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<SEC-DOCUMENT>0000950123-09-047309.txt : 20090930
<SEC-HEADER>0000950123-09-047309.hdr.sgml : 20090930
<ACCEPTANCE-DATETIME>20090930144619
ACCESSION NUMBER:		0000950123-09-047309
CONFORMED SUBMISSION TYPE:	S-4/A
PUBLIC DOCUMENT COUNT:		26
FILED AS OF DATE:		20090930
DATE AS OF CHANGE:		20090930

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			ID ARIZONA CORP.
		CENTRAL INDEX KEY:			0001460329
		STANDARD INDUSTRIAL CLASSIFICATION:	SERVICES-ADVERTISING [7310]
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			AZ
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		S-4/A
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	333-158336
		FILM NUMBER:		091095318

	BUSINESS ADDRESS:	
		STREET 1:		1990 S. BUNDY BLVD.
		CITY:			LOS ANGELES
		STATE:			CA
		ZIP:			90025
		BUSINESS PHONE:		310-694-8150

	MAIL ADDRESS:	
		STREET 1:		1990 S. BUNDY BLVD.
		CITY:			LOS ANGELES
		STATE:			CA
		ZIP:			90025
</SEC-HEADER>
<DOCUMENT>
<TYPE>S-4/A
<SEQUENCE>1
<FILENAME>g18264a4sv4za.htm
<DESCRIPTION>S-4/A
<TEXT>
<HTML>
<HEAD>
<TITLE>sv4za</TITLE>
</HEAD>
<BODY bgcolor="#FFFFFF">
<!-- PAGEBREAK -->
<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>

<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->

<DIV align="left"><FONT size="1">

</FONT></DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <B><FONT style="font-size: 8pt"> As filed with the Securities
    and Exchange Commission on September&#160;30, 2009</FONT></B>
</DIV>

<DIV align="left"><FONT size="1">

</FONT></DIV>

<DIV style="margin-top: 4pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="right" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <B><FONT style="font-size: 8pt">Registration Statement No.
    333-158336</FONT></B>
</DIV>

<CENTER style="font-size: 1pt; width: 100%; border-bottom: 2pt solid #000000"></CENTER><!-- callerid=999 iwidth=456 length=0 -->

<CENTER style="font-size: 1pt; width: 100%; border-bottom: 1pt solid #000000"></CENTER><!-- callerid=999 iwidth=456 length=0 -->

<DIV align="center" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <B><FONT style="font-size: 12pt">UNITED STATES SECURITIES AND
    EXCHANGE COMMISSION</FONT></B>
</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <B>WASHINGTON, D.C. 20549</B>
</DIV>

<DIV align="left"><FONT size="1">

</FONT></DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <B> Amendment No. 4 to</B>
</DIV>

<DIV align="left"><FONT size="1">

</FONT></DIV>

<DIV style="margin-top: 3pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <B><FONT style="font-size: 12pt"><FONT style="white-space: nowrap">Form&#160;S-4</FONT></FONT></B>
</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <B>REGISTRATION STATEMENT</B>
</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <B>UNDER THE SECURITIES ACT OF 1933</B>
</DIV>

<DIV style="margin-top: 3pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <B><FONT style="font-size: 16pt">ID Arizona Corp.</FONT></B>
</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <I><FONT style="font-size: 8pt">(Exact Name of Registrant as
    Specified in Its Charter)</FONT></I>
</DIV>

<DIV style="margin-top: 3pt; font-size: 1pt">&nbsp;</DIV>

<DIV style="margin-top: 2pt; font-size: 1pt">&nbsp;</DIV>

<TABLE border="0" width="100%" align="center" cellpadding="0" cellspacing="0" style="font-size: 9pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
<!-- Table Width Row BEGIN -->
<TR style="font-size: 1pt" valign="bottom">
    <TD width="34%">&nbsp;</TD>	<!-- colindex=01 type=maindata -->
    <TD width="1%">&nbsp;</TD>	<!-- colindex=02 type=gutter -->
    <TD width="32%">&nbsp;</TD>	<!-- colindex=02 type=maindata -->
    <TD width="1%">&nbsp;</TD>	<!-- colindex=03 type=gutter -->
    <TD width="32%">&nbsp;</TD>	<!-- colindex=03 type=maindata -->
</TR>
<!-- Table Width Row END -->
<TR valign="bottom">
<TD align="center" valign="top">
    <B>Arizona<BR>
    </B><I><FONT style="font-size: 8pt">(State or Other Jurisdiction
    of<BR>
    Incorporation or Organization)</FONT></I>
</TD>
<TD>
&nbsp;
</TD>
<TD align="center" valign="top">
    <B>7311<BR>
    </B><I><FONT style="font-size: 8pt">(Primary Standard
    Industrial<BR>
    Classification Code Number)</FONT></I>
</TD>
<TD>
&nbsp;
</TD>
<TD align="center" valign="top">
    <B>26-4540870<BR>
    </B><I><FONT style="font-size: 8pt">I.R.S. Employee<BR>
    Identification Number </FONT></I>
</TD>
</TR>
</TABLE>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">

</DIV>

<DIV style="margin-top: 3pt; font-size: 1pt">&nbsp;</DIV>

<DIV style="margin-top: 18pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; font-size: 9pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">1105&#160;N.&#160;Market
    Street, Suite 1300<BR>
    Wilmington, Delaware  19801<BR>
    (310) 694-8150<BR>
    </FONT></B><I><FONT style="font-size: 7pt"><FONT style="font-family: 'Times New Roman', Times">(Address,
    Including Zip Code, and Telephone Number, Including Area Code,
    of Registrant&#146;s Principal Executive
    Offices)</FONT></FONT></I>
</DIV>

<DIV style="margin-top: 3pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <B><FONT style="font-size: 9pt">Robert N. Fried</FONT></B>
</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <B><FONT style="font-size: 9pt">President and Chief Executive
    Officer</FONT></B>
</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <B><FONT style="font-size: 9pt">1105&#160;N.&#160;Market Street,
    Suite&#160;1300</FONT></B>
</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <B><FONT style="font-size: 9pt">Wilmington, Delaware
    19801</FONT></B>
</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <B><FONT style="font-size: 9pt">(310)&#160;694-8150</FONT></B>
</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <I><FONT style="font-size: 7pt">(Name, Address, Including Zip
    Code, and Telephone Number, Including Area Code, of Agent for
    Service)</FONT></I>
</DIV>

<DIV style="margin-top: 3pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <B><I><FONT style="font-size: 7pt">Copies to:</FONT></I></B>
</DIV>

<DIV style="margin-top: 3pt; font-size: 1pt">&nbsp;</DIV>

<TABLE border="0" width="100%" align="center" cellpadding="0" cellspacing="0" style="font-size: 9pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
<!-- Table Width Row BEGIN -->
<TR style="font-size: 1pt" valign="bottom">
    <TD width="50%">&nbsp;</TD>	<!-- colindex=01 type=maindata -->
    <TD width="2%">&nbsp;</TD>	<!-- colindex=02 type=gutter -->
    <TD width="48%">&nbsp;</TD>	<!-- colindex=02 type=maindata -->
</TR>
<!-- Table Width Row END -->
<TR valign="bottom">
<TD align="center" valign="top">
    <B>Teddy D. Klinghoffer,&#160;Esq.<BR>
    Michael Francis, Esq.<BR>
    Akerman Senterfitt<BR>
    One Southeast
    3<SUP style="font-size: 85%; vertical-align: top">rd</SUP>

    Avenue, 25th&#160;Floor<BR>
    Miami, Florida 33131<BR>
    <FONT style="white-space: nowrap">(305)&#160;374-5600</FONT><BR>
    Facsimile:
    <FONT style="white-space: nowrap">(305)&#160;374-5095</FONT></B>
</TD>
<TD>
&nbsp;
</TD>
<TD align="center" valign="top">
    <B>David T. Zhang,&#160;Esq.<BR>
    Latham &#038; Watkins<BR>
    41/F, One Exchange Square<BR>
    8 Connaught Place, Central<BR>
    Hong Kong<BR>
    (852) 2522-7886<BR>
    Facsimile: (852) 2522-7006</B>
</TD>
</TR>
</TABLE>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">

</DIV>

<DIV style="margin-top: 3pt; font-size: 1pt">&nbsp;</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <B>Approximate date of commencement of proposed sale of the
    securities to the public:</B>&#160;&#160;As soon as practicable
    after (i)&#160;this Registration Statement becomes effective,
    (ii)&#160;all other conditions to the merger of Ideation
    Acquisition Corp., a Delaware corporation, into the Registrant,
    with the Registrant surviving and, following such merger, the
    conversion and continuation of the Registrant into SearchMedia
    Holdings Limited, a Cayman Islands exempted company, and
    (iii)&#160;all other conditions to the share exchange between
    SearchMedia Holdings Limited and the shareholders of SearchMedia
    International Limited, a limited liability company incorporated
    in the Cayman Islands, pursuant to the Agreement and Plan of
    Merger, Conversion and Share Exchange as amended, which is
    attached as <U>Annex</U> <U>A-1</U>, <U>A-2</U>, <U>A-3</U>, and
    <U><FONT style="white-space: nowrap">A-4</FONT></U>
    to the Proxy Statement/Prospectus contained herein, have been
    satisfied or waived.
</DIV>

<DIV style="margin-top: 3pt; font-size: 1pt">&nbsp;</DIV>

<DIV style="margin-top: 3pt; font-size: 1pt">&nbsp;</DIV>

<CENTER style="font-size: 1pt; width: 18%; border-bottom: 1pt solid #000000"></CENTER><!-- callerid=999 iwidth=456 length=84 -->

<DIV style="margin-top: 3pt; font-size: 1pt">&nbsp;</DIV>

<DIV style="margin-top: 3pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    If the securities being registered on this Form are being
    offered in connection with the formation of a holding company
    and there is compliance with General Instruction G, please check
    the following
    box.&#160;&#160;<FONT style="font-family: Wingdings; font-variant: normal">&#111;
    </FONT>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    If this Form is filed to register additional securities for an
    offering pursuant to Rule&#160;462(b) under the Securities Act,
    check the following box and list the Securities Act registration
    statement number of the earlier effective registration statement
    for the same
    offering.&#160;&#160;<FONT style="font-family: Wingdings; font-variant: normal">&#111;
    </FONT>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    If this Form is a post-effective amendment filed pursuant to
    Rule&#160;462(d) under the Securities Act, check the following
    box and list the Securities Act registration statement number of
    the earlier effective registration statement for the same
    offering.&#160;&#160;<FONT style="font-family: Wingdings; font-variant: normal">&#111;
    </FONT>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Indicate by check mark whether the registrant is a large
    accelerated filer, an accelerated filer, a non-accelerated
    filer, or a smaller reporting company. See the definitions of
    &#147;large accelerated filer,&#148; &#147;accelerated
    filer&#148; and &#147;smaller reporting company&#148; in Rule
    <FONT style="white-space: nowrap">12b-2</FONT> of the
    Exchange Act. (Check one):
</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

<TR>
    <TD width="25%"></TD>
    <TD width="25%"></TD>
    <TD width="25%"></TD>
    <TD width="25%"></TD>
</TR>

<TR valign="top">
    <TD nowrap align="left">    <FONT style="font-family: 'Times New Roman', Times">Large
    accelerated
    filer&#160;<FONT style="font-family: Wingdings; font-variant: normal">&#111;</FONT>
    </FONT></TD>
    <TD nowrap align="center">    <FONT style="font-family: 'Times New Roman', Times"> Accelerated
    filer&#160;<FONT style="font-family: Wingdings; font-variant: normal">&#111;</FONT>
    </FONT></TD>
    <TD nowrap align="center">    <FONT style="font-family: 'Times New Roman', Times">
    <FONT style="white-space: nowrap">Non-accelerated</FONT>
    filer&#160;<FONT style="font-family: Wingdings; font-variant: normal">&#111;</FONT>
    </FONT></TD>
    <TD nowrap align="right">    <FONT style="font-family: 'Times New Roman', Times"> Smaller
    reporting
    company&#160;<FONT style="font-family: Wingdings; font-variant: normal">&#254;</FONT>
    </FONT></TD>
</TR>

</TABLE>



<DIV align="center" style="margin-left: 26%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (Do not check if a smaller reporting company)
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <B>The registrant hereby amends this Registration Statement on
    such date or dates as may be necessary to delay its effective
    date until the registrant shall file a further amendment which
    specifically states that this Registration Statement shall
    thereafter become effective in accordance with Section&#160;8(a)
    of the Securities Act of 1933 or until this Registration
    Statement shall become effective on such date as the Commission,
    acting pursuant to said Section&#160;8(a), may determine.</B>
</DIV>

<DIV style="margin-top: 4pt; font-size: 1pt">&nbsp;</DIV>

<CENTER style="font-size: 1pt; width: 100%; border-bottom: 1pt solid #000000"></CENTER><!-- callerid=999 iwidth=456 length=0 -->

<CENTER style="font-size: 1pt; width: 100%; border-bottom: 2pt solid #000000"></CENTER><!-- callerid=999 iwidth=456 length=0 -->

<P align="left" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">

</DIV><!-- END PAGE WIDTH -->
<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>

<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->
</DIV><!-- END PAGE WIDTH -->
<DIV style="width: 89%; margin-left: 5%"><!-- BEGIN PAGE WIDTH -->

<DIV style="margin-top: 18pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; font-size: 13pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">IDEATION
    ACQUISITION CORP.<BR>
    <FONT style="font-size: 10pt">1105&#160;N.&#160;Market Street,
    Suite&#160;1300<BR>
    Wilmington, Delaware 19801<BR>
    <FONT style="white-space: nowrap">(310)&#160;694-8150</FONT></FONT></FONT></B>
</DIV>


<DIV style="margin-top: 9pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <B><FONT style="font-size: 11pt">NOTICE OF SPECIAL MEETING OF
    STOCKHOLDERS<BR>
    TO BE HELD OCTOBER&#160;27, 2009</FONT></B>
</DIV>


<DIV style="margin-top: 3pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">TO THE
    STOCKHOLDERS OF IDEATION ACQUISITION CORP.:</FONT></B>
</DIV>


<DIV style="margin-top: 3pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    NOTICE IS HEREBY GIVEN that a special meeting of Ideation
    Acquisition Corp., a Delaware corporation, which we refer to as
    Ideation, relating to the proposed business combination with
    SearchMedia International Limited, an exempted company
    incorporated with limited liability in the Cayman Islands, which
    we refer to as SM Cayman or SearchMedia, and its subsidiaries,
    will be held at 8:30 am Eastern time on October&#160;27, 2009,
    at the offices of Akerman Senterfitt, One Southeast
    3<SUP style="font-size: 85%; vertical-align: top">rd</SUP>

    Avenue, Miami, Florida 33131, to consider and vote upon certain
    proposals described below.
</DIV>


<DIV style="margin-top: 3pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    On March&#160;31, 2009, an Agreement and Plan of Merger,
    Conversion and Share Exchange, which we refer to as the share
    exchange agreement, was entered into by and among Ideation, ID
    Arizona Corp., an Arizona corporation and wholly owned
    subsidiary of Ideation, which we refer to as ID Arizona, SM
    Cayman, the subsidiaries of SM Cayman, and Shanghai Jingli
    Advertising Co., Ltd., which we refer to as Jingli Shanghai, and
    together with SM Cayman and its subsidiaries, the SearchMedia
    entities or SM entities, and certain shareholders and
    warrantholders of SM Cayman, among others. The share exchange
    agreement provides for two primary transactions: (1)&#160;the
    redomestication of Ideation from a Delaware corporation to a
    Cayman Islands exempted company and (2)&#160;the business
    combination between ID Cayman and SM Cayman, after which SM
    Cayman will become a wholly owned subsidiary of ID Cayman. At
    the special meeting, Ideation stockholders will be asked to vote
    on the following proposals relating to these transactions:
</DIV>

<DIV style="margin-top: 3pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <I>Proposal&#160;1.</I>&#160;&#160;To approve an amendment to
    Section&#160;D of Article Sixth of Ideation&#146;s Amended and
    Restated Certificate of Incorporation to provide conversion
    rights to holders of shares issued in Ideation&#146;s initial
    public offering, which we refer to as IPO Shares, upon approval
    of the business combination described below, regardless of
    whether such holder votes for or against the business
    combination. We refer to this proposal as the &#147;Charter
    Amendment Proposal.&#148;
</DIV>

<DIV style="margin-top: 3pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <I>Proposal&#160;2.</I>&#160;&#160;To approve the corporate
    redomestication of Ideation that will result in holders of
    Ideation securities holding securities in a Cayman Islands
    exempted company rather than a Delaware corporation. The
    redomestication involves two steps:
</DIV>

<DIV style="margin-top: 3pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="4%"></TD>
    <TD width="2%"></TD>
    <TD width="94%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    First, Ideation will merge with and into ID Arizona, with ID
    Arizona surviving the merger.
</TD>
</TR>


<TR style="line-height: 3pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    Second, after the merger, ID Arizona will become a Cayman
    Islands exempted company, SearchMedia Holdings Limited, which we
    refer to as ID Cayman, pursuant to a conversion and continuation
    procedure under Arizona and Cayman Islands law.
</TD>
</TR>

</TABLE>

<DIV style="margin-top: 3pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    The redomestication will change Ideation&#146;s domicile from
    Delaware to the Cayman Islands. We refer to the merger and the
    conversion and continuation transactions together as the
    redomestication. We refer to this proposal as the
    &#147;Redomestication Proposal.&#148; If the Redomestication
    Proposal is approved, the redomestication will take place only
    if the Business Combination Proposal, set forth below, is
    approved.
</DIV>

<DIV style="margin-top: 3pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <I>Proposal&#160;3.</I>&#160;&#160;To approve the business
    combination between ID Cayman and SM Cayman, pursuant to which:
</DIV>


<DIV style="margin-top: 3pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="4%"></TD>
    <TD width="2%"></TD>
    <TD width="94%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    SM Cayman shareholders will receive 6,662,727 ordinary shares of
    ID Cayman.
</TD>
</TR>

</TABLE>


<DIV style="margin-top: 3pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="4%"></TD>
    <TD width="2%"></TD>
    <TD width="94%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    SM Cayman warrantholders will receive warrants to purchase
    1,519,186 ordinary shares of ID Cayman.
</TD>
</TR>

</TABLE>


<DIV style="margin-top: 3pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="4%"></TD>
    <TD width="2%"></TD>
    <TD width="94%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    SM Cayman option holders will receive options to purchase
    566,939 ordinary shares of ID Cayman.
</TD>
</TR>

</TABLE>


<DIV style="margin-top: 3pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="4%"></TD>
    <TD width="2%"></TD>
    <TD width="94%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    SM Cayman holders of restricted shares and restricted share
    units, which we refer to collectively as restricted share
    awards, will receive 261,179 restricted share awards of ID
    Cayman.
</TD>
</TR>


<TR style="line-height: 3pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    Certain SM Cayman noteholders will receive 1,712,874 ordinary
    shares of ID Cayman and warrants to purchase 428,219 ordinary
    shares of ID Cayman.
</TD>
</TR>

</TABLE>

<DIV style="margin-top: 3pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    In addition, the shareholders and warrantholders of SM Cayman
    may receive an additional 10,150,352 ordinary shares of ID
    Cayman pursuant to an earn-out provision in the share exchange
    agreement. Upon the closing of the business combination, SM
    Cayman will be the wholly owned subsidiary of ID Cayman. We
    refer to this transaction as the &#147;business
    combination.&#148; We refer to this proposal as the
    &#147;Business Combination Proposal.&#148;
</DIV>

<DIV style="margin-top: 3pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    The vote to approve the Business Combination Proposal will take
    place only if both the Charter Amendment Proposal and the
    Redomestication Proposal are approved.
</DIV>

<P align="left" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">

</DIV><!-- END PAGE WIDTH -->
<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>

<DIV style="width: 89%; margin-left: 5%"><!-- BEGIN PAGE WIDTH -->


<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <B>If the business combination is approved and completed, each
    holder of IPO Shares who votes such shares either for or against
    the business combination may, in connection with casting such
    vote, elect to convert those shares to cash.</B>
</DIV>


<DIV style="margin-top: 3pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <I>Proposal&#160;4.</I>&#160;&#160;To approve the authorization
    in ID Cayman&#146;s Memorandum of Association of 1,000,000,000
    ordinary shares, as compared to 50,000,000&#160;shares of common
    stock currently authorized in Ideation&#146;s amended and
    restated certificate of incorporation, dated November&#160;21,
    2007, which we refer to as Ideation&#146;s Amended and Restated
    Certificate of Incorporation, and 10,000,000 preferred shares,
    as compared to 1,000,000&#160;shares of preferred stock
    currently authorized under Ideation&#146;s Certificate of
    Incorporation. We refer to this proposal as the &#147;Share
    Increase Proposal.&#148;
</DIV>

<DIV style="margin-top: 3pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <I>Proposal&#160;5.</I>&#160;&#160;To approve in ID
    Cayman&#146;s Articles of Association the elimination of the
    classified board currently authorized in Ideation&#146;s Amended
    and Restated Certificate of Incorporation. We refer to this
    proposal as the &#147;Declassification Proposal.&#148;
</DIV>

<DIV style="margin-top: 3pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <I>Proposal&#160;6.</I>&#160;&#160;To approve in ID
    Cayman&#146;s Articles of Association a provision providing that
    the amendment of either of ID Cayman&#146;s Memorandum of
    Association or Articles of Association will require a vote of
    two-thirds of its shareholders voting in person or by proxy at a
    meeting, as compared to the vote of a majority of the
    outstanding stock as set forth in Ideation&#146;s Amended and
    Restated Certificate of Incorporation. We refer to this proposal
    as the &#147;Amendment Proposal.&#148;
</DIV>


<DIV style="margin-top: 3pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <I>Proposal&#160;7.</I>&#160;&#160;To approve in ID
    Cayman&#146;s Articles of Association a provision providing that
    the ID Cayman shareholders may pass resolutions without holding
    a meeting only if such resolutions are passed by a unanimous
    written resolution signed by all of the shareholders entitled to
    vote, as opposed to the provisions in Ideation&#146;s Amended
    and Restated Certificate of Incorporation that provide that
    stockholders may not take action without a meeting. We refer to
    this proposal as the &#147;Shareholder Consent Proposal.&#148;
</DIV>


<DIV style="margin-top: 3pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <I>Proposal&#160;8.</I>&#160;&#160;To approve in ID
    Cayman&#146;s Memorandum of Association a provision providing
    for the perpetual existence of the company, as compared to a
    provision providing for the termination of the company&#146;s
    existence on November&#160;19, 2009 as set forth in
    Ideation&#146;s Amended and Restated Certificate of
    Incorporation. We refer to this proposal as the &#147;Corporate
    Existence Proposal.&#148;
</DIV>

<DIV style="margin-top: 3pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <I>Proposal&#160;9.</I>&#160;&#160;To approve the assumption of
    the SearchMedia International Limited 2008&#160;Share Incentive
    Plan and its amendment and restatement as the Amended and
    Restated SearchMedia Holdings Limited Share Incentive Plan (the
    &#147;Amended and Restated 2008&#160;Share Incentive
    Plan&#148;). We refer to this proposal as the &#147;Share
    Incentive Plan Proposal.&#148;
</DIV>

<DIV style="margin-top: 3pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <I>Proposal&#160;10.</I>&#160;&#160;To approve an adjournment or
    postponement of the special meeting for the purpose of
    soliciting additional proxies. We refer to this proposal as the
    &#147;Adjournment Proposal.&#148;
</DIV>

<DIV style="margin-top: 3pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    The Ideation board of directors has fixed the record date as the
    close of business on October&#160;2, 2009, as the date for
    determining Ideation stockholders entitled to receive notice of
    and to vote at the special meeting and an adjournment or
    postponement thereof. Only holders of record of Ideation&#146;s
    common stock on that date are entitled to have their votes
    counted at the special meeting or an adjournment or postponement
    thereof with respect to the above proposals.
</DIV>


<DIV style="margin-top: 3pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Your vote is important. Please sign, date and return your proxy
    card as soon as possible to make sure that your shares are
    represented at the special meeting. If you are a stockholder of
    record, you may also cast your vote in person at the special
    meeting. If your shares are held in an account with a brokerage
    firm or bank, you must instruct your broker or bank how to vote
    your shares, or you may cast your vote in person at the special
    meeting by obtaining a proxy from your brokerage firm or bank.
</DIV>


<DIV style="margin-top: 3pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    After careful consideration, the Ideation board of directors has
    unanimously determined that the above proposals are fair to and
    in the best interests of Ideation and its stockholders and has
    recommended that you vote or give instruction to vote
    &#147;<B>FOR</B>&#148; the approval of each of them.
</DIV>

<DIV style="margin-top: 18pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 47%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    By Order of the Board of Directors,
</DIV>

<DIV style="margin-top: 36pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 47%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <DIV style="display:inline; text-align:left;">&#160;&#160;&#160;&#160;</DIV>
</DIV>

<DIV style="font-size: 2pt; margin-left: 47%; width: 100%;  align: left; border-bottom: 1pt solid #000000"></DIV><!-- callerid=999 iwidth=480 length=0 -->

<DIV align="left" style="margin-left: 47%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Robert N. Fried
</DIV>

<DIV align="left" style="margin-left: 47%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Chief Executive Officer
</DIV>


<DIV style="margin-top: 9pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Dated:&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;,
    2009
</DIV>


<P align="left" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">

</DIV><!-- END PAGE WIDTH -->
<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>

<DIV style="width: 89%; margin-left: 5%"><!-- BEGIN PAGE WIDTH -->

<TABLE style="color: #FF0000" width="100%" border="1" cellpadding="5"><TR><TD style=text-align:justify>
<FONT style="font-size: 8pt; font-family: Arial, Helvetica; color: #E8112D">The
information in this proxy statement/prospectus is not complete
and may be changed. We may not issue these securities until the
registration statement filed with the Securities and Exchange
Commission is effective. This proxy statement/prospectus is not
an offer to sell these securities and it is not soliciting an
offer to buy these securities in any state where the offer or
sale is not permitted.<BR>
</FONT>
</TD></TR></TABLE>

<DIV style="margin-top: 1pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left"><FONT size="1">

</FONT></DIV>

<DIV style="margin-top: 18pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <FONT style="font-family: 'Times New Roman', Times">Preliminary
    Proxy Statement/Prospectus Subject to Completion, dated
    September&#160;30, 2009
    </FONT>
</DIV>

<DIV align="left"><FONT size="1">

</FONT></DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<CENTER style="font-size: 1pt; width: 17%; border-bottom: 1pt solid #000000"></CENTER><!-- callerid=999 iwidth=480 length=84 -->

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">PROXY
    STATEMENT FOR SPECIAL MEETING OF<BR>
    STOCKHOLDERS OF IDEATION ACQUISITION CORP.</FONT></B>
</DIV>

<DIV style="margin-top: 9pt; font-size: 1pt">&nbsp;</DIV>

<CENTER style="font-size: 1pt; width: 17%; border-bottom: 1pt solid #000000"></CENTER><!-- callerid=999 iwidth=480 length=84 -->

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">PROSPECTUS
    OF ID ARIZONA CORP.</FONT></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<CENTER style="font-size: 1pt; width: 17%; border-bottom: 1pt solid #000000"></CENTER><!-- callerid=999 iwidth=480 length=84 -->

<DIV style="margin-top: 3pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    This document serves as a proxy statement containing information
    about a special meeting of the Ideation stockholders relating to
    its proposed business combination with SearchMedia, and as a
    prospectus of ID Arizona with respect to securities to be issued
    to Ideation stockholders as part of that business combination.
</DIV>

<DIV style="margin-top: 3pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    On March 31, 2009, Ideation, ID Arizona, SM Cayman, Jingli
    Shanghai and certain other parties, including shareholders and
    warrantholders of SM Cayman, entered into a share exchange
    agreement. The share exchange agreement provides for two primary
    transactions: (1)&#160;the redomestication of Ideation from a
    Delaware corporation to a Cayman Islands exempted company and
    (2)&#160;the business combination between ID Cayman and SM
    Cayman, after which SM Cayman will become a wholly owned
    subsidiary of ID Cayman.
</DIV>

<DIV style="margin-top: 3pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    The redomestication of Ideation involves two steps:
</DIV>

<DIV style="margin-top: 3pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (i)&#160;Ideation will merge with and into ID Arizona, with ID
    Arizona surviving the merger.
</DIV>

<DIV style="margin-top: 3pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (ii)&#160;Immediately after the Arizona merger, ID Arizona will
    become a Cayman Islands exempted company, ID Cayman, pursuant to
    a conversion and continuation procedure under Arizona and Cayman
    Islands law.
</DIV>

<DIV style="margin-top: 3pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    After completing the redomestication, ID Cayman will complete
    the business combination with the SM Cayman shareholders, in
    which ID Cayman will acquire all of the issued and outstanding
    shares of SM Cayman and SM Cayman security holders, including
    certain SM Cayman noteholders, will receive in aggregate
    11,488,810&#160;ordinary shares, or securities exercisable or
    exchangeable for ordinary shares, of ID Cayman.
</DIV>

<DIV style="margin-top: 3pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    This proxy statement/prospectus covers the following ID Arizona
    securities that will be issued to Ideation stockholders in the
    Arizona merger: (i)&#160;12,500,000 shares of common stock;
    (ii)&#160;12,400,000 warrants to purchase shares of common stock
    and (iii)&#160;an option to purchase 500,000 units consisting of
    500,000 shares of common stock and 500,000 warrants to purchase
    shares of common stock. This proxy statement/prospectus also
    covers the shares of common stock underlying the warrants and
    units, as well as the units underlying the option. No ID Cayman
    securities to be issued in the business combination with SM
    Cayman are covered by this proxy statement/prospectus. All of
    the securities to be outstanding upon completion of the
    redomestication and the business combination will be securities
    of ID Cayman.
</DIV>

<DIV style="margin-top: 3pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    In connection with the redomestication and the business
    combination and pursuant to the terms and conditions of the
    share exchange agreement, the board of directors of Ideation is
    seeking stockholder approval of each of the Charter Amendment
    Proposal, the Redomestication Proposal, the Business Combination
    Proposal, the Share Increase Proposal, the Declassification
    Proposal, the Amendment Proposal, the Shareholder Consent
    Proposal, the Corporate Existence Proposal, the Share Incentive
    Plan Proposal, and the Adjournment Proposal, each as further
    described in this proxy statement/prospectus. The special
    meeting will be held at 8:30 am Eastern time on October&#160;27,
    2009, at the offices of Akerman Senterfitt, One Southeast
    3<SUP style="font-size: 85%; vertical-align: top">rd</SUP>&#160;Avenue,

    Miami, Florida 33131
</DIV>

<DIV style="margin-top: 3pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    After careful consideration, the Ideation board of directors has
    unanimously determined that the above proposals are fair to and
    in the best interests of Ideation and its stockholders and has
    recommended that you vote or give instruction to vote
    &#147;<B>FOR</B>&#148; the approval of each of them.
</DIV>

<DIV style="margin-top: 3pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <B>Please be aware that if the business combination is approved
    and completed, each holder of IPO Shares who votes such shares
    either &#147;FOR&#148; or &#147;AGAINST&#148; the business
    combination may, in connection with casting such vote, elect to
    convert those shares to cash.</B>
</DIV>

<DIV style="margin-top: 3pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Ideation&#146;s units, common stock and warrants trade on the
    NYSE Amex LLC, formerly known as the American Stock Exchange,
    under the symbols &#147;IDI.U&#148;, &#147;IDI&#148; and
    &#147;IDI.WS&#148;, respectively. Following the redomestication
    and business combination, ID Cayman will reapply to the NYSE
    Amex in order to continue listing the ordinary shares, warrants
    and units of ID Cayman on the NYSE Amex. It is unclear whether
    ID Cayman will meet the requirements for continued listing.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">YOU
    SHOULD CAREFULLY CONSIDER THE RISK FACTORS BEGINNING ON
    PAGE&#160;37.</FONT></B>
</DIV>

<DIV style="margin-top: 3pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <B>Neither the Securities and Exchange Commission nor any state
    securities commission has approved or disapproved of these
    securities or passed upon the adequacy or accuracy of this proxy
    statement/prospectus. Any representation to the contrary is a
    criminal offense.</B>
</DIV>

<DIV style="margin-top: 3pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    This proxy statement/prospectus is
    dated&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;,
    2009 and is first being mailed to Ideation stockholders on or
    about October&#160;5, 2009.
</DIV>

<P align="left" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">

</DIV><!-- END PAGE WIDTH -->
<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>

<DIV style="width: 89%; margin-left: 5%"><!-- BEGIN PAGE WIDTH -->
</DIV><!-- END PAGE WIDTH -->
<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->

<DIV style="margin-top: 18pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">TABLE OF
    CONTENTS</FONT></B>
</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>
<DIV align="left">
<!-- TOC -->
</DIV>

<DIV align="left">
<A name="tocpage"></A>
</DIV>


<TABLE border="0" width="100%" align="center" cellpadding="0" cellspacing="0" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
<!-- Table Width Row BEGIN -->
<TR style="font-size: 1pt" valign="bottom">
    <TD width="95%">&nbsp;</TD>	<!-- colindex=01 type=maindata -->
    <TD width="2%">&nbsp;</TD>	<!-- colindex=02 type=gutter -->
    <TD width="3%">&nbsp;</TD>	<!-- colindex=02 type=maindata -->
</TR>
<!-- Table Width Row END -->
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    <A HREF='#101'>SUMMARY MATERIAL TERMS OF THE TRANSACTION</A>
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    1
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 20pt">
    <A HREF='#356'>The Redomestication</A>
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    1
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 20pt">
    <A HREF='#357'>The Business Combination</A>
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    2
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 20pt">
    <A HREF='#358'>Conversion Rights</A>
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    2
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 20pt">
    <A HREF='#102'>Ideation and Sponsor Purchases</A>
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    4
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 20pt">
    <A HREF='#359'>ID Cayman New Warrants</A>
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    5
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 20pt">
    <A HREF='#360'>Post-Closing Financing</A>
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    5
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 20pt">
    <A HREF='#103'>Accounting Treatment</A>
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    5
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 20pt">
    <A HREF='#104'>Other Matters</A>
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    6
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 20pt">
    <A HREF='#105'>Enforceability of Civil Liabilities Against
    Foreign Persons</A>
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    7
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    <A HREF='#106'>QUESTIONS AND ANSWERS ABOUT THE REDOMESTICATION,
    THE BUSINESS COMBINATION AND THE IDEATION SPECIAL MEETING</A>
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    8
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    <A HREF='#107'>SUMMARY</A>
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    15
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 20pt">
    <A HREF='#108'>The Parties</A>
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    15
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 20pt">
    <A HREF='#109'>The Business Combination</A>
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    16
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 20pt">
    <A HREF='#110'>Acquisition Consideration</A>
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    17
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 20pt">
    <A HREF='#111'>Satisfaction of the 80% Test</A>
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    18
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 20pt">
    <A HREF='#361'>Conversion Rights</A>
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    19
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 20pt">
    <A HREF='#112'>Management of ID Cayman; Voting Agreement</A>
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    19
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 20pt">
    <A HREF='#113'><FONT style="white-space: nowrap">Lock-Up</FONT>
    Agreements</A>
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    20
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 20pt">
    <A HREF='#114'>Registration Rights Agreement</A>
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    20
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 20pt">
    <A HREF='#115'>Actions That May Be Taken to Secure Approval of
    Ideation Stockholders</A>
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    21
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 20pt">
    <A HREF='#362'>ID Cayman New Warrants</A>
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    22
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 20pt">
    <A HREF='#363'>Post-Closing Financing</A>
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    22
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 20pt">
    <A HREF='#364'>Rescission Rights</A>
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    22
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 20pt">
    <A HREF='#116'>Date, Time and Place of Special Meeting of
    Ideation Stockholders</A>
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    23
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 20pt">
    <A HREF='#117'>Voting Power; Record Date</A>
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    23
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 20pt">
    <A HREF='#118'>Approval of the SearchMedia Shareholders</A>
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    23
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 20pt">
    <A HREF='#119'>Quorum and Vote Required to Approve the Proposals
    by the Ideation Stockholders</A>
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    23
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 20pt">
    <A HREF='#120'>Relationship of Proposals</A>
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    24
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 20pt">
    <A HREF='#122'>Proxies</A>
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    24
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 20pt">
    <A HREF='#123'>Stock Ownership</A>
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    24
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 20pt">
    <A HREF='#124'>Interests of Ideation Officers and Directors in
    the Business Combination</A>
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    24
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 20pt">
    <A HREF='#125'>Interests of SearchMedia Officers and Directors
    in the Business Combination</A>
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    25
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 20pt">
    <A HREF='#126'>Conditions to the Closing of the Share Exchange
    Agreement</A>
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    26
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 20pt">
    <A HREF='#127'>Exclusivity; No Other Negotiation</A>
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    28
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 20pt">
    <A HREF='#128'>Termination</A>
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    28
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 20pt">
    <A HREF='#365'>Effect of Termination; Termination Fee</A>
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    29
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 20pt">
    <A HREF='#129'>Amendment</A>
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    29
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 20pt">
    <A HREF='#327'>Amendments to Share Exchange Agreement</A>
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    30
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 20pt">
    <A HREF='#130'>Quotation</A>
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    32
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 20pt">
    <A HREF='#131'>Indemnification</A>
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    32
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 20pt">
    <A HREF='#132'>Foreign Private Issuer</A>
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    33
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 20pt">
    <A HREF='#133'>Comparison of Stockholder Rights</A>
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    34
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 20pt">
    <A HREF='#134'>Certain U.S. Federal Income Tax Consequences</A>
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    34
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 20pt">
    <A HREF='#135'>Material PRC Tax Considerations</A>
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    34
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 20pt">
    <A HREF='#136'>Anticipated Accounting Treatment</A>
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    35
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 20pt">
    <A HREF='#137'>Regulatory Matters</A>
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    36
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 20pt">
    <A HREF='#138'>Currency Conversion Rates</A>
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    36
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 20pt">
    <A HREF='#139'>Risk Factors</A>
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    36
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 20pt">
    <A HREF='#140'>Board Solicitation</A>
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    36
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    <A HREF='#141'>RISK FACTORS</A>
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    37
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 20pt">
    <A HREF='#142'>Risks Relating to the Business of SearchMedia</A>
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    37
</TD>
</TR>
</TABLE>


<P align="center" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <BR>
    i
</DIV><!-- END PAGE WIDTH -->
<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>

<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->


<TABLE border="0" width="100%" align="center" cellpadding="0" cellspacing="0" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
<!-- Table Width Row BEGIN -->
<TR style="font-size: 1pt" valign="bottom">
    <TD width="95%">&nbsp;</TD>	<!-- colindex=01 type=maindata -->
    <TD width="2%">&nbsp;</TD>	<!-- colindex=02 type=gutter -->
    <TD width="3%">&nbsp;</TD>	<!-- colindex=02 type=maindata -->
</TR>
<!-- Table Width Row END -->
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -9pt; margin-left: 18pt">
    <A HREF='#326'>Risks Relating to Doing Business in the
    People&#146;s Republic of China</A>
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    46
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -9pt; margin-left: 18pt">
    <A HREF='#143'>Risks Relating to the Redomestication and the
    Business Combination</A>
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    55
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -9pt; margin-left: 18pt">
    <A HREF='#144'>Risks Relating to Ideation Stockholders and
    Warrantholders</A>
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    61
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    <A HREF='#145'>SPECIAL NOTE&#160;REGARDING FORWARD-LOOKING
    STATEMENTS</A>
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    64
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    <A HREF='#146'>SELECTED SUMMARY HISTORICAL FINANCIAL
    INFORMATION</A>
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    65
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -9pt; margin-left: 18pt">
    <A HREF='#147'>SearchMedia and Predecessors Selected Historical
    Financial Data</A>
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    65
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    <A HREF='#148'>UNAUDITED PRO FORMA COMBINED FINANCIAL
    STATEMENTS</A>
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    67
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    <A HREF='#149'>COMPARATIVE PER SHARE DATA</A>
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    75
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    <A HREF='#150'>PRICE RANGE OF SECURITIES AND DIVIDENDS</A>
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    76
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -9pt; margin-left: 18pt">
    <A HREF='#151'>Ideation</A>
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    76
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -9pt; margin-left: 18pt">
    <A HREF='#152'>SearchMedia</A>
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    76
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    <A HREF='#153'>THE IDEATION SPECIAL MEETING</A>
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    77
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    <A HREF='#350'>THE CHARTER AMENDMENT PROPOSAL</A>
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    84
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    <A HREF='#154'>THE REDOMESTICATION PROPOSAL</A>
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    86
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -9pt; margin-left: 18pt">
    <A HREF='#155'>General</A>
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    86
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -9pt; margin-left: 18pt">
    <A HREF='#156'>Adoption of the Redomestication Proposal</A>
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    87
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -9pt; margin-left: 18pt">
    <A HREF='#157'>The Redomestication</A>
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    87
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -9pt; margin-left: 18pt">
    <A HREF='#158'>Management of ID Cayman</A>
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    88
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -9pt; margin-left: 18pt">
    <A HREF='#159'>Differences of Stockholder Rights</A>
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    89
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    <A HREF='#328'>Shareholder Approval of Future Business
    Combinations</A>
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    89
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -9pt; margin-left: 18pt">
    <A HREF='#329'>Ideation</A>
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    89
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -9pt; margin-left: 18pt">
    <A HREF='#330'>ID Cayman</A>
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    90
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    <A HREF='#161'>Special Vote Required for Combinations with
    Interested Shareholders</A>
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    90
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -9pt; margin-left: 18pt">
    <A HREF='#162'>Ideation</A>
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    90
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -9pt; margin-left: 18pt">
    <A HREF='#163'>ID Cayman</A>
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    91
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    <A HREF='#164'>Appraisal Rights and Compulsory Acquisition</A>
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    91
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -9pt; margin-left: 18pt">
    <A HREF='#165'>Ideation</A>
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    91
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -9pt; margin-left: 18pt">
    <A HREF='#166'>ID Cayman</A>
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    91
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    <A HREF='#351'>Shareholder Consent to Action Without a
    Meeting</A>
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    92
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -9pt; margin-left: 18pt">
    <A HREF='#167'>Ideation</A>
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    92
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -9pt; margin-left: 18pt">
    <A HREF='#168'>ID Cayman</A>
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    92
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    <A HREF='#169'>Special Meetings of Shareholders</A>
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    92
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -9pt; margin-left: 18pt">
    <A HREF='#170'>Ideation</A>
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    92
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -9pt; margin-left: 18pt">
    <A HREF='#171'>ID Cayman</A>
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    92
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    <A HREF='#331'>Distributions and Dividends; Repurchases and
    Redemptions</A>
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    92
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -9pt; margin-left: 18pt">
    <A HREF='#332'>Ideation</A>
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    92
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -9pt; margin-left: 18pt">
    <A HREF='#333'>ID Cayman</A>
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    93
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    <A HREF='#334'>Vacancies on Board of Directors</A>
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    93
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -9pt; margin-left: 18pt">
    <A HREF='#335'>Ideation</A>
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    93
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -9pt; margin-left: 18pt">
    <A HREF='#336'>ID Cayman</A>
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    93
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    <A HREF='#172'>Removal of Directors; Staggered Term of
    Directors</A>
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    93
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -9pt; margin-left: 18pt">
    <A HREF='#173'>Ideation</A>
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    93
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -9pt; margin-left: 18pt">
    <A HREF='#174'>ID Cayman</A>
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    93
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    <A HREF='#175'>Inspection of Books and Records</A>
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    94
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -9pt; margin-left: 18pt">
    <A HREF='#176'>Ideation</A>
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    94
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -9pt; margin-left: 18pt">
    <A HREF='#177'>ID Cayman</A>
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    94
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    <A HREF='#352'>Amendment of Governing Documents</A>
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    94
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -9pt; margin-left: 18pt">
    <A HREF='#178'>Ideation</A>
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    94
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -9pt; margin-left: 18pt">
    <A HREF='#179'>ID Cayman</A>
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    94
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    <A HREF='#180'>Indemnification of Directors and Officers</A>
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    95
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -9pt; margin-left: 18pt">
    <A HREF='#181'>Ideation</A>
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    95
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -9pt; margin-left: 18pt">
    <A HREF='#182'>ID Cayman</A>
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    95
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    <A HREF='#183'>Limited Liability of Directors</A>
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    96
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -9pt; margin-left: 18pt">
    <A HREF='#184'>Ideation</A>
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    96
</TD>
</TR>
</TABLE>


<P align="center" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <BR>
    ii
</DIV><!-- END PAGE WIDTH -->
<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>

<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->


<TABLE border="0" width="100%" align="center" cellpadding="0" cellspacing="0" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
<!-- Table Width Row BEGIN -->
<TR style="font-size: 1pt" valign="bottom">
    <TD width="95%">&nbsp;</TD>	<!-- colindex=01 type=maindata -->
    <TD width="2%">&nbsp;</TD>	<!-- colindex=02 type=gutter -->
    <TD width="3%">&nbsp;</TD>	<!-- colindex=02 type=maindata -->
</TR>
<!-- Table Width Row END -->
<TR valign="bottom">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -9pt; margin-left: 18pt">
    <A HREF='#185'>ID Cayman</A>
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    96
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    <A HREF='#186'>Shareholders&#146; Suits</A>
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    96
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -9pt; margin-left: 18pt">
    <A HREF='#187'>Ideation</A>
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    96
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -9pt; margin-left: 18pt">
    <A HREF='#188'>ID Cayman</A>
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    96
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    <A HREF='#189'>Advance Notification Requirements for Proposals
    of Shareholders</A>
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    97
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -9pt; margin-left: 18pt">
    <A HREF='#190'>Ideation</A>
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    97
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -9pt; margin-left: 18pt">
    <A HREF='#191'>ID Cayman</A>
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    97
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    <A HREF='#192'>Cumulative Voting</A>
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    97
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -9pt; margin-left: 18pt">
    <A HREF='#193'>Ideation</A>
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    97
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -9pt; margin-left: 18pt">
    <A HREF='#194'>ID Cayman</A>
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    98
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -9pt; margin-left: 18pt">
    <A HREF='#195'>Defenses Against Hostile Takeovers</A>
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    98
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -9pt; margin-left: 18pt">
    <A HREF='#196'>Rights of Minority Stockholders</A>
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    98
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -9pt; margin-left: 18pt">
    <A HREF='#197'>Transfer of ID Cayman&#146;s Securities Upon
    Death of Holder</A>
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    99
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    <A HREF='#198'>THE BUSINESS COMBINATION PROPOSAL</A>
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    99
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -9pt; margin-left: 18pt">
    <A HREF='#199'>General Description of the Business
    Combination</A>
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    99
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -9pt; margin-left: 18pt">
    <A HREF='#200'>Background of the Business Combination</A>
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    100
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -9pt; margin-left: 18pt">
    <A HREF='#201'>Interest of Ideation&#146;s Management in the
    Business Combination</A>
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    107
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -9pt; margin-left: 18pt">
    <A HREF='#202'>Actions That May Be Taken to Secure Approval of
    Ideation Stockholders</A>
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    108
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -9pt; margin-left: 18pt">
    <A HREF='#366'>Rescission Rights</A>
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    109
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -9pt; margin-left: 18pt">
    <A HREF='#337'>Ideation&#146;s Reasons for the Business
    Combination and Recommendation of the Ideation Board of
    Directors</A>
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    110
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -9pt; margin-left: 18pt">
    <A HREF='#340'>SearchMedia&#146;s Reasons for the Business
    Combination</A>
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    114
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -9pt; margin-left: 18pt">
    <A HREF='#341'>Satisfaction of the 80% Test</A>
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    115
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -9pt; margin-left: 18pt">
    <A HREF='#203'>Fees and Expenses</A>
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    115
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -9pt; margin-left: 18pt">
    <A HREF='#205'>Certain U.S. Federal Income Tax Consequences</A>
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    116
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -9pt; margin-left: 18pt">
    <A HREF='#338'>Certain PRC Tax Considerations</A>
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    116
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -9pt; margin-left: 18pt">
    <A HREF='#206'>Anticipated Accounting Treatment</A>
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    117
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -9pt; margin-left: 18pt">
    <A HREF='#207'>Regulatory Matters</A>
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    117
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    <A HREF='#208'>THE SHARE EXCHANGE AGREEMENT</A>
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    117
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -9pt; margin-left: 18pt">
    <A HREF='#209'>General</A>
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    118
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -9pt; margin-left: 18pt">
    <A HREF='#210'>Basic Deal Terms</A>
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    118
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -9pt; margin-left: 18pt">
    <A HREF='#211'>Representations and Warranties</A>
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    121
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -9pt; margin-left: 18pt">
    <A HREF='#212'>Conduct of Business Pending Closing</A>
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    122
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -9pt; margin-left: 18pt">
    <A HREF='#213'>Covenants</A>
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    124
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -9pt; margin-left: 18pt">
    <A HREF='#214'>Exclusivity; No Other Negotiation</A>
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    126
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -9pt; margin-left: 18pt">
    <A HREF='#215'>Additional Agreements and Covenants</A>
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    127
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -9pt; margin-left: 18pt">
    <A HREF='#216'>Conditions to Closing</A>
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    130
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -9pt; margin-left: 18pt">
    <A HREF='#217'>Indemnification</A>
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    132
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -9pt; margin-left: 18pt">
    <A HREF='#218'>Termination</A>
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    133
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -9pt; margin-left: 18pt">
    <A HREF='#219'>Effect of Termination; Termination Fee</A>
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    134
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -9pt; margin-left: 18pt">
    <A HREF='#220'>Amendment</A>
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    135
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -9pt; margin-left: 18pt">
    <A HREF='#339'>Amendment to Share Exchange Agreement</A>
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    135
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -9pt; margin-left: 18pt">
    <A HREF='#221'>Regulatory and Other Approvals</A>
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    137
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -9pt; margin-left: 18pt">
    <A HREF='#222'>Recommendation of Ideation&#146;s Board of
    Directors</A>
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    137
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    <A HREF='#223'>CERTAIN AGREEMENTS RELATING TO THE BUSINESS
    COMBINATION</A>
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    137
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -9pt; margin-left: 18pt">
    <A HREF='#224'><FONT style="white-space: nowrap">Lock-Up</FONT>
    Agreements</A>
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    137
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -9pt; margin-left: 18pt">
    <A HREF='#225'>Voting Agreement</A>
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    138
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -9pt; margin-left: 18pt">
    <A HREF='#226'>Registration Rights Agreement</A>
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    139
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    <A HREF='#227'>MATERIAL UNITED STATES FEDERAL INCOME TAX
    CONSIDERATIONS</A>
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    139
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -9pt; margin-left: 18pt">
    <A HREF='#228'>General</A>
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    139
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -9pt; margin-left: 18pt">
    <A HREF='#229'>Tax Consequences of the Business Combination with
    respect to ID Cayman</A>
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    141
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -9pt; margin-left: 18pt">
    <A HREF='#230'>Tax Consequences of the Merger</A>
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    141
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -9pt; margin-left: 18pt">
    <A HREF='#231'>Tax Consequences of the Conversion</A>
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    141
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -9pt; margin-left: 18pt">
    <A HREF='#233'>Tax Consequences to U.S. Holders of Shares and
    Warrants of ID Cayman</A>
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    143
</TD>
</TR>
</TABLE>


<P align="center" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <BR>
    iii
</DIV><!-- END PAGE WIDTH -->
<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>

<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->


<TABLE border="0" width="100%" align="center" cellpadding="0" cellspacing="0" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
<!-- Table Width Row BEGIN -->
<TR style="font-size: 1pt" valign="bottom">
    <TD width="95%">&nbsp;</TD>	<!-- colindex=01 type=maindata -->
    <TD width="2%">&nbsp;</TD>	<!-- colindex=02 type=gutter -->
    <TD width="3%">&nbsp;</TD>	<!-- colindex=02 type=maindata -->
</TR>
<!-- Table Width Row END -->
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -9pt; margin-left: 18pt">
    <A HREF='#234'>Tax Consequences to
    <FONT style="white-space: nowrap">Non-U.S.</FONT>
    Holders of Shares and Warrants of ID Cayman</A>
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    148
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -9pt; margin-left: 18pt">
    <A HREF='#235'>Backup Withholding and Information Reporting</A>
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    149
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    <A HREF='#236'>MATERIAL PRC TAX CONSIDERATIONS</A>
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    149
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    <A HREF='#237'>THE SHARE INCREASE PROPOSAL</A>
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    150
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    <A HREF='#238'>THE DECLASSIFICATION PROPOSAL</A>
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    151
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    <A HREF='#239'>THE AMENDMENT PROPOSAL</A>
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    151
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    <A HREF='#241'>THE SHAREHOLDER CONSENT PROPOSAL</A>
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    152
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    <A HREF='#242'>THE CORPORATE EXISTENCE PROPOSAL</A>
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    153
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    <A HREF='#243'>THE SHARE INCENTIVE PLAN PROPOSAL</A>
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    153
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    <A HREF='#244'>THE ADJOURNMENT PROPOSAL</A>
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    155
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    <A HREF='#245'>INFORMATION ABOUT SEARCHMEDIA</A>
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    155
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -9pt; margin-left: 18pt">
    <A HREF='#342'>Business Overview</A>
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    155
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -9pt; margin-left: 18pt">
    <A HREF='#246'>Corporate Organization and Operating History</A>
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    164
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -9pt; margin-left: 18pt">
    <A HREF='#247'>Corporate Ownership Structure</A>
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    166
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -9pt; margin-left: 18pt">
    <A HREF='#248'>Intellectual Property</A>
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    175
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -9pt; margin-left: 18pt">
    <A HREF='#249'>Regulatory Matters</A>
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    175
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -9pt; margin-left: 18pt">
    <A HREF='#250'><I>Regulation of Advertising Services</I></A>
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    177
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -9pt; margin-left: 18pt">
    <A HREF='#252'><I>Regulation on Overseas Listing</I></A>
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    181
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -9pt; margin-left: 18pt">
    <A HREF='#253'>Facilities</A>
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    182
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -9pt; margin-left: 18pt">
    <A HREF='#254'>Legal Proceedings</A>
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    182
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    <A HREF='#255'>SEARCHMEDIA&#146;S MANAGEMENT&#146;S DISCUSSION
    AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS</A>
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    183
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -9pt; margin-left: 18pt">
    <A HREF='#256'>Overview</A>
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    183
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -9pt; margin-left: 18pt">
    <A HREF='#257'>SearchMedia&#146;s Predecessors and
    Acquisitions</A>
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    183
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -9pt; margin-left: 18pt">
    <A HREF='#258'>Factors Affecting SearchMedia&#146;s Results of
    Operations</A>
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    184
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -9pt; margin-left: 18pt">
    <A HREF='#259'>Revenues</A>
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    186
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -9pt; margin-left: 18pt">
    <A HREF='#260'>Cost of Revenues and Operating Expenses</A>
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    187
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -9pt; margin-left: 18pt">
    <A HREF='#261'>Cost of Revenues</A>
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    187
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -9pt; margin-left: 18pt">
    <A HREF='#262'>Operating Expenses</A>
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    188
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -9pt; margin-left: 18pt">
    <A HREF='#263'>Share-Based Compensation</A>
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    189
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -9pt; margin-left: 18pt">
    <A HREF='#264'>Amortization Expenses</A>
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    191
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -9pt; margin-left: 18pt">
    <A HREF='#265'>Taxation</A>
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    191
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -9pt; margin-left: 18pt">
    <A HREF='#266'>Critical Accounting Policies</A>
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    192
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -9pt; margin-left: 18pt">
    <A HREF='#267'>Results of Operations</A>
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    195
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -9pt; margin-left: 18pt">
    <A HREF='#268'>Liquidity and Capital Resources</A>
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    199
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -9pt; margin-left: 18pt">
    <A HREF='#269'>Contractual Obligations</A>
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    202
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -9pt; margin-left: 18pt">
    <A HREF='#270'>Off-Balance Sheet Commitments and Arrangements</A>
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    202
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -9pt; margin-left: 18pt">
    <A HREF='#271'>Holding Company Structure</A>
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    202
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -9pt; margin-left: 18pt">
    <A HREF='#272'>Quantitative and Qualitative Disclosures about
    Market Risk</A>
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    203
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    <A HREF='#273'>INFORMATION ABOUT IDEATION</A>
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    205
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    <A HREF='#274'>IDEATION&#146;S MANAGEMENT&#146;S DISCUSSION AND
    ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS</A>
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    206
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -9pt; margin-left: 18pt">
    <A HREF='#275'>Overview</A>
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    206
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -9pt; margin-left: 18pt">
    <A HREF='#276'>Results of Operations</A>
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    207
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -9pt; margin-left: 18pt">
    <A HREF='#277'>Liquidity and Capital Resources</A>
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    208
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -9pt; margin-left: 18pt">
    <A HREF='#278'>Recent Accounting Pronouncements</A>
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    209
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -9pt; margin-left: 18pt">
    <A HREF='#279'>Critical Accounting Policies</A>
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    212
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    <A HREF='#280'>DIRECTORS AND EXECUTIVE OFFICERS</A>
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    214
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -9pt; margin-left: 18pt">
    <A HREF='#281'>Voting Agreement</A>
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    216
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -9pt; margin-left: 18pt">
    <A HREF='#282'>Independence of Directors</A>
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    217
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -9pt; margin-left: 18pt">
    <A HREF='#344'>Board Committees</A>
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    217
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -9pt; margin-left: 18pt">
    <A HREF='#345'>Financial Experts on Audit Committee</A>
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    218
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -9pt; margin-left: 18pt">
    <A HREF='#346'>Nominating and Corporate Governance Committee</A>
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    218
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -9pt; margin-left: 18pt">
    <A HREF='#347'>Guidelines for Selecting Director Nominees</A>
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    218
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -9pt; margin-left: 18pt">
    <A HREF='#348'>Code of Ethics</A>
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    218
</TD>
</TR>
</TABLE>


<P align="center" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <BR>
    iv
</DIV><!-- END PAGE WIDTH -->
<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>

<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->

<DIV align="left"><FONT size="1">

</FONT></DIV>

<TABLE border="0" width="100%" align="center" cellpadding="0" cellspacing="0" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
<!-- Table Width Row BEGIN -->
<TR style="font-size: 1pt" valign="bottom">
    <TD width="95%">&nbsp;</TD>	<!-- colindex=01 type=maindata -->
    <TD width="2%">&nbsp;</TD>	<!-- colindex=02 type=gutter -->
    <TD width="3%">&nbsp;</TD>	<!-- colindex=02 type=maindata -->
</TR>
<!-- Table Width Row END -->
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -9pt; margin-left: 18pt">
    <A HREF='#283'>Compensation of Officers and Directors</A>
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    218
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -9pt; margin-left: 9pt">
    <A HREF='#284'>CERTAIN RELATIONSHIPS AND RELATED PARTY
    TRANSACTIONS</A>
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    219
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -9pt; margin-left: 18pt">
    <A HREF='#285'>Ideation Related Party Transactions</A>
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    219
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -9pt; margin-left: 18pt">
    <A HREF='#286'>Other Conflicts of Interest</A>
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    221
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -9pt; margin-left: 18pt">
    <A HREF='#287'>SearchMedia Related Party Transactions</A>
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    224
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -9pt; margin-left: 18pt">
    <A HREF='#288'>Contractual Arrangements with Jingli Shanghai and
    its Shareholders</A>
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    224
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -9pt; margin-left: 18pt">
    <A HREF='#289'>Contractual Arrangements with Each of Sige, Dale
    and Conghui and their Respective Shareholders</A>
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    225
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -9pt; margin-left: 18pt">
    <A HREF='#290'>Transactions with SearchMedia&#146;s
    Shareholders, Senior Management Personnel and Affiliated
    Entities of Companies Acquired by Shanghai Jingli</A>
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    225
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -9pt; margin-left: 18pt">
    <A HREF='#350'>Issuance of promissory notes to affiliates of
    Ideation and SearchMedia</A>
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    226
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -9pt; margin-left: 18pt">
    <A HREF='#291'>Shareholders Agreement</A>
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    226
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -9pt; margin-left: 18pt">
    <A HREF='#292'>Share Incentives</A>
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    227
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -9pt; margin-left: 9pt">
    <A HREF='#293'>BENEFICIAL OWNERSHIP OF SECURITIES</A>
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    229
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -9pt; margin-left: 18pt">
    <A HREF='#294'>Security Ownership of Ideation</A>
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    229
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -9pt; margin-left: 18pt">
    <A HREF='#295'>Security Ownership of SearchMedia</A>
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    231
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -9pt; margin-left: 18pt">
    <A HREF='#296'>Security Ownership of the Combined Company after
    the Redomestication and Business Combination</A>
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    232
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -9pt; margin-left: 9pt">
    <A HREF='#297'>DESCRIPTION OF IDEATION&#146;S SECURITIES</A>
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    233
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -9pt; margin-left: 18pt">
    <A HREF='#298'>General</A>
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    233
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -9pt; margin-left: 18pt">
    <A HREF='#299'>Units</A>
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    233
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -9pt; margin-left: 18pt">
    <A HREF='#300'>Common Stock</A>
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    234
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -9pt; margin-left: 18pt">
    <A HREF='#301'>Preferred Stock</A>
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    234
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -9pt; margin-left: 18pt">
    <A HREF='#302'>Warrants</A>
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    235
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -9pt; margin-left: 9pt">
    <A HREF='#303'>DESCRIPTION OF ID CAYMAN&#146;S SECURITIES
    FOLLOWING THE BUSINESS COMBINATION</A>
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    237
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -9pt; margin-left: 18pt">
    <A HREF='#304'>General</A>
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    237
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -9pt; margin-left: 18pt">
    <A HREF='#305'>Rights, Preferences and Restrictions of ID
    Cayman&#146;s Ordinary Shares</A>
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    237
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -9pt; margin-left: 18pt">
    <A HREF='#307'>Warrants</A>
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    238
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -9pt; margin-left: 18pt">
    <A HREF='#308'>General Meetings of Shareholders</A>
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    238
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -9pt; margin-left: 18pt">
    <A HREF='#309'>Transfers of shares</A>
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    238
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -9pt; margin-left: 18pt">
    <A HREF='#310'>Inspection of books and records</A>
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    238
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -9pt; margin-left: 18pt">
    <A HREF='#311'>Transfer Agent and Warrant Agent</A>
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    239
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -9pt; margin-left: 9pt">
    <A HREF='#312'>STOCKHOLDER PROPOSALS</A>
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    239
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -9pt; margin-left: 9pt">
    <A HREF='#313'>LEGAL MATTERS</A>
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    239
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -9pt; margin-left: 9pt">
    <A HREF='#314'>EXPERTS</A>
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    239
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -9pt; margin-left: 9pt">
    <A HREF='#315'>DELIVERY OF DOCUMENTS TO STOCKHOLDERS</A>
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    240
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -9pt; margin-left: 9pt">
    <A HREF='#316'>WHERE YOU CAN FIND MORE INFORMATION</A>
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    240
</TD>
</TR>
<TR valign="bottom" style="line-height: 9pt">
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -9pt; margin-left: 9pt">
    ANNEXES
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -9pt; margin-left: 9pt">
    A-1&#160;&#151;&#160;Agreement and Plan of Merger, Conversion
    and Share Exchange
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -9pt; margin-left: 9pt">
    A-2&#160;&#151;&#160;First Amendment to Agreement and Plan of
    Merger, Conversion and Share Exchange
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -9pt; margin-left: 9pt">
    A-3&#160;&#151;&#160;Second Amendment to Agreement and Plan of
    Merger, Conversion and Share Exchange
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -31pt; margin-left: 31pt">
    A-4&#160;&#151;&#160;Third Amendment to Agreement and Plan of
    Merger, Conversion and Share Exchange
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -9pt; margin-left: 9pt">
    B&#160;&#160;&#151;&#160;Form of SearchMedia Holdings Limited
    Memorandum and Articles of Association
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -9pt; margin-left: 9pt">
    C&#160;&#160;&#151;&#160;Form of SearchMedia Holdings Limited
    Warrant
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -9pt; margin-left: 9pt">
    D&#160;&#160;&#151;&#160;ID Arizona Corp. Articles of
    Incorporation
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -9pt; margin-left: 9pt">
    E&#160;&#160;&#151;&#160;ID Arizona Corp. Bylaws
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -9pt; margin-left: 9pt">
    F&#160;&#160;&#151;&#160;Form of Voting Agreement
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -9pt; margin-left: 9pt">
    G&#160;&#160;&#151;&#160;Form of
    <FONT style="white-space: nowrap">Lock-Up</FONT>
    Agreement
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -9pt; margin-left: 9pt">
    H&#160;&#160;&#151;&#160;Form of Registration Rights Agreement
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -9pt; margin-left: 9pt">
    I&#160;&#160;&#160;&#151;&#160;The Amended and Restated
    SearchMedia Holdings Limited 2008&#160;Share Incentive Plan
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -9pt; margin-left: 9pt">
    J&#160;&#160;&#160;&#151;&#160;Opinion of Richards, Layton
    &#038; Finger, P.A.
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -27pt; margin-left: 27pt">
    K&#160;&#160;&#151;&#160;Letter Agreement, dated
    September&#160;8, 2009, by and among Ideation and certain
    investors of Ideation and SM&#160;Cayman
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -26pt; margin-left: 26pt">
    L&#160;&#160;&#151;&#160;Form of Certificate of Amendment to the
    Amended and Restated Certificate of Incorporation of Ideation
    Acquisition Corp.
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
</TR>
<TR><TD colspan="9"><FONT size="2">&nbsp;<A HREF="g18264a4exv5w1.htm">EX-5.1</A></FONT></TD></TR>
<TR><TD colspan="9"><FONT size="2">&nbsp;<A HREF="g18264a4exv5w2.htm">EX-5.2</A></FONT></TD></TR>
<TR><TD colspan="9"><FONT size="2">&nbsp;<A HREF="g18264a4exv5w3.htm">EX-5.3</A></FONT></TD></TR>
<TR><TD colspan="9"><FONT size="2">&nbsp;<A HREF="g18264a4exv8w1.htm">EX-8.1</A></FONT></TD></TR>
<TR><TD colspan="9"><FONT size="2">&nbsp;<A HREF="g18264a4exv23w1.htm">EX-23.1</A></FONT></TD></TR>
<TR><TD colspan="9"><FONT size="2">&nbsp;<A HREF="g18264a4exv23w2.htm">EX-23.2</A></FONT></TD></TR>
<TR><TD colspan="9"><FONT size="2">&nbsp;<A HREF="g18264a4exv23w3.htm">EX-23.3</A></FONT></TD></TR>
<TR><TD colspan="9"><FONT size="2">&nbsp;<A HREF="g18264a4exv23w4.htm">EX-23.4</A></FONT></TD></TR>
</TABLE>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">

</DIV>

<DIV align="left"><FONT size="1">

</FONT></DIV>

<DIV align="left">
<!-- /TOC -->
</DIV>

<P align="center" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <BR>
    v
</DIV><!-- END PAGE WIDTH -->
<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>

<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->
<A name='101'>
<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">SUMMARY
    MATERIAL TERMS OF THE TRANSACTION</FONT></B>
</DIV>
</A>
<DIV style="margin-top: 4pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    On March 31, 2009, Ideation, ID Arizona, SM Cayman, Jingli
    Shanghai and certain other parties, including shareholders and
    warrantholders of SM Cayman, entered into a share exchange
    agreement. The share exchange agreement provides for two primary
    transactions: (1)&#160;the redomestication of Ideation from a
    Delaware corporation to a Cayman Islands exempted company and
    (2)&#160;the business combination between ID Cayman and SM
    Cayman, after which SM Cayman will become a wholly owned
    subsidiary of ID Cayman.
</DIV>

<DIV style="margin-top: 4pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    This section summarizes information regarding these transactions
    and other transactions relating to the redomestication and
    business combination. These items are described in greater
    detail elsewhere in this proxy statement/prospectus. <B>You
    should carefully read this entire proxy statement/prospectus and
    the other documents to which you are referred.</B>
</DIV>
<A name='356'>
<DIV style="margin-top: 8pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">The
    Redomestication</FONT></B>
</DIV>
</A>
<DIV style="margin-top: 4pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    The redomestication of Ideation involves two steps:
</DIV>

<DIV style="margin-top: 4pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (i)&#160;Ideation will merge with and into ID Arizona, with ID
    Arizona surviving the merger. We refer to this transaction as
    the Arizona merger.
</DIV>

<DIV style="margin-top: 4pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (ii)&#160;Immediately after the Arizona merger, ID Arizona will
    become a Cayman Islands exempted company, ID Cayman, pursuant to
    a conversion and continuation procedure under Arizona and Cayman
    Islands law. We refer to this transaction as the conversion and
    continuation and, along with the Arizona merger, as the
    redomestication.
</DIV>

<DIV style="margin-top: 4pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">

</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    The redomestication will change Ideation&#146;s domicile from
    Delaware to the Cayman Islands. Also, as a result of the
    redomestication:
</DIV>

<DIV style="margin-top: 4pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="4%"></TD>
    <TD width="2%"></TD>
    <TD width="94%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    Holders of Ideation units will be issued one ID Arizona unit for
    each Ideation unit held at the time of the Arizona merger,
    which, upon the conversion and continuation of ID Arizona to the
    Cayman Islands, will result in such holders holding one ID
    Cayman unit for each ID Arizona unit held at the time of the
    conversion.
</TD>
</TR>


<TR style="line-height: 4pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    Holders of Ideation common stock will be issued one share of ID
    Arizona common stock for each share of Ideation common stock
    held at the time of the Arizona merger, which, upon the
    conversion and continuation of ID Arizona to the Cayman Islands,
    will result in such holders holding one ID Cayman ordinary share
    for each share of ID Arizona common stock held at the time of
    the conversion.
</TD>
</TR>


<TR style="line-height: 4pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    Holders of Ideation warrants will be issued one ID Arizona
    warrant for each Ideation warrant held at the time of the
    Arizona merger, which, upon the conversion and continuation of
    ID Arizona to the Cayman Islands, will result in such holders
    holding one ID Cayman warrant for each ID Arizona warrant held
    at the time of the conversion.
</TD>
</TR>


<TR style="line-height: 4pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    Holders of the Ideation option to purchase 500,000&#160;units,
    consisting of 500,000&#160;shares of common stock and 500,000
    warrants, will be issued one ID Arizona option to purchase
    500,000&#160;units, consisting of 500,000&#160;shares of common
    stock and 500,000 warrants, which, upon the conversion and
    continuation of ID Arizona to the Cayman Islands, will result in
    such holders holding one ID Cayman option to purchase
    500,000&#160;units, consisting of 500,000 ordinary shares and
    500,000 warrants of ID Cayman.
</TD>
</TR>

</TABLE>

<DIV style="margin-top: 4pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    This proxy statement/prospectus covers the following ID Arizona
    securities that will be issued to Ideation stockholders in the
    Arizona merger:
</DIV>

<DIV style="margin-top: 2pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="4%"></TD>
    <TD width="2%"></TD>
    <TD width="94%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    An aggregate of 12,500,000 shares of common stock issued to the
    holders of (a)&#160;the 10,000,000&#160;shares of Ideation
    common stock issued as part of the units issued in
    Ideation&#146;s initial public offering, or IPO, and
    (b)&#160;the 2,500,000&#160;shares of Ideation common stock
    issued to the founders of Ideation upon its incorporation.
</TD>
</TR>


<TR style="line-height: 2pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    An aggregate of 12,400,000 warrants issued to the holders of
    (a)&#160;the 10,000,000 warrants issued by Ideation as part of
    the units issued in Ideation&#146;s IPO and (b)&#160;the
    2,400,000 warrants issued by Ideation in a private placement
    transaction that occurred simultaneously with its IPO. This
    proxy statement/prospectus also covers 12,400,000 shares of
    common stock issuable upon the exercise of those warrants. A
    portion of the Ideation common stock and warrants may be held as
    units consisting of one
</TD>
</TR>

</TABLE>

<P align="left" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">

</DIV><!-- END PAGE WIDTH -->
<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>

<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="6%"></TD>
    <TD width="2%"></TD>
    <TD width="92%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>
</TD>
    <TD align="left">
    share of common stock and one warrant, which units are also
    covered by this proxy statement/prospectus.
</TD>
</TR>

</TABLE>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="4%"></TD>
    <TD width="2%"></TD>
    <TD width="94%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    An option to purchase 500,000&#160;units, consisting of 500,000
    shares of common stock and 500,000 warrants, issuable to the
    representatives of the underwriters of Ideation&#146;s IPO, each
    of which holds an identical option from Ideation.
</TD>
</TR>

</TABLE>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    As soon as practicable after the redomestication, ID Cayman will
    file with the Securities and Exchange Commission a
    post-effective amendment to the registration statement of which
    this proxy statement/prospectus forms a part, expressly adopting
    the registration statement as its own for all purposes of the
    Securities Act of 1933 and the Securities Exchange Act of 1934,
    each as amended, including the registration of ID Cayman
    securities, which will then be held by former Ideation
    stockholders as a result of the redomestication.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    The redomestication of Ideation is being submitted to the vote
    of Ideation stockholders and will be approved if stockholders
    representing a majority of the shares of Ideation that are
    issued and outstanding vote <B>&#147;FOR&#148; </B>the proposal.
    The redomestication will take place only if the Business
    Combination Proposal is approved.
</DIV>
<A name='357'>
<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">The
    Business Combination</FONT></B>
</DIV>
</A>
<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    After completing the redomestication, ID Cayman will complete
    the business combination with the SM Cayman shareholders, in
    which:
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="4%"></TD>
    <TD width="2%"></TD>
    <TD width="94%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    After giving effect to conversion of the preferred shares of SM
    Cayman, at closing, ID Cayman will acquire 98,652,365 ordinary
    shares of SM Cayman, representing 100% of SM Cayman shares in
    issue.
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    SM Cayman shareholders will receive 6,662,727 ordinary shares of
    ID Cayman.
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    SM Cayman warrantholders will receive warrants to purchase
    1,519,186 ordinary shares of ID Cayman.
</TD>
</TR>


<TR style="line-height: 3pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    SM Cayman option holders will receive options to purchase
    566,939 ordinary shares of ID Cayman.
</TD>
</TR>


<TR style="line-height: 3pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    SM Cayman holders of restricted share awards will receive
    261,179 restricted share awards of ID Cayman.
</TD>
</TR>


<TR style="line-height: 3pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    Certain SM Cayman noteholders will receive 1,712,874 ordinary
    shares of ID Cayman and warrants to purchase 428,219 ordinary
    shares of ID Cayman.
</TD>
</TR>

</TABLE>

<DIV style="margin-top: 3pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    In connection with the redomestication and the business
    combination, stockholders will be asked to approve an amendment
    to Section&#160;D of Article Sixth of Ideation&#146;s Amended
    and Restated Certificate of Incorporation to provide conversion
    rights to holders of IPO Shares upon approval of the business
    combination, regardless of whether such holder voted for or
    against the business combination. It is important to note that
    the charter amendment, if approved, would not change the voting
    standard for a business combination under Ideation&#146;s
    Certificate of Incorporation, in that the business combination
    will not be approved if 30% or more of the holders of IPO Shares
    both vote against the transaction and elect to convert their IPO
    Shares.
</DIV>

<DIV style="margin-top: 3pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    The Business Combination Proposal will be submitted to the vote
    of Ideation stockholders only if both the Charter Amendment
    Proposal and the Redomestication Proposal are approved. If it
    comes to a vote, the Business Combination Proposal will be
    approved and the business combination completed only if
    (1)&#160;the Business Combination Proposal is approved by a
    majority of the IPO Shares voted at a duly held stockholders
    meeting in person or by proxy, (2)&#160;the Business Combination
    Proposal is approved by a majority of the votes cast on the
    proposal, and (3)&#160;stockholders representing less than 30%
    of the IPO Shares both (a) vote against the business combination
    and (b)&#160;exercise their conversion rights to have their
    shares of common stock converted to cash. The closing of the
    business combination is also subject to the satisfaction by each
    party of various other conditions as set forth in the share
    exchange agreement and discussed in detail below.
</DIV>
<A name='358'>
<DIV style="margin-top: 3pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">Conversion
    Rights</FONT></B>
</DIV>
</A>
<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    If the business combination is approved and completed, any
    stockholder holding IPO Shares who properly demands conversion
    of those shares will be entitled to convert those shares to
    cash, whether such stockholder voted for or against the Business
    Combination Proposal. Stockholders who properly demand
    conversion of their IPO Shares will receive $7.8815 per share,
    which represents the trust conversion value at June&#160;30,
    2009.
</DIV>

<P align="center" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <BR>
    2
</DIV><!-- END PAGE WIDTH -->
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<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>

<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->


<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    To properly demand conversion of your IPO Shares, you must:
</DIV>



<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (1)&#160;vote those shares, in person or by proxy, either
    &#147;<B>FOR</B>&#148; or &#147;<B>AGAINST</B>&#148; the
    business combination;
</DIV>



<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (2)&#160;affirmatively request conversion of those shares by
    marking the appropriate box on your proxy card, voting
    instruction form, or ballot;&#160;and
</DIV>



<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (3)&#160;deliver, or instruct your bank or broker to deliver,
    your IPO Shares to Ideation&#146;s transfer agent before the
    special meeting.
</DIV>



<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Stockholders holding IPO Shares who abstain or do not vote their
    IPO Shares on the business combination will forfeit their right
    to convert those shares if the business combination is approved.
    Both of the Charter Amendment Proposal and the Redomestication
    Proposal must be approved in order to complete the business
    combination and, as such, the vote to approve the business
    combination will not occur unless both the Charter Amendment
    Proposal and the Redomestication Proposal are approved.
</DIV>



<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    If the business combination is not approved and completed, then
    no conversion rights will be available at this time.
    Ideation&#146;s Amended and Restated Certificate of
    Incorporation provides that if a business combination is not
    completed by November&#160;19, 2009, Ideation will be
    liquidated. If Ideation liquidates on November&#160;19, 2009,
    holders of IPO Shares will receive $7.8815 per share, which
    represents the trust liquidation value at June&#160;30, 2009.
</DIV>


<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">Ownership
    of ID Cayman following completion of the Business
    Combination</FONT></B>
</DIV>

<DIV style="margin-top: 3pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    The following chart sets forth the parties to the
    redomestication and business combination transactions:
</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <IMG src="g18264a4g1826401.gif" alt="(CHART)">
</DIV>


<DIV style="margin-top: 3pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    If the business combination is approved, based on the trading
    price of Ideation common stock at September&#160;21, 2009, and
    using the treasury method to account for the warrants, options,
    and restricted share awards to be issued, the aggregate value of
    the securities to be issued as consideration at the closing of
    the business combination (inclusive of the maximum number of
    earn-out shares to be issued) will be $157.0&#160;million.
</DIV>



<DIV style="margin-top: 3pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Upon the closing of the business combination, under the treasury
    method and using the trust liquidation value per share of
    $7.8815, assuming no stockholders owning IPO Shares elect to
    convert those shares to cash, the current shareholders of SM
    Cayman are expected to own an aggregate of 39.1% of the basic
    and 37.5% of the fully diluted issued and outstanding shares of
    ID Cayman, assuming no earn-out shares are issued. Assuming the
    maximum number of earn-out shares are issued, the current
    shareholders of SM Cayman are expected to own an aggregate of
    59.0% of the basic and 55.5% of the fully diluted issued and
    outstanding shares of ID Cayman.
</DIV>



<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Assuming the business combination is approved but all
    stockholders owning IPO Shares, except for The Frost Group, LLC,
    its affiliates and others owning IPO Shares purchased in
    satisfaction of the Sponsor Purchase Commitment Amount, as
    defined below, exercise their conversion rights, the current
    shareholders of SM Cayman are expected to own an aggregate of
    70.0% of the basic and 59.2% of the fully diluted issued and
    outstanding shares of ID Cayman, if no earn-out shares are
    issued. Assuming the maximum number of earn-out shares are
    issued, the current shareholders of SM Cayman are expected to
    own an aggregate of 83.9% of the basic and 75.2% of the fully
    diluted issued and outstanding shares of ID Cayman. In each case
    discussed
</DIV>


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    <BR>
    3
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<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    above, the percentages include ID Cayman shares issuable upon
    the conversion of interim financing notes held by CSV, certain
    affiliates of Ideation, and members of SearchMedia&#146;s
    management team.
</DIV>


<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Upon the closing of the business combination, under the treasury
    method and using the trust liquidation value per share of
    $7.8815, assuming no stockholder owning IPO Shares elects to
    convert those shares to cash, current Ideation stockholders are
    expected to beneficially own 60.9% of the basic and 62.5% of the
    fully diluted issued and outstanding ordinary shares of ID
    Cayman, assuming no earn-out shares are issued. Assuming the
    maximum number of earn-out shares are issued, current Ideation
    stockholders are expected to beneficially own 41.0% of the basic
    and 44.5% of the fully diluted issued and outstanding ordinary
    shares of ID Cayman.
</DIV>



<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Assuming the business combination is approved but all
    stockholders owning IPO Shares, except for The Frost Group, LLC,
    its affiliates and others owning IPO Shares purchased in
    satisfaction of the Sponsor Purchase Commitment Amount, as
    defined below, exercise their conversion rights, current
    Ideation stockholders are expected to beneficially own 30.0% of
    the basic and 40.8% of the fully diluted issued and outstanding
    ordinary shares of ID Cayman, if no earn-out shares are issued.
    Assuming the maximum number of earn-out shares are issued,
    current Ideation stockholders are expected to beneficially own
    16.1% of the basic and 24.8% of the fully diluted issued and
    outstanding ordinary shares of ID Cayman.
</DIV>

<A name='102'>
<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">Ideation
    and Sponsor Purchases</FONT></B>
</DIV>
</A>
<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    After April&#160;1, 2009, Ideation may seek to purchase, or
    enter into contracts to purchase, shares of Ideation common
    stock either in the open market or in privately negotiated
    transactions. Any such purchases and contracts would be effected
    pursuant to a 10b(5)-1 plan or at a time when Ideation, its
    initial stockholders or their affiliates are not aware of
    material nonpublic information regarding Ideation or its
    securities. Such purchases could involve the incurrence of
    indebtedness by Ideation, payment of significant fees or
    interest payments or the issuance of any additional Ideation
    securities. Any purchases other than ordinary course purchases
    require the prior approval of the SM Cayman shareholders&#146;
    representatives, which approval may not be unreasonably withheld
    or delayed. If such approval is unreasonably withheld or delayed
    under certain circumstances, the obligation of The Frost Group,
    LLC to make sponsor purchases (discussed below) will terminate.
    An ordinary course purchase is a forward purchase between
    Ideation and a non-affiliate Ideation stockholder in which
    Ideation will purchase some or all of such stockholders&#146;
    shares of Ideation after closing, which contracts are not
    binding on SM Cayman or its assets. A condition to the closing
    of such contracts will be that all shares purchased would be
    voted in favor of the business combination. These purchases or
    arrangements could result in an expenditure of a substantial
    amount of funds in the trust account. Any share purchases by
    Ideation from existing Ideation stockholders would increase the
    post-transaction percentage of ID Cayman equity held by the
    current shareholders of SM Cayman.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Commencing on April&#160;1, 2009 and continuing until no later
    than 4:30&#160;p.m.&#160;Eastern standard time on the day that
    is two business days before the special meeting of Ideation
    stockholders, The Frost Group, LLC, through itself, its
    affiliates or others, will purchase
    <FONT style="white-space: nowrap">and/or</FONT> enter
    into forward contracts to purchase shares of Ideation common
    stock in the open market or in privately negotiated transactions
    in an amount, which we refer to as the Sponsor Purchase
    Commitment Amount, equal to the lesser of (i)&#160;an aggregate
    expenditure of $18.25&#160;million and (ii)&#160;an amount that,
    when combined with certain purchases of Ideation common stock by
    Ideation, certain warrant exercises (as described below), and
    proxies delivered by Ideation stockholders not electing their
    conversion rights would result in ID Cayman having an aggregate
    of not less than $18.25&#160;million in cash available to it in
    its trust account (or other accounts) after the closing of the
    business combination and before payment of expenses. Such
    purchases will be conducted in compliance with the Securities
    Act of 1933, as amended, which we refer to as the Securities
    Act, the Securities Exchange Act of 1934, as amended, which we
    refer to as the Exchange Act, and any other applicable law.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    The Frost Group, LLC, through itself, its affiliates, or others,
    owns 777,900 IPO Shares consisting of
    (i)&#160;250,000&#160;shares acquired as part of
    250,000&#160;units purchased in the IPO,
    (ii)&#160;206,800&#160;shares purchased between the date of the
    IPO and March&#160;31, 2009, and (iii)&#160;321,100&#160;shares
    purchased between April&#160;1, 2009 and September&#160;8, 2009
    pursuant to the arrangements described above. In addition, The
    Frost Group, LLC, through itself, its affiliates, or others, has
    purchased warrants to acquire 1,291,200&#160;shares (including
    250,000 warrants acquired as part of 250,000&#160;units
    purchased in the IPO). The aggregate amount of shares and
</DIV>

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    <BR>
    4
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<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    warrants purchased pursuant to the arrangements described above
    and the total number of IPO Shares held by The Frost Group, LLC,
    through itself, its affiliates, or others will be disclosed to
    Ideation stockholders in a Current Report on Form&#160;8-K as
    soon as practicable before the open of trading on the NYSE Amex
    on the day that is one business day before the special meeting
    of Ideation stockholders. We acknowledge that the timing of this
    disclosure limits the amount of time Ideation stockholders will
    have to consider the impact of these purchases before such
    stockholders submit a proxy, revoke a previously submitted proxy
    or otherwise vote on the proposals to be considered at the
    special meeting.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    To the extent that The Frost Group, LLC, through itself, its
    affiliates or others, has not otherwise satisfied the Sponsor
    Purchase Commitment Amount by the day that is two days before
    the special meeting of Ideation stockholders, The Frost Group,
    LLC through itself, its affiliates or others may satisfy this
    obligation before the closing of the business combination by
    delivering into an escrow account irrevocable written notices to
    exercise all or any of the Ideation public warrants held by such
    persons, together with the cash exercise price therefor, in an
    amount up to the amount necessary to satisfy the Sponsor
    Purchase Commitment Amount. Public warrants are warrants which
    formed part of the units purchased in Ideation&#146;s IPO. Any
    such public warrant exercises will be effective immediately
    after the closing of the business combination, and would result
    in additional cash to Ideation. To the extent that The Frost
    Group, LLC, through itself, its affiliates or others, does not
    otherwise satisfy the Sponsor Purchase Commitment Amount,
    Ideation has agreed to sell shares of Ideation common stock at a
    per share price of $7.8815 to The Frost Group LLC, its
    affiliates or others as necessary to satisfy the Sponsor
    Purchase Commitment Amount, which would result in additional
    cash to Ideation. Such purchases may be made, as necessary, up
    to ten days after the closing of the business combination
    pursuant to a purchase agreement with customary registration
    rights.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Any sponsor purchases of Ideation shares in the open market
    would have no impact on the post-transaction ownership of ID
    Cayman by current SM Cayman shareholders. Any sponsor purchase
    from Ideation, through public warrant exercises or otherwise,
    would decrease the post-transaction percentage of ID Cayman
    interests held by the current shareholders of SM Cayman.
</DIV>
<A name='359'>
<DIV style="margin-top: 3pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">ID Cayman
    New Warrants</FONT></B>
</DIV>
</A>
<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    In consideration of the Sponsor Purchase Commitment Amount and
    the commitment of the interim noteholders and holder of the
    Linden Note, whom we refer to collectively as the Converting
    Noteholders, to convert such notes to ordinary shares of ID
    Cayman, the Frost Group, LLC and its affiliates and the
    Converting Noteholders shall, immediately prior to closing of
    the business combination, be issued a warrant to purchase 0.25
    of an ID Cayman share for each share purchased in satisfaction
    of the Sponsor Purchase Commitment Amount or acquired upon
    conversion of such notes. The exercise price per whole ID Cayman
    share underlying such warrants shall be $7.8815, and the
    aggregate number of shares underlying such warrants held by any
    particular warrantholder shall be rounded up to the nearest
    whole share.
</DIV>
<A name='360'>
<DIV style="margin-top: 3pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">Post-Closing
    Financing</FONT></B>
</DIV>
</A>
<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Ideation has entered into a letter agreement with the interim
    noteholders and the holder of the Linden Note, whom we refer
    collectively as the Converting Noteholders, and The Frost Group,
    LLC. Pursuant to the letter agreement, if at any time during the
    two years following the closing of the business combination, ID
    Cayman issues any preferred shares or other equity securities
    (including securities convertible into or exchangeable for
    preferred shares or other equity securities), the parties to the
    letter agreement will have the right to exchange, for such
    securities, any ordinary shares of ID Cayman acquired by them as
    a result of:
</DIV>

<DIV style="margin-top: 3pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="8%"></TD>
    <TD width="4%"></TD>
    <TD width="88%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    (1)&#160;
</TD>
    <TD align="left">
    conversion of an interim note from SM Cayman or the Linden Note;
</TD>
</TR>


<TR style="line-height: 3pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    (2)&#160;
</TD>
    <TD align="left">
    warrant exercises to satisfy the Sponsor Purchase Commitment
    Amount; or
</TD>
</TR>


<TR style="line-height: 3pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    (3)&#160;
</TD>
    <TD align="left">
    open market purchases or new issuances of Ideation shares to
    satisfy the Sponsor Purchase Commitment Amount,
</TD>
</TR>

</TABLE>

<DIV style="margin-top: 3pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    up to the amount of such issuance by ID Cayman. The valuation of
    the exchanged ordinary shares will be $7.8815 per share.
    Ideation will enter into the same letter agreement with any
    other person or entity that purchases Ideation shares in
    satisfaction of the Sponsor Purchase Commitment Amount after the
    date hereof.
</DIV>

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    <BR>
    5
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<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->
<A name='103'>
<DIV align="left" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">Accounting
    Treatment</FONT></B>
</DIV>
</A>
<DIV style="margin-top: 3pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    The business combination will be accounted for as a reverse
    recapitalization, whereby SM Cayman will be the continuing
    entity for financial reporting purposes and will be deemed to be
    the accounting acquirer of Ideation.
</DIV>


<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    The business combination is being accounted for as a reverse
    recapitalization because (i)&#160;after the redomestication and
    business combination, the former shareholders of SM Cayman will
    have actual or effective voting and operating control of ID
    Cayman, as SearchMedia&#146;s operations will comprise the
    ongoing operations of ID Cayman, and the senior management of
    SearchMedia will continue to serve as the senior management of
    ID Cayman, and (ii)&#160;Ideation has no prior operations and
    was formed for the purpose of effecting a business combination
    such as the proposed business combination with SearchMedia. In
    accordance with the applicable accounting guidance for
    accounting for the business combination as a reverse
    recapitalization, initially SM Cayman will be deemed to have
    undergone a recapitalization, whereby its outstanding ordinary
    shares and warrants will be converted into 6,662,727 ordinary
    shares of ID Cayman and 1,519,186 ID Cayman warrants.
    Immediately thereafter, ID Cayman, as the legal parent company
    of SM Cayman, which is the continuing accounting entity, will be
    deemed to have acquired the assets and assumed the liabilities
    of Ideation in exchange for the issuance of ID Cayman
    securities, which will be identical in number and terms and
    similar in rights to the outstanding securities of Ideation,
    provided that, although the securities are similar in rights,
    significant differences are discussed in the section titled
    &#147;The Redomestication Proposal&#160;&#151; Differences of
    Stockholders Rights.&#148; However, although ID Cayman, as the
    legal parent company of SearchMedia, will be deemed to have
    acquired Ideation, in accordance with the applicable accounting
    guidance for accounting for a reverse recapitalization,
    Ideation&#146;s assets and liabilities will be recorded at their
    historical carrying amounts, which approximate their fair value,
    with no goodwill or other intangible assets recorded.
</DIV>

<A name='104'>
<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">Other
    Matters</FONT></B>
</DIV>
</A>
<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    At the closing of the business combination, ID Cayman will enter
    into the following agreements:
</DIV>


<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="4%"></TD>
    <TD width="2%"></TD>
    <TD width="94%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    <FONT style="white-space: nowrap">Lock-up</FONT>
    agreements with all of the SearchMedia shareholders and
    warrantholders and ID&#160;Cayman directors designated by the SM
    shareholders&#146; representatives. These
    <FONT style="white-space: nowrap">lock-up</FONT>
    agreements provide that parties bound to such agreements may not
    sell or otherwise transfer any of the shares of ID Cayman,
    securities convertible into or exchangeable or exercisable for
    shares of ID&#160;Cayman, or shares underlying such securities
    held by them or received in connection with the business
    combination, subject to exceptions for underwritten offerings
    and transfers by the SearchMedia shareholders that are in
    compliance with applicable federal and state securities laws to
    persons who agree in writing to be bound by the terms of the
    <FONT style="white-space: nowrap">lock-up</FONT>
    agreement. The SearchMedia non-management shareholders are bound
    by such
    <FONT style="white-space: nowrap">lock-up</FONT>
    restrictions for a period of six months from the closing date
    with respect to 25% of such securities and 12&#160;months from
    the closing date with respect to the remaining 75% of such
    securities; provided that with respect to shares or other
    securities acquired (or underlying securities acquired) by CSV
    in exchange for SM Cayman warrants, SM Cayman preferred shares
    or other SM Cayman securities exercisable for, or convertible
    into, SM Cayman ordinary shares, CSV will be subject to the same
    <FONT style="white-space: nowrap">lock-up</FONT>
    period as the other non-management shareholders, and with
    respect to shares acquired by CSV in exchange for SM Cayman
    ordinary shares held by it immediately prior to the closing of
    the business combination, the
    <FONT style="white-space: nowrap">lock-up</FONT>
    period shall apply until twelve months from the closing date
    with respect to 10% of such shares, eighteen months from the
    closing date with respect to 15% of such shares and twenty-four
    months from the closing date with respect to the remaining 75%
    of such shares. In addition, 1,268,795&#160;ordinary shares and
    396,826 warrants of ID Cayman (and shares underlying such
    warrants) issuable to Linden Ventures&#160;II (BVI) Ltd., which
    we refer to as Linden Ventures, as a warrantholder and upon
    conversion of the Linden Note pursuant to the share exchange
    agreement, will be subject to
    <FONT style="white-space: nowrap">lock-up</FONT> for
    six months. The management shareholders and warrantholders and
    the ID Cayman directors designated by the SM Cayman
    shareholders, as well as SM&#160;Cayman optionees who exercise
    their options or restricted share award holders whose shares
    vest during the one&#160;year after closing, are subject to such
    <FONT style="white-space: nowrap">lock-up</FONT>
    restrictions for 12&#160;months after the closing date with
    respect to the shares or other securities received in connection
    with the business combination or
</TD>
</TR>

</TABLE>


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    <BR>
    6
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<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->


<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="4%"></TD>
    <TD width="2%"></TD>
    <TD width="94%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>
</TD>
    <TD align="left">
     underlying securities received in connection with the business
    combination, provided, that with respect to Le Yang and Qinying
    Liu, the
    <FONT style="white-space: nowrap">lock-up</FONT>
    period shall apply from 12&#160;months after the closing of the
    share exchange agreement with respect to ten percent (10%) of
    the shares or other securities received in connection with the
    business combination or underlying securities received in
    connection with the business combination, 18&#160;months after
    the closing of the share exchange agreement with respect to
    fifteen percent (15%) of such securities, and 24&#160;months
    after the closing of the share exchange agreement with respect
    to the remaining seventy-five percent (75%) of such securities.
</TD>
</TR>

</TABLE>


<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="4%"></TD>
    <TD width="2%"></TD>
    <TD width="94%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    A voting agreement that provides, among other things, that for a
    period commencing on the closing of the business combination and
    ending no sooner than the third anniversary of the date of the
    voting agreement, each SearchMedia shareholder and warrantholder
    will agree to vote in favor of the director nominees nominated
    by the Ideation representative as provided in the share exchange
    agreement, and certain significant shareholders of Ideation will
    agree to vote in favor of the director nominees nominated by the
    SM Cayman shareholders&#146; representatives.
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    A registration rights agreement pursuant to which the
    SearchMedia shareholders will be entitled to registration rights
    for their ID Cayman ordinary shares, including ordinary shares
    underlying warrants and preferred shares, received in connection
    with the business combination.
</TD>
</TR>

</TABLE>
<A name='105'>
<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">Enforceability
    of Civil Liabilities Against Foreign Persons</FONT></B>
</DIV>
</A>
<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    ID Cayman will be a company registered by way of continuance as
    an exempted company under the laws of the Cayman Islands and,
    upon completion of the business combination with SearchMedia,
    its subsidiaries and operating companies will be incorporated
    under the laws of the Cayman Islands and the People&#146;s
    Republic of China, which we refer to as PRC or China, and will
    operate only in the PRC. Substantially all of the assets of ID
    Cayman and its subsidiaries, including those of the SearchMedia
    entities, will be located in the PRC, and the majority of ID
    Cayman&#146;s officers and directors named in this proxy
    statement/prospectus will reside outside the United States and
    all or a substantial portion of the assets of these persons will
    or may be located outside the United States.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    It will be difficult for investors to enforce outside the United
    States a judgment against ID Cayman or its subsidiaries or its
    assets obtained in the United States in any actions, including
    actions predicated upon the civil liability provisions of the
    federal securities laws of the United States or of the
    securities laws of any state of the United States. In addition,
    it may not be possible for investors to effect service of
    process within the United States upon them, or to enforce
    against them any judgments obtained in United States courts,
    including judgments predicated upon the civil liability
    provisions of the federal securities laws of the United States
    or of the securities laws of any state of the United States.
</DIV>

<P align="center" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <BR>
    7
</DIV><!-- END PAGE WIDTH -->
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<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>

<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->

<A name='106'>
<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">QUESTIONS
    AND ANSWERS ABOUT THE IDEATION SPECIAL MEETING</FONT></B>
</DIV>


</A>
<DIV style="margin-top: 2pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    The Questions and Answers below are only summaries of matters
    described in this proxy statement/prospectus. They do not
    contain all of the information that may be important to you. You
    should read carefully the entire document, including the annexes
    to this proxy statement/prospectus.
</DIV>


<DIV style="margin-top: 2pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF"><!-- TABLE 06 -->

<TR>
    <TD width="3%"></TD>
    <TD width="1%"></TD>
    <TD width="96%"></TD>
</TR>

<TR>
    <TD valign="top">
    <B>Q.</B> </TD>
    <TD></TD>
    <TD valign="bottom">
    <B>When and where will the special meeting be held?</B></TD>
</TR>

</TABLE>


<DIV style="margin-top: 2pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF"><!-- TABLE 06 -->

<TR>
    <TD width="3%"></TD>
    <TD width="1%"></TD>
    <TD width="96%"></TD>
</TR>

<TR>
    <TD valign="top">
    A. </TD>
    <TD></TD>
    <TD valign="bottom">
    The meeting will be held at 8:30 am Eastern time on
    October&#160;27, 2009 at the offices of Akerman Senterfitt, One
    Southeast
    3<SUP style="font-size: 85%; vertical-align: top">rd</SUP>&#160;Avenue,

    Miami, Florida 33131.</TD>
</TR>

</TABLE>


<DIV style="margin-top: 2pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF"><!-- TABLE 06 -->

<TR>
    <TD width="3%"></TD>
    <TD width="1%"></TD>
    <TD width="96%"></TD>
</TR>

<TR>
    <TD valign="top">
    <B>Q.</B> </TD>
    <TD></TD>
    <TD valign="bottom">
    <B>What is the record date for the special meeting?</B></TD>
</TR>

</TABLE>


<DIV style="margin-top: 2pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF"><!-- TABLE 06 -->

<TR>
    <TD width="3%"></TD>
    <TD width="1%"></TD>
    <TD width="96%"></TD>
</TR>

<TR>
    <TD valign="top">
    A. </TD>
    <TD></TD>
    <TD valign="bottom">
    The Ideation board of directors has fixed the record date as the
    close of business on October&#160;2, 2009, as the date for
    determining Ideation stockholders entitled to receive notice of
    and to vote at the special meeting.</TD>
</TR>

</TABLE>


<DIV style="margin-top: 2pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF"><!-- TABLE 06 -->

<TR>
    <TD width="3%"></TD>
    <TD width="1%"></TD>
    <TD width="96%"></TD>
</TR>

<TR>
    <TD valign="top">
    <B>Q.</B> </TD>
    <TD></TD>
    <TD valign="bottom">
    <B>What is Being Voted On?</B></TD>
</TR>


<TR style="line-height: 2pt; font-size: 1pt"><TD>&nbsp;</TD></TR>

<TR>
    <TD valign="top">
    A. </TD>
    <TD></TD>
    <TD valign="bottom">
    You are being asked to vote on ten proposals:</TD>
</TR>


<TR style="line-height: 2pt; font-size: 1pt"><TD>&nbsp;</TD></TR>

<TR>
    <TD valign="top">
</TD>
    <TD></TD>
    <TD valign="bottom">
<DIV style="text-indent: -9pt; margin-left: 9pt">
    &#149;&#160;The approval of an amendment to Section&#160;D of
    Article Sixth of Ideation&#146;s Amended and Restated
    Certificate of Incorporation to provide conversion rights to
    holders of IPO Shares, upon approval of the business
    combination, regardless of whether such holder votes for or
    against the business combination. We refer to this proposal as
    the &#147;Charter Amendment Proposal.&#148;</DIV>
</TD>
</TR>


<TR style="line-height: 2pt; font-size: 1pt"><TD>&nbsp;</TD></TR>

<TR>
    <TD valign="top">
</TD>
    <TD></TD>
    <TD valign="bottom">
<DIV style="text-indent: -9pt; margin-left: 9pt">
    &#149;&#160;The approval of the redomestication of Ideation to
    the Cayman Islands, resulting in it becoming ID Cayman. We refer
    to this proposal as the &#147;Redomestication Proposal.&#148;</DIV>
</TD>
</TR>


<TR style="line-height: 2pt; font-size: 1pt"><TD>&nbsp;</TD></TR>

<TR>
    <TD valign="top">
</TD>
    <TD></TD>
    <TD valign="bottom">
<DIV style="text-indent: -9pt; margin-left: 9pt">
    &#149;&#160;The approval of the proposed share exchange
    resulting in SM Cayman becoming a wholly owned subsidiary of ID
    Cayman. We refer to this proposal as the &#147;Business
    Combination Proposal.&#148;</DIV>
</TD>
</TR>


<TR style="line-height: 2pt; font-size: 1pt"><TD>&nbsp;</TD></TR>

<TR>
    <TD valign="top">
</TD>
    <TD></TD>
    <TD valign="bottom">
<DIV style="text-indent: -9pt; margin-left: 9pt">
    &#149;&#160;The approval of the authorization of 1,000,000,000
    ordinary shares and 10,000,000 preferred shares in ID
    Cayman&#146;s Memorandum of Association, as compared to
    50,000,000&#160;shares of common stock and 1,000,000&#160;shares
    of preferred stock currently authorized in Ideation&#146;s
    Amended and Restated Certificate of Incorporation. We refer to
    this proposal as the &#147;Share Increase Proposal.&#148;</DIV>
</TD>
</TR>


<TR style="line-height: 2pt; font-size: 1pt"><TD>&nbsp;</TD></TR>

<TR>
    <TD valign="top">
</TD>
    <TD></TD>
    <TD valign="bottom">
<DIV style="text-indent: -9pt; margin-left: 9pt">
    &#149;&#160;The approval of the elimination in ID Cayman&#146;s
    Articles of Association of the classified board currently
    authorized in Ideation&#146;s Amended and Restated Certificate
    of Incorporation. We refer to this proposal as the
    &#147;Declassification Proposal.&#148;</DIV>
</TD>
</TR>


<TR style="line-height: 2pt; font-size: 1pt"><TD>&nbsp;</TD></TR>

<TR>
    <TD valign="top">
</TD>
    <TD></TD>
    <TD valign="bottom">
<DIV style="text-indent: -9pt; margin-left: 9pt">
    &#149;&#160;The approval of a provision in ID Cayman&#146;s
    Articles of Association providing that the amendment of either
    of ID Cayman&#146;s Memorandum of Association or Articles of
    Association will require a vote of two-thirds of its
    shareholders, entitled to do so, voting in person or by proxy at
    a meeting, of which notice specifying the intention to propose a
    special resolution for such amendment has been given, as
    compared to the vote of a majority of the outstanding stock as
    set forth in Ideation&#146;s Amended and Restated Certificate of
    Incorporation. We refer to this proposal as the &#147;Amendment
    Proposal.&#148;</DIV>
</TD>
</TR>

</TABLE>


<DIV style="margin-top: 2pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF"><!-- TABLE 06 -->

<TR>
    <TD width="3%"></TD>
    <TD width="1%"></TD>
    <TD width="96%"></TD>
</TR>

<TR>
    <TD valign="top">
</TD>
    <TD></TD>
    <TD valign="bottom">
<DIV style="text-indent: -9pt; margin-left: 9pt">
    &#149;&#160;The approval of a provision in ID Cayman&#146;s
    Articles of Association providing that the ID Cayman
    shareholders may pass resolutions without holding a meeting only
    if such resolutions are passed by a unanimous written resolution
    signed by all of the shareholders entitled to vote, as opposed
    to the provisions in Ideation&#146;s Amended and Restated
    Certificate of Incorporation that provide that stockholders may
    not take action without a meeting. We refer to this proposal as
    the &#147;Shareholder Consent Proposal.&#148;</DIV>
</TD>
</TR>

</TABLE>


<DIV style="margin-top: 2pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF"><!-- TABLE 06 -->

<TR>
    <TD width="3%"></TD>
    <TD width="1%"></TD>
    <TD width="96%"></TD>
</TR>

<TR>
    <TD valign="top">
</TD>
    <TD></TD>
    <TD valign="bottom">
<DIV style="text-indent: -9pt; margin-left: 9pt">
    &#149;&#160;The approval of a provision in ID Cayman&#146;s
    Memorandum of Association providing for the perpetual existence
    of ID Cayman, as compared to a provision providing for the
    termination of Ideation&#146;s existence on November&#160;19,
    2009 as set forth in Ideation&#146;s Amended and Restated
    Certificate of Incorporation. We refer to this proposal as the
    &#147;Corporate Existence Proposal.&#148;</DIV>
</TD>
</TR>


<TR style="line-height: 2pt; font-size: 1pt"><TD>&nbsp;</TD></TR>

<TR>
    <TD valign="top">
</TD>
    <TD></TD>
    <TD valign="bottom">
<DIV style="text-indent: -9pt; margin-left: 9pt">
    &#149;&#160;The approval of the Amended and Restated 2008 Share
    Incentive Plan. We refer to this proposal as the &#147;Share
    Incentive Plan Proposal.&#148;</DIV>
</TD>
</TR>


<TR style="line-height: 2pt; font-size: 1pt"><TD>&nbsp;</TD></TR>

<TR>
    <TD valign="top">
</TD>
    <TD></TD>
    <TD valign="bottom">
<DIV style="text-indent: -9pt; margin-left: 9pt">
    &#149;&#160;The approval of an adjournment or postponement of
    the special meeting for the purpose of soliciting additional
    proxies. We refer to this proposal as the &#147;Adjournment
    Proposal.&#148;</DIV>
</TD>
</TR>


<TR style="line-height: 2pt; font-size: 1pt"><TD>&nbsp;</TD></TR>

<TR>
    <TD valign="top">
    <B>Q. </B></TD>
    <TD></TD>
    <TD valign="bottom">
    <B>Why is Ideation proposing the redomestication to the Cayman
    Islands?</B></TD>
</TR>


<TR style="line-height: 2pt; font-size: 1pt"><TD>&nbsp;</TD></TR>

<TR>
    <TD valign="top">
    A. </TD>
    <TD></TD>
    <TD valign="bottom">
    As substantially all of the business operations of SearchMedia
    are conducted outside the United States, Ideation and
    SearchMedia decided to complete the redomestication to the
    Cayman Islands as part of the business combination.</TD>
</TR>

</TABLE>

<P align="center" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <BR>
    8
</DIV><!-- END PAGE WIDTH -->
<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>

<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->

<DIV style="margin-top: 2pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF"><!-- TABLE 06 -->

<TR>
    <TD width="3%"></TD>
    <TD width="1%"></TD>
    <TD width="96%"></TD>
</TR>

<TR>
    <TD valign="top">
    <B>Q.</B> </TD>
    <TD></TD>
    <TD valign="bottom">
    <B>How will the redomestication be accomplished?</B></TD>
</TR>


<TR style="line-height: 2pt; font-size: 1pt"><TD>&nbsp;</TD></TR>

<TR>
    <TD valign="top">
    A. </TD>
    <TD></TD>
    <TD valign="bottom">
    The redomestication will be accomplished in two steps. First,
    Ideation will effect a merger pursuant to which it will merge
    with and into ID Arizona, its wholly owned Arizona subsidiary,
    with ID Arizona surviving the merger. After the merger, ID
    Arizona will become a Cayman Islands exempted company, ID
    Cayman, pursuant to a conversion and continuation procedure
    under Arizona and Cayman Islands law. As a result of the
    redomestication, each Ideation stockholder will become a
    shareholder in ID Cayman instead of Ideation.</TD>
</TR>


<TR style="line-height: 2pt; font-size: 1pt"><TD>&nbsp;</TD></TR>

<TR>
    <TD valign="top">
</TD>
    <TD></TD>
    <TD valign="bottom">
    The redomestication will be completed in two steps to take
    advantage of Arizona corporate law requiring the approval of a
    majority of ID Arizona&#146;s outstanding shares to approve the
    conversion and continuation of ID Arizona as ID Cayman rather
    than the approval of all of the outstanding shares as would be
    required under Delaware corporate law.</TD>
</TR>

<TR style="line-height: 2pt; font-size: 1pt"><TD>&nbsp;</TD></TR>

<TR>
    <TD valign="top">
    <B>Q. </B></TD>
    <TD></TD>
    <TD valign="bottom">
    <B>Why is an Arizona subsidiary involved in the
    redomestication?</B></TD>
</TR>


<TR style="line-height: 2pt; font-size: 1pt"><TD>&nbsp;</TD></TR>

<TR>
    <TD valign="top">
    A. </TD>
    <TD></TD>
    <TD valign="bottom">
    As noted in the answer to the prior question, Delaware law would
    require the approval of 100% of Ideation&#146;s outstanding
    shares to change its place of incorporation to the Cayman
    Islands by conversion and continuation. Because Ideation&#146;s
    common stock is publicly traded, 100% approval cannot reasonably
    be obtained. By using an Arizona subsidiary in an intermediate
    step, Ideation is only required to obtain approval of a majority
    of its outstanding shares of common stock to effect the
    conversion and continuation.</TD>
</TR>


<TR style="line-height: 2pt; font-size: 1pt"><TD>&nbsp;</TD></TR>

<TR>
    <TD valign="top">
    <B>Q. </B></TD>
    <TD></TD>
    <TD valign="bottom">
    <B>What will I receive in the redomestication?</B></TD>
</TR>


<TR style="line-height: 2pt; font-size: 1pt"><TD>&nbsp;</TD></TR>

<TR>
    <TD valign="top">
    A. </TD>
    <TD></TD>
    <TD valign="bottom">
    The redomestication will change Ideation&#146;s domicile from
    Delaware to the Cayman Islands. Also, as a result of the
    redomestication:</TD>
</TR>

</TABLE>

<DIV style="margin-top: 4pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="6%"></TD>
    <TD width="2%"></TD>
    <TD width="92%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    Holders of Ideation units will be issued one ID Arizona unit for
    each Ideation unit held at the time of the Arizona merger,
    which, upon the conversion and continuation of ID Arizona to the
    Cayman Islands, will result in such holders holding one ID
    Cayman unit for each ID Arizona unit held at the time of the
    conversion.
</TD>
</TR>


<TR style="line-height: 4pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    Holders of Ideation common stock will be issued one share of ID
    Arizona common stock for each share of Ideation common stock
    held at the time of the Arizona merger, which, upon the
    conversion and continuation of ID Arizona to the Cayman Islands,
    will result in such holders holding one ID Cayman ordinary share
    for each share of ID Arizona common stock held at the time of
    the conversion.
</TD>
</TR>


<TR style="line-height: 4pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    Holders of Ideation warrants will be issued one ID Arizona
    warrant for each Ideation warrant held at the time of the
    Arizona merger, which, upon the conversion and continuation of
    ID Arizona to the Cayman Islands, will result in such holders
    holding one ID Cayman warrant for each ID Arizona warrant held
    at the time of the conversion.
</TD>
</TR>


<TR style="line-height: 4pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    Holders of the Ideation option to purchase 500,000&#160;units,
    consisting of 500,000&#160;shares of common stock and 500,000
    warrants, will be issued one ID Arizona option to purchase
    500,000&#160;units, consisting of 500,000&#160;shares of common
    stock and 500,000 warrants, which, upon the conversion and
    continuation of ID Arizona to the Cayman Islands, will result in
    such holders holding one ID Cayman option to purchase
    500,000&#160;units, consisting of 500,000 ordinary shares and
    500,000 warrants of ID Cayman.
</TD>
</TR>

</TABLE>

<DIV style="margin-top: 4pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF"><!-- TABLE 06 -->

<TR>
    <TD width="3%"></TD>
    <TD width="1%"></TD>
    <TD width="96%"></TD>
</TR>

<TR>
    <TD valign="top">
    <B>Q.</B> </TD>
    <TD></TD>
    <TD valign="bottom">
    <B>Why is Ideation proposing the business combination?</B></TD>
</TR>

</TABLE>


<DIV style="margin-top: 4pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF"><!-- TABLE 06 -->

<TR>
    <TD width="3%"></TD>
    <TD width="1%"></TD>
    <TD width="96%"></TD>
</TR>

<TR>
    <TD valign="top">
    A. </TD>
    <TD></TD>
    <TD valign="bottom">
    Ideation was organized to effect a business combination with an
    operating business. Ideation&#146;s proposed business
    combination qualifies as a &#147;business combination&#148;
    under Ideation&#146;s Amended and Restated Certificate of
    Incorporation. After the consummation of the business
    combination, the operating company of ID Cayman will be Jieli
    Investment Management Consulting (Shanghai) Co., Ltd., a PRC
    entity wholly owned by SM Cayman. Ideation believes that a
    business combination with SearchMedia will provide Ideation
    stockholders with an opportunity to invest in a company with
    significant growth potential. If Ideation is unable to complete
    the business combination with SearchMedia or another business
    combination by November&#160;19, 2009, it will be forced to
    liquidate and distribute to the holders of IPO Shares the amount
    in the trust account, with any remaining net assets being
    distributed to the holders of IPO Shares. See &#147;The Business
    Combination Proposal&#148; below.</TD>
</TR>

</TABLE>


<P align="center" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <BR>
    9
</DIV><!-- END PAGE WIDTH -->
<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>

<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->


<DIV style="margin-top: 4pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF"><!-- TABLE 06 -->

<TR>
    <TD width="3%"></TD>
    <TD width="1%"></TD>
    <TD width="96%"></TD>
</TR>

<TR>
    <TD valign="top">
    <B>Q.</B> </TD>
    <TD></TD>
    <TD valign="bottom">
    <B>Why are Ideation stockholders being asked to approve actions
    that will be taken by ID Cayman?</B></TD>
</TR>

</TABLE>



<DIV style="margin-top: 4pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF"><!-- TABLE 06 -->

<TR>
    <TD width="3%"></TD>
    <TD width="1%"></TD>
    <TD width="96%"></TD>
</TR>

<TR>
    <TD valign="top">
    A. </TD>
    <TD></TD>
    <TD valign="bottom">
    Ideation stockholders are being asked to approve the entry into
    the business combination by ID Cayman because Ideation&#146;s
    Amended and Restated Certificate of Incorporation requires that
    the majority of the Ideation shares of common stock approve its
    business combination with SearchMedia and the business
    combination will not take effect unless and until
    Ideation&#146;s corporate domicile becomes the Cayman Islands.</TD>
</TR>

</TABLE>



<DIV style="margin-top: 2pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF"><!-- TABLE 06 -->

<TR>
    <TD width="3%"></TD>
    <TD width="1%"></TD>
    <TD width="96%"></TD>
</TR>

<TR>
    <TD valign="top">
    <B>Q.</B> </TD>
    <TD></TD>
    <TD valign="bottom">
    <B>What will the name of the surviving company be after the
    redomestication and the business combination have been
    consummated?</B></TD>
</TR>

</TABLE>



<DIV style="margin-top: 2pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF"><!-- TABLE 06 -->

<TR>
    <TD width="3%"></TD>
    <TD width="1%"></TD>
    <TD width="96%"></TD>
</TR>

<TR>
    <TD valign="top">
    A. </TD>
    <TD></TD>
    <TD valign="bottom">
    The name of the surviving corporation after the consummation of
    the redomestication and the business combination will be
    &#147;SearchMedia Holdings Limited.&#148;</TD>
</TR>

</TABLE>



<DIV style="margin-top: 2pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF"><!-- TABLE 06 -->

<TR>
    <TD width="3%"></TD>
    <TD width="1%"></TD>
    <TD width="96%"></TD>
</TR>

<TR>
    <TD valign="top">
    <B>Q.</B> </TD>
    <TD></TD>
    <TD valign="bottom">
    <B>What happens if the redomestication and the business
    combination are not consummated?</B></TD>
</TR>

</TABLE>



<DIV style="margin-top: 2pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF"><!-- TABLE 06 -->

<TR>
    <TD width="3%"></TD>
    <TD width="1%"></TD>
    <TD width="96%"></TD>
</TR>

<TR>
    <TD valign="top">
    A. </TD>
    <TD></TD>
    <TD valign="bottom">
    If Ideation does not redomesticate and acquire SearchMedia in
    the business combination, and is unable to consummate an
    alternate business combination before November&#160;19, 2009,
    Ideation will be forced to liquidate and distribute to the
    holders of IPO Shares their <I>pro rata </I>portion of the
    amount of the funds available in the trust account, plus any
    other net assets not used or reserved to pay obligations and
    claims or such other corporate expenses relating to or arising
    from the plan of dissolution and distribution. Following
    liquidation, Ideation would no longer exist as a corporation.</TD>
</TR>

</TABLE>



<DIV style="margin-top: 2pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF"><!-- TABLE 06 -->

<TR>
    <TD width="3%"></TD>
    <TD width="1%"></TD>
    <TD width="96%"></TD>
</TR>

<TR>
    <TD valign="top">
</TD>
    <TD></TD>
    <TD valign="bottom">
    In any liquidation, the funds held in the trust account, plus
    any interest earned thereon (net of taxes payable), less the
    portion of such interest previously paid to Ideation, plus any
    other net assets not used or reserved to pay obligations and
    claims or such other corporate expenses relating to or arising
    from the plan of dissolution and distribution, will be
    distributed <I>pro rata</I> to the stockholders of IPO Shares.
    At June&#160;30, 2009, the trust conversion value per share was
    $7.8815.</TD>
</TR>

</TABLE>


<DIV style="margin-top: 4pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF"><!-- TABLE 06 -->

<TR>
    <TD width="3%"></TD>
    <TD width="1%"></TD>
    <TD width="96%"></TD>
</TR>

<TR>
    <TD valign="top">
    <B>Q.</B> </TD>
    <TD></TD>
    <TD valign="bottom">
    <B>Why is Ideation proposing the Charter Amendment Proposal?</B></TD>
</TR>

</TABLE>


<DIV style="margin-top: 4pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF"><!-- TABLE 06 -->

<TR>
    <TD width="3%"></TD>
    <TD width="1%"></TD>
    <TD width="96%"></TD>
</TR>

<TR>
    <TD valign="top">
    A. </TD>
    <TD></TD>
    <TD valign="bottom">
    Under the terms of the proposed charter amendment, if the
    business combination is approved and completed, stockholders
    holding IPO Shares who vote those shares either for or against
    the business combination will have the opportunity to either (1)
    continue to hold their IPO Shares, which will convert into
    shares of ID Cayman upon completion of the redomestication and
    business combination, or (2) convert their IPO Shares into cash
    upon the closing of the business combination.</TD>
</TR>

</TABLE>



<DIV style="margin-top: 4pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF"><!-- TABLE 06 -->

<TR>
    <TD width="3%"></TD>
    <TD width="1%"></TD>
    <TD width="96%"></TD>
</TR>

<TR>
    <TD valign="top">
</TD>
    <TD></TD>
    <TD valign="bottom">
    Ideation believes that extending the right to elect conversion
    to those holders of IPO Shares who vote for the business
    combination will provide incentive to holders of IPO Shares to
    vote in favor of the business combination, since a business
    combination must be approved in order for a conversion to occur
    before the liquidation of the company. As such, Ideation
    believes holders of IPO Shares who want to convert their shares
    will vote to approve both the charter amendment and the business
    combination in order to obtain the conversion value of their IPO
    Shares in connection with the closing of the business
    combination, rather than having to wait for the liquidation of
    the company.</TD>
</TR>

</TABLE>



<DIV style="margin-top: 4pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF"><!-- TABLE 06 -->

<TR>
    <TD width="3%"></TD>
    <TD width="1%"></TD>
    <TD width="96%"></TD>
</TR>

<TR>
    <TD valign="top">
    <B>Q.</B> </TD>
    <TD></TD>
    <TD valign="bottom">
    <B>Will the Charter Amendment Proposal change any rights of
    stockholders holding IPO Shares?</B></TD>
</TR>

</TABLE>



<DIV style="margin-top: 4pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF"><!-- TABLE 06 -->

<TR>
    <TD width="3%"></TD>
    <TD width="1%"></TD>
    <TD width="96%"></TD>
</TR>

<TR>
    <TD valign="top">
    A. </TD>
    <TD></TD>
    <TD valign="bottom">
    No. The charter amendment would not alter or adversely affect
    the right of stockholders holding IPO Shares to convert their
    shares under Article&#160;Sixth as currently in effect. The
    charter amendment would merely extend this right to convert to
    those holders of IPO Shares who vote to approve the business
    combination, as well as those who vote against the business
    combination.</TD>
</TR>

</TABLE>



<DIV style="margin-top: 4pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF"><!-- TABLE 06 -->

<TR>
    <TD width="3%"></TD>
    <TD width="1%"></TD>
    <TD width="96%"></TD>
</TR>

<TR>
    <TD valign="top">
</TD>
    <TD></TD>
    <TD valign="bottom">
    It is important to note that the charter amendment, if approved,
    would not change the voting standard for a business combination
    under Ideation&#146;s Certificate of Incorporation, in that the
    business combination will not be approved if 30% or more of the
    holders of IPO Shares both vote against the transaction and
    elect to convert their IPO Shares.</TD>
</TR>

</TABLE>


<DIV style="margin-top: 4pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF"><!-- TABLE 06 -->

<TR>
    <TD width="3%"></TD>
    <TD width="1%"></TD>
    <TD width="96%"></TD>
</TR>

<TR>
    <TD valign="top">
    <B>Q.</B> </TD>
    <TD></TD>
    <TD valign="bottom">
    <B>Do Ideation stockholders have conversion rights?</B></TD>
</TR>


<TR style="line-height: 4pt; font-size: 1pt"><TD>&nbsp;</TD></TR>

<TR>
    <TD valign="top">
    A. </TD>
    <TD></TD>
    <TD valign="bottom">
    Yes. Any holder of IPO Shares who votes those shares either for
    or against the business combination and properly demands
    conversion of their IPO Shares will be entitled to convert their
    IPO Shares to cash, if the business combination is approved and
    completed.</TD>
</TR>

</TABLE>

<P align="center" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <BR>
    10
</DIV><!-- END PAGE WIDTH -->
<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>

<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->

<DIV style="margin-top: 4pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF"><!-- TABLE 06 -->

<TR>
    <TD width="3%"></TD>
    <TD width="1%"></TD>
    <TD width="96%"></TD>
</TR>

<TR>
    <TD valign="top">
</TD>
    <TD></TD>
    <TD valign="bottom">
    The per-share conversion price will equal the amount in
    Ideation&#146;s trust account, inclusive of any interest not
    otherwise payable to Ideation, as of two business days before
    the consummation of the business combination, less taxes
    payable, divided by the number of shares of common stock issued
    in Ideation&#146;s IPO, which, as of June&#160;30, 2009, would
    be $7.8815 per share.</TD>
</TR>

<TR style="line-height: 4pt; font-size: 1pt"><TD>&nbsp;</TD></TR>

<TR>
    <TD valign="top">
</TD>
    <TD></TD>
    <TD valign="bottom">
    If the business combination is not approved and completed, then
    no conversion rights will be available at this time. Holders of
    warrants issued by Ideation do not have conversion rights
    relating to those warrants.</TD>
</TR>


<TR style="line-height: 4pt; font-size: 1pt"><TD>&nbsp;</TD></TR>

<TR>
    <TD valign="top">
    <B>Q.</B> </TD>
    <TD></TD>
    <TD valign="bottom">
    <B>If I have conversion rights, how do I properly demand
    conversion of my IPO Shares?</B></TD>
</TR>

</TABLE>


<DIV style="margin-top: 2pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF"><!-- TABLE 06 -->

<TR>
    <TD width="3%"></TD>
    <TD width="1%"></TD>
    <TD width="96%"></TD>
</TR>

<TR>
    <TD valign="top">
    A. </TD>
    <TD></TD>
    <TD valign="bottom">
     To properly demand conversion of your IPO Shares, you must:</TD>
</TR>

</TABLE>



<DIV style="margin-top: 4pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="8%"></TD>
    <TD width="4%"></TD>
    <TD width="88%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    (1)&#160;
</TD>
    <TD align="left">
    vote your IPO Shares, in person or by proxy, either
    <B>&#147;FOR&#148;</B> or <B>&#147;AGAINST&#148;</B> the
    business combination;
</TD>
</TR>

</TABLE>



<DIV style="margin-top: 4pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="8%"></TD>
    <TD width="4%"></TD>
    <TD width="88%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    (2)&#160;
</TD>
    <TD align="left">
    affirmatively request conversion of your IPO Shares by marking
    the appropriate box on your proxy card, voting information card,
    or ballot; and
</TD>
</TR>

</TABLE>



<DIV style="margin-top: 4pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="8%"></TD>
    <TD width="4%"></TD>
    <TD width="88%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    (3)&#160;
</TD>
    <TD align="left">
    deliver, or instruct your bank or broker to deliver, your IPO
    Shares to Ideation&#146;s transfer agent before the special
    meeting.
</TD>
</TR>

</TABLE>


<DIV style="margin-top: 4pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF"><!-- TABLE 06 -->

<TR>
    <TD width="3%"></TD>
    <TD width="1%"></TD>
    <TD width="96%"></TD>
</TR>

<TR>
    <TD valign="top">
</TD>
    <TD></TD>
    <TD valign="bottom">
    Stockholders holding IPO Shares who abstain or do not vote their
    IPO Shares on the business combination will forfeit their right
    to convert those shares if the business combination is approved.</TD>
</TR>

</TABLE>




<DIV style="margin-top: 4pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF"><!-- TABLE 06 -->

<TR>
    <TD width="3%"></TD>
    <TD width="1%"></TD>
    <TD width="96%"></TD>
</TR>

<TR>
    <TD valign="top">
    <B>Q.</B> </TD>
    <TD></TD>
    <TD valign="bottom">
    <B>Why is Ideation proposing the Share Increase Proposal, the
    Declassification Proposal, the Amendment Proposal, the
    Shareholder Consent Proposal and the Corporate Existence
    Proposal?</B></TD>
</TR>

</TABLE>


<DIV style="margin-top: 4pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF"><!-- TABLE 06 -->

<TR>
    <TD width="3%"></TD>
    <TD width="1%"></TD>
    <TD width="96%"></TD>
</TR>

<TR>
    <TD valign="top">
    A. </TD>
    <TD></TD>
    <TD valign="bottom">
    Ideation is proposing the Share Increase Proposal, the
    Declassification Proposal, the Amendment Proposal, the
    Shareholder Consent Proposal and the Corporate Existence
    Proposal as ID Cayman&#146;s Memorandum and Articles of
    Association includes provisions that are materially different
    from Ideation&#146;s Amended and Restated Certificate of
    Incorporation, and the Ideation stockholders would be entitled
    to vote on such changes if they were proposed as amendments to
    Ideation&#146;s Certificate of Incorporation.</TD>
</TR>


<TR style="line-height: 4pt; font-size: 1pt"><TD>&nbsp;</TD></TR>

<TR>
    <TD valign="top">
    <B>Q.</B> </TD>
    <TD></TD>
    <TD valign="bottom">
    <B>Why is Ideation proposing the Share Incentive Plan
    Proposal?</B></TD>
</TR>


<TR style="line-height: 4pt; font-size: 1pt"><TD>&nbsp;</TD></TR>

<TR>
    <TD valign="top">
    A. </TD>
    <TD></TD>
    <TD valign="bottom">
    Ideation is proposing the Share Incentive Plan Proposal to
    enable it to attract, retain and reward ID Cayman&#146;s
    directors, officers, employees and consultants using
    equity-based incentives. The Amended and Restated 2008 Share
    Incentive Plan has been approved by the Ideation board of
    directors and will be effective upon the consummation of the
    business combination, subject to stockholder approval of the
    plan. Ideation does not expect to grant any awards under the
    plan until after the consummation of the business combination.</TD>
</TR>


<TR style="line-height: 4pt; font-size: 1pt"><TD>&nbsp;</TD></TR>

<TR>
    <TD valign="top">
    <B>Q. </B></TD>
    <TD></TD>
    <TD valign="bottom">
    <B>Why is Ideation proposing the Adjournment Proposal?</B></TD>
</TR>


<TR style="line-height: 4pt; font-size: 1pt"><TD>&nbsp;</TD></TR>

<TR>
    <TD valign="top">
    A. </TD>
    <TD></TD>
    <TD valign="bottom">
    Ideation is proposing to approve an adjournment or postponement
    of the special meeting so that Ideation may delay the meeting in
    the event that it appears that the other proposals to be
    presented at the meeting will not be approved. This will provide
    Ideation&#146;s management with more time to solicit
    stockholders to vote or change their votes.</TD>
</TR>

</TABLE>


<DIV style="margin-top: 4pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF"><!-- TABLE 06 -->

<TR>
    <TD width="3%"></TD>
    <TD width="1%"></TD>
    <TD width="96%"></TD>
</TR>

<TR>
    <TD valign="top">
    <B>Q.</B> </TD>
    <TD></TD>
    <TD valign="bottom">
    <B>Has the Ideation board of directors made a recommendation
    regarding how to vote on these proposals?</B></TD>
</TR>

</TABLE>



<DIV style="margin-top: 4pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF"><!-- TABLE 06 -->

<TR>
    <TD width="3%"></TD>
    <TD width="1%"></TD>
    <TD width="96%"></TD>
</TR>

<TR>
    <TD valign="top">
    A. </TD>
    <TD></TD>
    <TD valign="bottom">
    After careful consideration of the redomestication plan, the
    business combination and the terms and conditions of the share
    exchange agreement, the board of directors of Ideation has
    determined that each of the Charter Amendment Proposal, the
    Redomestication Proposal, the Business Combination Proposal, the
    Share Increase Proposal, the Declassification Proposal, the
    Amendment Proposal, the Shareholder Consent Proposal, the
    Corporate Existence Proposal, the Share Incentive Plan Proposal,
    and the Adjournment Proposal are in the best interests of the
    Ideation stockholders, and recommends that Ideation stockholders
    vote <B>&#147;FOR&#148; </B>each of these proposals.</TD>
</TR>

</TABLE>


<P align="center" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <BR>
    11
</DIV><!-- END PAGE WIDTH -->
<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>

<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->

<DIV style="margin-top: 4pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF"><!-- TABLE 06 -->

<TR>
    <TD width="3%"></TD>
    <TD width="1%"></TD>
    <TD width="96%"></TD>
</TR>

<TR>
    <TD valign="top">
</TD>
    <TD></TD>
    <TD valign="bottom">
    In reaching its decision with respect to the business
    combination and the transactions contemplated thereby, the board
    of directors of Ideation reviewed various industry and financial
    data and the due diligence and evaluation materials provided by
    the SearchMedia shareholders.</TD>
</TR>


<TR style="line-height: 4pt; font-size: 1pt"><TD>&nbsp;</TD></TR>

<TR>
    <TD valign="top">
</TD>
    <TD></TD>
    <TD valign="bottom">
</TD>
</TR>

<TR>
    <TD valign="top">
</TD>
    <TD></TD>
    <TD valign="bottom">
    You should read the section titled &#147;Interests of Ideation
    Officers and Directors in the Business Combination&#148; for a
    discussion of how the interests of the Ideation executive
    officers and directors are different from your interests as a
    stockholder.</TD>
</TR>


<TR style="line-height: 4pt; font-size: 1pt"><TD>&nbsp;</TD></TR>

<TR>
    <TD valign="top">
    <B>Q. </B></TD>
    <TD></TD>
    <TD valign="bottom">
    <B>How do the Ideation insiders intend to vote their shares?</B></TD>
</TR>

</TABLE>


<DIV style="margin-top: 4pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF"><!-- TABLE 06 -->

<TR>
    <TD width="3%"></TD>
    <TD width="1%"></TD>
    <TD width="96%"></TD>
</TR>

<TR>
    <TD valign="top">
    A. </TD>
    <TD></TD>
    <TD valign="bottom">
    All of the Ideation insiders, including its officers and
    directors, will vote all of their common stock
    <B>&#147;FOR&#148;</B> all the proposals. However, some of the
    insiders&#146; shares were issued before Ideation&#146;s IPO and
    insiders holding those shares are contractually obligated to
    vote those shares in accordance with the majority of the IPO
    Shares on the Business Combination Proposal. The Frost Group,
    LLC and its affiliates are contractually obligated not to
    convert any IPO Shares held by them in connection with voting
    <B>&#147;FOR&#148;</B> the Business Combination Proposal.</TD>
</TR>

</TABLE>


<DIV style="margin-top: 4pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF"><!-- TABLE 06 -->

<TR>
    <TD width="3%"></TD>
    <TD width="1%"></TD>
    <TD width="96%"></TD>
</TR>

<TR>
    <TD valign="top">
    <B>Q.</B> </TD>
    <TD></TD>
    <TD valign="bottom">
    <B>Will Ideation purchase shares of Ideation common stock before
    the special meeting?</B></TD>
</TR>

</TABLE>


<DIV style="margin-top: 4pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF"><!-- TABLE 06 -->

<TR>
    <TD width="3%"></TD>
    <TD width="1%"></TD>
    <TD width="96%"></TD>
</TR>

<TR>
    <TD valign="top">
    A. </TD>
    <TD></TD>
    <TD valign="bottom">
    Ideation may seek to purchase, or enter into contracts to
    purchase, shares of Ideation common stock either in the open
    market or in privately negotiated transactions. Any such
    purchases and contracts would be effected pursuant to a 10b(5)-1
    plan or at a time when Ideation, its initial stockholders or
    their affiliates are not aware of material nonpublic information
    regarding Ideation or its securities. Such purchases could
    involve the incurrence of indebtedness by Ideation, payment of
    significant fees or interest payments or the issuance of any
    additional Ideation securities. Any purchases other than
    ordinary course purchases shall require the prior approval of
    the SM Cayman shareholders&#146; representatives, any such
    approval not to be unreasonably withheld or delayed. If such
    approval is unreasonably withheld or delayed under certain
    circumstances, the obligation of The Frost Group, LLC to make
    sponsor purchases will terminate. An ordinary course purchase is
    a forward purchase between Ideation and a non-affiliate Ideation
    stockholder in which Ideation will purchase some or all of such
    stockholders&#146; shares of Ideation after closing, which
    contracts are not binding on SM Cayman or its assets. A
    condition to the closing of such contracts will be that all
    shares purchased would be voted in favor of the business
    combination. These purchases or arrangements could result in an
    expenditure of a substantial amount of funds in the trust
    account.</TD>
</TR>

</TABLE>


<DIV style="margin-top: 4pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF"><!-- TABLE 06 -->

<TR>
    <TD width="3%"></TD>
    <TD width="1%"></TD>
    <TD width="96%"></TD>
</TR>

<TR>
    <TD valign="top">
    <B>Q.</B> </TD>
    <TD></TD>
    <TD valign="bottom">
    <B>Will the Frost Group, LLC or its affiliates purchase shares
    of Ideation common stock before the special meeting?</B></TD>
</TR>


<TR style="line-height: 4pt; font-size: 1pt"><TD>&nbsp;</TD></TR>

<TR>
    <TD valign="top">
    A. </TD>
    <TD></TD>
    <TD valign="bottom">
    Commencing on April&#160;1, 2009 and continuing until no later
    than 4:30&#160;p.m.&#160;Eastern standard time on the day that
    is two business days before the special meeting of Ideation
    stockholders, The Frost Group, LLC, through itself, its
    affiliates or others, will purchase
    <FONT style="white-space: nowrap">and/or</FONT> enter
    into forward contracts to purchase shares of Ideation common
    stock in the open market or in privately negotiated transactions
    in an amount equal to the Sponsor Purchase Commitment Amount.
    Such purchases will be conducted in compliance with the
    Securities Act, the Exchange Act and any other applicable law.</TD>
</TR>

<TR style="line-height: 4pt; font-size: 1pt"><TD>&nbsp;</TD></TR>

<TR>
    <TD valign="top">
</TD>
    <TD></TD>
    <TD valign="bottom">
    The aggregate amount of shares purchased pursuant to these
    arrangements will be disclosed to Ideation stockholders in a
    Current Report on Form&#160;8-K as soon as practicable before
    the open of trading on the NYSE Amex on the day that is one
    business day before the special meeting of Ideation
    stockholders. We acknowledge that the timing of this disclosure
    limits the amount of time Ideation stockholders will have to
    consider the impact of these purchases before such stockholders
    submit a proxy, revoke a previously submitted proxy or otherwise
    vote on the proposals to be considered at the special meeting.</TD>
</TR>

<TR style="line-height: 4pt; font-size: 1pt"><TD>&nbsp;</TD></TR>

<TR>
    <TD valign="top">
    <B>Q. </B></TD>
    <TD></TD>
    <TD valign="bottom">
    <B>If the business combination is completed, how much dilution
    will Ideation stockholders experience?</B></TD>
</TR>

</TABLE>


<DIV style="margin-top: 4pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF"><!-- TABLE 06 -->

<TR>
    <TD width="3%"></TD>
    <TD width="1%"></TD>
    <TD width="96%"></TD>
</TR>

<TR>
    <TD valign="top">
    A. </TD>
    <TD></TD>
    <TD valign="bottom">
    Currently there are 12,500,000&#160;shares of Ideation common
    stock issued and outstanding. Upon the consummation of the
    business combination, at least 6,662,727 ordinary shares will be
    issued to SearchMedia shareholders and 1,712,874 ordinary shares
    and warrants to purchase 428,219 ordinary shares will be issued
    to the interim note holders. As a result, immediately following
    the business </TD>
</TR>

</TABLE>


<P align="center" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <BR>
    12
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<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->


<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">

<TR>
    <TD width="3%"></TD>
    <TD width="1%"></TD>
    <TD width="96%"></TD>
</TR>

<TR>
    <TD valign="top">
</TD>
    <TD></TD>
    <TD valign="bottom">
     combination, assuming no Ideation stockholder converts its
    shares of common stock into a <I>pro rata</I> portion of funds
    available in the trust account, current Ideation stockholders
    are expected to beneficially own 60.9% of the basic and 62.5% of
    the fully diluted issued and outstanding ordinary shares of ID
    Cayman, assuming no earn-out shares are issued. Assuming the
    maximum number of earn-out shares are issued, current Ideation
    stockholders are expected to beneficially own 41.0% of the basic
    and 44.5% of the fully diluted issued and outstanding ordinary
    shares of ID Cayman.</TD>
</TR>

</TABLE>



<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">

<TR>
    <TD width="3%"></TD>
    <TD width="1%"></TD>
    <TD width="96%"></TD>
</TR>

<TR>
    <TD valign="top">
</TD>
    <TD></TD>
    <TD valign="bottom">
    Assuming the business combination is approved but all
    stockholders owning IPO Shares, except for The Frost Group, LLC,
    its affiliates and others owning IPO Shares purchased in
    satisfaction of the Sponsor Purchase Commitment Amount, exercise
    their conversion rights, current Ideation stockholders are
    expected to beneficially own 30.0% of the basic and 40.8% of the
    fully diluted issued and outstanding ordinary shares of ID
    Cayman, if no earn-out shares are issued. Assuming the maximum
    number of earn-out shares are issued, current Ideation
    stockholders are expected to beneficially own 16.1% of the basic
    and 24.8% of the fully diluted issued and outstanding ordinary
    shares of ID Cayman.</TD>
</TR>

</TABLE>


<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">

<TR>
    <TD width="3%"></TD>
    <TD width="1%"></TD>
    <TD width="96%"></TD>
</TR>

<TR>
    <TD valign="top">
</TD>
    <TD></TD>
    <TD valign="bottom">
    To the extent outstanding warrants are exercised after the
    business combination, current Ideation stockholders will
    experience further dilution of their ownership interest. In
    addition, following the consummation of the business
    combination, and upon the approval of the Share Incentive Plan
    Proposal, ID Cayman will establish a share incentive plan under
    which it may issue equity awards to qualified employees in an
    amount up to 8% of its total outstanding shares. The issuance of
    such equity awards would also dilute the ownership interests of
    the existing ID Cayman shareholders at the time of issuance.</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>

<TR>
    <TD valign="top">
    <B>Q. </B></TD>
    <TD></TD>
    <TD valign="bottom">
    <B>Do Ideation stockholders have appraisal rights under Delaware
    law or dissenters rights under Arizona law?</B></TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>

<TR>
    <TD valign="top">
    A. </TD>
    <TD></TD>
    <TD valign="bottom">
    The Ideation stockholders do not have appraisal rights under
    Delaware corporate law or dissenters rights under Arizona
    corporate law.</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>

<TR>
    <TD valign="top">
    <B>Q.</B> </TD>
    <TD></TD>
    <TD valign="bottom">
    <B>What will happen to the funds deposited in the trust account
    after the business combination is completed?</B></TD>
</TR>


<TR style="line-height: 3pt; font-size: 1pt"><TD>&nbsp;</TD></TR>

<TR>
    <TD valign="top">
    A. </TD>
    <TD></TD>
    <TD valign="bottom">
    Ideation stockholders exercising conversion rights will receive
    their <I>pro rata </I>portion of the trust account. The balance
    of the funds available in the trust account will be released
    from the trust account to ID Cayman and will be used for
    payments to be made in connection with any forward contracts
    entered into by Ideation in connection with the business
    combination, as well as for potential acquisitions and for
    operating capital after the closing of the business combination.</TD>
</TR>

</TABLE>


<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">

<TR>
    <TD width="3%"></TD>
    <TD width="1%"></TD>
    <TD width="96%"></TD>
</TR>

<TR>
    <TD valign="top">
    <B>Q.</B> </TD>
    <TD></TD>
    <TD valign="bottom">
    <B>Since Ideation&#146;s IPO prospectus contained information
    that is different from the information described in this proxy
    statement/prospectus and matters to be proposed at the special
    meeting, what are my legal rights?</B></TD>
</TR>

</TABLE>


<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">

<TR>
    <TD width="3%"></TD>
    <TD width="1%"></TD>
    <TD width="96%"></TD>
</TR>

<TR>
    <TD valign="top">
    A. </TD>
    <TD></TD>
    <TD valign="bottom">
    Ideation&#146;s Amended and Restated Certificate of
    Incorporation and IPO prospectus stated that only those holders
    of IPO Shares who vote against the business combination will
    have the right to convert their IPO Shares into cash if the
    business combination is approved and completed. Furthermore,
    Ideation&#146;s IPO prospectus stated that specific provisions
    in its Amended and Restated Certificate of Incorporation,
    including provisions of Article&#160;Sixth setting forth your
    conversion rights, would not be amended prior to the
    consummation of an initial business combination without the
    affirmative vote of 95% of the outstanding shares of common
    stock of the company. The IPO prospectus further stated that
    while the validity under Delaware law of a 95% supermajority
    provision restricting the ability to amend the charter has not
    been settled, Ideation would not take any actions to waive or
    amend any of those provisions.</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>

