|  (1) | China Youth Interactive      Cultural Media (Beijing) Co., Ltd., a limited liability      company duly established and existing under the laws of the People’s      Republic of China (“PRC” or “China”) with its      domicile at 5th      Floor, Huaxia Bank Building, 22 Jianguomennei Street, Dongcheng District,      Beijing, China (hereinafter, “CYI”); |
|-----------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (2) | China Youth Net Advertising Co.      Ltd., a limited liability      company duly established and existing under the laws of the PRC with its      domicile at Room 705, 38, Chaowai Street, Chaoyang District, Beijing,      China (hereinafter, “CYN      Ads”); and |
|-----|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (3) | Youth Media (Hong Kong)      Limited, a company duly organized and existing under the laws of      Hong Kong, with its registered address at Level 28, Three Pacific Place, 1      Queen’s Road East, Hong Kong (“YMHK”). |
|-----|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (A) | CYI      is a business entity ultimately controlled by China Youth League and is      entrusted by China Youth League to develop, set up and operate a      comprehensive network platform with on-campus students as targeted users      and to provide information and related value-added services through such      network under China Youth League, and CYI has obtained an exclusive      authorization from the Movie and Television Network Center of China Youth      League      (the “Center”) for      that purpose. Related to that, the Center, which is a also controlled by      China Youth League, has been approved by the PRC State Administration of      Radio, Film and Television (“SARFT”) and issued an      Online Video-Audio License (as defined here below) and a Mobile Network      Video-Audio License (as defined here below) by the same authority for      dissemination of video and audio contents through an information      network.; |
|-----|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (B) | CYN      Ads was granted by China Youth Net Technology (Beijing) Co., Ltd. (“CYN”), which is one of      the shareholders of CYI holding 51% of CYI’s total equity interest, with      certain advertising rights to place advertisements through networks under      the auspices of CYN; |
|-----|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (C) | YMHK      owns or has access to technologies, media contents and other desired      resources that are valuable to the network operated or to be operated by      CYI; and |
|-----|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (D) | CYI      and YMHK are willing to cooperate with each other with respect to the      aforesaid network and any other business opportunities in related      areas; |
|-----|-------------------------------------------------------------------------------------------------------------------------------------------------------------------|

----

| 2. | Cooperation      and Grant of Rights |
|----|--------------------------------------|

----

| 2.1.1 | CYI      on the one side and YMHK on the other side agree to cooperate with each      other to develop, build and operate a fully managed Campus Network. The      Center is holding the Information Network Video-Audio Content      Dissemination License      issued by SARFT with the series no. 0105108 (the “Online Video-Audio      License”) and CYI is holding the Telecommunication and Information      Service Business License      issued by the Telecommunication Administrative Bureau of Beijing, China      with the series no. 070249 (the “ICP License”), both of      which licenses are required for the setup, development and operation of      the Campus Network. The Center has granted an exclusive authorization to      CYI (“the Center’s      Authorization”) to entrust CYI to setup, develop and operate the      Campus Network. |
|-------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 2.1.2 | At      the initial stage, the Campus Network is a network that is only accessible      on the campuses of universities and colleges in the Territory. CYI will,      by itself or through any of its Affiliates, launch a mobile network (the      “Mobile Campus      Network”) for distribution of student-targeted video-audio contents      via mobile network as soon as practicable after the signing of this      Agreement. For that purpose, the Center is holding an Approval on Mobile      Network Video-Audio Content Dissemination      issued by SARFT with the series no. of Guang Ju Wang Zi [2009] No.      5 (the “Mobile      Network Video-Audio License”).  CYI and YMHK agree that,      upon the launch of such Mobile Campus Network, CYI and YMHK will expand      their cooperation under this Agreement to such Mobile Campus Network. It      is the intention of CYI and YMHK that later on, upon their mutual      agreement, they may expand the Campus Network in manner permitted and      appropriate in law so that it is accessible by the public via the      Internet. |
|-------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 2.1.3 | The      Campus Network will be deployed across a centrally controlled and      protected system and will make use both of proprietary software systems      and technologies controlled by YMHK and its Affiliates and software      systems and technologies controlled by others (the “Technology”). YMHK will      license to CYI and will cause its relevant Affiliates to license to CYI      for use by the Campus Network in the Territory any Technology YMHK or its      relevant Affiliate might control and has the right to license. Related to      this, YMHK has established Youth Media (Beijing) Limited, a      wholly-foreign-owned company 100% invested by and owned by YMHK in      Beijing, China (“YMBJ”) to provide to CYI      with relevant business, commercial, operational and technical supports,      assistances and services with respect to the setup, operation, maintenance      and expansion of the Campus Network according to a separate agreement      between CYI and YMBJ (the “Commercial and Technical      Services Agreement”). |
|-------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | It      is the agreement of CYI and YMHK that the board of directors of YMBJ shall      be composed of five (5) directors, of which three (3) shall be nominated      by YMHK (and one of them shall be the chairman and legal representative of      YMBJ) and the other two (2) nominated by CYI. Further, the articles of      association of YMBJ shall contain appropriate provisions that certain      significant business matters of YMBJ shall require unanimous approval of      all five directors or with substantially the same  effect. |
|--------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | CYI      and YMHK also agree that if requested by CYI, YMBJ shall have a deputy      general manager, the candidate of which shall be nominated by CYI. YHMK      and CYI shall cause and ensure the board of directors and the general      manager of YMBJ to appoint such candidate nominated by CYI from time to      time as YMBJ’s deputy general manager according to the articles of      association of YMBJ. |
|--------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

