Document:

<PAGE>

                                                                   Exhibit 10.11

                            INDEMNIFICATION AGREEMENT

        THIS INDEMNIFICATION AGREEMENT (the "AGREEMENT") is made and entered
into this 17th day of May, 2002 between J2 Communications, a California
corporation (the "COMPANY") and Daniel S. Laikin ("INDEMNITEE").

                                WITNESSETH THAT:

        WHEREAS, the Board of Directors of the Company having adopted the Second
Amended and Restated Articles of Incorporation (the "CERTIFICATE") permitting
the Board of Directors to indemnify certain agents and employees designated by
the Board of Directors (the "OFFICERS") and directors (the "DIRECTORS") of the
Company; and

        WHEREAS, the Certificate and Section 317 of the California General
Corporation Law, as amended ("LAW"), permits the Company to indemnify its
Officers and Directors; and

        WHEREAS, as a result of recent developments affecting the terms, scope
and availability of D & O Insurance there exists general uncertainty as to the
extent of protection afforded the Company's Officers and Directors by such D&O
Insurance and said uncertainty also exists under statutory and bylaw
indemnification provisions; and WHEREAS, in order to induce Indemnitee to serve
as an officer and a director of the Company, the Company has determined and
agreed to enter into this contract with Indemnitee;

        NOW, THEREFORE, in consideration of Indemnitee's service as an Officer
and a Director after the date hereof, the parties hereto agree as follows:

        1. Indemnity of Indemnitee. The Company hereby agrees to hold harmless
and indemnity Indemnitee to the fullest extent authorized or permitted by the
provisions of the Law, as such may be amended from time to time, and Article IV
of the Certificate, as such may be amended. The benefits afforded hereby may not
be reduced at a subsequent date without the express written permission of the
Indemnitee. In furtherance of the foregoing indemnification, and without
limiting the generality thereof:

                (a) Proceedings Other Than Proceedings by or in the Right of the
Company. Indemnitee shall be entitled to the rights of indemnification provided
in this Section 1(a) if, by reason of his Corporate Status (as hereinafter
defined), he is, or is threatened to be made, a party to or participant in any
Proceeding (as hereinafter defined) other than a Proceeding by or in the right
of the Company. Pursuant to this Section 1(a), Indemnitee shall be indemnified
against all Expenses (as hereinafter defined), judgments, penalties, fines and
amounts paid in settlement actually and reasonably incurred by him

<PAGE>

or on his behalf in connection with such Proceeding or any claim, issue or
matter therein, if he acted in good faith and in a manner he reasonably believed
to be in or not opposed to the best interests of the Company and, with respect
to any criminal Proceeding, had no reasonable cause to believe his conduct was
unlawful.

                (b) Proceedings by or in the Right of the Company. Indemnitee
shall be entitled to the rights of indemnification provided in this Section 1(b)
if, by reason of his Corporate Status, he is, or is threatened to be made, a
party to or participant in any Proceeding brought by or in the right of the
Company to procure a judgment in its favor. Pursuant to this Section 1(b),
Indemnitee shall be indemnified against all Expenses actually and reasonably
incurred by him or on his behalf in connection with such Proceeding if be acted
in good faith and in a manner he reasonably believed to be in or not opposed to
the best interests of the Company; provided, however, that, if applicable law so
provides, no indemnification against such Expenses shall be made in respect of
any claim, issue or matter in such Proceeding as to which Indemnitee shall have
been adjudged to be liable to the Company unless and to the extent that the
Superior Court of the State of California, or the court in which such Proceeding
shall have been brought or is pending, shall determine that such indemnification
may be made.

                (c) Indemnification for Expenses of a Party Who is Wholly or
Partly Successful.Notwithstanding any other provision of this Agreement, to the
extent that Indemnitee is, by reason of his Corporate Status, a party to and is
successful, on the merits or otherwise, in any Proceeding, he shall be
indemnified to the tiniest extent permitted by law against all Expenses actually
and reasonably incurred by him or on his behalf in connection therewith. If
Indemnitee is not wholly successful in such Proceeding but is successful, on the
merits or otherwise, as to one or more but less than all claims, issues or
matters in such Proceeding, the Company shall indemnify Indemnitee against all
Expenses actually and reasonably incurred by him or on his behalf in connection
with each successfully resolved claim, issue or matter. For purposes of this
Section and without limitation, the termination of any claim, issue or matter in
such a Proceeding by dismissal, with or without prejudice, shall be deemed to be
a successful result as to such claim, issue or matter.

