China New Media Corp. Warrant (March 10th, 2011)
CHINA NEW MEDIA CORP., a Delaware corporation (the "Company"), hereby certifies that, for value received, Stephen Monticelli (the "Holder"), is entitled to purchase from the Company up to a total of 50,000 shares of common stock, par value $0.001 per share (the "Common Stock"), of the Company (each such share, a "Warrant Share" and all such shares, the "Warrant Shares") at an exercise price equal to $1.80 per share (the "Exercise Price"), during the Exercise Period (as defined below) and subject to the terms and conditions set forth herein. This Warrant (this "Warrant") is issued pursuant to a director appointment letter, dated as of March 7, 2011, by and between the Company and the Holder (the "Appointment Letter").
Appointment as a Non-Executive Director of China New Media Corp. (March 10th, 2011)
This letter confirms your appointment on March 7, 2011 (the "Effective Date") as a Non-Executive Director of China New Media Corp., a Delaware corporation (the "Company"), and as the Chair of the Audit Committee of the Company's Board of Directors (the "Board") (collectively, the "Appointment") and outlines the terms of the Appointment.