Document:

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                                                                    EXHIBIT 10.9

                              EMPLOYMENT AGREEMENT

         AGREEMENT made as of the 1st day of December 2003 by and between SAVE
THE WORLD AIR, INC. ("STWA"), a Nevada chartered corporation, and Bruce H.
McKinnon (the "Executive").

BACKGROUND

         A.       STWA desires to employ the Executive and the Executive is
willing to serve on the terms and conditions herein provided.

         B.       In order to effect the foregoing, the parties hereto desire to
enter into an employment agreement on the terms and conditions set forth below.

         NOW, THEREFORE, in consideration of the premises and the respective
covenants and agreements of the parties contained herein, and intending to be
legally bound hereby, the parties hereto agree as follows:

         1.       DEFINITIONS AND SPECIAL PROVISIONS. Each capitalized word and
term used herein shall have the meaning ascribed to it in the glossary appended
hereto, unless the context in which such word or term is used otherwise clearly
requires. Such glossary is incorporated herein by reference and made a part
hereof.

         2.       EMPLOYMENT. STWA hereby agrees to employ the Executive, and
the Executive hereby agrees to serve STWA, on the terms and conditions set forth
herein.

         3.       TERM OF AGREEMENT. The Executive's employment under this
Agreement shall commence on the date hereof and, except as otherwise provided
herein, shall continue until December 31, 2007; provided, however, that
commencing on December 31, 2007 and each anniversary thereafter, the term of
this Agreement shall automatically be extended for one additional year beyond
the term otherwise established unless, prior to such date, STWA or the Executive
shall have given a Notice of Non-Extension.

         4.       POSITION AND DUTIES. The Executive shall serve as Executive
Vice President/Business Development of STWA and he shall have such
responsibilities, duties and authority as may, from time to time, be generally
associated with such position and or as specifically detailed in the company's
official "Position Description." He shall also serve as a member of STWA's Board
of Directors and upon any committees thereof as requested by the Board. In
addition, the Executive shall serve in such capacity, with respect to each
Subsidiary or affiliated company, as the Board of Directors of each such
Subsidiary or affiliated company shall designate from time to time. During the
term of this Agreement, he shall devote substantially all of his working time
and efforts to the business and affairs of STWA, the Subsidiaries and affiliated
companies; provided, however, that nothing herein shall be construed as
precluding him from devoting a reasonable amount of time to civic, charitable,
trade association and similar activities that do not represent conflicts and are
not otherwise in any way detrimental to STWA.

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         5.       COMPENSATION AND RELATED MATTERS.

         BASE COMPENSATION. During the period of the Executive's employment
         hereunder, STWA shall pay to him annual base compensation as follows:

         For the period from December 1, 2003 to December 31, 2004 at an annual
         rate not less than $153,600.00;

         The Board(s) of Directors of STWA shall periodically review the
         Executive's employment performance, in accordance with policies
         generally in effect from time to time, for possible merit or
         cost-of-living increases in such base compensation. Except for a
         reduction, should such reduction occur, which is proportionate to a
         company-wide reduction in executive pay, the annual base compensation
         paid to the Executive in any period shall not be less than the annual
         base compensation paid to him in any prior period. The frequency and
         manner of payment of such base compensation shall be in accordance with
         STWA's executive payroll practices from time to time in effect. Nothing
         herein shall be construed as precluding the Executive from entering
         into any salary reduction or deferral plan or arrangement during the
         term of this Agreement; provided, however, that his base compensation
         shall be determined without regard to any such salary reduction or
         deferral for purposes of calculating the amount of any compensation and
         benefits to which he or his surviving spouse may be entitled under
         Paragraph 6, 7, 10, or 11 following his termination of employment. The
         amounts set forth in the first sentence of this subparagraph (a) shall
         be pro rated to the extent such period is less than a year.

                  (a)      INCENTIVE COMPENSATION. During the period of the
         Executive's employment hereunder, he shall be entitled to participate
         in all incentive plans, stock option plans, and similar arrangements as
         may be in effect and maintained by STWA for executive officers on a
         basis and at award levels consistent and commensurate with his position
         and duties hereunder.

                  (b)      EMPLOYEE BENEFIT PLANS AND OTHER PLANS OR
         ARRANGEMENTS. The Executive shall be entitled to participate in all
         Employee Benefit Plans of STWA that either, are in effect at present or
         that may be adopted in the future. In addition, he shall be entitled to
         participate in and enjoy any other plans and arrangements which provide
         for sick leave, vacation, sabbatical, or personal days, club
         memberships and dues, education payment or reimbursement,
         business-related seminars, and similar fringe benefits provided to or
         for the executive officers of STWA from time to time. Notwithstanding
         the foregoing, Executive shall be entitled to at least four (4) weeks
         vacation per calendar year during each year of employment. Such
         vacation shall be prorated during the year 2003 based on the date of
         this Agreement.

                  (c)      EXPENSES. During the period of the Executive's
         employment hereunder, he shall be entitled to receive prompt
         reimbursement for all reasonable and customary expenses, including
         transportation expenses, incurred by him in

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         performing services hereunder in accordance with the general policies
         and procedures established by STWA.

                  (d)      AUTOMOBILE. STWA shall provide for an unaccountable
         monthly automobile allowance of not less than $900.00. The company may,
         at its discretion, provide an automobile, mutually acceptable, to the
         Executive for his exclusive use.

         6.       TERMINATION BY REASON OF DISABILITY.

                  (a)      IN GENERAL. In the event the Executive becomes unable
         to perform his duties on a full-time basis by reason of the occurrence
         of his Disability and, within 30 days after a Notice of Termination is
         given, he shall not have returned to the full-time performance of such
         duties, his employment may be terminated by STWA.

                  (b)      COMPENSATION AND BENEFITS. In the event of the
         termination of the Executive's employment under Subparagraph (a), the
         term of this Agreement shall continue for one year after the Date of
         Termination, and STWA shall pay or provide the compensation and
         benefits set forth below:

                           (1)      The Executive shall be paid an amount per
                           annum equal to the greater of (i) his highest base
                           compensation (including the car allowance provided
                           for in Section 5(e)) received during one of the two
                           calendar years immediately preceding the calendar
                           year in which the Date of Termination occurs, or (ii)
                           his base compensation (including the car allowance
                           provided for in Section 5(e)) in effect immediately
                           prior to the Date of Termination (or prior to any
                           reduction which entitled him to terminate his
                           employment for Good Reason), over a period of one
                           year beginning with such Date of Termination. The
                           frequency and manner of payment of such amounts shall
                           be in accordance with STWA's executive payroll
                           practices from time to time in effect.

                           (2)      The Executive shall be paid an amount equal
                           to the higher of the aggregate bonus (es) paid to him
                           with respect to one of the two years immediately
                           preceding the year in which the Date of Termination
                           occurs. Such amount shall be paid to him in cash on
                           the first anniversary date of the Date of
                           Termination.

                           (3)      The Executive shall be paid an amount equal
                           to the highest annual contribution made on his behalf
                           (other than his own salary reduction contributions)
                           to each tax-qualified and non-qualified Defined
                           Contribution Plan of STWA with respect to the year in
                           which the Date of Termination occurs or one of the
                           two years immediately preceding such year. The amount
                           separately determined for each such plan shall be
                           aggregated and shall be paid to him in cash on the
                           first anniversary date of the Date of Termination.

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                           (4)      The Executive shall accrue benefits equal to
                           the excess of (i) the aggregate retirement benefits
                           he would have received under the terms of each
                           tax-qualified and non-qualified Defined Benefit Plan
                           of STWA as in effect immediately prior to the Date of
                           Termination had he (A) continued to be employed for
                           one more year, and (B) received (on a pro rated
                           basis, as appropriate) the greater of (I) the highest
                           compensation taken into account under each such plan
                           with respect to one of the two years immediately
                           preceding the year in which the Date of Termination
                           occurs, or (II) his annualized base compensation in
                           effect immediately prior to the Date of Termination
                           (or prior to any reduction which entitled him to
                           terminate his employment for Good Reason), over (ii)
                           the retirement benefits he actually receives under
                           such plans. The frequency, manner and extent of
                           payment of such benefits shall be consistent with the
                           terms of the plans to which they relate and any
                           elections made thereunder.

                           (5)      The Executive and his eligible dependents
                           shall be entitled to continue to participate at the
                           same aggregate benefit levels, for one year and at no
                           out-of-pocket or tax cost to him, in the Welfare
                           Benefit Plans in which he was a participant
                           immediately prior to the Date of Termination, to the
                           extent permitted under the terms of such plans and
                           applicable law. To the extent STWA is unable to
                           provide for continued participation in a Welfare
                           Benefit Plan, it shall provide an equivalent benefit
                           directly at no out-of-pocket or tax cost to him. For
                           purposes of the preceding two sentences, STWA shall
                           be deemed to have provided a benefit at no tax cost
                           to him if it pays an additional amount to him or on
                           his behalf, with respect to those benefits which
                           would otherwise be nontaxable to him, calculated in a
                           manner consistent with the provisions of Paragraph
                           12.

                  (c)      ADJUSTMENT TO CERTAIN SUBPARAGRAPH (b) COMPENSATION
         AND BENEFITS. Notwithstanding the provisions of Subparagraph (b)(5),
         STWA's obligation to pay or fund any disability insurance premiums on
         behalf of the Executive shall be suspended while his Disability
         continues, provided the cessation of payment or funding does not result
         in the termination of disability benefits. Any amounts otherwise due
         under Subparagraph (b) shall be reduced (but not below zero) by the
         dollar amount of disability benefits received by him pursuant to plans
         or policies funded, directly at its cost, by STWA.

                  (d)      EARLIER CESSATION OF CERTAIN WELFARE BENEFITS.
         Notwithstanding the provisions of Subparagraph (b)(5), STWA shall not
         be required to provide, at its cost, the welfare benefits covered
         therein after the later of (i) the attainment by the Executive and his
         spouse (if any) of age 65, or (ii) the date specified in the relevant
         plan document for benefit termination (assuming that he was employed
         until age 65 or the normal retirement date, if any, specified in such
         document).

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                  (e)      DEATH DURING REMAINING TERM OF AGREEMENT.

                           (1)      In the event the Executive dies during the
                           remaining term of this Agreement following his
                           termination for Disability and he is survived by a
                           spouse, the compensation and benefits remaining to be
                           paid and provided under Subparagraph (b) shall be
                           unaffected by his death and shall be paid and
                           provided to her or on her behalf; provided, however,
                           that the extent of her rights to the accrued benefits
                           described in Subparagraph (b)(4) shall be determined
                           by reference to the relevant plan provisions and any
                           elections made under such plans; and provided
                           further, that STWA shall not be required to provide
                           continued benefits with respect to her deceased
                           husband; and provided further, that in no event shall
                           STWA be required to provide, at its cost, the other
                           welfare benefits described in Subparagraph (b)(5) to
                           such spouse and her eligible dependents after the
                           earlier of (i) her death, or (ii) the later of (A)
                           her attainment of age 65, or (B) the date specified
                           in the relevant plan document for benefit termination
                           (assuming that the Executive was employed until age
                           65 or the normal retirement date, if any, specified
                           in such document).

                           (2)      In the event the Executive dies during the
                           remaining term of this Agreement following his
                           termination for Disability and he is not survived by
                           a spouse, (i) STWA shall thereafter make the
                           remaining payments described in Subparagraphs (b)(1)
                           through (b)(3) directly to his estate, (ii) the
                           extent of the rights of any person to the accrued
                           benefits described in Subparagraph (b)(4) shall be
                           determined by reference to the relevant plan
                           provisions and any elections made under such plans,
                           and (iii) STWA's obligation to provide continued
                           benefits under Subparagraph (b)(5) shall terminate.

                  (f)      COMPENSATION AND BENEFITS UPON EXPIRATION OF
         REMAINING TERM OF AGREEMENT. Upon the expiration of the remaining term
         of this Agreement following the Executive's termination for Disability,
         and provided his Disability then continues, he shall be entitled to
         receive the compensation and benefits provided under the terms of any
         long-term disability plan of STWA in effect on the Date of Termination
         or, if greater, at the expiration of such remaining term. If such plan
         exists, such compensation and benefits shall continue until the earlier
         of (i) his death, or (ii) the later of (A) his attainment of age 65, or
         (B) the date specified in the plan document for benefit termination. To
         the extent STWA is unable to provide such compensation and benefits
         under its long-term disability plan, if any, it shall provide
         equivalent compensation and benefits directly at no out-of-pocket or
         tax cost to him. For purposes of the preceding sentence, STWA shall be
         deemed to have provided compensation and benefits at no tax cost to him
         if it pays an additional amount to him or on his behalf, with respect
         to the compensation and benefits which would otherwise be

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         nontaxable to him, calculated in a manner consistent with the
         provisions of Paragraph 12.

         7.       TERMINATION BY REASON OF DEATH.

                  (a)      COMPENSATION AND BENEFITS TO SURVIVING SPOUSE. In the
         event the Executive dies while he is employed under this Agreement and
         is survived by a spouse, STWA shall pay or provide the compensation and
         benefits set forth below:

                           (1)      The surviving spouse shall be paid an amount
                           equal to the greater of (i) the Executive's highest
                           base compensation received during one of the two
                           calendar years immediately preceding the calendar
                           year in which the Date of Termination occurs, or (ii)
                           his base compensation in effect immediately prior to
                           the Date of Termination (or prior to any reduction
                           which entitled him to terminate his employment for
                           Good Reason) for a period of one year, beginning with
                           such Date of Termination. The frequency and manner of
                           payment of such amounts shall be in accordance with
                           STWA's executive payroll practices from time to time
                           in effect.

                           (2)      The surviving spouse shall be paid an amount
                           equal to the highest payment made to Executive under
                           each incentive bonus plan of STWA with respect to one
                           of the two years immediately preceding the year in
                           which the Date of Termination occurs. Such amount
                           shall be paid in cash to her within 30 days after the
                           Date of Termination.

                           (3)      The surviving spouse shall be paid an amount
                           equal to the sum of the highest annual contribution
                           made on the Executive's behalf (other than his own
                           salary reduction contributions) to each tax-qualified
                           and non-qualified Defined Contribution Plan of STWA
                           with respect to the year in which the Date of
                           Termination occurs or one of the two years
                           immediately preceding such year. Such amount shall be
                           paid in cash to her within 30 days after the Date of
                           Termination or within 30 days after such amount can
                           first be determined, whichever is later.

                           (4)      Subject to the following sentence, the
                           surviving spouse shall be paid benefits determined by
                           reference to the excess of (i) the aggregate
                           retirement benefits the Executive would have accrued
                           under the terms of each tax-qualified and
                           non-qualified Defined Benefit Plan as in effect
                           immediately prior to the Date of Termination, had he
                           (A) continued to be employed for a period of one year
                           following the Date of Termination, and (B) received
                           (on a pro rated basis, as appropriate) the greater of
                           (I) the highest compensation taken into account under
                           each such plan with respect to one of the two years
                           immediately preceding the year in which

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                           the Date of Termination occurs, or (II) his
                           annualized base compensation in effect immediately
                           prior to the Date of Termination (or prior to any
                           reduction which entitled him to terminate his
                           employment for Good Reason), over (ii) the retirement
                           benefits actually determined under such plans. The
                           frequency, manner, and extent of payment of such
                           benefits shall be consistent with the terms of the
                           plans to which they relate and any elections made
                           thereunder.

                           (5)      The surviving spouse and her eligible
                           dependents shall be entitled to continue to
                           participate at the same aggregate benefit levels, for
                           a period of one year following the Date of
                           Termination and at no out-of-pocket or tax cost to
                           her, in the Welfare Benefit Plans in which the
                           Executive was a participant immediately prior to the
                           Date of Termination, to the extent permitted under
                           the terms of such plans and applicable law; provided,
                           however, that STWA shall not be required to provide
                           continued benefits with respect to her deceased
                           husband; and provided further, that STWA shall not
                           thereafter be required to provide, at its cost, the
                           other welfare benefits covered by such plans to such
                           spouse and her eligible dependents after the earlier
                           of (i) her death, or (ii) the later of (A) her
                           attainment of age 65, or (B) the date specified in
                           the relevant plan document for benefit termination
                           (assuming the Executive was employed until age 65 or
                           the normal retirement date, if any, specified in such
                           document). To the extent STWA is unable to provide
                           for continued participation in a Welfare Benefit Plan
                           as required, it shall provide an equivalent benefit
                           directly at no out-of-pocket or tax cost to her. For
                           purposes of the preceding two sentences, STWA shall
                           be deemed to have provided a benefit at no tax cost
                           to her if it pays an additional amount to her or on
                           her behalf, with respect to those benefits which
                           would otherwise be nontaxable to her, calculated in a
                           manner consistent with the provisions of Paragraph
                           12.

                  (b)      COMPENSATION AND BENEFITS TO ESTATE, ETC. In the
         event the Executive dies while he is employed under this Agreement and
         is not survived by a spouse, (i) STWA shall make the payments described
         in Subparagraphs (a)(1) through (a)(3) directly to his estate, (ii) the
         extent of the rights of any person to the accrued benefits described in
         Subparagraph (a)(4) shall be determined by reference to the relevant
         plan provisions and any elections made under such plans, and (iii)
         STWA's obligation to provide benefits under Subparagraph (a)(5) shall
         terminate.

         8.       TERMINATION BY STWA FOR CAUSE.

                  (a)      IN GENERAL. In the event STWA intends to terminate
         the Executive's employment for Cause, it shall deliver a Notice of
         Termination to him which specifies a Date of Termination not less than
         30 days following the

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         date of such notice, unless a shorter period of notice is required by
         the principal regulator of STWA or any affiliate of STWA.

                  (b)      COMPENSATION. Within 30 days after the Executive's
         termination under Subparagraph (a), STWA shall pay him, in one lump
         sum, his accrued but unpaid base compensation and vacation compensation
         earned through the Date of Termination.

         9.       TERMINATION BY THE EXECUTIVE WITHOUT GOOD REASON.

                  (a)      IN GENERAL. In the event the Executive intends to
         terminate his employment without Good Reason, he shall deliver a Notice
         of Termination to STWA which specifies a Date of Termination not less
         than (i) 90 days following the date of such notice, if a Change in
         Control shall not have occurred, or (ii) 30 days following the date of
         such notice, if a Change in Control shall have occurred.

                  (b)      COMPENSATION. Within 30 days after the Executive's
         termination under Subparagraph (a), STWA shall pay him, in one lump
         sum, his accrued but unpaid base compensation and vacation compensation
         earned through the Date of Termination.

         10.      TERMINATION BY STWA WITHOUT DISABILITY OR CAUSE.

                  (a)      IN GENERAL. In the event STWA intends to terminate
         the Executive's employment for any reason other than Disability or
         Cause, it shall deliver a Notice of Termination to him which specifies
         a Date of Termination not less than 90 days following the date of such
         notice.

                  (b)      COMPENSATION AND BENEFITS DURING REMAINING TERM OF
         AGREEMENT. In the event of the termination of the Executive's
         employment under Subparagraph (a), STWA shall pay or provide the
         compensation and benefits described in Paragraph 6(b), except that all
         such compensation and benefits shall be for the remaining term of this
         Agreement determined in accordance with Section 3 hereof, unless a
         change in control has occurred prior to such termination of employment,
         in which case all such compensation and benefits shall be for a term of
         three (3) years from the Date of Termination and the term of this
         Agreement shall continue until all such compensation and benefits are
         paid to Executive in full.

                  (c)      ADJUSTMENT TO CERTAIN SUBPARAGRAPH (b) COMPENSATION
         AND BENEFITS. In the event the Executive suffers a Disability during
         the remaining term of this Agreement following the Date of Termination,
         STWA's obligation to pay or fund any disability insurance premiums on
         his behalf shall be suspended while his Disability continues, provided
         the cessation of payment or funding does not result in the termination
         of disability benefits. Any amounts described in Paragraph 6(b) and
         otherwise payable under Subparagraph (b) shall be reduced (but not
         below zero) by the dollar amount of disability benefits received by him
         pursuant to plans or policies funded, directly at its cost, by STWA.

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                  (d)      EARLIER CESSATION OF CERTAIN WELFARE BENEFITS.
         Notwithstanding the provisions of Subparagraph (b), STWA shall not be
         required to provide, at its cost, the welfare benefits covered by
         Paragraph 6(b)(5) after the later of (i) the attainment by the
         Executive and his spouse (if any) of age 65, or (ii) the date specified
         in the relevant plan document for benefit termination (assuming that he
         was employed until age 65 or the normal retirement date, if any,
         specified in such document).

                  (e)      DEATH DURING REMAINING TERM OF AGREEMENT.

                           (1)      In the event the Executive dies during the
                           remaining term of this Agreement following his
                           termination without Disability or Cause by STWA and
                           he is survived by a spouse, the compensation and
                           benefits required to be paid and provided under
                           Subparagraph (b) shall be unaffected by his death and
                           shall be paid and provided to her or on her behalf;
                           provided, however, that the extent of her rights to
                           the accrued benefits described in Paragraph 6(b)(4)
                           shall be determined by reference to the relevant plan
                           provisions and any elections made under such plans;
                           and provided further, that STWA shall not be required
                           to provide continued benefits with respect to her
                           deceased husband; and provided further, that in no
                           event shall STWA be required to provide, at its cost,
                           the other welfare benefits described in Paragraph
                           6(b)(5) to such spouse and her eligible dependents
                           after the earlier of (i) her death, or (ii) the later
                           of (A) her attainment of age 65, or (B) the date
                           specified in the relevant plan document for benefit
                           termination (assuming that the Executive was employed
                           until age 65 or the normal retirement date, if any,
                           specified in such document).

                           (2)      In the event the Executive dies during the
                           remaining term of this Agreement following his
                           termination without Disability or Cause and he is not
                           survived by a spouse, (i) STWA shall thereafter make
                           the remaining payments described in Paragraphs
                           6(b)(1) through 6(b)(3) directly to his estate, (ii)
                           the extent of the rights of any person to the accrued
                           benefits described in Paragraph 6(b)(4) shall be
                           determined by reference to the relevant plan
                           provisions and any elections made under such plans,
                           and (iii) STWA's obligation to provide the continued
                           benefits described in Paragraph 6(b)(5) shall
                           terminate.

         11.      TERMINATION BY THE EXECUTIVE FOR GOOD REASON.

                  (a)      IN GENERAL. In the event the Executive intends to
         terminate his employment for Good Reason, he shall deliver a Notice of
         Termination to STWA which specifies a Date of Termination not less than
         30 days following the date of such notice.

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                  (b)      COMPENSATION AND BENEFITS DURING REMAINING TERM OF
         AGREEMENT. In the event of the termination of the Executive's
         employment under Subparagraph (a), STWA shall pay or provide the
         compensation and benefits described in Paragraph 6(b), except that all
         such compensation and benefits shall be for a term of three (3) years
         from the Date of Termination and the term of this Agreement shall
         continue until all such compensation and benefits are paid to Executive
         in full.

                  (c)      ADJUSTMENT TO CERTAIN SUBPARAGRAPH (b) COMPENSATION
         AND BENEFITS. In the event the Executive suffers a Disability during
         the remaining term of this Agreement following the Date of Termination,
         STWA's obligation to pay or fund any disability insurance premiums on
         his behalf shall be suspended while his Disability continues, provided
         the cessation of payment or funding does not result in the termination
         of disability benefits. Any amounts described in Paragraph 6(b) and
         otherwise payable under Subparagraph (b) shall be reduced (but not
         below zero) by the dollar amount of disability benefits received by him
         pursuant to plans or policies funded, directly at its cost, by STWA.

                  (d)      EARLIER CESSATION OF CERTAIN WELFARE BENEFITS.
         Notwithstanding the provisions of Subparagraph (b), STWA shall not be
         required to provide, at its cost, the welfare benefits covered by
         Paragraph 6(b)(5) after the later of (i) the attainment by the
         Executive and his spouse (if any) of age 65, or (ii) the date specified
         in the relevant plan document for benefit termination (assuming that he
         was employed until age 65 or the normal retirement date, if any,
         specified in such document).

                  (e)      DEATH DURING REMAINING TERM OF AGREEMENT.

                           (1)      In the event the Executive dies during the
                           remaining term of this Agreement following his
                           termination for Good Reason and he is survived by a
                           spouse, the compensation and benefits required to be
                           paid and provided under Subparagraph (b) shall be
                           unaffected by his death and shall be paid and
                           provided to her or on her behalf; provided, however,
                           that the extent of her rights to the accrued benefits
                           described in Paragraph 6(b)(4) shall be determined by
                           reference to the relevant plan provisions and any
                           elections made under such plans; and provided
                           further, that STWA shall not be required to provide
                           continued benefits with respect to her deceased
                           husband; and provided further, that in no event shall
                           STWA be required to provide, at its cost, the other
                           welfare benefits described in Paragraph 6(b)(5) to
                           such spouse and her eligible dependents after the
                           earlier of (i) her death, or (ii) the later of (A)
                           her attainment of age 65, or (B) the date specified
                           in the relevant plan document for benefit termination
                           (assuming that the Executive was employed until age
                           65 or the normal retirement date, if any, specified
                           in such document).

