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<title>CHINA MEDIA GROUP CORPORATION</title>
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<p ALIGN="CENTER"><font face="Times New Roman">UNITED STATES<br>
SECURITIES AND EXCHANGE COMMISSION<br>
WASHINGTON, D.C. 20549<br>
__________________</font></p>

<p ALIGN="CENTER"><font face="Times New Roman">FORM 8-K</font></p>

<p ALIGN="CENTER"><font face="Times New Roman">CURRENT REPORT</font></p>
</b>

<p ALIGN="CENTER"><font face="Times New Roman">PURSUANT TO SECTION 13 OR 15(d) of the<br>
SECURITIES EXCHANGE ACT OF 1934<br>
__________________</font></p>

<p ALIGN="CENTER"><font face="Times New Roman">Date of Report (Date of earliest event
reported): May 21, 2009</font></p>
</font><font SIZE="4"><u><b>

<p ALIGN="CENTER"><font face="Times New Roman">CHINA MEDIA GROUP CORPORATION<br>
</b></u><font SIZE="3">(Exact Name of Registrant as Specified in Charter)</font></font></p>
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    <td WIDTH="37%" VALIGN="bottom" height="20"><font SIZE="3"><u><b><p ALIGN="CENTER"><font
    face="Times New Roman">Texas<br>
    </font></b></u></font><font face="Times New Roman" SIZE="3">(State or other jurisdiction<u><b><br>
    </b></u>of incorporation)</font></td>
    <td WIDTH="32%" VALIGN="bottom" height="20"><font SIZE="3"><u><b><p ALIGN="CENTER"><font
    face="Times New Roman">5813<br>
    </font></b></u></font><font face="Times New Roman" SIZE="3">(Commission<u><b><br>
    </b></u>File Number)</font></td>
    <td WIDTH="32%" VALIGN="bottom" height="20"><font SIZE="3"><u><b><p ALIGN="CENTER"><font
    face="Times New Roman">75-3016844<br>
    </font></b></u></font><font face="Times New Roman" SIZE="3">(IRS Employer<u><b><br>
    </b></u>Identification No.)</font></td>
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    <td WIDTH="32%" VALIGN="bottom" height="20"></td>
    <td WIDTH="32%" VALIGN="bottom" height="20"></td>
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    <td WIDTH="65%" VALIGN="BOTTOM" HEIGHT="42"><font SIZE="3"><u><b><p ALIGN="CENTER"><font
    face="Times New Roman">1403 Wan Chai Commercial Center, 194-204 Johnston Road, Wanchai,
    Hong Kong</font></b></u></font></td>
    <td WIDTH="35%" VALIGN="BOTTOM" HEIGHT="42"><font SIZE="3"><u><b><p ALIGN="CENTER"><font
    face="Times New Roman">n/a</font></b></u></font></td>
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    <td WIDTH="65%" VALIGN="BOTTOM"><font SIZE="3"><p ALIGN="CENTER"><font
    face="Times New Roman">(Address of principal executive offices)</font></font></td>
    <td WIDTH="35%" VALIGN="BOTTOM"><font SIZE="3"><p ALIGN="CENTER"><font
    face="Times New Roman">(Zip code)</font></font></td>
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    <td WIDTH="65%" VALIGN="BOTTOM"></td>
    <td WIDTH="35%" VALIGN="BOTTOM"></td>
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    <td WIDTH="65%" VALIGN="BOTTOM"><font SIZE="3"><p ALIGN="CENTER"><font
    face="Times New Roman">Registrant's telephone number, including area code:</font></font></td>
    <td WIDTH="35%" VALIGN="BOTTOM"><font SIZE="3"><b><p ALIGN="CENTER"><font
    face="Times New Roman">+011 852 3171 1208 (ext. 222)</font></b></font></td>
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    <td VALIGN="top" HEIGHT="18"><font SIZE="3"><p ALIGN="JUSTIFY"><font
    face="Times New Roman">Check the appropriate box below if the Form 8-K filing is intended
    to simultaneously satisfy the filing obligation of the registrant under any of the
    following provisions:</font></font></td>
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    <td VALIGN="top" height="18"><font face="Times New Roman" SIZE="3">&nbsp;&nbsp;[&nbsp;&nbsp;&nbsp;]&nbsp;&nbsp;Written communications
    pursuant to Rule 425 under the Securities Act (17 CFR 230.425)</font></td>
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    <td VALIGN="top" height="18"><font face="Times New Roman" SIZE="3">&nbsp;&nbsp;[&nbsp;&nbsp;&nbsp;]&nbsp;&nbsp;Soliciting material
    pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)</font></td>
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    <td VALIGN="top" height="18"><font SIZE="2"><p ALIGN="JUSTIFY"></font><font
    face="Times New Roman" SIZE="3">&nbsp;&nbsp;[&nbsp;&nbsp;&nbsp;]&nbsp;&nbsp;Pre-commencement communications pursuant to Rule 14d-2(b)
    under the Exchange Act (17 CFR 240.14d-2(b))</font></td>
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    <td VALIGN="top" height="18"><font SIZE="2"><p ALIGN="JUSTIFY"></font><font
    face="Times New Roman" SIZE="3">&nbsp;&nbsp;[&nbsp;&nbsp;&nbsp;]&nbsp;&nbsp;Pre-commencement communications pursuant to Rule 13e-4(c)
    under the Exchange Act&nbsp; (17 CFR240.13e-4(c))</font></td>
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    <td WIDTH="14%" VALIGN="top" HEIGHT="18"><font SIZE="3"><b><p ALIGN="JUSTIFY"><font
    face="Times New Roman">Item 1.01</font></b></font></td>
    <td WIDTH="86%" VALIGN="top" HEIGHT="18"><font SIZE="3"><b><p ALIGN="JUSTIFY"><font
    face="Times New Roman">Entry into a Material Definitive Agreement</font></b></font></td>
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    <td WIDTH="14%" VALIGN="top" HEIGHT="18"></td>
    <td WIDTH="86%" VALIGN="top" HEIGHT="18"></td>
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    <td WIDTH="100%" VALIGN="top" HEIGHT="18" colspan="2"><font face="Times New Roman"
    SIZE="3"><p ALIGN="JUSTIFY"><font face="Times New Roman">On May 21, 2009, Good World
    Investments Limited ("GWIL"), a wholly owned subsidiary of China Media Group
    Corporation ("CMG"or "Company"), entered into a Shareholders' Agreement
    ("Shareholders' Agreement") with Advance Tech Communications Sdn. Bhd.
    ("Advance Tech"), a private limited company incorporated in Malaysia for the
    worldwide distribution rights including Greater China when the current distribution
    agreement expires for Greater China, for all products developed by Advance Tech. The
    Greater China distribution rights are held by another subsidiary of CMG under a
    distribution agreement executed in 2006. Advance Tech is a research and development
    company in convergent mobile communication devices. Under the Shareholders' Agreement,
    GWIL and ATC will set up a Special Purpose Vehicle, named ATC Marketing Limited
    ("ATCM") for the purpose to undertake the business objectives of marketing,
    selling and distributing all of Advance Tech's developed product on an exclusive basis
    worldwide. </font></td>
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    <td WIDTH="86%" VALIGN="top" HEIGHT="18"></td>
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    <td WIDTH="100%" VALIGN="top" HEIGHT="18" colspan="2"><font face="Times New Roman"
    SIZE="3"><p ALIGN="JUSTIFY"><font face="Times New Roman">Pursuant to the Shareholders'
    Agreement, GWIL and Advance Tech each holds a 50% equity interests in ATCM. GWIL shall
    have the right to appoint and remove up to 3 directors and Advance Tech shall have the
    right to appoint and remove up to 2 directors.</font></font></td>
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    <td WIDTH="86%" VALIGN="top" HEIGHT="18"></td>
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    <td WIDTH="100%" VALIGN="top" HEIGHT="18" colspan="2"><font face="Times New Roman"
    SIZE="3"><p ALIGN="JUSTIFY"><font face="Times New Roman">In addition, GWIL shall, in its
    best efforts from the capital markets contribute up to a maximum of US$1,000,000 over a
    two year period as a loan into ATCM, and Advance Tech shall contribute its Product Rights
    to ATCM and it will receive a 3.5% royalty fee of the gross profits earned by ATCM from
    the sale of products developed by ATC and a 5% profit sharing fee of the net profits as
    reported in the audited accounts of ATCM.</font></font></td>
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    <td WIDTH="86%" VALIGN="top" HEIGHT="18"></td>
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    <td WIDTH="14%" VALIGN="TOP" HEIGHT="30"><font SIZE="3"><b><p ALIGN="JUSTIFY"><font
    face="Times New Roman">Item 9.01</font></b></font></td>
    <td WIDTH="86%" VALIGN="TOP" HEIGHT="30"><font SIZE="3"><b><p ALIGN="JUSTIFY"><font
    face="Times New Roman">Financial Statements and Exhibits</font></b></font></td>
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    <td WIDTH="14%" VALIGN="TOP" HEIGHT="30"><font SIZE="3"><p ALIGN="JUSTIFY"><font
    face="Times New Roman">(a)</font></font></td>
    <td WIDTH="86%" VALIGN="TOP" HEIGHT="30"><font SIZE="3"><p ALIGN="JUSTIFY"><font
    face="Times New Roman">Not applicable</font></font></td>
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    <td WIDTH="14%" VALIGN="TOP" HEIGHT="30"><font SIZE="3"><p ALIGN="JUSTIFY"><font
    face="Times New Roman">(b)</font></font></td>
    <td WIDTH="86%" VALIGN="TOP" HEIGHT="30"><font SIZE="3"><p ALIGN="JUSTIFY"><font
    face="Times New Roman">Not applicable</font></font></td>
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    <td WIDTH="14%" VALIGN="TOP" HEIGHT="30"><font SIZE="3"><p ALIGN="JUSTIFY"><font
    face="Times New Roman">(c)</font></font></td>
    <td WIDTH="86%" VALIGN="TOP" HEIGHT="30"><font SIZE="3"><p ALIGN="JUSTIFY"><font
    face="Times New Roman">Exhibit No. Description </font>  <font face="Times New Roman">See
    table below.</font></font></td>
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    <td WIDTH="14%" VALIGN="TOP" HEIGHT="30"></td>
    <td WIDTH="86%" VALIGN="TOP" HEIGHT="30"></td>
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    <td WIDTH="14%" VALIGN="TOP" BGCOLOR="#c0c0c0"><font face="Times New Roman" SIZE="3"><b>Exhibit</b></font></td>
    <td WIDTH="64%" VALIGN="TOP" BGCOLOR="#c0c0c0"><font face="Times New Roman" SIZE="3"><b>Description</b></font></td>
    <td WIDTH="22%" VALIGN="TOP" BGCOLOR="#c0c0c0"><font face="Times New Roman" SIZE="3"><b>Location</b></font></td>
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    <td WIDTH="14%" VALIGN="TOP"><font SIZE="3"><p ALIGN="CENTER"><font face="Times New Roman">Exhibit
    10.1</font></font></td>
    <td WIDTH="64%" VALIGN="TOP"><font SIZE="3"><p ALIGN="JUSTIFY"><font
    face="Times New Roman">Shareholders' Agreement</font></font></td>
    <td WIDTH="22%" VALIGN="TOP"><font SIZE="3"><p ALIGN="JUSTIFY"><font
    face="Times New Roman">Provided herewith</font></font></td>
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</table>
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<p ALIGN="CENTER"><font face="Times New Roman">SIGNATURES</font></p>
</b></font><div align="center"><center>

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    <td WIDTH="100%" VALIGN="TOP" colspan="2"><font face="Times New Roman" SIZE="3"><p
    ALIGN="JUSTIFY">Pursuant to the requirements of the Securities Exchange Act of 1934, as
    amended, the Registrant has duly caused this Current Report to be signed on its behalf by
    the undersigned hereunto duly authorized.</font></td>
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    <td WIDTH="55%" VALIGN="TOP" HEIGHT="18"></td>
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    <td WIDTH="45%" VALIGN="TOP"><font face="Times New Roman" SIZE="3">Date: May 26, 2009</font></td>
    <td WIDTH="55%" VALIGN="TOP"><font face="Times New Roman" SIZE="3"><b>CHINA MEDIA GROUP
    CORPORATION</b></font></td>
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    <td WIDTH="45%" VALIGN="TOP" HEIGHT="18"></td>
    <td WIDTH="55%" VALIGN="TOP" HEIGHT="18"></td>
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    <td WIDTH="45%" VALIGN="TOP" HEIGHT="18"></td>
    <td WIDTH="55%" VALIGN="TOP" HEIGHT="18"></td>
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    <td WIDTH="45%" VALIGN="TOP"></td>
    <td WIDTH="55%" VALIGN="TOP"><font face="Times New Roman" SIZE="3">By: <i>/s/ Con Unerkov</i></font></td>
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    <td WIDTH="45%" VALIGN="TOP"></td>
    <td WIDTH="55%" VALIGN="TOP"><font face="Times New Roman" SIZE="3">---------------------------------</font></td>
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    <td WIDTH="45%" VALIGN="TOP"></td>
    <td WIDTH="55%" VALIGN="TOP"><font face="Times New Roman" SIZE="3">Name: Con Unerkov</font></td>
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    <td WIDTH="45%" VALIGN="TOP"></td>
    <td WIDTH="55%" VALIGN="TOP"><font face="Times New Roman" SIZE="3">Title: President</font></td>
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    <td WIDTH="45%" VALIGN="TOP" HEIGHT="18"></td>
    <td WIDTH="55%" VALIGN="TOP" HEIGHT="18"></td>
  </tr>
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style="BORDER-TOP: #000000 4px solid; PAGE-BREAK-AFTER: always; BORDER-BOTTOM: #000000 1px solid; HEIGHT: 6px"
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    <td WIDTH="100%" VALIGN="TOP"><p ALIGN="left"></font><font face="Times New Roman" SIZE="3"><b>Exhibit
    10.1</b></font></td>
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<p ALIGN="CENTER"> </p>
</u>

<p ALIGN="CENTER"><u><font face="Times New Roman">DATED
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; MAY 2009</font></u></p>

<p ALIGN="CENTER"> </p>

<p ALIGN="CENTER"> </p>

<p ALIGN="CENTER"> </p>

<p ALIGN="CENTER"><font face="Times New Roman">(1) GOOD WORLD INVESTMENTS LIMITED</font></p>

<p ALIGN="CENTER"> </p>

<p ALIGN="CENTER"><font face="Times New Roman">(2) ADVANCE TECH COMMUNICATIONS SDN. BHD.</font></p>

<p ALIGN="CENTER"><font face="Times New Roman">AND</font></p>

<p ALIGN="CENTER"><font face="Times New Roman">ATC MARKETING LIMITED</font></p>

<p ALIGN="CENTER"> </p>

<p ALIGN="CENTER"> </p>

<p ALIGN="CENTER"> </p>

<p ALIGN="CENTER"> </p>

<p ALIGN="CENTER"><font face="Times New Roman">______________________________________________<br>
</font></p>

<p ALIGN="CENTER"><font face="Times New Roman">SHAREHOLDERS' AGREEMENT</font></p>

<p ALIGN="CENTER"><font face="Times New Roman">______________________________________________</font></p>

<p ALIGN="CENTER"> </p>

<p ALIGN="CENTER"> </p>

<p ALIGN="CENTER"> </p>

<p ALIGN="CENTER"> </p>
</b></font>

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<u><font SIZE="2">

<p ALIGN="JUSTIFY"> </p>

<blockquote>
  <blockquote>
  </blockquote>
</blockquote>
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    <td WIDTH="18%" VALIGN="TOP"><font SIZE="3"><u><b><p ALIGN="CENTER"><font
    face="Times New Roman">Number</font></b></u></font></td>
    <td WIDTH="63%" VALIGN="TOP" COLSPAN="2"><font SIZE="3"><u><b><p ALIGN="JUSTIFY"><font
    face="Times New Roman">Clause Headings</font></b></u></font></td>
    <td WIDTH="19%" VALIGN="TOP"><font SIZE="3"><u><b><p ALIGN="CENTER"><font
    face="Times New Roman">Page</font></b></u></font></td>
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    <td WIDTH="18%" VALIGN="TOP"></td>
    <td WIDTH="63%" VALIGN="TOP" COLSPAN="2"></td>
    <td WIDTH="19%" VALIGN="TOP"></td>
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    <td WIDTH="18%" VALIGN="TOP"><font SIZE="2"><p ALIGN="CENTER"><font face="Times New Roman">1</font></font></td>
    <td WIDTH="63%" VALIGN="TOP" COLSPAN="2"><font SIZE="3"><p ALIGN="JUSTIFY"><font
    face="Times New Roman">Definitions and Interpretation</font></font></td>
    <td WIDTH="19%" VALIGN="TOP"><font SIZE="2"><p ALIGN="CENTER"><font face="Times New Roman">1</font></font></td>
  </tr>
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    <td WIDTH="18%" VALIGN="TOP"></td>
    <td WIDTH="63%" VALIGN="TOP" COLSPAN="2"></td>
    <td WIDTH="19%" VALIGN="TOP"></td>
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    <td WIDTH="18%" VALIGN="TOP"><font SIZE="2"><p ALIGN="CENTER"><font face="Times New Roman">2</font></font></td>
    <td WIDTH="63%" VALIGN="TOP" COLSPAN="2"><font SIZE="3"><p ALIGN="JUSTIFY"><font
    face="Times New Roman">Business</font></font></td>
    <td WIDTH="19%" VALIGN="TOP"><font SIZE="2"><p ALIGN="CENTER"><font face="Times New Roman">3</font></font></td>
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    <td WIDTH="18%" VALIGN="TOP"><font SIZE="2"><p ALIGN="CENTER"><font face="Times New Roman">3</font></font></td>
    <td WIDTH="63%" VALIGN="TOP" COLSPAN="2"><font SIZE="3"><p ALIGN="JUSTIFY"><font
    face="Times New Roman">Contribution by Shareholders</font></font></td>
    <td WIDTH="19%" VALIGN="TOP"><font SIZE="2"><p ALIGN="CENTER"><font face="Times New Roman">3</font></font></td>
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    <td WIDTH="18%" VALIGN="TOP"><font SIZE="2"><p ALIGN="CENTER"><font face="Times New Roman">4</font></font></td>
    <td WIDTH="63%" VALIGN="TOP" COLSPAN="2"><font SIZE="3"><p ALIGN="JUSTIFY"><font
    face="Times New Roman">Management of the Company</font></font></td>
    <td WIDTH="19%" VALIGN="TOP"><font SIZE="2"><p ALIGN="CENTER"><font face="Times New Roman">4</font></font></td>
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    <td WIDTH="18%" VALIGN="TOP"><font SIZE="2"><p ALIGN="CENTER"><font face="Times New Roman">5</font></font></td>
    <td WIDTH="63%" VALIGN="TOP" COLSPAN="2"><font SIZE="3"><p ALIGN="JUSTIFY"><font
    face="Times New Roman">Transfer of Shares</font></font></td>
    <td WIDTH="19%" VALIGN="TOP"><font SIZE="2"><p ALIGN="CENTER"><font face="Times New Roman">6</font></font></td>
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    <td WIDTH="18%" VALIGN="TOP"><font SIZE="2"><p ALIGN="CENTER"><font face="Times New Roman">6</font></font></td>
    <td WIDTH="63%" VALIGN="TOP" COLSPAN="2"><font SIZE="3"><p ALIGN="JUSTIFY"><font
    face="Times New Roman">General Covenants</font></font></td>
    <td WIDTH="19%" VALIGN="TOP"><font SIZE="2"><p ALIGN="CENTER"><font face="Times New Roman">9</font></font></td>
  </tr>
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    <td WIDTH="18%" VALIGN="TOP"><font SIZE="2"><p ALIGN="CENTER"><font face="Times New Roman">7</font></font></td>
    <td WIDTH="63%" VALIGN="TOP" COLSPAN="2"><font SIZE="3"><p ALIGN="JUSTIFY"><font
    face="Times New Roman">Representations and Warranties</font></font></td>
    <td WIDTH="19%" VALIGN="TOP"><font SIZE="2"><p ALIGN="CENTER"><font face="Times New Roman">9</font></font></td>
  </tr>
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    <td WIDTH="18%" VALIGN="TOP"><font SIZE="2"><p ALIGN="CENTER"><font face="Times New Roman">8</font></font></td>
    <td WIDTH="63%" VALIGN="TOP" COLSPAN="2"><font SIZE="3"><p ALIGN="JUSTIFY"><font
    face="Times New Roman">Dissolution and Termination</font></font></td>
    <td WIDTH="19%" VALIGN="TOP"><font SIZE="2"><p ALIGN="CENTER"><font face="Times New Roman">10</font></font></td>
  </tr>
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    <td WIDTH="18%" VALIGN="TOP"><font SIZE="2"><p ALIGN="CENTER"><font face="Times New Roman">9</font></font></td>
    <td WIDTH="63%" VALIGN="TOP" COLSPAN="2"><font SIZE="3"><p ALIGN="JUSTIFY"><font
    face="Times New Roman">Restrictions</font></font></td>
    <td WIDTH="19%" VALIGN="TOP"><font SIZE="2"><p ALIGN="CENTER"><font face="Times New Roman">10</font></font></td>
  </tr>
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    <td WIDTH="18%" VALIGN="TOP"><font SIZE="2"><p ALIGN="CENTER"><font face="Times New Roman">10</font></font></td>
    <td WIDTH="63%" VALIGN="TOP" COLSPAN="2"><font SIZE="3"><p ALIGN="JUSTIFY"><font
    face="Times New Roman">Further Assurance</font></font></td>
    <td WIDTH="19%" VALIGN="TOP"><font SIZE="2"><p ALIGN="CENTER"><font face="Times New Roman">11</font></font></td>
  </tr>
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    <td WIDTH="18%" VALIGN="TOP"><font SIZE="2"><p ALIGN="CENTER"><font face="Times New Roman">11</font></font></td>
    <td WIDTH="63%" VALIGN="TOP" COLSPAN="2"><font SIZE="3"><p ALIGN="JUSTIFY"><font
    face="Times New Roman">Restrictions on Announcements</font></font></td>
    <td WIDTH="19%" VALIGN="TOP"><font SIZE="2"><p ALIGN="CENTER"><font face="Times New Roman">11</font></font></td>
  </tr>
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    <td WIDTH="18%" VALIGN="TOP"><font SIZE="2"><p ALIGN="CENTER"><font face="Times New Roman">12</font></font></td>
    <td WIDTH="63%" VALIGN="TOP" COLSPAN="2"><font SIZE="3"><p ALIGN="JUSTIFY"><font
    face="Times New Roman">No Partnership</font></font></td>
    <td WIDTH="19%" VALIGN="TOP"><font SIZE="2"><p ALIGN="CENTER"><font face="Times New Roman">11</font></font></td>
  </tr>
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    <td WIDTH="18%" VALIGN="TOP"><font SIZE="2"><p ALIGN="CENTER"><font face="Times New Roman">13</font></font></td>
    <td WIDTH="63%" VALIGN="TOP" COLSPAN="2"><font SIZE="3"><p ALIGN="JUSTIFY"><font
    face="Times New Roman">Conflict with Articles of Association</font></font></td>
    <td WIDTH="19%" VALIGN="TOP"><font SIZE="2"><p ALIGN="CENTER"><font face="Times New Roman">11</font></font></td>
  </tr>
  <tr>
    <td WIDTH="18%" VALIGN="TOP"><font SIZE="2"><p ALIGN="CENTER"><font face="Times New Roman">14</font></font></td>
    <td WIDTH="63%" VALIGN="TOP" COLSPAN="2"><font SIZE="3"><p ALIGN="JUSTIFY"><font
    face="Times New Roman">Costs</font></font></td>
    <td WIDTH="19%" VALIGN="TOP"><font SIZE="2"><p ALIGN="CENTER"><font face="Times New Roman">11</font></font></td>
  </tr>
  <tr>
    <td WIDTH="18%" VALIGN="TOP"><font SIZE="2"><p ALIGN="CENTER"><font face="Times New Roman">15</font></font></td>
    <td WIDTH="63%" VALIGN="TOP" COLSPAN="2"><font SIZE="3"><p ALIGN="JUSTIFY"><font
    face="Times New Roman">Acknowledgement by Company</font></font></td>
    <td WIDTH="19%" VALIGN="TOP"><font SIZE="2"><p ALIGN="CENTER"><font face="Times New Roman">12</font></font></td>
  </tr>
  <tr>
    <td WIDTH="18%" VALIGN="TOP"><font SIZE="2"><p ALIGN="CENTER"><font face="Times New Roman">16</font></font></td>
    <td WIDTH="63%" VALIGN="TOP" COLSPAN="2"><font SIZE="3"><p ALIGN="JUSTIFY"><font
    face="Times New Roman">General</font></font></td>
    <td WIDTH="19%" VALIGN="TOP"><font SIZE="2"><p ALIGN="CENTER"><font face="Times New Roman">12</font></font></td>
  </tr>
  <tr>
    <td WIDTH="18%" VALIGN="TOP"><font SIZE="2"><p ALIGN="CENTER"><font face="Times New Roman">17</font></font></td>
    <td WIDTH="63%" VALIGN="TOP" COLSPAN="2"><font SIZE="3"><p ALIGN="JUSTIFY"><font
    face="Times New Roman">Notices</font></font></td>
    <td WIDTH="19%" VALIGN="TOP"><font SIZE="2"><p ALIGN="CENTER"><font face="Times New Roman">12</font></font></td>
  </tr>
  <tr>
    <td WIDTH="18%" VALIGN="TOP"><font SIZE="2"><p ALIGN="CENTER"><font face="Times New Roman">18</font></font></td>
    <td WIDTH="63%" VALIGN="TOP" COLSPAN="2"><font SIZE="3"><p ALIGN="JUSTIFY"><font
    face="Times New Roman">Governing Law and Submission to Jurisdiction</font></font></td>
    <td WIDTH="19%" VALIGN="TOP"><font SIZE="2"><p ALIGN="CENTER"><font face="Times New Roman">13</font></font></td>
  </tr>
  <tr>
    <td WIDTH="18%" VALIGN="TOP"></td>
    <td WIDTH="63%" VALIGN="TOP" COLSPAN="2"><font SIZE="3"><p ALIGN="JUSTIFY"><font
    face="Times New Roman">Schedule 1 DEED of adherence</font></font></td>
    <td WIDTH="19%" VALIGN="TOP"><font SIZE="2"><p ALIGN="CENTER"><font face="Times New Roman">14</font></font></td>
  </tr>
  <tr>
    <td WIDTH="18%" VALIGN="TOP"></td>
    <td WIDTH="63%" VALIGN="TOP" COLSPAN="2"></td>
    <td WIDTH="19%" VALIGN="TOP"></td>
  </tr>
  <tr>
    <td WIDTH="18%" VALIGN="TOP"></td>
    <td WIDTH="55%" VALIGN="TOP"></td>
    <td WIDTH="27%" VALIGN="TOP" COLSPAN="2"></td>
  </tr>
</table>
</center></div><font SIZE="2">

