Document:

EXHIBIT 10.7

                                  IN MY POCKET

                                LICENSE AGREEMENT

MEMORANDUM OF AGREEMENT, effective as of the 25th day of February 2002, by and
between, on the one hand, Morrison Entertainment Group, Inc. ('Licensor'), 1334
Parkview Ave., Suite 300, Manhattan Beach, CA 90266 USA, and, on the other hand,
Peak Entertainment Ltd. ('Licensee'), Holme Hall, Holme Lane, Bakewell,
Derbyshire, DE45 1GF, England and Mr. and Mrs. Wilfred Shorrocks ('Shorrocks"),
Holme Hall, Holme Lane, Derbyshire, DE45 1GF. England.

For and in consideration of the mutual promises, covenants and undertakings
herein contained and for other good and valuable consideration by each of the
other given, receipt of which is hereby mutually acknowledged, the parties
hereby agree as follows:

RECITALS:

         WHEREAS, Licensor is the sole proprietor of the Item (as defined in
Paragraph 1(a) below) and controls the Item together with exploitation rights
connected therewith in all media worldwide;

         WHEREAS, Licensor and Just Group Plc ("Just') previously entered into a
License Agreement dated as of June 12, 2001 (the "Previous License") pursuant to
which Just was granted certain rights worldwide;

         WHEREAS, Licensor has now terminated the Previous License;

         NOW, THEREFORE, Licensor and Licensee desire to enter into this License
Agreement on the terms set forth herein.

1.    LICENSED PROPERTY

      (a)   Definition: "Item" means the concept, product. design and/or
            invention presented by Licensor to Licensee, currently known as
            MONSTER IN MY POCKET, PUPPY IN MY POCKET, and all other IN MY POCKET
            concepts, products, designs and/or inventions presently owned or
            controlled by Licensor.

      (b)   Licensor's Intellectual Property Rights: Any and all intellectual
            property rights owned or controlled by Licensor which may be
            embodied in or may relate to the Item shall be deemed subject to the
            grant of rights contemplated by this Agreement, including, without
            limitation, applications for or patents issued in the Item;
            copyrights in the Item or in any visual or audible material related
            thereto; trademarks either previously used in commerce by Licensor
            in connection with the Item or with respect to which Licensor has
            officially, and in a manner sanctioned by applicable laws,
            indicating its intent to use (individually or collectively referred
            to herein as the "Trademark(s)"; and proprietary or confidential
            data or information or trade secrets relating to the Item or its
            design or manufacture. Without limitation of the foregoing, a
            complete list of Trademarks registered by Licensor in the U.S. as of
            the date of this Agreement is set forth in the schedule attached
            hereto and incorporated herein by this reference.

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      (c)   Modifications: Licensor agrees that any improvement, modification or
            enhancement of the Item, created subsequent to Licensor's
            presentation of the Item to Licensee (hereinafter, "Extension
            Item"), and created, owned or controlled by Licensor during the term
            of this Agreement will be deemed to be included within the scope of
            those rights granted by Licensor to Licensee herein.

      (d)   Licensed Property: "Licensed Property" means the Item as above
            defined and all of Licensor's rights and interests in the Item,
            including but not limited to all of Licensor's property rights
            described in this Paragraph 1. "Licensed Property" shall not include
            the "Nintendo Claim" (as defined in Paragraph 4(e) below) or any
            proceeds derived from the Nintendo Claim. "Licensed Products" shall
            mean any product utilizing the Licensed Property and/or marketed
            and/or distributed using any Trademark.

2.    GRANT.

      (a)   Use: Licensor grants, assigns, and transfers to Licensee the sole
            and exclusive right, privilege and license to make, reproduce,
            modify, use, sell and/or otherwise exploit or sublicense the
            Licensed Property in the Territory in conjunction with all types of
            products and in all media throughout the Territory. Licensee hereby
            appoints Licensor its exclusive licensing agent to represent the
            Licensed Property in the United States and its territories and
            possessions, Licensee shall have the right to terminate such
            appointment upon thirty (30) days prior written notice to the
            Licensor in the event that (i) an Entertainment Production License
            (as defined in Paragraph 2(d) below) is executed; or (ii) Licensee
            opens an office in the United States. Subject to the terms of
            Paragraph 6A(a) below, Licensee shall have the right to engage
            sub-agents in all other countries of the Territory, provided that
            (i) each sub-agent shall be subject to the reasonable approval of
            Licensor; and (ii) each sub-agent shall be bound by all of the terms
            of this Agreement.

      (b)   Territory: The rights granted hereunder to Licensee will be
            effective worldwide.

      (c)   Term: The term of the license granted herein will commence on the
            date first set forth above and will continue for a period of twenty
            (20) years thereafter ("Term"), unless sooner terminated in
            accordance with the terms hereof.

      (d)   Entertainment Production: For the purposes of this Agreement, an
            Entertainment Production shall mean a theatrical motion picture or
            television production based upon the License Property which may be
            produced and financed by an entity other than Licensor or Licensee.
            Licensor and Licensee shall mutually approve the terms of any
            license for an Entertainment Production ("Entertainment Production
            License"). Licensor and Licensee agree that the term of any
            Entertainment Production License may exceed the Term hereof. In such
            event, any revenue generated pursuant to such Entertainment
            Production License after the Term shall continue to be allocated in
            accordance with the terms of Paragraph 6A below. Licensee shall have
            the exclusive right during the Term to negotiate with third parties
            in connection with a possible Entertainment Production, provided
            that the terms of any Entertainment Production License shall be
            subject to the approval of Licensor, which approval shall not be
            unreasonably withheld. The preceding sentence shall not be deemed to
            authorize Licensor to directly enter into any Entertainment
            Production License or agree to any terms thereof without Licensee's
            prior written approval.

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      (e)   Notwithstanding anything to the contrary contained herein, Licensee
            hereby expressly acknowledges and agrees that no rights shall be
            deemed granted and this agreement shall be of no force or effect
            until Licensor is in receipt of the Initial Payment (as defined in
            Paragraph 6(a)(ii)(1) below).

3.    INTELLECTUAL PROPERTY RIGHTS

      (a)   Trademarks (and Service Marks): Licensee reserves the right in its
            discretion to adopt any name, names, or translations of names for or
            in connection with the Item or Licensed Property (hereinafter
            "Name"), or to change the Name as Licensee so elects. All
            translations of the Name shall be subject to Licensor's prior
            written approval, which shall not be, unreasonably withheld.
            Notwithstanding the creation of the Name, if any, by Licensee, the
            Name will be the exclusive property of Licensor during the term and
            subsequent to the expiration or termination of this Agreement. Any
            application for, or registration of, the Name subsequent to the date
            of this Agreement will be in the name of Licensor, who will be the
            sole owner thereof, except to the extent referenced above, and any
            such Name shall be deemed to be a Trademark for purposes hereof.

      (b)   Upon the mutual approval of Licensor and Licensee, Licensor shall
            file registrations (and extensions, if applicable) for Trademarks in
            each country for which Licensor and Licensee mutually determine,
            provided that (i) the costs of any such registrations, including
            attorneys' fees, shall be borne fifty percent (50%) by Licensee and
            fifty percent (50%) by Licensor; (ii) all such registrations shall
            be in the name of Licensor; and (iii) Licensee shall reimburse
            Licensor for its share of such costs immediately following
            Licensor's submission of documentation of such costs.

      (c)   Copyrights:

            (i)   All copyrights in the Item and any Extension Item designed by
                  Licensor will belong to Licensor. Licensee agrees to execute
                  any documents necessary for assignment of any copyrights in
                  accordance with the foregoing.

            (ii)  All copyrights in any Entertainment Production will belong to
                  the entity producing such Entertainment Production, including
                  Licensee in the event that Licensee is such Producer and such
                  third party shall be entitled to include appropriate copyright
                  notices on all products and packaging for any Entertainment
                  Production.

      (d)   Required Notices: The following shall be placed on all products and
            packaging (other than products and packaging for Entertainment
            Productions as set forth in Paragraph 3(c) above): "(c) (date)
            Morrison Entertainment Group, Inc. All rights reserved. Licensed by
            Peak Entertainment Ltd."

<PAGE>

4.    WARRANTY.

      (a)   Licensor warrants that, subject to Paragraph 4(e) below, it has such
            right, title and interest in and to the Licensed Property as to
            enable it to vest in Licensee. free from any liens or encumbrances
            or third party rights, the sole and exclusive right, privilege and
            license herein conveyed.

