Document:

The
      securities represented by this Warrant and issuable upon exercise hereof have
      not been registered under the Securities Act of 1933, as amended (the "Act"),
      or
      under the provisions of any applicable state securities laws, but have been
      acquired by the registered holder hereof for purposes of investment and in
      reliance on statutory exemptions under the Act, and under any applicable state
      securities laws. These securities and the securities issued upon exercise hereof
      may not be sold, pledged, transferred or assigned, nor may this Warrant be
      exercised, except in a transaction which is exempt under the provisions of
      the
      Act and any applicable state securities laws or pursuant to an effective
      registration statement.

     

    COMMON
      STOCK PURCHASE WARRANT

     

    
      	Date of Issuance: _________ __, 2008
              	
              Certificate
                No.
                W-__

            

    

     

    For
      value
      received, Legend Media, Inc., a Nevada corporation (the "Company"),
      hereby grants to Maoming China Fund, a limited partnership, or its permitted
      transferees and assigns ("Warrantholder"),
      the
      right to purchase from the Company a total of ________ shares of the Company's
      common stock, par value $0.001 per share ("Common
      Stock"),
      at a
      price per share of equal to $2.50 (the "Initial
      Exercise Price").
      The
      exercise price and number of Warrant Shares (and the amount and kind of other
      securities) for which this Warrant is exercisable shall be subject to adjustment
      as provided in Section 2 hereof. This Warrant is being issued in connection
      with
      the Securities Purchase Agreement between Warrantholder and the Company’s dated
      as of March 31, 2008 (the "Purchase
      Agreement").
      Certain capitalized terms used herein are defined in Section 4 hereof.

     

    This
      Warrant is subject to the following provisions: 

     

    SECTION
      1. Exercise
      of Warrant.
      

     

    (a) Terms
      of Warrants; Exercise Period.
      Subject
      to the terms of this Agreement, the Registered Holder shall have the right,
      commencing on the date hereof and expiring on the three (3) year anniversary
      hereof (the "Expiration
      Date"),
      to
      exercise this Warrant, in whole or in part, and receive from the Company the
      number of Warrant Shares which the Registered Holder may at the time be entitled
      to receive on either: (1) exercise of this Warrant and payment of the Aggregate
      Exercise Price then in effect for the Warrant Shares (“Cash
      Exercise”),
      or
      (2) exercise of this Warrant by Cashless Exercise, as defined in Section 1(b).
      To the extent not exercised prior to the Expiration Date, this Warrant shall
      become void and all rights thereunder and all rights in respect thereof under
      this Agreement shall cease as of such time.

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

     

    (b) Cashless
      Exercise.
      In lieu
      of exercising the Warrant by Cash Exercise, at any time after the first
      anniversary of this Warrant if the Warrant Shares have not been registered
      with
      the Securities and Exchange Commission, the Registered Holder may satisfy its
      obligation to pay the Aggregate Exercise Price for the Warrant Shares through
      a
“cashless exercise,” in which event the Company shall issue to the Registered
      Holder the number of Warrant Shares determined as follows:

     

    
      	 	
              X
                =
                Y [(A-B)/A]

            
	
              where:

            	 
	 	
              X
                =
                the number of Warrant Shares to be issued to the
                Holder.

            
	 	 
	 	
              Y
                =
                the number of Warrant Shares with respect to which this Warrant is
                being
                exercised.

            
	 	 
	 	
              A
                =
                the arithmetic average of the Last Sale Price of the Common Stock
                for the
                five Trading Days immediately prior to (but not including) the Exercise
                Time.

            
	 	 
	 	
              B
                =
                the Exercise Price.

            

    

     

    (c) Exercise
      Procedure.

     

    (i) This
      Warrant shall be deemed to have been exer-cised on the date specified in a
      written notice from the Registered Holder to the Company (the "Exercise
      Time")
      and
      within three Business Days following the Exercise Time, the Registered Holder
      shall deliver the following to the Company: 

     

    (A) a
      completed Exercise Notice, as described in Section 1(d) below, in which
      Registered Holder shall provide all information requested therein including
      whether the warrant is being exercised by Cash Exercise or Cashless
      Exercise;

     

    (B) this
      Warrant;

     

    (C) if
      this
      Warrant is not registered in the name of the Registered Holder, an Assignment
      or
      Assignments in the form set forth in Exhibit
      II
      hereto
      evidencing the assignment of this Warrant to the Registered Holder, in which
      case the Registered Holder shall have complied with the provisions set forth
      in
      Section 6 hereof; and

     

    (D) if
      the
      Warrant is being exercised by Cash Exercise, a check payable to the Company
      in
      an amount equal to the product of the Exercise Price (as such term is de-fined
      in Section 2) multiplied by the number of Warrant Shares being purchased upon
      such exercise (the "Aggregate
      Exercise Price").

     

    
      
        
        

      

      
        2

        
          

        

      

      
        
        

      

    

     

    (ii) Certificates
      for Warrant Shares purchased upon exercise of this Warrant shall be delivered
      by
      the Company to the Registered Holder within five Business Days after the date
      of
      the Exercise Time. Unless this Warrant has expired or all of the purchase rights
      represented hereby have been exercised, the Company shall prepare a new Warrant,
      substantially identical hereto, representing the rights formerly represented
      by
      this Warrant that have not expired or been exercised and shall, within such
      five
      day period, deliver such new Warrant to the Person designated for delivery
      in
      the Exercise Notice. 

     

    (iii) The
      Warrant Shares issuable upon the exercise of this Warrant shall be deemed to
      have been issued to the Registered Holder at the Exercise Time, and the
      Registered Holder shall be deemed for all purposes to have become the record
      holder of such Warrant Shares at the Exercise Time. 

     

    (iv) The
      Company shall not close its books against the transfer of this Warrant or of
      any
      Warrant Shares issued or issuable upon the exercise of this Warrant in any
      manner which interferes with the timely exercise of this Warrant. 

     

    (v) The
      Company shall assist and cooperate with the Registered Holder or any Registered
      Holder required to make any governmental filings or obtain any governmental
      approvals prior to or in connection with any exercise of this
      Warrant.

     

    (vi) The
      Company shall at all times reserve and keep available out of its authorized
      but
      unissued capital stock, solely for the purpose of issuance upon the exercise
      of
      this Warrant, the maximum number of Warrant Shares issuable upon the exercise
      of
      this Warrant. All Warrant Shares which are so issuable shall, when issued and
      upon the payment of the Exercise Price therefor, be duly and validly issued,
      fully paid and nonassessable and free from all taxes, liens and charges. The
      Company shall take all such ac-tions as may be necessary to assure that all
      such
      Warrant Shares may be so issued without violation by the Company of any
      applica-ble law or governmen-tal regulation or any requirements of any domestic
      securities exchange upon which securities of the Company may be listed (except
      for official notice of issuance which shall be immediately deliv-ered by the
      Company upon each such issuance). 

