Document:

EX-10.3

Exhibit 10.3

SunTrust Banks, Inc.

2009 Stock Plan

CPP Long Term

Restricted Stock Agreement

SunTrust Banks, Inc. (“SunTrust”), a Georgia corporation, pursuant to action of the
Compensation Committee (“Committee”) of its Board of Directors and in accordance with the SunTrust
Banks, Inc. 2009 Stock Plan (“Plan”), has granted restricted shares of SunTrust Common Stock, $1.00
par value (“Restricted Stock”), upon the following terms as an incentive for Grantee to promote the
interests of SunTrust:

 

	 	 	 	 	 
	Name of Grantee

	 	 
	 	[Name]
	 	 	 
	Shares of

Restricted Stock

	 	

 
	 	

[# of Shares]
	 	 	 
	Grant Date

	 	 
	 	[Grant Date]

This Restricted Stock Agreement (the “Stock Agreement”) evidences this Grant, which has been
made subject to all the terms and conditions set forth on the attached Terms and Conditions and in
the Plan.

 

	 
	SUNTRUST BANKS, INC.

	   

	 

	Authorized Officer

§ 1. EFFECTIVE DATE. This Grant of Restricted Stock to the Grantee is effective as of
[Grant Date] (the “Grant Date”).

§ 2. VESTING. All shares of Restricted Stock, if not earlier vested, shall vest on the third (3rd)
anniversary of the Grant Date (the “Vesting Date”), provided that on the Vesting Date, the Grantee
is an active employee of SunTrust or a Subsidiary and has been in the continuous employment of
SunTrust or a Subsidiary from the Grant Date through the Vesting Date, and further
provided the Company has repaid its obligations under the U.S. Treasury’s Capital Purchase
Program (“CPP). In no event shall the shares of Restricted Stock vest, and Grantee shall forfeit
the shares of Restricted Stock, if Grantee shall not have continued to perform substantial services
for the Company for at least two years from the date of grant, other than due to the employee’s
death or disability, or a change in control event (as defined in 26 CFR 1.280G–1, Q&A– 27 through
Q&A–29 or as defined in 26 CFR 1.409A–3(i)(5)(i)) with respect to the Company before the second
anniversary of the date of grant. If Grantee is not an active employee of SunTrust or a Subsidiary
on the Vesting Date, Grantee forfeits all rights to any shares that would otherwise vest on the
Vesting Date; provided, however, shares may vest prior to the Vesting Date in accordance with the
provisions of § 3 or § 4. If the Company has not repaid its obligations under the U.S. Treasury’s
Capital Purchase Program (“CPP”), on the vesting date, then the Shares of Restricted Stock shall
not vest or otherwise become transferable until such CPP repayment (except as necessary to reflect
a merger or acquisition of the Company), except that: (i) 25% of the shares of Restricted Stock
granted may vest at the time of repayment of 25% of the aggregate obligations of the Company under
the CPP; (ii) an additional 25% of the shares of Restricted Stock granted (for an aggregate total
of 50% of the shares of Restricted Stock granted) may vest at the time of repayment of 50% of the
aggregate obligations of the Company under the CPP; (iii) an additional 25% of the shares of
Restricted Stock granted (for an aggregate total of 75% of the shares of Restricted Stock granted)
may vest at the time of repayment of 75% of the aggregate obligations of the Company under the CPP;
and (iv) the remainder of the shares of Restricted Stock granted may vest at the time of repayment
of 100% of the aggregate obligations of the Company under the CPP. In calculating such percentages,
the portion of the restricted stock units transferred or sold to pay taxes shall not count toward
the percentages above.

§ 3. ACCELERATED VESTING: CHANGE IN CONTROL. (a) Any shares of Restricted Stock not previously
vested shall vest on the date that all of the following events have occurred: (i) there is a Change
in Control of SunTrust on or before the Vesting Date; (ii) the Grantee’s employment with SunTrust
terminates after the date of such Change in Control and at any time before the third anniversary of
the date of such Change in Control, and (iii) such termination of Grantee’s employment is either
(1) involuntary on the part of the Grantee and does not result from his or her death or disability
within the meaning of Section 22(e)(3) of the Internal Revenue Code of 1986, as amended (the
“Code”), and does not constitute a Termination for Cause, or (2) voluntary on the part of the
Grantee and constitutes a Termination for Good Reason.

