Document:

exhibit10-8.htm

    
      THE
SECURITIES REPRESENTED BY THIS CERTIFICATE HAVE NOT BEEN REGISTERED UNDER THE
SECURITIES ACT OF 1933, AS AMENDED, AND HAVE BEEN ACQUIRED FOR INVESTMENT AND
NOT WITH A VIEW TO, OR IN CONNECTION WITH, THE SALE OR DISTRIBUTION
THEREOF.  NO SUCH SALE OR DISTRIBUTION MAY BE EFFECTED WITHOUT AN
EFFECTIVE REGISTRATION STATEMENT RELATED THERETO OR AN OPINION OF COUNSEL OR
OTHER EVIDENCE IN A FORM REASONABLY SATISFACTORY TO THE COMPANY THAT SUCH
REGISTRATION IS NOT REQUIRED UNDER THE SECURITIES ACT OF 1933,
AS AMENDED.

      

    

    

    K'S
MEDIA

     

    Warrant
No. 2008-1B                                                                                             Number
of Shares: 1,666,667

    Warrant
Issuance Date:  July 17, 2008

     

     

    WARRANT TO PURCHASE COMMON
STOCK

     

    VOID
AFTER 5:00 P.M., EASTERN TIME,

     

    ON THE
EXPIRATION DATE

     

    FOR VALUE
RECEIVED, K’s Media, a Nevada corporation (the “Company”), hereby
agrees to sell upon the terms and on the conditions hereinafter set forth
herein, at any time commencing on the date hereof but no later than 5:00 p.m.,
Eastern Standard Time, on the date that is five (5) years following the earlier
of (a) the date a registration statement including the Warrant Stock (defined
below) is declared effective by the United States Securities and Exchange
Commission; or (b) the date the holder of Warrant Stock may transfer the Warrant
Stock without application of the volume limitations set forth in Rule 144 of the
Securities Act of 1933, as amended (the “Expiration Date”), to
Fu, SongYang (the “Initial Holder”), or
his registered assigns (the Initial Holder or his registered assigns, the “Registered Holder”),
under the terms as hereinafter set forth, One Million Six Hundred Sixty Six
Thousand Six Hundred Sixty Seven (1,666,667) fully paid and
non-assessable shares of the Company’s Common Stock, par value $0.00001 per
share (the “Warrant
Stock”), at a purchase price per share of $9.00 (the “Purchase Price”),
pursuant to the terms and conditions set forth in this warrant (the “Warrant”).  The
number of shares of Warrant Stock to be so issued and the Purchase Price are
subject to adjustment in certain events as hereinafter set forth.  All
dollar amounts stated herein are in United States Dollars.

     

    
      	
              1.  

            	
              Exercise of
      Warrant.

            

    

     

    
      	
              (a)  

            	
              This
      Warrant may be exercised by the Registered Holder, in whole or in part, by
      surrendering this Warrant, with the purchase/exercise form appended hereto
      as Exhibit A
      duly executed by such Registered Holder or by such Registered Holder’s
      duly authorized attorney, at the principal office of the Company, or at
      such other office or agency as the Company may designate to the Registered
      Holder in writing, accompanied by payment in full of the Purchase Price
      payable in respect of the number of shares of Warrant Stock purchased upon
      such exercise.  The Purchase Price may be paid by cash, check,
      wire transfer, or by the surrender of promissory notes or other
      instruments representing indebtedness of the Company to the Registered
      Holder.

            

    

     

    
      	
              (b)  

            	
              Each
      exercise of this Warrant shall be deemed to have been effected immediately
      prior to the close of business on the day on which this Warrant shall have
      been surrendered to the Company as provided in Section 1(a)
      above.  At such time, the person or persons in whose name or
      names any certificates for Warrant Stock shall be issuable upon such
      exercise as provided in Section 1(c)
      below shall be deemed to have become the holder or holders of record of
      the Warrant Stock represented by such
  certificates.

            

    

     

    
      	
              (c)  

            	
              As
      soon as practicable after the exercise of this Warrant, in whole or in
      part, and in any event within thirty (30) business days thereafter, the
      Company at its expense will cause to be issued in the name of, and
      delivered to, the Registered Holder, or as such Registered Holder (upon
      payment by such Registered Holder of any applicable transfer and other
      taxes) may direct:

            

    

     

    
      	
              (i)  

            	
              a
      certificate or certificates for the number of shares of Warrant Stock to
      which such Registered Holder shall be entitled,
  and

            

    

     

    
      	
              (ii)  

            	
              in
      case such exercise is in part only, a new warrant or warrants (dated the
      date hereof) of like tenor, calling in the aggregate on the face or faces
      thereof for the number of shares of Warrant Stock equal (without giving
      effect to any adjustment therein) to the number of such shares called for
      on the face of this Warrant minus the number of such shares purchased by
      the Registered Holder upon such exercise as provided in Section 1(a)
      above.

            

    

     

    
      	
              2.  

            	
              Transfers.

            

    

     

    
      	
              (a)  

            	
              Unregistered
      Security.  Each Registered Holder acknowledges that this
      Warrant and the Warrant Stock have not been registered under the
      Securities Act of 1933, as amended (the “Securities
      Act”), and agrees not to sell, pledge, distribute, offer for sale,
      transfer, or otherwise dispose of this Warrant or any Warrant Stock issued
      upon its exercise in the absence of (i) an effective registration
      statement under the Securities Act as to this Warrant or such Warrant
      Stock and registration or qualification of this Warrant or such Warrant
      Stock under any applicable U.S. federal or state securities law then in
      effect; (ii) an opinion of counsel, reasonably satisfactory to the
      Company, that such registration or qualification is not required; or (iii)
      other evidence satisfactory to the Company in its sole discretion that
      such registration or qualification is not required.  Each
      certificate or other instrument for Warrant Stock issued upon the exercise
      of this Warrant shall bear a legend substantially to the foregoing
      effect.  In addition, so long as the foregoing legend may remain
      on any stock certificate delivered to the Registered Holder, the Company
      may maintain appropriate “stop transfer” orders with respect to such
      certificates and the shares represented thereby on its books and records
      and with those to whom it may delegate registrar and transfer
      functions.

            

    

     

    
      	
              (b)  

            	
              Transferability.  Subject
      to the provisions of Section 2(a)
      hereof, this Warrant and all rights hereunder are transferable, in whole
      or in part, upon surrender of the Warrant with a properly executed
      assignment (in the form of Exhibit B
      hereto) at the principal office of the
Company.

            

    

     

    
      	
              (c)  

            	
              Warrant
      Register.  The Company will maintain a register
      containing the names and addresses of the Registered Holders of this
      Warrant.  Until any transfer of this Warrant is made in the
      warrant register, the Company may treat the Registered Holder of this
      Warrant as the absolute owner hereof for all purposes; provided, however, that
      if this Warrant is properly assigned in blank, the Company may (but shall
      not be required to) treat the bearer hereof as the absolute owner hereof
      for all purposes, notwithstanding any notice to the
      contrary.  Any Registered Holder may change such Registered
      Holder’s address as shown on the warrant register by written notice to the
      Company requesting such change.