      (b)   Licensee warrants and represents that the rights granted herein have
            not been licensed to any other person or entity and that Licensor is
            the legal and beneficial owner of the Item. .

      (c)   To the best of Licensor's knowledge, the exercise by Licensee of the
            rights granted herein shall not infringe the rights of any third
            party; and

      (d)   Licensor has terminated the Previous License.

      (e)   Licensee hereby acknowledges knowledge of Licensor's action
            presently pending against Nintendo of America, Inc. [case no.
            00-3255] (the "Nintendo Claim").

5.    EXCLUSIVITY

      Reference is hereby made to the agreement (the "HBPI Agreement') dated
      August 6, 1991 between Licensor and Hanna-Barbera Productions, Inc.,
      ("HBPI") a copy of which is attached hereto and incorporated herein by
      this reference. Licensor and Licensee hereby expressly agree to be bound
      by, and comply with, the terms of Paragraph 4 of the HBPI Agreement.
      Licensor shall be solely responsible for all other obligations to HBPI as
      set forth in the HBPI Agreement including, but not limited to, the payment
      of any portion of Net Revenue to HBPI.

6.    TERMS OF PAYMENT.

      (a)   Rights Fee:

            (i)   Licensee agrees to pay Licensor a license fee (the "Fee") of
                  Five Hundred Thousand United States Dollars (US $500,000.00)
                  as a rights payment for the rights granted by Licensor herein.
                  The Fee shall not be deducted from, or otherwise reduce, the
                  sums payable to or retained by Licensor pursuant to Paragraph
                  6A below.

            (ii)  The Fee shall be payable in the following manner:

                  (I)   One Hundred Thousand United States Dollars (US $100,000)
                        (the "Initial Payment) shall be paid to Licensor by wire
                        transfer to Licensor's bank in the U.S. upon the earlier
                        of (1) March 31, 2002; or (2) the date upon which
                        Licensee receive funds pursuant to its short-term
                        funding or financing agreement.

<PAGE>

                  (II)  One Hundred Thousand United States Dollars (US $100,000)
                        less any portion of Net Revenue received by Licensor in
                        accordance with the last sentence of Paragraph 6A(c)(ii)
                        below and not previously deducted from payments due
                        Licensor hereunder, shall be paid to Licensor no later
                        than September 30, 2002;

                  (III) One Hundred Thousand United States Dollars (US $100,000)
                        less any portion of Net Revenue received by Licensor in
                        accordance with the last sentence of Paragraph 6A(c)(ii)
                        below and not previously deducted from payments due
                        Licensor hereunder. shall be paid to Licensor no later
                        than March 31, 2003;

                  (IV)  One Hundred Thousand United States Dollars (US
                        $100,000), less any portion of Net Revenue received by
                        Licensor in accordance with the last sentence of
                        Paragraph 6A(c)(ii) below and not previously deducted
                        from payments due Licensor hereunder, shall be paid to
                        Licensor no later than September 30, 2003;and

                  (V)   One Hundred Thousand United States Dollars (US
                        $100,000), less any portion of Net Revenue received by
                        Licensor in accordance with the last sentence of
                        Paragraph 6A(c)(ii) below and not previously deducted
                        from payments due Licensor hereunder, shall be paid to
                        Licensor no later than March 31, 2004;

      (b)   Intentionally omitted.

6A.   ALLOCATION OF REVENUE.

      (a)   For the purposes of this Agreement, "Net Revenue" shall mean one
            hundred percent (100%) of the gross revenue actually derived from
            the exploitation of the Licensed Property in any manner without
            deduction of any kind. For the avoidance of doubt, (i) no expenses
            shall be deducted from gross revenue prior to the calculation of Net
            Revenue; and (ii) no third party sub-agency commissions shall be
            deducted from gross revenue prior to the calculation of Net Revenue.

      (b)   Subject to Licensor's rights as set forth in the last sentence of
            Paragraph 6A(c)(ii) below, Licensee shall have the right to collect
            all Net Revenue derived from the exploitation of the Licensed
            Property, provided that so long as Licensor is the designated
            sub-agent in the U.S., Licensor shall have the right to collect Net
            Revenue derived from exploitation of the Licensed Property in the
            U.S. In the event, that Licensee fails to account to Licensor and
            pay Licensor's share of Net Revenue within the time period specified
            in Paragraph 6A(d) below, and Licensee subsequently fails to provide
            such accounting and payment within seven (7) days following receipt
            of written notice from Licensor specifying such failure, Licensor
            shall thereafter instruct all third party licensees to pay
            Licensor's share of Net Revenue directly to Licensor. Licensee shall
            execute any documents reasonably requested by Licensor to effectuate
            Licensor's rights as set forth in the preceding sentence. In the
            event that, Licensee fails to execute any such document, Licensee
            hereby irrevocable appoints Licensor (which appointment shall be
            coupled with an interest) as Licensee's attorney-in-fact to execute
            any such document in Licensee's name and on Licensee's behalf. In
            connection with any subsequent license entered into by Licensee,
            such license shall specify that each party's share of Net Revenue
            shall be payable to such party, and further, Licensor and Licensee
            shall instruct each sub-agent, if applicable, to pay each party's
            share of Net Revenue directly to each party. Licensee shall have the
            exclusive right to enter into worldwide licenses with respect to the
            Licensed Property and collect all Net Revenue derived therefrom,
            subject to Licensor's possible right to receive its share of Net
            Revenue directly as set forth in this Paragraph. Notwithstanding
            anything to the contrary contained in this Paragraph 6A(b), Licensor
            shall have the right to collect or receive one hundred percent
            (100%) of Net Revenue until Licensor has received an amount equal to
            the Fee. Thereafter, Net Revenue shall be allocated in accordance
            with Paragraph 6(c) below.

<PAGE>

      (c)   Net Revenue shall be allocated in the following manner:

            (i)   With respect to Net Revenue generated from agreements for
                  exploitation of the Licensed Property in the U.K., Licensee
                  shall be entitled to retain therefrom a commission equal to
                  thirty-five percent (35%) of such Net Revenue. With respect to
                  Net Revenue generated from agreements for the exploitation of
                  the Licensed Property other than in the U.S. or the U.K.,
                  Licensee shall be entitled to retain therefrom a commission
                  equal to forty percent (40%) of such Net Revenue. With respect
                  to Net Revenue generated from agreements for exploitation of
                  the Licensed Property in the U.S., so long as Licensor is the
                  designated sub-agent in the U.S., Licensor shall be entitled
                  to retain therefrom a commission equal to forty percent (40%)
                  of such Net Revenue which shall be allocated thirty percent
                  (30%) to Licensor and ten percent (10%) to Licensee. For the
                  avoidance of doubt, any commission payable to third party
                  sub-agents with respect to Net Revenue generated outside of
                  the U.S. shall be payable solely by Licensee and shall not
                  affect Licensor's share of Net Revenue.

            (ii)  Any remaining Net Revenue shall be allocated in the following
                  manner: (I) fifty percent (50%) shall be paid to Licensor, and
                  (II) fifty percent (50%) shall be paid to Shorrocks
                  ("Shorrocks Net Revenue Share"). Notwithstanding the
                  foregoing, until the aggregate of the payments to Licensor in
                  accordance with Paragraph 6(a)(ii) above and Shorrocks Net
                  Revenue Share equal the Fee, Shorrocks Net Revenue Share shall
                  be paid directly to, and retained by Licensor.

            (iii) The parties understand and agree that any portion of Net
                  Revenue retained by or paid to any funding or production
                  entity in connection with any Entertainment Production shall
                  reduce each party's share of Net Revenue equally. By way of
                  example only, if such third party is entitled to retain fifty
                  percent (50%) of such Net Revenue, the remaining Net Revenue
                  shall be allocated twenty-five percent (25%) to Licensor and
                  twenty-five percent (25%) to Shorrocks.

