Document:

<PAGE>

                                                                   EXHIBIT 10.17

********************************************************************************

CONFIDENTIAL TREATMENT HAS BEEN REQUESTED FOR PORTIONS OF THIS EXHIBIT.
THE PORTIONS OF THIS EXHIBIT FOR WHICH CONFIDENTIAL TREATMENT HAS BEEN
REQUESTED ARE DENOTED BY THE SYMBOL ****.

********************************************************************************

                         WEBCAST DISTRIBUTION AGREEMENT

                                 NO. 012100NEXTB

This Webcast Distribution Agreement ("Agreement") is made on January 21, 2000
("Service Start Date"), by and between iBEAM Broadcasting Corporation-TM-, a
Delaware corporation ("iBEAM"), with offices at 645 Almanor Avenue, Suite 100,
Sunnyvale, CA 94086, NEXT BIG STAR, LLC ("Content Provider"), with offices in
Orlando, Florida.

WHEREAS, Content Provider desires to have iBEAM-TM- distribute, and iBEAM
desires to distribute, certain portions of Content Provider's content and
Internet websites to providers of Internet access services.

NOW, THEREFORE, the parties hereto, for the below mentioned consideration and
other good and valuable consideration recognized by the parties, hereby agree as
follows:

       1.     DEFINITIONS.

       (a)     WEBCAST DISTRIBUTION SERVICE: A service incorporating the
Multitier Distribution Service, and Ancillary Services.

       (b)    MULTITIER DISTRIBUTION SERVICE: The service provided by iBEAM,
whereby iBEAM distributes On-Air, On-Stage and On-Demand Content through a
system of satellite communications and/or terrestrial communications equipment,
one or more computer servers, and appropriate software to iBEAM defined entities
which may include entities which provide access to the Internet to consumers,
commercial entities, users of private internets, and other third parties, both
domestic and international, regardless of the means of access to the Internet
offered thereby.

       (c)    ANCILLARY SERVICE: Any service provided by iBEAM beyond that
covered in the Multitier Distribution Service.

       (d)    CONTENT: The Content Provider's Internet Web site(s) or other
media as agreed upon mutually by the parties and provided by Content Provider to
iBEAM. iBEAM will accept the Content in Windows Media Player format. Under the
terms of this agreement, iBEAM and her contractors and agents will only
distribute streamed content in the Windows Media format.

All information contained with this document is confidential to the Parties
hereto and shall not be reproduced or disclosed to any third party without
written consent of the Parties.

<PAGE>
                                      -2-

       (e)    TELECOMMUNICATIONS PROVIDER: Any entity with which iBEAM contracts
for telecommunications services for the purpose of providing the Webcast
Distribution Service.

       (f)    ON-DEMAND: or media on demand allows users of the Internet to view
certain media types including audio and video, which are stored at various
points within the iBEAM network.

       (g)    ON-AIR: Distribution of Content directly through the iBEAM network
without storage for later use, which exceeds seven (7) days duration.

       (h)    ON-STAGE: Distribution of Content directly through the iBEAM
network without storage for later use, which is equal or less than seven (7)
days in duration.

       2.     CONTENT PREPARATION, DISTRIBUTION, SERVICE, LICENSE AND OWNERSHIP.

       (a)    CONTENT PREPARATION: iBEAM shall prepare the Content for such
services as Content Provider has elected to have iBEAM provide. Content Provider
shall provide iBEAM with the access, to Content Provider facilities and/or the
Content, needed for iBEAM to prepare said Content and provide services that
Content Provider has elected to use. Content Provider understands that iBEAM's
performance and completion of the foregoing activities is dependent in part on
Content Provider's assistance and actions. Accordingly, Content Provider will
use reasonable efforts to timely provide iBEAM with the items, access and
assistance required to complete such activities, and any dates or time periods
relevant to performance by a Party shall be appropriately and equitably extended
to account for any delays due to the other Party.

       (b)    WEBCAST DISTRIBUTION SERVICE: Subject to availability and the
terms and conditions hereto, iBEAM undertakes to provide such Services as are
elected by the Content Provider for the term of this Agreement. Content Provider
will elect services as are specified in Schedule A and, with iBEAM's prior
written approval, through the use of an iBEAM provided purchase request. Upon
iBeam's written approval such service shall be incorporated into the Multitier
Distribution Service and be subject to this Agreement. Total number of source
streams and the encoded bit rates for such streams will be subject to iBEAM's
prior approval. Total volume of Content Provider Content, source streams and
broadcast over the Multitier Distribution Service will be subject to iBEAM
approval. In the event that Content Provider materially breaches any provision
of this Agreement, iBEAM shall not be under any obligation to provide any
service.

       (i)    Access by Internet users to the Multitier Distribution Service
will be effectuated through the use of an iBEAM specified metafile. Amounts of
streams to be served,

All information contained with this document is confidential to the Parties
hereto and shall not be reproduced or disclosed to any third party without
written consent of the Parties.

<PAGE>
                                      -3-

amounts to be kept as static, On-Demand and/or HTTP, will be as mutually agreed
between the Parties.

       (c)    LICENSE: Content Provider hereby grants to iBEAM, solely for
distribution through iBEAM services that allow viewers to select the Content
from Content Provider web site and are redirected to iBEAM equipment, and iBEAM
accepts, a worldwide, non-exclusive, license to use, reproduce, market, promote,
host, distribute, display, perform, cache, and transmit Content in connection
with the Webcast Distribution Service for the purposes of this Agreement. This
license includes the right to allow Telecommunications Providers to perform the
same functions as iBEAM as part of the Webcast Distribution Service. iBEAM will
take reasonable precautions to prevent the unauthorized reception and use of the
Content, while being transported in the iBEAM network, and will take reasonable
security measures to prevent such unauthorized and unlawful use or copying by
third parties not intended under this Agreement to receive said Content.

       (d)    OWNERSHIP: Content Provider or its licensors retains all right,
title and interest to the Content. iBEAM or its assigns retains all right, title
and interest to all software, products, equipment, works, and other intellectual
property created, used or provided by iBEAM in connection with the Webcast
Distribution Service, and other activities performed by iBEAM pursuant to this
Agreement.

       3.     PROMOTION. Each Party shall have the right to make public
announcements and/or press releases using the other Party's name provided they
have obtained prior written approval, which shall not be unreasonably withheld.
Additionally, the Parties will investigate other mutually agreeable promotional
activities.

