Document:

EXHIBIT 10.1

                               LICENSE AGREEMENT:

                                SUMMARY OF TERMS

The Licensee:                       Name:      Peak Entertainment Ltd
                                    Address:   Bagshaw Hall, Bagshaw Hill
                                                 Bakewell
                                                 Derbyshire DE45 lDL
                                    Contact:     Phil Ogden-Group Sales &
                                                 marketing Director
                                    Tel:         01629 814555
                                    Fax:         01629 813539
                                    e-mail:      p.ogden@peakentertainment.co.uk

The Property:                       See second schedule

The Principal:                      W & P Shorrocks

The Products:                       All products

Channels of Distribution: All

The Territory:                      Worldwide

The Term:                           In perpetuity

Guaranteed Royalty:                 US$1,000,000

Royalty Rate:                       10 % of net selling price.

Number of Samples:                  20 of each product.

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This LICENCE AGREEMENT is made this 3Oth day of April 2002 between:

THE PARTIES:

      1.    WILF and PAULA SHORROCKS of Holme Hall, Holme Lane, Bakewell, DE45
            IGF ("the Licensor")

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

RECITALS

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

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

            1. DEFINITIONS

            "The Intellectual Property" - means copyright, trade mark and other
            rights in the Property.

            "FOB Price" - means the gross Price at which the Licensee sells the
            Product in an arms length transaction to its customers in an
            overseas Territory less only normal trade discounts.

            "Notice" - means notice in writing served in accordance with the
            provisions of sub-clause 15.4.

            "The Royalties" - means the payments to be made to the Licensor by
            the Licensee under Clause 4.

            "The Specifications" -means the specifications set out in the first
            schedule.

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

            "Channels of Distribution" - means all channels of distribution

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

      2.    GRANT

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

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

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

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

            2.5   The Licensor also reserves the right to request any third
                  party to manufacture the Product for promotional purposes.

3.    TERM

      This Agreement shall be for the Term unless terminated earlier in
      accordance with Clause 9 herein.

4.    ROYALTIES

      4.1   In consideration of the rights granted by the Licensor the Licensee
            shall pay to the Licensor a royalty of the Agreed Percentage of the
            Net Selling Price of each unit of the Products sold by the Licensee
            (less only normal trade discounts).

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

      4.3   The Licensee shall keep and maintain separate and detailed accurate
            accounts and records so as to show the quantity and Net Selling
            Price of Products sold, used or otherwise disposed of by the
            Licensee for each royalty period giving separately the figures for
            each product. The Licensor shall havc the right at reasonable hours,
            and on giving the Licensee reasonable notice, to appoint a
            representative (being a qualified, certified or chartered
            accountant) to audit the said accounts and records and if such audit
            reveals a discrepancy it shall be collected forthwith. It is further
            agreed that if such discrepancy is 5% or more in the Licensee's
            favour, the Licensee shall within 14 days of the date of the
            relevant invoice pay the Licensor's reasonable auditing fees and
            expenses in addition to any other payments due and interest on the
            discrepancy at 4% above the base lending rate from time to time of
            National Westminster Bank Plc.

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

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5.    SPECIFICATION AND QUALITY

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

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

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

            PRODUCT                          PACKAGING

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

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

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

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

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

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

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

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

<PAGE>

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

            5.5.4 ensure that any Products manufactured meet the Specifications.

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

6.    USE AND PROTECTION OF INTELLECTUAL PROPERTY

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

      "(C)2002 W and P Shorrocks" and any other equity partner

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

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

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

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

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

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

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

<PAGE>

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

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

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

7.    LICENSEE'S OBLIGATION AS TO MARKETING

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

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

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

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

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

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

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

8.    ACTION AGAINST THIRD PARTIES

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

      8.2   All damages shall be the exclusive property of the Licensor provided
            that the Licensee shall be entitled to set-off any expenses which is
            able to claim from the Licensor pursuant to Clause 8.1.