<TR>
    <TD valign="top">
</TD>
    <TD></TD>
    <TD valign="bottom">
    Ideation is now taking action to amend Section&#160;D of Article
    Sixth of the Amended and Restated Certificate of Incorporation
    and extend conversion rights upon completion of the business
    combination to holders of IPO Shares who vote either for or
    against the business combination. Accordingly, each purchaser of
    IPO Shares or warrants issued in the IPO could assert federal or
    state securities law claims against Ideation for rescission, if
    such purchaser still holds the securities, or damages, if such
    purchaser no longer holds the securities. In a rescission claim,
    a successful claimant has the right to receive the total amount
    paid for the securities purchased pursuant to an allegedly
    deficient prospectus, plus interest </TD>
</TR>

</TABLE>

<P align="center" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <BR>
    13
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<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF"><!-- TABLE 06 -->

<TR>
    <TD width="3%"></TD>
    <TD width="1%"></TD>
    <TD width="96%"></TD>
</TR>

<TR>
    <TD valign="top">
</TD>
    <TD></TD>
    <TD valign="bottom">
    and less any income earned on the securities, in exchange for
    surrender of the securities. In a claim for damages, a
    successful claimant may be awarded compensation for loss on an
    investment caused by an alleged material misrepresentation or
    omission in the sale of a security, including, possibly,
    punitive damages, together with interest.</TD>
</TR>


<TR style="line-height: 2pt; font-size: 1pt"><TD>&nbsp;</TD></TR>

<TR>
    <TD valign="top">
    <B>Q.</B> </TD>
    <TD></TD>
    <TD valign="bottom">
    <B>When do you expect the business combination to be
    completed?</B></TD>
</TR>

</TABLE>


<DIV style="margin-top: 2pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF"><!-- TABLE 06 -->

<TR>
    <TD width="3%"></TD>
    <TD width="1%"></TD>
    <TD width="96%"></TD>
</TR>

<TR>
    <TD valign="top">
    A. </TD>
    <TD></TD>
    <TD valign="bottom">
    It is anticipated that the business combination will be
    completed as soon as practicable following the Ideation special
    meeting on October&#160;27, 2009.</TD>
</TR>

</TABLE>


<DIV style="margin-top: 2pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF"><!-- TABLE 06 -->

<TR>
    <TD width="3%"></TD>
    <TD width="1%"></TD>
    <TD width="96%"></TD>
</TR>

<TR>
    <TD valign="top">
    <B>Q.</B> </TD>
    <TD></TD>
    <TD valign="bottom">
    <B>If I am not going to attend the special meeting in person,
    should I return my proxy card instead?</B></TD>
</TR>


<TR style="line-height: 2pt; font-size: 1pt"><TD>&nbsp;</TD></TR>

<TR>
    <TD valign="top">
    A. </TD>
    <TD></TD>
    <TD valign="bottom">
    Yes. After carefully reading and considering the information in
    this proxy statement/prospectus, please fill out and sign your
    proxy card. Then return it in the return envelope as soon as
    possible, so that your shares may be represented at the special
    meeting. A properly executed proxy will be counted for the
    purpose of determining the existence of a quorum.</TD>
</TR>


<TR style="line-height: 2pt; font-size: 1pt"><TD>&nbsp;</TD></TR>

<TR>
    <TD valign="top">
    <B>Q. </B></TD>
    <TD></TD>
    <TD valign="bottom">
    <B>How do I change my vote?</B></TD>
</TR>

</TABLE>


<DIV style="margin-top: 2pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF"><!-- TABLE 06 -->

<TR>
    <TD width="3%"></TD>
    <TD width="1%"></TD>
    <TD width="96%"></TD>
</TR>

<TR>
    <TD valign="top">
    A. </TD>
    <TD></TD>
    <TD valign="bottom">
    You must send a later-dated, signed proxy card to
    Ideation&#146;s secretary prior to the date of the special
    meeting or attend the special meeting in person and vote. If
    your shares are held in an account with a brokerage firm or
    bank, you can vote in person at the meeting only by obtaining a
    proxy from your brokerage firm or bank.</TD>
</TR>

</TABLE>


<DIV style="margin-top: 2pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF"><!-- TABLE 06 -->

<TR>
    <TD width="3%"></TD>
    <TD width="1%"></TD>
    <TD width="96%"></TD>
</TR>

<TR>
    <TD valign="top">
    <B>Q. </B></TD>
    <TD></TD>
    <TD valign="bottom">
    <B>If my shares are held in &#147;street name,&#148; will my
    broker automatically vote them for me?</B></TD>
</TR>


<TR style="line-height: 2pt; font-size: 1pt"><TD>&nbsp;</TD></TR>

<TR>
    <TD valign="top">
    A. </TD>
    <TD></TD>
    <TD valign="bottom">
    No.&#160;Your broker can vote your shares only if you provide
    instructions on how to vote. You should instruct your broker to
    vote your shares. Your broker can tell you how to provide these
    instructions.</TD>
</TR>


<TR style="line-height: 2pt; font-size: 1pt"><TD>&nbsp;</TD></TR>

<TR>
    <TD valign="top">
    <B>Q. </B></TD>
    <TD></TD>
    <TD valign="bottom">
    <B>Do I need to turn in my old certificates?</B></TD>
</TR>

</TABLE>


<DIV style="margin-top: 2pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF"><!-- TABLE 06 -->

<TR>
    <TD width="3%"></TD>
    <TD width="1%"></TD>
    <TD width="96%"></TD>
</TR>

<TR>
    <TD valign="top">
    A. </TD>
    <TD></TD>
    <TD valign="bottom">
    If you do not elect to convert your shares to cash, and the
    business combination is approved, you do not need to exchange
    your Ideation stock certificates for ID Cayman certificates.
    Your current certificates will be deemed to represent your
    rights in ID Cayman. Following the consummation of the business
    combination, you may exchange them by contacting the transfer
    agent, Continental Stock Transfer&#160;&#038;
    Trust&#160;Company, Reorganization Department, and following
    their requirements for reissuance. If you elect conversion, you
    will need to deliver your old certificates, either physically or
    electronically, to Continental Stock Transfer&#160;&#038;
    Trust&#160;Company, before the special meeting.</TD>
</TR>

</TABLE>


<DIV style="margin-top: 2pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF"><!-- TABLE 06 -->

<TR>
    <TD width="3%"></TD>
    <TD width="1%"></TD>
    <TD width="96%"></TD>
</TR>

<TR>
    <TD valign="top">
    <B>Q. </B></TD>
    <TD></TD>
    <TD valign="bottom">
    <B>Who can help answer my questions?</B></TD>
</TR>

</TABLE>


<DIV style="margin-top: 2pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF"><!-- TABLE 06 -->

<TR>
    <TD width="3%"></TD>
    <TD width="1%"></TD>
    <TD width="96%"></TD>
</TR>

<TR>
    <TD valign="top">
    A. </TD>
    <TD></TD>
    <TD valign="bottom">
    If you have questions, you may contact Morrow&#160;&#038; Co.,
    LLC, Ideation&#146;s proxy solicitor, at:</TD>
</TR>

</TABLE>





<DIV style="margin-top: 4pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 10%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    470&#160;West Avenue
</DIV>



<DIV align="left" style="margin-left: 10%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
     Stamford, Connecticut 06902
</DIV>



<DIV align="left" style="margin-left: 10%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
     Telephone:
    <FONT style="white-space: nowrap">(800)&#160;662-5200</FONT>
</DIV>



<DIV style="margin-top: 2pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF"><!-- TABLE 06 -->

<TR>
    <TD width="3%"></TD>
    <TD width="1%"></TD>
    <TD width="96%"></TD>
</TR>

<TR>
    <TD valign="top">
    <B>&#160;</B></TD>
    <TD></TD>
    <TD valign="bottom">
    If you intend to convert your IPO Shares to cash, you or your
    broker or bank will need to deliver your IPO Shares, either
    physically or electronically, to Ideation&#146;s transfer agent
    before the special meeting. If you have questions regarding
    delivery of your IPO Shares, please contact:</TD>
</TR>

</TABLE>



<DIV style="margin-top: 4pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 10%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Mr.&#160;Mark Zimkind
</DIV>



<DIV align="left" style="margin-left: 10%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
     Continental Stock Transfer&#160;&#038; Trust&#160;Company
</DIV>



<DIV align="left" style="margin-left: 10%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
     17 Battery Place
</DIV>



<DIV align="left" style="margin-left: 10%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
     New York, New York 10004
</DIV>



<DIV align="left" style="margin-left: 10%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
     Tel:
    <FONT style="white-space: nowrap">(212)&#160;845-3287</FONT>
</DIV>



<DIV align="left" style="margin-left: 10%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
     Fax:
    <FONT style="white-space: nowrap">(212)&#160;616-7616</FONT>
</DIV>


<P align="center" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <BR>
    14
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<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->
<DIV style="width: 100%; height: 9in; border-top: 1px solid #000000; padding-top: 12pt; border-right: 1px solid #000000; padding-right: 12pt; border-bottom: 1px solid #000000; padding-bottom: 12pt; border-left: 1px solid #000000; padding-left: 12pt"><!-- Begin box 1 -->
<A name='107'>
<DIV style="margin-top: 18pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">SUMMARY</FONT></B>
</DIV>
</A>
<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    This summary highlights selected information from this proxy
    statement/prospectus and does not contain all of the information
    that is important to you. To better understand the
    redomestication and business combination, you should carefully
    read this entire document and the other documents to which this
    proxy statement/prospectus refers you, including the share
    exchange agreement attached as <U>Annex&#160;A</U> to this proxy
    statement/prospectus. The share exchange agreement is the legal
    document that governs the redomestication and the business
    combination and the other transactions that will be undertaken
    in connection with the redomestication and the business
    combination. The share exchange agreement is also described in
    detail elsewhere in this proxy statement/prospectus.
</DIV>
<A name='108'>
<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">The
    Parties</FONT></B>
</DIV>
</A>
<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 2%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><I><FONT style="font-family: 'Times New Roman', Times">Ideation
    Acquisition Corp.</FONT></I></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Ideation Acquisition Corp. is a blank check company organized
    under the laws of the State of Delaware on June&#160;1, 2007.
    Ideation was formed for the purpose of acquiring, through a
    merger, capital stock exchange, asset acquisition or other
    similar business combination, one or more businesses. On
    November&#160;26, 2007, it consummated an IPO of its equity
    securities, from which it derived net proceeds of approximately
    $74.5&#160;million. The entirety of the funds raised in the IPO
    plus amounts raised in a private placement completed immediately
    prior to the IPO, or approximately $78.8&#160;million, were
    placed in a trust account. Such funds and a portion of the
    interest earned thereon will be released upon consummation of
    the business combination and used to pay any amounts payable to
    Ideation stockholders who exercise their conversion rights. The
    remaining proceeds will be used for payments to be made in
    connection with forward contracts, acquisitions and operating
    capital subsequent to the closing of the business combination.
    Other than its IPO and the pursuit of a business combination,
    Ideation has not engaged in any business to date.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    If Ideation does not complete the business combination on or
    before November&#160;19, 2009, Ideation will dissolve and
    promptly distribute to the holders of IPO Shares the amount in
    its trust account, less interest previously paid to Ideation,
    and will distribute to the holders of IPO Shares any remaining
    net assets after payment of its liabilities from non-trust
    account funds.
</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 2%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><I><FONT style="font-family: 'Times New Roman', Times">ID
    Arizona</FONT></I></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    ID Arizona is an Arizona corporation. It has transacted no
    business to date except in connection with the redomestication
    and related transactions. All ID Arizona shares are currently
    held by Ideation.
</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 2%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><I><FONT style="font-family: 'Times New Roman', Times">SearchMedia
    Holdings Limited</FONT></I></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    SearchMedia Holdings Limited, or ID Cayman, will be a Cayman
    Islands exempted company. In the redomestication, ID Arizona
    will be converted into and continue its existence as ID Cayman.
    After the redomestication, you will be a shareholder of ID
    Cayman.
</DIV>


<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    The mailing address of the principal executive offices for
    Ideation and ID Arizona is Ideation Acquisition Corp.,
    1105&#160;N.&#160;Market Street, Suite&#160;1300, Wilmington,
    Delaware 19801, and its telephone number is
    <FONT style="white-space: nowrap">(310)&#160;694-8150.</FONT>
</DIV>


<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 2%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><I><FONT style="font-family: 'Times New Roman', Times">SearchMedia
    International Limited</FONT></I></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    SearchMedia International Limited, or SM Cayman, is an exempted
    holding company formed with limited liability under the laws of
    the Cayman Islands in February 2007. SM Cayman conducts its
    operations through its direct and indirect subsidiaries,
    including Jieli Investment Management Consulting (Shanghai) Co.,
    Ltd., or Jieli Consulting, a limited liability company
    incorporated under the laws of China in June 2007, and its
    consolidated variable interest entities in China. For a
    description of the agreements between SM Cayman and its variable
    interest entities, please refer to &#147;SearchMedia Related
    Party Transactions&#160;&#151; Contractual Agreements with
    Jingli Shanghai and its Shareholders.&#148;
</DIV>
</DIV><!-- End box 1 -->

<P align="center" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <BR>
    15
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<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>

<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->
<DIV style="width: 100%; height: 9in; border-top: 1px solid #000000; padding-top: 12pt; border-right: 1px solid #000000; padding-right: 12pt; border-bottom: 1px solid #000000; padding-bottom: 12pt; border-left: 1px solid #000000; padding-left: 12pt"><!-- Begin box 1 -->

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    SearchMedia is a leading nationwide multi-platform media company
    and one of the largest operators of integrated outdoor billboard
    and in-elevator advertising networks in China. It ranked first
    in market share of in-elevator advertising displays in 13 out of
    the 26 most affluent cities in China and ranked second in an
    additional nine of these cities, according to Nielsen Media
    Research, an independent research company, in its July 2008
    report commissioned by SearchMedia, or the Nielsen Report.
    SearchMedia&#146;s core outdoor billboard and in-elevator
    platforms are complemented by its subway advertising platform,
    which together enable it to provide multi-platform,
    &#147;one-stop shop&#148; services for its local, national and
    international advertising clients that numbered more than 780
    cumulatively from its inception to July&#160;31, 2009.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Targeting the rapidly growing number of urban and increasingly
    affluent Chinese consumers, SearchMedia deploys its advertising
    network across the following select media platforms:
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="4%"></TD>
    <TD width="2%"></TD>
    <TD width="94%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    <I>Outdoor billboard platform.</I>&#160;&#160;SearchMedia
    operates a network of over 1,500 high-impact billboards with
    over 500,000&#160;square feet of surface display area in
    15&#160;cities, including Beijing, Hong Kong, Qingdao, Shanghai,
    Shenyang, Shenzhen, Guangzhou, Chongqing and Chengdu. Its
    billboards are mostly large format billboards deployed in
    commercial centers and other desirable areas with heavy vehicle
    <FONT style="white-space: nowrap">and/or</FONT> foot
    traffic. SearchMedia has demonstrated its ability to acquire
    high-profile billboard contracts with its success in 2007 in
    securing the billboard advertising rights at the Bund, a
    landmark destination in Shanghai.
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    <I>In-elevator platform.</I>&#160;&#160;SearchMedia&#146;s
    network of over 175,000 printed and digital poster frames
    delivers targeted advertising messages inside elevators to
    captive audiences in high-rise residential and office buildings
    in 57 major cities in China. The in-elevator platform targets
    the affluent urban population that is highly desired by
    advertisers and is characterized by its low cost structure and
    minimal capital requirements. According to the Nielsen Report,
    SearchMedia ranked first in market share of in-elevator
    advertising displays in 13 out of the 26&#160;most affluent
    cities in China and ranked second in an additional nine of these
    cities. These 26&#160;cities were among China&#146;s most
    affluent measured by urban disposable income per capita and GDP
    per capita in 2007, and together accounted for 65% of all
    advertising expenditures on traditional media, including TV,
    newspaper and magazines in China in 2007.
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    <I>Subway advertising platform.</I>&#160;&#160;SearchMedia
    operates a network of large-format light boxes in concourses of
    eight major subway lines in Shanghai. According to the Metro
    Authority of Shanghai, in 2008, these subway lines carried an
    aggregate average daily traffic of approximately three million
    commuters.
</TD>
</TR>

</TABLE>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    SearchMedia&#146;s principal executive offices are located at
    4B, Ying Long Building, 1358 Yan An Road West, Shanghai 200052,
    People&#146;s Republic of China, and its telephone number is
    <FONT style="white-space: nowrap">(86-21)</FONT> 5169
    0552.
</DIV>
<A name='109'>
<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">The
    Business Combination</FONT></B>
</DIV>
</A>
<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    The share exchange agreement provides for a business combination
    transaction by means of a share exchange with the shareholders
    of SM Cayman, which would result in SM Cayman becoming a wholly
    owned subsidiary of ID Cayman. This will be accomplished through
    an exchange of all the ordinary shares, options, warrants, and
    restricted share awards of SM Cayman for ordinary shares,
    options, warrants, and restricted share awards of ID Cayman.
    Ideation and SearchMedia plan to complete the business
    combination promptly after the Ideation special meeting,
    provided that:
</DIV>


<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="4%"></TD>
    <TD width="2%"></TD>
    <TD width="94%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    Ideation stockholders have approved each of the Charter
    Amendment Proposal, the Redomestication Proposal, the Business
    Combination Proposal, the Share Increase Proposal, the
    Declassification Proposal, the Amendment Proposal, the
    Shareholder Consent Proposal, the Corporate Existence Proposal,
    and the Share Incentive Plan Proposal in accordance with the
    voting standard or voting standards applicable to the proposal,
    as described below; and
</TD>
</TR>

</TABLE>


<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="4%"></TD>
    <TD width="2%"></TD>
    <TD width="94%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    the other conditions specified in the share exchange agreement
    have been satisfied or waived.
</TD>
</TR>

</TABLE>
</DIV><!-- End box 1 -->

<P align="center" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <BR>
    16
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<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>

<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->
<DIV style="width: 100%; height: 9in; border-top: 1px solid #000000; padding-top: 12pt; border-right: 1px solid #000000; padding-right: 12pt; border-bottom: 1px solid #000000; padding-bottom: 12pt; border-left: 1px solid #000000; padding-left: 12pt"><!-- Begin box 1 -->
<A name='110'>
<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">Acquisition
    Consideration</FONT></B>
</DIV>

</A>
<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    The holders of the outstanding ordinary and preferred shares of
    SM Cayman immediately before the business combination will
    receive from ID Cayman 6,662,727 ordinary shares of ID Cayman.
    Certain holders of SM Cayman promissory notes will receive
    1,712,874 ordinary shares of ID Cayman and warrants to purchase
    428,219 ordinary shares of ID Cayman. The holders of the
    outstanding warrants of SM Cayman immediately before the
    business combination will receive from ID&#160;Cayman warrants
    to purchase 1,519,186 ordinary shares of ID Cayman. Each
    restricted share award of SM Cayman that has not fully vested
    before the business combination will be assumed by ID Cayman and
    converted into a restricted share award of ID Cayman. The holder
    of each such award will be entitled to receive a number of ID
    Cayman shares equal to (i)&#160;the number of ordinary shares of
    SM Cayman that were subject to the award before the business
    combination multiplied by (ii)&#160;0.0675374, rounded down to
    the nearest whole number of shares. The holders of any ID Cayman
    shares delivered upon the vesting of an ID Cayman restricted
    share award before the one year anniversary of the closing of
    the business combination shall be subject to lock-up
    restrictions until such anniversary. Each option of SM Cayman
    that has not been exercised before the business combination will
    be assumed by ID Cayman and converted into an option to purchase
    ordinary shares of ID Cayman. Each such option of ID Cayman will
    be exercisable for a number of ID Cayman ordinary shares equal
    to (i)&#160;the number of ordinary shares of SM Cayman that were
    subject to the option before the business combination multiplied
    by (ii)&#160;0.0675374, rounded down to the nearest whole number
    of shares. The per share exercise price of each such option of
    ID Cayman will be (i)&#160;the original per share exercise price
    of the option of SM&#160;Cayman divided by (ii)&#160;0.0675374,
    rounded up to the nearest whole cent. The holders of any ID
    Cayman shares delivered upon the exercise of an ID Cayman option
    before the one&#160;year anniversary of the closing of the
    business combination shall be subject to lock-up restrictions
    until such anniversary.
</DIV>


<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    ID Cayman has also agreed to issue to the holders of the
    outstanding ordinary shares, Series&#160;A, Series&#160;B and
    Series&#160;C preferred shares and warrants of SM Cayman up to
    10,150,352 additional ID Cayman ordinary shares, which we refer
    to as the earn-out shares, pursuant to an earn-out provision in
    the share exchange agreement based on the adjusted net income of
    the combined company for the fiscal year ending
    December&#160;31, 2009. Holders of any other outstanding
    preferred shares (if any), share options, or restricted share
    awards of SM Cayman will not be entitled to receive any of the
    10,150,352 earn-out shares, even if these securities are
    converted into (in the case of preferred shares) or exercised
    for (in the case of options), ordinary shares of SM&#160;Cayman,
    or vest (in the case of restricted share awards), before the
    business combination.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    The term &#147;adjusted net income&#148; means consolidated net
    income, as determined in accordance with generally accepted
    accounting principles of the United States consistently applied,
    excluding:
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="4%"></TD>
    <TD width="2%"></TD>
    <TD width="94%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    expenses arising from or in connection with dividends or deemed
    dividends paid or payable on any preferred shares of SM Cayman
    and the redemption features of any preferred shares of SM Cayman
    and other expenses relating to the preferential features of any
    preferred shares of SM Cayman;
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    any income or loss from a minority investment in any other
    entity by any of the SM entities and each of their subsidiaries,
    or the SM Cayman group companies;
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    any expenses arising from or in connection with the issue of any
    preferred shares of SM Cayman;
</TD>
</TR>

</TABLE>


<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="4%"></TD>
    <TD width="2%"></TD>
    <TD width="94%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    any compensation charges attributable to the repurchase by SM
    Cayman of an aggregate of 3,000,000 ordinary and preferred
    shares of SM Cayman and the grants by SM Cayman of awards to
    employees of SM Cayman and its subsidiaries of options
    exercisable for an aggregate of 3,000,000 ordinary shares of
    SM&#160;Cayman;
</TD>
</TR>

</TABLE>


<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="4%"></TD>
    <TD width="2%"></TD>
    <TD width="94%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    non-cash financial expenses arising from the issuance of any
    &#147;equity securities&#148; (as defined in the Memorandum and
    Articles of Association of SM Cayman);
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    non-recurring extraordinary items (including, without
    limitation, any accounting charges, costs or expenses arising
    from or in connection with the transactions contemplated by the
    share exchange agreement);
</TD>
</TR>

</TABLE>
</DIV><!-- End box 1 -->

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    <BR>
    17
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<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>

<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->
<DIV style="width: 100%; height: 9in; border-top: 1px solid #000000; padding-top: 12pt; border-right: 1px solid #000000; padding-right: 12pt; border-bottom: 1px solid #000000; padding-bottom: 12pt; border-left: 1px solid #000000; padding-left: 12pt"><!-- Begin box 1 -->

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="4%"></TD>
    <TD width="2%"></TD>
    <TD width="94%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    any costs, expenses or other items relating or attributable to
    that certain Convertible Note and Warrant Agreement dated as of
    March&#160;17, 2008 among SM Cayman, Linden Ventures and the
    other parties thereto, as amended on September&#160;15, 2008,
    December&#160;18, 2008, March&#160;12, 2009, and August&#160;21,
    2009, (including the issuance of the &#147;Linden Note&#148; (as
    defined in the agreement) as amended on September&#160;15, 2008,
    December&#160;18, 2008, March&#160;12, 2009, and August&#160;21,
    2009);
</TD>
</TR>

</TABLE>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="4%"></TD>
    <TD width="2%"></TD>
    <TD width="94%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    all revenues, expenses and other items (including
    acquisition-related charges) relating or attributable to the
    acquisition of a majority of the outstanding equity interests
    of, or all or substantially all of the assets of, any other
    entity or business by ID Cayman or any of the SM Cayman group
    companies following the closing of the business combination (not
    including the leasing or subleasing of a billboard, elevator
    frame unit or other media asset or advertising right);
</TD>
</TR>

</TABLE>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="4%"></TD>
    <TD width="2%"></TD>
    <TD width="94%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    the effect of any change in accounting principles;&#160;or
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    any accounting charges, costs or expenses incurred by ID Cayman
    or SM Cayman arising from or in connection with the issuance and
    delivery of any earn-out shares.
</TD>
</TR>

</TABLE>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    For reference purposes, the adjusted net income of SearchMedia
    for 2008 based on the foregoing formula was $18.5&#160;million.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    The 10,150,352 earn-out shares will be issued to the holders of
    ordinary shares, Series&#160;A, Series&#160;B and Series&#160;C
    preferred shares and warrants of SM Cayman as follows:
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    If ID Cayman&#146;s adjusted net income for the fiscal year
    ending December&#160;31, 2009 is equal to or greater than
    $25.7&#160;million, ID Cayman will issue an aggregate number of
    earn-out shares calculated in accordance with the formula below.
    If ID Cayman&#146;s adjusted net income for the fiscal year
    ending December&#160;31, 2009 is equal to or greater than
    $38.4&#160;million, adjusted net income shall be deemed to be
    equal to $38.4&#160;million for purposes of the formula.
</DIV>

<DIV style="margin-top: 18pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">Earn-out
    Shares Issued&#160;=&#160;<U>(2009 adjusted net
    income&#160;&#8722;
    $25.7&#160;million)</U>&#160;&#215;&#160;10,150,352&#160;shares<BR>
    $12.7&#160;million</FONT></B>
</DIV>




<DIV style="margin-top: 3pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    If on or prior to April&#160;15, 2010 a bona fide definitive
    agreement is executed and the subsequent consummation of the
    transactions contemplated by such agreement results in a change
    of control of ID Cayman, then, regardless of whether the
    targeted net income threshold has been met, ID Cayman shall
    issue and deliver all of the earn-out shares to the holders of
    ordinary shares, Series&#160;A, Series&#160;B and Series&#160;C
    preferred shares and warrants of SM Cayman, if the change of
    control is approved by a majority of the independent directors
    then on the board of directors of ID Cayman or if the
    acquisition consideration delivered to the shareholders of ID
    Cayman in the change of control has a value (as determined in
    good faith by a majority of the independent directors then on
    the board of directors of ID Cayman) that is equal to at least
    $11.82 per share on a fully diluted basis (as equitably adjusted
    for any stock split, combinations, stock dividends,
    recapitalizations or similar events). Such earn-out share
    payments shall be issued and delivered promptly after the
    occurrence of such change of control.
</DIV>



<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Based on the trading price of Ideation common stock at
    September&#160;21, 2009, and using the treasury method of
    valuation for the warrants, options, and restricted share awards
    to be issued, the aggregate value of the securities to be issued
    as consideration at the closing of the business combination
    (inclusive of the maximum number of earn-out shares to be
    issued) will be $157.0&#160;million.
</DIV>

<A name='111'>
<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">Satisfaction
    of the 80% Test</FONT></B>
</DIV>
</A>
<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    The Ideation board of directors has determined that the fair
    market value of SearchMedia is at least 80% of Ideation&#146;s
    net assets. The Ideation board of directors derived a minimum
    equity valuation of $176.7&#160;million for SearchMedia based
    upon a comparative price analysis of the price earnings ratio
    for companies similar to SearchMedia and the anticipated price
    earnings ratio of SearchMedia. The board of directors came to
    the determination that, since the fair market value of
    SearchMedia is at least equal to 80% of Ideation&#146;s net
    assets before taking into account the earn-out payments, the
    earn-out thresholds, if achieved, would only represent an
    increase in the value of SearchMedia, which would therefore
    further exceed the 80% threshold. See the section
</DIV>
</DIV><!-- End box 1 -->

<P align="center" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <BR>
    18
</DIV><!-- END PAGE WIDTH -->
<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>

<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->
<DIV style="width: 100%; height: 9in; border-top: 1px solid #000000; padding-top: 12pt; border-right: 1px solid #000000; padding-right: 12pt; border-bottom: 1px solid #000000; padding-bottom: 12pt; border-left: 1px solid #000000; padding-left: 12pt"><!-- Begin box 1 -->

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    titled &#147;The Business Combination Proposal&#160;&#151;
    Satisfaction of the 80% Test&#148; for more information on the
    analysis conducted by Ideation&#146;s management.
</DIV>
<A name='361'>
<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">Conversion
    Rights</FONT></B>
</DIV>

</A>
<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    If the business combination is approved and completed, any
    stockholder holding IPO Shares who properly demands conversion
    of those shares will be entitled to convert those shares to
    cash, whether such stockholder voted for or against the Business
    Combination Proposal. Stockholders who properly demand
    conversion of their IPO Shares will receive $7.8815 per share,
    which represents the trust conversion value at June&#160;30,
    2009.
</DIV>



<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    To properly demand conversion of your IPO Shares, you must:
</DIV>



<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (1)&#160;vote those shares, in person or by proxy, either
    &#147;<B>FOR</B>&#148; or &#147;<B>AGAINST</B>&#148; the
    business combination;
</DIV>



<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (2)&#160;affirmatively request conversion of those shares by
    marking the appropriate box on your proxy card, voting
    instruction form, or ballot;&#160;and
</DIV>



<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (3)&#160;deliver, or instruct your bank or broker to deliver,
    your IPO Shares to Ideation&#146;s transfer agent before the
    special meeting.
</DIV>



<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Stockholders holding IPO Shares who abstain or do not vote their
    IPO Shares on the business combination will forfeit their right
    to convert those shares if the business combination is approved.
    Both of the Charter Amendment Proposal and the Redomestication
    Proposal must be approved in order to complete the business
    combination and, as such, the vote to approve the business
    combination will not occur unless both the Charter Amendment
    Proposal and the Redomestication Proposal are approved.
</DIV>



<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    If the business combination is not approved and completed, then
    no conversion rights will be available at this time.
    Ideation&#146;s Amended and Restated Certificate of
    Incorporation provides that if a business combination is not
    completed by November&#160;19, 2009, Ideation will be
    liquidated. If Ideation liquidates on November&#160;19, 2009,
    holders of IPO Shares will receive $7.8815 per share, which
    represents the trust liquidation value at June&#160;30, 2009.
</DIV>

<A name='112'>
<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">Management
    of ID Cayman; Voting Agreement</FONT></B>
</DIV>

</A>
<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Upon the consummation of the business combination, the initial
    ID Cayman board of directors will consist of eight directors,
    four of which the SearchMedia shareholders&#146; representatives
    will designate and four of which the Ideation representative
    will designate. Of the four directors designated by each of
    SearchMedia and Ideation (i)&#160;at least two directors
    designated by the Ideation representative and three directors
    designated by the SearchMedia shareholders&#146; representatives
    shall be &#147;independent directors&#148; as defined in the
    rules and regulations of the NYSE Amex, and (ii)&#160;at least
    one of the Ideation directors and three of the SearchMedia
    directors shall be non-U.S. citizens. Upon the consummation of
    the business combination, ID Cayman&#146;s directors are
    expected to be Ms.&#160;Qinying Liu, Mr. Earl Yen,
    Mr.&#160;Jianzhong Qu, Mr.&#160;Larry Lu, Mr.&#160;Robert Fried,
    Mr.&#160;Steven D. Rubin, Mr.&#160;Glenn Halpryn, and
    Mr.&#160;Chi-Chuan Chen. Messrs.&#160;Yen, Qu, Lu, Halpryn, and
    Chen&#160;are expected to be independent directors.
</DIV>


<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    At the closing of the business combination, CSV, Qinying Liu, Le
    Yang, Vervain Equity Investment Limited, Sun Hing Associates
    Limited, and Linden Ventures, each a SearchMedia shareholder,
    and Frost Gamma Investments Trust, Robert Fried, Rao Uppaluri,
    Steven Rubin and Jane Hsiao and ID Cayman will enter into a
    voting agreement. The voting agreement provides, among other
    things, that, for a period commencing on the closing of the
    business combination and ending on the third anniversary of the
    date of such closing, each party to the voting agreement will
    agree to vote in favor of the director nominees nominated by the
    Ideation representative and the SM Cayman shareholders&#146;
    representatives as provided in the share exchange agreement. The
    voting agreement is attached as <U>Annex&#160;F</U> hereto. We
    encourage you to read the voting agreement in its entirety.
</DIV>
</DIV><!-- End box 1 -->

<P align="center" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <BR>
    19
</DIV><!-- END PAGE WIDTH -->
<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>

<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->
<DIV style="width: 100%; height: 9in; border-top: 1px solid #000000; padding-top: 12pt; border-right: 1px solid #000000; padding-right: 12pt; border-bottom: 1px solid #000000; padding-bottom: 12pt; border-left: 1px solid #000000; padding-left: 12pt"><!-- Begin box 1 -->

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    After the consummation of the business combination, the
    executive officers of ID Cayman will be:
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 8%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Garbo Lee, President;<BR>
    Jennifer Huang, Chief Operating Officer; and<BR>
    Andrew Gormley, Executive Vice President.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    See the section titled &#147;Directors and Executive
    Officers&#148; for biographical information about ID
    Cayman&#146;s directors and executive officers after the
    consummation of the business combination.
</DIV>
<A name='113'>
<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times"><FONT style="white-space: nowrap">Lock-Up</FONT>
    Agreements</FONT></B>
</DIV>

</A>
<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    At the closing, the SM Cayman shareholders and warrantholders,
    and the ID Cayman directors designated by the SM Cayman
    shareholders&#146; representatives will enter into
    <FONT style="white-space: nowrap">lock-up</FONT>
    agreements providing that they may not sell or otherwise
    transfer any shares of ID Cayman or any other securities
    convertible into or exercisable or exchangeable for shares of ID
    Cayman that are beneficially owned
    <FONT style="white-space: nowrap">and/or</FONT>
    acquired by them (or underlying any security acquired by them)
    in connection with the business combination, subject to certain
    exceptions. In the case of SM Cayman&#146;s management
    shareholders and warrantholders and the ID Cayman directors
    designated by the SM Cayman shareholders&#146; representatives,
    as well as SM&#160;Cayman optionees who exercise their options
    or restricted share award holders whose shares vest during the
    one&#160;year after closing, the
    <FONT style="white-space: nowrap">lock-up</FONT>
    period will be 12&#160;months after the closing date with
    respect to the shares or other securities received in connection
    with the business combination or underlying securities received
    in connection with the business combination, provided, that with
    respect to Le Yang and Qinying Liu, the
    <FONT style="white-space: nowrap">lock-up</FONT>
    period shall apply from 12&#160;months after the closing of the
    share exchange agreement with respect to ten percent (10%) of
    such securities, 18&#160;months after the closing of the share
    exchange agreement with respect to fifteen percent (15%) of such
    securities, and 24&#160;months after the closing of the share
    exchange agreement with respect to the remaining seventy-five
    percent (75%) of such securities. In the case of SM
    Cayman&#146;s non-management shareholders, the
    <FONT style="white-space: nowrap">lock-up</FONT>
    period will be six months from the closing date with respect to
    25% of such securities and 12&#160;months from the closing date
    with respect to the remaining 75% of such securities; provided
    that with respect to shares or other securities acquired (or
    underlying securities acquired) by CSV in exchange for SM Cayman
    warrants, SM Cayman preferred shares or other SM Cayman
    securities exercisable for, or convertible into, SM Cayman
    ordinary shares, CSV will be subject to the same
    <FONT style="white-space: nowrap">lock-up</FONT>
    period as the other non-management shareholders, and with
    respect to shares acquired by CSV in exchange for SM Cayman
    ordinary shares held by it immediately prior to the closing of
    the business combination, the
    <FONT style="white-space: nowrap">lock-up</FONT>
    period shall apply until twelve months from the closing date
    with respect to 10% of such shares, eighteen months from the
    closing date with respect to 15% of such shares and twenty-four
    months from the closing date with respect to the remaining 75%
    of such shares. In addition, 1,268,795&#160;ordinary shares and
    396,826 warrants of ID Cayman (and shares underlying such
    warrants) issuable to Linden Ventures as a warrantholder and
    upon conversion of the Linden Note pursuant to the share
    exchange agreement will be subject to
    <FONT style="white-space: nowrap">lock-up</FONT> for
    six months.
</DIV>


<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    The forms of
    <FONT style="white-space: nowrap">lock-up</FONT> are
    discussed in more detail in the section titled &#147;Certain
    Agreements Relating to the Business Combination&#160;&#151;
    <FONT style="white-space: nowrap">Lock-Up</FONT>
    Agreements.&#148;
</DIV>
<A name='114'>
<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">Registration
    Rights Agreement</FONT></B>
</DIV>

</A>
<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    At the closing of the business combination, ID Cayman and
    certain of the SM Cayman shareholders and warrantholders will
    enter into a registration rights agreement pursuant to which
    such SM Cayman shareholders and warrantholders will be entitled
    to registration rights for any ID Cayman ordinary shares
    received by them in connection with the business combination
    (including any ordinary shares issued to them upon exercise of
    warrants of ID Cayman, or conversion of preferred shares of ID
    Cayman received in connection with the business combination).
    Holders of the registration rights will be entitled to deliver a
    demand or &#147;piggyback&#148; notice to ID Cayman under the
    registration rights agreement to register certain of their
    shares prior to the expiration of the applicable
    <FONT style="white-space: nowrap">lock-up</FONT>
    periods, but, in general, they may not offer for sale, sell or
    otherwise dispose of such shares before the expiration of such
    <FONT style="white-space: nowrap">lock-up</FONT>
    periods, except in an underwritten secondary offering. Pursuant
    to the registration rights agreement, SM Cayman shareholders and
    warrantholders holding at least 50% of the registrable
    securities then outstanding are entitled to demand that ID
    Cayman register the
</DIV>

</DIV><!-- End box 1 -->

<P align="center" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <BR>
    20
</DIV><!-- END PAGE WIDTH -->
<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>

<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->
<DIV style="width: 100%; height: 9in; border-top: 1px solid #000000; padding-top: 12pt; border-right: 1px solid #000000; padding-right: 12pt; border-bottom: 1px solid #000000; padding-bottom: 12pt; border-left: 1px solid #000000; padding-left: 12pt"><!-- Begin box 1 -->

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    ordinary shares held by the SM Cayman shareholders who have
    registration rights. In addition, the SM Cayman shareholders and
    warrantholders who enter into the registration rights agreement
    will have &#147;piggy-back&#148; registration rights on
    registration statements filed subsequent to the date of the
    business combination. ID Cayman will bear the expenses incurred
    in connection with the filing of any such registration
    statements.
</DIV>
<A name='115'>
<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">Actions
    That May Be Taken to Secure Approval of Ideation
    Stockholders</FONT></B>
</DIV>

</A>
<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    After April&#160;1, 2009, Ideation may seek to purchase, or
    enter into contracts to purchase, shares of Ideation common
    stock either in the open market or in privately negotiated
    transactions. Any such purchases and contracts would be effected
    pursuant to a 10b(5)-1 plan or at a time when Ideation, its
    initial stockholders or their affiliates are not aware of
    material nonpublic information regarding Ideation or its
    securities. Such purchases could involve the incurrence of
    indebtedness by Ideation, payment of significant fees or
    interest payments or the issuance of additional Ideation
    securities. Any purchases other than ordinary course purchases
    shall require the prior approval of the SM Cayman
    shareholders&#146; representatives, any such approval not to be
    unreasonably withheld or delayed. If such approval is
    unreasonably withheld or delayed under certain circumstances,
    the obligation of The Frost Group, LLC to make sponsor purchases
    (discussed below) will terminate. An ordinary course purchase is
    a forward purchase between Ideation and a non-affiliate Ideation
    stockholder in which Ideation will purchase some or all of such
    stockholders&#146; shares of Ideation after closing, which
    contracts are not binding on SM Cayman or its assets. A
    condition to the closing of such contracts will be that all
    shares purchased would be voted in favor of the business
    combination. These purchases or arrangements could result in an
    expenditure of a substantial amount of funds in the trust
    account.
</DIV>


<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Commencing on April&#160;1, 2009 and continuing until no later
    than 4:30&#160;p.m.&#160;Eastern standard time on the day that
    is two business days before the special meeting of Ideation
    stockholders, The Frost Group, LLC, through itself, its
    affiliates or others, will purchase
    <FONT style="white-space: nowrap">and/or</FONT> enter
    into forward contracts to purchase shares of Ideation common
    stock in the open market or in privately negotiated transactions
    in an amount equal to the Sponsor Purchase Commitment Amount.
    Such purchases will be conducted in compliance with the
    Securities Act, the Exchange Act and any other applicable law.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    The aggregate amount of shares purchased pursuant to these
    arrangements and the total number of IPO Shares held by The
    Frost Group, LLC, though itself, its affiliates or others will
    be disclosed to Ideation stockholders in a Current Report on
    Form&#160;8-K as soon as practicable before the open of trading
    on the NYSE Amex on the day that is one business day before the
    special meeting of Ideation stockholders. We acknowledge that
    the timing of this disclosure limits the amount of time Ideation
    stockholders will have to consider the impact of these purchases
    before such stockholders submit a proxy, revoke a previously
    submitted proxy or otherwise vote on the proposals to be
    considered at the special meeting.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    The purpose of such purchases or arrangements would be to
    increase the likelihood of satisfaction of the requirements that
    the holders of a majority of the IPO Shares present in person or
    represented by proxy and entitled to vote on a business
    combination vote in its favor and that holders of fewer than 30%
    of the IPO Shares both vote against a business combination and
    demand conversion of their IPO Shares into cash, where it
    appears that such requirements would otherwise not be met. If
    the business combination transaction is not closed despite such
    purchases, the purchasers would be entitled to participate in
    liquidating distributions from Ideation&#146;s trust fund with
    respect to such shares.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Purchases pursuant to such arrangements by Ideation may
    ultimately be paid for with funds in its trust account, which
    could greatly diminish the funds released to Ideation from the
    trust account upon closing of the business combination, and
    would decrease the amount available to Ideation under the trust
    account for working capital and general corporate purposes.
    Nevertheless, in all events Ideation believes there will be
    sufficient funds available to it from the trust account to pay
    the holders of all IPO Shares that are properly converted and
    Ideation will reserve funds for such purpose.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Any share purchase by Ideation from existing Ideation
    stockholders would increase the post-transaction percentage of
    ID Cayman interests held by the current shareholders of SM
    Cayman. Any sponsor purchase of Ideation shares in the open
    market would have no impact on the post-transaction ownership of
    ID Cayman by
</DIV>
</DIV><!-- End box 1 -->

<P align="center" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <BR>
    21
</DIV><!-- END PAGE WIDTH -->
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<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>

<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->
<DIV style="width: 100%; height: 9in; border-top: 1px solid #000000; padding-top: 12pt; border-right: 1px solid #000000; padding-right: 12pt; border-bottom: 1px solid #000000; padding-bottom: 12pt; border-left: 1px solid #000000; padding-left: 12pt"><!-- Begin box 1 -->

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    current SM Cayman shareholders. Any sponsor purchase from
    Ideation would decrease the post-transaction percentage of ID
    Cayman interests held by the current shareholders of SM Cayman.
</DIV>
<A name='362'>
<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">ID Cayman
    New Warrants</FONT></B>
</DIV>

</A>
<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    In consideration of the Sponsor Purchase Commitment Amount and
    the commitment of the Converting Noteholders, The Frost Group,
    LLC and its affiliates and the Converting Noteholders shall,
    immediately prior to closing of the business combination, be
    issued a warrant to purchase 0.25 of an ID Cayman share for each
    share purchased in satisfaction of the Sponsor Purchase
    Commitment Amount or acquired upon conversion of such notes. The
    exercise price per whole ID Cayman Share underlying such
    warrants shall be $7.8815, and the aggregate number of shares
    underlying such warrants shall be rounded up to the nearest
    whole share.
</DIV>

<A name='363'>
<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">Post-Closing
    Financing</FONT></B>
</DIV>
</A>
<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Ideation has entered into a letter agreement with the Converting
    Noteholders and The Frost Group, LLC. Pursuant to the letter
    agreement, if at any time during the two years following the
    closing of the business combination, ID Cayman issues any
    preferred shares or other equity securities (including
    securities convertible into or exchangeable for preferred shares
    or other equity securities), the parties to the letter agreement
    will have the right to exchange, for such securities, any
    ordinary shares of ID Cayman acquired by them as a result of:
</DIV>

<DIV style="margin-top: 3pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="8%"></TD>
    <TD width="4%"></TD>
    <TD width="88%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    (1)&#160;
</TD>
    <TD align="left">
    conversion of an interim note from SM Cayman or the Linden Note;
</TD>
</TR>


<TR style="line-height: 3pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    (2)&#160;
</TD>
    <TD align="left">
    warrant exercises to satisfy the Sponsor Purchase Commitment
    Amount; or
</TD>
</TR>


<TR style="line-height: 3pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    (3)&#160;
</TD>
    <TD align="left">
    open market purchases or new issuances of Ideation shares to
    satisfy the Sponsor Purchase Commitment Amount,
</TD>
</TR>

</TABLE>


<DIV style="margin-top: 3pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    up to the amount of such issuance by ID Cayman. The valuation of
    the exchanged ordinary shares will be $7.8815 per share.
    Ideation will enter into the same letter agreement with any
    other person or entity that purchases Ideation shares in
    satisfaction of the Sponsor Purchase Commitment Amount after the
    date of such letter agreement.
</DIV>

<A name='364'>
<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">Rescission
    Rights</FONT></B>
</DIV>
</A>
<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Ideation&#146;s Amended and Restated Certificate of
    Incorporation and IPO prospectus stated that only those holders
    of IPO Shares who vote against the business combination will
    have the right to convert their IPO Shares into cash if the
    business combination is approved and completed. Furthermore,
    Ideation&#146;s IPO prospectus stated that specific provisions
    in its Amended and Restated Certificate of Incorporation,
    including provisions of Article&#160;Sixth setting forth
    conversion rights, would not be amended prior to the
    consummation of an initial business combination without the
    affirmative vote of 95% of the outstanding shares of common
    stock of the company. The IPO prospectus further stated that
    while the validity under Delaware law of a 95% supermajority
    provision restricting the ability to amend the charter has not
    been settled, Ideation would not take any actions to waive or
    amend any of those provisions.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Ideation is now taking action to amend Section&#160;D of Article
    Sixth of the Amended and Restated Certificate of Incorporation
    and extend conversion rights upon completion of the business
    combination to holders of IPO Shares who vote either for or
    against the business combination. Accordingly, each purchaser of
    IPO Shares or warrants issued in the IPO could assert federal or
    state securities law claims against Ideation for rescission, if
    such purchaser still holds the securities, or damages, if such
    purchaser no longer holds the securities. In a rescission claim,
    a successful claimant has the right to receive the total amount
    paid for the securities purchased pursuant to an allegedly
    deficient prospectus, plus interest and less any income earned
    on the securities, in exchange for surrender of the securities.
    In a claim for damages, a successful claimant may be awarded
    compensation for loss on an investment caused by an alleged
    material misrepresentation or omission in the sale of a
    security, including, possibly, punitive damages, together with
    interest.
</DIV>
</DIV><!-- End box 1 -->

<P align="center" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <BR>
    22
</DIV><!-- END PAGE WIDTH -->
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<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>

<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->
<DIV style="width: 100%; height: 9in; border-top: 1px solid #000000; padding-top: 12pt; border-right: 1px solid #000000; padding-right: 12pt; border-bottom: 1px solid #000000; padding-bottom: 12pt; border-left: 1px solid #000000; padding-left: 12pt"><!-- Begin box 1 -->
<A name='116'>
<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">Date,
    Time and Place of Special Meeting of Ideation
    Stockholders</FONT></B>
</DIV>

</A>
<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    The special meeting of the Ideation stockholders will be held at
    the offices of Akerman Senterfitt, One Southeast
    3<SUP style="font-size: 85%; vertical-align: top">rd</SUP>&#160;Avenue,

    Miami, Florida 33131 at 8:30 am Eastern time, on
    October&#160;27, 2009, to consider and vote upon the Charter
    Amendment Proposal, the Redomestication Proposal, the Business
    Combination Proposal, the Share Increase Proposal, the
    Declassification Proposal, the Amendment Proposal, the
    Shareholder Consent Proposal, the Corporate Existence Proposal,
    the Share Incentive Plan Proposal and the Adjournment Proposal.
</DIV>

<A name='117'>
<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">Voting
    Power; Record Date</FONT></B>
</DIV>
</A>
<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    You will be entitled to vote or direct votes to be cast at the
    special meeting if you owned shares of Ideation common stock at
    the close of business on October&#160;2, 2009, the record date
    for the special meeting. You will have one vote for each share
    of Ideation common stock you owned at the close of business on
    the record date. Ideation warrants do not have voting rights. On
    the record date, there were 12,500,000&#160;shares of Ideation
    common stock outstanding.
</DIV>
<A name='118'>
<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">Approval
    of the SearchMedia Shareholders</FONT></B>
</DIV>
</A>
<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    The transactions contemplated in the share exchange agreement
    have been approved by or on behalf of all of the SearchMedia
    shareholders. Accordingly, no further action by the SearchMedia
    shareholders is needed to approve the business combination.
</DIV>
<A name='119'>
<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">Quorum
    and Vote Required to Approve the Proposals by the Ideation
    Stockholders</FONT></B>
</DIV>
</A>
<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="4%"></TD>
    <TD width="2%"></TD>
    <TD width="94%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    A quorum of Ideation stockholders is necessary to hold a valid
    meeting. A quorum will be present at the Ideation special
    meeting if a majority of the outstanding shares entitled to vote
    at the meeting are represented in person or by proxy.
    Abstentions and broker non-votes will count as present for the
    purposes of establishing a quorum.
</TD>
</TR>

</TABLE>


<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="4%"></TD>
    <TD width="2%"></TD>
    <TD width="94%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    The approval of the Charter Amendment Proposal, Redomestication
    Proposal, the Share Increase Proposal, the Declassification
    Proposal, the Amendment Proposal, the Shareholder Consent
    Proposal, the Corporate Existence Proposal, and the Share
    Incentive Plan Proposal will require the affirmative vote of the
    holders of a majority of the outstanding shares of Ideation
    common stock on the record date.
</TD>
</TR>

</TABLE>



<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="4%"></TD>
    <TD width="2%"></TD>
    <TD width="94%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    Pursuant to Ideation&#146;s Amended and Restated Certificate of
    Incorporation and the rules of the NYSE Amex, the business
    combination will be completed only if (1)&#160;it is approved by
    a majority of the IPO Shares voted at a duly held stockholders
    meeting in person or by proxy, (2)&#160;it is approved by a
    majority of the votes cast on the proposal, and (3)&#160;fewer
    than 30% of stockholders owning IPO Shares both (a) vote against
    the business combination and (b)&#160;exercise their conversion
    rights to have their shares of common stock converted to cash.
</TD>
</TR>

</TABLE>


<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="4%"></TD>
    <TD width="2%"></TD>
    <TD width="94%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    The approval of the Adjournment Proposal will require the
    affirmative vote of holders of a majority of the voting power of
    Ideation&#146;s common stock, represented in person or by proxy
    at the meeting.
</TD>
</TR>

</TABLE>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Abstentions will have the same effect as a vote against the
    Charter Amendment Proposal, the Redomestication Proposal, the
    Share Increase Proposal, the Declassification Proposal, the
    Amendment Proposal, the Shareholder Consent Proposal, the
    Corporate Existence Proposal, the Share Incentive Plan Proposal
    and the Adjournment Proposal, but will have no effect on the
    Business Combination Proposal. Broker non-votes, while
    considered present for the purposes of establishing a quorum,
    will have the effect of votes against the Charter Amendment
    Proposal, the Redomestication Proposal, the Share Increase
    Proposal, the Declassification Proposal, the Amendment Proposal,
    the Shareholder Consent Proposal, the Corporate Existence
    Proposal and the Share Incentive Plan Proposal but will have no
    effect on the Business Combination Proposal or the Adjournment
    Proposal. Because NYSE Amex rules provide that only votes cast
    at the meeting will count toward the vote on the Business
    Combination Proposal, abstentions and broker non-votes will have
    no effect on the Business Combination.
</DIV>
</DIV><!-- End box 1 -->

<P align="center" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <BR>
    23
</DIV><!-- END PAGE WIDTH -->
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<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->
<DIV style="width: 100%; height: 9in; border-top: 1px solid #000000; padding-top: 12pt; border-right: 1px solid #000000; padding-right: 12pt; border-bottom: 1px solid #000000; padding-bottom: 12pt; border-left: 1px solid #000000; padding-left: 12pt"><!-- Begin box 1 -->
<A name='120'>
<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">Relationship
    of Proposals</FONT></B>
</DIV>
</A>
<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    The Business Combination Proposal will be submitted to the vote
    of Ideation stockholders only if both the Charter Amendment
    Proposal and the Redomestication Proposal are approved. If
    approved, the business combination will not be completed unless
    each of the Share Increase Proposal, the Declassification
    Proposal, the Amendment Proposal, the Shareholder Consent
    Proposal, and the Corporate Existence Proposal are approved. The
    redomestication will not be completed unless the Business
    Combination Proposal is approved.
</DIV>
<A name='122'>
<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">Proxies</FONT></B>
</DIV>
</A>
<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Proxies may be solicited by mail, telephone or in person. If you
    grant a proxy, you may revoke your proxy before it is exercised
    at the special meeting by sending a notice of revocation to the
    secretary of Ideation, submitting a later-dated proxy, or voting
    in person at the special meeting.
</DIV>
<A name='123'>
<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">Stock
    Ownership</FONT></B>
</DIV>
</A>
<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    On the record date, directors and executive officers of Ideation
    and its affiliates beneficially owned and were entitled to
    vote&#160;&#160;&#160;&#160;&#160;&#160;&#160;shares of Ideation
    common stock, representing
    approximately&#160;&#160;&#160;&#160;&#160;% of Ideation&#146;s
    issued and outstanding common stock.
</DIV>
<A name='124'>
<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">Interests
    of Ideation Officers and Directors in the Business
    Combination</FONT></B>
</DIV>
</A>
<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    When you consider the unanimous recommendation of the Ideation
    board of directors in favor of adoption of the Charter Amendment
    Proposal, Redomestication Proposal, the Business Combination
    Proposal, the Share Increase Proposal, the Declassification
    Proposal, the Amendment Proposal, the Shareholder Consent
    Proposal, the Corporate Existence Proposal and the Share
    Incentive Plan Proposal, you should note that Ideation&#146;s
    officers and directors have interests in the transaction that
    are different from, or in addition to, your interests as a
    stockholder. These interests include, among other things:
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="4%"></TD>
    <TD width="2%"></TD>
    <TD width="94%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    If the business combination is not approved and Ideation is
    unable to complete another business combination by
    November&#160;19, 2009, Ideation will be required to liquidate.
    In such event, the 2,500,000&#160;shares of common stock held by
    Ideation officers, directors and affiliates, which were acquired
    prior to the IPO for an aggregate purchase price of $25,000,
    will be worthless, as will the 2,400,000 warrants that were
    acquired simultaneously with the IPO for an aggregate purchase
    price of $2,400,000. The Ideation officers, directors and
    holders of initial shares currently hold 3,277,900&#160;shares
    of the common stock and 3,691,200 of the warrants. Such common
    stock and warrants had an aggregate market value of
    $&#160;&#160;&#160;&#160;&#160; based on the last sale price of
    $&#160;&#160;&#160;&#160;&#160; and
    $&#160;&#160;&#160;&#160;&#160; , respectively, on the NYSE Amex
    on October&#160;2, 2009, the record date.
</TD>
</TR>

</TABLE>


<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="4%"></TD>
    <TD width="2%"></TD>
    <TD width="94%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    In connection with the IPO, Ideation&#146;s current officers and
    directors agreed to indemnify Ideation for debts and obligations
    to vendors owed by Ideation, but only to the extent necessary to
    ensure that certain liabilities do not reduce funds in the trust
    account. If the business combination is consummated,
    Ideation&#146;s officers and directors will not have to perform
    such obligations. Ideation does not have sufficient funds
    outside of the trust account to pay these obligations.
    Therefore, if the business combination is not consummated and
    vendors that have not signed waivers sue the trust account and
    win their cases, the trust account could be reduced by the
    amount of the claims and Ideation&#146;s officers and directors
    would be required to fulfill their indemnification obligations.
</TD>
</TR>

</TABLE>


<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="4%"></TD>
    <TD width="2%"></TD>
    <TD width="94%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    Warrants to purchase Ideation common stock held by
    Ideation&#146;s officers and directors are exercisable upon
    consummation of the business combination. Based upon the closing
    price of Ideation&#146;s common stock on October&#160;2, 2009,
    the record date, of $&#160;&#160;&#160;&#160;&#160;, if all
    warrants held by Ideation&#146;s officers and directors were
    exercised for common stock the value of such shares of common
    stock would be approximately $&#160;&#160;&#160;&#160;&#160;.
</TD>
</TR>

</TABLE>
</DIV><!-- End box 1 -->

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    <BR>
    24
</DIV><!-- END PAGE WIDTH -->
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<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>

<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->
<DIV style="width: 100%; height: 9in; border-top: 1px solid #000000; padding-top: 12pt; border-right: 1px solid #000000; padding-right: 12pt; border-bottom: 1px solid #000000; padding-bottom: 12pt; border-left: 1px solid #000000; padding-left: 12pt"><!-- Begin box 1 -->


<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="4%"></TD>
    <TD width="2%"></TD>
    <TD width="94%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    All rights specified in Ideation&#146;s Amended and Restated
    Certificate of Incorporation relating to the right of officers
    and directors to be indemnified by Ideation, and of
    Ideation&#146;s officers and directors to be exculpated from
    monetary liability with respect to prior acts or omissions, will
    continue after the business combination. If the business
    combination is not approved and Ideation liquidates, Ideation
    will not be able to perform its obligations to its officers and
    directors under those provisions.
</TD>
</TR>

</TABLE>


<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="4%"></TD>
    <TD width="2%"></TD>
    <TD width="94%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    In consideration of the Sponsor Purchase Commitment Amount, The
    Frost Group, LLC and its affiliates and other non-affiliates
    will receive a warrant to purchase 0.25 of an ordinary share of
    ID Cayman for each ordinary share it acquired, or will acquire,
    in connection with the satisfaction of the Sponsor Purchase
    Commitment Amount and upon the Converting Noteholders&#146;
    conversion of their notes into ordinary shares of ID Cayman.
    Accordingly, the interests of The Frost Group, LLC and its
    affiliates may be different from those of stockholders who will
    not receive such warrants.
</TD>
</TR>

</TABLE>


<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="4%"></TD>
    <TD width="2%"></TD>
    <TD width="94%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    On March&#160;18 and March&#160;19, 2009, SearchMedia received
    interim financing of $1.75&#160;million from Frost Gamma
    Investments Trust, Robert Fried, Rao Uppaluri, and others, and
    interim financing of $1.75&#160;million from CSV and members of
    SearchMedia&#146;s management team. This financing was requested
    by SearchMedia in order to fund working capital until the
    closing of the transactions contemplated by the share exchange
    agreement. The affiliates of Ideation set forth above
    participated in such financing in order to demonstrate support
    for the transactions contemplated by the share exchange
    agreement. Each interim note accrues interest at a rate of 12%
    per annum, which rate will increase to 20% per annum after the
    maturity date of such note. Each note will mature upon the
    earliest of: (i)&#160;the closing of a Series&#160;D financing
    by SM Cayman, (ii)&#160;the closing of the transactions
    contemplated by the share exchange agreement, and (iii)&#160;the
    termination of the share exchange agreement. At the closing of
    the business combination, the principal amount outstanding under
    such notes will be converted into (1)&#160;a number of ordinary
    shares of ID Cayman calculated by dividing such outstanding
    principal amounts by $7.8815, rounding up to the nearest whole
    share, and (2)&#160;a number of warrants to purchase 0.25 of an
    ordinary share of ID Cayman, at an exercise price per such
    ordinary share of $7.8815, equal to such number of ID Cayman
    ordinary shares.
</TD>
</TR>

</TABLE>


<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="4%"></TD>
    <TD width="2%"></TD>
    <TD width="94%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    Ideation has entered into a letter agreement with the Converting
    Noteholders and The Frost Group, LLC. Pursuant to the letter
    agreement, if at any time during the two years following the
    closing of the business combination, ID Cayman issues any
    preferred shares or other equity securities (including
    securities convertible into or exchangeable for preferred shares
    or other equity securities), the parties to the letter agreement
    will have the right to exchange, for such securities, any
    ordinary shares of ID Cayman acquired by them as a result of:
</TD>
</TR>

</TABLE>

<DIV style="margin-top: 3pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="8%"></TD>
    <TD width="4%"></TD>
    <TD width="88%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    (1)&#160;
</TD>
    <TD align="left">
    conversion of an interim note from SM Cayman or the Linden Note;
</TD>
</TR>


<TR style="line-height: 3pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    (2)&#160;
</TD>
    <TD align="left">
    warrant exercises to satisfy the Sponsor Purchase Commitment
    Amount; or
</TD>
</TR>


<TR style="line-height: 3pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    (3)&#160;
</TD>
    <TD align="left">
    open market purchases or new issuances of Ideation shares to
    satisfy the Sponsor Purchase Commitment Amount,
</TD>
</TR>

</TABLE>


<DIV style="margin-top: 3pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 6%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    up to the amount of such issuance by ID Cayman. The valuation of
    the exchanged ordinary shares will be $7.8815 per share.
    Ideation will enter into the same letter agreement with any
    other person or entity that purchases Ideation shares in
    satisfaction of the Sponsor Purchase Commitment Amount after the
    date of such letter agreement.
</DIV>

<A name='125'>
<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">Interests
    of SearchMedia Officers and Directors in the Business
    Combination</FONT></B>
</DIV>

</A>
<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    When you consider the Charter Amendment Proposal,
    Redomestication Proposal, the Business Combination Proposal, the
    Share Increase Proposal, the Declassification Proposal, the
    Amendment Proposal, the Shareholder Consent Proposal, the
    Corporate Existence Proposal and the Share Incentive Plan
    Proposal, you should note that SearchMedia&#146;s executive
    officers and directors, some of whom will become executive
    officers and directors of ID Cayman following consummation of
    the business combination, have interests in the transaction that
    are different from, or in addition to, your interests as a
    stockholder. These interests include, among other things:
</DIV>

</DIV><!-- End box 1 -->

<P align="center" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <BR>
    25
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<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>

<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->
<DIV style="width: 100%; height: 9in; border-top: 1px solid #000000; padding-top: 12pt; border-right: 1px solid #000000; padding-right: 12pt; border-bottom: 1px solid #000000; padding-bottom: 12pt; border-left: 1px solid #000000; padding-left: 12pt"><!-- Begin box 1 -->


<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Upon the closing of the business combination, affiliates or
    immediate relatives of certain directors and officers of
    SearchMedia are expected to, in aggregate: (1)&#160;beneficially
    own 1,351,445 ordinary shares of ID Cayman; (2)&#160;hold
    warrants to purchase 855,739 ordinary shares of ID Cayman;
    (3)&#160;hold certain promissory notes the principal amount of
    which will be converted to (i)&#160;190,320 ordinary shares of
    ID Cayman and (ii)&#160;190,320 warrants of ID Cayman (each of
    such warrants to purchase 0.25 of an ordinary share of ID Cayman
    at an exercise price per ordinary share of $7.8815 rounding up
    to the nearest whole share); and (4)&#160;an option to purchase
    40,522 ordinary shares of ID Cayman. Certain such persons are
    also expected to be subject to a
    <FONT style="white-space: nowrap">12-or</FONT>
    <FONT style="white-space: nowrap">24-month</FONT>
    <FONT style="white-space: nowrap">lock-up</FONT>
    agreement as described in
    <FONT style="white-space: nowrap">&#147;Lock-Up</FONT>
    Agreements.&#148; Such persons are expected to beneficially own
    up to 2,738,196 additional ID Cayman ordinary shares pursuant to
    an earn-out provision in the share exchange agreement based on
    the adjusted net income of the combined company for the fiscal
    years ending December&#160;31, 2009. See &#147;Acquisition
    Consideration.&#148; ID Cayman and the SearchMedia shareholders
    will also enter into a registration rights agreement for their
    ID Cayman ordinary shares to be received in connection with the
    business combination. See &#147;Certain Agreements Relating to
    the Business Combination&#160;&#151; Registration Rights
    Agreements.&#148;
</DIV>


<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Some of the Converting Noteholders who have entered into the
    letter agreement with Ideation are officers or directors of
    SearchMedia. Pursuant to the letter agreement, if at any time
    during the two years following the closing of the business
    combination, ID Cayman issues any preferred shares or other
    equity securities (including securities convertible into or
    exchangeable for preferred shares or other equity securities),
    these parties will have the right to exchange, for such
    securities, any ordinary shares of ID Cayman acquired by them as
    a result of conversion of their interim note up to the amount of
    such issuance by ID Cayman. The valuation of the exchanged
    ordinary shares will be $7.8815 per share.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Ms. Qinying Liu and Ms.&#160;Le Yang have agreed to repay an
    aggregate of RMB&#160;4,289,889 owed by them to SM Cayman prior
    to the closing of the business combination. They may do so in
    cash or by surrendering a number of ordinary shares of SM Cayman
    owned by them prior to closing equal in value to such amount.
</DIV>

<A name='126'>
<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">Conditions
    to the Closing of the Share Exchange Agreement</FONT></B>
</DIV>


</A>
<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Consummation of the share exchange agreement and the related
    transactions is conditioned on (i)&#160;the Ideation board not
    having withdrawn its approval of the terms and conditions of the
    business combination; (ii)&#160;the Ideation common stockholders
    approving the redomestication; (iii)&#160;the Ideation common
    stockholders approving the charter amendment; and (iv)&#160;the
    business combination being (1)&#160;approved by a majority of
    the IPO Shares, voted at a duly held stockholders meeting in
    person or by proxy, (2)&#160;approved by a majority of the votes
    cast on the proposal, and (3)&#160;fewer than 30% of the
    stockholders owning IPO Shares both (a)&#160;vote against the
    business combination and (b)&#160;exercise their conversion
    rights to have their shares of common stock converted to cash.
</DIV>


<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    In addition, the consummation of the transactions contemplated
    by the share exchange agreement is conditioned upon certain
    closing conditions, including:
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="4%"></TD>
    <TD width="2%"></TD>
    <TD width="94%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    the representations and warranties of the Ideation parties on
    one hand and the SearchMedia parties on the other hand being
    true and correct as of the closing, except where the failure of
    such representations and warranties to be so true and correct,
    individually or in the aggregate, has not had or would not
    reasonably be expected to have a material adverse effect on such
    parties, and all covenants contained in the share exchange
    agreement have been materially complied with by such party and
    the delivery by each party to the other party of a certificate
    to such effect;
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    no action, suit or proceeding shall have been instituted before
    any court or governmental or regulatory body or instituted or
    threatened by any governmental authorities to restrain, modify
    or prevent the carrying out of the transactions contemplated by
    the share exchange agreement;&#160;and
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    no injunction or other order issued by any governmental
    authority or court of competent jurisdiction prohibiting the
    consummation of such transactions.
</TD>
</TR>

</TABLE>
</DIV><!-- End box 1 -->

<P align="center" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <BR>
    26
</DIV><!-- END PAGE WIDTH -->
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<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>

<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->
<DIV style="width: 100%; height: 9in; border-top: 1px solid #000000; padding-top: 12pt; border-right: 1px solid #000000; padding-right: 12pt; border-bottom: 1px solid #000000; padding-bottom: 12pt; border-left: 1px solid #000000; padding-left: 12pt"><!-- Begin box 1 -->

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 2%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><I><FONT style="font-family: 'Times New Roman', Times">SearchMedia
    Parties&#146; Conditions to Closing of the Share Exchange
    Agreement</FONT></I></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    The obligations of the SearchMedia parties to consummate the
    transactions contemplated by the share exchange agreement, in
    addition to the conditions described above, are conditioned upon
    each of the following, among other things:
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="4%"></TD>
    <TD width="2%"></TD>
    <TD width="94%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    there shall have been no material adverse effect with respect to
    Ideation since September&#160;30, 2008;
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    the receipt of necessary consents, authorizations and approvals
    by Ideation stockholders and third parties and the completion of
    necessary proceedings;
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    the resignation of those officers and directors who are not
    continuing as officers and directors of ID Cayman, together with
    a written release from each such director and officer that such
    person has no claim for employment or other compensation in any
    form from Ideation except for any reimbursement of outstanding
    expenses existing as of the date of such resignation;
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    SearchMedia shall have received legal opinions customary for
    transactions of this nature, from counsel to the Ideation
    parties;
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    Ideation shall have given instructions to the trustee of the
    trust account to have the monies in the trust account disbursed
    immediately upon the closing of the business combination;
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    Ideation shall have filed all reports and other documents
    required to be filed by Ideation under the U.S.&#160;federal
    securities laws through the closing date of the share exchange
    agreement;&#160;and
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    SearchMedia shall have received investor representation letters
    executed by each affiliate of Ideation who will receive ID
    Cayman shares at the closing in respect of certain SM Cayman
    promissory notes or SM Cayman securities held by such affiliate.
    Those affiliates are Frost Gamma Investments Trust (an affiliate
    of Dr.&#160;Phillip Frost), Robert N. Fried and Rao Uppaluri.
</TD>
</TR>

</TABLE>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 2%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><I><FONT style="font-family: 'Times New Roman', Times">Ideation&#146;s
    Conditions to Closing of the Share Exchange
    Agreement</FONT></I></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    The obligations of Ideation to consummate the transactions
    contemplated by the share exchange agreement, in addition to the
    conditions described above in the second paragraph of this
    section, are conditioned upon each of the following, among other
    things:
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="4%"></TD>
    <TD width="2%"></TD>
    <TD width="94%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    there shall have been no material adverse effect with respect to
    SearchMedia since June&#160;30, 2008;
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    the receipt of necessary consents, authorizations and approvals
    by Ideation stockholders and third parties and the completion of
    necessary proceedings;
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    Ideation shall have received legal opinions, customary for
    transactions of this nature, from counsel to SearchMedia;
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    Ideation shall have received investor representation letters
    executed by the shareholders and warrantholders of SM Cayman and
    holders of promissory notes, other than affiliates of Ideation;
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    the conversion of the preferred shares of SM Cayman to ordinary
    shares of SM Cayman shall have occurred;
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    each of Qinying Liu, Garbo Lee and Jennifer Huang shall have
    continued to serve in the same position at SM Cayman or the
    other SM Cayman group companies as such person was serving as of
    the date of the share exchange agreement, or in another senior
    management capacity;&#160;and
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    the delivery of certain financial statements by each of the SM
    entities and the SM Cayman shareholders which will show that the
    adjusted net income and EBITDA set forth in the financial
    statements for the 2008 fiscal year shall not be less than
    $15,297,000 and $30,218,000, respectively, and in the financial
    statements for the first quarter of 2009 shall not be less than
    $5,085,000 and $9,513,000, respectively.
</TD>
</TR>

</TABLE>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    If permitted under the applicable law, either Ideation or the
    representatives of the SearchMedia shareholders and, if
    applicable to matters affecting them, Linden Ventures, may waive
    any inaccuracies in the
</DIV>
</DIV><!-- End box 1 -->

<P align="center" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <BR>
    27
</DIV><!-- END PAGE WIDTH -->
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<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>

<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->
<DIV style="width: 100%; height: 9in; border-top: 1px solid #000000; padding-top: 12pt; border-right: 1px solid #000000; padding-right: 12pt; border-bottom: 1px solid #000000; padding-bottom: 12pt; border-left: 1px solid #000000; padding-left: 12pt"><!-- Begin box 1 -->

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    representations and warranties made to the Ideation parties or
    the SearchMedia parties and Linden Ventures, as applicable,
    contained in the share exchange agreement and waive compliance
    with any agreements or conditions for the benefit of such
    parties contained in the share exchange agreement. The condition
    requiring that the holders of less than 30% of the shares of
    common stock issued in connection with Ideation&#146;s IPO
    affirmatively vote against the Business Combination Proposal
    <U>and</U> demand conversion of their shares of common stock
    into cash may not be waived. We cannot assure you that any or
    all of the conditions will be satisfied or waived.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    To the extent a waiver by any party renders the statements in
    this proxy statement/prospectus materially misleading, Ideation
    intends to supplement this proxy statement/prospectus and
    resolicit proxies from its stockholders to the extent required
    by law.
</DIV>
<A name='127'>
<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">Exclusivity;
    No Other Negotiation</FONT></B>
</DIV>
</A>
<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    The share exchange agreement contains detailed provisions
    prohibiting each of Ideation, SearchMedia and the SearchMedia
    shareholders party to the share exchange agreement from seeking
    an alternative transaction. These covenants generally prohibit
    Ideation, SearchMedia and the SearchMedia shareholders party to
    the share exchange agreement, as well as their officers,
    directors, subsidiaries, employees, agents and representatives,
    from taking any action to solicit an alternative acquisition
    proposal.
</DIV>
<A name='128'>
<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">Termination</FONT></B>
</DIV>
</A>
<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    The share exchange agreement may be terminated
    <FONT style="white-space: nowrap">and/or</FONT>
    abandoned at any time prior to the closing, whether before or
    after approval of the proposals being presented to Ideation
    stockholders, by:
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="4%"></TD>
    <TD width="2%"></TD>
    <TD width="94%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    mutual written consent of SM Cayman and Ideation;
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    either Ideation or the SM Cayman shareholders&#146;
    representatives, if the closing has not occurred by
    (a)&#160;October&#160;30, 2009, or (b)&#160;such other date as
    may be mutually agreed to;
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    the SM Cayman shareholders&#146; representatives, if there has
    been a breach by Ideation of any representation, warranty,
    covenant or agreement contained in the share exchange agreement
    which has prevented the satisfaction of the conditions to the
    obligations of the SearchMedia parties under the share exchange
    agreement (which is deemed to have occurred if there is a
    material breach of the sponsor purchase commitment covenants of
    The Frost Group, LLC or the covenants of Ideation with respect
    to purchases of, and forward contracts to purchase, shares of
    Ideation common stock) and the violation or breach has not been
    waived by such representatives or cured by Ideation within
    30&#160;days after written notice from the SM Cayman
    shareholders&#146; representatives;
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    Ideation, if there has been a breach by the SearchMedia parties
    of any representation, warranty, covenant or agreement contained
    in the share exchange agreement which has prevented the
    satisfaction of the conditions to the obligations of Ideation
    under the share exchange agreement and such violation or breach
    has not been waived by Ideation or cured by the SearchMedia
    parties within 30&#160;days after written notice from Ideation;
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    the SM Cayman shareholders&#146; representatives or Ideation, if
    the Ideation board of directors fails to recommend or withdraws
    or modifies in a manner adverse to the SearchMedia parties its
    approval or recommendation of the share exchange agreement and
    the transactions contemplated under the share exchange agreement;
</TD>
</TR>

</TABLE>


<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="4%"></TD>
    <TD width="2%"></TD>
    <TD width="94%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    either Ideation or the SM Cayman shareholders&#146;
    representatives, if the redomestication and the business
    combination are not approved by Ideation stockholders or if
    holders of 30% or more of Ideation&#146;s IPO Shares both vote
    against the business combination and exercise their right to
    convert their shares of common stock into cash from the trust
    account;&#160;and
</TD>
</TR>

</TABLE>


<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="4%"></TD>
    <TD width="2%"></TD>
    <TD width="94%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    either Ideation or the SM Cayman shareholders&#146;
    representatives, if a court of competent jurisdiction or other
    governmental authority has issued a final, non-appealable order
    or injunction or taken any other action to permanently restrain,
    enjoin or prohibit the redomestication or the business
    combination.
</TD>
</TR>

</TABLE>
</DIV><!-- End box 1 -->

<P align="center" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <BR>
    28
</DIV><!-- END PAGE WIDTH -->
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<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>

<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->
<DIV style="width: 100%; height: 9in; border-top: 1px solid #000000; padding-top: 12pt; border-right: 1px solid #000000; padding-right: 12pt; border-bottom: 1px solid #000000; padding-bottom: 12pt; border-left: 1px solid #000000; padding-left: 12pt"><!-- Begin box 1 -->
<A name='365'>
<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">Effect of
    Termination; Termination Fee</FONT></B>
</DIV>
</A>
<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    In the event of termination by either Ideation or the
    SearchMedia shareholders&#146; representatives, except as set
    forth below, all further obligations of the parties shall
    terminate, each party shall bear its own costs and expenses and
    no party shall have any liability in respect of such termination.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    If the SM Cayman shareholders&#146; representatives terminate
    the share exchange agreement due to either: (a)&#160;a breach by
    Ideation of any representation, warranty, covenant or agreement
    contained in the share exchange agreement which has prevented
    the satisfaction of the conditions to the obligations of the
    SearchMedia parties under the share exchange agreement, which
    violation or breach has not been waived or cured as permitted by
    the share exchange agreement; or (b)&#160;the Ideation board of
    directors failing to recommend or withdrawing or modifying in a
    manner adverse to the SearchMedia parties its recommendation or
    approval of the share exchange agreement and the transactions
    contemplated under the share exchange agreement, then
    SearchMedia will be entitled to reimbursement of its costs and
    expenses up to $3,000,000 immediately upon termination, however,
    the SearchMedia parties have waived all claims against
    Ideation&#146;s trust account for the payment of this or any
    other fees or claims. In addition, if the SM Cayman
    shareholders&#146; representatives terminate the share exchange
    agreement due to a material, intentional breach by The Frost
    Group, LLC of its sponsor purchase commitment covenants, and
    Ideation enters into an agreement for an alternative transaction
    within six&#160;months of the termination, SM Cayman will be
    reimbursed for fees and expenses up to $3,000,000 by The Frost
    Group, LLC on the date of execution of such definitive
    agreement, which such amount received from The Frost Group, LLC
    shall reduce the amount that may be claimed from Ideation on a
    dollar-for-dollar basis.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    If Ideation terminates the share exchange agreement due to a
    breach by the SearchMedia parties of any representation,
    warranty, covenant or agreement contained in the share exchange
    agreement which has prevented the satisfaction of the conditions
    to the obligations of Ideation under the share exchange
    agreement, which violation or breach has not been waived or
    cured as permitted by the share exchange agreement, then
    Ideation will be entitled to reimbursement of its costs and
    expenses up to $3,000,000 immediately upon termination. However,
    if such termination relates to an intentional breach by any
    SearchMedia party and any SM Cayman entity enters into an
    agreement for an alternative transaction within six months after
    the termination, Ideation will be entitled to a termination fee
    equal to $10,000,000 plus reimbursement of all of its costs and
    expenses on the date of the execution of the definitive
    agreement.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    An &#147;alternative transaction&#148; means, with respect to
    the SearchMedia parties (subject to certain exceptions), (a)
    (i)&#160;a business combination involving SM Cayman,
    (ii)&#160;the issuance by SM Cayman of over 50% of the SM Cayman
    ordinary shares as consideration for the assets or securities of
    another person or (iii)&#160;the acquisition, directly or
    indirectly, of over 50% of the SM Cayman ordinary shares or
    consolidated total assets of SM Cayman (including by way of
    acquisition of one or more of the Group Companies) or
    (b)&#160;any private equity financing with proceeds in excess of
    $15&#160;million (exclusive of any commissions or management
    fees); and with respect to Ideation, means any &#147;initial
    business combination&#148; (as defined in Ideation&#146;s
    Amended and Restated Certificate of Incorporation).
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    In addition to the termination rights set forth in the share
    exchange agreement, each of Ideation and the SM Cayman
    shareholders&#146; representatives will have the right at any
    time to immediately seek injunctive relief, an award of specific
    performance or any other equitable relief against such other
    party to the share exchange agreement.
</DIV>
<A name='129'>
<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">Amendment</FONT></B>
</DIV>
</A>
<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    The share exchange agreement may be amended at any time by
    execution of an instrument in writing signed on behalf of
    Ideation and a majority of the SM Cayman shareholders&#146;
    representatives and Linden Ventures, if required, as described
    below.
</DIV>
</DIV><!-- End box 1 -->

<P align="center" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <BR>
    29
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<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>

<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->
<DIV style="width: 100%; height: 9in; border-top: 1px solid #000000; padding-top: 12pt; border-right: 1px solid #000000; padding-right: 12pt; border-bottom: 1px solid #000000; padding-bottom: 12pt; border-left: 1px solid #000000; padding-left: 12pt"><!-- Begin box 1 -->
<A name='327'>
<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">Amendments
    to Share Exchange Agreement</FONT></B>
</DIV>
</A>
<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    On May&#160;27, 2009, Ideation entered into an amendment, which
    we refer to as the first amendment, to the Agreement and Plan of
    Merger, Conversion and Share Exchange, which we refer to as the
    share exchange agreement, with Earl Yen, Tommy Cheung, Stephen
    Lau and Qinying Liu, as the SM Cayman shareholders&#146;
    representatives. The first amendment amends the share exchange
    agreement to provide that the consent of Linden Ventures will be
    required in the event of any amendment to or waiver of any
    provision contained in certain sections of the share exchange
    agreement that directly affect Linden Ventures or if any
    amendment or waiver disproportionately affects Linden Ventures
    relative to other SM Cayman securityholders.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    In addition, the first amendment provides for an amendment to
    the Memorandum and Articles of Association of ID Cayman
    following completion of the business combination to provide that
    the Series&#160;A preferred shares of ID Cayman shall be
    convertible, at the option of the holder, at any time after six
    months, rather than eighteen months, following the original
    issue date.
</DIV>


<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    On September&#160;8, 2009, Ideation entered into an amendment,
    which we refer to as the second amendment, to the share exchange
    agreement with Earl Yen, Tommy Cheung, Stephen Lau, Qinying Liu,
    Linden Ventures, Vervain Equity Investment Limited, Sun Hing
    Associates Limited and The Frost Group, LLC. The second
    amendment amends the share exchange agreement to provide the
    following:
</DIV>



<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="4%"></TD>
    <TD width="2%"></TD>
    <TD width="94%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    acknowledgement of the transfer of the SM Cayman Series&#160;C
    preferred shares owned by Gentfull Investment Limited and Gavast
    Estates Limited to Vervain Equity Investment Limited and Sun
    Hing Associates Limited, respectively, their affiliates and the
    joinder of such transferees to the share exchange agreement;
</TD>
</TR>

</TABLE>


<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="4%"></TD>
    <TD width="2%"></TD>
    <TD width="94%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    the elimination of a potential obligation of ID Cayman to issue
    Series&#160;A preferred shares in connection with the closing,
    but continuing to provide for the issuance of a warrant to
    acquire 0.25 of an ID Cayman ordinary share, regardless of the
    amount in the trust account after closing, for each ID Cayman
    ordinary share issued to or acquired by those investors who hold
    SM Cayman interim notes or the Linden note that converted to ID
    Cayman ordinary shares at closing or ID Cayman ordinary shares
    acquired in connection with the Sponsor Purchase Commitment
    Amount;
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    the imposition of one-year
    <FONT style="white-space: nowrap">lock-up</FONT>
    restrictions with respect to the ID Cayman shares underlying ID
    Cayman restricted share awards and options;
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    an additional covenant requiring the repayment of certain loans
    owed by Qinying Liu and Le Yang to SM Cayman prior to closing.
    Ms.&#160;Liu and Ms.&#160;Yang have agreed to repay an aggregate
    of RMB&#160;4,289,889 owed by them to SM Cayman prior to the
    closing of the business combination. They may do so in cash or
    by surrendering a number of ordinary shares of SM Cayman owned
    by them prior to closing equal in value to such amount;
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    an increase of the board of directors of ID Cayman after the
    closing to ten (10)&#160;members, adding one director to be
    appointed by the Ideation representative and requiring certain
    independence and citizenship requirements as set forth elsewhere
    in this proxy statement/prospectus;
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    the amendment of the sponsor purchase commitment of The Frost
    Group, LLC to allow for certain warrant exercises, effective
    immediately after the closing, to be counted toward the
    satisfaction of the Sponsor Purchase Commitment Amount;
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    the addition of Ideation stockholder approval of the Ideation
    charter amendment (and a corresponding amendment to the charter
    of ID Arizona) as a condition to the closing of the business
    combination;
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    the extension of the end date by which the business combination
    must be consummated to October&#160;30, 2009 from
    September&#160;30, 2009;
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    technical corrections to the definition of &#147;adjusted net
    income&#148;;
</TD>
</TR>

</TABLE>
</DIV><!-- End box 1 -->

<P align="center" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <BR>
    30
</DIV><!-- END PAGE WIDTH -->
<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>

<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->
<DIV style="width: 100%; height: 9in; border-top: 1px solid #000000; padding-top: 12pt; border-right: 1px solid #000000; padding-right: 12pt; border-bottom: 1px solid #000000; padding-bottom: 12pt; border-left: 1px solid #000000; padding-left: 12pt"><!-- Begin box 1 -->


<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="4%"></TD>
    <TD width="2%"></TD>
    <TD width="94%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    the amendment of Schedules&#160;B and C to the share exchange
    agreement to reflect the transfers by Gentfull Investment
    Limited and Gavast Estates Limited and certain transfers by and
    among SM Cayman shareholders and correct some rounding
    errors;&#160;and
</TD>
</TR>

</TABLE>


<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="4%"></TD>
    <TD width="2%"></TD>
    <TD width="94%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    the amendment of the Memorandum and Articles of Association of
    ID Cayman, Exhibit&#160;A to the share exchange agreement, to
    eliminate the designation of the ID Cayman Series&#160;A
    preferred shares.
</TD>
</TR>

</TABLE>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    On September&#160;8, 2009, in connection with the execution of
    the second amendment to the share exchange agreement, Ideation
    entered into a letter agreement with the Converting Noteholders
    and The Frost Group, LLC. Pursuant to the letter agreement, if
    at any time during the two years following the closing of the
    business combination, ID Cayman issues any preferred shares or
    other equity securities (including securities convertible into
    or exchangeable for preferred shares or other equity
    securities), the parties to the letter agreement will have the
    right to exchange, for such securities, any ordinary shares of
    ID Cayman acquired by them as a result of:
</DIV>

<DIV style="margin-top: 3pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="8%"></TD>
    <TD width="4%"></TD>
    <TD width="88%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    (1)&#160;
</TD>
    <TD align="left">
    conversion of an interim note from SM Cayman or the Linden Note;
</TD>
</TR>


<TR style="line-height: 3pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    (2)&#160;
</TD>
    <TD align="left">
    warrant exercises to satisfy the Sponsor Purchase Commitment
    Amount; or
</TD>
</TR>


<TR style="line-height: 3pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    (3)&#160;
</TD>
    <TD align="left">
    open market purchases or new issuances of Ideation shares to
    satisfy the Sponsor Purchase Commitment Amount,
</TD>
</TR>

</TABLE>


<DIV style="margin-top: 3pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    up to the amount of such issuance by ID Cayman. The valuation of
    the exchanged ordinary shares will be $7.8815 per share.
    Ideation will enter into the same letter agreement with any
    other person or entity that purchases Ideation shares in
    satisfaction of the Sponsor Purchase Commitment Amount after the
    date of such letter agreement.
</DIV>



<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    On September&#160;22, 2009, an amendment, which we refer to as
    the third amendment, to the share exchange agreement was entered
    into by Earl Yen, Tommy Cheung, Terrance Hogan, Qinying Liu,
    Linden Ventures, Ideation, and ID Arizona. The third amendment
    amends the share exchange agreement to provide the following:
</DIV>



<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="4%"></TD>
    <TD width="2%"></TD>
    <TD width="94%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    the amendment of Schedule&#160;B and Schedule&#160;C to the
    share exchange agreement to reflect the proportional repurchases
    of approximately 3,000,000 SM Cayman ordinary, Series&#160;B
    preferred and Series&#160;C preferred shares from SM Cayman
    shareholders and issuances of approximately 3,000,000 options
    under the SM Share Incentive Plan to employees of SM Cayman and
    its subsidiaries;
</TD>
</TR>

</TABLE>



<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="4%"></TD>
    <TD width="2%"></TD>
    <TD width="94%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    the exclusion of any compensation charges attributable to the
    above repurchases and issuances from the definition of
    &#147;adjusted net income;&#148;
</TD>
</TR>

</TABLE>



<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="4%"></TD>
    <TD width="2%"></TD>
    <TD width="94%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    the amendment and restatement of the
    <FONT style="white-space: nowrap">Lock-Up</FONT>
    Agreements, which are
    <FONT style="white-space: nowrap">Exhibit&#160;F-1</FONT>
    and F-2 to the share exchange agreement providing that for
    Qinying Liu, Le Yang and CSV, the
    <FONT style="white-space: nowrap">lock-up</FONT>
    shall apply for 12&#160;months after the closing of the share
    exchange agreement with respect to ten percent (10%) of the
    shares and other securities received in connection with the
    business combination and underlying securities received in
    connection with the business combination, 18&#160;months after
    the closing of the share exchange agreement with respect to
    fifteen percent (15%) of such securities, and 24&#160;months
    after the closing of the share exchange agreement with respect
    to the remaining seventy-five percent (75%) of such securities,
    provided that with respect to CSV, this
    <FONT style="white-space: nowrap">lock-up</FONT>
    shall apply only to shares acquired by CSV in exchange for SM
    Cayman ordinary shares held by it immediately prior to the
    closing of the business combination, and not with respect to
    shares or other securities acquired (or underlying securities
    acquired) by CSV in exchange for SM Cayman warrants, SM Cayman
    preferred shares or other SM Cayman securities exercisable for,
    or convertible into, SM Cayman ordinary shares, which shares
    shall be subject to the same
    <FONT style="white-space: nowrap">lock-up</FONT> that
    applies to non-management shareholders;
</TD>
</TR>

</TABLE>



<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="4%"></TD>
    <TD width="2%"></TD>
    <TD width="94%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    a decrease of the board of directors of ID Cayman after the
    closing to eight&#160;members, subtracting one director to be
    appointed by each of the Ideation representative and the SM
    Cayman shareholders&#146; representatives and requiring certain
    independence and citizenship requirements as set forth elsewhere
    in this proxy statement/prospectus;
</TD>
</TR>

</TABLE>

</DIV><!-- End box 1 -->

<P align="center" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <BR>
    31
</DIV><!-- END PAGE WIDTH -->
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<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>

<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->
<DIV style="width: 100%; height: 9in; border-top: 1px solid #000000; padding-top: 12pt; border-right: 1px solid #000000; padding-right: 12pt; border-bottom: 1px solid #000000; padding-bottom: 12pt; border-left: 1px solid #000000; padding-left: 12pt"><!-- Begin box 1 -->


<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="4%"></TD>
    <TD width="2%"></TD>
    <TD width="94%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    an amendment of a covenant which now requires each of the SM
    entities and each of the SM Cayman shareholders to use
    commercially reasonable efforts to amend each acquisition
    agreement for each subsidiary of Jingli Shanghai to provide that
    following the closing (i)&#160;up to 75% of the earn-out or
    other contingent payment due thereunder with respect to
    2010&#160;may be paid, at the option of ID Cayman, in equity
    securities of ID Cayman, and (ii)&#160;in all other instances,
    all earn-outs or other contingent payments will be made in cash,
    provided that all such amendments shall be approved by Ideation
    prior to the execution thereof;
</TD>
</TR>

</TABLE>



<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="4%"></TD>
    <TD width="2%"></TD>
    <TD width="94%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    an additional covenant requiring each of the Ideation parties,
    on the one hand, and the SM Cayman entities, on the other hand,
    to use commercially reasonable efforts prior to closing of the
    share exchange agreement to reduce the expenses incurred by each
    such group, in connection with this transaction, by
    $2,000,000;&#160;and
</TD>
</TR>

</TABLE>



<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="4%"></TD>
    <TD width="2%"></TD>
    <TD width="94%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    the elimination of the earn-out
    <FONT style="white-space: nowrap">make-up</FONT>
    provision that allowed for any unearned portion of the earn-out
    shares to be issued if the closing price of the ID Cayman
    ordinary shares maintained a certain level for a consecutive
    thirty trading day period.
</TD>
</TR>

</TABLE>

<A name='130'>
<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">Quotation</FONT></B>
</DIV>
</A>
<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Ideation&#146;s outstanding common stock, warrants and units are
    listed on the NYSE Amex. After the redomestication and business
    combination, Ideation intends to reapply to the NYSE Amex in
    order for the ordinary shares, warrants and units of ID Cayman
    to maintain their listing on the NYSE Amex. It is unclear
    whether ID Cayman will meet the minimum number of holders
    requirement for continued listing on the NYSE Amex and as a
    result, the NYSE Amex may delist ID Cayman&#146;s securities
    from quotation on its exchange, which could limit
    investors&#146; ability to make transactions in ID Cayman&#146;s
    securities.
</DIV>
<A name='131'>
<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">Indemnification</FONT></B>
</DIV>
</A>
<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 2%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><I><FONT style="font-family: 'Times New Roman', Times">Indemnification
    by the SearchMedia Shareholders and Linden
    Ventures</FONT></I></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    The SearchMedia shareholders have agreed, on a <I>pro rata
    basis</I>, to indemnify the Ideation parties from any damages
    arising from: (a)&#160;any breach by any SearchMedia entity of
    any of its representations or warranties, covenants or
    obligations in the share exchange agreement; (b)&#160;any breach
    by any SearchMedia shareholder of its representations or
    warranties, covenants or obligations in the share exchange
    agreement; (c)&#160;the validity, enforceability or
    effectiveness (or lack thereof) of the appointment of the
    designated agent, any action taken by him or her under the share
    exchange agreement and/or the transfer of any SearchMedia shares
    by him or her (including any SearchMedia shares resulting from
    the exercise of options and the vesting of restricted share
    awards after the date of the share exchange agreement) or the
    ownership or transfer of any SearchMedia shares by any
    SearchMedia shareholder that did not sign the share exchange
    agreement (which may include persons who become shareholders of
    SearchMedia as a result of option exercises and the vesting of
    restricted share awards after the date of the share exchange
    agreement); (d)&#160;the failure to allocate any earn-out shares
    to the holders of restricted share awards under the share
    exchange agreement or the failure to register such awards in
    accordance with PRC law or any claims of such holders relating
    to the transfer or exchange of their restricted share awards
    under the share exchange agreement; or (e)&#160;the failure of
    any SM Cayman entity to pay its registered capital in full to
    the appropriate governmental authority. In addition, Linden
    Ventures has agreed to indemnify the Ideation parties from any
    damages arising from a breach of any its representations or
    warranties, covenants or obligations in the share exchange
    agreement. Notwithstanding the foregoing, however, the
    representations, warranties, covenants and obligations that
    relate specifically and solely to a particular SearchMedia
    shareholder or to Linden Ventures are the obligations of that
    particular person only and not the responsibility of the other
    SearchMedia shareholders and Linden Ventures (as applicable).
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    The amount of damages suffered by the Ideation parties may be
    paid in cash, or, at the option of the SearchMedia shareholders
    or Linden Ventures (as applicable), may be recovered by delivery
    of a specified number of ID Cayman shares owned by the
    SearchMedia shareholders or Linden Ventures (as applicable) for
    repurchase by ID Cayman, provided that such transfer is in
    accordance with applicable law. Any such returned shares will be
    cancelled. If the SearchMedia shareholders or Linden Ventures
    opt to deliver shares instead of
</DIV>
</DIV><!-- End box 1 -->

<P align="center" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <BR>
    32
</DIV><!-- END PAGE WIDTH -->
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<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>

<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->
<DIV style="width: 100%; height: 9in; border-top: 1px solid #000000; padding-top: 12pt; border-right: 1px solid #000000; padding-right: 12pt; border-bottom: 1px solid #000000; padding-bottom: 12pt; border-left: 1px solid #000000; padding-left: 12pt"><!-- Begin box 1 -->

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    cash, the number of shares to be returned by the SearchMedia
    shareholders or Linden Ventures will be equal to the aggregate
    amount of the damages agreed to be paid by the SearchMedia
    shareholders or Linden Ventures, divided by $7.8815.
</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 2%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><I><FONT style="font-family: 'Times New Roman', Times">Indemnification
    by Ideation</FONT></I></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    The Ideation parties have agreed to indemnify each of the
    SearchMedia shareholders (including the SM Cayman shareholder
    that did not sign the share exchange agreement) and Linden
    Ventures from any damages arising from: (a)&#160;any breach of
    any representation or warranty made by the Ideation parties in
    the share exchange agreement; or (b)&#160;any breach by any
    Ideation party of its covenants or obligations in the share
    exchange agreement.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    The amount of damages suffered by the SearchMedia shareholders
    (including the SM Cayman shareholder that did not sign the share
    exchange agreement) and Linden Ventures will be paid in newly
    issued ID Cayman shares. The number of ID Cayman shares to be
    issued to the SearchMedia indemnified parties will be equal to
    the aggregate amount of the damages agreed to be paid by the
    Ideation parties, divided by $7.8815.
</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 2%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><I><FONT style="font-family: 'Times New Roman', Times">Limitations
    on Indemnity</FONT></I></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Except for certain limited exceptions, (i)&#160;the Ideation
    parties will not be entitled to indemnification for breaches of
    representations and warranties by any SearchMedia party and for
    breaches of covenants and obligations of the SearchMedia
    shareholders and Linden Ventures unless the aggregate amount of
    damages to the Ideation parties for such breaches exceeds
    $750,000, and then only to the extent such damages for such
    breaches exceed $750,000 and (ii)&#160;the aggregate amount of
    damages payable by the SearchMedia shareholders (including the
    SM Cayman shareholder that did not sign the share exchange
    agreement) and Linden Ventures for such breaches to the Ideation
    parties may not exceed $7,500,000.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Except for certain limited exceptions, the SearchMedia
    shareholders (including the SM Cayman shareholder that did not
    sign the share exchange agreement) and Linden Ventures will not
    be entitled to indemnification for breaches of representation
    and warranties unless the aggregate amount of damages to such
    parties exceeds $750,000, and then only to the extent such
    damages for such breaches exceed $750,000 and (ii)&#160;the
    aggregate amount of damages payable by the Ideation parties to
    the SearchMedia shareholders (including the SM Cayman
    shareholder that did not sign the share exchange agreement) and
    Linden Ventures for such breaches may not exceed $7,500,000.
</DIV>
<A name='132'>
<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">Foreign
    Private Issuer</FONT></B>
</DIV>
</A>
<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Based on currently available information, ID Cayman expects that
    it will become a foreign private issuer upon the consummation of
    the business combination, which would reduce the reporting
    requirements under the Exchange Act, resulting in fewer costs
    associated with financial and reporting compliance. For example,
    as a foreign private issuer, ID Cayman will be exempt from
    certain provisions applicable to U.S.&#160;public companies,
    including:
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="4%"></TD>
    <TD width="2%"></TD>
    <TD width="94%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    the rules requiring the filing with the SEC of quarterly reports
    on
    <FONT style="white-space: nowrap">Form&#160;10-Q</FONT>
    or current reports on
    <FONT style="white-space: nowrap">Form&#160;8-K;</FONT>
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    the sections of the Exchange Act regulating the solicitation of
    proxies, consents or authorizations with respect to a security
    registered under the Exchange Act;
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    provisions of Regulation&#160;FD aimed at preventing issuers
    from making selective disclosures of material non-public
    information;&#160;and
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    the sections of the Exchange Act requiring insiders to file
    public reports of their stock ownership and trading activities
    and establishing insider liability for profits realized from any
    &#147;short swing&#148; trading transactions, or a purchase and
    sale, or a sale and purchase, of the issuer&#146;s equity
    securities within less than six months.
</TD>
</TR>

</TABLE>
</DIV><!-- End box 1 -->

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    33
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<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->
<DIV style="width: 100%; height: 9in; border-top: 1px solid #000000; padding-top: 12pt; border-right: 1px solid #000000; padding-right: 12pt; border-bottom: 1px solid #000000; padding-bottom: 12pt; border-left: 1px solid #000000; padding-left: 12pt"><!-- Begin box 1 -->

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    As a foreign private issuer, ID Cayman will file an annual
    report on
    <FONT style="white-space: nowrap">Form&#160;20-F</FONT>
    within six months of the close of fiscal years 2009 and 2010,
    and within four months of each fiscal year beginning with fiscal
    year 2011, and reports on
    <FONT style="white-space: nowrap">Form&#160;6-K</FONT>
    relating to certain material events promptly after ID Cayman
    publicly announces these events. However, because of the
    foregoing filing exemptions, ID Cayman&#146;s shareholders will
    not be afforded the same protections or information generally
    available to investors holding shares in public companies
    organized in the United States, such as Ideation.
</DIV>

<DIV style="margin-top: 9pt; font-size: 1pt">&nbsp;</DIV>
<A name='133'>
<DIV align="left" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">Comparison
    of Stockholder Rights</FONT></B>
</DIV>

</A>
<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    In connection with the consummation of the share exchange
    agreement, the board of directors of Ideation has unanimously
    approved a corporate reorganization of Ideation that would
    result in holders of Ideation securities holding securities in a
    Cayman Islands exempted company, rather than a Delaware
    corporation. If the Charter Amendment Proposal, the
    Redomestication Proposal, the Business Combination Proposal, the
    Share Increase Proposal, the Declassification Proposal, the
    Amendment Proposal, the Shareholder Consent Proposal, Corporate
    Existence Proposal, and the Share Incentive Plan Proposal are
    approved, Ideation, the current Delaware corporation, will
    effect a merger pursuant to which it will merge with and into ID
    Arizona, a wholly owned Arizona subsidiary, with ID Arizona
    surviving the merger. Following the merger of Ideation and ID
    Arizona, ID Arizona will become ID Cayman, a Cayman Islands
    exempted company, pursuant to a conversion and continuation
    procedure under Arizona and Cayman Islands law. Ideation
    securities will be converted into securities of ID Arizona and
    then into securities of ID Cayman. The rights of Ideation
    stockholders will change accordingly. A comparison of the rights
    of stockholders under Delaware and Cayman Islands law is
    included elsewhere in this proxy statement/prospectus. See
    &#147;The Redomestication Proposal&#160;&#151; Differences of
    Stockholder Rights.&#148;
</DIV>


<DIV style="margin-top: 9pt; font-size: 1pt">&nbsp;</DIV>
<A name='134'>
<DIV align="left" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">Certain
    U.S. Federal Income Tax Consequences</FONT></B>
</DIV>
</A>
<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Although there is a lack of authority directly on point, and
    thus, this conclusion is not entirely free from doubt, the
    merger should qualify as a nontaxable reorganization under
    applicable U.S.&#160;federal income tax principles and,
    accordingly, no gain or loss should be recognized by Ideation
    stockholders or warrantholders for U.S.&#160;federal income tax
    purposes as a result of their exchange of Ideation common stock
    or warrants for the common stock or warrants of ID Arizona.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    In addition, although there is a lack of authority directly on
    point, and thus, this conclusion is not entirely free from
    doubt, the conversion also should qualify as a nontaxable
    reorganization under applicable U.S.&#160;federal income tax
    principles and, accordingly, no gain or loss should be
    recognized by ID Arizona stockholders or warrantholders for
    U.S.&#160;federal income tax purposes as a result of their
    exchange of ID Arizona common stock or warrants for the ordinary
    shares or warrants of ID Cayman. ID Arizona, however, should
    recognize gain (but not loss) for U.S.&#160;federal income tax
    purposes as a result of the conversion equal to the difference
    between the fair market value of each of its assets over such
    asset&#146;s adjusted tax basis at the effective time of the
    conversion. Any U.S.&#160;federal income tax liability incurred
    by ID Arizona as a result of such gain would become a liability
    of ID Cayman by reason of the conversion. ID Cayman should not
    recognize any gain or loss for U.S.&#160;federal income tax
    purposes as a result of the business combination and certain
    &#147;anti-inversion&#148; provisions in the Internal Revenue
    Code of 1986, as amended, or the Code, should not apply to treat
    ID Cayman as a U.S.&#160;corporation after the conversion and
    business combination.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    See &#147;Material United States Federal Income Tax
    Considerations&#148; below for further discussion of these tax
    consequences.
</DIV>

<DIV style="margin-top: 9pt; font-size: 1pt">&nbsp;</DIV>
<A name='135'>
<DIV align="left" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">Material
    PRC Tax Considerations</FONT></B>
</DIV>
</A>
<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Pursuant to the applicable PRC tax laws, prior to
    January&#160;1, 2008, companies established in China were
    generally subject to a state and local enterprise income tax, or
    EIT, at statutory rates of 30% and 3%, respectively.
    SearchMedia&#146;s PRC subsidiaries, Jieli Consulting and Jieli
    Network, and most of its consolidated PRC affiliated entities
    were subject to an income tax rate of 33%.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    On March&#160;16, 2007, the National People&#146;s Congress
    adopted the new PRC Enterprise Income Tax Law, or the EIT Law,
    which became effective from January&#160;1, 2008 and replaced
    the separate income tax laws for
</DIV>
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    <BR>
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<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->
<DIV style="width: 100%; height: 9in; border-top: 1px solid #000000; padding-top: 12pt; border-right: 1px solid #000000; padding-right: 12pt; border-bottom: 1px solid #000000; padding-bottom: 12pt; border-left: 1px solid #000000; padding-left: 12pt"><!-- Begin box 1 -->

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    domestic enterprises and foreign-invested enterprises by
    adopting a unified income tax rate of 25% for most enterprises.
    In addition, on December&#160;6, 2007, the State Council issued
    the Implementation Rules for the EIT Law, which became effective
    simultaneously with the EIT Law. On December&#160;26, 2007, the
    State Council issued the Notice on Implementation of Enterprise
    Income Tax Transition Preferential Policy under the EIT Law, or
    the Transition Preferential Policy Circular, which became
    effective upon promulgation. Under these regulations, the PRC
    government revoked many of then existing tax exemption,
    reduction and preferential treatments, but permit companies to
    continue to enjoy their existing preferential tax treatments for
    the remainder of the preferential periods, subject to
    transitional rules as stipulated in the Transition Preferential
    Policy Circular. Since January&#160;1, 2008, SearchMedia&#146;s
    PRC subsidiaries, Jieli Consulting and Jieli Network, and its
    consolidated PRC affiliated entities have been subject to an
    income tax rate of 25%.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Under relevant PRC tax law applicable prior to January&#160;1,
    2008, dividend payments to foreign investors made by
    foreign-invested entities were exempt from PRC withholding tax.
    However, under the Implementation Rules of the EIT Law, subject
    to applicable tax agreements or treaties between the PRC and
    other tax jurisdictions, non-resident enterprises without an
    institution or establishment in the PRC, or non-resident
    enterprises whose income no connection with their institutions
    and establishment in the PRC, are normally subject to
    withholding tax at the rate of 10% with respect to their
    PRC-sourced dividend income. Under the EIT Law, a &#147;resident
    enterprise,&#148; which includes an enterprise established
    outside of China with de facto management bodies located in
    China, will be subject to PRC income tax. Under the
    Implementation Rules of the EIT Law, &#147;de facto management
    body&#148; is defined as the body that has material and overall
    management and control over the business, personnel, accounts
    and properties of enterprise. All of SearchMedia&#146;s
    management is currently located in the PRC. If SearchMedia were
    treated as a resident enterprise for PRC tax purposes, it would
    be subject to PRC tax on its worldwide income at the 25% uniform
    tax rate; the dividends distributed to SearchMedia from its PRC
    subsidiary would be exempt income; and the dividends paid by
    SearchMedia to its non-PRC enterprise shareholders would be
    subject to a withholding tax. In addition, under the EIT Law,
    SearchMedia&#146;s non-PRC enterprise shareholders would become
    subject to a 10% income tax on any gains they realize from the
    transfer of their shares, if such income were sourced from
    within the PRC.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>
<A name='136'>
<DIV align="left" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">Anticipated
    Accounting Treatment</FONT></B>
</DIV>

</A>
<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    The business combination will be accounted for as a reverse
    recapitalization, whereby SM Cayman will be the continuing
    entity for financial reporting purposes and will be deemed to be
    the accounting acquirer of Ideation. The business combination is
    being accounted for as a reverse recapitalization because
    (i)&#160;after the redomestication and business combination, the
    former shareholders of SM Cayman will have actual or effective
    voting and operating control of ID Cayman as SearchMedia&#146;s
    operations will comprise the ongoing operations of ID Cayman,
    and the senior management of SearchMedia will continue to serve
    as the senior management of ID Cayman, and (ii)&#160;Ideation
    has no prior operations and was formed for the purpose of
    effecting a business combination such as the proposed business
    combination with SearchMedia. In accordance with the applicable
    accounting guidance for accounting for the business combination
    as a reverse recapitalization, initially SM Cayman will be
    deemed to have undergone a recapitalization, whereby its
    outstanding ordinary shares and warrants will be converted into
    6,662,727 ordinary shares of ID Cayman and 1,519,186 ID Cayman
    warrants. Immediately thereafter, ID Cayman, as the legal parent
    company of SM Cayman, which is the continuing accounting entity,
    will be deemed to have acquired the assets and assumed the
    liabilities of Ideation in exchange for the issuance of ID
    Cayman securities, which will be identical in number and terms
    and similar in rights to the outstanding securities of Ideation,
    provided that, although the securities are similar in rights,
    significant differences are discussed in the section titled
    &#147;The Redomestication Proposal&#160;&#151; Differences of
    Stockholders Rights.&#148; However, although ID Cayman, as the
    legal parent company of SearchMedia, will be deemed to have
    acquired Ideation, in accordance with the applicable accounting
    guidance for accounting for as a reverse recapitalization,
    Ideation&#146;s assets and liabilities will be recorded at their
    historical carrying amounts, which approximate their fair value,
    with no goodwill or other intangible assets recorded.
</DIV>

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    35
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<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->
<DIV style="width: 100%; height: 9in; border-top: 1px solid #000000; padding-top: 12pt; border-right: 1px solid #000000; padding-right: 12pt; border-bottom: 1px solid #000000; padding-bottom: 12pt; border-left: 1px solid #000000; padding-left: 12pt"><!-- Begin box 1 -->
<A name='137'>
<DIV align="left" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">Regulatory
    Matters</FONT></B>
</DIV>
</A>
<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    The business combination and the transactions contemplated by
    the share exchange agreement are not subject to any additional
    federal or state regulatory requirements or approvals, including
    the
    <FONT style="white-space: nowrap">Hart-Scott-Rodino</FONT>
    Antitrust Improvements Act of 1976, or HSR Act, except for
    filings with the State of Delaware, State of Arizona and the
    Cayman Islands necessary to effectuate the transactions
    contemplated by the redomestication and the share exchange
    agreement.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>
<A name='138'>
<DIV align="left" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">Currency
    Conversion Rates</FONT></B>
</DIV>
</A>
<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    The consolidated financial statements of SearchMedia are
    reported in the United States dollar. The financial records of
    SearchMedia&#146;s PRC subsidiaries and its variable interest
    entity are prepared using Renminbi, or RMB, the currency of the
    PRC. For convenience, RMB amounts have been converted in certain
    sections of the proxy statement/prospectus into United States
    dollars. Unless otherwise noted, the conversion rate for any
    transaction is the average rate of exchange for such fiscal
    year, based on the exchange rates quoted by the People&#146;s
    Bank of China; provided, however, that all transactions that
    occur after December&#160;31, 2008 shall be converted at the
    rate of 6.8346 RMB to each United States dollar, the exchange
    rate quoted by the People&#146;s Bank of China on
    December&#160;31, 2008.
</DIV>
<A name='139'>
<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">Risk
    Factors</FONT></B>
</DIV>
</A>
<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    In evaluating the proposals to be voted on at the special
    meeting, you should carefully read this
    proxy&#160;statement/prospectus, including the annexes to this
    proxy statement/prospectus and especially consider the factors
    discussed in the section titled &#147;Risk Factors.&#148;
</DIV>
<A name='140'>
<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">Board
    Solicitation</FONT></B>
</DIV>
</A>
<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Ideation is soliciting proxies on behalf of the Ideation board
    of directors. Ideation will bear all costs and expenses
    associated with printing and mailing this proxy
    statement/prospectus, as well as all fees paid to the SEC. This
    solicitation is being made by mail, but also may be made in
    person or by telephone or other electronic means. Ideation and
    its respective directors, officers, employees and consultants
    may also solicit proxies in person or by mail, telephone or
    other electronic means. In addition, SearchMedia shareholders,
    officers and directors may solicit proxies in person or by mail,
    telephone or other electronic means on Ideation&#146;s behalf.
    These persons will not receive any additional compensation for
    these solicitation activities.
</DIV>


<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Ideation has retained Morrow &#038; Co. to assist it in
    soliciting proxies. If you have questions about how to vote or
    direct a vote in respect of your shares, you may call Morrow
    &#038; Co. at (800) 662-5200.
</DIV>
</DIV><!-- End box 1 -->


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<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->
<A name='141'>
<DIV style="margin-top: 18pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">RISK
    FACTORS</FONT></B>
</DIV>
</A>
<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <I>You should carefully consider the following risk factors,
    together with all of the other information included in this
    proxy statement/prospectus, before you decide whether to vote or
    direct your vote to be cast to approve the redomestication and
    the business combination.</I>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <I>If ID Cayman completes the acquisition of SearchMedia
    pursuant to the share exchange agreement, the resulting company
    will be subject to a number of risks including risks that
    currently apply to SearchMedia that would apply to ID Cayman
    after the business combination. You should carefully consider
    the risks described below and the other information included in
    this proxy statement/prospectus before you decide how you want
    to vote on the proposals. Following the closing of the share
    exchange agreement, the market price of ID Cayman&#146;s
    securities could decline due to any of these risks, in which
    case you could lose all or part of your investment.</I>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <I>In assessing these risks, you should also refer to the other
    information included in this proxy statement/prospectus,
    including the consolidated financial statements and the
    accompanying notes of Ideation and SearchMedia, as well as the
    pro forma financial information set forth herein. You should
    note that ID Cayman would become a holding company with
    substantial operations in China following consummation of the
    business combination. As a result, ID Cayman would be subject to
    legal and regulatory environments that differ in many respects
    from those of the United States. ID Cayman&#146;s business,
    financial condition or results of operations could be affected
    materially and adversely by any of the risks discussed below.</I>
</DIV>
<A name='142'>
<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">Risks
    Relating to the Business of SearchMedia</FONT></B>
</DIV>
</A>
<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 2%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><I><FONT style="font-family: 'Times New Roman', Times">The
    ability of SearchMedia to continue as a going concern would be
    materially and adversely affected if it fails to obtain
    additional financing or the amount of cash in the trust account
    available to the combined company after the business combination
    is limited due to Ideation stockholders electing to convert
    their IPO Shares to cash.</FONT></I></B>
</DIV>

<DIV align="left"><FONT size="1">

</FONT></DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    SearchMedia has relied on a combination of private placements
    and debt financing to help finance its operations and
    acquisitions, including the earn-out payments to sellers of its
    acquired businesses. It is uncertain whether it would be
    successful in negotiating extended payment terms for the
    promissory notes with its lenders or for the earn-out payments
    with the sellers of its acquired businesses. Its liquidity and
    ability to continue as a going concern would be materially and
    adversely affected if the closing of the business combination
    were to be delayed or terminated, if the amount of cash in the
    trust account available to the combined entity after the
    business combination is substantially reduced, or if the
    combined entity fails to raise alternative form of financing
    required for its earn-out payment and other obligations in the
    absence of the proceeds from the business combination with
    Ideation, and it fails to negotiate extended payment terms for
    the promissory notes
    <FONT style="white-space: nowrap">and/or</FONT> the
    earn-out payments.
</DIV>

<DIV align="left"><FONT size="1">

</FONT></DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 2%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><I><FONT style="font-family: 'Times New Roman', Times">SearchMedia
    has been unable, to date, to integrate its acquisitions, and
    such inability could materially and adversely impact its
    operations and its ability to detect and prevent financial
    irregularities.</FONT></I></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    SearchMedia has rapidly acquired a large number of advertising
    companies. These companies have various degrees of, and
    frequently lack, systems and controls, including those involving
    management information, purchasing, accounting and finance,
    sales, billings, employee benefits, payroll and regulatory
    compliance. While SearchMedia has attempted to implement a
    series of measures to integrate the acquired businesses, such as
    conducting training programs and integrating media resources and
    finance staff, such efforts have not, to date, been successful.
    Failure to successfully integrate the acquired businesses will
    present a substantial risk that SearchMedia may not be able to
    achieve the anticipated synergy and fully realize the benefits
    of these acquisitions.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Moreover, without the integration and successful implementation
    of those measures and controls at the acquired businesses,
    SearchMedia has limited ability to detect and prevent material
    inaccuracies, misstatements or even fraud at the acquired
    businesses. The importance of implementing and integrating such
    controls and procedures, including disclosure controls and
    internal control over financial reporting, is
</DIV>

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    <BR>
    37
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<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    heightened given SearchMedia&#146;s rapid and significant growth
    and its engagement of business practices which are more
    frequently utilized in the PRC than would be the case with
    similarly situated companies in the United States.
</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 2%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><I><FONT style="font-family: 'Times New Roman', Times">Deteriorations
    of economic conditions and a resulting decrease in demand for
    advertising services would materially and adversely affect
    SearchMedia&#146;s financial condition and results of operations
    and limit its growth prospects.</FONT></I></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Demand for SearchMedia&#146;s advertising services, and the
    resulting advertising spending by its clients on its network, is
    affected significantly by prevailing economic conditions. The
    current financial crisis and economic downturns in global
    markets have impacted, and are expected to further impact,
    materially and adversely, the advertising spending of
    SearchMedia&#146;s existing and potential multinational clients
    and, as the crisis spreads to China, the advertising spending of
    its existing and potential domestic clients. With a severe
    decline in economic conditions, clients who would normally spend
    on a broad range of traditional and new media may curtail their
    overall spending or concentrate their advertising spending on
    one medium. As SearchMedia derives most of its revenues from its
    billboard and in-elevator advertising networks, a decrease in
    demand for advertising media in general and for its advertising
    media or advertising networks in particular would materially and
    adversely affect its financial condition and results of
    operations and limit its growth prospects. In addition,
    SearchMedia&#146;s clients who are adversely affected by the
    worsened economic conditions may delay paying the advertising
    fees to SearchMedia, which would adversely affect
    SearchMedia&#146;s liquidity and results of operations.
</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 2%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><I><FONT style="font-family: 'Times New Roman', Times">There
    may be additional risks inherent in SearchMedia&#146;s past and
    future acquisitions and investments, which could materially and
    adversely affect its business and growth prospects and cause
    SearchMedia to not realize the anticipated benefits of these
    acquisitions and investments.</FONT></I></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Although SearchMedia has conducted due diligence with respect to
    its acquisitions, it may not have implemented sufficient due
    diligence procedures and may not be aware of all of the risks
    and liabilities associated with such acquisitions. Any discovery
    of adverse information concerning the acquired companies could
    have a material adverse effect on SearchMedia&#146;s business,
    financial condition and results of operations. While SearchMedia
    is entitled to seek indemnification in certain circumstances,
    asserting indemnification or enforcing such indemnification
    could be costly and time-consuming and may not be successful at
    all. SearchMedia has provided for a two-year earn-out payment
    provision in most of the contracts for these acquisitions, which
    is fully contingent upon the level of achievement of the
    acquired company&#146;s financial performance. To the extent
    financial performance of any acquired company exceeds
    expectations, SearchMedia is obligated to pay a higher purchase
    price to the seller. In addition, some of the sellers, who
    agreed to become SearchMedia&#146;s employees and manage these
    acquired companies for SearchMedia during the earn-out period,
    may leave SearchMedia or be less motivated in performing their
    service after the two-year earn-out period has expired, which
    may lead to failure in revenue growth and even loss of clients
    <FONT style="white-space: nowrap">and/or</FONT> site
    contracts.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    In the future, SearchMedia may continue to make acquisitions of,
    or investments in, businesses that SearchMedia believes could
    complement or expand its current business or offer growth
    opportunities. To that end, SearchMedia may spend significant
    management time and resources in analyzing and negotiating
    acquisitions or investments that are not consummated. Any future
    acquisitions and investments that are consummated also carry
    risks, including:
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="4%"></TD>
    <TD width="2%"></TD>
    <TD width="94%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    failure in integrating acquired operations or personnel;
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    diversion of management&#146;s attention;
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    unforeseen or hidden liabilities;
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    adverse effects on SearchMedia&#146;s existing business
    relationships with its advertisers;&#160;and
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    loss of key employees, clients or distribution partners of the
    acquired businesses.
</TD>
</TR>

</TABLE>

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    <BR>
    38
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<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    If SearchMedia cannot successfully manage these risks, it may
    not generate sufficient revenues or other benefits to recover
    the increased costs from acquisitions or investments and its
    business and growth prospects could suffer as a result.
</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 2%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><I><FONT style="font-family: 'Times New Roman', Times">Failure
    to maintain an effective system of internal control over
    financial reporting may adversely affect SearchMedia&#146;s
    ability to accurately report its financial results or prevent
    fraud.</FONT></I></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    SearchMedia has been a private company with limited accounting
    personnel and other resources with which to establish or
    strengthen internal controls and procedures. In connection with
    the audit of SearchMedia&#146;s consolidated financial
    statements as of December&#160;31, 2007 and December&#160;31,
    2008 and for the period from February 9 to December&#160;31,
    2007 and for the year ended December&#160;31, 2008,
    SearchMedia&#146;s independent auditors identified a number of
    significant control deficiencies in its internal control
    procedures which, in the judgment of its independent auditors,
    adversely affect its ability to initiate, authorize, record,
    process and report financial data reliably in accordance with
    generally accepted accounting principles such that there is more
    than a remote likelihood that a misstatement of its consolidated
    financial statements that is more than inconsequential will not
    be prevented or detected. Specifically, the significant control
    deficiencies identified by SearchMedia&#146;s independent
    auditors related to: (1)&#160;shortage of experienced accounting
    and finance personnel with adequate knowledge in US GAAP and SEC
    reporting requirements; (2)&#160;failure to properly identify
    and document all related party transactions;
    (3)&#160;insufficient implementation of acquisition-related due
    diligence procedures; (4)&#160;insufficient credit control
    procedures; and (5)&#160;ineffective board of directors
    oversight of financial reporting and internal control.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Following the identification of these control deficiencies,
    SearchMedia undertook certain remedial steps to address certain
    deficiencies, including hiring additional accounting staff and
    training its new and existing accounting staff and conducting
    due diligence on companies with which it does business to
    identify related parties. SearchMedia is in the process of
    setting up an internal audit team to plan and implement
    Sarbanes-Oxley Act of 2002 related activities, and is hiring
    additional legal and compliance staff. SearchMedia plans to
    implement additional steps to address these identified control
    deficiencies and improve its internal control over financial
    reporting. However, the implementation of these measures may not
    fully address these control deficiencies, and to date these
    control deficiencies have not been remedied. SearchMedia plans
    to continue to address and remediate the control deficiencies in
    its internal control over financial reporting in time to be able
    to comply with the requirements of Section&#160;404 of the
    Sarbanes-Oxley Act. If, however, SearchMedia fails to implement
    and maintain the adequate internal control procedures in a
    timely manner, SearchMedia may not be able to conclude that it
    has effective internal control over financial reporting.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    ID Cayman is subject to reporting obligations under the
    U.S.&#160;securities laws. The United States Securities and
    Exchange Commission, as required by Section&#160;404 of the
    Sarbanes-Oxley Act, has adopted rules requiring every public
    company to include a management report on its internal control
    over financial reporting in its annual report, which contains
    management&#146;s assessment of the effectiveness of the
    company&#146;s internal control over financial reporting. If
    SearchMedia fails to address and remedy these control weaknesses
    or deficiencies, ID Cayman or its independent auditors may
    conclude that the internal control over financial reporting of
    the combined entity is not effective, or more internal control
    deficiencies may be identified as a result of conducting a
    formal audit of internal control over financial reporting in
    accordance with Public Company Accounting Oversight Board
    Auditing Standard No.&#160;5. Moreover, effective internal
    control over financial reporting are necessary for ID Cayman to
    produce reliable financial reports and is important to help
    prevent fraud. As a result, any failure to achieve and maintain
    effective internal control over financial reporting of the
    combined entity could result in the loss of investor confidence
    in the reliability of its financial statements, which in turn
    could harm its business.
</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 2%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><I><FONT style="font-family: 'Times New Roman', Times">SearchMedia
    faces significant competition for advertising spending from
    operators of new and traditional advertising networks. If it
    cannot successfully compete, its results of operations would be
    materially and adversely affected.</FONT></I></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    SearchMedia faces competition for general advertising spending
    from operators of many other forms of advertising networks, such
    as television, print media, Internet and other types of
    out-of-home advertising.
</DIV>

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    <BR>
    39
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<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    SearchMedia&#146;s success depends on the continuing and
    increased interest of advertising clients and agencies in
    in-elevator and outdoor billboard advertising as components of
    their advertising strategies. Advertisers may elect not to use
    SearchMedia&#146;s services if they believe that the viewing
    public is not receptive to in-elevator and billboard networks or
    that any of these platforms does not provide sufficient value as
    an effective advertising medium. If SearchMedia cannot
    successfully compete for advertising spending against
    traditional, Internet and other types of out-of-home
    advertising, SearchMedia will be unable to generate sufficient
    revenues and cash flows to operate its business, and its results
    of operations could be materially and adversely affected.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    For in-elevator and billboard advertising spending, SearchMedia
    faces competition from different players across different
    platforms and in different cities where it operates. For its
    in-elevator advertising platform, SearchMedia competes primarily
    against large regional operators and other nationwide operators,
    such as Shanghai Framedia Advertising Development Ltd., or
    Framedia, a subsidiary of Focus Media Holding, which has
    substantially more financial resources than SearchMedia does.
    For its billboard advertising platform, SearchMedia competes
    against mostly local or regional outdoor billboard owners and
    operators, as the outdoor billboard market in China is largely
    fragmented. For its subway advertising platform, SearchMedia
    competes against other seasoned operators such as JCDecaux.
    SearchMedia competes for advertising spending on these platforms
    generally on the basis of network coverage, service quality and
    brand name. If it cannot compete successfully for advertising
    spending on these platforms, its market share and its results of
    operations would suffer.
</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 2%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><I><FONT style="font-family: 'Times New Roman', Times">SearchMedia
    has a limited operating history and operates a non-traditional
    advertising network, which may make it difficult for you to
    evaluate its business and prospects.</FONT></I></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    SearchMedia was incorporated in 2007 and its predecessors
    entered the out-of-home advertising market in 2005. Accordingly,
    SearchMedia has a limited operating history for its current
    operations upon which you can evaluate the viability and
    sustainability of its business and its acceptance by
    advertisers. SearchMedia&#146;s focus on non-traditional
    advertising media that lack long and comprehensive industry and
    market data may also make it hard for you to evaluate
    SearchMedia&#146;s business and long-term prospects.
</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 2%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><I><FONT style="font-family: 'Times New Roman', Times">If
    SearchMedia fails to develop and maintain relationships with
    site owners, managers and sublessors that provide it access to
    desirable locations and network platforms, its growth potential
    and its business could be harmed.</FONT></I></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    SearchMedia&#146;s ability to generate revenues from advertising
    sales depends largely on its ability to provide a large network
    of its media products across media platforms at desirable
    locations. The effectiveness of SearchMedia&#146;s network also
    depends on the cooperation of site owners and managers to allow
    it to install the desired types of frames at the desired spots
    on their properties and, for in-elevator advertising, to keep
    the elevators in operation and accessible to the viewing public.
    These in turn require that SearchMedia develop and maintain
    business relationships with site managers and owners and, for a
    portion of its network, sublessors that consist primarily of
    advertising companies. Since the ownership of residential and
    office buildings is fragmented, maintaining these relationships
    requires considerable operational resources in terms of contract
    management and site development and maintenance personnel. If
    SearchMedia fails to devote the necessary resources to
    maintaining these relationships or if SearchMedia fails to
    perform its obligations under the existing leases, these lessors
    and sublessors may terminate their leases with SearchMedia or
    not renew them upon expiration. If a significant number of
    SearchMedia&#146;s elevator leases are terminated and it fails
    to develop relationships with potential lessors and sublessors
    of new sites, its business could suffer as a result. As there is
    a limited supply of billboards at desirable locations and a
    limited number of subway stations, the termination of a
    significant number of the leases for billboards and light boxes
    at subway stations could harm SearchMedia&#146;s multi-platform
    growth and operation strategies and its business and prospects
    could suffer as a result.
</DIV>

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    <BR>
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    <B><I><FONT style="font-family: 'Times New Roman', Times">If
    SearchMedia is unable to obtain or retain desirable placement
    locations for its advertising poster frames and outdoor
    billboards on commercially advantageous terms, its operating
    margins and earnings could decrease and its results of
    operations could be materially and adversely
    affected.</FONT></I></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    SearchMedia&#146;s cost of revenues consists primarily of
    operating lease cost of advertising space for displaying
    advertisements, depreciation of advertisement display equipment,
    amortization of intangible assets relating to lease agreements
    and direct staff and material costs associated with production
    and installation of advertisement content. SearchMedia&#146;s
    operating lease cost represents a significant portion of its
    cost of revenues. In the 2007 period and 2008,
    SearchMedia&#146;s operating lease cost accounted for 55.9% and
    81.4%, respectively, of its cost of revenues and 17.5% and
    42.8%, respectively, of its total revenues. In the future,
    SearchMedia may need to pay higher amounts in order to renew
    existing leases, obtain new and desirable locations, or secure
    exclusivity and other favorable terms. If SearchMedia is unable
    to secure commercially advantageous terms or pass increased
    location costs onto its advertising clients through rate
    increases, its operating margins and earnings could decrease and
    its results of operations could be materially and adversely
    affected.
</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 2%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><I><FONT style="font-family: 'Times New Roman', Times">SearchMedia
    may not have sufficient liquidity to pay earn-out payments when
    they come due, which could materially and adversely affect its
    operations.</FONT></I></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    SearchMedia is obligated to pay earn-out payments over the next
    two to three years in connection to its acquisitions of a number
    of advertising businesses in 2008. SearchMedia estimates that
    the aggregate amount of the earn-out payments will range from
    $40&#160;million to $42&#160;million in the next twelve months
    from the date of this proxy statement/prospectus and from
    $30&#160;million to $58&#160;million over the following two to
    three years, based on the performance of the acquired companies
    to date and forecast for the rest of the earn-out period. If the
    acquired companies perform better than expected, the actual
    earn-out payment would be higher than the current estimate, and
    as a result SearchMedia&#146;s cash position and results of
    operations could be adversely affected. Due to a variety of
    factors which cannot presently be ascertained, including without
    limitation, the amount of working capital that SearchMedia will
    have available upon closing, and the financial performance of
    both SearchMedia and the acquired companies entitled to receive
    an <FONT style="white-space: nowrap">earn-out</FONT>
    payment, the combined company after the business combination may
    not have sufficient liquidity to meet its
    <FONT style="white-space: nowrap">earn-out</FONT>
    obligations. If such failure cannot be remedied through
    renegotiation of the terms of such
    <FONT style="white-space: nowrap">earn-outs</FONT>
    with the acquiring companies or the raising of the required
    proceeds on reasonable terms, the combined company&#146;s
    operations are likely to be adversely and materially impacted.
</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 2%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><I><FONT style="font-family: 'Times New Roman', Times">Although
    it has achieved profitability, SearchMedia may incur losses in
    the future.</FONT></I></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    SearchMedia may need to make significant expenditures related to
    the development of its business, including integrating the
    companies it acquired in 2008. SearchMedia also expects its
    profitability for 2009 and potentially 2010 to be negatively
    affected by decreased demand from clients due to the current
    economic downturn, by share-based compensation charge in
    relation to issuance of share incentive awards to its employees,
    and by the amortization expenses in connection with the
    acquisitions it completed in 2008. In addition, as a subsidiary
    of a public company, SearchMedia will incur significant legal,
    accounting and other expenses that it did not incur before this
    business combination. SearchMedia may not achieve sufficient
    revenues to achieve or maintain profitability and it may even
    incur losses in the future for these and other reasons discussed
    in other risk factors and risks that it cannot foresee.
</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 2%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><I><FONT style="font-family: 'Times New Roman', Times">Failure
    to manage SearchMedia&#146;s growth could strain its management,
    operational and other resources, which could materially and
    adversely affect its business and growth
    potential.</FONT></I></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    SearchMedia experienced rapid expansion in recent years, which
    resulted, and will continue to result, in substantial demand on
    its management resources. To manage its growth, SearchMedia must
    develop and improve its existing administrative and operational
    systems and its financial and management controls, and further
    expand, train and manage its work force. SearchMedia also needs
    to incur substantial costs and spend substantial resources in
    connection with these efforts. SearchMedia may not have the
    resources to revamp its systems and controls, recruit or train
    its personnel, or afford to incur the costs and expenses in
    order to
</DIV>

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    successfully manage its growth. Failure to manage
    SearchMedia&#146;s growth may materially and adversely affect
    its business and growth potential.
</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 2%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><I><FONT style="font-family: 'Times New Roman', Times">The
    shareholders of Jingli Shanghai may have potential conflicts of
    interest with SearchMedia.</FONT></I></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    The shareholders of Jingli Shanghai are also the founders and
    shareholders of SearchMedia. Conflicts of interests between
    their dual roles as shareholders of both Jingli Shanghai and
    SearchMedia may arise. SearchMedia cannot assure you that when
    conflicts of interest arise, any or all of these individuals
    will act in the best interests of SearchMedia or that any
    conflict of interest will be resolved in its favor. In addition,
    these individuals may breach or cause Jingli Shanghai to breach
    or refuse to renew the existing contractual arrangements that
    allow SearchMedia to effectively control Jingli Shanghai and
    receive economic benefits from it. If SearchMedia cannot resolve
    any conflicts of interest or disputes between it and the
    shareholders of Jingli Shanghai, SearchMedia would have to rely
    on legal proceedings, the outcome of which is uncertain and
    could be disruptive to its business.
</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 2%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><I><FONT style="font-family: 'Times New Roman', Times">SearchMedia&#146;s
    business depends substantially on the continuing efforts of its
    senior executives, and its business may be severely disrupted if
    SearchMedia loses their services.</FONT></I></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    SearchMedia&#146;s future success depends heavily on the
    continued services of its senior executives and other key
    employees, their industry expertise, their experience in
    business operations and sales and marketing, and their working
    relationships with SearchMedia&#146;s advertising clients as
    well as the site owners, property developers, property
    management companies, homeowner associations and relevant
    government authorities that affect the site contracts with
    SearchMedia.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    SearchMedia does not have a long history of working together
    with some of these senior executives and key employees. If one
    or more of SearchMedia&#146;s senior executives were unable or
    unwilling to continue in their present positions, SearchMedia
    might not be able to replace them easily or at all. If any of
    its senior executives joins a competitor or forms a competing
    company, SearchMedia may lose clients, site contracts, key
    professionals and staff members. SearchMedia has entered into an
    employment agreement with each of its executive officers, which
    agreement contains non-competition provisions. However, if a
    dispute arises between SearchMedia and its executive officers,
    there is no assurance that any of these agreements could be
    enforced, or to what extent they could be enforced, in China, in
    light of the uncertainties with China&#146;s legal system.
</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 2%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><I><FONT style="font-family: 'Times New Roman', Times">If
    SearchMedia is unable to adapt to changing advertising trends of
    advertisers and consumers, it will not be able to compete
    effectively and it will be unable to increase or maintain its
    revenues, which may materially and adversely affect its business
    prospects and revenues.</FONT></I></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    The competitive market for out-of-home advertising requires
    SearchMedia to continuously identify new advertising trends of
    advertisers and consumers. In response to these new advertising
    trends, SearchMedia may need to quickly develop and adopt new
    formats, features and enhancements for its advertising network
    <FONT style="white-space: nowrap">and/or</FONT>
    cost-effectively expand into additional advertising media and
    platforms beyond in-elevator, billboards, and subway platform
    advertising. SearchMedia may be required to incur, but may not
    have the financial resources necessary to fund, development and
    acquisition costs in order to keep pace with new advertising
    trends. If SearchMedia fails to identify or respond adequately
    to these changing advertising trends, demand for its advertising
    network and services may decrease and SearchMedia may not be
    able to compete effectively or attract advertising clients,
    which would have a material and adverse effect on its business
    prospects and revenues.
</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 2%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><I><FONT style="font-family: 'Times New Roman', Times">SearchMedia&#146;s
    growth could suffer if it fails to expand its media networks to
    include new media offerings, media platforms or enter into new
    markets.</FONT></I></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Currently, SearchMedia&#146;s network primarily consists of
    in-elevator, outdoor billboard and subway advertising.
    SearchMedia&#146;s growth strategy includes broadening its
    service offerings and possibly entering into new advertising
    markets. It is difficult to predict whether consumers and
    advertising clients will accept its entry into new media markets
    or accept the new media products or platforms it may offer. It
    is also difficult to
</DIV>

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    42
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    predict whether SearchMedia will be able to generate sufficient
    revenues to offset the costs of entering into these new markets
    or introducing these new products or new media platforms.
    SearchMedia may also have limited or no prior experience working
    with these new products, platforms or markets. If SearchMedia
    fails to expand its media network to include new media products,
    platforms or markets, its growth could suffer as a result.
</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 2%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><I><FONT style="font-family: 'Times New Roman', Times">Failures
    to obtain site owners&#146; consents or objections from site
    owners to the installations of SearchMedia&#146;s media products
    could lead to termination of its contracts or installations,
    which would harm its results of operations.</FONT></I></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    PRC real estate laws and regulations require that SearchMedia
    obtain prior consent of site owners and managers for any
    commercial use of public areas or facilities of residential
    properties. SearchMedia generally enters into display placement
    agreements with site managers. To comply with PRC real estate
    laws and regulations, SearchMedia also needs to obtain or urge
    site managers to obtain prior consent of site owners committees
    or site owners. In some circumstances, it is difficult to locate
    site owners. If SearchMedia enters into an agreement for display
    placement with a site manager without the consent from the
    relevant site owners, it could be subject to fines of up to
    RMB0.2&#160;million (approximately $29,000) for each site and be
    required to remove its advertising posters from the affected
    building. In addition, site owners who object to the
    installation of poster frames in their buildings may cause site
    managers to terminate or fail to renew site contracts with
    SearchMedia, which would harm its results of operations.
</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 2%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><I><FONT style="font-family: 'Times New Roman', Times">If
    site managers or owners shut down SearchMedia&#146;s displays
    for site maintenance or other reasons, its business could be
    adversely affected.</FONT></I></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Under certain site leasing contracts SearchMedia entered into
    with site managers or owners, site managers or owners have the
    right to shut down SearchMedia&#146;s displays with prior
    written notice if they need to inspect or maintain the sites
    where SearchMedia has installed advertising displays, or for
    other reasons such as facility reconstruction. However, under
    SearchMedia&#146;s contracts with its advertising clients, if
    these displays are shut down for an extended period of time,
    SearchMedia is required to substitute these suspended displays
    with alternative displays. If SearchMedia cannot reach an
    agreement with its clients on the alternative displays,
    SearchMedia could be required to refund the advertising fees
    paid by these clients. If a substantial number of
    SearchMedia&#146;s displays are shut down by site managers
    within a short time period, it may not be able to locate
    alternative display locations and may incur substantial remedial
    costs. SearchMedia&#146;s relationships with its advertising
    clients could also suffer and its financial results could be
    adversely affected.
</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 2%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><I><FONT style="font-family: 'Times New Roman', Times">Unauthorized
    use of SearchMedia&#146;s intellectual property by third
    parties, and the expenses incurred in protecting its
    intellectual property rights, may adversely affect its
    business.</FONT></I></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    SearchMedia regards its copyrights, trademarks, trade secrets
    and other intellectual property as critical to its success.
    Unauthorized use of the intellectual property used in its
    business may adversely affect its business and reputation.
    SearchMedia has historically relied on a combination of
    trademark and copyright law, trade secret protection and
    restrictions on disclosure to protect its intellectual property
    rights. SearchMedia has entered into confidentiality agreements
    with all its employees. SearchMedia cannot assure you that these
    confidentiality agreements will not be breached, or that
    SearchMedia will have adequate remedies for any breach.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    SearchMedia is in the process of registering in China the
    &#147;SearchMedia&#148; trademark and logo used in its business.
    SearchMedia cannot assure you that its trademark application
    will ultimately proceed to registration or will result in
    registration with scope adequate for its business. Some of
    SearchMedia&#146;s pending applications or registration may be
    successfully challenged or invalidated by others. If
    SearchMedia&#146;s trademark application is not successful,
    SearchMedia may have to use different marks for affected
    services or technologies, or enter into arrangements with any
    third parties who may have prior registrations, applications or
    rights, which might not be available on commercially reasonable
    terms, if at all.
</DIV>

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    <BR>
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<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    In addition, monitoring and preventing unauthorized use of
    SearchMedia&#146;s trademarks and other intellectual property is
    difficult and expensive, and litigation may be necessary in the
    future to enforce its intellectual property rights. Future
    litigation could result in substantial costs and diversion of
    SearchMedia&#146;s resources, and could disrupt its business, as
    well as have a material adverse effect on its financial
    condition and results of operations.
</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 2%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><I><FONT style="font-family: 'Times New Roman', Times">SearchMedia
    relies on computer software and hardware systems in managing its
    operations, the failure of which could adversely affect its
    business, financial condition and results of
    operations.</FONT></I></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    SearchMedia is dependent upon its computer software and hardware
    systems in supporting the sales, scheduling and maintenance of
    its network. In addition, SearchMedia relies on its computer
    hardware for the storage and delivery of the data on its
    network. Any system failure which causes interruptions to the
    input and retrieval of data or increases SearchMedia&#146;s
    service time could disrupt its normal network operations. In
    addition, computer hackers infecting its network with viruses
    could cause its network to become unavailable. Although
    SearchMedia believes that its disaster recovery plan is adequate
    to handle the failure of its computer software and hardware
    systems, SearchMedia cannot assure you that it will be able to
    effectively carry out this disaster recovery plan or that it
    would be able to restore its network operations fast enough to
    avoid a significant disruption to its business. Any failure in
    SearchMedia&#146;s computer software
    <FONT style="white-space: nowrap">and/or</FONT>
    hardware systems could decrease its revenues and harm its
    relationships with advertisers and target audiences, which in
    turn could have a material adverse effect on its business,
    financial condition and results of operations.
</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 2%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><I><FONT style="font-family: 'Times New Roman', Times">SearchMedia
    has no business liability, disruption or litigation insurance,
    and SearchMedia could incur substantial costs if its business is
    disrupted due to natural disasters, litigation or other business
    interruptions.</FONT></I></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    The insurance industry in China is still at an early stage of
    development. Insurance companies in China offer limited business
    insurance products and do not, to SearchMedia&#146;s knowledge,
    offer business liability insurance. While business disruption
    insurance is available to a limited extent in China, SearchMedia
    has determined that the risks of disruption, cost of such
    insurance and the difficulties associated with acquiring such
    insurance on commercially reasonable terms make it impractical
    for SearchMedia to have such insurance. As a result, SearchMedia
    does not have any business liability, disruption or litigation
    insurance coverage for its operations in China. Any business
    disruption or litigation may result in SearchMedia&#146;s
    incurring substantial costs and the diversion of resources.
</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 2%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><I><FONT style="font-family: 'Times New Roman', Times">SearchMedia&#146;s
    operating results are difficult to predict and may fluctuate
    from period to period.</FONT></I></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    SearchMedia&#146;s operating results are difficult to predict
    and may fluctuate from period to period. Factors that are likely
    to cause its operating results to fluctuate include:
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="4%"></TD>
    <TD width="2%"></TD>
    <TD width="94%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    its ability to maintain and increase sales to existing
    advertising clients, attract new advertising clients and satisfy
    its clients&#146; demands;
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    the frequency of its clients&#146; advertisements on its network;
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    the price SearchMedia charges for its advertising time or
    changes in its pricing strategies or the pricing strategies of
    its competitors;
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    effects of strategic alliances, potential acquisitions and other
    business combinations, and its ability to successfully and
    timely integrate them into its business;
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    changes in government regulations in relation to the advertising
    industry;
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    lower advertising spending immediately following a major holiday
    season in China;&#160;and
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    economic and geopolitical conditions in China and elsewhere.
</TD>
</TR>

</TABLE>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Many of the factors discussed above are beyond
    SearchMedia&#146;s control, making its results difficult to
    predict from period to period. Although SearchMedia did not
    experience significant seasonality in its business,
</DIV>