     

    (d) Exercise
      Notice.
      Upon
      any exercise of this Warrant, the Registered Holder shall deliver an Exercise
      Notice in the form set forth in Exhibit I
      hereto,
      except that if the Warrant Shares are not to be issued in the name of the Person
      in whose name this Warrant is registered, the Exercise Notice shall also state
      the name of the Person to whom the certificates for the Warrant Shares are
      to be
      issued, and if the number of Warrant Shares to be issued does not include all
      the Warrant Shares purchasable or which can be acquired by Cashless Exercise
      here-under, it shall also state the name of the Person to whom a new Warrant
      for
      the unexer-cised portion of the rights hereunder is to be issued. Such Exercise
      Notice shall be dated the actual date of execution thereof. 

     

    SECTION
      2. Adjustment
      of Exercise Price and Number of Shares.
      In
      order to prevent dilution of the rights granted under this Warrant, the Initial
      Exercise Price shall be subject to adjustment from time to time as provided
      in
      this Section 2 (such price or such price as last adjusted pursuant to the
      terms hereof, as the case may be, is herein called the "Exercise
      Price"),
      and
      the number of Warrant Shares obtainable upon exercise of this Warrant shall
      be
      subject to adjustment from time to time as provided in this Section 2.

     

    
      
        
        

      

      
        3

        
          

        

      

      
        
        

      

    

     

    (a) Reorganization,
      Reclassification, Consolida-tion, Merger or Sale.
      In case
      of any reclassification, capital reorganization, consolidation, merger, sale
      of
      all or substan-tially all of the Company's assets to another Person or any
      other
      change in the Common Stock of the Company, other than as a result of a
      subdivision, combination, or stock dividend provided for in Section 2(b)
      below (any of which, a "Change
      Event"),
      then,
      as a condition of such Change Event, lawful provision shall be made, and duly
      executed documents evidencing the same from the Company or its successor shall
      be delivered to the Registered Holder, so that the Registered Holder shall
      have
      the right at any time prior to the expiration of this Warrant to purchase,
      at a
      total price equal to that payable upon the exercise of this Warrant (subject
      to
      adjustment of the Exercise Price as provided in Section 2), the kind and amount
      of shares of stock and other securities and property receivable in connection
      with such Change Event by a holder of the same number of shares of Common Stock
      as were purchasable by the Registered Holder immediately prior to such Change
      Event. In any such case appropriate provisions shall be made with respect to
      the
      rights and interest of the Registered Holder so that the provisions hereof
      shall
      thereafter be applicable with respect to any shares of stock or other securities
      and property deliverable upon exercise hereof, and appropriate adjustments
      shall
      be made to the purchase price per share payable hereunder, provided the
      aggregate purchase price shall remain the same.

     

    (b) Subdivisions,
      Combinations and Other Issuances.
      If the
      Company shall at any time prior to the expiration of this Warrant (i) subdivide
      its Common Stock, by split-up or otherwise, or combine its Common Stock, or
      (ii)
      issue additional shares of its Common Stock or other equity securities as a
      dividend with respect to any shares of its Common Stock, the number of shares
      of
      Common Stock issuable on the exercise of this Warrant shall forthwith be
      proportionately increased in the case of a subdivision or stock, or
      proportionately decreased in the case of a combination. Appropriate adjustments
      shall also be made to the purchase price payable per share, but the aggregate
      purchase price payable for the total number of Warrant Shares purchasable under
      this Warrant (as adjusted) shall remain the same. Any adjustment under this
      Section 2(b) shall become effective at the close of business on the date
      the subdivision or combination becomes effective, or as of the record date
      of
      such dividend, or in the event that no record date is fixed, upon the making
      of
      such dividend.

     

    (c) Issuance
      of New Warrant.
      Upon
      the occurrence of any of the events listed in this Section 2 that results in
      an
      adjustment of the type, number or exercise price of the securities underlying
      this Warrant, the Registered Holder shall have the right to receive a new
      warrant reflecting such adjustment upon the Registered Holder tendering this
      Warrant in exchange. The new warrant shall otherwise have terms identical to
      this Warrant.

     

    
      
        
        

      

      
        4

        
          

        

      

      
        
        

      

    

     

    (d) Notices.
      

     

    (i) The
      Company shall give written notice to the Regis-tered Holder of this Warrant
      at
      least 10 days prior to the date on which the Company closes its books or takes
      a
      record for determining rights to vote with respect to any event described
      in this Section 2 or any dissolu-tion or liquidation so long as Registered
      Holder agrees to execute a confidentiality agreement if such information has
      not
      been disclosed to Company’s shareholders. 

     

    (ii) The
      Company shall also give written notice to the Registered Holder of this Warrant
      at least 10 days prior to the date on which any event described in this Section
      2 or any dissolution or liquidation shall take place so long as Registered
      Holder agrees to execute a confidentiality agreement if such information has
      not
      been disclosed to Company’s shareholders. 

     

    SECTION
      3. Registration
      Rights.
      The
      Warrantholder shall be entitled to the registration rights set forth in the
      Purchase Agreement.

     

    SECTION
      4. Definitions.
      The
      following terms have the meanings set forth below: 

     

    “Act”
means
      the Securities Act of 1933, as amended.

     

    “Business
      Day”
means
      any day except Saturday, Sunday and any day which shall be a federal legal
      holiday or a day on which banking institutions in the State of California are
      authorized or required by law or other governmental action to close

     

    “Exchange
      Act”
means
      the Securities Exchange Act of 1934, as amended.

     

    “Last
      Sale Price”
means
      (i) if the Common Stock is listed on a national securities exchange, the NASDAQ
      Global Select Market, the NASDAQ Global Market, or the NASDAQ Capital Market,
      the last trading price per share of the Common Stock for such date, (ii) if
      the
      Common Stock is quoted on the NASD OTC Bulletin Board (or successor such as
      the
      Bulletin Board Exchange), the closing bid price of the Common Stock on such
      date, (iii) if the Common Stock is traded in the residual over-the-counter
      market, the closing bid price for the Common Stock for such date as reported
      by
      the Pink Sheets, LLC or similar publisher of such quotations, and (iv) if the
      fair market value of the Common Stock cannot be determined pursuant to clause
      (i), (ii) or (iii) above, such price as the Board of Directors of the Company
      shall determine, in good faith.

     

    "Person"
      means
      an individual, a limited liability company, a partnership, a joint venture,
      a
      corporation, a trust, an unincorporated organization and a government or any
      department or agency thereof. 

     

    "Registered
      Holders"
      means,
      collectively, any other holder of a Warrant or Warrant Shares, if any, reflected
      as such on the books of the Company.

     

    
      
        
        

      

      
        5

        
          

        

      

      
        
        

      

    

     

    “Trading
      Day”
means
      (i) a day on which the Common Stock is traded on a Trading Market (other than
      the OTC Bulletin Board), or (ii) if the Common Stock is not listed on a Trading
      Market (other than the OTC Bulletin Board), a day on which the Common Stock
      is
      traded in the over-the-counter market, as reported by the OTC Bulletin Board,
      or
      (iii) if the Common Stock is not quoted on any Trading Market, a day on which
      the Common Stock is quoted in the over-the-counter market as reported by the
      Pink Sheets LLC (or any similar organization or agency succeeding to its
      functions of reporting prices); provided, that in the event that the Common
      Stock is not listed or quoted as set forth in (i), (ii) and (iii) hereof, then
      Trading Day shall mean a Business Day.