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

<PAGE>

9.    TERMINATION

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

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

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

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

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

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

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

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

10.   TERMINATION CONSEQUENCES

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

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

      10.3  Any Products in the course of manufacture at the time of termination
            may be completed within 14 days and disposed of in compliance with
            Clause 10.2 of this Agreement but not otherwise.

<PAGE>

11.   LICENSORS WARRANTY

         Licensor represents and warrants to the Licensee that:

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

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

12.   INDEMNITY

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

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

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

13.   INSPECTION

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

14.   MISCELLANEOUS

      14.1  No Waiver

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

      14.2  Severance

      In the event that any provision of this Agreement is declared by any
      judicial proceedings or other competent authority to be void, voidable or
      illegal the remaining provisions shall continue to apply unless the
      Licensor at the Licensor's discretion decides that the effect is to defeat
      the original intentions of the Parties in which case it shall be entitled
      to terminate the Agreement by 30 days notice in which event the provisions
      of Clause 10 shall apply.

      14.3  No Agency or Partnership

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

<PAGE>

      14.4  Notices

      Any Notice to be served on either of the Parties by the other shall be
      sent by pre-paid recorded delivery or registered post or by facsimile to
      the address stated in Clause 1 and shall be deemed to have been received
      by the addressee with (three) 3 working days after posting or 24 hours of
      transmission if sent by facsimile.

      14.5  Choice of Law

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

15.   TRANSMISSION OF BENEIFIT

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

      15.2  The Licensee may not assign or sub-licence the rights contained in
            this Agreement.

16.   INTEREST

      If any sums due hereunder remain unpaid for a period in excess of 14 days
      after they have become due to the Licensor the unpaid balance will accrue
      interest at the rate of 4% per annum above the base rate for the time
      being of Barclays Bank Plc.

17.   FORCE MAJEURE

      If the performance of this Agreement is prevented, restricted or
      interfered with by reason of circumstances beyond the reasonable control
      of the party obliged to perform it the party so affected upon giving
      proper notice to the other party shall be excused from performance to the
      extent of prevention, restriction or interference but the party so
      affected shall use its best efforts to avoid or remove such causes of
      non-performance and shall continue performance under the Agreement with
      the utmost dispatch whenever such causes are removed or diminished.

18.   HEADINGS

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

19.   ENTIRE UNDERSTANDING AND VARIATION

      19.1  This Agreement embodies the entire understanding of the in respect
            of the matters contained or referred to in it and there are no
            promises, conditions or obligations oral or written, expressed or
            implied other than those contained in this Agreement.

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

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

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

<PAGE>

SIGNED BY /s/ Wilf Shorrocks
          ---------------------------------

FOR AND ON BEHALF OF THE LICENSOR

SIGNED BY /s/ Paula Shorrocks
          ---------------------------------

FOR AND ON BEHALF OF THE LICENSEE

<PAGE>

                               THE FIRST SCHEDULE

                                 SPECIFICATIONS

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

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

The colour and depiction of the material shall be as specified in the Style
Guide.

                                       11EXHIBIT 10.4

                        AMENDMENT TO CONSULTING AGREEMENT

         This Amendment to the Consulting Agreement ("Amendment") by and between
JACK KUESSOUS ("Consultant"), and PEAK ENTERTAINMENT HOLDINGS, INC., a Nevada
corporation (hereinafter referred to as "Corporation") amends and supplements
the Consulting Agreement, and the Common Stock Purchase Warrant thereto, between
the parties entered into in July 2003 (the "Consulting Agreement") as set forth
herein.

                  1. Section 3 of the Consulting Agreement is hereby amended to
         correct typographical mistakes by revising the phrase "Stock and
         Warrant Purchase Agreement" to "Common Stock Purchase Warrant."

                  2. The Common Stock Purchase Warrant issued in connection with
         the Consulting Agreement to purchase 240,000 shares of the
         Corporation's common stock is hereby amended to change the exercise
         price of the warrants to $0.50 per share.

