Document:

<PAGE>   1
                                                                   EXHIBIT 10.11

                      THIRD AMENDMENT TO REAL ESTATE LEASE

         THIS AGREEMENT is entered into this 29th day of June , 2001, by and
between TIPPMANN PROPERTIES, INC., AS AGENT FOR LAURENCE TIPPMANN, SR. FAMILY
PARTNERSHIP (hereinafter referred to as "Lessor"), and TOWER FINANCIAL
CORPORATION (hereinafter referred to as "Lessee"), and WITNESSETH:
         WHEREAS, the parties hereto entered into a Real Estate Lease dated
January 1, 1999, amended on March 8, 1999, and August 12, 1999, currently
covering approximately 20,815 square feet of premises commonly known as 116 East
Berry Street, Suite 100, Fort Wayne, Indiana;
         AND WHEREAS, Lessee and Lessor are desirous of leasing approximately
twelve thousand six hundred forty (12,640) square feet of the remaining second
(2nd) floor office space, excluding the second (2nd) floor lobby;
         AND WHEREAS, Lessee and Lessor are desirous of extending the lease term
for an additional five (5) years so as to terminate on December 31, 2013;
         AND WHEREAS, Lessee shall have the First Right of Opportunity to lease
any contiguous space.
         NOW THEREFORE, in consideration of the premises and the mutual
covenants hereinafter set forth, the parties hereto agree as follows:

         1.       The Leased Premises shall be increased to reflect
                  approximately twelve thousand six hundred forty (12,640)
                  square feet of additional office space as depicted on the
                  attached Exhibit "A" for a total of 33,455 square feet.

         2.       The Lease Term shall be extended so as to terminate on
                  December 31, 2013.

         3.       Lessee shall have the First Right of Opportunity to lease any
                  available contiguous space, on five (5) business days notice
                  to Lessor, on terms and conditions as set forth in the Lease,
                  and for same per square foot rental rate that is then in
                  effect (subject to increase as provided herein).

                                       16
<PAGE>   2
         4.       The rent shall be amended as of October 1, 2001 based upon the
                  approximately 12,640 square feet of additional office space,
                  payable incrementally based on the existing rate structure as
                  follows:

                            TERM         TOTAL SQ. FT.           MONTHLY RENT
                           ------        -------------           ------------
                  10/1/01 - 01/31/02            25,028              $22,942.33
                  02/1/02 - 06/30/02            29,241              $26,804.25
                  07/1/02 - 12/31/02            33,455              $30,667.08
                  01/1/03 - 12/31/04            33,455              $34,151.98
                  01/1/05 - 12/31/06            33,455              $37,636.88
                  01/1/07 - 12/31/13            33,455              $41,121.77

         5.       Lessor shall contribute in the demolition of the existing
                  walls and doors per mutually agreeable plans and
                  specifications. Lessor shall also provide additional storage
                  space in the Lower Level at no additional cost as described on
                  Exhibit "B".

         6.       Except as hereby amended, all other terms and conditions
                  contained in the original Real Estate Lease are hereby
                  reaffirmed and left unchanged by the terms of this Third
                  Amendment.

IN WITNESS WHEREOF, the parties hereto have duly executed this Third Amendment
on the day and year first above written.

TIPPMANN PROPERTIES INC., as
agent for Laurence Tippmann, Sr.                   TOWER FINANCIAL CORPORATION
Family Partnership                                 ----------------------------
---------------------------
        ("Lessor")                                          ("Lessee")

BY:   /s/ Charles E. Tippmann                    BY:   /s/ Kevin J. Himmelhaver
   ---------------------------                      ---------------------------

PRINTED:  Charles E. Tippmann                    PRINTED: Kevin J. Himmelhaver
        ----------------------                            ---------------------

                                       17<PAGE>   1
                                  EXHIBIT 10.33

                              FORBEARANCE AGREEMENT

     THIS FORBEARANCE AGREEMENT, dated as of June 19, 2001, by and among CURIOUS
PICTURES CORPORATION, a New York corporation, CHELSEA PICTURES, INC., a
Massachusetts corporation, and THE END, INC., a California corporation
(collectively, the "Borrowers" and each a "Borrower") and GENERAL ELECTRIC
CAPITAL CORPORATION, a New York corporation ("Lender").

