Document:

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                                                                     EXHIBIT 4.8

THIS WARRANT AND ANY SHARES ACQUIRED UPON THE EXERCISE OF THIS WARRANT HAVE NOT
BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED, AND MAY NOT BE
SOLD OR OTHERWISE TRANSFERRED EXCEPT PURSUANT TO AN EFFECTIVE REGISTRATION
STATEMENT FILED UNDER SUCH ACT OR PURSUANT TO AN EXEMPTION FROM REGISTRATION
UNDER SUCH ACT.

                                                                    May 24, 2004

                                     WARRANT

                  TO SUBSCRIBE FOR AND PURCHASE COMMON STOCK OF
                            BAM! ENTERTAINMENT, INC.

             VOID AFTER 5:00 P.M., CALIFORNIA TIME, ON MAY 24, 2009,
           OR IF NOT A BUSINESS DAY, AS DEFINED HEREIN, AT 5:00 P.M.,
           CALIFORNIA TIME, ON THE IMMEDIATELY PRECEDING BUSINESS DAY

No. MCP-1

      THIS CERTIFIES that, for good and valuable consideration, Milestone
Capital Partners Ltd. ("MCP"), or registered assigns (the "Warrantholder"), is
entitled to subscribe for and purchase from BAM! ENTERTAINMENT, INC., a Delaware
corporation (the "Company"), at an exercise price per share equal to $0.594
(such price, as from time to time to be adjusted as hereinafter provided, being
hereinafter called the "Warrant Price"), at any time and from time to time prior
to the Expiration Date (as defined below), up to 12,048 fully paid,
nonassessable shares of Common Stock, $0.001 par value, of the Company ("Common
Stock"), subject, however, to the provisions and upon the terms and conditions
hereinafter set forth, including without limitation the provisions of Section 2
hereof. "Expiration Date" shall mean 5:00 P.M., California time, on May 24,
2009, or if not a Business Day, as defined herein, at 5:00 P.M., California
time, on the immediately preceding business day. "Business Day" shall mean a day
other than a Saturday, Sunday or other day on which banks in the State of
California are authorized by law to remain closed.

SECTION 1. EXERCISE OF WARRANT

      (a) CASH EXERCISE

      This Warrant may be exercised, at any time and from time to time prior to
the Expiration Date, by the Warrantholder, in whole or in part (but not as to a
fractional share of Common Stock and in no event for less than 500 shares
(unless less than an aggregate of 500 shares are then purchasable under all
outstanding Warrants held by a Warrantholder), by the completion of the
subscription form attached hereto and by the surrender of this Warrant (properly
endorsed) at the Company's offices at 333 West Santa Clara Street, Suite 716,
San Jose, CA 95113 (or at such other location in the United States as the
Company may designate by notice in writing to the Warrantholder at the address
of the Warrantholder appearing on the books of the Company), and by payment to
the Company of the Warrant Price, in cash, by wire transfer for the account of
the Company or by certified or official bank check, for each share being
purchased.

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      (b) NET EXERCISE

      Notwithstanding anything to the contrary contained in Section 1(a) and
subject to the last sentence of this Section 1(b), the Warrantholder may elect
to exercise this Warrant and receive shares on a "net exercise" basis in an
amount equal to the value of this Warrant by delivery of the subscription form
attached hereto and surrender of this Warrant at the principal office of the
Company, in which event the Company shall issue to Holder a number of shares
computed using the following formula:

                  X =   (P)(Y)(A-B)
                        -----------
                                A

      Where:      X =   the number of shares of Common Stock to be issued to
                        Holder.

                  P =   the portion of the Warrant being exercised.

                  Y =   the number of shares of Common Stock issuable upon
                        exercise of this Warrant if the Warrant were exercised
                        for cash.

                  A =   the Current Market Price (as determined pursuant to
                        Section 1(d)) of one share of Common Stock.

                  B =   Warrant Price.

Notwithstanding anything in this Warrant to the contrary, the provisions of this
Section 1(b) shall not be applicable if, at the time of exercise of this
Warrant, a registration statement under the Securities Act of 1933 covering the
resale of the shares issued upon such exercise is in effect.

      (c) PROCEDURE FOR EXERCISE

      In the event of any exercise of the rights represented by this Warrant, a
certificate or certificates for the total number of whole shares of Common Stock
so purchased, registered in the name of the Warrantholder, shall be delivered to
the Warrantholder within a reasonable time, not exceeding five Business Days,
after the rights represented by this Warrant shall have been so exercised; and,
unless this Warrant has expired, a new Warrant representing the number of shares
(except a remaining fractional share), if any, with respect to which this
Warrant shall not then have been exercised shall also be issued to the
Warrantholder within such time. With respect to any such exercise, the
Warrantholder shall for all purposes be deemed to have become the holder of
record of the number of shares of Common Stock evidenced by such certificate or
certificates from the date on which this Warrant was surrendered and if exercise
is pursuant to Section 1(a), payment of the Warrant Price was made, irrespective
of the date of delivery of such certificate, except that, if the date of such
surrender and payment is a date on which the stock transfer books of the Company
are closed, such person shall be deemed to have become the holder of such shares
at the close of business on the next succeeding date on which the stock transfer
books are open. No fractional shares shall be issued upon exercise of this
Warrant and no payment or adjustment shall be made upon any exercise on account
of any cash dividends on the Common Stock issued upon such exercise. If any
fractional interest in a share of Common Stock would, except for the provisions
of this Section 1, be delivered upon any such exercise, the Company, in lieu of
delivering the fractional share thereof, shall pay to the Warrantholder an
amount in cash equal to the Current Market Price of such fractional interest, as
determined below.

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      (d) CURRENT MARKET PRICE

      For any computation hereunder, the "Current Market Price" per share of
Common Stock on any date shall be deemed to be the average of the daily Market
Price per share for the 30 consecutive Trading Days commencing 45 Trading Days
before the date in question. "Market Price" is defined as the closing bid price
of such security on the principal United States securities exchange or trading
market on which such security is listed or traded as reported by the Research
Service of Nasdaq Trading and Market Services (or a comparable reporting service
of national reputation), or if the foregoing does not apply, the last reported
sale price of such security in the over-the-counter market on the electronic
bulletin board for such security as reported by Nasdaq, or, if no sale price is
reported for such security by Nasdaq, the average of the bid prices of any
market makers for such security as reported in the "pink sheets" by Pink Sheets
LLC (formerly the National Quotation Bureau, Inc.). If Market Price cannot be
established as described above, Market Price shall be the fair market value of
the Common Stock as determined in good faith by the Board of Directors. The term
"Trading Day" shall mean a day on which Nasdaq or the principal national
securities exchange on which the Common Stock is listed or admitted to trading
is open for the transaction of business.

SECTION 2. ADJUSTMENTS

      The Warrant Price and the number and kind of shares issuable hereunder
shall be subject to adjustment from time to time upon the happening of certain
events as provided in this Section 2.

      In the event that any adjustment of the Warrant Price as required herein
results in a fraction of a cent, such Warrant Price shall be rounded up or down
to the nearest cent; provided that, in no event shall the Warrant Price per
share be reduced below $0.01.

            (a) Subdivision or Combination of Common Stock. If the Company, at
any time prior to the Expiration Date, subdivides (by any stock split, stock
dividend, recapitalization, reorganization, reclassification or otherwise) its
shares of Common Stock into a greater number of shares, then, after the date of
record for effecting such subdivision, the Warrant Price in effect immediately
prior to such subdivision will be proportionately reduced. If the Company, at
any time prior to the Expiration Date, combines (by reverse stock split,
recapitalization, reorganization, reclassification or otherwise) its shares of
Common Stock into a smaller number of shares, then, after the date of record for
effecting such combination, the Warrant Price in effect immediately prior to
such combination will be proportionately increased.

            (b) Adjustment in Number of Shares. Upon each adjustment of the
Warrant Price pursuant to the provisions of this Section 2 other than a Company
Reduction as defined in Section 2(k), the number of shares of Common Stock
issuable upon exercise of this Warrant shall be increased or decreased to equal
the quotient obtained by dividing (i) the product of (A) the Warrant Price in
effect immediately prior to such adjustment, multiplied by (B) the number of
shares of Common Stock issuable upon exercise of this Warrant immediately prior
to such adjustment, by (ii) the adjusted Warrant Price .