                  3. Section 5 of the Common Stock Purchase Warrant is hereby
         amended to correct typographical mistakes and other terms, and is
         restated to provide: All warrant shares are subject to the customary
         piggyback registration rights granted to other warrant holders granted
         similar warrants, and the holder may request inclusion of the warrant
         shares in the next registration statement and on subsequent
         registration statements, including amendments thereto, registering
         other shares of the holder. Notwithstanding the foregoing, the Holder
         shall be entitled to such greater piggyback rights as set forth in the
         Amendment to Consulting Agreement dated December 17, 2003.

                  4. The amended and restated terms and conditions of the
         warrants are as set forth in Exhibit A hereto. Exhibit A shall replace
         the Common Stock Purchase Warrant previously issued in connection with
         the Consulting Agreement, which shall be null and void.

Dated:  December 17, 2003

                                    CONSULTANT:

                                    /s/ Jack Kuessous
                                    --------------------------------
                                    Jack Kuessous

                                    CORPORATION:

                                    PEAK ENTERTAINMENT HOLDINGS, INC.

                                    By:  /s/ Wilf Shorrocks
                                         ----------------------------
                                         Name:  W. Shorrocks
                                         Title:  President

<PAGE>

                                                                       EXHIBIT A

NEITHER THIS WARRANT NOR THE SHARES OF COMMON STOCK ISSUABLE UPON EXERCISE
HEREOF HAVE BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED, OR ANY
APPLICABLE STATE SECURITIES LAW AND NEITHER MAY BE SOLD OR OTHERWISE TRANSFERRED
UNTIL (I) A REGISTRATION STATEMENT UNDER SUCH SECURITIES ACT AND SUCH APPLICABLE
STATE SECURITIES LAWS SHALL HAVE BECOME EFFECTIVE WITH REGARD THERETO, OR (II)
THE COMPANY SHALL HAVE RECEIVED A WRITTEN OPINION OF COUNSEL ACCEPTABLE TO THE
COMPANY TO THE EFFECT THAT REGISTRATION UNDER SUCH SECURITIES ACT AND SUCH
APPLICABLE STATE SECURITIES LAWS IS NOT REQUIRED IN CONNECTION WITH SUCH
PROPOSED TRANSFER.

                        PEAK ENTERTAINMENT HOLDINGS, INC.
                          COMMON STOCK PURCHASE WARRANT

                                 240,000 SHARES
                     ORIGINAL ISSUE DATE: DECEMBER __, 2003

         THIS CERTIFIES THAT, FOR VALUE RECEIVED, JACK KUESSOUS or his
registered assigns ("Holder") is entitled to purchase, on the terms and
conditions hereinafter set forth, at any time or from time to time from the date
hereof until 5:00 p.m., Eastern Time, on third anniversary of the Original Issue
Date set forth above, or if such date is not a day on which the Company (as
hereinafter defined) is open for business, then the next succeeding day on which
the Company is open for business (such date is the "Expiration Date"), but not
thereafter, to purchase up to TWO HUNDRED FORTY THOUSAND (240,000) shares of the
Common Stock, $.001 par value (the "Common Stock"), of Peak Entertainment
Holdings, Inc., a Nevada corporation (the "Company"), at $0.50 per share (the
"Exercise Price"), such number of shares and Exercise Price being subject to
adjustment upon the occurrence of the contingencies set forth in this Warrant.
Each share of Common Stock as to which this Warrant is exercisable is a "Warrant
Share" and all such shares are collectively referred to as the "Warrant Shares."

         Section 1. Exercise of Warrant; Conversion of Warrant.

         (a) This Warrant may, at the option of Holder, be exercised in whole or
in part from time to time by delivery to the Company at its principal office,
Attention: President, on or before 5:00 p.m., Eastern Time, on the Expiration
Date, (i) a written notice of such Holder's election to exercise this Warrant
(the "Exercise Notice"), which notice may be in the form of the Notice of
Exercise attached hereto, properly executed and completed by Holder or an
authorized officer thereof, (ii) a check payable to the order of the Company, in
an amount equal to the product of the Exercise Price multiplied by the number of
Warrant Shares specified in the Exercise Notice, and (iii) this Warrant (the
items specified in (i), (ii), and (iii) are collectively the "Exercise
Materials").

