Document:

d13212_ex10-19

 Exhibit 10.19  

 WORLD WRESTLING FEDERATION ENTERTAINMENT,
  INC.  

  BOOKING CONTRACT  

        This World
  Wrestling Federation Entertainment, Inc. Booking Contract (“Agreement”),
  dated this Fifteenth (15th) day of February, 2000, and made effective as of
  January 1, 2000, by and between World Wrestling Federation Entertainment, Inc.,
  a Delaware corporation, with its principal place of business at 1241 East Main
  Street, Stamford, Connecticut 06902 (hereinafter referred to as "COMPANY"),
  and Shane McMahon, an individual (hereinafter referred to as "TALENT").

 PREMISES  

        WHEREAS,
  COMPANY is duly licensed, as required, to conduct professional wrestling exhibitions
  and is actually engaged in the business of organizing, publicizing, arranging,
  staging and conducting professional wrestling exhibitions throughout the world
  and of representing professional wrestlers in the promotion and exploitation
  of a professional wrestler's name, likeness, personality and character; and
   

        WHEREAS,
  COMPANY has established a nationwide network of television stations which regularly
  broadcast COMPANY's wrestling programs for purposes of publicizing COMPANY's
  professional wrestling exhibitions and COMPANY has established a network of
  cable television organizations which regularly broadcast COMPANY's professional
  wrestling exhibitions on a pay-per-view basis; and in addition thereto, COMPANY
  has developed and produced certain other television programs, which are also
  used to publicize, display and promote COMPANY's professional wrestling exhibitions;
  and  

        WHEREAS,
  COMPANY's business operations afford TALENT opportunities to wrestle and obtain
  public exposure which will increase the value of his wrestling services and
  his standing in the professional wrestling community and entertainment industry;
  and  

        WHEREAS,
  TALENT is duly licensed, as required, to engage in professional wrestling exhibitions
  and is actually engaged in the business of performing as a professional wrestler;
  and  

        WHEREAS,
  TALENT is a performing artist and the professional wrestling exhibitions arranged
  by COMPANY constitute demonstrations of wrestling skills and abilities designed
  to provide athletic-styled entertainment to the public, and such wrestling exhibitions
  constitute entertainment and are not competitive sports; and 

      WHEREAS, TALENT
  desires COMPANY to arrange wrestling matches for TALENT and to assist TALENT
  in obtaining public exposure through live exhibitions, television programs,
  public appearances, and merchandising activities, or otherwise;  

 1  

         NOW
  THEREFORE, in consideration of the mutual promises and agreements as set forth
  herein and for other good and valuable consideration, the receipt and sufficiency
  of which are hereby acknowledged, the parties intending to be legally bound,
  do hereby agree as follows:  

 1. BOOKING 

 1.1 TALENT hereby grants exclusively to COMPANY,
  and COMPANY hereby accepts, the following worldwide rights:  

        (a) During
  the term of this Agreement as defined below, the right to engage TALENT's performance
  in wrestling matches at professional wrestling exhibitions, as well as appearances
  of any type at other events, engagements or entertainment programs in which
  TALENT performs services as a professional wrestler, entertainer or otherwise
  directed by COMPANY in its sole discretion (collectively the "Events"), whether
  such Events are staged before a live audience, in a television broadcast studio,
  on location (for later viewing or broadcast) or otherwise.  

        (b) During
  the term of this Agreement as defined below, the right, in perpetuity, to sell
  or otherwise distribute tickets of admission to the general public for viewing
  any or all of the Events, as well as to view the Events on any closed circuit
  television, pay-per-view television, video exhibition or any other medium now
  known or hereinafter discovered.  

        (c) During
  the term of this Agreement and thereafter, as provided for in this Agreement,
  the right to solicit, negotiate, and enter into agreements for and on behalf
  of TALENT for the exploitation of Intellectual Property (as defined herein below)
  for merchandising, commercial tie-ups, publishing, personal appearances, performances
  in non-wrestling events and endorsements. 

 1.2 In consideration of TALENT's granting of rights,
  license and other services, as set forth herein, and provided TALENT shall faithfully
  and fully perform all obligations hereunder, COMPANY shall endeavor to book
  TALENT as an individual or as a member of a group, which determination shall
  be made in COMPANY’s sole discretion, in matches at various Events. 

 2. WORKS 

 2.1 If COMPANY books TALENT to appear and perform
  at Events, TALENT hereby grants to COMPANY and COMPANY hereby accepts, the exclusive
  right during the term of this Agreement to video tape, film, photograph, or
  otherwise record, or to authorize others to do so, by any media now known or
  hereinafter discovered, TALENT's appearance, performance, commentary, and any
  other work product for any or all of the Events. (These recordings by tape,
  disc, film, or otherwise are collectively referred to herein as the "Programs".)
   

 2.2 Notwithstanding the termination of this Agreement
  for any reason, and notwithstanding any other provision of this Agreement, COMPANY
  shall have the right to produce, reproduce, reissue, manipulate, reconfigure,
  license, manufacture, record, perform, exhibit, broadcast, televise by any form
  of television (including without limitation, free, cable, pay cable, closed
  circuit and pay-per-view television), transmit, publish, copy, reconfigure,
  compile, print, reprint, vend, sell, distribute and use via 

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 any other medium now known or hereinafter discovered,
  and to authorize others to do so, the Programs, in perpetuity, in any manner
  or media and by any art, method or device, now known or hereinafter discovered
  (including without limitation, by means of videodisc, videocassette, optical,
  electrical and/or digital compilations, theatrical motion picture and/or non-theatrical
  motion picture). All gags, costumes or parts of costumes, accessories, crowns,
  inventions, championship, title or other belts (if applicable), and any other
  items of tangible property provided to TALENT by COMPANY and/or containing New
  Intellectual Property as defined in paragraph 3.2 (a) shall be immediately returned
  to COMPANY upon termination of this Agreement for any reason. 

 2.3 TALENT's appearance, performance and work
  product in any or all of the Events and/or Programs shall be deemed work for
  hire; and notwithstanding the termination of this Agreement, COMPANY shall own,
  in perpetuity, all Programs and all of the rights, results, products and proceeds
  in and to, or derived from the Events and Programs (including without limitation,
  all incidents, dialogue, characters, actions, routines, ideas, gags, costumes
  or parts of costumes, accessories, crowns, inventions, championship, title or
  other belts (if applicable), and any other tangible or intangible materials
  written, composed, submitted, added, improvised, or created by or for TALENT
  in connection with appearance at the Events and/or in the Programs) and COMPANY
  may obtain copyright and/or trademark and/or any other legal protection therefor,
  now known or hereinafter discovered, in the name of COMPANY and/or on behalf
  of COMPANY's designee.  

 2.4 If COMPANY directs TALENT, either singly or
  in conjunction with COMPANY, to create, design or develop any copyrightable
  work (herein referred to as a "Development"), such Development shall be deemed
  work for hire and COMPANY shall own such Development. All Programs and Developments
  referred to in this Agreement are collectively referred to as "Works." 

