Document:

Exhibit 4.4

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

                                  TISSERA, INC.

                          COMMON STOCK PURCHASE WARRANT

                                                                  270,540 shares

                       Original Issue Date: ________, 2004

         THIS CERTIFIES THAT, FOR VALUE RECEIVED, Meir Segev or its registered
assigns ("HOLDER") is entitled to purchase, on the terms and conditions
hereinafter set forth, at any time or from time to time from the date hereof
until 5:00 p.m., Eastern Time, on the three (3) year anniversary of the Original
Issue Date set forth above, or if such date is not a day on which the Company
(as hereinafter defined) is open for business, then the next succeeding day on
which the Company is open for business (such date is the "EXPIRATION DATE"), but
not thereafter, to purchase up to two hundred seventy thousand five hundred
forty (270,540) shares of the Common Stock, par value $.0001 per share, (the
"COMMON STOCK"), of TISSERA, INC., a Washington corporation (the "Company"), at
$1.00 per share (the "EXERCISE PRICE"), provided, however, that this warrant
shall vest at the rate of 22,545 shares of common stock every three months
during the term of this warrant. Such number of shares and Exercise Price being
subject to adjustment upon the occurrence of the contingencies set forth in this
Warrant. Each share of Common Stock as to which this Warrant is exercisable is a
"WARRANT SHARE" and all such shares are collectively referred to as the "WARRANT
SHARES."

     SECTION 1. EXERCISE OF WARRANT.

         (a) This Warrant may, at the option of Holder, be exercised in whole or
in part from time to time, by delivery to the Company at its office at Tissera,
Inc., c/o Abramovich, Yosef, Hakim, Toyota Towers, 65 Yigal Alon St., Tel Aviv
67443 Israel Attention: Chief Executive Officer, on or before 5:00 p.m., Eastern
Time (i) a written notice of such Holder's election to exercise this Warrant
(the "EXERCISE NOTICE"), which notice may be in the form of the Notice of
Exercise attached hereto, properly executed and completed by Holder or an
authorized officer thereof, (ii) a check payable to the order of the Company, in
an amount equal to the product of the Exercise Price MULTIPLIED BY the number of
Warrant Shares specified in the Exercise Notice, AND (iii) this Warrant (the
items specified in (i), (ii), and (iii) are collectively the "EXERCISE
MATERIALS").

         (b) As promptly as practicable, and in any event within two (2)
business days after its receipt of the Exercise Materials, the Company shall
execute or cause to be executed and delivered to Holder a certificate or
certificates representing the number of Warrant Shares specified in the Exercise
Notice, together with cash in lieu of any fraction of a share, and if this
Warrant is partially exercised, a new warrant on the same terms for the
unexercised balance of the Warrant Shares. The stock certificate or certificates
shall be registered in the name of Holder or such other name or names as shall
be designated in the Exercise Notice. The date on which the Warrant shall be
deemed to have been exercised (the "EFFECTIVE DATE"), and the date the person in
whose name any certificate evidencing the Common Stock issued upon the exercise
hereof is issued shall be deemed to have become the holder of record of such
shares, shall be the date the Company receives the Exercise Materials,
irrespective of the date of delivery of a certificate or certificates evidencing
the Common Stock issued upon the exercise hereof, PROVIDED, HOWEVER, that if the
Exercise Materials are received by the Company on a date on which the stock
transfer books of the Company are closed, the Effective Date shall be the next
succeeding date on which the stock transfer books are open. All shares of Common
Stock issued upon the exercise of this Warrant will, upon issuance, be fully
paid and non-assessable and free from all taxes, liens, and charges with respect
thereto.

<PAGE>

     SECTION 2. ADJUSTMENTS TO WARRANT SHARES. The number of Warrant Shares
issuable upon the exercise hereof shall be subject to adjustment as follows:

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

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

<PAGE>

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

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

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

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

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

     SECTION 3. NO STOCKHOLDER RIGHTS. This Warrant shall not entitle Holder
hereof to any voting rights or other rights as a stockholder of the Company.

     SECTION 4. TRANSFER OF SECURITIES.

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

<PAGE>

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

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

     SECTION 5. MISCELLANEOUS.

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

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

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

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

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

                  If to Company:              Tissera, Inc.
                                              c/o Abramovich, Yosef, Hakim
                                              Toyota Towers
                                              65 Yigal Alon St.
                                              Tel Aviv 67443 Israel
                                              Attention: Chief Executive Officer
                                              Facsimile:  _________________

<PAGE>

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

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

                       [Signatures on the following page]

<PAGE>

                                 SIGNATURE PAGE
                                       TO
                                     COMPANY
                          COMMON STOCK PURCHASE WARRANT

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

                                            TISSERA, INC.

