Document:

LOAN
      AGREEMENT

     

    THIS
      LOAN
      AGREEMENT (this "Agreement")
      is
      executed as of January 31, 2008, by and among Well Chance Investments Limited,
      Inc., a company incorporated in the British Virgin Islands (the "Company")
      and
      RMK Emerging Growth Opportunity Fund LP, a Delaware limited partnership
      (“RMK”)
      (each
      a “Party”
and
      collectively the “Parties”).

     

    WHEREAS,
      the Company is conducting this bridge loan financing (the "Bridge
      Financing")
      simultaneously with a reverse merger (the "Merger")
      with
      and into Noble Quests, Inc., a publicly traded Nevada company (the “Public
      Company Parent”)
      whereby the Company will survive such Merger or such other similar transaction
      such as a share exchange transaction by existing Company stockholders (the
      Merger and Bridge Financing are collectively referred to herein as the
“Transaction”);

     

    WHEREAS,
      in order to fund the Company’s fees and expenses for the Transaction and a
      post-merger Equity Financing, the Company wishes to borrow four hundred forty
      four thousand seven hundred thirty three dollars and fifteen cents ($444,733.15)
      from RMK as a short term bridge loan; and

     

    WHEREAS,
      RMK is willing to provide such financing on terms and conditions as set forth
      herein.

     

    NOW,
      THEREFORE, in consideration of the mutual covenants and agreements set forth
      herein, and for other good and valuable consideration, the receipt and
      sufficiency of which are hereby acknowledged, the Company and RMK, intending
      to
      be legally bound, agree as follows:

     

    ARTICLE
      1

    DEFINITIONS

     

    1.1 Defined
      terms.
      Certain
      capitalized terms used in this Agreement shall have the specific meanings
      defined below:

     

    “Additional
      Loan Closing Date”
shall
      mean the date upon which an Additional Loan is made to the Company.

     

    “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;

     

    “Initial
      Loan Closing Date”
shall
      mean the date upon which the Loan is delivered to the Company.

     

    ”Equity
      Financing”
means
      the issuance and sale after the date hereof of equity or equity-linked
      securities by the Company or its Public Company Parent to investors (other
      than
      investors who are stockholders of the Company on the date hereof), which
      issuance and sale results in gross proceeds to the Company of at least three
      million dollars ($3,000,000).

    
      
         

      

      
        
        

        
          

        

      

      
         

      

    

     

    “Transaction
      Fees”
means
      the Company’s expenses, including but not limited to the audit and legal fees,
      in connection with the Merger, Bridge Financing and Equity
      Financing.

     

    ARTICLE
      2

    THE
      LOAN

     

    2.1 Loan.
      According to the terms and subject to the conditions of this Agreement, RMK
      shall make a single-installment loan to the Company on the Initial Closing
      Date
      in the amount of at least $244,733.15 (the "Initial
      Loan").
      RMK
      shall advance an additional Loan, in accordance with the terms set forth in
      Section 2.2, in the amount of up to $200,000 (the "Additional
      Loan")
      (the
      Initial Loan and the Additional Loan, if any, shall be referred to collectively
      as the "Loan").
      The
      Initial Loan and the Additional Loan shall be $444,733.15. The Initial Loan
      shall be used solely for payment of the Company’s Transaction Fees and shall be
      evidenced by promissory note(s) in the form attached hereto as Exhibit
      A
      ("Note"),
      duly
      executed on behalf of the Company and dated as of the Initial Loan Closing
      Date.
      The Initial Loan Closing Date shall be no later than the closing of the share
      exchange transaction between Noble Quests, a Nevada corporation and the
      shareholders of the Company (“Merger
      Closing Date”).

     

    2.2 Additional
      Loan.
      Provided there is no Event of Default under this Agreement, RMK shall make
      an
      Additional Loan to the Company of up to $200,000. RMK shall be obligated to
      make
      the Additional Loan so long as there is no Event of Default within twenty (20)
      calendar days of the Initial Loan Closing Date. The Additional Loan shall be
      evidenced by a Note, duly executed on behalf of the Company and dated as of
      the
      Additional Loan Closing Date.

     

    2.3 Repayment.
      The
      Company shall repay the Loan to RMK pursuant to the following repayment
      terms:

     

    (a) Repayment
      in the Event of Equity Financing.
      In the
      event that there is a closing of an Equity Financing, then full repayment of
      all
      outstanding amounts of Loan Principal, Initial Loan Premium and Additional
      Loan
      Fee (if applicable) owed to RMK as of the closing date of the Equity Financing
      shall be delivered by the Company to RMK no later than five (5) Business Days
      after the closing date of the Equity Financing. The full repayment amount that
      the Company shall be required to deliver to RMK in the event of a closing of
      an
      Equity Financing shall be calculated in accordance with the terms set forth
      Sections 2.3(b), 2.3(c) and 2.3(d) below.