                              W I T N E S S E T H:
                              --------------------

     WHEREAS, Lender and Borrowers have entered into certain financing
arrangements pursuant to the Loan and Security Agreement, dated as of July 31,
2000 by and among Lender and Borrowers (and as amended hereby, and as the same
may have heretofore been or may hereafter be further amended, modified,
supplemented, extended, renewed, restated or replaced, the "Loan Agreement", and
together with all agreements, documents and instruments at any time executed or
delivered in connection therewith or related thereto, collectively, the
"Financing Agreements"); and

     WHEREAS, as of the date hereof, Borrowers are in default under the
Financing Agreements as more particularly described below; and

     WHEREAS, the circumstances described herein constitute multiple Events of
Default under the Loan Agreement and the other Financing Agreements; and

     WHEREAS, Borrowers have requested that Lender forbear from exercising its
rights as a result of such Events of Default, which are continuing, and that
Lender provide further Revolving Credit Advances and other financial
accommodations to Borrower notwithstanding such Events of Default; and

     WHEREAS, Lender is willing to agree to forbear from exercising certain of
its rights and remedies and provide certain further Revolving Credit Advances or
other financial accommodations to Borrowers for the period and on the terms and
conditions specified herein in order to enable Borrowers to be sold and the
Revolving Credit Loans paid in full and the financial accommodations provided
under the Loan Agreement to be terminated;

     NOW, THEREFORE, in consideration of the foregoing, and the respective
agreements, warranties and covenants contained herein, the parties hereto agree,
covenant and warrant as follows:

<PAGE>   2

SECTION 1. DEFINITIONS

     1.1 Interpretation. All capitalized terms used herein (including the
recitals hereto) shall have the respective meanings assigned thereto in the Loan
Agreement unless otherwise defined herein.

     1.2 Additional Definitions. As used herein, the following terms shall have
the respective meanings given to them below and the Loan Agreement is hereby
amended to include, in addition and not in limitation, each of the following
definitions:

         (a) "Existing Defaults" shall mean the Events of Default that have
occurred through the date hereof as more particularly identified on
Exhibit A hereto.

         (b) "Forbearance Period" shall have the meaning set forth in
Section 3.2(a) hereof.

SECTION 2. ACKNOWLEDGMENT

     2.1 Acknowledgment of Obligations. Each Borrower hereby acknowledges,
confirms and agrees that as of the close of business on June 19, 2001, Borrowers
are indebted to Lender in respect of the Revolving Credit Loan in the principal
amount of $357,588.64. All of the Loans, together with interest accrued and
accruing thereon, and fees, costs, expenses and other charges now or hereafter
payable by Borrowers to Lender, are unconditionally owing by Borrowers to
Lender, without offset, defense or counterclaim of any kind, nature or
description whatsoever.

     2.2 Acknowledgment of Security Interests. Each Borrower hereby
acknowledges, confirms and agrees that Lender has and shall continue to have
valid, enforceable and perfected first-priority liens upon and security
interests in the Collateral heretofore granted to Lender pursuant to the
Financing Agreements or otherwise granted to or held by Lender.

     2.3 Binding Effect of Documents. Each Borrower here by acknowledges,
confirms and agrees that: (a) each of the Financing Agreements to which it is a
party has been duly executed and delivered to Lender by such Borrower, and each
such Financing Agreement is in full force and effect as of the date hereof, (b)
the agreements and obligations of such Borrower contained in such documents and
in this Agreement constitute the legal, valid and binding Obligations of such
Borrower, enforceable against it in accordance with their respective terms, and
such Borrower has no valid defense to the enforcement of such Obligations, and
(c) Lender is and shall be entitled to the rights, remedies and benefits
provided for in the Financing Agreements and applicable law.

SECTION 3. FORBEARANCE IN RESPECT OF CERTAIN EVENTS OF DEFAULT

     3.1 Acknowledgment of Default. Each Borrower hereby acknowledges and agrees
that the Existing Defaults have occurred and are continuing, each of which
constitutes an Event of Default and entitles Lender to exercise its rights and
remedies under the Financing Agreements, applicable law or otherwise. Each
Borrower further represents and warrants that as of the date

                                       2
<PAGE>   3

hereof no other Events of Default under the Financing Agreements exist. Lender
has not waived, presently does not intend to waive and may never waive such
Existing Defaults and nothing contained herein or the transactions contemplated
hereby shall be deemed to constitute any such waiver. Each Borrower hereby
acknowledges and agrees that Lender has the presently exercisable right to
declare the Obligations to be immediately due and payable under the terms of the
Financing Agreements.