        2. Additional Indemnity.

                (a) Subject only to the exclusions set forth in Section 2(b)
hereof, the Company hereby further agrees to hold harmless and indemnify
Indemnitee against any and all Expenses, judgments, fines and amounts paid in
settlement actually and reasonably incurred by Indemnitee in connection with any
Proceeding (including an action by or on behalf of the Company) to which
Indemnitee is, was or at any time becomes a party, or is threatened to be made a
party, by reason of his Corporate Status; provided, however, that with respect
to actions by or on behalf of the Company, indemnification of Indemnitee against
any judgments shall be made by the Company only as authorized in the specific
case upon a determination that Indemnitee acted in good faith and in a manner he
reasonably believed to be in or not opposed to the best interests of the
Company; and

<PAGE>

                (b) No indemnity pursuant to this Section 2 shall be paid by the
Company:

                        (i) In respect to remuneration paid to Indemnitee if it
                shall be determined by a final judgment or other final
                adjudication that such remuneration was in violation of law;

                        (ii) On account of any suit in which judgment is
                rendered against Indemnitee for an accounting of profits made
                from the purchase or sale by Indemnitee of securities of the
                Company pursuant to the provisions of Section 16(b) of the
                Securities Exchange Act of 1934 and amendments thereto or
                similar provisions of any federal, state or local statutory law;

                        (iii) On account of Indemnitee's conduct which is
                finally adjudged to have been knowingly fraudulent or
                deliberately dishonest, or to constitute willful misconduct; or

                        (iv) If a final decision by a court having jurisdiction
                in the matter shall determine that such indemnification is not
                lawful.

        3. Contribution. If the indemnification provided in Sections 1 and 2 is
unavailable and may not be paid to Indemnitee for any reason other than those
set forth in paragraphs (i), (ii) and (iii) of Section 2(b), then in respect to
any Proceeding in which the Company is jointly liable with Indemnitee (or would
be if joined in such Proceeding), the Company shall contribute to the amount of
Expenses, judgments, fines and amounts paid in settlement actually and
reasonably incurred and paid or payable by Indemnitee in such proportion as is
appropriate to reflect (i) the relative benefits received by the Company on the
one hand and by the Indemnitee on the other hand from the transaction from which
such Proceeding arose, and (ii) the relative fault of the Company on the one
hand and of the Indemnitee on the other hand in connection with the events which
resulted in such Expenses, judgments, fines or settlement amounts, as well as
any other relevant equitable considerations. The relative fault of the Company
on the one band and of the Indemnitee on the other hand shall be determined by
reference to, among other things, the parties' relative intent, knowledge,
access to information and opportunity to correct or prevent the circumstances
resulting in such Expenses, judgments, fines or settlement amounts. The Company
agrees that it would not be just and equitable if contribution pursuant to this
Section 3 were determined by pro rata allocation or any other method of
allocation which does not take account of the foregoing equitable
considerations.

        4. Indemnification for Expenses of a Witness. Notwithstanding any other
provision of this Agreement, to the extent that Indemnitee is, by reason of his
Corporate Status, a witness in any Proceeding to which Indemnitee is not a
party, he shall be indemnified against all Expenses actually and reasonably
incurred by him or on his behalf in connection therewith.

        5. Advancement of Expenses. Notwithstanding any other provision of this

<PAGE>

Agreement, the Company shall advance all reasonable Expenses incurred by or on
behalf of Indemnitee in connection with any Proceeding by reason of Indemnitee's
Corporate Status within ten days after the receipt by the Company of a statement
or statements from Indemnitee requesting such advance or advances from time to
time, whether prior to or after final disposition of such Proceeding. Such
statement or statements shall reasonably evidence the Expenses incurred by
Indemnitee and shall include or be preceded or accompanied by an undertaking by
or on behalf of Indemnitee to repay any Expenses advanced if it shall ultimately
be determined that Indemnitee is not entitled to be indemnified against such
Expenses. Any advances and undertakings to repay pursuant to this Section 5
shall be unsecured and interest free. Notwithstanding the foregoing, the
obligation of the Company to advance Expenses pursuant to this Section 5 shall
be subject to the condition that, if, when and to the extent that the Company
determines that Indemnitee would not be permitted to be indemnified under
applicable law, the Company shall be entitled to be reimbursed, within thirty
(30) days of such determination, by Indemnitee (who hereby agrees to reimburse
the Company) for all such amounts theretofore paid; provided, however, that if
Indemnitee has commenced or thereafter commences legal proceedings in a court of
competent jurisdiction to secure a determination that Indemnitee should be
indemnified under applicable law, any determination made by the Company that
Indemnitee would not be permitted to be indemnified under applicable law shall
not be binding and Indemnitee shall not be required to .reimburse the Company
for any advance of Expenses until a final judicial determination is made with
respect thereto (as to which all rights of appeal therefrom have been exhausted
or lapsed).