 2.5 All Works and TALENT's contributions thereto
  shall belong solely and exclusively to COMPANY in perpetuity notwithstanding
  any termination of this Agreement. To the extent that such Works are considered:
  (i) contributions to collective works, (ii) a compilation, (iii) a supplementary
  work and/or (iv) as part or component of a motion picture or other audio-visual
  work, the parties hereby expressly agree that the Works shall be considered
  "works made for hire" under the United States Copyright Act of 1976, as amended
  (17 U.S.C. ss. 101 et seq.). In accordance therewith, all rights in and to the
  Works shall belong exclusively to COMPANY in perpetuity, notwithstanding any
  termination of this Agreement. To the extent that such Works are deemed works
  other than "works made for hire," TALENT hereby assigns to COMPANY all right,
  title and interest in and to all rights in such Works and all renewals and extensions
  of the copyrights or other rights that may be secured under the laws now or
  hereafter in force and effect in the United States of America or any other country
  or countries.  

 3. INTELLECTUAL
  PROPERTY 

 3.1 The parties agree that as of the date of this
  Agreement, all service marks, trademarks and any and all other distinctive and
  identifying indicia under which TALENT claims any rights, including but not
  limited to TALENT’s legal name, nickname, ring name, likeness, personality,
  character, caricatures, voice, signature, costumes, props, gimmicks, gestures,
  routines and themes, which are owned by TALENT or in which TALENT has any rights
  anywhere in the world (collectively, the 

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 "Original Intellectual Property") are described
  and identified on Schedule A attached hereto and incorporated herein by reference.
  During the Term of the Agreement, TALENT hereby assigns in good faith to COMPANY
  and COMPANY hereby accepts all worldwide right, title and interest in and to
  TALENT’s Original Intellectual Property, including, but not limited to,
  the rights to license, reproduce, manipulate, promote, expose, exploit and otherwise
  use the Original Intellectual Property anywhere in the world in any commercial
  manner, media, art form, method or device now known or hereinafter discovered.

 3.2 (a) With the exception of TALENT’s Original
  Intellectual Property, any service marks, trademarks and/or distinctive and
  identifying indicia, including ring name, nickname, likeness, personality, character,
  caricatures, voice, signature, props, gestures, routines, themes, incidents,
  dialogue, actions, gags, costumes or parts of costumes, accessories, crowns,
  inventions, championship, title or other belts (if applicable), and any other
  items of tangible or intangible property written, composed, submitted, added,
  improvised, created and/or used by or associated with TALENT's performance in
  the business of professional wrestling or sports entertainment during the term
  of this Agreement (collectively the "New Intellectual Property") are hereby
  assigned to and shall belong to COMPANY, in perpetuity, with COMPANY retaining
  all such ownership rights exclusively throughout the world notwithstanding any
  termination of this Agreement.  

        (b) Upon
  the termination of this Agreement, all rights in and to the Original Intellectual
  Property shall revert to TALENT, except that COMPANY, its licensees, sublicensees
  and assigns may continue to exploit any and all materials, goods, merchandise
  and other items incorporating the Original Intellectual Property made before
  such termination, until all such materials, goods and merchandise are sold off.

 3.3 It is the intention of the parties that the
  New Intellectual Property belongs to COMPANY, in perpetuity, even to
  the exclusion of TALENT, and shall survive the termination of this Agreement
  for any reason. COMPANY shall have the exclusive right to assign, license, sublicense,
  reproduce, promote, expose, exploit and otherwise use the New Intellectual Property
  in any commercial manner now known or hereinafter discovered, regardless of
  whether such rights are exercised during or after the Term of this Agreement
  and notwithstanding termination of this Agreement for any reason.  

 3.4 The Original Intellectual Property and the
  New Intellectual Property are hereinafter collectively referred to as "Intellectual
  Property."  

 3.5 TALENT agrees to cooperate fully and in good
  faith with COMPANY for the purpose of securing and preserving COMPANY's rights
  in and to the Intellectual Property. In connection herewith, TALENT acknowledges
  and hereby grants to COMPANY the exclusive worldwide right during the Term of
  this Agreement (with respect to Original Intellectual Property) and in perpetuity
  (with respect to New Intellectual Property) to apply for and obtain trademarks,
  service marks, copyrights and other registrations throughout the world in COMPANY's
  name and/or on behalf of Company’s designee. At COMPANY's expense and request,
  COMPANY and TALENT shall take such steps, as COMPANY deems necessary for any
  registration or any litigation or other proceeding, to protect COMPANY's rights
  in the Original Intellectual Property and/or New Intellectual Property and/or
  Works. 

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 4. MERCHANDISING
  

 4.1 TALENT hereby agrees that COMPANY shall have
  the exclusive right (i) during the Term of this Agreement and thereafter, as
  provided in this Agreement, to use the Original Intellectual Property and (ii)
  in perpetuity, to use the New Intellectual Property in connection with the manufacture,
  production, reproduction, reissuance, manipulation, reconfiguration, broadcast,
  rebroadcast, distribution, sale, and other commercial exploitation in any manner,
  now known or hereinafter discovered, of any and all materials, goods, merchandise
  and other items incorporating the Intellectual Property. As to all such
  materials, goods, merchandise or items created, developed, produced and/or distributed
  during the Term of this Agreement using the Original Intellectual Property,
  COMPANY shall have the exclusive right to sell and exploit such materials, goods
  and merchandise until the sell-off of same. As to all such materials, goods,
  merchandise or items using the New Intellectual Property, COMPANY shall have
  the exclusive right, in perpetuity, to sell and exploit same forever. By way
  of example and not of limitation, such items include t-shirts, posters, photos,
  video tapes and video cassettes, dolls, books, biographies, articles and stories,
  and any other such material goods, merchandise, or items relating to TALENT.

 4.2 It is the intention of the parties that COMPANY's
  rights described under paragraph 4.1 are exclusive to COMPANY even to the exclusion
  of TALENT. COMPANY shall own all copyrights and trademarks in any and all such
  materials, goods, merchandise and items and shall be entitled to obtain copyright,
  trademark, service mark or other registrations in COMPANY’s name or on
  behalf of its designee; and TALENT shall provide all reasonable assistance to
  COMPANY in so obtaining such copyright, trademark, service mark or other registrations.
  

5. EXCLUSIVITY
  

 5.1 It is the understanding of the parties that
  all rights, licenses, privileges and all other items herein given or granted
  or assigned by TALENT to COMPANY are exclusive to COMPANY even to the exclusion
  of TALENT. 

 6. TERM AND TERRITORY
  

 6.1 [Amended. See First Amendment.]  

 6.2 Reference herein to the Term hereof means
  the Initial Term and any such Renewal Term. During any such Renewal Term, all
  rights, duties, obligations, and privileges hereunder shall continue as stated
  herein. Notwithstanding anything herein to the contrary, termination of this
  Agreement for any reason shall not affect COMPANY’s ownership of and rights
  in, including but not limited to, any Works, new Intellectual Property and any
  registrations hereof, or the rights, results, products, and proceeds in and
  to and derived from TALENT during the Term of this Agreement; and the exploitation
  

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 of rights set forth in paragraphs 1, 2, 3 and
  4 hereof in any and all media now known or hereinafter discovered.  

 6.3 The territory of this Agreement shall be the
  world.  

 7.  PAYMENTS/ROYALTIES
  

 7.1 This paragraph is intentionally left blank.
   

 7.2 (a) If TALENT appears and performs in any
  Event in an arena before a live audience at which admission is charged other
  than those arena events which are taped or broadcast for purposes pursuant to
  paragraph 7.2 (b) and paragraph 7.2 (c) hereof (hereinafter “House Shows”),
  TALENT shall be paid by COMPANY an amount equal to such percentage of the paid
  receipts for such House Show from the live House Show gate receipts only as
  is consistent with the nature of the match in which TALENT appears, i.e., preliminary,
  mid-card, main event, etc. and any standards COMPANY establishes specifically
  for such House Show. However, such amount shall not be less than One Hundred
  Fifty Dollars ($150.00) per House Show. 

