Document:

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                                                                    EXHIBIT 10.4

     THE WARRANT REPRESENTED BY THIS CERTIFICATE AND THE SHARES ISSUABLE UPON
EXERCISE THEREOF HAVE NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS
AMENDED (THE "SECURITIES ACT") NOR QUALIFIED UNDER THE CALIFORNIA CORPORATE
SECURITIES LAW OF 1968, AS AMENDED, (THE "CALIFORNIA SECURITIES LAW").  THIS
WARRANT HAS BEEN ACQUIRED FOR INVESTMENT AND NOT WITH A VIEW TO, OR FOR SALE IN
CONNECTION WITH, ANY DISTRIBUTION THEREOF WITHIN THE MEANING OF THE SECURITIES
ACT AND THE SECURITIES LAW.  THIS WARRANT AND THE SHARES ISSUABLE UPON EXERCISE
THEREOF MAY NOT BE SOLD OR OFFERED FOR SALE IN THE ABSENCE OF AN EFFECTIVE
REGISTRATION STATEMENT UNDER THE SECURITIES ACT AND COMPLIANCE WITH THE
CALIFORNIA SECURITIES LAW OR AN OPINION OF COUNSEL SATISFACTORY TO THE COMPANY
TO THE EFFECT THAT SUCH REGISTRATION AND COMPLIANCE ARE NOT REQUIRED.

                                                             Warrant to Purchase
                                                               100,000 Shares of
                                                                    Common Stock
                                                             As Herein Described

                      WARRANT TO PURCHASE COMMON STOCK OF

                         INTERPLAY ENTERTAINMENT CORP.

     This is to certify that, for value received, Liolios Group, Inc. (the
"Holder") is entitled to purchase, subject to the provisions of this Warrant,
from Interplay Entertainment Corp., a Delaware corporation (the "Company"),
having its principal place of business at 16815 Von Karman Avenue, Irvine,
California  92606, at the times, quantities and prices set forth below, up to
One Hundred Thousand (100,000) shares ("Warrant Shares") of the Company's Common
Stock (the "Common Stock").  This Warrant is subject to the following terms and
conditions:

     1     Exercise and Payment.
           --------------------

           1.1  This Warrant shall be exercisable at times, in quantities, and
for exercise prices as follows:

                1.1.1   As to 25,000 shares, exercisable 90 days after the date
of that certain Financial Public Relations Agreement between Holder and the
Company (the "Agreement"), at $3.00 per share;

                1.1.2   As to an additional 25,000 shares, exercisable 180 days
after the date of the Agreement, at $4.00 per share;

                1.1.3   As to an additional 25,000 shares, exercisable 270 days
after the date of the Agreement, at $5.00 per share; and

                1.1.4   As to the remaining shares, exercisable 360 days after
the date of the Agreement, at $6.00 per share.
<PAGE>

           1.2  However, notwithstanding the vesting schedule set forth in
Section 1.1 above, if the Company terminates the Agreement prior to its
-------
expiration (an "Early Termination"), the following shall apply:

                1.2.1   If the Early Termination is effected prior to a change
of control in the Company, on the date of the Early Termination, the Warrant
shall vest as to the portion for which the exercise price is below the market
price on the date of such Early Termination. In such event, this Warrant shall
expire and become void 30 days after the date of such Early Termination.

                1.2.2   If the Early Termination is effected subsequent to a
change of control in the Company, there shall be no vesting on or after the date
of such Early Termination (provided that Warrant Shares vested under Section 1.1
                                                                     -----------
as of the date of the Early Termination shall remain vested), and this Warrant
shall expire and become void 30 days after the date of such Early Termination.

                1.2.3   As used herein, "change of control" means: (i) any sale
of all or substantially all of the assets of the Company, or (ii) any
consolidation, merger or other transaction or series of transactions pursuant to
which the holders of the outstanding voting securities of the Company
immediately prior to such consolidation, merger or other transaction or series
of transactions fail to hold equity securities representing a majority of the
voting power of the Company or surviving entity immediately following such
consolidation, merger or other transaction or series or transactions.