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    <BR>
    44
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<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    except for generally lower sales in periods immediately
    following major holiday seasons historically, you should not
    rely on its operating results for prior periods as an indication
    of its future results. If SearchMedia&#146;s revenues for a
    particular period are lower than expected, it may be unable to
    reduce its operating expenses for that period by a corresponding
    amount, which would harm its operating results for that period
    relative to its operating results from other periods.
</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 2%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><I><FONT style="font-family: 'Times New Roman', Times">All
    participants of the employee share incentive plan who are PRC
    citizens may be required to obtain approval of the PRC State
    Administration of Foreign Exchange, or SAFE. SearchMedia may
    also face regulatory uncertainties that could restrict its
    ability to adopt additional employee share incentive plans for
    its directors and employees under PRC law. If SearchMedia&#146;s
    employees fail to pay and SearchMedia fails to withhold their
    income taxes generated from employee share incentive plans,
    SearchMedia may face sanctions imposed by tax authorities or any
    other PRC government authorities.</FONT></I></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    On January&#160;5, 2007, the SAFE issued the Implementing Rules
    of the Administrative Measures for Individual Foreign Exchange,
    or the Individual Foreign Exchange Rule, which, among other
    things, specifies approval requirements for a PRC citizen&#146;s
    participation in the employee stock holding plans or stock
    option plans of an overseas publicly-listed company. On
    March&#160;28, 2007, the SAFE issued the Processing Guidance on
    Foreign Exchange Administration of Domestic Individuals
    Participating in Employee Stock Holding Plan or Stock Option
    Plan of Overseas Listed Company, or the Stock Option Rule.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    According to the Stock Option Rule, if a PRC domestic individual
    participates in any employee stock holding plan or stock option
    plan of an overseas listed company, a PRC domestic agent or the
    PRC subsidiary of such overseas listed company must, among
    others things, file, on behalf of such individual, an
    application with the SAFE to obtain approval for an annual
    allowance with respect to the purchase of foreign exchange in
    connection with stock purchase or stock option exercise as PRC
    domestic individuals may not directly use overseas funds to
    purchase stocks or exercise stock options. Such PRC
    individuals&#146; foreign exchange income received from the sale
    of stocks and dividends distributed by the overseas listed
    company and any other income shall be fully remitted into a
    collective foreign currency account in PRC opened and managed by
    the PRC subsidiary of the overseas listed company or the PRC
    agent before distributing them to such individuals.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    SearchMedia&#146;s PRC citizen employees who will be granted
    stock options, restricted share awards of ID Cayman, or PRC
    optionees, will be subject to the Stock Option Rule upon the
    completion of the business combination. If SearchMedia or its
    PRC optionees fail to comply with the Individual Foreign
    Exchange Rule and the Stock Option Rule, SearchMedia
    <FONT style="white-space: nowrap">and/or</FONT> its
    PRC optionees may be subject to fines and other legal sanctions
    and ID Cayman
    <FONT style="white-space: nowrap">and/or</FONT>
    SearchMedia may be prevented from granting additional options or
    other awards of ID Cayman to SearchMedia&#146;s PRC employees,
    which may adversely affect SearchMedia&#146;s business
    operations.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    In addition, the General Administration of Taxation has issued
    certain circulars concerning employee stock options. Pursuant to
    these circulars, SearchMedia&#146;s employees working in China
    who exercise stock options will be subject to PRC individual
    income tax. SearchMedia&#146;s PRC subsidiaries and consolidated
    variable interest entities have obligations to file documents
    related to employee stock options with relevant tax authorities
    and withhold individual income taxes of those employees who
    exercise their stock options. If SearchMedia&#146;s employees
    fail to pay and SearchMedia fails to withhold their income
    taxes, SearchMedia may face sanctions imposed by tax authorities
    or any other PRC government authorities.
</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 2%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><I><FONT style="font-family: 'Times New Roman', Times">The
    registered capital of Jieli Network has not been fully paid and
    Jieli Network has not started its operation, which could cause
    Jieli Network to lose its business license.</FONT></I></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    SearchMedia was required to have completed a capital
    contribution of $29&#160;million towards the registered capital
    of Jieli Network by January&#160;16, 2009. However, as of the
    date of this proxy statement/prospectus, SearchMedia has only
    contributed $20.5&#160;million. Jieli Network has obtained
    approval from the SAIC to extend the payment deadline of the
    remaining capital contribution to January&#160;15, 2010.
    According to relevant PRC laws and regulations, if the
    shareholder delays its capital contribution to a wholly foreign
    owned enterprise
</DIV>

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    <BR>
    45
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<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    such as Jieli Network for more than 30&#160;days, the State
    Administration of Industry and Commerce, or the SAIC, is
    entitled to revoke the business license of the enterprise.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Furthermore, according to PRC laws and regulations, the relevant
    PRC registration authorities may revoke a company&#146;s
    business license if such company, absent reasonable cause, has
    failed to commence operation of its business within six months
    after its establishment. From the date of Jieli Network&#146;s
    incorporation on January&#160;16, 2008 through the date of this
    proxy statement/prospectus, Jieli Network has not commenced
    operations of its business. Jieli Network has not received any
    notice from the SAIC or relevant PRC registration authorities of
    any plan to revoke Jieli Network&#146;s business license.
    However, if Jieli Network&#146;s business license is revoked,
    Jieli Network will need to be dissolved, and SearchMedia must
    repatriate the capital contributions to an entity outside China.
    If SearchMedia is unsuccessful in subsequently contributing the
    repatriated amount to an entity inside China, the business
    operation of SearchMedia may be adversely and materially
    affected.
</DIV>
<A name='326'>
<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">Risks
    Relating to Doing Business in the People&#146;s Republic of
    China</FONT></B>
</DIV>
</A>
<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 2%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><I><FONT style="font-family: 'Times New Roman', Times">If the
    PRC government determines that the contractual arrangements that
    establish the structure for operating SearchMedia&#146;s China
    business do not comply with applicable PRC laws and regulations,
    SearchMedia could be subject to severe penalties.</FONT></I></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Applicable PRC laws and regulations currently require any
    foreign entities that invest in the advertising services
    industry to have at least two years of direct operations in the
    advertising industry outside of China. SearchMedia is a Cayman
    Islands corporation and a foreign legal person under Chinese
    laws. SearchMedia has not directly operated an advertising
    business outside of China and thus cannot qualify for the
    requirement of minimum two years experience outside China under
    PRC regulations. Accordingly, its subsidiary, Jieli Consulting,
    is currently ineligible to apply for the required business
    license for providing advertising services in China. SearchMedia
    currently operates its advertising business through its
    contractual arrangements with its consolidated variable interest
    entity in China, Jingli Shanghai, and prior to formation of
    Jingli Shanghai, through Shanghai Sige Advertising and Media
    Co., Ltd., or Sige, Shenzhen Dale Advertising Co., Ltd., or Dale
    and Beijing Conghui Advertising Co., Ltd., or Conghui. Jingli
    Shanghai is currently owned by two PRC citizens,
    Ms.&#160;Qinying Liu and Ms.&#160;Le Yang, and holds the
    requisite business license to provide advertising services in
    China. Jingli Shanghai and its subsidiaries directly operate
    SearchMedia&#146;s advertising network, enter into display
    placement agreements and sell advertising spaces to its clients.
    SearchMedia has been and is expected to continue to be dependent
    on Jingli Shanghai and its subsidiaries to operate its
    advertising business. SearchMedia does not have any equity
    interest in Jingli Shanghai but receives the economic benefits
    and assumes the economic risks of it through various contractual
    arrangements and certain corporate governance and shareholder
    rights arrangements. In addition, SearchMedia has entered into
    agreements with Jingli Shanghai and each of the shareholders of
    Jingli Shanghai which allows it to exert control over Jingli
    Shanghai.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    If SearchMedia, Jieli Consulting, Jieli Network, Jingli Shanghai
    or any of its future PRC subsidiaries are found to be in
    violation of any existing or future PRC laws or regulations, or
    fail to obtain or maintain any of the required permits or
    approvals, the relevant PRC regulatory authorities, including
    the State Administration for Industry and Commerce, or SAIC,
    which regulates advertising companies, would have broad
    discretion in dealing with such violations, including:
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="4%"></TD>
    <TD width="2%"></TD>
    <TD width="94%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    revoking the business and operating licenses of Jingli Shanghai
    or SearchMedia&#146;s PRC subsidiary and other affiliated
    entities, if any;
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    discontinuing or restricting the operations of any transactions
    among SearchMedia&#146;s PRC subsidiary, Jingli Shanghai and its
    shareholders;
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    imposing fines, confiscating the income of Jingli Shanghai or
    SearchMedia&#146;s income, or imposing other requirements with
    which SearchMedia or its PRC subsidiary and affiliated entities
    may not be able to comply;
</TD>
</TR>

</TABLE>

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    <BR>
    46
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<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="4%"></TD>
    <TD width="2%"></TD>
    <TD width="94%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    requiring SearchMedia or its PRC subsidiary and affiliated
    entities to restructure its ownership structure or
    operations;&#160;or
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    restricting or prohibiting SearchMedia&#146;s use of the
    proceeds of this transaction to finance its business and
    operations in China.
</TD>
</TR>

</TABLE>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    The imposition of any of these penalties could result in a
    material and adverse effect on SearchMedia&#146;s ability to
    conduct its business, and its financial condition and results of
    operations.
</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 2%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><I><FONT style="font-family: 'Times New Roman', Times">SearchMedia
    does not have a direct equity ownership interest in the entities
    that operate its business in China. SearchMedia relies on
    contractual arrangements with Jingli Shanghai and its
    shareholders for its China operations, which may not be as
    effective in providing operational control as would be the case
    through ownership of a controlling equity interest in such
    operating entities.</FONT></I></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    SearchMedia has relied and expects to continue to rely on
    contractual arrangements with Jingli Shanghai and its
    shareholders to operate its business in China. For a description
    of these contractual arrangements, see &#147;Information about
    SearchMedia&#160;&#151; Corporate Ownership
    Structure&#160;&#151; Contractual Arrangements with Jingli
    Shanghai and its Shareholders&#148; and &#147;Certain
    Relationships and Related Party Transactions&#160;&#151;
    SearchMedia Related Party Transactions&#160;&#151; Contractual
    Arrangements with Jingli Shanghai and its Shareholders.&#148;
    These contractual arrangements include an equity pledge
    agreement, under which the shareholders of Jingli Shanghai
    pledged their equity interests in Jingli Shanghai to Jieli
    Consulting. Such pledge was duly created by recording the pledge
    on Jingli Shanghai&#146;s register of shareholders in accordance
    with the PRC Collateral Law. According to the PRC Property
    Rights Law, effective as of October&#160;1, 2007, the pledge
    needs to be registered with the relevant local branch of the
    Shanghai Administration of Industry and Commerce. Jingli
    Shanghai successfully registered the pledge with the Shanghai
    Administration of Industry and Commerce Chongming Sub-bureau on
    February&#160;2, 2009. These contractual arrangements may not be
    as effective as ownership of a controlling equity interest would
    be in providing SearchMedia with control over Jingli Shanghai.
    Under the current contractual arrangements, as a legal matter,
    if Jingli Shanghai or any of its shareholders fails to perform
    their respective obligations under these contractual
    arrangements, SearchMedia may have to incur substantial costs
    and resources to enforce such arrangements, and rely on legal
    remedies under PRC law, including seeking specific performance
    or injunctive relief, and claiming damages, which may not be
    effective. For example, if the shareholders of Jingli Shanghai
    were to refuse to transfer their equity interests in Jingli
    Shanghai to SearchMedia or its designee when SearchMedia
    exercises the call option pursuant to these contractual
    arrangements, or if they were otherwise to act in bad faith
    towards SearchMedia, SearchMedia may have to take legal action
    to compel them to perform their contractual obligations. In
    addition, SearchMedia may not be able to renew these contracts
    with Jingli Shanghai
    <FONT style="white-space: nowrap">and/or</FONT> its
    shareholders.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    In addition, if Jingli Shanghai or all or part of its assets
    become subject to liens or rights of third-party creditors,
    SearchMedia may be unable to continue some or all of its
    business activities, which could materially and adversely affect
    its business, financial condition and results of operations. If
    Jingli Shanghai undergoes a voluntary or involuntary liquidation
    proceeding, its shareholders or unrelated third-party creditors
    may claim rights to some or all of these assets, thereby
    hindering SearchMedia&#146;s ability to operate its business,
    which could materially and adversely affect its business and its
    ability to generate revenue.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    All of these contractual arrangements are governed by PRC law
    and provide for the resolution of disputes through arbitration
    in the PRC. The legal environment in the PRC is not as developed
    as in other jurisdictions, such as the United States. As a
    result, uncertainties in the PRC legal system could limit
    SearchMedia&#146;s ability to enforce these contractual
    arrangements. In the event SearchMedia is unable to enforce
    these contractual arrangements, SearchMedia may not be able to
    exert effective control over its affiliated entity, and its
    ability to conduct its business may be materially and negatively
    affected.
</DIV>

<P align="center" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <BR>
    47
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<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->

<DIV align="left" style="margin-left: 2%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><I><FONT style="font-family: 'Times New Roman', Times">SearchMedia&#146;s
    affiliated entity may have engaged in business activities
    without necessary registration with local authorities. This
    could subject SearchMedia to fines and other penalties, which
    could have a material adverse effect on SearchMedia&#146;s
    ability to operate its business.</FONT></I></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    According to relevant PRC laws, a company that sets up a branch
    to conduct an advertising business in a location where it is not
    registered must register with the local branch of the State
    Administration for Industry and Commerce, or SAIC. Jingli
    Shanghai currently has registered with the local branches of
    SAIC in Shanghai, Beijing, Guangzhou, Nanjing, Changchun,
    Chongqing, Chengdu, Dalian, Xi&#146;an, Jinan, Hangzhou,
    Qingdao, Wuhan, Changzhou, Fuzhou and Shenzhen, where it has set
    up its headquarters and branch offices. As SearchMedia&#146;s
    business expands, Jingli Shanghai will register other branch
    offices with the relevant local branch of SAIC of the other
    cities, but there are no assurances that it will be able to
    timely register with the local authorities in each of the cities
    where SearchMedia operates and, as a result, SearchMedia may be
    subject to penalties for failure to register. These penalties
    may include disgorgement of profits or revocation of Jingli
    Shanghai&#146;s business license, although SearchMedia believes,
    as a matter of practice, the authorities typically impose such
    an extreme penalty only after repeated warnings are ignored or
    where a violation is blatant and continuous. Because of the
    discretionary nature of regulatory enforcements in the PRC,
    there can be no assurances that Jingli Shanghai will not be
    subject to these penalties as a result of violations of the
    requirement to register with SAIC or its local branches, or that
    these penalties would not have a material adverse effect on
    SearchMedia&#146;s ability to operate its business.
</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 2%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><I><FONT style="font-family: 'Times New Roman', Times">Adverse
    changes in economic and political policies of the PRC government
    could have a material adverse effect on the overall economic
    growth of China, which could adversely affect SearchMedia&#146;s
    business.</FONT></I></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Substantially all of SearchMedia&#146;s business operations are
    conducted in China. Accordingly, SearchMedia&#146;s business,
    results of operations, financial condition and prospects are
    subject to a significant degree to economic, political and legal
    developments in China. China&#146;s economy differs from the
    economies of developed countries in many respects, including
    with respect to the amount of government involvement, level of
    development, growth rate, control of foreign exchange and
    allocation of resources. While the PRC economy has experienced
    significant growth in the past 20&#160;years, growth has been
    uneven across different regions and among various economic
    sectors of China. The PRC government has implemented various
    measures to encourage economic development and guide the
    allocation of resources. While some of these measures benefit
    the overall PRC economy, they may also have a negative effect on
    SearchMedia. For example, SearchMedia&#146;s business, financial
    condition and results of operations may be adversely affected by
    changes in tax regulations or government&#146;s control over
    capital investments and foreign currencies. As the PRC economy
    is increasingly linked to the global economy, it is affected in
    various respects by downturns and recessions of major economies
    around the world, such as the recent financial and economic
    crises. The various economic and policy measures enacted by the
    PRC government to forestall economic downturns or shore up the
    PRC economy may not succeed and SearchMedia&#146;s business
    would be negatively affected as a result.
</DIV>

<DIV style="margin-top: 9pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 2%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><I><FONT style="font-family: 'Times New Roman', Times">If
    advertising registration certificates are not obtained for
    advertisements on SearchMedia&#146;s outdoor billboard or rapid
    transit networks, SearchMedia may be subject to
    fines.</FONT></I></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    On May&#160;22, 2006, the SAIC amended the Provisions on the
    Registration Administration of Outdoor Advertisements, or the
    new outdoor advertisement provisions. Pursuant to the new
    outdoor advertisement provisions, advertisements placed on
    posters, digital displays, light boxes, neon lights via outdoor
    premises, space, facilities, as well as those placed in rapid
    transit stations are treated as outdoor advertisements and must
    be registered in accordance with the local SAIC by
    &#147;advertising distributors&#148; and advertising
    registration certificates must be obtained. After review and
    examination, if an application complies with the requirements,
    the local SAIC will issue an Outdoor Advertising Registration
    Certificate for such advertisement. The content, format,
    specifications, periods and locations of dissemination of the
    outdoor advertisement must be submitted for filing with the
    local SAIC.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    SearchMedia requires advertisers to apply for and obtain the
    registration certificates for their advertisements. If an
    advertiser displays an advertisement without the requisite
    registration, the relevant local SAICs may require SearchMedia
    to disgorge advertising revenues or may impose fines on it.
</DIV>

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<DIV align="left" style="margin-left: 2%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><I><FONT style="font-family: 'Times New Roman', Times">SearchMedia&#146;s
    outdoor billboards, light boxes and neon signs are subject to
    municipal zoning requirements, governmental approvals and
    administrative controls. If SearchMedia is required to tear down
    its billboards, light boxes or neon signs as a result of these
    requirements, approvals or controls, its operations could be
    materially and adversely affected.</FONT></I></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    SearchMedia&#146;s billboards, light boxes and neon signs are
    subject to local regulations which may impose detailed
    requirements regarding municipal zoning requirements and
    governmental approvals. Each outdoor placement and installation
    may require a license with specific terms of use. If
    SearchMedia, or its lessors or sublessors, violate the terms of
    the license for the relevant placement and installation for a
    billboard, light box or neon sign, SearchMedia could be required
    to tear it down. SearchMedia may also be required to tear it
    down as result of change of municipal zoning requirements or
    actions taken by local authorities for city beautification,
    <FONT style="white-space: nowrap">clean-up</FONT> or
    other purposes. If SearchMedia loses a significant number of
    billboards, light boxes
    <FONT style="white-space: nowrap">and/or</FONT> neon
    signs as a result, its business operations would be materially
    and adversely impacted. Moreover, if SearchMedia is unable to
    perform its advertising contracts as a result of these losses,
    it may incur remedial costs and its relationships with its
    advertising clients and financial results could be harmed as a
    result.
</DIV>

<DIV style="margin-top: 9pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 2%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><I><FONT style="font-family: 'Times New Roman', Times">If
    SearchMedia were deemed a &#147;resident enterprise&#148; by PRC
    tax authorities, it could be subject to tax on its global income
    and its non-PRC shareholders could be subject to certain PRC
    taxes.</FONT></I></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Under the New PRC Enterprise Tax law effective January&#160;1,
    2008, or the EIT law, an enterprise established outside of the
    PRC with &#147;de facto management bodies&#148; within the PRC
    is considered a &#147;resident enterprise&#148; and will be
    subject to the EIT at the rate of 25% on its global income. The
    implementing rules of the EIT law define &#147;de facto
    management&#148; as &#147;substantial and overall management and
    control over the production and operations, personnel,
    accounting, and properties&#148; of the enterprise. If
    SearchMedia were to be considered a &#147;resident
    enterprise&#148; by the PRC tax authorities, its global income
    would be subject to tax under the EIT law at the rate of 25%
    and, to the extent SearchMedia were to generate substantial
    amount of income outside of PRC in the future, it would be
    subject to additional taxes. In addition, if SearchMedia were to
    be considered a &#147;resident enterprise,&#148; the dividends
    it pays to its non-PRC enterprise shareholders would be subject
    to withholding tax and its non-PRC enterprise shareholders would
    be subject to a 10% income tax on any gains they would realize
    from the transfer of their shares, if such income were sourced
    from within the PRC.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    According to SearchMedia&#146;s PRC counsel, as of the date of
    this proxy statement/prospectus, no final interpretations on the
    implementation of the &#147;resident enterprise&#148;
    designation are available for companies such as SearchMedia.
    Moreover, any such designation, when made by PRC tax
    authorities, will be determined based on the facts and
    circumstances of individual cases. As a result, SearchMedia,
    after consulting its PRC counsel, cannot determine the
    likelihood of SearchMedia being designated a &#147;resident
    enterprise&#148; as of the date of this proxy
    statement/prospectus.
</DIV>

<DIV style="margin-top: 9pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 2%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><I><FONT style="font-family: 'Times New Roman', Times">SearchMedia
    principally relies on dividends and other distributions on
    equity paid by its wholly-owned subsidiary to fund any cash and
    financing requirements it may have, and any limitation on the
    ability of SearchMedia&#146;s subsidiary and affiliated entities
    to make payments to it could have a material adverse effect on
    its ability to conduct its business.</FONT></I></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    SearchMedia is a holding company, which will become a
    wholly-owned subsidiary of ID Cayman. SearchMedia relies
    principally on payments of service, license and other fees from
    Jingli Shanghai to Jieli Consulting, one of SearchMedia&#146;s
    wholly-owned subsidiaries in China, and distributions in turn
    from Jieli Consulting to SearchMedia to fund its cash and debt
    service requirements. ID Cayman will be similarly reliant on
    such distributions in order to fulfill its cash and debt service
    requirements. Current PRC regulations permit SearchMedia&#146;s
    subsidiaries to pay dividends to SearchMedia only out of their
    accumulated profits, if any, determined in accordance with
    Chinese accounting standards and regulations. In addition, each
    of SearchMedia&#146;s subsidiaries and consolidated affiliated
    entities in China are required to set aside at least 10% of its
    after-tax profits each year, if any, to fund a statutory reserve
    until such reserve reaches 50% of its registered capital. These
    reserves are not distributable as cash dividends. Furthermore,
    if SearchMedia&#146;s subsidiaries and consolidated affiliated
    entities in China incur debt on their own behalf in the future,
    the
</DIV>

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<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    instruments governing the debt may restrict their ability to pay
    dividends or make other payments to SearchMedia. In addition,
    the PRC tax authorities may require SearchMedia to adjust its
    taxable income under the contractual arrangements SearchMedia
    currently has in place in a manner that would materially and
    adversely affect its subsidiaries&#146; ability to pay dividends
    and other distributions to SearchMedia.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Furthermore, under the previously applicable PRC tax laws and
    regulations, dividend payments to foreign investors made by
    foreign-invested enterprises in China, such as Jieli Consulting
    and Jieli Network, are exempt from PRC withholding tax. Pursuant
    to the EIT law and the implementing rules that became effective
    on January&#160;1, 2008, however, dividends payable by a
    foreign-invested enterprise in China to its foreign investors
    will be subject to a 10% withholding tax, unless any such
    foreign investor&#146;s jurisdiction of incorporation has a tax
    treaty with China that provides for a different withholding
    arrangement. The Cayman Islands, where SM Cayman is
    incorporated, does not have such a tax treaty with China. The
    new tax law provides, however, that qualified dividends
    distributed between resident enterprises will be exempt from
    such requirement. If the PRC tax authorities subsequently
    determine that SearchMedia should be classified as a resident
    enterprise, the dividends received from Jieli Consulting and
    Jieli Network would be regarded as dividends distributed between
    resident enterprises, and thus be exempt from the new EIT
    withholding tax. As the interpretations of the &#147;resident
    enterprise&#148; designation are unavailable for companies such
    as SearchMedia, and as the designation is determined based on
    the facts and circumstances of individual cases, SearchMedia,
    after consulting its PRC counsel, cannot determine the
    likelihood of SearchMedia being designated a &#147;resident
    enterprise&#148; as of the date of this proxy
    statement/prospectus and, accordingly, whether the dividends
    payable to SearchMedia by its PRC subsidiaries would be subject
    to the withholding tax under the EIT law.
</DIV>

<DIV style="margin-top: 9pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 2%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><I><FONT style="font-family: 'Times New Roman', Times">Uncertainties
    with respect to the PRC legal system could adversely affect
    SearchMedia.</FONT></I></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    SearchMedia conducts its business primarily through its
    subsidiaries and affiliated entities in China.
    SearchMedia&#146;s operations in China are governed by PRC laws
    and regulations. SearchMedia&#146;s subsidiaries are generally
    subject to laws and regulations applicable to foreign
    investments in China and, in particular, laws and regulations
    applicable to wholly foreign-owned enterprises. The PRC legal
    system is based on statutes. Prior court decisions may be cited
    for reference but have limited precedential value.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Since 1979, PRC legislation and regulations have significantly
    enhanced the protections afforded various forms of foreign
    investments in China. However, China has not developed a fully
    integrated legal system and recently enacted laws and
    regulations may not sufficiently cover all aspects of economic
    activities in China. In particular, because these laws and
    regulations are relatively new, and because of the limited
    volume of published decisions and their nonbinding nature, the
    interpretation and enforcement of these laws and regulations
    involve uncertainties. In addition, the PRC legal system is
    based in part on government policies and internal rules (some of
    which are not published on a timely basis or at all) that may
    have a retroactive effect. As a result, SearchMedia may not be
    aware of its violation of these policies and rules until some
    time after a violation. In addition, any litigation in China may
    be protracted and result in substantial costs and diversion of
    resources and management attention.
</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 2%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><I><FONT style="font-family: 'Times New Roman', Times">SearchMedia
    may be subject to, and may expend significant resources in
    defending against, government actions and civil suits based on
    the content and services SearchMedia provides through its
    network.</FONT></I></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    PRC advertising laws and regulations require advertisers,
    advertising operators and advertising distributors, including
    businesses such as SearchMedia&#146;s, to ensure that the
    content of the advertisements they prepare or distribute are
    fair and accurate and are in full compliance with applicable
    law. Violations of these laws or regulations may result in
    penalties, including fines, confiscation of advertising fees,
    orders to cease dissemination of the advertisements and orders
    to publish an advertisement correcting the misleading
    information. In cases involving serious violations, the PRC
    government may revoke an offender&#146;s license for advertising
    business operations.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    As an operator of an advertising medium, SearchMedia is
    obligated under PRC law to monitor the advertising content
    displayed on its network for compliance with applicable law.
    Although the advertisements displayed on its network may have
    been previously displayed over public media, SearchMedia may be
    required to separately and independently vet these
    advertisements for content compliance before displaying
</DIV>

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<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    them on its networks. In addition, for advertising content
    related to certain types of products and services, such as
    alcohol, cosmetics, pharmaceuticals and medical procedures,
    SearchMedia is required to confirm that the advertisers have
    obtained requisite government approvals including the
    advertiser&#146;s operating qualifications, proof of quality
    inspection of the advertised products, government pre-approval
    of the contents of the advertisement and filings with the local
    authorities. Previously, SearchMedia did not strictly abide by
    these requirements. SearchMedia has remedied this noncompliance
    and has, among other things, employed qualified advertising
    inspectors who are trained to review advertising content for
    compliance with relevant PRC laws and regulations. However,
    there can be no assurances that SearchMedia will not be
    penalized for its past noncompliance or that each advertisement
    provided by an advertising client is in compliance with relevant
    PRC advertising laws and regulations or that the supporting
    documentation and government approvals provided by its
    advertising clients are accurate and complete.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Moreover, civil claims may be filed against SearchMedia for
    fraud, defamation, subversion, negligence, copyright or
    trademark infringement or other violations due to the nature and
    content of the information displayed on its network. If
    consumers find the content displayed on SearchMedia&#146;s
    network to be offensive, site managers and owners may seek to
    hold SearchMedia responsible for any consumer claims against
    them or may terminate their relationships with SearchMedia.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    In addition, if the security of SearchMedia&#146;s content
    management system is breached and unauthorized images or text
    are displayed on its network, viewers or the PRC government may
    find these images or text to be offensive, which may subject
    SearchMedia to civil liability or government censure, and harm
    its reputation. If SearchMedia&#146;s viewers do not believe its
    content is reliable and accurate, its business model may become
    less appealing to them and its advertising clients may be less
    willing to place advertisements on its network. Government
    censure, investigation or any other government action, or any
    civil suits against SearchMedia could divert management time and
    resources and could have a material and adverse effect on its
    business, results of operations and financial condition.
</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 2%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><I><FONT style="font-family: 'Times New Roman', Times">Governmental
    control of currency conversion may materially and adversely
    affect the value of your investment. Substantial limitations may
    be imposed on the removal of funds from the PRC to SearchMedia,
    or the infusion of funds by SearchMedia to its subsidiaries and
    affiliates located in the PRC.</FONT></I></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    The PRC government imposes controls on the convertibility of the
    RMB into foreign currencies and, in certain cases, the
    remittance of currency out of China. SearchMedia receives
    substantially all of SearchMedia&#146;s revenues in RMB. Under
    SearchMedia&#146;s current corporate structure,
    SearchMedia&#146;s income is primarily derived from dividend
    payments from its PRC subsidiaries. Shortages in the
    availability of foreign currency may restrict the ability of its
    PRC subsidiaries to remit sufficient foreign currency to pay
    dividends or other payments to SearchMedia, or otherwise satisfy
    their foreign currency denominated obligations. Under existing
    PRC foreign exchange regulations, payments of current account
    items, including profit distributions, interest payments and
    expenditures from trade-related transactions, can be made in
    foreign currencies without prior approval from the PRC State
    Administration of Foreign Exchange, or SAFE, by complying with
    certain procedural requirements. However, approval from
    appropriate government authorities is required where RMB is to
    be converted into foreign currency and remitted out of China to
    pay capital expenses such as the repayment of loans denominated
    in foreign currencies. The PRC government may also at its
    discretion restrict access in the future to foreign currencies
    for current account transactions. If the foreign exchange
    control system prevents SearchMedia from obtaining sufficient
    foreign currency to satisfy its currency demands, SearchMedia
    may not be able to pay dividends in foreign currencies to its
    parent, ID Cayman. As dividends from Chinese operations will be
    the primary source of revenue production for ID Cayman, failure
    to be able to receive such dividends could materially and
    adversely impact the value of your ID Cayman shares and could
    make it impossible for ID Cayman to meet its cash flow
    requirements.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    On August&#160;29, 2008, SAFE issued the <I>Circular on the
    Relevant Operating Issues Concerning the Improvement of the
    Administration of the Payment and Settlement of Foreign Currency
    Capital of Foreign-Invested Enterprises</I>, or Circular
    No.&#160;142. Pursuant to Circular No.&#160;142, the RMB fund
    from the settlement of foreign currency capital of a
    foreign-invested enterprise must be used within the business
    scope as approved
</DIV>

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<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    by the examination and approval department of the government,
    and cannot be used for domestic equity investment unless it is
    otherwise provided for. Documents certifying the purposes of the
    RMB fund from the settlement of foreign currency capital
    including a business contract must also be submitted for the
    settlement of the foreign currency. SearchMedia used to provide
    loans to Jingli Shanghai in RMB settled from foreign currency
    capital of Jieli Consulting and Jieli Network. With the
    strengthened administration on settlement of foreign currency,
    these previous loan arrangements may no longer be feasible. If
    the foreign exchange control system prevents Jingli Shanghai
    from obtaining sufficient RMB to satisfy its currency demands,
    the operation of SearchMedia may be materially and adversely
    affected.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    SearchMedia&#146;s subsidiary in Hong Kong, Ad-Icon Company
    Limited, is in the process of preparing application documents
    for submission to the relevant PRC authorities to establish a
    wholly foreign owned enterprise in China to directly engage in
    advertising business. Upon establishing such a wholly foreign
    owned enterprise, it plans to enter into advertising contracts
    directly with clients and submit those contracts for the purpose
    of settling foreign currencies. In the meantime, SearchMedia can
    submit the business contracts between Jieli Consulting/Jieli
    Network and Jingli Shanghai for the purpose of settling foreign
    currencies. According to the PRC counsel to SearchMedia, both
    alternatives are permissible under PRC laws.
</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 2%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><I><FONT style="font-family: 'Times New Roman', Times">PRC
    regulations relating to the establishment of offshore special
    purpose vehicles by PRC residents may subject SearchMedia&#146;s
    PRC resident shareholders or SearchMedia to penalties and limit
    its ability to inject capital into its PRC subsidiaries, limit
    its PRC subsidiaries&#146; ability to distribute profits to
    SearchMedia, or otherwise adversely affect
    SearchMedia.</FONT></I></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    SAFE issued a public notice in October 2005 requiring PRC
    residents to register with the local SAFE branch before
    establishing or controlling any company outside of China for the
    purpose of capital financing with assets or equities of PRC
    companies, referred to in the notice as an &#147;offshore
    special purpose vehicle.&#148; PRC residents that are
    shareholders
    <FONT style="white-space: nowrap">and/or</FONT>
    beneficial owners of offshore special purpose companies
    established before November&#160;1, 2005 were required to
    register with the local SAFE branch before March&#160;31, 2006.
    In addition, any PRC resident that is a shareholder of an
    offshore special purpose vehicle is required to amend its SAFE
    registration with respect to that offshore special purpose
    company in connection with any increase or decrease of capital,
    transfer of shares, merger, division, equity investment or
    creation of any security interest over any assets located in
    China or other material changes in share capital. In May 2007,
    SAFE issued relevant guidance to its local branches with respect
    to the operational process for SAFE registration, which
    standardized more specific and stringent supervision on the
    registration relating to the SAFE notice. SearchMedia has
    requested its current shareholders
    <FONT style="white-space: nowrap">and/or</FONT>
    beneficial owners to disclose whether they or their shareholders
    or beneficial owners fall within the ambit of the SAFE notice
    and has urged those who are PRC residents to register with the
    local SAFE branch as required under the SAFE notice. The failure
    of these shareholders
    <FONT style="white-space: nowrap">and/or</FONT>
    beneficial owners to timely amend their SAFE registrations
    pursuant to the SAFE notice or the failure of future
    shareholders
    <FONT style="white-space: nowrap">and/or</FONT>
    beneficial owners of SearchMedia who are PRC residents to comply
    with the registration procedures set forth in the SAFE notice
    may subject such shareholders, beneficial owners
    <FONT style="white-space: nowrap">and/or</FONT> its
    PRC subsidiaries to fines and legal sanctions and may also limit
    its ability to contribute additional capital into its PRC
    subsidiaries, limit its PRC subsidiaries&#146; ability to
    distribute dividends to SearchMedia or otherwise adversely
    affect its business. Additional registrations may be required in
    connection with the acquisition of shares in ID Cayman by
    existing shareholders of SearchMedia.
</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 2%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><I><FONT style="font-family: 'Times New Roman', Times">PRC
    regulation of loans and direct investment by offshore holding
    companies to PRC entities may delay or prevent SearchMedia from
    using the proceeds of this transaction to make loans or
    additional capital contributions to its PRC operating
    subsidiaries and affiliated entities.</FONT></I></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    In using the proceeds of this transaction as an offshore holding
    company of its PRC operating subsidiaries and affiliates,
    SearchMedia may make loans to its PRC subsidiaries and
    consolidated affiliates, or SearchMedia may make additional
    capital contributions to its PRC subsidiaries. As an offshore
    holding
</DIV>

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<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    company of its PRC operating subsidiaries and affiliates, any
    loans by SearchMedia to its PRC subsidiaries or consolidated PRC
    affiliates are subject to PRC regulations and approvals. For
    example:
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="4%"></TD>
    <TD width="2%"></TD>
    <TD width="94%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    loans by SearchMedia to its wholly-owned subsidiaries in China,
    each of which is a foreign-invested enterprise, to finance the
    activities cannot exceed statutory limits and must be registered
    with SAFE, or its local counterpart;&#160;and
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    loans by SearchMedia to Jingli Shanghai, which is a domestic PRC
    entity, may require the approval from the relevant government
    authorities or registration with SAFE or its local counterpart.
</TD>
</TR>

</TABLE>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    SearchMedia may also decide to finance its wholly-owned
    subsidiaries by means of capital contributions. These capital
    contributions must be approved by the PRC Ministry of Commerce
    or its local counterpart. Because Jingli Shanghai is a domestic
    PRC entity, SearchMedia is not likely to finance its activities
    by means of capital contributions due to regulatory issues
    relating to foreign investment in domestic PRC entities, as well
    as the licensing and other regulatory issues discussed in the
    &#147;Regulatory Matters&#148; section of this proxy
    statement/prospectus. There can be no assurances that
    SearchMedia will be able to obtain these government
    registrations or approvals on a timely basis, if at all, with
    respect to future loans or capital contributions by it to its
    subsidiaries or Jingli Shanghai. If SearchMedia fails to receive
    such registrations or approvals, its ability to use the proceeds
    of this transaction and to capitalize its PRC operations may be
    negatively affected, which could adversely and materially affect
    its liquidity and its ability to fund and expand its business.
</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><I><FONT style="font-family: 'Times New Roman', Times">Fluctuation
    in the value of the Renminbi may have a material adverse effect
    on your investment.</FONT></I></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    The value of the Renminbi against the U.S.&#160;dollar, Euro and
    other currencies is affected by, among other things, changes in
    China&#146;s political and economic conditions and China&#146;s
    foreign exchange policies. On July&#160;21, 2005, the PRC
    government changed its decade-old policy of pegging the value of
    the Renminbi to the U.S.&#160;dollar. Under the new policy, the
    Renminbi was permitted to fluctuate within a narrow and managed
    band against a basket of foreign currencies. This change in
    policy caused the Renminbi to appreciate approximately 21.5%
    against the U.S.&#160;dollar over the following three years.
    Since reaching a high against the U.S.&#160;dollar in July 2008,
    the Renminbi has traded within a narrow band against the
    U.S.&#160;dollar, remaining within 1% of its July 2008 high but
    never exceeding it. As a consequence, the Renminbi has
    fluctuated sharply since July 2008 against other freely traded
    currencies, in tandem with the U.S.&#160;dollar. It is difficult
    to predict how long the current situation may last and when and
    how it may change again.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Substantially all of SearchMedia&#146;s revenues and costs are
    denominated in Renminbi, and a significant portion of its
    financial assets are also denominated in Renminbi. Thus, a
    resumption of the appreciation of the Renminbi against the
    U.S.&#160;dollar would, for instance, further increase
    SearchMedia&#146;s costs in U.S.&#160;dollar terms. In addition,
    as SearchMedia principally relies on dividends and other
    distributions paid to it by its subsidiaries and affiliated
    entities in China, any significant depreciation of the Renminbi
    against the U.S.&#160;dollar may have a material adverse effect
    on SearchMedia&#146;s revenues and financial condition. In
    addition, to the extent that ID Cayman, or SearchMedia, needs to
    convert U.S.&#160;dollars into Renminbi for SearchMedia&#146;s
    operations, appreciation of the Renminbi against the
    U.S.&#160;dollar would have an adverse effect on the Renminbi
    amount it receives from the conversion. Conversely, if
    SearchMedia decides to convert its Renminbi into
    U.S.&#160;dollars for the purpose of making payments for
    dividends on ID Cayman&#146;s preferred or ordinary shares or
    for other business purposes, appreciation of the
    U.S.&#160;dollar against the Renminbi would have a negative
    effect on the U.S.&#160;dollar amount available to it. Any
    fluctuation of the exchange rate between the Renminbi and the
    U.S.&#160;dollar could also result in foreign current
    translation losses for financial reporting purposes.
</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 2%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><I><FONT style="font-family: 'Times New Roman', Times">The
    approval of the China Securities Regulatory Commission, or the
    CSRC, may be required in connection with this transaction under
    a recently adopted PRC regulation. The regulation also
    establishes more complex procedures for acquisitions conducted
    by foreign investors that could make it more difficult for
    SearchMedia to grow through acquisitions.</FONT></I></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    On August&#160;8, 2006, six PRC regulatory agencies: the PRC
    Ministry of Commerce, the State Assets Supervision and
    Administration Commission, or SASAC, the State Administration
    for Taxation, the State Administration for Industry and
    Commerce, the CSRC, and SAFE jointly adopted the Regulations on
    Mergers
</DIV>

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    <BR>
    53
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<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    and Acquisitions of Domestic Enterprises by Foreign Investors,
    which we refer to as the M&#038;A Regulations, that became
    effective on September&#160;8, 2006. The new regulations require
    offshore special purpose vehicles, or SPVs, that are controlled
    by PRC companies or residents and that have been formed for the
    purpose of seeking a public listing on an overseas stock
    exchange through acquisitions of PRC domestic companies or
    assets to obtain CSRC approval prior to publicly listing their
    securities on an overseas stock exchange. On September&#160;21,
    2006, the CSRC published a notice on its website specifying the
    documents and materials that SPVs are required to submit when
    seeking CSRC approval for their listings outside of China. The
    interpretation and application of the new regulations remain
    unclear, and there can be no assurance that this transaction
    does not require approval from the CSRC, and if it does, how
    long it will take it to obtain the approval. If CSRC approval is
    required for this transaction, the failure to obtain or the
    delay in obtaining the CSRC approval for this transaction would
    subject ID Cayman or SearchMedia to sanctions imposed by the
    CSRC and other PRC regulatory agencies. These sanctions could
    include fines and penalties on SearchMedia&#146;s operations in
    China, restriction or limitation on its ability to pay dividend
    outside of China, and other forms of sanctions that may cause a
    material and adverse effect on ID Cayman&#146;s business,
    results of operations and financial conditions.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    SearchMedia&#146;s PRC legal counsel, Commerce&#160;&#038;
    Finance Law Offices, has advised it that, based on their
    understanding of the current PRC laws, regulations and rules:
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="4%"></TD>
    <TD width="2%"></TD>
    <TD width="94%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    the CSRC currently has not issued any definitive rule or
    interpretation concerning whether transactions such as the one
    contemplated in this proxy statement/prospectus are subject to
    CSRC approval procedures;
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    despite the above, prior approval from CSRC is not required
    under the new regulations for this transaction, unless
    SearchMedia or ID Cayman is clearly required to do so by
    subsequent rules of the CSRC, because (i)&#160;none of ID
    Cayman, SearchMedia, Jieli Consulting or Jieli Network has
    acquired any equity or assets of a PRC domestic company and
    (ii)&#160;Jieli Consulting has entered into contractual
    arrangements with Jingli Shanghai and its shareholders, as
    current PRC laws and regulations require foreign investors in
    advertising businesses to meet certain qualifications, and
    SearchMedia currently does not operate a foreign-invested
    enterprise which is approved by competent PRC authorities to
    engage in advertising businesses.
</TD>
</TR>

</TABLE>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    There is still uncertainty as to how the M&#038;A Regulations
    will be interpreted or implemented. If the CSRC or another PRC
    regulatory agency subsequently determines that CSRC approval was
    required for this transaction, SearchMedia or ID Cayman may need
    to apply for a remedial approval from the CSRC and may be
    subject to certain administrative punishments or other sanctions
    from these regulatory agencies. There can be no assurance that
    new rules and regulations or relevant interpretations will not
    be issued which may require that SearchMedia or ID Cayman obtain
    retroactive approval from the CSRC in connection with this
    transaction. If this were to occur, SearchMedia&#146;s or ID
    Cayman&#146;s failure to obtain or the delay in obtaining the
    CSRC approval for this transaction would subject SearchMedia to
    sanctions imposed by the CSRC and other PRC regulatory agencies.
    These sanctions could include fines and penalties on its
    operations in China, restriction or limitation on the ability to
    pay dividend outside of China, and other forms of sanctions that
    may cause a material and adverse effect on their business,
    results of operations or financial condition.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    The new regulations also established additional procedures and
    requirements that are expected to make merger and acquisition
    activities in China by foreign investors more time-consuming and
    complex, including requirements in some instances that the
    Ministry of Commerce be notified in advance of any
    change-of-control transaction in which a foreign investor takes
    control of a PRC domestic enterprise, or that the approval from
    the Ministry of Commerce be obtained in circumstances where
    overseas companies established or controlled by PRC enterprises
    or residents acquire affiliated domestic companies. Complying
    with the requirements of the new regulations to complete such
    transactions could be time-consuming, and any required approval
    processes, including Ministry of Commerce approval, may delay or
    inhibit ID Cayman&#146;s ability to complete such transactions,
    which could affect its ability to expand its business or
    maintain its market share.
</DIV>

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<DIV align="left" style="margin-left: 2%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><I><FONT style="font-family: 'Times New Roman', Times">Any
    health epidemics and other outbreaks, or war, acts of terrorism
    and other man-made or natural disasters could severely disrupt
    SearchMedia&#146;s business operations.</FONT></I></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    SearchMedia&#146;s business could be materially and adversely
    affected by the outbreak of avian influenza, H1N1 Flu, severe
    acute respiratory syndrome, or SARS, or another epidemic. In
    recent years, there have been reports on the occurrences of
    avian influenza and H1N1 Flu in various parts of China,
    including a few confirmed human cases and deaths. Any prolonged
    recurrence of avian influenza, H1N1 Flu, SARS or other adverse
    public health developments in China could require the temporary
    closure of SearchMedia&#146;s offices or prevent its staff from
    traveling to its clients&#146; offices to sell its services or
    provide on site services. Such closures could severely disrupt
    its business operations and adversely affect its results of
    operations.
</DIV>


<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    SearchMedia&#146;s operations are vulnerable to interruption and
    damage from natural and other types of disasters, including
    snowstorms, earthquakes, fire, floods, environmental accidents,
    power loss, communications failures and similar events. If any
    disaster were to occur in the future, SearchMedia&#146;s ability
    to operate its business could be materially impaired.
</DIV>

<A name='143'>
<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">Risks
    Relating to the Redomestication and the Business
    Combination</FONT></B>
</DIV>
</A>
<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 2%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><I><FONT style="font-family: 'Times New Roman', Times">The
    combined company&#146;s working capital will be substantially
    reduced by stockholders who exercise their conversion rights, by
    expenses incurred and payments made in connection with the
    transaction, and to the extent that Ideation or its affiliates
    execute contracts to acquire shares of Ideation common stock to
    be settled out of proceeds from the trust account in connection
    with attempts to procure the requisite stockholder vote in favor
    of the Business Combination Proposal. This could result in the
    combined company being substantially undercapitalized upon
    consummation of the business combination.</FONT></I></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Pursuant to Ideation&#146;s current Amended and Restated
    Certificate of Incorporation, holders of IPO Shares may vote
    against the business combination and demand that Ideation
    convert their IPO Shares into their <I>pro rata </I>portion of
    the funds available in the trust account as of the record date.
    If the Charter Amendment Proposal is approved, then holders of
    IPO Shares that vote either for or against the business
    combination may demand that Ideation convert their IPO Shares
    into their <I>pro rata </I>portion of the funds available in the
    trust account on the record date. To the extent the business
    combination is consummated and holders of IPO Shares convert
    those shares to cash, there will be a corresponding reduction in
    the amount of funds available in the trust account to the
    combined company following the business combination. As of the
    record date, assuming both the charter amendment and the
    business combination are approved, the maximum amount of funds
    that could be disbursed to Ideation stockholders upon the
    exercise of their conversion rights is $78,815,000. The Charter
    Amendment Proposal, by permitting even those holders of IPO
    shares which vote in favor of the business combination to elect
    to convert their shares, will likely result in the working
    capital of the combined companies being substantially less than
    what would have been the case had conversion rights remained
    limited to those holders of IPO Shares who vote against the
    business combination. Moreover, substantial expenses incurred
    and other payments required to be made in connection with the
    transaction will likely further substantially and materially
    reduce the working capital of the combined companies. For
    example, the company&#146;s working capital will further be
    reduced by additional payments at or shortly after the closing
    of the business combination, including: (i)&#160;the payment in
    cash of $5&#160;million of the principal amount outstanding
    under the promissory note issued to Linden Ventures, plus all
    accrued and unpaid interest on this promissory note, in
    accordance with the share exchange agreement, (ii)&#160;the
    payment in cash of all accrued and unpaid interest on certain
    other SM Cayman promissory notes, in accordance with the share
    exchange agreement, (iii)&#160;the payment of a deferred
    underwriting fee in the amount of $2.73&#160;million, and
    (iv)&#160;the payment of other transaction costs incurred by
    Ideation and SearchMedia of approximately $12.2&#160;million as
    of the date of this proxy statement/prospectus in connection
    with the redomestication and business combination transactions,
    including accounting, legal, consulting and advisory fees and
    expenses incurred with respect to printing, filing, and mailing
    of the proxy statement/prospectus. As a result of these
    payments, there is a significant risk that the net amount of
    cash from the trust account may not provide sufficient working
    capital for the combined company&#146;s business.
</DIV>

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<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 2%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><I><FONT style="font-family: 'Times New Roman', Times">In the
    event that the Charter Amendment Proposal is approved and the
    business combination is completed, stockholders who do not
    exercise their conversion rights could hold shares in a company
    that has very few public stockholders, and the ability to buy
    and sell shares of the combined company&#146;s common stock in
    the future could be significantly impaired.</FONT></I></B>
</DIV>



<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    If the charter amendment is approved, then holders of IPO shares
    that vote either for or against the business combination may
    demand that Ideation convert their IPO Shares into their <I>pro
    rata </I>portion of funds available in the trust account on the
    record date. We anticipate that a significant number of holders
    of IPO Shares will elect to convert their IPO Shares to cash. As
    a result, after completion of the business combination, the
    combined company may have very few public stockholders. This
    could result in a significant impairment in a stockholder&#146;s
    ability to buy and sell shares in the open market. In addition,
    failure to meet the minimum number of holders requirement for
    continued listing could result in the NYSE Amex delisting the
    combined company&#146;s securities from quotation on its
    exchange, which could further adversely impact a
    stockholder&#146;s ability to buy and sell shares.
</DIV>


<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 2%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><I><FONT style="font-family: 'Times New Roman', Times">Ideation
    or its affiliates may enter into contracts to acquire Ideation
    common stock from existing investors in an attempt to procure
    the requisite stockholder vote in favor of the Business
    Combination Proposal, which could further deplete the funds
    available to Ideation in the trust account.</FONT></I></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Ideation or its affiliates, to the extent permitted by law, may
    enter into contracts to acquire Ideation shares of common stock
    in the future either in the open market or from existing
    institutional and other investors in privately negotiated
    transactions in connection with attempting to procure the
    requisite stockholders vote in favor of the business combination
    proposal. Such purchases will be paid for out of the proceeds of
    the trust account, resulting in a corresponding reduction in the
    amount of funds available in the trust account to the combined
    company following the business combination. The amount of this
    reduction will depend on the number of Ideation shares so
    purchased, and accordingly, the exact amount of the potential
    reduction of the trust account cannot be presently estimated.
    However, assuming that the Charter Amendment Proposal is
    approved and holders of IPO Shares proposal exercise their
    conversion rights, the disbursement of funds to satisfy such
    conversion rights, combined with the settlement of contracts to
    purchase shares of Ideation common stock entered into prior to
    the closing of the business combination by Ideation or its
    affiliates, could significantly exhaust the trust account.
</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 2%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><I><FONT style="font-family: 'Times New Roman', Times">Following
    the consummation of the redomestication, Ideation will become a
    Cayman Islands company and, because the rights of shareholders
    under Cayman Islands law differ from those under U.S. law, you
    may have fewer protections as a shareholder.</FONT></I></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Following the consummation of the redomestication, the resulting
    company&#146;s corporate affairs will be governed by its
    Memorandum and Articles of Association, and subject at all times
    to the Companies (Amendment) Law, 2009 of the Cayman Islands, or
    the Companies Law. The rights of shareholders to take action
    against the directors, actions by minority shareholders and the
    fiduciary responsibility of the directors under Cayman Islands
    law are governed by common law principles derived from cases in
    the Cayman Islands and other commonwealth and common law
    countries. The rights of shareholders and the fiduciary
    responsibilities of directors under Cayman Islands law differ
    somewhat from those established under statutes or judicial
    precedent in some jurisdictions in the United States. Also, the
    Cayman Islands has a less developed body of securities law
    compared to the United States and less developed or judicially
    interpreted bodies of corporate law compared to many U.S.
    states, including Delaware. For these reasons, the
    redomestication could result in fewer shareholder rights and
    protections than those to which you are currently entitled.
</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 2%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><I><FONT style="font-family: 'Times New Roman', Times">As a
    foreign private issuer, ID Cayman will be exempt from certain
    SEC requirements that provide stockholders with protections and
    information that must be made available to stockholders of U.S.
    public companies.</FONT></I></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Based on currently available information, ID Cayman expects that
    it will become a foreign private issuer upon the consummation of
    the business combination, which would reduce the reporting
    requirements under the Exchange Act, resulting in fewer costs
    associated with financial and reporting compliance. For example,
    as
</DIV>

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    <BR>
    56
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<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    a foreign private issuer ID Cayman will be exempt from certain
    provisions applicable to U.S.&#160;public companies, including:
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="4%"></TD>
    <TD width="2%"></TD>
    <TD width="94%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    the rules requiring the filing with the SEC of quarterly reports
    on
    <FONT style="white-space: nowrap">Form&#160;10-Q</FONT>
    or current reports on
    <FONT style="white-space: nowrap">Form&#160;8-K;</FONT>
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    the sections of the Exchange Act regulating the solicitation of
    proxies, consents or authorizations with respect to a security
    registered under the Exchange Act;
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    provisions of Regulation&#160;FD aimed at preventing issuers
    from making selective disclosures of material non-public
    information;&#160;and
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    the sections of the Exchange Act requiring insiders to file
    public reports of their stock ownership and trading activities
    and establishing insider liability for profits realized from any
    &#147;short swing&#148; trading transactions, or a purchase and
    sale, or a sale and purchase, of the issuer&#146;s equity
    securities within less than six months.
</TD>
</TR>

</TABLE>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    As a foreign private issuer, ID Cayman will file an annual
    report on
    <FONT style="white-space: nowrap">Form&#160;20-F</FONT>
    within six months of the close of fiscal years 2009 and 2010,
    and within four months of each fiscal year beginning with fiscal
    year 2011, and reports on
    <FONT style="white-space: nowrap">Form&#160;6-K</FONT>
    relating to certain material events promptly after ID Cayman
    publicly announces these events. However, because of the
    foregoing filing exemptions, ID Cayman&#146;s shareholders will
    not be afforded the same protections or information generally
    available to investors holding shares in public companies
    organized in the United States, such as Ideation.
</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 2%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><I><FONT style="font-family: 'Times New Roman', Times">Activities
    taken by Ideation or its affiliates, existing Ideation
    stockholders or others to increase the likelihood of approval of
    the Business Combination Proposal and other proposals could have
    an adverse impact on the trading price of Ideation&#146;s common
    stock.</FONT></I></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Ideation may seek to purchase, or enter into contracts to
    purchase, shares of Ideation common stock either in the open
    market or in privately negotiated transactions. Any such
    purchases and contracts would be effected pursuant to a 10b(5)-1
    plan or at a time when Ideation, its initial stockholders or
    their affiliates are not aware of material nonpublic information
    regarding Ideation or its securities. Such purchases could
    involve the incurrence of indebtedness by Ideation, payment of
    significant fees or interest payments or the issuance of any
    additional Ideation securities. Any purchases other than
    ordinary course purchases require the prior approval of the SM
    Cayman shareholders&#146; representatives, which approval may
    not be unreasonably withheld or delayed. If such approval is
    unreasonably withheld or delayed under certain circumstances,
    the obligation of The Frost Group, LLC to make sponsor purchases
    (discussed below) will terminate. A condition to the closing of
    such contracts will be that all shares purchased would be voted
    in favor of the business combination. These purchases or
    arrangements could result in an expenditure of a substantial
    amount of funds in the trust account.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Commencing on April&#160;1, 2009 and continuing until no later
    than 4:30&#160;p.m.&#160;Eastern standard time on the day that
    is two business days before the special meeting of Ideation
    stockholders, The Frost Group, LLC, through itself, its
    affiliates or others, will purchase or enter into forward
    contracts to purchase shares of Ideation common stock in the
    open market or in privately negotiated transactions in an amount
    up to the Sponsor Purchase Commitment Amount. Such purchases
    will be conducted in compliance with the Securities Act, the
    Exchange Act, and any other applicable law. Entering into any
    such arrangements may have an adverse impact on the trading
    price of Ideation&#146;s common stock.
</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 2%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><I><FONT style="font-family: 'Times New Roman', Times">Purchasers
    of IPO Shares who do not convert their shares into cash could
    assert a claim to rescind their purchase or assert a claim for
    damages against Ideation.</FONT></I></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Because Ideation is now taking action to amend Section&#160;D of
    Article Sixth of the Amended and Restated Certificate of
    Incorporation and extend conversion rights to holders of IPO
    Shares who vote either for or against the business combination,
    each purchaser of IPO Shares or warrants issued in the IPO could
    assert federal or state securities law claims against Ideation
    for rescission, if such purchaser still holds the securities, or
    damages, if such purchaser no longer holds the securities.
</DIV>

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    <BR>
    57
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<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Any claims for rescission or damages may not be finally
    adjudicated by the time the business combination is completed,
    and such claims would not be extinguished by consummation of the
    business combination. Ideation cannot predict whether any
    stockholders will bring claims for rescission or damages, how
    many stockholders might bring such claims or the extent to which
    such claims might be successful. Moreover, to the extent such
    litigation is brought against Ideation, the trust account or the
    trustee, Ideation
    <FONT style="white-space: nowrap">and/or</FONT> the
    trustee may be enjoined from making distributions from the trust
    account pending the resolution of that litigation, which would
    result in the delay of any payments to stockholders of trust
    account funds upon conversion or liquidation.
</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 2%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><I><FONT style="font-family: 'Times New Roman', Times">If
    certain financial objectives are achieved, the SearchMedia
    shareholders will be entitled to receive additional shares of ID
    Cayman as contingent consideration for the acquisition of their
    SearchMedia shares, which would result in dilution and might
    have an adverse effect on the market price of ID Cayman&#146;s
    ordinary shares.</FONT></I></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Under the share exchange agreement, the SearchMedia shareholders
    are entitled to receive additional ordinary shares of ID Cayman
    if certain financial targets are achieved. If the additional
    shares are earned, the number of ordinary shares outstanding
    will significantly increase. The issuance of the additional
    shares will have a dilutive effect on the ordinary shares
    already outstanding and may cause a reduction in the trading
    price of the ordinary shares in the public market.
</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 2%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><I><FONT style="font-family: 'Times New Roman', Times">Registration
    rights held by Ideation&#146;s initial stockholders who
    purchased shares prior to Ideation&#146;s IPO and registration
    rights held by the SearchMedia shareholders with respect to the
    Ideation shares received in the business combination may have an
    adverse effect on the market price of ID Cayman&#146;s ordinary
    shares.</FONT></I></B>
</DIV>


<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Ideation&#146;s initial stockholders who purchased an aggregate
    of 2,500,000&#160;shares of common stock and warrants to
    purchase an aggregate of 2,400,000&#160;shares of common stock
    prior to its IPO are entitled to demand that ID Cayman register
    the resale of their shares at any time after they are released
    from escrow. Similarly, the SearchMedia shareholders, who will
    receive a maximum of 6,662,727 ordinary shares in the business
    combination, as well as 1,519,186 warrants, are entitled to
    demand that ID Cayman register the resale of their shares. If
    such stockholders exercise their registration rights with
    respect to all of their shares, there will be additional
    ordinary shares eligible for trading in the public market. The
    presence of these additional shares may reduce the market price
    of ID Cayman&#146;s ordinary shares.
</DIV>


<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 2%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><I><FONT style="font-family: 'Times New Roman', Times">Ideation&#146;s
    directors and officers have interests in the business
    combination that differ from yours because their common stock
    may become worthless if the business combination is not
    approved.</FONT></I></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    In considering the recommendation of the Ideation board of
    directors to vote to approve the business combination, you
    should be aware that Ideation&#146;s directors, officers and
    initial stockholders have agreements or arrangements that
    provide them with interests in the business combination that may
    differ from, or are in addition to, those of Ideation
    stockholders generally, particularly the common stockholders.
    Ideation&#146;s initial stockholders, including its directors
    and officers, primarily hold common stock and warrants, which
    are not entitled to receive any of the funds that would be
    distributed upon liquidation of the trust account. If the
    business combination is not approved, these original securities
    may become worthless. In addition, Ideation&#146;s current
    directors and officers have agreed to indemnify Ideation for
    debts and obligations to vendors that are owed by Ideation to
    the extent necessary to ensure that certain liabilities do not
    reduce funds in the trust account. Additionally, under certain
    circumstances, if Ideation terminates the share exchange
    agreement, Ideation may be required to reimburse SearchMedia its
    costs and expenses up to $3,000,000; however the SearchMedia
    parties have waived their claims against the trust account with
    respect to this amount. If Ideation is liquidated due to its
    inability to complete a business combination, the directors and
    officers may be required to fulfill their indemnification
    obligations to the extent Ideation&#146;s debts and obligations
    are not satisfied by the funds available outside the trust
    account, and to the extent such debts and obligations reduce the
    trust account. Ideation&#146;s current directors and officers
    therefore have a strong incentive to consummate the business
    combination and not liquidate the trust account or render their
    securities worthless.
</DIV>

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    <BR>
    58
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<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    The personal and financial interests of directors and officers
    may have influenced their motivation in identifying and
    selecting a target business and in timely completion of a
    business combination. Consequently, their discretion in
    identifying and selecting a suitable target business may result
    in a conflict of interest when determining whether the terms,
    conditions and timing of a particular business combination are
    appropriate and in the best interests of Ideation stockholders,
    particularly the common stockholders. For a more detailed
    discussion of these interests, see &#147;Interests of Ideation
    Officers and Directors in the Business Combination.&#148;
</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 2%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><I><FONT style="font-family: 'Times New Roman', Times">Because
    ID Cayman does not intend to pay dividends on its ordinary
    shares, stockholders will benefit from an investment in ID
    Cayman&#146;s ordinary shares only if those shares appreciate in
    value.</FONT></I></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Ideation has never declared or paid any cash dividends on its
    shares of common stock. After the business combination, ID
    Cayman currently intends to retain all future earnings, if any,
    for use in the operations and expansion of the business. As a
    result, ID Cayman does not anticipate paying cash dividends in
    the foreseeable future. Any future determination as to the
    declaration and payment of cash dividends will be at the
    discretion of ID Cayman&#146;s board of directors and will
    depend on factors ID Cayman&#146;s board of directors deems
    relevant, including, among others, ID Cayman&#146;s results of
    operations, financial condition and cash requirements, business
    prospects, the terms of ID Cayman&#146;s credit facilities, if
    any, and any other financing arrangements. Accordingly,
    realization of a gain on stockholders&#146; investments will
    depend on the appreciation of the price of ID Cayman&#146;s
    ordinary shares, and there is no guarantee that ID Cayman&#146;s
    ordinary shares will appreciate in value.
</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 2%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><I><FONT style="font-family: 'Times New Roman', Times">Voting
    control by executive officers, directors and other affiliates of
    the combined company may limit your ability to influence the
    outcome of director elections and other matters requiring
    shareholder approval.</FONT></I></B>
</DIV>


<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Upon consummation of the business combination, the executive
    officers, directors and other affiliates of ID Cayman will own
    over 49% of ID Cayman&#146;s voting shares. These shareholders
    can control substantially all matters requiring approval by ID
    Cayman&#146;s shareholders, including the election of directors
    and the approval of other business transactions. This
    concentration of ownership could have the effect of delaying or
    preventing a change in control of ID Cayman or discouraging a
    potential acquirer from attempting to obtain control of ID
    Cayman, which in turn could have a material adverse effect on
    the market price of ordinary shares or prevent its shareholders
    from realizing a premium over the market price for their
    ordinary shares. This concentration of ownership could be
    exacerbated by the purchase by The Frost Group, LLC or its
    affiliates of additional shares of Ideation&#146;s shares of
    common stock prior to closing and the conversion of a
    substantial number of IPO Shares into cash.
</DIV>


<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 2%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><I><FONT style="font-family: 'Times New Roman', Times">The
    NYSE Amex may delist our securities from quotation on its
    exchange, which could limit investors&#146; ability to make
    transactions in our securities and subject us to additional
    trading restrictions.</FONT></I></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Ideation&#146;s securities are listed on the NYSE Amex, a
    national securities exchange. After the redomestication and
    business combination, ID Cayman intends to re-apply to NYSE Amex
    in order to maintain its listing. It is unclear whether ID
    Cayman will meet the minimum number of holders requirement for
    continued listing on the NYSE Amex and as a result, NYSE Amex
    may delist our securities from quotation on its exchange, which
    could limit investors&#146; ability to make transactions in our
    securities.
</DIV>


<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    In addition, on February&#160;10, 2009, Ideation received a
    letter from the NYSE Amex, indicating that it was not in
    compliance with Section&#160;704 of NYSE Amex&#146;s Company
    Guide, for failure to hold an annual meeting of its stockholders
    in 2008. The notification from the NYSE Amex indicates that
    Ideation had until March&#160;10, 2009 to submit a plan advising
    the NYSE Amex of action it has taken, or will take, that would
    bring Ideation into compliance with Section&#160;704 by
    August&#160;11, 2009. Ideation timely filed its plan with the
    NYSE Amex on March&#160;10, 2009, and the NYSE Amex has accepted
    its plan. Ideation did not come into compliance with
    Section&#160;704 by August&#160;11, 2009. On August&#160;27,
    2009, Ideation received another letter from NYSE Amex,
    requesting that Ideation provide a second letter indicating how
    and when Ideation expected to comply with Section&#160;704 of
    the NYSE Amex&#146;s Company Guide. By letter dated
    September&#160;8, 2009, Ideation advised NYSE Amex that it
    expected to hold a special meeting of stockholders to vote upon
    the business combination by October&#160;31, 2009. NYSE Amex has
    not yet responded to this letter as of the date hereof.
</DIV>


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    <BR>
    59
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<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    If the NYSE Amex delists Ideation&#146;s securities from trading
    on its exchange, Ideation could face significant material
    adverse consequences, including:
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="4%"></TD>
    <TD width="2%"></TD>
    <TD width="94%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    a limited availability of market quotations for its securities;
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    a reduced liquidity with respect to its securities;
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    a determination that its common stock is a &#147;penny
    stock&#148; which will require brokers trading in its common
    stock to adhere to more stringent rules, possibly resulting in a
    reduced level of trading activity in the secondary trading
    market for its common stock;
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    a limited amount of news and analyst coverage for the
    company;&#160;and
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    a decreased ability to issue additional securities or obtain
    additional financing in the future.
</TD>
</TR>

</TABLE>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 2%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><I><FONT style="font-family: 'Times New Roman', Times">There
    is a risk that ID Cayman could be treated as a U.S. domestic
    corporation for U.S. federal income tax purposes after the
    conversion and business combination, which could result in
    significantly greater U.S. federal income tax liability to ID
    Cayman.</FONT></I></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Section&#160;7874(b) of the Code generally provides that a
    corporation organized outside the United States which acquires,
    directly or indirectly, pursuant to a plan or series of related
    transactions substantially all of the assets of a corporation
    organized in the United States will be treated as a domestic
    corporation for U.S.&#160;federal income tax purposes if
    shareholders of the acquired corporation, by reason of owning
    shares of the acquired corporation, own at least 80% (of either
    the voting power or the value) of the stock of the acquiring
    corporation after the acquisition. If Section&#160;7874(b) were
    to apply to the conversion, then ID Cayman, as the surviving
    entity, would be subject to U.S.&#160;federal income tax on its
    worldwide taxable income following the conversion and business
    combination as if ID Cayman were a domestic corporation.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Although we do not expect this 80% threshold to be met, on the
    date of this proxy statement/prospectus, the relative ownership
    percentages of the former shareholders of ID Arizona and of the
    former shareholders of SM Cayman after consummation of the
    transactions contemplated hereby are not known. In addition, the
    shares underlying any warrants or options issued to former ID
    Arizona shareholders, warrantholders, or optionholders would
    count as shares owned by former ID Arizona shareholders for
    purposes of applying the 80% test to the extent such warrants or
    options represent a claim on the equity of ID Cayman. Although
    Section&#160;7874(b) should not apply to treat ID Cayman as a
    domestic corporation for U.S.&#160;federal income tax purposes
    if this 80% threshold is not reached, due to the absence of full
    guidance on how the rules of Section&#160;7874(b) will apply to
    the transactions contemplated by the conversion and business
    combination, this result is not entirely free from doubt. As a
    result, stockholders and warrantholders are urged to consult
    their own tax advisors on this issue. The immediately following
    two risk factors assume that ID Cayman will be treated as a
    foreign corporation for U.S.&#160;federal income tax purposes.
</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 2%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><I><FONT style="font-family: 'Times New Roman', Times">ID
    Arizona would recognize gain (but not loss) for U.S. federal
    income tax purposes as a result of the conversion, which would
    result in increased U.S. federal income tax liability to ID
    Arizona.</FONT></I></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    As a result of the conversion, ID Arizona would recognize gain
    (but not loss) for U.S.&#160;federal income tax purposes equal
    to the excess, if any, of the fair market value of each of its
    assets over such asset&#146;s adjusted tax basis at the
    effective time of the conversion. Since any such gain will be
    determined based on the value of its assets at that time, the
    amount of such gain (and any U.S.&#160;federal income tax
    liability to ID Arizona by reason of such gain) cannot be
    determined at this time. In order to provide an estimation of
    the amount of any gain, Ideation would need to determine the
    fair market value of each of its assets as of the effective time
    of the conversion. Ideation has not performed such an analysis
    and will not be able to do so until after the effective time of
    the conversion. Stockholders and warrantholders are urged to
    consult their own tax advisors on this tax issue and other tax
    issues in connection with the conversion.
</DIV>

<P align="center" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <BR>
    60
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<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->

<DIV align="left" style="margin-left: 2%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><I><FONT style="font-family: 'Times New Roman', Times">There
    is a risk that ID Cayman will be classified as a passive foreign
    investment company, or PFIC, which could result in adverse U.S.
    federal income tax consequences to U.S. holders of ordinary
    shares or warrants of ID Cayman.</FONT></I></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    ID Cayman will be treated as a PFIC for any taxable year in
    which either (1)&#160;at least 75% of its gross income (looking
    through certain corporate subsidiaries) is passive income or
    (2)&#160;at least 50% of the average value of its assets
    (looking through certain corporate subsidiaries) produce, or are
    held for the production of, passive income. Passive income
    generally includes dividends, interest, rents, royalties, and
    gains from the disposition of passive assets. If ID Cayman were
    a PFIC for any taxable year during which a U.S.&#160;Holder, as
    defined in the section titled &#147;Material United States
    Federal Income Tax Considerations&#160;&#151; General,&#148;
    held its ordinary shares or warrants, the U.S.&#160;Holder may
    be subject to increased U.S.&#160;federal income tax liability
    and may be subject to additional reporting requirements.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Based on the expected composition of the assets and income of ID
    Cayman and its subsidiaries after the conversion and business
    combination, it is not anticipated that ID Cayman will be
    treated as a PFIC following the conversion and business
    combination. The actual PFIC status of ID Cayman for any taxable
    year, however, will not be determinable until the conclusion of
    its taxable year, and accordingly there can be no assurance as
    to the status of ID Cayman as a PFIC for the current taxable
    year or any future taxable year. See the discussion titled
    &#147;Material United States Federal Income Tax
    Considerations&#160;&#151; Tax Consequences to U.S.&#160;Holders
    of Shares and Warrants of ID Cayman&#160;&#151; Passive Foreign
    Investment Company Rules.&#148; U.S.&#160;holders of
    Ideation&#146;s securities are urged to consult their own tax
    advisors regarding the possible application of the PFIC rules.
</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 2%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><I><FONT style="font-family: 'Times New Roman', Times">If you
    acquire (directly, indirectly, or constructively) 10% or more of
    ID Cayman&#146;s shares, you may be subject to taxation under
    the &#147;controlled foreign corporation,&#148; or CFC
    rules.</FONT></I></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Each &#147;10% U.S.&#160;Shareholder&#148; of a foreign
    corporation that is a CFC for an uninterrupted period of
    30&#160;days or more during a taxable year, and that owns shares
    in the CFC directly or indirectly through foreign entities on
    the last day of the CFC&#146;s taxable year, must include in its
    gross income for U.S.&#160;federal income tax purposes its pro
    rata share of the CFC&#146;s &#147;subpart F income,&#148; even
    if the subpart F income is not distributed. A foreign
    corporation is considered a CFC if &#147;10%
    U.S.&#160;Shareholders&#148; own more than 50% of the total
    combined voting power of all classes of voting stock of the
    foreign corporation, or the total value of all stock of the
    corporation. A &#147;10% U.S.&#160;Shareholder&#148; is a
    U.S.&#160;person, as defined in the Internal Revenue Code, that
    owns at least 10% of the total combined voting power of all
    classes of stock entitled to vote of the foreign corporation.
    For purposes of determining whether a corporation is a CFC, and
    therefore whether the more-than-50% and 10% ownership tests have
    been satisfied, shares owned includes shares owned directly or
    indirectly through foreign entities or shares considered owned
    under constructive ownership rules. The attribution rules are
    complicated and depend on the particular facts relating to each
    investor. See &#147;Material United States Federal Income Tax
    Considerations&#160;&#151; Tax Consequences to U.S.&#160;Holders
    of Shares and Warrants of ID Cayman&#160;&#151; Controlled
    Foreign Corporation Rules.&#148; U.S.&#160;Holders are urged to
    consult their own tax advisors regarding the possible
    application of the CFC rules.
</DIV>
<A name='144'>
<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">Risks
    Relating to Ideation Stockholders and Warrantholders</FONT></B>
</DIV>
</A>
<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 2%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><I><FONT style="font-family: 'Times New Roman', Times">ID
    Cayman may choose to redeem its outstanding warrants at a time
    that is disadvantageous to the warrantholders, preventing such
    holders from realizing the potential economic value of their
    warrants.</FONT></I></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Subject to there being a current prospectus under the Securities
    Act, ID Cayman may redeem all of the currently outstanding
    warrants at any time after they become exercisable at a price of
    $0.01 per warrant, upon a minimum of 30&#160;days prior written
    notice of redemption, if and only if, the last sale price of ID
    Cayman&#146;s ordinary shares equals or exceeds $11.50 per share
    for any 20 trading days within a
    <FONT style="white-space: nowrap">30-trading-day</FONT>
    period ending three business days before ID Cayman sends the
    notice of redemption. Calling all of such warrants for
    redemption could force the warrantholders to:
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="4%"></TD>
    <TD width="2%"></TD>
    <TD width="94%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    exercise the warrants and pay the exercise price for such
    warrants at a time when it may be disadvantageous for the
    holders to do so;
</TD>
</TR>

</TABLE>

<P align="center" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <BR>
    61
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<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="4%"></TD>
    <TD width="2%"></TD>
    <TD width="94%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    sell the warrants at the then-current market price when they
    might otherwise wish to hold the warrants;&#160;or
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    accept the nominal redemption price which, at the time the
    warrants are called for redemption, is likely to be
    substantially less than the market value of the warrants.
</TD>
</TR>

</TABLE>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 2%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><I><FONT style="font-family: 'Times New Roman', Times">Ideation&#146;s
    warrantholders may not be able to exercise their warrants, which
    may significantly reduce their economic value and create
    liability for Ideation.</FONT></I></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Holders of the warrants that Ideation issued in its IPO and
    private placement will be able to receive shares upon exercise
    of the warrants only if:
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="4%"></TD>
    <TD width="2%"></TD>
    <TD width="94%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    a current registration statement under the Securities Act
    relating to the ordinary shares underlying the warrants is then
    effective;&#160;and
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    such shares are qualified for sale or exempt from qualification
    under the applicable securities laws of the states in which the
    various holders of warrants reside.
</TD>
</TR>

</TABLE>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Although Ideation has agreed to use its best efforts to maintain
    a current registration statement covering the shares underlying
    the warrants to the extent required by federal securities laws,
    which obligation ID Cayman will assume pursuant to the share
    exchange agreement, ID Cayman cannot assure that it will be able
    to do so. In addition, some states may not permit ID Cayman to
    register the shares issuable upon exercise of its warrants for
    sale. The value of the warrants will be greatly reduced if a
    registration statement covering the shares issuable upon the
    exercise of the warrants is not kept current or if the
    securities are not qualified, or exempt from qualification, in
    the states in which the holders of warrants reside. In
    connection with Ideation&#146;s IPO, Ideation agreed to qualify
    for sale the common stock underlying its warrants in each state
    in which the units issued in the IPO were initially offered.
    However it did not agree to qualify such securities in any other
    state.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    ID Cayman believes that the holders of warrants who reside in
    California, Colorado, Florida, Illinois, Louisiana, New Jersey,
    New York, Ohio, Pennsylvania and Texas will be able to exercise
    their warrants freely. Additionally, holders of warrants who
    reside in Connecticut, Georgia, Maryland, Missouri and North
    Carolina will be able to exercise their warrants, provided that
    ID Cayman does not pay any commission or other remuneration
    (other than a standby commission) directly or indirectly for
    soliciting any security holder in the respective state. Holders
    of warrants who reside in jurisdictions in which the shares
    underlying the warrants are not qualified and in which there is
    no exemption will be unable to exercise their warrants and would
    either have to sell their warrants in the open market or allow
    them to expire unexercised, which could result in the filing of
    claims against and other losses for Ideation.
</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 2%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><I><FONT style="font-family: 'Times New Roman', Times">If
    holders representing 30% or more of the shares of
    Ideation&#146;s common stock decide both to vote against the
    business combination and to convert their IPO Shares into cash,
    Ideation may be forced to dissolve and liquidate, stockholders
    may receive less than their pro rata share of the funds
    available in the trust account, and Ideation&#146;s common stock
    and warrants would expire and become worthless.</FONT></I></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    If Ideation does not complete a business combination by
    November&#160;19, 2009, Ideation will dissolve and distribute to
    the holders of IPO Shares their <I>pro rata </I>portion of the
    funds available in the trust account with any remaining net
    assets distributed to the holders of IPO Shares. Following
    dissolution, Ideation would no longer exist as a corporation.
    Under the terms of Ideation&#146;s Amended and Restated
    Certificate of Incorporation, if holders representing 30% or
    more of IPO Shares both vote against the acquisition and convert
    their IPO Shares into cash, Ideation would ultimately be forced
    to dissolve and liquidate.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    In any liquidation, the net proceeds of Ideation&#146;s IPO and
    private placement and the deferred underwriting compensation
    held in the trust account, plus any interest earned thereon (net
    of taxes payable), less the portion of such interest previously
    paid to Ideation, will be distributed on a <I>pro rata </I>basis
    to the holders of IPO Shares. Based on the conversion price per
    share in Ideation&#146;s trust account as of June&#160;30, 2009,
    the per-share liquidation price is expected to be $7.8815. The
    proceeds deposited in the trust account could, however, become
    subject to the claims of Ideation&#146;s creditors which could
    be prior to the claims of Ideation
</DIV>

<P align="center" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <BR>
    62
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<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    stockholders. Further, under certain circumstances, if the share
    exchange agreement is terminated by Ideation, Ideation may be
    required to reimburse SearchMedia its costs and expenses up to
    $3,000,000; however, the SearchMedia parties have waived their
    claims against the trust account with respect to this amount.
    Ideation cannot assure you that the actual per share liquidation
    price will not be less than $7.8815, due to claims of creditors.
    Furthermore, in the event of a dissolution, there will be no
    distribution with respect to Ideation&#146;s outstanding
    warrants and, accordingly, the warrants would expire without any
    value.
</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 2%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><I><FONT style="font-family: 'Times New Roman', Times">Current
    difficult conditions in the global financial markets and the
    economy generally may materially and adversely affect
    Ideation&#146;s ability to consummate a business combination and
    may adversely affect its business operations and trading price
    in the event it does consummate a business
    combination.</FONT></I></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Ideation&#146;s ability to consummate a business combination may
    be materially affected by conditions in the global financial
    markets and the economy generally, both in the U.S.&#160;and
    elsewhere around the world. The stress experienced by global
    financial markets that began in the second half of 2007
    continued and substantially increased during the second half of
    2008 and beginning of 2009. The volatility and disruption in the
    global financial markets have reached unprecedented levels. The
    availability and cost of credit has been materially affected.
    These factors, combined with volatile oil prices, depressed home
    prices and increasing foreclosures, falling equity market
    values, rising unemployment, declining business and consumer
    confidence and the risk of increased inflation, have
    precipitated what may be a severe recession. Ideation does not
    expect that the difficult conditions in the financial markets
    are likely to improve in the near future. A worsening of these
    conditions would likely exacerbate the adverse effects of these
    difficult market conditions on Ideation.
</DIV>

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    <BR>
    63
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<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->
<A name='145'>
<DIV style="margin-top: 18pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">SPECIAL
    NOTE&#160;REGARDING FORWARD-LOOKING STATEMENTS</FONT></B>
</DIV>
</A>
<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Certain statements in this proxy statement/prospectus, other
    than purely historical information, including estimates,
    projections, statements relating to our business plans,
    objectives and expected operating results, and the assumptions
    upon which those statements are based, are &#147;forward-looking
    statements&#148; within the meaning of the Private Securities
    Litigation Reform Act of 1995, Section&#160;27A of the
    Securities Act and Section&#160;21E of the Exchange Act.
    Forward-looking statements are based on current expectations and
    assumptions that are subject to risks and uncertainties, which
    may cause actual results to differ materially from the
    forward-looking statements. A detailed discussion of risks and
    uncertainties that could cause actual results and events to
    differ materially from such forward-looking statements is
    included in our filings with the Securities and Exchange
    Commission. We undertake no obligation to update or revise
    publicly any forward-looking statements, whether as a result of
    new information, future events, or otherwise.
</DIV>

<DIV style="margin-top: 3pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    The parties may not actually achieve the plans, intentions or
    expectations disclosed in the forward-looking statements, and
    you should not place undue reliance on the forward-looking
    statements. Actual results or events could differ materially
    from the plans, intentions and expectations disclosed in the
    forward-looking statements made by the parties. The parties to
    this proxy statement/prospectus have included important factors
    in the cautionary statements included in this proxy
    statement/prospectus, particularly in the &#147;Risk
    Factors&#148; section, that the parties believe could cause
    actual results or events to differ materially from the
    forward-looking statements made by the parties, including, among
    others:
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="4%"></TD>
    <TD width="2%"></TD>
    <TD width="94%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    the number and percentage of Ideation stockholders electing to
    convert their shares into cash upon completion of the business
    combination;
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    legislation or regulatory environments, requirements or changes
    adversely affecting the business in which SearchMedia is engaged;
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    continued compliance with government regulations;
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    fluctuations in customer demand;
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    management of rapid growth;
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    intensity of competition from other out-of-home advertising
    companies;
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    the time to develop and market new services and products;
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    outcomes of government reviews, inquiries, investigations and
    related litigation;
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    general economic conditions;
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    recent market events and conditions, including disruptions in
    credit and other financial markets and the deterioration of
    U.S.&#160;and global economic conditions;
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    geopolitical events;&#160;and
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    changing principles of generally accepted accounting principles.
</TD>
</TR>

</TABLE>

<DIV style="margin-top: 3pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    This proxy statement/prospectus contains estimates, projections
    and statistical data, including those from the Nielsen report
    and ZenithOptimedia. These estimates, projections and data were
    relevant as of the date they were published in the relevant
    reports; they are based on presumptions and samples and are not
    representations of fact. The Nielsen report was prepared
    primarily as a marketing research tool for certain industry
    segments and not intended as a basis for evaluating investments
    in SearchMedia.
</DIV>

<DIV style="margin-top: 3pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Further, the forward-looking statements do not reflect the
    potential impact of any future acquisitions, mergers,
    dispositions, joint ventures, collaborations, dividends or
    investments made by the parties.
</DIV>

<DIV style="margin-top: 3pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    You should read this proxy statement/prospectus, including all
    annexes to this proxy statement/prospectus, as well as the
    documents filed as exhibits to the registration statement of
    which this proxy statement/prospectus is a part, completely and
    with the understanding that actual future results may be
    materially different from what the parties expect. None of ID
    Cayman, SearchMedia and Ideation assumes any obligation to
    update any forward-looking statements.
</DIV>

<P align="center" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <BR>
    64
</DIV><!-- END PAGE WIDTH -->
<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>

<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->
<A name='146'>
<DIV style="margin-top: 18pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">SELECTED
    SUMMARY HISTORICAL FINANCIAL INFORMATION</FONT></B>
</DIV>
</A>
<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    The following table summarizes the relevant financial data for
    Ideation&#146;s business and should be read with Ideation&#146;s
    financial statements included in this document. Ideation has not
    had any significant operations to date, so only balance sheet
    data is presented.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<TABLE border="0" width="100%" align="center" cellpadding="0" cellspacing="0" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
<!-- Table Width Row BEGIN -->
<TR style="font-size: 1pt" valign="bottom">
    <TD width="87%">&nbsp;</TD>	<!-- colindex=01 type=maindata -->
    <TD width="2%">&nbsp;</TD>	<!-- colindex=02 type=gutter -->
    <TD width="1%" align="right">&nbsp;</TD>	<!-- colindex=02 type=lead -->
    <TD width="9%" align="right">&nbsp;</TD>	<!-- colindex=02 type=body -->
    <TD width="1%" align="left">&nbsp;</TD>	<!-- colindex=02 type=hang1 -->
</TR>
<!-- Table Width Row END -->
<TR style="font-size: 8pt" valign="bottom" align="center">
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B><U>December&#160;31,<BR>
    </U></B>
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom" align="center">
<TD nowrap align="left" valign="bottom">
<DIV style="border-bottom: 1px solid #000000; width: 1%; padding-bottom: 1px">
    <B><U>Balance Sheet Data:</U></B>
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    <B><U>2008</U></B>
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR style="line-height: 3pt; font-size: 1pt">
<TD>&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Working capital
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    89,346
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Total assets
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    79,852,731
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Total liabilities
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    3,237,626
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Value of common stock which may be redeemed for cash ($7.88 per
    share)
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    23,639,992
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Stockholders&#146; equity
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    52,975,113
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
</TABLE>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">

</DIV>
<A name='147'>
<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">SearchMedia
    and Predecessors Selected Historical Financial Data</FONT></B>
</DIV>
</A>
<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    The following table sets forth the selected historical financial
    data for SearchMedia as of December&#160;31, 2007 and for the
    period from February&#160;9, 2007 (inception) to
    December&#160;31, 2007 and as of December&#160;31, 2008 and for
    the year ended December&#160;31, 2008, and the selected
    historical financial data for its predecessor, Sige, as of
    December&#160;31, 2005 and 2006, and for the period from
    June&#160;8, 2005 (inception) to December&#160;31, 2005, for the
    year ended December&#160;31, 2006 and for the period from
    January&#160;1, 2007 through June&#160;3, 2007, and the selected
    historical financial data for its predecessor, Dale, as of
    December&#160;31, 2005 and 2006, and for the period from
    April&#160;28, 2005 (inception) to December&#160;31, 2005, for
    the year ended December&#160;31, 2006 and for the period from
    January&#160;1, 2007 through June&#160;3, 2007. The selected
    historical financial data of SearchMedia as of December&#160;31,
    2007 and 2008, and for the period from February&#160;9, 2007
    (inception) to December&#160;31, 2007 and the year ended
    December&#160;31, 2008 has been derived from SearchMedia&#146;s
    audited consolidated financial statements as of
    December&#160;31, 2007 and 2008 and for the period from
    February&#160;9, 2007 (inception) to December&#160;31, 2007 and
    the year ended December&#160;31, 2008. The selected historical
    financial data of Sige as of December&#160;31, 2006 and for the
    year ended December&#160;31, 2006 and the period from
    January&#160;1, 2007 through June&#160;3, 2007 has been derived
    from Sige&#146;s audited financial statements as of
    December&#160;31, 2006 and June&#160;3, 2007, and for the year
    ended December&#160;31, 2006 and the period from January&#160;1,
    2007 through June&#160;3, 2007. The selected historical
    financial data of Dale as of December&#160;31, 2006 and for the
    year ended December&#160;31, 2006 and the period from
    January&#160;1, 2007 through June&#160;3, 2007 has been derived
    from Dale&#146;s audited financial statements as of
    December&#160;31, 2006 and June&#160;3, 2007, and for the year
    ended December&#160;31, 2006 and the period from January&#160;1,
    2007 through June&#160;3, 2007. The above audited financial
    statements are included elsewhere in this proxy
    statement/prospectus, and the selected historical financial data
    should be read together with those financial statements
    including the notes thereto, and together with
    SearchMedia&#146;s &#147;Management&#146;s Discussion and
    Analysis of Financial Condition and Results of Operations&#148;
    appearing elsewhere in this proxy statement/prospectus. The
    selected historical financial data of Sige as of
    December&#160;31, 2005 and for the period from June&#160;8, 2005
    (inception) to December&#160;31, 2005 has been derived from
    Sige&#146;s unaudited financial statements as of
    December&#160;31, 2005 and for the period from June&#160;8, 2005
    (inception) to December&#160;31, 2005 not included in this proxy
    statement/prospectus. The selected historical financial data of
    Dale as of December&#160;31, 2005 and for the period from
    April&#160;28, 2005 (inception) to December&#160;31, 2005 has
    been derived from Dale&#146;s unaudited financial statements as
    of December&#160;31, 2005 and for the period from April&#160;28,
    2005 (inception) to December&#160;31, 2005 not included in this
    proxy statement/prospectus. The unaudited financial information
    includes all adjustments, consisting only of normal and
    recurring adjustments that SearchMedia considers necessary for a
    fair presentation of its financial position and operating
    results for the period presented. SearchMedia&#146;s
    consolidated financial statements are prepared in accordance
    with generally accepted accounting principles in the United
    States of America and SearchMedia uses the U.S.&#160;dollar as
    its reporting currency.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    In SearchMedia&#146;s consolidated financial statements, the
    assets and liabilities of Sige and Dale were adjusted to their
    fair value upon initial consolidation. The resulting fair value
    adjustment and recognition and
</DIV>

<P align="center" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <BR>
    65
</DIV><!-- END PAGE WIDTH -->
<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>

<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    amortization of intangible assets caused incomparability of the
    predecessor&#146;s results of operations to those of SearchMedia.
</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">

</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<TABLE border="0" width="100%" align="center" cellpadding="0" cellspacing="0" style="font-size: 6pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
<!-- Table Width Row BEGIN -->
<TR style="font-size: 1pt" valign="bottom">
    <TD width="30%">&nbsp;</TD>	<!-- colindex=01 type=maindata -->
    <TD width="1%">&nbsp;</TD>	<!-- colindex=02 type=gutterleft -->
    <TD width="1%">&nbsp;</TD>	<!-- colindex=02 type=gutterright -->
    <TD width="1%" align="right">&nbsp;</TD>	<!-- colindex=02 type=lead -->
    <TD width="5%" align="right">&nbsp;</TD>	<!-- colindex=02 type=body -->
    <TD width="1%" align="left">&nbsp;</TD>	<!-- colindex=02 type=hang1 -->
    <TD width="1%">&nbsp;</TD>	<!-- colindex=03 type=gutter -->
    <TD width="1%" align="right">&nbsp;</TD>	<!-- colindex=03 type=lead -->
    <TD width="6%" align="right">&nbsp;</TD>	<!-- colindex=03 type=body -->
    <TD width="1%" align="left">&nbsp;</TD>	<!-- colindex=03 type=hang1 -->
    <TD width="1%">&nbsp;</TD>	<!-- colindex=04 type=gutter -->
    <TD width="1%" align="right">&nbsp;</TD>	<!-- colindex=04 type=lead -->
    <TD width="5%" align="right">&nbsp;</TD>	<!-- colindex=04 type=body -->
    <TD width="1%" align="left">&nbsp;</TD>	<!-- colindex=04 type=hang1 -->
    <TD width="1%">&nbsp;</TD>	<!-- colindex=05 type=gutterleft -->
    <TD width="1%">&nbsp;</TD>	<!-- colindex=05 type=gutterright -->
    <TD width="1%" align="right">&nbsp;</TD>	<!-- colindex=05 type=lead -->
    <TD width="5%" align="right">&nbsp;</TD>	<!-- colindex=05 type=body -->
    <TD width="1%" align="left">&nbsp;</TD>	<!-- colindex=05 type=hang1 -->
    <TD width="1%">&nbsp;</TD>	<!-- colindex=06 type=gutterleft -->
    <TD width="1%">&nbsp;</TD>	<!-- colindex=06 type=gutterright -->
    <TD width="1%" align="right">&nbsp;</TD>	<!-- colindex=06 type=lead -->
    <TD width="5%" align="right">&nbsp;</TD>	<!-- colindex=06 type=body -->
    <TD width="1%" align="left">&nbsp;</TD>	<!-- colindex=06 type=hang1 -->
    <TD width="1%">&nbsp;</TD>	<!-- colindex=07 type=gutter -->
    <TD width="1%" align="right">&nbsp;</TD>	<!-- colindex=07 type=lead -->
    <TD width="5%" align="right">&nbsp;</TD>	<!-- colindex=07 type=body -->
    <TD width="1%" align="left">&nbsp;</TD>	<!-- colindex=07 type=hang1 -->
    <TD width="1%">&nbsp;</TD>	<!-- colindex=08 type=gutterleft -->
    <TD width="1%">&nbsp;</TD>	<!-- colindex=08 type=gutterright -->
    <TD width="1%" align="right">&nbsp;</TD>	<!-- colindex=08 type=lead -->
    <TD width="5%" align="right">&nbsp;</TD>	<!-- colindex=08 type=body -->
    <TD width="1%" align="left">&nbsp;</TD>	<!-- colindex=08 type=hang1 -->
    <TD width="1%">&nbsp;</TD>	<!-- colindex=09 type=gutter -->
    <TD width="1%" align="right">&nbsp;</TD>	<!-- colindex=09 type=lead -->
    <TD width="6%" align="right">&nbsp;</TD>	<!-- colindex=09 type=body -->
    <TD width="1%" align="left">&nbsp;</TD>	<!-- colindex=09 type=hang1 -->
</TR>
<!-- Table Width Row END -->
<TR style="font-size: 7pt" valign="bottom" align="center">
<TD nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="24" align="center" valign="bottom">
    <B>Predecessors</B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR style="font-size: 7pt" valign="bottom" align="center">
<TD nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD colspan="10" align="center" valign="bottom" style="border-top: 1px solid #000000">
    <B>Sige</B>
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD colspan="11" align="center" valign="bottom" style="border-top: 1px solid #000000">
    <B>Dale</B>
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="6" align="center" valign="bottom">
    <B>SearchMedia</B>
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR style="font-size: 7pt" valign="bottom" align="center">
<TD nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom" style="border-top: 1px solid #000000">
    <B>June&#160;8,<BR>
    </B>
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom" style="border-top: 1px solid #000000">
    <B>January&#160;1,<BR>
    </B>
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom" style="border-top: 1px solid #000000">
    <B>January&#160;1,<BR>
    </B>
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom" style="border-top: 1px solid #000000">
    <B>April&#160;28,<BR>
    </B>
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom" style="border-top: 1px solid #000000">
    <B>January&#160;1,<BR>
    </B>
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom" style="border-top: 1px solid #000000">
    <B>January&#160;1,<BR>
    </B>
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom" style="border-top: 1px solid #000000">
    <B>February&#160;9,<BR>
    </B>
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom" style="border-top: 1px solid #000000">
    <B>January&#160;1,<BR>
    </B>
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
</TR>
<TR style="font-size: 7pt" valign="bottom" align="center">
<TD nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>2005 to<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>2006 to<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>2007 to<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>2005 to<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>2006 to<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>2007 to<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>2007 to<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>2008 to<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR style="font-size: 7pt" valign="bottom" align="center">
<TD nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>December&#160;31,<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>December&#160;31,<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>June&#160;3,<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>December&#160;31,<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>December&#160;31,<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>June&#160;3,<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>December&#160;31,<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>December&#160;31,<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR style="font-size: 7pt" valign="bottom" align="center">
<TD nowrap align="center" valign="bottom">
    &nbsp;<B> &nbsp;</B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>2005</B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>2006</B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>2007</B>
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-right: 1px solid #000000; padding-right: 2pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>2005</B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>2006</B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>2007</B>
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-right: 1px solid #000000; padding-right: 2pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>2007</B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>2008</B>
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR style="font-size: 7pt" valign="bottom" align="center">
<TD nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD colspan="10" align="center" valign="bottom" style="border-top: 1px solid #000000">
    <B>($ in thousands)</B>
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-right: 1px solid #000000; padding-right: 2pt; border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD colspan="11" align="center" valign="bottom" style="border-top: 1px solid #000000">
    <B>($ in thousands)</B>
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-right: 1px solid #000000; padding-right: 2pt; border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD colspan="6" align="center" valign="bottom" style="border-top: 1px solid #000000">
    <B>($ in thousands)</B>
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="line-height: 3pt">
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-right: 1px solid #000000; padding-right: 2pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-right: 1px solid #000000; padding-right: 2pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD align="left" valign="bottom" style="font-size: 8pt">
<DIV style="text-indent: -6pt; margin-left: 6pt">
    <B><U>Selected Income Statement Data</U></B>
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD style="border-right: 1px solid #000000; padding-right: 2pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD style="border-right: 1px solid #000000; padding-right: 2pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="line-height: 3pt">
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-right: 1px solid #000000; padding-right: 2pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-right: 1px solid #000000; padding-right: 2pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom" style="font-size: 8pt">
<DIV style="text-indent: -7pt; margin-left: 7pt">
    Advertising service revenues
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
    952
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
    1,424
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
    599
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD style="border-right: 1px solid #000000; padding-right: 2pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
    324
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
    1,104
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
    745
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD style="border-right: 1px solid #000000; padding-right: 2pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
    7,828
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
    88,637
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="line-height: 3pt">
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-right: 1px solid #000000; padding-right: 2pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-right: 1px solid #000000; padding-right: 2pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD align="left" valign="bottom" style="font-size: 8pt">
<DIV style="text-indent: -7pt; margin-left: 7pt">
    Cost of revenues(1)(2)
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
    (522
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
    )
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
    (622
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
    )
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
    (369
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
    )
</TD>
<TD style="border-right: 1px solid #000000; padding-right: 2pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
    (159
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
    )
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
    (387
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
    )
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
    (214
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
    )
</TD>
<TD style="border-right: 1px solid #000000; padding-right: 2pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
    (2,451
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
    )
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
    (46,674
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
    )
</TD>
</TR>
<TR valign="bottom" style="line-height: 3pt">
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-right: 1px solid #000000; padding-right: 2pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-right: 1px solid #000000; padding-right: 2pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
<DIV style="text-indent: -7pt; margin-left: 7pt">
    Gross profit
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
    430
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
    802
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
    230
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD style="border-right: 1px solid #000000; padding-right: 2pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
    165
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
    717
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
    531
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD style="border-right: 1px solid #000000; padding-right: 2pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
    5,377
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
    41,963
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="line-height: 3pt">
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-right: 1px solid #000000; padding-right: 2pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-right: 1px solid #000000; padding-right: 2pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
<DIV style="text-indent: -7pt; margin-left: 7pt">
    Operating expenses:
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD style="border-right: 1px solid #000000; padding-right: 2pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD style="border-right: 1px solid #000000; padding-right: 2pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="line-height: 3pt">
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-right: 1px solid #000000; padding-right: 2pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-right: 1px solid #000000; padding-right: 2pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom" style="font-size: 8pt">
<DIV style="text-indent: -6pt; margin-left: 12pt">
    Sales and marketing(1)(2)
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
    (40
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
    )
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
    (36
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
    )
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
    (25
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
    )
</TD>
<TD style="border-right: 1px solid #000000; padding-right: 2pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
    (38
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
    )
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
    (176
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
    )
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
    (105
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
    )
</TD>
<TD style="border-right: 1px solid #000000; padding-right: 2pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
    (293
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
    )
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
    (7,397
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
    )
</TD>
</TR>
<TR valign="bottom" style="line-height: 3pt">
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-right: 1px solid #000000; padding-right: 2pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-right: 1px solid #000000; padding-right: 2pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD align="left" valign="bottom" style="font-size: 8pt">
<DIV style="text-indent: -6pt; margin-left: 12pt">
    General and administrative(2)
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
    (151
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
    )
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
    (145
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
    )
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
    (129
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
    )
</TD>
<TD style="border-right: 1px solid #000000; padding-right: 2pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
    (57
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
    )
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
    (172
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
    )
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
    (140
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
    )
</TD>
<TD style="border-right: 1px solid #000000; padding-right: 2pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
    (2,555
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
    )
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
    (11,727
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
    )
</TD>
</TR>
<TR valign="bottom" style="line-height: 3pt">
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-right: 1px solid #000000; padding-right: 2pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-right: 1px solid #000000; padding-right: 2pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom" style="font-size: 8pt">
<DIV style="text-indent: -6pt; margin-left: 18pt">
    Loss on deconsolidation of variable interest entity
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD style="border-right: 1px solid #000000; padding-right: 2pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD style="border-right: 1px solid #000000; padding-right: 2pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
    (358
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
    )
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="line-height: 3pt">
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-right: 1px solid #000000; padding-right: 2pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-right: 1px solid #000000; padding-right: 2pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD align="left" valign="bottom" style="font-size: 8pt">
<DIV style="text-indent: -6pt; margin-left: 18pt">
    Total operating expenses
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
    (191
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
    )
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
    (181
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
    )
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
    (154
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
    )
</TD>
<TD style="border-right: 1px solid #000000; padding-right: 2pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
    (95
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
    )
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
    (348
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
    )
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
    (245
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
    )
</TD>
<TD style="border-right: 1px solid #000000; padding-right: 2pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
    (3,206
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
    )
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
    (19,124
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
    )
</TD>
</TR>
<TR valign="bottom" style="line-height: 3pt">
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-right: 1px solid #000000; padding-right: 2pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-right: 1px solid #000000; padding-right: 2pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom" style="font-size: 8pt">
<DIV style="text-indent: -7pt; margin-left: 7pt">
    Income from operations
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
    239
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
    621
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
    76
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD style="border-right: 1px solid #000000; padding-right: 2pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
    70
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
    369
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
    286
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD style="border-right: 1px solid #000000; padding-right: 2pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
    2,171
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
    22,839
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="line-height: 3pt">
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-right: 1px solid #000000; padding-right: 2pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-right: 1px solid #000000; padding-right: 2pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
<DIV style="text-indent: -6pt; margin-left: 12pt">
    Interest income
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD style="border-right: 1px solid #000000; padding-right: 2pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD style="border-right: 1px solid #000000; padding-right: 2pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
    5
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
    131
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="line-height: 3pt">
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-right: 1px solid #000000; padding-right: 2pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-right: 1px solid #000000; padding-right: 2pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
<DIV style="text-indent: -6pt; margin-left: 12pt">
    Interest expense
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD style="border-right: 1px solid #000000; padding-right: 2pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD style="border-right: 1px solid #000000; padding-right: 2pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
    (43
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
    )
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
    (8,922
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
    )
</TD>
</TR>
<TR valign="bottom" style="line-height: 3pt">
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-right: 1px solid #000000; padding-right: 2pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-right: 1px solid #000000; padding-right: 2pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD align="left" valign="bottom" style="font-size: 8pt">
<DIV style="text-indent: -6pt; margin-left: 12pt">
    Decrease in fair value of note warrant liability
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
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</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
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</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
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</TD>
<TD>
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</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
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</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
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</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD style="border-right: 1px solid #000000; padding-right: 2pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
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</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
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</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
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</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD style="border-right: 1px solid #000000; padding-right: 2pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
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</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
    482
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="line-height: 3pt">
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-right: 1px solid #000000; padding-right: 2pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-right: 1px solid #000000; padding-right: 2pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
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</TD>
<TD>
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</TD>
<TD>
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</TD>
<TD>
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</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom" style="font-size: 8pt">
<DIV style="text-indent: -6pt; margin-left: 12pt">
    Loss on extinguishment of the notes
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
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</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
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</TD>
<TD>
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</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
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</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
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</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
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</TD>
<TD>
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<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
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<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
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</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD style="border-right: 1px solid #000000; padding-right: 2pt">
&nbsp;
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<TD>
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<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
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</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
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</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
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<TD>
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</TD>
<TD>
&nbsp;
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<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
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<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD>
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<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
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<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
    &#151;
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<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD style="border-right: 1px solid #000000; padding-right: 2pt">
&nbsp;
</TD>
<TD>
&nbsp;
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<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
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</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
    (3,218
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
    )
</TD>
</TR>
<TR valign="bottom" style="line-height: 3pt">
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
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<TD>
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</TD>
<TD>
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</TD>
<TD>
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</TD>
<TD>
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<TD>
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<TD>
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<TD>
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<TD>
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<TD>
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<TD>
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<TD style="border-right: 1px solid #000000; padding-right: 2pt">
&nbsp;
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<TD>
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<TD>
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</TD>
<TD>
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</TD>
<TD>
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</TD>
<TD>
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</TD>
<TD>
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<TD>
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<TD>
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<TD>
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<TD style="border-right: 1px solid #000000; padding-right: 2pt">
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<TD>
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<TD>
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD align="left" valign="bottom" style="font-size: 8pt">
<DIV style="text-indent: -6pt; margin-left: 12pt">
    Foreign currency exchange loss, net
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD style="border-right: 1px solid #000000; padding-right: 2pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
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</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD>
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</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
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</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
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</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
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<TD>
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</TD>
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</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
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</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD style="border-right: 1px solid #000000; padding-right: 2pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
    (35
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
    )
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
    (167
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
    )
</TD>
</TR>
<TR valign="bottom" style="line-height: 3pt">
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
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</TD>
<TD>
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</TD>
<TD>
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</TD>
<TD>
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</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-right: 1px solid #000000; padding-right: 2pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-right: 1px solid #000000; padding-right: 2pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom" style="font-size: 8pt">
<DIV style="text-indent: -7pt; margin-left: 7pt">
    Income before income taxes
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
    239
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
    621
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
    76
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD style="border-right: 1px solid #000000; padding-right: 2pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
    70
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
    369
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
    286
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD style="border-right: 1px solid #000000; padding-right: 2pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
    2,098
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
    11,145
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="line-height: 3pt">
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
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</TD>
<TD>
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</TD>
<TD>
&nbsp;
</TD>
<TD>
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</TD>
<TD>
&nbsp;
</TD>
<TD style="border-right: 1px solid #000000; padding-right: 2pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
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</TD>
<TD>
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</TD>
<TD>
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</TD>
<TD>
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</TD>
<TD>
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</TD>
<TD>
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</TD>
<TD>
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</TD>
<TD style="border-right: 1px solid #000000; padding-right: 2pt">
&nbsp;
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<TD>
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</TD>
<TD>
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</TD>
<TD>
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</TD>
<TD>
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<TD>
&nbsp;
</TD>
<TD>
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</TD>
<TD>
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</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD align="left" valign="bottom" style="font-size: 8pt">
<DIV style="text-indent: -6pt; margin-left: 12pt">
    Income taxes expenses
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
    (1
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
    )
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
    (15
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
    )
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
    (21
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
    )
</TD>
<TD style="border-right: 1px solid #000000; padding-right: 2pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
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</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
    (36
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
    )
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
    (43
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
    )
</TD>
<TD style="border-right: 1px solid #000000; padding-right: 2pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
    (850
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
    )
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
    (6,802
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
    )
</TD>
</TR>
<TR valign="bottom" style="line-height: 3pt">
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-right: 1px solid #000000; padding-right: 2pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-right: 1px solid #000000; padding-right: 2pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom" style="font-size: 8pt">
<DIV style="text-indent: -6pt; margin-left: 12pt">
    Net income (loss)
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
    238
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
    606
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
    55
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD style="border-right: 1px solid #000000; padding-right: 2pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
    70
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
    333
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
    243
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD style="border-right: 1px solid #000000; padding-right: 2pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
    1,248
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
    4,343
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
</TR>
</TABLE>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">

</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<TABLE border="0" width="100%" align="center" cellpadding="0" cellspacing="0" style="font-size: 6pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
<!-- Table Width Row BEGIN -->
<TR style="font-size: 1pt" valign="bottom">
    <TD width="30%">&nbsp;</TD>	<!-- colindex=01 type=maindata -->
    <TD width="1%">&nbsp;</TD>	<!-- colindex=02 type=gutterleft -->
    <TD width="1%">&nbsp;</TD>	<!-- colindex=02 type=gutterright -->
    <TD width="1%" align="right">&nbsp;</TD>	<!-- colindex=02 type=lead -->
    <TD width="5%" align="right">&nbsp;</TD>	<!-- colindex=02 type=body -->
    <TD width="1%" align="left">&nbsp;</TD>	<!-- colindex=02 type=hang1 -->
    <TD width="1%">&nbsp;</TD>	<!-- colindex=03 type=gutter -->
    <TD width="1%" align="right">&nbsp;</TD>	<!-- colindex=03 type=lead -->
    <TD width="6%" align="right">&nbsp;</TD>	<!-- colindex=03 type=body -->
    <TD width="1%" align="left">&nbsp;</TD>	<!-- colindex=03 type=hang1 -->
    <TD width="1%">&nbsp;</TD>	<!-- colindex=04 type=gutter -->
    <TD width="1%" align="right">&nbsp;</TD>	<!-- colindex=04 type=lead -->
    <TD width="5%" align="right">&nbsp;</TD>	<!-- colindex=04 type=body -->
    <TD width="1%" align="left">&nbsp;</TD>	<!-- colindex=04 type=hang1 -->
    <TD width="1%">&nbsp;</TD>	<!-- colindex=05 type=gutterleft -->
    <TD width="1%">&nbsp;</TD>	<!-- colindex=05 type=gutterright -->
    <TD width="1%" align="right">&nbsp;</TD>	<!-- colindex=05 type=lead -->
    <TD width="5%" align="right">&nbsp;</TD>	<!-- colindex=05 type=body -->
    <TD width="1%" align="left">&nbsp;</TD>	<!-- colindex=05 type=hang1 -->
    <TD width="1%">&nbsp;</TD>	<!-- colindex=06 type=gutterleft -->
    <TD width="1%">&nbsp;</TD>	<!-- colindex=06 type=gutterright -->
    <TD width="1%" align="right">&nbsp;</TD>	<!-- colindex=06 type=lead -->
    <TD width="5%" align="right">&nbsp;</TD>	<!-- colindex=06 type=body -->
    <TD width="1%" align="left">&nbsp;</TD>	<!-- colindex=06 type=hang1 -->
    <TD width="1%">&nbsp;</TD>	<!-- colindex=07 type=gutter -->
    <TD width="1%" align="right">&nbsp;</TD>	<!-- colindex=07 type=lead -->
    <TD width="5%" align="right">&nbsp;</TD>	<!-- colindex=07 type=body -->
    <TD width="1%" align="left">&nbsp;</TD>	<!-- colindex=07 type=hang1 -->
    <TD width="1%">&nbsp;</TD>	<!-- colindex=08 type=gutterleft -->
    <TD width="1%">&nbsp;</TD>	<!-- colindex=08 type=gutterright -->
    <TD width="1%" align="right">&nbsp;</TD>	<!-- colindex=08 type=lead -->
    <TD width="5%" align="right">&nbsp;</TD>	<!-- colindex=08 type=body -->
    <TD width="1%" align="left">&nbsp;</TD>	<!-- colindex=08 type=hang1 -->
    <TD width="1%">&nbsp;</TD>	<!-- colindex=09 type=gutter -->
    <TD width="1%" align="right">&nbsp;</TD>	<!-- colindex=09 type=lead -->
    <TD width="6%" align="right">&nbsp;</TD>	<!-- colindex=09 type=body -->
    <TD width="1%" align="left">&nbsp;</TD>	<!-- colindex=09 type=hang1 -->
</TR>
<!-- Table Width Row END -->
<TR style="font-size: 7pt" valign="bottom" align="center">
<TD nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="24" align="center" valign="bottom">
    <B>Predecessors</B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR style="font-size: 7pt" valign="bottom" align="center">
<TD nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD colspan="10" align="center" valign="bottom" style="border-top: 1px solid #000000">
    <B>Sige</B>
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD colspan="11" align="center" valign="bottom" style="border-top: 1px solid #000000">
    <B>Dale</B>
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="6" align="center" valign="bottom">
    <B>SearchMedia</B>
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR style="font-size: 7pt" valign="bottom" align="center">
<TD nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom" style="border-top: 1px solid #000000">
    <B>June&#160;8,<BR>
    </B>
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom" style="border-top: 1px solid #000000">
    <B>January&#160;1,<BR>
    </B>
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom" style="border-top: 1px solid #000000">
    <B>January&#160;1,<BR>
    </B>
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom" style="border-top: 1px solid #000000">
    <B>April&#160;28,<BR>
    </B>
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom" style="border-top: 1px solid #000000">
    <B>January&#160;1,<BR>
    </B>
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom" style="border-top: 1px solid #000000">
    <B>January&#160;1,<BR>
    </B>
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom" style="border-top: 1px solid #000000">
    <B>February&#160;9,<BR>
    </B>
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom" style="border-top: 1px solid #000000">
    <B>January&#160;1,<BR>
    </B>
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
</TR>
<TR style="font-size: 7pt" valign="bottom" align="center">
<TD nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>2005 to<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>2006 to<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>2007 to<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>2005 to<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>2006 to<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>2007 to<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>2007 to<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>2008 to<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR style="font-size: 7pt" valign="bottom" align="center">
<TD nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>December&#160;31,<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>December&#160;31,<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>June&#160;3,<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>December&#160;31,<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>December&#160;31,<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>June&#160;3,<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>December&#160;31,<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>December&#160;31,<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR style="font-size: 7pt" valign="bottom" align="center">
<TD nowrap align="center" valign="bottom">
    &nbsp;<B> &nbsp;</B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>2005</B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>2006</B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>2007</B>
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-right: 1px solid #000000; padding-right: 2pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>2005</B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>2006</B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>2007</B>
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-right: 1px solid #000000; padding-right: 2pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>2007</B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>2008</B>
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR style="font-size: 7pt" valign="bottom" align="center">
<TD nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD colspan="10" align="center" valign="bottom" style="border-top: 1px solid #000000">
    <B>($ in thousands)</B>
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-right: 1px solid #000000; padding-right: 2pt; border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD colspan="11" align="center" valign="bottom" style="border-top: 1px solid #000000">
    <B>($ in thousands)</B>
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-right: 1px solid #000000; padding-right: 2pt; border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD colspan="6" align="center" valign="bottom" style="border-top: 1px solid #000000">
    <B>($ in thousands)</B>
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="line-height: 3pt">
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-right: 1px solid #000000; padding-right: 2pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-right: 1px solid #000000; padding-right: 2pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD align="left" valign="bottom" style="font-size: 8pt">
<DIV style="text-indent: -6pt; margin-left: 6pt">
    (1) Include amortization expenses of intangibles as follows
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD style="border-right: 1px solid #000000; padding-right: 2pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD style="border-right: 1px solid #000000; padding-right: 2pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
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&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
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<TR valign="bottom" style="line-height: 3pt">
<TD>
&nbsp;
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<TD>
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</TD>
<TD>
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</TD>
<TD>
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</TD>
<TD>
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</TD>
<TD>
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</TD>
<TD>
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</TD>
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<TD>
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<TD>
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</TD>
<TD style="border-right: 1px solid #000000; padding-right: 2pt">
&nbsp;
</TD>
<TD>
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</TD>
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</TD>
<TD>
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</TD>
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</TD>
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</TD>
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</TD>
<TD>
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</TD>
<TD>
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</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom" style="font-size: 8pt">
<DIV style="text-indent: -6pt; margin-left: 12pt">
    Cost of revenues
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
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</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
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</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
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</TD>
<TD>
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</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
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</TD>
<TD>
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</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
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</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD style="border-right: 1px solid #000000; padding-right: 2pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
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&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
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</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD>
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</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
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</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
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</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD style="border-right: 1px solid #000000; padding-right: 2pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
    132
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
    1,756
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="line-height: 3pt">
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
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</TD>
<TD>
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<TD>
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</TD>
<TD>
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</TD>
<TD>
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<TD>
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</TD>
<TD style="border-right: 1px solid #000000; padding-right: 2pt">
&nbsp;
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<TD>
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</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
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</TD>
<TD>
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</TD>
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<TD>
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</TD>
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</TD>
<TD>
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</TD>
<TD>
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&nbsp;
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<TD>
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</TD>
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<TD>
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</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD align="left" valign="bottom" style="font-size: 8pt">
<DIV style="text-indent: -6pt; margin-left: 12pt">
    Sales and marketing
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
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</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
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<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
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<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
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<TD style="border-right: 1px solid #000000; padding-right: 2pt">
&nbsp;
</TD>
<TD>
&nbsp;
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<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
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<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
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<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD style="border-right: 1px solid #000000; padding-right: 2pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
    86
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
    1,709
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="line-height: 3pt">
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
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</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
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</TD>
<TD>
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</TD>
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<TD style="border-right: 1px solid #000000; padding-right: 2pt">
&nbsp;
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</TD>
<TD>
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</TD>
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</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom" style="font-size: 8pt">
<DIV style="text-indent: -7pt; margin-left: 7pt">
    (2) Include share-based compensation expenses as follows
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
&nbsp;
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&nbsp;
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&nbsp;
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&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD style="border-right: 1px solid #000000; padding-right: 2pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
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<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
&nbsp;
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&nbsp;
</TD>
<TD>
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</TD>
<TD>
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<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
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<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD>
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</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD style="border-right: 1px solid #000000; padding-right: 2pt">
&nbsp;
</TD>
<TD>
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<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD>
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</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
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<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
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<TR valign="bottom" style="line-height: 3pt">
<TD>
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<TD>
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</TD>
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</TD>
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<TD>
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD align="left" valign="bottom" style="font-size: 8pt">
<DIV style="text-indent: -6pt; margin-left: 12pt">
    Cost of revenues
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
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</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD>
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</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
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<TD>
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</TD>
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&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
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</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD style="border-right: 1px solid #000000; padding-right: 2pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
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</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD>
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</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
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</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
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<TD>
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</TD>
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&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
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</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD style="border-right: 1px solid #000000; padding-right: 2pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
    56
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="line-height: 3pt">
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-right: 1px solid #000000; padding-right: 2pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
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</TD>
<TD>
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</TD>
<TD>
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</TD>
<TD>
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<TD>
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<TD>
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<TD style="border-right: 1px solid #000000; padding-right: 2pt">
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<TD>
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<TD>
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<TD>
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<TD>
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</TD>
<TD>
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</TD>
<TD>
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</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom" style="font-size: 8pt">
<DIV style="text-indent: -6pt; margin-left: 12pt">
    Sales and marketing
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
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</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
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</TD>
<TD>
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</TD>
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</TD>
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</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
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<TD>
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</TD>
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&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
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</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
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</TD>
<TD style="border-right: 1px solid #000000; padding-right: 2pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
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</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
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</TD>
<TD>
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</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD style="border-right: 1px solid #000000; padding-right: 2pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
    68
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="line-height: 3pt">
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-right: 1px solid #000000; padding-right: 2pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-right: 1px solid #000000; padding-right: 2pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD align="left" valign="bottom" style="font-size: 8pt">
<DIV style="text-indent: -6pt; margin-left: 12pt">
    General and administrative
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD style="border-right: 1px solid #000000; padding-right: 2pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD style="border-right: 1px solid #000000; padding-right: 2pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
    2,230
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
</TR>
</TABLE>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">

</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<TABLE border="0" width="100%" align="center" cellpadding="0" cellspacing="0" style="font-size: 6pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
<!-- Table Width Row BEGIN -->
<TR style="font-size: 1pt" valign="bottom">
    <TD width="46%">&nbsp;</TD>	<!-- colindex=01 type=maindata -->
    <TD width="1%">&nbsp;</TD>	<!-- colindex=02 type=gutter -->
    <TD width="1%" align="right">&nbsp;</TD>	<!-- colindex=02 type=lead -->
    <TD width="6%" align="right">&nbsp;</TD>	<!-- colindex=02 type=body -->
    <TD width="1%" align="left">&nbsp;</TD>	<!-- colindex=02 type=hang1 -->
    <TD width="1%">&nbsp;</TD>	<!-- colindex=03 type=gutter -->
    <TD width="1%" align="right">&nbsp;</TD>	<!-- colindex=03 type=lead -->
    <TD width="6%" align="right">&nbsp;</TD>	<!-- colindex=03 type=body -->
    <TD width="1%" align="left">&nbsp;</TD>	<!-- colindex=03 type=hang1 -->
    <TD width="1%">&nbsp;</TD>	<!-- colindex=04 type=gutterleft -->
    <TD width="1%">&nbsp;</TD>	<!-- colindex=04 type=gutterright -->
    <TD width="1%" align="right">&nbsp;</TD>	<!-- colindex=04 type=lead -->
    <TD width="5%" align="right">&nbsp;</TD>	<!-- colindex=04 type=body -->
    <TD width="1%" align="left">&nbsp;</TD>	<!-- colindex=04 type=hang1 -->
    <TD width="1%">&nbsp;</TD>	<!-- colindex=05 type=gutter -->
    <TD width="1%" align="right">&nbsp;</TD>	<!-- colindex=05 type=lead -->
    <TD width="6%" align="right">&nbsp;</TD>	<!-- colindex=05 type=body -->
    <TD width="1%" align="left">&nbsp;</TD>	<!-- colindex=05 type=hang1 -->
    <TD width="1%">&nbsp;</TD>	<!-- colindex=06 type=gutterleft -->
    <TD width="1%">&nbsp;</TD>	<!-- colindex=06 type=gutterright -->
    <TD width="1%" align="right">&nbsp;</TD>	<!-- colindex=06 type=lead -->
    <TD width="5%" align="right">&nbsp;</TD>	<!-- colindex=06 type=body -->
    <TD width="1%" align="left">&nbsp;</TD>	<!-- colindex=06 type=hang1 -->
    <TD width="1%">&nbsp;</TD>	<!-- colindex=07 type=gutter -->
    <TD width="1%" align="right">&nbsp;</TD>	<!-- colindex=07 type=lead -->
    <TD width="6%" align="right">&nbsp;</TD>	<!-- colindex=07 type=body -->
    <TD width="1%" align="left">&nbsp;</TD>	<!-- colindex=07 type=hang1 -->
</TR>
<!-- Table Width Row END -->
<TR style="font-size: 7pt" valign="bottom" align="center">
<TD nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="15" align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    <B>Predecessors</B>
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-right: 1px solid #000000; padding-right: 2pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR style="font-size: 7pt" valign="bottom" align="center">
<TD nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="6" align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    <B>Sige</B>
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-right: 1px solid #000000; padding-right: 2pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="6" align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    <B>Dale</B>
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-right: 1px solid #000000; padding-right: 2pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="6" align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    <B>SearchMedia</B>
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR style="font-size: 7pt" valign="bottom" align="center">
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>As of<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>As of<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-right: 1px solid #000000; padding-right: 2pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>As of<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>As of<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-right: 1px solid #000000; padding-right: 2pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>As of<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>As of<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR style="font-size: 7pt" valign="bottom" align="center">
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>December&#160;31,<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>December&#160;31,<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-right: 1px solid #000000; padding-right: 2pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>December&#160;31,<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>December&#160;31,<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-right: 1px solid #000000; padding-right: 2pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>December&#160;31,<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>December&#160;31,<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR style="font-size: 7pt" valign="bottom" align="center">
<TD nowrap align="left" valign="bottom">
<DIV style="border-bottom: 1px solid #000000; width: 1%; padding-bottom: 1px">
    <B>Selected Balance Sheet Data</B>
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
<DIV style="border-bottom: 1px solid #000000; width: 1%; padding-bottom: 1px">
    <B>2005</B>
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
<DIV style="border-bottom: 1px solid #000000; width: 1%; padding-bottom: 1px">
    <B>2006</B>
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-right: 1px solid #000000; padding-right: 2pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
<DIV style="border-bottom: 1px solid #000000; width: 1%; padding-bottom: 1px">
    <B>2005</B>
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
<DIV style="border-bottom: 1px solid #000000; width: 1%; padding-bottom: 1px">
    <B>2006</B>
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-right: 1px solid #000000; padding-right: 2pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    <B>2007</B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    <B>2008</B>
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR style="font-size: 7pt" valign="bottom" align="center">
<TD nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="6" align="center" valign="bottom">
    <B>($ in thousands)</B>
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-right: 1px solid #000000; padding-right: 2pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="6" align="center" valign="bottom">
    <B>($ in thousands)</B>
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-right: 1px solid #000000; padding-right: 2pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="6" align="center" valign="bottom">
    <B>($ in thousands)</B>
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="line-height: 3pt">
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-right: 1px solid #000000; padding-right: 2pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-right: 1px solid #000000; padding-right: 2pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
<DIV style="text-indent: -6pt; margin-left: 6pt">
    Current assets
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
    336
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
    88
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD style="border-right: 1px solid #000000; padding-right: 2pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
    346
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
    570
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD style="border-right: 1px solid #000000; padding-right: 2pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
    16,862
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
    66,740
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="line-height: 3pt">
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-right: 1px solid #000000; padding-right: 2pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-right: 1px solid #000000; padding-right: 2pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
<DIV style="text-indent: -7pt; margin-left: 7pt">
    Total assets
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
    361
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
    108
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD style="border-right: 1px solid #000000; padding-right: 2pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
    353
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
    582
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD style="border-right: 1px solid #000000; padding-right: 2pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
    24,235
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
    111,776
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="line-height: 3pt">
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-right: 1px solid #000000; padding-right: 2pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-right: 1px solid #000000; padding-right: 2pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
<DIV style="text-indent: -7pt; margin-left: 7pt">
    Current liabilities
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
    408
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
    248
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD style="border-right: 1px solid #000000; padding-right: 2pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
    218
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
    330
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD style="border-right: 1px solid #000000; padding-right: 2pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
    5,173
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
    67,783
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="line-height: 3pt">
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-right: 1px solid #000000; padding-right: 2pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-right: 1px solid #000000; padding-right: 2pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom" style="font-size: 8pt">
<DIV style="text-indent: -7pt; margin-left: 7pt">
    Series&#160;B redeemable convertible preferred shares
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD style="border-right: 1px solid #000000; padding-right: 2pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
    &#151;&#151;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD style="border-right: 1px solid #000000; padding-right: 2pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
    19,734
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
    24,906
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="line-height: 3pt">
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-right: 1px solid #000000; padding-right: 2pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-right: 1px solid #000000; padding-right: 2pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD align="left" valign="bottom" style="font-size: 8pt">
<DIV style="text-indent: -7pt; margin-left: 7pt">
    Series&#160;C redeemable convertible preferred shares
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD style="border-right: 1px solid #000000; padding-right: 2pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD style="border-right: 1px solid #000000; padding-right: 2pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
    12,918
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="line-height: 3pt">
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-right: 1px solid #000000; padding-right: 2pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-right: 1px solid #000000; padding-right: 2pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom" style="font-size: 8pt">
<DIV style="text-indent: -7pt; margin-left: 7pt">
    Total Shareholders&#146; equity/(deficit)
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
    (47
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
    )
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
    (140
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
    )
</TD>
<TD style="border-right: 1px solid #000000; padding-right: 2pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
    135
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
    252
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD style="border-right: 1px solid #000000; padding-right: 2pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
    (691
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
    )
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
    4,872
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="font-size: 1pt">
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-right: 1px solid #000000; padding-right: 2pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-right: 1px solid #000000; padding-right: 2pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
</TABLE>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">

</DIV>

<P align="center" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <BR>
    66
</DIV><!-- END PAGE WIDTH -->
<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>

<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->
<A name='148'>
<DIV style="margin-top: 18pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">UNAUDITED
    PRO FORMA COMBINED FINANCIAL STATEMENTS</FONT></B>
</DIV>
</A>
<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    The following unaudited pro forma condensed financial statements
    give effect to the transactions described in share exchange
    agreement dated March&#160;31, 2009, as amended respectively on
    May&#160;27, 2009 and September&#160;8, 2009 (the
    &#147;Transaction&#148;), based on the assumptions and
    adjustments set forth in the accompanying notes.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    The unaudited pro forma condensed balance sheet as of
    June&#160;30, 2009 is derived from the historical unaudited
    balance sheets of Ideation as of June&#160;30, 2009 and
    SearchMedia as of March&#160;31, 2009, giving effect to the
    Transaction, which is being accounted for as a reverse
    recapitalization as if it had occurred on June&#160;30, 2009.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    The following unaudited pro forma condensed statement of income
    for the six months ended June&#160;30, 2009 is derived from the
    historical unaudited statement of operations of Ideation for the
    six months ended June&#160;30, 2009 and the historical unaudited
    statement of income of SearchMedia for the six months ended
    March&#160;31, 2009 giving effect to the Transaction as if it
    had occurred on January&#160;1, 2009. The following unaudited
    pro forma condensed statement of income for the fiscal year
    ended December&#160;31, 2008 is derived from the respective
    historical audited statements of income of Ideation and
    SearchMedia for the fiscal year ended December&#160;31, 2008,
    giving effect to the Transaction as if it had occurred on
    January&#160;1, 2008. The historical balance sheet for
    SearchMedia as of March&#160;31, 2009 and the historical
    statement of income of SearchMedia for the six months ended
    March&#160;31, 2009 have not been audited or reviewed by an
    independent registered public accounting firm.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    The Transaction will be accounted for as a reverse
    recapitalization because it fails to meet the criteria to be
    considered as a business combination described in Statement of
    Financial Accounting Standards (&#147;SFAS&#148;)
    No.&#160;141(R), &#147;Business Combinations&#148;
    (&#147;SFAS&#160;141R&#148;), which is effective for periods
    beginning after December&#160;15, 2008. Pursuant to
    SFAS&#160;141R, SearchMedia is considered to be the accounting
    acquirer because it will obtain control of Ideation as a result
    of the Transaction. The determination was primarily based on
    SearchMedia comprising the ongoing operations of the combined
    entity, the senior management of the combined company and
    retaining equal voting rights in the combined entity&#146;s
    board of directors. However, because Ideation, the accounting
    acquiree, does not meet the definition of a business provided in
    SFAS&#160;141R, the recognition and measurement provisions of
    SFAS&#160;141R do not apply. The share exchange transaction
    utilizes the capital structure of Ideation and the assets and
    liabilities of SearchMedia are recorded at historical cost.
    Although SearchMedia will be deemed to be the acquiring company
    for accounting and financial reporting purposes, the legal
    status of Ideation as the surviving corporation will not change.
</DIV>


<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    ID Cayman will issue 6,662,727&#160;shares of Ideation&#146;s
    common stock to exchange the outstanding ordinary and preferred
    shares of SearchMedia and issue 1,712,874&#160;shares to certain
    promissory notes holders of SearchMedia. In addition, ID Cayman
    shall issue a maximum of 10,150,352 Earn-Out Shares (as defined
    in the share exchange agreement) to the SearchMedia shareholders
    based on the combined entity&#146;s FY2009 Adjusted Net Income
    and warrantholders, will receive Earn-Out Shares if the combined
    entity&#146;s FY2009 Adjusted Net Income (as defined in the
    share exchange agreement) exceeds $25.7&#160;million. The final
    number of Earn-Out Shares to be issued is calculated in
    accordance with the formula set forth below. If FY2009 Adjusted
    Net Income equals or exceeds $38.4&#160;million, FY2009 Adjusted
    Net Income shall be deemed to be equal to $38.4&#160;million for
    purposes of such formula.
</DIV>


<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <FONT style="font-family: 'Times New Roman', Times">Earn-Out
    Shares = <U>(FY2009 Adjusted Net Income-$25.7 million)</U> x
    10,150,352&#160;Shares<BR>
    $12.7&#160;million
    </FONT>
</DIV>

<DIV style="margin-top: 3pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    The effect of the potential issuance of the Earn-Out Shares to
    SearchMedia shareholders and warrantholders is not reflected in
    these pro forma financial statements as the probability of
    achieving the aforementioned performance target could not be
    reasonably assessed.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    The following unaudited pro forma condensed financial statements
    have been prepared assuming the Transaction is approved and
    using two different levels of conversion by the Ideation
    stockholders, as follows:
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <I>Assuming Zero Conversion:</I>&#160;&#160;This presentation
    assumes that no Ideation stockholders would convert their shares
    into cash upon completion of the Transaction.
</DIV>

<P align="center" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <BR>
    67
</DIV><!-- END PAGE WIDTH -->
<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>

<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <I>Assuming Maximum Conversion:</I>&#160;&#160;This presentation
    assumes that all Ideation stockholders holding IPO Shares,
    except the Sponsor Entity and its affiliates (as defined in the
    share exchange agreement), would convert into cash the IPO
    Shares held by them upon completion of the Transaction. This
    presentation further assumes that the Sponsor Purchase
    Commitment Amount, pursuant to which The Frost Group, LLC,
    through itself, its affiliates, or others will purchase
    <FONT style="white-space: nowrap">and/or</FONT> enter
    into forward contracts to purchase shares of Ideation common
    stock in the open market or in privately negotiated transactions
    in an amount equal to the lesser of (i)&#160;an aggregate
    expenditure of $18.25&#160;million and (ii)&#160;an amount that,
    when combined with certain purchases of Ideation common stock by
    Ideation, certain warrant purchases and proxies delivered by
    Ideation stockholders not electing their conversion rights would
    result in ID Cayman having at least $18.25&#160;million in cash
    available to it immediately after the closing of the business
    combination and before payment of expenses, will be satisfied
    entirely through open market purchases before the special
    meeting.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    We are providing this information to aid you in your analysis of
    the financial aspects of the Transaction. The unaudited pro
    forma condensed financial statements described above should be
    read in conjunction with the historical financial statements of
    SearchMedia and Ideation and the related notes thereto included
    elsewhere in this proxy statement/prospectus. The unaudited pro
    forma financial information is not necessarily indicative of the
    financial position or results of operations that may have
    actually occurred had the Transaction taken place on the dates
    indicated, or the future financial position or operating results
    of the combined entity.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    The historical financial information has been adjusted to give
    pro forma effect to events that are directly attributable to the
    Transaction, are factually supportable and, in the case of the
    pro forma income statements, have a recurring impact.
</DIV>

<P align="center" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <BR>
    68
</DIV><!-- END PAGE WIDTH -->
<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>

<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->

<DIV align="center" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">Ideation
    Acquisition Corp.<BR>
    <BR>
    Unaudited Pro Forma Condensed Balance Sheet<BR>
    <U>As of June&#160;30, 2009<BR>
    </U>(US dollars in thousands)</FONT></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<TABLE border="0" width="100%" align="center" cellpadding="0" cellspacing="0" style="font-size: 9pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
<!-- Table Width Row BEGIN -->
<TR style="font-size: 1pt" valign="bottom">
    <TD width="36%">&nbsp;</TD>	<!-- colindex=01 type=maindata -->
    <TD width="1%">&nbsp;</TD>	<!-- colindex=02 type=gutter -->
    <TD width="1%" align="right">&nbsp;</TD>	<!-- colindex=02 type=lead -->
    <TD width="3%" align="right">&nbsp;</TD>	<!-- colindex=02 type=body -->
    <TD width="1%" align="left">&nbsp;</TD>	<!-- colindex=02 type=hang1 -->
    <TD width="3%">&nbsp;</TD>	<!-- colindex=03 type=gutter -->
    <TD width="1%" align="right">&nbsp;</TD>	<!-- colindex=03 type=lead -->
    <TD width="5%" align="right">&nbsp;</TD>	<!-- colindex=03 type=body -->
    <TD width="1%" align="left">&nbsp;</TD>	<!-- colindex=03 type=hang1 -->
    <TD width="3%">&nbsp;</TD>	<!-- colindex=04 type=gutter -->
    <TD width="1%" align="right">&nbsp;</TD>	<!-- colindex=04 type=lead -->
    <TD width="5%" align="right">&nbsp;</TD>	<!-- colindex=04 type=body -->
    <TD width="1%" align="left">&nbsp;</TD>	<!-- colindex=04 type=hang1 -->
    <TD width="3%">&nbsp;</TD>	<!-- colindex=05 type=gutter -->
    <TD width="1%" align="right">&nbsp;</TD>	<!-- colindex=05 type=lead -->
    <TD width="1%" align="right">&nbsp;</TD>	<!-- colindex=05 type=body -->
    <TD width="1%" align="left">&nbsp;</TD>	<!-- colindex=05 type=hang1 -->
    <TD width="3%">&nbsp;</TD>	<!-- colindex=06 type=gutter -->
    <TD width="1%" align="right">&nbsp;</TD>	<!-- colindex=06 type=lead -->
    <TD width="4%" align="right">&nbsp;</TD>	<!-- colindex=06 type=body -->
    <TD width="1%" align="left">&nbsp;</TD>	<!-- colindex=06 type=hang1 -->
    <TD width="3%">&nbsp;</TD>	<!-- colindex=07 type=gutter -->
    <TD width="1%" align="right">&nbsp;</TD>	<!-- colindex=07 type=lead -->
    <TD width="5%" align="right">&nbsp;</TD>	<!-- colindex=07 type=body -->
    <TD width="1%" align="left">&nbsp;</TD>	<!-- colindex=07 type=hang1 -->
    <TD width="3%">&nbsp;</TD>	<!-- colindex=08 type=gutter -->
    <TD width="1%" align="right">&nbsp;</TD>	<!-- colindex=08 type=lead -->
    <TD width="1%" align="right">&nbsp;</TD>	<!-- colindex=08 type=body -->
    <TD width="1%" align="left">&nbsp;</TD>	<!-- colindex=08 type=hang1 -->
    <TD width="3%">&nbsp;</TD>	<!-- colindex=09 type=gutter -->
    <TD width="1%" align="right">&nbsp;</TD>	<!-- colindex=09 type=lead -->
    <TD width="4%" align="right">&nbsp;</TD>	<!-- colindex=09 type=body -->
    <TD width="1%" align="left">&nbsp;</TD>	<!-- colindex=09 type=hang1 -->
</TR>
<!-- Table Width Row END -->
<TR style="font-size: 6pt" valign="bottom" align="center">
<TD nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>Ideation<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>SearchMedia<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR style="font-size: 6pt" valign="bottom" align="center">
<TD nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>historical<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>historical<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="10" align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    <B>Zero Conversion Assumption</B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="10" align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    <B>Maximum Conversion Assumption</B>
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR style="font-size: 6pt" valign="bottom" align="center">
<TD nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>June&#160;30,<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>March&#160;31,<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>Pro Forma<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>Pro Forma<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>Pro Forma<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>Pro Forma<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR style="font-size: 6pt" valign="bottom" align="center">
<TD nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    <B>2009</B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    <B>2009</B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    <B>Adjustments</B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    <B>Note</B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    <B>Combined</B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    <B>Adjustments</B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    <B>Note</B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    <B>Combined</B>
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR style="line-height: 3pt; font-size: 1pt">
<TD>&nbsp;
</TD>
</TR>
<TR valign="bottom" style="line-height: 9pt">
<TD colspan="33">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD colspan="33" align="center" valign="bottom" style="font-size: 8pt">
<DIV style="text-indent: -9pt; margin-left: 9pt">
    <B>Assets</B>
</DIV>
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
<DIV style="text-indent: -9pt; margin-left: 9pt">
    Current assets:
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD align="left" valign="bottom" style="font-size: 8pt">
<DIV style="text-indent: -9pt; margin-left: 27pt">
    Cash and cash equivalents
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
    96
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
    6,588
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
    78,815
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
    (a
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
    )
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
    65,551
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
    (60,565
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
    )
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
    (d1
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
    )
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
    3,459
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
    (2,730
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
    )
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
    (c2
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
    )
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
    (1,527
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
    )
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
    (d2
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
    )
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
    (12,200
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
    )
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
    (f1
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
    )
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
    (5,000
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
    )
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
    (i
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
    )
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
    (18
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
    )
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
    (g2
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
    )
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom" style="font-size: 8pt">
<DIV style="text-indent: -9pt; margin-left: 27pt">
    Accounts receivable, net
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
    52,217
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
    52,217
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
    52,217
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD align="left" valign="bottom" style="font-size: 8pt">
<DIV style="text-indent: -9pt; margin-left: 27pt">
    Amounts due from related parties
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
    8,643
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
    8,643
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
    8,643
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom" style="font-size: 8pt">
<DIV style="text-indent: -9pt; margin-left: 27pt">
    Prepaid expenses and other current assets
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
    195
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
    14,636
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
    (2,066
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
    )
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
    (f2
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
    )
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
    12,765
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
    12,765
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD align="left" valign="bottom" style="font-size: 8pt">
<DIV style="text-indent: -9pt; margin-left: 27pt">
    Deferred tax assets
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
    492
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
    492
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
    492
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom" style="font-size: 8pt">
<DIV style="text-indent: -9pt; margin-left: 9pt">
    Total current assets
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
    <B>291</B>
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
    <B>82,576</B>
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
    <B>139,668</B>
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
    <B>77,576</B>
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD align="left" valign="bottom" style="font-size: 8pt">
<DIV style="text-indent: -9pt; margin-left: 27pt">
    Other asset, cash and cash equivalents held in trust
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
    78,815
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
    (78,815
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
    )
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
    (a
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
    )
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
<DIV style="text-indent: -9pt; margin-left: 27pt">
    Rental deposits
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
    169
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
    169
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
    169
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD align="left" valign="bottom" style="font-size: 8pt">
<DIV style="text-indent: -9pt; margin-left: 27pt">
    Property and equipment, net
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
    6,921
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
    6,921
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
    6,921
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom" style="font-size: 8pt">
<DIV style="text-indent: -9pt; margin-left: 27pt">
    Deposits for acquisitions
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
    6,228
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
    6,228
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
    6,228
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD align="left" valign="bottom" style="font-size: 8pt">
<DIV style="text-indent: -9pt; margin-left: 27pt">
    Intangible assets, net
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
    4,487
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
    4,487
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
    4,487
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
<DIV style="text-indent: -9pt; margin-left: 27pt">
    Goodwill
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
    26,143
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
    26,143
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
    26,143
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD align="left" valign="bottom" style="font-size: 8pt">
<DIV style="text-indent: -9pt; margin-left: 27pt">
    Deferred tax assets
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
    387
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
    387
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
    387
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
<DIV style="text-indent: -9pt; margin-left: 9pt">
    <B>Total assets</B>
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
    <B>79,493</B>
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
    <B>126,524</B>
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
    <B>184,003</B>
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
    <B>121,911</B>
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="line-height: 9pt">
<TD colspan="33">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD colspan="33" align="center" valign="bottom" style="font-size: 8pt">
<DIV style="text-indent: -9pt; margin-left: 9pt">
    <B>Liabilities and Stockholders&#146; Equity</B>
</DIV>
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
<DIV style="text-indent: -9pt; margin-left: 9pt">
    Current liabilities:
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
<DIV style="text-indent: -9pt; margin-left: 27pt">
    Short-term borrowings
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
    5,329
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
    (3,500
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
    )
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
    (g1
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
    )
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
    1,829
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
    1,829
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
<DIV style="text-indent: -9pt; margin-left: 27pt">
    Promissory notes
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
    15,000
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
    (5,000
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
    )
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
    (i
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
    )
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
    (10,000
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
    )
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
    (b1
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
    )
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
<DIV style="text-indent: -9pt; margin-left: 27pt">
    Accounts payable
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
    13,415
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
    13,415
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
    13,415
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD align="left" valign="bottom" style="font-size: 8pt">
<DIV style="text-indent: -9pt; margin-left: 27pt">
    Accrued expenses and other payable
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
    1,537
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
    15,466
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
    (1,875
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
    )
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
    (e1
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
    )
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
    12,554
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
    12,554
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
    (1,766
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
    )
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
    (f2
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
    )
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
    (790
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
    )
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
    (f2
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
    )
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
    (18
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
    )
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
    (g2
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
    )
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD align="left" valign="bottom" style="font-size: 8pt">
<DIV style="text-indent: -9pt; margin-left: 27pt">
    Acquisition consideration payable
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
    15,156
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
    15,156
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
    15,156
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom" style="font-size: 8pt">
<DIV style="text-indent: -9pt; margin-left: 27pt">
    Amounts due to related parties
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
    737
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
    737
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
    737
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
<DIV style="text-indent: -9pt; margin-left: 27pt">
    Deferred revenue
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
    1,519
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
    1,519
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
    1,519
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom" style="font-size: 8pt">
<DIV style="text-indent: -9pt; margin-left: 27pt">
    Income taxes payable
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
    11,683
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
    11,683
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
    11,683
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD align="left" valign="bottom" style="font-size: 8pt">
<DIV style="text-indent: -9pt; margin-left: 9pt">
    <B>Total current liabilities</B>
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
    <B>1,537</B>
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
    <B>78,305</B>
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
    <B>56,893</B>
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
    <B>56,893</B>
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
<DIV style="text-indent: -9pt; margin-left: 9pt">
    Long-term liability:
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom" style="font-size: 8pt">
<DIV style="text-indent: -9pt; margin-left: 27pt">
    Deferred tax liabilities
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
    1,111
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
    1,111
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
    1,111
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD align="left" valign="bottom" style="font-size: 8pt">
<DIV style="text-indent: -9pt; margin-left: 27pt">
    Deferred underwriters&#146; fee
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
    2,730
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
    (2,730
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
    )
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
    (c2
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
    )
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
<DIV style="text-indent: -9pt; margin-left: 9pt">
    <B>Total liabilities</B>
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
    <B>4,267</B>
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
    <B>79,416</B>
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
    <B>58,004</B>
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
    <B>58,004</B>
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
</TR>
</TABLE>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">