            

    

     

    
      	
              3.  

            	
              Reservation
      of Shares.  Subject to
      approval of the holders of the Company’s capital stock to authorize an
      increase in the Company’s authorized capital stock, the Company hereby
      agrees that at all times there shall be reserved for issuance upon the
      exercise of this Warrant such number of shares of its Common Stock as
      shall be required for issuance upon exercise of this
      Warrant.  The Company further agrees that all shares which may
      be issued upon the exercise of the rights represented by this Warrant,
      upon payment therefor, will be duly authorized and will, upon issuance and
      against payment of the exercise price, be validly issued, fully paid, and
      non-assessable, free from all taxes, liens, charges and preemptive rights
      with respect to the issuance thereof, other than taxes, if any, in respect
      of any transfer occurring contemporaneously with such issuance and other
      than transfer restrictions imposed by federal and state securities
      laws.

            

    

     

    
      	
              4.  

            	
              Cash
      in Lieu of Fractional Shares.  No fractional shares will
      be issued in connection with any exercise hereunder.  In lieu of
      any fractional shares which would otherwise be issuable, the Company shall
      round the number of shares of Common Stock deliverable upon exercise of
      this Warrant to the nearest whole number of shares; provided that the
      maximum number of shares of Common Stock issuable upon exercise of this
      Warrant, regardless of rounding resulting from exercise of this Warrant on
      two or more occasions, shall not exceed 1,666,667 shares of Common Stock
      (subject to adjustment as set forth
herein).

            

    

     

    
      	
              5.  

            	
              Exchange,
      Transfer or Assignment of Warrant.  This
      Warrant is exchangeable, without expense, at the option of the Registered
      Holder, upon presentation and surrender hereof to the Company or at the
      office of its stock transfer agent, if any, for other Warrants of
      different denominations, entitling the Registered Holder or Registered
      Holders thereof to purchase in the aggregate the same number of shares of
      Common Stock purchasable hereunder.  Upon surrender of this
      Warrant to the Company or at the office of its stock transfer agent, if
      any, with the assignment form annexed hereto as Exhibit B duly executed
      and funds sufficient to pay any transfer or other tax, the Company shall,
      without charge, execute and deliver a new Warrant in the name of the
      assignee named in such instrument of assignment and this Warrant shall
      promptly be canceled.  This Warrant may be divided or combined
      with other Warrants that carry the same rights upon presentation hereof at
      the office of the Company or at the office of its stock transfer agent, if
      any, together with a written notice specifying the names and denominations
      in which new Warrants are to be issued and signed by the Registered Holder
      hereof.

            

    

     

    
      	
              6.  

            	
              Contingent
      Transactions; Capital Adjustments.  This
      Warrant is subject to the following further
  provisions:

            

    

     

    
      	
              (a)  

            	
              Subsequent Issuance of
      Common Stock.  If, during the period beginning on the
      date of issuance of this Warrant and terminating on the date that is six
      (6) months following the date of issuance of this Warrant, the Company
      shall sell, or definitively contract to sell, shares of the Company’s
      Common Stock, or securities exercisable for or convertible into (and
      actually exercised or converted during such period) shares of Common Stock
      (excluding any Excluded Shares (as defined below)) (the ”Additional
      Shares”), to a third party purchaser at a price less than $3.00 per
      share of Common Stock (as adjusted for stock splits, stock dividends,
      recapitalizations, and similar transactions), the Company shall either, at
      its option, (a) repurchase this Warrant at an aggregate purchase price
      equal to $0.05; provided, however, in
      such case the Registered Holder shall have the right, under the terms and
      subject to the conditions set forth in the Subscription Agreement between
      the Initial Holder and the Company, to cause the Company to also
      repurchase all shares of Common Stock and warrants (including this
      Warrant) to purchase Common Stock issued to the Initial Holder on the date
      of issuance of this Warrant at a price and under the terms set forth in
      the Subscription Agreement between the Initial Holder and the Company,
      dated as of the date hereof; or (b) reduce the Purchase Price for the
      Warrant Shares such that the Purchase Price shall be equal to an amount
      (calculated to the nearest cent) determined by multiplying the initial
      Purchase Price by a fraction, (i) the numerator of which shall be the
      number of shares of Common Stock outstanding immediately prior to such
      issuance plus the number of shares of Common Stock which the aggregate
      consideration received by the Company for the total number of Additional
      Shares of Common Stock so issued would purchase at $3.00 per share (as
      adjusted for stock splits, stock dividends, recapitalizations, and similar
      transactions), and (ii) the denominator of which shall be the number of
      shares of Common Stock outstanding immediately prior to such issuance plus
      the number of such Additional Shares of Common Stock so
      issued.  Upon the Company’s election to adjust the Purchase
      Price pursuant to subsection (b) of this Section 6(a),
      the Company shall promptly compute such adjustment in accordance with the
      terms hereof and prepare and furnish to the Registered Holder a
      certificate (the “Adjustment
      Certificate”) setting forth such adjustment and showing in detail
      the method of calculation upon which such adjustment is
      based.  Promptly following receipt of the Adjustment
      Certificate, the Registered Holder shall surrender this Warrant to the
      Company, and promptly upon receipt the Company shall prepare and issue to
      the Registered Holder a replacement Warrant calling in the aggregate on
      the face or faces thereof for the number of shares of Warrant Stock equal
      to the number of such shares of Common Stock called for on the face of
      this Warrant, minus the number of such shares purchased by the Registered
      Holder upon exercise as provided in Section 1(a)
      above, plus the number of new shares of Common Stock set forth in the
      Adjustment Certificate.  As used in this Section 6(a),
      the term “Excluded
      Shares” means shares of Common Stock, or derivatives exercisable
      for or convertible into shares of Common Stock
  issued:

            

    

     

    
      	
              (i)  

            	
              upon
      conversion of shares of the Company’s preferred
  stock;

            

    

     

    
      	
              (ii)  

            	
              to
      employees, consultants, or directors pursuant to stock option, stock
      grant, stock purchase, or similar plans or arrangements approved by the
      board of directors, including without limitation upon the exercise of
      options thereunder;

            

    

     

    
      	
              (iii)  

            	
              to
      equipment lessors, banks, financial institutions, or similar entities in
      transactions approved by the board of directors, the principal purpose of
      which is other than the raising of
equity;

            

    

     

    
      	
              (iv)  

            	
              as
      a dividend or other distribution in connection with which an adjustment to
      the Purchase Price is made pursuant to this Section
      6;

            

    

     

    
      	
              (v)  

            	
              in
      connection with an initial public offering registered pursuant to Section
      5 of the Securities Act;

            

    

     

    
      	
              (vi)  

            	
              in
      a merger or acquisition that is approved by the board of
      directors;

            

    

     

    
      	
              (vii)  

            	
              pursuant
      to any transactions approved by the board of directors primarily for the
      purpose of (A) joint ventures, technology licensing, or research and
      development activities, (B) distribution or manufacture of the
      Company’s products or services, or (C) any other transactions
      involving corporate partners, in each case the principal purpose of which
      is other than the raising of equity;
and

            

    

     

    
      	
              (viii)  

            	
              upon
      exercise of any warrants to purchase shares of Common Stock or preferred
      stock, or upon conversion of notes convertible for shares of Common Stock
      or preferred stock, that are outstanding as of the date
      hereof.

