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to Section 13 or 15(d) of the Securities Exchange Act of 1934</font></div>
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pursuant to Rule 14a-12 under Exchange Act (17 CFR 240.14a-12)</font></div>
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communications pursuant to Rule 13e-4(c) under the Exchange Act (17
CFR240.13e-4(c))</font></div>
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1.01 Entry into a Material Definitive Agreement.</font></div>
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    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">As
previously disclosed on Form 8-K dated January 18, 2008, on January 18, 2008,
K&#8217;s Media (the &#8220;<font style="DISPLAY: inline; TEXT-DECORATION: underline">Company</font>&#8221;), completed
a Share Exchange Agreement (the &#8220;<font style="DISPLAY: inline; TEXT-DECORATION: underline">Share Exchange
Agreement</font>&#8221;) dated December&#160;23, 2007, with Orient Come Holdings
Limited, a company organized under the laws of British Virgin Island (&#8220;<font style="DISPLAY: inline; TEXT-DECORATION: underline">Orient Come</font>&#8221;) and
Beijing K&#8217;s Media Advertising Ltd. Co., a limited liability company organized
under the laws of the People&#8217;s Republic Of China (the &#8220;<font style="DISPLAY: inline; TEXT-DECORATION: underline">Chinese Advertisement
Company</font>&#8221;).&#160;&#160;Pursuant to the terms of the Share Exchange
Agreement, the shareholders of Orient Come (the &#8220;<font style="DISPLAY: inline; TEXT-DECORATION: underline">Orient Come
Shareholders</font>&#8221;) transferred to the Company all of the Orient Come shares
in exchange for the issuance of 13,000,000 shares of the Company&#8217;s common stock
(the &#8220;<font style="DISPLAY: inline; TEXT-DECORATION: underline">Acquisition</font>&#8221;). As a
result of the Acquisition, Orient Come became the Company&#8217;s wholly-owned
subsidiary.</font></div>
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    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">In
addition, under the terms of the Share Exchange Agreement, 10,500,000 newly
issued, but not outstanding restricted common shares of the Company&#8217;s common
stock (the &#8220;<font style="DISPLAY: inline; TEXT-DECORATION: underline">Escrowed
Shares</font>&#8221;) were issued to the shareholders or their designed parties of
Chinese Advertisement Company (the &#8220;<font style="DISPLAY: inline; TEXT-DECORATION: underline">Shareholders of the Chinese
Advertising Company</font>&#8221;) pursuant to an Escrow Agreement dated December 23,
2007 (the &#8220;<font style="DISPLAY: inline; TEXT-DECORATION: underline">Escrow
Agreement</font>&#8221;) with Orient Come, Chinese Advertisement Company, and
Shareholders of Chinese Advertisement Company.&#160;&#160;Under the Escrow
Agreement, the Escrow Shares were deposited in an escrow account with an escrow
agent and subject to release as provided under the Appendix to the Escrow
Agreement.</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">On&#160;&#160;January
31, 2008 the Escrow Agreement was amended pursuant to Amendment No. 1 to the
Escrow Agreement to provide that, in addition to the original release terms, in
the event of a merger or consolidation of the Company on or prior to the end of
April of the fiscal year 2010, with or into another corporation or any other
entity or the exchange of substantially all of the outstanding stock of the
Company for shares of another entity or other property in which, after any such
transaction the prior shareholders of the Company own less than fifty percent
(50%) of the voting shares of the continuing or surviving entity, or in the
event of the sale of all or substantially all of the assets of the Company, then
all of the Escrowed Shares shall be released and distributed to the Shareholders
of the Chinese Advertising Company.</font></div>
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    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">On
September 4, 2008 the Company entered into amendment 2 to the Escrow Agreement
made as of the 23rd day of December 2007 by and between K&#8217;s Media; Orient Come
Holdings Limited; Beijing K's Media Advertising Ltd. Co.; the Company&#8217;s
management personnel; and Arnstein &amp; Lehr LLP, a law
firm.&#160;&#160;Pursuant to the amendment Zhuang, Yan; Chang, Lin and Wu,
LiHong each transferred the right to receive 100,000 escrowed shares, and Lu,
Yong assigned the right to receive 300,000 escrowed shares, to Andy
Pang.&#160;&#160;Mr. Pang currently serves as Chief Operating Officer of the
Company<font style="DISPLAY: inline; FONT-WEIGHT: bold">. </font>The assigned
escrowed shares of common stock remain subject to the escrow agreement, as
amended.</font></div>
    <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">On June
4, 2009, the Company entered into amendment 3 to the Escrow Agreement made as of
the 23rd day of December 2007 by and between K&#8217;s Media; Orient Come Holdings
Limited; Beijing K's Media Advertising Ltd. Co.; an affiliate of Shine
MultiMedia Co., Ltd. (&#8220;Shine&#8221;), a provider of services to the Company and
Arnstein &amp; Lehr LLP, a law firm.&#160;The remaining 2,625,000 (25%) escrowed