                                            By:
                                                --------------------------------
                                                Name: Vicki Rabenou
                                                Title: Chief Executive Officer

<PAGE>

                                   ASSIGNMENT

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

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

         Holder:

         ______________________________

         ______________________________

         Address

         Dated: __________________, ___

         In the presence of:

         ______________________________

<PAGE>

                                 EXERCISE NOTICE

         [To be signed only upon exercise of Warrant]

To:      TISSERA, INC.

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

         The Holder herewith delivers to TISSERA, INC., a check in the amount of
$______ representing the Exercise Price for such shares.

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

If electronic book entry transfer, complete the following:

         Account Number:
                           -----------------------------------

         Transaction Code Number:
                                   ---------------------------

Dated: ___________________

                                                    Holder:

                                                    ----------------------------

                                                    ----------------------------

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

                                     NOTICE

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

<PAGE>

                             COMPANY ACKNOWLEDGEMENT
                                       TO
                                 EXERCISE NOTICE

ACKNOWLEDGED AND AGREED:

TISSERA, INC.

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

Date:EXHIBIT 10.6

                             SECURED NON-NEGOTIABLE
                                 PROMISSORY NOTE
$200,000                                                 DATE: FEBRUARY 3, 2004

                                                      MATURES: FEBRUARY 3, 2006

FOR VALUE RECEIVED, American Vantage Media Corporation, a Nevada corporation, as
maker,  having its principal  offices at 4735 S. Durango  Drive,  Suite 105, Las
Vegas, Nevada 89147 (the "Payor"), hereby unconditionally promises to pay to the
order of Al Cattabiani,  an individual whose address is 27 Summit Terrace, Dobbs
Ferry, New York 10522 as payee, (the "Payee") at 27 Summit Terrace, Dobbs Ferry,
New York 10522 or at such other place as the holder hereof may from time to time
designate  in  writing,  the  principal  sum of  Two  Hundred  Thousand  Dollars
($200,000) in lawful money of the United States of America with interest thereon
to be  computed  from the date of this note (the  "Note") at the  Interest  Rate
(defined  below) and in  accordance  with the terms of this  Note.  This Note is
executed and delivered pursuant to the terms of a Stock Purchase Agreement dated
February 3, 2004 (the "Agreement")  among the Payor,  Wellspring Media,  Inc., a
Delaware  corporation  (the  "Guarantor"),  Al Cattabiani  ("Cattabiani"),  Carl
Seldin  Koerner  ("Koerner"),  Lee Miller  ("Miller")  and Clara Spalter  Miller
("Spalter Miller"). Capitalized terms used but not defined herein shall have the
meanings set forth in the Agreement.

1.     INTEREST.  Interest on the unpaid  principal  balance due hereunder shall
       accrue at the rate of seven  percent  (7%) per annum.  Interest  shall be
       calculated on the basis of a 365 day year.

2.     PAYMENT  TERMS.  The Payor  shall make to the Payee,  at the  address set
       forth  above or as the Payee  shall  otherwise  direct,  equal  quarterly
       payments of interest, each in the amount of $3,500 on May 3, 2004, August
       3, 2004, November 3, 2004, February 3, 2005, May 3, 2005, August 3, 2005,
       November  3, 2005 and  February  3, 2006 (each,  a "Payment  Date").  The
       entire  principal  balance and all accrued  and unpaid  interest  thereon
       shall be due and payable on February 3, 2006 (the "Maturity Date").

3.     APPLICATION OF PAYMENTS.  Payments under this Note shall be applied first
       to the payment of late fees and other costs and charges due in connection
       with this Note, as Payee determines in its sole  discretion,  then to the
       payment of accrued  but unpaid  interest,  and then to  reduction  of the
       outstanding  principal balance.  All amounts due under this Note shall be
       payable without counterclaim or any other deduction whatsoever.

4.     GUARANTY AND SECURITY. The obligations of the Payor pursuant to this Note
       have been guaranteed by the Guarantor pursuant to the terms of a Guaranty
       Agreement of even date  herewith  (the  "Guaranty").  The Note is secured
       pursuant to the terms

<PAGE>

       of a Security Agreement (the "Security Agreement") given by the Guarantor
       to Miller,  as agent for the Payee and other  Sellers under the Agreement
       (the  "Agent"),   encumbering   certain  assets  of  the  Guarantor  (the
       "Assets"), as more particularly described therein, and a Pledge Agreement
       (the  "Pledge")  of even  date  herewith  given by the Payor to the Agent
       pursuant to which the Payor has pledged the stock of the  Guarantor  (the
       "Stock").