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                           (2)      In the event the Executive dies during the
                           remaining term of this Agreement following his
                           termination for Good Reason and he is not survived by
                           a spouse, (i) STWA shall thereafter make the
                           remaining payments described in Paragraphs 6(b)(1)
                           through 6(b)(3) directly to his estate, (ii) the
                           extent of the rights of any person to the accrued
                           benefits described in Paragraph 6(b)(4) shall be
                           determined by reference to the relevant plan
                           provisions and any elections made under such plans,
                           and (iii) STWA's obligation to provide the continued
                           benefits described in Paragraph 6(b)(5) shall
                           terminate.

         12.      PROVISIONS RELATING TO EXCISE TAXES.

                  (a)      IN GENERAL. In the event the Executive becomes
         liable, for any taxable year, for the payment of an Excise Tax (because
         of a change in control) with respect to the compensation and benefits
         payable by STWA under this Agreement or otherwise, STWA shall make one
         or more Gross-Up Payments to the Executive or on his behalf. The amount
         of any Gross-Up Payment shall be calculated by a certified public
         accountant or other tax professional designated jointly by the
         Executive and STWA. The provisions of this paragraph shall apply with
         respect to the Executive's surviving spouse or estate, where relevant.

                  (b)      METHODOLOGY FOR CALCULATION OF GROSS-UP PAYMENT. For
         purposes of determining the amount of any Gross-Up Payment, the
         Executive shall be deemed to pay income taxes at the highest federal,
         state, and local marginal rates of tax for the calendar year in which
         the Gross-Up Payment is to be made, net of the maximum reduction in
         federal income tax which could be obtained from the deduction of state
         and local income taxes. In the event that the Excise Tax is
         subsequently determined to be less than the amount taken into account
         at the time the Gross-Up Payment was made, the Executive shall repay to
         STWA, at the time that the amount of such reduction in Excise Tax is
         finally determined, the portion of the Gross-Up Payment attributable to
         the reduction (plus a portion of the Gross-Up Payment attributable to
         the Excise Tax and the federal, state, and local income taxes imposed
         on the portion of the Gross-Up Payment being repaid by the Executive to
         the extent such repayment results in a reduction in Excise Tax or
         federal, state, or local income tax), plus interest on the amount of
         such repayment. Such interest shall be calculated by using the rate in
         effect under Section 1274(d)(1) of the IRC, on the date the Gross-Up
         Payment was made, for debt instruments with a term equal to the period
         of time which has elapsed from the date the Gross-Up Payment was made
         to the date of repayment. In the event that the Excise Tax is
         subsequently determined to exceed the amount taken into account at the
         time the Gross-Up Payment was made (including by reason of any payment
         the existence or amount of which could not be determined at the time of
         the Gross-Up Payment), STWA shall make an additional Gross-Up Payment
         with respect to the excess at the time the amount thereof is finally
         determined, plus interest calculated in a manner similar to that
         described in the preceding sentence.

                                                                              11

<PAGE>

                  (c)      TIME OF PAYMENT. Any Gross-Up Payment provided for
         herein shall be paid not later than the 30th day following the payment
         of any compensation or the provision of any benefit which causes such
         payment to be made; provided, however, that if the amount of such
         payment cannot be finally determined on or before such day, STWA shall
         pay on such day an estimate of the minimum amount of such payment and
         shall pay the remainder of such payment (together with interest
         calculated in a manner similar to that described in Subparagraph (b))
         as soon as the amount thereof can be determined. In the event that the
         amount of an estimated payment exceeds the amount subsequently
         determined to have been due, such excess shall constitute a loan by
         STWA to the Executive, payable on the 30th day after demand by STWA
         (together with interest calculated in a manner similar to that
         described in Subparagraph (b)).

                  (d)      OTHER ARRANGEMENTS. Notwithstanding the provisions of
         this paragraph to the contrary, the actual amounts payable hereunder as
         Gross-Up Payments shall be coordinated with any similar amounts paid to
         the Executive under any other contract, plan, or arrangement.

         13.      FEES AND EXPENSES OF THE EXECUTIVE.

         After a Change in Control and except as provided in the following
         sentence, STWA shall pay, within 30 days following demand by the
         Executive, all legal, accounting, actuarial, and related fees and
         expenses incurred by him in connection with the enforcement of this
         Agreement. An arbitration panel or a court of competent jurisdiction
         shall be empowered to deny payment to the Executive of such fees and
         expenses only if it determines that he instituted a proceeding
         hereunder, or otherwise acted, in bad faith.

         14.      REDUCTION FOR COMPENSATION AND BENEFITS RECEIVED UNDER STWA
         SEVERANCE POLICY, ETC. Notwithstanding anything herein to the contrary,
         in the event the Executive, his surviving spouse, or any other person
         becomes entitled to continued compensation and benefits hereunder by
         reason of the Executive's termination of employment and, in addition,
         compensation or similar benefits are payable under a severance policy,
         program or arrangement maintained by STWA (other than retirement
         plans), then the compensation or benefits otherwise payable hereunder
         shall be reduced by the compensation or benefits provided under such
         severance policy, program or arrangement.

         15.      MITIGATION. The Executive shall not be required to mitigate
         the amount of any compensation or benefits which may become payable
         hereunder by reason of his termination by seeking other employment or
         otherwise, nor, except as otherwise provided in the following sentence
         or elsewhere herein, shall the amount of any such compensation or
         benefits be reduced by any compensation or benefits received by the
         Executive as the result of his employment by another employer.
         Notwithstanding anything in this Agreement to the contrary, STWA's
         obligation to provide any medical and dental benefits hereunder may be
         suspended, with the written concurrence of the Executive or, if
         applicable, his

                                                                              12

<PAGE>

         surviving spouse during any period of time that such benefits are being
         provided by reason of his or her employment.

         16.      FUNDING OF COMPENSATION AND BENEFITS; ACCELERATION OF CERTAIN
         PAYMENTS.

                  (a)      GRANTOR TRUST. In the event (i) the Executive's
         employment is terminated without Cause or he terminates his employment
         for Good Reason, and (ii) and a Change in Control has occurred as of
         the Date of Termination or occurs thereafter, the Executive shall have
         the right to require STWA to establish a grantor trust (taxable to
         STWA) and fund such trust, on an actuarially sound basis, to provide
         the compensation and benefits to which he is entitled hereunder, other
         than those which may be paid pursuant to the provisions of Subparagraph
         (c). The specific terms of such trust shall be as agreed to by the
         parties in good faith; provided, however, that the trustee shall be a
         financial institution independent of STWA; and provided further, that
         in no event shall STWA be entitled to withdraw funds from the trust for
         its benefit, or otherwise voluntarily assign or alienate such funds,
         until such time as all compensation and benefits required hereunder are
         paid and provided. The determination of the extent of required funding,
         including any supplemental funding in the event of adverse investment
         performance of trust assets, shall be made by an actuary or a certified
         public accountant retained by each party. To the extent such
         professionals cannot agree on the proper level of funding, they shall
         select a third such professional whose determination shall be binding
         upon the parties. Notwithstanding the foregoing, STWA shall remain
         liable for all compensation and benefits required to be paid or
         provided hereunder.

                  (b)      ALTERNATE SECURITY. In lieu of the right given to the
         Executive under Subparagraph (a), he shall have the right under such
         circumstances to require that STWA provide (i) an irrevocable standby
         letter of credit issued by a financial institution other than STWA or
         any Subsidiary of STWA with a senior debt credit rating of "A" or
         better by Moody's Investors Service or Standard & Poor's Corporation,
         or (ii) other security reasonably acceptable to him, to secure the
         payment of such compensation and benefits.

                  (c)      ACCELERATED PAYMENT OF PRESENT VALUE OF CERTAIN
         COMPENSATION. In the event (i) the Executive's employment is terminated
         without Cause or he terminates his employment for Good Reason, and (ii)
         a Change in Control has occurred as of the Date of Termination or
         occurs thereafter, the Executive shall have the continuing right to
         demand that the present value of the remaining payments described in
         Paragraphs 6(b)(1) through (3), and payable by reason of the provisions
         of Paragraph 10 or 11 (as the case may be), be paid to him in one lump
         sum within 30 days after the date written demand is given. For purposes
         of calculating the present value of such payments, a discount factor
         shall be applied to each such payment which is equal to the relevant
         applicable federal rate in effect on the date written demand is given
         by him, determined by reference to the period of time between the date
         of such notice and the scheduled time such payment would otherwise be
         made. In the

                                                                              13

<PAGE>

         event any payment described in Paragraphs 6(b)(1) through (3) is not
         yet determinable on the date written demand is made, the other payments
         shall nonetheless be made as provided above; and the undetermined
         payment shall be made within 30 days after it becomes determinable,
         calculated as provided in the preceding sentence but by treating the
         date on which the payment becomes determinable as the date of written
         notice. Nothing in this subparagraph shall be construed as affecting
         the Executive's right to one or more Gross-Up Payments in accordance
         with the provisions of Paragraph 12; and a Gross-Up Payment (if
         applicable) will be calculated and made with any payment made under
         this subparagraph, as well as any other Gross-Up Payments that may be
         required hereunder at a subsequent date.

         17.      WITHHOLDING TAXES. All compensation and benefits provided for
         herein shall, to the extent required by law, be subject to federal,
         state, and local tax withholding.

         18.      CONFIDENTIAL INFORMATION. The Executive agrees that subsequent
         to his employment with STWA, he will not, at any time, communicate or
         disclose to any unauthorized person, without the written consent of the
         STWA, any proprietary or other confidential information concerning STWA
         or any Subsidiary of STWA; provided, however, that the obligations
         under this paragraph shall not apply to the extent that such matters
         (i) are disclosed in circumstances where the Executive is legally
         obligated to do so, or (ii) become generally known to and available for
         use by the public otherwise than by his wrongful act or omission; and
         provided further, that he may disclose any knowledge of insurance,
         financial, legal and economic principles, concepts and ideas which are
         not solely and exclusively derived from the business plans and
         activities of STWA.

         19.      COVENANTS NOT TO COMPETE OR TO SOLICIT.

                  (a)      NONCOMPETITION. During the period in which he is
         employed by STWA and, if the Executive's employment terminates under
         Paragraphs 6, for a period of 12 months after the Date of Termination
         (the "Noncompetition Period"), the Executive shall not, without the
         written consent in writing of the Board of Directors of STWA, become an
         executive officer, partner, consultant, director, or a four and
         nine-tenths percent or greater shareholder or equity owner of any
         entity engaged in the banking, lending, asset management, mutual fund,
         financial planning or investment security business within the
         California counties of Camden, Burlington, or any other California
         county in which STWA has a branch or loan production office. If at the
         time of the enforcement of this paragraph a court holds that the
         duration, scope, or area restrictions stated herein are unreasonable
         under the circumstances then existing and, thus, unenforceable, STWA
         and the Executive agree that the maximum duration, scope, or area
         reasonable under such circumstances shall be substituted for the stated
         duration, scope, or area.

                  (b)      NONSOLICITATION. During his employment and the
         Noncompetition Period, the Executive shall not, whether on his own
         behalf or on behalf of any

                                                                              14

<PAGE>

         other individual or business entity, solicit, endeavor to entice away
         from STWA, a Subsidiary or any affiliated company, or otherwise
         interfere with the relationship of STWA, a Subsidiary or any affiliated
         company with any person who is, or was within the then most recent 12
         month period, an employee or associate thereof; provided, however, that
         this subparagraph shall not apply following the occurrence of a Change
         in Control.

                  (c)      EXTENSION OF NONCOMPETITION PERIOD. The
         Non-Competition Period shall be automatically extended by the length of
         time (if any) in which the Executive is in violation of any of the
         terms of this Section 19.

         20.      ARBITRATION. To the extent permitted by applicable law, any
         controversy or dispute arising out of or relating to this Agreement, or
         any alleged breach hereof, shall be settled by arbitration in Los
         Angeles, California in accordance with the commercial rules of the
         American Arbitration Association then in existence (to the extent such
         rules are not inconsistent with the provisions of this Agreement), it
         being understood and agreed that the arbitration panel shall consist of
         three individuals acceptable to the parties hereto. In the event that
         the parties cannot agree on three arbitrators within 20 days following
         receipt by one party of a demand for arbitration from another party,
         then the Executive and STWA shall each designate one arbitrator and the
         two arbitrators selected shall select the third arbitrator. The
         arbitration panel so selected shall convene a hearing no later than 90
         days following the selection of the panel. The arbitration award shall
         be final and binding upon the parties, and judgment may be entered
         thereon in the California Superior Court or in any other court of
         competent jurisdiction.

         21.      ADDITIONAL EQUITABLE REMEDY. The Executive acknowledges and
         agrees that STWA's remedy at law for a breach or a threatened breach of
         the provisions of Paragraphs 18 and 19 would be inadequate; and, in
         recognition of this fact and notwithstanding the provisions of
         Paragraph 20, in the event of such a breach or threatened breach by
         him, it is agreed that STWA shall be entitled to request equitable
         relief in the form of specific performance, temporary restraining
         order, temporary or permanent injunction, or any other equitable remedy
         which may then be available. Nothing in this paragraph shall be
         construed as prohibiting STWA from pursuing any other remedy available
         under this Agreement for such a breach or threatened breach.

         22.      RELATED AGREEMENTS. Except as may otherwise be provided
         herein, to the extent that any provision of any other agreement between
         STWA and the Executive shall limit, qualify, duplicate, or be
         inconsistent with any provision of this Agreement, the provision in
         this Agreement shall control and such provision of such other agreement
         shall be deemed to have been superseded, and to be of no force or
         effect, as if such other agreement had been formally amended to the
         extent necessary to accomplish such purpose.

         23.      NO EFFECT ON OTHER RIGHTS. Except as otherwise specifically
         provided herein, nothing contained in this Agreement shall be construed
         as adversely affecting any rights the Executive may have under any
         agreement, plan, policy or

                                                                              15

<PAGE>

         arrangement to the extent any such right is not inconsistent with the
         provisions hereof.

         24.      EXCLUSIVE RIGHTS AND REMEDY. Except for any explicit rights
         and remedies the Executive may have under any other contract, plan or
         arrangement with STWA, the compensation and benefits payable hereunder
         and the remedy for enforcement thereof shall constitute his exclusive
         rights and remedy in the event of his termination of employment.

         25.      DIRECTOR AND OFFICER LIABILITY INSURANCE; INDEMNIFICATION.
         STWA shall provide the Executive (including his heirs, executors, and
         administrators) with the maximum coverage permitted under its
         directors' and officers' liability insurance policy, as soon as STWA
         obtains such a policy, at STWA's expense and shall indemnify him as
         both a director and as an officer (and his heirs, executors, and
         administrators) to the fullest extent permitted under Federal and
         California law against all expenses and liabilities reasonably incurred
         by him in connection with or arising out of any action, suit, or
         proceeding in which he may be involved by reason of his having been an
         officer or director of STWA or any Subsidiary or affiliated company
         (whether or not he continues to be such an officer or director at the
         time of incurring such expenses or liabilities). Such expenses and
         liabilities shall include, but not be limited to, judgments, court
         costs, and attorneys' fees, and the costs of reasonable settlements.

         26.      NOTICES. Any notice required or permitted under this Agreement
         shall be sufficient if it is in writing and shall be deemed given (i)
         at the time of personal delivery to the addressee, or (ii) at the time
         sent certified mail, with return receipt requested, addressed as
         follows:

                  If to the Executive:    Bruce H. McKinnon
                                          11927 Ashdale Lane
                                          Studio City, CA 91604

                  If to STWA              5125 Lankersham Boulevard
                                          North Hollywood, CA 91601

                                         Attention:  Chairman of the Board of
                                                     Directors

The name or address of any addressee may be changed at any time and from time to
time by notice similarly given.

         27.      NO WAIVER. The failure by any party to this Agreement at any
         time or times hereafter to require strict performance by any other
         party of any of the provisions, terms, or conditions contained in this
         Agreement shall not waive, affect, or diminish any right of the first
         party at any time or times thereafter to demand strict performance
         therewith and with any other provision, term, or

                                                                              16

<PAGE>

         condition contained in this Agreement. Any actual waiver of a
         provision, term, or condition contained in this Agreement shall not
         constitute a waiver of any other provision, term, or condition herein,
         whether prior or subsequent to such actual waiver and whether of the
         same or a different type. The failure of STWA to promptly terminate the
         Executive's employment for Cause or the Executive to promptly terminate
         his employment for Good Reason shall not be construed as a waiver of
         the right of termination, and such right may be exercised at any time
         following the occurrence of the event giving rise to such right.

         28.      SURVIVAL. Notwithstanding the nominal termination of this
         Agreement and the Executive's employment hereunder, the provisions
         hereof which specify continuing obligations, compensation and benefits,
         and rights (including the otherwise applicable term hereof) shall
         remain in effect until such time as all such obligations are
         discharged, all such compensation and benefits are received, and no
         party or beneficiary has any remaining actual or contingent rights
         hereunder.

         29.      SEVERABILITY. In the event any provision in this Agreement
         shall be held illegal or invalid for any reason, such illegal or
         invalid provision shall not affect the remaining provisions hereof, and
         this Agreement shall be construed, administered and enforced as though
         such illegal or invalid provision were not contained herein.

         30.      BINDING EFFECT AND BENEFIT. The provisions of this Agreement
         shall be binding upon and shall inure to the benefit of the successors
         and assigns of STWA and the executors, personal representatives,
         surviving spouse, heirs, devisees, and legatees of the Executive.

         31.      ENTIRE AGREEMENT. This Agreement embodies the entire agreement
         among the parties with respect to the subject matter hereof, and it
         supersedes all prior discussions and oral understandings of the parties
         with respect thereto.

         32.      NO ASSIGNMENT. This Agreement, and the benefits and
         obligations hereunder, shall not be assignable by any party hereto
         except by operation of law.

         33.      NO ATTACHMENT. Except as otherwise provided by law, no right
         to receive compensation or benefits under this Agreement shall be
         subject to anticipation, commutation, alienation, sale, assignment,
         encumbrance, charge, pledge, or hypothecation, or to set off,
         execution, attachment, levy, or similar process, and any attempt,
         voluntary or involuntary, to effect any such action shall be null and
         void.

         34.      CAPTIONS. The captions of the several paragraphs and
         subparagraphs of this Agreement have been inserted for convenience of
         reference only. They constitute no part of this Agreement and are not
         to be considered in the construction hereof.

         35.      COUNTERPARTS. This Agreement may be executed in any number of
         counterparts, each of which shall be deemed one and the same instrument
         which may be sufficiently evidenced by any one counterpart.

                                                                              17

<PAGE>

         36.      NUMBER. Wherever any words are used herein in the singular
         form, they shall be construed as though they were used in the plural
         form, as the context requires, and vice versa.

         37.      APPLICABLE LAW. Except to the extent preempted by federal law,
         the provisions of this Agreement shall be construed, administered, and
         enforced in accordance with the domestic internal law of the State of
         California without reference to its laws regarding conflict of laws.

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

                                   ____________________________________
                                             Bruce H. McKinnon

                                   SAVE THE WORLD AIR, INC.

                                   By: ______________________________________
                                             Edward Masry
                                             Chairman of the Board

                                   Attest: __________________________________
                                             Janice Holder
                                             Corporate Secretary

                                                                              18

<PAGE>

GLOSSARY

         "BOARD OF DIRECTORS" means the board of directors of the relevant
         corporation.

         "CAUSE" means (i) a documented repeated and willful failure by the
         Executive to perform his duties, but only after written demand and only
         if termination is effected by action taken by a vote of (A) prior to a
         Change in Control, at least a majority of the directors of STWA then in
         office, or (B) after a Change in Control, at least 80% of the
         non-officer directors of STWA then in office, (ii) his final conviction
         of a felony, (iii) conduct by him which constitutes moral turpitude
         which is directly and materially injurious to STWA or any Material
         Subsidiary, (iv) willful material violation of corporate policy, or (v)
         the issuance by the regulator of STWA or any Subsidiary or affiliated
         company of an unappealable order to the effect that he be permanently
         discharged.

         For purposes of this definition, no act or failure to act on the part
         of the Executive shall be considered "willful" unless done or omitted
         not in good faith and without reasonable belief that the action or
         omission was in the best interest of STWA or any of its Subsidiaries or
         affiliated companies.

         "CHANGE IN CONTROL" means the occurrence of any of the following
         events:

                  (a)      any Person (except (i) STWA or any Subsidiary or
         prior affiliate of STWA, or (ii) any Employee Benefit Plan (or any
         trust forming a part thereof) maintained by STWA or any Subsidiary or
         prior affiliate of STWA) is or becomes the beneficial owner, directly
         or indirectly, of STWA's securities representing 19.9% or more of the
         combined voting power of STWA's then outstanding securities, or 50.1%
         or more of the combined voting power of a Material Subsidiary's then
         outstanding securities, other than pursuant to a transaction described
         in Clause (c);

                  (b)      there occurs a sale, exchange, transfer or other
         disposition of substantially all of the assets of STWA or a Material
         Subsidiary to another entity, except to an entity controlled directly
         or indirectly by STWA;

                  (c)      there occurs a merger, consolidation, share exchange,
         division or other reorganization of or relating to STWA, unless --

                           (i)      the shareholders of STWA immediately before
         such merger, consolidation, share exchange, division or reorganization
         own, directly or indirectly, immediately thereafter at least two-thirds
         of the combined voting power of the outstanding voting securities of
         the Surviving Company in substantially the same proportion as their
         ownership of the voting securities immediately before such merger,
         consolidation, share exchange, division or reorganization; and

                           (ii)     the individuals who, immediately before such
         merger, consolidation, share exchange, division or reorganization, are
         members of the Incumbent Board continue to constitute at least
         two-thirds of the board of directors of the Surviving Company;
         provided, however, that if the election, or nomination for election by
         STWA's shareholders, of any new director was approved by a vote of at
         least two-thirds of the Incumbent Board, such director shall, for the
         purposes hereof, be considered a member of the Incumbent Board; and
         provided further, however, that no individual shall be considered a
         member of the Incumbent Board if such individual initially assumed
         office as a result of either an actual or threatened Election Contest
         or Proxy Contest, including by reason of any agreement intended to
         avoid or settle any Election Contest or Proxy Contest; and

                           (iii)    no Person (except (A) STWA or any Subsidiary
         or prior affiliate of STWA, (B) any Employee Benefit Plan (or any trust
         forming a part thereof) maintained by STWA or any Subsidiary or prior
         affiliate of STWA, or (C) the Surviving Company or any Subsidiary or
         prior affiliate of the Surviving Company) has beneficial ownership of
         19.9% or more of the combined voting power of

                                      G-19

<PAGE>

         the Surviving Company's outstanding voting securities immediately
         following such merger, consolidation, share exchange, division or
         reorganization;

                  (d)      a plan of liquidation or dissolution of STWA, other
         than pursuant to bankruptcy or insolvency laws, is adopted; or

                  (e)      during any period of two consecutive years,
         individuals who, at the beginning of such period, constituted the Board
         of Directors of STWA cease for any reason to constitute at least a
         majority of such Board of Directors, unless the election, or the
         nomination for election by STWA's shareholders, of each new director
         was approved by a vote of at least two-thirds of the directors then
         still in office who were directors at the beginning of the period;
         provided, however, that no individual shall be considered a member of
         the Board of Directors of STWA at the beginning of such period if such
         individual initially assumed office as a result of either an actual or
         threatened Election Contest or Proxy Contest, including by reason of
         any agreement intended to avoid or settle any Election Contest or Proxy
         Contest.

         Notwithstanding the foregoing, a Change in Control shall not be deemed
         to have occurred if a Person becomes the beneficial owner, directly or
         indirectly, of securities representing 19.9% or more of the combined
         voting power of STWA's then outstanding securities solely as a result
         of an acquisition by STWA of its voting securities which, by reducing
         the number of shares outstanding, increases the proportionate number of
         shares beneficially owned by such Person; provided, however, that if a
         Person becomes a beneficial owner of 19.9% or more of the combined
         voting power of STWA's then outstanding securities by reason of share
         repurchases by STWA and thereafter becomes the beneficial owner,
         directly or indirectly, of any additional voting securities of STWA,
         then a Change in Control shall be deemed to have occurred with respect
         to such Person under Clause (a).

