Document:

Tangshan Rongfeng Iron & Steel Co.,
Ltd.

CDQ Power Generation

 

EMC Cooperation Agreement 

 

Item 1 General 

 

Party A: Tangshan Rongfeng Iron & Steel
Co., Ltd.

Party B: Xi’an TCH Energy Technology
Co., Ltd.,

 

Based on the principle of win-win cooperation,
after friendly duly negotiation, both parties agree to cooperate in energy-saving through Energy Management Contract. In compliance
with Contract Law of People’s Republic of China, on the basis of truly and duly consideration, both parties enter into following
agreement.

 

Item 2 Terms and Definitions

The two parties agreed: The relevant terminology
and technical terms involved in this agreement and related accessories are defined and explained as follows:

 

2.1 Project Description:

Party B has an annual production capacity
of 1.4 million tons of coking coal. Party B will invest and build a coke dry quenching (“CDQ”) facility and a waste
heat power plant based upon the coking process of Party A. The power generated is the energy saving benefit, which will be shared
by both parties.

The construction schedule for the phase
II of the CDQ facility and waste heat power plant will be
determined upon the specific situation.

 

2.2 Completion: construction and installation
are completed according to Party B’s design and the system operates properly for consecutive 72 hours.

 

2.3 Force majeure: natural disasters and
other can't be controlled events according to the law.

 

Item 3 Energy Services and Requirements

3.1 Party A appoints Party B for energy
services as follows:

 

3.1.1 Objective: Based on Party A’s
annual production capacity of 1.4 million tons of coke and its energy saving requirement, Party B shall build a CDQ facility and
a waste heat power plant. The power generated is the energy saving benefit, which will be shared by both parties.

The design of CDQ facility, CDQ waster
heat power generation system, technical performance and technical specifications shall be arranged after both parties’ agreement.

 

3.1.2 Content:

1. CDQ body: CDQ auxiliary, hot coke loading
equipment, equipment for recovery of coke powder, cold coke discharging equipment, speed and control system for hoist, speed control
system for fan, electrical control and equipment, PLC control system, and inspection instrumentation.

 

    	 

    	 

    

 

 

 

 

2. Supporting facilities: dust removal
system, auxiliary machine room, main control building, belt conveyor system, and water pump house.

 

3. Power generation facilities: waste heat
boiler, boiler auxiliary, waste gas unit, steam turbine, and power generator.

 

4. Nitrogen manufacturing facilities and
water treatment, exclude special building foundation treatment and dismantlement or transformation of original equipment. Fresh
water and waste water treatment plant will be shared by with Party A. Party A is responsible for connecting the water to the CDQ
area, and waste water will be discharged into the waste water treatment facility built by Party A.

 

3.1.3 Method: Party B is responsible for
the investment, design, construction (include civil construction) and operation. Party A is responsible for providing new water
and electricity during the project construction period as well as the water for the operation. The settlement price for such utilities
will be done according to the internal settlement price of Party A. The energy saving benefits will be shared as agreed by both
parties.

 

3.2 Party B shall provide energy saving
services according to the following requirements:

3.2.1 Locations: plant area of Tangshan
Rong Feng.

 

3.2.2 Term and schedule:

(1) The agreement becomes effective on
the date when the agreement is signed and sealed by the parties;

 

(2) Construction period: 18 months after
the agreement becomes effective and construction conditions are ready. The first and second months are the preparation period to
apply and receive all the permits and get the design and technical confirmation. The third to the fifth months are equipment tendering
and bidding period. The sixth to the eighteenth months are the project construction period.

 

(3) The start date for the energy saving
benefit sharing will be the date when the waste heat power station successfully passes 72 consecutive hour test run.

 

(4) Power generated and related revenue
during commissioning belong to Party B.

 

(5) The energy saving sharing term is 20
years, and at the end of the term, the property will be transferred from Party B to Party A at the price of RMB 1.

 

 

Item 4 Energy Saving Sharing Method

 

4.1 Party B is responsible for the investment,
design, equipment procurement, and construction. The investment is RMB 150 million (subject to the technical proposal).

