Document:

<PAGE>

                                                                   EXHIBIT 10.18

                      Third Party Contract/Rental Agreement
                     Minnesota School of Business (MSB) with

                        Broadview Media, Inc. (Broadview)

Minnesota School of Business will contract with Broadview for the use of
Broadview's facilities, editing bays, sound studios and qualified technicians to
support MSB's classes in the A.A.S. Digital Video Program. The classes are as
follows:

<TABLE>
<S>     <C>                            <C>
DV100   Basic Editing                   4 Credits
DV110   DV History/Camera Operations    4 Credits
DV170   DV Editing FCP                  5 Credits
DV180   Sound For Video                 4 Credits
DV200   Video After Effects             4 Credits
DV210   DV Editing Avid                 4 Credits
DV220   Video Lighting and Color        4 Credits
DV250   Video Production                5 Credits
                               Total   34 Credits
</TABLE>

The following information is included as part of the contract.

SYSTEMATIC PLAN FOR STUDENT EVALUATIONS OF THIRD PARTY FACILITY AND TECHNICIANS

Student surveys will be offered following each course taken, requesting a
general rating of BROADVIEW's facilities, sound studios, editing bays and
qualified technicians. Responses to surveys will be anonymous and voluntary. Any
surveys that indicate a concern area will be reviewed in writing with the MSB
Directors of Education.

DESCRIPTION OF ALL FEES PAID TO THE THIRD PARTY BY THE INSTITUTION

MSB will charge for all courses using the MSB credit costs. All 3rd party
contract/rental agreement funds will be paid to BROADVIEW for use of its
facilities, editing bays, sound studios and qualified technicians at a rate of
10% of tuition per quarter per student.

PLAN B (IN THE EVENT BROADVIEW DEFAULTS OR IS UNABLE TO PROVIDE SERVICES) MSB
would build studios at their location(s) to teach the courses..

PLACEMENT SERVICES OFFERED, INCLUDING WHO IS RESPONSIBLE FOR PLACING STUDENTS

Students will participate in a MSB career development course, which covers
job-seeking and job-keeping skills and techniques such as identification of
individual skills meeting employer expectations, interview preparation and
presentation and identification of potential employment opportunities in
business and industry.

MSB will be responsible for career placement of students.

                                        1

<PAGE>

A DESCRIPTION OF FACILITIES

     Broadview Media is located at 4455 West 77th Street, Edina MN 55435,
conveniently located next door to MSB's Edina Campus.

BROADVIEW's facilities provide students with industry standard equipment and
technologies applicable to the digital video production industry. The facilities
are equipped to teach our students any and all courses associated with video
production in a real-time, apprenticeship environment within a for-profit
business.

A list of equipment located within the Broadview studio facilities is attached.

The parties to this Rental Agreement hereby agree.

Minnesota School of Business            Broadview Media, Inc.

/s/ Michael Blumberg                    /s/ Mark "Red" White
-------------------------------------   ----------------------------------------
Title Director, DVD Program             Title COO
Date April 2, 2004                      Date April 2, 2004

                                        2<PAGE>

                                                                   EXHIBIT 10.21

                                 ASSOCIATED BANK

PROMISSORY NOTE

BORROWER: BROADVIEW MEDIA, INC.   LENDER: ASSOCIATED BANK MINNESOTA, NATIONAL
          TERRY L MYHRE                   ASSOCIATION
          4455 W 77TH ST                  1801 RIVERSIDE AVENUE
          MINNEAPOLIS, MN 55435           MINNEAPOLIS, MN 55454

                              INITIAL RATE: 6.000%

PRINCIPAL AMOUNT: $300,000.00                    DATE OF NOTE: DECEMBER 18, 2003

PROMISE TO PAY. BROADVIEW MEDIA, INC.; AND TERRY L MYHRE ("BORROWER") JOINTLY
AND SEVERALLY PROMISE TO PAY TO ASSOCIATED BANK MINNESOTA, NATIONAL ASSOCIATION
("LENDER"), OR ORDER, IN LAWFUL MONEY OF THE UNITED STATES OF AMERICA, THE
PRINCIPAL AMOUNT OF THREE HUNDRED THOUSAND & 00/100 DOLLARS ($300,000.00) OR SO
MUCH AS MAY BE OUTSTANDING, TOGETHER WITH INTEREST ON THE UNPAID OUTSTANDING
PRINCIPAL BALANCE OF EACH ADVANCE. INTEREST SHALL BE CALCULATED FROM THE DATE OF
EACH ADVANCE UNTIL REPAYMENT OF EACH ADVANCE.