<PAGE>

      (d)   Each party (the "Accounting Party") shall provide the other party
            (the "Receiving Party") with an accounting statement setting forth
            in reasonable detail all Net Revenue derived from the Licensed
            Property and authorized deductions therefrom within seven (7) days
            following the receipt by the Accounting Party of Net Revenue which
            shall be accompanied by the Receiving Party's share of Net Revenue
            payable for the applicable period covered by the accounting
            statement pursuant to which such Net Revenue is generated. After
            Licensor has received an amount equal to the Fee, and solely with
            respect to Net Revenue other than Net Revenue generated pursuant to
            the Master Toy License (as such term is customarily defined in the
            toy industry) with respect to the Licensed Property in each country
            of the Territory, Licensee shall provide Licensor with a quarterly
            accountant statement therefore together with Licensor's share of Net
            Revenue within forty-five (45) days following the last day of each
            quarterly accounting period. Each such statement shall be deemed
            final binding upon Receiving Party unless the Receiving Party
            provides written notice to the Accounting Party setting forth the
            Receiving Party's specific objections thereto within two (2) years
            after such statement is rendered. The Receiving Party shall not have
            the right to maintain any legal action with respect to any such
            statement unless such objection is timely filed and such legal
            action is commenced in a court of competent jurisdiction within two
            and one-half (2 1/2) years after the applicable accounting statement
            is rendered. Upon at least thirty (30) days prior written notice, an
            accountant on the Receiving Party's behalf shall have the right, at
            the Receiving Party's expense, to examine in the Accounting Party's
            offices the Accounting Party's books and records pertaining the
            Licensed Property. Such examination may be conducted only once
            annually, only once with respect to each accounting statement and
            within two (2) years after such statement is rendered.

      (e)   Each party hereto shall furnish the other party with complete copies
            of all agreements concerning the Licensed Property including, but
            not limited to, licensing agreements and sub-agency agreements. Such
            agreements shall be provided upon the complete execution thereof.

      (f)   For the avoidance of doubt, all Net Revenue received from any
            licensing agreement or other agreement entered into during the Term
            including, but not limited to, an Entertainment Production License,
            shall continue to be allocated between the parties as set forth in
            this Paragraph 6A regardless of whether such Net Revenue is received
            during or after the Term.

7.    OFFENSIVE LITIGATION.

      (a)   Licensor shall have the sole right, at its discretion, to institute
            or prosecute any action or proceeding against third parties for or
            by reason of any unlawful infringement of any Trademark or the
            Licensed Property initially arising prior to the commencement of the
            Term including, but not limited to, the Nintendo Claim ("Prior
            Claim(s)"). Any Prior Claim shall be instituted, maintained and
            prosecuted solely at the cost and expense of Licensor, and any and
            all sums collected or recovered with respect to any Prior Claim,
            whether by decree, judgment, settlement or otherwise, shall belong
            exclusively to Licensor.

<PAGE>

      (b)   Licensor will have the right, in its sole discretion, to institute
            or prosecute any action or proceeding against third parties for or
            by reason of any unlawful infringing of any Trademark or Licensed
            Property (collectively, 'Third Party Infringement"); provided,
            however, that any suit or suits will be instituted, maintained or
            prosecuted solely at the cost and expense of Licensor, and any and
            all sums collected or recovered in any such suit or suits, whether
            by decree, judgment, settlement or otherwise, belong exclusively to
            Licensor. Upon the request of Licensor, Licensee will execute all
            papers, testify on all matters and otherwise cooperate in every way
            necessary and desirable for the prosecution of any such suits,
            actions or proceedings including appearing as a party plaintiff if
            requested by the Licensor. Licensor will reimburse Licensee for the
            reasonable out-of-pocket expenses incurred as a result of such
            cooperation. Licensor will promptly notify Licensee of the
            institution of any action or proceeding against third parties for or
            by reason of any such unlawful infringements.

      (c)   If Licensee provides Licensor with written notice of any Third Party
            Infringement and within sixty (60) days following Licensor's receipt
            of such notice Licensor fails to advise Licensee in writing that
            Licensor will institute or prosecute an action or proceeding with
            respect to such Third Party Infringement, Licensee may do so at
            Licensee's own expense, provided that Licensee may not prosecute any
            action with respect to any Prior Claim or in connection with any
            Pokemon or Pocket Monsters trademark or product. Licensor will
            cooperate in every way necessary and desirable for the prosecution
            of any such suits, actions or proceedings, provided that Licensee
            shall reimburse Licensor for all out-of-pocket expenses reasonably
            incurred by Licensee in connection therewith. Any sums recovered in
            such action by Licensee will belong exclusively to Licensee.

8.    INDEMNIFICATION INSURANCE.

      (a)   Licensor agrees to indemnify, defend and hold Licensee, its
            subsidiary, affiliated and/or controlled companies, and all
            sublicenses, as well as their respective-officers, directors, agents
            and employees harmless from and against any and all damage, loss,
            expense award, settlement or other obligation arising out of any
            claims, demands, actions, suits or prosecutions that may be made or
            instituted against them or any of them by reason of any breach of
            Licensor's warranties, representations, obligations and agreements
            under this Agreement including, but not limited to, any claim or
            counter-claim against them arising out of the Nintendo Claim
            ("Controversy"). Licensor may participate in any such Controversy
            and may, at its expense, be represented by its own counsel. Licensor
            shall be consulted on all material aspects of Licensee's conduct of
            the disposition of any such Controversy, and Licensee shall not
            settle any such claim affecting Licensor's rights hereunder with
            respect to the Licensed Property without Licensor's prior written
            consent not to be unreasonably withheld.

<PAGE>

      (b)   Licensee agrees to indemnify, defend and hold Licensor, its owners,
            officers, directors, employees, and agents harmless from and against
            any and all damage, loss, expense, award, settlement or other
            obligation arising out of (i) any claims of personal injury or
            property damage based on the use of the Licensed Property in
            association with products produced and sold by Licensee and/or its
            subsidiary, affiliated and controlled companies and/or its
            successors. licensees and sub-distributors; (ii) any breach of
            Licensee's representations, warranties, obligations and/or
            agreements hereunder; and/or (iii) any third party claim with
            respect to the exercise by Licensee of any rights in the Licensed
            Product. any Trademark and/or any Item or any exploitation of the
            foregoing unless such claim results directly from a breach of
            Licensor's warranties hereunder, provided that Licensor has given
            Licensee prompt written notice of any such claims.

      (c)   During the Term hereof and for a period of one (1) year thereafter,
            Licensee shall maintain and shall cause each of its sub-licensees to
            maintain, product liability insurance with a commercially reasonable
            insurance carrier in an amount of U.S. One Million Dollars (U.S.
            $1,000,000 per occurrence and U.S. Two Million Dollars ($2,000,000)
            in the aggregate and which shall include Licensor as an additional
            insured. Each policy shall require thirty (30) days written notice
            from the insurance carrier prior to the modification, cancellation
            or termination of the policy. Within thirty (30) days following the
            date of this Agreement (or thirty [30] days following the execution
            of a licensing agreement between Licensee and its subilicensee(s)],
            Licensee shall provide Licensor with a certificate of insurance
            evidencing the foregoing coverage.

9.    TERMINATION/SPECIFIC PERFORMANCE.

      (a)   In case either 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. In the event
            that Licensor terminates the Agreement in accordance with this
            Paragraph, Licensor shall have the right to retain that portion of
            the Fee paid by Licensee prior to such termination which shall be in
            additional to any other rights and/or remedies available to
            Licensor.

      (b)   Any termination under this Paragraph 9 will be without prejudice to
            the rights and remedies of either party with respect to any
            provisions or covenants arising out of breaches committed prior to
            such termination. All rights, privileges, and licenses granted to
            Licensee hereunder concerning the Licensed Property shall forthwith
            revert to Licensor, and Licensee and its sublicensees shall
            forthwith cease the manufacturing of Licensed Products; provided,
            however, that if the termination or expiration is for any reason
            other than default, Licensee shall have the right to sell, on a
            non-exclusive basis, all Licensed Products in inventory, whether
            completed or in the process of manufacture, for a period of one
            hundred eighty (180) days after termination or expiration. Licensee
            shall, prior to disposing of such unsold Licensed Products, give
            Licensor an itemized statement of all such unsold Licensed Products.
            Such post termination sales of Licensed Products shall be subject to
            the terms of this Agreement. Upon request by Licensor, and at no
            cost or expense to Licensor, Licensee shall forthwith execute,
            acknowledge and deliver any and all documents as may be necessary or
            proper to effectuate the foregoing reversion and to assign to
            Licensor any and all rights which Licensee has or may have under any
            copyrights or Trademarks (or any applications pending therefore)
            concerning any Licensed Property. Licensee shall assign and deliver
            to Licensor all models, drawings, and other confidential and
            proprietary information for the Licensed Property delivered by
            Licensor and Licensee.

<PAGE>

      (c)   In the event that Licensee fails to timely pay the Fee in accordance
            with the schedule set forth in Paragraph 6(a)(ii) above within sixty
            (60) days following written notice to Licensee advising Licensee of
            such failure, Licensor shall have the right to (i) accelerate the
            payment schedule for the Fee such that all outstanding payment of
            the Fee become immediately payable to Licensor notwithstanding the
            payment schedule set forth in Paragraph 6(a)(ii); and (ii) seek
            specific performance of Licensee's obligations to pay the entire
            balance of the Fee in a court having jurisdiction thereof in
            accordance with Paragraph 13 below. Such election by Licensor shall
            not result in a waiver of any of Licensor's other rights and/or
            remedies against Licensee as a result of the timely failure to pay
            the Fee including, but not limited to, Licensor's right to terminate
            this Agreement in accordance with Paragraph 9(a) above.

      10. REPRESENTATION. It is expressly agreed that neither party is the legal
representative of the other party and has no authority, expressed or implied, on
behalf of the other party to bind such other party or to pledge its 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.
The relationship between the parties hereto is that OF licensor and licensee,
and it is not the purpose or intention of this Agreement or the parties hereto
to create, nor is this Agreement to be construed as creating a partnership,
joint venture, master-servant, principal-agent or other relationship for any
purpose whatsoever. Neither party may be held liable for the acts either of
omission or commission of the other party, and neither party is authorized to or
has the power to obligate or bind the other party 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 Licensor 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 Licensee, its parent, subsidiaries, and/or affiliates
except as expressly set forth herein to the contrary.

11.   FORCE MAJEURE. It is understood and agreed that, in the event of an act of
      the government war conditions, fire, flood or other natural disaster, or
      labor or manufacturing problems which prevent the performance by Licensee
      of the provisions of this Agreement, such nonperformance by Licensee will
      not be considered a breach of this Agreement, and such nonperformance will
      be excused while, but not longer than, the conditions described herein
      prevail.

12.   NOTICES. All notices, whenever required in this Agreement, will be in
      writing and sent by certified mail, return receipt requested (or such
      other methods as permits the verification of delivery) to the following
      addresses:

<PAGE>

                  TO LICENSOR:  Morrison Entertainment Group, Inc.
                                1334 Parkview Ave., Suite 300
                                Manhattan Beach, CA 90266
                                Attn: Mr. Joe Morrison

                  TO LICENSEE:  Peak Entertainment Ltd.
                                Holme Hall, Holme Lane
                                Bakewell, Derbyshire
                                DE45 IGF, England

13.   CONTROLLING LAW/ATTORNEYS' FEES.

      (a)   This Agreement will be governed by and construed in accordance with
            the laws of the State of California, United States of America. The
            parties agree that jurisdiction and venue of any claims arising
            under or related to this Agreement shall be exclusive in Los Angeles
            County, California. Licensor and Licensee expressly submit to
            jurisdiction and venue in Los Angeles County, California. In
            addition, Licensee agrees that any judgment obtained in any court in
            the United States shall be valid and enforceable against Licensee in
            the United Kingdom and that Licensee shall not contest the validity
            or enforcement of such judgment based on the fact that such judgment
            was signed or rendered by a court in the United States. Licensee
            hereby appoints the Secretary of State for the State of California
            as its agent for service of process and to accept such service of
            process on behalf of Licensee in connection with any dispute arising
            under or relating to this Agreement.

      (b)   In the event of litigation arising out of this Agreement, the
            parties rights or obligations hereunder or the relationship of the
            parties created thereby, the prevailing party shall be entitled to
            recover any and all reasonable attorneys' fees and other court costs
            incurred in connection with such litigation. In the event that
            Licensor seeks specific performance with respect to payment of the
            Fee as set forth in Paragraph 9(c) above, Licensor shall also have
            the right to receive interest on that portion of the Fee due and
            payable in accordance with such claim at the rate of one and
            one-half percent (1.5%) per month commencement on the date such
            payment is due through the date such payment is actually paid to
            Licensor.

14.   ASSIGNMENT. Licensee will have the right to extend the license granted
      herein any subsidiary, affiliated or controlled company and to sublicencee
      any of the rights granted herein. Licensee will have the right to assign
      this Agreement upon receiving Licensor's prior written consent which
      Licensor may withhold in its sole discretion. The benefits of this
      Agreement will inure to the benefit of the heirs and legal representatives
      of Licensor, who will be liable hereunder. Licensor may assign Licensor's
      right under this Agreement to any person or entity as Licensor shall
      determine in its sole discretion. This Agreement shall be binding upon and
      shall inure to the benefit of the parties hereto and their respective
      successors and permitted assignees and shall be binding upon any other
      assignees and sublicensees of Licensee.

<PAGE>

15.   ENTIRE AGREEMENT. This Agreement shall be deemed and construed to contain
      all of the agreements and understandings binding upon the respective
      parties hereto, and no representations, whether oral or written, with such
      respect to its subject matter heretofore made by either party hereto, its
      agents, representatives or privies will be binding upon them or either of
      them and said Agreement may be modified only by the written mutual
      agreement of the parties.

16.   HEADINGS. The paragraph and other headings in this Agreement are for
      reference purposes only and will not affect the meaning or interpretation
      of this Agreement.

17.   NON-DISCLOSURE. Notwithstanding anything herein to the contrary. it is
      hereby agreed that Licensor shall not disclose any terms of this Agreement
      to any third party either during or after the Term, other than (a) to
      Licensor's representatives, attorneys, and/or agents under an obligation
      of strict confidentiality with the purpose of enforcing Licensor's rights
      hereunder; or (b) by court order.

18.   NO WAIVER. No waiver, by either party, whether express or implied, of any
      provision or promise under this Agreement, or of a remedy as to any breach
      or default of the other party, shall constitute a waiver of any other
      provision of this Agreement, and no such waiver by either party shall
      prevent such party from enforcing any provision of this Agreement or from
      seeking a remedy as to any subsequent breach or default.

19.   CONTROL. Licensor shall have the right to control the nature and quality
      of each Licensed Product, as well as the packaging, display, promotional
      and advertising materials. Licensor agrees that such rights shall be
      exercised reasonably.

20.   APPROVAL PROCESS. A copy or sample of each material proposed by Licensee
      to utilize any Trademark, including Licensed Products, as well as labels,
      packaging, advertising materials and Licensee-created artwork shall be
      submitted to Licensor, without cost, for approval promptly after creation
      and prior to production. Any such proposed material submitted to Licensor
      and not disapproved within three (3) days of its guaranteed receipt, shall
      be deemed to be approved, and Licensee shall not depart therefrom in any
      material respect without Licensor's written consent, provided, however,
      that Licensor may withdraw its approval of any approved copy or sample if
      the same is deemed to violate the rights of third parties and or
      contravene any rule, regulation, or ordinance, statute, law or court order
      effective within the Territory.

21.   PRODUCTION SAMPLES. Licensee shall provide to Licensor at Licensee's
      expense and prior to sale or distribution, four (4) approved production
      specimens of each Licensed Product embodying or bearing a different name.

22.   CONFORMITY TO LAW. Licensee shall manufacture, have manufactured, package,
      label, sell, distribute, advertise and promote Licensed Products in strict
      conformity with all applicable national, federal. state, provincial and
      local laws and regulations.

23.   SEVERABILITY. Should any provision of this Agreement or the application
      thereof, to any extent, be held invalid or unenforceable, the remainder of
      this Agreement and the application thereof, other than those provisions
      held invalid or enforceable, shall not be affected thereby and shall
      continue to be valid and enforceable to the fullest extent permitted by
      law or equity.

<PAGE>

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

MORRISON ENTERTAINMENT GROUP, INC.

By:      /s/ John Weems
         --------------------------------
         John Weems

Title:   V.P.
         --------------------------------

By:      /s/ Joe Morrison
         --------------------------------
         Joe Morrison

Title:   Chairman
         --------------------------------

Peak Entertainment Ltd

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

Title:   Commercial Director
         --------------------------------

/s/ Paula Shorrocks
--------------------------------
Paula Shorrocks

/s/ Wilf Shorrocks
--------------------------------
Wilf Shorrocks
CEOEXHIBIT 10.8

                                LICENSE AGREEMENT

                                     Between

                          JESCO IMPORTS, INC., LICENSOR

                                       And

                            PEAK ENTERTAINMENT L.L.C.