 

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4.2 During the benefit sharing period,
as for CDQ waste heat power generation, Party A shall pay Party B the energy saving service fee as:

Energy saving service fee = quantity of
power supply x settlement price

 

From the 1st year to the 10th
year (including the 10th year), the settlement price = RMB 0.582/kWh (including TAX)

 

From the 11th year to the 20th
year (including the 20th year), the settlement price = RMB 0.432/kWh (including TAX)

 

If the power price, where Party A is located,
is adjusted, the settlement price will be adjusted same as the local power grid price.

 

4.3 Energy saving service fee is paid in
installments by Party A to Party B, the specific timing and amount of payments are as follows:

 

4.3.1 After the power plant is put into
operation, Party A shall pay Party B once a month. The 25th day of each month is the closing day for the billing circle
of that month. Fees shall be paid before the 5th day of next month. The energy saving service fee is calculated based
on the actual quantity of generated power and the price.

 

4.3.2 Party A will install power generation
measurement instrument independently. Party B shall report the reading of the instrument and Party A shall confirm.

 

4.3.3 Party A shall pay Party B the energy
saving service fee according to power supply data reported by Party B. The payment shall be made as described in 4.3.4. Party B
shall provide invoice for the energy saving service fee.

 

4.3.5 The payment shall be made by Party
A in wire transfers.

 

Item 5 Obligations of Party A

 

In addition to other requirements in the
agreement, Party A shall fulfill the following obligations:

5.1 Within 30 days after the agreement
is signed, 1) Party A and its parent company shall provide Party B with the performance guarantee or commitment; 2) Party A shall
provide approved materials to Party B as required.

 

5.2 Without interfering normal operation,
Party A shall provide temporary offices, canteen, accommodation, and transportation for assigned employees of Party B.

 

5.3 Provide necessary information; and
coordinate Party B to carry out energy saving measurement and verification.

  

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5.4 Coordinate Party B with maintenance,
inspection, and repair of equipment and facilities, and make sure Party B could use equipment and facilities of the project.

 

5.5 Party A shall complete the project
establishment, environmental assessment, and approval application for construction land, national grid connection without transmitting
electricity to the national grip quickly after the agreement is signed. Party B shall provide assistance. Relevant costs shall
be paid in advance by Party A, and will be deducted from subsidies, rewards, or other applicable grants from the government, institutions
or organizations for the project as described in 5.8. If the power plant could not be put into operation because Party A did not
complete the above procedures, the lost or delayed time shall be borne by Party A.

 

5.6 As for waste heat provided by Party
A required by boiler of the waste heat power station according to the normal CDQ process of Party B, the waste heat supply shall
be no less than 8,000 hours annually, and the temperature shall be no lower than 950 Celsius. If the time and number cannot be
reached, the cooperation period shall be prolonged accordingly.

 

5.7 Provide assistance on project execution
and management.

 

5.8 Assist Party B in applying for subsidies,
awards, or other applicable grants from the government or organizations. The grants received shall be shared between two parties
as 50% for each, and relevant costs and expenses shall be borne by both parties.

 

5.9 Party A shall fully participate in
the design, equipment tendering and procurement and give technical advices to Party B regarding the design and equipment utilization.

 

Item 6 Obligations of Party B

 

In addition to other requirements in the
agreement, Party B shall fulfill the following obligations:

6.1 Party B shall mobilize construction
personnel and start construction after the construction plan is approved by Party A. The construction personnel shall abide by
rules and regulations of Party A. Party B is responsible for the safety. The project shall be completed on schedule unless the
delay is caused by Party A or force majeure.

 

6.2 Assist Party A in energy saving measurement
and verification on the 5th day of each month.

 

6.3 Deliver all drawings, construction
plans, training materials, equipment lists to Party A within 30 days before the commencement of construction.

 

6.4 Equipment installation and adjustment
and test shall comply with the design and meet designed power generation and other technical indexes (mainly on handling quantity
of dry coke, coke loss, steam quantity per ton of coke, power generation per ton of coke, power consumption per ton of coke). Power
generated by Party B shall comply with the national standard.