     3.2 Forbearance.

         (a) In reliance upon the representations, warranties and covenants of
Borrowers contained in this Agreement, and subject to the terms and conditions
of this Agreement and any documents or instruments executed in connection
herewith, Lender agrees to forbear from exercising its rights and remedies under
the Financing Agreements or applicable law in respect of or arising out of the
Existing Defaults, subject to the conditions, amendments and modifications
contained herein for the period (the "Forbearance Period") commencing on the
date hereof and ending on the earlier of (i) September 30, 2001, or (ii) the
occurrence or existence of any Event of Default, other than the Existing
Defaults.

         (b) Upon the termination of the Forbearance Period, the agreement of
Lender to forbear shall automatically and without further action terminate and
be of no force and effect, it being expressly agreed that the effect of such
termination will be to permit Lender to exercise such rights and remedies
immediately, including, but not limited to, (i) ceasing to make any further
Loans and (ii) the acceleration of all of the Obligations, in either case
without any further notice, passage of time or forbearance of any kind.

     3.3 No Other Waivers; Reservation of Rights.

         (a) Lender has not waived, is not by this Agreement waiving, and has no
intention of waiving, any Event of Default which may be continuing on the date
hereof or any Event of Default which may occur after the date hereof (whether
the same or similar to the Existing Defaults or otherwise), and Lender has not
agreed to forbear with respect to any of its rights or remedies concerning any
Event of Default (other than, during the Forbearance Period, the Existing
Defaults to the extent expressly set forth herein), which may have occurred or
are continuing as of the date hereof or which may occur after the date hereof.

         (b) Subject to Section 3.2 above (solely with respect to the existing
Events of Default), Lender reserves the right, in its discretion, to exercise
any or all of its rights and remedies under the Loan Agreement and the other
Financing Agreements as a result of any Event of Default which may be continuing
on the date hereof or any Event of Default which may occur after the date
hereof, and Lender has not waived any of such rights or remedies, and nothing in
this Agreement, and no delay on its part in exercising any such rights or
remedies, should be construed as a waiver of any such rights or remedies.

                                       3

<PAGE>   4

SECTION 4. AMENDMENTS AND SUPPLEMENTARY PROVISIONS

     4.1 Prepayment Fee. Paragraph 4 of Schedule E of the Loan Agreement is
hereby amended to provide that the Prepayment Fee payable thereunder on the
Commitment Termination Date shall be equal to (i) 2% of each Borrower's Maximum
Amount for a termination, as provided therein, on or before the second
anniversary of the Closing Date, and (ii) 1% of each Borrower's Maximum Amount
for such a termination after the second anniversary of the Closing Date and on
or before the Stated Expiry Date. Except as specifically provided above, all of
the provisions of Schedule E of the Loan Agreement shall remain in full force
and effect.

     4.2 Advances to WebADTV. Lender hereby (i) waives the breach of Section
5(c) of the Loan Agreement, and the resulting Event of Default under Section
7.1(b) of the Loan Agreement, arising out of advances by Parent to its
Subsidiary, webADTV.com, Inc., during May and June 2001, in the aggregate,
approximate principal amount of $270,000, and (ii) consents to additional
advances by Parent to such Subsidiary of up to $60,000. Except as specifically
provided above, all of the prohibitions and limitations on the making of
investments and loans, and the incurrence of indebtedness set forth in the Loan
Agreement shall remain in full force and effect.

     4.3 Interest Rate. Without in any way limiting the rights and remedies of
Lender set forth in this Agreement or under the other Financing Agreements, from
and after May 1, 2001, and so long as any of the Existing Defaults is
continuing, or if any other Event of Default occurs and is continuing, Lender
shall charge interest at the Default Rate with respect to the Revolving Credit
Loan, as provided in the Loan Agreement.

SECTION 5. REPRESENTATIONS, WARRANTIES AND COVENANTS

     Each Borrower hereby represents, warrants and covenants with and to Lender
as follows:

     5.1 Representations in Financing Agreements. Each of the representations
and warranties made by or on behalf of Borrowers to Lender in any of the
Financing Agreements was true and correct when made and in all material respects
is, except for the representation and warranty set forth in the Loan Agreement
relating to the non-existence of an Event of Default, true and correct on and as
of the date of this Agreement with the same full force and effect as if each of
such representations and warranties had been made by Borrowers on the date
hereof and in this Agreement.

