Document:

Exhibit 10.32

                                    EXHIBIT E

                       LIMITED LIABILITY COMPANY AGREEMENT

                                       OF

                           FIRST LOOK/SEVEN HILLS LLC

                                June 25, 2002

The securities evidenced hereby have not been registered under the Securities
Act of 1933, as amended (the "Act"), or any state securities law and may not be
transferred except pursuant to an effective registration statement under the Act
relating thereto and qualification under applicable state securities laws, or in
reliance upon an available exemption from such registration and qualification.

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                       LIMITED LIABILITY COMPANY AGREEMENT
                                       OF
                           FIRST LOOK/SEVEN HILLS LLC

         This Limited Liability Company Agreement (this "Agreement") of First
Look/Seven Hills LLC, a Delaware limited liability company (the "Company"), is
made and entered into as of June 25, 2002 by and between Seven Hills
Pictures, LLC, a Connecticut limited liability company ("Seven Hills"), and
First Look Media, Inc., a Delaware corporation ("First Look"), each such entity
being hereinafter referred to as a "Member" and, together, as the "Members."

                                    RECITALS:

A. The Members have formed the Company for the purpose provided in Section 2.5.

B. In connection with the execution and delivery of this Agreement, the Members
previously entered into a Securities Purchase Agreement, dated as of May 20,
2002 (the "Securities Purchase Agreement"), pursuant to which First Look shall
issue and sell to Seven Hills, and Seven Hills shall purchase from First Look,
shares of common stock of First Look, warrants to purchase additional shares of
common stock of First Look, and a secured convertible promissory note of First
Look and the Company, of even date herewith, in the principal amount of
$2,000,000 (the "Note").

C. In connection with the Securities Purchase Agreement, First Look shall
execute and deliver a pledge and security agreement in favor of Seven Hills (the
"Pledge and Security Agreement"), pursuant to which First Look will afford Seven
Hills certain collateral security for the payment and performance of the Note.

D. In connection with the execution and delivery of this Agreement, the Members
and the Company shall enter into a Film Marketing and Distribution Agreement as
of even date herewith (the "Film Marketing and Distribution Agreement") for the
purpose of implementing the business purpose of the Company.

                                   AGREEMENT:

         For and in consideration of the mutual covenants, rights, and
obligations set forth herein, the benefits to be derived therefrom, and other
good and valuable consideration, the Members agree as follows:

                                   ARTICLE I
                            DEFINITIONS; CONSTRUCTION

1.1 Definitions. Capitalized terms used herein and not otherwise defined herein
shall have the meanings given to such terms in the Film Marketing and
Distribution Agreement. When used herein, the following capitalized terms shall
have the meanings indicated:

         "Act" means the Delaware Limited Liability Company Act and any
successor statute, as amended from time to time.

         "Business" shall have the meaning provided in Section 2.5.

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         "Business Day" means any day other than a Saturday, Sunday or holiday
on which national banking associations in California are required or permitted
by law to be closed.

         "Capital Account" means the account established and maintained for a
Member pursuant to Section 4.4.

         "Capital Contribution" means as to either Member at any time the
cumulative amount of money contributed by such Member to the capital of the
Company as provided in Sections 4.1.1 and 4.1.2 and as reflected on Appendix A
hereto.

         "Certificate" or "Certificate of Formation" means the certificate of
formation of the Company filed on May 13, 2002 in accordance with the Act and as
amended from time to time.

         "Code" means the Internal Revenue Code of 1986 and any successor
statute, as amended from time to time, together with the Treasury Regulations
promulgated thereunder.

         "Company" means First Look/Seven Hills LLC, the Delaware limited
liability company formed hereby.

         "Deemed Loan" shall have the meaning provided in Section 4.5.1.

         "Designating Member" means, as to each Designated Picture, whichever of
Seven Hills or First Look designates the Picture for distribution in accordance
with the Film Marketing and Distribution Agreement.

         "Dispose," "Disposing" or "Disposition" means an assignment, transfer,
exchange, mortgage, pledge, grant of a security interest or other disposition or
encumbrance (including, without limitation, by operation of law), or the acts
thereof.

         "Dissolution Event" means, as to either Member, the Member's withdrawal
as permitted in this Agreement, bankruptcy or dissolution.

         "Distributable Cash" means at any time the amount of money on hand of
the Company, other than Capital Contributions, which the Members deem available
for distribution to the Members in accordance with the provisions hereof, taking
into account all accrued debts, liabilities, and obligations of the Company,
including without limitation the Note and the Company's obligations under the
Film Marketing and Distribution Agreement, and any amounts which the Members
deem necessary or advisable to reserve, designate or set aside for actual or
anticipated costs, payments, liabilities, obligations, and claims with respect
to the Business. To the extent that Theatrical Gross Receipts (less Distribution
Fees) of each Designated Picture (including any interest earned in the
Designated Picture Collection Account with respect to such Designated Picture)
exceed the aggregate amount of the related Deemed Loan, if any, and the
Marketing Capital, such excess shall be treated as Distributable Cash
attributable to such Designated Picture.

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         "Manager" means Seven Hills, or its designee, in the capacity described
in Section 5.1.

         "Marketing Capital" shall have the meaning provided in Section 4.5.1.

         "Member Nonrecourse Debt" has the meaning ascribed to the term "Partner
Nonrecourse Debt" in Treas. Reg.ss.1.704-2(b)(4).

         "Member Nonrecourse Deductions" shall have the meaning set forth in
Treas. Reg.ss. 1.704-2(i).

         "Membership Interest" means a Member's allocable share of the Company's
Net Profits, Net Losses, and similar items and the Member's rights to receive
distributions from the Company, together with all obligations of such Member to
comply with the provisions of this Agreement.

         "Minimum Gain" has the meaning ascribed to the term "Partnership
Minimum Gain" in Treas. Reg.ss. 1.704-2(d).

         "Net Profits" and "Net Losses" means the income, gain, loss,
deductions, and credits of the Company in the aggregate or separately stated, as
appropriate, determined in accordance with generally accepted accounting
principles employed under the method of accounting at the close of each fiscal
year on the Company's information tax return filed for federal income tax
purposes.

         "Nonrecourse Deductions" shall have the meaning set forth in Treas.
Reg.ss.1.704-2(b).

         "Nonrecourse Liability" has the meaning set forth in Treas.
Reg.ss.1.752-1(a)(2).

         "Percentage Interest" means as to either Member at any time the ratio,
expressed as a percentage, that such Member's Capital Contribution
bears to the total Capital Contributions of both Members.

         "Person" means any individual, corporation, trust,
partnership, joint venture, limited liability company or other entity or
association.

         "Recoupment" shall have the meaning provided in Section 4.5.2.

         "Replenishment" shall have the meaning provided in Section 4.5.3.

         "Secretary of State" means the Secretary of State of the State of
Delaware.

         "Winding-Up Period" shall have the meaning provided in Section 9.2.

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1.2 Captions. All captions in this Agreement are inserted for reference only and
are not to be considered in the construction or interpretation of any provision
hereof.

1.3 Interpretation. In the event any claim is made by any Member relating to any
conflict, omission or ambiguity in this Agreement, no presumption or burden of
proof or persuasion shall be implied by virtue of the fact that this Agreement
was prepared by or at the request of a particular Member or its counsel.

1.4 References to this Agreement. References to numbered or lettered articles,
sections, and subsections refer to articles, sections, and subsections of this
Agreement unless otherwise expressly stated.

                                   ARTICLE II
                                    FORMATION

2.1 Formation. Contemporaneously with the execution of this Agreement, the
Company is being formed as a Delaware limited liability company under and
pursuant to the Act by the execution and filing of the Certificate with the
Secretary of State.

2.2 Name. The name of the Company shall be First Look/Seven Hills LLC. The
business of the Company shall be conducted under that name. The Manager shall
file on the Company's behalf all fictitious name statements and similar filings,
and any amendments thereto, as such Manager deems necessary or appropriate.

2.3 Registered Office; Principal Office; Other Offices. The registered office of
the Company in the State of Delaware shall be the registered office initially
designated in the Certificate or such other office (which need not be a place of
business of the Company) as the Members may designate from time to time in the
manner provided by law. The principal office of the Company shall be 1041 North
Formosa Avenue, Santa Monica Building East, Ste. 201, Los Angeles, California
90046 or such other office as the Members may designate from time to time. The
Company shall take all necessary actions to qualify to do business in such
states in which it conducts business.

2.4 Agent. The registered agent for service of process in the State of Delaware
shall be as stated in the Certificate or as otherwise may be determined from
time to time by the Members in the manner provided by law.

2.5 Purpose. The Company is organized for the purpose of funding the marketing
and distribution of motion pictures selected by the Members in accordance with
the Film Marketing and Distribution Agreement (the "Business"). The Capital
Contributions shall not be utilized by the Company for any other purpose
whatsoever, but until utilized pursuant hereto shall be kept in an
interest-bearing account.

2.6 Term. The term of the Company commenced on the date of filing of the
Certificate with the Secretary of State and the Company shall continue in
existence until the termination of the Film Marketing and Distribution
Agreement, unless earlier dissolved pursuant hereto.

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                                  ARTICLE III
                        MEMBERS AND MEMBERSHIP INTERESTS

3.1 Members. The Members are hereby admitted to the Company as members. Except
as provided in Section 3.5.2 with respect to the admission of assignees of a
Member's Membership Interest, no Person may be admitted as an additional member
of the Company except with the approval of both Members.

3.2 Representations and Warranties. To induce the other Member to enter into
this Agreement, each Member represents and warrants to the Company and to the
other Member that (i) it is acquiring its Membership Interest for investment
purposes for its own account and not with a view to or for resale in connection
with any distribution of all or any part of the Membership Interest; (ii) it has
such knowledge and experience in financial and business matters as to be capable
of evaluating the merits and risks of an investment in the Company and has
obtained, in its judgment, sufficient information regarding the Company and the
Business to evaluate the merits and risks of its investment in the Company;
(iii) in making its decision to purchase its Membership Interest, it has been
advised by its own tax and legal advisers and is not relying on the Company or
the other Member with respect to tax matters or legal considerations involved in
its investment; (iv) it is duly organized as a corporation or limited liability
company, as the case may be, under its jurisdiction of organization, and has the
requisite power and authority, corporate and otherwise, to enter into this
Agreement and perform its obligations hereunder; (v) this Agreement has been
duly authorized by all requisite action of its board of directors and
shareholders, or managers and members, as the case may be; and (vi) this
Agreement constitutes the valid obligation of such Member, enforceable against
such Member in accordance with its terms.

3.3 Approval Required. Except as specifically provided in this Agreement, the
vote, consent or approval of all Members shall be required as to all matters as
to which the vote, consent or approval of the Members is required or permitted
under this Agreement. The vote, consent or approval of the Members or any
Member, wherever required or permitted hereunder, may be obtained in any manner
permitted hereunder or under the Act.

3.4      Meetings of Members.

         3.4.1 No annual or regular meetings of the Members shall be required;
if convened, however, meetings of the Members may be held at such date, time,
and place within the City of Los Angeles, California, or such other location, as
the Members may agree or as the Member who properly noticed such meeting may fix
from time to time. At any meeting of the Members, the Manager shall preside at
the meeting and appoint a Person to act as secretary of the meeting. The
secretary of the meeting shall prepare written minutes of the meeting, which
shall be maintained in the books and records of the Company.

         3.4.2 A meeting of the Members may be called by either Member for the
purpose of addressing any matter on which the vote, consent, or approval of the
Members or any Member is required or permitted under this Agreement.

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         3.4.3 Notice of a meeting of Members shall be sent or otherwise given
to the other Member not less than five nor more than 10 days before the date of
the meeting. The notice shall specify the place, date, and hour of the meeting
and the general nature of the business to be transacted. Except as the Members
may otherwise agree, no business other than that described in the notice may be
transacted at the meeting.

         3.4.4 Attendance of a Member at a meeting shall constitute a waiver of
notice of that meeting, except when the Member objects, at the beginning of the
meeting, to the transaction of any business because the meeting is not duly
called or convened, and except that attendance at a meeting is not a waiver of
any right to object to the consideration of matters not included in the notice
of the meeting if that objection is expressly made at the meeting. Neither the
business to be transacted nor the purpose of any meeting of Members need be
specified in any written waiver of notice. The Members may participate in any
meeting of the Members by means of conference telephone or similar means as long
as both Members can hear one another. A Member so participating shall be deemed
to be present in person at the meeting.

         3.4.5 Any action that can be taken at a meeting of the Members may be
taken without a meeting if a consent in writing setting forth the action so
taken is signed and delivered to the Company by both Members. All such consents
shall be maintained in the books and records of the Company.

         3.4.6 Any Member entitled to vote on any matter shall have the right to
do so either in person or by one or more agents authorized by a written proxy
signed by the Member and delivered to the other Member. A proxy shall be deemed
signed if the Member's name is placed on the proxy (whether by manual signature,
typewriting, telegraphic transmission, or otherwise) by the Member or the
Member's attorney-in-fact. A validly executed proxy which does not state that it
is irrevocable shall continue in full force and effect unless revoked by the
Member executing it, before the vote pursuant to that proxy, by a writing
delivered to the other Member stating that the proxy is revoked, or by a
subsequent proxy executed by, or attendance at the meeting and voting in person
by, the Member executing the proxy; provided, however, that no proxy shall be
valid after the expiration of 11 months from the date of the proxy, unless
otherwise provided in the proxy. The revocability of a proxy that states on its
face that it is irrevocable shall be governed by the provisions of the Delaware
General Corporation Law as it pertains to the revocability of proxies granted by
stockholders.