 

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6.5 Party B shall send experts on site
to check the project operation regularly or from time to time based upon the project operation conditions.

 

Item 7 Project acceptance

 

7.1 The following standards and methods
are agreed by the two parties to be used to inspect the functional completion of the construction:

 

7.1.1 Functional completion indicator for
Party B:

CDQ waste
heat power generation: the power station can produce electricity normally;

 

7.1.2 Functional completion acceptance
criteria: refer to design criterion;

 

7.1.3 Acceptance measures for functional
completion: Party B is responsible for the examination and acceptance for the constructional engineering and installation engineering
involved into the project as well as assumes related expenses. Party A is responsible for the specialized and government inspection
and acceptance and assumes related expenses, including environmental protection, fire fighting, industrial hygiene, records, pressure
vessel (boiler detection), electrical equipment, anti-thunder and hoisting equipment.

 

7.1.4 Inspection and acceptance time, date
and personnel: within 15 days after Party B informs Party

A that the power station is qualified for
acceptance, both parties negotiate the place and personnel.

 

7.2 Party A cooperates with Party B to organize
the construction agreementor for project inspection and acceptance. If the equipment works 72 hours continually and the project
is under stable operation, the project passes acceptance inspection. The project acceptance report shall be signed by the supervisors
and technicians of the both parties that participate the acceptance inspection as well as seals on the report by all entities participated
in the acceptance inspection. The acceptance report should indicate the operational instrument data, operation state and instant
effects.

 

7.3 The execution date of the acceptance
report will be regarded as the date when the project is under stable operation state. Since then, the produced electricity will
be considered officially supplying to Party A.

 

Item 8 Ownership

 

During the term of the agreement, Party
B possesses the assets of the project (including equipment and facilities, tangible assets like proposal and drawings, and intangible
assets like technology secrets and operation management, etc.). After the agreement expires, item 3.2.2 (5) will be executed.

 

Item 9 Liability for Breach of Agreements

 

9.1 Party A’s liability for breach of
agreement

 

9.1.1 After the agreement becomes effective
and before the beginning of the benefit sharing date, if Party A didn’t perform its obligation under the agreement due to
its own fault, Party A shall pay Party B’s actual expenses regarding implementing the project including engineering design,
equipment purchase price, installation cost, transportation, etc. and a penalty equivalent to 20% of such total expenses.

 

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9.1.2 If Party A didn’t pay Party B
the energy-saving service fee according to item 4.4.1 of the agreement, Party A shall pay penalty for overdue payment on the daily
basis of each day overdue equivalent to 1‰ of total due service fee.

 

9.1.3 If the project stops operating due to
Party A’s reason, Party A shall undertake the energy-saving service fee during the shutdown (equivalent to 12-month average
power supply volume before shutdown × unit price of the electricity). If the shutdown period is more than 6 months, Party
A shall take responsibility according to item 9.1.1.

 

9.2 Party B’s Responsibility for Breach
of the Agreement

 

9.2.1 After the agreement becomes effective
and before the beginning of the benefit sharing date, if Party B fails to perform its obligation due to its own fault or cannot
fund the project construction under the agreement, Party B shall pay Party A’s actual expenses regarding implementing the
project including project construction and preparation fee, etc. as well as a penalty equivalent to 20% of such total expenses.

 

9.2.2 Party B shall be responsible for the
technical proposal and designing scheme.

 

9.3 If any party breaches the agreement, the
other party shall take appropriate remedial measures according to the written notice from the breaching party to prevent the increase
of losses. Otherwise, the enlarged loss or reasonable expense for the remedial measures cannot be reimbursed.

 

9.4 Remediation for the breach of the agreement

 

9.4.1 Remedies for Party A’s breach
of the agreement: if Party A breaches the agreement, Party B has the right to terminate the agreement or seek judicial arbitration
directly to recollect its due payment or losses. Party B has the right to request Party A paying its incurred expenses. In addition,
Party B has the right to dismantle the equipment on Party A’s production site if Party B makes advance written notice to
Party A.

 

9.4.2 Remedies for Party B’s breach
of the agreement: if Party B breaches the agreement, Party A has the right to terminate the agreement or seek judicial arbitration
directly to recollect its losses. Party A has the right to require Party B undertaking Party A’s all related expenses.

 

Item 10 Projects Risks and Responsibility

 

10.1 The improvement of the project shall
comply with following condition and responsibilities:

 

10.1.1 The improvement of equipment. During
the term of the agreement, Party B has the right to improve the equipment or modify the operational program to enhance economic
returns with Party A’s written consent.

 

10.2 The change of the project shall comply
with following conditions and responsibilities:

if any party thinks it necessary to make any
change to the equipment, the party shall get the other party’s written approval before it makes changes.

 

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10.3 The removal of the project shall comply
with following conditions and responsibilities:

 

Without party B’s written consent, Party
A cannot remove the equipment or make any substantial change to the equipment. Otherwise, Party B has the right to terminate the
agreement immediately. Party A shall pay all compensation according to the item 9.1.1 and 9.1.2 of the agreement.

 

10.4 Large-scale reconstruction of the project
should comply with following conditions and responsibilities:

 

10.4.1 Without Party B’s written consent,
Party A cannot reconstruct the project on a large scale. During the term of the agreement, if both parties agree to reconstruct
the project to improve the energy-saving efficiency, the two parties should make written agreement first and revise the related
items of this agreement before reconstruct the project.

 

10.5 Turn off or close the project shall comply
with following conditions and responsibilities:

 

10.5.1 Party A shall inform Party B and obtain
Party B’s written consent before turn off or shut down any equipment under this agreement at least 7 days in advance. In
an emergency situation, Party A shall report Party B as soon as possible.

 

10.6 The utilization and change of equipment
and facilities owned by Party A shall comply with following conditions and responsibilities:

 

10.6.1 Party A should ensure its equipment
related to this agreement can operate normally. If there is any malfunction of such equipments affect the normal operation of the
project and results in the energy-saving amount decrease, the fee charging period will be postponed according to the item 4.3 of
the agreement.

 

10.6.2 If Party A intends to modify its equipment
or production plan which may affect the energy-saving amount of the project, Party A shall make written notice to Party B at least
7 days in advance. If the energy-saving amount declined, Party A should assume the economic loss of Party B.

 

10.7 If Party B has any losses caused by Party
A’s production safety accidents, Party A would take full responsibility; If Party A has any losses caused by Party B’s
production safety accidents, Party B would take full responsibilities.

 

10.8 Other risks and responsibilities of the
project are as follows:

Neither party would take any responsibility
for the risks caused by unforeseen objective reason. The two parties shall negotiate and agree the responsibilities of the wrongdoers
accordingly first, then such party shall assume the liabilities.

 

10.9 Special arrangements for the risk control
are as follows:

In order to prevent investment risk and ensure
Party B’s expected earnings, the risk control arrangements are as follows:

 

10.9.1 If Party A breaches the agreement and
cannot provide Party B with related enterprise information and normal production data or necessary basis material such as feasibility
research report, environmental appraisal report, safety appraisal report of the waste heat power generation project, or cannot
deliver site to Party B before scheduled date, Party B can postpone its performance term accordingly.

 

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10.9.2 Party A shall guarantee its production
operates normally. Total heat supply time in the first ten years is no less than 80,000 hours. Otherwise, the second phrase will
be postponed until the heat supply time reaches 80,000 hours. If Party A makes large-scale reconstruction to its equipment which
affects Party B’s due benefits under the agreement, Party A need to inform Party B to negotiate to handle the related issue.

 

Item 11 Modification, cancellation and
termination of the agreement

			

 

11.1 If any party wants to amend, supplement
this agreement, it shall be discussed and agreed by both parties and sign a supplement agreement. The supplement agreement shall
have the same legal affect to this agreement.

 

 

11.2 During performance of the agreement,
if Party A intends to terminate the agreement early, it shall send written notice 60 days in advance to the Party B. The termination
fees and compensation shall be paid to Party B in the following manner:

 

11.2.1 If it is less
than 5 years (including 5 years) into the term when Party A requests to terminate the agreement;

Termination
fees and compensation= total amount of investment by Party B + average annual investment return * (5- number of years has been
in operation)

 

11.2.2 If it is more
than 5 years (excluding 5 years) into the operation when Party A requests to terminate the agreement;

Termination
fees and compensation= total amount of investment by Party B – total amount of amortization (the amortization period is 10
year).

 

11.3 It anything happens to Party A or
Party B that could affect its ability to continue its business operation, including but not limited to bankruptcy, closure, merger,
transfer, separation, each party shall inform the each other within 5 working days and provide relevant certified document. If
the agreement cannot be performed due to such situation, Party A or B has right to ask other party for compensation for losses.

 

11.4 Under conditions of mutual agreement,
both parties can terminate or cancel the agreement. The parties agree that after written notice of termination reaches to the other
party, the validity period for such party to confirm the termination of the agreement is 30 days.

 

11.5 During the term of the agreement,
if Party A is closed, discontinued or ceased to survive, conversion or merger or division with other entities, this agreement is
still valid to Party A or its successor. Party A shall inform relevant party under such circumstance and include such condition
into the new entity. If relevant party do not accept the condition, Party A shall purchase this project according to item 11.2
before the event. If the agreement is terminated due to bankruptcy of Party A, Party B shall have the first priority to be compensated
during the bankruptcy procedure.

 

11.6 During the performance of the agreement,
Party B has right to delegate its subsidiaries or affiliates to undertake the investment, design, construction and operation of
the agreement. The agreement can be also directly transferred to Party B’s subsidiary or affiliate as the main entity for
the performance of this agreement.

 

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Item 12 Transfer of Rights and Obligations

 

		12.1.	If Party A transfers it coking ovens, it shall guarantee that the transferee will undertake the
rights and obligations under the agreement. If the transferee did not sign a new agreement with Party B according to the original
agreement, Party B has rights to claim compensation.

 

		12.2.	Before transferring obligations under the agreement, Party A shall get approval from Party B in
writing. Without approval from Party B, any transfer or transfer of obligations from Party A are invalid.

 

		12.3.	Before transferring rights under the agreement, Party B shall notify Party A in writing.

 

		12.4.	Before transferring obligations under the agreement, Party B shall get approval from Party A in
writing. Without approval from Party A, any transfer or transfer of obligations from Party B are invalid.

 

Item 13 Tort and indemnification

 

		13.1.	For any property loss or personal injury of Party A caused by intention or negligence of Party
B or any persons employed by Party B, Party B shall compensate the 100% of the losses caused.

 

		13.2.	For any property loss or personal injury of Party B caused by intention or negligence of Party
A or any persons employed by Party A, Party A shall compensate the 100% of the losses caused.

 

		13.3.	The party suffered damage or loss shall also assume corresponding responsibility according to the
degree of its own fault if such party has mistakes during the process as well and the other party's responsibilities shall be reduced
accordingly.

 

Item 14 Confidentiality

 

Both parties agree to fulfill the following
obligations of confidentiality.

 

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		14.1.	Party A

		14.1.1.	Confidentiality contents: Project cooperation method and price

		14.1.2.	Personnel: All personnel related to the project

		14.1.3.	Duration: 10 years

		14.1.4.	Responsibilities in case of leakage: refer to confidential information item

		14.2.	Party B

		14.2.1.	Confidentiality contents: Project cooperation method and price

		14.2.2.	Personnel: All personnel related to the project

		14.2.3.	Duration: 10 years

		14.2.4.	Responsibilities in case of leakage: refer to confidential information item

 

Item 15 Force Majeure

 

		15.1.	When one party cannot execute the agreement due to force majeure, the party shall notify the other
party immediately. Once the party provides the valid proof, it may postpone, partial execute, or suspend the performance of the
agreement or termination of the agreement.

 

		15.2.	If the agreement cannot be executed or the execution is postponed due to force majeure, both parties
shall be exempt from liabilities for breach of agreement or liabilities to compensate for the damages.

