Document:

<PAGE>
                                   [Material marked with an asterisk has been
                                   omitted from this document pursuant to a
                                   request for confidential treatment and has
                                   been filed separately with the Securities and
                                   Exchange Commission.]

                             CHARACTER COLLABORATION

                       AND COMIC BOOK PUBLISHING AGREEMENT

AGREEMENT entered into as of November   1997 (the "Effective date") by and among

AllStar Arena Entertainment Inc, A California Corporation, ("AllStar") having
its principal place of business at 6565 Sunset Boulevard, Suite 418, Los
Angeles, California; Karl Malone, Karl Malone Properties, Inc., ("Player")
c/o CMG Worldwide, 10500 Crosspoint Blvd. lndianapolis,.Indiana, 46256.

DEFINITIONS:

For the purpose of this contract, the term "Player" shall mean both Karl
Malone individually and Karl Malone Properties, Inc. For the purpose of this
contract, the term "AllStar" shall mean AllStar Arena Entertainment a
California Corporation. The terms "character" and "Mark" shall be held to
mean the actual animated superhero cartoon/ comic book character based on
Karl, "The Mailman Malone as jointly developed by AllStar Arena
Entertainment, Karl Malone and Karl Malone Properties, Inc., Karl Malone
Properties, Inc. will retain the right to Player's name, likeness, image,
nickname, trademarks etc. Karl Malone Properties, Inc., grants to AllStar the
right to use Player's name, likeness, image, nickname, for the purpose of
developing the Character and Mark McGwire the term of this Agreement.

    WITNESSETH.

Whereas the parties have and will collaborate on the creation and promotion
of a new comic book or series of comic books incorporating the character and
storyline of NBA player Karl Malone, and incorporating Mr. Malone's likeness
and image.

Whereas, AllStar, in conjunction with Player, will write, illustrate,
produce, publish, and otherwise exploit the Comic Book subject to the terms
and the conditions of this Agreement, and;

Whereas, AllStar will arrange for the merchandising activities related to the
Karl Malone character subject to the terms and conditions of this Agreement.
For the purpose of this Agreement, "merchandising" shall include, but not be
limited to the sale of film, television, animation, interactive software and
any other medium currently in use or hereinafter devised, toys, trade
paperbacks, periodicals, clothing, theme park sales and other merchandising
related items encompassing the Character, Mark or logo and all normal forms
of merchandising.

NOW, THEREFORE, for good and valuable consideration, the receipt and
sufficiency of which is acknowledged by the parties, the parties agree as
follows:

1. COMIC BOOK

AllStar will illustrate pictorial and graphic versions of the Player's
character depicting his exploits and superstar activities as one of the
leading players iii the National Basketball Association, accompanied by
dialogue and related literary text based upon the Malone character, in forms
suitable for publication in comic books. Each edition of the Comic Book shall
hereinafter be referred to as an "Issue" of the Comic Book.

<PAGE>

2. APPROVALS/CONSULTATIONS

Except as set forth herein, AllStar, and Player, shall have joint control
over the content of the Comic Book. AllStar shall submit production budgets
on request. Player shall have approval of the use of his name and likeness
throughout the term of the Agreement, with such approval not to be
unreasonably withheld. Player must approve or reject each submission within
fifteen (15) business days after AllStar submits the same to him.

3. ALLSTAR'S REPRODUCTION AND DISTRIBUTION

3.1 Grant

(a) Subject to the terms and conditions of this Agreement, during the term of
this Agreement Player hereby grants to AllStar the worldwide, exclusive
irrevocable right to reproduce, publish, print, reprint, and distribute the
Comic Book and the Character, with his approval, in whole or in part in any
form, in any language and in any medium now known or hereafter developed and
to advertise and promote the Comic Book, the Character and the Mark in any
medium. Player shall have approval of the use of Mr. Malone's name and
likeness, with such, approval not to be unreasonably withheld.

(b) The rights granted in Section 3.1 (a), above, include rights with respect
to film, video, or any other audio-visual work, relating to the Character or
(iii) promotional material or activity using or incorporating the Character
or the Mark.

(c) Except as specifically provided in this Agreement, Player shall not grant
to any third party the rights granted in Section 3.1 (a) or (b) with respect
to (i), a comic book, or (ii) film, video, or any other audio-visual work,
relating to the Character or (iii) promotional material or activity using or
incorporating the Character or the Mark.

3.2 AllStar's Responsibilities.

(a) Subject to the provisions of this Agreement and of Player with its
responsibilities hereunder, AllStar shall use its best efforts consistent
with industry norms to advertise, market, promote and sell copies of each
Issue of the Comic Book which Player has approved pursuant to Section 2 of
this Agreement.

(b) AllStar undertakes to maintain the high quality of the Comic Book
consistent with the quality which AllStar maintains for its other comic books.

3.3. Player's Responsibilities.

(a)  Throughout the term, Player shall assist AllStar in the promotion of the
     Comic Book as specified in this Agreement and as the parties may reasonably
     agree from time to time, but in no event less than reasonable efforts. All
     of Player's reasonable-out-of-pocket expenses directly related to such
     assistance shall be promptly paid or reimbursed by Allstar. Player will be
     reimbursed of all out-of-pocket expenses within fourteen (14) days after
     AllStar receives the appropriate documentation of such expenses. Any single
     expense in excess of $1,000 must be pre-approved by AllStar in writing.

<PAGE>

(b)  Upon fourteen ( 14) days written notice by Allstar, Player agrees to make
     himself available for one (1) personal appearances per calendar year for
     promotional events to publicize the Comic Books and Mark, so long as said
     appearances do not conflict with any professionalcommitment or previously
     scheduled engagements. At these appearances there will be no obligation for
     Player to give autographs. Any situation involving autographs will be
     negotiated separately.