5.     PARI PASSU.  The Note and each of the other Senior  Secured Notes of even
       date herewith from the Payor to the Sellers rank and will rank pari passu
       in right of payment.

6.     DEFAULT AND  ACCELERATION.  The occurrence of any of the following  shall
       constitute an event of default  ("Event of Default") under this Note: (a)
       if any  payment  required in this Note is not paid (i) prior to the tenth
       (10th) day after a Payment Date; or (ii) on the Maturity Date; (b) on the
       occurrence  of any  default  by the  Payor or the  Guarantor,  after  the
       expiration of any applicable notice and grace periods, hereunder or under
       the terms of the Agreement,  the Security Agreement,  the Guaranty or the
       Pledge;  (c) any  representation  or warranty  made or deemed made by the
       Payor  or the  Guarantor  shall  prove  to  have  been  incorrect  in any
       substantial or material respect on or as of the date made or deemed made;
       (d) if Guarantor or Payor  shall:  admit in writing its  inability to pay
       its debts  generally as they become due; file a petition for relief under
       the  bankruptcy  laws or a petition to take  advantage of any  insolvency
       act;  make an  assignment  for  the  benefit  of  creditors;  commence  a
       proceeding  for the  appointment  of a receiver,  trustee,  liquidator or
       conservator  of  itself  or the  whole  or any  substantial  part  of its
       property; file a petition or answer seeking reorganization or arrangement
       or  similar  relief  under  the  Federal  Bankruptcy  Laws  or any  other
       applicable  law or  statute  of the  United  States or any  State;  or if
       Guarantor or Payor shall be adjudged a bankrupt or insolvent,  or a court
       of  competent  jurisdiction  shall  enter any order,  judgment  or decree
       appointing a receiver, trustee, liquidator or conservator of Guarantor or
       Payor  or of the  whole  or any  substantial  part  of  the  property  of
       Guarantor  or Payor or approves a petition  filed  against  Guarantor  or
       Payor  seeking   reorganization  or  similar  relief  under  the  Federal
       Bankruptcy  Laws or any other  applicable  law or  statute  of the United
       States or any State;  or; (e) if the Payor or the  Guarantor  shall cease
       doing business;  (f) upon the declared default of any indebtedness of the
       Payor  or the  Guarantor  by any  lender;  (g) if a  court  of  competent
       jurisdiction  determines that the Security Agreement or the Pledge ceases
       to create a valid first priority  security  interest,  perfected,  to the
       extent such interest is perfected by a financing statement, in and to the
       property subject to such agreement  subject only to the security interest
       of the Atlantic Bank of New York  pursuant to the Accounts  Financing and
       Security  Agreement  and the Covenant  Supplement  to Accounts  Financing
       Security  Agreement,  each dated August 1, 2003 between  Atlantic Bank of
       New York and Payor (together, the "Atlantic Bank Security Agreement"), or
       Permitted Liens thereunder, or shall cease to be in full force and effect
       or are null and void, or the validity or  enforceability  of any security
       agreement  shall be contested by Payor or Guarantor such party shall deny
       it has any further  liability or obligation under such agreement;  (i) if
       the Payor or the

