Document:

Exhibit 10.7

                        TRADEMARK CO-EXISTENCE AGREEMENT

            This Trademark Co-Existence Agreement (this "Agreement") is made and
entered into as of this June 30, 2005, by and between Ronald M. Popeil, an
individual ("Popeil"), and Ronco Marketing Corporation, a Delaware corporation
("RMC").

                                    RECITALS

      A. Reference is hereby made to that certain Asset Purchase Agreement (the
"Asset Purchase Agreement"), dated December 10, 2004, by and among Popeil, Ronco
Inventions, LLC, Popeil Inventions, Inc., RP Productions, Inc., RMP Family Trust
(collectively, the "Popeil Entities"), on the one hand, and RMC, on the other
hand.

      B. Pursuant to the Asset Purchase Agreement, the Popeil Entities have
agreed to sell, transfer, convey, assign and deliver certain assets to RMC,
including without limitation the Intellectual Property (as defined in the Asset
Purchase Agreement), which includes all of the Popeil Entities' right, title and
interest in and to the trademarks POPEIL and RON POPEIL (collectively, the marks
POPEIL and RON POPEIL, together with the name, approved likeness, approved
silhouette and voice of Popeil shall be referred to herein as the "Marks").

      C. Pursuant to the Asset Purchase Agreement, the parties hereto have
agreed that Popeil shall retain certain use and approval rights in and to the
Marks for only specified purposes as set forth herein.

      D. Popeil and RMC desire to assure worldwide peaceful co-existence of
their respective exclusive use rights in and to the Marks in accordance with the
terms set forth herein.

                                    AGREEMENT

      In consideration of the mutual covenants and undertakings set forth in
this Agreement and for other good and valuable consideration, the receipt and
sufficiency of which are hereby acknowledged, the parties hereto hereby agree as
follows:

      1. Consent to Co-Exist.

            (a) RMC hereby acknowledges and agrees that Popeil shall have the
right to use and exploit the Retained Rights (as defined below) in connection
with the Marks throughout the universe in perpetuity, in accordance with the
terms and conditions set forth herein. RMC shall not object to, oppose or
otherwise seek to limit in any way Popeil's exercise of the Retained Rights; nor
shall RMC use or exploit the Retained Rights in any manner.

            (b) Popeil hereby acknowledges and agrees that, except as set forth
herein with respect to Popeil's rights to the Retained Rights and Popeil's
rights under paragraph 10 below, RMC shall have the right to use and exploit the
Marks throughout the universe in perpetuity in accordance with the terms and
conditions set forth herein. Except as otherwise provided for herein, Popeil
shall not object to, oppose or otherwise seek to limit in any way RMC's exercise
of its rights to the Marks.

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            (c) Given the disparate channels of trade, different targeted
consumers, and dissimilar focus of the parties' goods and services, the parties
have determined that their respective uses of the Marks are not likely to cause
confusion, mistake, or deception as to the source or sponsorship of each of the
parties' goods and services.

            (d) The parties agree that in the event that any confusion arises,
they will cooperate and find ways to eliminate or minimize the confusion,
without the obligation for either party to cease or further restrict their
respective uses of the Marks.

      2. Term. The term of this Agreement shall commence upon the Closing Date
(as such term is defined in the Asset Purchase Agreement) and shall continue in
perpetuity.

      3. Retained Rights.

            (a) Further to the Asset Purchase Agreement, Popeil shall retain the
following worldwide royalty-free perpetual exclusive rights in and to the Marks
(collectively, the "Retained Rights"):

                  (i) Popeil or his designees will have the right to use the
Marks and/or license the Marks to any third party for use in connection with any
Exempted Works, as such term is defined in the New Product Development
Agreement, and any products or works derived or resulting from such Exempted
Works;

                  (ii) Popeil or his designees will have the right to use and
license the phrase "invented by Ron Popeil" or "created by Ron Popeil" (each as
and only to the extent permitted under the New Product Development Agreement);

                  (iii) Popeil or his designees will retain the right to use the
Marks in connection with, and to the extent licensed pursuant to that certain
agreement between IGT and Popeil, dated February 27, 2004;

                  (iv) Popeil shall have the right to use the Marks and/or to
license the Marks to any third party for use (a) in any book or article
(collectively, any "Publication"), or any motion picture, television or home
video production (collectively, any "Production") featuring, about and/or
created by Ronald M. Popeil including, without limitation, the motion picture
tentatively entitled "Salesman of the Century" and any television program or
series (including, by way of example but not limitation, any cooking show on
which Ronald M. Popeil appears and/or any reality-based or fictional program or
series, but not including any home shopping or infomercial-type program, the
principal purpose of which is to obtain and fulfill sales orders); (b) on the
advertising, marketing, promotional and/or packaging materials for any
Publication or Production; (c) on any ancillary merchandise usually and
customarily offered in connection with motion pictures and television
productions (e.g., t-shirts, sweatshirts, hats, aprons and other clothing,
companion books and other printed materials, mugs, posters, and soundtrack
albums, videocassettes and DVD's, theme park attractions, etc.) offered in
connection with any Publication or Production (but specifically excluding any
merchandise that competes with any of the 5 Product Line Categories set forth in
the New Product Development Agreement of even date entered into among Popeil,
Alan L. Backus and RMC); and (d) on or in connection with any slot machine or
other such gaming device featuring the Marks;

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            (v) Popeil or his designees will have the right to utilize and
depict any or all of the Ronco (as defined in the Asset Purchase Agreement)
products in and in connection with any of the foregoing retained rights,
including, without limitation, in motion pictures, IGT gaming devices and
related goods (e.g., signs, seats and promotional materials); and

            (vi) Popeil will retain the right to enter into a licensing or other
arrangement with Sara Lee Corporation on behalf of RMC under which such
manufacturer(s) or distributor(s) will have the right to manufacture and sell
food products bearing the Popeil or Ronco name; provided, that 100% of any
royalties, minimum guarantees or similar payments received by RMC from any such
arrangement will be applied to repayment of the Notes issued by RMC pursuant to
the Asset Purchase Agreement until all obligations under such Notes have been
repaid in full (such payments to be made to the holder of the Notes or to a
designee duly acting on behalf of such holder), and thereafter Popeil, in his
individual capacity, will be entitled to 50% of any such gross royalties or
gross payments received by RMC and RMC will be entitled to the remaining 50% of
any such royalties or payments received by RMC.