        (b) If TALENT
  appears and performs in connection with an arena or studio Event which is taped
  or broadcast for use on COMPANY's television network or on a pay-per-view basis
  (“TV Taping”), TALENT shall be paid by COMPANY an amount not less
  than Fifty Dollars ($50.00) for each day of TV Taping, if any, on which TALENT
  renders services hereunder in connection with the production of the TV Taping.
  

7.3 PROMOTER shall not be liable in any way to
  pay royalties, residuals, fees, or any other compensation whatsoever to WRESTLER
  in connection with the performance of WRESTLER’s Services hereunder other
  than as set forth in Paragraph 7.2 above.  

 7.4 This paragraph is intentionally left blank.
   

 7.5 This paragraph is intentionally left blank.

 7.6 In the event the Original and/or New Intellectual
  Property are used by COMPANY or licensed, sublicensed or assigned for non-wrestling
  personal appearances and performances such as personal appearances for advertising
  or non-wrestling promotional purposes, radio and television commercials, movies,
  etc., TALENT shall earn an amount to be mutually agreed to by TALENT and by
  COMPANY. 

 7.7 If COMPANY instructs TALENT to appear and
  perform in any Events or Programs as a commentator and/or to participate in
  post-Event production and/or voice-over activities as a commentator, TALENT's
  commentating shall be deemed work-for-hire and TALENT hereby assigns to COMPANY
  and COMPANY shall own all rights, in perpetuity, to all of TALENT's commentary
  and TALENT shall not be entitled to receive any royalty payments, or any additional
  compensation or residual payments whatsoever, as a result of COMPANY's commercial
  exploitation of such 

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 commentary in any form, whether broadcast programming,
  cable programming, pay-per-view programming, videotapes, videodiscs, the Internet
  or other mediums now or hereinafter discovered.  

 7.8 It is the understanding of the parties that
  TALENT shall not be paid anything for COMPANY's exploitation of the Original
  and/or New Intellectual Property in any of COMPANY's magazines or other publications,
  which COMPANY may publish, produce or distribute at arenas, at newsstands and/or
  by mail or through electronic or any other manner of media or distribution,
  now known or hereinafter discovered, including, but not limited to, publication
  or distribution on the Internet or America On Line.  

 7.9 For the avoidance of doubt and subject to
  paragraph 12.2, the non-compete provision of this Agreement, TALENT acknowledges
  and agrees that TALENT shall only be eligible for the payments set forth in
  paragraphs 7.1 through 7.6 above in connection with Events or activities conducted
  by COMPANY. 

 8. COMPANY'S OBLIGATIONS
  

 8.1 Although under paragraph 9.1 TALENT shall
  bear responsibility for obtaining appropriate licenses for participating in
  wrestling exhibitions, COMPANY shall be responsible for obtaining all other
  appropriate licenses to conduct professional wrestling exhibitions involving
  TALENT. If COMPANY, at its discretion, agrees to assist TALENT in obtaining
  his licenses, TALENT shall reimburse COMPANY for its fees and expenses incurred
  in connection therewith.  

 8.2 COMPANY shall bear the following costs in
  connection with the development and enhancement of the value of TALENT's performance
  hereunder and TALENT’s standing in the professional wrestling community,
  all of which shall benefit TALENT:  

  (a) In connection with TALENT's appearances and
  performance at Events staged before a live audience, COMPANY shall bear the
  cost of location rental, COMPANY's third party comprehensive liability insurance
  for the benefit of the venues, applicable state and local admission taxes, promotional
  assistance, sound and light equipment, wrestling ring, officials, police and
  fire protection, and such additional security guards as COMPANY shall require
  in its discretion during a professional wrestling match;  

  (b) In connection with the production, distribution,
  and exploitation of the Programs, COMPANY shall bear all costs incurred in connection
  with such production, distribution, broadcast, transmission or other forms of
  mass media communication;  

  (c) In connection with any product or service
  licensing activities and/or merchandising activities, COMPANY shall bear all
  costs of negotiating, securing or otherwise obtaining the product or service
  licensing arrangements, including costs of agents, consultants, attorneys and
  others involved in making the product or service licensing activities; and COMPANY
  shall bear all costs of creating, designing, developing, producing and marketing
  merchandise or services. In order to fulfill these obligations, COMPANY may
  make any arrangements, contractual or otherwise, it deems appropriate to delegate,
  assign, or otherwise transfer its obligations.  

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 9. TALENT'S OBLIGATIONS
  

 9.1 TALENT shall bear responsibility for obtaining
  all appropriate licenses to engage in, participate in, or otherwise appear in
  professional wrestling exhibitions.  

 9.2 TALENT shall be responsible for TALENT’s
  own training, conditioning, and maintenance of wrestling skills and abilities,
  as long as they do not interfere with TALENT's appearance at scheduled events
  as follows: 

      (a) TALENT
  shall establish his own training program, shall select time of training, duration
  of training, exercises, pattern of exercise and other actions appropriate to
  obtaining and maintaining physical fitness for wrestling. TALENT shall select
  his own training apparatus, including mats, weights, machines and other exercise
  paraphernalia. TALENT is responsible for supplying his own training facilities
  and equipment, whether by purchase, lease, license, or otherwise.  

       (b) TALENT
  shall establish his own method of physical conditioning, shall select time for
  conditioning, duration of conditioning and form of conditioning. TALENT shall
  select time for sleep, time for eating, and time for other activities. TALENT
  shall select his own foods, vitamins and other ingested items, excepting illegal
  and/or controlled substances and drugs, which are prohibited by COMPANY's Drug
  Policy.  

 9.3 TALENT shall be responsible for providing
  all costumes, wardrobe, props, and make-up necessary for the performance of
  TALENT's services at any Event and TALENT shall bear all costs incurred in connection
  with his transportation to and from any such Events (except those transportation
  costs which are covered by COMPANY's then current Travel Policy), as well as
  the costs of food consumed and hotel lodging utilized by TALENT in connection
  with his appearance at such Events. 

 9.4 TALENT shall use best efforts in employing
  TALENT’s skills and abilities as a professional TALENT and be responsible
  for developing and executing the various details, movements, and maneuvers required
  of wrestlers in a professional wrestling exhibition.  

 9.5 TALENT shall take such precautions as are
  appropriate to avoid any unreasonable risk of injury to other wrestlers in any
  and all Events. These precautions shall include, without limitation, pre-match
  review of all wrestling moves and maneuvers with wrestling partners and opponents;
  and pre-match demonstration and/or practice with wrestling partners and opponents
  to insure familiarity with anticipated wrestling moves and maneuvers during
  a wrestling match. In the event of injury to TALENT, and/or TALENT’s partners
  and opponents during a wrestling match, TALENT shall immediately signal partner,
  opponent and/or referees that it is time for the match to end; and TALENT shall
  finish the match forthwith so as to avoid aggravation of such injury. 

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 9.6 TALENT shall use best efforts in the ring
  in the performance of wrestling services for a match or other activity, in order
  to provide an honest exhibition of TALENT’s wrestling skills and abilities,
  consistent with the customs of the professional wrestling industry; and TALENT
  agrees all matches shall be finished in accordance with the COMPANY's direction.
  Breach of this paragraph shall cause a forfeiture of any payment due TALENT
  pursuant to SECTION 7 of this Agreement and all other obligations of COMPANY
  to TALENT hereunder, shall entitle COMPANY to terminate this Agreement, but
  such breach shall not terminate COMPANY's licenses and other rights under this
  Agreement.  