<PAGE>

       Guarantor  shall have a judgment  entered against it in excess of $20,000
       which is not covered by insurance  or bonded  within 90 days or the Payor
       or the Guarantor  shall fail to pay or remit any tax when due; (j) except
       as  permitted  pursuant  to the  Security  Agreement,  the  Payor  or the
       Guarantor  shall  grant any  security  interest  in any of its  assets or
       stock;  or (k) if all or any part of the Collateral  held pursuant to the
       Security  Agreement  or the Stock held  pursuant  to the Pledge  shall be
       sold,  transferred  or  assigned,  without the prior  written  consent of
       Secured Parties in violation of the Security Agreement or the Pledge; (l)
       if  Guarantor  or Payor shall merge or  consolidate  or agree to merge or
       consolidate  with or into any other entity  (except for a merger in which
       Payor or  Guarantor,  as the case may be,  is the  surviving  entity  and
       provided  however  that in the event of any  merger or  consolidation  by
       Guarantor  or Payor notice of such merger shall be provided to the Payees
       no less than ten (10) days prior to any  proposed  merger) or shall sell,
       lease or other dispose of all or substantially all of its assets; (m) the
       loss, theft,  substantial  damage or destruction to or of the Collateral,
       not  otherwise  fully  insured  or the  making or  granting  of any levy,
       seizure,   attachment,   execution  or  prejudgment   remedy,   upon  the
       Collateral,  the Stock, or the property of the Guarantor or Payor,  where
       such levy,  seizure,  attachment,  execution or prejudgment remedy is not
       discharged or released  within  forty-five (45) days after being granted;
       (n) if all or any  part  of the  Stock  shall  be  sold,  transferred  or
       assigned,  or shall be further encumbered,  hypothecated,  mortgaged,  or
       made  subject to any other lien or security  interest,  without the prior
       written  consent of Payee;  (o) if Guarantor shall increase the amount of
       the loan with Atlantic Bank of New York.

       Upon the  occurrence  and during the  continuance of an Event of Default,
       the  Payee may  declare:  (i) the  indebtedness  of this  Note,  and (ii)
       interest,  default interest,  late charges and other sums, as provided in
       this Note, immediately due and payable.

7.     DEFAULT  INTEREST.  Payor agrees that upon the  occurrence of an Event of
       Default,  the Payee  shall be  entitled  to receive  and Payor  shall pay
       interest on the entire  unpaid  principal sum of this Note at a per annum
       rate equal to the lower of twelve  percent (12%) or the maximum  interest
       rate  permitted by law, (the "Default  Rate").  The Default Rate shall be
       computed  from  the   occurrence  of  the  Event  of  Default  until  all
       Obligations  (as  defined in the  Security  Agreement)  are paid in full.
       Interest  calculated  at the Default Rate shall be deemed  secured by the
       Security Agreement.  This clause,  however,  shall not be construed as an
       agreement  or  privilege  to  extend  the  date  of  the  payment  of the
       Obligations,  nor as a waiver of any other  right or remedy  accruing  to
       Payee by reason of the occurrence of any Event of Default.

8.     LATE CHARGE.  If any payment payable under this Note is not paid prior to
       the tenth (10th) day after the applicable  Payment Date,  Payor shall pay
       to Payee,  upon demand,  an amount equal to five percent (5%) of any sums
       due or  payable,  and  this  amount  shall  be  secured  by the  Security
       Agreement and the Pledge Agreement.  This clause,  however,  shall not be
       construed  as an agreement or privilege to extend the date of the payment
       of the Debt,  nor as a waiver of any other  right or remedy  accruing  to
       Payee by reason of the occurrence of any Event of Default.

<PAGE>

9.     PREPAYMENT. The outstanding principal balance of this Note, together with
       all accrued  and unpaid  interest,  may be  prepaid,  in whole but not in
       part,  at any time during the term  hereof,  without  penalty.  The Payor
       shall notify the Payee in writing prior to making a prepayment.

10.    LOAN CHARGES.  This Note is subject to the express  condition  that at no
       time shall the Payor be  obligated  or  required  to pay  interest on the
       principal  balance due  hereunder at a rate which could subject the Payee
       to either  civil or criminal  liability as a result of being in excess of
       the maximum  interest rate which the Payor is permitted by applicable law
       to contract or agree to pay.  If, by the terms of this Note,  Payor is at
       any time  required or obligated  to pay  interest  hereunder at a rate in
       excess of such maximum  rate,  the Interest  Rate or the Default Rate, as
       the case may be,  shall  be  deemed  to be  immediately  reduced  to such
       maximum  rate and all  previous  payments in excess of the  maximum  rate
       shall be deemed to have been  payments in reduction of principal  and not
       on account of the interest due hereunder,  and any excess remaining shall
       be  refunded  to the Payor or applied  against  unpaid  principal  at the
       option of the Payee.  All sums paid or agreed to be paid to the Payee for
       the use,  forbearance,  or detention of the  Obligations,  shall,  to the
       maximum  extent  permitted by  applicable  law, be  amortized,  prorated,
       allocated,  and spread throughout the full stated period until payment in
       full of the principal  (including  the period of any renewal or extension
       hereof)  so that  the  rate or  amount  of  interest  on  account  of the
       Obligations does not exceed the maximum lawful rate of interest from time
       to time in effect and  applicable to the  Obligations  for so long as the
       Obligations are outstanding.  In determining  whether or not the interest
       paid or payable  hereunder exceeds the maximum lawful rate, the Payee may
       utilize  any law,  rule or  regulation  in  effect  from time to time and
       available to the Payee.

11.    WAIVERS  The Payor  hereby  waives  presentment  and demand for  payment,
       notice of dishonor, protest and notice of protest and non-payment and all
       other notices of any kind,  and consents to the extensions of the time of
       payment, release, surrender or substitution of security or forbearance or
       other  indulgence  without  notice.  No release of any  security  for the
       Obligations  or  extension  of  time  for  payment  of  this  Note or any
       installment  hereof,  and  no  alteration,  amendment  or  waiver  of any
       provision of this Note,  the Agreement,  the Pledge,  the Guaranty or the
       Security Agreement made by agreement between the Payee,  Guarantor or any
       other  person or party  shall  release,  modify,  amend,  waive,  extend,
       change, discharge, terminate or affect the liability of the Payor for the
       payment of all or any part of the Obligations.  No notice to or demand on
       the Payor shall be deemed to be a waiver of the  obligation  of the Payor
       or of the  right of the  Payee to take  further  action  without  further
       notice or demand as provided for in this Note, the Agreement, the Pledge,
       the Guaranty or the Security Agreement.

12.    GOVERNING  LAW.  This Note  shall be  governed,  construed,  applied  and
       enforced in , accordance with the laws of the State New York and shall be
       binding upon the Payor and its  successor  and  assigns.  This Note shall
       inure to the benefit of the Payee and his successors and assigns.

<PAGE>

13.    CONSENT TO JURISDICTION.  The Payor irrevocably consents to the exclusive
       jurisdiction  of the United  States  federal  courts and the state courts
       located in the State and  County of New York with  respect to any suit or
       proceeding  based on or arising  under this Note and  irrevocably  agrees
       that all claims in respect of such suit or  proceeding  may be determined
       in such courts.

14.    NOTICES.  All notices  required or permitted  hereunder shall be given as
       provided in the Agreement.

15.    MISCELLANEOUS.

              (a) Wherever  pursuant to this Note it is provided  that the Payor
       pay any costs and expenses,  such costs and expenses shall  include,  but
       not be limited to,  reasonable legal fees and disbursements of the Payee,
       whether  with  respect  to  retained  firms,  the  reimbursement  for the
       expenses  of in-house  staff,  or  otherwise.  The Payor shall pay to the
       Payee on  demand  any and all  expenses,  including  legal  expenses  and
       reasonable attorneys' fees (at all levels including appeals), incurred or
       paid by Payee in enforcing this Note, whether or not any legal proceeding
       is commenced  hereunder,  together with  interest  thereon at the Default
       Rate from the date paid or incurred by Payee until such expenses are paid
       by the Payor.

              (b) This  Note may not be  modified,  amended,  waived,  extended,
       changed,  discharged or terminated orally or by any act or failure to act
       on the  part of the  Payor or the  Payee,  but  only by an  agreement  in
       writing signed by the party against whom enforcement of any modification,
       amendment, waiver, extension, change, discharge or termination is sought.

              (c) Whenever used,  the singular  number shall include the plural,
       the plural number shall  include the singular,  and the words "Payee" and
       "Payor"  shall  include  their  respective  successors,  assigns,  heirs,
       executors and administrators.

              (d) The headings of this Note are for convenience only and are not
       to affect the construction of or to be taken into account in interpreting
       the substance of this Note.

              (e) Time is of the essence hereunder.

              (f)  A   determination   that  any   provision  of  this  Note  is
       unenforceable or invalid shall not affect the  enforceability or validity
       of any other  provision and a  determination  that the application of any
       provision  of this  Note to any  person or  circumstance  is  illegal  or
       unenforceable  shall not affect the  enforceability  or  validity of such
       provision  as it  may  apply  to  other  persons  or  circumstances.  The
       remaining  provisions  of this Note shall  remain  operative  and in full
       force and effect and shall in no way be affected, prejudiced or disturbed
       thereby.

              (g)  The  Payor   waives  any  right  it  may  have  to  assert  a
       counterclaim and cross claims of any nature.