<hr style="PAGE-BREAK-AFTER: always" align="center" width="100%" color="black" noShade
SIZE="1">
<b>

<p ALIGN="JUSTIFY"> </p>
</b><div align="center"><center>

<table CELLSPACING="0" BORDER="0" CELLPADDING="1" WIDTH="686">
  <tr>
    </u><td WIDTH="684" VALIGN="top" height="18" colspan="2"></font><font
    face="Times New Roman" SIZE="2"><b>THIS AGREEMENT</b> is made on the day of May 2009 <b>BETWEEN:</b></font></td>
    <u>
  </tr>
  <tr>
    </u><td WIDTH="59" VALIGN="top" height="18"></td>
    <td WIDTH="623" VALIGN="top" height="18"></td>
    <u>
  </tr>
  <tr>
    </u><td WIDTH="59" VALIGN="top" height="18"><font face="Times New Roman" SIZE="2">(1) </font></td>
    <td WIDTH="623" VALIGN="top" height="18"><p ALIGN="JUSTIFY"><font face="Times New Roman"
    SIZE="2"><b>Good World Investments Limited</b>, a company incorporated in the<b> British
    Virgin Islands</b> whose registered office is at PO Box 957, Offshore Incorporations
    Center, Road Town, Tortola, British Virgin Islands ("<b>GWIL</b>");</font></td>
    <u>
  </tr>
  <tr>
    </u><td WIDTH="59" VALIGN="top" height="18"></td>
    <td WIDTH="623" VALIGN="top" height="18"></td>
    <u>
  </tr>
  <tr>
    </u><td WIDTH="59" VALIGN="top" height="18"><font face="Times New Roman" SIZE="2">(2) </font></td>
    <td WIDTH="623" VALIGN="top" height="18"><p ALIGN="JUSTIFY"><font face="Times New Roman"
    SIZE="2"><b>Advance Tech Communications Sdn. Bhd.</b>, a company incorporated in <b>Malaysia
    </b>whose registered office is at <b>3<sup>rd</sup> Floor, No. 17 Jalan Ipoh Kecil, 50350
    Kuala Lumpur, Malaysia</b> ("<b>ATC</b>"); and</font></td>
    <u>
  </tr>
  <tr>
    </u><td WIDTH="59" VALIGN="top" height="18"></td>
    <td WIDTH="623" VALIGN="top" height="18"></td>
    <u>
  </tr>
  <tr>
    </u><td WIDTH="59" VALIGN="top" height="18"><font face="Times New Roman" SIZE="2">(3) </font></td>
    <td WIDTH="623" VALIGN="top" height="18"><p ALIGN="JUSTIFY"><font face="Times New Roman"
    SIZE="2"><b>ATC Marketing Limited</b>, a company incorporated in <b>Hong Kong</b> whose
    registered office is at <b>1403 Wan Chai Commercial Center, 194-204 Johnston Road,
    Wanchai, Hong Kong</b> ("<b>Company</b>").</font></td>
    <u>
  </tr>
  <tr>
    </u><td WIDTH="59" VALIGN="top" height="18"></td>
    <td WIDTH="623" VALIGN="top" height="18"></td>
    <u>
  </tr>
  <tr>
    </u><td WIDTH="682" VALIGN="top" height="18" colspan="2"><font face="Times New Roman"
    SIZE="2"><b>WHEREAS</b>:</font></td>
    <u>
  </tr>
  <tr>
    </u><td WIDTH="59" VALIGN="top" height="18"></td>
    <td WIDTH="623" VALIGN="top" height="18"></td>
    <u>
  </tr>
  <tr>
    </u><td WIDTH="59" VALIGN="top" height="18"><font face="Times New Roman" SIZE="2">(A)</font></td>
    <td WIDTH="623" VALIGN="top" height="18"><p ALIGN="JUSTIFY"><font face="Times New Roman"
    SIZE="2">GWIL is a wholly owned subsidiary of China Media Group Corporation
    ("CMG"), a company incorporated in the State of Texas, USA and quoted on the
    Over the Counter Bulletin Board under the symbol CHMD. GWIL is an investment holding
    company that has subsidiary in the business of media and advertising. GWIL's fellow
    subsidiary holds the distribution rights for Greater China including Hong Kong, Macao,
    Taiwan and mainland China for the distribution of convergent mobile devices and other
    related products designed and developed by ATC. </font></td>
    <u>
  </tr>
  <tr>
    <td WIDTH="59" VALIGN="top" height="18"></td>
    <td WIDTH="623" VALIGN="top" height="18"></td>
  </tr>
  <tr>
    <td WIDTH="59" VALIGN="top" height="18"></u><font face="Times New Roman" SIZE="2">(B)</font></td>
    <td WIDTH="623" VALIGN="top" height="18"><p ALIGN="JUSTIFY"><font face="Times New Roman"
    SIZE="2">ATC is a private limited company incorporated in Malaysia and is a research and
    development company in convergent communication devices.</font></td>
  </tr>
  <tr>
    <td WIDTH="59" VALIGN="top" height="18"></td>
    <td WIDTH="623" VALIGN="top" height="18"></td>
  </tr>
  <tr>
    <td WIDTH="59" VALIGN="top" height="18"><font face="Times New Roman" SIZE="2">(C)</font></td>
    <td WIDTH="623" VALIGN="top" height="18"><p ALIGN="JUSTIFY"><font face="Times New Roman"
    SIZE="2">GWIL and ATC wishes to work together to market, sell and distribute all of ATC's
    developed product on an exclusive basis worldwide in the Company. GWIL has the financial
    ability and the business contacts to roll out the operations of the Company. The parties
    recognize the strength and resources available to each party and have formed the Company
    to embark on these business pursuits.</font></td>
    <u>
  </tr>
  <tr>
    <td WIDTH="59" VALIGN="top" height="18"></td>
    <td WIDTH="623" VALIGN="top" height="18"></td>
  </tr>
  <tr>
    <td WIDTH="59" VALIGN="top" height="18"></u><font face="Times New Roman" SIZE="2">(D)</font></td>
    <td WIDTH="623" VALIGN="top" height="18"><p ALIGN="JUSTIFY"><font face="Times New Roman"
    SIZE="2">The Company is a Special Purpose Vehicle set up solely for the purpose to
    undertake the business objectives of the Parties set out in Recital C above. The Company
    may also be used to source funding from the capital markets and other financing methods. </font></td>
  </tr>
  <tr>
    <td WIDTH="59" VALIGN="top" height="18"></td>
    <td WIDTH="623" VALIGN="top" height="18"></td>
  </tr>
  <tr>
    <td WIDTH="59" VALIGN="top" height="18"><font face="Times New Roman" SIZE="2">(E)</font></td>
    <td WIDTH="623" VALIGN="top" height="18"><p ALIGN="JUSTIFY"><font face="Times New Roman"
    SIZE="2">As at the date hereof, the Company has an authorised share capital of HK$10,000
    divided into 10,000 Shares of HK$1.00 each of which 10,000 Shares have been issued and are
    fully paid-up. GWIL and ATC each holds 5,000 Shares of the Company's issued share capital
    as at the date hereof.</font></td>
  </tr>
  <tr>
    <td WIDTH="59" VALIGN="top" height="18"></td>
    <td WIDTH="623" VALIGN="top" height="18"></td>
  </tr>
  <tr>
    <td WIDTH="59" VALIGN="top" height="18"><font face="Times New Roman" SIZE="2">(F)</font></td>
    <td WIDTH="623" VALIGN="top" height="18"><p ALIGN="JUSTIFY"><font face="Times New Roman"
    SIZE="2">This is the SPV Shareholders' Agreement and the Parties wish to enter into this
    Agreement to regulate the relationship of the Shareholders and the affairs of the Company.</font></td>
  </tr>
  <tr>
    <td WIDTH="59" VALIGN="top" height="18"></td>
    <td WIDTH="623" VALIGN="top" height="18"></td>
  </tr>
  <tr>
    <td WIDTH="682" VALIGN="top" height="18" colspan="2"><font face="Times New Roman" SIZE="2"><b>IT
    IS HEREBY AGREED as follows:</b></font></td>
  </tr>
  <tr>
    <td WIDTH="59" VALIGN="top" height="18"></td>
    <td WIDTH="623" VALIGN="top" height="18"></td>
  </tr>
  <tr>
    <td WIDTH="682" VALIGN="top" height="18" colspan="2"><font face="Times New Roman" size="3"><b>1
    Definitions and Interpretation</b></font></td>
  </tr>
  <tr>
    <td WIDTH="59" VALIGN="top" height="18"></td>
    <td WIDTH="623" VALIGN="top" height="18"></td>
  </tr>
  <tr>
    <td WIDTH="59" VALIGN="top" height="18"><font face="Times New Roman" SIZE="2">1.1</font></td>
    <td WIDTH="623" VALIGN="top" height="18"><p ALIGN="JUSTIFY"><font face="Times New Roman"
    SIZE="2">In this Agreement, where the context so admits, the following words and
    expressions have the following meanings:</font></td>
  </tr>
  <tr>
    <td WIDTH="59" VALIGN="top" height="18"></td>
    <td WIDTH="623" VALIGN="top" height="18"></td>
  </tr>
</table>
</center></div><div align="center"><center>

<table CELLSPACING="0" BORDER="0" CELLPADDING="7" WIDTH="561">
  <tr>
    <td WIDTH="35%" VALIGN="TOP"><font SIZE="2"><p ALIGN="JUSTIFY"><font
    face="Times New Roman">"<b>Affiliated Company</b>"</font></font></td>
    <td WIDTH="65%" VALIGN="TOP"><font SIZE="2"><p ALIGN="JUSTIFY"><font
    face="Times New Roman">means, in relation to any Shareholder, any subsidiary or holding
    company of such Shareholder or any subsidiary of any such holding company;</font></font></td>
  </tr>
  <tr>
    <td WIDTH="35%" VALIGN="TOP"></td>
    <td WIDTH="65%" VALIGN="TOP"></td>
  </tr>
  <tr>
    <td WIDTH="35%" VALIGN="TOP"><font SIZE="2"><p ALIGN="JUSTIFY"><font
    face="Times New Roman">"<b>Applicable Law</b>"</font></font></td>
    <td WIDTH="65%" VALIGN="TOP"><font SIZE="2"><p ALIGN="JUSTIFY"><font
    face="Times New Roman">means any publicly available law, statute, rule, regulation or
    code, or order, decree, requirement, judgment or decision of any governmental or
    regulatory body or authority or court of competent jurisdiction, applicable to a Party or
    to the relevant matter(s) contemplated under this Agreement;</font></font></td>
  </tr>
  <tr>
    <td WIDTH="35%" VALIGN="TOP"></td>
    <td WIDTH="65%" VALIGN="TOP"></td>
  </tr>
  <tr>
    <td WIDTH="35%" VALIGN="TOP"><font SIZE="2"><p ALIGN="JUSTIFY"><font
    face="Times New Roman">"<b>Board</b>"</font></font></td>
    <td WIDTH="65%" VALIGN="TOP"><font SIZE="2"><p ALIGN="JUSTIFY"><font
    face="Times New Roman">means the Company's board of directors as constituted from time to
    time;</font></font></td>
  </tr>
</table>
</center></div>

<blockquote>
  <blockquote>
    <blockquote>
      <blockquote>
        <blockquote>
          <blockquote>
            <blockquote>
              <blockquote>
                <blockquote>
                  <blockquote>
                    <blockquote>
                      <blockquote>
                        <font SIZE="2"><p ALIGN="CENTER"><font face="Times New Roman">1</font><u></p>
                      </blockquote>
                    </blockquote>
                  </blockquote>
                </blockquote>
              </blockquote>
            </blockquote>
          </blockquote>
        </blockquote>
      </blockquote>
    </blockquote>
  </blockquote>
</blockquote>
</font>

<hr style="PAGE-BREAK-AFTER: always" align="center" width="100%" color="black" noShade
SIZE="1">
<div align="center"><center>

<table CELLSPACING="0" BORDER="0" CELLPADDING="7" WIDTH="561">
  <tr>
    </u><td WIDTH="35%" VALIGN="TOP"><font SIZE="2"><p ALIGN="JUSTIFY"><font
    face="Times New Roman">"<b>Business Plan</b>"</font></font></td>
    <td WIDTH="65%" VALIGN="TOP"><font SIZE="2"><p ALIGN="JUSTIFY"><font
    face="Times New Roman">means at the date of this Agreement the Company's business plan and
    budget in the approved terms and at any subsequent date the most recent business plan of
    the Company approved by the Shareholders in accordance with Clause 4.10;</font></font></td>
    <u>
  </tr>
  <tr>
    </u><td WIDTH="35%" VALIGN="TOP"><font face="Times New Roman" SIZE="2">"<b>Greater
    China Product Rights"</b></font></td>
    <td WIDTH="65%" VALIGN="TOP"><font SIZE="2"><p ALIGN="JUSTIFY"><font
    face="Times New Roman">means the rights to market and distribute in the territory of
    China, Hong Kong, Taiwan and Macao the convergent mobile devices and other related
    products designed and developed by ATC currently held by Ren Ren Media Group Limited under
    a distribution agreement; </font></font></td>
    <u>
  </tr>
  <tr>
    </u><td WIDTH="35%" VALIGN="TOP"></td>
    <td WIDTH="65%" VALIGN="TOP"></td>
    <u>
  </tr>
  <tr>
    </u><td WIDTH="35%" VALIGN="TOP"><font SIZE="2"><p ALIGN="JUSTIFY"><font
    face="Times New Roman">"<b>Deed of Adherence</b>"</font></font></td>
    <td WIDTH="65%" VALIGN="TOP"><font SIZE="2"><p ALIGN="JUSTIFY"><font
    face="Times New Roman">means a deed, substantially in the form of <b>Schedule 1</b>,
    pursuant to which a transferee or allottee of Shares agrees to be bound by all the terms
    of this Agreement as if it had been a signatory;</font></font></td>
    <u>
  </tr>
  <tr>
    </u><td WIDTH="35%" VALIGN="TOP"></td>
    <td WIDTH="65%" VALIGN="TOP"></td>
    <u>
  </tr>
  <tr>
    </u><td WIDTH="35%" VALIGN="TOP"><font SIZE="2"><p ALIGN="JUSTIFY"><font
    face="Times New Roman">"<b>Directors</b>"</font></font></td>
    <td WIDTH="65%" VALIGN="TOP"><font SIZE="2"><p ALIGN="JUSTIFY"><font
    face="Times New Roman">means the directors of the Company;</font></font></td>
    <u>
  </tr>
  <tr>
    </u><td WIDTH="35%" VALIGN="TOP"></td>
    <td WIDTH="65%" VALIGN="TOP"></td>
    <u>
  </tr>
  <tr>
    </u><td WIDTH="35%" VALIGN="TOP"><font SIZE="2"><p ALIGN="JUSTIFY"><font
    face="Times New Roman">"<b>Hong Kong</b>"</font></font></td>
    <td WIDTH="65%" VALIGN="TOP"><font SIZE="2"><p ALIGN="JUSTIFY"><font
    face="Times New Roman">means the Hong Kong Special Administrative Region of the People's
    Republic of China;</font></font></td>
    <u>
  </tr>
  <tr>
    </u><td WIDTH="35%" VALIGN="TOP"></td>
    <td WIDTH="65%" VALIGN="TOP"></td>
    <u>
  </tr>
  <tr>
    </u><td WIDTH="35%" VALIGN="TOP"><font SIZE="2"><p ALIGN="JUSTIFY"><font
    face="Times New Roman">"<b>Parties</b>"</font></font></td>
    <td WIDTH="65%" VALIGN="TOP"><font SIZE="2"><p ALIGN="JUSTIFY"><font
    face="Times New Roman">means the parties to this Agreement and their respective successors
    and permitted assigns, and "<b>Party</b>" means any one of them including any
    other person who becomes a member of the Company and who agrees to be bound by the
    provisions of this Agreement by executing a Deed of Adherence;</font></font></td>
    <u>
  </tr>
  <tr>
    </u><td WIDTH="35%" VALIGN="TOP"><font SIZE="2"><p ALIGN="JUSTIFY"><font
    face="Times New Roman">"<b>Product Rights</b>"</font></font></td>
    <td WIDTH="65%" VALIGN="TOP"><font SIZE="2"><p ALIGN="JUSTIFY"><font
    face="Times New Roman">means the world wide rights to manufacture, market, sell and
    distribute on all products developed and/or to be developed in the future by ATC,
    including the Greater China Product Rights when it becomes available to ATC; </font></font></td>
    <u>
  </tr>
  <tr>
    </u><td WIDTH="35%" VALIGN="TOP"><font SIZE="2"><p ALIGN="JUSTIFY"><font
    face="Times New Roman">"<b>PRC</b>"</font></font></td>
    <td WIDTH="65%" VALIGN="TOP"><font SIZE="2"><p ALIGN="JUSTIFY"><font
    face="Times New Roman">means the People's Republic of China but excluding, for the
    purposes of this Agreement, Hong Kong, Macau and Taiwan;</font></font></td>
    <u>
  </tr>
  <tr>
    </u><td WIDTH="35%" VALIGN="TOP"></td>
    <td WIDTH="65%" VALIGN="TOP"></td>
    <u>
  </tr>
  <tr>
    </u><td WIDTH="35%" VALIGN="TOP"><font SIZE="2"><p ALIGN="JUSTIFY"><font
    face="Times New Roman">"<b>Share</b>"</font></font></td>
    <td WIDTH="65%" VALIGN="TOP"><font SIZE="2"><p ALIGN="JUSTIFY"><font
    face="Times New Roman">means share of HK$1.00 each in the share capital of the Company
    having the rights and benefits and being subject to the restrictions set out in the
    Articles of Association;</font></font></td>
    <u>
  </tr>
  <tr>
    </u><td WIDTH="35%" VALIGN="TOP"></td>
    <td WIDTH="65%" VALIGN="TOP"></td>
    <u>
  </tr>
  <tr>
    </u><td WIDTH="35%" VALIGN="TOP"><font SIZE="2"><p ALIGN="JUSTIFY"><font
    face="Times New Roman">"<b>Shareholders</b>"</font></font></td>
    <td WIDTH="65%" VALIGN="TOP"><font SIZE="2"><p ALIGN="JUSTIFY"><font
    face="Times New Roman">means GWIL and ATC for as long as they hold any Shares and any
    other person who becomes a member of the Company and who agrees to be bound by the
    provisions of this Agreement by executing a Deed of Adherence, and the expression "<b>Shareholder</b>"
    means any one of them;</font></font></td>
    <u>
  </tr>
  <tr>
    </u><td WIDTH="35%" VALIGN="TOP"></td>
    <td WIDTH="65%" VALIGN="TOP"></td>
    <u>
  </tr>
  <tr>
    </u><td WIDTH="35%" VALIGN="TOP"><font SIZE="2"><b><p ALIGN="JUSTIFY"><font
    face="Times New Roman">"HK$"</font></b></font></td>
    <td WIDTH="65%" VALIGN="TOP"><font SIZE="2"><p ALIGN="JUSTIFY"><font
    face="Times New Roman">means Hong Kong Dollars; and</font></font></td>
    <u>
  </tr>
  <tr>
    </u><td WIDTH="35%" VALIGN="TOP"></td>
    <td WIDTH="65%" VALIGN="TOP"></td>
    <u>
  </tr>
  <tr>
    </u><td WIDTH="35%" VALIGN="TOP"><font SIZE="2"><p ALIGN="JUSTIFY"><font
    face="Times New Roman">"<b>US$</b>"</font></font></td>
    <td WIDTH="65%" VALIGN="TOP"><font SIZE="2"><p ALIGN="JUSTIFY"><font
    face="Times New Roman">means United States Dollars.</font></font></td>
    <u>
  </tr>
</table>
</center></div><div align="center"><center>

<table CELLSPACING="0" BORDER="0" CELLPADDING="1" WIDTH="686">
  <tr>
    <td WIDTH="59" VALIGN="top" height="18"></td>
    <td WIDTH="623" VALIGN="top" height="18"></td>
  </tr>
  <tr>
    <font SIZE="2"><td WIDTH="59" VALIGN="top" height="18"></font></u><font
    face="Times New Roman" SIZE="2">1.2 </font></td>
    <td WIDTH="623" VALIGN="top" height="18"><p ALIGN="JUSTIFY"><font face="Times New Roman"
    SIZE="2"><b><u>Statutes</u>.</b> Any references, express or implied, to statutes or
    statutory provisions will be construed as references to those statutes or provisions as
    respectively amended or re-enacted or as their application is modified from time to time
    by other provisions (whether before or after the date hereof).</font></td>
  </tr>
  <tr>
    <td WIDTH="59" VALIGN="top" height="18"></td>
    <td WIDTH="623" VALIGN="top" height="18"></td>
  </tr>
  <tr>
    <td WIDTH="59" VALIGN="top" height="18"><font face="Times New Roman" SIZE="2">1.3</font></td>
    <td WIDTH="623" VALIGN="top" height="18"><p ALIGN="JUSTIFY"><font face="Times New Roman"
    SIZE="2"><b><u>Clauses and Schedules</u>.</b> References in this Agreement to Clauses and
    Schedules are to clauses in and schedules to this Agreement (unless the context otherwise
    requires). The Recitals and Schedules to this Agreement are deemed to form part of this
    Agreement.</font></td>
  </tr>
</table>
</center></div>

<p align="center"><font face="Times New Roman" SIZE="2">2</font><u></p>
<font SIZE="2">

<hr style="PAGE-BREAK-AFTER: always" align="center" width="100%" color="black" noShade
SIZE="1">
</font>

<p> </p>
<div align="center"><center>

<table CELLSPACING="0" BORDER="0" CELLPADDING="1" WIDTH="686">
  <tr>
    <td WIDTH="59" VALIGN="top" height="18"></u><font face="Times New Roman" SIZE="2">1.4</font></td>
    <td WIDTH="623" VALIGN="top" height="18"><u><font face="Times New Roman" SIZE="2"><b>Construction</b></font></u></td>
  </tr>
  <tr>
    <td WIDTH="59" VALIGN="top" height="18"></td>
    <td WIDTH="623" VALIGN="top" height="18"></td>
  </tr>
  <tr>
    <td WIDTH="59" VALIGN="top" height="18"><font face="Times New Roman" SIZE="2">1.4.1</font></td>
    <td WIDTH="623" VALIGN="top" height="18"><p ALIGN="JUSTIFY"><font face="Times New Roman"
    SIZE="2">All terms defined in the Recitals have the same meanings when used throughout
    this Agreement.</font></td>
  </tr>
  <tr>
    <td WIDTH="59" VALIGN="top" height="18"></td>
    <td WIDTH="623" VALIGN="top" height="18"></td>
  </tr>
  <tr>
    <td WIDTH="59" VALIGN="top" height="18"><font face="Times New Roman" SIZE="2">1.4.2</font></td>
    <td WIDTH="623" VALIGN="top" height="18"><p ALIGN="JUSTIFY"><font face="Times New Roman"
    SIZE="2">Headings are inserted for convenience only and do not affect the construction of
    this Agreement</font></td>
  </tr>
  <tr>
    <td WIDTH="59" VALIGN="top" height="18"></td>
    <td WIDTH="623" VALIGN="top" height="18"></td>
  </tr>
  <tr>
    <td WIDTH="59" VALIGN="top" height="18"><font face="Times New Roman" SIZE="2">1.4.3</font></td>
    <td WIDTH="623" VALIGN="top" height="18"><p ALIGN="JUSTIFY"><font face="Times New Roman"
    SIZE="2">References to "<b>persons</b>" include bodies corporate, unincorporated
    associations and partnerships (whether or not having separate legal personality). The
    masculine gender includes the feminine and neuter genders and the singular number includes
    the plural, and vice versa.</font></td>
  </tr>
  <tr>
    <td WIDTH="59" VALIGN="top" height="18"></td>
    <td WIDTH="623" VALIGN="top" height="18"></td>
  </tr>
  <tr>
    <td WIDTH="59" VALIGN="top" height="18"><font face="Times New Roman" SIZE="2">1.4.4</font></td>
    <td WIDTH="623" VALIGN="top" height="18"><p ALIGN="JUSTIFY"><font face="Times New Roman"
    SIZE="2">References to any document (including this Agreement) are references to that
    document as amended, consolidated, supplemented, novated or replaced from time to time.</font></td>
  </tr>
  <tr>
    <td WIDTH="59" VALIGN="top" height="18"></td>
    <td WIDTH="623" VALIGN="top" height="18"></td>
  </tr>
  <tr>
    <td WIDTH="59" VALIGN="top" height="18"><font face="Times New Roman" SIZE="2">1.5</font></td>
    <td WIDTH="623" VALIGN="top" height="18"><p ALIGN="JUSTIFY"><font face="Times New Roman"
    SIZE="2"><b><u>Successors and permitted assigns</u>.</b> Where the context permits, the
    expressions "GWIL", and "ATC" include their respective successors and
    permitted assigns.</font></td>
  </tr>
  <tr>
    <td WIDTH="59" VALIGN="top" height="18"></td>
    <td WIDTH="623" VALIGN="top" height="18"></td>
  </tr>
  <tr>
    <td WIDTH="59" VALIGN="top" height="18"><font face="Times New Roman" SIZE="2">1.6</font></td>
    <td WIDTH="623" VALIGN="top" height="18"><p ALIGN="JUSTIFY"><font face="Times New Roman"
    SIZE="2"><b><u>Approved terms</u>.</b> A document expressed to be "<b>in the approved
    terms</b>" means a document the terms of which have been approved by or on behalf of
    the Parties and a copy of which has been signed for the purposes of identification by or
    on behalf of the Parties.</font></td>
  </tr>
  <tr>
    <td WIDTH="59" VALIGN="top" height="18"></td>
    <td WIDTH="623" VALIGN="top" height="18"></td>
  </tr>
  <tr>
    <td WIDTH="59" VALIGN="top" height="18"><font face="Times New Roman" SIZE="2">2.0</font></td>
    <td WIDTH="623" VALIGN="top" height="18"><font face="Times New Roman" SIZE="2">BUSINESS</font></td>
  </tr>
  <tr>
    <td WIDTH="59" VALIGN="top" height="18"></td>
    <td WIDTH="623" VALIGN="top" height="18"></td>
  </tr>
  <tr>
    <td WIDTH="59" VALIGN="top" height="18"><font face="Times New Roman" SIZE="2">2.1</font></td>
    <td WIDTH="623" VALIGN="top" height="18"><p ALIGN="JUSTIFY"><font face="Times New Roman"
    SIZE="2"><b><u>Business</u>.</b> The Shareholders acknowledge and agree that the Company
    has been incorporated as, and will procure that the Company remains at all times, a single
    purpose vehicle for the purpose of holding the exclusive worldwide rights (excluding the
    territories of Greater China under a distribution agreement with a subsidiary of CMG) to
    manufacture, market, sale and distribute all products developed by ATC and any other
    business approved by the Board from time to time (the "Business").</font></td>
  </tr>
  <tr>
    <td WIDTH="59" VALIGN="top" height="18"></td>
    <td WIDTH="623" VALIGN="top" height="18"></td>
  </tr>
  <tr>
    <td WIDTH="59" VALIGN="top" height="18"><font face="Times New Roman" SIZE="2">3.0</font></td>
    <td WIDTH="623" VALIGN="top" height="18"><font face="Times New Roman" SIZE="2">CONTRIBUTION
    BY SHAREHOLDERS</font></td>
  </tr>
  <tr>
    <td WIDTH="59" VALIGN="top" height="18"></td>
    <td WIDTH="623" VALIGN="top" height="18"></td>
  </tr>
  <tr>
    <td WIDTH="59" VALIGN="top" height="18"><font face="Times New Roman" SIZE="2">3.1</font></td>
    <td WIDTH="623" VALIGN="top" height="18"><p ALIGN="JUSTIFY"><font face="Times New Roman"
    SIZE="2"><b><u>Contributions from GWIL</u>.</b> GWIL will, in its best efforts from the
    capital markets contribute up to a maximum of US$1,00,000 over a two year period as a loan
    into the Company in accordance to the Business Plan of the Company. </font></td>
  </tr>
  <tr>
    <td WIDTH="59" VALIGN="top" height="18"></td>
    <td WIDTH="623" VALIGN="top" height="18"></td>
  </tr>
  <tr>
    <td WIDTH="59" VALIGN="top" height="18"><font face="Times New Roman" SIZE="2">3.2</font></td>
    <td WIDTH="623" VALIGN="top" height="18"><p ALIGN="JUSTIFY"><font face="Times New Roman"
    SIZE="2"><b><u>Contributions from ATC</u>.</b> ATC will contribute its Product Rights to
    the Company and agrees to receive a royalty fee and a profit sharing fee as set out in
    Clause 3.21 and 3.2.2 below. The Company agrees to pay a royalty fee from the sale of the
    products from the Product Rights and a as follows:</font></td>
  </tr>
  <tr>
    <td WIDTH="59" VALIGN="top" height="18"></td>
    <td WIDTH="623" VALIGN="top" height="18"></td>
  </tr>
  <tr>
    <td WIDTH="59" VALIGN="top" height="18"><font face="Times New Roman" SIZE="2">3.2.1</font></td>
    <td WIDTH="623" VALIGN="top" height="18"><p ALIGN="JUSTIFY"><font face="Times New Roman"
    SIZE="2">The Company agrees to pay to ATC a Product Royalty on all ATC developed products
    sold by the Company. The Product Royalty Fee is calculated as 3.5% of the Gross Profits
    earned by the Company from the sale of ATC developed products. Such Product Royalty Fee
    shall be paid on or before the month ending the preceding calendar quarter end. For the
    purpose of this section, Gross Profits is defined as the sales price less the costs of the
    goods sold, less all sales costs, including sales commission, and less all costs
    incidental to deliver the goods sold to the customer. </font></td>
  </tr>
  <tr>
    <td WIDTH="59" VALIGN="top" height="18"></td>
    <td WIDTH="623" VALIGN="top" height="18"></td>
  </tr>
  <tr>
    <td WIDTH="59" VALIGN="top" height="18"><p ALIGN="JUSTIFY"><font face="Times New Roman"
    SIZE="2">3.2.2</font></td>
    <td WIDTH="623" VALIGN="top" height="18"><p ALIGN="JUSTIFY"><font face="Times New Roman"
    SIZE="2">The Company agrees to pay to ATC a Profit Sharing Fee that is calculated as 5% of
    the net profits as reported in the audited accounts of the Company provided that the
    Retained Profits for the prior year is positive. Where the Retained Profits for the prior
    year is negative, then the net profits calculation shall be amended to deduct any net
    accumulated losses recorded in the Retained Earnings Account as reported in the audited
    financial statements of the Company for the preceding year. The Profits Sharing Fee shall
    be paid within one month after the release of the audited financial statements of the
    Company. For the purpose of this section, "Retained Profits" is defined as the
    accumulated profits less accumulated losses since inception, recorded in the audited
    financial statements of the Company. </font></td>
  </tr>
</table>
</center></div><font SIZE="2">