(c)  Player acknowledges that the Character is based on his likeness and that
     the Comic book (regardless of medium including, print, film, video, and
     computer) consuming public will and have come to associate him with the
     Character to be developed over time under the terms of this Agreement.
     Therefore, Player agrees that during the full term of this Agreement and
     any later extensions thereof, it will not portray or represent any other
     comic book character and will not make appearances for or on behalf of, and
     will not lend any of his Collaborative data (as defined in section 4.3 of
     this Agreement) for use in conjunction with any comic book, comic book
     character, or comic book publisher without the prior written consent of
     Allstar, with such approval to be granted in Allstar's sole and exclusive
     discretion, which approval shall not be unreasonably withheld.

(d)  Player warrants that it will not willfully or by gross negligence act to
     impair the value of the Comic Book, the Character, or the Mark. In
     particular, Player shall not comport himself in a way that would disparage
     or diminish the value of the developed Character or knowingly bring
     negative publicity to the Character, Comic Book, or Mark.

3.4 Credits. Each party hereto shall receive the following credits:

In connection with all issues of the Comic Book and all videos, television
productions, and films, all credits shall be attributed jointly and severally
to: Allstar Arena Entertainment, Inc., and Karl Malone, as "creators", Mr.
Roesler, and Mr. Enfield will be attributed the title of Executive Producers.

3.5 Late Shipment of the Comic Book. In the event that an issue of the Comic
Book cannot be shipped on schedule such that it can be shipped only on a
"returnable basis", (i.e., that copies may be returned for refund or credit)
with the prior consultation of Player, Allstar shall have the right whether to
ship same on such returnable basis. The parties hereto agree that additional
time will be allowed for the sale of, and revenue payments for, any Issues let
out on a consignment basis.

3.6 Allstar's Merchandising Rights

Subject to the terms and conditions of this Agreement, Player hereby grants
to Allstar during the term of this Agreement the worldwide, irrevocable right
to exploit and otherwise use the Character and the Mark (defined below) on or
in connection with any and all products or services whatsoever, including but
not limited to, directly and indirectly, (through agents, licensees,
sublicensees, distributors, etc. of Allstar's choosing) merchandising of all
of the foregoing. Malone Properties, Inc. c/o CMG, will also have the right
to exploit and otherwise use the Character and Mark on or in connection with
any and all products or services whatsoever, including but not limited to,
directly and indirectly, (through agents, licensees, sublicensees,
distributors, etc. of Its/their choosing) the merchandising of all the
foregoing, with the express proviso that after CMG takes its standard
percentage from merchandising/licensiing the Character and/or Mark, the
balance of any revenue will be split between Player and Allstar in strict
accordance with the terms of this Agreement. Player and Allstar both agree
that no use of Character and/or Mark will be made without the prior consent
of both parties, with such consent not ot be unreasonably withheld.

<PAGE>

4. RIGHTS

4.1 Rights in the Character and the Mark.

(a) The (i) Character, and (ii) the Mark or any variations thereof in connection
with the Character (the "Mark") and all copyright and trademark rights shall be
owned 50% by Allstar and 50% by Player. All decisions affecting the use and
exploitation of the Character and Mark shall be jointly agreed upon by Allstar
and Player.

(b)  The parties agree that the successful exploitation, merchandising and
     licensing of the Character and the Mark will depend on the parties agreeing
     upon the appropriate exploitation, merchandising and licensing of the
     Character and the Mark. Therefore the parties agree that any use,
     exploitation, merchandising or licensing related to the Character or the
     Mark not specifically granted herein shall be upon the unanimous written
     agreement of the parties. Further, Player agrees that he will not use,
     exploit or license or grant to any third party the right to use, exploit or
     license the Character or the Mark except as provided in the previous
     sentence. Further, Allstar acknowledges tht Player retains the right to
     approve/not approve any merchandising and/or licensing program presented
     to him.

4.2 Rights in the Comic Book.

(a)  As among the parties, the Comic Book and all copyright and trademark rights
     to all original literary materials and characters therein which first
     appear in the Comic Book shall be owned 50% by Allstar and 50% by Player.
     The parties acknowledge that stock character profiles and standard scenes a
     faire are excluded from claims of joint ownership. The term "Stock
     Character Profiles" shall be held to mean any and all characters created by
     Allstar that appear in the project but are specifically based on actual
     persons, living or dead. The term "Standard Scenes A Faire" shall be held
     to mean the background, foreground, and settings created by Allstar in
     which the action takes place.

(b)  The parties agree that Allstar, in its sole discretion, can elect to put
     the logo of Allstar Arena Entertainment (or any such other distributor
     approved by Player, not to be unreasonably withheld or delayed) on each
     Issue of the Comic Book. Allstar shall have the right to have a copyright
     notice and/or trademark in its name. In connection with Allstar's
     exploitation of its rights hereunder, Player acknowledges that it will not
     acquire any rights of any kind whatsoever in and to (i) the names or marks
     of Allstar Arena Entertainment Inc. or any variation thereof, or (ii) any
     other name or mark or other rights owned by Allstar, other than as
     specifically set out in Section 4.1 (a) and 4.2 (a) hereof. However, Player
     shall retain the right to use in any way it sees fit any pre-established
     logos or marks on him which pre-date the existence of this Agreement.

4.3 Allstar's Exclusive License to Use the Character, Marks, and the
Collaborator Data Solely in Connection With the Distribution of the Comic Book .

Player hereby grants to Allstar the exclusive right to use (i) the Character,
(ii) the Marks, and (iii) his name, signature, biographic data and photograph or
likeness ("Collaborator Data") in advertising and promotional material in
connection with the Comic Book, including its promotion, sale and distribution.
Allstar shall submit to Player for its prior written approval, not to be
unreasonably withheld or delayed, all proposed materials which incorporate any
Collaborator Data.

