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<p ALIGN="CENTER"><font size="2" face="Arial">UNITED STATES<br>
SECURITIES AND EXCHANGE COMMISSION<br>
WASHINGTON, D.C. 20549<br>
</b>__________________</font></p>

<p ALIGN="CENTER"><b><font size="2" face="Arial">FORM 8-K</font></p>

<p ALIGN="CENTER"><font size="2" face="Arial">CURRENT REPORT</font></p>
</b>

<p ALIGN="CENTER"><font size="2" face="Arial">PURSUANT TO SECTION 13 OR 15(d) of the<br>
SECURITIES EXCHANGE ACT OF 1934<br>
__________________</font></p>

<p ALIGN="CENTER"><font size="2" face="Arial">Date of Report (Date of earliest event
reported): September 25, 2009</font></p>
<u><b>

<p ALIGN="CENTER"><font size="2" face="Arial">CHINA MEDIA GROUP CORPORATION<br>
</b></u>(Exact Name of Registrant as Specified in Charter)</font></p>
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    <td WIDTH="37%" VALIGN="BOTTOM"><p ALIGN="CENTER"><font size="2" face="Arial"><u><b>Texas</b></u></font></td>
    <td WIDTH="32%" VALIGN="BOTTOM"><u><b><p ALIGN="CENTER"><font size="2" face="Arial">5813</font></b></u></td>
    <td WIDTH="32%" VALIGN="BOTTOM"><u><b><p ALIGN="CENTER"><font size="2" face="Arial">75-3016844</font></b></u></td>
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    <td WIDTH="37%" VALIGN="BOTTOM"><p ALIGN="CENTER"><font size="2" face="Arial">(State or
    other jurisdiction</font></td>
    <td WIDTH="32%" VALIGN="BOTTOM"><p ALIGN="CENTER"><font size="2" face="Arial">(Commission</font></td>
    <td WIDTH="32%" VALIGN="BOTTOM"><p ALIGN="CENTER"><font size="2" face="Arial">(IRS
    Employer</font></td>
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    <td WIDTH="37%" VALIGN="BOTTOM"><p ALIGN="CENTER"><font size="2" face="Arial">of
    incorporation)</font></td>
    <td WIDTH="32%" VALIGN="BOTTOM"><p ALIGN="CENTER"><font size="2" face="Arial">File Number)</font></td>
    <td WIDTH="32%" VALIGN="BOTTOM"><p ALIGN="CENTER"><font size="2" face="Arial">Identification
    No.)</font></td>
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    <td WIDTH="65%" VALIGN="middle" height="20"><u><b><p ALIGN="CENTER"><font size="2"
    face="Arial"><br>
    1403 Wan Chai Commercial Center, 194-204 Johnston Road, Wanchai, Hong Kong</font></b></u></td>
    <td WIDTH="35%" VALIGN="middle" height="20"><u><b><p ALIGN="CENTER"><font size="2"
    face="Arial">n/a</font></b></u></td>
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    <td WIDTH="65%" VALIGN="middle" height="20"><p ALIGN="CENTER"><font size="2" face="Arial">(Address
    of principal executive offices)</font></td>
    <td WIDTH="35%" VALIGN="middle" height="20"><p ALIGN="CENTER"><font size="2" face="Arial">(Zip
    code)</font></td>
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    <td WIDTH="35%" VALIGN="middle" height="20"></td>
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    <td WIDTH="65%" VALIGN="middle" height="20"><p ALIGN="CENTER"><font size="2" face="Arial">Registrant's
    telephone number, including area code:</font></td>
    <td WIDTH="35%" VALIGN="middle" height="20"><b><p ALIGN="CENTER"><font size="2"
    face="Arial">+011 852 3171 1208 (ext. 222)</font></b></td>
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    <td VALIGN="TOP" HEIGHT="37"><p ALIGN="JUSTIFY"><font size="2" face="Arial">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></td>
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    <td VALIGN="TOP"><font size="2" face="Arial"><br>
    [&nbsp;&nbsp; ] Written communications pursuant to Rule 425 under the Securities Act (17
    CFR 230.425)</font></td>
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    [&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"><p ALIGN="JUSTIFY"><font size="2" face="Arial"><br>
    [&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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    [&nbsp;&nbsp; ] Pre-commencement communications pursuant to Rule 13e-4(c) under the
    Exchange Act (17 CFR 240.13e-4(c))</font></td>
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    <td WIDTH="14%" VALIGN="TOP" HEIGHT="27"><b><p ALIGN="JUSTIFY"><font size="2" face="Arial">Item
    1.01</font></b></td>
    <td WIDTH="86%" VALIGN="TOP" HEIGHT="27"><b><p ALIGN="JUSTIFY"><font size="2" face="Arial">Entry
    into a Material Definitive Agreement</font></b></td>
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    <td VALIGN="TOP"><p ALIGN="JUSTIFY"></font><font face="Arial" size="3"><br>
    </font></b><font size="2" face="Arial">On September 24, 2009, Good World Investments
    Limited (&quot;GWIL&quot;), a wholly owned subsidiary of China Media Group Corporation
    (&quot;CMG&quot;), subscribed for 51% in the shares of Premium Multimedia Sdn. Bhd.
    (&quot;PM&quot; or the &quot;Company&quot;) for a total subscription price of RM5,100. PM
    is a company incorporated in Malaysia and is intended to be engaged in the business of
    outdoor media and advertising. At the date of the subscription, the Company has received
    the right to 19 outdoor billboards in Kuala Lumpur of which 9 has been built, but has not
    commenced sale of these advertising boards. </font><font size="2"></p>
    <p ALIGN="JUSTIFY"><font face="Arial">On September 25, 2009 GWIL, Mr. Allan Gallyot
    (&quot;Mr. Gallyot&quot;) the 49% shareholder and founder of PM and the Company, entered
    into a Shareholders' Agreement (&quot;Agreement&quot;) to regulate the affairs of the
    Company. According to the Agreement, GWIL and Premium, inter alia, shall work together in
    pursuing the outdoor media business in Asia. GWIL will in its best efforts from the
    capital markets contribute up to a maximum of RM500,000 over a one year period as a loan
    to the Company in accordance to the Business Plan of the Company. GWIL will endeavour to
    provide up to RM100,000 loan to the Company before November 30, 2009. Mr. Gallyot will in
    his best efforts provide resources to the Company to roll out the business according to
    the Business Plan. Furthermore, each shareholder has the right to appoint one director on
    to the board of PM, however in the event of equality of votes, the Chairman who is
    appointed by GWIL, will have the second and casting vote.</font></p>
    <p><font face="Arial">A copy of the Agreement is attached hereto.</font></font></td>
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    <td WIDTH="14%" VALIGN="top" height="20"><b><p ALIGN="JUSTIFY"><font size="2" face="Arial">Item
    9.01</font></b></td>
    <td WIDTH="86%" VALIGN="top" height="20"><b><p ALIGN="JUSTIFY"><font size="2" face="Arial">Financial
    Statements and Exhibits</font></b></td>
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    <td WIDTH="14%" VALIGN="top" height="20"><p ALIGN="JUSTIFY"><font size="2" face="Arial">(a)</font></td>
    <td WIDTH="86%" VALIGN="top" height="20"><p ALIGN="JUSTIFY"><font size="2" face="Arial">Not
    applicable</font></td>
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    <td WIDTH="14%" VALIGN="top" height="20"><p ALIGN="JUSTIFY"><font size="2" face="Arial">(b)</font></td>
    <td WIDTH="86%" VALIGN="top" height="20"><p ALIGN="JUSTIFY"><font size="2" face="Arial">Not
    applicable</font></td>
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    <td WIDTH="14%" VALIGN="top" height="20"><p ALIGN="JUSTIFY"><font size="2" face="Arial">(c)</font></td>
    <td WIDTH="86%" VALIGN="top" height="20"><p ALIGN="JUSTIFY"><font size="2" face="Arial">Exhibit
    No. Description See table below.</font></td>
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    <td WIDTH="14%" VALIGN="top" BGCOLOR="#C0C0C0"><font size="2" face="Arial"><b>Exhibit</b></font></td>
    <td WIDTH="64%" VALIGN="top" BGCOLOR="#C0C0C0"><font size="2" face="Arial"><b>Description</b></font></td>
    <td WIDTH="22%" VALIGN="top" BGCOLOR="#C0C0C0"><font size="2" face="Arial"><b>Location</b></font></td>
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    <td WIDTH="14%" VALIGN="top"><p ALIGN="CENTER"><font size="2" face="Arial"><br>
    Exhibit 10.1</font></td>
    <td WIDTH="64%" VALIGN="top"><p ALIGN="JUSTIFY"><font size="2" face="Arial"><br>
    Shareholders' Agreement</font></td>
    <td WIDTH="22%" VALIGN="top"><p ALIGN="JUSTIFY"><font size="2" face="Arial"><br>
    Provided herewith</font></td>
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<p ALIGN="CENTER"><font size="2"><font size="2" face="Arial">SIGNATURES</font></p>
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    <td VALIGN="TOP"><p ALIGN="JUSTIFY"><font size="2" face="Arial">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></font></td>
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    <td WIDTH="45%" VALIGN="TOP"><font size="2" face="Arial" size="2"><br>
    Date: September 30, 2009</font></td>
    <td WIDTH="55%" VALIGN="TOP"></b><font size="2" face="Arial" size="2"><strong><br>
    CHINA MEDIA GROUP CORPORATION</strong></font></td>
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    <b><b>
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    <b><b>
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    <td WIDTH="55%" VALIGN="TOP"><font size="2" face="Arial">By: <i>/s/ Con Unerkov<br>
    </i>---------------------------------<i><br>
    </i>Name: Con Unerkov<i><br>
    </i>Title: Non-Executive Chairman</font></td>
    <b><b>
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    <td VALIGN="top" height="10"><b><p ALIGN="JUSTIFY"><font size="2" face="Arial">Exhibit
    10.1</font></b></td>
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    <td VALIGN="top" height="10"><u><b><p ALIGN="CENTER"><font size="2" face="Arial">DATED 25<sup>th</sup>
    SEPTEMBER 2009</font></b></u></td>
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    <td VALIGN="top" height="10"><b><p ALIGN="CENTER"><font size="2" face="Arial">(1) GOOD
    WORLD INVESTMENTS LIMITED</font></b></td>
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    <td VALIGN="top" height="10"><b><p ALIGN="CENTER"><font size="2" face="Arial">(2) ALLAN
    GALLYOT</font></b></td>
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    <td VALIGN="top" height="10"><b><p ALIGN="CENTER"><font size="2" face="Arial">AND</font></b></td>
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    <td VALIGN="top" height="10"><b><p ALIGN="CENTER"><font size="2" face="Arial">(3) PREMIUM
    MUTLIMEDIA SDN. BHD.</font></b></td>
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    <td VALIGN="top" height="10"><b><p ALIGN="CENTER"><font size="2" face="Arial">______________________________________________</font></b></td>
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    <td VALIGN="top" height="10"><b><p ALIGN="CENTER"><font size="2" face="Arial">SHAREHOLDERS'
    AGREEMENT</font></b></td>
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    <td VALIGN="top" height="10"><b><p ALIGN="CENTER"><font size="2" face="Arial">______________________________________________</font></b></td>
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    <td VALIGN="top" height="10"><b><p ALIGN="JUSTIFY"><font size="2" face="Arial">THIS
    AGREEMENT</b> is made on the 25<sup>th</sup> day of September 2009 <b>BETWEEN:</b></font></td>
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    <td VALIGN="top" height="10"><p ALIGN="JUSTIFY"><font size="2" face="Arial">(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 (&quot;GWIL&quot; or &quot;GWIL&quot;);</font></td>
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    <td VALIGN="top" height="10"><p ALIGN="JUSTIFY"><font size="2" face="Arial">(2) <b>Allan
    Gallyot.</b>, Malaysia passport number ( ) a Malaysia citizen whose residential address is
    at <b>No.36 Lorong Maarof, Bangsar Park, 59100, Kuala Lumpur, Malaysia</b> (&quot;<b>Mr.
    Gallyot</b>&quot;); and</font></td>
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    <td VALIGN="top" height="10"><p ALIGN="JUSTIFY"><font size="2" face="Arial">(3) <b>Premium
    Multimedia Sdn. Bhd.</b>, (Company Number 485459-D) a company incorporated in <b>Malaysia </b>whose
    registered office is at <b>No.36 Lorong Maarof, Bangsar Park, 59100, Kuala Lumpur,
    Malaysia</b> (&quot;<b>Company</b>&quot;).</font></td>
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    <td VALIGN="top" height="10"><b><p ALIGN="JUSTIFY"><font size="2" face="Arial">WHEREAS</font></b></td>
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    <td VALIGN="top" height="10"><p ALIGN="JUSTIFY"><font size="2" face="Arial">(A) GWIL is a
    wholly owned subsidiary of China Media Group Corporation (&quot;CMG&quot;), 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
    businesses of media, advertising and marketing mobile devices. </font></td>
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    <td VALIGN="top" height="10"><p ALIGN="JUSTIFY"><font size="2" face="Arial">(B) Mr.
    Gallyot is the founder of the Company and has been in the business of outdoor media for
    over 10 years. The Company is a private limited company incorporated in Malaysia and is in
    the business of outdoor advertising business in Malaysia. </font></td>
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    <td VALIGN="top" height="10"><p ALIGN="JUSTIFY"><font size="2" face="Arial">(C) GWIL and
    the Company wishes to work together to sell outdoor media in Asia. GWIL has the ability
    and the business contacts to support and expand the operations of the Company. The parties
    recognize the strength and resources available to each party and the Company has invited
    GWIL to subscribe for new shares in the Company to enable GWIL to hold 51% in the shares
    in the Company. On and about September 24, 2009 GWIL subscribed 51 shares in the Company.</font></td>
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    <td VALIGN="top" height="10"><p ALIGN="JUSTIFY"><font size="2" face="Arial">(D) As at the
    date hereof, the Company has an authorised share capital of RM100,000 divided into 100,000
    Shares of RM1.00 each of which 100 Shares have been issued and are fully paid-up. GWIL
    owns 51 Shares and Mr. Gallyot owns 49 shares of the Company.</font></td>
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    <td VALIGN="top" height="10"><p ALIGN="JUSTIFY"><font size="2" face="Arial">(E) This is
    the 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>
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    <td VALIGN="top" height="10"><b><p ALIGN="JUSTIFY"><font size="2" face="Arial">IT IS
    HEREBY AGREED as follows:</font></b></td>
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  </tr>
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    <td WIDTH="59" VALIGN="top" height="15"><p ALIGN="JUSTIFY"><font size="2" face="Arial"><strong>1</strong></font></td>
    <td WIDTH="553" VALIGN="top" height="15"><font size="2"><p ALIGN="JUSTIFY"></font><font
    face="Arial"><small><u><strong>Definitions and Interpretation</strong></u></small></font></td>
  </tr>
  <tr>
    <td WIDTH="59" VALIGN="top" height="15"></td>
    <td WIDTH="553" VALIGN="top" height="15"></td>
  </tr>
  <tr>
    <td WIDTH="59" VALIGN="top" height="15"><font size="2" face="Arial">1.1</font></td>
    <td WIDTH="553" VALIGN="top" height="15"><font size="2" face="Arial">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="15"></td>
    <td WIDTH="553" VALIGN="top" height="15"></td>
  </tr>
</table>
</center></div><div align="center"><center>

