Document:

EXHIBIT 10.19

                               LICENSE AGREEMENT:
                       MIMP010 (ISSUED 12TH DECEMBER 2003)

                                SUMMARY OF TERMS

The Licensee:                       Name:      Radica U.K. Ltd
                                    Address:   The Old Stables, Munns Farm
                                               Cole Green
                                               Herts, SG14 2NL
                                    Contact:    Denis Horton
                                    Tel: 01992 503133
                                    Fax: 01992 532800
                                    e-mail: Denis.Horton@radicauk.com

The Property:                       Monster in my Pocket

The Principal:                      Morrison Entertainment Group

The Licensor:                       Peak Entertainment Ltd

The Products:                       Hand held electronic games trade marked as
                                    Skannerz and Battle Discz for Skannerz
                                    Battle Orbz (please note the hand held
                                    electronic games will not conflict with any
                                    other electronic games and for the avoidance
                                    of doubt this will include console games and
                                    hand held categories such as, but not
                                    Limited to GameBoy.

Channels of Distribution:           Mass market (including, but not limited to,
                                    hypermarkets, cash and carry, toy specialty
                                    stores, department stores, stationery, gift
                                    stores, specialty chain retailers,
                                    supermarkets, the internet), Catalogue/
                                    Direct Mail house, Duty Free.

The Territory:                      United Kingdom, Channel Islands and Eire and
                                    then the first option within this category
                                    on all worldwide territories upon placement
                                    of TV. Terms to be agreed on a
                                    territory-by-territory basis.

The Term:                           3 years from signature of contract.

Advance Royalty:                    (pound)30,000 + vat.(pound)20,000 on
                                    signature of contract, balance paid upon
                                    receipt of design materials necessary to
                                    meet the schedule as contained in SCHEDULE
                                    3.

Guaranteed Royalty:                 (pound)nil

Royalty Rate:                       10 % of net selling price FOB, 8% of net
                                    selling price DOM.

Special Terms:                      All above subject to successful TV placement
                                    and ongoing transmission for duration of
                                    contract.

Number of Samples:                  20 of each product.

This LICENCE AGREEMENT is made this day 12 of December 2003, between:

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THE PARTIES:

      1.     PEAK ENTERTAINMENT LTD whose registered office is at Bagshaw Hall,
             Bagshaw Hill, Bakewell, Derbyshire, DE45 lDL. ("the Licensor")

      2.     THE LICENSEE: whose full name and trading or registered address is
             referred to on the Summary of Terms Sheet ("the Licensee")

RECITALS

(A)      The Licensor controls all rights of exploitation in the Property.

(B)      The Licensee wished to obtain a license to manufacture, market, sell
         and distribute the Products incorporating the Property and the Licensor
         has agreed to grant such right.

1.       DEFINITIONS

         "THE INTELLECTUAL PROPERTY" - means copyright, trademark and other
         rights in the Property.

         "NOTICE" - means notice in writing served in accordance with the
         provisions of subclause 15.4.

         "THE ROYALTIES" - means the payments to be made to the Licensor by the
         Licensee under Clause 4.

         "THE SPECIFICATIONS" - means the specifications set out in the first
         schedule.

         "THE STYLE GUIDE" - means the documents provided by the Licensor to the
         Licensee from time to time giving details of the Property including the
         papers that have been given to the Licensee before the signing of this
         Agreement.

         "CHANNELS OF DISTRIBUTION" - means all channels as described in the
         summary

         The words referred to in the first column of the Summary of Terms shall
         have the meanings attributed to them in the second column of the
         Summary of Terms Sheet.

2.       GRANT

         2.1      In consideration of the obligations undertaken by the Licensee
                  under this Agreement the Licensor grants to the Licensee an
                  exclusive license to apply the Property to the manufacture,
                  marketing, distribution and sale of the Products in the
                  Territory in accordance with the Specifications and the Style
                  Guide and under the terms of this Agreement in the Territory.

         2.2      The Licensee shall only market and solicit orders for the
                  Products in the Territory. If it receives orders for the
                  supply of Products outside the Territory it will immediately
                  inform the Licensor thereof.

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         2.3      The Licensor reserves the right to remove any of the Products
                  listed in the Summary of Terms where they are not on sale to
                  the trade in accordance with Clause 7.1 in any part of the
                  Territory.

         2.4      The Licensor reserves all rights not specifically granted
                  herein including the right to grant licenses of the Property
                  to other licensees in the Territory in respect of other
                  product categories.

3. TERM

         This Agreement shall be for the Term unless terminated earlier in
         accordance with Clause 10 herein.

4.       ROYALTIES

         4.1      In consideration of the rights granted by the Licensor the
                  Licensee shall pay to the Licensor a royalty of the Agreed
                  Percentage of the Net Selling Price of each unit of the
                  Products sold by the Licensee (less only normal trade
                  discounts) less returns. Upon the signing of this Agreement
                  the Licensee shall pay to the Licensor the Advance Royalty
                  which shall not in any circumstances be repayable either in
                  whole or in part of TC placement is made but which shall be
                  set off against royalty payments payable during the Term of
                  this Agreement. All payments made by the Licensee to the
                  Licensor pursuant to this Agreement shall be made by
                  telegraphic transfer to the following account:

                  Account:          Peak Entertainment Ltd
                  Bank:             Lloyds TSB Bank Plc
                  Account No:       2560768
                  Sort Code:        30-00-09

         4.2      The Licensee shall within 30 days of the 30th March, 30th
                  June, 30th September and 30th December in each year deliver to
                  the Licensor a statement giving particulars of all sales of
                  the Products effected by the Licensee since the last statement
                  date (and in respect of the first statement; since the date of
                  this Agreement) and showing the total royalty payable to the
                  Licensor and at the same time deliver to the Licensor a
                  remittance for the greater of the full amount of that royalty
                  or an equal quarterly installment of the Guaranteed Royalty
                  (less only the pro rata Advance applicable for the relevant
                  quarter). The form of the statement is set out in the second
                  Schedule.