(b) Termination for Cause – means a termination of employment which is made primarily because of
(i) the Grantee’s willful and continued failure to perform his job duties in a satisfactory manner
after written notice from SunTrust to Grantee and a thirty (30) day period in which to cure such
failure, (ii) the Grantee’s conviction of a felony or engagement in a dishonest act,
misappropriation of funds, embezzlement, criminal conduct or common law fraud, (iii) the Grantee’s
material violation of the Code of Business Conduct and Ethics of SunTrust or the Code of Conduct of
a Subsidiary, (iv) the Grantee’s engagement in an act that materially damages or materially
prejudices SunTrust or any Subsidiary or the Grantee’s engagement in activities materially damaging
to the property, business or reputation of SunTrust or any Subsidiary; or (v) the Grantee’s failure
and refusal to comply in any material respect with the current and any future amended policies,
standards and regulations of SunTrust, any Subsidiary and their regulatory agencies, if such
failure continues after written notice from SunTrust to the Grantee and a thirty (30) day period in
which to cure such failure, or the determination by any such governing agency that the Grantee may
no longer serve as an officer of SunTrust or a Subsidiary.

Notwithstanding anything herein to the contrary, if the Grantee is subject to the terms of a change
in control agreement with SunTrust (the “Change in Control Agreement”) at the time of his
termination of employment with SunTrust or a Subsidiary, solely for purposes this Stock Agreement,
“Cause” shall have the meaning provided in the Change in Control Agreement.

(c) Termination for Good Reason – means a termination of employment made primarily because of (i) a
failure to elect or reelect or to appoint or to reappoint Grantee to, or the removal of Grantee
from, the position which he or she held with SunTrust prior to the Change in Control, (ii) a
substantial change by the Board or supervising management in Grantee’s functions, duties or
responsibilities, which change would cause Grantee’s position with SunTrust to become of less
dignity, responsibility, importance or scope than the position held by Grantee prior to the Change
in Control or (iii) a substantial reduction of Grantee’s annual compensation from the lesser of:
(A) the level in effect prior to the Change in Control or (B) any level established thereafter with
the consent of Grantee.

Notwithstanding anything herein to the contrary, if the Grantee is subject to the terms of a Change
in Control Agreement at the time of his termination of employment with SunTrust or a Subsidiary,
solely for purposes of this Stock Agreement, “Good Reason” shall have the meaning provided in the
Change in Control Agreement.

§ 4. TERMINATION OF EMPLOYMENT.

(a) If prior to the Vesting Date, the Grantee’s employment with SunTrust and its Subsidiaries
terminates for any reason other than those described in § 4(b), § 4(c), or § 4(d), and the
termination does not result in accelerated vesting as described in § 3, then any shares of
Restricted Stock that are not then vested shall be completely forfeited on the date of such
termination of Grantee’s employment. Notwithstanding anything in § 4 to the contrary, if Grantee’s
employment with SunTrust and its Subsidiaries is terminated “For Cause,” as described above, any
Restricted Stock which has not vested and become nonforfeitable prior to the effective date of such
termination will immediately and automatically without any action on the part of the Grantee or
SunTrust, be forfeited by the Grantee.

(b) If the Grantee’s employment with SunTrust terminates prior to the Vesting Date as a result of
the Grantee’s (i) death, or (ii) disability within the meaning of Code Section 22(e)(3), then any
shares of Restricted Stock not previously vested shall be vested immediately on the date of such
termination of Grantee’s employment.

(c) If the Grantee’s employment with SunTrust terminates prior to a Vesting Date as a result of the
Grantee’s Retirement, then a pro-rata number of shares shall be vested based on the Grantee’s
service completed from the Grant Date through the date of such termination of the Grantee’s
employment. For purposes of this Stock Agreement, “Retirement” means the voluntary termination of
employment by the Grantee from SunTrust or its Subsidiaries on or after attaining age 55 and having
completed five (5) or more years of service as determined in accordance with the terms of the
SunTrust Banks, Inc. Retirement Plan, as amended from time to time (the “Retirement Plan”). A
Grantee who is vested in the Retirement Plan benefit but terminates employment before attaining age
55 or completing at least five (5) years of service is not treated for purposes of this Stock
Agreement as terminating employment due to Retirement.