      4. Existing Third Party Rights To Marks. RMC hereby further acknowledges
that its rights in and to the Marks as acquired under the Asset Purchase
Agreement are subject to the third party rights to Popeil's name and likeness
previously granted to QVC pursuant to that certain agreement dated as of April
2, 2000, between QVC, Inc. and Ronco, Inc.

      5. Consideration. In consideration of the rights granted to each party
hereunder and under the Asset Purchase Agreement, each party agrees to be bound
by the applicable terms and conditions hereof and all of their respective
representations, warranties and agreements hereunder and thereunder.

      6. Quality Control.

            (a) The quality of all of the goods and products in connection with
which RMC uses the Marks (collectively, the "Products") shall equal or exceed
the quality of the products in connection with which the Marks have been
previously used by Popeil. Without limiting the foregoing, any infomercial
produced in connection with any Product shall be truthful and shall not mislead
consumers in any manner whatsoever, and, in the event RMC changes any existing
infomercial conveyed to RMC pursuant to the Asset Purchase Agreement in any
manner whatsoever, the resulting infomercial shall also be truthful and shall
not mislead consumers in any manner whatsoever.

            (b) Each party shall accurately reproduce the Marks. No partial
version of the Marks, or any fragments thereof, nor any modified or derivative
version of the Marks, may be used at any time for any purpose without the
express written consent of the other party in each instance. Neither party shall
combine any other trademark, service mark or trade name with the Marks, without
the express prior written consent of the other party in each instance.

            (c) Popeil shall have the right to inspect and approve in writing
(which approval shall not be unreasonably withheld or delayed) the products and
all packaging and marketing materials to be used in connection therewith prior
to their introduction into the market to ensure that they are in compliance with
the provisions of this paragraph.

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      7. Registration and Protection of the Mark. Popeil shall reasonably
cooperate with RMC in protecting all rights in and to the Marks. Notwithstanding
the foregoing, in no event shall Popeil be required to bear any costs or incur
any expenses in connection with the protection of the Marks.

      8. Approval Rights. Notwithstanding the assignment of the Marks to RMC
under the Asset Purchase Agreement, Popeil will retain the right to approve all
uses of the Marks for any purpose including without limitation in connection
with the quality of the Products and the Products, the quality of packaging and
packaging, the quality of advertising and advertising and the quality of
displays and displays, but such approval is not to be unreasonably withheld or
delayed. In the event that RMC does not receive such express written approval
within ten (10) business days after submission of a proposed use to Popeil, such
use shall be deemed disapproved. Without limiting the circumstances under which
Popeil may withhold his approval, the parties agree that it would be reasonable
for Popeil to withhold his approval with respect to a use of the Marks which is,
in Popeil's good faith judgment, inconsistent with the personal identity of
Ronald M. Popeil (e.g., if his name or likeness was used to market cigarettes,
sexual devices, etc.) or if the Marks were to be used for products that are, in
Popeil's good faith judgment, inferior to existing products marketed and/or sold
by Popeil or the Popeil Entities. At such time as Popeil dies or becomes
permanently incapacitated, Brian R. Adams, as Popeil's representative and agent
for purposes of the approval rights described herein, shall exercise the right
of approval described above; provided, that Popeil may, during his lifetime,
from time to time upon written notice to RMC, remove Mr. Adams and appoint any
of Alan L. Backus, Rod Dorman and/or Lauren Popeil (each (including Mr. Adams),
a "Permitted Representative" and collectively, including Mr. Adams, "Permitted
Representatives") to exercise the approval rights described herein; provided,
however, that at all times Popeil, during his lifetime, has a designated
Permitted Representative upon his death. If, after Popeil dies or becomes
permanently incapacitated, any of the Permitted Representatives exercising the
approval rights described herein (an "Outgoing Representative") dies, becomes
permanently incapacitated or resigns, then such approval rights shall
automatically pass to the Permitted Representative who accepts the
responsibilities of a Permitted Representatives hereunder, who has not
previously died or become permanently incapacitated and whose name next occurs
after that of the Outgoing Representative in the following list: Brian R. Adams,
Alan L. Backus, Rod Dorman and Lauren Popeil. Notwithstanding the foregoing,
Popeil's approval rights hereunder will cease upon the earlier to occur of (i)
the date that is 10 years after the date of Popeil's death or (ii) 20 years
after the Closing Date under the Asset Purchase Agreement. RMC will have the
right to rely upon any action taken by a Permitted Representative in his/her
capacity as Popeil's representative as contemplated hereunder.

      9. Indemnification. RMC does hereby indemnify and agree to save and hold
Popeil, the Permitted Representatives, the Popeil Entities, its and their
respective affiliates, successors, licensees, heirs and assigns, and the
officers, directors, agents and employees of each of them, harmless of and from
any and all liability, claims, causes of action, suits, losses, settlements,
damages, fines, penalties and expenses (including, but not limited to,
reasonable attorneys' fees and expenses) for which they or any of them may
become liable or may incur or be compelled to pay in any action or claim against
them or any of them, by reason of or in connection with (a) any breach or

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alleged breach by RMC of this Agreement or any of RMC's representations,
warranties or agreements hereunder, (b) the use by RMC of the Marks, and/or (c)
the production, distribution, provision, advertising and promotion by RMC of the
Products. The indemnitees shall give RMC prompt written notice of any such
action or claim, and RMC shall take such action as is reasonably advisable to
defend such action or claim on behalf of the indemnitees. The indemnitees shall
have the independent right to defend such action or claim with attorneys of the
indemnitees' selection at the sole expense of RMC. In any case, the indemnitees
and RMC shall keep each other fully advised of all developments and shall
cooperate fully with each other in all respects in connection with any such
defense. The foregoing duty of indemnification shall survive the expiration of
this Agreement. For so long as any of the Marks are used by RMC (or by any
affiliate, subsidiary, or other person or entity on its behalf) in connection
with the Products or otherwise, RMC shall include Popeil and/or his estate a
named insured under RMC's product, general liability and errors and omissions
insurance policies (with combined limits of not less than Ten Million Dollars
(US$10,000,000)), all of which policies shall be issued by reputable insurers
with top A.M. Best (or substantially equivalent) ratings, and shall provide
Popeil with certificates of insurance evidencing such coverage prior to any use
of any Products or any marketing, advertising or promotion of or for any
Products.