         4.3      If the Licensee's sales of the Product during the term or
                  before the termination date (Clause 10) if sooner are
                  insufficient to generate royalties equal to the Guaranteed
                  Royalty at the end of the Term, or termination date (Clause
                  10), whichever the sooner, the Licensee shall pay to the
                  Licensor the difference between royalties generated throughout
                  the Term or before the termination date (Clause 10) if sooner
                  and the Guaranteed Royalty.

         4.4      The Licensee shall keep and maintain separate and detailed
                  accurate accounts and records so as to show the quantity and
                  Net Selling Price of Products sold, used or otherwise disposed
                  of by the Licensee for each royalty period giving separately
                  the figures for each product. The Licensor shall have the
                  right at reasonable hours, and on giving the Licensee
                  reasonable notice, to appoint a representative (being a
                  qualified, certified or chartered accountant) to audit the
                  said accounts and records and if such audit reveals a
                  discrepancy it shall be collected forthwith. It is further
                  agreed that if such discrepancy is 5% or more in the
                  Licensee's favour, the Licensee shall within 30 days of the
                  date of the relevant invoice pay the Licensor's reasonable
                  auditing fees and expenses in addition to any other payments
                  due and interest on the discrepancy at 4% above the base
                  lending rate from time to time of Lloyds TSB Bank Plc.

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         4.5      All sums payable by the Licensee to any person pursuant to
                  this Agreement shall be paid free and clear of all deductions
                  (except normal trade discounts) or withholdings whatsoever
                  save only as may be required by any applicable law.

5.       SPECIFICATION AND QUALITY

         5.1      The Licensee shall manufacture the Products according to the
                  Specifications and the Style Guide or such other
                  specifications as the Licensor may from time to time
                  substitute and at all times ensure that the Products are of
                  the highest quality attainable within the Specifications, in
                  particular the Licensee is to ensure that the Products comply
                  in all respects with the provisions of the relevant Toy Safety
                  Regulations (where applicable) and all other relevant
                  statutes, regulations and codes of practice in respect of
                  safety and quality.

         5.2      The Licensee shall submit for the Licensor's written approval
                  samples of the Products, any articles to be sold with the
                  Products and all packaging material, display, advertising or
                  publicity material and shall refrain from distribution, sales
                  or publication of any of the Products until such approval
                  shall have been first had and obtained. The Licensor reserves
                  the right to require the Licensee to make any alterations that
                  the Licensor may require to such items.

                  5.2.1    The Licensee shall comply with this Clause 5.2 at
                           each and every stage of development of the Products
                           identified as follows as applicable

                         PRODUCT                   PACKAGING

                         Rough visual of concept   Rough visual of concept
                         Hand/Sample/Prototype     Rough artwork
                         Pre-production sample     Finished artwork
                         Production sample         Artwork Proof
                                                   Finished production packaging

                  5.2.2    Approval will be granted on design, quality and
                           compliance with the Style Guide and the copyright
                           lines and all designs must be consistent with the
                           identity and image of the property.

                  5.2.3    Approval is not granted on the basis of any safety or
                           fitness for purpose aspect of the Products, as such
                           aspects are the sole responsibility of the Licensee.
                           The Licensee shall produce to the Licensor when
                           requested all relevant safety certificates.

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         5.3      The Licensee shall ensure that all units of the Products
                  including their wrappings and packaging are of the same
                  description as the sample approved by the Licensor in
                  accordance with Clause 5.2.

         5.4      The Licensee shall ensure that all covermounts related to the
                  Products are approved by the Licensor in accordance with
                  Clause 5.2.

         5.5      The Licensee shall supply to the Licensor the Number of
                  Samples of the Products free of charge within three months of
                  the first production of the Products.

         5.6      If the Licensee employs a third party to manufacture the
                  Products the Licensee shall:

                  5.6.1    put in place adequate controls to ensure that the
                           manufacturer only manufactures the Product for the
                           Licensee;

                  5.6.2    ensure that title to any plates or dies manufactured
                           specially for production of the Products are the
                           property of the Licensee and shall be returned to the
                           Licensee by the manufacturer on demand;

                  5.6.3    only employ manufacturers after a full enquiry has
                           been made to ensure that they are of proper status;
                           and

                  5.6.4    ensure that any Products manufactured meet the
                           Specifications.

         5.7      If the Licensee or its third party manufacturer requires
                  imagery or artwork additional to the Style Guide, the Licensee
                  agrees to pay the price quoted from time to time by the
                  Licensor in respect thereof.

6.       USE AND PROTECTION OF INTELLECTUAL PROPERTY

         6.1      Every unit of the Products and all packaging, advertising and
                  point of sale materials used in connection therewith and which
                  incorporates the Intellectual Property shall bear the
                  following statement which shall not be varied in any way by
                  the Licensee without prior written consent of the Licensor:

                  "Licensed by Peak Licensing (c) 2002 Morrison Entertainment
                  Group, Inc."

         6.2      The Licensee shall not use any of the Property as part of the
                  Licensee's name or the name of any entity associated with it
                  without the prior written consent of the Licensor.