<table BORDER="0" CELLSPACING="0" CELLPADDING="0" WIDTH="561">
  <tr>
    </b></b></b></b><td WIDTH="35%" VALIGN="top" height="20"><p ALIGN="JUSTIFY"><font size="2"
    face="Arial"><strong>&quot;Affiliated Company&quot;</strong></font></td>
    <b><b><b><b><td WIDTH="65%" VALIGN="top" height="20"><p ALIGN="JUSTIFY"><font size="2"
    face="Arial">means, in relation to any Shareholder, any subsidiary or holding company of
    such Shareholder or any subsidiary of any such holding company;</font></b></b></b></b></td>
  </tr>
  <tr>
    <td WIDTH="35%" VALIGN="top" height="20"></td>
    <b><b><b><b><td WIDTH="65%" VALIGN="top" height="20"></b></b></b></b></td>
  </tr>
  <tr>
    <td WIDTH="35%" VALIGN="top" height="20"><p ALIGN="JUSTIFY"><font size="2" face="Arial"><strong>&quot;Applicable
    Law&quot;</strong></font></td>
    <b><b><b><b><td WIDTH="65%" VALIGN="top" height="20"><p ALIGN="JUSTIFY"><font size="2"
    face="Arial">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></b></b></b></b></td>
  </tr>
  <tr>
    <td WIDTH="35%" VALIGN="top" height="20"></td>
    <b><b><b><b><td WIDTH="65%" VALIGN="top" height="20"></b></b></b></b></td>
  </tr>
  <tr>
    <td WIDTH="35%" VALIGN="top" height="20"><p ALIGN="JUSTIFY"><font size="2" face="Arial"><strong>&quot;Board&quot;</strong></font></td>
    <b><b><b><b><td WIDTH="65%" VALIGN="top" height="20"><p ALIGN="JUSTIFY"><font size="2"
    face="Arial">means the Company's board of directors as constituted from time to time;</font></b></b></b></b></td>
  </tr>
  <tr>
    <td WIDTH="35%" VALIGN="top" height="20"></td>
    <b><b><b><b><td WIDTH="65%" VALIGN="top" height="20"></b></b></b></b></td>
  </tr>
</table>
</center></div>

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

<table BORDER="0" CELLSPACING="0" CELLPADDING="0" WIDTH="561">
  <tr>
    <td WIDTH="35%" VALIGN="top" height="20"><p ALIGN="JUSTIFY"><font size="2" face="Arial"><b><b><b>&quot;Business
    Plan&quot;</b></b></b></font></td>
    <td WIDTH="65%" VALIGN="top" height="20"><p ALIGN="JUSTIFY"><font size="2" face="Arial">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></td>
    <b><b><b>
  </tr>
  <tr>
    </b></b></b><td WIDTH="35%" VALIGN="top" height="20"></td>
    <td WIDTH="65%" VALIGN="top" height="20"></td>
    <b><b><b>
  </tr>
  <tr>
    </b></b></b><td WIDTH="35%" VALIGN="top" height="20"><p ALIGN="JUSTIFY"><font size="2"
    face="Arial"><b><b><b>&quot;Directors&quot;</b></b></b></font></td>
    <td WIDTH="65%" VALIGN="top" height="20"><p ALIGN="JUSTIFY"><font size="2" face="Arial">means
    the directors of the Company;</font></td>
    <b><b><b>
  </tr>
  <tr>
    </b></b></b><td WIDTH="35%" VALIGN="top" height="20"></td>
    <td WIDTH="65%" VALIGN="top" height="20"></td>
    <b><b><b>
  </tr>
  <tr>
    </b></b></b><td WIDTH="35%" VALIGN="top" height="20"><p ALIGN="JUSTIFY"><font size="2"
    face="Arial"><b><b><b>&quot;Hong Kong&quot;</b></b></b></font></td>
    <td WIDTH="65%" VALIGN="top" height="20"><p ALIGN="JUSTIFY"><font size="2" face="Arial">means
    the Hong Kong Special Administrative Region of the People's Republic of China;</font></td>
    <b><b><b>
  </tr>
  <tr>
    </b></b></b><td WIDTH="35%" VALIGN="top" height="20"></td>
    <td WIDTH="65%" VALIGN="top" height="20"></td>
    <b><b><b>
  </tr>
  <tr>
    </b></b></b><td WIDTH="35%" VALIGN="top" height="20"><p ALIGN="JUSTIFY"><font size="2"
    face="Arial"><b><b><b>&quot;Parties&quot;</b></b></b></font></td>
    <td WIDTH="65%" VALIGN="top" height="20"><p ALIGN="JUSTIFY"><font size="2" face="Arial">means
    the parties to this Agreement and their respective successors and permitted assigns, and
    &quot;Party&quot; 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></td>
    <b><b><b>
  </tr>
  <tr>
    </b></b></b><td WIDTH="35%" VALIGN="top" height="20"></td>
    <td WIDTH="65%" VALIGN="top" height="20"></td>
    <b><b><b>
  </tr>
  <tr>
    </b></b></b><td WIDTH="35%" VALIGN="top" height="20"><p ALIGN="JUSTIFY"><font size="2"
    face="Arial"><b><b><b>&quot;Share&quot;</b></b></b></font></td>
    <td WIDTH="65%" VALIGN="top" height="20"><p ALIGN="JUSTIFY"><font size="2" face="Arial">means
    share of RM1.00 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></td>
    <b><b><b>
  </tr>
  <tr>
    </b></b></b><td WIDTH="35%" VALIGN="top" height="20"></td>
    <td WIDTH="65%" VALIGN="top" height="20"></td>
    <b><b><b>
  </tr>
  <tr>
    </b></b></b><td WIDTH="35%" VALIGN="top" height="20"><p ALIGN="JUSTIFY"><font size="2"
    face="Arial"><b><b><b>&quot;Shareholders&quot;</b></b></b></font></td>
    <td WIDTH="65%" VALIGN="top" height="20"><p ALIGN="JUSTIFY"><font size="2" face="Arial">means
    GWIL and Mr. Gollyot 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 &quot;Shareholder&quot; means any one of
    them;</font></td>
    <b><b><b>
  </tr>
  <tr>
    </b></b></b><td WIDTH="35%" VALIGN="top" height="20"></td>
    <td WIDTH="65%" VALIGN="top" height="20"></td>
    <b><b><b>
  </tr>
  <tr>
    </b></b></b><td WIDTH="35%" VALIGN="top" height="20"><p ALIGN="JUSTIFY"><font size="2"
    face="Arial"><b><b><b>&quot;RM&quot;</b></b></b></font></td>
    <td WIDTH="65%" VALIGN="top" height="20"><p ALIGN="JUSTIFY"><font size="2" face="Arial">means
    Malaysian Ringlet; and</font></td>
    <b><b><b>
  </tr>
  <tr>
    </b></b></b><td WIDTH="35%" VALIGN="top" height="20"></td>
    <td WIDTH="65%" VALIGN="top" height="20"></td>
    <b><b><b>
  </tr>
</table>
</center></div><div align="center"><center>

