Attached files
file | filename |
---|---|
EX-10 - EXHIBIT 10.1 - S&P AGREEMENT - Median Group Inc | ext101-092210cmg.htm |
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
__________________
FORM 8-K
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d) of the
SECURITIES EXCHANGE ACT OF 1934
__________________
Date of Report (Date of earliest event reported): September 20, 2010
CHINA MEDIA GROUP CORPORATION
(Exact Name of Registrant as Specified in Charter)
|
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) |
|
|
|
|
|
In accordance with the SP Agreement, Tidewell is also entitled to receive an additional 10,000,000 shares in CMG when Jademan's subsidiary, China Integrated Media Corporation Limited ("CIMC"), a public company incorporated in Australia, is successfully being approved for quotation on the Australian Stock Exchange or any other internationally recognized exchange within 9 months from the date of completion of the SP Agreement ("Completion Date"). In addition, Tidewell is entitled to performance shares calculated at 4 times the Jademan's consolidated annualised earnings before income tax for the first two years from the Completion Date less US$250,000 at a share issue price discounted at 18% of the then 15 days average closing price of CMG shares quoted. Jademan's primary asset is its 69% interests in CIMC, which is in the business of digital signage media and provisioning of contents and content management for Internet Protocol Television (IPTV) in China. Tidewell is owned as to 49% by Mr. Con Unerkov, Chairman of CMG. The SP Agreement is attached hereto in Exhibit 10.1. |
|
|
|
|
|
|
|
|
|
|
|
Exhibit |
Description |
Location |
Exhibit 10.1 |
Sale and Purchase 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. |
|
|