         (b) As promptly as practicable, and in any event within five (5)
business days after its receipt of the Exercise Materials, Company shall execute
or cause to be executed and delivered to Holder a certificate or certificates
representing the number of Warrant Shares specified in the Exercise Notice,
together with cash in lieu of any fraction of a share, and if this Warrant is
partially exercised, a new warrant on the same terms for the unexercised balance
of the Warrant Shares. The stock certificate or certificates shall be registered
in the name of Holder or such other name or names as shall be designated in the
Exercise Notice. The date on which the Warrant shall be deemed to have been
exercised (the "Effective Date"), and the date the person in whose name any
certificate evidencing the Common Stock issued upon the exercise hereof is
issued shall be deemed to have become the holder of record of such shares, shall
be the date the Company receives the Exercise Materials, irrespective of the
date of delivery of a certificate or certificates evidencing the Common Stock
issued upon the exercise or conversion hereof, provided, however, that if the
Exercise Materials are received by the Company on a date on which the stock
transfer books of the Company are closed, the Effective Date shall be the next
succeeding date on which the stock transfer books are open. All shares of Common
Stock issued upon the exercise or conversion of this Warrant will, upon
issuance, be fully paid and nonassessable and free from all taxes, liens, and
charges with respect thereto.

<PAGE>

         Section 2. Adjustments to Warrant Shares. The number of Warrant Shares
issuable upon the exercise hereof shall be subject to adjustment as follows:

         (a) In the event the Company is a party to a consolidation, share
exchange, or merger, or the sale of all or substantially all of the assets of
the Company to, any person, or in the case of any consolidation or merger of
another corporation into the Company in which the Company is the surviving
corporation, and in which there is a reclassification or change of the shares of
Common Stock of the Company, this Warrant shall after such consolidation, share
exchange, merger, or sale be exercisable for the kind and number of securities
or amount and kind of property of the Company or the corporation or other entity
resulting from such share exchange, merger, or consolidation, or to which such
sale shall be made, as the case may be (the "Successor Company"), to which a
holder of the number of shares of Common Stock deliverable upon the exercise
(immediately prior to the time of such consolidation, share exchange, merger, or
sale) of this Warrant would have been entitled upon such consolidation, share
exchange, merger, or sale; and in any such case appropriate adjustments shall be
made in the application of the provisions set forth herein with respect to the
rights and interests of Holder, such that the provisions set forth herein shall
thereafter correspondingly be made applicable, as nearly as may reasonably be,
in relation to the number and kind of securities or the type and amount of
property thereafter deliverable upon the exercise of this Warrant. The above
provisions shall similarly apply to successive consolidations, share exchanges,
mergers, and sales. Any adjustment required by this Section 2 (a) because of a
consolidation, share exchange, merger, or sale shall be set forth in an
undertaking delivered to Holder and executed by the Successor Company which
provides that Holder shall have the right to exercise this Warrant for the kind
and number of securities or amount and kind of property of the Successor Company
or to which the holder of a number of shares of Common Stock deliverable upon
exercise (immediately prior to the time of such consolidation, share exchange,
merger, or sale) of this Warrant would have been entitled upon such
consolidation, share exchange, merger, or sale. Such undertaking shall also
provide for future adjustments to the number of Warrant Shares and the Exercise
Price in accordance with the provisions set forth in Section 2 hereof.

