0000950144-06-011348 Sample Contracts

THIRD AMENDED AND RESTATED OPERATING AGREEMENT FOR PLAYBOY TV — LATIN AMERICA, LLC A CALIFORNIA LIMITED LIABILITY COMPANY
Operating Agreement • December 6th, 2006 • Claxson Interactive Group Inc • Television broadcasting stations • California

This Third Amended and Restated Operating Agreement (this “Agreement”) of Playboy TV — Latin America, LLC, a limited liability company organized under the laws of the State of California (the “Company”), is made and entered into on November 10, 2006, by and between Playboy Entertainment Group, Inc., a Delaware corporation (together with its permitted successors and assigns “PEGI”) and Lifford International Co. Ltd., an International Business Company incorporated under the laws of the British Virgin Islands (together with its permitted successors and assigns “Lifford”), with reference to the following facts:

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PLAYBOY TV — LATIN AMERICA AMENDED AND RESTATED PROGRAM SUPPLY AND TRADEMARK LICENSE AGREEMENT Between PLAYBOY ENTERTAINMENT GROUP, INC. as Licensor and PLAYBOY TV — LATIN AMERICA, LLC as Company November 10, 2006
Program Supply and Trademark License Agreement • December 6th, 2006 • Claxson Interactive Group Inc • Television broadcasting stations • New York

THIS AMENDED AND RESTATED PROGRAM SUPPLY AND TRADEMARK LICENSE AGREEMENT (this “Agreement”) is entered into on November 10, 2006, between Playboy Entertainment Group, Inc., a Delaware corporation (“PEGI”), and Playboy TV–Latin America, LLC, a California limited liability company (including its subsidiaries, collectively the “Company”).

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