            

    

     

    
      	
              (b)  

            	
              Recapitalization,
      Reclassification, and Succession.  If any
      recapitalization of the Company or reclassification of its Common Stock or
      any merger or consolidation of the Company into or with a corporation or
      other business entity, or the sale or transfer of all or substantially all
      of the Company’s assets or of any successor corporation’s assets to any
      other corporation or business entity (any such corporation or other
      business entity being included within the meaning of the term “successor
      corporation”) shall be effected, at any time while this Warrant remains
      outstanding and unexpired, then, as a condition of such recapitalization,
      reclassification, merger, consolidation, sale, or transfer, lawful and
      adequate provision shall be made whereby the Registered Holder of this
      Warrant thereafter shall have the right to receive upon the exercise
      hereof as provided in Section 1 and
      in lieu of the shares of Common Stock immediately theretofore issuable
      upon the exercise of this Warrant, such shares of capital stock,
      securities, or other property as may be issued or payable with respect to
      or in exchange for a number of outstanding shares of Common Stock equal to
      the number of shares of Common Stock immediately theretofore issuable upon
      the exercise of this Warrant had such recapitalization, reclassification,
      merger, consolidation, sale, or transfer not taken place, and in each such
      case, the terms of this Warrant shall be applicable to the shares of stock
      or other securities or property receivable upon the exercise of this
      Warrant after such consummation.

            

    

     

    
      	
              (c)  

            	
              Stock Splits and
      Dividends.  If outstanding shares of the Company’s Common
      Stock shall be subdivided into a greater number of shares or a dividend in
      Common Stock shall be paid in respect of Common Stock, then the Purchase
      Price in effect immediately prior to such subdivision or at the record
      date of such dividend shall simultaneously with the effectiveness of such
      subdivision or immediately after the record date of such dividend be
      proportionately reduced.  If outstanding shares of Common Stock
      shall be combined into a smaller number of shares, then the Purchase Price
      in effect immediately prior to such combination shall, simultaneously with
      the effectiveness of such combination, be proportionately
      increased.

            

    

     

    
      	
              (d)  

            	
              Purchase Price
      Adjustment.  Whenever the number of shares of Warrant
      Stock purchasable upon exercise of this Warrant is adjusted, as herein
      provided, the Purchase Price payable upon the exercise of this Warrant
      shall be adjusted to that price determined by multiplying the Purchase
      Price immediately prior to such adjustment by a fraction (i) the numerator
      of which shall be the number of shares of Warrant Stock purchasable upon
      exercise of this Warrant immediately prior to such adjustment, and (ii)
      the denominator of which shall be the number of shares of Warrant Stock
      purchasable upon exercise of this Warrant immediately
      thereafter.

            

    

     

    
      	
              (e)  

            	
              Certain Shares
      Excluded.  The number of shares of Common Stock
      outstanding at any given time for purposes of the adjustments set forth in
      this Section
      6 shall exclude any shares then directly or indirectly held in the
      treasury of the Company.

            

    

     

    
      	
              (f)  

            	
              Deferral and
      Cumulation of De Minimis Adjustments.  The Company shall
      not be required to make any adjustment pursuant to this Section 6 if
      the amount of such adjustment would be less than one percent (1%) of the
      Purchase Price in effect immediately before the event that would otherwise
      have given rise to such adjustment.  In such case, however, any
      adjustment that would otherwise have been required to be made shall be
      made at the time of and together with the next subsequent adjustment
      which, together with any adjustment or adjustments so carried forward,
      shall amount to not less than one percent (1%) of the Purchase Price in
      effect immediately before the event giving rise to such next subsequent
      adjustment.  All calculations under this Section 6 shall
      be made to the nearest cent or to the nearest one-hundredth of a share, as
      the case may be, but in no event shall the Company be obligated to issue
      fractional shares of Common Stock or fractional portions of any securities
      upon the exercise of the Warrants.

            

    

     

    
      	
              (g)  

            	
              Duration of
      Adjustment.  Following each computation or readjustment
      as provided in this Section 6, the
      new adjusted Purchase Price and number of shares of Warrant Stock
      purchasable upon exercise of this Warrant shall remain in effect until a
      further computation or readjustment thereof is
  required.

            

    

     

    
      	
              7.  

            	
              Redemption
      Right.  This
      Warrant may be redeemed at the option of the Company on a date fixed by
      the Company for redemption (the “Redemption
      Date”), which Redemption Date shall not be less than twenty (20)
      days after the mailing of the notice of redemption referred to below, at
      an aggregate redemption price of $0.05, provided the closing bid price of
      the Common Stock on the primary exchange on which the Common Stock shall
      then be trading shall exceed $12.00 (subject to adjustment for stock
      splits, stock dividends, recapitalizations, and similar transactions) for
      a period of twenty (20) consecutive trading days ending no more than
      twenty (20) days prior to the date of the notice of
      redemption.  Notwithstanding the foregoing, the Company’s right
      to redeem this Warrant shall be ineffective if at any time during the
      period between the time the Company provides notice of redemption and
      prior to the Redemption Date, a registration statement registering the
      Warrant Shares pursuant to the Securities Act ceases to remain effective
      or is not then available for use by the Registered
  Holders.

            

    

     

    If the
conditions set forth in this Section 7 are met,
and the Company elects to exercise its right to redeem this Warrant, it shall
mail a notice of redemption to the Registered Holder of this Warrant, via
facsimile, nationally recognized courier, or first class mail, postage prepaid,
not later than the twentieth (20th) day before the Redemption Date, at such last
address as shall appear on the records maintained by the Company.

     

    The
notice of redemption shall specify (i) the redemption price, (ii) the Redemption
Date, and (iii) that the right to exercise this Warrant shall terminate at 5:00
P.M. (Eastern Standard Time) on the business day immediately preceding the
Redemption Date.  No failure to mail such notice nor any defect
therein or in the mailing thereof shall affect the validity of the proceedings
for such redemption except as to a Registered Holder (A) to whom notice was not
mailed or (B) whose notice was defective.  An affidavit of the
Secretary of the Company that notice of redemption has been mailed shall, in the
absence of fraud, be prima facie evidence of the facts stated
therein.