        6. Procedure for Determination of Entitlement to Indemnification.

                (a) To obtain indemnification (including, but not limited to,
the advancement of Expenses and contribution by the Company) under this
Agreement, Indemnitee shall submit to the Chief Executive Officer (if Indemnitee
is not then serving as the Chief Executive Officer) or Chief Financial Officer a
written request, including therein or therewith such documentation and
information as is reasonably available to Indemnitee and is reasonably necessary
to determine whether and to what extent Indemnitee is entitled to
indemnification. The Secretary or any Assistant Secretary of the Company shall,
promptly upon receipt of such a request for indemnification, advise the Board of
Directors in writing that Indemnitee has requested indemnification.

                (b) Upon written request by Indemnitee for indemnification
pursuant to the first sentence of Section 6(a) hereof, a determination, if
required by applicable law, with respect to Indemnitee's entitlement thereto
shall be made in the specific case:

                        (i) if a Change in Control (as hereinafter defined)
                shall have occurred, by Independent Counsel (as hereinafter
                defined) in a written opinion to the Board of Directors, a copy
                of which shall be delivered to Indemnitee (unless Indemnitee
                shall request that such determination be made by the Board of
                Directors or the stockholders, in which case the determination
                shall be made in the manner provided in Clause (ii) below), or

<PAGE>

                        (ii) if a Change in Control shall not have occurred, (A)
                by the Board of Directors by a majority vote of a quorum
                consisting of Disinterested Directors (as hereinafter defined),
                or (B) if a quorum of the Board of Directors consisting of
                Disinterested Directors is not obtainable or, even if
                obtainable, said Disinterested Directors so direct, by
                Independent Counsel in a written opinion to the Board of
                Directors, a copy of which shall be delivered to Indemnitee, or
                (C) if so directed by said Disinterested Directors, by the
                stockholders of the Company. If it is determined that Indemnitee
                is entitled to indemnification, payment to Indemnitee shall be
                made within ten (10) days after such determination. Indemnitee
                shall cooperate with the person, persons or entity making such
                determination with respect to Indemnitee's entitlement to
                indemnification, including providing to such person, persons or
                entity upon reasonable advance request any documentation or
                information which is not privileged or otherwise protected from
                disclosure and which is reasonably available to Indemnitee and
                reasonably necessary to such determination. Any Independent
                Counsel, member of the Board of Directors, or stockholder of the
                Company shall act reasonably and in good faith in making a
                determination under the Agreement of the Indemnitee's
                entitlement to indemnification. Any Expenses incurred by
                Indemnitee in so cooperating with the person, persons or entity
                making such determination shall be borne by the Company
                (irrespective of the determination as to Indemnitee's
                entitlement to indemnification) and the Company hereby
                indemnifies and agrees to hold Indemnitee harmless therefrom.

                (c) If the determination of entitlement to indemnification is to
be made by Independent Counsel pursuant to Section 6(b) hereof, the Independent
Counsel shall be selected as provided in this Section 6(c). If a Change in
Control shall not have occurred, the Independent Counsel shall be selected by
the Board of Directors, and the Company shall give written notice to Indemnitee
advising him of the identity of the Independent Counsel so selected. If a Change
in Control shall have occurred, the Independent Counsel shall be selected by
Indemnitee (unless Indemnitee shall request that such selection be made by the
Board of Directors, in which event the preceding sentence shall apply), and
Indemnitee shall give written notice to the Company advising it of the identity
of the Independent Counsel so selected. In either event, Indemnitee or the
Company, as the case may be, may, within 10 days after such written notice of
selection shall have been given, deliver to the Company or to Indemnitee, as the
case may be, a written objection to such selection; provided, however, that such
objection may be asserted only on the ground that the Independent Counsel so
selected does not meet the requirements of "Independent Counsel" as defined in
Section 14 of this Agreement, and the objection shall set forth with
particularity the factual basis of such assertion. Absent a proper and timely
objection, the person so selected shall act as Independent Counsel. If a written
objection is made and substantiated, the Independent Counsel selected may not
serve as Independent Counsel unless and until such objection is withdrawn or a
court has determined that such objection is without merit. If, within 20 days
after submission by