     

    (b) Initial
      Payment Period Repayments.
      The
      total amount due and payable to RMK (regardless of whether or not there is
      a
      closing of an Equity Financing) if such repayment is delivered to RMK on or
      before the 365th
      calendar
      day after the Initial Loan Closing Date shall be the sum of the Loan(s) (the
      “Loan
      Principal”)
      plus a
      loan fee of 68.64045% of the amount of the Loan Principal (the “Initial
      Loan Premium”).
      For
      example, if the Loan Principal were $444,733.15, then the Loan Principal and
      Initial Loan Premium would be a total of $750,000. Any funds received by RMK
      as
      a partial repayment of the Loan (“Partial
      Repayment”)
      on or
      before the 365th
      calendar
      day after the Initial Loan Closing Date shall be applied toward repayment as
      follows:

    
      
         

      

      
        
        

        
          

        

      

      
         

      

    

     

    (i) 59.3%
      of
      the Partial Repayment shall be applied toward payment of the remaining
      outstanding Loan Principal owed by the Company as of the date of such Partial
      Repayment; and

     

    (ii) 40.7%
      of
      the Partial Repayment shall be applied toward payment of the remaining
      outstanding Initial Loan Premium as of the date of such Partial Repayment.
      1

     

    (c) Prepayment.
      The
      Company may from time to time prepay all or any portion of the Loan. The Company
      shall give RMK at least three (3) Business Days prior written notice of its
      intention to prepay the Loan, specifying the date of payment and the total
      amount of the Loan to be paid on such date.

    

    (d) Subsequent
      Period Repayments.
      In the
      event that full repayment of all outstanding amounts of Loan Principal and
      Initial Loan Premium is not made by the Company on or before the 365th
      calendar
      day after the Initial Loan Closing Date, then, in addition to the remaining
      outstanding Loan Principal and Initial Loan Premium due, the total amount due
      and payable to RMK shall also include an additional loan fee that shall be
      a
      percentage of the remaining outstanding Loan Principal at the time repayment
      is
      made (“Additional
      Loan Fee”).
      The
      applicable Additional Loan Fee if repayments are made on the 366th calendar
      day
      after the Initial Loan Closing Date and for the 44-day period (“Initial
      45-day Period”)
      thereafter, shall be two percent (2%) of the remaining outstanding Loan
      Principal at the time repayment is made. The Additional Loan Fee percentage
      amount shall increase in two percent (2%) increments for every 45-day period
      subsequent to the Initial 45-day Period and shall continue to increase until
      the
      Company makes full repayment of all of the remaining outstanding Loan Principal,
      Initial Loan Premium, and Additional Loan Fee owed to RMK as of the date on
      which the full repayment is made. (The Initial 45-day Period and all subsequent
      45-day periods are hereinafter collectively referred to as the “Subsequent
      Periods”.)
      Any
      Partial Repayments delivered to RMK during Subsequent Periods shall be applied
      proportionately toward repayment in accordance with the amounts of: (a) the
      remaining outstanding Loan Principal; (b) the remaining outstanding Initial
      Loan
      Premium; and (c) the applicable Additional Loan Fee due on the date of repayment
      as follows 2 :

    
      
        

      

    

    
      
        1
          For
          example, if the Company’s first repayment is a Partial Repayment of $100,000
          during the Initial Payment Period, $59,300 of such Partial Repayment will
          be
          applied toward payment of the outstanding Loan Principal (thus reducing
          the
          amount outstanding owed for Loan Principal from $444,733.15 to $385,433.15),
          and
          $40,700 of such Partial Repayment will be applied toward payment of the
          outstanding Initial Loan Premium (thus reducing the amount of outstanding
          Initial Loan Premium from $305,266.85 to $264,566.85).

      

      
         

        2 Variable
          Index:

        

        A
          = total
          remaining outstanding Loan Principal on date of repayment

         

        B
          = total
          remaining outstanding Initial Loan Premium on date of repayment

        

        C
          = “A”
          multiplied by the applicable Additional Loan Fee percentage amount (e.g.
          2%
          during Initial 45-day Period, or 4% during first 45-day Period after the
          Initial
          45-day Period)

        

        P
          = total
          Partial Repayment amount made

        

        T
          = A
          + B +
          C

      

      

        
          
             

          

          
            
            

            
              

            

          

          
             

          

        

      

    

     

    (i) the
      portion of the Partial Repayment that shall be applied to the remaining
      outstanding Loan Principal due shall equal the product of P multiplied by the
      quotient of A divided by T (as such variables are defined in the Variable
      Index
      set
      forth in footnote 2 below);

    

    (ii) the
      portion of the Partial Repayment to be applied to the remaining outstanding
      Initial Loan Premium shall equal the product of P multiplied by the quotient
      of
      B divided by T (as such variables are defined in the Variable
      Index
      set
      forth in footnote 2 below); and

    

    (iii) the
      portion of the Partial Repayment to be deducted from the outstanding Additional
      Loan Fee due shall equal the product of P multiplied by the quotient of C
      divided by T (as such variables are defined in the Variable
      Index
      set
      forth in footnote 2 below). 3 

     

    (d) In
      the
      event that Full Repayment is not received on or before the 455th
      calendar
      day after the Initial Loan Closing Date, then the Loan shall be subject to
      the
      Event of Default provisions set forth in Sections 6.1 and 6.2 herein, and the
      total amount due and payable to RMK shall include all remaining unpaid amounts
      of the Loan Principal and Initial Loan Premium and shall also include and
      continue to accrue the Additional Loan Fee (as described in Section 2.3(c))
      during the Subsequent Periods until Full Repayment is received by
      RMK.