(d) If the Grantee’s employment with SunTrust is involuntarily terminated by reason of a reduction
in force which results in Grantee’s eligibility for payment of a severance benefit pursuant to the
terms of the SunTrust Banks, Inc. Severance Pay Plan or any successor to such plan, then a pro-rata
number of shares shall be vested based on the Grantee’s service completed from the Grant Date
through the date of such termination of Grantee’s employment.

(e) For purposes of § 4(c) or 4(d) above, the pro-rata calculation shall be made by multiplying the
number of shares of Restricted Stock that are not then vested by a fraction, the numerator of which
is equal to the number of days from the Grant Date through the date of such termination of
employment, and the denominator of which is equal to the number of days from the Grant Date through
the Vesting Date.

§ 5. GRANTEE’S RIGHTS DURING RESTRICTED PERIOD.

(a) During any period when the shares of Restricted Stock are forfeitable, the Grantee may
generally exercise all the rights, powers, and privileges of a shareholder with respect to the
shares of Restricted Stock, including the right to vote such shares and to receive all regular cash
dividends and any stock dividends, and such other distributions as the Committee may designate in
its sole discretion, that are paid or distributed on such shares of Restricted Stock. Any Stock
dividends declared on a share of Restricted Stock shall be treated as part of the Grant of
Restricted Stock and shall be forfeited or become nonforfeitable at the same time as the underlying
Stock with respect to which the Stock dividend was declared.

(b) No rights granted under the Plan or this Stock Agreement and no shares issued pursuant to this
Grant shall be deemed transferable by the Grantee other than by will or by the laws of descent and
distribution prior to the time the Grantee’s interest in such shares has become fully vested.

§ 6. DELIVERY OF VESTED SHARES.

(a) Shares of Restricted Stock that have vested in accordance with § 2, § 3 or § 4 shall be
delivered (via certificate or such other method as the Committee determines) to the Grantee as soon
as practicable after vesting occurs.

(b) By accepting shares of Restricted Stock, the Grantee agrees not to sell shares at a time when
applicable laws or SunTrust’s rules prohibit a sale. This restriction will apply as long as the
Grantee is an employee, consultant or director of SunTrust or a Subsidiary of SunTrust. Upon
receipt of nonforfeitable shares subject to this Stock Agreement, the Grantee agrees, if so
requested by SunTrust, to hold such shares for investment and not with a view of resale or
distribution to the public, and if requested by SunTrust, the Grantee must deliver to SunTrust a
written statement satisfactory to SunTrust to that effect. The Committee may refuse to deliver (via
certificate or such other method as the Committee determines) any shares to Grantee for which
Grantee refuses to provide an appropriate statement.

(c) To the extent that Grantee does not vest in any shares of Restricted Stock, all interest in
such shares shall be forfeited. The Grantee has no right or interest in any share of Restricted
Stock that is forfeited.

§ 7. WITHHOLDING.

(a) Upon the vesting of any shares of Restricted Stock, the Grantee must pay to SunTrust any
applicable federal, state or local withholding tax due as a result of the vesting. Alternatively,
if the Grantee makes a proper Code Section 83(b) election, the Grantee must notify SunTrust in
accordance with the requirements of Code Section 83(b) and promptly pay to SunTrust the applicable
federal, state, and local withholding taxes due with respect to the shares of Restricted Stock
subject to the election.

(b) The Committee shall have the right to reduce the number of shares of Stock delivered (via
certificate or such other method as the Committee determines) to the Grantee to satisfy the minimum
applicable tax withholding requirements, and the Grantee shall have the right (absent any such
action by the Committee and subject to satisfying the requirements under Rule 16b-3) to elect that
the minimum applicable tax withholding requirements be satisfied through a reduction in the number
of shares of Stock delivered (via certificate or such other method as the Committee determines) to
him.

§ 8. NO EMPLOYMENT RIGHTS. Nothing in the Plan or this Stock Agreement or any related material
shall give the Grantee the right to continue in the employment of SunTrust or any Subsidiary or
adversely affect the right of SunTrust or any Subsidiary to terminate the Grantee’s employment with
or without cause at any time.

§ 9. OTHER LAWS. SunTrust shall have the right to refuse to issue or transfer any shares under this
Stock Agreement if SunTrust acting in its absolute discretion determines that the issuance or
transfer of such Stock might violate any applicable law or regulation.

§ 10. MISCELLANEOUS.