      10. Event of Default Under Notes. At such time as (a) there is an Event of
Default under the Notes issued by RMC pursuant to the Asset Purchase Agreement,
(b) if such Event of Default is a payment default, the amount available to draw
down under the Letter of Credit (or any supplementary letters of credit), as
contemplated by the Asset Purchase Agreement, is insufficient to cure such
payment default and (c) the amount borrowed from the Purchase Money Lender (as
defined in the Asset Purchase Agreement) who, as of the closing of the Asset
Purchase Agreement, has the senior secured position on the Marks has either been
repaid or refinanced, then, at Popeil's election, RMC will grant Popeil a
non-exclusive license (at no cost to Popeil) to use the Marks in connection with
the manufacturing, marketing and sale of the specific new products as to which
Popeil (or any Seller under the Asset Purchase Agreement) elects to re-acquire,
pursuant to the New Product Development Agreement by, for example, electing to
terminate the applicable patent and other intellectual property licenses
previously granted to RMC or any of its affiliates. Such non-exclusive license
in favor of Popeil shall be irrevocable with respect to any products as to which
Popeil has taken any substantial steps toward the manufacture, marketing and/or
sale of such products. Popeil agrees that as to any Marks used to identify any
of the Included Products (as defined in the Asset Purchase Agreement), he will
not, thereafter, license them to a third party, except in connection with an
agreement for such third party to distribute the products on Popeil's behalf.

      11. Notices. All notices, requests, demands and other communication under
this Agreement shall be deemed to have been sufficiently given either when
delivered by hand, first class mail (postage pre-paid, return receipt
requested), private courier service or facsimile addressed to either party.
Notices shall be effective only when addressed as follows (or as otherwise
designated by proper notice under this Agreement):

                           To RMC:  Ronco Marketing Corporation
                                                     Attention:  Richard Allen
                                                     21344 Superior Street
                                                     Chatsworth, CA 91311
                                                     Phone:  (818) 775-4602
                                                     Fax:  (800) 434-5134

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                            With a copy to:

                                          Gilbert Azafrani, Esq.
                                          21344 Superior Street
                                          Chatsworth, CA 91311
                                          Phone:  (818) 775-4602
                                          Fax:  (818) 775-1386

                To Popeil:            Mr. Ronald M. Popeil
                                      1672 Waynecrest Drive
                                      Beverly Hills, CA 90210
                                      Phone: (310) 273-4411
                                      Fax: (310) 273-4483

                                      With a copy to:

                                      O'Melveny & Myers LLP
                                      610 Newport Center Drive, 17th Floor
                                      Newport Beach, CA 92660
                                      Attention:  Terrence Allen, Esq.

      12. Specific Performance; Injunctive Relief. Popeil will be entitled to
injunctive relief, without any requirement for the posting of a bond, to enjoin
any breach or prevent any threatened breach by RMC of any provision of this
Trademark Co-Existence Agreement, the Consulting Agreement or the New Product
Development Agreement. Popeil will additionally be entitled to specifically
enforce the due and timely performance by RMC of its obligations hereunder.

      13. Assignment. Popeil may freely assign this Agreement, or any part
hereof, without limitation, including the right to receive payments hereunder.
RMC may not assign this Agreement, or any part hereof, unless in each instance
(i) the proposed assignee agrees in writing (in a form reasonably acceptable to
Popeil) to be bound by the terms and conditions (including without limitation
Popeil's approval rights and the quality control provisions) of this Agreement;
and (ii) RMC first obtains Popeil's prior written consent, which consent shall
not be unreasonably withheld.

      14. Relationship of the Parties. This Agreement does not constitute either
party as, and neither party shall represent itself as, the agent of the other,
or create a partnership or joint venture between the parties, and, except as
specifically set forth herein, neither party shall have the power to obligate or
bind the other in any manner whatsoever.

      15. Severability. If any provision of this Agreement is determined to be
invalid, illegal or unenforceable, the remaining provisions of this Agreement

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shall remain in full force and effect, provided that the economic and legal
substance of the transactions contemplated is not affected in any manner
materially adverse to any party.

      16. Entire Agreement. This Agreement and the Asset Purchase Agreement
contain the entire understanding and agreement between the parties hereto with
respect to the subject matter hereof, supersede all prior oral and written
understandings, arrangements and agreements relating thereto, and may not be
modified, amended, extended, discharged, or terminated except by a written
instrument signed by both parties.

      17. Arbitration; Attorneys' Fees and Costs. Any dispute arising out of or
relating to this Agreement, including, without limitation, any dispute arising
out of or in connection with Popeil's approval rights under Paragraph 1 hereof
or Popeil's exercise of such approval rights, shall be resolved in accordance
with the procedures set forth in Section 11.10 of the Asset Purchase Agreement,
which section shall be incorporated herein by reference. In the event of any
arbitration or other action for the breach of this Agreement or
misrepresentation by any party, the prevailing party in such arbitration or
other action shall be entitled, in addition to all other relief, to reasonable
attorneys' and experts' fees relating to such arbitration or other action,
including attorneys' and experts' fees incurred in any proceeding to compel
arbitration. The non-prevailing party shall be responsible for all costs of the
arbitration or litigation, including but not limited to, the arbitration fees,
court reporter fees, etc.

      18. Governing Law. This Agreement shall be governed by and construed in
accordance with the laws of the State of California without giving effect to
conflict of laws.

      19. Waiver. Any waiver by Popeil of a breach of any provision of this
Agreement shall not operate as or be construed to be a waiver of any other
breach of such provision or of any breach of any other provision of this
Agreement. The failure of Popeil to insist upon strict adherence to any term of
this Agreement on one or more occasions shall not be considered a waiver or
deprive Popeil of the right thereafter to insist upon strict adherence to that
term or any other term of this Agreement. Any waiver must be in writing.

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IN WITNESS WHEREOF, the parties hereto have executed this Agreement as of the
date first written above.