     

    "Trading
      Market"
      means
      whichever of the New York Stock Exchange, the American Stock Exchange, the
      NASDAQ Global Select Market, the NASDAQ Global Market, the NASDAQ Capital Market
      or OTC Bulletin Board on which the Common Stock is listed or quoted for trading
      on the date in question.

     

    "Warrant"
      means
      the right to purchase one or more Warrant Shares pursuant to the terms of this
      Warrant, as the same may be transferred, divided or exchanged pursuant to the
      terms hereof.

     

    "Warrant
      Shares"
      means
      shares of the Common Stock issuable upon exercise of the Warrant; provided,
      however, that if there is a change such that the securities issuable upon
      exercise of the Warrant are issued by an entity other than the Company or there
      is a change in the class of securities so issuable, then the term "Warrant
      Shares" shall mean shares of the security issuable upon exercise of the Warrant
      if such security is issuable in shares, or shall mean the equivalent units
      in
      which such security is issuable if such security is not issuable in
      shares.

     

    SECTION
      5. No
      Voting Rights; Limitations of Liability.
      This
      Warrant shall not entitle the holder hereof to any voting rights or other rights
      as a stockholder of the Company. No provision hereof, in the absence of
      affirmative action by the Registered Holder to purchase Warrant Shares, and
      no
      enumeration herein of the rights or privileges of the Registered Holder shall
      give rise to any liability of such holder for the Exercise Price of Warrant
      Shares acquirable by exercise hereof or as a stockholder of the Company.

     

    SECTION
      6. Warrant
      Transferable.
      Subject
      to compliance with applicable securities laws and the terms of this Section
      6,
      this Warrant and all rights hereunder are transferable, in whole or in part,
      without charge to the Registered Holder upon surrender of this Warrant with
      a
      properly executed Assignment (in the form of Exhibit II
      hereto)
      at the principal office of the Company.

     

    SECTION
      7. Warrant
      Exchangeable for Different Denominations.
      This
      Warrant is exchangeable, upon the surrender hereof by the Registered Holder
      at
      the principal office of the Company, for new Warrants of like tenor representing
      in the aggregate the purchase rights hereunder, and each of such new Warrants
      shall represent such portion of such rights as is designated by the Registered
      Holder at the time of such surrender. The effective date that the Company
      initially issues this Warrant shall be deemed to be the "Date of Issuance"
      hereof regardless of the number of times new certificates representing the
      unexpired and unexercised rights formerly represented by this Warrant shall
      be
      issued. All Warrants representing portions of the rights hereunder are referred
      to herein as the "Warrants." 

     

    
      
        
        

      

      
        6

        
          

        

      

      
        
        

      

    

     

    SECTION
      8. Replacement.
      Upon
      receipt of evidence reasonably satisfactory to the Company of the ownership
      and
      the loss, theft, destruction or mutilation of any certificate evidencing this
      Warrant, and in the case of any such loss, theft or destruction, upon receipt
      of
      indemnity reasonably satisfactory to the Company, or, in the case of any such
      mutilation upon surrender of such certificate, the Company shall (at the expense
      of the Registered Holder) execute and deliver in lieu of such certificate a
      new
      certificate of like kind representing the same rights represented by such lost,
      stolen, destroyed or mutilated certificate and dated the date of such lost,
      stolen, destroyed or mutilated certificate. 

     

    SECTION
      9. Notices.
      All
      notices, requests, deliveries, consents and other communications provided for
      herein shall be in writing and shall be effective upon delivery in person,
      faxed, or mailed by overnight courier service or certified or registered mail,
      return receipt requested, postage pre-paid, addressed as follows:

     

    if
      to
      the Company, to:

    

    Legend
      Media, Inc.

    C/O
      Jeffrey Dash, CEO

    11F,
      Tower A, Building No. 1 GT International Center

    Jia3
      Yongandongli, Jianguomenwai Avenue

    Chaoyang
      District, Beijing, China 100022

    Tel: 
      +86 10 5879 4890

    Fax:
      +86
      10 5879 4228

     

    if
      to
      the Warrantholder, to:

    Maoming
      China Fund

    Clifton
      House

    75
      Fort
      Street

    PO
      Box
      1350GT

    Grand
      Cayman

    Cayman
      Islands

    Attention:
      Julien Moulin

    Tel:
      (___) ____________

    Fax:
      (___)
      ____________

     

    
      
        
        

      

      
        7

        
          

        

      

      
        
        

      

    

    

    or,
      in
      any case, at such other address or addresses as shall have been furnished in
      writing to the Company (in the case of a Registered Holder of Warrants) or
      to
      the Registered Holders of Warrants (in the case of the Company) in accordance
      with the provisions of this paragraph.

     

    SECTION
      10. Amendment
      and Waiver.
      Except
      as otherwise provided herein, the provisions of the Warrants may be amended
      and
      the Company may take any action herein prohibited, or omit to perform any act
      herein required to be performed by it, only if the Company has obtained the
      written consent of the Registered Holders of Warrants representing a majority
      of
      the Warrant Shares obtainable upon exercise of the then-outstanding Warrants;
      provided, however, that no such action may change the Exercise Price of the
      Warrants or the number of shares or class of capital stock obtainable upon
      exercise of each Warrant without the written consent of all Registered
      Holders.

     

    SECTION
      11. 
      Descriptive Headings; Governing Law. 

     

    (a) The
      descriptive headings of the several Sections of this Warrant are inserted for
      convenience only and do not constitute a part of this Warrant. 

     

    (b) All
      issues and questions concerning the construction, validity, enforcement and
      interpretation of this Agreement shall be governed by, and construed in
      accordance with, the laws of the State of California, without giving effect
      to
      any choice of law or conflict of law rules or provisions (whether of the State
      of California or any other jurisdiction) that would cause the application of
      the
      laws of any jurisdiction other than the State of California.

     

    SECTION
      12. Warrant
      Register.
      The
      Company shall maintain at its principal executive office books for the
      registration and the registration of transfer of this Warrant. The Company
      may
      deem and treat the Registered Holder as the absolute owner hereof
      (notwithstanding any notation of ownership or other writing thereon made by
      anyone) for all purposes and shall not be affected by any notice to the
      contrary.

     

    SECTION
      13. Fractions
      of Shares.
      The
      Company may, but shall not be required, to issue a fraction of a Warrant Share
      upon the exercise of this Warrant in whole or in part. As to any fraction of
      a
      share which the Company elects not to issue, the Company shall make a cash
      payment in respect of such fraction in an amount equal to the same fraction
      of
      the market price of a Warrant Share on the date of such exercise (as determined
      by the board of directors in its reasonable discretion).

     

    *
      * * * *

     

    
      
        
        

      

      
        8

        
          

        

      

      
        
        

      

    

    IN
      WITNESS WHEREOF, the Company has caused this Warrant to be signed and attested
      by its duly authorized officers and to be dated as of the Date of Issuance
      hereof. 

    
      	 	 	 
	 	LEGEND MEDIA, INC.
	 