     

    ARTICLE
      3

    CONDITIONS
      PRECEDENT TO THE LOAN

     

    3.1 Conditions
      on the Initial Loan Closing Date.
      The
      obligation of RMK to make the Initial Loan pursuant to Section 2.1 shall be
      subject to the satisfaction of the conditions set forth in this Section. If
      the
      conditions set forth in this Section are not met on or prior to the Initial
      Loan
      Closing Date, then RMK shall have no obligation to make the Initial Loan.

     

    (a) The
      Company shall have duly executed and delivered to RMK the Notes representing
      the
      Loan.

     

    (b) The
      Company shall have duly authorized, executed, and delivered to RMK a security
      agreement in the form attached hereto as Exhibit
      B
      (the
“Security
      Agreement”)
      to
      secure the repayment of the Loan and granting RMK a continuing security interest
      in all presently existing and hereafter acquired assets and property of the
      Company of whatever nature and wherever located (except for any such assets
      for
      which, by the terms of any agreement in existence on the date hereof, does
      not
      permit the granting of a security interest, in which case the Company shall
      grant to RMK in the Security Agreement a security interest in all proceeds
      received by the Company generated by such assets).

    
      
        
          

        

      

      3
        For
        example and continuing with the hypothetical described in footnote 1 above,
        assume the Company makes another $100,000 Partial Repayment to RMK during
        the
        Initial 45-day Period. The portion of the $100,000 Partial Repayment to be
        allocated toward payment of the remaining outstanding Loan Principal would
        equal
        $58,602.41 (thus further reducing the remaining outstanding Loan Principal
        from
        $385,433.15 to $326,830.74). The portion of the $100,000 Partial Repayment
        to be
        allocated toward payment of the remaining outstanding Initial Loan Premium
        would
        equal $40,225.54 (thus further reducing the remaining outstanding Initial
        Loan
        Premium from $264,566.85 to $224,341.31). The portion of the $100,000 Partial
        Repayment that would be applied toward payment of the total outstanding
        Additional Loan Fee due would equal $1,172.05.

    

    
      
         

      

      
        
        

        
          

        

      

      
         

      

    

    (c) RMK
      shall
      have received on or before the execution date of this Agreement (the
“Execution
      Date”)
      an
      Officer’s Certificate in the form attached hereto as Exhibit
      C,
      dated
      as of the Execution Date.

     

    3.2 Conditions
      on the Additional Loan Closing Date.
      The
      obligation of RMK to make the Additional Loan pursuant to Section 2.2 shall
      be
      subject to the satisfaction, on or before the date on which such Loan is made,
      of the conditions set forth in this Section. If the conditions set forth in
      this
      Section are not met on or prior to such date, RMK shall have no obligation
      to
      make the Additional Loan.

     

    (a) The
      Company shall have duly executed and delivered to RMK the Note representing
      the
      Additional Loan.

     

    ARTICLE
      4

    REPRESENTATIONS
      AND WARRANTIES

     

    4.1 Due
      Incorporation and Good Standing.
      The
      Company is a corporation duly organized, validly existing and in good standing
      under the laws of the British Virgin Islands, with full and adequate power
      to
      carry on and conduct its business as presently conducted, and is duly licensed
      or qualified in all foreign jurisdictions wherein the failure to be so qualified
      or licensed would reasonably be expected to have a material adverse effect
      on
      the business of the Company.

     

    4.2 Due
      Authorization.
      The
      Company has full right, power and authority to enter into this Agreement, to
      make the borrowings hereunder and execute and deliver the Note as provided
      herein and to perform all of its duties and obligations under this Agreement
      and
      the Note. The execution and delivery of this Agreement will not, nor will the
      observance or performance of any of the matters and things herein or therein
      set
      forth, violate or contravene any provision of law or the Company's bylaws or
      certificate of incorporation. All necessary and appropriate corporate action
      on
      the part of the Company has been taken to authorize the execution and delivery
      of this Agreement. On the Execution Date, the Company will deliver to RMK a
      copy
      of the written resolutions by or the minutes of the meeting of the Company’s
      Board of Directors authorizing the Company to enter into this Agreement, to
      make
      the borrowings as provided herein, and to perform all of its duties and
      obligations under this Agreement. 

