Document:

LOAN
      AGREEMENT

     

    THIS
      LOAN
      AGREEMENT (this "Agreement")
      is
      executed as of April 21, 2008 (the "Effective
      Date")
      by and
      among Well Chance Investments Limited, a company incorporated in the British
      Virgin Islands (the "Company")
      and
      Newport Capital Asset Management Group, a California corporation ("Newport")
      (each
      a "Party"
      and
      collectively the "Parties").

     

    WHEREAS,
      the Company recently completed a reverse merger (the "Merger")
      with
      Legend Media, Inc., a Nevada corporation ("Legend"),
      whereby the Company became the wholly-owned subsidiary and operating business
      of
      Legend (the "Transaction");

     

    WHEREAS,
      as additional funding for the Company's fees and expenses for the Transaction
      and a post-merger Equity Financing, the Company wishes to borrow two hundred
      thousand dollars ($200,000) from Newport as a short term bridge loan; and

     

    WHEREAS,
      Newport 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 considerationA, the receipt and
      sufficiency of which are hereby acknowledged, the Company and Newport, 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:

     

    "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;

     

    "Equity
      Financing"
      means
      the issuance and sale after the date hereof of equity or equity-linked
      securities by the Company or Legend 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).

     

    ARTICLE
      2

    THE
      LOAN

     

    2.1  Loan.
      According to the terms and subject to the conditions of this Agreement, Newport
      shall make a single-installment loan to the Company on the Effective Date in
      the
      amount of $200,000 (the "Loan").
      The
      Loan shall be evidenced by a secured convertible promissory note in the form
      attached hereto as Exhibit
      A
      ("Note"),
      duly
      executed on behalf of the Company and dated as of the Effective
      Date.

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

     

    2.2  Repayment.
      The
      Company shall repay the Loan to Newport 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 Newport as of the closing date of the Equity
      Financing shall be delivered by the Company to Newport no later than five
      Business Days after the closing date of the Equity Financing. The full repayment
      amount that the Company shall be required to deliver to Newport in the event
      of
      a closing of an Equity Financing shall be calculated in accordance with the
      terms set forth in Sections 2.3(b), 2.3(c) and 2.3(d) below.

     

    (b) Initial
      Payment Period Repayments.
      The
      total amount due and payable to Newport (regardless of whether or not there
      is a
      closing of an Equity Financing) if such repayment is delivered to Newport on
      or
      before the 120th
      calendar
      day after the Effective Date shall be the sum of the Loan (the "Loan
      Principal")
      plus a
      loan fee of 30% of the amount of the Loan Principal (the "Initial
      Loan Premium").
      For
      example, if the Loan Principal were $200,000, then the Loan Principal and
      Initial Loan Premium would be a total of $260,000. Any funds received by Newport
      as a partial repayment of the Loan ("Partial
      Repayment")
      on or
      before the 120th
      calendar
      day after the Effective Date shall be applied toward repayment as
      follows:

     

    (i) 76.9%
      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) 23.1%
      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 Newport at least three 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 120th
      calendar
      day after the Effective Date, then, in addition to the remaining outstanding
      Loan Principal and Initial Loan Premium due, the total amount due and payable
      to
      Newport 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 121st
      calendar
      day after the Effective Date and for the 29-day period ("Initial
      30-day Period")
      thereafter, shall be ten percent (10%) of the remaining outstanding Loan
      Principal at the time repayment is made. In addition, the Additional Loan Fee
      percentage amount shall increase by ten percent (10%) for the 30-day period
      subsequent to the Initial 30-day Period and shall continue to increase by two
      percent (2%) for each 30-day period thereafter until the Company makes full
      repayment of all of the remaining outstanding Loan Principal, Initial Loan
      Premium, and Additional Loan Fee owed to Newport as of the date on which the
      full repayment is made. (The Initial 30-day Period and all subsequent 30-day
      periods are hereinafter collectively referred to as the "Subsequent
      Periods".)
      Any
      Partial Repayments delivered to Newport during Subsequent Periods shall be
      applied proportionately toward repayment in accordance with the amounts of:
      (i)
      the remaining outstanding Loan Principal; (ii) the remaining outstanding Initial
      Loan Premium; and (iii) 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, $76,900 of such Partial Repayment will
        be
        applied toward payment of the outstanding Loan Principal (thus reducing the
        amount outstanding owed for Loan Principal from $200,000 to $123,100), and
        $23,100 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 $60,000 to $36,900).