<p align="center"></font><font face="Times New Roman" SIZE="2">3</font><font SIZE="2"></p>
<u>

<hr style="PAGE-BREAK-AFTER: always" align="center" width="100%" color="black" noShade
SIZE="1">
</u><div align="center"><center>

<table CELLSPACING="0" BORDER="0" CELLPADDING="1" WIDTH="686">
  <tr>
    <u><td WIDTH="59" VALIGN="top" height="18"></u></font><font face="Times New Roman"
    SIZE="2">3.2.3</font></td>
    <td WIDTH="623" VALIGN="top" height="18" colspan="2"><p ALIGN="JUSTIFY"><font
    face="Times New Roman" SIZE="2">Any disputes on 3.2.1 and 3.2.2 shall be resolved through
    arbitration. </font></td>
  </tr>
  <tr>
    <u><td WIDTH="59" VALIGN="top" height="18"></u></td>
    <td WIDTH="623" VALIGN="top" height="18" colspan="2"></td>
  </tr>
  <tr>
    <td WIDTH="59" VALIGN="top" height="18"><font face="Times New Roman" SIZE="2">4.0</font></td>
    <td WIDTH="623" VALIGN="top" height="18" colspan="2"><font face="Times New Roman" SIZE="2">MANAGEMENT
    OF THE COMPANY</font></td>
  </tr>
  <tr>
    <td WIDTH="59" VALIGN="top" height="18"></td>
    <td WIDTH="623" VALIGN="top" height="18" colspan="2"></td>
  </tr>
  <tr>
    <td WIDTH="59" VALIGN="top" height="18"><font face="Times New Roman" SIZE="2">4.1</font></td>
    <td WIDTH="623" VALIGN="top" height="18" colspan="2"><p ALIGN="JUSTIFY"><font
    face="Times New Roman" SIZE="2"><b><u>Responsibilities of the Board</u>.</b> The business
    of the Company shall be managed by the Board, whose duties and responsibilities shall,
    subject to Clause</font></td>
  </tr>
  <tr>
    <td WIDTH="59" VALIGN="top" height="18"></td>
    <td WIDTH="623" VALIGN="top" height="18" colspan="2"></td>
  </tr>
  <tr>
    <td WIDTH="59" VALIGN="top" height="18"><font face="Times New Roman" SIZE="2">4.1</font></td>
    <td WIDTH="623" VALIGN="top" height="18" colspan="2"><font face="Times New Roman" SIZE="2">include
    without limitation:</font></td>
  </tr>
  <tr>
    <td WIDTH="59" VALIGN="top" height="18"></td>
    <td WIDTH="623" VALIGN="top" height="18" colspan="2"></td>
  </tr>
  <tr>
    <td WIDTH="59" VALIGN="top" height="18"></td>
    <td WIDTH="45" VALIGN="top" height="18"><font face="Times New Roman" SIZE="2">(a)</font></td>
    <td WIDTH="578" VALIGN="top" height="18"><p ALIGN="JUSTIFY"><font face="Times New Roman"
    SIZE="2">making all decisions in connection with the management and operational control of
    the Company's Business in accordance with the Business Plan approved in Clause 4.10; and</font></td>
  </tr>
  <tr>
    <td WIDTH="59" VALIGN="top" height="18"></td>
    <td WIDTH="623" VALIGN="top" height="18" colspan="2"></td>
  </tr>
  <tr>
    <td WIDTH="59" VALIGN="top" height="18"></td>
    <td WIDTH="45" VALIGN="top" height="18"><font face="Times New Roman" SIZE="2">(b)</font></td>
    <td WIDTH="578" VALIGN="top" height="18"><p ALIGN="JUSTIFY"><font face="Times New Roman"
    SIZE="2">appoint the President and CEO of the Company. The first President and CEO of the
    Company shall be Mr. LOI Cheng Pheng.</font></td>
  </tr>
  <tr>
    <td WIDTH="59" VALIGN="top" height="18"></td>
    <td WIDTH="623" VALIGN="top" height="18" colspan="2"></td>
  </tr>
  <tr>
    <td WIDTH="59" VALIGN="top" height="18"><font face="Times New Roman" SIZE="2">4.2</font></td>
    <td WIDTH="623" VALIGN="top" height="18" colspan="2"><u><font face="Times New Roman"
    SIZE="2"><b>Composition of the Board</b></font></u></td>
  </tr>
  <tr>
    <td WIDTH="59" VALIGN="top" height="18"></td>
    <td WIDTH="623" VALIGN="top" height="18" colspan="2"></td>
  </tr>
  <tr>
    <td WIDTH="59" VALIGN="top" height="18"></td>
    <td WIDTH="45" VALIGN="top" height="18"><font face="Times New Roman" SIZE="2">(a)</font></td>
    <td WIDTH="578" VALIGN="top" height="18"><p ALIGN="JUSTIFY"><font face="Times New Roman"
    SIZE="2">The maximum number of Directors shall be 5. GWIL shall have the right to appoint
    and remove up to 3 Directors and ATC shall have the right to appoint and remove up to 2
    Directors. Each Shareholder shall effect any appointment or removal by depositing written
    notice at the Company's registered office and sending a copy thereof to each other
    Shareholder.</font></td>
  </tr>
  <tr>
    <td WIDTH="59" VALIGN="top" height="18"></td>
    <td WIDTH="45" VALIGN="top" height="18"></td>
    <td WIDTH="578" VALIGN="top" height="18"></td>
  </tr>
  <tr>
    <td WIDTH="59" VALIGN="top" height="18"></td>
    <td WIDTH="45" VALIGN="top" height="18"><font face="Times New Roman" SIZE="2">(b)</font></td>
    <td WIDTH="578" VALIGN="top" height="18"><p ALIGN="JUSTIFY"><font face="Times New Roman"
    SIZE="2">Any Shareholder removing a Director shall be responsible for and shall indemnify
    each other Shareholder and the Company against any claim of whatever nature arising out of
    such removal. If a Shareholder ceases to hold Shares, it will procure the resignation of
    all the Directors appointed by it and will indemnify the other Shareholder and the Company
    against any claims which may be brought by such Directors.</font></td>
  </tr>
  <tr>
    <td WIDTH="59" VALIGN="top" height="18"></td>
    <td WIDTH="623" VALIGN="top" height="18" colspan="2"></td>
  </tr>
  <tr>
    <td WIDTH="59" VALIGN="top" height="18"><font face="Times New Roman" SIZE="2">4.3</font></td>
    <td WIDTH="623" VALIGN="top" height="18" colspan="2"><p ALIGN="JUSTIFY"><font
    face="Times New Roman" SIZE="2"><b><u>Chairman</u>.</b> One of the Directors, as GWIL
    shall from time to time select, shall preside as chairman of meetings of the Board.</font></td>
  </tr>
  <tr>
    <td WIDTH="59" VALIGN="top" height="18"></td>
    <td WIDTH="623" VALIGN="top" height="18" colspan="2"></td>
  </tr>
  <tr>
    <td WIDTH="59" VALIGN="top" height="18"><font face="Times New Roman" SIZE="2">4.4</font></td>
    <td WIDTH="623" VALIGN="top" height="18" colspan="2"><p ALIGN="JUSTIFY"><font
    face="Times New Roman" SIZE="2"><b><u>Alternate</u>.</b> Each Director is entitled to
    appoint any person to be his alternate. Each alternate shall have one vote for every
    Director whom he represents, provided that if such alternate is himself a Director then he
    shall have one vote for every Director whom he represents in addition to any vote of his
    own.</font></td>
  </tr>
  <tr>
    <td WIDTH="59" VALIGN="top" height="18"></td>
    <td WIDTH="623" VALIGN="top" height="18" colspan="2"></td>
  </tr>
  <tr>
    <td WIDTH="59" VALIGN="top" height="18"><font face="Times New Roman" SIZE="2">4.5</font></td>
    <td WIDTH="623" VALIGN="top" height="18" colspan="2"><u><font face="Times New Roman"
    SIZE="2"><b>Quorum</b></font></u></td>
  </tr>
  <tr>
    <td WIDTH="59" VALIGN="top" height="18"></td>
    <td WIDTH="623" VALIGN="top" height="18" colspan="2"></td>
  </tr>
  <tr>
    <td WIDTH="59" VALIGN="top" height="18"></td>
    <td WIDTH="623" VALIGN="top" height="18" colspan="2"><p ALIGN="JUSTIFY"><font
    face="Times New Roman" SIZE="2">The quorum for meetings of the Board shall be 2 Directors,
    of whom one shall be a Director appointed by GWIL and one shall be a Director appointed by
    ATC (whether present in person or by proxy or representative).</font></td>
  </tr>
  <tr>
    <td WIDTH="59" VALIGN="top" height="18"></td>
    <td WIDTH="623" VALIGN="top" height="18" colspan="2"></td>
  </tr>
  <tr>
    <td WIDTH="59" VALIGN="top" height="18"></td>
    <td WIDTH="45" VALIGN="top" height="18"><font face="Times New Roman" SIZE="2">(b)</font></td>
    <td WIDTH="578" VALIGN="top" height="18"><p ALIGN="JUSTIFY"><font face="Times New Roman"
    SIZE="2">A quorum must be present at the beginning of and throughout each meeting. If
    within 30 minutes of the time appointed for a meeting a quorum is not present, the meeting
    shall stand adjourned until the same time and place on the same day in the next week. If
    at such adjourned meeting a quorum is not present within 30 minutes from the time
    appointed for such adjourned meeting (or such longer interval as the chairman of the
    meeting may think fit to allow), the Directors present in person or by his alternate shall
    constitute a quorum.</font></td>
  </tr>
  <tr>
    <td WIDTH="59" VALIGN="top" height="18"></td>
    <td WIDTH="623" VALIGN="top" height="18" colspan="2"></td>
  </tr>
  <tr>
    <td WIDTH="59" VALIGN="top" height="18"><font face="Times New Roman" SIZE="2">4.6</font></td>
    <td WIDTH="623" VALIGN="top" height="18" colspan="2"><u><font face="Times New Roman"
    SIZE="2"><b>Meetings of the Board</b></font></u></td>
  </tr>
  <tr>
    <td WIDTH="59" VALIGN="top" height="18"></td>
    <td WIDTH="623" VALIGN="top" height="18" colspan="2"></td>
  </tr>
  <tr>
    <td WIDTH="59" VALIGN="top" height="18"></td>
    <td WIDTH="45" VALIGN="top" height="18"><font face="Times New Roman" SIZE="2">(a)</font></td>
    <td WIDTH="578" VALIGN="top" height="18"><p ALIGN="JUSTIFY"><font face="Times New Roman"
    SIZE="2">Subject to Applicable Law, the Board shall meet as required at such time and
    place and in such manner as shall be agreed by the Board. Unless waived by all Directors
    in writing, not less than 7 days' notice of each meeting of the Board specifying in
    reasonably sufficient detail the business to be transacted thereat shall be given to each
    Director and his alternate.</font></td>
  </tr>
  <tr>
    <td WIDTH="59" VALIGN="top" height="18"></td>
    <td WIDTH="45" VALIGN="top" height="18"></td>
    <td WIDTH="578" VALIGN="top" height="18"></td>
  </tr>
  <tr>
    <td WIDTH="59" VALIGN="top" height="18"></td>
    <td WIDTH="45" VALIGN="top" height="18"><font face="Times New Roman" SIZE="2">(b)</font></td>
    <td WIDTH="578" VALIGN="top" height="18"><p ALIGN="JUSTIFY"><font face="Times New Roman"
    SIZE="2">Subject to Applicable Law and Clause 4.10, questions arising at any meeting of
    the Board shall be decided by a majority of votes and in the case of an equality of votes,
    the Chairman shall not have a second or casting vote.</font></td>
  </tr>
  <tr>
    <td WIDTH="59" VALIGN="top" height="18"></td>
    <td WIDTH="623" VALIGN="top" height="18" colspan="2"></td>
  </tr>
</table>
</center></div>

<p align="center"><font face="Times New Roman" SIZE="2">4</font><font SIZE="2"></p>
<u>

<hr style="PAGE-BREAK-AFTER: always" align="center" width="100%" color="black" noShade
SIZE="1">
</u><div align="center"><center>

<table CELLSPACING="0" BORDER="0" CELLPADDING="1" WIDTH="686">
  <tr>
    <td WIDTH="59" VALIGN="top" height="18"></td>
    <td WIDTH="45" VALIGN="top" height="18"></font><font face="Times New Roman" SIZE="2">(c)</font></td>
    <td WIDTH="578" VALIGN="top" height="18"><p ALIGN="JUSTIFY"><font face="Times New Roman"
    SIZE="2">Directors may participate in a meeting of the Board by means of conference
    telephone or similar communications equipment whereby all persons participating in the
    meeting can hear each other and such participation shall constitute presence in person.
    Resolutions of the Board may be passed by circular resolution signed by all the Directors.</font></td>
  </tr>
  <tr>
    <td WIDTH="59" VALIGN="top" height="18"></td>
    <td WIDTH="45" VALIGN="top" height="18"></td>
    <td WIDTH="578" VALIGN="top" height="18"></td>
  </tr>
  <tr>
    <td WIDTH="59" VALIGN="top" height="18"></td>
    <td WIDTH="45" VALIGN="top" height="18"><font face="Times New Roman" SIZE="2">(d)</font></td>
    <td WIDTH="578" VALIGN="top" height="18"><p ALIGN="JUSTIFY"><font face="Times New Roman"
    SIZE="2">If the Board so authorises or requests, auditors, consultants, advisers and
    employees shall be permitted to attend and speak (but not to vote) at meetings of the
    Board.</font></td>
  </tr>
  <tr>
    <td WIDTH="59" VALIGN="top" height="18"></td>
    <td WIDTH="623" VALIGN="top" height="18" colspan="2"></td>
  </tr>
  <tr>
    <td WIDTH="59" VALIGN="top" height="18"><font face="Times New Roman" SIZE="2">4.7</font></td>
    <td WIDTH="623" VALIGN="top" height="18" colspan="2"><p ALIGN="JUSTIFY"><font
    face="Times New Roman" SIZE="2"><b><u>Exercise of rights</u>.</b> Each Shareholder will
    exercise or refrain from exercising any voting rights or other powers of control so as to
    ensure the passing of any and every resolution necessary or desirable to procure that the
    affairs of the Company are conducted in accordance with, and otherwise to give full effect
    to, the provisions of this Agreement and likewise to ensure that no resolution is passed
    which does not accord with such provisions.</font></td>
  </tr>
  <tr>
    <td WIDTH="59" VALIGN="top" height="18"></td>
    <td WIDTH="623" VALIGN="top" height="18" colspan="2"></td>
  </tr>
  <tr>
    <td WIDTH="59" VALIGN="top" height="18"><font face="Times New Roman" SIZE="2">4.8</font></td>
    <td WIDTH="623" VALIGN="top" height="18" colspan="2"><p ALIGN="JUSTIFY"><font
    face="Times New Roman" SIZE="2"><b><u>Committees of the Board</u>.</b> The Board may
    delegate any of its powers including the day-to-day running of the business of the Company
    to a committee or committees consisting of such number of Directors as it thinks fit,
    provided that each such committee shall comprise at least one Director appointed by GWIL
    and one Director appointed by ATC. The provisions of Clauses 4.5 and 4.6 in relation to
    the Board shall apply with the necessary modifications to any committee of the Board. Any
    committee so formed shall, in the exercise of the powers so delegated, conform to any
    regulations that may be imposed on it by the Board.</font></td>
  </tr>
  <tr>
    <td WIDTH="59" VALIGN="top" height="18"></td>
    <td WIDTH="623" VALIGN="top" height="18" colspan="2"></td>
  </tr>
  <tr>
    <td WIDTH="59" VALIGN="top" height="18"><font face="Times New Roman" SIZE="2">4.9</font></td>
    <td WIDTH="623" VALIGN="top" height="18" colspan="2"><p ALIGN="JUSTIFY"><font
    face="Times New Roman" SIZE="2"><b><u>Remuneration</u>. </b>The remuneration (if any) of
    the Directors shall be determined by, and subject to the unanimous approval of, the
    Shareholders.</font></td>
  </tr>
  <tr>
    <td WIDTH="59" VALIGN="top" height="18"></td>
    <td WIDTH="623" VALIGN="top" height="18" colspan="2"></td>
  </tr>
  <tr>
    <td WIDTH="59" VALIGN="top" height="18"><font face="Times New Roman" SIZE="2">4.10</font></td>
    <td WIDTH="623" VALIGN="top" height="18" colspan="2"><p ALIGN="JUSTIFY"><font
    face="Times New Roman" SIZE="2"><b><u>Matters requiring unanimous consent</u>.</b> The
    Shareholders shall exercise all voting rights and other powers of control available to
    them in relation to the Company to procure that the Company and the Board (including any
    committee thereof) shall not without the prior written approval of the Shareholders, which
    approval may be given by the Shareholder or a Director appointed by it or his alternate
    (and, for this purpose, each Director appointed by a Shareholder and his alternate shall
    be deemed to have authority to bind that Shareholder in relation to the provisions of this
    Clause 4.10 unless otherwise notified to each other Shareholder):</font></td>
  </tr>
  <tr>
    <td WIDTH="59" VALIGN="top" height="18"></td>
    <td WIDTH="623" VALIGN="top" height="18" colspan="2"></td>
  </tr>
  <tr>
    <td WIDTH="59" VALIGN="top" height="18"></td>
    <td WIDTH="45" VALIGN="top" height="18"><font face="Times New Roman" SIZE="2">(a)</font></td>
    <td WIDTH="578" VALIGN="top" height="18"><p ALIGN="JUSTIFY"><font face="Times New Roman"
    SIZE="2">permitting any merger or consolidation of the Company with any other entity, any
    reorganisation of the Company or any transfer of all or any part of the assets of the
    Company;</font></td>
  </tr>
  <tr>
    <td WIDTH="59" VALIGN="top" height="18"></td>
    <td WIDTH="45" VALIGN="top" height="18"></td>
    <td WIDTH="578" VALIGN="top" height="18"></td>
  </tr>
  <tr>
    <td WIDTH="59" VALIGN="top" height="18"></td>
    <td WIDTH="45" VALIGN="top" height="18"><font face="Times New Roman" SIZE="2">(b)</font></td>
    <td WIDTH="578" VALIGN="top" height="18"><p ALIGN="JUSTIFY"><font face="Times New Roman"
    SIZE="2">permitting any change to the authorised or issued share capital from time to time
    of the Company, granting or agreeing to grant any option over or right to acquire or
    issuing or agreeing to issue any instrument carrying rights of conversion into any Share
    or other security of the Company, permitting the redemption or purchase by the Company of
    any Shares or any other reorganisation of the share capital of the Company;</font></td>
  </tr>
  <tr>
    <td WIDTH="59" VALIGN="top" height="18"></td>
    <td WIDTH="45" VALIGN="top" height="18"></td>
    <td WIDTH="578" VALIGN="top" height="18"></td>
  </tr>
  <tr>
    <td WIDTH="59" VALIGN="top" height="18"></td>
    <td WIDTH="45" VALIGN="top" height="18"><font face="Times New Roman" SIZE="2">(c)</font></td>
    <td WIDTH="578" VALIGN="top" height="18"><p ALIGN="JUSTIFY"><font face="Times New Roman"
    SIZE="2">varying any rights, benefits or restrictions attaching to any Shares;</font></td>
  </tr>
  <tr>
    <td WIDTH="59" VALIGN="top" height="18"></td>
    <td WIDTH="45" VALIGN="top" height="18"></td>
    <td WIDTH="578" VALIGN="top" height="18"></td>
  </tr>
  <tr>
    <td WIDTH="59" VALIGN="top" height="18"></td>
    <td WIDTH="45" VALIGN="top" height="18"><font face="Times New Roman" SIZE="2">(d)</font></td>
    <td WIDTH="578" VALIGN="top" height="18"><p ALIGN="JUSTIFY"><font face="Times New Roman"
    SIZE="2">amending the Articles of Association or other constitutional documents of the
    Company;</font></td>
  </tr>
  <tr>
    <td WIDTH="59" VALIGN="top" height="18"></td>
    <td WIDTH="45" VALIGN="top" height="18"></td>
    <td WIDTH="578" VALIGN="top" height="18"></td>
  </tr>
  <tr>
    <td WIDTH="59" VALIGN="top" height="18"></td>
    <td WIDTH="45" VALIGN="top" height="18"><font face="Times New Roman" SIZE="2">(e)</font></td>
    <td WIDTH="578" VALIGN="top" height="18"><p ALIGN="JUSTIFY"><font face="Times New Roman"
    SIZE="2">approving the Business Plan or making any substantive alteration to any Business
    Plan so approved;</font></td>
  </tr>
  <tr>
    <td WIDTH="59" VALIGN="top" height="18"></td>
    <td WIDTH="45" VALIGN="top" height="18"></td>
    <td WIDTH="578" VALIGN="top" height="18"></td>
  </tr>
  <tr>
    <td WIDTH="59" VALIGN="top" height="18"></td>
    <td WIDTH="45" VALIGN="top" height="18"><font face="Times New Roman" SIZE="2">(f)</font></td>
    <td WIDTH="578" VALIGN="top" height="18"><p ALIGN="JUSTIFY"><font face="Times New Roman"
    SIZE="2">making any composition or arrangement with its creditors, moving for insolvency,
    receivership or administration or doing or permitting or suffering to be done any act or
    thing whereby the Company may be wound up (whether voluntarily or compulsorily);</font></td>
  </tr>
  <tr>
    <td WIDTH="59" VALIGN="top" height="18"></td>
    <td WIDTH="45" VALIGN="top" height="18"></td>
    <td WIDTH="578" VALIGN="top" height="18"></td>
  </tr>
  <tr>
    <td WIDTH="59" VALIGN="top" height="18"></td>
    <td WIDTH="45" VALIGN="top" height="18"><font face="Times New Roman" SIZE="2">(g)</font></td>
    <td WIDTH="578" VALIGN="top" height="18"><p ALIGN="JUSTIFY"><font face="Times New Roman"
    SIZE="2">carrying on any business other than the business activities described in Clause
    2.1;</font></td>
  </tr>
  <tr>
    <td WIDTH="59" VALIGN="top" height="18"></td>
    <td WIDTH="45" VALIGN="top" height="18"></td>
    <td WIDTH="578" VALIGN="top" height="18"></td>
  </tr>
  <tr>
    <td WIDTH="59" VALIGN="top" height="18"></td>
    <td WIDTH="45" VALIGN="top" height="18"><font face="Times New Roman" SIZE="2">(i)</font></td>
    <td WIDTH="578" VALIGN="top" height="18"><p ALIGN="JUSTIFY"><font face="Times New Roman"
    SIZE="2">declaring or paying any dividend or other distribution in cash or specie except
    as provided in Clause 8.2(b);</font></td>
  </tr>
  <tr>
    <td WIDTH="59" VALIGN="top" height="18"></td>
    <td WIDTH="45" VALIGN="top" height="18"></td>
    <td WIDTH="578" VALIGN="top" height="18"></td>
  </tr>
  <tr>
    <td WIDTH="59" VALIGN="top" height="18"></td>
    <td WIDTH="45" VALIGN="top" height="18"><font face="Times New Roman" SIZE="2">(j) </font></td>
    <td WIDTH="578" VALIGN="top" height="18"><font face="Times New Roman" SIZE="2">entering
    into any partnership or profit sharing or joint venture arrangement;</font></td>
  </tr>
</table>
</center></div>