<PAGE>

Indemnitee of a written request for indemnification pursuant to Section 6(a)
hereof, no Independent Counsel shall have been selected and not objected to,
either the Company or Indemnitee may petition the Superior Court of the State of
California or other court of competent jurisdiction for resolution of any
objection which shall have been made by the Company or Indemnitee to the other's
selection of Independent Counsel and/or for the appointment as independent
Counsel of a person selected by the court or by such other person as the court
shall designate, and the person with respect to whom all objections are so
resolved or the person so appointed shall act as Independent Counsel under
Section 6(b) hereof. The Company shall pay any and all reasonable fees and
expenses of Independent Counsel incurred by such Independent Counsel in
connection with acting pursuant to Section 6(b) hereof, and the Company shall
pay all reasonable fees and expenses incident to the procedures of this Section
6(c), regardless of the manner in which such Independent Counsel was selected or
appointed. Upon the due commencement of any judicial proceeding or arbitration
pursuant to Section 8(a)(iii) of this Agreement, Independent Counsel shall be
discharged and relieved of any further responsibility in such capacity (subject
to the applicable standards of professional conduct then prevailing).

                (d) The Company shall not be required to obtain the consent of
the indemnitee to the settlement of any Proceeding which the Company has
undertaken to defend if the Company assumes full and sole responsibility for
such settlement and the settlement grants the Indemnitee a complete and
unqualified release in respect of the potential liability.

        7. Presumptions and Effect of Certain Proceedings.

                (a) In making a determination with respect to entitlement to
indemnification hereunder, the person or persons or entity making such
determination shall presume that Indemnitee is entitled to indemnification under
this Agreement if Indemnitee has submitted a request for indemnification in
accordance with Section 6(a) of this Agreement, and the Company shall have the
burden of proof to overcome that presumption in connection with the making by
any person, persons or entity of any determination contrary to that presumption.

                (b) If the person, persons or entity empowered or selected under
Section 5 of this Agreement to determine whether Indemnitee is entitled to
indemnification shall not have made a determination within thirty(30) days after
receipt by the Company of the request therefor, the requisite determination of
entitlement to indemnification shall be deemed to have been made and Indemnitee
shall be entitled to such indemnification, absent

                        (i) a misstatement by Indemnitee of a material fact, or
                an omission of a material fact necessary to make Indemnitee's
                statement not materially misleading, in connection with the
                request for indemnification, or (ii) a prohibition of such
                indemnification under applicable law; provided, however, that
                such 30 day period may be extended for a reasonable time, not to
                exceed an additional fifteen (15) days, if the person, persons
                or

<PAGE>

                entity making the determination with respect to entitlement to
                indemnification in good faith requires such additional time for
                the obtaining or evaluating documentation and/or information
                relating thereto; and provided, further, that the foregoing
                provisions of this Section 7(b) shall not apply if the
                determination of entitlement to indemnification is to be made by
                the stockholders pursuant to Section 5(b) of this Agreement and
                if(A) within fifteen (15) days after receipt by the Company of
                the request for such determination the Board of Directors or the
                Disinterested Directors, if appropriate, resolve to submit such
                determination to the stockholders for their consideration at an
                annual meeting thereof to be held within seventy-five (75) days
                after such receipt and such determination is made thereat, or
                (B) a special meeting of' stockholders is called within fifteen
                (15) days after such receipt for the purpose of making such
                determination, such meeting is held for such purpose within
                sixty (60) days after having been so called and such
                determination is made thereat, or (iii) if the determination of
                entitlement to indemnification is to be made by Independent
                Counsel pursuant to Section 6(b) of this Agreement.

                (c) The termination of any Proceeding or of any claim, issue or
matter therein, by judgment, order, settlement (with or without court approval),
conviction, or upon a plea of nolo contendre or its equivalent, shall not
(except as otherwise expressly provided in this Agreement) of itself adversely
affect the right of Indemnitee to indemnification or create a presumption that
Indemnitee did not act in good faith and in a manner which he reasonably
believed to be in or not opposed to the best interests of the Company or, with
respect to any criminal Proceeding, that Indemnitee had reasonable cause to
believe that his conduct was unlawful.

                (d) For purposes of any determination of good faith, Indemnitee
shall be deemed to have acted in good faith if Indemnitee's action is based on
the records or books of account of the Enterprise (as hereinafter defined),
including financial statements, or on information supplied to Indemnitee by the
Officers and Directors of the Enterprise in the course of their duties, or on
the advice of legal counsel for the Enterprise or on information or records
given or reports made to the Enterprise by an independent certified public
accountant or by an appraiser or other expert selected with reasonable care by
the Enterprise. In addition, the knowledge and/or actions, or failure to act, of
any director, officer, agent or employee of the Enterprise shall not be imputed
to Indemnitee for purposes of determining the right to indemnification under
this Agreement. The provisions of this Section 7(d) shall not be deemed to be
exclusive or to limit in any way the other circumstances in which the Indemnitee
may be deemed to have met the applicable standard of conduct set forth in this
Agreement.