PAYMENT. BORROWER WILL PAY THIS LOAN IN ONE PAYMENT OF ALL OUTSTANDING PRINCIPAL
PLUS ALL ACCRUED UNPAID INTEREST ON OCTOBER 31, 2004. IN ADDITION, BORROWER WILL
PAY REGULAR MONTHLY PAYMENTS OF ALL ACCRUED UNPAID INTEREST DUE AS OF EACH
PAYMENT DATE, BEGINNING JANUARY 18, 2004, WITH ALL SUBSEQUENT INTEREST PAYMENTS
TO BE DUE ON THE SAME DAY OF EACH MONTH AFTER THAT. UNLESS OTHERWISE AGREED OR
REQUIRED BY APPLICABLE LAW, PAYMENTS WILL BE APPLIED FIRST TO ACCRUED UNPAID
INTEREST; THEN TO PRINCIPAL; AND THEN TO ANY LATE CHARGES. THE ANNUAL INTEREST
RATE FOR THIS NOTE IS COMPUTED ON A 365/360 BASIS; THAT IS, BY APPLYING THE
RATIO OF THE ANNUAL INTEREST RATE OVER A YEAR OF 360 DAYS, MULTIPLIED BY THE
OUTSTANDING PRINCIPAL BALANCE, MULTIPLIED BY THE ACTUAL NUMBER OF DAYS THE
PRINCIPAL BALANCE IS OUTSTANDING. BORROWER WILL PAY LENDER AT LENDER'S ADDRESS
SHOWN ABOVE OR AT SUCH OTHER PLACE AS LENDER MAY DESIGNATE IN WRITING.

VARIABLE INTEREST RATE. The Interest rate on this Note is subject to change from
time to time based on changes in an index which is the Lender's Prime Rate (the
"Index"). This is the rate Lender charges, or would charge, on short-term
unsecured loans to its most creditworthy commercial customers. This rate may or
may not be the lowest rate available from Lender at any given time. Lender will
tell Borrower the current Index rate upon Borrower's request. The interest rate
change will not occur more often than each DAY. Borrower understands that Lender
may make loans based on other rates as well. THE INDEX CURRENTLY IS 4.000% PER
ANNUM. THE INTEREST RATE TO BE APPLIED TO THE UNPAID PRINCIPAL BALANCE OF THIS
NOTE WILL BE AT A RATE OF 2.000 PERCENTAGE POINTS OVER THE INDEX, ADJUSTED IF
NECESSARY FOR ANY MINIMUM AND MAXIMUM RATE LIMITATIONS DESCRIBED BELOW,
RESULTING IN AN INITIAL RATE OF 6.000% PER ANNUM. NOTWITHSTANDING THE FOREGOING,
THE VARIABLE INTEREST RATE OR RATES PROVIDED FOR IN THIS NOTE WILL BE SUBJECT TO
THE FOLLOWING MINIMUM AND MAXIMUM RATES. NOTICE: Under no circumstances will the
interest rate on this Note be less than 5.000% per annum or more than the
maximum rate allowed by applicable law.

PREPAYMENT. Borrower agrees that all loan fees and other prepaid finance charges
are earned fully as of the date of the loan and will not be subject to refund
upon early payment (whether voluntary or as a result of default), except as
otherwise required by law. Except for the foregoing, Borrower may pay without
penalty all or a portion of the amount owed earlier than it is due. Early
payments will not, unless agreed to by Lender in writing, relieve Borrower of
Borrower's obligation to continue to make payments of accrued unpaid interest.
Rather, early payments will reduce the principal balance due. Borrower agrees
not to send Lender payments marked "paid in full", "without recourse", or
similar language. If Borrower sends such a payment, Lender may accept it without
losing any of Lender's rights under this Note, and Borrower will remain
obligated to pay any further amount owed to Lender. All written communications
concerning disputed amounts, including any check or other payment instrument
that indicates that the payment constitutes "payment in full" of the amount owed
or that is tendered with other conditions or limitations or as full satisfaction
of a disputed amount must be mailed or delivered to: ASSOCIATED BANK, P.O. BOX
19097 GREEN BAY, WI 54307-9097.

LATE CHARGE. If a payment is 10 days or more late, Borrower will be charged
5.000% OF THE UNPAID PORTION OF THE REGULARLY SCHEDULED PAYMENT.

INTEREST AFTER DEFAULT. Upon default, including failure to pay upon final
maturity, Lender, at its option, may, if permitted under applicable law,
increase the variable interest rate on this Note to 7.000 percentage points over
the Index. The interest rate will not exceed the maximum rate permitted by
applicable law.

DEFAULT. Each of the following shall constitute an event of default ("Event of
Default") under this Note:

     PAYMENT DEFAULT. Borrower fails to make any payment when due under this
     Note.

     OTHER DEFAULTS. Borrower fails to comply with or to perform any other term,
     obligation, covenant or condition contained in this Note or in any of the
     related documents or to comply with or to perform any term, obligation,
     covenant or condition contained in any other agreement between Lender and
     Borrower.