 	 
 	 
 
	 	By:  	
            
	 	
              
Name: Jeffrey
              Dash
	 	Title:   Chief Executive Officer
              

    

     

     

    
      
        
        

      

      
        9

        
          

        

      

      
        
        

      

    

    
 

    EXHIBIT
      I

     

    FORM
      OF EXERCISE NOTICE

     

    To:
      Legend Media, Inc.

     

    The
      undersigned is the Registered Holder of Warrant No. _______ (the “Warrant”)
      issued by Legend Media, Inc., a Nevada corporation (the “Company”). Capitalized
      terms used herein and not otherwise defined have the respective meanings set
      forth in the Warrant.

     

    The
      Warrant is currently exercisable to purchase a total of ______________ Warrant
      Shares.

     

    The
      undersigned Registered Holder hereby exercises its right to purchase
      _________________ Warrant Shares pursuant to the Warrant.

     

    The
      Holder intends that payment of the Exercise Price shall be made as (check
      one):

     

    ____ “Cash
      Exercise” under Section 1

     

    ____ “Cashless
      Exercise” under Section 1

     

    If
      the
      holder has elected a Cash Exercise, the holder shall pay the sum of
      $____________ to the Company in accordance with the terms of the
      Warrant.

     

    Pursuant
      to this exercise, the Company shall deliver to the Registered Holder __________
      Warrant Shares in accordance with the terms of the Warrant. If the Warrant
      Shares to be issued pursuant to the exercise are to be registered in the name(s)
      of a Person(s) other than the name of the Registered Holder, then please provide
      the Person(s) name(s) and address(es) (attach separate sheet if needed):
      ____________________________________________________________________________________________

    ____________________________________________________________________________________________

     

    Following
      this exercise, the Warrant shall be exercisable to purchase a total of
      ______________ Warrant Shares.

     

    If
      the
      Warrant is not fully exercised, the name of the Person to whom a new Warrant
      for
      the unexer-cised portion of the Warrant shall be issued and that Person’s
      address is as follows (attach separate sheet if needed):
      _____________________________________________________________________________________________

    _____________________________________________________________________________________________

     

    
      	 	 	 
	
              Dated:
                _______________,____

            	 	
              Name
                of Registered Holder:

            
	
            	 	 
	 	 	
              (Print)
                

            
	 	 	
              
                

              

            
	 	 	
              By:

            
	 	 	
              
                

              

              Name:

            
	 	 	
              
                

              

              Title:

            
	 	 	
              
                

              

              (Signature
                must conform in all respects to name of holder as specified on the
                face of
                the Warrant)

            

    

    

    
      
        
        

      

      
        10

        
          

        

      

      
        
        

      

    

    EXHIBIT
      II

     

    ASSIGNMENT

     

    FOR
      VALUE
      RECEIVED, _____________________________ hereby sells, assigns and transfers
      all
      of the rights of the undersigned under the attached Warrant (Certificate No.
      W-_____) with respect to the number of the Warrant Shares covered thereby set
      forth below, unto: 

     

    
      	Names of Assignee	Address 	No. of
              Shares

    

     

    
      
        	
                Dated:

              	
                Signature

              	
                _______________________

              
	 	 	 
	 	
                Witness

              	
                _______________________

              
	 	 	 
	
                The
                  Assignee agrees to be bound by the terms of the
                  Warrant.

              
	 	 	 
	 	
                Signature

              	
                _______________________

              
	 	 	 
	 	
                Witness

              	
                _______________________

              

      

    

     

    
      
        
        

      

      
        11SECURITIES
      PURCHASE AGREEMENT

     

    This
      Securities Purchase Agreement (this "Agreement")
      is
      dated as of March 31, 2008, among Legend Media, Inc., a Nevada corporation
      (the
      "Company"),
      and
      Maoming China Fund, a limited partnership(the "Purchaser").

     

    WHEREAS,
      subject to the terms and conditions set forth in this Agreement and pursuant
      to
      Section 4(2) of the Securities Act of 1933, as amended (the "Securities
      Act")
      and
      Rule 506 promulgated thereunder, the Company desires to issue and sell to
      Purchaser, and Purchaser desires to purchase from the Company, Preferred Shares
      of the Company and Warrants as more fully described in this
      Agreement.

     

    NOW,
      THEREFORE, IN CONSIDERATION of the mutual covenants contained in this Agreement,
      and for other good and valuable consideration the receipt and adequacy of which
      are hereby acknowledged, the Company and Purchaser agree as
      follows:

     

    ARTICLE
      I

    DEFINITIONS

     

    1.1 Definitions.
      In
      addition to the terms defined elsewhere in this Agreement: (a) capitalized
      terms
      that are not otherwise defined herein have the meanings given to such terms
      in
      the other Transactional Documents, and (b) the following terms have the meanings
      indicated in this Section
      1.1:

     

    "Affiliate"
      means
      any Person that, directly or indirectly through one or more intermediaries,
      controls or is controlled by or is under common control with a Person, as such
      terms are used in and construed under Rule 144 under the Securities
      Act.

     

    "Certificate
      of Designation"
      means
      the Certificate of Designation of the preferences, rights, limitations,
      qualifications and restrictions of the Preferred Shares attached hereto as
      Exhibit
      A.

     

    "Closing"
      means
      either of two closings of the purchase and sale of the Preferred Shares pursuant
      to Section
      2.1.

     

    "Closing Date"
      means a
      Trading Day when all conditions precedent to (i) Purchaser’s obligations to pay
      the applicable Subscription Amount for such Closing have been satisfied or
      waived (ii) and the Company’s obligations to deliver the Preferred Shares and
      the Warrants for such Closing have been satisfied or waived.

     

    "Common
      Stock"
      means
      the common stock of the Company, par value $0.001 per Share, and any securities
      into which such common stock shall hereinafter have been reclassified
      into.

     

    "Exchange
      Act"
      means
      the Securities Exchange Act of 1934, as amended.

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

     

    "Market
      Price"
      shall
      mean the most recent closing price per Share of the Common Stock on the Trading
      Market on which the Common Stock is then listed or quoted.

     

    "Person"
      means
      an individual or corporation, partnership, trust, incorporated or unincorporated
      association, joint venture, limited liability company, joint stock company,
      government (or an agency or subdivision thereof) or other entity of any
      kind.

     

    "Registration
      Statement"
      means a
      registration statement covering the Registrable Securities.

     

    "Securities
      Act"
      means
      the Securities Act of 1933, as amended.

     

    “Securities”
means
      the Preferred Shares, Warrants and Warrant Shares.

     

    “Share”
      means a
      share of the Common Stock of the Company.

     

    “Preferred
      Shares”
      means
      the 2,083,333 shares of Series A Convertible Preferred Stock of the Company
      offered hereby to the Purchaser.

     

    "Preferred
      Stock"
      means
      the preferred stock of the Company, par value $0.001 per Share, and any
      securities into which such preferred stock shall hereinafter have been
      reclassified into.

     

    “Share
      Certificate”
      means
      any stock certificate representing some or all of the Preferred
      Shares.

     

    "Subscription
      Amount"
      means
      $5,000,000 in United States Dollars and in immediately available
      funds.