                             D.B.A. CAME0 ,LICENSEE

<PAGE>

                                LICENSE AGREEMENT

         THIS AGREEMENT made this 1st day of June 2002, between JESCO IMPORTS,
INC., a California corporation, having an office at 923 South Myrtle Avenue,
Monrovia, California 91016, USA. (hereinafter called "Licensor"); and PEAK
ENTERTAINMENT L.L.C. dba CAMEO having an office at 111 West Maple Avenue,
Monrovia, California 91016, USA, a Delaware Corporation (hereinafter called
"Licensee");

         WHEREAS, Licensor has entered into an exclusive License Agreement with
Rita Abraham, 1160 Park Avenue, New York, New York 10128, USA, whereby Licensor
acquired, among other things, the exclusive license to exploit commercially
throughout the world all products sold in conjunction with certain KEWPIE(R)
properties (including trademark and copyright rights in the name and likeness of
the KEWPIE(R) characters i.e. Scootles, Doodle Dog, the Thinker, and Kewpie(R)
Gal), which are, to the extent a part of this Agreement, set forth in Schedule
"A" hereto which is incorporated fully by reference (hereinafter called the
"Proprietary Rights");

         WHEREAS, Licensee is a manufacturer and distributor of:

         COLLECTOR MARKET: quality vinyl or porcelain Kewpie(R)related
characters in collector and limited editions;

         THE SPECIALTY DOLL MARKET: non-mass market quality vinyl and soft body
Kewpie(R)dolls and related Kewpie(R) characters;

         FOR THE GIFT MARKET: non-articulated Kewpie(R)doll figurines and
Kewpie(R)related characters to be made of Porcelain, ceramic or resin materials.

<PAGE>

         NOW, THEREFORE, in consideration of the mutual promises hereinafter
contained, and for other consideration, the receipt and sufficiency of which is
hereby acknowledged by the parties, it is agreed as follows:

         1.       GRANT OF LICENSE.

                  1.1 ARTICLES EXCLUSIVELY LICENSED. Licensor hereby grants to
Licensee and Licensee hereby accepts the right to use the Proprietary Rights
solely in connection with the manufacture, importation, exportation,
distribution and sale of the following products:

           COLLECTOR MARKET: Quality Porcelain or Vinyl KEWPIE(R)Dolls
                 and KEWPIE(R) Related Characters i.e. Scootles,
                      Doodle Dog, Thinker and Kewpie(R) Gal
                        in Collector and Limited Edition;

        THE SPECIALTY DOLL MARKET: Non-Mass Market Quality Vinyl and Soft
             Body Kewpie(R) Dolls and Related Kewpie(R) Characters,
              i.e. Scootles, Doodle Dog, Thinker and Kewpie(R) Gal;

          FOR THE GIFT MARKET: Non-Articulated KEWPIE(R)Doll Figurines
           and Kewpie(R) Related Characters i.e. Scootles, Doodle Dog,
                     Thinker and Kewpie(R) Gal. Dioramas and
                 Environments With or Without Bases, Backgrounds
              and/or Accessories are Included. Articles to be Made
                   of Porcelain, Ceramic, or Resin Materials;

<PAGE>

The Licensed Collector Market and Specialty Doll Market Product to be of a Size
of not Less Than 6 Inches With a Minimum Wholesale Selling Price of $6.50 Each.

(hereinafter called the "Licensed Articles"). Licensor agrees that this license
is exclusive as to these Licensed Articles, subject to the provisions of
paragraph 14.1 below. Licensee's exclusive Licensed Articles are for
distribution to all or any non-mass market outlet that offers to their customers
collector limited edition specialty market quality porcelain or vinyl dolls. The
Gift Market accounts and The Cameo Collector Doll Club Membership are included.
Collector and limited edition dolls and gift departments within mass market
accounts are negotiable (i.e. TRU Collector Gallery). Licensee hereby agrees
that Licensor has the right to distribute KEWPIE(R) doll product through a mass
market manufacturer and must inform Licensee of its intention. In addition,
Licensee is aware of and agrees to current distribution to the Collector Direct
Response Market, i.e. The Danbury Mint, Bradford, Dollmasters, etcetera.
Licensee agrees that Licensor shall have the right to continue service to these
markets by renewing existing contracts or replacement contracts. Coverage in
these markets is and will be limited to one supplier in each area.

                  1.2 DATES OF INTRODUCTION. The doll Licensed Articles will be
introduced into Licensee's line according to the following timetable: for the
year 2002; no later than August 1st. For years 2003, 2004, and 2005 product will
be presented no later than the annual opening date of the International New York
Toy Show. For the gift market: January lst of 2003, 2004, 2005.

<PAGE>

                  1.3 TERRITORY. The License hereby granted is worldwide.
Product distribution in the U.K., European Community countries, Hong Kong, and
Canada by 2005 required for renewal of worldwide clause.

                  1.4 TERM. The License hereby granted shall be effective as of
the date entered in the preamble above, and shall terminate on the close of
business on the 31st day of December, 2005 unless sooner terminated in whole or
in part in accordance with the provisions hereof. Thereafter, the Term of this
License may be successively renewed in whole or in part (for two year renewal
periods, provided Licensee has paid to Licensor during the immediately preceding
term at least US$100,000.00 Royalty Fees. Licensee shall submit a written notice
of renewal election to be received by Licensor not less than sixty (60) days,
nor more than ninety (90) days, prior to the expiration date, (Hereinafter, the
phrase "Term of this Agreement" shall include the original term plus any and all
renewal periods).

                  1.5 NO SUBLICENSING; BUT MANUFACTURING BY OTHERS. Licensee
shall have no right to grant sublicenses under this Agreement except that it may
obtain manufacture of the Licensed Articles from a third party approved by
Licensor, which approval shall not be unreasonbly withheld. Licensee shall use
its best efforts to insure that the third party manufacturer manufactures
Licensed Articles only for Licensee.

         2.       TERMS OF PAYMENT.

                  2.1. ROYALTY. Licensee will pay to Licensor the sum of Ten
percent (10%) of "net sales" on all Licensed Articles sold----except the Cameo
Collector Doll Club which is 5%. The term "net sales" shall mean gross sales
less discounts actually given (not to exceed 2% in any reporting period) and
returns (not to exceed 5% in any reporting period). No cost incurred in the
manufacture, sale, distribution, or exploitation of the Licensed Articles shall
be deducted from any royalty payable by Licensee. In the event Licensed Articles
are distributed (as opposed to sold) by Licensee or any of its affiliated,
associated or subsidiary companies and the Licensed Articles are then sold by
the distributee, or in the event any sale is made at a special price to any of
Licensee's affiliated, associated or subsidiary companies or to any other
person, firm or corporation related in any manner to Licensee or its officers,
directors or major stockholders, a royalty based upon the usual selling price to
the trade or industry for such Licensed Articles will be paid

<PAGE>

                  2.2 ADVANCED ROYALTIES., Licensee and Licensor agreed to no
advance Royalty payment in favor of the 10% royalty rate.

                  2.3 MINIMUM ROYALTIES. Licensee and Licensor agree there is a
guaranteed minimun royalty amount of US$100,000.00 required.

                  2.4 PERIODIC STATEMENTS. During the term of this Agreement,
and for one year thereafter, Licensee shall furnish to Licensor on the 15th day
of March, May, July, September, November and January a complete and accurate
statement, certified to be complete and accurate by Licensee, showing the
number, description, gross sales price, itemized deductions from gross sales
price, net sales price, and returns of the Licensed Articles distributed and/or
sold by Licensee or any of its affiliated, associated or subsidiary companies
during the preceding calendar quarter. If no Licensed Articles have been sold
during the preceding calendar quarter, Licensee shall submit a statement
certifying that fact to be true.

<PAGE>

                  2.5 ROYALLY PAYMENTS. Royalties accrue on the date of sale of
the Licensed Article. Royalties shall be payable on the 15th day of the month
following the bimonthly period in which earned, and payment shall accompany the
statements furnished as required above in paragraph 2.4. The receipt or
acceptance by Licensor of any of the statements furnished pursuant to this
Agreement, or any of the royalties paid hereunder, or the cashing of any royalty
checks paid hereunder shall not preclude Licensor from questioning the accuracy
thereof at any time. In the event any inconsistencies or mistakes are discovered
in such statements and/or payments, they shall immediately be rectified and the
appropriate payments made to Licensor. Payments shall be made in United States
dollars.