<PAGE>

                                   [Material marked with an asterisk has been
                                   omitted from this document pursuant to a
                                   request for confidential treatment and has
                                   been filed separately with the Securities and
                                   Exchange Commission.]

4.4 Further Assistance.

Each party agrees that, at the request of another party, and without any further
consideration, it will, during the term of this Agreement and thereafter,
promptly execute and deliver to the other all instruments and documents (after
reasonable review by legal counsel) and do all things which may be reasonably
necessary to carry out the provisions of this Agreement.

4.5 Copyright and Trademark Notices.

The Comic Book, and where possible and appropriate, all other uses of the
Character and the Mark, shall bear a copyright and trademark notice in the names
of AllStar Arena Entertainment, and Player, i.e. TM/ Karl Malone license
authorized by CMG Worldwide

4.6 Survival.

The provisions of this Section 4 shall survive any termination or expiration of
this Agreement.

5. ROYALTIES AND PAYMENT.

5.1 Comic Book (Section 3.1) Publishing Royalties.

(a) Provided that the Comic Book is published and distributed, (I) Player shall
receive * percent (*) of the gross i.e. the wholesale price of the comic
book, profits, if any, collected by Allstar in connection with the distribution
and sale of the Comic Book as to the first 15,000 units sold; * percent
(*) of the gross profits, if any, collected by Allstar as to the next 15,000
units sold, or units 15,001 through 30,000, * percent (*) of the gross
profits, if any, on the next 20,000 units sold, or units 30,001 through 50,000,
and * percent (*) of the gross profits, if any, on all units sold in
excess of the first fifty thousand as specified above.

(b) For purposes of this Section 5.1, "gross profits" is defined as the amount
of gross receipts (less all returns) collected by Lobito from the sale of the
Comic Book in all markets. No royalties shall be paid on copies furnished
without charge, and not for resale to the parties, or for review, advertising or
promotional purposes and furnished without charge.

(iv) As an additional accommodation, at Player's request, Allstar agrees to
produce up to five thousand (5,000) promotional quality comic books per Issue.
These promotional books will be delivered to various civic, charitable, youth,
church, benefit or community service organizations chosen by him, in connection
with any related personal appearances by Player.

(c)  Other than for advances from licensee(s) as noted in Section 5.3 (b) below,
     Player will receive his share of any and all monies due to him no later
     than thirty (30) days after the close of every calendar quarter during the
     term of this Agreement and any extension thereof, and thereafter so long as
     any sales are made by Allstar. Player shall have a five (5) year audit
     right regarding any monies due and owing it as noted above in this Section.
     Allstar grants to Player the right to audit all statements issued by it for
     a period of five (5) caledar years. Further, should an audit or an
     examination by Player discover deficiency in royalties in excess of $
     1,000, then said audit will be paid by Allstar.

<PAGE>

                                   [Material marked with an asterisk has been
                                   omitted from this document pursuant to a
                                   request for confidential treatment and has
                                   been filed separately with the Securities and
                                   Exchange Commission.]

5.2 Payment.

Allstar shall provide to Player a statement of account on a quarterly basis, in
accordance with the terms enunciated above in Section 5.1 (c).

5.3 Merchandising Royalties

(a)  Player shall receive * percent (*) of the gross profits, if
     any, collected by Allstar in connection with the merchandising rights
     granted in Section 3(a) hereof during the term of this Agreement.

(b)  Player will be entitled to receive his percentage of royalties on any and
     all advances collected by Allstar from the licensee(s), and will be paid
     within thirty (30) days of the receipt of each such advance. Due to
     Player's prior contractual relationship with Apex or any other party
     with whom player has an apparel deal, any merchandising proposal regarding
     shoes and apparel will be submitted to CMG for Player's review, prior to
     finalizing any transaction.

(c)  For the purposes of this Section 5.3, "gross profits" is defined as the
     amount of gross receipts (less all returns) collected by Allstar from
     whatever source derived from the sale licensing, or use of all forms of
     merchandising of the Character and/or Mark.

(d)  Other than for advances from licensee(s) as noted in Section 5.3 (b) above,
     Player will receive his share of any and all monies due to him no later
     than thirty (30) days after the close of any calendar quarter during the
     term of this Agreement and any extension thereof, and thereafter so long as
     any sales are made by Allstar. Player shall have a five (5) year audit
     right regarding any monies due and owing it as noted above in this Section.
     Allstar grants to Player the right to audit all statements issued by it for
     a period of five (5) caledar years. Further, should an audit or an
     examination by Player discover deficiency in royalties in excess of
     $1,000, then said audit will be paid by Allstar.

5.4 Film, Television, Multimedia, Interactive and Video.

(a) (i) Player shall receive * percent (*) of the gross profits, if
any, collected by Allstar in connection with the rights described in Section 3.1
(b) hereof during the term of this Agreement.

(b) For the purpose of this Section 5.4, "gross profits" is defined as the
amount of gross receipts received by Allstar from whatever source derived
through the sale, exploitation or licensing of the Character and/or Mark from
film, television, multimedia (including CD-ROM, internet, videocassette, laser
disc, digital video disc, CD and cable) interactive and video payors.

     (i) For the purposes of this Section 5.3, gross receipts exclude reasonable
and customary fees in the industry for like services earned by Allstar for the
individual services provided by employees of Allstar in connection with the
rights described in Section 3.1 (b) hereof.

<PAGE>

                                   [Material marked with an asterisk has been
                                   omitted from this document pursuant to a
                                   request for confidential treatment and has
                                   been filed separately with the Securities and
                                   Exchange Commission.]