         Notwithstanding anything contained herein to the contrary, if the
         Executive's employment is terminated and he reasonably demonstrates
         that such termination (i) was at the request of a third party who has
         indicated an intention of taking steps reasonably calculated to effect
         a Change in Control and who effects a Change in Control, or (ii)
         otherwise occurred in connection with, or in anticipation of, a Change
         in Control which actually occurs, then for all purposes hereof, a
         Change in Control shall be deemed to have occurred on the day
         immediately prior to the date of such termination of his employment.

         "STWA" means Save The World Air, Inc.

         "DATE OF TERMINATION" means:

                  (a)      if the Executive's employment is terminated for
         Disability, 30 days after the Notice of Termination is given (provided
         that he shall not have returned to the performance of his duties on a
         full-time basis during such 30-day period);

                  (b)      if the Executive's employment terminates by reason of
         his death, the date of his death;

                  (c)      if the Executive's employment is terminated by STWA
         for Cause, the date of termination specified in the Notice of
         Termination and determined in accordance with Section 8(a);

                  (d)      if the Executive's employment is terminated by him
         without Good Reason, the date of termination specified in the Notice of
         Termination and determined in accordance with Section 9(a);

                  (e)      if the Executive's employment is terminated by STWA
         for any reason other than for Disability or Cause, the date specified
         in the Notice of Termination and determined in accordance with Section
         10(a); or

                  (f)      if the Executive's employment is terminated by him
         for Good Reason, the termination date specified in the Notice of
         Termination and determined in accordance with Section 11(a);

                                      G-20

<PAGE>

         provided, however that the Date of Termination shall mean the actual
         date of termination in the event the parties mutually agree to a date
         other than that described above.

         "DEFINED BENEFIT PLAN" has the meaning ascribed to such term in Section
         3(35) of ERISA.

         "DEFINED CONTRIBUTION PLAN" has the meaning ascribed to such term in
         Section 3(34) of ERISA.

         "DISABILITY" has the meaning ascribed to the term "permanent and total
         disability" in Section 22(e)(3) of the IRC.

         "ELECTION CONTEST" means a solicitation with respect to the election or
         removal of directors that, if STWA was subject to the provisions of the
         1934 Act, would be subject to the provisions of Rule 14a-11 of the 1934
         Act.

         "EMPLOYEE BENEFIT PLAN" has the meaning ascribed to such term in
         Section 3(3) of ERISA.

         "ERISA" means the Employee Retirement Income Security Act of 1974, as
         amended and as the same may be amended from time to time.

         "EXCISE TAX" means the tax imposed by Section 4999 of the IRC (or any
         similar tax that may hereafter be imposed by federal, state or local
         law).

         "EXECUTIVE" means NAME OF EXECUTIVE, an individual residing in ADDRESS,
         California.

         "GOOD REASON" means:

                  (a)      prior to a Change in Control--

                           (i) the Executive's demotion to a lesser position, or
                           any material diminution in his duties or
                           responsibilities;

                           (ii) a reduction in the Executive's base
                           compensation, other than a reduction which is
                           proportionate to a company-wide reduction in
                           executive pay;

                           (iii) a failure to increase the Executive's base
                           compensation, consistent with his performance rating,
                           within 24 months since the last increase, other than
                           similar treatment on a company-wide basis for
                           executives or a voluntary deferral by him of an
                           increase; or

                           (iv) any purported termination of the Executive's
                           employment which is not in accordance with the terms
                           of this Agreement; and

                  (b)      after a Change in Control--

                           (i) a change in the Executive's status or position,
                           or any material diminution in his duties or
                           responsibilities;

                           (ii) any increase in the Executive's duties
                           inconsistent with his position;

                           (iii) any reduction in the Executive's base
                           compensation;

                           (iv) a failure to increase the Executive's base
                           compensation, consistent with his performance review,
                           within 12 months of the last increase; or a failure
                           to consider Executive for an increase within 12
                           months of his last performance review;

                                      G-21

<PAGE>

                           (v) a failure to continue in effect any Employee
                           Benefit Plan in which the Executive participates,
                           including (whether or not they constitute Employee
                           Benefit Plans) incentive bonus, stock option, or
                           other qualified or nonqualified plans of deferred
                           compensation (A) other than as a result of the normal
                           expiration of such a plan, or (B) unless such plan is
                           merged or consolidated into, or replaced with, a plan
                           with benefits which are of equal or greater value;

                           (vi) requiring the Executive to be based anywhere
                           other than the county where his principal office was
                           located immediately prior to the Change in Control;

                           (vii) refusal to allow the Executive to attend to
                           matters or engage in activities in which he was
                           permitted to engage prior to the Change in Control;

                           (viii) delivery to the Executive of a Notice of
                           Nonextension;

                           (ix) failure to secure the affirmation by a
                           Successor, within three business days prior to a
                           Change in Control, of this Agreement and its or
                           STWA's continuing obligations hereunder (or where
                           there is not at least three business days advance
                           notice that a Person may become a Successor, within
                           one business day after having notice that such Person
                           may become or has become a Successor); or

                           (x) any purported termination of the Executive's
                           employment which is not in accordance with the terms
                           of this Agreement.

Notwithstanding anything herein to the contrary, at the election of the
Executive, beginning with the 181st day following a Change in Control and
continuing through the first anniversary of such Change in Control, he may
terminate his employment for any reason or no reason and such termination will
be treated as having occurred for Good Reason.

         "GROSS-UP PAYMENT" means an additional payment to be made to or on
behalf of the Executive in an amount such that the net amount retained by him,
after deduction of any Excise Tax on the Total Payments and any federal, state,
and local income tax and Excise Tax on such additional payment, equals the Total
Payments.

         "INCUMBENT BOARD" means the Board of Directors of STWA as constituted
at any relevant time.

         "IRC" means the Internal Revenue Code of 1986, as amended and as the
same may be amended from time to time.

         "MATERIAL SUBSIDIARY" means a Subsidiary whose net worth, determined
under generally accepted accounting principles, at the fiscal year end
immediately prior to any relevant time is at least 25% of the aggregate net
worth of the controlled group of corporations of which STWA is parent.

         "1934 ACT" means the Securities Exchange Act of 1934, as amended and as
the same may be amended from time to time.

         "NOTICE OF NON-EXTENSION" means a written notice delivered to or by the
Executive which advises that the Agreement will not be extended as provided in
Paragraph 3.

         "NOTICE OF TERMINATION" means a written notice that (i) indicates the
specific termination provision in this Agreement relied upon, (ii) sets forth in
reasonable detail the facts and circumstances claimed to provide a basis for
termination of the Executive's employment under the provision so indicated, and
(iii) gives the required advance notice of termination.

     "PERSON" has the same meaning as such term has for purposes of Sections
13(d) and 14(d) of the 1934 Act.

                                      G-22

<PAGE>

         "PROXY CONTEST" means the solicitation of proxies or consents by or on
behalf of a Person other than the Board of Directors of STWA.

         "SUBSIDIARY" means any business entity of which a majority of its
voting power or its equity securities or equity interests is owned, directly or
indirectly by STWA.

         "SUCCESSOR" means any Person that succeeds to, or has the practical
ability to control (either immediately or with the passage of time), STWA's
business directly, by merger or consolidation, or indirectly, by purchase of
STWA's voting securities or all or substantially all of its assets.

         "SURVIVING COMPANY" means the business entity that is a resulting
company following a merger, consolidation, share exchange, division or other
reorganization of or relating to STWA.

         "TOTAL PAYMENTS" means the compensation and benefits that become
payable under the Agreement or otherwise (and which may be subject to an Excise
Tax) by reason of the Executive's termination of employment, less the federal,
state and local income tax (but not any Excise Tax) on such compensation and
benefits, in each case determined without regard to any Gross-Up Payments that
may also be made.

         "WELFARE BENEFIT PLAN" has the meaning ascribed to the term "employee
welfare benefit plan" in Section 3(1) of ERISA. For purposes of determining the
Executive's or his dependents' right to continued welfare benefits hereunder
following his termination of employment, the meaning of such term shall include
any retiree health plan maintained by STWA at any time after the relevant Date
of Termination, notwithstanding the fact that the Executive is not a participant
therein prior to such date.

                                      G-23<PAGE>

                                                                    EXHIBIT 10.2

[Portions herein identified by ** have been omitted pursuant to a request for
confidential treatment and have been filed separately with the Commission
pursuant to Rule 406 of the Securities Act of 1933, as amended]

                          ACQUISITION MASTER AGREEMENT

         MASTER AGREEMENT ("Agreement") made as of August 22, 2003, by and THE
TRAVEL CHANNEL, L.L.C. ("TRV"), a Delaware corporation, with offices at 7700
Wisconsin Avenue, Bethesda, Maryland 20814, on the one hand, and WORLD POKER
TOUR L.L.C. ("Grantor") , with offices at 1041 North Formosa Avenue, Formosa
Building, Suite 99, West Hollywood, CA 90046, on the other hand.

         TRV wishes to license from Grantor, and Grantor wishes to license to
TRV, certain rights in program(s) in accordance with the terms set forth herein
and in the Standard Terms and Conditions set forth in Exhibit A and the
attachment(s) ("Attachment(s)") to be attached hereto. Defined terms used in
this Agreement are set forth in Exhibit B.

         Now therefore, in consideration of the foregoing and of the mutual
promises and covenants contained herein, the receipt and sufficiency of which
are hereby acknowledged, the parties agree as follows:

I.       Program:

         The Program(s) licensed are set forth in the applicable Attachment.

II.      License Fee:

         TRV shall pay the License Fee set forth in the applicable Attachment in
accordance with the payment terms set forth therein.

III.     Grant of Rights:

         TRV shall have the exclusive right, license and privilege to exhibit,
market, distribute, transmit, perform and otherwise exploit each Program an
unlimited number of times on any DCI Service in the media ("Media") and
territory ("Territory") and for the License Period (`Exhibition Period") set
forth in the applicable Attachment.

IV.      Erasure

         Upon expiration or termination of this Agreement, TRV shall erase or
destroy all copies of the Materials in its possession.

<PAGE>

V.       Standard Terms and Conditions

         The parties agree that the Standard Terms and Conditions attached
hereto as Exhibit A, the definitions attached hereto as Exhibit B and all
Attachments shall be deemed a part of this Agreement.

         IN WITNESS WHEREOF, the parties have executed this Agreement as of the
latest date set forth below.

WORLD POKER TOUR L.L.C.                     THE TRAVEL CHANNEL, L.L.C.

By: /s/ Steven Lipscomb                     By: /s/ William M. Campbell
    --------------------------                  --------------------------------

Printed Name: Steven Lipscomb               Printed Name: William M. Campbell

Title: Chief Executive Manager              Title: President, U.S. Networks

Date: February 19, 2004                     Date: February 20, 2004

                                       2

<PAGE>

              PART OF AGREEMENT BETWEEN THE TRAVEL CHANNEL, L.L.C.
                           AND WORLD POKER TOUR L.L.C.
                           DATED AS OF AUGUST 22, 2003

                                   EXHIBITS A
                          STANDARD TERMS AND CONDITIONS

         The following terms and conditions shall apply to the Agreement to
which this Exhibit is attached:

1.       Option

         Unless otherwise set forth in the applicable Attachment, TRV shall have
two (2) exclusive option(s) ("Option(s)") to extend the License Period for the
Programs, individually or collectively, in any or all of the Territories for an
additional period of one (1) year (the "Option Period"), upon the same terms and
conditions set forth herein and at the Option Fee specified in the applicable
Attachment. Such Option(s) shall be exercised by written notice to Grantor not
later than 30 days prior to the expiration of the then current License Period or
Option Period, as the case may be.

2.       Exclusivity

         Except as permitted by TRV hereunder, no Program, nor any elements or
versions thereof, shall be exhibited within the Territory during the License
Period by means of Television.

3.       Materials

         3.1      Grantor shall, at Grantor's expense, deliver to DCI, all of
the program materials ("Materials") set forth in Exhibit B to the Attachment for
each Program at the address set forth in the applicable Attachment, or such
other address as TRV may designate, no later than the Delivery Date specified in
such Attachment.

         3.2      TRV shall examine the Materials within sixty (60) days after
receipt to determine if the Materials comply with all applicable TRV standards.
If the Materials do not comply with such standards in any respect, TRV shall
have the right to correct such defects at Grantor's reasonable cost, or to
require Grantor to replace promptly the unacceptable Materials. TRV agrees that
if, TRV determines, in its sole discretion, that time permits, it shall contact
Grantor and require Grantor to replace promptly the unacceptable materials prior
to undertaking to correct such defects itself. If TRV corrects the problem, TRV
may either (i) offset the costs incurred by TRV against the License Fee payable
to Grantor, or (ii) bill Grantor for such costs and Grantor shall promptly
reimburse TRV for any such costs upon receipt of DCI's invoice. TRV may make
such copies of the Materials as it shall require to exercise its rights
hereunder.

         3.3      Delivery of all of the Materials by the Delivery Date for each
Program is of the essence of this Agreement. In the event of any failure of
timely delivery by Grantor, in addition to any other rights which it may have,
TRV shall have the right to immediately terminate this Agreement as it relates
to the applicable Program, or if DCI, in its discretion, elects to accept such
Program, TRV may reschedule the start of the License Period, in DCI's sole
discretion. The Materials delivered to TRV hereunder shall be duplicate copies,
and TRV expressly disclaims liability for any damage or loss to any original
master delivered by Grantor to DCI.

4.       Consideration

         4.1      TRV shall have no obligation to Grantor to exercise any or all
of its rights hereunder, and for each Program, TRV shall have fully discharged
its duties hereunder by paying Grantor the applicable License Fee specified in
the Agreement.

         4.2      In making payment of the License Fee provided in the
applicable Attachment, TRV shall withhold all taxes that may be required to be
withheld. If TRV fails to withhold any taxes, TRV may (a) require Grantor to
reimburse TRV in the amounts that should have been withheld; or (b) deduct the
amounts that should have been withheld from future payments (if any).

5.       Incidental Rights

         5.1      DCI, its subsidiaries, affiliates, representatives and agents
shall have the right:

                  (a)      To advertise, promote, and publicize the Program, TRV
and/or DCI's affiliated programming services worldwide in all media including
theme parks ("Publicity"). Publicity may incorporate any elements from the
Program and elements created by or for DCI. In connection therewith, Grantor
will deliver to TRV

                                                              Exhibit A - Page 1

<PAGE>

a reasonable quantity of publicity materials, including but not limited to
pressbooks, artwork, slides and stills. DCI's right to use the publicity
materials hereunder include, without limitation, use in connection with industry
awards events which feature the Program during or after the License Period. No
use hereunder shall constitute an endorsement of any other product or service.

                  (b)      To edit, modify or alter the Program in any manner,
including but not limited to the right to dub, subtitle and/or voiceover in any
language and other customizations, and to include the Program as part of an
anthology or series of programs under the Program's title or another title
provided that any Program included as part of an anthology or series must be
shown in its entirety. TRV shall own all elements it creates ("TRV Program
Elements").

         5.2      Unless otherwise specified in the applicable Attachment, TRV
shall have the right to edit, remove and/or reposition the Program credits,
provided TRV will exhibit the customary credits (e.g., writer, producer,
director, talent). TRV shall have the right to include credits for TRV
production personnel in connection with the Program. The total running length of
program credits, including TRV credits, shall not exceed thirty (30) seconds.
Casual or inadvertent failure by TRV to accord any credit shall not be deemed a
material breach. Upon written notice TRV shall take reasonable steps to
prospectively cure any credit defect.

6.       Warranties

         Grantor hereby represents and warrants as follows:

         6.1      Grantor has the right to enter into this Agreement and perform
all obligations hereunder.

         6.2      To the extent applicable and unless otherwise set forth in the
applicable Attachment, each Program licensed hereunder shall be documentary in
nature and shall not contain any endorsement of any product or service. In order
to maintain DCI's worldwide reputation as a premier source of highly credible,
non-fiction programming, all statements of fact contained in the Program(s)
shall be true and accurate and shall be substantiated by adequate research in
keeping with generally accepted standards for first-class documentary film
makers. Moreover, all dramatizations and reenactments shall be clearly
identified as such. Without limiting any additional rights TRV may have under
this Agreement, Grantor shall assume all costs reasonably incurred by TRV in
order to correct any factual inaccuracies contained in the Program as of the
date of delivery.

         6.3      Grantor has paid or will pay all charges, taxes, license fees
and other amounts that have been or may become owed in connection with each
Program or the exercise of any rights granted herein, and there are no pending
claims, liens, charges, restrictions or encumbrances on any Program or on such
rights.

         6.4      The exercise of the rights granted herein by TRV and its
successors, licensees, and assignees will not violate any law, regulation or
right of any kind whatsoever or give rise to any actionable claim or liability.
Each Program is free of any moral rights or comparable obligations to any third
party.

         6.5      No claims have been made or are pending against Grantor or any
other individual or entity arising out of any exhibition of the Program, if any
such exhibition has been made.

         TRV hereby represents and warrants as follows:

         6.6      TRV has the right to enter into this Agreement and perform all
obligations hereunder. The person executing this Agreement on behalf of TRV is
fully empowered to do so.

         6.7      TRV shall exercise only those rights granted to TRV hereunder
and shall not permit any use of the Programs in any manner which is inconsistent
with the provisions of this Agreement.

         6.8      There is no present or threatened litigation which might
impair TRV's ability to perform its obligations under this Agreement.

7.       Indemnity

         Each party shall at all times indemnify and hold harmless the other
party, its affiliates, licensees, assignees and parent, subsidiary and
affiliated companies, and the officers, directors, shareholders, employees and
agents of all such entities against and from any and all claims, damages,
liabilities, costs and expenses (including, without

                                                              Exhibit A - Page 2

<PAGE>

limitation, reasonable outside counsel fees and disbursements) arising out of
any breach or alleged breach by it of any representation, warranty or other
provisions hereof. In the event of any claim or service of process upon a party
involving the indemnification hereinbefore set forth, the party receiving such
notice shall promptly notify the other of the claim. The indemnifying party will
promptly adjust, settle, defend or otherwise dispose of such claim at its sole
cost. If it so elects, the indemnified party shall have the right at its sole
cost to engage its own counsel in connection with such claim. In the event that
the indemnitee determines that the indemnitor is not diligently and continuously
defending any such claim, the indemnitee shall have the right, on its own behalf
and as attorney-in-fact for indemnitor, to adjust, settle, defend or otherwise
dispose of such claim. Any costs incurred by the indemnitee in connection
therewith shall be promptly reimbursed by the indemnitor, and if the indemnitor
fails to so reimburse the indemnitee, the indemnitee shall be entitled to deduct
such amounts from any other sums payable to the indemnitor under the Agreement.

8.       Protection of Copyright

         8.1      Grantor shall take all reasonable steps to protect all
copyrights pertaining to each Program from infringement and will institute such
action and proceedings as may be reasonable to prevent any unauthorized use,
reproduction, exhibition or exploitation by third parties of each Program, or
any part thereof, or the material on which the Program is based which may be in
contravention of the rights granted to TRV hereunder.

         8.2      If Grantor elects not to take any action in the event of any
infringement of copyright or of TRV's rights hereunder, Grantor shall so notify
TRV promptly and TRV shall have the right, but not the obligation, to take such
action as TRV shall deem reasonable in the circumstances. In the event that
Grantor elects not to take any action in the event of any infringement of
copyright or of TRV's rights hereunder, Grantor hereby appoints TRV its
attorney-in-fact to act in its name to prevent any unauthorized use,
reproduction, exhibition or exploitation of any Program or any part thereof. Any
damages awarded or settlement payments made as a result of any action taken by
TRV shall remain DCI's property.

9.       Insurance

         Grantor shall secure a policy of Producer's (Errors and Omissions)
liability insurance applicable to the exhibition of the Program hereunder,
having limits of at least $1,000,000 per occurrence, $3,000,000 in the
aggregate, and a deductible of no more than $10,000, with respect to each loss
or claim involving the same offending act, failure to act, or matter whether
made by one or more persons and regardless of frequency of repetition relating
to the Program and insuring Grantor against all liability assumed by Grantor
hereunder. Such policy shall be secured at Grantor's own cost and shall be
maintained throughout the License Period. The insurance obtained by Grantor
pursuant to this paragraph 9 shall name TRV as an additional insured. Promptly
after securing such policy but in no event later than the Delivery Date, Grantor
shall furnish TRV with a customary certificate attesting to such insurance and
outlining its terms and limits.

10.      Relationship of Parties

         Nothing contained in this Agreement shall create any partnership or
joint venture between the parties. Neither party may make binding commitments on
the part of the other, except as otherwise specifically agreed hereunder. This
Agreement is not for the benefit of any third party not a signatory hereto and
shall not be deemed to give any right or remedy to any such party whether
referred to herein or not.

11.      Notices

         Notices shall be in writing and delivered by personal delivery; first
class certified or registered mail, return receipt requested; U.S. Express mail,
or an express overnight service (such as Federal Express); or telecopier (with
confirmation and concurrent mailing), addressed as set forth in the Agreement or
such other address designated by a party in writing. Notice shall be deemed to
have been given when actually received.

12.      Default

         If Grantor defaults in the performance of any of its material
obligations hereunder (with the exception of a default in delivery which is
covered in paragraph 3.3 hereof) and such default shall not be cured within ten
(10) days after written notice thereof to Grantor, or if Grantor becomes
insolvent, or if a petition under any bankruptcy act shall be filed by or
against Grantor which petition, if filed against Grantor, shall not have been
dismissed within sixty (60) days thereafter, or if Grantor executes an
assignment for the benefit of creditors, or if a receiver is appointed for the

                                                              Exhibit A - Page 3

<PAGE>

assets of Grantor, or if Grantor takes advantage of any insolvency or any other
like statute (any of the above acts are hereinafter called "Event of Default"),
then TRV may, in addition to any and all other rights which it may have against
Grantor, terminate this Agreement by giving written notice to Grantor at any
time after the occurrence of an Event of Default. Notwithstanding such
termination, the indemnities, warranties and representations set forth herein
shall remain in full force and effect.

13.      Miscellaneous

         13.1     This Agreement contains the entire understanding and
supersedes all prior understandings between the parties relating to the subject
matter herein and this Agreement cannot be changed or terminated except in a
writing executed by both parties. This Agreement may not be assigned by either
party without the prior written consent of the other. Notwithstanding the
foregoing, either party may assign this Agreement to a parent, subsidiary or
affiliate or to a company to which either party is sold or into which either
party is merged or consolidated; provided such assignment shall not relieve the
assigned party of its obligations hereunder. Each party will, upon the other's
request, promptly furnish to the other copies of such agreements or other
documents as the other may reasonably desire in connection with any provisions
of this Agreement.

         13.2     All provisions hereof shall be kept strictly confidential by
the parties and may not be disclosed without prior written consent (except that
each party may disclose such matters, to the extent reasonably necessary, to its
attorneys, auditors, consultants, shareholders and other fiduciaries, provided
such fiduciaries commit in writing to abide by the confidentiality provisions
set forth in this subparagraph). Grantor shall not issue any non-incidental or
derogatory public or press statements about the Program in the Territory without
DCI's prior written permission.

         13.3     If either party is materially hampered from performing
hereunder by reason of any law, natural disaster, labor controversy, war, or any
similar event ("Force Majeure") failure to perform shall not be deemed a breach
of or default under this Agreement and neither party shall be liable to the
other therefor. If a Force Majeure continues for more than four (4) weeks, then
upon notice, TRV may terminate this Agreement as it relates to the applicable
Program without further liability to Grantor, except for appropriate payment or
adjustment in regard to payments to be made hereunder, if any, prior to
termination.

         13.4     This Agreement shall be construed and enforced under the laws
of the State of New York. Grantor and TRV hereby consent to and submits to the
jurisdiction of the federal and state courts located in the State of New York.
Grantor and TRV waive any defenses based upon lack of personal jurisdiction or
venue, or inconvenient forum.

         13.5     If any provision herein is unenforceable then such provision
shall be of no effect on any other provision hereof.

         13.6     No waiver of any breach hereof shall be deemed a waiver of any
other breach hereof.

         13.7     Rights and remedies granted to TRV hereunder are cumulative.
The exercise of one shall not diminish or affect any other rights or remedies at
law or in equity. Grantor's sole remedy under this Agreement shall be an action
at law for damages; Grantor shall not be entitled to equitable relief.

         13.8     Grantor acknowledges that the names and marks "DSC",
"Discovery Channel", "TLC", and any other TRV (or any DCI subsidiary or
affiliate) trademarks and any logos and variations incorporating the same, are
as between Grantor and TRV the exclusive property of TRV and that Grantor has
not and will not acquire any proprietary or exploitation rights thereto by
reason of the Agreement unless expressly provided for herein.

