Document:

<PAGE>

                                   [Material marked with an asterisk has been
                                   omitted from this document pursuant to a
                                   request for confidential treatment and has
                                   been filed separately with the Securities and
                                   Exchange Commission.]

                                                                          R-247

                                 LICENSE AGREEMENT

     THIS LICENSE AGREEMENT made as of the 1st day of July, 1999 BETWEEN:

                         ULTIMATE SPORTS ENTERTAINMENT INC., a corporation
                         incorporated under the laws of California with offices
                         at 2444 Wilshire Blvd., Suite 414, Santa Monica, CA,
                         90403 (the "Licensee")
                                                              OF THE FIRST PART

                         - and -

                         THE NATIONAL HOCKEY LEAGUE PLAYERS' ASSOCIATION, an
                         unincorporated association with offices at 777 Bay
                         Street, Suite 2400, Toronto, Ontario, M5G 2C8, (the
                         "Licensor")
                                                             OF THE SECOND PART

WITNESSETH:

     WHEREAS, the Licensor is the owner of certain proprietary rights in and
to the property described in Schedule "A" attached hereto (the "Property");

     WHEREAS, the Licensor has a group licensing program under which it
licenses the use of the Property in furtherance of its efforts to promote its
members and the game of hockey;

     WHEREAS, the Licensee desires to use the Property on or in association
with the manufacture, packaging, offering for sale, sale, advertising,
promotion, shipment and distribution (the "Exploitation") of certain products
identified in Schedule "C" attached hereto (the "Licensed Products") in the
territory identified in Schedule "D" attached hereto (the "Licensed
Territory");

     AND WHEREAS, the Licensor is willing to grant the Licensee such right to
use the Property on or in association with the Exploitation of the Licensed
Products in the Licensed Territory in accordance with the terms and
conditions recited herein.

     NOW, THEREFORE, in consideration of the mutual promises, covenants and
conditions herein contained, it is hereby agreed as follows:

<PAGE>
                                       2

1.   INTERPRETATION

          This Agreement shall be interpreted in accordance with the following:

     (a)  words denoting the singular shall include the plural and vice versa
     and words denoting any gender shall include all genders;

     (b)  references to dollars, unless otherwise specifically indicated, shall
     be references to U.S. Dollars;

     (c)  the word "including" shall mean, "including without limitation" and
     the word "includes" shall mean "includes without limitation";

     (d)  the expression "arm's length" shall have the meaning ascribed thereto
     in the Income Tax Act (Canada);

     (e)  the expression "business day" shall mean any day other than Saturday
     and Sunday on which the Canadian chartered banks are open for business in
     Toronto, Ontario; and

     (f)  the term "Agreement" shall mean this agreement and all schedules
     attached hereto.

2.   REPRESENTATIONS OF LICENSOR

     (a)  The Licensor represents that it has been duly appointed and is acting
     on behalf of all active hockey players (the "Players") of the National
     Hockey League ("NHL") who have entered into a Group Licensing Authorization
     Agreement with the Licensor, and that in such capacity it has the right to
     negotiate this Agreement and the right to grant the rights described
     herein.

     (b)  The Licensor further represents that the Licensor has not entered
     into, granted or become subject to, and will not enter into, grant or
     become subject to, any agreement, right or obligation which will prevent
     the Licensee from exercising the rights granted to the Licensee herein.

     (c)  The Licensor makes no warranties or representations other than those
     expressly made herein.

3.   REPRESENTATIONS OF LICENSEE

     (a)  The Licensee represents that it is a corporation duly incorporated and
     organized and validly subsisting under the laws of its jurisdiction of
     incorporation, that it has full corporate power and authority to carry on
     its business as now conducted and that it has obtained all material
     authorizations required in respect of its operations.

<PAGE>
                                       3

     (b)  The Licensee further represents that it has full corporate power and
     authority and full right to enter into and perform its obligations under
     this Agreement.

     (c)  The Licensee further represents that the consummation of the
     transactions herein contemplated and the compliance with the terms,
     conditions and provisions of this Agreement will not conflict with, or
     result in a breach of, or constitute a default under any of the terms,
     conditions or provisions of the certificates of incorporation, constating
     documents or by-laws of the Licensee or any material agreement or
     instrument to which the Licensee is party or by which it is bound.

     (d)  The Licensee further represents that all software, embedded microchips
     and other processing capabilities utilized by or in connection with the
     business or financial operations of the Licensee are able to correctly
     recognize, interpret, store, transmit, receive and manipulate data on and
     involving all calendar dates and otherwise handle the transition from the
     year 1999 to the year 2000, and without causing any abnormal results or
     scenarios in relation to dates during and after the year 2000.

     (e)  The Licensee further represents that the Licensee has not entered
     into, granted or become subject to, and will not enter into, grant or
     become subject to, any agreement, right or obligation which will prevent
     the Licensee from performing its obligations herein.

4.   GRANT

     (a)  Subject to the terms and conditions hereof, the Licensor hereby grants
     to the Licensee a non-exclusive, non-transferable, non-assignable license,
     without the right to grant sub-licenses, to use the Property solely on or
     in association with the Exploitation of the Licensed Products and solely
     within the Licensed Territory (the "License").

     (b)  The rights, licenses and privileges granted by the Licensor hereunder
     shall not constitute or be used by the Licensee as a personal endorsement
     by all or any of the Players or by the Licensor, of any Licensed Product or
     any other product or service. In the event that the Licensee is interested
     in securing a Player's personal endorsement, using a Player in a manner
     that will focus on or highlight the Player or securing a Player for a photo
     shoot or other appearance, it is understood and acknowledged that such
     endorsement, highlighting or appearance will require the personal approval
     of the Player involved and a separate payment directly to him, independent
     of, and in addition to, all payments due to the Licensor under the terms of
     this Agreement.

     (c)  With respect to any current Player or former NHL player with whom the
     Licensee wishes to enter into an endorsement, spokesperson,

<PAGE>
                                       4

     highlighting, appearance or promotional agreement, the Licensee agrees as
     follows:

          (i)    The Licensee shall first contact the Licensor with its request
                 to engage the endorsement, spokesperson, highlighting,
                 appearance or promotional services of any particular active
                 Player (or a Player who has been under contract, but has not
                 yet announced his retirement).  The Licensee will allow the
                 Licensor sufficient time to contact the Player to see if he is
                 available to provide the requested services.  The Licensee
                 agrees not to contact the Player without the consent of the
                 Licensor.

                 If the Player agrees to make his services available, the
                 Licensee will be permitted to enter into an endorsement,
                 spokesperson, highlighting, appearance or promotional agreement
                 with him, provided that any such agreement which purports to be
                 exclusive (in whole or in part) shall be deemed to include the
                 following terms and conditions:

                 "Exclusive shall mean that the Player shall refrain from
                 granting to any other manufacturer or distributor of similar
                 products the endorsement, as a spokesman, of the Player for use
                 in advertising and/or promotion of such similar products. The
                 parties acknowledge and agree that the Player's name and
                 likeness may appear on the products of NHLPA licensees, that
                 they will continue to do so, and that no such grant of rights
                 with respect to any other product shall constitute a breach of
                 this Agreement."

                 The Licensee agrees that any agreements which it has entered
                 into with Players prior to the date of this Agreement shall be
                 deemed to include the above-noted language so that any Players
                 who have agreements with the Licensee are free to participate
                 in all group licenses of the Licensor.

                 Notwithstanding anything herein to the contrary, the Licensee
                 agrees that it will not use any current NHL player as a
                 spokesman or for the endorsement or promotion of the Licensed
                 Products unless such player forms part of the group included in
                 this Agreement.

                 The Licensee shall notify the Licensor prior to concluding any
                 such agreement with any Player and shall provide a copy of the
                 agreement to the Licensor within five days of its execution.

          (ii)   The Licensor acknowledges and agrees that the Licensee may
                 enter into agreements with former NHL players on an exclusive

<PAGE>
                                       5

                 basis as to endorsement, spokesperson, highlighting or
                 promotion rights.  The Licensee acknowledges and agrees that if
                 any such former NHL player re-enters the NHL to again become an
                 active Player, the Licensee shall be bound, with respect to
                 such Player, to the provisions of sub-paragraph (i) above.

                 The Licensee shall provide a copy of any such agreement with
                 any former NHL player to the Licensor within five (5) days of
                 its execution.

     (d)  Nothing contained in sub-paragraph (b) above shall prevent the
     Licensee from utilizing the names and/or likenesses of the Players in a
     non-endorsement and/or non-testimonial manner in connection with the
     packages, cartons, advertising, point of sale and/or promotional materials
     for the Licensed Products (the "Promotional and Packaging Materials") or
     require any separate payment in connection therewith, provided that, unless
     specifically authorized in advance by the Licensor in writing, the names
     and/or likenesses of a minimum of six (6) such Players are utilized with
     equal prominence on the Promotional and Packaging Materials for all
     Licensed Products during the entire Term of this Agreement; and the
     Licensee agrees to rotate the Players who are so utilized in connection
     with such materials so as not to highlight any particular Player or group
     of Players to the exclusion of others.  Notwithstanding the foregoing, the
     Licensee agrees that, at the request of the Licensor, it will refrain from
     utilizing the names and/or likenesses of any particular Player(s) on any
     Promotional and Packaging Materials.

     (e)  The Licensee agrees and acknowledges that any Player may elect to be
     excluded from all or any part of this Agreement.

     (f)  The Licensee agrees that it will not enter into any agreement relating
     to any Licensed Products with any NHL player who does not form part of the
     group included in this Agreement.

     (g)  The Licensee agrees that it will not enter into any agreement with any
     third party with respect to any markings, designs or other indicia
     generally associated in the minds of the public with any particular Player
     which would preclude the Player from being depicted in or on any NHLPA
     licensed products or promotional materials in the manner in which the
     public has become accustomed to seeing him.

     (h)  The Licensor makes no representation that it has the authority to
     grant nor does it grant herein, the right to utilize league symbols,
     insignias or logos or the NHL team emblem or uniform which a Player wears
     as a hockey player for his NHL team.  Accordingly, it is understood by the
     parties hereto that if likenesses of Players depicting any such team or
     league material are to be utilized in the exercise of this License, it will
     be the

<PAGE>

                                   [Material marked with an asterisk has been
                                   omitted from this document pursuant to a
                                   request for confidential treatment and has
                                   been filed separately with the Securities and
                                   Exchange Commission.]

                                       6

     responsibility of the Licensee to obtain permission for the use of such
     material.

     (i)  All rights not expressly granted to the Licensee in this Agreement are
     specifically reserved to the Licensor.

5.   TERM

     (a)  The term of this Agreement (the "Term") shall extend from the date
     first written above to June 30, 2001 unless earlier terminated in
     accordance with the provisions hereof.  All references herein to the words
     "annual", "year" or any other similar term shall be references to the
     twelve (12) month period from July 1 to the following June 30 unless the
     context in which any such terms are used otherwise requires.

     (b)  The Licensee acknowledges that except as expressly provided herein,
     there is no right to renew this Agreement, and no options to extend this
     Agreement have been granted or are implied hereunder.

6.   ROYALTY PAYMENT

     (a)  The Licensee agrees to pay the Licensor a royalty ("Royalty") of *
     percent (*) based on Net Sales (as defined herein) of Licensed Products by
     the Licensee.  Such Royalties shall accrue when the Licensed Products are
     sold, shipped, distributed, billed or paid for, whichever occurs earliest.

     (b)  Royalty payments shall be made by the Licensee to the Licensor on all
     Licensed Products sold, shipped or distributed by the Licensee, even if not
     billed or if billed at a discount.  Royalty payments to be made in respect
     of Licensed Products sold, shipped or distributed but not billed or if
     billed at a discount (such as in the case of introductory offers, samples,
     promotions and the like, or in the case of sales, shipments or
     distributions to individuals or companies which are affiliated or
     associated with or subsidiaries of the Licensee), shall be based upon the
     Licensee's then usual wholesale price (the "Usual Wholesale Price") for
     such Licensed Products sold to arm's length third parties in the course of
     the Licensee's normal sales, shipment and distribution activities.

     (c)  Where the billed price for any Licensed Products is less than the
     Usual Wholesale Price for such Licensed Products, the Royalty payments
     shall be based upon the Usual Wholesale Price.

     (d)  The Licensee further agrees to pay the Licensor a non-refundable,
     minimum guaranteed annual royalty of * Dollars (* U.S.) for its use of
     the rights licensed hereunder during the Term (the "Guaranteed Minimum
     Royalty").  The Guaranteed Minimum Royalty shall be paid as follows:

<PAGE>

                                   [Material marked with an asterisk has been
                                   omitted from this document pursuant to a
                                   request for confidential treatment and has
                                   been filed separately with the Securities and
                                   Exchange Commission.]

                                       7

          (i)    * Dollars (* U.S.) upon execution of this Agreement; an
                 additional * Dollars (* U.S.) by September 15, 1999; an
                 additional * Dollars (* U.S.) by December 15, 1999; and an
                 additional * Dollars (* U.S.) by April 15, 2000; and

          (ii)   An additional * Dollars (* U.S.) by July 15, 2000; an
                 additional * Dollars (* U.S.) by September 15, 2000; an
                 additional * Dollars (* U.S.) by December 15, 2000; and an
                 additional * Dollars (* U.S.) by April 15, 2001

     (e)  The Guaranteed Minimum Royalty payments shall be paid by the Licensee
     as specified above, whether or not the Licensee uses the rights licensed
     hereunder, and no part of such guaranteed payments shall be repayable to
     the Licensee except as specifically recited herein.

     (f)  Royalty payments based on Net Sales (as adjusted in accordance
     herewith) made during any year of this Agreement shall be credited against
     the Guaranteed Minimum Royalty due for the year in which such sales were
     made. In no event shall any Royalties received in excess of the Guaranteed
     Minimum Royalty for the year in which such Net Sales were made be used as a
     credit against past or future Royalty obligations of the Licensee nor shall
     any such excess be applied against the Guaranteed Minimum Royalty for any
     other year of this Agreement.