         6.3      The Licensee shall not during the subsistence of this
                  Agreement or at any time thereafter register or use any of the
                  Intellectual Property in its own name as proprietor.

         6.4      The Licensee recognises the Licensor's title to the
                  Intellectual Property and shall not claim any right title or
                  interest in the Intellectual Property or any part of it save
                  as is granted by this Agreement. Any Intellectual Property
                  right that the Licensee shall acquire to the Products is
                  hereby assigned to the Licensor and, if appropriate, the
                  Licensee shall enter into a legal assignment of such
                  Intellectual Property without payment.

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         6.5      The Licensee recognises that the copyright lines in any
                  literary, artistic, musical or dramatic work generated or
                  arising from the activities of the Licensee under this
                  Agreement shall be the property of the Licensor and the
                  Licensee with full title guarantee hereby assigns such
                  copyright and all rights related thereto to the Licensor. If
                  the Licensee requires or employs a third party to create any
                  work in connection with this Agreement in respect of which
                  copyright exists, the Licensee shall, prior to the third party
                  creating the said work, obtain an assignment of such copyright
                  and related rights in favour of the Licensor and the Licensee
                  shall do all things necessary to ensure that the said
                  copyright shall vest in the Licensor.

         6.6      The Licensee shall promptly call to the attention of the
                  Licensor the use of any part of the Property by any third
                  party or any activity of any third party, which might be in
                  the opinion of the Licensee amount to infringement or passing
                  off.

         6.7      The Licensee shall not assign the benefit of this Agreement or
                  grant any sublicense without prior written consent of the
                  Licensor.

         6.8      The Licensee shall hold all goodwill generated by its
                  operations under this Agreement as trustee for the benefit of
                  the Licensor.

         6.9      Any designs or other works derived by the Licensee from the
                  Intellectual Property or any part of it shall be held by the
                  Licensee on trust for the Licensor and at the Licensor's
                  request shall be assigned to the Licensor without
                  compensation.

         6.10     The Licensee shall not, except with the prior written consent
                  of the Licensor, make use of the name of the Licensor in any
                  connection otherwise than is expressly permitted by this
                  Agreement.

         6.11     If required by the Licensor, the Licensee will join with the
                  Licensor to become a registered user of the Intellectual
                  Property or any part of it.

7.       LICENSEE'S OBLIGATION AS TO MARKETING

         7.1      The Licensee shall ensure that the Products shall be on sale
                  to the trade within six months, and on sale to the public
                  within twelve months of the commencement date of the Term.

         7.2      It is agreed by the Licensee that the Products will be sold
                  only to recognised wholesale firms for resale to retail firms
                  or to retail firms for resale to the public or direct to the
                  public.

         7.3      The Licensee shall ensure so far as it is reasonable
                  practicable that the Products are not supplied for resale as
                  an integral part of any other product and shall not be
                  supplied either directly or indirectly to other manufacturers
                  or to hawkers, peddlers, street vendors and the like or to any
                  person intending to distribute the Products gratuitously,
                  unless agreed in writing with the Licensor.

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         7.4      The Licensee shall at all times use its best endeavors to
                  promote and sell the Products in the Territory.

         7.5      The Licensee shall only market and sell Products in an ethical
                  manner having regard at all times to the image and reputation
                  of the Property and shall therefore use good taste at all
                  times.

         7.6      The Licensee shall not harm, misuse or bring into disrepute
                  the Property or the Licensor.

         7.7      The Licensee shall distribute and sell the Products only
                  through the Distribution Channels as specified in Clause1 of
                  this Agreement.

8.       NO PREMIUMS

         8.1      The Licensee shall not sell or otherwise dispose of any of the
                  Products as premiums to any person or persons whatsoever
                  without the consent of the Licensor.

         8.2      The right of sale as premiums is expressly reserved by the
                  Licensor and if the Licensee shall receive any approach for
                  the purpose of the use or sale of the products as premiums it
                  shall forthwith notify the Licensor and furnish it with the
                  names and full particulars of the person or persons making the
                  approach.

         8.3      For the purposes of this clause "premium" means a product or
                  products combined with a service which is sold or supplied in
                  association with the promotion of another product or service
                  offered in association with the sales promotional activities
                  of retailers wholesalers or manufacturers associations with
                  incentive programmes of all kinds.

9.       ACTION AGAINST THIRD PARTIES

         9.1      The Licensee shall have no right to take action against third
                  parties in respect of the Intellectual Property and if
                  required to do so by the Licensor the Licensee shall
                  co-operate fully with the Licensor in any such action the
                  Licensee's expenses incurred in doing so being borne by the
                  Licensor.

         9.2      All damages shall be the exclusive property of the Licensor
                  provided that the Licensee shall be entitled to set-off any
                  expenses which is able to claim from the Licensor pursuant to
                  Clause 9.1.

         9.3      Any decisions to take action against third parties shall be
                  solely at the discretion of the Licensor.

10.      TERMINATION

         Without prejudice to any right or remedy the Licensor may have against
         the Licensee for breach or non-performance of this Agreement, the
         Licensor shall have the right to immediately terminate this Agreement
         by serving the Licensee with written notice to that effect in the
         following circumstances.