                                                              Exhibit A - Page 4

<PAGE>

                                    EXHIBIT B
                                  DEFINED TERMS

MEDIA

         (i)      "DCI Services" shall mean any content services in which
Discovery Communications, Inc. ("DCI") has an ownership interest or controls or
shares control of content decisions, or to which DCI supplies content to be
packaged with a DCI trademark or logo including the Discovery Channel logo, TLC
logo, Animal Planet logo, Travel Channel logo, Discovery Health logo, Discovery
Kids logo, discovery.com logo, Discovery HD Theater logo or any other DCI logo
or trademark.

         (ii)     "Direct Response Home Video" shall mean the distribution,
licensing, sale, rental, and/or exploitation via any analog or digital medium
(e.g., without limitation, video cassettes, DVDs, digital videodiscs, compact
videodiscs or in any other analogous format now known or hereafter invented),
directly to consumers via any DCI-controlled outlet (including, without
limitation, any TRV Service, any DCI-controlled catalogue and any DCI-controlled
retail store), for private viewing of the visual images and synchronized
audio-track by means of playback device which causes a visual image on the
screen of a television receiver, computer or comparable device, where both the
playback device and the receiver are located in the same location.

         (iii)    "Home Video" shall mean the distribution, licensing, sale,
rental and/or exploitation via any analog or digital medium (e.g., without
limitation, video cassettes, DVDs, digital videodiscs, compact videodiscs or in
any other analogous format now known or hereafter invented), for private viewing
of the visual images and synchronized audio-track by means of playback device
which causes a visual image on the screen of a television receiver, computer or
comparable device, where both the playback device and the receiver are located
in the same location.

         (iv)     "Institutional Non-Theatrical Media" shall mean the
distribution, exhibition, licensing, sale, rental and/or exploitation on video
cassettes, videodiscs, closed circuit or in any other analogous format, now
known or hereafter invented, to schools, libraries, churches, museums, summer
camps, private businesses and other markets customarily referred to as "school",
"educational" "instructional" or "institutional"; provided, Institutional
Non-Theatrical Media shall not include any distribution to any person, entity or
venue (including but not limited to those described above) for any exploitation
or exhibition to audiences where a charge for admission is made.

         (v)      "Non-Standard Television" shall mean transmission to
individual or multiple receivers by all means of technology, whether now
existing or hereafter invented, other than Standard Television. "Non-Standard
Television" shall include, without limitation, transmission by means of cable,
direct broadcast satellite, pay DTT, LPTV, CATV, SMATV, MMDS, TVRO, microwave,
wireless cable, online, DSL, ADSL, via file server, telephonic, scrambled UHF,
super stations, and closed circuit television systems.

         (vi)     "On-Line Rights" shall mean the right to reproduce, copy,
modify, adapt, create derivatives, use or otherwise exploit all or any portion
of the Program, elements and/or versions thereof in combination with or as a
composite of other content of any nature, including but not limited to, text,
data, photographs, illustrations and/or video or audio segments or any
combination of the foregoing, and to transmit or deliver the resulting
combination or composite product by means of any telecommunications system or
any broadcast technology (whether now known or hereafter developed), whether
analog or digital, capable of reception and display on and/or through electronic
devices (e.g., personal computers, network computers, televisions, handheld
devices, cell phones or other reception devices, whether now known or hereafter
devised) using a central processing unit to access content, irrespective of
whether such networks or devices are open or proprietary, public or private, or
whether a fee is charged or a subscription or membership is required in order to
access such networks or devices. For the avoidance of doubt, this encompasses,
without limitation, any services distributed by means of the worldwide matrix of
interconnecting computers using the TCP/IP protocols or subsequent technologies
and/or protocols such as, but not limited to the "Internet" or "World Wide Web"
or higher speed connections.

         (vii)    "Standard Television" shall mean television distribution by a
UHF or VHF television broadcast station or by unencrypted digital transmission,
the video and audio portions of which are intelligibly receivable without charge
by means of standard roof top or television set built-in antennas; provided, for
purposes of this Agreement the broadcast like those in England by the BBC in
which a license fee, tax or similar charge is made for use of a television shall
be considered Standard Television. Without limiting the foregoing, Standard
Television shall include conventional, over-the-air television as well as the
collection of retransmission copyright royalties related thereto.

                                                              Exhibit B - Page 1

<PAGE>

         (viii)   "Television" shall mean all forms of Standard Television and
Non-Standard Television.

         (ix)     "Transportation Non-Theatrical Media" shall mean the
distribution, licensing, sale, rental and/or exploitation on video cassettes,
videodiscs or in any other analogous format, now existing or hereafter invented,
to airline, rail, cruise and other markets customarily referred to as
"in-flight" or "transportation" (including, without limitation, air, rail or
cruise transportation bearing the flag of any country within the Territory or
based in any country within the Territory, traveling to any country within or
outside of the Territory).

                                                              Exhibit B - Page 2

<PAGE>

TERRITORIES

         (i)      "Africa Territory" shall mean Algeria, Angola, Benin,
Botswana, Burkina Faso, Burundi, Cameroon, Cape Verde, Central African Republic,
Chad, Comores Islands, Congo, Djibouti, Egypt, Equatorial Guinea, Eritrea,
Ethiopia, Gabon, Gambia, Ghana, Guinea, Guinea Bissau, Ivory Coast, Kenya,
Lesotho, Liberia, Libya, Madagascar, Malawi, Mali, Mascarenes Islands,
Mauritania, Mayotte, Morocco, Mozambique, Namibia, Niger, Nigeria, Reunion,
Rwanda, San Tome & Principe, Senegal, Seychelles, Sierra Leone, Somalia, South
Africa, Sudan, Swaziland, Tanzania, Togo, Tunisia, Uganda, Western Sahara,
Zaire, Zambia, Zimbabwe.

         (ii)     "Canadian Territory" shall mean Canada, its territories,
possessions, commonwealths, instrumentalities and protectorates.

         (iii)    "Caribbean Territory" shall mean Anguilla, Antigua & Barbuda,
Aruba, Bahamas, Barbados, Bermuda, British Virgin Islands, Cayman Islands, Cuba,
Dominica, Dominican Republic, Grenada, Guadeloupe, Haiti, Jamaica, Martinique,
Montserrat, Netherland Antilles, Puerto Rico, St. Lucia, St. Kitts & Nevis, St.
Vincent & Grenadines, Trinidad & Tobago, Turks & Caicos Islands, U.S. Virgin
Islands.

         (iv)     "Central/South Asian Territory" shall mean the following:
Afghanistan, Brunei, Cambodia, China, Hong Kong, Indonesia, Japan, Laos, Macao,
Malaysia, Mongolia, Mauritius, Myanmar, North Korea, Papua New Guinea,
Philippines, Seychelles Islands, Singapore, South Korea, Taiwan, Thailand,
Vietnam.

         (v)      "European Territory" shall mean Albania, Belgium, Bosnia,
Bulgaria, Commonwealth of Independent States, Croatia, Cyprus, Czech Republic,
Estonia, Finland, Greece, Hungary, Iceland, Kingdom of Denmark, Latvia,
Lithuania, Luxembourg, Macedonia, Malta, Norway, Poland, Romania, Slovakia,
Slovenia, Sweden, The Netherlands, Yugoslavia (also known as Serbia and
Montenegro).

         (vi)     "German Territory" shall mean Austria, Germany, Liechtenstein,
Luxembourg, Switzerland, South Tyrol.

         (vii)    "Iberia Territory" shall mean Andorra, Portugal, Spain.

         (viii)   "India Territory" shall mean Bangladesh, Bhutan, India,
Maldives, Nepal, Pakistan, Sri Lanka.

         (ix)     "Italy Territory" shall mean Capodistria, Italy, Malta, San
Marino, Switzerland, Vatican City.

         (x)      "Latin America Territory" shall mean Argentina, Belize,
Bolivia, Brazil, Chile, Colombia, Costa Rica, Ecuador, El Salvador, Falkland
Islands, French Guyana, Guatemala, Guyana, Haiti, Honduras, Mexico, Nicaragua,
Panama, Paraguay, Peru, Suriname, Uruguay, Venezuela and the Caribbean Territory
(as defined above).

         (xi)     "Middle East Territory" shall mean Aramco, Bahrain, Cyprus,
Iran, Iraq, Israel, Jordan, Kuwait, Lebanon, Oman, Palestine, Qatar, Saudi
Arabia, Syria, Turkey, United Arab Emirates, Yemen.

         (xii)    "North American Territory" shall mean the United States
Territory and the Canadian Territory.

         (xiii)   "Pacific Rim Territory" shall mean Australia, New Zealand,
American Samoa, Cook Islands, Fiji, French Polynesia, Guam, Kiribati Islands,
Marshall Islands, Micronesia, Nauru, New Caledonia, Niue, North Mariana Islands,
Palau, Solomon Islands, Tonga, Tuvalu, Vanuatu, Wallis & Futuna Islands, Western
Samoa.

         (xiv)    "UK Territory" shall mean the United Kingdom of Great Britain,
Northern Ireland, Eire, Isle of Man and the Channel Islands.

         (xv)     "United States Territory" shall mean the United States, its
territories, possessions, commonwealths, instrumentalities, protectorates and
military bases.

                                                              Exhibit B - Page 3

<PAGE>

                           ATTACHMENT FOR NEW PROGRAM
                              DATED AUGUST 22, 2003
                    TO MASTER AGREEMENT DATED AUGUST 22, 2003
         BETWEEN THE TRAVEL CHANNEL, L.L.C. ("TRV") AND WORLD POKER TOUR
                              L.L.C., ("Producer")
 located at 1041 North Formosa Ave, Formosa Building, Suite 99, West Hollywood,
                                    CA 90046

1.       PROGRAMS

<TABLE>
<CAPTION>
                                   COM,
TITLE:                             RUN                                                           LICENSE               LICENSE
NAME          EPISODE              TIME                   MEDIA           TERRITORY               PERIOD                 FEE
---------------------------------------------------------------------------------------------------------------------------------
<S>                          <C>                <C>                       <C>            <C>                        <C>
World Poker Tour:            13 x 120 minutes   Non-Standard Television   United         4 years, commencing on     $**
Season 2; A 13 event poker                      on any DCI Service        States         the earlier of (a) the     ($** per
league culminating in the                                                 Territory      first exhibition of the    episode for
World Poker Tour                                Transportation                           Episode in the United      thirteen (13)
championship. (14 episodes)                     Non-Theatrical Media (as                 States Territory; and (b)  Episodes
(each, an "Episode")                            defined below)                           the date which is sixty
                                                                                         (60) days after delivery
                                                                                         to and acceptance by TRV
                                                                                         of the Episode.

---------------------------------------------------------------------------------------------------------------------------------
Battle of Champions          1 x 120 minutes    Same as above             Same as above  Same as above              $**
(i.e. First Special)
---------------------------------------------------------------------------------------------------------------------------------
Ladies' Night                1 x 120 minutes    Same as above             Same as above  Same as above              $**
(i.e. Second Special)
---------------------------------------------------------------------------------------------------------------------------------
Hollywood  Home  Games #001  1 x 120 minutes    Same as above             Same as above  Same as above
(i.e.Third Special)                                                                                                 $**
---------------------------------------------------------------------------------------------------------------------------------
</TABLE>

                                     Page 1

<PAGE>

<TABLE>
<S>                          <C>                <C>                       <C>            <C>                        <C>
---------------------------------------------------------------------------------------------------------------------------------
Hollywood Home Games #002    1 x 120 minutes    Same as above             Same as above  Same as above              $**
(i.e. Fourth Special)
---------------------------------------------------------------------------------------------------------------------------------
Hollywood Home Games #003    1 x 120 minutes    Same as above             Same as above  Same as above              $**
(i.e. Add'l Special #1)
---------------------------------------------------------------------------------------------------------------------------------
Hollywood Home Games #004    1 x 120 minutes    Same as above             Same as above  Same as above              $**
(i.e. Add'l Special #2)
---------------------------------------------------------------------------------------------------------------------------------
First   Additional Series    1 x 120 minutes    Same as above             Same as above  Same as above              $**
Episode
(i.e. PokerStars.com)
---------------------------------------------------------------------------------------------------------------------------------
Up to Three (3) Additional   1 x 120 minutes    Same as above             Same as above  Same as above              $** each
events and episodes
---------------------------------------------------------------------------------------------------------------------------------
</TABLE>

2.       DELIVERY MATERIALS AND DATE(S)

                  The Episodes constituting the Program shall be photographed,
mastered and delivered to TRV in accordance with Exhibits D ("Program
Materials") and G ("Technical Specifications") attached thereto. The Program
shall be produced in accordance with Exhibit F ("Production Schedule"). Producer
acknowledges that timely delivery is of the essence with respect to the
applicable Program. TRV acknowledges that timely payment of the License Fee and
each portion thereof in accordance with the Payment Template and the Payment
Schedule is of the essence of this Agreement. For purposes of clarity, Producer
acknowledges that Producer's remedy in the event of breach shall be limited by
the terms of paragraph 13.7 of the Master Agreement and paragraph 17.Q. below.

3.       LICENSE FEE AND PAYMENT SCHEDULE

         The License Fee shall be payable in accordance with Exhibit C-1
("Payment Template") and Exhibit C-2 ("Payment Schedule"). TRV has the right to
withhold any payments respecting an Episode to Producer in the event Producer
fails to deliver any of the Program Materials respecting such episode.

4.       ADDITIONAL REGULAR SEASON PROGRAMS

         A.       Provided that TRV is not in material breach of this Agreement,
TRV shall have five (5) consecutive, dependent, exclusive options (each, an
"Option"), exercisable in TRV's discretion, to require Producer to produce and
deliver to TRV, additional seasons of the Program (each, a "Season") of thirteen
(13) Episodes per Season (each, an "Additional Series Order", subject to
Paragraph 7 below. TRV's Option for each Season expires on the date sixty (60)
days prior to the date (the "Option Exercise Deadline") of commencement of
production on the first poker tournament of the immediately following Season
(the "Season Commencement Date") provided that Producer has informed TRV in
writing of the Season Commencement Date at least

                                     Page 2

<PAGE>

one hundred and eighty days (180) prior to the Season Commencement Date. If
Producer does not inform TRV of the Season Commencement Date at least one
hundred and eighty days (180) prior to the Season Commencement Date, TRV shall
have an extension on its Option Exercise Deadline equal to the number of days
that notification of the Season Commencement Date is delayed (e.g., If the
Season Commencement Date notification is ten (10) days late, the Option Exercise
Deadline shall be moved to a date which is fifty (50) days prior to the Season
Commencement Date). TRV may exercise the Option by notifying Producer in writing
of its intention to exercise the Option on or before the Option Exercise
Deadline. If TRV elects not to exercise the Option, or if TRV fails to exercise
the Option by notifying the Producer in writing prior to or on the Option
Exercise Deadline, then Producer shall have no further obligations to TRV with
respect to subsequent Seasons, unless otherwise set forth herein, and TRV shall
have no further rights with respect to subsequent Seasons, unless otherwise set
forth herein. If an Option is exercised by TRV, all of the terms and conditions
of this Agreement shall be equally applicable to each and all of the Episodes
constituting the Additional Series Order and shall govern the respective rights,
duties and obligations of the parties hereto with respect to each and all
Additional Series Orders, except only as follows:

         (i)      The applicable Treatment, Production Schedule, Program
Materials and Payment Schedule for the Additional Series Orders shall be subject
to TRV's approval with respect to each Additional Series Order; provided however
in the event TRV requires changes in the Program Materials set forth in Exhibit
D in such a manner as to cause Producer to incur additional cost, TRV shall
agree to an increase in the License Fee to accommodate such additional cost,
with such increase subject to TRV's approval (not to be unreasonably withheld).
The applicable Payment Schedule for the Additional Series Orders shall be
subordinate to the Payment Template (i.e. in the event of an inconsistency
between the Payment Schedule and the Payment Template, the Payment Template
shall control). Producer shall prepare and deliver the Production Schedule to
TRV, which such Production Schedule shall be approved by TRV within ten (10)
business days after receipt from Producer. Within one (1) week after the
Production Schedule for each Additional Series Order is approved by TRV, TRV
shall prepare and deliver to Producer a Payment Schedule (made in accordance
with the terms of the Production Schedule and the Payment Template) for the
applicable Additional Series Order, and Producer shall have approval rights over
such Payment Schedule (not to be unreasonably withheld; provided that, if for
any reason the Payment Schedule is not prepared and/or approved prior to the
accrual of Payment A in accordance with the Payment Template, TRV shall pay the
Payment A amount to Producer in accordance with the Payment Template.

         (ii)     The applicable License Fee for the Additional Series Orders
with respect to each Season shall increase by ** percent (**%) (on a per
episode basis, including Additional Series Episodes) over the amount of the
License Fee in the immediately preceding Season for such Episodes, or Additional
Series Episodes, as applicable. Producer acknowledges and agrees that Producer
will maintain first-class production values in keeping with current cable
television industry standards at the time of production taking into account the
TRV-approved budget.

                                     Page 3

<PAGE>

         B.       In the event that Producer continues to organize the World
Poker Tour events but gives TRV notice in writing within one hundred eighty
(180) days subsequent to TRV's exercise of the Option for an Additional Series
Order, that Producer does not intend to produce any Programs or Specials (which
such election by Producer shall not be a breach of this Agreement) in connection
with such Season, TRV, at its election, shall have the right to contract with
another production entity to produce the Programs respecting that Season and
Specials relating thereto (each, a "TRV Produced Program", collectively, the
"TRV Produced Programs"). Producer shall grant to TRV a license to use the World
Poker Tour name and marks in a manner consistent with the rights granted to TRV
in this Agreement for the exploitation of the TRV Produced Programs, along with
all other intellectual property rights necessary to comply with the terms of
this Agreement and to produce programs consistent with the quality, theme and
content of the Programs, subject to TRV editorial control. In such a case, TRV
shall own all Television and Non-Theatrical Rights in these TRV Produced
Programs throughout the world, in perpetuity. Producer shall be entitled to a
license fee of USD$** for each calendar year in which TRV exploits, or
permits a third party to exploit, the Television rights in and to a TRV Produced
Program, payable to Producer within thirty (30) days of the initial broadcast of
each such TRV Produced Program in each such calendar year. All other rights
shall be negotiated in good faith between the parties provided that TRV shall
have a right of first negotiation and last refusal for such rights (as defined
in Paragraph 7 below).

5.       SPECIALS

         For each Option for an Additional Series Order, exercised by TRV, and
in addition to the Episodes constituting the Additional Series Order, TRV hereby
orders and Producer agrees to produce and deliver to TRV to order four (4)
specials relating to the Program (each, a "Special") of up to two (2) hours in
commercial length. The parties agree to negotiate in good faith respecting the
creative content of the Specials which may consist of new events, provided
however that TRV shall have the right of final approval over such creative
content. All of the terms and conditions hereof shall be equally applicable to
each and all of the Specials and shall govern the respective rights, duties and
obligations of the parties hereto with respect to each and all of such Specials,
except only as follows:

         (i)      The applicable Treatment, Production Schedule, Program
Materials and Payment Schedule for the Specials shall be subject to TRV's
approval with respect to each Special; provided however in the event TRV
requires changes in the Program Materials set forth in Exhibit D in such a
manner as to cause Producer to incur additional cost, TRV shall agree to an
increase in the License Fee to accommodate such additional cost, with such
increase subject to TRV's approval (not to be unreasonably withheld). The
applicable Payment Schedule for the Specials shall be subordinate to the Payment
Template (i.e. in the event of an inconsistency between the Payment Schedule and
the Payment Template, the Payment Template shall control). Producer shall
prepare and deliver the Production Schedule to TRV, which such Production
Schedule shall be approved by TRV within ten (10) business days after receipt
from Producer. Within one (1) week after the Production Schedule for each
applicable Special is approved by

                                     Page 4

<PAGE>

TRV, TRV shall prepare and deliver to Producer a Payment Schedule (made in
accordance with the terms of the Production Schedule and Payment Template) for
the applicable Special, and Producer shall have approval rights over such
Payment Schedule (not to be unreasonably withheld or delayed); provided that, if
for any reason the Payment Schedule is not prepared and/or approved prior to the
accrual of Payment A in accordance with the Payment Template, TRV shall pay the
Payment A amount to Producer in accordance with the Payment Template.

         (ii)     The Parties acknowledge and agree that with respect to Season
II, "Travel Channel's World Poker Tour Battle of the Champions" shall be deemed
the "First Special" (i.e. 1 of 4), that the applicable License for such First
Special shall be $**, and that the First Special shall be produced,
delivered, and exploited in accordance with Amendment Number 2 to Season 2 Term
Sheet, dated as of November 3, 2003 ("Specials Amendment"), between the Parties
hereto, a copy of which is attached hereto as Exhibit I.

         (iii)    The Parties acknowledge and agree that with respect to Season
II, "Ladies' Night" shall be deemed the "Second Special" (i.e. 2 of 4), and that
the applicable License Fee for such Second Special shall be $**.

         (iv)     The Parties acknowledge and agree that with respect to Season
II, "World Poker Tour's Hollywood Home Games #1" shall be deemed the "Third
Special" (i.e. 3 of 4), and that the applicable License Fee for such Third
Special shall be $**.

         (v)      The Parties acknowledge and agree that with respect to Season
II, "World Poker Tour's Hollywood Home Games #2" shall be deemed the "Fourth
Special" (i.e. 4 of 4), and that the applicable License Fee for such Fourth
Special shall be $**.

         (vi)     The applicable License Fee for the Specials to be produced in
connection with Additional Series Orders shall be negotiated between the parties
in good faith based on the actual needs of production but in no event shall such
License Fee be less than the amount or increase by five percent (5%) over the
amount of the License Fee negotiated for the last Special of similar length in
the immediately preceding Season ordered pursuant to this Agreement (unless
otherwise agreed to by the parties at such time). The parties acknowledge that
the current License Fee for Specials is ** Dollars ($**) per two hour special
and ** Dollars ($**) per one hour special. Producer acknowledges and agrees that
Producer will maintain first-class production values in keeping with current
cable television industry standards at the time of production taking into
account the TRV-approved budget.

6.       ADDITIONAL SPECIALS

         Producer and TRV have agreed that in addition to Specials, TRV orders
and Producer shall deliver to TRV the following additional Specials (i.e. a
Special in addition to the four (4) Specials described in Paragraph 5) for
Season II only. to be governed by the terms of this Agreement (each such
additional special shall be referred to herein as an "Additional Special"):

                                     Page 5

<PAGE>

the "First Additional Special" and the "Second Additional Special" (as such
terms are defined below). For purposes of clarity, there shall be no obligation
on TRV to agree to order any further Additional Specials, and there shall be no
obligation on Producer to deliver any further Additional Specials pursuant to
this Agreement. All of the terms and conditions of this Agreement hereof shall
be equally applicable to each and all of the Specials and shall govern the
respective rights, duties and obligations of the parties hereto with respect to
each and all of such Additional Specials, except only as follows:

         (i)      The applicable Treatment, Production Schedule, Program
Materials and Payment Schedule for the Additional Specials shall be subject to
TRV's approval with respect to each Additional Special; provided however in the
event TRV requires changes in the Program Materials set forth in Exhibit D in
such a manner as to cause Producer to incur additional cost, TRV shall agree to
an increase in the License Fee to accommodate such additional cost, with such
increase subject to TRV's approval (not to be unreasonably withheld). The
applicable Payment Schedule for the Additional Specials shall be subordinate to
the Payment Template (i.e. in the event of an inconsistency between the Payment
Schedule and the Payment Template, the Payment Template shall control). Producer
shall prepare and deliver the Production Schedule to TRV, which such Production
Schedule shall be approved by TRV within ten (10) business days after receipt
from Producer. Within one (1) week after the Production Schedule for the
Additional Specials is approved by TRV, TRV shall prepare and deliver to
Producer a Payment Schedule (made in accordance with the terms of the Production
Schedule and the Payment Template) for the applicable Additional Special, and
Producer shall also have approval rights over such Payment Schedule (not to be
unreasonably withheld; provided that, if for any reason the Payment Schedule is
not prepared and/or approved prior to the accrual of Payment A in accordance
with the Payment Template, TRV shall pay the Payment A amount to Producer in
accordance with the Payment Template.

         (ii)     The parties acknowledge and agree that with respect to Season
II, "World Poker Tour's Hollywood Home Games #3" shall be deemed an Additional
Special (the "First Additional Special") and that the applicable license fee for
such First Additional Special shall be $**.

         (iii)    The parties acknowledge and agree that with respect to Season
II, "World Poker Tour's Hollywood Home Games #4" shall be deemed an Additional
Special (the "Second Additional Special") and that the applicable license fee
for such Second Additional Special shall be $**.

