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The Shares have not been registered under the United States Securities Act of 1933 or the securities laws of any state (the "Securities Laws"). The Shares are being offered and
sold in reliance on exemptions from the registration requirements of the Securities Laws. The Shares have not been approved or disapproved by the Securities and Exchange Commission, any state
securities commission or other regulatory authority, nor have any of those agencies passed upon or endorsed the merits of this offering. Any representation to the contrary is unlawful. The Shares
cannot be sold, transferred or otherwise disposed of unless that transaction is registered or exempt from registration under the Securities Laws, and the holder has provided the Company with a legal
opinion acceptable to the Company to that effect.  

 Exhibit 10.1  

 
 

STOCK PURCHASE AGREEMENT    
  

    This STOCK PURCHASE AGREEMENT ("Agreement") is made effective as of November 13, 2000, between
GLOBALMEDIA.COM, a Nevada corporation ("Company"), Standard Radio Inc., an Ontario corporation ("Standard
Radio"), Gary Slaight ("Slaight") and David Coriat ("Coriat"), Lama Jama
Investments, LLC, a Washington limited liability corporation ("Lama Jama"), (collectively, Standard Radio, Lama Jama, Slaight and Coriat may also be
referred in this Agreement as "Investor" or "Investors"), and Jeffrey Mandlebaum, a Washington resident. 

 
 

RECITALS    
  

    A. Standard Radio is a current shareholder of Company and has one representative, Gary Slaight, currently sitting on the Company's board of directors. Slaight
and Coriat are affiliated with Standard Radio. 

    B.
Lama Jama is 50% owned by Jeffrey Mandlebaum, the Company's current CEO, President and Chairman of the Board. 

    C.
The Company desires to sell to Investors, and Investors desire to purchase from the Company, 2,285,714 shares of the Company's common stock per share (the
"Common Stock"), pursuant to the terms and conditions of this Agreement (the "Investment"). The
Investment is being made in reliance on exemptions from registration and applicable state securities laws under the United States Securities Act of 1933 (the "Securities
Act"). The shares subject to this Agreement have not been registered under the Securities Act or under the state securities laws of any state of the United States
(collectively, the "Securities Laws"). 

    D.
In connection with the Investment, the parties desire to enter into various other agreements as set forth in Section 2. 

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AGREEMENT    
  

    In consideration of the mutual covenants and agreements set forth in this Agreement and other good and valuable consideration, the receipt and adequacy of
which the parties acknowledge, the parties agree as follows: 

 
 

1.  PURCHASE AND SALE OF SHARES    
  

    1.1  Purchase of Common Stock.  The Company will sell to
the Investors, and the Investors will purchase from the Company, an aggregate of 2,285,714 shares of the Company's common stock (the "Shares") as
follows: 

	Standard Radio	 	571,429 shares
	Mr. Slaight	 	285,714 shares
	Mr. Coriat	 	285,714 shares
	Lama Jama	 	1,142,857 shares

    1.2  Purchase Price.  The Investors will pay to the
Company U.S. $0.4375 per Share, for a total purchase price of U.S. $1,000,000 (the "Purchase Price"), as
follows:

	Standard Radio	 	$	250,000
	Mr. Slaight	 	$	125,000
	Mr. Coriat	 	$	125,000
	Lama Jama	 	$	500,000

    Investors
will pay the Purchase Price to the Company by wire transfer in United States' dollars at Closing. 

    1.3  Delivery of Certificates.  The Company will cause
its transfer agent to prepare a certificate or certificates representing the Shares, which certificate(s) will be delivered to the Investors at the Closing upon the Company's confirmed receipt of the
Purchase Price. 

 
 

2.  OTHER AGREEMENTS    
  

    2.1  Registration Rights Agreement.  The Company and the
Investors will enter into a Registration Rights Agreement ("Registration Rights Agreement"), in substantially the form attached to this Agreement as  Exhibit
 A, with regard to the Shares and all shares of the Company stock held by the Investors that are not otherwise registered. 

    2.2  Amendment to Previous Standard Radio Investment
Documents.  The Company and Standard Radio will amend the existing Private Placement Subscription Agreement between them, dated September 6, 2000, to
provide for a per share price of $0.4375 per share, as provided in an Amended Private Placement Subscription Agreement, in substantially the form attached to this Agreement as  Exhibit B
("Amended Standard Agreement") 

    2.3  Common Stock Purchase Warrant.  The Company will
exchange the common stock purchase warrant, dated September 6, 2000, held by Standard Radio for an Amended Common Stock Purchase Warrant, in substantially the form attached to this Agreement as
Exhibit C ("Amended Warrant"), which provides for a warrant exercise price of $0.4375 per share. 

    2.4  Metcalfe Agreement.  Michael Metcalfe will sell to
Standard Radio 1,000,000 shares of Common Stock held by him (the "Metcalfe Shares"), at $0.02 per share, as provided in a Stock Purchase Agreement, in
substantially the form attached to this Agreement as Exhibit D ("Metcalfe Agreement"). 

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    2.5  Mandelbaum Stock Option Agreement.  The Company will
grant options to purchase 300,000 shares of common stock (the "Options") to Mr. Mandelbaum in exchange for his continued service as Chairman of
the Board, as provided by a Stock Option Agreement in substantially the form attached to this Agreement as Exhibit E  ("Option Agreement").

    2.6  Amendment to Mandelbaum Executive Agreement.  The
Company and Mr. Mandelbaum will amend Mr. Mandelbaum's Executive Agreement as provided in an Amendment No. 1 to Executive Agreement, in substantially the form attached to this
Agreement as Exhibit F ("Executive Agreement Amendment"). 

    2.7  Porter Option Agreement and Escrow Agreement.  The
Company will grant fully vested options to purchase 228,572 shares of common stock (the "Porter Options") to L. James Porter, as a bonus in connection
with his service as the Company's Chief Financial Officer, as provided by a Stock Option
Agreement in substantially the form attached to this Agreement as Exhibit G ("Porter Option
Agreement") and the Attorney Escrow Agreement in substantially the form attached as Exhibit 1 to the Porter Option Agreement. The aggregate exercise price for the Porter
Options is $100,000.25. Mr. Porter will exercise those options and deliver the exercise price to the Company in immediately available funds on November 17, 2000. 

    2.8  Board of Directors.  Effective as of the Closing
date, the Board will be reorganized with resignations from Winston Barta and L. James Porter, and with David Coriat appointed to fill one of the vacancies. Mr. Mandelbaum, Mr. Metcalfe,
Mr. Slaight and Barr Potter will maintain their positions as directors. Mr. Mandelbaum will continue as Chairman of the Board. 