Ronco Marketing Corporation  ("RMC")

By:      /s/ Karl Douglas                       /s/ Ronald M. Popeil
         ---------------------------            ---------------------------
Name:    Karl Douglas                           RONALD M. POPEIL ("Popeil")
         ---------------------------
Its:     President
         ---------------------------

                                       8EXHIBIT 10.8

                        NEW PRODUCT DEVELOPMENT AGREEMENT

            This New Product Development Agreement (this "Agreement") is made
and entered into as of June 30, 2005, by and among Ronald M. Popeil ("Popeil" or
"Party"), Alan L. Backus ("Backus" or "Party") and Ronco Marketing Corporation,
a Delaware corporation ("Company" or "Party" and together with Popeil and
Backus, the "Parties").

            Reference is made to that certain Asset Purchase Agreement, dated
December 10, 2004, by and among Company, Ronco Inventions, LLC, Popeil
Inventions, Inc., RP Productions, Inc., RMP Family Trust and Popeil (the "Asset
Purchase Agreement").

            This Agreement is entered into in connection with the Asset Purchase
Agreement. The purpose of this Agreement is to set forth the terms and
conditions pursuant to which Company may acquire certain rights in and to
certain consumer products to be conceived, created, designed and developed by
Popeil.

            In consideration of the mutual covenants and undertakings set forth
in this Agreement and for other good and valuable consideration, the receipt and
sufficiency of which are hereby acknowledged, the parties hereto hereby agree as
follows:

      1. Development of New Products. As used in this Agreement, the term "New
Product" means any consumer product conceived, created, designed and developed
by Popeil and Backus during the Term (as defined below), to the extent Popeil
owns and controls the rights to such products, as well as the product designs,
prototypes, tooling and a completed commercial or infomercial for such New
Product. Subject to the terms and conditions of this Agreement, Popeil and
Backus may, in their sole and absolute discretion, but shall in no event be
obligated to, conceive, create, design and develop New Products during the Term.
Notwithstanding anything to the contrary set forth in this Agreement, "New
Products" shall not include any products or works (including without limitation,
books, interviews, articles and other publications, motion pictures (including,
without limitation, the motion picture tentatively entitled "Salesman of the
Century"), television programs (including, without limitation, cooking shows on
which Popeil appears and/or reality based or fictional productions, but not
including home shopping or infomercial-type programs the principal purpose of
which is to obtain and fulfill sales orders), videos, video games and gaming
devices, CDs and DVDs) that are (i) autobiographical in nature, or (ii)
derivative of or the result of any product or work described in (i) above,
and/or (iii) derivative of or the result of any promotion by Popeil of himself
(e.g., derivative of or the result of an appearance by Popeil on a talk show)
(the products and/or works described in (i), (ii), and (iii) above are
hereinafter collectively referred to as "Exempted Works"). Popeil shall have the
exclusive right, in his sole and absolute discretion, to conceive, create,
design, develop, market, promote (including, without limitation, through
personal appearances) and/or sell Exempted Works, and Popeil shall have no duty
of any kind or nature to notify Company, to account to Company or to pay Company
any sums or other consideration with respect to Exempted Works or with respect
to services he may render in connection with Exempted Works.

<PAGE>

      A. New Product Development. For the purposes of this Agreement, all New
      Products shall be developed, if at all, at Popeil's sole cost and expense.
      A New Product shall be deemed appropriate for submission to Company in
      accordance with the terms and conditions of this Agreement, at such time,
      if ever, as the New Product has been conceived, created and designed and a
      working prototype of the New Product (a "Prototype") has been produced.

      B. Third Parties. Popeil may, in his sole and absolute discretion,
      contract with and/or engage the services of such persons and/or entities
      as he sees fit for purposes of conceiving, creating, designing, developing
      and/or completing New Products under this Agreement.

      C. Allocation of Time. As between Popeil and Company, Popeil shall
      determine, in his sole and absolute discretion, the amount of time (if
      any) he and Backus will devote to the conception, creation, design,
      development and completion of New Products, and Popeil shall not be
      required to spend any minimum number of hours per day, week, month or year
      conceiving, creating, designing, developing or completing New Products. In
      such regard, Popeil makes no representation or warranty as to the number
      of New Products that may be conceived, created, designed, developed or
      completed by him during the Term, it being understood that Popeil and
      Backus may choose not to conceive, create, design, develop or complete any
      New Products during the Term.

      D. Creative Controls. As between Popeil and Company, Popeil shall have all
      creative controls over New Products, and over all packaging, advertising,
      naming and promotion therefor, including, without limitation, all creative
      controls over all stages of New Product conception, creation, design,
      development and completion.

      2. Right of First Refusal. Subject to the terms and conditions of this
Agreement, Company shall have a right of first refusal, exercisable in
accordance with the terms of Paragraph 2.A below, to acquire any and all New
Products submitted to Company by Popeil under this Agreement. The "Term" of this
Agreement and the right of first refusal shall commence upon the Closing Date
(as such term is defined in the Asset Purchase Agreement) and shall expire upon
the date that is three (3) years from the Closing Date, it being understood and
agreed, however, that, notwithstanding anything to the contrary in this
Agreement, Popeil shall in no event be required to submit a New Product that has
not reached the prototype phase prior to expiration of the Term or earlier
termination of this Agreement. The Term shall be subject to extension, if at
all, only by the mutual agreement in writing of the parties.

      A. Submission/Negotiation Process. During the Term, Popeil shall submit
      all Prototypes to Company for consideration by Company, promptly following
      completion of the Prototype. Submissions of Prototypes shall consist of a
      written notification from Popeil, alerting Company that a Prototype has
      been completed (a "Prototype Notice"), along with the Prototype and such
      items as shall be reasonably necessary for Company to evaluate the
      Prototype. Except with respect to the Turkey Fryer, the terms of which are
      addressed in Paragraph 2.F below, if Company decides to acquire such New

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      Product, the acquisition price (the "Acquisition Price") of such New
      Product and the terms of such acquisition (e.g., whether the acquisition
      will include the conveyance or license of any intellectual property
      associated with the New Product described in the Prototype Notice) shall
      then be negotiated between the parties in good faith for a period (the
      "Negotiation Period") mutually agreed upon by the parties, but no longer
      than 30 days following the delivery of the Company's written response. The
      Acquisition Price will include, but will not be limited to, the cost of
      any New Product designs, prototypes, tooling, completion costs related to
      the completion of the New Product described in Paragraph 2. C below and
      any completed commercial or infomercial related to such New Product.