<p align="center"><font face="Times New Roman" SIZE="2">5</font><font SIZE="2"></p>
<u>

<hr style="PAGE-BREAK-AFTER: always" align="center" width="100%" color="black" noShade
SIZE="1">
</u><div align="center"><center>

<table CELLSPACING="0" BORDER="0" CELLPADDING="1" WIDTH="686">
  <tr>
    <td WIDTH="59" VALIGN="top" height="18"></td>
    <td WIDTH="45" VALIGN="top" height="18"></font><font face="Times New Roman" SIZE="2">(k)</font></td>
    <td WIDTH="578" VALIGN="top" height="18"><p ALIGN="JUSTIFY"><font face="Times New Roman"
    SIZE="2">adopting the annual accounts of the Company, amending the accounting policies or
    reporting practices previously adopted by the Company, or changing the auditors of the
    Company; or</font></td>
  </tr>
  <tr>
    <td WIDTH="59" VALIGN="top" height="18"></td>
    <td WIDTH="45" VALIGN="top" height="18"></td>
    <td WIDTH="578" VALIGN="top" height="18"></td>
  </tr>
  <tr>
    <td WIDTH="59" VALIGN="top" height="18"></td>
    <td WIDTH="45" VALIGN="top" height="18"><font face="Times New Roman" SIZE="2">(l)</font></td>
    <td WIDTH="578" VALIGN="top" height="18"><p ALIGN="JUSTIFY"><font face="Times New Roman"
    SIZE="2">entering into, amending or terminating any agreement or other arrangement between
    the Company and any Shareholder or any Affiliated Company of a Shareholder.</font></td>
  </tr>
  <tr>
    <td WIDTH="59" VALIGN="top" height="18"></td>
    <td WIDTH="623" VALIGN="top" height="18" colspan="2"></td>
  </tr>
  <tr>
    <td WIDTH="59" VALIGN="top" height="18"><font face="Times New Roman" SIZE="2">4.11</font></td>
    <td WIDTH="623" VALIGN="top" height="18" colspan="2"><p ALIGN="JUSTIFY"><font
    face="Times New Roman" SIZE="2"><b><u>Separate and independent undertaking</u>.</b> As a
    separate and independent undertaking, the Company agrees with each Shareholder that it
    will (so far as permitted by Applicable Law) observe and comply with the provisions,
    prohibitions and restrictions in this Clause 4.</font></td>
  </tr>
  <tr>
    <td WIDTH="59" VALIGN="top" height="18"></td>
    <td WIDTH="623" VALIGN="top" height="18" colspan="2"></td>
  </tr>
  <tr>
    <td WIDTH="59" VALIGN="top" height="18"><font face="Times New Roman" SIZE="2">4.12</font></td>
    <td WIDTH="623" VALIGN="top" height="18" colspan="2"><p ALIGN="JUSTIFY"><font
    face="Times New Roman" SIZE="2"><b><u>Duty to the Company</u>.</b> Each of the Directors,
    in performing his duties to the Company, shall be entitled to consider the interest of the
    Shareholder which designated or appointed him to the Board pursuant to Clause 4.2.</font></td>
  </tr>
  <tr>
    <td WIDTH="59" VALIGN="top" height="18"></td>
    <td WIDTH="623" VALIGN="top" height="18" colspan="2"></td>
  </tr>
  <tr>
    <td WIDTH="59" VALIGN="top" height="18"><font face="Times New Roman" SIZE="2">5</font></td>
    <td WIDTH="623" VALIGN="top" height="18" colspan="2"><font face="Times New Roman" SIZE="2">TRANSFER
    OF SHARES</font></td>
  </tr>
  <tr>
    <td WIDTH="59" VALIGN="top" height="18"></td>
    <td WIDTH="623" VALIGN="top" height="18" colspan="2"></td>
  </tr>
  <tr>
    <td WIDTH="59" VALIGN="top" height="18"><font face="Times New Roman" SIZE="2">5.1</font></td>
    <td WIDTH="623" VALIGN="top" height="18" colspan="2"><p ALIGN="JUSTIFY"><font
    face="Times New Roman" SIZE="2"><b><u>Restriction on transfers</u>.</b> Subject to the
    provisions of this Agreement, no transfer of any Shares shall be made by any Shareholder
    unless the provisions in this Clause 5 are complied with in respect of such transfer, and
    no Shareholder shall sell, mortgage, charge or otherwise dispose of or encumber the whole
    or any part of its shareholding or assign or otherwise purport to deal with the beneficial
    interest therein or any right in relation thereto separate from the legal interest.</font></td>
  </tr>
  <tr>
    <td WIDTH="59" VALIGN="top" height="18"></td>
    <td WIDTH="623" VALIGN="top" height="18" colspan="2"></td>
  </tr>
  <tr>
    <td WIDTH="59" VALIGN="top" height="18"><font face="Times New Roman" SIZE="2">5.2</font></td>
    <td WIDTH="623" VALIGN="top" height="18" colspan="2"><p ALIGN="JUSTIFY"><font
    face="Times New Roman" SIZE="2"><b><u>Transfer to Affiliated Companies</u>. </b>The
    Parties agree that a transfer of Shares by a Shareholder to its Affiliated Company shall
    be permitted provided that:</font></td>
  </tr>
  <tr>
    <td WIDTH="59" VALIGN="top" height="18"></td>
    <td WIDTH="623" VALIGN="top" height="18" colspan="2"></td>
  </tr>
  <tr>
    <td WIDTH="59" VALIGN="top" height="18"></td>
    <td WIDTH="45" VALIGN="top" height="18"><font face="Times New Roman" SIZE="2">(a)</font></td>
    <td WIDTH="578" VALIGN="top" height="18"><p ALIGN="JUSTIFY"><font face="Times New Roman"
    SIZE="2">the obligations of the transferor Shareholder under this Agreement will remain
    unaffected by the proposed transfer; and</font></td>
  </tr>
  <tr>
    <td WIDTH="59" VALIGN="top" height="18"></td>
    <td WIDTH="45" VALIGN="top" height="18"></td>
    <td WIDTH="578" VALIGN="top" height="18"></td>
  </tr>
  <tr>
    <td WIDTH="59" VALIGN="top" height="18"></td>
    <td WIDTH="45" VALIGN="top" height="18"><font face="Times New Roman" SIZE="2">(b)</font></td>
    <td WIDTH="578" VALIGN="top" height="18"><p ALIGN="JUSTIFY"><font face="Times New Roman"
    SIZE="2">the Shares will be re-transferred to the transferor Shareholder immediately upon
    the transferee ceasing to be an Affiliated Company of the transferor Shareholder.</font></td>
  </tr>
  <tr>
    <td WIDTH="59" VALIGN="top" height="18"></td>
    <td WIDTH="623" VALIGN="top" height="18" colspan="2"></td>
  </tr>
  <tr>
    <td WIDTH="59" VALIGN="top" height="18"><font face="Times New Roman" SIZE="2">5.3</font></td>
    <td WIDTH="623" VALIGN="top" height="18" colspan="2"><u><font face="Times New Roman"
    SIZE="2"><b>Pre-emption rights</b></font></u></td>
  </tr>
  <tr>
    <td WIDTH="59" VALIGN="top" height="18"></td>
    <td WIDTH="623" VALIGN="top" height="18" colspan="2"></td>
  </tr>
  <tr>
    <td WIDTH="59" VALIGN="top" height="18"><font face="Times New Roman" SIZE="2">5.3.1</font></td>
    <td WIDTH="623" VALIGN="top" height="18" colspan="2"><p ALIGN="JUSTIFY"><font
    face="Times New Roman" SIZE="2">A Shareholder ("<b>Transferor</b>") wishing to
    transfer any or all of its Shares to an unaffiliated third party who has made a bona fide
    offer therefor shall give a notice in writing ("<b>Transfer Notice</b>") to each
    other Shareholder that it desires to transfer the same. The Transfer Notice shall specify:</font></td>
  </tr>
  <tr>
    <td WIDTH="59" VALIGN="top" height="18"></td>
    <td WIDTH="623" VALIGN="top" height="18" colspan="2"></td>
  </tr>
  <tr>
    <td WIDTH="59" VALIGN="top" height="18"></td>
    <td WIDTH="45" VALIGN="top" height="18"><font face="Times New Roman" SIZE="2">(a)</font></td>
    <td WIDTH="578" VALIGN="top" height="18"><p ALIGN="JUSTIFY"><font face="Times New Roman"
    SIZE="2">the number of shares which the Transferor wishes to transfer ("<b>Relevant
    Shares</b>");</font></td>
  </tr>
  <tr>
    <td WIDTH="59" VALIGN="top" height="18"></td>
    <td WIDTH="45" VALIGN="top" height="18"></td>
    <td WIDTH="578" VALIGN="top" height="18"></td>
  </tr>
  <tr>
    <td WIDTH="59" VALIGN="top" height="18"></td>
    <td WIDTH="45" VALIGN="top" height="18"><font face="Times New Roman" SIZE="2">(b)</font></td>
    <td WIDTH="578" VALIGN="top" height="18"><p ALIGN="JUSTIFY"><font face="Times New Roman"
    SIZE="2">the name of the person who made the bona fide offer for the Relevant Shares
    ("<b>Transferee</b>");</font></td>
  </tr>
  <tr>
    <td WIDTH="59" VALIGN="top" height="18"></td>
    <td WIDTH="45" VALIGN="top" height="18"></td>
    <td WIDTH="578" VALIGN="top" height="18"></td>
  </tr>
  <tr>
    <td WIDTH="59" VALIGN="top" height="18"></td>
    <td WIDTH="45" VALIGN="top" height="18"><font face="Times New Roman" SIZE="2">(c)</font></td>
    <td WIDTH="578" VALIGN="top" height="18"><p ALIGN="JUSTIFY"><font face="Times New Roman"
    SIZE="2">the price in cash which the Transferee has offered for the Relevant Shares; and</font></td>
  </tr>
  <tr>
    <td WIDTH="59" VALIGN="top" height="18"></td>
    <td WIDTH="45" VALIGN="top" height="18"></td>
    <td WIDTH="578" VALIGN="top" height="18"></td>
  </tr>
  <tr>
    <td WIDTH="59" VALIGN="top" height="18"></td>
    <td WIDTH="45" VALIGN="top" height="18"><font face="Times New Roman" SIZE="2">(d)</font></td>
    <td WIDTH="578" VALIGN="top" height="18"><p ALIGN="JUSTIFY"><font face="Times New Roman"
    SIZE="2">details of any other material terms of the offer made by the Transferee,</font></td>
  </tr>
  <tr>
    <td WIDTH="59" VALIGN="top" height="18"></td>
    <td WIDTH="623" VALIGN="top" height="18" colspan="2"></td>
  </tr>
  <tr>
    <td WIDTH="59" VALIGN="top" height="18"></td>
    <td WIDTH="623" VALIGN="top" height="18" colspan="2"><p ALIGN="JUSTIFY"><font
    face="Times New Roman" SIZE="2">and shall be accompanied by a term sheet executed by the
    Transferor and Transferee reflecting the matters set out in Clauses 5.3.1(a) to (d) above.</font></td>
  </tr>
  <tr>
    <td WIDTH="59" VALIGN="top" height="18"></td>
    <td WIDTH="623" VALIGN="top" height="18" colspan="2"></td>
  </tr>
  <tr>
    <td WIDTH="59" VALIGN="top" height="18"><font face="Times New Roman" SIZE="2">5.3.2</font></td>
    <td WIDTH="623" VALIGN="top" height="18" colspan="2"><p ALIGN="JUSTIFY"><font
    face="Times New Roman" SIZE="2">Each other Shareholder shall be entitled within a period
    of 20 days after the Transfer Notice was given ("<b>Prescribed Period</b>") to
    serve a purchase notice ("<b>Purchase Notice</b>") on the Transferor requiring
    it to sell all (but not part only) of the Relevant Shares to it at the same price and on
    the same material terms as those offered by the Transferee as set out in the Transfer
    Notice and evidenced by the term sheet referred to in Clause 5.3(a).</font></td>
  </tr>
</table>
</center></div>

<p align="center"><font face="Times New Roman" SIZE="2">6</font><font SIZE="2"></p>
<u>

<hr style="PAGE-BREAK-AFTER: always" align="center" width="100%" color="black" noShade
SIZE="1">
</u><div align="center"><center>

<table CELLSPACING="0" BORDER="0" CELLPADDING="1" WIDTH="686">
  <tr>
    <td WIDTH="59" VALIGN="top" height="18"></font><font face="Times New Roman" SIZE="2">5.3.3</font></td>
    <td WIDTH="623" VALIGN="top" height="18"><p ALIGN="JUSTIFY"><font face="Times New Roman"
    SIZE="2">If only one Shareholder serves a Purchase Notice within the Prescribed Period,
    such Shareholder shall be entitled to purchase all of the Relevant Shares at the price per
    Share and on the material terms set out in the Transfer Notice. The Transferor shall be
    bound upon payment by such Shareholder to transfer to it, and such Shareholder shall be
    bound to pay for and accept a transfer of, all of the Relevant Shares.</font></td>
  </tr>
  <tr>
    <td WIDTH="59" VALIGN="top" height="18"></td>
    <td WIDTH="623" VALIGN="top" height="18"></td>
  </tr>
  <tr>
    <td WIDTH="59" VALIGN="top" height="18"><font face="Times New Roman" SIZE="2">5.3.4</font></td>
    <td WIDTH="623" VALIGN="top" height="18"><p ALIGN="JUSTIFY"><font face="Times New Roman"
    SIZE="2">If more than one Shareholder serve a Purchase Notice within the Prescribed
    Period, each such Shareholder shall be entitled to purchase such number of the Relevant
    Shares as is equivalent to the total number of Relevant Shares multiplied by a fraction,
    the numerator of which is the number of Shares held by each such Shareholder and the
    denominator of which is the total number of Shares held by all such Shareholders, at the
    price per Share and on the material terms set out in the Transfer Notice. The Transferor
    shall be bound upon payment by each such Shareholder to transfer to it, and each such
    Shareholder shall be bound to pay for and accept a transfer of, the relevant number of
    Relevant Shares. Completion of the transfer of the Relevant Shares to the purchasing
    Shareholders pursuant to this Clause 5.3(d) shall take place simultaneously.</font></td>
  </tr>
  <tr>
    <td WIDTH="59" VALIGN="top" height="18"></td>
    <td WIDTH="623" VALIGN="top" height="18"></td>
  </tr>
  <tr>
    <td WIDTH="59" VALIGN="top" height="18"><font face="Times New Roman" SIZE="2">5.3.5</font></td>
    <td WIDTH="623" VALIGN="top" height="18"><p ALIGN="JUSTIFY"><font face="Times New Roman"
    SIZE="2">Completion of the transfer of the Relevant Shares pursuant to Clause 5.3.3 or
    5.3.4 shall occur at such time and place as may be agreed by the Transferor and the
    purchasing Shareholder(s), provided that it shall not be later than 30 days from the date
    on which the Purchase Notice or the last of the Purchase Notices was served in accordance
    with Clause 5.3.2.</font></td>
  </tr>
  <tr>
    <td WIDTH="59" VALIGN="top" height="18"></td>
    <td WIDTH="623" VALIGN="top" height="18"></td>
  </tr>
  <tr>
    <td WIDTH="59" VALIGN="top" height="18"><font face="Times New Roman" SIZE="2">5.3.6</font></td>
    <td WIDTH="623" VALIGN="top" height="18"><p ALIGN="JUSTIFY"><font face="Times New Roman"
    SIZE="2">If no Shareholder has served on the Transferor a Purchase Notice within the
    Prescribed Period, the Transferor shall be entitled to sell all (but not part only) of the
    Relevant Shares to the Transferee at the price and on the material terms set out in the
    Transfer Notice, provided that if such sale is not completed within 2 months after the
    Transfer Notice was given the right of the Transferor to sell the Relevant Shares to the
    Transferee shall lapse. The Directors shall be bound to register a transfer effected
    pursuant to this Clause 5.3.6.</font></td>
  </tr>
  <tr>
    <td WIDTH="59" VALIGN="top" height="18"></td>
    <td WIDTH="623" VALIGN="top" height="18"></td>
  </tr>
  <tr>
    <td WIDTH="59" VALIGN="top" height="18"><font face="Times New Roman" SIZE="2">5.4</font></td>
    <td WIDTH="623" VALIGN="top" height="18"><u><font face="Times New Roman" SIZE="2"><b>Default</b></font></u></td>
  </tr>
  <tr>
    <td WIDTH="59" VALIGN="top" height="18"></td>
    <td WIDTH="623" VALIGN="top" height="18"></td>
  </tr>
  <tr>
    <td WIDTH="59" VALIGN="top" height="18"><font face="Times New Roman" SIZE="2">5.4.1</font></td>
    <td WIDTH="623" VALIGN="top" height="18"><p ALIGN="JUSTIFY"><font face="Times New Roman"
    SIZE="2">Upon the occurrence of any of the following events ("<b>Default Event</b>")
    in respect of a Shareholder ("<b>Defaulting Shareholder</b>"), each other
    Shareholder may serve a written notice of default in relation thereto on the Defaulting
    Shareholder:</font></td>
  </tr>
  <tr>
    <td WIDTH="59" VALIGN="top" height="18"></td>
    <td WIDTH="623" VALIGN="top" height="18"></td>
  </tr>
</table>
</center></div><div align="center"><center>

<table CELLSPACING="0" BORDER="0" CELLPADDING="1" WIDTH="686">
  <tr>
    <td WIDTH="59" VALIGN="top" height="18"></td>
    <td WIDTH="45" VALIGN="top" height="18"><font face="Times New Roman" SIZE="2">(a)</font></td>
    <td WIDTH="578" VALIGN="top" height="18"><p ALIGN="JUSTIFY"><font face="Times New Roman"
    SIZE="2">if the Defaulting Shareholder is in material breach of any of its obligations
    under this Agreement and such breach, if capable of remedy, has not been remedied to the
    reasonable satisfaction of each other Shareholder on expiry of 30 days following written
    notice to that effect having been served on the Defaulting Shareholder requiring the
    breach to be remedied;</font></td>
  </tr>
  <tr>
    <td WIDTH="59" VALIGN="top" height="18"></td>
    <td WIDTH="45" VALIGN="top" height="18"></td>
    <td WIDTH="578" VALIGN="top" height="18"></td>
  </tr>
  <tr>
    <td WIDTH="59" VALIGN="top" height="18"></td>
    <td WIDTH="45" VALIGN="top" height="18"><font face="Times New Roman" SIZE="2">(b)</font></td>
    <td WIDTH="578" VALIGN="top" height="18"><p ALIGN="JUSTIFY"><font face="Times New Roman"
    SIZE="2">a petition is presented or proceeding is commenced or an order is made or an
    effective resolution is passed for the winding-up, insolvency, administration,
    reorganisation, reconstruction, dissolution or bankruptcy of the Defaulting Shareholder or
    for the appointment of a liquidator, receiver, administrator, trustee or similar officer
    of the Defaulting Shareholder or of all or a substantial part of its property, assets or
    revenues;</font></td>
  </tr>
  <tr>
    <td WIDTH="59" VALIGN="top" height="18"></td>
    <td WIDTH="45" VALIGN="top" height="18"></td>
    <td WIDTH="578" VALIGN="top" height="18"></td>
  </tr>
  <tr>
    <td WIDTH="59" VALIGN="top" height="18"></td>
    <td WIDTH="45" VALIGN="top" height="18"><font face="Times New Roman" SIZE="2">(c)</font></td>
    <td WIDTH="578" VALIGN="top" height="18"><p ALIGN="JUSTIFY"><font face="Times New Roman"
    SIZE="2">the Defaulting Shareholder stops or suspends payment to its creditors generally
    or is unable or admits its inability to pay its debts as they fall due or seeks to enter
    into any composition or other arrangement with its creditors or is declared or becomes
    bankrupt or insolvent.</font></td>
  </tr>
  <tr>
    <td WIDTH="59" VALIGN="top" height="18"></td>
    <td WIDTH="45" VALIGN="top" height="18"></td>
    <td WIDTH="578" VALIGN="top" height="18"></td>
  </tr>
  <tr>
    <td WIDTH="59" VALIGN="top" height="18"><font face="Times New Roman" SIZE="2">5.4.2</font></td>
    <td WIDTH="623" VALIGN="top" height="18" colspan="2"><p ALIGN="JUSTIFY"><font
    face="Times New Roman" SIZE="2">Each other Shareholder shall have the right to require the
    Defaulting Shareholder to sell to it all (but not part only) of the Shares of the
    Defaulting Shareholder ("<b>Call Option</b>"). A Shareholder wishing to exercise
    the Call Option ("<b>Exercising Shareholder</b>") shall do so by serving written
    notice ("<b>Call Option Notice</b>") on the Defaulting Shareholder within 30
    days of the notice of default referred to in Clause 5.4.1. Upon service of a Call Option
    Notice(s), the Defaulting Shareholder shall be bound to transfer all of its Shares to the
    Exercising Shareholder(s) in accordance with this Clause 5.4.</font></td>
  </tr>
</table>
</center></div>

<p align="center"><font face="Times New Roman" SIZE="2">7</font><font SIZE="2"></p>
<u>

<hr style="PAGE-BREAK-AFTER: always" align="center" width="100%" color="black" noShade
SIZE="1">
</u><div align="center"><center>

<table CELLSPACING="0" BORDER="0" CELLPADDING="1" WIDTH="686">
  <tr>
    <td WIDTH="59" VALIGN="top" height="18"></font><font face="Times New Roman" SIZE="2">5.4.2.1</font></td>
    <td WIDTH="623" VALIGN="top" height="18" colspan="2"><p ALIGN="JUSTIFY"><font
    face="Times New Roman" SIZE="2">If there is only one Exercising Shareholder, such
    Exercising Shareholder shall be entitled to purchase all (but part only) of the Shares
    held by the Defaulting Shareholder. If there is more than one Exercising Shareholder, each
    Exercising Shareholder shall have the right to purchase such number of the Shares held by
    the Defaulting Shareholder as is equivalent to the total number of Shares held by the
    Defaulting Shareholder multiplied by a fraction, the numerator of which is the number of
    Shares held by such Exercising Shareholder and the denominator of which is the total
    number of Shares held by all the Exercising Shareholders.</font></td>
  </tr>
  <tr>
    <td WIDTH="59" VALIGN="top" height="18"></td>
    <td WIDTH="623" VALIGN="top" height="18" colspan="2"></td>
  </tr>
  <tr>
    <td WIDTH="59" VALIGN="top" height="18"><font face="Times New Roman" SIZE="2">5.4.2.2</font></td>
    <td WIDTH="623" VALIGN="top" height="18" colspan="2"><p ALIGN="JUSTIFY"><font
    face="Times New Roman" SIZE="2">The transfer of the Shares by the Defaulting Shareholder
    to the Exercising Shareholder(s) pursuant to this Clause 5.4 shall be at a price per Share
    equivalent to the net worth of the Company divided by the number of Shares in issue and
    outstanding at the time of valuation ("<b>Net Asset Value per Share</b>") as
    agreed by the Defaulting Shareholder and the Exercising Shareholder(s).</font></td>
  </tr>
  <tr>
    <td WIDTH="59" VALIGN="top" height="18"></td>
    <td WIDTH="623" VALIGN="top" height="18" colspan="2"></td>
  </tr>
  <tr>
    <td WIDTH="59" VALIGN="top" height="18"><font face="Times New Roman" SIZE="2">5.4.2.3</font></td>
    <td WIDTH="623" VALIGN="top" height="18" colspan="2"><p ALIGN="JUSTIFY"><font
    face="Times New Roman" SIZE="2">If the Defaulting Shareholder and the Exercising
    Shareholder(s) are not able to reach agreement on the Net Asset Value per Share within 20
    days after the Call Option Notice or the last of the Call Option Notices was served, the
    Board shall forthwith appoint an internationally recognised independent valuation expert
    or investment bank (other than any of the Shareholders or their Affiliated Companies)
    ("<b>Valuer</b>") to determine the Net Asset Value per Share. The Net Asset
    Value per Share as determined and certified in writing by the Valuer shall, in the absence
    of manifest error, be conclusive and binding on the Defaulting Shareholder and the
    Exercising Shareholder(s). In determining the Net Asset Value per Share, the Valuer shall
    act as experts and not as arbitrators. The costs of such determination shall be borne by
    the Defaulting Shareholder.</font></td>
  </tr>
  <tr>
    <td WIDTH="59" VALIGN="top" height="18"></td>
    <td WIDTH="623" VALIGN="top" height="18" colspan="2"></td>
  </tr>
  <tr>
    <td WIDTH="59" VALIGN="top" height="18"><font face="Times New Roman" SIZE="2">5.4.2.4</font></td>
    <td WIDTH="623" VALIGN="top" height="18" colspan="2"><p ALIGN="JUSTIFY"><font
    face="Times New Roman" SIZE="2">Completion of the sale and purchase of the Shares of the
    Defaulting Shareholder pursuant to this Clause 5.5 shall take place no later than 30 days
    after the date on which the Defaulting Shareholder and the Exercising Shareholder(s) agree
    on the Net Asset Value per Share or the date on which the Valuer certifies in writing its
    determination of the Net Asset Value per Share, whichever is later.</font></td>
  </tr>
  <tr>
    <td WIDTH="59" VALIGN="top" height="18"></td>
    <td WIDTH="623" VALIGN="top" height="18" colspan="2"></td>
  </tr>
  <tr>
    <td WIDTH="59" VALIGN="top" height="18"><font face="Times New Roman" SIZE="2">5.5</font></td>
    <td WIDTH="623" VALIGN="top" height="18" colspan="2"><p ALIGN="JUSTIFY"><font
    face="Times New Roman" SIZE="2"><b><u>Condition precedent to transfer</u>.</b> It shall be
    a condition precedent to the right of any Shareholder to transfer any Shares permitted by
    this Clause 5 that:</font></td>
  </tr>
  <tr>
    <td WIDTH="59" VALIGN="top" height="18"></td>
    <td WIDTH="623" VALIGN="top" height="18" colspan="2"></td>
  </tr>
  <tr>
    <td WIDTH="59" VALIGN="top" height="18"></td>
    <td WIDTH="45" VALIGN="top" height="18"><font face="Times New Roman" SIZE="2">(a)</font></td>
    <td WIDTH="578" VALIGN="top" height="18"><p ALIGN="JUSTIFY"><font face="Times New Roman"
    SIZE="2">the transferee (if not already bound by the provisions of this Agreement)
    executes a Deed of Adherence under which the transferee shall agree to be bound by and
    shall be entitled to the benefit of this Agreement as if an original party hereto; and</font></td>
  </tr>
  <tr>
    <td WIDTH="59" VALIGN="top" height="18"></td>
    <td WIDTH="45" VALIGN="top" height="18"></td>
    <td WIDTH="578" VALIGN="top" height="18"></td>
  </tr>
  <tr>
    <td WIDTH="59" VALIGN="top" height="18"></td>
    <td WIDTH="45" VALIGN="top" height="18"><font face="Times New Roman" SIZE="2">(b)</font></td>
    <td WIDTH="578" VALIGN="top" height="18"><p ALIGN="JUSTIFY"><font face="Times New Roman"
    SIZE="2">except where the transfer is in accordance with Clause 5.2 or Clause 5.4.2, the
    transferor assigns and the transferee accepts an assignment of all or, in the case of a
    transfer of part of the Shares of a Shareholder, a proportionate part of the loans or
    guarantees made to or given on behalf of the Company by the transferor and for the time
    being outstanding.</font></td>
  </tr>
  <tr>
    <td WIDTH="59" VALIGN="top" height="18"></td>
    <td WIDTH="45" VALIGN="top" height="18"></td>
    <td WIDTH="578" VALIGN="top" height="18"></td>
  </tr>
  <tr>
    <td WIDTH="59" VALIGN="top" height="18"><font face="Times New Roman" SIZE="2">5.6</font></td>
    <td WIDTH="623" VALIGN="top" height="18" colspan="2"><p ALIGN="JUSTIFY"><font
    face="Times New Roman" SIZE="2"><b><u>Directors to register transfer</u>.</b> The
    Shareholders will procure the Directors to register any transfer of Shares which complies
    with the provisions of this Clause 5.</font></td>
  </tr>
  <tr>
    <td WIDTH="59" VALIGN="top" height="18"></td>
    <td WIDTH="623" VALIGN="top" height="18" colspan="2"></td>
  </tr>
  <tr>
    <td WIDTH="59" VALIGN="top" height="18"><font face="Times New Roman" SIZE="2">5.7</font></td>
    <td WIDTH="623" VALIGN="top" height="18" colspan="2"><p ALIGN="JUSTIFY"><font
    face="Times New Roman" SIZE="2"><b><u>Completion of transfer</u>.</b> All transfers
    between the Shareholders, whether pursuant to this Clause 5 or any other provision of this
    Agreement, shall be effected by the transferor selling as beneficial owner free and clear
    of all liens, charges and encumbrances and together with all rights attaching thereto.
    Upon completion, the transferor shall deliver to the transferee duly executed transfers in
    respect of the Shares transferred in favour of the transferee together with the relative
    share certificates against payment by the transferee of the price due in respect thereof.
    The Shareholders shall do or procure to be done all such acts and things as may be
    necessary to give full effect to the transfers and the registration thereof.</font></td>
  </tr>
  <tr>
    <td WIDTH="59" VALIGN="top" height="18"></td>
    <td WIDTH="623" VALIGN="top" height="18" colspan="2"></td>
  </tr>
  <tr>
    <td WIDTH="59" VALIGN="top" height="18"><font face="Times New Roman" SIZE="2">5.8</font></td>
    <td WIDTH="623" VALIGN="top" height="18" colspan="2"><p ALIGN="JUSTIFY"><font
    face="Times New Roman" SIZE="2"><b><u>Transfer by unanimous consent</u>.</b> The foregoing
    provisions of this Clause 5 shall not apply to any transfer of Shares to which the consent
    of all the Shareholders is obtained in writing.</font></td>
  </tr>
  <tr>
    <td WIDTH="59" VALIGN="top" height="18"></td>
    <td WIDTH="623" VALIGN="top" height="18" colspan="2"></td>
  </tr>
  <tr>
    <td WIDTH="59" VALIGN="top" height="18"><font face="Times New Roman" SIZE="2">5.9</font></td>
    <td WIDTH="623" VALIGN="top" height="18" colspan="2"><p ALIGN="JUSTIFY"><font
    face="Times New Roman" SIZE="2"><b><u>Ceasing to hold any Shares</u>.</b> Save as
    otherwise provided herein, if a Party ceases to be a Shareholder by reason of transferring
    all of its Shares to another Shareholder or person, whether pursuant to this Clause 5 or
    otherwise, the provisions of this Agreement (other than Clauses 1, 9, 11, 16 and 18) shall
    cease to have effect in relation to the former Shareholder save in relation to any
    antecedent claims which may have arisen between the Parties prior to such transfer.</font></td>
  </tr>
</table>
</center></div>

<p align="center"><font face="Times New Roman" SIZE="2">8</font><font SIZE="2"></p>
<u>

<hr style="PAGE-BREAK-AFTER: always" align="center" width="100%" color="black" noShade
SIZE="1">
</u><div align="center"><center>

<table CELLSPACING="0" BORDER="0" CELLPADDING="1" WIDTH="686">
  <tr>
    <td WIDTH="59" VALIGN="top" height="18"></font><font face="Times New Roman" SIZE="2">6</font></td>
    <td WIDTH="623" VALIGN="top" height="18" colspan="2"><font face="Times New Roman" SIZE="2">GENERAL
    COVENANTS</font></td>
  </tr>
  <tr>
    <td WIDTH="59" VALIGN="top" height="18"></td>
    <td WIDTH="623" VALIGN="top" height="18" colspan="2"></td>
  </tr>
  <tr>
    <td WIDTH="59" VALIGN="top" height="18"><font face="Times New Roman" SIZE="2">6.1</font></td>
    <td WIDTH="623" VALIGN="top" height="18" colspan="2"><font face="Times New Roman" SIZE="2">The
    Company shall:</font></td>
  </tr>
  <tr>
    <td WIDTH="59" VALIGN="top" height="18"></td>
    <td WIDTH="623" VALIGN="top" height="18" colspan="2"></td>
  </tr>
  <tr>
    <td WIDTH="59" VALIGN="top" height="18"></td>
    <td WIDTH="45" VALIGN="top" height="18"><font face="Times New Roman" SIZE="2">(i)</font></td>
    <td WIDTH="578" VALIGN="top" height="18"><p ALIGN="JUSTIFY"><font face="Times New Roman"
    SIZE="2">keep true and accurate books of account and records in accordance with usual
    accounting practices and procedures and procure that such books and records are audited by
    the Company's auditors from time to time as soon as possible after the end of each
    financial year;</font></td>
  </tr>
  <tr>
    <td WIDTH="59" VALIGN="top" height="18"></td>
    <td WIDTH="45" VALIGN="top" height="18"></td>
    <td WIDTH="578" VALIGN="top" height="18"></td>
  </tr>
  <tr>
    <td WIDTH="59" VALIGN="top" height="18"></td>
    <td WIDTH="45" VALIGN="top" height="18"><font face="Times New Roman" SIZE="2">(ii)</font></td>
    <td WIDTH="578" VALIGN="top" height="18"><p ALIGN="JUSTIFY"><font face="Times New Roman"
    SIZE="2">promptly deliver to each Shareholder true and accurate copies of all material
    reports, statements, tax returns, filings, notices and other documents and correspondence
    filed with or received from any relevant governmental or regulatory authority; and</font></td>
  </tr>
  <tr>
    <td WIDTH="59" VALIGN="top" height="18"></td>
    <td WIDTH="45" VALIGN="top" height="18"></td>
    <td WIDTH="578" VALIGN="top" height="18"></td>
  </tr>
  <tr>
    <td WIDTH="59" VALIGN="top" height="18"></td>
    <td WIDTH="45" VALIGN="top" height="18"><font face="Times New Roman" SIZE="2">(iii)</font></td>
    <td WIDTH="578" VALIGN="top" height="18"><p ALIGN="JUSTIFY"><font face="Times New Roman"
    SIZE="2">provide each Shareholder with such financial or other information relating to the
    Company as such Shareholder may reasonably request from time to time.</font></td>
  </tr>
  <tr>
    <td WIDTH="59" VALIGN="top" height="18"></td>
    <td WIDTH="45" VALIGN="top" height="18"></td>
    <td WIDTH="578" VALIGN="top" height="18"></td>
  </tr>
  <tr>
    <td WIDTH="59" VALIGN="top" height="18"><font face="Times New Roman" SIZE="2">6.2</font></td>
    <td WIDTH="623" VALIGN="top" height="18" colspan="2"><p ALIGN="JUSTIFY"><font
    face="Times New Roman" SIZE="2">Each Shareholder and its authorised representatives shall
    have the right at all reasonable times during normal business hours to inspect the books
    of account and records of the Company and make extracts and copies therefrom at their own
    expense, and to have full access to all property and assets of the Company.</font></td>
  </tr>
  <tr>
    <td WIDTH="59" VALIGN="top" height="18"></td>
    <td WIDTH="623" VALIGN="top" height="18" colspan="2"></td>
  </tr>
  <tr>
    <td WIDTH="59" VALIGN="top" height="18"><font face="Times New Roman" SIZE="2">6.3</font></td>
    <td WIDTH="623" VALIGN="top" height="18" colspan="2"><p ALIGN="JUSTIFY"><font
    face="Times New Roman" SIZE="2">The Company shall prepare and timely file, or cause to be
    prepared and timely filed, all tax returns (if any) which may be required by Applicable
    Law in each jurisdiction in which it operates or conducts its business for each year or
    period for which such returns are required to be filed. The Company shall also use best
    efforts to cause to be prepared and delivered to each Shareholder within [6] months after
    the end of each financial year such information as may be reasonably necessary for each
    Shareholder to prepare income tax returns such Shareholder is required to prepare and/or
    file under Applicable Law.</font></td>
  </tr>
  <tr>
    <td WIDTH="59" VALIGN="top" height="18"></td>
    <td WIDTH="623" VALIGN="top" height="18" colspan="2"></td>
  </tr>
  <tr>
    <td WIDTH="59" VALIGN="top" height="18"><font face="Times New Roman" SIZE="2">6.4</font></td>
    <td WIDTH="623" VALIGN="top" height="18" colspan="2"><p ALIGN="JUSTIFY"><font
    face="Times New Roman" SIZE="2">The Parties shall procure that all dealings between the
    Company and the Shareholders or their Affiliated Companies approved in accordance with
    Clause 4.10 shall be on a fair and equitable basis both as regards the interests of the
    Company and the transaction and the balancing of the interests of the Shareholders and
    their Affiliated Companies.</font></td>
  </tr>
  <tr>
    <td WIDTH="59" VALIGN="top" height="18"></td>
    <td WIDTH="623" VALIGN="top" height="18" colspan="2"></td>
  </tr>
  <tr>
    <td WIDTH="59" VALIGN="top" height="18"><font face="Times New Roman" SIZE="2">7</font></td>
    <td WIDTH="623" VALIGN="top" height="18" colspan="2"><font face="Times New Roman" SIZE="2">REPRESENTATIONS
    AND WARRANTIES</font></td>
  </tr>
  <tr>
    <td WIDTH="59" VALIGN="top" height="18"></td>
    <td WIDTH="623" VALIGN="top" height="18" colspan="2"></td>
  </tr>
  <tr>
    <td WIDTH="59" VALIGN="top" height="18"><font face="Times New Roman" SIZE="2">7.1</font></td>
    <td WIDTH="623" VALIGN="top" height="18" colspan="2"><p ALIGN="JUSTIFY"><font
    face="Times New Roman" SIZE="2">Each Shareholder represents and warrants to each other
    Shareholder that:</font></td>
  </tr>
  <tr>
    <td WIDTH="59" VALIGN="top" height="18"></td>
    <td WIDTH="623" VALIGN="top" height="18" colspan="2"></td>
  </tr>
  <tr>
    <td WIDTH="59" VALIGN="top" height="18"></td>
    <td WIDTH="45" VALIGN="top" height="18"><font face="Times New Roman" SIZE="2">(i)</font></td>
    <td WIDTH="578" VALIGN="top" height="18"><p ALIGN="JUSTIFY"><font face="Times New Roman"
    SIZE="2">it is a company duly incorporated with limited liability and validly existing
    under the laws of its jurisdiction of incorporation, and has full power, authority and
    legal right to own its property and assets and to carry on its business in the
    jurisdictions in which it carries on business;</font></td>
  </tr>
  <tr>
    <td WIDTH="59" VALIGN="top" height="18"></td>
    <td WIDTH="45" VALIGN="top" height="18"></td>
    <td WIDTH="578" VALIGN="top" height="18"></td>
  </tr>
  <tr>
    <td WIDTH="59" VALIGN="top" height="18"></td>
    <td WIDTH="45" VALIGN="top" height="18"><font face="Times New Roman" SIZE="2">(ii)</font></td>
    <td WIDTH="578" VALIGN="top" height="18"><p ALIGN="JUSTIFY"><font face="Times New Roman"
    SIZE="2">it has full power, authority and legal right to enter into and engage in the
    transactions contemplated by this Agreement and has taken or obtained all necessary
    corporate and other action and consents to authorize the execution and performance by it
    of this Agreement;</font></td>
  </tr>
  <tr>
    <td WIDTH="59" VALIGN="top" height="18"></td>
    <td WIDTH="45" VALIGN="top" height="18"></td>
    <td WIDTH="578" VALIGN="top" height="18"></td>
  </tr>
  <tr>
    <td WIDTH="59" VALIGN="top" height="18"></td>
    <td WIDTH="45" VALIGN="top" height="18"><font face="Times New Roman" SIZE="2">(iii)</font></td>
    <td WIDTH="578" VALIGN="top" height="18"><p ALIGN="JUSTIFY"><font face="Times New Roman"
    SIZE="2">this Agreement constitutes legal, valid and binding obligations of such
    Shareholder enforceable in accordance with its terms; and</font></td>
  </tr>
  <tr>
    <td WIDTH="59" VALIGN="top" height="18"></td>
    <td WIDTH="45" VALIGN="top" height="18"></td>
    <td WIDTH="578" VALIGN="top" height="18"></td>
  </tr>
  <tr>
    <td WIDTH="59" VALIGN="top" height="18"></td>
    <td WIDTH="45" VALIGN="top" height="18"><font face="Times New Roman" SIZE="2">(iv)</font></td>
    <td WIDTH="578" VALIGN="top" height="18"><p ALIGN="JUSTIFY"><font face="Times New Roman"
    SIZE="2">neither the execution of this Agreement nor the performance of any obligation or
    the exercise of any right hereunder by such Shareholder will conflict with or result in a
    breach of any Applicable Law or cause any limitation placed on it or the powers of its
    directors to be exceeded.</font></td>
  </tr>
</table>
</center></div>

<p align="center"><font face="Times New Roman" SIZE="2">9</font><font SIZE="2"></p>
<u>

<hr style="PAGE-BREAK-AFTER: always" align="center" width="100%" color="black" noShade
SIZE="1">
</u><div align="center"><center>

<table CELLSPACING="0" BORDER="0" CELLPADDING="1" WIDTH="686">
  <tr>
    <td WIDTH="59" VALIGN="top" height="18"></font><font face="Times New Roman" SIZE="2">8</font></td>
    <td WIDTH="623" VALIGN="top" height="18" colspan="2"><font face="Times New Roman" SIZE="2">DISSOLUTION
    AND TERMINATION</font></td>
  </tr>
  <tr>
    <td WIDTH="59" VALIGN="top" height="18"></td>
    <td WIDTH="623" VALIGN="top" height="18" colspan="2"></td>
  </tr>
  <tr>
    <td WIDTH="59" VALIGN="top" height="18"><font face="Times New Roman" SIZE="2">8.1</font></td>
    <td WIDTH="623" VALIGN="top" height="18" colspan="2"><p ALIGN="JUSTIFY"><font
    face="Times New Roman" SIZE="2"><b><u>Dissolution</u>.</b> Each of the Shareholders agrees
    to cause the Company to be liquidated and/or dissolved and to distribute all of the assets
    held by it in the event that all assets held by the Company have been sold, liquidated or
    otherwise disposed of.</font></td>
  </tr>
  <tr>
    <td WIDTH="59" VALIGN="top" height="18"></td>
    <td WIDTH="623" VALIGN="top" height="18" colspan="2"></td>
  </tr>
  <tr>
    <td WIDTH="59" VALIGN="top" height="18"></td>
    <td WIDTH="623" VALIGN="top" height="18" colspan="2"><p ALIGN="JUSTIFY"><font
    face="Times New Roman" SIZE="2">Each of the Shareholders shall procure the Directors
    designated or appointed by it to the Board to do and execute and procure to be done and
    executed all such acts, deeds, documents and things as may be necessary to give full
    effect to the provisions of this Clause 8.1.</font></td>
  </tr>
  <tr>
    <td WIDTH="59" VALIGN="top" height="18"></td>
    <td WIDTH="623" VALIGN="top" height="18" colspan="2"></td>
  </tr>
  <tr>
    <td WIDTH="59" VALIGN="top" height="18"><font face="Times New Roman" SIZE="2">8.2</font></td>
    <td WIDTH="623" VALIGN="top" height="18" colspan="2"><p ALIGN="JUSTIFY"><font
    face="Times New Roman" SIZE="2"><b><u>Termination</u>.</b> This Agreement shall continue
    in full force and effect until any of the following shall occur:</font></td>
  </tr>
  <tr>
    <td WIDTH="59" VALIGN="top" height="18"></td>
    <td WIDTH="45" VALIGN="top" height="18"></td>
    <td WIDTH="578" VALIGN="top" height="18"></td>
  </tr>
  <tr>
    <td WIDTH="59" VALIGN="top" height="18"></td>
    <td WIDTH="45" VALIGN="top" height="18"><font face="Times New Roman" SIZE="2">(i)</font></td>
    <td WIDTH="578" VALIGN="top" height="18"><font face="Times New Roman" SIZE="2">the Company
    is dissolved pursuant to Clause 8.1 or otherwise; or</font></td>
  </tr>
  <tr>
    <td WIDTH="59" VALIGN="top" height="18"></td>
    <td WIDTH="45" VALIGN="top" height="18"></td>
    <td WIDTH="578" VALIGN="top" height="18"></td>
  </tr>
  <tr>
    <td WIDTH="59" VALIGN="top" height="18"></td>
    <td WIDTH="45" VALIGN="top" height="18"><font face="Times New Roman" SIZE="2">(ii)</font></td>
    <td WIDTH="578" VALIGN="top" height="18"><font face="Times New Roman" SIZE="2">the Company
    is listed or quoted on a recognized exchange; or</font></td>
  </tr>
  <tr>
    <td WIDTH="59" VALIGN="top" height="18"></td>
    <td WIDTH="45" VALIGN="top" height="18"></td>
    <td WIDTH="578" VALIGN="top" height="18"></td>
  </tr>
  <tr>
    <td WIDTH="59" VALIGN="top" height="18"></td>
    <td WIDTH="45" VALIGN="top" height="18"><font face="Times New Roman" SIZE="2">(iii)</font></td>
    <td WIDTH="578" VALIGN="top" height="18"><font face="Times New Roman" SIZE="2">there is a
    change in control in CMG, the holding company of GWIL; or</font></td>
  </tr>
  <tr>
    <td WIDTH="59" VALIGN="top" height="18"></td>
    <td WIDTH="45" VALIGN="top" height="18"></td>
    <td WIDTH="578" VALIGN="top" height="18"></td>
  </tr>
  <tr>
    <td WIDTH="59" VALIGN="top" height="18"></td>
    <td WIDTH="45" VALIGN="top" height="18"><font face="Times New Roman" SIZE="2">(iv)</font></td>
    <td WIDTH="578" VALIGN="top" height="18"><p ALIGN="JUSTIFY"><font face="Times New Roman"
    SIZE="2">one Shareholder becomes the beneficial owner of all the Shares in issue and
    outstanding for the time being; or</font></td>
  </tr>
  <tr>
    <td WIDTH="59" VALIGN="top" height="18"></td>
    <td WIDTH="45" VALIGN="top" height="18"></td>
    <td WIDTH="578" VALIGN="top" height="18"></td>
  </tr>
  <tr>
    <td WIDTH="59" VALIGN="top" height="18"></td>
    <td WIDTH="45" VALIGN="top" height="18"><font face="Times New Roman" SIZE="2">(v)</font></td>
    <td WIDTH="578" VALIGN="top" height="18"><p ALIGN="JUSTIFY"><font face="Times New Roman"
    SIZE="2">this Agreement is terminated by mutual agreement of the Shareholders upon such
    terms and conditions as they may unanimously agree.</font></td>
  </tr>
  <tr>
    <td WIDTH="59" VALIGN="top" height="18"></td>
    <td WIDTH="45" VALIGN="top" height="18"></td>
    <td WIDTH="578" VALIGN="top" height="18"></td>
  </tr>
  <tr>
    <td WIDTH="59" VALIGN="top" height="18"></td>
    <td WIDTH="623" VALIGN="top" height="18" colspan="2"><p ALIGN="JUSTIFY"><font
    face="Times New Roman" SIZE="2">The termination of this Agreement for any reason shall not
    affect any right, obligation or liability that has accrued under this Agreement on or
    prior to the date of termination (including any obligations with respect to
    confidentiality under Clause 9.1.)</font></td>
  </tr>
  <tr>
    <td WIDTH="59" VALIGN="top" height="18"></td>
    <td WIDTH="623" VALIGN="top" height="18" colspan="2"></td>
  </tr>
  <tr>
    <td WIDTH="59" VALIGN="top" height="18"><font face="Times New Roman" SIZE="2">9</font></td>
    <td WIDTH="623" VALIGN="top" height="18" colspan="2"><font face="Times New Roman" SIZE="2">RESTRICTIONS</font></td>
  </tr>
  <tr>
    <td WIDTH="59" VALIGN="top" height="18"></td>
    <td WIDTH="623" VALIGN="top" height="18" colspan="2"></td>
  </tr>
  <tr>
    <td WIDTH="59" VALIGN="top" height="18"><font face="Times New Roman" SIZE="2">9.1</font></td>
    <td WIDTH="623" VALIGN="top" height="18" colspan="2"><p ALIGN="JUSTIFY"><font
    face="Times New Roman" SIZE="2"><b><u>Confidentiality</u>.</b> Subject to Clause 9.2, at
    all times hereafter, each Shareholder shall and shall procure that its subsidiaries and
    its and their respective officers, employees, agents and advisers shall keep secret and
    confidential all confidential information relating to the Company or its business or
    operations and all confidential information received by one Shareholder relating to the
    other Shareholder, its subsidiaries, its holding company or the subsidiaries of its
    holding company, or any of their respective affairs (collectively "<b>Confidential
    Information</b>") and not disclose to any party or make use of for any purpose any
    Confidential Information.</font></td>
  </tr>
  <tr>
    <td WIDTH="59" VALIGN="top" height="18"></td>
    <td WIDTH="623" VALIGN="top" height="18" colspan="2"></td>
  </tr>
  <tr>
    <td WIDTH="59" VALIGN="top" height="18"><font face="Times New Roman" SIZE="2">9.2</font></td>
    <td WIDTH="623" VALIGN="top" height="18" colspan="2"><p ALIGN="JUSTIFY"><font
    face="Times New Roman" SIZE="2"><b><u>Permitted disclosure</u>.</b> Clause 9.1 shall not
    apply to the disclosure of any Confidential Information by either Shareholder:</font></td>
  </tr>
  <tr>
    <td WIDTH="59" VALIGN="top" height="18"></td>
    <td WIDTH="623" VALIGN="top" height="18" colspan="2"></td>
  </tr>
  <tr>
    <td WIDTH="59" VALIGN="top" height="18"></td>
    <td WIDTH="45" VALIGN="top" height="18"><font face="Times New Roman" SIZE="2">(a)</font></td>
    <td WIDTH="578" VALIGN="top" height="18"><p ALIGN="JUSTIFY"><font face="Times New Roman"
    SIZE="2">to its own financial, accounting, tax, legal and/or other professional advisers
    in connection with the transactions contemplated hereunder;</font></td>
  </tr>
  <tr>
    <td WIDTH="59" VALIGN="top" height="18"></td>
    <td WIDTH="45" VALIGN="top" height="18"></td>
    <td WIDTH="578" VALIGN="top" height="18"></td>
  </tr>
  <tr>
    <td WIDTH="59" VALIGN="top" height="18"></td>
    <td WIDTH="45" VALIGN="top" height="18"><font face="Times New Roman" SIZE="2">(b)</font></td>
    <td WIDTH="578" VALIGN="top" height="18"><p ALIGN="JUSTIFY"><font face="Times New Roman"
    SIZE="2">to the financial, accounting, tax, legal and/or other professional advisors of
    the Company in connection with the transactions contemplated hereunder;</font></td>
  </tr>
  <tr>
    <td WIDTH="59" VALIGN="top" height="18"></td>
    <td WIDTH="45" VALIGN="top" height="18"></td>
    <td WIDTH="578" VALIGN="top" height="18"></td>
  </tr>
  <tr>
    <td WIDTH="59" VALIGN="top" height="18"></td>
    <td WIDTH="45" VALIGN="top" height="18"><font face="Times New Roman" SIZE="2">c)</font></td>
    <td WIDTH="578" VALIGN="top" height="18"><p ALIGN="JUSTIFY"><font face="Times New Roman"
    SIZE="2">to the extent such disclosure is required by Applicable Law, in which event the
    Shareholder concerned shall, if practicable, supply an advanced copy of the required
    disclosure to each other Shareholder and incorporate any additions or amendments
    reasonably requested by it; or</font></td>
  </tr>
  <tr>
    <td WIDTH="59" VALIGN="top" height="18"></td>
    <td WIDTH="45" VALIGN="top" height="18"></td>
    <td WIDTH="578" VALIGN="top" height="18"></td>
  </tr>
  <tr>
    <td WIDTH="59" VALIGN="top" height="18"></td>
    <td WIDTH="45" VALIGN="top" height="18"><font face="Times New Roman" SIZE="2">(d)</font></td>
    <td WIDTH="578" VALIGN="top" height="18"><p ALIGN="JUSTIFY"><font face="Times New Roman"
    SIZE="2">to the extent the relevant information is in the public domain as at the date
    hereof or subsequently comes into the public domain otherwise than by reason of default of
    the disclosing Shareholder under Clause 9.1; or</font></td>
  </tr>
</table>
</center></div>

<p align="center"><font face="Times New Roman" SIZE="2">10</font><font SIZE="2"></p>
<u>

<hr style="PAGE-BREAK-AFTER: always" align="center" width="100%" color="black" noShade
SIZE="1">
</u><div align="center"><center>

<table CELLSPACING="0" BORDER="0" CELLPADDING="1" WIDTH="686">
  <tr>
    <td WIDTH="59" VALIGN="top" height="18"></td>
    <td WIDTH="45" VALIGN="top" height="18"></font><font face="Times New Roman" SIZE="2">(e) </font></td>
    <td WIDTH="578" VALIGN="top" height="18"><p ALIGN="JUSTIFY"><font face="Times New Roman"
    SIZE="2">to a potential transferee of its Shares pursuant to the provisions of this
    Agreement, provided that such disclosure is limited to information reasonably necessary
    for the transferee's decision to purchase the relevant Shares and such transferee agrees
    in writing to be bound by the same confidentiality obligations as the disclosing
    Shareholder.</font></td>
  </tr>
  <tr>
    <td WIDTH="59" VALIGN="top" height="18"></td>
    <td WIDTH="45" VALIGN="top" height="18"></td>
    <td WIDTH="578" VALIGN="top" height="18"></td>
  </tr>
  <tr>
    <td WIDTH="59" VALIGN="top" height="18"><font face="Times New Roman" SIZE="2">9.3</font></td>
    <td WIDTH="623" VALIGN="top" height="18" colspan="2"><p ALIGN="JUSTIFY"><font
    face="Times New Roman" SIZE="2"><b><u>Validity of restrictions</u>.</b> While the
    restrictions contained in this Clause 9 are considered by the Shareholders to be
    reasonable in all the circumstances, it is recognised that restrictions of the nature in
    question may fail for technical reasons and accordingly, it is hereby agreed and declared
    that if any of such restrictions shall be adjudged to be void as going beyond what is
    reasonable in all the circumstances for the protection of the interests of the relevant
    Shareholder but would be valid if part of the wording thereof were deleted or the period
    thereof reduced or the range of activities dealt with thereby reduced in scope, the said
    restrictions shall apply with such modifications as may be necessary to make it valid and
    effective.</font></td>
  </tr>
  <tr>
    <td WIDTH="59" VALIGN="top" height="18"></td>
    <td WIDTH="623" VALIGN="top" height="18" colspan="2"></td>
  </tr>
  <tr>
    <td WIDTH="59" VALIGN="top" height="18"><font face="Times New Roman" SIZE="2">10</font></td>
    <td WIDTH="623" VALIGN="top" height="18" colspan="2"><font face="Times New Roman" SIZE="2">FURTHER
    ASSURANCE</font></td>
  </tr>
  <tr>
    <td WIDTH="59" VALIGN="top" height="18"></td>
    <td WIDTH="623" VALIGN="top" height="18" colspan="2"></td>
  </tr>
  <tr>
    <td WIDTH="59" VALIGN="top" height="18"></td>
    <td WIDTH="623" VALIGN="top" height="18" colspan="2"><p ALIGN="JUSTIFY"><font
    face="Times New Roman" SIZE="2">The Parties shall do and execute or procure to be done and
    executed all such further acts, deeds, documents and things as may be necessary to give
    full effect to the provisions of this Agreement.</font></td>
  </tr>
  <tr>
    <td WIDTH="59" VALIGN="top" height="18"></td>
    <td WIDTH="623" VALIGN="top" height="18" colspan="2"></td>
  </tr>
  <tr>
    <td WIDTH="59" VALIGN="top" height="18"><font face="Times New Roman" SIZE="2">11</font></td>
    <td WIDTH="623" VALIGN="top" height="18" colspan="2"><font face="Times New Roman" SIZE="2">RESTRICTIONS
    ON ANNOUNCEMENTS</font></td>
  </tr>
  <tr>
    <td WIDTH="59" VALIGN="top" height="18"></td>
    <td WIDTH="623" VALIGN="top" height="18" colspan="2"></td>
  </tr>
  <tr>
    <td WIDTH="59" VALIGN="top" height="18"></td>
    <td WIDTH="623" VALIGN="top" height="18" colspan="2"><p ALIGN="JUSTIFY"><font
    face="Times New Roman" SIZE="2">Each Party undertakes that it will not, save as required
    by Applicable Law, make any announcement in connection with this Agreement unless the
    other Party has given their respective consent to such announcement (which consent may not
    be unreasonably withheld or delayed and may be given either generally or in a specific
    case or cases and may be subject to conditions).</font></td>
  </tr>
  <tr>
    <td WIDTH="59" VALIGN="top" height="18"></td>
    <td WIDTH="623" VALIGN="top" height="18" colspan="2"></td>
  </tr>
  <tr>
    <td WIDTH="59" VALIGN="top" height="18"><font face="Times New Roman" SIZE="2">12</font></td>
    <td WIDTH="623" VALIGN="top" height="18" colspan="2"><font face="Times New Roman" SIZE="2">NO
    PARTNERSHIP</font></td>
  </tr>
  <tr>
    <td WIDTH="59" VALIGN="top" height="18"></td>
    <td WIDTH="623" VALIGN="top" height="18" colspan="2"></td>
  </tr>
  <tr>
    <td WIDTH="59" VALIGN="top" height="18"></td>
    <td WIDTH="623" VALIGN="top" height="18" colspan="2"><p ALIGN="JUSTIFY"><font
    face="Times New Roman" SIZE="2">Nothing contained or implied in this Agreement shall
    constitute or be deemed to constitute a partnership or agency between the Parties and save
    as expressly agreed herein none of the Parties shall have any authority to bind or commit
    any other Party. </font></td>
  </tr>
  <tr>
    <td WIDTH="59" VALIGN="top" height="18"></td>
    <td WIDTH="623" VALIGN="top" height="18" colspan="2"></td>
  </tr>
  <tr>
    <td WIDTH="59" VALIGN="top" height="18"><font face="Times New Roman" SIZE="2">13</font></td>
    <td WIDTH="623" VALIGN="top" height="18" colspan="2"><p ALIGN="JUSTIFY"><font
    face="Times New Roman" SIZE="2">CONFLICT WITH ARTICLES OF ASSOCIATION</font></td>
  </tr>
  <tr>
    <td WIDTH="59" VALIGN="top" height="18"></td>
    <td WIDTH="623" VALIGN="top" height="18" colspan="2"></td>
  </tr>
  <tr>
    <td WIDTH="59" VALIGN="top" height="18"></td>
    <td WIDTH="623" VALIGN="top" height="18" colspan="2"><p ALIGN="JUSTIFY"><font
    face="Times New Roman" SIZE="2">The Shareholders hereby agree that if and to the extent
    that the Articles of Association conflict with the provisions of this Agreement, this
    Agreement shall prevail for so long as it is in force to regulate the way in which they
    exercise their respective voting rights as shareholders of the Company and each
    Shareholder shall take all such further steps as may be necessary or requisite to ensure
    that the provisions of this Agreement shall prevail.</font></td>
  </tr>
  <tr>
    <td WIDTH="59" VALIGN="top" height="18"></td>
    <td WIDTH="623" VALIGN="top" height="18" colspan="2"></td>
  </tr>
  <tr>
    <td WIDTH="59" VALIGN="top" height="18"><font face="Times New Roman" SIZE="2">14</font></td>
    <td WIDTH="623" VALIGN="top" height="18" colspan="2"><font face="Times New Roman" SIZE="2">COSTS</font></td>
  </tr>
  <tr>
    <td WIDTH="59" VALIGN="top" height="18"></td>
    <td WIDTH="623" VALIGN="top" height="18" colspan="2"></td>
  </tr>
  <tr>
    <td WIDTH="59" VALIGN="top" height="18"></td>
    <td WIDTH="623" VALIGN="top" height="18" colspan="2"><p ALIGN="JUSTIFY"><font
    face="Times New Roman" SIZE="2">Subject to the provisions of this Agreement, each Party
    shall pay its own costs and disbursements of and incidental to the preparation,
    negotiation and execution of this Agreement.</font></td>
  </tr>
</table>
</center></div>

<p align="center"><font face="Times New Roman" SIZE="2">11</font><font SIZE="2"></p>

<hr style="PAGE-BREAK-AFTER: always" align="center" width="100%" color="black" noShade
SIZE="1">
<div align="center"><center>

<table CELLSPACING="0" BORDER="0" CELLPADDING="1" WIDTH="686">
  <tr>
    <td WIDTH="59" VALIGN="top" height="18"></font><font face="Times New Roman" SIZE="2">15</font></td>
    <td WIDTH="623" VALIGN="top" height="18" colspan="2"><font face="Times New Roman" SIZE="2">ACKNOWLEDGEMENT
    BY COMPANY</font></td>
  </tr>
  <tr>
    <td WIDTH="59" VALIGN="top" height="18"></td>
    <td WIDTH="623" VALIGN="top" height="18" colspan="2"></td>
  </tr>
  <tr>
    <td WIDTH="59" VALIGN="top" height="18"></td>
    <td WIDTH="623" VALIGN="top" height="18" colspan="2"><p ALIGN="JUSTIFY"><font
    face="Times New Roman" SIZE="2">The Company acknowledges the terms of this Agreement and
    in consideration of the Shareholders agreeing to enter into this Agreement undertakes that
    it will not, and so far as it is able will procure that no other person will, do anything
    which is in breach of or inconsistent with the terms hereof.</font></td>
  </tr>
  <tr>
    <td WIDTH="59" VALIGN="top" height="18"></td>
    <td WIDTH="623" VALIGN="top" height="18" colspan="2"></td>
  </tr>
  <tr>
    <td WIDTH="59" VALIGN="top" height="18"><font face="Times New Roman" SIZE="2">16</font></td>
    <td WIDTH="623" VALIGN="top" height="18" colspan="2"><font face="Times New Roman" SIZE="2">GENERAL</font></td>
  </tr>
  <tr>
    <td WIDTH="59" VALIGN="top" height="18"></td>
    <td WIDTH="623" VALIGN="top" height="18" colspan="2"></td>
  </tr>
  <tr>
    <td WIDTH="59" VALIGN="top" height="18"><font face="Times New Roman" SIZE="2">16.1</font></td>
    <td WIDTH="623" VALIGN="top" height="18" colspan="2"><p ALIGN="JUSTIFY"><font
    face="Times New Roman" SIZE="2"><b><u>Entire Agreement</u>.</b> This Agreement (together
    with any documents referred to herein or executed contemporaneously by the Parties in
    connection herewith) constitutes the whole agreement between the Parties and supersedes
    any previous agreements or arrangements between them relating to the subject matter
    hereof.</font></td>
  </tr>
  <tr>
    <td WIDTH="59" VALIGN="top" height="18"></td>
    <td WIDTH="623" VALIGN="top" height="18" colspan="2"></td>
  </tr>
  <tr>
    <td WIDTH="59" VALIGN="top" height="18"><font face="Times New Roman" SIZE="2">16.2</font></td>
    <td WIDTH="623" VALIGN="top" height="18" colspan="2"><p ALIGN="JUSTIFY"><font
    face="Times New Roman" SIZE="2"><b><u>Amendment</u>.</b> Any amendment or waiver of any
    provision of this Agreement and any waiver of any default under this Agreement is
    effective only if made in writing and signed by or on behalf of each of the Parties.</font></td>
  </tr>
  <tr>
    <td WIDTH="59" VALIGN="top" height="18"></td>
    <td WIDTH="623" VALIGN="top" height="18" colspan="2"></td>
  </tr>
  <tr>
    <td WIDTH="59" VALIGN="top" height="18"><font face="Times New Roman" SIZE="2">16.3</font></td>
    <td WIDTH="623" VALIGN="top" height="18" colspan="2"><p ALIGN="JUSTIFY"><font
    face="Times New Roman" SIZE="2"><b><u>No Waiver</u>.</b> No failure or delay by either
    Party in exercising any right, power or remedy hereunder will impair such right, power or
    remedy or operate as a waiver thereof, nor will any single or partial exercise of the same
    preclude any further exercise thereof or the exercise of any other right, power or remedy.
    The rights, powers and remedies provided herein are cumulative and do not exclude any
    other rights, powers and remedies provided by law.</font></td>
  </tr>
  <tr>
    <td WIDTH="59" VALIGN="top" height="18"></td>
    <td WIDTH="623" VALIGN="top" height="18" colspan="2"></td>
  </tr>
  <tr>
    <td WIDTH="59" VALIGN="top" height="18"><font face="Times New Roman" SIZE="2">16.4</font></td>
    <td WIDTH="623" VALIGN="top" height="18" colspan="2"><p ALIGN="JUSTIFY"><font
    face="Times New Roman" SIZE="2"><b><u>Assignment</u>.</b> This Agreement shall be binding
    upon and enure for the benefit of the successors of each of the Parties. Save as provided
    in this Agreement, no Party may assign or transfer of any of its rights or obligations
    under this Agreement without the prior written consent of the other Parties.</font></td>
  </tr>
  <tr>
    <td WIDTH="59" VALIGN="top" height="18"></td>
    <td WIDTH="623" VALIGN="top" height="18" colspan="2"></td>
  </tr>
  <tr>
    <td WIDTH="59" VALIGN="top" height="18"><font face="Times New Roman" SIZE="2">16.5</font></td>
    <td WIDTH="623" VALIGN="top" height="18" colspan="2"><p ALIGN="JUSTIFY"><font
    face="Times New Roman" SIZE="2"><b><u>Severability</u>.</b> If any provision or part of a
    provision of this Agreement shall be, or be found by any authority or court of competent
    jurisdiction to be, invalid or unenforceable, such invalidity or unenforceability shall
    not affect the other provisions or parts of such provisions of this Agreement, all of
    which shall remain in full force and effect.</font></td>
  </tr>
  <tr>
    <td WIDTH="59" VALIGN="top" height="18"></td>
    <td WIDTH="623" VALIGN="top" height="18" colspan="2"></td>
  </tr>
  <tr>
    <td WIDTH="59" VALIGN="top" height="18"><font face="Times New Roman" SIZE="2">16.6</font></td>
    <td WIDTH="623" VALIGN="top" height="18" colspan="2"><p ALIGN="JUSTIFY"><font
    face="Times New Roman" SIZE="2"><b><u>Counterparts</u>.</b> This Agreement may be executed
    in one or more counterparts, and by the Parties on separate counterparts, but will not be
    effective until each Party has executed at least one counterpart and each such counterpart
    will constitute an original of this Agreement but all the counterparts will together
    constitute one and the same instrument. Immediate evidence that an engrossment has been
    executed may be provided by transmission of such engrossment by facsimile machine with the
    original executed engrossment to be forthwith put in the mail.</font></td>
  </tr>
  <tr>
    <td WIDTH="59" VALIGN="top" height="18"></td>
    <td WIDTH="623" VALIGN="top" height="18" colspan="2"></td>
  </tr>
  <tr>
    <td WIDTH="59" VALIGN="top" height="18"><font face="Times New Roman" SIZE="2">17</font></td>
    <td WIDTH="623" VALIGN="top" height="18" colspan="2"><font face="Times New Roman" SIZE="2">NOTICES</font></td>
  </tr>
  <tr>
    <td WIDTH="59" VALIGN="top" height="18"></td>
    <td WIDTH="623" VALIGN="top" height="18" colspan="2"></td>
  </tr>
  <tr>
    <td WIDTH="59" VALIGN="top" height="18"><font face="Times New Roman" SIZE="2">17.1</font></td>
    <td WIDTH="623" VALIGN="top" height="18" colspan="2"><p ALIGN="JUSTIFY"><font
    face="Times New Roman" SIZE="2"><b><u>Delivery Address/Fax Number</u>.</b> Each notice,
    demand or other communication given or made under this Agreement shall be in writing and
    delivered or sent to the relevant Party at its address or facsimile number set out below
    (or such other address or facsimile number as the addressee has by 5 days' prior written
    notice specified to the other Parties):</font></td>
  </tr>
  <tr>
    <td WIDTH="59" VALIGN="top" height="18"></td>
    <td WIDTH="623" VALIGN="top" height="18" colspan="2"></td>
  </tr>
  <tr>
    <td WIDTH="59" VALIGN="top" height="18"></td>
    <td WIDTH="623" VALIGN="top" height="18" colspan="2"><font face="Times New Roman" SIZE="2"><b>GWIL
    and the Company</b></font></td>
  </tr>
  <tr>
    <td WIDTH="59" VALIGN="top" height="18"></td>
    <td WIDTH="623" VALIGN="top" height="18" colspan="2"></td>
  </tr>
  <tr>
    <td WIDTH="59" VALIGN="top" height="18"></td>
    <td WIDTH="111" VALIGN="top" height="18"><font face="Times New Roman" SIZE="2">Name : </font></td>
    <td WIDTH="512" VALIGN="top" height="18"><font face="Times New Roman" SIZE="2">Ren Ren
    Media Group Limited</font></td>
  </tr>
  <tr>
    <td WIDTH="59" VALIGN="top" height="18"></td>
    <td WIDTH="111" VALIGN="top" height="18"><font face="Times New Roman" SIZE="2">Address : </font></td>
    <td WIDTH="512" VALIGN="top" height="18"><font face="Times New Roman" SIZE="2">1403 Wan
    Chai Commercial Center, 194-204 Johnston Road, Wanchai, HK</font></td>
  </tr>
  <tr>
    <td WIDTH="59" VALIGN="top" height="18"></td>
    <td WIDTH="111" VALIGN="top" height="18"></td>
    <td WIDTH="512" VALIGN="top" height="18"></td>
  </tr>
  <tr>
    <td WIDTH="59" VALIGN="top" height="18"></td>
    <td WIDTH="111" VALIGN="top" height="18"><font face="Times New Roman" SIZE="2">Attention :
    </font></td>
    <td WIDTH="512" VALIGN="top" height="18"><font face="Times New Roman" SIZE="2">President
    &amp; CEO</font></td>
  </tr>
  <tr>
    <td WIDTH="59" VALIGN="top" height="18"></td>
    <td WIDTH="111" VALIGN="top" height="18"><font face="Times New Roman" SIZE="2">Facsimile
    Number : </font></td>
    <td WIDTH="512" VALIGN="top" height="18"><font face="Times New Roman" SIZE="2">+852 3171
    1206</font></td>
  </tr>
  <tr>
    <td WIDTH="59" VALIGN="top" height="18"></td>
    <td WIDTH="623" VALIGN="top" height="18" colspan="2"></td>
  </tr>
</table>
</center></div>

<p align="center"><font face="Times New Roman" SIZE="2">12</font><font SIZE="2"></p>
<u>

<hr style="PAGE-BREAK-AFTER: always" align="center" width="100%" color="black" noShade
SIZE="1">
</u><div align="center"><center>

<table CELLSPACING="0" BORDER="0" CELLPADDING="1" WIDTH="686">
  <tr>
    <td WIDTH="59" VALIGN="top" height="18"></td>
    <td WIDTH="623" VALIGN="top" height="18" colspan="2"></font><font face="Times New Roman"
    SIZE="2"><b>ATC</b></font></td>
  </tr>
  <tr>
    <td WIDTH="59" VALIGN="top" height="18"></td>
    <td WIDTH="623" VALIGN="top" height="18" colspan="2"></td>
  </tr>
  <tr>
    <td WIDTH="59" VALIGN="top" height="18"></td>
    <td WIDTH="111" VALIGN="top" height="18"><font face="Times New Roman" SIZE="2">Name : </font></td>
    <td WIDTH="512" VALIGN="top" height="18"><font face="Times New Roman" SIZE="2">Advancetech
    Communications Sdn. Bhd.</font></td>
  </tr>
  <tr>
    <td WIDTH="59" VALIGN="top" height="18"></td>
    <td WIDTH="111" VALIGN="top" height="18"><font face="Times New Roman" SIZE="2">Address : </font></td>
    <td WIDTH="512" VALIGN="top" height="18"><font face="Times New Roman" SIZE="2">1702
    Chinachem Tower, 34-37 Connaught Road, Central, Hong Kong</font></td>
  </tr>
  <tr>
    <td WIDTH="59" VALIGN="top" height="18"></td>
    <td WIDTH="111" VALIGN="top" height="18"></td>
    <td WIDTH="512" VALIGN="top" height="18"></td>
  </tr>
  <tr>
    <td WIDTH="59" VALIGN="top" height="18"></td>
    <td WIDTH="111" VALIGN="top" height="18"><font face="Times New Roman" SIZE="2">Attention :
    </font></td>
    <td WIDTH="512" VALIGN="top" height="18"><font face="Times New Roman" SIZE="2">President
    and CEO</font></td>
  </tr>
  <tr>
    <td WIDTH="59" VALIGN="top" height="18"></td>
    <td WIDTH="111" VALIGN="top" height="18"><font face="Times New Roman" SIZE="2">Facsimile
    Number : </font></td>
    <td WIDTH="512" VALIGN="top" height="18"><font face="Times New Roman" SIZE="2">+603 7727
    1244</font></td>
  </tr>
  <tr>
    <td WIDTH="59" VALIGN="top" height="18"></td>
    <td WIDTH="623" VALIGN="top" height="18" colspan="2"></td>
  </tr>
  <tr>
    <td WIDTH="59" VALIGN="top" height="18"><font face="Times New Roman" SIZE="2">17.2</font></td>
    <td WIDTH="623" VALIGN="top" height="18" colspan="2"><p ALIGN="JUSTIFY"><font
    face="Times New Roman" SIZE="2"><b><u>Manner of Delivery</u>.</b> Any notice required to
    be given by any Party to the other Parties shall be deemed validly served by hand delivery
    or by prepaid registered letter sent through the post (airmail if to an overseas address)
    or by facsimile transmission to its address or facsimile number set out in Clause 17.1 or
    such other address or facsimile number as may from time to time be notified for this
    purpose.</font></td>
  </tr>
  <tr>
    <td WIDTH="59" VALIGN="top" height="18"></td>
    <td WIDTH="623" VALIGN="top" height="18" colspan="2"></td>
  </tr>
  <tr>
    <td WIDTH="59" VALIGN="top" height="18"><font face="Times New Roman" SIZE="2">17.3</font></td>
    <td WIDTH="623" VALIGN="top" height="18" colspan="2"><p ALIGN="JUSTIFY"><font
    face="Times New Roman" SIZE="2"><b><u>Deemed Delivery</u>.</b> Any notice served by hand
    is deemed to have been served on delivery, any notice served by facsimile transmission is
    deemed to have been served when sent and any notice served by prepaid registered letter is
    deemed to have been served 48 hours (72 hours in the case of a letter sent by airmail to
    an address in another country) after the time at which it was posted. In proving service,
    it is sufficient in the case of service by hand and prepaid registered letter to prove
    that the notice was properly addressed and delivered or posted, as the case may be, and in
    the case of service by facsimile transmission to prove that the transmission was confirmed
    as validly and completely sent by the originating machine.</font></td>
  </tr>
  <tr>
    <td WIDTH="59" VALIGN="top" height="18"></td>
    <td WIDTH="623" VALIGN="top" height="18" colspan="2"></td>
  </tr>
  <tr>
    <td WIDTH="59" VALIGN="top" height="18"><font face="Times New Roman" SIZE="2">18</font></td>
    <td WIDTH="623" VALIGN="top" height="18" colspan="2"><font face="Times New Roman" SIZE="2">GOVERNING
    LAW AND SUBMISSION TO JURISDICTION</font></td>
  </tr>
  <tr>
    <td WIDTH="59" VALIGN="top" height="18"></td>
    <td WIDTH="623" VALIGN="top" height="18" colspan="2"></td>
  </tr>
  <tr>
    <td WIDTH="59" VALIGN="top" height="18"></td>
    <td WIDTH="623" VALIGN="top" height="18" colspan="2"><p ALIGN="JUSTIFY"><font
    face="Times New Roman" SIZE="2"><b><u>Governing law and jurisdiction</u>.</b> This
    Agreement shall be governed by and construed in accordance with the laws of Hong Kong and
    the Parties irrevocably submit to the non-exclusive jurisdiction of the courts of Hong
    Kong for the purpose of enforcing any claim arising hereunder.</font></td>
  </tr>
  <tr>
    <td WIDTH="59" VALIGN="top" height="18"></td>
    <td WIDTH="623" VALIGN="top" height="18" colspan="2"></td>
  </tr>
  <tr>
    <td WIDTH="59" VALIGN="top" height="18"><font face="Times New Roman" SIZE="2">18.1</font></td>
    <td WIDTH="623" VALIGN="top" height="18" colspan="2"><p ALIGN="JUSTIFY"><font
    face="Times New Roman" SIZE="2"><b><u>GWIL's process agent</u>.</b> GWIL hereby
    irrevocably appoints Ren Ren Media Group Limited of 1403 Wan Chai Commercial Center,
    194-204 Johnston Road, Wanchai, Hong Kong as its agent to receive and acknowledge on its
    behalf service of any writ, summons, order, judgment or other notice of legal process in
    Hong Kong. If for any reason the agent named above (or its successor) no longer serves as
    agent of GWIL for this purpose, GWIL shall promptly appoint a successor agent satisfactory
    to the other Parties, notify the other Parties thereof and deliver to the other Parties a
    copy of the new process agent's acceptance of appointment Provided that until the other
    Parties receive such notification, they shall be entitled to treat the agent named above
    (or its said successor) as the agent of GWIL for the purposes of this Clause. GWIL agrees
    that any such legal process shall be sufficiently served on it if delivered to such agent
    for service at its address for the time being in Hong Kong whether or not such agent gives
    notice thereof to GWIL.</font></td>
  </tr>
  <tr>
    <td WIDTH="59" VALIGN="top" height="18"></td>
    <td WIDTH="623" VALIGN="top" height="18" colspan="2"></td>
  </tr>
  <tr>
    <td WIDTH="59" VALIGN="top" height="18"><font face="Times New Roman" SIZE="2">18.2</font></td>
    <td WIDTH="623" VALIGN="top" height="18" colspan="2"><p ALIGN="JUSTIFY"><font
    face="Times New Roman" SIZE="2"><b><u>ATC's process agent</u>.</b> ATC hereby irrevocably
    appoints Trophy Limited of 26F, 88 Lockhart Road, Wanchai, Hong Kong as its agent to
    receive and acknowledge on its behalf service of any writ, summons, order, judgment or
    other notice of legal process in Hong Kong. If for any reason the agent named above (or
    its successor) no longer serves as agent of ATC for this purpose, ATC shall promptly
    appoint a successor agent satisfactory to the other Parties, notify the other Parties
    thereof and deliver to the other Parties a copy of the new process agent's acceptance of
    appointment Provided that until the other Parties receive such notification, they shall be
    entitled to treat the agent named above (or its said successor) as the agent of ATC for
    the purposes of this Clause ATC agrees that any such legal process shall be sufficiently
    served on it if delivered to such agent for service at its address for the time being in
    Hong Kong whether or not such agent gives notice thereof to ATC.</font></td>
  </tr>
  <tr>
    <td WIDTH="59" VALIGN="top" height="18"></td>
    <td WIDTH="623" VALIGN="top" height="18" colspan="2"></td>
  </tr>
</table>
</center></div>

<p align="center"><font face="Times New Roman" SIZE="2">13</font><font SIZE="2"></p>
<u>

<hr style="PAGE-BREAK-AFTER: always" align="center" width="100%" color="black" noShade
SIZE="1">
</u></font><div align="center"><center>

<table CELLSPACING="0" BORDER="0" CELLPADDING="1" WIDTH="686">
  <tr>
    <font SIZE="2"><td WIDTH="682" VALIGN="top" height="18" colspan="2"><font
    face="Times New Roman"><p align="center"></font></font><font face="Times New Roman"
    size="3"><b>Schedule 1<br>
    Deed of Adherence</b></font></td>
  </tr>
  <tr>
    <td WIDTH="682" VALIGN="top" height="18" colspan="2"></td>
  </tr>
  <tr>
    <td WIDTH="682" VALIGN="top" height="18" colspan="2"><font face="Times New Roman" SIZE="2">Date:</font></td>
  </tr>
  <tr>
    <td WIDTH="682" VALIGN="top" height="18" colspan="2"></td>
  </tr>
  <tr>
    <td WIDTH="682" VALIGN="top" height="18" colspan="2"><p ALIGN="JUSTIFY"><font
    face="Times New Roman" SIZE="2">By this Deed we, [&middot; ], having our registered office
    at [&middot; ], intending to become a shareholder of [&middot; ] ("<b>Company</b>")
    hereby agree with the Company and each of its shareholders to comply with and to be bound
    by all of the provisions of a Shareholders</font><font SIZE="2">' </font><font
    face="Times New Roman" SIZE="2">Agreement dated [&middot; ] between the Company, [GWIL]
    and [ATC] (a copy of which has been delivered to us and which we have initialled and
    attached hereto for identification) in all respects as if we were a party to such
    Agreement and were named therein as a Shareholder and a Party and on the basis that
    references therein to each of Shareholder and Party include a separate reference to us.</font></td>
  </tr>
  <tr>
    <td WIDTH="682" VALIGN="top" height="18" colspan="2"></td>
  </tr>
  <tr>
    <td WIDTH="682" VALIGN="top" height="18" colspan="2"><p ALIGN="JUSTIFY"><font
    face="Times New Roman" SIZE="2"><b>IN WITNESS WHEREOF</b> this Deed has been executed by
    us and is intended to be and is hereby delivered on the date appearing at the head hereof.</font></td>
  </tr>
  <tr>
    <td WIDTH="682" VALIGN="top" height="18" colspan="2"></td>
  </tr>
  <tr>
    <td WIDTH="682" VALIGN="top" height="18" colspan="2"><font face="Times New Roman" SIZE="2">THE
    COMMON SEAL of </font></td>
  </tr>
  <tr>
    <td WIDTH="682" VALIGN="top" height="18" colspan="2"></td>
  </tr>
  <tr>
    <td WIDTH="682" VALIGN="top" height="18" colspan="2"><font face="Times New Roman" SIZE="2">was
    affixed to this Deed</font></td>
  </tr>
  <tr>
    <td WIDTH="682" VALIGN="top" height="18" colspan="2"></td>
  </tr>
  <tr>
    <td WIDTH="682" VALIGN="top" height="18" colspan="2"><font face="Times New Roman" SIZE="2">in
    the presence of: </font></td>
  </tr>
  <tr>
    <td WIDTH="682" VALIGN="top" height="18" colspan="2"></td>
  </tr>
  <tr>
    <td WIDTH="682" VALIGN="top" height="18" colspan="2"></td>
  </tr>
  <tr>
    <td WIDTH="682" VALIGN="top" height="18" colspan="2"></td>
  </tr>
  <tr>
    <td WIDTH="341" VALIGN="top" height="18"></td>
    <td WIDTH="341" VALIGN="top" height="18"><font face="Times New Roman" SIZE="2">___________________________</font></td>
  </tr>
  <tr>
    <td WIDTH="341" VALIGN="top" height="18"></td>
    <td WIDTH="341" VALIGN="top" height="18"><font face="Times New Roman" SIZE="2">Director</font></td>
  </tr>
  <tr>
    <td WIDTH="341" VALIGN="top" height="18"></td>
    <td WIDTH="341" VALIGN="top" height="18"></td>
  </tr>
  <tr>
    <td WIDTH="341" VALIGN="top" height="18"></td>
    <td WIDTH="341" VALIGN="top" height="18"></td>
  </tr>
  <tr>
    <td WIDTH="341" VALIGN="top" height="18"></td>
    <td WIDTH="341" VALIGN="top" height="18"><font face="Times New Roman" SIZE="2">___________________________</font></td>
  </tr>
  <tr>
    <td WIDTH="341" VALIGN="top" height="18"></td>
    <td WIDTH="341" VALIGN="top" height="18"><font face="Times New Roman" SIZE="2">Director/Secretary</font></td>
  </tr>
  <tr>
    <td WIDTH="341" VALIGN="top" height="18"></td>
    <td WIDTH="341" VALIGN="top" height="18"></td>
  </tr>
  <tr>
    <td WIDTH="341" VALIGN="top" height="18"></td>
    <td WIDTH="341" VALIGN="top" height="18"></td>
  </tr>
</table>
</center></div>

<p align="center"><font face="Times New Roman" SIZE="2">14</font></p>
<font SIZE="2">

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SIZE="1">
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<table CELLSPACING="0" BORDER="0" CELLPADDING="1" WIDTH="686">
  <tr>
    <td WIDTH="682" VALIGN="top" height="18"><font face="Times New Roman" SIZE="2"><b>IN
    WITNESS WHEREOF</b> the Parties have signed this document on the date appearing at the
    head hereof.</font></td>
  </tr>
  <tr>
    <td WIDTH="682" VALIGN="top" height="18"></td>
  </tr>
  <tr>
    <td WIDTH="682" VALIGN="top" height="18"></td>
  </tr>
  <tr>
    <td WIDTH="682" VALIGN="top" height="18"></td>
  </tr>
  <tr>
    <td WIDTH="682" VALIGN="top" height="18"><font face="Times New Roman" SIZE="2">Signed by</font></td>
  </tr>
  <tr>
    <td WIDTH="682" VALIGN="top" height="18"></td>
  </tr>
  <tr>
    <td WIDTH="682" VALIGN="top" height="18"><font face="Times New Roman" SIZE="2">for and on
    behalf of</font></td>
  </tr>
  <tr>
    <td WIDTH="682" VALIGN="top" height="18"><font face="Times New Roman" SIZE="2"><b>Good
    World Investments Limited</b></font></td>
  </tr>
  <tr>
    <td WIDTH="682" VALIGN="top" height="18"><font face="Times New Roman" SIZE="2">in the
    presence of:</font></td>
  </tr>
  <tr>
    <td WIDTH="682" VALIGN="top" height="18"></td>
  </tr>
  <tr>
    <td WIDTH="682" VALIGN="top" height="18"></td>
  </tr>
  <tr>
    <td WIDTH="682" VALIGN="top" height="18"></td>
  </tr>
  <tr>
    <td WIDTH="682" VALIGN="top" height="18"><font face="Times New Roman" SIZE="2">Signed by</font></td>
  </tr>
  <tr>
    <td WIDTH="682" VALIGN="top" height="18"></td>
  </tr>
  <tr>
    <td WIDTH="682" VALIGN="top" height="18"><font face="Times New Roman" SIZE="2">for and on
    behalf of</font></td>
  </tr>
  <tr>
    <td WIDTH="682" VALIGN="top" height="18"><font face="Times New Roman" SIZE="2"><b>Advance
    Tech Communications Sdn. Bhd.</b></font></td>
  </tr>
  <tr>
    <td WIDTH="682" VALIGN="top" height="18"><font face="Times New Roman" SIZE="2">in the
    presence of:</font></td>
  </tr>
  <tr>
    <td WIDTH="682" VALIGN="top" height="18"></td>
  </tr>
  <tr>
    <td WIDTH="682" VALIGN="top" height="18"></td>
  </tr>
  <tr>
    <td WIDTH="682" VALIGN="top" height="18"></td>
  </tr>
  <tr>
    <td WIDTH="682" VALIGN="top" height="18"><font face="Times New Roman" SIZE="2">Signed by</font></td>
  </tr>
  <tr>
    <td WIDTH="682" VALIGN="top" height="18"></td>
  </tr>
  <tr>
    <td WIDTH="682" VALIGN="top" height="18"><font face="Times New Roman" SIZE="2">for and on
    behalf of</font></td>
  </tr>
  <tr>
    <td WIDTH="682" VALIGN="top" height="18"><font face="Times New Roman" SIZE="2"><b>ATC
    Marketing Limited</b></font></td>
  </tr>
  <tr>
    <td WIDTH="682" VALIGN="top" height="18"><font face="Times New Roman" SIZE="2">in the
    presence of:</font></td>
  </tr>
  <tr>
    <td WIDTH="682" VALIGN="top" height="18"></td>
  </tr>
</table>
</center></div>

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SIZE="1">
</body>
</html>
[{"type": "8-K", "sequence": "1", "filename": "r8k-052109cmg.htm", "description": "SHAREHOLDERS' AGREEMENT", "secsgml_size_bytes": 150099}]
{"company-data": {"conformed-name": "China Media Group CORP", "cik": "0001211211", "assigned-sic": "7310", "irs-number": "320034926", "state-of-incorporation": "TX", "fiscal-year-end": "1231"}, "filing-values": {"form-type": "8-K", "act": "34", "file-number": "000-50431", "film-number": "09850825"}, "business-address": {"street1": "9901 I.H. 10 WEST", "street2": "SUITE 800", "city": "SAN ANTONIO", "state": "TX", "zip": "78230", "phone": "01186755 61657704"}, "mail-address": {"street1": "9901 I.H. 10 WEST", "street2": "SUITE 800", "city": "SAN ANTONIO", "state": "TX", "zip": "78230"}, "former-company": {"former-conformed-name": "DELIGHTFULLY FROZEN CORP", "date-changed": "20021219"}}
CHINA MEDIA GROUP CORPORATION
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
__________________
FORM 8-K
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d) of the
SECURITIES EXCHANGE ACT OF 1934
__________________
Date of Report (Date of earliest event
reported): May 21, 2009
CHINA MEDIA GROUP CORPORATION
(Exact Name of Registrant as Specified in Charter)
Texas
(State or other jurisdiction
of incorporation)
5813
(Commission
File Number)
75-3016844
(IRS Employer
Identification No.)
1403 Wan Chai Commercial Center, 194-204 Johnston Road, Wanchai,
    Hong Kong
n/a
(Address of principal executive offices)
(Zip code)
Registrant's telephone number, including area code:
+011 852 3171 1208 (ext. 222)
Check the appropriate box below if the Form 8-K filing is intended
    to simultaneously satisfy the filing obligation of the registrant under any of the
    following provisions:
[   ]  Written communications
    pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
[   ]  Soliciting material
    pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
[   ]  Pre-commencement communications pursuant to Rule 14d-2(b)
    under the Exchange Act (17 CFR 240.14d-2(b))
[   ]  Pre-commencement communications pursuant to Rule 13e-4(c)
    under the Exchange Act  (17 CFR240.13e-4(c))
Item 1.01
Entry into a Material Definitive Agreement
On May 21, 2009, Good World
    Investments Limited ("GWIL"), a wholly owned subsidiary of China Media Group
    Corporation ("CMG"or "Company"), entered into a Shareholders' Agreement
    ("Shareholders' Agreement") with Advance Tech Communications Sdn. Bhd.
    ("Advance Tech"), a private limited company incorporated in Malaysia for the
    worldwide distribution rights including Greater China when the current distribution
    agreement expires for Greater China, for all products developed by Advance Tech. The
    Greater China distribution rights are held by another subsidiary of CMG under a
    distribution agreement executed in 2006. Advance Tech is a research and development
    company in convergent mobile communication devices. Under the Shareholders' Agreement,
    GWIL and ATC will set up a Special Purpose Vehicle, named ATC Marketing Limited
    ("ATCM") for the purpose to undertake the business objectives of marketing,
    selling and distributing all of Advance Tech's developed product on an exclusive basis
    worldwide.
Pursuant to the Shareholders'
    Agreement, GWIL and Advance Tech each holds a 50% equity interests in ATCM. GWIL shall
    have the right to appoint and remove up to 3 directors and Advance Tech shall have the
    right to appoint and remove up to 2 directors.
In addition, GWIL shall, in its
    best efforts from the capital markets contribute up to a maximum of US$1,000,000 over a
    two year period as a loan into ATCM, and Advance Tech shall contribute its Product Rights
    to ATCM and it will receive a 3.5% royalty fee of the gross profits earned by ATCM from
    the sale of products developed by ATC and a 5% profit sharing fee of the net profits as
    reported in the audited accounts of ATCM.
Item 9.01
Financial Statements and Exhibits
(a)
Not applicable
(b)
Not applicable
(c)
Exhibit No. Description
See
    table below.
Exhibit
Description
Location
Exhibit
    10.1
Shareholders' Agreement
Provided herewith
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, as
    amended, the Registrant has duly caused this Current Report to be signed on its behalf by
    the undersigned hereunto duly authorized.
Date: May 26, 2009
CHINA MEDIA GROUP
    CORPORATION
By:
/s/ Con Unerkov
---------------------------------
Name: Con Unerkov
Title: President
Exhibit
    10.1
DATED
           MAY 2009
(1) GOOD WORLD INVESTMENTS LIMITED
(2) ADVANCE TECH COMMUNICATIONS SDN. BHD.
AND
ATC MARKETING LIMITED
______________________________________________
SHAREHOLDERS' AGREEMENT
______________________________________________
Number
Clause Headings
Page
1
Definitions and Interpretation
1
2
Business
3
3
Contribution by Shareholders
3
4
Management of the Company
4
5
Transfer of Shares
6
6
General Covenants
9
7
Representations and Warranties
9
8
Dissolution and Termination
10
9
Restrictions
10
10
Further Assurance
11
11
Restrictions on Announcements
11
12
No Partnership
11
13
Conflict with Articles of Association
11
14
Costs
11
15
Acknowledgement by Company
12
16
General
12
17
Notices
12
18
Governing Law and Submission to Jurisdiction
13
Schedule 1 DEED of adherence
14
THIS AGREEMENT
is made on the day of May 2009
BETWEEN:
(1)
Good World Investments Limited
, a company incorporated in the
British
    Virgin Islands
whose registered office is at PO Box 957, Offshore Incorporations
    Center, Road Town, Tortola, British Virgin Islands ("
GWIL
");
(2)
Advance Tech Communications Sdn. Bhd.
, a company incorporated in
Malaysia
whose registered office is at
3
rd
Floor, No. 17 Jalan Ipoh Kecil, 50350
    Kuala Lumpur, Malaysia
("
ATC
"); and
(3)
ATC Marketing Limited
, a company incorporated in
Hong Kong
whose
    registered office is at
1403 Wan Chai Commercial Center, 194-204 Johnston Road,
    Wanchai, Hong Kong
("
Company
").
WHEREAS
:
(A)
GWIL is a wholly owned subsidiary of China Media Group Corporation
    ("CMG"), a company incorporated in the State of Texas, USA and quoted on the
    Over the Counter Bulletin Board under the symbol CHMD. GWIL is an investment holding
    company that has subsidiary in the business of media and advertising. GWIL's fellow
    subsidiary holds the distribution rights for Greater China including Hong Kong, Macao,
    Taiwan and mainland China for the distribution of convergent mobile devices and other
    related products designed and developed by ATC.
(B)
ATC is a private limited company incorporated in Malaysia and is a research and
    development company in convergent communication devices.
(C)
GWIL and ATC wishes to work together to market, sell and distribute all of ATC's
    developed product on an exclusive basis worldwide in the Company. GWIL has the financial
    ability and the business contacts to roll out the operations of the Company. The parties
    recognize the strength and resources available to each party and have formed the Company
    to embark on these business pursuits.
(D)
The Company is a Special Purpose Vehicle set up solely for the purpose to
    undertake the business objectives of the Parties set out in Recital C above. The Company
    may also be used to source funding from the capital markets and other financing methods.
(E)
As at the date hereof, the Company has an authorised share capital of HK$10,000
    divided into 10,000 Shares of HK$1.00 each of which 10,000 Shares have been issued and are
    fully paid-up. GWIL and ATC each holds 5,000 Shares of the Company's issued share capital
    as at the date hereof.
(F)
This is the SPV Shareholders' Agreement and the Parties wish to enter into this
    Agreement to regulate the relationship of the Shareholders and the affairs of the Company.
IT
    IS HEREBY AGREED as follows:
1
    Definitions and Interpretation
1.1
In this Agreement, where the context so admits, the following words and
    expressions have the following meanings:
"
Affiliated Company
"
means, in relation to any Shareholder, any subsidiary or holding
    company of such Shareholder or any subsidiary of any such holding company;
"
Applicable Law
"
means any publicly available law, statute, rule, regulation or
    code, or order, decree, requirement, judgment or decision of any governmental or
    regulatory body or authority or court of competent jurisdiction, applicable to a Party or
    to the relevant matter(s) contemplated under this Agreement;
"
Board
"
means the Company's board of directors as constituted from time to
    time;
1
"
Business Plan
"
means at the date of this Agreement the Company's business plan and
    budget in the approved terms and at any subsequent date the most recent business plan of
    the Company approved by the Shareholders in accordance with Clause 4.10;
"
Greater
    China Product Rights"
means the rights to market and distribute in the territory of
    China, Hong Kong, Taiwan and Macao the convergent mobile devices and other related
    products designed and developed by ATC currently held by Ren Ren Media Group Limited under
    a distribution agreement;
"
Deed of Adherence
"
means a deed, substantially in the form of
Schedule 1
,
    pursuant to which a transferee or allottee of Shares agrees to be bound by all the terms
    of this Agreement as if it had been a signatory;
"
Directors
"
means the directors of the Company;
"
Hong Kong
"
means the Hong Kong Special Administrative Region of the People's
    Republic of China;
"
Parties
"
means the parties to this Agreement and their respective successors
    and permitted assigns, and "
Party
" means any one of them including any
    other person who becomes a member of the Company and who agrees to be bound by the
    provisions of this Agreement by executing a Deed of Adherence;
"
Product Rights
"
means the world wide rights to manufacture, market, sell and
    distribute on all products developed and/or to be developed in the future by ATC,
    including the Greater China Product Rights when it becomes available to ATC;
"
PRC
"
means the People's Republic of China but excluding, for the
    purposes of this Agreement, Hong Kong, Macau and Taiwan;
"
Share
"
means share of HK$1.00 each in the share capital of the Company
    having the rights and benefits and being subject to the restrictions set out in the
    Articles of Association;
"
Shareholders
"
means GWIL and ATC for as long as they hold any Shares and any
    other person who becomes a member of the Company and who agrees to be bound by the
    provisions of this Agreement by executing a Deed of Adherence, and the expression "
Shareholder
"
    means any one of them;
"HK$"
means Hong Kong Dollars; and
"
US$
"
means United States Dollars.
1.2
Statutes
.
Any references, express or implied, to statutes or
    statutory provisions will be construed as references to those statutes or provisions as
    respectively amended or re-enacted or as their application is modified from time to time
    by other provisions (whether before or after the date hereof).
1.3
Clauses and Schedules
.
References in this Agreement to Clauses and
    Schedules are to clauses in and schedules to this Agreement (unless the context otherwise
    requires). The Recitals and Schedules to this Agreement are deemed to form part of this
    Agreement.
2
1.4
Construction
1.4.1
All terms defined in the Recitals have the same meanings when used throughout
    this Agreement.
1.4.2
Headings are inserted for convenience only and do not affect the construction of
    this Agreement
1.4.3
References to "
persons
" include bodies corporate, unincorporated
    associations and partnerships (whether or not having separate legal personality). The
    masculine gender includes the feminine and neuter genders and the singular number includes
    the plural, and vice versa.
1.4.4
References to any document (including this Agreement) are references to that
    document as amended, consolidated, supplemented, novated or replaced from time to time.
1.5
Successors and permitted assigns
.
Where the context permits, the
    expressions "GWIL", and "ATC" include their respective successors and
    permitted assigns.
1.6
Approved terms
.
A document expressed to be "
in the approved
    terms
" means a document the terms of which have been approved by or on behalf of
    the Parties and a copy of which has been signed for the purposes of identification by or
    on behalf of the Parties.
2.0
BUSINESS
2.1
Business
.
The Shareholders acknowledge and agree that the Company
    has been incorporated as, and will procure that the Company remains at all times, a single
    purpose vehicle for the purpose of holding the exclusive worldwide rights (excluding the
    territories of Greater China under a distribution agreement with a subsidiary of CMG) to
    manufacture, market, sale and distribute all products developed by ATC and any other
    business approved by the Board from time to time (the "Business").
3.0
CONTRIBUTION
    BY SHAREHOLDERS
3.1
Contributions from GWIL
.
GWIL will, in its best efforts from the
    capital markets contribute up to a maximum of US$1,00,000 over a two year period as a loan
    into the Company in accordance to the Business Plan of the Company.
3.2
Contributions from ATC
.
ATC will contribute its Product Rights to
    the Company and agrees to receive a royalty fee and a profit sharing fee as set out in
    Clause 3.21 and 3.2.2 below. The Company agrees to pay a royalty fee from the sale of the
    products from the Product Rights and a as follows:
3.2.1
The Company agrees to pay to ATC a Product Royalty on all ATC developed products
    sold by the Company. The Product Royalty Fee is calculated as 3.5% of the Gross Profits
    earned by the Company from the sale of ATC developed products. Such Product Royalty Fee
    shall be paid on or before the month ending the preceding calendar quarter end. For the
    purpose of this section, Gross Profits is defined as the sales price less the costs of the
    goods sold, less all sales costs, including sales commission, and less all costs
    incidental to deliver the goods sold to the customer.
3.2.2
The Company agrees to pay to ATC a Profit Sharing Fee that is calculated as 5% of
    the net profits as reported in the audited accounts of the Company provided that the
    Retained Profits for the prior year is positive. Where the Retained Profits for the prior
    year is negative, then the net profits calculation shall be amended to deduct any net
    accumulated losses recorded in the Retained Earnings Account as reported in the audited
    financial statements of the Company for the preceding year. The Profits Sharing Fee shall
    be paid within one month after the release of the audited financial statements of the
    Company. For the purpose of this section, "Retained Profits" is defined as the
    accumulated profits less accumulated losses since inception, recorded in the audited
    financial statements of the Company.
3
3.2.3
Any disputes on 3.2.1 and 3.2.2 shall be resolved through
    arbitration.
4.0
MANAGEMENT
    OF THE COMPANY
4.1
Responsibilities of the Board
.
The business
    of the Company shall be managed by the Board, whose duties and responsibilities shall,
    subject to Clause
4.1
include
    without limitation:
(a)
making all decisions in connection with the management and operational control of
    the Company's Business in accordance with the Business Plan approved in Clause 4.10; and
(b)
appoint the President and CEO of the Company. The first President and CEO of the
    Company shall be Mr. LOI Cheng Pheng.
4.2
Composition of the Board
(a)
The maximum number of Directors shall be 5. GWIL shall have the right to appoint
    and remove up to 3 Directors and ATC shall have the right to appoint and remove up to 2
    Directors. Each Shareholder shall effect any appointment or removal by depositing written
    notice at the Company's registered office and sending a copy thereof to each other
    Shareholder.
(b)
Any Shareholder removing a Director shall be responsible for and shall indemnify
    each other Shareholder and the Company against any claim of whatever nature arising out of
    such removal. If a Shareholder ceases to hold Shares, it will procure the resignation of
    all the Directors appointed by it and will indemnify the other Shareholder and the Company
    against any claims which may be brought by such Directors.
4.3
Chairman
.
One of the Directors, as GWIL
    shall from time to time select, shall preside as chairman of meetings of the Board.
4.4
Alternate
.
Each Director is entitled to
    appoint any person to be his alternate. Each alternate shall have one vote for every
    Director whom he represents, provided that if such alternate is himself a Director then he
    shall have one vote for every Director whom he represents in addition to any vote of his
    own.
4.5
Quorum
The quorum for meetings of the Board shall be 2 Directors,
    of whom one shall be a Director appointed by GWIL and one shall be a Director appointed by
    ATC (whether present in person or by proxy or representative).
(b)
A quorum must be present at the beginning of and throughout each meeting. If
    within 30 minutes of the time appointed for a meeting a quorum is not present, the meeting
    shall stand adjourned until the same time and place on the same day in the next week. If
    at such adjourned meeting a quorum is not present within 30 minutes from the time
    appointed for such adjourned meeting (or such longer interval as the chairman of the
    meeting may think fit to allow), the Directors present in person or by his alternate shall
    constitute a quorum.
4.6
Meetings of the Board
(a)
Subject to Applicable Law, the Board shall meet as required at such time and
    place and in such manner as shall be agreed by the Board. Unless waived by all Directors
    in writing, not less than 7 days' notice of each meeting of the Board specifying in
    reasonably sufficient detail the business to be transacted thereat shall be given to each
    Director and his alternate.
(b)
Subject to Applicable Law and Clause 4.10, questions arising at any meeting of
    the Board shall be decided by a majority of votes and in the case of an equality of votes,
    the Chairman shall not have a second or casting vote.
4
(c)
Directors may participate in a meeting of the Board by means of conference
    telephone or similar communications equipment whereby all persons participating in the
    meeting can hear each other and such participation shall constitute presence in person.
    Resolutions of the Board may be passed by circular resolution signed by all the Directors.
(d)
If the Board so authorises or requests, auditors, consultants, advisers and
    employees shall be permitted to attend and speak (but not to vote) at meetings of the
    Board.
4.7
Exercise of rights
.
Each Shareholder will
    exercise or refrain from exercising any voting rights or other powers of control so as to
    ensure the passing of any and every resolution necessary or desirable to procure that the
    affairs of the Company are conducted in accordance with, and otherwise to give full effect
    to, the provisions of this Agreement and likewise to ensure that no resolution is passed
    which does not accord with such provisions.
4.8
Committees of the Board
.
The Board may
    delegate any of its powers including the day-to-day running of the business of the Company
    to a committee or committees consisting of such number of Directors as it thinks fit,
    provided that each such committee shall comprise at least one Director appointed by GWIL
    and one Director appointed by ATC. The provisions of Clauses 4.5 and 4.6 in relation to
    the Board shall apply with the necessary modifications to any committee of the Board. Any
    committee so formed shall, in the exercise of the powers so delegated, conform to any
    regulations that may be imposed on it by the Board.
4.9
Remuneration
.
The remuneration (if any) of
    the Directors shall be determined by, and subject to the unanimous approval of, the
    Shareholders.
4.10
Matters requiring unanimous consent
.
The
    Shareholders shall exercise all voting rights and other powers of control available to
    them in relation to the Company to procure that the Company and the Board (including any
    committee thereof) shall not without the prior written approval of the Shareholders, which
    approval may be given by the Shareholder or a Director appointed by it or his alternate
    (and, for this purpose, each Director appointed by a Shareholder and his alternate shall
    be deemed to have authority to bind that Shareholder in relation to the provisions of this
    Clause 4.10 unless otherwise notified to each other Shareholder):
(a)
permitting any merger or consolidation of the Company with any other entity, any
    reorganisation of the Company or any transfer of all or any part of the assets of the
    Company;
(b)
permitting any change to the authorised or issued share capital from time to time
    of the Company, granting or agreeing to grant any option over or right to acquire or
    issuing or agreeing to issue any instrument carrying rights of conversion into any Share
    or other security of the Company, permitting the redemption or purchase by the Company of
    any Shares or any other reorganisation of the share capital of the Company;
(c)
varying any rights, benefits or restrictions attaching to any Shares;
(d)
amending the Articles of Association or other constitutional documents of the
    Company;
(e)
approving the Business Plan or making any substantive alteration to any Business
    Plan so approved;
(f)
making any composition or arrangement with its creditors, moving for insolvency,
    receivership or administration or doing or permitting or suffering to be done any act or
    thing whereby the Company may be wound up (whether voluntarily or compulsorily);
(g)
carrying on any business other than the business activities described in Clause
    2.1;
(i)
declaring or paying any dividend or other distribution in cash or specie except
    as provided in Clause 8.2(b);
(j)
entering
    into any partnership or profit sharing or joint venture arrangement;
5
(k)
adopting the annual accounts of the Company, amending the accounting policies or
    reporting practices previously adopted by the Company, or changing the auditors of the
    Company; or
(l)
entering into, amending or terminating any agreement or other arrangement between
    the Company and any Shareholder or any Affiliated Company of a Shareholder.
4.11
Separate and independent undertaking
.
As a
    separate and independent undertaking, the Company agrees with each Shareholder that it
    will (so far as permitted by Applicable Law) observe and comply with the provisions,
    prohibitions and restrictions in this Clause 4.
4.12
Duty to the Company
.
Each of the Directors,
    in performing his duties to the Company, shall be entitled to consider the interest of the
    Shareholder which designated or appointed him to the Board pursuant to Clause 4.2.
5
TRANSFER
    OF SHARES
5.1
Restriction on transfers
.
Subject to the
    provisions of this Agreement, no transfer of any Shares shall be made by any Shareholder
    unless the provisions in this Clause 5 are complied with in respect of such transfer, and
    no Shareholder shall sell, mortgage, charge or otherwise dispose of or encumber the whole
    or any part of its shareholding or assign or otherwise purport to deal with the beneficial
    interest therein or any right in relation thereto separate from the legal interest.
5.2
Transfer to Affiliated Companies
.
The
    Parties agree that a transfer of Shares by a Shareholder to its Affiliated Company shall
    be permitted provided that:
(a)
the obligations of the transferor Shareholder under this Agreement will remain
    unaffected by the proposed transfer; and
(b)
the Shares will be re-transferred to the transferor Shareholder immediately upon
    the transferee ceasing to be an Affiliated Company of the transferor Shareholder.
5.3
Pre-emption rights
5.3.1
A Shareholder ("
Transferor
") wishing to
    transfer any or all of its Shares to an unaffiliated third party who has made a bona fide
    offer therefor shall give a notice in writing ("
Transfer Notice
") to each
    other Shareholder that it desires to transfer the same. The Transfer Notice shall specify:
(a)
the number of shares which the Transferor wishes to transfer ("
Relevant
    Shares
");
(b)
the name of the person who made the bona fide offer for the Relevant Shares
    ("
Transferee
");
(c)
the price in cash which the Transferee has offered for the Relevant Shares; and
(d)
details of any other material terms of the offer made by the Transferee,
and shall be accompanied by a term sheet executed by the
    Transferor and Transferee reflecting the matters set out in Clauses 5.3.1(a) to (d) above.
5.3.2
Each other Shareholder shall be entitled within a period
    of 20 days after the Transfer Notice was given ("
Prescribed Period
") to
    serve a purchase notice ("
Purchase Notice
") on the Transferor requiring
    it to sell all (but not part only) of the Relevant Shares to it at the same price and on
    the same material terms as those offered by the Transferee as set out in the Transfer
    Notice and evidenced by the term sheet referred to in Clause 5.3(a).
6
5.3.3
If only one Shareholder serves a Purchase Notice within the Prescribed Period,
    such Shareholder shall be entitled to purchase all of the Relevant Shares at the price per
    Share and on the material terms set out in the Transfer Notice. The Transferor shall be
    bound upon payment by such Shareholder to transfer to it, and such Shareholder shall be
    bound to pay for and accept a transfer of, all of the Relevant Shares.
5.3.4
If more than one Shareholder serve a Purchase Notice within the Prescribed
    Period, each such Shareholder shall be entitled to purchase such number of the Relevant
    Shares as is equivalent to the total number of Relevant Shares multiplied by a fraction,
    the numerator of which is the number of Shares held by each such Shareholder and the
    denominator of which is the total number of Shares held by all such Shareholders, at the
    price per Share and on the material terms set out in the Transfer Notice. The Transferor
    shall be bound upon payment by each such Shareholder to transfer to it, and each such
    Shareholder shall be bound to pay for and accept a transfer of, the relevant number of
    Relevant Shares. Completion of the transfer of the Relevant Shares to the purchasing
    Shareholders pursuant to this Clause 5.3(d) shall take place simultaneously.
5.3.5
Completion of the transfer of the Relevant Shares pursuant to Clause 5.3.3 or
    5.3.4 shall occur at such time and place as may be agreed by the Transferor and the
    purchasing Shareholder(s), provided that it shall not be later than 30 days from the date
    on which the Purchase Notice or the last of the Purchase Notices was served in accordance
    with Clause 5.3.2.
5.3.6
If no Shareholder has served on the Transferor a Purchase Notice within the
    Prescribed Period, the Transferor shall be entitled to sell all (but not part only) of the
    Relevant Shares to the Transferee at the price and on the material terms set out in the
    Transfer Notice, provided that if such sale is not completed within 2 months after the
    Transfer Notice was given the right of the Transferor to sell the Relevant Shares to the
    Transferee shall lapse. The Directors shall be bound to register a transfer effected
    pursuant to this Clause 5.3.6.
5.4
Default
5.4.1
Upon the occurrence of any of the following events ("
Default Event
")
    in respect of a Shareholder ("
Defaulting Shareholder
"), each other
    Shareholder may serve a written notice of default in relation thereto on the Defaulting
    Shareholder:
(a)
if the Defaulting Shareholder is in material breach of any of its obligations
    under this Agreement and such breach, if capable of remedy, has not been remedied to the
    reasonable satisfaction of each other Shareholder on expiry of 30 days following written
    notice to that effect having been served on the Defaulting Shareholder requiring the
    breach to be remedied;
(b)
a petition is presented or proceeding is commenced or an order is made or an
    effective resolution is passed for the winding-up, insolvency, administration,
    reorganisation, reconstruction, dissolution or bankruptcy of the Defaulting Shareholder or
    for the appointment of a liquidator, receiver, administrator, trustee or similar officer
    of the Defaulting Shareholder or of all or a substantial part of its property, assets or
    revenues;
(c)
the Defaulting Shareholder stops or suspends payment to its creditors generally
    or is unable or admits its inability to pay its debts as they fall due or seeks to enter
    into any composition or other arrangement with its creditors or is declared or becomes
    bankrupt or insolvent.
5.4.2
Each other Shareholder shall have the right to require the
    Defaulting Shareholder to sell to it all (but not part only) of the Shares of the
    Defaulting Shareholder ("
Call Option
"). A Shareholder wishing to exercise
    the Call Option ("
Exercising Shareholder
") shall do so by serving written
    notice ("
Call Option Notice
") on the Defaulting Shareholder within 30
    days of the notice of default referred to in Clause 5.4.1. Upon service of a Call Option
    Notice(s), the Defaulting Shareholder shall be bound to transfer all of its Shares to the
    Exercising Shareholder(s) in accordance with this Clause 5.4.
7
5.4.2.1
If there is only one Exercising Shareholder, such
    Exercising Shareholder shall be entitled to purchase all (but part only) of the Shares
    held by the Defaulting Shareholder. If there is more than one Exercising Shareholder, each
    Exercising Shareholder shall have the right to purchase such number of the Shares held by
    the Defaulting Shareholder as is equivalent to the total number of Shares held by the
    Defaulting Shareholder multiplied by a fraction, the numerator of which is the number of
    Shares held by such Exercising Shareholder and the denominator of which is the total
    number of Shares held by all the Exercising Shareholders.
5.4.2.2
The transfer of the Shares by the Defaulting Shareholder
    to the Exercising Shareholder(s) pursuant to this Clause 5.4 shall be at a price per Share
    equivalent to the net worth of the Company divided by the number of Shares in issue and
    outstanding at the time of valuation ("
Net Asset Value per Share
") as
    agreed by the Defaulting Shareholder and the Exercising Shareholder(s).
5.4.2.3
If the Defaulting Shareholder and the Exercising
    Shareholder(s) are not able to reach agreement on the Net Asset Value per Share within 20
    days after the Call Option Notice or the last of the Call Option Notices was served, the
    Board shall forthwith appoint an internationally recognised independent valuation expert
    or investment bank (other than any of the Shareholders or their Affiliated Companies)
    ("
Valuer
") to determine the Net Asset Value per Share. The Net Asset
    Value per Share as determined and certified in writing by the Valuer shall, in the absence
    of manifest error, be conclusive and binding on the Defaulting Shareholder and the
    Exercising Shareholder(s). In determining the Net Asset Value per Share, the Valuer shall
    act as experts and not as arbitrators. The costs of such determination shall be borne by
    the Defaulting Shareholder.
5.4.2.4
Completion of the sale and purchase of the Shares of the
    Defaulting Shareholder pursuant to this Clause 5.5 shall take place no later than 30 days
    after the date on which the Defaulting Shareholder and the Exercising Shareholder(s) agree
    on the Net Asset Value per Share or the date on which the Valuer certifies in writing its
    determination of the Net Asset Value per Share, whichever is later.
5.5
Condition precedent to transfer
.
It shall be
    a condition precedent to the right of any Shareholder to transfer any Shares permitted by
    this Clause 5 that:
(a)
the transferee (if not already bound by the provisions of this Agreement)
    executes a Deed of Adherence under which the transferee shall agree to be bound by and
    shall be entitled to the benefit of this Agreement as if an original party hereto; and
(b)
except where the transfer is in accordance with Clause 5.2 or Clause 5.4.2, the
    transferor assigns and the transferee accepts an assignment of all or, in the case of a
    transfer of part of the Shares of a Shareholder, a proportionate part of the loans or
    guarantees made to or given on behalf of the Company by the transferor and for the time
    being outstanding.
5.6
Directors to register transfer
.
The
    Shareholders will procure the Directors to register any transfer of Shares which complies
    with the provisions of this Clause 5.
5.7
Completion of transfer
.
All transfers
    between the Shareholders, whether pursuant to this Clause 5 or any other provision of this
    Agreement, shall be effected by the transferor selling as beneficial owner free and clear
    of all liens, charges and encumbrances and together with all rights attaching thereto.
    Upon completion, the transferor shall deliver to the transferee duly executed transfers in
    respect of the Shares transferred in favour of the transferee together with the relative
    share certificates against payment by the transferee of the price due in respect thereof.
    The Shareholders shall do or procure to be done all such acts and things as may be
    necessary to give full effect to the transfers and the registration thereof.
5.8
Transfer by unanimous consent
.
The foregoing
    provisions of this Clause 5 shall not apply to any transfer of Shares to which the consent
    of all the Shareholders is obtained in writing.
5.9
Ceasing to hold any Shares
.
Save as
    otherwise provided herein, if a Party ceases to be a Shareholder by reason of transferring
    all of its Shares to another Shareholder or person, whether pursuant to this Clause 5 or
    otherwise, the provisions of this Agreement (other than Clauses 1, 9, 11, 16 and 18) shall
    cease to have effect in relation to the former Shareholder save in relation to any
    antecedent claims which may have arisen between the Parties prior to such transfer.
8
6
GENERAL
    COVENANTS
6.1
The
    Company shall:
(i)
keep true and accurate books of account and records in accordance with usual
    accounting practices and procedures and procure that such books and records are audited by
    the Company's auditors from time to time as soon as possible after the end of each
    financial year;
(ii)
promptly deliver to each Shareholder true and accurate copies of all material
    reports, statements, tax returns, filings, notices and other documents and correspondence
    filed with or received from any relevant governmental or regulatory authority; and
(iii)
provide each Shareholder with such financial or other information relating to the
    Company as such Shareholder may reasonably request from time to time.
6.2
Each Shareholder and its authorised representatives shall
    have the right at all reasonable times during normal business hours to inspect the books
    of account and records of the Company and make extracts and copies therefrom at their own
    expense, and to have full access to all property and assets of the Company.
6.3
The Company shall prepare and timely file, or cause to be
    prepared and timely filed, all tax returns (if any) which may be required by Applicable
    Law in each jurisdiction in which it operates or conducts its business for each year or
    period for which such returns are required to be filed. The Company shall also use best
    efforts to cause to be prepared and delivered to each Shareholder within [6] months after
    the end of each financial year such information as may be reasonably necessary for each
    Shareholder to prepare income tax returns such Shareholder is required to prepare and/or
    file under Applicable Law.
6.4
The Parties shall procure that all dealings between the
    Company and the Shareholders or their Affiliated Companies approved in accordance with
    Clause 4.10 shall be on a fair and equitable basis both as regards the interests of the
    Company and the transaction and the balancing of the interests of the Shareholders and
    their Affiliated Companies.
7
REPRESENTATIONS
    AND WARRANTIES
7.1
Each Shareholder represents and warrants to each other
    Shareholder that:
(i)
it is a company duly incorporated with limited liability and validly existing
    under the laws of its jurisdiction of incorporation, and has full power, authority and
    legal right to own its property and assets and to carry on its business in the
    jurisdictions in which it carries on business;
(ii)
it has full power, authority and legal right to enter into and engage in the
    transactions contemplated by this Agreement and has taken or obtained all necessary
    corporate and other action and consents to authorize the execution and performance by it
    of this Agreement;
(iii)
this Agreement constitutes legal, valid and binding obligations of such
    Shareholder enforceable in accordance with its terms; and
(iv)
neither the execution of this Agreement nor the performance of any obligation or
    the exercise of any right hereunder by such Shareholder will conflict with or result in a
    breach of any Applicable Law or cause any limitation placed on it or the powers of its
    directors to be exceeded.
9
8
DISSOLUTION
    AND TERMINATION
8.1
Dissolution
.
Each of the Shareholders agrees
    to cause the Company to be liquidated and/or dissolved and to distribute all of the assets
    held by it in the event that all assets held by the Company have been sold, liquidated or
    otherwise disposed of.
Each of the Shareholders shall procure the Directors
    designated or appointed by it to the Board to do and execute and procure to be done and
    executed all such acts, deeds, documents and things as may be necessary to give full
    effect to the provisions of this Clause 8.1.
8.2
Termination
.
This Agreement shall continue
    in full force and effect until any of the following shall occur:
(i)
the Company
    is dissolved pursuant to Clause 8.1 or otherwise; or
(ii)
the Company
    is listed or quoted on a recognized exchange; or
(iii)
there is a
    change in control in CMG, the holding company of GWIL; or
(iv)
one Shareholder becomes the beneficial owner of all the Shares in issue and
    outstanding for the time being; or
(v)
this Agreement is terminated by mutual agreement of the Shareholders upon such
    terms and conditions as they may unanimously agree.
The termination of this Agreement for any reason shall not
    affect any right, obligation or liability that has accrued under this Agreement on or
    prior to the date of termination (including any obligations with respect to
    confidentiality under Clause 9.1.)
9
RESTRICTIONS
9.1
Confidentiality
.
Subject to Clause 9.2, at
    all times hereafter, each Shareholder shall and shall procure that its subsidiaries and
    its and their respective officers, employees, agents and advisers shall keep secret and
    confidential all confidential information relating to the Company or its business or
    operations and all confidential information received by one Shareholder relating to the
    other Shareholder, its subsidiaries, its holding company or the subsidiaries of its
    holding company, or any of their respective affairs (collectively "
Confidential
    Information
") and not disclose to any party or make use of for any purpose any
    Confidential Information.
9.2
Permitted disclosure
.
Clause 9.1 shall not
    apply to the disclosure of any Confidential Information by either Shareholder:
(a)
to its own financial, accounting, tax, legal and/or other professional advisers
    in connection with the transactions contemplated hereunder;
(b)
to the financial, accounting, tax, legal and/or other professional advisors of
    the Company in connection with the transactions contemplated hereunder;
c)
to the extent such disclosure is required by Applicable Law, in which event the
    Shareholder concerned shall, if practicable, supply an advanced copy of the required
    disclosure to each other Shareholder and incorporate any additions or amendments
    reasonably requested by it; or
(d)
to the extent the relevant information is in the public domain as at the date
    hereof or subsequently comes into the public domain otherwise than by reason of default of
    the disclosing Shareholder under Clause 9.1; or
10
(e)
to a potential transferee of its Shares pursuant to the provisions of this
    Agreement, provided that such disclosure is limited to information reasonably necessary
    for the transferee's decision to purchase the relevant Shares and such transferee agrees
    in writing to be bound by the same confidentiality obligations as the disclosing
    Shareholder.
9.3
Validity of restrictions
.
While the
    restrictions contained in this Clause 9 are considered by the Shareholders to be
    reasonable in all the circumstances, it is recognised that restrictions of the nature in
    question may fail for technical reasons and accordingly, it is hereby agreed and declared
    that if any of such restrictions shall be adjudged to be void as going beyond what is
    reasonable in all the circumstances for the protection of the interests of the relevant
    Shareholder but would be valid if part of the wording thereof were deleted or the period
    thereof reduced or the range of activities dealt with thereby reduced in scope, the said
    restrictions shall apply with such modifications as may be necessary to make it valid and
    effective.
10
FURTHER
    ASSURANCE
The Parties shall do and execute or procure to be done and
    executed all such further acts, deeds, documents and things as may be necessary to give
    full effect to the provisions of this Agreement.
11
RESTRICTIONS
    ON ANNOUNCEMENTS
Each Party undertakes that it will not, save as required
    by Applicable Law, make any announcement in connection with this Agreement unless the
    other Party has given their respective consent to such announcement (which consent may not
    be unreasonably withheld or delayed and may be given either generally or in a specific
    case or cases and may be subject to conditions).
12
NO
    PARTNERSHIP
Nothing contained or implied in this Agreement shall
    constitute or be deemed to constitute a partnership or agency between the Parties and save
    as expressly agreed herein none of the Parties shall have any authority to bind or commit
    any other Party.
13
CONFLICT WITH ARTICLES OF ASSOCIATION
The Shareholders hereby agree that if and to the extent
    that the Articles of Association conflict with the provisions of this Agreement, this
    Agreement shall prevail for so long as it is in force to regulate the way in which they
    exercise their respective voting rights as shareholders of the Company and each
    Shareholder shall take all such further steps as may be necessary or requisite to ensure
    that the provisions of this Agreement shall prevail.
14
COSTS
Subject to the provisions of this Agreement, each Party
    shall pay its own costs and disbursements of and incidental to the preparation,
    negotiation and execution of this Agreement.
11
15
ACKNOWLEDGEMENT
    BY COMPANY
The Company acknowledges the terms of this Agreement and
    in consideration of the Shareholders agreeing to enter into this Agreement undertakes that
    it will not, and so far as it is able will procure that no other person will, do anything
    which is in breach of or inconsistent with the terms hereof.
16
GENERAL
16.1
Entire Agreement
.
This Agreement (together
    with any documents referred to herein or executed contemporaneously by the Parties in
    connection herewith) constitutes the whole agreement between the Parties and supersedes
    any previous agreements or arrangements between them relating to the subject matter
    hereof.
16.2
Amendment
.
Any amendment or waiver of any
    provision of this Agreement and any waiver of any default under this Agreement is
    effective only if made in writing and signed by or on behalf of each of the Parties.
16.3
No Waiver
.
No failure or delay by either
    Party in exercising any right, power or remedy hereunder will impair such right, power or
    remedy or operate as a waiver thereof, nor will any single or partial exercise of the same
    preclude any further exercise thereof or the exercise of any other right, power or remedy.
    The rights, powers and remedies provided herein are cumulative and do not exclude any
    other rights, powers and remedies provided by law.
16.4
Assignment
.
This Agreement shall be binding
    upon and enure for the benefit of the successors of each of the Parties. Save as provided
    in this Agreement, no Party may assign or transfer of any of its rights or obligations
    under this Agreement without the prior written consent of the other Parties.
16.5
Severability
.
If any provision or part of a
    provision of this Agreement shall be, or be found by any authority or court of competent
    jurisdiction to be, invalid or unenforceable, such invalidity or unenforceability shall
    not affect the other provisions or parts of such provisions of this Agreement, all of
    which shall remain in full force and effect.
16.6
Counterparts
.
This Agreement may be executed
    in one or more counterparts, and by the Parties on separate counterparts, but will not be
    effective until each Party has executed at least one counterpart and each such counterpart
    will constitute an original of this Agreement but all the counterparts will together
    constitute one and the same instrument. Immediate evidence that an engrossment has been
    executed may be provided by transmission of such engrossment by facsimile machine with the
    original executed engrossment to be forthwith put in the mail.
17
NOTICES
17.1
Delivery Address/Fax Number
.
Each notice,
    demand or other communication given or made under this Agreement shall be in writing and
    delivered or sent to the relevant Party at its address or facsimile number set out below
    (or such other address or facsimile number as the addressee has by 5 days' prior written
    notice specified to the other Parties):
GWIL
    and the Company
Name :
Ren Ren
    Media Group Limited
Address :
1403 Wan
    Chai Commercial Center, 194-204 Johnston Road, Wanchai, HK
Attention :
President
    & CEO
Facsimile
    Number :
+852 3171
    1206
12
ATC
Name :
Advancetech
    Communications Sdn. Bhd.
Address :
1702
    Chinachem Tower, 34-37 Connaught Road, Central, Hong Kong
Attention :
President
    and CEO
Facsimile
    Number :
+603 7727
    1244
17.2
Manner of Delivery
.
Any notice required to
    be given by any Party to the other Parties shall be deemed validly served by hand delivery
    or by prepaid registered letter sent through the post (airmail if to an overseas address)
    or by facsimile transmission to its address or facsimile number set out in Clause 17.1 or
    such other address or facsimile number as may from time to time be notified for this
    purpose.
17.3
Deemed Delivery
.
Any notice served by hand
    is deemed to have been served on delivery, any notice served by facsimile transmission is
    deemed to have been served when sent and any notice served by prepaid registered letter is
    deemed to have been served 48 hours (72 hours in the case of a letter sent by airmail to
    an address in another country) after the time at which it was posted. In proving service,
    it is sufficient in the case of service by hand and prepaid registered letter to prove
    that the notice was properly addressed and delivered or posted, as the case may be, and in
    the case of service by facsimile transmission to prove that the transmission was confirmed
    as validly and completely sent by the originating machine.
18
GOVERNING
    LAW AND SUBMISSION TO JURISDICTION
Governing law and jurisdiction
.
This
    Agreement shall be governed by and construed in accordance with the laws of Hong Kong and
    the Parties irrevocably submit to the non-exclusive jurisdiction of the courts of Hong
    Kong for the purpose of enforcing any claim arising hereunder.
18.1
GWIL's process agent
.
GWIL hereby
    irrevocably appoints Ren Ren Media Group Limited of 1403 Wan Chai Commercial Center,
    194-204 Johnston Road, Wanchai, Hong Kong as its agent to receive and acknowledge on its
    behalf service of any writ, summons, order, judgment or other notice of legal process in
    Hong Kong. If for any reason the agent named above (or its successor) no longer serves as
    agent of GWIL for this purpose, GWIL shall promptly appoint a successor agent satisfactory
    to the other Parties, notify the other Parties thereof and deliver to the other Parties a
    copy of the new process agent's acceptance of appointment Provided that until the other
    Parties receive such notification, they shall be entitled to treat the agent named above
    (or its said successor) as the agent of GWIL for the purposes of this Clause. GWIL agrees
    that any such legal process shall be sufficiently served on it if delivered to such agent
    for service at its address for the time being in Hong Kong whether or not such agent gives
    notice thereof to GWIL.
18.2
ATC's process agent
.
ATC hereby irrevocably
    appoints Trophy Limited of 26F, 88 Lockhart Road, Wanchai, Hong Kong as its agent to
    receive and acknowledge on its behalf service of any writ, summons, order, judgment or
    other notice of legal process in Hong Kong. If for any reason the agent named above (or
    its successor) no longer serves as agent of ATC for this purpose, ATC shall promptly
    appoint a successor agent satisfactory to the other Parties, notify the other Parties
    thereof and deliver to the other Parties a copy of the new process agent's acceptance of
    appointment Provided that until the other Parties receive such notification, they shall be
    entitled to treat the agent named above (or its said successor) as the agent of ATC for
    the purposes of this Clause ATC agrees that any such legal process shall be sufficiently
    served on it if delivered to such agent for service at its address for the time being in
    Hong Kong whether or not such agent gives notice thereof to ATC.
13
Schedule 1
Deed of Adherence
Date:
By this Deed we, [· ], having our registered office
    at [· ], intending to become a shareholder of [· ] ("
Company
")
    hereby agree with the Company and each of its shareholders to comply with and to be bound
    by all of the provisions of a Shareholders
'
Agreement dated [· ] between the Company, [GWIL]
    and [ATC] (a copy of which has been delivered to us and which we have initialled and
    attached hereto for identification) in all respects as if we were a party to such
    Agreement and were named therein as a Shareholder and a Party and on the basis that
    references therein to each of Shareholder and Party include a separate reference to us.
IN WITNESS WHEREOF
this Deed has been executed by
    us and is intended to be and is hereby delivered on the date appearing at the head hereof.
THE
    COMMON SEAL of
was
    affixed to this Deed
in
    the presence of:
___________________________
Director
___________________________
Director/Secretary
14
IN
    WITNESS WHEREOF
the Parties have signed this document on the date appearing at the
    head hereof.
Signed by
for and on
    behalf of
Good
    World Investments Limited
in the
    presence of:
Signed by
for and on
    behalf of
Advance
    Tech Communications Sdn. Bhd.
in the
    presence of:
Signed by
for and on
    behalf of
ATC
    Marketing Limited
in the
    presence of: