Sample Business Contracts

Exclusive Output Agreement [Amendment No. 1] - BAM! Entertainment Inc. and Franchise Films Inc.

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                               FIRST AMENDMENT TO
                           EXCLUSIVE OUTPUT AGREEMENT

This Amendment is made and entered into this ___ day of April, 2001, by and
between BAM! Entertainment, Inc. ("Bay") and Franchise Films, Inc.
("Franchise"). Bay and Franchise are collectively referred to as the "Parties."


    A. The Parties have entered into the Exclusive Output Agreement dated April
7, 2000 (the "Original Agreement").

    B. The Parties now desire to amend the Agreement.

    C. The Original Agreement refers to Bay as Bay Multimedia, Inc., and the
First Amendment refers to Bay as Bay Area Multimedia, Inc. The correct name of
Bay is BAM! Entertainment, Inc.

    NOW, THEREFORE, the Parties agree as follows:

    1. Capitalized Terms. Capitalized terms not defined herein shall have the
meanings set forth in the Original Agreement.

    2. Effect of Amendment. The Agreement will remain in full force and effect
except to the extent expressly modified by this Amendment.

    3. Bay Common Stock. Section 4.a. of the Agreement is deleted and amended in
its entirety as follows:

        "4.    EQUITY INTEREST.

               a. Bay Common Stock. Franchise shall be entitled to receive an
        aggregate total of One Hundred Forty Six Thousand Two Hundred Fifty
        (146,250) post-split shares of Bay Common Stock (the "Equity Interest").
        (On May 11, 2000, the Articles of Incorporation of Bay were amended and
        restated, authorizing 5,000,000 shares of Common Stock and 976,220
        shares of Series A Preferred Stock. Each outstanding share of Common
        Stock was combined and reconstituted into .195 shares of Common Stock.)
        These shares shall accrue and be payable to Franchise in ten (10) equal
        installments (each installment representing one-tenth (1/10) of the
        Equity Interest) within ten (10) business days from initial United
        States theatrical release of each of the first ten (10) Included

    4. Counterparts. This Amendment may be executed in counterparts, each of
which shall be deemed an original and all of which together shall constitute one

<PAGE>   2

    The Parties have executed this Amendment as of the date set forth above.


                                        BAM! Entertainment, Inc.
                                        333 West Santa Clara Blvd., Suite 960
                                        San Jose, CA  95118

                                        By:    /s/ Raymond C. Musci
                                               Raymond C. Musci, President


                                        Franchise Films, Inc.
                                        8591 Wonderland Avenue
                                        Los Angeles, CA  90046

                                        By:    /s/ Elie Samaha

                                        Title: Chairman