      B. First Refusal. In the event that Company and Popeil do not reach
      agreement regarding the Acquisition Price of a New Product within the
      Negotiation Period, Popeil must put his last best offer to Company in
      writing and deliver such offer to Company. Popeil shall not, during the
      Term after the Negotiation Period, conclude transactions with any third
      party with respect to the New Product on economic terms, taken together in
      the aggregate, more than ten percent (10%) less favorable to Popeil than
      the last terms reasonably offered by Popeil in writing to Company during
      the Negotiation Period unless Popeil first offers the New Product to
      Company in writing on such terms and Company does not within ten (10) days
      after its receipt of such notice, notify Popeil in writing that it wishes
      to acquire the New Product in accordance with the terms offered to such
      third party by Popeil. If Company doesn't give such an acceptance notice
      within the aforesaid 10-days, Popeil will be able proceed with the third
      party.

      C. New Product Completion or Abandonment. If Company desires to acquire a
      New Product as to which it has received a Prototype Notice and Company and
      Popeil reach an agreement regarding the Acquisition Price during the
      Negotiation Period, Popeil shall resume developing the New Product and
      shall, upon completion, deliver the finished New Product to Company.
      Notwithstanding the foregoing, if, at any point during the completion
      process (i.e., after agreement on the Acquisition Price and prior to
      completion and delivery of the New Product to Company), Popeil determines,
      in his good faith business judgment, that the New Product is not and will
      not be marketable or fit for sale, Popeil may abandon such New Product
      with no further obligation to Company in connection with such New Product.
      Upon abandonment, Popeil shall promptly deliver notice of such abandonment
      to Company.

      D. Election by Company Not to Acquire New Product. With respect to each
      New Product as to which Company has received a Prototype Notice, if (i)
      Company elects not to acquire such New Product; or (ii) Company and Popeil
      do not reach agreement regarding the Acquisition Price of such New Product
      within the Negotiation Period, then, in accordance with the terms and
      conditions of this Agreement and subject to the terms of Paragraph 2.B
      above:

            (i) Popeil shall have no further obligation to Company whatsoever
with respect to the New Product, Company shall have no rights of any kind or
nature in or to the New Product, and Popeil may thereafter use or dispose of the

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New Product as he sees fit in his sole and absolute discretion; provided,
however, that, notwithstanding anything to the contrary contained herein, Popeil
shall have no right to license or otherwise exploit any New Product that is a
derivative product to any existing consumer product to which Popeil owns and
controls the rights in the following five product-line categories: Rotisseries,
Pasta Makers, Pocket Fisherman, GLH- Hair Loss Products, Food Dehydrators (the
"5 Product Line Categories"). Without limiting the foregoing, with respect to
New Products that are not derivative products that fall within the 5 Product
Line Categories, Popeil may thereafter (w) manufacture, merchandise and market
the New Product himself or through any third party; (x) engage in discussions
with any third party with respect to the New Product; and/or (y) complete and
conclude transactions with any third party with respect to the New Product.
Popeil may not, however, act as a spokesman for such New Products in
commercials, infomercials and/or other marketing endeavors.

                  (ii) With the exception of the 5 Product Line Categories
identified in paragraph 2.C.(i) above, the Company shall grant Popeil a
worldwide, perpetual, royalty-free license to use, in connection with the
non-acquired New Product, any and all patents conveyed to Company pursuant to or
in connection with the Asset Purchase Agreement. Such license shall be
irrevocable and on terms and conditions no more restrictive or burdensome on the
licensee than the absolute minimum required by law, if any.

                  (iii) For New Products not acquired by Company neither
Popeil's name nor likeness nor any material identifying Popeil can be used on
the packaging of the product or on the product itself. However, unless Company
has paid Popeil $100,000 as of the effective date of this Agreement,
notwithstanding the foregoing sentence, on each such New Product not acquired by
Company hereunder Popeil may place a badge no larger than a silver dollar, which
can bear the legend "created by Ron Popeil" and/or "invented by Ron Popeil". If
Company has not exercised its option hereunder to prevent the use of the "silver
dollar badge", then for each such New Product not acquired by Company, Company
hereby grants to Popeil in connection with such product a world-wide, perpetual,
royalty-free license to use or exercise the "silver dollar" exception on such
New Products not acquired by Company, so long as such products are of a quality
that are comparable to Company's products.

      E. Suspension of Right of First Refusal. At such time as (i) there is an
      Event of Default under the Notes and (ii) the amount available to draw
      down under the standby letter of credit contemplated under Section 6.9 of
      the Asset Purchase Agreement is insufficient to cure such payment default,
      the right of first refusal under this Agreement shall be suspended until
      such time as there is no longer an Event of Default under the Notes. For
      purposes of clarity, if, during the suspension period, a product that
      would otherwise be subject to the right of first refusal hereunder is sold
      to a third party such product will not thereafter be subject to the right
      of first refusal or otherwise made available to Company after the
      suspension is lifted. For purposes of this Agreement, the term "Event of
      Default" has the meaning ascribed to such term under the Notes. For
      purposes of this Agreement, the term "Notes" means those purchase money
      promissory notes issued by Company to Ronco Inventions, LLC, Popeil
      Inventions, Inc. and RP Productions in connection with the Asset Purchase
      Agreement.

                                       4
<PAGE>

      F. Turkey Fryer Agreement. If Popeil delivers a Prototype Notice to
      Company with respect to a Turkey Fryer, then the following terms shall
      apply.

            (i) Turkey Fryer Acquisition Price. The Acquisition Price for the
Turkey Fryer will be:

                  (a) an up front fee of $3,000,000 (to be paid to Popeil and/or
his designee(s)) (the "Up Front Fee");

                  (b) a $5.50 per manufactured unit quality service payment to
be paid to Popeil (which Up Front Fee is not to be applied against the per unit
quality service payment) in perpetuity; provided, however, that at such time, if
ever, that the combined amount of the Up Front Fee and the aggregate monies paid
to Popeil from such unit quality service payments equal $10,000,000 (the
"Royalty Cap"), Company shall have no further obligation to make such unit
quality service payment to Popeil. For purposes of this Agreement, a Turkey
Fryer unit is deemed "manufactured" no later than five (5) business days after
such product is made available for Company or any of Company's Affiliates or
designees to take immediate possession. The term "Affiliate" has the same
meaning as is ascribed to such term in Asset Purchase Agreement

                  (c) all reasonably documented costs for the patent and
trademark filings, tooling and infomercials related to the Turkey Fryer; and

                  (d) any direct out of pocket expenses incurred by either
Popeil or Backus in connection with the development of the Turkey Fryer.