<table BORDER="0" CELLSPACING="0" CELLPADDING="1" WIDTH="616">
  <tr>
    <td WIDTH="59" VALIGN="top" height="15"><font size="2" face="Arial">1.2 </font></td>
    <td WIDTH="553" VALIGN="top" height="15"><p ALIGN="JUSTIFY"><font size="2" face="Arial"><u><b>Statutes.</b></u>
    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="15"></td>
    <td WIDTH="553" VALIGN="top" height="15"></td>
  </tr>
  <tr>
    <td WIDTH="59" VALIGN="top" height="15"><font size="2" face="Arial">1.3</font></td>
    <td WIDTH="553" VALIGN="top" height="15"><font size="2"><p ALIGN="JUSTIFY"><font
    face="Arial"><u><b>Clauses and Schedules.</b></u> 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></font></td>
  </tr>
  <tr>
    <td WIDTH="59" VALIGN="top" height="15"></td>
    <td WIDTH="553" VALIGN="top" height="15"></td>
  </tr>
  <tr>
    <td WIDTH="59" VALIGN="top" height="15"><font size="2" face="Arial">1.4</font></td>
    <td WIDTH="553" VALIGN="top" height="15"><font size="2" face="Arial"><u><b>Construction</b></u></font></td>
  </tr>
  <tr>
    <td WIDTH="59" VALIGN="top" height="15"></td>
    <td WIDTH="553" VALIGN="top" height="15"></td>
  </tr>
  <tr>
    <td WIDTH="59" VALIGN="top" height="15"><font size="2" face="Arial">1.4.1 </font></td>
    <td WIDTH="553" VALIGN="top" height="15"><p ALIGN="JUSTIFY"><font size="2" face="Arial">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="15"></td>
    <td WIDTH="553" VALIGN="top" height="15"></td>
  </tr>
  <tr>
    <td WIDTH="59" VALIGN="top" height="15"><font size="2" face="Arial">1.4.2</font></td>
    <td WIDTH="553" VALIGN="top" height="15"><p ALIGN="JUSTIFY"><font size="2" face="Arial">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="15"></td>
    <td WIDTH="553" VALIGN="top" height="15"></td>
  </tr>
  <tr>
    <td WIDTH="59" VALIGN="top" height="15"><font size="2" face="Arial">1.4.3 </font></td>
    <td WIDTH="553" VALIGN="top" height="15"><p ALIGN="JUSTIFY"><font size="2" face="Arial">References
    to &quot;<b>persons</b>&quot; 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="15"></td>
    <td WIDTH="553" VALIGN="top" height="15"></td>
  </tr>
  <tr>
    <td WIDTH="59" VALIGN="top" height="15"><font size="2" face="Arial">1.4.4</font></td>
    <td WIDTH="553" VALIGN="top" height="15"><p ALIGN="JUSTIFY"><font size="2" face="Arial">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="15"></td>
    <td WIDTH="553" VALIGN="top" height="15"></td>
  </tr>
  <tr>
    <td WIDTH="59" VALIGN="top" height="15"><font size="2" face="Arial">1.5</font></td>
    <td WIDTH="553" VALIGN="top" height="15"><p ALIGN="JUSTIFY"><font size="2" face="Arial"><u><b>Successors
    and permitted assigns.</b></u> Where the context permits, the expressions
    &quot;GWIL&quot;, and &quot;Mr. Gallyot&quot; include their respective successors and
    permitted assigns.</font></td>
  </tr>
  <tr>
    <td WIDTH="59" VALIGN="top" height="15"></td>
    <td WIDTH="553" VALIGN="top" height="15"></td>
  </tr>
  <tr>
    <td WIDTH="59" VALIGN="top" height="15"><font size="2" face="Arial">1.6</font></td>
    <td WIDTH="553" VALIGN="top" height="15"><p ALIGN="JUSTIFY"><font size="2" face="Arial"><u><b>Approved
    terms.</b></u> A document expressed to be &quot;<b>in the approved terms</b>&quot; 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="15"></td>
    <td WIDTH="553" VALIGN="top" height="15"></td>
  </tr>
</table>
</center></div><b>