(a) This Stock Agreement shall be subject to all of the provisions, definitions, terms and
conditions set forth in the Plan and any interpretations, rules and regulations promulgated by the
Committee from time to time, all of which are incorporated by reference in this Stock Agreement.

(b) The Plan and this Stock Agreement shall be governed by the laws of the State of Georgia
(without regard to its choice-of-law provisions).

(c) Any written notices provided for in this Stock Agreement that are sent by mail shall be deemed
received three (3) business days after mailing, but not later than the date of actual receipt.
Notices shall be directed, if to Grantee, at Grantee’s address indicated by SunTrust’s records and,
if to SunTrust, at SunTrust’s principal executive office.

(d) If one or more of the provisions of this Stock Agreement shall be held invalid, illegal or
unenforceable in any respect, the validity, legality and enforceability of the remaining provisions
shall not in any way be affected or impaired thereby and the invalid, illegal or unenforceable
provisions shall be deemed null and void; however, to the extent permissible by law, any provisions
which could be deemed null and void shall first be construed retroactively to permit this Stock
Agreement to be construed so as to foster the intent of this Stock Agreement and the Plan.

(e) This Stock Agreement (which incorporates the terms and conditions of the Plan) constitutes the
entire agreement of the parties with respect to the subject matter hereof. This Stock Agreement
supersedes all prior discussions, negotiations, understandings, commitments and agreements with
respect to such matters.EX-10.1

Exhibit 10.1

EXECUTIVE EMPLOYMENT AGREEMENT

This EXECUTIVE EMPLOYMENT AGREEMENT (the “Agreement”) is entered into as of
December 30, 2009 by and between SearchMedia Holdings Limited, a company incorporated and existing
under the laws of the Cayman Islands (the “Company”), and Mr. Wilfred Chow, an individual
(the “Executive”) and effective on the Effective Date (as hereinafter defined). The term
“Company” as used herein with respect to all obligations of the Executive hereunder shall be deemed
to include the Company and all of its direct or indirect parent companies, subsidiaries,
affiliates, or subsidiaries or affiliates of its parent companies (collectively, the “SM
Group”).

RECITALS

A. The Company desires to employ the Executive and to assure itself of the services of the
Executive during the term of Employment (as defined below).

B. The Executive desires to be employed by the Company during the term of Employment and under the
terms and conditions of this Agreement.

AGREEMENT

The parties hereto agree as follows:

	1.	 	POSITION

The Executive hereby accepts a position of Chief Financial Officer (the
“Employment”) of the Company.

	2.	 	TERM

Subject to the terms and conditions of this Agreement, the initial term of the Employment
shall be three years, commencing on January 4, 2010 (the “Effective Date”), until
January 4, 2013, unless terminated earlier pursuant to the terms of this Agreement. Upon
expiration of the initial three-year term, the Employment shall be automatically extended
for successive one-year terms unless either party gives the other party hereto written
notice to terminate the Employment no less than 60 days, and no more than 120 days, prior to
the expiration of such one-year term or unless terminated earlier pursuant to the terms of
this Agreement.

	3.	 	DUTIES AND RESPONSIBILITIES

The Executive’s duties at the Company will include all jobs assigned by the Board of
Directors of the Company (the “Board”) or the Chief Executive Officer (“CEO”). The
Executive will report directly to the CEO.

The Executive shall devote all of his working time, attention and skills to the performance
of his duties at the Company and shall faithfully and diligently serve the Company in
accordance with this Agreement and the guidelines, policies and procedures of the Company
approved from time to time by the Company.

The Executive shall use his best efforts to perform his duties hereunder. The Executive
shall not, without the prior written consent of the Board, become an employee or consultant
of any entity other than the Company and/or any member of the SM Group, and shall not carry
on or be interested in the business or entity that competes with that carried on by the SM
Group (any such business or entity, a “Competitor”), provided that nothing in this
clause shall preclude the Executive from holding any shares or other securities of any
Competitor that is listed on any securities exchange or recognized securities market
anywhere. The Executive shall notify the Company in writing of his interest in such shares
or securities in a timely manner and with such details and particulars as the Company may
reasonably require.