 9.7 TALENT agrees to cooperate and assist without
  any additional payment in the publicizing, advertising and promoting of scheduled
  Events, including without limitation, appearing at and participating in a reasonable
  number of joint and/or separate press conferences, interviews, and other publicity
  or exploitation appearances or activities (any or all of which may be filmed,
  taped, or otherwise recorded, telecast by any form of television now known or
  hereafter discovered, including without limitation free, cable, pay cable, and
  closed circuit and pay-per-view television, broadcast, exhibited, distributed,
  and used in any manner or media and by any art, method, or device now known
  or hereafter created, including without limitation by means of videodisc, video
  cassette, theatrical motion picture and/or non-theatrical motion picture and
  Internet), at times and places designated by COMPANY, in connection therewith.
  

9.8 TALENT acknowledges the right of COMPANY to
  make decisions with respect to the preparation and exploitation of the Programs
  and/or the exercise of any other rights respecting Original and/or New Intellectual
  Property, and in this connection TALENT acknowledges and agrees that COMPANY's
  decision with respect to any agreements disposing of the rights to the Original
  and/or New Intellectual Property are final, except as to TALENT's legal name,
  which COMPANY may only dispose of upon TALENT's written consent. TALENT agrees
  to execute any agreements COMPANY deems necessary in connection with any such
  agreements, and if TALENT is unavailable or refuses to execute such agreements,
  COMPANY is hereby authorized to do so in TALENT's name as TALENT's attorney-in-fact.
   

 9.9 TALENT agrees to cooperate fully and in good
  faith with COMPANY to obtain any and all documentation, applications or physical
  examinations as may be required by any governing authority with respect to TALENT's
  appearance and/or performance in a professional wrestling match.  

 9.10 TALENT, on behalf of himself and his
  heirs successors, assigns and personal representatives, shall indemnify and
  defend COMPANY and COMPANY's licensees, assignees, parent corporation, subsidiaries
  and affiliates and its and their respective officers, directors, employees,
  advertisers, insurers and representatives and hold each of them harmless against
  any claims, demands, liabilities, actions, costs, suits, attorney fees, proceedings
  or expenses, incurred by any of them by reason of TALENT's breach or alleged
  breach of any warranty, undertaking, representation, agreement, or certification
  made or entered into herein or hereunder by TALENT. TALENT, on behalf of himself
  and his heirs, successors, assigns and personal representatives, shall indemnify
  and defend COMPANY and COMPANY’s licensees, assignees, parent corporation,
  subsidiaries and affiliates and its and their respective officers, directors,
  employees, advertisers, insurers and representatives and hold each of the harmless
  against any and all claims, demands, liabilities, actions, costs, suits, attorney
  fees, proceedings 

9 

 or expenses, incurred by any of them, arising
  out of TALENT'S acts, transactions and/or conduct within or around the ring,
  hallways, dressing rooms, parking lots, or other areas within or in the immediate
  vicinity of the facilities where COMPANY has scheduled Events at which TALENT
  is booked. Such indemnification shall include all claims arising out of any
  acts, transactions and/or conduct of TALENT or others occurring at Events or
  in connection with any appearances or performances by TALENT not conducted by
  COMPANY in accordance with this Agreement.  

 9.11 TALENT shall be responsible for payment of
  all of TALENT’s own Federal, state or local income taxes; all social security,
  FICA and FUTA taxes, if any, as well as all contributions to retirement plans
  and programs, or other supplemental income plan or program that would provide
  TALENT with personal or monetary benefits upon retirement from professional
  wrestling.  

 9.12 (a) TALENT shall be responsible for his own
  commercial general liability insurance, worker's compensation insurance, professional
  liability insurance, as well as any excess liability insurance, as TALENT deems
  appropriate to insure, indemnify and defend TALENT with respect to any and all
  claims arising out of TALENT’s own acts, transactions, or conduct .

       (b) TALENT
  acknowledges that the participation and activities required by TALENT in connection
  with TALENT’s performance in a professional wrestling exhibition may be
  dangerous and may involve the risk of serious bodily injury. TALENT knowingly
  and freely assumes full responsibility for all such inherent risks as well as
  those due to the negligence of COMPANY, other TALENTs or otherwise. 

       (c) TALENT,
  on behalf of himself and his heirs, successors, assigns and personal representatives,
  hereby releases, waives and discharges COMPANY from all liability to TALENT
  and covenants not to sue COMPANY for any and all loss or damage on account of
  injury to any person or property or resulting in serious or permanent injury
  to TALENT or TALENT's death, whether caused by the negligence of the COMPANY,
  other wrestlers or otherwise. 

       (d) TALENT
  acknowledges that the foregoing release, waiver and indemnity is intended to
  be as broad and inclusive as permitted by the law of the State, Province or
  Country in which the professional wrestling exhibition or Events are conducted
  and that if any portion thereof is held invalid, it is agreed that the balance
  shall, notwithstanding, continue in full force and effect. 

 9.13 (a) TALENT may at his election obtain health,
  life and/or disability insurance to provide benefits in the event of physical
  injury arising out of TALENT’s professional activities; and TALENT acknowledges
  that COMPANY shall not have any responsibility for such insurance or payment
  in the event of physical injury arising out of TALENT’s professional activities.
  

       (b) In the
  event of physical injury arising out of TALENT's professional activities, TALENT
  acknowledges that TALENT is not entitled to any worker's compensation coverage
  or similar benefits for injury, disability, death or loss of wages; and TALENT
  shall make no claim against COMPANY for such coverage or benefit.  

 10 

 9.14 TALENT shall act at all times with due regard
  to public morals and conventions during the term of this Agreement. If TALENT
  shall have committed or shall commit any act or do anything that is or shall
  be an offense or violation involving moral turpitude under Federal, state or
  local laws, or which brings TALENT into public disrepute, contempt, scandal
  or ridicule, or which insults or offends the community or any employee, agent
  or affiliate of COMPANY or which injures TALENT’s reputation in COMPANY's
  sole judgment, or diminishes the value of TALENT’s professional wrestling
  services to the public or COMPANY, then at the time of any such act, or any
  time after COMPANY learns of any such act, COMPANY shall have the right to fine
  TALENT in an amount to be determined by COMPANY; and COMPANY shall have the
  right to suspend and/or terminate this Agreement forthwith.  

 10. WARRANTY

10.1 TALENT represents, warrants, and agrees that
  TALENT is free to enter into this Agreement and to grant the rights and licenses
  herein granted to COMPANY; TALENT has not heretofore entered and shall not hereafter
  enter into any contract or agreement which is in conflict with the provisions
  hereof or which would or might interfere with the full and complete performance
  by TALENT of his obligations hereunder or the free and unimpaired exercise by
  COMPANY of any of the rights and licenses herein granted to it; TALENT further
  represents and warrants there are no prior or pending claims, administrative
  proceedings, civil lawsuits, criminal prosecutions or other litigation matters,
  including without limitation any immigration or athletic commission related
  matters, affecting TALENT which would or might interfere with COMPANY's full
  and complete exercise or enjoyment of any rights or licenses granted hereunder.
  Any exceptions to this Warranty are set forth in Schedule B, attached hereto.
   