3.5      Disposition of Interests.

         3.5.1 No Member shall Dispose of all or any part of its Membership
Interest except with the prior written consent of the other Member. Any
attempted Disposition of a Membership Interest or other right, or any part
thereof, in or in respect of the Company other than in accordance with this
Section 3.5.1 shall be, and hereby is declared, null and void ab initio. No
Disposition of a Member's Membership Interest, whether consented to or
otherwise, shall result in the dissolution of the Company by reason of the
Disposing Member ceasing to be Member of the Company.

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         3.5.2 If in connection with a Disposition of a Membership Interest a
Member purports to grant the Person to which the Membership Interest is Disposed
the right to be admitted as a member of the Company (including in connection
with a Disposition permitted under Section 3.5.1), such Person shall have the
right to be so admitted as a member of the Company if (a) the other Member
consents in writing to such admission, and (b) the other Member receives a
document (i) executed by both the Member effecting such Disposition and the
Person to which the Membership Interest is Disposed, (ii) including the notice
and payment address and facsimile number of the Person to be admitted to the
Company as a member and the written acceptance by such Person of all the terms
and provisions of this Agreement and an agreement by such Person to perform and
discharge timely all of the obligations and liabilities in respect of the
Membership Interest being obtained, (iii) setting forth the respective
Percentage Interests after the Disposition of the Member effecting the
Disposition and the Person to which the Membership Interest is Disposed, which
together shall total the Percentage Interest of the Member effecting such
Disposition prior thereto, (iv) containing a representation and warranty by the
Member effecting the Disposition and the Person to which the Membership Interest
is Disposed to the effect that such Disposition was made in accordance with all
laws and regulations, including securities laws, applicable to such Member or
Person, as appropriate, and (v) containing representations and warranties by the
Person to which such interest is Disposed that are substantially equivalent to
those contained in Section 3.2.

3.6 Amendment of Agreement to Reflect New Members. If a new member is admitted
to the Company pursuant to Section 3.1 or 3.5.2, and, as a result, the Company
has more than two members, the Members shall revise this Agreement to take into
account the fact that there are more than two members. No one shall be admitted
as a Member of the Company unless and until such Person shall have executed this
Agreement, as so amended.

3.7 Resignation; Removal. A Member has no right or power to resign or withdraw
from the Company as a Member. A Member also may not be removed or expelled as a
Member, except upon the purchase of the Member's Membership Interest as provided
in this Agreement.

3.8 Liability to Third Parties. No Member shall have any obligation for any
liabilities of the Company, whether such liabilities arise in contract, tort, or
otherwise, except to the extent that any such liabilities are expressly assumed
in writing by such Member. The obligations of a Member contained herein,
including without limitation, Section 4.5 hereof, may not be enforced by any
Person other than another Member.

3.9 Indemnification. To the fullest extent permitted by law, each Member shall
indemnify the Company and the other Member and its partners, members,
associates, agents, and affiliates, and hold them harmless from and against, any
and all losses, costs, liabilities, damages, and expenses (including, without
limitation, costs of suit and reasonable attorneys' fees) they may incur on
account of any breach by such Member of any provision of this Agreement.

3.10 Rights of Assignees. In the event the Company is required to recognize the
validity of a Disposition notwithstanding the provisions of this Agreement to
the contrary, the assignee of a Membership Interest who has not been admitted to
the Company as Member in accordance with this Article III shall be entitled only
to allocations and distributions with respect to such Membership Interest as
provided in this Agreement, but shall have no right to any information or
accounting of the affairs of the Company, or to inspect the books or records of
the Company, and shall not have any rights of a member under the Act or this
Agreement (including without limitation the right to vote).

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3.11 Termination of Membership Interest. The occurrence of a Dissolution Event
as to a Member shall not dissolve the Company. Upon the occurrence of a
Dissolution Event as to a Member, the Membership Interest of such Member shall
terminate and, thereafter, such Member shall only have the rights and be
entitled to the benefits of an assignee with respect to its Membership Interest.
Each Member acknowledges and agrees that such termination of its Membership
Interest upon the occurrence of a Dissolution Event is fair and reasonable under
the circumstances existing on the date of this Agreement.

3.12 No Fiduciary Obligation; Other Business Ventures. Each Member acknowledges
and agrees that the other Member and its members, partners, associates, agents,
and affiliates owe no fiduciary duty to the Company or such Member or any other
obligation other than as specifically provided for in this Agreement. Each
Member further acknowledges and agrees that the other Member and its members,
partners, associates, agents, and affiliates are engaged in other business
activities apart from the Company and possess interests in other investments and
business activities including, among others, those with the same or similar
purpose as that of the Company and the Business and which may compete with the
Company or the Business, or for the Member's time and attention. Each Member
agrees that (i) the other Member and its members, partners, associates, agents
and affiliates may engage or invest in any activity, including, without
limitation, those that may be in direct or indirect competition with the
Company, and neither the Company nor any Member shall have any right in or to
such other activities or to the income or proceeds derived therefrom; (ii) no
Member or its members, partners, associates, agents or affiliates shall be
obligated to present any investment opportunity to the Company or the other
Member, even if the opportunity is of the character that, if presented to the
Company or the other Member, could be pursued by the Company or the other
Member; (iii) each Member shall have the right to hold any investment
opportunity for its own account or to recommend such opportunity to Persons
other than the Company or the other Member; and (iv) each Member hereby waives
any and all rights and claims which it might otherwise have against the Company
and the other Member and its members, partners, associates, agents or affiliates
as a result of any such activities, whether pursuant to the so-called corporate
opportunity doctrine or otherwise.

                                   ARTICLE IV
                   CAPITAL CONTRIBUTIONS AND CAPITAL ACCOUNTS;
                     DESIGNATED PICTURE COSTS AND RECEIPTS

4.1 Capital Contributions.

         4.1.1 Concurrently with the execution of this Agreement, each Member
shall contribute in cash to the capital of the Company the amount shown opposite
such Member's name on Appendix A. This Agreement shall be deemed delivered by
the Members, and shall become effective, upon the receipt by or for the benefit
of the Company of the Members' Capital Contributions as aforesaid. Except as
provided in Sections 4.5.2 and 4.5.3 and except as permitted in Section 4.1.2,
the Members shall have no right or obligation to make any additional
contribution to the capital of the Company.

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         4.1.2 Without creating any rights in favor of any third party, the
Members may contribute additional capital to the Company at such times and in
such amounts as they mutually determine is necessary or advisable in order to
carry on the Business.

4.2 Payment of Capital Contributions. Except as otherwise specifically provided
in this Agreement, all Capital Contributions made by the Members shall be in
money and shall be reflected by an appropriate entry on the Company's books and
records. The Manager, at the request of any Member, from time to time shall
modify and amend Appendix A hereto as necessary or appropriate to reflect any
and all Capital Contributions by the Members.

4.3 No Return of Capital Contribution; No Interest. Except as otherwise
specifically provided in this Agreement or as required by the Act, a Member
shall not be entitled to demand or receive the return of all or any portion of
its Capital Contribution or to be paid interest in respect of either its Capital
Account or Capital Contribution. Under circumstances permitting or requiring a
return of a Member's Capital Contribution, the Member shall have no right to
receive property other than cash. No Member shall be required to contribute or
to lend any money or property to the Company to enable the Company to return any
other Member's Capital Contribution.

4.4 Capital Accounts. The Company shall establish on its books and maintain in
accordance with Treas. Reg. ss.1.704-1(b)(2)(iv) a separate Capital Account for
each Member. On the Disposition of all or part of a Membership Interest as
permitted in this Agreement, the Capital Account of the transferor that is
attributable to the Membership Interest Disposed of or part thereof shall carry
over to the transferee in accordance with the provisions of Treas.
Reg.ss.1.704-1(b)(2)(iv)(l).

4.5 Funding Theatrical Distribution Costs.

         4.5.1 Deemed Loan. Theatrical Distribution Costs of each Designated
Picture shall be deemed to be provided by the Company (i) first, from, and to
the extent of, the Capital Contribution of the Designating Member (the
"Marketing Capital") and (ii) second, from, and to the extent of, the Capital
Contribution of the non-Designating Member, which amount shall be treated as an
interest-free loan from the Company to the Designating Member (the "Deemed
Loan").

         4.5.2 Recoupment. Theatrical Gross Receipts of each Designated Picture
(including any interest earned in the Designated Picture Collection Account with
respect to such Designated Picture) received by the Company ("Recoupment") shall
be credited by the Company (i) first, to repayment of any Deemed Loan and (ii)
second, to restoration of the Marketing Capital.

         4.5.3 Replenishment. To the extent that Recoupment is less than the sum
of any Deemed Loan and the Marketing Capital, the Designating Member shall
contribute to the capital of the Company, in cash, the amount of such shortfall
("Replenishment") not later than six months after initial theatrical release in
the U.S. of the subject Designated Picture. Such Replenishment shall be credited
by the Company (i) first, to repayment of any Deemed Loan and (ii) second, to
restoration of the Marketing Capital. To the extent that the Company receives
Theatrical Gross Receipts of such Designated Picture after Recoupment and, if
applicable, Replenishment, such Theatrical Gross Receipts shall be distributed
to the Designating Member with respect to such Designated Picture in accordance
with Section 5.4.

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         4.5.4 Letters of Credit. Each Member shall provide for the benefit of
the Company and the other Member a Standby Letter of Credit as provided for in
Section 3.3 of the Film Marketing and Distribution Agreement, which shall be
available for draw as provided therein for Recoupment and Replenishment.

4.6 Expenses. All expenses incurred by the Company (other than expenses in
connection with the negotiation and preparation of this Agreement and any
certificates or statements to be filed or recorded in connection herewith and
except for expenses in connection with the marketing and theatrical distribution
of Designated Pictures as prescribed in the Film Marketing and Distribution
Agreement), shall constitute a Company expense and shall be paid by the Manager
of the Company from income of the Company [(excluding Theatrical Gross Receipts
of each Designated Picture and any interest earned in the Designated Picture
Collection Account with respect to such Designated Picture)].

4.7 Payment of Note. Whenever the principal of the Note becomes payable, payment
of principal and/or interest due to Seven Hills thereunder shall, at the
election of Seven Hills, be paid by the Company solely out of any cash or other
property that would otherwise be distributable to First Look pursuant to this
Agreement (including any Distributable Cash attributable to a First Look
Designated Picture). Such payment of the Note shall be deemed to be a
distribution by the Company to First Look which shall reduce the Capital Account
of First Look (and shall not affect the Capital Account of Seven Hills).

                                   ARTICLE V
             ALLOCATION OF NET PROFITS, NET LOSSES AND DISTRIBUTIONS

5.1 Allocations of Net Profits and Net Losses. For each taxable year Net Profits
and Net Losses shall be allocated as follows:

         5.1.1 Net Profits and Net Losses attributable to a Designated Picture
(including any interest earned in the Designated Picture Collection Account with
respect to such Designated Picture) shall be allocated to the Designating Member
with respect to such Designated Picture.

         5.1.2 Except as provided in Section 5.1.1, Net Profits and Net Losses
shall be allocated to the Members in accordance with their respective Percentage
Interests.

5.2 Special Allocations.

         5.2.1 Notwithstanding the provisions of Section 5.1 and Section 9.4
hereof, if there is a net decrease in Minimum Gain during any taxable year, each
Member shall be specially allocated items of Company income and gain for such
year (and, if necessary, in subsequent years) in an amount equal to the portion
of such Member's share of the net decrease in Minimum Gain that is allocable to
the disposition of Company property subject to a Nonrecourse Liability, which
share of such net decrease shall be determined in accordance with Treas. Reg.ss.
1.704-2(g)(2). Allocations pursuant to this Section 5.2.1 shall be made in
proportion to the amounts required to be allocated to each Member under this
Section 5.2.1. The items to be so allocated shall be determined in accordance
with Treas. Reg.ss.1.704-2(f). This Section 5.2.1 is intended to comply with the
minimum gain chargeback requirement contained in Treas. Reg.ss.1.704-2(f) and
shall be interpreted consistently therewith.

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         5.2.2 Notwithstanding the provisions of Section 5.1, if there is a net
decrease in Minimum Gain attributable to a Member Nonrecourse Debt during any
taxable year, each Member who has a share of the Minimum Gain attributable to
such Member Nonrecourse Debt (which share shall be determined in accordance with
Treas. Reg. ss. 1.704-2(i)(5)) shall be specially allocated items of Company
income and gain for such taxable year (and, if necessary, in subsequent years)
in an amount equal to that portion of such Member's share of the net decrease in
Minimum Gain attributable to such Member Nonrecourse Debt that is allocable to
the disposition of Company property subject to such Member Nonrecourse Debt
(which share of such net decrease shall be determined in accordance with Treas.
Reg. ss. 1.704-2(i)(5)). Allocations pursuant to this Section 5.2.2 shall be
made in proportion to the amounts required to be allocated to each Member under
this Section 5.2.2. The items to be so allocated shall be determined in
accordance with Treas. Reg. ss. 1.704-2(i)(4). This Section 5.2.2 is intended to
comply with the minimum gain chargeback requirement contained in Treas. Reg. ss.
1.704-2(i)(4) and shall be interpreted consistently therewith.

         5.2.3 Notwithstanding the provisions of Section 5.1, any Nonrecourse
Deductions for any taxable year or other period shall be specially allocated to
the Members in accordance with their respective Percentage Interests.

         5.2.4 Notwithstanding the provisions of Section 5.1, any Member
Nonrecourse Deductions shall be specially allocated to the Member who bears the
economic risk of loss with respect to the Member Nonrecourse Debt to which such
items are attributable in accordance with Treas. Reg.ss.1.704-2(i).

         5.2.5 Notwithstanding the provisions of Section 5.1, if a Member
unexpectedly receives any adjustments, allocations, or distributions described
in Treas. Reg. ss. 1.704-1(b)(2)(ii)(d)(4), (5) or (6), or any other event
creates a deficit balance in such Member's Capital Account in excess of such
Member's share of Minimum Gain, items of Company income and gain shall be
specially allocated to such Member in an amount and manner sufficient to
eliminate such excess deficit balance as quickly as possible. Any special
allocations of items of income and gain pursuant to this Section 5.2.5 shall be
taken into account in computing subsequent allocations of income and gain
pursuant to this Article V so that the net amount of any item so allocated and
the income, gain, and losses allocated to each Member pursuant to this Section
5.2.5 to the extent possible, shall be equal to the net amount that would have
been allocated to each such Member pursuant to the provisions of this Article V
if such unexpected adjustments, allocations, or distributions had not occurred.

         5.2.6 Notwithstanding any other provision in this Article V, in
accordance with Section 704(c) of the Code, income, gain, loss, and deduction
with respect to any property contributed to the capital of the Company shall,
solely for tax purposes, be allocated among the Members so as to take account of
any variation between the adjusted basis of such property to the Company for
federal income tax purposes and its fair market value on the date of
contribution. Allocations pursuant to this Section 5.2.6 are solely for purposes
of federal, state, and local taxes; as such, they shall not affect or in any way
be taken into account in computing a Member's Capital Account or share of Net
Profits, Net Losses, or items of distribution pursuant to any provision of this
Agreement.

                                       11
<Page>

         5.2.7 In the event any Member has a deficit Capital Account at the end
of any Company taxable year which is in excess of the sum of (i) the amount, if
any, such Member is obligated to restore and (ii) the amount such Member is
deemed to be obligated to restore pursuant to the next to the last sentences of
Treas. Reg. ss.ss. 1.704-2(g)(1) and 1.704-2(i)(5), each such Member shall be
specially allocated items of Company income and gain in the amount of such
excess as quickly as possible, provided that an allocation pursuant to this
Section 5.2.7 shall be made if and only to the extent that such Member would
have a deficit Capital Account in excess of such sum after all other allocations
provided for in this Article V have been tentatively made as if this Section
5.2.7 and Section 5.2.5 were not in this Agreement.

5.3 Allocation of Net Profits and Loss in Respect of a Transferred Interest. If
a Member's Membership Interest is transferred, or is adjusted by reason of the
admission of a new member to the Company, or otherwise, during any taxable year,
each item of income, gain, loss, deduction, or credit of the Company for such
taxable year shall be apportioned by the Manager in the Manager's discretion
which is allowed under Section 706 of the Code. Notwithstanding any provision
above to the contrary, gain or loss of the Company realized in connection with a
Disposition of any of the assets of the Company shall be allocated solely to the
Members holding Membership Interests as of the date such Disposition occurs (or
to any particular Member or Members required by Code section 704(c), if
applicable to such Disposition).

5.4 Distributions. Subject to any restrictions under applicable law, the Company
shall distribute not less frequently than annually all Distributable Cash
attributable to a Designated Picture to the Designating Member with respect to
such Designated Picture. Distributions of Distributable Cash, if any, not
attributable to a Designated Picture shall be made not less frequently than
annually to the Members in accordance with their respective Percentage
Interests.

5.5 Form of Distribution. Except as provided for in Section 9.3, a Member has no
right to demand or receive any distribution from the Company in any form other
than money. Likewise, except in the event of the Company's dissolution and as
provided for in Section 9.3, no Member may be compelled to accept from the
Company a distribution of any asset in kind.

                                   ARTICLE VI
                                   MANAGEMENT

6.1 Management by the Manager. Except for matters as to which this Agreement
specifically reserves to the Members the authority to act, or to grant or
withhold their consent or approval of an action, Seven Hills or its designee
(the "Manager") shall have full, complete, and exclusive authority to manage and
control the business, property, and affairs of the Company and to make all
decisions regarding the same except that, as to any collection, infringement or
other action initiated by or against a third party regarding a Designated
Picture ("Lawsuit"), the Designating Member with respect thereto shall control
the prosecution and/or defense thereof, . Without limiting the generality of
foregoing, but subject to the immediately preceding sentence, Section 6.2 and to
the express limitations set forth elsewhere in this Agreement, the Manager shall
have all power and authority necessary or appropriate to manage and carry out
the purpose, business, property, and affairs of the Company.

                                       12
<Page>

6.2 Limitations on Manager's Rights and Powers. Notwithstanding any other
provision of this Agreement, the Manager shall have no authority under this
Agreement to cause the Company to undertake or engage in any of the following
transactions without first obtaining the approval of the Members:

         (a) a change in the amount or character of a Member's Capital
Contribution;

         (b) the establishment of different classes of Members;

         (c) any action that would make it impossible to carry on the Business;

         (d) any action contrary or outside the scope of the Business;

         (e) the sale of all or substantially all of the Company's assets in a
single transaction or a series of related transactions;

         (f) the merger or consolidation of the Company with one or more other
entities;

         (g) the voluntary liquidation or dissolution of the Company;

         (h) incurring any indebtedness for borrowed money in the name of or on
the credit of the Company;

         (i) filing any lawsuits on behalf of the Company (other than any
Lawsuit described in Section 6.1 above);

         (j) any amendment of this Section 6.2; or

         (k) any other transaction specifically described in this Agreement as
requiring the vote, consent or approval of the Members.

6.3 Compensation of Manager. The Manager shall not be entitled to any
compensation or remuneration for acting in the Company's business; provided,
however, that the Company shall reimburse the Manager for its actual expenses in
performance of services on behalf of the Company in a manner consistent with the
Manager's actual authority under this Agreement, upon presentation of customary
vouchers therefor.

6.4 Resignation and Filling of Vacancy of Manager; Filling of Vacancy. The
Manager may resign at any time by giving written notice to the Members. Any
resignation shall take effect at the date of the receipt of that notice or at
any later time specified in that notice, and, unless otherwise specified in that
notice, the acceptance of the resignation shall not be necessary to make it
effective. In the event of a vacancy in the office of Manager, whether by
resignation of the Manager or otherwise, such vacancy shall be filled by a
designee of Seven Hills.

6.5 Officers. The Manager in its discretion may from time to time designate one
or more individuals, including, without limitation, any Member or an affiliate
of a Member, to be officers of the Company with such titles as the Manager may
assign to such individuals. All officers shall serve without compensation by the
Company and at the pleasure of the Manager. Any individual may hold any number
of offices. No officer need be a citizen of the United States. The officers
shall exercise such powers and perform such duties of the Manager hereunder,
subject to the restrictions and limitations of this Agreement, as shall be
delegated from time to time by the Manager. Any officer may be removed, either
with or without cause, by the Manager at any time, and the designation of any
individual as an officer of the Company shall not of itself create any right or
contract of employment. Any officer may resign at any time by giving written
notice to the Company.

                                       13
<Page>

6.6 Nature of Relationship. During the existence of the Company, the Members,
the Manager, and officers of the Company shall devote only such time and effort
to the Company business and operations as is reasonably required; however, it is
specifically understood and agreed that no Member, Manager or officer shall be
required to devote full time to the Company's business, and the Members,
Managers and officers of the Company at any time and from time to time may
engage in and possess interests in other business ventures of any and every type
and description, independently or with others. The Members, Managers and
officers of the Company shall not be liable for errors in judgment in the
management of the Company's affairs or the conduct of its business, including
for their negligence or partial negligence, unless constituting fraud, gross
negligence or breach of the provisions hereof.

                                  ARTICLE VII
                                   TAX MATTERS

7.1 Tax Returns. The Manager shall be the "Tax Matters Partner" (as defined in
Code Section 6231). The Manager, at the Company's expense, shall cause to be
prepared and filed all necessary federal, state, and local income tax returns
for the Company.

7.2 Tax Elections. The Manager shall cause the Company to make the following
elections on the appropriate tax returns:

         7.2.1 to adopt the calendar year as the Company's fiscal year;

         7.2.2 to adopt an appropriate method of accounting and to keep the
Company's books and records on that method; and

         7.2.3 any other election the Manager may deem appropriate and in the
best interests of the Company and both Members.

It is the intent of the Members that the Company be treated as a partnership for
federal income tax purposes and, to the extent permitted by applicable law, for
state and local franchise and income tax purposes. Neither the Company, the
Manager nor any Member may make an election for the Company to be excluded from
the application of the provisions of subchapter K of chapter 1 of subtitle A of
the Code or any similar provisions of applicable state or local law, and no
provision of this Agreement shall be construed to sanction or approve such an
election.

                                       14
<Page>

                                  ARTICLE VIII
                              RECORDS AND REPORTING

8.1 Maintenance of Books. The Manager shall cause books of account for the
Company to be maintained on the accounting method elected as provided in Section
7.2.2, except that Capital Accounts shall be maintained in accordance with
Section 4.4.

8.2 Access. In addition to the other rights specifically set forth in this
Agreement, each Member shall have access to all information to which a Member is
entitled to have access pursuant to the Act and such other information regarding
the Company as it may reasonably request from time to time. In this regard, the
Manager and each Member shall promptly forward to the other Member copies of all
notices the Company, the Manager or such Member receives regarding the Company
or the Business.

8.3 Bank Accounts. The Manager may cause the Company to establish and maintain
in the Company's name one or more separate bank and investment accounts for the
Company's funds with such financial institutions and firms as the Manager may
select. The Manager shall not commingle the Company's funds with other funds of
any other Person. The Manager and its designees shall be entitled to sign checks
and other banking instruments on behalf of the Company.

                                   ARTICLE IX
                           DISSOLUTION AND WINDING UP

9.1 Conditions of Dissolution. The Company shall be dissolved, its assets shall
be disposed of, and its affairs wound up on the first to occur of the following:

         (a) the vote, consent or approval of both Members to dissolve the
Company;

         (b) the election of Seven Hills to terminate the Film Marketing and
Distribution Agreement upon any material breach by First Look of the Film
Marketing and Distribution Agreement, or the occurrence of an "Event of Default"
as defined in the Pledge and Security Agreement, which breach or "Event of
Default" is not cured in accordance with the applicable agreement;

         (c) the election of First Look to terminate the Film Marketing and
Distribution Agreement upon any material breach by Seven Hills of the Film
Marketing and Distribution Agreement, which breach is not cured in accordance
therewith;

         (d) the entry of a decree of judicial dissolution under the Act; or

         (e) the expiration of the term of the Company pursuant to Section 2.6.

9.2 Winding Up. Upon the occurrence of any event specified in Section 9.1, the
Company shall continue for a period of 3 months (the "Winding-Up Period"),
solely for the purpose of winding up its affairs in an orderly manner,
liquidating its assets, and satisfying the claims of its creditors. The Manager,
or if any Member has wrongfully dissolved the Company, the other Member, shall
oversee the winding up and liquidation of Company, shall take full account of
the liabilities of Company and assets, shall either cause its assets to be sold
as promptly as is consistent with obtaining the fair market value thereof or,
with the consent of both Members, distributed and, if sold, shall cause the
proceeds therefrom, to the extent sufficient therefor, to be applied and
distributed as provided in Section 9.4.

                                       15
<Page>

9.3 Distributions in Kind. Other than Designated Pictures and all distributable
non-monetary assets related to Designated Pictures, which shall be distributed
to the Designating Member of the subject Designated Picture, any non-monetary
asset distributed to one or more Members shall first be valued at its fair
market value to determine the Net Profits or Net Losses that would have resulted
if such asset were sold for such value, such Net Profits or Net Losses shall
then be allocated pursuant to Article V and the Members' Capital Accounts shall
be adjusted to reflect such allocations. The amount distributed and charged to
the Capital Account of each Member receiving an interest in such distributed
asset shall be the fair market value of such interest (net of any liability
secured by such asset that such Member assumes or takes subject to). The fair
market value of such asset shall be determined by the Members; provided,
however, that, if the Members do not agree on the fair market value, either
Member, by notice to the other Member, may require the determination of fair
market value to be made by an independent professional appraiser specified in
such notice. The determination of the independent professional appraiser,
however designated, will be final and binding on all parties. The Members each
shall pay one-half of the costs of the appraisal. Notwithstanding the foregoing,
if the Member receiving notice as aforesaid objects on or before the tenth day
following receipt to the independent professional appraiser designated in the
notice, and the Members otherwise fail to agree on an independent professional
appraiser within ten days thereof, each Member shall, within the following
15-day period, designate an independent professional appraiser, who together
shall, within ten days after both of them have been designated, select a third
independent professional appraiser. The determination of a majority of the three
appraisers so designated as to fair market value of the asset shall be final and
binding on all parties. Each Member shall pay the costs of the appraiser
designated by it and shall pay one-half of the costs of the third appraiser so
designated. Each appraiser shall have at least five years current experience in
appraising investments such as the Business within the Los Angeles, California,
area and shall be unaffiliated and independent of the Members and their
respective affiliates.