            (c) Consolidation, Merger or Sale. In case of any consolidation of
the Company with, or merger of the Company into, any other entity, or in case of
any sale or conveyance of all or substantially all of the assets of the Company
other than in connection with a plan of complete liquidation of the Company at
any time prior to the Expiration Date, then as a condition of such
consolidation, merger or sale or conveyance, adequate provision will be made
whereby the holder of this Warrant will have the right to acquire and receive
upon exercise of this Warrant in lieu of the shares of Common Stock immediately
theretofore acquirable upon the exercise of this Warrant, such shares of stock,
securities, cash or assets as may be issued or payable with respect to or in
exchange for the number of shares of Common Stock immediately theretofore
acquirable and receivable upon exercise of this Warrant had such

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consolidation, merger or sale or conveyance not taken place. In any such case,
the Company will make appropriate provision to insure that the provisions of
this Section 2 will thereafter be applicable as nearly as may be in relation to
any shares of stock or securities thereafter deliverable upon the exercise of
this Warrant. The Company will not effect any consolidation, merger or sale or
conveyance unless prior to the consummation thereof, the successor entity (if
other than the Company) assumes by written instrument the obligations under this
Warrant and the obligations to deliver to the holder of this Warrant such shares
of stock, securities or assets as, in accordance with the foregoing provisions,
the holder may be entitled to acquire.

            (d) Distribution of Assets. In case the Company shall declare or
make any distribution of its assets (other than cash) (or rights to acquire its
assets (other than cash)) to all holders of Common Stock as a partial
liquidating dividend, stock repurchase, by way of return of capital or otherwise
(including any dividend or distribution to the Company's stockholders of shares
(or rights to acquire shares) of capital stock of a subsidiary) (a
"Distribution"), at any time prior to the Expiration Date, then, upon exercise
of this Warrant for the purchase of any or all of the shares of Common Stock
subject hereto, the holder of this Warrant shall be entitled to receive its
pro-rata amount of such assets (or such rights) as would have been payable to
the holder had such holder been the holder of such shares of Common Stock on the
record date for the determination of stockholders entitled to such Distribution.

            (e) Notice of Adjustment. Upon the occurrence of any event which
requires any adjustment of the Warrant Price other than a Company Reduction as
defined in Section 2(k), then, and in each such case, the Company shall give
notice thereof to the holder of this Warrant, which notice shall state the
Warrant Price resulting from such adjustment and the increase or decrease in the
number of Warrant Shares issuable upon exercise of this Warrant, setting forth
in reasonable detail the method of calculation and the facts upon which such
calculation is based. The Chief Financial Officer of the Company shall certify
such calculation.

            (f) Minimum Adjustment of the Warrant Price. No adjustment of the
Warrant Price shall be made in an amount of less than 1% of the Warrant Price in
effect at the time such adjustment is otherwise required to be made, but any
such lesser adjustment shall be carried forward and shall be made at the time
and together with the next subsequent adjustment which, together with any
adjustments so carried forward, shall amount to not less than 1% of such Warrant
Price.

            (g) No Fractional Shares. No fractional shares of Common Stock are
to be issued upon the exercise of this Warrant, but the Company shall pay a cash
adjustment in respect of any fractional share which would otherwise be issuable
in an amount equal to the same fraction of the closing bid price of a share of
Common Stock on the Principal Market on the date of such exercise.

            (h) Other Notices. In case at any time:

                  (i) the Company shall declare any dividend upon the Common
      Stock payable in shares of stock of any class or make any other
      distribution (other than dividends or distributions payable in cash out of
      retained earnings consistent with the Company's past practices with
      respect to declaring dividends and making distributions) to the holders of
      the Common Stock;

                  (ii) the Company shall offer for subscription pro rata to the
      holders of the Common Stock any additional shares of stock of any class or
      other rights;

                  (iii) there shall be any capital reorganization of the
      Company, or reclassification of the Common Stock, or consolidation or
      merger of the Company with or into, or sale of all or substantially all of
      its assets to, another corporation or entity; or

                  (iv) there shall be a voluntary or involuntary dissolution,
      liquidation or winding up of the Company;

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then, in each such case, the Company shall give to the holder of this Warrant
(a) notice of the date or estimated date on which the books of the Company shall
close or a record shall be taken for determining the holders of Common Stock
entitled to receive any such dividend, distribution, or subscription rights or
for determining the holders of Common Stock entitled to vote in respect of any
such reorganization, reclassification, consolidation, merger, sale, dissolution,
liquidation or winding-up and (b) in the case of any such reorganization,
reclassification, consolidation, merger, sale, dissolution, liquidation or
winding-up, notice of the date (or, if not then known, a reasonable estimate
thereof by the Company) when the same shall take place. Such notice shall also
specify the date on which the holders of Common Stock shall be entitled to
receive such dividend, distribution, or subscription rights or to exchange their
Common Stock for stock or other securities or property deliverable upon such
reorganization, reclassification, consolidation, merger, sale, dissolution,
liquidation, or winding-up, as the case may be. Such notice shall be given at
least fifteen (15) days prior to the record date or the date on which the
Company's books are closed in respect thereto. Failure to give any such notice
or any defect therein shall not affect the validity of the proceedings referred
to in clauses (i), (ii), (iii) and (iv) above. Notwithstanding the foregoing,
the Company may publicly disclose the substance of any notice delivered
hereunder prior to delivery of such notice to the holder of this Warrant.

      (i) Certain Events. If, at any time prior to the Expiration Date, any
event occurs of the type contemplated by the adjustment provisions of this
Section 2 but not expressly provided for by such provisions, the Company will
give notice of such event as provided in Section 2(e) hereof, and the Company's
Board of Directors will make an appropriate adjustment in the Warrant Price and
the number of shares of Common Stock acquirable upon exercise of this Warrant so
that the rights of the holder shall be neither enhanced nor diminished by such
event.

      (j) Certain Definitions.

                  (i) "Business Day" means any day, other than a Saturday or
      Sunday or a day on which banking institutions in the State of New York are
      authorized or obligated by law, regulation or executive order to close.

                  (ii) "Common Stock," for purposes of this Section 2, includes
      the Common Stock and any additional class of stock of the Company having
      no preference as to dividends or distributions on liquidation, provided
      that the shares purchasable pursuant to this Warrant shall include only
      Common Stock in respect of which this Warrant is exercisable, or shares
      resulting from any subdivision or combination of such Common Stock, or in
      the case of any reorganization, reclassification, consolidation, merger,
      or sale of the character referred to in Section 2(c) hereof, the stock or
      other securities or property provided for in such Section.

                  (iii) "Principal Market" means the Nasdaq Stock Market or, if
      the Common Stock is not traded on the Nasdaq Stock Market, then the
      principal securities exchange or trading market for the Common Stock.

      (k) Adjustment of Warrant Price by the Company. To the extent permitted by
applicable law, the Company at any time shall have the right to reduce the
Warrant Price (a "Company Reduction") by any amount for any period of time;
provided that the conditions of this Section 2(k) are satisfied. The Company may
exercise its right to Company Reduction by delivering to the holder of this
Warrant written notice (a "Company Reduction Notice") at least 15 Business Days
prior to the first day of the Company Reduction Period (as defined below). The
Company Reduction Notice shall state the reduced Warrant Price (the "Alternative
Warrant Price") and the period (the "Company Reduction Period") during which the
Alternative Warrant Price will be in effect, which Company Reduction Period must
be at least 15 Business Days in duration. A Company Reduction Notice shall be
irrevocable. The Warrant Price shall be adjusted upon the expiration of the
Company Reduction Period to the Warrant Price that otherwise would then be in
effect if the Company Reduction had not occurred. Notwithstanding anything to
the contrary in this Section 2(k), the Alternative Warrant Price shall at no
time be greater than the Warrant

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Price that otherwise would be in effect during such Company Reduction Period if
such Company Reduction had not occurred.

SECTION 3 LOCKUP; MARKET STANDOFF

      (a) Notwithstanding whether or not the securities issuable upon exercise
of this Warrant become registered or otherwise tradeable without restriction,
the Warrantholder hereby agrees that, for a period of 180 days from the date
hereof, it shall not directly or indirectly sell, offer to sell, contract to
sell (including, without limitation, any short sale), grant any option to
purchase or otherwise transfer or dispose of this Warrant or any securities of
the Company issuable upon exercise of this Warrant during such period. In order
to enforce the foregoing covenant, the Company may impose stop-transfer
instructions with respect to this Warrant and the securities issuable upon
exercise of this Warrant until the end of such period.