 
 

3.  CLOSING    
  

    3.1  Closing; Closing Date.  Closing of the transactions
contemplated in this Agreement (the "Closing") will take place via facsimile transmission at 11:00 a.m. on November 14, 2000, or at such other place, date, and time as may be agreed upon
by the parties (the "Closing Date"). 

    3.2  Closing Deliveries.  In addition to executing and
delivering this Agreement, the parties will deliver the following at Closing (the "Closing Deliveries"): 

     3.2.1  Deliveries by the Company.  The Company will deliver: 

      (a) A certificate or certificates prepared by Company's transfer agent representing the Investors' respective Shares upon confirmation
of the payment by each of the Investors of their portion of the Purchase Price. 

      (b) An executed Registration Rights Agreement. 

      (c) An executed Amended Standard Agreement and a certificate or certificates prepared by Company's transfer agent representing the
additional shares issuable to Standard Radio under that agreement. 

      (d) An executed Amended Warrant. 

      (e) The Metcalfe Agreement executed by Mr. Metcalfe and a certificate or certificates prepared by Company's transfer agent
representing the shares sold to Standard Radio under that agreement. 

      (f) An executed Executive Agreement Amendment. 

      (g) An executed Mandelbaum Option Agreement. 

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      (h) An executed Porter Option Agreement, Notice of Exercise, Attorney Escrow Agreement each executed by Mr. Porter and confirmed
wire transfer of the $100,000.25 exercise price for the option shares. 

      (i) Written resignations from Winston Barta and L. James Porter. 

      (j) Board resolutions approving the transactions contemplated by this Agreement and appointing David Coriat to fill a vacancy on the
Company's Board of Directors. 

     1.1.2  Deliveries by the Investors.  The Investors will deliver: 

      (a) Confirmed wire transfer to the Company of $500,000 from Lama Jama, $250,000 from Standard Radio, $125,000 from Mr. Coriat
and $125,000 from Mr. Slaight. 

      (b) The Registration Rights Agreement executed by the Investors and Mr. Mandelbaum. 

      (c) The Amended Private Placement Agreement executed by Standard Radio. 

      (d) The Metcalfe Agreement executed by Standard Radio, Mr. Slaight and Mr. Coriat, and payment of the purchase price
under that agreement in immediately available funds. 

      (e) The Mandelbaum Option Agreement accepted by Mr. Mandelbaum. 

      (f) The Executive Agreement Amendment executed by Mr. Mandelbaum. 

 
 

4.  REPRESENTATIONS, WARRANTIES AND COVENANTS OF THE COMPANY    
  

    To induce Investors' execution of this Agreement and consummation of the transactions contemplated by this Agreement, the Company represents, warrants and
covenants as follows: 

    4.1  Corporate Organization; Authorization.  The Company
is duly incorporated, validly existing and in good standing as a corporation under the laws of the State of Nevada and has full corporate power and authority to enter into this Agreement and to issue
the Shares, the Amended Warrant, and the shares issuable upon exercise of the Amended Warrant (the "Securities") to the Investors. This Agreement has been duly authorized, executed, and delivered by
the Company and constitutes a valid and binding agreement of the Company, enforceable in accordance with its terms, except as limited by applicable bankruptcy, insolvency, reorganization, moratorium,
fraudulent conveyance, and other laws of general application affecting enforcement of creditors' rights generally, as limited by laws relating to the availability of specific performance, injunctive
relief, or other equitable remedies. 

    4.2  Capital Stock.  The Company has authorized capital
stock consisting of 200,000,000 shares of Common Stock and 100,000,000 shares of preferred stock,, of which 8,500 had been designated Series A Convertible Preferred Stock, and 5,000 of which
has been designated as Series B Convertible Preferred Stock, and 5,000 of which has been designated as Series C Convertible Preferred Stock. As of November 13, 2000, the Company
had 29,157,090 outstanding shares of Common Stock, 3,975 outstanding shares of its Series A Convertible Preferred Stock, 5,000 outstanding shares of its Series B Convertible Preferred
Stock, and no outstanding shares of its Series C Convertible Preferred Stock. 

    4.3  Reporting Compliance.  The Common Stock is
registered pursuant to Section 12 of the Securities Exchange Act of 1934 (the "Exchange Act"), and the Company has filed all materials required to be filed pursuant to Section 13(a) or
15(d) of the Exchange Act for a period of at least 12 months immediately preceding the date of this Agreement. 

    4.4  Disclosure.  The Company has delivered to the
Investors copies of its Form 10-KSB for fiscal year ending July 31, 2000, which will be filed contemporaneously with the execution of this Agreement, and all other documents
and information that the Investors have requested in connection with the Investment (the "Disclosure Documents"). The information concerning the Company
set forth in the 

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Disclosure Documents was, of the date thereof, complete and accurate in all material respects and, to the best of the Company's knowledge, did not contain any untrue statement of a material fact or
omit to state a material fact required to make the statements made, in light of the circumstances under which they were made, not misleading. Upon request, the Company will provide to the Investors
any additional reports filed with the SEC after the date of this Agreement but prior to the Closing Date. 

    4.5  Characteristics of the Shares.  The Securities when
paid for, issued and delivered to Investors pursuant to this agreement or the Amended Warrant, will be duly and validly authorized and issued, fully paid, and nonassessable. There are no preemptive
rights to acquire Common Stock of the Company. 

    4.6  Consents.  Except for the consent of the Rose Glen
Investments, holder of the Company's Series A and B preferred stock, no consent or approval by any third person or public authority is required to authorize, or is required in connection with,
the execution, delivery or performance of this Agreement by the Company or the issuance of the Shares, Amended Warrant or Options. 

 
 

5.  REPRESENTATIONS, WARRANTIES AND COVENANTS OF INVESTORS    
  

    As an inducement to, and with the intent that the Company rely on the accuracy thereof, each Investor represents, warrants and covenants, severally and not
jointly, as follows: 

    5.1  Organization.  The Investor is duly organized and
validly existing under the laws of the jurisdiction of its organization. The Investor has the requisite power and is duly authorized under all applicable laws, regulations and ordinances, to acquire
Securities. The execution, delivery and performance of this
Agreement will not violate any provision of Investor's governing charter or any other contractual or legal obligation of Investor. 

