Document:

EXHIBIT 10.4

                          TELEVISION LICENSE AGREEMENT

                    An Agreement made on July 11, 2005-11-01

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By and between                                            and
HOP! CHANNEL LTD.                                         PEAK ENTERTAINMENT LTD
7 Harugei Malchut Street                                  Bagshaw Hall
Tel-Aviv 69714                                            Bakewell, Derbyshire, DE45 1DL
ISRAEL                                                    ENGLAND

("Licensee")                                              ("Licensor")

                                  In respect of
                          The Films/Television Program
                       (herein defined as "the Programs")

WHEREBY IT IS AGREED that in consideration of Licensee's Agreement to make
payments, and in accordance with the Schedule of Terms and General Terms and
Conditions and Schedules A and B, which form an integral part of this Agreement.
The Licensor hereby grants to Licensee all Rights of the Program in the
Territory listed and all conditions as hereafter described.

THE SCHEDULE OF TERMS

The Program:                              Title                                Running Time

                                          The Wumblers                            52x11'
Hour Duration of
Each Program:                             The Wumblers                          9.5 Hours

Total Duration
Of Contract:                              9.5 hours

The Rights:                               1. Basic Cable Television + Pay cable Television
                                          2. Basic Satellite Television + Pay Satellite Television
                                          3. Educational non-broadcast rights for duplication of
                                          VHS cassettes
                                          4. Closed circuit rights
                                          5.  Computer  networks  integrated  through  use  of  any
                                          protocol

The Territory:                            Israel

License Period:                           4 years from the Commencing Date.
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Commencing Date:                          January 1st, 2006. The Licensee shall have the right
                                          to broadcast promos, trailers and other such promotional
                                          segments before that date.

Exclusivity:                              Exclusive Cable and Satellite Rights with first 2 (two)
                                          years holdback against all forms of TV media including the
                                          Hebrew version over the Internet.

Number of Licensed
Broadcasts:                               Unlimited runs

License Fee Per Hour:                     400 USD

Total License Fee Per Program:            3,800 USD

Total License Fee
Of Contract:                              3,800 USD

Withholding Tax:                          To be deducted  according to the  International  Withholding
                                          Tax  Agreement  between  Israel  and  Licensor's  country of
                                          origin.  Licensor  hereby  declares  to own  all  beneficial
                                          rights in and to the Program.

Schedule                                  of Payments: In all cases subject to
                                          prior signatures and exchange of this
                                          Agreement and upon receipt of
                                          Licensor's invoice. Full payment upon
                                          receipt of material, not later than 60
                                          days after materials have passed the
                                          technical check but not earlier than
                                          License Commencing Date.

Broadcast Materials                       Beta SP, PAL 625 lines, Analog
To be delivered:                          International version, (Clear Caption)

Additional Materials
To be Supplied:                           a) A VHS copy of the program in its
                                          original version.
                                          b) M&E Sound Track (with Time Code) c)
                                          English Script d) Music Cue Sheets
                                          e) Publicity Materials to include a
                                          minimum of: three (3) JPG photos 300
                                          dpi, two (2) slides and one (1)
                                          English synopsis
                                          f) Completed Program Information Sheet
                                          as set forth in Schedule A.
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Material On Loan:                         To be returned to Licensor within ten (10) weeks after
                                          receipt without any changes or damages save fair wear and
                                          tear.

Program                                   Adaptation License shall be entitled
                                          to undertake or authorize the
                                          adaptation of Hebrew and/or Arabic
                                          and/or Russian subtitles and/or by
                                          means of dubbing of Hebrew and/or
                                          Arabic and/or Russian at its sole
                                          discretion and cost.

                                          Licensee has the right to make
                                          additions, deletions and modifications
                                          to the Programs and to make dubbed and
                                          sub-titled versions of the Programs
                                          and any promotional materials for use
                                          in the Territory as Licensee may
                                          determine.

                                          The Rights to such a subtitled or
                                          dubbed version will belong to the
                                          licensee also after the expiration of
                                          the License Period. The Licensee will
                                          provide Licensor with access to the
                                          dubbed version made by Licensee for
                                          the licensed Programs under this
                                          contract, provided Licensor pays
                                          Licensee fifty percent (50%) of all
                                          costs of production, as well as a full
                                          coverage of the costs of material,
                                          transfer and shipping.

                                          Licensor will notify Licensee of the
                                          Programs that are based on books that
                                          have been published in the Territory,
                                          the names of the characters featured
                                          in the Programs and the name of the
                                          local publisher of such books in the
                                          Territory.

Shipping Costs
Charged to:                               Licensee (both ways) - provided
                                          the Licensee's designated shipper was
                                          used in accordance to Licensees
                                          shipping instructions.

Date of delivery of                       As soon as possible, and not later
Material:                                 than two months before License
                                          Commencing Date.

Shipments To Be                           Licensee solely through its designated
Made To:                                  shipping broker (to Be informed),
                                          according to the following details:

                                          ATT: Mr. ORLAD SHERMAN
                                          HOP! CHANNEL LTD.
                                          7 Harugei Malchut Street
                                          Tel Aviv 69714
                                          ISRAEL
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Warranty:                                 The Licensor hereby warrants that s/he
                                          is authorized to grant the Rights
                                          herein licensed and that these rights
                                          do not conflict with any Rights
                                          granted to or held by any third party.

Other                                     Terms: In the event of a conflict
                                          between the terms of this Schedule of
                                          Terms and The General Terms and
                                          Conditions, This Schedule of Terms
                                          shall govern.