      (b) The Warrantholder hereby agrees that, during the period of duration
(up to, but not exceeding 180 days or the period agreed to by the Company's
officers and directors, whichever is less) specified by the Company and an
underwriter of Common Stock or other equity securities of the Company, following
the effective date of a registration statement of the Company filed under the
Securities Act, it shall not, to the extent requested by the Company and such
underwriter, directly or indirectly sell, offer to sell, contract to sell
(including, without limitation, any short sale), grant any option to purchase or
otherwise transfer or dispose of (other than to donees who agree to be similarly
bound) any securities of the Company held by it at any time during such period
except Common Stock included in such registration. In order to enforce the
foregoing covenant, the Company may impose stop-transfer instructions with
respect to the securities of the Warrantholder until the end of such period, and
the Warrantholder agrees that, if so requested, the Warrantholder will execute
an agreement in the form provided by the underwriter containing terms which are
essentially consistent with the provisions of this Section.

SECTION 4. REGISTRATION RIGHTS

      The Company and the Warrantholder hereby adopt, incorporate and make a
part of this Agreement each of the provisions, rights, duties, obligations,
representations, conditions and responsibilities of the respective parties to
that certain Warrant Shares Registration Rights Agreement dated as of May 24,
2004 (the "Registration Rights Agreement") by and between the Company and the
Initial Investors (as defined in the Registration Rights Agreement) as though
Warrantholder was party to the Registration Rights Agreement as an Initial
Investor and as though such Registration Rights Agreement were fully set forth
herein with the following exceptions:

            (a) As used in the Registration Rights Agreement

                  (i)   "Investors" shall mean Warrantholder;

                  (ii)  "Registrable Securities" shall mean the shares of Common
Stock issuable upon exercise of this Warrant and any shares of capital stock
issued or issuable, from time to time (with adjustments), as a distribution on
or in exchange for or otherwise with respect to thereto.

SECTION 5. NO STOCKHOLDERS RIGHTS OR LIABILITIES

      This Warrant shall not entitle the Warrantholder to any voting rights or
other rights as a stockholder of the Company. No provision hereof, in the
absence of affirmative action by the Warrantholder to purchase shares of Common
Stock, and no mere enumeration herein of the rights or privileges of the
Warrantholder shall give rise to any liability of such Warrantholder for the
Warrant Price

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or as a stockholder of the Company, whether such liability is asserted by the
Company or by creditors of the Company.

SECTION 6. LOST, STOLEN, MUTILATED OR DESTROYED WARRANT

      In case this Warrant shall be mutilated, lost, stolen or destroyed, the
Company shall, at the request of the holder, issue and deliver in exchange and
substitution for and upon cancellation of the mutilated certificate or
certificates, or in lieu of and substitution for the certificate or certificates
lost, stolen or destroyed, a new Warrant certificate or certificates of like
tenor and representing an equivalent right or interest, but only upon receipt of
evidence satisfactory to the Company of such loss, theft or destruction of such
Warrant and an agreement of indemnity, if requested.

SECTION 7. NOTICES

      All notices, requests and other communications required or permitted to be
given or delivered hereunder shall be in writing, and shall be delivered, or
shall be sent by certified or registered mail or overnight courier, postage
prepaid, or by facsimile,

            (a) If to a Warrantholder or a holder of shares issued upon exercise
of this Warrant, addressed to

                           Milestone Capital Partners
                           __________________________
                           __________________________
                           Telephone No.: (____) ___________
                           Facsimile No.: (____) ___________
                           Attention: Charles Prast
                                      Director

            (b) If to the Company addressed to it:

                           BAM! Entertainment, Inc.
                           333 West Santa Clara Street, Suite 716
                           San Jose, CA 95113
                           Telephone No.: (408) 298-7500
                           Facsimile No.: (408) 298-9600
                           Attention: Raymond Musci
                                      President

                           With a copy to:

                           Kirkpatrick & Lockhart LLP
                           10100 Santa Monica Blvd, 7th Floor
                           Los Angeles, California 90067
                           Telephone (310) 552-5000
                           Fax (310) 552-5001
                           Attention: Thomas Poletti, Esq.

      Each party may from time to time change the address to which notices to it
are to be delivered or mailed hereunder by notice in accordance herewith to the
other party.

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SECTION 8. Representations and Warranties of Warrantholder.

            (a) Acquisition for Own Account. Warrantholder is acquiring the
Warrant and the shares of Common Stock upon exercise thereof ("Securities") for
Warrantholder's own account and not with a present view towards the distribution
thereof. Warrantholder understands that Warrantholder must bear the economic
risk of this investment indefinitely, unless the Securities are registered
pursuant to the Securities Act and any applicable state securities or blue sky
laws or an exemption from such registration is available, and that the Company
has no present intention of registering any of the Securities other than as
contemplated by the Registration Rights Agreement. Notwithstanding anything in
this Section 8(a) to the contrary, by making the foregoing representation,
Warrantholder does not agree to hold the Securities for any minimum or other
specific term and reserves the right to dispose of the Securities at any time in
accordance with or pursuant to a registration statement or an exemption from
registration under the Securities Act and any applicable state securities laws.

            (b) Information. Warrantholder has been furnished all materials
relating to the business, finances and operations of the Company and materials
relating to the issuance of the Securities, which have been requested by
Warrantholder. Warrantholder has been afforded the opportunity to ask questions
of the Company and has received what Warrantholder believes to be satisfactory
answers to any such inquiries. Warrantholder understands that its investment in
the Securities involves a high degree of risk.

            (c) Governmental Review. Warrantholder understands that no United
States federal or state agency or any other government or governmental agency
has passed upon or made any recommendation or endorsement of the Securities.

            (d) Authorization; Enforcement. Warrantholder has the requisite
power and authority to enter into and perform its obligations under this Warrant
and to purchase the shares in accordance with the terms hereof. This Warrant has
been duly and validly authorized, executed and delivered on behalf of
Warrantholder and is a valid and binding agreement of Warrantholder enforceable
against Warrantholder in accordance with its terms, subject to applicable
bankruptcy, insolvency, reorganization, moratorium, fraudulent transfer and
other laws affecting creditors' rights and remedies generally and to general
principles of equity (regardless of whether enforcement is sought in a
proceeding at law or in equity).

            (e) Transfer or Resale. Warrantholder understands that (i) except as
provided in the Registration Rights Agreement, the Securities have not been and
are not being registered under the Securities Act or any state securities laws,
and may not be transferred unless (A) subsequently registered thereunder, or (B)
Warrantholder shall have delivered to the Company an opinion of counsel
reasonably acceptable to the Company (which opinion shall be in form, substance
and scope customary for opinions of counsel in comparable transactions) to the
effect that the Securities to be sold or transferred may be sold or transferred
under an exemption from such registration, or (C) sold under Rule 144
promulgated under the Securities Act (or a successor rule), or (D) sold or
transferred to an employee or other affiliate of Warrantholder pursuant to an
exemption under the Securities Act; and (ii) neither the Company nor any other
person is under any obligation to register such Securities under the Securities
Act or any state securities laws or to comply with the terms and conditions of
any exemption thereunder, in each case, other than pursuant to the Registration
Rights Agreement.

            (f) Legend. Warrantholder understands that this Warrant and the
shares of Common Stock issuable upon exercise of this Warrant and, until such
time as the shares of Common Stock issuable upon exercise of this Warrant have
been registered under the Securities Act as contemplated by the Registration
Rights Agreement or otherwise may be sold by Warrantholder under Rule 144, the
certificates for the shares may bear a restrictive legend in substantially the
following form:

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      These securities have not been registered under the Securities Act of
      1933, as amended, or the securities laws of any state of the United
      States. The securities represented hereby may not be offered or sold in
      the absence of an effective registration statement for the securities
      under applicable securities laws unless offered, sold or transferred under
      an available exemption from the registration requirements of those laws.

The legend set forth above shall be removed and the Company shall issue a
certificate without such legend to the holder of any Security upon which it is
stamped, if (a) the sale of such Security is registered under the Securities Act
or (b) in connection with the resale of such Security, such holder provides the
Company with an opinion of counsel, in form, substance and scope customary for
opinions of counsel in comparable transactions, to the effect that a public sale
or transfer of such Security may be made without registration under the
Securities Act or (c) such holder provides the Company with reasonable
assurances that such Security can be sold under Rule 144(k). Warrantholder
agrees to sell all Securities, including those represented by a certificate(s)
from which the legend has been removed, pursuant to an effective registration
statement or under an exemption from the registration requirements of the
Securities Act.

            (g). Accredited Investor Status. Warrantholder is an "accredited
investor" as that term is defined in Rule 501(a) of Regulation D.

SECTION 9. AMENDMENTS AND WAIVERS

      This Warrant and any term hereof may be changed, waived, discharged or
terminated only by an instrument in writing signed by the party against which
enforcement of such change, waiver, discharge or termination is sought.

SECTION 10. SEVERABILITY

      If one or more provisions of this Warrant are held to be unenforceable
under applicable law, such provisions shall be excluded from this Warrant, and
the balance of this Warrant shall be interpreted as if such provision were so
excluded and shall be enforceable in accordance with its terms.