     

    4.3 Enforceability.
      This
      Agreement has been validly executed and delivered by the Company and constitutes
      the legal, valid and binding obligations of the Company enforceable against
      it
      in accordance with its respective terms, subject to applicable bankruptcy,
      insolvency, reorganization or similar laws relating to or affecting the
      enforcement of creditors’ right and to the availability of the remedy of
      specific performance.

     

    4.4 Capitalization.
      All of
      the Company's authorized and outstanding equity securities (including securities
      convertible into equity securities) are identified on Schedule
      A
      attached
      hereto. Other than as set forth on Schedule
      A,
      there
      are no outstanding shares of capital stock or any options, warrants or other
      preemptive rights, rights of first refusal or similar rights to purchase equity
      securities of the Company.

    
      
         

      

      
        
        

        
          

        

      

      
         

      

    

     

    4.5 Subsidiaries.
      The
      Company owns no securities of any other entity, and, except as set forth in
      this
      Section 4.5, there are no outstanding shares of capital stock or any options,
      warrants or other preemptive rights, rights of first refusal or similar rights
      to purchase equity securities of any other entity. 

     

    4.6 Compliance
      with Laws.
      The
      nature and transaction of the Company's business and operations and the use
      of
      its properties and assets do not, and during the term of this Agreement shall
      not, violate or conflict with in any material respect any applicable law,
      statute, ordinance, rule, regulation or order of any kind or
      nature.

     

    4.7 Absence
      of Conflicts.
      The
      execution, delivery and performance by the Company of this Agreement, and the
      transactions contemplated hereby, do not constitute a breach or default, or
      require consents under, any agreement, permit, contract or other instrument
      to
      which the Company is a party, or by which the Company is bound or to which
      any
      of the assets of the Company is subject, or any judgment, order, writ, decree,
      authorization, license, rule, regulation, or statute to which the Company is
      subject, and, except as set forth in the Security Agreement, will not result
      in
      the creation of any lien upon any of the assets of the Company. 

     

    4.8 Litigation
      and Taxes.
      There
      is no
      litigation or governmental proceeding pending, or to the best knowledge of
      the
      Company after due inquiry, threatened, against the Company. The Company has
      duly
      filed all applicable income or other tax returns and has paid all material
      income or other taxes when due. There is no controversy or objection pending,
      or
      to the best knowledge of the Company after due inquiry, threatened in respect
      of
      any tax returns of the Company.

     

    4.9 No
      Omissions or Misstatements.
      None of
      the information included in this Agreement, other documents or information
      furnished or to be furnished by the Company, or any of its representations,
      contains any untrue statement of a material fact or is misleading in any
      material respect or omits to state any material fact. Copies of all documents
      referred to in herein have been delivered or made available to RMK and
      constitute true and complete copies thereof and include all amendments,
      schedules, appendices, supplements or modifications thereto or waivers
      thereunder.

     

    ARTICLE
      5

    COVENANTS

     

    5.1 Negative
      Covenants of the Company.
      The
      Company covenants and agrees that, from the Execution Date until the date on
      which RMK receives full repayment of all remaining outstanding amounts of the
      Loan Principal, Initial Loan Premium, and Additional Loan Fee (and, in any
      event, during such time as any portion of the Loan or any applicable Initial
      Loan Premium, and Additional Loan Fee (if applicable) thereon is outstanding),
      without the consent of RMK, the Company will not:

    
      
         

      

      
        
        

        
          

        

      

      
         

      

    

     

    (a) except
      for the Merger and the Company’s or its Public Company Parent’s future
      acquisition of or merger with Chinese media advertising companies, merge or
      consolidate with or into any other corporation or sell or otherwise convey
      a
      majority of its assets;

     

    (b) engage
      in
      any business other than the business conducted or reasonably planned to be
      conducted by the Company on the Execution Date;

     

    (c) declare,
      set aside or pay any dividend or other distribution on any of its capital stock;
      or

     

    (d) amend
      its
      Certificate of Incorporation or Bylaws in any manner that adversely affects
      the
      rights associated with this Agreement.

     

    5.2 Affirmative
      Covenants of the Company.
      The
      Company covenants and agrees that, from the Execution Date until the date on
      which RMK receives full repayment of all remaining outstanding amounts of the
      Loan Principal, Initial Loan Premium, and Additional Loan Fee (and, in any
      event, during such time as any portion of the Loan or any applicable Initial
      Loan Premium and Additional Loan Fee (if applicable) thereon is outstanding),
      the Company shall:

     

    (a) operate
      its business only in the ordinary course and maintain its properties and assets
      in good repair, working order and condition;

     

    (b) cause
      to
      be done all things reasonably necessary to maintain, preserve and renew its
      corporate existence and all material licenses, authorizations and permits
      necessary to the conduct of its businesses; and

     

    (c) comply
      with all applicable laws, rules and regulations of all governmental authorities,
      the violation of which could reasonably be expected to have a material adverse
      effect on its business, properties or prospects.

