Document:

<PAGE>

Exhibit 10.8

                    PERFORMANCE BONUS AND WARRANTS AGREEMENT

         THIS  AGREEMENT is entered into this 2nd day of January,  2000,  by and
between The Players  Network,  a Nevada  corporation  ("PN"),  and Mark  Bradley
Feldgreber ("Bradley") with respect to the following:

         A. Bradley is the Chief  Executive  Officer,  President  and  Executive
Producer of PN and, as such, devotes his full time and attention to the business
and affairs of PN.

         B. Based upon the  foregoing,  PN and Bradley have  previously  entered
into an Employment  Agreement  pursuant to which PN has agreed to employ Bradley
for a fixed term ending  December 31,  2004,  Bradley's  compensation  under the
Employment Agreement is set forth therein.

         C. The  Directors of PN (excluding  Bradley,  who is a director but who
abstained from voting on this matter),  have  determined  that it is in the best
interests of PN to enter into this  Agreement.  By their  respective  signatures
below,  each of the  Directors of PN  (excluding  Bradley)  have  approved  this
Agreement  and a  corresponding  resolution of the Board of Directors of PN at a
duly convened meeting thereof upon appropriate notice.

         D.  This  Agreement  is not  intended  to affect  any other  agreements
between PN and Bradley.

                  NOW, THEREFORE,  for valuable  consideration,  the receipt and
sufficiency  of which is hereby  acknowledged,  and for reliance of both parties
hereto, PN and Bradley agree as follows:

INCORPORATION OF RECITALS; TERM

         1. Each of the foregoing  recitals is incorporated  hereat by reference
as though fully set forth.

         2. The term of this Agreement  shall commence  January 1, 2000, and end
December 31, 2004.

<PAGE>

CASH BONUS

3. As  additional  compensation,  PN shall pay to  Bradley  the  following  cash
bonuses on the last day of PN's fiscal  year 2000,  2001,  2002,  2003 and 2004,
based upon PN's pre-tax net income ("PTNI") (defined according to GAAP):

                                                  Amount of Cash
                 LEVEL OF PTNI              BONUSES AS A FACTOR OF PTNI
                 -------------              ---------------------------

            $501,000  -    $1,000,000                 2 1/2%

           $1,001,000  -   $1,500,000                 3 1/2%

                                                  Amount of Cash
                LEVEL OF PTNI               BONUSES AS A FACTOR OF PTNI
                -------------               ---------------------------

          $1,501,000  -  $2,000,000                  4 1/2%

          $2,001,000  -  $2,500,000                  5 1/2%

          $2,501,000  -  $3,000,000                  6 1/2%

          $3,000,000 and higher                      7 1/2%

For purposes of this Agreement  revenues and income of PN shall include  without
limitation  the  revenues  and  income  realized  by PN as a  result  of  barter
transactions.

SIX COMMON STOCK PURCHASE WARRANTS

4. In addition to the additional compensation described in paragraph 3 above, PN
hereby grants Bradley six (6) warrants exercisable for a term of four years from
issuance, to purchase PN's common stock on the following terms and conditions:

                  (a) PN shall issue each  warrant to Bradley on the last day of
PN's  fiscal  year 2000,  2001,  2002,  2003 and 2004 or as soon as  practicable
thereafter.

                  (b) The warrant  will  provide  that the strike  price for the
purchase of PN common shares be equal to 85% of the average closing bid price of
PN common  shares for the 30 business  day period prior to the end of the fiscal
period in question.

                  (c) The number of shares which are  purchasable on exercise of
each such warrant and the cost thereof shall be calculated as follows:

<PAGE>
<TABLE>
<CAPTION>
<S>                    <C>                    <C>                       <C>                       <C>
Level of PTNI          Amt. of Cash                                     85% of Average
Provided in        X   Bonus Provided    =    Number of           X     Closing Bid Price    =    Cost of
Para. 3                in Para. 3             Shares Purchasable        for 30 Days Prior         Shares
                                                                        to End of Fiscal Year     Purchasable
</TABLE>

By way of  example,  if the  level of PTNI is  $1,000,000  and the  cash  bonus,
therefore,  equals 2 1/2% of $1,000,000,  or $25,000, and the 30 day average bid
price  closing  price is $1.00,  then the  number of shares  purchasable  equals
25,000 shares and the cost of such shares equals $21,250.

ADDITIONAL WARRANTS AND STOCK ISSUANCE

         5. In addition to the additional  compensation  provided in paragraph 3
hereof,  and in addition to the warrants  provided in paragraph 4 hereof, PN has
determined to compensate  Bradley by the granting of additional  warrants and by
the issuance of additional PN common shares as provided hereinafter.

                  (a) At the end of each calendar  quarter,  commencing with the
calendar  quarter  ending March 31, 2000,  Bradley  shall be entitled to receive
from PN warrants and shares based upon $1.0 million increments of gross revenues
received by PN during the quarter in question.  To the extent that such revenues
exceed any million  dollar  benchmark,  the excess  shall be carried over to the
next succeeding calendar quarter for calculation purposes.

                  (b) For each $1.0  million  of  revenues  received  during any
calendar quarter which accrues during the term of this Agreement,  Bradley shall
receive from PN the following:

                           (i) a warrant  exercisable  for a term of three years
to purchase  50,000  shares of common  stock of PN at a price per share equal to
85% of the average closing bid price of PN common shares for the 30 business day
period prior to the end of the quarter in question; and

                           (ii) 20,000 shares of PN.

MISCELLANEOUS

         6. This  Agreement  constitutes  the  entire  agreement  between PN and
Bradley with respect to the subject matter hereof.