SECTION 11. GOVERNING LAW

      This Warrant shall be governed by and construed in accordance with the
laws of the State of California applicable to contracts made and to be performed
in the State of California.

SECTION 12. HEADINGS

      The headings in this Warrant are for purposes of reference only and shall
not limit or otherwise affect any of the terms hereof.

SECTION 13. COUNTERPARTS

      This Warrant may be executed in any number of counterparts, each of which
shall be deemed an original but all of which together shall constitute one and
the same instrument.

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SECTION 14. ISSUE TAX.

      The issuance of certificates for shares upon the exercise of this Warrant
shall be made without charge to the holder of this Warrant or such shares for
any issuance tax or other costs in respect thereof, provided that the Company
shall not be required to pay any tax which may be payable in respect of any
transfer involved in the issuance and delivery of any certificate in a name
other than the holder of this Warrant.

[REMAINDER OF PAGE INTENTIONALLY LEFT BLANK]

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      IN WITNESS WHEREOF, the Company and WP have executed this Warrant on and
as of the day and year first above written.

                                   BAM! ENTERTAINMENT, INC.,
                                   a Delaware corporation

                                   By: /s/ Stephen Ambler
                                       __________________________________

                                           Stephen Ambler
                                       ___________________________________

                                   Its: CFO/VP Finance
                                       ___________________________________

Attest:

__________________

                                   MILESTONE CAPITAL PARTNERS LTD.

                                   By: ____________________________________
                                       ______________________________
                                   Its:___________________________________

                                       11
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                                SUBSCRIPTION FORM

(To be executed upon exercise of this Warrant)

BAM! Entertainment, Inc.
333 West Santa Clara Street, Suite 716
San Jose, CA 95113
Attention: ________________

      The undersigned hereby irrevocably elects to exercise the right of
purchaser represented by the within Warrant for, and to purchase thereunder,
______________ shares of Common Stock, as provided for therein, and either
tenders herewith payment of the purchase price in full in the form of cash or a
certified or official bank check in the amount of $_____________ or, if the
undersigned elects pursuant to Section 1(b) of the within Warrant to convert
such Warrant into Common Stock a net issuance basis, the undersigned exercises
the within Warrant by exchange under the terms of Section 1(b).

      Please issue a certificate or certificates for such Common Stock in the
name of, and pay any cash for any fractional share to:

                                  Name:______________________________

                                  Address:

                                  Social
                                  Security No:

      If said number of shares shall not be all the shares purchasable under the
within Warrant, a new Warrant is to be issued in the name of said undersigned
for the balance remaining of the shares purchasable thereunder rounded up to the
next higher number of shares.

                                  Name_______________________________

                                  Signature____________________________

                                  Note:    The above signature must correspond
                                           exactly with the name on the first
                                           page of this Warrant or with the
                                           name of the assignee appearing in the
                                           assignment form below.

                                       12
<PAGE>

                                   ASSIGNMENT

(To be executed only upon assignment of Warrant)

      For value received, _______________________________ hereby sells, assigns
and transfers unto _______________________ the within Warrant Certificate,
together with all right, title and interest therein, and does hereby irrevocably
constitute and appoint ____________________ attorney, to transfer said Warrant
on the books of the within-named Company with respect to the number of Warrants
set forth below, with full power of substitution in the premises:

                  Name(s) of
                  Assignee(s)/Address             No. of Warrants

And if said number of Warrants shall not be all the Warrants represented by the
Warrant, a new Warrant is to be issued in the name of said undersigned for the
balance remaining of the Warrants registered by said Warrant.

                                   Name_______________________

Dated: __________________          Signature____________________

                                   Note: The above signature must correspond
                                         exactly with the name on the face of
                                         this Warrant

                                       13<PAGE>
                                                                    EXHIBIT 4.10

                                                                          PAGE 1

                          REGISTRATION RIGHTS AGREEMENT

REGISTRATION RIGHTS AGREEMENT (this "AGREEMENT"), dated as of     , 2004, by and
among BAM! Entertainment, Inc., a corporation organized under the laws of the
State of Delaware (the "COMPANY"), and the undersigned (the "SHAREHOLDERS").

WHEREAS:

A.    the Shareholders of VIS have accepted an Offer made by BAM dated 24 March,
      2004 hereof (the "OFFER;" capitalized terms used herein and not otherwise
      defined herein shall have the respective meanings set forth in the Offer)
      pursuant to which the Company has agreed, upon the terms and subject to
      the conditions contained therein to issue to Shareholders of VIS, shares
      of the Company's common stock, US $0.001 par value. The Shareholders of
      SOE Development Limited ("SOED") have agreed to sell to the Company the
      whole of the share capital of SOED pursuant to a Sale and Purchase
      Agreement dated 18 March 2004 ("SPA") under which the Company has agreed
      upon the terms and subject to the conditions contained in the agreement
      for such sale and purchase to issue to the Shareholders of SOED (or as
      they may direct) shares of the Company's common stock US $0.001 par value.
      In connection with the Offer and the acquisition of SOED, the Company has
      agreed, upon the terms and subject to the conditions contained in the
      Offer and the SPA, to issue to the Shareholders shares of the Company's
      common stock, US $0.001 par value (all of such shares of common stock to
      be issued to the Shareholders of VIS and to the Shareholders of SOED (or
      as may be directed by the Shareholders of SOED) referred to in this
      Agreement as the "COMMON STOCK"). The shares of Common Stock issuable on
      Completion under the Offer and the acquisition of SOED are referred to
      herein as the "BAM SHARES."

B.    In order for the VIS Shareholders to validly accept the Offer and each
      Shareholder of SOED to validly complete the sale of their respective
      shares in SOED, each individual Shareholder is required to execute and
      deliver this Agreement to BAM and the Company has agreed to provide
      certain registration rights under the Securities Act of 1933, as amended,
      and the rules and regulations thereunder, or any similar successor statute
      (collectively, the "SECURITIES ACT"), and applicable state securities
      laws;

      NOW, THEREFORE, in consideration of the premises and the mutual covenants
      contained herein and other good and valuable consideration, the receipt
      and sufficiency of which are hereby acknowledged, the Company and the
      Shareholders, intending to be legally bound, hereby agree as follows:

1.    DEFINITIONS

      As used in this Agreement, the following terms shall have the following
      meanings:

      (i)   "SHAREHOLDERS" means the VIS Shareholders and the SOED Shareholders
            and any transferees or assignees who agree to become bound by the
            provisions of this Agreement in accordance with Section 9 hereof.

<PAGE>

                                                                          PAGE 2

      (ii)  "REGISTER," "REGISTERED," and "REGISTRATION" refer to a registration
            effected by preparing and filing a Registration Statement or
            Statements in compliance with the Securities Act and pursuant to
            Rule 415 under the Securities Act or any successor rule providing
            for offering securities on a continuous basis ("RULE 415"), and the
            declaration or ordering of effectiveness of such Registration
            Statement by the United States Securities and Exchange Commission
            (the "SEC").

      (iii) "REGISTRABLE SECURITIES" means the aggregate of 9,000,000 BAM Shares
            to be issued to the VIS Shareholders pursuant to the Offer and to
            the SOED Shareholders pursuant to the agreement to acquire SOED.

      (iv)  "REGISTRATION STATEMENT" means one or more registration statements
            of the Company under the Securities Act registering all of the
            Registrable Securities, including the Initial Registration
            Statements, any Uncovered Shares Amendments and Uncovered Shares
            Registration Statements (each, as defined below).