 10.2 TALENT represents, warrants and agrees that
  TALENT is in sound mental and physical condition; that TALENT is suffering from
  no disabilities that would impair or adversely affect TALENT’s ability
  to perform professional wrestling services; and that TALENT is free from the
  influence of illegal drugs or controlled substances, which can threaten TALENT’s
  well being and pose a risk of injury to TALENT or others. To insure compliance
  with this warranty, TALENT shall abide by COMPANY's Drug Policy for TALENT,
  as well as any and all amendments, additions, or modifications to the COMPANY's
  Drug Policy implemented during the Term of this Agreement and consents to the
  sampling and testing of his urine in accordance with such Policy. In addition,
  TALENT agrees to submit annually to a complete physical examination by a physician
  either selected or approved by COMPANY. COMPANY's current Drug Policy, which
  TALENT acknowledges herewith receiving, is annexed hereto and incorporated by
  reference and made a part hereof.  

 10.3 COMPANY reserves the right to have TALENT
  examined by a physician of its own choosing at its expense at any point during
  the Term of this Agreement.  

 10.4 TALENT further represents, warrants and agrees
  that this Agreement supersedes all prior booking agreements between TALENT and
  COMPANY, whether written or oral, and that he has been fully compensated, where
  applicable, under such prior booking agreement(s).

11 

 11. EARLY TERMINATION 

 11.1 This Agreement may be terminated prior to
  the end of its Term by a written instrument executed by each of the parties
  expressing their mutual consent to so terminate without any further liability
  on the part of either. In the event of such early termination, COMPANY shall
  pay TALENT for all uses of the Intellectual Property in accordance with Section
  7 of this Agreement.  

 11.2 This Agreement will be terminated by TALENT's
  death during the Term, with no further compensation due TALENT's heirs, successors,
  personal representatives or assigns. 

11.3 Upon the termination of this Agreement for
  any reason, including breach, the parties acknowledge and agree that COMPANY
  shall own all right, title and interest in all Works, New Intellectual Property
  and any registrations thereof and COMPANY shall have the exclusive right to
  sell or otherwise dispose of any materials, goods, merchandise or other items
  (i) produced during the Term of this Agreement incorporating any Original Intellectual
  Property, and (ii) produced incorporating New Intellectual Property, in perpetuity.
   

 12. BREACH 

 12.1 The parties further agree that because of
  the special, unique, and extraordinary nature of the obligations of COMPANY
  and TALENT respecting all rights and licenses concerning bookings, promoting,
  Programs, Events, Intellectual Property, which are the subject matter of this
  Agreement, TALENT's breach of this Agreement shall cause COMPANY irreparable
  injury which cannot be adequately measured by monetary relief; as a consequence
  COMPANY shall be entitled to injunctive and other equitable relief against TALENT
  to prevent TALENT's breach or default hereunder and such injunction or equitable
  relief shall be without prejudice to any other rights, remedies or damages which
  COMPANY is legally entitled to obtain.  

 12.2 In no circumstances, whatsoever, shall either
  party to this Agreement be liable to the other party for any punitive or exemplary
  damages; and all such damages, whether arising out of the breach of this Agreement
  or otherwise, are expressly waived. 

 13. MISCELLANEOUS 

 13.1 Nothing contained in this Agreement shall
  be construed to constitute TALENT as an employee, partner or joint venturer
  of COMPANY, nor shall TALENT have any authority to bind COMPANY in any respect.
  TALENT is an independent contractor and TALENT shall execute and hereby irrevocably
  appoints COMPANY attorney-in-fact to execute, if TALENT refuses to do so, any
  instruments necessary to accomplish or confirm the foregoing or any and all
  of the rights granted to COMPANY herein.  

 13.2 This Agreement contains the entire understanding
  of the parties with respect to the subject matter hereof and all prior booking
  contracts entered into between COMPANY and TALENT and as amended are merged
  into this Agreement. There are no other agreements, representations, or warranties
  not set forth herein with respect to the subject matter hereof; and the parties
  expressly acknowledge that any representation, promise or inducement by any
  party to any other party that is not  

 12   

 embodied in this Agreement is not part of this
  Agreement, and they agree that no party shall be bound by or liable for any
  such alleged representation, promise or inducement not set forth herein.

 13.3 This Agreement may not be changed or altered
  except in writing signed by COMPANY and TALENT. 

13.4 Any term or provision of this Agreement which
  is invalid or unenforceable in any jurisdiction shall, as to such jurisdiction,
  be ineffective to the extent of such invalidity or unenforceability without
  rendering invalid or unenforceable the remaining terms and provisions of this
  Agreement, or affecting the validity or enforceability of any of the terms or
  provisions of this Agreement in any other jurisdiction.  

 13.5 COMPANY shall have the right to assign, license,
  or transfer any or all of the rights granted to and hereunder to any person,
  firm or corporation, provided that such assignee has the financial ability to
  meet the Company’s obligations hereunder, and if any assignee shall assume
  in writing COMPANY's obligations hereunder, COMPANY shall have no further obligations
  to TALENT. TALENT may not assign, transfer or delegate his rights or obligations
  hereunder and any attempt to do so shall be void.  

 13.6 Any notices required or desired hereunder
  shall be in writing and sent postage prepaid by certified mail, return receipt
  requested, or by prepaid telegram addressed as follows, or as the parties may
  hereafter in writing otherwise designate:  

	TO COMPANY:	TO TALENT:
	           	World Wrestling Federation	 
	 	Entertainment, Inc	 
	 	Attn:	Linda E. McMahon	 
	 	 	President and Chief Executive
      Officer	 
	 	1241 E. Main Street	 
	 	Stamford, CT 06902	 

        The date
  of mailing shall be deemed to constitute the date of service of any such notice
  by COMPANY. The date of receipt shall be deemed to constitute the date of service
  of any such notice by TALENT.  

 13.7 This Agreement is made in Connecticut and
  shall be governed by and interpreted in accordance with the laws of the State
  of Connecticut, exclusive of its provisions relating to conflicts of law. 

 13.8 In the event there is any claim, dispute,
  or other matter in question arising out of or relating to this Agreement, the
  enforcement of any provisions therein, or breach of any provision thereof, it
  shall be submitted to the Federal, state or local courts, as appropriate, only
  in the State of Connecticut. This provision to submit all claims, disputes or
  matters in question to the Federal or state courts in the State of Connecticut
  shall be specifically enforceable; and each party, hereby waiving personal service
  of process and venue, consents to jurisdiction in Connecticut for purposes of
  any other party seeking or securing any legal and/or equitable relief. 

 13 

14. CONFIDENTIALITY 

14.1 Other than as may be required by applicable
  law, government order or regulations, or by order or decree of the Court, TALENT
  hereby acknowledges and agrees that in further consideration of COMPANY's entering
  into this Agreement, and continued Agreement, TALENT shall not, at any time
  during this Agreement, or after the termination of this Agreement for any reason
  whatsoever, disclose to any person, organization, or publication, or utilize
  for the benefit or profit of TALENT or any other person or organization, any
  sensitive or otherwise confidential business information, idea, proposal, secret,
  or any proprietary information obtained while with COMPANY and/or regarding
  COMPANY, its employees, independent contractors, agents, officers, directors,
  subsidiaries, affiliates, divisions, representatives, or assigns. Included in
  the foregoing, by way of illustration only and not limitation, are such items
  as reports, business plans, sales information, cost or pricing information,
  lists of suppliers or customers, talent lists, story lines, scripts, story boards
  or ideas, routines, gags, costumes or parts of costumes, accessories, crowns,
  inventions, championship, title or other belts (if applicable) and any other
  tangible or intangible materials written, composed, submitted, added, improvised,
  or created by or for TALENT in connection with appearances in the Programs,
  information regarding any contractual relationships maintained by COMPANY and/or
  the terms thereof, and/or any and all information regarding TALENTs engaged
  by COMPANY. 