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

<table BORDER="0" CELLSPACING="0" CELLPADDING="1" WIDTH="616">
  <tr>
    <td WIDTH="59" VALIGN="top" height="15"><font size="2" face="Arial"><b>2.0 </b></font></td>
    <td WIDTH="553" VALIGN="top" height="15"><font size="2" face="Arial"><u><b>Business</b></u></font></td>
  </tr>
  <tr>
    <td WIDTH="59" VALIGN="top" height="15"></td>
    <td WIDTH="553" VALIGN="top" height="15"></td>
  </tr>
  <tr>
    <td WIDTH="59" VALIGN="top" height="15"><font size="2" face="Arial">2.1</font></td>
    <td WIDTH="553" VALIGN="top" height="15"><p ALIGN="JUSTIFY"><font size="2" face="Arial"><u><b>Business.</b></u>
    The Shareholders acknowledge and agree that the Company remains at all times, a single
    purpose vehicle for the purpose of pursuing its media and advertising business in outdoor
    media and any other business approved by the Board from time to time (the
    &quot;Business&quot;).</font></td>
  </tr>
  <tr>
    <td WIDTH="59" VALIGN="top" height="15"></td>
    <td WIDTH="553" VALIGN="top" height="15"></td>
  </tr>
  <tr>
    <td WIDTH="59" VALIGN="top" height="15"><font size="2" face="Arial"><b>3.0</b></font></td>
    <td WIDTH="553" VALIGN="top" height="15"><font size="2" face="Arial"><u><b>Contribution By
    Shareholders</b></u></font></td>
  </tr>
  <tr>
    <td WIDTH="59" VALIGN="top" height="15"></td>
    <td WIDTH="553" VALIGN="top" height="15"></td>
  </tr>
  <tr>
    <td WIDTH="59" VALIGN="top" height="15"><font size="2" face="Arial">3.1</font></td>
    <td WIDTH="553" VALIGN="top" height="15"><p ALIGN="JUSTIFY"><font size="2" face="Arial"><u><b>Contributions
    from GWIL.</b></u> GWIL will in its best efforts from the capital markets contribute up to
    a maximum of RM500,000 over a one year period as a loan to the Company in accordance to
    the Business Plan of the Company. GWIL will endeavour to provide up to RM100,000 loan to
    the company before November 30, 2009.</font></td>
  </tr>
  <tr>
    <td WIDTH="59" VALIGN="top" height="15"></td>
    <td WIDTH="553" VALIGN="top" height="15"></td>
  </tr>
  <tr>
    <td WIDTH="59" VALIGN="top" height="15"><font size="2" face="Arial">3.2</font></td>
    <td WIDTH="553" VALIGN="top" height="15"><p ALIGN="JUSTIFY"><font size="2" face="Arial"><u><b>Contributions
    from Mr. Gallyot.</b></u> Mr. Gallyot will in his best efforts provide resources to the
    Company to roll out the business according to the Business Plan of the Company.</font></td>
  </tr>
  <tr>
    <td WIDTH="59" VALIGN="top" height="15"></td>
    <td WIDTH="553" VALIGN="top" height="15"></td>
  </tr>
  <tr>
    <td WIDTH="59" VALIGN="top" height="15"><font size="2" face="Arial">4.0</font></td>
    <td WIDTH="553" VALIGN="top" height="15"><p ALIGN="JUSTIFY"><font size="2" face="Arial"><u><b>Management
    of the Company</b></u></font></td>
  </tr>
  <tr>
    <td WIDTH="59" VALIGN="top" height="15"></td>
    <td WIDTH="553" VALIGN="top" height="15"></td>
  </tr>
  <tr>
    <td WIDTH="59" VALIGN="top" height="15"><font size="2" face="Arial">4.1</font></td>
    <td WIDTH="553" VALIGN="top" height="15"><p ALIGN="JUSTIFY"><font size="2" face="Arial"><u><b>Responsibilities
    of the Board.</b></u> The business of the Company shall be managed by the Board, whose
    duties and responsibilities shall, subject to Clause 4.10, include without limitation:</font></td>
  </tr>
  <tr>
    <td WIDTH="59" VALIGN="top" height="15"></td>
    <td WIDTH="553" VALIGN="top" height="15"></td>
  </tr>
  <tr>
    <td WIDTH="59" VALIGN="top" height="15"><font size="2" face="Arial">(a) </font></td>
    <td WIDTH="553" VALIGN="top" height="15"><p ALIGN="JUSTIFY"><font size="2" face="Arial">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="15"></td>
    <td WIDTH="553" VALIGN="top" height="15"></td>
  </tr>
  <tr>
    <td WIDTH="59" VALIGN="top" height="15"><font size="2" face="Arial">(b) </font></td>
    <td WIDTH="553" VALIGN="top" height="15"><p ALIGN="JUSTIFY"><font size="2" face="Arial">appoint
    the President and CEO of the Company. The first President and CEO and CFO of the Company
    shall be Mr. LOI Cheng Pheng.</font></td>
  </tr>
  <tr>
    <td WIDTH="59" VALIGN="top" height="15"></td>
    <td WIDTH="553" VALIGN="top" height="15"></td>
  </tr>
  <tr>
    <td WIDTH="59" VALIGN="top" height="15"><font size="2" face="Arial">4.2 </font></td>
    <td WIDTH="553" VALIGN="top" height="15"><p ALIGN="JUSTIFY"><font size="2" face="Arial"><u><b>Composition
    of the Board</b></u></font></td>
  </tr>
  <tr>
    <td WIDTH="59" VALIGN="top" height="15"></td>
    <td WIDTH="553" VALIGN="top" height="15"></td>
  </tr>
  <tr>
    <td WIDTH="59" VALIGN="top" height="15"><font size="2" face="Arial">(a)</font></td>
    <td WIDTH="553" VALIGN="top" height="15"><p ALIGN="JUSTIFY"><font size="2" face="Arial">The
    maximum number of Directors shall be 2. GWIL shall have the right to appoint and remove up
    to 1 Director and Mr. Gallyot shall have the right to appoint and remove up to 1
    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="15"></td>
    <td WIDTH="553" VALIGN="top" height="15"></td>
  </tr>
  <tr>
    <td WIDTH="59" VALIGN="top" height="15"><font size="2" face="Arial">(b) </font></td>
    <td WIDTH="553" VALIGN="top" height="15"><p ALIGN="JUSTIFY"><font size="2" face="Arial">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="15"></td>
    <td WIDTH="553" VALIGN="top" height="15"></td>
  </tr>
  <tr>
    <td WIDTH="59" VALIGN="top" height="15"><font size="2" face="Arial">4.3</font></td>
    <td WIDTH="553" VALIGN="top" height="15"><p ALIGN="JUSTIFY"><font size="2" face="Arial"><u><b>Chairman.</b></u>
    The Director appointed by GWIL shall preside as chairman of meetings of the Board. </font></td>
  </tr>
  <tr>
    <td WIDTH="59" VALIGN="top" height="15"></td>
    <td WIDTH="553" VALIGN="top" height="15"></td>
  </tr>
  <tr>
    <td WIDTH="59" VALIGN="top" height="15"><font size="2" face="Arial">4.4</font></td>
    <td WIDTH="553" VALIGN="top" height="15"><p ALIGN="JUSTIFY"><font size="2" face="Arial"><u><b>Alternate.</b></u>
    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="15"></td>
    <td WIDTH="553" VALIGN="top" height="15"></td>
  </tr>
  <tr>
    <td WIDTH="59" VALIGN="top" height="15"><font size="2" face="Arial">4.5 </font></td>
    <td WIDTH="553" VALIGN="top" height="15"><font size="2" face="Arial"><u><b>Quorum</b></u></font></td>
  </tr>
  <tr>
    <td WIDTH="59" VALIGN="top" height="15"></td>
    <td WIDTH="553" VALIGN="top" height="15"></td>
  </tr>
  <tr>
    <td WIDTH="59" VALIGN="top" height="15"><font size="2" face="Arial">(a) </font></td>
    <td WIDTH="553" VALIGN="top" height="15"><p ALIGN="JUSTIFY"><font size="2" face="Arial">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 Mr. Gallyot (whether present in
    person or by proxy or representative).</font></td>
  </tr>
</table>
</center></div><b>

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

<table BORDER="0" CELLSPACING="0" CELLPADDING="1" WIDTH="616" height="1053">
  <tr>
    <td WIDTH="59" VALIGN="top" height="80"><font size="2" face="Arial">(b)</font></td>
    <td WIDTH="553" VALIGN="top" height="80"><p ALIGN="JUSTIFY"><font size="2" face="Arial">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="553" VALIGN="top" height="18"></td>
  </tr>
  <tr>
    <td WIDTH="59" VALIGN="top" height="18"><font size="2" face="Arial">4.6</font></td>
    <td WIDTH="553" VALIGN="top" height="18"><font size="2" face="Arial"><u><b>Meetings of the
    Board</b></u></font></td>
  </tr>
  <tr>
    <td WIDTH="59" VALIGN="top" height="18"></td>
    <td WIDTH="553" VALIGN="top" height="18"></td>
  </tr>
  <tr>
    <td WIDTH="59" VALIGN="top" height="54"><font size="2" face="Arial">(a)</font></td>
    <td WIDTH="553" VALIGN="top" height="54"><p ALIGN="JUSTIFY"><font size="2" face="Arial">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="553" VALIGN="top" height="18"></td>
  </tr>
  <tr>
    <td WIDTH="59" VALIGN="top" height="41"><font size="2" face="Arial">(b)</font></td>
    <td WIDTH="553" VALIGN="top" height="41"><p ALIGN="JUSTIFY"><font size="2" face="Arial">Subject
    to Applicable Law and Clause 4.10, resolutions 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 have a second or casting vote.</font></td>
  </tr>
  <tr>
    <td WIDTH="59" VALIGN="top" height="18"></td>
    <td WIDTH="553" VALIGN="top" height="18"></td>
  </tr>
  <tr>
    <td WIDTH="59" VALIGN="top" height="54"><font size="2" face="Arial">(c)</font></td>
    <td WIDTH="553" VALIGN="top" height="54"><p ALIGN="JUSTIFY"><font size="2" face="Arial">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="553" VALIGN="top" height="18"></td>
  </tr>
  <tr>
    <td WIDTH="59" VALIGN="top" height="28"><font size="2" face="Arial">(d)</font></td>
    <td WIDTH="553" VALIGN="top" height="28"><p ALIGN="JUSTIFY"><font size="2" face="Arial">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="553" VALIGN="top" height="18"></td>
  </tr>
  <tr>
    <td WIDTH="59" VALIGN="top" height="67"><font size="2" face="Arial">4.7</font></td>
    <td WIDTH="553" VALIGN="top" height="67"><p ALIGN="JUSTIFY"><font size="2" face="Arial"><u><b>Exercise
    of rights.</b></u> 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="553" VALIGN="top" height="18"></td>
  </tr>
  <tr>
    <td WIDTH="59" VALIGN="top" height="93"><font size="2" face="Arial">4.8 </font></td>
    <td WIDTH="553" VALIGN="top" height="93"><p ALIGN="JUSTIFY"><font size="2" face="Arial"><u><b>Committees
    of the Board.</b></u> 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 the Mr. Gallyot. 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="553" VALIGN="top" height="18"></td>
  </tr>
  <tr>
    <td WIDTH="59" VALIGN="top" height="28"><font size="2" face="Arial">4.9 </font></td>
    <td WIDTH="553" VALIGN="top" height="28"><p ALIGN="JUSTIFY"><font size="2" face="Arial"><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="553" VALIGN="top" height="18"></td>
  </tr>
  <tr>
    <td WIDTH="59" VALIGN="top" height="93"><font size="2" face="Arial">4.10 </font></td>
    <td WIDTH="553" VALIGN="top" height="93"><p ALIGN="JUSTIFY"><font size="2" face="Arial"><u><b>Matters
    requiring unanimous consent.</b></u> 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="553" VALIGN="top" height="18"></td>
  </tr>
  <tr>
    <td WIDTH="59" VALIGN="top" height="28"><font size="2" face="Arial">(a)</font></td>
    <td WIDTH="553" VALIGN="top" height="28"><p ALIGN="JUSTIFY"><font size="2" face="Arial">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="553" VALIGN="top" height="18"></td>
  </tr>
  <tr>
    <td WIDTH="59" VALIGN="top" height="67"><font size="2" face="Arial">(b)</font></td>
    <td WIDTH="553" VALIGN="top" height="67"><p ALIGN="JUSTIFY"><font size="2" face="Arial">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="553" VALIGN="top" height="18"></td>
  </tr>
  <tr>
    <td WIDTH="59" VALIGN="top" height="18"><font size="2" face="Arial">(c) </font></td>
    <td WIDTH="553" VALIGN="top" height="18"><p ALIGN="JUSTIFY"><font size="2" face="Arial">varying
    any rights, benefits or restrictions attaching to any Shares;</font></td>
  </tr>
  <tr>
    <td WIDTH="59" VALIGN="top" height="18"></td>
    <td WIDTH="553" VALIGN="top" height="18"></td>
  </tr>
  <tr>
    <td WIDTH="59" VALIGN="top" height="16"><font size="2" face="Arial">(d) </font></td>
    <td WIDTH="553" VALIGN="top" height="16"><p ALIGN="JUSTIFY"><font size="2" face="Arial">amending
    the Articles of Association or other constitutional documents of the Company;</font></td>
  </tr>
</table>
</center></div><b>