            (ii) Turkey Fryer Intellectual Property. All intellectual property
related to the Turkey Fryer will remain owned by Popeil until the Notes,
including any accrued and unpaid interest, are paid in full. Notwithstanding the
foregoing, Popeil will grant an exclusive, worldwide license to use, sell,
manufacture, distribute, market and sub-license the Turkey Fryer. Provided the
license has not been previously terminated in accordance with provisions in the
Paragraph 7 below, after the Notes have been paid in full, all intellectual
property related to the Turkey Fryer shall be immediately and automatically
transferred to Company, for no additional payments to Popeil (except for any
legal fees or filing fees Popeil may incur in documenting and recording the
conveyance, transfer or assignment). Popeil and Backus agree that once assigned,
they will use commercially reasonable efforts (but at no cost to Popeil or
Backus) to cooperate with Company to enable Company to obtain, sustain, enforce
and enjoy to the fullest extent all right, title and interest herein conveyed to
the Turkey Fryer in any country. Such cooperation by Popeil and Backus shall
include but is not limited to the production of pertinent facts and documents,
execution of petitions, oaths, specifications, declarations or other papers, and
other assistance, all to the extent (a) reasonably requested by Company and (b)
required for Company to enjoy such rights; but specifically excludes (1) any
travel outside of a 25 mile radius of such person's primary residence, unless
consented to by the person being asked to travel and all of the expenses in
connection with such travel shall be promptly reimbursed by Company and (2) any
promotional appearances or services, endorsements or expenditure of significant
time or effort.

                                       5
<PAGE>

      3. Approvals and Controls. Popeil shall have creative control and an
absolute right of prior approval over the design, script, content and/or final
edited version of any program, commercial, infomercial, press release,
advertising and/or packaging in connection with any New Product acquired by
Company hereunder.

      4. Indemnity / Insurance.

      A. Popeil represents and warrants that, to the best of his reasonable
      knowledge, he has the right to enter into this Agreement and to grant the
      rights he has granted elsewhere in this Agreement, and that there are no
      contractual obligations preventing the fulfillment by him of this
      Agreement. Popeil hereby agrees to defend, indemnify and hold Company
      harmless from and against any and all demands, claims, losses,
      liabilities, judgments and damages (and costs and expenses, including
      reasonable outside attorneys' fees) (collectively, "Claims"), but
      excluding any special, consequential or punitive damages, which may be
      obtained against, imposed upon, or suffered by Company by reason of any
      breach by Popeil of any of his representations and warranties contained in
      this Paragraph 4. A of this Agreement or any covenants or agreements by
      Popeil contained in this Agreement. The foregoing duty of indemnification
      shall survive any termination of this Agreement. Notwithstanding the
      foregoing or anything to the contrary contained in this Agreement, Popeil
      makes no representation or warranty of any kind or nature regarding New
      Products (including the Turkey Fryer), including but not limited to,
      representations and warranties related to merchantability, fitness or any
      particular purpose or functionality, and Popeil shall in no event be
      responsible for any breach or default of this Agreement caused by any
      third party.

      B. Company represents and warrants that it has the right to enter into
      this Agreement and to grant the rights it has granted elsewhere in this
      Agreement, and that there are no contractual obligations preventing the
      fulfillment by it of this Agreement. Company hereby agrees to defend,
      indemnify and hold Popeil, and any person or entity affiliated with Popeil
      that participates or assists in conceiving, creating, designing,
      developing and/or completing any New Product, harmless from and against
      any and all Claims (including third-party Claims) which may be obtained
      against, imposed upon, or suffered by Popeil, or any person or entity
      affiliated with Popeil that participates or assists in conceiving,
      creating, designing, developing and/or completing any New Product, by
      reason of (i) the use or content of any New Product(s) acquired by Company
      pursuant to this Agreement, or any sales, marketing, advertising or
      promotion of or for New Product(s) acquired by Company pursuant to this
      Agreement, or (ii) any breach by Company of any of its representations,
      warranties, covenants or agreements contained in this Agreement. The
      foregoing duty of indemnification shall survive the expiration or earlier

                                       6
<PAGE>

      termination of this Agreement. For so long as any New Products are sold by
      or on behalf of Company (or by any affiliate, subsidiary, or other person
      or entity on its behalf), Company shall include Popeil, Backus and any
      other person or entity affiliated with Popeil that participates or assists
      in completing a New Product, as named insureds under Company's product,
      general liability and errors and omissions insurance policies (with
      combined limits of not less than Ten Million Dollars (US$10,000,000)), all
      of which policies shall be issued by reputable insurers with top A.M. Best
      (or substantially equivalent) ratings, and shall provide Popeil with
      certificates of insurance evidencing this coverage prior to any use of any
      New Products, or any marketing, advertising or promotion of or for any New
      Products.

      5. Confidentiality. Company agrees that, prior to submission to Company of
any Prototype hereunder, Company shall execute a customary
confidentiality/nondisclosure agreement, pursuant to which Company shall agree
to keep all aspects of the prototype confidential and not to reverse engineer or
otherwise attempt to utilize information obtained through the submission process
set forth above, unless and until Popeil and Company reach an agreement
regarding the Acquisition Price of the New Product in question and Company
purchases such New Product.

      6. Termination. Unless the Parties mutually agree to extend the Term of
this Agreement, this Agreement will terminate on the third anniversary of the
Closing Date.