    5.2  Approval of Agreement.  The Investor has taken all
action required by applicable law, its governing charter, or otherwise to authorize the execution and delivery of this Agreement and the consummation of the transactions contemplated by this
Agreement. This Agreement is the legal, valid, and binding obligation of the Investor, enforceable in accordance with its terms. The Investor is not required to obtain the authorization, approval,
consent, or order of, or make a registration or filing, with any court or other regulatory or governmental body in connection with the execution and delivery by Investor of this Agreement and the
consummation by Investor of the transactions contemplated by this Agreement. The execution of this Agreement and the consummation of the transactions contemplated by this Agreement, will not result in
the breach of any term or provision of, constitute an event of default under, or require the consent or approval of any third party pursuant to any material contract, agreement, or instrument to which
the Investor is a party or to which any of its properties or operations are subject. 

    5.3  Information.  The information concerning the
Investor provided to the Company in connection with this Agreement is complete and accurate in all material respects and does not contain any untrue statement of a material fact or omit to state a
material fact required to make the statements made, in light of the circumstances under which they were made, not misleading. 

    5.4  Risk Factors.  The Investor has been informed and
fully understand that there are significant risks associated with purchasing the Securities, including without limitation those set forth in the Disclosure Documents, which factors the Investor has
considered carefully before executing this Agreement. 

    5.5  Investors' Financial Condition.  The Investor
certifies that it is an "accredited investor," as defined in Regulation D under the Securities Act or a "non-U.S. person," as defined in Regulation S under the Securities
Act. The Investor is capable of bearing the economic risk and the burden of an investment in the Securities, including, but not limited to, the possibility of the complete loss of the 

5

 

Purchase Price. The Investor understands that there are substantial restrictions on the transferability of the Securities which may make the liquidation of the Securities impossible for the immediate
future. 

    5.6  Disclosure.  The Investor has received copies of
the Disclosure Documents. All documents requested by Investor have been made available for inspection and copying. The Investor has been supplied with all of the additional information concerning the
Securities and the Company that Investor has
requested. As current shareholders and/or entities with representatives or members on the Company's Board, the Investors have full information as to the Company's business and financial condition. 

    5.7  No Registration.  Investor acknowledges that the
Securities are being issued without being registered under the Securities Laws. The Securities are being acquired by the Investor for its own account, for investment (and not on behalf of, or with a
view toward distribution to, any other person) under exemptions from the registration provisions of the Securities Laws, except as set forth in the Registration Rights Agreement. Investor acknowledges
that it must therefore hold the Securities indefinitely unless they are subsequently registered under the Securities Laws or exemptions from such registration are available, and that the Company will
place stop transfer instructions with respect to the Securities. Except as otherwise provided in this Agreement or the Registration Rights Agreement, the Company is under no obligation (a) to
register the Securities or take any other action which would make an exemption from registration available, or (b) to cause or permit the Securities to be transferred in the absence of such
registration or an opinion satisfactory to the Company's counsel that an exemption is available. 

    5.8  Exclusive Reliance on this Agreement; No Oral
Representations.  In making the decision to purchase the Securities, as the case may be, Investor has relied exclusively upon the information provided by this
Agreement, the Disclosure Documents, information in any books, records or documents of the Company provided by the Company to Investor in connection with this Agreement, and Investor's knowledge of
the Company by virtue of its representative's or member's seat on the Board of Directors. Investor confirms that it is not relying upon any oral representations or statements made by the Company or by
any other person in purchasing the Securities. 

    5.9  Rule 144.  Investor acknowledges (a) that
the Securities are restricted securities, as defined in Rule 144 under the Securities Act, (b) that the Securities may not be resold in reliance on Rule 144 for at least one year
after issuance, and (c) that once the Securities are eligible for resale under Rule 144, they will be subject to certain resale restrictions contained in Rule 144, including
volume limitations and restrictions on the manner of resale, until they have been held for two years as provided in Rule 144. If Investor is an affiliate of the Company for purposes of
Rule 144, Investor understands that certain restrictions on resale would continue to apply under Rule 144 for so long as Investor is an affiliate. Investor acknowledges that it will be
an affiliate of the Company for so long as a nominee or member of Investor sits on the Company's Board of Directors. 

    5.10  Legend.  Investor acknowledges that the
certificates representing the Securities will bear substantially the following legend until such legend can be removed under applicable securities laws: 

These
securities have not been registered under the united states securities act of 1933, as amended (the "act"), or the securities laws of any state and were offered and sold in reliance on
exemptions
from the registration requirement of the act and such laws. These securities have not been approved or disapproved by the securities and exchange commission, any state securities commission or other
regulatory authority, nor have any of the foregoing authorities passed upon or endorsed the merits of these securities. Any representation to the contrary is unlawful. These securities cannot be sold,
transferred or otherwise disposed of to any person or entity unless subsequently registered under the act, and/or the laws of certain states, or unless an exemption from such registration is available
and the holder has provided the company with a legal opinion acceptable to the company to that effect. 

6

 

[Standard Radio, Coriat and Slaight Shares only] These securities have been issued under Regulation S of the Securities
Act of 1933, as amended (the "Securities Act") as securities issued outside the United States. No interest in these securities may be sold or offered for sale outside the United States unless such
sale or offer to sell satisfies the conditions for resale under Regulation S of the Securities Act. Hedging transactions with regard to the securities evidenced by this Amended Private
Placement Subscription Agreement may not be conducted unless in compliance with the Securities Act. 

[Standard Radio, Coriat and Slaight Shares only] The securities to which this Amended Private Placement Subscription Agreement
relates are subject to a hold period in all of the provinces of Canada and may not be traded in any of the Provinces of Canada except as permitted by applicable securities legislation. 

    5.11  Further Actions.  The Investor will execute and
deliver to the Company, at, before or after the Closing, such further letters of representation, acknowledgment, suitability or the like, as the Company and its counsel may reasonably request in
connection with the Company's reliance on exemptions from registration under the Securities Laws. 

    5.12  No Other Assurances.  The Investor acknowledges
that the basis for relying on exemptions from registration or qualifications are factual, depending on the conduct of the various parties, and that no legal opinion or other assurance will be required
or given to the effect that the transactions contemplated hereby are in fact exempt from registration or qualification. 

 
 

6.  CONDITIONS PRECEDENT TO OBLIGATIONS    
  

    6.1  Company's Closing Conditions.  The obligation of
the Company to close the transactions contemplated under this Agreement is subject to the fulfillment, on or before Closing, of each of the following conditions, unless waived in writing: 

     6.1.1  Representations and Warranties.  The representations and warranties of each Investor contained in  Section 5 will be true and
correct as of the Closing date with the same effect as though such representations and warranties had been made on and
as of the Closing date. 

     6.1.2  Performance.  All covenants, agreements and conditions contained in this Agreement to be
performed by each Investor or Mr. Mandelbaum on or prior to the Closing will have been performed or complied with in all material respects. 