         (b) In the event the Company should at any time, or from time to time
after the Original Issue Date, fix a record date for the effectuation of a stock
split or subdivision of the outstanding shares of Common Stock or the
determination of holders of Common Stock entitled to receive a dividend or other
distribution payable in additional shares of Common Stock, or securities or
rights convertible into, or entitling the holder thereof to receive directly or
indirectly, additional shares of Common Stock (hereinafter referred to as
"Common Stock Equivalents") without payment of any consideration by such holder
for the additional shares of Common Stock or the Common Stock Equivalents
(including the additional shares of Common Stock issuable upon exercise or
exercise thereof), then, as of such record date (or the date of such dividend,
distribution, split, or subdivision if no record date is fixed), the number of
Warrant Shares issuable upon the exercise hereof shall be proportionately
increased and the Exercise Price shall be appropriately decreased by the same
proportion as the increase in the number of outstanding Common Stock Equivalents
of the Company resulting from the dividend, distribution, split, or subdivision.
Notwithstanding the preceding sentence, no adjustment shall be made to decrease
the Exercise Price below $.0001 per Share.

         (c) In the event the Company should at any time or from time to time
after the Original Issue Date, fix a record date for the effectuation of a
reverse stock split, or a transaction having a similar effect on the number of
outstanding shares of Common Stock of the Company, then, as of such record date
(or the date of such reverse stock split or similar transaction if no record
date is fixed), the number of Warrant Shares issuable upon the exercise hereof
shall be proportionately decreased and the Exercise Price shall be appropriately
increased by the same proportion as the decrease of the number of outstanding
Common Stock Equivalents resulting from the reverse stock split or similar
transaction.

         (d) In the event the Company should at any time or from time to time
after the Original Issue Date, fix a record date for a reclassification of its
Common Stock, then, as of such record date (or the date of the reclassification
if no record date is set), this Warrant shall thereafter be convertible into
such number and kind of securities as would have been issuable as the result of
such reclassification to a holder of a number of shares of Common Stock equal to
the number of Warrant Shares issuable upon exercise of this Warrant immediately
prior to such reclassification, and the Exercise Price shall be unchanged.

<PAGE>

         (e) The Company will not, by amendment of its Certificate of
Incorporation or through reorganization, consolidation, merger, dissolution,
issue, or sale of securities, sale of assets or any other voluntary action, void
or seek to avoid the observance or performance of any of the terms of the
Warrant, but will at all times in good faith assist in the carrying out of all
such terms and in the taking of all such actions as may be necessary or
appropriate in order to protect the rights of Holder against dilution or other
impairment. Without limiting the generality of the foregoing, the Company (x)
will not create a par value of any share of stock receivable upon the exercise
of the Warrant above the amount payable therefor upon such exercise, and (y)
will take all such action as may be necessary or appropriate in order that the
Company may validly and legally issue fully paid and non-assessable shares upon
the exercise of the Warrant.

         (f) When any adjustment is required to be made in the number or kind of
shares purchasable upon exercise of the Warrant, or in the Exercise Price, the
Company shall promptly notify Holder of such event and of the number of shares
of Common Stock or other securities or property thereafter purchasable upon
exercise of the Warrants and of the Exercise Price, together with the
computation resulting in such adjustment.

         (g) The Company covenants and agrees that all Warrant Shares which may
be issued will, upon issuance, be validly issued, fully paid, and
non-assessable. The Company further covenants and agrees that the Company will
at all times have authorized and reserved, free from preemptive rights, a
sufficient number of shares of its Common Stock to provide for the exercise of
the Warrant in full.

         Section 3. No Stockholder Rights. This Warrant shall not entitle Holder
hereof to any voting rights or other rights as a stockholder of the Company.

         Section 4. Transfer of Securities.

         (a) This Warrant and the Warrant Shares and any shares of capital stock
received in respect thereof, whether by reason of a stock split or share
reclassification thereof, a stock dividend thereon, or otherwise, shall not be
transferable except upon compliance with the provisions of the Securities Act of
1933, as amended (the "Securities Act") and applicable state securities laws
with respect to the transfer of such securities. The Holder, by acceptance of
this Warrant, agrees to be bound by the provisions of Section 4 hereof and to
indemnify and hold harmless the Company against any loss or liability arising
from the disposition of this Warrant or the Warrant Shares issuable upon
exercise hereof or any interest in either thereof in violation of the provisions
of this Warrant.