     5.2 Binding Effect of Documents. This Agreement and the other Financing
Agreements have been duly executed and delivered to the Lender by each Borrower
and are in full force and effect, as modified hereby.

     5.3 No Conflict, Etc. The execution and delivery and performance of this
Agreement by Borrowers will not violate any Requirement of Law or Contractual
Obligation of any Borrower and will not result in, or require, the creation or
imposition of any Lien on any of its properties or revenues.

                                       4
<PAGE>   5

     5.4 Additional Events of Default. The parties hereto acknowledge, confirm
and agree that any misrepresentation by any Borrower, or any failure of any
Borrower to comply with the covenants, conditions and agreements contained in
any Financing Agreement, herein or in any other agreement, document or
instrument at any time executed or delivered by any Borrower with, to or in
favor of Lender shall constitute an Event of Default hereunder, under the Loan
Agreement and the other Financing Agreements. In the event any Person, other
than Lender, shall at any time exercise for any reason (including by reason of
any Existing Default, any other present or future Event of Default, or
otherwise) any of its rights or remedies against any Borrower or any obligor
providing credit support for such Borrower's obligations to such other Person,
or against such Borrower's or such obligor's properties or assets, such event
shall constitute an Event of Default hereunder.

SECTION 6. CONDITIONS TO EFFECTIVENESS OF CERTAIN PROVISIONS OF THIS AGREEMENT

     The effectiveness of the terms and provisions of Section 3.2 of this
Agreement shall be subject to the receipt by Lender of an original of this
Agreement, duly authorized, executed and delivered by Borrower.

SECTION 7. PROVISIONS OF GENERAL APPLICATION

     7.1 Effect of this Agreement. Except as modified pursuant hereto, no other
changes or modifications to the Financing Agreements are intended or implied and
in all other respects the Financing Agreements are hereby specifically ratified,
restated and confirmed by all parties hereto as of the effective date hereof. To
the extent of conflict between the terms of this Agreement and the other
Financing Agreements, the terms of this Agreement shall control. The Loan
Agreement and this Agreement shall be read and construed as one agreement.

     7.2 Costs and Expenses. Each Borrower absolutely and unconditionally agrees
to pay to Lender, on demand by Lender at any time and as often as Lender may
require, whether or not all or any of the transactions contemplated by this
Agreement are consummated: all fees and disbursements of any counsel to Lender
in connection with the preparation, negotiation, execution, or delivery of this
Agreement and any agreements delivered in connection with the transactions
contemplated hereby and expenses which shall at any time be incurred or
sustained by Lender or any participant of Lender or any of their respective
directors, officers, employees or agents as a consequence of or in any way in
connection with the preparation, negotiation, execution, or delivery of this
Agreement and any agreements prepared, negotiated, executed or delivered in
connection with the transactions contemplated hereby.

     7.3 Further Assurances. The parties hereto shall execute and deliver such
additional documents and take such additional action as may be necessary or
desirable to effectuate the provisions and purposes of this Agreement.

     7.4 Binding Effect. This Agreement shall be binding upon and inure to the
benefit of each of the parties hereto and their respective successors and
assigns.

                                       5

<PAGE>   6
     7.5 Survival of Representations and Warranties. All representations and
warranties made in this Agreement or any other document furnished in connection
with this Agreement shall survive the execution and delivery of this Agreement
and the other documents, and no investigation by Lender or any closing shall
affect the representations and warranties or the right of Lender to rely upon
them.

     7.6 Release.

         (a) In consideration of the agreements of Lender contained herein and
for other good and valuable consideration, the receipt and sufficiency of which
is hereby acknowledged, each Borrower, on behalf of itself and its successors,
assigns, and other legal representatives, hereby absolutely, unconditionally and
irrevocably releases, remises and forever discharges the Lender, and its
successors and assigns, and its present and former shareholders, affiliates,
subsidiaries, divisions, predecessors, directors, officers, attorneys,
employees, agents and other representatives (the Lender and all such other
Persons being hereinafter referred to collectively as the "Releasees" and
individually as a "Releasee"), of and from all demands, actions, causes of
action, suits, covenants, contracts, controversies, agreements, promises, sums
of money, accounts, bills, reckonings, damages and any and all other claims,
counterclaims, defenses, rights of set-off, demands and liabilities whatsoever
(individually, a "Claim" and collectively, "Claims") of every name and nature,
known or unknown, suspected or unsuspected, both at law and in equity, which
such Borrower or any of its successors, assigns, or other legal representatives
may now or hereafter own, hold, have or claim to have against the Releasees or
any of them for, upon, or by reason of any circumstance, action, cause or thing
whatsoever which arises at any time on or prior to the day and date of this
Agreement, including, without limitation, for or on account of, or in relation
to, or in any way in connection with any of the Loan Agreement, or any of the
other Financing Agreements or transactions thereunder or related thereto.