       4.     TERM AND TERMINATION. This Agreement shall continue with full
force and effect for one (1) year from the Service Start Date (the "Initial
Term") and shall thereafter renew for successive one (1) year terms (each, a
"Renewal Term") unless terminated by either Party for any reason upon thirty
(30) days notice prior to the end of any Renewal Term, as the case may be, to
the other Party (the "Term"). In the event iBEAM changes its pricing or services
as set forth in Exhibit A, Content Provider may, prior to the effective date of
the new pricing, terminate, with thirty (30) days notice, during which current
pricing would apply, otherwise the Agreement will continue to the next Renewal
Term unless terminated pursuant to another provision of this Agreement. Either
Party may terminate this Agreement at any time, effective immediately, upon
written notice to the other Party, if such other Party: (i) breaches any of its
material obligations hereunder and fails to cure such breach (or to provide
evidence, to the other Party's reasonable satisfaction, that it is working
diligently towards curing and will have cured within an agreed-upon timeframe)
within sixty (60) days of receipt of written no-

All information contained with this document is confidential to the Parties
hereto and shall not be reproduced or disclosed to any third party without
written consent of the Parties.

<PAGE>
                                      -4-

tice from the other Party; (ii) files a petition in bankruptcy; and/or (iii)
makes an assignment for the benefit of its creditors. Any such termination shall
be without any liability to or obligation of the terminating Party, other than
with respect to any breach of obligations under this Agreement prior to
termination. In the event of termination of this Agreement for any reason the
following shall remain in full force and effect: Article 2(d), and Articles 6, 7
and 8.

       5.     PAYMENT.

       (a)    iBEAM will provide the Multitier Distribution Service at pricing
set forth within Schedule A. Payments shall be made in a manner consistent with
Articles 5(c), 5(d) and 5(e).

       (b)    iBEAM will provide the Ancillary Service at then current quoted
rates. Payments shall be made in a manner consistent with Articles 5(c), 5(d)
and 5(e).

       (c)    Invoicing shall be on a monthly basis and all payments shall be
made net 30 days upon receipt of invoice to the address specified on each
invoice.

       (d)    All prices set forth herein are exclusive of taxes. Content
Provider is responsible for any taxes associated with services offered herein.

       (e)    Notwithstanding the above any Content Provider located outside the
United States must make payments via wire transfer to the account specified
within each invoice in US dollars.

       6.     WARRANTIES AND INDEMNIFICATION.

       (a)    Content Provider warrants and represents that: (i) it owns or has
properly licensed all rights in the Content necessary to grant the rights and
licenses granted hereunder; (ii) the Content is not obscene, infringing,
misappropriated, defamatory, or violates the privacy or publicity of any third
party; and (iii) all Content complies with all applicable federal, state and
local laws and regulations.

       (b)    iBEAM warrants and represents that: (i) it owns or has properly
licensed all rights in all technology used to implement the Webcast Distribution
Service necessary to grant the rights and licenses granted hereunder; (ii) none
of the technology used to implement the Webcast Distribution Service infringes
or misappropriates any intellectual property right of a third party; and (iii)
operation of the Webcast Distribution Service complies with all applicable
federal, state and local laws and regulations.

All information contained with this document is confidential to the Parties
hereto and shall not be reproduced or disclosed to any third party without
written consent of the Parties.

<PAGE>
                                      -5-

       (c)    Each party ("Indemnifying party") shall indemnify and hold
harmless the other party ("Indemnified party") for any breach or claim arising
out of or related to the Indemnifying party's warranties, including payment of
all damages, losses, expenses, costs and attorney's fees; provided that: (i) the
Indemnified party promptly gives the Indemnifying party notice of a breach,
claim, or threatened claim; (ii) the Indemnified party provides all reasonable
assistance to the Indemnifying party in defending the claim, at the Indemnifying
party's expense; and (iii) the Indemnifying party shall have sole control over
the defense of the claim and all settlement negotiations. No settlement shall be
effective (or indemnified) unless it is approved in writing by the Indemnifying
party. The foregoing indemnity shall be a party's sole remedy for a breach of
any warranty given by such party hereunder.

       (d)    EXCEPT FOR THE WARRANTIES SET FORTH IN THIS ARTICLE, NEITHER PARTY
MAKES ANY OTHER WARRANTIES IN CONNECTION WITH THE SUBJECT MATTER OF THIS
AGREEMENT, AND DISCLAIMS ALL SUCH WARRANTIES, EXPRESS OR IMPLIED, INCLUDING ANY
WARRANTIES OF MERCHANTABILITY, FITNESS FOR A PARTICULAR PURPOSE, AND
NON-INFRINGEMENT. iBEAM SPECIFICALLY DISCLAIMS ALL WARRANTIES THAT THE WEBCAST
DISTRIBUTION SERVICE WILL MEET ANY STANDARD OF PERFORMANCE OR ACCURACY OR THAT
IT WILL BE ERROR-FREE, OR TIMELY.

       7.     LIMITATION OF LIABILITIES. IN NO EVENT WILL EITHER PARTY BE LIABLE
TO THE OTHER OR ANY THIRD PARTY FOR DIRECT DAMAGES IN EXCESS OF $500,000.00, OR
SPECIAL, COLLATERAL, PUNITIVE, EXEMPLARY, INDIRECT, INCIDENTAL OR CONSEQUENTIAL
DAMAGES (INCLUDING WITHOUT LIMITATION, LOSS OF GOODWILL, LOSS OF PROFITS OR
REVENUES, LOSS OF SAVINGS, LOSS OF USE, INTERRUPTIONS OF BUSINESS, AND CLAIMS OF
CUSTOMERS) WHETHER SUCH DAMAGES OCCUR PRIOR OR SUBSEQUENT TO, OR ARE ALLEGED AS
A RESULT OF, TORTIOUS CONDUCT OR BREACH OF ANY OF THE PROVISIONS OF THIS
AGREEMENT, EVEN IF EITHER PARTY HAS BEEN ADVISED BY THE OTHER OR ANY OTHER THIRD
PARTY OF THE POSSIBILITY OF SUCH DAMAGES.

       8.     NON-DISCLOSURE. Each party acknowledges that during the term of
this Agreement it may receive Confidential Information of the other party.
"Confidential Information" shall mean all business, technical and financial
information, whether in tangible form or communicated orally, which is labeled
or stamped "confidential," "proprietary," or words to that effect.
Notwithstanding the foregoing, any technology used by iBEAM to provide the
Webcast Distribution Service shall be deemed to be Confidential Information of
iBEAM. Excluded from the foregoing definition is information which: (i) is or
becomes generally known

All information contained with this document is confidential to the Parties
hereto and shall not be reproduced or disclosed to any third party without
written consent of the Parties.

<PAGE>
                                      -6-

or available to the public other than as a consequence of a breach of this
Agreement; (ii) was properly known or otherwise available to the receiving party
prior to its disclosure; (iii) was properly disclosed by a third party to the
receiving party without restriction; or (iv) is independently developed by the
receiving party without access to Confidential Information. The party receiving
Confidential Information shall not, during the term of this Agreement and for
three (3) years after the termination of this Agreement, disclose any
Confidential Information of the disclosing party to any third party or use any
Confidential Information for its benefit or for the benefit of any third party
except as permitted herein. The receiving party shall take reasonable
precautions to maintain the confidentiality of all Confidential Information, and
in no case lesser precautions than the receiving party takes with its own
similar Confidential Information. Upon termination of this Agreement for any
reason, such party shall immediately return or destroy all Confidential
Information of the other party in its possession or control.