      7. Remedies Upon Event of Default Under the Notes. At such time as there
is a suspension of the right of first refusal as provided in Paragraph 2.E
above, Popeil will have all of the following rights (for purposes of clarity,
the exercise of any one right in this Paragraph 7 will not preclude the exercise
of any of the other rights provided in this Paragraph 7); provided, however,
that with respect to Paragraph 7.B below such remedy will only be available if
the amount borrowed from the Purchase Money Lender (as defined in the Asset
Purchase Agreement) who, as of the closing of the Asset Purchase Agreement, has
the senior secured position on the marks to Popeil's name and likeness, has (as
of the time of the suspension of the right of first refusal hereunder) either
been repaid or refinanced:

      A. Option to Terminate Intellectual Property Licenses and/or Reversion of
      Intellectual Property.

            (i) Popeil will have the option to terminate the license(s) for the
intellectual property to any New Product(s), including the Turkey Fryer,
acquired by Company hereunder (to the extent there are any licenses); provided,
that if Popeil elects to terminate such license(s), Company will immediately
cease any manufacturing or distribution of the applicable New Product and Popeil
will either grant Company a limited license to liquidate any of Company's then
existing inventory of such New Products or Popeil will buy such inventory at
Company's cost therefor. For the avoidance of doubt, Popeil may elect to
terminate the licenses with respect to the patents and any other intellectual
property on any or all New Products acquired by Company hereunder.

            (ii) Popeil will also have the option to have any intellectual
property conveyed, transferred or assigned to Company with respect to any New
Product(s) acquired by Company hereunder (except for Popeil's name and likeness
and associated trademarks, which were conveyed to Company pursuant to the Asset
Purchase Agreement and are subject to the Trademark Co-Existence Agreement by
and between Company and Popeil, dated of even date herewith) immediately

                                       7
<PAGE>

conveyed to Popeil, at no cost to Popeil (except for any legal fees or filing
fees Popeil may incur in documenting and recording the conveyance, transfer or
assignment).

                  (iii) At Popeil's election, Company will agree to cease
producing New Product(s) acquired by Company hereunder and return all materials
related to such product delivered to Company by or on behalf of Popeil.

      B. Non-Exclusive License of Popeil's Name and Likeness. At Popeil's
      election, Company will grant to Popeil a non-exclusive license (at no cost
      to Popeil) to use Popeil's name and likeness in connection with the
      manufacturing, marketing and sale of (i) the specific New Products as to
      which Popeil exercised his rights in paragraph 7.A above and (ii) any
      other products developed by Popeil that were not theretofore or thereafter
      acquired by Company, for whatever reason.

      C. Option to Acquire Materials and Rights Related to the New Products
      Described in Paragraph 7.A above. As to any New Product for which Popeil
      exercised his rights described in Paragraph 7.A above, Popeil will
      separately have the option to:

                  (i) purchase all of the tooling, dyes and other production
materials and equipment owned by Company that are related to such New Product;

                  (ii) (via an appropriate assignment) have assigned to Popeil
all licenses, leases and contracts held by Company for tooling, dyes and other
production materials and equipment held by Company related to such New Product,
and

                  (iii) purchase all rights in and to any advertising materials
related to such New Product, whether or not complete (including, for example,
infomercials), including, but not limited to, any intellectual property embodied
therein and tangible assets related thereto (such as any digital or tape masters
of any infomercials).

            For the avoidance of doubt, Popeil's rights and remedies under this
Paragraph 7 shall subsist and remain in full force and effect with respect to
the Turkey Fryer regardless of whether Company has met the Royalty Cap noted in
Paragraph 2.F. above.

            D. Acquisition Amount.

                  (i) For each New Product as to which Popeil exercises his
option in Paragraph 7.C above, Popeil shall pay Company for all documented
direct expenses incurred by Company for (i) the development and manufacturing of
the tooling, dyes and other production materials and equipment used to
manufacture the product, (ii) filing fees and prosecution fees incurred by
Company with respect to the registration of the intellectual property for the
New Product with governmental authorities, (iii) the development and production
of any advertising Popeil elects to acquire under Paragraph 7.C above for the
New Product and (iv) any one-time up front fees paid to either Popeil or Backus
in connection with the acquisition of the applicable New Product(s),
collectively which amount (the "Acquisition Amount") shall be paid to Company's
and Ronco IP Management Inc.'s, a Delaware corporation ("RIM") and an Affiliate
of Company, secured lender(s) up to the amount (not to exceed the Acquisition
Amount) required by such lender(s) to be prepaid against outstanding amounts due

                                       8
<PAGE>

to such lender(s) as a condition to such lender(s) consent to the remedies
provided hereunder upon an Event of Default under the Notes, with the balance,
if any, payable to Company. Alternatively, and notwithstanding the foregoing,
Popeil may elect to pay Company's secured lender(s) the amount required by such
lender(s) to be prepaid against the outstanding amounts due to such lender(s) in
lieu of electing to acquire the tooling, etc. as described above, in which case
the amount so paid by Popeil will be added to the outstanding principal amount
due under the Notes (but which added amount will bear interest at the maximum
rate allowed under applicable law).

                  (ii) Notwithstanding anything in the foregoing Paragraph
7.D(i) to the contrary, the Acquisition Amount will not include (1) any
royalties/quality control payments paid to either Popeil or Backus in connection
with the acquisition of the product, (2) any fees paid to either Popeil or
Backus pursuant to the terms of their respective consulting agreements, (3) any
payments made to any of the sellers under the Asset Purchase Agreement (the
"Sellers") or Backus either under or in connection with the Asset Purchase
Agreement or the Notes issued pursuant to the Asset Purchase Agreement, (4) any
fees or expenses incurred by Company or any of its Affiliates, or any of its or
its Affiliates officers, directors, employees or agents in connection with
negotiating any of the Asset Purchase Agreement or the transaction documents
related thereto (including but not limited to the New Product Development
Agreement), (5) any fees or expenses incurred by Company or any of its
Affiliates, or any of its or its Affiliates officers, directors, employees or
agents in connection with documenting and/or recording the transfer of the
assets described in this Paragraph 7 upon the exercise of Popeil's options
therein, or (6) any fees, royalties or other payments made by Company or its
Affiliates to any of Popeil, Backus or any of the Sellers not otherwise
described herein.

      8. Successors and Assigns. This Agreement may not be assigned, directly or
indirectly, by Company without the prior written consent of Popeil, or by Popeil
without the prior written consent of Company; provided, however, that Popeil may
assign this Agreement or any part of this Agreement for estate planning purposes
(e.g., to a trust or by will) or by operation of law, and Popeil may assign his
right to receive payments under this Agreement to any person or entity in his
sole and absolute discretion. Notwithstanding the foregoing, Company may assign
all its rights and delegate all its obligations as part of a merger,
reorganization or sale of all or substantially all its assets. Except as set
forth above, this Agreement shall be binding upon and inure to the benefit of
the parties hereto and their respective executors, administrators, heirs,
successors, and permitted assigns, as the case may be.