     (g)  "Net Sales" shall mean gross sales of all Licensed Products, adjusted
     in accordance with sub-paragraphs 6(b) and 6(c) hereof, less only returns
     actually credited.  No deductions shall be made for cash or other
     discounts, for commissions, for uncollectible accounts, for taxes, fees,
     assessments, impositions, payments or expenses of any kind which may be
     incurred or paid by the Licensee in connection with the Royalty payments
     due to the Licensor hereunder or in connection with a transfer of funds or
     Royalties or with the conversion of any currency into any other currency,
     or for any costs incurred in the use of the Property or the Exploitation of
     the Licensed Products. If any tax is imposed on the Licensor by any country
     with respect to Royalties payable to the Licensor, the Licensee shall
     compute and pay the Royalties due to the Licensor hereunder on the basis of
     the gross amount involved before the deduction of any such taxes. If the
     Licensee is required to withhold from any Royalty payment due to the
     Licensor an amount representing taxes or other levies imposed pursuant to
     the laws of any country, the Licensee shall nevertheless have the
     obligation to pay the entire gross amount of the Royalty without regard to
     the amount of such tax or other levy. All taxes and other levies of any
     kind whatsoever resulting from this Agreement shall be

<PAGE>
                                       8

     the responsibility of the Licensee and shall be paid by the Licensee at
     the time and in the manner required by the relevant legislation.

     (i)  The Licensee represents to the Licensor that it is not a resident of
     Canada and has not registered in Canada for purposes of the Federal Goods
     and Services Tax.

7.   MARKETING COMMITMENT/PRODUCT CREDIT

     (a)  The Licensee also agrees to provide and deliver free of charge to the
     Licensor Licensed Products valued at a minimum of Five Thousand Dollars
     ($5,000.00 U.S.) wholesale during each year of the Term.  Delivery of the
     Licensed Products shall be made within thirty (30) days after a written
     request for delivery has been made by the Licensor to the Licensee.

8.   FORECASTS, STATEMENTS AND PAYMENTS

     (a)  Upon execution of this Agreement, and by each January 1 and July 1
     thereafter, the Licensee shall provide to the Licensor a business plan
     covering the remainder of the contract year broken down by quarter,
     outlining the following:

          (i)    the gross and net sales projections for each Licensed Product,
                 broken down by country in the Licensed Territory;

          (ii)   a schedule of planned promotional and marketing campaigns
                 together with the media to be used; and

          (iii)  a list of the Licensed Products and, if applicable, the
                 particular designs proposed to be offered.

     (b)  The Licensee shall deliver to the Licensor, by the 15th day after the
     end of each calendar quarter during the entire Term of this Agreement, and
     thereafter in accordance with paragraph 21 hereof, a complete and accurate
     statement (the "Royalty Statement") in the form attached hereto as Schedule
     "F", certified to be accurate by an officer of the Licensee, showing the
     number, description and gross sales (as adjusted in accordance herewith) of
     the Licensed Products distributed, shipped or sold by the Licensee during
     the preceding calendar month ("Royalty Period") together with any returns
     actually credited and made during such Royalty Period. Such Royalty
     Statements shall be furnished to the Licensor whether or not any of the
     Licensed Products have been distributed, shipped or sold during the Royalty
     Period for which such Royalty Statement is due. The Licensee shall pay to
     the Licensor on or before the 15th day of each calendar quarter during the
     entire Term of this Agreement, all Royalties earned under the terms hereof
     for the most recent Royalty Period. If so instructed by the Licensor, all
     payments of Royalties and/or other amounts to be made hereunder shall be

<PAGE>
                                       9

     made by wire transfer in accordance with the written instructions given by
     the Licensor from time to time. The receipt or acceptance by the Licensor
     of any Royalty Statement or of any Royalty paid hereunder (or the
     depositing of any Royalty or other amount paid hereunder) shall not
     preclude the Licensor from questioning the correctness thereof at any time,
     and in the event that any inconsistencies or mistakes are discovered in
     connection therewith, they shall immediately be rectified and the
     appropriate payment made by the Licensee to the Licensor.

     (c)  Time is of the essence with respect to all payments to be made
     hereunder by the Licensee.  Any amounts payable hereunder not paid in full
     on their due date shall accrue interest daily from the relevant due date
     until the date payment is received at the rate of 1 1/2% per month (18% per
     annum).

     (d)  All payments made hereunder with respect to Licensed Products sold,
     shipped or distributed to or within the United States shall be in United
     States currency. All payments made hereunder with respect to Licensed
     Products sold, shipped or distributed to or within any country other than
     the United States shall be calculated in accordance with sub-paragraph (e)
     and shall be paid in United States currency.

     (e)  If the Licensed Territory includes countries other than the United
     States, the Royalty Statement shall be broken down by country and all Net
     Sales amounts shall be stated in the currency of the country where such
     sales were made, followed by the equivalent amount of such Net Sales in
     United States currency, followed by the exchange rate applied. The Licensor
     reserves the right to dispute the appropriateness of the exchange rate
     applied. Any dispute that cannot be resolved by agreement between the
     parties shall be settled by reference to the exchange rate that would have
     been applied by the Chase Manhattan Bank in New York, N.Y., to exchange
     such foreign currency into United States dollars.

     (f)  All transactions under this Agreement, including without limitation,
     all payments of Royalties and all notices, reports, royalty statements,
     approvals and other communications, shall be with or made payable in the
     name of the Licensor, or its designated assigns, if applicable.

<PAGE>
                                       10

9.   BOOKS AND RECORDS/AUDIT

     (a)  The Licensee agrees to keep accurate books of account and records at
     its principal place of business covering all transactions relating to the
     license being granted herein. The Licensor or any duly authorized
     representative shall have the right, at all reasonable hours of any
     business day, to audit the Licensee's books of account and records and all
     other documents and material in the possession or under the control of the
     Licensee with respect to the subject matter and the terms of this Agreement
     and to make copies and extracts thereof. In the event that any such audit
     reveals an underpayment by the Licensee, the Licensee shall immediately
     remit payment to the Licensor in the amount of such underpayment together
     with interest thereon calculated at the same rate and in the same manner as
     this Agreement provides for interest to be calculated on overdue royalties.
     Further, in the event that any such underpayment is greater than the lesser
     of Five Thousand Dollars ($5,000.00) or two percent (2%) of the Royalties
     due for any Royalty Period, the Licensee shall reimburse the Licensor for
     the costs and expenses related to or associated with its audit.

     (b)  Upon demand by the Licensor, but not more than once each year, the
     Licensee shall, at its own cost, furnish the Licensor with a statement,
     prepared by an independent certified public or chartered accountant of the
     Licensee's choice and approved by the Licensor, which approval shall not be
     unreasonably withheld, setting forth the number of Licensed Products
     manufactured during the time period extending from the date of any previous
     statement (or in the case of the first statement, the date of the
     commencement of this Agreement) up to and including the date of the
     statement and also setting forth the pricing information for all Licensed
     Products (including the number and description of the Licensed Products)
     shipped, distributed and sold by the Licensee during the aforementioned
     time period.

     (c)  All books of account and records of the Licensee covering all
     transactions relating to the Licensee shall be retained by the Licensee for
     at least six (6) years after the expiration or termination of this
     Agreement, as the case may be, for possible inspection by the Licensor.

10.  QUALITY, NOTICES, APPROVALS, AND SAMPLES

     (a)  A list of Players whose names, likenesses, pictures, photographs,
     facsimiles, signatures, descriptions, playing records and/or biographical
     sketches (the "Personality Rights") are to be included in the Property for
     purposes of this Agreement shall be established and may be modified in the
     following manner:

          (i)    The Licensee and the Licensor shall agree upon a list of
                 Players' names immediately after the execution of this
                 Agreement.

<PAGE>
                                       11

                 Subject to subparagraph (ii), the Licensee shall be entitled
                 to use the Personality Rights of each Player included on the
                 list for the length of the Term as long as he is an active
                 Player.

          (ii)   The Licensor may notify the Licensee from time to time of any
                 Players whose Personality Rights are to be added to or excluded
                 from the Property for purposes of this Agreement.

     (b)  The quality of the Licensed Products as well as the quality of all
     Promotional and Packaging Material shall be at least as high as the best
     quality of similar products and promotional, advertising and packaging
     material presently shipped, distributed, sold or used by the Licensee in
     the Licensed Territory and shall be in full conformance with all applicable
     laws and regulations.

     (c)  Before commencing or authorizing third parties to commence the design
     or development of any Licensed Products or any Promotional and Packaging
     Material which have not been previously approved in writing by the
     Licensor, the Licensee shall submit at its own cost to the Licensor, for
     approval, a description of the concept of the same, including full
     information on the nature and function of the proposed item and a general
     description of how the Property and other material will be used thereon.
     The Licensee shall next submit at its own cost to the Licensor, for
     approval, complete layouts and descriptions of the proposed Licensed
     Products and Promotional and Packaging Material showing exactly how and
     where the Property and all other artwork and wording will be used.
     Thereafter, the Licensee shall submit at its own cost to the Licensor, for
     approval, pre-production proofs or prototype samples of the proposed
     Licensed Products and Promotional and Packaging Material. Finally, the
     Licensee shall submit at its own cost to the Licensor, for approval, actual
     production samples of the proposed Licensed Products and Promotional and
     Packaging Material (the "Production Samples"). The Licensee shall not
     proceed beyond any of the above stages where approval is required without
     first securing the prior express written approval of the Licensor. The
     Licensee may not Exploit any Licensed Product nor use any Promotional and
     Packaging Material until it has received final written approval of same in
     the manner provided herein from the Licensor. All approvals required
     hereunder may be granted or withheld as the Licensor, in its sole
     discretion, may determine. Should the Licensor fail to approve in writing
     any of the submissions furnished to it by the Licensee within seven (7)
     days from the date of submission thereof, such failure shall be deemed to
     be a notice of disapproval thereof.

     (d)  The Licensee agrees that all Licensed Products and all Promotional and
     Packaging Material shall contain appropriate legends, markings and notices
     as required from time to time by the Licensor, in order to give appropriate
     notice to the consuming public of the Licensor's right, title and interest
     therein and thereto. The Licensee agrees that, unless otherwise

<PAGE>
                                       12

     expressly approved in writing by the Licensor, each usage of the trademarks
     set forth in Schedule "B" (the "Trademarks") shall be followed by either
     the TM or the R Trademark Notice symbol, as directed by the Licensor.
     Additionally, the Licensee shall place or cause to be placed the following
     legend at least once on each Licensed Product and on each piece of
     Promotional and Packaging Material:

          "National Hockey League Players' Association, NHLPA and NHLPA Logo are
          Trademarks of the NHLPA and are used, under license, by Ultimate
          Sports Entertainment Inc."

     (e)  The Licensee shall further imprint or cause to be imprinted on every
     Licensed Product and on each piece of Promotional and Packaging Material
     the logo of the Licensor, as illustrated in Schedule "E" of this Agreement
     followed by "-C- NHLPA", and also the following:

          "Officially Licensed Product of the National Hockey League Players'
          Association".

     (f)  Where patent protection is either pending or has been granted for any
     portion of the Property, the Licensed Products or the Promotional and
     Packaging Material, the Licensee shall further include the appropriate
     patent notice on all Licensed Products and on all pieces of Promotional and
     Packaging Material.

     (g)  The Licensee shall use no markings, legends or notices on or in
     association with the Licensed Products or on or in association with the
     Promotional and Packaging Material other than those specified above or such
     other markings, legends or notices as may from time to time be specified by
     the Licensor, without first obtaining the Licensor's prior express written
     approval in the manner provided herein.

     (h)  Upon commencement of manufacture, shipment and distribution of the
     Licensed Products and Promotional and Packaging Material after all required
     approvals have been given by the Licensor, the Licensee shall submit, at
     its own cost, thirty (30) final versions of each of the Licensed Products
     and of the Promotional and Packaging Material to the Licensor.

     (i)  The Licensor may, from time to time during the Term of this Agreement,
     require that the Licensee submit to the Licensor, at no cost to the
     Licensor, up to ten (10) additional final versions of each of the Licensed
     Products and Promotional and Packaging Material for subsequent review of
     the quality thereof and the appropriateness of the copyright, patent and
     trademark usage and notice thereon, and for any other purpose that the
     Licensor, in its sole discretion, deems appropriate.

<PAGE>
                                       13

     (j)  After the required approval of the Production Samples has been
     secured, the Licensee shall not depart therefrom in any respect without
     first obtaining the express prior written approval of the Licensor. The
     Licensee shall make submissions to the Licensor and obtain approvals in the
     manner required above each time new or revised concepts, layouts,
     descriptions, artwork, models, prototype samples or Production Samples are
     created, developed or adopted by or for the Licensee. It is acknowledged
     that the Licensor is approving of the use of the Property, the Licensed
     Products and the Promotional and Packaging Material as part of its overall
     licensing program and may in its discretion refuse to consent to any change
     or modification to a Licensed Product or to the Promotional and Packaging
     Material even if such change or modification improves the quality or
     standard of the Licensed Product or the Promotional and Packaging Material.

     (k)  In submitting any Licensed Products, artwork, models, prototype
     samples, Production Samples or other items to the Licensor for approval or
     otherwise (collectively, the "Submitted Products"), the Licensee shall
     engage directly and for its own account, all packagers, shippers,
     expeditors, customs brokers and others so that no amounts are charged to
     the Licensor in connection with any such submissions. If any amounts are
     charged to the Licensor, the Licensor, if it so chooses, may pay the
     amounts charged and render an account to the Licensee who shall forthwith
     pay all such amounts together with interest thereon calculated at the same
     rate and in the same manner as this Agreement provides for interest to be
     calculated on overdue royalties.

     (l)  The Licensor may use and/or distribute any or all of the Submitted
     Products for any purpose that the Licensor, in its sole discretion, deems
     appropriate and the Licensor may advertise and promote such use or
     distribution of the Submitted Products in any manner the Licensor, in its
     sole discretion, so chooses.

     (m)  To assure that the provisions of this Agreement are being observed,
     the Licensee agrees that it will allow the Licensor or its designates to
     enter the Licensee's premises or the premises where the Licensed Products
     or the Promotional and Packaging Materials are being manufactured and in
     which Licensed Products are being packaged during regular business hours
     and upon not less than two (2) business days notice, for the purpose of
     inspecting the Licensed Products and the Promotional and Packaging Material
     and the facilities in which the Licensed Products and Promotional and
     Packaging Material are being manufactured and in which the Licensed
     Products are being packaged.