 14.2 TALENT acknowledges and agrees that its agreement
  to be bound by the terms hereof is a material condition of COMPANY's willingness
  to use and continue to use TALENT’s services. Other than as may be required
  by applicable law, government order or regulation; or by order or decree of
  the court, the parties agree that neither of them shall publicly divulge or
  announce, or in any manner disclose, to any third party, any of the specific
  terms and conditions of this Agreement; and both parties warrant and covenant
  to one another that none of their officers, directors, employees or agents will
  do so either. 

        All of the
  terms and conditions of any Addenda or Schedules are incorporated herein by
  reference and made a part hereof. 

14   

IN WITNESS WHEREOF, the parties have
  executed this Agreement on the day and year first above written.

	WORLD WRESTLING
        FEDERATION
	                
	SHANE McMAHON

	ENTERTAINMENT,
        INC
	 	(“TALENT”)

	   (“COMPANY”)
	 	 
	 	 	 
	 	 	 
	By:  
	/s/ James Ross
	   
	By:    
	/s/ Shane
        McMahon

	 	
	 	 	

	 	James Ross
	 	 	Shane McMahon

	 	Senior Vice President Talent
        Relations 
	 	 	 
	 	& Wrestling Administration
         
	 	 	 

15d13212_ex10-19a

	     Exhibit
        10.19A

        

	 
	Via Hand Delivery
	 
	March 12, 2001
	 
	Mr. Shane McMahon
	 	 
	Re: 

      	World Wrestling
      Federation Entertainment, Inc. (“WWE”) -w- Shane McMahon (“Talent”)
	 
	Dear Shane:
	 
	Reference is made
      to that certain agreement between the parties dated February 15, 2000 and
      made effective January 1, 2000 (“Agreement”), for good and valuable
      consideration, the receipt and sufficiency of which are hereby acknowledged,
      the parties have agreed to amend the Agreement as follows (“First Amendment”):
	 	 	 
	      	1.      	The parties hereby
      agree to add a new Paragraph 1.3 as follows:
	 	 	 
	 	 	“1.3 In addition
      to TALENT providing services as a professional wrestler as described herein,
      TALENT shall also perform the following duties and accountabilities as reasonably
      directed by WWE’s Chairman (or his designee) (‘WWE Supervisor’)
      including, but not limited to the following:
	 	 	 	 
	 	 	•      	Assisting in the development
      of storylines, vignettes and such other ideas for use in WWE’s weekly
      television programs (now in existence or hereinafter created), pay-per-view
      programming, promotional spots, commercials, advertisements, Internet website
      and/or such other WWE projects (collectively the ‘Programs’) as
      directed by his WWE Supervisor (‘Development’);

      
	 	 	 	 
	 	 	•	Performing such Development in
      collaboration with other WWE staff, employees, contractors or other such
      parties designated by his WWE Supervisor;

      
	 	 	 	 
	 	 	•	Making on-camera appearances,
      voice-overs, and other such performances for the Programs as directed by
      his WWE Supervisor (‘Performance Duties’);

      
	 	 	 	 
	 	 	•	Attending live television events
      related to the Programs during the Term hereof as reasonably directed by
      his WWE Supervisor;
	 	 	 	 

 Page 2 

	 	      	       	•    	Attending meetings related to
      the Programs as reasonably required by his WWE Supervisor;
	 	 	 	 	 
	 	 	 	•	Using good faith efforts to maintain
      positive relationships with WWE, its contractors, representatives and talent;
	 	 	 	 	 
	 	 	 	•	Critiquing and reporting on the
      activities related to the Programs as reasonably directed by the WWE Supervisor;
	 	 	 	 	 
	 	 	 	•	Providing consistent feedback
      regarding the Programs in a form and manner reasonably prescribed by the
      WWE Supervisor;
	 	 	 	 	 
	 	 	 	•	Completing special assignments
      as reasonably designated by the WWE Supervisor and at locations agreed to
      between the parties;
	 	 	 	 	 
	 	 	 	•	Attending meetings at the WWE
      Supervisor’s reasonable discretion to provide feedback to WWE regarding
      the Duties herein and the feasibility and/or desirability of continuing
      to perform certain functions or responsibilities as herein described; and
	 	 	 	 	 
	 	 	 	•	Performing any other function
      or activity which his WWE Supervisor may decide in his reasonable discretion
      is necessary or desirable to carry out the Duties herein.
	 	 	 	 
	 	 	 	The Development and
      Performance Duties and any other tasks set forth herein shall collectively
      be referred to throughout the remainder of this Agreement as ‘Duties’.
	 
	                     TALENT
      shall devote his best efforts and full business time and attention to the
      performance of his Duties and shall protect and promote the interests of
      WWE. TALENT shall cooperate in any reasonable manner whatsoever with WWE
      in connection with the performance of the Duties. TALENT acknowledges and
      agrees that there are inherent subtasks within the services set forth above
      that will be performed as a part of the Duties.”
	 	 	 	 
	 	      2.
      The parties hereby agree to amend Paragraph 6.1 in its entirety and replace
      it with the following provision:
	 
	 	 	“6.1 The term
      of the Agreement shall be five (5) years from the effective date hereof
      (‘Initial Term’). Thereafter, this Agreement shall automatically
      renew for successive one (1) year terms (‘Renewal Terms’) unless
      either party serves written notice to the other party, at least ninety (90)
      days prior to the end of the then existing Renewal Term, terminating this
      Agreement upon expiration of the then existing Renewal Term. Each individual
      year of the Agreement may be referred to hereinafter as a ‘Contract
      Year’. ”
	 	 	 
	 	      3. 
      The parties hereby agree to amend Section 7 entitled “Payments/Royalties”
      in its entirety and replace it with the following provisions:  

 Page 3

	      	“7.1 (a) Provided that
        TALENT fulfills all of his obligations and warranties herein and provided
        TALENT does not breach the terms of this Agreement, COMPANY guarantees
        TALENT that the total of the payments made to TALENT shall amount in the
        aggregate to be no less than Five Hundred Thousand US Dollars ($500,000.00)
        for each Contract Year of this Agreement (referred to hereinafter as ‘Minimum
        Annual Compensation’), which shall be payable in fifty two (52) equal
        weekly installments. In calculating such Minimum Annual Compensation,
        COMPANY shall credit any payments earned by TALENT under the paragraphs
        of this Section 7 against the Minimum Annual Compensation. For the purposes
        of this paragraph, any royalty payments due under the Agreement shall
        be deemed ‘earned’ only at the time they are paid to TALENT.

      
	 	 
	 	     (b)
        Within one hundred twenty (120) days after each Contract Year during the
        Term has ended, if it is determined that TALENT has earned more than the
        Minimum Annual Compensation for services rendered during that Contract
        Year, TALENT shall be paid in one lump sum within fifteen (15) days thereafter
        the difference between the Minimum Annual Compensation and what TALENT
        actually earned for services rendered during that Contract Year.