         3. LIMITATIONS ON GRANT OF LICENSE. Nothing in this Agreement shall be
construed to prevent Licensor from granting any other licenses for the use of
the Proprietary Rights or from utilizing same in any manner whatsoever, except
that Licensor agrees that it will grant no other licenses effective during the
term of this Agreement for the use in the Territory of the Proprietary Rights in
connection with the manufacture, sale and distribution of the Licensed Articles,
subject to the provisions of paragraph 14.1 below. Licensor specifically
reserves all rights not herein granted. It is clearly understood that the
Licensed Articles may not be sold by Licensee for use, or be used as premiums,
souvenir product, self-liquidators, containers (except as specifically licensed
hereunder) or for any secondary use without prior written consent of the
Licensor. As used herein, the term "premium" has its usual meaning in the
industry, which includes free or self-liquidating items offered to the public in
conjunction with the sale or promotion of some other product or service, or to
build customer flow or traffic, or otherwise to market something other than the
Licensed Article; the term "souvenir" means any product sold in conjunction with
some other event, entity, theme or place, such as for example, a movie,
carnival, amusement center, ice show, circus, convention, theme park or
professional team or group.

<PAGE>

         4. GOODWILL. Licensee recognizes the great value of the goodwill
associated with the Proprietary Rights and acknowledges that the Proprietary
Rights and all other rights therein and goodwill pertaining thereto belong
exclusively to Licensor (and/or Licensor's grantors) and that the Proprietary
Rights have a secondary meaning in the minds of the public.

         5. LICENSEE ESTOPPEL. Licensee agrees that it will not during the term
of this Agreement, or thereafter, attack the title or any right of Licensor or
Licensor's grantors in and to the Proprietary Rights, or attack the validity of
this Agreement.

         6. INTELLECTUAL PROPERTY RIGHTS.

                  6.1 BELONG TO LICENSOR. Licensee agrees to cooperate fully and
in good faith with Licensor for the purpose of securing and preserving
Licensor's (and Licensor's grantor's) rights in and to the Proprietary Rights.
It is agreed that, except for the License granted herein which shall be strictly
construed, nothing contained in this Agreement shall be considered or
interpreted to be an assignment or grant to Licensee of any right, title or
interest in or to the Proprietary Rights, it being understood that all rights
relating thereto are reserved by Licensor. Licensee hereby agrees that at the
termination or expiration of this Agreement, Licensee will be deemed to have
assigned, transferred and conveyed to Licensor any trademark, trade dress or
copyright rights, equitable goodwill, titles or any rights to the Proprietary
Rights and Licensed Articles which may have been obtained by Licensee or which
may have vested in Licensee as a result of its licensed use of the Proprietary
Rights, and that Licensee will execute any instruments required by Licensor to
accomplish or confirm the foregoing. Any such assignment, transfer or conveyance
shall be without any consideration in addition to the mutual covenants and
considerations of this Agreement. Licensee hereby agrees that its every use of
the Proprietary Rights shall inure to the benefit of Licensor and that Licensee
shall not at any time acquire any rights in same by virtue of any such use.
Licensee will not attempt to register the Proprietary Rights or the Licensed
Articles in any country without the express written consent of Licensor.

<PAGE>

                  6.2 DOCUMENTS CERTIFYING USE. Licensee agrees to execute and
deliver to Licensor in such form as Licensor shall reasonably request any and
all documents which may be necessary to assist Licensor in recording or
certifying Licensee's use of any Proprietary Rights, it being understood and
agreed that Licensee's right to use same shall exist only during the term of
this Agreement.

                  6.3 PROTECTION OF RIGHTS; INFRINGEMENT SUITS. Licensee agrees
to assist Licensor (and Licensor's grantors) at Licensor's expense, to the
extent necessary in the procurement of any protection, whether statutory or
common law, or in protecting any of Licensor's or Licensor's grantors' rights in
the Proprietary Rights and the Licensed Articles. Licensor, if it so desires,
may commence or prosecute any claims or suits to protect same in its own name or
in the names of Licensee or may join Licensee as a party thereto if necessary or
requied by law. Licensee shall notify Licensor in writing of any infringement or
imitations by others of the Proprietary Rights on articles similar to the
Licensed Articles which may come to the Licensee and Licensor shall have the
sole right to determine whether or not any action shall be taken on account of
any such infringements or imitations, paying the costs thereof and keeping all
proceeds, Licensee shall not institute any suits or take any action on account
of any such infringements or imitations without first obtaining the written
consent of Licensor to do so.

<PAGE>

         7.       INDEMNIFICATION.

                  7.1 OF LICENSEE. Licensor hereby indemnifies Licensee and
undertakes to hold it harmless against any claims or suits arising solely out of
the use by Licensee of the Proprietary Rights as authorized in this Agreement,
provided that prompt notice is given to Licensor of any such claim or suit, and
provided further, that Licensor shall have the option to undertake and control
the defense or settlement of any suit so brought.

                  7.2 OF LICENSOR; PRODUCT LIABILITY INSURANCE. Licensee hereby
indemnifies Licensor and undertakes to defend Licensor and Licensor's grantors
against and hold them harmless from any and all claims, suits, loss and damage
(including reasonable attorneys' fees) arising out of any allegedly unauthorized
use of any patent, process, idea, method or device by Licensee or Licensee's
suppliers in connection with the Licensed Articles or arising out of alleged
defects in the Licensed Articles distributed or sold by Licensee, Licensee
agrees that it will obtain, at its expense, product liability insurance from a
recognized insurance company, providing adequate protection (at least in the
amount of US$1,000,000.00) for Licensee and Licensor against any claims, suits,
loss or damage (including reasonable attorneys' fees) arising out of any alleged
defects in the Licensed Articles distributed or sold by Licensee. As proof of
such insurance, a fully paid certificate of insurance naming Licensor as an
insured party will be submitted to Licensor by Licensee for Licensor's prior
approval before any Licensed Article is distributed or sold. Any proposed change
in the certificate of insurance shall be submitted to Licensor for its prior
approval. Licensor shall be entitled to a copy of the then prevailing
certificate of insurance which shall be furnished to Licensor by Licensee. As
used in this paragraph, the term "Licensor" shall also include the officers,
directors, agents and employees of Licensor and Licensor's grantor. The
certificate of Insurance required by this paragraph must be non-cancelable
except after due notice to Licensor.

<PAGE>

         8. U.S. CUSTOMS ASSISTANCE. Licensor will add Licensee's name to the
list on file with U.S. Customs of authorized importers, and will assist
Licensee, in the event products are nevertheless detained by Customs, in
obtaining prompt release of the goods.

         9.       MANUFACTURING CONTROLS AND INSPECTION.

                  9.1. QUALITY CONTROL AND COMPLIANCE WITH LAWS. Licensee
acknowledges that if the Licensed Articles manufactured and sold by it were of
inferior quality, design, material or workmanship, the substantial goodwill
which Licensor (or its grantor) have built up and now possess in the Proprietary
Rights would be impaired. Accordingly, it is an essential condition of this
Agreement, and Licensee hereby agrees, that the Licensed Articles shall be of
high standard and of such quality, style and appearance as shall in the judgment
of the Licensor be reasonably required for the protection and enhancement of the
Proprietary Rights. Licensee further agrees that the Licensed Articles will be
manufactured, sold and distributed in accordance with all applicable federal,
state, and local laws and regulations and that Licensee shall not engage in
conduct relating to the manufacture, sale and distribution of the Licensed
Articles which would adversely affect or reflect upon the good name Licensor,
Licensor's grantor or the goodwill associated with the Proprietary Rights.

<PAGE>

                  9.2 SAMPLES AND APPROVAL. Licensee shall submit to Licensor,
for the express written approval of Licensor prior to each stage of manufacture,
distribution and sale thereof, all prototypes, in all stages of development, of
each of the Licensed Articles and of all art work, literary text, instructions,
cartons, containers, packing and wrapping materials, tags, labels and all other
materials used in connection with the Licensed Articles, and all advertising,
promotional and display material for the Licensed Articles to be issued by or
under the direct or indirect control of Licensee. Such approval may be granted
or withheld as Licensor in its sole discretion may determine. All such
prototypes and materials shall be sent to Licensor by means permitting
certification of receipt. Failure by Licensor to approve in writing of such
prototypes or materials within 14 days from the date of submission thereof to
Licensor shall be deemed disapproval thereof. In no event shall Licensee exploit
or use, in any manner or for any purpose any prototypes or materials not
previously approved in writing by Licensor. After prototypes and materials have
been approved pursuant to this paragraph, Licensee shall not depart therefrom
without the prior written approval of Licensor.

                  9.3 SAMPLES. Upon the commencement of distribution of each
type, class or category of Licensed Articles, Licensee shall furnish and ship
free of charge, four (4) samples of such Licensed Articles, including all
packaging materials, and samples of all advertising, promotional and display
materials involving or related to such Licensed Article, to Licensor.