       9.     MISCELLANEOUS.

              Force Majeue: Neither Party shall be responsible for the effects
of events of force majeure, including, but not limited to, an act of God,
strike, lockout or other interference with work, war declared or undeclared,
blockade, disturbance, lightning, fire, earthquake, storm, flood, explosion,
network failures, error in the coding of electronic files, software limitations,
or inability to obtain telecommunications services, effects of computer viruses,
governmental or quasi-governmental restraint, expropriation, prohibition,
intervention, direction or embargo, unavailability or delay in availability of
equipment or transport, inability or delay in obtaining governmental or
quasi-governmental approvals, consents, permits, licenses, authorities or
allocations, and any other cause whether of the kind specified above or
otherwise which is not reasonably within the control of the Party affected.

              Assignment: Neither Party may assign or transfer this Agreement or
any right, duty or obligation hereunder to any third party without prior written
consent of the other Party, and any such attempt shall be void and without
effect, except that a Party may assign this Agreement in its entirety to a third
party that acquires all or substantially all of the business or assets of such
Party.

              Choice of Law: This Agreement shall be governed by, and construed
and enforced in accordance with the laws of the State of California, without
regard to its choice of law provisions. The exclusive jurisdiction for any legal
proceeding regarding this Agreement shall be in the courts of the State of
California and the Parties hereto expressly submit to the jurisdiction of said
courts.

All information contained with this document is confidential to the Parties
hereto and shall not be reproduced or disclosed to any third party without
written consent of the Parties.

<PAGE>
                                      -7-

              Waiver: A waiver of a breach or default under this Agreement shall
not be a waiver of any subsequent default. Failure of either Party to enforce
compliance with any term or condition of this Agreement shall not constitute a
waiver of such term or condition.

              Drafting: If any provision or provisions of this Agreement shall
be held to be invalid, illegal or unenforceable, the validity, legality and
enforceability of the remaining portions shall not in any way be affected or
impaired thereby.

              No Partnership or Exclusivity: The Parties shall remain
independent contractors to each other, and neither Party shall have the right or
authority to bind the other Party to any obligation not expressly and
unambiguously stated herein. The Parties hereby agree and unambiguously state
hereby that this Agreement does not in any way constitute an exclusive provision
for services of any type.

              Notices: All notices hereunder shall be in writing, made via
registered mail or facsimile to the address first written above (or such
replacement addresses provided by proper notice), and shall be deemed to be
received when: (i) in the case of registered mail, on the date of registration,
or (ii) in the case of facsimile, on the date indicated in the confirmation of
transmission.

              Integration: This Agreement supersedes and replaces any and all
prior agreements, understandings or arrangements, whether oral or written,
heretofore made between the Parties and relating to the subject matter hereof
and constitutes the entire understanding of the Parties with respect to the
subject matter of this Agreement. This Agreement may not be altered or amended
except by an express written agreement signed by both parties hereto.

IN WITNESS WHEREOF each party executes this Agreement by an officer duly
authorized to bind such party as of the date set forth below.

iBEAM Broadcasting Corporation                    NEXT BIG STAR, LLC
                                             ---------------------------

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

Printed:                                     Printed:
        -------------------------------              ---------------------------

Title:                                       Title:
      ---------------------------------            -----------------------------

All information contained with this document is confidential to the Parties
hereto and shall not be reproduced or disclosed to any third party without
written consent of the Parties.

<PAGE>
                                      -8-

SCHEDULE A PRICING

MultiTier Distribution Service Pricing

ON-AIR PRICING

<TABLE>
<S>                                                        <C>
--------------------------------------------------------------------------------------------------------
Charge                                                     Per quote
--------------------------------------------------------------------------------------------------------
</TABLE>

ON-DEMAND PRICING (WINDOWS MEDIA PLAYER FORMAT)(a)

<TABLE>
<S>                                                        <C>
--------------------------------------------------------------------------------------------------------
Charge                                                   $**** per MB Transferred, per month
--------------------------------------------------------------------------------------------------------
Initial Storage                                          2 GB
--------------------------------------------------------------------------------------------------------
Additional Storage                                       $**** per GB, per month in 100 MB increments(b)
--------------------------------------------------------------------------------------------------------
</TABLE>

ON-STAGE PRICING

<TABLE>
<S>                                                      <C>
--------------------------------------------------------------------------------------------------------
Charge                                                   Per quote
--------------------------------------------------------------------------------------------------------
</TABLE>

ANCILLARY SERVICES PRICING

-------------------------------
(a)    iBEAM will provide months one (1) through four (4) without charge for all
       On-Demand services. iBEAM will provide an invoice during the "without
       charge" period indicating total payment and that such payment has been
       paid by Microsoft through its Netcredits program. During the "without
       charge" period four encoded source streams will be available of 20kbps,
       40kbps, 100kbps and 300kbps.

(b)    All additional storage requests are subject to iBEAM's acceptance at its
       sole discretion and may additionally require substantial lead time to
       implement.

****   Confidential Treatment is being requested for these portions of this
       Agreement.

All information contained with this document is confidential to the Parties
hereto and shall not be reproduced or disclosed to any third party without
written consent of the Parties.

<PAGE>
                                      -9-

<TABLE>
<S>                                                      <C>
--------------------------------------------------------------------------------------------------------
Charge                                                   Per quote
--------------------------------------------------------------------------------------------------------
</TABLE>

PRICING EVALUATION: In the event, Content Provider exceeds five (5) TB
Transferred on two (2) consecutive months, the Parties hereby agree to re-price
the above mentioned to coincide with iBEAM's then standard discount for the
aforementioned volume.

MINIMUM CHARGES: Starting in month two (2) as measured from the Service Start
Date, each month Content Provider will pay a minimum charge of $**** per
month for the Webcast Distribution Service.

ACQUISITION CHARGE: iBEAM will acquire On-Demand Content through iBEAM's ftp
server. Acquisition charges to Content Provider for On-Air, On-Stage and/or any
other services will be at iBEAM's cost for such connectivity methodology plus
10%.

MB TRANSFERRED: is measured at the aggregated exit points of the iBEAM Network.
For streaming media MB Transferred will be calculated by analyzing the Microsoft
Windows Media logs.

95% PEAK: At five (5) minute intervals during a one (1) month period, a usage
reading will be taken from each server serving Content. At the end of each
month, all readings will be sorted from highest bandwidth usage to lowest
bandwidth usage. All gaps or missing data readings will be treated as zero (0)
Mbps readings. The highest five percent (5%) of the readings will be discarded.
The remaining highest sample will be considered the ninety-five percent (95%)
peak rate that will be used to calculate that particular month's billing.

iBEAM Broadcasting Corporation                  NEXT BIG STAR, LLC
                                            ---------------------------

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

Printed:                                    Printed:
        --------------------------------            ----------------------------

Title:                                      Title:
      ----------------------------------          ------------------------------

All information contained with this document is confidential to the Parties
hereto and shall not be reproduced or disclosed to any third party without
written consent of the Parties.