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

<table BORDER="0" CELLSPACING="0" CELLPADDING="1" WIDTH="616">
  <tr>
    <td WIDTH="59" VALIGN="top" height="15"><font size="2" face="Arial">(e) </font></td>
    <td WIDTH="553" VALIGN="top" height="15"><p ALIGN="JUSTIFY"><font size="2" face="Arial">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="15"></td>
    <td WIDTH="553" VALIGN="top" height="15"></td>
  </tr>
  <tr>
    <td WIDTH="59" VALIGN="top" height="15"><font size="2" face="Arial">(f) </font></td>
    <td WIDTH="553" VALIGN="top" height="15"><p ALIGN="JUSTIFY"><font size="2" face="Arial">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="15"></td>
    <td WIDTH="553" VALIGN="top" height="15"></td>
  </tr>
  <tr>
    <td WIDTH="59" VALIGN="top" height="15"><font size="2" face="Arial">(g) </font></td>
    <td WIDTH="553" VALIGN="top" height="15"><p ALIGN="JUSTIFY"><font size="2" face="Arial">carrying
    on any business other than the business activities described in Clause 2.1;</font></td>
  </tr>
  <tr>
    <td WIDTH="59" VALIGN="top" height="15"></td>
    <td WIDTH="553" VALIGN="top" height="15"></td>
  </tr>
  <tr>
    <td WIDTH="59" VALIGN="top" height="15"><font size="2" face="Arial">(i) </font></td>
    <td WIDTH="553" VALIGN="top" height="15"><p ALIGN="JUSTIFY"><font size="2" face="Arial">declaring
    or paying any dividend or other distribution in cash or specie;</font></td>
  </tr>
  <tr>
    <td WIDTH="59" VALIGN="top" height="15"></td>
    <td WIDTH="553" VALIGN="top" height="15"></td>
  </tr>
  <tr>
    <td WIDTH="59" VALIGN="top" height="15"><font size="2" face="Arial">(j) </font></td>
    <td WIDTH="553" VALIGN="top" height="15"><p ALIGN="JUSTIFY"><font size="2" face="Arial">entering
    into any partnership or profit sharing or joint venture arrangement;</font></td>
  </tr>
  <tr>
    <td WIDTH="59" VALIGN="top" height="15"></td>
    <td WIDTH="553" VALIGN="top" height="15"></td>
  </tr>
  <tr>
    <td WIDTH="59" VALIGN="top" height="15"><font size="2" face="Arial">(k) </font></td>
    <td WIDTH="553" VALIGN="top" height="15"><p ALIGN="JUSTIFY"><font size="2" face="Arial">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="15"></td>
    <td WIDTH="553" VALIGN="top" height="15"></td>
  </tr>
  <tr>
    <td WIDTH="59" VALIGN="top" height="15"><font size="2" face="Arial">(l) </font></td>
    <td WIDTH="553" VALIGN="top" height="15"><p ALIGN="JUSTIFY"><font size="2" face="Arial">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="15"></td>
    <td WIDTH="553" VALIGN="top" height="15"></td>
  </tr>
  <tr>
    <td WIDTH="59" VALIGN="top" height="15"><font size="2" face="Arial">4.11 </font></td>
    <td WIDTH="553" VALIGN="top" height="15"><p ALIGN="JUSTIFY"><font size="2" face="Arial"><u><b>Separate
    and independent undertaking.</b></u> 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="15"></td>
    <td WIDTH="553" VALIGN="top" height="15"></td>
  </tr>
  <tr>
    <td WIDTH="59" VALIGN="top" height="15"><font size="2" face="Arial">4.12</font></td>
    <td WIDTH="553" VALIGN="top" height="15"><p ALIGN="JUSTIFY"><font size="2" face="Arial"><u><b>Duty
    to the Company.</b></u> 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="15"></td>
    <td WIDTH="553" VALIGN="top" height="15"></td>
  </tr>
  <tr>
    <td WIDTH="59" VALIGN="top" height="15"><font size="2" face="Arial"><b>5. </b></font></td>
    <td WIDTH="553" VALIGN="top" height="15"><font size="2" face="Arial"><b><u>General
    Covenants</u></b></font></td>
  </tr>
  <tr>
    <td WIDTH="59" VALIGN="top" height="15"></td>
    <td WIDTH="553" VALIGN="top" height="15"></td>
  </tr>
  <tr>
    <td WIDTH="59" VALIGN="top" height="15"><font size="2" face="Arial">5.1 </font></td>
    <td WIDTH="553" VALIGN="top" height="15"><p ALIGN="JUSTIFY"><font size="2" face="Arial">The
    Company shall:</font></td>
  </tr>
  <tr>
    <td WIDTH="59" VALIGN="top" height="15"></td>
    <td WIDTH="553" VALIGN="top" height="15"></td>
  </tr>
  <tr>
    <td WIDTH="59" VALIGN="top" height="15"><font size="2" face="Arial">(i) </font></td>
    <td WIDTH="553" VALIGN="top" height="15"><p ALIGN="JUSTIFY"><font size="2" face="Arial">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="15"></td>
    <td WIDTH="553" VALIGN="top" height="15"></td>
  </tr>
  <tr>
    <td WIDTH="59" VALIGN="top" height="15"><font size="2" face="Arial">(ii) </font></td>
    <td WIDTH="553" VALIGN="top" height="15"><p ALIGN="JUSTIFY"><font size="2" face="Arial">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="15"></td>
    <td WIDTH="553" VALIGN="top" height="15"></td>
  </tr>
  <tr>
    <td WIDTH="59" VALIGN="top" height="15"><font size="2" face="Arial">(iii) </font></td>
    <td WIDTH="553" VALIGN="top" height="15"><p ALIGN="JUSTIFY"><font size="2" face="Arial">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="15"></td>
    <td WIDTH="553" VALIGN="top" height="15"></td>
  </tr>
  <tr>
    <td WIDTH="59" VALIGN="top" height="15"><font size="2" face="Arial">5.2 </font></td>
    <td WIDTH="553" VALIGN="top" height="15"><p ALIGN="JUSTIFY"><font size="2" face="Arial">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="15"></td>
    <td WIDTH="553" VALIGN="top" height="15"></td>
  </tr>
  <tr>
    <td WIDTH="59" VALIGN="top" height="15"><font size="2" face="Arial">5.3</font></td>
    <td WIDTH="553" VALIGN="top" height="15"><p ALIGN="JUSTIFY"><font size="2" face="Arial">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="15"></td>
    <td WIDTH="553" VALIGN="top" height="15"></td>
  </tr>
  <tr>
    <td WIDTH="59" VALIGN="top" height="15"><font size="2" face="Arial">5.4 </font></td>
    <td WIDTH="553" VALIGN="top" height="15"><p ALIGN="JUSTIFY"><font size="2" face="Arial">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>
</table>
</center></div><b>

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

<table BORDER="0" CELLSPACING="0" CELLPADDING="1" WIDTH="616">
  <tr>
    <td WIDTH="59" VALIGN="top" height="15"><font size="2" face="Arial"><b>6. </b></font></td>
    <td WIDTH="553" VALIGN="top" height="15"><font size="2" face="Arial"><u><b>Representations
    and Warranties</b></u></font></td>
  </tr>
  <tr>
    <td WIDTH="59" VALIGN="top" height="15"></td>
    <td WIDTH="553" VALIGN="top" height="15"></td>
  </tr>
  <tr>
    <td WIDTH="59" VALIGN="top" height="15"><font size="2" face="Arial">6.1</font></td>
    <td WIDTH="553" VALIGN="top" height="15"><p ALIGN="JUSTIFY"><font size="2" face="Arial">Each
    Shareholder represents and warrants to each other Shareholder that:</font></td>
  </tr>
  <tr>
    <td WIDTH="59" VALIGN="top" height="15"></td>
    <td WIDTH="553" VALIGN="top" height="15"></td>
  </tr>
  <tr>
    <td WIDTH="59" VALIGN="top" height="15"><font size="2" face="Arial">(i) </font></td>
    <td WIDTH="553" VALIGN="top" height="15"><p ALIGN="JUSTIFY"><font size="2" face="Arial">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="15"></td>
    <td WIDTH="553" VALIGN="top" height="15"></td>
  </tr>
  <tr>
    <td WIDTH="59" VALIGN="top" height="15"><font size="2" face="Arial">(ii)</font></td>
    <td WIDTH="553" VALIGN="top" height="15"><p ALIGN="JUSTIFY"><font size="2" face="Arial">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="15"></td>
    <td WIDTH="553" VALIGN="top" height="15"></td>
  </tr>
  <tr>
    <td WIDTH="59" VALIGN="top" height="15"><font size="2" face="Arial">(iii) </font></td>
    <td WIDTH="553" VALIGN="top" height="15"><p ALIGN="JUSTIFY"><font size="2" face="Arial">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="15"></td>
    <td WIDTH="553" VALIGN="top" height="15"></td>
  </tr>
  <tr>
    <td WIDTH="59" VALIGN="top" height="15"><font size="2" face="Arial">(iv)</font></td>
    <td WIDTH="553" VALIGN="top" height="15"><p ALIGN="JUSTIFY"><font size="2" face="Arial">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>
  <tr>
    <td WIDTH="59" VALIGN="top" height="15"></td>
    <td WIDTH="553" VALIGN="top" height="15"></td>
  </tr>
  <tr>
    <td WIDTH="59" VALIGN="top" height="15"><font size="2" face="Arial">7.</font></td>
    <td WIDTH="553" VALIGN="top" height="15"><font size="2" face="Arial"><u><b>Dissolution and
    Termination</b></u></font></td>
  </tr>
  <tr>
    <td WIDTH="59" VALIGN="top" height="15"></td>
    <td WIDTH="553" VALIGN="top" height="15"></td>
  </tr>
  <tr>
    <td WIDTH="59" VALIGN="top" height="15"><font size="2" face="Arial">7.1 </font></td>
    <td WIDTH="553" VALIGN="top" height="15"><p ALIGN="JUSTIFY"><font size="2" face="Arial"><u><b>Dissolution.</b></u>
    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="15"></td>
    <td WIDTH="553" VALIGN="top" height="15"></td>
  </tr>
  <tr>
    <td WIDTH="59" VALIGN="top" height="15"></td>
    <td WIDTH="553" VALIGN="top" height="15"><p ALIGN="JUSTIFY"><font size="2" face="Arial">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 7.1.</font></td>
  </tr>
  <tr>
    <td WIDTH="59" VALIGN="top" height="15"></td>
    <td WIDTH="553" VALIGN="top" height="15"></td>
  </tr>
  <tr>
    <td WIDTH="59" VALIGN="top" height="15"><font size="2" face="Arial">7.2 </font></td>
    <td WIDTH="553" VALIGN="top" height="15"><p ALIGN="JUSTIFY"><font size="2" face="Arial"><u><b>Termination.</b></u>
    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="15"></td>
    <td WIDTH="553" VALIGN="top" height="15"></td>
  </tr>
  <tr>
    <td WIDTH="59" VALIGN="top" height="15"><font size="2" face="Arial">(i) </font></td>
    <td WIDTH="553" VALIGN="top" height="15"><p ALIGN="JUSTIFY"><font size="2" face="Arial">the
    Company is dissolved pursuant to Clause 7.1 or otherwise; or</font></td>
  </tr>
  <tr>
    <td WIDTH="59" VALIGN="top" height="15"></td>
    <td WIDTH="553" VALIGN="top" height="15"></td>
  </tr>
  <tr>
    <td WIDTH="59" VALIGN="top" height="15"><font size="2" face="Arial">(ii) </font></td>
    <td WIDTH="553" VALIGN="top" height="15"><p ALIGN="JUSTIFY"><font size="2" face="Arial">the
    Company is listed or quoted on a recognized exchange; or</font></td>
  </tr>
  <tr>
    <td WIDTH="59" VALIGN="top" height="15"></td>
    <td WIDTH="553" VALIGN="top" height="15"></td>
  </tr>
  <tr>
    <td WIDTH="59" VALIGN="top" height="15"><font size="2" face="Arial">(iii) </font></td>
    <td WIDTH="553" VALIGN="top" height="15"><p ALIGN="JUSTIFY"><font size="2" face="Arial">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="15"></td>
    <td WIDTH="553" VALIGN="top" height="15"></td>
  </tr>
  <tr>
    <td WIDTH="59" VALIGN="top" height="15"><font size="2" face="Arial">(iv) </font></td>
    <td WIDTH="553" VALIGN="top" height="15"><p ALIGN="JUSTIFY"><font size="2" face="Arial">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="15"></td>
    <td WIDTH="553" VALIGN="top" height="15"></td>
  </tr>
  <tr>
    <td WIDTH="59" VALIGN="top" height="15"></td>
    <td WIDTH="553" VALIGN="top" height="15"><p ALIGN="JUSTIFY"><font size="2" face="Arial">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 8.1.)</font></td>
  </tr>
  <tr>
    <td WIDTH="59" VALIGN="top" height="15"></td>
    <td WIDTH="553" VALIGN="top" height="15"></td>
  </tr>
  <tr>
    <td WIDTH="59" VALIGN="top" height="15"><font size="2" face="Arial">8.</font></td>
    <td WIDTH="553" VALIGN="top" height="15"><font size="2" face="Arial"><b><u>Restrictions</u></b></font></td>
  </tr>
  <tr>
    <td WIDTH="59" VALIGN="top" height="15"></td>
    <td WIDTH="553" VALIGN="top" height="15"></td>
  </tr>
  <tr>
    <td WIDTH="59" VALIGN="top" height="15"><font size="2" face="Arial">8.1 </font></td>
    <td WIDTH="553" VALIGN="top" height="15"><p ALIGN="JUSTIFY"><font size="2" face="Arial"><u><b>Confidentiality.</b></u>
    Subject to Clause 7.2, 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
    &quot;<b>Confidential Information</b>&quot;) and not disclose to any party or make use of
    for any purpose any Confidential Information.</font></td>
  </tr>
</table>
</center></div><b>