           1.3  To the extent this Warrant is exercisable under Sections 1.1 and
                                                                ------------
1.2 above, it may be exercised in whole or in part on any date before this
---
Warrant's expiration, but if such date is a day on which federal or state
chartered banking institutions located in the State of California are authorized
to close, then on the next succeeding day on which such institutions are open.
Exercise shall be by presentation and surrender to the Company at its principal
office, or at the office of any transfer agent designated by the Company, of (i)
this Warrant, (ii) the attached exercise form properly executed, and (iii)
either (A) a certified or official bank check or wire payment for the Exercise
Price for the number of Warrant Shares specified in the exercise form; or (B)
other securities of the Company owned by the Holder and having a fair market
value determined as set forth in Section 4 hereof equal to the Exercise Price
                                 ---------
for the number of Warrant Shares specified in the exercise form; (C) a written
notice to the Company that the Holder is exercising the Warrant (or a portion
thereof) and authorizing the Company to withhold from issuance a number of
shares of Common Stock issuable upon such exercise of the Warrant having a fair
market value determined as set forth in Section 4 hereof equal to the Exercise
                                        ---------
Price for the number of Warrant Shares specified in the exercise form; or (D)
any combination of the consideration specified in the foregoing clauses (A), (B)
and (C). If this Warrant is exercised in part only, the Company or its transfer
agent shall, upon surrender of the Warrant, execute and deliver a new Warrant
evidencing the rights of the Holder to purchase the remaining number of Warrant
Shares purchasable hereunder. Upon receipt by the Company of this Warrant in
proper form for exercise, accompanied by payment as aforesaid, the Holder shall
be deemed to be the holder of record of the Common Stock issuable upon such
exercise, notwithstanding that the stock transfer books of the Company shall
then be closed or that certificates representing such Warrant Shares shall not
then be actually delivered to the Holder.

           1.4  Conditions to Exercise. The restrictions in Section 7 shall
                ----------------------                      ---------
apply, to the extent applicable by their terms, to any exercise of this Warrant
permitted by this Section 1.
                  ---------

                                       2
<PAGE>

     2     Expiration.  This Warrant shall expire and become void on the third
           ----------
anniversary of the date of the Agreement, unless it expires earlier under the
terms contained herein.

     3     Reservation of Shares. The Company shall, at all times until the
           ---------------------
expiration of this Warrant, reserve for issuance and delivery upon exercise of
this Warrant the number of Warrant Shares which shall be required for issuance
and delivery upon exercise of this Warrant.

     4     Fractional Interests. The Company shall not issue any fractional
           --------------------
shares or script representing fractional shares upon the exercise of this
Warrant. With respect to any fraction of a share resulting from the exercise
hereof, the Company shall pay to the Holder an amount in cash equal to such
fraction multiplied by the current fair market value per share of Common Stock,
determined as follows:

           4.1  If the Common Stock is listed on a national securities exchange
or admitted to unlisted trading privileges on such an exchange or is listed on
the National Association of Securities Dealers Automated Quotation System
("NASDAQ"), the current fair market value shall be the last reported sale price
of the Common Stock on such exchange or NASDAQ on the last business day prior to
the date of exercise of this Warrant or if no such sale is made on such day, the
mean of the closing bid and asked prices for such day on such exchange or
NASDAQ;

           4.2  If the Common Stock is not so listed or admitted to unlisted
trading privileges or quoted on NASDAQ, the current fair market value shall be
the mean of the last bid and asked prices reported on the last business day
prior to the date of the exercise of this Warrant (i) by NASDAQ, or (ii) if
reports are unavailable under clause (i) above, by the National Quotation Bureau
Incorporated; or

           4.3  If the Common Stock is not so listed or admitted to unlisted
trading privileges and bid and asked prices are not so reported, the current
fair market value shall be an amount, not less than book value, determined by
the mutual agreement of the Company's Board of Directors and the Holder in good
faith.