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         10.1     On the Licensee committing a breach of any provision of this
                  Agreement and failing to remedy such breach within 30 days of
                  receiving written notice specifying the breach and requiring
                  remedy thereof;

         10.2     if the Licensee shall have any distress or executor levied
                  upon it's goods or effects;

         10.3     on the Licensee becoming unable to pay its debts with the
                  meaning of Section 123 Insolvency Act 1986, passing any
                  resolution to wind itself up or on petition being presented to
                  wind up the Licensee or if a Receiver or an Administrative
                  Receiver of the Licensee's undertaking, property or assets or
                  any part thereof is appointed or if an application is made for
                  the appointment of an Administrator of the Licensee, or if the
                  Directors of the Licensee propose a composition of debts or
                  scheme of arrangements.

         10.4     on the Licensee for any reason whatever nature being
                  substantially prevented from performing or becoming unable to
                  perform its obligations under this Agreement.

         10.5     on the Licensee assigning, sub-contracting or attempting to
                  sub-contract or assign this Agreement without the prior
                  written consent of the Licensor;

         10.6     if control of the Licensee shall pass from the present
                  shareholders or owned or controlled by other persons whom the
                  Licensor shall in it's absolute discretion regard as
                  unsuitable;

         10.7     if the Licensee ceases or threatens to cease carrying on it's
                  usual business for a period in excess of thirty (30) working
                  days consecutively.

11.      TERMINATION CONSEQUENCES

         11.1     Upon termination of this Agreement whether by expiry of the
                  Term or otherwise the Licensee shall forthwith discontinue
                  manufacture of the Products.

         11.2     If the Licensee shall have any remaining stocks of the
                  Products at the time of termination they may be disposed of by
                  the Licensee in compliance with the terms of this Agreement
                  for 180 days after termination but not otherwise.

         11.3     Any Products in the course of manufacture at the time of
                  termination may be completed within 14 days and disposed of in
                  compliance with Clause 11.2 of this Agreement but not
                  otherwise.

         11.4     The Licensee shall forthwith upon termination pay to the
                  Licensor the Guaranteed Royalty to the extent not paid earlier
                  through any combination of the Advance or royalties earned
                  prior to termination.

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12.      LICENSORS WARRANTY

         Licensor represents and warrants to the Licensee that:

         12.1     It has and will have throughout the Term of this Agreement,
                  the right to exploit the Property in all media throughout the
                  Territory.

         12.2     The rights granted herein do not, so far as the Licensor is
                  aware, violate or infringe any agreements, rights or
                  obligations existing, or to be created during the Term, of any
                  person, firm or corporation.

13.      INDEMNITY

         13.1     The Licensee shall indemnify and hold harmless the Licensor
                  from and against any liability, loss, claim or proceedings
                  whatsoever arising under any statute or at Common Law in
                  respect of personal injury to or the death of any person and
                  any injury or damage to any property real or personal arising
                  from the sale of the Products unless such Liability arises
                  from the neglect or default of the Licensor.

         13.2     The Licensee shall have in force Public and Product Liability
                  Insurance for not less than the equivalent of 1 million
                  satisfactory to the Licensor and with the Licensor as
                  additional named insured.

         13.3     The certificates of insurance shall be shown to the Licensor
                  whenever it requests together with satisfactory evidence of
                  payment of premiums.

14.      INSPECTION

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

15.      MISCELLANEOUS

         15.1     NO Waiver

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

         15.2     SEVERANCE

         In the event that any provision of this Agreement is declared by any
         judicial proceedings or other competent authority to be void, voidable
         or illegal the remaining provisions shall continue to apply unless the
         Licensor at the Licensor's discretion decides that the effect is to
         defeat the original intentions of the Parties in which case it shall be
         entitled to terminate the Agreement by 30 days notice in which event
         the provisions of Clause 11 shall apply.

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         15.3 NO AGENCY OR PARTNERSHIP

         The Parties are not partners nor joint ventures nor is the Licensee
         entitled to act as the Licensor's agent nor shall the Licensor be
         liable in respect of any representation act or omission of the Licensee
         whatever nature.

         15.4 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 Clause 1 and shall be deemed to have been
         received by the addressee with (three) 3 working days after posting or
         24 hours of transmission if sent by facsimile.

         15.5 CHOICE OF LAW

         This Agreement shall be governed by English law in every particular
         including formation and interpretation and shall subject to the
         jurisdiction of the English Courts.

16.      TRANSMISSION OF BENEFIT

         16.1     This Agreement shall be binding upon and inure to the benefit
                  of the Licensor and its successors and assigns.

         16.2     The Licensee may not assign or sub-license the rights
                  contained in this Agreement.

17.      INTEREST

         If any sums due hereunder remain unpaid for a period in excess of 30
         days after they have become due to the Licensor the unpaid balance will
         accrue interest at the rate of 4% per annum above the base rate for the
         time being of Lloyds TSB Bank Plc.

18.      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 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.

19.      HEADINGS

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

20.      ENTIRE UNDERSTANDING AND VARIATION

         20.1     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, conditions or obligations oral
                  or written, expressed or implied other than those contained in
                  this Agreement.

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         20.2     No variation or amendment of this Agreement or oral promise or
                  commitment related to it shall be valid unless committed to
                  writing and signed by a director of the Owner.

21.      THE CONTRACTS (RIGHTS OF THIRD PARTIES) ACT 1999

         This Agreement does not create any right enforceable by any person nor
         a party to it provided that a person who is the permitted assignee or a
         successor to the Licensor is deemed to be a party to this Agreement.

SIGNED BY
           -------------------------

FOR AND ON BEHALF OF THE LICENSOR
DATE.
           -------------------------

SIGNED BY  /s/
           -------------------------

FOR AND ON BEHALF OF THE LICENSEE
DATE. 18.12.03
           -------------------------

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                               THE FIRST SCHEDULE

SPECIFICATIONS

The Product shall be manufactured to a standard no lower than the sample
provided by the Licensee to the Licensor in accordance with Clause 5.2.