----

| 2.1.4 | The      Campus Network will deliver a range of content (the “Content”) from premium      international and domestic entertainment providers that is to be sourced      by YMHK and/or its Affiliates or by CYI or its Affiliates independently or      with the help of YMHK and/or its Affiliates, and it is also anticipated by      the Parties that to the extent permitted by applicable law and beneficial      to the Campus Network and the cooperation contemplated in this Agreements,      the Campus Network may also deliver Content by the end users of the Campus      Network, provided      that the Content to be delivered via the Campus Network shall be      subject to review and approval by CYI and relevant authorities of China      that are required by applicable laws, rules and media control policies of      China or are otherwise reasonably believed as necessary or beneficial to      the smooth operation of the Campus Network. All Intellectual Property      Rights and other proprietary rights in any translated, amended, revised or      updated Content independent created by YMHK or any of its Affiliates shall      automatically vest in YMHK or its relevant Affiliate, while YMHK agrees      that CYI shall have the right to use such Content for free on the Campus      Network only. |
|-------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 2.1.5 | It      is the intention of the Parties that at the initial stage of the      Cooperation, the Content of the Campus Network (excluding Mobile Campus      Network) shall be advertiser supported and provided free to end users,      while the Parties may explore and discuss in the future to introduce a      business model of the Campus Network under which the end users shall pay      fees to view or download the Content from the Campus Network or access to      other services provided by the Campus Network. The Technology will permit      the Campus Network to process the Content enabling the Content to be      served with advertisements. CYI and YMHK contemplate that a business based      on the Campus Network will be established whereby advertisers will be      procured who will pay advertising fees to have their advertisements placed      in or around the Content on the Campus Network. Whereever possible,      advertising on all Content delivered through the Campus Network will be      tracked. |
|-------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 2.2 | Cooperation |
|-----|-------------|

| 2.2.1 | In      addition to other responsibilities provided in this Agreement, CYI will      and will cause all their Affiliatesto: |
|-------|-----------------------------------------------------------------------------------------------------------------------------|

|   | (a) | provide      all reasonable assistance to assure the legal and smooth operation of the      Campus Network, especially that the Center shall provide all reasonable      assistance to ensure the legal distribution of video-audio contents which      can be accessed via the CampusNetwork; |
|--------|-----|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | (b) | make      all efforts to expand the user base of the Campus Network by entering into      cooperation agreements with universities and colleges for setting up      servers in such universities orcolleges; |
|--------|-----|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | (c) | marketing      the Campus Network on all current internet sites owned or controlled by      CYN or its Affiliates and provide linked banners and/or menu access of the      Campus Network from the home page for internet sites owned or controlled      by CYN or its Affiliates; |
|--------|-----|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | (d) | make      the Campus Network available via CERN, and after the launch of the Mobile      Campus Network, via China Mobile, every day and week of every year,      subject, however, to system-wide downtime, and provide the Campus Network      with access to and use of data centers, bandwidth rates, service code, and      channel owned or controlled by CYI; |
|--------|-----|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | (e) | fully      assist YMHK and YMHK Affiliates in protecting its Intellectual Property      Rights and other rights to the full extent permitted in    law; |
|--------|-----|---------------------------------------------------------------------------------------------------------------------------------------------------------|

----

|   | (f) | be      responsible and ensure that all information (including, but not limited      to, the Content) to be disseminated through the Campus Network shall be in      compliant with all applicable legal requirements;  and |
|--------|-----|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | (g) | source      or create Content for the CampusNetwork. |
|--------|-----|------------------------------------------------------|

| 2.2.2 | In      addition to other responsibilities provided in this Agreement, YMHK will      and/or cause its relevant Affiliates to, to the extent permitted by      applicable laws: |
|-------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | (a) | license      to CYI for use by the Campus Network in China any Technology they      currently control and have the right to license, according to this      Agreement and any other relevant agreement(s) relating to the cooperation      contemplated in this Agreement; |
|--------|-----|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | (b) | advise      on the concept and design of the CampusNetwork; |
|--------|-----|-------------------------------------------------------------|

|   | (c) | through      YMBJ, provide to CYI with relevant business, commercial, operational and      technical supports, assistances and services with respect to the setup,      operation, maintenance and expansion of the Campus Network, according to      the Commercial and Technical Services Agreement;  and |
|--------|-----|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | (d) | source      or cause the sourcing of international Content for the Campus      Network. |
|--------|-----|-----------------------------------------------------------------------------------------|

|   | (a) | exclusive      right to advertise on the Campus Network and to source advertising      business for this purpose; |
|--------|-----|-------------------------------------------------------------------------------------------------------------------|

|   | (b) | exclusive      right to sell and operate the commercial campus marketing events, provided that CYI’s      previous written consents of such events shall be  required; |
|--------|-----|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | (c) | right      to provide foreign commercial content to the Campus Network (excluding      non-profit, educational content exchange and those contents that are not      permitted to be disseminated through the Campus Network under applicable      Chinese laws);  and |
|--------|-----|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | (d) | enjoy      the rights with respect to the setup, operation, maintenance and expansion      of the Campus Network according to the Commercial and Technical Services      Agreement. |
|--------|-----|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 2.5 | Confirmation of CYN      Ads |
|-----|------------------------------|

----

|   | CYN      Ads hereby expressly acknowledges and agrees to the cooperation and      granting of rights to YMHK under this Agreement and surrenders whatever      rights it has or may have obtained from CYN, CYI, or any other party      regarding the Campus Network, especially those which are or may be in      conflict or compete with, or may interfere with the exercise of, the      rights granted to YMHK under thisAgreement. |
|--------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 2.6 | Compensation to      CYI |
|-----|--------------------------|

|   | YMHK      agrees that as consideration for granting of rights to YMHK under this      Agreement, YMHK will give compensation to CYI side in an amount equal to      20% of YMBJ’s annual after-tax profits and dividends, if any, as audited      by YMBJ’s independent auditor and which YMHK will obtain from YMBJ for      each financial year of YMBJ during the Term of this Agreement. CYI agrees      that YMHK will direct YMBJ to make such compensation to CYN no later than      30 days after YMBJ’s annual audited financial statements are duly approved      by YMBJ’s board of directors. CYI and YMHK agree that such compensation      constitutes all compensation of any kind to CYI and its shareholders,      employees or Affiliates for this Agreement and the cooperation      contemplated in this Agreement (except for those other payments to CYI, if      any, that are specifically provided in other agreements between CYI, YMHK      and/or YMBJ). |
|--------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | CYI      and CYN Ads agree and acknowledge that (a) the payments and      compensation specifically described in this Agreement and other agreements      between relevant parties in connection with the cooperation project      contemplated hereby constitute and represent full payment, satisfaction      and discharge of any and all amounts CYI and CYN Ads, their shareholders,      directors, employees or Affiliates are entitled to arising out of or in      connection with this Agreement and the cooperation project contemplated by      this Agreement, and that (b) the execution and delivery of this Agreement      by CYI and CYN Ads shall operate as a full release and discharge of any      past and present claims among the Parties related to compensation under      this Agreement and other relevant agreements, except for the specific      obligations provided herein and therein.   |
|--------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

----

|   | (a) | none      of them will appoint any other licensee or otherwise delegate any right to      any third person (including any CYN Affiliate) which will in any way      influence or impact the cooperation contemplated by this Agreement or any      right that has been granted to YMHK under this  Agreement; |
|--------|-----|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | (b) | none      of them will undertake or become involved in any business or activity      which, in the reasonable opinion of YMHK, competes or may compete with the      Campus Network or will in any way influence or impact the cooperation      contemplated by this Agreement or any right that has been granted to YMHK      under this Agreement; |
|--------|-----|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | (c) | they      will cause and make sure all their Affiliates, directors, officers and      employees also to be bound by the same obligations set out in Clauses      3.2(a) and (b) above. |
|--------|-----|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

----

| 4.2.1 | Either      CYI on the one side or YMHK on the other side may terminate this      Agreement: |
|-------|----------------------------------------------------------------------------------------------|

|   | (a) | if      the Commercial and Technical Services Agreement is terminated according to      its terms; |
|--------|-----|----------------------------------------------------------------------------------------------------|

|   | (b) | if      the other side commits a material breach of this Agreement which is not      capable of being remedied; |
|--------|-----|-----------------------------------------------------------------------------------------------------------------|

|   | (c) | if      the other side commits a material breach of this Agreement which is      capable of being remedied but not remedied within thirty (30) days upon      receiving written notice from the non-breaching side requiring remedy;      and |
|--------|-----|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 4.2.2 | Upon      termination of the Agreement, CYI shall terminate the transmission of the      Content with immediate effect, and any and all agreements between two or      more of the Parties shall also be terminated  immediately. |
|-------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | (a) | It      is duly organized and validly existing under the laws of the jurisdiction      where it is incorporated or established and has full legal capacity and      power to enter into and perform this Agreement and any other agreement      related to the cooperation contemplated by this Agreement to which it is a      party; |
|--------|-----|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

----

|   | (b) | its      execution, delivery and performance of this Agreement and any other      agreement related to the cooperation contemplated by this Agreement to      which it is a party have been duly authorized by all necessary corporate      action required to be taken by it. This Agreement has been, and each other      agreement related to the cooperation contemplated by this Agreement to      which it is a party upon execution and delivery thereof will have been,      duly executed and delivered by it, and has constituted or will constitute      the legal, valid and binding obligation of it, enforceable against it in      accordance with their terms. |
|--------|-----|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | (i) | its      execution, delivery and performance of this Agreement and any other      agreement related to the cooperation contemplated by this Agreement to      which it is a party does not and willnot: |
|--------|-----|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | (x) | require      any authorization, consent, filing, registration or notice of or with any      government agency in the PRC; or |
|--------|-----|------------------------------------------------------------------------------------------------------------------------------|

|   | (y) | result      in any violation or breach of any agreement, obligation or order to which      it is a party or to which it issubject. |
|--------|-----|------------------------------------------------------------------------------------------------------------------------------------|

|   | (a) | they      are and shall remain entitled to grant to YMHK all rights granted under      this Agreement, free of all third-party liens, claims and encumbrances;      and |
|--------|-----|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | (b) | with      respect to the granting of the rights to YMHK under this Agreement, they      have acquired all requisite licenses, permissions and clearances from any      and all third parties for YMHK to exercise the rights granted      herein. |
|--------|-----|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 7.1 | CYI      on the one part and YMHK on the other part (each a “Indemnifying Party”)      shall be responsible and liable to fully indemnify the other side, the      other side’s Affiliates, and directors, officers and employees of the      other side and its Affiliates (collectively, the “Indemnitees” and each an      “Indemnitee”) and      hold each such Indemnitee harmless from and against any and all costs,      expenses, loss, damages, liabilities, claims and proceedings which may be      incurred or suffered by or taken against each such Indemnitee in relation      to: |
|-----|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | (a) | the      exercise of the rights granted herein to CYI on the one part or YMHK on      the other part (as the case may be);and |
|--------|-----|-------------------------------------------------------------------------------------------------------------------------------|

|   | (b) | any      breach by the Indemnifying Party of any provision of this Agreement or any      act, default, omission or negligence of any nature on the part of the      Indemnifying Party and any of their officers, employees or agents and      otherwise howsoever in connection with the rights hereby      granted. |
|--------|-----|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 8.1 | The      Parties agree that all information, materials or documents that any Party      has accessed due to the execution and performance of this Agreement or      because of its connection with this Agreement, and which are indicated by      the other Party/Parties to be confidential shall be kept secret and shall      not be disclosed to any third party without the written consent of the      relevant other Party. |
|-----|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

----

| 8.2 | The      Parties agree that no Party shall use the documents, materials or      information obtained from the other Party/Parties for purposes other than      those provided in this Agreement or those necessary or beneficial to the      cooperation contemplated in this Agreement, or provide such documents,      materials or information to any third party, either directly or      indirectly. |
|-----|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 8.3 | The      above Clauses 8.1 and 8.2 are not applicable to a Party’s disclosure      (a) to its advisors, agents, shareholders, directors or officers, (b) to      financial institutions and banks whose consent or financing will be      obtained for the transaction contemplated hereby, (c) as may be compelled      in a judicial or administrative proceeding or as otherwise required by law      (in which case the disclosing Party shall notify the other Parties in      writing promptly thereof), and (d) as may be required by government or      regulatory authorities or stock exchanges or agencies that have      jurisdiction over a Party (or its Affiliate) or the transaction      contemplated hereby (in which case the disclosing Party shall notify the      other Parties in writing promptlythereof). |
|-----|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

----

| 10.    | Other      Provisions                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             |
|--------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              |
| 10.1   | Entire      Agreement                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             |
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              |
|   | This      Agreement shall replace the Cooperation Agreement entered into by and      among the same Parties hereto and CYN on May 29, 2008. But this Agreement      shall not have any impact over the effect and validity of the contracts,      agreements and documents entered into or signed by relevant parties for      the implementation of the cooperation contemplated    hereunder.                                                                                                                                                                                                                                                                   |
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              |
| 10.2   | Amendments                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        |
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              |
|   | Any      amendments to this Agreement shall be made through written agreements      executed by duly authorized representatives of the  Parties.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  |
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              |
| 10.3   | Severability                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      |
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              |
|   | Any      provision of this Agreement that is prohibited or unenforceable in any      jurisdiction shall, as to such jurisdiction, be ineffective to the extent      of such prohibition or unenforceability without invalidating the remaining      provisions hereof, and any such prohibition or unenforceability in any      jurisdiction shall (to the full extent permitted by law) not invalidate or      render unenforceable such provision in any other    jurisdiction.                                                                                                                                                                                 |
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              |
| 10.4   | No Waiver                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         |
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              |
|   | Unless      waived by writing, failure by a Party to enforce any term of this      Agreement upon another Party’s default under this Agreement shall not be      deemed as a waiver of future enforcement of that or any other term in this      Agreement. Failure or delay of a Party to enforce any of its rights under      this Agreement shall not be deemed as a waiver of such    right.                                                                                                                                                                                                                                                            |
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              |
| 10.5   | Notices                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           |
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              |
|   | All      notices, requests, demands and other communications required or permitted      under this Agreement shall be in writing in both Chinese and English and      shall be deemed to have been duly given and made upon being delivered to      the recipient party by recognized courier service, fax transmission (with      confirmation of receipt) for those parties having a fax number listed      below or by registered or certified mail (postage prepaid, return receipt      requested), and addressed to the applicable address set forth below or      such other address as may be designated in writing hereafter by the      recipientparty: |

| If      to CYI:     | 16th      Floor, Changbao Plaza, 1 An Hua Bei Li, Guangqumennei Street, Chongwen      District, Beijing, China |
|---------------------|----------------------------------------------------------------------------------------------------------------|
|                |                                                                                                           |
|                | Attn:      Ouyang Xiangqun                                                                                     |
|                |                                                                                                           |
|                | Fax      no: (86 10) 5133 6877                                                                                 |
|                |                                                                                                           |
| If      to CYN Ads: | Room      705, 38, Chaowai Street, Chaoyang District, Beijing,  China                                          |
|                |                                                                                                           |
|                | Attn:      Ouyang Xiangqun                                                                                     |
|                |                                                                                                           |
|                | Fax      no: (86 10) 5133 6877                                                                                 |
|                |                                                                                                           |
| If      to YMHK:    | 4143      Glencoe Avenue, Marina Del Rey, California 90292                                                     |
|                |                                                                                                           |
|                | Attn:      Jay Rifkin                                                                                          |
|                |                                                                                                           |
|                | Fax      no: (1 310) 6519629                                                                                   |

----

| 10.6   | Successors and Assigns                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              |
|--------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                |
|   | This      Agreement shall bind and inure to the benefit of each Party's respective      successors and permitted assigns. Unless otherwise expressly permitted in      this Agreement, no Party shall have the right to assign any of its rights      hereunder or any interest herein without obtaining the prior written      consent of the other Parties, and any purported assignment made without      obtaining such written consent shall be null and void, provided, however, that      YMHK may transfer its rights and obligations hereunder to its Affiliates      without the need for consent from the other Parties. |
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                |
| 10.7   | Language                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            |
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                |
|   | This      Agreement is made in both Chinese and English, and both language versions      are equally valid. All exhibits and schedules attached hereto, if any,      shall constitute an inseparable part of this Agreement and have the same      force as the text of this Agreement.                                                                                                                                                                                                                                                                                                                                             |
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                |
| 10.8   | Counterparts                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        |
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                |
|   | This      Agreement shall be made in three (3) originals for each language version,      with each Party holding one ofthem.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        |

----

|   | China Youth Interactive      Cultural Media (Beijing) Co., Ltd. |
|--------|-----------------------------------------------------------------|

|   | By:/s/                                  |
|--------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | China      Youth Net Advertising Co. Ltd. |
|--------|-------------------------------------------|

|   | By:/s/                                  |
|--------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | Youth      Media (Hong Kong) Limited |
|--------|--------------------------------------|

|   | By:/s/                                  |
|--------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|