     (n)  In the event that the quality standards or trademark, patent and
     copyright usage and notice requirements hereinabove referred to are not met
     or maintained in respect of the use of the Property or the Promotional and
     Packaging Material, or throughout the various stages of Exploitation of any

<PAGE>
                                       14

     Licensed Products hereunder, then, upon receipt of written notice from the
     Licensor, the Licensee shall immediately discontinue the use of the
     Property and the Promotional and Packaging Material, and any and all of
     those stages of Exploitation of the Licensed Products in connection with
     which the said quality standards or trademark, patent and copyright usage
     and notice requirements have not been met.

11.  OWNERSHIP OF RIGHTS

     (a)  It is understood and agreed that the Licensor is the sole and
     exclusive owner of all right, title and interest in and to the Property.

     (b)  Nothing contained in this Agreement shall be construed as an
     assignment to the Licensee of any right, title or interest in and to the
     Property or any part thereof, it being understood that all right, title and
     interest relating thereto are expressly reserved by the Licensor except for
     the rights that are expressly licensed hereunder.

     (c)  No license as to the use of any property or as to any products other
     than with respect to the use of the Property, the Exploitation of the
     Licensed Products and the use of the Promotional and Packaging Material,
     and only in the Licensed Territory, is being granted hereunder and the
     Licensor reserves for its own use, all rights of any kind whether now known
     or subsequently discovered other than the rights herein licensed to the
     Licensee. The Licensee recognizes that the Licensor may already have
     entered into, and may in the future enter into, license agreements with
     respect to the Property for products which fall into the same general
     product category as one or more of the Licensed Products and which may be
     similar to one or more of the Licensed Products in terms of use, function,
     or otherwise, and the Licensee hereby expressly concedes that the existence
     of said licenses does not and shall not constitute a breach of this
     Agreement by the Licensor.

     (d)  The Licensee shall not use the Licensor's name or the Property other
     than as permitted hereunder and, in particular, shall not incorporate the
     Licensor's name or the Property in the Licensee's corporate or business
     name in any manner whatsoever. The Licensee agrees that in using the
     Property, it will in no way represent that it has any rights, title or
     interest in or to the Property other than those expressly granted herein.
     The Licensee further agrees that it will not use or authorize the use of,
     either during or after the Term of this Agreement, any configuration,
     trademark, trade name or other designation confusingly similar to the
     Licensor's name or the Property.

12.  GOODWILL AND PROMOTIONAL VALUE

     (a)  The Licensee recognizes the value of the goodwill associated with the
     Property and acknowledges that the Property and all rights therein and the
     goodwill pertaining thereto, belong exclusively to the Licensor. The
     Licensee

<PAGE>
                                       15

     further recognizes and acknowledges that the Property has acquired
     secondary meaning in the mind of the public. The Licensee agrees that
     during the Term of this Agreement and thereafter, it will not attack the
     title of any rights of the Licensor in and to the Property or the validity
     of the license being granted herein nor will it express publicly any views,
     opinions or statements with respect to the Property or the Licensor that
     would run contrary to the preservation of such goodwill and promotional
     value.

     (b)  The Licensee agrees that its use of the Property shall enure to the
     benefit of the Licensor and that the Licensee shall not, at any time,
     acquire any rights in or to the Property by virtue of any use it may make
     of the Property.

     (c)  The Licensee acknowledges that the Licensor is entering into this
     Agreement not only in consideration of the Royalties to be paid hereunder
     but also for the promotional value to be secured by the Licensor as a
     result of the use of the Property and the Exploitation of the Licensed
     Products by the Licensee. Accordingly, the Licensee acknowledges that its
     failure to use the Property or to Exploit the Licensed Products in
     accordance with the provisions of this Agreement or to fulfill the
     Licensee's obligations under the provisions hereof will result in immediate
     and irreparable damage to the Licensor in connection with the promotion of
     the Property and that the Licensor will have no adequate remedy at law for
     the failure by the Licensee to abide by such provisions of this Agreement.
     Accordingly, the Licensee agrees that in the event of any such breach by
     the Licensee, the Licensor, in addition to all other remedies available to
     it hereunder, shall be entitled to injunctive relief against any such
     breach as well as such other relief as any court with jurisdiction may deem
     just and proper.

<PAGE>
                                       16

13.  TRADEMARK, PATENT, AND COPYRIGHT PROTECTION

     (a)  The License granted hereunder is conditioned upon the Licensee's full
     and complete compliance with the applicable provisions of the trademark,
     patent, copyright and other intellectual property laws of Canada, the
     United States and the foreign country or countries in the Licensed
     Territory. The Licensee agrees to keep records of and advise the Licensor
     in writing when each of the Licensed Products is first sold in each country
     in the Licensed Territory.

     (b)  The Licensor has the right, but not the obligation, to obtain at its
     own cost, appropriate trademark, patent, copyright and other intellectual
     property protection for the Property.

     (c)  The Licensee shall cooperate with the Licensor in protecting and
     defending the Property. In the event that any claim or problem arises with
     respect to the protection of the Property, the Licensee shall promptly
     advise the Licensor in writing of the nature and extent of same. The
     Licensor has no obligation to take any action whatsoever in the event that
     any claim or problem arises with respect to the protection of the Property.
     The Licensor shall have the election, however, to proceed with counsel of
     its own choice. Alternatively, the Licensor may, at the Licensor's own
     expense, have the Licensee proceed on its behalf with respect to any such
     claim or problem, provided, however, that the Licensor's prior express
     written permission shall be obtained by the Licensee prior to incurring any
     costs chargeable to the Licensor in connection therewith.

     (d)  The Licensee agrees that it shall not at any time apply for any
     copyright, trademark, patent or other intellectual property protection
     which would affect the Licensor's ownership of the Property or any rights
     therein or thereto nor file any document with any governmental authority or
     take any other action which could potentially affect the Licensor's
     ownership of the Property, or its rights therein, or aid or abet anyone
     else in doing so.

14.  INFRINGMENTS

     (a)  The Licensee agrees to assist the Licensor in the enforcement of any
     rights of the Licensor in and to the Property. The Licensor, if it so
     desires, may commence or prosecute any claims or suits in its own name or
     in the name of the Licensee or join the Licensee as a party thereto. In all
     cases, the Licensor shall have the sole right to employ counsel of its
     choosing and to direct the handling of the litigation and any settlement
     thereof. The Licensee agrees to notify the Licensor in writing of any
     infringements or imitations by third parties of the Property, the Licensed
     Products or the Promotional and Packaging Material which may come to the
     Licensee's attention. The Licensor shall have the sole right to determine
     whether or not any action shall be taken on account of any such
     infringement or imitation. The Licensee

<PAGE>
                                       17

     agrees not to contact the third party, not to make any demands or claims,
     not to institute any suit nor take any other action on account of any such
     infringements or imitations without first obtaining the prior express
     written permission of the Licensor, which permission shall not be
     unreasonably withheld. All costs and expenses, including attorneys' fees
     and disbursements, incurred in connection with any suit instituted by the
     Licensee without the consent of the Licensor shall be borne solely by the
     Licensee.

     (b)  The Licensor shall be entitled to receive and retain all amounts
     awarded as damages, profits or otherwise in connection with any suit or
     claim under this paragraph.

15.  INDEMNIFICATION

     (a)  The Licensee hereby agrees to be solely responsible for, defend, hold
     harmless, exonerate and indemnify the Licensor and its directors, officers,
     employees, agents and other representatives from and against any claims,
     demands, cause of action, suits, losses, damages and expenses in connection
     therewith (including reasonable attorney's fees and disbursements) directly
     or indirectly arising out of, or resulting from:

          (i)    any acts or omissions of the Licensee in connection with either
                 the exercise of its rights hereunder or the Exploitation of the
                 Licensed Products;

          (ii)   breach of any provision in this Agreement by the Licensee;

          (iii)  the use of any team symbol, name, insignia, logo or mark;

          (iv)   allegations of unauthorized use of any patent, process, idea,
                 method, material or device by the Licensee relating to the
                 Licensee's use of the Property, design or Exploitation of the
                 Licensed Products or use of the Promotional and Packaging
                 Material; or

          (v)    any alleged defect in the Licensed Products or Promotional and
                 Packaging Material or of any other product or service of the
                 Licensee.

     (b)  The Licensee shall be given prompt written notice of and shall have
     the right to undertake and conduct the defence of any such claim, demand,
     suit or cause of action.  The Licensee shall have the right to defend any
     such claim, demand, suit or cause of action with attorneys of its own
     selection, such attorneys not to be selected without the prior written
     approval of the Licensor, which approval shall not be unreasonably
     withheld.  Should the Licensee decide not to defend such claim, demand,
     suit or cause of action, the

<PAGE>
                                       18

     Licensor shall have the right to defend the claim, demand, suit or cause
     of action with attorneys of its own selection. In any instance to which
     the foregoing indemnities pertain, the Licensee shall keep the Licensor
     fully advised of all developments and shall not enter into a settlement of
     any such claim or action without the Licensor's prior written approval,
     which shall not be unreasonably withheld.

     (c)  The Licensor hereby agrees to be solely responsible for, defend, hold
     harmless, exonerate and indemnify the Licensee, its directors, officers,
     employees, agents and other representatives from and against any losses,
     damages and expenses (including reasonable attorney's fees and
     disbursements) arising out of, or resulting from:

          (i)    a judgment resulting from a claim that the use of the Property
                 as authorized in this Agreement violates or infringes upon the
                 trademark, copyright or other rights of a third party in or to
                 the Property; or

          (ii)   a breach of this Agreement by the Licensor.

     (d)  The Licensor shall be given prompt written notice of and shall have
     the right to undertake and conduct the defence of any such claim, demand,
     suit or cause of action.  The Licensor shall have the right to defend any
     such claim, demand, suit or cause of action with attorneys of its own
     selection, such attorneys not to be selected without the prior written
     approval of the Licensee, which approval shall not be unreasonably
     withheld.  Should the Licensor decide not to defend such claim, demand,
     suit or cause of action, the Licensee shall have the right to defend the
     claim, demand, suit or cause of action with attorneys of it own selection.
     In any instance to which the foregoing indemnities pertain, the Licensor
     shall keep the Licensee fully advised of all developments and shall not
     enter into a settlement of any such claim or action without the Licensee's
     prior written approval, which shall not be unreasonably withheld.

16.  INSURANCE

     (a)  The Licensee shall, throughout the Term of this Agreement, obtain and
     maintain at its own cost and expense from a qualified insurance company
     acceptable to the Licensor acting reasonably, standard Product Liability
     Insurance, the form of which must be acceptable to the Licensor, naming the
     Licensor as an additional named insured. Such policy shall provide
     protection against any and all claims, demands and causes of action arising
     out of any defects or failure to perform, alleged or otherwise, of the
     Licensed Products, the Promotional and Packaging Materials or any material
     used in connection therewith or any use thereof. The amount of coverage
     shall be a minimum of Two Million Dollars ($2,000,000) combined single
     limit, with no deductible amount, for each single occurrence for bodily
     injury and for property damage.

<PAGE>
                                       19

     The policy shall provide for a minimum of ten (10) days prior written
     notice to the Licensor from the insurer by registered or certified mail,
     return receipt requested, in the event of any proposed modification,
     cancellation or termination. The Licensee agrees to furnish the Licensor
     with a certified copy of a certificate of insurance (the "Product
     Liability Certificate") evidencing same within thirty (30) days after
     execution of this Agreement and in no event shall the Licensee Exploit
     the Licensed Products prior to receipt by the Licensor of the Product
     Liability Certificate.

     (b)  The Licensee shall, throughout the Term of this Agreement, obtain and
     maintain at its own cost and expense from a qualified insurance company
     acceptable to the Licensor acting reasonably, standard Advertiser's
     Liability Insurance, the form of which must be acceptable to the Licensor,
     naming Licensor as an additional named insured. The amount and coverage
     shall be a minimum of Two Million Dollars ($2,000,000) with no deductible
     amount.  The policy shall provide for a minimum of ten (10) days prior
     written notice to the Licensor from the insurer by registered or certified
     mail, return receipt requested, in the event of any proposed modification,
     cancellation or termination. The Licensee agrees to furnish the Licensor
     with a certified copy of a certificate of insurance (the "Advertiser's
     Liability Certificate") evidencing same within thirty (30) days after the
     date of execution of this Agreement and in no event shall the Licensee
     Exploit the Licensed Products prior to the receipt by the Licensor of the
     Advertiser's Liability Certificate.

17.  EXPLOITATION BY THE LICENSEE

     (a)  The Licensee agrees to commence distribution, shipment and retail sale
     of all of the Licensed Products in commercially reasonable quantities in
     each of the countries within the Licensed Territory by December 1, 1999.
     The Exploitation of all Licensed Products shall at all times be conducted
     in accordance with all applicable laws.

     (b)  The Licensee further agrees that during the entire Term of this
     Agreement, the Licensee will continue to diligently and continuously
     distribute, ship and sell all of the Licensed Products throughout the
     Licensed Territory and that it will use its best efforts to make and
     maintain adequate arrangements for the distribution, shipment and sale
     necessary to meet the demand for all such Licensed Products throughout the
     Licensed Territory. The Licensee further agrees to exercise all reasonable
     efforts to advertise and promote the Licensed Products at its own expense
     throughout the Term as widely as practicable within the Licensed Territory
     to the best advantage and enhancement of the Property.

     (c)  The Licensee agrees that the Licensed Products will be sold, shipped
     and distributed outright, at a competitive price that does not exceed the
     price generally and customarily charged in the particular trade, and not on
     an approval, consignment, or sale or return basis. The Licensee will not

<PAGE>
                                       20

     discriminate against the Licensed Products by granting commissions or
     discounts to salesmen, dealers or distributors in favour of the Licensee's
     other products. The Licensee agrees that the Licensed Products will only be
     sold to retail stores and merchants for sale, shipment and distribution
     direct to the public, or to jobbers, wholesalers and distributors for sale,
     shipment and distribution to retail stores and merchants. If any Licensed
     Products are sold for the Licensee by an agent, distributor or other third
     party, the agreement between the third party and the Licensee must require,
     and the Licensee must ensure, that the third party complies with all of the
     provisions of this Agreement as though the third party were the Licensee.

     (d)  Unless specifically authorized in advance by the Licensor in writing,
     the Licensee shall make available for purchase Licensed Products featuring
     the names and likenesses of a minimum of twenty (20) different Players on
     the Licensed Products during each year of this Agreement with no less than
     four (4) different Players being featured in each Licensed Product.