2.    REGISTRATION.

      Mandatory Registration. The Company shall file with the United States
      Securities and Exchange Commission ("SEC"), on the date which is on or
      before the thirtieth (30th) calendar day after the Closing Date (the
      "FILING DEADLINE") a Registration Statement on Form S-3 (or, if Form S-3
      is not then available, on such form of Registration Statement as is then
      available to effect a registration of the Registrable Securities) covering
      the resale of all the BAM Shares (the "REGISTRATION STATEMENT"). The
      Registration Statement (and each amendment or supplement thereto, and each
      request for acceleration of effectiveness thereof) shall be provided to
      the Shareholders and their counsel at least two (2) Business Days prior to
      its filing or other submission. If for any reason the staff of the SEC
      determines that all or any portion of the Registrable Securities cannot be
      included in a Registration Statement (an "SEC DETERMINATION")) and such
      Registration Statement declared effective by the SEC does not include all
      of the Registrable Securities (any such shares that are not included being
      the "UNCOVERED SHARES"), the Company shall prepare and file with the SEC,
      as soon as practicable, but in any event prior to the tenth (10th)
      Business Day after becoming aware of the existence of any Uncovered Shares
      (Such date referred to herein as the "UNCOVERED SHARE FILING DEADLINE"),
      either (a) an amendment (the "UNCOVERED SHARES AMENDMENT") to such
      Registration Statement effecting a registration of the Uncovered Shares or
      (b) a registration statement which registers the Uncovered Shares (the
      "UNCOVERED SHARES REGISTRATION STATEMENT"). The Uncovered Shares Amendment
      or the Uncovered Shares Registration Statement (and each amendment or
      supplement thereto, and each request for acceleration of effectiveness
      thereof) shall be provided to the Shareholders and their counsel at least
      concurrently with its filing or other submission. The Company shall use
      its best efforts to cause each Registration Statement and each Uncovered
      Shares Amendment or Uncovered Shares Registration Statement required to be
      filed pursuant to this Section 2 to become effective as soon as
      practicable, after the filing thereof

<PAGE>

                                                                          PAGE 3

3.    OBLIGATIONS OF THE COMPANY.

      In connection with the registration of the Registrable Securities, the
      Company shall have the following obligations:

      (a)   The Company shall prepare and file with the SEC, on or before the
            Filing Deadline or the Uncovered Share Filing Deadline, as
            applicable, the applicable Registration Statement required by
            Section 2 and shall use its best efforts to cause such Registration
            Statement to become effective as soon as practicable after such
            filing. The Company shall use its best efforts to keep such
            Registration Statement effective pursuant to Rule 415 for a period
            of 24 months from the date it became effective (the "REGISTRATION
            PERIOD"). In the event that the sale of Registrable Securities by
            one or more Shareholders is determined by the SEC to constitute a
            primary offering, upon the written request from time to time of any
            such Shareholder, the Company shall as promptly as practicable cause
            a Registration Statement to be amended and/or one or more additional
            Registration Statements (which may be requested on a sequential
            basis) to be filed (as specified by the applicable Shareholders) and
            to be declared effective; and take all other actions reasonably
            requested by such Shareholders to effectuate the offering of
            Registrable Securities. If a Registration Statement is not filed on
            Form S-3, the Company shall, as soon as it is eligible to do so,
            file a post-effective amendment on Form S-3 to the Initial
            Registration Statement to the extent permitted by the SEC or, if not
            so permitted, file a new Registration Statement on Form S-3 to
            permit sales of the Registrable Securities pursuant to Rule 429
            under the Securities Act; and the Company shall use its best efforts
            to cause such post-effective amendment or Registration Statement to
            become effective as soon as possible. Each Registration Statement
            (including any amendments or supplements thereto and prospectuses
            contained therein and all documents incorporated by reference
            therein) filed pursuant to this Agreement (i) shall comply in all
            material respects with the requirements of the Securities Act and
            the rules and regulations of the SEC promulgated thereunder and (ii)
            shall not contain any untrue statement of a material fact or omit to
            state a material fact required to be stated therein, or necessary to
            make the statements therein not misleading. The financial statements
            of the Company included in the Registration Statement or
            incorporated by reference therein will comply as to form in all
            material respects with applicable accounting requirements and the
            published rules and regulations of the SEC applicable with respect
            thereto. Such financial statements shall be prepared in accordance
            with U.S. generally accepted accounting principles, consistently
            applied, during the periods involved (except (i) as may be otherwise
            indicated in such financial statements or the notes thereto, or (ii)
            in the case of unaudited interim statements, to the extent they may
            not include footnotes or may be condensed or summary statements) and
            shall fairly present in all material respects the consolidated
            financial position of the Company and its consolidated subsidiaries
            as of the dates thereof and the consolidated results of their
            operations and cash flows for the periods then ended (subject, in
            the case of unaudited statements, to immaterial year-end
            adjustments).

<PAGE>

                                                                          PAGE 4

      (b)   The Company shall prepare and file with the SEC such amendments
            (including post-effective amendments) and supplements to the
            Registration Statement and the prospectus used in connection with
            the Registration Statement as may be necessary to keep the
            Registration Statement effective at all times during the
            Registration Period, and, during such period, comply with the
            provisions of the Securities Act with respect to the disposition of
            all Registrable Securities of the Company covered by the
            Registration Statement. Notwithstanding any provision in this
            Agreement to the contrary, the Company's obligations hereunder to
            file a Registration Statement, to have the same declared effective
            and to keep a registration statement continuously in effect under
            the Securities Act shall be suspended (a "Grace Period") if the
            fulfilment of such obligations would require the Company to make a
            disclosure that would, in the reasonable judgment of the Company's
            Board of Directors and evidenced by a written resolution of the
            Company's board of directors delivered to each Shareholder whose
            Registrable Securities are included (or are to be included) in such
            Registration Statement, have a material adverse effect on the
            Company provided, that the Registration Statement shall be suspended
            for a total of no more than one period of thirty (30) days during
            any twelve (12) month period. The provisions of Section 2(b) hereof
            shall not be applicable during and shall be tolled as a result of
            any Grace Period.

      (c)   The Company shall furnish to each Shareholder whose Registrable
            Securities are included in the Registration Statement (i) promptly
            after the same is prepared and publicly distributed, filed with the
            SEC. or received by the Company, one copy of the Registration
            Statement and any amendment thereto, each preliminary prospectus and
            prospectus and each amendment or supplement thereto free of charge.
            In the case of the Registration Statement referred to in Section 2,
            the Company shall furnish to each Shareholder which requests (i) a
            copy of any request to accelerate the effectiveness of any
            Registration Statement or amendment thereto, (ii) on the date of
            effectiveness of the Registration Statement or any amendment
            thereto, a notice stating that the Registration Statement or
            amendment has been declared effective, and (iii) such number of
            copies of a prospectus, including a preliminary prospectus, and all
            amendments and supplements thereto and such other documents as such
            Shareholder may reasonably request in order to facilitate the
            disposition of the Registrable Securities owned by such Shareholder
            free of charge. In responding to comments from the staff of the SEC,
            the Company shall cooperate with any Shareholder that notifies the
            Company that it desires to be consulted with respect to such
            process. Such cooperation shall solely consist of providing any such
            Shareholder with: a reasonable opportunity to comment on the text
            and substance of proposed written responses to the extent such
            comment relates to such investor or its plan of distribution of the
            Registrable Securities. To the extent that issues raised by the
            staff of the SEC have an impact primarily on any such investor
            rather than the Company, the Company shall give reasonable deference
            to such Shareholder's requests with respect to the process and
            substance of responses with respect to such issues.

<PAGE>

                                                                          PAGE 5

      (d)   The Company shall use its best efforts to (i) register and qualify
            the Registrable Securities covered by the Registration Statement
            under such other securities or "blue sky" laws of such jurisdictions
            in the United States as each Shareholder who holds Registrable
            Securities being offered reasonably requests, (ii) prepare and file
            in those jurisdictions such amendments (including post-effective
            amendments) and supplements to such registrations and qualifications
            as may be necessary to maintain the effectiveness thereof during the
            Registration Period, (iii) take such other actions as may be
            necessary to maintain such registrations and qualifications in
            effect at all times during the Registration Period, and (iv) take
            all other actions reasonably necessary or advisable to qualify the
            Registrable Securities for sale in such jurisdictions; provided,
            however, that the Company shall not be required in connection
            therewith or as a condition thereto to (a) qualify to do business in
            any jurisdiction where it would not otherwise be required to qualify
            but for this Section 3(d), (b) subject itself to general taxation in
            any such jurisdiction where it is not already subject, (c) file a
            general consent to service of process in any such jurisdiction where
            it is not otherwise required to file, (d) provide any undertakings
            that cause the Company material expense or burden, or (e) make any
            change in its certificate of incorporation or bylaws, which in each
            case the Board of Directors of the Company determines to be contrary
            to the best interests of the Company and its stockholders.

      (e)   As promptly as practicable after becoming aware of such event, the
            Company shall notify each Shareholder by telephone or facsimile of
            the happening of any event, of which the Company has knowledge, as a
            result of which the prospectus included in the Registration
            Statement, as then in effect, includes an untrue statement of a
            material fact or omission to state a material fact required to be
            stated therein or necessary to make the statements therein not
            misleading or if for any other reason it shall be necessary to amend
            or supplement the registration statement, and use its best efforts
            promptly to prepare a supplement or amendment to the Registration
            Statement to correct such untrue statement or omission or effect
            such compliance and deliver such number of copies of such supplement
            or amendment to each Shareholder as such Shareholder may reasonably
            request free of charge.