    

     

    
      
        
        

      

      
        2

        
          

        

      

      
        
        

    

    (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);

    

    (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); 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).3 

     

    (e) Failure
      to Pay.
      In the
      event that full repayment is not received on or before the 180th
      calendar
      day after the Effective 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 Newport 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 2.2(d)) during the
      Subsequent Periods until full repayment is received by Newport.

     

    
      
        

      

    

    
      
        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.
          10%
          during Initial 30-day Period, or 20% during first 30-day period after the
          Initial 30-day Period)

        

        P
          = total
          Partial Repayment amount made

        

        T
          = A
          + B +
          C

         

        
          3
            For
            example and continuing with the hypothetical described in footnote 1
            above,
            assume that the Company makes another $100,000 Partial Repayment to Newport
            during the Initial 30-day Period. The portion of the $100,000 Partial
            Repayment
            to be allocated toward payment of the remaining outstanding Loan Principal
            would
            equal $71,441.01 (thus further reducing the remaining outstanding Loan
            Principal
            from $123,100 to $51,658.99). The portion of the $100,000 Partial Repayment
            to
            be allocated toward payment of the remaining outstanding Initial Loan
            Premium
            would equal $21,414.89 (thus further reducing the remaining outstanding
            Initial
            Loan Premium from $36,900 to $15,485.11). The portion of the $100,000
            Partial
            Repayment that would be applied toward payment of the total outstanding
            Additional Loan Fee due would equal $7,144.10.

           

        

      

    

    
      
        
        

      

      
        3

        
          

        

      

      
        
        

      

    

     

    2.3     
      Conversion.
      

    

    (a) Conversion
      Price.
      All
      (but not less than all) of the outstanding Loan Principal, Initial Loan Premium
      and Additional Loan Fee (if applicable) may be converted at any time by Newport
      into common stock, $.001 par value per share ("Common
      Stock"),
      of
      Legend based upon the following (as applicable, the "Conversion
      Price"):

    

    (i) In
      the
      event the conversion takes place within 120 days of the Effective Date, the
      conversion price per share of Common Stock shall be $4.50; 

    

    (ii) In
      the
      event the conversion takes place between 121 and 150 days after the Effective
      Date, the conversion price per share of Common Stock shall be $5.50;
      and

    

    (iii) In
      the
      event the conversion takes place 150 or more days after the Effective Date,
      the
      conversion price per share of Common Stock shall be $6.50.

    

    (b) Conversion
      Procedure.

    

    (i) Notice
      of Conversion.
      If
      Newport elects to convert the Loan Principal, Initial Loan Premium and
      Additional Loan Fee (if applicable) pursuant to Section 2.3, Newport shall
      deliver to the Company written notice of its conversion ("Conversion
      Notice")
      at
      least 10 business days (but no more than 30 days) prior to the date of such
      conversion. The Conversion Notice shall set forth (A) the Loan Principal,
      Initial Loan Premium and Additional Loan Fee (if applicable) to be converted
      (which shall be all, but not less than all, of the Loan Principal, Initial
      Loan
      Premium and Additional Loan Fee (if applicable) outstanding on the conversion
      date), (B) the date on which such conversion will occur and (C) the name or
      names to appear on the certificate(s) representing the shares of Common Stock
      and the number of shares for each certificate if more than one is to be
      issued.

    

    (ii) Delivery
      of Stock Certificates; Surrender of Note.
      As
      promptly as practicable after the conversion of the Loan, the Company shall
      cause Legend to issue and deliver to Newport a certificate(s) for the number
      of
      full shares of Common Stock issuable upon such conversion.
      Upon the
      conversion of the Loan, Newport shall surrender the Note, duly endorsed, at
      the
      principal office of the Company. 

    

    (iii) Fractional
      Shares.
      No
      fractional shares of the Common Stock shall be issued upon conversion of the
      Loan. In lieu of Legend issuing any fractional shares to Newport upon the
      conversion of the Loan, the number of shares of Common Stock to be issued shall
      be rounded down to the nearest whole number of shares. 

     

    
      
        
        

      

      
        4

        
          

        

      

      
        
        

      

    

     

    ARTICLE
      3

    CONDITIONS
      PRECEDENT TO THE LOAN

     

    3.1  Conditions
      on the Effective Date.
      The
      obligation of Newport 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 3.1 are not met on or prior to the
      Effective Date, then Newport shall have no obligation to make the Loan.