    /s/ [stamped signature]                 /s/ Paula Shorrocks
           Alona Abt                        Name: Paula Shorrocks
      Executive Director                  Title: Commercial Director
       HOP! CHANNEL LTD.                    PEAK ENTERTAINMENT LTD
           LICENSEE                                LICENSOR

          11.7.2005                                19.7.05
       Date of Signature                      Date of Signature

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                                GENERAL TERMS AND CONDITIONS

1.DEFINITIONS

The following terms shall have the following meanings when used in this
Agreement:

Basic Cable Television means a schedule of programming, transmitted by means of
coaxial or fiber-optic cable for reception on a television receiver, which is
offered as part of package of programming included within the minimum obligatory
subscription charge, if any, without a per program, per channel, or other charge
of any kind (other than one time or periodic charges for connection to the cable
television delivery system and any compulsory fees charged by a government or
governmental agency assessed on those who use television sets).

Basic Satellite Television means the up-link transmission of a schedule of
programming to a satellite and its down-link transmission to a terrestrial
satellite reception dish for the purpose of viewing of the program on a
television receiver which is located in the immediate vicinity of the reception
dish, which is offered as part of a package of programming included within the
minimum obligatory subscription charge, if any, without a per program, per
channel, or other charge of any kind (other than one time or periodic charges
for connection to the cable television delivery system and any compulsory fees
charged by a government or governmental agency assessed on those who use
television sets)

Pay Cable Television or Cable Pay Television means a transmission of a program
by means of encoded signal over coaxial or fiber-optic cable for reception on a
television receiver by means of a decoding device where a charge is made to the
viewers for the right to use the decoding device or viewing any channel which
transmits the program along with other programming;

Satellite Pay Television means the uplink transmission of a program by means of
an encoded signal to a satellite and its down-link transmission to a terrestrial
satellite reception dish and a decoding device for the purpose of viewing the
program on a television receiver which is located in the immediate vicinity of
the reception dish and decoding device where a charge is made to the viewer for
the right to use the decoding for viewing a channel which transmits the program
along with other programming.

2. LICENSE

2.1 Licensor warrants and represents that subject to the terms and provisions of
this Agreement the Rights hereby granted include all Rights in and to the
Programs for all purposes of this Agreement, including the Performing Rights to
any musical compositions contained in the Programs. Unless anything contained in
this Agreement is to the contrary, the Rights as granted hereunder are granted
exclusively and will relate to all broadcasting and content transfer platforms,
including, but not limited to, Cable Television, Pay Television, Satellite
Transmissions`, Close circuit video showings, Free Television, Home Video
Sell-Through, Bezeq infrastructure, ADSL, etc.

2.2 Licensor will provide a complete music cue sheet setting forth for each
musical composition contained within the programs, the titles, the type of use,
duration of use, a name of the composer, lyricist, publisher, copyright
proprietor and performing rights society if any.

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2.3 Licensor warrants and represents that it owns exclusively of all of the
television exhibition rights herein specified in each program and that Licensor
has the right to enter into and perform this Agreement and to grant Licensee the
rights and license herein provided.

2.4 Unless otherwise provided in this Agreement, all material relating to the
Program may not be used, dealt with or otherwise disposed of except as provided
herein.

2.5 The rights licensed hereunder shall expressly include the distribution of
interactive games associated with the Hebrew version of the programs on the
Licensor's web-site, by means of computer networks integrated through use of any
protocol now known or hereafter in existence, including, without limitations,
the TCP/IP protocol or any successor or similar technology used to access such
computer networks (including, without limitation, the "Internet") for use on any
viewing device using computer or computer mediated processing units or similar
technology now known or hereafter on existence. For the avoidance of doubt
nothing in this agreement gives rights to the distribution, merchandising or
licensing of video games rights.

3. DELIVERY OF TRANSMISSION AND OTHER MATERIALS

3.1 Subject to the Schedule of Terms and Conditions of this Agreement, Licensor
will upon Licensee's written request supply Licensee on loan basis with
transmission materials physically suitable for transmission.

3.2 Licensee will bear all air freight costs of one delivery from Licensor to
Licensee and delivery from Licensee to Licensor as well as any Israeli customs
or broker's fees, providing that materials and shipping documentation is in
accordance with licensee's requirements.

4. EXAMINATION OF TRANSMISION MATERIALS

4.1 Licensor will ensure that program materials supplied comply with Licensee's
specifications as provided by the Licensee and enclosed as Schedule B, not later
than ten days before delivery.

4.2 Upon receipt of the material of the Programs, and not later than sixty-five
(65) days, Licensee shall examine the said material and shall give Licensor
written notice if the material is not physically suitable for telecast or home
video distribution. Licensor shall promptly remedy such defect or make timely
substitutions of a suitable print of the Programs at no additional cost or
expense to Licensee. If none of the remedies or substitutions above specified is
available and provided that Licensee has given written notice to Licensor to
make such remedies or substitutions within a period of three (3) weeks upon
receipt of such notice, then Licensee shall be relieved of its proportionate
contractual obligations with respect to the portion of the license fee allocable
to the program, further more Licensee at its sole discretion shall have the
right to terminate this Agreement without liability of any kind to the Licensor.
Licensor will refund Licensee for all freight charges caused by this Agreement.

4.3 The licensor undertakes that he will ensure that all Program Materials
and/or contents supplied according to this agreement are suitable to children up
to the age of 7 years old, and that they do not contain violence and/or scary
scenes.

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The licensor acknowledges and agrees that if the licensee will decide, in his
own discretion, that the material programs are not suitable for broadcasting,
for the reasons mention in this section above, then Licensee shall be relieved
of its proportionate contractual obligations with respect to the portion of the
license fee allocable to the program, and the licensor will not have any claim
against the licensee, directly and/or indirectly, under the license agreement
and/or this agreement.