         (b) Each Borrower understands, acknowledges and agrees that the release
set forth above may be pleaded as a full and complete defense and may be used as
a basis for an injunction against any action, suit or other proceeding which may
be instituted, prosecuted or attempted in breach of the provisions of such
release.

         (c) Each Borrower agrees that no fact, event, circumstance, evidence or
transaction which could now be asserted or which may hereafter be discovered
shall affect in any manner the final, absolute and unconditional nature of the
release set forth above.

         (d) Each Borrower acknowledges that it is familiar with, and has been
advised by its counsel concerning, the provisions of Section 1542 of the
California Civil Code, which provides as follows:

     A general release does not extend to claims which the creditor does not
know or suspect to exist in his favor at the time of executing the release,
which if known by him must have materially affected his settlement with the
debtor.

                                       6

<PAGE>   7

Each Borrower expressly waives any and all rights under Section 1542 of the
California Civil Code, and under any federal or state statute or law of similar
effect.

     7.7 Covenant Not to Sue. Each Borrower, on behalf of itself and its
successors, assigns, and other legal representatives, hereby absolutely,
unconditionally and irrevocably, covenants and agrees with and in favor of each
Releasee that it will not sue (at law, in equity, in any regulatory proceeding
or otherwise) any Releasee on the basis of any Claim released, remised and
discharged by such Borrower pursuant to Section 7.6 above. If any Borrower or
any of its successors, assigns or other legal representations violates the
foregoing covenant, such Borrower, for itself and its successors, assigns and
legal representatives, agrees to pay, in addition to such other damages as any
Releasee may sustain as a result of such violation, all attorneys' fees and
costs incurred by any Releasee as a result of such violation.

     7.8 Severability. Any provision of this Agreement held by a court of
competent jurisdiction to be invalid or unenforceable shall not impair or
invalidate the remainder of this Agreement.

     7.9 Reviewed by Attorneys. Each Borrower represents and warrants to Lender
that such Borrower (a) understands fully the terms of this Agreement and the
consequences of the execution and delivery of this Agreement, (b) has been
afforded an opportunity to have this Agreement reviewed by, and to discuss this
Agreement and document executed in connection herewith with, such attorneys and
other persons as such Borrower may wish, and (c) has entered into this Agreement
and executed and delivered all documents in connection herewith of its own free
will and accord and without threat, duress or other coercion of any kind by any
Person. The parties hereto acknowledge and agree that neither this Agreement nor
the other documents executed pursuant hereto shall be construed more favorably
in favor of one than the other based upon which party drafted the same, it being
acknowledged that all parties hereto contributed substantially to the
negotiation and preparation of this Agreement and the other documents executed
pursuant hereto or in connection herewith.

     7.10 Governing Law: Consent to Jurisdiction and Venue. EXCEPT AS OTHERWISE
EXPRESSLY PROVIDED IN ANY OF THE FINANCING AGREEMENTS, IN ALL RESPECTS,
INCLUDING ALL MATTERS OF CONSTRUCTION, VALIDITY AND PERFORMANCE, THIS AGREEMENT
AND THE OTHER FINANCING AGREEMENTS AND THE OBLIGATIONS ARISING UNDER THE
FINANCING AGREEMENTS SHALL BE GOVERNED BY, AND CONSTRUED AND ENFORCED IN
ACCORDANCE WITH, THE LAWS OF THE STATE OF CALIFORNIA APPLICABLE TO CONTRACTS
MADE AND PERFORMED IN SUCH STATE, WITHOUT REGARD TO THE PRINCIPLES THEREOF
REGARDING CONFLICTS OF LAWS, AND ANY APPLICABLE LAWS OF THE UNITED STATES OF
AMERICA. EACH BORROWER HEREBY CONSENTS AND AGREES THAT THE STATE OR FEDERAL
COURTS LOCATED IN CALIFORNIA SHALL HAVE EXCLUSIVE JURISDICTION TO HEAR AND
DETERMINE ANY CLAIMS OR DISPUTES BETWEEN BORROWER AND LENDER PERTAINING TO THIS
AGREEMENT OR ANY OF THE OTHER FINANCING AGREEMENTS OR TO ANY MATTER ARISING OUT
OF OR RELATED TO THIS AGREEMENT OR ANY OF THE OTHER FINANCING AGREEMENTS;