     5     No Rights as Shareholders. This Warrant shall not entitle the Holder
           -------------------------
to any rights as a shareholder of the Company, either at law or in equity. The
rights of the Holder are limited to those expressed in this Warrant and are not
enforceable against the Company except to the extent set forth herein.

     6     Adjustments in Number and Exercise Prices of Warrant Shares.
           -----------------------------------------------------------

           6.1  If the Company is recapitalized through the subdivision or
combination of its outstanding shares of Common Stock into a larger or smaller
number of shares, the number of shares of Common Stock for which this Warrant
may be exercised shall be increased or reduced, as of the record date for such
recapitalization in the same proportion as the increase or decrease in the
outstanding shares of Common Stock, and the exercise prices shall be adjusted
accordingly.

           6.2  Whenever the number of Warrant Shares or Exercise Price shall be
adjusted as required by the provisions of this Section 6, the Company forthwith
                                               ---------
shall file in the custody of its secretary or an assistant secretary, at its
principal office, an officer's certificate showing the adjusted number of
Warrant Shares and Exercise Price and setting forth in reasonable detail the
circumstances

                                       3
<PAGE>

requiring the adjustment. Each such officer's certificate shall be made
available at all reasonable times during reasonable hours for inspection by the
Holder.

     7     Transfer, Exercise, Exchange, Assignment or Loss of Warrant, Warrant
           --------------------------------------------------------------------
Shares or Other Securities.
--------------------------

           7.1  This Warrant and the Warrant Shares or any other securities
("Other Securities") received upon exercise of this Warrant shall be subject to
restrictions on transferability until registered under the Securities Act of
1933, as amended (the "Securities Act"), unless an exemption from registration
is available. Until this Warrant and the Warrant Shares or Other Securities are
so registered, this Warrant and any certificate for Warrant Shares or Other
Securities issued or issuable upon exercise of this Warrant shall contain a
legend on the face thereof, in form and substance satisfactory to counsel for
the Company, stating that this Warrant, the Warrant Shares or Other Securities
may not be sold, transferred or otherwise disposed of unless, in the opinion of
counsel satisfactory to the Company, which may be counsel to the Company, that
the Warrant, the Warrant Shares or Other Securities may be transferred without
such registration. This Warrant and the Warrant Shares or Other Securities may
also be subject to restrictions on transferability under applicable state
securities or blue sky laws.

           7.2  Until this Warrant, the Warrant Shares or Other Securities are
registered under the Securities Act, the Company may require, as a condition of
transfer of this Warrant, the Warrant Shares, or Other Securities that the
transferee (who may be the Holder in the case of an exercise or exchange)
represent that the securities being transferred are being acquired for
investment purposes and for the transferee's own account and not with a view to
or for sale in connection with any distribution of the security. The Company may
also require that transferee provide written information adequate to establish
that the transferee is an "accredited investor" within the meaning of Regulation
D issued under the Securities Act, a purchaser meeting the requirements of
Section 25102(f) of the Securities Law, or otherwise meets all qualifications
necessary to comply with exemptions to the Securities Act and Securities Laws,
all as determined by counsel to the Company.

           7.3  Any transfer permitted hereunder shall be made by surrender of
this Warrant to the Company at its principal office or to the Transfer Agent at
its offices with a duly executed request to transfer the Warrant, which shall
provide adequate information to effect such transfer and shall be accompanied by
funds sufficient to pay any transfer taxes applicable. Upon satisfaction of all
transfer conditions, the Company or Transfer Agent shall, without charge,
execute and deliver a new Warrant in the name of the transferee named in such
transfer request, and this Warrant promptly shall be cancelled.