     

    Any right
to exercise this Warrant shall terminate at 5:00 P.M. (Eastern Standard Time) on
the business day immediately preceding the Redemption Date.  On and
after the Redemption Date, the Registered Holder of this Warrant shall have no
further rights except to receive, upon surrender of this Warrant, the redemption
price.

     

    
      	
              8.  

            	
              Notice to
      Holders.  In
      case:

            

    

     

    
      	
              (a)  

            	
              the
      Company shall take a record of the holders of its Common Stock (or other
      stock or securities at the time receivable upon the exercise of this
      Warrant) for the purpose of entitling them to receive any dividend (other
      than a cash dividend payable out of earned surplus of the Company) or
      other distribution, or any right to subscribe for or purchase any shares
      of stock of any class or any other securities, or to receive any other
      right;

            

    

     

    
      	
              (b)  

            	
              of
      any capital reorganization of the Company, any reclassification of the
      capital stock of the Company, any consolidation with or merger of the
      Company into another corporation, or any conveyance of all or
      substantially all of the assets of the Company to another corporation;
      or

            

    

     

    
      	
              (c)  

            	
              of
      any voluntary dissolution, liquidation, or winding-up of the
      Company;

            

    

     

    then, and
in each such case, the Company will mail or cause to be mailed to the Registered
Holder hereof at the time outstanding a notice specifying, as the case may be,
(i) the date on which a record is to be taken for the purpose of such dividend,
distribution or right, and stating the amount and character of such dividend,
distribution or right, or (ii) the date on which such reorganization,
reclassification, consolidation, merger, conveyance, dissolution, liquidation,
or winding-up is to take place, and the time, if any, is to be fixed, as of
which the holders of record of Common Stock (or such stock or securities at
the time receivable upon the exercise of this Warrant) shall be entitled to
exchange their shares of Common Stock (or such other stock or securities) for
securities or other property deliverable upon such reorganization,
reclassification, consolidation, merger, conveyance, dissolution, or
winding-up.  Such notice shall be mailed at least twenty (20) calendar
days prior to the record date therein specified, or if no record date shall have
been specified therein, at least twenty (20) days prior to such specified
date.

     

    
      	
              9.  

            	
              Legend.  The Company
      may affix the following legend (in addition to any other legend(s), if
      any, required by applicable state corporate and/or securities laws) to
      certificates for shares issued upon exercise of this
    Warrant:

            

    

     

    "THESE
SECURITIES HAVE NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED
(THE "SECURITIES ACT") OR ANY APPLICABLE STATE SECURITIES LAWS, AND MAY NOT BE
SOLD, TRANSFERRED, OR OTHERWISE DISTRIBUTED DIRECTLY OR INDIRECTLY, IN THE
UNITED STATES, ITS TERRITORIES, POSSESSIONS, OR AREAS SUBJECT TO ITS
JURISDICTION, OR TO OR FOR THE ACCOUNT OR BENEFIT OF A "U.S. PERSON" AS THAT
TERM IS DEFINED IN RULE 902 OR REGULATION S OF THE ACT, AT ANY TIME PRIOR TO ONE
(1) YEAR AFTER THE ISSUANCE OF THIS CERTIFICATE, EXCEPT (i) IN CONJUNCTION WITH
AN EFFECTIVE REGISTRATION STATEMENT FOR THE SHARES UNDER SUCH ACT, OR (ii) IN
COMPLIANCE WITH AN EXEMPTION FROM REGISTRATION UNDER SUCH ACT. ANY SALES,
TRANSFERS OR DISTRIBUTIONS OF THE SECURITIES MUST BE MADE IN ACCORDANCE WITH THE
PROVISIONS OF REGULATION S OF THE ACT."

     

    
      	
              10.  

            	
              Loss,
      Theft, Destruction or Mutilation.  Upon
      receipt by the Company of evidence satisfactory to it, in the exercise of
      its reasonable discretion, of the ownership and the loss, theft,
      destruction or mutilation of this Warrant and, in the case of loss, theft,
      or destruction, of indemnity reasonably satisfactory to the Company and,
      in the case of mutilation, upon surrender and cancellation thereof, the
      Company will execute and deliver in lieu thereof, without expense to the
      Registered Holder, a new Warrant of like tenor dated the date
      hereof.

            

    

     

    
      	
              11.  

            	
              Warrant
      Holder Not a Stockholder.  Until the
      exercise of this Warrant, the Registered Holder of this Warrant shall not
      have or exercise any rights by virtue hereof as a stockholder of the
      Company.

            

    

     

    
      	
              12.  

            	
              Notices.  Any notice
      required or contemplated by this Warrant shall be in writing and shall be
      deemed to have been duly given if delivered to the addressee in person,
      deposited with a reputable overnight courier or transmitted by registered
      or certified mail, return receipt requested, to the Company at Suite 500 –
      666 Burrard Street, Vancouver, British Columbia, Canada V6C 3P6,
      Attention:  Chief Financial Officer, or to the Registered Holder
      at the name and address set forth in the Warrant Register maintained by
      the Company, or to such other addresses as any of them, by notice to the
      others, may designate from time to
time.

            

    

     

    
      	
              13.  

            	
              Choice
      of Law.  This
      Warrant is issued under and shall for all purposes be governed by and
      construed in accordance with the laws of the state of Nevada, without
      giving effect to its conflicts of law
  principles.

            

    

     

    IN
WITNESS WHEREOF, the Company has duly caused this Warrant to be signed on its
behalf, in its corporate name and by a duly authorized officer, as of this 18th
day of July, 2008.

     

     

    
      
        	 	K's Media	 
	 	 	 	 
	
                 

              	
                By:
      

              	Xin
      Wei	 
	 	 	Name:
      Xin Wei	 
	 	 	Title:
      Director and CFO	 
	 	 	 	 

      

    

     

     

     

    EXHIBIT
A

     

    ELECTION
TO PURCHASE

     

    

     

    K's
Media

    10/F
Building A, G.T. International Tower,

    ChaoYang
District, Beijing, China

    Attention:  Xin
Wei (Chief Financial Officer)

    

    The
undersigned hereby (1) irrevocably elects to exercise his or its rights to
purchase ___________ shares of
Common Stock covered by Warrant Number 2008-___, (2) makes payment in full of
the Purchase Price by enclosure of cash, a certified check, or bank draft in the
amount of $____________.__, (3) requests that certificates for such shares of
Common Stock be issued in the name of:

     

    Please
print name, address and Social Security or Tax Identification
Number:

     

    ________________________________________________

     

    ________________________________________________

     

    ________________________________________________

     

    ________________________________________________

     

    and (4)
if said number of shares of Common Stock shall not be all the shares evidenced
by the within Warrants, requests that a new warrant certificate for the balance
of the shares covered by the within Warrants be registered in the name of, and
delivered to:

     

    Please
print name and address:

     

    ________________________________________________

     

    ________________________________________________

     

    ________________________________________________

     

    In lieu
of receipt of a fractional share of Common Stock, the undersigned acknowledges
that the recipient of the Common Stock will receive a number of shares of Common
Stock rounded to the nearest whole number of shares.