shares are issuable to an affiliate of Shine Company and are being held pending
the Company&#8217;s entering into advertising agreements with KTV clubs as facilitated
by the affiliate.&#160;&#160;Due to the change of the overall economic
environment during the second half of 2008, and under the new condition,
1,575,000 escrowed shares have been released to the affiliate of Shine in July
2009. On the second and third anniversaries, 525,000 (20% each year) of the
escrowed shares will be released if the affiliate has signed up more than 600
KTV clubs during the respective year under advertising agreements with the
Company.&#160;If between 300 and 600 KTV clubs have signed advertising
agreements during the year the number of shares to be released will be reduced
on a pro rata basis.&#160;If less than 300 KTV clubs have signed advertising
agreements with the Company during each of those years, then 525,000 (20% per
year) of the escrowed shares will be returned to the Company, and the affiliate
will no longer be entitled to the shares. Pursuant to amendment 3 to the Escrow
Agreement, 1,575,000 shares have been issued to an affiliate of
Shine.</font></div>
    <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">On August
4, 2009, the Company entered into amendment 4 to the Escrow Agreement to extend
the achievement of $2,118,789 of audited signed sales from K's Media's
operations for K's Media fiscal year ended December 31, 2008 to 16 months from
January 1, 2008 to April 30, 2009 (the "2009 Amended Performance Threshold") and
$15,980,447 of the audited signed sales from K's Media's operations results for
K's Media fiscal year ended April 30, 2010 (the "2010 Amended Performance
Threshold"),<font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-STYLE: italic">&#160;</font>and
$36,929,605 of the audited signed sales from K's Media's operations results for
K's Media fiscal year ended April 30, 2011 (the "2011 Amended Performance
Threshold"). If K's Media achieved each of the 2009, 2010 and 2011 Amended
Performance Threshold, one third of the Escrow Shares will be released to
shareholders of K&#8217;s Media every performance period for a total of 3.33 years. If
Performance Threshold is not achieved, a number of Escrow Shares (such number to
be determined by the formula as set forth in the Escrow Agreement) will be
returned to the Company for cancellation within 30 days after the Company files
its Form 10-K with SEC. Upon the termination of the Escrow agreement, any and
all Escrow shares remaining in the Escrow account shall be returned to the
Company for cancellation.&#160;&#160;The remaining 2,625,000 being held as
security for K's Media entering into advertising agreements with entertainment
clubs facilitated by the service provider. If at the end of 16 months ended
April 30, 2009 the service provider has signed up less than 300 entertainment
clubs under advertising agreements with K's&#160;Media, then 60% of the
2,625,000 shares shall be cancelled within 30 days after the Company files its
Form 10-K with SEC.&#160;&#160;If at the end of K's Media fiscal year ended
April 30, 2010 and K's Media fiscal year ended April 30, 2011 the service
provider has facilitated less than 600 advertising agreements per each year,
then 20% of the 2,625,000 shares shall be cancelled respectively within 30 days
after the Company files its Form 10-K with SEC.</font></div>
    <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">On
September 7, 2009, , the Company entered into amendment 4 to the Escrow
Agreement to extend the cancellation time from within 30 days after the Company
files its Form 10-K with SEC to within 75 days after the Company files its Form
10-K with SEC.</font></div>
    <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">A copy of
the Share Exchange Agreement, Escrow Agreement and Amendment No.1 to the Escrow
Agreement are incorporated herein by reference and are filed as Exhibits to this
Form 8-K. The description of the transactions contemplated by the Share Exchange
Agreement, Escrow Agreement and Amendment No. 1 to the Escrow Agreement set
forth herein do not purport to be complete and is qualified in its entirety by
reference to the full text of the exhibits filed herewith and incorporated by
this reference.</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Item
9.01 Financial Statements and Exhibits.</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">(d)
Exhibits.</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div>
      <table cellpadding="0" cellspacing="0" width="100%">
          <tr>
            <td align="left" valign="bottom" width="9%" style="BORDER-BOTTOM: black 2px solid">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-STYLE: italic; FONT-FAMILY: times new roman">Exhibit
      No.</font></div>
            </td>
            <td align="left" valign="bottom" width="1%" style="BORDER-BOTTOM: black 4px double"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;
      </font></td>
            <td align="left" valign="bottom" width="62%" style="BORDER-BOTTOM: black 2px solid">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-STYLE: italic; FONT-FAMILY: times new roman">Description</font></div>
            </td>
          </tr>
          <tr>