The material used in the manufacturing the Product shall be of no lower quality
than that used in the sample.

The colour and depiction of the material shall be as specified in conjunction
with the licensors design studio.

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                               THE SECOND SCHEDULE

Royalty Statement (attached).

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                               THE THIRD SCHEDULE

Design commitments from Peak Entertainment

1. Separate monsters into 2 classes (example 21 good, 21 bad) 2. Create
additional monsters (example 19 or more). Could be more or less. 3. Define
attributes for each monster 4. Create dot matrix art and default position for
each monster. Note that actual monster image is larger than display area and can
be panned. 5. Create Items as dot matrix art with Result attribute. 6. Provide
sfx and speech unique to TV show. Spec to be provided by Radica.EXHIBIT 10.20

                       ENTERTAINMENT PRODUCTION AGREEMENT

                                     BETWEEN

                           PEAK ENTERTAINMENT LIMITED

                                       AND

                          THE SILLY GOOSE COMPANY, LLC

                       ENTERTAINMENT PRODUCTION AGREEMENT

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This Production Agreement is dated as of 16 December 2004 by and among Peak
Entertainment Limited of Bagshaw Hall, Bagshaw Hill, Bakewell, England, DE45 1GL
(hereinafter `Peak'), The Silly Goose Company, LLC (hereinafter `Silly Goose').
Either of the foregoing may be referred to as a `Party', and collectively they
are referred to as the `Parties'.

                             ARTICLE 1. INTRODUCTION

1.    Recitals:

      (a)   The Property: Silly Goose has created that certain intellectual
            property entitled "The Wumblers". Pursuant to an agreement dated 28
            April 2003 Peak are entitled to all exploitation rights in the
            Property including merchandise and distribution rights and the right
            to enter into an Entertainment Production License.

      (b)   Peak: Peak is a holding company which is in the business of
            exploiting intellectual property rights, including television
            distribution, licensing and merchandising.

      (c)   Funding: Peak will fund or find third party investors to fund 52 X
            11 minutes animated television episodes based on the Property.

2.    Production:

      (a)   Peak agrees to supply the financing and to appoint a co-production
            partner to supply the facilities, personnel and/or services for the
            production of a series of 52 x 11 mins animated episodes.

      (b)   Bible: A bible for the Property will be created and submitted for
            approval to Silly Goose, and shall not be materially deviated from
            without their consent. If the Parties cannot agree in good faith on
            a creative element requiring their approval, the arbitration
            provision of this Agreement shall apply.

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                             ARTICLE II. PRODUCTION

3.    Quality of Production: The technical quality of the completed production
      elements shall be equal to the quality requirements customarily required
      by US network animation broadcasters. The Series shall be originally
      recorded in the English language, shall have the sound, music and effects
      fully synchronized to the applicable visual elements and shall be produced
      in compliance with all applicable US standards, laws and regulations,
      including (without limitation) broadcast standards, privacy, publicity,
      intellectual property and copyright laws.

                      ARTICLE III. FINANCING AND MARKETING

4.    Peak shall finance, or obtain finance from third parties, the production
      budget for 52 x 11 mins animated TV series episodes.

5.    Peak or/and its production finance partners shall recoup cost of said
      production and marketing budgets in first place.

         ARTICLE IV. EXPLOITATION AND DISTRIBUTION RIGHTS TO THE SERIES

6.    Ownership

      (a)   In proportion to their interest in the Net Proceeds therefrom, the
            Parties shall jointly own solely and exclusively, as tenants in
            common, an undivided interest in the copyright (including, without
            limitation, any renewals and extensions thereof) in and to the
            Series, all elements created in connection therewith as they are
            created, and all physical elements containing same. [Laura still
            owns 100% copyright in concept]

      (b)   The Parties hereby grant Peak, as trustee for the other Parties, the
            sole and exclusive right to license, enforce and exploit said
            copyright in the Territory.

      (c)   No Party shall assign or transfer its interest in the copyright to
            the Series. If it proposes to do so, it shall offer to sell its
            interest to the other Parties, as their interests may appear, on
            terms mutually acceptable to the Parties. If any Party proposes to
            assign or transfer its interest hereunder, the other Parties shall
            have the right to match any such deal which said Party proposes to
            accept, as their interests in the remainder of the project appear at
            the time.

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      (d)   Peak shall have the rights to produce other episodes based on the
            Property, the characters therein or theatrical, remake or sequel
            rights therein, plus distribution, licensing and merchandising
            rights thereof. If, within five (5) years after delivery of the last
            episode hereunder, Peak does not determine to produce theatrical
            motion pictures, remakes and/or sequels to the Series, the other
            Parties hereto shall first be offered the opportunity to participate
            in production, distribution and financing thereof on the same terms
            as contained herein, provided they are not in breach of this
            Agreement.

7.    Exploitation Rights

      (a)   Peak shall have, and Silly Goose hereby license to Peak, the sole
            and exclusive right to exploit the Series in the Territory, in
            perpetuity, in the media of Television Broadcasting, and to retain
            thirty-five percent (35%) of all gross revenues generated therefrom.
            Peak shall be the sole administrator of the music publishing to the
            Series in the Territory (which shall be either in the public domain
            or available for license through ASCAP or BMI) and shall be entitled
            to retain thirty-five percent (35%) of gross revenues therefrom.

