April 1, 2015 Uses in Monetary Compensation Clause

Monetary Compensation from Cancellation Note

Ryder Capital Corp. (Contractor) hereby agrees to forgive absolutely and in its entirety the debt in the amount of $360,000.00 as referenced in the agreement signed between Baoshinn Corporation (Company) and Ryder Capital Corp. dated April 1, 2015 (enclosed as Appendix A - Debt Cancellation for Consulting Contracts and Promissory Notes Agreement) and concurrently the corresponding cancellation and immediate expiration of the Contractor Agreement (enclosed as Appendix B Contractor Agreement) in its entirety and duration, leaving no outstanding balance owing between the Contractor and the Company.

Monetary Compensation. As compensation for services encompassed by this Agreement, Company shall pay $360,000.00 USD for the first of the two (2) years on April 1, 2015 and on the anniversary date of the contract to Contractor, unless otherwise terminated after year one.

Monetary Compensation from Cancellation Note

Ryder Capital Corp. (Contractor) hereby agrees to forgive absolutely and in its entirety the debt in the amount of $450,000.00 as referenced in the agreement signed between Baoshinn Corporation (Company) and Ryder Capital Corp. dated April 1, 2015 (enclosed as Appendix A - Debt Cancellation for Consulting Contracts and Promissory Notes Agreement) and concurrently the corresponding cancellation and immediate expiration of the Contractor Agreement (enclosed as Appendix B Contractor Agreement) in its entirety and duration, leaving no outstanding balance owing between the Contractor and the Company.

Monetary Compensation. As compensation for services encompassed by this Agreement, Company shall pay $450,000.00 USD for the first of the two (2) years on April 1, 2015 and on the anniversary date of the contract to Contractor, unless otherwise terminated after year one.

Monetary Compensation from Cancellation Note

Ryder Capital Corp. (Contractor) hereby agrees to forgive absolutely and in its entirety the debt in the amount of $550,000.00 as referenced in the agreement signed between Baoshinn Corporation (Company) and Ryder Capital Corp. dated April 1, 2015 (enclosed as Appendix A - Debt Cancellation for Consulting Contracts and Promissory Notes Agreement) and concurrently the corresponding cancellation and immediate expiration of the Contractor Agreement (enclosed as Appendix B Contractor Agreement) in its entirety and duration, leaving no outstanding balance owing between the Contractor and the Company.

Monetary Compensation. As compensation for services encompassed by this Agreement, Company shall pay $550,000.00 USD for the first of the two (2) years on April 1, 2015 and on the anniversary date of the contract to Contractor, unless otherwise terminated after year one.