9.4 Order of Payment of Liabilities Upon Dissolution. After (i) determining that
all the known debts and liabilities of the Company in the process of winding up,
including without limitation the Note and any other debts and liabilities to
Members who are creditors of the Company, have been paid or adequately provided
for ("Ordinary Business Debt Payments"), (ii) Recoupment and Replenishment, if
applicable, and (iii) distributions of Distributable Cash pursuant to Section
5.4, if applicable, the remaining assets shall be distributed between the
Members in accordance with their respective positive Capital Account balances,
after taking into account allocations for the fiscal year during which
liquidation occurs. Such liquidating distributions shall be made by the end of
the fiscal year in which the Company is liquidated, or, if later, within 30 days
after the date of such liquidation. All payments to the Members upon the winding
and dissolution of Company shall be strictly in accordance with the positive
capital account balance limitation and other requirements of Treas. Reg. ss.
1.704-1(b)(2)(ii)(d). Notwithstanding the foregoing, the Company shall retain
during the Winding-Up Period for payment of the Note under Section 4.7 an amount
of cash or other property that would otherwise be distributable to First Look
pursuant to this Section 9.4 (including any Distributable Cash attributable to a
First Look Designated Picture) equal to principal and/or interest due to Seven
Hills under the Note.

                                       16
<Page>

9.5 Cancellation and Filings. Upon completion of the distribution of Company
assets as provided herein, the Company shall thereupon terminate, and the
Manager or the Members shall make such filings with the Secretary of State and
take such other actions as may be necessary under the Act to terminate the
Company.

                                   ARTICLE X
                               GENERAL PROVISIONS

10.1 Indemnification. The Manager shall be indemnified by the Company for any
acts or omission committed in the discharge of such Manager's duties hereunder,
unless such act or omission is performed in bad faith or involves fraud, or
intentional breach or disregard of the express terms of this Agreement or a
knowing violation of law.

10.2 Notices. Notices that may or are required to be given under this Agreement
by the Company or any Member shall be in writing and shall be given to the
Company at its principal office and to the respective Members at their addresses
set forth on the signature pages to this Agreement or at any other address
designated by any Member by notice addressed to the Company and the other
Member. Notices shall be deemed to have been given when received at the
principal office of the Company or at the address of the Member to whom it is
given.

10.3 Governing Law. Except as hereinafter provided, this Agreement shall be
governed by and in accordance with the laws of the State of Delaware without
giving effect to principles of conflicts of law.

10.4 Successors and Assigns. This Agreement shall inure to the benefit of, and
shall be binding upon, the heirs, executors, administrators or other
representatives, successors, and assigns of the Members.

10.5 Entire Agreement. This Agreement, together with the Appendices hereto and
the other agreements referred to herein, constitute the entire understanding and
agreement of the Members and supersedes all other prior understandings and
agreements, written or oral, between the Members. To the extent that any
provision of the Film Marketing and Distribution Agreement conflicts or is
inconsistent with any provision of this Agreement, the Film Marketing and
Distribution Agreement shall control.

10.6 Counterparts; Facsimile Signatures. This Agreement may be executed by
original or facsimile signature in any number of counterparts, each of which
shall be deemed an original but all of which shall constitute one and the same
instrument.

                                       17
<Page>

10.7 Amendments; Waivers and Modifications.

         (a) All amendments to this Agreement shall be in writing and signed by
both Members.

         (b) Any waiver or consent, express, implied or deemed to or of any
breach or default by any Person in the performance by that Person of its
obligations with respect to the Company or any action inconsistent with this
Agreement is not a consent or waiver to or of any other breach or default in the
performance by that Person of the same or any other obligations of that Person
with respect to the Company or any other such action. Failure on the part of a
Person to complain of any act of any Person or to declare any Person in default
with respect to the Company, irrespective of how long that failure continues,
does not constitute a waiver by that Person of its rights with respect to that
default until the applicable statute-of-limitations period has run. All waivers
and consents hereunder shall be in writing and shall be delivered to the Company
and the Members in the manner set forth in Section 10.2. A Member may grant or
withhold any waiver or consent in its absolute sole discretion.

10.8 Parties in Interest. Except as expressly provided in the Act, nothing in
this Agreement shall confer any rights or remedies under or by reason of this
Agreement on any Persons other than the Members and their respective successors
and assigns, nor shall anything in this Agreement relieve or discharge the
obligation or liability of any Person to any Member.

10.9 Additional Documents and Acts. Each Member agrees to execute and deliver
such additional documents and instruments and to perform such additional acts as
may be necessary or appropriate to effectuate, carry out, and perform all of the
terms, provisions, and conditions of this Agreement and the transactions
contemplated hereby.

10.10 Time is of the Essence. All dates and times in this Agreement are of the
essence.

10.11 Members Not Agents. Nothing contained in this Agreement shall be construed
to constitute any Member the agent of another Member, except as specifically
provided in this Agreement, or in any manner to limit any Member in the carrying
on of their own respective businesses or activities.

10.12 Severability. Each provision of this Agreement is intended to be
severable. A determination that a particular provision of this Agreement is
illegal or invalid shall not affect the validity of the remainder of this
Agreement.

10.13 Waiver of Certain Rights. Each Member irrevocably waives any right it
might otherwise have to maintain any action for partition of any of the
Company's property or assets, and any right it might otherwise have to file on
behalf of the Company a petition in bankruptcy of the Company.

10.14 Arbitration. The Members agree that any and all disputes, controversies or
claims arising out of or relating to this Agreement shall be resolved by
agreement among the Members or, if notice is given by either Member as provided
below and the matter is not settled within 30 days thereafter, by resort to
arbitration in accordance with the California Code of Civil Procedure Sections
1280-1294.2. Commercial Arbitration Rules, as amended from time to time, of the
American Arbitration Association and the following provisions; provided,
however, that the provisions of this Section 10.14 shall prevail in the event of
any conflict with such Rules. Each Member shall within 30 days after the giving
of notice by one Member to the other Member of its desire to refer the matter in
dispute to arbitration, appoint one arbitrator, and both of the arbitrators so
appointed shall within 20 days after the second of their respective appointments
appoint a third arbitrator as a neutral and impartial arbitrator, and the three
arbitrators so appointed shall constitute the arbitration panel over which the

                                       18
<Page>

third arbitrator shall preside. If either Member fails to appoint its arbitrator
within said 30-day period, the other Member may petition the Superior Court for
the State of California, County of Los Angeles (the "Court") for appointment (or
to compel the appointment) of such arbitrator, and the Members shall be bound by
the appointment. If the two arbitrators so appointed fail to agree on a third
arbitrator, either Member may petition the Court for appointment of said third
arbitrator, and the Members shall be bound by the selection of the Court. If any
Person appointed as arbitrator shall die, fail to act, resign, become
disqualified, or be removed by the Person appointing such arbitrator, the Person
who appointed such arbitrator shall with 15 days after such death, failure to
act, resignation, disqualification or removal appoint a substitute arbitrator.
If such substitute appointment is not made within 15 days, any Member may
petition the Court for appointment of such substitute arbitrator, and such
appointment shall be binding on the Members. Any such arbitration proceedings
shall be held in Los Angeles, California at a location to be determined by the
arbitrators. The written decisions and conclusions of a majority of the
arbitration panel with respect to the matters referred to them pursuant hereto
shall be final and binding on the Members, and confirmation and enforcement
thereof may be rendered thereon by any court having jurisdiction upon
application of any Member that is a party to the arbitration proceeding;
provided, however, that the arbitration panel shall have no power or authority
under this Agreement or otherwise to award or provide for the award of punitive
damages against any party. The costs and expenses incurred in the course of such
arbitration shall be borne by the Member against whose favor the decisions and
conclusions of the arbitration panel are rendered; provided, however, that, if
the arbitration panel determines that its decisions are not rendered wholly
against the favor of one Member or the other, the arbitration panel shall be
authorized to apportion such costs and expenses in a matter that it deems fair
and just in light of the merits of the dispute and its resolution.

10.15 Attorneys' Fees. In the event of any arbitration, litigation, or other
legal proceeding involving the interpretation of this Agreement or enforcement
of the rights or obligations of the parties hereto, the prevailing party or
parties shall be entitled to recover reasonable attorneys' fees and costs.

                            [SIGNATURE PAGE FOLLOWS]

                                       19

<Page>

         IN WITNESS WHEREOF, the Members have executed this Agreement as of the
date first above written.

Address:   1041 North Formosa Avenue                   SEVEN HILLS PICTURES, LLC
           Santa Monica Building East, Ste. 201
           W. Hollywood, CA 90046                      By /s/ Reverge Anselmo
                                                         -----------------------
                                                         Reverge Anselmo
                                                         Manager

Address:   8000 Sunset Boulevard                       FIRST LOOK MEDIA, INC.
           Penthouse E
           Los Angeles, CA 90046                       By /s/ Christopher Cooney
                                                         -----------------------
                                                         Christopher Cooney
                                                         Co-Chairman and
                                                         Chief Executive Officer

                                       20

<Page>

                                   APPENDIX A
                                       to
        Limited Liability Company Agreement of First Look/Seven Hills LLC

                               ____________, 2002

                              CAPITAL CONTRIBUTIONS

                              Initial        Additional
                              Capital         Capital
           Member's Name   Contribution    Contributions   Percentage Interest
-------------------------  -------------  ---------------  -------------------
                              $2,000,000       -0-                  50%
Seven Hills Pictures, LLC
First Look Media, Inc.        $2,000,000       -0-                  50%
                           -------------  ---------------  -------------------
Total                         $4,000,000       -0-                 100%
                           =============  ===============  ===================

                                       21Exhibit 10.33

                    FILM MARKETING AND DISTRIBUTION AGREEMENT

         THIS AGREEMENT is made as of the 25th day of June, 2002, among First
Look Media, Inc., a Delaware corporation ("First Look"), Seven Hills Pictures,
LLC, a Connecticut limited liability company ("Seven Hills") and First
Look/Seven Hills, LLC, a Delaware limited liability company (the "F/SLLC"):

                                    RECITALS:

A. First Look and Seven Hills have entered into certain agreements, including a
Securities Purchase Agreement dated as of May 20, 2002 ("Securities Purchase
Agreement"), and have formed F/SLLC, pursuant to a Limited Liability Company
Agreement (the "F/SLLC Agreement"), dated as of the date of this Agreement.

B. The purpose of F/SLLC, as set forth in the F/SLLC Agreement, and as set forth
in more detail in this Agreement, is (i) the establishment of a "print and ad"
fund (i.e., a fund covering United States marketing and distribution costs as to
theatrical release of films to be designated by the parties) and (ii) the United
States theatrical marketing and distribution of such designated films in
accordance with this Agreement.

C. This Agreement shall govern certain marketing and distribution activities and
the expenditure of funds for distribution costs and expenses in connection
therewith for the films made subject to this Agreement.

                                   AGREEMENT:

         NOW, THEREFORE, in consideration of the promises and mutual covenants
and agreements hereinafter contained, First Look, Seven Hills and F/SLLC hereby
agree as follows:

<Page>

1. Definitions. For purposes of this Agreement, the definitions set forth on
Exhibit A attached hereto and following definitions will apply:

         (a) "Picture" will mean a new and original feature length motion
picture having an MPAA rating no more restrictive than an "R" rating, in 35 mm
color or black and white, with a running time of not less than 80 or more than
140 minutes, in customary aspect ratio and produced with the intention that such
Picture be released for exhibition in theaters in the United States.

         (b) "Designated Picture" means a Picture produced, acquired, owned
and/or exclusively controlled for U.S. theatrical distribution by either First
Look or Seven Hills and designated by written notice from the party to this
Agreement which controls such Picture to the other parties to this Agreement as
a Picture to be distributed in the United States under this Agreement. "Seven
Hills Designated Picture" means a Picture so designated by Seven Hills. "First
Look Designated Picture" means a Picture so designated by First Look. A Picture
not so designated shall not be deemed a Designated Picture.

         (c) "Designated Picture Disbursement Account" means, as to each
Designated Picture, a separate bank account of F/SLLC into which the funds for
disbursement of the Theatrical Distribution Costs (as defined in Exhibit A
attached hereto) relating to such Designated Picture shall be deposited and from
which account said funds shall be expended as to distribution of the subject
Designated Picture.

         (d) "Designated Picture Collection Account" means, as to each
Designated Picture, a separate bank account of F/SLLC into which all collected
revenue from theatrical distribution in the United States of the subject
Designated Picture shall be deposited.

         (e) "Designating Party" means, as between Seven Hills and First Look,
with respect to a particular Designated Picture, whichever party designated such
Designated Picture hereunder.

         (f) "Authorized Signatory (or Signatories)" shall mean, as to each
Designated Picture Disbursement Account, the signatory person or signatory
persons representing the Designating Party that is authorized under the terms of
this Agreement to draw funds for payment of Theatrical Distribution Costs for
the subject Designated Picture.

         (g) "Joint Signatories" means the signatories representing First Look
and Seven Hills, respectively, that are jointly authorized to draw funds from
the Designated Picture Collection Accounts in accordance with this Agreement.