            (i)   "Territory" shall mean the world

            (ii)  "Television Broadcasting" refers to all forms of presentation
                  and showing by means of the remote transmission and
                  reproduction of sound and image elements, by all procedures in
                  means known or still to be discovered, radiobroadcast all over
                  the Territory and transmitted by the intermediary of one or
                  several local radio broadcasting channels, by all types of
                  aerials, including home aerials, by cable distribution,
                  satellite, closed circuit or other modes of reception or
                  transmission, including UHF or VHF radio broadcasting, as well
                  as any forms of television commonly known as "free
                  television", "conventional television", "residential
                  television", "pay television", "public television",
                  "television by subscription", "DBS television", "commercial
                  television", "educational television" and "closed circuit
                  television and broadcast over the Internet. "Television
                  Broadcasting" shall not include Videograms or Merchandising.

            (iii) "Videogram" refers to any mechanism or media upon which a
                  visual work which transmits an illusion of movement is
                  located, and which may be presented visually, with or without
                  sound, by means of a television type system, including
                  videocassettes, videodiscs, DVD CDROM and other forms of the
                  same kind, through all means or procedures known or still to
                  be discovered.

<PAGE>

            (iv)  Peak shall have, and the parties hereby licence to Peak, the
                  sole and exclusive right to exploit the merchandising rights
                  in the Series in the Territory and to retain thirty-five
                  percent (35%) in the UK and forty percent (40%) in the rest of
                  the world of all gross revenues generated therefrom.
                  "Merchandising" refers to the exploitation of the Series and
                  the Property and all rights incidental thereto by means of
                  sales, franchising, licenses, rent, distribution, granting or
                  otherwise of posters, food and drinks, comics, cartoons,
                  novelties, cards, stationery, games (including electronic,
                  video, arcade and board) photographs, books, toys, clothes,
                  records, cassettes or other types of mechanical recording,
                  interactive/multimedia, films, all audio-visual support
                  including technical games and all other objects whose
                  manufacture, conception or concept is inspired, drawn or based
                  on one or any part of the Series, their characters or any
                  element thereof. All of the foregoing are listed for
                  illustration purposes only and not by way of limitation. Any
                  Internet website devoted to the Series shall be created and
                  managed, or licensed, by Peak.

                          ARTICLE V. SPLIT OF REVENUES

8.    Recoupment

      100% of production budget and marketing budget will be recouped by Peak
      and/or its finance partners from all gross revenues in first position.

9.    "Net Proceeds" "Net Proceeds" as used herein, shall mean (i) gross income
      or other value actually received by or on behalf of Peak from all sources
      an all media (whether now known or hereafter discovered) including
      (without limitation) Merchandising and Videograms), in the Territory, in
      perpetuity, less (ii) permitted distribution fees, permitted distribution
      expenses for French dubs and copyright/trademark enforcement costs),
      licensing and merchandising fees, (iii) the budgeted cost of production
      plus any permitted overbudget expenditures and the budget cost of
      marketing.

10.   "Net Proceeds" will be split 25% Silly Goose, 25% Peak, 50% Peak and/or
      third party financing partners. Silly Goose is herewith recognised as a
      third party finance partner by its investment of $500,000 on signature of
      this agreement. Thereafter Silly Goose's Net Proceeds share will increase
      by 6%. For avoidance of doubt this means that Net Proceeds will be split
      31% Silly Goose, 25% Peak and 44% Peak and/or other third party financing
      partners.

<PAGE>

                       ARTICLE VI. ADVERTISING AND CREDITS

11.   Advertising and Publicity; Confidentiality:

      (a)   Each of the Parties shall have the right to make public reference to
            its role hereunder in connection with the Series and its business
            generally, but the financial terms of this agreement shall be kept
            confidential between the Parties, unless required by law or stock
            exchanges to be revealed. The Parties shall jointly approve an
            initial press release and other press releases and advertising shall
            accurately state the relationship between the Parties and to the
            Series.

      (b)   Peak shall exercise reasonable efforts not to reveal to any third
            party any trade secrets, secret or confidential information,
            confidential technical information, or any other information
            relating to the copyright referred to in this Agreement or any such
            information relating to the carrying out of the production
            hereunder.

12.   Credits

      (a)   Peak shall accord Silly Goose and others working on the Episodes
            reasonable and customary credit among the titles of each Episode
            actually produced by Peak hereunder.

      (b)   In formal publicity issued by or under control of Peak relating to
            this Agreement Silly Goose shall be mentioned . The foregoing
            obligation shall not apply to award, congratulatory or institutional
            publicity.

      (c)   All other details of the foregoing credits shall be at Peak's
            discretion, Silly Goose shall not be entitled to any injunctive
            relief for a breach of this provision and Peak shall not be liable
            for any casual or inadvertent failure to accord such credit, or for
            the failure of any third party to comply with its obligations to
            Peak. If Silly Goose shall notify Peak of a breach of this
            provision, Peak shall take commercially reasonable efforts to
            correct such breach on a going forward basis. Such credit shall be
            subject to the broadcasting stations' and distributors' standards
            and practices policies. [Just in case broadcasts fails to show
            credits]

<PAGE>

                   ARTICLE VII. WARRANTIES AND REPRESENTATIONS

13.   (a)   Peak hereby represents and warrants to the Parties that, with the
            exception of those rights and materials which are in the public
            domain (i) it has the full right and authorization to enter into and
            perform its obligations hereunder; (ii) it will pay all sums due to
            any person who is or may be entitled to any payment in respect of
            services or facilities rendered, or goods supplied or rights granted
            in connection with the Series, (iii) will ensure that nothing
            contained in the Series is defamatory, violates the right of
            privacy, or violates the rights of any third party; (iv) it has not
            and will not create any charges, liens, claims, encumbrances,
            pledges, security interests, or restrictions over the Series or
            Property,; (v) there is no litigation in existence or pending or
            threatened against it in relation to the Series or Property.

