Kerry Propper China Media Investment Co., Inc. [address]Shine Media Acquisition Corp. • November 29th, 2006 • Blank checks
This letter will confirm the agreement of Kerry Propper China Media Investment Co., Inc. (collectively, the “Stockholder”), on the one hand, and Merriman Curhan Ford & Co. (the “Representative”), on the other hand, with respect to the purchase of certain warrants to purchase common stock (the “Warrants”) of Shine Media Acquisition Corp. (the “Company”) included in the units (“Units”) being sold in the Company’s initial public offering (“IPO”) upon the terms and conditions set forth herein. Each Unit is comprised of one share of common stock, par value $0.0001 per share, of the Company (the “Common Stock”) and one Warrant to purchase one share of Common Stock. The Common Stock and Warrants will not be separately tradable until the earlier to occur of (i) the expiration of the underwriters’ over-allotment option; or (ii) 20 trading days after the exercise in full by the underwriters of such option.