	4.	 	NO BREACH OF CONTRACT

The Executive hereby represents to the Company that: (i) the execution and delivery of this
Agreement by the Executive and the performance by the Executive of the Executive’s duties
hereunder shall not constitute a breach of, or otherwise contravene, the terms of any other
agreement or policy to which the Executive is a party or otherwise bound, except for
agreements that are required to be entered into by and between the Executive and any member
of the SM Group pursuant to applicable law of the jurisdiction where the Executive is based,
if any; (ii) that the Executive has no information (including, without limitation,
confidential information and trade secrets) relating to any other person or entity which
would prevent, or be violated by, the Executive entering into this Agreement or carrying out
his duties hereunder; (iii) that the Executive is not bound by any confidentiality, trade
secret or similar agreement (other than this) with any other person or entity except for
other member(s) of the SM Group, as the case may be.

	5.	 	LOCATION

The Executive will be based in, and shall work from, Shanghai, China on a full time basis.
Subject to pre-approval by the Company, Executive shall be reimbursed for his reasonable
relocation expenses to the Shanghai, China area. If, within one year from the date of
Executive’s relocation, Executive voluntarily terminates his employment with the Company for
any reason other than by the Executive for Good Reason pursuant to Section 7(c) herein,
Executive will be required to refund all relocation expenses to the Company within 30 days
of his termination date.

	6.	 	COMPENSATION AND BENEFITS

	 	(a)	 	Cash Compensation. The Executive’s cash compensation shall be
provided by the Company pursuant to Schedule A-1 hereto, subject to annual
review and adjustment by the Board. The Company and the Executive hereby agree that
any of the Company’s subsidiaries’ or affiliated entities’ payment of the cash
compensation payable for the applicable time period under its labor contract with the
Executive shall constitute payment of part of the above cash compensation. The
Executive’s entitlement to the aggregate cash compensation payable by the Company and
any of the Company’s subsidiaries or affiliated entities shall not exceed the amount
set out in Schedule A-1 hereto.

	 	(b)	 	Equity Incentives. The Executive will be eligible to participate in
any of the Company’s equity incentive plans as determined by the Board, consistent with
the terms provided to the Company’s other senior officers. Subject to approval by the
Company’s Board of Directors and the execution of a stock option agreement which will
govern the terms and conditions contained in a stock option agreement to be entered
into by you and the Company prior to the grant, you will receive the equity award
listed on Schedule A-2 (the “Initial Grant”). Following a Company Change of
Control Transaction (as hereinafter defined), all unvested options under the Initial
Grant shall vest upon the closing of the Change of Control Transaction.

	 	(c)	 	Benefits. The Executive is eligible for participation in any standard
employee benefit plan of the Company, including any health insurance plan and annual
holiday plan.

	 	(d)	 	Certain Definitions. For purposes of this Agreement, a Change of
Control Transaction shall mean (a) any sale, lease, exchange or other transfer (in one
transaction or a series of transactions) of all or substantially all of the assets of
the Company other than to a Company Affiliate; (b) any consolidation or merger or other
business combination of the Company with any other entity, other than a Company
Affiliate, where the shareholders of the Company, immediately prior to the
consolidation or merger or other business combination would not, immediately after the
consolidation or merger or other business combination, beneficially own, directly or
indirectly, shares representing fifty percent (50%) of the combined voting power of all
of the outstanding securities of the entity issuing cash or securities in the
consolidation or merger or other business combination (or its ultimate parent
corporation, if any); or (c) the Board of the Company adopts a resolution to the effect
that a “Change In Control” has occurred for purposes of this Agreement. Company
Affiliate shall mean any affiliate of the Company, including without limitation,
Phillip Frost, Frost Gamma Investments Trust, The Frost Group, LLC or any of their
respective members or affiliates.

	7.	 	TERMINATION OF THE AGREEMENT

	 	(a)	 	By the Company with cause. The Company may terminate the Executive’s
Employment for cause, at any time, without advance notice or remuneration, if (1) the
Executive is convicted or pleads guilty to a felony or to an act of fraud,
misappropriation or embezzlement, (2) the Executive has been grossly negligent or acted
dishonestly to the detriment of the Company, (3) the Executive has engaged in actions
amounting to gross misconduct or failed to perform his duties hereunder and such
failure continues after the Executive is afforded a reasonable opportunity to cure such
failure, (4) the Executive has died, or (5) the Executive has a disability which shall
mean a physical or mental impairment which, as reasonably determined by the Board,
renders the Executive unable to perform the essential functions of his employment with
the Company, even with reasonable accommodation that does not impose an undue hardship
on the Company, for more than 180 days in any 12-month period, unless a longer period
is required by applicable law, in which case that longer period would apply.