                                       7

<PAGE>   8
PROVIDED, THAT LENDER AND EACH BORROWER ACKNOWLEDGE THAT ANY APPEALS FROM THOSE
COURTS MAY HAVE TO BE HEARD BY A COURT LOCATED OUTSIDE OF CALIFORNIA; AND
FURTHER PROVIDED, THAT NOTHING IN THIS AGREEMENT SHALL BE DEEMED OR OPERATE TO
PRECLUDE LENDER FROM BRINGING SUIT OR TAKING OTHER LEGAL ACTION IN ANY OTHER
JURISDICTION TO COLLECT THE OBLIGATIONS, TO REALIZE ON THE COLLATERAL OR ANY
OTHER SECURITY FOR THE OBLIGATIONS, OR TO ENFORCE A JUDGMENT OR OTHER COURT
ORDER IN FAVOR OF LENDER. BORROWER EXPRESSLY SUBMITS AND CONSENTS IN ADVANCE TO
SUCH JURISDICTION IN ANY ACTION OR SUIT COMMENCED IN ANY SUCH COURT, AND EACH
BORROWER HEREBY WAIVES ANY OBJECTION WHICH IT MAY HAVE BASED UPON LACK OF
PERSONAL JURISDICTION, IMPROPER VENUE OR FORUM NON CONVENIENS AND HEREBY
CONSENTS TO THE GRANTING OF SUCH LEGAL OR EQUITABLE RELIEF AS IS DEEMED
APPROPRIATE BY SUCH COURT. EACH BORROWER HEREBY WAIVES PERSONAL SERVICE OF THE
SUMMONS, COMPLAINT AND OTHER PROCESS ISSUED IN ANY SUCH ACTION OR SUIT AND
AGREES THAT SERVICE OF SUCH SUMMONS, COMPLAINTS AND OTHER PROCESS MAY BE MADE BY
REGISTERED OR CERTIFIED MAIL ADDRESSED TO SUCH BORROWER AT THE ADDRESS SET FORTH
IN SCHEDULE B OF THE LOAN AGREEMENT AND THAT SERVICE SO MADE SHALL BE DEEMED
COMPLETED UPON THE EARLIER OF BORROWER'S ACTUAL RECEIPT THEREOF OR THREE (3)
DAYS AFTER DEPOSIT IN THE U.S. MAILS, PROPER POSTAGE PREPAID

     7.11 Mutual Waiver of Jury Trial. BECAUSE DISPUTES ARISING IN CONNECTION
WITH COMPLEX FINANCIAL TRANSACTIONS ARE MOST QUICKLY AND ECONOMICALLY RESOLVED
BY AN EXPERIENCED AND EXPERT PERSON AND THE PARTIES WISH APPLICABLE STATE AND
FEDERAL LAWS TO APPLY (RATHER THAN ARBITRATION RULES), THE PARTIES DESIRE THAT
THEIR DISPUTES BE RESOLVED BY A JUDGE APPLYING SUCH APPLICABLE LAWS. THEREFORE,
TO ACHIEVE THE BEST COMBINATION OF THE BENEFITS OF THE JUDICIAL SYSTEM AND OF
ARBITRATION, THE PARTIES HERETO WAIVE ALL RIGHTS TO TRIAL BY JURY IN ANY ACTION,
SUIT, OR PROCEEDING BROUGHT TO RESOLVE ANY DISPUTE, WHETHER ARISING IN CONTRACT,
TORT, OR OTHERWISE BETWEEN OR AMONG LENDER AND ANY BORROWER OR BORROWERS ARISING
OUT OF, CONNECTED WITH, RELATED OR INCIDENTAL TO THE RELATIONSHIP ESTABLISHED
BETWEEN OR AMONG THEM IN CONNECTION WITH THIS AGREEMENT OR ANY OF THE OTHER
FINANCING AGREEMENTS OR THE TRANSACTIONS RELATED THERETO.