                                       2
<Page>

2. Funding and Designation of Pictures.

         2.1 Funding. Upon the Closing (as defined in Section 1.3 of the
Securities Purchase Agreement), Seven Hills and First Look shall each deposit
into a single bank account of F/SLLC (the "LLC Funding Account") the sum of $2
million, resulting in an aggregate deposit of $4 million (the "Fund"),
representing the capital contribution to F/SLLC by First Look and Seven Hills in
accordance with Section 4.1 of the F/SLLC Agreement. Withdrawals from the LLC
Funding Account shall be made only in accordance with this Agreement and only
upon joint signature of representative(s) of each of First Look and Seven Hills
until such time as a Seven Hills Designated Picture or a First Look Designated
Picture is designated hereunder, at which time said funds shall be deposited in
the applicable Designated Picture Disbursement Account, which will be controlled
by the Designating Party as to the Designated Picture and subject to draw by the
Designating Party in accordance with this Agreement through the signature of an
Authorized Signatory of the Designating Party. Wherever feasible, funds in the
LLC Funding Account, Designated Picture Disbursement Accounts and Designated
Picture Collection Accounts shall be held in money market accounts earning
interest at prevailing money market interest rates.

         2.2 Designation of Pictures. The Designated Pictures will be designated
alternatively by Seven Hills and First Look. The Designating Party shall be
entitled to use up to the entire $4 million balance of the Fund for the U.S.
marketing and theatrical distribution of its Designated Picture, provided that a
Letter of Credit is issued in a timely manner and as described in Section 3.3.
Seven Hills shall have the right to designate the initial Designated Picture for
initial theatrical release in the United States under this Agreement by a date
within six (6) months after the Closing ("Initial Seven Hills Designation
Date"), and shall cause such Designated Picture's U.S. theatrical release by a
date not later than 12 months after the Closing ("Initial Seven Hills Release
Date"). The Initial Seven Hills Designation Date and Initial Seven Hills Release
Date may be extended for up to three (3) months by reason of a Force Majeure
Event (as defined in Section 17).

                                       3

<Page>

         2.3 Designation and Release of Subsequent Pictures. After the first to
occur of (i) the initial theatrical release of the Initial Seven Hills
Designated Picture and (ii) the Initial Seven Hills Release Date (as may be
extended under Section 2.2), First Look shall have the right to designate its
initial Designated Picture not later than six (6) months after the Initial Seven
Hills Release Date, with U.S. theatrical distribution to commence not later than
eight (8) months after the Initial Seven Hills Release Date. The foregoing
procedure shall then alternate between Seven Hills and First Look as to
designation date and release date of subsequent Designated Pictures in
accordance with the time periods applicable to the initial First Look Designated
Picture. Notwithstanding the foregoing, if either party fails to meet either of
the applicable deadlines as to designation or release (subject in all cases to
extension for up to three (3) months if a Force Majeure Event should occur)
under Section 2.2 or this Section 2.3, the Designating Party shall have thirty
(30) days after written notice from another party (i.e., First Look, Seven Hills
or F/SLLC) to this Agreement within which to cure said failure. Failing such
cure, the subject Designating Party shall lose its right to release the subject
Designated Picture (the "Relinquished Release"), and the alternating procedure
shall go forward as if the Relinquished Release had been timely designated and
released. Any funds taken from the LLC Funding Account or any other account
hereunder as to said Relinquished Release shall immediately be redeposited by
the Designating Party of the Relinquished Release into the LLC Funding Account
upon such failure of cure.

         2.4 Accelerated Release.

                  2.4.1 Notwithstanding anything to the contrary contained
herein, each of First Look and Seven Hills shall have the right to designate a
Picture for accelerated release ("Accelerated Release").

                                       4
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                  2.4.2 An Accelerated Release may occur as follows: The
Designating Party may designate an Accelerated Release at any time after the
release date of the other party's most recent Designated Picture ("Prior
Designated Picture") prior to the Recoupment (as defined in Section 3.1) or
Replenishment (as defined in Section 3.2) of the full LLC Funding Account,
provided that the party designating an Accelerated Release shall provide full
new funding for Theatrical Distribution Costs for such Accelerated Release by
depositing the funds deemed necessary by the Designating Party in a separate
Designated Picture Disbursement Account specifically created for the Accelerated
Release. Said Designating Party shall be entitled to return of said Theatrical
Distribution Costs so advanced upon Recoupment or Replenishment by the preceding
Designating Party of Theatrical Distribution Costs with respect to the Prior
Designated Picture required to be backed by the Letter of Credit in accordance
with Section 3.3.

         2.5 Non-Exclusivity. Designation of Pictures by either First Look or
Seven Hills shall be on a voluntary basis and this Agreement shall be
non-exclusive as to distribution arrangements by each of the parties as to
theatrical motion pictures controlled by it; provided, however, that once a
Picture is designated as a Designated Picture and marketed and/or released for
U.S. theatrical distribution utilizing the Fund or the LLC Funding Account, such
distribution shall be done exclusively under the terms hereof. It is also agreed
that First Look or Seven Hills shall have the right to arrange distribution in
the United States by an outside distributor ("Outside Distributor") of
theatrical and all other Rights to any of its Designated Pictures (such Pictures
being referred to as "Outside Pictures"), utilizing all or part of the LLC
Funding Account in accordance with this Agreement; provided that with respect to
any such Rights as to a Seven Hills Picture distributed through an Outside
Distributor, the provisions of Section 3 (other than Section 3.1) shall apply,
and Recoupment and Replenishment shall be based on the Designating Party's net
proceeds after deduction from gross receipts of the fees and distribution costs
of the Outside Distributor, all subject to the requirements of Section 3.3 as to
Letters of Credit; and provided, further, that any advance or deposit from an
Outside Distributor shall be paid and applied first toward Recoupment of any
portion of the Fund or LLC Funding Account, and any Outside Distributor shall be
instructed as a condition to any such outside distribution to make all payments
due with respect to a Designated Picture that the Outside Distributor is
distributing directly to F/SLLC for deposit in the applicable Designated Picture
Collection Account.

3. Contracts, Cash Flow, Recoupment and Replenishment.

         3.1 Contracts; Cash Flow. Subject to Section 2.5, all exhibition and
distribution contracts with respect to distribution of each Designated Picture
shall (i) be subject to the approval of the Designating Party, (ii) be
negotiated and documented by the First Look Theatrical Distribution Department,
(iii) be made by and in the name of F/SLLC, (iv) be executed on behalf of F/SLLC
by the Designating Party and (v) provided that all Theatrical Gross Receipts (as
defined in Exhibit A attached hereto) shall be deposited in the Designated
Picture Collection Account as to the subject Designated Picture. First Look
shall be entitled to receive on a monthly basis, within twenty (20) days after
the end of each month, a Theatrical Distribution Fee (as defined in Section 6.1)
for each Designated Picture (other than Designated Pictures of Seven Hills
distributed in the U.S. by an Outside Distributor), paid solely from the
Theatrical Gross Receipts of the subject Designated Picture. The remainder of
the Theatrical Gross Receipts for any Designated Picture shall be retained by
F/SLLC and applied toward recoupment ("Recoupment") of the Theatrical
Distribution Costs expended on such Designated Picture and any excess balance
after Recoupment shall be paid and accounted for to the subject Designating
Party on a monthly basis in accordance with Section 18.1; provided that if Seven
Hills or First Look elects to spend in excess of $4 million in Theatrical
Distribution Costs as to any Designated Picture, any such excess shall be
recouped in third position out of such Theatrical Gross Receipts after payment
of the Theatrical Distribution Fee to First Look and Recoupment of $4 million,
and shall be paid and accounted for to the subject Designating Party when and if
available in accordance with Section 18.1.

         3.2 Replenishment. Consistent with the F/SLLC Agreement, the
Designating Party shall pay into the Designated Picture Disbursement Account as
to the next Designated Picture the sum necessary to replenish ("Replenishment")
the LLC Funding Account to $4 million to the extent that Theatrical Gross
Receipts (less Theatrical Distribution Fees) as to U.S. theatrical distribution
of the subject Designated Picture held in the subject Designated Picture
Collection Account are less than $4 million (after including interest earned and
accumulated in said Designated Picture Collection Account) not later than six
(6) months after initial theatrical release in the U.S. of the subject
Designated Picture. To the extent that Theatrical Gross Receipts are later
received from theatrical distribution of such Designated Picture after
Replenishment, an amount equal to such Theatrical Gross Receipts (less
applicable Theatrical Distribution Fees) shall be distributed to such
replenishing party in accordance with Section 18.1 of this Agreement.

                                       6

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         3.3 Letters of Credit. Each of Seven Hills and First Look shall provide
for the benefit of the other party and the LLC, for deposit into the LLC Funding
Account, a Standby Letter of Credit issued by JPMorgan Chase Bank (or another
bank reasonably approved in writing by the beneficiary of said Letter of Credit)
(the "Letters of Credit") in form and substance reasonably satisfactory to both
First Look and Seven Hills and subject to the following requirements: Letters of
Credit shall be issued (a) not later than ten (10) days prior to first draw of
funds as to the subject Designated Picture (evidenced by a written notice, which
includes a copy of the form of Letter of Credit, to F/SLLC and the other party
from the Designating Party); (b) in an amount equal to 100% of the maximum
intended use of the LLC Funding Account as to a Designated Picture ("Maximum
Draw"); and (c) shall be irrevocable until full Recoupment or Replenishment of
the Maximum Draw. The Letters of Credit will provide funds toward Replenishment
as required under Section 3.2 including, without limitation, as to any
Accelerated Release. Said Maximum Draw may be increased only if the Designating
Party increases the applicable Letter of Credit or obtains an additional Letter
of Credit (as above described) in an amount equal to 100% of any such increase.
The only conditions to drawing against such Letters of Credit shall be (x)
failure of Recoupment or Replenishment with respect to the Designated Picture of
the party posting said Letter of Credit, (y) termination of this entire
Agreement or termination of any Rights under Section 19.3, or expiration of the
term of this Agreement; and (z) written demand to the issuing bank by the party
other than the Designating Party posting said Letter of Credit, based upon its
representation that the sum called constitutes a shortfall in such Recoupment or
Replenishment as required hereunder, or any other condition under (x) or (y)
above applies.

         3.4 U.S. Theatrical Producer's Share. U.S. Theatrical Producer's Share
shall be defined in accordance with the definition thereof set forth in Exhibit
A attached hereto.

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4. Theatrical Distribution Services. Subject to Section 2.5, in consideration of
its Theatrical Distribution Fee hereunder, First Look shall provide the services
of its Theatrical Distribution Department as to exploitation of Theatrical
Rights (as defined in Section 5.1) for all Designated Pictures hereunder in the
United States, which services are described in Exhibit B attached hereto. First
Look agrees to maintain its Theatrical Distribution Department and to continue
its U.S. theatrical distribution business at a level at least equivalent to that
described in Exhibit B throughout the term of this Agreement. First Look agrees
to use commercially reasonable best efforts (consistent with sound business
practice) in rendering such distribution services as to Designated Pictures
customarily rendered in the U.S. theatrical distribution business. First Look
shall make available for the benefit of all Seven Hills Designated Pictures all
favorable contracts or deals as to laboratory services (including as to film
processing and film prints, tape reproduction, etc.) and marketing and
advertising placement arrangements, along with the benefit of all discounts and
rebates available to First Look. Except as provided in Section 2.5, no
distributor other than F/SLLC with the support of First Look may be employed or
used as to U.S. theatrical distribution as to any Designated Picture for which
any portion of the LLC Funding Account has been used without the prior written
approval of both Seven Hills and First Look.

5. Grant of Rights.

         5.1 Theatrical Rights. Each of the parties hereby agrees to grant to
F/SLLC the exclusive and irrevocable right, license and privilege to distribute
in theaters (called "Theatrical Rights") throughout the United States, subject
to the provisions hereof, each of the Designated Pictures (except Outside
Pictures) designated hereunder during the Term hereof. The theatrical
distribution term as to such Designated Picture shall be two (2) years from the
release date of the subject Designated Picture.

                                       8

<Page>

         5.2 Seven Hills Designated Picture Ancillary Rights. As to each Seven
Hills Designated Picture hereunder (other than those distributed by an Outside
Distributor), Seven Hills will grant, assign and license to First Look, upon
designation of each Seven Hills Designated Picture, the exclusive and
irrevocable right, license and privilege to distribute and exploit throughout
the United States all video (including video on demand), DVD, free television,
pay television (including pay-per-view), basic cable, and all other television
media, and for U.S. ships at sea and U.S. armed forces installations
(collectively called "Ancillary Rights"), for a term of seven (7) years
("Ancillary Rights Term") after the applicable release date in the United
States; provided, however, that so-called "in flight" rights, all rights as to
merchandising, book and other publishing rights, soundtrack rights, music
publishing, literary rights, including, without limitation, television series,
sequel and remake rights, and all other rights not expressly granted or licensed
to F/SLLC or First Look hereunder, are expressly reserved by Seven Hills. First
Look shall use its best efforts (subject to sound business practice) in the
distribution and exploitation of said Ancillary Rights.