      
	 	 
	 	7.2 (a) If TALENT appears
        and performs in any Event in an arena before a live audience at which
        admission is charged other than those arena events which are taped or
        broadcast for purposes pursuant to paragraph 7.2 (b) and paragraph 7.2
        (c) hereof (hereinafter ‘House Shows’), TALENT may be paid by
        COMPANY, as COMPANY shall determine in its discretion, an amount equal
        to such percentage of the paid receipts for such House Show from the live
        House Show gate receipts only as is consistent with the nature of the
        match in which TALENT appears, i.e., preliminary, mid-card, main event,
        etc. and any standards COMPANY establishes specifically for such House
        Show.

      
	 	 
	 	     (b)
        If TALENT appears and performs in connection with an arena or studio Event
        which is taped or broadcast for use on COMPANY's television network or
        on a pay-per-view basis (‘TV Taping’), TALENT may be
        paid by COMPANY, as COMPANY shall determine in its discretion, an amount
        consistent with the nature of the match in which TALENT appears, i.e.,
        preliminary, mid-card, main event, etc. and any standards COMPANY establishes
        specifically for such TV Taping.

	 	 
	 	7.3 (a) Licensed Product Royalties:
        In the event that the Original and/or New Intellectual Property are used
        by PROMOTER and/or licensed, sublicensed, or otherwise assigned to third
        parties for production, reproduction and/or sale and distribution, in
        conjunction with any consumer materials, goods or merchandise, (hereinafter
        collectively referred to as ‘Licensed Products’), such that
        the applicable Licensed Product only features the Original and/or New
        Intellectual Property , TALENT shall be paid twenty-five percent (25%)
        of the Licensed Products' Net Receipts received by PROMOTER with respect
        to any such licensing, sublicensing or assignment. Licensed Products'
        Net Receipts means the gross amount received by PROMOTER less expenses
        incurred by PROMOTER or its licensing agent for the applicable Licensed
        Product. TALENT acknowledges and agrees that TALENT shall not be 
      

 Page 4 

  

	      	eligible for any royalties
        with respect to television license, advertising and distribution fees
        paid to PROMOTER by any entity in connection with the exploitation of
        Original and/or New Intellectual Property.

	 	 
	 	     (b)
        In the event that the Original and/or New Intellectual Property are used
        by PROMOTER or licensed, sublicensed, or otherwise assigned to third parties
        in connection with Licensed Products featuring TALENT with other wrestlers
        represented by PROMOTER, PROMOTER shall allocate twenty-five percent (25%)
        of the Licensed Products Net Receipts, to be paid pro-rata among TALENT
        and all other talent so featured.  

	 	 
	 	7.4 (a) Direct Sales Royalties:
      In the event that PROMOTER distributes and sells directly any Licensed Products
      other than any WWE Pay-Per-Views ,as set forth in paragraph 7.5(c), below
      or any WWE Video Products, as set forth in Paragraph 7.5(d) below, including
      without limitation, at the arena, via mail order sales or directly on television,
      or via the Internet (hereinafter ‘Direct Sales Products’), such
      that the applicable product only features the Original and/or New Intellectual
      Property of the TALENT, TALENT shall be paid five percent (5%) of the Direct
      Sales Products' Net Receipts derived by PROMOTER from such exploitation.
      For purposes of this paragraph, Direct Sales Products' Net Receipts mean
      the gross amount received by PROMOTER for sales of such products after deduction
      of local taxes and applicable arena commission(s) allocated for concession
      sales and cost of goods.
	 	 
	 	     (b)
      In the event that the Original and/or New Intellectual Property of the TALENT
      are exploited by PROMOTER, such that Direct Sales Products feature TALENT
      with other wrestlers represented by PROMOTER, PROMOTER shall allocate five
      percent (5%) of the Direct Sales Products Net Receipts to be paid pro-rata
      among TALENT and all other talent so featured.
	 	 
	 	7.5 (a) (i) Royalties/Pay-Per-View
      Videos Sold By Licensees: PROMOTER shall allocate twenty-five percent (25%)
      of the Net Receipts paid to PROMOTER by licensees authorized to reproduce
      and sell video cassettes, videodiscs, CD ROM, or other technology, including
      technology not yet created (hereinafter referred to as ‘WWE Video Products’),
      of WWE pay-per-views in their entirety (‘WWE Pay-Per-Views’) to
      a talent royalty pool. Thereafter, PROMOTER shall pro-rate payment to TALENT
      and all other talent appearing in such WWE Pay-Per-Views in the same proportion
      as was the compensation paid to TALENT for his appearances in the pay-per-views
      to the total amount paid to all talent for their appearances in the pay-per-view.
      For purposes of paragraphs 7.5(a)(i) and 7.5(a)(ii), Net Receipts shall
      mean the gross amount received by PROMOTER from the licensees for the WWE
      Pay-Per-Views less any and all costs incurred by PROMOTER to produce and/or
      distribute such WWE Pay-Per-Views.
	 	 
	 	          (ii)
        In the event that the WWE Video Products are a compilation or derivative
        work of multiple individual WWE Pay-Per-Views in their entirety, such
        as a collection of videos, e.g., a Wrestlemania box set, payment to TALENT
        shall be calculated as follows: twenty-five percent (25%) of the Net Receipts
        paid to PROMOTER by licensees shall comprise

 Page 5 

  

	      	the talent royalty pool, which
      shall first be pro-rated based on the number of individual videos in the
      compilation, and then the payment to TALENT for each video shall be consistent
      with the royalty payment to the TALENT at the time that each individual
      video was first released.
	 	 
	 	(b) Royalties/Non-Pay-Per-View
      Videos Sold By Licensees: PROMOTER shall allocate twenty-five percent (25%)
      of the Net Receipts paid to PROMOTER by licensees authorized to reproduce
      and sell all other WWE Video Products, other than those set forth in paragraphs
      7.5(a)(i) and 7.5(a)(ii) above, to a talent royalty pool, from which PROMOTER
      shall pay TALENT and all other talent appearing in such WWE Video Products
      pro-rata among TALENT and all other talent so featured. For purposes of
      this paragraph 7.5(b), Net Receipts shall mean the gross amount received
      by PROMOTER for the WWE Video Products less any and all costs incurred by
      PROMOTER to produce and/or distribute such WWE Video Products.
	 	 
	 	(c) (i) Royalties/Pay-Per-View
      Videos Sold By Promoter: PROMOTER shall allocate five percent (5%) of the
      Net Receipts paid to PROMOTER with respect to the direct sale by PROMOTER
      of WWE Pay-Per-Views to a talent royalty pool. Thereafter, PROMOTER shall
      pro-rate payment to TALENT and all other talent appearing in such WWE Pay-Per-Views
      in the same proportion as was the compensation paid to TALENT for his appearances
      in the pay-per-views to the total amount paid to all talent for their appearances
      on the pay-per-views For purposes of paragraphs 7.5(c)(i) and 7.5(c)(ii),
      Net Receipts shall mean the gross amount received by PROMOTER for the WWE
      Pay-Per-Views.
	 	 
	 	          (ii)
      In the event that the WWE Video Product is a compilation or derivative work
      of multiple individual WWE Pay-Per-Views in their entirety, such as a collection
      of videos, e.g., a Wrestlemania box set, payment to TALENT shall be calculated
      as follows: five percent (5%) of the Net Receipts paid to PROMOTER shall
      comprise the talent royalty pool, which shall first be pro-rated based on
      the number of individual videos in the compilation, and then the payment
      to TALENT for each video shall be consistent with the royalty payment to
      the TALENT at the time each individual video was first released.
	 	 