      (f)   The Company shall use its best efforts to prevent the issuance of
            any stop order or other suspension of effectiveness of a
            Registration Statement, and, if such an order is issued, to obtain
            the withdrawal of such order at the earliest practicable date
            (including in each case by amending or supplementing such
            Registration Statement) and to notify each Shareholder who holds
            Registrable Securities of the issuance of such order and the
            resolution thereof (and if such Registration Statement is
            supplemented or amended, deliver such number of copies of such
            supplement or amendment to each Shareholder as such Shareholder may
            reasonably request).

      (g)   The Company shall make available for inspection by (i) any
            Shareholder whose Registrable Securities are included in a
            Registration Statement and (ii) one firm of attorneys and one firm
            of

<PAGE>

                                                                          PAGE 6

            accountants or other agents retained by the Shareholders
            (collectively, the "INSPECTORS") all pertinent financial and other
            records, and pertinent corporate documents and properties of the
            Company, as shall be reasonably deemed necessary by each Inspector
            to enable each Inspector to exercise its due diligence
            responsibility, and cause the Company's officers, directors and
            employees to supply all information which any Inspector may
            reasonably request for purposes of such due diligence.

      (h)   The Company shall hold in confidence and not make any disclosure of
            information concerning an Shareholder provided to the Company unless
            (i) disclosure of such information is necessary to comply with
            applicable federal or state securities laws, (ii) the disclosure of
            such information is necessary to avoid or correct a misstatement or
            omission in any Registration Statement, (iii) the release of such
            information is ordered pursuant to a subpoena or other order from a
            court or governmental body of competent jurisdiction, (iv) such
            information has been made generally available to the public other
            than by disclosure in violation of this Agreement, or (v) such
            Shareholder consents to the form and content of any such disclosure.
            The Company agrees that it shall, upon learning that disclosure of
            such information concerning a Shareholder is sought in or by a court
            or governmental body of competent jurisdiction or through other
            means, give prompt notice to such Shareholder prior to making such
            disclosure, and allow the Shareholder, at its expense, to undertake
            appropriate action to prevent disclosure of, or to obtain a
            protective order for, such information.

      (i)   The Company shall use its best efforts to promptly either (i) secure
            the designation and quotation, of all the Registrable Securities
            covered by the Registration Statement on The Nasdaq Stock Market and
            on each additional securities exchange and inter-dealer quotation
            system on which securities of the same class or series issued by the
            Company are then listed, if any.

      (j)   The Company shall provide a transfer agent and registrar, which may
            be a single entity, for the Registrable Securities not later than
            the effective date of the Registration Statement.

      (k)   The Company shall cooperate with the Shareholders who hold
            Registrable Securities being offered to facilitate the timely
            preparation and delivery of certificates (not bearing any
            restrictive legends) representing Registrable Securities to be
            offered pursuant to the Registration Statement and enable such
            certificates to be in such denominations or amounts, as the case may
            be, as the Shareholders may reasonably request and registered in
            such names as the Shareholders may request.

      (l)   At the request of any Shareholder or a group of Shareholders who
            holds a majority-in-interest of the Registrable Securities, the
            Company shall prepare and file with the SEC such amendments
            (including post-effective amendments) and supplements to a
            Registration Statement and the prospectus used in connection with
            the Registration Statement each as approved by the Company, which
            approval shall not be

<PAGE>

                                                                          PAGE 7

            unreasonably withheld or delayed, as may be necessary in order to
            change the plan of distribution set forth in such Registration
            Statement.

      (m)   The Company shall comply with applicable federal and state
            securities laws and regulations related to a Registration Statement
            and offering and sale of securities.

4.    OBLIGATIONS OF THE SHAREHOLDERS.

      In connection with the registration of the Registrars Securities, the
      Shareholders shall have the following obligations:

      (a)   It shall be a condition precedent to the obligations of the Company
            to complete the registration pursuant to this Agreement with respect
            to the Registrable Securities of a particular Shareholder (or any
            damages to such Shareholder) that such Shareholder shall furnish to
            the Company such information regarding itself, the Registrable
            Securities held by it and the intended method of disposition of the
            Registrable Securities held by it as shall be reasonably required to
            effect the registration of such Registrable Securities and shall
            execute such documents in connection with such registration as the
            Company may reasonably request. At least five (5) Business Days
            prior to the first anticipated filing date of the Registration
            Statement, the Company shall notify each Shareholder of any
            information the Company requires from each such Shareholder.

      (b)   Each Shareholder, by such Shareholder's acceptance of the
            Registrable Securities, agrees to cooperate with the Company as
            reasonably requested by the Company in connection with the
            preparation and filing of the Registration Statement hereunder,
            unless such Shareholder has notified the Company in writing of such
            Shareholder's election to exclude all of such Shareholder's
            Registrable Securities from the Registration Statement.

5.    EXPENSES OF REGISTRATION.

      The Company shall pay (or reimburse the Shareholders for) all fees and
      expenses incident to the performance of or compliance with this Agreement
      by the Company, including without limitation (a) all registration and
      filing fees and expenses, including without limitation those related to
      filings with the Commission, any trading market and in connection with
      applicable state securities or Blue Sky laws (including Counsel's fees in
      connection with any survey of blue sky laws), (b) printing expenses
      (including without limitation expenses of printing certificates for
      Registrable Securities and of printing prospectuses requested by the
      Shareholders), (c) messenger, telephone and delivery expenses, (d) fees
      and disbursements of counsel for the Company, (e) fees and expenses of all
      other Persons retained by the Company in connection with the consummation
      of the transactions contemplated by this Agreement, and (f) all listing
      fees to be paid by the Company to the trading market.

<PAGE>

                                                                          PAGE 8

6.    INDEMNIFICATION.

      In the event any Registrable Securities are included in a Registration
      Statement under this Agreement:

      (a)   To the maximum extent permitted by law, the Company will indemnify,
            hold harmless and defend (i) each Shareholder who holds such
            Registrable Securities, and (ii) the directors, officers, partners,
            members, employees and agents of such Shareholder and each person
            who controls any Shareholder within the meaning of Section 15 of the
            Securities Act or Section 20 of the Securities Exchange Act of 1934,
            as amended (the "EXCHANGE ACT"), if any (each, an "INDEMNIFIED
            PERSON"), against any joint or several losses, claims, damages,
            liabilities or expenses (collectively, together with actions,
            proceedings or inquiries by any regulatory or self-regulatory
            organization, whether commenced or threatened, in respect thereof,
            "CLAIMS") to which any of them may become subject insofar as such
            Claims arise out of or are based upon: (i) any untrue statement or
            alleged untrue statement of a material fact in a Registration
            Statement or the omission or alleged omission to state therein a
            material fact required to be stated or necessary to make the
            statements therein not misleading, (ii) any untrue statement or
            alleged untrue statement of a material fact contained in any
            preliminary prospectus if used prior to the effective date of such
            Registration Statement, or contained in the final prospectus (as
            amended or supplemented, if the Company files any amendment thereof
            or supplement thereto with the SEC) or the omission or alleged
            omission to state therein any material fact necessary to make the
            statements made therein, in light of the circumstances under which
            the statements therein were made, not misleading, or (iii) any
            violation or alleged violation by the Company of the Securities Act,
            the Exchange Act, any state securities law, or any rule or
            regulation thereunder relating to the offer or sale of the
            Registrable Securities (the matters in the foregoing clauses (i)
            through (iii) being, collectively. "VIOLATIONS"). Subject to the
            restrictions set forth in Section 6(c) with respect to the number of
            legal counsel, the Company shall reimburse the Shareholders and each
            other Indemnified Person, promptly as such expenses are incurred and
            are due and payable, for any reasonable legal fees or other
            reasonable expenses incurred by them in connection with
            investigating or defending any such Claim. Notwithstanding anything
            to the contrary contained herein, the indemnification agreement
            contained in this Section 6(a): (i) shall not apply to a Claim to
            the extent it arises solely out of or based solely upon a Violation
            which occurs in reliance upon and in conformity with information
            furnished in writing to the Company by such Indemnified Person
            expressly for use in the Registration Statement or any such
            amendment thereof or supplement thereto; (ii) shall not apply to
            amounts paid in settlement of any Claim if such settlement is
            effected without the prior written consent of the Company, which
            consent shall not be unreasonably withheld or delayed; and (iii)
            with respect to any prospectus, shall not inure to the benefit of
            any Indemnified Person if the untrue statement or omission of
            material fact contained in such prospectus was corrected on a timely
            basis in the prospectus, as then amended or supplemented, if such

<PAGE>

                                                                          PAGE 9

            corrected prospectus was timely made available by the Company
            pursuant to Section 3(c) hereof in a reasonable quantity, and the
            Indemnified Person was promptly advised in writing not to use the
            incorrect prospectus prior to the use giving rise to a Violation and
            such Indemnified Person, notwithstanding such advice, used it after
            receiving such advice. Such indemnity shall remain in full force and
            effect regardless of any investigation made by or on behalf of the
            Indemnified Person and shall survive the transfer of the Registrable
            Securities by the Shareholders pursuant to Section 9.