(c) Other than for advances from licensee(s) as noted in Section 5.3 (b) above,
Player will receive his share of any and all monies due to him no later than
thirty (30) days after the close of any calendar quarter during the term of this
Agreement and any extension thereof, and thereafter so long as any sales are
made by Allstar. Player shall have a five (5) year audit right regarding any
monies due and owing it as noted above in this Section. Allstar grants to Player
the right to audit all statements issued by it for a period of five (5) caledar
years. Further, should an audit or an examination by Player discover deficiency
in royalties in excess of $ 1,000, then said audit will be paid for by Allstar.

Player shall have a five (5) year audit right regarding any monies due and owing
it as noted above in this Section. Allstar grants Player the right to audit all
statements issued by it for a period of five (5) calendar years.

5.5 Comic Books Featuring Multiple Players.

(a) Regarding Sections 5.3 and 5.4 above only:

Player also grants to AllStar the sole and exclusive right to his name,
likeness and character in a comic book or books that will feature him as an
action hero figure in conjunction with other AllStar Arena Entertainment
player properties (hereinafter referred to as a "compilation book"). If such
a book or books are issued, his royalty percentage of gross sales will be
adjusted a follows:

If a compilation book is issued featuring two (2) players, each player shall
receive * percent of the gross profits, if any, collected by AllStar in
conjunction with the revenue generation of this book as described in Sections
3(a) and 3.1 (b) of this Agreement.

If a compilation book is issued featuring three (3) players, each player
shall receive * percent of the gross profits, if any collected by AllStar in
conjunction with the revenue generation of this book as described in Sections
3(a) and 3.1 (b) of this Agreement.

If a compilation book is issued featuring four (4) players, each player shall
receive * percent of the gross profits, if any, collected by AllStar in
conjunction with the revenue generation of this book as described in Sections
3(a) and 3.1 (b) of this Agreement.

If a compilation book is issued featuring five (5) players, each player shall
receive * percent of the gross profits, if any, collected by AllStar in
conjunction with the revenue generation of this book-as described in Sections
3(a) and 3.1(b)of this Agreement.

If a compilation book is issued featuring six (6) players, each player shall
receive * percent of the gross profits, if any, collected by AllStar in
conjunction with the revenue generation of this book as described in Sections
3(a) and 3.1(b) of this Agreement.

If a compilation book is issued featuring seven (7) players, each player
shall receive * percent of the gross profits, if any, collected by AllStar in
conjunction with the revenue generation of this book as described in Sections
3(a) and 3.1(b) of this Agreement.

If a compilation book is issued featuring eight (8) players, each player
shall receive * percent of the gross profits, if any, collected by AllStar in
conjunction with the revenue generation of this book as described in Section
3 (a) and 3.1 (b) of this Agreement.

<PAGE>

                                   [Material marked with an asterisk has been
                                   omitted from this document pursuant to a
                                   request for confidential treatment and has
                                   been filed separately with the Securities and
                                   Exchange Commission.]

If a compilation book is issued featuring nine (9) players, each player shall
receive * percent of the gross profits, if any, collected by Allstar in
conjunction with the revenue generation of this book as described in Sections
3(a) and 3.1(b) of this Agreement.

If a compilation book is issued featuring ten (10) players, each player shall
receive * percent of the gross profits, if any, collected by Allstar in
conjunction with the revenue generation of this book as described in Sections
3(a) and 3.1(b) of this Agreement.

(b) Regarding Section 5.1 above only:

Player also grants to Allstar the sole and exclusive right to use his name,
likeness and character in a comic book or books that will feature him as an
action figure in conjunction with other Allstar Arena Entertainment Players,
(hereinafter referred to as a "compilation book"). If such a book or books are
issued, his royalty percentage of gross book unit sales will be as follows:

If a compilation book is issued featuring two (2) players, each player shall
receive * percent of the gross profits, if any, collected by Allstar in
conjunction with the revenue generation of this book through all unit sales
of same.

If a compilation book is issued featuring three (3) players, each player
shall receive * percent of the gross profits, if any, collected by Allstar in
conjunction with the revenue generation of this book through all unit sales
of same.

If a compilation book is issued featuring four (4) players, each player shall
receive * percent of the gross profits, if any, collected by Allstar in
conjunction with the revenue generation of this book through all unit sales
of same.

If a compilation book is issued featuring five (5) players, each player shall
receive * percent of the gross profits, if any, collected by Allstar in
conjunction with the revenue generation of this book through all unit sales
of same.

If a compilation book is issued featuring six (6) players, each player shall
receive * percent of the gross profits, if any, collected by Allstar in
conjunction with the revenue generation of this book through all unit sales
of same.

If a compilation book is issued featuring seven (7) players, each player
shall receive * percent of the gross profits, if any, collected by Allstar in
conjunction with the revenue generation of this book through all unit sales
of same.

If a compilation book is issued featuring eight (8) players, each player
shall receive * percent of the gross profits, if any, collected by Allstar in
conjunction with the revenue generation of this book through all unit sales
of same.

If a compilation book is issued featuring nine (9) players, each player shall
receive * percent of the gross profits, if any, collected by Allstar in
conjunction with the revenue generation of this book through all unit sales
of same.

If a compilation book is issued featuring ten (10) players, each player shall
receive * percent of the gross profits, if any, collected by Allstar in
conjunction with the revenue generation of this book through all unit sales
of same.

<PAGE>

5.6 Records.

Allstar shall keep, maintain and preserve at its principal place of business for
two (2) years following its furnishing to Player of a statement to be submitted
by Allstar pursuant to Section 5.3 of this Agreement, true books of account
containing a complete and accurate record covering all transactions relating to
this Agreement and pertaining to the various items required to be shown on such
statement. Each such statement shall be binding on C. Webb and not subject to
any objection unless such objection is made in writing, stating in specific
detail the nature of the objection and delivered to Lobito within five (5) years
after the receipt by C. Webb of the applicable statement. Such records shall be
available for inspection and review (and copying at C. Webb's expense) during
Lobito's normal business hours no earlier than five (5) days after Lobito
receives C. Webb's written notice and shall be conducted in such a manner as to
least interfere with Lobito's normal business activities. If any such review
discloses a deficiency between the amounts reported as due C. Webb and the
amount actually found to be due to it, then Lobito shall pay C. Webb within
thirty (30) days following its receipt of C. Webb's notification, (i) the
omitted amounts, (ii) interest on the omitted amounts from the date due at the
lesser of one and one half percent (1.5%) per month or the highest rate
permitted by law, and (iii) if any such deficiency exceeds five percent (5%)
plus the reasonable costs and fees of such review.

6. TERM AND TERMINATION

6.1 Term and Renewal. This Agreement shall have an initial term of three (3)
calendar years from the date of execution of same below. Allstar reserves the
right to enter into agreements that may exceed the term of this agreement, i.e.
film and television transaction.

In the event of the termination of the Agreement, the rights of ownership noted
above in Sections 4.1 and 4.2 will remain equally split at fifty percent (50%)
for Allstar and fifty percent (50%) for Player.

6.2 Termination. If at any time the Comic Book is not profitable to Allstar,
then Allstar may, at its sole election, elect not to produce, distribute,
publish, release, exploit or make use of the rights granted Allstar in this
Agreement. In such event, this Agreement will terminate.

6.3 Default. In the event any party shall be in material breach in the
performance of any provision of this Agreement, ("Default") and such Default is
not cured within thirty (30) days following written notice thereof from the
other party of such Default, then upon the expiration of said (30) day period,
the party not in Default, at its own election, shall have the right to terminate
this Agreement upon written notice delivered to the other party within ten (1O)
days after the end of said thirty (30) day period. Nothing herein shall limit a
party's ability to seek immediate equitable relief (including injunctive relief)
in such circumstances as it reasonably believes that its interests hereunder or
in its property may be compromised.

<PAGE>

6.4 Effect of Termination of this Agreement. In the event of termination or
expiration of this Agreement:

(a) Allstar shall continue to enjoy all of the exclusive rights set out in
Section 3.1 of this Agreement with respect to each and every Issue of the Comic
Book, and each and every film, video or any other audio-visual work which was
produced during the term. Allstar's exclusive rights set out in Section 3.1 of
this Agreement with respect to Issues of the Comic Book, films, videos, and
other audio-visual works not already released shall immediately terminate.

(b) Allstar's payment obligations shall survive until fully discharged, and
Allstar's other rights and obligations under this Agreement shall not be
diminished in any way. However, in the event that Allstar is not up to date or
timely with its prescribed payments to Player, Allstar's rights hereunder will
be deemed suspended until such payments in arrears are made to him.

(c) The provisions of Section 4.1 hereof requiring the unanimous consent of the
parties shall survive any termination. Further, upon any termination or
expiration of this Agreement, all future uses, exploitation, merchandising, or
licensing related to the Character, the Mark or the Comic Book not specifically
granted herein shall be upon the unanimous written agreement of the parties and
each party agrees that it will not use, exploit or license or grant to any third
party the right to use, exploit or license the Character or the Mark except as
provided in this sentence.

(d)The ownership rights set out in Section 4.1 (a) and 4.2 (a) hereof shall not
be affected by any such termination or expiration.

(e) Upon termination of this Agreement, Player has the right for thirty (30)
days to purchase any existing issues of the comic book not yet distributed at
the standard wholesale distribution price. Following the above noted thirty (30)
day period, Player has the right of first refusal to match any offers to
purchase any undistributed comic books.

7. INDEMNIFICATION

7.1 Indemnification.

                                       7
Allstar will defend, at its own expense, any action, lawsuit or claim brought
against Allstar in the United States and throughout the World that is based upon
an allegation that the Comic Book infringes any copyright or any trademark
rights cognizable under the laws of the United States or any state thereof
(hereinafter "Infringement"). Further, Allstar will also defend and indemnify
Player, at its own expense, against any action, lawsuit, cause of action or
claim regarding any contract and/or other transaction it negotiates involving
him. Allstar agrees that it will pay all settlement costs and all sums which by
judgment or decree may be assessed against Player as a result of such litigation
provided that Allstar shall be given (i) prompt written notice of all claims
against any such infringement and of any suits brought or threatened against
him, (ii) authority to assume the defense thereof through its own counsel and to
compromise or settle any such action, lawsuit or claim, and (iii) all available
information and reasonable assistance to do so. The foregoing states the entire
liability of Allstar with respect to indemnity. No costs or expenses shall be
incurred for the account of Allstar by the Player or its agents without the
prior written consent of Allstar.

<PAGE>

7.2 Changes

Player acknowledges that in the comic book industry, claims of infringement are
often raised in connection with copyrights and or trademarks, whether or not
such claims have any merit. Player acknowledges and agrees that in the event the
Comic Book or any of its contents, including, but not limited to, any text,
artwork, designs, or characters which was contributed by it, or any of the
rights licensed by it to Allstar herein, including the use of the Character or
the Mark is the subject of a claim of infringement, Allstar, with appropriate
consultation from said player, may change any of these so as to render them
non-infringing.

8. CONFIDENTIALITY

Each party agrees not to disclose or use any materials or information of the
other party which is marked confidential, proprietary, or the like, or in the
case of orally conveyed information, which is confirmed as being confidential in
writing within thirty (30) days of conveyance, except as may be necessary to
further the performance of this Agreement.

9. GENERAL

9.1 Assignment.

This agreement and the rights, duties and obligations of the parties hereto
shall not be assignable, transferable or delegable by any party hereto without
the prior written consent of the others, not to be unreasonably withheld or
delayed, and any purported assignment without such consent shall be void, except
that Allstar may assign this Agreement to any affiliate of Allstar, or to any
company which acquires Allstar or with which Allstar is merged. Any such
assignment made must also have the prior written approval of the non-assigning
party.