     6.1.3  Closing Deliveries.  Each Investor and Mr. Mandelbaum has delivered all of their respective
Closing Deliveries to the Company. 

    6.2  Investors' Closing Conditions.  The obligation of
the Investors to close the transactions contemplated under this Agreement are subject to the fulfillment, on or before the Closing, of each of the following conditions, unless waived in writing: 

     6.2.1  Representations and Warranties.  The representations and warranties of the Company contained in
Section 4 will be true and correct as of the Closing date with the same effect as though such representations and warranties had been made as of the Closing date. 

     6.2.2  Performance.  All covenants, agreements and conditions contained in this Agreement to be
performed by the Company on or prior to the Closing will have been performed or complied with in all material respects. 

     6.2.3  Closing Deliveries.  The Company has delivered all of its Closing Deliveries to the Investors. 

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    6.3  Condition to Both Parties Obligations.  The
obligations of each party to close the transactions contemplated under this Agreement are subject to the satisfaction, at or before the Closing Date, of the following conditions, unless waived in
writing: 

     6.3.1  Consent.  The holder of the Company's Series A and Series B preferred stock has
consented in writing to this Agreement and the transactions contemplated in this Agreement. 

     6.3.2  Pending Claims.  No claim, action, suit, investigation, or proceeding is pending against any of
the Investors, Mr. Mandelbaum or the Company for the purpose of enjoining or preventing the consummation of the transactions contemplated in this Agreement or otherwise claiming that either
this Agreement or the consummation of the transactions contemplated in this Agreement are illegal. 

     6.3.3  Other Items.  Each party has received such further documents, certificates or instruments
relating to the transactions contemplated by this Agreement as the other party may reasonably request. 

 
 

7. INDEMNIFICATION    
  

     7.1  Indemnification by Investors.  Each Investor, severally, and not jointly, will: 

     7.1.1 indemnify and hold harmless the Company and its directors, officers, agents and employees, and each person, if any, who controls
the Company within the meaning of the Securities Act ("Affiliates"), from and against any and all claims, damages, expenses, liabilities, or actions
("Claims") to which any of them may become subject under applicable law (including the Securities Laws, Securities Act and the Exchange Act). 

     7.1.2 reimburse them for any legal or other expenses reasonably incurred by them in connection with the investigation or defense of any
Claims arising out of or based upon (1) a misrepresentation or alleged misrepresentation of material fact contained in any application or statement filed with a governmental body by the Company
or (2) the omission or alleged omission of a material fact required to be stated therein, or necessary in order to make the statements made therein not misleading, but only insofar as any such
misrepresentation or omission was made in reliance upon and in conformity with information furnished in writing by the Investor, and 

     7.1.3 furnish a written letter or statement confirming the accuracy of any information provided to the Company by the Investor, any
time upon the request of the Company. 

This
Section 7.1 will remain operative and in full force and effect, regardless of any investigation, made by behalf of the Company and will
survive the consummation of the transactions contemplated in this Agreement. 

    7.2  Indemnification by the Company.  The Company will 

     7.2.1 indemnify and hold harmless each Investor and their respective Affiliates from and against any Claims to which any of them may
become subject under applicable law (including the Securities Act and the Exchange Act), 

     7.2.2 (b) will reimburse them for any legal or other expenses reasonably incurred by them in connection with the investigation or
defense of any Claims (1) arising out of or are based upon any untrue statement or alleged untrue statement of a material fact contained in any proxy statement, report, application or statement
filed with a governmental body by Investors, or (2) arising out of or based upon the omission or alleged omission of a material fact required to be stated therein, or necessary in order to make
the statements therein not misleading, but only insofar as any such statement or omission was made in reliance upon and in conformity with information furnished in writing by the Company expressly for
use therein, and 

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     7.2.3 at any time upon the request of an Investor to furnish to it a written letter or statement confirming the accuracy of the
information with respect to the Company contained in any document referred to in this Agreement. 

    7.3  Survival; Liability.  The representations,
warranties, and covenants of the respective parties as set forth in this Agreement will survive the Closing and consummation of the transactions contemplated by this Agreement for a period of one year
from the date of this Agreement. The Company's cumulative liability to Investors for breaches of this Agreement under Section 7.1 and otherwise will not exceed the Purchase Price. 

 
 

8.  TERMINATION    
  

    8.1  Right to Terminate.  Notwithstanding anything to
the contrary in this Agreement, this Agreement may be terminated and the transactions contemplated in this Agreement abandoned at any time prior to Closing: 

     8.1.1  Mutual Consent.  By mutual written consent of the parties; 

     8.1.2  No Approvals.  By either party due to the Company's inability (through no fault of the Company)
to obtain any required consents; 

     8.1.3  Delay.  By either party if the Closing has not occurred by      , 2000. However, the
right to terminate this Agreement under this Section 8.1.3 will not be available to any party whose failure to fulfill any obligation under this
Agreement has been the cause of, or resulted in, the failure of the Closing to occur on or before such date; 

     8.1.4  Court Order.  By either party if a court or governmental agency of competent jurisdiction will
have issued an order, decree, or ruling permanently restraining, enjoining, or otherwise prohibiting the transactions contemplated by this Agreement, and such order, decree, ruling, or other action
will have become final and nonappealable; 

     8.1.5  Breach by Company.  By the Investors if the Company breaches any of the Company's representations
or warranties in any material respect or fails to comply in any material respect with any of the Company's covenants or agreements contained in this Agreement; or 

     8.1.6  Breach by the Investors.  By the Company if either Investor breaches any of its representations
or warranties in any material respect or fails to comply in any material respect or fail to comply in any material respect with any of the Investor's covenants or agreements contained in this
Agreement. 

    8.2  Effect of Termination.  The party choosing to
terminate this Agreement under Section 8.1 must give prior written notice of termination to the other party. The parties will thereafter be
released from all liabilities and obligations arising under this Agreement, unless termination arises from a breach of this Agreement or except as otherwise provided in this Agreement. Nothing in this
Agreement will relieve any party from liability for any intentional breach of this Agreement. 

 
 

9.  GENERAL PROVISIONS    
  

    9.1  Amendment or Waiver.  Every right and remedy
provided in this Agreement will be cumulative with every other right and remedy, whether conferred in this Agreement, at law, or in equity, and may be enforced concurrently with any right conferred by
this Agreement, and no waiver by any party of the performance of any obligation by the other will be construed as a waiver of the same or any other default then, theretofore, or thereafter occurring
or existing. This Agreement may be amended by a writing signed by the parties, with respect to any of the terms contained in this Agreement. Any term or condition of this Agreement may be waived or
the time for performance 

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thereof may be extended by a writing signed by the party or parties for whose benefit the provision is intended. 