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

<table BORDER="0" CELLSPACING="0" CELLPADDING="1" WIDTH="616">
  <tr>
    <td WIDTH="59" VALIGN="top" height="15"><font size="2" face="Arial">8.2</font></td>
    <td WIDTH="553" VALIGN="top" height="15"><p ALIGN="JUSTIFY"><font size="2" face="Arial"><u><b>Permitted
    disclosure.</b></u> Clause 7.1 shall not apply to the disclosure of any Confidential
    Information by either Shareholder:</font></td>
  </tr>
  <tr>
    <td WIDTH="59" VALIGN="top" height="15"></td>
    <td WIDTH="553" VALIGN="top" height="15"></td>
  </tr>
  <tr>
    <td WIDTH="59" VALIGN="top" height="15"><font size="2" face="Arial">(a) </font></td>
    <td WIDTH="553" VALIGN="top" height="15"><p ALIGN="JUSTIFY"><font size="2" face="Arial">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="15"></td>
    <td WIDTH="553" VALIGN="top" height="15"></td>
  </tr>
  <tr>
    <td WIDTH="59" VALIGN="top" height="15"><font size="2" face="Arial">(b)</font></td>
    <td WIDTH="553" VALIGN="top" height="15"><p ALIGN="JUSTIFY"><font size="2" face="Arial">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="15"></td>
    <td WIDTH="553" VALIGN="top" height="15"></td>
  </tr>
  <tr>
    <td WIDTH="59" VALIGN="top" height="15"><font size="2" face="Arial">(c)</font></td>
    <td WIDTH="553" VALIGN="top" height="15"><p ALIGN="JUSTIFY"><font size="2" face="Arial">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="15"></td>
    <td WIDTH="553" VALIGN="top" height="15"></td>
  </tr>
  <tr>
    <td WIDTH="59" VALIGN="top" height="15"><font size="2" face="Arial">(d) </font></td>
    <td WIDTH="553" VALIGN="top" height="15"><p ALIGN="JUSTIFY"><font size="2" face="Arial">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 7.1; or</font></td>
  </tr>
  <tr>
    <td WIDTH="59" VALIGN="top" height="15"></td>
    <td WIDTH="553" VALIGN="top" height="15"></td>
  </tr>
  <tr>
    <td WIDTH="59" VALIGN="top" height="15"><font size="2" face="Arial">(e)</font></td>
    <td WIDTH="553" VALIGN="top" height="15"><p ALIGN="JUSTIFY"><font size="2" face="Arial">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="15"></td>
    <td WIDTH="553" VALIGN="top" height="15"></td>
  </tr>
  <tr>
    <td WIDTH="59" VALIGN="top" height="15"><font size="2" face="Arial">8.3 </font></td>
    <td WIDTH="553" VALIGN="top" height="15"><p ALIGN="JUSTIFY"><font size="2" face="Arial"><u><b>Validity
    of restrictions.</b></u> While the restrictions contained in this Clause 8 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="15"></td>
    <td WIDTH="553" VALIGN="top" height="15"></td>
  </tr>
  <tr>
    <td WIDTH="59" VALIGN="top" height="15"><font size="2" face="Arial">9. </font></td>
    <td WIDTH="553" VALIGN="top" height="15"><font size="2" face="Arial"><u><b>Further
    Assurance</b></u></font></td>
  </tr>
  <tr>
    <td WIDTH="59" VALIGN="top" height="15"></td>
    <td WIDTH="553" VALIGN="top" height="15"></td>
  </tr>
  <tr>
    <td WIDTH="59" VALIGN="top" height="15"></td>
    <td WIDTH="553" VALIGN="top" height="15"><p ALIGN="JUSTIFY"><font size="2" face="Arial">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="15"></td>
    <td WIDTH="553" VALIGN="top" height="15"></td>
  </tr>
  <tr>
    <td WIDTH="59" VALIGN="top" height="15"><font size="2" face="Arial">10. </font></td>
    <td WIDTH="553" VALIGN="top" height="15"><font size="2" face="Arial"><u><b>Restrictions on
    Announcements</b></u></font></td>
  </tr>
  <tr>
    <td WIDTH="59" VALIGN="top" height="15"></td>
    <td WIDTH="553" VALIGN="top" height="15"></td>
  </tr>
  <tr>
    <td WIDTH="59" VALIGN="top" height="15"></td>
    <td WIDTH="553" VALIGN="top" height="15"><p ALIGN="JUSTIFY"><font size="2" face="Arial">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="15"></td>
    <td WIDTH="553" VALIGN="top" height="15"></td>
  </tr>
  <tr>
    <td WIDTH="59" VALIGN="top" height="15"><font size="2" face="Arial">11. </font></td>
    <td WIDTH="553" VALIGN="top" height="15"><font size="2" face="Arial"><u><b>No Partnership</b></u></font></td>
  </tr>
  <tr>
    <td WIDTH="59" VALIGN="top" height="15"></td>
    <td WIDTH="553" VALIGN="top" height="15"></td>
  </tr>
  <tr>
    <td WIDTH="59" VALIGN="top" height="15"></td>
    <td WIDTH="553" VALIGN="top" height="15"><p ALIGN="JUSTIFY"><font size="2" face="Arial">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>
</table>
</center></div><b>

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

<table BORDER="0" CELLSPACING="0" CELLPADDING="1" WIDTH="616">
  <tr>
    <td WIDTH="59" VALIGN="top" height="15"><font size="2" face="Arial">12. </font></td>
    <td WIDTH="553" VALIGN="top" height="15"><font size="2" face="Arial"><u><b>Conflict with
    Articles of Association</b></u></font></td>
  </tr>
  <tr>
    <td WIDTH="59" VALIGN="top" height="15"></td>
    <td WIDTH="553" VALIGN="top" height="15"></td>
  </tr>
  <tr>
    <td WIDTH="59" VALIGN="top" height="15"></td>
    <td WIDTH="553" VALIGN="top" height="15"><p ALIGN="JUSTIFY"><font size="2" face="Arial">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="15"></td>
    <td WIDTH="553" VALIGN="top" height="15"></td>
  </tr>
  <tr>
    <td WIDTH="59" VALIGN="top" height="15"><font size="2" face="Arial">13. </font></td>
    <td WIDTH="553" VALIGN="top" height="15"><font size="2" face="Arial"><u><b>Costs</b></u></font></td>
  </tr>
  <tr>
    <td WIDTH="59" VALIGN="top" height="15"></td>
    <td WIDTH="553" VALIGN="top" height="15"></td>
  </tr>
  <tr>
    <td WIDTH="59" VALIGN="top" height="15"></td>
    <td WIDTH="553" VALIGN="top" height="15"><p ALIGN="JUSTIFY"><font size="2" face="Arial">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>
  <tr>
    <td WIDTH="59" VALIGN="top" height="15"></td>
    <td WIDTH="553" VALIGN="top" height="15"></td>
  </tr>
  <tr>
    <td WIDTH="59" VALIGN="top" height="15"><font size="2" face="Arial">14. </font></td>
    <td WIDTH="553" VALIGN="top" height="15"><font size="2" face="Arial"><u><b>Acknowledgement
    by Company</b></u></font></td>
  </tr>
  <tr>
    <td WIDTH="59" VALIGN="top" height="15"></td>
    <td WIDTH="553" VALIGN="top" height="15"></td>
  </tr>
  <tr>
    <td WIDTH="59" VALIGN="top" height="15"></td>
    <td WIDTH="553" VALIGN="top" height="15"><p ALIGN="JUSTIFY"><font size="2" face="Arial">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="15"></td>
    <td WIDTH="553" VALIGN="top" height="15"></td>
  </tr>
  <tr>
    <td WIDTH="59" VALIGN="top" height="15"><font size="2" face="Arial">15.</font></td>
    <td WIDTH="553" VALIGN="top" height="15"><font size="2" face="Arial"><u><b>General</b></u></font></td>
  </tr>
  <tr>
    <td WIDTH="59" VALIGN="top" height="15"></td>
    <td WIDTH="553" VALIGN="top" height="15"></td>
  </tr>
  <tr>
    <td WIDTH="59" VALIGN="top" height="15"><font size="2" face="Arial">15.1</font></td>
    <td WIDTH="553" VALIGN="top" height="15"><p ALIGN="JUSTIFY"><font size="2" face="Arial"><u><b>Entire
    Agreement.</b></u> 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="15"></td>
    <td WIDTH="553" VALIGN="top" height="15"></td>
  </tr>
  <tr>
    <td WIDTH="59" VALIGN="top" height="15"><font size="2" face="Arial">15.2</font></td>
    <td WIDTH="553" VALIGN="top" height="15"><p ALIGN="JUSTIFY"><font size="2" face="Arial"><u><b>Amendment.</b></u>
    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="15"></td>
    <td WIDTH="553" VALIGN="top" height="15"></td>
  </tr>
  <tr>
    <td WIDTH="59" VALIGN="top" height="15"><font size="2" face="Arial">15.3 </font></td>
    <td WIDTH="553" VALIGN="top" height="15"><p ALIGN="JUSTIFY"><font size="2" face="Arial"><u><b>No
    Waiver.</b></u> 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="15"></td>
    <td WIDTH="553" VALIGN="top" height="15"></td>
  </tr>
  <tr>
    <td WIDTH="59" VALIGN="top" height="15"><font size="2" face="Arial">15.4 </font></td>
    <td WIDTH="553" VALIGN="top" height="15"><p ALIGN="JUSTIFY"><font size="2" face="Arial"><u><b>Assignment.</b></u>
    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="15"></td>
    <td WIDTH="553" VALIGN="top" height="15"></td>
  </tr>
  <tr>
    <td WIDTH="59" VALIGN="top" height="15"><font size="2" face="Arial">15.5 </font></td>
    <td WIDTH="553" VALIGN="top" height="15"><p ALIGN="JUSTIFY"><font size="2" face="Arial"><u><b>Severability.</b></u>
    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="15"></td>
    <td WIDTH="553" VALIGN="top" height="15"></td>
  </tr>
  <tr>
    <td WIDTH="59" VALIGN="top" height="15"><font size="2" face="Arial">15.6 </font></td>
    <td WIDTH="553" VALIGN="top" height="15"><p ALIGN="JUSTIFY"><font size="2" face="Arial"><u><b>Counterparts.</b></u>
    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>
</table>
</center></div><b>