<PAGE>

                  9.4 INSPECTION OF PREMISES. In order that Licensor may be
assured that the provisions of this Agreement are being observed, upon
reasonable notice, Licensee will provide to duly authorized representatives of
Licensor access to the premises of Licensee (or shall arrange for access to
Licensee's manufacturer or supplier of any of the Licensed Articles or wherever
the Licensed Articles and/or any components thereof are manufactured, held,
packaged, labeled and/or shipped), at any reasonable time, to inspect the raw
materials, ingredients, processes and manufacturing facilities used in
production of the Licensed Articles. No prior notice by Licensor to Licensee is
required for Licensor to gain such access. Licensee further agrees to provide
Licensor with such information as it may request from time to time to determine
whether the Licensed Articles are manufactured, held, packaged, labeled and
shipped in full compliance herewith.

         10. LABELING. Licensee agrees that it will reasonably permanently affix
to each Licensed Article sold by Licensee under this Agreement and to each
container, packaging, advertising, catalogue display or other promotional or
display material upon which any of the Proprietary Rights appears, the notice(s)
as set forth in Schedule "B" (which is incorporated fully by reference), or any
other or further notice as specified by Licensor from time to time. Licensee
shall submit to Licensor, at no cost to Licensor, all such materials prior to
their dissemination by Licensee to the public, for Licensors prior written
approval.

         11.      PROMOTION AND PROMOTIONAL MATERIAL.

                  11.1 BEST EFFORTS BY LICENSEE. Licensee shall promote the sale
of the Licensed Articles through print advertising (Company Catalog is
acceptable) to the trade commencing in the Spring of 2003. A trade catalogue or
similar sales effort is acceptable.

<PAGE>

                  11.2 LICENSOR CAN PUBLISH FACT OF THIS AGREEMENT. Licensor
shall have the right, but shall not be under any obligation, to use and publish
the fact of this Agreement so as to give the Proprietary Rights full and
favorable prominence and publicity, Licensor shall not be under any obligation
to engage in any promotional activity.

                  11.3 LICENSOR'S APPROVAL OF PROMOTIONAL MATERIAL. See
provisions of paragraphs 9.2 and 9.3 above.

         12.      DISTRIBUTION.

                  12.1 BEST EFFORTS BY LICENSEE. Licensee agrees that during the
term of this Agreement it will diligently and continuously offer for sale and
distribute the Licensed Articles.

                  12.2 COMPETITIVE PRICES; NOT AS PREMIUM OR GIVE-AWAY.

                  Licensee agrees that it will sell and distribute the Licensed
Articles outright at a competitive price and only through catalogue sales
directly to consumers, or to jobbers, wholesalers and distributors for sale and
distribution to retail stores and merchants, and to retail stores and merchants
for sale and distribution directly to the public. Licensee shall not, without
prior written consent of Licensor, sell or distribute the Licensed Articles to
jobbers, wholesalers, distributors, retail stores or merchants whose sales or
distribution are or will be made for publicity or promotional tie-in purposes,
combination sales, premiums, giveaways, or similar methods of merchandising.

<PAGE>

                  12.3 NO EXCLUSIVITY TO ANY PURCHASER; NO TIE-IN SALES.
Licensee will not grant exclusivity to any purchaser without the written consent
of Licensor. In addition, Licensee shall not tie the purchase of any other
product to the purchase of a Licensed Article (that is, a customer who wishes to
purchase a Licensed Article shall not be required, as a condition of that sale,
to purchase another non-Licensed Article), except that "assortment' sales in the
normal course of Licensee's business can be made.

                  13. RECORDS. Licensee agrees to keep accurate books of account
covering all transactions relating to this Agreement. Licensor, and/or its duly
authorized representatives, shall have the right at reasonable hours of the day
upon reasonable notice, but not more than once in any calendar year, to conduct
an examination of said books of account, and of all other documents and material
in the possession and control of the Licensee relating to this Agreement.
Licensee shall provide Licensor with free and full access to them for said
purpose and for the purpose of making extracts therefrom. All such books of
accounts shall be kept available for at least three (3) years after the
termination of this Agreement.

         14.      TERMINATION.

                  14.1 FOR FAILURE TO INTRODUCE PRODUCT. If Licensee does not
introduce and sell products in good faith commercial quantities according to the
timetable set forth in paragraph 1.2 above, or if at any time thereafter
Licensee fails to offer for sale any of the Licensed Articles, Licensor, in
addition to all other remedies available to it hereunder of pursuant to law or
equity, may terminate this Agreement. Such termination shall be effective upon
the mailing of notice of termination to Licensee.

<PAGE>

                  14.2 FOR FILING OF BANKRUPTCY. If Licensee files a petition in
bankruptcy or is adjudicated a bankrupt or if a petition in bankruptcy is filed
against Licensee, or if it becomes insolvent, or makes an assignment for the
benefit of its creditors or an arrangement pursuant to any bankruptcy law, or if
Licensee discontinues its business or if a receiver is appointed for it or its
business, this Agreement shall automatically terminate forthwith without any
notice whatsoever being necessary. In the event this Agreement is so terminated,
Licensee, its receivers, representatives, trustees, agents, administrators,
successors and/or assigns shall have no right to sell, exploit or in any way
deal with or in any Licensed Article or any carton, container, packing, or
wrapping material, advertising, promotional or display material pertaining
thereto, except with and under the special consent and instructions of Licensor,
in writing, which instructions shall become a part of this Agreement.

                  14.3 FOR OTHER MATERIAL BREACH. If Licensee shall violate any
of its other obligations under the terms of this Agreement, Licensor shall have
the right to terminate this Agreement upon ten (10) days' notice in writing, and
such notice of termination shall become effective upon the close of business on
the tenth (10th) day after mailing unless Licensee shall completely remedy the
violation within that ten (10) day period and satisfy Licensor that such
violation has been remedied.

                  14.4 RESERVATION OF OTHER RIGHTS; ROYALTIES BECOME DUE AND
PAYABLE. Termination of the Agreement under the provisions of this paragraph
shall be without prejudice to any rights which Licensor may otherwise have
against Licensee. Upon the termination of this Agreement, notwithstanding
anything to the contrary and in addition to any other rights and remedies
Licensor may have, all unpaid minimum royalties, and royalties for sales
theretofore made in excess of the minimum royalties shall become immediately due
and payable, but no minimum royalties or other royalties previously paid shall
be returnable, nor shall returns after termination be deducted from royalties.

<PAGE>

         15.      DISPOSAL OF STOCK UPON EXPIRATION.

                  15.1 STATEMENT OF INVENTORY. Within ten (10) days after the
expiration of this Agreement without renewal, a statement showing the number and
description of the Licensed Articles on hand or in the process of manufacture
shall be furnished by Licensee to Licensor. Licensor shall have the right to
take physical count of inventory to ascertain or verify such inventory, and
failure of Licensee to furnish such statement or refusal by Licensee to submit
to such physical count of inventory by Licensor shall forfeit Licensee's right
to dispose of such inventory as hereinafter provided. Licensor retains all other
legal and equitable rights which Licensor may have in those circumstances.

                  15.2 LIMITED DISPOSAL RIGHTS. After expiration of this
Agreement, Licensee, except as otherwise provided in this Agreement, may dispose
on a non-exclusive basis of the Licensed Articles which are on hand or actively
and routinely in the process of manufacture on the date of expiration, provided
that no such disposal shall be made more than sixty (60) days thereafter and
provided all royalties with respect to that period and for those sales or
dispositions are paid and statements are furnished for that period and those
sales in accordance with paragraph 2 of this Agreement. Notwithstanding anything
to the contrary herein, Licensee shall not manufacture, sell or dispose of any
Licensed Articles after termination of this Agreement. At Licensor's request,
Licensee shall provide a written statement of the number of Licensed Articles on
hand after termination, and shall provide access to Licensor to inspect same.
Such inventory shall be destroyed at the option of Licensor, who shall have the
right to be present at such destruction.

<PAGE>

         16. EFFECT OF TERMINATION OR EXPIRATION. Upon and after the expiration
or termination of this Agreement, all rights granted to Licensee hereunder shall
forthwith revert to Licensor, who shall be free to license others to use the
Proprietary Rights in connection with the manufacture, sale and distribution of
the Licensed Articles and Licensee will refrain from further use of the
Proprietary Rights or anything deemed by Licensor to be so similar thereto such
as to be an infringement thereof or to be likely to engender in the minds of the
consuming public confusion as to the source of such articles; nor shall Licensee
make any further reference to Proprietary Rights, directly or indirectly, in
connection with the manufacture, sale or distribution of Licensee's products,
except as provided in paragraph 15.