     

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

     

    (b)  The
      Company shall have duly authorized, executed, and delivered to Newport a
      security agreement in the form attached hereto as Exhibit
      B
      (the
      "Security
      Agreement")
      to
      secure the repayment of the Loan and granting Newport 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 Newport in the Security Agreement a security interest in all proceeds
      received by the Company generated by such assets) (the "Security
      Interest").
      The
      Parties acknowledge that the Security Interest shall be of the same priority
      as
      the security interest previously granted to RMK pursuant to the
      Financing.

     

    (c)  Newport
      shall have received on or before the Effective Date an Officer's Certificate
      in
      the form attached hereto as Exhibit C,
      dated
      as of the Effective Date. 

     

    (d)  RMK
      shall
      have duly executed and delivered to Newport the Side Agreement Regarding
      Security Interest in the form attached hereto as Exhibit
      D
      pursuant
      to which RMK agrees that the Security Interest has the same priority as security
      interests previously granted to RMK pursuant to the Financing.

     

    (e)  Legend
      shall have duly executed and delivered to Newport the Warrant. 

     

    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 Effective Date, the Company will deliver to Newport
      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. 

     

    
      
        
        

      

      
        5

        
          

        

      

      
        
        

      

    

     

    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 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 Newport and
      constitute true and complete copies thereof and include all amendments,
      schedules, appendices, supplements or modifications thereto or waivers
      thereunder.

     

    
      
        
        

      

      
        6

        
          

        

      

      
        
        

      

    

     

    ARTICLE
      5

    COVENANTS

     

    5.1  Negative
      Covenants of the Company.
      The
      Company covenants and agrees that, from the Effective Date until the date on
      which Newport 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 Newport, the Company will not:

     

    (a)  except
      for the Company's or Legend'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 Effective 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 Effective Date until the date on
      which Newport 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 conduct 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.

     

    
      
        
        

      

      
        7

        
          

        

      

      
        
        

      

    

     

    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 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 Newport
      on
      or before the 180th
      day
      after the Effective 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 Newport within five Business Days of the closing date of the Equity
      Financing as set forth and in accordance with Section 2.2(a)
      herein.

     

    6.2  Effect
      of Default.
      Upon
      the occurrence of any Event of Default that is not cured within any applicable
      cure period, Newport may elect, by written notice delivered to the Company,
      to
      take any or all of the following actions: (a) 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 Newport, 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 (b) 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 make any payment on any other outstanding indebtedness
      of
      the Company (other than indebtedness of the Company to which Newport holds
      a
      majority of principal under the Loan) unless the Parties have agreed in writing
      to subordinate this Agreement and the Note hereunder. 

     

    
      
        
        

      

      
        8

        
          

        

      

      
        
        

      

    

     

    ARTICLE
      7

    WARRANT

     

    7.1    
       Issuance
      of Warrant.
      On the
      Effective Date, the Company shall cause Legend to issue to Newport a Common
      Stock Purchase Warrant (the "Warrant")
      substantially in the form attached hereto as Exhibit
      E.
      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 Newport may receive shall
      equal up to 40,000 shares of Common Stock.

    

    7.2      
      Registration
      of Shares Underlying Warrant. 

     

    (a) If,
      at
      any time commencing on the Effective Date until the second anniversary thereof,
      the Company or Legend 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 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 Legend 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 Legend 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 Legend 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 Newport provided that Newport
      complies with all applicable federal and state securities laws. In the event
      of
      an assignment by Newport, each of the parties to this Agreement acknowledge
      and
      agree that Newport's assignee is assigned and takes over all rights,
      obligations, responsibilities, duties, remedies, powers and privileges under
      this Agreement from Newport.

     

    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, Newport'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 Newport, to:

                

                Newport
                  Capital Asset Management

                Attn:
                  John Vasquez, Managing Director

                15
                  Corporate Plaza Dr, Suite 110

                Newport
                  Beach, CA 92660

                Tel:
                  (949) 759-5006

                Fax:
                  (949) 759-5007

              

      

    

     

    
      
        
        

      

      
        9

        
          

        

      

      
        
        

      

    

    
      
         

        
          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 Newport.

       

    

    8.7  Remedies.
      No
      delay or omission by Newport in exercising any of its rights, remedies, powers
      or privileges hereunder or at law or in equity and no course of dealing between
      Newport and the undersigned or any other person shall be deemed a waiver by
      Newport 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 Newport or the exercise of any other right, remedy, power or
      privilege by Newport. The rights and remedies of Newport 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.

     

    *
      * * *
      *

     

    
      
        
        

      

      
        10

        
          

        

      

      
        
        

      

    

     

    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 

              

              

              NEWPORT
                CAPITAL ASSET MANAGEMENT

              

              

              By:
                /s/ John
                Vasquez                                               
                

              John
                Vasquez

              President/Managing
                Director

            

    

     

    
      
        
        

      

      
        11

        
          

        

      

      
        
        

      

    

     

    CAPITALIZATION

     

    
      
        	Common Stock Issued and
                Outstanding 	
                8,200,000

              
	Options	
                960,000

              
	Warrants	
                930,000

              

      

    

     

    
      
        
        

      

      
        12

        
          

        

      

      
        
        

      

    

     

    EXHIBIT
      A

    FORM
      OF PROMISSORY NOTE

    

    See
      attached.

    

     

    
      
        
        

      

      
        13

        
          

        

      

      
        
        

      

    

    EXHIBIT
      B

    FORM
      OF SECURITY AGREEMENT

    

    See
      attached.

    

    
      
        
        

      

      
        14

        
          

        

      

      
        
        

      

    

    EXHIBIT
      C

    FORM
      OF OFFICER'S CERTIFICATE

    

    Intentionally
      Omitted

     

    
      
        
        

      

      
        15

        
          

        

      

      
        
        

      

    

    EXHIBIT
      D

    

    FORM
      OF SIDE AGREEMENT REGARDING SECURITY INTEREST

    

    Intentionally
      Omitted

     

    
      
        
        

      

      
        16

        
          

        

      

      
        
        

      

    

     

    EXHIBIT
      E

    

    FORM
      OF COMMON STOCK PURCHASE WARRANT

    

    See
      attached.

    

    
      
        
        

      

      
        17SECURED
      CONVERTIBLE PROMISSORY NOTE

    

    Beijing,
      People's Republic of China

    Dated
      as
      of April 21, 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 Newport Capital Asset Management Group,
      a
      California corporation  ("Lender"),
      in
      lawful money of the United States at the address of Lender set forth herein,
      the
      principal amount of $200,000 (the "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").
      

    

    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 2.2 of the Loan
      Agreement.

    

    3.  Conversion.
      The
      Loan may be converted into common stock, par value $.001 per share, of the
      Company by Lender pursuant to the terms of Section 2.3 of the Loan
      Agreement.

    

    4.  Secured
      Indebtedness.
      The
      indebtedness represented by this Note is secured pursuant to the Security
      Agreement dated as of the Effective Date in favor of Lender. 

    

    5.  Application
      of Payments.
      

    

    5.1.  Except
      as
      otherwise expressly provided herein, payments under this Note shall be applied
      according to the terms set forth in Section 2.2 of the Loan
      Agreement.

    

    5.2.  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.

     

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

    

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

    

    8.  Events
      of Default.
      The
      occurrence of the events described in either Sections 8.3 or 8.4 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 8.1 and 8.2 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:

     

    
      
        
        

      

      
        2

        
          

        

      

      
        
        

      

    

     

    8.1 The
      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
      the
      180th
      day
      after the Effective Date.

    

    8.2 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 2.2(a) of the Loan
      Agreement.

    

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

    

    8.4 (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
      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 after the Note Payment
      Declaration and until Full Repayment is received by Borrower pursuant to Section
      2.2(d) of the Loan Agreement.

    

    9.  Miscellaneous.

    

    9.1.  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.

     

    9.2.  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.

     

    
      
        
        

      

      
        3

        
          

        

      

      
        
        

      

    

     

    9.3 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 Newport, to:

                

                Newport
                  Capital Asset Management

                Attn:
                  John Vasquez, Managing Director

                15
                  Corporate Plaza Dr, Suite 110

                Newport
                  Beach, CA 92660

                Tel:
                  (949) 759-5006

                Fax:
                  (949) 759-5007

              

      

    

    

    

    9.4 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.

    

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

    

    9.6 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.

    

    *
      * * * *
      *

     

    
      
        
        

      

      
        4

        
          

        

      

      
        
        

      

    

     

    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

            

    

    

     

    
      
        
        

      

      
        5

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