 

Item 16 Settlement of Disputes

 

		16.1.	Any disputes arose from the execution, interpretation, breach of agreement, or termination of the
agreement shall be settled through amicable negotiations between both parties.

 

		16.2.	If the negotiations fail, both parties agree to use the following methods to settle the disputes.

		(1)	Submit arbitration to the arbitration commission in plaintiff location.

		(2)	File lawsuit to the local people’s court where Party B is located.

 

Item 17 Insurance

 

		17.	Both parties agree to purchase the insurance
according to the followings,

 

		17.1.	Party B shall be responsible for project related liability insurance, life insurance and property
insurance and assume the insurance fees before its equipment are shipped to Party A’s production or installation site. The
insurance coverage shall be no less than the actual value of the insured properties.

 

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		17.2.	Party B shall be responsible for the insurance coverage and insurance fees for the equipment from
the date when it shipped to Party A’s installation site to the date of termination of this agreement. The amount of property
insurance shall be no less than the actual value of the insured properties. The types and amounts for life insurance and liability
insurance shall be handled in accordance with the actual needs, common practices and legal requirements.

 

		17.3.	The beneficiary of insurance stated in this item shall be Party B.

 

		17.4.	Both parties shall negotiate to avoid repeated insurance purchase.

 

Item 18 Intellectual Property Rights

 

18.1 With respect to patent use rights
and technical secret license, both parties agreed: parties shall conduct patent license procedures according to law; For technical
secrets obtained by Party B during performance of this agreement, they belong to Party B; for technical secrets obtained by Party
A during construction and operation processes, they belongs to Party A.

 

Item 19 Appendixes

 

		19.1.	For the technical documents related to the performance of this agreement, upon the execution by
the parties, constitute an integral part of this agreement:

19.1.1 Project description,
item description: see appendixes;

19.1.2 List of equipment
and materials: provided by Party B;

19.1.3 Technical solutions
and technology agreements of this project.

 

		19.2.	Energy price agreement:

19.2.1 Separate
electricity meter for the project shall be set up and the energy saving service fee shall be calculated according to the meter.

		19.2.2	Price fluctuation: If electricity price of the local grid provide to Party A is changed by local
government, the price of power Party B sells to Party A shall have the same adjustment.

		19.3.	Energy savings measurement and verification plan: the measurement device of the power generation
project shall be invested and installed by Party B. Party B is responsible for the daily management and maintenance and relevant
cost.

 

Item 20 Effectiveness of Agreement and
Miscellaneous

 

			

		20.1.	After the signature of the agreement, each party shall appoint a contact person to be responsible
for coordinating the project progress. If any party changes the contact person for the project, the party shall notify the other
party in written notice within 5 days. If the party fails to timely notify the other party which impacts the performance of this
agreement or causes any losses, such party shall assume the responsibilities.

		20.2.	When sending notices via email, text, telephone or faxes, if such notice is involving any party's
rights or obligations, such notice shall also be sent via express mail to the other party. The addresses listed in this agreement
are the postal addresses for the parties.

 

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		20.3.	If the content of any appendixes differs from the content of this master agreement, this agreement
prevails.

		20.4.	After the agreement is signed, Party B shall start to collect technology data, design and survey
work within 30 working days, and provide technical solution within 60 working days to be confirmed by party A. The final agreement
shall be subject to technical data confirmed by both parties; the current data are for reference only.

		20.5.	The agreement is made in quadruplicate. Each party holds two copies which have the same legal effect.

		20.6.	As for matters not mentioned herein, both parties shall solve the matters through amicable negotiations
and reach an amendment or appendix.

 

 

 

Party A: Tangshan Rongfeng Iron & Steel
Co., Ltd. (Seal)

Representative Signature:

 

Party B: Xi’an TCH Energy Technology
Co., Ltd.(Seal)

Representative Signature:

 

Date:

 

    	11FIRST AMENDMENT AGREEMENT TO SECURITIES
PURCHASE AGREEMENT

 AND OID CONVERTIBLE NOTE

 

This First Amendment
to the Securities Purchase Agreement and to the OID Convertible Note (this “Amendment”) is dated as of
December 16, 2013 and is entered into by and between Adaptive Medias, Inc., formerly known as Mimvi, Inc., a corporation organized
under the laws of the State of Nevada (the “Company”) and Gemini Master Fund, Ltd., (the “Holder”).

 

W I T N E S S E T H:

 

WHEREAS,
the Holder is the holder of: (i) an OID Convertible Note (the “Note”), issued by the Company to the
Holder on May 12, 2013 in the original principal amount of $425,000 and (ii) a Warrant issued on May 12, 2013 to purchase shares
of common stock through a cash or cashless exercise pursuant to the terms therein (the “Warrant”);

 

WHEREAS, the
Holder and the Company acknowledge and agree that, as of the date hereof, the Company is not and has never been in default under
the Note or any agreement or document contemplated thereby or issued in connection therewith;

 

WHEREAS, the
Company and the Holder have agreed to amend certain terms of the Note; and

 

WHEREAS, it
is the intention and desire of the Holder and the Company that the Note be deemed automatically amended to the extent necessary
to comply with the terms of this Amendment, and in the event of any conflict between the terms of the Note and this Amendment,
this Amendment shall govern.

 

NOW, THEREFORE,
in consideration of the premises and the mutual covenants contained herein, and for other good and valuable consideration, the
receipt and sufficiency of which are hereby acknowledged, the parties hereto hereby agree as follows:

 

1. Cash
Payment; Application of Proceeds; Outstanding Principal Amount; Conversion.

 

The Company will make a cash
payment to the Holder in the amount of $100,000. This $100,000 payment will not be subject to the 15% prepayment premium as detailed
in Section 6(a) of the Note and as such the proceeds shall be applied as follows:

 

a. $34,000
to accrued and unpaid interest; and

b. $66,000
to principal.

 

In addition, The Holder shall
convert $59,000 of the unpaid principal amount into 786,666 shares of the Company’s common stock at a conversion rate of
$0.075 per share.

 

The Holder and the Company acknowledge
and agree that, upon consummation of the actions and transactions contemplated by this Section 1, the total outstanding principal
balance under the Note shall be $300,000.

 

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2. Extension
of Maturity Date.

 

The Maturity Date, as such term
is defined in the Note, is hereby extended from December 31, 2013 until May 31, 2014.

 

3. Conversion Price.

 

The Conversion Price, as such
term is defined in the Note, is hereby changed to equal $0.075. Such Conversion Price shall still be subject to adjustment as originally
provided for in the Note.

 

4. Interest.

  

Interest shall accrue on the outstanding principal
amount from the date hereof at an annual rate of 8%.

 

5. No Other Amendment.

 

Except as expressly and specifically
amended hereby, all other terms, conditions and provisions of the Convertible Note and the Agreement shall remain unchanged and
shall continue in full force and effect.

 

6. Closing
Conditions.

 

Within five (5) business days
from the date of this Agreement the Company will deliver to the Holder the cash payment of $100,000 and 786,666 shares of common
stock via DWAC.

 

7. Rule
144; Holding Period.

 

Pursuant to Rule 144 promulgated
under the Securities Act of 1933, as amended (“Securities Act”), the holding period of the shares of common
stock issued hereunder tack back to May 12, 2013 (the original issue date of the Note and Warrant). The Company agrees not to take
a position contrary to this paragraph. The Company is not currently, and has never been, an issuer of the type described in Rule
144(i) under the Securities Act.

 

 

 

[Signature Page Follows.]

 

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IN WITNESS WHEREOF, this Agreement is executed
as of the date first set forth above.

 

 

COMPANY:

Adaptive Medias, Inc. (formerly Mimvi, Inc.)

 

	By:	/s/ Qayed Shareef	 
	Name:  	Qayed Shareef	 
	Title:	Chief Executive Officer	 

 

 

HOLDER:

GEMINI MASTER FUND, LTD.

By: GEMINI STRATEGIES LLC, Inc. as investment manager

 

 

	 	By:	/s/ Steven Winters	 
	 	Name:  	Steven Winters	 
	 	Title:   	President	 

 

    	3

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