         (b) Each certificate for the Warrant Shares and any shares of capital
stock received in respect thereof, whether by reason of a stock split or share
reclassification thereof, a stock dividend thereon or otherwise, and each
certificate for any such securities issued to subsequent transferees of any such
certificate shall (unless otherwise permitted by the provisions hereof) be
stamped or otherwise imprinted with a legend in substantially the following
form:

                  "NEITHER THIS WARRANT NOR THE SHARES OF COMMON STOCK ISSUABLE
                  UPON EXERCISE HEREOF HAVE BEEN REGISTERED UNDER THE SECURITIES
                  ACT OF 1933, AS AMENDED, OR ANY APPLICABLE STATE SECURITIES
                  LAW AND NEITHER MAY BE SOLD OR OTHERWISE TRANSFERRED UNTIL (I)
                  A REGISTRATION STATEMENT UNDER SUCH SECURITIES ACT AND SUCH
                  APPLICABLE STATE SECURITIES LAWS SHALL HAVE BECOME EFFECTIVE
                  WITH REGARD THERETO, OR (II) THE COMPANY SHALL HAVE RECEIVED A
                  WRITTEN OPINION OF COUNSEL ACCEPTABLE TO THE COMPANY TO THE
                  EFFECT THAT REGISTRATION UNDER SUCH SECURITIES ACT AND SUCH
                  APPLICABLE STATE SECURITIES LAWS IS NOT REQUIRED IN CONNECTION
                  WITH SUCH PROPOSED TRANSFER."

<PAGE>

         Section 5. Registration. All warrant shares are subject to the
customary piggyback registration rights granted to other warrant holders granted
similar warrants, and the holder may request inclusion of the warrant shares in
the next registration statement and on subsequent registration statements,
including amendments thereto, registering other shares of the holder.
Notwithstanding the foregoing, the Holder shall be entitled to such greater
piggyback rights as set forth in the Amendment to Consulting Agreement dated
December 17, 2003.

         Section 6. Miscellaneous.

         (a) The terms of this Warrant shall be binding upon and shall inure to
the benefit of any successors or permitted assigns of the Company and Holder.

         (b) Except as otherwise provided herein, this Warrant and all rights
hereunder are transferable by the registered holder hereof in person or by duly
authorized attorney on the books of the Company upon surrender of this Warrant,
properly endorsed, to the Company. The Company may deem and treat the registered
holder of this Warrant at any time as the absolute owner hereof for all purposes
and shall not be affected by any notice to the contrary.

         (c) Notwithstanding any provision herein to the contrary, Holder may
not exercise, sell, transfer, or otherwise assign this Warrant unless the
Company is provided with an opinion of counsel reasonably satisfactory in form
and substance to the Company, to the effect that such exercise, sale, transfer,
or assignment would not violate the Securities Act or applicable state
securities laws.

         (d) This Warrant may be divided into separate warrants covering one
share of Common Stock or any whole multiple thereof, for the total number of
shares of Common Stock then subject to this Warrant at any time, or from time to
time, upon the request of the registered holder of this Warrant and the
surrender of the same to the Company for such purpose. Such subdivided Warrants
shall be issued promptly by the Company following any such request and shall be
of the same form and tenor as this Warrant, except for any requested change in
the name of the registered holder stated herein.

         (e) Any notices, consents, waivers, or other communications required or
permitted to be given under the terms of this Warrant must be in writing and
will be deemed to have been delivered (a) upon receipt, when delivered
personally, (b) upon receipt, when sent by facsimile, provided a copy is mailed
by U.S. certified mail, return receipt requested, (c) three (3) days after being
sent by U.S. certified mail, return receipt requested, or (d) one (1) day after
deposit with a nationally recognized overnight delivery service, in each case
properly addressed to the party to receive the same.