	 	(b)	 	By the Company without cause. The Company may terminate the
Executive’s Employment without cause, at any time, upon one-month prior written notice
to the Executive during the first year after the Effective Date, or two-month prior
written notice to the Executive during any period after the first anniversary of the
Effective Date.

	 	(c)	 	By the Executive for Good Reason. If there is a material and
substantial reduction in the Executive’s existing authority and responsibilities and
such resignation is approved by the Board, the Executive may resign upon one-month
prior written notice to the Company during the first year after the Effective Date, or
two-month prior written notice to the Company during any period after the first
anniversary of the Effective Date.

	 	(d)	 	Notice of Termination. Any termination of the Executive’s employment
under this Agreement shall be communicated by written notice of termination from the
terminating party to the other party. The notice of termination shall indicate the
specific provision(s) of this Agreement relied upon in effecting the termination.

	 	(e)	 	Remuneration upon Termination. Upon the Company’s termination of the
Employment without cause pursuant to Section 7(b) above or the Executive’s resignation
upon the Board’s approval pursuant to Section 7(c) above and upon the execution of a
general release agreement in a form reasonably acceptable to the Company, the Company
will provide remuneration to the Executive as follows: (1) if such termination or
resignation becomes effective during the first year after the Effective Date, the
Company will provide the Executive with a severance pay equal to three months base
salary of the Executive; (2) if such termination or resignation becomes effective
during any period after the first anniversary of the Effective Date, the Company will
provide the Executive with a severance pay equal to six months base salary of the
Executive; and (3) the Company will vest any options of the Initial Grant that would
have vested during the applicable severance period. Except for the foregoing, the
Executive shall not be entitled to any severance payments or benefits upon the
termination of the Employment for any reason, unless otherwise agreed to by the
Company. Any payments made pursuant to Section 7(e)(1) or Section 7(e)(2) shall be paid
in accordance with the Company’s normal payroll cycles in effect on the termination or
resignation date.

	 	(f)	 	Termination by Executive for No Reason. The Executive may terminate
his Employment for any reason, at any time, upon 90 days prior written notice to the
Company.

	 	(g)	 	Compliance with Internal Revenue Code Section 409A and 457A. This
Agreement is intended to comply with the requirements of Internal Revenue Code (the
“Code”) Section 409A and 457A, as applicable, and the corresponding regulations and
related guidance, and shall be administered in accordance with Section 409A and Section
457A, to the extent such sections apply. To the extent Section 409A or Section 457A
applies, the parties agree to work together to ensure any payments pursuant to Section
7(d) of this Agreement comply with Section 409A and Section 457A, as applicable.

	8.	 	CONFIDENTIALITY AND NONDISCLOSURE

	 	(a)	 	Confidentiality and Non-disclosure. In the course of the Executive’s
services, the Executive may have access to the Company and/or the Company’s client’s
and/or prospective client’s trade secrets and confidential information, including but
not limited to those embodied in memoranda, manuals, letters or other documents,
computer disks, tapes or other information storage devices, hardware, or other media or
vehicles, pertaining to the Company and/or the Company’s client’s and/or prospective
client’s business. All such trade secrets and confidential information are considered
confidential. All materials containing any such trade secret and confidential
information are the property of the Company and/or the Company’s client and/or
prospective client, and shall be returned to the Company and/or the Company’s client
and/or prospective client upon expiration or earlier termination of this Agreement.
The Executive shall not directly or indirectly disclose or use any such trade secret or
confidential information, except as required in the performance of the Executive’s
duties in connection with the Employment, or pursuant to applicable law.

	 	(b)	 	Trade Secrets. During and after the Employment, the Executive shall
hold the Trade Secrets in strict confidence; the Executive shall not disclose these
Trade Secrets to anyone except other employees of the Company who have a need to know
the Trade Secrets in connection with the Company’s business. The Executive shall not
use the Trade Secrets other than for the benefits of the Company.

“Trade Secrets” means information deemed confidential by the Company,
treated by the Company or which the Executive know or ought reasonably to have known
to be confidential, and trade secrets, including without limitation designs,
processes, pricing policies, methods, inventions, conceptions, technology, technical
data, financial information, corporate structure and know-how, relating to the
business and affairs of the Company and its subsidiaries, affiliates and business
associates, whether embodied in memoranda, manuals, letters or other documents,
computer disks, tapes or other information storage devices, hardware, or other media
or vehicles. Trade Secrets do not include information generally known or released
to public domain through no fault of the Executive.