         7. This Agreement shall be governed by the laws of the State of Nevada.

         8. This Agreement shall be binding upon and inure to the benefit of the
successors  and assigns of the parties hereto except that Bradley may not assign
or delegate his duties hereunder.

         9. In the event of litigation concerning this Agreement, the prevailing
party shall be entitled to an award of reasonable attorney's fees.

<PAGE>

         10. By  signing  this  Agreement  below,  each  director  warrants  and
represents  that the terms of this  Agreement  have been adopted by the Board of
Directors of PM.

         11.  Notices  hereunder may be sent by certified  mail,  return receipt
requested,  or by facsimile,  as follows (or as subsequently provided in writing
by each party).

                  (a)      To PN:            The Players Network
                                             4620 Polaris Avenue
                                             Las Vegas, Nevada 89103
                                             Attn: Chief Financial Officer
                                             (702) 895-8833

                  (b)      To BRADLEY:       Mark Bradley
                                             4620 Polaris Avenue
                                             Las Vegas, Nevada 89103
                                             (702) 895-8833

         IN WITNESS WHEREOF,  the parties hereto have executed this Agreement on
the date set forth below.

                                    THE PLAYERS NETWORK

Dated:  ________________________    By:_____________________________
                                              PETER RONA

Dated:_________________________     By:______________________________
                                              DARIUS IRANI

Dated:_________________________     By:______________________________
                                             JOOST VAN ADELSBERG

Dated:_________________________     __________________________________
                                             MARK BRADLEY FELDGREBER

<PAGE>EXHIBIT 10.1

                   Conrex International Financial, Inc. d/b/a
                         Global Express Capital Mortgage
                            8540 South Eastern Avenue
                               Las Vegas, NV 89123

                                                                  March 24, 2003
Global Express Real Estate
Investment Fund I, LLC
8540 South Eastern Avenue
Las Vegas, NV 89123
Attn: Lou Ann Kicker

Dear Ladies and Gentlemen:

      This letter agreement is to memorialize the expense sharing agreement
between Conrex International Financial, Inc. d/b/a Global Express Capital
Mortgage ("GECM") and Global Express Real Estate Investment Fund I, LLC (the
"Fund").

      The Registration Statement for the Fund (No. 333-55098) declared effective
on October 4, 2001, as amended on January 17, 2002, provides under "Plan of
Distribution" for GECM, as manager, to pay all organizational and offering
expenses, including, but not limited to, legal and accounting expenses,
registration costs, selling expenses and filing fees with the SEC and state
securities commissions.

      GECM also agrees to operate the Fund at its own expense, in consideration
of substantial fees and other compensation, which GECM may earn from the
operations of the Fund, including charges to borrowers for originating loans,
participations in proceeds from the sale, refinancing or other disposition of
the real estate servicing the loans after repayment of such loans and fees for
managing and selling any property received in connection with loan foreclosures
or workouts. Such charges are disclosed and charged to the Fund.

      GECM agrees to pay all costs incurred by the Fund in its operations,
including, but not limited to, legal, accounting, administrative office expenses
and fees. The arrangement will continue through at least April 1, 2004. In
addition, GECM has agreed not to voluntarily terminate the offering by the Fund
prior to termination by the terms and conditions of the Fund. GECM shall be
responsible for all costs of rendering the services, including the costs of its
personnel, facilities (rent, utilities, maintenance, depreciation and other
facilities cost) office equipment and supplies and providing adequate computer
systems.

      All cash used to pay the above cost of operations of the Fund shall be
that of GECM, including the portion of the proceeds of the offering, which it is
entitled to keep. There is no obligation whatsoever on the part of the Fund to
pay all or a portion of the operating costs or to reimburse or otherwise
compensate GECM for any or all of the costs, which it pays on behalf of the
Fund. By its signature below, GECM understands and acknowledges that it has no
claims against the Fund for any payments made on behalf of the Fund pursuant to
this agreement.

<PAGE>

Global Express Real Estate
Investment Fund I, LLC
March 24, 2003
Page 2

      The provisions of this Agreement may be waived, altered, amended or
repealed, in whole or in part, only with the written consent of both GECM and
the Fund.

      This Agreement shall be binding on, and shall inure to the benefit of, the
parties to this Agreement and their respective legal representatives, successors
and assigns.

      This Agreement shall be governed by and construed in accordance with the
laws of State of Nevada without reference to the choice of law principles
thereof.

      This Agreement contains the entire agreement between the parties with
respect to the transactions contemplated hereunder, and supersedes all
arrangements or understandings with respect thereto, written or oral, entered
into on or before the date hereof.

      In any part of this Agreement is held to be unenforceable or invalid under
the applicable law of any jurisdiction, the unenforceable or invalid part shall,
to the extent permitted by applicable law, be narrowed or replaced to the extent
possible to effectuate to the maximum, extent possible in intent of the parties
regarding this Agreement. To the extent permitted by applicable law,
notwithstanding the unenforceability or invalidity of any part of this
Agreement, the remaining parts shall be valid, enforceable and binding on the
parties.

      IN WITNESS WHEREOF, this Agreement has been executed in behalf of the
parties hereto by their duly authorized representatives as of the day and year
first above written.

                                          Conrex International Financial, Inc.
                                          d/b/a  Global Express Capital Mortgage

                                          By: /s/ Connie Farris
                                          --------------------------------
                                                  Connie Farris, President

                                          Global Express Real Estate
                                          Investment Fund I, LLC

                                          By: /s/ Lou Ann Kicker
                                          ----------------------------
                                                  Lou Ann Kicker, V.P.

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