     7.12 Counterparts. This Agreement may be executed in any number of
counterparts, but all of such counterparts shall together constitute but one and
the same agreement.

                                       8

<PAGE>   9

     IN WITNESS WHEREOF, this Agreement is executed and delivered as of the day
and year first above written.

          BORROWERS:                CURIOUS PICTURES CORPORATION
                                    CHELSEA PICTURES, INC.
                                    THE END, INC.

                                    By:
                                    Name:
                                    Title:
                                           -------------------------------------

          LENDER:                   GENERAL ELECTRIC CAPITAL
                                    CORPORATION

                                    By:
                                        ----------------------------------------
                                    Name:
                                          --------------------------------------
                                    Title: Duly Authorized Signatory

ACKNOWLEDGMENT OF CREDIT PARTIES AND GUARANTORS

     Each of the undersigned Credit Parties and guarantors hereby acknowledges
the execution, delivery and performance of the foregoing Forbearance Agreement
and confirms each and every one of its continuing obligations under its
guarantee of the Obligations after giving effect to the foregoing Forbearance
Agreement.

                                    iNTELEFILM CORPORATION
                                    DCODE, INC.
                                    HARMONY HOLDINGS, INC.
                                    FURIOUS PICTURES CORPORATION
                                    DELIRIOUS PICTURES CORPORATION
                                    THE BEGINNING ENTERTAINMENT, INC.
                                    UNSCENTED, INC.
                                    GIGANTIC ENTERTAINMENT, INC.
                                    THE MOMENT FILMS, INC.

                                    By:
                                        ----------------------------------------
                                    Name:  Christopher T. Dahl
                                    Title: Chief Operating Officer iNTELEFILM
                                           CORPORATION
                                           Chief Operating Officer DCODE, INC.
                                           Chief Operating Officer HARMONY
                                           HOLDINGS, INC.
                                           Chief Operating Officer FURIOUS
                                           PICTURES CORPORATION

                                       9

<PAGE>   10
                                         Chief Operating Officer DELIRIOUS
                                         PICTURES CORPORATION
                                         Chief Operating Officer THE BEGINNING
                                         ENTERTAINMENT, INC.
                                         Chief Operating Officer UNSCENTED, INC.
                                         Chief Operating Officer GIGANTIC
                                         ENTERTAINMENT, INC.
                                         Chief Operating Officer THE MOMENT
                                         FILMS, INC.

                                    WEBADTV.COM, INC.

                                    By:
                                        ----------------------------------------
                                    Name:  Christopher T. Dahl
                                    Title: Chief Executive Officer WEBADTV.COM,
                                           INC.

                                       10

<PAGE>   11

EXHIBIT A
to
FORBEARANCE AGREEMENT

                                Existing Defaults

     1. Parent and its Subsidiaries have failed to achieve the minimum EBITDA
for the period ending on December 31, 2000, as required under paragraph 1 of
Schedule G of the Loan Agreement, which failure constitutes an Event of Default
under Section 7.1(b) of the Loan Agreement.

     2. Parent has failed to maintain the minimum Tangible Net Worth of Parent
and its Subsidiaries as of the end of the Fiscal Quarters ending December 31,
2000 and March 31, 2001, respectively, as required under paragraph 2 of Schedule
G of the Loan Agreement, each of which failures constitutes an Event of Default
under Section 7.1(b) of the Loan Agreement.

     3. Parent and its Subsidiaries have failed to finance at least 70% of their
aggregate capital expenditures in any Fiscal Year through the incurrence of
Indebtedness (other than the Revolving Credit Loan), as required under paragraph
3 of Schedule G of the Loan Agreement, which failure constitutes an Event of
Default under Section 7.1(b) of the Loan Agreement.

     4. Parent has converted to equity a loan in the approximate principal
amount of $2,600,000 to its Subsidiary, WebADTV, in breach of Section 5(c) of
the Loan Agreement, which breach constitutes an Event of Default under Section
7.1(b) of the Loan Agreement.

     5. A judgment has been entered in California against Parent and in favor of
Imperial Bank in the amount of $275,000 plus attorneys fees (which attorneys
fees are estimated at $75,000), which judgment constitutes breaches of Sections
3.10 and 3.12 of the Loan Agreement, and each of which breaches constitutes an
Event of Default under Section 7.1(b) of the Loan Agreement.

                                       11

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00028-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00028-of-00352.parquet"}]]