     

    ARTICLE
      6

    DEFAULT

     

    6.1 Events
      of Default.
      The
      occurrence of the events described in either Sections 6.1(a) or 6.1(b), if
      not
      cured within a ten (10) Business Day cure period from the date of such default,
      or the occurrence of the events described in Section 6.1(c) and 6.1(d), for
      which there shall be no cure period (each event an “Event
      of Default”),
      if
      any, shall constitute an Event of Default of the Company:

     

    (a) a
      material breach of any representation, warranty, covenant or other provision
      of
      this Agreement, the Note, or the Security Agreement;

     

    (b) (i)
      the
      application for the appointment of a receiver or custodian for the Company
      or
      the property of the Company, (ii) the entry of an order for relief or the filing
      of a petition by or against the Company under the provisions of any bankruptcy
      or insolvency law, (iii) any assignment for the benefit of creditors by or
      against the Company, or (iv) the Company becomes insolvent; 

    
      
         

      

      
        
        

        
          

        

      

      
         

      

    

    (c) the
      Company’s failure to make full repayment of the Loan (including all remaining
      outstanding Loan Principal and applicable outstanding Initial Loan Premium
      and
      Additional Loan Fee), as described in this Agreement or the Note, to RMK on
      or
      before 455th
      day
      after the Initial Loan Closing Date; and

     

    (d) in
      the
      event that there is a closing of an Equity Financing, the Company’s failure to
      deliver full repayment of the Loan (including all remaining outstanding Loan
      Principal and applicable outstanding Initial Loan Premium and Additional Loan
      Fee) to RMK within five (5) Business Days of the closing date of the Equity
      Financing as set forth and in accordance with Section 2.3(a)
      herein.

     

    6.2 Effect
      of Default.
      Upon
      the occurrence of any Event of Default that is not cured within any applicable
      cure period, RMK may elect, by written notice delivered to the Company, to
      take
      any or all of the following actions: (i) declare this Agreement terminated
      and
      the outstanding amounts under the Note to be forthwith due and payable,
      whereupon the entire unpaid Loan Principal, together with all of the unpaid
      applicable outstanding Initial Loan Premium and Additional Loan Fee (if
      applicable) owed to RMK, and all other cash obligations hereunder, shall become
      forthwith due and payable, without presentment, demand, protest or any other
      notice of any kind, all of which are hereby expressly waived by the Company,
      anything contained herein or in any of the Note to the contrary notwithstanding,
      and (ii) exercise any and all other remedies provided hereunder or available
      at
      law or in equity upon the occurrence and continuation of an Event of Default.
      In
      addition, during the occurrence of any Event of Default, the Company shall
      not
      pay make any payment on any other outstanding indebtedness of the Company (other
      than indebtedness of the Company to which RMK holds a majority of principal
      under the Loan) unless the Parties have agreed in writing to subordinate this
      Agreement and the Note hereunder. 

     

    ARTICLE
      7

    WARRANT

     

    7.1 Issuance
      of Warrant.
      In the
      event that there is a closing of the Merger, on the Merger Closing Date, the
      Company shall cause Noble Quests, by including a condition to the closing of
      the
      Merger in the merger agreement, to issue to RMK a Common Stock Purchase Warrant
      (the “Warrant”)
      substantially in the form attached hereto as Exhibit
      D.
      The
      Warrant shall be immediately exercisable upon issuance and shall be exercisable
      until the third anniversary of the issuance date of the Warrant. The Warrant
      exercise price shall equal $2.50 per share, subject to adjustments as set forth
      in Section 2 of the Warrant (the “Initial
      Exercise Price”).
      The
      total number of shares underlying the Warrant that RMK will receive shall equal
      two hundred thousand (200,000) shares of Noble Quests’ common
      stock.

    

    7.2 Registration
      of Shares Underlying Warrant. 

     

    (a) If,
      at
      any time commencing on the date hereof until the second anniversary of this
      Agreement, the Company or Noble Quests prepares and files a Registration
      Statement under the Securities Act or otherwise registers securities under
      the
      Securities Act as to any of its securities (other than under a Registration
      Statement pursuant to Form S-8 or Form S-4) (each such filing, a "Registration
      Document"),
      the
      Company will give written notice, at least twenty (20) calendar days prior
      to
      the filing of such Registration Document to the holder of the Warrant of its
      intention to do so. The Company shall cause the Public Company Parent to include
      all of the shares underlying the Warrant (the “Registrable
      Securities”)
      in
      such Registration Documents with respect to which the Company has received
      written requests for inclusion therein within 15 calendar days of actual receipt
      of the Company's notice.

    
      
         

      

      
        
        

        
          

        

      

      
         

      

    

    (b) In
      the
      event of an underwritten registered offering in which the managing
      underwriter(s) advise the Company or Noble Quests 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 will cause Noble Quests to include in such registration
      the number of Registrable Securities requested to be included 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.
      