         5.3 Foreign Sales Agency or Distribution. Seven Hills shall have the
right, but not the obligation, to designate First Look (or Overseas Filmgroup, a
division of First Look) as its foreign sales representative or foreign
distributor to any of the Seven Hills Designated Pictures ("Foreign Agency
Right") and, upon exercise of such Foreign Agency Right, First Look shall have
the right, but not the obligation, to accept such agency. If the parties agree
to such agency, First Look shall receive a sales agency fee equal to ten percent
(10%) of "foreign gross receipts" (as such term is customarily defined in
foreign sales agency agreements) as to each Designated Picture. In the event
that First Look is so designated, it will expend at least a minimum of $100,000
up to a maximum of $150,000 as to foreign direct marketing expenses with regard
to each such Designated Picture. The term of each such sales agency will be five
(5) years. A separate agreement will be negotiated in good faith with regard to
any such Designated Picture for which First Look is designated as foreign sales
agent or foreign distributor, including, without limitation, the foregoing
terms, customary warranties and representations, best efforts commitment on the
part of First Look, a list of approved minimum advances required on a
territory-by-territory basis and other customary clauses. Foreign distribution
agreements entered into will be made substantially in the form(s) provided by
the American Film Market Association, subject to reasonable approval by Seven
Hills.

         All of the rights referenced under Sections 5.1, 5.2 and 5.3 are
sometimes collectively referred to herein as the "Rights."

5.4 Holdbacks. Holdbacks as to pay-per-view, video on demand, other video
(including DVD), pay television and free television (including cable
television), and in-flight, will be determined by the Designating Party as to
each Designated Picture.

                                       9

<Page>

6. Distribution Fees.

         6.1 Theatrical Distribution Fees. First Look shall receive (on a
monthly basis, within twenty (20) days after the end of each month), a sum equal
to ten percent (10%) of such Theatrical Gross Receipts solely out of Theatrical
Gross Receipts as to U.S. theatrical distribution of each Designated Picture
hereunder ("Theatrical Distribution Fee") other than Outside Pictures. Seven
Hills shall have no liability for payment of any Theatrical Distribution Fee
other than out of such Theatrical Gross Receipts. There will be no overhead or
other additional charge by First Look with regard to its distribution services
hereunder. By way of clarification and for the avoidance of doubt, and
notwithstanding any provision contained herein to the contrary, the net proceeds
from collection or infringement actions brought by Members of F/SLLC with
respect to Theatrical Rights to Designated Pictures (i.e. all gross proceeds
from such actions net of legal fees and costs) shall be included in the
Theatrical Gross Receipts of the particular Designated Picture, provided that
neither such proceeds nor Seven Hills as to such proceeds shall be subject to
any distribution fee hereunder.

6.2 Ancillary Rights Distribution Fees. First Look shall be entitled to retain a
distribution fee equal to ten percent (10%) of all Ancillary Gross Receipts (as
defined in Exhibit A attached hereto) with respect to the Ancillary Rights
("Ancillary Rights Distribution Fees") other than as to Outside Pictures. Seven
Hills shall have no liability for payment of any Ancillary Rights Distribution
Fee other than the foregoing retention by First Look. First Look shall be
entitled to deduct all direct out-of-pocket distribution costs paid or incurred
relating to said Ancillary Rights as defined, calculated and deductible in
accordance with Exhibit A ("Ancillary Distribution Costs") and agrees to assume
(in accordance with customary guild assumption agreements) and pay all guild
residual obligations (including fringe benefits and payroll taxes) of Seven
Hills as to each Seven Hills Designated Picture. Said residuals paid shall be
deductible by First Look as an Ancillary Distribution Cost. Proceeds from
exploitation of said Ancillary Rights shall not in any way be
cross-collateralized or cross-recouped with theatrical proceeds as to any
Picture. By way of clarification and for the avoidance of doubt, and
notwithstanding any provision contained herein to the contrary, the net proceeds
from collection or infringement actions brought by Members of F/SLLC or First
Look (or affiliates) with respect to Ancillary Rights to Designated Pictures
(i.e. all gross proceeds from such actions net of legal fees and costs) shall be
included in the Ancillary Gross Receipts of the particular Designated Picture
provided that such proceeds shall not be subject to any distribution fee
hereunder.

                                       10

<Page>

7. Theatrical Distribution - Control. The plan of marketing, advertising and
distribution of each of the Designated Pictures shall be prepared by First Look
in consultation with Seven Hills' representative(s) and subject to final advance
approval by the Designating Party as to the subject Designated Picture; provided
that the Designating Party's decisions shall be final as to all elements
including, without limitation, marketing, advertising and distribution. In this
connection, Seven Hills shall be entitled to designate its own producer's
representative(s) to participate in preparing and to approve on behalf of Seven
Hills the plan of U.S. theatrical, marketing and advertising as to each Seven
Hills Designated Picture in consultation with the First Look Theatrical
Distribution Department. As to First Look Designated Pictures, First Look agrees
to consult with Seven Hills or its producer's representative as to selection,
marketing, advertising and distribution of its Designated Pictures, though all
First Look decisions as to First Look Designated Pictures shall be final.

8. Advertising and Other Distribution Costs. All Theatrical Distribution Costs
(as defined in Exhibit A) as to theatrical release of each Designated Picture
hereunder shall be incurred and paid for solely out of the LLC Funding Account
and the applicable Designated Picture Disbursement Account (except to the extent
advanced by a Designating Party as to an Accelerated Release under Section 2.4)
and any Theatrical Distribution Costs incurred or advanced in excess of $4
million by a Designating Party (or for its account)) as to a Designated Picture.

9. Screen and Advertising Credits. Each Designated Picture (other than Outside
Pictures) shall include for U.S. release in the main titles on screen and in all
U.S. paid advertisements and publicity a credit above the title in size of type
and prominence equal to the largest and most prominent credit accorded in
connection with the subject Designated Picture, as follows: "A First Look /Seven
Hills Release" (or such other credit as may be mutually agreed by First Look and
Seven Hills in writing). The logo of First Look and the logo of Seven Hills
shall appear in all paid advertisements (Designating Party logo first) as to
theatrical release in the U.S. and on separate, contiguous cards (the logo of
the Designating Party appearing first) in the end titles.

                                       11

<Page>

10. Term of Agreement. The term of this Agreement shall be for a period of five
(5) years, commencing with the Closing, plus no more than 9 months for
completion of distribution in the U.S. of any Designated Picture hereunder
("Term"). Notwithstanding the foregoing, the Ancillary Rights Term shall be for
a period of seven (7) years after the applicable release date in the U.S. as
described in Section 5.2, subject to Section 19. The obligations of First Look
and Seven Hills with respect to Recoupment and Replenishment and the
effectiveness of applicable Letter(s) of Credit under Sections 3.1, 3.2 and 3.3
shall survive any termination or expiration of this Agreement in order to allow
for the winding up of the LLC.

11. Possession and Control of Film Materials and Delivery. The Designating Party
shall have exclusive possession and control of the negative, inter-negatives,
inter-positives and any and all related pre-print materials with respect to each
of its Designated Pictures hereunder. The Designating Party shall be responsible
for delivery to or access by F/SLLC as to theatrical distribution of the items
customarily required for U.S. theatrical distribution ("Theatrical Delivery
Items"). Seven Hills shall deliver to First Look the items customarily required
of a producer for U.S. distribution of Ancillary Rights ("Ancillary Delivery
Items"). Said delivery shall take place not later than the date for initial
theatrical release of the subject Designated Picture in the U.S. The Designating
Party shall have the right to select the film laboratory, sound laboratory and
other processing laboratories with respect to its Designated Pictures. All
Theatrical Distribution Costs other than the costs related to the delivery of or
access to the Theatrical Delivery Items shall be treated as Theatrical
Distribution Costs required to be paid out of the LLC Funding Account under this
Agreement; all Ancillary Distribution Costs other than the costs related to the
delivery of or access to the Ancillary Delivery Items shall be borne and
recouped by First Look in accordance with Exhibit A.

12. Payment of Production Costs. The Designating Party shall pay and be
responsible for all production costs, deferments (contingent or fixed) and
shares of gross receipts or net profits or other contingent participations with
respect to all of the Designated Pictures of said Designating Party; provided,
however, that the foregoing shall not apply with regard to assumption and
payment by First Look of residual payments due with respect to U.S. exploitation
of the Ancillary Rights as to Seven Hills Designated Pictures.

13. Music Performance Rights. All rights of every description and nature in and
to and in any way connected with the musical material contained in each
Designated Picture shall, as between F/SLLC and the other party, on the one
hand, and the Designating Party, on the other, be vested in and owned by the
Designating Party. The Designating Party shall be deemed to have represented and
warranted for the benefit of the other parties to this Agreement that it shall
have all synchronization and public performance rights in and to such musical
material so that neither F/SLLC nor the other party will not infringe the right
of any third party or parties in exercising its rights and performing its
obligations under this Agreement, and the Designating Party shall be deemed to
agree that it will indemnify and hold the other parties hereto harmless with
respect to any and all claims of any third party or parties with respect
thereto.

14. Copyright. The Designating Party agrees to utilize its commercially
reasonable best efforts to protect each of its Designated Pictures by copyright.
In this connection, the Designating Party will take all steps required to
register each of its Designated Pictures in the United States with the United
States Copyright office.

15. Warranties and Representations; Producer's Liability Insurance.

         15.1 Warranties and Representations. Each of First Look and Seven Hills
hereby represents, warrants and agrees as to each of its Designated Pictures,
that

                  (a) It has the right to enter into this Agreement and will
have, prior to designation, the right to grant, assign, transfer and convey to
F/SLLC all rights and licenses herein contained and that each of its Designated
Pictures hereunder will be delivered to F/SLLC free and clear of any liens and
claims or demands of any kind or character whatsoever which would in any way
prejudice, affect or be inconsistent with the rights herein granted and agreed
to be granted to F/SLLC other than (i) purchase-money security interests, (ii)
materialmen's liens, laboratory liens and similar security interests, liens and
encumbrances arising by operation of law and which do not materially interfere
with the party's business or operations and (iii) with respect to First Look
Designated Pictures, the lien and security interest pursuant to the Credit,
Security, Guaranty and Pledge Agreement dated as of June 20, 2000 (as amended)
among JP Morgan Chase & Co., the Lenders named therein and First Look ("Chase
Credit Agreement").

                                       13

<Page>

                  (b) It owns and controls or will own and control the exclusive
right to distribute, exhibit and otherwise exploit each of its Designated
Pictures in the manner and form contemplated hereunder throughout the United
States.

                  (c) All license fees, compensation, royalties and other
payments which may be payable to any person, firm or corporation for or on
account of the production photography, recording, reproduction, distribution,
exhibition and performance of its Designated Pictures and, in connection with
such Designated Picture, its sound (including music, lyrics and musical
compositions used therein), will be paid by the Designating Party in full when
due and payable.

                  (d) The rights of any third party or parties will not be
violated or infringed by the title of any of its Designated Pictures, nor will
the use by said Designating Party of any musical, literary or other material
contained therein constitute any violation or infringement of any rights of any
third party or parties.

         15.2 Producer's Liability (Errors and Omissions) Insurance. Designating
Party shall provide as to each of its Designated Pictures, Certificates of
Insurance naming F/SLLC and the other party to this Agreement as additional
insureds with respect to a policy of producer's liability (errors and omissions)
insurance in the amount of $1,000,000 per occurrence/$3,000,000 aggregate
subject only to customary exclusions and deductibles not exceeding $25,000,
providing for cancellation only after thirty days' advance notice to the
additional insureds.

                                       14

<Page>

         15.3 Distributor Errors and Omissions Insurance. Each Designated
Picture shall be insured under the Distributor's liability insurance policy
covering errors and omissions held by First Look in the amount $1,000,000 per
occurrence/$3,000,000 aggregate subject only to customary exclusions and
deductibles, not exceeding $25,000, providing for cancellation only after thirty
days advance notice to additional insureds. Seven Hills and F/SLLC shall receive
Certificates of Insurance naming each as additional insureds as to each Seven
Hills Designated Picture.

16. Indemnification. For the purposes of this Section, F/SLLC, First Look and
Seven Hills, and their wholly-owned subsidiaries, corporations under common
ownership with it, subdistributors and licensees and its and their officers,
agents and employees are herein referred to as the "indemnitees." Each party
(each, an "Indemnifying Party") agrees to indemnify the indemnitees of the other
parties and to hold each of them harmless from and against any and all claims or
causes of action, liability, damages, judgments or decrees, direct costs and
expenses which may be obtained against or suffered, sustained or paid by any
such indemnitees by reason of or resulting from (a) any breach or failure or
claim of breach or failure of any of the covenants, agreements, warranties or
representations herein made by the Indemnifying Party or any infringement or
alleged infringement or violation or alleged violation by the Indemnifying Party
of any right or obligations set forth herein (contractual or otherwise) and (b)
any infirmity of title in any of the Indemnifying Party's Designated Pictures or
any part thereof or any right or property pertaining thereto as warranted. The
Indemnifying Party making such indemnity shall have the power of attorney to
handle, defend or settle any and all such claims or causes of action and, if the
indemnitees so request, each indemnitee shall cooperate in the defense thereof
at the expense of the indemnitee. No indemnitee shall settle or compromise any
claim or cause of action without first obtaining the written consent of the
Indemnifying Party.

17. Force Majeure Event. Notwithstanding anything to the contrary contained
herein, no party to this Agreement shall be liable to the other in damages or
otherwise by reason of any failure to perform hereunder caused by fire,
earthquake, flood, epidemic, accident, explosion, casualty, strike, labor
controversy, riot, civil disturbance, act of a public enemy, embargo, war, or
acts of God; or by any municipal, state or federal ordinance or law; by any
legally constituted authority (whether municipal, state or federal); by the
issuance of any executive or judicial order; by any failure or delay of any
transportation agency; by any failure or delay of a bank to make timely
transmission of funds after timely instruction; by any failure or delay in
respect to any electrical or sound equipment or apparatus, or by any laboratory;
by any failure without fault to obtain material, transportation, power or other
essential things required in the conduct of its business; or by any similar
cause beyond the control of any party ("Force Majeure Event"). If the
distribution of any Designating Party shall be materially interrupted by any
such cause, or if the majority of the motion picture theatres in the United
States exhibiting motion pictures distributed by F/SLLC shall be closed for any
reason whatsoever for a week or more, then, at the election of First Look or
Seven Hills, the term of F/SLLC's distribution right with regard to the
Designated Picture(s) affected by the foregoing and then being distributed by

                                       15

<Page>

F/SLLC and First Look may be suspended and extended for such time as such
condition may exist. The obligation to continue to distribute a Designated
Picture then in distribution shall not be affected by any Force Majeure Event if
such event does not affect F/SLLC's or the Designating Party's ability to
distribute. If a Force Majeure Event interferes with ability of F/SLCC or the
Designating Party to distribute a Designated Picture hereunder, the Designating
Party shall have the right to make its own arrangements for distribution of that
Designated Picture itself or through a third party during any suspension.
Notwithstanding anything to the contrary contained herein, if such Force Majeure
Event continues beyond a period of eight (8) consecutive weeks, either party
shall have the right to terminate this Agreement; provided that if such
suspension and/or termination occurs, the Designating Party shall be entitled to
expend the balance of the LLC Funding Account then available to theatrically
distribute (or arranged for such distribution) in the U.S. and to recoup the
balance thereof, subject to Replenishment in accordance with Section 3.2.

18. Accountings and Payments.

         18.1 Theatrical Accountings. F/SLLC will prepare under the supervision
of the Designating Party as to each Designated Picture reasonably detailed
accountings relating to U.S. theatrical distribution thereof, including with
respect to Theatrical Gross Receipts, Theatrical Distribution Costs and
Theatrical Producer's Share (as defined on Exhibit A attached hereto) as to the
subject Designated Picture. Said accountings shall be prepared and delivered to
the other parties to this Agreement on a monthly basis, within 30 days after the
end of each month.

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<Page>

         18.2 Ancillary and Foreign Accountings. First Look shall prepare and
deliver to Seven Hills detailed accountings broken down medium-by-medium as to
distribution in the U.S. of Ancillary Rights by First Look with respect to each
Seven Hills Designated Picture, including, without limitation, as to Ancillary
Gross Receipts, Ancillary Distribution Costs and Ancillary Producer's Share (as
defined in Exhibit A attached hereto) due Seven Hills as to each Designated
Picture. As to foreign sales representation under Section 5.3, accountings shall
be broken down on a territory-by-territory basis and on a medium-by-medium
basis, with copies of local distribution accountings forwarded to First Look
when received. All accountings with respect to Ancillary Rights and for foreign
distribution (i.e., outside the United States) shall be on a separate, non
cross-collateralized and non cross-recouped basis, as between Designated
Pictures, and shall not be taken into account as to Recoupment or Replenishment
under this Agreement. All accountings as to foreign distribution shall not be
cross-collateralized or cross-recouped as between separate territories. Said
accountings shall be prepared and delivered, along with any payments due, on a
monthly basis within 30 days after the end of each month.

         18.3 Audit Rights. Each of First Look and Seven Hills shall have full
and complete customary audit rights with respect to all U.S. exploitation,
pursuant to this Agreement, of Theatrical Rights as to each Designated Picture
designated by the auditing party. Seven Hills shall have the right to audit,
utilizing the services of any auditor it selects, the books and records of First
Look (and any related or affiliated subsidiary or other affiliated entity) with
respect to exploitation of the Ancillary Rights in the U.S. The books and
records relating to said Ancillary Rights shall be kept in First Look's
principal offices located in Los Angeles, California. Said audit may be
conducted within 30 days during each six-month period (assuming prompt
availability of records and full cooperation by First Look).

19. Remedies. In addition to all rights and remedies provided in this Agreement
or granted by law or in equity, including, without limitation, recovery of
compensatory damages, Seven Hills and First Look shall be entitled to elect any
or all of the remedies set forth in this Section 19 in the event of a Material
Default (as defined below).

         19.1 Material Default. "Material Default" shall include (i) any
material breach of a provision under this Agreement that remains uncured for a
period of 30 days after the defaulting party receives notice of such default
from the other party, including the failure by a party to fulfill its obligation
of Replenishment as required under Section 3.2, or provision, maintenance and
effectiveness of a Letter of Credit under Section 3.3 and (ii) as to First Look,
any "Event of Default" by First Look as defined in (a) the Chase Credit
Agreement or (b) the Convertible Promissory Note of even date herewith in the
amount of $2,000,000 in favor of Seven Hills (the "Convertible Promissory
Note"), in all cases, only where such Event of Default has not been cured within
the time periods prescribed in such instruments.

                                       17

<Page>

         19.2 Liquidated Damages. In the event of Material Default by either
party, the non-defaulting party shall be entitled to liquidated damages as
follows: In consideration of difficulties, risk factors and failure of basic
performance pursuant to this Agreement, a reasonable estimate of the likely
damages which would be sustained in connection with placement with another
distributor for distribution of the non-defaulting party's Designated Picture
currently scheduled for or in release, the sum of $250,000, at the time of
Material Default (giving effect to all applicable cure periods) if such
Designated Picture is in U.S. Theatrical Release and $150,000, at the time of
Material Default (giving effect to all applicable cure periods), if such
Designated Picture has not yet been released theatrically in the U.S., but has
been so designated by the non-defaulting party hereunder, payable upon demand
after such incurred Material Default.

         19.3 Termination of Agreement; Termination of Rights. If a Material
Default occurs, the non-defaulting party shall have the right, exercisable not
later than twenty (20) days after receipt by the non-defaulting party of written
notice (including specific reference to this Section 19.3) from the defaulting
party that the applicable cure period has expired, to elect to terminate: (a)
U.S. theatrical distribution of all of the non-defaulting party's Designated
Pictures in release or to be released hereunder; (b) distribution of the
non-defaulting party's Ancillary Rights as to any or all of non-defaulting
party's Designated Pictures (if First Look is the defaulting party), (c) the
Agency or Distribution Rights as to any Designated Pictures (if First Look is
the defaulting party) and/or (d) this Agreement in its entirety.

                                       18

<Page>

19.4 Termination Procedures. In the event of termination of this Agreement
and/or termination of any Rights described in Section 5, the following shall
apply:

                  (a) Termination of Theatrical Rights, Ancillary Rights and/or
Foreign Agency or Distribution Rights. Upon the termination of Theatrical
Rights, Ancillary Rights and/or Foreign Agency Rights, neither F/SLLC nor the
defaulting party will have any further right to exploit or distribute the
terminated Rights as to the subject Designated Pictures of the non-defaulting
party; provided, however, that (i) the non-defaulting party shall take over
distribution of the subject Designated Picture(s) as to Rights terminated, (ii)
all exhibition, distribution and other agreements therefor entered into by
F/SLLC and/or the defaulting party and any of its licensees or sub-distributors,
all contracts with exhibitors and subdistributors or other licensed distributors
shall remain in full force and effect and (iii) the defaulting party and F/SLLC
shall assign such agreements to the non-defaulting party. In such event, the
non-defaulting party shall have the right to possess and control all unplayed
exhibition contracts, subdistribution and distribution agreements (as
applicable) as to the subject Designated Picture(s), all records, including
books, billing and delivery records pertaining to such Designated Picture(s) of
the non-defaulting party as well as all funds on hand to which non-defaulting
party is then entitled shall be paid to the non-defaulting party. The
non-defaulting party shall fulfill any exhibition or sub-distribution contracts
obtained prior to a Material Default by F/SLLC or First Look (as to Ancillary or
Foreign Agency Rights) and collect gross receipts therefrom. Notwithstanding
such termination, First Look shall be entitled, unless First Look is in Material
Default hereof, to receive and Seven Hills shall account to First Look for, the
percentage of Distribution Fees under Section 6 hereof to which First Look would
otherwise have been entitled prior to termination and out-of-pocket expenses
incurred in connection therewith; provided, however, that the non-defaulting
party shall have the right to offset against any amounts as to which it is
required to account to the defaulting party any damages sustained by the
non-defaulting party by reason of the Material Default by First Look, in
addition to liquidated damages under Section 19.2.

                  (b) Upon termination of all or part of the Rights, the
non-defaulting party shall promptly receive exclusive possession of all film,
tape and other pre-print or reproduced materials and all other materials as to
its Designated Pictures, and all access letters shall be adjusted to reflect
exclusive control by the non-defaulting party, as to the subject terminated
Rights.

                                       19

<Page>

                  (c) Termination or Expiration of Entire Agreement. In the
event of (i) termination of the entire Agreement by Seven Hills as the non
defaulting party, or (ii) expiration (without written extension) of the Term of
this Agreement, all of the provisions as to termination of Theatrical Rights,
Ancillary Rights (as to Seven Hills) and Foreign Agency Rights (as to Seven
Hills), Sections 19.2 and 19.3 shall apply. In any such event, if Seven Hills is
the non-defaulting party, Seven Hills shall be entitled upon demand to immediate
return of its $2,000,000 capital contribution to F/SLLC and, consistent with
Section 4.7 of the F/SLLC Agreement, payment of the $2,000,000 capital
contribution of First Look shall be made to Seven Hills and applied in reduction
of the Convertible Promissory Note, reduced only to the extent that Seven Hills
has theretofore exercised its conversion rights under the Convertible Promissory
Note, all subject to (i) the Pledge and Security Agreement dated as of June 25,
2002 by First Look as Debtor, in favor of Seven Hills as Secured Party and (ii)
the Security Agreement dated as of June 25, 2002 by F/SLLC as Debtor, in favor
of Seven Hills as Secured Party. In the event that First Look or F/SLLC fails to
cooperate with any action or fails to execute any document or countersign any
instrument necessary or desirable to effectuate the foregoing within ten (10)
business days after receipt by First Look and F/SLLC of written request from
Seven Hills, First Look and F/SLLC hereby appoint Seven Hills as First Look's
and F/SLLC's attorney-in-fact, which appointment shall be deemed a power coupled
with an interest, with full rights of substitution and delegation, to take such
action or execute any such document, or countersign any such instrument in First
Look's and/or F/SLLC's name and on their behalf.

20. Arbitration. Any controversy, dispute or claim arising out of or relating to
this contract or breach thereof, shall be settled by arbitration in accordance
with Section 10.14 of the F/SLLC Agreement.

21. Further Assurances. Each party to this Agreement shall do and perform, or
cause to be done and performed, all further acts and things, and shall execute
and deliver all such other agreements, certificates, instruments and documents
as the other party or parties may reasonably request in order to carry out the
intent and accomplish the purposes of this Agreement, and the consummation of
the transactions contemplated hereby.

                                       20

<Page>

22. Amendments; No Continuing Waiver. No provision of this
Agreement may be waived, amended or modified except by a written instrument
signed in the case of amendment or modification, by Seven Hills, First Look and
F/SLLC or, in the case of a waiver, by the party against whom the waiver of such
provision is sought. No waiver by any party of any breach hereof shall be deemed
a waiver of any preceding or succeeding breach hereof, whether of the same or a
different nature.

23. Law Applicable. This Agreement shall be deemed made in, and is to be
construed and interpreted under the internal laws of the State of California.

24. Notices. All notices, payments, accountings and other data which is required
to be given hereunder (or any party may desire to send, deliver to or serve upon
any other party) shall be delivered in person to an officer of said party, by
certified or registered mail, by overnight courier, or by confirmed facsimile
(except for notice of termination pursuant to Section 19.3, which shall be given
by certified or registered mail) addressed or sent to the addresses set forth
below or at such other address, addresses or facsimile number(s) as the party
may designate from time to time in writing:

                 First Look and F/SLLC:

                          First Look Media, Inc.
                          8000 Sunset Boulevard, Penthouse E
                          Los Angeles, California 90046
                          Attention:  William F. Lischak
                          Facsimile No.:  (310) 855-0719

                 With copies to:

                          Graubard Miller
                          600 Third Avenue
                          New York, New York 10016
                          Attention: David Alan Miller, Esq.
                          Facsimile No.:  (212) 818-8881

                 Seven Hills and F/SLLC:

                          Seven Hills Pictures, LLC
                          1041 North Formosa Avenue
                          Santa Monica Building East
                          Suite 201
                          West Hollywood, California  90046
                          Attention:  Reverge Anselmo
                          Facsimile No.:  (323) 850-3887

                 With a copy to:

                          Troy & Gould Professional Corporation
                          1801 Century Park East, 16th Floor
                          Los Angeles, California 90067-2367
                          Telephone (310) 553-4441
                          Attention:  Gary O. Concoff
                          Facsimile No.: (310) 201-4746

                                       21

<Page>

25. Counterparts. This Agreement may be executed by original or facsimile
signature in any number of counterparts, each of which shall be deemed an
original but all of which shall constitute one and the same instrument.