**** Confidential Treatment is being requested for this portion of this
     Agreement.<PAGE>

                                                                   EXHIBIT 10.22

********************************************************************************

CONFIDENTIAL TREATMENT HAS BEEN REQUESTED FOR PORTIONS OF THIS EXHIBIT.
THE PORTIONS OF THIS EXHIBIT FOR WHICH CONFIDENTIAL TREATMENT HAS BEEN
REQUESTED ARE DENOTED BY THE SYMBOL ****.

********************************************************************************

                           VICTORY DISTRIBUTION, INC.

                                LICENSE AGREEMENT

                  THIS AGREEMENT, dated as of April 1, 2000, between Victory
Distribution, Inc., a Florida corporation with its principal office at 1000
Universal Studios Plaza, Building 22A, Orlando, Florida 32819 ("VDI"), and
Allison Manufacturing Co. ("Allison") with its principal office at 350 Fifth
Avenue, New York, New York 10118 (the "Licensee"), as follows.

                  WHEREAS, VDI controls copyrights, trademark rights, and other
proprietary rights in and to the television program known as DOOLEY AND PALS or
THE DOOLEY AND PALS SHOW or other similar names (the "Property") and Agent/SPI
serves as exclusive worldwide licensing and merchandising agent for VDI for the
Property, and;

                  WHEREAS, the Licensee desires to obtain from VDI a license to
manufacture and sell certain merchandise products using said copyrights,
trademarks, and other proprietary rights;

                  WHEREAS, Stalwart Productions, Inc. with its principal office
at 1338 Yale Street, Suite E, Santa Monica, California 90404 ("Agent/SPI") is
VDI's authorized agent for certain dealings with Licensee and described below.

NOW, THEREFORE, the parties agree as follows.

                  1.    GRANT OF LICENSE. VDI grants to the Licensee, on the
terms and conditions set forth in this Agreement, the nonexclusive interactive
right and license to use the Copyrights and Trademarks in connection with the
manufacture, distribution, sale, and advertising of the Licensed Products in the
Territory. The term "Licensed Products" shall mean the following items:
T-shirts, Fashion Tops, Short Sets, Pant Set, Dresses, Jog Sets, and
Co-ordinates for Infant Boy and Girl and Toddler Boy and Girl. Right of 1st
refusal on boy's 4/7 and girl's 4/6x.

                  2.    DISTRIBUTION.

                  (a)   Mid Tier Distribution shall include: JC Penny,
                        Kohl's, Sears, Mervyns, Kids R Us, and Wards

                  (b)   Mass Market Distribution shall include: Kmart,
                        Wal-Mart, Target, and all Regional Discounters

<PAGE>
                                      -2-

                  3.    PERIOD OF AGREEMENT. The period of this Agreement shall
be from April 1, 2000 through December 30, 2003.

                  4.    TERRITORY. United States its Military Bases and
Possessions.

                  5.    ROYALTIES AND ADVANCES. In consideration for the rights
granted to it under this Agreement, the Licensee agrees to pay VDI the
following:

                  (a)   Upon execution of this Agreement the Licensee agrees
                        to pay VDI a non- refundable Advance Royalty Amount,
                        of $****.

                  (b)   Royalties in an amount equal to **** percent (****%) of
                        the Net Wholesale Sales derived by Licensee on all
                        sales of Licensed Products, based upon the invoiced
                        price of each item minus freight costs, reasonable
                        quantity and trade discounts, rejections, actual
                        returns and credits.

                  (c)   Minimum Guarantee total Royalties of $****,
                        less any Advance Royalty Amount that is paid by
                        Licensee to VDI.

All amounts and Royalty Statements due VDI under this Agreement shall be
remitted by the Licensee to the following address:

                                    VICTORY DISTRIBUTION, INC.
                                    Atten:  Licensing Department
                                    1000 Universal Studios Plaza
                                    Building 22A
                                    Orlando, Florida 32819

With a Copy of each Royalty Statement to:

                                    Stalwart Productions, Inc.
                                    Atten: Susan Notarides
                                    1338 Yale Street #E
                                    Santa Monica, California 90404

                  6.    MARKETING PLANS. Within 90 days of the execution of this
Agreement, and on or before each one-year anniversary of the commencement date
of this Agreement, the Licensee shall provide the Agent/SPI with a written
marketing plan with respect to the Licensed Products. Each such marketing plan
shall include, on an Article-by-Article basis, a marketing timetable, sales
projections, channels and methods of distribution, nature and amount of
advertising and advertising expenditures, and any other information that
Agent/SPI may ask the Licensee to include for a Marketing Date of Holiday
2000/Spring 2001. Each

**** Confidential Treatment is being requested for these portions of this
Agreement.

<PAGE>
                                      -3-

marketing plan shall contain specific information for the one-year period
immediately succeeding its submission and general estimates or projections
for subsequent periods during which this Agreement remains in effect.

                  7.    VDI'S APPROVAL OF LICENSED PRODUCTS, ADVERTISING,
CONTAINERS, MATERIALS, ETC.

                 (a)    The quality and style of the Licensed Products as
well as any carton, container, packing or wrapping material shall be subject
to the express written approval of VDI and Agent/SPI prior to licensing for
distribution and sale thereof by Licensee. Also, each and every tag, label,
imprint or other device used in connection with any Licensed Products and all
advertising, promotional or display material bearing the Property and or
Licensed Products shall be submitted by Licensee to VDI and Agent/SPI for
express written approval prior to use by Licensee. Such approval may be
granted or withheld as VDI and Agent/SPI in its sole discretion may determine.

                 (b)    VDI and Agent/SPI agree to use reasonable efforts to
notify the Licensee in writing of approval or disapproval by VDI and
Agent/SPI of any materials submitted to Agent/SPI under this Agreement within
10 business days after Agent/SPI's receipt of such materials, and agrees, in
the case of a disapproval, to notify the Licensee in writing of the reasons
for disapproval. VDI's and Agent/SPI's failure to respond within such
10-business-day period shall not be deemed approval of the submission in
question.

                 (c)    Licensee shall, before selling or distributing any of
the Licensed Product furnish to Agent/SPI, for approval by Agent/SPI and VDI,
free of cost, for its express written approval, 1) one generic sample of
Licensed Products in question, 2) concept art, final artwork with copyright
and trademark notices, 3) pre-production prototype, 4) six final production
samples. Also each type of carton, container, packing and wrapping material
used with each Licensed Product, each and every tag, label, imprint or other
device used in connection with any Licensed Product, and all advertising,
story board, script, promotional or display material bearing the Property
and/or Licensed Products. Said samples shall be sent to Agent/SPI by means
permitting certification of receipt at the mailing address stated in the
notice clause herein. After samples have been approved by Agent/SPI and VDI
pursuant to this clause, Licensee shall not depart therefrom in any respect
without the express prior written approval of Agent/SPI and VDI. The
prototypes shall conform to the requirements of Clause 8.