9.2 Interim Contracts.

Any furhter contracts or agreements negotiated between AllStar and Player and
CMG Worldwide, during the term of this Agreement may extend beyond the stated
term of this Agreement.

9.3 Miscellaneous

All notices specified to sent herein shall be sent by mail or overnight courier,
return receipt requested to the addresses first set out above. Notices shall be
deemed served when received. This Agreement is a binding agreement and
constitutes the complete, final and exclusive statements of the terms of the
agreement among the parties with respect to the subject matter herein and
supersedes any and all other agreements, written or oral, prior or
contemporaneous, with respect thereto. This Agreement cannot be modified except
by a written instrument signed by all of the parties. The parties are
independent contractors and this Agreement is not a partnership between or joint
venture by the parties and no party is the agent for another. If any one or more
of the provisions contained herein or the application thereof in any
circumstance, is held invalid, illegal or unenforceable in any respect and for
any reason, the validity, legality and enfocreability of any such provision in
every other respect and to the remaining provisions hereof shall not be affected
or impaired in any way, it being intended that all the parties rights and
privileges arising hereunder shall be enforceable to the fullest extent
permitted by law. Any party shall be excused from performance of its obligations
hereunder to the extent and for such period of time as such performance is
prevented by an act of God, fire, earthquake, flood, transportation disruption,
war, insurrection, or other cause beyond the reasonable control of such party.

<PAGE>

This Agreement shall be binding upon and inure to the benefit of the parties
hereto, their heirs, legal representatives, executors and administrators,
successors and permitted assigns.

9.4 Resolution of Controversy

Any controversy relating to this Agreement or the breach thereof shall be first
discussed at length by all the respective parties hereto. After such discussion,
if there has been no such resolution of the disputed points, the aggrieved party
or parties shall then have the right to pursue litigation in the judicial forum
of its/their choice as against the breaching party or parties to the Agreement.
Nothing contained in this Section 9.3 shall prohibit a party from seeking
equitable relief without first resorting to litigation under such circumstances
as that party's interests hereunder and in its property will be otherwise
compromised. In the event litigation is initiated, each contracting party
consents to California or Indiana as the situs of jurisdiction. In addition,
each party will have the opportunity to settle any disputes through the American
Arbitration Association.

IN THE WITNESS HEREOF, the parties hereto have caused this Agreement to be
signed on the day and year first written above.

/s/ Rick Licht, Esq.                   /s/ Karl Malone

On behalf of AllStar                   On behalf of Karl Malone
Arena Entertainment, Inc.,             Properties, Inc.
A California corporation

/s/ Joseph J. Yukich

On behalf of AllStar
Arena Entertainment, Inc.,
A California corporation<PAGE>

                                   [Material marked with an asterisk has been
                                   omitted from this document pursuant to a
                                   request for confidential treatment and has
                                   been filed separately with the Securities and
                                   Exchange Commission.]

MAJOR LEAGUE BASEBALL

August 30, 1999

Mr. Frederick R. Licht, Esq.
Ultimate Sports Entertainment, Inc.
 2444 Wilshire Blvd.
 Suite 414
 Santa Monica, CA 90403

Dear Rick:

Major League Baseball Properties, Inc. ("MLBP"), on its own behalf and on behalf
of the Major League Clubs has agreed to grant Ultimate Sports Entertainment,
Inc. ("Licensee") a nonexclusive license to publish a series of baseball comics,
subject to approval by the Major League Clubs (the "Clubs"), and the execution
of a licensing agreement agreeable to both parties (the "License Agreement"):

Term:          The license period shall run from: August 1, 1999 - November 30,
               2000; unless sooner terminated in accordance with the terms
               hereof, provided, however, that the license period shall be
               extended through December 31, 2001, unless sooner terminated in
               accordance with the terms hereof, in the event the agreement
               pursuant to which MLBP (or MLBP's successor hereunder) is
               authorized by the Clubs to grant the rights and assume the
               obligations herein is extended through such date and continues to
               authorize MLBP (or MLBP's successor hereunder) to so grant such
               rights and assume such obligations.

               Prior to the expiration of the license period, MLBP and Licensee
               agree to discuss in good faith renewing or extending the license
               period for an additional period (if authorized as set forth
               above) under mutually agreeable terms and conditions.
               Notwithstanding the foregoing, neither party shall have any
               obligation to extend or renew this licensing arrangement.

Product Description:

               A series of baseball comic books featuring the likenesses of
               current Major League Baseball players in Club uniforms (the
               "Publication").

               Publication Specifications:

               Comic book titles:         TBD
               size:             6-5/8 x 10-1/4

MAJOR LEAGUE BASEBALL Properties       paper stock:  Cover  10 Point Card Stock
                                                            Glossy

245 Park Avenue                                      Text     40#
                                       print order:             TBD
New York, New York 10 167              suggested retail price:  $3.95

Phone 2 1 2~93 1 ~7900

www-majorleaquebaseball.corn
-2

<PAGE>

                                   [Material marked with an asterisk has been
                                   omitted from this document pursuant to a
                                   request for confidential treatment and has
                                   been filed separately with the Securities and
                                   Exchange Commission.]

Territory:               Worldwide.

Official Designation:    MLBP grants the right for Licensee to designate the
                         Publication an "Official Publication of Major League
                         Baseball" and to use the "Major League Baseball
                         silhouetted batter" logo and/or "Official Publication"
                         logo on the cover of the Publication. MLBP shall
                         determine in its sole discretion which logo Licensee
                         shall use on the-cover of the Publication.