7.       ADDITIONAL SERIES EPISODES WITHIN SEASON

         A.       Producer shall have the right, but not the obligation, to
increase the number of events constituting the World Poker Tour in each Season,
and, in the event that Producer is successful at adding one or more events with
Casino(s) that are identified as one of the "Pre-Approved Events" (as defined
below), or another Casino and event approved by TRV, for a given Season, then
the related number of Episodes constituting the Program respecting such

                                     Page 6

<PAGE>

Season shall increase by the number of Events and Episodes added pursuant to
this Paragraph (each such added Episode, an "Additional Series Episode");
provided that, in no event shall there by more than four (4) Additional Series
Episodes, unless otherwise agreed to by the parties (i.e. for a total of 17
Episodes, 16 events and the Championship).

         B.       TRV hereby pre-approves the following Casinos and or events as
potential Additional Series Episodes (the "Pre-Approved Events"): (a) Trump Taj
Mahal (Atlantic City) - United States Poker Championship; (b) Crown Casinos
(Australia) - Crown Australasian Poker Championship; (c) PokerStars.com (Pacific
Cruise) PokerStars Atlantic Adventure; (d) Sands Casino (Atlantic City) - The
Million Dollar Deal; (e) Paradise Poker.com (Costa Rica) Poker in Paradise; (f)
Harrah's New Orleans - Marti Gras of Poker; provided that TRV acknowledges that
the names (and locations for cruise and Costa Rica tournaments) may change;
provided that Producer agrees to attempt to add Pre-Approved Events (a) through
(c), prior to entering into negotiations with Pre-Approved Event (d).

         C.       TRV shall have pre-approval over any change in the name or
identity of a Pre-Approved Event; which such approval shall not unreasonably be
withheld by TRV.

         D.       The License Fee respecting each Additional Series Episode
shall be $** (subject to increase pursuant to Paragraph 4(a)(ii)).

         E.       The applicable Treatment, Production Schedule, Program
Materials and Payment Schedule for the Additional Series Episodes shall be
subject to TRV's approval with respect to each Additional Series Episode;
provided however in the event TRV requires changes in the Program Materials as
set forth in Exhibit D in such a manner as to cause Producer to incur additional
cost, TRV shall agree to an increase in the License Fee to accommodate such
additional cost, with such increase subject to TRV's approval (not to be
unreasonably withheld). The applicable Payment Schedule for the Additional
Series Episodes shall be subordinate to the Payment Template (i.e. in the event
of an inconsistency between the Payment Schedule and the Payment Template, the
Payment Template shall control). Producer shall prepare and deliver the
Production Schedule to TRV, which such Production Schedule shall be approved by
TRV within ten (10) business days after receipt from Producer. Within one (1)
week after the Production Schedule for each Additional Series Episode is
approved by TRV, TRV shall prepare and deliver to Producer a Payment Schedule
(made in accordance with the terms of the Production Schedule and the Payment
Template) for the applicable Additional Series Episode, and Producer shall have
approval rights over such Payment Schedule (not to be unreasonably withheld;
provided that, if for any reason the Payment Schedule is not prepared and/or
approved prior to the accrual of Payment A in accordance with the Payment
Template, TRV shall pay the Payment A amount to Producer in accordance with the
Payment Template.

         F.       Producer acknowledges and agrees that Producer will maintain
first-class production values in keeping with current cable television industry
standards at the time of production taking into account the TRV-approved budget.

                                     Page 7

<PAGE>

         G.       The parties agree that Producer has elected to add the
PokerStars.com event to the Tour, and that the PokerStars.com event shall be the
first Additional Series Episode (i.e. the "First Additional Series Episode").

         H.       In the event that two (2) or more Additional Series Episodes
are produced in a Season (i.e. if the total number of events and related
Episodes is fifteen (15) or more for a Season) then the number of Specials
required to be ordered by TRV, and to be produced by Producer, pursuant to
Paragraph 5 of this Agreement shall be reduced to three (3) for such Season.

8.       ADDITIONAL WPT PROGRAMS / FIRST NEGOTIATION, LAST REFUSAL

         A.       If TRV exercises its fifth Option under Paragraph 4 above (for
the Season 7 Programs), and provided that TRV is not in material breach of this
Agreement, TRV shall have an exclusive right of first negotiation and last
refusal with respect to the development and/or production of any additional
program(s) covering or presenting World Poker Tour tournaments (e.g., World
Poker Tour VIII) ("Additional WPT Program(s)"). Producer agrees to notify TRV in
writing in the event Producer (either itself or through any other entity) elects
to produce any Additional WPT Program(s), one hundred and eighty (180) days
prior to beginning of the applicable WPT event, thus triggering TRV's right of
first negotiation and last refusal. The parties shall negotiate exclusively for
a period of sixty (60) days after TRV's receipt of such notice (the "Exclusive
Negotiation Period") with respect to the terms and conditions for TRV's
participation in the exploitation of such Additional WPT Program(s).

         B.       If TRV notifies Producer that it is no longer interested in
the Additional WPT Program(s) or the foregoing negotiations between the parties
with respect to such Additional WPT Program(s) do not result in an agreement,
Producer shall thereafter be free to enter into negotiations with any third
party with respect to such Additional WPT Program(s), provided, Producer will
notify TRV in writing of the material terms of any third-party offer Producer
would like to accept, and TRV shall thereafter have a period of fifteen (15)
days to match and preempt such offer by giving Producer written notice of its
acceptance of the material terms contained in the notice to TRV. If TRV fails to
match and preempt the third-party offer, Producer will be free to accept such
third-party offer. In the event the third-party offer shall not materialize into
an agreement with the third party, the last refusal rights of TRV shall be in
full force and effect with respect to any succeeding third-party offer(s).
However, in the event the third-party offer does materialize into an agreement
with the third party, the rights of first negotiation and last refusal of TRV
shall terminate, and Producer shall have no further obligations, unless
otherwise set forth herein, and TRV shall have no further rights with respect to
any Additional WPT Programs, unless other wise set forth herein.

9.       ADDITIONAL NON-WPT PROGRAMS / FIRST NEGOTIATION, LAST REFUSAL

         A.       Provided that TRV is not in material breach of this Agreement,
TRV shall have an exclusive right of first negotiation and last refusal with
respect to the development and/or

                                     Page 8

<PAGE>

production of any additional program(s) covering or presenting poker tournaments
that are not related to the World Poker Tour ("Additional Non-WPT Program(s)").
Producer agrees to notify TRV in writing in the event Producer (either itself or
through any other entity) elects to produce any Additional Non-WPT Program(s).
The parties shall negotiate exclusively for a period of sixty (60) days after
TRV's receipt of such notice (the "Exclusive Negotiation Period") with respect
to the terms and conditions for TRV's participation in the exploitation of such
Additional Non-WPT Program(s).

         B.       If TRV notifies Producer that it is no longer interested in
the Additional Non-WPT Program(s) or the foregoing negotiations between the
parties with respect to such Additional Non-WPT Program(s) do not result in an
agreement, Producer shall thereafter be free to enter into negotiations with any
third party with respect to such Additional Non-WPT Program(s), provided,
Producer will notify TRV in writing of the material terms of any third-party
offer Producer would like to accept, and TRV shall thereafter have a period of
fifteen (15) days to match and preempt such offer by giving Producer written
notice of its acceptance of the material terms contained in the notice to TRV.
If TRV fails to match and preempt the third-party offer, Producer will be free
to accept such third-party offer. In the event the third-party offer shall not
materialize into an agreement with the third party, the last refusal rights of
TRV shall be in full force and effect with respect to any succeeding third-party
offer(s). However, in the event the third-party offer does materialize into an
agreement with the third party, the rights of first negotiation and last refusal
of TRV shall terminate, and Producer shall have no further obligations, and TRV
shall have no further rights with respect to any Additional Non-WPT Programs.

10.      FIRST NEGOTIATION/LAST REFUSAL RESPECTING ACQUISITION OF RIGHTS TO
WORLD POKER TOUR

         A.       In the event that Producer decides not to organize any future
World Poker Tour Events, Producer shall give TRV formal notice in writing of
such election within one hundred eighty (180) days of Producer's such decision
and, provided that TRV is not in material breach of this Agreement, TRV, at its
election, shall have the right of first negotiation and last refusal to acquire
all rights to the World Poker Tour Event ("Acquisition") so that TRV may
continue organizing the World Poker Tour Event without Producer's participation.
The parties shall negotiate exclusively for a period of sixty (60) days after
TRV's receipt of such notice (the "Exclusive Negotiation Period") with respect
to the terms and conditions for TRV's Acquisition.

         B.       If TRV notifies Producer that it is not interested in pursuing
the Acquisition, or the foregoing negotiations between the parties with respect
to the Acquisition do not result in an agreement, Producer shall thereafter be
free to enter into negotiations with any third party with respect to such
Acquisition, provided, Producer will notify TRV in writing of the material terms
of any third-party offer Producer would like to accept, and TRV shall thereafter
have a period of fifteen (15) days to match and preempt such offer by giving
Producer written notice of its acceptance of the material terms contained in the
notice to TRV. If TRV fails to match and

                                     Page 9

<PAGE>

preempt the third-party offer, Producer will be free to accept such third-party
offer. In the event the third-party offer shall not materialize into an
agreement with the third party, the last refusal rights of TRV shall be in full
force and effect with respect to any succeeding third-party offer(s). However,
in the event the third-party offer does materialize into an agreement with the
third party, the rights of first negotiation and last refusal of TRV shall
terminate.

11.      HOLDBACK

         Except as authorized by TRV hereunder, neither the Program, nor any
elements thereof (including outtakes) or versions thereof shall be exhibited on
Television in the United States Territory prior to or during the License Period.
Notwithstanding the foregoing, TRV acknowledges and agrees that, in the event
that TRV is not involved in the production of the Additional Programs, Producer
shall have the right to use up to three minutes (3:00) of consecutive footage
and up to five minutes (5:00) of footage in the aggregate from the Program in,
or in connection with, such Additional Program for exploitation on Television in
the United States Territory during the License Period. Notwithstanding the
foregoing, Producer may utilize clips from the Program in the promotion of the
Tour on Television in the United States Territory during the License Period,
provided that no individual clip exceeds 2 minutes of consecutive footage or
seven (7) minutes of footage in the aggregate, without TRV's prior written
approval. Producer shall include the Travel Channel bug or a constant Chyron on
such promotional clips where practicable, provided that TRV shall have the right
to cause Producer to remove the bug or Chyron at TRV's request (Provided that
such removal shall be done on a prospective basis). Notwithstanding anything to
the contrary contained herein, and only with regards to online exploitation of
clips from the Program, Producer may use clips of up to five (5) consecutive
minutes and of up to ten (10) minutes in the aggregate for promotional purposes
only. Any other online use shall require TRV's prior written approval.

12.      PREMIERE STATUS

         Producer represents and warrants that the Program has not been and will
not be exhibited on any form of Television prior to the commencement of the
License Period and TRV shall have the world premiere of each Episode
constituting the Program provided that TRV exhibits such Episode within ninety
(90) days of delivery to and acceptance by TRV of the final Program Materials
deliverable hereunder for such Episode, such acceptance not to be unreasonably
withheld or delayed.

13.      CREDITS

         A. The parties agree that the Program and all versions thereof shall
contain the production credit for TRV and Producer as set forth below in all
media in the Territory. At its option and expense, TRV may substitute another
TRV-affiliated entity in the production credit or remove its credit.

                                    Page 10

<PAGE>

                PRODUCED BY WORLD POKER TOUR FOR TRAVEL CHANNEL

         B.       The parties agree that the Program and all versions thereof
shall contain the production credit for TRV in the end titles as set forth below
in all media outside of the Territory. At its option and expense, TRV may
substitute another TRV entity in the production credit or remove its credit.

         PRODUCED BY WORLD POKER TOUR IN ASSOCIATION WITH TRAVEL CHANNEL

         C.       Producer shall receive an on-screen logo credit in the
Program.

         D.       Steven Lipscomb shall receive sole Executive Producer credit
in the Program and sole "Created By" credit in the Program. Notwithstanding the
foregoing, TRV shall be entitled to include a Network Executive Producer credit
in the TRV credits section of the Program.

         E.       Producer may remove the TRV credit outside of the United
States Territory only if Producer can provide a written explanation to TRV that
demonstrates to TRV that the TRV credit would prevent sales of the Program to a
third party.

         F.       TRV agrees not to remove any of the credit categories listed
in the Credit Exhibit attached hereto ("Exhibit E"). Producer may modify the
persons entitled to such credits based on the contributions made in connection
with each Episode, provided that such modification(s) will not materially extend
the length of the credits. Nothing herein shall restrict TRV's ability to
reposition or speed up the credits as set forth in the Master Agreement.

14.      SPONSORSHIPS

         A.       **

                                    Page 11

<PAGE>

**

         B.       TRV shall have the exclusive right to sell all other audio
visually represented sponsorships in the Program (e.g., the Amazon Poker Lingo).
Producer will work with TRV to organically integrate these opportunities into
the graphics of the show. TRV and Producer agree and acknowledge that all such
sponsorships incorporated into the Program shall be incorporated in such a
manner to be removable for international television distribution. Any and all
additional out-of pocket costs for such integration which take place outside of
the TRV-approved production budget will be borne exclusively by TRV (in addition
to and separate from any fees paid hereunder). It is understood that no in-show
placement/integration opportunity will be sold by TRV in the categories of
hotels, casinos or on-line gaming. For purposes of clarity, this paragraph shall
not be construed to restrict TRV's ability to sell traditional commercial spots
to these categories during broadcast of World Poker Tour shows on TRV, except
that TRV agrees not to sell "billboards" in the categories of on-line gaming,
casinos, and hotels. Subject to the restrictions above, TRV shall have the
exclusive right to sell all other television/on-air sponsorships/media in the
Series in the Territory.

         C.       The parties acknowledge and agree that certain sponsorship
rights have been accorded to Anheuser-Busch in accordance with that certain
Amendment Number 3 to Season 2 Term Sheet dated as of November 12, 2003
("Anheuser-Busch Amendment"), between the parties hereto, a copy of which is
attached hereto as Exhibit J.

15.      PROMOTION

         Producer shall be permitted to incorporate two tosses to Travel
Channel's website into each Episode, which such website shall include a page
co-branded with TRV and WPT (the "TRV Site"), and which such tosses shall be
subject to TRV's approval. The TRV Site will contain prominent links to the
World Poker Tour web site, the placement and number of such links to be
determined by TRV in its sole discretion. For purposes of clarity and
notwithstanding the foregoing, Producer acknowledges and agrees that, in the
event that the World Poker Tour

                                    Page 12

<PAGE>

website at any time includes the ability to engage in illegal online gambling,
TRV shall no longer be required to provide any links to the World Poker Tour
website. TRV acknowledges that it does not have the right to use the WPT name,
trademark, logo, and/or images in any co-promotion of the Program with an
external third party (other than the use of the title of the Series and for the
promotion thereof) without the express written consent of Producer, which such
consent shall not be unreasonably withheld. For the avoidance of doubt, Producer
acknowledges and agrees that nothing in this paragraph shall restrict TRV's
right to use the name or logo "World Poker Tour" (as such name or logo is used
as title of the Series) for TRV's promotion of the Series or the TRV networks,
including advertising with third parties (for purposes of clarity, TRV's right
to use the World Poker Tour name or logo as set forth herein shall not extend to
using the World Poker Tour name or logo as such name or logo relates to the
World Poker Tour entity apart from the Program in any manner that would imply
sponsorship by the World Poker Tour entity of a third party). Notwithstanding
anything to the contrary herein, and subject to TRV's right to use the WPT name
and logos as set forth in the preceding sentence, TRV acknowledges and agrees
that it shall not use the WPT name logo, images or other intellectual property
in a manner that connotes the WPT's endorsement of a third party name or brand.

16.      REVENUE SHARING

         A.       ** percent (**%) of Producer's "Adjusted Gross Revenues"
(as such term is defined in Exhibit H) from exploitation of Television Rights,
Home Video Rights, Institutional and Transportation Non-Theatrical Rights,
Publishing Rights and Merchandising Rights (as such terms are defined in this
Agreement) in and to the Programs outside the United States Territory ** ("TRV's
Participation"). Upon termination of this Agreement, TRV Participation in the
Merchandising Rights and Publishing Rights (as defined below) shall be based on
the following formula:

**

provided that, notwithstanding the foregoing reduction, in no event shall TRV's
Participation be reduced to less than **% of Merchandising and Publishing
markets prior to the point in time that is twenty (20) years after the deal is
terminated;

and in no event shall TRV's Participation in the exploitation of the
Institutional and Transportation Non-Theatrical rights, Home Video Rights or
Television outside the Territory be reduced after termination of this Agreement.

                                    Page 13

<PAGE>

         B.       "Merchandising Rights" shall mean the distribution, licensing,
sale or other exploitation of tangible goods that utilize names, likenesses or
characteristics of artists in their roles, or other personnel, materials or
services included in the Program or any episode, or the title, props, sets,
expressions or other elements of the Program, and that are made for sale to the
general public. For clarity, Merchandising Rights do not include Publishing
Rights and Home Video Rights, services, or commercial tie-in rights.

         C.       "Publishing Rights" shall mean production, manufacture or
other exploitation, by means of text, still photo and/or still illustration in
any format now known or hereafter developed (including, without limitation,
books, magazines and newsletters and customary subsidiary rights such as
paperback reprints, book club publications, audio recordings, etc.).

17.      ADDITIONAL PROVISIONS

         A.       For purposes of this Attachment, "Transportation
Non-Theatrical Media" shall mean the distribution, licensing, sale, rental
and/or exploitation on video cassettes, videodiscs or in any other analogous
format, now existing or hereafter invented, to airline, rail, cruise and other
markets customarily referred to as "in-flight" or "transportation" (including,
without limitation, air, rail or cruise transportation bearing the flag of any
country within the Territory or based in any country within the Territory,
traveling to any country within or outside of the Territory).

         B.       Notwithstanding anything to the contrary herein, TRV
acknowledges and agrees that Producer shall be allowed to provide banner space
to its member casinos, around the WPT final table (subject to the restrictions
of Paragraph 17.P. below). TRV shall have the right to preapprove any such
banner space and the content of such banners for the casinos in its sole
discretion, provided that such approval shall not be unreasonably withheld. TRV
hereby pre-approves Aviation Club de France, Bellagio, The Bicycle Casino,
Borgata, Ultimate Bet's Ultimate Poker Classic, Foxwoods, Horseshoe Casino, Gold
Strike Casino, Commerce Casino, WPT Invitational, Bay 101, Party Poker's Party
Poker Million, Reno Hilton, WPT Championship, and Crown Casinos Australia; Trump
Taj Mahal; Sands Casino; Pokerstars.com; Paradise Poker.com; and Harrah's New
Orleans. For purposes of clarity, the manner and placement of such banners shall
be subject to TRV's editorial approval, which shall not be exercised
unreasonably.

         C.       If TRV does not exhibit each Episode of the Program at least
two (2) times by the latter of: (a) October 31st of the year in which each
Episode is delivered and accepted by TRV, or (b) the date three (3) months after
delivery and acceptance of the final Episode of the Program for that Season to
TRV then, upon TRV's receipt of written notice from Producer, TRV's Non-Standard
Television rights and Transportation Non-Theatrical rights shall become
non-exclusive.

                                    Page 14

<PAGE>

         D.       Producer acknowledges that TRV deems the provision by Producer
of the personal services of Steve Lipscomb as Executive Producer all times
during and in connection with the production of the Program is of the essence of
this Attachment and a material inducement to TRV entering into this Attachment.

         E.       Notwithstanding anything to the contrary herein or in the
Master Agreement, TRV shall have the right to creative and editorial input
throughout, and approval over, all aspects of pre-production, production,
post-production and completion of the Program (the "Production Activities"). TRV
may be present during the Production Activities and shall designate person(s) as
representative(s) for production approvals required herein. Materials submitted
for approval shall be clearly indicated as such. TRV approvals shall be
exercised within ten (10) business days of receipt of material, except TRV shall
have a reasonable amount of time to approve final delivery of all Program
Materials; silence shall not be deemed an approval.

         F.       The Program shall be delivered to TRV free of encumbrances
(other than music performance society payments to ASCAP, BMI, SESAC and each of
their foreign affiliates) including, without limitation, liens, security
interests, collective bargaining agreements, residual or reuse obligations and
moral rights or attribution obligations so that TRV may exercise its rights
hereunder without any payments or obligations to any third party. Producer shall
obtain written releases and/or licenses for all elements in the Program (e.g.
stock footage and photos, people, music, graphics and other artwork, trademarks
and locations) as necessary to ensure that the Program is in compliance with the
preceding sentence ("Written Releases"). Producer may not include in the Program
any encumbered elements without prior written approval from TRV.

         G.       For purposes of clarity, Producer shall be entitled to promote
and publicize the World Poker Tour event itself or the individual events
comprising the World Poker Tour. Producer acknowledges and agrees that TRV shall
have the exclusive right to control the promotion and publicity regarding the
Program. TRV shall consult with Producer with regards to the form and content of
press releases created by TRV regarding the Program.

         H.       TRV acknowledges and agrees that it has not, as a result of
this Agreement, or as a result of its exercise of any of its editorial approvals
hereunder, acquired an ownership interest in whole or in part in the Program or
the copyright therein.

         I.       For purposes of clarity, TRV acknowledges and agrees that
paragraph 1 of Exhibit A of the Master Agreement shall not apply to this
Attachment.

         J.       TRV acknowledges and agrees that it shall not have the right
to repurpose this Program.

                                    Page 15

<PAGE>

         K.       TRV acknowledges and agrees that the provisions of paragraph
6.2 of Exhibit A of the Master Agreement shall only apply to the extent that
factual statements are being made by a narrator, host, in a voiceover, or
through on-screen graphics but shall not apply to statements made by tournament
participants.

         L.       TRV will have the right to approve the talent used for the
Program, Episodes covered by such Additional Series Order and Specials (e.g.,
approval over the Program announcers and host(s)), consistent with the
TRV-approved budgets and talent availability. TRV acknowledges that it has
already approved Vincent Van Patten, Shana Hiatt and Mike Sexton as talent for
the Program provided that the talent agreements are consistent with this
Agreement unless otherwise pre-approved by TRV in writing. TRV acknowledges and
agrees that Vince Van Patten's talent agreement may be limited to two, rather
than five, options.

         M.       Producer represents and warrants that it entered into
long-term agreements with the relevant individual tournaments that will make it
possible to maintain a World Poker Tour consisting of the same event (or
comparable events if pre-approved by TRV) as the event contemplated under this
Agreement.

         N.       TRV hereby pre-approves Producer to do a trade-out with a
TRV-approved airline to help defray travel costs to the production, and Producer
shall be allowed include a credit and an audio mention (i.e. "promotional
consideration provided by"), subject to TRV's approval, at the end of the
applicable Program Episode.

         O.       Producer acknowledges and agrees that all tournaments shall be
overseen by an independent tournament director and with regards to the Specials
or Additional Specials, Producer shall hire an independent tournament director
subject to TRV's prior approval.

         P.       Without limiting TRV's editorial rights in and to the Program
and for purposes of clarity, Producer acknowledges and agrees that TRV's
editorial rights include the right to pixilate, blur and/or remove audio and/or
visual elements of the Program.

         Q.       In the event of a material breach, Company shall have fifteen
(15) days from notification by Producer of such breach to cure such breach. In
addition, the parties acknowledge and agree that, notwithstanding the provisions
of Paragraph 12 of Exhibit A to the Master Agreement, Producer's right to cure
as set forth in such Paragraph 12 shall be increased from ten (10) days to
fifteen (15) days from notification to Producer.

18.      INCLUSION OF STANDARD TERMS AND CONDITIONS

         The parties agree that except as expressly modified hereby, the Master
Agreement shall be ratified, confirmed and included herein. In the event of any
inconsistency between the terms of this Attachment and the Master Agreement, the
terms of this Attachment shall govern. The parties agree that the terms of the
Master Agreement, as modified hereby, and the Specials

                                    Page 16

<PAGE>

Amendment and the Anheuser-Busch Amendment express the entire agreement between
TRV and Producer and shall replace and supersede all prior arrangements and
representations, either oral or written, including without limitation, the Term
Sheet, as to the subject matter hereof.

         IN WITNESS WHEREOF, the parties hereto hereby execute this Attachment
as of the date first specified above.

WORLD POKER TOUR, L.L.C                    THE TRAVEL CHANNEL, L.L.C.