	 	     (d)
      Royalties/Non Pay-Per-View Videos Sold By Promoter: PROMOTER shall allocate
      five percent (5%) of the Net Receipts paid to PROMOTER with respect to the
      direct sale by PROMOTER of all other WWE Video Products other than those
      set forth in paragraphs 7.5(c)(i) and 7.5(c)(ii) above, to a alent
      royalty pool, from which PROMOTER shall pay TALENT and all other talent
      appearing in such WWE Video Products pro-rata among TALENT and all other
      talent so featured. For purposes of this paragraph 7.5(d), Net Receipts
      shall mean the gross amount received by PROMOTER for the WWE Video Products.
      Notwithstanding the foregoing, if TALENT is deemed to be the ‘featured
      performer’ as determined by PROMOTER in its sole discretion, TALENT
      shall receive a bonus of an additional five percent (5%) of WWE’s Net
      Receipts up to the sale of the first one hundred fifty thousand (150,000)
      units. Once sales exceed 150,000, TALENT as a featured performer shall receive
      ten percent (10%) of WWE’s Net Receipts on all units sold, including
      the first 150,000 units. For example, the featured performer in the video
      entitled ‘Cause Stone Cold Said So’ is

 Page 6

	      	‘Stone Cold Steve Austin’.
        If TALENT is part of a group that is determined to be the ‘featured
        performer’, TALENT shall share pro-rata with each and every member
        of the group in any bonus monies that may be due in connection with such
        WWE Video Products.

	 	 
	 	7.6 In the event the TALENT and/or
      the Original and/or New Intellectual Property of TALENT are used by COMPANY
      or licensed, sublicensed or assigned by COMPANY for non-wrestling related
      personal appearances and performances such as personal appearances for advertising
      or non-wrestling promotional purposes, radio and television commercials,
      movies, etc., TALENT may earn an amount to be mutually agreed to by TALENT
      and by COMPANY of the ‘Personal Appearance Net Receipts’ received
      by COMPANY, which amount, if any, may then be credited against TALENT’S
      Minimum Annual Compensation, if any. Personal Appearance Net Receipts means
      the amount received by COMPANY after payment of and provision for all of
      COMPANY's costs and expenses, except income taxes.
	 	 
	 	7.7 If COMPANY instructs TALENT
      to appear and perform in any Events or Programs as a commentator and/or
      to participate in post-Event production and/or voice-over activities as
      a commentator, TALENT's commentating shall be deemed work-for-hire and TALENT
      hereby assigns to COMPANY and COMPANY shall own all rights, in perpetuity,
      to all of TALENT's commentary and TALENT shall not be entitled to receive
      any royalty payments, or any additional compensation or residual payments
      whatsoever, as a result of COMPANY's commercial exploitation of such commentary
      in any form, whether broadcast programming, cable programming, pay-per-view
      programming, videotapes, videodiscs, the Internet or other mediums now or
      hereinafter discovered.
	 	 
	 	7.8 It is the understanding of
      the parties that TALENT shall not be paid anything for COMPANY's exploitation
      of the Original and/or New Intellectual Property in any of COMPANY's magazines
      or other publications or in any of COMPANY’s Internet websites which
      COMPANY may publish, produce or distribute at arenas, at newsstands and/or
      by mail or through electronic or any other manner of media or distribution,
      now known or hereinafter discovered, including, but not limited to, publication
      or distribution on the Internet or America On Line.
	 	 
	 	7.9 TALENT acknowledges and agrees
      that he shall only be eligible for the payments and royalties set forth
      in paragraphs 7.1 through 7.8 above for the performance of his services
      herein at the Events or in conjunction with any such other activities conducted
      by COMPANY that utilize TALENT’s services or Original and/or New Intellectual
      Property herein. TALENT acknowledges and agrees that any payments or royalties
      earned in connection with any wrestling services TALENT may perform during
      the term of this Agreement for any other wrestling/sports entertainment
      organization and /or entity may be credited against TALENT’s Minimum
      Annual Compensation, if any.
	 	 
	 	7.10 All payments made to TALENT are in full
      without withholding, except where required by law. After the end of each
      calendar year, COMPANY shall issue to TALENT Internal Revenue Service Form
      1099 showing all payments to TALENT during that calendar year.

 Page 7

	      	7.11 (a) COMPANY shall prepare
      and send statements as to royalties payable hereunder to TALENT within ninety
      (90) days following the end of each quarter, based upon the royalties received
      and processed by COMPANY in the previous quarter, together with payment
      of royalties, if any, earned by TALENT hereunder during such quarter-annual
      period, less advances and/or debits made by COMPANY on TALENT's behalf.
	 	 
	 	     (b)
      COMPANY shall maintain books of account related to the payment of royalties
      hereunder at its principal place of business. TALENT, or TALENT's designated
      independent certified public accountant who is a member in good standing
      of the AICPA, may at TALENT's sole expense examine COMPANY's books insofar
      as they pertain to this Agreement for the purpose of verifying the accuracy
      thereof, during COMPANY's normal business hours and upon reasonable notice.
      Such audit shall be conducted in a manner that will not unreasonably interfere
      with COMPANY's normal business operations. TALENT shall not audit COMPANY's
      books and records more than twice during any calendar year and no such audit
      shall be conducted later than six (6) months after the last statement of
      royalties is given, delivered or sent to TALENT. Each audit is limited to
      five (5) days in duration. Statements of royalties may be changed from time
      to time to reflect year-end adjustments, to correct clerical errors and
      for similar purposes.
	 	 
	 	      (c)
      TALENT shall be deemed to have consented to all statements of royalties
      and all other accountings provided by COMPANY hereunder and each such statement
      of royalties or other accounting shall be conclusive, final, and binding;
      shall constitute an account stated; and shall not be subject to any objection
      for any reason whatsoever unless a specific objection in writing, stating
      the basis thereof, is given by TALENT to COMPANY within one (1) year from
      the date the royalty statement at issue was given, delivered or sent to
      TALENT.
	 	 
	 	      (d)
      No claim shall be filed pursuant to paragraph 13.8 below against COMPANY
      or COMPANY's affiliates that disputes any statement of royalties or accounting
      given by COMPANY hereunder or that makes any claim for royalties or royalty
      payments, unless the same is commenced or filed within one (1) year after
      the date such statement or accounting is first given, delivered or sent
      to TALENT, and unless TALENT has first exhausted his remedies pursuant to
      paragraph 7.11(b) above.”

      4.  All
  terms not defined herein shall have the same meaning given them in the Agreement.
   Except as expressly or by necessary implication
  modified hereby, the terms and conditions of the Agreement are hereby ratified
  and confirmed without limitation or exception.

 Page 8 

Please confirm your acceptance of this First Amendment
  as set forth above by signing and notarizing in the space provided on each of
  the enclosed two (2) copies and return them to me. One (1) fully executed copy
  will be returned to you for your files. Thank you in advance for your prompt
  attention to this matter. 

ACKNOWLEDGED AND AGREED:

	WORLD WRESTLING
	                
	SHANE McMAHON

	ENTERTAINMENT,
        INC
	 	 
	(“WWE”)
	 	 
	 	 	 
	 	 	 
	By:  
	/s/ James Ross
	   
	By:    
	/s/ Shane
        McMahon

	 	
	 	 	

	 	James Ross
	 	 	Shane McMahon

	 	Senior Vice President Talent
        Relations  
	 	 	 
	 	and Wrestling Administration

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