</DIV>

<DIV style="margin-top: 3pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    See Notes to Unaudited Pro Forma Adjustments
</DIV>

<P align="center" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <BR>
    69
</DIV><!-- END PAGE WIDTH -->
<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>

<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->

<DIV align="center" style="margin-left: 0%; margin-right: 0%; font-size: 9pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">Ideation
    Acquisition Corp.<BR>
    <BR>
    Unaudited Pro Forma Condensed Balance Sheet<BR>
    <U>As of June&#160;30, 2009<BR>
    </U>(US dollars in thousands)</FONT></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<TABLE border="0" width="100%" align="center" cellpadding="0" cellspacing="0" style="font-size: 7pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
<!-- Table Width Row BEGIN -->
<TR style="font-size: 1pt" valign="bottom">
    <TD width="35%">&nbsp;</TD>	<!-- colindex=01 type=maindata -->
    <TD width="1%">&nbsp;</TD>	<!-- colindex=02 type=gutter -->
    <TD width="1%" align="right">&nbsp;</TD>	<!-- colindex=02 type=lead -->
    <TD width="4%" align="right">&nbsp;</TD>	<!-- colindex=02 type=body -->
    <TD width="1%" align="left">&nbsp;</TD>	<!-- colindex=02 type=hang1 -->
    <TD width="2%">&nbsp;</TD>	<!-- colindex=03 type=gutter -->
    <TD width="1%" align="right">&nbsp;</TD>	<!-- colindex=03 type=lead -->
    <TD width="6%" align="right">&nbsp;</TD>	<!-- colindex=03 type=body -->
    <TD width="1%" align="left">&nbsp;</TD>	<!-- colindex=03 type=hang1 -->
    <TD width="2%">&nbsp;</TD>	<!-- colindex=04 type=gutter -->
    <TD width="1%" align="right">&nbsp;</TD>	<!-- colindex=04 type=lead -->
    <TD width="6%" align="right">&nbsp;</TD>	<!-- colindex=04 type=body -->
    <TD width="1%" align="left">&nbsp;</TD>	<!-- colindex=04 type=hang1 -->
    <TD width="2%">&nbsp;</TD>	<!-- colindex=05 type=gutter -->
    <TD width="1%" align="right">&nbsp;</TD>	<!-- colindex=05 type=lead -->
    <TD width="1%" align="right">&nbsp;</TD>	<!-- colindex=05 type=body -->
    <TD width="1%" align="left">&nbsp;</TD>	<!-- colindex=05 type=hang1 -->
    <TD width="2%">&nbsp;</TD>	<!-- colindex=06 type=gutter -->
    <TD width="1%" align="right">&nbsp;</TD>	<!-- colindex=06 type=lead -->
    <TD width="5%" align="right">&nbsp;</TD>	<!-- colindex=06 type=body -->
    <TD width="1%" align="left">&nbsp;</TD>	<!-- colindex=06 type=hang1 -->
    <TD width="2%">&nbsp;</TD>	<!-- colindex=07 type=gutter -->
    <TD width="1%" align="right">&nbsp;</TD>	<!-- colindex=07 type=lead -->
    <TD width="6%" align="right">&nbsp;</TD>	<!-- colindex=07 type=body -->
    <TD width="1%" align="left">&nbsp;</TD>	<!-- colindex=07 type=hang1 -->
    <TD width="2%">&nbsp;</TD>	<!-- colindex=08 type=gutter -->
    <TD width="1%" align="right">&nbsp;</TD>	<!-- colindex=08 type=lead -->
    <TD width="1%" align="right">&nbsp;</TD>	<!-- colindex=08 type=body -->
    <TD width="1%" align="left">&nbsp;</TD>	<!-- colindex=08 type=hang1 -->
    <TD width="2%">&nbsp;</TD>	<!-- colindex=09 type=gutter -->
    <TD width="1%" align="right">&nbsp;</TD>	<!-- colindex=09 type=lead -->
    <TD width="5%" align="right">&nbsp;</TD>	<!-- colindex=09 type=body -->
    <TD width="1%" align="left">&nbsp;</TD>	<!-- colindex=09 type=hang1 -->
</TR>
<!-- Table Width Row END -->
<TR style="font-size: 7pt" valign="bottom" align="center">
<TD nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>Ideation<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>SearchMedia<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR style="font-size: 7pt" valign="bottom" align="center">
<TD nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>historical<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>historical<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="10" align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    <B>Zero Conversion Assumption</B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="10" align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    <B>Maximum Conversion Assumption</B>
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR style="font-size: 7pt" valign="bottom" align="center">
<TD nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>June&#160;30,<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>March&#160;31,<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>Pro Forma<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>Pro Forma<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>Pro Forma<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>Pro Forma<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR style="font-size: 7pt" valign="bottom" align="center">
<TD nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    <B>2009</B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    <B>2009</B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    <B>Adjustments</B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    <B>Note</B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    <B>Combined</B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    <B>Adjustments</B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    <B>Note</B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    <B>Combined</B>
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR style="line-height: 3pt; font-size: 1pt">
<TD>&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD align="left" valign="bottom" style="font-size: 8pt">
<DIV style="text-indent: -7pt; margin-left: 7pt">
    Redeemable common stock
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom" style="font-size: 8pt">
<DIV style="text-indent: -8pt; margin-left: 8pt">
    Ideation&#160;&#151; Common stock subject to possible redemption
    (2,999,999&#160;shares at June&#160;30, 2009 at redemption value
    of $7.88 per share)
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
    23,640
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
    (23,640
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
    )
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
    (c1
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
    )
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD align="left" valign="bottom" style="font-size: 8pt">
<DIV style="text-indent: -8pt; margin-left: 8pt">
    SearchMedia&#160;&#151; Series&#160;B redeemable convertible
    preferred shares; US$0.0001&#160;par value;
    36,363,635&#160;shares authorized, issued and outstanding as of
    March&#160;31, 2009, respectively (Redemption value US$32,364)
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
    26,398
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
    (26,398
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
    )
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
    (b1
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
    )
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom" style="font-size: 8pt">
<DIV style="text-indent: -8pt; margin-left: 8pt">
    Series&#160;C redeemable convertible preferred shares;
    US$0.0001&#160;par value; 40,000,000&#160;shares authorized,
    4,845,276&#160;shares issued and outstanding as of
    March&#160;31, 2009 (Redemption value US$13,975)
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
    13,705
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
    (13,705
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
    )
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
    (b1
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
    )
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD align="left" valign="bottom" style="font-size: 8pt">
<DIV style="text-indent: -8pt; margin-left: 8pt">
    Commitments and contingencies
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
<DIV style="text-indent: -8pt; margin-left: 8pt">
    Stockholders&#146; equity:
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD align="left" valign="bottom" style="font-size: 8pt">
<DIV style="text-indent: -8pt; margin-left: 8pt">
    Ideation&#160;&#151; Preferred Stock, $0.0001&#160;par value,
    1,000,000&#160;shares authorized; none issued and outstanding at
    June&#160;30, 2009
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom" style="font-size: 8pt">
<DIV style="text-indent: -8pt; margin-left: 8pt">
    Ideation&#160;&#151; Common Stock, $0.0001&#160;par value,
    50,000,000&#160;shares authorized, 12,500,000&#160;shares issued
    and outstanding including 2,999,999&#160;shares subject to
    possible redemption, at June&#160;30, 2009
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
    1
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
    (1
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
    )
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
    (b3
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
    )
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD align="left" valign="bottom" style="font-size: 8pt">
<DIV style="text-indent: -8pt; margin-left: 8pt">
    SearchMedia&#160;&#151; Series&#160;A convertible preferred
    shares; US$0.0001&#160;par value; 20,000,000&#160;shares
    authorized, 10,000,000&#160;shares issued and outstanding as of
    March&#160;31, 2009
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
    722
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
    (722
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
    )
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
    (b1
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
    )
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom" style="font-size: 8pt">
<DIV style="text-indent: -8pt; margin-left: 8pt">
    SearchMedia&#160;&#151; Ordinary shares: US$0.0001&#160;par
    value; 443,636,365&#160;shares authorized,
    32,119,500&#160;shares issued and outstanding as of
    March&#160;31, 2009
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
    3
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
    (3
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
    )
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
    (b1
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
    )
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD align="left" valign="bottom" style="font-size: 8pt">
<DIV style="text-indent: -8pt; margin-left: 8pt">
    ID Cayman ordinary shares
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
    1
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
    (b3
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
    )
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
    2
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
    (1
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
    )
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
    (d1
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
    )
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
    1
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
    1
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
    (b1
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
    )
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD align="left" valign="bottom" style="font-size: 8pt">
<DIV style="text-indent: -8pt; margin-left: 8pt">
    Additional paid-in capital
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
    52,595
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
    2,433
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
    50,827
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
    (b1
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
    )
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
    122,150
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
    (60,564
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
    )
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
    (d1
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
    )
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
    60,059
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
    (1,010
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
    )
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
    (b2
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
    )
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
    (1,527
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
    )
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
    (d2
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
    )
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
    23,640
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
    (c1
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
    )
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
    1,575
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
    (e1
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
    )
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
    (12,200
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
    )
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
    (f1
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
    )
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
    790
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
    (f2
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
    )
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
    3,500
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
    (g1
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
    )
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom" style="font-size: 8pt">
<DIV style="text-indent: -7pt; margin-left: 14pt">
    Income accumulated during the development stage
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
    (1,010
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
    )
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
    1,010
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
    (b2
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
    )
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD align="left" valign="bottom" style="font-size: 8pt">
<DIV style="text-indent: -7pt; margin-left: 14pt">
    Accumulated other comprehensive income
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
    2,134
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
    2,134
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
    2,134
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
<DIV style="text-indent: -7pt; margin-left: 14pt">
    Retained earnings
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
    1,713
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
    1,713
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
    1,713
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD align="left" valign="bottom" style="font-size: 8pt">
<DIV style="text-indent: -8pt; margin-left: 8pt">
    <B>Total stockholders&#146; equity</B>
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
    <B>51,586</B>
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
    <B>7,005</B>
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
    <B>125,999</B>
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
    <B>63,907</B>
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom" style="font-size: 8pt">
<DIV style="text-indent: -8pt; margin-left: 8pt">
    <B>Total liabilities and stockholders&#146; equity</B>
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
    <B>79,493</B>
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
    <B>126,524</B>
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
    <B>184,003</B>
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
    <B>121,911</B>
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
</TR>
</TABLE>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">

</DIV>

<DIV style="margin-top: 3pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    See Notes to Unaudited Pro Forma Adjustments
</DIV>

<P align="center" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <BR>
    70
</DIV><!-- END PAGE WIDTH -->
<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>

<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->

<DIV align="center" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">Ideation
    Acquisition Corp.<BR>
    <BR>
    Unaudited Pro Forma Condensed Statement of Income<BR>
    For the Fiscal Year Ended December&#160;31, 2008<BR>
    (US dollars in thousands)</FONT></B>
</DIV>

<DIV style="margin-top: 18pt; font-size: 1pt">&nbsp;</DIV>

<TABLE border="0" width="100%" align="center" cellpadding="0" cellspacing="0" style="font-size: 7pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
<!-- Table Width Row BEGIN -->
<TR style="font-size: 1pt" valign="bottom">
    <TD width="35%">&nbsp;</TD>	<!-- colindex=01 type=maindata -->
    <TD width="1%">&nbsp;</TD>	<!-- colindex=02 type=gutter -->
    <TD width="1%" align="right">&nbsp;</TD>	<!-- colindex=02 type=lead -->
    <TD width="4%" align="right">&nbsp;</TD>	<!-- colindex=02 type=body -->
    <TD width="1%" align="left">&nbsp;</TD>	<!-- colindex=02 type=hang1 -->
    <TD width="2%">&nbsp;</TD>	<!-- colindex=03 type=gutter -->
    <TD width="1%" align="right">&nbsp;</TD>	<!-- colindex=03 type=lead -->
    <TD width="6%" align="right">&nbsp;</TD>	<!-- colindex=03 type=body -->
    <TD width="1%" align="left">&nbsp;</TD>	<!-- colindex=03 type=hang1 -->
    <TD width="2%">&nbsp;</TD>	<!-- colindex=04 type=gutter -->
    <TD width="1%" align="right">&nbsp;</TD>	<!-- colindex=04 type=lead -->
    <TD width="6%" align="right">&nbsp;</TD>	<!-- colindex=04 type=body -->
    <TD width="1%" align="left">&nbsp;</TD>	<!-- colindex=04 type=hang1 -->
    <TD width="2%">&nbsp;</TD>	<!-- colindex=05 type=gutter -->
    <TD width="1%" align="right">&nbsp;</TD>	<!-- colindex=05 type=lead -->
    <TD width="1%" align="right">&nbsp;</TD>	<!-- colindex=05 type=body -->
    <TD width="1%" align="left">&nbsp;</TD>	<!-- colindex=05 type=hang1 -->
    <TD width="2%">&nbsp;</TD>	<!-- colindex=06 type=gutter -->
    <TD width="1%" align="right">&nbsp;</TD>	<!-- colindex=06 type=lead -->
    <TD width="5%" align="right">&nbsp;</TD>	<!-- colindex=06 type=body -->
    <TD width="1%" align="left">&nbsp;</TD>	<!-- colindex=06 type=hang1 -->
    <TD width="2%">&nbsp;</TD>	<!-- colindex=07 type=gutter -->
    <TD width="1%" align="right">&nbsp;</TD>	<!-- colindex=07 type=lead -->
    <TD width="6%" align="right">&nbsp;</TD>	<!-- colindex=07 type=body -->
    <TD width="1%" align="left">&nbsp;</TD>	<!-- colindex=07 type=hang1 -->
    <TD width="2%">&nbsp;</TD>	<!-- colindex=08 type=gutter -->
    <TD width="1%" align="right">&nbsp;</TD>	<!-- colindex=08 type=lead -->
    <TD width="1%" align="right">&nbsp;</TD>	<!-- colindex=08 type=body -->
    <TD width="1%" align="left">&nbsp;</TD>	<!-- colindex=08 type=hang1 -->
    <TD width="2%">&nbsp;</TD>	<!-- colindex=09 type=gutter -->
    <TD width="1%" align="right">&nbsp;</TD>	<!-- colindex=09 type=lead -->
    <TD width="5%" align="right">&nbsp;</TD>	<!-- colindex=09 type=body -->
    <TD width="1%" align="left">&nbsp;</TD>	<!-- colindex=09 type=hang1 -->
</TR>
<!-- Table Width Row END -->
<TR style="font-size: 7pt" valign="bottom" align="center">
<TD nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="10" align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    <B>Zero Conversion Assumption</B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="10" align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    <B>Maximum Conversion Assumption</B>
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR style="font-size: 7pt" valign="bottom" align="center">
<TD nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>Ideation<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>SearchMedia<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>Pro Forma<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>Pro Forma<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>Pro Forma<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>Pro Forma<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR style="font-size: 7pt" valign="bottom" align="center">
<TD nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    <B>historical</B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    <B>historical</B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    <B>Adjustments</B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    <B>Note</B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    <B>Combined</B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    <B>Adjustments</B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    <B>Note</B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    <B>Combined</B>
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR style="line-height: 3pt; font-size: 1pt">
<TD>&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
<DIV style="text-indent: -7pt; margin-left: 7pt">
    Net revenues
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
    88,637
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
    88,637
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
    88,637
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom" style="font-size: 8pt">
<DIV style="text-indent: -7pt; margin-left: 7pt">
    Cost of revenues
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
    (46,674
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
    )
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
    (46,674
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
    )
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
    (46,674
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
    )
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
<DIV style="text-indent: -7pt; margin-left: 7pt">
    Gross profit
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
    <B>41,963</B>
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
    <B>41,963</B>
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
    <B>41,963</B>
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom" style="font-size: 8pt">
<DIV style="text-indent: -7pt; margin-left: 7pt">
    Selling and distribution expenses
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
    (7,397
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
    )
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
    (7,397
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
    )
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
    (7,397
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
    )
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD align="left" valign="bottom" style="font-size: 8pt">
<DIV style="text-indent: -7pt; margin-left: 7pt">
    General and administrative expenses
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
    (1,282
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
    )
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
    (11,727
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
    )
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
    (13,009
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
    )
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
    (13,009
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
    )
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom" style="font-size: 8pt">
<DIV style="text-indent: -7pt; margin-left: 7pt">
    Income (loss) from operations
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
    <B>(1,282</B>
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
    )
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
    <B>22,839</B>
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
    <B>21,557</B>
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
    <B>21,557</B>
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
<DIV style="text-indent: -7pt; margin-left: 7pt">
    Interest expense
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
    (8,922
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
    )
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
    8,887
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
    (e2
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
    )
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
    (35
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
    )
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
    (35
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
    )
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
<DIV style="text-indent: -7pt; margin-left: 7pt">
    Interest income
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
    1,616
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
    131
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
    1,747
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
    (1,242
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
    )
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
    (d3
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
    )
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
    505
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD align="left" valign="bottom" style="font-size: 8pt">
<DIV style="text-indent: -7pt; margin-left: 7pt">
    Decrease in fair value of note warrant liability
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
    482
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
    (482
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
    )
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
    (e2
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
    )
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom" style="font-size: 8pt">
<DIV style="text-indent: -7pt; margin-left: 7pt">
    Loss on extinguishment of the Notes
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
    (3,218
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
    )
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
    3,218
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
    (e3
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
    )
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD align="left" valign="bottom" style="font-size: 8pt">
<DIV style="text-indent: -7pt; margin-left: 7pt">
    Foreign currency exchange loss, net
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
    (167
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
    )
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
    (167
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
    )
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
    (167
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
    )
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom" style="font-size: 8pt">
<DIV style="text-indent: -7pt; margin-left: 7pt">
    Income before income taxes
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
    <B>334</B>
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
    <B>11,145</B>
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
    <B>23,102</B>
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
    <B>21,860</B>
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD align="left" valign="bottom" style="font-size: 8pt">
<DIV style="text-indent: -7pt; margin-left: 7pt">
    Income tax expense
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
    (99
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
    )
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
    (6,802
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
    )
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
    (6,901
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
    )
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
    (6,901
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
    )
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
<DIV style="text-indent: -7pt; margin-left: 7pt">
    Net income
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
    <B>235</B>
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
    <B>4,343</B>
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
    <B>16,201</B>
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
    <B>14,959</B>
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD align="left" valign="bottom" style="font-size: 8pt">
<DIV style="text-indent: -7pt; margin-left: 7pt">
    Net income per share&#160;&#151; basic
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom" style="font-size: 8pt">
<DIV style="text-indent: -7pt; margin-left: 7pt">
    Net income per share&#160;&#151; diluted
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
    0.79
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
    1.16
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
    0.66
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
    0.89
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom" style="font-size: 8pt">
<DIV style="text-indent: -7pt; margin-left: 7pt">
    Weighted average share&#160;&#151; basic
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
    20,634,134
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
    12,949,683
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD align="left" valign="bottom" style="font-size: 8pt">
<DIV style="text-indent: -7pt; margin-left: 7pt">
    Weighted average share&#160;&#151; diluted
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
    24,481,969
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
    16,797,518
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
</TR>
</TABLE>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">

</DIV>

<DIV style="margin-top: 3pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    See Notes to Unaudited Pro Forma Adjustments
</DIV>

<P align="center" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <BR>
    71
</DIV><!-- END PAGE WIDTH -->
<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>

<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->

<DIV align="center" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">Ideation
    Acquisition Corp.<BR>
    <BR>
    Unaudited Pro Forma Condensed Statement of Income<BR>
    For the Six Months Ended June&#160;30, 2009<BR>
    (US dollars in thousands)</FONT></B>
</DIV>

<DIV style="margin-top: 18pt; font-size: 1pt">&nbsp;</DIV>

<TABLE border="0" width="100%" align="center" cellpadding="0" cellspacing="0" style="font-size: 7pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
<!-- Table Width Row BEGIN -->
<TR style="font-size: 1pt" valign="bottom">
    <TD width="31%">&nbsp;</TD>	<!-- colindex=01 type=maindata -->
    <TD width="1%">&nbsp;</TD>	<!-- colindex=02 type=gutter -->
    <TD width="1%" align="right">&nbsp;</TD>	<!-- colindex=02 type=lead -->
    <TD width="6%" align="right">&nbsp;</TD>	<!-- colindex=02 type=body -->
    <TD width="1%" align="left">&nbsp;</TD>	<!-- colindex=02 type=hang1 -->
    <TD width="2%">&nbsp;</TD>	<!-- colindex=03 type=gutter -->
    <TD width="1%" align="right">&nbsp;</TD>	<!-- colindex=03 type=lead -->
    <TD width="8%" align="right">&nbsp;</TD>	<!-- colindex=03 type=body -->
    <TD width="1%" align="left">&nbsp;</TD>	<!-- colindex=03 type=hang1 -->
    <TD width="2%">&nbsp;</TD>	<!-- colindex=04 type=gutter -->
    <TD width="1%" align="right">&nbsp;</TD>	<!-- colindex=04 type=lead -->
    <TD width="6%" align="right">&nbsp;</TD>	<!-- colindex=04 type=body -->
    <TD width="1%" align="left">&nbsp;</TD>	<!-- colindex=04 type=hang1 -->
    <TD width="2%">&nbsp;</TD>	<!-- colindex=05 type=gutter -->
    <TD width="1%" align="right">&nbsp;</TD>	<!-- colindex=05 type=lead -->
    <TD width="1%" align="right">&nbsp;</TD>	<!-- colindex=05 type=body -->
    <TD width="1%" align="left">&nbsp;</TD>	<!-- colindex=05 type=hang1 -->
    <TD width="2%">&nbsp;</TD>	<!-- colindex=06 type=gutter -->
    <TD width="1%" align="right">&nbsp;</TD>	<!-- colindex=06 type=lead -->
    <TD width="5%" align="right">&nbsp;</TD>	<!-- colindex=06 type=body -->
    <TD width="1%" align="left">&nbsp;</TD>	<!-- colindex=06 type=hang1 -->
    <TD width="2%">&nbsp;</TD>	<!-- colindex=07 type=gutter -->
    <TD width="1%" align="right">&nbsp;</TD>	<!-- colindex=07 type=lead -->
    <TD width="6%" align="right">&nbsp;</TD>	<!-- colindex=07 type=body -->
    <TD width="1%" align="left">&nbsp;</TD>	<!-- colindex=07 type=hang1 -->
    <TD width="2%">&nbsp;</TD>	<!-- colindex=08 type=gutter -->
    <TD width="1%" align="right">&nbsp;</TD>	<!-- colindex=08 type=lead -->
    <TD width="1%" align="right">&nbsp;</TD>	<!-- colindex=08 type=body -->
    <TD width="1%" align="left">&nbsp;</TD>	<!-- colindex=08 type=hang1 -->
    <TD width="2%">&nbsp;</TD>	<!-- colindex=09 type=gutter -->
    <TD width="1%" align="right">&nbsp;</TD>	<!-- colindex=09 type=lead -->
    <TD width="5%" align="right">&nbsp;</TD>	<!-- colindex=09 type=body -->
    <TD width="1%" align="left">&nbsp;</TD>	<!-- colindex=09 type=hang1 -->
</TR>
<!-- Table Width Row END -->
<TR style="font-size: 7pt" valign="bottom" align="center">
<TD nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>Ideation<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>SearchMedia<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR style="font-size: 7pt" valign="bottom" align="center">
<TD nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>Six Months<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>Six Months<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="10" align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    <B>Zero Conversion Assumption</B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="10" align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    <B>Maximum Conversion Assumption</B>
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR style="font-size: 7pt" valign="bottom" align="center">
<TD nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>Ended<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>Ended<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>Pro Forma<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>Pro Forma<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>Pro Forma<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>Pro Forma<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR style="font-size: 7pt" valign="bottom" align="center">
<TD nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    <B>June&#160;30, 2009</B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    <B>March&#160;31, 2009</B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    <B>Adjustments</B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    <B>Note</B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    <B>Combined</B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    <B>Adjustments</B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    <B>Note</B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    <B>Combined</B>
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR style="line-height: 3pt; font-size: 1pt">
<TD>&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
<DIV style="text-indent: -7pt; margin-left: 7pt">
    Net revenues
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
    52,153
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
    52,153
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
    52,153
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom" style="font-size: 8pt">
<DIV style="text-indent: -7pt; margin-left: 7pt">
    Cost of revenues
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
    (24,962
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
    )
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
    (24,962
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
    )
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
    (24,962
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
    )
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
<DIV style="text-indent: -7pt; margin-left: 7pt">
    Gross profit
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
    <B>27,191</B>
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
    <B>27,191</B>
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
    <B>27,191</B>
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom" style="font-size: 8pt">
<DIV style="text-indent: -7pt; margin-left: 7pt">
    Selling and distribution expenses
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
    (3,299
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
    )
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
    (3,299
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
    )
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
    (3,299
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
    )
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD align="left" valign="bottom" style="font-size: 8pt">
<DIV style="text-indent: -7pt; margin-left: 7pt">
    General and administrative expenses
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
    (1,382
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
    )
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
    (7,650
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
    )
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
    (9,032
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
    )
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
    (9,032
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
    )
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom" style="font-size: 8pt">
<DIV style="text-indent: -7pt; margin-left: 7pt">
    Income (loss) from operations
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
    <B>(1,382</B>
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
    )
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
    <B>16,242</B>
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
    <B>14,860</B>
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
    <B>14,860</B>
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
<DIV style="text-indent: -7pt; margin-left: 7pt">
    Interest expense
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
    (1,190
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
    )
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
    1,055
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
    (e2
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
    )
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
    (135
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
    )
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
    (135
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
    )
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
<DIV style="text-indent: -7pt; margin-left: 7pt">
    Interest income
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
    30
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
    30
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
    (23
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
    )
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
    (d3
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
    )
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
    7
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD align="left" valign="bottom" style="font-size: 8pt">
<DIV style="text-indent: -7pt; margin-left: 7pt">
    Decrease in fair value of note warrant liability
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
    195
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
    (195
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
    )
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
    (e2
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
    )
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom" style="font-size: 8pt">
<DIV style="text-indent: -7pt; margin-left: 7pt">
    Loss on extinguishment of the Notes
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD align="left" valign="bottom" style="font-size: 8pt">
<DIV style="text-indent: -7pt; margin-left: 7pt">
    Foreign currency exchange loss, net
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom" style="font-size: 8pt">
<DIV style="text-indent: -7pt; margin-left: 7pt">
    Income before income taxes
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
    <B>(1,352</B>
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
    <B>)</B>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
    <B>15,247</B>
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
    <B>14,755</B>
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
    <B>14,732</B>
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD align="left" valign="bottom" style="font-size: 8pt">
<DIV style="text-indent: -7pt; margin-left: 7pt">
    Income tax expense
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
    (37
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
    )
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
    (5,352
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
    )
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
    (5,389
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
    )
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
    (5,389
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
    )
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
<DIV style="text-indent: -7pt; margin-left: 7pt">
    Net income
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
    <B>(1,389</B>
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
    <B>)</B>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
    <B>9,895</B>
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
    <B>9,366</B>
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
    <B>9,343</B>
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD align="left" valign="bottom" style="font-size: 8pt">
<DIV style="text-indent: -7pt; margin-left: 7pt">
    Net income per share&#160;&#151; basic
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom" style="font-size: 8pt">
<DIV style="text-indent: -7pt; margin-left: 7pt">
    Net income per share&#160;&#151; diluted
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
    0.44
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
    0.70
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
    0.37
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
    0.54
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom" style="font-size: 8pt">
<DIV style="text-indent: -7pt; margin-left: 7pt">
    Weighted average share&#160;&#151; basic
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
    21,078,213
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
    13,393,762
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD align="left" valign="bottom" style="font-size: 8pt">
<DIV style="text-indent: -7pt; margin-left: 7pt">
    Weighted average share&#160;&#151; diluted
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
    24,995,879
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
    17,311,428
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
</TR>
</TABLE>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">

</DIV>

<DIV style="margin-top: 3pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    See Notes to Unaudited Pro Forma Adjustments
</DIV>

<P align="center" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <BR>
    72
</DIV><!-- END PAGE WIDTH -->
<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>

<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->

<DIV align="center" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">NOTES&#160;TO
    UNAUDITED PRO FORMA ADJUSTMENTS</FONT></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">

<TR>
    <TD width="2%"></TD>
    <TD width="1%"></TD>
    <TD width="97%"></TD>
</TR>

<TR>
    <TD valign="top">
    (a) </TD>
    <TD></TD>
    <TD valign="bottom">
    To record release of funds held in trust by Ideation to
    operating cash account upon consummation of the Transaction.</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>

<TR>
    <TD valign="top">
    (b) </TD>
    <TD></TD>
    <TD valign="bottom">
    (b1) To record the issuance of 8,578,213 common stock of ID
    Cayman in exchange of outstanding SearchMedia ordinary shares,
    preferred shares, and promissory notes; (b2) To eliminate the
    retained earnings of Ideation as SearchMedia will be the
    continuing entity for accounting purposes; (b3) To reclassify
    Ideation common stock to ID Cayman ordinary shares.</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>

<TR>
    <TD valign="top">
    (c) </TD>
    <TD></TD>
    <TD valign="bottom">
    Assuming zero conversion: (c1) To reclassify amounts relating to
    common stock subject to conversion to permanent equity; (c2) To
    record payment of deferred underwriting fee upon consummation of
    the Transaction.</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>

<TR>
    <TD valign="top">
    (d) </TD>
    <TD></TD>
    <TD valign="bottom">
    Assuming maximum conversion: (d1) To record payment to
    converting shareholders, based on common stock subject to
    conversion at US$7.8815 per share assuming impact of the Sponsor
    Purchase Commitment Amount is satisfied entirely through open
    market purchases before the special meeting. However, such
    commitment may, and will most likely, be satisfied subsequent to
    the closing of the business combination through warrant
    exercises or issuances of Ideation common stock; (d2) To record
    payment of accrued interest on cash held in trust to converting
    shareholders; (d3) To adjust for interest income that would not
    have been recognized in respect of cash payment to converting
    shareholders.</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>

<TR>
    <TD valign="top">
    (e) </TD>
    <TD></TD>
    <TD valign="bottom">
    (e1) To reflect exchange of SearchMedia liability-classified
    warrants with ID Cayman warrants which by nature is
    equity-classified; (e2) To adjust for the interest expense and
    fair value change related to SearchMedia&#146;s
    liability-classified warrants; (e3) To adjust for the loss on
    extinguishment of the SearchMedia convertible notes.</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>

<TR>
    <TD valign="top">
    (f) </TD>
    <TD></TD>
    <TD valign="bottom">
    (f1) To record payment of the recapitalization transaction
    costs, up to US$12.2&#160;million including accountant,
    attorney, consulting and advisory fees and expenses incurred
    with respect to the printing, filing and mailing of the proxy
    statement/prospectus (including any related preliminary
    materials) and the
    <FONT style="white-space: nowrap">Form&#160;S-4</FONT>
    Registration Statement and any amendments or supplements
    thereto; (f2) To adjust for elimination of deferred cost and
    accrued expense of the transaction costs.</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>

<TR>
    <TD valign="top">
    (g) </TD>
    <TD></TD>
    <TD valign="bottom">
    (g1) To record conversion of US$3.5&#160;million promissory
    notes, issued to a third party investor, an existing
    Series&#160;A preferred shareholder and certain management
    personnel of SearchMedia in March 2009 as described in the
    &#147;Contractual Obligation&#148; section, into 444,079 ID
    Cayman ordinary shares upon the consummation of the Transaction;
    (g2) To record the cash payment of interest on the
    US$3.5&#160;million promissory notes which is accrued from March
    18 and March&#160;19, 2009 (as applicable) to the closing date
    of the Transaction at the rate of 12% per annum.</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>

<TR>
    <TD valign="top">
    (h) </TD>
    <TD></TD>
    <TD valign="bottom">
    Pro forma basic and diluted net income per share was calculated
    by dividing the pro forma net income by the weighted average
    number of shares outstanding as follows:</TD>
</TR>

</TABLE>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<TABLE border="0" width="100%" align="center" cellpadding="0" cellspacing="0" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
<!-- Table Width Row BEGIN -->
<TR style="font-size: 1pt" valign="bottom">
    <TD width="49%">&nbsp;</TD>	<!-- colindex=01 type=maindata -->
    <TD width="2%">&nbsp;</TD>	<!-- colindex=02 type=gutter -->
    <TD width="1%" align="right">&nbsp;</TD>	<!-- colindex=02 type=lead -->
    <TD width="8%" align="right">&nbsp;</TD>	<!-- colindex=02 type=body -->
    <TD width="1%" align="left">&nbsp;</TD>	<!-- colindex=02 type=hang1 -->
    <TD width="3%">&nbsp;</TD>	<!-- colindex=03 type=gutter -->
    <TD width="1%" align="right">&nbsp;</TD>	<!-- colindex=03 type=lead -->
    <TD width="8%" align="right">&nbsp;</TD>	<!-- colindex=03 type=body -->
    <TD width="1%" align="left">&nbsp;</TD>	<!-- colindex=03 type=hang1 -->
    <TD width="3%">&nbsp;</TD>	<!-- colindex=04 type=gutter -->
    <TD width="1%" align="right">&nbsp;</TD>	<!-- colindex=04 type=lead -->
    <TD width="8%" align="right">&nbsp;</TD>	<!-- colindex=04 type=body -->
    <TD width="1%" align="left">&nbsp;</TD>	<!-- colindex=04 type=hang1 -->
    <TD width="3%">&nbsp;</TD>	<!-- colindex=05 type=gutter -->
    <TD width="1%" align="right">&nbsp;</TD>	<!-- colindex=05 type=lead -->
    <TD width="8%" align="right">&nbsp;</TD>	<!-- colindex=05 type=body -->
    <TD width="1%" align="left">&nbsp;</TD>	<!-- colindex=05 type=hang1 -->
</TR>
<!-- Table Width Row END -->
<TR style="font-size: 8pt" valign="bottom" align="center">
<TD nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="6" nowrap align="center" valign="bottom">
    <B>Fiscal Year Ended<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="6" nowrap align="center" valign="bottom">
    <B>Six Months Ended<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom" align="center">
<TD nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="6" nowrap align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    <B>December&#160;31, 2008</B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="6" nowrap align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    <B>June&#160;30, 2009</B>
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom" align="center">
<TD nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>Assuming<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>Assuming<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>Assuming<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>Assuming<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom" align="center">
<TD nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>Zero<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>Maximum<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>Zero<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>Maximum<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom" align="center">
<TD nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    <B>Conversion</B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    <B>Conversion</B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    <B>Conversion</B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    <B>Conversion</B>
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR style="line-height: 3pt; font-size: 1pt">
<TD>&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Shares issued in the Transaction
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    8,134,134
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    8,134,134
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    8,578,213
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    8,578,213
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Ideation weighted average shares
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    12,500,000
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    4,815,549
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    12,500,000
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    4,815,549
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="font-size: 1pt">
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Basic shares
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    20,634,134
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    12,949,683
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    21,078,213
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    13,393,762
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="font-size: 1pt">
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    SearchMedia&#146; options and restricted shares*
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    284,598
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    284,598
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    284,598
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    284,598
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Warrants **
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    3,563,237
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    3,563,237
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    3,633,068
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    3,633,068
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="font-size: 1pt">
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Diluted shares
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    24,481,969
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    16,797,518
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    24,995,879
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    17,311,428
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="font-size: 1pt">
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
</TABLE>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">

</DIV>

<P align="center" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <BR>
    73
</DIV><!-- END PAGE WIDTH -->
<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>

<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->

<DIV style="font-size: 1pt; margin-left: 0%; width: 13%;  align: left; border-bottom: 1pt solid #000000"></DIV><!-- callerid=999 iwidth=456 length=60 -->

<DIV style="margin-top: 3pt; font-size: 1pt">&nbsp;</DIV>



<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">

<TR>
    <TD width="3%"></TD>
    <TD width="1%"></TD>
    <TD width="96%"></TD>
</TR>

<TR>
    <TD valign="top">
    &#160;* </TD>
    <TD></TD>
    <TD valign="bottom">
    The underwriters purchase option for Ideation&#146;s common
    stock is anti-dilutive and is not included in the computation of
    pro forma diluted earnings per share. The phrase restricted
    share awards includes both restricted shares and restricted
    share units.</TD>
</TR>


<TR style="line-height: 3pt; font-size: 1pt"><TD>&nbsp;</TD></TR>

<TR>
    <TD valign="top">
    ** </TD>
    <TD></TD>
    <TD valign="bottom">
    The warrants include incremental shares of 2,960,173 from
    potential exercise of ID Cayman warrants converted from Ideation
    warrants (12,400,000 warrants); incremental shares of 603,064
    from potential exercise of ID Cayman warrants converted from
    SearchMedia warrants (1,489,331 warrants) upon the Transaction;
    and incremental shares of 30,892 from potential exercise of ID
    Cayman warrants converted from SearchMedia promissory notes
    warrant (442,000 warrants)</TD>
</TR>

</TABLE>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">

<TR>
    <TD width="2%"></TD>
    <TD width="1%"></TD>
    <TD width="97%"></TD>
</TR>

<TR>
    <TD valign="top">
    (i) </TD>
    <TD></TD>
    <TD valign="bottom">
    To reflect cash settlement of US$5&#160;million of the Linden
    promissory notes. The pro forma adjustment has not reflected the
    payment of interest on the US$15&#160;million Linden promissory
    notes which is accrued from September&#160;17, 2008 to the
    closing date of the Transaction at the rate of 12% per annum.</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>

<TR>
    <TD valign="top">
    (j) </TD>
    <TD></TD>
    <TD valign="bottom">
    As discussed in the introduction to the pro forma financial
    statements, no pro forma adjustment has been made for the
    effect, if any, relating to the potential issuance of Earn-out
    Shares to SearchMedia shareholders and warrantholders if certain
    performance targets are achieved. Also, no pro forma adjustment
    has been made for the effect, if any, relating to the
    alternative settlement method for the SearchMedia promissory
    notes if circumstances described in this document occur.</TD>
</TR>

</TABLE>


<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">

<TR>
    <TD width="2%"></TD>
    <TD width="1%"></TD>
    <TD width="97%"></TD>
</TR>

<TR>
    <TD valign="top">
    (k) </TD>
    <TD></TD>
    <TD valign="bottom">
    During the period from April&#160;1, 2009 through
    September&#160;8, 2009, SearchMedia granted 1,650,000&#160;share
    options to certain management personnel to acquire ordinary
    shares of the SearchMedia. These options have an exercise price
    of US$0.5323 per share, a vesting period of three to four years
    and a contractual life of 10&#160;years from the date of grant.
    The pro forma financial statements have not considered the
    effect of the issuance of such share option.</TD>
</TR>

</TABLE>



<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">

<TR>
    <TD width="2%"></TD>
    <TD width="1%"></TD>
    <TD width="97%"></TD>
</TR>

<TR>
    <TD valign="top">
    (l) </TD>
    <TD></TD>
    <TD valign="bottom">
    On September&#160;22, 2009, SearchMedia&#146;s board of
    directors and shareholders approved the repurchase of 3,000,000
    ordinary shares, Series&#160;B preferred shares and
    Series&#160;C preferred shares on a pro rata basis from
    SearchMedia&#146;s existing shareholders at a purchase price of
    US$0.0001 per share. The pro forma financial statements have not
    considered the effect of the repurchase of such shares.</TD>
</TR>

</TABLE>


<P align="center" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <BR>
    74
</DIV><!-- END PAGE WIDTH -->
<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>

<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->
<A name='149'>
<DIV style="margin-top: 18pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">COMPARATIVE
    PER SHARE DATA</FONT></B>
</DIV>
</A>
<DIV style="margin-top: 3pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    The following table sets forth selected net income and book
    value per share information for Ideation and SearchMedia on a
    historical basis, and for ID Cayman on a pro forma basis per
    equivalent Ideation share and equivalent SearchMedia share. The
    pro forma information is set forth assuming both no additional
    conversion, or minimum conversion, of any of the shares of
    Ideation&#146;s common stock and maximum conversion of the
    shares of Ideation&#146;s common stock.
</DIV>

<DIV style="margin-top: 3pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    The following comparative per share data should be read in
    conjunction with each of the following, which are set forth
    elsewhere in this proxy statement/prospectus: (i)&#160;the
    selected financial data of Ideation and SearchMedia,
    (ii)&#160;the consolidated financial statements of Ideation and
    SearchMedia, including the notes thereto and (iii)&#160;the
    Unaudited Pro Forma Combined Financial Statements of ID Cayman.
</DIV>

<DIV style="margin-top: 3pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    The pro forma information below does not purport to represent
    the earnings per share which would have occurred had the
    companies been combined, nor earnings per share for any future
    date or period. The pro forma combined book value per share
    information below does not purport to represent what the value
    of the companies would have been had the companies been combined
    nor the value for any future date or period.
</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<TABLE border="0" width="100%" align="center" cellpadding="0" cellspacing="0" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
<!-- Table Width Row BEGIN -->
<TR style="font-size: 1pt" valign="bottom">
    <TD width="49%">&nbsp;</TD>	<!-- colindex=01 type=maindata -->
    <TD width="2%">&nbsp;</TD>	<!-- colindex=02 type=gutter -->
    <TD width="1%" align="right">&nbsp;</TD>	<!-- colindex=02 type=lead -->
    <TD width="8%" align="right">&nbsp;</TD>	<!-- colindex=02 type=body -->
    <TD width="1%" align="left">&nbsp;</TD>	<!-- colindex=02 type=hang1 -->
    <TD width="3%">&nbsp;</TD>	<!-- colindex=03 type=gutter -->
    <TD width="1%" align="right">&nbsp;</TD>	<!-- colindex=03 type=lead -->
    <TD width="8%" align="right">&nbsp;</TD>	<!-- colindex=03 type=body -->
    <TD width="1%" align="left">&nbsp;</TD>	<!-- colindex=03 type=hang1 -->
    <TD width="3%">&nbsp;</TD>	<!-- colindex=04 type=gutter -->
    <TD width="1%" align="right">&nbsp;</TD>	<!-- colindex=04 type=lead -->
    <TD width="8%" align="right">&nbsp;</TD>	<!-- colindex=04 type=body -->
    <TD width="1%" align="left">&nbsp;</TD>	<!-- colindex=04 type=hang1 -->
    <TD width="3%">&nbsp;</TD>	<!-- colindex=05 type=gutter -->
    <TD width="1%" align="right">&nbsp;</TD>	<!-- colindex=05 type=lead -->
    <TD width="8%" align="right">&nbsp;</TD>	<!-- colindex=05 type=body -->
    <TD width="1%" align="left">&nbsp;</TD>	<!-- colindex=05 type=hang1 -->
</TR>
<!-- Table Width Row END -->
<TR style="font-size: 8pt" valign="bottom" align="center">
<TD nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>ID Cayman<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>ID Cayman<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom" align="center">
<TD nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>Pro Forma<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>Pro Forma<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom" align="center">
<TD nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>Fiscal Year<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>Fiscal Year<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom" align="center">
<TD nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="6" align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    <B>Historical</B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>Ended <BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>Ended <BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom" align="center">
<TD nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>Ideation<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>SearchMedia<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>December&#160;31,<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>December&#160;31,<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom" align="center">
<TD nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>Fiscal Year<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>Fiscal Year<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>2008<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>2008<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom" align="center">
<TD nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>Ended<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>Ended<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>Assuming<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>Assuming<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom" align="center">
<TD nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>December&#160;31,<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>December&#160;31,<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>Maximum<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>Zero<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom" align="center">
<TD nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    <B>2008</B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    <B>2008</B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    <B>Conversion</B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    <B>Conversion</B>
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom" align="center">
<TD nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="14" align="center" valign="bottom">
    <B>(Amounts in thousands except for per share and share
    amounts)</B>
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR style="line-height: 3pt; font-size: 1pt">
<TD>&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Net income
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    235
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    4,343
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    14,959
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    16,201
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Net income per common share&#160;&#151; basic
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    0.03
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#150;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    1.16
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    0.79
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Weighted average number of shares used in the calculation of net
    income per share&#160;&#151; basic
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    9,500,001
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#150;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    12,949,683
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    20,634,134
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
</TABLE>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">

</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<TABLE border="0" width="100%" align="center" cellpadding="0" cellspacing="0" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
<!-- Table Width Row BEGIN -->
<TR style="font-size: 1pt" valign="bottom">
    <TD width="51%">&nbsp;</TD>	<!-- colindex=01 type=maindata -->
    <TD width="2%">&nbsp;</TD>	<!-- colindex=02 type=gutter -->
    <TD width="1%" align="right">&nbsp;</TD>	<!-- colindex=02 type=lead -->
    <TD width="7%" align="right">&nbsp;</TD>	<!-- colindex=02 type=body -->
    <TD width="1%" align="left">&nbsp;</TD>	<!-- colindex=02 type=hang1 -->
    <TD width="3%">&nbsp;</TD>	<!-- colindex=03 type=gutter -->
    <TD width="1%" align="right">&nbsp;</TD>	<!-- colindex=03 type=lead -->
    <TD width="7%" align="right">&nbsp;</TD>	<!-- colindex=03 type=body -->
    <TD width="1%" align="left">&nbsp;</TD>	<!-- colindex=03 type=hang1 -->
    <TD width="3%">&nbsp;</TD>	<!-- colindex=04 type=gutter -->
    <TD width="1%" align="right">&nbsp;</TD>	<!-- colindex=04 type=lead -->
    <TD width="8%" align="right">&nbsp;</TD>	<!-- colindex=04 type=body -->
    <TD width="1%" align="left">&nbsp;</TD>	<!-- colindex=04 type=hang1 -->
    <TD width="3%">&nbsp;</TD>	<!-- colindex=05 type=gutter -->
    <TD width="1%" align="right">&nbsp;</TD>	<!-- colindex=05 type=lead -->
    <TD width="8%" align="right">&nbsp;</TD>	<!-- colindex=05 type=body -->
    <TD width="1%" align="left">&nbsp;</TD>	<!-- colindex=05 type=hang1 -->
</TR>
<!-- Table Width Row END -->
<TR style="font-size: 8pt" valign="bottom" align="center">
<TD nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>ID Cayman<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>ID Cayman<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom" align="center">
<TD nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>Pro Forma<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>Pro Forma<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom" align="center">
<TD nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>Six Months<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>Six Months<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom" align="center">
<TD nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="6" align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    <B>Historical</B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>Ended <BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>Ended <BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom" align="center">
<TD nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>Ideation<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>SearchMedia<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>June&#160;30,<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>June&#160;30,<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom" align="center">
<TD nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>Six Months<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>Six Months<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>2009<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>2009<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom" align="center">
<TD nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>Ended<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>Ended<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>Assuming<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>Assuming<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom" align="center">
<TD nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>June&#160;30,<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>March&#160;31,<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>Maximum<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>Zero<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom" align="center">
<TD nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    <B>2009</B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    <B>2009</B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    <B>Conversion</B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    <B>Conversion</B>
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom" align="center">
<TD nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="14" align="center" valign="bottom">
    <B>(Amounts in thousands except for per share and share
    amounts)</B>
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR style="line-height: 3pt; font-size: 1pt">
<TD>&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Net income
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    (1,389
</TD>
<TD nowrap align="left" valign="bottom">
    )
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    9,895
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    9,343
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    9,366
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Net income per common share&#160;&#151; basic
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    (0.15
</TD>
<TD nowrap align="left" valign="bottom">
    )
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#150;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    0.70
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    0.44
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Weighted average number of shares used in the calculation of net
    income per share&#160;&#151; basic
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    9,500,001
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#150;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    13,393,762
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    21,078,213
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
</TABLE>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">

</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<TABLE border="0" width="100%" align="center" cellpadding="0" cellspacing="0" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
<!-- Table Width Row BEGIN -->
<TR style="font-size: 1pt" valign="bottom">
    <TD width="51%">&nbsp;</TD>	<!-- colindex=01 type=maindata -->
    <TD width="2%">&nbsp;</TD>	<!-- colindex=02 type=gutter -->
    <TD width="1%" align="right">&nbsp;</TD>	<!-- colindex=02 type=lead -->
    <TD width="7%" align="right">&nbsp;</TD>	<!-- colindex=02 type=body -->
    <TD width="1%" align="left">&nbsp;</TD>	<!-- colindex=02 type=hang1 -->
    <TD width="3%">&nbsp;</TD>	<!-- colindex=03 type=gutter -->
    <TD width="1%" align="right">&nbsp;</TD>	<!-- colindex=03 type=lead -->
    <TD width="7%" align="right">&nbsp;</TD>	<!-- colindex=03 type=body -->
    <TD width="1%" align="left">&nbsp;</TD>	<!-- colindex=03 type=hang1 -->
    <TD width="3%">&nbsp;</TD>	<!-- colindex=04 type=gutter -->
    <TD width="1%" align="right">&nbsp;</TD>	<!-- colindex=04 type=lead -->
    <TD width="8%" align="right">&nbsp;</TD>	<!-- colindex=04 type=body -->
    <TD width="1%" align="left">&nbsp;</TD>	<!-- colindex=04 type=hang1 -->
    <TD width="3%">&nbsp;</TD>	<!-- colindex=05 type=gutter -->
    <TD width="1%" align="right">&nbsp;</TD>	<!-- colindex=05 type=lead -->
    <TD width="8%" align="right">&nbsp;</TD>	<!-- colindex=05 type=body -->
    <TD width="1%" align="left">&nbsp;</TD>	<!-- colindex=05 type=hang1 -->
</TR>
<!-- Table Width Row END -->
<TR style="font-size: 8pt" valign="bottom" align="center">
<TD nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>ID Cayman<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>ID Cayman<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom" align="center">
<TD nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>Pro Forma<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>Pro Forma<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom" align="center">
<TD nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>as of <BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>as of<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom" align="center">
<TD nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="6" align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    <B>Historical</B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>June&#160;30,<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>June&#160;30,<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom" align="center">
<TD nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>Ideation <BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>SearchMedia<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>2009<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>2009<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom" align="center">
<TD nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>as of <BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>as of <BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>Assuming<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>Assuming<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom" align="center">
<TD nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>June&#160;30,<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>March&#160;31,<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>Maximum<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>Zero<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom" align="center">
<TD nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    <B>2009</B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    <B>2009</B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    <B>Conversion</B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    <B>Conversion</B>
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom" align="center">
<TD nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="14" align="center" valign="bottom">
    <B>(Amounts in thousands except for per share and share
    amounts)</B>
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR style="line-height: 3pt; font-size: 1pt">
<TD>&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Total stockholders&#146; equity
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    51,586
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    7,005
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    63,907
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    125,999
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Book value per share&#160;&#151; basic
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    5.43
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#150;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    4.77
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    5.98
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Weighted average number of shares used in the calculation of
    book value per share&#160;&#151; basic
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    9,500,001
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#150;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    13,393,762
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    21,078,213
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
</TABLE>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">

</DIV>

<P align="center" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <BR>
    75
</DIV><!-- END PAGE WIDTH -->
<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>

<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->
<A name='150'>
<DIV style="margin-top: 18pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">PRICE
    RANGE OF SECURITIES AND DIVIDENDS</FONT></B>
</DIV>
</A>
<A name='151'>
<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">Ideation</FONT></B>
</DIV>

<DIV align="left"><FONT size="1">

</FONT></DIV>
</A>
<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Ideation&#146;s common stock, warrants and units are listed on
    the NYSE Amex under the symbols IDI, IDI.W and IDI.U,
    respectively. The closing price for these securities on
    March&#160;30, 2009, the last trading day before announcement of
    the entering into of the share exchange agreement, was $7.52,
    $0.10, and $7.54, respectively. The closing price for the
    securities on September&#160;28, 2009, the most recent trading
    day before the date of this proxy statement/prospectus, was
    $7.85, $1.60 and $9.25, respectively.
</DIV>

<DIV align="left"><FONT size="1">

</FONT></DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Ideation units commenced public trading on November&#160;20,
    2007, and the common stock and warrants commenced public trading
    separately on December&#160;26, 2007.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    The table below sets forth, for the periods indicated, the high
    and low bid prices for the securities as reported on the NYSE
    Amex in U.S.&#160;dollars. These quotations reflect inter-dealer
    prices, without markup, markdown or commissions, and may not
    represent actual transactions.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left"><FONT size="1">

</FONT></DIV>

<TABLE border="0" width="100%" align="center" cellpadding="0" cellspacing="0" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
<!-- Table Width Row BEGIN -->
<TR style="font-size: 1pt" valign="bottom">
    <TD width="59%">&nbsp;</TD>	<!-- colindex=01 type=maindata -->
    <TD width="2%">&nbsp;</TD>	<!-- colindex=02 type=gutter -->
    <TD width="1%" align="right">&nbsp;</TD>	<!-- colindex=02 type=lead -->
    <TD width="2%" align="right">&nbsp;</TD>	<!-- colindex=02 type=body -->
    <TD width="1%" align="left">&nbsp;</TD>	<!-- colindex=02 type=hang1 -->
    <TD width="3%">&nbsp;</TD>	<!-- colindex=03 type=gutter -->
    <TD width="1%" align="right">&nbsp;</TD>	<!-- colindex=03 type=lead -->
    <TD width="2%" align="right">&nbsp;</TD>	<!-- colindex=03 type=body -->
    <TD width="1%" align="left">&nbsp;</TD>	<!-- colindex=03 type=hang1 -->
    <TD width="3%">&nbsp;</TD>	<!-- colindex=04 type=gutter -->
    <TD width="1%" align="right">&nbsp;</TD>	<!-- colindex=04 type=lead -->
    <TD width="2%" align="right">&nbsp;</TD>	<!-- colindex=04 type=body -->
    <TD width="1%" align="left">&nbsp;</TD>	<!-- colindex=04 type=hang1 -->
    <TD width="3%">&nbsp;</TD>	<!-- colindex=05 type=gutter -->
    <TD width="1%" align="right">&nbsp;</TD>	<!-- colindex=05 type=lead -->
    <TD width="2%" align="right">&nbsp;</TD>	<!-- colindex=05 type=body -->
    <TD width="1%" align="left">&nbsp;</TD>	<!-- colindex=05 type=hang1 -->
    <TD width="3%">&nbsp;</TD>	<!-- colindex=06 type=gutter -->
    <TD width="1%" align="right">&nbsp;</TD>	<!-- colindex=06 type=lead -->
    <TD width="2%" align="right">&nbsp;</TD>	<!-- colindex=06 type=body -->
    <TD width="1%" align="left">&nbsp;</TD>	<!-- colindex=06 type=hang1 -->
    <TD width="3%">&nbsp;</TD>	<!-- colindex=07 type=gutter -->
    <TD width="1%" align="right">&nbsp;</TD>	<!-- colindex=07 type=lead -->
    <TD width="2%" align="right">&nbsp;</TD>	<!-- colindex=07 type=body -->
    <TD width="1%" align="left">&nbsp;</TD>	<!-- colindex=07 type=hang1 -->
</TR>
<!-- Table Width Row END -->
<TR style="font-size: 8pt" valign="bottom" align="center">
<TD nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="6" align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    <B>Units</B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="6" align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    <B>Common Stock</B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="6" align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    <B>Warrants</B>
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom" align="center">
<TD nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    <B>High</B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    <B>Low</B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    <B>High</B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    <B>Low</B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    <B>High</B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    <B>Low</B>
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR style="line-height: 3pt; font-size: 1pt">
<TD>&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    <B>2007</B>
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    November 20 through December&#160;31, 2007
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    8.01
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    7.85
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    7.20
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    7.20
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    0.70
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    0.70
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    <B>2008</B>
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    First Quarter
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    7.90
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    7.30
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    7.10
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    7.10
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    0.70
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    0.35
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Second Quarter
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    7.85
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    7.35
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    7.11
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    7.11
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    0.40
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    0.29
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Third Quarter
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    8.10
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    7.25
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    8.10
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    7.15
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    0.44
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    0.25
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Fourth Quarter
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    7.20
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    6.85
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    7.20
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    6.75
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    0.71
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    0.03
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    <B>2009</B>
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    First Quarter
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    7.70
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    7.17
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    7.55
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    7.18
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    0.15
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    0.03
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Second Quarter
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    8.72
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    7.41
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    7.86
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    7.50
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    0.69
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    0.11
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Third Quarter (through September&#160;28, 2009)
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    9.55
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    8.15
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    7.99
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    7.69
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    1.60
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    0.48
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
</TABLE>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">

</DIV>

<DIV align="left"><FONT size="1">

</FONT></DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    After the redomestication and business combination, Ideation
    intends to reapply to the NYSE Amex in order for the ordinary
    shares, warrants and units of ID Cayman to maintain their
    listing on the NYSE Amex. It is unclear whether ID Cayman will
    meet the minimum number of holders requirement for continued
    listing on the NYSE Amex and as a result, NYSE Amex may delist
    ID Cayman&#146;s securities from quotation on its exchange,
    which could limit investors&#146; ability to make transactions
    in ID Cayman&#146;s securities.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <I>Holders of Ideation.</I>&#160;&#160;As of October&#160;2,
    2009, the record date for the special meeting, there were, of
    record,&#160;&#160;&#160;&#160;&#160; holders of common stock,
    twelve holders of warrants and one holder of units.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <I>Dividends.</I>&#160;&#160;Ideation has not paid any dividends
    on its common stock to date and does not intend to pay dividends
    prior to the completion of a business combination.
</DIV>
<A name='152'>
<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">SearchMedia</FONT></B>
</DIV>
</A>
<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    SearchMedia securities are not publicly traded. SearchMedia has
    not paid any dividends on its common stock to date and does not
    intend to pay dividends prior to the completion of a business
    combination.
</DIV>

<P align="center" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <BR>
    76
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<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->
<A name='153'>
<DIV style="margin-top: 18pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">THE
    IDEATION SPECIAL MEETING</FONT></B>
</DIV>
</A>
<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Ideation is furnishing this proxy statement/prospectus to its
    stockholders as part of the solicitation of proxies by its board
    of directors for use at the special meeting in connection with
    the proposed redomestication of Ideation to the Cayman Islands
    and the proposed business combination with SearchMedia. This
    document provides you with the information you need to know to
    be able to vote or instruct your vote to be cast at the special
    meeting.
</DIV>


<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <B>Date, Time and Place.</B>&#160;&#160;Ideation will hold the
    special meeting at 8:30 am, Eastern time, on October&#160;27,
    2009, at Akerman Senterfitt, One Southeast
    3<SUP style="font-size: 85%; vertical-align: top">rd</SUP>

    Avenue, Miami, Florida 33131, to vote on the proposals set forth
    below.
</DIV>


<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <B>Purpose.</B>&#160;&#160;At the special meeting, holders of
    Ideation&#146;s common stock will be asked to approve:
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    1.&#160;<I>Charter Amendment Proposal&#160;&#151;&#160;</I>The
    common stockholders will be asked to approve an amendment to
    Section&#160;D of Article Sixth of Ideation&#146;s Amended and
    Restated Certificate of Incorporation to provide conversion
    rights to holders of IPO Shares upon approval of the business
    combination, regardless of whether such holder votes for or
    against the business combination. If you vote <B>&#147;FOR&#148;
    </B>this proposal you will be voting to provide all stockholders
    holding IPO Shares who vote such shares either for or against
    the business combination the right to convert those shares into
    cash, if the business combination is approved, rather than
    limiting conversions only to those holders of IPO Shares voting
    against the business combination.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    2.&#160;<I>Redomestication Proposal&#160;&#151;&#160;</I>The
    common stockholders will be asked to approve the corporate
    redomestication of Ideation that would result in holders of
    Ideation securities holding securities in a Cayman Islands
    exempted company rather than a Delaware corporation. If you vote
    <B>&#147;FOR&#148;</B> the approval of this proposal, you will
    be voting as an Ideation stockholder to authorize the merger of
    Ideation with and into ID Arizona and you will be voting to
    authorize the Ideation board of directors to complete the
    conversion and continuation of ID Arizona into a Cayman Islands
    exempted company.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    3.&#160;<I>Business Combination Proposal</I>&#160;&#151; The
    common stockholders will be asked to approve the share exchange
    included in the share exchange agreement. If you vote
    <B>&#147;FOR&#148;</B> the approval of this proposal, you will
    be voting to authorize the ID Cayman board of directors to
    complete the share exchange, as the share exchange will not take
    effect unless and until Ideation&#146;s corporate domicile
    becomes the Cayman Islands.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    4.&#160;<I>Share Increase Proposal&#160;&#151;&#160;</I>The
    common stockholders will be asked to approve the authorization
    in ID Cayman&#146;s Memorandum of Association of 1,000,000,000
    ordinary shares and 10,000,000 preferred shares, as compared to
    50,000,000&#160;shares of common stock and 1,000,000&#160;shares
    of preferred stock currently authorized in Ideation&#146;s
    Amended and Restated Certificate of Incorporation, as agreed
    upon in the share exchange agreement.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    5.&#160;<I>Declassification Proposal&#160;&#151;&#160;</I>The
    common stockholders will be asked to approve in ID Cayman&#146;s
    Memorandum of Association the elimination of the classified
    board currently authorized in Ideation&#146;s Amended and
    Restated Certificate of Incorporation, as agreed upon in the
    share exchange agreement.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    6.&#160;<I>Amendment Proposal</I>&#160;&#151; The common
    stockholders will be asked to approve in ID Cayman&#146;s
    Memorandum of Association a provision providing that the
    amendment of either of ID Cayman&#146;s Memorandum of
    Association or Articles of Association will require a vote of
    two-thirds of its shareholders voting in person or by proxy at a
    meeting, as compared to the vote of a majority of the
    outstanding stock as set forth in Ideation&#146;s Amended and
    Restated Certificate of Incorporation.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    7.&#160;<I>Shareholder Consent Proposal</I>&#160;&#151; The
    common stockholders will be asked to approve in ID Cayman&#146;s
    Articles of Association a provision providing that the ID Cayman
    shareholders may pass resolutions without holding a meeting only
    if such resolutions are passed by a unanimous written resolution
    signed by all of the shareholders entitled to vote, as opposed
    to the provisions in Ideation&#146;s
</DIV>

<P align="center" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <BR>
    77
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<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->


<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
     Amended and Restated Certificate of Incorporation that provide
    that stockholders may not take action without a meeting.
</DIV>


<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    8.&#160;<I>Corporate Existence Proposal</I>&#151;&#160;The
    common stockholders will be asked to approve a provision in ID
    Cayman&#146;s Memorandum of Association providing for the
    perpetual existence of ID Cayman, as compared to a provision
    providing for the termination of Ideation&#146;s existence on
    November&#160;19, 2009 as set forth in the Amended and Restated
    Certification of Incorporation.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <I>9.&#160;Share Incentive Plan Proposal</I>&#160;&#151; The
    common stockholders are asked to approve the Amended and
    Restated 2008 Share Incentive Plan.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    10.&#160;<I>Adjournment Proposal&#160;&#151;&#160;</I>The common
    stockholders may be asked to approve an adjournment or
    postponement of the special meeting for the purpose of
    soliciting additional proxies.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Pursuant to the share exchange agreement, the business
    combination will not be consummated unless the Charter Amendment
    Proposal, the Redomestication Proposal, the Share Increase
    Proposal, the Declassification Proposal, the Amendment Proposal,
    the Shareholder Consent Proposal and the Corporate Existence
    Proposal are each approved, and the redomestication will not be
    consummated unless the Business Combination Proposal is approved.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    The Ideation board of directors has unanimously determined that
    the redomestication, the business combination, and the
    transactions relating thereto are fair to and in the best
    interests of Ideation and its stockholders, approved and
    declared each of them advisable, adopted resolutions approving
    the merger and setting forth the terms thereof, and recommends
    that Ideation stockholders vote <B>&#147;FOR&#148;</B>
    (a)&#160;the Charter Amendment Proposal, (b)&#160;the
    Redomestication Proposal, (c)&#160;the Business Combination
    Proposal, (d)&#160;the Share Increase Proposal, (e)&#160;the
    Declassification Proposal, (f)&#160;the Amendment Proposal,
    (g)&#160;the Shareholder Consent Proposal, (h)&#160;the
    Corporate Existence Proposal, (i)&#160;the Share Incentive Plan
    Proposal, and (j)&#160;the Adjournment Proposal. The board of
    directors has also determined that the fair market value of
    SearchMedia is at least 80% of Ideation&#146;s net assets, which
    is necessary to satisfy the provisions of its Amended and
    Restated Certificate of Incorporation enabling it to consummate
    the business combination.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    The special meeting has been called only to consider approval of
    the Charter Amendment Proposal, the Redomestication Proposal,
    the Business Combination Proposal, the Share Increase Proposal,
    the Declassification Proposal, the Amendment Proposal, the
    Shareholder Consent Proposal, the Corporate Existence Proposal,
    the Share Incentive Plan Proposal and the Adjournment Proposal.
    Under Delaware law and Ideation&#146;s bylaws, no other business
    may be transacted at the special meeting.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <B>Record Date; Who Is Entitled to Vote.</B>&#160;&#160;The
    record date for the special meeting is October&#160;2, 2009.
    Record holders of Ideation common stock at the close of business
    on the record date are entitled to vote or have their votes cast
    at the special meeting. On the record date, there were
    12,500,000 outstanding shares of Ideation common stock. Each
    share of common stock is entitled to one vote per proposal at
    the special meeting. Ideation&#146;s warrants do not have voting
    rights.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Ideation stockholders are being asked to approve actions that
    will be taken by ID Cayman, including the entry into of the
    business combination and related transactions, as
    Ideation&#146;s Amended and Restated Certificate of
    Incorporation requires that the majority of the shares of common
    stock voted by the public stockholders (which is defined as the
    holders of common stock sold as part of the units in
    Ideation&#146;s IPO or in the aftermarket) approve its business
    combination with SearchMedia and as the business combination
    will not take effect unless and until Ideation&#146;s corporate
    domicile becomes the Cayman Islands.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <B>Vote Required.</B>&#160;&#160;Approval of the Charter
    Amendment Proposal, the Redomestication Proposal, the Share
    Increase Proposal, the Declassification Proposal, the Amendment
    Proposal, the Shareholder Consent Proposal, the Corporate
    Existence Proposal and the Share Incentive Plan Proposal will
    require the affirmative vote of a majority in voting power of
    the outstanding shares of Ideation&#146;s common stock.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Approval of the Business Combination Proposal requires
    (1)&#160;approval by a majority of the IPO Shares  voted at a
    duly held stockholders meeting in person or by proxy,
    (2)&#160;approval by a majority of the votes cast
</DIV>

<P align="center" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <BR>
    78
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<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    on the proposal, and (3)&#160;fewer than 30% of the stockholders
    owning IPO Shares both (a)&#160;voting against the business
    combination and (b)&#160;exercising their rights to convert
    their IPO Shares to cash.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Approval of the Adjournment Proposal requires the affirmative
    vote of the holders of a majority in voting power of
    Ideation&#146;s common stock, present in person or by a proxy at
    the special meeting and entitled to vote thereon.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Pursuant to the share exchange agreement, it is a condition to
    the obligation of the parties to consummate the business
    combination that each of the Charter Amendment Proposal, the
    Redomestication Proposal, the Share Increase Proposal, the
    Declassification Proposal, the Amendment Proposal, the
    Shareholder Consent Proposal and the Corporate Existence
    Proposal be approved by Ideation stockholders. If the Business
    Combination Proposal is approved, but any of the Charter
    Amendment Proposal, the Redomestication Proposal, the Share
    Increase Proposal, the Declassification Proposal, the Amendment
    Proposal, the Shareholder Consent Proposal, or the Corporate
    Existence Proposal are not approved, Ideation will not complete
    the business combination with SearchMedia. Conversely, if each
    of the Charter Amendment Proposal, the Redomestication Proposal,
    the Share Increase Proposal, the Declassification Proposal, the
    Amendment Proposal, the Shareholder Consent Proposal, and the
    Corporate Existence Proposal is approved, but the Business
    Combination Proposal is not approved, Ideation will not complete
    the redomestication to the Cayman Islands.
</DIV>


<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Through September&#160;21, 2009, Ideation&#146;s officers and
    directors held in the aggregate 3,002,400&#160;shares of
    Ideation common stock. These shares represent approximately
    24.0% of Ideation&#146;s issued and outstanding common stock. Of
    these, 2,315,500 shares were acquired before Ideation&#146;s IPO
    and must be voted on the Business Combination Proposal in
    accordance with the majority of the IPO Shares. Ideation&#146;s
    officers and directors intend to vote all other shares of
    Ideation common stock held by them in favor of the Business
    Combination Proposal. In addition, Ideation&#146;s officers and
    directors intend to vote all shares held by them, including
    shares acquired before our IPO, in favor of all the other
    proposals set forth in this proxy statement/prospectus. If
    Ideation&#146;s directors and executive officers or their
    affiliates purchase additional shares in advance of the special
    meeting, the decision to purchase such shares would be based on
    factors such as the likelihood of approval or disapproval of the
    proposals, the number of shares of common stock for which
    conversion may be requested and the financial resources
    available to such prospective purchasers. Any such shares
    acquired will be voted in favor of all the proposals set forth
    in this proxy statement/prospectus. None of Ideation&#146;s
    executive officers or directors will elect conversion of their
    shares in connection with voting for the Business Combination
    Proposal.
</DIV>


<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <B>Abstentions; Broker Non-Votes.</B>&#160;&#160;Abstaining from
    voting or not voting on a proposal (including broker non-votes
    which are described in the next paragraph), either in person or
    by proxy or voting instruction, will not have an effect on the
    vote relating to the Business Combination Proposal, since NYSE
    Amex rules provide that only votes cast at the meeting will
    count toward the vote on the Business Combination Proposal. In
    addition, an abstention will not count toward the 30% or fewer
    shares of common stock voting &#147;against and converting&#148;
    that would result in the business combination&#146;s
    termination, and you would be unable to exercise any conversion
    rights upon approval of the business combination. Similarly, a
    broker non-vote will have no effect on the Adjournment Proposal
    vote. An abstention will have the effect of a vote against the
    Adjournment Proposal. With respect to the Charter Amendment
    Proposal, the Redomestication Proposal, the Share Increase
    Proposal, the Declassification Proposal, the Amendment Proposal,
    the Shareholder Consent Proposal, the Corporate Existence
    Proposal and the Share Incentive Plan Proposal, an abstention or
    a broker non-vote will have the same effect as a vote against
    the proposal.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    A broker non-vote occurs when a broker submits a proxy card with
    respect to shares held in a fiduciary capacity (typically
    referred to as being held in &#147;street name&#148;) but
    declines to vote on a particular matter because the broker has
    not received voting instructions from the beneficial owner and
    does not have discretionary authority to vote on the proposal.
    Under the rules that govern brokers who are voting with respect
    to shares held in street name, brokers have the discretion to
    vote such shares on routine matters, but not on non-routine
    matters. The matters currently planned to be considered by the
    stockholders are not routine matters. As a result, brokers can
    only vote the Ideation common shares if they have instructions
    to do so.
</DIV>

<P align="center" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <BR>
    79
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<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Broker non-votes will not be counted in determining whether the
    Business Combination Proposal or the Adjournment Proposal to be
    considered at the meeting are approved, but will have the effect
    of a vote against the Charter Amendment Proposal, the
    Redomestication Proposal, the Share Increase Proposal, the
    Declassification Proposal, the Amendment Proposal, the
    Shareholder Consent Proposal, the Corporate Existence Proposal
    and the Share Incentive Plan Proposal.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Holders of IPO Shares who abstain from voting their IPO Shares
    on the business combination or do not provide their brokers with
    instructions to vote for or against the business combination
    will not be entitled to convert their IPO Shares to cash if the
    business combination is approved.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <B>Voting Your Shares.</B>&#160;&#160;Each share of common stock
    that you own in your name entitles you to one vote per proposal.
    Your proxy card shows the number of shares you own.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    There are two ways for holders of record to have their shares
    represented and voted at the special meeting:
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <I>By signing and returning the enclosed proxy
    card.</I>&#160;&#160;If you duly sign and return a proxy card,
    your &#147;proxy,&#148; whose names are listed on the proxy
    card, will vote your shares as you instruct on the card. If you
    sign and return the proxy card, but do not give instructions on
    how to vote your shares, your shares will be voted as
    recommended by the Ideation board of directors, which is
    <B>&#147;FOR&#148;</B> approval of each proposal.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <I>You can attend the special meeting and vote in
    person.</I>&#160;&#160;We will give you a ballot when you
    arrive. However, if your shares are held in the &#147;street
    name&#148; of your broker, bank or another nominee, you must get
    a proxy from the broker, bank or other nominee. That is the only
    way we can be sure that the broker, bank or nominee has not
    already voted your shares.
</DIV>


<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <B>Conversion Rights.</B>&#160;&#160;If the business combination
    is approved and completed, any stockholder holding IPO Shares
    who properly demands conversion of those shares will be entitled
    to convert those shares to cash, whether such stockholder voted
    for or against the Business Combination Proposal. Stockholders
    who properly demand conversion of their IPO Shares will receive
    $7.8815 per share, which represents the trust conversion value
    at June&#160;30, 2009.
</DIV>



<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    To properly demand conversion of your IPO Shares, you must:
</DIV>



<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (1)&#160;vote those shares, in person or by proxy, either
    &#147;<B>FOR</B>&#148; or &#147;<B>AGAINST</B>&#148; the
    business combination;
</DIV>



<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (2)&#160;affirmatively request conversion of those shares by
    marking the appropriate box on your proxy card, voting
    instruction form, or ballot;&#160;and
</DIV>



<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (3)&#160;deliver, or instruct your bank or broker to deliver,
    your IPO Shares to Ideation&#146;s transfer agent before the
    special meeting.
</DIV>



<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Stockholders holding IPO Shares who abstain or do not vote their
    IPO Shares on the business combination will forfeit their right
    to convert those shares if the business combination is approved.
    Both of the Charter Amendment Proposal and the Redomestication
    Proposal must be approved in order to complete the business
    combination and, as such, the vote to approve the business
    combination will not occur unless both the Charter Amendment
    Proposal and the Redomestication Proposal are approved.
</DIV>



<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    If the business combination is not approved and completed, then
    no conversion rights will be available at this time.
    Ideation&#146;s Amended and Restated Certificate of
    Incorporation provides that if a business combination is not
    completed by November&#160;19, 2009, Ideation will be
    liquidated. If Ideation liquidates on November&#160;19, 2009,
    holders of IPO Shares will receive $7.8815 per share, which
    represents the trust liquidation value at June&#160;30, 2009.
</DIV>



<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    In connection with an election to convert your IPO Shares for
    cash, you must either physically deliver your stock certificates
    to Ideation&#146;s transfer agent before the special meeting
    combination or deliver your shares of common stock to the
    transfer agent electronically using The Depository
    Trust&#160;Company&#146;s DWAC
</DIV>


<P align="center" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <BR>
    80
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<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->


<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
     System. How you deliver your shares would likely be determined
    based on the manner in which you hold your shares.
</DIV>



<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Traditionally, in order to perfect conversion rights in
    connection with a blank check company&#146;s business
    combination, a holder could vote against a proposed business
    combination and check a box on the proxy card indicating such
    holder was seeking to exercise such holder&#146;s conversion
    rights. After the business combination was approved, the company
    would contact such stockholder to arrange for it to deliver its
    certificate to verify ownership. As a result, the stockholder
    then had an &#147;option window&#148; after the consummation of
    the business combination during which it could monitor the price
    of the stock in the market. If the price rose above the
    conversion price, it could sell its shares in the open market
    before actually delivering its shares to the company for
    cancellation in consideration for the conversion price. Thus,
    the conversion right, to which stockholders were aware they
    needed to commit before the stockholder meeting, would become a
    &#147;put&#148; right surviving past the consummation of the
    business combination until the converting holder delivered its
    certificate. The requirement for physical or electronic delivery
    before the special meeting ensures that a converting
    holder&#146;s election to convert is irrevocable once the
    business combination is approved.
</DIV>



<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Before exercising conversion rights, Ideation stockholders
    should verify the market price of Ideation&#146;s common stock,
    as they may receive higher proceeds from the sale of their
    shares in the public market than from exercising their
    conversion rights. The closing price of Ideation&#146;s common
    stock on October&#160;2, 2009 was $&#160;&#160; and the amount
    of cash held in the IPO trust account on June&#160;30, 2009 was
    approximately $78,815,000. If a stockholder would have elected
    to exercise conversion rights on such date, he or she would have
    been entitled to receive approximately $7.8815&#160;per share.
</DIV>



<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <B>Conversion Procedures.</B>&#160;&#160;To properly demand
    conversion of your IPO Shares, you must:
</DIV>



<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (1)&#160;vote those shares, in person or by proxy, either
    &#147;<B>FOR</B>&#148; or &#147;<B>AGAINST</B>&#148; the
    business combination;
</DIV>



<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (2)&#160;affirmatively request conversion of those shares by
    marking the appropriate box on your proxy card, voting
    instruction form, or ballot;&#160;and
</DIV>



<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (3)&#160;deliver, or instruct your bank or broker to deliver,
    your IPO Shares to Ideation&#146;s transfer agent before the
    special meeting.
</DIV>



<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Ideation stockholders who seek to exercise their conversion
    rights must vote for or against the Business Combination
    Proposal. Abstentions and broker non-votes do not satisfy this
    requirement. Stockholders seeking to exercise their conversion
    rights must also either check the box on the proxy card
    providing for the exercise of conversion rights or submit a
    request in writing to Continental Stock Transfer&#160;&#038;
    Trust&#160;Company, Ideation&#146;s transfer agent, at the
    following address:
</DIV>



<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 10%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Continental Stock Transfer&#160;&#038; Trust&#160;Company
</DIV>



<DIV align="left" style="margin-left: 10%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
     17 Battery Place
</DIV>



<DIV align="left" style="margin-left: 10%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
     New York, New York 10004
</DIV>



<DIV align="left" style="margin-left: 10%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
     Tel:
    <FONT style="white-space: nowrap">(212)&#160;845-3287</FONT>
</DIV>



<DIV align="left" style="margin-left: 10%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
     Fax:
    <FONT style="white-space: nowrap">(212)&#160;616-7616</FONT>
</DIV>



<DIV align="left" style="margin-left: 10%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
     Attention: Mr.&#160;Mark Zimkind
</DIV>



<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Additionally, stockholders demanding conversion must deliver
    their IPO Shares (either physically or electronically through
    Depository Trust&#160;Company) to Ideation&#146;s transfer agent
    prior to the special meeting. It is Ideation&#146;s
    understanding that stockholders should generally allot at least
    two weeks to obtain physical certificates from the transfer
    agent. However, Ideation does not have any control over this
    process and it may take longer than two weeks. Stockholders
    seeking to exercise their conversion rights and opting to
    deliver physical certificates should allot sufficient time to
    obtain physical certificates from the transfer agent.
    Stockholders who hold their IPO Shares in street name will have
    to coordinate with their bank, broker or other nominee to have
    the shares certificated or delivered electronically. IPO Shares
    that have not been tendered (either physically or
    electronically) in accordance with these procedures will not be
    converted into a pro rata portion of the trust account.
</DIV>


<P align="center" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <BR>
    81
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<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->


<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    If a stockholder holding IPO Shares wishes to exercise its
    conversion rights but does not check the box on the proxy card
    providing for the exercise of conversion rights or does not send
    a written request to Ideation&#146;s transfer agent to exercise
    its conversion rights, the stockholder may request Ideation to
    send the stockholder another proxy card on which the stockholder
    may indicate the stockholder&#146;s intended vote.
</DIV>



<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    The stockholder may make such request by contacting
    Morrow&#160;&#038; Co., LLC, Ideation&#146;s proxy solicitor, at:
</DIV>



<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 10%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Morrow&#160;&#038; Co., LLC
</DIV>



<DIV align="left" style="margin-left: 10%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
     470&#160;West Avenue, Stamford, Connecticut 06902
</DIV>



<DIV align="left" style="margin-left: 10%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
     Telephone:
    <FONT style="white-space: nowrap">(800)&#160;662-5200.</FONT>
</DIV>



<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Any request for conversion, once made, may be withdrawn at any
    time until the vote is taken with respect to the Business
    Combination Proposal at the special meeting. Any corrected or
    changed proxy card must be received by Ideation&#146;s proxy
    solicitor prior to the special meeting. Stockholders who have
    delivered their IPO Shares for conversion to Ideation&#146;s
    transfer agent but decide prior to the special meeting not to
    exercise their conversion rights may request that
    Ideation&#146;s transfer agent return the shares (physically or
    electronically). Stockholders may make such request by
    contacting Ideation&#146;s transfer agent, Continental Stock
    Transfer&#160;&#038; Trust, at the phone number or address set
    forth above.
</DIV>



<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    If a stockholder exercise its conversion rights, the IPO Shares
    for which conversion is exercised will cease to be outstanding
    immediately prior to the business combination and will represent
    only the right to receive a pro rata share of the trust account.
    Accordingly, the stockholder will no longer own those IPO Shares.
</DIV>



<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <B>Questions About Voting.</B>&#160;&#160;Ideation has retained
    Morrow &#038; Co. to assist it in the solicitation of proxies.
    If you have any questions about how to vote or direct a vote in
    respect of your shares, you may call Morrow &#038; Co. at
    (800)&#160;662-5200. You may also want to consult your financial
    and other advisors about the vote.
</DIV>


<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <B>Revoking Your Proxy and Changing Your Vote.</B>&#160;&#160;If
    you give a proxy, you may revoke it or change your voting
    instructions at any time before it is exercised by:
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="4%"></TD>
    <TD width="2%"></TD>
    <TD width="94%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    if you have already sent in a proxy, sending another proxy card
    with a later date;
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    if you voted by telephone, calling the same number and following
    the instructions;
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    notifying Ideation in writing before the special meeting that
    you have revoked your proxy;&#160;or
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    attending the special meeting, revoking your proxy and voting in
    person.
</TD>
</TR>

</TABLE>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    If your shares are held in &#147;street name,&#148; consult your
    broker for instructions on how to revoke your proxy or change
    your vote.
</DIV>


<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <B>If you do not vote your shares of Ideation common stock in
    any of the ways described above, it will have the same effect as
    a vote against the adoption of the Charter Amendment Proposal,
    the Redomestication Proposal, the Share Increase Proposal, the
    Declassification Proposal, the Amendment Proposal, the
    Shareholder Consent Proposal, the Corporate Existence Proposal
    and the Share Incentive Plan Proposal, but will not have the
    same effect as a vote against the adoption of the Business
    Combination Proposal or the Adjournment Proposal. If you abstain
    from voting your IPO Shares on the business combination or do
    not provide your broker with instructions to vote your IPO
    Shares for or against the business combination, you will not be
    entitled to convert your IPO Shares into cash if the business
    combination is approved.</B>
</DIV>


<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <B>Solicitation Costs.</B>&#160;&#160;Ideation is soliciting
    proxies on behalf of the Ideation board of directors. Ideation
    will bear all costs and expenses associated with printing and
    mailing this proxy statement/prospectus, as well as all fees
    paid to the SEC. This solicitation is being made by mail, but
    also may be made in person or by telephone or other electronic
    means. Ideation and its respective directors, officers,
    employees and consultants may also solicit proxies in person or
    by mail, telephone or other electronic means. In addition,
    SearchMedia shareholders, officers and directors may solicit
    proxies in person or by mail, telephone or other electronic
</DIV>

<P align="center" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <BR>
    82
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<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    means on Ideation&#146;s behalf. These persons will not receive
    any additional compensation for these solicitation activities.
</DIV>


<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Ideation has retained Morrow &#038; Co. to assist it in
    soliciting proxies. If you have questions about how to vote or
    direct a vote in respect of your shares, you may call Morrow
    &#038; Co. at (800) 662-5200. Ideation has agreed to pay Morrow
    &#038; Co. a fee of $12,500, plus expenses, for its services in
    connection with the special meeting.
</DIV>


<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Ideation will ask banks, brokers and other institutions,
    nominees and fiduciaries to forward its proxy materials to their
    principals and to obtain their authority to execute proxies and
    voting instructions. Ideation will reimburse them for their
    reasonable expenses.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <B>Stock Ownership.</B>&#160;&#160;Information concerning the
    holdings of certain Ideation stockholders is set forth under
    &#147;Beneficial Ownership of Securities.&#148;
</DIV>

<P align="center" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <BR>
    83
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<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->
<A name='350'>
<DIV style="margin-top: 18pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">THE
    CHARTER AMENDMENT PROPOSAL</FONT></B>
</DIV>
</A>
<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Ideation is asking you to approve an amendment to Section&#160;D
    of Article&#160;Sixth of Ideation&#146;s Amended and Restated
    Certificate of Incorporation to provide conversion rights to
    holders of IPO Shares, upon approval of the business
    combination, regardless of whether such holder votes for or
    against the business combination. Under the current
    Section&#160;D of Article&#160;Sixth of Ideation&#146;s Amended
    and Restated Certificate of Incorporation, only those holders of
    IPO Shares who vote against the business combination have the
    right to convert their IPO Shares into cash if the business
    combination is approved and completed. A form of the Certificate
    of Amendment is attached as <U>Annex L</U> to this proxy
    statement/prospectus.
</DIV>

<DIV style="margin-top: 3pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Ideation has received an opinion from special Delaware counsel,
    Richards, Layton&#160;&#038; Finger, P.A., concerning the
    validity of the charter amendment. Based upon the analysis set
    forth in their opinion and subject to the assumptions,
    qualifications, limitations and exceptions set forth in their
    opinion, Richards, Layton&#160;&#038; Finger, P.A. concluded
    that the Certificate of Amendment, if duly adopted by the board
    of directors of Ideation (by vote of the majority of the
    directors present at a meeting at which a quorum is present or,
    alternatively, by unanimous written consent) and duly approved
    by the holders of a majority of the outstanding stock of
    Ideation entitled to vote thereon, all in accordance with
    Section&#160;242(b) of the DGCL, would be valid and effective
    when filed with the Secretary of State in accordance with
    Sections&#160;103 and 242 of the DGCL. A copy of Richards,
    Layton&#160;&#038; Finger, P.A.&#146;s opinion is included as
    <U>Annex&#160;J</U> to this proxy statement/prospectus, and
    stockholders are urged to review it in its entirety.
</DIV>


<DIV style="margin-top: 3pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <I>Reason for the Proposal.</I>&#160;&#160;Ideation believes
    that extending the right to elect conversion to those holders of
    IPO Shares who vote for the business combination will allow
    stockholders holding IPO Shares who vote those shares either for
    or against the business combination the opportunity to either
    (1) continue to hold their IPO Shares, which will convert into
    shares of ID Cayman upon completion of the redomestication and
    the business combination, or (2) elect to convert their IPO
    Shares into cash and receive $7.8815 per IPO Share, based on the
    trust conversion value at June&#160;30, 2009, upon the closing
    of the business combination. Ideation believes approving the
    charter amendment will provide incentive to holders of IPO
    Shares to vote in favor of the business combination, since a
    business combination must be approved in order for a conversion
    to occur before the liquidation of the company. As such,
    Ideation believes holders of IPO Shares who want to convert
    their shares will vote to approve both the charter amendment and
    the business combination in order to obtain the conversion value
    of their IPO Shares in connection with the closing of the
    business combination, rather than having to wait for the
    liquidation of the company.
</DIV>



<DIV style="margin-top: 3pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <I>Effect of the Proposal.</I>&#160;&#160;If the Charter
    Amendment Proposal is approved, and the business combination is
    approved and completed, any stockholder holding IPO Shares may
    convert those shares into cash only if such holder voted those
    shares for or against the Business Combination Proposal and in
    connection with voting such shares affirmatively elected the
    conversion of such shares. It is important to note that the
    charter amendment, if approved, would not change the voting
    standard for a business combination under Ideation&#146;s
    Certificate of Incorporation, in that the business combination
    will not be approved if 30% or more of the holders of IPO Shares
    both vote against the transaction and elect to convert their IPO
    Shares.
</DIV>


<DIV style="margin-top: 3pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    The actual per-share conversion price will equal the amount in
    Ideation&#146;s trust account, inclusive of any interest not
    otherwise payable to Ideation, as of two business days before
    the consummation of the business combination, less taxes
    payable, divided by the number of shares of common stock issued
    in Ideation&#146;s IPO, which, as of June&#160;30, 2009, would
    be $7.8815 per share.
</DIV>


<DIV style="margin-top: 3pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    If the Charter Amendment Proposal is approved, and the business
    combination is completed, to the extent holders of IPO Shares
    convert those shares to cash, there will be a corresponding
    reduction in the amount of funds available in the trust account
    of the combined company following the business combination,
    which will likely result in the working capital of the combined
    company being substantially less than what would have been the
    case had conversion rights remained limited to those holders of
    IPO Shares who voted against the business combination. In
    addition, as a result of the conversions, the combined company
    may have very few public stockholders, which could result in a
    significant impairment in a stockholder&#146;s ability to buy
    and sell shares in the open market. In addition, failure to meet
    the minimum number of holders requirement for continued listing
    could result in the NYSE Amex delisting the combined
    company&#146;s securities from quotation on its exchange, which
    could further adversely impact a stockholder&#146;s ability to
    buy and sell shares.
</DIV>


<P align="center" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <BR>
    84
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<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Approval of the Charter Amendment Proposal requires the
    affirmative vote of holders of a majority of Ideation&#146;s
    outstanding shares of common stock on the record date for the
    special meeting. Abstentions and broker non-votes will have the
    effect of a vote against the proposal. Holders of IPO Shares who
    abstain from voting their IPO Shares on the business combination
    or do not provide their brokers with instructions to vote for or
    against the business combination will not be entitled to convert
    their IPO Shares into cash if the business combination is
    approved.
</DIV>

<DIV style="margin-top: 3pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <I>Conclusion of Ideation&#146;s Board of
    Directors.</I>&#160;&#160;After careful consideration of all
    relevant factors, the Ideation board of directors determined
    that the Charter Amendment Proposal is advisable and in the best
    interests of Ideation and its stockholders. The board of
    directors has approved and declared the Charter Amendment
    Proposal advisable and recommends that you vote or give
    instructions to vote <B>&#147;FOR&#148; </B>the proposal.
</DIV>

<P align="center" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <BR>
    85
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<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->
<A name='154'>
<DIV align="center" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">THE
    REDOMESTICATION PROPOSAL</FONT></B>
</DIV>
</A>
<A name='155'>
<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">General</FONT></B>
</DIV>
</A>
<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    In connection with the business combination, Ideation will
    redomesticate to the Cayman Islands, change its name and
    corporate documents, and reconstitute its board of directors.
    Redomestication to the Cayman Islands is an obligation under the
    share exchange agreement and a condition to consummation of the
    business combination.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    As substantially all of the business operations of SearchMedia
    are conducted outside the United States, Ideation management and
    SearchMedia determined to complete the redomestication as part
    of the business combination and the requirement that the
    redomestication be completed is a condition to closing of the
    business combination. Based on currently available information,
    ID Cayman expects that it will become a foreign private issuer
    upon the consummation of the business combination, which would
    reduce the reporting requirements under the Exchange Act,
    resulting in fewer costs associated with financial and reporting
    compliance. For example, as a foreign private issuer, ID Cayman
    will be exempt from certain provisions applicable to
    U.S.&#160;public companies, including:
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="4%"></TD>
    <TD width="2%"></TD>
    <TD width="94%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    the rules requiring the filing with the SEC of quarterly reports
    on
    <FONT style="white-space: nowrap">Form&#160;10-Q</FONT>
    or current reports on
    <FONT style="white-space: nowrap">Form&#160;8-K;</FONT>
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    the sections of the Exchange Act regulating the solicitation of
    proxies, consents or authorizations with respect to a security
    registered under the Exchange Act;
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    provisions of Regulation&#160;FD aimed at preventing issuers
    from making selective disclosures of material non-public
    information;&#160;and
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    the sections of the Exchange Act requiring insiders to file
    public reports of their stock ownership and trading activities
    and establishing insider liability for profits realized from any
    &#147;short swing&#148; trading transactions, or a purchase and
    sale, or a sale and purchase, of the issuer&#146;s equity
    securities within less than six months.
</TD>
</TR>

</TABLE>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    As a foreign private issuer, ID Cayman will file an annual
    report on
    <FONT style="white-space: nowrap">Form&#160;20-F</FONT>
    within six months of the close of fiscal years 2009 and 2010,
    and within four months of each fiscal year beginning with fiscal
    year 2011, and reports on
    <FONT style="white-space: nowrap">Form&#160;6-K</FONT>
    relating to certain material events promptly after ID Cayman
    publicly announces these events. However, because of the
    foregoing filing exemptions, ID Cayman&#146;s shareholders will
    not be afforded the same protections or information generally
    available to investors holding shares in public companies
    organized in the United States, such as Ideation.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    As a result of the redomestication, Ideation&#146;s corporate
    name will become &#147;SearchMedia Holdings Limited.&#148; As
    all legal rights, benefits, duties and obligations enjoyed,
    owned or owed by Ideation will, by means of the merger and
    conversion statutes in effect in Delaware, Arizona, and the
    Cayman Islands, be enjoyed, owned or owed, as the case may be,
    by ID Cayman following the redomestication, except that such
    rights, duties or obligations will be governed by the law of the
    Cayman Islands as opposed to Delaware, depending upon the issue
    under consideration. As a result, all of the restrictions
    applicable to Ideation&#146;s initial securityholders will
    continue to apply until the consummation of the business
    combination, which will take place immediately following the
    consummation of the redomestication, and certain of which will
    continue to apply following such consummation. Similarly, ID
    Cayman will assume all agreements to which Ideation is currently
    a party, including the warrants originally issued by Ideation.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    The full text of the Memorandum and Articles of Association of
    ID Cayman are attached to this proxy statement/prospectus as
    <U>Annex&#160;B</U>. The discussion of these documents and the
    comparison of rights set forth below are qualified in their
    entirety by reference to this annex. We encourage you to read
    the Memorandum and Articles of Association in their entirety.
</DIV>

<P align="center" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <BR>
    86
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<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->
<A name='156'>
<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">Adoption
    of the Redomestication Proposal</FONT></B>
</DIV>
</A>
<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    The Ideation board of directors has unanimously approved the
    Redomestication Proposal and recommends that Ideation
    stockholders approve&#160;it.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    The affirmative vote of holders of a majority of Ideation&#146;s
    outstanding shares of common stock is required for approval of
    the Redomestication Proposal. Abstentions and broker non-votes
    will have the effect of a vote against the proposal.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    The redomestication will not be consummated if the business
    combination is not approved. The business combination will not
    be consummated if the Redomestication Proposal is not approved.
    As all of Ideation stockholders are voting upon the
    redomestication in connection with their vote upon the business
    combination, and such transactions are cross-conditioned,
    Ideation believes that the consummation of the redomestication
    immediately prior to the business combination does not violate
    Article&#160;Sixth of its Amended and Restated Certificate of
    Incorporation, which prohibits Ideation from amending its
    Certificate of Incorporation prior to consummation of a business
    combination.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    The Ideation board of directors unanimously recommends a vote
    <B>&#147;FOR&#148; </B>the approval of the redomestication.
</DIV>
<A name='157'>
<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">The
    Redomestication</FONT></B>
</DIV>
</A>
<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    The redomestication involves two steps.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    First, Ideation will effect a merger pursuant to which it will
    merge with and into a wholly owned subsidiary incorporated in
    Arizona, ID Arizona. ID Arizona will survive the merger and will
    succeed to Ideation&#146;s assets and liabilities. This merger
    will be effected pursuant to Section&#160;253 of the Delaware
    General Corporation Law and
    <FONT style="white-space: nowrap">10-1107</FONT> of
    the Arizona Revised Statutes. After the merger, Ideation will no
    longer exist.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Second, after the merger described above, ID Arizona will become
    a Cayman Islands exempted company, ID Cayman, pursuant to a
    conversion and continuation procedure under Arizona and Cayman
    Islands law. This procedure allows ID Arizona to become a Cayman
    Islands exempted company while continuing its existence
    uninterrupted and without the need for a merger.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    The redomestication will change Ideation&#146;s domicile from
    Delaware to the Cayman Islands. Also, as a result of the
    redomestication:
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="4%"></TD>
    <TD width="2%"></TD>
    <TD width="94%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    Holders of Ideation units will be issued one ID Arizona unit for
    each Ideation unit held at the time of the Arizona merger,
    which, upon the conversion and continuation of ID Arizona to the
    Cayman Islands, will result in such holders holding one ID
    Cayman unit for each ID Arizona unit held at the time of the
    conversion.
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    Holders of Ideation common stock will be issued one share of ID
    Arizona common stock for each share of Ideation common stock
    held at the time of the Arizona merger, which, upon the
    conversion and continuation of ID Arizona to the Cayman Islands,
    will result in such holders holding one ID Cayman ordinary share
    for each share of ID Arizona common stock held at the time of
    the conversion.
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    Holders of Ideation warrants will be issued one ID Arizona
    warrant for each Ideation warrant held at the time of the
    Arizona merger, which, upon the conversion and continuation of
    ID Arizona to the Cayman Islands, will result in such holders
    holding one ID Cayman warrant for each ID Arizona warrant held
    at the time of the conversion.
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    Holders of the Ideation option to purchase 500,000&#160;units,
    consisting of 500,000&#160;shares of common stock and 500,000
    warrants, will be issued one ID Arizona option to purchase
    500,000&#160;units, consisting of 500,000&#160;shares of common
    stock and 500,000 warrants, which, upon the conversion and
    continuation of ID Arizona to the Cayman Islands, will result in
    such holders holding one ID Cayman option to purchase
    500,000&#160;units, consisting of 500,000 ordinary shares and
    500,000 warrants of ID Cayman.
</TD>
</TR>

</TABLE>

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    <BR>
    87
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<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Upon the issuance of a certificate of registration by way of
    continuance by the Cayman Islands Registrar of Companies, the
    conversion of the Arizona corporation into and its continuance
    as a Cayman Islands exempted company will become effective. At
    the effective time of the continuance, ID Cayman will be
    governed by its Memorandum and the Articles of Association, the
    equivalent of a Certificate of Incorporation and bylaws of a
    United States company, written in compliance with Cayman Islands
    law. Forms of ID Cayman&#146;s Memorandum and Articles of
    Association are attached to this proxy statement/prospectus as
    <U>Annex&#160;B</U>.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    If the Redomestication Proposal and the Business Combination
    Proposal are both approved, the merger of Ideation into the
    Arizona corporation will become effective upon the later of the
    time of filing a certificate of merger with the Delaware
    Secretary of State and the filing of articles of merger with the
    Arizona Corporation Commission unless a later effective time is
    specified in the filings with those states. The conversion of
    the Arizona corporation into and its continuance as a Cayman
    Islands exempted company will become effective upon the issuance
    of a certificate of registration by way of continuance by the
    Cayman Islands Registrar of Companies.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Ideation&#146;s units, common stock and warrants trade on the
    NYSE Amex, formerly known as the American Stock Exchange, under
    the symbols &#147;IDI.U&#148;, &#147;IDI&#148; and
    &#147;IDI.WS&#148;, respectively. Ideation intends to reapply to
    NYSE Amex in order for the ordinary shares, warrants and units
    of ID Cayman to maintain their listing on the NYSE Amex
    following the redomestication. It is unclear whether ID Cayman
    will meet the minimum number of holders requirement for
    continued listing on the NYSE Amex and as a result, the NYSE
    Amex may delist ID Cayman&#146;s securities from quotation on
    its exchange, which could limit investors&#146; ability to make
    transactions in ID Cayman&#146;s securities.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Your percentage ownership of Ideation/ID Cayman will not be
    affected by the redomestication. As part of the business
    combination, however, a substantial number of additional ID
    Cayman shares and warrants will be issued as consideration for
    SearchMedia. As part of the redomestication, ID Cayman will
    assume Ideation&#146;s outstanding warrants on their current
    terms, and will otherwise assume all outstanding obligations of
    Ideation and succeed to those benefits enjoyed by Ideation. The
    business of Ideation, upon the redomestication and completion of
    the business combination, will become that of SearchMedia.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    It will not be necessary to replace current Ideation
    certificates after the redomestication. DO NOT DESTROY YOUR
    CURRENT CERTIFICATES IN THE IDEATION NAME. Issued and
    outstanding Ideation certificates will represent rights in ID
    Cayman. Stockholders may, at their option, submit their stock
    certificates to Ideation&#146;s transfer agent, Continental
    Stock Transfer and Trust&#160;Company, 17 Battery Place, New
    York, New York 10004, (telephone:
    <FONT style="white-space: nowrap">212-509-4000),</FONT>
    for new share certificates and entry into the register of
    members of ID Cayman, subject to normal requirements as to
    proper endorsement, signature guarantee, if required, and
    payment of applicable taxes.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    If you have lost your certificate, you can contact
    Ideation&#146;s transfer agent to have a new certificate issued.
    You may be requested to post a bond or other security to
    reimburse Ideation for any damages or costs if the lost
    certificate is later delivered for sale or transfer.
</DIV>
<A name='158'>
<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">Management
    of ID Cayman</FONT></B>
</DIV>

</A>
<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Upon the consummation of the business combination, the initial
    ID Cayman board of directors will consist of eight directors,
    four of which the SearchMedia shareholders&#146; representatives
    will designate and four of which the Ideation representative
    will designate. Of the four directors designated by each of
    SearchMedia and Ideation (i)&#160;at least two directors
    designated by the Ideation representative and three directors
    designated by the SearchMedia shareholders&#146; representatives
    shall be &#147;independent directors&#148; as defined in the
    rules and regulations of the NYSE Amex and (ii)&#160;at least
    one of the Ideation directors and three of the SearchMedia
    directors shall be non-U.S. citizens. Upon the consummation of
    the business combination, ID Cayman&#146;s directors are
    expected to be Ms.&#160;Qinying Liu, Mr. Earl Yen,
    Mr.&#160;Jianzhong Qu, Mr.&#160;Larry Lu, Mr.&#160;Robert Fried,
    Mr.&#160;Steven&#160;D. Rubin, Mr.&#160;Glenn Halpryn, and
    Mr.&#160;Chi-Chuan Chen. Messrs.&#160;Yen, Qu, Lu, Halpryn, and
    Chen are expected to be independent directors.
</DIV>


<P align="center" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <BR>
    88
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<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->



<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    After the consummation of the business combination, the
    executive officers of ID Cayman will be:
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 8%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Garbo Lee, President;<BR>
    Jennifer Huang, Chief Operating Officer; and<BR>
    Andrew Gormley, Executive Vice President
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    See the section titled &#147;Directors and Executive
    Officers&#148; for biographical information about ID
    Cayman&#146;s directors and executive officers after the
    consummation of the business combination.
</DIV>
<A name='159'>
<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">Differences
    of Stockholder Rights</FONT></B>
</DIV>
</A>
<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    At the effective time of the continuance, the Memorandum and
    Articles of Association of ID Cayman will become the governing
    documents of the continued corporation. Your rights as an
    Ideation stockholder are governed by Delaware law and
    Ideation&#146;s Amended and Restated Certificate of
    Incorporation and bylaws until the completion of the
    redomestication. After the redomestication, you will become a
    shareholder of ID Cayman and your rights will be governed by
    Cayman Islands law and ID Cayman&#146;s Memorandum and Articles
    of Association.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    The principal attributes of Ideation common stock and ID
    Cayman&#146;s ordinary shares will be similar. However, there
    are differences between your rights under Delaware law and
    Cayman Islands law, which is modeled on the laws of England and
    Wales. In addition, there are differences between
    Ideation&#146;s Amended and Restated Certificate of
    Incorporation and bylaws and ID Cayman&#146;s Memorandum and
    Articles of Association. The following discussion is a summary
    of material changes in your rights resulting from the
    redomestication, but does not cover all of the differences
    between Cayman Islands law and Delaware law affecting
    corporations and their shareholders or all the differences
    between Ideation&#146;s Amended and Restated Certificate of
    Incorporation and bylaws and ID Cayman&#146;s Memorandum and
    Articles of Association. ID Cayman believes this summary is
    accurate. You are encouraged to read the complete text of the
    relevant provisions of the Companies Law, the Delaware General
    Corporation Law, Ideation&#146;s Amended and Restated
    Certificate of Incorporation and bylaws and ID Cayman&#146;s
    Memorandum and Articles of Association. Forms of ID
    Cayman&#146;s Memorandum and Articles of Association are
    attached to this proxy statement/prospectus as
    <U>Annex&#160;B</U>.
</DIV>
<A name='328'>
<DIV style="margin-top: 18pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">Shareholder
    Approval of Future Business Combinations</FONT></B>
</DIV>
</A>
<A name='329'>
<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">Ideation</FONT></B>
</DIV>
</A>
<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Under the Delaware General Corporation Law, a merger or
    consolidation involving the corporation, a sale, lease, exchange
    or other disposition of all or substantially all of the property
    of the corporation, or a dissolution of the corporation, is
    generally required to be approved by the holders of a majority
    of the shares outstanding and entitled to vote on the matter,
    unless the charter provides otherwise. In addition, mergers in
    which an acquiring corporation owns 90% or more of the
    outstanding shares of each class of stock of a corporation may
    be completed without the vote of the acquired corporation&#146;s
    stockholders.
</DIV>


<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Unless the Certificate of Incorporation of the surviving
    corporation provides otherwise, Delaware law does not require a
    stockholder vote of the surviving corporation in a merger if:
    (i)&#160;the share exchange agreement does not amend the
    existing Certificate of Incorporation, (ii)&#160;each share of
    stock of the surviving corporation outstanding immediately
    before the transaction is an identical outstanding share after
    the merger, and (iii)&#160;either (x)&#160;no shares of common
    stock of the surviving corporation (and no shares, securities or
    obligations convertible into such stock) are to be issued in the
    merger or (y)&#160;the shares of common stock of the surviving
    corporation to be issued or delivered in the merger (upon
    conversion of any other shares, securities or obligations to be
    issued or delivered in the merger) do not exceed 20% of the
    shares of common stock of the surviving corporation outstanding
    immediately prior to the transaction.
</DIV>


<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    The Amended and Restated Certificate of Incorporation of
    Ideation currently requires Ideation to submit any
    &#147;business combination&#148; to the holders of common stock
    for approval and, in the event a majority of the votes of the
    outstanding shares of common stock cast at the meeting to
    approve the business combination are
</DIV>

<P align="center" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <BR>
    89
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<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->


<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
     voted for the approval of the business combination, Ideation
    shall be authorized to consummate any business combination
    (subject to any additional vote required by law); provided that
    Ideation shall not consummate any business combination if the
    holders of 30% or more of the IPO Shares both vote against the
    business combination and exercise their right to convert their
    shares in connection with the business combination. The term
    &#147;business combination&#148; means the acquisition by
    Ideation, whether by merger, capital stock exchange, asset or
    stock acquisition or other similar type of transaction, of an
    operating business.
</DIV>

<A name='330'>
<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">ID
    Cayman</FONT></B>
</DIV>
</A>
<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    The Companies (Amendment) Law, 2009, in force from May&#160;11,
    2009, introduces a new regime that allows for the merger and
    consolidation of companies under Cayman Islands Law without
    court approval. In addition, the Companies Law also provides for
    a procedure known as a &#147;scheme of arrangement&#148; and
    such arrangement may be proposed for the purpose of or in
    connection with a scheme for the amalgamation of any two or more
    companies. A scheme of arrangement requires the sanction of the
    Cayman Islands court and approval by holders of affected shares
    representing seventy-five percent (75%) in value of the
    shareholders (or class of shareholders) present and voting in
    person or by proxy at the meeting held to consider the
    arrangement. If a scheme of arrangement receives all of the
    necessary consents, all affected shareholders could be compelled
    to sell their shares under the terms of the scheme of
    arrangement sanctioned by the Cayman Islands court.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    In addition, Cayman companies may be acquired by other
    corporations by the direct acquisition of the share capital of
    the Cayman company. The Companies Law provides that, when an
    offer is made for shares or any class of shares of a Cayman
    Islands company and, within four months of the offer, the
    holders of not less than 90% of those shares approve, the
    offeror may, at any time within two months after expiration of
    that four-month period, give notice to the remaining
    shareholders that it desires to acquire such shares. Unless a
    Cayman Islands court orders otherwise following application by a
    shareholder within one month from the date of such notice, the
    offeror shall be entitled and bound to acquire those shares. A
    Cayman Islands exempted company could acquire a Delaware or
    other U.S.&#160;company through the use of a subsidiary.
</DIV>
<A name='161'>
<DIV style="margin-top: 18pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">Special
    Vote Required for Combinations with Interested
    Shareholders</FONT></B>
</DIV>
</A>
<A name='162'>
<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">Ideation</FONT></B>
</DIV>
</A>
<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Section&#160;203 of the Delaware General Corporation Law
    provides a corporation subject to that statute may not engage in
    a business combination with an interested shareholder for a
    period of three years after the time that such person became an
    interested shareholder.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    The prohibition on business combinations with interested
    shareholders does not apply in some cases, including if:
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="4%"></TD>
    <TD width="2%"></TD>
    <TD width="94%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    the board of directors of the corporation, prior to the time
    that such person became an interested shareholder, approved
    either the business combination or the transaction in which the
    shareholder becomes an interested shareholder;
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    the transaction which made the person an interested shareholder
    resulted in the interested shareholder owning at least 85% of
    the voting stock of the corporation outstanding at the time the
    transaction commenced;&#160;or
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    the board of directors and the holders of at least
    66<FONT style="vertical-align: text-top; font-size: 70%;">2</FONT>/<FONT style="font-size: 70%;">3</FONT>%
    of the outstanding voting stock not owned by the interested
    shareholder approved and authorized at an annual or special
    meeting of stockholders, and not by written consent, the
    business combination on or after the time of the transaction in
    which the person became an interested shareholder.
</TD>
</TR>

</TABLE>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    The Delaware General Corporation Law generally defines an
    interested shareholder to include any person who (a)&#160;owns
    15% or more of the outstanding voting stock of the corporation
    or (b)&#160;is an affiliate or associate
</DIV>

<P align="center" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <BR>
    90
</DIV><!-- END PAGE WIDTH -->
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<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    of the corporation and owned 15% or more of the outstanding
    voting stock of the corporation at any time within the previous
    three years, and the affiliates and associates of such person.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    The restrictions on business combinations contained in
    Section&#160;203 will not apply if, among other reasons, the
    corporation elects in its original Certificate of Incorporation
    not to be governed by that section or if the corporation, by
    action of its stockholders, adopts an amendment to its
    Certificate of Incorporation or bylaws expressly electing not to
    be governed by Section&#160;203 (and any such amendment so
    adopted shall be effective immediately in the case of a
    corporation that both has never had a class of voting stock that
    is listed on a national securities exchange or held of record by
    more than 2,000 stockholders).
</DIV>
<A name='163'>
<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">ID
    Cayman</FONT></B>
</DIV>
</A>
<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    There is no provision in the Companies Law equivalent to
    Section&#160;203 of the Delaware General Corporation Law.
</DIV>
<A name='164'>
<DIV style="margin-top: 18pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">Appraisal
    Rights and Compulsory Acquisition</FONT></B>
</DIV>
</A>
<A name='165'>
<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">Ideation</FONT></B>
</DIV>
</A>
<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Under the Delaware General Corporation Law, a shareholder of a
    corporation does not have appraisal rights in connection with a
    merger or consolidation, if, among other things:
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="4%"></TD>
    <TD width="2%"></TD>
    <TD width="94%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    the corporation&#146;s shares are listed on a national
    securities exchange or held of record by more than
    2,000&#160;shareholders;&#160;or
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    the corporation will be the surviving corporation of the merger,
    and no vote of its shareholders is required to approve the
    merger.
</TD>
</TR>

</TABLE>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Notwithstanding the above, a shareholder is entitled to
    appraisal rights in the case of a merger or consolidation
    effected under certain provisions of the Delaware General
    Corporation Law if the shareholder is required to accept in
    exchange for the shares anything other than:
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="4%"></TD>
    <TD width="2%"></TD>
    <TD width="94%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    shares of stock of the corporation surviving or resulting from
    the merger or consolidation;&#160;or
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    shares of stock of any other corporation that on the effective
    date of the merger or consolidation will be either listed on a
    national securities exchange or held of record by more than
    2,000&#160;shareholders.
</TD>
</TR>

</TABLE>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    The Ideation securities are currently listed on the NYSE Amex.
    After the redomestication and business combination, Ideation
    intends to reapply to NYSE Amex in order for the ordinary
    shares, warrants and units of ID Cayman to maintain their
    listing on the NYSE Amex. It is unclear whether ID Cayman will
    meet the minimum number of holders requirement for continued
    listing on the NYSE Amex and as a result, NYSE Amex may delist
    our securities from quotation on its exchange, which could limit
    investors&#146; ability to make transactions in our securities.
</DIV>
<A name='166'>
<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">ID
    Cayman</FONT></B>
</DIV>
</A>
<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    The Companies Law does not specifically provide for appraisal
    rights. However, in connection with the compulsory transfer of
    shares to a 90% shareholder of a Cayman corporation as described
    under &#147;&#151;&#160;Shareholder Approval of Future Business
    Combinations,&#148; a minority shareholder may apply to the
    court within one month of receiving notice of the compulsory
    transfer objecting to that transfer. In these circumstances, the
    burden is on the minority shareholder to show that the court
    should exercise its discretion to prevent the compulsory
    transfer. The court is unlikely to grant any relief in the
    absence of bad faith, fraud, unequal treatment of shareholders
    or collusion as between the offeror and the holders of the
    shares who have accepted the offer as a means of unfairly
    forcing out minority shareholders.
</DIV>

<P align="center" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <BR>
    91
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<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->
<A name='351'>
<DIV style="margin-top: 18pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">Shareholder
    Consent to Action Without a Meeting</FONT></B>
</DIV>
</A>
<A name='167'>
<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">Ideation</FONT></B>
</DIV>
</A>
<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Under the Delaware General Corporation Law, unless otherwise
    provided in the Certificate of Incorporation, any action that is
    required or permitted to be taken at a meeting of the
    shareholders may be taken without a meeting without prior notice
    and without a vote if written consent to the action is signed by
    the holders of outstanding stock having the minimum number of
    votes necessary to authorize or take the action at a meeting of
    the shareholders at which all shares entitled to vote thereon
    were present and voted, and is duly delivered to the
    corporation. Ideation&#146;s Amended and Restated Certificate of
    Incorporation does not restrict its shareholders from taking
    action by written consent.
</DIV>
<A name='168'>
<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">ID
    Cayman</FONT></B>
</DIV>
</A>
<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Article&#160;62 of ID Cayman&#146;s Articles of Association
    provide that the shareholders of the company may pass
    resolutions without holding a meeting if such resolutions of the
    shareholders are passed by a unanimous written resolution signed
    by all of the shareholders entitled to vote.
</DIV>
<A name='169'>
<DIV style="margin-top: 18pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">Special
    Meetings of Shareholders</FONT></B>
</DIV>
</A>
<A name='170'>
<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">Ideation</FONT></B>
</DIV>
</A>
<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Under the Delaware General Corporation Law, a special meeting of
    shareholders may be called by the board of directors or by
    persons authorized in the Certificate of Incorporation or the
    bylaws. Ideation&#146;s Amended and Restated Certificate of
    Incorporation provides that a special meeting of shareholders
    may be called only by a majority of the board of directors of
    Ideation.
</DIV>
<A name='171'>
<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">ID
    Cayman</FONT></B>
</DIV>
</A>
<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Under ID Cayman&#146;s memorandum and articles, an extraordinary
    general meeting of ID Cayman may be called only by the directors
    or by shareholders holding not less than one-third of the issued
    shares of ID Cayman (but only if the directors fail to convene
    such a meeting if requisitioned by such shareholders in
    accordance with the memorandum and articles of association).
</DIV>
<A name='331'>
<DIV style="margin-top: 18pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">Distributions
    and Dividends; Repurchases and Redemptions</FONT></B>
</DIV>
</A>
<A name='332'>
<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">Ideation</FONT></B>
</DIV>
</A>
<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Under the Delaware General Corporation Law, a corporation may
    pay dividends out of surplus and, if there is no surplus, out of
    net profits for the current
    <FONT style="white-space: nowrap">and/or</FONT> the
    preceding fiscal year, unless the capital of the corporation is
    less than the aggregate amount of the capital represented by
    issued and outstanding shares having a preference on asset
    distributions. Surplus is defined in the Delaware General
    Corporation Law as the excess of the &#147;net assets&#148; over
    the amount determined by the board of directors to be capital.
    &#147;Net assets&#148; means the amount by which the total
    assets of the corporation exceed the total liabilities. A
    Delaware corporation may purchase or redeem shares of any class
    except when its capital is impaired or would be impaired by the
    purchase or redemption. A corporation may, however, purchase or
    redeem out of capital its own shares that are entitled upon any
    distribution of its assets to a preference over another class or
    series of its shares, or, if no shares entitled to such a
    preference are outstanding, any of its own shares, if such
    shares will be retired upon their acquisition and the capital of
    the corporation reduced.
</DIV>

<P align="center" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <BR>
    92
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<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->
<A name='333'>
<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">ID
    Cayman</FONT></B>
</DIV>
</A>
<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Under the Companies Law, the board of directors of ID Cayman may
    pay dividends to the ordinary shareholders out of ID
    Cayman&#146;s:
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="4%"></TD>
    <TD width="2%"></TD>
    <TD width="94%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    profits;&#160;or
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    &#147;share premium account,&#148; which represents the excess
    of the price paid to ID Cayman on issue of its shares over the
    par or &#147;nominal&#148; value of those shares, which is
    similar to the U.S.&#160;concept of additional paid in capital.
</TD>
</TR>

</TABLE>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    However, no dividends may be paid from the share premium account
    if, after payment, ID Cayman would not be able to pay its debts
    as they come due in the ordinary course of business.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Under the Companies Law, shares of a Cayman Islands company may
    be redeemed or repurchased out of profits of the company, out of
    the proceeds of a fresh issue of shares made for that purpose or
    out of capital, provided the company&#146;s articles authorize
    this and it has the ability to pay its debts as they come due in
    the ordinary course of business.
</DIV>
<A name='334'>
<DIV style="margin-top: 18pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">Vacancies
    on Board of Directors</FONT></B>
</DIV>
</A>
<A name='335'>
<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">Ideation</FONT></B>
</DIV>
</A>
<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Under the Delaware General Corporation Law, a vacancy or a newly
    created directorship may be filled by a majority of the
    directors then in office, although less than a quorum, or by a
    sole remaining director unless otherwise provided in the
    Certificate of Incorporation or bylaws. Ideation&#146;s Amended
    and Restated Certificate of Incorporation provides that, subject
    to any rights of holders of any series of preferred stock then
    outstanding to elect additional directors, a vacancy or a newly
    created directorship may be filled only by the board of
    directors, provided that a quorum is then in office and present,
    or by a majority of the directors then in office, if less than a
    quorum is then in office, or by the sole remaining director.
</DIV>
<A name='336'>
<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">ID
    Cayman</FONT></B>
</DIV>
</A>
<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    ID Cayman&#146;s articles provide that a vacancy or a newly
    created directorship may be filled by a majority vote of the
    shareholders entitled to vote at a general meeting, or by a
    majority vote of the remaining directors.
</DIV>
<A name='172'>
<DIV style="margin-top: 18pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">Removal
    of Directors; Staggered Term of Directors</FONT></B>
</DIV>
</A>
<A name='173'>
<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">Ideation</FONT></B>
</DIV>
</A>
<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Under the Delaware General Corporation Law, except in the case
    of a corporation with a classified board or with cumulative
    voting, any director or the entire board may be removed, with or
    without cause, by the holders of a majority of the shares
    entitled to vote at an election of directors.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Ideation&#146;s Amended and Restated Certificate of
    Incorporation and Bylaws currently provide that the board of
    directors consists of three classes of directors, with each
    class of directors elected for three-year terms and one class
    coming up for election by the shareholders each year. Under the
    Delaware General Corporation Law, because Ideation has a
    classified board and its Amended and Restated Certificate of
    Incorporation does not provide otherwise, directors of Ideation
    may be removed by the holders of a majority of the shares
    entitled to vote on the election of directors and only for cause.
</DIV>
<A name='174'>
<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">ID
    Cayman</FONT></B>
</DIV>
</A>
<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    ID Cayman&#146;s articles do not provide for a classified board.
    Further, ID Cayman&#146;s articles provide that directors may be
    removed at any time by a special resolution of at least
    two-thirds of the outstanding shareholders.
</DIV>

<P align="center" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <BR>
    93
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<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>

<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->
<A name='175'>
<DIV style="margin-top: 18pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">Inspection
    of Books and Records</FONT></B>
</DIV>
</A>
<A name='176'>
<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">Ideation</FONT></B>
</DIV>
</A>
<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Under the Delaware General Corporation Law, any shareholder may,
    upon written demand, inspect the corporation&#146;s books and
    records for a proper purpose.
</DIV>
<A name='177'>
<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">ID
    Cayman</FONT></B>
</DIV>
</A>
<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Shareholders of a Cayman Islands company have no general rights
    to inspect or obtain copies of the list of shareholders or
    corporate records of a company (other than the register of
    mortgages and charges). The board of directors of ID Cayman may
    establish procedures or conditions regarding these inspection
    rights for the following purposes:
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="4%"></TD>
    <TD width="2%"></TD>
    <TD width="94%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    protecting the interests of ID Cayman;
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    protecting the confidentiality of the information contained in
    those books and records;&#160;or
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    protecting any other interest of ID Cayman that the board of
    directors deems proper.
</TD>
</TR>

</TABLE>
<A name='352'>
<DIV style="margin-top: 18pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">Amendment
    of Governing Documents</FONT></B>
</DIV>
</A>
<A name='178'>
<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">Ideation</FONT></B>
</DIV>
</A>
<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Under the Delaware General Corporation Law, a Certificate of
    Incorporation may be amended if:
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="4%"></TD>
    <TD width="2%"></TD>
    <TD width="94%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    the board of directors adopts a resolution setting forth the
    proposed amendment, declares the advisability of the amendment
    and directs that it be submitted to a vote at a meeting of
    shareholders or calls a special meeting of shareholders entitled
    to vote in respect thereof;&#160;and
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    the holders of at least a majority of shares of stock entitled
    to vote on the matter, and a majority of the outstanding stock
    of each class entitled to vote thereon as a class, approve the
    amendment, unless the Certificate of Incorporation requires the
    vote of a greater number of shares.
</TD>
</TR>

</TABLE>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    In addition, under the Delaware General Corporation Law, the
    holders of the outstanding shares of a class are entitled to
    vote as a class on an amendment, whether or not entitled to vote
    thereon by the Certificate of Incorporation, if the amendment
    would increase or decrease the aggregate number of authorized
    shares of such class, increase or decrease the par value of the
    shares of such class, or alter or change the powers, preferences
    or special rights of the shares of the class so as to affect
    them adversely. Class voting rights do not exist as to other
    extraordinary matters, unless the Certificate of Incorporation
    provides otherwise. Except with respect to the approval of a
    &#147;business combination,&#148; Ideation&#146;s Amended and
    Restated Certificate of Incorporation does not provide
    otherwise. Under the Delaware General Corporation Law, the board
    of directors may amend bylaws if so authorized by the
    Certificate of Incorporation. The shareholders of a Delaware
    corporation (who are entitled to vote) also have the power to
    amend bylaws. Ideation&#146;s Amended and Restated Certificate
    of Incorporation authorizes the board of directors (by the vote
    of a majority of the total number of authorized directors) to
    alter, amend or repeal its bylaws and also provides that the
    shareholders of Ideation may alter, amend or repeal its bylaws
    by the affirmative vote of a majority of the outstanding voting
    stock of Ideation entitled to vote generally in the election of
    directors, voting together as a single class.
</DIV>
<A name='179'>
<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">ID
    Cayman</FONT></B>
</DIV>
</A>
<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Article&#160;153 of ID Cayman&#146;s articles of association
    state that, subject to the Companies Law and to ID Cayman&#146;s
    articles, ID Cayman&#146;s memorandum and articles may only be
    amended by a special resolution of at least two-thirds of the
    outstanding shareholders. ID Cayman&#146;s board of directors
    may not effect amendments to ID Cayman&#146;s articles on its
    own.
</DIV>

<P align="center" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <BR>
    94
</DIV><!-- END PAGE WIDTH -->
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<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>

<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->
<A name='180'>
<DIV style="margin-top: 18pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">Indemnification
    of Directors and Officers</FONT></B>
</DIV>
</A>
<A name='181'>
<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">Ideation</FONT></B>
</DIV>
</A>
<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Delaware law generally permits a corporation to indemnify its
    directors and officers against expenses, judgments, fines and
    amounts paid in settlement actually and reasonably incurred in
    connection with any action, other than an action brought by or
    on behalf of the corporation, and against expenses actually and
    reasonably incurred in the defense or settlement of a derivative
    action, provided that there is a determination that the
    individual acted in good faith and in a manner reasonably
    believed to be in or not opposed to the best interests of the
    corporation. That determination must be made, in the case of an
    individual who is a director or officer at the time of the
    determination:
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="4%"></TD>
    <TD width="2%"></TD>
    <TD width="94%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    by a majority of the disinterested directors, even though less
    than a quorum;
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    by a committee of disinterested directors, designated by a
    majority vote of disinterested directors, even though less than
    a quorum;
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    by independent legal counsel, if there are no disinterested
    directors or if the disinterested directors so direct;&#160;or
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    by a majority vote of the shareholders.
</TD>
</TR>

</TABLE>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Without court approval, however, no indemnification may be made
    in respect of any derivative action in which an individual is
    adjudged liable to the corporation.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Delaware law requires indemnification of directors and officers
    for expenses relating to a successful defense on the merits or
    otherwise of a derivative or third-party action. Delaware law
    permits a corporation to advance expenses relating to the
    defense of any proceeding to directors and officers. With
    respect to officers and directors, the advancement of expenses
    is contingent upon those individuals undertaking to repay any
    advances if it is ultimately determined that such person is not
    entitled to be indemnified by the corporation.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Ideation&#146;s certificate makes indemnification of directors
    and officers and advancement of expenses to defend claims
    against directors and officers mandatory on the part of Ideation
    to the fullest extent permitted by law.
</DIV>


<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Insofar as indemnification for liabilities arising under the
    Securities Act may be permitted to directors, officers or
    persons controlling the registrant pursuant to the foregoing
    provisions, the registrant has been informed that in the opinion
    of the Securities and Exchange Commission such indemnification
    is against public policy as expressed in the Act and is
    therefore unenforceable.
</DIV>

<A name='182'>
<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">ID
    Cayman</FONT></B>
</DIV>
</A>
<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Cayman Islands law does not limit the extent to which a
    company&#146;s articles of association may provide for the
    indemnification of its directors, officers, employees and agents
    except to the extent that such provision may be held by the
    Cayman Islands courts to be contrary to public policy. For
    instance, the provision purporting to provide indemnification
    against the consequences of committing a crime may be deemed
    contrary to public policy. In addition, an officer or director
    may not be indemnified for his or her own fraud, willful neglect
    or willful default.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Article&#160;149 of ID Cayman&#146;s articles of association
    make indemnification of directors and officers and advancement
    of expenses to defend claims against directors and officers
    mandatory on the part of ID Cayman to the fullest extent allowed
    by law.
</DIV>

<P align="center" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <BR>
    95
</DIV><!-- END PAGE WIDTH -->
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<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>

<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->
<A name='183'>
<DIV style="margin-top: 18pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">Limited
    Liability of Directors</FONT></B>
</DIV>
</A>
<A name='184'>
<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">Ideation</FONT></B>
</DIV>
</A>
<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Delaware law permits corporations to adopt a provision limiting
    or eliminating the monetary liability of a director to a
    corporation or its shareholders by reason of a director&#146;s
    breach of the fiduciary duty of care. Delaware law does not
    permit any limitation of the liability of a director for:
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="4%"></TD>
    <TD width="2%"></TD>
    <TD width="94%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    breaching the duty of loyalty to the corporation or its
    shareholders;
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    failing to act in good faith;
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    engaging in intentional misconduct or a known violation of law;
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    obtaining an improper personal benefit from the
    corporation;&#160;or
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    paying a dividend or effecting a stock repurchase or redemption
    that was illegal under applicable law.
</TD>
</TR>

</TABLE>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Ideation&#146;s certificate eliminates the monetary liability of
    a director to the fullest extent permitted by Delaware law.
</DIV>
<A name='185'>
<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">ID
    Cayman</FONT></B>
</DIV>
</A>
<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    The Companies Law has no equivalent provision to Delaware law
    regarding the limitation of director&#146;s liability; however,
    Cayman law will not allow the limitation of a director&#146;s
    liability for his or her own fraud, willful neglect or willful
    default. ID Cayman&#146;s articles closely follow current
    provisions of Delaware law and provide that the directors shall
    have no personal liability to ID Cayman or its shareholders for
    monetary damages for breach of fiduciary duty as a director,
    except in the same circumstances as described for Delaware
    corporations.
</DIV>
<A name='186'>
<DIV style="margin-top: 18pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">Shareholders&#146;
    Suits</FONT></B>
</DIV>
</A>
<A name='187'>
<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">Ideation</FONT></B>
</DIV>
</A>
<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Delaware law requires that the shareholder bringing a derivative
    suit must have been a shareholder at the time of the wrong
    complained of or that the stock was transferred to him by
    operation of law from a person who was such a shareholder.
</DIV>
<A name='188'>
<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">ID
    Cayman</FONT></B>
</DIV>
</A>
<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    The Cayman Islands courts have recognized derivative suits by
    shareholders; however, the consideration of those suits has been
    limited. In this regard, the Cayman Islands courts ordinarily
    would be expected to follow English precedent, which would
    permit a minority shareholder to commence an action against or a
    derivative action in the name of the company only:
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="4%"></TD>
    <TD width="2%"></TD>
    <TD width="94%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    where the act complained of is alleged to be beyond the
    corporate power of the company or illegal;
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    where the act complained of is alleged to constitute a fraud
    against the minority perpetrated by those in control of the
    company;
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    where the act requires approval by a greater percentage of the
    company&#146;s shareholders than actually approved it;&#160;or
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    where there is an absolute necessity to waive the general rule
    that a shareholder may not bring such an action in order that
    there not be a denial of justice or a violation of the
    company&#146;s memorandum of association.
</TD>
</TR>

</TABLE>

<P align="center" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <BR>
    96
</DIV><!-- END PAGE WIDTH -->
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<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>

<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->
<A name='189'>
<DIV style="margin-top: 18pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">Advance
    Notification Requirements for Proposals of
    Shareholders</FONT></B>
</DIV>
</A>
<A name='190'>
<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">Ideation</FONT></B>
</DIV>
</A>
<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Ideation&#146;s bylaws require shareholders wishing to nominate
    directors or propose business for a shareholders&#146; meeting
    to give advance notice to the company. To be timely, a
    stockholders notice must be received not less than 120 calendar
    days in advance of the date in the current fiscal year that
    corresponds to the date in the preceding fiscal year on which
    Ideation&#146;s notice of meeting and proxy statement were
    released to stockholders in connection with the previous
    year&#146;s annual meeting. The notice must also include
    specified information with respect to the stockholder proposing
    the business or making the nomination as well as specified
    information regarding the business proposal or the proposed
    nominee.
</DIV>
<A name='191'>
<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">ID
    Cayman</FONT></B>
</DIV>
</A>
<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    ID Cayman&#146;s articles provide that the nature of any special
    resolution (requiring the vote of at least two-thirds of the
    outstanding shareholders) to be proposed at any general meeting
    of shareholders be set out in the notice convening the general
    meeting.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    The articles of association of ID Cayman provide that at least
    five calendar days&#146; notice must be given for any general
    meeting. The notice must specify the place, the day and the hour
    of the meeting and the general nature of the business,
    <I>provided </I>that a general meeting of ID Cayman shall,
    whether or not the notice has been given and whether or not the
    provisions of the articles regarding general meetings have been
    complied with, be deemed to have been duly convened if it is so
    agreed:
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="4%"></TD>
    <TD width="2%"></TD>
    <TD width="94%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    in the case of an annual general meeting by all the Members (or
    their proxies) entitled to attend and vote thereat;&#160;and
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    in the case of an extraordinary general meeting by Members (or
    their proxies) having a right to attend and vote at the meeting
    and holding not less than seventy-five per cent (75%) in par
    value of the shares giving that right.
</TD>
</TR>

</TABLE>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    The accidental omission to give notice of a meeting to or the
    non-receipt of a notice of a meeting by any Member shall not
    invalidate the proceedings at any meeting.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    The shareholders of ID Cayman would therefore be able to
    nominate directors and propose business for a meeting without
    any period of advance notice:
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="4%"></TD>
    <TD width="2%"></TD>
    <TD width="94%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    at an annual general meeting of the company if all the
    shareholders of the company (or their proxies) entitled to
    attend and vote were present at the meeting and agreed to the
    nomination
    <FONT style="white-space: nowrap">and/or</FONT> the
    business proposal;&#160;and
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    at an extraordinary general meeting of the company if 75% of the
    shareholders of the company (or their proxies) entitled to
    attend and vote, were present at the meeting and agreed to the
    nomination
    <FONT style="white-space: nowrap">and/or</FONT> the
    business proposal.
</TD>
</TR>

</TABLE>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    ID Cayman does not have the ability to exclude any matters from
    the notice convening the meeting under Cayman Islands law.
</DIV>
<A name='192'>
<DIV style="margin-top: 18pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">Cumulative
    Voting</FONT></B>
</DIV>
</A>
<A name='193'>
<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">Ideation</FONT></B>
</DIV>
</A>
<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Under Delaware law, a corporation&#146;s certificate of
    incorporation may provide that at all elections of directors, or
    at elections held under specified circumstances, each
    shareholder is entitled to cumulate the shareholder&#146;s
    votes. Ideation&#146;s Amended and Restated Certificate of
    Incorporation does not provide for cumulative voting for the
    election of directors.
</DIV>

<P align="center" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <BR>
    97
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<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->
<A name='194'>
<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">ID
    Cayman</FONT></B>
</DIV>
</A>
<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    ID Cayman&#146;s articles provide that each shareholder is
    entitled to one vote for each share.
</DIV>
<A name='195'>
<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">Defenses
    Against Hostile Takeovers</FONT></B>
</DIV>
</A>
<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    ID Cayman&#146;s articles provide that directors can be removed
    from office by a special resolution, which is a resolution that
    has been passed by a majority of not less than two-thirds of the
    shareholders, being entitled to do so, voting in person or by
    proxy at a meeting of which notice specifying the intention to
    propose the resolution as a special resolution has been duly
    given. Vacancies on the board of directors may be filled by a
    majority of the remaining directors. Each of these provisions
    can delay a shareholder from obtaining majority representation
    on the board of directors.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    The articles provide that the board of directors will consist of
    at least three and no more than ten directors, the exact number
    to be set from time to time by a majority of the board of
    directors. Accordingly, the board of directors, and not the
    shareholders, has the authority to determine the number of
    directors and could delay any shareholder from obtaining
    majority representation on the board of directors by enlarging
    the board of directors and filling the new vacancies with its
    own nominees until a general meeting at which directors are to
    be appointed.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    The ID Cayman board of directors is authorized, without
    obtaining any vote or consent of the holders of any class or
    series of shares unless expressly provided by the terms of issue
    of a class or series, to, from time to time, issue any other
    classes or series of shares with the designations and relative
    powers, preferences, conversion or other rights, voting powers,
    restrictions, limitations as to dividends or terms or conditions
    of redemption as they consider fit. The ID Cayman board of
    directors could authorize the issuance of preference shares with
    terms and conditions that could discourage a takeover or other
    transaction that holders of some or a majority of the ordinary
    shares might believe to be in their best interests or in which
    holders might receive a premium for their shares over the
    then-market price of the shares. No preference shares have been
    established as of the date of this proxy statement/prospectus.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    As a Cayman incorporated company, ID Cayman is not subject to
    Section&#160;203 of the Delaware General Corporation Law, which
    restricts business combinations with interested shareholders.
</DIV>
<A name='196'>
<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">Rights of
    Minority Stockholders</FONT></B>
</DIV>
</A>
<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Under Cayman law, an acquiring party is generally able to
    acquire compulsorily the ordinary shares of minority holders in
    one of two ways:
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="4%"></TD>
    <TD width="2%"></TD>
    <TD width="94%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    By a procedure under the Companies Law known as a &#147;scheme
    of arrangement.&#148; A scheme of arrangement is made by
    obtaining the consent of the Cayman Islands exempted company,
    the consent of the court and approval of the arrangement by
    holders of affected shares (1)&#160;representing a majority in
    number of the shareholders present at the meeting (or meetings)
    held to consider the arrangement and (2)&#160;holding at least
    75% of all the issued shares of each class of affected
    shareholders other than those held by the acquiring party, if
    any. If a scheme of arrangement receives all necessary consents,
    all holders of affected shares of a company would be compelled
    to sell their shares under the terms of the scheme of
    arrangement.
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    By acquiring, pursuant to a tender offer, 90% of the shares not
    already owned by the acquiring party. If an acquiring party has,
    within four months after the making of an offer for all the
    shares not owned by the acquiring party, obtained the approval
    of not less than 90% of all the shares to which the offer
    relates, the acquiring party may, at any time within two months
    after the end of that four-month period, require any
    non-tendering shareholder to transfer its shares on the same
    terms as the original offer. In those circumstances,
    non-tendering shareholders will be compelled to sell their
    shares, unless within one month from the date on which the
    notice to compulsorily acquire was given to the non-tendering
    shareholder, the non-tendering shareholder is able to convince
    the court to order otherwise.
</TD>
</TR>

</TABLE>

<P align="center" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <BR>
    98
</DIV><!-- END PAGE WIDTH -->
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<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>

<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->
<A name='197'>
<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">Transfer
    of ID Cayman&#146;s Securities Upon Death of Holder</FONT></B>
</DIV>
</A>
<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Under ID Cayman&#146;s articles, the legal representative of a
    deceased sole holder of a share shall be the only person
    recognized by the company as having title to the share. In the
    case of a share registered in the name of two or more holders,
    the survivor or the survivors, or the legal personal
    representative of the deceased holder, shall be the only
    person(s) recognized by the company as having any title to the
    share.
</DIV>
<A name='198'>
<DIV style="margin-top: 18pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">THE
    BUSINESS COMBINATION PROPOSAL</FONT></B>
</DIV>
</A>
<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Ideation was incorporated on June&#160;1, 2007 in order to serve
    as a vehicle for the acquisition of any operating business
    through a merger, capital stock exchange, asset or stock
    acquisition or other similar business combination.
</DIV>
<A name='199'>
<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">General
    Description of the Business Combination</FONT></B>
</DIV>
</A>
<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    The share exchange agreement is incorporated by reference into
    this proxy statement/prospectus. All references to the share
    exchange agreement in this proxy statement/prospectus shall be
    to the share exchange agreement as amended.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    As part of the series of transactions contemplated by the share
    exchange agreement, Ideation established ID Arizona, a wholly
    owned Arizona subsidiary, and will effect a merger, pursuant to
    which it will merge with and into ID Arizona, with ID Arizona
    remaining as the surviving corporation. After the merger, ID
    Arizona will become a Cayman Islands exempted company pursuant
    to a conversion and continuation procedure under Arizona and
    Cayman Islands law. The reorganization will change
    Ideation&#146;s place of incorporation from Delaware to the
    Cayman Islands. We refer to Ideation after this redomestication
    to the Cayman Islands as ID Cayman.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    After completing the redomestication, ID Cayman will complete
    the business combination with the SM Cayman shareholders, in
    which:
</DIV>


<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="4%"></TD>
    <TD width="2%"></TD>
    <TD width="94%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    After giving effect to conversion of the preferred shares of SM
    Cayman, at closing, ID Cayman will acquire 98,652,365 ordinary
    shares of SM Cayman, representing 100% of SM Cayman shares in
    issue.
</TD>
</TR>

</TABLE>



<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="4%"></TD>
    <TD width="2%"></TD>
    <TD width="94%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    SM Cayman shareholders will receive 6,662,727 ordinary shares of
    ID Cayman.
</TD>
</TR>

</TABLE>


<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="4%"></TD>
    <TD width="2%"></TD>
    <TD width="94%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    SM Cayman warrantholders will receive warrants to purchase
    1,519,186 ordinary shares of ID Cayman.
</TD>
</TR>

</TABLE>


<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="4%"></TD>
    <TD width="2%"></TD>
    <TD width="94%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    SM Cayman option holders will receive options to purchase
    566,939 ordinary shares of ID Cayman.
</TD>
</TR>

</TABLE>


<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="4%"></TD>
    <TD width="2%"></TD>
    <TD width="94%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    SM Cayman holders of restricted share awards will receive
    261,179 restricted share awards of ID Cayman.
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    Certain holders of SM Cayman promissory notes will receive
    1,712,874 ordinary shares of ID Cayman and warrants to purchase
    428,219 ordinary shares of ID Cayman.
</TD>
</TR>

</TABLE>


<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Based on the trading price of Ideation common stock at
    September&#160;12, 2009, and using the treasury method to
    account for the warrants, options, and restricted share awards
    to be issued, the aggregate value of the securities to be issued
    as consideration at the closing of the business combination
    (inclusive of the maximum number of earn-out shares to be
    issued) is $157.0&#160;million. Upon the closing of the business
    combination, SM Cayman will be the wholly owned subsidiary of ID
    Cayman.
</DIV>



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    Upon the closing of the business combination, under the treasury
    method and using the trust liquidation value per share of
    $7.8815, assuming no stockholder owning IPO Shares elects to
    convert those shares for cash, the current shareholders of SM
    Cayman are expected to own an aggregate of 39.1% of the basic
    and 37.5% of the fully diluted issued and outstanding shares of
    ID Cayman, assuming no earn-out shares are issued. Assuming the
    maximum number of earn-out shares are issued, the current
    shareholders of SM Cayman are expected to own an aggregate of
    59.0% of the basic and 55.5% of the fully diluted issued and
    outstanding shares of ID Cayman.
</DIV>


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<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Assuming the business combination is approved but all
    stockholders owning IPO Shares, except for The Frost Group, LLC,
    its affiliates and others owning IPO Shares purchased in
    satisfaction of the Sponsor Purchase Commitment Amount, exercise
    their conversion rights, the current shareholders of SM Cayman
    are expected to own an aggregate of 70.0% of the basic and 59.2%
    of the fully diluted issued and outstanding shares of ID Cayman,
    if no earn-out shares are issued. Assuming the maximum number of
    earn-out shares are issued, the current shareholders of SM
    Cayman are expected to own an aggregate of 83.9% of the basic
    and 75.2% of the fully diluted issued and outstanding shares of
    ID Cayman. In each case discussed above, the percentages include
    ID Cayman shares issuable upon the conversion of interim
    financing notes held by CSV, certain affiliates of Ideation, and
    members of SearchMedia&#146;s management team.
</DIV>



<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Upon the closing of the business combination, under the treasury
    method and using the trust liquidation value per share of
    $7.8815, assuming no stockholder owning IPO Shares elects to
    convert those shares to cash, current Ideation stockholders are
    expected to beneficially own 60.9% of the basic and 62.5% of the
    fully diluted issued and outstanding ordinary shares of ID
    Cayman, assuming no earn-out shares are issued. Assuming the
    maximum number of earn-out shares are issued, current Ideation
    stockholders are expected to beneficially own 41.0% of the basic
    and 44.5% of the fully diluted issued and outstanding ordinary
    shares of ID Cayman.
</DIV>



<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Assuming the business combination is approved but all
    stockholders owning IPO Shares, except for The Frost Group, LLC,
    its affiliates and others owning IPO Shares purchased in
    satisfaction of the Sponsor Purchase Commitment Amount, exercise
    their conversion rights, current Ideation stockholders are
    expected to beneficially own 30.0% of the basic and 40.8% of the
    fully diluted issued and outstanding ordinary shares of ID
    Cayman, if no earn-out shares are issued. Assuming the maximum
    number of earn-out shares are issued, current Ideation
    stockholders are expected to beneficially own 16.1% of the basic
    and 24.8% of the fully diluted issued and outstanding ordinary
    shares of ID Cayman.
</DIV>

<A name='200'>
<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

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    <B><FONT style="font-family: 'Times New Roman', Times">Background
    of the Business Combination</FONT></B>
</DIV>
</A>
<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    The terms of the share exchange agreement are the result of
    arm&#146;s-length negotiations between representatives of
    Ideation and SearchMedia. The following is a brief discussion of
    the background of these negotiations, the share exchange
    agreement and related transactions.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Ideation was incorporated on June&#160;1, 2007 in order to serve
    as a vehicle for the acquisition of any operating business
    through a merger, capital stock exchange, asset or stock
    acquisition or other similar business combination. While
    Ideation&#146;s efforts in identifying prospective target
    businesses were not limited to a particular industry, Ideation
    expected to focus on businesses in the digital media sector. The
    registration statement for its IPO of 10,000,000&#160;units,
    each unit consisting of one share of common stock, par value
    $0.0001 per share, and one warrant exercisable for an additional
    share of common stock, was declared effective by the SEC on
    November&#160;19, 2007. On November&#160;26, 2007, Ideation
    completed its IPO at a price of $8.00 per unit. Additionally,
    its initial stockholders purchased an aggregate of 2,400,000
    warrants at a price of $1.00 per warrant ($2.4&#160;million in
    the aggregate), and 2,500,000&#160;shares of common stock for an
    aggregate purchase price of $25,000, in a private placement
    transaction that occurred immediately prior to its IPO.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Ideation received net proceeds of approximately
    $79.1&#160;million from the IPO and the private placement. Of
    those net proceeds, approximately $2.73&#160;million is
    attributable to the portion of the underwriters&#146; discount
    which has been deferred until its consummation of a business
    combination. Lazard Capital Markets LLC and Early Bird Capital,
    Inc., as underwriters of the IPO, will receive the portion of
    the underwriters&#146; discount which has been deferred until
    the consummation of a business combination. Of these net
    proceeds, $78.8&#160;million was deposited into a trust account
    maintained at Continental Stock Transfer&#160;&#038; Trust
    Company and will be held in trust and not released until the
    earlier to occur of (i)&#160;the completion of a business
    combination or (ii)&#160;its liquidation, in which case such
    proceeds will be distributed to its public stockholders. As of
    December&#160;31, 2008, approximately $78,815,000 was held on
    deposit in the trust account.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Following the consummation of its IPO, Ideation began sourcing
    and evaluating prospective businesses regarding potential
    business combinations. Ideation did not limit itself to any one
    sector within the digital media industry. Proactive sourcing
    involved Ideation&#146;s management and Ideation&#146;s
    affiliates, among other
</DIV>

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<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    things: (i)&#160;initiating conversations with companies they
    believed may make attractive combination partners;
    (ii)&#160;attending conferences or other events to scout and
    meet prospective business combination partners;
    (iii)&#160;contacting professional service providers (lawyers,
    accountants, consultants and lenders) for leads;
    (iv)&#160;utilizing their own network of business associates for
    leads; (v)&#160;working with third-party intermediaries,
    including investment bankers; and (vi)&#160;inquiring business
    owners, including private equity and venture capital firms, of
    their interest in selling their business. Reactive sourcing
    involved fielding inquiries or responding to solicitations by
    either (i)&#160;companies looking for capital or investment
    alternatives, or (ii)&#160;investment bankers or other similar
    professionals who represented a company engaged in a sale or
    fund-raising process.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    During this period and prior to execution of the share exchange
    agreement, Ideation considered numerous opportunities and
    identified approximately 122 different companies for potential
    consideration and, as appropriate, reviewed the industry,
    financial fundamentals, management team, and seller willingness
    of each such company. Those efforts resulted in the execution by
    Ideation of ten non-binding term sheets, one of which was with
    SearchMedia.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    In late September to early October 2008, Ideation began
    exploring opportunities in the China region. On October&#160;17,
    2008, Ideation engaged Oppenheimer&#160;&#038; Co. Inc., or
    Oppenheimer, as its exclusive financial advisor in connection
    with a possible acquisition or merger of one or more targets
    with significant media operations in the greater China region.
    Upon consummation of the transaction, Ideation will pay a fee to
    Oppenheimer for financial advisory services in connection with
    the transaction. Ideation decided to look at China because of
    the attractiveness of the Chinese media industry and the
    declining valuation and market opportunities for media companies
    in the United States. The Chinese media industry had
    demonstrated a trend of robust growth that had supported a
    number of successful equity offerings and many additional
    Chinese media companies had been preparing for public offerings
    in the United States before the decline in the U.S.&#160;equity
    markets. Following Ideation&#146;s engagement of Oppenheimer,
    Ideation looked at approximately twenty-three potential targets
    in China, including SearchMedia. Ideation&#146;s initial
    interest in SearchMedia was due to Ideation&#146;s belief that
    SearchMedia has in place a leading market share in the Chinese
    advertising industry, an extensive advertising network across
    various media platforms, a profitable and scalable revenue model
    with low capital expenditure requirements, a large and diverse
    client base with significant brand name recognition, a history
    of organic and acquisitive growth, and a strong experienced
    management team.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    In no case, other than with respect to SearchMedia, did Ideation
    extend a binding acquisition offer. Ten companies received
    non-binding indications of interests and varying levels of due
    diligence attention from Ideation, and Ideation engaged in
    discussions with some of these entities during the period
    between Ideation&#146;s IPO on November&#160;26, 2007 and prior
    to the signing of the share exchange agreement with SearchMedia.
    These entities did not receive a further acquisition offer for
    reasons including lack of interest on behalf of the seller, lack
    of interest on behalf of Ideation, lofty valuation expectations
    in a competitive acquisition environment and a declining credit
    market.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Highlighted below is a detailed chronology of the events leading
    up and subsequent to the execution of the share exchange
    agreement and the amendments to the share exchange agreement.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    On November&#160;3, 2008, Ideation was presented information on
    SearchMedia through the introduction of its financial advisor.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    On November&#160;7, 2008, Ideation signed a confidentiality
    agreement providing access to extensive non-public information
    of SearchMedia.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    On November&#160;12, 2008, Ideation, SearchMedia and
    Ideation&#146;s financial advisor discussed, via conference
    call, SearchMedia&#146;s financial obligations and near- and
    long-term funding requirements.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    On November&#160;13, 2008, Rao Uppaluri, Steven Rubin and Robert
    Fried were introduced over a conference call to Jennifer Huang,
    the then chief financial officer and current chief operating
    officer, Garbo Lee, president, and Earl Yen, a board member, of
    SearchMedia.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    On November&#160;15, 2008, after initial due diligence on
    SearchMedia&#146;s operations and financial information, as well
    as a review of industry public comparisons, Ideation submitted a
    letter of intent, which we refer to as
</DIV>

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    <BR>
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<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    the LOI, to acquire SearchMedia. The LOI contemplated
    (i)&#160;that the valuation of SearchMedia would be determined
    based on publicly-traded comparable companies, and (ii)&#160;a
    portion of the consideration would be paid via an earn-out equal
    to approximately 20% of the total transaction consideration.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    On November&#160;17, 2008, after discussions with
    SearchMedia&#146;s board and management team primarily
    concerning valuation methodology of the transaction, Ideation
    submitted a revised LOI to acquire SearchMedia. The revised LOI
    contemplated (i)&#160;that the valuation of SearchMedia would be
    determined based on comparable publicly-traded companies, and
    (ii)&#160;a portion of the consideration would be paid via an
    earn-out equal to approximately 10% of the total transaction
    consideration.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    On November&#160;18, 2008, the revised LOI was signed by
    SearchMedia.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    On November&#160;24, 2008, Mr.&#160;Uppaluri and Mr.&#160;Rubin,
    and Mr.&#160;Fried via telephone, Akerman Senterfitt,
    Ideation&#146;s legal advisor, and Ideation&#146;s financial
    advisor met with Mr.&#160;Yen and Ms.&#160;Lee at
    Ideation&#146;s offices in Miami, Florida. Ms.&#160;Huang, also
    participated via conference call. The meeting was primarily a
    discussion of SearchMedia&#146;s operations, the overall Chinese
    outdoor advertising industry, and a review of due diligence
    matters related to SearchMedia&#146;s financial and accounting
    matters.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    On November&#160;25, 2008, Ideation&#146;s financial advisor
    visited various media locations on Ideation&#146;s behalf in
    Shanghai.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    From December&#160;3, 2008 to December&#160;5, 2008,
    Messrs.&#160;Fried, Uppaluri, and Rubin and Ideation&#146;s
    financial advisor traveled to SearchMedia&#146;s headquarters in
    Shanghai, China, to meet with the management team, review
    diligence items and tour the facilities. Discussions with
    SearchMedia management included growth in the Chinese
    out-of-home advertising market, industry trends, historical and
    projected financial performance, business segments, competitors,
    recent acquisitions, contract management, and staffing. The
    Ideation team also met with select customers of SearchMedia to
    discuss their experiences with the SearchMedia team and proposed
    advertising budget going forward.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    On December&#160;5, 2008, Ideation circulated a draft share
    exchange agreement.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    On December&#160;15, 2008, Ideation held a meeting of its board
    of directors where it introduced the board members to the
    potential transaction with SearchMedia and apprised them of work
    to date and work remaining on the transaction. There was
    significant discussion about the potential terms, valuation and
    structure of a transaction with SearchMedia, the background of
    the SearchMedia management team, the market opportunity,
    SearchMedia&#146;s strategy, operations, differentiation,
    acquisition opportunities and financials.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    On December&#160;17, 2008, SearchMedia extended the exclusivity
    period with Ideation under the revised LOI signed on November
    18, 2008.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    On December&#160;19, 2008, Ideation, SearchMedia, and
    Ideation&#146;s financial advisor discussed, via conference
    call, SearchMedia&#146;s financial due diligence presentation,
    which included GAAP net income for 2008 and 2009 financials and
    adjustments to the financials for the period ended June&#160;30,
    2008.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    From December 25 to December&#160;29, 2008, Ideation and
    Ideation&#146;s financial advisor discussed (i)&#160;the
    valuation and earn-out structure in the context of the changes
    to SearchMedia&#146;s 2008 and 2009 estimated GAAP net income
    figures, (ii)&#160;shifting more value to the earn-out,
    (iii)&#160;the metric to be used for the earn-out, (iv)&#160;the
    feasibility of using a multi-level payout structure based on net
    income achieved, and (v)&#160;adding a stock price trigger in
    addition to the net income trigger for earn-out payment.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    On December&#160;29, 2008, Ideation, SearchMedia and
    Ideation&#146;s financial advisor discussed, via conference
    call, the earn-out structure, including the concept of a sliding
    scale payout structure proposed by SearchMedia.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    On December&#160;30, 2008, Ideation held a conference call with
    SearchMedia to discuss the proposed structure of the
    transaction, which included discussions on valuation methodology
    and earn-out consideration.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    On January&#160;1, 2009, Ideation, SearchMedia and
    Ideation&#146;s financial advisor discussed, via conference
    call, timing of GAAP audited and reviewed financials and
    SearchMedia&#146;s financial projection model.
</DIV>

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<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    On January&#160;2, 2009, Ideation and Ideation&#146;s financial
    advisor discussed the earn-out and agreed tentatively that the
    earn-out payment should begin at 70% of SearchMedia&#146;s 2009
    estimated GAAP net income figure.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    On February&#160;11, 2009, Jane Hsiao met with Ms.&#160;Lee and
    Mr.&#160;Yen in Taiwan.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    From November 2008 through February 2009, Ideation and Jun He
    Law Offices, a PRC law firm engaged by Ideation, conducted due
    diligence on SearchMedia&#146;s operations, financials,
    management team, and the China outdoor advertising industry.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    From November 2008 through March 2009, Ideation worked with
    Akerman Senterfitt to conduct legal due diligence and to prepare
    the documentation necessary to acquire SearchMedia and satisfy
    the filing requirements of the Securities and Exchange
    Commission,
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    On March 3 and 4, 2009, Messrs.&#160;Fried, Uppaluri and Rubin
    travelled to New York to meet with Ideation&#146;s advisors to
    discuss the structure of the proposed transaction with
    SearchMedia, including up-front valuation, earn-out levels and
    the interim financing needs of SearchMedia.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    On March&#160;9, 2009, Ideation and its financial advisor
    discussed, via conference call, potential interim financing
    alternatives and Ideation and sponsor purchases to support the
    transaction.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Between March 15 and March&#160;28, 2009, Ideation, SearchMedia
    and Ideation&#146;s financial advisor held various conference
    calls to discuss the valuation and earn-out structure as well as
    a potential interim financing that would be provided by certain
    affiliates of Ideation and SearchMedia and potential Ideation
    and Sponsor purchases to support the transaction. During these
    discussions, SearchMedia revised its 2009 estimated GAAP net
    income to reflect management&#146;s current market outlook based
    on the changing operating environment. The revised financial
    projections were within the previously proposed earn-out range,
    which was left unchanged. Additionally, a final agreement was
    made on (i)&#160;valuation based on an appropriate discount of
    the price-to-earnings ratios of comparable companies and
    (ii)&#160;an earn-out structure with payout based on achieved
    net income within the range of the 2009 estimated GAAP net
    income.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    At a meeting of Ideation&#146;s board of directors held on
    March&#160;18, 2009, Ideation management provided further
    updates on the status, structure and diligence regarding the
    pending transaction with SearchMedia, including a proposed
    $3.50&#160;million interim financing to be provided by certain
    affiliates of Ideation and SearchMedia.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    On March&#160;18 and March&#160;19, 2009, SearchMedia received
    interim financing of $1.75&#160;million from Frost Gamma
    Investments Trust, Mr.&#160;Fried, Mr.&#160;Uppaluri, and
    others, and interim financing of $1.75&#160;million from CSV and
    members of SearchMedia&#146;s management team. This financing
    was requested by SearchMedia in order to fund working capital
    requirements until the closing of the transactions contemplated
    by the share exchange agreement. The affiliates of Ideation set
    forth above participated in such financing in order to
    demonstrate support for the transactions contemplated by the
    share exchange agreement. Each interim note accrues interest at
    a rate of 12% per annum, which rate will increase to 20% per
    annum after the maturity date of such note. Each note will
    mature upon the earliest of: (i)&#160;the closing of a
    Series&#160;D financing by SM Cayman, (ii)&#160;the closing of
    the transactions contemplated by the share exchange agreement,
    and (iii)&#160;the termination of the share exchange agreement.
    Under the terms of the share exchange agreement prior to the
    second amendment, it was contemplated that at the closing of the
    business combination, the principal amount outstanding under
    these promissory notes and $10,000,000 of the principal amount
    outstanding under the promissory note issued to Linden Ventures
    will be converted into either (1)&#160;in the event that
    Series&#160;A preferred shares are issued, (i)&#160;a number of
    ID Cayman Series&#160;A preferred shares calculated by dividing
    such outstanding principal amounts by $7.8815, rounding up to
    the nearest whole share and (ii)&#160;a number of warrants to
    purchase 0.25 of an ordinary share of ID Cayman, at an exercise
    price per such ordinary share of $7.8815, equal to such number
    of ID Cayman Series&#160;A preferred shares or (2)&#160;in any
    other event, a number of ordinary shares of ID Cayman calculated
    by dividing such outstanding principal amounts by $7.8815,
    rounding up to the nearest whole share. After giving effect to
    the second amendment, such principal will convert at the closing
    into ID Cayman ordinary shares and warrants, as discussed below.
    At the closing of the business combination, $5,000,000 of the
    principal amount outstanding under the promissory note issued to
</DIV>

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    <BR>
    103
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<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Linden Ventures plus all accrued and unpaid interest thereon,
    plus $20,000 as reimbursement for its legal expenses, must be
    paid in cash to Linden Ventures and all accrued and unpaid
    interest under the other promissory notes must be paid in cash
    to the holders of these promissory notes. Each interim lender
    also entered into an intercreditor agreement with SM Cayman,
    Linden Ventures and certain subsidiaries of SM Cayman that
    guaranteed the obligations of SM Cayman under Linden
    Venture&#146;s notes and the interim notes. The agreement
    provided that the interim notes and Linden Venture&#146;s notes
    would be pari passu. In addition, CSV and
    <FONT style="white-space: nowrap">E-TV</FONT> Limited
    entered into a letter agreement whereby they subordinated their
    outstanding loans with SM Cayman to the interim loans.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    On March&#160;27, 2009, Ideation engaged BDO China Shu Lun Pan
    Certified Public Accountants, or BDO, to conduct a management
    and internal controls review on the audited/unaudited financial
    statements of the largest subsidiaries of SearchMedia, including
    review and assessment of financial performance, policies,
    procedures and reporting and organizational structures,
    contractual commitments and relationships with SearchMedia.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    On March&#160;29, 2009, Ideation, BDO and Ideation&#146;s
    financial advisor conducted telephone interviews with the
    management of select subsidiary companies.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    On March&#160;31, 2009, the boards of directors of Ideation and
    ID Arizona met to discuss the proposed acquisition of
    SearchMedia. Representatives of Akerman Senterfitt updated the
    board with respect to the status of negotiations with
    SearchMedia regarding the transaction and reviewed the share
    exchange agreement and other documentation necessary to effect
    the acquisition. Management of Ideation, along with
    representatives of Ideation&#146;s financial advisor, then
    reviewed management&#146;s financial analysis with respect to
    SearchMedia and the proposed transaction, as more fully
    described in the section titled &#147;Ideation&#146;s Reasons
    for the Business Combination and Recommendation of the Ideation
    Board of Directors.&#148; After discussing various legal and
    financial aspects of the proposed acquisition with its legal and
    financial advisors, the boards of directors of Ideation and ID
    Arizona unanimously resolved to approve the proposed acquisition
    and authorized Ideation&#146;s management to execute the share
    exchange agreement and make all appropriate filings.
    Furthermore, the independent committee of the board of directors
    of Ideation, which consisted of Tom Beier, David Moskowitz and
    Shawn Gold, approved the proposed transaction, and in
    particular, the potential conversion of Ideation common stock
    and SM Cayman promissory notes into ID Cayman Series&#160;A
    preferred stock and warrants in light of the fact that certain
    other directors of Ideation may be interested in this and other
    aspects of the transaction.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    On March&#160;31, 2009, following the meeting of the board of
    directors of Ideation, Ideation, ID Arizona and the SearchMedia
    parties executed the share exchange agreement. On May&#160;27,
    2009, Ideation entered into an amendment, which we refer to as
    the first amendment, to the share exchange agreement with
    Mr.&#160;Yen, Tommy Cheung, Stephen Lau and Qinying Liu, as the
    SM Cayman shareholders&#146; representatives. The first
    amendment amended the share exchange agreement to provide that
    the consent of Linden Ventures will be required in the event of
    any amendment to or waiver of any provision contained in certain
    sections of the share exchange agreement that directly affect
    Linden Ventures or if any amendment or waiver disproportionately
    affects Linden Ventures relative to other SM Cayman
    securityholders.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    In addition, the first amendment provided for an amendment to
    the Memorandum and Articles of Association of ID Cayman
    following completion of the business combination to provide that
    the Series&#160;A preferred shares of ID Cayman would be
    convertible, at the option of the holder, at any time after six
    months, rather than eighteen months, following the original
    issue date of such shares.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    On July&#160;28, 2009, Mr.&#160;Fried, Mr.&#160;Rubin and
    Mr.&#160;Uppaluri of Ideation, members of Ideation&#146;s
    financial advisor, and Early Bird Capital, Inc., or EarlyBird,
    and Steve Kaplan of Ladenburg Thalmann&#160;&#038; Co. Inc, or
    Ladenburg, discussed via conference call potential changes to
    the transaction. Among the changes discussed was the elimination
    of the potential obligation of ID Cayman to issue Series&#160;A
    preferred shares in connection with the closing of business
    combination. Other changes discussed were changes to the voting
    and conversion rights structure to increase the likelihood that
    the business combination would be approved. Ideation, Opco,
    Ladenburg and EarlyBird believed that based on discussions with
    investors, the above changes to the transaction structure were
    necessary to increase the likelihood that the business
    combination would be approved.
</DIV>

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    <BR>
    104
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<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    On August 17, 2009, Ideation, Ideation&#146;s financial advisor
    and SearchMedia discussed via conference call an amendment to
    Ideation&#146;s Amended and Restated Certificate of
    Incorporation to provide conversion rights to holders of IPO
    Shares regardless of whether such holder votes for or against
    the business combination. Ideation believed that extending the
    right to elect conversion to those holders of IPO Shares who
    vote for the business combination would increase the likelihood
    that the business combination would be approved. In addition,
    Ideation and SearchMedia agreed to eliminate the potential
    obligation of ID&#160;Cayman to issue Series&#160;A preferred
    shares in connection with the closing of business combination,
    and instead continued to provide for the issuance of a warrant
    to acquire 0.25 of an ID Cayman ordinary share, regardless of
    the amount in the trust account after closing, for each ID
    Cayman ordinary share issued to or acquired by (i) those
    investors who hold SM Cayman interim notes that converted to ID
    Cayman ordinary shares at closing and (ii) Linden Ventures or ID
    Cayman ordinary shares acquired in connection with the Sponsor
    Purchase Commitment Amount.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    On August&#160;20, 2009, Ideation engaged Richards,
    Layton&#160;&#038; Finger, P.A. to provide a legal opinion
    concerning the validity of the charter amendment proposal. On
    August&#160;25, 2009, Richard, Layton&#160;&#038; Finger, P.A.
    provided a draft opinion to Akerman Senterfitt.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    On August&#160;24, 2009, the boards of directors of Ideation and
    ID Arizona met to discuss the proposed amendment to
    Ideation&#146;s Amended and Restated Certificate of
    Incorporation and the proposed letter agreement described below.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    The board also discussed the proposed second amendment to the
    share exchange agreement, which would amend the share exchange
    agreement to provide the following:
</DIV>


<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="4%"></TD>
    <TD width="2%"></TD>
    <TD width="94%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    acknowledgement of the transfer of the SM Cayman Series&#160;C
    preferred shares owned by Gentfull Investment Limited and Gavast
    Estates Limited to Vervain Equity Investment Limited and Sun
    Hing Associates Limited, respectively, their affiliates and the
    joinder of such transferees to the share exchange agreement;
</TD>
</TR>

</TABLE>


<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="4%"></TD>
    <TD width="2%"></TD>
    <TD width="94%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    the elimination of a potential obligation of ID Cayman to issue
    Series&#160;A preferred shares in connection with the closing,
    but continuing to provide for the issuance of a warrant to
    acquire 0.25 of an ID Cayman ordinary share, regardless of the
    amount in the trust account after closing, for each ID Cayman
    ordinary share issued to or acquired by those investors who hold
    SM Cayman interim notes and the Linden Note that convert to ID
    Cayman ordinary shares at closing or ID Cayman ordinary shares
    acquired in connection with the Sponsor Purchase Commitment
    Amount;
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    the imposition of one-year
    <FONT style="white-space: nowrap">lock-up</FONT>
    restrictions with respect to the ID Cayman shares underlying ID
    Cayman restricted share awards and options;
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    an additional covenant requiring the repayment of certain loans
    owed by Ms.&#160;Liu and Le Yang to SM Cayman prior to closing.
    Ms.&#160;Liu and Ms.&#160;Yang have agreed to repay an aggregate
    of RMB&#160;4,289,889 owed by them to SM Cayman prior to the
    closing of the business combination. They may do so in cash or
    by surrendering a number of ordinary shares of SM Cayman owned
    by them prior to closing equal in value to such amount;
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    an increase of the board of directors of ID Cayman after the
    closing to ten (10)&#160;members, adding one director to be
    appointed by the Ideation representative and requiring certain
    independence and citizenship requirements as set forth elsewhere
    in this proxy statement/prospectus;
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    the amendment of the sponsor purchase commitment of The Frost
    Group, LLC to allow for certain warrant exercises, effective
    immediately after the closing, to be counted toward the
    satisfaction of the Sponsor Purchase Commitment Amount;
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    the addition of Ideation stockholder approval of the Ideation
    charter amendment (and a corresponding amendment to the charter
    of ID Arizona) as a condition to the closing of the business
    combination;
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    the extension of the end date by which the business combination
    must be consummated to October&#160;30, 2009 from
    September&#160;30, 2009;
</TD>
</TR>

</TABLE>

<P align="center" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <BR>
    105
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<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="4%"></TD>
    <TD width="2%"></TD>
    <TD width="94%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    technical corrections to the definition of &#147;adjusted net
    income&#148;;
</TD>
</TR>

</TABLE>


<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="4%"></TD>
    <TD width="2%"></TD>
    <TD width="94%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    the amendment of Schedules&#160;B and C to the share exchange
    agreement to reflect the transfers by Gentfull Investment
    Limited and Gavast Estates Limited and certain transfers by and
    among SM Cayman shareholders and correct some rounding
    errors;&#160;and
</TD>
</TR>

</TABLE>


<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="4%"></TD>
    <TD width="2%"></TD>
    <TD width="94%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    the amendment of the Amended and Restated Memorandum and
    Articles of Association of ID Cayman, Exhibit&#160;A to the
    share exchange agreement, to eliminate the designation of the ID
    Cayman Series&#160;A preferred shares.
</TD>
</TR>

</TABLE>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Upon discussion of all relevant facts and circumstances, the
    boards of directors of Ideation and ID Arizona unanimously voted
    in favor of the charter amendment, the second amendment to the
    share exchange agreement and the letter agreement and declared
    the charter amendment and second amendment to be advisable and
    in the best interest of their respective stockholders. The
    independent committee of the board of directors of Ideation
    appointed at its March&#160;31, 2009 meeting also approved such
    actions and the aspects in which any director of Ideation may be
    interested, in particular, (a)&#160;the elimination of the
    dollar threshold in the trust account before the issuance of the
    new warrants would be required, (b)&#160;the amendment of the
    sponsor purchase commitment to allow warrant exercises to count
    toward the satisfaction of the Sponsor Purchase Commitment
    Amount and (c)&#160;the terms of the letter agreement.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    On September&#160;8, 2009, Ideation, ID Arizona, The Frost
    Group, LLC and the SM Shareholders&#146; Representatives and
    Linden Ventures executed the second amendment to the share
    exchange agreement and the letter agreement discussed above.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    On September&#160;8, 2009, Ideation entered into a letter
    agreement with the Converting Noteholders and The Frost Group,
    LLC. Pursuant to the letter agreement, if at any time during the
    two years following the closing of the business combination, ID
    Cayman issues any preferred shares or other equity securities
    (including securities convertible into or exchangeable for
    preferred shares or other equity securities), the parties to the
    letter agreement will have the right to exchange, for such
    securities, any ordinary shares of ID Cayman acquired by them as
    a result of:
</DIV>

<DIV style="margin-top: 3pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="8%"></TD>
    <TD width="4%"></TD>
    <TD width="88%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    (1)&#160;
</TD>
    <TD align="left">
    conversion of an interim note from SM Cayman or the Linden Note;
</TD>
</TR>


<TR style="line-height: 3pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    (2)&#160;
</TD>
    <TD align="left">
    warrant exercises to satisfy the Sponsor Purchase Commitment
    Amount; or
</TD>
</TR>


<TR style="line-height: 3pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    (3)&#160;
</TD>
    <TD align="left">
    open market purchases or new issuances of Ideation shares to
    satisfy the Sponsor Purchase Commitment Amount,
</TD>
</TR>

</TABLE>

<DIV style="margin-top: 3pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    up to the amount of such issuance by ID Cayman. The valuation of
    the exchanged ordinary shares will be $7.8815 per share.
    Ideation will enter into the same letter agreement with any
    other person or entity that purchases Ideation shares in
    satisfaction of the Sponsor Purchase Commitment Amount after the
    date hereof.
</DIV>




<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    On September&#160;13, 2009, Mr.&#160;Rubin, Oppenheimer,
    Ideation&#146;s financial advisor, and Mr.&#160;Yen discussed
    ways in which to enhance the marketing of the transaction to
    potential investors including: (i)&#160;increasing the liquidity
    of the combined company after consummation of the business
    combination, by providing the SM Cayman entities the option to
    pay up to 75% of the earn-out shares due to SM Cayman&#146;s
    acquired companies for 2010 in the form of ID Cayman equity
    securities; (ii)&#160;extending the term of the
    <FONT style="white-space: nowrap">lock-ups</FONT> of
    the SM Cayman founding shareholders and (iii)&#160;increasing
    the number of shares available to be issued to SearchMedia
    employees under SearchMedia&#146;s share incentive plan. The
    parties discussed a third amendment to the share exchange
    agreement to reflect these points.
</DIV>



<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Between September&#160;19, 2009 and September&#160;22, 2009, the
    parties discussed certain additional matters with respect to the
    proposed third amendment to the share exchange agreement,
    including revising the lock up arrangements, the elimination of
    the share price based earn-out, using commercially reasonable
    efforts to reduce transaction expenses and changing the date of
    the special meeting from October 26 to October&#160;27.
</DIV>



<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    On September&#160;22, 2009, Ideation, ID Arizona, Mr.&#160;Yen,
    Tommy Cheung, Terrance Hogan, Qinying Liu and Linden Ventures
    executed the third amendment to the share exchange agreement.
</DIV>


<P align="center" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <BR>
    106
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<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->
<A name='201'>
<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">Interest
    of Ideation&#146;s Management in the Business
    Combination</FONT></B>
</DIV>
</A>
<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    When you consider the unanimous recommendation of the Ideation
    board of directors in favor of adoption of the Redomestication
    Proposal, Business Combination Proposal, Share Increase
    Proposal, Declassification Proposal, Amendment Proposal,
    Shareholder Consent Proposal, Corporate Existence Proposal and
    Share Incentive Plan Proposal, you should note that
    Ideation&#146;s executive officers and directors have interests
    in the transaction that are different from, or in addition to,
    your interests as a stockholder. These interests include, among
    other things:
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="4%"></TD>
    <TD width="2%"></TD>
    <TD width="94%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    If the business combination is not approved and Ideation is
    unable to complete another business combination by
    November&#160;19, 2009, Ideation will be required to liquidate.
    In such event, the 2,500,000&#160;shares of common stock held by
    Ideation officers, directors and affiliates, which were acquired
    prior to the IPO for an aggregate purchase price of $25,000,
    will be worthless, as will the 2,400,000 warrants that were
    acquired simultaneously with the IPO for an aggregate purchase
    price of $2,400,000. The Ideation officers, directors and
    holders of initial shares currently hold 3,277,900&#160;shares
    of the common stock and 3,691,200 of the warrants. Such common
    stock and warrants had an aggregate market value of
    $&#160;&#160;&#160;&#160;&#160; based on the last sale price of
    $&#160;&#160;&#160;&#160;&#160;and
    $&#160;&#160;&#160;&#160;&#160;, respectively, on NYSE Amex on
    October&#160;2, 2009, the record date.
</TD>
</TR>

</TABLE>


<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="4%"></TD>
    <TD width="2%"></TD>
    <TD width="94%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    In connection with the IPO, Ideation&#146;s current officers and
    directors agreed to indemnify Ideation for debts and obligations
    to vendors that are owed money by Ideation, but only to the
    extent necessary to ensure that certain liabilities do not
    reduce funds in the trust account. If the business combination
    is consummated, Ideation&#146;s officers and directors will not
    have to perform such obligations. Ideation does not have
    sufficient funds outside of the trust account to pay these
    obligations. Therefore, if the business combination is not
    consummated and vendors that have not signed waivers sue the
    trust account and win their cases, the trust account could be
    reduced by the amount of the claims and Ideation&#146;s officers
    and directors would be required to fulfill their indemnification
    obligations.
</TD>
</TR>

</TABLE>


<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="4%"></TD>
    <TD width="2%"></TD>
    <TD width="94%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    Warrants to purchase Ideation common stock held by
    Ideation&#146;s officers and directors are exercisable upon
    consummation of the business combination. Based upon the closing
    price of Ideation&#146;s common stock on October&#160;2, 2009,
    the record date, of $&#160;&#160;&#160;&#160;&#160;, if all
    warrants held by Ideation&#146;s officers and directors were
    exercised for common stock, the value of such shares of common
    stock would be approximately $&#160;&#160;&#160;&#160;&#160;.
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    All rights specified in Ideation&#146;s Amended and Restated
    Certificate of Incorporation relating to the right of officers
    and directors to be indemnified by Ideation, and of
    Ideation&#146;s officers and directors to be exculpated from
    monetary liability with respect to prior acts or omissions, will
    continue after the business combination. If the business
    combination is not approved and Ideation liquidates, Ideation
    will not be able to perform its obligations to its officers and
    directors under those provisions.
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    After closing of the business combination, The Frost Group, LLC
    and its affiliates and other non-affiliates may receive a
    warrant to purchase 0.25 of an ordinary share of ID Cayman for
    each ordinary share it acquired, or will acquire, in connection
    with the satisfaction of the Sponsor Purchase Commitment Amount
    and upon conversion of their interim notes in SM Cayman.
    Accordingly, the interests of The Frost Group, LLC and its
    affiliates may be different from those of stockholders who will
    not receive such warrants.
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    Ideation has entered into a letter agreement with the Converting
    Noteholders and The Frost Group, LLC. Pursuant to the letter
    agreement, if at any time during the two years following the
    closing of the business combination, ID Cayman issues any
    preferred shares or other equity securities (including
    securities convertible into or exchangeable for preferred shares
    or other equity securities), the parties to the letter agreement
    will have the right to exchange, for such securities, any
    ordinary shares of ID Cayman acquired by them as a result of:
</TD>
</TR>

</TABLE>

<DIV style="margin-top: 3pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="8%"></TD>
    <TD width="4%"></TD>
    <TD width="88%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    (1)&#160;
</TD>
    <TD align="left">
    conversion of an interim note from SM Cayman or the Linden Note;
</TD>
</TR>

</TABLE>

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    <BR>
    107
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<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->

<DIV style="margin-top: 3pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="8%"></TD>
    <TD width="4%"></TD>
    <TD width="88%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    (2)&#160;
</TD>
    <TD align="left">
    warrant exercises to satisfy the Sponsor Purchase Commitment
    Amount; or
</TD>
</TR>


<TR style="line-height: 3pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    (3)&#160;
</TD>
    <TD align="left">
    open market purchases or new issuances of Ideation shares to
    satisfy the Sponsor Purchase Commitment Amount,
</TD>
</TR>

</TABLE>

<DIV style="margin-top: 3pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 6%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    up to the amount of such issuance by ID Cayman. The valuation of
    the exchanged ordinary shares will be $7.8815 per share.
    Ideation will enter into the same letter agreement with any
    other person or entity that purchases Ideation shares in
    satisfaction of the Sponsor Purchase Commitment Amount after the
    date hereof.
</DIV>
<A name='202'>
<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">Actions
    That May Be Taken to Secure Approval of Ideation
    Stockholders</FONT></B>
</DIV>
</A>
<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    After April&#160;1, 2009, Ideation may seek to purchase, or
    enter into contracts to purchase, shares of Ideation common
    stock either in the open market or in privately negotiated
    transactions. Any such purchases and contracts would be effected
    pursuant to a 10b(5)-1 plan or at a time when Ideation, its
    initial stockholders or their affiliates are not aware of
    material nonpublic information regarding Ideation or its
    securities. Such purchases could involve the incurrence of
    indebtedness by Ideation, payment of significant fees or
    interest payments or the issuance of any additional Ideation
    securities. Any purchases other than ordinary course purchases
    shall require the prior approval of the SM Cayman
    shareholders&#146; representatives, any such approval not to be
    unreasonably withheld or delayed. If such approval is
    unreasonably withheld or delayed under certain circumstances,
    the obligation of The Frost Group, LLC to make sponsor purchases
    (discussed below) will terminate. An ordinary course purchase is
    a forward purchase between Ideation and a non-affiliate Ideation
    stockholder in which Ideation will purchase some or all of such
    stockholders&#146; shares of Ideation after closing, which
    contracts are not binding on SM Cayman or its assets. A
    condition to the closing of such contracts will be that all
    shares purchased would be voted in favor of the business
    combination. These purchases or arrangements could result in an
    expenditure of a substantial amount of funds in the trust
    account.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Commencing on April&#160;1, 2009 and continuing until no later
    than 4:30&#160;p.m.&#160;Eastern standard time on the day that
    is two business days before the special meeting of Ideation
    stockholders, The Frost Group, LLC, through itself, its
    affiliates or others, will purchase
    <FONT style="white-space: nowrap">and/or</FONT> enter
    into forward contracts to purchase shares of Ideation common
    stock in the open market or in privately negotiated transactions
    in an amount equal to the Sponsor Purchase Commitment Amount.
    Such purchases will be conducted in compliance with the
    Securities Act, the Exchange Act and any other applicable law.
</DIV>


<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    The Frost Group, LLC, through itself, its affiliates or others,
    owns 777,900 IPO Shares consisting of
    (i)&#160;250,000&#160;shares acquired as part of
    250,000&#160;units purchased in the IPO,
    (ii)&#160;206,800&#160;shares purchased between the date of the
    IPO and March&#160;31, 2009, and (iii)&#160;321,100&#160;shares
    purchased between April&#160;1, 2009 and September&#160;21, 2009
    pursuant to arrangements described above. In addition, The Frost
    Group, LLC, through itself, its affiliates or others, have
    purchased warrants to acquire 1,291,200&#160;shares (including
    250,000 warrants acquired as part of 250,000&#160;units
    purchased in the IPO).
</DIV>


<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    The aggregate amount of shares purchased pursuant to these
    arrangements and the total number of IPO Shares held by The
    Frost Group, LLC, through itself, its affiliates or others will
    be disclosed to Ideation stockholders in a Current Report on
    Form&#160;8-K as soon as practicable before the open of trading
    on the NYSE Amex on the day that is one business day before the
    special meeting of Ideation stockholders. We acknowledge that
    the timing of this disclosure limits the amount of time Ideation
    stockholders will have to consider the impact of these purchases
    before such stockholders submit a proxy, revoke a previously
    submitted proxy or otherwise vote on the proposals to be
    considered at the special meeting.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    To the extent that The Frost Group, LLC, through itself, its
    affiliates or others has not otherwise satisfied the Sponsor
    Purchase Commitment Amount by the day that is two days before
    the special meeting of Ideation stockholders, The Frost Group,
    LLC through itself, its affiliates or others may satisfy this
    obligation before the closing of the business combination by
    delivering into an escrow account irrevocable written notices to
    exercise all or any of the Ideation public warrants held by such
    persons, together with the cash exercise price therefor, in an
    amount up to the amount necessary to satisfy the Sponsor
    Purchase Commitment Amount. Any such public warrant exercises
    will be effective immediately after the closing of the business
    combination, and would result in additional cash to Ideation.
</DIV>

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    <BR>
    108
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<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    To the extent that The Frost Group, LLC, through itself, its
    affiliates or others, does not otherwise satisfy the Sponsor
    Purchase Commitment Amount, Ideation has agreed to sell shares
    of Ideation common stock at a per share price of $7.8815 to The
    Frost Group LLC, its affiliates or others as necessary to
    satisfy the Sponsor Purchase Commitment Amount, which would
    result in additional cash to Ideation. Such purchases may be
    made, as necessary, up to ten days after the closing of the
    business combination pursuant to a purchase agreement with
    customary registration rights.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    The purpose of such purchases or arrangements would be to
    increase the likelihood of satisfaction of the requirements that
    the holders of a majority of the IPO Shares present in person or
    represented by proxy and entitled to vote on a business
    combination vote in its favor and that holders of fewer than 30%
    of the IPO Shares both vote against a business combination and
    demand conversion of their IPO Shares into cash, where it
    appears that such requirements would otherwise not be met. If
    the business combination transaction is not closed despite such
    purchases, the purchasers would be entitled to participate in
    liquidating distributions from Ideation&#146;s trust fund with
    respect to such shares.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Purchases pursuant to such arrangements by Ideation may
    ultimately be paid for with funds in its trust account, which
    could greatly diminish the funds released to Ideation from the
    trust account upon closing of the business combination, and
    would decrease the amount available to Ideation under the trust
    account for working capital and general corporate purposes.
    Nevertheless, in all events Ideation believes there will be
    sufficient funds available to it from the trust account to pay
    the holders of all IPO Shares that are properly converted and
    Ideation will reserve funds for such purpose.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Any share purchases by Ideation from existing Ideation
    stockholders would increase the post-transaction percentage of
    ID Cayman interests held by the current shareholders of SM
    Cayman. Sponsor purchases of Ideation shares in the open market
    would have no impact on the post-transaction ownership of ID
    Cayman by current SM Cayman shareholders. Sponsor purchases from
    Ideation would decrease the post-transaction percentage of ID
    Cayman interests held by the current shareholders of SM Cayman.
</DIV>
<A name='366'>
<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">Rescission
    Rights</FONT></B>
</DIV>
</A>
<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    You should be aware that Ideation&#146;s Amended and Restated
    Certificate of Incorporation and IPO prospectus stated that only
    those holders of IPO Shares who vote against the business
    combination will have the right to convert their IPO Shares into
    cash if the business combination is approved and completed.
    Furthermore, Ideation&#146;s IPO prospectus stated that specific
    provisions in its Amended and Restated Certificate of
    Incorporation, including provisions of Article&#160;Sixth
    setting forth your conversion rights, would not be amended prior
    to the consummation of an initial business combination without
    the affirmative vote of 95% of the outstanding shares of common
    stock of the company. The IPO prospectus further stated that
    while the validity under Delaware law of a 95% supermajority
    provision restricting the ability to amend the charter has not
    been settled, Ideation would not take any actions to waive or
    amend any of those provisions.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Ideation is now taking action to amend Section&#160;D of Article
    Sixth of the Amended and Restated Certificate of Incorporation
    and extend conversion rights to holders of IPO Shares who vote
    either for or against the business combination. Accordingly,
    each purchaser of IPO Shares or warrants issued in the IPO could
    assert federal or state securities law claims against Ideation
    for rescission, if such purchaser still holds the securities, or
    damages, if such purchaser no longer holds the securities. In a
    rescission claim, a successful claimant has the right to receive
    the total amount paid for the securities purchased pursuant to
    an allegedly deficient prospectus, plus interest and less any
    income earned on the securities, in exchange for surrender of
    the securities. In a claim for damages, a successful claimant
    may be awarded compensation for loss on an investment caused by
    an alleged material misrepresentation or omission in the sale of
    a security, including, possibly, punitive damages, together with
    interest.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    In general, a person who purchases shares pursuant to a
    defective prospectus must make a claim for rescission or damages
    within the applicable statute of limitations period. Rescission
    and damages claims may not be finally adjudicated by the time
    the business combination is completed, and such claims would not
    be extinguished by consummation of that transaction. Ideation
    cannot predict whether any stockholders will bring claims for
    rescission or damages, how many stockholders might bring such
    claims or the extent to which such
</DIV>

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    <BR>
    109
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<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    claims might be successful. Moreover, to the extent such
    litigation is brought against Ideation, the trust account or the
    trustee, Ideation
    <FONT style="white-space: nowrap">and/or</FONT> the
    trustee may be enjoined from making distributions from the trust
    account pending the resolution of that litigation, which would
    result in the delay of any payments to stockholders of trust
    account funds upon conversion or liquidation.
</DIV>
<A name='337'>
<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">Ideation&#146;s
    Reasons for the Business Combination and Recommendation of the
    Ideation Board of Directors</FONT></B>
</DIV>
</A>
<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    The Ideation board of directors unanimously concluded that the
    share exchange agreement, as amended, with SearchMedia is in the
    best interests of Ideation stockholders. Because of the
    financial skills and background of several of its members and
    Ideation&#146;s management, Ideation&#146;s board believes it
    was qualified to perform the valuation analysis discussed in
    this section. At the time of the share exchange agreement, the
    Ideation board of directors derived a minimum equity valuation
    of $176.7&#160;million for SearchMedia based upon a comparative
    price analysis of the price earnings ratio for companies similar
    to SearchMedia as compared to the anticipated price earnings
    ratio of SearchMedia. Based upon the Ideation board of
    directors&#146; experience in performing due diligence of
    acquisition targets and in valuing companies, Ideation did not
    obtain a fairness opinion with respect to the business
    combination and did not believe that a fairness opinion from an
    independent source was necessary.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    In determining the valuation of SearchMedia, the management of
    Ideation presented its board of directors a comparative analysis
    of companies similar to SearchMedia. Management analyzed six
    companies in the outdoor advertising sector in the People&#146;s
    Republic of China and abroad. The companies were AirMedia Group,
    Focus Media Holding, VisionChina Media, Clear Channel Outdoor
    Holdings, JC Decaux and Lamar Advertising. Ideation&#146;s
    subjective belief is that these companies represent a good
    cross-section of the outdoor advertising sector. Ideation
    selected the specific companies for the reasons listed below:
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="4%"></TD>
    <TD width="2%"></TD>
    <TD width="94%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    Like SearchMedia, AirMedia Group, Focus Media Holding and
    VisionChina Media are outdoor advertising companies focused on
    the Chinese market;
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    Clear Channel Outdoor Holdings and JC Decaux are outdoor
    advertising companies with a global presence including the
    Chinese market;&#160;and
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    Lamar Advertising is an outdoor advertising company with a
    presence in the United States, Canada and Puerto Rico.
</TD>
</TR>

</TABLE>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    In March 2009, Ideation management prepared a list of
    comparative price earnings ratios for these companies for
    historical and projected periods based on publicly available
    information. The price earnings ratio for the year ending
    December&#160;31, 2009 for the companies was between 9.7x and
    14.8x with an average of 12.9x. Clear Channel Outdoor Holdings
    and Lamar Advertising have negative 2009 projected earnings and
    their price earnings ratios are therefore not meaningful. Focus
    Media Holding was excluded due to its pending merger with Sina
    Corp.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    In negotiating the share exchange agreement with SearchMedia,
    Ideation and SearchMedia agreed on a valuation that resulted in
    a price earnings ratio of 6.7x based on the maximum potential
    earn-out target of $80.0&#160;million for SearchMedia for the
    year ending December&#160;31, 2009 that is based on revised 2009
    financial projections provided by SearchMedia management. These
    financial projections differed from projections discussed
    between SearchMedia and Ideation in December 2008 to reflect
    management&#146;s current market outlook based on the changing
    operating environment. The revised projections had lower growth
    rates for revenue, EBITDA and net income as a result of lower
    projected increases in pricing, occupancy and roll out of new
    advertising sites. The revised financial projections were within
    the previously proposed earn-out range, which was left unchanged
    in light of the changes in economic conditions. The price
    earnings ratio of 6.7x was calculated based upon (a)&#160;a
    numerator of $256.7&#160;million, which upon execution of the
    share exchange agreement in March&#160;2009 equaled the
    estimated fully diluted equity value of ID Cayman, assuming the
    maximum potential earn-out is paid to SearchMedia shareholders
    and a 30% conversion of Ideation shareholders, and (b)&#160;a
    denominator of $38.4&#160;million, the minimum net income, which
    SearchMedia would earn in fiscal 2009 if SearchMedia met the
    maximum potential earn-out target. In calculating this ratio,
    Ideation&#146;s board did not give material weight to the
    trading value of Ideation shares as of the date of the share
</DIV>

<P align="center" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <BR>
    110
</DIV><!-- END PAGE WIDTH -->
<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>

<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    exchange agreement, believing that any difference between the
    $7.52 per share price in the trading market on the date the
    share exchange agreement was signed and the cash conversion
    value of $7.8815 per share represented a market-determined time
    value of money discount to the cash conversion value, rather
    than the per share value that reflected the pending business
    combination with SearchMedia.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Below is a table depicting the comparative price analysis for
    SearchMedia and five of its peer companies mentioned above,
    including the 2009 estimated earnings per share and price
    earnings ratios for each company as well as the average and
    median price earnings ratios, which Ideation used to determine
    its minimum equity valuation of $176.7&#160;million for
    SearchMedia.
</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <FONT style="font-family: 'Times New Roman', Times">(US $ in
    millions, except per share data)
    </FONT>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<TABLE border="0" width="100%" align="center" cellpadding="0" cellspacing="0" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
<!-- Table Width Row BEGIN -->
<TR style="font-size: 1pt" valign="bottom">
    <TD width="66%">&nbsp;</TD>	<!-- colindex=01 type=maindata -->
    <TD width="2%">&nbsp;</TD>	<!-- colindex=02 type=gutter -->
    <TD width="1%" align="right">&nbsp;</TD>	<!-- colindex=02 type=lead -->
    <TD width="3%" align="right">&nbsp;</TD>	<!-- colindex=02 type=body -->
    <TD width="1%" align="left">&nbsp;</TD>	<!-- colindex=02 type=hang1 -->
    <TD width="3%">&nbsp;</TD>	<!-- colindex=03 type=gutter -->
    <TD width="1%" align="right">&nbsp;</TD>	<!-- colindex=03 type=lead -->
    <TD width="5%" align="right">&nbsp;</TD>	<!-- colindex=03 type=body -->
    <TD width="1%" align="left">&nbsp;</TD>	<!-- colindex=03 type=hang1 -->
    <TD width="3%">&nbsp;</TD>	<!-- colindex=04 type=gutter -->
    <TD width="14%">&nbsp;</TD>	<!-- colindex=04 type=maindata -->
</TR>
<!-- Table Width Row END -->
<TR style="font-size: 8pt" valign="bottom" align="center">
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>12/31/09E<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="bottom">
&nbsp;
</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom" align="center">
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>Share<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>GAAP <BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="bottom">
    <B>2009E<BR>
    </B>
</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom" align="center">
<TD nowrap align="left" valign="bottom">
<DIV style="border-bottom: 1px solid #000000; width: 1%; padding-bottom: 1px">
    <B>Peer Companies</B>
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    <B>Price(2)</B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    <B>EPS(3)</B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    <B>P/E(4)</B>
</TD>
</TR>
<TR style="line-height: 3pt; font-size: 1pt">
<TD>&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    AirMedia Group Inc.&#160;
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    4.58
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    0.31
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="bottom">
    14.8x
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Clear Channel Outdoor Holdings Inc.&#160;
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    3.65
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    0.07
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="bottom">
    Not Meaningful
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    JCDecaux SA(1)
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    11.59
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    0.81
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="bottom">
    14.3
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Lamar Advertising Co.&#160;
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    10.49
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    (0.52
</TD>
<TD nowrap align="left" valign="bottom">
    )
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="bottom">
    Not Meaningful
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    VisionChina Media Inc.&#160;
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    6.58
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    0.68
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="bottom">
    9.7
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    <B>Average</B>
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="bottom">
    <B>12.9x</B>
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    <B>Median</B>
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="bottom">
    <B>14.3</B>
</TD>
</TR>
</TABLE>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">

</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<TABLE border="0" width="100%" align="center" cellpadding="0" cellspacing="0" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
<!-- Table Width Row BEGIN -->
<TR style="font-size: 1pt" valign="bottom">
    <TD width="33%">&nbsp;</TD>	<!-- colindex=01 type=maindata -->
    <TD width="2%">&nbsp;</TD>	<!-- colindex=02 type=gutter -->
    <TD width="1%" align="right">&nbsp;</TD>	<!-- colindex=02 type=lead -->
    <TD width="7%" align="right">&nbsp;</TD>	<!-- colindex=02 type=body -->
    <TD width="1%" align="left">&nbsp;</TD>	<!-- colindex=02 type=hang1 -->
    <TD width="3%">&nbsp;</TD>	<!-- colindex=03 type=gutter -->
    <TD width="1%" align="right">&nbsp;</TD>	<!-- colindex=03 type=lead -->
    <TD width="3%" align="right">&nbsp;</TD>	<!-- colindex=03 type=body -->
    <TD width="1%" align="left">&nbsp;</TD>	<!-- colindex=03 type=hang1 -->
    <TD width="3%">&nbsp;</TD>	<!-- colindex=04 type=gutter -->
    <TD width="1%" align="right">&nbsp;</TD>	<!-- colindex=04 type=lead -->
    <TD width="8%" align="right">&nbsp;</TD>	<!-- colindex=04 type=body -->
    <TD width="1%" align="left">&nbsp;</TD>	<!-- colindex=04 type=hang1 -->
    <TD width="3%">&nbsp;</TD>	<!-- colindex=05 type=gutter -->
    <TD width="1%" align="right">&nbsp;</TD>	<!-- colindex=05 type=lead -->
    <TD width="7%" align="right">&nbsp;</TD>	<!-- colindex=05 type=body -->
    <TD width="1%" align="left">&nbsp;</TD>	<!-- colindex=05 type=hang1 -->
    <TD width="3%">&nbsp;</TD>	<!-- colindex=06 type=gutter -->
    <TD width="1%" align="right">&nbsp;</TD>	<!-- colindex=06 type=lead -->
    <TD width="7%" align="right">&nbsp;</TD>	<!-- colindex=06 type=body -->
    <TD width="1%" align="left">&nbsp;</TD>	<!-- colindex=06 type=hang1 -->
    <TD width="3%">&nbsp;</TD>	<!-- colindex=07 type=gutter -->
    <TD width="1%" align="right">&nbsp;</TD>	<!-- colindex=07 type=lead -->
    <TD width="2%" align="right">&nbsp;</TD>	<!-- colindex=07 type=body -->
    <TD width="1%" align="left">&nbsp;</TD>	<!-- colindex=07 type=hang1 -->
    <TD width="3%">&nbsp;</TD>	<!-- colindex=08 type=gutter -->
    <TD width="1%" align="right">&nbsp;</TD>	<!-- colindex=08 type=lead -->
    <TD width="1%" align="right">&nbsp;</TD>	<!-- colindex=08 type=body -->
    <TD width="1%" align="left">&nbsp;</TD>	<!-- colindex=08 type=hang1 -->
</TR>
<!-- Table Width Row END -->
<TR style="font-size: 7pt" valign="bottom" align="center">
<TD nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="6" align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    <B>12/31/09E GAAP</B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR style="font-size: 7pt" valign="bottom" align="center">
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>Total Shares<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>Share<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>Market<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>Adjusted<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>2009E<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR style="font-size: 7pt" valign="bottom" align="center">
<TD nowrap align="left" valign="bottom" style="border-bottom: 1px solid #000000">
    <B>SearchMedia International Limited</B>
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    <B>Outstanding(5)</B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    <B>Price(6)</B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    <B>Capitalization(7)</B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    <B>Net Income(8)</B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    <B>Adjusted EPS</B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    <B>P/E(4)</B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR style="line-height: 3pt; font-size: 1pt">
<TD>&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    0% Earn-out Achieved
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    22.4
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    7.88
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    176.3
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    25.7
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    1.15
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    6.9
</TD>
<TD nowrap align="left" valign="bottom">
    x
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    32% Earn-out Achieved
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    25.6
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    7.88
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    201.9
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    29.7
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    1.16
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    6.8
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    100% Earn-out Achieved
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    32.5
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    7.88
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    256.3
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    38.4
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    1.18
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    6.7
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
</TABLE>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">

</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV style="font-size: 1pt; margin-left: 0%; width: 13%;  align: left; border-bottom: 1pt solid #000000"></DIV><!-- callerid=999 iwidth=456 length=60 -->

<DIV style="margin-top: 3pt; font-size: 1pt">&nbsp;</DIV>



<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">

<TR>
    <TD width="2%"></TD>
    <TD width="1%"></TD>
    <TD width="97%"></TD>
</TR>

<TR>
    <TD align="right" valign="top">
    (1) </TD>
    <TD></TD>
    <TD valign="bottom">
    Foreign peer company, JCDecaux SA, share price and
    December&#160;31, 2009 estimated GAAP&#160;EPS converted to U.S.
    dollars based on the March&#160;27, 2009 exchange rate of 0.7375
    EUR / USD.</TD>
</TR>


<TR style="line-height: 3pt; font-size: 1pt"><TD>&nbsp;</TD></TR>

<TR>
    <TD align="right" valign="top">
    (2) </TD>
    <TD></TD>
    <TD valign="bottom">
    Market prices as of March&#160;27, 2009.</TD>
</TR>


<TR style="line-height: 3pt; font-size: 1pt"><TD>&nbsp;</TD></TR>

<TR>
    <TD align="right" valign="top">
    (3) </TD>
    <TD></TD>
    <TD valign="bottom">
    Consensus analysts&#146; estimates as of March&#160;27, 2009 for
    the fiscal year end December&#160;31, 2009.</TD>
</TR>


<TR style="line-height: 3pt; font-size: 1pt"><TD>&nbsp;</TD></TR>

<TR>
    <TD align="right" valign="top">
    (4) </TD>
    <TD></TD>
    <TD valign="bottom">
    Price earnings ratios are calculated based on share price
    divided by the fully diluted estimated earnings per share for
    the 12&#160;months ending December&#160;31, 2009.</TD>
</TR>


<TR style="line-height: 3pt; font-size: 1pt"><TD>&nbsp;</TD></TR>

<TR>
    <TD align="right" valign="top">
    (5) </TD>
    <TD></TD>
    <TD valign="bottom">
    Fully-diluted outstanding shares based on the treasury method,
    assuming 30% conversion and the relevant number of earn-out
    shares (i.e., 0, 3.2&#160;million and 10.2&#160;million shares
    at, 0%, 32% and 100% of the total earn-out, respectively), and
    an Ideation liquidation price of $7.8815.</TD>
</TR>


<TR style="line-height: 3pt; font-size: 1pt"><TD>&nbsp;</TD></TR>

<TR>
    <TD align="right" valign="top">
    (6) </TD>
    <TD></TD>
    <TD valign="bottom">
    Share price based on an Ideation liquidation value of $7.8815
    per share.</TD>
</TR>


<TR style="line-height: 3pt; font-size: 1pt"><TD>&nbsp;</TD></TR>

<TR>
    <TD align="right" valign="top">
    (7) </TD>
    <TD></TD>
    <TD valign="bottom">
    Calculated based on fully-diluted shares outstanding and a share
    price of $7.8815.</TD>
</TR>


<TR style="line-height: 3pt; font-size: 1pt"><TD>&nbsp;</TD></TR>

<TR>
    <TD align="right" valign="top">
    (8) </TD>
    <TD></TD>
    <TD valign="bottom">
    Represents December&#160;31, 2009 estimated adjusted net income
    at the indicated earn-out scenarios.</TD>
</TR>

</TABLE>

<DIV style="margin-top: 3pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Ideation based the earn-out targets in the share exchange
    agreement on SearchMedia&#146;s adjusted net income projections
    prepared in March 2009 for fiscal 2009 (assuming an exchange
    rate at the time of US $1.00 to RMB 6.83). Because SearchMedia
    completed several acquisitions during the first half of 2008,
    which added significant scale to its operations, its financial
    results for fiscal year 2008 are not indicative of its current
    business, and thus Ideation believed that applying comparable
    company market multiples to SearchMedia&#146;s fiscal year 2008
    financial results to determine valuation would not be
    meaningful. At the time the share exchange agreement was
    negotiated, Ideation understood that the projections were based
    upon certain key assumptions about SearchMedia&#146;s business
    prospects, including the following:
</DIV>

<DIV style="margin-top: 3pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="4%"></TD>
    <TD width="2%"></TD>
    <TD width="94%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    SearchMedia&#146;s rates charged to advertising clients would
    increase in 2009;
</TD>
</TR>

</TABLE>

<P align="center" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <BR>
    111
</DIV><!-- END PAGE WIDTH -->
<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>

<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->

<DIV style="margin-top: 3pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="4%"></TD>
    <TD width="2%"></TD>
    <TD width="94%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    SearchMedia&#146;s occupancy rates would have an increasing
    trend in 2009;&#160;and
</TD>
</TR>


<TR style="line-height: 3pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    SearchMedia would modestly grow its advertising platform
    organically in 2009.
</TD>
</TR>

</TABLE>

<DIV style="margin-top: 3pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    The earn-out target for fiscal 2009 equals SearchMedia&#146;s
    net income projections for fiscal 2009. Certain adjustments (as
    described in the definition of &#147;Adjusted Net Income&#148;
    below) primarily relating to minority investments,
    acquisition-related income, non-recurring expenses and
    transaction-related costs will be made to Search Media&#146;s
    actual 2009&#160;net income for the purposes of determining the
    earn-out. These costs are not included in the projected
    2009&#160;net income, so the actual 2009&#160;net income will
    need to be adjusted to eliminate the impact of these items for
    the purposes of determining the earn-out. In determining the
    earn-out target for the share exchange agreement, Ideation also
    considered SearchMedia&#146;s expansion strategies and the
    projected growth in the Chinese market.
</DIV>


<DIV style="margin-top: 3pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    As a result of negotiations, Ideation agreed to issue the
    SearchMedia shareholders, warrantholders, option holders,
    holders of restricted share awards and noteholders
    $78.5&#160;million of equity value, based on Ideation&#146;s per
    share cash conversion value of $7.8815, and additionally
    10.2&#160;million shares worth $80.0&#160;million upon the
    achievement of the maximum 2009 earn-out target. Assuming
    maximum conversion of Ideation shareholders and using the
    treasury share method, there would be 12.5&#160;million fully
    diluted shares outstanding prior to the share exchange,
    16.1&#160;million fully diluted shares outstanding at the time
    of the merger (including all performance related restricted
    share awards and options) and 26.2&#160;million fully diluted
    shares outstanding after the merger if SearchMedia achieved the
    maximum potential earn-out target.
</DIV>


<DIV style="margin-top: 3pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Ideation is submitting the business combination for a vote of
    Ideation stockholders as required under the share exchange
    agreement and it does not intend to modify the terms of the
    business combination with SearchMedia prior to such vote.
    Shareholders concerned with the investment risks associated with
    SearchMedia&#146;s failure to meet the earn-out targets, or that
    the underlying projections may not be indicative of future
    results, should consider converting their IPO Shares into their
    pro rata portion of the trust account.
</DIV>

<DIV style="margin-top: 3pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    SearchMedia does not as a matter of course make public
    projections as to future sales, earnings, or other results.
    However, the management of SearchMedia prepared the prospective
    financial information set forth above to present the prospects
    for SearchMedia&#146;s business as of the time SearchMedia
    prepared such projections. The accompanying prospective
    financial information was not prepared with a view toward public
    disclosure or with a view toward complying with the guidelines
    established by the American Institute of Certified Public
    Accountants with respect to prospective financial information.
    However, in the view of the Ideation&#146;s and
    SearchMedia&#146;s management, such information was prepared on
    a reasonable basis, reflected the best available estimates and
    judgments, and presented, to the best of management&#146;s
    knowledge and belief, the expected course of action and the
    expected financial performance of the SearchMedia as of the time
    SearchMedia prepared such projections. However, this information
    is not fact and should not be relied upon as being necessarily
    indicative of future results, and readers of this proxy
    statement/prospectus are cautioned not to place undue reliance
    on the prospective financial information.
</DIV>

<DIV style="margin-top: 3pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Neither SearchMedia&#146;s independent auditors, nor any other
    independent accountants, have compiled, examined, or performed
    any procedures with respect to the prospective financial
    information contained herein, nor have they expressed any
    opinion or any other form of assurance on such information or
    its achievability, and assume no responsibility for, and
    disclaim any association with, the prospective financial
    information.
</DIV>

<DIV style="margin-top: 3pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    The assumptions and estimates underlying the prospective
    financial information are inherently uncertain and, though
    considered reasonable by the management of SearchMedia as of the
    date of its preparation, are subject to a wide variety of
    significant business, economic, competitive risks and
    uncertainties that could cause actual results to differ
    materially from those contained in the prospective financial
    information, including, among others, risks and uncertainties,
    as explained in the risk factors &#147;Risk Factors&#160;&#151;
    Risks Relating to the Business of SearchMedia&#148; of this
    proxy statement/prospectus. Accordingly, there can be no
    assurance that the prospective results are indicative of the
    future performance of SearchMedia or that actual results will
    not differ materially from those presented in the prospective
    financial information.
</DIV>

<DIV style="margin-top: 3pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    SearchMedia does not generally publish its business plans and
    strategies or make external disclosures of its anticipated
    financial position or results of operations. Accordingly,
    Ideation and SearchMedia do not intend to update or otherwise
    revise the prospective financial information to reflect
    circumstances existing since its preparation or to reflect the
    occurrence of unanticipated events, even in the event that any
    or all of the
</DIV>

<P align="center" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <BR>
    112
</DIV><!-- END PAGE WIDTH -->
<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>

<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    underlying assumptions are shown to be in error. Furthermore,
    Ideation and SearchMedia do not intend to update or revise the
    prospective financial information to reflect changes in general
    economic or industry conditions.
</DIV>

<DIV style="margin-top: 3pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    As described below, the Ideation board of directors considered
    both the potential advantages and potential disadvantages of a
    business combination with SearchMedia.
</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><I><FONT style="font-family: 'Times New Roman', Times">Potential
    Advantages of the Business Combination with
    SearchMedia</FONT></I></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 2%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <I><FONT style="font-family: 'Times New Roman', Times">SearchMedia&#146;s
    Potential for Future Expansion</FONT></I>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Important criteria to the Ideation board of directors in
    identifying an acquisition target were that the company has
    established business operations, that it is generating
    attractive returns, and that it has a strong potential to
    experience growth in the future. The Ideation board of directors
    believes that SearchMedia has in place a leading market share,
    an extensive network of multiple advertising platforms, a large
    and diverse client base and significant brand name recognition.
</DIV>

<DIV style="margin-top: 3pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Although financial projections are inherently uncertain, the
    Ideation board of directors believed, and continues to believe,
    the projections for SearchMedia&#146;s business are reliable,
    based on Ideation&#146;s extensive due diligence.
</DIV>

<DIV style="margin-top: 3pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    The Ideation board of directors believes that SearchMedia has
    the ability to continue to grow because:
</DIV>

<DIV style="margin-top: 3pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="4%"></TD>
    <TD width="2%"></TD>
    <TD width="94%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    China has the largest advertising market in Asia excluding
    Japan, and in particular, the outdoor advertising market in
    China is expected to grow by a CAGR of 11.8% from
    $2.6&#160;billion in 2007 to $4.0&#160;billion in 2011;
</TD>
</TR>


<TR style="line-height: 3pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    As of 2007, it ranked first in market share of in-elevator
    advertising displays in 13 out of the 26 most affluent cities in
    China and ranked second in an additional nine of these cities,
    according to Nielsen Media Research (an independent research
    company, in its July 2008 report commissioned by SearchMedia, or
    the Nielsen Report);
</TD>
</TR>


<TR style="line-height: 3pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    SearchMedia has developed a respected brand name in the outdoor
    advertising industry in China and has built a large and diverse
    client base of more than 780 advertisers cumulatively from its
    inception to July&#160;31, 2009;
</TD>
</TR>


<TR style="line-height: 3pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    SearchMedia has established an extensive advertising network
    across 57&#160;cities in China and Hong&#160;Kong;
</TD>
</TR>


<TR style="line-height: 3pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    SearchMedia&#146;s network is built on multiple platforms,
    including billboards, elevators and subways; and
</TD>
</TR>
    <FONT style="font-size: 10pt">
    </FONT>

<TR style="line-height: 3pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    With a strong capability to offer an expanding portfolio of
    media offerings, SearchMedia continues to increase penetration
    of existing markets and expand into new markets.
</TD>
</TR>

</TABLE>

<DIV style="margin-top: 3pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    In connection with its review of SearchMedia&#146;s business
    operations and unique strengths, the Ideation board of directors
    believes that SearchMedia&#146;s multi-platform advertising
    network will continue to be attractive to its clients.
</DIV>

<DIV style="margin-top: 9pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 2%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <I><FONT style="font-family: 'Times New Roman', Times">SearchMedia&#146;s
    Financial Profile and Business Model</FONT></I>
</DIV>

<DIV style="margin-top: 3pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Another factor important to the Ideation board of directors in
    identifying an acquisition target was that SearchMedia has
    demonstrated an attractive financial profile. SearchMedia
    commenced business operations in Shanghai, China, in 2005 and
    has experienced significant growth through organic expansion and
    acquisitions.
</DIV>

<DIV style="margin-top: 3pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    SearchMedia&#146;s business model is highly scalable and can be
    characterized by a low cost structure and low level of capital
    expenditures required for expansion, which quickly generate
    attractive returns. This will continue to allow SearchMedia to
    cost-efficiently expand and scale its operations in response to
    market conditions and new opportunities.
</DIV>

<DIV style="margin-top: 3pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    In connection with its review of SearchMedia&#146;s historical
    financial statements and business model, the Ideation board of
    directors believes that SearchMedia&#146;s business will
    continue to demonstrate an attractive financial profile.
</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 2%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <I><FONT style="font-family: 'Times New Roman', Times">Experienced
    management</FONT></I>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Another factor important to the Ideation board of directors in
    identifying an acquisition target was that SearchMedia has a
    seasoned management team with specialized knowledge of the
    markets in which it operates
</DIV>

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    <BR>
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<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    and the ability to lead a company in a rapidly changing
    environment. The Ideation board of directors concluded that
    SearchMedia&#146;s management has demonstrated such ability,
    addressing critical issues such as business strategy,
    competitive differentiation, business development and
    operational experience and effecting acquisitions and joint
    ventures critical to SearchMedia&#146;s growth plans.
</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><I><FONT style="font-family: 'Times New Roman', Times">Potential
    Disadvantages of the Business Combination with
    SearchMedia</FONT></I></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    The Ideation board of directors evaluated potential
    disadvantages of a business combination with SearchMedia. They
    were not able to identify any factors associated specifically
    with SearchMedia or its industry that outweighed the advantages
    of a business combination.
</DIV>

<DIV style="margin-top: 3pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    The Ideation board of directors considered the nature of
    SearchMedia&#146;s relationship with site owners, managers and
    sublessors, including: (1)&#160;the fact that SearchMedia&#146;s
    revenues from advertising sales are largely dependent upon its
    ability to provide its advertising products at desirable
    locations; and (2)&#160;the need for site managers and managers
    to cooperate with SearchMedia to allow it to install the desired
    types of frames at the desired spots on their properties.
</DIV>

<DIV style="margin-top: 3pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Another potential drawback associated with the business
    combination is SearchMedia&#146;s limited operating history.
    SearchMedia was incorporated in 2007 and its predecessors
    entered the out-of-home advertising market in 2005. Accordingly,
    SearchMedia has a limited operating history for its current
    operations upon which the Ideation board of directors can
    evaluate the viability and sustainability of SearchMedia&#146;s
    business and its acceptance by advertisers.
</DIV>

<DIV style="margin-top: 3pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    The Ideation board of directors also recognized and considered
    uncertainties relating to SearchMedia&#146;s significant
    acquisition growth during 2008. Although SearchMedia has
    conducted due diligence with respect to these acquisitions, it
    may not have implemented sufficient due diligence procedures and
    may not be aware of all of the risks and liabilities associated
    with such acquisitions. Also, SearchMedia has provided for a
    two-year earn-out payment provision in most of the contracts for
    these acquisitions, which earn-out is contingent on the level of
    achievement of the acquired company&#146;s financial
    performance. To the extent financial performance of any acquired
    company exceeds expectations, SearchMedia is obligated to pay a
    higher purchase price to the seller. In addition, some of the
    sellers, who agreed to become SearchMedia&#146;s employees and
    manage these acquired companies for SearchMedia during the
    earn-out period, may leave SearchMedia or be less motivated in
    performing their service after the two-year earn-out period has
    expired, which may lead to failure in revenue growth and even
    loss of clients
    <FONT style="white-space: nowrap">and/or</FONT> site
    contracts. While SearchMedia has been implementing a series of
    measures to integrate the acquired businesses, such as
    conducting training programs and integrating media resources and
    finance staff, there is risk that SearchMedia may not be able
    achieve the anticipated synergies and fully realize the benefits
    of the acquisitions.
</DIV>

<DIV style="margin-top: 3pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    The Ideation board of directors also considered uncertainties
    with respect to outdoor advertising regulations in China could
    adversely affect SearchMedia. In particular, SearchMedia&#146;s
    outdoor billboards, light boxes and neon signs are subject to
    municipal zoning requirements, governmental approvals and
    administrative controls. If SearchMedia is required to eliminate
    its outdoor advertisements as a result of these requirements,
    its operations could be materially and adversely affected.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    The Ideation board of directors concluded that, after the
    transaction is complete, the consolidated strength of the
    business combination of Ideation and SearchMedia overcomes the
    negative factors that the board of directors had identified in
    its analysis.
</DIV>
<A name='340'>
<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">SearchMedia&#146;s
    Reasons for the Business Combination</FONT></B>
</DIV>
</A>
<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    In accepting Ideation&#146;s offer of acquisition to effect a
    business combination, SearchMedia&#146;s board of directors
    believed that the transaction would achieve various objectives,
    such as enabling SearchMedia to raise capital to address its
    funding requirements and providing it with the flexibility to
    make further acquisitions using publicly traded shares.
    SearchMedia&#146;s board of directors also considered that the
    Ideation management team has significant experience in
    international capital markets and in executing industry
    consolidation strategies involving mergers and acquisitions.
    SearchMedia&#146;s board of directors has considered other
    options,
</DIV>

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    <BR>
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<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    including raising private equity funds, obtaining bank and other
    debt financings, and pursuing an initial public offering, and
    determined that the business combination best fit
    SearchMedia&#146;s strategy and market conditions.
</DIV>
<A name='341'>
<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">Satisfaction
    of the 80% Test</FONT></B>
</DIV>
</A>
<DIV style="margin-top: 3pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    It is a requirement that any business acquired by Ideation have
    a fair market value equal to at least 80% of Ideation&#146;s net
    assets at the time of acquisition, which assets shall include
    the amount in the trust account. Ideation performed a thorough
    analysis of three companies within the outdoor advertising
    industry that are directly comparable to SearchMedia and was
    able to derive a basic valuation of SearchMedia from this
    analysis. Based on this comparable companies analysis, which is
    an accepted industry standard valuation methodology regularly
    utilized by nationally recognized, reputable investment banks
    for the purposes of valuation analysis, and including the
    financial analysis of SearchMedia that was generally used to
    approve the business combination, the Ideation board of
    directors determined that the 80% test requirement was met.
</DIV>

<DIV style="margin-top: 3pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    As described above, the Ideation board of directors derived a
    minimum equity valuation of $176.7&#160;million for SearchMedia,
    based on its comparable company and multiple analyses. This
    value substantially exceeds the approximate $60,900,000 value
    required to meet the 80% test.
</DIV>

<DIV style="margin-top: 3pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    The Ideation board of directors believes it was qualified to
    perform the valuation analysis described above and to conclude
    that the acquisition of SearchMedia met this requirement because
    of the financial skills and background of several of its members.
</DIV>


<DIV style="margin-top: 3pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Ideation agreed to issue to the SearchMedia shareholders and
    warrantholders an aggregate of 6,662,727&#160;shares and
    1,519,186 warrants at closing, and additionally
    10,150,352&#160;shares based upon the 2009 earn-out target. The
    value of the consideration was based on the conversion value per
    share of $7.8815, as projected at the time of the share exchange
    agreement, that would be paid out from Ideation&#146;s trust
    account as of November&#160;19, 2009. The Ideation board did not
    give material weight to the trading value of Ideation shares of
    common stock as of the date of the share exchange agreement,
    believing that this value only represented a market-determined
    time value of money discount to the $7.8815 per share cash
    conversion value.
</DIV>


<DIV style="margin-top: 3pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    As discussed above, under the share exchange agreement, Ideation
    has agreed to pay SearchMedia shareholders 10,150,352 additional
    ordinary shares if ID Cayman&#146;s Adjusted Net Income (as
    defined in the share exchange agreement) for the fiscal year
    ending December&#160;31, 2009 exceeds $38.4&#160;million.
</DIV>

<DIV style="margin-top: 3pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Ideation believes that because the SearchMedia parties have
    significant consideration subject to the earn-out target, the
    Ideation board of directors has sufficient guidance in earnings
    when determining a valuation of SearchMedia.
</DIV>

<DIV style="margin-top: 3pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Ideation cautions readers that many factors could cause
    SearchMedia&#146;s actual results to be materially different
    from the Adjusted Net Income targets, including those described
    under the captions &#147;Risk Factors&#160;&#151; Risks Relating
    to the Business of SearchMedia&#148; and &#147;Risks Relating to
    Doing Business in the People&#146;s Republic of China.&#148;
</DIV>

<DIV style="margin-top: 3pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    The Ideation board of directors believes it was qualified to
    perform the valuation analysis described above and to conclude
    that the acquisition of SearchMedia met this requirement because
    of the financial skills and background of several of its members.
</DIV>

<DIV style="margin-top: 9pt; font-size: 1pt">&nbsp;</DIV>
<A name='203'>
<DIV align="left" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">Fees and
    Expenses</FONT></B>
</DIV>

</A>
<DIV style="margin-top: 3pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Except as otherwise provided in the share exchange agreement,
    all fees and expenses incurred in connection with the share
    exchange agreement and the transactions contemplated thereby
    will be paid by the party incurring such expenses whether or not
    the share exchange is consummated. Ideation anticipates that it
    will incur total transaction costs of approximately
    $7.5&#160;million. Such costs do not include transaction costs
    of approximately $7.5&#160;million anticipated to be incurred by
    SearchMedia. Of the approximately $7.5&#160;million in
    transaction costs expected to be incurred by Ideation,
    approximately $800,000 will be payable to vendors who have not
    waived any claim against Ideation&#146;s trust account. Ideation
    and the SM&#160;Cayman entities have agreed to use commercially
    reasonable efforts to reduce the expenses incurred by each such
    group, respectively, by $2,000,000, however as of the date of
    this proxy statement/prospectus, neither party has entered into
    any arrangements with respect to a reduction of expenses.
</DIV>


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    <BR>
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<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->


<A name='205'>
<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">Certain
    U.S. Federal Income Tax Consequences</FONT></B>
</DIV>
</A>
<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Although there is a lack of authority directly on point, and
    thus, this conclusion is not entirely free from doubt, the
    merger should qualify as a nontaxable reorganization under
    applicable U.S.&#160;federal income tax principles and,
    accordingly, no gain or loss should be recognized by Ideation
    stockholders or warrantholders for U.S.&#160;federal income tax
    purposes as a result of their exchange of Ideation common stock
    or warrants for the common stock or warrants of ID Arizona.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    In addition, although there is a lack of authority directly on
    point, and thus, this conclusion is not entirely free from
    doubt, the conversion also should qualify as a nontaxable
    reorganization under applicable U.S.&#160;federal income tax
    principles and, accordingly, no gain or loss should be
    recognized by ID Arizona stockholders or warrantholders for
    U.S.&#160;federal income tax purposes as a result of their
    exchange of ID Arizona common stock or warrants for the ordinary
    shares or warrants of ID Cayman. ID Arizona, however, should
    recognize gain (but not loss) for U.S.&#160;federal income tax
    purposes as a result of the conversion equal to the difference
    between the fair market value of each of its assets over such
    asset&#146;s adjusted tax basis at the effective time of the
    conversion. Any U.S.&#160;federal income tax liability incurred
    by ID Arizona as a result of such gain would become a liability
    of ID Cayman by reason of the conversion. ID Cayman should not
    recognize any gain or loss for U.S.&#160;federal income tax
    purposes as a result of the business combination and certain
    &#147;anti-inversion&#148; provisions in the Code should not
    apply to treat ID Cayman as a U.S.&#160;corporation after the
    conversion and business combination.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    See &#147;Material United States Federal Income Tax
    Considerations&#148; below for further discussion of these tax
    consequences.
</DIV>
<A name='338'>
<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">Certain
    PRC Tax Considerations</FONT></B>
</DIV>
</A>
<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Pursuant to the applicable PRC tax laws, prior to
    January&#160;1, 2008, companies established in China were
    generally subject to a state and local enterprise income tax, or
    EIT, at statutory rates of 30% and 3%, respectively.
    SearchMedia&#146;s PRC subsidiaries, Jieli Consulting and Jieli
    Network, and most of its consolidated PRC affiliated entities
    were subject to an income tax rate of 33%.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    On March&#160;16, 2007, the National People&#146;s Congress
    adopted the new PRC Enterprise Income Tax Law, or the EIT Law,
    which became effective from January&#160;1, 2008 and replaced
    the separate income tax laws for domestic enterprises and
    foreign-invested enterprises by adopting a unified income tax
    rate of 25% for most enterprises. In addition, on
    December&#160;6, 2007, the State Council issued the
    Implementation Rules for the EIT Law, which became effective
    simultaneously with the EIT Law. On December&#160;26, 2007, the
    State Council issued the Notice on Implementation of Enterprise
    Income Tax Transition Preferential Policy under the EIT Law, or
    the Transition Preferential Policy Circular, which became
    effective upon promulgation. Under these regulations, the PRC
    government revoked many of then existing tax exemption,
    reduction and preferential treatments, but permits companies to
    continue to enjoy their existing preferential tax treatments for
    the remainder of the preferential periods, subject to
    transitional rules as stipulated in the Transition Preferential
    Policy Circular. Since January&#160;1, 2008, SearchMedia&#146;s
    PRC subsidiaries, Jieli Consulting and Jieli Network, and its
    consolidated PRC affiliated entities have been subject to an
    income tax rate of 25%.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Under relevant PRC tax law applicable prior to January&#160;1,
    2008, dividend payments to foreign investors made by
    foreign-invested entities were exempt from PRC withholding tax.
    However, under the Implementation Rules of the EIT Law, subject
    to applicable tax agreements or treaties between the PRC and
    other tax jurisdictions, non-resident enterprises without an
    institution or establishment in the PRC, or non-resident
    enterprises whose income has no connection with their
    institutions and establishment in the PRC, are normally subject
    to withholding tax at the rate of 10% with respect to their
    PRC-sourced dividend income. Under the EIT Law, a &#147;resident
    enterprise,&#148; which includes an enterprise established
    outside of China with de facto management bodies located in
    China, will be subject to PRC income tax. Under the
    Implementation Rules of the EIT Law, &#147;de facto management
    body&#148; is defined as the body that has material and overall
    management and control over the business, personnel, accounts
    and properties of enterprise. All of SearchMedia&#146;s
    management is currently located in the PRC. If SearchMedia were
    treated as a resident enterprise for PRC tax purposes,
    SearchMedia would be subject to PRC tax on its worldwide income
    at the 25% uniform tax rate; the
</DIV>

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<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    dividends distributed from its PRC subsidiary to SearchMedia
    would be exempt income; the dividends paid by SearchMedia to its
    non-PRC shareholders would be subject to a withholding tax. In
    addition, under the EIT Law, SearchMedia&#146;s non-PRC
    shareholders would become subject to a 10% income tax on any
    gains they would realize from the transfer of their shares, if
    such income were sourced from within the PRC.
</DIV>
<A name='206'>
<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">Anticipated
    Accounting Treatment</FONT></B>
</DIV>

</A>
<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    The business combination will be accounted for as a reverse
    recapitalization, whereby SM Cayman will be the continuing
    entity for financial reporting purposes and will be deemed to be
    the accounting acquirer of Ideation. The business combination
    are being accounted for as a reverse recapitalization because
    (i)&#160;after the redomestication and business combination, the
    former shareholders of SM Cayman will have actual or effective
    voting and operating control of ID Cayman, as SearchMedia&#146;s
    operations will comprise the ongoing operations of ID Cayman,
    the senior management of SearchMedia will continue to serve as
    the senior management of ID Cayman, and (ii)&#160;Ideation has
    no prior operations and was formed for the purpose of effecting
    a business combination such as the proposed business combination
    with SearchMedia. In accordance with the applicable accounting
    guidance for accounting for the business combination as a
    reverse recapitalization, initially SM Cayman will be deemed to
    have undergone a recapitalization, whereby its outstanding
    ordinary shares and warrants will be converted into 6,757,279
    ordinary shares of ID Cayman and 1,519,186 ID Cayman warrants.
    Immediately thereafter, ID Cayman, as the legal parent company
    of SM Cayman, which is the continuing accounting entity, will be
    deemed to have acquired the assets and assumed the liabilities
    of Ideation in exchange for the issuance of ID Cayman
    securities, which will be identical in number and terms and
    similar in rights to the outstanding securities of Ideation,
    provided that, although the securities are similar in rights,
    significant differences are discussed in the section titled
    &#147;The Redomestication Proposal&#160;&#151; Differences of
    Stockholders Rights.&#148; However, although ID Cayman, as the
    legal parent company of SearchMedia, will be deemed to have
    acquired Ideation, in accordance with the applicable accounting
    guidance for accounting for the business combination as a
    reverse recapitalization, Ideation&#146;s assets and liabilities
    will be recorded at their historical carrying amounts, which
    approximate their fair value, with no goodwill or other
    intangible assets recorded.
</DIV>

<A name='207'>
<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">Regulatory
    Matters</FONT></B>
</DIV>
</A>
<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    The business combination and the transactions contemplated by
    the share exchange agreement are not subject to any additional
    federal or state regulatory requirements or approvals, including
    the HSR Act, except for filings with the State of Delaware,
    State of Arizona and the Cayman Islands necessary to effectuate
    the transactions contemplated by the redomestication and the
    share exchange agreement.
</DIV>
<A name='208'>
<DIV style="margin-top: 18pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">THE SHARE
    EXCHANGE AGREEMENT</FONT></B>
</DIV>

</A>
<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    The discussion in this proxy statement/prospectus of the
    business combination and the principal terms of the share
    exchange agreement described below is qualified in its entirety
    by reference to the copy of the share exchange agreement and the
    amendments to that agreement, which are attached as
    <U>Annex&#160;A-1</U>, <U>A-2</U>,<U> A-3</U>, and
    <U><FONT style="white-space: nowrap">A-4</FONT></U>
    to this document, and incorporated herein by reference. The
    following description summarizes the material provisions of the
    share exchange agreement, which agreement we urge you to read
    carefully because it is the principal legal document that
    governs the redomestication and the business combination.
</DIV>


<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    The representations and warranties described below and included
    in the share exchange agreement were made by the Ideation and
    SearchMedia parties as of specific dates. The assertions
    embodied in these representations and warranties may be subject
    to important qualifications and limitations agreed to by the
    Ideation and SearchMedia parties in connection with negotiating
    the share exchange agreement. The representations and warranties
    may also be subject to a contractual standard of materiality
    that may be different from what may be viewed as material to
    stockholders, or may have been used for the purpose of
    allocating risk among the Ideation and SearchMedia parties,
    rather than establishing matters as facts. The share exchange
    agreement is described in this proxy statement/prospectus and
    included as <U>Annex&#160;A</U> only to provide you with
    information regarding its terms and conditions at the time it
    was entered into by the parties.
</DIV>

<P align="center" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <BR>
    117
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<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Accordingly, you should read the representations and warranties
    in the share exchange agreement not in isolation but rather in
    conjunction with the other information contained in this
    document.
</DIV>
<A name='209'>
<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">General</FONT></B>
</DIV>

</A>
<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Ideation intends to change its domicile from the State of
    Delaware to the Cayman Islands by means of a merger with and
    into its wholly owned Arizona subsidiary, followed by such
    surviving Arizona subsidiary&#146;s conversion and continuation
    into a Cayman Islands exempted company. After the
    redomestication, the resulting Cayman Islands exempted company,
    ID Cayman, will acquire all of the outstanding shares of SM
    Cayman by issuing securities in ID Cayman to the SearchMedia
    shareholders and warrantholders.
</DIV>

<A name='210'>
<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">Basic
    Deal Terms</FONT></B>
</DIV>
</A>
<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    The redomestication will result in all of Ideation&#146;s issued
    and outstanding shares of common stock immediately prior to the
    redomestication converting into ordinary shares of ID Cayman,
    and all units, warrants and other rights to purchase
    Ideation&#146;s common stock immediately prior to the
    redomestication being exchanged for substantially equivalent
    securities of ID Cayman. Ideation will cease to exist and ID
    Cayman will be the continuing entity. In connection therewith,
    ID Cayman will assume all the property, rights, privileges,
    agreements, powers and franchises, debts, liabilities, duties
    and obligations of Ideation, which includes the assumption by ID
    Cayman of any and all agreements, covenants, duties and
    obligations of Ideation set forth in the share exchange
    agreement. At the effective time of the redomestication, the
    Memorandum and Articles of Association of ID Cayman will be
    effective and will replace ID Arizona&#146;s Articles of
    Incorporation and bylaws as the organizational documents of the
    continuing entity.
</DIV>


<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Immediately following the redomestication, ID Cayman will
    acquire each ordinary share and preferred share of SM Cayman
    issued and outstanding prior to the business combination in
    exchange for an aggregate of 6,662,727 ID Cayman ordinary
    shares. The holders of the outstanding warrants of SM Cayman
    prior to the business combination will receive warrants to
    purchase an aggregate of 1,519,186 ordinary shares of ID Cayman
    at a weighted average exercise price of $4.20. Each restricted
    share award of SM Cayman that has not fully vested prior to the
    business combination will be assumed by ID Cayman and converted
    into a restricted share award of ID Cayman. The holder of each
    such restricted share award of ID Cayman will be entitled to
    receive upon vesting a number of ID Cayman shares equal to
    (i)&#160;the number of ordinary shares of SM Cayman that were
    subject to the restricted share award prior to the business
    combination multiplied by (ii)&#160;0.0675374, rounded down to
    the nearest whole number of shares. The holders of any ID Cayman
    shares delivered upon the vesting of an ID Cayman restricted
    share award prior to the one&#160;year anniversary of the
    closing of the share exchange agreement shall be subject to
    transfer restrictions until such anniversary. Each share option
    of SM Cayman that has not been exercised prior to the business
    combination will be assumed by ID Cayman and converted into an
    option to purchase ordinary shares of ID Cayman. Each such
    option of ID Cayman will be exercisable for a number of ID
    Cayman ordinary shares equal to (i)&#160;the number of ordinary
    shares of SM Cayman that were subject to the option prior to the
    business combination multiplied by (ii)&#160;0.0675374, rounded
    down to the nearest whole number of shares. The per share
    exercise price of each such option of ID Cayman will be
    (i)&#160;the original per share exercise price of the option of
    SM Cayman divided by (ii)&#160;0.0675374, rounded up to the
    nearest whole cent. The weighted average exercise price of the
    ID Cayman options is $2.15. The holders of any ID Cayman shares
    delivered upon the exercise of an ID Cayman option prior to the
    one&#160;year anniversary of the closing of the share exchange
    agreement shall be subject to the transfer restrictions until
    such anniversary. Any Series&#160;D preferred shares of SM
    Cayman issued after the date of signing of the share exchange
    agreement shall be converted into (1)&#160;ordinary shares of ID
    Cayman using a ratio of one ordinary share per each $7.8815 of
    aggregate liquidation preference thereunder, rounding up to the
    nearest whole share, and (2)&#160;a number of warrants to
    purchase 0.25 of an ordinary share of ID Cayman, rounded up to
    the nearest whole share, at an exercise price per ordinary share
    of $7.8815, equal to such number of ID Cayman ordinary shares.
</DIV>


<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    As described under the heading &#147;ID Cayman New
    Warrants,&#148; ID Cayman Warrants will be issued to certain ID
    Cayman ordinary shareholders to purchase 0.25 of an ID Cayman
    Share. The exercise price per whole ID Cayman share underlying
    such warrants shall be $7.8815, and the aggregate number of
    shares underlying such warrants issued to any one holder shall
    be rounded up to the nearest whole share. Such
</DIV>

<P align="center" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <BR>
    118
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<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    issuance shall be conditioned upon the execution and delivery by
    such holder of a purchase agreement including customary
    registration rights with respect to the ID Cayman ordinary
    shares underlying the ID Cayman warrants.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    In addition, at the closing of the business combination, the
    principal amount outstanding under certain promissory notes
    issued to Frost Gamma Investments Trust and certain other
    investors and $10,000,000 of the principal amount outstanding
    under the promissory note issued to Linden Ventures shall be
    converted into (1)&#160;a number of ordinary shares of ID Cayman
    calculated by dividing such outstanding principal amounts by
    $7.8815, rounding up to the nearest whole share, and (2)&#160;a
    number of warrants to purchase 0.25 of an ordinary share of ID
    Cayman, at an exercise price per such ordinary share of $7.8815,
    equal to such number of ID Cayman ordinary shares, rounding up
    to the nearest whole share. At the closing of the business
    combination, $5,000,000 of the principal amount outstanding
    under the promissory note issued to Linden Ventures plus all
    accrued and unpaid interest thereon, plus $20,000 as
    reimbursement for lender&#146;s legal expenses, shall be paid in
    cash to Linden Ventures and all accrued and unpaid interest
    under the other promissory notes shall be paid in cash to the
    holders thereof.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Ideation has entered into a letter agreement with the Converting
    Noteholders and The Frost Group, LLC. Pursuant to the letter
    agreement, if at any time during the two years following the
    closing of the business combination, ID Cayman issues any
    preferred shares or other equity securities (including
    securities convertible into or exchangeable for preferred shares
    or other equity securities), the parties to the letter agreement
    will have the right to exchange, for such securities, any
    ordinary shares of ID Cayman acquired by them as a result of:
</DIV>

<DIV style="margin-top: 3pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="8%"></TD>
    <TD width="4%"></TD>
    <TD width="88%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    (1)&#160;
</TD>
    <TD align="left">
    conversion of an interim note from SM Cayman or the Linden Note;
</TD>
</TR>


<TR style="line-height: 3pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    (2)&#160;
</TD>
    <TD align="left">
    warrant exercises to satisfy the Sponsor Purchase Commitment
    Amount; or
</TD>
</TR>


<TR style="line-height: 3pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    (3)&#160;
</TD>
    <TD align="left">
    open market purchases or new issuances of Ideation shares to
    satisfy the Sponsor Purchase Commitment Amount,
</TD>
</TR>

</TABLE>


<DIV style="margin-top: 3pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    up to the amount of such issuance by ID Cayman. The valuation of
    the exchanged ordinary shares will be $7.8815 per share.
    Ideation will enter into the same letter agreement with any
    other person or entity that purchases Ideation shares in
    satisfaction of the Sponsor Purchase Commitment Amount after the
    date of such letter agreement.
</DIV>


<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    ID Cayman has also agreed to issue to the holders of the
    outstanding ordinary shares, Series&#160;A, Series&#160;B and
    Series&#160;C preferred shares and warrants of SM Cayman up to a
    maximum of 10,150,352 additional ID Cayman ordinary shares,
    which we refer to as the earn-out shares, pursuant to an
    earn-out provision in the share exchange agreement based on the
    adjusted net income of the combined company for the fiscal year
    ending December&#160;31, 2009. Holders of any other outstanding
    preferred shares (if any), share options or restricted share
    awards of SM Cayman will not be entitled to receive any of the
    10,150,352 earn-out shares, even if these securities are
    converted into (in the case of preferred shares) or exercised
    for (in the case of options), ordinary shares of SM Cayman, or
    vest (in the case of restricted share awards), before the
    closing of the business combination.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    The term &#147;adjusted net income&#148; means consolidated net
    income, as determined in accordance with generally accepted
    accounting principles of the United States consistently applied,
    excluding:
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="4%"></TD>
    <TD width="2%"></TD>
    <TD width="94%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    expenses arising from or in connection with dividends or deemed
    dividends paid or payable on any preferred shares of SM Cayman
    and the redemption features of any preferred shares of SM Cayman
    and other expenses relating to the preferential features of any
    preferred shares of SM Cayman;
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    any income or loss from a minority investment in any other
    entity by any of the SM Cayman group companies;
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    any expenses arising from or in connection with the issue of any
    preferred shares of SM Cayman;
</TD>
</TR>

</TABLE>


<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="4%"></TD>
    <TD width="2%"></TD>
    <TD width="94%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    any compensation charges attributable to the repurchase by SM
    Cayman of an aggregate of 3,000,000 ordinary and preferred
    shares of SM Cayman and the grants by SM Cayman of awards to
    employees of SM Cayman and its subsidiaries of options
    exercisable for an aggregate of 3,000,000 ordinary shares of
    SM&#160;Cayman;
</TD>
</TR>

</TABLE>


<P align="center" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <BR>
    119
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<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="4%"></TD>
    <TD width="2%"></TD>
    <TD width="94%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    non-cash financial expenses arising from the issuance of any
    &#147;equity securities&#148; (as defined in the Memorandum and
    Articles of Association of SM Cayman);
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    non-recurring extraordinary items (including, without
    limitation, any accounting charges, costs or expenses arising
    from or in connection with the transactions contemplated by the
    share exchange agreement);
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    any costs, expenses or other items relating or attributable to
    the Convertible Note and Warrant Agreement dated as of
    March&#160;17, 2008 among SM Cayman, Linden Ventures and the
    other parties thereto, as amended on September&#160;15, 2008,
    December&#160;18, 2008, March&#160;12, 2009 and August&#160;21,
    2009 (including the issuance of the &#147;Linden Note&#148; (as
    defined in the Convertible Note and Warrant Agreement), as
    amended on September&#160;15, 2008, December&#160;18, 2008,
    March&#160;12, 2009, and August&#160;21, 2009);
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    all revenues, expenses and other items (including
    acquisition-related charges) relating or attributable to the
    acquisition of a majority of the outstanding equity interests
    of, or all or substantially all of the assets of, any other
    entity or business by ID Cayman or any of the SM Cayman group
    companies following the closing of the business combination (not
    including the leasing or subleasing of a billboard, elevator
    frame unit or other media asset or advertising right);
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    the effect of any change in accounting principles;&#160;or
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    any accounting charges, costs or expenses incurred by ID Cayman
    or SM Cayman arising from or in connection with the issuance and
    delivery of any earn-out shares.
</TD>
</TR>

</TABLE>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    The 10,150,352 earn-out shares will be issued to the holders of
    ordinary shares, Series&#160;A, Series&#160;B and Series&#160;C
    preferred shares and warrants of SM Cayman:
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    If ID Cayman&#146;s adjusted net income for the fiscal year
    ending December&#160;31, 2009 is equal to or greater than
    $25.7&#160;million, ID Cayman will issue an aggregate number of
    earn-out shares calculated in accordance with the formula below.
    If ID Cayman&#146;s adjusted net income for the fiscal year
    ending December&#160;31, 2009 is equal to or greater than
    $38.4&#160;million, adjusted net income shall be deemed to be
    equal to $38.4&#160;million for purposes of the formula.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<TABLE border="0" width="100%" align="center" cellpadding="0" cellspacing="0" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
<!-- Table Width Row BEGIN -->
<TR style="font-size: 1pt" valign="bottom">
    <TD width="9%">&nbsp;</TD>	<!-- colindex=01 type=maindata -->
    <TD width="2%">&nbsp;</TD>	<!-- colindex=02 type=gutter -->
    <TD width="16%">&nbsp;</TD>	<!-- colindex=02 type=maindata -->
    <TD width="3%">&nbsp;</TD>	<!-- colindex=03 type=gutter -->
    <TD width="41%">&nbsp;</TD>	<!-- colindex=03 type=maindata -->
    <TD width="3%">&nbsp;</TD>	<!-- colindex=04 type=gutter -->
    <TD width="18%">&nbsp;</TD>	<!-- colindex=04 type=maindata -->
    <TD width="3%">&nbsp;</TD>	<!-- colindex=05 type=gutter -->
    <TD width="5%">&nbsp;</TD>	<!-- colindex=05 type=maindata -->
</TR>
<!-- Table Width Row END -->
<TR valign="bottom">
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="middle">
    <B>Earn-out shares&#160;=</B>
</TD>
<TD>
&nbsp;
</TD>
<TD align="center" valign="middle">
    <B>(2009 adjusted net income &#8722; $25.7 million)<BR>
    <DIV style="font-size: 3pt; margin-left: 0%; width: 100%; border-bottom: 1pt solid #000000"></DIV><!-- callerid=2083 iwidth=187 length=0 -->$12.7
    million</B>
</TD>
<TD>
&nbsp;
</TD>
<TD align="center" valign="middle">
    <B>&#215; 10,150,352 shares </B>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
</TABLE>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">

</DIV>




<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    If on or prior to April&#160;15, 2010 a bona fide definitive
    agreement is executed and the subsequent consummation of the
    transactions contemplated by such agreement results in a change
    of control of ID Cayman, then regardless of whether the targeted
    net income threshold has been met, ID Cayman shall issue and
    deliver all of the earn-out shares to the holders of ordinary
    shares, Series&#160;A, Series&#160;B and Series&#160;C preferred
    shares and warrants of SM Cayman, if the change of control is
    approved by a majority of the independent directors then on the
    board of directors of ID Cayman or the acquisition consideration
    delivered to the shareholders of ID Cayman in the change of
    control has a value (as determined in good faith by a majority
    of the independent directors then on the board of directors of
    ID Cayman) that is equal to at least $11.82 per share on a fully
    diluted basis (as equitably adjusted for any stock split,
    combinations, stock dividends, recapitalizations or similar
    events). Such earn-out share payments shall be issued and
    delivered promptly after the occurrence of such change of
    control.
</DIV>



<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Based on the trading price of Ideation common stock at
    September&#160;12, 2009, and using the treasury method of
    valuation of the warrants, options, and restricted share awards
    to be issued, the aggregate value of the securities to be issued
    as consideration at the closing of the business combination
    (inclusive of the maximum number of earn-out shares to be
    issued) will be $157.0&#160;million.
</DIV>


<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Upon the consummation of the redomestication and the business
    combination, ID Cayman will own 100% of the issued and
    outstanding ordinary shares of SM Cayman. The following
    wholly-owned direct subsidiaries of SM Cayman are parties to the
    share exchange agreement: (i)&#160;Jieli Investment Management
    Consulting (Shanghai) Co., Ltd. and Jieli Network Technology
    Development (Shanghai) Co., Ltd., both of which are
    PRC-incorporated; and (ii)&#160;Ad-Icon Company Limited and
    Great Talent Holdings Limited, both of
</DIV>

<P align="center" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <BR>
    120
</DIV><!-- END PAGE WIDTH -->
<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>

<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    which are Hong Kong-incorporated. Shanghai Jingli Advertising
    Co., Ltd., a variable interest entity of SM Cayman, is also
    party to the share exchange agreement. We refer to SM Cayman and
    these subsidiaries and variable interest entity as the
    &#147;SearchMedia entities.&#148; For a description of the
    agreements between SearchMedia and its variable interest
    entities, please see &#147;Information about
    SearchMedia&#160;&#151; Corporate Ownership
    Structure&#160;&#151; Contractual Arrangements with Jingli
    Shanghai and its Shareholders.&#148;
</DIV>
<A name='211'>
<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">Representations
    and Warranties</FONT></B>
</DIV>
</A>
<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    In the share exchange agreement, the SearchMedia entities make
    certain representations and warranties (subject to certain
    exceptions) relating to, among other things:
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="4%"></TD>
    <TD width="2%"></TD>
    <TD width="94%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    capital structure;
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    proper corporate organization and similar corporate matters;
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    authorization, execution, delivery and enforceability of the
    share exchange agreement and other transaction documents;
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    absence of conflicts with the organizational documents, material
    contracts and material permits of the SearchMedia entities;
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    required consents and approvals;
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    financial information and absence of undisclosed liabilities;
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    absence of certain changes or events;
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    absence of undisclosed litigation;
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    licenses and permits;
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    title to shares, properties and assets;
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    ownership of intellectual property;
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    taxes;
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    employment matters;
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    transactions with affiliates and employees;
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    insurance coverage;
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    material contracts;
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    compliance with laws, including local PRC laws and those
    relating to foreign corrupt practices and money laundering;
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    brokers and finders;
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    representations regarding matters related to the Office of
    Foreign Assets Control of the U.S.&#160;Treasury
    Department;&#160;and
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    environmental matters.
</TD>
</TR>

</TABLE>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    In the share exchange agreement, the Ideation parties make
    certain representations and warranties (subject to certain
    exceptions) relating to, among other things:
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="4%"></TD>
    <TD width="2%"></TD>
    <TD width="94%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    capital structure;
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    proper corporate organization and similar corporate matters;
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    authorization, execution, delivery and enforceability of the
    share exchange agreement and other transaction documents;
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    absence of conflicts with the organizational documents, material
    contracts and material permits of Ideation;
</TD>
</TR>

</TABLE>

<P align="center" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <BR>
    121
</DIV><!-- END PAGE WIDTH -->
<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>

<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="4%"></TD>
    <TD width="2%"></TD>
    <TD width="94%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    required consents and approvals;
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    SEC filings;
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    internal accounting controls;
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    absence of certain changes or events;
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    absence of undisclosed liabilities;
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    absence of litigation;
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    compliance with laws, including the Sarbanes-Oxley Act of 2002
    and foreign corrupt practices and money laundering;
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    brokers and finders;
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    minute books;
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    votes required by the Ideation board of directors and
    stockholders;
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    quotation of securities on NYSE Amex;
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    information with respect to the trust account;
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    transactions with affiliates and employees;
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    material contracts;&#160;and
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    taxes.
</TD>
</TR>

</TABLE>
<A name='212'>
<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">Conduct
    of Business Pending Closing</FONT></B>
</DIV>
</A>
<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    The SearchMedia entities agreed to (and each of the SearchMedia
    shareholders agreed to use commercially reasonable efforts to)
    cause each of the SM Cayman group companies to (i)&#160;carry on
    its business in the ordinary course in substantially the same
    manner as previously conducted and in compliance in all material
    respects with applicable laws, to pay all debts and taxes when
    due, to pay or perform other obligations when due and to use
    commercially reasonable efforts to preserve intact its business
    organizations and (ii)&#160;use commercially reasonable efforts
    to keep available the services of its present officers,
    directors and employees and to preserve relationships with
    customers, suppliers, distributors, licensors, licensees and
    others having business dealings with&#160;it.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    The SearchMedia entities agreed not to (and each of the
    SearchMedia entities and the SearchMedia shareholders agreed to
    use commercially reasonable efforts to cause each of the SM
    Cayman group companies not to), without the prior written
    consent of Ideation (not to be unreasonably delayed or withheld):
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="4%"></TD>
    <TD width="2%"></TD>
    <TD width="94%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    amend their respective organizational documents;
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    change any method of accounting or accounting principles or
    practices, except as required by U.S.&#160;GAAP or applicable
    law;
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    declare or pay dividends or alter their capital structure;
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    enter into, violate, amend or otherwise modify or waive any
    material contracts, other than in the ordinary course of
    business;
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    issue, deliver or sell or authorize or propose the issuance,
    delivery or sale of, or purchase or propose the purchase of, any
    shares of their capital stock or securities convertible into or
    exchangeable for their capital stock, or pledge or encumber any
    securities of any SM Cayman group company;
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    transfer or license intellectual property;
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    sell, lease (other than in the ordinary course of business),
    license or otherwise dispose of or encumber properties or assets
    that are material, individually or in the aggregate, to its
    business;
</TD>
</TR>

</TABLE>

<P align="center" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <BR>
    122
</DIV><!-- END PAGE WIDTH -->
<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>

<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="4%"></TD>
    <TD width="2%"></TD>
    <TD width="94%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    incur or guarantee any indebtedness in excess of $1,000,000 in
    aggregate (other than in connection with the transactions
    contemplated by the share exchange agreement), or mortgage,
    pledge or grant a security interest in any material asset of any
    SM Cayman group company;
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    pay, discharge or satisfy any claims, liabilities or obligations
    in excess of $1,000,000, other than in the ordinary course of
    business or with respect to certain acquisition agreements,
    certain liabilities reflected or reserved against in the SM
    Cayman financial statements or the transactions contemplated by
    the share exchange agreement;
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    make any capital expenditures, additions or improvements, except
    in the ordinary course of business not exceeding $1,000,000;
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    acquire any business or assets, which are material, individually
    or in aggregate, to their business;
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    except as required to comply with applicable law and except for
    pre-existing agreements, (a)&#160;take any action with respect
    to any employment, severance, retirement, retention, incentive
    or similar agreement for the benefit of any current or former
    director, or executive officer or any collective bargaining
    agreement, (b)&#160;increase in any material respect the
    compensation or fringe benefits of, or pay any bonus to, any
    director or executive officer, (c)&#160;materially amend or
    accelerate the payment, right to payment or vesting of any
    compensation or benefits, (d)&#160;pay any material benefit not
    provided for as of the date of the share exchange agreement
    under any benefit plan, or (e)&#160;grant any awards under any
    compensation plan or benefit plan, or remove the existing
    restrictions in any such plans;
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    open or close any facility or office except in the ordinary
    course of business;
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    make or change any material tax election, adopt or change any
    accounting method in respect of taxes, file any tax return or
    any amendment to a tax return, enter into any closing agreement,
    settle any claim or assessment in respect of taxes, or consent
    to any extension or waiver of the limitation period applicable
    to any claim or assessment in respect of taxes;
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    initiate, compromise or settle any material litigation or
    arbitration proceedings relating to an amount in excess of
    $1,000,000;
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    make any loans, advances or capital contributions, except for
    advances for travel and other normal business expenses in the
    ordinary course of business;
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    except for ordinary compensation and benefits and except for
    pre-existing agreements, make any payments or series of payments
    in excess of $10,000 to any officers, directors, employees or
    shareholders;
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    enter into any material contract or other transaction with any
    affiliate of an SM Cayman company, except in connection with the
    transactions contemplated by the share exchange
    agreement;&#160;and
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    except as required by applicable law or generally accepted
    accounting principles of the United States, revalue a material
    amount of the assets of any SM Cayman company.
</TD>
</TR>

</TABLE>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Ideation agreed to (and to cause ID Arizona to) (i)&#160;carry
    on its business in the ordinary course in substantially the same
    manner as previously conducted, to pay all debts and taxes when
    due, to pay or perform other obligations when due and to use
    commercially reasonable efforts to preserve intact its business
    organizations and (ii)&#160;use commercially reasonable efforts
    to keep available the services of its present officers,
    directors and employees and to preserve relationships with
    others having business dealings with&#160;it.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Ideation agreed not to, without the prior written consent of
    SearchMedia (not to be unreasonably delayed or withheld):
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="4%"></TD>
    <TD width="2%"></TD>
    <TD width="94%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    amend its organizational documents;
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    change any method of accounting or accounting principles or
    practices, except as required by U.S.&#160;GAAP or applicable
    law;
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    fail to timely file or furnish any SEC reports;
</TD>
</TR>

</TABLE>

<P align="center" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <BR>
    123
</DIV><!-- END PAGE WIDTH -->
<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>

<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="4%"></TD>
    <TD width="2%"></TD>
    <TD width="94%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    declare or pay any dividends, make any distributions or alter
    its capital structure;
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    sell, lease, license or otherwise dispose of or encumber any
    material properties or assets;
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    enter into, violate, amend or otherwise modify or waive any
    material term of any material contract, other than in the
    ordinary course of business;
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    issue, deliver or sell or authorize or propose the issuance,
    delivery or sale of, or purchase or propose the purchase of, any
    shares of its capital stock or securities convertible into or
    exchangeable for its capital stock, or pledge or encumber any
    securities of ID Arizona;
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    incur or guarantee any indebtedness in excess of $250,000 in the
    aggregate (other than in connection with the transactions
    contemplated by the share exchange agreement), or mortgage,
    pledge or grant a security interest in any material asset of
    Ideation or ID Arizona;
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    pay, discharge or satisfy any claims, liabilities or obligations
    in excess of $250,000, other than in the ordinary course of
    business, with respect to any liabilities reflected or reserved
    against in the Ideation financial statements, or in connection
    with the transactions contemplated by the share exchange
    agreement;
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    make any capital expenditures, additions or improvements;
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    acquire any business or assets, which are material, individually
    or in the aggregate, to its business, or any equity securities
    of any corporation or business organization;
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    make or change any material tax election, adopt or change any
    accounting method in respect of taxes, file any tax return or
    any amendment to a tax return, enter into any closing agreement,
    settle any claim or assessment in respect of taxes, or consent
    to any extension or waiver of the limitation period applicable
    to any claim or assessment in respect of taxes;
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    initiate, compromise or settle any material litigation or
    arbitration proceedings;&#160;and
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    enter into any material contract or other transaction with any
    affiliate of Ideation, except in connection with the
    transactions contemplated by the share exchange agreement.
</TD>
</TR>

</TABLE>
<A name='213'>
<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">Covenants</FONT></B>
</DIV>
</A>
<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    The share exchange agreement also contains additional covenants
    of the parties, including covenants providing for:
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="4%"></TD>
    <TD width="2%"></TD>
    <TD width="94%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    the SM Cayman preferred shareholders and SM Cayman to convert
    all preferred shares of SM Cayman into an aggregate of
    69,532,866 ordinary shares of SM Cayman, prior to the closing of
    the business combination;
</TD>
</TR>

</TABLE>


<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="4%"></TD>
    <TD width="2%"></TD>
    <TD width="94%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    prior to the closing of the business combination, (a)&#160;each
    of the SM entities to, and each of the SM Cayman shareholders to
    use commercially reasonable efforts to, cause the relevant SM
    Cayman group companies to: (i)&#160;register with the competent
    PRC State Administration of Industry and Commerce the equity
    pledge set forth in the Equity Pledge Agreement dated
    September&#160;10, 2007 among Jieli Consulting, Jingli Shanghai
    and its shareholders; and (ii)&#160;amend the power of attorney
    dated September&#160;10, 2007 by the shareholders of Jieli
    Consulting to provide Jieli Consulting with the right to change
    the agent under such power of attorney, (b)&#160;each of SM
    entities and each of the SM Cayman shareholders to use
    commercially reasonable efforts to amend each acquisition
    agreement for each subsidiary of Jingli Shanghai to provide that
    following the closing (A)&#160;up to 75% of the earn-out or
    other contingent payment due thereunder with respect to
    2010&#160;may be paid, at the option of ID Cayman, in equity
    securities of ID Cayman, and (B)&#160;in all other instances,
    all earn-outs or other contingent payments will be made in cash,
    provided that all such amendments shall be approved by Ideation
    prior to the execution thereof, (c)&#160;Ms.&#160;Qinying Liu
    and Ms.&#160;Le Yang to use commercially reasonable efforts to
    complete the Circular No.&#160;75 registration with the local
    branch of the PRC State Administration of Foreign Exchange with
    respect to Ms.&#160;Liu and Ms.&#160;Yang through the closing of
    SM Cayman&#146;s sale of Series&#160;C preferred shares; and
    (d)&#160;all amounts owing by Ms.&#160;Liu and Ms.&#160;Yang to
</TD>
</TR>

</TABLE>


<P align="center" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <BR>
    124
</DIV><!-- END PAGE WIDTH -->
<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>

<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="4%"></TD>
    <TD width="2%"></TD>
    <TD width="94%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>
</TD>
    <TD align="left">
    SM&#160;Cayman shall have been repaid in accordance with a
    repayment agreement dated as of June&#160;23, 2009 among
    SM&#160;Cayman, Ms.&#160;Liu and Ms.&#160;Yang.
</TD>
</TR>

</TABLE>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="4%"></TD>
    <TD width="2%"></TD>
    <TD width="94%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    the SearchMedia entities and Ideation to use commercially
    reasonable efforts to give or obtain all necessary approvals
    from and notices to governmental authorities and other third
    parties that are required for the consummation of the
    transactions contemplated by the share exchange agreement,
    subject to certain limitations;
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    the protection of confidential information of the parties
    subject to certain exceptions as required by law, regulation or
    legal or administrative process, and, subject to the
    confidentiality requirements, the provision of reasonable access
    to information;
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    the parties to supplement or amend their respective disclosure
    schedules, as of the date of the closing of the business
    combination, with respect to any matter that has resulted in or
    could reasonably be expected to result in a breach of any
    representation or warranty made by them in the share exchange
    agreement;
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    Ideation and the SM entities to cooperate in the preparation of
    any press release or public announcement related to the share
    exchange agreement or related transactions;
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    the SearchMedia parties waive all right, title, interest or
    claim of any kind against the trust account that they may have
    in the future and will not seek recourse against the trust
    account for any reason;
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    for a period of 18&#160;months after the closing of the business
    combination, the SearchMedia shareholders to hold in strict
    confidence, and not disclose, unless required by applicable law,
    or misuse in any way all confidential information relating to SM
    Cayman and its subsidiaries and affiliates;
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    for a period of 18&#160;months after the closing of the business
    combination, the SearchMedia shareholders (other than Deutsche
    Bank) not to directly or indirectly (a)&#160;solicit any
    employee of ID Cayman or any of the SM Cayman group companies at
    the vice president level or above or (b)&#160;hire any employee
    of ID Cayman or any of the SM Cayman group companies at the vice
    president level or above;
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    Ideation to prepare, file and mail this proxy
    statement/prospectus and to hold a stockholder meeting to
    approve the transactions contemplated by the share exchange
    agreement and to agree to provide SearchMedia with any
    correspondence received from or to be sent to the SEC and allow
    SearchMedia the opportunity to review and comment on any
    proposed responses thereto;
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    ID Arizona or ID Cayman to adopt appropriate board resolutions
    so that any acquisitions of ID Cayman shares resulting from the
    transactions contemplated by the share exchange agreement by an
    individual who is subject or will be subject to the reporting
    requirements of Section&#160;16(a) of the Securities Exchange
    Act of 1934 is exempt under Rule&#160;16b-3 under the Exchange
    Act;
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    the SearchMedia parties to use commercially reasonable efforts
    to provide any information required under applicable law for
    inclusion in the proxy statement/prospectus, and any such
    information so provided shall not contain, at the time such
    proxy statement/prospectus is filed with the SEC or becomes
    effective under the Securities Act, any untrue statement of
    material fact nor omit to state any material fact required to be
    stated therein or necessary in order to make the statements
    therein, in the light of the circumstances under which they are
    made, not misleading;
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    Ideation and the SearchMedia parties to use commercially
    reasonable efforts to fulfill the closing conditions in the
    share exchange agreement;
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    Ideation and the SearchMedia entities to (and the SearchMedia
    entities to cause the SM Cayman group companies to) timely file
    all tax returns and other documents required to be filed with
    applicable governmental authorities, and to pay all taxes due on
    such returns;
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    Ideation and the SearchMedia entities to provide prompt written
    notice to the other party of any event or development that
    occurs that is of a nature that, individually or in the
    aggregate, would have or
</TD>
</TR>

</TABLE>

<P align="center" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <BR>
    125
</DIV><!-- END PAGE WIDTH -->
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<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="6%"></TD>
    <TD width="2%"></TD>
    <TD width="92%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>
</TD>
    <TD align="left">
    reasonably be expected to have a material adverse effect on the
    disclosing party, or would require any amendment or supplement
    to this proxy statement/prospectus;
</TD>
</TR>

</TABLE>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="4%"></TD>
    <TD width="2%"></TD>
    <TD width="94%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    Ideation to ensure that the ID Cayman ordinary shares to be
    issued to the SearchMedia shareholders (including ID Cayman
    ordinary shares issued upon the exercise of the warrants
    received by certain SearchMedia warrantholders at the closing of
    the business combination) will be duly authorized, validly
    issued, fully paid and nonassessable;&#160;and
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    the delivery of certain financial statements by each of the
    SearchMedia entities and the SM Cayman shareholders which will
    show that the net income and EBITDA set forth in the financial
    statements for the 2008 fiscal year shall not be less than
    $15,297,000 and $30,218,000, respectively, and in the financial
    statements for the first quarter of 2009 shall not be less than
    $5,085,000 and $9,513,000, respectively.
</TD>
</TR>

</TABLE>


<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="4%"></TD>
    <TD width="2%"></TD>
    <TD width="94%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    the Ideation parties and the SM Cayman entities have agreed to
    use commercially reasonable efforts to reduce the expenses
    incurred by each such group, respectively, by $2,000,000.
</TD>
</TR>

</TABLE>

<A name='214'>
<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">Exclusivity;
    No Other Negotiation</FONT></B>
</DIV>
</A>
<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Pursuant to the share exchange agreement, none of the
    SearchMedia entities or the SearchMedia shareholders may take
    (and the SearchMedia shareholders have agreed to use
    commercially reasonable efforts to cause each SM Cayman group
    company not to take), directly or indirectly, any action to
    initiate, assist, solicit, negotiate, or encourage any offer,
    inquiry or proposal from any person other than Ideation:
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="4%"></TD>
    <TD width="2%"></TD>
    <TD width="94%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    relating to an acquisition proposal, which means the acquisition
    of any shares, registered capital or other equity securities of
    any of the SM Cayman group companies or any assets of any of the
    SM Cayman group companies other than sales of assets in the
    ordinary course of business;
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    to reach any agreement or understanding for, or otherwise
    attempt to consummate, any acquisition proposal with any of the
    SM Cayman group companies
    <FONT style="white-space: nowrap">and/or</FONT> any
    SearchMedia shareholders;
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    to participate in discussions or negotiations with or to furnish
    or cause to be furnished any information with respect to the SM
    Cayman group companies or afford access to the assets and
    properties or books and records of the SM Cayman group companies
    to any person whom any of the SM Group companies knows or has
    reason to believe is in the process of considering any
    acquisition proposal relating to the SM Cayman group companies;
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    to facilitate any effort or attempt by any person to do or seek
    any of the foregoing;&#160;or
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    to take any other action that is inconsistent with the
    transactions contemplated by the share exchange agreement and
    that has the primary effect of avoiding the closing of the share
    exchange agreement.
</TD>
</TR>

</TABLE>


<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Notwithstanding the foregoing, SM Cayman or its board of
    directors may engage in discussions with any person who has made
    an unsolicited bona fide written acquisition proposal that the
    board of directors or SM Cayman determines in good faith
    constitutes, or could reasonably be expected to result in, an SM
    superior proposal provided that such discussions shall not limit
    or impair the enforceability of the share exchange agreement
    against the SearchMedia parties prior to the termination of the
    share exchange agreement. An SM superior proposal means any bona
    fide (i)&#160;proposal or offer for a business combination
    involving SM Cayman, (ii)&#160;proposal for the issuance by SM
    Cayman of over 50% of the SM ordinary shares as consideration
    for the assets or securities of another person, or
    (iii)&#160;proposal or offer to acquire in any manner, directly
    or indirectly, over 50% of the SM ordinary shares or
    consolidated total assets of SM Cayman, in each case other than
    the business combination with Ideation, made by a third party,
    and which is otherwise on terms and conditions which the board
    of directors of SM Cayman or any committee thereof determines in
    its reasonable judgment (after consultation with financial
    advisors) to be more favorable to holders of SM ordinary shares
    than the business combination with Ideation.
</DIV>


<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Pursuant to the share exchange agreement, Ideation may not take
    directly or indirectly, any action to initiate, assist, solicit,
    negotiate, or encourage any offer, inquiry or proposal from any
    person relating to the
</DIV>

<P align="center" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <BR>
    126
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<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    acquisition of that person or Ideation, or take any other action
    that has the primary effect of avoiding the closing of the
    business combination with SearchMedia. Notwithstanding the
    foregoing, Ideation or its board of directors may engage in
    discussions with any person who has made an unsolicited bona
    fide written acquisition proposal that the board of directors or
    Ideation determines in good faith constitutes, or could
    reasonably be expected to result in, an ID superior proposal. An
    ID superior proposal means any bona fide (i)&#160;proposal or
    offer for a business combination involving Ideation,
    (ii)&#160;proposal for the issuance by Ideation of over 50% of
    the Ideation common stock as consideration for the assets or
    securities of another person or (iii)&#160;proposal or offer to
    acquire in any manner, directly or indirectly, over 50% of the
    Ideation common stock or consolidated total assets of Ideation,
    in each case other than the business combination with
    SearchMedia, made by a third party, and which is otherwise on
    terms and conditions which the board of directors of Ideation or
    any committee thereof determines in its reasonable judgment
    (after consultation with financial advisors) to be more
    favorable to holders of Ideation common stock than the business
    combination with SearchMedia. Beginning on June&#160;30, 2009,
    however, the Ideation parties may engage in the activities
    described above with respect to an acquisition proposal;
    provided, that any definitive agreement entered into relating to
    such acquisition proposal must provide that the closing be
    conditioned on the prior termination of the share exchange
    agreement in accordance with its terms.
</DIV>
<A name='215'>
<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">Additional
    Agreements and Covenants</FONT></B>
</DIV>
</A>
<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 2%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><I><FONT style="font-family: 'Times New Roman', Times">Board
    Composition</FONT></I></B>
</DIV>


<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Upon the consummation of the business combination, the initial
    ID Cayman board of directors will consist of eight directors, of
    which the SearchMedia shareholders&#146; representatives will
    designate four directors to ID Cayman&#146;s board and the
    Ideation representative, as provided in the share exchange
    agreement, will designate four directors. Of the four directors
    designated by each of SearchMedia and Ideation (i)&#160;at least
    two directors designated by the Ideation representative and
    three directors designated by the SearchMedia shareholders&#146;
    representatives shall be &#147;independent directors&#148; as
    defined in the rules and regulations of the NYSE Amex and
    (ii)&#160;at least one of the Ideation directors and three of
    the SearchMedia directors shall be non U.S. citizens. Upon the
    consummation of the business combination, ID Cayman&#146;s
    directors are expected to be Ms.&#160;Qinying Liu, Mr.&#160;Earl
    Yen, Mr.&#160;Jianzhong Qu, Mr.&#160;Larry Lu, Mr.&#160;Robert
    Fried, Mr.&#160;Steven&#160;D. Rubin, Mr.&#160;Glenn Halpryn,
    and Mr.&#160;Chi-Chuan Chen. Messrs.&#160;Yen, Qu, Lu, Halpryn,
    and Chen are expected to be independent directors.
</DIV>


<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    At the closing of the business combination, ID Cayman will enter
    into a voting agreement with CSV, Qinying Liu, Le Yang, Vervain
    Equity Investment Limited, Sun Hing Associates Limited, and
    Linden Ventures, each a SearchMedia shareholder and/or
    warrantholder, and Frost Gamma Investments Trust, Robert Fried,
    Rao Uppaluri, Steven Rubin and Jane Hsiao. The voting agreement
    provides, among other things, that, for a period commencing on
    the closing of the business combination and ending on the third
    anniversary of the date of the voting agreement, each party to
    the voting agreement will agree to vote in favor of the director
    nominees nominated by the Ideation representative and SM Cayman
    shareholders&#146; representatives as provided in the share
    exchange agreement. The voting agreement is attached as
    <U>Annex&#160;F</U> hereto. We encourage you to read the voting
    agreement in its entirety.
</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 2%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><I><FONT style="font-family: 'Times New Roman', Times">Director
    and Officer Insurance</FONT></I></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    As soon as practicable, Ideation will file an application with a
    reputable insurance company seeking, and otherwise use
    commercially reasonable efforts to obtain, a tail liability
    insurance policy that will be purchased by ID Cayman at the
    closing covering those persons who are currently covered by
    Ideation&#146;s directors&#146; and officers&#146; liability
    insurance policy. Such policy shall (to the extent available in
    the market) have a price not exceeding 300% of the premium paid
    by Ideation as of the date of closing of the share exchange
    agreement and coverage in amount and scope at least as favorable
    to such persons as Ideation&#146;s coverage as of the closing
    date (or as much as is available for such price), which policy
    shall continue for at least six years following the closing.
</DIV>

<P align="center" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <BR>
    127
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<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->

<DIV align="left" style="margin-left: 2%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><I><FONT style="font-family: 'Times New Roman', Times">Estimates,
    Projections and Forecasts</FONT></I></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Pursuant to the share exchange agreement, Ideation has
    acknowledged that none of the SearchMedia parties or Linden
    Ventures made any representations or warranties whatsoever with
    respect to any estimates, projections or other forecasts and
    plans (including the reasonableness of the assumptions
    underlying such estimates, projections or forecasts) regarding
    the SM Cayman group companies, their business, the Chinese media
    market (including without limitation the in-elevator and outdoor
    billboard advertising markets) or any other matters. Ideation
    agreed to take full responsibility for making its own evaluation
    of the adequacy and accuracy of all estimates, projections and
    other forecasts and plans (including the reasonableness of the
    assumptions underlying such estimates, projections and
    forecasts), and that Ideation has no claim against the
    SearchMedia parties, Linden Ventures, or anyone else with
    respect to any such estimates, projections or forecasts, except
    as otherwise provided in the share exchange agreement.
    SearchMedia has expressly disclaimed any representations or
    warranties as to the reasonableness of the assumptions and
    estimates. Inclusion of the prospective financial information in
    this proxy statement/prospectus should not be regarded as a
    representation by any person that the results contained in the
    prospective financial information will be achieved.
</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 2%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><I><FONT style="font-family: 'Times New Roman', Times">Internal
    Audit Function</FONT></I></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    The SearchMedia parties shall cause (to the extent not
    prohibited under Cayman Islands law) ID Cayman to engage an
    independent registered public accounting firm, which firm is not
    otherwise engaged by ID Cayman, to report to its audit committee
    and oversee the internal audit function of ID Cayman for a
    period of three years after the closing of the business
    combination. The audit committee of ID Cayman may waive
    compliance with this covenant prior to the end of the
    3&#160;year period if it determines that ID Cayman has
    sufficient internal resources to comply with applicable legal
    requirements relating to its internal audit function.
</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 2%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><I><FONT style="font-family: 'Times New Roman', Times">Ideation
    Share Purchases</FONT></I></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    After April&#160;1, 2009, Ideation may seek to purchase, or
    enter into contracts to purchase, shares of Ideation common
    stock either in the open market or in privately negotiated
    transactions. Any such purchases and contracts would be effected
    pursuant to a 10b(5)-1 plan or at a time when Ideation, its
    initial stockholders or their affiliates are not aware of
    material nonpublic information regarding Ideation or its
    securities. Such purchases could involve the incurrence of
    indebtedness by Ideation, payment of significant fees or
    interest payments or the issuance of any additional Ideation
    securities. Any purchases other than ordinary course purchases
    shall require the prior approval of the SM Cayman
    shareholders&#146; representatives, any such approval not to be
    unreasonably withheld or delayed. If such approval is
    unreasonably withheld or delayed under certain circumstances,
    the obligation of The Frost Group, LLC to make sponsor purchases
    (discussed below) will terminate. An ordinary course purchase is
    a forward purchase between Ideation and a non-affiliate Ideation
    stockholder in which Ideation will purchase some or all of such
    stockholders&#146; shares of Ideation after closing, which
    contracts are not binding on SM Cayman or its assets. A
    condition to the closing of such contracts will be that all
    shares purchased would be voted in favor of the business
    combination. These purchases or arrangements could result in an
    expenditure of a substantial amount of funds in the trust
    account.
</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 2%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><I><FONT style="font-family: 'Times New Roman', Times">ID
    Cayman New Warrants</FONT></I></B>
</DIV>


<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    In consideration of the Sponsor Purchase Commitment Amount and
    the commitment of Converting Noteholders to convert such notes
    to ordinary shares of ID Cayman, The Frost Group, LLC and its
    affiliates and the Converting Noteholders shall, immediately
    prior to closing of the business combination, be issued a
    warrant to purchase 0.25 of an ID Cayman share for each share
    purchased in satisfaction of the Sponsor Purchase Commitment
    Amount or acquired upon conversion of such notes. The exercise
    price per whole ID Cayman Share underlying such warrants shall
    be $7.8815, and the aggregate number of shares underlying such
    warrants held by any particular warrantholder shall be rounded
    up to the nearest whole share.
</DIV>


<P align="center" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <BR>
    128
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<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->

<DIV align="left" style="margin-left: 2%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><I><FONT style="font-family: 'Times New Roman', Times">Post-Closing
    Financing</FONT></I></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Ideation has entered into a letter agreement with the Converting
    Noteholders and The Frost Group, LLC. Pursuant to the letter
    agreement, if at any time during the two years following the
    closing of the business combination, ID Cayman issues any
    preferred shares or other equity securities (including
    securities convertible into or exchangeable for preferred shares
    or other equity securities), the parties to the letter agreement
    will have the right to exchange, for such securities, any
    ordinary shares of ID Cayman acquired by them as a result of:
</DIV>

<DIV style="margin-top: 3pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="8%"></TD>
    <TD width="4%"></TD>
    <TD width="88%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    (1)&#160;
</TD>
    <TD align="left">
    conversion of an interim note from SM Cayman or the Linden Note;
</TD>
</TR>


<TR style="line-height: 3pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    (2)&#160;
</TD>
    <TD align="left">
    warrant exercises to satisfy the Sponsor Purchase Commitment
    Amount; or
</TD>
</TR>


<TR style="line-height: 3pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    (3)&#160;
</TD>
    <TD align="left">
    open market purchases or new issuances of Ideation shares to
    satisfy the Sponsor Purchase Commitment Amount,
</TD>
</TR>

</TABLE>


<DIV style="margin-top: 3pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    up to the amount of such issuance by ID Cayman. The valuation of
    the exchanged ordinary shares will be $7.8815 per share.
    Ideation will enter into the same letter agreement with any
    other person or entity that purchases Ideation shares in
    satisfaction of the Sponsor Purchase Commitment Amount after the
    date of such letter agreement.
</DIV>


<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 2%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><I><FONT style="font-family: 'Times New Roman', Times">Series&#160;D
    Financing</FONT></I></B>
</DIV>


<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Until the effective date of this proxy statement/prospectus, SM
    Cayman is permitted to raise capital pursuant to an issuance of
    SM Cayman Series&#160;D preferred shares, on terms and
    conditions agreed upon by Ideation and SM Cayman, as long as
    such financing results in maximum aggregate proceeds to SM
    Cayman of $15,000,000 and no dividends accrue on such
    Series&#160;D preferred shares until the end of the first full
    calendar quarter after the closing of the business combination.
    Any Series&#160;D preferred shares of SM Cayman shall be
    converted into a number of warrants (each such new warrant to be
    entitled to purchase 0.25 of an ordinary share of ID Cayman at
    an exercise price per ordinary share of $7.8815) equal to such
    number of ID Cayman ordinary shares using a ratio of one
    ordinary share per each $7.8815 of aggregate liquidation
    preference thereunder, rounding up to the nearest whole share.
    SM Cayman is also permitted to discuss with potential lenders
    the terms of a subordinated debt financing, provided that
    Ideation has to consent prior to SM Cayman entering into an
    agreement or commitment with respect to any such financing.
    Assuming the maximum allowable Series&#160;D financing, an
    aggregate of up to approximately 1.9&#160;million ordinary
    shares could be issued. ID Cayman could also issue approximately
    0.5&#160;million warrants to purchase ordinary shares of ID
    Cayman.
</DIV>


<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 2%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><I><FONT style="font-family: 'Times New Roman', Times">Sponsor
    Purchases</FONT></I></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Commencing on April&#160;1, 2009 and continuing until no later
    than 4:30&#160;p.m.&#160;Eastern time on the day that is two
    business days before the Ideation stockholders meeting, The
    Frost Group, LLC, through itself, its affiliates or others, will
    purchase
    <FONT style="white-space: nowrap">and/or</FONT> enter
    into forward contracts to purchase shares of Ideation common
    stock in the open market or in privately negotiated transactions
    in an amount, which we refer to as the Sponsor Purchase
    Commitment Amount, equal to the lesser of (i)&#160;an aggregate
    expenditure of $18.25&#160;million and (ii)&#160;an amount that,
    when combined with certain purchases of Ideation common stock by
    Ideation, certain warrant exercises and proxies delivered by
    Ideation stockholders not electing their conversion rights would
    result in ID Cayman having an aggregate of not less than
    $18.25&#160;million in cash available to it in its trust account
    (or any other accounts) immediately after the closing of the
    business combination and before payment of expenses. Such
    purchases will be conducted in compliance with the Securities
    Act, the Exchange Act and any other applicable law.
</DIV>


<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    The Frost Group, LLC, through itself, its affiliates or others,
    owns 777,900 IPO Shares consisting of
    (i)&#160;250,000&#160;shares acquired as part of
    250,000&#160;units purchased in the IPO,
    (ii)&#160;206,800&#160;shares purchased between the date of the
    IPO and March&#160;31, 2009, and (iii)&#160;321,100&#160;shares
    purchased between April&#160;1, 2009 and September&#160;21, 2009
    pursuant to arrangements described above. In addition, The Frost
    Group, LLC, through itself, its affiliates or others, have
    purchased warrants to acquire 1,291,200&#160;shares (including
    250,000 warrants acquired as part of 250,000&#160;units
    purchased in the IPO). The aggregate amount of shares purchased
    pursuant to these arrangements and the total number of IPO
    Shares held by The Frost Group, LLC, through
</DIV>


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    <BR>
    129
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<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    itself, its affiliates or others will be disclosed to Ideation
    stockholders in a Current Report on Form&#160;8-K as soon as
    practicable before the open of trading on the NYSE Amex on the
    day that is one business day before the special meeting of
    Ideation stockholders. We acknowledge that the timing of this
    disclosure limits the amount of time Ideation stockholders will
    have to consider the impact of these purchases before such
    stockholders submit a proxy or otherwise vote on the proposals
    to be considered at the special meeting.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    To the extent that The Frost Group, LLC, through itself, its
    affiliates or others has not otherwise satisfied the Sponsor
    Purchase Commitment Amount by the day that is two days before
    the special meeting of Ideation stockholders, The Frost Group,
    LLC through itself, its affiliates or others may satisfy this
    obligation before the closing of the business combination by
    delivering into an escrow account irrevocable written notices to
    exercise all or any of the Ideation public warrants held by such
    persons, together with the cash exercise price therefor, in an
    amount up to the amount necessary to satisfy the Sponsor
    Purchase Commitment Amount. Any such public warrant exercises
    will be effective immediately after the closing of the business
    combination, and would result in additional cash to Ideation. To
    the extent that The Frost Group, LLC, through itself, its
    affiliates or others, does not otherwise satisfy the Sponsor
    Purchase Commitment Amount, Ideation has agreed to sell shares
    of Ideation common stock at a per share price of $7.8815 to The
    Frost Group LLC, its affiliates or others as necessary to
    satisfy the Sponsor Purchase Commitment Amount, which would
    result in additional cash to Ideation. Such purchases may be
    made, as necessary, up to ten days after the closing of the
    business combination pursuant to a purchase agreement with
    customary registration rights.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    The Frost Group, LLC has agreed to vote all of the shares of
    Ideation common stock held by it, and to cause the vote of all
    of the shares of Ideation common stock held by its affiliates,
    other than any shares it acquired prior to Ideation&#146;s IPO,
    (i)&#160;in favor of the approval of the share exchange
    agreement and the related transactions; (ii)&#160;against any
    proposal made in opposition to, or in competition with, the
    share exchange agreement and the related transactions; and
    (iii)&#160;against any other action that is intended, or would
    reasonably be expected to, unreasonably impede, interfere with,
    delay, postpone, discourage or adversely affect the share
    exchange agreement and the related transactions. If any
    third-party through which The Frost Group, LLC has acted in
    connection with its Sponsor Purchase Commitment Amount
    obligations, or a Non-Affiliate Purchaser, fails to vote any
    shares of Ideation common stock acquired by it in the same
    manner, then the purchase of such shares by such Non-Affiliate
    Purchaser shall not be counted toward fulfillment of the Sponsor
    Purchase Commitment Amount by The Frost Group, LLC. The Frost
    Group, LLC agrees that during the period commencing on the
    execution of the share exchange agreement through the closing of
    the business combination, neither The Frost Group, LLC nor its
    affiliates will exercise any conversion rights. Furthermore, if
    a Non-Affiliate Purchaser exercises any conversion rights, then
    the purchase of those converted shares will not count toward
    fulfillment of the Sponsor Purchase Commitment Amount.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    In addition to the foregoing, The Frost Group, LLC has agreed to
    use commercially reasonable efforts to cooperate with the
    Ideation parties and the SearchMedia parties in order to
    consummate the transactions contemplated by the share exchange
    agreement.
</DIV>
<A name='216'>
<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">Conditions
    to Closing</FONT></B>
</DIV>
</A>
<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 2%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><I><FONT style="font-family: 'Times New Roman', Times">General
    Conditions</FONT></I></B>
</DIV>


<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Consummation of the share exchange agreement and the related
    transactions is conditioned on (i)&#160;the Ideation board not
    having withdrawn its approval of the terms and conditions of the
    business combination; (ii)&#160;the Ideation common stockholders
    approving the redomestication; (iii)&#160;the Ideation common
    stockholders approving the charter amendment; and (iv)&#160;the
    business combination being (1)&#160;approved by a majority of
    the IPO Shares, voted at a duly held stockholders meeting in
    person or by proxy (2)&#160;approved by a majority of the votes
    cast on the proposal, and (3)&#160;fewer than 30% of the
    stockholders owning IPO Shares both (a)&#160;vote against the
    business combination and (b)&#160;exercise their conversion
    rights to have their shares of common stock converted to cash.
</DIV>


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    <BR>
    130
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<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    In addition, the consummation of the transactions contemplated
    by the share exchange agreement is conditioned upon certain
    closing conditions, including:
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="4%"></TD>
    <TD width="2%"></TD>
    <TD width="94%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    the representations and warranties of the Ideation parties on
    one hand and the SearchMedia parties on the other hand being
    true and correct as of the closing, except where the failure of
    such representations and warranties to be so true and correct,
    individually or in the aggregate, has not had or would not
    reasonably be expected to have a material adverse effect on such
    parties, and all covenants contained in the share exchange
    agreement have been materially complied with by such party and
    the delivery by Ideation and the SearchMedia parties to each
    other of a certificate to such effect;
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    no action, suit or proceeding shall have been instituted before
    any court or governmental or regulatory body or instituted by
    any governmental authorities to restrain, modify or prevent the
    carrying out of the transactions contemplated by the share
    exchange agreement;&#160;and
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    no injunction or other order issued by any governmental
    authority or court of competent jurisdiction prohibiting the
    consummation of such transactions.
</TD>
</TR>

</TABLE>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 2%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><I><FONT style="font-family: 'Times New Roman', Times">SearchMedia
    Parties&#146; Conditions to Closing of the Share Exchange
    Agreement</FONT></I></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    The obligations of the SearchMedia parties to consummate the
    transactions contemplated by the share exchange agreement, in
    addition to the conditions described above, are conditioned upon
    each of the following, among other things:
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="4%"></TD>
    <TD width="2%"></TD>
    <TD width="94%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    there shall have been no material adverse effect with respect to
    Ideation since September&#160;30, 2008;
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    the receipt of necessary consents, authorizations and approvals
    by Ideation stockholders and third parties and the completion of
    necessary proceedings;
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    the resignation of those officers and directors who are not
    continuing as officers and directors of ID Cayman, together with
    a written release from each such director and officer that such
    person has no claim for employment or other compensation in any
    form from Ideation, except for any reimbursement of outstanding
    expenses existing as of the date of such resignation;
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    SearchMedia shall have received legal opinions customary for
    transactions of this nature, from counsel to the Ideation
    parties;
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    Ideation shall have given instructions to the trustee of the
    trust account to have the monies in the trust account disbursed
    immediately upon the closing of the business combination;
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    Ideation shall have filed all reports and other documents
    required to be filed by Ideation under the U.S.&#160;federal
    securities laws through the closing date of the share exchange
    agreement;&#160;and
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    SearchMedia shall have received investor representation letters
    executed by each affiliate of Ideation who will receive ID
    Cayman shares at the closing in respect of certain SM Cayman
    promissory notes or SM Cayman securities held by it. Those
    affiliates who will receive ID Cayman shares are Frost Gamma
    Investments Trust (an affiliate of Dr.&#160;Phillip Frost),
    Robert N. Fried and Rao Uppaluri.
</TD>
</TR>

</TABLE>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 2%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><I><FONT style="font-family: 'Times New Roman', Times">Ideation&#146;s
    Conditions to Closing of the Share Exchange
    Agreement</FONT></I></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    The obligations of Ideation to consummate the transactions
    contemplated by the share exchange agreement, in addition to the
    conditions described above in the second paragraph of this
    section, are conditioned upon each of the following, among other
    things:
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="4%"></TD>
    <TD width="2%"></TD>
    <TD width="94%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    there shall have been no material adverse effect with respect to
    SearchMedia since June&#160;30, 2008;
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    the receipt of necessary consents, authorizations and approvals
    by Ideation stockholders and third parties and the completion of
    necessary proceedings;
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    Ideation shall have received legal opinions customary for
    transactions of this nature, from counsel to SearchMedia;
</TD>
</TR>

</TABLE>

<P align="center" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <BR>
    131
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<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="4%"></TD>
    <TD width="2%"></TD>
    <TD width="94%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    Ideation shall have received investor representation letters
    executed by the shareholders and warrantholders of SM Cayman and
    holders of certain convertible promissory notes (other than from
    holders who are affiliates of Ideation);
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    the conversion of the preferred shares of SM Cayman to ordinary
    shares of SM Cayman shall have occurred;
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    each of Qinying Liu, Garbo Lee and Jennifer Huang shall have
    continued to serve in the same position at SM Cayman or the
    other SM Cayman group companies as such person was serving as of
    the date of the share exchange agreement, or in another senior
    management capacity;&#160;and
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    the delivery of certain financial statements by each of the SM
    Entities and the SM Cayman shareholders which will show that the
    adjusted net income and EBITDA set forth in the financial
    statements for the 2008 fiscal year shall not be less than
    $15,297,000 and $30,218,000, respectively, and in the financial
    statements for the first quarter of 2009 shall not be less than
    $5,085,000 and $9,513,000, respectively.
</TD>
</TR>

</TABLE>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    If permitted under the applicable law, either Ideation or the
    representatives of the SearchMedia shareholders and, if
    applicable to matters affecting them, Linden Ventures may waive
    any inaccuracies in the representations and warranties made to
    the Ideation parties or the SearchMedia parties and Linden
    Ventures, as applicable, contained in the share exchange
    agreement and waive compliance with any agreements or conditions
    for the benefit of such parties contained in the share exchange
    agreement. The condition requiring that the holders of less than
    30% of the shares of common stock issued in connection with
    Ideation&#146;s IPO affirmatively vote against the Business
    Combination Proposal and demand conversion of their shares of
    common stock into cash may not be waived. We cannot assure you
    that any or all of the conditions will be satisfied or waived.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    To the extent a waiver by any party renders the statements in
    this proxy statement/prospectus materially misleading, Ideation
    intends to supplement this proxy statement/prospectus and
    resolicit proxies from its stockholders to the extent required
    by law.
</DIV>
<A name='217'>
<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">Indemnification</FONT></B>
</DIV>
</A>
<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 2%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><I><FONT style="font-family: 'Times New Roman', Times">Indemnification
    by the SearchMedia Shareholders and Linden
    Ventures</FONT></I></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    The SearchMedia shareholders have agreed, on a <I>pro rata
    basis</I>, to indemnify the Ideation parties from any damages
    arising from: (a)&#160;any breach by any SearchMedia entity of
    any of its representations or warranties, covenants or
    obligations in the share exchange agreement; (b)&#160;any breach
    by any SearchMedia shareholder of its representations or
    warranties, covenants or obligations in the share exchange
    agreement; (c)&#160;the validity, enforceability or
    effectiveness (or lack thereof) of the appointment of the
    designated agent, any action taken by him or her under the share
    exchange agreement and/or the transfer of any SearchMedia shares
    by him or her (including any SearchMedia shares resulting from
    the exercise of options and the vesting of restricted share
    awards after the date of the share exchange agreement) or the
    ownership or transfer of any SearchMedia shares by any
    SearchMedia shareholder that did not sign the share exchange
    agreement (which may include persons who become shareholders of
    SearchMedia as a result of option exercises and the vesting of
    restricted share awards after the date of the share exchange
    agreement); (d)&#160;the failure to allocate any earn-out shares
    to the holders of restricted share awards under the share
    exchange agreement or the failure to register such awards in
    accordance with PRC law or any claims of such holders relating
    to the transfer or exchange of their restricted share awards
    under the share exchange agreement; or (e)&#160;the failure of
    any SM Cayman entity to pay its registered capital in full to
    the appropriate governmental authority. In addition, Linden
    Ventures has agreed to indemnify the Ideation parties from any
    damages arising from a breach of any its representations or
    warranties, covenants or obligations in the share exchange
    agreement. Notwithstanding the foregoing, however, the
    representations, warranties, covenants and obligations that
    relate specifically and solely to a particular SearchMedia
    shareholder or to Linden Ventures are the obligations of that
    particular person only and not the responsibility of the other
    SearchMedia shareholders and Linden Ventures (as applicable).
</DIV>

<P align="center" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <BR>
    132
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<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    The amount of damages suffered by the Ideation parties may be
    paid in cash, or, at the option of the SearchMedia shareholders
    or Linden Ventures (as applicable), may be recovered by delivery
    of a specified number of ID Cayman shares owned by the
    SearchMedia shareholders or Linden Ventures (as applicable) for
    repurchase by ID Cayman, provided that such transfer is in
    accordance with applicable law. Any such returned shares shall
    be cancelled. If the SearchMedia shareholders or Linden Ventures
    opt to deliver shares instead of cash, the number of shares to
    be returned by the SearchMedia shareholders or Linden Ventures
    shall be equal to the aggregate amount of the damages agreed to
    be paid by the SearchMedia shareholders or Linden Ventures,
    divided by $7.8815.
</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 2%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><I><FONT style="font-family: 'Times New Roman', Times">Indemnification
    by Ideation</FONT></I></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    The Ideation parties have agreed to indemnify each of the
    SearchMedia shareholders (including the SM Cayman shareholder
    that did not sign the share exchange agreement) and Linden
    Ventures from any damages arising from: (a)&#160;any breach of
    any representation or warranty made by the Ideation parties in
    the share exchange agreement; or (b)&#160;any breach by any
    Ideation party of its covenants or obligations in the share
    exchange agreement.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    The amount of damages suffered by the SearchMedia shareholders
    (including the SM Cayman shareholder that did not sign the share
    exchange agreement) and Linden Ventures shall be paid in newly
    issued ID Cayman shares. The number of ID Cayman shares to be
    issued to the SearchMedia indemnified parties shall be equal to
    the aggregate amount of the damages agreed to be paid by the
    Ideation parties, divided by $7.8815.
</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 2%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><I><FONT style="font-family: 'Times New Roman', Times">Limitations
    on Indemnity</FONT></I></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Except for certain limited exceptions, (i)&#160;the Ideation
    parties will not be entitled to indemnification for breaches of
    representations and warranties by any SearchMedia party and for
    breaches of covenants and obligations of the SearchMedia
    shareholders and Linden Ventures unless the aggregate amount of
    damages to the Ideation parties for such breaches exceeds
    $750,000, and then only to the extent such damages for such
    breaches exceed $750,000 and (ii)&#160;the aggregate amount of
    damages payable by the SearchMedia shareholders (including the
    SM Cayman shareholder that did not sign the share exchange
    agreement) and Linden Ventures for such breaches to the Ideation
    parties may not exceed $7,500,000.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Except for certain limited exceptions, the SearchMedia
    shareholders (including the SM Cayman shareholder that did not
    sign the share exchange agreement) and Linden Ventures will not
    be entitled to indemnification for breaches of representation
    and warranties unless the aggregate amount of damages to such
    parties exceeds $750,000, and then only to the extent such
    damages for such breaches exceed $750,000 and (ii)&#160;the
    aggregate amount of damages payable by the Ideation parties to
    the SearchMedia shareholders (including the SM Cayman
    shareholder that did not sign the share exchange agreement) and
    Linden Ventures for such breaches may not exceed $7,500,000.
</DIV>
<A name='218'>
<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">Termination</FONT></B>
</DIV>
</A>
<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    The share exchange agreement may be terminated
    <FONT style="white-space: nowrap">and/or</FONT>
    abandoned at any time prior to the closing, whether before or
    after approval of the proposals being presented to Ideation
    stockholders, by:
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="4%"></TD>
    <TD width="2%"></TD>
    <TD width="94%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    mutual written consent of SM Cayman and Ideation;
</TD>
</TR>

</TABLE>


<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="4%"></TD>
    <TD width="2%"></TD>
    <TD width="94%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    either Ideation or the SM Cayman shareholders&#146;
    representatives, if the closing has not occurred by
    (a)&#160;October&#160;30, 2009 or (b)&#160;such other date as
    may be mutually agreed to;
</TD>
</TR>

</TABLE>


<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="4%"></TD>
    <TD width="2%"></TD>
    <TD width="94%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    the SM Cayman shareholders&#146; representatives, if there has
    been a breach by Ideation of any representation, warranty,
    covenant or agreement contained in the share exchange agreement
    which has prevented the satisfaction of the conditions to the
    obligations of the SearchMedia parties under the share exchange
    agreement (which is deemed to have occurred if there is a
    material breach of the sponsor purchase commitment covenants of
    The Frost Group, LLC or the covenants of Ideation with respect
    to purchases, and forward contracts to purchase, shares of
    Ideation common stock) and the
</TD>
</TR>

</TABLE>

<P align="center" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <BR>
    133
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<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="4%"></TD>
    <TD width="2%"></TD>
    <TD width="94%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>
</TD>
    <TD align="left">
    violation or breach has not been waived by such representatives
    or cured by Ideation within 30&#160;days after written notice
    from the SM Cayman shareholders&#146; representatives;
</TD>
</TR>

</TABLE>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="4%"></TD>
    <TD width="2%"></TD>
    <TD width="94%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    Ideation, if there has been a breach by the SearchMedia parties
    of any representation, warranty, covenant or agreement contained
    in the share exchange agreement which has prevented the
    satisfaction of the conditions to the obligations of Ideation
    under the share exchange agreement and such violation or breach
    has not been waived by Ideation or cured by the SearchMedia
    parties within 30&#160;days after written notice from Ideation;
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    the SM Cayman shareholders&#146; representatives or Ideation, if
    the Ideation board of directors fails to recommend or withdraws
    or modifies in a manner adverse to the SearchMedia parties its
    approval or recommendation of the share exchange agreement and
    the transactions contemplated under the share exchange agreement;
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    either Ideation or the SM Cayman shareholders&#146;
    representatives, if the redomestication and the business
    combination are not approved by Ideation stockholders or if
    holders of 30% or more of Ideation&#146;s common stock issued in
    connection with Ideation&#146;s IPO vote against the business
    combination and exercise their right to convert their shares of
    common stock into cash from the trust account;&#160;and
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    either Ideation or the SM Cayman shareholders&#146;
    representatives, if a court of competent jurisdiction or other
    governmental authority has issued a final, non-appealable order
    or injunction or taken any other action to permanently restrain,
    enjoin or prohibit the redomestication or the business
    combination.
</TD>
</TR>

</TABLE>

<DIV style="margin-top: 9pt; font-size: 1pt">&nbsp;</DIV>
<A name='219'>
<DIV align="left" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">Effect of
    Termination; Termination Fee</FONT></B>
</DIV>
</A>
<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    In the event of termination by either Ideation or the
    SearchMedia shareholders&#146; representatives, except as set
    forth below, all further obligations of the parties shall
    terminate, each party shall bear its own costs and expenses and
    no party shall have any liability in respect of such termination.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    If the SM Cayman shareholders&#146; representatives terminate
    the share exchange agreement due to either: (a)&#160;a breach by
    Ideation of any representation, warranty, covenant or agreement
    contained in the share exchange agreement which has prevented
    the satisfaction of the conditions to the obligations of the
    SearchMedia parties under the share exchange agreement, which
    violation or breach has not been waived or cured as permitted by
    the share exchange agreement; or (b)&#160;the Ideation board of
    directors failing to recommend or withdrawing or modifying in a
    manner adverse to the SearchMedia parties its recommendation or
    approval of the share exchange agreement and the transactions
    contemplated under the share exchange agreement, then
    SearchMedia will be entitled to reimbursement of its costs and
    expenses up to $3,000,000 immediately upon termination; however,
    the SearchMedia parties have waived all claims against
    Ideation&#146;s trust account for the payment of this or any
    other fees or claims. In addition, if the SM Cayman
    shareholders&#146; representatives terminate due to a material,
    intentional breach by The Frost Group, LLC of its sponsor
    purchase commitment covenants, and Ideation enters into an
    agreement for an alternative transaction within six months of
    the termination, SM Cayman will be reimbursed for fees and
    expenses up to $3,000,000 by The Frost Group, LLC on the date of
    execution of such definitive agreement, which such amount
    received from The Frost Group, LLC shall reduce the amount that
    may be claimed from Ideation on a dollar-for-dollar basis.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    If Ideation terminates the share exchange agreement due to a
    breach by the SearchMedia parties of any representation,
    warranty, covenant or agreement contained in the share exchange
    agreement which has prevented the satisfaction of the conditions
    to the obligations of Ideation under the share exchange
    agreement, which violation or breach has not been waived or
    cured as permitted by the share exchange agreement, then
    Ideation will be entitled to reimbursement of its costs and
    expenses up to $3,000,000 immediately upon termination. However,
    if such termination relates to an intentional breach by any
    SearchMedia party and any SM Cayman entity enters into an
    agreement for an alternative transaction within six&#160;months
    after the termination, Ideation will be entitled to a
    termination fee equal to $10,000,000 plus reimbursement of all
    of its costs and expenses on the date of execution of the
    definitive agreement.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    An &#147;alternative transaction&#148; means, with respect to
    the SearchMedia parties (subject to certain exceptions), (a)
    (i)&#160;a business combination involving SM Cayman,
    (ii)&#160;the issuance by SM Cayman of over
</DIV>

<P align="center" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <BR>
    134
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<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->


<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
     50% of the SM Cayman ordinary shares as consideration for the
    assets or securities of another person, or (iii)&#160;the
    acquisition, directly or indirectly, of over 50% of the SM
    Cayman ordinary shares or consolidated total assets of SM Cayman
    (including by way of acquisition of one or more of its
    subsidiaries or PRC affiliated entities) or (b)&#160;any private
    equity financing with proceeds in excess of $15&#160;million
    (exclusive of any commissions or management fees); and with
    respect to Ideation, means any &#147;initial business
    combination&#148; (as defined in Ideation&#146;s Amended and
    Restated Certificate of Incorporation).
</DIV>


<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    In addition to the termination rights set forth in the share
    exchange agreement, each of Ideation and the SM Cayman
    shareholders&#146; representatives will have the right at any
    time to immediately seek injunctive relief, an award of specific
    performance or any other equitable relief against such other
    party to the share exchange agreement.
</DIV>
<A name='220'>
<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">Amendment</FONT></B>
</DIV>
</A>
<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    The share exchange agreement may be amended at any time by
    execution of an instrument in writing signed on behalf of
    Ideation and a majority of the representatives of the SM Cayman
    shareholders and Linden Ventures, if required, as described
    below.
</DIV>
<A name='339'>
<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">Amendments
    to Share Exchange Agreement</FONT></B>
</DIV>
</A>
<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    On May&#160;27, 2009, Ideation entered into an amendment, which
    we refer to as the first amendment, to the Agreement and Plan of
    Merger, Conversion and Share Exchange with Earl Yen, Tommy
    Cheung, Stephen Lau and Qinying Liu, as the SM Cayman
    shareholders&#146; representatives. The first amendment amends
    the share exchange agreement to provide that the consent of
    Linden Ventures will be required in the event of any amendment
    to or waiver of any provision contained in certain sections of
    the share exchange agreement that directly affects Linden
    Ventures or if any amendment or waiver disproportionately
    affects Linden Ventures relative to other SM Cayman
    securityholders.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    In addition, the first amendment provides for an amendment to
    the Memorandum and Articles of Association of ID Cayman
    following completion of the business combination to provide that
    the Series&#160;A preferred shares of ID Cayman shall be
    convertible, at the option of the holder, at any time after six
    months, rather than eighteen months, following the original
    issue date.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    On September&#160;8, 2009, Ideation entered into an amendment,
    which we refer to as the second amendment, to the share exchange
    agreement with Earl Yen, Tommy Cheung, Stephen Yau, Qinying Liu,
    Linden Ventures, Vervain Equity Investment Limited, Sun Hing
    Associates Limited and The Frost Group, LLC. The second
    amendment amends the share exchange agreement to provide the
    following:
</DIV>


<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="4%"></TD>
    <TD width="2%"></TD>
    <TD width="94%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    acknowledgment of the transfer of the SM Cayman Series&#160;C
    preferred shares owned by Gentfull Investment Limited and Gavast
    Estates Limited to Vervain Equity Investment Limited and Sun
    Hing Associates Limited, respectively, their affiliates and the
    joinder of such transferees to the share exchange agreement;
</TD>
</TR>

</TABLE>


<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="4%"></TD>
    <TD width="2%"></TD>
    <TD width="94%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    the elimination of a potential obligation of ID Cayman to issue
    Series&#160;A preferred shares in connection with the closing,
    but continuing to provide for the issuance of a warrant to
    acquire 0.25 of an ID Cayman ordinary share, regardless of the
    amount in the trust account after closing, for each ID Cayman
    ordinary share issued to or acquired by those investors who hold
    SM Cayman interim notes that converted to ID Cayman ordinary
    shares at closing
    <FONT style="white-space: nowrap">and/or</FONT> ID
    Cayman ordinary shares acquired in connection with the Sponsor
    Purchase Commitment Amount;
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    the imposition of one-year
    <FONT style="white-space: nowrap">lock-up</FONT>
    restrictions with respect to the ID Cayman shares underlying ID
    Cayman restricted share awards and options;
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    an additional covenant requiring the repayment of certain loans
    owed by Qinying Liu and Le Yang to SM Cayman prior to closing.
    Ms.&#160;Liu and Ms.&#160;Yang have agreed to repay an aggregate
    of RMB&#160;4,289,889 owed by them to SM Cayman prior to the
    closing of the business combination. They
</TD>
</TR>

</TABLE>

<P align="center" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <BR>
    135
</DIV><!-- END PAGE WIDTH -->
<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>

<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="6%"></TD>
    <TD width="2%"></TD>
    <TD width="92%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>
</TD>
    <TD align="left">
    may do so in cash or by surrendering a number of ordinary shares
    of SM Cayman owned by them prior to closing equal in value to
    such amount;
</TD>
</TR>

</TABLE>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="4%"></TD>
    <TD width="2%"></TD>
    <TD width="94%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    an increase of the board of directors of ID Cayman after the
    closing to ten (10)&#160;members, adding one director to be
    appointed by the Ideation representative and requiring certain
    independence and citizenship requirements as set forth elsewhere
    in this proxy statement/prospectus;
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    the amendment of the sponsor purchase commitment of The Frost
    Group, LLC to allow for certain warrant exercises, effective
    immediately after the closing, to be counted toward the
    satisfaction of the Sponsor Purchase Commitment Amount;
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    the addition of Ideation stockholder approval of the Ideation
    charter amendment (and a corresponding amendment to the charter
    of ID Arizona) as a condition to the closing of the business
    combination;
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    the extension of the end date by which the business combination
    must be consummated to October&#160;30, 2009 from
    September&#160;30, 2009;
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    technical corrections to the definition of &#147;adjusted net
    income&#148;;
</TD>
</TR>

</TABLE>


<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="4%"></TD>
    <TD width="2%"></TD>
    <TD width="94%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    the amendment of Schedules&#160;B and C to the share exchange
    agreement to reflect the transfers by Gentfull Investment
    Limited and Gavast Estates Limited and certain transfers by and
    among SM Cayman shareholders and correct some rounding
    errors;&#160;and
</TD>
</TR>

</TABLE>


<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="4%"></TD>
    <TD width="2%"></TD>
    <TD width="94%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    the amendment of the Memorandum and Articles of Association of
    ID Cayman, Exhibit&#160;A to the share exchange agreement, to
    eliminate the designation of the ID Cayman Series&#160;A
    preferred shares.
</TD>
</TR>

</TABLE>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    On September&#160;8, 2009, in connection with the execution of
    the second amendment to the share exchange agreement, Ideation
    entered into a letter agreement with the Converting Noteholders
    and The Frost Group, LLC. Pursuant to the letter agreement, if
    at any time during the two years following the closing of the
    business combination, ID Cayman issues any preferred shares or
    other equity securities (including securities convertible into
    or exchangeable for preferred shares or other equity
    securities), the parties to the letter agreement will have the
    right to exchange, for such securities, any ordinary shares of
    ID Cayman acquired by them as a result of:
</DIV>

<DIV style="margin-top: 3pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="8%"></TD>
    <TD width="4%"></TD>
    <TD width="88%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    (1)&#160;
</TD>
    <TD align="left">
    conversion of an interim note from SM Cayman or the Linden Note;
</TD>
</TR>


<TR style="line-height: 3pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    (2)&#160;
</TD>
    <TD align="left">
    warrant exercises to satisfy the Sponsor Purchase Commitment
    Amount; or
</TD>
</TR>


<TR style="line-height: 3pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    (3)&#160;
</TD>
    <TD align="left">
    open market purchases or new issuances of Ideation shares to
    satisfy the Sponsor Purchase Commitment Amount,
</TD>
</TR>

</TABLE>


<DIV style="margin-top: 3pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    up to the amount of such issuance by ID Cayman. The valuation of
    the exchanged ordinary shares will be $7.8815 per share.
    Ideation will enter into the same letter agreement with any
    other person or entity that purchases Ideation shares in
    satisfaction of the Sponsor Purchase Commitment Amount after the
    date of such letter agreement.
</DIV>



<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    On September&#160;22, 2009, an amendment, which we refer to as
    the third amendment, to the share exchange agreement was entered
    into by Earl Yen, Tommy Cheung, Terrance Hogan, Qinying Liu,
    Linden Ventures, Ideation, and ID Arizona. The third amendment
    amends the share exchange agreement to provide the following:
</DIV>



<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="4%"></TD>
    <TD width="2%"></TD>
    <TD width="94%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    the amendment of Schedule&#160;B and Schedule&#160;C to the
    share exchange agreement to reflect the proportional repurchases
    of approximately 3,000,000 SM Cayman ordinary, Series&#160;B
    preferred and Series&#160;C preferred shares from SM Cayman
    shareholders and issuances of approximately 3,000,000 options
    under the SM Share Incentive Plan to employees of SM Cayman and
    its subsidiaries;
</TD>
</TR>

</TABLE>



<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="4%"></TD>
    <TD width="2%"></TD>
    <TD width="94%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    the exclusion of any compensation charges attributable to the
    above repurchases and issuances from the definition of
    &#147;adjusted net income;&#148;
</TD>
</TR>

</TABLE>



<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="4%"></TD>
    <TD width="2%"></TD>
    <TD width="94%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    the amendment and restatement of the
    <FONT style="white-space: nowrap">Lock-Up</FONT>
    Agreements, which are
    <FONT style="white-space: nowrap">Exhibit&#160;F-1</FONT>
    and F-2 to the share exchange agreement providing that for
    Qinying Liu, Le Yang and CSV, the
    <FONT style="white-space: nowrap">lock-up</FONT>
    shall apply for 12&#160;months after the closing of the share
    exchange agreement with respect to ten percent (10%) of
</TD>
</TR>

</TABLE>


<P align="center" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <BR>
    136
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<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>

<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->


<DIV align="left" style="margin-left: 6%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
     the shares or other securities received in connection with the
    business combination and underlying securities received in
    connection with the business combination, 18&#160;months after
    the closing of the share exchange agreement with respect to
    fifteen percent (15%) of such securities, and 24&#160;months
    after the closing of the share exchange agreement with respect
    to the remaining seventy-five percent (75%) of such securities,
    provided that with respect to CSV, this
    <FONT style="white-space: nowrap">lock-up</FONT>
    shall apply only to shares acquired by CSV in exchange for SM
    Cayman ordinary shares held by it immediately prior to the
    closing of the business combination, and not with respect to
    shares or other securities acquired (or underlying securities
    acquired) by CSV in exchange for SM Cayman warrants, SM Cayman
    preferred shares or other SM Cayman securities exercisable for,
    or convertible into, SM Cayman ordinary shares, which shares
    shall be subject to the same
    <FONT style="white-space: nowrap">lock-up</FONT> that
    applies to other non-management shareholders;
</DIV>



<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="4%"></TD>
    <TD width="2%"></TD>
    <TD width="94%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    a decrease of the board of directors of ID Cayman after the
    closing to eight&#160;members, subtracting one director to be
    appointed by each of the Ideation representative and the SM
    Cayman shareholders&#146; representatives and requiring certain
    independence and citizenship requirements as set forth elsewhere
    in this proxy statement/prospectus;
</TD>
</TR>

</TABLE>



<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="4%"></TD>
    <TD width="2%"></TD>
    <TD width="94%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    an amendment of a covenant which now requires each of the SM
    entities and each of the SM Cayman shareholders to use
    commercially reasonable efforts to amend each acquisition
    agreement for each subsidiary of Jingli Shanghai to provide that
    following the closing (i)&#160;up to 75% of the earn-out or
    other contingent payment due thereunder with respect to
    2010&#160;may be paid, at the option of ID Cayman, in equity
    securities of ID Cayman, and (ii)&#160;in all other instances,
    all earn-outs or other contingent payments will be made in cash,
    provided that all such amendments shall be approved by Ideation
    prior to the execution thereof;
</TD>
</TR>

</TABLE>



<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="4%"></TD>
    <TD width="2%"></TD>
    <TD width="94%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    an additional covenant requiring each of the Ideation parties,
    on the one hand, and the SM Cayman entities, on the other hand,
    to use commercially reasonable efforts prior to closing of the
    share exchange agreement to reduce the expenses incurred by each
    such group, in connection with this transaction, by
    $2,000,000;&#160;and
</TD>
</TR>

</TABLE>



<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="4%"></TD>
    <TD width="2%"></TD>
    <TD width="94%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    the elimination of the earn-out
    <FONT style="white-space: nowrap">make-up</FONT>
    provision that allowed for any unearned portion of the earn-out
    shares to be issued if the closing price of the ID Cayman
    ordinary shares maintained a certain level for a consecutive
    thirty trading day period.
</TD>
</TR>

</TABLE>


<DIV style="margin-top: 9pt; font-size: 1pt">&nbsp;</DIV>
<A name='221'>
<DIV align="left" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">Regulatory
    and Other Approvals</FONT></B>
</DIV>
</A>
<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Except for approvals required by Delaware, Arizona, and Cayman
    Islands corporate law and compliance with applicable securities
    laws and rules and regulations of the SEC and NYSE Amex and
    compliance with applicable PRC laws, no federal, state or
    foreign regulatory requirements remain to be complied with or
    other material approvals to be obtained or filings to be made in
    order to consummate the business combination or the
    redomestication.
</DIV>

<DIV style="margin-top: 9pt; font-size: 1pt">&nbsp;</DIV>
<A name='222'>
<DIV align="left" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">Recommendation
    of Ideation&#146;s Board of Directors</FONT></B>
</DIV>
</A>
<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    After careful consideration, the Ideation board of directors
    unanimously determined that the Business Combination Proposal is
    in the best interests of Ideation and its stockholders. The
    board of directors has approved and declared the Business
    Combination Proposal advisable and recommends that you vote or
    give instructions to vote <B>&#147;FOR&#148;</B> the Business
    Combination Proposal.
</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>
<A name='223'>
<DIV align="center" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">CERTAIN
    AGREEMENTS RELATING TO THE BUSINESS COMBINATION</FONT></B>
</DIV>
</A>
<DIV style="margin-top: 9pt; font-size: 1pt">&nbsp;</DIV>
<A name='224'>
<DIV align="left" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times"><FONT style="white-space: nowrap">Lock-Up</FONT>
    Agreements</FONT></B>
</DIV>

</A>
<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    At the closing, the SM Cayman management shareholders and
    warrantholders and the ID Cayman directors designated by the SM
    Cayman shareholders&#146; representatives will enter into
    <FONT style="white-space: nowrap">lock-up</FONT>
    agreements providing that they may not sell or otherwise
    transfer any shares of ID Cayman or any other securities
    convertible into or exercisable or exchangeable for shares of ID
    Cayman that are beneficially owned
    <FONT style="white-space: nowrap">and/or</FONT>
    acquired by them (or underlying any security acquired by them)
    as of the date of the share exchange
</DIV>


<P align="center" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <BR>
    137
</DIV><!-- END PAGE WIDTH -->
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<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->


<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
     agreement or otherwise in connection with the business
    combination, subject to certain exceptions, for a period of
    12&#160;months after the closing date, provided, that with
    respect to Le Yang and Qinying Liu, the
    <FONT style="white-space: nowrap">lock-up</FONT>
    period shall apply from 12&#160;months after the closing of the
    share exchange agreement with respect to ten percent (10%) of
    such securities, 18&#160;months after the closing of the share
    exchange agreement with respect to fifteen percent (15%) of such
    securities, and 24&#160;months after the closing of the share
    exchange agreement with respect to the remaining seventy-five
    percent (75%) of such securities. In the case of SM
    Cayman&#146;s non-management shareholders (other than Linden
    Ventures), the lock-up period will be six months from the
    closing date with respect to 25% of such securities and
    12&#160;months from the closing date with respect to the
    remaining 75% of such securities; provided that with respect to
    shares or other securities acquired (or underlying securities
    acquired) by CSV in exchange for SM Cayman warrants, SM Cayman
    preferred shares or other SM Cayman securities exercisable for,
    or convertible into, SM Cayman ordinary shares, CSV will be
    subject to the same
    <FONT style="white-space: nowrap">lock-up</FONT>
    period as the other non-management shareholders, and with
    respect to shares acquired by CSV in exchange for SM Cayman
    ordinary shares held by it immediately prior to the closing of
    the business combination, the
    <FONT style="white-space: nowrap">lock-up</FONT>
    period shall apply until twelve months from the closing date
    with respect to 10% of such shares, eighteen months from the
    closing date with respect to 15% of such shares and twenty-four
    months from the closing date with respect to the remaining 75%
    of such shares. In addition, 1,268,795&#160;ordinary shares and
    396,826&#160;warrants of ID Cayman (and shares underlying such
    warrants) issuable to Linden Ventures as a warrantholder and
    upon conversion of the Linden Note pursuant to the share
    exchange agreement will be subject to lock-up for six months.
</DIV>


<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Notwithstanding the foregoing, nothing in the
    <FONT style="white-space: nowrap">lock-up</FONT>
    agreement restricts: (a)&#160;transfers of shares as a bona fide
    gift; (b)&#160;transfers of shares to any trust, partnership,
    limited liability company or other entity for the direct or
    indirect benefit of the person signing the
    <FONT style="white-space: nowrap">lock-up</FONT>
    agreement or their immediate family; (c)&#160;transfers of
    shares to any beneficiary of the person signing the
    <FONT style="white-space: nowrap">lock-up</FONT>
    agreement pursuant to a will, trust instrument or other
    testamentary document or applicable laws of descent;
    (d)&#160;transfers of shares to ID Cayman by way of repurchase
    or redemption; (e)&#160;transfers of shares to any affiliate of
    the person signing the
    <FONT style="white-space: nowrap">lock-up</FONT>
    agreement; (f)&#160;transfers of shares (other than by
    Ms.&#160;Qinying Liu and Ms.&#160;Le Yang) that are in
    compliance with applicable federal and state securities laws; or
    (g)&#160;transfers of shares pursuant to an underwritten
    secondary offering provided that, in the case of any transfer or
    distribution pursuant to clause (a), (b), (c), (e)&#160;or
    (f)&#160;above, each donee, distributee or transferee shall sign
    and deliver to ID Cayman, prior to such transfer, a
    <FONT style="white-space: nowrap">lock-up</FONT>
    agreement substantially in one of the forms attached as
    <U>Annex&#160;G</U> hereto. In addition, after the six months
    anniversary of the closing of the business combination, if the
    Ideation members of the ID Cayman board of directors consent,
    the restrictions on the non-management shareholders may be
    released in connection with a follow-on public offering.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    The forms of
    <FONT style="white-space: nowrap">lock-up</FONT>
    agreement are attached as <U>Annex&#160;G</U> hereto. We
    encourage you to read the
    <FONT style="white-space: nowrap">lock-up</FONT>
    agreements in their entirety.
</DIV>
<A name='225'>
<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">Voting
    Agreement</FONT></B>
</DIV>

</A>
<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Upon consummation of the business combination, the initial ID
    Cayman board of directors will consist of eight directors, of
    which the SearchMedia shareholders&#146; representatives will
    designate four directors to ID Cayman&#146;s board and the
    Ideation representative will designate four directors, as
    provided in the share exchange agreement.
</DIV>


<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    At the closing of the business combination, China Seed Ventures,
    L.P., which we refer to as CSV, Qinying Liu, Le Yang, Vervain
    Equity Investment Limited, Sun Hing Associates Limited, and
    Linden Ventures, each a SearchMedia shareholder or warrantholder
    and Frost Gamma Investments Trust, Robert Fried, Rao Uppaluri,
    Steven Rubin and Jane Hsiao and ID Cayman will enter into a
    voting agreement. The voting agreement provides, among other
    things, that, for a period commencing on the closing of the
    business combination and ending on the third anniversary of the
    date of such closing, each party to the voting agreement will
    agree to vote in favor of the director nominees nominated by the
    Ideation representative and the SM Cayman shareholders&#146;
    representatives as provided in the share exchange agreement. The
    voting agreement is attached as <U>Annex&#160;F</U> hereto. We
    encourage you to read the voting agreement in its entirety.
</DIV>

<P align="center" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <BR>
    138
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<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>

<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->
<A name='226'>
<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">Registration
    Rights Agreement</FONT></B>
</DIV>

</A>
<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    At the closing of the business combination, ID Cayman and
    certain of the SM Cayman shareholders and warrantholders will
    enter into a registration rights agreement pursuant to which
    such SM Cayman shareholders and warrantholders will be entitled
    to registration rights for any ID Cayman ordinary shares
    received by them in connection with the business combination
    (including any ordinary shares issued to them upon exercise of
    warrants of ID Cayman). Holders of registration rights will be
    entitled to deliver a demand or &#147;piggyback&#148; notice to
    ID Cayman under the registration rights agreement to register
    certain of their shares prior to the expiration of the
    applicable lock-up periods, but, in general, they may not offer
    for sale, sell or otherwise dispose of such shares before the
    expiration of such lock-up periods, except in an underwritten
    secondary offering. Pursuant to the registration rights
    agreement, SM Cayman shareholders and warrantholders holding at
    least 50% of the outstanding registrable securities are entitled
    to demand that ID Cayman register the ordinary shares held by
    the SM Cayman shareholders and warrantholders who have
    registration rights. In addition, the SM Cayman shareholders and
    warrantholders who enter into the registration rights agreement
    will have &#147;piggy-back&#148; registration rights on
    registration statements filed subsequent to the date of the
    business combination. ID Cayman will bear the expenses incurred
    in connection with the filing of any such registration
    statements.
</DIV>


<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    The registration rights agreement is attached as
    <U>Annex&#160;H</U> hereto. We encourage you to read the
    registration rights agreement in its entirety.
</DIV>
<A name='227'>
<DIV style="margin-top: 18pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">MATERIAL
    UNITED STATES FEDERAL INCOME TAX CONSIDERATIONS</FONT></B>
</DIV>
</A>
<A name='228'>
<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">General</FONT></B>
</DIV>
</A>
<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    In the opinion of Akerman Senterfitt, the following discussion
    summarizes the material U.S.&#160;federal income tax
    consequences of (i)&#160;the business combination to ID Cayman,
    (ii)&#160;the merger to Ideation and the holders of
    Ideation&#146;s common stock, warrants and units, the foregoing
    collectively referred to as Ideation securities, (iii)&#160;the
    conversion to ID Arizona, ID Cayman and the holders of ID
    Arizona&#146;s common stock and warrants, referred to as ID
    Arizona securities, and (iv)&#160;owning shares and warrants in
    ID Cayman, referred to as ID Cayman securities, following the
    conversion and business combination.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    The discussion below of the U.S.&#160;federal income tax
    consequences to &#147;U.S.&#160;Holders&#148; will apply to a
    beneficial owner of Ideation&#146;s securities that is for
    U.S.&#160;federal income tax purposes:
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="4%"></TD>
    <TD width="2%"></TD>
    <TD width="94%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    an individual citizen or resident of the United States;
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    a corporation (or other entity treated as a corporation) that is
    created or organized (or treated as created or organized) in or
    under the laws of the United States, any state thereof or the
    District of Columbia;
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    an estate whose income is includible in gross income for
    U.S.&#160;federal income tax purposes regardless of its
    source;&#160;or
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    a trust if (i)&#160;a U.S.&#160;court can exercise primary
    supervision over the trust&#146;s administration and one or more
    U.S.&#160;persons are authorized to control all substantial
    decisions of the trust or (ii)&#160;it has a valid election in
    effect under applicable U.S.&#160;Treasury regulations to be
    treated as a U.S.&#160;person.
</TD>
</TR>

</TABLE>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    If a beneficial owner of Ideation securities is not described as
    a U.S.&#160;Holder and is not an entity treated as a partnership
    or other pass-through entity for U.S.&#160;federal income tax
    purposes, such owner will be considered a
    <FONT style="white-space: nowrap">&#147;Non-U.S.&#160;Holder.&#148;</FONT>
    The material U.S.&#160;federal income tax consequences
    applicable to
    <FONT style="white-space: nowrap">Non-U.S.&#160;Holders</FONT>
    of owning ID Cayman securities are described below.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    With respect to the holders of units, although each unit is
    evidenced by a single instrument, a holder of a unit may, at its
    option, exchange such unit for its components, common stock (or
    ordinary share, as the case may be) and warrants. Accordingly,
    each holder of a unit would treat the unit as consisting of the
    common stock (or ordinary share) and warrants corresponding to
    the components of such unit for U.S.&#160;federal income tax
    purposes. In accordance with such treatment of the unit, in
    calculating its tax basis in each of the components, a holder
    will allocate the purchase price paid for such unit among the
    components in proportion
</DIV>

<P align="center" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <BR>
    139
</DIV><!-- END PAGE WIDTH -->
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<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>

<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    to their relative fair market values at the time of purchase. A
    similar principle would apply in determining the amount of gain
    or loss allocable to each component upon a sale or other
    disposition of a unit. The exchange of a unit for the separate
    common stock (or ordinary share) and warrants corresponding to
    each unit would not be a taxable event. Since a holder of a unit
    would be treated for U.S.&#160;federal income tax purposes as
    holding the applicable common stock (or ordinary share) and
    warrant components of such a unit, a holder of a unit should
    review the applicable discussion herein relating to the
    U.S.&#160;federal income tax consequences of the purchase,
    ownership and disposition of common stock (or ordinary shares)
    and warrants.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    This summary is based on the Code, its legislative history,
    Treasury regulations promulgated thereunder, published rulings
    and court decisions, all as currently in effect. These
    authorities are subject to change or differing interpretations,
    possibly on a retroactive basis.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    This discussion does not address all aspects of
    U.S.&#160;federal income taxation that may be relevant to ID
    Arizona, ID Cayman, Ideation, or any particular holder of
    Ideation securities, ID Arizona securities or ID Cayman
    securities. In particular, this discussion considers only
    holders that own and hold Ideation securities, and who will hold
    ID Arizona securities or ID Cayman securities as a result of
    owning the corresponding Ideation securities or ID Arizona
    securities, as capital assets within the meaning of
    Section&#160;1221 of the Code. This discussion also does not
    address the potential application of the alternative minimum tax
    or the U.S.&#160;federal income tax consequences to holders that
    are subject to special rules, including:
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="4%"></TD>
    <TD width="2%"></TD>
    <TD width="94%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    financial institutions or financial services entities;
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    broker-dealers;
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    taxpayers who have elected mark-to-market accounting;
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    tax-exempt entities;
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    governments or agencies or instrumentalities thereof;
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    insurance companies;
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    regulated investment companies;
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    real estate investment trusts;
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    certain expatriates or former long-term residents of the United
    States;
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    persons that actually or constructively own 5% or more of
    Ideation&#146;s voting shares;
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    persons that hold Ideation securities as part of a straddle,
    constructive sale, hedging, conversion or other integrated
    transaction;&#160;or
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    persons whose functional currency is not the U.S. dollar.
</TD>
</TR>

</TABLE>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    This discussion does not address any aspect of U.S.&#160;federal
    non-income tax laws, such as gift or estate tax laws, or state,
    local or
    <FONT style="white-space: nowrap">non-U.S.&#160;tax</FONT>
    laws. Additionally, the discussion does not consider the tax
    treatment of partnerships or other pass-through entities or
    persons who hold Ideation securities, or will hold the ID
    Arizona securities or ID Cayman securities through such
    entities. If a partnership (or other entity classified as a
    partnership for U.S.&#160;federal income tax purposes) is the
    beneficial owner of Ideation securities (or the ID Arizona
    securities or ID Cayman securities), the U.S.&#160;federal
    income tax treatment of a partner in the partnership will
    generally depend on the status of the partner and the activities
    of the partnership.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Ideation has not sought, and will not seek, a ruling from the
    Internal Revenue Service as to any U.S.&#160;federal income tax
    consequence described herein. The IRS may disagree with the
    discussion herein, and its determination may be upheld by a
    court. Moreover, there can be no assurance that future
    legislation, regulation, administrative rulings or court
    decisions will not adversely affect the accuracy of the
    statements in this discussion.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <B><I>Due to the complexity of the tax laws and because the tax
    consequences to Ideation, ID Arizona, ID Cayman, or any
    particular holder of Ideation or ID Arizona securities or of ID
    Cayman securities following </I></B>
</DIV>

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<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <B><I>the conversion and business combination may be affected by
    matters not discussed herein, each holder of Ideation securities
    is urged to consult with its tax advisor with respect to the
    specific tax consequences of the merger, conversion and business
    combination, and the ownership and disposition of Ideation
    securities, ID Arizona securities and ID Cayman securities,
    including the applicability and effect of state, local and
    <FONT style="white-space: nowrap">non-U.S.&#160;tax</FONT>
    laws, as well as U.S.&#160;federal tax laws.</I></B>
</DIV>
<A name='229'>
<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">Tax
    Consequences of the Business Combination with respect to ID
    Cayman</FONT></B>
</DIV>
</A>
<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    ID Cayman will not recognize any gain or loss for
    U.S.&#160;federal income tax purposes as a result of the
    business combination.
</DIV>
<A name='230'>
<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">Tax
    Consequences of the Merger</FONT></B>
</DIV>
</A>
<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Under applicable federal income tax principles as enacted and
    construed on the date hereof, the merger of Ideation with and
    into ID Arizona should qualify as a reorganization for
    U.S.&#160;federal income tax purposes under Code
    Section&#160;368(a). However, there is a lack of clear authority
    directly on point on how the provisions of Code
    Section&#160;368(a) apply in the case of a merger of a
    corporation with no active business and only investment-type
    assets, and thus, this conclusion is not entirely free from
    doubt.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    If the merger qualifies as a reorganization under Code
    Section&#160;368(a), a U.S.&#160;Holder of Ideation securities
    would not recognize gain or loss upon the exchange of its
    Ideation securities solely for the corresponding ID Arizona
    securities pursuant to the merger, and Ideation would not
    recognize gain or loss as a result of the merger. A
    U.S.&#160;Holder&#146;s aggregate tax basis in the ID Arizona
    securities received in connection with the merger also would be
    the same as the aggregate tax basis of the corresponding
    Ideation securities surrendered in the transaction. In addition,
    the holding period of the ID Arizona securities received in the
    merger would include the holding period of the corresponding
    Ideation securities surrendered in the merger. An Ideation
    stockholder who redeems its shares of common stock for cash
    generally will recognize gain or loss in an amount equal to the
    difference between the amount of cash received for such shares
    and its adjusted tax basis in such shares.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    If the merger fails to qualify as a reorganization under Code
    Section&#160;368(a), a U.S.&#160;Holder would recognize a gain
    or loss with respect to its securities in Ideation in an amount
    equal to the difference between the U.S.&#160;Holder&#146;s
    adjusted tax basis in its Ideation securities and the fair
    market value of the corresponding ID Arizona securities received
    in the merger. In such event, the U.S.&#160;Holder&#146;s basis
    in the ID Arizona securities would equal such securities&#146;
    fair market value, and the U.S.&#160;Holder&#146;s holding
    period for the ID Arizona securities would begin on the day
    following the date of the merger. In addition, Ideation would
    recognize gain or loss in an amount equal to the difference, if
    any, between the fair market value of the ID Arizona securities
    issued in the merger and the adjusted tax basis of its assets at
    the effective time of the merger.
</DIV>
<A name='231'>
<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">Tax
    Consequences of the Conversion</FONT></B>
</DIV>
</A>
<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 2%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><I><FONT style="font-family: 'Times New Roman', Times">Tax
    Consequences to U.S. Holders of ID Arizona
    Securities</FONT></I></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    The conversion should qualify as a reorganization for
    U.S.&#160;federal income tax purposes under Code
    Section&#160;368(a) under applicable federal income tax
    principles as enacted and construed on the date hereof. However,
    there is a lack of clear authority directly on point on how the
    provisions of Code Section&#160;368(a) apply in the case of a
    conversion of a corporation with no active business and only
    investment-type assets, and thus, this conclusion is not
    entirely free from doubt.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    If the conversion qualifies as a reorganization under Code
    Section&#160;368(a), a U.S.&#160;Holder of ID Arizona securities
    would not recognize gain or loss upon the exchange of its ID
    Arizona securities solely for the securities of ID Cayman
    pursuant to the conversion. A U.S.&#160;Holder&#146;s aggregate
    tax basis in the securities of ID Cayman received in connection
    with the conversion also would be the same as the aggregate tax
    basis of the ID Arizona securities surrendered in the
    transaction. In addition, the holding period of the ID Cayman
    securities received in the conversion would include the holding
    period of the securities of ID Arizona surrendered in the
    conversion.
</DIV>

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<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    If the conversion fails to qualify as a reorganization under
    Code Section&#160;368, a U.S.&#160;Holder would recognize a gain
    or loss with respect to its securities in ID Arizona in an
    amount equal to the difference between the
    U.S.&#160;Holder&#146;s adjusted tax basis in its ID Arizona
    securities and the fair market value of the corresponding ID
    Cayman securities received in the conversion. In such event, the
    U.S.&#160;Holder&#146;s basis in the ID Cayman securities would
    equal their fair market value, and such U.S.&#160;Holder&#146;s
    holding period for the ID Cayman securities would begin on the
    day following the date of the conversion.
</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 2%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><I><FONT style="font-family: 'Times New Roman', Times">Tax
    Consequences to ID Arizona and ID Cayman</FONT></I></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Section&#160;7874(b) of the Code generally provides that a
    corporation organized outside the United States which acquires,
    directly or indirectly, pursuant to a plan or series of related
    transactions substantially all of the assets of a corporation
    organized in the United States will be treated as a
    U.S.&#160;corporation for U.S.&#160;federal income tax purposes
    if shareholders of the acquired corporation, by reason of owning
    shares of the acquired corporation, own at least 80% of either
    the voting power or the value of the stock of the acquiring
    corporation after the acquisition. If Section&#160;7874(b) were
    to apply to the conversion, then ID Cayman, as the surviving
    entity, would be subject to U.S.&#160;federal income tax on its
    worldwide taxable income following the conversion and business
    combination as if it were a U.S.&#160;corporation, and ID
    Arizona would not recognize gain (or loss) as a result of the
    conversion.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    After the completion of the business combination, which will
    occur immediately after and as part of the same plan as the
    conversion, it is unclear whether the former stockholders of ID
    Arizona, by reason of owning shares of ID Arizona, will own less
    than 80% of the ordinary shares of ID Cayman. Although we do not
    expect this 80% threshold to be met, on the date of this proxy
    statement/prospectus, the relative ownership percentages of the
    former shareholders of ID Arizona and of the former shareholders
    of SM Cayman after consummation of the transactions contemplated
    hereby are not known. In addition, the shares underlying any
    warrants or options issued to former ID Arizona shareholders,
    warrantholders, or optionholders would count as shares owned by
    former ID Arizona shareholders for purposes of applying the 80%
    test to the extent such warrants or options represent a claim on
    the equity of ID Cayman.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    If the 80% threshold is not reached, Section&#160;7874(b) should
    not apply to treat ID Cayman as a U.S.&#160;corporation for
    U.S.&#160;federal income tax purposes. However, due to the
    absence of full guidance on how the rules of
    Section&#160;7874(b) will apply to the transactions contemplated
    by the conversion and the business combination, this result is
    not entirely free from doubt. If, for example, the conversion
    were ultimately determined for purposes of Section&#160;7874(b)
    as occurring prior to, and separate from, the business
    combination, the share ownership threshold for applicability of
    Section&#160;7874(b) would be satisfied (and ID Cayman would be
    treated as a U.S.&#160;corporation for U.S.&#160;federal income
    tax purposes) because the stockholders of ID Arizona, by reason
    of owning stock of ID Arizona, would own all of the shares of ID
    Cayman immediately after the conversion. Although normal step
    transaction tax principles support the view that the conversion
    and the business combination would be viewed together for
    purposes of determining whether Section&#160;7874(b) is
    applicable, because of the absence of guidance under
    Section&#160;7874(b) directly on point, this result is not
    entirely free from doubt. The balance of this discussion assumes
    that ID Cayman will be treated as a
    <FONT style="white-space: nowrap">non-U.S.&#160;corporation</FONT>
    for U.S.&#160;federal income tax purposes.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Even if Section&#160;7874(b) does not apply to a transaction,
    Section&#160;7874(a) of the Code generally provides that where a
    corporation organized outside the United States acquires,
    directly or indirectly, pursuant to a plan or series of related
    transactions substantially all of the assets of a corporation
    organized in the United States, the acquired corporation will be
    subject to U.S.&#160;federal income tax on its &#147;inversion
    gain&#148; (which cannot be reduced by, for example, net
    operating losses otherwise available to the acquired
    corporation) if the shareholders of the acquired corporation, by
    reason of owning shares of the acquired corporation, own at
    least 60% (but less than 80%) of either the voting power or the
    value of the stock of the acquiring corporation after the
    acquisition. For this purpose, inversion gain includes any gain
    recognized under Section&#160;367 of the Code by reason of the
    transfer of the properties of the acquired corporation to the
    acquiring corporation pursuant to the transaction. After the
    completion of the business combination, which will occur
    immediately after and as part of the same plan as the
    conversion, it is unclear whether the former stockholders of ID
    Arizona, by reason of owning shares of ID Arizona, will own less
    than 60% of the ordinary shares of ID Cayman. On the date of
</DIV>

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<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    this proxy statement/prospectus, the relative ownership
    percentages of the former shareholders of ID Arizona and of the
    former shareholders of SM Cayman after consummation of the
    transactions contemplated hereby are not known. In addition, the
    shares underlying any warrants or options issued to former ID
    Arizona shareholders, warrantholders, or optionholders would
    count as shares owned by former ID Arizona shareholders for
    purposes of applying the 60% test to the extent such warrants or
    options represent a claim on the equity of ID Cayman.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    If the 60% threshold is not reached, the provisions of
    Section&#160;7874(a) would not apply. However, for the reasons
    mentioned above regarding the consequences if the conversion
    were determined to be a separate transaction from the business
    combination, this result is not entirely free from doubt. If
    Section&#160;7874(a) is finally determined to apply to this
    transaction, the inversion gain would not be reduced by tax
    attributes or deductions which might otherwise be available.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Under Section&#160;367, ID Arizona would recognize gain (but not
    loss) as a result of the conversion equal to the excess, if any,
    of the fair market value of each asset of ID Arizona over such
    asset&#146;s adjusted tax basis at the effective time of the
    conversion.
</DIV>
<A name='233'>
<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">Tax
    Consequences to U.S. Holders of Shares and Warrants of ID
    Cayman</FONT></B>
</DIV>
</A>
<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 2%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><I><FONT style="font-family: 'Times New Roman', Times">Taxation
    of Distributions Paid on Shares</FONT></I></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Subject to the passive foreign investment company, or PFIC, and
    the controlled foreign corporation, or CFC, rules discussed
    below, a U.S.&#160;Holder will generally be required to include
    in gross income as ordinary income the amount of any dividend
    paid on the shares of ID Cayman. A distribution on such shares
    will be treated as a dividend for U.S.&#160;federal income tax
    purposes to the extent the distribution is paid out of current
    or accumulated earnings and profits of ID Cayman (as determined
    for U.S.&#160;federal income tax purposes). Such dividend will
    not be eligible for the dividends-received deduction generally
    allowed to U.S.&#160;corporations in respect of dividends
    received from other U.S.&#160;corporations. Distributions in
    excess of such earnings and profits will be applied against and
    reduce the U.S.&#160;Holder&#146;s basis in its shares in ID
    Cayman and, to the extent in excess of such basis, will be
    treated as gain from the sale or exchange of such shares.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    With respect to non-corporate U.S.&#160;Holders for taxable
    years beginning before January&#160;1, 2011, dividends may be
    taxed at the lower applicable long-term capital gains rate
    provided that (a)&#160;the shares of ID Cayman with respect to
    which such dividends are paid are readily tradable on an
    established securities market in the United States, (b)&#160;ID
    Cayman is not a PFIC, as discussed below, for either the taxable
    year in which the dividend was paid or the preceding taxable
    year, and (c)&#160;certain holding period requirements are met.
    The holding period for stock will be reduced for any period in
    which a holder has diminished its risk of loss, and there is a
    lack of clear authority as to whether a U.S.&#160;Holder&#146;s
    holding period for its shares in ID Cayman would be suspended
    for purposes of clause&#160;(c) above for the period that such
    holder had a right to have its stock in Ideation redeemed by
    Ideation. In addition, shares are considered for purposes of
    clause&#160;(a) above to be readily tradable on an established
    securities market in the United States only if they are listed
    on certain exchanges, which presently include NYSE Amex. After
    the closing of the business combination, ordinary shares of ID
    Cayman will be listed on NYSE Amex, but ID Cayman will need to
    re-apply after the consummation of the business combination in
    order to maintain its listing. It is unclear whether ID Cayman
    will meet the requirements for continued listing. If it does not
    meet those standards, the ordinary shares will be de-listed. In
    the event ID Cayman meets the relevant requirements after the
    consummation of the business combination, ID Cayman intends to
    apply for the listing of its ordinary shares on an established
    securities market in the United States. There is no assurance
    that it will be able to do so. If shares of ID Cayman become
    listed on such an exchange, the dividends paid on such shares of
    ID Cayman should qualify for the lower rate. Dividends paid with
    respect to shares of ID Cayman that are not listed on an
    established securities market in the United States, as defined
    as a national securities exchange that is registered under
    section&#160;6 of the Securities Exchange Act of 1934
    (15&#160;U.S.C. 78f) or on the Nasdaq Stock Market, will not
    qualify for the lower rate, and a holder of such shares will be
    subject to tax at ordinary rates on such dividends.
    U.S.&#160;Holders should consult their own tax advisors
    regarding the availability of the lower rate for any dividends
    paid with respect to the shares of ID Cayman.
</DIV>

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<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    If PRC taxes apply to dividends paid to a U.S.&#160;Holder on
    the shares of ID Cayman, such taxes may be treated as foreign
    taxes eligible for credit against such holder&#146;s
    U.S.&#160;federal income tax liability (subject to certain
    limitations), and a U.S.&#160;Holder may be entitled to a
    reduced rate of PRC taxes under the income tax treaty between
    the United States and the PRC. U.S.&#160;Holders should consult
    their own tax advisors regarding the creditability of any such
    PRC tax and their eligibility for the benefits of the income tax
    treaty between the United States and the PRC.
</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 2%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><I><FONT style="font-family: 'Times New Roman', Times">Taxation
    on the Disposition of Shares and Warrants</FONT></I></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Upon a sale or other taxable disposition of the shares or
    warrants in ID Cayman, including the conversion of such shares
    into cash if shares are properly converted upon the closing of a
    business combination or other redemption of such shares that is
    treated as a sale or exchange for U.S.&#160;federal income tax
    purposes, and subject to the PFIC and CFC rules discussed below,
    a U.S.&#160;Holder will recognize capital gain or loss in an
    amount equal to the difference between the amount realized and
    the U.S.&#160;Holder&#146;s adjusted tax basis in the ordinary
    shares or warrants.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Capital gains recognized by U.S.&#160;Holders generally are
    subject to U.S.&#160;federal income tax at the same rate as
    ordinary income, except that long-term capital gains recognized
    by non-corporate U.S.&#160;Holders are subject to preferential
    rates. Capital gain or loss will constitute long-term capital
    gain or loss if the U.S.&#160;Holder&#146;s holding period for
    the ordinary shares or warrants exceeds one year. The
    deductibility of capital losses is subject to various
    limitations.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    If PRC taxes apply to any gain from the disposition of the
    shares or warrants in ID Cayman by a U.S.&#160;Holder, such
    taxes may be treated as foreign taxes eligible for credit
    against such holder&#146;s U.S.&#160;federal income tax
    liability (subject to certain limitations), and a
    U.S.&#160;Holder may be entitled to certain benefits under the
    income tax treaty between the United States and the PRC.
    U.S.&#160;Holders should consult their own tax advisors
    regarding the creditability of any such PRC tax and their
    eligibility for the benefits of the income tax treaty between
    the United States and the PRC.
</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 2%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><I><FONT style="font-family: 'Times New Roman', Times">Exercise
    or Lapse of the warrants</FONT></I></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Subject to the discussion of the PFIC rules below, a
    U.S.&#160;Holder will not recognize gain or loss upon the
    exercise for cash of a warrant to acquire ordinary shares in ID
    Cayman. Ordinary shares acquired pursuant to an exercise for
    cash of a warrant generally will have a tax basis equal to the
    U.S.&#160;Holder&#146;s tax basis in the warrant, increased by
    the amount paid to exercise the warrant. The holding period of
    such ordinary shares generally would begin on the day after the
    date of exercise of the warrant. The terms of a warrant provide
    for an adjustment to the number of ordinary shares for which the
    warrant may be exercised or to the exercise price of the
    warrants in certain events. Such adjustment may, under certain
    circumstances, result in constructive distributions that could
    be taxable to the U.S.&#160;Holder of the warrants. Conversely,
    the absence of an appropriate adjustment similarly may result in
    a constructive distribution that could be taxable, as described
    above, to the U.S.&#160;Holders of the ordinary shares in ID
    Cayman. If a warrant is allowed to lapse unexercised, a
    U.S.&#160;Holder would recognize a capital loss equal to such
    holder&#146;s tax basis in the warrant.
</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 2%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><I><FONT style="font-family: 'Times New Roman', Times">Passive
    Foreign Investment Company Rules</FONT></I></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    A foreign corporation will be a PFIC if at least 75% of its
    gross income in a taxable year, including its pro rata share of
    the gross income of any company in which it is considered to own
    at least 25% of the shares by value, is passive income.
    Alternatively, a foreign corporation will be a PFIC if at least
    50% of its assets in a taxable year, ordinarily determined based
    on fair market value (or, in the case of a CFC, tax basis) and
    averaged quarterly over the year, including its pro rata share
    of the assets of any company in which it is considered to own at
    least 25% of the shares by value, are held for the production
    of, or produce, passive income. Passive income generally
    includes dividends, interest, rents and royalties (other than
    certain rents or royalties derived from the active conduct of a
    trade or business) and gains from the disposition of passive
    assets.
</DIV>

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    <BR>
    144
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<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Based on the expected composition of the assets and income of ID
    Cayman and its subsidiaries after the redomestication and the
    business combination, it is not anticipated that ID Cayman will
    be treated as a PFIC following the redomestication and the
    business combination. The actual PFIC status of ID Cayman for
    any taxable year, however, will not be determinable until after
    the end of its taxable year, and accordingly there can be no
    assurance with respect to the status of ID Cayman as a PFIC for
    the current taxable year or any future taxable year.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    If ID Cayman were a PFIC for any taxable year during which a
    U.S.&#160;Holder held its shares or warrants, and the
    U.S.&#160;Holder did not make either a timely qualified electing
    fund election for the first taxable year of its holding period
    for the shares or a mark-to-market election, as described below,
    such holder will be subject to special rules with respect to:
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="4%"></TD>
    <TD width="2%"></TD>
    <TD width="94%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    any gain recognized by the U.S.&#160;Holder on the sale or other
    disposition of its shares or warrants;&#160;and
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    any &#147;excess distribution&#148; made to the U.S.&#160;Holder
    (generally, any distributions to such U.S.&#160;Holder during a
    taxable year that are greater than 125% of the average annual
    distributions received by such U.S.&#160;Holder in respect of
    the shares of ID Cayman during the three preceding taxable years
    or, if shorter, such U.S.&#160;Holder&#146;s holding period for
    the shares).
</TD>
</TR>

</TABLE>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Under these rules:
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="4%"></TD>
    <TD width="2%"></TD>
    <TD width="94%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    the U.S.&#160;Holder&#146;s gain or excess distribution will be
    allocated ratably over the U.S.&#160;Holder&#146;s holding
    period for the shares or warrants;
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    the amount allocated to the taxable year in which the
    U.S.&#160;Holder recognized the gain or received the excess
    distribution or to any taxable year prior to the first taxable
    year in which ID Cayman was a PFIC will be taxed as ordinary
    income;
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    the amount allocated to other taxable years will be taxed at the
    highest tax rate in effect for that year and applicable to the
    U.S.&#160;Holder;&#160;and
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    the interest charge generally applicable to underpayments of tax
    will be imposed in respect of the tax attributable to each such
    other taxable year.
</TD>
</TR>

</TABLE>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    In addition, if ID Cayman were a PFIC, a U.S.&#160;Holder who
    acquires its shares or warrants from a deceased U.S.&#160;Holder
    who dies before January&#160;1, 2010 and who had not made a
    timely qualified electing fund election for the shares generally
    will be denied the
    <FONT style="white-space: nowrap">step-up</FONT> of
    U.S.&#160;federal income tax basis in such shares or warrants to
    their fair market value at the date of the deceased
    holder&#146;s death. Instead, such U.S.&#160;Holder would have a
    tax basis in such shares or warrants equal to the deceased
    holder&#146;s tax basis, if lower.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    In general, a U.S.&#160;Holder may avoid the PFIC tax
    consequences described above in respect to its shares in ID
    Cayman by making a timely qualified electing fund election to
    include in income its pro rata share of ID Cayman&#146;s net
    capital gains (as long-term capital gain) and other earnings and
    profits (as ordinary income), on a current basis, in each case
    whether or not distributed. A U.S.&#160;Holder may make a
    separate election to defer the payment of taxes on undistributed
    income inclusions under the qualified electing fund rules, but
    if deferred, any such taxes will be subject to an interest
    charge.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    A U.S.&#160;Holder may not make a qualified electing fund
    election with respect to its warrants. As a result, if ID Cayman
    were a PFIC and a U.S.&#160;Holder sells or otherwise disposes
    of a warrant to purchase ordinary shares of ID Cayman (other
    than upon exercise of a warrant), any gain recognized generally
    will be subject to the special tax and interest charge rules
    treating the gain as an excess distribution, as described above,
    if ID Cayman were a PFIC at any time during the period the
    U.S.&#160;Holder held the warrants. If a U.S.&#160;Holder that
    exercises such warrants properly makes a qualified electing fund
    election with respect to the newly acquired ordinary shares in
    ID Cayman (or has previously made a qualified electing fund
    election with respect to its ordinary shares in ID Cayman), the
    qualified electing fund election will apply to the newly
    acquired ordinary shares, but the adverse tax consequences
    relating to PFIC shares, adjusted to take into account the
    current income inclusions resulting from the qualified electing
    fund election, will continue to apply with respect to such newly
    acquired ordinary shares (which generally will be deemed to have
    a holding period for the
</DIV>

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    <BR>
    145
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<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    purposes of the PFIC rules that includes the period the
    U.S.&#160;Holder held the warrants), unless the U.S.&#160;Holder
    makes a purging election. The purging election creates a deemed
    sale of such shares at their fair market value. The gain
    recognized by the purging election will be subject to the
    special tax and interest charge rules treating the gain as an
    excess distribution, as described above. As a result of the
    purging election, the U.S.&#160;Holder will have a new basis and
    holding period in the ordinary shares acquired upon the exercise
    of the warrants for purposes of the PFIC rules.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    The qualified electing fund election is made on a
    <FONT style="white-space: nowrap">shareholder-by-shareholder</FONT>
    basis and, once made, can be revoked only with the consent of
    the IRS. A U.S.&#160;Holder generally makes a qualified electing
    fund election by attaching a completed IRS Form&#160;8621
    (Return by a Shareholder of a Passive Foreign Investment Company
    or Qualified Electing Fund), including the information provided
    in a PFIC annual information statement, to a timely filed
    U.S.&#160;federal income tax return for the tax year to which
    the election relates. Retroactive qualified electing fund
    elections generally may be made only by filing a protective
    statement with such return and if certain other conditions are
    met or with the consent of the IRS.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    In order to comply with the requirements of a qualified electing
    fund election, a U.S.&#160;Holder must receive certain
    information from ID Cayman. Currently, ID Cayman does not intend
    to maintain the necessary information to provide U.S. Holders to
    enable them to make a qualified electing fund election, so U.S.
    Holders should assume such election cannot be made at the
    current time.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    If a U.S.&#160;Holder has elected the application of the
    qualified electing fund rules to its shares in ID Cayman, and
    the special tax and interest charge rules do not apply to such
    shares (because of a timely qualified electing fund election for
    the first tax year of the U.S.&#160;Holder&#146;s holding period
    for such shares or a purge of the PFIC taint pursuant to a
    purging election), any gain recognized on the appreciation of
    such shares should be taxable as capital gain and no interest
    charge will be imposed. As discussed above, U.S.&#160;Holders of
    a qualified electing fund are currently taxed on their pro rata
    shares of the qualified electing fund&#146;s earnings and
    profits, whether or not distributed. In such case, a subsequent
    distribution of such earnings and profits that were previously
    included in income should not be taxable as a dividend to those
    U.S.&#160;Holders who made a qualified electing fund election.
    The tax basis of a U.S.&#160;Holder&#146;s shares in a qualified
    electing fund will be increased by amounts that are included in
    income, and decreased by amounts distributed but not taxed as
    dividends, under the above rules. Similar basis adjustments
    apply to property if by reason of holding such property the
    U.S.&#160;Holder is treated under the applicable attribution
    rules as owning shares in a qualified electing fund.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Although the determination as to ID Cayman&#146;s PFIC status is
    made annually, an initial determination that it is a PFIC will
    generally apply for subsequent years to a U.S.&#160;Holder who
    held shares or warrants of ID Cayman while it was a PFIC,
    whether or not it met the test for PFIC status in those years. A
    U.S.&#160;Holder who makes the qualified electing fund election
    discussed above for the first tax year in which the
    U.S.&#160;Holder holds (or is deemed to hold) shares in ID
    Cayman and for which it is determined to be a PFIC, however,
    will not be subject to the PFIC tax and interest charge rules
    (or the denial of basis
    <FONT style="white-space: nowrap">step-up</FONT> at
    death) discussed above in respect to such shares. In addition,
    such U.S.&#160;Holder will not be subject to the qualified
    electing fund inclusion regime with respect to such shares for
    the tax years in which ID Cayman is not a PFIC. On the other
    hand, if the qualified electing fund election is not effective
    for each of the tax years in which ID Cayman is a PFIC and the
    U.S.&#160;Holder holds (or is deemed to hold) shares in ID
    Cayman, the PFIC rules discussed above will continue to apply to
    such shares unless the U.S.&#160;Holder makes a purging election
    and pays the tax and interest charge with respect to the gain
    inherent in such shares attributable to the pre-qualified
    electing fund election period.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Alternatively, if a U.S.&#160;Holder owns shares in a PFIC that
    is treated as marketable stock, the U.S.&#160;Holder may make a
    mark-to-market election. If the U.S.&#160;Holder makes a valid
    mark-to-market election for the first tax year in which the
    U.S.&#160;Holder holds (or is deemed to hold) shares in ID
    Cayman and for which it is determined to be a PFIC, such holder
    generally will not be subject to the PFIC rules described above
    in respect to its shares. Instead, in general, the
    U.S.&#160;Holder will include as ordinary income each year the
    excess, if any, of the fair market value of its shares at the
    end of its taxable year over the adjusted basis in its shares.
    The U.S.&#160;Holder also will be allowed to take an ordinary
    loss in respect of the excess, if any, of the adjusted
</DIV>

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    <BR>
    146
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<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    basis of its ordinary shares over the fair market value of its
    shares at the end of its taxable year (but only to the extent of
    the net amount of previously included income as a result of the
    mark-to-market election). The U.S.&#160;Holder&#146;s basis in
    its shares will be adjusted to reflect any such income or loss
    amounts, and any further gain recognized on a sale or other
    taxable disposition of the shares will be treated as ordinary
    income. Currently, a mark-to-market election may not be made
    with respect to warrants.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    The mark-to-market election is available only for stock that is
    regularly traded on a national securities exchange that is
    registered with the SEC (including NYSE Amex and NASDAQ), or on
    a foreign exchange or market that the IRS determines has rules
    sufficient to ensure that the market price represents a
    legitimate and sound fair market value. After the closing of the
    business combination, ordinary shares of ID Cayman will be
    listed on NYSE Amex, but ID Cayman will need to re-apply after
    the consummation of the business combination in order to
    maintain its listing. It is unclear whether ID Cayman will meet
    the required standards for continued listing. If it does not
    meet those standards, the ordinary shares will be de-listed. In
    the event ID Cayman meets the relevant requirements after the
    consummation of the business combination, ID Cayman intends to
    apply for the listing of its ordinary shares on an established
    securities market in the United States. There is no assurance
    that it will be able to do so.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    If ID Cayman is a PFIC and, at any time, has a
    <FONT style="white-space: nowrap">non-U.S.&#160;subsidiary</FONT>
    that is classified as a PFIC, U.S.&#160;Holders generally would
    be deemed to own a portion of the shares of such
    lower-tier&#160;PFIC, and generally could incur liability for
    the deferred tax and interest charge described above if ID
    Cayman receives a distribution from, or disposes of all or part
    of its interest in, the lower-tier&#160;PFIC. U.S.&#160;Holders
    are urged to consult their own tax advisors regarding the tax
    issues raised by lower-tier&#160;PFICs. If a U.S.&#160;Holder
    owns (or is deemed to own) shares during any year in a PFIC,
    such holder may have to file an IRS Form&#160;8621 (whether or
    not a qualifying electing fund or mark-to-market election is
    made).
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    The rules dealing with PFICs and with the qualified electing
    fund and mark-to-market elections are very complex and are
    affected by various factors in addition to those described
    above. Accordingly, U.S.&#160;Holders of shares and warrants in
    ID Cayman should consult their own tax advisors concerning the
    application of the PFIC rules to such shares and warrants under
    their particular circumstances.
</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 2%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><I><FONT style="font-family: 'Times New Roman', Times">Controlled
    Foreign Corporation Rules</FONT></I></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    In general, a foreign corporation is considered a controlled
    foreign corporation, or CFC, if &#147;10%
    U.S.&#160;Shareholders&#148; own more than 50% of the total
    combined voting power of all classes of voting stock of such
    foreign corporation, or the total value of all stock of such
    corporation. A 10% U.S.&#160;Shareholder is a U.S.&#160;Person
    who owns at least 10% of the total combined voting power of all
    classes of stock entitled to vote of the foreign corporation.
    Each 10% U.S.&#160;Shareholder of a foreign corporation that is
    a CFC for an uninterrupted period of 30&#160;days or more during
    a taxable year, and that owns shares in the CFC directly or
    indirectly through foreign entities on the last day of the
    CFC&#146;s taxable year must include in its gross income for
    U.S.&#160;federal income tax purposes its pro rata share (based
    on its actual direct and indirect, through foreign entities,
    ownership) of the CFC&#146;s &#147;subpart F income,&#148; even
    if the subpart F income is not distributed.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    For purposes of determining whether a corporation is a CFC, and
    therefore whether the more-than-50% and 10% ownership tests have
    been satisfied, shares owned includes shares owned directly,
    indirectly through foreign entities or shares considered as
    owned by application of certain constructive ownership rules.
    Pursuant to those constructive ownership rules:
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="4%"></TD>
    <TD width="2%"></TD>
    <TD width="94%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    an individual is treated as owning stock owned by certain
    members of his or her family;
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    an option to acquire stock generally is treated as exercised;
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    a corporation is treated as owning stock owned by a 50% or
    greater shareholder;
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    a partnership is treated as owning stock owned by its partners
    (regardless of their percentage ownership of the
    partnership);&#160;and
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    stock owned by a partnership or a corporation is treated as
    owned proportionately by the owners of the entity (in the case
    of corporations, only if the shareholder owns 10% or more of the
    stock of the
</TD>
</TR>

</TABLE>

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    <BR>
    147
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<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="4%"></TD>
    <TD width="2%"></TD>
    <TD width="94%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>
</TD>
    <TD align="left">
    corporation). For this rule, if an entity owns more than 50% of
    the total combined voting power, it is considered to own 100% of
    such voting power.
</TD>
</TR>

</TABLE>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Additional rules apply to trusts and estates.&#160;Operating
    rules apply to prevent reattribution of ownership in certain
    circumstances, as well as attribution that would cause stock to
    be treated as not owned by a U.S.&#160;person. <B>Because the
    attribution rules are complicated and depend on the particular
    facts relating to each investor, you are urged to consult your
    own tax advisors regarding the application of the rules to your
    ownership of ordinary&#160;shares and warrants of ID Cayman.</B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    If ID Cayman were a CFC, a U.S.&#160;Shareholder&#146;s tax
    basis in its ID Cayman shares would be increased by the amount
    of any subpart F income that the shareholder includes in income.
    Any distributions made by ID Cayman out of previously taxed
    subpart F income would be exempt from further U.S.&#160;income
    tax in the hands of the U.S.&#160;Shareholder. The
    U.S.&#160;Shareholder&#146;s tax basis in its ID Cayman shares
    would be reduced by the amount of any distributions that are
    excluded from income under this rule.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Internal Revenue Code section&#160;1248 provides that if a
    U.S.&#160;Person sells or exchanges stock in a foreign
    corporation and such person owned directly, indirectly through
    certain foreign entities or constructively (as described above)
    10% or more of the voting power of the corporation at any time
    during the five-year period ending on the date of disposition
    when the corporation was a CFC, any gain from the sale or
    exchange of the shares will be treated as a dividend to the
    extent of the CFC&#146;s earnings and profits (determined under
    U.S.&#160;federal income tax principles) during the period that
    the shareholder held the shares and while the corporation was a
    CFC (with certain adjustments). A 10% U.S.&#160;Shareholder may
    in certain circumstances be required to report a disposition of
    shares of a CFC by attaching IRS Form&#160;5471 to the
    U.S.&#160;federal income tax or information return that it would
    normally file for the taxable year in which the disposition
    occurs. Prospective investors should consult their tax advisors
    regarding the effects of these rules on a disposition of ID
    Cayman shares.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Due to the anticipated share and warrant ownership among holders
    of ID Cayman after the redomestication and business combination,
    it is not anticipated that ID Cayman will be a CFC after the
    completion of such transactions, but there can be no assurance
    that this will be the case. Thus, we cannot assure you that ID
    Cayman will not be a CFC either following the redomestication
    and business combination or in the future, in which case any 10%
    U.S.&#160;Shareholder would be subject to the rules described
    above.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    The rules dealing with CFCs are very complex. Accordingly,
    U.S.&#160;Holders should consult their own tax advisors
    concerning the application of the CFC rules to their ordinary
    shares and warrants under their particular circumstances.
</DIV>

<DIV style="margin-top: 9pt; font-size: 1pt">&nbsp;</DIV>
<A name='234'>
<DIV align="left" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">Tax
    Consequences to
    <FONT style="white-space: nowrap">Non-U.S.</FONT>
    Holders of Shares and Warrants of ID Cayman</FONT></B>
</DIV>
</A>
<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Dividends paid to a
    <FONT style="white-space: nowrap">Non-U.S.&#160;Holder</FONT>
    in respect to its shares in ID Cayman generally will not be
    subject to U.S.&#160;federal income tax, unless the dividends
    are effectively connected with the
    <FONT style="white-space: nowrap">Non-U.S.&#160;Holder&#146;s</FONT>
    conduct of a trade or business within the United States (or, if
    required by an applicable income tax treaty, are attributable to
    a permanent establishment or fixed base that such holder
    maintains in the United States).
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    In addition, a
    <FONT style="white-space: nowrap">Non-U.S.&#160;Holder</FONT>
    generally will not be subject to U.S.&#160;federal income tax on
    any gain attributable to a sale or other disposition of shares
    or warrants in ID Cayman unless such gain is effectively
    connected with its conduct of a trade or business in the United
    States (or, if required by an applicable income tax treaty, is
    attributable to a permanent establishment or fixed base that
    such holder maintains in the United States) or the
    <FONT style="white-space: nowrap">Non-U.S.&#160;Holder</FONT>
    is an individual who is present in the United States for
    183&#160;days or more in the taxable year of sale or other
    disposition and certain other conditions are met (in which case,
    such gain from United States sources generally is subject to tax
    at a 30% rate or a lower applicable tax treaty rate).
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Dividends and gains that are effectively connected with the
    <FONT style="white-space: nowrap">Non-U.S.&#160;Holder&#146;s</FONT>
    conduct of a trade or business in the United States (or, if
    required by an applicable income tax treaty, are attributable to
    a permanent establishment or fixed base in the United States)
    generally will be subject to tax in the same manner as for a
    U.S.&#160;Holder and, in the case of a
    <FONT style="white-space: nowrap">Non-U.S.&#160;Holder</FONT>
    that is a corporation for U.S.&#160;federal income tax purposes,
    may also be subject to an additional branch profits tax at a 30%
    rate or a lower applicable tax treaty rate.
</DIV>

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    <BR>
    148
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<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->
<A name='235'>
<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">Backup
    Withholding and Information Reporting</FONT></B>
</DIV>
</A>
<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    In general, information reporting for U.S.&#160;federal income
    tax purposes will apply to distributions made on the shares of
    ID Cayman within the United States to a non-corporate
    U.S.&#160;Holder and to the proceeds from sales and other
    dispositions of shares or warrants of ID Cayman to or through a
    U.S.&#160;office of a broker by a non-corporate
    U.S.&#160;Holder. Payments made (and sales and other
    dispositions effected at an office) outside the United States
    will be subject to information reporting in limited
    circumstances.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    In addition, backup withholding of U.S.&#160;federal income tax,
    currently at a rate of 28%, generally will apply to dividends
    paid on the shares of ID Cayman to a non-corporate
    U.S.&#160;Holder and the proceeds from sales and other
    dispositions of shares or warrants of ID Cayman by a
    non-corporate U.S.&#160;Holder, in each case who (a)&#160;fails
    to provide an accurate taxpayer identification number;
    (b)&#160;is notified by the IRS that backup withholding is
    required; or (c)&#160;in certain circumstances, fails to comply
    with applicable certification requirements.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    A
    <FONT style="white-space: nowrap">Non-U.S.&#160;Holder</FONT>
    generally may eliminate the requirement for information
    reporting and backup withholding by providing certification of
    its foreign status, under penalties of perjury, on a duly
    executed applicable IRS
    <FONT style="white-space: nowrap">Form&#160;W-8</FONT>
    or by otherwise establishing an exemption.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Backup withholding is not an additional tax. Rather, the amount
    of any backup withholding will be allowed as a credit against a
    U.S.&#160;Holder&#146;s or a
    <FONT style="white-space: nowrap">Non-U.S.&#160;Holder&#146;s</FONT>
    U.S.&#160;federal income tax liability and may entitle such
    holder to a refund, provided that certain required information
    is timely furnished to the IRS.
</DIV>
<A name='236'>
<DIV style="margin-top: 18pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">MATERIAL
    PRC TAX CONSIDERATIONS</FONT></B>
</DIV>
</A>
<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Pursuant to the applicable PRC tax laws, prior to
    January&#160;1, 2008, companies established in China were
    generally subject to a state and local enterprise income tax, or
    EIT, at statutory rates of 30% and 3%, respectively.
    SearchMedia&#146;s PRC subsidiaries, Jieli Consulting and Jieli
    Network, and most of its consolidated PRC affiliated entities
    were subject to an income tax rate of 33%.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    On March&#160;16, 2007, the National People&#146;s Congress
    adopted the new PRC Enterprise Income Tax Law, or the EIT Law,
    which became effective from January&#160;1, 2008 and replaced
    the separate income tax laws for domestic enterprises and
    foreign-invested enterprises by adopting a unified income tax
    rate of 25% for most enterprises. In addition, on
    December&#160;6, 2007, the State Council issued the
    Implementation Rules for the EIT Law, which became effective
    simultaneously with the EIT Law. On December&#160;26, 2007, the
    State Council issued the Notice on Implementation of Enterprise
    Income Tax Transition Preferential Policy under the EIT Law, or
    the Transition Preferential Policy Circular, which became
    effective upon promulgation. Under these regulations, the PRC
    government revoked many of then existing tax exemption,
    reduction and preferential treatments, but permit companies to
    continue to enjoy their existing preferential tax treatments for
    the remainder of the preferential periods, subject to
    transitional rules as stipulated in the Transition Preferential
    Policy Circular. Since January&#160;1, 2008, SearchMedia&#146;s
    PRC subsidiaries, Jieli Consulting and Jieli Network, and its
    consolidated PRC affiliated entities have been subject to an
    income tax rate of 25%.
</DIV>


<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Under relevant PRC tax law applicable prior to January&#160;1,
    2008, dividend payments to foreign investors made by
    foreign-invested entities were exempt from PRC withholding tax.
    However, under the Implementation Rules of the EIT Law, subject
    to applicable tax agreements or treaties between the PRC and
    other tax jurisdictions, non-resident enterprises without an
    institution or establishment in the PRC, or non-resident
    enterprises whose income has no connection with their
    institutions and establishment in the PRC, are normally subject
    to withholding tax at the rate of 10% with respect to their
    PRC-sourced dividend income. Under the EIT Law, a &#147;resident
    enterprise,&#148; which includes an enterprise established
    outside of China with de facto management bodies located in
    China, will be subject to PRC income tax. Under the
    Implementation Rules of the EIT Law, &#147;de facto management
    body&#148; is defined as the body that has material and overall
    management and control over the business, personnel, accounts
    and properties of enterprise. All of SearchMedia&#146;s
    management is currently located in the PRC. If SearchMedia were
    treated as a resident enterprise for PRC tax purposes,
    SearchMedia would be subject to PRC tax on its worldwide income
    at the 25% uniform tax rate; the dividends distributed from its
    PRC subsidiary to SearchMedia would be exempt income; the
    dividends paid by SearchMedia to its non-PRC shareholders would
    be subject to a withholding tax. In addition, under the EIT
</DIV>


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    <BR>
    149
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<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Law, SearchMedia&#146;s non-PRC shareholders would become
    subject to a 10% income tax on any gains they would realize from
    the transfer of their shares, if such income were sourced from
    within the PRC.
</DIV>
<A name='237'>
<DIV style="margin-top: 18pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">THE SHARE
    INCREASE PROPOSAL</FONT></B>
</DIV>
</A>
<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Ideation is asking you to approve the authorization of
    1,000,000,000 ordinary shares and 10,000,000 preferred shares in
    ID Cayman&#146;s Memorandum of Association, as compared to
    50,000,000&#160;shares of common stock and 1,000,000&#160;shares
    of preferred stock currently authorized in Ideation&#146;s
    Amended and Restated Certificate of Incorporation.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <I>Reason for the proposal.</I>&#160;&#160;The form of ID
    Cayman&#146;s Memorandum of Association agreed upon in
    connection with the share exchange agreement provides for the
    authorization of 1,000,000,000 ordinary shares and 10,000,000
    preferred shares. In order to complete the business combination
    with SearchMedia, Ideation stockholders are required to approve
    the form of ID Cayman&#146;s Memorandum of Association.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <I>Effect of the share increase.</I>&#160;&#160;In negotiating
    the share exchange agreement, the parties agreed that the number
    of shares of capital stock authorized under Ideation&#146;s
    Amended and Restated Certificate of Incorporation was not
    sufficient and that it would be prudent to increase the number
    of authorized shares in connection with the redomestication to
    provide a reserve of shares available for issuance to meet
    business needs as they arise. Such future activities may
    include, without limitation, mergers and acquisitions, equity
    financings, providing equity incentives to employees under
    compensation plans, effecting stock splits, or paying dividends.
    Although ID Cayman has no present obligation to issue additional
    shares (except pursuant to outstanding warrants, purchase
    options and restricted stock units), it may, in the future,
    issue shares in connection with the activities described above
    or otherwise.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Upon completion of the redomestication and business combination,
    the increase in the authorized shares will not have any
    immediate effect on the rights of ID Cayman&#146;s shareholders.
    The ID Cayman board of directors may in the future cause the
    issuance of additional ordinary shares without further vote of
    the ID Cayman shareholders. Upon completion of the
    redomestication and business combination, the ID Cayman
    shareholders will not have preemptive or similar rights, which
    means that the ID Cayman shareholders will not have a prior
    right to purchase any new issue of shares of ID Cayman in order
    to maintain their proportionate ownership. The issuance of
    additional shares would have the effect of decreasing the
    proportionate equity interest of ID Cayman&#146;s shareholders
    and, depending upon the price paid for such additional shares,
    could result in dilution to ID Cayman shareholders.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    The share increase could, under certain circumstances, have an
    anti-takeover effect, although this is not the intention of this
    proposal. For example, in the event of a hostile attempt to take
    over control of ID Cayman, it may be possible for ID Cayman to
    endeavor to impede the attempt by issuing ordinary or preferred
    shares, which would dilute the voting power of the other
    outstanding shares and increase the potential cost to acquire
    control of ID Cayman. The share increase therefore may have the
    effect of discouraging unsolicited takeover attempts,
    potentially limiting the opportunity for ID Cayman&#146;s
    shareholders to dispose of their shares at a premium, which is
    often offered in takeover attempts, or that may be available
    under a future merger proposal. The share increase may also have
    the effect of permitting ID Cayman&#146;s management or board of
    directors to retain its position, and place it in a better
    position to resist changes that shareholders may wish to make if
    they are dissatisfied with the conduct of ID Cayman&#146;s
    business.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    If the Share Increase Proposal is adopted, as of the date of
    this proxy statement/prospectus, assuming the maximum issuance
    of ordinary shares is made in connection with the business
    combination and earn-out and reserving for all warrants,
    options, and restricted share awards to be issued and
    outstanding upon completion of the business combination and
    earn-out, there will be approximately 950,000,000 authorized and
    unissued ordinary shares that are not reserved for any specific
    use and are available for future issuances.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    If the Share Increase Proposal is adopted, it will become
    effective upon the completion of the redomestication. Approval
    of the Share Increase Proposal will require the affirmative vote
    of the holders of a majority in voting power of the outstanding
    shares of Ideation&#146;s common stock.
</DIV>

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    <BR>
    150
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<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    If the Redomestication Proposal and Business Combination
    Proposal are not approved at the special meeting, the Share
    Increase Proposal will not be presented at the meeting.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <I>Conclusion of Ideation&#146;s Board of
    Directors.</I>&#160;&#160;After careful consideration of all
    relevant factors, the Ideation board of directors determined
    that the Share Increase Proposal is advisable and in the best
    interests of Ideation and its stockholders. The board of
    directors has approved and declared the Share Increase Proposal
    advisable and recommends that you vote or give instructions to
    vote <B>&#147;FOR&#148;</B> the proposal.
</DIV>
<A name='238'>
<DIV style="margin-top: 18pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">THE
    DECLASSIFICATION PROPOSAL</FONT></B>
</DIV>
</A>
<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Ideation is asking you to approve the elimination in ID
    Cayman&#146;s Memorandum of Association of the classified board
    currently authorized in Ideation&#146;s Amended and Restated
    Certificate of Incorporation. The Ideation board of directors is
    currently separated into three classes, serving staggered terms.
    Each year, stockholders are requested to elect the directors
    comprising one of the classes for a three-year term. Because of
    the classified board structure, stockholders have the
    opportunity to vote on approximately one-third of the directors
    each year.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <I>Reason for the proposal.</I>&#160;&#160;The form of ID
    Cayman&#146;s Memorandum of Association agreed upon in
    connection with the share exchange agreement did not provide for
    a classified board of directors. In order to complete the
    business combination with SearchMedia, Ideation stockholders are
    required to approve the form of ID Cayman&#146;s Memorandum of
    Association.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <I>Effect of the declassification of the board of
    directors.</I>&#160;&#160;The Declassification Proposal would
    cause each of ID Cayman&#146;s directors to stand for
    re-election each year at ID Cayman&#146;s annual meeting. Upon
    the consummation of the business combination, the initial ID
    Cayman board of directors will consist of ten directors, of
    which the SearchMedia shareholders will designate five directors
    to ID Cayman&#146;s board and the Ideation representative as
    provided in the share exchange agreement will designate five
    directors.
</DIV>


<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Upon consummation of the business combination, the executive
    officers, directors and other affiliates of ID Cayman will own
    over 49% of ID Cayman&#146;s voting shares. These shareholders
    will be able to control substantially all matters requiring
    approval by ID Cayman&#146;s shareholders, including the
    election of directors. The declassification of the board of
    directors will allow these shareholders to change the
    composition of the board of directors at any one annual meeting,
    as opposed to waiting for a period of at least two annual
    meetings as would be required if the board of directors was
    classified.
</DIV>


<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    If the Declassification Proposal is adopted, it will become
    effective upon the completion of the redomestication. Approval
    of the Declassification Proposal will require the affirmative
    vote of the holders of a majority in voting power of the
    outstanding shares of Ideation&#146;s common stock.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    If the Redomestication Proposal and Business Combination
    Proposal are not approved at the special meeting, the
    Declassification Proposal will not be presented at the meeting.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <I>Conclusion of Ideation&#146;s Board of
    Directors.</I>&#160;&#160;After careful consideration of all
    relevant factors, the Ideation board of directors determined
    that the Declassification Proposal is advisable and in the best
    interests of Ideation and its stockholders. The board of
    directors has approved and declared the Declassification
    Proposal advisable and recommends that you vote or give
    instructions to vote <B>&#147;FOR&#148;</B> the proposal.
</DIV>
<A name='239'>
<DIV style="margin-top: 18pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">THE
    AMENDMENT PROPOSAL</FONT></B>
</DIV>
</A>
<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Ideation is asking you to approve the provision in ID
    Cayman&#146;s Articles of Association providing that the
    amendment of either of ID Cayman&#146;s Memorandum of
    Association or Articles of Association will require a vote of
    two-thirds of its shareholders voting in person or by proxy at a
    meeting at which a quorum is present to make such amendment.
    Ideation&#146;s Amended and Restated Certificate of
    Incorporation provides that an amendment to the Amended and
    Restated Certificate of Incorporation requires a vote of a
    majority of the outstanding stock entitled to vote to adopt such
    amendment.
</DIV>

<P align="center" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <BR>
    151
</DIV><!-- END PAGE WIDTH -->
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<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <I>Reason for the proposal.</I>&#160;&#160;The form of ID
    Cayman&#146;s Articles of Association agreed upon in connection
    with the share exchange agreement provided that an amendment to
    either of ID Cayman&#146;s Memorandum of Association or Articles
    of Association must be made by a &#147;special resolution&#148;
    as defined in the Companies Laws. A special resolution requires
    a vote of two-thirds of the shareholders voting in person or by
    proxy at a meeting. In order to complete the business
    combination with SearchMedia, Ideation stockholders are required
    to approve the form of ID Cayman&#146;s Memorandum of
    Association.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <I>Effect of the proposal.</I>&#160;&#160;The Amendment Proposal
    would change the number of shares needed to approve an amendment
    to the charter documents of ID Cayman as compared to the current
    number required to amend the charter documents of Ideation.
    Ideation cannot determine which provision would make amending
    the charter documents more likely, as the ID Cayman amendment
    provisions require a higher percentage of the shares actually
    voted at a meeting at which a quorum is present (with a quorum
    being present with as little as fifty percent (50%) of the
    shares in issue), as opposed to the Ideation amendment
    provisions which require a majority of the outstanding shares to
    approve the amendment regardless of the number of shares voted
    at the meeting.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Upon consummation of the business combination, the executive
    officers, directors and other affiliates of ID Cayman will own
    15.1% of ID Cayman&#146;s voting shares. These shareholders will
    be able to control substantially all matters requiring approval
    by ID Cayman&#146;s shareholders, including the amendment to ID
    Cayman&#146;s Memorandum of Association or Articles of
    Association.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    If the Amendment Proposal is adopted, it will become effective
    upon the completion of the redomestication. Approval of the
    Amendment Proposal will require the affirmative vote of the
    holders of a majority in voting power of the outstanding shares
    of Ideation&#146;s common stock.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    If the Redomestication Proposal and Business Combination
    Proposal are not approved at the special meeting, the Amendment
    Proposal will not be presented at the meeting.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <I>Conclusion of Ideation&#146;s Board of
    Directors.</I>&#160;&#160;After careful consideration of all
    relevant factors, the Ideation board of directors determined
    that the Amendment Proposal is advisable and in the best
    interests of Ideation and its stockholders. The board of
    directors has approved and declared the Amendment Proposal
    advisable and recommends that you vote or give instructions to
    vote <B>&#147;FOR&#148;</B> the proposal.
</DIV>
<A name='241'>
<DIV style="margin-top: 18pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">THE
    SHAREHOLDER CONSENT PROPOSAL</FONT></B>
</DIV>

</A>
<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Ideation is asking you to approve a provision in ID
    Cayman&#146;s Articles of Association providing that the ID
    Cayman shareholders may pass resolutions without holding a
    meeting only if such resolutions are passed by a unanimous
    written resolution signed by all of the shareholders entitled to
    vote, as opposed to the provisions in Ideation&#146;s Amended
    and Restated Certificate of Incorporation that provide that
    stockholders may not take action without a meeting.
</DIV>


<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <I>Reason for the proposal.</I>&#160;&#160;The form of ID
    Cayman&#146;s Articles of Association agreed upon in connection
    with the share exchange agreement provided that the shareholders
    of ID Cayman (or of a particular class) may pass resolutions
    without holding a meeting if such resolutions of the
    shareholders (or class thereof) are passed by a unanimous
    written resolution signed by all of the shareholders (or class
    thereof) entitled to vote. In order to complete the business
    combination with SearchMedia, Ideation stockholders are required
    to approve the form of ID Cayman&#146;s Articles of Association.
</DIV>


<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <I>Effect of the proposal.</I>&#160;&#160;The Shareholder
    Consent Proposal would provide a very limited opportunity for
    shareholders of ID&#160;Cayman to take action without calling a
    special or annual meeting of shareholders, because the provision
    in ID Cayman&#146;s Articles of Association requires a unanimous
    written consent of the shareholders to take an action without a
    meeting.
</DIV>


<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    If the Shareholder Consent Proposal is adopted, it will become
    effective upon the completion of the redomestication. Approval
    of the Shareholder Consent Proposal will require the affirmative
    vote of the holders of a majority in voting power of the
    outstanding shares of Ideation&#146;s common stock.
</DIV>

<P align="center" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <BR>
    152
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<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    If the Redomestication Proposal and Business Combination
    Proposal are not approved at the special meeting, the
    Shareholder Consent Proposal will not be presented at the
    meeting.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <I>Conclusion of Ideation&#146;s Board of
    Directors.</I>&#160;&#160;After careful consideration of all
    relevant factors, the Ideation board of directors determined
    that the Shareholder Consent Proposal is advisable and in the
    best interests of Ideation and its stockholders. The board of
    directors has approved and declared the Shareholder Consent
    Proposal advisable and recommends that you vote or give
    instructions to vote <B>&#147;FOR&#148;</B> the proposal.
</DIV>
<A name='242'>
<DIV style="margin-top: 18pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">THE
    CORPORATE EXISTENCE PROPOSAL</FONT></B>
</DIV>
</A>
<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Ideation is asking you to approve a provision in ID
    Cayman&#146;s Memorandum of Association providing for the
    perpetual existence of ID Cayman, as compared to a provision
    providing for the termination of Ideation&#146;s existence on
    November&#160;19, 2009 as set forth in Ideation&#146;s Amended
    and Restated Certificate of Incorporation.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <I>Reason for the proposal.</I>&#160;&#160;Ideation&#146;s
    Amended and Restated Certificate of Incorporation currently
    provides for the termination of Ideation&#146;s existence on
    November&#160;19, 2009, but allows for the amendment of this
    article to permit Ideation&#146;s continued existence when
    Ideation submits an initial business combination proposal to its
    stockholders.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <I>Effect of the proposal.</I>&#160;&#160;The Corporate
    Existence Proposal will allow for the perpetual existence of ID
    Cayman.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    If the Corporate Existence Proposal is adopted, it will become
    effective upon the completion of the redomestication. Approval
    of the Corporate Existence Proposal will require the affirmative
    vote of the holders of a majority in voting power of the
    outstanding shares of Ideation&#146;s common stock.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    If the Redomestication Proposal and Business Combination
    Proposal are not approved at the special meeting, the Corporate
    Existence Proposal will not be presented at the meeting.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <I>Conclusion of Ideation&#146;s Board of
    Directors.</I>&#160;&#160;After careful consideration of all
    relevant factors, the Ideation board of directors determined
    that the Corporate Existence Proposal is advisable and in the
    best interests of Ideation and its stockholders. The board of
    directors has approved and declared the Corporate Existence
    Proposal advisable and recommends that you vote or give
    instructions to vote <B>&#147;FOR&#148;</B> the proposal.
</DIV>
<A name='243'>
<DIV style="margin-top: 18pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">THE SHARE
    INCENTIVE PLAN PROPOSAL</FONT></B>
</DIV>

</A>
<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Ideation is asking you to approve the assumption of the
    SearchMedia International Limited 2008 Stock Incentive Plan and
    its amendment and restatement as the Amended and Restated 2008
    Share Incentive Plan. The Amended and Restated 2008 Share
    Incentive Plan will make available up to approximately 13% of ID
    Cayman ordinary shares in issue at the closing of the business
    combination for issuance in accordance with the plan&#146;s
    terms. The purpose of the plan is to create incentives designed
    to motivate ID Cayman&#146;s employees to significantly
    contribute toward our growth and profitability, to provide ID
    Cayman&#146;s executives, directors and other employees and
    persons who, by their position, ability and diligence are able
    to make important contributions to our growth and profitability,
    with an incentive to assist us in achieving our long-term
    corporate objectives, to attract and retain executives and other
    employees of outstanding competence and to provide such persons
    with an opportunity to acquire an equity interest in ID Cayman.
    The plan is attached as <U>Annex&#160;I</U> to this proxy
    statement/prospectus. We encourage you to read the plan in its
    entirety.
</DIV>



<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <I>Background and Material Terms of the Amended and Restated
    2008 Share Incentive Plan.</I>&#160;&#160;SM Cayman has adopted
    a 2008&#160;share incentive plan to attract and retain the best
    available personnel, provide additional incentives to employees,
    directors and consultants, and promote the success of its
    business. The 2008&#160;share incentive plan took effect on
    January&#160;1, 2008, the date it was approved by SM
    Cayman&#146;s shareholders. As amended, up to 29,400,000
    ordinary shares have been reserved for issuance under the 2008
    share incentive plan. As of the date of this proxy
    statement/prospectus, SM Cayman&#146;s management personnel have
    outstanding options to purchase a total of 11,395,000 ordinary
    shares. Ideation shall assume the 2008 share incentive plan and
    amend and restate the plan as the Amended and Restated 2008
    Share Incentive Plan.
</DIV>


<P align="center" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <BR>
    153
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<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <I>Plan Administration.</I>&#160;&#160;ID Cayman&#146;s board of
    directors, or a committee designated by the board or directors,
    will administer the plan. The committee or the full board of
    directors, as appropriate, will determine the provisions and
    terms and conditions of each award grant.
</DIV>


<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <I>Types of Awards.</I>&#160;&#160;Pursuant to the plan,
    1,796,452 shares have been reserved for issuance. The types of
    awards ID Cayman may grant under the plan include the following.
</DIV>


<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="4%"></TD>
    <TD width="2%"></TD>
    <TD width="94%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    options to purchase ID Cayman&#146;s ordinary shares;
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    restricted shares, which represent non-transferable ordinary
    shares, that may be subject to forfeiture, restrictions on
    transferability and other restrictions;&#160;and
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    restricted share units, which represent the right to receive ID
    Cayman&#146;s ordinary shares at a specified date in the future,
    which may be subject to forfeiture.
</TD>
</TR>

</TABLE>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <I>Award Document.</I>&#160;&#160;Awards granted under ID
    Cayman&#146;s plan are each evidenced by an award document that
    sets forth the terms, conditions and limitations for each grant,
    including the exercise price, the number of shares to which the
    award pertains, the conditions upon which an option will become
    vested and exercisable and other customary provisions.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <I>Eligibility.</I>&#160;&#160;ID Cayman may grant awards to
    (i)&#160;its employees, directors and consultants, and
    (ii)&#160;the employees, directors and consultants of any of its
    parents or subsidiaries and of any entity in which ID Cayman or
    any of its parents or subsidiaries holds a substantial ownership
    interest. Incentive share options may be granted to employees of
    ID Cayman, or any of its parents or subsidiaries, and may not be
    granted to employees of a related entity or to independent
    directors or consultants.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <I>Acceleration of Awards upon Change of Control and Corporate
    Transactions.</I>&#160;&#160;Unless otherwise provided in the
    award agreement: 1)&#160;the outstanding awards will accelerate
    by one year upon occurrence of a Change of Control as defined in
    the plan where the successor entity does not convert, assume or
    replace ID Cayman&#146;s outstanding awards under the plan;
    2)&#160;in the event of a corporate transaction as defined in
    the plan, including certain amalgamations, arrangements,
    consolidations or schemes of arrangement and the transfer of all
    or substantially all of ID Cayman&#146;s assets, each
    outstanding award that is not assumed or replaced by the
    successor entity will become fully vested and immediately
    exercisable provided that the related grantee&#146;s continuous
    service with ID Cayman shall not be terminated before the
    effective date of the corporate transaction; and
    3)&#160;furthermore, in the event of a corporate transaction,
    each outstanding award that is assumed or replaced by the
    successor entity will become fully vested and immediately
    exercisable immediately upon termination of the
    participant&#146;s employment or service within twelve
    (12)&#160;months of the corporate transaction without cause.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <I>Term of the Awards.</I>&#160;&#160;The term of each award
    grant shall be stated in the award agreement, provided that the
    term for an option shall not exceed ten years from the date of
    the grant, unless shareholder approval is obtained for amending
    the plan to extend the exercise period for an option beyond ten
    years from the date of the grant.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <I>Vesting Schedule.</I>&#160;&#160;In general, the plan
    administrator determines, or the award agreement specifies, the
    vesting schedule.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <I>Transfer Restrictions.</I>&#160;&#160;Except as otherwise
    provided by the committee that administers the plan, awards
    granted under the plan may not be assigned, transferred or
    otherwise disposed of by the award holders other than by will or
    the laws of descent and distribution.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <I>Termination and Amendment of the Plan.</I>&#160;&#160;Unless
    terminated earlier, the plan will expire on, and no award may be
    granted pursuant to the plan after, the tenth anniversary of its
    effective date. With the approval of ID Cayman&#146;s board of
    directors, the committee that administers the plan may amend or
    terminate the plan, except that shareholder approval shall be
    obtained to the extent necessary or desirable to comply with
    applicable laws or stock exchange rules, or for amendments to
    the plan that increase the number of shares available under the
    plan, permit the committee to extend the term of the plan or the
    exercise price of an option
</DIV>

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    <BR>
    154
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<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    beyond ten years from the date of grant or result in a material
    increase in benefits or a change in eligibility requirements.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    If the Redomestication Proposal and the Business Combination
    proposal are not approved at the special meeting, the Share
    Incentive Plan Proposal will not be presented at the meeting.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <I>Conclusion of Ideation&#146;s Board of
    Directors.</I>&#160;&#160;After careful consideration of all
    relevant factors, the Ideation board of directors determined
    that the Share Incentive Plan Proposal is advisable and in the
    best interests of Ideation and its stockholders. The board of
    directors has approved and declared the Share Incentive Plan
    Proposal advisable and recommends that you vote or give
    instructions to vote <B>&#147;FOR&#148;</B> the proposal.
</DIV>
<A name='244'>
<DIV style="margin-top: 18pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">THE
    ADJOURNMENT PROPOSAL</FONT></B>
</DIV>
</A>
<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    This proposal allows the Ideation board of directors to submit a
    proposal to adjourn the special meeting to a later date or
    dates, if necessary, to permit further solicitation of proxies
    in the event there are not sufficient votes at the time of the
    special meeting to approve any of the Charter Amendment
    Proposal, the Redomestication Proposal, the Business Combination
    Proposal, the Share Increase Proposal, the Declassification
    Proposal, the Amendment Proposal, the Shareholder Consent
    Proposal, the Corporate Existence Proposal, and the Share
    Incentive Plan Proposal.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    If this proposal is not approved by Ideation stockholders, its
    board of directors may not be able to adjourn the special
    meeting to a later date in the event there are not sufficient
    votes at the time of the special meeting to approve any of the
    proposals.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Approval of the Adjournment Proposal requires the affirmative
    vote of the holders of a majority in voting power of
    Ideation&#146;s common stock present in person or represented by
    proxy at the special meeting and entitled to vote thereon.
    Abstentions will have the effect of a vote against this
    proposal, but broker non-votes will have no effect on the
    approval of the proposal.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <I>Conclusion of Ideation&#146;s Board of
    Directors.</I>&#160;&#160;After careful consideration of all
    relevant factors, the Ideation board of directors determined
    that the Adjournment Proposal of the special meeting for the
    purpose of soliciting additional proxies is in the best
    interests of Ideation and its stockholders. The board of
    directors has approved and declared the Adjournment Proposal
    advisable and recommends that you vote or give instructions to
    vote <B>&#147;FOR&#148;</B> the proposal.
</DIV>
<A name='245'>
<DIV style="margin-top: 18pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">INFORMATION
    ABOUT SEARCHMEDIA</FONT></B>
</DIV>
</A>
<A name='342'>
<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">Business
    Overview</FONT></B>
</DIV>
</A>
<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    SearchMedia is a leading nationwide multi-platform media company
    and one of the largest operators of integrated outdoor billboard
    and in-elevator advertising networks in China. It ranked first
    in market share of in-elevator advertising displays in 13 out of
    the 26 most affluent cities in China and ranked second in an
    additional nine of these cities, according to Nielsen Media
    Research, an independent research company, in its July 2008
    report commissioned by SearchMedia, or the Nielsen Report.
    SearchMedia&#146;s core outdoor billboard and in-elevator
    platforms are complemented by its subway advertising platform,
    which together enable it to provide multi-platform,
    &#147;one-stop shop&#148; services for its local, national and
    international advertising clients that numbered more than 780
    cumulatively from its inception to July&#160;31, 2009.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Targeting the rapidly growing number of urban and increasingly
    affluent Chinese consumers, SearchMedia deploys its advertising
    network across the following select media platforms:
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="4%"></TD>
    <TD width="2%"></TD>
    <TD width="94%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    <I>Outdoor billboard platform.</I>&#160;&#160;SearchMedia
    operates a network of over 1,500 high-impact billboards with
    over 500,000&#160;square feet of surface display area in
    15&#160;cities, including Beijing, Hong Kong, Qingdao, Shanghai,
    Shenyang, Shenzhen, Guangzhou, Chongqing and Chengdu. Its
    billboards are mostly large format billboards deployed in
    commercial centers and other desirable areas with heavy vehicle
    <FONT style="white-space: nowrap">and/or</FONT> foot
    traffic. SearchMedia has demonstrated its ability to acquire
    high-profile billboard
</TD>
</TR>

</TABLE>

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    <BR>
    155
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<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="4%"></TD>
    <TD width="2%"></TD>
    <TD width="94%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>
</TD>
    <TD align="left">
    contracts with its success in 2007 in securing the billboard
    advertising rights at the Bund, a landmark destination in
    Shanghai.
</TD>
</TR>

</TABLE>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="4%"></TD>
    <TD width="2%"></TD>
    <TD width="94%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    <I>In-elevator platform.</I>&#160;&#160;SearchMedia&#146;s
    network of over 175,000 printed and digital poster frames
    delivers targeted advertising messages inside elevators to
    captive audiences in high-rise residential and office buildings
    in 57 major cities in China. The in-elevator platform targets
    the affluent urban population that is highly desired by
    advertisers and is characterized by its low cost structure and
    minimal capital requirements. According to the Nielsen Report,
    SearchMedia ranked first in market share of in-elevator
    advertising displays in 13 out of the 26&#160;most affluent
    cities in China and ranked second in an additional nine of these
    cities. These 26&#160;cities were among China&#146;s most
    affluent measured by urban disposable income per capita and GDP
    per capita in 2007, and together accounted for 65% of all
    advertising expenditures on traditional media, including TV,
    newspaper and magazines, in China in 2007.
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    <I>Subway advertising platform.</I>&#160;&#160;SearchMedia
    operates a network of large-format light boxes in concourses of
    eight major subway lines in Shanghai. According to the Metro
    Authority of Shanghai, in 2008, these subway lines carried an
    aggregate average daily traffic of approximately three million
    commuters.
</TD>
</TR>

</TABLE>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    SearchMedia&#146;s multi-platform offerings are cross-marketed
    by an integrated sales force located in 29 offices across China.
    As of July&#160;31, 2009, over 780 advertisers had purchased
    advertising space on SearchMedia&#146;s network since 2005.
    These advertising clients are from industries ranging from
    telecommunications, insurance and banking, to automobiles, real
    estate, electronics and fast moving consumer goods. In 2008,
    approximately 40% of SearchMedia&#146;s contracts were entered
    into with advertising agencies representing these brands.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Since SearchMedia entered the out-of-home advertising industry
    through its predecessors in 2005, it has achieved significant
    growth through acquisitions and organic expansion. From 2005 to
    July&#160;31, 2009 SearchMedia has expanded its network to over
    175,000 poster frames and over 500,000&#160;square feet of
    billboard space. SearchMedia&#146;s revenues, operating income
    and net income were $7.8&#160;million, $2.2&#160;million and
    $1.2&#160;million, respectively, for the period from its
    inception on February&#160;9, 2007 to December&#160;31, 2007,
    and $88.6&#160;million, $22.8&#160;million and
    $4.3&#160;million, respectively, for the year ended
    December&#160;31, 2008. SearchMedia believes it is
    well-positioned to continue to expand its billboard and
    in-elevator networks through acquisitions and organic expansion,
    and capitalize on the growth opportunities in China&#146;s
    out-of-home and other emerging media markets.
</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 2%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><I><FONT style="font-family: 'Times New Roman', Times">Competitive
    Advantages</FONT></I></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    SearchMedia believes it enjoys the following advantages over its
    competitors:
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <I>Nationwide coverage and leading market
    share.</I>&#160;&#160;With a nationwide coverage of
    57&#160;cities within 28 provinces throughout China and Hong
    Kong, SearchMedia is one of the largest operators of out-of-home
    advertising media networks in China. According to the Nielsen
    Report, SearchMedia ranked first in market share of in-elevator
    advertising displays in 13 out of the 26 most affluent cities in
    China and ranked second in an additional nine of these cities.
    SearchMedia believes its leading market share and experience
    have enabled it to build a strong brand and reputation in the
    industry and have allowed it to attract a highly diversified
    advertising base of national and international clients, in
    addition to a broad client list of local advertisers. From its
    inception to July&#160;31, 2009, over 780 advertisers had
    purchased advertising space on SearchMedia&#146;s advertising
    network. SearchMedia believes its growing nationwide coverage,
    its leading market share and strong reputation will continue to
    help it expand its client base and media portfolio, create
    significant barriers to entry in existing markets and provide
    added leverage in its quest to expand to new geographic and
    advertising markets.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <I>Extensive advertising network across multiple media
    platforms.</I>&#160;&#160;SearchMedia believes its extensive
    advertising network across multiple media platforms allows it to
    act as a &#147;one-stop shop&#148; for advertising clients that
    seek nationwide distribution of advertising content across
    multiple advertising channels,
</DIV>

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    <BR>
    156
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<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    including outdoor billboards, elevators and subway stations. The
    site-specific billboards and frames in its large portfolio
    further combine nationwide marketing with the benefit of
    precision targeting of audiences. These attributes allow
    SearchMedia to accommodate clients that desire to scale and
    optimize their advertising solutions based on their advertising
    budgets, targeted audiences and nature of marketing. The
    effectiveness of SearchMedia&#146;s advertising solutions are
    particularly enhanced by the ability of its in-elevator and
    subway advertising platforms to deliver messages on a continuous
    basis to a captive audience that is urban and increasingly
    affluent. Additionally, SearchMedia believes that many of its
    clients are often using in-elevator advertising for promotional
    purposes, as opposed to just brand awareness, which is a core
    strategy for these advertisers regardless of the economic
    climate. SearchMedia believes the appeal of its scalable,
    targeted and effective advertising solutions will continue to
    attract new and recurring clients, aided by its integrated sales
    team that is trained to cross-sell its solutions across multiple
    platforms and to create a seamless sales experience through
    keeping one consistent point of contact throughout each sales
    process. SearchMedia also believes that the multiple revenue
    streams generated from the various media platforms will
    contribute to the financial and operational stability of the
    business by mitigating the market risks it could potentially
    experience with any particular advertising platform.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <I>Leverage over a fragmented in-elevator leasing
    market.</I>&#160;&#160;The management and ownership of
    residential and office buildings in China are highly fragmented
    in cities where SearchMedia currently operates and where it
    targets for expansion. As of July&#160;31, 2009, it had over
    8,000 elevator leasing contracts in effect with over
    6,000&#160;site managers and owners in the 57&#160;cities where
    it operates SearchMedia believes the asymmetry created by the
    fragmented lessor market and the relatively concentrated lessee
    market has contributed to the relatively stable rental cost it
    has enjoyed since the beginning of 2007 and the high contract
    renewal rate of 80% for the same period. SearchMedia believes
    its leverage in lease negotiations will further strengthen as it
    continues to consolidate the in-elevator advertising market.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <I>Profitable and scalable revenue model.</I>&#160;&#160;Each of
    SearchMedia&#146;s media platforms can be characterized by a low
    cost structure and low level of capital expenditures required
    for expansion, which is expected to allow SearchMedia to
    cost-efficiently expand and scale its operations in response to
    market conditions and new opportunities. SearchMedia believes
    its expansion opportunities, both geographic and in new
    advertising markets, can be further characterized by low
    incremental cost and high marginal profit, as it continues to
    leverage its existing integrated sales team located in 29
    offices across 28 provinces, supported by the IT, human resource
    and administration professionals at its corporate headquarters.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <I>Significant value proposition to
    advertisers.</I>&#160;&#160;SearchMedia&#146;s nationwide
    coverage and its site-specific, multi-platform offerings combine
    possibilities of nationwide marketing campaigns with focused
    targeting of audiences within one or more specific locations.
    These attributes allow it to accommodate clients that desire to
    scale and optimize their advertising solutions based on their
    advertising budgets, targeted audiences and nature of marketing.
    The effectiveness of SearchMedia&#146;s advertising solutions
    are particularly enhanced by the ability of its in-elevator and
    subway advertising platforms to deliver messages on a continuous
    basis to a captive audience that is urban and increasingly
    affluent. Additionally, SearchMedia believes that many of its
    clients are often using in-elevator advertising for promotional
    purposes, as opposed to just brand awareness, which is a core
    strategy for these advertisers regardless of the economic
    climate. SearchMedia believes the appeal of its scalable,
    targeted and effective advertising solutions will continue to
    attract new and recurring clients, aided by its integrated sales
    team that is trained to cross-sell its solutions across multiple
    platforms and to create a seamless sales experience through
    keeping one consistent point of contact throughout each sales
    process.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <I>Strong management team.</I>&#160;&#160;SearchMedia&#146;s
    founders and other members of its senior management team share
    among them over 100&#160;years of combined industry experience
    in China. SearchMedia&#146;s management team has been
    strengthened by the addition of several key executives, who
    bring operational and management experiences from both
    multinational and leading domestic companies. Under the
    leadership of its founders and senior management, SearchMedia
    has been able to successfully pursue
</DIV>

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    <BR>
    157
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    acquisitions and integrate acquired resources, operate an
    efficient organization, build its nationwide sales force,
    increase brand awareness and build a diverse client base.
    SearchMedia believes its strong management team has demonstrated
    vision and execution capabilities that will continue to
    strengthen its market leadership position in the out-of-home
    advertising market.
</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 2%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><I><FONT style="font-family: 'Times New Roman', Times">Strategy</FONT></I></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    SearchMedia&#146;s goal is to own and operate the leading
    integrated out-of-home media network in China with a focus on
    existing and emerging media platforms with low capital
    requirements and high returns. SearchMedia intends to achieve
    these goals by pursuing the following strategies:
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <I>Solidify its leadership position through increased
    penetration of existing markets and expansion into new
    markets.</I>&#160;&#160;SearchMedia is currently one of the
    largest outdoor and in-elevator media operators in China. To
    consolidate its leadership position, SearchMedia intends to
    increase penetration of existing markets and aggressively expand
    into new markets. In cities where SearchMedia has an existing
    network and sales presence, SearchMedia intends to further
    strengthen its relationships with site managers and owners, and
    aims to renew and secure additional leases on a multi-year,
    exclusive basis, with the initial focus on premium sites with
    high visibility and impact. In addition, SearchMedia plans to
    continue the expansion of its outdoor billboard advertising
    platform through strategic cooperation with business partners
    and acquisition of additional businesses. SearchMedia also plans
    to expand its subway advertising platform by capitalizing on the
    many subway lines in planning stages or currently under
    construction throughout China, including those under
    construction in Chengdu, Hangzhou, Shenyang and Xi&#146;an, and
    others in planning in Harbin and Qingdao.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <I>Diversify and increase media offerings and optimize its
    portfolio.</I>&#160;&#160;SearchMedia&#146;s media offerings
    consist primarily of printed and digital poster frames and
    billboards carried on its outdoor billboard, in-elevator and
    subway advertising platforms. In order to enhance
    SearchMedia&#146;s service offerings and capitalize on the
    increasing prominence of new media forms, it plans to further
    expand its advertising coverage through the widening adoption of
    existing media products, such as digital frames. Digital frames
    not only present the possibilities of creating more memorable
    advertising messages through story-boarding, they also present
    opportunities of multiplying SearchMedia&#146;s revenues
    generated from its existing network by increasing the number of
    displays available for sale in each poster frame. SearchMedia
    intends to implement a prudent rollout of more digital frames
    over its network, in tandem with its enhanced efforts of
    marketing digital frames for wider adoption by higher-end
    clients that have greater needs for market segmentation. Market
    conditions permitting, SearchMedia also plans to introduce new
    and differentiated advertising products that offer its clients
    more customization opportunities. SearchMedia believes its
    strategy of diversifying its products will allow it to continue
    to serve as a &#147;one-stop shop&#148; media service provider,
    simultaneously optimize its network and client base, and
    diversify its revenue and income streams. It also aims to
    periodically adjust the portfolio of media holdings in its
    network in order to optimize the portfolio for higher returns.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <I>Continue to implement an integrated sales approach and engage
    in cross-selling efforts.</I>&#160;&#160;SearchMedia intends to
    continue to engage in cross-selling efforts to enable existing
    and potential advertising clients to take advantage of its
    multi-platform advertising network, and to help increase the
    value of its network and the occupancy rate of its offerings. To
    further implement cross-selling initiatives, SearchMedia plans
    to adopt an integrated sales approach under which SearchMedia
    will continue to coordinate and integrate the sales and
    maintenance teams across platforms and geographic regions and
    provide them with the proper training and incentive structure to
    encourage more cohesive and consistent services to its clients
    and a heightened awareness of opportunities to cross-sell its
    media offerings while optimizing advertising solutions for its
    clients. SearchMedia also intends to further consolidate the
    media and sales resources of the businesses it acquired as a
    necessary measure to effectively integrate SearchMedia&#146;s
    sales force and engage in cross-selling efforts.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <I>Continue efforts to strengthen brand
    name.</I>&#160;&#160;Having expanded its network to
    57&#160;cities in China and Hong Kong in less than two years,
    successfully competed for premium advertising sites and won over
</DIV>

<P align="center" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <BR>
    158
</DIV><!-- END PAGE WIDTH -->
<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>

<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    clients through quality service and attractive media offerings,
    SearchMedia has built its
    brand,&#160;<IMG src="g18264a4g1826404.gif" alt=""> into a well-known
    name in the advertising industry. SearchMedia intends to
    continue to invest in intensive branding efforts and bid for
    high-profile projects that will bring positive media exposure
    and lead to greater market acceptance and name recognition.
    SearchMedia believes its enhanced brand will help obtain repeat
    businesses from existing clients and a larger share of their
    marketing budgets, attract new clients to advertise on its
    network, help convince site managers and owners to cooperate
    with SearchMedia, and entice other media operators to
    potentially partner with SearchMedia in mutually beneficial
    pursuits.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <I>Pursue strategic alliances and acquisitions and integrate
    acquired businesses.</I>&#160;&#160;SearchMedia plans to
    supplement its organic growth and enhance the scale of its
    operations by identifying, selectively pursuing strategic
    alliances and acquisitions. SearchMedia will continue to
    identify and evaluate strategic acquisition opportunities with
    attractive media products, platforms or client bases that will
    complement its growth strategy of pursuing operations with low
    capital requirements and high returns. SearchMedia believes this
    strategy will further enhance its market leadership position
    while also providing an attractive return on investment.
</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 2%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><I><FONT style="font-family: 'Times New Roman', Times">Industry
    Background</FONT></I></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    China&#146;s advertising market has experienced tremendous
    growth in recent years and is one of the world&#146;s largest
    and fastest growing advertising markets. The growth of
    China&#146;s advertising market is supported by the fast growing
    Chinese economy and its growing and increasingly affluent urban
    population.
</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 2%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><I><FONT style="font-family: 'Times New Roman', Times">China&#146;s
    Economy</FONT></I></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="4%"></TD>
    <TD width="2%"></TD>
    <TD width="94%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    <I>Large, Fast Growing Chinese Economy.</I>&#160;&#160;China is
    the world&#146;s most populous country, with a population of
    1.3&#160;billion as of the end of 2008 according to the
    U.S.&#160;Census Bureau. China&#146;s gross domestic product, or
    GDP, grew from $1.8 trillion in 2003 to $3.2 trillion in 2007,
    representing a compound annual growth rate, or CAGR, of 16.0%,
    and is expected to reach $5.3&#160;trillion in 2011,
    representing a CAGR of 13.4% from 2007 to 2011, according to
    ZenithOptimedia.
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    <I>Urbanization Trend.</I>&#160;&#160;China has witnessed a
    growing trend toward urbanization in the past decade. According
    to the China Statistical Yearbook, the urban population
    represented approximately 45% of the overall population in China
    as of December&#160;31, 2007 compared to approximately 29% as of
    December&#160;31, 1995. Furthermore, according to an article by
    Xinhua News, the official press agency of China, the urban
    population will represent approximately 50% of China&#146;s
    total population by the end of 2010 and reach 60% of
    China&#146;s total population by the end of 2020.
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    <I>Increasingly Affluent Urban Population.</I>&#160;&#160;The
    National Bureau of Statistics of China reported that the annual
    disposable income per capita in urban households increased from
    RMB8,472 in 2003 to RMB13,786 in 2007, representing a CAGR of
    12.9%. In Beijing, Guangzhou, Shanghai and Shenzhen, where
    SearchMedia has major operations, annual per capita disposable
    income in 2007 was RMB21,989, RMB22,469, RMB23,623 and
    RMB24,870, respectively, representing a level significantly
    above the national average.
</TD>
</TR>

</TABLE>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 2%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><I><FONT style="font-family: 'Times New Roman', Times">China&#146;s
    Advertising Market</FONT></I></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="4%"></TD>
    <TD width="2%"></TD>
    <TD width="94%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    <I>Large Size and High Growth.</I>&#160;&#160;China has the
    largest advertising market in Asia excluding Japan, and the
    fifth largest advertising market in the world, as measured by
    total advertising expenditure. According to ZenithOptimedia,
    advertising spending in China in 2007 was approximately
    $15.4&#160;billion, accounting for 26.4% of the total
    advertising spending in Asia excluding Japan. ZenithOptimedia
    also projected that the advertising market in China will be one
    of the fastest growing advertising markets in the world in the
    next three years, growing at a CAGR of 9.4% from 2007 to 2011.
    By 2011, China is projected to account for 31.1% of the total
    advertising spending in Asia excluding Japan.
</TD>
</TR>

</TABLE>

<P align="center" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <BR>
    159
</DIV><!-- END PAGE WIDTH -->
<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>

<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 2%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><I><FONT style="font-family: 'Times New Roman', Times">Advertising
    expenditures (in billions of U.S. dollars)</FONT></I></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<TABLE border="0" width="100%" align="center" cellpadding="0" cellspacing="0" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
<!-- Table Width Row BEGIN -->
<TR style="font-size: 1pt" valign="bottom">
    <TD width="35%">&nbsp;</TD>	<!-- colindex=01 type=maindata -->
    <TD width="2%">&nbsp;</TD>	<!-- colindex=02 type=gutter -->
    <TD width="1%" align="right">&nbsp;</TD>	<!-- colindex=02 type=lead -->
    <TD width="2%" align="right">&nbsp;</TD>	<!-- colindex=02 type=body -->
    <TD width="1%" align="left">&nbsp;</TD>	<!-- colindex=02 type=hang1 -->
    <TD width="3%">&nbsp;</TD>	<!-- colindex=03 type=gutter -->
    <TD width="1%" align="right">&nbsp;</TD>	<!-- colindex=03 type=lead -->
    <TD width="2%" align="right">&nbsp;</TD>	<!-- colindex=03 type=body -->
    <TD width="1%" align="left">&nbsp;</TD>	<!-- colindex=03 type=hang1 -->
    <TD width="3%">&nbsp;</TD>	<!-- colindex=04 type=gutter -->
    <TD width="1%" align="right">&nbsp;</TD>	<!-- colindex=04 type=lead -->
    <TD width="2%" align="right">&nbsp;</TD>	<!-- colindex=04 type=body -->
    <TD width="1%" align="left">&nbsp;</TD>	<!-- colindex=04 type=hang1 -->
    <TD width="3%">&nbsp;</TD>	<!-- colindex=05 type=gutter -->
    <TD width="1%" align="right">&nbsp;</TD>	<!-- colindex=05 type=lead -->
    <TD width="2%" align="right">&nbsp;</TD>	<!-- colindex=05 type=body -->
    <TD width="1%" align="left">&nbsp;</TD>	<!-- colindex=05 type=hang1 -->
    <TD width="3%">&nbsp;</TD>	<!-- colindex=06 type=gutter -->
    <TD width="1%" align="right">&nbsp;</TD>	<!-- colindex=06 type=lead -->
    <TD width="2%" align="right">&nbsp;</TD>	<!-- colindex=06 type=body -->
    <TD width="1%" align="left">&nbsp;</TD>	<!-- colindex=06 type=hang1 -->
    <TD width="3%">&nbsp;</TD>	<!-- colindex=07 type=gutter -->
    <TD width="1%" align="right">&nbsp;</TD>	<!-- colindex=07 type=lead -->
    <TD width="2%" align="right">&nbsp;</TD>	<!-- colindex=07 type=body -->
    <TD width="1%" align="left">&nbsp;</TD>	<!-- colindex=07 type=hang1 -->
    <TD width="3%">&nbsp;</TD>	<!-- colindex=08 type=gutter -->
    <TD width="1%" align="right">&nbsp;</TD>	<!-- colindex=08 type=lead -->
    <TD width="2%" align="right">&nbsp;</TD>	<!-- colindex=08 type=body -->
    <TD width="1%" align="left">&nbsp;</TD>	<!-- colindex=08 type=hang1 -->
    <TD width="3%">&nbsp;</TD>	<!-- colindex=09 type=gutter -->
    <TD width="1%" align="right">&nbsp;</TD>	<!-- colindex=09 type=lead -->
    <TD width="2%" align="right">&nbsp;</TD>	<!-- colindex=09 type=body -->
    <TD width="1%" align="left">&nbsp;</TD>	<!-- colindex=09 type=hang1 -->
    <TD width="3%">&nbsp;</TD>	<!-- colindex=10 type=gutter -->
    <TD width="1%" align="right">&nbsp;</TD>	<!-- colindex=10 type=lead -->
    <TD width="5%" align="right">&nbsp;</TD>	<!-- colindex=10 type=body -->
    <TD width="1%" align="left">&nbsp;</TD>	<!-- colindex=10 type=hang1 -->
</TR>
<!-- Table Width Row END -->
<TR style="font-size: 8pt" valign="bottom" align="center">
<TD nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    <B>CAGR</B>
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom" align="center">
<TD nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    <B>2004</B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    <B>2005</B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    <B>2006</B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    <B>2007</B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    <B>2008</B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    <B>2009</B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    <B>2010</B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    <B>2011</B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    <B>2007-2011</B>
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR style="line-height: 3pt; font-size: 1pt">
<TD>&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    China
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    9.5
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    11.1
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    13.3
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    15.4
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    18.3
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    19.3
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    20.3
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    22.1
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    9.4
</TD>
<TD nowrap align="left" valign="bottom">
    %
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    India
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    2.6
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    3.0
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    3.6
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    4.4
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    5.2
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    5.5
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    6.0
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    6.9
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    11.9
</TD>
<TD nowrap align="left" valign="bottom">
    %
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Singapore
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    1.3
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    1.2
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    1.3
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    1.3
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    1.4
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    1.2
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    1.2
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    1.2
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    (2.0
</TD>
<TD nowrap align="left" valign="bottom">
    )%
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Indonesia
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    1.6
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    1.8
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    2.2
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    2.6
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    3.0
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    3.3
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    3.6
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    4.1
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    12.1
</TD>
<TD nowrap align="left" valign="bottom">
    %
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Japan
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    37.0
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    40.3
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    40.7
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    41.0
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    39.5
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    37.5
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    37.0
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    37.3
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    (2.3
</TD>
<TD nowrap align="left" valign="bottom">
    )%
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    South Korea
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    8.3
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    8.6
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    9.3
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    10.0
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    9.5
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    7.6
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    8.4
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    10.6
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    1.5
</TD>
<TD nowrap align="left" valign="bottom">
    %
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    United Kingdom
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    22.8
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    23.5
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    24.0
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    25.5
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    25.0
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    22.8
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    23.3
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    24.4
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    (1.1
</TD>
<TD nowrap align="left" valign="bottom">
    )%
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Germany
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    22.2
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    23.2
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    24.7
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    25.8
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    25.3
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    23.9
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    24.4
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    25.1
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    (0.7
</TD>
<TD nowrap align="left" valign="bottom">
    )%
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    United States
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    161.5
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    166.2
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    174.8
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    179.3
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    171.9
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    156.9
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    154.3
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    156.0
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    (3.4
</TD>
<TD nowrap align="left" valign="bottom">
    )%
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Worldwide
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    395.2
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    419.4
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    449.2
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    479.4
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    484.0
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    450.5
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    457.2
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    477.7
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    (0.1
</TD>
<TD nowrap align="left" valign="bottom">
    )%
</TD>
</TR>
</TABLE>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">

</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <I>Source :</I> ZenithOptimedia (March 2009)
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="4%"></TD>
    <TD width="2%"></TD>
    <TD width="94%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    <I>Room for sustained growth.</I>&#160;&#160;SearchMedia
    believes the advertising market in China has the potential for
    considerable and sustained growth due to the relatively low
    levels of advertising expenditure per capita and advertising
    expenditure as a percentage of GDP in China compared to other
    countries. The following table sets forth the advertising
    expenditure per capita and as a percentage of GDP in the
    countries listed below for 2007.
</TD>
</TR>

</TABLE>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<TABLE border="0" width="100%" align="center" cellpadding="0" cellspacing="0" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
<!-- Table Width Row BEGIN -->
<TR style="font-size: 1pt" valign="bottom">
    <TD width="76%">&nbsp;</TD>	<!-- colindex=01 type=maindata -->
    <TD width="2%">&nbsp;</TD>	<!-- colindex=02 type=gutter -->
    <TD width="1%" align="right">&nbsp;</TD>	<!-- colindex=02 type=lead -->
    <TD width="9%" align="right">&nbsp;</TD>	<!-- colindex=02 type=body -->
    <TD width="1%" align="left">&nbsp;</TD>	<!-- colindex=02 type=hang1 -->
    <TD width="3%">&nbsp;</TD>	<!-- colindex=03 type=gutter -->
    <TD width="1%" align="right">&nbsp;</TD>	<!-- colindex=03 type=lead -->
    <TD width="6%" align="right">&nbsp;</TD>	<!-- colindex=03 type=body -->
    <TD width="1%" align="left">&nbsp;</TD>	<!-- colindex=03 type=hang1 -->
</TR>
<!-- Table Width Row END -->
<TR style="font-size: 8pt" valign="bottom" align="center">
<TD nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="6" align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    <B>Advertising Expenditure in 2007</B>
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom" align="center">
<TD nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    <B>Per capita&#160;($)</B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    <B>% of GDP</B>
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR style="line-height: 3pt; font-size: 1pt">
<TD>&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    China
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    11.6
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    0.5
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    India
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    3.7
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    0.4
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Singapore
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    298.9
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    0.8
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Indonesia
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    11.1
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    0.6
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Japan
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    320.8
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    0.9
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    South Korea
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    206.7
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    1.0
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    United Kingdom
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    418.8
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    0.9
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Germany
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    311.8
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    0.8
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    United States
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    586.1
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    1.3
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Worldwide
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    91.3
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    0.9
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
</TABLE>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">

</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <I>Source :</I> ZenithOptimedia (March 2009)
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="4%"></TD>
    <TD width="2%"></TD>
    <TD width="94%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    <I>Urban Concentration.</I>&#160;&#160;Historically, advertising
    expenditure in China has been highly concentrated in more
    economically developed urban areas where income per capita is
    much higher than in rural areas. This trend is supported by the
    fact that the annual per capita disposable income in urban
    households in 2007 was RMB13,786, more than triple of the
    corresponding statistic for rural households of RMB4,140,
    according to China&#146;s National Bureau of Statistics.
    Additionally, as of 2006, China has 30 of the 100&#160;largest
    cities in the world, based on city proper data from the United
    Nations Statistics Division.
</TD>
</TR>

</TABLE>

<P align="center" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <BR>
    160
</DIV><!-- END PAGE WIDTH -->
<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>

<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 2%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><I><FONT style="font-family: 'Times New Roman', Times">20
    largest Chinese cities as of 2006</FONT></I></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<TABLE border="0" width="100%" align="center" cellpadding="0" cellspacing="0" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
<!-- Table Width Row BEGIN -->
<TR style="font-size: 1pt" valign="bottom">
    <TD width="59%">&nbsp;</TD>	<!-- colindex=01 type=maindata -->
    <TD width="2%">&nbsp;</TD>	<!-- colindex=02 type=gutter -->
    <TD width="1%" align="right">&nbsp;</TD>	<!-- colindex=02 type=lead -->
    <TD width="8%" align="right">&nbsp;</TD>	<!-- colindex=02 type=body -->
    <TD width="1%" align="left">&nbsp;</TD>	<!-- colindex=02 type=hang1 -->
    <TD width="3%">&nbsp;</TD>	<!-- colindex=03 type=gutter -->
    <TD width="1%" align="right">&nbsp;</TD>	<!-- colindex=03 type=lead -->
    <TD width="5%" align="right">&nbsp;</TD>	<!-- colindex=03 type=body -->
    <TD width="1%" align="left">&nbsp;</TD>	<!-- colindex=03 type=hang1 -->
    <TD width="3%">&nbsp;</TD>	<!-- colindex=04 type=gutter -->
    <TD width="1%" align="right">&nbsp;</TD>	<!-- colindex=04 type=lead -->
    <TD width="5%" align="right">&nbsp;</TD>	<!-- colindex=04 type=body -->
    <TD width="1%" align="left">&nbsp;</TD>	<!-- colindex=04 type=hang1 -->
    <TD width="3%">&nbsp;</TD>	<!-- colindex=05 type=gutter -->
    <TD width="1%" align="right">&nbsp;</TD>	<!-- colindex=05 type=lead -->
    <TD width="4%" align="right">&nbsp;</TD>	<!-- colindex=05 type=body -->
    <TD width="1%" align="left">&nbsp;</TD>	<!-- colindex=05 type=hang1 -->
</TR>
<!-- Table Width Row END -->
<TR style="font-size: 8pt" valign="bottom" align="center">
<TD nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="10" align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    <B>SearchMedia&#146;s Portfolio as of July&#160;31, 2009</B>
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom" align="center">
<TD nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    <B>Population</B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    <B>Billboard</B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    <B>Elevator</B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    <B>Subway</B>
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom" align="center">
<TD nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    <B>(In millions)</B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR style="line-height: 3pt; font-size: 1pt">
<TD>&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Shanghai
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    14.3
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    <FONT style="font-family: Wingdings; font-variant: normal">&#252;
    </FONT>
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    <FONT style="font-family: Wingdings; font-variant: normal">&#252;
    </FONT>
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    <FONT style="font-family: Wingdings; font-variant: normal">&#252;
    </FONT>
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Beijing
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    11.5
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    <FONT style="font-family: Wingdings; font-variant: normal">&#252;
    </FONT>
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    <FONT style="font-family: Wingdings; font-variant: normal">&#252;
    </FONT>
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Chongqing
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    9.7
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    <FONT style="font-family: Wingdings; font-variant: normal">&#252;
    </FONT>
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    <FONT style="font-family: Wingdings; font-variant: normal">&#252;
    </FONT>
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Guangzhou
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    8.5
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    <FONT style="font-family: Wingdings; font-variant: normal">&#252;
    </FONT>
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    <FONT style="font-family: Wingdings; font-variant: normal">&#252;
    </FONT>
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Wuhan
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    8.3
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    <FONT style="font-family: Wingdings; font-variant: normal">&#252;
    </FONT>
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    <FONT style="font-family: Wingdings; font-variant: normal">&#252;
    </FONT>
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Tianjin
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    7.5
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    <FONT style="font-family: Wingdings; font-variant: normal">&#252;
    </FONT>
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Shenzhen
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    7.0
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    <FONT style="font-family: Wingdings; font-variant: normal">&#252;
    </FONT>
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    <FONT style="font-family: Wingdings; font-variant: normal">&#252;
    </FONT>
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Hong Kong
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    6.9
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    <FONT style="font-family: Wingdings; font-variant: normal">&#252;
    </FONT>
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Dongguan
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    6.4
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    <FONT style="font-family: Wingdings; font-variant: normal">&#252;
    </FONT>
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Shenyang
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    5.3
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    <FONT style="font-family: Wingdings; font-variant: normal">&#252;
    </FONT>
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    <FONT style="font-family: Wingdings; font-variant: normal">&#252;
    </FONT>
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Xi&#146;an
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    4.5
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    <FONT style="font-family: Wingdings; font-variant: normal">&#252;
    </FONT>
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    <FONT style="font-family: Wingdings; font-variant: normal">&#252;
    </FONT>
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Chengdu
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    4.3
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    <FONT style="font-family: Wingdings; font-variant: normal">&#252;
    </FONT>
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    <FONT style="font-family: Wingdings; font-variant: normal">&#252;
    </FONT>
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Nanjing
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    3.6
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    <FONT style="font-family: Wingdings; font-variant: normal">&#252;
    </FONT>
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    <FONT style="font-family: Wingdings; font-variant: normal">&#252;
    </FONT>
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Harbin
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    3.5
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    <FONT style="font-family: Wingdings; font-variant: normal">&#252;
    </FONT>
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Dalian
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    3.2
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    <FONT style="font-family: Wingdings; font-variant: normal">&#252;
    </FONT>
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Changchun
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    3.2
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    <FONT style="font-family: Wingdings; font-variant: normal">&#252;
    </FONT>
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Kunming
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    3.0
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    <FONT style="font-family: Wingdings; font-variant: normal">&#252;
    </FONT>
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Ji&#146;nan
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    3.0
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    <FONT style="font-family: Wingdings; font-variant: normal">&#252;
    </FONT>
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    <FONT style="font-family: Wingdings; font-variant: normal">&#252;
    </FONT>
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Guiyang
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    3.0
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    <FONT style="font-family: Wingdings; font-variant: normal">&#252;
    </FONT>
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Zibo
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    2.8
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    <FONT style="font-family: Wingdings; font-variant: normal">&#252;</FONT>
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
</TABLE>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">

</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <I>Population source :</I> United Nations Statistics Division
</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 2%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><I><FONT style="font-family: 'Times New Roman', Times">Out-of-home
    Advertising in China</FONT></I></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Out-of-home advertising, which typically refers to advertising
    media in public places, such as billboards, in-elevator
    displays, street furniture and transit area displays, has
    emerged as an important form of advertising in China, and serves
    as a key marketing tool for both domestic and international
    advertisers. In particular, SearchMedia believes out-of-home
    advertising presents a number of advantages over other forms of
    advertising, including:
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="4%"></TD>
    <TD width="2%"></TD>
    <TD width="94%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    <I>Effective and broad reach.</I>&#160;&#160;SearchMedia
    believes out-of-home advertising media is typically difficult
    for target audiences to interrupt or selectively avoid. When
    appropriately positioned, out-of-home advertising offers
    sustained and repetitive reach to a broad audience.
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    <I>Selective targeting.</I>&#160;&#160;Out-of-home advertising
    can effectively target specific demographics and locations. For
    example, advertisers can choose to target young middle income
    individuals near bars and restaurants, high income individuals
    at golf clubs or pedestrians in close proximity to their
    businesses.
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    <I>Captures an increasingly mobile audience.</I>&#160;&#160;In
    China, factors such as increasing urbanization, increasing
    disposable income, longer travel time and greater travel
    frequency are leading to the general population&#146;s spending
    a larger amount of time away from home. As a result, out-of-home
    advertising enjoys advantages over other popular traditional
    advertising, such as television or radio, which are
    predominantly delivered to homes.
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    <I>Cost effective advertising.</I>&#160;&#160;Out-of-home
    advertising is a lower cost advertising platform compared to
    many other forms, in particular television, radio and print
    media. In addition, local businesses that
</TD>
</TR>

</TABLE>

<P align="center" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <BR>
    161
</DIV><!-- END PAGE WIDTH -->
<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>

<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="4%"></TD>
    <TD width="2%"></TD>
    <TD width="94%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>
</TD>
    <TD align="left">
    cannot afford more costly traditional media favor out-of-home
    advertising since it offers greater customization on a local and
    segment basis.
</TD>
</TR>

</TABLE>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 2%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <I><FONT style="font-family: 'Times New Roman', Times">Market
    size and growth</FONT></I>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    SearchMedia believes the advantages outlined above have helped
    the out-of-home advertising market to become one of the fastest
    growing advertising markets in China. The following table sets
    forth the estimated advertising expenditure by media for the
    years indicated. The outdoor advertising market is expected to
    grow by a CAGR of 11.8% from $2.6&#160;billion in 2007 to
    $4.0&#160;billion in 2011.
</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 2%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><I><FONT style="font-family: 'Times New Roman', Times">Advertising
    expenditures in China (in millions of U.S.
    dollars)</FONT></I></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<TABLE border="0" width="100%" align="center" cellpadding="0" cellspacing="0" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
<!-- Table Width Row BEGIN -->
<TR style="font-size: 1pt" valign="bottom">
    <TD width="28%">&nbsp;</TD>	<!-- colindex=01 type=maindata -->
    <TD width="2%">&nbsp;</TD>	<!-- colindex=02 type=gutter -->
    <TD width="1%" align="right">&nbsp;</TD>	<!-- colindex=02 type=lead -->
    <TD width="2%" align="right">&nbsp;</TD>	<!-- colindex=02 type=body -->
    <TD width="1%" align="left">&nbsp;</TD>	<!-- colindex=02 type=hang1 -->
    <TD width="3%">&nbsp;</TD>	<!-- colindex=03 type=gutter -->
    <TD width="1%" align="right">&nbsp;</TD>	<!-- colindex=03 type=lead -->
    <TD width="3%" align="right">&nbsp;</TD>	<!-- colindex=03 type=body -->
    <TD width="1%" align="left">&nbsp;</TD>	<!-- colindex=03 type=hang1 -->
    <TD width="3%">&nbsp;</TD>	<!-- colindex=04 type=gutter -->
    <TD width="1%" align="right">&nbsp;</TD>	<!-- colindex=04 type=lead -->
    <TD width="3%" align="right">&nbsp;</TD>	<!-- colindex=04 type=body -->
    <TD width="1%" align="left">&nbsp;</TD>	<!-- colindex=04 type=hang1 -->
    <TD width="3%">&nbsp;</TD>	<!-- colindex=05 type=gutter -->
    <TD width="1%" align="right">&nbsp;</TD>	<!-- colindex=05 type=lead -->
    <TD width="3%" align="right">&nbsp;</TD>	<!-- colindex=05 type=body -->
    <TD width="1%" align="left">&nbsp;</TD>	<!-- colindex=05 type=hang1 -->
    <TD width="3%">&nbsp;</TD>	<!-- colindex=06 type=gutter -->
    <TD width="1%" align="right">&nbsp;</TD>	<!-- colindex=06 type=lead -->
    <TD width="3%" align="right">&nbsp;</TD>	<!-- colindex=06 type=body -->
    <TD width="1%" align="left">&nbsp;</TD>	<!-- colindex=06 type=hang1 -->
    <TD width="3%">&nbsp;</TD>	<!-- colindex=07 type=gutter -->
    <TD width="1%" align="right">&nbsp;</TD>	<!-- colindex=07 type=lead -->
    <TD width="3%" align="right">&nbsp;</TD>	<!-- colindex=07 type=body -->
    <TD width="1%" align="left">&nbsp;</TD>	<!-- colindex=07 type=hang1 -->
    <TD width="3%">&nbsp;</TD>	<!-- colindex=08 type=gutter -->
    <TD width="1%" align="right">&nbsp;</TD>	<!-- colindex=08 type=lead -->
    <TD width="3%" align="right">&nbsp;</TD>	<!-- colindex=08 type=body -->
    <TD width="1%" align="left">&nbsp;</TD>	<!-- colindex=08 type=hang1 -->
    <TD width="3%">&nbsp;</TD>	<!-- colindex=09 type=gutter -->
    <TD width="1%" align="right">&nbsp;</TD>	<!-- colindex=09 type=lead -->
    <TD width="3%" align="right">&nbsp;</TD>	<!-- colindex=09 type=body -->
    <TD width="1%" align="left">&nbsp;</TD>	<!-- colindex=09 type=hang1 -->
    <TD width="3%">&nbsp;</TD>	<!-- colindex=10 type=gutter -->
    <TD width="1%" align="right">&nbsp;</TD>	<!-- colindex=10 type=lead -->
    <TD width="5%" align="right">&nbsp;</TD>	<!-- colindex=10 type=body -->
    <TD width="1%" align="left">&nbsp;</TD>	<!-- colindex=10 type=hang1 -->
</TR>
<!-- Table Width Row END -->
<TR style="font-size: 8pt" valign="bottom" align="center">
<TD nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    <B>CAGR</B>
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom" align="center">
<TD nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    <B>2004</B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    <B>2005</B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    <B>2006</B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    <B>2007</B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    <B>2008</B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    <B>2009</B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    <B>2010</B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    <B>2011</B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    <B>2007-2011</B>
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR style="line-height: 3pt; font-size: 1pt">
<TD>&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Television
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    3,832
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    4,670
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    5,311
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    5,823
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    6,871
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    7,489
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    8,163
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    8,571
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    10.1
</TD>
<TD nowrap align="left" valign="bottom">
    %
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Radio
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    433
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    511
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    752
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    826
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    991
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    1,070
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    1,124
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    1,236
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    10.6
</TD>
<TD nowrap align="left" valign="bottom">
    %
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Newspapers
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    3,033
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    3,366
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    4,109
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    4,235
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    4,405
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    4,184
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    3,766
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    3,879
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    (2.2
</TD>
<TD nowrap align="left" valign="bottom">
    )%
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Magazines
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    267
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    327
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    317
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    348
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    383
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    363
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    327
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    360
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    0.9
</TD>
<TD nowrap align="left" valign="bottom">
    %
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Outdoor
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    1,626
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    1,655
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    1,890
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    2,574
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    3,166
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    3,325
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    3,491
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    4,015
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    11.8
</TD>
<TD nowrap align="left" valign="bottom">
    %
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Internet
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    308
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    535
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    927
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    1,606
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    2,490
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    2,863
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    3,436
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    4,054
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    26.0
</TD>
<TD nowrap align="left" valign="bottom">
    %
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Cinema
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    19
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    20
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    22
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    26
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    31
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    30
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    30
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    33
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    6.1
</TD>
<TD nowrap align="left" valign="bottom">
    %
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Total
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    9,518
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    11,084
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    13,327
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    15,438
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    18,336
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    19,325
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    20,336
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    22,148
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    9.4
</TD>
<TD nowrap align="left" valign="bottom">
    %
</TD>
</TR>
</TABLE>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">

</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <I>Source :</I> ZenithOptimedia (March 2009)
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Moreover, out-of-home advertising represents a significantly
    larger portion of overall advertising expenditures in China than
    in other major markets. In 2007, out-of-home advertising
    represented 16.7% of overall advertising expenditures in China,
    compared to 3.9% in the United States, 6.5% in the United
    Kingdom and 7.6% in India, according to ZenithOptimedia.
</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 2%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <I><FONT style="font-family: 'Times New Roman', Times">Market
    fragmentation.</FONT></I>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    The out-of-home advertising market is highly fragmented and,
    based on SearchMedia management estimates, there are more than
    50,000 out-of-home advertising service providers operating in
    the PRC as of December&#160;31, 2008. Most of these companies
    are small and there are few regional or national players. Due to
    limited scale and coverage, services from most out-of-home
    advertising service providers are, consequently, not
    differentiated. Moreover, large advertisers tend to have
    sophisticated advertising requirements, such as nationwide
    coverage, targeted timing, and location and demographics, which
    most local and small advertising service providers find hard to
    fulfill.
</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 2%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><I><FONT style="font-family: 'Times New Roman', Times">Outdoor
    Billboard Advertising in China</FONT></I></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Outdoor billboards can reach a large number of motorists and
    pedestrians, especially when they are placed in commercial
    centers or other areas of high pedestrian and vehicle traffic.
    Unlike certain other advertising media, such as television,
    audiences cannot interrupt or selectively avoid advertisements
    displayed on outdoor structures. SearchMedia believes the
    sustained, repetitive viewing of large-format, high-impact
    outdoor advertising facilitates the delivery of advertising
    messages and results in higher recall rates. Additionally,
    outdoor billboard advertising enables advertisers, such as
    restaurants, entertainment facilities, hotels and other roadside
    operations, to target motorists or pedestrians in close
    proximity to their businesses.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Outdoor billboard advertising is a relatively low cost medium,
    as compared to other forms of advertising media. As a result,
    outdoor billboard advertising is often used as a complementary
    marketing platform for companies implementing a multifaceted
    media plan across various media. Also, outdoor billboard
    advertising is often used by local businesses that cannot afford
    more expensive alternatives.
</DIV>

<P align="center" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <BR>
    162
</DIV><!-- END PAGE WIDTH -->
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<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Advertising placed on outdoor billboards in popular destinations
    such as the Shanghai Bund has the potential to attract large
    groups of locals and tourists. SearchMedia believes this number
    will continue to increase in the next couple of years due to a
    variety of factors including major events such as the World Expo
    2010 Shanghai.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    The outdoor advertising market in China is highly fragmented,
    with local and regional players dominating small individual
    markets and no visible nationwide player. SearchMedia believes
    the fragmented market presents opportunities for consolidation
    by companies with adequate resources and market standings.
</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 2%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><I><FONT style="font-family: 'Times New Roman', Times">In-Elevator
    Advertising in China</FONT></I></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    In-elevator advertising is another popular out-of-home
    advertising medium. In-elevator advertising involves advertising
    primarily inside elevators of modern high-rise office and
    residential buildings. In-elevator advertising is generally in
    the form of TV broadcasts from LCD screens or commercial images
    displayed from printed or digital poster frames. In-elevator
    advertising has gained market acceptance and popularity in
    recent years.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    The growth of in-elevator advertising has benefited from urban
    development and construction in China. As high-rise buildings
    with elevators replace older low-rise buildings without
    elevators, the number of elevators has steadily increased. The
    growing trend of urbanization and the increasingly affluent
    urban population have provided the in-elevator advertising
    market with a growing base of diverse audiences that is highly
    desired by advertisers.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    The appeal of in-elevator advertising stems in part from the
    site-specific nature of elevators, which provides advertisers
    opportunities to engage in targeted advertising to select
    audiences of desired demographics at specific locations. The
    <FONT style="white-space: nowrap">24-7,</FONT>
    high-frequency contact characterizing the in-elevator medium
    increases effectiveness of advertising through repeated
    deliveries of advertising messages to captive audiences of
    targeted demographics without competing distractions. According
    to the result of case study for an international fast food chain
    conducted in Beijing, Shenzhen, Ningbo, Xi&#146;an, Foshan,
    Taiyuan and Shanghai in June 2008, after three weeks of exposure
    to a particular advertisement, approximately 72% of all
    respondents surveyed were able to recall the advertisement
    inside elevators and nearly 70% of them reported favorable
    reactions.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    The in-elevator advertising market in China is still relatively
    fragmented with local and regional players dominating small
    individual markets and few nationwide players, offering
    opportunities for companies with better resources and
    experiences to consolidate.
</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 2%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><I><FONT style="font-family: 'Times New Roman', Times">Subway
    Advertising in China</FONT></I></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Subway systems, including underground systems and above-ground
    light rails, are being built at a rapid pace in major cities in
    China, and many new residential and commercial developments are
    being built on the outskirts of these cities. These factors,
    combined with low private vehicle ownership in China and high
    traffic congestion on Chinese streets and expressways,
    contribute to the large number of urban Chinese that rely on the
    dependable and affordable mass subway transportation systems for
    daily commutes and travels. According to the Metro Authority of
    Shanghai, in 2008, these subway lines carried an aggregate
    average daily traffic of approximately three million commuters.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    As a result, SearchMedia believes advertising at subway stations
    or on subway transportation systems will continue to gain
    popularity. Advertising placed in subway stations, where a large
    number of people congregate, can reach a large group of
    consumers in a more cost-effective manner than most mass media
    advertising. SearchMedia believes advertising in subway stations
    also allows advertisers to reach their targeted demographics,
    including younger and upwardly mobile audiences.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    According to a March 2009 article in <I>Barron&#146;s</I>,
    approximately 250 Chinese cities are planning to build new
    subway lines by 2015, and as additional subway lines are being
    constructed in major cities, such as Beijing and Shanghai, the
    market for subway transportation advertising is expected to
    continue to grow in China.
</DIV>

<P align="center" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <BR>
    163
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<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->
<A name='246'>
<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">Corporate
    Organization and Operating History</FONT></B>
</DIV>
</A>
<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 2%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><I><FONT style="font-family: 'Times New Roman', Times">Corporate
    Organization</FONT></I></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    SearchMedia commenced its operations in 2005 through
    (i)&#160;Shanghai Sige Advertising and Media Co., Ltd., or Sige,
    a Chinese company controlled by Ms.&#160;Qinying Liu, SM
    Cayman&#146;s chairman and shareholder, (ii)&#160;Shenzhen Dale
    Advertising Co., Ltd., or Dale, a Chinese company owned by
    Ms.&#160;Le Yang, SM Cayman&#146;s director and shareholder, and
    Mr.&#160;Haiyin Yang, brother of Ms.&#160;Le Yang, and
    (iii)&#160;Beijing Conghui Advertising Co., Ltd., or Conghui, a
    company controlled by a minority shareholder of SM Cayman.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    In order to facilitate fundraising outside of China, SM Cayman
    was incorporated in the Cayman Islands on February&#160;9, 2007
    and became the holding company of SearchMedia&#146;s business.
    On June&#160;1, 2007, SM Cayman established Jieli Investment
    Management Consulting (Shanghai) Co., Ltd., or Jieli Consulting,
    a wholly-owned subsidiary in China.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    As operating an advertising network was restricted to PRC
    entities at the time, SM Cayman, through Jieli Consulting,
    entered into contractual arrangements on June&#160;4, 2007 with
    each of Sige, Dale and Conghui. Pursuant to these contractual
    arrangements, Jieli Consulting became the primary beneficiary,
    bore all the economic risks and received all the economic
    benefits of these entities&#146; advertising businesses, and
    controlled the financing and operating affairs with respect to
    these businesses. As a result, SearchMedia consolidated the
    financial statements of these entities beginning on June&#160;4,
    2007.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    On August&#160;3, 2007, the legal shareholders of Sige and Dale
    organized Jingli Shanghai, a limited liability company
    incorporated in China, to assume the business of Sige, Dale and
    Conghui. On September&#160;10, 2007, Jieli Consulting entered
    into contractual arrangements with Jingli Shanghai on terms
    similar to those under previous arrangements with Sige and Dale
    and Conghui.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    On October&#160;31, 2007, Jieli Consulting terminated the
    contractual arrangements with Conghui due to a difference of
    views on future business plans and strategies between the
    management of SearchMedia and Conghui. As a result, SearchMedia
    deconsolidated Conghui in the 2007 period and views only Sige
    and Dale as its predecessors.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    In the opinion of Commerce&#160;&#038; Finance Law Offices,
    SearchMedia&#146;s PRC legal counsel,
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="4%"></TD>
    <TD width="2%"></TD>
    <TD width="94%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    the respective ownership structures of Jingli Shanghai and Jieli
    Consulting are in compliance with current PRC laws and
    regulations;
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    each contract under Jieli Consulting&#146;s contractual
    arrangements with Jingli Shanghai and its shareholders, governed
    by PRC laws, is valid and binding on all parties to these
    arrangements and do not violate current PRC laws or regulation.
</TD>
</TR>

</TABLE>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    SearchMedia has been advised by its PRC legal counsel, however,
    that there are uncertainties regarding the interpretation and
    application of current and future PRC laws and regulations.
    Accordingly, the PRC regulatory authorities may in the future
    take a view that is contrary to the above opinion of
    SearchMedia&#146;s PRC legal counsel. SearchMedia has been
    further advised by its PRC legal counsel that if the PRC
    government determines that the agreements that establish the
    structure for operating its PRC advertising network businesses
    do not comply with applicable restrictions on foreign investment
    in the advertising industry, it could be subject to severe
    penalties including being prohibited from continuing its
    operation. See &#147;Risk Factors&#160;&#151; Risks Relating to
    Doing Business in the People&#146;s Republic of
    China&#160;&#151; If the PRC government determines that the
    contractual arrangements that establish the structure for
    operating SearchMedia&#146;s China business do not comply with
    applicable PRC laws and regulations, SearchMedia could be
    subject to severe penalties.&#148;
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    In March 2007, August 2007 and May 2008, SM Cayman conducted
    Series&#160;A, Series&#160;B and Series&#160;C preferred shares
    and warrants private placements and received gross proceeds of
    approximately $1&#160;million, $20&#160;million and
    $10&#160;million, respectively. The investor in the
    Series&#160;A private placements was CSV. The investors in the
    Series&#160;B private placements were CSV and Deutsche Bank. The
    investors in SM Cayman&#146;s Series&#160;C private placements
    were Gentfull Investment Limited and Gavast Estate Limited.
</DIV>

<P align="center" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <BR>
    164
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<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Since 2008, SearchMedia has rapidly expanded its advertising
    network through the acquisition of the following advertising
    companies in China and Hong Kong:
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="4%"></TD>
    <TD width="2%"></TD>
    <TD width="94%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    In January 2008, Jingli Shanghai acquired 100% of the equity
    interest in Shaanxi Xinshichuang Advertising Planning Co., Ltd.,
    a Chinese company primarily engaged in elevator advertising
    business;
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    In January 2008, Jingli Shanghai acquired 100% of the equity
    interest in Qingdao Kaixiang Advertising Co., Ltd., a Chinese
    company primarily engaged in outdoor billboard advertising
    business;
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    In January 2008, Jingli Shanghai acquired 100% of the equity
    interest in Shanghai Jincheng Advertising Co., Ltd., a Chinese
    company operating advertisings in cafeterias of office buildings;
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    In January 2008, Jingli Shanghai acquired 100% of the equity
    interest in Beijing Wanshuizhiyuan Advertising Co., Ltd., a
    Chinese company primarily engaged in outdoor billboard
    advertising business;
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    In January 2008, Jingli Shanghai acquired 100% of the
    advertising business of Shenyang Xicheng Advertising Co., Ltd.,
    a Chinese company primarily engaged in outdoor billboard
    advertising business. Jingli Shanghai subsequently transferred
    such business and related assets into Shenyang Jingli
    Advertising Co., Ltd., a newly incorporated Chinese company;
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    In February 2008, Jingli Shanghai acquired 100% of the equity
    interest in Shanghai Haiya Advertising Co., Ltd., a Chinese
    company operating rapid transit advertising business;
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    In April 2008, Jingli Shanghai acquired 100% of the advertising
    business of Beijing Youluo Advertising Co., Ltd., a Chinese
    company primarily engaged in outdoor billboard advertising
    business. Jingli Shanghai subsequently transferred such business
    and related assets into Shanghai Botang Advertising Co., Ltd., a
    newly incorporated Chinese company;
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    In April 2008, Jingli Shanghai acquired 100% of the equity
    interest in Tianjin Shengshitongda Advertising Creativity Co.,
    Ltd., a Chinese company operating elevator advertising business;
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    In April 2008, SM Cayman acquired 100% of the equity interest in
    Ad-Icon Company Limited, a Hong Kong company operating outdoor
    billboard advertising business;
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    In July 2008, Jingli Shanghai acquired 100% of the equity
    interest in Changsha Jingli Advertising Co., Ltd., a Chinese
    company operating elevator advertising business;
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    In July 2008, Jingli Shanghai acquired 100% of the equity
    interest in Wenzhou Rigao Advertising Co., Ltd., a Chinese
    company operating elevator advertising business;&#160;and
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    In July 2008, Jingli Shanghai acquired 100% of the equity
    interest in Wuxi Ruizhong Advertising Co., Ltd., a Chinese
    company operating elevator advertising business.
</TD>
</TR>

</TABLE>

<P align="center" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <BR>
    165
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<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->
<A name='247'>
<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">Corporate
    Ownership Structure</FONT></B>
</DIV>
</A>
<DIV style="margin-top: 3pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    The following diagram illustrates SearchMedia&#146;s current
    corporate structure and the place of formation and affiliation
    of each of its subsidiaries as of the date of this proxy
    statement/prospectus.
</DIV>

<DIV style="margin-top: 3pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <IMG src="g18264a4g1826402.gif" alt=""><B><FONT style="font-family: 'Times New Roman', Times">
    </FONT></B>
</DIV>

<DIV style="margin-top: 3pt; font-size: 1pt">&nbsp;</DIV>

<DIV style="font-size: 1pt; margin-left: 0%; width: 13%;  align: left; border-bottom: 1pt solid #000000"></DIV><!-- callerid=999 iwidth=456 length=60 -->

<DIV style="margin-top: 3pt; font-size: 1pt">&nbsp;</DIV>



<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">

<TR>
    <TD width="3%"></TD>
    <TD width="1%"></TD>
    <TD width="96%"></TD>
</TR>

<TR>
    <TD align="right" valign="top">
    (1) </TD>
    <TD></TD>
    <TD valign="bottom">
    Jieli Investment Management Consulting (Shanghai) Co., Ltd., or
    Jieli Consulting, a Chinese limited liability company, 100%
    owned by SearchMedia International Limited.</TD>
</TR>

</TABLE>

<P align="center" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <BR>
    166
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<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->

<DIV style="margin-top: 3pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">

<TR>
    <TD width="3%"></TD>
    <TD width="1%"></TD>
    <TD width="96%"></TD>
</TR>

<TR>
    <TD align="right" valign="top">
    (2) </TD>
    <TD></TD>
    <TD valign="bottom">
    Jieli Network Technology Development (Shanghai) Co., Ltd, or
    Jieli Network, a Chinese limited liability company, 100% owned
    by SearchMedia International Limited.</TD>
</TR>


<TR style="line-height: 3pt; font-size: 1pt"><TD>&nbsp;</TD></TR>

<TR>
    <TD align="right" valign="top">
    (3) </TD>
    <TD></TD>
    <TD valign="bottom">
    Shanghai Jingli Advertising Co., Ltd, or Jingli Shanghai, a
    Chinese limited liability company, 60% owned by Ms.&#160;Qinying
    Liu, a Chinese citizen, and 40% owned by Ms.&#160;Le Yang, a
    Chinese citizen.</TD>
</TR>


<TR style="line-height: 3pt; font-size: 1pt"><TD>&nbsp;</TD></TR>

<TR>
    <TD align="right" valign="top">
    (4) </TD>
    <TD></TD>
    <TD valign="bottom">
    Shanghai Botang Advertising Co., Ltd, or Shanghai Botang, a
    Chinese limited liability company, 100% owned by Jingli Shanghai.</TD>
</TR>


<TR style="line-height: 3pt; font-size: 1pt"><TD>&nbsp;</TD></TR>

<TR>
    <TD align="right" valign="top">
    (5) </TD>
    <TD></TD>
    <TD valign="bottom">
    Shanghai Haiya Advertising Co., Ltd, or Shanghai Haiya, a
    Chinese limited liability company, 100% owned by Jingli Shanghai.</TD>
</TR>


<TR style="line-height: 3pt; font-size: 1pt"><TD>&nbsp;</TD></TR>

<TR>
    <TD align="right" valign="top">
    (6) </TD>
    <TD></TD>
    <TD valign="bottom">
    Shanghai Jincheng Advertising Co., Ltd, or Shanghai Jincheng, a
    Chinese limited liability company, 100% owned by Jingli Shanghai.</TD>
</TR>


<TR style="line-height: 3pt; font-size: 1pt"><TD>&nbsp;</TD></TR>

<TR>
    <TD align="right" valign="top">
    (7) </TD>
    <TD></TD>
    <TD valign="bottom">
    Beijing Wanshuizhiyuan Advertising Co., Ltd, or Beijing
    Wanshuizhiyuan , a Chinese limited liability company, 100% owned
    by Jingli Shanghai.</TD>
</TR>


<TR style="line-height: 3pt; font-size: 1pt"><TD>&nbsp;</TD></TR>

<TR>
    <TD align="right" valign="top">
    (8) </TD>
    <TD></TD>
    <TD valign="bottom">
    Tianjin Shengshitongda Advertising Creativity Co., Ltd, or
    Tianjin Shengshitongda, a Chinese limited liability company,
    100% owned by Jingli Shanghai.</TD>
</TR>


<TR style="line-height: 3pt; font-size: 1pt"><TD>&nbsp;</TD></TR>

<TR>
    <TD align="right" valign="top">
    (9) </TD>
    <TD></TD>
    <TD valign="bottom">
    Shenyang Jingli Advertising Co., Ltd., or Shenyang Jingli, a
    Chinese limited liability company, 100% owned by Jingli Shanghai.</TD>
</TR>


<TR style="line-height: 3pt; font-size: 1pt"><TD>&nbsp;</TD></TR>

<TR>
    <TD align="right" valign="top">
    (10) </TD>
    <TD></TD>
    <TD valign="bottom">
    Shaanxi Xinshichuang Advertising Planning Co., Ltd., or Shaan Xi
    Xinshichuang, a Chinese limited liability company, 100% owned by
    Jingli Shanghai.</TD>
</TR>


<TR style="line-height: 3pt; font-size: 1pt"><TD>&nbsp;</TD></TR>

<TR>
    <TD align="right" valign="top">
    (11) </TD>
    <TD></TD>
    <TD valign="bottom">
    Changsha Jingli Advertising Co., Ltd., or Changsha Jingli, a
    Chinese limited liability company, 100% owned by Jingli Shanghai.</TD>
</TR>


<TR style="line-height: 3pt; font-size: 1pt"><TD>&nbsp;</TD></TR>

<TR>
    <TD align="right" valign="top">
    (12) </TD>
    <TD></TD>
    <TD valign="bottom">
    Qingdao Kaixiang Advertising Co., Ltd., or Qingdao Kaixiang, a
    Chinese limited liability company, 100% owned by Jingli Shanghai.</TD>
</TR>


<TR style="line-height: 3pt; font-size: 1pt"><TD>&nbsp;</TD></TR>

<TR>
    <TD align="right" valign="top">
    (13) </TD>
    <TD></TD>
    <TD valign="bottom">
    Wenzhou Rigao Advertising Co., Ltd., or Wenzhou Rigao, a Chinese
    limited liability company, 100% owned by Jingli Shanghai.</TD>
</TR>


<TR style="line-height: 3pt; font-size: 1pt"><TD>&nbsp;</TD></TR>

<TR>
    <TD align="right" valign="top">
    (14) </TD>
    <TD></TD>
    <TD valign="bottom">
    Wuxi Ruizhong Advertising Co., Ltd., or Wuxi Ruizhong, a Chinese
    limited liability company, 100% owned by Jingli Shanghai.</TD>
</TR>


<TR style="line-height: 3pt; font-size: 1pt"><TD>&nbsp;</TD></TR>

<TR>
    <TD align="right" valign="top">
    (15) </TD>
    <TD></TD>
    <TD valign="bottom">
    Great Talent Holdings Limited, or Great Talent, a company
    incorporated under the laws of Hong Kong, 100% owned by
    SearchMedia International Limited.</TD>
</TR>


<TR style="line-height: 3pt; font-size: 1pt"><TD>&nbsp;</TD></TR>

<TR>
    <TD align="right" valign="top">
    (16) </TD>
    <TD></TD>
    <TD valign="bottom">
    Ad-Icon Company Limited, or Ad-Icon, a company incorporated
    under the laws of Hong Kong, 100% owned by SearchMedia
    International Limited.</TD>
</TR>

</TABLE>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 2%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><I><FONT style="font-family: 'Times New Roman', Times">Contractual
    Arrangements with Jingli Shanghai and its
    Shareholders</FONT></I></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Jieli Consulting&#146;s relationships with Jingli Shanghai and
    its shareholders are governed by a series of contractual
    arrangements. Under PRC laws, each of Jingli Shanghai and Jieli
    Consulting is an independent legal person and neither of them is
    exposed to liabilities incurred by the other party. Other than
    pursuant to the contractual arrangements between Jingli Shanghai
    and Jieli Consulting, Jingli Shanghai is not required to
    transfer any other funds generated from its operations to Jieli
    Consulting. On September&#160;10, 2007, Jieli&#160;Consulting
    entered into contractual arrangements as follows:
</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 2%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <I><FONT style="font-family: 'Times New Roman', Times">Agreements
    That Provide Effective Control over SearchMedia&#146;s
    Affiliated Entities</FONT></I>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <I>Loan Agreement.</I>&#160;&#160;Pursuant to the loan agreement
    between Jieli Consulting and the shareholders of
    Jingli&#160;Shanghai, namely Ms.&#160;Qinying Liu and
    Ms.&#160;Le Yang, Jieli Consulting granted an interest-free loan
    to each shareholder. The principal amounts of the loans to
    Ms.&#160;Qinying Liu and Ms.&#160;Le Yang were $6.7&#160;million
    and $4.5&#160;million, respectively, in proportion with their
    respective original capital contributions to Jingli Shanghai.
    The term of the loan agreement is 10&#160;years and may be
    extended for another ten years automatically unless Jieli
    Consulting terminates the agreement in a written form three
    months before the expiration date of the agreement. The loan can
    be repaid only with the proceeds from the transfer of the
    shareholder&#146;s equity interest in Jingli Shanghai to Jieli
    Consulting or another person designated by Jieli
</DIV>

<P align="center" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <BR>
    167
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<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Consulting at the minimum price permitted by then applicable PRC
    law. Jieli Consulting may accelerate the loan repayment upon
    certain events, including if a shareholder dies, loses action
    capacity, no longer works for Jingli Shanghai or any affiliate
    of Jingli Shanghai, or commits a crime, or if Jieli Consulting
    so informs a shareholder as permitted by then applicable PRC law.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <I>Equity Pledge Agreement.</I>&#160;&#160;Pursuant to the
    equity pledge agreement among Jieli Consulting,
    Jingli&#160;Shanghai and the shareholders of Jingli Shanghai,
    namely Ms.&#160;Qinying Liu and Ms.&#160;Le Yang, each
    shareholder has pledged all of her equity interest in Jingli
    Shanghai to Jieli Consulting to guarantee the performance of the
    shareholders&#146; and Jingli Shanghai&#146;s obligations under
    the loan agreement, the exclusive call option agreement and the
    exclusive technical consulting and service agreement. If Jingli
    Shanghai or any of its shareholders breaches its respective
    contractual obligations under these agreements, Jieli
    Consulting, as pledgee, will be entitled to certain rights,
    including the right to sell the pledged equity interests. The
    shareholders agreed not to transfer, sell, pledge, dispose of or
    otherwise create any new encumbrance on their equity interest in
    Jingli Shanghai without the prior written consent of Jieli
    Consulting. The equity pledge agreement will expire after Jingli
    Shanghai and its shareholders fully perform their respective
    obligations under the loan agreement, the exclusive call option
    agreement and the exclusive technical consulting and service
    agreement.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <I>Exclusive Call Option Agreement.</I>&#160;&#160;Under the
    exclusive call option agreement among Jingli Shanghai, the
    shareholders of Jingli Shanghai and Jieli Consulting, Jingli
    Shanghai and its shareholders irrevocably granted Jieli
    Consulting or its designated person an exclusive option to
    purchase, when and to the extent permitted under then applicable
    PRC law, all or part of the equity interests in Jingli Shanghai.
    The exercise price for all of the equity interests of Jingli
    Shanghai is the minimum price permitted by then applicable PRC
    law or a higher price determined by Jieli Consulting. Unless
    this exclusive call option agreement is terminated on an earlier
    date as agreed upon by the parties to the agreement, the term of
    the agreement is ten years and may be extended for another ten
    years automatically unless Jieli Consulting terminates the
    agreement in writing three months before the expiration date of
    the agreement. Pursuant to this call option agreement,
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="4%"></TD>
    <TD width="2%"></TD>
    <TD width="94%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    The shareholders of Jingli Shanghai may not change the articles
    of association, bylaws, registered capital or shareholding
    structure of Jingli Shanghai, without the prior written consent
    of Jieli Consulting;
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    Jingli Shanghai may not acquire or merge with any third parties,
    or invest in any third parties, without the prior written
    consent of Jieli Consulting;
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    Jingli Shanghai may not generate, delegate, guarantee for, or
    allow existing any indebtedness without the prior consent or
    confirmation of Jieli Consulting, except in the ordinary courses
    of business;
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    Jingli Shanghai may not enter into any material contracts with
    the contractual price exceeding RMB1.0&#160;million without the
    prior written consent of Jieli Consulting, except in the
    ordinary courses of business;
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    Jingli Shanghai may not grant loans or guaranties to any third
    parties, without the prior written consent of Jieli Consulting;
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    Jingli Shanghai may not transfer, pledge, have caused any
    encumbrances, or otherwise dispose of any shares of Jingli
    Shanghai, without the prior written consent of Jieli Consulting;
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    Jingli Shanghai may not declare or pay any dividends without the
    prior written consent of Jieli Consulting; upon the request of
    Jieli Consulting, Jingli Shanghai shall declare and pay all
    distributable dividends to its shareholders;&#160;and
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    The shareholders of Jingli Shanghai may only appoint the persons
    nominated by Jieli Consulting as directors of Jingli Shanghai,
    upon request of Jieli Consulting.
</TD>
</TR>

</TABLE>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <I>Power of Attorney.</I>&#160;&#160;The shareholders of Jingli
    Shanghai have executed a power of attorney to Mr.&#160;Guojun
    Liang, which irrevocably authorizes Mr.&#160;Liang (who is the
    husband of Ms.&#160;Qinying Liu and a vice president of
    SearchMedia, and who otherwise has no relationship with any of
    the parties to this transaction) to
</DIV>

<P align="center" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <BR>
    168
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<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    vote as such shareholders&#146; attorney-in-fact on all of the
    matters of Jingli Shanghai requiring shareholder approval.
</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 2%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <I><FONT style="font-family: 'Times New Roman', Times">Agreements
    That Transfer Economic Benefits to Jieli Consulting</FONT></I>
</DIV>

<DIV style="margin-top: 3pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <I>Exclusive Technical Consulting and Service
    Agreement.</I>&#160;&#160;Pursuant to the exclusive technical
    consulting and service agreement between Jingli Shanghai and
    Jieli Consulting, Jieli Consulting has the exclusive and
    irrevocable right to provide to Jingli Shanghai technical
    consulting services related to the business operations of Jingli
    Shanghai. Jingli Shanghai agrees to pay annual technical service
    fees to Jieli Consulting based on the actual services provided
    by Jieli Consulting. If Jingli Shanghai does not generate net
    profits in a fiscal year, Jieli Shanghai agrees not to charge
    services for that year. The term of this agreement is
    10&#160;years commencing on September&#160;10, 2007 and may be
    extended automatically for another 10&#160;years unless Jieli
    Consulting terminates the agreement by a written notice three
    months before the expiration date.
</DIV>

<DIV style="margin-top: 9pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 2%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <I><FONT style="font-family: 'Times New Roman', Times">Advertising
    Network</FONT></I>
</DIV>

<DIV style="margin-top: 3pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    SearchMedia is one of the largest operators of integrated
    outdoor billboard and in-elevator advertising networks in China.
    It ranked first in market share of in-elevator advertising
    displays in 13 out of the 26 most affluent cities in China and
    ranked second in an additional nine of these cities, according
    to the Nielsen Report. SearchMedia has coverage of
    57&#160;cities, including first-tier cities such as Hong Kong,
    Shanghai, Beijing, Guangzhou and Shenzhen, and high growth
    cities such as Chongqing, Dalian, Hangzhou and Nanjing. As of
    July&#160;31, 2009, SearchMedia&#146;s advertising network
    included over 1,500 high-impact billboards, neon signs and light
    boxes with over 500,000&#160;square feet of surface display area
    in its outdoor billboard platform, over 175,000 poster frames
    located in commercial and residential buildings, and a network
    of light boxes in Shanghai subway stations.
</DIV>

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    <BR>
    169
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<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    SearchMedia is headquartered in Shanghai, with 29 offices in
    24&#160;cities across China (including Hong&#160;Kong, through
    its wholly owned subsidiary, Ad-Icon). The following map
    illustrates the geographic coverage of SearchMedia&#146;s
    advertising network in 57&#160;cities in China and Hong Kong as
    of July&#160;31, 2009:
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <IMG src="g18264a4g1826403.gif" alt="(ATLAS)">
</DIV>

<DIV style="margin-top: 3pt; font-size: 1pt">&nbsp;</DIV>



<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">

<TR>
    <TD width="2%"></TD>
    <TD width="1%"></TD>
    <TD width="97%"></TD>
</TR>

<TR>
    <TD valign="top">
    <I>*&#160;</I></TD>
    <TD></TD>
    <TD valign="bottom">
    <I>The dots on the map indicate the 57&#160;cities covered by
    SearchMedia&#146;s network of media products.</I></TD>
</TR>

</TABLE>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 2%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <I><FONT style="font-family: 'Times New Roman', Times">Media
    Products</FONT></I>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    SearchMedia&#146;s core outdoor billboard and in-elevator
    portfolios are complemented by its subway advertising platform,
    which together create an attractive multi-platform,
    &#147;one-stop shop&#148; service for its local, national and
    international advertising clients that numbered more than 780
    cumulatively from its inception to July&#160;31, 2009.
</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><I><FONT style="font-family: 'Times New Roman', Times">Outdoor
    Billboard Platform</FONT></I></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    SearchMedia operates a network of high-impact billboards
    primarily through the companies it acquired, including Qingdao
    Kaixiang, Beijing Wanshuizhiyuan, Shenyang Jingli, Shanghai
    Botang and Ad-Icon. As of July&#160;31, 2009, SearchMedia had
    over 1,500 high-impact billboards with over 500,000&#160;square
    feet of surface display area in 15&#160;cities, including
    Beijing, Hong Kong, Qingdao, Shanghai, Shenyang, Shenzhen,
    Guangzhou, Chongqing and Chengdu. Its billboards are mostly
    large format billboards deployed in commercial centers and other
    desirable areas with heavy vehicle
    <FONT style="white-space: nowrap">and/or</FONT> foot
    traffic.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    SearchMedia&#146;s target audiences for these advertisements are
    mid- to high-income shoppers, pedestrians and car-driving
    consumers. SearchMedia believes its billboard advertisements
    effectively increase its advertising clients&#146; brand
    awareness. SearchMedia intends to continue to bid for
    high-profile projects that will bring positive media exposure,
    leading to greater market acceptance and brand recognition for
    SearchMedia. SearchMedia has demonstrated its ability to acquire
    high-profile billboard contracts with its success in securing
    the billboard advertising rights in one of the most famous
    tourist destinations in Shanghai, the
</DIV>

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    <BR>
    170
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<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Shanghai Bund, in September 2007. Management plans to continue
    to build its nationwide portfolio of traditional outdoor
    billboard properties through organic expansion and strategic
    acquisitions.
</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><I><FONT style="font-family: 'Times New Roman', Times">In-Elevator
    Platform</FONT></I></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    SearchMedia installs poster frames primarily on the inside of
    elevators of modern high-rise buildings in 57&#160;cities across
    28 provinces in China and Hong Kong, including Shanghai,
    Beijing, Guangzhou and Shenzhen. SearchMedia typically installs
    two to three poster frames in each elevator. The in-elevator
    platform targets the affluent urban population that is highly
    desired by advertisers and is characterized by its low cost
    structure and minimal capital requirements, which quickly
    generate attractive returns. As of July&#160;31, 2009,
    SearchMedia&#146;s elevator advertising network consisted of
    over 175,000 poster frames covering approximately 56,000
    elevators. According to the Nielsen Report, SearchMedia ranked
    first in market share of in-elevator advertising displays in 13
    out of the 26&#160;most affluent cities in China and ranked
    second in an additional nine of these cities. The in-building
    advertising platform allows SearchMedia to target captive
    audiences comprised of middle- and high-end businesses and
    consumer groups.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Poster frames may take the following forms:
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="4%"></TD>
    <TD width="2%"></TD>
    <TD width="94%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    <I>Printed Poster Frames.</I>&#160;&#160;SearchMedia specializes
    in high impact printed poster frames which are made of several
    materials in various sizes suitable for a wide range of display
    messages. SearchMedia&#146;s printed poster frames mainly
    include paper, elevator door and illuminated poster frames;
</TD>
</TR>

</TABLE>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="6%"></TD>
    <TD width="2%"></TD>
    <TD width="92%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    <I>Paper poster frames </I>are conventional poster frames made
    of paper with a visual size of 540mm by 390mm; and
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    <I>Illuminated poster frames </I>are posters encased in thin
    metal boxes and illuminated by LED optical fiber. The visual
    size of such posters is typically 540mm by 390mm.
</TD>
</TR>

</TABLE>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="4%"></TD>
    <TD width="2%"></TD>
    <TD width="94%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    <I>Digital poster frames.</I>&#160;&#160;These poster frames are
    LCD screens with memory card slots that allow the screens to
    change images at regular intervals. SearchMedia&#146;s digital
    poster frames change images in loops, with typically six images
    within each 60-second loop. The visual size of the screens is
    typically 405mm by 305mm.
</TD>
</TR>

</TABLE>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 6%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    SearchMedia sells advertising space on its poster frame network
    on a per display basis. For each frame that is upgraded from
    printed poster frame to digital frame, up to six multiple
    digital images can now be displayed inside each physical frame
    and SearchMedia increases its available advertising inventory
    and opportunities for revenue.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    SearchMedia installs different types of poster frames in
    different elevators based on client demands, targeted
    demographics and restrictions placed by site managers or owners.
    For instance, SearchMedia typically targets advertisers in the
    consumer product industry for printed poster frames in
    residential buildings, as these frames are more suitable for
    clients who want a continuous display of their advertisement
    content. Digital frames, on the other hand, offer high
    definition images and create attractive story boards. These
    frames tend to be deployed in high-end commercial buildings with
    typical advertisers including resort hotels and luxury brands.
</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><I><FONT style="font-family: 'Times New Roman', Times">Subway
    Advertising Platform</FONT></I></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Upon SearchMedia&#146;s acquisition of Shanghai Haiya in
    February 2008, SearchMedia took over a network of light boxes
    with a size ranging from 1.5m by 1.75m to 1.5m by 3.5m in the
    Shanghai subway system.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    According to a March 2009 article in <I>Barron&#146;s</I>,
    approximately 250 Chinese cities are planning to build new
    subway lines by 2015, including those under construction in
    Chengdu, Hangzhou, Shenyang and Xi&#146;an, and others in
    planning in Harbin and Qingdao. SearchMedia believes these will
    present expansion opportunities for its subway advertising
    platform.
</DIV>

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    <BR>
    171
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<DIV align="left" style="margin-left: 2%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><I><FONT style="font-family: 'Times New Roman', Times">Advertising
    Clients</FONT></I></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    With coverage in 57&#160;cities and a broad range of media
    offerings, SearchMedia has attracted a large and diverse base of
    local, national and international advertisers. As of
    July&#160;31, 2009, more than 780&#160;advertisers had purchased
    advertising space on its network since its inception.
    SearchMedia has a highly diversified advertising base of
    national and international clients, in addition to a broad
    client list of local advertisers. These advertising clients are
    from diverse industries ranging from telecommunications,
    insurance and banking, to automobiles, real estate, electronics
    and fast-moving consumer goods. In 2008, approximately 40% of
    SearchMedia&#146;s contracts were entered into with advertising
    agencies representing these brands.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    SearchMedia enters into most of its advertising contracts with
    direct advertisers. SearchMedia also enters into a portion of
    advertising contracts with advertising agencies.
    SearchMedia&#146;s top five advertising clients in aggregate
    accounted for approximately 18.0% of its advertising service
    revenues for the year ended March&#160;31, 2009.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    In a typical advertising contract, SearchMedia usually specifies
    the duration, site location, types and number of advertising
    placements, price and payment terms with its advertising
    clients. Before placing an advertisement, SearchMedia typically
    reviews the advertisement content to be displayed, the relevant
    approvals for displaying the content, the registered trademark
    of the client and other materials required of SearchMedia by
    then applicable laws.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    SearchMedia&#146;s minimum advertising period is 14&#160;days.
    The contract terms generally range from one to six months for
    elevator advertisements, six months to 24&#160;months for
    billboards and one to three months for subway advertisements. In
    general, SearchMedia bases its listed price on a number of
    factors, including locations, quantity of displays, scale, types
    of audience, nature of communities and duration of clients&#146;
    advertising campaigns. SearchMedia increases its listed prices
    from time to time to reflect changes in market prices. Based on
    SearchMedia&#146;s industry knowledge, its services are
    competitive with market prices.
</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 2%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><I><FONT style="font-family: 'Times New Roman', Times">Relationships
    with Site Managers and Owners</FONT></I></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    SearchMedia leases spaces in prime office or middle- and high-
    end residential buildings, subway stations and other high
    traffic commercial areas to install poster frames, billboards,
    neon signs and light boxes. Establishing and maintaining
    long-term relationships with site managers and owners are
    critical aspects of SearchMedia&#146;s business. In each city
    where it operates, SearchMedia has a team of site relationship
    personnel that are exclusively responsible for identifying
    desirable locations, negotiating display placement agreements
    and maintaining relationships with site owners and managers.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    SearchMedia leases billboard locations from managers of
    commercial centers and other desirable areas of heavy vehicle
    <FONT style="white-space: nowrap">and/or</FONT> foot
    traffic, such as outside walls of commercial buildings, bus
    stops and main roads. The term of a location leasing contract is
    generally one to five years. SearchMedia is responsible for
    periodic monitoring, maintenance and repair of frames. Under
    most of the leasing contracts, SearchMedia is granted a right of
    first refusal with respect to renewals. The rental terms and
    fees under SearchMedia&#146;s location leasing contracts vary
    considerably depending on the city, location, and number of
    billboards that may be installed.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    SearchMedia leases elevators in high traffic high-rise buildings
    from property developers, property management companies or
    homeowner associations. SearchMedia targets both high-rise
    residential buildings and office buildings. As of July&#160;31,
    2009, approximately 80% of the buildings SearchMedia carried
    were residential buildings and 20% were office buildings. The
    term of an elevator leasing contract is generally one to three
    years. Upon entering into a leasing contract, SearchMedia can
    install the pre-agreed poster frames in the elevator area
    usually in three days. SearchMedia is responsible for periodic
    maintenance and repair of elevator poster frames. Under a
    typical lease agreement, a lessor is not allowed to move,
    remove, damage or hide from view SearchMedia&#146;s poster
    frames, and is required to inform SearchMedia in the event of
    any damage to its poster frames. The rental terms and fees under
    SearchMedia&#146;s elevator leasing contracts vary considerably
    depending on the city, location and size of the building and
    number of flat-panel poster frames that may be installed.
</DIV>

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    <BR>
    172
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<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    SearchMedia has entered into lease contracts for advertising at
    the stations of eight major subway lines in Shanghai through its
    acquisition of Shanghai Haiya. Under these lease contracts,
    SearchMedia is responsible for obtaining approvals from relevant
    authorities for all the advertisements it places, and for
    liabilities arising from the advertisements it places. Since
    SearchMedia does not display any advertising unless the relevant
    approvals for the advertisement are obtained, it believes the
    risk of it incurring these liabilities is low.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    SearchMedia believes it has established good working
    relationships with site managers and owners as a result of its
    track record of contract execution and quality services. For
    2008, 85% of its leases were renewed.
</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 2%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><I><FONT style="font-family: 'Times New Roman', Times">Sales
    and Marketing</FONT></I></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 2%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <I><FONT style="font-family: 'Times New Roman', Times">Sales
    Efforts</FONT></I>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    As of July&#160;31, 2009, SearchMedia&#146;s sales efforts were
    spearheaded by a team of approximately 150 advertising sales
    personnel in 24&#160;cities. SearchMedia&#146;s sales personnel
    generally have prior sales experience in China&#146;s
    advertising industry and, once hired, receive training to gain a
    deeper understanding of the elevator advertising market,
    SearchMedia&#146;s advertising network, its competitive
    strengths and the value propositions SearchMedia offers its
    advertising clients. Training programs are prepared in-house and
    accompanied by SearchMedia&#146;s proprietary sales manuals.
    SearchMedia also provides its sales personnel with current data
    that measures the effectiveness of its advertising network and
    case studies of successful campaigns conducted on its network.
    SearchMedia&#146;s sales personnel typically earn commissions on
    sales, in addition to base salaries.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    SearchMedia supplements its sales efforts by providing
    value-added advisory services to some of its clients, especially
    small-size local clients. Each sale starts with a thorough
    understanding of a client&#146;s advertising needs that leads to
    tailored solutions that optimize advertising spending on
    SearchMedia&#146;s network. In these services, SearchMedia
    assesses clients&#146; media needs and budgets, assists in
    allocating media resources across the various media platforms
    and assists with the creative process in the design and
    placement of the poster frames.
</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 2%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <I><FONT style="font-family: 'Times New Roman', Times">Marketing
    Efforts</FONT></I>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    SearchMedia actively promotes its brand name and its advertising
    solutions, in addition to conscientiously maintaining its
    corporate image, through a variety of channels. SearchMedia
    actively upholds its image and markets its advertising services
    with a consistent presence in various trade and financial
    journals as well as proud displays of SearchMedia&#146;s name
    and logo on all of its elevator and billboard frames.
    Additionally, SearchMedia diligently tends to its long-standing
    relationships with site managers and owners, senior management
    with 4A agencies and major clients, establishing a record for
    quality services, sound value propositions and credibility so
    that it can continue to capitalize on its valued word-of-mouth
    advertising network. SearchMedia&#146;s success at winning the
    Bund bid and its subsequent marketing events surrounding the
    coveted space have also enhanced its brand name and market
    presence.
</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 2%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><I><FONT style="font-family: 'Times New Roman', Times">Client
    Services, Network Management and Maintenance</FONT></I></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    SearchMedia supports its advertising clients with its sales,
    maintenance and site relationship personnel located in 29
    offices in 24 cities in China. SearchMedia has one designated
    sales person that serves as a single point of contact for each
    client so as to establish a clear line of communication and
    assignment of responsibility, while building deeper client
    relationship so that its clients may enjoy the hassle-free
    service of having a single point of contact throughout the sales
    and client service process. Under arrangements with its
    advertising clients, SearchMedia&#146;s sales teams monitor and
    verify the placement of its clients&#146; advertisements on its
    network during the time periods and at the locations specified
    by its clients. All sales personnel have real-time access to and
    feedback from SearchMedia&#146;s automated scheduling system
    that manages advertising orders and its growing number of media
    location inventories with the help of its IT team. If desired by
    its clients, SearchMedia can engage at the clients&#146; expense
    third party companies to conduct consumer surveys regarding
    effects of advertising on its network. Based on
    SearchMedia&#146;s past experiences, these surveys generally
    report positive increases in sales right after the
    advertisements.
</DIV>

<P align="center" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <BR>
    173
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<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    SearchMedia generally relies on its own employees to monitor,
    maintain and repair its displays. As part of SearchMedia&#146;s
    advertising services, its maintenance team routinely inspects
    its display installations, typically twice a week and more often
    for new display installations. Any issues with site managers or
    owners are addressed quickly by SearchMedia&#146;s dedicated
    site relationship personnel. So far, SearchMedia has not
    experienced any material negative incidents at its network sites.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    SearchMedia believes its focus on clients&#146; needs will
    strengthen its relationship with its clients and contribute to
    the development of a conscientious corporate culture essential
    to a fast-growing organization.
</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 2%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><I><FONT style="font-family: 'Times New Roman', Times">Information
    Systems</FONT></I></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    SearchMedia jointly developed its Resource Management System
    with a third party developer. SearchMedia uses the system to
    track the availability, scheduling and utilization of its media
    inventory. SearchMedia&#146;s sales personnel can help clients
    plan their media purchase by searching for available advertising
    spaces with suitable attributes on its system. They can also use
    the system to generate new client leads or new placements from
    existing clients, and to provide after-sale services. As
    SearchMedia further integrates the inventories from different
    platforms onto the same system, its sales personnel will
    increasingly be able to track its media resources across
    platforms and generate new sales through cross-selling media
    products across different platforms. SearchMedia&#146;s
    management team may also use this system for sales team
    management, client relationship management and vendor
    relationship management. SearchMedia believes it has greatly
    improved its service delivery capability and management
    effectiveness.
</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 2%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><I><FONT style="font-family: 'Times New Roman', Times">Equipment
    Supplies</FONT></I></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    The primary hardware required for the operation of
    SearchMedia&#146;s network consists of plastic and digital
    displays that it uses for poster frames in SearchMedia&#146;s
    in-elevator media network. The hardware required for
    SearchMedia&#146;s network operation includes plastic frames it
    uses for paper poster, illuminated panels that it uses for
    illuminated poster frames, as well as digital display panels it
    uses in its media network. SearchMedia&#146;s digital displays
    consist of high-definition flat-panel screens, typically
    including LCD screens of 405mm by 305mm in size, and other
    components. SearchMedia also develops and installs software in
    its flat-panel displays to assist with the configuration,
    editing and operation of its advertising content cycles. In
    2008, SearchMedia paid approximately RMB7.8&#160;million to
    SearchMedia&#146;s biggest supplier, Shanghai Xinyi Digital
    Technology Co., Ltd. for digital displays and the software
    SearchMedia used in these displays, and RMB7.0&#160;million to
    ZhangXingBaiSheng Co. Ltd. for the plastic poster frames.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    SearchMedia believes it does not depend on any one vendor since
    it can easily find replacement vendors at minimal switching
    cost. Maintaining a steady supply of equipment is important to
    its operations and the growth of its network. It is
    SearchMedia&#146;s policy to evaluate the quality and delivery
    record of each vendor on a periodic basis and adjust the
    quantity purchased from the vendor accordingly. So far,
    SearchMedia has not experienced any significant delay or
    interruption in the supply of its network components.
</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 2%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><I><FONT style="font-family: 'Times New Roman', Times">Competition</FONT></I></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    As a multi-platform media company with presence in
    57&#160;cities in China and Hong Kong, SearchMedia competes with
    different players across its platforms and cities of operation.
    SearchMedia competes for advertising clients generally on the
    basis of network coverage, service quality, technology, media
    offerings, services and brand name. SearchMedia has built its
    competitive position primarily on its nationwide coverage,
    leading market share, and its ability to offer broad geographic
    coverage, diverse media platforms and quality services.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="4%"></TD>
    <TD width="2%"></TD>
    <TD width="94%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    <I>Outdoor billboard platform.</I>&#160;&#160;As the outdoor
    billboard market in China is largely fragmented with no clear
    nationwide leader, SearchMedia competes primarily with other
    local or regional outdoor billboard owners and operators.
    SearchMedia also competes with operators of other forms of
    outdoor media, including digital outdoor displays and street
    furniture advertising. SearchMedia does not compete with
    resellers of outdoor billboard advertising slots, such as Time
    Share Media, as these resellers also purchase advertising
    services from its network from time to time.
</TD>
</TR>

</TABLE>

<P align="center" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <BR>
    174
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<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="4%"></TD>
    <TD width="2%"></TD>
    <TD width="94%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    <I>In-elevator platform.</I>&#160;&#160;SearchMedia competes
    primarily with other nationwide operators of in-elevator poster
    frame advertising, such as Framedia. SearchMedia may face
    competition in individual cities from local and regional players
    and new entrants into the local and regional market from time to
    time. SearchMedia believes these local and regional operators do
    not have the scale and resources to pose challenge to its market
    position. SearchMedia believes they could be acquisition targets
    in SearchMedia&#146;s expansion. SearchMedia believes that
    advertisers do not view SearchMedia as direct competitors of
    operators of other in-elevator media, such as video LCD displays.
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    <I>Subway advertising platform.</I>&#160;&#160;SearchMedia
    competes with other operators of subway advertising, such as
    JCDecaux. SearchMedia believes that advertisers do not view
    SearchMedia as direct competitors of operators of other subway
    media, such as in-train LCD screens.
</TD>
</TR>

</TABLE>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    SearchMedia also competes for the advertising budget of
    advertisers with other operators of out-of-home advertising,
    such as Focus Media, and operators of other advertising media
    including television, radio, newspapers, magazines and the
    Internet.
</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 2%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><I><FONT style="font-family: 'Times New Roman', Times">Employees</FONT></I></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    As of July&#160;31, 2009, SearchMedia had 469&#160;employees,
    including 83 development personnel, 147 sales and marketing
    personnel, 112 maintenance personnel, 41 finance and 86
    administrative personnel. None of SearchMedia&#146;s employees
    are covered by any collective bargaining agreement. SearchMedia
    manages its own staff recruitment. SearchMedia considers its
    relations with its employees to be generally good.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    SearchMedia is required by applicable PRC regulations to
    contribute for its employees certain amounts, based on its
    employees&#146; aggregate salaries, to a defined contribution
    pension plan, a medical insurance plan, a housing fund, an
    unemployment insurance plan, a personal injury insurance plan
    and a maternity insurance plan. SearchMedia has made the
    required payments in compliance with the applicable laws and
    regulations since its inception.
</DIV>
<A name='248'>
<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">Intellectual
    Property</FONT></B>
</DIV>
</A>
<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    The &#147;SearchMedia&#148; brand and SearchMedia&#146;s other
    intellectual property rights contribute to its competitive
    advantage in the elevator advertising market in China. To
    protect its brands and its other intellectual property,
    SearchMedia relies on a combination of trademark, trade secret
    and copyright laws in China as well as imposing procedural and
    contractual confidentiality and invention assignment obligations
    on its employees, consultants and others.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    SearchMedia has applied for registered trademarks through Jingli
    Shanghai, including the <IMG src="g18264a4g1826410.gif" alt="">
    or&#160;<IMG src="g18264a4g1826411.gif" alt=""> .  SearchMedia has
    registered its domain name: www.imedia-cn.com. The Internet
    addresses provided in this proxy statement/prospectus are not
    intended to function as hyperlinks and information obtained at
    these addresses is not and should not be considered part of this
    proxy statement/prospectus and is not incorporated by reference
    in this proxy statement/prospectus.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    While SearchMedia cannot assure you that its efforts will deter
    others from misappropriating its intellectual properties, it
    will continue to create and protect its intellectual property
    rights in order to maintain its competitive position.
</DIV>
<A name='249'>
<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">Regulatory
    Matters</FONT></B>
</DIV>
</A>
<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    SearchMedia operates its business in China under a legal regime
    consisting of the State Council, which is the highest authority
    of the executive branch of the National People&#146;s Congress,
    and several ministries and agencies under its authority
    including the State Administration for Industry and Commerce, or
    SAIC, which regulates the advertising industry.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    PRC Advertising Law was promulgated in 1994. In addition, the
    State Council, SAIC and other ministries and agencies have
    issued regulations that regulate SearchMedia&#146;s business as
    discussed below.
</DIV>

<P align="center" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <BR>
    175
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<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->

<DIV align="left" style="margin-left: 2%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><I><FONT style="font-family: 'Times New Roman', Times">Restrictions
    on Foreign Ownership in the Advertising Industry</FONT></I></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    The principal regulations governing foreign ownership in the
    advertising industry in China include:
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="4%"></TD>
    <TD width="2%"></TD>
    <TD width="94%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    The Catalogue for Guiding Foreign Investment in Industry (2007);
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    The Administrative Regulations on Foreign-invested Advertising
    Enterprises (2004), as amended in 2008;&#160;and
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    The Notice Regarding Investment in the Advertising Industry by
    Foreign Investors Through Equity Acquisitions (2006).
</TD>
</TR>

</TABLE>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    These regulations require foreign entities that directly invest
    in the advertising industry in China to have at least two years
    of direct operations in the advertising industry outside of
    China. Since December&#160;10, 2005, foreign investors that have
    operated in the advertising industry outside of China as their
    main business for at least three years have been permitted to
    directly own a 100% interest in advertising companies in China.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    PRC laws and regulations prohibit the transfer of any approvals,
    licenses or permits, including business licenses containing a
    scope of business that permits engaging in the advertising
    industry. Therefore, in the event SearchMedia is permitted to
    acquire the equity interest of its consolidated PRC variable
    interest entities under the rules allowing for complete foreign
    ownership, SearchMedia&#146;s consolidated PRC variable interest
    entities would continue to hold the required advertising
    licenses consistent with current regulatory requirements.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Since SearchMedia has not been involved in advertising outside
    of China for the required number of years, its PRC operating
    subsidiaries are currently ineligible to apply for the required
    advertising services licenses in China. SearchMedia&#146;s
    advertising business in China is currently provided through its
    contractual arrangements with its consolidated PRC variable
    interest entities, namely, Shanghai Jingli, and its
    subsidiaries. SearchMedia&#146;s consolidated PRC variable
    interest entities hold the requisite licenses to provide
    advertising services in China. SearchMedia&#146;s subsidiary,
    Jieli Consulting, has entered into a series of contractual
    arrangements with Shanghai Jingli and its subsidiaries and
    shareholders under which:
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="4%"></TD>
    <TD width="2%"></TD>
    <TD width="94%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    SearchMedia is able to exert effective control over its
    consolidated PRC variable interest entities;
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    a substantial portion of the economic benefits of its
    consolidated PRC variable interest entities are transferred to
    SearchMedia;&#160;and
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    SearchMedia has an exclusive option to purchase all or part of
    the equity interests in its consolidated PRC variable interest
    entities in each case when, and to the extent, permitted by PRC
    law.
</TD>
</TR>

</TABLE>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    See &#147;Information about SearchMedia&#160;&#151; Corporate
    Ownership Structure&#160;&#151; Contractual Arrangements with
    Jingli Shanghai and its Shareholders&#148; and &#147;Certain
    Relationships and Related Party Transactions&#160;&#151;
    SearchMedia Related Party Transactions.&#148;
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    In the opinion of Commerce&#160;&#038; Finance Law Offices,
    SearchMedia&#146;s PRC legal counsel:
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="4%"></TD>
    <TD width="2%"></TD>
    <TD width="94%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    the respective ownership structures of Jieli Consulting and
    Jingli Shanghai are in compliance with existing PRC laws and
    regulations;&#160;and
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    each contract under Jieli Consulting&#146;s contractual
    arrangements with Jingli Shanghai and its shareholders, in each
    case governed by PRC law, is valid, binding and enforceable, and
    will not result in any violation of PRC laws or regulations
    currently in effect.
</TD>
</TR>

</TABLE>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    SearchMedia has been advised by its PRC legal counsel, however,
    that there are uncertainties regarding the interpretation and
    application of current and future PRC laws and regulations.
    Accordingly, there can be no assurance that the PRC regulatory
    authorities will not in the future take a view that is contrary
    to the opinion of SearchMedia&#146;s PRC legal counsel.
    SearchMedia has been further advised by its PRC legal counsel
    that if the PRC government determines that the agreements
    establishing the structure for operating its PRC advertising
    business do not comply with PRC government restrictions on
    foreign investment in the advertising industry, SearchMedia
    could be subject to severe penalties. See &#147;Risk
    Factors&#160;&#151; Risks Related to Doing
</DIV>

<P align="center" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <BR>
    176
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<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Business in the People&#146;s Republic of China&#160;&#151; If
    the PRC government determines that the contractual arrangements
    that establish the structure for operating SearchMedia&#146;s
    China business do not comply with applicable PRC laws and
    regulations, SearchMedia could be subject to severe
    penalties.&#148;
</DIV>
<A name='250'>
<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 2%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><I><FONT style="font-family: 'Times New Roman', Times">Regulation
    of Advertising Services</FONT></I></B>
</DIV>
</A>
<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    The principal regulations governing advertising businesses in
    China include:
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="4%"></TD>
    <TD width="2%"></TD>
    <TD width="94%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    PRC Advertising Law (1994);
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    The Advertising Administrative Regulations (1987);&#160;and
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    The Implementing Rules for the Advertising Administrative
    Regulations (2004).
</TD>
</TR>

</TABLE>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 2%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <I><FONT style="font-family: 'Times New Roman', Times">Business
    License for Advertising Companies</FONT></I>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    PRC advertising laws and regulations stipulate that companies
    engaging in advertising activities must obtain from the SAIC or
    its local branch a business license that specifically includes
    operation of an advertising business in its scope of business.
    Furthermore, if a company sets up a new site outside of the
    location where it is registered to conduct advertising business,
    the company shall register with the local SAIC where the site is
    located to obtain a branch business license for the site.
    Companies and branches conducting advertising activities without
    such licenses may be subject to penalties, including fines,
    confiscation of advertising income, orders to cease advertising
    operations, and revocation of their business license or other
    licenses. The business license of an advertising company is
    valid for the duration of its existence, unless the license is
    suspended or revoked due to a violation of any relevant law or
    regulation. Shanghai Jingli and its subsidiaries and branches
    have obtained such business licenses from the local branch of
    the SAIC as required by the existing PRC regulations.
    SearchMedia currently does not expect to have difficulties in
    maintaining its business licenses.
</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 2%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <I><FONT style="font-family: 'Times New Roman', Times">Advertising
    Content</FONT></I>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    PRC advertising laws and regulations set forth certain content
    requirements for advertisements in China, which include
    prohibitions on misleading content, superlative wording,
    socially destabilizing content or content involving obscenities,
    superstition, violence, discrimination or infringement of the
    public interest, among others. Advertisements for anesthetic,
    psychotropic, toxic or radioactive drugs are also prohibited.
    The dissemination of tobacco advertisements via media is
    prohibited, as is the display of tobacco advertisements in any
    waiting lounge, theater, cinema, conference hall, stadium or
    other public area. There are also specific restrictions and
    requirements regarding advertisements that relate to matters
    such as patented products or processes, pharmaceuticals, medical
    instruments, agrochemicals, foodstuff, alcohol and cosmetics. In
    addition, all advertisements relating to pharmaceuticals,
    medical instruments, agrochemicals and veterinary
    pharmaceuticals advertised through out-of-home, radio, film,
    television, print and other forms of media, together with any
    other advertisements which are subject to censorship by
    administrative authorities according to relevant laws and
    administrative regulations, must be submitted to the relevant
    administrative authorities for content approval prior to
    dissemination. SearchMedia does not believe that advertisements
    containing content subject to such restriction or censorship
    comprise a material portion of the advertisements displayed on
    its media format.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    PRC advertising laws and regulations require advertisers,
    advertising operators and advertising distributors to ensure
    that the content of the advertisements they prepare or
    distribute are true and in full compliance with applicable law.
    In providing advertising services, advertising operators and
    advertising distributors must review the prescribed supporting
    documents provided by advertisers for advertisements and verify
    that the content of the advertisements comply with applicable
    PRC laws and regulations. In addition, prior to distributing
    advertisements for certain products that are subject to
    government censorship and approval, advertising distributors are
    obligated to ensure that such censorship has been performed and
    approval has been obtained. Violation of these regulations may
    result in penalties, including fines, confiscation of
    advertising income, orders to cease dissemination of the
    advertisements and orders to publish an advertisement
</DIV>

<P align="center" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <BR>
    177
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<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    correcting the misleading information. In circumstances
    involving serious violations, the SAIC or its local branch may
    revoke the violator&#146;s licenses or permits for advertising
    business operations. Furthermore, advertisers, advertising
    operators or advertising distributors may be subject to civil
    liability if they infringe on the legal rights and interests of
    third parties in the course of their advertising business.
</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 2%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <I><FONT style="font-family: 'Times New Roman', Times">Print
    Advertising</FONT></I>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    SearchMedia operates a network of advertising poster frames
    placed primarily in elevators of high-rise residential and
    office buildings. The advertisements shown on its poster frame
    network are defined as &#147;normal print advertisements&#148;
    under the Print Advertisements Administrative Regulations
    promulgated by the SAIC on January&#160;13, 2000, amended on
    November&#160;30, 2004, or the Print Advertisements Regulations.
    Under these regulations, placement of print advertisement must
    not impede public policies, social production or people&#146;s
    lives, nor be placed in areas prohibited by law or regulation.
    Violation of these regulations may result in penalties,
    including fines and orders to cease the placement. In addition,
    these regulations stipulate that print advertisements on poster
    frames shall have a mark on them indicating that they are an
    advertisement and shall identify the name and address of the
    producers, distributors of products (services), printers
    <FONT style="white-space: nowrap">and/or</FONT>
    advertisement operators.
</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 2%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <I><FONT style="font-family: 'Times New Roman', Times">Outdoor
    Advertising</FONT></I>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    The Advertising Law stipulates that the exhibition and display
    of outdoor advertisements must not:
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="4%"></TD>
    <TD width="2%"></TD>
    <TD width="94%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    utilize traffic safety facilities or traffic signs;
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    impede the use of public facilities, traffic safety facilities
    or traffic signs;
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    obstruct commercial or public activities or create an eyesore in
    urban areas;
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    be placed in restrictive areas near government offices, cultural
    landmarks or historical or scenic sites;&#160;or
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    be placed in areas prohibited by the local governments from
    having outdoor advertisements.
</TD>
</TR>

</TABLE>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    In addition to PRC Advertising Law, the SAIC promulgated the
    Outdoor Advertising Registration Administrative Regulations on
    December&#160;8, 1995, as amended on December&#160;3, 1998 and
    May&#160;22, 2006, respectively, which govern the outdoor
    advertising industry in China.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Outdoor advertisements in China must be registered with the
    local SAIC before dissemination. The advertising distributors
    are required to submit a registration application form and other
    supporting documents for registration. If the application
    complies with the requirements, the local SAIC will issue an
    Outdoor Advertising Registration Certificate for such
    advertisement. The content, format, specifications, periods and
    locations of dissemination of the outdoor advertisement must be
    submitted for filing with the local SAIC and shall not be
    changed without approval. After the outdoor advertisement is
    registered, if it is not displayed within three months, an
    application shall be filed with the original registration
    authorities for cancellation. Outdoor advertising facilities
    must be safely installed and should be maintained on a regular
    basis to ensure safety and neatness. Advertising content must be
    true and lawful and not contain any misleading statements.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Local authorities have also issued detailed regulations on
    operation of outdoor advertising that may prohibit outdoor
    advertisements in certain areas or through certain facilities or
    may require that concession rights be obtained through a bidding
    process for public spaces. In cities where SearchMedia bases its
    operations, including Shanghai, Qingdao and Shenyang, the
    placement and installation of outdoor advertising facilities are
    subject to municipal zoning requirements and governmental
    approvals. Each outdoor advertising facility requires a license
    for placement and installation with specific terms of use for a
    certain number of years.
</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 2%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><I><FONT style="font-family: 'Times New Roman', Times">Regulations
    on the Broadcast of &#147;Programming
    Content&#148;</FONT></I></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    In December 2007, the State Administration of Radio, Film, and
    Television, or SARFT, issued a notice to provincial
    level&#160;SARFT branches regarding the strengthening of the
    administration of public media platforms.
</DIV>

<P align="center" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <BR>
    178
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<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    According to this notice, broadcasting of certain programming
    content on public platforms via radio and television, the
    Internet or other information networks, is subject to prior
    approval by SARFT. The SARFT notice also explicitly requires
    that broadcasting on advertising platforms through compact flash
    cards or DVDs may only consist of advertisements and may not
    contain any programming content. Entities that begun
    broadcasting programming content on advertising platforms prior
    to the issuance of this notice must cease such broadcasts.
</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><I><FONT style="font-family: 'Times New Roman', Times">Regulations
    on Dividend Distribution</FONT></I></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    The principal regulations governing dividend distributions of
    wholly foreign-owned companies include:
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="4%"></TD>
    <TD width="2%"></TD>
    <TD width="94%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    The Company Law of the PRC (1993), as amended in 2005;
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    Wholly Foreign-Owned Enterprise Law (1986), as amended in
    2000;&#160;and
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    Wholly Foreign-Owned Enterprise Law Implementing Rules (1990),
    as amended in 2001.
</TD>
</TR>

</TABLE>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Under these regulations, wholly foreign-owned companies in the
    PRC may pay dividends only out of their accumulated profits as
    determined in accordance with PRC accounting standards. In
    addition, a wholly foreign-owned company is required to set
    aside at least 10% of its after-tax profit based on PRC
    accounting standards each year to its reserve fund until the
    accumulated amount of such fund reaches 50% of its registered
    capital. At the discretion of a wholly foreign-owned company, it
    may allocate a portion of its after-tax profits, based on PRC
    accounting standards, to its staff welfare and bonus fund. The
    reserve fund and staff welfare and bonus fund are not
    distributable as cash dividends. Under the relevant PRC law, no
    net assets other than the accumulated after-tax profits can be
    distributed as dividends.
</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 2%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><I><FONT style="font-family: 'Times New Roman', Times">Trademarks</FONT></I></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    The PRC Trademark Law and the PRC Trademark Implementing
    Regulations provide the basic legal framework for the regulation
    of trademarks in China, and the SAIC is responsible for the
    registration and administration of trademarks throughout the
    country. The PRC has adopted a &#147;first-to-file&#148;
    principle with respect to trademarks.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    PRC law provides that each of the following acts constitutes
    infringement of the exclusive right to use a registered
    trademark:
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="4%"></TD>
    <TD width="2%"></TD>
    <TD width="94%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    use of a trademark that is identical with or similar to a
    registered trademark in respect of the same or similar
    commodities without the authorization of the trademark
    registrant;
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    sale of commodities infringing upon the exclusive right to use
    the trademark;
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    counterfeiting or making, without authorization, representations
    of a registered trademark of another person, or sale of such
    representations of a registered trademark;
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    changing a registered trademark and selling products on which
    the altered registered trademark is used without the consent of
    the trademark registrant;&#160;and
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    otherwise infringing upon the exclusive right of another person
    to use a registered trademark.
</TD>
</TR>

</TABLE>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    In the PRC, a trademark owner who believes the trademark is
    being infringed has three options:
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <I>Option 1:</I>&#160;&#160;The trademark owner can provide his
    trademark registration certificate and other relevant evidence
    to the SAIC or its local branches, which can, in its discretion,
    launch an investigation. The SAIC may take actions such as
    ordering the infringer to immediately cease the infringing
    behavior, seizing and destroying any infringing products and
    representations of the trademark in question, closing the
    facilities used to manufacture the infringing products or
    imposing a fine. If the trademark owner is dissatisfied with the
    SAIC&#146;s decision, he may, within 15&#160;days of receiving
    such decision, institute civil proceedings in court.
</DIV>

<P align="center" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <BR>
    179
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    <I>Option 2:</I>&#160;&#160;The trademark owner may institute
    civil proceedings directly in court. Civil remedies for
    trademark infringement include:
</DIV>

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    injunctions;
</TD>
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    requiring the infringer to take steps to mitigate the damage
    (i.e., publish notices in newspapers);&#160;and
</TD>
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    damages which are measured by either the gains acquired by the
    infringer from the infringement, or the losses suffered by the
    trademark owner, including expenses incurred by the trademark
    owner to claim and litigate such infringement. If it is
    difficult to determine the gains acquired by the infringer from
    the infringement, or the losses suffered by the trademark owner,
    the court may elect to award compensation of not more than
    RMB500,000.
</TD>
</TR>

</TABLE>

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<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <I>Option 3:</I>&#160;&#160;If the trademark infringement is so
    serious as to constitute a crime, the trademark owner may file a
    complaint with the police, and the infringer is subject to
    investigation for criminal liability in accordance with PRC laws.
</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 2%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><I><FONT style="font-family: 'Times New Roman', Times">SAFE
    Regulations on Offshore Investment by PRC Residents and Employee
    Stock Options</FONT></I></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    On October&#160;21, 2005, the SAFE issued a titled entitled
    &#147;Circular on several issues concerning foreign exchange
    regulation of corporate finance and roundtrip investments by PRC
    residents through special purpose companies incorporated
    overseas,&#148; or Circular No.&#160;75, which became effective
    as of November&#160;1, 2005.
</DIV>

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<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    According to Circular No.&#160;75:
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    prior to establishing or assuming control of an offshore company
    for the purpose of financing that offshore company with assets
    or equity interests in an onshore enterprise in the PRC, each
    PRC resident, whether a natural or legal person, must complete
    the overseas investment foreign exchange registration procedures
    with the relevant local SAFE branch;
</TD>
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    an amendment to the registration with the local SAFE branch is
    required to be filed by any PRC resident that directly or
    indirectly holds interests in that offshore company upon either
    (1)&#160;the injection of equity interests or assets of an
    onshore enterprise to the offshore company, or (2)&#160;the
    completion of any overseas fund raising by such offshore
    company;&#160;and
</TD>
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    an amendment to the registration with the local SAFE branch is
    also required to be filed by such PRC resident when there is any
    material change involving a change in the capital of the
    offshore company, such as (1)&#160;an increase or decrease in
    its capital, (2)&#160;a transfer or swap of shares, (3)&#160;a
    merger or division, (4)&#160;a long term equity or debt
    investment, or (5)&#160;the creation of any security interests
    over the relevant assets located in China.
</TD>
</TR>

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<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Moreover, Circular No.&#160;75 applies retroactively. As a
    result, PRC residents who have established or acquired control
    of offshore companies that have made onshore investments in the
    PRC before issuance of Circular No.&#160;75 are required to
    complete the relevant overseas investment foreign exchange
    registration procedures by March&#160;31, 2006. Failure to
    comply with the foreign exchange registration procedures may
    result in restrictions being imposed on the foreign exchange
    activities of the relevant onshore company, including the
    payment of dividends and other distributions to its offshore
    parent or affiliate and the capital inflow from the offshore
    entity, and may also subject relevant PRC residents and onshore
    company to penalties under PRC foreign exchange administration
    regulations.
</DIV>

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    On January&#160;5, 2007, the SAFE issued the Implementing Rules
    of the Administrative Measures for Individual Foreign Exchange,
    or the Individual Foreign Exchange Rule, which, among other
    things, specifies approval requirements for a PRC citizen&#146;s
    participation in the employee stock holding plans or stock
    option plans of an overseas publicly-listed company. On
    March&#160;28, 2007, the SAFE issued the Processing Guidance on
    Foreign Exchange Administration of Domestic Individuals
    Participating in Employee Stock Holding Plan or Stock Option
    Plan of Overseas Listed Company, or the Stock Option Rule.
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    <BR>
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<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    According to the Stock Option Rule, if a PRC domestic individual
    participates in any employee stock holding plan or stock option
    plan of an overseas listed company, a PRC domestic agent or the
    PRC subsidiary of such overseas listed company must, among
    others things, file, on behalf of such individual, an
    application with the SAFE to obtain approval for an annual
    allowance with respect to the purchase of foreign exchange in
    connection with stock purchase or stock option exercise as PRC
    domestic individuals may not directly use overseas funds to
    purchase stocks or exercise stock options. Such PRC
    individuals&#146; foreign exchange income received from the sale
    of stocks and dividends distributed by the overseas listed
    company and any other income shall be fully remitted into a
    collective foreign currency account in PRC opened and managed by
    the PRC subsidiary of the overseas listed company or the PRC
    agent before distributing them to such individuals.
</DIV>

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<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    SearchMedia&#146;s PRC citizen employees who will be granted
    stock options, restricted share awards of ID Cayman, or PRC
    optionees, will be subject to the Stock Option Rule upon the
    completion of the business combination. If SearchMedia or its
    PRC optionees fail to comply with the Individual Foreign
    Exchange Rule and the Stock Option Rule, SearchMedia
    <FONT style="white-space: nowrap">and/or</FONT> its
    PRC optionees may be subject to fines and other legal sanctions
    and IC Cayman
    <FONT style="white-space: nowrap">and/or</FONT>
    SearchMedia may be prevented from granting additional options or
    other awards of ID Cayman to SearchMedia&#146;s PRC employees.
</DIV>

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<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    In addition, the General Administration of Taxation has issued
    certain circulars concerning employee stock options. Pursuant to
    these circulars, SearchMedia&#146;s employees working in China
    who exercise stock options will be subject to PRC individual
    income tax. SearchMedia&#146;s PRC subsidiaries have obligations
    to file documents related to employee stock options with
    relevant tax authorities and withhold individual income taxes of
    those employees who exercise their stock options. If
    SearchMedia&#146;s employees fail to pay and SearchMedia fails
    to withhold their income taxes, SearchMedia may face sanctions
    imposed by tax authorities or any other PRC government
    authorities.
</DIV>
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    <B><I><FONT style="font-family: 'Times New Roman', Times">Regulation
    on Overseas Listing</FONT></I></B>
</DIV>
</A>
<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    In August 2006, six PRC regulatory agencies promulgated the
    Rules on Acquisition of Domestic Enterprises by Foreign
    Investors, or the M&#038;A Rules, regulating the mergers and
    acquisitions of domestic enterprises by foreign investors. The
    M&#038;A Rules became effective in September 2006, and the
    rules, among other things, purport to require that an offshore
    special purpose vehicle, or SPV, formed for listing purposes and
    controlled directly or indirectly by PRC companies or
    individuals shall obtain the approval of the CSRC prior to the
    listing and trading of such SPV&#146;s securities on an overseas
    stock exchange, especially in the event that the SPV acquires
    shares of or equity interests in the PRC companies in exchange
    for the shares of offshore companies. On September&#160;21,
    2006, the CSRC issued a clarification that sets forth the
    criteria and process for obtaining any required approval from
    the CSRC.
</DIV>

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<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    To date, the application of this new M&#038;A rule is unclear.
    SearchMedia&#146;s PRC legal counsel, Commerce&#160;&#038;
    Finance Law Offices, has advised SearchMedia that:
</DIV>

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    the CSRC currently has not issued any definitive rule or
    interpretation concerning whether offerings like
    SearchMedia&#146;s under this proxy statement/prospectus are
    subject to CSRC approval procedures;&#160;and
</TD>
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    despite the above, prior approval from CSRC is not required
    under the new regulations for the listing and trading of ID
    Cayman&#146;s shares, on NYSE Amex, unless such approval is
    clearly required by subsequent rules of the CSRC, because
    (i)&#160;SM Cayman or its wholly foreign-owned enterprise
    incorporated in China, Jieli Consulting, have not acquired any
    equity or assets of a PRC domestic company and (ii)&#160;Jieli
    Consulting has entered into contractual arrangements with Jingli
    Shanghai and its shareholders because current PRC laws and
    regulations require foreign investors in advertising businesses
    to meet certain qualifications, and SM Cayman currently does not
    operate a foreign-invested enterprise which is approved by
    competent PRC authorities to engage in advertising businesses.
</TD>
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    There is still uncertainty as to how the new regulations will be
    interpreted or implemented. See &#147;Risk Factors&#160;&#151;
    Risk Related to Doing Business in the People&#146;s Republic of
    China&#151;&#160;The approval of the China Securities Regulatory
    Commission, or the CSRC, may be required in connection with this
    transaction under a
</DIV>

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    recently adopted PRC regulation. The regulation also establishes
    more complex procedures for acquisitions conducted by foreign
    investors that could make it more difficult for SearchMedia to
    grow through acquisitions.&#148;
</DIV>
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<DIV align="left" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">Facilities</FONT></B>
</DIV>
</A>
<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    SearchMedia&#146;s headquarters are located in Shanghai, China,
    where it leases approximately 1,110&#160;square meters of office
    space. As of July&#160;31, 2009, SearchMedia&#146;s offices in
    24&#160;cities occupy an aggregate of 7,120&#160;square meters
    of leased space.
</DIV>
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    <B><FONT style="font-family: 'Times New Roman', Times">Legal
    Proceedings</FONT></B>
</DIV>
</A>
<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    From time to time, SearchMedia may be subject to legal
    proceedings, investigations and claims incidental to the conduct
    of its business. SearchMedia is not currently a party to any
    legal proceeding or investigation that, in the opinion of its
    management, is likely to have a material adverse effect on its
    business or financial condition.
</DIV>

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<DIV style="margin-top: 18pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">SEARCHMEDIA&#146;S
    MANAGEMENT&#146;S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION
    AND RESULTS OF OPERATIONS</FONT></B>
</DIV>
</A>
<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    You should read the following discussion and analysis of the
    financial condition and results of operations of SearchMedia and
    its predecessors in conjunction with SearchMedia&#146;s
    consolidated financial statements and related notes and the
    predecessors&#146; respective financial statements and related
    notes included elsewhere in this proxy statement/prospectus.
    This discussion may contain forward-looking statements based on
    current expectations involving risks and uncertainties.
    SearchMedia&#146;s actual results may differ materially from
    those anticipated in these forward-looking statements as a
    result of various factors, including those set forth under
    &#147;Risk Factors&#148; or in other parts of this proxy
    statement/prospectus.
</DIV>
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<DIV align="left" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">Overview</FONT></B>
</DIV>
</A>
<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    SearchMedia is a leading nationwide multi-platform media company
    and one of the largest operators of integrated outdoor billboard
    and in-elevator advertising networks in China. It ranked first
    in market share of in-elevator advertising displays in 13 out of
    the 26 most affluent cities in China and ranked second in an
    additional nine of these cities, according to Nielsen Media
    Research, an independent research company, in its July 2008
    report commissioned by SearchMedia, or the Nielsen Report.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    SearchMedia deploys its advertising network across the following
    media platforms to provide multi-platform, &#147;one-stop
    shop&#148; services for its clients:
</DIV>

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    <TD align="left">
    <I>Outdoor billboard platform.</I>&#160;&#160;SearchMedia
    operates a network of over 1,500 high-impact billboards with
    over 500,000&#160;square feet of surface display area in
    15&#160;cities, including Beijing, Hong Kong, Qingdao, Shanghai,
    Shenyang, Shenzhen, Guangzhou, Chongqing and Chengdu. Its
    billboards are mostly large-format billboards deployed in
    commercial centers and other desirable areas with heavy vehicle
    <FONT style="white-space: nowrap">and/or</FONT> foot
    traffic.
</TD>
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    <TD>&nbsp;</TD>
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</TD>
    <TD align="left">
    <I>In-elevator platform.</I>&#160;&#160;SearchMedia&#146;s
    network of over 175,000 printed and digital poster frames
    delivers targeted advertising messages inside elevators to
    captive audiences in high-rise residential and office buildings
    in 57 major cities in China.
</TD>
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    <TD>&nbsp;</TD>
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</TD>
    <TD align="left">
    <I>Subway advertising platform.</I>&#160;&#160;SearchMedia
    operates a network of large-format light boxes in concourses of
    eight major subway lines in Shanghai. According to the Metro
    Authority of Shanghai, in 2008, these subway lines carried an
    aggregate average daily traffic of approximately three million
    commuters.
</TD>
</TR>

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<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Since SearchMedia entered the out-of-home advertising industry
    through its predecessors in 2005, it has achieved significant
    growth through acquisitions and organic expansion. From 2005 to
    July&#160;31, 2009, SearchMedia expanded its network to over
    175,000 poster frames and over 500,000&#160;square feet of
    billboard space. SearchMedia&#146;s revenues, operating income
    and net income were $7.8&#160;million, $2.2&#160;million and
    $1.2&#160;million, respectively, for the period from its
    inception on February&#160;9, 2007 to December&#160;31, 2007, or
    the 2007 period, and $88.6&#160;million, $22.8&#160;million and
    $4.3&#160;million, respectively, for the year ended
    December&#160;31, 2008.
</DIV>
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<DIV align="left" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">SearchMedia&#146;s
    Predecessors and Acquisitions</FONT></B>
</DIV>
</A>
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    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    SearchMedia commenced its operations in 2005 through
    (i)&#160;Shanghai Sige Advertising and Media Co., Ltd., or Sige,
    a Chinese company controlled by Ms.&#160;Qinying Liu, SM
    Cayman&#146;s chairman and shareholder, (ii)&#160;Shenzhen Dale
    Advertising Co., Ltd., or Dale, a Chinese company owned by
    Ms.&#160;Le Yang, SM Cayman&#146;s director and shareholder, and
    Mr.&#160;Haiyin Yang, brother of Ms.&#160;Le Yang, and
    (iii)&#160;Beijing Conghui Advertising Co., Ltd., or Conghui, a
    Chinese company controlled by a minority shareholder of SM
    Cayman.
</TD>
</TR>


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<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    On February&#160;9, 2007, SM Cayman was incorporated in the
    Cayman Islands as a holding company. On June&#160;1, 2007, SM
    Cayman incorporated Jieli Investment Management Consulting
    (Shanghai) Co., Ltd., or Jieli Consulting, as its wholly-owned
    subsidiary in China.
</TD>
</TR>

</TABLE>

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    <BR>
    183
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<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

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    <TD width="94%"></TD>
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<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    As operating an advertising network was restricted to PRC
    entities at the time, SM Cayman, through Jieli Consulting,
    entered into contractual arrangements on June&#160;4, 2007 with
    each of Sige, Dale and Conghui. Pursuant to these contractual
    arrangements, Jieli Consulting became the primary beneficiary,
    bore all the economic risks and received all the economic
    benefits of these entities&#146; advertising businesses, and
    controlled the financing and operating affairs with respect to
    these businesses. In accordance with Financial Accounting
    Standards Board Interpretation No.&#160;46(R)
    &#147;Consolidation of Variable Interest Entities,&#148;
    SearchMedia consolidated the financial statements of these
    entities effective from June&#160;4, 2007.
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    On August&#160;3, 2007, the legal shareholders of Sige and Dale
    organized Jingli Shanghai, a limited liability company
    incorporated in China, to assume the business of Sige, Dale and
    Conghui. On September&#160;10, 2007, Jieli Consulting entered
    into contractual arrangements with Jingli Shanghai on terms
    similar to those under previous arrangements with Sige and Dale
    and Conghui.
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    On October&#160;31, 2007, Jieli Consulting terminated the
    contractual arrangements with Conghui due to a difference of
    views on future business plans and strategies between the
    management of SearchMedia and Conghui. As a result, SearchMedia
    deconsolidated Conghui in the 2007 period and views only Sige
    and Dale as its predecessors.
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    In January, February, April, and July of 2008, SearchMedia
    acquired the advertising businesses of 12 entities. See
    &#147;Information about SearchMedia&#160;&#151; Corporate
    Organization and Operating History.&#148;
</TD>
</TR>

</TABLE>
<A name='258'>
<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">Factors
    Affecting SearchMedia&#146;s Results of Operations</FONT></B>
</DIV>
</A>
<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 2%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><I><FONT style="font-family: 'Times New Roman', Times">Factors
    affecting out-of-home advertising industry in
    China</FONT></I></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    SearchMedia&#146;s operating results are affected by these
    factors that impact the out-of-home advertising industry in
    China:
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="4%"></TD>
    <TD width="2%"></TD>
    <TD width="94%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    <I>Growth of the PRC economy and the advertising
    industry.</I>&#160;&#160;The growth of the PRC economy affects
    the size and growth rate of the advertising industry in China.
    As the advertising industry is typically sensitive to the
    general economic conditions, any slowdown in the economy, such
    as the recent worldwide economic downturn, could directly and
    adversely affect the overall advertising spending in China by
    multinational and domestic advertisers. The amount and timing of
    collection of advertising fees from advertisers may also be
    negatively impacted as a result, which could in turn affect
    SearchMedia&#146;s liquidity and its results of operations.
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    <I>Advertising spending and budget cycle of
    advertisers.</I>&#160;&#160;Advertising spending and budget
    cycle of advertisers will affect the amount and timing of demand
    for SearchMedia&#146;s service offerings. In a contracted
    economy, the budget size for advertising may be reduced.
    Advertisers may have shorter budget cycles, may contract for
    shorter-term advertising promotions and may seek media platform
    with higher average returns on their advertising spending.
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    <I>Growth of out-of-home advertising as advertisers&#146;
    marketing strategy and budget. </I>SearchMedia&#146;s revenues
    depend on advertising spending budgeted by its clients for
    out-of-home advertising, including offerings through
    SearchMedia&#146;s outdoor billboard, in-elevator and subway
    advertising platforms. The level of acceptance of
    SearchMedia&#146;s platforms by advertisers and the value of its
    advertising network relative to its low cost, as perceived by
    SearchMedia&#146;s advertisers, affect SearchMedia&#146;s
    business growth.
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    <I>Competition and pricing pressure.</I>&#160;&#160;The level of
    competition in the out-of-home advertising market from existing
    operators and new market entrants for clients and for media
    assets could affect opportunities for growth, influence prices
    that SearchMedia could charge for its advertising services, and
    affect the leasing cost of advertising space.
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    <I>Seasonality and One-Time Events.</I>&#160;&#160;Advertising
    spending is affected by holidays and one-time events, such as
    the Beijing Olympic Games and the Shanghai Expo. Advertising
    spending for outdoor media
</TD>
</TR>

</TABLE>

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    <BR>
    184
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    <TD width="4%"></TD>
    <TD width="2%"></TD>
    <TD width="94%"></TD>
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    <TD>&nbsp;</TD>
    <TD>
</TD>
    <TD align="left">
    generally decreases during the Chinese New Year, which occurs in
    the first calendar quarter of each year, and increases in the
    last calendar quarter.
</TD>
</TR>

</TABLE>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

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    <TD width="4%"></TD>
    <TD width="2%"></TD>
    <TD width="94%"></TD>
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    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    <I>Laws regulating advertising in the PRC.</I>&#160;&#160;A
    change in PRC law or government practice regulating the
    advertising industry in general and SearchMedia&#146;s service
    platforms in particular could affect SearchMedia&#146;s results
    of operations, in terms of compliance costs and scope of
    advertising services offered to clients.
</TD>
</TR>

</TABLE>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 2%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><I><FONT style="font-family: 'Times New Roman', Times">Factors
    Affecting SearchMedia&#146;s Operations
    Specifically</FONT></I></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    SearchMedia&#146;s operating results are also directly affected
    by company-specific factors, including the following:
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="4%"></TD>
    <TD width="2%"></TD>
    <TD width="94%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    <I>Ability to maintain market position and expand into new
    cities. </I>The market for out-of-home advertising services is
    relatively new and rapidly evolving, and as a multi-platform
    media company with a presence in 57&#160;cities in China and
    Hong Kong, SearchMedia competes with different players across
    its platforms and cities of operation. For its in-elevator
    advertising platform, SearchMedia competes primarily against
    large regional operators and other nationwide operators. For its
    billboard advertising platform, SearchMedia competes against
    mostly local or regional outdoor billboard owners and operators,
    as the outdoor billboard market in China is largely fragmented.
    For its subway advertising platform, SearchMedia competes
    against other seasoned operators such as JCDecaux. See
    &#147;Information About SearchMedia&#160;&#151;
    Competition.&#148; SearchMedia&#146;s continued ability to
    maintain its market position is central to its ability to
    attract new clients, expand relationships with site owners and
    managers and increase its revenues.
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    <I>Ability to expand client base and increase the number of
    advertising contracts and average revenues per contract.</I>
    SearchMedia&#146;s ability to expand client base and increase
    the number of advertising contracts and average revenues per
    contract is a key driver of its revenue growth. See
    &#147;&#151;&#160;Revenues.&#148; SearchMedia believes its
    extensive advertising network across multiple media platforms
    allows it to act as a &#147;one-stop shop&#148; for advertising
    clients that seek nationwide distribution of advertising content
    across multiple advertising channels, including outdoor
    billboards, elevators and subway stations.
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    <I>Ability to sign and extend site leases for lower rentals.</I>
    SearchMedia&#146;s ability to generate revenues and increase
    profitability from advertising sales depends largely on its
    ability to provide a large network of its media products across
    media platforms at desirable locations on commercially
    advantageous terms. The effectiveness of SearchMedia&#146;s
    network also depends on the cooperation of site owners and
    managers to allow it to install the desired types of poster
    frames at the desired spots on their properties and, for
    in-elevator advertising, to keep the elevators in operation and
    accessible to the viewing public.
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    <I>Ability to integrate acquired
    companies.</I>&#160;&#160;SearchMedia acquired a number of
    advertising businesses in 2008. SearchMedia has since been
    integrating and centralizing the accounting, legal, human
    resource and administrative functions of the acquired companies.
    The extent to which SearchMedia will successfully integrate the
    acquired companies into its business, in terms of sales and
    marketing, client service, growth strategy and corporate
    culture, could impact its results of operations.
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    <I>Ability to shorten accounts receivable collection period.</I>
    As is consistent with the payment terms and collection practice
    of the advertising industry in China, the collection period of
    SearchMedia&#146;s accounts receivable is relatively long, which
    generally range from three months to six months from the
    invoicing date. Relative to direct advertising clients, the
    collection period is longer for accounts receivable from
    advertising agency clients. Collections tend to concentrate at
    the end of calendar years. SearchMedia expects such practice to
    continue in the foreseeable future. The onset and deepening of
    recent global financial and economic crises could negatively
    impact the cash flows of its multinational and local clients
    and, in turn, the amount and timing of collection of accounts
    receivable from them.
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    <I>Ability to cross-sell.</I>&#160;&#160;SearchMedia&#146;s
    ability to increase revenues by effectively leveraging its
    multi-platform advertising network will be determined by its
    ability to integrate its sales efforts and successfully
    implement cross-selling sales initiatives.
</TD>
</TR>

</TABLE>

<P align="center" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <BR>
    185
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<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="6%"></TD>
    <TD width="2%"></TD>
    <TD width="92%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    <I>Ability to retain key employees and sales
    people.</I>&#160;&#160;Recruiting and retaining a team of senior
    executives, key employees and sales team with industry knowledge
    and experience is essential to SearchMedia&#146;s continued
    success.
</TD>
</TR>

</TABLE>
<A name='259'>
<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">Revenues</FONT></B>
</DIV>
</A>
<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    SearchMedia derives its revenues from providing advertising
    services. During the period from the date of its inception on
    February&#160;9, 2007 to December&#160;31, 2007, or the 2007
    period, and the year ended December&#160;31, 2008, SearchMedia
    generated revenues of $7.8&#160;million and $88.6&#160;million,
    respectively. For the 2007 period, SearchMedia&#146;s revenues
    equal the revenues recognized from June&#160;4, 2007, the date
    on which the financial statements of SearchMedia&#146;s variable
    interest entities were initially consolidated, to
    December&#160;31, 2007.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    SearchMedia generates its revenues from providing advertising
    services over its network that consists primarily of the
    following platforms:
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="4%"></TD>
    <TD width="2%"></TD>
    <TD width="94%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    <I>Outdoor billboard platform.</I>&#160;&#160;SearchMedia
    typically signs advertising contracts with terms ranging from
    six to 24&#160;months for billboard advertisements. Each
    contract will specify the billboard location, measurement and
    the price. The contract price varies substantially from contract
    to contract, based on the location and measurement of the
    billboard. Deposits or progress payments are typically required
    at various stages of the contract performance, such as signing
    of contract, confirmation of content and completion of service
    period.
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    <I>In-elevator platform.</I>&#160;&#160;SearchMedia typically
    signs advertising contracts with terms ranging from one to six
    months for in-elevator advertisements. Typically, SearchMedia
    negotiates for a contract price for covering a set of cities or
    districts within cities. SearchMedia may sometimes help certain
    clients design a detailed plan, based on the contract price and
    targeted demographics, with particular buildings where the
    advertisements will be displayed within the cities or districts
    specified under the contract. Progress payments are typically
    required at various stages of the contract performance.
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    <I>Subway advertising platform.</I>&#160;&#160;SearchMedia
    typically signs advertising contracts with terms ranging from
    one to three months for subway advertisements. The price
    typically consists of advertising fees and production fees for
    subway advertisements. Typically, the contracts specify a
    certain combination of subway stations and SearchMedia has the
    discretion to assign specific light boxes for each contract.
    Service payments are typically required at pre-specified dates
    prior to the completion of the contract.
</TD>
</TR>

</TABLE>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    SearchMedia recognizes advertising service revenues on a
    straight-line basis over the period in which the advertisement
    is required to be displayed, starting from the date SearchMedia
    first displays the advertisement. SearchMedia only recognizes
    revenue if the collectibility of the service fee is probable.
    The amount of advertising service revenues recognized is net of
    business taxes and surcharges ranging between 5% and 9%.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Revenue from the provision of advertising services includes
    revenue from barter transactions, which represents exchange of
    SearchMedia&#146;s advertising services for goods,
    non-advertising services or dissimilar advertising services
    provided by third parties. Dissimilar advertising services
    represent placing advertisements on other media such as
    television channels, newspapers or magazines for SearchMedia.
    Revenues and expenses are recognized from an advertising barter
    transaction only if the fair value of the advertising
    surrendered in the transaction is determinable. If the fair
    value of the advertising surrendered in the barter transaction
    is not determinable, the barter transaction is recorded based on
    the carrying amount of the advertising surrendered, which is
    generally nil. For the 2007 period and the year ended
    December&#160;31, 2008, revenue recognized from barter
    transactions amounted to $563,000 and $2.7&#160;million
    respectively.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    SearchMedia&#146;s revenue generation is affected by the number
    of advertising contracts it enters into with clients and the
    average revenues per contract.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    The table below sets forth the number of contracts and average
    revenues per contract for the period indicated.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<P align="center" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <BR>
    186
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<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->

<TABLE border="0" width="100%" align="center" cellpadding="0" cellspacing="0" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
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<TR style="font-size: 1pt" valign="bottom">
    <TD width="63%">&nbsp;</TD>	<!-- colindex=01 type=maindata -->
    <TD width="2%">&nbsp;</TD>	<!-- colindex=02 type=gutter -->
    <TD width="1%" align="right">&nbsp;</TD>	<!-- colindex=02 type=lead -->
    <TD width="14%" align="right">&nbsp;</TD>	<!-- colindex=02 type=body -->
    <TD width="1%" align="left">&nbsp;</TD>	<!-- colindex=02 type=hang1 -->
    <TD width="3%">&nbsp;</TD>	<!-- colindex=03 type=gutter -->
    <TD width="1%" align="right">&nbsp;</TD>	<!-- colindex=03 type=lead -->
    <TD width="14%" align="right">&nbsp;</TD>	<!-- colindex=03 type=body -->
    <TD width="1%" align="left">&nbsp;</TD>	<!-- colindex=03 type=hang1 -->
</TR>
<!-- Table Width Row END -->
<TR style="font-size: 8pt" valign="bottom" align="center">
<TD nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>For the Period from<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom" align="center">
<TD nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>February&#160;9, 2007 to<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>For the Year Ended<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom" align="center">
<TD nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    <B>December&#160;31, 2007</B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    <B>December&#160;31, 2008</B>
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR style="line-height: 3pt; font-size: 1pt">
<TD>&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Number of contracts*
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    202
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    1,493
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Average revenues per contract
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    38,752
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    59,368
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
</TABLE>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">

</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV style="font-size: 1pt; margin-left: 0%; width: 13%;  align: left; border-bottom: 1pt solid #000000"></DIV><!-- callerid=999 iwidth=456 length=60 -->

<DIV style="margin-top: 3pt; font-size: 1pt">&nbsp;</DIV>



<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">

<TR>
    <TD width="2%"></TD>
    <TD width="1%"></TD>
    <TD width="97%"></TD>
</TR>

<TR>
    <TD align="right" valign="top">
    *&#160;</TD>
    <TD></TD>
    <TD valign="bottom">
    Number of contracts includes total number of contracts under
    which revenues were generated for the respective periods.</TD>
</TR>

</TABLE>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="4%"></TD>
    <TD width="2%"></TD>
    <TD width="94%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    <I>Number of contracts.</I>&#160;&#160;The number of advertising
    contracts SearchMedia enters into during any period is
    influenced by its market position and reputation. It is affected
    by its sales, marketing and services efforts to develop new
    clients and cross-sell and bundle its solutions across multiple
    platforms, and provide &#147;one-stop shop,&#148; quality and
    value-added services to its clients. It is also affected by the
    addition of network coverage, media platforms and number of
    displays or billboards to its network, and the introduction of
    new products such as the digital frames that effectively
    expanded the network capacity. SearchMedia believes that an
    increased client base, better services and expanded networks
    will directly affect the number of its advertising contracts.
    The number of SearchMedia&#146;s advertising contracts is also
    driven by client-specific factors such as timing of introduction
    of new advertising campaigns, seasonality of clients&#146;
    operations and growth of business sectors in which its clients
    operate. Depending on client demand, the number of
    SearchMedia&#146;s service contracts with its clients varies
    from period to period. The loss of, or significant reduction in,
    business from any major client without replacement clients could
    adversely impact its operating results. Conversely, the addition
    of a major advertising service contracts may significantly
    increase its revenues.
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    <I>Average advertising service revenues per
    contract.</I>&#160;&#160;SearchMedia&#146;s revenues per
    contract are affected by factors affecting out-of-home
    advertising service providers generally and factors affecting
    SearchMedia specifically. See &#147;&#151;&#160;Factors
    Affecting SearchMedia&#146;s Results of Operations.&#148; As
    SearchMedia typically negotiates for the overall contract amount
    before providing an advertising plan with specific display
    locations, average revenues per contract are particularly
    affected by the acceptance of SearchMedia&#146;s platforms as
    part of the marketing strategies and budgets of its clients.
    Average advertising services revenues per contract are also
    affected by its pricing policy, which is in turn affected by the
    level of competition, the costs that SearchMedia incurred in
    providing its services to the advertising clients, the quality
    of SearchMedia&#146;s services, and, particularly, the perceived
    attractiveness or effectiveness of its media portfolio.
</TD>
</TR>

</TABLE>
<A name='260'>
<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">Cost of
    Revenues and Operating Expenses</FONT></B>
</DIV>
</A>
<A name='261'>
<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 2%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><I><FONT style="font-family: 'Times New Roman', Times">Cost
    of Revenues</FONT></I></B>
</DIV>
</A>
<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    The following table sets forth the amount of SearchMedia&#146;s
    cost of revenues and as a percentage of total revenues for the
    periods indicated:
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<TABLE border="0" width="100%" align="center" cellpadding="0" cellspacing="0" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
<!-- Table Width Row BEGIN -->
<TR style="font-size: 1pt" valign="bottom">
    <TD width="57%">&nbsp;</TD>	<!-- colindex=01 type=maindata -->
    <TD width="2%">&nbsp;</TD>	<!-- colindex=02 type=gutter -->
    <TD width="1%" align="right">&nbsp;</TD>	<!-- colindex=02 type=lead -->
    <TD width="6%" align="right">&nbsp;</TD>	<!-- colindex=02 type=body -->
    <TD width="1%" align="left">&nbsp;</TD>	<!-- colindex=02 type=hang1 -->
    <TD width="3%">&nbsp;</TD>	<!-- colindex=03 type=gutter -->
    <TD width="1%" align="right">&nbsp;</TD>	<!-- colindex=03 type=lead -->
    <TD width="6%" align="right">&nbsp;</TD>	<!-- colindex=03 type=body -->
    <TD width="1%" align="left">&nbsp;</TD>	<!-- colindex=03 type=hang1 -->
    <TD width="3%">&nbsp;</TD>	<!-- colindex=04 type=gutter -->
    <TD width="1%" align="right">&nbsp;</TD>	<!-- colindex=04 type=lead -->
    <TD width="6%" align="right">&nbsp;</TD>	<!-- colindex=04 type=body -->
    <TD width="1%" align="left">&nbsp;</TD>	<!-- colindex=04 type=hang1 -->
    <TD width="3%">&nbsp;</TD>	<!-- colindex=05 type=gutter -->
    <TD width="1%" align="right">&nbsp;</TD>	<!-- colindex=05 type=lead -->
    <TD width="6%" align="right">&nbsp;</TD>	<!-- colindex=05 type=body -->
    <TD width="1%" align="left">&nbsp;</TD>	<!-- colindex=05 type=hang1 -->
</TR>
<!-- Table Width Row END -->
<TR style="font-size: 8pt" valign="bottom" align="center">
<TD nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="6" nowrap align="center" valign="bottom">
    <B>For the<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="6" nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom" align="center">
<TD nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="6" nowrap align="center" valign="bottom">
    <B>Period from<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom" align="center">
<TD nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="6" nowrap align="center" valign="bottom">
    <B>February&#160;9, 2007 to<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="6" nowrap align="center" valign="bottom">
    <B>For the Year Ended<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom" align="center">
<TD nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="6" nowrap align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    <B>December&#160;31, 2007</B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="6" nowrap align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    <B>December&#160;31, 2008</B>
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom" align="center">
<TD nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    <B>$</B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    <B>%</B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    <B>$</B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    <B>%</B>
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom" align="center">
<TD nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="14" nowrap align="center" valign="bottom">
    <B>(In thousands except percentages)</B>
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR style="line-height: 3pt; font-size: 1pt">
<TD>&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Total revenues
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    7,828
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    100.0
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    88,637
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    100.0
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Cost of revenues
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    (2,451
</TD>
<TD nowrap align="left" valign="bottom">
    )
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    31.3
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    (46,674
</TD>
<TD nowrap align="left" valign="bottom">
    )
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    52.7
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Gross profit
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    5,377
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    68.7
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    41,963
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    47.3
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
</TABLE>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">

</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    SearchMedia&#146;s cost of revenues consists primarily of
    operating lease cost of advertising space for displaying
    advertisements, depreciation of advertisement display equipment,
    amortization of intangible assets relating to lease agreements
    and direct staff and material costs associated with production
    and installation of advertisement content. SearchMedia&#146;s
    operating lease cost represents a significant portion of its
    cost of revenues. In the 2007 period and the year ended
    December&#160;31, 2008, SearchMedia&#146;s operating lease cost
</DIV>

<P align="center" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    187
</DIV><!-- END PAGE WIDTH -->
<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>

<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    accounted for 55.9% and 80.9%, respectively, of its cost of
    revenues. For the same periods, such operating lease cost
    accounted for 17.5% and 42.6%, respectively, of its total
    revenues.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="4%"></TD>
    <TD width="2%"></TD>
    <TD width="94%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    <I>Outdoor billboard location cost.</I>&#160;&#160;SearchMedia
    leases billboard locations from managers of commercial centers
    and other desirable areas of heavy vehicle
    <FONT style="white-space: nowrap">and/or</FONT> foot
    traffic. The term of a location leasing contract is generally
    one to five years. Under most of the leasing contracts,
    SearchMedia is granted a right of first refusal with respect to
    renewals, provided that the terms offered by SearchMedia are no
    less favorable than those offered by competing bidders. The
    lease payment periods under these contracts vary, from those on
    a monthly or quarterly basis to those on a semi-annual or annual
    basis. The lease payment for a period is typically due at the
    beginning of the period.
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    <I>In-elevator platform location
    cost.</I>&#160;&#160;SearchMedia leases elevators in both
    residential and commercial high-rise buildings from property
    developers, property management companies or homeowner
    associations. As of July&#160;31, 2009, approximately 80% of the
    buildings in which SearchMedia had installed its poster frames
    were residential buildings and 20% were office buildings.
    SearchMedia typically enters into leasing contracts for terms
    from one to three years, and is usually granted a right of first
    refusal with respect to renewals of the contracts, provided that
    the terms offered by SearchMedia are no less favorable than
    those offered by competing bidders. SearchMedia typically makes
    lease payments on a quarterly basis under these contracts, with
    the lease payment for each quarter due at the beginning of the
    quarter.
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    <I>Subway advertising platform location
    cost.</I>&#160;&#160;Upon SearchMedia&#146;s acquisition of
    Shanghai Haiya in February 2008, SearchMedia took over the
    operation rights for a network of light boxes in the Shanghai
    subway system. The payment terms for the lease contracts vary,
    from those on a quarterly or installment basis to those on an
    annual basis. The lease payment for a period is typically due at
    the beginning of the period.
</TD>
</TR>

</TABLE>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    SearchMedia believes that it will likely be able to renew these
    leases if it chooses to renew them, based on its current
    assessment of its relationships with the site owners or managers
    and historical experience of renewal. SearchMedia believes that,
    as a result of inflation, competition, loss of bargaining power
    or otherwise, it may in the future need to pay higher lease
    payments in order to renew existing leases, obtain new and
    desirable locations, or secure exclusivity and other favorable
    terms.
</DIV>
<A name='262'>
<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 2%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><I><FONT style="font-family: 'Times New Roman', Times">Operating
    Expenses</FONT></I></B>
</DIV>
</A>
<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    The following table sets forth a breakdown of SearchMedia&#146;s
    operating expenses, both in terms of amount and as a percentage
    of total revenues, for the periods indicated:
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<TABLE border="0" width="100%" align="center" cellpadding="0" cellspacing="0" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
<!-- Table Width Row BEGIN -->
<TR style="font-size: 1pt" valign="bottom">
    <TD width="57%">&nbsp;</TD>	<!-- colindex=01 type=maindata -->
    <TD width="2%">&nbsp;</TD>	<!-- colindex=02 type=gutter -->
    <TD width="1%" align="right">&nbsp;</TD>	<!-- colindex=02 type=lead -->
    <TD width="6%" align="right">&nbsp;</TD>	<!-- colindex=02 type=body -->
    <TD width="1%" align="left">&nbsp;</TD>	<!-- colindex=02 type=hang1 -->
    <TD width="3%">&nbsp;</TD>	<!-- colindex=03 type=gutter -->
    <TD width="1%" align="right">&nbsp;</TD>	<!-- colindex=03 type=lead -->
    <TD width="6%" align="right">&nbsp;</TD>	<!-- colindex=03 type=body -->
    <TD width="1%" align="left">&nbsp;</TD>	<!-- colindex=03 type=hang1 -->
    <TD width="3%">&nbsp;</TD>	<!-- colindex=04 type=gutter -->
    <TD width="1%" align="right">&nbsp;</TD>	<!-- colindex=04 type=lead -->
    <TD width="6%" align="right">&nbsp;</TD>	<!-- colindex=04 type=body -->
    <TD width="1%" align="left">&nbsp;</TD>	<!-- colindex=04 type=hang1 -->
    <TD width="3%">&nbsp;</TD>	<!-- colindex=05 type=gutter -->
    <TD width="1%" align="right">&nbsp;</TD>	<!-- colindex=05 type=lead -->
    <TD width="6%" align="right">&nbsp;</TD>	<!-- colindex=05 type=body -->
    <TD width="1%" align="left">&nbsp;</TD>	<!-- colindex=05 type=hang1 -->
</TR>
<!-- Table Width Row END -->
<TR style="font-size: 8pt" valign="bottom" align="center">
<TD nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="6" nowrap align="center" valign="bottom">
    <B>For the Period from<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom" align="center">
<TD nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="6" nowrap align="center" valign="bottom">
    <B>February&#160;9, 2007<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="6" nowrap align="center" valign="bottom">
    <B>For the Year Ended<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom" align="center">
<TD nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="6" nowrap align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    <B>to December&#160;31, 2007</B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="6" nowrap align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    <B>December&#160;31, 2008</B>
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom" align="center">
<TD nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    <B>$</B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    <B>%</B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    <B>$</B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    <B>%</B>
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom" align="center">
<TD nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="14" nowrap align="center" valign="bottom">
    <B>(In thousands except percentages)</B>
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR style="line-height: 3pt; font-size: 1pt">
<TD>&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Total revenues
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    7,828
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    100.0
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    88,637
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    100.0
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Operating expenses:
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Sales and marketing expenses
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    (293
</TD>
<TD nowrap align="left" valign="bottom">
    )
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    3.8
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    (7,397
</TD>
<TD nowrap align="left" valign="bottom">
    )
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    8.4
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    General and administrative expenses
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    (2,555
</TD>
<TD nowrap align="left" valign="bottom">
    )
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    32.6
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    (11,727
</TD>
<TD nowrap align="left" valign="bottom">
    )
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    13.2
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Loss on deconsolidation of a variable interest entity
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    (358
</TD>
<TD nowrap align="left" valign="bottom">
    )
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    4.6
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#150;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#150;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Total operating expenses
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    (3,206
</TD>
<TD nowrap align="left" valign="bottom">
    )
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    41.0
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    (19,124
</TD>
<TD nowrap align="left" valign="bottom">
    )
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    21.6
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
</TABLE>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">

</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    SearchMedia&#146;s operating expenses accounted for 41.0% and
    21.6%, respectively, of its total revenues for the 2007 period
    and the year ended December&#160;31, 2008. SearchMedia&#146;s
    operating expenses consist mainly of sales and marketing
    expenses and general and administrative expenses.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="4%"></TD>
    <TD width="2%"></TD>
    <TD width="94%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    <I>Sales and marketing expenses.</I>&#160;&#160;These consist
    primarily of salary, benefits and commissions for
    SearchMedia&#146;s sales and marketing personnel, amortization
    of intangible assets related to customer
</TD>
</TR>

</TABLE>

<P align="center" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <BR>
    188
</DIV><!-- END PAGE WIDTH -->
<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>

<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="6%"></TD>
    <TD width="2%"></TD>
    <TD width="92%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>
</TD>
    <TD align="left">
    relationship, advertising and promotion expenses, entertainment
    expenses, traveling expenses and share-based compensation
    expenses for sales and marketing personnel. SearchMedia&#146;s
    selling expenses generally correspond to the fluctuations in
    SearchMedia&#146;s revenues as the sales personnel&#146;s
    compensations are closely tied to their performance. SearchMedia
    expects to continue to incur share-based compensation expenses
    as it grants share options
    <FONT style="white-space: nowrap">and/or</FONT>
    restricted share awards to sales and marketing personnel. In
    addition, SearchMedia expects to incur substantial amounts of
    amortization expenses in the foreseeable future. See
    &#147;&#151;&#160;Amortization Expenses.&#148;
</TD>
</TR>

</TABLE>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="4%"></TD>
    <TD width="2%"></TD>
    <TD width="94%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    <I>General and administrative expenses.</I>&#160;&#160;These
    consist primarily of share-based compensation expenses, salary
    and benefits for its management and administrative personnel,
    office rental and utility expenses, legal and professional
    expenses and miscellaneous office expenses. SearchMedia expects
    that its general and administrative expenses will increase in
    absolute amount as it adds additional personnel and incur
    additional costs related to the growth of its business. It also
    expects to incur additional general and administrative expenses
    as a result of this business combination and its becoming a
    subsidiary of a listed public company in the U.S.&#160;upon
    completion of this transaction. SearchMedia expects to continue
    to incur share-based compensation expenses as it grants share
    options and restricted share awards to its management and
    administrative personnel.
</TD>
</TR>

</TABLE>
<A name='263'>
<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 2%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><I><FONT style="font-family: 'Times New Roman', Times">Share-Based
    Compensation</FONT></I></B>
</DIV>
</A>
<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    SM Cayman adopted a 2008&#160;share incentive plan on
    January&#160;1, 2008. As amended, up to 29,400,000 ordinary
    shares have been reserved for issuance under the plan. As of the
    date of this proxy statement/prospectus, SM Cayman&#146;s
    management personnel hold outstanding options to purchase a
    total of 11,395,000 ordinary shares, with a weighted average
    exercise price per share of $0.73. SM Cayman also granted
    restricted share awards under the plan to senior management
    personnel of SearchMedia. For a description of the share options
    and restricted share awards granted, including the exercise
    prices and vesting terms thereof, see &#147;Certain
    Relationships and Related Party Transactions&#160;&#151;
    SearchMedia Related Party Transactions&#160;&#151; Share
    Incentives&#160;&#151; Historical Award Grants.&#148;
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    The table below sets forth certain information concerning share
    options granted to SearchMedia&#146;s executives, consultants
    and employees on the dates indicated.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left"><FONT size="1">

</FONT></DIV>

<TABLE border="0" width="100%" align="center" cellpadding="0" cellspacing="0" style="font-size: 8pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
<!-- Table Width Row BEGIN -->
<TR style="font-size: 1pt" valign="bottom">
    <TD width="35%">&nbsp;</TD>	<!-- colindex=01 type=maindata -->
    <TD width="1%">&nbsp;</TD>	<!-- colindex=02 type=gutter -->
    <TD width="1%" align="right">&nbsp;</TD>	<!-- colindex=02 type=lead -->
    <TD width="5%" align="right">&nbsp;</TD>	<!-- colindex=02 type=body -->
    <TD width="1%" align="left">&nbsp;</TD>	<!-- colindex=02 type=hang1 -->
    <TD width="2%">&nbsp;</TD>	<!-- colindex=03 type=gutter -->
    <TD width="1%" align="right">&nbsp;</TD>	<!-- colindex=03 type=lead -->
    <TD width="5%" align="right">&nbsp;</TD>	<!-- colindex=03 type=body -->
    <TD width="1%" align="left">&nbsp;</TD>	<!-- colindex=03 type=hang1 -->
    <TD width="2%">&nbsp;</TD>	<!-- colindex=04 type=gutter -->
    <TD width="1%" align="right">&nbsp;</TD>	<!-- colindex=04 type=lead -->
    <TD width="5%" align="right">&nbsp;</TD>	<!-- colindex=04 type=body -->
    <TD width="1%" align="left">&nbsp;</TD>	<!-- colindex=04 type=hang1 -->
    <TD width="2%">&nbsp;</TD>	<!-- colindex=05 type=gutter -->
    <TD width="1%" align="right">&nbsp;</TD>	<!-- colindex=05 type=lead -->
    <TD width="9%" align="right">&nbsp;</TD>	<!-- colindex=05 type=body -->
    <TD width="1%" align="left">&nbsp;</TD>	<!-- colindex=05 type=hang1 -->
    <TD width="2%">&nbsp;</TD>	<!-- colindex=06 type=gutter -->
    <TD width="1%" align="right">&nbsp;</TD>	<!-- colindex=06 type=lead -->
    <TD width="4%" align="right">&nbsp;</TD>	<!-- colindex=06 type=body -->
    <TD width="1%" align="left">&nbsp;</TD>	<!-- colindex=06 type=hang1 -->
    <TD width="2%">&nbsp;</TD>	<!-- colindex=07 type=gutter -->
    <TD width="1%" align="right">&nbsp;</TD>	<!-- colindex=07 type=lead -->
    <TD width="3%" align="right">&nbsp;</TD>	<!-- colindex=07 type=body -->
    <TD width="1%" align="left">&nbsp;</TD>	<!-- colindex=07 type=hang1 -->
    <TD width="2%">&nbsp;</TD>	<!-- colindex=08 type=gutter -->
    <TD width="1%" align="right">&nbsp;</TD>	<!-- colindex=08 type=lead -->
    <TD width="7%" align="right">&nbsp;</TD>	<!-- colindex=08 type=body -->
    <TD width="1%" align="left">&nbsp;</TD>	<!-- colindex=08 type=hang1 -->
</TR>
<!-- Table Width Row END -->
<TR style="font-size: 7pt" valign="bottom" align="center">
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>Fair Value of<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>Fair<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR style="font-size: 7pt" valign="bottom" align="center">
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>Number of<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>Purchase<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>Option/<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>Value of<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR style="font-size: 7pt" valign="bottom" align="center">
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>Restricted<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>Price/<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>Restricted<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>Ordinary<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR style="font-size: 7pt" valign="bottom" align="center">
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>Number of<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>Share<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>Exercise<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>Share Awards at<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>Shares<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>Intrinsic<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>Type of<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR style="font-size: 7pt" valign="bottom" align="center">
<TD nowrap align="left" valign="bottom">
<DIV style="border-bottom: 1px solid #000000; width: 1%; padding-bottom: 1px">
    <B>Grant Date</B>
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    <B>Options</B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    <B>Awards</B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    <B>Price&#160;($)</B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    <B>Grant Date&#160;($)</B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    <B>($)</B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    <B>Value&#160;($)</B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    <B>Valuation</B>
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR style="line-height: 3pt; font-size: 1pt">
<TD>&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -8pt; margin-left: 8pt">
    January 2008
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    4,880,000
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#150;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    0.001-2.63
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    0.08 to 0.43
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    0.43
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    0 &#150; 0.43
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    Retrospective
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -8pt; margin-left: 8pt">
    February 2008
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    40,000
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#150;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    2.63
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    0.15
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    0.48
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    0
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    Retrospective
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -8pt; margin-left: 8pt">
    April 2008
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    3,020,000
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#150;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    0.0001-3.0
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    0.13 to 0.39
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    0.39
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    0 &#150; 0.39
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    Retrospective
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -8pt; margin-left: 8pt">
    July 2008
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    900,000
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#150;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    2.63-3.0
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    0.12 to 0.13
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    0.41
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    0
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    Retrospective
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -8pt; margin-left: 8pt">
    July 2009
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    1,650,000
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#150;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    0.5323
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    0.13 to 0.15
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    0.26
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    0
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    Retrospective
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -8pt; margin-left: 8pt">
    January 2008
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#150;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    1,054,000
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#150;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    0.38
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    0.43
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    0.43
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    Retrospective
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -8pt; margin-left: 8pt">
    February 2008
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#150;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    1,460,000
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#150;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    0.40
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    0.48
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    0.48
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    Retrospective
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -8pt; margin-left: 8pt">
    April 2008
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#150;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    49,000
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#150;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    0.32
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    0.39
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    0.39
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    Retrospective
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -8pt; margin-left: 8pt">
    July 2008
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#150;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    1,304,000
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#150;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    0.33 to 0.35
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    0.41
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    0.41
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    Retrospective
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
</TABLE>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">

</DIV>

<DIV align="left"><FONT size="1">

</FONT></DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    SM Cayman has adopted Statement of Financial Accounting
    Standard, or SFAS, No.&#160;123 (revised 2004),
    &#147;Share-Based Payment,&#148; or SFAS&#160;No.&#160;123R,
    under which it generally recognizes share-based compensation
    expenses based on the grant-date fair value over the period
    during which an employee is required to provide service in
    exchange for the award. The amount of compensation expenses
    recognized for SearchMedia&#146;s share options was
    $1.6&#160;million for the year ended December&#160;31, 2008, of
    which $56,000, $68,000 and $1.5&#160;million was charged to cost
    of revenues, sales and marketing expenses and general and
    administrative expenses, respectively. As of December&#160;31,
    2008, unrecognized share-based compensation cost in respect of
    granted share options amounted to $1.0&#160;million.
</DIV>

<P align="center" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <BR>
    189
</DIV><!-- END PAGE WIDTH -->
<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>

<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    SM Cayman determined the estimated grant-date fair value of
    share options based on the Binomial Tree option-pricing model.
    The determination of fair value of equity awards such as share
    options requires making complex and subjective judgments about
    the fair value of underlying shares since these shares are not
    public traded, the projected financial and operating results of
    the subject company. It also requires making certain assumptions
    such as cost of capital, general market and macroeconomic
    conditions, industry trends, comparable companies, share price
    volatility of the subject company, expected lives of options and
    discount rates. These assumptions are inherently uncertain.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    SM Cayman&#146;s analysis of the ordinary shares underlying the
    options used the guideline companies approach, which
    incorporates certain assumptions including the market
    performance of listed companies with comparable business and
    operating primarily in one country, as well as its financial
    results and growth trends, to derive its total equity value. The
    fair value of the ordinary shares underlying the options was
    determined by considering a number of factors, including the
    expected volatility, which was based on the weighted average
    volatility of several comparable U.S.&#160;listed companies in
    the advertising industry with operations in China. Because SM
    Cayman was a private company at the time the options were
    issued, SM Cayman estimated the potential volatility of its
    ordinary share price by referring to the weighted average
    volatility of these comparable companies as SearchMedia&#146;s
    management believes that the weighted average volatility of such
    companies is a reasonable benchmark to use in estimating the
    expected volatility of SM Cayman&#146;s ordinary shares.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    The fair value of the share options were estimated on the date
    of grant using the following assumptions:
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left"><FONT size="1">

</FONT></DIV>

<TABLE border="0" width="100%" align="center" cellpadding="0" cellspacing="0" style="font-size: 9pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
<!-- Table Width Row BEGIN -->
<TR style="font-size: 1pt" valign="bottom">
    <TD width="21%">&nbsp;</TD>	<!-- colindex=01 type=maindata -->
    <TD width="2%">&nbsp;</TD>	<!-- colindex=02 type=gutter -->
    <TD width="14%">&nbsp;</TD>	<!-- colindex=02 type=maindata -->
    <TD width="3%">&nbsp;</TD>	<!-- colindex=03 type=gutter -->
    <TD width="11%">&nbsp;</TD>	<!-- colindex=03 type=maindata -->
    <TD width="3%">&nbsp;</TD>	<!-- colindex=04 type=gutter -->
    <TD width="14%">&nbsp;</TD>	<!-- colindex=04 type=maindata -->
    <TD width="3%">&nbsp;</TD>	<!-- colindex=05 type=gutter -->
    <TD width="13%">&nbsp;</TD>	<!-- colindex=05 type=maindata -->
    <TD width="3%">&nbsp;</TD>	<!-- colindex=06 type=gutter -->
    <TD width="13%">&nbsp;</TD>	<!-- colindex=06 type=maindata -->
</TR>
<!-- Table Width Row END -->
<TR style="font-size: 8pt" valign="bottom" align="center">
<TD nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    <B>January&#160;2008</B>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    <B>February 2008</B>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    <B>April 2008</B>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    <B>July 2008</B>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    <B>July 2009</B>
</TD>
</TR>
<TR style="line-height: 3pt; font-size: 1pt">
<TD>&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD align="left" valign="bottom">
<DIV style="text-indent: -9pt; margin-left: 9pt">
    Risk-free rate of return
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="bottom">
    5.31%
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="bottom">
    5.02%
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="bottom">
    5.27%
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="bottom">
    5.59%
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="bottom">
    4.49%
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -9pt; margin-left: 9pt">
    Expected term
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD align="center" valign="bottom">
    7.7 to 10.0&#160;years
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="bottom">
    8.0&#160;years
</TD>
<TD>
&nbsp;
</TD>
<TD align="center" valign="bottom">
    6.5 to 10.0&#160;years
</TD>
<TD>
&nbsp;
</TD>
<TD align="center" valign="bottom">
    8.3 to 8.5 years
</TD>
<TD>
&nbsp;
</TD>
<TD align="center" valign="bottom">
    6.0 to 6.1&#160;years
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -9pt; margin-left: 9pt">
    Expected volatility
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="bottom">
    44.69%
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="bottom">
    58.75%
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="bottom">
    59.63%
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="bottom">
    57.77%
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="bottom">
    72.82%
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -9pt; margin-left: 9pt">
    Expected dividend yield
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="bottom">
    0%
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="bottom">
    0%
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="bottom">
    0%
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="bottom">
    0%
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="bottom">
    0%
</TD>
</TR>
</TABLE>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">

</DIV>

<DIV align="left"><FONT size="1">

</FONT></DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    In determining SearchMedia&#146;s fair value of its ordinary
    shares at each grant date, SM Cayman first calculated its equity
    value by using the income approach, i.e., the discounted cash
    flow method. Under the income approach, SM Cayman utilized a
    discounted cash flow analysis based on its projected cash flows
    from 2008 through 2012. SM Cayman used a weighted average cost
    of capital, or WACC, of 15.0% as of January&#160;1, 2008, 14.9%
    as of February&#160;1, 2008, 15.0% as of April&#160;1, 2008,
    16.0% as of July&#160;1, 2008 and 16.2% as of July&#160;1, 2009,
    based on the WACC of the guideline companies. SM Cayman also
    applied a discount for lack of marketability, or DLOM, of 18.0%
    as of January&#160;1, 2008, 18.0% as of February&#160;1, 2008,
    20.8% as of April&#160;1, 2008, 22.5% as of July&#160;1, 2008
    and 15.8% as of July&#160;1, 2009 to reflect the fact that there
    is no ready market for shares in such a closely held company.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    SM Cayman also considered the guidance prescribed by the AICPA
    Audit and Accounting Practice Aid &#147;Valuation of
    Privately-Held-Company Equity Securities Issued as
    Compensation,&#148; or Practice Aid. The stand-alone fair value
    ordinary share was determined based on a retrospective valuation
    using Black-Scholes Options Pricing Model. Since SM
    Cayman&#146;s capital structure is comprised of preferred shares
    and ordinary shares at each measurement date, SM Cayman
    allocated its equity value between each class of equity using an
    option pricing method. The option pricing method treats ordinary
    shares and preferred shares as call options on the equity value,
    with exercise prices based on the liquidation preference of the
    preferred shares to reach the fair value of ordinary share at
    each measurement date.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Because SM Cayman&#146;s share options have certain
    characteristics that are significantly different from traded
    options, and because any deviation from the subjective
    assumptions can materially affect the estimated value, SM Cayman
    believes that the existing valuation model may not provide an
    accurate measure of the fair value of SM Cayman&#146;s share
    options. Although the fair value of the share options is
    determined in accordance with SFAS&#160;No.&#160;123R, using an
    option-pricing method, that value may not be indicative of the
    fair value observed in a willing buyer/willing seller market
    transaction.
</DIV>

<P align="center" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <BR>
    190
</DIV><!-- END PAGE WIDTH -->
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<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>

<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    In January 2008, February 2008, April 2008 and July 2008, SM
    Cayman granted restricted share awards under the 2008&#160;share
    incentive plan with the number of such units and their vesting
    contingent upon the performance levels of certain of
    SearchMedia&#146;s operating entities.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    As SearchMedia&#146;s management determined that it was probable
    that certain performance levels would be achieved, SearchMedia
    recognized compensation cost for the pro rata portion of
    services rendered of $705,000 for these restricted share awards
    for the year ended December&#160;31, 2008, all of which cost was
    charged to SearchMedia&#146;s general and administrative
    expenses. If the performance levels are not achieved, all or a
    portion of the recognized compensation cost will be reversed.
    These restricted share awards have a grant-date fair value of
    $1,450,000. As of December&#160;31, 2008, none of these
    restricted share awards was vested and the unrecognized
    share-based compensation cost in respect of granted restricted
    share awards amounted to US$745,000. This cost is expected to be
    recognized over a weighted average period of 17&#160;months.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    SearchMedia determined the estimated grant-date fair value of
    these restricted share awards as the sum of fair value of common
    shares and a short put option value on the
    <FONT style="white-space: nowrap">lock-up</FONT>
    period. The fair value of the put option is determined based on
    the Asian option-pricing model to calculate the indicated value
    of the
    <FONT style="white-space: nowrap">lock-up</FONT>
    period which used inputs that are the same as those in relation
    to estimating the fair value of the share options.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    If different assumptions were used, the share-based compensation
    expenses and net income could have been significantly different.
</DIV>
<A name='264'>
<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 2%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><I><FONT style="font-family: 'Times New Roman', Times">Amortization
    Expenses</FONT></I></B>
</DIV>
</A>
<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    In connection with the acquisitions completed in the year ended
    December&#160;31, 2008, SearchMedia recognized intangible assets
    (other than goodwill) related to customer relationship and lease
    agreements and recorded amortization expenses of intangible
    assets in the amount of $3.5&#160;million for the period. Out of
    the $3.5&#160;million, $1.8&#160;million and $1.7&#160;million
    were included in cost of revenues and the sales and marketing
    expenses, respectively, based on the nature of the intangibles.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    As of December&#160;31, 2008, SearchMedia expected to incur
    amortization expenses relating to existing intangible assets as
    follows:
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<TABLE border="0" width="100%" align="center" cellpadding="0" cellspacing="0" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
<!-- Table Width Row BEGIN -->
<TR style="font-size: 1pt" valign="bottom">
    <TD width="88%">&nbsp;</TD>	<!-- colindex=01 type=maindata -->
    <TD width="2%">&nbsp;</TD>	<!-- colindex=02 type=gutter -->
    <TD width="1%" align="right">&nbsp;</TD>	<!-- colindex=02 type=lead -->
    <TD width="8%" align="right">&nbsp;</TD>	<!-- colindex=02 type=body -->
    <TD width="1%" align="left">&nbsp;</TD>	<!-- colindex=02 type=hang1 -->
</TR>
<!-- Table Width Row END -->
<TR valign="bottom" style="background: #CCEEFF">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    2009
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    2,974,000
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    2010
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    1,735,000
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    2011
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    505,000
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    2012
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    21,000
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
</TABLE>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">

</DIV>
<A name='265'>
<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">Taxation</FONT></B>
</DIV>
</A>
<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    SM Cayman, its Hong Kong and PRC subsidiaries and its
    consolidated variable interest entities file separate income tax
    returns.
</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 2%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><I><FONT style="font-family: 'Times New Roman', Times">The
    Cayman Islands and Hong Kong</FONT></I></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Under the current laws of the Cayman Islands, SM Cayman is not
    subject to income or capital gains taxes. In addition, dividend
    payments are not subject to withholding tax. There are no other
    taxes likely to be material to SearchMedia levied by the
    government of the Cayman Islands, except for stamp duties that
    may be applicable on instruments executed in, or after execution
    brought within the jurisdiction of, the Cayman Islands. The
    Cayman Islands is not a party to any double taxation treaties.
    There are no exchange control regulations or currency
    restrictions in the Cayman Islands.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    SearchMedia&#146;s subsidiaries incorporated in Hong Kong,
    Ad-Icon Company Limited and Great Talent Holdings Limited, are
    subject to a profits tax rate of 16.5% of their assessable
    profits for the tax year 2008. Payment of dividends is not
    subject to withholding tax in Hong Kong. Interest derived from
    deposits placed in Hong Kong with authorized institutions is
    exempted from the Hong Kong profits tax.
</DIV>

<P align="center" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <BR>
    191
</DIV><!-- END PAGE WIDTH -->
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<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>

<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->

<DIV align="left" style="margin-left: 2%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><I><FONT style="font-family: 'Times New Roman', Times">People&#146;s
    Republic of China</FONT></I></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Pursuant to the applicable PRC tax laws, prior to
    January&#160;1, 2008, companies established in China were
    generally subject to a state and local enterprise income tax, or
    EIT, at statutory rates of 30% and 3%, respectively. During the
    tax year ended December&#160;31, 2007, Jieli Consulting and
    Jingli Shanghai were subject to an income tax rate of 33%.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    During the tax year ended December&#160;31, 2007, Sige was
    subject to income tax rate on a special concessionary rate of
    3.3% of its advertising revenues (less approved deductions),
    Dale was subject to income tax at a preferential tax rate of 15%
    on its assessable profits, and Conghui was subject to income tax
    at 33% on its assessable profits.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    On March&#160;16, 2007, the National People&#146;s Congress
    adopted the new PRC Enterprise Income Tax Law, or the EIT Law,
    which became effective from January&#160;1, 2008 and replaced
    the separate income tax laws for domestic enterprises and
    foreign-invested enterprises by adopting a unified income tax
    rate of 25% for most enterprises. In addition, on
    December&#160;6, 2007, the State Council issued the
    Implementation Rules for the EIT Law, which became effective
    simultaneously with the EIT Law. On December&#160;26, 2007, the
    State Council issued the Notice on Implementation of Enterprise
    Income Tax Transition Preferential Policy under the EIT Law, or
    the Transition Preferential Policy Circular, which became
    effective upon promulgation. Under these regulations, the PRC
    government revoked many of the then existing tax exemption,
    reduction and preferential treatments, but permit companies to
    continue to enjoy their existing preferential tax treatments for
    the remainder of the preferential periods, subject to
    transitional rules as stipulated in the Transition Preferential
    Policy Circular. Since January&#160;1, 2008, SearchMedia&#146;s
    PRC subsidiaries, Jieli Consulting and Jieli Network, and Jingli
    Shanghai and its subsidiaries have been subject to an income tax
    rate of 25%, except that the applicable tax rates for Shenzhen
    Dale, which was taxed at the preferential rate of 15% in the tax
    year ended December&#160;31, 2007, is 18%, 20%, 22%, 24% and 25%
    for the tax years ended December&#160;31, 2008, 2009, 2010, 2011
    and 2012, respectively.
</DIV>
<A name='266'>
<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">Critical
    Accounting Policies</FONT></B>
</DIV>
</A>
<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    SearchMedia prepares its consolidated financial statements in
    accordance with U.S.&#160;GAAP, which requires SearchMedia to
    make judgments, estimates and assumptions that affect
    (i)&#160;the reported amounts of assets and liabilities,
    (ii)&#160;disclosure of contingent assets and liabilities at the
    end of each reporting period and (iii)&#160;the reported amounts
    of revenues and expenses during each reporting period.
    SearchMedia continually evaluates these estimates and
    assumptions based on historical experience, knowledge and
    assessment of current business and other conditions,
    expectations regarding the future based on available information
    and reasonable assumptions, which together form a basis for
    making judgments about matters not readily apparent from other
    sources. Since the use of estimates is an integral component of
    the financial reporting process, actual results could differ
    from those estimates. Some of SearchMedia&#146;s accounting
    policies require higher degrees of judgment than others in their
    application. SearchMedia considers the policies discussed below
    to be critical to an understanding of its financial statements
    as their application places the most significant demands on the
    judgment of SearchMedia&#146;s management.
</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 2%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><I><FONT style="font-family: 'Times New Roman', Times">Significant
    Factors, Assumptions and Methodologies Used In Determining the
    Fair Value of Series&#160;A , Series&#160;B and Series&#160;C
    Preferred Shares and Related Detachable Warrants</FONT></I></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    In June 2007, SM Cayman issued 10,000,000 Series&#160;A
    convertible preferred shares, or Series&#160;A Shares, and
    warrants to purchase 10,000,000 additional Series&#160;A
    convertible preferred shares at an exercise price of $0.10 per
    share to a third party investor for a total cash consideration
    of $1&#160;million. The gross proceeds of $1&#160;million were
    allocated to the Series&#160;A convertible preferred shares and
    Series&#160;A Warrants on a relative fair value basis. In August
    2007, SM Cayman issued 36,363,635 Series&#160;B redeemable
    convertible preferred shares, or Series&#160;B Shares, and
    warrants to purchase 5,000,000 ordinary shares of SM Cayman at
    an exercise price of $0.55 per share, or Series&#160;B Warrants,
    to two investors (one being an existing Series&#160;A preferred
    shareholder) for a total cash consideration of $20&#160;million.
    The gross proceeds of $20&#160;million were allocated to the
    Series&#160;B redeemable convertible preferred shares and
    Series&#160;B Warrants on a relative fair value basis. In May
    2008, SM
</DIV>

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    <BR>
    192
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<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Cayman issued 3,802,281 Series&#160;C redeemable convertible
    preferred shares, or Series&#160;C Shares, to two third party
    investors for a total cash consideration of $10&#160;million.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    SearchMedia determined that there was no embedded beneficial
    conversion feature attributable to any of the Series&#160;A
    Shares, Series&#160;B Shares and Series&#160;C Shares at the
    respective commitment dates, since the respective effective
    conversion price of the Series&#160;A Shares, Series&#160;B
    Shares and Series&#160;C Shares was greater than the estimated
    fair value of SM Cayman&#146;s ordinary shares as of each
    commitment date.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    In determining the fair value of the preferred shares, ordinary
    shares and detachable warrants, SM Cayman considered the
    guidance prescribed by the AICPA Audit and Accounting Practice
    Aid &#147;Valuation of Privately-Held-Company Equity Securities
    Issued as Compensation,&#148; or Practice Aid. The stand-alone
    fair value of Series&#160;A and Series&#160;B preferred shares
    that were issued with detachable warrants was determined based
    on a retrospective valuation using Black-Scholes Options Pricing
    Model with the assistance of an independent valuation firm,
    Jones Lang LaSalle Sallmanns. The following describes the
    methodology and major assumptions used by SM Cayman for such
    valuation.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Since SM Cayman&#146;s capital structure is comprised of
    preferred shares and ordinary shares at each measurement date,
    SM Cayman allocated its equity value between each class of
    equity using an option pricing method. The option pricing method
    treats ordinary shares and preferred shares as call options on
    the equity value, with exercise prices based on the liquidation
    preference of the preferred shares.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    In determining SearchMedia&#146;s equity value at each
    measurement date, it calculated SM Cayman&#146;s equity value by
    using the income approach, i.e., discounted cash flow method.
    Under the income approach, SM Cayman utilized a discounted cash
    flow analysis based on its projected cash flows from 2008
    through 2012. SM Cayman used a weighted average cost of capital,
    or WACC, of 23.4%, 14.2% and 14.7% as of the respective
    measurement date of Series&#160;A Shares, Series&#160;B Shares
    and Series&#160;C Shares, based on the WACC of the guideline
    companies. SM Cayman also applied DLOM of 11.6%, 22.2% and 17.7%
    as of the respective measurement date of Series&#160;A Shares,
    Series&#160;B Shares and Series&#160;C Shares to reflect the
    fact that there is no ready market for shares in a closely held
    company such as SearchMedia. The expected volatility and the
    expected initial public offering, or IPO, date are key
    assumptions in determining the DLOM. Because ownership interests
    in closely held companies are typically not readily marketable
    compared to similar public companies, SearchMedia&#146;s
    management believes a share in a privately held company is
    usually worth less than an otherwise comparable share in a
    publicly held company and therefore applied a DLOM of the
    privately held shares. When determining the DLOM, the
    Black-Scholes option model was used. Under option pricing
    method, the cost of the put option, which can hedge the price
    change before the privately held shares can be sold, was
    considered as a basis to determine the DLOM. The option pricing
    method was used because this method takes into account certain
    company-specific factors, including the size of
    SearchMedia&#146;s business and volatility of the share price of
    comparable companies engaged in the same industry. The fair
    value of the Series&#160;A Shares, Series&#160;B Shares and
    Series&#160;C Shares will increase along with a decrease in
    WACC, DLOM and the expected volatility, and the fair value of
    such shares will decrease when the expected IPO date is further
    away from the measurement date.
</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 2%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><I><FONT style="font-family: 'Times New Roman', Times">Significant
    Factors, Assumptions and Methodologies Used In Determining the
    Fair Value of Convertible Notes and Warrants</FONT></I></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    In March 2008, SM Cayman issued convertible promissory notes, or
    the Notes, to two investors (one being an existing Series&#160;A
    preferred shareholder) for a total cash consideration of
    $12&#160;million. The investors of the Notes had the right to
    convert the principal amount of the Notes plus any accrued and
    unpaid interest into SM Cayman&#146;s equity securities issued
    and sold before maturity of the Notes, or the Next Equity
    Financing, at a conversion price equals to 80% of the Next
    Equity Financing issue price.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    SM Cayman also granted the Notes investors warrants to purchase
    SM Cayman&#146;s equity securities issued at the Next Equity
    Financing at an exercise price of 80% of the Next Equity
    Financing issue price, or the Note Warrants. The Note Warrants
    have an exercise period of three years commencing March&#160;17,
    2008. The number of equity securities issuable under the Note
    Warrants is equal to (a)&#160;25% of the original principal
    amount of the Notes issued, or $3 million, divided by
    (b)&#160;80% of the actual purchase price per share of the
</DIV>