Services:                Licensee agrees to develop and produce, at its own cost
                         and expense, the Publication. Licensee responsibilities
                         in connection therewith shall include, but not be
                         limited to, developing and producing the layout,
                         design, illustrations, photographs, graphics, charts
                         and any editorial and statistical content. Licensee
                         shall also be responsible for manufacturing the
                         Publication, including but not limited to, ink, paper,
                         printing, binding and shipping to distribution
                         locations, or may subcontract such manufacturing (i.e.,
                         producing and printing) responsibilities to a third
                         party, provided MLBP provides written approval of such
                         third party.

MLB Marks:               MLBP grants the rights to names, characters, symbols,
                         designs, likenesses, visual representations and such
                         other similar or related identifications of the
                         following noted organizations to be used in connection
                         with the Publication and with the marketing, promotion
                         and sale of the Publication: (1) Major League Baseball
                         Properties, Inc. (including the Major League Baseball
                         silhouetted batter and logos), (2) the American League,
                         (3) the National League, and (4) All-Star Game,
                         Division Series, League Championship Series, World
                         Series, other names given to such games or events and
                         other names given to other Major League Baseball
                         playoff games and (5) all current Major League Baseball
                         Clubs (hereinafter collectively referred to as the "MLB
                         Marks"). Licensee acknowledges that the authorization
                         granted hereunder does not include authorization to
                         utilize the names and/or likenesses of any Major League
                         Baseball player or other individual.

Minimum Guarantee:       As an advance payment against all monies earned under
                         the terms of this Agreement, Licensee shall pay to MLBP
                         the following amounts: * due upon execution of this
                         Agreement; * due August 15, 2000. And if the license
                         period is extended pursuant to Term above: * due
                         August 15,2001.

Percentage Compensation: MLBP shall receive a royalty of * on net sales (as
                         defined below) of the Publication.

<PAGE>

                         The term "net sales" shall mean gross sales less
                         quantity discounts and actual returns, but no deduction
                         shall be made for uncollectible accounts, commissions,
                         taxes or any other amount. No costs incurred in the
                         promotion, advertisement, production, distribution or
                         sale of the Publication shall be deducted from any
                         Percentage Compensation payable by Licensee.

Advertising Sales:       During each year of the license period, MLBP will
                         receive, free of cost, one full -advertising page in
                         the Publication. MLBP may sell this page, and shall be
                         entitled to retain all revenue derived therefrom. All
                         other advertising pages may be sold by either party, in
                         Licensee's case, subject to MLBP'S approval of the
                         identity of the purchaser and content of advertisement.
                         Licensee acknowledges that MLBP will have a protected
                         list of accounts consisting of licensees, sponsors and
                         publishing accounts to whom Licensee is prohibited from
                         selling advertising pages. Should MLBP sell advertising
                         pages in addition to the one complimentary advertising
                         page specified in the previous paragraphs, collected
                         net revenues from such advertising pages shall be
                         apportioned between Licensee and MLBP as 75% and 25% of
                         such net revenues respectively.

Distribution:            Licensee shall be responsible for distribution of the
                         Publication.

                         The Publication may be sold globally through
                         traditional newsstand channels as well as to jobbers,
                         wholesalers, distributors or retailers for sale or
                         resale and distribution to retail stores and merchants
                         for their resale and distribution directly to the
                         public. However, Licensee shall not permit the use of
                         the Publication as a premium (as defined below), except
                         with the prior written consent of MLBP and pursuant to
                         the provisions relating to the premium or special
                         sales. The term "premium" shall be defined as
                         including, but not limited to, free or self-liquidating
                         items offered to the public in conjunction with sale or
                         promotion of a product or service, including traffic
                         building or continuity visits by a customer, or any
                         similar scheme or device, the prime intent of which is
                         to use the Publication in such a way as to promote,
                         publicize and/or sell the products, services or
                         business image of the third party company.

Copyright:               MLBP shall be the sole and exclusive owner of the
                         copyright rights to and in the MLB Marks, statistical
                         information compiled (including, without limitation,
                         the format, display and compilation of such statistics)
                         by MLBP and/or affiliates (the "Statistics") and any
                         editorial matter contributed by MLBP. Licensee
                         acknowledges the proprietary nature of the Statistics
                         and acknowledges that all copyrights in such Statistics
                         belong to MLBP and/or the Office of the Commissioner of
                         Baseball, as the case may be. Any use Licensee makes of
                         the Statistics shall confer no benefit upon it
                         whatsoever and any such use shall

<PAGE>
                         inure to the benefit of MLBP and/or the Office of the
                         Commissioner of Baseball.

                         Licensee is solely responsible for determining whether
                         the consent of (i) any individuals depicted or referred
                         to, in the materials, including Major League Baseball
                         players, coaches, managers and other personnel, former
                         and current is required; and (ii) any third party in
                         connection with any copyright, trademark, or other
                         property or identified in MLB Marks above, is required.
                         If Licensee determines that such consents are required,
                         Licensee is solely responsible for obtaining such
                         consents directly from such individuals, entity and/or
                         third party.

Insurance:               Licensee shall provide to MLBP evidence of
                         comprehensive general liability insurance of no less
                         than one million dollars ($1,000,000).