By: /s/ Steven Lipscomb                    By: /s/ William M. Campbell
    ------------------------------             --------------------------------

Printed Name: Steven Lipscomb                  Printed Name: William M. Campbell

Title: Chief Executive Manager                 Title: President, U.S. Networks

Date: February 19, 2004                        Date: February 20, 2004

                                    Page 17

<PAGE>

              PART OF AGREEMENT BETWEEN THE TRAVEL CHANNEL, L.L.C.
                           AND WORLD POKER TOUR L.L.C.
                           DATED AS OF AUGUST 22, 2003

                                   EXHIBIT C-1

                                PAYMENT TEMPLATE

The Payment Schedule for each Season and each Episode, Special, Additional
Special or Additional Series Episode, as the case may be, to be produced
pursuant to this Agreement shall be as follows:

PAYMENT A -- **% of the total License Fee for each Episode, Special and
Additional Special, as applicable: Payment to Producer: (a) within fourteen (14)
days of Producer's execution of this Agreement, in connection with Episodes,
Specials and Additional Specials produced in connection with Season II, (b)
within fourteen (14) days of TRV's receipt of insurance policies required to be
delivered pursuant to the Program Materials in connection with Episodes to be
produced in connection with each Additional Series Order (if applicable) and
only subsequent to TRV's exercise of any Option pursuant to Paragraph 4(A) of
the Agreement, if ever; and (c) within fourteen (14) days of TRV's receipt of
insurance policies required to be delivered pursuant to the Program Materials in
connection with each Special and Additional Special (as applicable) to be
produced pursuant to this Agreement, if any, and only subsequent to Producer's
and TRV's agreement upon the License Fee in connection with each such Special
and or Additional Special.

PAYMENT B -- **% of the License Fee for each Episode, Special or Additional
Special, as applicable: Payment at least thirty (30) days prior to commencement
of principal photography of such Episode, Special, or Additional Special as
detailed in the mutually approved Production Schedule.

PAYMENT C -- **% of the License Fee for each Episode, Special or Additional
Special, as applicable: Payment within 14 days of delivery to and approval by
TRV of the all Program Production Milestone Materials - Editorial Milestones
Items 1- 10. And Final Program Materials - Program Master Tapes and Material
Elements, Items A1-3 of such Episode, Special or Additional Special as detailed
in the mutually approved Production Schedule.

PAYMENT D -- **% of the License Fee for each Episode, Special or Additional
Special, as applicable: Payment within 14 days of delivery to and approval by
TRV of (a) all Final Program Materials, (b) Program Production Element Binder,
Items B1-2 and (c) Program Legal binder, Items C1-3 of such program as detailed
in the mutually approved production schedule.

The parties agree to work together to prepare the actual anticipated cash
payment dates payable pursuant to this Payment Template in accordance with the
Production Schedule in connection with each Episode, Special, and Additional
Special produced pursuant to this Agreement; provide that, in the event of an
inconsistency between this Payment Template and the Payment Schedule, the
Payment Template shall control.

                                                              Exhibit C-1 Page 1

<PAGE>

              PART OF AGREEMENT BETWEEN THE TRAVEL CHANNEL, L.L.C.
                           AND WORLD POKER TOUR L.L.C.
                           DATED AS OF AUGUST 22, 2003

                                   EXHIBIT C-2
                                PAYMENT SCHEDULE

                             TWO (2) PAGES TO FOLLOW

<PAGE>

              PART OF AGREEMENT BETWEEN THE TRAVEL CHANNEL, L.L.C.
                           AND WORLD POKER TOUR L.L.C.
                           DATED AS OF AUGUST 22, 2003
                                WORLD POKER TOUR
                                PAYMENT SCHEDULE

<TABLE>
<CAPTION>
                                                                                                        C
                                                                    B                                  **%
                                                                   **%                          PAYMENT WITHIN 14
                                                             PAYMENT WITHIN 30                 DAYS OF DELIVERY TO
                                                  A            DAYS PRIOR TO                   AND APPROVAL BY DCI
                                                 **%          COMMENCEMENT OF                  OF THE ALL PROGRAM
                                                UPON           SCHEDULED WPT          B             PRODUCTION            C
        EPISODE             LICENSE FEE    MUTUAL EXECUTION        EVENTS       DELIVERY DATE  MILESTONE MATERIALS  DELIVERY DATE
---------------------------------------------------------------------------------------------------------------------------------
<S>                        <C>             <C>               <C>                <C>            <C>                  <C>
201 Paris                  $   **           $   **             $   **              9-Jun-03       $   **             31-Dec-03
202 Bike                   $   **           $   **             $   **              1-Aug-03       $   **             12-Jan-04
214 Ladies Night           $   **           $   **             $   **              1-Aug-03       $   **             21-Nov-03
203 Borgata                $   **           $   **             $   **             20-Aug-03       $   **             26-Jan-04
204 Aruba                  $   **           $   **             $   **             15-Sep-03       $   **              2-Feb-04
205 Foxwoods               $   **           $   **             $   **             15-Oct-03       $   **             23-Feb-04
250 Hollywood              $   **           $   **             $   **              6-Oct-03       $   **             21-Jan-04
Home Game I
251 Hollywood              $   **           $   **             $   **              7-Oct-03       $   **             20-Feb-04
Home Game II
252 Hollywood              $   **           $   **             $   **              4-Nov-03       $   **              5-Mar-04
Home Game III
253 Hollywood              $   **           $   **             $   **              5-Nov-03       $   **             26-Mar-04
Home Game IV
206 Bellagio               $   **           $   **             $   **             13-Nov-03       $   **              1-Mar-04
215 Battle of Champions    $   **           $   **             $   **             14-Nov-03       $   **             23-Jan-04
216 Pokerstars Cruise      $   **           $   **             $   **             17-Dec-03       $   **             22-Mar-04
207 Tunica                 $   **           $   **             $   **             17-Dec-03       $   **             29-Mar-04
208 Commerce               $   **           $   **             $   **             20-Jan-04       $   **             19-Apr-04
209 Invitational           $   **           $   **             $   **             20-Jan-04       $   **              3-May-04
210 Bay 101                $   **           $   **             $   **              2-Feb-04       $   **             24-May-04
211 Party Poker Cruise     $   **           $   **             $   **             13-Feb-04       $   **             31-May-04
212 Reno                   $   **           $   **             $   **             28-Feb-04       $   **             16-Jun-04
213 Championship           $   **           $   **             $   **             18-Mar-04       $   **             23-Jun-04
                           --------------   --------------     --------------                     --------------
TOTALS                     $   **           $   **             $   **                             $   **
                           --------------   --------------     --------------                     --------------

<CAPTION>
                                   D
                              **% PAYMENT
                           WITHIN 14 DAYS OF
                            DELIVERY TO AND
                            APPROVAL BY DCI
                              OF ALL FINAL       D
                                 PROGRAM      DELIVERY
        EPISODE                 MATERIALS       DATE
-----------------------------------------------------------------------
<S>                        <C>                <C>        <C>
201 Paris                     $  **           24-Mar-04  $   **
202 Bike                      $  **            4-Feb-04  $   **
214 Ladies Night              $  **           10-Dec-03  $   **
203 Borgata                   $  **            3-Mar-04  $   **
204 Aruba                     $  **           31-Mar-04  $   **
205 Foxwoods                  $  **           10-Mar-04  $   **
250 Hollywood                 $  **           25-Jan-04  $   **
Home Game I
251 Hollywood                 $  **           27-Feb-04  $   **
Home Game II
252 Hollywood                 $  **            2-Mar-04  $   **
Home Game III
253 Hollywood                 $  **            2-Apr-04  $   **
Home Game IV
206 Bellagio                  $  **           17-Mar-04  $   **
215 Battle of Champions       $  **            1-Feb-04  $   **
216 Pokerstars Cruise         $  **           14-Apr-04  $   **
207 Tunica                    $  **           21-Apr-04  $   **
208 Commerce                  $  **           28-Apr-04  $   **
209 Invitational              $  **            2-Jun-04  $   **
210 Bay 101                   $  **            9-Jun-04  $   **
211 Party Poker Cruise        $  **           16-Jun-04  $   **
212 Reno                      $  **           23-Jun-04  $   **
213 Championship              $  **           30-Jun-04  $   **
                              ------------               --------------
TOTALS                        $  **                      $   **
                              ------------               --------------
</TABLE>

<PAGE>

              PART OF AGREEMENT BETWEEN THE TRAVEL CHANNEL, L.L.C.
                           AND WORLD POKER TOUR L.L.C.
                           DATED AS OF AUGUST 22, 2003

BALANCE DUE - PENDING ON TIME DELIVERY OF ELEMENTS:

<TABLE>
<S>                   <C>
PRODUCERS
ACKNOWLEDGES
RECEIPT OF FUNDS
                      $  **

Execution Payment     $  **

           Apr-03     $  **

           Jul-03     $  **

           Sep-03     $  **

           Oct-03     $  **

           Nov-03     $  **

           Dec-03     $  **

           Jan-04     $  **

           Feb-04     $  **

           Mar-04     $  **

           Apr-04     $  **

           May-04     $  **

           Jun-04     $  **

                      $  **
</TABLE>

<PAGE>

              PART OF AGREEMENT BETWEEN THE TRAVEL CHANNEL, L.L.C.
                           AND WORLD POKER TOUR L.L.C.
                           DATED AS OF AUGUST 22, 2003

                                    EXHIBIT D
                                PROGRAM MATERIALS

PROGRAM MATERIALS: The Program Materials for each Program shall consist of
elements and documentation listed below. Producer and DCI (or DCI entity
previously identified in the preamble of the Agreement) further agree that DCI
may require Producer to deliver certain other materials, not included in this
Exhibit, in addition to the Program Materials specifically listed below (the
"Additional Program Materials"). Any and all Additional Program Materials will
be delivered to DCI by Producer and included as part of the Program Materials,
provided that, if and to the extent the cost of any Additional Program Materials
cannot be accommodated within DCI approved Production Budget, Producer shall
give DCI written notice of the incremental direct, out-of-pocket cost involved
and secure DCI's prior written approval before incurring such additional cost.

INCOMPLETE DELIVERY: To the extent that any materials or documents are
incomplete or fail to meet the material requirements specified herein, DCI shall
so notify Producer with reasonable specificity, and Producer shall promptly
thereafter correct all such deficiencies by making delivery to DCI of the proper
materials and documents required hereunder. Acceptance by DCI of less than all
of the items required for delivery of the Program and/or release of the Program
by DCI prior to delivery of all of the items required for delivery of the
Program shall not be construed as a waiver by DCI of Producer's obligation to
deliver any item required hereunder. Under no circumstances shall Producer be
relieved of the obligation to deliver all of the materials and documents
required hereunder, nor shall DCI be deemed to have waived any of said delivery
requirements unless DCI shall so notify Producer in writing, designating the
particular item or items which need not be delivered by Producer to DCI. If
Producer fails to correct the deficiency in a timely manner and if DCI is
required to correct the deficiencies directly, DCI reserves the right to take
steps to recover those direct costs incurred by withholding those direct costs
from the final payment/budget contribution. If there is a deficiency, DCI shall
be reimbursed for any direct costs incurred because of such deficiency,
including but not limited to any additional QC checks beyond the initial QC.

PROGRAM MATERIAL SHIPPING: Prior to each shipment, notification of delivery must
be conveyed via fax or e-mail to the assigned DCI Production Manager. Delivery
notification, must contain a copy of the shipment's complete inventory, shipment
method and airbill information.

Send the Program Materials to the following:

EDITORIAL MILESTONE MATERIALS:

                              Discovery Communications, Inc.
                              Attention: Joe Swift
                              One Discovery Place
                              Silver Spring, MD 20910-3354

ACCOUNTING AND INSURANCE MILESTONE MATERIALS:

                              Discovery Communications, Inc.
                              Attention: Kinyette S. Newman
                              One Discovery Place
                              Silver Spring, MD 20910-3354

FINAL PROGRAM LEGAL AND PRODUCTION BINDERS, FINAL PROGRAM MATERIALS: Final music
cue sheet should be delivered with first Program protection master tape. Music
cue sheets should be sent via e-mail to music_cue@discovery.com and your
Production Manager. In addition, final Program transcript with disk should be
sent to DCI at the time protection masters are sent to DCI.

                              Discovery Communications, Inc.
                              Greg Ellison/DCI Library Services
                              Reference: Kinyette S. Newman
                              8045 Kennett Street
                              Silver Spring, MD 20910
                              240-662-4711
                              240-662-1427 (fax)

                                                              Exhibit D - Page 1

<PAGE>

                         PRODUCTION MILESTONE MATERIALS

EDITORIAL MILESTONE MATERIALS: Items listed below should be sent directly to the
assigned Network Executive Producer.

    1.   PROGRAM DESCRIPTION ONE SHEET: Program description of 100 words or more
         for the Program. Hard copy and electronic version. Final version of One
         Sheet delivered with Program rough-cut.

    2.   TITLE CLEARANCE REPORT AND LEGAL OPINION: Copy of Programs Title
         Clearance Report should be included in binder. Tile Clearance Report
         must detail full search including: federal all classes, state, common
         law and domain name. You must obtain DCI approval of your title prior
         to activating the title search.

    3.   PROGRAM ROUGH CUTS: All rough-cuts will be delivered with scratch track
         narration and bum-in time code

    4.   DRAFT PROGRAM CREDITS: Electronic copy delivered with
         rough-cut/fine-cut for DCI EP approval.

    5.   PROGRAM FINE CUTS: Delivered with scratch track narration and bum in
         time-code. Fine cuts should be accompanied by a revised copy of the
         electronic credit list for final DCI EP approval.

    6.   REVISED PRODUCTION SCHEDULES: Copy of updated production. schedule
         should be sent to EP and PM when shooting/production shifts by one or
         more weeks and final delivery or budget are impacted.

    7.   BETACAM SP NTSC PROMOTIONAL VIDEO SELECT REEL: Minimum of ten minutes
         of broadcast quality footage (with nat sound) to be used by DCI in any
         medium to promote the Program or DCI. All materials cleared as required
         by the contract for use within the Program and for promotional use in
         all media, as required in the agreement. Delivery of this reel is at
         the request of DCI at milestones of production and post production,
         however if program delivery is less than 5 weeks before broadcast, reel
         should be delivered at a minimum of 5 weeks prior to broadcast when
         possible.

    8.   TOURNAMENT DIRECTORS ASSOCIATION: A description of the Association
         should be sent to the PM .

    9.   CELEBRITIES AND CHARITIES: A list of the celebrities and their
         charities to be sent to the EP and PM for approval before a celebrity
         is confirmed.

    10.  PRIZE POOL: An explanation of how WPT is handling prize pools for the
         specials and charities should be sent to the PM. This document should
         provide verification from the producer that prize money has been
         awarded to the charities.

INSURANCE MILESTONE MATERIALS: Items listed below should be sent directly to the
assigned DCI Production Manager.

    1.   PRODUCTION INSURANCE POLICIES: Copy of production's insurance policies
         (including, but not limited to: Worker's Compensations, Production
         Insurance Package, US and/or Foreign General Liability, Non-Owned Auto
         Liability). Production Insurance is to be bound before production's
         contracted start date.

                             FINAL PROGRAM MATERIALS

DCI TECHNICAL SPECIFICATIONS: Reference the Technical Specifications of this
Agreement for requirements regarding DCI bug clearance.

NON-LINEAR ON-LINE OUTPUT: DCI currently does not consider direct non-linear
output using lossy compression as industry standard/accepted norms. Output from
an uncompressed non-linear editing system is accepted, provided that the SMPTE
259M SDI interface is used for input and output, and a high-quality 10-bit
analog to digital converter is used.

COMPRESSED SHOOTING: DCI currently does not accept Programs shot on highly
compressed digital formats such as mini DV, DV Cam and DVC Pro formats. For this
Program/Series only the PD 150 Mini DV and DV Cam cameras will be accepted -
this is non-precedent setting.

TAPE LABELS: Labels must be typed in English and contain Program Series/episode
title on all elements, material type (master, protection master, etc.) audio
assignment, format (NTSC), aspect ratio (anamorphic,16:9), time code information
(Drop/Non-Drop, VTC, ATC), Record Date, Facility Name and Shoot Location.

                                                              Exhibit D - Page 2

<PAGE>

TECHNICAL FAILURES: If the protection master fails DCI's Quality Control (QC)
beyond the initial QC, DCI reserves the right to take steps to recover those
direct costs incurred by withholding those direct costs from the final
payment/budget contribution.

SHIPPING: Items listed below should be sent directly to Library Services as
listed on the front of this Program Materials Exhibit

A.       PROGRAM MASTER TAPES AND MATERIAL ELEMENTS: Program Master Tapes and
         Protection Master Tapes are to be shipped separately. First ship the
         Program protection masters for DCI Quality Control (QC) acceptance.
         Following 10 business days of DCI's receipt of the protection masters,
         ship the Program material elements and Program master tapes. This
         production shall be photographed 4:3 Full Frame on Beta SP NTSC,
         mastered and delivered 4:3 full frame on Digital Betacam NTSC and aired
         in 4:3 full frame.

         1.       DIGITAL BETACAM STEREO PROGRAM MASTER TAPE (MONO COMPATIBLE):

                  FOR EACH EPISODE, SERIES OR SPECIAL 1 X 120 COMMERCIAL MINUTES
                  - CUT TO NETWORK CLOCK PROGRAM with text, graphics (including
                  opening title sequence), bumps/teases (if required) and
                  Program credits. A completed *DCI Runsheet & Tape Evaluation
                  Report must be enclosed with each Program master tape.

                  Program masters should be delivered as follows:

                  120:00 COMMERCIAL MINUTES - CUT TO NETWORK CLOCK PROGRAM:
                  Clods provided by Network.

                  a.       PROGRAM END CREDIT ROLL (MANDATORY ON ALL PROGRAMS):

                           -    At the end of Program fade to black, insert a %
                                second pad of black (included in program time)
                                before credits.

                           -    :30 second CREDIT ROLL with music bed: Final DCI
                                approved credits for the Program. The credit
                                roll is to be exactly :30 seconds and is to
                                include all billboard, titlecaid and copyright
                                information unless otherwise approved by DCI.

                           -    :05 second segment of black

                  PROGRAM MASTER AUDIO ASSIGNMENT:

                  All Stereo shall be fully mono compatible. Fully mono
                  compatible requires that when the left and right stereo
                  channels are actively combined to mono there is no discernible
                  change in audio level or fidelity.

                           Stereo- AudiAssignment :

                           Channel 1: Full mix stereo left

                           Channel 2: Full mix stereo right

                           Channel 3: Full mix minus narration, stereo left**

                           Channel 4: Full mix minus narration, stereo right**

                  **Tracks SHOULD be dipped for narration on Program Master.
                  On-camera host audio is considered dialogue, off-camera host
                  audio is considered narration. Host dialogue that transitions
                  to narration should continue to the end of the host statement.

         2.       DIGITAL BETACAM STEREO PROGRAM PROTECTION MASTER (MONO
                  COMPATIBLE): Clone of Stereo Master. Specifications as A-1.

         3.       TEXTLESS STEREO PROGRAM MASTER: Program Master will be clean
                  without titles, lower thirds and credits. Specifications as in
                  A-1.

B.       PROGRAM PRODUCTION ELEMENT BINDER: The required documents are to be
         filed and inventoried throughout production. Producer is to send the
         binder with all required documents to DCI upon completion of the binder
         in its entirety. It is recommended to keep documents in tact in the
         binder and to not send DCI single documents outside the assigned
         binder. DCI is to receive a duplicate binder and the producer is to
         retain all original materials. Binders are to be sent in 10 business
         days after DCI's receipt of the protection master.

         1.       *FINAL PROGRAM SCRIPT AND SCRIPT DISK: Final complete,
                  verbatim script of final master Program containing
                  "non-scripted" interviews. Script should be accurate
                  transcription of Program master with corresponding running
                  time code referencing general photographic action and
                  transcribed audio. Script should be submitted on typewritten
                  hard copy and 3.5' diskette with script in Microsoft Word or
                  DOS ASCII TEXT format. IF REQUIRED, ADDITIONAL PROGRAM
                  SEGMENTS/ MATERIALS SHOULD BE INCLUDED ON VHS TAPE.

         2.       FINAL CREDIT LIST: Final DCI approved, graphic master credit
                  list for the Program. Denoting (*) all contractually obligated
                  credits which -have received DCI's prior approval. Include all
                  billboard, titlecard and copyright information.

C.       PROGRAM LEGAL BINDER:

         1.       *ELECTRONIC MUSIC CUE SHEET: Electronic copy of the EZQ
                  submitted music cue sheet or an original music cue sheet
                  detailing all music contained in the Program, including the
                  title of each composition, the names of composers, publishers,
                  and

                                                              Exhibit D - Page 3

<PAGE>
                  copyright owners, the usage (whether instrumental,
                  instrumental-visual, vocal- visual or otherwise), the place
                  and number of such uses in the Program and in/out cues and
                  running time for each cue, the performance rights society
                  involved, and any other information customarily set forth in
                  music cue sheets.

                  ELECTRONIC DELIVERY: Upon delivery of the protection master an
                  electronic copy of the music cue sheet must be emailed to
                  music_cue@discovery.com and your Production Manager. In the
                  subject line of the email please include the following
                  information: Series/Program title and episode title, preceded
                  by 'COM' to indicate this is a commission Program. A hardcopy
                  of the music cue sheet should be delivered in the Legal
                  binder.

         2.       E&O INSURANCE CERTIFICATE: Producer should obtain E&O policy
                  through DCI's preferred vendor. Tide clearance for all shows,
                  full commissions and co-productions Is the responsibility of
                  the Producer. The title search is a vital component of your
                  Errors and Omissions coverage. You must obtain DCI approval of
                  your title prior to activating the title search. E&O (Errors
                  and Omissions) liability insurance policy, applicable to the
                  exhibition and distribution of the Program, should include the
                  following: Certificate is to contain the Program Title and
                  name Discovery Communications, Inc as additionally insured.

                  a.       Term: Coverage should be maintained for a period of
                           five (5) years from the initial airdate.

                  b.       Limps: Should have limits of at least $1,000,000 per
                           occurrence, $3,000,000 in the aggregate (with a
                           deductible of no more than $10,000) with respect to
                           each loss or claim involving the same offending act,
                           failure to act, or matter, whether made by one or
                           more persons and regardless of frequency of
                           repetition, relating to the Program and insuring
                           Producer against all liability assumed by Producer.

                  c.       On-line Endorsement: (if applicable)

                  d.       Title Coverage: (if applicable)

                  e.       Copy of Title Clearance Report and Legal Opinion:
                           Copy of Program's Title Clearance Report should be
                           included in binder. Title Clearance Report must
                           detail full search including: federal all classes,
                           state, common law and domain name. You must obtain
                           DCI approval of your title prior to activating the
                           title search.

         3.       *COPY OF RELEASES/LICENSES/AGREEMENTS AND CORRESPONDING LOGS
                  (Log should be submitted on typewritten hard copy and computer
                  disc): Place the corresponding log sheet in front of the
                  release documents. Copy of release/license/agreement documents
                  are to be filed and logged in order as they appear in the
                  Program. Only log each release once, as they appear initially
                  in the Program master tape. If a person does not appear in the
                  final Program, log that release after those in the final
                  Program -indicate on the Log sheet "NOT IN FINAL PROGRAM" and
                  list the camera tape only. Refer to the source of all third
                  party footage in the exact form as it appears on the release.

                                                              Exhibit D - Page 4

<PAGE>

                  Please note that if it is not possible to deliver English
                  language agreement, an English language translation must
                  accompany any agreement delivered in a foreign language.

Third party -'Work for Hire" contracts and deal memos are to be in order as they
appear in the Programs and credit list. Refer to the person's name in the exact
form as it appears on the their contract, if a person was a payroll employee and
a contract was not generated -- still list that person and note that status on
the inventory log sheet.

         a.       Copy of Personal Releases and Corresponding Log

         b.       Copy of Shoot Location Release/Permits and Corresponding Log

         c.       Copy of Name/Product/Logo Release and Corresponding Log

                                                              Exhibit D - Page 5

<PAGE>

                                    EXHIBIT E
                                 CREDITS EXHIBIT

                            World Poker Tour Credits

                                   created by
                                 STEVEN LIPSCOMB

                               executive producer
                                 STEVEN LIPSCOMB

                              supervising producer
                                   ROBYN MODER

                                   directed by
                                 STEVEN LIPSCOMB

                                  Commentators
                                   MIKE SEXTON
                                VINCE VAN PATTEN

                                      Host
                                   SHANA HIATT

                                   head writer
                                    JOE GRIMM

                               production manager
                                Kristin Cranford

                                  post producer
                                   DAN ABRAMS

                                 post supervisor
                                  JEN BERKELEY

                               supervising editor
                                    RICK KENT

                                    editor(s)
                                EDITOR'S NAME(S)

                              marketing & branding
                                  AUDREY KANIA

                       segment producer(s) and/or writers
                              JOE GRIMM (& OTHERS?)