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

<table BORDER="0" CELLSPACING="0" CELLPADDING="1" WIDTH="616">
  <tr>
    <td WIDTH="59" VALIGN="top" height="15"><font size="2" face="Arial">16.</font></td>
    <td WIDTH="553" VALIGN="top" height="15"><font size="2" face="Arial"><u><b>Notices</b></u></font></td>
  </tr>
  <tr>
    <td WIDTH="59" VALIGN="top" height="15"></td>
    <td WIDTH="553" VALIGN="top" height="15"></td>
  </tr>
  <tr>
    <td WIDTH="59" VALIGN="top" height="15"><font size="2" face="Arial">16.1 </font></td>
    <td WIDTH="553" VALIGN="top" height="15"><p ALIGN="JUSTIFY"><font size="2" face="Arial"><u><b>Delivery
    Address/Fax Number.</b></u> 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="15"></td>
    <td WIDTH="553" VALIGN="top" height="15"></td>
  </tr>
  <tr>
    <td WIDTH="59" VALIGN="top" height="15"></td>
    <td WIDTH="553" VALIGN="top" height="15"><font size="2" face="Arial"><u>GWIL and the
    Company</u></font></td>
  </tr>
  <tr>
    <td WIDTH="59" VALIGN="top" height="15"></td>
    <td WIDTH="553" VALIGN="top" height="15"><font size="2" face="Arial">Name : Ren Ren Media
    Group Limited</font></td>
  </tr>
  <tr>
    <td WIDTH="59" VALIGN="top" height="15"></td>
    <td WIDTH="553" VALIGN="top" height="15"><font size="2" face="Arial">Address : 1403 Wan
    Chai Commercial Center, 194-204 Johnston Road, Wanchai, HK</font></td>
  </tr>
  <tr>
    <td WIDTH="59" VALIGN="top" height="15"></td>
    <td WIDTH="553" VALIGN="top" height="15"></td>
  </tr>
  <tr>
    <td WIDTH="59" VALIGN="top" height="15"></td>
    <td WIDTH="553" VALIGN="top" height="15"><font size="2" face="Arial">Attention : President
    &amp; CEO</font></td>
  </tr>
  <tr>
    <td WIDTH="59" VALIGN="top" height="15"></td>
    <td WIDTH="553" VALIGN="top" height="15"><font size="2" face="Arial">Facsimile Number:
    +852 3171 1206</font></td>
  </tr>
  <tr>
    <td WIDTH="59" VALIGN="top" height="15"></td>
    <td WIDTH="553" VALIGN="top" height="15"></td>
  </tr>
  <tr>
    <td WIDTH="59" VALIGN="top" height="15"></td>
    <td WIDTH="553" VALIGN="top" height="15"><font size="2" face="Arial"><u>Mr. Gallyots</u></font></td>
  </tr>
  <tr>
    <td WIDTH="59" VALIGN="top" height="15"></td>
    <td WIDTH="553" VALIGN="top" height="15"><font size="2" face="Arial">Address : Kuala
    Lumpur, Malaysia</font></td>
  </tr>
  <tr>
    <td WIDTH="59" VALIGN="top" height="15"></td>
    <td WIDTH="553" VALIGN="top" height="15"></td>
  </tr>
  <tr>
    <td WIDTH="59" VALIGN="top" height="15"></td>
    <td WIDTH="553" VALIGN="top" height="15"><font size="2" face="Arial">Attention : President
    and CEO</font></td>
  </tr>
  <tr>
    <td WIDTH="59" VALIGN="top" height="15"></td>
    <td WIDTH="553" VALIGN="top" height="15"><font size="2" face="Arial">Facsimile Number:
    +603 2287 5855</font></td>
  </tr>
  <tr>
    <td WIDTH="59" VALIGN="top" height="15"></td>
    <td WIDTH="553" VALIGN="top" height="15"></td>
  </tr>
  <tr>
    <td WIDTH="59" VALIGN="top" height="15"><font size="2" face="Arial">16.2 </font></td>
    <td WIDTH="553" VALIGN="top" height="15"><p ALIGN="JUSTIFY"><font size="2" face="Arial"><u><b>Manner
    of Delivery.</b></u> 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 16.1 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="15"></td>
    <td WIDTH="553" VALIGN="top" height="15"></td>
  </tr>
  <tr>
    <td WIDTH="59" VALIGN="top" height="15"><font size="2" face="Arial">16.3</font></td>
    <td WIDTH="553" VALIGN="top" height="15"><p ALIGN="JUSTIFY"><font size="2" face="Arial"><u><b>Deemed
    Delivery.</b></u> 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="15"></td>
    <td WIDTH="553" VALIGN="top" height="15"></td>
  </tr>
  <tr>
    <td WIDTH="59" VALIGN="top" height="15"><font size="2" face="Arial">17.</font></td>
    <td WIDTH="553" VALIGN="top" height="15"><p ALIGN="JUSTIFY"><font size="2" face="Arial"><u><b>Governing
    Law and Submission to Jurisdiction</b></u></font></td>
  </tr>
  <tr>
    <td WIDTH="59" VALIGN="top" height="15"></td>
    <td WIDTH="553" VALIGN="top" height="15"></td>
  </tr>
  <tr>
    <td WIDTH="59" VALIGN="top" height="15"></td>
    <td WIDTH="553" VALIGN="top" height="15"><p ALIGN="JUSTIFY"><font size="2" face="Arial"><u><b>Governing
    law and jurisdiction.</b></u> This Agreement shall be governed by and construed in
    accordance with the laws of Malaysia and the Parties irrevocably submit to the
    non-exclusive jurisdiction of the courts of Malaysia for the purpose of enforcing any
    claim arising hereunder.</font></td>
  </tr>
  <tr>
    <td WIDTH="59" VALIGN="top" height="15"></td>
    <td WIDTH="553" VALIGN="top" height="15"></td>
  </tr>
  <tr>
    <td WIDTH="59" VALIGN="top" height="15"><font size="2" face="Arial">17.1 </font></td>
    <td WIDTH="553" VALIGN="top" height="15"><p ALIGN="JUSTIFY"><font size="2" face="Arial"><u><b>GWIL's
    process agent.</b></u> GWIL hereby irrevocably appoints LOI Cheng Pheng of One Tech Park,
    Suite 7.05, 7<sup>th</sup> Floor, Bandar Utama Technology Park, No. 7 Tanjong Bandar
    Utama, 47800, Petaling Jaya Sleangor, Malaysia 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>
</table>
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    <td VALIGN="top" height="10"><b><p ALIGN="JUSTIFY"><font size="2" face="Arial">IN WITNESS
    WHEREOF</b> the Parties have signed this document on the date appearing at the head
    hereof.</font></td>
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    <td VALIGN="top" height="10"></td>
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    <td VALIGN="top" height="10"></td>
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    <td VALIGN="top" height="10"><p ALIGN="JUSTIFY"><font size="2" face="Arial">Signed by</font></td>
  </tr>
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    <td VALIGN="top" height="10"></td>
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    <td VALIGN="top" height="10"><p ALIGN="JUSTIFY"><font size="2" face="Arial">for and on
    behalf of </font></td>
  </tr>
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    <td VALIGN="top" height="10"><b><p ALIGN="JUSTIFY"><font size="2" face="Arial">Good World
    Investments Limited</b> </font></td>
  </tr>
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    <td VALIGN="top" height="10"><p ALIGN="JUSTIFY"><font size="2" face="Arial">in the
    presence of: </font></td>
  </tr>
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    <td VALIGN="top" height="10"></td>
  </tr>
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    <td VALIGN="top" height="10"></td>
  </tr>
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    <td VALIGN="top" height="10"><p ALIGN="JUSTIFY"><font size="2" face="Arial">Signed by </font></td>
  </tr>
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    <td VALIGN="top" height="10"><b><p ALIGN="JUSTIFY"><font size="2" face="Arial">Allan
    Gallyot</b> </font></td>
  </tr>
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    <td VALIGN="top" height="10"></td>
  </tr>
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    <td VALIGN="top" height="10"><p ALIGN="JUSTIFY"><font size="2" face="Arial">in the
    presence of: </font></td>
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    <td VALIGN="top" height="10"></td>
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    <td VALIGN="top" height="10"></td>
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    <td VALIGN="top" height="10"><p ALIGN="JUSTIFY"><font size="2" face="Arial">Signed by </font></td>
  </tr>
  <tr>
    <td VALIGN="top" height="10"></td>
  </tr>
  <tr>
    <td VALIGN="top" height="10"><p ALIGN="JUSTIFY"><font size="2" face="Arial">for and on
    behalf of </font></td>
  </tr>
  <tr>
    <td VALIGN="top" height="10"><b><p ALIGN="JUSTIFY"><font size="2" face="Arial">Premium
    Multimedia Sdn. Bhd.</b> </font></td>
  </tr>
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    <td VALIGN="top" height="10"><p ALIGN="JUSTIFY"><font size="2" face="Arial">in the
    presence of: </font></td>
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    <td VALIGN="top" height="10"></td>
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[{"type": "8-K", "sequence": "1", "filename": "r8k-093009cmg.htm", "description": "SHAREHOLDERS' AGREEMENT - PM", "secsgml_size_bytes": 93490}]
{"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": "091094295"}, "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): September 25, 2009
CHINA MEDIA GROUP CORPORATION
(Exact Name of Registrant as Specified in Charter)
Texas
5813
75-3016844
(State or
    other jurisdiction
(Commission
(IRS
    Employer
of
    incorporation)
File Number)
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 CFR 240.13e-4(c))
Item
    1.01
Entry
    into a Material Definitive Agreement
On September 24, 2009, Good World Investments
    Limited ("GWIL"), a wholly owned subsidiary of China Media Group Corporation
    ("CMG"), subscribed for 51% in the shares of Premium Multimedia Sdn. Bhd.
    ("PM" or the "Company") for a total subscription price of RM5,100. PM
    is a company incorporated in Malaysia and is intended to be engaged in the business of
    outdoor media and advertising. At the date of the subscription, the Company has received
    the right to 19 outdoor billboards in Kuala Lumpur of which 9 has been built, but has not
    commenced sale of these advertising boards.
On September 25, 2009 GWIL, Mr. Allan Gallyot
    ("Mr. Gallyot") the 49% shareholder and founder of PM and the Company, entered
    into a Shareholders' Agreement ("Agreement") to regulate the affairs of the
    Company. According to the Agreement, GWIL and Premium, inter alia, shall work together in
    pursuing the outdoor media business in Asia. GWIL will in its best efforts from the
    capital markets contribute up to a maximum of RM500,000 over a one year period as a loan
    to the Company in accordance to the Business Plan of the Company. GWIL will endeavour to
    provide up to RM100,000 loan to the Company before November 30, 2009. Mr. Gallyot will in
    his best efforts provide resources to the Company to roll out the business according to
    the Business Plan. Furthermore, each shareholder has the right to appoint one director on
    to the board of PM, however in the event of equality of votes, the Chairman who is
    appointed by GWIL, will have the second and casting vote.
A copy of the Agreement is attached hereto.
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: September 30, 2009
CHINA MEDIA GROUP CORPORATION
By:
/s/ Con Unerkov
---------------------------------
Name: Con Unerkov
Title: Non-Executive Chairman
Exhibit
    10.1
DATED 25
th
SEPTEMBER 2009
(1) GOOD
    WORLD INVESTMENTS LIMITED
(2) ALLAN
    GALLYOT
AND
(3) PREMIUM
    MUTLIMEDIA SDN. BHD.
______________________________________________
SHAREHOLDERS'
    AGREEMENT
______________________________________________
THIS
    AGREEMENT
is made on the 25
th
day of September 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" or "GWIL");
(2)
Allan
    Gallyot.
, Malaysia passport number ( ) a Malaysia citizen whose residential address is
    at
No.36 Lorong Maarof, Bangsar Park, 59100, Kuala Lumpur, Malaysia
("
Mr.
    Gallyot
"); and
(3)
Premium
    Multimedia Sdn. Bhd.
, (Company Number 485459-D) a company incorporated in
Malaysia
whose
    registered office is at
No.36 Lorong Maarof, Bangsar Park, 59100, Kuala Lumpur,
    Malaysia
("
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
    businesses of media, advertising and marketing mobile devices.
(B) Mr.
    Gallyot is the founder of the Company and has been in the business of outdoor media for
    over 10 years. The Company is a private limited company incorporated in Malaysia and is in
    the business of outdoor advertising business in Malaysia.
(C) GWIL and
    the Company wishes to work together to sell outdoor media in Asia. GWIL has the ability
    and the business contacts to support and expand the operations of the Company. The parties
    recognize the strength and resources available to each party and the Company has invited
    GWIL to subscribe for new shares in the Company to enable GWIL to hold 51% in the shares
    in the Company. On and about September 24, 2009 GWIL subscribed 51 shares in the Company.
(D) As at the
    date hereof, the Company has an authorised share capital of RM100,000 divided into 100,000
    Shares of RM1.00 each of which 100 Shares have been issued and are fully paid-up. GWIL
    owns 51 Shares and Mr. Gallyot owns 49 shares of the Company.
(E) This is
    the 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;
"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;
"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;
"Share"
means
    share of RM1.00 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 Mr. Gollyot 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;
"RM"
means
    Malaysian Ringlet; and
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.
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 "Mr. Gallyot" 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 remains at all times, a single
    purpose vehicle for the purpose of pursuing its media and advertising business in outdoor
    media 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 RM500,000 over a one year period as a loan to the Company in accordance to
    the Business Plan of the Company. GWIL will endeavour to provide up to RM100,000 loan to
    the company before November 30, 2009.
3.2
Contributions
    from Mr. Gallyot.
Mr. Gallyot will in his best efforts provide resources to the
    Company to roll out the business according to the Business Plan of the Company.
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 4.10, 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 and CFO of the Company
    shall be Mr. LOI Cheng Pheng.
4.2
Composition
    of the Board
(a)
The
    maximum number of Directors shall be 2. GWIL shall have the right to appoint and remove up
    to 1 Director and Mr. Gallyot shall have the right to appoint and remove up to 1
    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.
The Director appointed by GWIL 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
(a)
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 Mr. Gallyot (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, resolutions 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 have a second or casting vote.
(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 the Mr. Gallyot. 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;
(j)
entering
    into any partnership or profit sharing or joint venture arrangement;
(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.
General
    Covenants
5.1
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.
5.2
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.
5.3
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.
5.4
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.
6.
Representations
    and Warranties
6.1
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.
7.
Dissolution and
    Termination
7.1
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 7.1.
7.2
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 7.1 or otherwise; or
(ii)
the
    Company is listed or quoted on a recognized exchange; or
(iii)
one
    Shareholder becomes the beneficial owner of all the Shares in issue and outstanding for
    the time being; or
(iv)
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 8.1.)
8.
Restrictions
8.1
Confidentiality.
Subject to Clause 7.2, 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.
8.2
Permitted
    disclosure.
Clause 7.1 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 7.1; or
(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.
8.3
Validity
    of restrictions.
While the restrictions contained in this Clause 8 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.
9.
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.
10.
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).
11.
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.
12.
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.
13.
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.
14.
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.
15.
General
15.1
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.
15.2
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.
15.3
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.
15.4
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.
15.5
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.
15.6
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.
16.
Notices
16.1
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
Mr. Gallyots
Address : Kuala
    Lumpur, Malaysia
Attention : President
    and CEO
Facsimile Number:
    +603 2287 5855
16.2
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 16.1 or such other address or facsimile
    number as may from time to time be notified for this purpose.
16.3
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.
17.
Governing
    Law and Submission to Jurisdiction
Governing
    law and jurisdiction.
This Agreement shall be governed by and construed in
    accordance with the laws of Malaysia and the Parties irrevocably submit to the
    non-exclusive jurisdiction of the courts of Malaysia for the purpose of enforcing any
    claim arising hereunder.
17.1
GWIL's
    process agent.
GWIL hereby irrevocably appoints LOI Cheng Pheng of One Tech Park,
    Suite 7.05, 7
th
Floor, Bandar Utama Technology Park, No. 7 Tanjong Bandar
    Utama, 47800, Petaling Jaya Sleangor, Malaysia 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.
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
Allan
    Gallyot
in the
    presence of:
Signed by
for and on
    behalf of
Premium
    Multimedia Sdn. Bhd.
in the
    presence of: