Document:

Exhibit 10.5 Filed herewith.

Exhibit 10.5

UNSECURED PROMISSORY NOTE

PRINCIPAL AMOUNT:  

$20,000.00

LOAN DATE:  

October 24, 2011

EXECUTION DATE:

October 26, 2011

INTEREST RATE: 

10.00% SIMPLE INTEREST

BORROWER:

NEW YORK TUTOR COMPANY

LENDER:

888 INVESTMENT LTD.

PAYMENT:

$20,000.00 DUE ON DEMAND 

1.

Principal Repayment.  For value received, New York Tutor Company, a Nevada corporation (the “Borrower”) hereby unconditionally promises to pay to the order of 888 Investment Ltd. (the “Lender”), the principal amount of Twenty Thousand Dollars ($20,000.00), with simple interest accruing at a annual rate of ten percent (10.00%) thereon. The principal amount is due and payable on demand upon ten (10) days written notice by Lender (the “Due Date”).

2.

Payment Terms. Borrower shall pay the principal and any accrued interest in full on or before Due Date.

3.

Default. Borrower will be in default if any of the following occur: 

(a)

Borrower fails to make the Principal Repayment when due; 

(b)

Borrower breaks any promise Borrower has made to Lender in this Note or Borrower fails to perform promptly at the time and strictly in the manner provided in this Note; 

(c)

Any representation or statement made or furnished to Lender by Borrower or on Borrower's behalf in connection with this Note is false or misleading in any material respect; or, 

(d)

A receiver is appointed for any part of Borrower's property, Borrower makes an assignment for the benefit of creditors, or any proceeding is commenced either by Borrower or against Borrower under any Bankruptcy or insolvency laws seeking the liquidation or reorganization of Borrower and such proceeding is not dismissed within sixty (60) days after such filing.

4.

Borrower’s Right to Prepay.  Borrower may pay without penalty, all or a portion of the amount owed earlier that it is due. Any prepayment shall be first applied against any accrued and unpaid interest and then to reduce the amount of principal due under this Note.

5.

Waiver of Demand, Presentment, etc. The Borrower hereby expressly waives demand and presentment for payment, notice of nonpayment, protest, notice of protest, notice of dishonor, notice of acceleration or intent to accelerate, bringing of suit and diligence in taking any action to collect amounts called for hereunder and shall be directly and primarily liable for the payment of all sums owing and to be owing hereunder, regardless of and without any notice, diligence, act or omission as or with respect to the collection of any amount called for hereunder.

6.

Payment.  Except as otherwise provided for herein, all payments with respect to this Note shall be made in lawful currency of the United States of America by check or wire transfer of immediately available funds, at the option of the Lender, at the principal office of the Lender or such other place or places or designated accounts as may be reasonably specified by the Lender of this Note in a written notice to the Borrower at least one (1) business day prior to payment. 

7.

Assignment.  The rights and obligations of the Borrower and the Lender of this Note shall be binding upon, and inure to the benefit of, the permitted successors, assigns, heirs, administrators and transferees of the parties hereto.

8.

Waiver and Amendment.  Any provision of this Note, including, without limitation, the due date hereof, and the observance of any term hereof, may be amended, waived or modified (either generally or in a particular instance and either retroactively or prospectively) only with the written consent of the Borrower and the Lender

9.

Notices. Any notice, request or other communication required or permitted hereunder shall be in writing and shall be deemed to have been duly given if personally delivered or mailed by registered or certified mail, postage prepaid, or delivered by facsimile transmission, to the Borrower at the address or facsimile number set forth herein or to the Lender at its address or facsimile number set forth in the records of the Borrower.  Any party hereto may by notice so given change its address for future notice hereunder.  Notice shall conclusively be deemed to have been given when personally delivered or when deposited in the mail in the manner set forth above and shall be deemed to have been received when delivered or, if notice is given by facsimile transmission, when delivered with confirmation of receipt.

10.

Severability.  If one or more provisions of this Note are held to be unenforceable under applicable law, such provisions shall be excluded from this Note, and the balance of this Note shall be interpreted as if such provisions were so excluded and shall be enforceable in accordance with its terms.

11.

Headings.  Section headings in this Note are for convenience only, and shall not be used in the construction of this Note.

IN WITNESS WHEREOF, the Borrower has caused this Note to be issued as of the date first above written.

NEW YORK TUTOR COMPANY

By:  /s/ Mark Simon      

        Name: Mark Simon

        

        Title: CEO

2Exhibit 10.1 Purchase Agreement Min Yang

Exhibit 10.1

STOCK PURCHASE AGREEMENT

This Stock Purchase Agreement (the “Agreement”) is made as of December 12, 2011 (the “Effective Date”), by and among TK Star Design, Inc, a Nevada corporation, also known as “China Global Media, Inc.” (the “Company”), and Min Yang 杨敏, an individual resident of the People of Republic of China (the “Purchaser”).

RECITALS

A.

Company and Purchaser are executing and delivering this Agreement in reliance upon the exemption from securities registration afforded by Regulation D promulgated under the Securities Act of 1933, as amended (the “Securities Act”), and such other Federal and state securities exemptions as may be deemed available;

B.

Company and Purchaser are executing and delivering this Agreement to amend the Stock Purchase Agreement entered by Company and Purchaser on November 30, 2011. Company and Purchaser agree that the terms set forth in the Stock Purchase Agreement dated November 30, 2011 are no longer effective and the terms set forth in this Agreement shall be binging upon Company and Purchaser.

C.

The Purchaser wishes to purchase from the Company and the Company wishes to sell to the Purchaser, upon the terms and conditions stated in this Agreement, Three Million and Six Hundred Thousand (3,600,000) shares of common stock (“Purchased Stock”), for the price of US $ 0.40 (or RMB 2.55 Yuan) per share, an aggregate of US $ 1,440,000.00 (or RMB 9,180,000.00 Yuan) (the “Purchase Price”).

In consideration of the mutual promises made herein and for other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the parties hereto agree as follows:

Section 1. Purchase and Sale of the Shares.

Subject to the terms and conditions of this Agreement, on the Closing, the Purchaser shall purchase, and the Company shall issue to the Purchaser, Three Million and Six Hundred Thousand (3,600,000) shares of common stock (“Purchased Stock”), for the price of US $ 0.40 (or RMB 2.55 Yuan) per share, an aggregate of US $ 1,440,000.00 (or RMB 9,180,000 Yuan) (the “Purchase Price”).

Section 2. Closing.

At the time and place mutually agreed upon by both Parties, the Company shall deliver to Purchaser a certificate or certificates representing the Purchased Stock and Purchaser shall immediately deliver the total Purchase Price by wire transfer to the Company.

Section 3. Representations and Warranties of the Company.  

The Company hereby represents and warrants to the Purchaser, that as of the Effective Date and as of Closing:

3.1. 

The Company is an entity duly incorporated under the laws of the State of Nevada and in good standing. Company has all power and authority to execute, deliver and perform this Agreement.  This Agreement is the valid and binding obligation of Company, enforceable against Company in accordance with its terms.

3.2. 

Neither the Company nor any Person acting on its behalf has offered or sold or will offer or sell any of the Purchased Stock by any form of “general solicitation” or “general advertising” (as those terms are used in Regulation D, promulgated under the Securities Act) in connection with the offer or sale of any of the Purchased Stock.  The Company has offered the Purchased Stock for sale only to the Purchaser, an “accredited investor” within the meaning of Rule 501(a) under Regulation D.

3.3.

 The Company is a “reporting company” subject to the reporting requirements of the Securities Exchange Act of 1934 and the common stock of the Company is quoted and trading on the Over The Counter Bulletin Board (“OTCBB”)

1

Section 4. Representations and Warranties of Purchaser

Purchaser represents and warrants to Company as follows:

4.1. 

Each Purchaser has all power and authority to execute, deliver and perform this Agreement.  

4.2.

This Agreement is the valid and binding obligation of Purchaser, enforceable against Purchaser in accordance with its terms.

4.3.

The Purchased Stock will be acquired for investment for the account of Purchaser and not with a view to the distribution or public offering thereof. In connection therewith, Purchasers confirms that he or she is an “accredited investor” within the meaning of Rule 501(a) under Regulation D. The Purchaser further confirms that he or she is neither a U.S Person, as such term is defined in Rule 902(k) of Regulation S, nor located within the United States..

4.4.

 Purchaser has not been contacted concerning the acquired Purchased Stock or the matters set forth in this Agreement by means of any advertisement or other general solicitation.  

4.5.

Each Purchasers understands that (i) the Purchased Stock have not been registered under either the Securities Act of 1933, as amended (the “Securities Act”) or the securities laws of any state by reason of specific exemptions there from and that such securities may be resold in the United States without registration under the Securities Act only in certain limited circumstances. Each Purchaser acknowledges that the Purchased Stock will bear the restrictive legend as follows:

