Character trademark collection with emphasis on: Entertainment

License Grant

As stated in a report dated August 5, 2009, the Licensor has Licensed some characters to major motion picture studios for use in motion pictures. For example, the Licensor currently has a License with the Licensee to produce motion pictures featuring the Spider-Man family of characters.  The Licensor also has outstanding Licenses with studios for a number of our other characters, including The Fantastic Four, X-Men (including Wolverine), Daredevil/Elektra, Ghost Rider, Namor the Sub-Mariner and The Punisher.  Under these Licenses, the Licensor retains control over merchandising rights.  The Licensor intends to self-produce, rather than License, all future films based on our characters that have not been Licensed to third parties.

License Grant

The Company entered into a non-exclusive toy licensing agreement with Licensee with respect to The Adventures with Kanga Roddy television program.

License Property

'Trademarks' being licensed to Licensee are Kanga Roddy and all related characters.

'ADVENTURES WITH KANGA RODDY' is a television program aimed at pre-school and primary school children. The Kanga Roddy Series will use martial arts values such as humility, discipline and respect, with the added elements of song, contemporary music, dance, vibrant colors and exciting movements to attempt to capture the young audience's attention. The Kanga Roddy Series features a six-foot tall kangaroo character named Kanga Roddy who is a martial arts expert. Unlike other television shows which feature violence, Kanga Roddy never fights because he understands that conflict can always be resolved with knowledge, compassion, humility, respect and an open mind.

Field of Use

This agreement pertains to the media entertainment industry.

License Grant

We hereby consent to your exclusive, worldwide ownership and use of the two-word phrase 'NATIONAL LAMPOON' (and all variations thereof, such as 'NL' and 'NatLamp' or other variations specifically approved in writing by us prior to their use, which approval shall not be unreasonably withheld, delayed or conditioned) (hereafter, the 'Mark') as the name of, trade name, trademark, and service mark for and in connection with:  (i) The goods and services to this agreement, which is incorporated herein by this reference ('Core Rights'); and (ii) The sale and offering for sale of all other products and services now known or hereafter developed that are not expressly prohibited hereunder ('Other Rights').

License Property

Licensed marks refers to the two-word phrase 'NATIONAL LAMPOON' (and all variations thereof, such as 'NL' and 'NatLamp' or other variations specifically approved in writing by us prior to their use, which approval shall not be unreasonably withheld, delayed or conditioned) (hereafter, the 'Mark') as the name of, trade name, trademark, and service mark for and in connection with.

Field of Use

'CORE RIGHTS' shall mean the sole and exclusive worldwide right to display and use the Mark in connection with the recording, production, sale, license, promotion, broadcast, and other distribution and/or exploitation of any and all forms of the following products and services, and the right to release, distribute, exhibit, perform, advertise, promote, publicize and otherwise exploit such products and services and/or other derivative works based thereon by any and all means and in any and all media, whether now known or hereafter devised, including, without limitation, theatrical, non-theatrical, pay-per-view, home video (including videocassettes, digital videodiscs, laser discs and all other formats), and forms of television (including pay, free, network, syndication, cable, satellite and digital), video-on-demand, and all forms of digital distribution and/or transmission (including without limitation any electronic, online, or Internet distribution), CD-ROM, compact disc, cassette tapes, DATs, LPs, fiberoptic and any other exhibition, broadcast or delivery system:

(i) Print publications (including without limitation books, musical publications, comic books, and single issue publications derived from preexisting exploitation of Core Rights (e.g., a one-time magazine-format publication exploiting the characters and/or story depicted in the motion picture National Lampoon's Animal House) and all issues and reissues of prior publications bearing the Mark, up to and including the fall 1998 issue of National Lampoon Magazine) (collectively, 'Permitted Publications') but excluding future magazines, other periodicals and pamphlets;
(ii) Motion pictures (including without limitation sequels, prequels, remakes, musicals and/or serials, cinematography, films and photoplays of every kind and character whatsoever, including the sound recordings thereof, as well as trailers and clips thereof, produced by means of any photographic, electrical, electronic, mechanical or other processes or devices now known or hereafter invented, by which photographs, pictures, images or other visual reproductions or representations are or may be fixed in any tangible medium of expression, whether translucent or not, for later projection, display or exhibition in such a manner that the same are, or appear to be, in motion on screen, mirror, tube or any other medium or device now known or hereafter developed, whether or not accompanied by sound recordings);
(iii) Television programming (including without limitation series, mini-series, specials, variety shows, awards shows, 'making of' programs, and made-for-television motion pictures);
(iv) Radio programming (including without limitation live and/or pre-recorded); (v) Sound recordings (including without limitation music, spoken word, and/or sound effects of any kind or nature), and
(vi) Live performances (including without limitation stage shows, touring shows, stand up, college tours, sketch comedy, theater, concerts, and audience participation events).
(vii) Merchandising, including, without limitation, toys, board games, computer software, video and other electronic games, apparel (including tee shirts, sweatshirts, sweat pants, footwear, hats, jackets, coats, shirts, pants, gloves, and scarves), umbrellas, rainwear, calendars, greeting cards, posters, cups, sports bottles, packaged food and beverages, and all other commercial tie-ins with any of (i)-(vi) above, and any other goods and services customarily exploited in connection with printed and filmed entertainment products and services.

Specifically excluded from the scope of 'Core Rights' and included in 'Other Rights' are: (i) Theme park and other 'themed' attractions including themed restaurants, themed comedy clubs, themed cruises, theme parks and themed hotels; and (ii) Restaurant services.

License Grant

The Company grants to Licensee the non-exclusive, non-transferable right, license and privilege of using Licensor's trademark artwork depicting one or more of the characters and other distinctive creative elements appearing in the television series entitled King of the Hill.

License Property

The Proprietary Subject Matter: shall consist of: (1) artwork depicting one or more of the characters and other distinctive creative elements appearing in the television series entitled King of the Hill; and (2) the title logo of the Property (Trademark).

The Licensed Articles shall consist of Adults' and children's T-shirts, sweatshirts and tank tops and boy's and men's underwear consisting of boxer shorts, all utilizing the Proprietary Subject Matter.

Field of Use

The rights granted apply to the film entertainment industry.

License Grant

Licensor hereby grants to Licensee the exclusive world-wide license and right to utilize the Property but solely upon and in connection with (i) the creation, promotion and operation of the Internet social networking websites identified as may be amended from time to time (the 'DDM Websites'), incorporated herein by reference; and (ii) the sale and distribution of subscription services and other products and/or services (the 'Related Products and Services') related to the DDM Websites (collectively, together with the DDM Websites, the 'Licensed Activities').

License Property

Licensor has distribution rights in and to, without limitation, the names, characters, stories, storylines, plots, dialogue, incidents, episodes, language, artwork, symbols, logos, designs, depictions, likensses, formats, poses, concepts, themes, and graphic photographic, video, and other visual and audio representations of, relating to and associated with the Productions and incorporated herein by reference (which distribution rights to such names, characters, etc., and/or each of the individual components thereof shall hereinafter be referred to as the 'Property'), said Property being known and recognized by the general public and associated in the public mind with Licensor.

DESCRIPTION OF LICENSED PROPERTY

'Zoey 101' (65 episodes)

'Ned's De-Classified School Survival Guide' (55 episodes)

'Roxy Hunter' TV movie franchise (4 tv movies)

'Shredderman Rules' (1 tv movie)

'Last Day of Summer' (1 tv movie)

'Gym Teacher' (1 upcoming tv movie)

'Spectacular' (1 upcoming tv movie musical)

'Soul Surfer:  The Bethany Hamilton Story' (1 upcoming feature film)

'Millennium Kiss' (1 upcoming feature film)

Field of Use

Under the License, the Licensee is authorized to use the Licensor's brand properties in connection with the creation, promotion and operation of subscription based Internet social networking websites for children and young adults.