    9.2  Attorney Fees.  If any party prevails in any action
or suit to enforce this Agreement or to secure relief from any default under or breach of this Agreement, the non-prevailing party or parties will reimburse the prevailing party or parties
for all costs, including without limitation reasonable attorney fees incurred in connection with such dispute and in enforcing or collecting any judgment rendered pursuant to such dispute. 

    9.3  Governing Law.  This Agreement will in all
respects, including all matters of construction, validity, and performance, be governed by, and construed and enforced in accordance with, the laws of the State of Nevada, without reference to any
rules governing conflicts of laws. 

    9.4  No Brokers.  Investors and the Company agree that
no third person has in any way brought the parties together or been instrumental in the negotiation, execution, or consummation of this Agreement. Investors and the Company each agree to indemnify the
other against any claim by any third person for any commission, brokerage, finders fee, or other payment with respect to this Agreement or the transactions contemplated hereby based upon any alleged
agreement or
understanding between such party and such third person, whether expressed or implied, arising from the actions of such party. The covenants set forth in this Section 9.4 will survive the
Closing Date and the consummation of the transactions contemplated by this Agreement. 

    9.5  No Public Announcement.  Neither of the parties to
this Agreement will, without the approval of the other party, make any press release or other public announcement concerning the transactions contemplated by this Agreement unless that party has first
provided a copy of such press release or public announcement to the other party at least three days prior to release. However, nothing contained in this Agreement will prohibit any party from making
(a) any public disclosure or announcement which is required by law, or (b) making a public announcement on or after the Closing Date with respect to the completion of the transactions
contemplated by this Agreement. 

    9.6  Notices.  All notices, demands, requests, or other
communications required or authorized under this Agreement will be deemed given sufficiently if in writing and if personally delivered; if sent 

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by confirmed facsimile transmission, registered or certified mail, return receipt requested and postage prepaid; or courier delivery: 

	If to Investors:	 	With a copy to:
	

Standard Radio Inc.

2 St. Clair Avenue West

Toronto, Ontario M4V 1L6

Canada

Facsimile: (416) 323-6828

Attention: David Coriat

Gary Slaight	
 	

      
      
      
Facsimile: 
Attention: 

	

Gary Slaight

112 Buckingham Avenue

Toronto, Ontario M4N 1R6

Canada

Facsimile: (416) 322-6800	
 	

      
      
Facsimile: 
Attention: 

	

David Coriat

85 Samantha Circle

Richmond Hill, Ontario L4B 2S1

Canada

Facsimile: (905) 889-2494	
 	

      
      
Facsimile: 
Attention: 

	

Lama Jama Investments, LLC

      
      
 Facsimile:

Attention: Jeffrey Mandelbaum	
 	

      
      
      
Facsimile: 
Attention: 

	
If to the Company:	
 	

With a copy to:
	

Global Media Corp.

400 Robson Street

Vancouver, BC V6B 2B4

CANADA

Facsimile: 604-688-2987

Attention: L. James Porter	
 	

Davis Wright Tremaine LLP

1501 Fourth Avenue, Ste. 2600

Seattle, Washington 98101-1688

Facsimile: 206-628-7699

Attention: Eugenie D. Mansfield

or
such other addresses and facsimile numbers as will be furnished in writing by any party in the manner for giving notices hereunder. Any such notice, demand, request, or other communication will be
deemed to have been given as of the date personally delivered or on the first business day after a legible copy sent by facsimile transmission is received, three days after the date mailed by
registered or certified mail, or on the first business day after the date sent by overnight courier delivery. 

    9.7  Third-Party Beneficiaries.  This
Agreement is solely between the Company, the Investors and Mr. Mandelbaum, and no director, officer, stockholder, employee, agent, independent contractor or any other person or entity will be
deemed, in such capacity, to be a third-party beneficiary of this Agreement. 

11

 

    9.8  Independent Counsel.  Investors and
Mr. Mandelbaum acknowledge that the Company has recommended that each of them obtain independent legal advice regarding this Agreement, and that each of them has had an adequate opportunity to
do so. Investors acknowledge that Davis Wright Tremaine LLP, legal counsel for the Company, has not represented Investors. 

    9.9  Entire Agreement.  This Agreement and the documents
to be delivered pursuant to this Agreement, represent the entire agreement between the parties relating to their subject matter. There are no other courses of dealing, understanding, agreements,
representations, or warranties, written or oral, except as set forth in this Agreement or such documents. 

    9.10  Counterparts.  This Agreement may be executed in
multiple counterparts, each of which will be deemed an original and all of which taken together will be but a single instrument. 

Signatures on next page  

12

 

    Executed as of the date first set forth above. 

	 	INVESTORS:
	

 	

STANDARD RADIO, INC.
	

 	

By 
 David Coriat

Executive Vice President
	

 	

LAMA JAMA INVESTMENTS, LLC
	

 	

By 
Name: 
Its 

	

 	

MR. MANDELBAUM
	

 	

 Jeffrey Mandelbaum
	
 	

COMPANY:

GLOBALMEDIA.COM
	

 	

By: 
Name: 
Title: 

	
 	

ADDITIONAL INVESTORS:
	

 	

 Gary Slaight
	

 	

 David Coriat

13

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STOCK PURCHASE AGREEMENT

RECITALS

AGREEMENT

1. PURCHASE AND SALE OF SHARES

2. OTHER AGREEMENTS

3. CLOSING

4. REPRESENTATIONS, WARRANTIES AND COVENANTS OF THE COMPANY

5. REPRESENTATIONS, WARRANTIES AND COVENANTS OF INVESTORS

6. CONDITIONS PRECEDENT TO OBLIGATIONS

7. INDEMNIFICATION

8. TERMINATION

9. GENERAL PROVISIONSPrepared by MERRILL CORPORATION www.edgaradvantage.com

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Exhibit 10.2  

 
 

REGISTRATION RIGHTS AGREEMENT    
  

    This REGISTRATION RIGHTS AGREEMENT ("Agreement"), is entered into as of November 14, 2000, between
GlobalMedia.com, a Nevada corporation (the "Company"), and Standard Radio Inc., an Ontario corporation, Gary Slaight and David Coriat, both
residents of Ontario, Canada (collectively, "Standard Radio"), and Lama Jama Investments LLC, a Washington limited liability corporation
("Lama Jama") (collectively with Standard Radio, the "Investors"), and Jeffrey Mandelbaum, a Washington
resident (the Investors and Mr. Mandelbaum collectively, the "Holders"). 

 
 

RECITALS    
  

    A.
The Investors and the Company have entered into a Securities Purchase Agreement dated as of November 13, 2000 (the "Purchase
Agreement"), pursuant to which the Investors are purchasing 2,285,714 shares of the Company' s Common Stock (the "Shares") for
an aggregate purchase price of $1,000,000. 

    B.
Mr. Mandelbaum is a member of Lama Jama and is the Company's CEO, President and Chairman of the Board. 

    C.
Mr. Slaight and Mr. Coriat are executive officers of Standard Radio, and Mr. Slaight currently sits on the Board of the Company representing Standard Radio. 

    D.
It is a condition precedent to the obligations of each Investor under the Securities Purchase Agreement that the Company grant registration rights with respect to the shares of the
Company's Common Stock held by or issuable upon the exercise of warrants held by the Holders on the terms and conditions set forth in this Agreement. 

 
 

AGREEMENT    
  

    The parties hereby agree as follows: 

 
 

1.  DEFINITIONS.    
  

    1.1  "Register,"
"registered," and "registration" refer to a registration effected by preparing and filing a registration
statement or similar document in compliance with the Securities Act of 1933 (the "Securities Act"), and the declaration or ordering of effectiveness of
such registration statement or document; 

    1.2  "Registrable Securities" means 

    1.2.1 the Shares, 

    1.2.2 the shares of Common Stock issued by the Company to Standard Radio pursuant to the Private Placement Subscription Agreements
dated as of December 7, 1999, and as of September 6, 2000, as amended by the Amendment to Private Placement Subscription Agreement dated as of the same date as this Agreement; 

    1.2.3 the shares of Common Stock issuable to Standard Radio upon exercise of Amended Common Stock Purchase Warrant dated as of the same
date as this Agreement; 

    1.2.4 the shares of Common Stock sold by Michael Metcalfe to Standard Radio pursuant to the Share Purchase Agreements dated
September 7, 2000, 

1

 

    1.2.5 the shares of Common Stock sold by Michael Metcalfe to Standard Radio, Slaight and Coriat as of the same date as this Agreement; 

    1.2.6 the shares of Common Stock sold by Michael Metcalfe to Mr. Mandelbaum pursuant to the Share Purchase Agreement dated as of
February 1, 2000; and 

    1.2.7 any other shares of Common Stock of the Company issued as (or issuable upon the conversion or exercise of any warrant, right or
other security which is issued as) a dividend or other distribution with respect to, or in exchange for or in replacement of, the shares listed in this  Section 1.2 or any other shares of the
Company's Common Stock held by the Holders that are not otherwise registered. 

However,
"Registrable Securities" does not include (a) shares sold by a person in a transaction in which his or her rights under this Agreement
are not assigned, (b) shares sold to or through a broker or dealer or underwriter in a public distribution or a public securities transaction, or (c) sold in a transaction exempt from
the registration and prospectus delivery requirements of the Securities Act under Section 4(1) so that all transfer restrictions, and restrictive legends with respect thereto, if any, are
removed upon the consummation of such sale; 

    1.3 The number of shares of "Registrable Securities then outstanding" means the number
of shares of Common Stock outstanding, plus the number of shares of Common Stock issuable pursuant to then-exercisable or convertible securities, which are Registrable Securities; 

    1.4 "SEC" means the Securities and Exchange Commission; and 

 
 

2.  REGISTRATION.    
  

    2.1  Registration Obligation.  Subject to  Section 2.4, the Company
will file a registration statement covering the Registrable Securities (the "Registration
Statement") and use its best efforts to cause the SEC to declare the Registration Statement effective within 180 days from the Closing of the Purchase Agreement. 

     2.1.1  Effective Period.  The Company will keep the Registration Statement effective until the earlier of
(a) the date all of the Registrable Securities registered under the Registration Statement have been sold, or (b) one year from closing of the Purchase Agreement (the
"Effectiveness Period"). However, the Effectiveness Period will be extended by the aggregate number of days of the Holders are required to suspend sales
of the Registrable Securities under Section 2.3.2. 

     2.1.2  Blackout Provisions.  Notwithstanding  Section 2.1.1, the Company may (a) postpone the filing of the Registration Statement,
or (b) allow the Registration Statement to
fail to be effective and usable or elect that the Registration Statement will not be usable for a reasonable period of time, but not in excess of 90 days (a "Blackout
Period"), if the Board determines in good faith that the registration and distribution of the Registrable Securities (or the use of the Registration Statement or the
Prospectus) would (i) interfere with any proposed or pending material corporate transaction involving the Company or any of its subsidiaries or (ii) would require premature disclosure
thereof or would require the Company to disclose information that the Company has not otherwise made public and that the Company reasonably determines is in the best interests of the Company not to
disclose at such time. In such case, the Company must notify the Holders in writing not later than five business days after such determination (a "Blackout
Notice"). 

    2.2  Obligations of the Company.  For the Effectiveness
Period, the Company will: 

2

 

    2.2.1 prepare and file with the SEC such amendments and supplements to the Registration Statement and the prospectus used in connection
with the Registration Statement (the "Prospectus") as may be necessary to comply with the provisions of the Securities Act with respect to the disposition of all securities covered by such
registration statement; 

    2.2.2 furnish to each Holder (a) each version of the Registration Statement at least five days before it is filing with the SEC,
for the Holders' review and comments, (b) such numbers of copies of the Prospectus as the Holders may reasonably request, and (c) such other documents as any Holder may
reasonably request in order to facilitate the disposition under the Registration Statement of the Registrable Securities owned by it; 

    2.2.3 use its best efforts to register and qualify the securities covered by the Registration Statement under such other securities or
Blue Sky laws of such jurisdictions as will be reasonably requested by the Holders, provided that the Company will not be required in connection
therewith or as a condition thereto to qualify to do business in any such states or jurisdictions; 

    2.2.4 notify each Holder of Registrable Securities covered by the Registration Statement at any time when a prospectus relating thereto
is required to be delivered under the Securities Act of the happening of any event as a result of which the Prospectus, as then in effect, includes an untrue statement of a material fact or omits to
state a material fact required to be stated therein or necessary to make the statements therein not misleading in the light of the circumstances then existing; 

    2.2.5 cause all such Registrable Securities registered pursuant hereunder to be listed on each securities exchange or automated
quotation system on which similar securities issued by the Company are then listed; and 

    2.2.6 provide the Company's transfer agent and registrar a CUSIP number for all Registrable Securities, in each case not later than the
effective date of the Registration Statement. 