         17. RETURN OF MOLDS. Upon termination or expiration of this Agreement,
Licensee shall not in any way dispose of or transfer molds in its possession or
control for the Licensed Articles affected by the termination or expiration of
this Agreement. Molds created and paid for by Licensee shall be offered to
Licensor at Licensee's cost less depreciation due to usage. If Licensor is not
interested in purchasing the molds, the molds will be destroyed, with Licensor
having the right to witness their destruction. All molds loaned to Licensee by
Licensor shall be returned to Licensor or to a company designated by Licensor
free of any charges.

<PAGE>

         18. LICENSOR'S REMEDIES.

                  18.1 INJUNCTIVE RELIEF. Licensee acknowledges that its failure
(except as otherwise provided herein) to cease the manufacture, sale or
distribution of the Licensed Articles or any class or category thereof or
confusingly similar articles after the expiration or termination of this
Agreement, or termination as to any Licensed Article or class or category
thereof will result in immediate and irreparable damage to Licensor and to the
rights of any subsequent licensee. Licensee acknowledges and admits that there
is no adequate remedy at law for such failure to cease manufacture, sale or
distribution, and Licensee agrees in the event of such failure, Licensor shall
be entitled to equitable relief by way of temporary and permanent injunction and
such other further relief as any court with jurisdiction may deem just and
proper.

                  18.2 NO WAIVER-OF OTHER REMEDIES. Resort to any remedies
referred to herein shall not be construed as a waiver of any other rights and
remedies to which Licensor is entitled under this Agreement or otherwise.

        19. EXCUSE FOR NON-PERFORMANCE. Licensee shall be released from its
obligations hereunder and this Agreement shall be terminable at Licensor's
option in the event that governmental regulations or any other causes arising
out of a state of national emergency or war or causes beyond the control of the
parties render performance impossible and one party so informs the other party
of its desire to be released. In such events, all royalties and sales then made
shall become immediately payable and no minimum royalties previously paid shall
be returnable.

        20. NOTICES. All notices and statements to be given and all payments to
be made hereunder shall be given or made at the respective addresses of the
parties set forth above unless notification of a change of address is given in
writing. All such notices, statements, and payments shall be made by telex,
telegram, mailgram, certified or express mail, facsimile, or courier, and the
date of mailing shall be deemed the date the notice or statement was given or
the payment made. In addition, a courtesy copy of any notice to Licensor shall
be sent to Robert W. Dickerson, Esq., Jones, Day, Reavis & Pogue, 555 West Fifth
Street, Suite 4600, Los Angeles, CA 90013-1025, USA.

<PAGE>

        21. NO JOINT VENTURE. Nothing herein contained shall be construed to
place the parties in the relationship of partners or joint venturers and the
parties shall have no power to obligate or bind the other in any manner
whatsoever, nor shall they represent or hold themselves out to the publice as
having that power.

         22.      ASSISGNMENT.

                  22.1 PERSONAL TO LICENSEE. This Agreement and all rights and
duties hereunder are personal to Licensee and shall not be assigned, mortgaged,
sublicensed or otherwise encumbered by Licensee or by operation of law without
the express written consent of Licensor.

                  22.2 ASSIGNABLE BY LICENSOR. Licensor shall have the right to
assign, mortgage or otherwise encumber its rights or duties hereunder but such
act shall not be binding upon Licensee unless Licensee is sent written notice
thereof.

                  22.3 IF LICENSEE SOLD. In the event of the sale or transfer of
Licensee's business, or the controlling stock interest in Licensee's business
during the term of this Agreement, Licensor may, at its option, terminate this
Agreement, by giving thirty (30) days written notice of termination to Licensee.
Licensee may request, in conjunction with the sale or transfer of Licensee's
business or controlling stock interest in Licensee's business, that Licensor
approve the assignment of this Agreement to such transferee, which approval
shall not be unreasonably withheld.

<PAGE>

        23. EXCLUSIVITY STRICTLY CONSTRUED. The exclusivity granted hereunder
shall be strictly construed and limited to the precise articles which are
hereinabove described.

         24.      MISCELLANEOUS PROVISIONS.

                  24.1 NO WAIVER. None of the terms of this Agreement can be
waived or modified except in writing, signed by both parties. Failure of either
party to enforce or the delay by either party in enforcing any of its rights
under this Agreement shall not be deemed a continuing waiver or modification
thereof and either party, may, within the time provided by applicable law,
commence appropriate legal proceedings to enforce any and all such rights.

                  24.2 ENTIRE AGREEMENT. There are no representations, promises,
warranties, covenants or undertakings other than those contained in this
Agreement, which represents the entire understanding of the parties and is to be
deemed an integrated agreement, superseding any prior agreements.

                  24.3 GOVERNING LAW; NOT CONSTRUED AGAINST ANY PARTY. This
Agreement shall be construed and the relationships of the parties governed by
the laws of the State of California, without regard to the party or parties
drafting this Agreement. Both parties represent and warrant that they have
sought the advice of counsel with respect to the terms of this Agreement and
that they fully understand them and their legal effect.

<PAGE>

                  24.4 ATTORNEY'S FEES. The prevailing party in any action
arising out of this Agreement shall recover its attorney's fees in addition to
any other relief it might obtain.

                  24.5 ARBITRATION. Any dispute arising out of this Agreement
shall be submitted for binding, non-appealable arbitration in Los Angeles,
California by the American Arbitration Association according to its rules for
arbitration of commercial disputes. The Arbitrator's award may be entered in the
Superior Court for the County of Los Angeles, State of California, for
enforcement, and the parties hereby agree that Court shall have personal and
subject matter jurisdiction in that regard.

                  24.6 DUPLICATE ORIGINALS. More than one original of this
Agreement may be executed; however, in any legal action arising out of this
Agreement, an unedited xerox copy may be used with the same force and effect as
an original.

                  24.7 PARAGRAPH HEADINGS. Paragraph headings are for convenient
reference only, are not indicative of the intent of the parties and are to be
disregarded in interpreting this Agreement.

                  24.8. INVALID PORTIONS DELETED. The invalidity or
unenforceability on any particular provision of this Agreement shall not affect
any other provision, and this Agreement shall remain in effect and binding on
the parties and shall be construed as if such invalid or unenforceable provision
or provisions were omitted, unless to do so would deprive one party or the other
of a substantial portion of its benefit of the bargain, in which event the
Agreement shall be terminable at the option of the party so affected.

<PAGE>

           25.    WARRANTIES.

                  25.1 BY LICENSOR. Licensor warrants that it has the right to
enter into this Agreement with Licensee; that the entering into this Agreement
has been approved by appropriate corporate action; that it has the exclusive
license to the Proprietary Rights by virtue of an agreement with Rita Abraham,
1160 Park Avenue, New York, NY 10128, USA; and that the entering into of this
Agreement has been approved by Rita Abraham, 1160 Park Avenue, New York, NY
10128, USA. Licensor makes no representations or warranties as to the validity
or scope of any of the existing statutory registrations for the Proprietary
Rights.

                  25.2 BY LICENSEE. Licensee warrants that the Licensed Articles
and its packaging, display and promotion of them will at all times be consistent
with the fine quality and good taste long associated with the KEWPIE(R) name.

                  25.3 BY LICENSEE. Licensee warrants that if conditions in
Section 14.2 filing for Bankruptcy are exercised Jesco Imports, Inc. is given
status as a preferred creditor to the extent of the royalty due liability.

                  25.4 BY LICENSEE. Licensee warrants that during the term of
this License Agreement and subsequent renewals will retain its principal
domicile within the United States of America.

<PAGE>

                  IN WITNESS WHEREOF, the parties have caused this instrument to
be duly executed in duplicate on the dates indicated below, and this Agreement
shall become effective as of the date last in time, which date shall be entered
in the preamble above.

Date:  30th June 2002               PEAK ENTERTAINMENT L.L.C. dba CAMEO
       -----------------

Signed:  /s/ Wilfred Shorrocks
         ------------------------
(name & title)  WILFRED SHORROCKS, CEO

Date:  8-27-02                      JESCO IMPORTS, INC.

Signed:  /s/ James E. Skahill
         ------------------------
(name & title)    James E. Skahill, President

<PAGE>

                                  SCHEDULE "A"

The properties which are licensed by Licensor to Licensee are:

         (1)      The registered trademark KEWPIE(R);

         (2)      The trademark and copyright existing in the likeness of the
                  KEWPIE(R) character;

         (3)      The trademark ROSE O'NEILL;

         (4)      The trademark ORIGINAL KEWPIE(R)

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