18.  PREMIUMS, PROMOTIONS AND SECONDS

     (a)  The Licensee shall not utilize or license third parties to utilize any
     of the Licensed Products in connection with any premium, giveaway, mail
     order, sales at arenas, promotional arrangement or fan club without the
     prior written approval of the Licensor.

     (b)  The Licensee agrees not to offer for sale, sell, ship, advertise,
     promote, distribute or use for any purpose whatsoever or to permit any
     third party to offer for sale, sell, ship, advertise, promote, distribute
     or use for any purpose whatsoever any Licensed Product or Promotional and
     Packaging Material relating to the Licensed Products which is (i) damaged,
     defective, seconds or otherwise fails to meet the specifications and
     quality standards or trademark, patent, copyright and other intellectual
     property usage and notice requirements of this Agreement (collectively, the
     "Damaged Products"), or (ii) to be sold as a package with, tied to or in
     conjunction with any other products or services.  Disposition of Damaged
     Products shall be conducted in a manner to be agreed upon by the Licensor
     and the Licensee, both acting in good faith.

19.  ASSIGNABILITY AND SUBLICENSING

     (a)  The License granted hereunder is and shall be personal to the Licensee
     and shall not be assigned in whole or in part by any act of the Licensee or
     by operation of law or otherwise encumbered. This License shall be subject
     to immediate termination by the Licensor upon the occurrence of a change of
     control of the Licensee without the prior written approval of the Licensor
     having been first obtained. The Licensee shall not have the Licensed
     Products manufactured for the Licensee by a third party nor grant any
     sublicense unless the Licensee first obtains the Licensor's prior written
     approval and such manufacturer shall have signed an agreement in the form

<PAGE>
                                       21

     attached hereto as Schedule "G". Any attempt on the part of Licensee to
     arrange for manufacture by a third party or to sublicense or assign to
     third parties its rights in whole or in part under this Agreement without
     the prior written approval of the Licensor shall constitute a material
     breach of this Agreement and shall result in the right of the Licensor to
     immediately terminate this Agreement at its option.

     (b)  The Licensor shall have the right to assign its rights and obligations
     under this Agreement without the approval of the Licensee.

20.  TERMINATION

          The following termination rights are in addition to the termination
     rights provided elsewhere in this Agreement:

     (a)  IMMEDIATE RIGHT OF TERMINATION - The Licensor shall have the right to
     immediately terminate this Agreement by giving written notice to the
     Licensee if the Licensee does any of the following:

          (i)    Uses any Property, Exploits in any way any Licensed Product or
                 uses Promotional and Packaging Material without having the
                 prior written approval of the Licensor as provided for by the
                 provisions of this Agreement or continues to use any Property,
                 Exploit in any way any Licensed Product or use Promotional and
                 Packaging Material after receipt of notice or deemed notice
                 from the Licensor disapproving or withdrawing approval of same;

          (ii)   Becomes subject to any voluntary or involuntary order of any
                 governmental agency involving the recall of any of the Licensed
                 Products or Promotional and Packaging Material because of
                 safety, health, environmental or other hazards or risks to the
                 public;

          (iii)  It or its controlling shareholders or any of their officers,
                 directors or employees take any actions in connection with the
                 use of the Property, the Exploitation of the Licensed Products
                 or the use of the Promotional and Packaging Material which in
                 the reasonable opinion of the Licensor, damages or reflects
                 adversely upon the Licensor or the Property;

          (iv)   Breaches any of the provisions of this Agreement relating to
                 the unauthorized assertion of rights in and to the Property;

          (v)    Two or more times during a twelve month period fails to make
                 timely payment of Royalties or Guaranteed Minimum Royalties
                 when due or fails to make timely submissions of Royalty
                 Statements when due;

<PAGE>
                                       22

          (vi)   Breaches any of the provisions of this Agreement prohibiting
                 the Licensee from directly or indirectly arranging for the
                 manufacture by third parties, permitting a change of control of
                 the Licensee, or assigning, transferring, sublicensing or
                 otherwise encumbering this Agreement or any of its rights or
                 obligations hereunder;

          (vii)  Fails to obtain or maintain product liability or advertising
                 insurance as required by the provisions of this Agreement; or

          (viii) Files a petition in bankruptcy or is adjudicated a bankrupt, or
                 if a petition in bankruptcy is filed against the Licensee or if
                 the Licensee becomes insolvent, or makes an assignment for the
                 benefit of its creditors or an arrangement pursuant to any
                 bankruptcy laws, or if Licensee discontinues its business, or
                 if a receiver is appointed for it or its business. In the event
                 of such termination, neither Licensee nor its receivers,
                 representatives, trustees, agents, administrators, successors
                 or assigns shall have any right to sell, exploit or in any way
                 deal with the Property, the rights granted hereunder or with
                 any Licensed Product or Promotional and Packaging Material.

     (b)  IMMEDIATE RIGHT TO TERMINATE A PORTION OF THE AGREEMENT - The Licensor
     shall have the right to immediately terminate the portion(s) of this
     Agreement relating to any Licensed Product(s) and any country or countries
     in the Licensed Territory in connection with which the Licensee, for any
     reason, fails to commence sale, shipment and distribution of any such
     Licensed Product(s) in any such country or countries in accordance with the
     terms of this Agreement.

     (c)  RIGHT TO TERMINATE ON NOTICE - Without limiting the applicability of
     paragraphs 20(a) or 20(b), on occurrence of one of the following events,
     this Agreement may be terminated upon thirty (30) days written notice,
     provided that during the thirty (30) day period the defaulting party fails
     to cure the breach:

          (i)    The Licensor shall have the right to terminate the portion(s)
                 of this Agreement relating to any Licensed Product(s) and any
                 country or countries in the Licensed Territory if the Licensee,
                 for any reason, after the commencement of Exploitation of such
                 Licensed Product(s) in such country or countries, fails to
                 continue to Exploit such Licensed Product(s) in commercially
                 acceptable quantities in such country or countries for two
                 consecutive Royalty Periods.

<PAGE>
                                       23

          (ii)   The Licensor shall have the right to terminate this Agreement
                 if the Licensee violates any of its obligations under this
                 Agreement including, without limitation, its payment
                 obligations.

          (iii)  Either party shall have the right to terminate this Agreement
                 in the event that the other party commits a material breach of
                 any other provision of this Agreement.

21.  POST-TERMINATION AND EXPIRATION RIGHTS AND OBLIGATIONS

     (a)  If this Agreement is terminated under paragraph 20(a), (c)(ii) or
     (c)(iii), the Licensee and its creditors, receivers, representatives,
     trustees, agents, administrators, successors and permitted assigns of the
     Licensee shall have no right to use the Property, Exploit the Licensed
     Products or use in any way any Promotional and Packaging Material relating
     to the Licensed Products.  Upon any such termination, the Licensee shall
     forthwith deliver all Licensed Products remaining on hand to the Licensor.
     The Licensor may dispose of such Licensed Products at its discretion.

     (b)  Upon termination or expiration of this Agreement, as the case may be,
     notwithstanding anything to the contrary herein, all Royalties on sales,
     shipments and/or distributions theretofore made shall become immediately
     due and payable and no Guaranteed Minimum Royalty paid to the Licensor
     shall be refunded. The obligation to pay outstanding Guaranteed Minimum
     Royalties shall not be extinguished by any termination or expiration of
     this Agreement. In the event of the termination of this Agreement by the
     Licensor under paragraph 20(a), (c)(ii) or (c)(iii), the Licensee shall
     immediately pay to the Licensor as liquidated damages all Guaranteed
     Minimum Royalties agreed to be paid hereunder to the end of the Term.

     (c)  After termination or expiration of this Agreement, as the case may be,
     under any provision other than paragraph 20(a), (b) or (c), the Licensee
     shall immediately cease to manufacture the Licensed Products, provided that
     the Licensee may dispose of or liquidate the Licensed Products which are on
     hand at the time notice of termination is received or upon the expiration
     of the Term for a period of ninety (90) days after notice of termination or
     such expiration, as the case may be, and further provided that the
     Royalties with respect to that period are paid, and the appropriate
     statements with respect to that period are furnished, in accordance with
     the provisions hereof.  Amounts paid as Guaranteed Minimum Royalties during
     the Term of this Agreement shall not be used to reduce any Royalties that
     may become payable on sales of Licensed Products during this 90-day period.
     During such ninety (90) day period, the Licensor may itself use or license
     the use of the Property in any manner and at any time anywhere in the
     world, as the Licensor sees fit.  Any Licensed Products remaining on hand
     at the end of the

<PAGE>
                                       24

     90-day sell-off period shall be sent forthwith to the Licensor.  The
     Licensor may dispose of such Licensed Products at its discretion.

     (d)  After the expiration or termination of this Agreement, all rights
     granted to the Licensee shall forthwith revert to the Licensor who shall be
     free to license others to use the Property in connection with the
     Exploitation of the Licensed Products and the use of the Promotional and
     Packaging Material, and the Licensee shall refrain from further use of the
     Property or any further reference to it, either directly or indirectly, in
     connection with any use of any of the Licensed Products. The Licensee shall
     further turn over to the Licensor all artwork, films, transparencies,
     separations, printing plates, screens, molds and other materials and
     devices (collectively the "Reproduction Materials and Devices") which
     reproduce the Licensed Products and the Promotional and Packaging Material,
     or shall give the Licensor satisfactory evidence or assurance that such
     materials and devices will no longer be used to reproduce the Licensed
     Products or Promotional and Packaging Material. The Licensee shall be
     responsible to the Licensor for any damages caused by the unauthorized use
     by the Licensee or by others of the Reproduction Materials and Devices.

     (e)  The Licensee acknowledges that its failure to cease the use of the
     Property, the Exploitation of the Licensed Products and the use in any way
     of the Promotional and Packaging Material relating to the Licensed Products
     at the termination or expiration of this Agreement will result in immediate
     and irreparable damage to the Licensor and to the rights of any subsequent
     licensee of the Licensor. The Licensee acknowledges and admits that there
     is not an adequate remedy at law for failure to cease such activities and
     the Licensee agrees that in the event of such failure, the Licensor shall
     be entitled to equitable relief by way of injunctive relief and such other
     relief as any court with jurisdiction may deem just and proper.

22.  FINAL STATEMENT UPON TERMINATION OR EXPIRATION

          Within fifteen (15) days after termination or expiration of this
     Agreement, as the case may be, the Licensee shall deliver to the Licensor a
     statement (the "Inventory Statement") indicating the number and description
     of the Licensed Products which it had on hand or in the process of
     manufacturing as of the expiration or termination date. The Licensor shall
     have the option of conducting a physical inventory during normal business
     hours at the time of expiration or termination or at a later date in order
     to ascertain or verify the Inventory Statement. In the event that the
     Licensee refuses to permit the Licensor to conduct such physical inventory,
     the Licensee shall forfeit its rights hereunder to dispose of such
     inventory. In addition to such forfeiture, the Licensor shall have recourse
     to all other remedies available to it.

<PAGE>
                                       25

23.  RECITALS

          The parties hereto acknowledge and agree that the recitals contained
     in this Agreement are true and correct as of the date first above written.

24.  NOTICES

          All notices or other communications or deliveries required or desired
     to be sent to either party shall be in writing and sent by registered or
     certified mail, postage prepaid, return receipt requested, by prepaid
     courier, or by facsimile charges prepaid to the following addresses:

     If to the Licensor:      NHLPA
                              777 Bay Street
                              Suite 2400
                              Toronto, ON  M5G 2C8
                              Attention: Ted Saskin
                              Telecopier No. (416) 408-3685

     If to the Licensee:      Ultimate Sports Entertainment Inc.
                              2444 Wilshire Blvd.
                              Suite 414
                              Santa Monica, CA     90403
                              Attention:  Rick Licht
                              Telecopier No.  (310) 829-9596

     Either party may change such address by notice in writing to the other
     party.

25.  RELATIONSHIP OF THE PARTIES

          This Agreement does not create a partnership or joint venture between
     the parties and the Licensee shall have no power to obligate or bind the
     Licensor in any manner whatsoever.

26.  APPLICABLE LAW AND DISPUTES

     (a)  Choice of Law. This Agreement shall be governed by the laws of
     Ontario, Canada. It is further agreed that all disputes, controversies or
     differences whatsoever arising under, in connection with, or incidental to
     the business relationship of which this Agreement is a part shall be
     governed exclusively by the laws of the Province of Ontario and the laws of
     Canada applicable therein except to the extent forbidden by the public
     policy of the Licensee's home province or state; Licensee hereby expressly
     waives any other benefit, use or right to which it might otherwise be
     entitled under the laws of any province, state or nation other than the
     Province of Ontario and Canada.

     (b)  Choice of Forum.

<PAGE>
                                       26

          (i)    It is hereby agreed by and between the parties to this
                 Agreement that, subject to the exception set forth in
                 subparagraph (ii) hereof, all disputes, controversies or
                 differences whatsoever arising under, in connection with, or
                 incident to this Agreement or the business relationship of
                 which this Agreement is a part shall be litigated, if at all,
                 exclusively in and before a court located in the Province of
                 Ontario, Canada, and in no other court of any other province,
                 state or nation. Further, Licensee hereby attorns to the
                 jurisdiction and judgment of the courts of the Province of
                 Ontario, Canada, and agrees that any judgment or other ruling
                 issued by an Ontario court shall be enforceable in any other
                 jurisdiction in which the Licensee may be found or may have
                 assets.

          (ii)   The Licensor may bring suit against the Licensee in a forum
                 other than Ontario, Canada provided that: (A) such suit is
                 solely for an injunction to enforce the terms and conditions of
                 this Agreement and is not for damages; (B) such suit is brought
                 against the Licensee in a Canadian province or territory, or in
                 an American state or district, in which the Licensee is doing
                 business; and (C) the Licensee is not a resident of Ontario
                 and/or would not otherwise be directly subject to an injunction
                 issued by an Ontario court.

27.  CAPTIONS

          The captions used in connection with the paragraphs and subparagraphs
     of this Agreement are inserted only for purpose of reference. Such captions
     shall not be deemed to govern, limit, modify or in any other manner affect
     the scope, meaning or intent of the provisions of this Agreement or any
     part hereof nor shall such captions otherwise be given any legal effect.

