IWERKS ENTERTAINMENT INC
AGREEMENT
<DOCUMENT>
<TYPE>EX-10.29
<SEQUENCE>4
<FILENAME>0004.txt
<DESCRIPTION>AGREEMENT
<TEXT>


                            IWERKS ENTERTAINMENT INC.
                                 BONUS AGREEMENT

     This Bonus Agreement (the "Agreement") is made and entered into effective
as of March 22, 2000 by and between IWERKS ENTERTAINMENT, INC., a Delaware
corporation (the "Company"), and JEFF M. DAHL ("Employee").

     AS APPROVED BY THE BOARD OF DIRECTORS, THE PARTIES AGREE AS FOLLOWS:

1.   BONUS. The company shall pay to Employee a one-time cash bonus of One
     Hundred Thousand Dollars ($100,000) if either (or both) of the
     following occurs: (i) a Change in Control, or (ii) the Company engages in
     an equity financing transaction (or series of related transactions) whereby
     the Company issues Company stock, preferred stock or other equity
     securities, or options, warrants or other rights to acquire the same and
     receives gross proceeds from the financing of not less than Three Million
     Dollars ($3,00,000). Any payment owing under this Section shall be made by
     the Company within 10 business days after the occurrence of the triggering
     event specified in clause (i) or (ii), as applicable.

2.   GENERAL PROVISIONS. This Agreement shall be governed by and construed in
     accordance with the laws of the State of California applicable to contracts
     entered into in California between California residents. If any provision
     of this Agreement is for any reason found by a court of competent
     jurisdiction to be unenforceable, the remainder of this Agreement shall
     continue in full force and effect. This Agreement embodies the entire
     agreement between parties and supersedes all prior agreements and
     understanding between the parties with respect to its subject matter. This
     Agreement may not be changed unless mutually agreed upon in writing by both
     parties.

     IN WITNESS WHEREOF, the parties have executed this Agreement as of the date
     set forth above.

                COMPANY:     Iwerks Entertainment Inc., a Delaware Corporation


                             By:     /s/ Don Iwerks
                                     -----------------------------------------
                             Title:  Chairman, Interim CEO

                             By:     /s/ Gary Matus
                                     -----------------------------------------
                             Title:  Board Director


                EMPLOYEE:    /s/ Jeff M. Dahl
                             -------------------------------------------------
                             Jeff M. Dahl
                             Chief Financial Officer

</TEXT>
</DOCUMENT>