        8. Remedies of Indemnitee.

                (a) In the event that:

<PAGE>

                        (i) a determination is made pursuant to Section 6 of
                this Agreement that Indemnitee is not entitled to
                indemnification under this Agreement,

                        (ii) advancement of Expenses is not timely made pursuant
                to Section 5 of this Agreement,

                        (iii) no determination of entitlement to indemnification
                shall have been made pursuant to Section 6(b) of this Agreement
                within ninety (90) days after receipt by the Company of the
                request for indemnification,

                        (iv) payment of indemnification is not made pursuant to
                Section 3 or 4 of this Agreement within ten (10) days after
                receipt by the Company of a written request therefor, or

                        (v) payment of indemnification is not made within ten
                (10) days after a determination has been made that Indemnitee is
                entitled to indemnification or such determination is deemed to
                have been made pursuant to Section 6 or 7 of this Agreement,
                Indemnitee shall be entitled to an adjudication in an
                appropriate court of the State of California, or in any other
                court of competent jurisdiction, of his entitlement to such
                indemnification. Alternatively, Indemnitee, at his option, may
                seek an award in arbitration to be conducted by a single
                arbitrator pursuant to the Commercial Arbitration Rules of the
                American Arbitration Association. Indemnitee shall commence such
                proceeding seeking an adjudication or an award in arbitration
                within one hundred eighty (180) days following the date on which
                Indemnitee first has the right to commence such proceeding
                pursuant to this Section 8(a). The Company shall not oppose
                Indemnitee's right to seek any such adjudication or award in
                arbitration.

                (b) In the event that a determination shall have been made
pursuant to Section 6(b) of this Agreement that Indemnitee is not entitled to
indemnification, any judicial proceeding or arbitration commenced pursuant to
this Section 8 shall be conducted in all respects as a de novo trial, or
arbitration, on the merits and Indemnitee shall not be prejudiced by reason of
that adverse determination.

                (c) If a determination shall have been made pursuant to Section
6(b) of this Agreement that Indemnitee is entitled to indemnification, the
Company shall be bound by such determination in any judicial proceeding or
arbitration commenced pursuant to this Section 8, absent:

                        (i) a misstatement by Indemnitee of a material fact, or
                an omission of a material fact necessary to make Indemnitee's
                statement not materially misleading, in connection with the
                request for indemnification, or

                        (ii) a prohibition of such indemnification under
                applicable law.

<PAGE>

                (d) In the event that Indemnitee, pursuant to this Section 8,
seeks a judicial adjudication of or an award in arbitration to enforce his
rights under, or to recover damages for breach of this Agreement, Indemnitee
shall be entitled to recover from the Company, and shall be indemnified by the
Company against, any and all expenses (of the types described in the definition
of Expenses in Section 14 of this Agreement) actually and reasonably incurred by
him in such judicial adjudication or arbitration, but only if he prevails
therein. If it shall be determined in said judicial adjudication or arbitration
that Indemnitee is entitled to receive part but not all of the indemnification
sought, the expenses incurred by Indemnitee in connection with such judicial
adjudication or arbitration shall be appropriately prorated. The Company shall
indemnify Indemnitee against any and all expenses and, if requested by
Indemnitee, shall (within ten (10) days after receipt by the Company of a
written request therefor) advance such expenses to Indemnitee, which are
incurred by Indemnitee in connection with any action brought by Indemnitee to
recover under any Directors' and Officers' liability insurance policies
maintained by the Company, regardless of whether Indemnitee ultimately is
determined to be entitled to such indemnification, advancement of expenses or
insurance recovery, as the case may be.

                (e) The Company shall be precluded from asserting in any
judicial proceeding or arbitration commenced pursuant to this Section 8 that the
procedures and presumptions of this Agreement are not valid, binding and
enforceable and shall stipulate in any such court or before any such arbitrator
that the Company is bound by all the provisions of this Agreement.