28.  WAIVER

     (a)  No waiver by either party of a breach or a default hereunder shall be
     deemed a waiver by such party of a subsequent breach or default of a like
     or similar nature.

     (b)  Resort by either party hereto to any remedies referred to in this
     Agreement or arising by reason of a breach of this Agreement by the other
     party shall not be construed as a waiver by the non-breaching party of its
     right to resort to any and all other legal and equitable remedies available
     to such party. Further, failure on the part of either party to resort to
     any remedies referred to herein shall not be construed as a waiver of any
     other rights and remedies to which such party is entitled, whether under
     the terms of this Agreement or otherwise.

<PAGE>
                                       27

29.  SURVIVAL OF THE RIGHTS

          Notwithstanding anything to the contrary contained herein, such
     obligations which remain executory after the termination hereof by
     expiration of the Term of this Agreement, or otherwise, shall remain in
     full force and effect until discharged by performance and such rights as
     pertain thereto shall remain in force until their expiration.

30.  SEVERABILITY

          In the event that any term or provision of this Agreement shall for
     any reason be held to be invalid, illegal or unenforceable in any respect,
     such invalidity, illegality or unenforceability shall not affect any other
     term or provision and this Agreement shall be interpreted and construed as
     if such term or provision, to the extent that same shall have been held to
     be invalid, illegal or unenforceable, had never been contained herein.

31.  TIME OF THE ESSENCE

          Time is of the essence with respect to all aspects of this Agreement.
     Extension, waiver or variation of any provision of this Agreement shall not
     be deemed to affect this provision and there shall be no implied waiver of
     this provision.

32.  COUNTERPARTS

          This Agreement may be executed in one or more counterparts, each of
     which shall be deemed an original and all of which, taken together, shall
     constitute one and the same instrument.

33.  ENTIRE AGREEMENT

          This Agreement represents the entire understanding between the parties
     hereto with respect to the subject matter hereof and this Agreement
     supersedes all previous representations, understanding or agreements, oral
     or written, between the parties with respect to the subject matter hereof
     and cannot be modified except by a written instrument signed by the parties
     hereto.

<PAGE>
                                       28

     By their execution below, the parties hereto have agreed to all of the
terms and conditions of this Agreement.

                                       ULTIMATE SPORTS ENTERTAINMENT INC.

                                       per: /s/ Frederick R. Licht
                                           ------------------------------
                                           Rick Licht

                                       NATIONAL HOCKEY LEAGUE PLAYERS'
                                       ASSOCIATION

                                       per: /s/Ted Saskin
                                           ------------------------------
                                           Ted Saskin
                                           Senior Director
                                           Business Affairs and Licensing

<PAGE>

                                     SCHEDULE A

                            DESCRIPTION OF THE PROPERTY

The trademarks of the Licensor as set forth in Schedule "B" and the names,
nicknames, likenesses, pictures, photographs, facsimiles, signatures,
descriptions, playing records, voices, biographical sketches and other
indicia and identifying characteristics and marks of all Players who have
executed a Group Licensing Authorization Agreement.

<PAGE>

                                     SCHEDULE B

                                 LIST OF TRADEMARKS

1.   National Hockey League Players' Association

2.   NHLPA

3.   Logo of NHLPA

<PAGE>

                                    SCHEDULE C

                             LIST OF LICENSED PRODUCTS

Hockey only comic book type publication featuring at least four (4) different
Players in each publication.

<PAGE>

                                     SCHEDULE D

                                 LICENSED TERRITORY

                                     Worldwide

<PAGE>

                                     SCHEDULE E

                                  LOGO OF LICENSOR

<PAGE>

                                SCHEDULE F - PAGE 1

         ROYALTY REPORT FOR THE NATIONAL HOCKEY LEAGUE PLAYERS' ASSOCIATION

<TABLE>
<S>                                    <C>                                <C>
Licensee:                              Date Prepared:                     Prepared By:
         -------------------------                   -----------------                ------------------
Address:                               Period Covered:                    Signature:
         -------------------------                   -----------------                ------------------
                                       Contract Term:                     Print Name:
         -------------------------                   -----------------                ------------------
</TABLE>

<TABLE>
<CAPTION>
  MONTH        ROYALTY DUE     ROYALTY DUE     ROYALTY DUE    TOTAL ROYALTY    MINIMUM    TOTAL PAID   ROYALTY DUE
              98/99 PRODUCT   99/00 PRODUCT   00/01 PRODUCT        DUE        GUARANTEE
-----------   -------------   -------------   -------------   -------------   ---------   ----------   -----------
<S>           <C>             <C>             <C>             <C>             <C>         <C>          <C>
July
August
September
October
November
December
January
February
March
April
May
June
TOTALS:

</TABLE>

<PAGE>

                                SCHEDULE F - PAGE 2

         ROYALTY REPORT FOR THE NATIONAL HOCKEY LEAGUE PLAYERS' ASSOCIATION

                                       TOTALS

<TABLE>
<S>                                    <C>                                <C>
Licensee:                              Date Prepared:                     Prepared By:
         -------------------------                   -----------------                ------------------
Address:                               Period Covered:                    Signature:
         -------------------------                   -----------------                ------------------
                                       Contract Term:                     Print Name:
         -------------------------                   -----------------                ------------------
</TABLE>

<TABLE>
<CAPTION>
MONTH              GROSS SALES     DISCOUNTS     RETURNS     NET SALES
----------         -----------     ---------     -------     ---------
<S>                <C>             <C>           <C>         <C>
July
August
September
October
November
December
January
February
March
April
May
June
TOTALS:

</TABLE>

<PAGE>

                                SCHEDULE F - PAGE 3

         ROYALTY REPORT FOR THE NATIONAL HOCKEY LEAGUE PLAYERS' ASSOCIATION

<TABLE>
<S>                                    <C>                                <C>
Licensee:                              Date Prepared:                     Prepared By:
         -------------------------                   -----------------                ------------------
Address:                               Period Covered:                    Signature:
         -------------------------                   -----------------                ------------------
                                       Contract Term:                     Print Name:
         -------------------------                   -----------------                ------------------
</TABLE>

<TABLE>
<CAPTION>
ITEM DESCRIPTION   STOCK      WHOLESALE   QUANTITY   GROSS    LESS       LESS      NET SALES   ROYALTY   ROYALTY DATE
 98/99 PRODUCT     NUMBER     PRICE PER   SHIPPED    SALES   RETURNS   PERMITTED                RATE
                                UNIT                                   DISCOUNTS
----------------   ------     ---------   --------   -----   -------   ---------   ---------   -------   ------------
<S>                <C>        <C>         <C>        <C>     <C>       <C>         <C>         <C>       <C>

TOTALS:

</TABLE>

<PAGE>

                                     SCHEDULE G

                              MANUFACTURER'S AGREEMENT

Licensee:            Ultimate Sports Entertainment Inc.

Licensed Territory:  Worldwide

Licensed Products:   Hockey only comic book type publication featuring at least
                     four (4) different Players in each publication

The undersigned understands that the National Hockey League Players'
Association ("NHLPA") has authorized the above-named Licensee to manufacture
the above named Licensed Products utilizing certain names, logos, symbols,
likenesses, signatures, pictures, descriptions, playing records and
biographical sketches which are the property of NHLPA ("the Rights"). In
order to induce NHLPA to consent to the manufacture of the Licensed Products
by the undersigned, the undersigned agrees that, without the prior written
consent of NHLPA in each instance, it will not manufacture the Licensed
Products for anyone but the Licensee; that it will not sell the Licensed
Products to anyone but the Licensee; that it will not knowingly manufacture
the Licensed Products for distribution in any territory other than the
above-named Licensed Territory; that it will not (unless NHLPA otherwise
consents in advance in writing) manufacture any other merchandise utilizing
any aspect of the Rights; that it will permit such representatives as NHLPA
may from time to time designate to inspect the activities of the undersigned
in relation to its manufacture of the Licensed Products; and that whenever
the Licensee ceases to require the undersigned to manufacture the Licensed
Products, the undersigned will return to the Licensee any molds, plates,
engravings, screens, or other devices used to reproduce any of the Rights, or
at the direction of the Licensee will give satisfactory evidence or assurance
to the Licensor that such devices will no longer be used to reproduce the
Licensed Products. NHLPA shall be entitled to invoke any remedy permitted by
law for violation of this agreement by the undersigned.

                                       [NAME OF MANUFACTURER]:

                                       By:
                                          ----------------------------
                                       Title:
                                             -------------------------<PAGE>

DIAMOND                       SUPPLIER INFORMATION SHEET
COMIC DISTRIBUTOR, INC.

Dear Vendor,

   The below is our understanding of the terms of sales between Diamond Comic
Distributors Inc., and your company.  If you are in agreement with these
terms, we ask that you sign below, and return this form to us at your
earliest convenience.

   If for any reason you disagree with any part of the supplier information
terms sheet, please contact your Branch Manager at (410) 560-7100 for
clarification, or draft what you believe your terms to be, and either return
with this form to the address below, or fax it to (410) 560-7148.

/s/Paul Fairchild                      Publisher          08/27/99
------------------                     ---------          --------
Supplier Signature                     Title              Date

Company Name:  Ultimate Sports Entertainment, Inc.
Check should be made payable to:   Ultimate Sports Entertainment, Inc.
Remittance Address: 2444 Wilshire Blvd. Suite 414
                    Santa Monica, CA 90403
Contact: Paul Fairchild   Title: Paul Fairchild
Phone: 310-829-9590  Fax: 310-829-9590  E-mail Address: glasschild@earthlink.net

Contact for shipping problem (if different from above):     Title:
Phone:                        Fax:           E-mail Address:
Advertising Contact: Same     Fax: Same      E-mail Address: Same

DISCOUNT/TERMS:

BASE DISCOUNT: 60%                     NET COST:
BILLING TERMS: Net 30
EARLY PAYMENT DISCOUNT/TERMS:
SUPPLIER DOES NOT OFFER ANY EARLY PAYMENT DICOUNT AT THIS TIME:
COMMENTS:

SHIPPING TERMS:

Plus Freight:   Freight Paid:   Freight Rebate: 2%   Freight Allowance:
Freight on Board:

Manufactured at:  Quebecor
Phone:                               Fax:                  E-mail Address:
Shipped from (if different from manufactured at)

Phone:                               Fax:                  E-mail Address:
Contact for transportation/Pick-up options
Phone:                               Fax:                  E-mail Address:

ORDERING INFORMATION:
Do we have to order in increments/case qty's? If so, what amount?   N/A
How many shipping points do you allow?   Reorders to all locations
Dropship requirements/minimums: None
Reorder increments/minimums: None

<PAGE>

Diamond
Comic Distributors, Inc.                             SUPPLIER INFORMATION SHEET

Company Name: Lobito Publishing Co./DBA Allstar Arena

Check Payable to:  Lobito Publishing Co.

Address:  6565 Sunset Blvd. Suite 418
          Los Angeles, CA 90028

Contact:  Joe Yukich

Phone: 213-467-4441                  Fax #:  213-467-0464

      Contact for shipping problems:

Phone:                                          Fax #:

DISCOUNT/TERMS:

DISCOUNT:     60%                                      NET COST:

TERMS:  30 DAYS
INCENTIVE DISC/TERMS:
COMMENTS:
PUBLISHER DATABASE:

SHIPPING TERMS:

Plus frt.       Frt. paid            Frt. Rebate           Frt. Allow 2%

Manufactured at:  Quebecor
or Shipped from:

ORDERING INFORMATION

Do we have to order in increments/case qty.'s?  If so, what amount?  None
How many shipping points will the publisher allow?  All on reorders
Dropship requirements/minimums: none

Dear Vendor:

   The above is our understanding of the terms and sale between Diamond Comic
Distributors Inc., and your company.  If you are in agreement with these
terms we ask that you sign below, and return this form to us at your earliest
possible convenience.

    If for any reason you disagree with any part of the supplier information
terms form, please contact Tom Stormonth at (410) 560-7100 for clarification,
or draft what you believe your terms to be, and either return with this form
to the above address, or fax it to (410) 560-7148.

Signature   /s/Joseph Yukich          Title  Vice President      Date  12/1/97
          --------------------             ------------------        -----------

<PAGE>

            DIAMOND COMIC DISTRIBUTORS NEW COMIC PUBLISHERS INFORMATION
                              (UPDATED JULY 13, 1999)

<TABLE>
<S>                                                                               <C>
OVERVIEW . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .2
PREVIEWS . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .2
PREVIEWS ADULT . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .2
Order Forms. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .2
DIAMOND DATELINE . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .3
DIAMOND DIALOGUE . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .3
DIAMOND'S PHILOSOPHIES . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .3
CONTACT INFORMATION. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .4
CREATING A SUBMISSIONS PACKAGE . . . . . . . . . . . . . . . . . . . . . . . . . . .4
Samples. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .4
Proposed Terms of Sale . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .5
Product Information Sheet. . . . . . . . . . . . . . . . . . . . . . . . . . . . . .5
Cover Graphics . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .7
Press Releases . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .8
CONTINUING SOLICITATIONS . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .8
PREVIEWS 1999 PUBLISHING SCHEDULE-EXPLANATION OF TERMS . . . . . . . . . . . . . . .8
PROMOTIONAL OPPORTUNITIES. . . . . . . . . . . . . . . . . . . . . . . . . . . . . .9
Advertisements . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 10
Catalog Flyer Pack Inserts . . . . . . . . . . . . . . . . . . . . . . . . . . . . 10
Targeted Distribution of Promotional Materials . . . . . . . . . . . . . . . . . . 10
Targeted Mailings. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 11
Discount Group Average Reports . . . . . . . . . . . . . . . . . . . . . . . . . . 11
Mass E-mails . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 11
Order Form Incentives. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 12
Other Services . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 12
Promoting Outside of Diamond . . . . . . . . . . . . . . . . . . . . . . . . . . . 12
DIAMOND POLICIES . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 13
Order Adjustments. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 13
Returnability. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 13
BRIEF LIST OF COMIC BOOK PRINTERS. . . . . . . . . . . . . . . . . . . . . . . . . 14
LIST OF OTHER INDUSTRY PUBLICATION . . . . . . . . . . . . . . . . . . . . . . . . 14
SAMPLE SOLICITATION. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 15
BLANK PRODUCT INFORMATION SHEET. . . . . . . . . . . . . . . . . . . . . . . . . . 16

</TABLE>

                                       1

<PAGE>

OVERVIEW

Thank you for choosing Diamond Comic Distributors as part of your
distribution network. Diamond Comic Distributors is the largest distributor
of English-language comics in the world and the exclusive distributor to
comic book retailers for comic book retailers for Dark Horse Comics, DC
Comics, Image Comics, and Marvel Comics. With five Distribution Centers and
13 dropship points in the continental United States and a facility in the
United Kingdom, Diamond services over 4500 retail accounts worldwide. By
offering you numerous editorial and promotional opportunities to reach those
retailers, we are confident that you will be satisfied with both Diamond's
distribution and marketing capabilities.