     

    "Trading
      Day"
      means
      any day during which the Trading Market shall be open for business.

     

    "Trading
      Market"
      means
      the following markets or exchanges on which the Common Stock is listed or quoted
      for trading on the date in question: OTC Bulletin Board, Pink Sheets, the
      American Stock Exchange, the New York Stock Exchange, the Nasdaq Global Market
      or the Nasdaq Capital Market.

     

    "Transaction
      Documents"
      means
      this Agreement, the Voting Agreement and any other documents or agreements
      executed in connection with the transactions contemplated hereunder.

     

    “Voting
      Agreement”
      means
      the Voting Agreement attached hereto as Exhibit
      B
      dated as
      of the date hereof pursuant to which the shareholders of the Company party
      thereto agree to elect a designee of the Purchaser to the Company's board of
      directors upon the First Closing and for so long as the Purchaser owns at least
      5% of the outstanding Shares of the Company (on a fully diluted
      basis).

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

     

    "Warrants"
      means
      the 1,000,000 warrants to purchase Shares at $2.50 per Share for a three (3)
      year period pursuant to the terms of the Warrant Agreement attached hereto
      as
Exhibit
      C.

     

    "Warrant
      Shares"
      means
      the 1,000,000 Shares underlying the Warrants.

     

    ARTICLE
      II

    PURCHASE
      AND SALE

    

    2.1 Closing.
      Upon
      the terms and subject to the conditions set forth herein, the Company agrees
      to
      sell, and Purchaser agrees to purchase the Preferred Shares and the Warrants
      for
      the Subscription Amount. Purchaser shall deliver to the Company via wire
      transfer the Subscription Amount and the Company shall deliver to Purchaser
      the
      applicable Share Certificate and Warrants at such closing. The purchase and
      sale
      of the Preferred Shares and the Warrants shall occur at two
      closings:

    

    (a) First
      Closing.
      The
      first Closing (“First Closing”) shall
      occur upon the later of (i) April 12, 2008 or (ii) 15 days after the Company’s
      first acquisition (“Acquisition”) of a media advertising business operating in
      the People’s Republic of China (“PRC”). At the First Closing, the Purchaser
      shall pay a Subscription Amount of $3,000,000 for 1,250,000 Preferred Shares
      and
      600,000 Warrants.  

    

    (b) Second
      Closing.
      The
      second Closing (“Second Closing”) shall occur upon the later of (i) May 12, 2008
      or (ii) 15 days after the Company’s second Acquisition of a media advertising
      business operating in the PRC. At the Second Closing the Purchaser shall pay
      a
      Subscription Amount of $2,000,000 for 833,333 Preferred Shares and 400,000
      Warrants. 

    

    (c) Acquisition
      Requirement.
      Notwithstanding the foregoing, no Closing (either First or Second Closing)
      shall
      occur until the Company has closed an Acquisition. 

    

    2.2 Conditions
      to Each Closing.
      Each
      Closing shall be subject to the following conditions and
      deliveries:

     

    (a) At
      or
      immediately following a Closing, unless otherwise indicated below, the Company
      shall deliver or cause to be delivered to the Purchaser the
      following:

     

    (i) a
      Share
      Certificate for the appropriate number of Preferred Shares issued at such
      Closing; 

     

    (ii) a
      Warrant
      Agreement duly executed by the Company and warrant a certificate for the
      appropriate number of Warrants issued at such Closing; and

     

    (ii) this
      Agreement, duly executed by the Company.

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

     

    (b) At
      or
      prior to a Closing, the Purchaser shall deliver or cause to be delivered to
      the
      Company:

     

    (i) the
      Subscription Amount for such Closing; and

     

    (ii) this
      Agreement, duly executed by Purchaser.

    

    (c) The
      obligations of the Purchaser to consummate the transactions to be effected
      at
      each Closing and to pay the Subscription Amount are subject to the fulfillment
      or waiver, on or before such Closing, of each of the conditions set forth
      below:

    

    
      	 	
              (i)

            	
              the
                Company shall have authorized the issuance of (x) the Preferred Shares
                having the rights, restrictions, privileges and preferences as set
                forth
                in the Certificate of Designation and (y) the
                Warrants;

            

    

    

    
      	 	
              (ii)

            	
              the
                Company shall have adopted and filed with the Secretary of State
                of Nevada
                the Certificate of Designation, and shall have delivered the related
                certificate of amendment issued by the Secretary of State of Nevada
                to the
                Purchaser;

            

    

    

    
      	 	
              (iii)

            	
              the
                Company shall have delivered to the Purchaser a certificate of the
                Secretary of the Company, dated the Closing Date and attaching (x) a
                certified copy of the Articles of Incorporation of the Company, as
                amended
                (including the Certificate of Designation), and of all resolutions
                of the
                Board of Directors of the Company relating to the issuance of the
                Preferred Shares and the Warrants, (y) a certificate of good standing
                of the Company dated no earlier than ten (10) Trading Days before
                such
                date and (z) a copy of the Voting
                Agreement;

            

    

    

    
      	 	
              (iv)

            	
              all
                of the representations and warranties made by the Company in this
                Agreement, shall be accurate in all material respects as of the date
                of
                this Agreement and as of the date of the relevant Closing, and all
                covenants made by the Company and obligations of the Company shall
                have
                been performed and complied with in all material respects as of the
                date
                of the relevant Closing;

            

    

    

    
      	 	
              (v)

            	
              there
                shall not be any existing or threatened action or proceeding, nor
                any
                other material adverse change or event, involving the Company or
                the
                Purchaser and which, in the reasonable opinion of the Purchaser,
                may have
                the effect of preventing, limiting or delaying the transactions
                contemplated under this Agreement;
                and

            

    

    

    
      	 	
              (vi)

            	
              the
                Company shall have delivered to the Purchaser correct and complete
                copies
                of the documents relating to the Acquisition referred to in paragraphs
                (a)
                and (b) of Article 2.1 above.

            

    

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    
 

     

    ARTICLE
      III

    REPRESENTATIONS
      AND WARRANTIES

     

    3.1 Representations
      and Warranties of the Company.
      The
      Company hereby makes the representations and warranties set forth below to
      Purchaser.

     

    (a) Organization
      and Qualification.
      The
      Company is an entity duly incorporated, validly existing and in good standing
      under the laws of the State of Nevada, with the requisite power and authority
      to
      own and use its properties and assets and to carry on its business as currently
      conducted. The Company is not in violation of any of the provisions of its
      Articles of Incorporation or other organizational or charter documents. The
      Company is duly qualified to do business and is in good standing as a foreign
      corporation or other entity in each jurisdiction in which the nature of the
      business conducted or property owned by it makes such qualification necessary,
      except where the failure to be so qualified or in good standing, as the case
      may
      be, could not, individually or in the aggregate: (i) adversely affect the
      legality, validity or enforceability of any Transaction Document, (ii) have
      or
      result in or be reasonably likely to have or result in a material adverse effect
      on the results of operations, assets, prospects, business or condition
      (financial or otherwise) of the Company taken as a whole, or (iii) adversely
      impair the Company's ability to perform fully on a timely basis its obligations
      under any of the Transaction Documents.

     

    (b) Authorization;
      Enforcement.
      The
      Company has the requisite corporate power and authority to enter into and to
      consummate the transactions contemplated by each of the Transaction Documents
      and otherwise to carry out its obligations hereunder or thereunder. The
      execution and delivery of each of the Transaction Documents by the Company
      and
      the consummation by it of the transactions contemplated hereby or thereby have
      been duly authorized by all necessary action on the part of the Company and
      no
      further consent or action is required by the Company, its Board of Directors
      or
      its stockholders. Each of the Transaction Documents has been (or upon delivery
      will be) duly executed by the Company and, when delivered in accordance with
      the
      terms hereof, will constitute the valid and binding obligation of the Company
      enforceable against the Company in accordance with its terms, subject to
      applicable bankruptcy, insolvency, fraudulent conveyance, reorganization,
      moratorium and similar laws affecting creditors’ rights and remedies generally
      and general principles of equity.

     

    (c) Capitalization
      of the Company.
      The
      entire authorized capital stock and other equity securities of the Company
      consists of fifty (50) million Shares and ten (10) million shares of Preferred
      Stock. As of the date of this Agreement, there are 8,200,000 Shares issued
      and
      outstanding and no shares of Preferred Stock issued and outstanding. On the
      date
      of the First Closing and of the Second Closing, there shall be no more than
      8,200,000 Shares issued and outstanding and no shares of Preferred Stock (other
      than the Preferred Shares) issued and outstanding. Except as set forth on
Schedule
      1
      hereto,
      there
      is, as of the date of this Agreement, and there shall be on the date of the
      First Closing and of the Second Closing, no outstanding options, warrants (other
      than the Warrants), subscriptions, conversion rights, or other rights,
      agreements, or commitments obligating the Company to issue any additional
      Shares, shares of Preferred Stock or any other securities convertible into,
      exchangeable for, or evidencing the right to subscribe for or acquire from
      the
      Company any Shares, shares of Preferred Stock or other securities of the
      Company. Except as set forth in the Voting Agreement, there are no agreements
      purporting to restrict the transfer of the Securities, no voting agreements,
      shareholders’ agreements, voting trusts, or other arrangements restricting or
      affecting the voting of the Shares or the Preferred Shares. 

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    
 

    (d) Issuance
      of Securities.
      The
      issuance of the Securities is duly authorized and is free from all taxes,
      pre-emptive rights, liens and charges with respect to the issue thereof. Upon
      issuance, the Preferred Shares will be validly issued, fully paid and
      nonassessable and free from all preemptive or similar rights, taxes, liens
      and
      charges with respect to the issue thereof, with the holders being entitled
      to
      all rights, privileges
      and preferences as set forth in the Certificate of Designation in force as
      of
      the Closing Date. Upon conversion, the Preferred Shares will convert into Shares
      entitling to the voting and other rights set forth in the Articles of
      Association. Upon exercise of the Warrants, the Warrant Shares will be duly
      and
      validly issued, fully paid and nonassessable. Assuming the accuracy of each
      of
      the representations and warranties set forth in Section 3.2 of this Agreement,
      the offer and issuance by the Company of the Preferred Shares and Warrants
      is
      exempt from registration under the Securities Act.

    

    (e) No
      General Solicitation; Placement Agent’s Fees.
      Neither
      the Company, nor any of its Affiliates, nor any Person acting on its or their
      behalf, including, without limitation, any Person related to Purchaser, has
      engaged in any form of general solicitation or general advertising (within
      the
      meaning of Regulation D) in connection with the offer or sale of the Preferred
      Shares and Warrants. 

     

    (f) No
      Conflicts.
      The
      execution, delivery and performance of the Transaction Documents by the Company
      and the consummation by the Company of the transactions contemplated thereby
      do
      not and will not: (i) conflict with or violate any provision of the Company’s
      certificate or articles of incorporation, bylaws or other organizational or
      charter documents, or (ii) conflict with, or constitute a default (or an event
      that with notice or lapse of time or both would become a default) under, or
      give
      to others any rights of termination, amendment, acceleration or cancellation
      (with or without notice, lapse of time or both) of, any agreement, credit
      facility, debt or other instrument (evidencing a Company debt or otherwise)
      or
      other understanding to which the Company is a party or by which any property
      or
      asset of the Company is bound or affected, or (iii) result, in a violation
      of
      any law, rule, regulation, order, judgment, injunction, decree or other
      restriction of any court or governmental authority to which the Company is
      subject (including federal and state securities laws and regulations), or by
      which any property or asset of the Company is bound or affected; except in
      the
      case of each of clauses (ii) and (iii), such as could not, individually or
      in
      the aggregate, have or result in a material adverse effect on the
      Company.

     

    3.2 Representations
      and Warranties of Purchaser.
      Purchaser hereby represents and warrants to the Company as follows:

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

     

    (a) Authority.
      This
      Agreement has been duly executed by Purchaser, and when delivered by Purchaser
      in accordance with the terms hereof, will constitute the valid and legally
      binding obligation of Purchaser, enforceable against him in accordance with
      its
      terms except (i) as limited by applicable bankruptcy, insolvency,
      reorganization, moratorium and other laws of general application affecting
      enforcement of creditors’ rights generally and (ii) as limited by laws relating
      to the availability of specific performance, injunctive relief or other
      equitable remedies.

     

    (b) Investment
      Representation.
      Purchaser is acquiring the Preferred Shares and Warrants (and upon conversion
      of
      the Preferred Shares, the Shares, and upon exercise of the Warrants, the Warrant
      Shares) as principal for his own account and not with a view to or for
      distributing or reselling such Securities or any part thereof, without
      prejudice, however, to Purchaser's right, subject to the provisions of this
      Agreement, at all times to sell or otherwise dispose of all or any part of
      such
      Securities pursuant to an effective registration statement under the Securities
      Act or under an exemption from such registration and in compliance with
      applicable Federal and state securities laws. Nothing contained herein shall
      be
      deemed a representation or warranty by Purchaser to hold the Securities for
      any
      period of time or limit Purchaser’s right to sell the Securities pursuant to the
      Registration Statement or otherwise in compliance with applicable federal and
      state securities laws. Purchaser is acquiring the Securities hereunder in the
      ordinary course of his business. Purchaser does not have any agreement or
      understanding, directly or indirectly, with any Person to distribute any of
      the
      Securities.

     

    (c) Purchaser
      Status.
      At the
      time such Purchaser was offered the Securities, it was, and at the date hereof
      it is, and on each date on which it exercises any Warrants it will be, an
      "accredited investor" as defined in Rule 501(a) under the Securities Act.
      Purchaser has not been formed solely for the purpose of acquiring the
      Securities. Purchaser is not a registered broker-dealer under Section 15 of
      the
      Exchange Act.

     

    (d) Experience
      of Purchaser.
      Purchaser, either alone or together with his representatives, has such
      knowledge, sophistication and experience in business and financial matters
      so as
      to be capable of evaluating the merits and risks of the prospective investment
      in the Securities, and has so evaluated the merits and risks of such investment.
      Purchaser is able to bear the economic risk of an investment in the Securities
      and, at the present time, is able to afford a complete loss of such investment.
      