     

    ARTICLE
      8

    MISCELLANEOUS

     

    8.1 Successors
      and Assigns.
      Subject
      to the exceptions specifically set forth in this Agreement, the terms and
      conditions of this Agreement shall inure to the benefit of and be binding upon
      the respective executors, administrators, heirs, successors and assigns of
      the
      parties. This Agreement may be assigned solely by RMK provided that RMK complies
      with all applicable federal and state securities laws. In the event of an
      assignment by RMK, each of the parties to this Agreement acknowledge and agree
      that RMK’s assignee is assigned and takes over all rights, obligations,
      responsibilities, duties, remedies, powers and privileges under this Agreement
      from RMK.

     

    8.2 Further
      Assurances.
      Each
      party to this Agreement agrees to promptly produce and execute such other
      documents or agreements as may be necessary or desirable for the execution
      and
      implementation of this Agreement, RMK’s assignment of this Agreement (if
      applicable), and the consummation of the transactions contemplated
      thereby.

     

    8.3 Titles
      and Subtitles.
      The
      titles and subtitles of the Sections of this Agreement are used for convenience
      only and shall not be considered in construing or interpreting this
      agreement.

     

    8.4 Notices.
      Any
      notice, request or other communication required or permitted hereunder shall
      be
      in writing and shall be delivered personally or by facsimile (receipt confirmed
      electronically) or shall be sent by a reputable express delivery service or
      by
      certified mail, postage prepaid with return receipt requested, addressed as
      follows:

     

    if
      to
      the Company, to:

    

    Well
      Chance Investments Limited

    Attn:
      Mr.
      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
      RMK, to:

    

    RMK
      Emerging Growth Opportunity Fund LP

    Attn:
      Mr.
      Adam M. Roseman

    9440
      Little Santa Monica Blvd., Suite 401

    Beverly
      Hills, CA  90210

    Tel:
      (310) 402-5901

    Fax:
      (310) 402-5932

    

    Either
      party hereto may change the above specified recipient or mailing address by
      notice to the other party given in the manner herein prescribed. All notices
      shall be deemed given on the day when actually delivered as provided above
      (if
      delivered personally or by facsimile, provided that any such facsimile is
      received during regular business hours at the recipient's location) or on the
      day shown on the return receipt (if delivered by mail or delivery
      service).

     

    8.5 Governing
      Law.
      This
      Agreement shall be governed by and construed in accordance with the domestic
      laws of the State of California without giving effect to any choice of law
      or
      conflict of law provision or rule (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.

     

    8.6 Waiver
      and Amendment.
      Any
      term of this Agreement may be amended, waived or modified with the written
      consent of the Company and RMK.

     

    8.7 Remedies.
      No
      delay or omission by RMK in exercising any of its rights, remedies, powers
      or
      privileges hereunder or at law or in equity and no course of dealing between
      RMK
      and the undersigned or any other person shall be deemed a waiver by RMK of
      any
      such rights, remedies, powers or privileges, even if such delay or omission
      is
      continuous or repeated, nor shall any single or partial exercise of any right,
      remedy, power or privilege preclude any other or further exercise thereof by
      RMK
      or the exercise of any other right, remedy, power or privilege by RMK. The
      rights and remedies of RMK described herein shall be cumulative and not
      restrictive of any other rights or remedies available under any other
      instrument, at law or in equity.

     

    8.8 Counterparts.
      This
      Agreement may be executed in separate counterparts each of which will be an
      original and all of which taken together will constitute one and the same
      agreement.

     

    8.9 Facsimile.
      This
      Agreement may be executed using facsimiles of signatures, and a facsimile of
      a
      signature shall be deemed to be the same, and equally enforceable, as an
      original of such signature.

     

    *
      * * *
      *

    
      
         

      

      
        
        

        
          

        

      

      
         

      

    

    IN
      WITNESS WHEREOF, the parties have caused this Loan Agreement to be executed
      on
      the date first set forth above.

    

    

    
      	 	
              WELL
                CHANCE INVESTMENTS LIMITED

            
	 	 
	 	 
	 	
              By:

            	
                
                /s/ Jeffrey Dash

            
	 	 	
              Jeffrey
                Dash,

            
	 	 	
              Chief
                Executive Officer

            
	 	 
	 	 
	 	
              RMK
                EMERGING GROWTH OPPORTUNITY FUND LP

            
	 	 
	 	 
	 	
              By:

            	
                
                /s/ Adam Roseman

            
	 	 	
              Adam
                M. Roseman, as authorized

            
	 	 	
              signatory
                for and on behalf of

            
	 	 	
              ARC
                EMERGING GROWTH PARTNERS, LLC, General Partner of RMK Emerging Growth
                Opportunity Fund LP

            
	 	 	 
	 	 	
              Amount
                of Initial Loan: $
                244,733.15

            
	 	 	 
	 	 	
              Amount
                of Additional Loan: $
                200,000

            

    

    

      
        
           

        

        
          
          

          
            

          

        

        
           

        

      

    

     

    SCHEDULE
      A

    CAPITALIZATION

    
      
         

      

      
        
        

        
          

        

      

      
         

      

    

    EXHIBIT
      A

    PROMISSORY
      NOTE

     

    See
      attached.