    2.3  Obligations of the Holders  . 

     2.3.1  Information.  It will be a condition precedent to the obligations of the Company under
Section 2, that the Holder of any Registrable Securities included in the Registration Statement promptly furnish to the Company, all information specified in Item 507 of
Regulation S-K under the Securities Act, including all requested information regarding (a) such Holder, (b) the Registrable Securities held by it, and (c) the
intended method of disposition of such securities, as the Company will require in order to effect the registration of such Holder's Registrable Securities. Each Holder as to which the Registration
Statement is being effected agrees to furnish promptly to the Company all information required to be disclosed in order to make the information previously furnished to the Company by such Holder not
materially misleading. 

     2.3.2  Suspension of Sales.  Each Holder agrees that, upon receipt of any notice from the Company of the
existence of any fact of the kind described in Section 2.2.4 or the commencement of a Blackout Period,
the Holder will immediately discontinue disposition of its Registrable Securities pursuant to the Registration Statement until (a) such Holder's receipt of the copies of a supplemented or
amended Prospectus, or (b) until it is advised in writing by the Company that the use of the Prospectus may be resumed, and has received copies of any additional or supplemental filings that
are incorporated by reference in the Prospectus. If so directed by the Company, each Holder will deliver to the Company all copies, other than permanent file copies then in such Holder's possession,
of the Prospectus covering such Securities that was current at the time of receipt of such notice. 

3

 

     2.3.3  Delay of Registration.  No Holder will have any right to obtain or seek an injunction restraining
or otherwise delaying any such registration as the result of any controversy that might arise with respect to the interpretation or implementation of Section 2. 

    2.4  Expenses of Registration.  The Company will pay all
expenses incurred in connection with one registration required under Section 2, including (without limitation) (a) all registration,
filing, qualification, printers' and accounting fees, (b) the reasonable fees and disbursements of one counsel for the selling Holders selected by them with the approval of the Company, which
approval will not be unreasonably withheld, (c) the fees and disbursements of counsel for the Company, and (d) any underwriters' discounts or commissions associated with Registrable
Securities. 

 
 

3.  INDEMNIFICATION.    
  

    In the event any Registrable Securities are included in a Registration Statement under Section 2: 

    3.1  Indemnification by the Company.  To the extent
permitted by law, the Company will indemnify and hold harmless each Holder, any underwriter (as defined in the Securities Act) for such Holder and each person, if any, who controls such Holder or
underwriter within the meaning of the Securities Act or the Securities Exchange Act of 1934 (the "Exchange Act") (collectively the
"Holder Indemnified Parties"), against any losses, claims, damages, or liabilities (joint or several) to which they may become subject under the
Securities Act, the Exchange Act or other federal or state law, insofar as such losses, claims, damages, or liabilities (or actions in respect thereof) arise out of or are based upon any of the
following statements, omissions or violations (each a "Claim"): 

    3.1.1 any untrue statement or alleged untrue statement of a material fact contained in the Registration Statement, including the
Prospectus, or any amendments or supplements thereto; 

    3.1.2 the omission or alleged omission to state in the Registration Statement or the Prospectus a material fact required to be stated
therein, or necessary to make the statements therein not misleading; or 

    3.1.3 any violation or alleged violation by the Company of the Securities Act, the Exchange Act, any state securities law or any rule
or regulation promulgated under the Securities Act, the Exchange Act or any state securities law. 

    The
Company will pay, as incurred, any legal or other expenses reasonably incurred by any Holder Indemnified Party in connection with investigating or defending any such loss, claim,
damage, liability, or action. 

    3.2  Indemnification by the Holders.  To the extent
permitted by law, each selling Holder, jointly and not severally will indemnify and hold harmless the Company, each of its directors, each of its officers who has signed the registration statement,
each person, if any, who controls the Company within the meaning of the Securities Act, any underwriter, any other Holder selling securities in such registration statement and any controlling person
of any such underwriter or other Holder (the "Company Indemnified Parties"), against any Claim to which any of the Company Indemnified Parties may
become subject, to the extent (and only to the extent) that such Claim arises out of or is based upon the Company's reliance upon written information furnished by such Holder expressly for use in
connection with the Registration Statement or the Prospectus, or any amendment or supplement thereof. Each Holder will pay, as incurred, any legal or other expenses reasonably incurred by any Company
Indemnified Party in connection with investigating or defending any such loss, claim, damage, liability, or action. However, the Holder will not be obligated to indemnify the Company Indemnified
Parties under this Section 3.2 for amounts paid in settlement of any Claim if settlement of such Claim is effected without the consent of the Holder, which consent will not be unreasonably
withheld. 

4

 

    3.3  Limitations.  

     3.3.1  Settlements.  No indemnifying party will be obligated to indemnify an indemnified party under this  Section 3 for amounts paid in
settlement of any Claim if settlement of such Claim is effected without the consent of the indemnifying party,
which consent will not be unreasonably withheld. 

     3.3.2  Company Indemnification Limitations.  In no event (a) will the Company be obligated to
indemnify any Holder Indemnified Party for any Claim to the extent that it arises out of or is based upon written information furnished to the Company by any Holder Indemnified Party expressly for use
in connection with such registration, or (b) will any indemnity by the Company under Section 3.1 exceed the amount of consideration the
Company received for the Registrable Securities from the Holder requesting such indemnification or Holder Indemnified Party related to such Holder. 

     3.3.3  Indemnification Limitations.  In no event will any indemnity obligation by a Holder under  Section 3.2 exceed the amount of
consideration the Holder received upon sale of the Registrable Securities. 

    3.4  Survival.  The obligations of the Company and
Holders under this Section 3 will survive the completion of the offering of Registrable Securities in the Registration Statement and otherwise for one year (the
"Indemnification Period"). 

    3.5  Indemnification Procedures.  

     3.5.1  Claim Notice.  Any claim for indemnification under  Section 31. or 3.2 must
be made in writing and delivered as a notice by the party seeking
indemnification to the party from whom indemnification is sought within the Indemnification Period, specifying in reasonable detail the nature and estimated amount of the claim. 

     3.5.2  Third-Party Claims.  If the claim specified in the claim notice relates to a third-party claim,
the indemnifying party shall have 15 days after its receipt of the claim notice to notify the indemnified party whether the indemnifying party agree that the claim is subject to indemnification
pursuant to Section 3.1 or 3.2, and whether the indemnifying party elects to defend such
third-party claim at its own expense. If the claim relates to a third-party claim that the indemnifying party elects to defend, the indemnified party shall reasonably cooperate with such defense. The
indemnified party shall, however, be entitled to participate in the defense or settlement of such a third-party claim through its own counsel and at its own expense and shall be entitled to approve or
disapprove any proposed settlement that would impose a duty or obligation on the indemnified party. If the indemnifying party does not timely elect to defend a third-party claim, or if the
indemnifying party fail to conduct such defense with reasonable diligence, then the indemnified party may conduct the defense of, or settle, such claim at the risk and expense of the indemnifying
party. 