     

    (e) General
      Solicitation.
      Purchaser is not purchasing the Securities as a result of any advertisement,
      article, notice or other communication regarding the Securities published in
      any
      newspaper, magazine or similar media or broadcast over television or radio
      or
      presented at any seminar or any other general solicitation or general
      advertisement.

     

    (f) No
      Prior Short Selling.
      Purchaser represents and warrants to the Company that at no time prior to the
      date of this Agreement has Purchaser, its agents, representatives or affiliates
      engaged in or effected, in any manner whatsoever, directly or indirectly, any
      (i) "short sale" (as such term is defined in Rule 3b-3 of the 1934 Act) of
      the
      Common Stock or (ii) hedging transaction, which establishes a net short position
      with respect to the Common Stock.

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

     

     

    ARTICLE
      IV

    OTHER
      AGREEMENTS OF THE PARTIES

     

    4.1 Transfer
      Restrictions.
      The
      Securities may only be disposed of in compliance with state and Federal
      securities laws. In connection with any transfer of Securities other than
      pursuant to an effective registration statement or an exemption therefrom,
      to
      the Company or to an Affiliate of a Purchaser, the Company may require the
      transferor thereof to provide to the Company an opinion of counsel selected
      by
      the transferor and reasonably acceptable to the Company, the form and substance
      of which opinion shall be reasonably satisfactory to the Company, to the effect
      that such transfer does not require registration of such transferred Securities
      under the Securities Act. As a condition of transfer, any such transferee shall
      agree in writing to be bound by the terms of this Agreement and shall have
      the
      rights of a Purchaser under this Agreement.

     

    4.2 Furnishing
      of Information.
      As long
      as the Purchaser owns Securities, the Company covenants to timely file (or
      obtain extensions in respect thereof and file within the applicable grace
      period) all reports required to be filed by the Company after the date hereof
      pursuant to the Exchange Act. The Company further covenants that it will take
      such further action as any holder of the Securities may reasonably request,
      all
      to the extent required from time to time to enable such Person to sell such
      Shares without registration under the Securities Act within the limitation
      of
      the exemptions provided by Rule 144 under the Securities Act.

     

    4.3 Registration
      Rights.

     

    (a) The
      Company shall include all of the Shares to be issued upon conversion of the
      Preferred Shares and the Warrant Shares (the “Registrable
      Securities”)
      in a
      Registration Statement under the Securities Act (a "Registration
      Document")
      that
      is filed by the Company within 30 days after the Second Closing.

    

    (b) If
      the
      Registration Document is a part of an underwritten registered offering and
      if
      the managing underwriter(s) of such offering advises the Company in writing
      that
      in their opinion the number of Registrable Securities exceeds the number of
      securities which can be sold therein without adversely affecting the
      marketability of the offering, the Company may include in such registration
      the
      number of Registrable Securities which in the opinion of such underwriter(s)
      can
      be sold without adversely affecting the marketability of the offering, pro
      rata
      among the respective holders thereof on the basis of the amount of Registrable
      Securities owned by each such holder. Any Registrable Securities not included
      in
      such Registration Document shall be registered within nine months after such
      underwritten offering has been closed.

     

    4.4 No
      Short Sales or Hedging Transactions.
      The
      Purchaser agrees that beginning on the date of this Agreement and ending at
      such
      time all of the Securities purchased hereunder are sold, neither Purchaser
      nor
      its agents, representatives and affiliates shall in any manner whatsoever enter
      into or effect, directly or indirectly, any (i) "short sale" (as such term
      is
      defined in Rule 3b-3 of the Exchange Act) of the Common Stock or (ii) hedging
      transaction, which establishes a net short position with respect to the Common
      Stock.

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

     

    4.5 Indemnification
      of Purchaser.
      The
      Company shall indemnify, defend, and hold harmless, to the full extent of the
      law, the Purchaser from, against, and in respect of any and all Losses (as
      defined below) asserted against, relating to, imposed upon, or incurred by
      the
      Purchaser by reason of, resulting from, based upon or arising out
      of:

     

    (a) the
      material breach by the Company of any material representation or warranty of
      the
      Company contained in or made pursuant to this Agreement or any Transaction
      Document; or

     

    (b) the
      material breach by the Company of any material covenant or agreement of the
      Company made in or pursuant to this Agreement or any Transaction
      Document.

     

    For
      the
      purposes of this Agreement, the terms “Loss” and “Losses” mean any and all
      demands, claims, actions, losses, damages, liabilities (including any direct
      or
      indirect indebtedness, guaranty, obligation or responsibility), costs, and
      expenses, including without limitation, interest, penalties, fines and
      reasonable attorneys fees (but excluding any and all punitive damages, and
      consequential costs, liabilities, losses, judgments, penalties, fines or
      expenses).

     

    ARTICLE
      V

    MISCELLANEOUS

     

    5.1 Entire
      Agreement.
      The
      Transaction Documents, together with the exhibits and schedules thereto, contain
      the entire understanding of the parties with respect to the subject matter
      hereof and supersede all prior agreements and understandings, oral or written,
      with respect to such matters, which the parties acknowledge have been merged
      into such documents, exhibits and schedules.

     

    5.2 Notices.
      Any and
      all notices or other communications or deliveries required or permitted to
      be
      provided hereunder shall be in writing and shall be deemed given and effective
      on the earliest of (a) the date of transmission, if such notice or communication
      is delivered via facsimile or email (if designated) prior to 4:30 p.m. (Los
      Angeles local time) on a Trading Day with electronic confirmation of delivery,
      (b) the next Trading Day after the date of transmission, if such notice or
      communication is delivered via facsimile or email (if designated) on a day
      that
      is not a Trading Day or later than 4:30 p.m. (Los Angeles local time) on any
      Trading Day, (c) one Trading Day following the date of overnight delivery,
      if
      sent by U.S. nationally recognized overnight courier service, or (d) upon actual
      receipt by the party to whom such notice is required to be given (or actual
      delivery to such person’s address of record). The addresses for such notices and
      communications are those set forth on the signature pages hereof, or such other
      address as may be designated in writing hereafter, in the same manner, by such
      Person.

     

    5.3 Amendments;
      Waivers.
      No
      provision of this Agreement may be waived or amended except in a written
      instrument signed, in the case of an amendment, by the Company and the Purchaser
      or, in the case of a waiver, by the party against whom enforcement of any such
      waiver is sought. No waiver of any default with respect to any provision,
      condition or requirement of this Agreement shall be deemed to be a continuing
      waiver in the future or a waiver of any subsequent default or a waiver of any
      other provision, condition or requirement hereof, nor shall any delay or
      omission of either party to exercise any right hereunder in any manner impair
      the exercise of any such right.

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

     

    5.4 Headings.
      The
      headings herein are for convenience only, do not constitute a part of this
      Agreement and shall not be deemed to limit or affect any of the provisions
      hereof. The language used in this Agreement will be deemed to be the language
      chosen by the parties to express their mutual intent, and no rules of strict
      construction will be applied against any party.

     

    5.5 Successors
      and Assigns.
      This
      Agreement shall be binding upon and inure to the benefit of the parties and
      their successors and permitted assigns. 

     

    5.6 No
      Third-Party Beneficiaries.
      This
      Agreement is intended solely for the benefit of the parties hereto and their
      respective successors and permitted assigns.

     

    5.7 Governing
      Law; Venue; Waiver of Jury Trial.
      All
      questions concerning the construction, validity, enforcement and interpretation
      of the Transaction Documents shall be governed by and construed and enforced
      in
      accordance with the internal laws of the State of Nevada, without regard to
      the
      principles of conflicts of law thereof. Each party agrees that all legal
      proceedings concerning the interpretations, enforcement and defense of the
      transactions contemplated by this Agreement and any other Transaction Documents
      (whether brought against a party hereto or its respective affiliates, directors,
      officers, shareholders, employees or agents) shall be commenced exclusively
      in
      the state and Federal courts sitting in the City of New York. Each
      party hereby irrevocably submits to the exclusive jurisdiction of the state
      and
      federal courts sitting in the City of New York for the adjudication of any
      dispute hereunder or in connection herewith or with any transaction contemplated
      hereby or discussed herein (including with respect to the enforcement of any
      of
      the Transaction Documents), and hereby irrevocably waives, and agrees not to
      assert in any suit, action or proceeding, any claim that it is not personally
      subject to the jurisdiction of any such court, that such suit, action or
      proceeding is improper or inconvenient venue for such proceeding. Each party
      hereby irrevocably waives personal service of process and consents to process
      being served in any such suit, action or proceeding by mailing a copy thereof
      via registered or certified mail or overnight delivery (with evidence of
      delivery) to such party at the address in effect for notices to it under this
      Agreement and agrees that such service shall constitute good and sufficient
      service of process and notice thereof. Nothing contained herein shall be deemed
      to limit in any way any right to serve process in any manner permitted by law.
      The parties hereby waive all rights to a trial by jury. If either party shall
      commence an action or proceeding to enforce any provisions of the Transaction
      Documents, then the prevailing party in such action or proceeding shall be
      reimbursed by the other party for its attorneys’ fees and other costs and
      expenses incurred with the investigation, preparation and prosecution of such
      action or proceeding.

     

    5.8 Survival.
      The
      representations and warranties contained herein shall survive the Closing and
      the delivery of the Shares for the applicable statue of
      limitations.

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

     

    5.9 Execution.
      This
      Agreement may be executed in two or more counterparts, all of which when taken
      together shall be considered one and the same agreement and shall become
      effective when counterparts have been signed by each party and delivered to
      the
      other party, it being understood that both parties need not sign the same
      counterpart. In the event that any signature is delivered by facsimile
      transmission, such signature shall create a valid and binding obligation of
      the
      party executing (or on whose behalf such signature is executed) such document
      with the same force and effect as if such facsimile signature page were an
      original thereof.

     

    5.10 Severability.
      If any
      provision of this Agreement is held to be invalid or unenforceable in any
      respect, the validity and enforceability of the remaining terms and provisions
      of this Agreement shall not in any way be affected or impaired thereby and
      the
      parties will attempt to agree upon a valid and enforceable provision that is
      a
      reasonable substitute therefor, and upon so agreeing, shall incorporate such
      substitute provision in this Agreement.

     

    5.11 Replacement
      of Shares.
      If any
      certificate or instrument evidencing any Securities is mutilated, lost, stolen
      or destroyed, the Company shall issue or cause to be issued in exchange and
      substitution for and upon cancellation thereof, or in lieu of and substitution
      therefor, a new certificate or instrument, but only upon receipt of evidence
      reasonably satisfactory to the Company of such loss, theft or destruction and
      customary and reasonable indemnity, if requested.

     

    5.12 Remedies.
      In
      addition to being entitled to exercise all rights provided herein or granted
      by
      law, including recovery of damages, the Purchaser and the Company will be
      entitled to specific performance under the Transaction Documents. The parties
      agree that monetary damages may not be adequate compensation for any loss
      incurred by reason of any breach of obligations described in the foregoing
      sentence and hereby agrees to waive in any action for specific performance
      of
      any such obligation the defense that a remedy at law would be
      adequate.

     

    5.13 Fees
      and Expenses.
      Each
      party shall pay the fees and expenses of its advisers, counsel, accountants
      and
      other experts, if any, and all other expenses incurred by such party incident
      to
      the negotiation, preparation, execution, delivery and performance of this
      Agreement. The Company shall pay all transfer agent fees, stamp taxes and other
      taxes and duties levied in connection with the issuance of any Securities
      including fees associated with filling the Registration Statement.

     

    IN
      WITNESS WHEREOF, the undersigned has caused this Securities Purchase Agreement
      to be duly executed by its authorized signatory as of the date first set forth
      above.

    
      	 	 	 
	 	LEGEND MEDIA, INC.
	 
 	 
 	 
 
	 	By:  	/s/ Jeffrey Dash
	 	
              
Jeffrey
              Dash, CEO
	 	 

    

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    [PURCHASER
      SIGNATURE PAGES TO LEGEND MEDIA, INC.

    SECURITIES
      PURCHASE AGREEMENT]

    

    IN
      WITNESS WHEREOF, the undersigned have caused this Securities Purchase Agreement
      to be duly executed by their respective authorized signatories as of the date
      first set forth above.

     

    Name
      of
      Purchaser:  Maoming
      China Fund

    
      
        

      
     

    Signature
      of Authorized Signatory of Purchaser:  
      /s/ Julien Moulin

    
      
 

    Name
      of
      Authorized Signatory: Julien
      Moulin

    
      
 

    Title
      of
      Authorized Signatory:  Director

    
      
 

    Email
      Address:   jmoulin@maominginvestments.com

    
      
 

    Telephone
      Number:  + 86 138 17894187

    
      
 

    Facsimile
      Number:     + 86

    
      
 

    Address
      of Purchaser:

     

    Clifton
      House       

    
      
 

    75
      Fort
      Street       

    
      
 

    PO
      Box
      1350GT      

    
      
 

    Grand
      Cayman      

    

     

    Cayman
      Islands      

    
      
 

    Today’s
      Date:  01 April 2008   

    
      
 

    
      
        	
                First
                  Closing Subscription Amount:

              	
                $3,000,000

              
	 	 
	
                Second
                  Closing Subscription Amount:

              	
                $2,000,000

              
	 	 
	
                Total:

              	
                $5,000,000

              

      

    

     

     

    
      
         

      

      
         

        
          

        

      

      
         

      

    

    Schedule
      1

    Options

    
      	
              Jeffrey
                Dash, CEO: 

            	400,000
              options
	Rich
              Vogel, Director: 	 
              80,000 options
	Michael
              Bonner, Director:	 
              80,000 options

    

     

    Warrants

    
      
        	
                RMK:
                  

              	200,000
                warrants
	Blueday
                Investments: 	 
                50,000 warrants
	Jonathan
                Kantor	 
                40,000 warrants
	Newport
                Capital	 
                40,000 warrants

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00140-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00140-of-00352.parquet"}]]