Indemnity:               MLBP hereby agrees to indemnify, defend and hold
                         Licensee and its owners, shareholders, directors,
                         officers, employees, agents, representatives,
                         successors and assigns harmless from any claims, suits,
                         damages or costs (including reasonable attorneys' fees
                         and expenses) arising from (i) challenges to MLBP's
                         authority as agent for and pursuant to authority
                         granted by the Clubs to license the ML13 Marks (as
                         defined below) in connection with the manufacture,
                         distribution, promotion, advertisement and sale of the
                         Publication or (ii) assertions to any claim of right or
                         interest in or to the MLB Marks as authorized and used
                         in the Publication, provided in each case that Licensee
                         shall give prompt written notice, cooperation and
                         assistance to MLBP relative to any such claim or suit,
                         and provided further in each case that MLBP shall have
                         the option to undertake and conduct the defense of any
                         suit so brought (including, without limitation,
                         selecting in its sole discretion, counsel therefore)
                         and to engage in settlement thereof at its sole
                         discretion. MLBP shall give Licensee notice of the
                         making of any claim or the institution of any action
                         hereunder against MLBP and MLBP shall direct Licensee
                         as to whether MLBP chooses to defend the action and
                         select counsel therefor, or whether Licensee is to
                         handle the defense of the action (subject to MLBP's
                         approval as to counsel, court filings, discovery,
                         correspondence, general strategies, costs, and the
                         settlement or disposition of the action).

                         Licensee shall assist MLBP, to the extent necessary, in
                         the procurement of any protection or to protect any of
                         MLBP's rights to the MLB Marks, and MLBP, if it so
                         desires and in its sole discretion, may commence or
                         prosecute any claims or suits in its own name or in the
                         name of Licensee or join Licensee as a party thereto.
                         Licensee shall notify MLBP in writing of any
                         infringements or imitations by others of the MLB marks
                         of which it is aware. MLBP shall have the sole right to
                         determine

<PAGE>

                         whether or not any action shall be taken on account of
                         such infringements or imitations. Licensee shall not
                         institute any suit or take any action on account of
                         any such infringements or imitations without first
                         obtaining the written consent of MLBP to do so.
                         Licensee agrees that it is not entitled to share in any
                         proceeds received by MLBP (by settlement or otherwise)
                         in connection with any formal or informal action
                         brought by MLBP hereunder.

                         Licensee hereby agrees to indemnify, defend and hold
                         MLBP, MLBE, the Clubs, the Leagues and BOC, Major
                         League Baseball Properties Canada Inc. ("MLBPC") and
                         Baseball Television International, Inc. ("BTI") and
                         their respective owners, shareholders, directors,
                         officers, employees, agents, representatives,
                         successors and assigns harmless from any claims, suits,
                         damages and costs (including reasonable attorneys' fees
                         and expenses) arising out of (i) any unauthorized use
                         of or infringement of any trademark, service mark,
                         copyright, patent, process, method or device by
                         Licensee in connection with the Publication covered by
                         this Agreement and the License Agreement, (ii) alleged
                         defects or deficiencies in said Publication or the use
                         thereof, or false advertising, fraud, misrepresentation
                         or other claims related to the Publication not
                         involving a claim of right to the MLB Marks, (iii) the
                         unauthorized use of the MLB Marks or any breach by
                         Licensee of this Agreement and the License Agreement,
                         (iv) libel or slander against, or invasion of the right
                         of privacy, publicity or property of, or violation or
                         misappropriation of any other right of any third party,
                         (v) agreements or alleged agreements made or entered
                         into by Licensee to effectuate the terms of this
                         Agreement and the License Agreement, (vi) Licensee's
                         distribution methods, practices, or policies relating
                         to the Publication and/or (vii) Licensee's promotional,
                         marketing, or advertising activities involving or
                         related to the Publication, MLBP, or any of its
                         affiliates. MLBP shall give Licensee notice of the
                         making of any claim or the institution of any action
                         hereunder against MLBP and MLBP may at its option
                         participate in any such action or allow Licensee to
                         handle MLBP's defense (subject to MLBP's approval as to
                         counsel, court filings, discovery, correspondence,
                         general strategies, and the settlement of the action).
                         The indemnifications hereunder shall survive the
                         expiration or termination of this Agreement and the
                         License Agreement.

                         Licensee agrees to promptly notify MLBP in writing of
                         any actions commenced against it in any forum relating
                         to the Publication (irrespective of whether the MLB
                         Marks are implicated thereby) and shall afford MLBP the
                         opportunity to (i) take on the defense of such action
                         on behalf of Licensee or (ii) consult with Licensee in
                         the defense of such action. In either

<PAGE>

                         case, subject to the provisions of the preceding
                         paragraph, MLBP shall bear the costs of such
                         participation.

Quality Control:         Licensee shall submit all materials, including text,
                         design, images and layout for all components of the
                         Publication and all promotional and display materials
                         related to the publication to MLBP for MLBP's approval.

Product Credit:          Licensee shall provide MLBP with 150 free copies of
                         each Publication, for use by MLBP at its sole
                         discretion.

Miscellaneous:           During each year of the license period, Licensee agrees
                         to purchase one four-color full-page advertisement in
                         Little League Magazine, not to exceed the net purchase
                         price of $45,000. Licensee guarantees that MLBP, the
                         Clubs, official Club and/or MLBP retail stores, and
                         Club in-stadium concessionaires will obtain the
                         Publication for retail sale at lowest possible
                         wholesale prices applicable to the channel of
                         distribution through which the Publication will be sold
                         and shall receive prompt shipments and/or deliveries of
                         the Publication, without regard to the relatively small
                         volume their orders may represent MLBP and the Clubs
                         may obtain the Publication for their use, but not
                         resale, at the manufacturer's lowest possible price,
                         which shall in no event be greater than its lowest
                         wholesale price.

Additional specific terms and conditions will be included in the agreement to
follow. Please review and arrange for an authorized representative to sign below
to demonstrate Licensee agreement to these terms and conditions and return to my
attention. Upon execution by MLBP, we will forward to you a copy for your files.

Sincerely,

/s/Donald S. Hintze
Donald S. Hintze
Director of Publishing

  AGREED AND ACCEPTED:

Name: /s/ Frederick R. Licht

Signature: /s/Frederick R. Licht

Title: Pres./CEO

Date: 10/01/99

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