                                   announcers
                           LINDA JOHNSON & ANNOUNCER2

                             production coordinator

                                                              Exhibit E - Page 1

<PAGE>

                                BREN FITZPATRICK

                        assistant production coordinator
                                  CINDY FRASER

                              technical supervisor
                                 FRANK ISHIZAKI

                                 lighting design
                                   JOHN CONTI

                          lighting director (or Gaffer)
                                   TOM MURPHEY

                                   set design
                                   JIMMY CUOMO

                                  art director
                                   KEVIN KING

                                 graphics design
                              Eye Dream Productions

                                    composer
                                COMPOSER NAME(S)

                             live audience switcher
                         CHRIS FERGUSON (OR OTHER NAME)

                                 statistician(s)
                              JAN FISHER (OR OTHER)

                                 video engineer
                               VIDEO ENGINEER NAME

                               engineer in charge
                             ENGINEER IN CHARGE NAME

                                     camera
                                  CAMERA NAMES

                                      audio
                                   AUDIO NAMES

                                assistant editors
                             ASSISTANT EDITOR NAMES

                                 tape operators
                                 TAPE OP NAME(S)

                                    lighting
                               LIGHTING DEPT NAMES

                                                              Exhibit E - Page 2

<PAGE>

                                     utility
                                  UTILITY NAMES

                               marketing associate
                                 Mary Babouchian

                                  hair & makeup
                              HAIR AND MAKEUP NAMES

                              production assistants
                           PRODUCTION ASSISTANT NAMES

                                  legal counsel
                                   SHAUN CLARK
                        SHEPPARD MULLIN RICHTER & HAMPTON

                                special thanks to
                               LAKES ENTERTAINMENT

                                     CANDIES
                               HOST CASINO (STAFF)
                               CARDPLAYER MAGAZINE
                            RICHARD NEPPL, CGS, INC.
                                 TONY BLAH BLAH
                              WILLY'S GAMING SUPPLY

                                                              Exhibit E - Page 3

<PAGE>

                                    EXHIBIT F
                               PRODUCTION SCHEDULE

                             TWO (2) PAGES TO FOLLOW

                                                              Exhibit F - Page 1
<PAGE>

                                WORLD POKER TOUR
                                    SEASON II
                                     14x120
                                   AO 2/04/04

<TABLE>
<CAPTION>
                                                                               MASTER/
                                                           COURTESY            CREDITS/
    EP.                       SHOOT       EP.    1ST CUT     COPY     PROMO      EDL
     #     EPISODE TITLE      DATES    DESCRIP   DELIVERY  DELIVERY    COPY    DELIVERY  AIRDATE
-------------------------------------------------------------------------------------------------
<S> <C>  <C>                <C>        <C>       <C>       <C>       <C>       <C>       <C>
1   202  Bicycle Club (wt)  complete   complete  complete  complete  complete  complete  02/04/04
         uplink# 83744
2   203  Borgata (wt)       complete   complete  complete  02/05/04  02/09/04  02/16/04  03/03/04
         uplink# 89343
3   205  Foxwoods (wt)      complete   02/09/04  02/17/04  02/23/04  02/17/04  03/01/04  03/10/03
         uplink# 89344
4   206  Bellagio (wt)      complete   02/16/04  02/26/04  03/02/04  02/26/04  03/08/04  03/17/03
         uplink# 89345
5   201  Paris (wt)         complete   complete  complete  complete  02/12/04  03/15/04  03/24/04
         uplink# 83743
6   204  Aruba (wt)         complete   complete  02/26/04  03/08/04  03/02/04  03/22/04  03/31/03
         uplink# 89354
7   216  Poker Stars        complete   03/08/04  03/11/04  03/16/04  03/11/04  03/29/04  04/14/03
         uplink# 89346
8   207  Tunica (wt)        complete   03/15/04  03/15/04  03/22/04  03/15/04  04/05/04  04/21/04
         uplink# 89347
9   208  Commerce (wt)      2/21-2/24  04/05/04  04/05/04  04/12/04  03/31/04  04/19/04  04/28/04
         uplink# 89348
10  209  Invitational (wt)  2/21-2/28  04/19/04  04/12/04  04/19/04  04/08/04  04/26/04  06/02/04
         uplink# 89349
11  210  Bay 101 (wt)       3/1-3/7    05/10/04  05/03/04  05/10/04  05/03/04  05/17/04  06/09/04
         uplink# 89350
12  211  Cruise (wt)        3/13-3/20  05/17/04  05/10/04  05/17/04  05/10/04  05/24/04  06/16/04
         uplink# 89351
13  212  Reno (wt)          3/29-4/3   06/01/04  06/01/04  06/07/04  06/01/04  06/14/04  06/23/04
         uplink# 89352
14  213  WPT Championship   4/18-4/25  06/10/04  06/07/04  06/14/04  06/02/04  06/21/04  06/30/04
         (wt)
         uplink# 89353
</TABLE>

                                                              Exhibit F - Page 2

<PAGE>

                                WORLD POKER TOUR
                                    SEASON II

                                    SPECIALS
                                      4X120
                                    AO 2/4/04

<TABLE>
<CAPTION>
                                                                              MASTER/
                                                          COURTESY            CREDITS/
    EP.                       SHOOT     EP.     1ST CUT     COPY     PROMO      EDL
     #     EPISODE TITLE      DATES   DESCRIP   DELIVERY  DELIVERY    COPY    DELIVERY  AIRDATE
-------------------------------------------------------------------------------------------------
<S> <C>  <C>                <C>       <C>       <C>       <C>       <C>       <C>       <C>
1   214  WPT Ladies' Night  complete  complete  complete  complete  complete  complete  12/10
           Uplink# 89375                                                                @9PM

2   215    WPT Battle of    complete  complete  complete  complete  complete  COMPLETE  EARLY FEB
             Champions                                                                  TO NBC
           Uplink# 89376

3   215    WPT Battle of    complete  complete  complete                      04/12/04  5/19/04
    TC       Champions
          Travel Version
</TABLE>

                             WPT HOLLYWOOD HOME GAME
                                      4X60

<TABLE>
<CAPTION>
                                                                            MASTER/
                                                        COURTESY            CREDITS/
    EP.                     SHOOT     EP.     1ST CUT     COPY     PROMO      EDL
     #     EPISODE TITLE    DATES   DESCRIP   DELIVERY  DELIVERY    COPY    DELIVERY  AIRDATE
----------------------------------------------------------------------------------------------
<S> <C>  <C>              <C>       <C>       <C>       <C>       <C>       <C>       <C>
1   250  Hollywood Home   complete  complete  complete  complete  complete  complete   1/25
             Game 1                                                                     (?)
            Uplink#

2   251  Hollywood Home   complete     2/1      2/10      2/16      2/17      2/23     APRIL
            Game II
            Uplink#

3   252  Hollywood Home   complete    2/15      2/26      3/2       3/2                JUNE
            Game III
            Uplink#

4   253  Hollywood Home   complete     3/1      3/18      3/23      3/23              AUGUST
            Game IV
            Uplink#
</TABLE>

                                                              Exhibit F - Page 3

<PAGE>

                                    EXHIBIT G
                            TECHNICAL SPECIFICATIONS

                                                                       Exhibit G

<PAGE>

                          DCI TECHNICAL SPECIFICATIONS

THIS EXHIBIT CONTAINS ALL TECHNICAL SPECIFICATIONS FOR NTSC, PAL, 1125/59.94
INTERLACE HD, 1125/23.98 PROGRESSIVE HD AND 11/25/25 PROGRESSIVE HD DCI
TECHNICAL REQUIREMENTS. REFER TO YOUR CONTRACTED DCI PROGRAM MATERIALS EXHIBIT
FOR PROGRAM'S CONTRACTED TECHNICAL REQUIREMENT.

                         GENERAL TECHNICAL REQUIREMENTS

STANDARD DEFINITION VIDEO REQUIREMENTS:

Video program material shall be produced using industry standard and accepted
norms good practice and workmanship. DCI currently does not consider direct
non-linear output using lossy compression as industry standard /accepted norms.
The output of compressed nonlinear systems, even at low rates of compression, is
considered unacceptable. For details regarding the acceptance of a particular
editing system, please see your Production Manager.

Master and source videotapes must meet industry standard or industry-accepted
standards for tape format interchange.

Master and source videotapes must not have any visible video impairments
including, but not limited to dropouts and digital errors. Exception: Dropout
count may not exceed one per running minute.

DCI Bug Clearance Specifications:

Due to the extensive amount of graphics used in these programs, WPT will post
the Travel Channel on-air bug directly to their masters. This allows WPT to
remove and replace the bug to avoid interfering with the designated bug area.
This also assumes that the network ID will not be keyed over the signal for any
airing of these programs.

Bug Placement shall fall into the space between 38.7 microseconds and 50.0
microseconds between lines 190 and 243 (field 1) NTSC, lines 226 and 290 (field
1) PAL. This space represents a large portion of the lower right corner of the
television image. In addition, to prevent interference with international ID's,
text elements shall not be placed between 41.3 microseconds and 50.3
microseconds between lines 34 and 81 (field 1) NTSC, lines 41 and 96 (field 1)
PAL.

The bug used in postproduction by WPT, should maintain the same chrominance,
luminance, and saturation levels as the bug airing out of master control.

STANDARD DEFINITION AUDIO REQUIREMENTS:

Audio program material shall be produced using industry standard and accepted
norms for good practice and workmanship. The audio portion of the master and
source audio and videotapes must be produced so that no noise, static, dropouts
or extraneous distortion is recorded in the audio.

Audio channels - Stereo audio must be fully mono compatible. The audio channels
must be in the proper phase. NOTE: Full Mono Compatibility means that when the
left and right stereo channels are actively combined to mono there is no
discernible change in audio level or fidelity. Full mix and split audio tracks
should be phase coherent (synchronized) to prevent difficulty editing between
these tracks, as necessary.

Audio Levels: Program audio must reflect reference tone level. Audio levels must
be consistent throughout the program.. Transmission limiters clip at +8 dB. FOR
BROADCAST "FULL MIX" TRACKS, TRANSIENT AUDIO PEAKS MUST NOT EXCEED +10 dB ABOVE
REFERENCE TONE WHEN MEASURED ON AN AUDIO METER USING THE "TRUE PEAK" BALLISTIC
SET (0 MS RISE, 200 MS FALL). FOR SECONDARY AUDIO TRACKS, SUCH AS MUSIC AND
EFFECTS TRACKS, AND AUDIO ELEMENTS, PEAK LEVELS MUST NOT RISE ABOVE +17 dB (-3
dbfs). When mastering to a digital format and/or using an full scale or peak
meter, where "0" is at the top of the scale and reference tone is at -20 dBfs,
audio for the "full mix" tracks should peak at no more than -10 dBfs.

When using an analog meter, though the ballistics of analog VU meters vary
greatly, the average program audio level of -2 to -5 dB will roughly equal 10 dB
of headroom and not exceed specifications for peak limits. However, all shows
should be evaluated using a peak sensitive meter to assure adherence with
transmission specifications.

Pre-emphasis: FM transmission modulators (USA) use the 75 microsecond
pre-emphasis curve. All signal processing must take into account the
pre-emphasis curve. Improper "Sweetening", i.e. excessive equalization in the
higher frequencies, can cause sibilance and severe distortion and should be
avoided.

Audio compression: Program audio should have good dynamic range, but not be
overly dynamic. While some compression may be needed to control the dynamic
range of the program audio, excessive audio compression of the final mix should
be avoided as this reduces the perception of audio quality by the listener.
Audio signal peaks should be approximately 8 to 10 db above program reference
levels, and average loudness measurements should be comparable to reference
levels.

                                                              Exhibit G - Page 1

<PAGE>

                           NTSC TECHNICAL REQUIREMENTS

NTSC VIDEO SPECIFICATIONS:

Drop frame: NTSC tapes must be recorded with drop frame time code.

Vertical blanking should adhere to SMPTE specification 170 M.

Discovery will accept vertical blanking that falls between 17 and 22 scan lines.

Horizontal blanking should adhere to SMPTE specification 170 M

Discovery will accept horizontal blanking widths of between 10.4 and 12.0
microseconds, with a front porch measurement of 1.0 to 2.0 microseconds and a
distance of 9.4 to 10.0 microseconds from the falling edge of sync to the end of
the horizontal blanking. For NTSC programs, Discovery measures the start of
blanking as the edge of the signal crosses below 7.5 IRE, and the end of
blanking as the signal crosses above 7.5 IRE. Black edges on the image will be
measured as program blanking, and may result in blanking measurements being
wide.

Composite video white levels should not exceed 100 IRE units, and program black
levels should not extend below 7.5 IRE units. Neither the program luminance
whites nor blacks should be clipped excessively.

Composite chroma levels should not exceed 110 IRE and may be clipped to prevent
transmission over modulation. Discovery standards do not distinguish between
shows of digital component origination or those of composite origination when
evaluating encoded chrominance levels. If digital production methods are used,
it is the responsibility of the vendor to ensure that the encoded signal meets
the composite guidelines. All programs will be judged against these analog
composite guidelines, irrespective of their native origination. NTSC composite
gamut legality is also required of all programs, irrespective of origination.

Horizontal and vertical synchronizing pulses, where applicable, must be recorded
in the program tape at a level of -40 IRE.

Each program shall be preceded with a minimum of 1 minute of SMPTE or EIA color
bars (75% chroma amplitude) and a reference tone of 1000 or 400 Hz, followed by
a 15 second slate, a countdown and 2 seconds of black before start of program.
The tape must have a minimum of 30 seconds of black following the last program
picture and audio.

The program material must be representative of the audio and video reference
signals.

ASPECT RATIO GUIDELINES WHEN DELIVERING LETTERBOX FORMATS:

16:9 NTSC LETTERBOX: 181 scan lines, picture starts at line 50 and letterbox
ends at 233

NTSC TIMECODE SPECIFICATIONS:

Time code - SMPTE DROPFRAME TIME CODE IS MANDATORY. Program start time code must
read 01:00:00:00. Time code should be continuous, without error, and contain the
appropriate flagging information in adherence with SMPTE specification 12 M.

All time code references, i.e. vertical interval time code, (VITC), longitudinal
time code. (LTC) or audio sector time code on Digital formats (ASTC) MUST match
exactly.

                           PAL TECHNICAL REQUIREMENTS

PAL VIDEO SPECIFICATIONS:

Vertical blanking should fall within EBU specifications, adhering to the ITU-R
standard BT.470-6.

Discovery will accept programs with vertical blanking measurements of between 23
and 26 scan lines.

Horizontal blanking should fall within EBU specifications, adhering to the ITU-R
standard BT.470-6.

Discovery will accept horizontal blanking widths of between 11.5 and 13.0
microseconds, with a front porch measurement of 1.0 to 2.0 microseconds and a
distance of 10.5 to 11 microseconds from the falling edge of sync to the end of
the horizontal blanking. For PAL programs, Discovery measures the start of
blanking as the edge of the signal crosses below 0 millivolts and the end of
blanking as the signal rises above 0 millivolts. Black edges on the image will
be measured as program blanking, and may result in blanking measurements being
wide.

                                                              Exhibit G - Page 2

<PAGE>

Composite video white levels should not exceed 700 mv, and program black levels
should not extend below 0 mv. Neither the program luminance whites or blacks
should be clipped excessively.

Composite chroma levels should not exceed 770 mv and may be clipped to prevent
transmission over modulation. Discovery standards do not distinguish between
shows of digital component origination or those of composite origination when
evaluating encoded chrominance levels. If digital production methods are used,
it is the responsibility of the vendor to ensure that the encoded signal meets
the composite guidelines. All programs will be judged against these analog
composite guidelines, irrespective of their native origination. PAL composite
gamut legality is also required of all programs, irrespective of origination.

Each program shall be preceded with a minimum of 1 minute of EBU color bars (75%
chroma amplitude) and a reference tone of 1 KHz, followed by a 15 second slate,
a countdown and 2 seconds of black before start of program. The tape must have a
minimum of 30 seconds of black following the last program picture and audio.

The program material must be representative of the audio and video reference
signals.

ASPECT RATIO GUIDELINES WHEN DELIVERING LETTERBOX FORMATS:

16:9 PAL Letterbox: 216 scan lines, picture starts at line 58, ends at 275

PAL AUDIO SPECIFICATIONS:

Time code - EBU TIME CODE IS MANDATORY. Program start time code must read
10:00:00:00. Time code should be continuous, free of errors, and contain all
appropriate flagging bits.

All time code references, i.e. vertical interval time code, (VITC), longitudinal
time code. (LTC) or audio sector time code on Digital formats (ASTC) MUST match
exactly.

                      GENERAL TECHNICAL REQUIREMENTS FOR HD

HIGH DEFINITION VIDEO REQUIREMENTS:

Video program material shall be produced using industry standard and accepted
norms good practice and workmanship.

Master and source videotapes must meet industry standard or industry-accepted
standards for tape format interchange.

Master and source videotapes must not have any visible video impairments
including, but not limited to dropouts and digital errors.

DCI Bug Clearance Specifications:

DCI requires that lower third and other graphic elements containing text not
interfere with the network ID keyed over the signal. Consequently, the following
areas of the picture may not contain text information. All horizontal
measurements are given in microseconds, with the start of the measurement at the
SAV reference pulse.

No text shall fall into the space between 21 microseconds and 24.5 microseconds
between lines 459 and 541 (field 1) in a 1080 I 59.94 signal.

HIGH DEFINITION AUDIO REQUIREMENTS:

Audio program material shall be produced using industry standard and accepted
norms for good practice and workmanship. The audio portion of the master and
source audio and videotapes must be produced so that no noise, static, dropouts
or extraneous distortion is recorded in the audio.

Audio channels - Stereo audio must be fully mono compatible. The audio channels
must be in the proper phase. NOTE: Full Mono Compatibility means that when the
left and right stereo channels are actively combined to mono there is no
discernible change in audio level or fidelity. Full mix and split audio tracks
should be phase coherent (synchronized) to prevent difficulty editing between
these tracks, as necessary.

Audio Levels: Program audio must reflect reference tone level. Audio levels must
be consistent throughout the program.. Transmission limiters clip at +8 dB. FOR
BROADCAST "FULL MIX" TRACKS, TRANSIENT AUDIO PEAKS MUST NOT EXCEED +10 dB ABOVE
REFERENCE TONE WHEN MEASURED ON AN AUDIO METER USING THE "TRUE PEAK" BALLISTIC
SET (0 MS RISE, 200 MS FALL). FOR SECONDARY AUDIO TRACKS AND 5.1 SURROUND MIXES,
PEAK LEVELS MUST NOT RISE ABOVE +17 dB (-3 dbfs). When mastering to a digital
format and/or using an full scale or peak meter, where "0" is at the top of the
scale and reference tone is at -20 dBfs, audio for the "full mix" tracks should
peak at no more than -10 dBfs.

                                                              Exhibit G - Page 3

<PAGE>

When using an analog meter, though the ballistics of analog VU meters vary
greatly, the average program audio level of -2 to -5 dB will roughly equal 10 dB
of headroom and not exceed specifications for peak limits. However, all shows
should be evaluated using a peak sensitive meter to assure adherence with
transmission specifications.

Pre-emphasis: FM transmission modulators (USA) use the 75 microsecond
pre-emphasis curve. All signal processing must take into account the
pre-emphasis curve. Improper "Sweetening", i.e. excessive equalization in the
higher frequencies, can cause sibilance and severe distortion and should be
avoided.

Audio compression: Program audio should have good dynamic range, but not be
overly dynamic. While some compression may be needed to control the dynamic
range of the program audio, excessive audio compression of the final mix should
be avoided as this reduces the perception of audio quality by the listener.
Audio signal peaks should be approximately 8 to 10 db above program reference
levels, and average loudness measurements should be comparable to reference
levels.

                     1080 I 59.94 TECHNICAL SPECIFICATIONS

1125 LINE/ 59.94 HZ LINE RATE INTERLACE HIGH DEFINITION VIDEO SPECIFICATIONS:

ALL VIDEO SHALL CONFORM TO SMPTE 274M, "1920 X 1080 SCANNING AND ANALOG AND
PARALLEL DIGITAL INTERFACES FOR MULTIPLE PICTURE RATES" AND SMPTE240M, "SIGNAL
PARAMETERS - 1125- LINE HIGH DEFINITION PRODUCTIONS SYSTEMS" BROADCAST
STANDARDS. ALL VIDEO INFORMATION MUST BE COMPLIANT WITH EITHER SMPTE 260M,
"1125/60 HIGH-DEFINITION PRODUCTION SYSTEM - DIGITAL REPRESENTATIVE AND
BIT-PARALLEL INTERFACE", OR SMPTE 292M "BIT -SERIAL DIGITAL INTERFACE FOR
HIGH-DEFINITION SYSTEMS.

Master and source videotapes must meet industry standard or industry accepted
standards for tape format interchange. Source tapes may be either HD Cam or HD
D5, at the 1080 interlace 59.94 Hz line rate. If acquisition is made by film
stock, 35mm film with an aspect ratio of 1.77(16 x 9) is required.

Video shall adhere to SMPTE 274m, item 5 of table 1, which outlines 1920x1080
interlace at a frame rate of 59.94 Hz. 1035 line material is not acceptable for
newly shot pieces.

Vertical blanking should fall within SMPTE 274M specifications, as stated in
section 14 "Analog Synch" and section 15 "Analog Interface" and in ITU-R
specification BT.709-4. The vertical blanking interval should equal lines 1-20
and lines 561-563 of the first field and lines 564-583 and lines 1124-1125 in
the second field.

Horizontal blanking should fall within SMPTE 274M specifications, as stated in
section 14 "Analog Synch" and section 15 "Analog Interface" and ITU-R
specification BT.709-4. Horizontal blanking should be between 280 clock periods
and a maximum of 292 clock periods, creating a blanking width of between 3.775
microseconds and 3.935 microseconds when a clock period is equal to 13.48
nanoseconds.

Video white levels should not exceed 700mV for component signals, and program
black levels should not extend below 0 Vdc. Neither the program luminance whites
nor blacks should be clipped excessively. For color difference signals R-Y and
B-Y, levels shall not exceed 700 mV or fall below 0 mV when set at a 350 mV
offset.

Each program shall be preceded with a minimum of 1 minute of SMPTE or EIA color
bars (75% chroma amplitude) and a reference tone of 1000 or 400 Hz, followed by
a 15 second slate, a countdown and 2 seconds of black before start of program.
The tape must have a minimum of 30 seconds of black following the last program
picture and audio. The program material must be representative of the audio and
video reference signals.

Timecode - SMPTE Dropframe timecode is mandatory. Time code shall adhere to
SMPTE 12M, "Time and Control Code". Program start time code must read
01:00:00:00. Time code should be continuous and free of errors, containing all
appropriate flagging bits.

All time code references, i.e. vertical interval time code, (VITC), longitudinal
time code. (LTC) or audio sector time code on Digital formats (ASTC) MUST match
exactly.

                      1080 P 23.98 TECHNICAL SPECIFICATIONS

1125 LINE/ 23.98 HZ LINE RATE PROGRESSIVE HIGH DEFINITION VIDEO SPECIFICATIONS:

ALL VIDEO SHALL CONFORM TO SMPTE 274M, "1920 X 1080 SCANNING AND ANALOG AND
PARALLEL DIGITAL INTERFACES FOR MULTIPLE PICTURE RATES" AND SMPTE240M, "SIGNAL
PARAMETERS - 1125- LINE HIGH DEFINITION PRODUCTIONS SYSTEMS" BROADCAST
STANDARDS. ALL VIDEO INFORMATION MUST BE COMPLIANT WITH EITHER SMPTE 260M,
"1125/60 HIGH-DEFINITION PRODUCTION SYSTEM - DIGITAL REPRESENTATIVE AND
BIT-PARALLEL INTERFACE", OR SMPTE 292M "BIT -SERIAL DIGITAL INTERFACE FOR
HIGH-DEFINITION SYSTEMS.

                                                              Exhibit G - Page 4

<PAGE>

Master and source videotapes must meet industry standard or industry accepted
standards for tape format interchange. Source tapes may be either HD Cam or HD
D5, at the 1080 progressive 24 Hz line rate. If acquisition is made by film
stock, 35mm film with an aspect ratio of 1.77(16 x 9) is required. Master
videotapes must be Panasonic HD D5 tape stock.

Video shall adhere to SMPTE 274m , item 11 of table 1, which outlines 1920x1080
progressive scan at a frame rate of 24 Hz.

Vertical blanking should fall within SMPTE 274M specifications, as stated in
section 14 "Analog Synch" and section 15 "Analog Interface" and in ITU-R
specification BT.709-4. The vertical blanking interval should equal lines 1-41
and lines 1122-1125 in this progressive scanning format.

Horizontal blanking should fall within SMPTE 274M specifications, as stated in
section 14 "Analog Synch" and section 15 "Analog Interface" and in ITU-R
specification BT.709-4. Horizontal blanking should be between 830 clock periods
and a maximum of 842 clock periods.