        9. Non-Exclusivity; Survival of Rights; Insurance; Subrogation.

                (a) The rights of indemnification as provided by this Agreement
shall not be deemed exclusive of any other rights to which Indemnitee may at
anytime be entitled under applicable law, the Certificate, any agreement, a vote
of stockholders or a resolution of Directors, or otherwise. No amendment,
alteration or repeal of this agreement or of any provision hereof shall limit or
restrict any right of Indemnitee under this Agreement in respect of any action
taken or omitted by such Indemnitee in his Corporate Status prior to such
amendment, alteration or repeal. To the extent that a change in the Law, whether
by statute or judicial decision, permits greater indemnification than would be
afforded currently under the Certificate and this Agreement, it is the intent of
the parties hereto that Indemnitee shall enjoy by this Agreement the greater
benefits so afforded by such change. No right or remedy herein conferred is
intended to be exclusive of any other right or remedy, and every other right and
remedy shall be cumulative and in addition to every other right and remedy given
hereunder or now or hereafter existing at law or in equity or otherwise. The
assertion or employment of any right or remedy hereunder, or otherwise, shall
not prevent the concurrent assertion or employment of any other right or remedy.

                (b) To the extent that the Company maintains an insurance policy
or policies providing liability insurance for Directors, Officers, employees, or
agents or

<PAGE>

fiduciaries of the Company or of any other corporation, partnership, joint
venture, trust, employee benefit plan or other enterprise which such person
serves at the request of the Company, Indemnitee shall be covered by such policy
or policies in accordance with its or their terms to the maximum extent of the
coverage available fir any such director, officer, employee or agent under such
policy or policies. A minimum of One Million Dollars ($1,000,000) of insurance
shall be maintained at all times.

                (c) In the event of any payment under this Agreement, the
Company shall be subrogated to the extent of such payment to all of the rights
of recovery of Indemnitee, who shall execute all papers required and take all
action necessary to secure such rights, including execution of such documents as
are necessary to enable the Company to bring suit to enforce such rights;
provided, however, the Company may not be subrogated to any rights until
Indemnitee has been paid in full all amounts owed to him hereunder, or unless
Indemnitee shall have secured all benefits owing to him hereunder.

                (d) The Company shall not be liable under this Agreement to make
any payment of amounts otherwise indemnifiable hereunder if and to the extent
that indemnitee has otherwise actually received such payment under any insurance
policy, contract, agreement or otherwise.

        10. Exception to Right of Indemnification. Notwithstanding any other
provision of this Agreement, Indemnitee shall nor be entitled to indemnification
under this Agreement with respect to any Proceeding brought by Indemnitee, or
any claim therein, unless

                (a) the bringing of such Proceeding or making of such claim
shall have been approved by the Board of Directors or

                (b) such Proceeding is being brought by the Indemnitee to assert
his rights under this Agreement.

        11. Duration of Agreement. All agreements and obligations of the Company
contained herein shall continue during the period Indemnitee is an officer
and/or a director of the Company (or is or was serving at the request of the
Company as a director, officer, employee or agent of another corporation,
partnership, joint venture, trust or other enterprise) and shall continue
thereafter so long as Indemnitee shall be subject to any Proceeding (or any
proceeding commenced under Section 3 hereof) by reason of his Corporate Status,
whether or not he is acting or serving in any such capacity at the time any
liability or expense is incurred for which indemnification can be provided under
this Agreement. This Agreement shall be binding upon and inure to the benefit of
and be enforceable by the parties hereto and their respective successors
(including any direct or indirect successor by purchase, merger, consolidation
or otherwise to all or substantially all of the business or assets of the
Company), assigns, spouses, heirs, executors and personal and legal
representatives. This Agreement shall continue in effect regardless of whether
Indemnitee continues to serve as an officer and/or a director of the Company or
any other enterprise at the Company's request.

        12. Security. To the extent requested by the Indemnitee and approved by
the

<PAGE>

Board of Directors, the Company may at any time and from time to time provide
security to the Indemnitee for the Company's obligations hereunder through an
irrevocable bank line of credit, funded trust or other collateral. Any and all
such security, once provided to the Indemnitee, may not be revoked or released
without the prior written consent of the Indemnitee.

        13. Enforcement.

                (a) The Company expressly confirms and agrees that it has
entered into this Agreement and assumed the obligations imposed on it hereby in
order to induce Indemnitee to serve as an officer and/or a director of the
Company, and the Company acknowledges that Indemnitee is relying upon this
Agreement in serving as an officer and/or a director of the Company.

                (b) This Agreement constitutes the entire agreement between the
parties hereto with respect to the subject matter hereof and supersedes all
prior agreements and understandings, oral, written and implied, between the
parties hereto with respect to the subject matter hereof.

        14. Definitions. For purposes of this Agreement:

                (a) "CHANGE IN CONTROL" means a change in control of the Company
occurring after the date of this Agreement of a nature that would constitute a
Change in Control under that certain Employment Agreement, dated as of May 17,
2002 between the Company and James P. Jimirro.