     

    The
undersigned hereby represents and acknowledges to the Company that:

     

    
      	
              (a)  

            	
              The
      shares of Common Stock will be “restricted securities” as such term is
      used in the rules and regulations under the Securities Act of 1933, as
      amended (the “Securities Act”) and that such securities have not been and
      will not be registered under the Securities Act or any state securities
      law, and that such securities must be held indefinitely unless
      registration is effected or transfer can be made pursuant to appropriate
      exemptions from registration;

            

    

     

    
      	
              (b)  

            	
              The
      undersigned has no intention of selling or otherwise transferring the
      shares of Common Stock to be received upon exercise of the Warrant in a
      public distribution in violation of the federal securities laws or any
      applicable state securities laws;

            

    

     

    
      	
              (c)  

            	
              The
      undersigned is aware of the Company’s business affairs and financial
      condition, and has acquired sufficient information about the Company to
      reach an informed and knowledgeable decision to acquire the Common
      Stock;

            

    

     

    
      	
              (d)  

            	
              The
      undersigned is receiving the Common Stock for his, her, or its own account
      for investment purposes only and not with a view to, or for the resale in
      connection with, any “distribution” thereof for purposes of the Securities
      Act;

            

    

     

    
      	
              (e)  

            	
              The
      undersigned is not relying on the Company, or any finder or selling agent,
      with respect to economic considerations involved in this investment, and
      the undersigned is capable of evaluating the merits and risks of an
      investment in the Common Stock;

            

    

     

    
      	
               
      

            	
              (f)

            	
              The
      undersigned understands and acknowledges that the undersigned’s purchase
      of the Common Stock is a speculative investment that involves a high
      degree of risk and the potential loss of the undersigned’s entire
      investment in the Common Stock, and the undersigned is able to bear the
      loss of the undersigned’s entire investment in the Common Stock;
      and

            

    

     

    
      	
               
      

            	
              (g)

            	
              The
      undersigned understands and acknowledges that the Common Stock must be
      held indefinitely unless the transfer is subsequently registered under the
      Securities Act or unless an exemption from registration is otherwise
      available, and that the Company is under no obligation to register any
      transfer of the Common Stock.

            

    

     

    

     

    Dated:  _____________________                                                                     

    WARRANT HOLDER

    

    By:           

    Name:                                                                           

    Title:                                                                           

    EXHIBIT
B

     

    ASSIGNMENT
FORM

     

    FOR VALUE
RECEIVED,                                                                                                                

     

    hereby
sells, assigns, and transfers unto

     

    
      	
              Name:

            	 

    

     

    
      	
               
      

            	
              (Please
      typewrite or print in block
letters)

            

    

     

    Social
Security or Taxpayer Identification Number
:                                                                                                                                         

     

    all of
the rights of the undersigned under the attached Warrant with respect to the
number of shares of Common Stock covered thereby set forth below, and does
hereby irrevocably constitute and appoint ____________________________,
Attorney, to transfer the same on the books of the Company with full power of
substitution in the premises.

     

    

    Number of
Shares: __________________

     

    DATED:
__________________

     

    

    

    Signature

    

    

    

    Signature,
if jointly held

    

    

    Witness:exhibit101.htm

    To:           Entertainment
Art, Inc.

    300
Hempstead Avenue

    West
Hempstead, NY 11552

    

    REGULATION
D SUBSCRIPTION AGREEMENT

    AND
INVESTMENT REPRESENTATION

    

    SECTION
1

    

    1.1           Subscription.

    

    (a)           The
undersigned, intending to be legally bound, hereby irrevocably subscribes for
and agrees to purchase __________ shares (the “Shares”) of the common stock (the
“Common Stock”) of Entertainment Art, Inc., a Nevada corporation (the
"Company").  The undersigned understands that the Shares are being
sold in connection with an offering by the Company of up to 1,000,000 shares at
$0.10 per share (the “Offering”).

    

    The undersigned understands that the
Shares are being offered, sold, and issued in a transaction exempt from the
registration requirements of the Securities Act of 1933, as amended (the
“Securities Act”).

    

    1.2           Purchase of
Shares.

    

    The undersigned understands and
acknowledges that the purchase price to be remitted to the Company in exchange
for the Shares shall be _______________________ dollars
($___________________).  The undersigned further understands and
acknowledges that this subscription is irrevocable and that since there is no
minimum amount of proceeds which must be raised by the Company in this Offering,
upon acceptance of this Agreement the Company shall be able to utilize the
investor’s funds as it desires.

    

    1.3           Acceptance or Rejection of
Subscription.

    

    Payment has been made simultaneous
herewith by either (i) wire transfer as set forth below or (ii) by check payable
to Entertainment Art, Inc., in full payment of the shares of common stock
subscribed for (the “Subscription Payment”).  The wire transfer
instructions are as follows:

    

    Bank of
America, NA

    Routing Number:
021000322

    Account
Number: 483006506484

    Entertainment
Art, Inc.

    
      
         

      

      
         

        
          

        

      

      
         

      

    

    

    If the
undersigned has paid by check, the undersigned has sent a check by overnight
mail to:

    

    Joseph
Koegel

    Entertainment
Art, Inc.

    300
Hempstead Avenue

    West
Hempstead, NY 11552

    

    

    The
undersigned agrees that subject to the conditions set forth herein, the Company
will accept subscriptions and payments therefor as they are received. The
undersigned further understands that the Company will notify the undersigned as
to whether its subscription has been accepted in whole or in part as reasonably
promptly as possible.  If the Company accepts all or a portion of the
undersigned’s subscription, the undersigned agrees that this Agreement shall
become effective with respect to the Company and the undersigned, and the
Company will promptly deliver to the undersigned an executed copy of this
Agreement and a share certificate representing the Shares. The undersigned
acknowledges that the Company may terminate this offering at any
time.

    

    In the event the sale of the Shares
subscribed for by the undersigned is not consummated by the Company for any
reason (in which event this Agreement shall be deemed to be rejected), this
Agreement and any other agreement entered into between the undersigned and the
Company relating to this subscription shall thereafter have no force or effect
and the Company shall promptly return or cause to be returned to the undersigned
the purchase price remitted to the Company by the undersigned, without interest
thereon or deduction therefrom, in exchange for the Shares.