              (h) WAIVER OF TRIAL BY JURY.  PAYOR AND PAYEE,  BY ITS  ACCEPTANCE
       HEREOF,  EACH HEREBY WAIVES,  TO THE FULLEST EXTENT PERMITTED BY LAW, THE
       RIGHT TO TRIAL BY JURY IN ANY ACTION, PROCEEDING

<PAGE>

       OR  COUNTERCLAIM,  WHETHER  IN  CONTRACT,  TORT  OR  OTHERWISE,  RELATING
       DIRECTLY OR INDIRECTLY  TO THE  OBLIGATIONS  EVIDENCED BY THIS NOTE,  THE
       AGREEMENT, THE GUARANTY, THE PLEDGE OR THE SECURITY AGREEMENT OR ANY ACTS
       OR OMISSIONS OF ANY PARTY OR ANY OF THEIR RESPECTIVE OFFICERS, EMPLOYEES,
       DIRECTORS OR AGENTS IN CONNECTION THEREWITH.  THIS WAIVER OF THE RIGHT TO
       TRIAL BY JURY IS A  MATERIAL  INDUCEMENT  TO THE  PAYEE  FOR THE PAYEE TO
       ENTER INTO THE TRANSACTION EVIDENCED HEREBY.

16.    SETOFF.  Notwithstanding  anything to the contrary in the Agreement,  and
       regardless of other means of obtaining  payment,  if at any time and from
       time to time any Purchaser  Indemnified  Party delivers a Claim Notice to
       the Sellers regarding any Claim for which the Purchaser Indemnified Party
       is entitled to indemnification  from the Sellers under Article VII of the
       Agreement,  the Payorr is hereby  authorized  to withhold and set-off and
       apply  against any amounts owing to Payee under this Note by the Payor up
       to such  Payee's  Pro Rata Share of the amounts as set forth in each such
       Claim Notice.  The Purchaser shall have the right to withhold and set-off
       in  connection  with this Section 17 upon the earlier of (i) when a Claim
       has been made or filed against a Purchaser Indemnified Party, (ii) when a
       Purchaser  Indemnified  Party  has paid or been  required  to pay a third
       party in  connection  with a Claim or (iii) when a Purchaser  Indemnified
       Party has realized a quantifiable loss due to any Claim.  Notwithstanding
       anything in the  Agreement  to the  contrary  (and  without  limiting the
       generality of Section 9.12 of the  Agreement),  (i) the rights to set-off
       provided in this Note and (ii) any other rights and  remedies  under this
       Agreement or in equity or at law that any Purchaser Indemnified Party may
       have with respect to the satisfaction of the indemnification  obligations
       of the Sellers under the Agreement shall be cumulative,  and the exercise
       of any such right by any Person shall not be exclusive of any other right
       or remedy and shall not limit,  modify,  adversely  affect,  prejudice or
       impair the exercise (or ability to exercise) any such rights or remedies.

17.    SUBORDINATION.   THIS   INSTRUMENT   IS  SUBJECT  TO  THE   AGREEMENT  OF
       SUBORDINATION  DATED AS OF  FEBRUARY 3, 2004 AMONG  ATLANTIC  BANK OF NEW
       YORK (THE "BANK"),  AL CATTABIANI AND AMERICAN VANTAGE MEDIA CORPORATION,
       WHICH AMONG OTHER THINGS SUBORDINATES THE PAYOR'S  OBLIGATIONS  HEREUNDER
       TO THE PRIOR PAYMENT OF CERTAIN OBLIGATIONS OWING TO THE BANK.

              [NO FURTHER TEXT - SIGNATURE TO FOLLOW ON NEXT PAGE]

<PAGE>

         IN WITNESS WHEREOF,  Payor has duly secured this Note as of the day and
date first above written.

SIGNED AND DELIVERED IN THE PRESENCE OF     PAYOR
                                             AMERICAN VANTAGE MEDIA CORPORATION

_______________________________________     By: _______________________________

Print Name: ___________________________     Name: _____________________________

                                            Title: ____________________________

<PAGE>

                                         ACKNOWLEDGMENT IN NEW YORK STATE

STATE OF NEW YORK              )
                               SS.:

COUNTY OF ____________________ )

         On February _____, 2004 before me, the undersigned, personally appeared
_________________________ personally known to me or proved to me on the basis of
satisfactory  evidence to be the individual(s) whose name(s) is (are) subscribed
to the within  Agreement and  acknowledged to me that  he/she/they  executed the
same in his/her/their  capacity(ies),  and that by his/her/their signature(s) on
the  Agreement,  the  individual(s),  or the  person  upon  behalf  of which the
individual(s) acted, executed the Agreement.

                      _________________________________________________________
                     (signature and office of individual taking acknowledgment)

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00063-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00063-of-00352.parquet"}]]