      (b)   Silly Goose warrants that it has such right, title and interest in
            and to the Property as to enable it to vest in Peak, free from any
            liens or encumbrances or third party rights, the sole and exclusive
            right, privilege and license herein conveyed, that the rights
            granted herein have not been licensed to any other person or entity,
            that Silly Goose is the legal and beneficial owner of the Property
            and that, to the best of Silly Goose's knowledge, the exercise by
            Peak of the rights ranged herein shall not infringe the rights of
            any third party.

      (c)   Representation: It is expressly agreed that no Party is the legal
            representative of the other Parties and has no authority, expressed
            or implied, on behalf of the other Parties to bind such other
            Parties or to pledge their credit. Nothing contained in this
            Agreement shall be deemed or construed to constitute or create
            between the Parties hereto a partnership, joint venture, or agency.
            No party may be held liable for the acts either of omission or
            commission of the other Parties, and no party is authorized to or
            has the power to obligate or bind the other Parties by contract,
            agreement, warranty, representation, or otherwise in any manner
            whatsoever except as may be expressly provided herein. Nothing in
            this Agreement shall be construed as granting Silly Goose any right,
            license, or interest in or to any trademark, trade name, copyright,
            design, trade secret, know-how, or similar right or protection which
            is the property of Peak, its parent, subsidiaries, and/or affiliates
            except as expressly set forth herein to the contrary.

      (d)   Notice of Claim: The Party receiving notice of any claim or action
            subject to indemnity hereunder shall promptly notify the other
            Parties. Representations, warranties and indemnities shall survive
            any termination or expiration of this Agreement.

<PAGE>

                            ARTICLE VIII. TERMINATION

14.   Termination/Specific Performance

            (i)In case any Party fails to perform under or commits a material
            breach of any of the several covenants and conditions herein
            contained, the other Party shall notify such Party in writing of
            such failure or default and such Party shall then have the right to
            remedy such failure or default by complying with the terms of this
            Agreement, and thereby rendering the notice null and void and of no
            effect. If the breaching Party has not instituted a remedy or is not
            in the process of instituting a remedy within sixty (60) days of
            receipt of such notice, the aggrieved Party may terminate this
            Agreement immediately by a further notice in writing.

            (ii)Any termination under this Paragraph 16 will be without
            prejudice to the rights and remedies of any Party with respect to
            any provisions or covenants arising out of breaches committed prior
            to such termination. All rights, privileges, and licenses granted to
            Peak hereunder concerning the Property shall forthwith revert to
            Silly Goose, and Peak and shall forthwith cease the production of
            the Series.

                             ARTICLE IX. ARBITRATION

15.   Arbitration. This Agreement and all matters collateral thereto shall be
      governed by the laws of New York applicable to contracts entered into and
      to be fully performed in New York. Each Party agrees to appoint an agent
      in New York for the service of process hereunder, in the absence of which
      service on that Party may be made on the Secretary of State of New York.

      (a)   Subject Matter of Arbitration; Non-Applicability to Certain Acts.
            All controversies, claims or disputes between the Parties, their
            successors and assigns, arising out of this Agreement, or relating
            to the transactions contemplated hereby, including (without
            limitation) contract, tort or other controversies, claims or
            disputes, shall be resolved by arbitration in accordance with the
            provisions of this paragraph; provide, however, the arbitration
            provisions contained herein shall not apply to any action seeking to
            restrain or enjoin any other person (whether by way of a restraining
            order or preliminary or permanent injunction o otherwise) or to an
            action to obtain or execute on a writ of mandate or attachment, and
            nothing contained herein shall be construed to limit the right of a
            Party to file an action for any such purposes in a court of
            competent jurisdiction. However, the New York Superior Court for the
            Central District of New York or the U.S. Federal district court
            residing in such District shall be the agreed-upon forum in such
            instances.

<PAGE>

      (b)   Selection of Arbitrator. Either side to the dispute may institute
            arbitration by giving written notice of intention to arbitrate to
            the other Parties, which notice shall contain the nature of the
            controversy, the amount involved (if any), the remedies sought, and
            any other pertinent matter. Within fifteen (15) days after the
            giving of such notice, the other Party/Parties may submit to the
            initiating Party an answering statement. Within seven (7) days
            thereafter, the Parties (or their counsel) shall meet in person or
            by telephone and attempt in good faith to select an arbitrator, who
            shall be from the Los Angeles Trial Panel of Retired Judges and
            Commissioners (the "Panel"). Any agreed-upon selection shall be
            confirmed in writing signed by both sides or their counsel. If the
            Parties are unable to agree upon an arbitrator within the seven (7)
            day period, the arbitrator shall be appointed from the Panel by the
            American Arbitration Association in accordance with its then
            existing rules. The arbitrator shall not be a Party hereto, have a
            conflict of interest with, or be associated with, employed by, or
            have the status of a supplier of goods or services to, any party
            hereto.