    

    SECTION
2

    

    2.1           Closing.  The
closing (the "Closing") of the purchase and sale of the Shares, shall occur
simultaneously with the acceptance by the Company of the undersigned's
subscription, as evidenced by the Company's execution of this Subscription
Agreement.  You have the right to revoke your subscription by written
notice to the Company if the Closing has not occurred on or before thirty days
after the date that the undersigned has delivered an executed signature page to
this Agreement and the payment thereof, unless you are in material breach of the
Agreement; in such event, this subscription shall thereafter have no force or
effect and the Company shall promptly return or cause to be returned to you the
purchase price remitted to the Company by you, without interest thereon or
deduction therefrom.

    
      
         

      

      
         

        
          

        

      

      
         

      

    

    

    SECTION
3

    

    3.1           Investor Representations and
Warranties.   The undersigned hereby acknowledges,
represents and warrants to, and agrees with, the Company and its affiliates as
follows:

    

    (a)           Investment
Purposes.  The undersigned is acquiring the Shares for his own
account as principal, not as a nominee or agent, for investment purposes only,
and not with a view to, or for, resale, distribution or fractionalization
thereof in whole or in part in any transactions that would be in violation of
the Securities Act or any state securities or "blue-sky" laws. No other person
has a direct or indirect beneficial interest in, and the undersigned does not
have any contract, undertaking, agreement or arrangement with any person to
sell, transfer or grant participations to such person or to any third person,
with respect to, the Shares or any part of the Shares for which the undersigned
is subscribing that would be in violation of the Securities Act or any state
securities or "blue-sky" laws.

    

    (b)           Authority.  The
undersigned has full power and authority to enter into this Agreement, the
execution and delivery of this Agreement has been duly authorized, if
applicable, and this Agreement constitutes a valid and legally binding
obligation of the undersigned.

    

    (c)           No General
Solicitation.  The undersigned is not subscribing for the
Shares as a result of or subsequent to any advertisement, article, notice or
other communication published in any newspaper, magazine or similar media or
broadcast over television or radio; or presented at any seminar or similar
gathering; or any solicitation of a subscription by a person, other than Company
personnel, previously not known to the undersigned.

    

    (d)           No Obligation to Register
Shares.  The undersigned understands that the Company is under
no obligation to register the Shares under the Securities Act, or to assist the
undersigned in complying with the Securities Act or the securities laws of any
state of the United States or of any foreign jurisdiction other than as
expressly provided herein.

    

    (e)           Investment
Experience.  The undersigned, or the undersigned’s professional
advisors, has such knowledge and experience in finance, securities, taxation,
investments and other business matters as to evaluate investments of the kind
described in this Agreement. By reason of the business and financial experience
of the undersigned or his professional advisors (who are not affiliated with or
compensated in any way by the Company or any of its affiliates or selling
agents), the undersigned or his advisors can protect his own interests in
connection with the transactions described in this Agreement. The undersigned is
able to afford the loss of his entire investment in the Shares.

    

    (f)           Exemption from
Registration.  The undersigned acknowledges his understanding
that the offering and sale of the Shares is intended to be exempt from
registration under the

    
      
         

      

      
         

        
          

        

      

      
         

      

    

    Securities
Act.  In furtherance thereof, in addition to the other representations
and warranties of the undersigned made herein, the undersigned further
represents and warrants to and agrees with the Company and its affiliates as
follows:

    

    (1)           The
undersigned has the financial ability to bear the economic risk of his
investment, has adequate means for providing for his current needs and personal
contingencies and has no need for liquidity with respect to his investment in
the Company; and

    

    (2)           The
undersigned has such knowledge and experience in financial and business matters
as to be capable of evaluating the merits and risks of the prospective
investment in the Shares.  The undersigned also represents it has not
been organized for the purpose of acquiring the Shares; and

    

    (3)           The
undersigned has been provided an opportunity for a reasonable period of time
prior to the date hereof to obtain additional information concerning the
offering of the Shares, the Company and all other information to the extent the
Company possesses such information or can acquire it without unreasonable effort
or expense.

    

    (4)           The
undersigned understands that the Shares are not being registered under the
Securities Act, or the securities laws of any state in reliance upon exemptions
therefrom for private offerings.  The undersigned understands that the
Shares must be held indefinitely unless the sale thereof is subsequently
registered under the Securities Act and applicable state securities laws or
exemptions from such registration are available.  All certificates
evidencing the undersigned Shares will bear a legend stating that the Shares
have not been registered under the Securities Act or state securities laws and
they may not be resold unless they are registered under the Securities Act and
applicable state securities laws or exempt therefrom.

    

    (g)           Economic
Considerations.  The undersigned is not relying on the Company,
or its affiliates or agents with respect to economic considerations involved in
this investment.  The undersigned has relied solely on its own
advisors.

    

    (h)           No Other Company
Representations.  No representations or warranties have been
made to the undersigned by the Company, or any officer, employee, agent,
affiliate or subsidiary of the Company, other than the representations of the
Company contained herein, and in subscribing for Shares the undersigned is not
relying upon any representations other than those contained herein.

    

    (i)           Accredited
Investor.  The undersigned is an “Accredited Investor” as that
term is defined in Rule 501(a) of Regulation D promulgated under the Securities
Act, and as specifically indicated in Exhibit A to this Agreement.

     

    
      
         

      

      
         

        
          

        

      

      
         

      

    

    (j)           State
Residency.                                The
undersigned’s principal residence (if subscriber is an individual) or
principal business address, as applicable, is in the State indicated on the
signature page hereof, and the undersigned has no present intention to move such
residence or principal business address, as applicable, from such
State.

     

    

    (k)           Legend.                      Each
certificate representing the Shares shall be endorsed with the following legend,
in addition to any other legend required to be placed thereon by applicable
federal or state securities laws:

    

    “THE SECURITIES REPRESENTED BY THIS
CERTIFICATE HAVE NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933 AND MAY
NOT BE SOLD OR TRANSFERRED IN THE ABSENCE OF SUCH REGISTRATION OR WITHOUT AN
EXEMPTION THEREFROM OR AN OPINION OF COUNSEL IN A FORM SATISFACTORY TO THE
COMPANY THAT SUCH REGISTRATION IS NOT REQUIRED UNDER THE SECURITIES ACT OF
1933.”

    

               The
undersigned consents to the Company making a notation on its records or giving
instructions to any transfer agent of the Company in order to implement the
restrictions on transfer of the Shares set forth in this Section

    

    (l)           Potential Loss of
Investment; Risk Factors.  The undersigned understands that an
investment in the Shares is a speculative investment which involves a high
degree of risk and the potential loss of his entire investment. The
undersigned has considered the uncertainties and difficulties frequently
encountered by companies, such as the Company, in their early stages of
development.  The undersigned understands and acknowledges that as a
result thereof, he may lose his entire investment in the Company.

    

    (m)           Investment
Commitment.  The undersigned's overall commitment to
investments which are not readily marketable is not disproportionate to the
undersigned's net worth, and an investment in the Shares will not cause such
overall commitment to become excessive.