    
      
         

      

      
        
        

        
          

        

      

      
         

      

    

    EXHIBIT
      B

    SECURITY
      AGREEMENT

    

    See
      attached.

    
      
         

      

      
        
        

        
          

        

      

      
         

      

    

    EXHIBIT
      C

    OFFICER’S
      CERTIFICATE

    

    See
      attached.

    
      
         

      

      
        
        

        
          

        

      

      
         

      

    

    EXHIBIT
      D

    FORM
      OF COMMON STOCK PURCHASE WARRANT

    

    See
      attached.SECURED
      PROMISSORY NOTE

    

    Beijing,
      People’s Republic of China

    January
      31, 2008

    

    FOR
      VALUE
      RECEIVED, Well Chance Investments Limited, a company incorporated under the
      laws
      of the British Virgin Islands ("Borrower"),
      hereby promises to pay to the order of RMK Emerging Growth Opportunity Fund
      LP
      ("Lender"),
      in
      lawful money of the United States at the address of Lender set forth herein,
      the
      principal amount of $244,733.15 (the “Initial Loan”),
      together with the Initial Loan Premium, and Additional Loan Fee (if applicable),
      as all such terms are defined in the Loan Agreement. This Secured Promissory
      Note (the "Note")
      has
      been executed by Borrower as of the date set forth above (the "Effective
      Date")
      pursuant to the Loan Agreement entered into as of the date hereof between Lender
      and Borrower (the "Loan
      Agreement").
      Capitalized terms used but not defined herein shall have the meanings assigned
      to such terms in the Loan Agreement.

    

    1. Initial
      Loan Premium and Additional Loan Fee.
      The
      Note shall bear an Initial Loan Premium and Additional Loan Fee (if applicable)
      (collectively, the “Total
      Loan Fees”),
      as
      such terms are defined and described in Section 2.3 of the Loan Agreement.
      

    

    2. Repayment.
      All or
      any portion of the principal under the Note, the applicable Total Loan Fees
      thereon and all other sums due hereunder, shall be due and payable to Lender
      according to the repayment terms set forth in Section 2.3 of the Loan
      Agreement.

    

    3. Secured
      Indebtedness.
      The
      indebtedness represented by this Note is secured pursuant to the Security
      Agreement dated as of the Initial Loan Closing Date in favor of Lender.

    

    4. Application
      of Payments.
      

    

    4.1. Except
      as
      otherwise expressly provided herein, payments under this Note shall be applied
      according to the terms set forth in Section 2.3 of the Loan
      Agreement.

    

    4.2. Upon
      payment in full of the Initial Loan and Total Loan Fees thereon, this Note
      shall
      be marked "Paid in Full" and returned to Borrower.

     

    5. Waiver
      of Notice.
      Borrower hereby waives diligence, notice, presentment, protest and notice of
      dishonor.

    

    6. Transfer.
      This
      Note may be transferred by Lender at any time, provided that such transfer
      complies with applicable federal and state securities laws.

    

    7. Events
      of Default.
      The
      occurrence of the events described in either Sections 7.3 or 7.4 herein, if
      not
      cured within a ten (10) Business Day cure period from the date of such default,
      or the occurrence of the events described in Sections 7.1 and 7.2 herein, for
      which there shall be no cure period (each event an “Event
      of Default”),
      if
      any, shall constitute an Event of Default of the Borrower:

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    

    7.1 the
      Borrower’s failure to make full repayment of the Loan (including all remaining
      outstanding Loan Principal and applicable outstanding Initial Loan Premium
      and
      Additional Loan Fee), as described in the Loan Agreement or the Note, to Lender
      on or before 455th
      day
      after the Initial Loan Closing Date.

    

    7.2 in
      the
      event that there is a closing of an Equity Financing, the Borrower’s failure to
      deliver full repayment of the Loan (including all remaining outstanding Loan
      Principal and applicable outstanding Initial Loan Premium and Additional Loan
      Fee) to Lender within five (5) Business Days of the closing date of the Equity
      Financing as set forth and in accordance with Section 2.3(a) of the Loan
      Agreement.

    

    7.3 A
      breach
      of any representation, warranty, covenant or other provision of this Note,
      the
      Loan Agreement or the Security Agreement.

    

    7.4 (i)
      The
      application for the appointment of a receiver or custodian for Borrower or
      the
      property of Borrower, (ii) the entry of an order for relief or the filing of
      a
      petition by or against Borrower under the provisions of any bankruptcy or
      insolvency law, (iii) any assignment for the benefit of creditors by or against
      Borrower, or (iv) the insolvency of Borrower. 