      (b)   In connection with any Registration Statement in which a Shareholder
            is participating, each such Shareholder agrees severally and not
            jointly to indemnify, hold harmless and defend, to the same extent
            and in the same manner set forth in Section 6(a), the Company, each
            of its directors, each of its officers who signs the Registration
            Statement, its employees, agents, attorneys and each person, if any,
            who controls the Company within the meaning of Section 15 of the
            Securities Act or Section 20 of the Exchange Act, and any other
            stockholder selling securities pursuant to the Registration
            Statement or any of its directors or officers or any person who
            controls such stockholder within the meaning of the Securities Act
            or the Exchange Act (collectively and together with an Indemnified
            Person, an "INDEMNIFIED PARTY"), against any Claim to which any of
            them may become subject, under the Securities Act, the Exchange Act
            or otherwise, insofar as such Claim arises solely out of or is based
            solely upon any Violation, in each case to the extent (and only to
            the extent) that such Violation occurs in reliance upon and in
            conformity with written information furnished to the Company by such
            Shareholder relating to such Shareholder expressly for use in
            connection with such Registration Statement; and subject to Section
            6(c) such Shareholder will reimburse any reasonable legal or other
            expenses (promptly as such expenses are incurred and are due and
            payable) reasonably incurred by them in connection with
            investigating or defending any such Claim; provided, however, that
            the indemnity agreement contained in this Section 6(b) shall not
            apply to amounts paid in settlement of any Claim if such settlement
            is effected or without the prior written consent of such
            Shareholder, which consent shall not be unreasonably withheld or
            delayed. Notwithstanding anything to the contrary contained herein,
            (i) the indemnification agreement contained in this Section 6(b)
            with respect to any preliminary prospectus shall not inure to the
            benefit of any Indemnified Party if the untrue statement or omission
            of material fact by the Shareholder contained in the preliminary
            prospectus was corrected on a timely basis in the prospectus, as
            then amended or supplemented, and the Indemnified Party failed to
            utilize such corrected prospectus and (ii) except in the case of
            gross negligence or wilful misconduct the liability of each
            Shareholder hereunder shall be limited to the proportion of any such
            claim which is equal to the proportion that the public offering
            price of the shares sold by such Shareholder under such Registration
            Statement bears to the total public offering price of all securities
            sold thereunder but not in any event to exceed the net proceeds
            received by such Shareholder from the sale of Registrable Securities
            covered by such Registration Statement after deduction of all
            underwriters' discounts and commissions, if any, and all other

<PAGE>

                                                                         PAGE 10

            expenses paid by such Shareholder in connection with the
            registration in question.

      (c)   Promptly after receipt by an Indemnified Person or Indemnified Party
            under this Section 6 of notice of the commencement of any action
            (including any governmental action), such Indemnified Person or
            Indemnified Party shall, if a Claim in respect thereof is made
            against any indemnifying party under this Section 6, deliver to the
            indemnifying party a written notice of the commencement thereof, and
            the indemnifying party shall have the right to assume control of the
            defence thereof with counsel mutually satisfactory to the
            indemnifying party and the Indemnified Person or the Indemnified
            Party, as the case may be; provided, however, that such indemnifying
            party shall not be entitled to assume such defence and an
            Indemnified Person or Indemnified Party shall have the right to
            retain its own counsel with the reasonable fees and expenses to be
            paid by the indemnifying party, if, in the reasonable opinion of
            counsel retained by the indemnifying party, the representation by
            such counsel of the Indemnified Person or Indemnified Party and the
            indemnifying party would be inappropriate due to actual or potential
            conflicts of interest between such Indemnified Person or Indemnified
            Party and any other party represented by such counsel in such
            proceeding or the actual or potential defendants in, or targets of,
            any such action include both the Indemnified Person or the
            Indemnified Party and the indemnifying party and any such
            Indemnified Person or Indemnified Party reasonably determines that
            there may be legal defences available to such Indemnified Person or
            Indemnified Party which are different from or are in conflict with
            those available to such indemnifying party. The indemnifying party
            shall pay for only one separate legal counsel (in addition to
            necessary local counsel) for all Indemnified Persons or the
            Indemnified Parties, as applicable, and such legal counsel shall be
            selected by Shareholders holding a majority-in-interest of the
            Registrable Securities included in the Registration Statement to
            which the Claim relates, if the Shareholders are entitled to
            indemnification hereunder, or by the Company, if the Company is
            entitled to indemnification hereunder, as applicable. The failure to
            deliver written notice to the indemnifying party within a reasonable
            time of the commencement of any such action shall not relieve such
            indemnifying party of any liability to the Indemnified Person or
            Indemnified Party under this Section 6, except to the extent that
            the indemnifying party is actually prejudiced in its ability to
            defend such action. The indemnification required by this Section 6
            shall be made by periodic payments of the amount thereof during the
            course of the investigation or defence, as such expense, loss,
            damage or liability is incurred and is due and payable.

7.    CONTRIBUTION.

      To the extent any indemnification by an indemnifying party is prohibited
      or limited by law, the indemnifying party agrees to make the maximum
      contribution with respect to any amounts for which it would otherwise be
      liable under Section 6 to the fullest extent permitted by law; provided,
      however, that (i) no contribution shall be made under circumstances where
      the maker would not

<PAGE>

                                                                         PAGE 11

      have been liable for indemnification under the fault standards set forth
      in Section 6, (ii) no person guilty of fraudulent misrepresentation
      (within the meaning of Section 11 (f) of the Securities Act) shall be
      entitled to contribution from any other person who was not guilty of such
      fraudulent misrepresentation, and (iii) except in the case of gross
      negligence or wilful misconduct no Shareholder will require to contribute
      any amount which when combined with any amounts payable under section 6
      related to such claim, exceeds the net proceeds received by such
      Shareholders from the sale of such Registrable Securities offered by it
      pursuant to such Registration Statement (after deduction of all
      underwriters discounts and commissions, if any, and all other expenses
      paid by such Shareholder in connection with the registration in question).

8.    REPORTS UNDER THE EXCHANGE ACT.

      With a view to making available to the Shareholders the benefits of Rule
      144 promulgated under the Securities Act or any other similar rule or
      regulation of the SEC that may at any time permit the Shareholders to sell
      securities of the Company to the public without registration ("RULE 144"),
      the Company agrees to:

      (a)   file with the SEC in a timely manner and make and keep available all
            reports and other documents required of the Company under the
            Securities Act and the Exchange Act and the filing and availability
            of such reports and other documents as is required for the
            applicable provisions of Rule 144; and

      (b)   furnish to each Shareholder so long as such Shareholder owns
            Registrable Securities, promptly upon request, (i) a written
            statement by the Company that it has complied with the reporting
            requirements of Rule 144, the Securities Act and the Exchange Act,
            (ii) a copy of the most recent annual or quarterly report of the
            Company and such other reports and documents so filed by the
            Company, and (iii) such other information as may be reasonably
            requested to permit the Shareholders to sell such securities
            pursuant to Rule 144 without registration.

      Upon request, the Company shall deliver a written statement to holders of
      Registrable Securities who so request as to whether it has complied with
      the terms of this provision and if not specifics of the same.

9.    ASSIGNMENT OF REGISTRATION RIGHTS.

      The rights of the Shareholders hereunder, including the right to have the
      Company register Registrable Securities pursuant to this Agreement, shall
      be assignable by each Shareholder to any transferee of all or any portion
      of the Registrable Securities if: (i) the Shareholder agrees in writing
      with the transferee or assignee to assign such rights, and a copy of such
      agreement is furnished to the Company after such assignment, (ii) the
      Company is furnished with written notice of (a) the name and address of
      such transferee or assignee and (b) the securities with respect to which
      such registration rights are being transferred or assigned, (iii)
      following such transfer or assignment, the further disposition of such
      securities by the transferee or assignee is restricted under the
      Securities Act and applicable state securities laws, (iv) the transferee
      or assignee agrees in writing with the Company to be bound by all of the
      provisions contained

<PAGE>

                                                                         PAGE 12

      herein, and (v) such transfer shall have been made in accordance with the
      applicable requirements of the Offer. In addition, and notwithstanding
      anything to the contrary contained in this Agreement, the Offer or the
      SPA, BAM Shares may be pledged, and all rights of the Shareholders under
      this Agreement or any other agreement or document related to the
      transaction contemplated hereby may be assigned, without further consent
      of the Company, to a bona fide pledgee in connection with an Shareholder's
      margin or brokerage accounts.