      (c)   Arbitration Procedure: The arbitrator, if he desires, shall have
            access to all books and records of the Parties and other documents
            and things of the Parties pertinent to the matter in arbitration
            which shall enable him to make the required decision, including the
            work papers of the Parties and the parties' accountants. The
            arbitrator, if he desires, may employ experts not associated with or
            employed by any Party to assist him in making the required decision,
            and the cost of same shall be deemed a cost of arbitration. In
            addition, the arbitrator shall set a reasonable schedule for the
            conduct of any discovery desired by the Parties, the preparation and
            submission of briefs, and all other procedures he deems necessary to
            bring the matter to arbitration speedily, economically and fairly,
            and he shall have the power to resolve any disputes among the
            Parties relating to such discovery or other procedures without the
            necessity of a formal motion, but after giving both sides an
            opportunity to be heard. Prior to rendering his decision, the
            arbitrator shall afford each of the |Parties an opportunity, both
            orally and in writing, to present any relevant evidence and to
            present that Party's factual and legal contentions and arguments in
            connection with the matter in arbitration; provide, however, the
            formal rules of evidence applicable to judicial proceedings shall
            not apply; and provided, further, any Party submitting written
            material shall be required to deliver a copy of the same to the
            other Party concurrently with the delivery thereof to the
            arbitrator, and such other Party shall have the opportunity to
            submit a written reply a copy of which shall also be delivered to
            the other Party concurrently with the delivery thereof to the
            arbitrator. Oral argument shall take place only at a hearing before
            the arbitrator at which all Parties are afforded a reasonable
            opportunity to be present and heard. The parties may engage their
            own experts for the purposes of presenting evidence to the
            arbitrator. In all other respects and unless otherwise expressly
            provided herein or agreed upon by the Parties in writing, the
            arbitration shall be conducted in accordance with the rules then
            pertaining of the American Arbitration Association except that the
            provisions of section 1283.05 of the California Code of Civil
            Procedure, or any successor section thereto, relating to the taking
            of depositions in an arbitration proceeding, shall also apply.

<PAGE>

      (d)   Time and Place of Arbitration. The arbitration shall take place in
            the County of New York, State of New York, at a time and place
            selection by the arbitrator. Notice in writing of such time and
            place shall be given by the arbitrator to each Party at least thirty
            (3) days prior to the date so fixed.

      (e)   Arbitration Award. Unless the time is extended by the arbitrator, he
            shall submit his determination in writing within sixty (60) days
            after his appointment. The arbitrator shall have the right and power
            to grant any relief which could have been awarded if the controversy
            had been litigated in a court of competent jurisdiction; provide,
            however, no arbitrator shall have the right or power to enjoin or
            restrain any act of any Party (that right and power being expressly
            reserved to a court as set forth herein); and provided, further, no
            arbitrator shall have the right or power to award punitive damages,
            the Parties hereby expressly agreeing to waive any right they may
            have to institute a claim or action for punitive damages (whether in
            arbitration or in a judicial proceeding) to the fullest extent
            permitted by applicable law. The determination of the arbitrator
            shall be final, conclusive and binding. Any award made pursuant to
            arbitration may be entered as a judgment, on the application of any
            Party to said arbitration, by the New Yord Superior Court for the
            Central District of New York as the agreed-upon forum.

      (f)   Cost of Arbitration: Each party shall share the costs of the
            arbitration in proportion to its participation in net Proceeds;
            however, the arbitrator may order the prevailing Party or Parties to
            be reimbursed for all such costs.

                            ARTICLE X. MISCELLANEOUS

16.   Any Party may assign this Agreement, in whole or in part, to any party; to
      any parent, subsidiary or affiliated company; or to any entity with whom
      any parent, subsidiary or affiliated company is merged or consolidated; or
      to any entity acquiring all or substantially all of the stock or assets of
      any such parent, subsidiary or affiliated company. Any other assignment
      shall be subject to the written consent of the other Parties, not be to
      unreasonably withheld.

<PAGE>

17.   This Agreement may not be modified or waived in whole or in party except
      in writing signed by the Party to be charged. A waiver of any of the terms
      or conditions of this Agreement in any instance shall not be deemed or
      construed to be a waiver of such term or condition for the future, or of
      any subsequent breach thereof.

18.   The captions of the paragraphs of this Agreement are for convenience only,
      and shall not in any way affect the interpretation of the Agreement
      itself.

19.   All notices required to be given hereunder shall be given in writing by
      personal delivery, prepaid airmail, email or facsimile addressed to the
      Parties at the respective addresses of the parties as stated herein.
      Notices given by airmail or courier shall be deemed given on the date of
      mailing or delivery to a courier respectively, except as to notice of
      default, which shall be deemed given only when received by the addressee.

20.   If any provision of this Agreement, applied to any Party or to any
      circumstances, shall be adjudged by a court to be void or unenforceable,
      the same shall in no way affect any other provision of this Agreement.
      Nothing contained in this Agreement shall be construed so as to require
      the commission of any act contrary to law, and wherever there is any
      conflict between any provision of this Agreement and any statute, law,
      ordinance of regulation contrary to which the Parties have no legal right
      to contract, then the latter shall prevail, but in such event the
      provisions of this Agreement so affected shall be curtailed and limited
      only to the extent necessary to bring them within the legal requirements.
      Each and all of the legal rights and remedies provided for in this
      Agreement shall be construed as being cumulative, and no one of them shall
      be deemed to be excusive of the others or of any right or remedy allowed
      by law.

      IN WITNESS WHEREOF, THE parties have executed this agreement on the
date first above written

         Peak Entertainment Limited         The Silly Goose Company, LLC

         By: /s/ Paula Shorrocks            By: /s/ Laura Wellington
         -------------------------          ---------------------------
         Paula Shorrocks, Director          Laura Wellington, President

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