                  8.    PROTECTION OF VDI'S RIGHTS AND INTERESTS. VDI and
Licensee agree that Licensee's utilization of the Property upon or in
connection with the manufacture, distribution and sale of the License
Products is conditioned upon protection of VDI's rights and obtaining

<PAGE>
                                      -4-

the goodwill resulting from such use. Licensee agrees to protect VDI's rights
and goodwill as set forth in this Agreement.

                  (a) GOOD WILL AND PROTECTION.

                     (i)      Licensee recognizes the great value of the
                              publicity and goodwill associated with the
                              Property and, in such connection,
                              acknowledges that such goodwill exclusively
                              belongs to VDI and that the Property has
                              acquired a secondary meaning in the mind of
                              the purchasing public. Licensee further
                              acknowledges that all rights in any
                              additional material, new versions,
                              translations, rearrangements, or other
                              changes in the Property which may be created
                              by or for Licensee, shall be and will remain
                              the exclusive property of VDI and the same
                              shall be and will remain a part of the
                              Property under the terms and conditions of
                              this Agreement.

                     (ii)     VDI may, if it so desires, and in its
                              reasonable discretion, commence or prosecute
                              any claims or suits against infringement of
                              its right in the Property and may, if it so
                              desires, join Licensee at VDI's expense as a
                              party in such suit. Licensee shall notify
                              VDI in writing of any activities which
                              Licensee believes to be infringements or
                              utilization by others of the Property on
                              Licensed Products. VDI shall have the sole
                              right to determine whether or not any action
                              shall be undertaken as a result of such
                              activity and shall have sole discretion in
                              the accommodation or settlement of any
                              controversies relating thereto. Licensee
                              shall not institute any suit or take any
                              action with respect to any such infringement
                              or imitation without first obtaining the
                              written consent of VDI to do so.

                  (b) INDEMNIFICATION BY LICENSEE. Licensee shall indemnify VD
after the Term hereof against all claims, liabilities (including settlements
entertain into in good faith with VDI's consent, not to be unreasonably
withheld) and expenses (including unreasonable attorneys' fees) arising out of
Licensee's activities hereunder, or out of any defect (whether obvious or hidden
and whether or not present in any sample Licensed Product approved by VDI) in a
Licensed Product, or arising from personal injury or any infringement of any
rights of any other Person by the manufacture, sale, possession or use of
Licensed Products, or their failure to comply with applicable laws, regulations
and standards. The parties indemnified hereunder include VDI, and its parents,
subsidiaries and affiliates, and co-producers and co-venturers of VDI. VDI's
licensors, its and their subsidiaries, its and their officers, directors,
employees and agents. This indemnity shall not apply to any claim or liability
relating to any infringement of the copyright of a third party caused by VDI's
utilization of the Licensed

<PAGE>
                                      -5-

Products and Trademarks in accordance with this Agreement. With respect to
the foregoing indemnity, Licensee shall defend and hold harmless Indemnified
Parties and each of them at no cost or expense to them whatsoever, including
but not limited to reasonable attorneys' fees and court costs. VDI shall have
the right but not the obligation to defend any such action or proceeding at
its own expense with attorneys of its own selection.
["Provided that prompt written notice of any claim is given to Licensee and
Licensee shall have the right to defend by counsel of its own choosing.]

                  (c) INDEMNIFICATION BY LICENSOR. VDI shall indemnify Licensee
during and after the Term hereof against all claims, liabilities (including
settlements entered into in good faith with fees) arising out of any claim that
Licensee's use of any representation of the Licensed Articles or the Trademarks
in accordance with the provisions of this Agreement infringes the copyright of
any third party or infringes any right granted by VDI to such third party.
Licensee shall not, however, be entitled to recover for lost profits.

                  (d) PRODUCT LIABILITY INSURANCE AND ADVERTISER'S LIABILITY
INSURANCE. The Licensee agrees to obtain and maintain during the term of this
Agreement, at its own expense, product liability insurance providing protection
(at a minimum, in the amount of $1,000,000 per occurrence/$2,000,000 annual
aggregate) applicable to any claims, liabilities, damages, costs, or expenses
arising out of any defects or alleged defects in the Articles. Such insurance
shall include coverage of VDI and Agent/SPI and its directors, officers, agents,
employees, assignees, and successors. Within 30 days after the execution of this
Agreement by VDI and Agent/SPI, the Licensee shall cause the insurance company
issuing such policy to issue a certificate to Agent/SPI confirming that such
policy has been issued and is in full force and effect and provides coverage of
VDI and Agent/SPI as required by this Clause and also confirming that before any
cancellation, modification, or reduction in coverage of such policy the
insurance company shall give VDI and Agent/SPI 30 days' prior written notice of
such proposed cancellation, modification, or reduction.

                  9. SPECIFIC UNDERTAKINGS OF THE PARTIES.

                  (a) VDI warrants, represents and agrees that it has certain
ownership rights in and has the right to grant licenses to utilize the names
(including the name of the Property), characters, artists' portrayal of
characters, likeness and visual representations as included in the Property and
to grant the rights to the Property granted Licensee in this Agreement.

                  (b) Licensee warrants, represents and agrees that:

                     (i)      It will manufacture, sell and distribute the
                              Licensed Products in an ethical manner and
                              in accordance with the terms and intent of
                              this Agreement;

<PAGE>
                                      -6-

                     (ii)     it will not create any expenses chargeable
                              to VDI;

                     (iii)    It will not enter into any agreement
                              relating to the Property for commercial
                              tie-ups or promotions or otherwise, with any
                              person or entity engaged, in whole or in
                              part, in the production of television,
                              without the prior written consent of VDI.

                     (iv)     It will cause to be manufactured, sell and
                              distribute Licensed Products of a high
                              standard and of such quality, style and
                              appearance as shall be reasonably adequate
                              and suited to their exploitation to the best
                              advantage and to the protection and
                              enhancement of the Property and the good
                              will pertaining thereto; that such Licensed
                              Products will be manufactured, packaged,
                              sold and distributed and advertised in
                              accordance with all applicable (whether
                              national, federal, state, provincial or
                              local) laws and that the policy of sale,
                              distribution and or exploitation by Licensee
                              shall be of high standard and at the best
                              advantage of the Property and that the same
                              shall in no manner reflect adversely upon
                              the good name of VDI, or the Property.