10.   AMENDMENT OF REGISTRATION RIGHTS.

      Provisions of this Agreement may be amended and the observance thereof may
      be waived (either generally or in a particular instance and either
      retroactively or prospectively), by Shareholders who hold fifty-one
      percent (51%) in interest of the Registrable Securities (with the whole of
      the shares of VIS contributing to 50% of such calculation and the whole of
      the SOED shares contributing to the other 50% of such calculation pro rata
      to the number of B Shares and SOED Shares as appropriate contained within
      each such proportion) or, in the case of a waiver, with the written
      consent of the party charged with the enforcement of any such provision.
      Any amendment or waiver effected in accordance with this Section 10 shall
      be binding upon each Shareholder and the Company.

11.   MISCELLANEOUS.

      (a)   A person or entity is deemed to be a holder of Registrable
            Securities whenever such person or entity owns of record such
            Registrable Securities. If the Company receives conflicting
            instructions, notices or elections from two or more persons or
            entities with respect to the same Registrable Securities, the
            Company shall act upon the basis of instructions, notice or election
            received from the registered owner of such Registrable Securities.

      (b)   Any notices required or permitted to be given under the terms of
            this Agreement shall be sent by internationally recognised overnight
            delivery service (signature required) or delivered personally or by
            courier if mailed, or upon receipt or refusal of receipt, if
            delivered personally or by courier in each case addressed to a
            party. The addresses for such communications shall be:

            If to the Company:

            BAM! Entertainment, Inc.
            333 West Santa Clara Street, Suite 716
            San Jose, CA 95113
            Telephone No.: (408) 298-7500
            Facsimile No.: (408) 298-9600
            Attention: Raymond Musci
            Chief Executive Officer

            With a copy (for courtesy only) to:

            Kirkpatrick & Lockhart LLP
            10100 Santa Monica Blvd, 7th Floor
            Los Angeles, California 90067
            Telephone (310) 552-5000

<PAGE>

                                                                         PAGE 13

            Fax (310) 552-5001
            Attention: Thomas Poletti, Esq.

            If to a Shareholder, at such address as such Shareholder shall have
            provided in writing to the Company or such other address as such
            Shareholder furnishes by notice given in accordance with this
            Section 11(b).

            Each party hereto may from time to time change its address or
            facsimile number for notices under this Section 11 (b) by giving at
            least ten (10) days' prior written notice of such changed address or
            facsimile number, in the case of the Shareholders to the Company,
            and in the case of the Company to all of the Shareholders.

      (c)   Failure of any party to exercise any right or remedy under this
            Agreement or otherwise, or delay by a party in exercising such right
            or remedy, shall not operate as a waiver thereof.

      (d)   Governing Law: Venue; Waiver Of Jury Trail. All questions concerning
            the construction, validity, enforcement and interpretation of this
            Agreement shall be governed by and construed and enforced in
            accordance with the laws of the state of New York. The Company and
            Shareholders hereby irrevocably submit to the exclusive jurisdiction
            of the State and Federal Courts sitting in the City of New York,
            Borough of Manhattan for the adjudication of any dispute brought by
            the Company or any Purchaser hereunder, in connection herewith or
            with any transaction contemplated hereby or discussed herein
            (including with respect to the enforcement of any of the Transaction
            Documents), and hereby irrevocably waive, and agree not to assert in
            any suit, action or proceeding brought by the Company or any
            Shareholder, any claim that it is not personally subject to the
            jurisdiction of any such court, or that such suit, action or
            proceeding is improper. Each party hereby irrevocably waives
            personal service of process and consents to process being served in
            any such suit, action or proceeding by mailing a copy thereof via
            registered or certified mail or internationally recognised overnight
            delivery (with evidence of delivery) to such party at the address in
            effect for notices to it under this Agreement and agrees that such
            service shall constitute good and sufficient service of process and
            notice thereof. Nothing contained herein shall be deemed to limit in
            any way any right to serve process in any manner permitted by law.
            The Company and Shareholders hereby waive all rights to a trial by
            jury.

      (e)   This Agreement, the SPA and the Offer (including all schedules and
            exhibits thereto) constitute the entire agreement among the parties
            hereto with respect to the subject matter hereof and thereof. There
            are no restrictions, promises, warranties or undertakings, other
            than those set forth or referred to herein and therein. This
            Agreement, the SPA and the Offer and all documents to be issued or
            signed in connection with the SPA and the Offer supersede all prior
            agreements and understandings among the parties hereto and thereto
            with respect to the subject matter hereof and thereof.

<PAGE>

                                                                         PAGE 14

      (f)   Subject to the requirements of Section 9 hereof, this Agreement
            shall inure to the benefit of and be binding upon the successors and
            assigns of each of the parties hereto.

      (g)   The headings in this Agreement are for convenience of reference only
            and shall not form part of or effect the interpretation of this
            Agreement.

      (h)   This Agreement may be executed in two or more counterparts, all of
            which shall be considered one and the same agreement and shall
            become effective when counterparts have been signed by each party
            and delivered to the other party. This Agreement, once executed by a
            party, may be delivered to the other parties hereto by facsimile
            transmission of a copy of this Agreement bearing the signature of
            the party so delivering this Agreement. In the event any signature
            is delivered by facsimile transmission, the party using such means
            of delivery shall cause the manually executed signature page(s)
            hereof to be physically delivered to the other party within five (5)
            days of the execution hereof.

      (i)   Each party shall do and perform, or cause to be done and performed,
            all such further acts and things, and shall execute and deliver all
            such other agreements, certificates, instruments and documents, as
            the other party may reasonably request in order to carry out the
            intent and accomplish the purposes of this Agreement and the
            consummation of the transactions contemplated hereby.

      (j)   All consents, approvals and other determinations to be made by the
            Shareholders pursuant to this Agreement shall be made by the
            Shareholders holding more than fifty-one percent (51%) of the
            Registrable Securities then held by all Shareholders with the whole
            of the B Shares of VIS contributing to such calculation and the
            whole of the SOED Shares contributing to the other 50% of such
            calculation pro rata to the number of B Shares and SOED Shares as
            appropriate contained within each such proportion.

      (k)   For purposes of this Agreement, the term "Business Day" means any
            day other than a Saturday or Sunday or a day on which banking
            institutions in the State of New York or California are authorized
            or obligated by law, regulation or executive order to close.

      (l)   If any provision of this Agreement shall be invalid or unenforceable
            in any jurisdiction, such invalidity or unenforceability shall not
            affect the validity or enforceability of the remainder of this
            Agreement or the validity or enforceability of this Agreement in any
            other jurisdiction.

      (m)   This Agreement is intended for the benefit of the parties hereto and
            their respective permitted successors and assigns, and is not for
            the benefit of, nor may any provision hereof be enforced by any
            other person.

IN WITNESS WHEREOF, the parties have caused this Agreement to be duly executed
as of the date first above written.

BAM! ENTERTAINMENT, INC.

<PAGE>

                                                                         PAGE 15

By: /s/ ANTHONY R. WILLIAMS
    --------------------------

Name: ANTHONY R. WILLIAMS
      ------------------------

Its: DIRECTOR
    --------------------------

<PAGE>

                                                                         PAGE 16

SIGNATURE OF VIS SHAREHOLDER/SOED SHAREHOLDER

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

PLEASE PRINT YOUR NAME IN THE SPACE ABOVE AND THEN SIGN BELOW, IN THE PRESENCE
OF A WITNESS

<TABLE>
<S>                             <C>                              <C>
Signature by individual(s),
sole or first named
registered shareholder*:        witnessed by

............................
Joint holders:                  Name:                            Address:
                                                                 Signature:

2. ........................
                                2. Name .....................    Address .........................
                                   ..........................    Signature........................

3. ........................
                                3. Name .....................    Address .........................
                                     ........................    Signature........................

4. ........................
                                4. Name .....................    Address .........................
                                     ........................    Signature........................

Execution by corporation:       .............................    .................................
                                Name of Director/Authorised      Signature
............................     Signatory
Name of Company                 .............................    .................................
                                Name of Director/Secretary/      Signature
                                Authorised Signatory/witness
</TABLE>

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

*  You must have your signature witnessed. You should have your signature
witnessed by a person who is over 18 years of age and who is not one of the
joint registered holders (if any). The witness should NOT however be a spouse or
a member of your immediate family. The witness should also print their full name
and home address in the space provided.

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00068-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00068-of-00352.parquet"}]]