         If to Holder, to the registered address of Holder appearing on the
books of the Company. Each party shall provide five (5) days prior written
notice to the other party of any change in address, which change shall not be
effective until actual receipt thereof.

         (f) The corporate laws of the State of Nevada shall govern all issues
concerning the relative rights of the Company and its stockholders. All other
questions concerning the construction, validity, enforcement and interpretation
of this Warrant shall be governed by the internal laws of the State of New York,
without giving effect to any choice of law or conflict of law provision or rule
(whether of the State of New York or any other jurisdictions) that would cause
the application of the laws of any jurisdictions other than the State of New
York. Each party hereby irrevocably submits to the non-exclusive jurisdiction of
the state and federal courts sitting the City of New York, borough of Manhattan,
for the adjudication of any dispute hereunder or in connection herewith or with
any transaction contemplated hereby or discussed herein, and hereby irrevocably
waives, and agrees not to assert in any suit, action or proceeding, any claim
that it is not personally subject to the jurisdiction of any such court, that
such suit, action or proceeding is brought in an inconvenient forum or that the
venue of such suit, action or proceeding is improper. Each party hereby
irrevocably waives personal service of process and consents to process being
served in any such suit, action or proceeding by mailing a copy thereof to such
party at the address for such notices to it under this Warrant and agrees that
such service shall constitute good and sufficient service of process and notice
thereof. Nothing contained herein shall be deemed to limit in any way any right
to serve process in any manner permitted by law. If any provision of this
Warrant shall be invalid or unenforceable in any jurisdiction, such invalidity
or unenforceability shall not affect the validity or enforceability of the
remainder of this Warrant in that jurisdiction or the validity or enforceability
of any provision of this Warrant in any other jurisdiction.

                       [Signatures on the following page]

<PAGE>

                                 SIGNATURE PAGE
                                       TO
                                     COMPANY
                          COMMON STOCK PURCHASE WARRANT

IN WITNESS WHEREOF, the Company, has caused this Warrant to be executed in its
name by its duly authorized officers under seal, and to be dated as of the date
first above written.

                                    PEAK ENTERTAINMENT HOLDINGS, INC.

                                    By:
                                         -------------------------------------
                                         Name:  Wilfred Shorrocks
                                         Title: President

<PAGE>

                                   ASSIGNMENT

              (To be Executed by the Registered Holder to effect a
                       Transfer of the foregoing Warrant)

FOR VALUE RECEIVED, the undersigned hereby sells, and assigns and transfers unto
___________________________________________________________________________ the
foregoing Warrant and the rights represented thereto to purchase shares of
Common Stock of Peak Entertainment Holdings, Inc. in accordance with terms and
conditions thereof, and does hereby irrevocably constitute and appoint
_______________________________________ Attorney to transfer the said Warrant on
the books of the Company, with full power of substitution.

Holder:
________________________________

________________________________

Address

Dated: __________________, 20__

In the presence of:
_______________________________

<PAGE>

                          EXERCISE OR CONVERSION NOTICE

                  [To be signed only upon exercise of Warrant]

To:      Peak Entertainment Holdings, Inc.

The undersigned Holder of the attached Warrant hereby irrevocably elects to
exercise the Warrant for, and to purchase thereunder, _____ shares of Common
Stock of Peak Entertainment Holdings, Inc., issuable upon exercise of said
Warrant and hereby surrenders said Warrant.

The undersigned herewith requests that the certificates for such shares be
issued in the name of, and delivered to the undersigned, whose address is
________________________________.

         If electronic book entry transfer, complete the following:

Account Number:________________________________

Transaction Code Number:_______________________

Dated: ___________________

                                         Holder:

                                         ____________________________________

                                         ____________________________________

                                         By:________________________________
                                         Name:
                                         Title:

                                     NOTICE

The signature above must correspond to the name as written upon the face of the
within Warrant in every particular, without alteration or enlargement or any
change whatsoever.

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