                  10. TRADEMARK NOTICES AND PROTECTION. The Licensee agrees to
affix to the Licensed Products and to the Advertising Materials such trademark
and design notices as may be specified by VDI and Agent/SPI. When one of the
Trademarks is used as a trademark for any Article, the name shall be properly
used as a trademark a larger or bolder type than the Article, and shall not be
used as the generic name of the Article.

                  (a) TRADEMARK USES INURE TO VDI'S BENEFIT. All trademark uses
of the Trademarks by the Licensee shall inure to the benefit of VDI, which shall
own all trademarks and trademark rights created by such uses. The Licensee
hereby assigns and transfers to VDI all trademarks and trademark rights created
by such uses of the Trademarks, together with the goodwill of the business in
connection with which such trademarks are used.

                  (b) TRADEMARK REGISTRATIONS. VDI shall have the right, but not
the obligation, to file in the appropriate offices of countries of the Territory
trademark or design applications relating to the use or proposed use by the
Licensee of any of the Trademarks in connection with the Licensed Products, such
filings to be made in the name of VDI or in the name of any third party selected
by VDI.

                  (c) RECORDS RELATIVE TO TRADEMARK USES. The Licensee shall
keep appropriate records (including copies of pertinent invoices and
correspondence) relating to the dates when each of the Licensed Products is
first placed on sale or sold in each country of the Territory, and the dates of
first use in each country of each different Trademark on the Licensed

<PAGE>
                                      -7-

Products and Advertising Materials. At VDI's request, the Licensee shall
supply VDI with samples of the trademark usage in question and other
information which will enable VDI to complete and obtain trademark or design
applications or registrations, or to evaluate or oppose any trademark or
design applications, registrations, or uses of third parties.

                  (d) REGISTERED USER LAWS. As to those countries which require
applications to register the Licensee as a registered user of a Trademark or
Trademarks used on or in connection with the Licensed Products or which require
the recordation of this Agreement, the Licensee agrees to execute and deliver to
VDI such documents as may be necessary and as are furnished by VDI for such
purposes.

                  11. COPYRIGHT NOTICES AND PROTECTION.

                  (a) COPYRIGHT NOTICES. The authorization of VDI to the
Licensee to make public distribution of the Licensed Products and Advertising
Materials is expressly conditioned upon the following agreement of the Licensee.
The Licensee agrees to place on all Licensed Products and on all Advertising
Materials the copyright notice or notices as required by VDI and Agent/SPI.

                  (b) AFFIXATION OF NOTICE; NAME OF COPYRIGHT PROPRIETOR. The
Licensee acknowledges that proper copyright notices must be permanently affixed
to all Licensed Products and Advertising Materials and to any separate portions
of Licensed Products or Advertising Materials which contain the Program and
which are intended to be used separately by the purchaser or ultimate user. The
Licensee agrees that it will not, without VDI's prior written consent, affix to
the Licensed Products or the Advertising Materials a copyright notice in its
name or the name of any person, firm, or corporation other than VDI.

                  (c) ASSIGNMENT BY LICENSEE. The Licensee sells, assigns, and
transfers to VDI its entire worldwide right, title, and interest in and to all
"new works" or "derivative works" heretofore or hereafter created using the
Program, including, but not limited to, the copyrights and renewal copyrights
thereon, except for any portion contained in the Licensed Products that is
otherwise owned by Licensee as a separate work of authorship. If parties who are
not employees of the Licensee living in the U.S. make or have made any
contribution to the creation of a "new work," so that such parties might be
deemed to be "authors" of the same as that term is used in present or future
U.S. copyright statutes, the Licensee agrees to obtain from such parties a
comparable full assignment of rights so that the foregoing assignment by the
Licensee vests in VDI full fights in the "new work," free of any claims,
interests, or rights of other parties. The Licensee agrees not to permit any of
its employees to obtain or reserve by oral or written employment agreements any
rights as "authors" of such "new works." At VDI's request, the Licensee agrees
to furnish VDI with full information concerning the creation of "new works" and
with copies of assignments of rights obtained from other parties.

<PAGE>
                                      -8-

                  12. ROYALTIES; STATEMENTS.

                  (a) BASIS FOR COMPUTATION OF ROYALTIES. All royalties due to
VDI shall accrue upon the sale of the Licensed Products, regardless of the time
of collection by the Licensee. For purposes of this Agreement, an Article shall
be considered "sold" as of the date on which such Article is billed, invoiced,
shipped, or paid for, whichever event occurs first. If any Licensed Products are
consigned to a distributor by the Licensee, the Licensed Products shall be
considered "sold" by the Licensee as of the date on which such distributor
bills, invoices, ships, or receives payment for any of the Licensed Products,
whichever event occurs first.

                  (b) TIME OF PAYMENT; TIME FOR FILING ROYALTY STATEMENTS. The
Licensee shall pay all royalties owing to VDI under this Agreement for any
calendar quarter within 30 days following the end of the calendar quarter in
question. All royalty statements required to be submitted by the Licensee shall
be submitted within 30 days to VDI and Agent/SPI following the end of the
calendar quarter to which they relate and shall accompany the royalty payments
made to VDI.

                  13. DEDUCTIONS; TAXES.

                  (a) There shall be no deduction from the royalties owed to VDI
for uncollectible accounts, or for taxes, fees, assessments, or other expenses
of any kind which may be incurred or paid by the Licensee in connection with.
(i) royalty payments due VDI; (ii) the manufacture, sale, distribution, or
advertising of the Licensed Products in the Territory; or (iii) the transfer of
funds or royalties or the conversion of any currency into U.S. dollars. It shall
be the Licensee's sole responsibility at its expense to obtain the approval of
any governmental authorities; to take whatever steps may be required to effect
the payment of funds to VDI; to minimize or eliminate the incidence of taxes,
fees, or assessments which may be imposed; to enable it to commence or continue
doing business in any country; and to comply in any and all respects with all
applicable laws and regulations.

                  (b) Notwithstanding the provisions of the preceding Clause, if
(i) any country imposes a withholding tax against VDI, as licensor, with respect
to the royalties payable to VDI by the Licensee on sales of the Licensed
Products in such country, (ii) such tax is paid by the Licensee on behalf of
VDI, and (iii) such tax is an income tax as to which a foreign tax credit is
allowable to VDI under Section 901 of the Internal Revenue Code of 1986, as
amended, the Licensee may deduct the amount of such withholding tax from the
royalties paid to VDI under this Agreement on the condition that the Licensee
furnishes to VDI all information and documentation required by VDI to enable VDI
to obtain a foreign tax credit on its U.S. income tax return with respect to
such withholding tax payment by the Licensee.