    

    (n)           Receipt of
Information.  The undersigned has received all documents,
records, books and other information pertaining to the undersigned’s investment
in the Company that has been requested by the undersigned.

    

    (o)           No
Reliance.  Other than as set forth herein, the undersigned is
not relying upon any other information, representation or warranty by the
Company or any officer, director, stockholder, agent or representative of the
Company in determining to invest in the Shares.  The undersigned has
consulted, to the extent deemed appropriate by the undersigned, with the
undersigned’s own advisers as to the financial, tax, legal and related matters
concerning an investment in the Shares and on that basis believes that his or
its investment in the Shares is suitable and appropriate for the
undersigned.

    
      
         

      

      
         

        
          

        

      

      
         

      

    

    

    (p)           No Governmental
Review.  The undersigned is aware that no federal or state
agency has (i) made any finding or determination as to the fairness of this
investment, (ii) made any recommendation or endorsement of the Shares or the
Company, or (iii) guaranteed or insured any investment in the Shares or any
investment made by the Company.

    

    (q)           Price of
Shares.   The undersigned understands that the price of
the Shares offered hereby was determined by the Company without reference to the
assets or book value of the Company.  The undersigned further
understands that there is a substantial risk of further dilution of his or its
investment in the Company.

    

    SECTION
4

    

    4.1           Company’s Representations
and Warranties.  The Company represents and warrants to the
undersigned as follows:

    

    (a)           
Organization of the
Company.  The Company is a corporation duly organized and
validly existing and in good standing under the laws of the State of
Nevada.

    

    (b)           Authority.   (a)  The
Company has the requisite corporate power and authority to enter into and
perform its obligations under this Agreement and to issue the Shares; (b) the
execution and delivery of this Agreement by the Company and the consummation by
it of the transactions contemplated hereby and thereby have been duly authorized
by all necessary corporate action and no further consent or authorization of the
Company or its Board of Directors or stockholders is required; and (c) this
Agreement has been duly executed and delivered by the Company and constitutes a
valid and binding obligation of the Company enforceable against the Company in
accordance with its terms, except as
such  enforceability  may be limited by applicable
bankruptcy, insolvency, or similar laws relating to, or affecting generally the
enforcement of, creditors' rights and remedies or by other equitable principles
of general application.

    

    (c)           Exemption from Registration;
Valid Issuances.  The sale and issuance of the Shares, in
accordance with the terms and on the bases of the representations and warranties
of the undersigned set forth herein, may and shall be properly issued by the
Company to the undersigned pursuant to any applicable federal or state law. When
issued and paid for as herein provided, the Shares shall be duly and validly
issued, fully paid, and nonassessable. Neither the sales of the Shares pursuant
to, nor the Company's performance of its obligations under, this Agreement shall
result in the creation or imposition of any liens, charges, claims or other
encumbrances upon the Shares or any of the assets of the Company. The Shares
shall not subject the undersigned to personal liability by reason of the
ownership thereof.

    
      
         

      

      
         

        
          

        

      

      
         

      

    

    (d)           No General Solicitation or
Advertising in Regard to this Transaction.  Neither the Company
nor any of its affiliates nor any person acting on its or their behalf (a) has
conducted or will conduct any general solicitation (as that term is used in Rule
502(c) of Regulation D) or general advertising with respect to any of the
Shares, or (b) made any offers or sales of any security or solicited any offers
to buy any security under any circumstances that would require registration of
the Common Stock under the Securities Act.

    

    (e)           Description of the
Corporation’s Capital Stock.  The Company is authorized to
issue 100,000,000 shares of common stock, $0.001 par value per share, of the
Company and   10,000,000 shares of Preferred Stock, $0.001 par
value per share.  The Company has issued 10,000,000 shares of common
stock to its officers and directors.

     

    SECTION
5

    

    

    5.1             Indemnity.  The
undersigned agrees to indemnify and hold harmless the Company, its officers and
directors, employees and its affiliates and their respective successors and
assigns and each other person, if any, who controls any thereof, against any
loss, liability, claim, damage and expense whatsoever (including, but not
limited to, any and all expenses whatsoever reasonably incurred in
investigating, preparing or defending against any litigation commenced or
threatened or any claim whatsoever) arising out of or based upon any false
representation or warranty or breach or failure by the undersigned to comply
with any covenant or agreement made by the undersigned herein or in any other
document furnished by the undersigned to any of the foregoing in connection with
this transaction.

    

    5.2           Modification.  Neither
this Agreement nor any provisions hereof shall be modified, discharged or
terminated except by an instrument in writing signed by the party against whom
any waiver, change, discharge or termination is sought.

    

    5.3           Notices.  Any
notice, demand or other communication which any party hereto may be required, or
may elect, to give to anyone interested hereunder shall be sufficiently given if
(a) deposited, postage prepaid, in a United States mail letter box, registered
or certified mail, return receipt requested, addressed to such address as may be
given herein, (b) delivered personally at such address, (c) upon the expiration
of twenty four (24) hours after transmission, if sent by facsimile if a
confirmation of transmission is produced by the sending machine (and a copy of
each facsimile promptly shall be sent by ordinary mail), (d) upon the expiration
of twenty four (24) hours after transmission, if sent by email if a confirmation
of transmission is produced by the sending computer (and a copy of each email
transmission promptly shall be sent by ordinary mail) or (e) on the third
business day, if sent by overnight recognized courier, in each case to the
parties at their respective addresses set forth below their signatures to this
Agreement (or at such other address for a party as shall be specified by like
notice; provided that the notices of a change of address shall be effective only
upon receipt thereof).

    
      
         

      

      
         

        
          

        

      

      
         

      

    

    

    5.4           Counterparts.  This
Agreement may be executed through the use of separate signature pages or in any
number of counterparts and by facsimile, and each of such counterparts shall,
for all purposes, constitute one agreement binding on all parties,
notwithstanding that all parties are not signatories to the same counterpart.
Signatures may be facsimiles.

    

    5.5           Binding
Effect.  Except as otherwise provided herein, this Agreement
shall be binding upon and inure to the benefit of the parties and their heirs,
executors, administrators, successors, legal representatives and
assigns.  If the undersigned is more than one person, the obligation
of the undersigned shall be joint and several and the agreements,
representations, warranties and acknowledgments herein contained shall be deemed
to be made by and be binding upon each such person and his heirs, executors,
administrators and successors.

    

    5.6           Entire
Agreement.  This Agreement and the documents referenced herein
contain the entire agreement of the parties and there are no representations,
covenants or other agreements except as stated or referred to herein and
therein.

    

    5.7           Assignability.  This
Agreement is not transferable or assignable by the undersigned.

    

    5.8             Applicable Law; Arbitration;
Jurisdiction.  This Agreement shall be governed by and
construed in accordance with the laws of the State of New York, without giving
effect to conflicts of law principles. Any dispute between or, action or
proceeding against any of the parties hereto under, arising out of or in any
manner relating to, this Agreement and the transactions contemplated herein
shall be submitted to and adjudicated by binding arbitration under the rules of
the American Arbitration Association (“AAA”).  Such arbitration shall
be in New York, New York. If there is any litigation regarding the arbitration
or otherwise relating to this section 5.8, the parties hereto irrevocably
consent to the jurisdiction of the courts of the State of New York and of any
federal court located in such State in connection with any action or proceeding
arising out of or relating to this Agreement, any document or instrument
delivered pursuant to, in connection with or simultaneously with this Agreement,
or a breach of this Agreement or any such document or instrument.  In
any such action or proceeding, each party hereto waives personal service of any
summons, complaint or other process and agrees that service thereof may be made
in accordance with Section 5.3.  Within 30 days after such service, or
such other time as may be mutually agreed upon in writing by the attorneys for
the parties to such action or proceeding, the party so served shall appear or
answer such summons, complaint or other process.EACH PARTY HERETO WAIVES TRIAL BY
JURY IN ANY ACTION, SUIT OR PROCEEDING ARISING OUT OF THIS AGREEMENT OR ANY
BREACH OR ALLEGED BREACH HEREOF.

    
      
         

      

      
         

        
          

        

      

      
         

      

    

    5.9           Pronouns.  The
use herein of the masculine pronouns "him" or "his" or similar terms shall be
deemed to include the feminine and neuter genders as well and the use herein of
the singular pronoun shall be deemed to include the plural as well.

    

    5.10           Further
Assurances.  Upon request from time to time, the undersigned
shall execute and deliver all documents and do all other acts that may be
necessary or desirable, in the reasonable opinion of the Company or its counsel,
to effect the subscription for the Shares in accordance herewith.

    

    

    

    

    
      
         

      

      
         

        
          

        

      

      
         

      

    

    SIGNATURE
PAGE

     

    IN WITNESS WHEREOF, the
parties hereto have executed this Agreement as of the day and year this
subscription has been accepted by the Company as set forth below.

     

    Number of
Shares

    
      	
              Subscribed
      For:

            	
              Print
      Name of Subscriber

            

    

     

    
      	
              _______________

            	 	 

    

     

    
      	
               
      

            	
              By:

            	 	 

    

    
      	
               
      

            	
              (Signature
      of Subscriber or

            

    

    
      	
               
      

            	
              Authorized
      Signatory)

            
	 	Address:	 
	 	 	 
	 	Telephone:	 
	 	Fax:	 

    

     

    
      ______________________________

      Social
Security Number or other

      Taxpayer
Identification
Number
                                               

    If the
Shares will be held as joint tenants, tenants in common, or community property,
please complete the following:

     

    
      	 	 	 
	 	 Print name of
      spouse or other co-subscriber	 

    

     

    
      	 	 	 
	 	 Signature of
      spouse or other co-subscriber	 

    

     

    
      	 	 	 
	 	 Print manner
      in which Shares will be held	 

     

    ______________________________

    Social
Security Number or other

    Taxpayer
Identification Number

     

    If the
Shares have been purchased through a broker or other intermediary, please
identify such entity:

     

    
      	 	 	 

    

     

     

    
      
         

      

      
         

        
          

        

      

      
         

      

    

    ACCEPTANCE
OF SUBSCRIPTION

    

    

                                        _____________________________

                                        Name of
Subscriber

    

    

    ACCEPTED
BY:

    

    ENTERTAINMENT
ART, INC.

     

    

     

    By:____________________________

       Name:

       Title:

     

    
    

     

    
      	 Date:  	 	  ,
      2007

    

     

                                                       

    

    

    

     

    
      	 Accepted
      for 	 	 Number of
      Shares

    

     

                                                         

    

    

    

    
      
         

      

      
         

        
          

        

      

      
         

      

    

    EXHIBIT
A

    ACCREDITED INVESTOR
STATUS

     

    The
undersigned subscriber represents that it is an Accredited Investor on the basis
that it is (check one):

     

    _____(i)  A
bank as defined in Section 3(a)(2) of the Act, or a savings and loan association
or other institution as defined in Section 3(a)(5)(A) of the Act, whether acting
in its individual or fiduciary capacity; a broker or dealer registered pursuant
to Section 15 of the Securities Exchange Act of 1934; an insurance company as
defined in Section 2(13) of the Act; an investment company registered under the
Investment Company Act of 1940 (the “Investment Company Act”) or a business
development company as defined in Section 2(a)(48) of the Investment Company
Act; a Small Business Investment Company licensed by the U.S. Small Business
Administration under Section 301(c) or (d) of the Small Business Investment Act
of 1958; a plan established and maintained by a state, its political
subdivisions or any agency or instrumentality of a state or its political
subdivisions for the benefit of its employees, if such plan has total assets in
excess of $5,000,000; an employee benefit plan within the meaning of the
Employee Retirement Income Security Act of 1974 (“ERISA”), if the investment
decision is made by a plan fiduciary, as defined in Section 3(21) of ERISA,
which is either a bank, savings and loan association, insurance company, or
registered investment advisor, or if the employee benefit plan has total assets
in excess of $5,000,000 or, if a self-directed plan, with investment decisions
made solely by persons that are accredited investors.

     

    _____(ii)  A
private business development company as defined in Section 202(a)(22) of the
Investment Advisers Act of 1940.

     

    _____(iii)  An
organization described in Section 501(c)(3) of the Internal Revenue Code,
corporation, Massachusetts or similar business trust, or partnership, not formed
for the specific purpose of acquiring the securities offered, with total assets
in excess of $5,000,000.

     

    _____(iv)  A
director or executive officer of the Company.

     

    _____(v)  A
natural person whose individual net worth, or joint net worth with that person’s
spouse, at the time of his or her purchase exceeds $1,000,000.

     

    _____(vi)  A
natural person who had an individual income in excess of $200,000 in each of the
two most recent years or joint income with that person’s spouse in excess of
$300,000 in each of those years and has a reasonable expectation of reaching the
same income level in the current year.

     

    _____(vii)  A
trust, with total assets in excess of $5,000,000, not formed for the specific
purpose of acquiring the securities offered, whose purchase is directed by a
sophisticated person as described in Rule 506(b)(2)(ii) (i.e., a person who has
such knowledge and experience in financial and business matters that he is
capable of evaluating the merits and risks of the prospective
investment).

     

    _____(viii)  An
entity in which all of the equity owners are accredited
investors.  (If this alternative is checked, the Subscriber must
identify each equity owner and provide statements signed by each demonstrating
how each is qualified as an accredited investor.  Further, the
Subscriber represents that it has made such investigation as is reasonably
necessary in order to verify the accuracy of this
alternative.)

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