    

    Upon
      the
      occurrence of any Event of Default that is not cured within any applicable
      cure
      period, if any, Lender may elect, by written notice delivered to Borrower,
      to
      take at any time any or all of the following actions: (i) declare this Note
      to
      be forthwith due and payable (“Note
      Payment Declaration”),
      whereupon the entire unpaid Loan Principal, together with the unpaid applicable
      outstanding Initial Loan Premium and Additional Loan Fee (if applicable) owed
      to
      the Lender, and all other cash obligations hereunder, shall become forthwith
      due
      and payable, without presentment, demand, protest or any other notice of any
      kind, all of which are hereby expressly waived by Borrower, anything contained
      herein to the contrary notwithstanding, and (ii) exercise any and all other
      remedies provided hereunder or available at law or in equity.
      In the
      event of a Note Payment Declaration, in addition to the entire unpaid Loan
      Principal and the unpaid applicable outstanding Initial Loan Premium, the total
      amount due and payable to Borrower shall also include the Additional Loan Fee
      (if applicable), which fee shall continue to accrue and increase after the
      Note
      Payment Declaration and until Full Repayment is received by
      Borrower.

    

    8. Miscellaneous.

    

    8.1. Successors
      and Assigns.
      Subject
      to the exceptions specifically set forth in this Note, the terms and conditions
      of this Note shall inure to the benefit of and be binding upon the respective
      executors, administrators, heirs, successors and assigns of the
      parties.

     

    8.2. Loss
      or Mutilation of Note.
      Upon
      receipt by Borrower of evidence satisfactory to Borrower of the loss, theft,
      destruction or mutilation of this Note, together with indemnity reasonably
      satisfactory to Borrower, in the case of loss, theft or destruction, or the
      surrender and cancellation of this Note, in the case of mutilation, Borrower
      shall execute and deliver to Lender a new promissory note of like tenor and
      denomination as this Note.

     

    
      
        
        

      

      
        2

        
          

        

      

      
        
        

      

    

    8.3 Notices.
      Any
      notice, demand, offer, request or other communication required or permitted
      to
      be given pursuant to the terms of this Note shall be in writing and shall be
      deemed effectively given the earlier of (i) when received, (ii) when delivered
      personally, (iii) one Business Day after being delivered by facsimile (with
      receipt of appropriate confirmation), (iv) one Business Day after being
      deposited with an overnight courier service, or (v) four Business Days after
      being deposited in the U.S. mail as Certified Mail with postage prepaid with
      return receipt requested, and addressed to the recipient at the addresses set
      forth below unless another address is provided to the other party in
      writing: 

     

    If
      to
      Borrower, to:

    

    Well
      Chance Investments Limited

    C/O
      Jeffrey Dash

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

    Jia3
      Yongandongli, Jianguomenwai Avenue

    Chaoyang
      District, Beijing 100022

    People’s
      Republic of China 

    Tel: 
      +86 10 5879 4890

    Fax:
      +86
      10 5879 4228

    

    if
      to
      Lender, to:

    

    RMK
      Emerging Growth Opportunity Fund LP

    Attn:
      Mr.
      Adam M. Roseman

    9440
      Little Santa Monica Blvd., Suite 401

    Beverly
      Hills, CA  90210

    Tel:
      (310) 402-5901

    Fax:
      (310) 402-5932

    

    8.4 Governing
      Law.
      This
      Note shall be governed in all respects by the laws of the State of California
      as
      applied to agreements entered into and performed entirely within the State
      of
      California by residents thereof, without regard to any provisions thereof
      relating to conflicts of laws among different jurisdictions.

    

    8.5 Waiver
      and Amendment.
      Any
      term of this Note may be amended, waived or modified only with the written
      consent of Borrower and Lender.

    

    8.6 Remedies;
      Costs of Collection; Attorneys' Fees.
      No
      delay or omission by Lender in exercising any of its rights, remedies, powers
      or
      privileges hereunder or at law or in equity and no course of dealing between
      Lender and the undersigned or any other person shall be deemed a waiver by
      Lender of any such rights, remedies, powers or privileges, even if such delay
      or
      omission is continuous or repeated, nor shall any single or partial exercise
      of
      any right, remedy, power or privilege preclude any other or further exercise
      thereof by Lender or the exercise of any other right, remedy, power or privilege
      by Lender. The rights and remedies of Lender described herein shall be
      cumulative and not restrictive of any other rights or remedies available under
      any other instrument, at law or in equity. If an Event of Default occurs,
      Borrower agrees to pay, in addition to the Loan and the applicable Total Loan
      Fees payable thereon, reasonable attorneys' fees and any other reasonable costs
      incurred by Lender in connection with its pursuit of its remedies under this
      Note.

    

    *
      * * * *
      *

    
      
        
        

      

      
        3

        
          

        

      

      
        
        

      

    

    IN
      WITNESS WHEREOF, Borrower has caused this Note to be signed on the Effective
      Date.

    

    
      	
              BORROWER:

            
	 	 
	
              WELL
                CHANCE INVESTMENTS LIMITED

            
	 	 
	 	 
	
              By:

            	
              /s/
                Jeffrey Dash

            
	 	
              Jeffrey
                Dash,

            
	 	
              Chief
                Executive Officer

            

    

     

    
      
        
        

      

      
        4

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