5. TERMINATION PROVISIONS:

5.1 Upon the expiration or other termination of this License term or the last
permitted telecast of each Program, whichever is earlier, all material furnished
by Licensor, including material manufactured on behalf of Licensee, shall be
returned to Licensor. Insofar as Licensee has paid for the material delivered by
Licensor and in the event that Licensee shall so elect, Licensee may either
return such material to Licensor or destroy or erase it, in which case Licensee
upon Licensor's request will provide Licensor with a certification of
destruction.

6. WITHOLDING TAXES

6.1 In the event that any sums are or may be demanded from the licensee by the
governments or other fiscal authorities in the Territory, or any portion
thereof, the Licensee shall be entitled to deduct such sums from the license
fees payable hereunder provided that Licensee shall furnish to the Licensor an
official receipt of the applicable taxation authority for all such amounts so
withheld.

7. EXHIBITION OF PROGRAMS:

7.1 Licensee may dub or subtitle or cause to be dubbed or subtitled the Programs
only in Hebrew and/or Arabic and/or Russian without any cost or expense to
Licensor. The rights to such a subtitled or dubbed version will belong to the
Licensee also after the expiring of the agreed term of contract. The Licensee
will provide Licensor with access to the dubbed version made by Licensee for the
licensed Programs under this contract, provided Licensor pays Licensee fifty
percent (50%) of all costs of production, as well as a full coverage of the
costs of material, transfer and shipping.

7.2 Licensor will deliver Hebrew and/or Arabic and/or Russian language versions
of the programs to licensee where available at no additional cost.

7.3 Each broadcast of the ones agreed in the Schedule of Terms covers the
possibility of two (2) re-runs within forty-eight (48) hours.

7.4 Licensee may grant the right to edit the Program in order to adjust it to
broadcasting schedules, censorship requirements, commercial insertions,
technical considerations and as may be required by Law or regulatory Authorities
in the Territory.

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8. ADVERTISING:

8.1 Licensee shall have the right to advertise, promote and publicize the
programs in the exercise of its rights hereunder in all media and to authorize
others to do so.

8.2 Licensee may, at its sole discretion, broadcast or give authorization to
broadcast in any media including Free T.V, Cable T.V, Satellite, Internet (but
only on the Licensee's web-site and for a duration of no more than 3 minutes per
each single broadcast) and/or other media, extracts from the Programs for
purposes of advertisement or publicity. Provided that no such broadcast shall
exceed three (3) minutes in length. Licensee may, at its sole discretion,
advertise images from the Program on: billboard out door events, activity pages
and/or books, sold children magazines for purposes of advertisement or publicity
of the Programs.

Licensor shall make available at reasonable cost to licensee any advertising or
promotional material owned by licensor that is available for distribution in the
territory.

9. SPECIAL TERMS:

9.1   The Licensee shall have the option to renew and/or purchase the sequel of
      a series and/or Programs on commercial terms.

9.2   The Licensee shall have a first refusal right to broadcast the Programs by
      way of Video on Demand.

9.3   The Licensee shall have a first refusal right to license and/or purchase,
      if available, any "Merchandise"(such as T-shirts etc.) and/or Home Video
      of any Program at commercial terms.

9.4   The Licensee shall have a first refusal right to license and/or purchase
      and/or create and /or produce and /or broadcast and/or to program and/or
      design computer programs and/or software, including but not limited to
      computer games and/or interactive television games, based on the Programs
      or the Programs' characters.

10. FORCE MAJEURE

If Licensor is prevented from making timely delivery of transmission materials
of the Programs, as herein provided, or if Licensee is prevented from exhibiting
the programs or from making the payments as per the agreed upon payment, by
reason of any act of god, strike, labor dispute, fire, flood, delay in
transportation, failure or delay of laboratory, war, public disaster, or any
other cause or reason beyond the control of Licensor or Licensee, as case may
be, such condition shall not be deemed to be a breach of this Agreement and
Licensee may extend the term of this Agreement for a period co-extensive with
the period or periods of such force majeure, which extended period shall
commence to run immediately upon the expiration of the term of this Agreement.

11. CONFIDENTIALITY

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The terms of this Agreement and any information relating to the business affairs
of either party, that may come to the attention of the other are confidential
and may not be revealed to any third party other than each party's respective
professional advisors, without the express permission of the other party. The
provisions of this Clause 11 shall not apply to information which is or becomes
publicly available or information which is required to be disclosed pursuant to
a court order or applicable law, rules or regulations.

12. WARRANTIES

12.1 Licensor represents and warrants to Licensee that to the best of its
knowledge the Programs are not defamatory of any individual or company. The
Programs do not infringe on the proprietary or other rights of any government,
individual, firm, company or corporation. It has the full right under copyright
and all distribution rights required to grant this the License and that the
broadcasting of the Programs will not violate the rights of others.

12.2 Licensor shall indemnify and hold the Licensee harmless from and against
any and all claims, actions, damages, losses, liabilities and expenses
(including reasonable attorney's fee) arising out of any broadcast of the
Programs or that Licensee may suffer or incur as a result of the breach of any
of Licensor warranties or as a result of a failure by Licensor to perform its
obligations under this Agreement.

13. AGREEMENT COMPLETE

This Agreement mat not be altered, modified, renewed and extended except in
writing and signed by both parties. This Agreement is complete and embraces the
entire understanding between the parties, all prior understandings, either oral
or written having been merged herein.

14. RIGHT TO ASSIGN

Licensor may not assign this Agreement, either voluntarily or by operation of
law without the prior written consent of Licensee. Licensee may assign this
agreement or any interest herein, to any subsidiary or affiliate corporation
(e.g. Gold Zebra Communications Ltd.).

15. APPLICABLE LAW AND JURISDICTION

This Agreement shall be governed and interpreted in all respects according to
the laws of Israel and the Tel Aviv Courts and these bodies shall be the
competent courts of jurisdiction.

16. WAIVER

The waiver by either party hereto of any breach or default by the other party
shall not be construed to be a waiver of any other breach or default, or of the
same breach or default occurring thereafter.

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17. NOTICES:

Any notices given or required to be given hereunder shall be in writing and
shall be sent by fax or by recorded or registered post to the parties as their
respective addresses shown overleaf and shall be deemed to have been delivered
six (6) days after the date of posting thereof if posted or when the proper
answerback code is received by the sender if sent by fax.

18. CLAUSE HEADINGS

The Clause headings in this License are for information only and do not form
part of the License.

19. EFFECT OF INVALIDITY OF PROVISION
It is understood and agreed that in the event any provision of this Agreement or
any amendments thereto shall be found, by an authorized court of law, to be
contrary to any applicable law or regulation and shall be declared invalid, the
said invalidity shall not affect the effect of the other provisions of this
agreement and of any amendments thereto, which shall, notwithstanding, continue
in full force and effect.

    /s/ [stamped signature]                            /s/ Paula Shorrocks
           Alona Abt                                  Name: Paula Shorrocks
      Executive Director                            Title: Commercial Director
       HOP! CHANNEL LTD.                              PEAK ENTERTAINMENT LTD
           LICENSEE                                          LICENSOR

           11.7.2005                                         19.7.05
       Date of Signature                                Date of Signature

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Program Information Sheet
TELEVISION LICENSE AGREEMENT                                          LICENSE AGREEMENT N(degree)
Schedule A
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Title:
Running time:         eps X        minutes
              --------      -------
Genre:        [ ] Cel  Animation        [ ] Model Animation            [ ] Puppets           [ ] Live Action            [ ] Other:
Origin of the Program:
Year of Copyright:
Authors/Directors:
Original Language:
International prizes/awards:
                                        --------------------------------------------------------------------------------------------
                                        --------------------------------------------------------------------------------------------
                                        --------------------------------------------------------------------------------------------

Title:
Running time:         eps X        minutes
              --------      -------
Genre:        [ ] Cel  Animation        [ ] Model Animation            [ ] Puppets           [ ] Live Action            [ ] Other:
Origin of the Program:
Year of Copyright:
Authors/Directors:
Original Language:
International prizes/awards:
                                        --------------------------------------------------------------------------------------------
                                        --------------------------------------------------------------------------------------------
                                        --------------------------------------------------------------------------------------------

Title:
Running time:         eps X        minutes
              --------      -------
Genre:        [ ] Cel  Animation       [ ] Model Animation            [ ] Puppets           [ ] Live Action            [ ] Other:
Origin of the Program:
Year of Copyright:
Authors/Directors:
Original Language:
International prizes/awards:
                                        --------------------------------------------------------------------------------------------
                                        --------------------------------------------------------------------------------------------
                                        --------------------------------------------------------------------------------------------

Title:
Running time:         eps X        minutes
              --------      -------
Genre:        [ ] Cel  Animation       [ ] Model Animation            [ ] Puppets           [ ] Live Action            [ ] Other:
Origin of the Program:
Year of Copyright:
Authors/Directors:
Original Language:
International prizes/awards:
                                        --------------------------------------------------------------------------------------------
                                        --------------------------------------------------------------------------------------------
                                        --------------------------------------------------------------------------------------------
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Schedule B: Technical Specifications

1. Textless opening and closing scenes

2. Separated list of credits in English for each title and eps

3. Analog Betacam SP Pal or SX Pal with: Separated M&E track on tracks 3 & 4.
English Mix on tracks 1 & 2

4. Sound level: + OVU = 4dbu. The level of sound peaks should not be higher than
+ 3db.

5. Time Code: Start of each Beta should be as follows:

Time code in 01:00:00:00 should be continuous until the program ends according
to the following order:

1. T.C. 00:57:00:00 BLACK and SILENCE for duration of 1 minute;
2. T.C. 00:58:00:00 TONE + BARS for duration of 1 minute;
3. T.C. 00:59:00:00 BLACK and SILENCE for duration of 30 seconds;
4. T.C. 00:59:30:00 SLATE* 20 seconds;
5. T.C. 00:59:50:00 BLACK and SILENCE for duration of 10 seconds;
6. T.C. 01:00:00:00. This is where the program should start;
7. T.C. in and out should always be for full frame only;
T.C. in and out should always be with a full picture, thus avoiding a continuing
fade in or fade out.

SLATE in English

1. Production company/Producer
2. Name of title - in English
3. Name of episode
4. Name or number of series/season

5. Information - sound tracks:
Track 1&2 Mix
Tracks 3& 4 M&E

6. Duration of episodes

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Information that should appear on the cover of the Beta and on the sticker of
the cassette:
|X|   Company name
|X|   Name of Program
|X|   Tittle of each eps
|X|   Episode number of the cassette: names of episodes with time code in and
      time code out.