Video white levels should not exceed 700mV for component signals, and program
black levels should not extend below 0 Vdc. Neither the program luminance whites
nor blacks should be clipped excessively. For color difference signals R-Y and
B-Y, levels shall not exceed 700 mV or fall below 0 mV when set at a 350 mV
offset.

Each program shall be preceded with a minimum of 1 minute of SMPTE or EIA color
bars (75% chroma amplitude) and a reference tone of 1000 or 400 Hz, followed by
a 15 second slate, a countdown and 2 seconds of black before start of program.
The tape must have a minimum of 30 seconds of black following the last program
picture and audio. The program material must be representative of the audio and
video reference signals.

Timecode - SMPTE Dropframe timecode is mandatory. Time code shall adhere to
SMPTE 12M, "Time and Control Code". Program start time code must read
01:00:00:00. Time code should be continuous and free of errors, containing all
appropriate flagging bits.

All time code references, i.e. vertical interval time code, (VITC), longitudinal
time code. (LTC) or audio sector time code on Digital formats (ASTC) MUST match
exactly.

                       1080 P 25 TECHNICAL SPECIFICATIONS

1125 LINE/ 25 HZ LINE RATE PROGRESSIVE HIGH DEFINITION VIDEO SPECIFICATIONS:

ALL VIDEO SHALL CONFORM TO SMPTE 274M, "1920 X 1080 SCANNING AND ANALOG AND
PARALLEL DIGITAL INTERFACES FOR MULTIPLE PICTURE RATES" AND SMPTE240M, "SIGNAL
PARAMETERS - 1125- LINE HIGH DEFINITION PRODUCTIONS SYSTEMS" BROADCAST
STANDARDS. ALL VIDEO INFORMATION MUST BE COMPLIANT WITH EITHER SMPTE 260M,
"1125/60 HIGH-DEFINITION PRODUCTION SYSTEM - DIGITAL REPRESENTATIVE AND
BIT-PARALLEL INTERFACE", OR SMPTE 292M "BIT -SERIAL DIGITAL INTERFACE FOR
HIGH-DEFINITION SYSTEMS.

Master and source videotapes must meet industry standard or industry accepted
standards for tape format interchange. Source tapes may be either HD Cam or HD
D5, at the 1080 progressive 25 Hz line rate. If acquisition is made by film
stock, 35mm film with an aspect ratio of 1.77(16 x 9) is required. Master
videotapes must be Panasonic HD D5 tape stock.

Video shall adhere to SMPTE 274m , item 9 of table 1, which outlines 1920x1080
progressive scan at a frame rate of 25 Hz. 1035 line material is not acceptable
for newly shot pieces.

Vertical blanking should fall within SMPTE 274M specifications, as stated in
section 14 "Analog Synch" and section 15 "Analog Interface" and in ITU-R
specification BT.709-4. The vertical blanking interval should equal lines 1-41
and lines 1122-1125 in this progressive scanning format.

Horizontal blanking should fall within SMPTE 274M specifications, as stated in
section 14 "Analog Synch" and section 15 "Analog Interface" and in ITU-R
specification BT.709-4. Horizontal blanking should be between 714 clock periods
and a maximum of 726 clock periods.

Video white levels should not exceed 700mV for component signals, and program
black levels should not extend below 0 Vdc. Neither the program luminance whites
nor blacks should be clipped excessively. For color difference signals R-Y and
B-Y, levels shall not exceed 700 mV or fall below 0 mV when set at a 350 mV
offset.

Each program shall be preceded with a minimum of 1 minute of SMPTE or EIA color
bars (75% chroma amplitude) and a reference tone of 1000 or 400 Hz, followed by
a 15 second slate, a countdown and 2 seconds of black before start of program.
The tape must have a minimum of 30 seconds of black following the last program
picture and audio. The program material must be representative of the audio and
video reference signals.

Timecode - SMPTE DROPFRAME TIMECODE IS MANDATORY. Time code shall adhere to
SMPTE 12M, "Time and Control Code". Program start time code must read
01:00:00:00. Time code should be continuous and free of errors, containing all
appropriate flagging bits.

                                                              Exhibit G - Page 5

<PAGE>

All time code references, i.e. vertical interval time code, (VITC), longitudinal
time code. (LTC) or audio sector time code on Digital formats (ASTC) MUST match
exactly.

                                                              Exhibit G - Page 6

<PAGE>

                                    EXHIBIT H
                       ADJUSTED GROSS REVENUES - ALL MEDIA
                                  TRV RECEIVES

         1.       As used herein:

                  1.1      "Gross Revenues" shall mean all sums actually
received by Producer, its parents, subsidiaries and affiliates from the
exploitation of the Program in any and all media provided that:

                           (a)      Gross Revenues shall be determined after all
refunds, returns, credits, discounts, allowances and adjustments;

                           (b)      Returnable advance payments shall not be
included in Gross Revenues until actually earned by Producer; and

                           (c)      Producer shall have the right to withhold
from Gross Revenues a reserve of ** percent (**%) of Gross Revenues for returns
in connection with any Home Video exploitation of the Program, provided that
each addition to the reserve is liquidated within one (1) year of its
establishment.

                  1.2      "Adjusted Gross Revenues" shall mean Gross Revenues
remaining after the deduction therefrom on a continuing basis of the following
in the order set forth below:

                           (a)      Producer's "Distribution Fees" as set forth
                           below;

                           (b)      Producer's "Distribution Expenses" as set
                           forth below; and

                           (c)      A one-time only deduction of ** Dollars
                           ($**).

                  1.3      Producer's "Distribution Fees" shall be Producer's
customary distribution fees in connection with the exploitation of the Program
in the respective media, provided such Distribution Fees shall not exceed **
percent (**%) of Gross Revenues. In the event that Producer engages the services
of a subdistributor in connection with the exploitation of its rights, the
Producer shall not be entitled to retain Distribution Fees.

                  1.4      Producer's "Distribution Expenses" shall include
third party costs, charges and expenses incurred by Producer in connection with
versioning, distributing, exhibiting, advertising, promoting, and exploiting the
applicable rights in the Program, up to a maximum of **% of Gross Revenues.

                  1.5      In calculating Adjusted Gross Revenues hereunder,
there shall be no cross-collateralization of revenues and expenses among media.

         2.       Producer shall render to TRV periodic statements prepared by
an authorized agent of Producer showing, in summary form, the calculation of all
Adjusted Gross Revenues pursuant to this Exhibit, which shall be accompanied by
TRV's share thereof, if any. Statements shall be rendered on a calendar quarter
basis, within sixty (60) days after the end of the quarter, for the first two
(2) years after the initial distribution of the Program for which Gross Revenues
are derived, and on a semi-annual basis thereafter, provided, however, that no
statements need be rendered for any accounting period in which no Gross Revenues
are received. Should Producer make any overpayment to TRV hereunder for any
reason, Producer shall have the right to deduct the amount of such overpayment
from any further monies owing to TRV hereunder, or may demand repayment from
TRV, in which event TRV shall promptly repay the same to Producer.

                                                              Exhibit H - Page 1

<PAGE>

         3.       TRV may, at its own expense, but not more than once each year,
audit Producer's records relating to the Program at the offices of Producer for
the purpose of verifying the payments made to TRV hereunder. Any such audit
shall be conducted only by a certified public accountant (subject to Producer's
reasonable approval) during normal business hours upon reasonable prior written
notice and shall not continue for more than thirty (30) consecutive days. TRV
shall not have the right to examine, inquire into or object to any matter
contained in any statement after the expiration of twelve (12) months from the
date of mailing of the statement. TRV's right to examine Producer's records
shall be limited to those relating specifically to the Program, and under no
circumstances shall TRV have the right to examine records relating to Producer's
business generally or to any other programs for the purpose of comparison or
otherwise. In the event that an audit by TRV discloses an underpayment of more
than ten percent (10%) to TRV, and such underpayment is not the subject of a
good faith dispute, Producer shall reimburse TRV for the reasonable costs of
such audit.

         4.       Producer shall not be considered a trustee, pledgeholder,
fiduciary or agent of TRV by reason of anything done or any money collected by
it, and shall not be obligated to segregate receipts from the Program from its
other funds. Producer shall not have any lien or other rights in or to the Gross
Revenues or Adjusted Gross Revenues of the Program, it being understood that the
references thereto are intended solely for the purpose of determining the amount
of monies payable to TRV hereunder, if any. Producer shall have the complete
authority to license, market and exploit the Program and all rights therein, or
to refrain from so doing, as it may choose in its sole discretion, and TRV
acknowledges that Producer is not in any way making any representations or
guarantees of any kind whatsoever regarding the amount of Adjusted Gross
Revenues which may be received from the exploitation of the Program.

                                                              Exhibit H - Page 2

<PAGE>

                                    EXHIBIT I
                               SPECIALS AMENDMENT

                            FIVE (4) PAGES TO FOLLOW

                                                                       Exhibit I

<PAGE>

                             AS OF NOVEMBER 3, 2003

World Poker Tour
Attn: Steve Lipscomb
1041 North Formosa Avenue
Suite 99
West Hollywood, CA, 90446

         Re:      "WORLD POKER TOUR" - AMENDMENT NUMBER 2 TO SEASON 2 TERM SHEET
                  (CONTRACT #; WPT002/COP/TRV/PL/SC/CG)

Dear Ladies and Gentlemen:

         Reference is made to (i). that certain master agreement (the "Master
Agreement") dated as of January 22, 2003 between WORLD POKER TOUR ("Producer's
and THE TRAVEL CHANNEL, L.L.C. ("TRY"); (ii) that certain agreement attached to
the Master Agreement (the "Attachment"), dated as of. January 22, 2003 between
Producer and TRV in connection with the first season of the television
production currently known as "The World Poker Tour" (the "Tour"); (iii) that
certain fully executed term sheet (the "Term Sheet"), undated, but executed on
July 25, 2003, between Producer and TRV in connection with the second and,
potentially, subsequent seasons of the Program and the Tour, which such Term
Sheet incorporates certain terms and conditions of the Master Agreement and- the
Attachment; and (iv) that certain fully executed Amendment to Season 2 Term
Sheet (the "First Amendment"), dated as of September 5, 2003. The Master
Agreement, the Attachment and the Term Sheet, as amended by the First Amendment,
are collectively hereinafter. referred to as the "Agreement".

         Except as otherwise defined herein, capitalized terms used but not
defined herein shall have the meanings set forth in the Agreement. The parties
hereby agree that the Agreement shall. be supplemented. and amended as follows:

         1.       Producer hereby agrees to produce one (1) two hour Special
(i.e. one of the four (4) Specials to be delivered pursuant to the Agreement)
currently entitled "Travel Channel's World Poker Tour Battle of the Champions"
(the "First Special")

         2.       Producer and TRV acknowledge and agree, notwithstanding
anything to the contrary contained in the Agreement, that TRV shall have the
right to grant to NBC (including its parents, subsidiaries and affiliates) the
light to broadcast the First Special via Standard Television one (1) time on
NBC-affiliated networks.

         3.       In full consideration for the performance by Producer of its
obligations hereunder and under the Agreement in connection with the First
Special, TRV agrees to pay Producer, and Producer agrees to accept, a License
Fee in the amount of ** Dollars (USD $**) for the First Special.

         4.       The production and exploitation of the First Special are in
all respects subject to the terms of the Agreement, as the same may be amended
from time to time, except as amended hereby, provided that, the First Special is
not deemed to be an Additional Episode under the terms of the Agreement, and the
First Special is not in lieu of an existing Episode or tour event.

         5.       The License Fee respecting the First Special shall be payable
in accordance with the Agreement (i.e. in. accordance with the reasonable cash
flow needs of production), but in no errant later than the complete Delivery of
the final Program Materials in accordance with the Agreement.

                                                              Exhibit I - Page 1

<PAGE>

         6.       The Production Schedule applicable to the First Special shall
be provided by producer based on the actual production needs and shall be
subject to TRV's approval and shall be consistent with the requirements of NBC
of which Producer has bean informed; provided that, Producer acknowledges and
agrees that it shall deliver the NBC Deliverables to TRV on or before January
24, 2004,

         7.       The Program Materials applicable to the First Spools) shall be
the same as the .Program Materials required pursuant to the Agreement for each
Episode, Producer acknowledges and agrees that, in addition, the Program
Materials for the First Special shall include, end, be consistent with, the
delivery materials and requirements. of NBC, which Producer has been advised of
in writing including the NBC Deliverables attached hereto as Exhibit A as such
NBC Deliverables may be amended from time to- time provided that Producer has
been informed in writing of such changes.

         8.       Producer shall have the promotion rights sot forth in the Term
Sheet with regards -to the programs. In addition, Producer agrees to cite with
NBC and/or TRV with regards to reasonable publicity and promotional requests
related to the promotion of the Special.

         9.       Producer acknowledges that TRV, shall be the "title sponsor"
of the First Special, and that, notwithstanding any other prevision of the
Agreement, Producer shall not be entitled to receive additional compensation
from TRV as a milt of such "title sponsorship" or as a result of additional
amounts received by TRV from NBC is connection with the First Special.

         10.      Producer acknowledges and agrees that Producer shall deliver
to TRV two (2) distinct versions of the Special. One version of the Special
shall reflect the TRV Program Materials and requirements and the other version
shall reflect the NBC Deliverables as attached.

         11.      Producer acknowledges. and agrees that it is clearly in
Producer's best interest to protect its valuable intellectual property and trade
secrets and Producer will be taking reasonable efforts . to protect its
intellectual property and trade secrets.

Except as otherwise herein expressly amended and supplemented, the Agreement is
in all other aspects hereby ratified and confirmed. Please acknowledge your
acceptance of the. foregoing by signing in the space provided below.

                                           Very truly yours,

                                           TRAVEL CHANNEL, L.L.C.

                                           By: /s/ Robert Reid
                                               ---------------------------------
                                           Printed Name: Robert Reid
                                           Title: Executive Vice President and
                                                  General Manager
                                           Date:  November 4, 2003

WORLD POKER TOUR, LLC

By: /s/ Steven Lipscomb
    ----------------------------------
Printed Name: Steven Lipscomb
Title: Chief Executive Manager
Date: November 3, 2003

                                                              Exhibit I - Page 2

<PAGE>

                                    EXHIBIT A

                                NBC DELIVERABLES

EACH PROGRAM DELIVERED TO NBC SPOTS FOR AIR MAST COMPLY WITH THE FOLLOWING
REQUIREMENTS:

FORMAT:

Panasonic D3, Sony DIGIBETA or Sony BETA SP
(in order of preferred format)

TIMECODE:

The "BLACK BASIC" should begin at 00:58:00
00:58:30-00:59:30.       60 SECONDS OF BARS
00:59:30 - 00:59:58      28 SECONDS OF BLACK
00:59:58 - 00:59:58.15   15 FRAMES OF SLATE
00:59:58-15-01:00:00     45 FRAMES OF BLACK OR VIDEO PAD OF

SEG 1

01:00:00                 SEGMENT 1

         The SUBSEQUENT SEGMENTS should begin at the NEXT convenient MINUTE
mark.

VIDEO:

VIDEO PAD at the TOP OF SEGNOM is desirable. If not possible, please fade up
from BLACK.

As tong as it is not offensive, please leave :05 OF PAD at the END OF SEGMENTS.
Again, if it is not available or useable, fade the segment to BLACK.

AUDIO:

STEREO ON TRACKS 1 & 2 MIX MINUS THE ANNOUNCE ON TRACKS 3 & 4

GRAPHICS:

All programs that air on NBC Sports must use the NBC Sports insert "look". NBC
Sports graphics must be created on Pinnacle's FX Deko II. NBC can provide a Deko
graphics disk if you have access to a Deko with clip player. Arrangements can
also be made to do a graphics pass at NBC.

ANIMATIONS:

Our NBC Sports Graphic Department can assist you in developing animations for
your show. Please coordinate this through your NBC Producer. Also, please
provide us with your event logo. Adobe Illustrator EPS is the preferred format.
We need this . several weeks before the event takes place so that we can
incorporate your logo with our NBC Peacock far your show logo/title. Also,
please supply us with logos for any sponsored elements that must go on the
insert graphics or on tape enhancements. We will also send out a tape of NBC
replay moves and transitions that should be used. Actually it will be 2 tapes:
video on one and key on the other. If you do not have a device to play back
replay moves, like an Attache or Accom, we will provide a bar to be used as a
slab side. Please let us know the date when you will need these items.

                                                              Exhibit I - Page 3

<PAGE>

BILLBOARDS:

NBC Sports Specials can use your show opening animation and music for
Billboards. We prefer to have Billboards air at the gad of segments. But
exceptions are made. BILLBOARD BEDS should be on a SEPARATE TAPE instead of
attached to segments.

PAPERWORK:

Paperwork MUST accompany completed programs before they Paperwork consists of a
Show ROUTINE (RUNDOWN, FORMAT) as well as a SEGMENT REEL SHEET. Examples of a
ROUTINE (RUNDOWN, FORMAT) and SEGMENT REAL SHEET are attached. If your show
follows e live event and is therefore collapsible, you mast include notes on
order of cuts. Your NBC Produce can tell you if you fallow a live event.

DELIVERY DATE:

The finished show tags and paperwork must be received at NBC on or before the
Thursday prior to the scheduled airing of your show. . Exceptions may be made
where circumstances warrant only when discussed in advance with NBC. Please keep
in touch with us and lot us know when to expect your tape and paperwork. If
available, paperwork can always be faxed to us before the edit is done
(212-664-3602 & 212-654-4469), or after the tape has been shipped.

The tape should be shipped to:    Ms. Laura Klein
                                  NBC Sports
                                  30 Rockefeller Plaza Room 1443E
                                  New York, NY 10112
                                  (212) 664-4468
                                  (212) 664-4469 (fax)

Please address any questions to your NBC Producer or contact John Gilmartin at
(212) 664-2140.

                                                              Exhibit I - Page 4

<PAGE>

              PART OF AGREEMENT BETWEEN THE TRAVEL CHANNEL, L.L.C.
                           AND WORLD POKER TOUR L.L.C.
                           DATED AS OF AUGUST 22, 2003

                                    EXHIBIT J
                            ANHEUSER-BUSCH AMENDMENT

                            THREE (3) PAGES TO FOLLOW

                                                              Exhibit J - Page 1

<PAGE>

                             AS OF NOVEMBER 11, 2003

World Poker Tour
Attn: Steve Lipscomb
1041 North Formosa Avenue
Suite 99
West Hollywood, CA 90046

         RE:      "WORLD POKER TOUR" - AMENDMENT NUMBER 3 TO SEASON 2 TERM SHEET
                  (CONTRACT #: WPT002/COP/TRV/PL/SC/CG)

Dear. Ladies and Gentlemen:

         Reference is made to (i) that certain master agreement (the. "Master
Agreement") dated as of January 22, 2003 between WORLD POKER TOUR ("Producer")
and THE TRAVEL CHANNEL, L.L.C. ("TRV"); (ii) that certain agreement attached to
the Master Agreement (the "Attachment"), dated as of January 22, 2003 between
Producer and TRV in connection with the first season of the television
production currently known as "The World Poker Tour" (the "Tour"); (iii) that
certain fully executed term sheet (the "Term Sheet"), undated, but executed on
July 25, 2003, between Producer and TRV in connection with the second and,
potentially, subsequent seasons of the Program and the Tour, which such Term
Sheet incorporates certain terms and conditions of the Master Agreement and the
Attachment; (iv) that certain fully executed Amendment to Season 2 Term Sheet
(the "First Amendment"), dated as of September 5, 2003; and (v) that certain
fully executed Amendment Number 2 to Season 2 Term Sheet (the "Second
Amendment"), dated as of October 30, 2003. The Master Agreement, the Attachment
and the Term Sheet, as amended by the First Amendment and the Second Amendment,
are collectively hereinafter referred to as the "Agreement".

         Except as otherwise defined herein, capitalized terms used but not
defined herein shall have the meanings set forth in the Agreement.

         Producer and TRV acknowledge and agree, notwithstanding anything to the
contrary contained in the Agreement and only for the limited purposes set forth
herein and in Exhibit A, that Producer shall have the right to grant to
Anheuser-Busch, Inc. ("AB") certain "secondary sponsorship" rights in connection
with the Episodes and Specials comprising the Program, which such rights shall
be substantially in the form of the rights described on the Sponsorship
Agreement, dated as of November 12, 2003, between AB and Producer, as set. forth
on Exhibit A (attached hereto and incorporated herein by reference) as such
memorandum and agreement shall be modified pursuant to good faith negotiation
between Producer and AB (collectively, the "AB Sponsorship Rights"). TRV
acknowledges and agrees that AB is being accorded rights of first negotiation
and first refusal for subsequent seasons of the Program (which such AB right of
first negotiation expires on May 31, 2004), and that Producer has the right to
grant sponsorship rights to AB only for the 2004/05 season of the World Poker
Tour pursuant to such negotiations; provided that such rights granted in
connection with the 2004/05 season are not .materially inconsistent with the AB
Sponsorship rights granted in connection with the 2003/04 season (the

<PAGE>

parties acknowledge that if such rights proposed to be granted in connection
with the 2004/05 season are materially inconsistent with the AB Sponsorship
rights, then Producer shall not be permitted to enter into the 2004/05 agreement
without TRV's prior written consent). For purposes of clarity, Producer
acknowledges and agrees that, apart from the permission to grant the AB
Sponsorship Rights to AB s set for herein, Producer has not acquired any
additional, sponsorship rights beyond those. rights granted to and/or retained
by Producer in the Agreement.

         Except as otherwise herein expressly amended and supplemented, the
Agreement is in all other aspects hereby ratified and confirmed.

<PAGE>

         Please acknowledge your acceptance of the foregoing by signing in the
space provided below.

                                            TRAVEL CHANNEL, L.L.C.

                                            By: /s/ William M. Campbell
                                                --------------------------------
                                            Printed Name: William M. Campbell
                                            Title: President, U.S. Networks
                                            Date: February 20, 2004

WORLD POKER TOUR, LLC

By: /s/ Steven Lipscomb
    ------------------------------
Printed Name: Steven Lipscomb
Title: Chief Executive Manager
Date: February 19, 2004

<PAGE>

              PART OF AGREEMENT BETWEEN THE TRAVEL CHANNEL, L.L.C.
                           AND WORLD POKER TOUR L.L.C.
                           DATED AS OF AUGUST 22, 2003
                                    EXHIBIT A

                            WPT/ANHEUSER-BUSCH, INC.

                MEMORANDUM OF BASIC TERMS AS OF NOVEMBER 10, 2003

-   ONE (1) :10 sec ANIMATED BB AND ONE (1) FEATURE (POKER CORNER) IN EACH
      TELECAST

-   FULL EXCLUSIVITY BEER AND 'MALTERNATIVES' FOR ALL SPONSORSHIP ELEMENTS

-   TWO (2) LOGO PLACEMENTS ON THE TABLE FELT

         -   LOGOS TO BE PROMINENTLY DISPLAYED FOR ON-AIR VISIBILTY, CONSISTENT
             WITH PLACEMENT OBJECTIVES FOR WPT, MEMBER CASINOS AND WPT TITLE
             SPONSOR.

-   LOGO USAGE AND "OFFICIAL BEER OF WPT" DESIGNATION

-   ONE (1) BANNER TO BE PLACED IN PROMINENT LOCATIONS FOR ON-SITE AS WELL AS
      ON-AIR VISIBILTTY CONSISTENT WITH PLACEMENT OBJECTIVES FOR WPT TTTLE
      SPONSOR

-   LOGO AND LINK THROUGHOUT THE WPT WEB-SITE (MINIMUM OF ** IMPRESSIONS)

-   FOUR (4) RESERVED SEATS AT EACH VENUE

-   TWO (2) ENTRIES IN WPT INVITATIONAL PRO-CELEBRITY EVENT

-   ESCORTED VIP GUEST ACCESS TO PLAYER LOUNGE AND BEHIND-THE-SCENES AREAS

-   RIGHT TO PROVIDE ANHEUSER BUSCH PRODUCTS EXCLUSIVELY IN PLAYERS LOUNGE

-   ROOM DISCOUNTS AT WPT MEMBER HOTELS

-   ONE (1) MEET-AND-GREET/VIP RECEPTION FOR TEN (10) PEOPLE HOSTED BY PRO OR
      WPT HOST AT ONE EVENT AT THE LOCATION OF SPONSOR'S CHOICE

-   PRODUCT SAMPLING AND PROMOTIONAL DISPLAYS WHERE LEGAL

-   A-B SPONSORSHIP FEE: $** (NET)

-   FIRST RIGHT OF REFUSAL FOR ALL ELEMENTS FOR THE 2004/05 WPT SEASON

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00065-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00065-of-00352.parquet"}]]