                                        1

<PAGE>

                                 PROMISSORY NOTE
                                   (CONTINUED)

     DEFAULT IN FAVOR OF THIRD PARTIES. Borrower or any Grantor defaults under
     any loan, extension of credit, security agreement, purchase or sales
     agreement, or any other agreement, in favor of any other creditor or person
     that may materially affect any of Borrower's property or Borrower's ability
     to repay this Note or perform Borrower's obligations under this Note or any
     of the related documents.

     FALSE STATEMENTS. Any warranty, representation or statement made or
     furnished to Lender by Borrower or on Borrower's behalf under this Note or
     the related documents is false or misleading in any material respect,
     either now or at the time made or furnished or becomes false or misleading
     at any time thereafter.

     INSOLVENCY. The dissolution or termination of Borrower's existence as a
     going business, the insolvency of Borrower, the appointment of a receiver
     for any part of Borrower's property, any assignment for the benefit of
     creditors, any type of creditor workout, or the commencement of any
     proceeding under any bankruptcy or insolvency laws by or against Borrower.

     CREDITOR OR FORFEITURE PROCEEDINGS. Commencement of foreclosure or
     forfeiture proceedings, whether by judicial proceeding, self-help,
     repossession or any other method, by any creditor of Borrower or by any
     governmental agency against any collateral securing the loan. This includes
     a garnishment of any of Borrower's accounts, including deposit accounts,
     with Lender. However, this Event of Default shall not apply if there is a
     good faith dispute by Borrower as to the validity of reasonableness of the
     claim which is the basis of the creditor or a surety bond for the creditor
     or forfeiture proceeding, in an amount determined by Lender, in its sole
     discretion, as being an adequate reserve or bond for the dispute.

     EVENTS AFFECTING GUARANTOR. Any of the preceding events occurs with respect
     to any guarantor, endorser, surety, or accommodation party of any of the
     indebtedness or any guarantor, surety, or accommodation party dies or
     becomes incompetent, or revokes or disputes the validity of, or liability
     under, any guaranty of the indebtedness evidenced by this Note.

     CHANGE IN OWNERSHIP. Any change in ownership of twenty-five percent (25%)
     or more of the common stock of Borrower.

     ADVERSE CHANGE. A material adverse change occurs in Borrower's financial
     condition, or Lender believes the prospect of payment or performance of
     this Note is impaired.

     INSECURITY. Lender in good faith believes itself insecure.

LENDER'S RIGHTS. Upon default, Lender may declare the entire unpaid principal
balance on this Note and all accrued unpaid interest immediately due, and then
Borrower will pay that amount.

ATTORNEYS' FEES; EXPENSES. Lender may hire or pay someone else to help collect
this Note if Borrower does not pay. Borrower will pay Lender that amount. This
includes, subject to any limits under applicable law, Lender's reasonable
attorneys' fees and Lender's legal expenses, whether or not there is a lawsuit,
including reasonable attorneys' fees, expenses for bankruptcy proceedings
(including efforts to modify or vacate any automatic stay or injunction), and
appeals. If not prohibited by applicable law, Borrower also will pay any court
costs, in addition to all other sums provided by law.

JURY WAIVER. LENDER AND BORROWER HEREBY WAIVE THE RIGHT TO ANY JURY TRIAL IN ANY
ACTION, PROCEEDING, OR COUNTERCLAIM BROUGHT BY EITHER LENDER OR BORROWER AGAINST
THE OTHER.

GOVERNING LAW. THIS NOTE WILL BE GOVERNED BY, CONSTRUED AND ENFORCED IN
ACCORDANCE WITH FEDERAL LAW AND THE LAWS OF THE STATE OF MINNESOTA. THIS NOTE
HAS BEEN ACCEPTED BY LENDER IN THE STATE OF MINNESOTA.

DISHONORED ITEM FEE. Borrower will pay fee to Lender of $25.00 if Borrower makes
a payment on Borrower's loan and the check or preauthorized charge with which
Borrower pays is later dishonored.

RIGHT OF SETOFF. To the extent permitted by applicable law, Lender reserves a
right of setoff in all Borrower's accounts with Lender (whether checking,
savings, or some other account). This includes all accounts Borrower holds
jointly with someone else and all accounts Borrower may open in the future.
However, this does not include any IRA or Keogh accounts, or any trust accounts
for which setoff would be prohibited by law. Borrower authorizes Lender, to the
extent permitted by applicable law, to charge or setoff all sums owing on the
indebtedness against any and all such accounts, and at Lender's option, to
administratively freeze all such accounts to allow Lender to protect Lender's
charge and setoff rights provided in this paragraph.