     3.5.3  Claims Other Than Third-Party Claims.  If the claim does not relate to a third-party claim, the
indemnifying party shall have 30 days after receipt of the claim notice to notify the indemnified party in
writing whether the indemnifying party accepts liability for all or any part of the claim and the method and timing of any proposed payment. If the indemnifying party does not so notify the
indemnified party, the indemnifying party shall be deemed to have accepted liability for all damages described in the Claim notice. 

 
 

4.  REPORTS UNDER SECURITIES EXCHANGE ACT OF 1934.    
  

    With a view to making available to the Holders the benefits of Rule 144 promulgated under the Securities Act and any other rule or regulation of the SEC
that may at any time permit a Holder to sell 

5

 

securities of the Company to the public pursuant Rule 144 under the Securities Act or pursuant to a Form S-3 Registration Statement, the Company agrees to: 

    4.1 make and keep public information available, as those terms are understood and defined in Rule 144, for the Effectiveness
Period so long as the Company remains subject to the periodic reporting requirements under Sections 13 or 15(d) of the Exchange Act; 

    4.2 take such action as is necessary to enable the Holders to utilize Form S-3 for the sale of their Registrable
Securities; 

    4.3 file with the SEC in a timely manner all reports and other documents required of the Company under the Securities Act and the
Exchange Act; and 

    4.4 for so long as the Holder owns any Registrable Securities, to furnish to each Holder upon its request (a) a written
statement by the Company that it has complied with the reporting requirements of Rule 144, the Securities Act and the Exchange Act, or that it qualifies as a registrant whose securities may be
resold pursuant to Form S-3 (at any time after it so qualifies), (b) a copy of the most recent annual or quarterly report of the Company and such other reports and documents
filed with the SEC by the Company, and (c) such other information as may be reasonably requested in availing any Holder of any rule or regulation of the SEC which permits the selling of any
such securities without registration or pursuant to such form. 

 
 

5.  TERMINATION.    
  

    This Agreement will terminate and be of no further force or effect if and when the Company sells, conveys, or otherwise disposes of all or substantially all of
its property or business or merges into or consolidates with any other corporation (other than a wholly-owned subsidiary corporation) or effects any other transaction or series of related transactions
in which more than 50% of the voting power of the Company is disposed of, provided that this Section 5 will not apply to a merger effected exclusively for the purpose of changing the domicile
of the Corporation. 

 
 

6.  MISCELLANEOUS.    
  

    6.1  Successors and Assigns.  Except as otherwise
provided in this Agreement, the terms and conditions of this Agreement will inure to the benefit of and be binding upon the respective permitted successors and assigns of the parties (including
transferees of any of the Common Stock issued upon conversion thereof). Nothing in this Agreement, express or implied, is intended to confer upon any party other than the parties hereto or their
respective successors and assigns any rights, remedies, obligations, or liabilities under or by reason of this Agreement, except as expressly provided in this Agreement. 

    6.2  Amendments and Waivers.  This Agreement may be
amended or waived only with the written consent of the Company and the Holders. The failure of either party to enforce any provision of this Agreement at any time will not be construed to be a waiver
of such provision or of the subsequent right to enforce that provision or any other provision of this Agreement. No waiver by either party, either express or implied, of any provision in this
Agreement will be construed as a waiver of any subsequent breach of that or any other provision. 

    6.3  Notices.  Unless otherwise provided, any notice
required or permitted by this Agreement will be in writing and will be deemed sufficient upon delivery, when delivered personally or by overnight courier or sent by telegram or confirmed facsimile
transmission, or 48 hours after being deposited in the U.S. mail as evidenced by its postmark, as certified or registered mail, with postage prepaid, and addressed to the party to be notified
at such party's address or fax number as set forth or as subsequently modified by written notice. 

6

 

    6.4  Severability.  If one or more provisions of this
Agreement are held to be unenforceable under applicable law, the parties agree to renegotiate such provision in good faith. In the event that the parties cannot reach a mutually agreeable and
enforceable replacement for such provision, then (a) such provision will be excluded from this Agreement, (b) the balance of the Agreement will be interpreted as if such provision were
so excluded and (c) the balance of the Agreement will be enforceable in accordance with its terms. 

    6.5  Governing Law.  This Agreement and all acts and
transactions pursuant hereto will be governed, construed and interpreted in accordance with the laws of the State of Washington, without giving effect to principles of conflicts of laws. 

    6.6  Counterparts.  This Agreement may be executed in two
or more counterparts, each of which will be deemed an original, but all of which together will constitute one and the same instrument. 

    6.7  Attorney Fees.  The substantially prevailing party
in any arbitration or litigation concerning this Agreement is entitled to reimbursement of its court costs and reasonable attorney fees by the non-prevailing party, including such costs
and fees as may be incurred on appeal or in bankruptcy proceedings. 

    6.8  Entire Agreement.  This Agreement constitute the
entire agreement of the parties, and supercede all written or oral previous agreements, with regard to the subject matter of this Agreement. 

[Signatures are on the following page]

7

 

    Executed as of the date first above written. 

	 	COMPANY:
	

 	

GLOBALMEDIA.COM.
	

 	

By: 
Print Name: 
Title: 
 Address: 400 Robson Street

Vancouver, British Columbia

Canada V613 2134

	 	Fax No. (604)  

	

 	
HOLDERS:
	

 	

STANDARD RADIO INC.
	

 	

By: 
Name: 
Title: 
 Address: 2 St. Clair Avenue West

Toronto, Ontario M4V 1 L6

Canada

	 	Fax Number 

	

 	

LAMA JAMA INVESTMENTS LLC
	

 	

By: 
Name: 
Title: 
Address: 
      

Fax Number 

	

 	

MR. MANDELBAUM:
	

 	

 Jeffrey Mandelbaum
	

 	

MR. CORIAT
	

 	

 David Coriat
	

 	

MR. SLAIGHT
	

 	

 Gary Slaight

8

QuickLinks

REGISTRATION RIGHTS AGREEMENT

RECITALS

AGREEMENT

1. DEFINITIONS.

2. REGISTRATION.

3. INDEMNIFICATION.

4. REPORTS UNDER SECURITIES EXCHANGE ACT OF 1934.

5. TERMINATION.

6. MISCELLANEOUS.

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