Information about the tracks
|X|   1&2 Mix
|X|   3&4 M&E + stereo/mono

Attention: Please add a page with a list of number and names of episodes with
time code in and time code out.EXHIBIT 10.5

                         LICENCE AGREEMENT NUMBER MTM003

                                SUMMARY OF TERMS

The Licensee:                              Name:  Martin Yaffe International Ltd
                                        Address:  Arrow Mill
                                                  Rochdale
                                                  OL11 2QN
                                        Contact:  Peter Hatton
                                            tel:  01706 717800
                                            fax:  01706 717801
                                         e-mail:  peterh@martinyaffe.com

The Property:                        Muffin The Mule

The Principal:                       Maverick Entertainment and SMPL

The Licensor:                        Peak Entertainment Ltd

The Products:                        Rocking Horse and Stick Horse

Channels of Distribution:            All

The Territory:                       United Kingdom & Eire

The Term:                            1st June 05 to 31st Dec 07

Advance Royalty:                     (pound)1,500 + Vat on signature

Guaranteed Royalty:                  (pound)7,500 + Vat (includes the above
                                     advance) paid  quarterly  over the Term.

Agreed Percentage:                   10% of net selling price
                                     12% of F.O.B price

Number of Samples:                   12 of each product MUST BE SUPPLIED

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This LICENCE AGREEMENT is made this 16 day of Aug 2005 between:

THE PARTIES:

1.    PEAK ENTERTAINMENT LTD, Bagshaw Hall, Bakewell, Derbyshire, DE45 1DL ("the
      Licensor")

2.    THE LICENSEE: whose full name and trading or registered address is
      referred to on the Summary of Terms Sheet ("the Licensee")

RECITALS

(A)      The Licensor controls all rights of exploitation in the Property.

(B)      The Licensee wished to obtain a licence to manufacture, market, sell
         and distribute the Products incorporating the Property and the Licensor
         has agreed to grant such right.

1.    DEFINITIONS

      "The Intellectual Property" - means copyright, trade mark and other rights
      in the Property.

      "Nett Selling Price" - means the gross price at which the Licensee sells
      the Product in an arms length transaction less only Value Added Tax and
      normal trade discounts.

      "Notice" - means notice in writing served in accordance with the
      provisions of sub-clause 15.4.

      "The Royalties" - means the payments to be made to the Licensor by the
      Licensee under Clause 4.

      "The Specifications" - means the specifications set out in the first
      schedule.

      "The Style Guide" - means the documents provided by the Licensor to the
      Licensee from time to time giving details of the Property including the
      papers that have been given to the Licensee before the signing of this
      Agreement.

      "Channels of Distribution" - means all channels of distribution

      The words referred to in the first column of the Summary of Terms shall
      have the meanings attributed to them in the second column of the Summary
      of Terms Sheet.

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2.    GRANT

      2.1   In consideration of the obligations undertaken by the Licensee under
            this Agreement the Licensor grants to the Licensee an exclusive
            licence to apply the Property to the manufacture, marketing,
            distribution and sale of the Products in the Territory in accordance
            with the Specifications and the Style Guide and under the terms of
            this Agreement in the Territory.

      2.2   The Licensee shall only market and solicit orders for the Products
            in the Territory. If it receives orders for the supply of Products
            outside the Territory it will immediately inform the Licensor
            thereof.

      2.3   The Licensor reserves the right to remove any of the Products listed
            in the Summary of Terms where they are not on sale to the trade in
            accordance with Clause 7.1 in any part of the Territory.

      2.4   The Licensor reserves all rights not specifically granted herein
            including the right to grant licences of the Property to other
            licensees in the Territory in respect of other product categories.

      2.5   The Licensor also reserves the right to request any third party to
            manufacture the Products for promotional purposes.

3.    TERM

      This Agreement shall be for the Term unless terminated earlier in
      accordance with Clause 9 herein.

4.    ROYALTIES

      4.1   In consideration of the rights granted by the Licensor the Licensee
            shall pay to the Licensor a royalty of the Agreed Percentage of the
            Net Selling Price of each unit of the Products sold by the Licensee
            (less only normal trade discounts and Product returns actually
            credited).

      4.2   The Licensee shall within 30 days of the 30th March, 30th June, 30th
            September and 30th December in each year deliver to the Licensor a
            statement giving particulars of all sales of the Products effected
            by the Licensee since the last statement date (and in respect of the
            first statement; since the date of this Agreement) and showing the
            total royalty payable to the Licensor and on receipt of the
            Licensor's invoice shall deliver to the Licensor a remittance for
            the greater of the full amount of that royalty or an equal quarterly
            instalment of the Guaranteed Royalty (less only the pro rata Advance
            applicable for the

<PAGE>

      relevant quarter). The form of the statement is set out in the second
      Schedule.

      4.3   The Licensee shall keep and maintain separate and detailed accurate
            accounts and records so as to show the quantity and Net Selling
            Price of Products sold, used or otherwise disposed of by the
            Licensee for each royalty period giving separately the figures for
            each product. The Licensor shall have the right at reasonable hours,
            and on giving the Licensee reasonable notice, to appoint a
            representative (being a qualified, certified or chartered
            accountant) to audit the said accounts and records and if such audit
            reveals a discrepancy it shall be collected forthwith. It is further
            agreed that if such discrepancy is 5% or more in the Licensee's
            favour, the Licensee shall within 14 days of the date of the
            relevant invoice pay the Licensor's reasonable auditing fees and
            expenses in addition to any other payments due and interest on the
            discrepancy at 4% above the base lending rate from time to time of
            National Westminster Bank Plc.

      4.4   All sums payable by the Licensee to any person pursuant to this
            Agreement shall be paid free and clear of all deductions (except
            normal trade discounts) or withholdings whatsoever, save only as may
            be required by any applicable law.

5.    SPECIFICATION AND QUALITY

      5.1   The Licensee shall manufacture the Products according to the
            Specifications and the Style Guide or such other specifications as
            the Licensor may from time to time substitute and at all times
            ensure that the Products are of the highest quality attainable
            within the Specifications, in particular the Licensee is to ensure
            that the Products comply in all respects with the provisions of the
            relevant Toy Safety Regulations (where applicable) and all other
            relevant statutes, regulations and codes of practice in respect of
            safety and quality.

      5.2   The Licensee shall submit for the Licensor's written approval
            samples of the Products, any articles to be sold with the Products
            and all packaging material, display, advertising or publicity
            material and shall refrain from distribution, sales or publication
            of any of the Products until such approval shall have been first had
            and obtained. The Licensor reserves the right to require the
            Licensee to make any alterations that the Licensor may require to
            such items.

            5.2.1 The Licensee shall comply with this Clause 5.2 at each and
                  every stage of development of the Products identified as
                  follows:

<PAGE>

                  PRODUCT                   PACKAGING

                  Rough visual of concept   Rough visual of concept
                  Hand/Sample/Prototype     Rough artwork
                  Pre-production sample     Finished artwork
                  Production sample         Artwork Proof
                                            Finished production packaging

            5.2.2 Approval will be granted on design, quality and compliance
                  with the Style Guide and the copyright lines and all designs
                  must be consistent with the identity and image of the
                  property.

            5.2.3 Approval is not granted on the basis of any safety or fitness
                  for purpose aspect of the Products as such aspects are the
                  sole responsibility of the Licensee. The Licensee shall
                  produce to the Licensor when requested all relevant safety
                  certificates.

      5.3   The Licensee shall ensure that all units of the Products including
            their wrappings and packaging are of the same description as the
            sample approved by the Licensor in accordance with Clause 5.2.

      5.4   The Licensee shall supply to the Licensor the Number of Samples of
            the Products free of charge within three months of the first
            production of the Products.

      5.5   If the Licensee employs a third party to manufacture the Products
            the Licensee shall:

            5.5.1 put in place adequate controls to ensure that the manufacturer
                  only manufactures the Product for the Licensee;

            5.5.2 ensure that title to any plates or dies manufactured specially
                  for production of the Products are the property of the
                  Licensee and shall be returned to the Licensee by the
                  manufacturer on demand;

            5.5.3 only employ manufacturers after a full enquiry has been made
                  to ensure that they are of proper status; and

            5.5.4 ensure that any Products manufactured meet the Specifications.

      5.6   If the Licensee or its third party manufacturer require imagery or
            artwork additional to the Style Guide, the Licensee agrees to pay
            the price quoted from time to time by the Licensor in respect
            thereof.

<PAGE>

6.    USE AND PROTECTION OF INTELLECTUAL PROPERTY

      6.1   Every unit of the Products and all packaging, advertising and point
            of sale materials used in connection therewith and which
            incorporates the Intellectual Property shall bear the following
            statement which shall not be varied in any way by the Licensee
            without prior written consent of the Licensor:

            "(C) 2005 Maverick Entertainment and SMPL . Licensed by Peak
            Entertainment Ltd"

      6.2   The Licensee shall not use any of the Property as part of the
            Licensee's name or the name of any entity associated with it without
            the prior written consent of the Licensor.

      6.3   The Licensee shall not during the subsistence of this Agreement or
            at any time thereafter register or use any of the Intellectual
            Property in its own name as proprietor.

      6.4   The Licensee recognises the Licensor's title to the Intellectual
            Property and shall not claim any right title or interest in the
            Intellectual Property or any part of it save as is granted by this
            Agreement. Any Intellectual Property right that the Licensee shall
            acquire to the Products is hereby assigned to the Licensor and, if
            appropriate, the Licensee shall enter into a legal assignment of
            such Intellectual Property without payment.

      6.5   The Licensee recognizes that the copyright lines in any literary,
            artistic, musical or dramatic work generated or arising from the
            activities of the Licensee under this Agreement shall be the
            property of the Licensor and the Licensee with full title guarantee
            hereby assigns such copyright and all rights related thereto to the
            Licensor. If the Licensee requires or employs a third party to
            create any work in connection with this Agreement in respect of
            which copyright exists, the Licensee shall, prior to the third party
            creating the said work, obtain an assignment of such copyright and
            related rights in favour of the Licensor and the Licensee shall do
            all things necessary to ensure that the said copyright shall vest in
            the Licensor.

      6.6   The Licensee shall promptly call to the attention of the Licensor
            the use of any part of the Property by any third party or any
            activity of any third party which might be in the opinion of the
            Licensee amount to infringement or passing off.

<PAGE>

      6.7   The Licensee shall not assign the benefit of this Agreement or grant
            any sub-licence without prior written consent of the Licensor.

      6.8   The Licensee shall hold all goodwill generated by its operations
            under this Agreement as trustee for the benefit of the Licensor.

      6.9   Any designs or other works derived by the Licensee from the
            Intellectual Property or any part of it shall be held by the
            Licensee on trust for the Licensor and at the Licensor's request
            shall be assigned to the Licensor without compensation.

      6.10  The Licensee shall not, except with the prior written consent of the
            Licensor, make use of the name of the Licensor in any connection
            otherwise than is expressly permitted by this Agreement.

      6.11  If required by the Licensor, the Licensee will join with the
            Licensor to become a registered user of the Intellectual Property or
            any part of it.

7.    LICENSEE'S OBLIGATION AS TO MARKETING

      7.1   The Licensee shall ensure that the Products shall be on sale to the
            trade within twelve months, and on sale to the public within fifteen
            months of the commencement date of the Term.

      7.2   It is agreed by the Licensee that the Products will be sold only to
            recognised wholesale firms for resale to retail firms or to retail
            firms for resale to the public or direct to the public.

      7.3   The Licensee shall ensure so far as it is reasonable practicable
            that the Products are not supplied for resale as an integral part of
            any other product and shall not be supplied either directly or
            indirectly to other manufacturers or to hawkers, peddlers, street
            vendors and the like or to any person intending to distribute the
            Products gratuitously.

      7.4   The Licensee shall at all times use its reasonable endeavors to
            promote and sell the Products in the Territory.

      7.5   The Licensee shall only market and sell Products in an ethical
            manner having regard at all times to the image and reputation of the
            Property and shall therefore use good taste at all times.

<PAGE>

      7.6   The Licensee shall not harm, misuse or bring into disrepute the
            Property or the Licensor.

      7.7   The Licensee shall distribute and sell the Products only through the
            Distribution Channels as specified in Clause 1 of this Agreement.

8.    ACTION AGAINST THIRD PARTIES

      8.1   The Licensee shall have the no right to take action against third
            parties in respect of the Intellectual Property and if required to
            do so by the Licensor the Licensee shall co-operate fully with the
            Licensor in any such action the Licensee's expenses incurred in
            doing so being borne by the Licensor.

      8.2   All damages shall be the exclusive property of the Licensor provided
            that the Licensee shall be entitled to set-off any expenses which is
            able to claim from the Licensor pursuant to Clause 8.1.

      8.3   Any decisions to take action against third parties shall be solely
            at the discretion of the Licensor.

9.    TERMINATION

      Without prejudice to any right or remedy the Licensor may have against the
      Licensee for breach or non-performance of this Agreement, the Licensor
      shall have the right to immediately terminate this Agreement by serving
      the Licensee with written notice to that effect in the following
      circumstances.

      9.1   On the Licensee committing a breach of any provision of this
            Agreement and failing to remedy such breach within 30 days of
            receiving written notice specifying the breach and requiring remedy
            thereof;

      9.2   if the Licensee shall have any distress or executor levied upon it's
            goods or effects;

      9.3   on the Licensee becoming unable to pay its debts with the meaning of
            Section 123 Insolvency Act 1986, passing any resolution to wind
            itself up or on petition being presented to wind up the Licensee or
            if a Receiver or an Administrative Receiver of the Licensee's
            undertaking, property or assets or any part thereof is appointed or
            if an application is made for the appointment of an Administrator of
            the Licensee, or if the Directors of the Licensee propose a
            composition of debts or scheme of arrangements.

<PAGE>

      9.4   on the Licensee for any reason whatever nature being substantially
            prevented from performing or becoming unable to perform its
            obligations under this Agreement.

      9.5   on the Licensee assigning, sub-contracting or attempting to
            sub-contract or assign this Agreement without the prior written
            consent of the Licensor;

      9.6   if control of the Licensee shall pass from the present shareholders
            or owned or controlled by other persons whom the Licensor shall in
            it's absolute discretion regard as unsuitable;

      9.7   if the Licensee ceases or threatens to cease carrying on it's usual
            business for a period in excess of thirty (30) working days
            consecutively.

10.   TERMINATION CONSEQUENCES

      10.1  Upon termination of this Agreement whether by expiry of the Term or
            otherwise the Licensee shall forthwith discontinue manufacture of
            the Products.

      10.2  If the Licensee shall have any remaining stocks of the Products at
            the time of termination they may be disposed of by the Licensee in
            compliance with the terms of this Agreement for three months after
            termination but not otherwise.

      10.3  Any Products in the course of manufacture at the time of termination
            may be completed within 14 days and disposed of in compliance with
            Clause 10.2 of this Agreement but not otherwise.

11.   LICENSORS WARRANTY

      Licensor represents and warrants to the Licensee that:

      11.1  It has and will have throughout the Term of this Agreement, the
            right to exploit the Property in all media throughout the Territory.

      11.2  The rights granted herein do not, so far as the Licensor is aware,
            violate or infringe any agreements, rights or obligations existing,
            or to be created during the Term, of any person, firm or
            corporation.

12.   INDEMNITY

<PAGE>

      12.1  The Licensee shall indemnify and hold harmless the Licensor from and
            against any liability, loss, claim or proceedings whatsoever arising
            under any statute or at Common Law in respect of personal injury to
            or the death of any person and any injury or damage to any property
            real or personal arising from the sale of the Products unless such
            liability arises from the neglect or default of the Licensor.

      12.2  The Licensee shall have in force Public and Product Liability
            Insurance for not less than the equivalent of 1 million satisfactory
            to the Licensor and with the Licensor as additional named insured.

      12.3  The policies of insurance shall be shown to the Licensor whenever it
            requests together with satisfactory evidence of payment of premiums.

      12.4  The Licensor represents and warrants to Licensee that to the best of
            its knowledge the rights granted herein do not infringe on the
            proprietary or other rights of any government, individual, firm,
            company or corporation. It has the full right to grant this Licence
            and the Licensor shall indemnify and hold the Licensee harmless from
            and against any and all claims, actions, damages, losses,
            liabilities and expenses arising out of any claim that the Licensee
            may suffer in relation to its use of the rights granted in this
            agreement.

      12.5  Neither Party shall be liable to the other under or in relation to
            this Agreement for any indirect or consequential loss (including
            without limitation pure economic loss, loss of profits, loss of
            business, depletion of goodwill).

13.   INSPECTION

      The Licensee shall permit the Licensor at all reasonable times to inspect
      the Licensee's premises in order to satisfy itself that the Licensee is
      complying with its obligations under this Agreement.

14.   MISCELLANEOUS

      14.1  No Waiver

      No waiver by the Licensor of any of the Licensee's obligations under this
      Agreement shall be deemed effective unless made by the Licensor in writing
      nor shall any waiver by the Licensor in respect of any breach be deemed to
      constitute waiver of or consent to any subsequent breach by the Licensee
      of it's obligations.

      14.2  Severance

      In the event that any provision of this Agreement is declared by any
      judicial proceedings or other competent authority to be void, voidable or
      illegal the remaining provisions shall continue to apply unless the
      Licensor at the

<PAGE>

      Licensor's discretion decides that the effect is to defeat the original
      intentions of the Parties in which case it shall be entitled to terminate
      the Agreement by 30 days notice in which event the provisions of Clause 10
      shall apply.

      14.3  No Agency or Partnership

      The Parties are not partners nor joint venturers nor is the Licensee
      entitled to act as the Licensor's agent nor shall the Licensor be liable
      in respect of any representation act or omission of the Licensee whatever
      nature.

      14.4  Notices

      Any Notice to be served on either of the Parties by the other shall be
      sent by pre-paid recorded delivery or registered post or by facsimile to
      the address stated in Clause 1 and shall be deemed to have been received
      by the addressee with (three) 3 working days after posting or 24 hours of
      transmission if sent by facsimile.

      14.5  Choice of Law

      This Agreement shall be governed by English law in every particular
      including formation and interpretation and shall subject to the
      jurisdiction of the English Courts.

15.   TRANSMISSION OF BENEFIT

      15.1  This Agreement shall be binding upon and inure to the benefit of the
            Licensor and its successors and assigns.

      15.2  The Licensee may not assign or sub-licence the rights contained in
            this Agreement.

16.   INTEREST

      If any sums due hereunder remain unpaid for a period in excess of 14 days
      after they have become due to the Licensor the unpaid balance will accrue
      interest at the rate of 4% per annum above the base rate for the time
      being of Barclays Bank Plc.

17.   FORCE MAJEURE

      If the performance of this Agreement is prevented, restricted or
      interfered with by reason of circumstances beyond the reasonable control
      of the party obliged to perform it the party so affected upon giving
      proper notice to the other party shall be excused from performance to the
      extent of prevention, restriction or interference but the party so
      affected shall use its best efforts to avoid or remove such causes of
      non-performance and shall continue performance under the Agreement with
      the utmost dispatch whenever such causes are removed or diminished.

<PAGE>

18.   HEADINGS

      The headings of conditions are for convenience of reference only and shall
      not affect their interpretation.

19.   ENTIRE UNDERSTANDING AND VARIATION

      19.1  This Agreement including its Summary of Terms embodies the entire
            understanding of the parties in respect of the matters contained or
            referred to in it and there are no promises, conditions or
            obligations oral or written, expressed or implied other than those
            contained in this Agreement.

      19.2  No variation or amendment of this Agreement or oral promise or
            commitment related to it shall be valid unless committed to writing
            and signed by a director of the Owner.

20.   THE CONTRACTS (RIGHTS OF THIRD PARTIES) ACT 1999

      This Agreement does not create any right enforceable by any person nor a
      party to it provided that a person who is the permitted assignee or a
      successor to the Licensor is deemed to be a party to this Agreement.

<PAGE>

                                 SPECIFICATIONS

The Product shall be manufactured to a standard no lower than the sample
provided by the Licensee to the Licensor in accordance with Clause 5.2.

The material used in the manufacturing the Product shall be of no lower quality
than that used in the sample.

The colour and depiction of the material shall be as specified in the Style
Guide

SIGNED BY /s/ Paula Shorrocks

FOR AND ON BEHALF OF THE LICENSOR

SIGNED BY /s/

FOR AND ON BEHALF OF THE LICENSEE

<PAGE>

FROM:

DATE:
ROYALTY PERIOD:
PROPERTY:
TERRITORY:

<TABLE>
<CAPTION>
---------------- ---------------- ---------------- --------------- ---------------- -------------- ----------------- --------------
     PRODUCT        PIECES SOLD      TOTAL GROSS     TOTAL GROSS        TOTAL           ROYALTY           LESS            TOTAL
   DESCRIPTION     DURING PERIOD     SALES VALUE     SALES VALUE     GROSS SALES           %            ADVANCES         PAYABLE
                                     AT START OF      AT END OF       VALUE FOR                      NOT CLAIMED
                                        PERIOD         PERIOD          PERIOD
---------------- ---------------- ---------------- --------------- ---------------- -------------- ----------------- --------------
<S>              <C>              <C>              <C>             <C>               <C>            <C>              <C>
---------------- ---------------- ---------------- --------------- ---------------- -------------- ----------------- --------------

---------------- ---------------- ---------------- --------------- ---------------- -------------- ----------------- --------------

---------------- ---------------- ---------------- --------------- ---------------- -------------- ----------------- --------------

---------------- ---------------- ---------------- --------------- ---------------- -------------- ----------------- --------------

---------------- ---------------- ---------------- --------------- ---------------- -------------- ----------------- --------------
                                                                                                    PLUS VAT
                                                                                                   ----------------- --------------
                                                                                                    TOTAL
                                                                                                   ----------------- --------------

</TABLE>

Signed
(Licensee)

Please complete in capital letters and return to:
Peak Entertainment Ltd
Bagshaw Hall, Bagshaw Hill, Bakewell, Derbyshire, DE45 1DL

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