<PAGE>
                                      -9-

                  (c) ROYALTY STATEMENTS. The Licensee shall furnish to VDI and
Agent/SPI at the same time it makes payment of royalties, a full and complete
statement, duly certified by an officer of the Licensee to be true and accurate,
showing the number of each type of Article sold during the calendar quarter in
question, the total gross sales revenues for each such Article, an itemization
of all allowable deductions, if any, the Net Sales Price for each Article sold,
the amount of royalties due with respect to such sales, the quantities of each
Article on hand and in transit as of the end of such quarter, and the name and
address of each retailer to which the Licensee has sold the Licensed Products
during such quarter, together with such other pertinent information as VDI and
Agent/SPI may reasonably request from time to time. There shall be a breakdown
of sales of Licensed Products by country, and all figures and monetary amounts
shall first be stated in the currency in which the pertinent sales were actually
made. If several currencies are involved in any reporting category, that
category shall be broken down by each such currency. Next to each currency
amount shall be set forth the equivalent amount stated in U.S. dollars, and the
rate of exchange used in making the required conversion calculation. The rate of
exchange shall be the actual rate of exchange obtained by the Licensee on the
date of payment.

                  (d) ROYALTY ADJUSTMENTS. The receipt or acceptance by VDI and
Agent/SPI of any royalty statements furnished pursuant to this Agreement, or the
receipt or acceptance of any royalty payments made, shall not preclude VDI and
Agent/SPI from questioning their accuracy at any time. If any inconsistencies or
mistakes are discovered in such statements or payments, appropriate adjustments
shall be made immediately by the parties. The Licensee shall pay VDI interest on
a late royalty payment at an annual rate of ****% over the prevailing prime
interest rate in effect at Orlando, Florida, on the date on which such late
royalty payment should have been received by VDI.

                  14. BOOKS OF ACCOUNT AND OTHER RECORDS; AUDITS.

                  (a) RETENTION OF RECORDS. While this Agreement remains in
effect and for two years thereafter, the Licensee shall keep full and accurate
books of account and copies of all documents and other material relating to this
Agreement at the Licensee's principal office. VDI and Agent/SPI by their duly
authorized agents and representatives, shall have the right to audit such books,
documents, and other material, shall have access thereto during ordinary
business hours, and shall be at liberty to make copies of such books, documents,
and other material. At VDI's request, the Licensee shall provide an authorized
employee to assist in the examination of the Licensee's records.

                  (b) AUDITS BY VDI. If any audit of the Licensee's books and
records reveals that the Licensee has failed properly to account for and pay
royalties owing to VDI, and the amount of any royalties which the Licensee has
failed properly to account for and pay for any quarterly accounting period
exceeds, by 5% or more, the royalties actually accounted for and

**** Confidential Treatment is being requested for this portion of this
Agreement.

<PAGE>
                                      -10-

paid to VDI for such period, the Licensee shall, in addition to paying VDI
such past due royalties, reimburse VDI for its direct out-of-pocket expenses
incurred in conducting such audit, together with interest on the overdue
royalty amount at an annual rate of 2% over the prevailing prime interest
rate in effect at Orlando, Florida, on the date on which such overdue royalty
amount should have been paid to VDI.

                  15. TERMINATION.

                  (a) If Licensee files a petition in bankruptcy or is
adjudicated a bankrupt or if a petition in bankruptcy is filed against VDI or if
Licensee becomes insolvent or makes an assignment for the benefit of its
creditors or an arrangement pursuant to any bankruptcy law or if Licensee
discontinues its business or if a receiver is appointed for it or its business,
the License granted hereunder, without notice, shall terminate automatically
(upon the occurrence of any such event).

                  (b) If Licensee shall violate any of obligations or conditions
under the terms of this Agreement, VDI shall have the right to terminate the
License herein granted upon thirty (30) days notice in writing, and such notice
of termination shall become effective, unless Licensee shall completely remedy
the violation and satisfy VDI that such violation has been remedied within the
fourteen day period.

                  (c) If the License granted hereunder is terminated in
accordance with the provisions of Sub clauses 14(a) or 14(b), all Gross Receipts
theretofore accrued shall become due and payable immediately to the depository
and VDI shall not be obligated to reimburse Licensee for any payment theretofore
paid by Licensee to VDI.

                  (d) VDI'S RIGHT TO ELIMINATE COUNTRY FROM TERRITORY. If at any
time during the period of this Agreement the Licensee is not making regular
sales of more than a nominal nature of any of the Licensed Products in a country
of the Territory, VDI shall have the right, upon giving 30 days prior written
notice to the Licensee, to terminate the Licensee's rights for all Licensed
Products for such country.

                  (e) VDI'S RIGHT TO TERMINATE LICENSE FOR SPECIFIC ARTICLE. If
at any time during the period of this Agreement the Licensee is not making
regular sales of more than a nominal nature of a particular Article in a country
of the Territory, VDI shall have the right, upon giving 30 days' prior written
notice to the Licensee, to terminate the Licensee's rights for such Article in
such country.

                  16. FINAL STATEMENT UPON TERMINATION OR EXPIRATION. As soon as
practical after termination or expiration of this Agreement, but in no event
more than 30 days thereafter, Licensee shall deliver to VDI a statement
indicating the number and description of

<PAGE>
                                      -11-

Licensed Products which Licensee has on hand (or in process of manufacture)
as of (a) sixty (60) days prior to the end of the Term of this Agreement, or
(b) fourteen days after receipt from VDI of a notice terminating this
Agreement (in the event no such notice was given, fourteen days after the
occurrence of any event which terminates this Agreement) whichever shall be
applicable.

                  17. EFFECT OF TERMINATION OR EXPIRATION. Upon expiration of
the License granted hereunder or the earlier termination thereof, all rights
granted to Licensee hereunder shall forthwith revert to VDI, and Licensee
thereafter, directly or indirectly, shall not use or refer to the Property or
any name, character, trademark or designation which in VDI's reasonable opinion
is similar to the Property, in connection with the manufacture, sale or
distribution of products of the Licensee. Licensee shall upon the expiration or
termination turn over to VDI all molds and other materials which reproduce the
Licensed Products, or give VDI satisfactory evidence of their destruction.
Licensee hereby agrees that at the expiration or termination of this Agreement
for any reason, Licensee will be deemed automatically to have assigned,
transferred and conveyed to VDI any and all copyrights, trademark or service
mark rights, goodwill or other right, title or interest in and to the
merchandising of the Property which may have been obtained by Licensee or which
may have vested in Licensee in pursuance of any endeavors covered hereby.
Licensee will execute, and hereby irrevocably appoints VDI its attorney-in-fact
(acknowledging that such power is coupled with an interest) to execute, if
Licensee fails or refuses to do so, any instruments requested by VDI to
accomplish or confirm the foregoing. Any such assignment, transfer or conveyance
shall be without consideration other than the mutual covenants and
considerations of this Agreement. Also, upon expiration or termination of this
Agreement, VDI shall be free to license to others the right to use the Property
in connection with the manufacture, sale and distribution of the Licensed
Products. Notwithstanding the foregoing, The Licensee shall have the
non-exclusive right to sell any article listed in such inventory for a period of
120 days immediately following termination or expiration of this Agreement,
subject to payment of royalties to VDI on any such sales in accordance with the
terms of this Agreement.

                  18. REMEDIES OF GRANTOR.

                  (a) Licensee acknowledges that the failure of the Licensee to
cease the manufacture, sale or distribution of Licensed Products except as
herein permitted upon the expiration or earlier termination of the License
granted hereunder or the failure of Licensee to fulfill its obligations
specified as described in this Agreement, will result in immediate and
irremediable damage to VDI and to the rights of any other licensee of the
Property. Licensee acknowledges that VDI has no adequate remedy at law for any
such failure referred to or referenced to in this Clause and in the event of any
such failure, VDI shall be entitled to equitable relief by way of temporary and
permanent injunctions, in addition to such other further relief as any court of
competent jurisdiction may deem just and proper.

<PAGE>
                                      -12-

                  (b) If VDI uses any remedy afforded by this Clause, VDI shall
not be deemed to have elected its remedy or to have waived any other rights or
remedies available to it under this Agreement, or otherwise.

                  19. FORCE MAJEURE. Licensee shall be released from its
obligations hereunder in the event that governmental regulations or conditions
arising out of a state of national emergency or war, or causes beyond the
control of Licensee render performance by Licensee hereunder impossible. The
release of obligations under this Clause shall be limited to a delay in time for
Licensee to meet its obligations for a period not to exceed three (3) months,
and if there is any failure to meet such obligations after that period, VDI
shall have the absolute right to terminate this Agreement upon thirty (30) days'
notice in writing. Such notice of termination shall become effective if Licensee
does not completely remedy the violation within the same thirty-day period and
satisfy VDI that such failure has been remedied.

                  20. RESERVATION OF RIGHTS. VDI reserves to itself the right to
use or sell the Licensed Products as premiums in the Territory, including such
Licensed Products that are not produced by the Licensee, and VDI shall have the
right to have the Licensed Products produced for premium use by any third party
it desires. However, VDI shall grant Licensee a fifteen (15) day first right of
refusal on premium items that fall within the scope of the specific type of
articles described hereunder. After such fifteen days, VDI shall be free to
grant such rights to any third party. Further, all rights in and to the Property
are retained by VDI for its own use, except for the specific rights in the
Property licensed to the Licensee under this Agreement. VDI reserves the right
to use, and to license other parties to use, the Property in the Territory for
any purpose VDI may determine, but neither VDI nor any party licensed by VDI
shall have the right to use the Property in any manner which would conflict with
the rights granted to the Licensee under this Agreement.

                  21. NOTICES. All notices to be given to the parties shall be
as follows.

If to VDI.

                                            Victory Entertainment, Inc.
                                            1000 Universal Studios Plaza
                                            Building 22A
                                            Orlando, Florida 32819

and to:

                                            Stalwart Productions, Inc.
                                            Atten: Susan Notarides
<PAGE>
                                      -13-

                                            1338 Yale Street #E
                                            Santa Monica, California 90404

If to Licensee.

                                            Allison Manufacturing Co.
                                            Atten: Mike Diablo
                                            350 Fifth Avenue
                                            New York, New York 10118

or at such other address as VDI or Licensee shall designate in writing from time
to time. All notices shall be in writing and shall either be served by Certified
or Registered Mail Return Receipt Requested, or telegraph, all charges prepaid.
Except as provided herein, such notices shall be deemed given when mailed or
accepted by the recipient, all charges prepaid, except that notices of change of
address shall be effective only after the actual receipt thereof.

                  22. WAIVER, MODIFICATION, ETC. No waiver, modification or
cancellation of any term or condition of this Agreement shall be effective
unless executed in writing by the party charged therewith. No written waiver
shall excuse the performance of any act other than those specifically referred
to therein. VDI makes no warranties to Licensee except those specifically
expressed herein.

                  23. No PARTNERSHIP, ETC. This Agreement does not constitute
and shall not be construed as constituting an agency, a partnership or joint
venture between VDI and Licensee. Neither party hereto shall hold itself out
contrary to the terms of this Clause, and neither VDI nor Licensee shall become
liable for any representation, act or omission of the other contrary to the
provisions hereof. This contract shall not be deemed to give any right or remedy
to any third party whatsoever unless said right or remedy is specifically
granted by VDI in writing to such third party.

                  24. NON-ASSIGNABILITY. The license granted hereunder is and
shall be personal to Licensee, and shall not be assignable by any act of
Licensee or by operation of law. Licensee shall not have Licensed Products
manufactured for Licensee by a third party unless Licensee first obtains VDI's
approval in writing and unless the third party enters into an agreement with VDI
not to supply Licensed Products to anyone other than Licensee. Any attempt by
Licensee to grant sub-licenses or to assign or part with possession or control
of the License granted hereunder or any of Licensee's rights hereunder without
VDI's prior written approval shall constitute a material breach of this
Agreement. VDI shall have the right to assign this Agreement, in which event VDI
shall be relieved of any and all obligations hereunder, so long as such Assignee
shall be owned or controlled by VDI or its parent company, Victory Entertainment
Corp.

<PAGE>
                                      -14-

                  25. GOVERNING LAW. This Agreement shall be deemed to have been
made in, and shall be construed in accordance with the laws of the State of
Florida, and its validity, construction, interpretation and legal effect shall
be governed by the laws of the State of Florida, applicable to contracts entered
into and performed entirely therein, venue for any disputes under this Agreement
shall be Orange County, Florida.

                  26. MISCELLANEOUS. This Agreement sets forth the entire
understanding of the parties hereto relating to the subject matter hereof. No
modification, amendment, waiver, termination or discharge of this Agreement, or
of any of the terms or provisions hereof shall be binding upon either party
hereto unless confirmed by a written instrument signed by Licensee and VDI and
Agent/SPI. No waiver by VDI, Agent/SPI or Licensee of any term or provision of
this contract or of any default hereunder shall affect the other's respective
rights thereafter to enforce such term or provision or to exercise any right or
remedy in the event of any other default whether or not similar. If any
provision of this Agreement shall be held void, voidable, invalid, or
inoperative, no other provision of this Agreement shall be affected as a result
thereof, and, accordingly, the remaining provisions of this Agreement shall
remain in full force and effect as though such void, voidable, invalid, or
inoperative provision had not been contained herein. Except as otherwise
provided in this contract, all rights and remedies herein or otherwise shall be
cumulative and none of them shall be in limitation of any other right or remedy.
This contract shall not be effective until signed by a duly authorized officer
of VDI and Agent/SPI and countersigned by a duly authorized officer of Licensee.

ACCEPTED AND AGREED.

VICTORY DISTRIBUTION, INC.                     ALLISON MANUFACTURING CO.
"VDI"                                          "LICENSEE"

By:    ________________________                By:    _______________________

Its:   ________________________                Its:   _______________________

Dated: ________________________                Dated: _______________________

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