                (b) "CORPORATE STATUS" describes the status of a person who is
or was a director, officer, employee or agent or fiduciary of the Company or of
any other corporation, partnership, joint venture, trust, employee benefit plan
or other enterprise for which such person is or was serving in such capacity at
the express request of the Company.

                (c) "DISINTERESTED DIRECTOR" means a director of the Company who
is not and was not a party to the Proceeding in respect of which indemnification
is sought by Indemnitee; provided, however, that neither Indemnitee nor Daniel
Laikin shall be "Disinterested Directors" hereunder, and both Indemnitee and
Daniel Laikin shall recuse themselves from any determinations made or to be made
by the Board of Directors pursuant to this Agreement.

                (d) "ENTERPRISE" shall mean the Company and any other
corporation, partnership, joint venture, trust, employee benefit plan or other
enterprise of which Indemnitee is or was serving at the express written request
of the Company as a director, officer, employee, agent or fiduciary.

                (e) "EXPENSES" shall include all reasonable attorneys' fees,
retainers, court costs, transcript costs, fees of experts, fees of accountants,
witness fees, travel expenses,

<PAGE>

duplicating costs, printing and binding costs, telephone charges, postage,
delivery service fees, and all other disbursements or expenses of the types
customarily incurred in connection with prosecuting, defending, preparing to
prosecute or defend, investigating, participating, or being or preparing to be a
witness in a Proceeding.

                (f) "INDEPENDENT COUNSEL" means a law firm of national
reputation, that is experienced in matters of California corporation law and
neither presently is, nor in the past five years has been, retained to
represent:

                        (i) the Company or Indemnitee in any matter including
                with respect to matters concerning other indemnitees under
                similar indemnification agreements, or

                        (ii) any other party to the Proceeding giving rise to a
                claim for indemnification hereunder. Notwithstanding the
                foregoing, the term "Independent Counsel" shall not include any
                person who, under the applicable standards of professional
                conduct then prevailing, would have a conflict of interest in
                representing either the Company or Indemnitee in an action to
                determine Indemnitee's rights under this Agreement. Without
                limiting the foregoing, the term "Independent Counsel" shall not
                include Greenberg Traurig LLP or any other law firm in which
                John C. Kirkland is a partner or with which he is otherwise
                affiliated or associated. The Company agrees to pay the
                reasonable fees of the Independent Counsel referred to above and
                to fully indemnify such counsel against any and all Expenses,
                claims, liabilities and damages arising our of or relating to
                this Agreement or its engagement pursuant hereto.

                (g) "PROCEEDING" includes any threatened, pending or completed
action, suit, arbitration, alternate dispute resolution mechanism,
investigation, inquiry, administrative hearing or any other actual, threatened
or completed proceeding, whether brought by or in the right of the Company or
otherwise and whether civil, criminal, administrative or investigative, in which
Indemnitee was, is or will be involved as a party or otherwise, by reason of the
fact that Indemnitee is or was an officer and/or a director of the Company, by
reason of any action taken by him or of any inaction on his part while acting as
an officer and/or a director of the Company, or by reason of the fact that he is
or was serving at the request of the Company as a director, officer, employee or
agent of another corporation, partnership, joint venture, trust or other
enterprise; in each ease whether or not he is acting or serving in any such
capacity at the time any liability or expense is incurred for which
indemnification can be provided under this Agreement, including one pending on
or before the date of this Agreement, and excluding one initiated by an
Indemnitee pursuant to Section 8 of this Agreement to enforce his rights under
this Agreement.

                15. Severability. If any provision or provisions of this
Agreement shall be held by a court of competent jurisdiction to be invalid,
void, illegal or otherwise unenforceable for any reason whatsoever:

<PAGE>

                (a) the validity, legality and enforceability of the remaining
provisions of this Agreement (including without limitation, each portion of any
section of this Agreement containing any such provision held to be invalid,
illegal or unenforceable, that is not itself invalid, illegal or unenforceable)
shall not in any way be affected or impaired thereby and shall remain
enforceable to the fullest extent permitted by law; and

                (b) to the fullest extent possible, the provisions of this
Agreement (including, without limitation, each portion of any section of this
Agreement containing any such provision held to be invalid, illegal or
unenforceable, that is not itself invalid, illegal or unenforceable) shall be
construed so as to give effect to the intent manifested thereby.

        16. Modification and Waiver. No supplement, modification, termination or
amendment of this Agreement shall be binding unless executed in writing by both
of the parties hereto. No waiver of any of the provisions of this Agreement
shall be deemed or shall constitute a waiver of any other provisions hereof
(whether or not similar) nor shall such waiver constitute a continuing waiver.