      9. Arbitration; Attorney's Fees and Costs. Any dispute arising out of or
relating to this Agreement shall be resolved in accordance with the procedures
set forth in Section 11.10 of the Asset Purchase Agreement, which section shall
be incorporated herein by reference. In the event of any arbitration or other
action for the breach of this Agreement or misrepresentation by any party, the
prevailing party in such arbitration or other action shall be entitled, in
addition to all other relief, to reasonable attorneys' and experts' fees
relating to such arbitration or other action, including attorneys' and experts'
fees incurred in any proceeding to compel arbitration. The non-prevailing party
shall be responsible for all costs of the arbitration or litigation, including
but not limited to, the arbitration fees, court reporter fees, etc.

                                       9
<PAGE>

      10. Specific Performance. Each of the Parties hereto acknowledges and
agrees that the other Party hereto would be damaged irreparably in the event any
of the covenants or agreements provided in this Agreement is not performed in
accordance with its specific terms or otherwise is breached. Accordingly, each
of the Parties agrees that the other Party shall be entitled to an injunction or
injunctions, without any requirement for the posting of a bond, to prevent
breaches of such covenant or agreement and to enforce specifically this
Agreement and the terms and provisions hereof in any action instituted in any
court of the United States or any state thereof having jurisdiction over the
Parties and the matter.

      11. Governing Law. This Agreement shall be governed and construed in
accordance with the laws of the State of California applicable to contracts
entered into and fully performed therein.

      12. Notices. All notices, requests, demands and other communication under
this Agreement shall be deemed to have been sufficiently given either when
delivered by hand, first class mail (postage pre-paid, return receipt
requested), private courier service or facsimile addressed to either party.
Notices shall be effective only when addressed as follows (or as otherwise
designated by proper notice under this Agreement):

                  Company:                    Ronco Marketing Corporation
                                              Attention:  Richard Allen
                                              21344 Superior Street
                                              Chatsworth, CA 91311
                                              Phone:  (818) 775-4602
                                              Fax:  (800) 434-5134

                                With a copy to:

                                              Gilbert Azafrani, Esq.
                                              21344 Superior Street
                                              Chatsworth, CA 91311
                                              Phone:  (818) 775-4602
                                              Fax:  (818) 775-1386

                  Popeil:            Ronald M. Popeil
                                              1672 Waynecrest Drive
                                              Beverly Hills, CA 90210
                                              Phone:  (310) 273-4411
                                              Fax:  (310) 273-4483

                                With a copy to:

                                              Adams, Swartz & Landau L.L.P.
                                              18321 Ventura Boulevard, Suite 920
                                              Tarzana, CA 91356
                                              Phone:  (818) 705-4300
                                              Fax:  (818) 705-4259

                                       10
<PAGE>

      13. Severability. The provisions of this Agreement are intended to be
interpreted and construed in a manner so as to make such provisions valid,
binding and enforceable. In the event that any provision of this Agreement is
determined to be partially or wholly invalid, illegal or unenforceable, then
such provision shall be deemed to be modified or restricted to the extent
necessary to make such provision valid, binding and enforceable, or, if such
provision cannot be modified or restricted in a manner so as to make such
provision valid, binding and enforceable, then such provision shall be deemed to
be excised from this Agreement and the validity, binding effect and
enforceability of the remaining provisions of this Agreement shall not be
affected or impaired in any manner.

      14. Independent Contractor. Popeil's relationship to Company is one of an
independent contractor, and nothing contained in this Agreement shall be
construed to create any partnership, joint venture, principal/agent
relationship, employer/employee relationship, or any other fiduciary
relationship between the parties hereto. The parties expressly disclaim the
existence of any third party beneficiaries to this Agreement, except for Backus
and any other person or entity affiliated with Popeil that participates or
assists in conceiving, creating, designing, developing and/or completing any New
Product and who would benefit from the indemnification provisions of Paragraph
4.B above.

      15. Entire Agreement. This Agreement and the Asset Purchase Agreement
(including the recitals, schedules and exhibits hereto and thereto) and the
other agreements and instruments, the execution and delivery of which are
provided for herein and therein (collectively, the "Operative Agreements"),
constitute the entire agreement and understanding of the Parties with respect to
the subject matter hereof, and terminate and supersede any and all prior
agreements, arrangements and understandings, both oral and written, among the
Parties concerning the subject matter hereof. Without limiting the foregoing, it
is hereby acknowledged and agreed that neither Popeil nor Company is making any
representations or warranties of any kind whatsoever except for those
representations and warranties expressly set forth in this Agreement and/or the
Operative Agreements.

      16. Waiver and Amendment. No waiver, amendment, modification or change of
any provision of this Agreement shall be effective unless and until made in
writing and signed by Popeil and duly authorized officer of Company. No waiver,
forbearance or failure by any Party of its right to enforce any provision of
this Agreement shall constitute a waiver or estoppel of such Party's right to
enforce any other provision of this Agreement or a continuing waiver by such
Party of compliance with any provision.

      17. Headings. The headings herein are for convenience only, do not
constitute a part of this Agreement, and shall not be deemed to limit or affect
any of the provisions hereof

      18. Counterparts. This Agreement may be executed in two or more
counterparts, each of which shall be deemed to be original, but all of which
together shall constitute one and the same instrument.

                                       11
<PAGE>

                            [Signature Page Follows]

                                       12
<PAGE>

         IN WITNESS WHEREOF, the parties hereto have executed this Agreement as
of the date first written above.

                                       RONCO MARKETING CORPORATION

                                       By: /s/ Karl Douglas
                                           ---------------------------------
                                       Name: Karl Douglas
                                            --------------------------------
                                       Its: president
                                            --------------------------------

                                       /s/ Ronald M. Popeil
                                       --------------------------------
                                       RONALD M. POPEIL

                                       /s/ Alan L. Backus
                                       --------------------------------
                                       ALAN L. BACKUS

                                       13

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