           7.4  Upon receipt by the Company of evidence satisfactory to it of
loss, theft, destruction or mutilation of this Warrant and, in the case of loss,
theft or destruction, of reasonable satisfactory indemnification, or, in the
case of mutilation, upon surrender of this Warrant, the Company will execute and
deliver, or instruct the Transfer Agent to execute and deliver, a new Warrant of
like tenor and date, and any such lost, stolen or destroyed Warrant thereupon
shall become void.

           7.5  Each Holder of this Warrant, the Warrant Shares and any Other
Securities shall indemnify and hold harmless the Company, its directors and
officers, and each other person, if any, who controls the Company, against any
losses, claims, damages or liabilities, joint or several, to

                                       4
<PAGE>

which the Company or any such director, officer or any such person may become
subject under the Securities Act, Securities Law or any statute or common law,
to the extent that such losses, claims, damages or liabilities, or actions in
respect thereof, arise out of or are based upon the disposition by such Holder
of the Warrant, the Warrant Shares or Other Securities in violation of this
Warrant.

           7.6  The issuance of certificates for shares of Common Stock upon
exercise of this Warrant shall be made without charge to the Holder for any
issuance tax in respect thereof or other cost incurred by the Company in
connection with such exercise and the related issuance of shares of Common
Stock. Each share of Common Stock issuable upon exercise of this Warrant shall,
upon payment of the Exercise Price therefor, be fully paid and nonassessable and
free from all liens and charges with respect to the issuance thereof.

           7.7  Notwithstanding any other provision hereof, if an exercise of
any portion of this Warrant is to be made in connection with a registered public
offering or the sale of the Company, the exercise of any portion of this Warrant
may, at the election of the holder hereof, be conditioned upon the consummation
of the public offering or sale of the Company in which case such exercise shall
not be deemed to be effective until the consummation of such transaction.

     8     No Impairment. The Company will not, by amendment of its Certificate
           -------------
of Incorporation or otherwise, avoid or seek to avoid the observance or
performance of any of the terms of this Warrant, but will at all times, in good
faith, take all such action as may be necessary or appropriate in order to
protect the rights of the Holder against impairment.

     9     Notices.  All notices and other communications required or permitted
           -------
hereunder shall be in writing and shall be deemed effectively given upon
personal delivery or facsimile transmission to the party to be notified, or one
(1) day after deposit with a nationally recognized overnight delivery service,
all delivery charges paid, or three (3) days after deposit with the United
States mail, by registered or certified mail, postage prepaid, in any such case
addressed (a) if to Holder, at the address of Holder appearing on the records of
the Company, or at such other address as Holder shall have furnished to the
Company in writing in accordance with this Section 9, or (b) if to the Company,
                                           ---------
at its principal office set forth above, or any other address which the Company
shall have furnished to Holder in writing in accordance with this Section 9.
                                                                  ---------

     10    Amendment. Any provision of this Warrant may be amended or the
           ---------
observance thereof may be waived (either generally or in a particular instance
and either retroactively or prospectively), only with the written consent of the
Company and the Holder.

     11    Governing Law.  This Warrant shall be governed by and construed in
           -------------
accordance with the laws of the State of Delaware.

                                       5
<PAGE>

     IN WITNESS WHEREOF, the Company has executed this Warrant as of April 25,
2001.

                                      Interplay Entertainment Corp.

                                      By:  /s/ BRIAN FARGO
                                          _______________________________
                                          Brian Fargo
                                          Chief Executive Officer

                                       6
<PAGE>

                                                                         Annex A
                                                                         -------
                              [FORM OF EXERCISE]

                   (To be executed upon exercise of Warrant)

          The undersigned hereby irrevocably elects to exercise the right,
represented by this Warrant Certificate, to purchase ________ shares of Common
Stock and herewith tenders payment for such shares of Common Stock to the order
of __________________ the amount of $__________ in accordance with the terms
hereof.  The undersigned requests that a certificate for such shares of Common
Stock be registered in the name of _______________________________ whose address
is __________________________________.  If said number of shares of Common
Stock is less than all of the shares of Common Stock purchasable hereunder, the
undersigned requests that a new Warrant Certificate representing the remaining
balance of the shares of Common Stock be registered in the name of_____________
___________________________ whose address is_____________________________ and
that such Warrant Certificate be delivered to ________________________, whose
address is _________________________________.
Dated:

                              Signature:________________________________________
                              (Signature must conform in all respects to name of
                              holders as specified on the face of the Warrant
                              Certificate.)