26. Assignments. This Agreement shall be binding upon and inure to the benefit
of the heirs and successors of the parties. This Agreement shall not be
assignable by any party hereunder without the written consent of the other
parties and any attempt to make such an assignment shall be void.
Notwithstanding the foregoing, Seven Hills and First Look shall each have the
right to assign its rights to payment hereunder.

27. Headings. The headings of this Agreement or any Sections hereof are inserted
only for the purpose of convenient reference and may not accurately or
adequately describe the contents of the Sections which they head. Such headings
shall not be deemed to limit, cover or any way affect the scope, meaning or
intent of this Agreement or any part hereof, nor shall they otherwise be given
any legal effect.

                                       22

<Page>

28. Entire Agreement. This Agreement, together with the exhibits hereto and the
other agreements referred to herein, constitute the entire understanding and
agreement of the parties and supersedes all other prior understandings and
agreements, written or oral, between the parties. To the extent that any
provision of the F/SLLC Agreement conflicts with or is inconsistent with any
provision of this Agreement, this Agreement shall control.

         IN WITNESS WHEREOF, the parties hereto have caused this Agreement to be
executed by their duly authorized officers the day and year first above written.

                                        FIRST LOOK/SEVEN HILLS, LLC

                                        First Look Media, Inc., Member

                                        By /s/ Christopher Cooney
                                           -----------------------------------
                                            Christopher Cooney
                                            Its:  Chief Executive Officer

                                        And by

                                        Seven Hills Pictures, LLC, Member

                                        By: /s/ Reverge Anselmo
                                           -----------------------------------
                                             Reverge Anselmo
                                             Its:  Manager

                                        FIRST LOOK MEDIA, INC.

                                        By: /s/ Christopher Cooney
                                           -----------------------------------
                                             Christopher Cooney
                                             Its:  Chief Executive Officer

                                        SEVEN HILLS PICTURES, LLC

                                        By: /s/ Reverge Anselmo
                                           -----------------------------------
                                             Reverge Anselmo
                                             Its:  Manager

EXHIBITS:

         Exhibit  A - Definitions

         Exhibit  B - Services to be Provided by First Look Theatrical
                      Distribution Department

                                       23
<Page>

                                    EXHIBIT A
                                   DEFINITIONS

1. "Theatrical Distribution Costs" means the aggregate of all direct costs,
expenses and charges (collectively "costs") paid, advanced or incurred by F/SLLC
or the Designating Party by reason of, in connection with, or relative to the
derivation of Theatrical Gross Receipts with respect to a Designated Picture
including:

         1.1 "Checking Costs": All direct costs incurred to check attendance and
receipts at theatres in order to determine the accuracy of box office reports
and to investigate unauthorized exhibition or distribution in the U.S. of the
Designated Picture and to determine full utilization of the rights granted.

         1.2 "Collection Costs": All costs incurred in connection with the
collection of monies includable within Theatrical Gross Receipts, including
reasonable fees of attorneys and auditors, and loss, damage or liability
suffered or incurred by the Designating Party in the collection of such monies,
whether by litigation or otherwise, it being agreed that the Designating Party
shall have final control as to all collection policy and decisions as to its
Designated Pictures.

         1.3 "Advertising Costs": The aggregate of the costs enumerated in the
following sub-paragraphs (a) and (b).

                  (a) "General Advertising Costs": All costs incurred to
advertise, publicize and promote the Picture in any way including the following:

                  (i) Publications: Costs of purchasing advertising space in
         newspapers, magazines, periodicals, trade papers and other printed
         publications.

                  (ii) Radio and Television: Costs of purchasing advertising
         time on radio and television; costs of physical materials used in the
         production and broadcasting of commercials by radio and television;
         costs of preparation, production and shipping of commercials; costs of
         placement, integration and monitoring of commercials and other
         advertising.

                                       24
<Page>

                  (iii) Direct Mail: Costs of preparing and mailing printed
         advertising and promotional material.

                  (iv) Display: Costs of purchasing advertising space on
         billboards and other locations, and of preparation, production and
         distribution of display materials.

                  (v) Promotional Activities: Salaries, fees and living, travel
         and business expenses of publicists, press representatives and field
         exploitation personnel, allocated on the basis of time spent on the
         Designated Picture whether paid by F/SLLC to its employees or other
         persons on a good faith basis; salaries, fees and living, travel and
         business expenses relating to tours and personal appearances of
         personalities connected with the Designated Picture, paid to employees
         of F/SLLC or other persons as required by the Designating Party; costs
         of previews, screenings and premieres and costs incurred for producer's
         representative(s) appointed by the Designating Party.

                  (vi) Entertainment: Costs of entertaining press and
         personalities.

                  (vii) Commercial Tie-Ins: Costs of creation, procurement,
         preparation, placement and supervision of promotional tie-ins with
         commercial products, including the purchase of advertising space and
         time.

                  (viii) Research, Surveys and Tests: Costs of formulation,
         performance and evaluation of research, surveys, studies and tests of
         advertising concepts, advertising campaigns, media effectiveness,
         market demographics and like on a qualitative and quantitative basis.

                  (ix) Promotional Materials: Costs of creation, preparation,
         production fabrication and distribution of press, books, press kits,
         screening invitations, tickets, programs, featurettes, teaser trailers,
         trailers, film clips, special photography, biographies, synopses,
         billing sheets, lobby displays, stills, publicity releases, posters,
         advertising accessories and sound records.

                                       25

<Page>

                  (x) Printing Materials: Costs of creation, preparation,
         production and fabrication of artwork, engravings, cuts, plates, color
         separations and mechanicals, including the physical materials required
         therefor.

                  (b) "Media Advertising for Theatrical Exhibition": For
definitional purposes, "Media Advertising for Theatrical Exhibition" refers to
costs incurred and approved by the Designating Party to advertise, publicize and
promote the Picture by means of national regional or local publications (other
than trade papers), radio and television, direct mail, display advertising, use
of websites, the internet and other computer driven electronic media,
promotional activities, entertainment and commercial tie-ins, in connection with
the Theatrical Exhibition of the Picture, whether engaged in by F/SLLC directly
or where F/SLLC pays, shares in, or is charged with all or a portion of the
costs thereof (whether effected by credits against or deductions from Theatre
Rentals). Any costs of Media Advertising for Theatrical Exhibition contributed
by exhibitors from exhibitor's share of box office receipts shall not be
included hereunder in the definition of a Distribution Expense.

         1.4 "Physical Material Costs": All costs of motion picture copies
(including, without limitation, film prints, and other copies used for
theatrical distribution), including laboratory, labor, services, materials and
facilities costs in connection therewith.

         1.5 "Shipping/Delivery Costs": All costs of inspection, repair and
renovation of motion picture copies, reels and containers, and all costs of
packing, storing, shipping and delivery thereof.

         1.6 "Royalties": The costs of all licenses required to permit
exhibition, distribution or other use of the Designated Picture, trailers and
motion picture copies thereof, including fees for use of any patented equipment
or processes; synchronization, recording and performing royalties and fees with
respect to-performance of lyrics and music and literary material; any residuals
or re-use fees and costs advanced by F/SLLC, any costs incurred to acquire, use
and publish music advanced by F/SLLC.

                                       26

<Page>

         1.7 "Insurance Costs": All costs for insurance coverage of any and all
risks of loss with respect to the Designated Picture and any components thereof,
including errors and omissions insurance and loss or damage to motion picture
copies and physical material insurance.

         1.8 "Copyrighting Costs": All costs to obtain copyright and the
extension and renewal thereof, and other similar protections whenever incurred
within the Designating Party's sole discretion.

         1.9 "Copyright Infringement Costs": All costs incurred to protect the
copyright ownership in the Designated Picture and to prevent any infringement of
copyright or violation of rights in and to the Designated Picture or any
elements thereof (whether by litigation or otherwise) and reasonable attorneys'
fees in connection therewith.

         1.10 "Rebates and Discounts": All rebates and discounts as to any
Theatrical Distribution Cost hereunder, including, without limitation, as to
media advertising and laboratory services as to film prints, shall be deemed a
reduction in Theatrical Distribution Costs hereunder on a basis allocated to
each Designated Picture on a reasonable, proportionate and non-discriminatory
basis.

2. "Theatrical Producer's Share" means, with respect to a particular Designated
Picture, all "Theatrical Gross Receipts" (as hereinafter defined) with respect
to such Designated Picture less (a) the Theatrical Distribution Fee set forth in
Section 6.1 of the Agreement and (b) all Theatrical Distribution Costs.

         2.1 "Theatrical Gross Receipts" means, with respect to a particular
Designated Picture, all monies actually received by F/SLLC or otherwise from
exhibitors with respect to Theatrical Rights (as defined in Section 5.1 of the
Agreement) to the Designated Picture after deducting any applicable refunds,
rebates, credits, discounts, allowances and adjustments, and coop advertising
credits granted to such parties by F/SLLC with respect to the Designated
Picture.

                                       27

<Page>

         2.2 By way of clarification and for the avoidance of doubt, (a) there
shall be no double fees or double deductions taken with respect to any
distribution of any rights hereunder (that is, there shall be a single
distribution fee as set forth in Section 6.1 of the Agreement to First Look and
all of its subsidiaries and affiliated entities); (b) all costs and expenses
incurred with respect to multiple pictures shall be fairly and reasonably
allocated among such pictures. Proceeds from exploitation of Theatrical Rights
shall not in any way be cross-collateralized or cross-recouped with proceeds
from the exploitation of Ancillary Rights as to any Designated Picture and (c)
there shall be no overhead or additional charge by First Look with respect to
its distribution services hereunder.

3. "Ancillary Producer's Share" means, with respect to a particular Designated
Picture, all "Ancillary Gross Receipts" (as hereinafter defined) with respect to
such Designated Picture less (a) the Ancillary Distribution Fee set forth in
Section 6.2 of the Agreement and (b) all "Ancillary Distribution Costs" (as
hereinafter defined) with respect to such Designated Picture.

         3.1 "Ancillary Gross Receipts" means, with respect to a particular
Designated Picture, all monies actually received by First Look (or any parent,
subsidiary, or affiliated company) from wholesalers, retailers, and other
purchasers and licensees by way of sale, rental or any other form of disposition
with respect to the exploitation of Ancillary Rights (as defined in Section 5.2
of the Agreement) to the Designated Picture after deducting any customary and
reasonable returns, refunds, rebates, credits, discounts, allowances and
adjustments, granted to such parties in the ordinary course of business by First
Look with respect to the Designated Picture.

         3.2 "Ancillary Distribution Costs" means, with respect to a particular
Designated Picture, all actual out-of-pocket direct costs and expenses actually
paid by First Look pursuant hereto in connection with the distribution,
marketing or exploitation of Ancillary Rights to such Designated Picture,
including, without limitation, closed-captioning and other editorial expense,
advertising expenses, guild residuals (including fringe benefits and payroll
taxes), royalties to third parties pursuant to applicable agreements, publicity
, laboratory charges, checking and collection costs, and any other costs or
expenses customarily treated as marketing and distribution expenses with respect
to Ancillary Rights in the U.S. motion picture industry.

                                       28

<Page>

         3.3 By way of clarification and for the avoidance of doubt, (a) there
shall be no double fees or double deductions taken with respect to any
distribution of any rights hereunder (that is, there shall be a single
distribution fee as set forth in Section 6.2 of the Agreement to First Look and
all of its subsidiaries and affiliated entities); (b) all costs and expenses
incurred with respect to multiple pictures shall be fairly and reasonably
allocated among such pictures. Proceeds from exploitation of said Ancillary
Rights shall not in any way be cross-collateralized or cross-recouped with any
other Designated Picture or with theatrical proceeds as to any Designated
Picture and (c) there shall be no overhead or additional indirect charge by
First Look with respect to its distribution services hereunder.

                                       29

<Page>

B.                                   EXHIBIT B

                      SERVICES TO BE PROVIDED BY FIRST LOOK
                       THEATRICAL DISTRIBUTION DEPARTMENT

        1. With respect to the theatrical distribution, First Look will provide
the following services:

                  set the release date to maximize the box office potential
                        against competitive films;
                  book the theatres nationwide;
                  coordinate the placement of trailers and one-sheets;
                  prepare the media schedule and budget;
                  place the advertising;
                  record box office results; and
                  billing and collections.

           With respect to marketing, First Look will provide the following
services:

                  manage all publicity efforts both on a national level as well
                        as the field;
                  set promotions and word-of-mouth screenings; and
                  create one-sheet, ads and audio visual materials.

         2. The First Look United States Theatrical Distribution Department is
described as follows:

                  President (head of marketing and distribution) - currently
                         MJ Peckos, President, First Look Pictures (the position
                         is ultimately in charge of all marketing and
                         distribution of the films);

                  Senior VP of Marketing and Distribution - currently
                         Cary Jones, Sr. VP of Marketing and Distribution
                         (the position is particularly responsible for the
                         booking of theatres);

                  Director of Co-op Advertising and Print Control - currently
                         Maureen Ryan, Director (the position handles
                         advertising arrangements with theatres and shipping
                         of prints using technicolor's shipping service);

                  VP of Publicity - currently Robert Mayerson,
                         VP Worldwide Publicity (the position is responsible
                         for arranging publicity on each picture, including
                         arranging local press and national press).

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