	 	(c)	 	Former Employer Information. The Executive agrees that he has not and
will not, during the term of his employment improperly use or disclose any proprietary
information or trade secrets of any former employer, unless the former employer has
been acquired by the Company, or other person or entity with which the Executive has an
agreement to keep in confidence information acquired by Executive, if any. The
Executive will indemnify the Company and hold it harmless from and against all claims,
liabilities, damages and expenses, including reasonable attorneys’ fees and costs of
suit, arising out of or in connection with any violation of the foregoing.

	 	(d)	 	Third Party Information. The Executive recognizes that the Company may
have received, and in the future may receive, from third parties their confidential or
proprietary information subject to a duty on the Company’s part to maintain the
confidentiality of such information and to use it only for certain limited purposes.
The Executive agrees that the Executive owes the Company and such third parties, during
the Executive’s employment by the Company and thereafter, a duty to hold all such
confidential or proprietary information in the strictest confidence and not to disclose
it to any person or firm and to use it in a manner consistent with, and for the limited
purposes permitted by, the Company’s agreement with such third party.

This Section 8 shall survive the termination of this Agreement for any reason. In the
event the Executive breaches this Section 8, the Company shall have right to seek any and
all remedies at law or in equity.

	9.	 	NON-COMPETITION AND NON-SOLICITATION

(a) In consideration of the base salary provided to the Executive by the Company hereunder,
the adequacy of which is hereby acknowledged by the parties hereto, the Executive agrees
that during the term of the Employment and for a period of one year following the
termination of the Employment for whatever reason:

(i) The Executive will not approach clients, customers or contacts of the Company or
other persons or entities introduced to the Executive in the Executive’s capacity as
a representative of the Company for the purposes of doing business with such persons
or entities which will harm the business relationship between the Company and such
persons and/or entities;

(ii) unless expressly consented to by the Company, the Executive will not seek
directly or indirectly, by the offer of alternative employment or other inducement
whatsoever, to solicit the services of any employee of the Company employed as at or
after the date of such termination, or in the year preceding such termination.

(b) In consideration of the base salary provided to the Executive by the Company hereunder,
the adequacy of which is hereby acknowledged by the parties hereto, the Executive agrees
that during the term of the Employment and for a period of one year thereafter (except in
the event of a Termination by the Company without cause pursuant to Section 7(b) or in the
event of a Termination by the Executive for Good Reason pursuant to Section 7(c)), following
the termination of the Employment for whatever reason, unless expressly consented to by the
Company, the Executive will not assume employment with or provide services for any
Competitor, or engage, whether as principal, partner, licensor or otherwise, in any
Competitor.

(c) In consideration of the base salary provided to the Executive by the Company hereunder,
the adequacy of which is hereby acknowledged by the parties hereto, the Executive agrees
that in the event of a Termination by the Company without cause pursuant to Section 7(b) or
in the event of a Termination by the Executive for Good Reason pursuant to Section 7(c),
then during the term of the Employment and for the period of the duration of the severance
pay described in Section 7(e)(1) or Section 7(e)(2), as appropriate, unless expressly
consented to by the Company, the Executive will not assume employment with or provide
services for any Competitor, or engage, whether as principal, partner, licensor or
otherwise, in any Competitor.

The provisions contained in this Section 9 are considered reasonable by the Executive and
the Company. In the event that any such provisions should be found to be void under
applicable laws but would be valid if some part thereof was deleted or the period or area of
application reduced, such provisions shall apply with such modification as may be necessary
to make them valid and effective.

This Section 9 shall survive the termination of this Agreement for any reason. In the event
the Executive breaches this Section 9, the Executive acknowledges that there will be no
adequate remedy at law, and the Company shall be entitled to injunctive relief and/or a
decree for specific performance, and such other relief as may be proper (including monetary
damages if appropriate). In any event, the Company shall have right to seek any and all
remedies permissible at law or in equity.

	10.	 	ASSIGNMENT

This Agreement is personal in its nature and neither of the parties hereto shall, without
the consent of the other, assign or transfer this Agreement or any rights or obligations
hereunder; provided, however, that (i) the Company may assign or transfer this Agreement or
any rights or obligations hereunder to any member of the SM Group without such consent, and
(ii) in the event of a Change-of-Control Transaction of the Company, this Agreement shall,
subject to the provisions hereof, be binding upon and inure to the benefit of such successor
and such successor shall discharge and perform all the promises, covenants, duties, and
obligations of the Company hereunder.

	11.	 	SEVERABILITY

If any provision of this Agreement or the application thereof is held invalid, the
invalidity shall not affect other provisions or applications of this Agreement which can be
given effect without the invalid provisions or applications and to this end the provisions
of this Agreement are declared to be severable.

	12.	 	GOVERNING LAW

This Agreement shall be governed by and construed in accordance with the law of the State of
New York, U.S.A.

	13.	 	AMENDMENT

This Agreement may not be amended, modified or changed (in whole or in part), except by a
formal, definitive written agreement expressly referring to this Agreement, which agreement
is executed by both of the parties hereto.

	14.	 	WAIVER

Neither the failure nor any delay on the part of a party to exercise any right, remedy,
power or privilege under this Agreement shall operate as a waiver thereof, nor shall any
single or partial exercise of any right, remedy, power or privilege preclude any other or
further exercise of the same or of any right, remedy, power or privilege, nor shall any
waiver of any right, remedy, power or privilege with respect to any occurrence be construed
as a waiver of such right, remedy, power or privilege with respect to any other occurrence.
No waiver shall be effective unless it is in writing and is signed by the party asserted to
have granted such waiver.

	15.	 	NOTICES

All notices, requests, demands and other communications required or permitted under this
Agreement shall be in writing and shall be deemed to have been duly given and made if (i)
delivered by hand, (ii) otherwise delivered against receipt therefor, or (iii) sent by a
recognized courier with next-day or second-day delivery to the last known address of the
other party.

	16.	 	COUNTERPARTS

This Agreement may be executed in any number of counterparts, each of which shall be deemed
an original as against any party whose signature appears thereon, and all of which together
shall constitute one and the same instrument. This Agreement shall become binding when one
or more counterparts hereof, individually or taken together, shall bear the signatures of
all of the parties reflected hereon as the signatories. Photographic copies of such signed
counterparts may be used in lieu of the originals for any purpose.

	17.	 	NO INTERPRETATION AGAINST DRAFTER

Each party recognizes that this Agreement is a legally binding contract and acknowledges
that such party has had the opportunity to consult with legal counsel of choice. In any
construction of the terms of this Agreement, the same shall not be construed against either
party on the basis of that party being the drafter of such terms.

	18.	 	LANGUAGE

This Agreement is prepared and executed in English.

[Remainder of this page has been intentionally left blank.]

IN WITNESS WHEREOF, this Agreement has been executed as of the date first written above.

	 	 	 
	 	 	SEARCHMEDIA HOLDINGS LIMITED
	 	 	 

	 	 	By: /s/ Robert Fried     

	 	 	 

	 	 	Name: Robert Fried

	              
	 	Title: Co-Chairman of the Board

	 	 	 

	 	 	EXECUTIVE

	 	 	 

	 	 	 

	 	 	By: /s/ Wilfred Chow

	 	 	 

	 	 	Name: Wilfred Chow

	 	 	   

1

Schedule A-1

Cash Compensation

	 	 	 	 	 
	 	 	Amount	 	Pay Period
	Base Salary 
	 	US $200,000 annually, subject to applicable

withholding and other taxes

 

  
	 	Payable in 12 equal

monthly

installments for

each calendar year

 

	Bonus
	 	Discretionary as approved by the Board of Directors.
	 	As determined by

the Board of

Directors

Schedule A-2

Initial Equity Award

Subject to the approval of the Company’s Board of Directors, Executive will be granted an
option to purchase 225,000 shares of the Company’s common stock. This award will vest 75,000
shares on the one year anniversary of the date of grant, 75,000 shares on the second anniversary on
the date of grant and 75,000 on the third anniversary of the date of grant and which will subject
to the terms and conditions contained in a stock option agreement to be entered into by you and the
Company prior to the grant. The exercise price per share will be equal to the closing price of the
Company’s common stock on the date the option is granted. Following any Change of Control
Transaction, all unvested options in this grant will vest upon the closing of the Change of Control
Transaction.

2

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