                                        2

<PAGE>

                                 PROMISSORY NOTE
                                   (CONTINUED)

COLLATERAL. Borrower acknowledges this Note is secured by all security
agreements, guarantees, mortgages, and other security instruments previously
granted, contemporaneously granted, and granted in the future.

LINE OF CREDIT. This Note evidences a revolving line of credit. Up to the
principal amount of this Note and subject to the terms and conditions hereof,
Borrower may borrow, repay, and re-borrow. Advances under this Note, as well as
directions for payment from Borrower's accounts, may be requested orally or in
writing by Borrower or by an authorized person. Lender may, but need not,
require that all oral requests be confirmed in writing. Borrower agrees to be
liable for all sums either: (A) advanced in accordance with the instructions of
an authorized person or (B) credited to any of Borrower's accounts with Lender.
The unpaid principal balance owing on this Note at any time may be evidenced by
endorsements on this Note or by Lender's internal records, including daily
computer print-outs. Lender will have no obligation to advance funds under this
Note if: (A) Borrower or any guarantor is in default under the terms of this
Note or any agreement that Borrower or any guarantor has with Lender, including
any agreement made in connection with the signing of this Note; (B) Borrower or
any guarantor ceases doing business or is insolvent; (C) any guarantor seeks,
claims or otherwise attempts to limit, modify or revoke such guarantor's
guarantee of this Note or any other loan with Lender; (D) Borrower has applied
funds provided pursuant to this Note for purposes other than those authorized by
Lender; or (E) Lender in good faith believes itself insecure.

INTIAL NOTE RATE PROVISION. The Initial Note Rate is as of DECEMBER 17, 2003.

BUSINESS LOAN AGREEMENT. If Borrower and Lender have either previously or
contemporaneously entered into a Business Loan Agreement, it is agreed that this
Note is subject to the terms and conditions of said agreement.

SUCCESSOR INTERESTS. The terms of this Note shall be binding upon Borrower, and
upon Borrower's heirs, personal representatives, successors and assigns, and
shall inure to the benefit of Lender and its successors and assigns.

GENERAL PROVISIONS. Lender may delay or forgo enforcing any of its rights or
remedies under this Note without losing them. Each Borrower understands and
agrees that, with or without notice to Borrower, Lender may with respect to any
other Borrower (a) make one or more additional secured or unsecured loans or
otherwise extend additional credit; (b) alter, compromise, renew, extend,
accelerate, or otherwise change one or more times the time for payment or other
terms of any indebtedness, including increases and decreases of the rate of
interest on the indebtedness; (c) exchange, enforce, waive, subordinate, fail or
decide not to perfect, and release any security, with or without the
substitution of new collateral; (d) apply such security and direct the order or
manner of sale thereof, including without limitation, any non-judicial sale
permitted by the terms of the controlling security agreements, as Lender in its
discretion may determine; (e) release, substitute, agree not to sue, or deal
with any one or more of Borrower's sureties, endorsers, or other guarantors on
any terms or in any manner Lender may choose; and (f) determine how, when and
what application of payments and credits shall be made on any other indebtedness
owing by such other Borrower. Borrower and any other person who signs,
guarantees or endorses this Note, to the extent allowed by law, waive
presentment, demand for payment, and notice of dishonor. Upon any change in the
terms of this Note, and unless otherwise expressly stated in writing, no party
who signs this Note, whether as maker, guarantor, accommodation maker or
endorser, shall be released from liability. All such parties agree that Lender
may renew or extend (repeatedly and for any length of time) this loan or release
any party or guarantor or collateral; or impair, fail to realize upon or perfect
Lender's security interest in the collateral; and take any other action deemed
necessary by Lender without the consent of or notice to anyone. All such parties
also agree that Lender may modify this loan without the consent of or notice to
anyone other than the party with whom the modification is made. The obligations
under this Note are joint and several.

SECTION DISCLOSURE. This loan is made under Minnesota Statutes, Section 48.195.

PRIOR TO SIGNING THIS NOTE, BORROWER READ AND UNDERSTOOD ALL THE PROVISIONS OF
THIS NOTE, INCLUDING THE VARIABLE INTEREST RATE PROVISIONS. EACH BORROWER AGREES
TO THE TERMS OF THE NOTE.

BORROWER ACKNOWLEDGES RECEIPT OF A COMPLETED COPY OF THIS PROMISSORY NOTE.

BORROWER:

BROADVIEW MEDIA, INC.

BY: /s/ MARK RED WHITE
    --------------------------------------------
    MARK RED WHITE, COO OF BROADVIEW MEDIA, INC.

x /s/ TERRY L. MYHRE
  --------------------------------------------
  TERRY L MYHRE, INDIVIDUALLY

                                       3

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00106-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00106-of-00352.parquet"}]]