THE SECURITIES REPRESENTED HEREBY HAVE NOT BEEN REGISTERED UNDER THE UNITED STATES SECURITIES ACT OF 1933, AS AMENDED (THE "SECURITIES ACT"), OR THE SECURITIES LAWS OF ANY STATE OF THE UNITED STATES. THE HOLDER HEREOF, BY PURCHASING THE SECURITIES, ACKNOWLEDGES THAT SUCH SECURITIES MAY BE OFFERED, SOLD OR OTHERWISE TRANSFERRED ONLY: (A) TO THE COMPANY, (B) OUTSIDE THE UNITED STATES IN AN OFFSHORE TRANSACTION IN COMPLIANCE WITH REGULATION S UNDER THE SECURITIES ACT AND IN COMPLIANCE WITH APPLICABLE LOCAL OR STATE LAWS AND REGULATIONS, (C) INSIDE THE UNITED STATES PURSUANT TO (I) RULE 144A UNDER THE SECURITIES ACT TO A PERSON WHO COMPANY REASONABLY BELIEVES IS A QUALIFIED INSTITUTIONAL BUYER THAT IS PURCHASING FOR ITS OWN ACCOUNT OR FOR THE ACCOUNT OF ONE OR MORE QUALIFIED INSTITUTIONAL BUYERS TO WHOM WRITTEN NOTICE IS GIVEN THAT THE OFFER, SALE OR TRANSFER IS BEING MADE IN RELIANCE ON RULE 144A OR (II) THE EXEMPTION FROM REGISTRATION UNDER THE SECURITIES ACT PROVIDED BY RULE 144 THEREUNDER, IF AVAILABLE, AND ANY APPLICABLE STATE SECURITIES LAWS OR (D) IN A TRANSACTION THAT DOES NOT REQUIRE REGISTRATION UNDER THE SECURITIES ACT OR ANY APPLICABLE UNITED STATES FEDERAL OR STATE SECURITIES LAWS, AFTER PROVIDING AN OPINION OF COUNSEL OF RECOGNIZED STANDING REASONABLY SATISFACTORY TO THE COMPANY TO THAT EFFECT.

4.6. 

Purchaser has access to information relating to Company as Purchaser deems necessary to make an informed investment decision in connection with the Purchased Stock. Each Purchaser acknowledges that he or she is aware of their respective obligations under the Securities Exchange Act of 1934 (the “1934 Act”), including, but not limited to those filing obligations that are triggered as a result of the consummation of the sale of Purchased Stock pursuant to Sections 13 and 16 of the 1934 Act, together with filings required to be made by Company, if applicable.

4.7.

Lock Up Period. Purchaser agrees and confirms that he or she will not sell, transfer or assign any share of the Purchased Stock for a period of One Year (the “Lock Up Period”) from the issuance date of the certificates representing the Purchased Stock. Purchaser acknowledges that Company may issue instruction to transfer agent regarding the Lock Up Period and transfer restrictions set forth herein. 

2

Section 5. Miscellaneous

5.1.

 Entire Agreement; Amendments; and Waivers.  This Agreement constitutes the entire understanding and agreement among the parties hereto relative to the subject matter hereof. Any amendments to the Agreement must be in writing, signed by each party hereto. The failure of any party hereto to enforce at any time any provision of this Agreement shall not be construed to be a waiver of the provision, nor in any way to affect the validity of this Agreement or any part hereof or the right of such party thereafter to enforce each and every such provision. No waiver of any breach of this Agreement shall be held to constitute a wavier of any other or subsequent breach.

5.2.

 Assignment.  This Agreement shall not be assignable by either party without the prior consent of the other party

5.3.

Governing Law; Submission to Jurisdiction.  This Agreement shall be governed by and construed in accordance with the laws of the State of New York. The parties hereto hereby submit to the nonexclusive jurisdiction of the United States District Court for the Southern District of New York for purposes of all legal proceedings arising out of or relating to this Agreement or the transactions contemplated hereby. Each of the parties waives, to the fullest extent permitted by law, any objection which he may now or hereafter have to the laying of the venue of any such proceeding brought in such a court and any claim that any such proceeding brought in such a court has been brought in an inconvenient forum. Each of the parties hereto irrevocably consents to service of process in the manner provided for notices in subparagraph d. below. Nothing in this Agreement will affect the right of any party to this Agreement to serve process in any other manner permitted by law.

5.4.

Successors and Assigns.  The Agreement shall be binding upon and inure to the benefit of the parties hereto and their respective heirs, administrators, successors and assigns.

5.5.

Partial Invalidity.  In case any one or more of the provisions contained in this Agreement shall for any reason be held to be invalid, illegal, or unenforceable in any respect, such invalidity, illegality, or unenforceability shall not affect any other provision hereof, and this Agreement shall be construed as if such invalid, illegal, or unenforceable provision had never been contained herein, unless the deletion of the provision of provisions would result in such a material change as to cause completion of the transactions contemplated herein to be unreasonable.

IN WITNESS WHEREOF, the parties hereto have either individually or by their duly authorized officers executed and delivered these presents in duplicate effective the day and year first above written.

COMPANY:

TK Star Design, Inc, 

Also known as “China Global Media, Inc.”

By: /s/ Guolin Yang    

Guolin Yang, Chief Executive Officer

PURCHASER:

By: /s/ Min Yang    

Min Yang杨敏

3

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