        17. Notice by Indemnitee. Indemnitee agrees promptly to notify the
Company in writing upon being served with any summons, citation, subpoena,
complaint, indictment, information or other document relating to any Proceeding
or matter which may be subject to indemnification covered hereunder. The failure
to so notify the Company shall not relieve the Company of any obligation which
it may have to the Indemnitee under this Agreement or otherwise.

        18. Notices. All notices, requests, demands and other communications
hereunder stall be in writing and shall be deemed to have been duly given if (i)
delivered by hand and receipted for by the party to whom said notice or other
communication shall have been directed, or (ii) mailed by certified or
registered mail with postage prepaid, on the third business day after the date
on which it is so mailed:

                  (a) If to Indemnitee, to:
                           9920 Towne Road
                           Carmel, Indiana 46032
                           Attention: Daniel S. Laikin
                           Facsimile: 317/870-1104

                  (b) If to the Company, to:
                           J2 Communications
                           10850 Wilshire Blvd., Suite 1000
                           Los Angeles, California 90024
                           Attention: James P. Jimirro
                           Facsimile: 310/474-1219

or to such other address as may have been furnished in writing to Indemnitee by
the Company or in writing to the Company by Indemnitee, as the case may be.

<PAGE>

        19. Identical Counterparts. This Agreement may be executed in one or
more counterparts, each of which shall for all purposes be deemed to be an
original but all of which together shall constitute one and the same Agreement.
Only one such counterpart signed by the party against whom enforceability is
sought needs to be produced to evidence the existence of this Agreement.

        20. Headings. The headings of the paragraphs of this Agreement are
inserted for convenience only and shall not be deemed to constitute part of this
Agreement or to affect the construction thereof.

        21. Governing Law. The parties agree that this Agreement shall be
governed by, and construed and enforced in accordance with, the laws of the
State of California without application of the conflict of laws principles
thereof.

        22. Gender. Use of the masculine pronoun shall be deemed to include
usage of the feminine pronoun where appropriate.

                            [signature page follows]

<PAGE>

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

                                          COMPANY:
                                          J2 COMMUNICATIONS,
                                          a California corporation

                                          By: __________________________________
                                          Name:  James P. Jimirro
                                          Title: President

                                          INDEMNITEE:

                                          ______________________________________
                                          Daniel S. Laikin<PAGE>

                                                                   Exhibit 10.12

                                J2 COMMUNICATIONS
                            10850 WILSHIRE BOULEVARD
                                   SUITE 1000
                              LOS ANGELES, CA 90024

                                  May 17, 2002

CONFIDENTIAL

Mr. Daniel S. Laikin
25 West 9th Street
Indianapolis, Indiana 46204

Mr. Paul Skjodt
9920 Towne Road
Carmel, Indiana 46032

Gentlemen:

        Re: Termination of Surviving Provisions of Letter Agreement

Gentlemen:

        Pursuant to Section 11(c) of the Letter Agreement, dated as of March 5,
2001 (as amended, the "Letter Agreement"; capitalized terms used in this letter
but not otherwise defined herein shall have the respective meanings assigned to
them in the Letter Agreement), by and among J2 Communications, a California
corporation (the "Company"), James P. Jimirro, Daniel S. Laikin and Paul Skjodt,
the parties agreed that, in the event that the Closing did not occur for any
reason, including termination of the Letter Agreement as provided in Section
11(b) thereof, the Letter Agreement would be of no further force and effect;
provided, however, that the provisions of Sections 4, 5, 6, 7, 11(c), 12(e), 14
and 19 were to remain in full force and effect regardless of any termination of
the Letter Agreement, and that no such termination was to release any party
thereto from liability for his or its willful breach thereof.

        This letter confirms the parties' understanding, and when signed, their
binding agreement that, notwithstanding Section 11(c) of the Letter Agreement,
the Letter Agreement is terminated and of no further force or effect, including,
without limitation, Sections 4, 5, 6, 7, 11(c), 12(e), 14 and 19 thereof.

                  [remainder of page intentionally left blank]

<PAGE>

        If the foregoing is acceptable to you, please so indicate by executing a
counterpart of this Letter Agreement below and returning it to the Company.

                                          Sincerely,

                                          J2 COMMUNICATIONS

                                          By:___________________________________
                                          Name:
                                          Title:

                                          By:___________________________________
                                          Name:
                                          Title:

THE FOREGOING IS ACCEPTED
AND AGREED TO AS OF THE FIRST
DATE SET FORTH ABOVE:

______________________________________
JAMES P. JIMIRRO

______________________________________
DANIEL S. LAIKIN

______________________________________
PAUL SKJODT

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00040-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00040-of-00352.parquet"}]]