            <td align="left" valign="top" width="9%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;
      </font></td>
            <td align="left" valign="top" width="1%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;
      </font></td>
            <td align="left" valign="top" width="62%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;
      </font></td>
          </tr>
          <tr>
            <td align="right" valign="top" width="9%">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">2.1</font></div>
            </td>
            <td align="left" valign="top" width="1%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;
      </font></td>
            <td align="left" valign="top" width="62%">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">Share
      Exchange Agreement dated as of December 23, 2007. (1)</font></div>
            </td>
          </tr>
          <tr>
            <td align="right" valign="top" width="9%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;
      </font></td>
            <td align="left" valign="top" width="1%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;
      </font></td>
            <td align="left" valign="top" width="62%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;
      </font></td>
          </tr>
          <tr>
            <td align="right" valign="top" width="9%">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">10.1</font></div>
            </td>
            <td align="left" valign="top" width="1%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;
      </font></td>
            <td align="left" valign="top" width="62%">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">Escrow
      Agreement, dated as of December 23, 2007. (1)</font></div>
            </td>
          </tr>
          <tr>
            <td align="right" valign="top" width="9%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;
      </font></td>
            <td align="left" valign="top" width="1%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;
      </font></td>
            <td align="left" valign="top" width="62%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;
      </font></td>
          </tr>
          <tr>
            <td align="right" valign="top" width="9%">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">10.1.5</font></div>
            </td>
            <td align="left" valign="top" width="1%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;
      </font></td>
            <td align="left" valign="top" width="62%">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">Amendment
      No. 1 to Escrow Agreement dated January 31, 2008. (2)</font></div>
            </td>
          </tr>
          <tr>
            <td valign="top" width="9%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;
      </font></td>
            <td valign="top" width="1%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;
      </font></td>
            <td valign="top" width="62%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;
      </font></td>
          </tr>
          <tr>
            <td align="right" valign="top" width="9%">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">10.1.6</font></div>
            </td>
            <td valign="top" width="1%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;
      </font></td>
            <td align="left" valign="top" width="62%">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman"><a href="exhibit10_16.htm">Amendment No. 2 to Escrow Agreement dated
      September 4, 2008</a></font></div>
            </td>
          </tr>
          <tr>
            <td valign="top" width="9%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;
      </font></td>
            <td valign="top" width="1%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;
      </font></td>
            <td valign="top" width="62%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;
      </font></td>
          </tr>
          <tr>
            <td align="right" valign="top" width="9%">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">10.1.7</font></div>
            </td>
            <td valign="top" width="1%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;
      </font></td>
            <td align="left" valign="top" width="62%">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman"><a href="exhibit10_17.htm">Amendment No. 3 to Escrow Agreement dated June 4,
      2009</a></font></div>
            </td>
          </tr>
          <tr>
            <td valign="top" width="9%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;
      </font></td>
            <td valign="top" width="1%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;
      </font></td>
            <td valign="top" width="62%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;
      </font></td>
          </tr>
          <tr>
            <td align="right" valign="top" width="9%">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">10.1.8</font></div>
            </td>
            <td valign="top" width="1%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;
      </font></td>
            <td align="left" valign="top" width="62%">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman"><a href="exhibit10_18.htm">Amendment No. 4 to Escrow Agreement dated August
      4, 2009</a></font></div>
            </td>
          </tr>
          <tr>
            <td valign="top" width="9%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;
      </font></td>
            <td valign="top" width="1%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;
      </font></td>
            <td valign="top" width="62%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;
      </font></td>
          </tr>
          <tr>
            <td align="right" valign="top" width="9%">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">10.1.9</font></div>
            </td>
            <td valign="top" width="1%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;
      </font></td>
            <td align="left" valign="top" width="62%">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman"><a href="exhibit10_19.htm">Amendment No. 5 to Escrow Agreement dated August
      4, 2009</a></font></div>
            </td>
          </tr>
      </table>
    </div>
    <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div>
      <table cellpadding="0" cellspacing="0" id="list" width="100%">
          <tr valign="top">
            <td align="right" style="WIDTH: 36pt">
              <div><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">(1)&#160;&#160;</font></div>
            </td>
            <td>
              <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Previously
      filed on Form 8-K dated January 18,
2008.</font></div>
            </td>
          </tr>
      </table>
    </div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div>
      <table cellpadding="0" cellspacing="0" id="list" width="100%">
          <tr valign="top">
            <td align="right" style="WIDTH: 36pt">
              <div><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">(2)&#160;&#160;</font></div>
            </td>
            <td>
              <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Previously
      filed on Form 8-K dated January 31,
2008</font></div>
            </td>
          </tr>
      </table>
    </div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">SIGNATURES</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Pursuant
to the requirements of the Securities Exchange Act of 1934, the Registrant has
duly caused this report to be signed on its behalf by the undersigned hereunto
duly authorized.</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">K&#8217;s
Media</font></div>
    <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">By:&#160;&#160;/s/
Ke Wang</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left">
      <div>
        <hr style="COLOR: black" align="left" noshade size="1" width="20%">
      </div>
    </div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Name:&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;Ke
Wang</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Title:&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;Chairman</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Dated:&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;September
15, 2009</font></div>
    <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
    <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left">&#160;</div>
    <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
    <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div><br><br></body>
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{"company-data": {"conformed-name": "K's Media", "cik": "0001368256", "assigned-sic": "7310", "irs-number": "000000000", "state-of-incorporation": "NV", "fiscal-year-end": "0402"}, "filing-values": {"form-type": "8-K", "act": "34", "file-number": "000-52760", "film-number": "091069780"}, "business-address": {"street1": "RM.1909,TOWER A,THE SPACES INTERNATIONAL", "street2": "CENTER.NO.8, DONGDAQIAO ROAD", "city": "CHAOYANG DISTRICT, BEIJING", "state": "F4", "zip": "100020", "phone": "86-10-5921-2200"}, "mail-address": {"street1": "RM.1909,TOWER A,THE SPACES INTERNATIONAL", "street2": "CENTER.NO.8, DONGDAQIAO ROAD", "city": "CHAOYANG DISTRICT, BEIJING", "state": "F4", "zip": "100020"}, "former-company": [{"former-conformed-name": "KINGLAKE RESOURCES, INC.", "date-changed": "20080211"}, {"former-conformed-name": "KINGLAKE RESOURCES INC.", "date-changed": "20060703"}]}
kvme8k.htm
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): September 15, 2009
K's
Media
(Exact
Name of Registrant as Specified in Charter)
Nevada
(State or
Other Jurisdiction of Incorporation)
000-52760
(Commission
File Number)
75-3263792
(I.R.S.
Employer Identification No.)
Rm.1909,Tower
A, The Spaces International Center.No.8,Dongdaqiao Road,
ChaoYang
District, Beijing 100020,P.R China
(Address
of Principal Executive Offices) (Zip Code)
86-10-5921-2200
(Registrant's
Telephone Number, Including Area Code)
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 (see General Instruction A.2. below):
[_]
Written communications
pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
[_]
Soliciting material
pursuant to Rule 14a-12 under Exchange Act (17 CFR 240.14a-12)
[_]
Pre-commencement
communications pursuant to Rule 14d-2(b) under the Exchange Act (17
CFR240.14d-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.
As
previously disclosed on Form 8-K dated January 18, 2008, on January 18, 2008,
K's Media (the "
Company
"), completed
a Share Exchange Agreement (the "
Share Exchange
Agreement
") dated December 23, 2007, with Orient Come Holdings
Limited, a company organized under the laws of British Virgin Island ("
Orient Come
") and
Beijing K's Media Advertising Ltd. Co., a limited liability company organized
under the laws of the People's Republic Of China (the "
Chinese Advertisement
Company
").  Pursuant to the terms of the Share Exchange
Agreement, the shareholders of Orient Come (the "
Orient Come
Shareholders
") transferred to the Company all of the Orient Come shares
in exchange for the issuance of 13,000,000 shares of the Company's common stock
(the "
Acquisition
"). As a
result of the Acquisition, Orient Come became the Company's wholly-owned
subsidiary.
In
addition, under the terms of the Share Exchange Agreement, 10,500,000 newly
issued, but not outstanding restricted common shares of the Company's common
stock (the "
Escrowed
Shares
") were issued to the shareholders or their designed parties of
Chinese Advertisement Company (the "
Shareholders of the Chinese
Advertising Company
") pursuant to an Escrow Agreement dated December 23,
2007 (the "
Escrow
Agreement
") with Orient Come, Chinese Advertisement Company, and
Shareholders of Chinese Advertisement Company.  Under the Escrow
Agreement, the Escrow Shares were deposited in an escrow account with an escrow
agent and subject to release as provided under the Appendix to the Escrow
Agreement.
On  January
31, 2008 the Escrow Agreement was amended pursuant to Amendment No. 1 to the
Escrow Agreement to provide that, in addition to the original release terms, in
the event of a merger or consolidation of the Company on or prior to the end of
April of the fiscal year 2010, with or into another corporation or any other
entity or the exchange of substantially all of the outstanding stock of the
Company for shares of another entity or other property in which, after any such
transaction the prior shareholders of the Company own less than fifty percent
(50%) of the voting shares of the continuing or surviving entity, or in the
event of the sale of all or substantially all of the assets of the Company, then
all of the Escrowed Shares shall be released and distributed to the Shareholders
of the Chinese Advertising Company.
On
September 4, 2008 the Company entered into amendment 2 to the Escrow Agreement
made as of the 23rd day of December 2007 by and between K's Media; Orient Come
Holdings Limited; Beijing K's Media Advertising Ltd. Co.; the Company's
management personnel; and Arnstein & Lehr LLP, a law
firm.  Pursuant to the amendment Zhuang, Yan; Chang, Lin and Wu,
LiHong each transferred the right to receive 100,000 escrowed shares, and Lu,
Yong assigned the right to receive 300,000 escrowed shares, to Andy
Pang.  Mr. Pang currently serves as Chief Operating Officer of the
Company
.
The assigned
escrowed shares of common stock remain subject to the escrow agreement, as
amended.
On June
4, 2009, the Company entered into amendment 3 to the Escrow Agreement made as of
the 23rd day of December 2007 by and between K's Media; Orient Come Holdings
Limited; Beijing K's Media Advertising Ltd. Co.; an affiliate of Shine
MultiMedia Co., Ltd. ("Shine"), a provider of services to the Company and
Arnstein & Lehr LLP, a law firm. The remaining 2,625,000 (25%) escrowed
shares are issuable to an affiliate of Shine Company and are being held pending
the Company's entering into advertising agreements with KTV clubs as facilitated
by the affiliate.  Due to the change of the overall economic
environment during the second half of 2008, and under the new condition,
1,575,000 escrowed shares have been released to the affiliate of Shine in July
2009. On the second and third anniversaries, 525,000 (20% each year) of the
escrowed shares will be released if the affiliate has signed up more than 600
KTV clubs during the respective year under advertising agreements with the
Company. If between 300 and 600 KTV clubs have signed advertising
agreements during the year the number of shares to be released will be reduced
on a pro rata basis. If less than 300 KTV clubs have signed advertising
agreements with the Company during each of those years, then 525,000 (20% per
year) of the escrowed shares will be returned to the Company, and the affiliate
will no longer be entitled to the shares. Pursuant to amendment 3 to the Escrow
Agreement, 1,575,000 shares have been issued to an affiliate of
Shine.
On August
4, 2009, the Company entered into amendment 4 to the Escrow Agreement to extend
the achievement of $2,118,789 of audited signed sales from K's Media's
operations for K's Media fiscal year ended December 31, 2008 to 16 months from
January 1, 2008 to April 30, 2009 (the "2009 Amended Performance Threshold") and
$15,980,447 of the audited signed sales from K's Media's operations results for
K's Media fiscal year ended April 30, 2010 (the "2010 Amended Performance
Threshold"),
and
$36,929,605 of the audited signed sales from K's Media's operations results for
K's Media fiscal year ended April 30, 2011 (the "2011 Amended Performance
Threshold"). If K's Media achieved each of the 2009, 2010 and 2011 Amended
Performance Threshold, one third of the Escrow Shares will be released to
shareholders of K's Media every performance period for a total of 3.33 years. If
Performance Threshold is not achieved, a number of Escrow Shares (such number to
be determined by the formula as set forth in the Escrow Agreement) will be
returned to the Company for cancellation within 30 days after the Company files
its Form 10-K with SEC. Upon the termination of the Escrow agreement, any and
all Escrow shares remaining in the Escrow account shall be returned to the
Company for cancellation.  The remaining 2,625,000 being held as
security for K's Media entering into advertising agreements with entertainment
clubs facilitated by the service provider. If at the end of 16 months ended
April 30, 2009 the service provider has signed up less than 300 entertainment
clubs under advertising agreements with K's Media, then 60% of the
2,625,000 shares shall be cancelled within 30 days after the Company files its
Form 10-K with SEC.  If at the end of K's Media fiscal year ended
April 30, 2010 and K's Media fiscal year ended April 30, 2011 the service
provider has facilitated less than 600 advertising agreements per each year,
then 20% of the 2,625,000 shares shall be cancelled respectively within 30 days
after the Company files its Form 10-K with SEC.
On
September 7, 2009, , the Company entered into amendment 4 to the Escrow
Agreement to extend the cancellation time from within 30 days after the Company
files its Form 10-K with SEC to within 75 days after the Company files its Form
10-K with SEC.
A copy of
the Share Exchange Agreement, Escrow Agreement and Amendment No.1 to the Escrow
Agreement are incorporated herein by reference and are filed as Exhibits to this
Form 8-K. The description of the transactions contemplated by the Share Exchange
Agreement, Escrow Agreement and Amendment No. 1 to the Escrow Agreement set
forth herein do not purport to be complete and is qualified in its entirety by
reference to the full text of the exhibits filed herewith and incorporated by
this reference.
Item
9.01 Financial Statements and Exhibits.
(d)
Exhibits.
Exhibit
      No.
Description
2.1
Share
      Exchange Agreement dated as of December 23, 2007. (1)
10.1
Escrow
      Agreement, dated as of December 23, 2007. (1)
10.1.5
Amendment
      No. 1 to Escrow Agreement dated January 31, 2008. (2)
10.1.6
Amendment No. 2 to Escrow Agreement dated
      September 4, 2008
10.1.7
Amendment No. 3 to Escrow Agreement dated June 4,
      2009
10.1.8
Amendment No. 4 to Escrow Agreement dated August
      4, 2009
10.1.9
Amendment No. 5 to Escrow Agreement dated August
      4, 2009
(1)
Previously
      filed on Form 8-K dated January 18,
2008.
(2)
Previously
      filed on Form 8-K dated January 31,
2008
SIGNATURES
Pursuant
to the requirements of the Securities Exchange Act of 1934, the Registrant has
duly caused this report to be signed on its behalf by the undersigned hereunto
duly authorized.
K's
Media
By:  /s/
Ke Wang
Name:                      Ke
Wang
Title:                      Chairman
Dated:                      September
15, 2009