_____________________________
(Insert Social Security or
Taxpayer Identification
Number of Holder.)<PAGE>

                                                                    EXHIBIT 10.5

                     FINANCIAL PUBLIC RELATIONS AGREEMENT
                     ------------------------------------

     THIS FINANCIAL PUBLIC RELATIONS AGREEMENT (this "Agreement") is entered
into on August 7, 2000 (the "Effective Date") by and between Interplay
Entertainment Corp. a Delaware Corporation ("Company") and Liolios Group, Inc.,
a California Corporation ("Consultant"), with reference to the following facts:

     A.  Consultant is experienced in, and has expertise in, the field of
financial public relations.

     B.  Company desires to engage Consultant to perform certain financial
public relations services for it, and Consultant desires, subject to the terms
and conditions of this Agreement, to perform financial public relations services
for Company.

     The parties therefore agree as follows:

     1     ENGAGEMENT OF CONSULTANT. Company hereby engages Consultant and
Consultant hereby agrees to hold itself available to render, and to render at
the request of the Company, independent advisory and consulting services for the
Company to the best of its ability, upon the terms and conditions hereinafter
set forth. Such consulting services shall include but not be limited to the
development, implementation and maintenance of an on-going stock market support
system that increases broker awareness of the Company's activities and
stimulates investor interest in the Company. The stock market support system
shall include but not be limited to a Shareholder Communication System, and
Media Relation Systems, which will be defined and developed by Consultant with
the approval of the Company. It is understood that Consultant's ability to
relate information regarding the Company's activities is directly proportionate
to information provided by the Company to the Consultant. Moreover, it is
understood that Consultant will not make representations regarding the Company
except for those approved by the Company in both content and form.

     2     TERM. The term of this Agreement shall begin as of the date hereof
and shall terminate on the first anniversary of the date of this Agreement,
unless extended upon mutual written Agreement of the Parties, or earlier
terminated.

     3     COMPENSATION. As compensation for the services rendered by the
Consultant under this Agreement, Company agrees to pay to Consultant the
following:

           3.1  Cash. The Company shall pay Consultant $60,000 annually, at a
                ----
rate of $5,000 per month in advance of each month. This is in addition to
reimbursement of reasonable out-of-pocket authorized expenses, subject to
customary supporting documentation, including but not limited to travel, press
releases, conference calls and fax broadcasts.

           3.2  Warrants. The Company shall grant Consultant a Warrant for the
                --------
purchase of 100,000 shares of Interplay's common stock, in the form attached
hereto as Exhibit "A".  "Cashless" exercise shall be provided for the Warrant,
meaning that upon each exercise of the Warrant, the exercise price shall be
payable, at the election of Consultant, in the form of a deduction of the
equivalent value of stock, valued at market value determined by the closing
<PAGE>

price in trading on the date of the exercise, that otherwise would have been
issued upon the exercise.

     4     INDEPENDENT CONTRACTOR. It is expressly agreed that the Consultant is
an independent contractor in performing its services hereunder. Company shall
carry no workmen's compensation insurance or any health or accident insurance to
cover Consultant. Company shall not pay any contributions to social security,
unemployment insurance, Federal or state withholding taxes nor provide any other
contributions or benefits which might expected in an employer-employee
relationship.

     5     NON-ASSIGNMENT. This Agreement is a personal one being entered into
in reliance upon and in consideration of the singular personal skills and
qualifications of Consultant. Consultant shall therefore not voluntarily or by
operation of law assign or otherwise transfer the obligations incurred on its
part pursuant to the terms of this Agreement without the prior written consent
of the Company. Any attempt at assignment to transfer by Consultant of its
obligation with out such consent shall be wholly void.

     6     REGISTRATION OF STOCK. The Company shall include the stock issuable
upon exercise of the Warrant referred to in Section 3.2 in its earliest
registration statement under the Securities Act of 1933 filed after January 1,
2001. Nothing contained herein, however, shall obligate the Company to act
contrary to its best interests in filing any registration statement, or in
including any particular stock in any registration statement. A determination by
the Company's Board of Directors shall be conclusive as to the Company's best
interests.

     7     TERM AND TERMINATION. This Agreement shall expire on the first
anniversary of the date of this Agreement. However, the Company may terminate
this Agreement at any time with 30 days' prior written notice to the Consultant;
provided, however, that any such early termination shall be effective no earlier
than six months after the date of this Agreement.

     8     REPRESENTATIONS AND WARRANTIES.

           8.1    Representations and Warranties of Consultant. In order to
                  --------------------------------------------
induce the Company to enter into this Agreement, Consultant hereby covenants
with, and represents and warrants to, the Company as follows:

           8.1.1  Organization, Standing, etc.  Consultant is a corporation duly
                  ---------------------------
organized, validly existing and in good standing under the laws of California,
and has all requisite corporate power and authority to enter into this
Agreement, and to carry out the provisions hereof and thereof.

           8.1.2  Corporate Acts and Proceedings; Binding.  All corporate acts
                  ---------------------------------------
and proceedings required for the authorization, execution and delivery of this
Agreement by Consultant, and the performance of this Agreement by Consultant,
have been lawfully and validly taken.  This Agreement constitutes the legal,
valid and binding obligations of Consultant and is enforceable against
Consultant in accordance with its terms, except as such enforcement is limited
by bankruptcy, insolvency and other similar laws affecting the enforcement of
creditors' rights generally.

                                      -2-
<PAGE>

           8.1.3  No Breach. The execution, delivery and performance by
                  ---------
Consultant of this Agreement will not violate or be in conflict with, result in
a breach of or constitute (with or without notice or lapse of time or both) a
default by Consultant under any other agreement.

           8.1.4  Compliance with Laws and Other Instruments.  The execution,
                  ------------------------------------------
delivery and performance by Consultant of this Agreement (a) will not require
any authorization, consent, approval, license, exemption of or filing or
registration with any court or governmental department, commission, board,
bureau, agency or instrumentality of government, except such as shall have
lawfully and validly obtained prior to the Closing, (b) will not cause
Consultant to violate or contravene (i) any provision of law, (ii) any rule or
regulation of any agency or government, domestic of foreign, (iii) any order,
writ, judgment, injunction, decree, determination or award binding upon
Consultant, or (iv) any provision of the charter documents of Consultant.

           8.1.5  Knowledge and Compliance with Securities Regulation.
                  ---------------------------------------------------
Consultant is an expert in the fields of finance and securities, and has
specialized and professional knowledge of the laws and regulations governing
those fields. Consultant and its employees and agents shall perform their duties
hereunder in compliance with all such laws and regulations.

     8.2   Representations and Warranties of the Company. In order to induce
           ---------------------------------------------
Consultant to enter into this Agreement, the Company hereby covenants with, and
represents and warrants to, the Company as follows:

           8.2.1  Organization, Standing, etc. The Company is a corporation duly
                  ---------------------------
organized, validly existing and in good standing under the laws of Delaware, and
has all requisite corporate power and authority to enter into this Agreement,
and to carry out the provisions hereof and thereof.

           8.2.2  Corporate Acts and Proceedings; Binding.  All corporate acts
                  ---------------------------------------
and proceedings required for the authorization, execution and delivery of this
Agreement by the Company, and the performance of this Agreement by the Company,
have been lawfully and validly taken.  This Agreement constitutes the legal,
valid and binding obligations of the Company and is enforceable against the
Company in accordance with its terms, except as such enforcement is limited by
bankruptcy, insolvency and other similar laws affecting the enforcement of
creditors' rights generally.

           8.2.3  No Breach.  The execution, delivery and performance by the
                  ---------
Company of this Agreement will not violate or be in conflict with, result in a
breach of or constitute (with or without notice or lapse of time or both) a
default by the Company under any other agreement.

           8.2.4  Compliance with Laws and Other Instruments.  The execution,
                  ------------------------------------------
delivery and performance by the Company of this Agreement (a) will not require
any authorization, consent, approval, license, exemption of or filing or
registration with any court or governmental department, commission, board,
bureau, agency or instrumentality of government,

                                      -3-
<PAGE>

except such as shall have lawfully and validly obtained prior to the Closing,
(b) will not cause the Company to violate or contravene (i) any provision of
law, (ii) any rule or regulation of any agency or government, domestic of
foreign, (iii) any order, writ, judgment, injunction, decree, determination or
award binding upon the Company, or (iv) any provision of the charter documents
of the Company.

     9     INDEMNIFICATION. Each party hereto (an "Indemnifying Party")
covenants and agrees to defend, indemnify and save and hold harmless the other
(the "Indemnified Party"), together with its officers, directors, shareholders,
employees, attorneys and representatives and each person who controls
Indemnified Party, from and against any loss, cost, expense, liability, claim or
legal damages (including, without limitation, reasonable fees and disbursements
of counsel and accountants and other costs and expenses incident to any actual
or threatened claim, suit, action or proceeding and all costs of investigation)
arising out of or resulting from any inaccuracy in or breach of, or failure to
perform or observe, any representation, warranty, covenant or agreement made by
the Indemnifying Party in this Agreement or in any writing delivered pursuant to
this Agreement.

     10    MISCELLANEOUS.

           10.1   Amendments and Modifications. No amendment or modification of
                  ----------------------------
this Agreement shall be valid unless made in a writing executed by all parties.

           10.2   Applicable Law. California law, without regard to conflicts or
                  --------------
choice of laws principles, shall govern the interpretation of this Agreement.

           10.3   Binding Effect. All provisions of this Agreement shall inure
                  --------------
to the benefit of, and be binding upon, the parties and their successors-in-
interest, permitted assigns, administrators, and devisees.

           10.4   Counterparts.  This Agreement may be executed in counterparts.
                  ------------

           10.5   Descriptive Headings. Descriptive headings in this Agreement
                  --------------------
are for convenience only and shall not control or affect the meaning or
construction of any provision of this Agreement.

           10.6   Entire Agreement. This Agreement constitutes the entire
                  ----------------
agreement among the parties with respect to the subject matter herein.

           10.7   Schedules and Exhibits Incorporated. Each of the schedules and
                  -----------------------------------
exhibits to this Agreement is incorporated herein by reference.

           10.8   Further Documents. Each party shall execute and deliver all
                  -----------------
such further instruments, documents and papers, and shall perform any and all
acts, necessary to give full force and effect to all the terms and provisions of
this Agreement.

           10.9   Interpretation. No uncertainty or ambiguity herein shall be
                  --------------
construed or resolved against any party, whether under any rule of construction
or otherwise. On the contrary, this Agreement has been negotiated by all parties
and shall be construed and interpreted

                                      -4-
<PAGE>

according to the ordinary meaning of the words used so as to fairly accomplish
the purposes and intentions of the parties.

           10.10  Legal Action. Should any litigation or arbitration occur
                  ------------
between the parties respecting or arising out of this Agreement, the prevailing
party shall be entitled to recover its reasonable attorneys' fees and other
costs in connection with such litigation, including reasonable attorneys' fees
incurred after a judgment has been rendered by a court of competent
jurisdiction. Any judgment shall include an attorneys' fees clause that shall
entitle the judgment creditor to recover attorneys' fees incurred to enforce a
judgment on this Agreement, which attorneys' fees shall be an element of post-
judgment costs; the parties agree that this attorneys' fee provision shall not
merge into any judgment.

           10.11  Limitations on Waiver.  No waiver by any party of any term or
                  ---------------------
condition of this Agreement shall be construed to be a waiver of such term or
condition in the future, or of any preceding or subsequent breach of the same or
any other term or condition of this or any other agreement, nor shall any such
waiver be binding unless written.  All remedies, rights, undertakings,
obligations and agreements contained in this Agreement shall be cumulative, and
none of them shall be in limitation of any other remedy, right, undertaking,
obligation or agreement of any party to this Agreement.

           10.12  No Assignments. Developer may not assign this Agreement, or
                  --------------
any part of this Agreement, without Interplay's prior written consent.

           10.13  No Partnership or Joint Venture. This Agreement does not
                  -------------------------------
create a partnership or joint venture between the parties, and shall not be
construed as doing so. This Agreement does not create any right by either party
to bind the other party.

           10.14  No Third Party Beneficiaries. No person other than the parties
                  ----------------------------
hereto and their permitted successors and assigns shall receive any benefits of
this Agreement.

           10.15  Notices.  All notices, statements and other documents that any
                  -------
party is required or desires to give to any other party shall be given in
writing and shall be served in person, by express mail, by certified mail, by
overnight delivery, or by facsimile at the respective addresses set forth below,
or at such other addresses as may be designated in writing by such party.

                     If to Interplay:

                                       Interplay Entertainment Corp.
                                       Attention:   Chief Executive Officer
                                       16815 Von Karman Avenue
                                       Irvine, California  92606
                                       Facsimile:  (949) 252-0667

                     If to Consultant:

                                       Liolios Group, Inc.
                                       Attention:  J. Scott Liolios
                                       2431 West Coast Hwy., #202
                                       Newport Beach, California  92663

                                      -5-
<PAGE>

                                       Facsimile:  (949) 574-3870

           Delivery shall be deemed conclusively made (i) at the time of
service, if personally served, (ii) five days after deposit in the United States
mail, properly addressed and postage prepaid, if delivered by express mail or
certified mail, (iii) upon confirmation of delivery by the private overnight
deliverer, if served by overnight delivery, and (iv) at the time of electronic
transmission (as confirmed in writing), provided a copy is mailed within 24
hours after such transmission.

           10.16  Severability. Any provision of this Agreement that is found by
                  ------------
a court of competent jurisdiction to be void, invalid or unenforceable shall be
curtailed and limited only to the extent necessary to bring such provision
within the requirements of the law, and such finding and curtailment shall not
affect the validity or enforceability of any other provision of this Agreement.

           10.17  Venue. The parties agree that all actions or proceedings
                  -----
arising directly or indirectly from this Agreement shall be arbitrated or
litigated before arbitrators or in courts having a situs within Orange County,
California and hereby consent to the jurisdiction of any local, state or federal
court in which such an action is commenced that is located in Orange County,
California. The parties agree not to disturb such choice of forum, waive the
personal service of any and all process upon them, and consent that all such
service of process may be made by certified or registered mail, return receipt
requested, addressed to the respective parties at the address set forth above.

                                      -6-
<PAGE>

     In witness whereof, the parties have executed this Agreement as of the date
first above written.

                                        "CONSULTANT"

                                        Liolios Group, Inc.

                                        By: /s/ J. SCOTT LIOLIOS
                                           ---------------------------------
                                           J. Scott Liolios
                                           President

                                        "COMPANY"

                                        Interplay Entertainment Corp.

                                        By: /s/ BRIAN FARGO
                                           ---------------------------------
                                           Brian Fargo
                                           Chief Executive Officer

                                      -7-
<PAGE>

                                  EXHIBIT "A"

                                    Warrant
                                    -------

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