Please take some time to thoroughly read these materials. This package
includes several useful tools for comic publishers. This pamphlet contains
guidelines for creating a submissions package, insights into the comic
industry, promotional ideas, and an introduction to some of Diamond's
services and policies. In addition to this pamphlet, you will find a DIAMOND
ADVERTISING & MARKETING SERVICES RATE CARD, an AD SPECIFICATIONS CARD, and a
PREVIEWS PUBLISHING SCHEDULE.

PREVIEWS

Diamond rarely makes purchases in advance. Rather, we solicit our customers
for orders, compile the numbers, and base our Purchase Orders on the feedback
that we receive. Our Purchase Orders may also request extra inventory for
Diamond in anticipation of subsequent retailer orders. Our main vehicle for
soliciting products to our customers is PREVIEWS. Published monthly, PREVIEWS
is a 400+ page catalog containing information on new comic books, graphic
novels, trading cards, videos, toys, and other comic book-related
merchandise. In addition to providing comic book retailers with the a copy of
the catalog to order from, Diamond also makes available bulk copies of
PREVIEWS to sell to consumers.

Being available to consumers as well as retailers, PREVIEWS has a print run
of roughly 90,000 copies. Because PREVIEWS is the main vehicle for
solicitations, it contains many advertising opportunities for suppliers.
PREVIEWS ads are some of the most cost-effective advertisements in the
industry.

PREVIEWS solicits for products two months in advance. Our January cover date
PREVIEWS has listings for products scheduled to ship in March. Many of the
products solicited in PREVIEWS, comic books and graphic novels included, have
not been produced at that time. Based on retailer orders through PREVIEWS,
Diamond will issue your Purchase Orders roughly two weeks before the
beginning of the month that your products are solicited to ship in. Diamond
buys and sells products on a non-returnable basis, hence our suppliers know
that our sales are final. Knowing what we will order in advance can help you
to determine your print quantities and allocate your production resources in
the most effective way possible.

PREVIEWS ADULT

For products that are intended for more mature audiences, we publish a
monthly supplement to PREVIEWS called PREVIEWS ADULT. Like PREVIEWS, it is
available to both retailers and consumers of legal age. This supplement,
provides more extensive descriptions and graphics of products we carry that
are adult-oriented.

ORDER FORMS

Our customers order products through PREVIEWS using an order form provided by
Diamond. PREVIEWS is directed at consumers, yet it contains much information
that our retailers need that consumers do not. Some information, such as our
pricing and retailer buying incentives, is better left out of consumer
targeted publications. The PREVIEWS RETAILER ORDER FORM is our primary means
to convey our pricing, terms of sale, and other retailer-oriented
information. It is also a tool that we use to solicit retailer-specific
items, such as retailer incentives and Retailer Resources (our selection of
products devoted to comic book racks, books on succeeding in small business,
and other items that help retailers run their businesses).

PREVIEWS is a sales tool for our retailers. Consumers often want to order
specific items in PREVIEWS that their comic book retailer may not have
intended on ordering. For this purpose, we publish a PREVIEWS CONSUMER ORDER
FORM, which retailers pass out to consumers who buy PREVIEWS for special
orders.

                                       2
<PAGE>

Advertising opportunities are available to publishers in both PREVIEWS ORDER
FORMS.

DIAMOND DATELINE

Diamond's weekly retailer newsletter, DIAMOND DATELINE, contains
up-to-the-minute product changes and news stories. It updates
customers--before they place their orders--on content, price, shipping, and
creative or format changes. Additionally, it is a vehicle with which to
update retailers on late-breaking news stories which affect the industry or
products solicited in the most recent issue of PREVIEWS. Publishers may opt
to advertise in DIAMOND DATELINE or have a poster or flyer inserted into its
pages.

DATELINE also contains a solicitation opportunity, the PREVIEWS UPDATE, which
solicits for products outside of the normal PREVIEWS cycle. Being a weekly
publication, the turnaround time for orders on products solicited through
DIAMOND DATELINE is much quicker.

DIAMOND DIALOGUE

DIAMOND DIALOGUE is our full-color, monthly news magazine that we use to
promote exciting new products and convey industry happenings to our
customers. As with our other publications, advertising is available in
DIAMOND DIALOGUE, which is aimed at and distributed to retailers. DIAMOND
DIALOGUE is also distributed to all of the leading press organizations and
many of Diamond's largest suppliers.

DIAMOND'S PHILOSOPHIES

Founded in 1982, Diamond Comic Distributors has always been a service
oriented-company. We go to great lengths to provide the best service possible
to our comic book retailers. One way that we are able to service our
customers is by offering a diverse product mix. We supply our customers with
trading cards, toys, videos, role-playing and collectible card games,
international merchandise, and, of course, comics. We pride ourselves on the
product selection that we are able to offer. Each month, we offer hundreds of
new comics publications through PREVIEWS, allowing our customers, in turn, to
offer a diverse or specialized product mix to their customers.

Diamond's direct and indirect costs include editing and printing PREVIEWS,
issuing Purchase Orders, physically distributing products, issuing payments
to our suppliers, paying rent at our Distribution Centers and Home Office,
etc. If we do not feel that a specific product will reach our benchmark, we
may choose not to list it. If our goal for a product line is not being met,
we may choose to discontinue carrying it. The benchmark that we set for
comics being solicited through PREVIEWS is $2500 retail.

When we agree to distribute a comic or comic line, we make a commitment to
that series. We understand that it can take time for new products to catch
on, and we want to give promising new products time to find their audience.
Generally, we give comic series three to five issues to reach our benchmark
before we choose to discontinue it. If the series is below our benchmark but
exhibits a trend towards growth, we may choose to continue carrying it.

CONTACT INFORMATION

Below are the names, numbers, and e-mail addresses of the people you will
most likely be dealing with. If you have any questions on these materials,
feel free to the contact members of our Comic Purchasing staff. If you have
any questions about advertising space or specifications, please contact Steve
Bond.

<TABLE>
<CAPTION>
Name           Position                                Phone                   E-mail address
----           --------                                -----                   --------------
<S>            <C>                                     <C>                     <C>
Mark Herr      Purchasing Manager/Comics Team Leader   (410) 560-7112 x220     hmark@diamondcomics.com
Jim Kuhoric    Assistant Manager                       (410) 560-7112 x173     kjim@diamondcomics.com
Glen Folland   Senior Brand Manager                    (410) 560-7112 x353     fglen@diamondcomics.com
Steve Leaf     Brand Manager                           (410) 560-7112 x331     lsteve@diamondcomics.com
Chris Schaff   Brand Manager                           (410) 560-7112 x312     schris@diamondcomics.com

</TABLE>

                                       3
<PAGE>

<TABLE>
<S>            <C>                                     <C>                     <C>
Steve Bond     Advertising Services Manager            (530) 274-1805          bsteve@diamondcomics.com

</TABLE>

CREATING A SUBMISSIONS PACKAGE

To familiarize Diamond with your product and company, you should send us a
submissions package. This should include your proposed terms of sale, a
sample copy of the product that you would like Diamond to solicit, some basic
information about that product, cover art, and a press release. Remember that
one of your jobs as a publisher is sales. It is entirely possible that
Diamond will be one of your larger customers. As a businessperson dealing
with one of your larger customers, you will want to make your submissions
package as complete and professional as possible. First impressions can truly
be lasting impressions. A complete, professional submissions package could
mean the difference between a standard listing, a Spotlight in PREVIEWS, or
editorial coverage in DIAMOND DIALOGUE. An incomplete or unprofessional
submissions package may not provide Diamond with enough information to carry
your product.

Your submissions are reviewed by the five members of Diamond's Comics
Purchasing team and PREVIEWS Editor, Marty Grosser. From March of 1997 to
July of 1999, Diamond accepted 40% of the comics submitted. Many of the
submissions that were rejected by Diamond were sent to our Retailer
Submissions Board for a second opinion. Collectively, this board of retailers
has much experience in selling all types of comics from all sizes of
publishers. It assists Diamond in making recommendations on which items may
have been overlooked.

PLEASE BE SURE TO INCLUDE CONTACT INFORMATION WITH YOUR SUBMISSIONS PACKAGE,
SO THAT WE WILL BE ABLE TO INFORM YOU OF OUR DECISION. Please list the
contact person's name, their address and phone number. If that person has a
fax number or web or e-mail address, please include it as well.

SAMPLES

In order for Diamond to agree to carry any new comic from a new publisher, we
require that we see the product. YOUR SUBMISSIONS PACKAGE SHOULD CONTAIN A
COMPLETE COPY OF YOUR FIRST COMIC. A photocopied version is acceptable, but,
with the exception of advertisements and editorial pages, the comic must be
complete - LETTERED AND INKED. If you are producing a comic in color, it must
be completely colored before submitting it to Diamond. Sample copies of the
second and third comic books should be sent when they are ready to be
solicited through PREVIEWS. Sample copies sent to Diamond become property of
Diamond Comic Distributors, Inc. and will not be returned.

Beyond the first three issues, you should consider sending samples or sample
pages for new products that you would like Diamond's help promoting. Seeing
quality new offerings up front often assists us with our promotional and
editorial decisions.

PROPOSED TERMS OF SALE

Diamond distributes on a buy/sell basis. We purchase your products for one
price and sell them to our customers for another. Because we price our
products to our customers up front, we need to know, at the time of
solicitation, what our cost is. For comics, we generally work on a percentage
off of the cover price. Other aspects of trade terms-such as payment terms,
minimums and increments, and shipping responsibility-will be negotiated when
your comic is accepted and before it is solicited.

DISCOUNT-Diamond generally receives a discount in the range of 60%-70% off of
the US retail (cover) price. (We pay $0.30-$0.40 for a comic with a $1.00
cover price.) Please indicate your proposed discount with your terms of sale.

PAYMENT TERMS-Diamond's standard payment terms are 30 days, meaning we will
pay for your products 30 days after we receive them. We are capable of paying
sooner, but need an incentive to do so. Diamond is willing to consider early
payment incentives offered in the form of additional discount points. The
soonest we can pay for an item is 10 days after we receive it. PLEASE
REMEMBER THAT IN ORDER TO PAY FOR

                                       4
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ANY PRODUCT, WE MUST HAVE AN INVOICE TO PAY FROM. Please send invoices to the
attention of Accounts Payable at our Home Office in Timonium. Credit
references are available upon request.

MINIMUMS AND INCREMENTS-If you or your printer is only willing to ship a
minimum quantity at any one time to any one place, please let us know what
that minimum is with your proposed terms of sale. If there is an increment
(multiple) that we will need to adhere to, please let us know that as well.
We can structure our Purchase Orders to meet those minimums, but we need to
know this information before we solicit your product.

If we do not believe that we can meet your minimum, we will inform you during
the solicitation cycle. We recommend that new publishers do not enforce any
minimums or increments, as they limit the accessibility of their products to
retailers and consumers.

SHIPPING RESPONSIBILITY-Shipping charges to our Distribution Centers
traditionally are paid by the publisher. All shipments should include a
packing list referencing your company name, address, and phone number.
Packing lists should include the quantities and the names of the products
included with the shipment and should reference our purchase order numbers
from our orders to you.

Please keep in mind that our market is still primarily a collectors' market.
Special attention is required when choosing mailing cartons and packing your
shipments. Diamond will request replacements for damaged product. Damages can
slow down the distribution of and payment for your product.

Diamond has weekly pick-ups scheduled at Brenner Printing in San Antonio,
Texas and Impremeries Quebecor in Montreal, Quebec. In exchange for picking
up and distributing your product to our Distribution Centers, Diamond will
negotiate with you a freight rebate. The standard freight rebate is an
additional 2% off of the retail price.

PRODUCT INFORMATION SHEET

SOME BASIC INFORMATION SHOULD BE SENT TO DIAMOND FOR EVERY PRODUCT THAT YOU
WOULD LIKE DIAMOND TO SOLICIT. The information that we request will help us
to write a noteworthy description of your products, price them correctly to
our customers, export them into foreign countries, and prepare internally for
distribution. Although it may appear in other parts of your submissions
package, we ask that you summarize the information on one sheet for us. A
sample Product Information Sheet and a blank template are included at the end
of this pamphlet.

Your Product Information Sheet should include each of the following items:

-  TITLE
-  ISSUE NUMBER AND NUMBER OF ISSUES IN SERIES (IF APPLICABLE)
-  WRITERS' AND ARTISTS' NAMES
-  SYNOPSIS
-  INTENDED AUDIENCE
-  FORMAT (COLOR OR BLACK & WHITE, SIZE, AND PAGE COUNT)
-  RETAIL PRICE
-  PRINTER OR SHIPPING ORIGINATION
-  COUNTRY OF ORIGIN
-  SHIP DATE
-  UPC CODE (OPTIONAL)
-  LICENSING RESTRICTIONS (IF ANY)
-  SPECIAL DISCOUNT INFORMATION (IF ANY)

TITLE-This is the name of your comic book or graphic novel. Please keep your
titles consistent from month to month for limited and continuing series.
(i.e., If your comic is titled STONE MOUNTAIN GLADIATOR: RETURN OF DELILAH,
your title should be written as such on all solicitations. Subsequent issues
should not be abbreviated to STONE MOUNTAIN GLADIATOR.) Titles of story arcs
told within a series should be included in the synopsis, not the title.
(NOTE: Please keep the titles of your products to 45 characters or less. Our

                                       5
<PAGE>

computer system can only accept a fixed number of characters in each title,
after which the issue number and possibly title, are truncated. Truncated
information does not appear on Diamond internal reports or on our customers'
invoices. Diamond will abbreviate any titles that are too long for our
computer systems.)

ISSUE NUMBER-If it is a continuing or ongoing series of comic books, be sure
to include the issue number. If it is a limited series, please remind us with
each solicitation how many comics will be in the series [I.E., #3 (of 4)].

CREATORS' NAMES-We can give credits to the creative team that worked on the
comic being solicited. Often, the creators involved in the book are a selling
point. This is the type of useful information that Diamond wants to pass
along to its retailers who order from, and the consumers who read, PREVIEWS.

SYNOPSIS-Write a brief, objective description of your comic book. Diamond
will use your write-up as the foundation for what is written in PREVIEWS. In
many cases, we use the copy that you provide verbatim. This synopsis should
be two to three sentences. It should be an overview of the product that will
excite PREVIEWS readers and entice retailers to support the title. It is not
necessary to provide quotes in your synopsis, as they will not be included in
the PREVIEWS write-up. Quotes are better suited for advertisements and
promotional materials. Diamond Comic Distributors reserves the right to edit
any copy submitted for PREVIEWS.

INTENDED AUDIENCE-There are three general classifications that we use for
intended audience: ALL AGES, MATURE READERS, and ADULT MATERIAL. Each of
these have varying degrees and are always subjective. Our customers have the
right to know the nature of the content in the comic books they are
purchasing. The sale of adult materials to minors is prohibited by law in the
United States and many other countries. Some countries restrict the
importation of materials with sexual content. Please be specific and use your
best judgment when soliciting your products as to which of these general
classifications your product falls into.

     ALL AGES-All Ages products are considered "G-Rated." These comics do
     not include any nudity, foul language, adult situations, or excess
     violence.

     MATURE READERS-Mature Readers products are considered "PG-Rated" or
     "PG-13 Rated." These comics may contain some violence, brief nudity,
     adult situations, or profanity.

     ADULT MATERIAL-This material should not be sold to minors. Adult comic
     books may contain gratuitous nudity or sex. Due to the nature of the
     material, we do not actively promote Adult Material in PREVIEWS. We do
     not allow advertising or picture graphics, no matter how tame, in
     PREVIEWS for Adult Material. Rather, we use PREVIEWS ADULT to solicit
     these materials to those retailers who choose to add Adult merchandise
     to their product mix.

FORMAT-Please note the page count of your comic or graphic novel. If it is
sized differently than a current, standard size comic book, please note the
physical dimensions. If it is digest- or magazine-sized, you may note this
instead. Please also note if the interior pages will be printed in black and
white or full-color, and make the same distinction for the cover.

RETAIL PRICE-Please include the US retail (cover) price of your publication.
If possible, please also include the Canadian dollar and British pounds
equivalents if they will be printed on the cover. If you require assistance
with conversion rates, please contact your Brand Manger or a member of the
Comics Purchasing Team.

PRINTER OR SHIPPING ORIGINATION-Please let us know from where you will be
shipping your product. This helps us to prepare our internal systems its
arrival. Often, product is shipped directly from the printer or manufacturer.
(A brief list of printers is included on page 14 of this pamphlet.)

COUNTRY OF ORIGIN-In order to export your comics, for Customs purposes, we
need to know in which country it will be manufactured. THE COUNTRY OF ORIGIN
IS THE COUNTRY IN WHICH YOUR COMICS WILL BE PRINTED, NOT THE COUNTRY THAT
WHERE IT IS DRAWN.

                                       6
<PAGE>

SHIP DATE-If you can provide us with an exact ship date, please do so. This
information is valuable to our customers and tells Diamond which issue of
PREVIEWS your product should be solicited in. If you do not have a ship date,
then let us know what month you plan to ship your product.

UPC CODE-Many of our accounts are automated, with computerized inventories
and point of purchase scanners. If you have a UPC code or ISBN number for
your comic book or graphic novel, please provide it so that we can pass it
along to our customers. These are useful tools for our retailers, but are
currently not a requirement for Diamond to distribute your products. You may
contact the Uniform Code Council at (937) 435-3870 for more information about
obtaining a UPC code.

LICENSING RESTRICTIONS-If your comic book is based on a license you have
purchased (I.E. STAR WARS, UNCLE SCROOGE), you may have certain restrictions
on where your comic can be distributed. Please inform Diamond on your Product
Information Sheet of any international restrictions to which you may be
contractually bound.

SPECIAL DISCOUNT INFORMATION-Some products that you solicit to us, such as
T-shirts or other related merchandise, may carry different pricing than your
comics. IF YOUR PRICING TO DIAMOND IS DIFFERENT FROM THE PRICING THAT IS
NEGOTIATED FOR YOUR COMICS, PLEASE LET US KNOW IN ADVANCE BY INCLUDING IT ON
YOUR PRODUCT INFORMATION SHEET. This will allow us to accurately price the
products to our customers. If there are no special discounts stated on your
solicitations for T-shirts or related merchandise, we will assume that we are
receiving our standard negotiated discount on these items and price them
accordingly to our customers. Diamond will list the related merchandise that
we choose to carry in the Comics section of PREVIEWS with your comic and
graphic novel listings.

COVER GRAPHIC

At the time of solicitation, please provide a color cover graphic for your
comic book. Our industry is visually driven. The written copy and the cover
graphic are often all that retailers will have to influence their buying
decisions. If you cannot supply the cover graphic but are able to supply
another piece of artwork, please indicate that the artwork to be shown in
PREVIEWS is not the actual cover.

PREVIEWS is a PG-Rated catalog. Diamond will not run any artwork that depicts
or suggests nudity or excessive violence and reserves the right to refuse any
artwork or advertisement on the basis of its content. If you have any doubts
about your graphic, fax it to your Brand Manager or any member of the Comics
Purchasing Team for approval before you mail it to us.

Diamond produces all of its catalogs on a Macintosh computer system. We
encourage you to send electronic files via e-mail or provide them to us on
floppy disks, zip disks, or CD-ROM. Zip disks and CD-ROM's only will be
returned after PREVIEWS has been sent to the printer. Please remember when
sending an electronic file that it will not be printed at full size. Please
scale down the size of the file that you send accordingly. FILE NAMES FOR
ARTWORK SHOULD BE LABELED SO THAT WE CAN EASILY IDENTIFY IT. PLEASE AVOID
CONFUSING OR OVERSIMPLIFIED ABBREVIATIONS. For more information on electronic
files, please see the AD SPECIFICATIONS sheet provided.

If you cannot supply the graphic electronically, please send a full-sized
reproduction for us to scan.

PRESS RELEASE

One of the jobs of a publisher is marketing. With your debut issue and with
any other special issue or event, you should send a press release. If we feel
that extra exposure is warranted, Diamond may devote some editorial to your
comic in one or more of our publications. If we do not have a press release,
then it becomes much more difficult to give your comic book or graphic novel
any editorial coverage. It is also recommended that you include a press
release with your submissions package. Future press releases can be sent to
your Brand Manager. Keep in mind that these same press releases should also
be sent to as many other media organizations as possible. (A brief list of
other comic related media organizations can be found on page 14 of this
pamphlet.)

CONTINUING SOLICITATIONS

                                       7
<PAGE>

As you continue to solicit products to Diamond, please remember to include a
complete Product Information Sheet with each solicitation. Artwork should be
submitted at the time of solicitation. If you have a special issue, include a
press release so that we have the option of including an editorial push in
our publications. Remember that mock-ups are due at the time of solicitation
for the second and third comic books that you solicit through Diamond. It is
not necessary to solicit monthly to continue to be carried by Diamond. We and
our customers would rather have you wait an extra month to solicit than have
you ship your products late. If you will not have a solicitation for an
upcoming issue of PREVIEWS, please inform your Brand Manager before that
catalog's deadline.

PREVIEWS 1999 PUBLISHING SCHEDULE EXPLANATION OF TERMS

In order to publish a 400-page catalog, we need all of our suppliers to
supply timely information, artwork, and advertisements. Missing one of these
deadlines could force us to pull your advertisement and/or product
solicitation from PREVIEWS. The PREVIEWS 1999 PUBLISHING SCHEDULE should be
incorporated into your production calendar. A copy of this Schedule has been
included with this package. Here is an explanation of  the columns you will
see:

COVER DATE-This column represents the month that each issue of PREVIEWS will
go on sale, and when our customers will be placing initial orders for your
products.

ITEMS SHIPPING-This is the month in which your product is scheduled to ship.

DEADLINE FOR CATALOG INFO & ARTWORK-This is the deadline for PREVIEWS
solicitation material. All solicitation materials, including Product
Information Sheets, artwork, and mock-ups (samples) are due at this time.

ADS/INSERT RESERVATIONS DUE-This is the date by which you must book your
advertisements by calling our Publisher Services Manager, Steve Bond, at
(530) 274-1805. "Booking an ad" is simply stating your intention of running
an advertisement. By having ads booked, we will know what to expect and
prepare us to save room for them. For preferred advertisements, the sooner an
ad is booked, the closer we may be able to place the ad next to the
solicitation. See the enclosed Diamond Advertising & Marketing Services Rate
Card for more details and guidelines.

PREVIEWS COVER ART DUE-This is the date that artwork for the cover of
PREVIEWS is due. Because we add the PREVIEWS logo and other text to the cover
graphic, we require it sooner than we would a regular advertisement. Artwork
for PREVIEWS covers should be sent to the Home Office in Timonium, MD.

AD MATERIALS DUE-Advertisements are due to Diamond's Home Office at this
time. UNLESS PAYMENT TERMS FOR ADVERTISEMENTS HAVE BEEN GRANTED, PAYMENT IS
DUE ON THIS DATE AS WELL. Credit applications are available upon request.
Checks should be made payable to Diamond Comic Distributors, Inc. To avoid
confusion, please remember to book your advertisements by the reservation due
date.

PREVIEWS INSERT MATERIALS DUE-If you are having a promotional item, such as a
trading card or poster, bound or blown into PREVIEWS, the materials must
arrive at our printer by this date. Contact your Brand Manager for more
details.

CATALOG PACK PROMO ITEMS DUE-Catalog Flyer Pack inserts should arrive at our
Star/TRU location by this date. Two samples of the insert should be sent to
the Home Office in Timonium, MD by this date as well. If payment terms have
not been arranged, a check for $325 should be included with the samples sent
to the Home Office. (Full details appear on page 10 of this pamphlet.)

PREVIEWS ON SALE-This is the date that our customers will receive PREVIEWS to
sell to consumers and to begin making their ordering decisions.

PURCHASE ORDERS MAILED-This is the date that our Order Processing Department
BEGINS to mail and fax Purchase Orders. Because we handle so many items, not
all of the Purchase Orders will be ready on this date. This is not
necessarily the date that you will receive your Purchase Order.

                                       8
<PAGE>

PROMOTIONAL OPPORTUNITIES

SPECIAL NOTES ON PROMOTIONAL OPPORTUNITIES: Promotional and advertising
opportunities offered by Diamond are intended to promote sales through
Diamond. UNDER NO CIRCUMSTANCE SHOULD YOUR ADDRESS, PHONE NUMBER, OR E-MAIL
ADDRESS BE INCLUDED ON ANY PROMOTIONAL MATERIALS OR ADVERTISEMENTS. Web
addresses should not be included if the web site sells directly to retailers
or consumers. It is our intention to keep PREVIEWS an acceptable publication
to be purchased by younger readers. DIAMOND RESERVES THE RIGHT TO REJECT ANY
ADVERTISEMENT ON THE BASES OF GRATUITOUS VIOLENCE AND/OR
REVEALING/PROVOCATIVE POSES. If you have any questions about the
acceptability of your advertisement, it is best to fax a copy to your Brand
Manager before you send it to film.

Once Diamond accepts your product, you will want to begin promoting it. In
addition to advertisements in its various publications, Diamond has numerous
promotional opportunities that you can take advantage of. By submitting your
project to Diamond, you are entering an extremely competitive market. Comics
that are not promoted aggressively often fall by the wayside and are soon
forgotten. With 4-8 new publishers in PREVIEWS every month, our customers are
faced with a difficult decision of choosing whose comics to carry.
Remembering from month to month which comics they have chosen can be even
more difficult. Aggressively promoting your first issue is a necessity, as is
the continual promotion of subsequent issues.

Beyond the numerous advertising opportunities in various publications,
Diamond has several promotional opportunities that can be used in conjunction
with ads or as stand alone-efforts. These opportunities include the Previews
Catalog Pack, targeted distribution or mailings of promotional materials,
telemarketing, mass faxes and e-mails, and representation at trade shows.

Advertisements and PREVIEWS Catalog Pack inserts should be booked through our
Publisher Services Manager, Steve Bond. Please note that we only accept
advertising for titles solicited in the corresponding month's PREVIEWS, not
for upcoming projects. You must obtain confirmation of acceptance before
booking the ad.

ADVERTISEMENTS

Advertisements are available in all of Diamond's publications. Please check
with your Brand Manager or any member of the Comics Purchasing Team for
availability of premium advertising spots. See the enclosed DIAMOND
ADVERTISING & MARKETING SERVICES RATE CARD for guidelines and more details.

Advertisements must adhere to the same guidelines given under Cover Graphic.
(See also SPECIAL NOTES ON PROMOTIONAL OPPORTUNITIES at the beginning of this
section.) DIAMOND RESERVES THE RIGHT TO REJECT ANY ADVERTISEMENT BASED ON
CONTENT. IF YOU ARE UNSURE ABOUT YOUR AD, PLEASE FAX IT TO YOUR BRAND MANAGER
FOR APPROVAL BEFORE SENDING US THE FILM.

CATALOG FLYER PACK INSERTS

Every month, with the complimentary issue of PREVIEWS and the PREVIEWS ORDER
FORM that is sent to each of our customers, we package promotional materials
from our suppliers. These materials can be an ashcan, a poster folded to
81/2" x 11", a full-color flyer, etc. A quantity of 6,000 flyers are
required. The cost to participate in this program is $325. This fee is
usually waived for posters and other POP items that are designed to help
retailers sell through. Flyers should be sent to our Star/TRU Distribution
Center in Sparta, Illinois:

                          Diamond Comic Distributors, Inc.
                                 803 Bradbury Lane
                                  Sparta, IL 62286
                 Attn: PREVIEWS Catalog Pack Promotional Materials

The check for $325 should be sent to the Home Office in Timonium, MD along
with two sample flyers. Please do not send flyers without confirmation of
acceptance.

                                       9
<PAGE>

TARGETED DISTRIBUTION OF PROMOTIONAL MATERIALS

Promotional materials can play a big role in your marketing strategy. A
preview comic or letter introducing your company and marketing strategy can
help retailers make educated buying decisions. Posters and other
point-of-purchase items help retailers to sell through the quantities that
they have ordered. A signed copy or other premium used to thank retailers for
ordering your product can make a lasting impression and affect future buying
habits.

Diamond will distribute to our customers your promotional material for a cost
of $0.15 per unit (trade paperback size or smaller; the price is negotiable
for larger items). Customers receive these promotional materials with their
weekly product shipments. We will require you to ship these to the locations
indicated on the Purchase Order in the quantities indicated. Please Note:
Unless packaged together, two separate items (e.g., a comic and a cover
letter) count as two units.

Diamond's Marketing Research Department is capable of identifying the best
prospects for your promotional materials. If we have the data, there are
countless ways for us to manipulate and study it. Because of our position in
the market, we know who the largest comic retailers are, their store
locations, and their ordering habits. Almost every retailer who carries comic
books buys them through us, hence our data is extremely comprehensive. Our
charge for Marketing Research is $35 per hour.

Here are some examples of what Marketing Research can do:

SAMPLE COPIES-PROVE TO RETAILERS THAT THEY SHOULD BE ORDERING YOUR COMIC.
Often, the descriptions in PREVIEWS and the artwork shown is not enough
information for retailers. Advertisements cannot always show the consistency
and the quality of the interior art work. Giving retailers an ashcan or a
copy of the book in advance can help educate retailers. One hour of Marketing
Research can target the top 500, 1000, or 1500 retailers. Include a letter or
flyer with the ashcan to speak directly to the top retailers.

PROMOTIONAL POSTERS-HELP RETAILERS TO BE PROFITABLE WITH YOUR COMIC. If you
want to support the retailers who ordered your comic, consider sending them a
promotional poster. A poster displayed on the wall of a store can build
excitement and help a title sell. One hour of Marketing Research can easily
accomplish this. (Note: To qualify for the $0.15 per unit price, posters must
be folded down to 8 1/2" x 11".)

THANK-YOU PACKS-THANK CUSTOMERS WHO PURCHASED YOUR COMIC. Show your gratitude
by sending customers who order your comic a free signed copy. This simple
gesture can help to build repeat customers. Use the opportunity to include
artwork from your next issue. One hour of Marketing Research can accomplish
this too.

RECOVER LOST CUSTOMERS-REMIND FORMER CUSTOMERS THAT THEIR ORDERS ARE
IMPORTANT TO YOU. Have you seen a decline in your comics' sales from the last
issue? Two hours of Marketing Research to compare your last two issues'
orders can help you reach any customers who may have abandoned you.

To implement any of these programs or one of your own design, contact your
Brand Manager three weeks before you intend for the promotional item to reach
our retailers.

TARGETED MAILINGS

The same promotional opportunities listed above can also be accomplished
through the mail. A letter or package is a lot more personal and, because it
does not come with the weekly shipment, retailers are liable to give it a
little more attention. While we will not sell the database of our customers'
names and addresses, we can mail to them the materials that you provide. Our
charge for this service is exact postage +20%, labor ($15 per hour), and
marketing research costs.

DISCOUNT GROUP AVERAGE REPORTS

Diamond's Marketing Research Department is also capable of manipulating data
and putting them in succinct, informative sales reports. One the report that
Diamond frequently runs for our suppliers is the

                                       10
<PAGE>

Discount Group Average Report (DGA), which breaks down the customers by size,
shows the number of customers buying, the total number of customers, and the
average quantity bought per customer.

MASS E-MAILS

Diamond currently has an e-mail database containing over 1800 customer
addresses. You can take advantage of this resource to send out your company's
updates and press releases to all of these. The cost of this service is $250
per e-mail.

ORDER FORM INCENTIVES

Offering a premium item to retailers is often a good incentive to entice them
to purchase more copies. Copies of your comic with a variant cover or
creators' signatures are common premium items that influence orders.

To list an Order Form incentive, submit a separate Product Information Sheet
with your solicitation. State what your requirements are for the customer to
receive your incentive. (EXAMPLE: FOR EVERY 5 COPIES OF STONE MOUNTAIN
GLADIATOR #4 ORDERED, RETAILERS WILL RECEIVE ONE FREE COPY OF STONE MOUNTAIN
GLADIATOR #4 SIGNED BY THE INKER, JOHNNY INKER.) Remember to keep the goals
within reason and the premium worthwhile. Retailers are not apt to raise
their order to 50 copies to qualify for a free bumper sticker. At this time,
there is no charge for simple Order Form incentives like the example listed
above. With Marketing Research, we are capable of developing more complex
incentives. In the event that Marketing Research is needed, you will be
charged $35 per hour. An Order Form incentive must ship within 14 days of the
product that it supports.

OTHER SERVICES

As your business grows, you may want to inquire about some of Diamond's other
services.

We have a group of six Inside Sales Representatives whose sole purpose is to
call our customers to offer your products or solicit feedback.

Our Customers Service Department can make suggested sales on your behalf.

Our Outside Sales Force visits our top domestic retailers four times a year.
You can put them to work for you promoting your comic, graphic novel, or
comic line.

Our targeted faxes give our customers an easy opportunity to order more of
your books.

If you can't attend a trade show, we can help you to maintain a presence
there.

Consult the enclosed Diamond Advertising & Marketing Services Rate Card for
pricing or call your Brand Manager for details.

PROMOTING OUTSIDE OF DIAMOND

Beyond the many services and advertising opportunities that Diamond offers,
there are many other promotional avenues that you should explore. Remember to
send your press releases not just to Diamond, but to other industry
publications that may want to run articles on or review your comics. These
same publications may present advertising opportunities that you can use in
conjunction with Diamond advertisements to augment your exposure. (A brief
list of industry publications can be found on page 14 of this pamphlet.)

Your presence in comic shops can be a powerful influence on their owners. Be
sure to know all of the owners of your local comic shops. Persuade them to
order your products through PREVIEWS, then follow up to see how well they are
selling. Arrange signings for your creators and set up local conventions too.

                                       11
<PAGE>

DIAMOND POLICIES

ORDER ADJUSTMENTS

We work in a system where our customers buy sight unseen, without the
possibility of returns. For this reason, we need to provide as much accurate
information as we can in PREVIEWS and in the other vehicles that we use for
solicitations. Information that is incorrect or that changes can affect the
salability of the product.

Timeliness can also affect salability. Late books have plagued the comics
industry for years. In response to our customers' pleas, we have implemented
policies for late-shipping products. Our current grace period for comics and
most other products is 30 days. This allows for an additional 30 days beyond
the scheduled ship date or the end of the scheduled ship month for you to
ship your product.

If there are any changes to the solicitation, or the manufacturing of the
product is falling more than 30 days behind schedule, we will want to allow
our customers the opportunity to reevaluate the demand for the product. When
we allow customers this opportunity, we will cancel the existing Purchase
Order and issue a new Purchase Order based on the revised orders that we
receive. (NOTE: The new Purchase Order takes about 30 days to process. If you
will need a new Purchase Order for any reason, such as lateness or a change
in information, please give us as much notice as possible. If a product did
not meet Diamond's benchmark for sales, we will not Order Adjust it for
lateness.)

RETURNABILITY

Currently, Diamond does not accept returns from its customers, nor is Diamond
set-up to deal with returns the way that many other industries are. In the
future, we will be exploring this option as a service to our both customers
and suppliers.

For now, there are a few scenarios where we do require suppliers to accept
returns. However, this is not the way that we or our customers prefer to do
business. If a product is returnable, Diamond will not pay for the unsold
product. Diamond will withhold up to 50% of the payment in anticipation of
any unsold product, and the supplier will be responsible for the costs
associated with the return of unsold product. Late-shipping seasonal
products, periodicals shipped out of solicited order, items that are poorly
manufactured, and items with unannounced changes will all be made returnable.

LATE-SHIPPING SEASONAL PRODUCTS-Products scheduled for a specific event or
holiday must be received by Diamond at least three weeks before that event.
Three weeks will allow us enough time to distribute the books to our
customers, and allow our customers enough time to sell the product before the
event. Diamond reserves the right to cancel orders for seasonal products not
received three weeks prior to the event or holiday.

PERIODICALS SHIPPING OUT OF SOLICITED ORDER-When issues of a comic books ship
out of order, sales can be difficult for our retailers, who risk losing
customers who miss that issue.

ITEMS THAT ARE POORLY MANUFACTURED-Occasionally, we receive enough complaints
about a product's quality that we request that the vendor accept returns.

ITEMS WITH UNANNOUNCED CHANGES-When a product ships with an unannounced
format, creative, or price change, we will request returns on our customers'
behalf. These changes should be announced to Diamond well in advance,
allowing enough time for an Order Adjustment.

                                       12

<PAGE>

PRINTERS

AMERICAN COLOR GRAPHIC
1215 Fayetteville Quary Rd.
Sylacauga, AL 35151
(205) 249-3871
New Accounts Contact: Jeff Rosenthal
DIAMOND PICK-UP AVAILABLE.

BRENNER PRINTING
106 Braniff St.
San Antonio, TX 78216
(210) 349-4024
New Accounts Contact: Monica Arocha
DIAMOND PICK-UP AVAILABLE.

MORGAN PUBLISHING
PO Box 471
Grafton, ND 58237
(701) 352-0640
New Accounts Contact: Toni Thordarson

PORT PUBLISHING
PO Box 249
Port Washington, WI 53074
(414) 284-3494
New Accounts Contact: Bruce Gray

PRENEY PRINT & LITHO
2714 Dougall Ave.
Windsor, Ontario N9E 1R9
Canada
(519) 966-3412
New Accounts Contact: Kim Preney

QUEBECOR/RONALDS
8000 Blaise Pascal
Montreal, Quebec H1E 2S7
Canada
(514) 494-5401
New Accounts Contact: Angelo Messina
DIAMOND PICK-UP AVAILABLE.

SMALL PRESS CO-OP
2579 Clematis St.
Sarasota, FL
(941) 922-0844
spcoop@flnet.com

TRANSCONTINENTAL
1201 Marie-Victorin St.
St. Bruno, Montarville, Quebec J3V 6C3
Canada
(800) 337-8560 x4285
New Accounts Contact: George Bruno
DIAMOND PICK-UP AVAILABLE.

RIPON COMMUNITY PRINTERS
656 S. Douglas St.
Ripon, WI 54971
(920) 748-3136
New Accounts Contact: Tom Welk

(THE ABOVE IS A BRIEF LIST OF PRINTERS WITH EXPERIENCE IN PRINTING COMIC
BOOKS. IT IS NOT A COMPLETE LIST. YOU MAY FIND OTHER PRINTERS THAT WILL WORK
WELL FOR YOU. BY NO MEANS ARE YOU RESTRICTED TO WORKING WITH ONE OR ANY OF
THE ABOVE PRINTERS.)

INDUSTRY PUBLICATIONS

COMIC SHOP NEWS
published by Comic Shop News
Cliff Biggers
2770 Carillon Crossing
Marietta, GA 30066
cliffbig@netdepot.com
(770) 422-4642

THE COMICS JOURNAL
published by Fantagraphics Books
7563 Lake City Way Northeast
Seattle, WA 98115
Tom Spurgeon
tom@tcj.com
(206) 524-1967

COMIC BUYER'S GUIDE
published by Krause Publishing
John Jacksom Miller
700 East State Street
Iola, WI 54990-0001
millerj@krause.com
(715) 445-2214

WIZARD: THE GUIDE TO COMICS
publihsed by Wizard Press
151 Wells Avenue
Congers, NY 10920
Jim McLaughlin
(914) 268-2000
wizwords@aol.com

COMICS BUYER'S GUIDE
published by Krause Publishing
Maggie Thompson
700 East State Street
Iola, WI 54990-0001
cbgnews@krause.com
(715) 445-2214

                                       13
<PAGE>

                                SAMPLE SOLICITATION

MOCK-UP PRESS
123 E. Oak Avenue, Suite 111
Stone Mountain, GA 30088
Contact: R.T. Writer
(770) 44.3-0388

TITLE: STONE MOUNTAIN GLADIATOR: THE RETURN OF DELILAH

ISSUE NUMBER: #3 (OF 5)

WRITERS' AND ARTISTS' NAMES: WRITTEN BY R.T. WRITER, PENCILED BY JAKE SKETCHER,
& INKED BY JOHNNY INKER

INTENDED AUDIENCE: ALL AGES

FORMAT: FULL COLOR COVER, BLACK & WHITE INTERIORS; COMIC BOOK SIZED; 32 PGS

RETAIL PRICE: $2.50 US, $3.75 CANADIAN

PRINTER: SHIPPING FROM QUEBECOR

COUNTRY OF ORIGIN: CANADA

SHIP DATE: SHIPS AUGUST 1999

UPC CODE: NONE

SYNOPSIS:

   AMID THE RETURN OF HIS FORMER LOVER DELILAH, THE STONE MOUNTAIN GLADIATOR
MUST ONCE AGAIN DEFEND GEORGIA FROM HIS ARCH-NEMESIS, THE SOUTHERN SKULL.
TORN BETWEEN HIS SENSE OF JUSTICE AND HIS LONGING TO RENEW HIS LOVE, SAMSON
IS FACED WITH THE MOST DIFFICULT DECISION OF HIS CAREER.

Included with this solicitation, you should find a zip disk containing a the
cover of STONE MOUNTAIN GLADIATOR: DELILAH RETURNS #3. Please call if there
are any problems.

                                       14
<PAGE>

PRODUCT INFORMATION SHEET

COMPANY NAME:
             ---------------------
ADDRESS:

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

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

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

PHONE:
      ----------------------------
TITLE:
      --------------------------------------------------------------------
ISSUE NUMBER:
             ---------------------
WRITERS' AND ARTISTS' NAMES:
                            ----------------------------------------------
INTENDED AUDIENCE:
                  ----------------
FORMAT:
       ---------------------------
RETAIL PRICE:
             ---------------------
PRINTER:
        --------------------------
COUNTRY OF ORIGIN:
                  ----------------
SHIP DATE:
          ------------------------
UPC CODE:
         -------------------------

SYNOPSIS:

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

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

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

SPECIAL NOTES:

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

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

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

                                       15

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