METAPHOR CORPORATION
DISCLOSURE SCHEDULE

 
The following disclosure schedules (the “Schedules”) are provided in connection
with the Sale and Purchase Agreement, dated as of May 12, 2005 (the
“Agreement”), by and among Metaphor Corporation, a Nevada corporation (the
“Acquiror”), 8 Holdings LLC, a Colorado limited liability company (“8
Holdings”), Hong Kong Huicong International Group Limited, a British Virgin
Islands company (the “Shareholder”), each of Wu Xian, Li Shuangqing, Shen Qizhi
and Wang Li Hong (collectively, “CMN Management”) and China Media Network
International Inc., a British Virgin Islands company (the “Company”).
Capitalized terms used but not defined herein shall have the respective meaning
ascribed to such terms in the Agreement.
 
The Schedules are qualified in their entirety by reference to Section 6 of the
Agreement. The Schedules may include items or information which the Acquiror is
not required to disclose under the Agreement and disclosure of such items or
information shall not affect the interpretation of the Agreement or the scope of
the disclosure obligations thereunder. Inclusion of information herein shall not
be construed as an admission that such information is material to the business,
financial position or results of operation of the Acquiror.
 
Every matter, document or item referred to or described in any part of the
Schedules shall be deemed to be disclosed for all purposes and under each
category or part of these Schedules to which such matter, document or item is
relevant.

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

Section 6.2.3

None.

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

Section 6.2.4

None.

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

Section 6.3

There are no outstanding contracts or commitments relating to the issuance, sale
or transfer of Acquiror Common Stock, other than contracts to be entered into
for the sale and purchase of shares of Acquiror Common Stock in connection with
the financing to be consummated by the Acquiror prior to Closing, and the shares
to be issued to the Acquiror Stockholder prior to Closing, pursuant to that
certain Stock Purchase Agreement, dated as of April 7, 2005, by the Acquiror
Stockholder, the Acquiror and Mark L. Baum, an individual (“Mr. Baum”).
Accordingly, as of Closing, the number of shares of Acquiror Common Stock that
will be issued and outstanding will be in excess of 509,705 shares.
 

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

Section 6.5

None.

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

Section 6.7

1.  
1998, US and California Income and Tax Returns

2.  
1999,US and California Income and Tax Returns

 
The Acquiror believes that it did file California and Federal Income and Tax
returns for calendar years 2000 and 2001; however, it does not possess copies of
these returns.
 
The Acquiror has not filed Federal or State tax returns for the calendar years
2002, 2003 and 3004. The Acquiror is the process of making such filings with the
state and federal authorities. During the subject periods, there was no
operational activity within the company.

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

Section 6.10

1.  
2004 Stock Incentive Plan.

2.  
2003 Stock Incentive Plan, as amended.

3.  
2002 Professionals Stock Compensation Plan.

4.  
2001-2002 Consultants Stock Option Plan.

All of the 6.10 disclosure documents are on file with the US SEC.

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

Section 6.11

None.

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

Section 6.14

Changes made to the Acquiror’s Common Stock capital subsequent to the end of
calendar year 2004 were disclosed in Form 8-K's filed with the US Securities and
Exchange Commission ("SEC") on January 7, 2005, February 3, 2005 and March 10,
2005. Additional related disclosures were made with the SEC in a Form 10-KSB on
March 11, 2005 and an amended Form 10-KSB filed with the SEC on March 15, 2005.

On April 6, 2005, the Acquiror entered into a mutual release and settlement
agreement with A.P.U. Holdings, Inc., 4117 Investments, Ltd., Grant Thornton
Limited, Fasken Martineau DuMoulin, Davis & Co., Brian Child, Esq. and Mark L.
Baum, Esq. This matter related to a stagnant lawsuit ("Lawsuit") filed by
American Boardsports Corporation, a predecessor entity to the Acquiror, on April
27, 2001. Under British Columbia law, the venue where the Lawsuit was filed,
although the Lawsuit had not been active for many years, the defending party had
the right to file a Notice of Intent to Proceed ("NOIP"), serve the NOIP upon
the other parties to the Lawsuit, and bring resolution to their respective
claim. Upon receipt of service of the NOIP, Mark L. Baum ("Baum") engaged in
settlement discussions with Brian Child, Esq., an attorney with the firm of
Davis & Co. of Vancouver, BC, Canada and counsel for A.P.U. Holdings, Inc., the
party serving the NOIP. A USD $5,000 settlement was immediately reached. Baum
agreed to gift the Acquiror $5,000.00 which was tendered to the signature
parties to the mutual release and settlement agreement. The matter is now
completely resolved by and among all parties to the Lawsuit.

On April 7, 2005, the Acquiror executed a Specific Power of Attorney with Harlan
Kleiman of Sausalito, California.

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

Section 6.15.1(a)

1.  
Mutual Release and Settlement Agreement dated April 6, 2005 by and among the
Acquiror, A.P.U. Holdings, Inc., 4117 Investments, Ltd., Grant Thornton Limited,
Fasken Martineau DuMoulin, Davis & Co., Brian Child, Esq., and Mark L. Baum,
Esq.

2.  
Release and Settlement Agreement dated January 21, 2005 by and between the
Company and The Baum Law Firm, PC.

3.  
Release and Settlement Agreement dated March 2, 2005 by and between the Company
and The Baum Law Firm PC.

4.  
Specific Power of Attorney to Harlan Kleiman dated April 7, 2005.

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

Section 6.15.1(b)

None.

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

Section 6.15.1(c)

None.

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

Section 6.15(d)

Please see chart below. It is Acquiror’s intent to attempt to negotiate
compromises and settlements with any and all parties the Acquiror has identified
as a rightful claimant or debtholder.

METAPHOR CORPORATION DEBTS AS OF APRIL 14, 2005: $79,256

Accounts Payable: $21,759

Debt Holder
Amount of Debt
Kennan Kaeder
$21,759

Demand Loans: $32,500

Debt Holder
Amount of Debt
Branfman & Associates
$2,000
Northern Trust Bank
$25,452
Express One
$5,048

Convertible Debentures: $25,000

Debt Holder
Amount of Debt
Patel
$25,000

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

Section 6.17.

None.