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    <BR>
    193
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<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Next Equity Financing of SM Cayman subsequent to the issuance of
    convertible notes and warrants. Since Series&#160;C Shares, with
    an issuance price of $2.63 per share, were issued subsequent to
    the issuance of the convertible notes and warrants, the purchase
    price has been determined to be $2.104 per share. The gross
    proceeds of $12&#160;million were first allocated to the fair
    value of the Note Warrants amounting to $2.1&#160;million, which
    is recorded in accrued expenses and other payables. The
    remaining balance of gross proceeds of $9.9&#160;million was
    credited to the Notes as a liability. Subsequent to the initial
    recognition, the Notes&#146; beneficial conversion feature of
    $5.1&#160;million was recognized as an additional Note discount
    with a corresponding credit to additional paid-in capital on
    May&#160;30, 2008, the date of issuance of Series&#160;C Shares.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    The fair value of the Notes, its Notes&#146; beneficial
    conversion feature and the Note Warrants are measured by using
    Binomial Tree option-pricing model. The key assumptions and
    parameters include risk free interest rate, volatility and
    dividend yield. The fair value of convertible notes and warrants
    will increase along with an increase in risk free interest rate
    and excepted volatility and a decrease in expected dividend
    yield.
</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 2%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><I><FONT style="font-family: 'Times New Roman', Times">Significant
    Factors, Assumptions and Methodologies Used In Determining the
    Fair Value of Share Options and Restricted Share
    Awards</FONT></I></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    SM Cayman accounts for share-based compensation in accordance
    with SFAS&#160;No.&#160;123R, under which it is required to
    measure the fair value of employees share options on the date of
    the option grant, and recognize shared-based compensation
    expense in its consolidated income statements over the period
    during which an employee is required to provide service in
    exchange for the award, which is generally the vesting period.
    See &#147;&#151;&#160;Share-Based Compensation.&#148;
</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 2%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><I><FONT style="font-family: 'Times New Roman', Times">Allowance
    for Doubtful Accounts</FONT></I></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    The allowance for doubtful accounts is management&#146;s best
    estimate of the amount of probable credit losses in
    SearchMedia&#146;s existing accounts receivable. Management
    determines the allowance based on historical write-off
    experience and analysis of customer specific facts and
    circumstances, including any known or potential collection
    issues. If circumstances relating to specific customer change,
    management&#146;s estimate of the recoverability of accounts
    receivable could be further adjusted.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<TABLE border="0" width="100%" align="center" cellpadding="0" cellspacing="0" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
<!-- Table Width Row BEGIN -->
<TR style="font-size: 1pt" valign="bottom">
    <TD width="58%">&nbsp;</TD>	<!-- colindex=01 type=maindata -->
    <TD width="2%">&nbsp;</TD>	<!-- colindex=02 type=gutter -->
    <TD width="1%" align="right">&nbsp;</TD>	<!-- colindex=02 type=lead -->
    <TD width="14%" align="right">&nbsp;</TD>	<!-- colindex=02 type=body -->
    <TD width="1%" align="left">&nbsp;</TD>	<!-- colindex=02 type=hang1 -->
    <TD width="3%">&nbsp;</TD>	<!-- colindex=03 type=gutter -->
    <TD width="1%" align="right">&nbsp;</TD>	<!-- colindex=03 type=lead -->
    <TD width="19%" align="right">&nbsp;</TD>	<!-- colindex=03 type=body -->
    <TD width="1%" align="left">&nbsp;</TD>	<!-- colindex=03 type=hang1 -->
</TR>
<!-- Table Width Row END -->
<TR style="font-size: 8pt" valign="bottom" align="center">
<TD nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>For the Period from<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom" align="center">
<TD nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>February&#160;9, 2007 to<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>For the Year<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom" align="center">
<TD nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    <B>December&#160;31, 2007</B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    <B>Ended December&#160;31, 2008</B>
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom" align="center">
<TD nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="6" align="center" valign="bottom">
    <B>($ in thousands)</B>
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR style="line-height: 3pt; font-size: 1pt">
<TD>&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Beginning allowance for doubtful accounts
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    160
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Additions charged to bad debt expense
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    160
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    1,309
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Uncollectible amounts written off
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="font-size: 1pt">
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 20pt">
    <B>Ending allowance for doubtful accounts</B>
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    160
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    <B>1,469</B>
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="font-size: 1pt">
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
</TABLE>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">

</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 2%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><I><FONT style="font-family: 'Times New Roman', Times">Impairment
    of Long-lived Assets</FONT></I></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Long-lived assets, such as property and equipment and intangible
    assets, are reviewed for impairment whenever events or changes
    in circumstances indicate that the carrying amount of an asset
    may not be recoverable. If circumstances require a long-lived
    asset or asset group be tested for possible impairment,
    SearchMedia first compares undiscounted cash flows expected to
    be generated by that asset or asset group to its carrying value.
    If the carrying value of the long-lived asset or asset group is
    not recoverable on an undiscounted cash flow basis, impairment
    is recognized to the extent that the carrying value exceeds its
    fair value. Fair value is determined through various techniques
    including discounted cash flow model, quoted market values and
    third-party independent appraisals, as considered necessary. No
    impairment of long-lived assets was recognized for the period
    from February&#160;9, 2007 (date of inception) through
    December&#160;31, 2007 or for the year ended December&#160;31,
    2008.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Goodwill is tested annually for impairment on each fiscal year
    end date, and is tested for impairment more frequently if events
    and circumstances indicate that the asset might be impaired. In
    performing the goodwill impairment test, SearchMedia determines
    the fair value of each reporting unit using a discounted
</DIV>

<P align="center" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <BR>
    194
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<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    cash flow analysis, which requires significant judgment relating
    to forecast of revenues, operating costs and applicable discount
    rates. SearchMedia uses all readily available information and
    considers historical trends in determining the amount that is
    considered to be reasonable approximation of revenues and
    operating costs for the forecast periods. No impairment of
    goodwill was recognized for the period from February&#160;9,
    2007 (date of inception) through December&#160;31, 2007 or for
    the year ended December&#160;31, 2008.
</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 2%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><I><FONT style="font-family: 'Times New Roman', Times">Depreciation
    and Amortization</FONT></I></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    SearchMedia&#146;s long-lived assets include property and
    equipment, intangible assets such as customer relationships and
    lease agreements, and goodwill. Except for goodwill, SearchMedia
    amortizes its long-lived assets using the straight-line method
    over the estimated useful lives of the assets. SearchMedia
    estimates the useful lives of property and equipment (including
    the salvage values) and intangibles, in order to determine the
    amount of depreciation and amortization expense to be recorded
    during any reporting period. SearchMedia estimates the useful
    lives at the time the Company acquires the assets based on
    historical experience with similar assets as well as anticipated
    technological or other changes. There was no change to the
    estimated useful lives and salvage values in the period from
    February&#160;9, 2007 (date of inception) through
    December&#160;31, 2007 and the year ended December&#160;31, 2008.
</DIV>
<A name='267'>
<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">Results
    of Operations</FONT></B>
</DIV>
</A>
<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    The following table sets forth a summary of SearchMedia&#146;s
    consolidated statements of income and its predecessors&#146;
    respective statements of income for the periods indicated. The
    historical results presented below are not necessarily
    indicative of the results that may be expected for any other
    future period. In SearchMedia&#146;s consolidated financial
    statements, the assets and liabilities of Sige and Dale were
    adjusted to their fair value upon initial consolidation. The
    resulting fair value adjustment and recognition and amortization
    of intangible assets caused incomparability of the
    predecessors&#146; results of operations to those of SearchMedia.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<TABLE border="0" width="100%" align="center" cellpadding="0" cellspacing="0" style="font-size: 9pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
<!-- Table Width Row BEGIN -->
<TR style="font-size: 1pt" valign="bottom">
    <TD width="40%">&nbsp;</TD>	<!-- colindex=01 type=maindata -->
    <TD width="1%">&nbsp;</TD>	<!-- colindex=02 type=gutter -->
    <TD width="1%" align="right">&nbsp;</TD>	<!-- colindex=02 type=lead -->
    <TD width="8%" align="right">&nbsp;</TD>	<!-- colindex=02 type=body -->
    <TD width="1%" align="left">&nbsp;</TD>	<!-- colindex=02 type=hang1 -->
    <TD width="1%">&nbsp;</TD>	<!-- colindex=03 type=gutter -->
    <TD width="1%" align="right">&nbsp;</TD>	<!-- colindex=03 type=lead -->
    <TD width="5%" align="right">&nbsp;</TD>	<!-- colindex=03 type=body -->
    <TD width="1%" align="left">&nbsp;</TD>	<!-- colindex=03 type=hang1 -->
    <TD width="1%">&nbsp;</TD>	<!-- colindex=04 type=gutter -->
    <TD width="1%" align="right">&nbsp;</TD>	<!-- colindex=04 type=lead -->
    <TD width="8%" align="right">&nbsp;</TD>	<!-- colindex=04 type=body -->
    <TD width="1%" align="left">&nbsp;</TD>	<!-- colindex=04 type=hang1 -->
    <TD width="1%">&nbsp;</TD>	<!-- colindex=05 type=gutter -->
    <TD width="1%" align="right">&nbsp;</TD>	<!-- colindex=05 type=lead -->
    <TD width="5%" align="right">&nbsp;</TD>	<!-- colindex=05 type=body -->
    <TD width="1%" align="left">&nbsp;</TD>	<!-- colindex=05 type=hang1 -->
    <TD width="1%">&nbsp;</TD>	<!-- colindex=06 type=gutterleft -->
    <TD width="1%">&nbsp;</TD>	<!-- colindex=06 type=gutterright -->
    <TD width="1%" align="right">&nbsp;</TD>	<!-- colindex=06 type=lead -->
    <TD width="7%" align="right">&nbsp;</TD>	<!-- colindex=06 type=body -->
    <TD width="1%" align="left">&nbsp;</TD>	<!-- colindex=06 type=hang1 -->
    <TD width="1%">&nbsp;</TD>	<!-- colindex=07 type=gutter -->
    <TD width="1%" align="right">&nbsp;</TD>	<!-- colindex=07 type=lead -->
    <TD width="8%" align="right">&nbsp;</TD>	<!-- colindex=07 type=body -->
    <TD width="1%" align="left">&nbsp;</TD>	<!-- colindex=07 type=hang1 -->
</TR>
<!-- Table Width Row END -->
<TR style="font-size: 8pt" valign="bottom" align="center">
<TD nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="14" align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    <B>Predecessors</B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom" align="center">
<TD nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="6" align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    <B>Sige</B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="6" align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    <B>Dale</B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="6" align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    <B>SearchMedia</B>
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom" align="center">
<TD nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>January&#160;1,<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>January&#160;1,<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>January&#160;1,<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>January&#160;1,<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>February&#160;9,<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>January&#160;1,<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom" align="center">
<TD nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>2006 to<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>2007 to<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>2006 to<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>2007 to<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>2007 to<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>2008 to<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom" align="center">
<TD nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>December&#160;31,<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>June&#160;3,<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>December&#160;31,<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>June&#160;3,<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>December&#160;31,<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>December&#160;31,<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom" align="center">
<TD nowrap align="center" valign="bottom">
    &nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    <B>2006</B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    <B>2007</B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    <B>2006</B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    <B>2007</B>
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-right: 1px solid #000000; padding-right: 2pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    <B>2007</B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    <B>2008</B>
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom" align="center">
<TD nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="23" align="center" valign="bottom">
    <B>($ in thousands)</B>
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD align="left" valign="bottom">
<DIV style="text-indent: -9pt; margin-left: 9pt">
    Advertising service revenues
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    1,424
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    599
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    1,104
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    745
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD style="border-right: 1px solid #000000; padding-right: 2pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    7,828
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    88,637
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -9pt; margin-left: 9pt">
    Cost of revenues(1)(2)
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    (622
</TD>
<TD nowrap align="left" valign="bottom">
    )
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    (369
</TD>
<TD nowrap align="left" valign="bottom">
    )
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    (387
</TD>
<TD nowrap align="left" valign="bottom">
    )
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    (214
</TD>
<TD nowrap align="left" valign="bottom">
    )
</TD>
<TD style="border-right: 1px solid #000000; padding-right: 2pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    (2,451
</TD>
<TD nowrap align="left" valign="bottom">
    )
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    (46,674
</TD>
<TD nowrap align="left" valign="bottom">
    )
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -9pt; margin-left: 9pt">
    Gross profit
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    802
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    230
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    717
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    531
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD style="border-right: 1px solid #000000; padding-right: 2pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    5,377
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    41,963
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="font-size: 1pt">
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-right: 1px solid #000000; padding-right: 2pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -9pt; margin-left: 9pt">
    Operating expenses:
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD style="border-right: 1px solid #000000; padding-right: 2pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD align="left" valign="bottom">
<DIV style="text-indent: -9pt; margin-left: 18pt">
    Sales and marketing(1)(2)
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    (36
</TD>
<TD nowrap align="left" valign="bottom">
    )
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    (25
</TD>
<TD nowrap align="left" valign="bottom">
    )
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    (176
</TD>
<TD nowrap align="left" valign="bottom">
    )
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    (105
</TD>
<TD nowrap align="left" valign="bottom">
    )
</TD>
<TD style="border-right: 1px solid #000000; padding-right: 2pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    (293
</TD>
<TD nowrap align="left" valign="bottom">
    )
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    (7,397
</TD>
<TD nowrap align="left" valign="bottom">
    )
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -9pt; margin-left: 18pt">
    General and administrative(2)
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    (145
</TD>
<TD nowrap align="left" valign="bottom">
    )
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    (129
</TD>
<TD nowrap align="left" valign="bottom">
    )
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    (172
</TD>
<TD nowrap align="left" valign="bottom">
    )
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    (140
</TD>
<TD nowrap align="left" valign="bottom">
    )
</TD>
<TD style="border-right: 1px solid #000000; padding-right: 2pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    (2,555
</TD>
<TD nowrap align="left" valign="bottom">
    )
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    (11,727
</TD>
<TD nowrap align="left" valign="bottom">
    )
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD align="left" valign="bottom">
<DIV style="text-indent: -9pt; margin-left: 27pt">
    Loss on deconsolidation of variable interest entity
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD style="border-right: 1px solid #000000; padding-right: 2pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    (358
</TD>
<TD nowrap align="left" valign="bottom">
    )
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="font-size: 1pt">
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-right: 1px solid #000000; padding-right: 2pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -9pt; margin-left: 27pt">
    Total operating expenses
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    (181
</TD>
<TD nowrap align="left" valign="bottom">
    )
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    (154
</TD>
<TD nowrap align="left" valign="bottom">
    )
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    (348
</TD>
<TD nowrap align="left" valign="bottom">
    )
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    (245
</TD>
<TD nowrap align="left" valign="bottom">
    )
</TD>
<TD style="border-right: 1px solid #000000; padding-right: 2pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    (3,206
</TD>
<TD nowrap align="left" valign="bottom">
    )
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    (19,124
</TD>
<TD nowrap align="left" valign="bottom">
    )
</TD>
</TR>
<TR valign="bottom" style="font-size: 1pt">
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-right: 1px solid #000000; padding-right: 2pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD align="left" valign="bottom">
<DIV style="text-indent: -9pt; margin-left: 9pt">
    Income from operations
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    621
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    76
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    369
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    286
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD style="border-right: 1px solid #000000; padding-right: 2pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    2,171
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    22,839
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -9pt; margin-left: 18pt">
    Interest income
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD style="border-right: 1px solid #000000; padding-right: 2pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    5
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    131
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -9pt; margin-left: 18pt">
    Interest expense
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD style="border-right: 1px solid #000000; padding-right: 2pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    (43
</TD>
<TD nowrap align="left" valign="bottom">
    )
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    (8,922
</TD>
<TD nowrap align="left" valign="bottom">
    )
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -9pt; margin-left: 18pt">
    Decrease in fair value of note warrant liability
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD style="border-right: 1px solid #000000; padding-right: 2pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    482
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD align="left" valign="bottom">
<DIV style="text-indent: -9pt; margin-left: 18pt">
    Loss on extinguishment of notes
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD style="border-right: 1px solid #000000; padding-right: 2pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    (3,218
</TD>
<TD nowrap align="left" valign="bottom">
    )
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -9pt; margin-left: 18pt">
    Foreign currency exchange loss, net
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD style="border-right: 1px solid #000000; padding-right: 2pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    (35
</TD>
<TD nowrap align="left" valign="bottom">
    )
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    (167
</TD>
<TD nowrap align="left" valign="bottom">
    )
</TD>
</TR>
<TR valign="bottom" style="font-size: 1pt">
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-right: 1px solid #000000; padding-right: 2pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD align="left" valign="bottom">
<DIV style="text-indent: -9pt; margin-left: 9pt">
    Income before income taxes
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    621
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    76
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    369
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    286
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD style="border-right: 1px solid #000000; padding-right: 2pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    2,098
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    11,145
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -9pt; margin-left: 18pt">
    Income taxes expenses
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    (15
</TD>
<TD nowrap align="left" valign="bottom">
    )
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    (21
</TD>
<TD nowrap align="left" valign="bottom">
    )
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    (36
</TD>
<TD nowrap align="left" valign="bottom">
    )
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    (43
</TD>
<TD nowrap align="left" valign="bottom">
    )
</TD>
<TD style="border-right: 1px solid #000000; padding-right: 2pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    (850
</TD>
<TD nowrap align="left" valign="bottom">
    )
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    (6,802
</TD>
<TD nowrap align="left" valign="bottom">
    )
</TD>
</TR>
<TR valign="bottom" style="font-size: 1pt">
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-right: 1px solid #000000; padding-right: 2pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD align="left" valign="bottom">
<DIV style="text-indent: -9pt; margin-left: 18pt">
    Net income (loss)
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    606
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    55
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    333
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    243
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD style="border-right: 1px solid #000000; padding-right: 2pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    1,248
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    4,343
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="font-size: 1pt">
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-right: 1px solid #000000; padding-right: 2pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
</TABLE>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">

</DIV>

<P align="center" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <BR>
    195
</DIV><!-- END PAGE WIDTH -->
<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>

<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->

<TABLE border="0" width="100%" align="center" cellpadding="0" cellspacing="0" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
<!-- Table Width Row BEGIN -->
<TR style="font-size: 1pt" valign="bottom">
    <TD width="39%">&nbsp;</TD>	<!-- colindex=01 type=maindata -->
    <TD width="2%">&nbsp;</TD>	<!-- colindex=02 type=gutter -->
    <TD width="1%" align="right">&nbsp;</TD>	<!-- colindex=02 type=lead -->
    <TD width="8%" align="right">&nbsp;</TD>	<!-- colindex=02 type=body -->
    <TD width="1%" align="left">&nbsp;</TD>	<!-- colindex=02 type=hang1 -->
    <TD width="1%">&nbsp;</TD>	<!-- colindex=03 type=gutter -->
    <TD width="1%" align="right">&nbsp;</TD>	<!-- colindex=03 type=lead -->
    <TD width="5%" align="right">&nbsp;</TD>	<!-- colindex=03 type=body -->
    <TD width="1%" align="left">&nbsp;</TD>	<!-- colindex=03 type=hang1 -->
    <TD width="1%">&nbsp;</TD>	<!-- colindex=04 type=gutter -->
    <TD width="1%" align="right">&nbsp;</TD>	<!-- colindex=04 type=lead -->
    <TD width="8%" align="right">&nbsp;</TD>	<!-- colindex=04 type=body -->
    <TD width="1%" align="left">&nbsp;</TD>	<!-- colindex=04 type=hang1 -->
    <TD width="1%">&nbsp;</TD>	<!-- colindex=05 type=gutter -->
    <TD width="1%" align="right">&nbsp;</TD>	<!-- colindex=05 type=lead -->
    <TD width="5%" align="right">&nbsp;</TD>	<!-- colindex=05 type=body -->
    <TD width="1%" align="left">&nbsp;</TD>	<!-- colindex=05 type=hang1 -->
    <TD width="1%">&nbsp;</TD>	<!-- colindex=06 type=gutterleft -->
    <TD width="1%">&nbsp;</TD>	<!-- colindex=06 type=gutterright -->
    <TD width="1%" align="right">&nbsp;</TD>	<!-- colindex=06 type=lead -->
    <TD width="7%" align="right">&nbsp;</TD>	<!-- colindex=06 type=body -->
    <TD width="1%" align="left">&nbsp;</TD>	<!-- colindex=06 type=hang1 -->
    <TD width="1%">&nbsp;</TD>	<!-- colindex=07 type=gutter -->
    <TD width="1%" align="right">&nbsp;</TD>	<!-- colindex=07 type=lead -->
    <TD width="8%" align="right">&nbsp;</TD>	<!-- colindex=07 type=body -->
    <TD width="1%" align="left">&nbsp;</TD>	<!-- colindex=07 type=hang1 -->
</TR>
<!-- Table Width Row END -->
<TR style="font-size: 8pt" valign="bottom" align="center">
<TD nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="14" align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    <B>Predecessors</B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom" align="center">
<TD nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="6" align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    <B>Sige</B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="6" align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    <B>Dale</B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="6" align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    <B>SearchMedia</B>
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom" align="center">
<TD nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>January&#160;1,<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>January&#160;1,<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>January&#160;1,<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>January&#160;1,<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>February&#160;9,<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>January&#160;1,<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom" align="center">
<TD nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>2006 to<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>2007 to<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>2006 to<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>2007 to<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>2007 to<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>2008 to<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom" align="center">
<TD nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>December&#160;31,<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>June&#160;3,<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>December&#160;31,<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>June&#160;3,<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>December&#160;31,<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>December&#160;31,<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom" align="center">
<TD nowrap align="center" valign="bottom">
    &nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    <B>2006</B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    <B>2007</B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    <B>2006</B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    <B>2007</B>
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-right: 1px solid #000000; padding-right: 2pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    <B>2007</B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    <B>2008</B>
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom" align="center">
<TD nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="23" align="center" valign="bottom">
    <B>($ in thousands)</B>
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    (1) Include amortization expenses of intangibles as follows
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD style="border-right: 1px solid #000000; padding-right: 2pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 20pt">
    Cost of revenues
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD style="border-right: 1px solid #000000; padding-right: 2pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    132
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    1,756
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 20pt">
    Sales and marketing
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD style="border-right: 1px solid #000000; padding-right: 2pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    86
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    1,709
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    (2) Include share-based compensation expenses as follows
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD style="border-right: 1px solid #000000; padding-right: 2pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 20pt">
    Cost of revenues
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD style="border-right: 1px solid #000000; padding-right: 2pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    56
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 20pt">
    Sales and marketing
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD style="border-right: 1px solid #000000; padding-right: 2pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    68
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 20pt">
    General and administrative
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD style="border-right: 1px solid #000000; padding-right: 2pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    2,230
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
</TABLE>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">

</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 2%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><I><FONT style="font-family: 'Times New Roman', Times">Comparison
    of SearchMedia&#146;s Consolidated Results of Operations for the
    Year Ended December&#160;31, 2008 Against the Period from
    February&#160;9, 2007 (Date of Inception) through
    December&#160;31, 2007</FONT></I></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <I>Revenues.</I>&#160;&#160;Revenues increased from
    $7.8&#160;million for the period from February&#160;9, 2007 to
    December&#160;31, 2007 to $88.6&#160;million for the year ended
    December&#160;31, 2008, due primarily to rapid organic growth
    and acquisitions. Of this $80.8&#160;million in increased
    revenues, 30% was attributable to organic growth and 70% was
    attributable to the acquisitions. Out of these acquired
    businesses, Beijing Youluo Advertising Co., Ltd. and Shanghai
    Haiya Advertising Co., Ltd. accounted for approximately 33% and
    11%, respectively, of SearchMedia&#146;s revenues for the year
    ended December&#160;31, 2008. The increase in SearchMedia&#146;s
    revenues was attributable to both the increased number of
    contracts entered into with clients and the increased average
    revenues per contract. The total number of sales contracts
    increased from 202 for the period from February&#160;9, 2007 to
    December&#160;31, 2007 to 1,493 for the year ended
    December&#160;31, 2008. The average revenues per contract
    increased from $38,752 for the period from February&#160;9, 2007
    to December&#160;31, 2007 to $59,368 for the year ended
    December&#160;31, 2008. The increase in SearchMedia&#146;s
    revenues was also due to the shorter consolidation period from
    February&#160;9, 2007 to December&#160;31, 2007, which reflected
    only the revenues of SearchMedia&#146;s consolidated variable
    interest entities from June&#160;4, 2007 to December&#160;31,
    2007.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <I>Cost of revenues.</I>&#160;&#160;The total cost of revenues
    increased from $2.5&#160;million for the period from
    February&#160;9, 2007 to December&#160;31, 2007 to
    $46.7&#160;million for the year ended December&#160;31, 2008.
    The costs of revenues for both the periods primarily consisted
    of leasing cost SearchMedia paid to site owners and managers,
    and the increase of such leasing cost from $1.4&#160;million in
    the period from February&#160;9, 2007 to December&#160;31, 2007
    to $38.0&#160;million was primarily due to the expansion of the
    media network. The increase was also attributable to the shorter
    consolidation period from February&#160;9, 2007 to
    December&#160;31, 2007. The cost of revenues as a percentage of
    revenues was 52.7% for the year ended December&#160;31, 2008,
    which was higher than the 31.3% in the period from
    February&#160;9, 2007 to December&#160;31, 2007, partly due to
    changes in the mix of service offerings and partly due to the
    development cost associated with SearchMedia&#146;s aggressive
    network expansion. SearchMedia does not expect the increase in
    cost of revenues as a percentage of revenues to persist as it
    expects its mix of service offerings will stabilize.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <I>Operating expenses.</I>&#160;&#160;The total operating
    expenses increased from $3.2&#160;million for the period from
    February&#160;9, 2007 to December&#160;31, 2007 to
    $19.1&#160;million for the year ended December&#160;31, 2008:
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="4%"></TD>
    <TD width="2%"></TD>
    <TD width="94%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    <I>Sales and marketing expenses.</I>&#160;&#160;The sales and
    marketing expenses increased from $0.3&#160;million, or 9.1% of
    total operating expenses, for the period from February&#160;9,
    2007 to December&#160;31, 2007, to $7.4&#160;million, or 38.7%
    of the total operating expenses for the year ended
    December&#160;31, 2008. The $0.3&#160;million in sales and
    marketing expense for the period from February&#160;9, 2007 to
    December&#160;31, 2007 primarily consisted of amortization of
    intangible assets relating to lease agreements of
    $0.1&#160;million, and expenses of $0.1&#160;million for
    marketing and promotion, whereas the $7.4&#160;million in
</TD>
</TR>

</TABLE>

<P align="center" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <BR>
    196
</DIV><!-- END PAGE WIDTH -->
<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>

<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="4%"></TD>
    <TD width="2%"></TD>
    <TD width="94%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>
</TD>
    <TD align="left">
    sales and marketing expense for the year ended December&#160;31,
    2008 primarily consisted of expenses of $2.9&#160;million for
    marketing and promotion, amortization of intangible assets
    relating to customer relationship of $1.7&#160;million and sales
    commissions of $1.1&#160;million. Thus, the increase in sales
    and marketing expenses was primarily due to increased staff
    costs associated with the expansion of SearchMedia&#146;s sales
    force as its markets and revenues grew.
</TD>
</TR>

</TABLE>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="4%"></TD>
    <TD width="2%"></TD>
    <TD width="94%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    <I>General and administrative expenses.</I>&#160;&#160;The
    general and administrative expenses increased from
    $2.6&#160;million, or 79.7% of total operating expenses for the
    period from February&#160;9, 2007 to December&#160;31, 2007, to
    $11.7&#160;million, or 61.3% of the total operating expenses for
    the year ended December&#160;31, 2008. The $2.6&#160;million in
    general and administrative expense for the period from
    February&#160;9, 2007 to December&#160;31, 2007 primarily
    consisted of salaries and benefits for the management and
    administrative personnel of $1.2&#160;million, traveling and
    entertainment expenses of $0.6&#160;million and bad debt expense
    of $0.3&#160;million, whereas the $11.7&#160;million in general
    and administrative expense for the year ended December&#160;31,
    2008 primarily consisted of salaries and benefits for the
    management and administrative personnel of $3.1&#160;million,
    share-based compensation of $2.2&#160;million, rental and
    utility expenses of $1.7&#160;million and bad debt expense of
    $1.3&#160;million. Thus, the increase was primarily as a result
    of increased staff costs associated with new hire of senior
    administrative managers and also share-based compensation
    granted to management and administrative personnel.
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    <I>Loss on deconsolidation of a variable interest
    entity.</I>&#160;&#160; There was a loss on deconsolidation of a
    variable interest entity of $0.4&#160;million for the period
    from February&#160;9, 2007 to December&#160;31, 2007, compared
    to $nil for the year ended December&#160;31, 2008. This loss was
    recorded as a result of termination of the contractual
    arrangements between Jieli Consulting and Conghui in October
    2007, and represented the carrying value of net assets
    deconsolidated.
</TD>
</TR>

</TABLE>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <I>Interest expense.</I>&#160;&#160;The interest expense
    increased substantially from $43,000 for the period from
    February&#160;9, 2007 to December&#160;31, 2007 to
    $8.9&#160;million for the year ended December&#160;31, 2008. The
    $43,000 interest expense comprised bank loan interest whereas
    the $8.9&#160;million interest expense largely comprised the
    $7.2&#160;million amortization of convertible promissory notes
    discount and $720,000 convertible promissory notes interest.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <I>Loss on extinguishment of the notes.</I>&#160;&#160;On
    September&#160;17, 2008, certain convertible promissory notes
    issued by SearchMedia in March 2008 were cancelled by the
    holder. The notes, with a principal sum of $10&#160;million plus
    accrued interest of $600,000 and all the related conversion
    rights, were cancelled in exchange for a new promissory note
    with a principal sum of $15&#160;million, which bears interest
    at 12% per annum and has no conversion right. As a result of the
    cancellation of the convertible promissory notes in exchange for
    the new promissory note, the intrinsic value of the contingent
    beneficial conversion feature of the convertible promissory
    notes of $1.2&#160;million was charged to additional paid-in
    capital and a loss on extinguishment of the convertible
    promissory notes of $3.2&#160;million was recognized in the
    statement of income for the year ended December&#160;31, 2008,
    which represented the difference between the carrying value of
    the new promissory note of $15&#160;million and the sum of the
    carrying value of the convertible promissory notes of
    $10&#160;million, related accrued interest of $0.6&#160;million
    and the intrinsic value of the contingent beneficial conversion
    feature of the convertible promissory notes of
    $1.2&#160;million. There was no extinguishment of notes for the
    period from February&#160;9, 2007 to December&#160;31, 2007.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <I>Income tax expense.</I>&#160;&#160;The income tax expense
    increased substantially from $0.9&#160;million for the period
    from February&#160;9, 2007 to December&#160;31, 2007 to
    $6.8&#160;million for the year ended December&#160;31, 2008. For
    the period from February&#160;9, 2007 to December&#160;31, 2007,
    the effective tax rate was 40.5%, compared to the effective tax
    rate and PRC statutory tax rate of 33%, primarily due to the
    deferred tax assets in respect of tax loss carryforward of a
    subsidiary, and non-deductible loss on deconsolidation of
    Conghui and other non-deductible operating expenses. For the
    year ended December&#160;31, 2008, the effective tax rate was
    61.0%, compared to the PRC statutory tax rate of 25%, primarily
    due to the fact that SM Cayman&#146;s administrative and
    interest expenses and certain operating expenses of its
    consolidated variable interest entities were not deductible for
    income tax purposes.
</DIV>

<P align="center" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <BR>
    197
</DIV><!-- END PAGE WIDTH -->
<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>

<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <I>Net income.</I>&#160;&#160;As a result of the foregoing,
    SearchMedia had a net income of $4.3&#160;million for the year
    ended December&#160;31, 2008, compared to a net income of
    $1.2&#160;million for the period from February&#160;9, 2007 to
    December&#160;31, 2007.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <B>Due to a lack of comparable periods, the following
    discussions and analyses of Sige and Dale compare these
    entities&#146; results of operations for the period from
    January&#160;1, 2007 to June&#160;3, 2007 against those for the
    year ended December&#160;31, 2006. Due to a difference in length
    of the comparing period, the financial performance of Sige and
    Dale for the periods indicated may not be comparable.</B>
</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 2%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><I><FONT style="font-family: 'Times New Roman', Times">Comparison
    of Sige&#146;s Results of Operations For the Period from
    January&#160;1, 2007 to June&#160;3, 2007 Against the Year Ended
    December&#160;31, 2006</FONT></I></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <I>Revenues.</I>&#160;&#160;Sige&#146;s advertising service
    revenues decreased from $1.4&#160;million in 2006 to
    $0.6&#160;million for the period from January&#160;1, 2007 to
    June&#160;3, 2007. This decrease was primarily due to the
    shorter duration of the period in 2007.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <I>Cost of revenues.</I>&#160;&#160;Sige&#146;s cost of revenues
    decreased from $0.6&#160;million in 2006 to $0.4&#160;million
    for the period from January&#160;1, 2007 to June&#160;3, 2007.
    Cost of revenues as a percentage of its revenues increased from
    43.7% in 2006 to 61.6% for the period from January&#160;1, 2007
    to June&#160;3, 2007. This increase in cost of revenues as a
    percentage of its revenues was primarily due to increased
    operating lease costs associated with network expansion in the
    2007 period.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <I>Operating expenses.</I>&#160;&#160;Sige&#146;s total
    operating expenses, which comprise sales and marketing expenses
    and general and administrative expenses, decreased from $181,000
    in 2006 to $154,000 for the period from January&#160;1, 2007 to
    June&#160;3, 2007:
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="4%"></TD>
    <TD width="2%"></TD>
    <TD width="94%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    <I>Sales and marketing expenses.</I>&#160;&#160;Sige&#146;s
    sales and marketing expenses decreased from $36,000, or 19.9% as
    a percentage of total operating expenses in 2006, to $25,000, or
    16.2% as a percentage of total operating expenses for the period
    from January&#160;1, 2007 to June&#160;3, 2007. The decrease in
    sales and marketing expenses as a percentage of total operating
    expenses was mainly due to less promotion expenses in the 2007
    period.
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    <I>General and administrative
    expenses.</I>&#160;&#160;Sige&#146;s general and administrative
    expenses decreased from $145,000 in 2006 to $129,000 for the
    period from January&#160;1, 2007 to June&#160;3, 2007. General
    and administrative expenses as a percentage of total operating
    expenses increased from 80.1% in 2006 to 83.8% for the period
    from January&#160;1, 2007 to June&#160;3, 2007. This increase in
    general and administrative expenses as a percentage of total
    operating expenses was mainly due to increased staff costs
    associated with recruitment of administrative personnel in the
    2007 period.
</TD>
</TR>

</TABLE>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <I>Income tax expense.</I>&#160;&#160;Despite a decrease in
    revenues from 2006 to the period from January&#160;1, 2007 to
    June&#160;3, 2007, Sige&#146;s income tax expense increased from
    $15,000 in 2006 to $21,000 for the period from January&#160;1,
    2007 to June&#160;3, 2007, and its effective tax rate increased
    from 2.4% in 2006 to 27.6% for the period from January&#160;1,
    2007 to June&#160;3, 2007. This increase in effective tax rate
    was attributable to fewer approved deductions for the period
    from January&#160;1, 2007 to June&#160;3, 2007 since Sige was
    subject to PRC enterprise income at a special concessionary tax
    rate of 3.3% of its advertising revenues less approved
    deductions.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <I>Net income.</I>&#160;&#160;As a result of the foregoing, Sige
    had a net income of $55,000 for the period from January&#160;1,
    2007 to June&#160;3, 2007, decreased from $0.6&#160;million in
    2006.
</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 2%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><I><FONT style="font-family: 'Times New Roman', Times">Comparison
    of Dale&#146;s Results of Operations For the Period from
    January&#160;1, 2007 to June&#160;3, 2007 Against the Year Ended
    December&#160;31, 2006</FONT></I></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <I>Revenues.</I>&#160;&#160;Dale&#146;s advertising service
    revenues decreased from $1.1&#160;million in 2006 to
    $0.7&#160;million for the period from January&#160;1, 2007 to
    June&#160;3, 2007. This decrease was primarily due to the
    shorter duration of the period in 2007.
</DIV>

<P align="center" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <BR>
    198
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<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>

<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <I>Cost of revenues.</I>&#160;&#160;Dale&#146;s cost of revenues
    decreased from $0.4&#160;million, or 35.1% as a percentage of
    its revenues in 2006, to $0.2&#160;million, or 28.7% as a
    percentage of its revenues for the period from January&#160;1,
    2007 to June&#160;3, 2007. The decrease in cost of revenues as a
    percentage of its revenues was primarily due to the higher
    average revenues per contract in the 2007 period.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <I>Operating expenses.</I>&#160;&#160;Dale&#146;s total
    operating expenses, which comprise sales and marketing expenses
    and general and administrative expenses, decreased from $348,000
    in 2006 to $245,000 for the period from January&#160;1, 2007 to
    June&#160;3, 2007:
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="4%"></TD>
    <TD width="2%"></TD>
    <TD width="94%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    <I>Sales and marketing expenses.</I>&#160;&#160;Dale&#146;s
    sales and marketing expenses decreased from $176,000, or 50.6%
    as a percentage of total operating expenses in 2006, to
    $105,000, or 42.9% as a percentage of total operating expenses
    for the period from January&#160;1, 2007 to June&#160;3, 2007.
    The decrease in sales and marketing expenses as a percentage of
    total operating expenses was mainly due to less promotion
    expenses in the 2007 period.
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    <I>General and administrative
    expenses.</I>&#160;&#160;Dale&#146;s general and administrative
    expenses decreased from $172,000 in 2006 to $140,000 for the
    period from January&#160;1, 2007 to June&#160;3, 2007. General
    and administrative expenses as a percentage of total operating
    expenses increased from 49.4% in 2006 to 57.1% for the period
    from January&#160;1, 2007 to June&#160;3, 2007. This increase in
    general and administrative expenses as a percentage of total
    operating expenses was mainly due to increased staff costs
    associated with recruitment of administrative personnel in the
    2007 period.
</TD>
</TR>

</TABLE>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <I>Income tax expense.</I>&#160;&#160;Despite a decrease in
    operating income from 2006 to the period from January&#160;1,
    2007 to June&#160;3, 2007, Dale&#146;s income tax expenses
    increased from $36,000 in 2006 to $43,000 for the period from
    January&#160;1, 2007 to June&#160;3, 2007, and its effective tax
    rate increased from 9.8% in 2006 to 15.0% for the period from
    January&#160;1, 2007 to June&#160;3, 2007. The lower effective
    tax rate in 2006 was due to the effect of an income tax holiday
    of $28,000 in 2006, offset by the non-deductible entertainment
    expenses of $10,000 in 2006.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <I>Net income.</I>&#160;&#160;As a result of the foregoing, Dale
    had a net income of $243,000 for the period from January&#160;1,
    2007 to June&#160;3, 2007, decreased from $333,000 in 2006.
</DIV>
<A name='268'>
<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">Liquidity
    and Capital Resources</FONT></B>
</DIV>
</A>
<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    SearchMedia&#146;s cash and cash equivalents consist of cash on
    hand and bank deposits placed with banks and other financial
    institutions primarily within China. The following table sets
    forth a summary of SearchMedia&#146;s consolidated cash flows
    for the periods indicated:
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<TABLE border="0" width="100%" align="center" cellpadding="0" cellspacing="0" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
<!-- Table Width Row BEGIN -->
<TR style="font-size: 1pt" valign="bottom">
    <TD width="62%">&nbsp;</TD>	<!-- colindex=01 type=maindata -->
    <TD width="2%">&nbsp;</TD>	<!-- colindex=02 type=gutter -->
    <TD width="1%" align="right">&nbsp;</TD>	<!-- colindex=02 type=lead -->
    <TD width="14%" align="right">&nbsp;</TD>	<!-- colindex=02 type=body -->
    <TD width="1%" align="left">&nbsp;</TD>	<!-- colindex=02 type=hang1 -->
    <TD width="3%">&nbsp;</TD>	<!-- colindex=03 type=gutter -->
    <TD width="1%" align="right">&nbsp;</TD>	<!-- colindex=03 type=lead -->
    <TD width="15%" align="right">&nbsp;</TD>	<!-- colindex=03 type=body -->
    <TD width="1%" align="left">&nbsp;</TD>	<!-- colindex=03 type=hang1 -->
</TR>
<!-- Table Width Row END -->
<TR style="font-size: 8pt" valign="bottom" align="center">
<TD nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>For the period from<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom" align="center">
<TD nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>February&#160;9, 2007 to<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>For the Year<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom" align="center">
<TD nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>December&#160;31,<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>Ended December&#160;31,<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom" align="center">
<TD nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    <B>2007</B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    <B>2008</B>
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom" align="center">
<TD nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="6" align="center" valign="bottom">
    <B>($ in thousands)</B>
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR style="line-height: 3pt; font-size: 1pt">
<TD>&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Net cash used in operating activities
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    (1,665
</TD>
<TD nowrap align="left" valign="bottom">
    )
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    (3,722
</TD>
<TD nowrap align="left" valign="bottom">
    )
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Net cash used in investing activities
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    (6,370
</TD>
<TD nowrap align="left" valign="bottom">
    )
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    (22,286
</TD>
<TD nowrap align="left" valign="bottom">
    )
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Net cash provided by financing activities
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    14,365
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    25,033
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Net increase (decrease) in cash
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    6,333
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    (618
</TD>
<TD nowrap align="left" valign="bottom">
    )
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Cash at beginning of period
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#150;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    6,333
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Cash at end of period
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    6,333
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    5,715
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
</TABLE>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">

</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    The principal sources of liquidity of SearchMedia have been cash
    generated from financing activities, which consisted of private
    placements and debt financing. SearchMedia requires cash to fund
    its ongoing business needs, particularly earn-out payments for
    past acquisitions in 2008. On March&#160;19, 2009, SearchMedia
    received interim financing of $1.75&#160;million from Frost
    Gamma Investments Trust, Robert Fried, Rao Uppaluri, and others,
    and interim financing of $1.75&#160;million from CSV and members
    of SearchMedia&#146;s management team. In addition, since March
    2009, the sellers of eight of the ten acquired businesses that
    account for over 95% of all the expected earn-out amounts to be
    paid by SearchMedia have signed agreements to permit SearchMedia
    to make the earn-out payments for the year 2010 in such amounts
    and at such time as permitted
</DIV>

<P align="center" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <BR>
    199
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<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>

<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    by SearchMedia&#146;s working capital position, provided that,
    as of the original due date of any such earn-out payment,
    (1)&#160;the reverse capitalization transaction has been
    completed with the combined entity&#146;s securities trading on
    a U.S. stock exchange, (2)&#160;SearchMedia has made the
    earn-out payments for the year 2009 on a timely basis, and
    (3)&#160;the proceeds received by SearchMedia or ID Cayman from
    the reverse capitalization transaction are below
    $40&#160;million. SearchMedia believes that its current cash and
    cash equivalents, anticipated cash flow from operations and net
    proceeds from this merger transaction will be sufficient to meet
    its anticipated cash needs for working capital and capital
    expenditures, including the earn-out payments due and payable,
    for at least the next twelve months. However, SearchMedia&#146;s
    liquidity position and its ability to continue as a going
    concern are dependent upon many events outside of its direct
    control, including, among other things, its ability to
    successfully complete the business combination with Ideation
    with sufficient cash in the trust account after the business
    combination, obtain additional financing from investors, or
    successfully negotiate an extended payment term of the
    promissory notes if the business combination is not completed.
</DIV>

<DIV style="margin-top: 3pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    If the business combination with Ideation were to be
    significantly delayed or terminated, or if the cash available to
    the combined entity in the trust account is nil or limited,
    SearchMedia would need to resort to alternative form of
    financing, which may not be available. The audit report covering
    the consolidated financial statements of SearchMedia as of
    December&#160;31, 2007 and 2008, and for the period from
    February&#160;9, 2007 (inception) to December&#160;31, 2007 and
    the year ended December&#160;31, 2008 contains an explanatory
    paragraph that states that SearchMedia&#146;s inability to
    generate sufficient cash flows to meet its payment obligations
    due to the uncertainty of the approval of a business
    combination, and the uncertainty of raising additional capital,
    among other things, raises substantial doubt about its ability
    to continue as a going concern. The accompanying financial
    statements of SearchMedia do not include any adjustments that
    might result from the outcome of this uncertainty.
</DIV>

<DIV style="margin-top: 3pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    In assessing net proceeds from this transaction, SearchMedia has
    considered that the balance of the trust account may be as low
    as $18.25&#160;million after giving effect to (x)&#160;the
    disbursement of approximately $23.6&#160;million to Ideation
    stockholders upon the exercise of their conversion rights
    (assuming the maximum exercise of such conversion rights), and
    (y)&#160;the settlement of contracts to purchase shares of
    Ideation common stock entered into prior to the closing of the
    business combination by Ideation or its affiliates. SearchMedia
    has also considered that the net amount of the trust account
    that is available to fund&#160;ID Cayman&#146;s working capital
    requirements will be further reduced by additional payments at
    or shortly after the closing of the business combination,
    including: (i)&#160;the payment in cash of $5.0&#160;million of
    the principal amount outstanding under the promissory note
    issued to Linden Ventures, plus all accrued and unpaid interest
    on this promissory note and $20,000 for legal expenses, in
    accordance with the share exchange agreement, (ii)&#160;the
    payment in cash of all accrued and unpaid interest on certain
    other SM Cayman promissory notes, in accordance with the share
    exchange agreement, (iii)&#160;the payment of a deferred
    underwriting fee in the amount of $2.73&#160;million, and
    (iv)&#160;the payment of other transaction costs incurred by
    Ideation and SearchMedia in connection with the redomestication
    and business combination transactions, including accounting,
    legal, consulting and advisory fees and expenses incurred with
    respect to printing, filing, and mailing of the proxy
    statement/prospectus. Finally, SearchMedia has considered its
    material expected obligations in the first 12&#160;months
    following the business combination in its calculation of net
    proceeds from the transaction, including $26.7&#160;million in
    operating lease obligations and the estimated $36.8&#160;million
    to be paid in the first 12&#160;months following the business
    combination to the previous owners of the acquired companies as
    earn-out payments.
</DIV>

<DIV style="margin-top: 3pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    The financial crisis and economic downturns that began in 2008
    could adversely affect SearchMedia&#146;s liquidity position:
    SearchMedia may not succeed if it desires to seek additional
    financing from investors, banks or the capital market as a
    result of the tight credit market and volatile capital market
    under the current market conditions. Its cash from operations
    could also be adversely affected by lower advertising spending
    or longer collection periods of accounts receivable from its
    advertising clients whose liquidity positions may be similarly
    negatively impacted by the financial and economic crises.
</DIV>

<DIV style="margin-top: 9pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 2%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><I><FONT style="font-family: 'Times New Roman', Times">Operating
    Activities</FONT></I></B>
</DIV>

<DIV style="margin-top: 3pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    SearchMedia&#146;s operating cash flows are primarily affected
    by the timing difference between the payment of leasing cost for
    the advertising locations and other operating costs and the cash
    generated from the displays at these locations. SearchMedia
    significantly expanded its advertising network during the period
    since its
</DIV>

<P align="center" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <BR>
    200
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<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    inception in February 2007. When it enters into a new geographic
    market, it generally does not start providing advertising
    services and generate advertising revenues until it has leased a
    sufficient number of display locations in the market. Under many
    leasing contracts, SearchMedia is either required to pay a
    deposit or pay annual, semi-annual or quarterly lease payments
    up front, before it generates revenues. The mismatch between the
    cash outflows and inflows from operations contributed to the net
    cash outflows from operations since SearchMedia&#146;s inception.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Net cash used in operating activities was $3.7&#160;million for
    the year ended December&#160;31, 2008, and was primarily
    attributable to:
</DIV>

<DIV style="margin-top: 3pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (i)&#160;an increase of accounts receivable of
    $30.0&#160;million as a result of increased sales during the
    period that had not been collected by the end of the period,
</DIV>

<DIV style="margin-top: 3pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (ii)&#160;$11.5&#160;million due from related parties, which
    included (x)&#160;$7.1&#160;million due from previous
    shareholders of the acquired companies that had collected
    accounts receivable on behalf of SearchMedia, and
    (y)&#160;$3.7&#160;million receivable from the acquired
    companies for advertising service provided by SearchMedia. By
    June&#160;30, 2009, 75% of the outstanding balance of customer
    payments collected on behalf of SearchMedia has been repaid to
    SearchMedia,&#160;and
</DIV>

<DIV style="margin-top: 3pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (iii)&#160;an increase in prepaid expenses, rental deposits and
    other current assets of $7.7&#160;million as a result of the
    increase in the number of leasing contracts signed in connection
    with the network expansion during the period, as partially
    offset by (x)&#160;an increase in accrued expenses and payables
    of $8.5&#160;million as a result of the increase in business tax
    and surcharges and accrued payroll which were in line with
    SearchMedia&#146;s revenue growth and staff headcount growth,
    (y)&#160;an increase in income taxes payable of
    $8.0&#160;million as a result of an increase in
    SearchMedia&#146;s taxable income, and (z)&#160;an increase in
    accounts payable of $7.2&#160;million as a result of the
    increase in the lease rental commitment as SearchMedia&#146;s
    network rapidly expanded.
</DIV>

<DIV style="margin-top: 3pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Net cash used in operating activities was $1.7&#160;million for
    the period from February&#160;9, 2007 to December&#160;31, 2007,
    and was primarily attributable to (i)&#160;an increase in
    accounts receivable balance of $4.2&#160;million as a result of
    increased sales, and (ii)&#160;an increase in prepaid expenses,
    rental deposits and other current assets of $1.5&#160;million as
    a result of the increase in the number of leasing contracts
    signed in connection with the network expansion, as partially
    offset by a net income of $1.2&#160;million for the period.
</DIV>

<DIV style="margin-top: 9pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 2%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><I><FONT style="font-family: 'Times New Roman', Times">Investing
    Activities</FONT></I></B>
</DIV>

<DIV style="margin-top: 3pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Net cash used in investing activities was $22.3&#160;million for
    the year ended December&#160;31, 2008 and related to (i)&#160;a
    payment of $18.7&#160;million in connection with
    SearchMedia&#146;s acquisition of 12 advertising companies in
    China and Hong Kong, and (ii)&#160;a payment of
    $3.4&#160;million for the purchase of property and equipment in
    connection with SearchMedia&#146;s purchase of digital display
    equipment.
</DIV>

<DIV style="margin-top: 3pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Net cash used in investing activities was $6.4&#160;million for
    the period from February&#160;9, 2007 to December&#160;31, 2007
    and primarily related to (i)&#160;a payment of $4.3&#160;million
    in connection with SearchMedia&#146;s purchase of digital
    advertising display equipment, and (ii)&#160;a payment of
    $2.3&#160;million in cash deposits in connection with
    SearchMedia&#146;s acquisitions.
</DIV>

<DIV style="margin-top: 9pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 2%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><I><FONT style="font-family: 'Times New Roman', Times">Financing
    Activities</FONT></I></B>
</DIV>

<DIV style="margin-top: 3pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Net cash provided by financing activities was $25.0&#160;million
    for the year ended December&#160;31, 2008, and was primarily
    attributable to (i)&#160;the proceeds of $9.3&#160;million and
    $12.0&#160;million from the issuance of Series&#160;C redeemable
    convertible preferred shares and convertible promissory notes
    and warrants, respectively, and (ii)&#160;the release of
    $4.0&#160;million from the amount of restricted cash which was
    used as collateral for bank loans.
</DIV>

<DIV style="margin-top: 3pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Net cash provided by financing activities totaled
    $14.4&#160;million for the period from February&#160;9, 2007 to
    December&#160;31, 2007 and was primarily attributable to
    (i)&#160;the proceeds from the issuance of Series&#160;A Shares
    and Series&#160;B Shares and warrants of $0.9&#160;million and
    $18.5&#160;million, respectively, and (ii)&#160;proceeds from
    bank loans in the amount of $3.4&#160;million, as partially
    offset by (x)&#160;increase of $4.0&#160;million in restricted
    cash that was used as collateral for bank loans, and
    (y)&#160;$3.1&#160;million used in a repurchase of ordinary
    shares.
</DIV>

<P align="center" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <BR>
    201
</DIV><!-- END PAGE WIDTH -->
<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>

<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->
<A name='269'>
<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">Contractual
    Obligations</FONT></B>
</DIV>
</A>
<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    The following table sets forth SearchMedia&#146;s contractual
    obligations as of December&#160;31, 2008:
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<TABLE border="0" width="100%" align="center" cellpadding="0" cellspacing="0" style="font-size: 9pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
<!-- Table Width Row BEGIN -->
<TR style="font-size: 1pt" valign="bottom">
    <TD width="39%">&nbsp;</TD>	<!-- colindex=01 type=maindata -->
    <TD width="2%">&nbsp;</TD>	<!-- colindex=02 type=gutter -->
    <TD width="1%" align="right">&nbsp;</TD>	<!-- colindex=02 type=lead -->
    <TD width="3%" align="right">&nbsp;</TD>	<!-- colindex=02 type=body -->
    <TD width="1%" align="left">&nbsp;</TD>	<!-- colindex=02 type=hang1 -->
    <TD width="3%">&nbsp;</TD>	<!-- colindex=03 type=gutter -->
    <TD width="1%" align="right">&nbsp;</TD>	<!-- colindex=03 type=lead -->
    <TD width="11%" align="right">&nbsp;</TD>	<!-- colindex=03 type=body -->
    <TD width="1%" align="left">&nbsp;</TD>	<!-- colindex=03 type=hang1 -->
    <TD width="3%">&nbsp;</TD>	<!-- colindex=04 type=gutter -->
    <TD width="1%" align="right">&nbsp;</TD>	<!-- colindex=04 type=lead -->
    <TD width="5%" align="right">&nbsp;</TD>	<!-- colindex=04 type=body -->
    <TD width="1%" align="left">&nbsp;</TD>	<!-- colindex=04 type=hang1 -->
    <TD width="3%">&nbsp;</TD>	<!-- colindex=05 type=gutter -->
    <TD width="1%" align="right">&nbsp;</TD>	<!-- colindex=05 type=lead -->
    <TD width="5%" align="right">&nbsp;</TD>	<!-- colindex=05 type=body -->
    <TD width="1%" align="left">&nbsp;</TD>	<!-- colindex=05 type=hang1 -->
    <TD width="3%">&nbsp;</TD>	<!-- colindex=06 type=gutter -->
    <TD width="1%" align="right">&nbsp;</TD>	<!-- colindex=06 type=lead -->
    <TD width="13%" align="right">&nbsp;</TD>	<!-- colindex=06 type=body -->
    <TD width="1%" align="left">&nbsp;</TD>	<!-- colindex=06 type=hang1 -->
</TR>
<!-- Table Width Row END -->
<TR style="font-size: 8pt" valign="bottom" align="center">
<TD nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="18" align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    <B>Payment Due by Period</B>
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom" align="center">
<TD nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    <B>Total</B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    <B>Less than 1&#160;Year</B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    <B>1-3&#160;Years</B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    <B>3-5&#160;Years</B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    <B>More than 5&#160;Years</B>
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom" align="center">
<TD nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="18" align="center" valign="bottom">
    <B>($ in thousands)</B>
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR style="line-height: 3pt; font-size: 1pt">
<TD>&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD align="left" valign="bottom">
<DIV style="text-indent: -9pt; margin-left: 9pt">
    Short-term debt obligations (including interest obligations)(1)
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    16,856
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    16,856
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#150;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#150;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#150;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -9pt; margin-left: 9pt">
    Operating lease obligations(2)
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    43,795
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    26,717
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    17,051
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    27
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#150;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -9pt; margin-left: 9pt">
    Purchase obligations(3)
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    903
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    903
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#150;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#150;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#150;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -9pt; margin-left: 9pt">
    Total
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    61,554
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    44,476
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    17,051
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    27
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#150;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
</TABLE>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">

</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV style="font-size: 1pt; margin-left: 0%; width: 13%;  align: left; border-bottom: 1pt solid #000000"></DIV><!-- callerid=999 iwidth=456 length=60 -->

<DIV style="margin-top: 3pt; font-size: 1pt">&nbsp;</DIV>



<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">

<TR>
    <TD width="2%"></TD>
    <TD width="1%"></TD>
    <TD width="97%"></TD>
</TR>

<TR>
    <TD align="right" valign="top">
    (1) </TD>
    <TD></TD>
    <TD valign="bottom">
    As of December&#160;31, 2008, the short-term debt obligation was
    primarily attributed to a short-term bank loan of US$36,000,
    unsecured promissory notes of US$16,700,000 and an unsecured
    loan of US$120,000 .</TD>
</TR>


<TR style="line-height: 3pt; font-size: 1pt"><TD>&nbsp;</TD></TR>

<TR>
    <TD align="right" valign="top">
    (2) </TD>
    <TD></TD>
    <TD valign="bottom">
    Includes lease obligations for SearchMedia&#146;s office
    premises and display locations.</TD>
</TR>


<TR style="line-height: 3pt; font-size: 1pt"><TD>&nbsp;</TD></TR>

<TR>
    <TD align="right" valign="top">
    (3) </TD>
    <TD></TD>
    <TD valign="bottom">
    Includes obligations to purchase advertising display equipment.</TD>
</TR>

</TABLE>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Since 2008, SearchMedia has rapidly expanded its advertising
    network through the acquisition of the advertising companies in
    China and Hong Kong. See &#147;Information about
    SearchMedia&#160;&#151; Corporate Organization and Operating
    History&#160;&#151; Corporate Organization.&#148; Under the
    acquisition agreements with the previous owners of the acquired
    companies, SearchMedia is obligated to pay earn-out payments
    over the next two to three years. As of the date of this proxy
    statement/prospectus, SearchMedia had made payment of
    approximately $28.7&#160;million to previous owners of the
    acquired companies. SearchMedia estimates that the aggregate
    amount of the earn-out payments will range from $40&#160;million
    to $42&#160;million in the next twelve months from the date of
    this proxy statement/prospectus and from $30&#160;million to
    $58&#160;million over the following two to three years, based on
    the performance of the acquired companies to date and forecast
    for the rest of the earn-out period. Pursuant to the acquisition
    agreements, the actual earn-out payments to be made by
    SearchMedia depend on the financial results achieved by the
    acquired companies.
</DIV>


<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    As of the date of this proxy statement/prospectus,
    SearchMedia&#146;s aggregate indebtedness includes
    $18.5&#160;million, plus accrued and unpaid interest of
    $2.12&#160;million, in promissory notes issued to Linden
    Ventures, Frost Gamma Investment Trust and certain other related
    investors, certain management shareholders and China Seed
    Ventures, L.P. The maturity dates of these loans are subject to
    adjustments upon the occurrence of certain events, including the
    closing of this transaction, and, in any event, will be prior to
    October&#160;30, 2009. The repayment of these loans can be made
    in the form of ID Cayman shares upon the closing of this
    transaction, provided that $5.0&#160;million will be repaid to
    Linden in cash upon closing of this transaction, plus interest
    accrued on the full amount of promissory note to Linden.
</DIV>



<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    As of the date of this proxy statement/prospectus,
    SearchMedia&#146;s aggregate indebtedness also includes
    $1.8&#160;million, plus accrued and unpaid interest of $311,700,
    in demand notes issued to China Seed Ventures, L.P. and one of
    its affiliates. These notes are subordinated to the above
    promissory notes and will not be repaid prior to the repayment
    in full of the promissory notes.
</DIV>

<A name='270'>
<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">Off-Balance
    Sheet Commitments and Arrangements</FONT></B>
</DIV>
</A>
<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    SearchMedia does not have any outstanding off-balance sheet
    guarantees, interest rate swap transactions or foreign currency
    forward contracts. SearchMedia does not engage in trading
    activities involving non-exchange traded contracts. In its
    ongoing business, SearchMedia does not enter into transactions
    involving, or otherwise form relationships with, unconsolidated
    entities or financials partnerships that are established for the
    purpose of facilitating off-balance sheet arrangements or other
    contractually narrow or limited purposes.
</DIV>
<A name='271'>
<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">Holding
    Company Structure</FONT></B>
</DIV>
</A>
<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    SM Cayman is a holding company with no business operations of
    its own. SM Cayman conducts its operations primarily through its
    Hong Kong and PRC subsidiaries and consolidated variable
    interest entities in
</DIV>

<P align="center" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <BR>
    202
</DIV><!-- END PAGE WIDTH -->
<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>

<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    China. SM Cayman has access to the cash and cash equivalents,
    and future earnings of these consolidated variable interest
    entities through agreements that provide SM Cayman with
    effective control of these entities. It receives semi-annual
    fees from these entities in exchange for certain consulting and
    other services provided by Jieli Consulting, SM Cayman&#146;s
    wholly owned subsidiary in the PRC. See &#147;Information about
    SearchMedia&#160;&#151; Corporate Organization and Operating
    History&#160;&#151; Contractual Agreements with Jingli Shanghai
    and its Shareholders.&#148; Under PRC law, each of
    SearchMedia&#146;s PRC subsidiaries and consolidated variable
    interest entitles is required to set aside at least 10% of its
    after-tax profits based on PRC accounting standards each year,
    if any, to a statutory reserve until such reserve reached 50% of
    its registered capital, and each of SearchMedia&#146;s
    subsidiaries with foreign investment is also required to further
    set aside a portion of its after-tax profits to fund the
    employee welfare fund at the discretion of the board. Although
    the statutory reserves can be used, among other ways, to
    increase the registered capital and eliminate future losses in
    excess of retained earnings of the respective companies, the
    reserve funds are not distributable as cash dividends except in
    the event of liquidation of these entities.
</DIV>
<A name='272'>
<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">Quantitative
    and Qualitative Disclosures about Market Risk</FONT></B>
</DIV>
</A>
<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 2%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><I><FONT style="font-family: 'Times New Roman', Times">Foreign
    Exchange Risk</FONT></I></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    The value of the Renminbi against the U.S.&#160;dollar and other
    currencies is affected by, among other things, changes in
    China&#146;s political and economic conditions. Since July 2005,
    the Renminbi has no longer been pegged to the U.S.&#160;dollar.
    Although currently the Renminbi exchange rate versus the
    U.S.&#160;dollar is permitted to fluctuate within a narrow band
    against a basket of certain foreign currencies, the Renminbi may
    appreciate or depreciate significantly in value against the
    U.S.&#160;dollar in the medium to long term. Moreover, it is
    possible that in the future PRC authorities may lift
    restrictions on fluctuations in the Renminbi exchange rate and
    lessen intervention in the foreign exchange market.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Because substantially all of SearchMedia&#146;s earnings and
    cash assets are denominated in Renminbi and the net proceeds
    from this transaction will be denominated in U.S.&#160;dollars,
    fluctuations in the exchange rate between the U.S.&#160;dollar
    and the Renminbi will affect the relative purchasing power of
    these proceeds and SearchMedia&#146;s balance sheet and earnings
    per share in U.S.&#160;dollars following this offering. In
    addition, appreciation or depreciation in the value of the
    Renminbi relative to the U.S.&#160;dollar would affect
    SearchMedia&#146;s financial results reported in
    U.S.&#160;dollar terms without giving effect to any underlying
    change in SearchMedia&#146;s business or results of operations.
    Fluctuations in the exchange rate will also affect the relative
    value of any dividend SearchMedia issues after this offering
    that will be exchanged into U.S.&#160;dollars and earnings from,
    and the value of, any U.S.&#160;dollar-denominated investments
    SearchMedia makes in the future.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    SearchMedia does not believe that it currently has any
    significant foreign currency exchange risk and SearchMedia has
    not entered into any hedging transactions in an effort to reduce
    SearchMedia&#146;s exposure to foreign currency exchange risk.
</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 2%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><I><FONT style="font-family: 'Times New Roman', Times">Interest
    Rate Risk</FONT></I></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    SearchMedia&#146;s exposure to interest rate risk primarily
    relates to the interest income generated by excess cash, which
    is mostly held in interest-bearing bank deposits. If SearchMedia
    borrows money in future periods, SearchMedia may be exposed to
    interest rate risk. SearchMedia does not have any derivative
    financial instruments and believe its exposure to interest rate
    risk and other relevant market risks is not material.
</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 2%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><I><FONT style="font-family: 'Times New Roman', Times">Inflation</FONT></I></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    In recent years, China has not experienced significant
    inflation, and therefore inflation has not had a significant
    effect on SearchMedia&#146;s business. According to the National
    Bureau of Statistics of China, the change in the Consumer Price
    Index in China was 1.5%, 4.8% and 5.9% in 2006, 2007 and 2008
    respectively. If inflation continues to rise, it may materially
    and adversely affect our business.
</DIV>

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    <BR>
    203
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<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->

<DIV align="left" style="margin-left: 2%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><I><FONT style="font-family: 'Times New Roman', Times">Recently
    Issued Accounting Standards</FONT></I></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    In September 2006, the FASB issued SFAS&#160;No.&#160;157,
    &#147;Fair Value Measurements&#148;, which defines fair value,
    provides a framework for measuring fair value, and expands the
    disclosures required for fair value measurements.
    SFAS&#160;No.&#160;157 applies to other accounting
    pronouncements that require fair value measurements and does not
    require any new fair value measurements. SFAS&#160;No.&#160;157
    is effective for fiscal years beginning after November&#160;15,
    2007. The Group is required to adopt SFAS&#160;No.&#160;157
    beginning on January&#160;1, 2008. SFAS&#160;No.&#160;157 is
    required to be applied prospectively, except for certain
    financial instruments. Any transition adjustment will be
    recognized as an adjustment to opening retained earnings in the
    year of adoption. In November 2007, the FASB proposed a one-year
    deferral of SFAS&#160;No. 157&#146;s fair value on a recurring
    basis. SearchMedia does not expect the adoption of
    SFAS&#160;No.&#160;157 will have a material impact on its
    consolidated financial statements.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    In February 2007, the FASB issued SFAS&#160;No.&#160;159,
    &#147;The Fair Value Option for Financial Assets and Financial
    Liabilities&#160;&#151; Including an Amendment of FASB Statement
    No.&#160;115&#148; permits companies to measure certain
    financial instruments and certain other items at fair value. It
    requires that unrealized gains and losses on items for which the
    fair value option has been elected be reported in earnings.
    SFAS&#160;No.&#160;159 is effective for fiscal years beginning
    after November&#160;30, 2007. SearchMedia has elected not to
    adopt the fair value option as permitted under
    SFAS&#160;No.&#160;159.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    In December 2007, the FASB issued SFAS&#160;No.&#160;141
    (Revised) &#147;Business Combinations&#148; and Statement of
    Financial Accounting Standards No.&#160;160, Noncontrolling
    Interests in Consolidated Financial Statements&#160;&#151; an
    amendment to ARB No.&#160;51&#148;. SFAS&#160;No.&#160;141R and
    SFAS&#160;No.&#160;160 require most identifiable assets,
    liabilities, noncontrolling interests and goodwill acquired in a
    business combination to be recorded at &#147;full fair
    value&#148; and require noncontrolling interests (previously
    referred to as minority interests) to be reported as a component
    of equity, which changes the accounting for transactions with
    noncontrolling interest holders. Both statements are effective
    for periods beginning on or after December&#160;15, 2008, and
    earlier adoption is prohibited. SFAS&#160;No.&#160;141R will be
    applied to business combinations occurring after the effective
    date. SFAS&#160;No.&#160;160 will be applied prospectively to
    all noncontrolling interests, including any that arose before
    the effective date. SearchMedia does not expect adoption of
    SFAS&#160;No.&#160;160 to have a material impact on its
    consolidated financial statements.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    In April 2008, the FASB issued FSP
    <FONT style="white-space: nowrap">FAS&#160;No.&#160;142-3</FONT>
    &#147;Determination of the Useful Life of Intangible
    Assets&#148;. FSP
    <FONT style="white-space: nowrap">FAS&#160;No.&#160;142-3</FONT>
    amends the guidance in FASB Statement No.&#160;142 about
    estimating the useful lives of recognized intangible assets, and
    requires additional disclosure related to renewing or extending
    the terms of recognized intangible assets. In estimating the
    useful life of a recognized intangible asset, this FSP requires
    companies to consider their historical experience in renewing or
    extending similar arrangements together with the asset&#146;s
    intended use, regardless of whether the arrangements have
    explicit renewal or extension provisions. In the absence of
    historical experience, companies should consider the assumptions
    market participants would use about renewal or extension
    consistent with the highest and best use of the asset. However,
    market participant assumptions should be adjusted for
    entity-specific factors. FSP
    <FONT style="white-space: nowrap">FAS&#160;No.&#160;142-3</FONT>
    is effective for fiscal years beginning after December&#160;15,
    2008. Early adoption is prohibited. SearchMedia does not expect
    adoption of FSP
    <FONT style="white-space: nowrap">FAS&#160;No.&#160;142-3</FONT>
    to have a material impact on its consolidated financial
    statements.
</DIV>

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    <BR>
    204
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<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->
<A name='273'>
<DIV style="margin-top: 18pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">INFORMATION
    ABOUT IDEATION</FONT></B>
</DIV>
</A>
<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <I>Ideation&#146;s History and Business
    Plans.</I>&#160;&#160;Ideation Acquisition Corp. is a Delaware
    corporation that was incorporated on June&#160;1, 2007 to serve
    as a vehicle for the acquisition of an operating business
    through a merger, capital stock exchange, asset or stock
    acquisition, or other similar business combination. To date,
    Ideation&#146;s efforts have been limited to organizational
    activities, completion of its IPO and the evaluation of possible
    business combinations. Ideation does not currently have any
    operations.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <I>The IPO and Trust&#160;Account.</I>&#160;&#160;The funds held
    in the trust account are not to be released until the earlier of
    the consummation of a business combination or liquidation of
    Ideation. The trust account contained approximately
    $78.8&#160;million as of December&#160;31, 2008. If the
    acquisition is consummated, the trust account, reduced by
    amounts paid to Ideation stockholders who elect to convert their
    shares of common stock into their <I>pro rata </I>share of the
    net funds in the trust account, will be released to ID Cayman
    and will be utilized for acquisitions and operating capital
    subsequent to the closing of the business combination.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <I>Fair Market Value of Target Business.</I>&#160;&#160;Pursuant
    to Ideation&#146;s Amended and Restated Certificate of
    Incorporation, the target business that Ideation acquires or
    merges with must have a fair market value equal to at least 80%
    of Ideation&#146;s net assets at the time of such
    acquisition/merger, determined by the Ideation board of
    directors based on standards generally accepted by the financial
    community, such as actual and potential sales, earnings, cash
    flow and book value. Ideation is not required to obtain, and
    does not intend to obtain, an opinion from an investment banking
    firm as to fair market value, as its board of directors has
    independently determined that the target business has sufficient
    fair market value to meet the 80% test.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <I>Limited Ability to Evaluate the Target Business&#146;
    Management.</I>&#160;&#160;Although Ideation closely examined
    the management of SearchMedia, Ideation cannot assure you that
    its assessment of SearchMedia&#146;s management will prove to be
    correct, or that future management will have the necessary
    skills, qualifications or abilities to manage its business
    successfully. SearchMedia&#146;s current management is expected
    to remain with the combined company, and for the most part is
    expected to run its day-to-day operations.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <I>Stockholder Approval of Business
    Combination.</I>&#160;&#160;Provided that a quorum exists and
    the Redomestication Proposal, Share Increase Proposal,
    Declassification Proposal, Amendment Proposal, Shareholder
    Consent Proposal, Corporate Existence Proposal and Share
    Incentive Plan Proposal are each approved in accordance with
    applicable law, Ideation will proceed with the business
    combination only if (1)&#160;it is approved by a majority of the
    shares of common stock issued in connection with the IPO Shares,
    voted at a duly held stockholders meeting in person or by proxy,
    (2)&#160;it is approved by a majority of the votes cast on the
    proposal, and (3)&#160;stockholders owning less than 30% of the
    IPO Shares both (a)&#160;vote against the business combination
    and (b)&#160;exercise their conversion rights to have their
    shares of common stock converted to cash. Both of the Charter
    Amendment Proposal and the Redomestication Proposal must be
    approved in order to complete the business combination and, as
    such, the vote to approve the business combination will not
    occur unless both the Charter Amendment Proposal and the
    Redomestication Proposal are approved.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <I>Conversion Rights.</I>&#160;&#160;Ideation&#146;s proposed
    business combination with SearchMedia qualifies as a
    &#147;business combination&#148; under Ideation&#146;s Amended
    and Restated Certificate of Incorporation. If the business
    combination is approved and completed, any stockholder holding
    IPO Shares who properly demands conversion of those shares will
    be entitled to convert those shares to cash, whether such
    stockholder voted for or against the Business Combination
    Proposal. Stockholders who properly demand conversion of their
    IPO Shares will receive $7.8815 per share, which represents the
    trust conversion value at June&#160;30, 2009.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    To properly demand conversion of IPO Shares, a stockholder
    holding IPO Shares must:
</DIV>

<DIV style="margin-top: 3pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="8%"></TD>
    <TD width="4%"></TD>
    <TD width="88%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    (1)&#160;
</TD>
    <TD align="left">
    vote those shares either for or against the business combination;
</TD>
</TR>


<TR style="line-height: 3pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    (2)&#160;
</TD>
    <TD align="left">
    affirmatively request conversion of those shares; and
</TD>
</TR>
    <FONT style="font-size: 10pt">
    </FONT>

<TR style="line-height: 3pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    (3)&#160;
</TD>
    <TD align="left">
    follow the other conversion procedures set forth in the section
    titled &#147;The Ideation Special Meeting&#160;&#151; Conversion
    Procedures.&#148;
</TD>
</TR>

</TABLE>

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    <BR>
    205
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<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Stockholders holding IPO Shares who abstain or do not vote their
    IPO Shares on the business combination will forfeit their right
    to convert those shares if the business combination is approved.
    If the business combination is not approved and completed, then
    no conversion rights will be available at this time.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <I>If the Business Combination is Not
    Consummated.</I>&#160;&#160;If Ideation does not redomesticate
    and acquire SearchMedia in the business combination, and is
    unable to consummate an alternate business combination prior to
    November&#160;19, 2009, Ideation will be forced to liquidate and
    distribute to the holders of IPO Shares their <I>pro rata
    </I>portion of the amount of the funds available in the trust
    account, which amount at June&#160;30, 2009 was $7.8815 per
    share, plus any other net assets not used or reserved to pay
    obligations and claims or such other corporate expenses relating
    to or arising from the plan of dissolution and distribution.
    Following liquidation, Ideation would no longer exist as a
    corporation.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <I>Competition.</I>&#160;&#160;If the merger is completed,
    Ideation will become subject to competition from competitors of
    SearchMedia. For more information of the competition SearchMedia
    faces, please see the section titled, &#147;Information About
    SearchMedia&#160;&#151; Competition&#148; elsewhere in this
    document.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <I>Facilities.</I>&#160;&#160;Ideation maintains executive
    offices in the United States at 1990&#160;S.&#160;Bundy
    Boulevard, Suite&#160;620, Los Angeles, CA 90025. The cost for
    these facilities is included in the aggregate fee of $7,500
    per-month. Ideation considers its current office space adequate
    for its current operation.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <I>Employees.</I>&#160;&#160;Ideation has three executive
    officers. These individuals are not obligated to devote any
    specific number of hours to Ideation&#146;s matters and intend
    to devote only as much time as they deem necessary to
    Ideation&#146;s affairs. The amount of time they will devote in
    any time period will vary based on the availability of suitable
    target businesses to investigate, the course of negotiations
    with target businesses, and the due diligence preceding and
    accompanying a possible business combination. Accordingly, once
    management locates a suitable target business to acquire, they
    will spend more time investigating such target business and
    negotiating and processing the business combination (and
    consequently spend more time on Ideation&#146;s affairs) than
    they would prior to locating a suitable target business.
    Ideation does not intend to have any full time employees prior
    to the consummation of a business combination.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <I>Periodic Reporting and Audited Financial
    Statements.</I>&#160;&#160;Ideation has registered its
    securities under the Exchange Act and has reporting obligations,
    including the requirement to file annual and quarterly reports
    with the SEC. In accordance with the requirements of the
    Exchange Act, Ideation&#146;s annual report contains financial
    statements audited and reported on by Ideation&#146;s
    independent accountants.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <I>Legal Proceedings.</I>&#160;&#160;Ideation is not currently a
    party to any pending material legal proceedings.
</DIV>
<A name='274'>
<DIV style="margin-top: 18pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">IDEATION&#146;S
    MANAGEMENT&#146;S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION
    AND RESULTS OF OPERATIONS</FONT></B>
</DIV>
</A>
<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    The following discussion should be read in conjunction with
    Ideation&#146;s Financial Statements and footnotes thereto
    contained in this proxy statement/prospectus.
</DIV>
<A name='275'>
<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">Overview</FONT></B>
</DIV>
</A>
<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Ideation is a blank check company organized under the laws of
    the State of Delaware on June&#160;1, 2007. Ideation was formed
    for the purpose of acquiring, through a merger, capital stock
    exchange, asset acquisition or other similar business
    combination, one or more businesses.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    The registration statement (File
    <FONT style="white-space: nowrap">No.&#160;333-144218)</FONT>
    for its IPO of 10,000,000&#160;units, each unit consisting of
    one share of common stock, par value $0.0001 per share, and one
    warrant exercisable for an additional share of common stock,
    which we refer to as a Warrant, was declared effective by the
    Securities and Exchange Commission, which we refer to as the
    SEC, on November&#160;19, 2007. On November&#160;26, 2007,
    Ideation completed its IPO at a price of $8.00 per unit.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Each Warrant entitles the holder to purchase one share of its
    common stock at a price of $6.00 exercisable on the later of its
    consummation of a business combination or November&#160;19,
    2008, provided in
</DIV>

<P align="center" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <BR>
    206
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<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    each case that there is an effective registration statement
    covering the shares of common stock underlying the warrants in
    effect. The Warrants expire on November&#160;19, 2011, unless
    earlier redeemed. Additionally, its initial stockholders
    purchased an aggregate of 2,400,000 warrants at a price of $1.00
    per warrant ($2.4&#160;million in the aggregate) in a private
    placement transaction, which we refer to as the Private
    Placement, that occurred immediately before its IPO. Upon the
    closing of its IPO, on November&#160;26, 2007, Ideation sold and
    issued an option for $100 to purchase up to 500,000&#160;units,
    at an exercise price of $10.00 per unit, to the representatives
    of the underwriters in its IPO.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Ideation received net proceeds of approximately
    $79.1&#160;million from the IPO and the Private Placement. Of
    those net proceeds, approximately $2.73&#160;million is
    attributable to the portion of the underwriters&#146; discount
    which has been deferred until its consummation of a business
    combination. Of these net proceeds, $78.8&#160;million was
    deposited into a trust account maintained at Continental Stock
    Transfer&#160;&#038; Trust&#160;Company (the
    &#147;Trust&#160;Account&#148;) and will be held in trust and
    not released until the earlier to occur of (i)&#160;the
    completion of a business combination or (ii)&#160;its
    liquidation, in which case such proceeds will be distributed to
    its public stockholders. For a more complete discussion of its
    financial information, see the section appearing in this proxy
    statement/prospectus titled &#147;Selected Summary Historical
    Financial Information.&#148;
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Ideation intends to utilize cash derived from the proceeds of
    its IPO, its capital stock, debt or a combination of cash,
    capital stock and debt, in effecting a business combination. The
    issuance of additional shares of its capital stock in a business
    combination:
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="4%"></TD>
    <TD width="2%"></TD>
    <TD width="94%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    may significantly reduce the equity interest of its stockholders;
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    may subordinate the rights of holders of common stock if
    Ideation issues preferred stock with rights senior to those
    afforded to its common stock;
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    will likely cause a change in control if a substantial number of
    its shares of common stock are issued, which may affect, among
    other things, its ability to use its net operating loss carry
    forwards, if any, and most likely will also result in the
    resignation or removal of its present officers and
    directors;&#160;and
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    may adversely affect prevailing market prices for its common
    stock.
</TD>
</TR>

</TABLE>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Similarly, if Ideation issues debt securities, it could result
    in:
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="4%"></TD>
    <TD width="2%"></TD>
    <TD width="94%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    default and foreclosure on its assets if its operating revenues
    after a business combination are insufficient to pay its debt
    obligations;
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    acceleration of its obligations to repay the indebtedness even
    if Ideation has made all principal and interest payments when
    due if the debt security contains covenants that required the
    maintenance of certain financial ratios or reserves and Ideation
    breaches any such covenant without a waiver or renegotiation of
    that covenant;
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    its immediate payment of all principal and accrued interest, if
    any, if the debt security is payable on demand;&#160;and
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    its inability to obtain additional financing, if necessary, if
    the debt security contains covenants restricting its ability to
    obtain additional financing while such security is outstanding.
</TD>
</TR>

</TABLE>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    On March&#160;25, 2009, Ideation incorporated a wholly owned
    subsidiary, ID Arizona, for the purpose of accomplishing a
    business combination with SearchMedia, as described in this
    proxy statement/prospectus.
</DIV>
<A name='276'>
<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">Results
    of Operations</FONT></B>
</DIV>
</A>
<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Through June&#160;30, 2009, Ideation&#146;s efforts have been
    limited to organizational activities related to its IPO,
    activities related to identifying and evaluating prospective
    acquisition candidates, and activities related to general
    corporate matters. Ideation has neither engaged in any
    operations nor generated any revenues, other than interest
    income earned on the proceeds of its private placement and IPO.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Net income attributable to common stockholders&#146; for the
    period from June&#160;1, 2007 (inception) to December&#160;31,
    2008, was approximately $378,626, which consisted of $1,956,364
    in interest income offset by
</DIV>

<P align="center" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <BR>
    207
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<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    $1,382,687 in formation and operating expenses and $195,051 in
    income taxes. Net income attributable to common
    stockholders&#146; for the period from June&#160;1, 2007
    (inception) to December&#160;31, 2007, was approximately
    $144,120, which consisted of $340,417 in interest income offset
    by $100,877 in formation and operating expenses and $95,420 in
    income taxes.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Net income attributable to common stockholders&#146; for the
    year ended December&#160;31, 2008 was approximately $234,506,
    which consisted of $1,615,947 in interest income offset by
    $1,281,810 in formation and operating expenses and $99,631 in
    income taxes.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Net (loss) income attributable to common stockholders&#146; for
    the period from June&#160;1, 2007 (inception) to June&#160;30,
    2009, was approximately $(1,011,000), which consisted of
    $1,987,000 in interest income offset by $2,765,000 in formation
    and operating expenses and $233,000 in income taxes.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Net (loss) income attributable to common stockholders&#146; for
    the six months ended June&#160;30, 2009 was approximately
    $(1,389,000) which consisted of approximately $30,000 in
    interest income offset by $1,382,000 in formation and operating
    expenses and $37,000 in income taxes. Net income attributable to
    common stockholders&#146; for the six months ended June&#160;30,
    2008 was approximately $504,000 which consisted of $1,124,000 in
    interest income partially offset by $286,000 in formation and
    operating expenses and $334,000 in income taxes. We will pay any
    taxes resulting from interest accrued on the funds held in the
    Trust&#160;Account out of the interest earned on the funds held
    in the Trust&#160;Account.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    As of December&#160;31, 2008 and 2007, Ideation has $203,720 and
    $75,457, respectively, of unrestricted cash and $105,154 and
    $340,517, respectively, of additional interest earned on the
    funds held in the Trust&#160;Account available to it for its
    activities in connection with identifying and conducting due
    diligence of a suitable business combination, and for general
    corporate matters. The following table shows the total funds
    held in the Trust&#160;Account through December&#160;31, 2008.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<TABLE border="0" width="100%" align="center" cellpadding="0" cellspacing="0" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
<!-- Table Width Row BEGIN -->
<TR style="font-size: 1pt" valign="bottom">
    <TD width="86%">&nbsp;</TD>	<!-- colindex=01 type=maindata -->
    <TD width="2%">&nbsp;</TD>	<!-- colindex=02 type=gutter -->
    <TD width="1%" align="right">&nbsp;</TD>	<!-- colindex=02 type=lead -->
    <TD width="10%" align="right">&nbsp;</TD>	<!-- colindex=02 type=body -->
    <TD width="1%" align="left">&nbsp;</TD>	<!-- colindex=02 type=hang1 -->
</TR>
<!-- Table Width Row END -->
<TR valign="bottom" style="background: #CCEEFF">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    JP Morgan, Treasury money market fund, held in trust
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    23,821,673
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Treasury bills, maturing January&#160;8, 2009, held in trust, FMV
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    54,993,327
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Total interest received to date
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    1,955,154
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Less total interest disbursed to it for working capital through
    December&#160;31, 2008
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    (882,663
</TD>
<TD nowrap align="left" valign="bottom">
    )
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Less total taxes paid through December&#160;31, 2008
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    (967,337
</TD>
<TD nowrap align="left" valign="bottom">
    )
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Total funds held in Trust&#160;Account at FMV at
    December&#160;31, 2008
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    78,920,154
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
</TABLE>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">

</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    As of June&#160;30, 2009, Ideation has approximately $78,815,000
    in the Trust Account.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    At Ideation&#146;s instructions, on February&#160;13, 2008,
    April&#160;8, 2008, June&#160;6, 2008, September&#160;3, 2008,
    October&#160;22, 2008 and March&#160;26, 2009, the Trustee
    transferred $300,000, $400,000, $400,000, $400,000, $350,000 and
    $100,00 respectively, of interest earned on the
    Trust&#160;Account into Ideation&#146;s operating cash account
    for the purposes of paying taxes on the aggregate amount of
    interest earned on the funds held in the Trust&#160;Account and
    to cover Ideation&#146;s operating expenses.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Ideation received a report from its independent auditors for the
    year ended December&#160;31, 2008, that includes an explanatory
    paragraph describing the substantial uncertainty as to its
    ability to continue as a going concern. The ability of Ideation
    to continue as a going concern is dependent upon its ability to
    successfully complete a business combination by
    November&#160;19, 2009. The accompanying financial statements do
    not include any adjustments that might be necessary if Ideation
    is unable to continue as a going concern and is required to
    liquidate.
</DIV>
<A name='277'>
<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">Liquidity
    and Capital Resources</FONT></B>
</DIV>
</A>
<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Ideation intends to use substantially all of the net proceeds
    from its offering and private placement, including the funds
    held in the Trust&#160;Account (excluding deferred underwriting
    discounts and commissions), to acquire a target business and to
    pay its expenses relating thereto. To the extent that its
    capital stock is used in whole or in part as consideration to
    effect a business combination, the proceeds held in the
    Trust&#160;Account that are not used to consummate a business
    combination will be disbursed to the combined company and will,
    along with any other net proceeds not expended, be used as
    working capital to finance the operations of the
</DIV>

<P align="center" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <BR>
    208
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<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    acquired business or businesses. Such working capital funds
    could be used in a variety of ways, including, without
    limitation, for maintenance or expansion of the operations of an
    acquired business or businesses, the payment of principal or
    interest due on indebtedness incurred in consummating its
    business combination, to fund strategic acquisitions and for
    marketing, research and development of existing or new products.
    Such funds could also be used to repay any operating expenses or
    finders&#146; fees which Ideation had incurred prior to the
    completion of its business combination if the funds available to
    it outside of the Trust&#160;Account were insufficient to cover
    such expenses.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    As of June&#160;30, 2009, Ideation had $96,000 in funds
    available to it outside of the Trust Account. Ideation believes
    that these funds, together with up to $1,700,000 of interest
    earned on the Trust&#160;Account balance, net of taxes payable
    on such interest, that may be released to it to fund its
    expenses relating to investigating and selecting a target
    business and other working capital requirements, will be
    sufficient to allow it to operate until November&#160;19, 2009,
    assuming that a business combination is not consummated during
    that time. However, Ideation cannot guarantee that its estimates
    will be accurate. Ideation may request the release of such funds
    for a number of purposes that may not ultimately lead to a
    business combination. For instance, Ideation could use a portion
    of the funds available to it to pay fees to consultants to
    assist it with its search for a target business. Ideation could
    also use a portion of the funds as a down payment with respect
    to a particular proposed business combination, or enter into a
    letter of intent where Ideation pays for the right to receive
    exclusivity from a target business, where Ideation may be
    required to forfeit funds (whether as a result of its breach or
    otherwise). In any of these cases, or in other situations where
    Ideation expends the funds available to it outside of the
    Trust&#160;Account for purposes that do not result in a business
    combination, Ideation may not have sufficient remaining funds to
    continue searching for, or to conduct due diligence with respect
    to, a target business, in which case Ideation would be forced to
    obtain alternative financing or liquidate. Ideation will be
    using these funds for identifying and evaluating prospective
    acquisition candidates, performing business due diligence on
    prospective target businesses, traveling to and from the
    offices, plants or similar locations of prospective target
    businesses, reviewing corporate documents and material
    agreements of prospective target businesses, selecting the
    target business to acquire and structuring, negotiating and
    consummating the business combination.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    The amount of available proceeds is based on management&#146;s
    estimates of the costs needed to fund its operations until
    November&#160;19, 2009 and consummate a business combination.
    Ideation does not believe it will need to raise additional funds
    following its IPO in order to meet the expenditures required for
    operating its business.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    However, Ideation may need to raise additional funds through a
    private offering of debt or equity securities, if such funds are
    required to consummate a business combination that is presented
    to it, although Ideation has not entered into any such
    arrangement and have no current intention of doing so. Subject
    to compliance with applicable securities laws, Ideation would
    only consummate such financing simultaneously with the
    consummation of a business combination.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Ideation is obligated to pay to Spirit SMX LLC a monthly fee of
    approximately $7,500 for office space and administrative and
    support services. Robert N. Fried, Ideation&#146;s Chief
    Executive Officer and one of its initial shareholders, is the
    founder and Chief Executive Officer of Spirit SMX LLC.
</DIV>
<A name='278'>
<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">Recent
    Accounting Pronouncements</FONT></B>
</DIV>
</A>
<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    In December 2007, the FASB issued SFAS&#160;141R, &#147;Business
    Combinations.&#148; SFAS&#160;141R provides companies with
    principles and requirements on how an acquirer recognizes and
    measures in its financial statements the identifiable assets
    acquired, liabilities assumed, and any non-controlling interest
    in the acquire as well as the recognition and measurement of
    goodwill acquired in a business combination. Under
    SFAS&#160;141R, an acquiring entity will be required to
    recognize all the assets acquired and liabilities assumed in a
    transaction at the acquisition-date fair value with limited
    exceptions. SFAS&#160;141R will change the accounting treatment
    historically used for certain specific items, including:
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="4%"></TD>
    <TD width="2%"></TD>
    <TD width="94%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    Acquisition costs will be generally expensed as incurred;
</TD>
</TR>

</TABLE>

<P align="center" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <BR>
    209
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<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="4%"></TD>
    <TD width="2%"></TD>
    <TD width="94%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    Noncontrolling interests (formerly known as &#147;minority
    interests&#148;&#160;&#151; see SFAS&#160;160 discussion below)
    will be valued at fair value at the acquisition date;
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    Acquired contingent liabilities will be recorded at fair value
    at the acquisition date and subsequently measured at either the
    higher of such amount or the amount determined under existing
    guidance for non-acquired contingencies;
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    In-process research and development will be recorded at fair
    value as an indefinite-lived intangible asset at the acquisition
    date;
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    Restructuring costs associated with a business combination will
    be generally expensed subsequent to the acquisition
    date;&#160;and
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    Changes in deferred tax asset valuation allowances and income
    tax uncertainties after the acquisition date generally will
    affect future income tax expense.
</TD>
</TR>

</TABLE>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    SFAS&#160;141R also requires certain disclosures to enable users
    of the financial statements to evaluate the nature and financial
    effects of the business combination. Acquisition costs
    associated with the business combination will generally be
    expensed as incurred. SFAS&#160;141R is effective for business
    combinations occurring in fiscal years beginning after
    December&#160;15, 2008, which will require it to adopt these
    provisions for business combinations occurring in fiscal 2009
    and thereafter. Early adoption of SFAS&#160;141R is not
    permitted. Ideation anticipates that SFAS&#160;141R will have a
    significant impact on its business.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    In December 2007, the FASB issued SFAS&#160;No.&#160;160,
    &#147;<I>Noncontrolling Interests in Consolidated Financial
    Statements&#160;&#151; An Amendment of ARB
    No.&#160;51.</I>&#148; SFAS&#160;No.&#160;160 requires reporting
    entities to present noncontrolling (minority) interests as
    equity as opposed to as a liability or mezzanine equity and
    provides guidance on the accounting for transactions between an
    entity and noncontrolling interests. SFAS&#160;No.&#160;160 is
    effective the first fiscal year beginning after
    December&#160;15, 2008, and interim periods within that fiscal
    year. SFAS&#160;No.&#160;160 applies prospectively as of the
    beginning of the fiscal year SFAS&#160;No.&#160;160 is initially
    applied, except for the presentation and disclosure requirements
    which are applied retrospectively for all periods presented
    subsequent to adoption. The adoption of SFAS&#160;No.&#160;160
    will not have a material impact on the financial statements;
    however, it could impact future transactions entered into by
    Ideation.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    In December 2007, the SEC issued SAB&#160;No.&#160;110,
    <I>&#147;Share-Based Payment&#148;
    </I>(&#147;SAB&#160;110&#148;). SAB&#160;110 establishes the
    continued use of the simplified method for estimating the
    expected term of equity based compensation. The simplified
    method was intended to be eliminated for any equity based
    compensation arrangements granted after December&#160;31, 2007.
    SAB&#160;110 is being published to help companies that may not
    have adequate exercise history to estimate expected terms for
    future grants. The adoption of SAB&#160;110 has not had a
    material effect on the Company&#146;s consolidated financial
    statements.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    In March 2008, the FASB issued SFAS&#160;No.&#160;161,
    <I>&#147;Disclosures about Derivative Instruments and Hedging
    Activities&#160;&#151; An Amendment to FASB Statement
    No.&#160;133</I>&#148;. SFAS&#160;No.&#160;161 is intended to
    improve financial standards for derivative instruments and
    hedging activities by requiring enhanced disclosures to enable
    investors to better understand their effects on an entity&#146;s
    financial position, financial performance, and cash flows.
    Entities are required to provide enhanced disclosures about:
    (a)&#160;how and why an entity uses derivative instruments;
    (b)&#160;how derivative instruments and related hedged items are
    accounted for under Statement 133 and its related
    interpretations; and (c)&#160;how derivative instruments and
    related hedged items affect an entity&#146;s financial position,
    financial performance, and cash flows. It is effective for
    financial statements issued for fiscal years beginning after
    November&#160;15, 2008, with early adoption encouraged. The
    adoption of this statement is not expected to have a material
    effect on Ideation&#146;s financial statements.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    In April 2009, the FASB issued three related FASB Staff
    Positions: (i)&#160;FSP
    <FONT style="white-space: nowrap">SFAS&#160;No.&#160;115-2</FONT>
    and
    <FONT style="white-space: nowrap">SFAS&#160;No.&#160;124-2,</FONT>
    Recognition of Presentation of Other-Than-Temporary Impairments
    (&#147;FSP
    <FONT style="white-space: nowrap">SFAS&#160;115-2</FONT>
    and
    <FONT style="white-space: nowrap">SFAS&#160;124-2&#148;),</FONT>
    (ii)&#160;FSP
    <FONT style="white-space: nowrap">SFAS&#160;No.&#160;107-1</FONT>
    and APB
    <FONT style="white-space: nowrap">No.&#160;28-1,</FONT>
    Interim Disclosures about Fair Value of Financial Instruments
    (&#147;FSP
    <FONT style="white-space: nowrap">SFAS&#160;107-1</FONT>
    and APB
    <FONT style="white-space: nowrap">28-1&#148;),</FONT>
    and (iii)&#160;FSP
    <FONT style="white-space: nowrap">SFAS&#160;No.&#160;157-4,</FONT>
    Determining the Fair Value When the Volume and Level of Activity
    for the Asset or Liability Have Significantly Decreased and
    Identifying Transactions That Are Not Orderly (&#147;FSP
    <FONT style="white-space: nowrap">SFAS&#160;157-4&#148;),</FONT>
    which are effective for interim and
</DIV>

<P align="center" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <BR>
    210
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<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    annual reporting periods ending after June&#160;15, 2009. FSP
    <FONT style="white-space: nowrap">SFAS&#160;115-2</FONT>
    and
    <FONT style="white-space: nowrap">SFAS&#160;124-2</FONT>
    modifies the requirement for recognizing other-than-temporary
    impairments, changes the existing impairment model, and modifies
    the presentation and frequency of related disclosures. FSP
    <FONT style="white-space: nowrap">SFAS&#160;107-1</FONT>
    and APB <FONT style="white-space: nowrap">28-1</FONT>
    requires disclosures about fair value of financial instruments
    for interim reporting periods as well as in annual financial
    statements. FSP
    <FONT style="white-space: nowrap">SFAS&#160;157-4</FONT>
    provides additional guidance for estimating fair value in
    accordance with SFAS&#160;No.&#160;157, Fair Value Measurements.
    The adoption of these FASB Staff Positions did not have a
    material impact on Ideation&#146;s financial condition, results
    of operations or cash flows.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    In May 2009, the FASB issued Statement of Financial Accounting
    Standards No.&#160;165, Subsequent Events
    (&#147;SFAS&#160;165&#148;) [ASC
    <FONT style="white-space: nowrap">855-10-05],</FONT>
    which provides guidance to establish general standards of
    accounting for and disclosures of events that occur after the
    balance sheet date but before financial statements are issued or
    are available to be issued. SFAS&#160;165 also requires entities
    to disclose the date through which subsequent events were
    evaluated as well as the rationale for why that date was
    selected. SFAS&#160;165 is effective for interim and annual
    periods ending after June&#160;15, 2009, and accordingly,
    Ideation adopted this Standard during the second quarter of
    2009. SFAS&#160;165 requires that public entities evaluate
    subsequent events through the date that the financial statements
    are issued. The adoption of SFAS&#160;165 did not have material
    impact on Ideation&#146;s condensed consolidated financial
    statements.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    In June 2009, the FASB issued Statement of Financial Accounting
    Standards No.&#160;166, Accounting for Transfers of Financial
    Assets&#160;&#151; an amendment of FASB Statement No.&#160;140
    (&#147;SFAS&#160;166&#148;) [ASC 860], which requires entities
    to provide more information regarding sales of securitized
    financial assets and similar transactions, particularly if the
    entity has continuing exposure to the risks related to
    transferred financial assets. SFAS&#160;166 eliminates the
    concept of a &#147;qualifying special-purpose entity,&#148;
    changes the requirements for derecognizing financial assets and
    requires additional disclosures. SFAS&#160;166 is effective for
    fiscal years beginning after November&#160;15, 2009. Ideation
    does not believe this will have a material impact on its
    financial condition, results of operations or cash flows.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    In June 2009, the FASB issued Statement of Financial Accounting
    Standards No.&#160;167, Amendments to FASB Interpretation
    No.&#160;46(R) (&#147;SFAS&#160;167&#148;) [ASC
    <FONT style="white-space: nowrap">810-10],</FONT>
    which modifies how a company determines when an entity that is
    insufficiently capitalized or is not controlled through voting
    (or similar rights) should be consolidated. SFAS&#160;167
    clarifies that the determination of whether a company is
    required to consolidate an entity is based on, among other
    things, an entity&#146;s purpose and design and a company&#146;s
    ability to direct the activities of the entity that most
    significantly impact the entity&#146;s economic performance.
    SFAS&#160;167 requires an ongoing reassessment of whether a
    company is the primary beneficiary of a variable interest
    entity. SFAS&#160;167 also requires additional disclosures about
    a company&#146;s involvement in variable interest entities and
    any significant changes in risk exposure due to that
    involvement. SFAS&#160;167 is effective for fiscal years
    beginning after November&#160;15, 2009. Ideation does not
    believe this will have a material impact on its financial
    condition, results of operations or cash flows.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    In June 2009, the FASB issued Statement of Financial Accounting
    Standards No.&#160;168, The FASB Accounting Standards
    Codification<SUP style="font-size: 85%; vertical-align: top"><FONT style="font-variant: SMALL-CAPS">tm</FONT></SUP>

    and the Hierarchy of Generally Accepted Accounting Principles a
    Replacement of FASB Statement No.&#160;162
    (&#147;SFAS&#160;168&#148;). This Standard establishes the FASB
    Accounting Standards
    Codification<SUP style="font-size: 85%; vertical-align: top"><FONT style="font-variant: SMALL-CAPS">tm</FONT></SUP>

    (the &#147;Codification&#148;) as the source of authoritative
    accounting principles recognized by the FASB to be applied by
    nongovernmental entities in the preparation of financial
    statements in conformity with U.S.&#160;GAAP. The Codification
    does not change current U.S.&#160;GAAP, but is intended to
    simplify user access to all authoritative U.S.&#160;GAAP by
    providing all the authoritative literature related to a
    particular topic in one place. The Codification is effective for
    interim and annual periods ending after September&#160;15, 2009,
    and as of the effective date, all existing accounting standard
    documents will be superseded. The Codification is effective for
    Ideation in the third quarter of 2009, and accordingly,
    Ideation&#146;s Quarterly Report on
    <FONT style="white-space: nowrap">Form&#160;10-Q</FONT>
    for the quarter ending September&#160;26, 2009 and all
    subsequent public filings will reference the Codification as the
    sole source of authoritative literature.
</DIV>

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    <BR>
    211
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<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->

<DIV align="left" style="margin-left: 2%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><I><FONT style="font-family: 'Times New Roman', Times">Redeemable
    Common Stock</FONT></I></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Ideation accounts for redeemable common stock in accordance with
    Emerging Issue Task Force D-98 &#147;Classification and
    Measurement of Redeemable Securities&#148;. Securities that are
    redeemable for cash or other assets are classified outside of
    permanent equity if they are redeemable at the option of the
    holder. In addition, if the redemption causes a redemption
    event, the redeemable securities should not be classified
    outside of permanent equity. As further described above,
    Ideation will only consummate a business combination if a
    majority of the shares of common stock voted by the public
    stockholders owning shares sold in its IPO vote in favor of the
    business combination and public stockholders holding less than
    30% (2,999,999) of common shares sold in its IPO exercise their
    conversion rights. As further discussed above, if a business
    combination is not consummated by November&#160;19, 2009,
    Ideation will liquidate. Accordingly, 2,999,999&#160;shares have
    been classified outside of permanent equity at redemption value.
    Ideation recognizes changes in the redemption value immediately
    as they occur and adjusts the carrying value of the redeemable
    common stock to equal its redemption value at the end of each
    reporting period.
</DIV>
<A name='279'>
<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">Critical
    Accounting Policies</FONT></B>
</DIV>
</A>
<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 2%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><I><FONT style="font-family: 'Times New Roman', Times">Basis
    of Presentation</FONT></I></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Ideation&#146;s financial statements are presented in
    U.S.&#160;dollars in conformity with accounting principles
    generally accepted in the United States of America
    (U.S.&#160;GAAP). The condensed consolidated financial
    statements for the six months ended June&#160;30, 2009 reflect
    the operations of Ideation and its wholly owned subsidiary, ID
    Arizona, incorporated on March&#160;25, 2009. Prior period
    financial statements reflect the operations solely of Ideation.
</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 2%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><I><FONT style="font-family: 'Times New Roman', Times">Development
    Stage Company</FONT></I></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Ideation complies with the reporting requirements of
    SFAS&#160;No.&#160;7, &#147;Accounting and Reporting by
    Development Stage Enterprises.&#148;
</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 2%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><I><FONT style="font-family: 'Times New Roman', Times">Concentration
    of Credit Risk</FONT></I></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Financial instruments that potentially subject Ideation to a
    significant concentration of credit risk consist primarily of
    cash. Ideation maintains deposits in federally insured financial
    institutions within federal insurance limits. Management
    believes Ideation is not exposed to significant credit risk due
    to the financial position of the depository institutions in
    which those deposits are held.
</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 2%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><I><FONT style="font-family: 'Times New Roman', Times">Fair
    Value of Financial Instruments</FONT></I></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    The fair values of Ideation&#146;s assets and liabilities that
    qualify as financial instruments under SFAS&#160;No.&#160;107,
    &#147;Disclosures about Fair Value of Financial
    Instrument,&#148; approximate their carrying amounts presented
    in the accompanying balance sheet.
</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 2%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><I><FONT style="font-family: 'Times New Roman', Times">Cash
    and cash equivalents</FONT></I></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Cash and cash equivalents are defined as cash and investments
    that have a maturity at date of purchase of three months or less.
</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 2%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><I><FONT style="font-family: 'Times New Roman', Times">Preferred
    Stock</FONT></I></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Ideation is authorized to issue 1,000,000&#160;shares of
    preferred stock with such designations, voting and other rights
    and preferences as may be determined from time to time by the
    Board of Directors. There were no preferred shares issued as of
    December&#160;31, 2008.
</DIV>

<P align="center" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <BR>
    212
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<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->

<DIV align="left" style="margin-left: 2%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><I><FONT style="font-family: 'Times New Roman', Times">Net
    Income per Common Share</FONT></I></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Ideation complies with SFAS&#160;No.&#160;128, &#147;<I>Earnings
    Per Share</I>,&#148; which requires dual presentation of basic
    and diluted earnings per share on the face of the statement of
    operations. Basic net income per share is computed by dividing
    net income by the weighted average common shares outstanding for
    the period. Diluted net income per share reflects the potential
    dilution that could occur if warrants were to be exercised or
    converted or otherwise resulted in the issuance of common stock
    that then shared in the earnings of the entity.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Ideation&#146;s statement of operations includes a presentation
    of earnings per share for common stock subject to possible
    redemption in a manner similar to the two-class method of
    earnings per share. Basic and diluted net income per share for
    the maximum number of shares subject to possible redemption is
    calculated by dividing the net interest attributable to common
    shares subject to possible redemption by the weighted average
    number of shares subject to possible redemption. Basic and
    diluted net income per share amount for the shares outstanding
    not subject to possible redemption is calculated by dividing the
    net income exclusive of the net interest income attributable to
    common shares subject to redemption by the weighted average
    number of shares not subject to possible redemption.
</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 2%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><I><FONT style="font-family: 'Times New Roman', Times">Use of
    Estimates</FONT></I></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    The preparation of financial statements in conformity with
    accounting principles generally accepted in the United States of
    America requires management to make estimates and assumptions
    that affect the reported amounts of assets and liabilities and
    disclosure of contingent assets and liabilities at the date of
    the financial statements and the reported amounts of income and
    expenses during the reporting period. Actual results could
    differ from those estimates.
</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 2%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><I><FONT style="font-family: 'Times New Roman', Times">Income
    Taxes</FONT></I></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Ideation complies with SFAS&#160;109, &#147;<I>Accounting for
    Income Taxes</I>,&#148; which requires an asset and liability
    approach to financial accounting and reporting for income taxes.
    Deferred income tax assets and liabilities are computed for
    differences between the financial statement and tax bases of
    assets and liabilities that will result in future taxable or
    deductible amounts, based on enacted tax laws and rates
    applicable to the periods in which the differences are expected
    to affect taxable income. Valuation allowances are established,
    when necessary, to reduce deferred tax assets to the amount
    expected to be realized.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Ideation also complies with the provisions of the Financial
    Accounting Standards Interpretation No.&#160;48,
    &#147;<I>Accounting for Uncertainty in Income Taxes</I>&#148;
    (&#147;FIN&#160;48&#148;). FIN&#160;48 prescribes a recognition
    threshold and measurement process for recording in the financial
    statements uncertain tax positions taken or expected to be taken
    in a tax return. FIN&#160;48 also provides guidance on
    de-recognition, classification, interest and penalties,
    accounting in interim periods, disclosures and transitions.
    There were no unrecognized tax benefits as of December&#160;31,
    2008 and 2007. Ideation would recognize accrued interest and
    penalties related to unrecognized tax benefits as income tax
    expense. No amounts were accrued for the payment of interest and
    penalties at December&#160;31, 2008 and 2007. Management is
    currently unaware of any issues under review that could result
    in significant payments, accruals, or material deviations from
    its position. Ideation adopted FIN&#160;48 effective
    June&#160;1, 2007 (date of inception) and has determined that
    the adoption did not have an impact on the financial position,
    results of operations, or cash flows.
</DIV>

<P align="center" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <BR>
    213
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<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->
<A name='280'>
<DIV style="margin-top: 18pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">DIRECTORS
    AND EXECUTIVE OFFICERS</FONT></B>
</DIV>
</A>
<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Upon consummation of the redomestication and business
    combination, the board of directors, executive officers and
    significant employees of ID Cayman shall be as follows:
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>


<TABLE border="0" width="100%" align="center" cellpadding="0" cellspacing="0" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
<!-- Table Width Row BEGIN -->
<TR style="font-size: 1pt" valign="bottom">
    <TD width="71%">&nbsp;</TD>	<!-- colindex=01 type=maindata -->
    <TD width="2%">&nbsp;</TD>	<!-- colindex=02 type=gutter -->
    <TD width="1%" align="right">&nbsp;</TD>	<!-- colindex=02 type=lead -->
    <TD width="1%" align="right">&nbsp;</TD>	<!-- colindex=02 type=body -->
    <TD width="1%" align="left">&nbsp;</TD>	<!-- colindex=02 type=hang1 -->
    <TD width="3%">&nbsp;</TD>	<!-- colindex=03 type=gutter -->
    <TD width="22%">&nbsp;</TD>	<!-- colindex=03 type=maindata -->
</TR>
<!-- Table Width Row END -->
<TR style="font-size: 8pt" valign="bottom" align="center">
<TD nowrap align="left" valign="bottom">
<DIV style="border-bottom: 1px solid #000000; width: 1%; padding-bottom: 1px">
    <B>Directors and Executive Officers</B>
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    <B>Age</B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="bottom">
<DIV style="border-bottom: 1px solid #000000; width: 1%; padding-bottom: 1px">
    <B>Position/Title</B>
</DIV>
</TD>
</TR>
<TR style="line-height: 3pt; font-size: 1pt">
<TD>&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Qinying Liu
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    46
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="bottom">
    Chairman
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Robert Fried
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    48
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="bottom">
    Executive Director
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Steven D. Rubin
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    49
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="bottom">
    Executive Director
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Earl Yen
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    42
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="bottom">
    Independent Director
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Jianzhong Qu
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    34
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="bottom">
    Independent Director
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Larry Lu
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    48
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="bottom">
    Independent Director
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Glenn Halpryn
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    48
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="bottom">
    Independent Director
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Chi-Chuan Chen
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    51
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="bottom">
    Independent Director
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Garbo Lee
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    51
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="bottom">
    President
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Jennifer Huang
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    34
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD align="center" valign="bottom">
    Chief Operating Officer
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Andrew Gormley
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    35
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD align="center" valign="bottom">
    Executive Vice President
</TD>
</TR>
</TABLE>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">

</DIV>



<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 2%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <I><FONT style="font-family: 'Times New Roman', Times">Executive
    Directors</FONT></I>
</DIV>



<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Ms.&#160;Qinying Liu will serve as chairman of the board of ID
    Cayman after consummation of the business combination.
    Ms.&#160;Liu is a co-founder of Jieli Consulting and has been
    the chairman of SM Cayman since its founding in February 2007.
    She has also been the general manager of Shanghai Lifang Trading
    Co., Ltd since 2004, a Chinese trading company. Before the
    founding of Jieli Consulting, she was chairman of Sige from 2004
    to November 2007 and Shanghai Qinjun from 2003 to June 2008. She
    also served as chief representative of the Shanghai Office of
    GETA Company, a Germany special power tools manufactory from
    1993 to 2000. Ms.&#160;Liu received her master&#146;s degree in
    media and communication from Renmin University of China. She
    obtained her bachelor&#146;s degree in chemistry from East China
    University of Science and Technology.
</DIV>





<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Mr.&#160;Robert Fried is the President and Chief Executive
    Officer and a member of the board of directors of Ideation.
    Mr.&#160;Fried is a digital media entrepreneur and accomplished
    film producer. Since 1990, Mr.&#160;Fried has served as
    President of Fried Films, a motion picture production company he
    founded in 1990. Mr.&#160;Fried has produced or served as
    executive producer for 15 films, including &#147;Rudy,&#148;
    &#147;The Boondock Saints,&#148; &#147;Man of the Year&#148; and
    &#147;Collateral.&#148; Mr.&#160;Fried won an Academy Award for
    the Live Action Short Film &#147;Session Man.&#148;
    Mr.&#160;Fried has founded several digital media companies
    including Spirit EMX, parent of spiritclips.com, a popular
    internet-based inspirational content company for which
    Mr.&#160;Fried presently serves as CEO; and WhatsHotNow.com. for
    which Mr.&#160;Fried served as Chief Executive Officer from July
    1999 until June 2001. From December 1994 until June 1996,
    Mr.&#160;Fried was President and Chief Executive Officer of
    Savoy Pictures, a unit of Savoy Pictures Entertainment, Inc.
    Savoy Pictures Entertainment was sold to Silver King
    Communications, which is now a part of InterActive Corp, in
    1996. From 1983 to 1990, Mr.&#160;Fried held several executive
    positions including Executive Vice President in charge of
    Production for Columbia Pictures, Director of Film Finance and
    Special Projects for Columbia Pictures and Director of Business
    Development at Twentieth Century Fox. Mr.&#160;Fried holds an
    M.S. from Cornell University and an M.B.A. from the Columbia
    University Graduate School of Business.
</DIV>





<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Mr.&#160;Steven D. Rubin is the Secretary of Ideation.
    Mr.&#160;Rubin has served as Executive Vice
    President-Administration and as a director of Opko Health, Inc.
    since March 2007. He is also a member of The Frost Group.
    Mr.&#160;Rubin served as the Senior Vice President, General
    Counsel and Secretary of IVAX Corporation from August 2001 until
    September 2006. Before joining IVAX, from January 2000 to August
    2001, Mr.&#160;Rubin served as the Senior Vice President,
    General Counsel and Secretary of privately-held Telergy, Inc., a
    provider of business telecommunications and diverse optical
    network solutions. He was with the Miami law firm of Stearns
    Weaver Miller Weissler Alhadeff&#160;&#038; Sitterson from 1986
    until 2000, in the Corporate and Securities Department.
    Mr.&#160;Rubin was a shareholder of that firm from 1991 until
    2000 and a director from 1998 until
</DIV>


<P align="center" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <BR>
    214
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<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->


<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
     2000. Mr.&#160;Rubin currently serves on the board of directors
    of Dreams, Inc., a vertically-integrated sports products
    company, Modigene Inc., a development stage biopharmaceutical
    company, Safe Stitch Medical, Inc., a medical device company,
    Kidville, Inc., which operates large, upscale facilities
    catering to newborns through five-year old children and their
    families and offers a wide range of developmental classes for
    newborns-5&#160;year olds, Non-Invasive Monitoring Systems,
    Inc., a medical device company, Cardo Medical, Inc., an
    early-stage orthopedic medical device company specializing in
    designing, developing and marketing reconstructive joint devices
    and spinal surgical devices, and Castle Brands, Inc., a NYSE
    Amex-listed developer and marketer of premium brand spirits.
    Mr.&#160;Rubin holds a B.A. in Economics from Tulane University
    and a J.D. from the University of Florida.
</DIV>




<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 2%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <I><FONT style="font-family: 'Times New Roman', Times">Independent
    Directors</FONT></I>
</DIV>


<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Mr.&#160;Earl Yen is the vice chairman of the board of SM
    Cayman. He is the founder and managing director of CSV Capital
    Partners, a China-focused private equity firm he co-founded in
    2004. He currently also serves on the boards of CDP Group,
    Tidalwave Technology, and Woodcycling. Prior to founding CSV,
    Mr.&#160;Yen was an investment banker with Citigroup from 2002
    to 2004, and with Bear Stearns from 1988 to 1991 and 1994 to
    2000. He previously worked at HarbourVest Partners, an
    alternative investment management firm, from 1991 to 1994.
    Mr.&#160;Yen received a master&#146;s degree in management
    science from the MIT Sloan School of Management and
    bachelor&#146;s degrees in electrical engineering and management
    from the Massachusetts Institute of Technology.
</DIV>





<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Mr.&#160;Jianzhong Qu will serve as our independent director
    upon consummation of the business combination. He is a principal
    of CSV Capital Partners, where he has worked since 2005 and is
    responsible for sourcing and managing private equity investments
    in the technology, media, retail, services, and
    telecommunications sectors of China. He currently also serves as
    a director of Imagine Games. From 1997 to 1999, Mr.&#160;Qu
    worked as an engineer at the Department of Engineering of
    Shanghai Posts and Telecommunications Administration.
    Mr.&#160;Qu holds a Master in Operations Research from Georgia
    Institute of Technology and a Bachelor in Engineer from Shanghai
    Jiaotong University.
</DIV>



<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Dr.&#160;Larry Lu will serve as our independent director upon
    consummation of the business combination. From 2004 to 2008,
    Dr.&#160;Lu was a director of China Investment Banking at
    Citigroup. From 2001 to 2004, he worked as a senior analyst of
    the Research Department at Guotai Junan Securities. From 2000 to
    2001, he was the managing director of the International Business
    Department at the same company. From 1999 to 2000, Dr.&#160;Lu
    worked as an economic analyst at Lehman Brothers Inc. in New
    York. Earlier in his career, from 1987 to 1990, Dr.&#160;Lu
    worked as an economist at the State Information Center of the
    State Planning Commission of the PRC. Dr.&#160;Lu holds a Ph.D.
    in Management from Queen&#146;s University of Canada, a Master
    of Arts in Economics from York University of Canada, another
    Master of Arts in Economics Modeling from People&#146;s
    University of China and a Bachelor of Science in Mathematics and
    Statistics from Peking University of China.
</DIV>





<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Mr.&#160;Glenn Halpryn is a member of the board of directors of
    Ideation. Mr.&#160;Halpryn served as a director of Ivax
    Diagnostics, Inc., a publicly held corporation from October 2002
    until October&#160;10, 2008. Mr.&#160;Halpryn has been the
    Chairman of the Board and Chief Executive Officer of QuikByte
    Software, Inc., a publicly held shell corporation, since July
    2008. Mr.&#160;Halpryn was Chairman of the Board and Chief
    Executive Officer of Orthodontix, Inc., a publicly held
    corporation, from April 2001 until Orthodontix merged with
    Protalix BioTherapeutics, Inc. in December 2006.
    Mr.&#160;Halpryn also serves as a director of Getting Ready
    Corporation, a public shell company that completed a merger with
    Winston Laboratories, Inc. Mr.&#160;Halpryn served as the
    Chairman of the Board and Chief Executive Officer of Getting
    Ready from December 2006 until its merger with Winston
    Laboratories in September 2008. Mr.&#160;Halpryn served as the
    Chairman of the Board, Chief Executive Officer and President of
    clickNsettle.com, Inc., a publicly held shell corporation, from
    October 2007 until September 2008, following its merger with
    Cardo Medical, LLC. Mr.&#160;Halpryn was the President and
    Secretary and a director of Longfoot Communications Corp., a
    publicly held shell corporation, from March 2008 until its
    merger with Kidville Holdings, LLC in August 2008.
    Mr.&#160;Halpryn is also Chief Executive Officer and a director
    of Transworld Investment Corporation, or TIC, serving in such
    capacity since June 2001. From 1984 to June 2001,
    Mr.&#160;Halpryn served as Vice President/Treasurer of TIC.
    Since 2000, Mr.&#160;Halpryn has been an investor and the
    managing member of investor groups that were joint venture
</DIV>


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    <BR>
    215
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<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->


<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
     partners in 26&#160;land acquisition and development projects
    with one of the largest home builders in the country. In
    addition, since 1984, Mr.&#160;Halpryn has been engaged in real
    estate investment and development activities. From April 1988
    through June 1998, Mr.&#160;Halpryn was Vice Chairman of Central
    Bank, a Florida state-chartered bank. Since June 1987,
    Mr.&#160;Halpryn has been the President of and beneficial holder
    of stock of United Security Corporation, a broker-dealer
    registered with FINRA. From June 1992 through May 1994,
    Mr.&#160;Halpryn served as the Vice President,
    Secretary-Treasurer of Frost Hanna Halpryn Capital Group, Inc.,
    a &#147;blank check&#148; company whose business combination was
    effected in May 1994 with Sterling Healthcare Group, Inc. From
    June 1995 through October 1996, Mr.&#160;Halpryn served as a
    member of the Board of Directors of Sterling Healthcare Group,
    Inc.
</DIV>



<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Mr.&#160;Chi-Chuan Chen is a Vice President and Special
    Assistant to the Chief Executive Officer at Ruentex Group. He
    has served in the Investment Management Department at Ruentex
    Group since 1987. Mr.&#160;Chen holds a B.S. in chemical
    engineering and an MBA from National Taiwan University.
</DIV>


<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 2%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <I><FONT style="font-family: 'Times New Roman', Times">Executive
    Officers</FONT></I>
</DIV>


<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Ms.&#160;Garbo Lee has served as the president of SM Cayman
    since March 2009. Prior to that, she was the chief operating
    officer of SM Cayman. Ms.&#160;Lee has over 24&#160;years of
    experience in the advertising industry. Prior to joining
    SearchMedia, Ms.&#160;Lee was a general manager of Sony BMG
    Music Entertainment (PRC) Inc., a Chinese music marketing and
    distribution company under Sony BMG Music Entertainment, a
    global recorded music joint venture headquartered in the New
    York City, from 2005 to 2007. She served as general manager of
    Coming Age&#160;Communication Co. Ltd., a China-based integrated
    marketing company, from 2002 to 2004. From 2000 to 2002, she
    worked as managing director and vice president of Doyle Dane
    Bernbach (DDB) Shanghai, an advertising and integrated marketing
    company under Omnicom Group in China. From 1984 to 2000,
    Ms.&#160;Lee worked for various companies under WPP Group.
    Ms.&#160;Lee received her bachelor&#146;s degree in arts from
    International Christian University in Tokyo, Japan.
</DIV>


<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Ms.&#160;Jennifer Huang was promoted to the role of chief
    operating officer of SM Cayman in July 2009. Prior to that,
    Ms.&#160;Huang had been the chief financial officer of SM Cayman
    since April 2008. Prior to joining SM Cayman, Ms.&#160;Huang
    served as vice president in the corporate finance department of
    Lehman Brothers Asia Ltd. from 2007 to 2008. From 2005 to 2007,
    she was an associate at Merrill Lynch Asia Pacific Ltd. She
    worked at PricewaterhouseCoopers&#146; Shanghai office from 1996
    to 2003, where she was promoted to the position of audit
    manager. Ms.&#160;Huang is a member of The Chinese Institute of
    Certified Public Account. Ms.&#160;Huang received her
    master&#146;s degree of business administration from the Harvard
    Business School, and her bachelor&#146;s degree in engineering
    from Shanghai Jiao Tong University, China.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Mr.&#160;Andrew Gormley joined SM Cayman as an executive vice
    president in July 2009. Prior to joining SM Cayman,
    Mr.&#160;Gormley served as a vice president in the Media
    investment banking group of Deutsche Bank in Hong Kong and
    London from 2006 to 2009. In Hong Kong, Mr.&#160;Gormley advised
    Chinese companies on capital raisings and cross-border mergers
    and acquisitions. From 2005 to 2006, he was a senior associate
    in the Media&#160;&#038; Entertainment investment banking group
    at Dresdner Kleinwort in New York. He worked at Laureate
    Education, at the time a Nasdaq-listed company, from 2001 to
    2005, as an executive director responsible for leading M&#038;A
    transactions. From 1997 to 2001, he was an associate and analyst
    at Banc of America Securities where he executed M&#038;A
    transactions and covered media and entertainment companies.
    Mr.&#160;Gormley received his master&#146;s degree of business
    administration from Columbia Business School with Beta Gamma
    Sigma honors, and his bachelor&#146;s degree in economics from
    Vanderbilt University.
</DIV>
<A name='281'>
<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">Voting
    Agreement</FONT></B>
</DIV>

</A>
<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Upon consummation of the business combination, the initial ID
    Cayman board of directors will consist of eight directors, of
    which the representatives of the SearchMedia shareholders will
    designate four directors to ID Cayman&#146;s board and the
    Ideation representative will designate four directors, as
    provided in the share exchange agreement.
</DIV>


<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    At the closing of the business combination, China Seed Ventures,
    L.P., which we refer to as CSV, Qinying Liu, Le Yang, Vervain
    Equity Investment Limited, Sun Hing Associates Limited, and
    Linden
</DIV>

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    <BR>
    216
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<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Ventures, each a SearchMedia shareholder or warrantholder and
    Frost Gamma Investments Trust, Robert Fried, Rao Uppaluri,
    Steven Rubin and Jane Hsiao and ID Cayman will enter into a
    voting agreement. The voting agreement provides, among other
    things, that, for a period commencing on the closing of the
    business combination and ending on the third anniversary of the
    date of such closing, each party to the voting agreement will
    agree to vote in favor of the director nominees nominated by the
    Ideation representative and the SM Cayman shareholders&#146;
    representatives as provided in the share exchange agreement. The
    voting agreement is attached as <U>Annex&#160;F</U> hereto. We
    encourage you to read the voting agreement in its entirety.
</DIV>
<A name='282'>
<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">Independence
    of Directors</FONT></B>
</DIV>
</A>
<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    ID Cayman expects to comply with the rules of NYSE Amex in
    determining whether a director is independent. Under the
    relevant standards, an independent director means a person other
    than an executive officer or employee of the company, and no
    director qualifies as independent unless the issuer&#146;s board
    of directors affirmatively determines that the director does not
    have a relationship that would interfere with the exercise of
    independent judgment in carrying out the responsibilities of a
    director. NYSE Amex requires that a majority of the board of
    directors of a company be independent.
</DIV>


<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Consistent with these considerations, the board of directors of
    ID Cayman has determined that, upon the appointment to the board
    of directors of ID Cayman on the closing of the share exchange
    agreement, Messrs.&#160;Yen, Qu, Lu, Halpryn and Chen will serve
    as independent directors of ID Cayman for the ensuing year.
</DIV>

<A name='344'>
<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">Board
    Committees</FONT></B>
</DIV>
</A>
<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 2%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><I><FONT style="font-family: 'Times New Roman', Times">Audit
    Committee</FONT></I></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Ideation has established an audit committee of the board of
    directors, which consists of Thomas E. Beier, David H. Moskowitz
    and Glenn Halpryn. Currently, all members of Ideation&#146;s
    audit committee are independent.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    The responsibilities of ID Cayman&#146;s audit committee include:
</DIV>

<DIV style="margin-top: 3pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="4%"></TD>
    <TD width="2%"></TD>
    <TD width="94%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    reviewing and discussing with management and the independent
    auditor the annual audited financial statements, and
    recommending to the board whether the audited financial
    statements should be included in its
    <FONT style="white-space: nowrap">Form&#160;10-K;</FONT>
</TD>
</TR>


<TR style="line-height: 3pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    discussing with management and the independent auditor
    significant financial reporting issues and judgments made in
    connection with the preparation of its financial statements;
</TD>
</TR>


<TR style="line-height: 3pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    discussing with management major risk assessments and risk
    management policies;
</TD>
</TR>


<TR style="line-height: 3pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    monitoring the independence of the independent auditor;
</TD>
</TR>


<TR style="line-height: 3pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    verifying the rotation of the lead (or coordinating) audit
    partner having primary responsibility for the audit and the
    audit partner responsible for reviewing the audit as required by
    law;
</TD>
</TR>


<TR style="line-height: 3pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    reviewing and approving all related-party transactions in its
    business combination;
</TD>
</TR>


<TR style="line-height: 3pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    inquiring and discussing with management our compliance with
    applicable laws and regulations;
</TD>
</TR>


<TR style="line-height: 3pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    pre-approving all audit services and permitted non-audit
    services to be performed by its independent auditor, including
    the fees and terms of the services to be performed;
</TD>
</TR>


<TR style="line-height: 3pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    appointing or replacing the independent auditor;
</TD>
</TR>


<TR style="line-height: 3pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    determining the compensation and oversight of the work of the
    independent auditor (including resolution of disagreements
    between management and the independent auditor regarding
    financial reporting) for the purpose of preparing or issuing an
    audit report or related work;&#160;and
</TD>
</TR>


<TR style="line-height: 3pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    establishing procedures for the receipt, retention and treatment
    of complaints received by the company regarding accounting,
    internal accounting controls or reports which raise material
    issues regarding our financial statements or accounting policies.
</TD>
</TR>

</TABLE>

<P align="center" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <BR>
    217
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<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->
<A name='345'>
<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 2%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><I><FONT style="font-family: 'Times New Roman', Times">Financial
    Experts on Audit Committee</FONT></I></B>
</DIV>

</A>
<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Each member of Ideation&#146;s audit committee is financially
    sophisticated. In addition, the board of directors has
    determined that Mr.&#160;Beier qualifies as an &#147;audit
    committee financial expert,&#148; as defined under the
    applicable rules of the SEC. It is expected that upon the
    consummation of the business combination, the board of directors
    of ID Cayman will determine the members of the audit committee.
</DIV>

<A name='346'>
<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 2%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><I><FONT style="font-family: 'Times New Roman', Times">Nominating
    and Corporate Governance Committee</FONT></I></B>
</DIV>

</A>
<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Ideation has established a nominating and corporate governance
    committee of the board of directors, which consists of Shawn
    Gold, David H. Moskowitz and Glenn Halpryn. Currently, all
    members of Ideation&#146;s nominating and corporate governance
    committee are independent. Upon the consummation of the business
    combination, the board of directors of ID&#160;Cayman will
    determine the members of the nominating and corporate governance
    committee of ID Cayman. The nominating and corporate governance
    committee is responsible for overseeing the selection of persons
    to be nominated to serve on the company&#146;s board of
    directors. The nominating and corporate governance committee
    will consider persons identified by its members, management,
    stockholders, investment bankers and others.
</DIV>

<A name='347'>
<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">Guidelines
    for Selecting Director Nominees</FONT></B>
</DIV>
</A>
<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    The nominating and corporate governance committee will consider
    a number of qualifications relating to management, leadership
    experience, background, integrity and professionalism in
    evaluating a person&#146;s candidacy for membership on the board
    of directors. The nominating and corporate governance committee
    may require certain skills or attributes, such as financial or
    accounting experience, to meet specific board needs that arise
    from time to time. The nominating and corporate governance
    committee will not distinguish among nominees recommended by
    stockholders and other persons.
</DIV>
<A name='348'>
<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">Code of
    Ethics</FONT></B>
</DIV>
</A>
<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Ideation has adopted a code of ethics that applies to all of its
    executive officers, directors and employees. The code of ethics
    codifies the business and ethical principles that govern all
    aspects of its business.
</DIV>
<A name='283'>
<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">Compensation
    of Officers and Directors</FONT></B>
</DIV>
</A>
<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 2%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><I><FONT style="font-family: 'Times New Roman', Times">Compensation
    of Officers and Directors of Ideation</FONT></I></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    No executive officer of Ideation has received any cash
    compensation for services rendered to Ideation. No compensation
    of any kind, including finder&#146;s, consulting or other
    similar fees, will be paid to any of Ideation&#146;s initial
    stockholders, officers, directors or special advisors, or any of
    their affiliates, for any services rendered prior to or in
    connection with the consummation of a business combination,
    other than the monthly fee of $7,500 for office space and
    administrative and support services payable to Clarity Partners,
    L.P., a potential finder&#146;s or success fee to Ladenburg
    Thalmann&#160;&#038; Co. Inc., an affiliate of Dr.&#160;Frost,
    to the extent Ideation enters into an agreement with such
    company in connection with our search for a target business, and
    repayment of non-interest bearing loans of $200,000 in the
    aggregate made by certain of its initial stockholders. However,
    such individuals will be reimbursed for any out-of-pocket
    expenses incurred in connection with activities on the
    company&#146;s behalf such as identifying potential target
    businesses and performing due diligence on suitable business
    combinations. ID Cayman&#146;s audit committee will review and
    approve all reimbursements made to the company&#146;s initial
    stockholders, officers, directors or their affiliates, and any
    reimbursements made to members of the audit committee will be
    reviewed and approved by the company&#146;s board of directors,
    with any interested director abstaining from such review and
    approval. Such review will encompass an analysis of the
    corporate purposes advanced by such expenses and their
    reasonableness as compared to similar services or products that
    could have been procured from an independent third party source.
    There is no limit on the total amount of these out-of-pocket
    expenses reimbursable by ID Cayman, provided that members of its
    management team will not receive reimbursement for any
    out-of-pocket expenses incurred by them to the extent that such
    expenses exceed the amount held outside of the
    Trust&#160;Account (initially, approximately $250,000) and
    interest income on the Trust&#160;Account balance, net of
</DIV>

<P align="center" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <BR>
    218
</DIV><!-- END PAGE WIDTH -->
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<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    taxes payable on such interest, of up to $1,700,000 that may be
    released to Ideation to fund its expenses relating to
    investigating and selecting a target business and other working
    capital requirements, unless a business combination is
    consummated. There will be no review of the reasonableness of
    the expenses other than by the audit committee and, in some
    cases, by the board of directors as described above, or if such
    reimbursement is challenged, by a court of competent
    jurisdiction.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    ID Cayman&#146;s officers, directors and special advisors may be
    paid consulting, management or other fees from the combined
    company with any and all amounts being fully disclosed to
    stockholders, to the extent then known, in the proxy
    solicitation materials furnished to the company&#146;s
    stockholders. It is unlikely, however, that the amount of such
    compensation will be known at the time of a stockholder meeting
    held to consider a business combination, as it will be up to the
    directors of the post-combination business to determine
    executive and director compensation.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    For nine months during the fiscal year ended December&#160;31,
    2008, Ideation paid an affiliated company of one of its officers
    and directors $7,500 per month for office space in Los Angeles,
    California.
</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 2%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><I><FONT style="font-family: 'Times New Roman', Times">Compensation
    of Officers and Directors of SearchMedia</FONT></I></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    For the year ended December&#160;31, 2008, SearchMedia paid its
    senior executive officers and directors an aggregate of
    approximately $69,600 in cash, and granted them 8,840,000 stock
    options and 3,867,000 restricted share awards. For additional
    information on the option and restricted share award grants to
    its officers and directors, see &#147;Certain Relationships and
    Related Party Transactions&#160;&#151; SearchMedia Related Party
    Transactions&#160;&#151; Share Incentives&#160;&#151; Historical
    Award Grants.&#148;
</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 2%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><I><FONT style="font-family: 'Times New Roman', Times">Employment
    Agreements with Executive Officers</FONT></I></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    SearchMedia has entered into employment agreements with each of
    its executive officers. SearchMedia may terminate an executive
    officer&#146;s employment for cause, at any time, without prior
    notice or remuneration, for certain acts of the officer,
    including, but not limited to, a conviction or plea of guilty to
    a felony, negligent or dishonest acts to SearchMedia&#146;s
    detriment or misconduct or a failure to perform agreed duties.
    An executive officer may, upon advance written notice, terminate
    his or her employment if there is a material and substantial
    reduction in his or her authority, duties and responsibilities
    and such resignation is approved by SearchMedia&#146;s board of
    directors. Each executive officer is entitled to certain
    benefits upon termination, including severance pay, if
    SearchMedia terminates the employment without cause or if he or
    she resigns upon the approval of SearchMedia&#146;s board of
    directors. SearchMedia will indemnify an executive officer for
    his or her losses based on or related to his or her acts and
    decisions made in the course of his or her performance of duties
    within the scope of his or her employment.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Each executive officer has agreed to hold in strict confidence
    any trade secrets or confidential information of SearchMedia.
    Each officer also agrees to faithfully and diligently serve
    SearchMedia in accordance with the employment agreement and the
    guidelines, policies and procedures of SearchMedia approved from
    time to time by SearchMedia&#146;s board of directors.
</DIV>
<A name='284'>
<DIV style="margin-top: 18pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">CERTAIN
    RELATIONSHIPS AND RELATED PARTY TRANSACTIONS</FONT></B>
</DIV>
</A>
<A name='285'>
<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">Ideation
    Related Party Transactions</FONT></B>
</DIV>
</A>
<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    On June&#160;12, 2007, in connection with the formation of
    Ideation, it issued 2,500,000&#160;shares of its common stock to
    its initial stockholders for $0.01 per share or a total of
    $25,000. Additionally, Ideation&#146;s initial stockholders
    purchased warrants exercisable for 2,400,000&#160;shares of its
    common stock, for $1.00 per warrant or a total of $2,400,000, in
    a private placement transaction that occurred simultaneously
    with the
</DIV>

<P align="center" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <BR>
    219
</DIV><!-- END PAGE WIDTH -->
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<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>

<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    consummation of its IPO. The table below sets forth the number
    of initial shares purchased and the number of insider warrants
    to be purchased by each of Ideation&#146;s initial stockholders.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<TABLE border="0" width="100%" align="center" cellpadding="0" cellspacing="0" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
<!-- Table Width Row BEGIN -->
<TR style="font-size: 1pt" valign="bottom">
    <TD width="70%">&nbsp;</TD>	<!-- colindex=01 type=maindata -->
    <TD width="2%">&nbsp;</TD>	<!-- colindex=02 type=gutter -->
    <TD width="1%" align="right">&nbsp;</TD>	<!-- colindex=02 type=lead -->
    <TD width="9%" align="right">&nbsp;</TD>	<!-- colindex=02 type=body -->
    <TD width="1%" align="left">&nbsp;</TD>	<!-- colindex=02 type=hang1 -->
    <TD width="3%">&nbsp;</TD>	<!-- colindex=03 type=gutter -->
    <TD width="1%" align="right">&nbsp;</TD>	<!-- colindex=03 type=lead -->
    <TD width="12%" align="right">&nbsp;</TD>	<!-- colindex=03 type=body -->
    <TD width="1%" align="left">&nbsp;</TD>	<!-- colindex=03 type=hang1 -->
</TR>
<!-- Table Width Row END -->
<TR style="font-size: 8pt" valign="bottom" align="center">
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>Number of<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>Number of<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom" align="center">
<TD nowrap align="left" valign="bottom">
<DIV style="border-bottom: 1px solid #000000; width: 1%; padding-bottom: 1px">
    <B>Name</B>
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    <B>Initial Shares</B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    <B>Insider Warrants</B>
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR style="line-height: 3pt; font-size: 1pt">
<TD>&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Frost Gamma Investments Trust(1)
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    1,359,000
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    1,320,000
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Robert N. Fried
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    617,500
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    550,000
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Rao Uppaluri
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    154,500
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    150,000
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Steven D. Rubin
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    154,500
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    150,000
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Jane Hsiao
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    154,500
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    150,000
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Thomas E. Beier
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    10,000
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    5,000
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Shawn Gold
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    10,000
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    5,000
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    David H. Moskowitz
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    10,000
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    5,000
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Thomas H. Baer
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    10,000
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    5,000
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Jarl Mohn
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    10,000
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    30,000
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Nautilus Trust dtd 9/10/99(2)
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    10,000
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    30,000
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="font-size: 1pt">
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Total
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    2,500,000
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    2,400,000
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="font-size: 1pt">
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
</TABLE>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">

</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV style="font-size: 1pt; margin-left: 0%; width: 13%;  align: left; border-bottom: 1pt solid #000000"></DIV><!-- callerid=999 iwidth=456 length=60 -->

<DIV style="margin-top: 3pt; font-size: 1pt">&nbsp;</DIV>



<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">

<TR>
    <TD width="2%"></TD>
    <TD width="1%"></TD>
    <TD width="97%"></TD>
</TR>

<TR>
    <TD align="right" valign="top">
    (1) </TD>
    <TD></TD>
    <TD valign="bottom">
    The beneficiary of Frost Gamma Investments Trust is an entity
    controlled by Dr.&#160;Phillip Frost,&#160;M.D.</TD>
</TR>


<TR style="line-height: 3pt; font-size: 1pt"><TD>&nbsp;</TD></TR>

<TR>
    <TD align="right" valign="top">
    (2) </TD>
    <TD></TD>
    <TD valign="bottom">
    Nautilus Trust dtd 9/10/99 is the grantor trust of Barry A.
    Porter.</TD>
</TR>

</TABLE>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    The proceeds from the sale of the insider warrants were
    deposited in the Trust&#160;Account pending the completion of a
    business combination. The insider warrants are identical to the
    warrants included in the units being offered in an IPO except
    that if Ideation calls the warrants for redemption, the insider
    warrants will be exercisable on a cashless basis so long as such
    warrants are held by Ideation&#146;s initial stockholders or
    their affiliates. Ideation&#146;s initial stockholders have
    agreed that the insider warrants will not be sold or transferred
    by them until 90&#160;days after it has completed a business
    combination, provided however that transfers can be made to
    certain permitted transferees who agree in writing to be bound
    by such transfer restrictions. Accordingly, the insider warrants
    were placed in escrow and will not be released until
    90&#160;days after the completion of a business combination.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    The initial Ideation stockholders are entitled to registration
    rights pursuant to an agreement signed on November&#160;19,
    2007. The holders of the majority of these securities will be
    entitled to make up to two demands that Ideation registers such
    securities. As the initial shares will be released from escrow
    one year after the consummation of a business combination,
    Ideation&#146;s initial stockholders will be able to make a
    demand for registration of the resale of their initial shares at
    any time commencing nine months after the consummation of a
    business combination. Additionally, Ideation&#146;s initial
    stockholders will be able to elect to exercise these
    registration rights with respect to the insider warrants (and
    underlying securities) at any time after it consummates a
    business combination. In addition, the holders will have certain
    &#147;piggy-back&#148; registration rights with respect to
    registration statements filed subsequent to Ideation&#146;s
    consummation of a business combination. Ideation will bear the
    expenses incurred in connection with the filing of any such
    registration statements.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Ideation had agreed to pay Clarity Partners, L.P. a monthly fee
    of $7,500 for office space and administrative and support
    services. Barry A. Porter, one of Ideation&#146;s special
    advisors, is a co-founder and Managing General Partner of
    Clarity Partners, L.P., and the grantor trust of
    Mr.&#160;Porter, Nautilus Trust dtd
    <FONT style="white-space: nowrap">9/10/99,</FONT> is
    one of Ideation&#146;s initial stockholders. Effective
    April&#160;1, 2008, Ideation moved its principal offices to
    1990&#160;S.&#160;Bundy Boulevard, Suite&#160;620, Los Angeles,
    CA 90025. Ideation subleased space and pays $7,500 per month for
    office space and related services to Spirit SMX LLC. Robert N.
    Fried, Ideation&#146;s Chief Executive Officer and one of
    Ideation&#146;s initial shareholders, is the founder and Chief
    Executive Officer of Spirit SMX LLC. Ideation believes, based on
    rents and fees for similar services in the Los Angeles,
    California area, that the fee charged by Spirit SMX LLC is at
    least as favorable as the company could have obtained from any
    unaffiliated person. Ideation&#146;s audit committee approved
    the sub-leasing and administrative and
</DIV>

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    220
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<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    support services agreement with Spirit SMX LLC on March&#160;20,
    2008. Ideation terminated its agreement with Clarity Partners,
    L.P. effective March&#160;31, 2008.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    In January 2009, Ideation moved its principal offices to 1105 N
    Market Street, Suite&#160;1300, Wilmington, Delaware 19801.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Frost Gamma Investments Trust, Robert N. Fried, Rao Uppaluri,
    Steven D. Rubin and Jane Hsiao loaned a total of $200,000 to
    Ideation for the payment of offering expenses. The loans were
    non-interest bearing and were repaid on November&#160;26, 2007
    out of the proceeds of Ideation&#146;s IPO available to it for
    payment of offering expenses.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Ideation will reimburse its officers and directors for any
    reasonable out-of-pocket business expenses incurred by them in
    connection with certain activities on Ideation&#146;s behalf
    such as identifying and investigating possible target businesses
    and business combinations. Ideation&#146;s audit committee will
    review and approve all reimbursements made to its initial
    stockholders, officers, directors or their affiliates, and any
    reimbursements made to members of its audit committee will be
    reviewed and approved by the Ideation board of directors, with
    any interested director abstaining from such review and
    approval. Such review will encompass an analysis of the
    corporate purposes advanced by such expenses and their
    reasonableness as compared to similar services or products that
    could have been procured from an independent third party source.
    There is no limit on the total amount of out-of-pocket expenses
    reimbursable by Ideation, provided that members of
    Ideation&#146;s management team will not receive reimbursement
    for any out-of-pocket expenses incurred by them to the extent
    that such expenses exceed the amount held outside of the
    Trust&#160;Account (initially, approximately $250,000) and
    interest income on the Trust&#160;Account balance, net of taxes
    payable on such interest, of up to $1,700,000 that may be
    released to Ideation to fund its expenses relating to
    investigating and selecting a target business and other working
    capital requirements, unless a business combination is
    consummated. Additionally, there will be no review of the
    reasonableness of the expenses other than by Ideation&#146;s
    audit committee and, in some cases, by the Ideation board of
    directors as described above, or if such reimbursement is
    challenged, by a court of competent jurisdiction.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    No compensation of any kind, including finder&#146;s, consulting
    or other similar fees, will be paid to any of Ideation&#146;s
    initial stockholders, officers, directors or special advisors,
    or any of their affiliates, for any services rendered prior to
    or in connection with the consummation of a business
    combination, other than the monthly fee of $7,500 for office
    space and administrative and support services referred to above,
    a potential finder&#146;s or success fee to Ladenburg
    Thalmann&#160;&#038; Co. Inc., an affiliate of Dr.&#160;Frost,
    to the extent Ideation enters into an agreement with such
    company in connection with Ideation&#146;s search for a target
    business, and repayment of non-interest bearing loans of
    $200,000 in the aggregate made by certain of Ideation&#146;s
    initial stockholders.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    All ongoing and future transactions between Ideation and any of
    its officers and directors or their respective affiliates,
    including loans by Ideation&#146;s officers and directors, will
    be on terms believed by Ideation to be no less favorable to it
    than are available from unaffiliated third parties. Such
    transactions or loans, including any forgiveness of loans, will
    require prior approval by a majority of Ideation&#146;s
    disinterested &#147;independent&#148; directors or the members
    of Ideation&#146;s board who do not have an interest in the
    transaction, in either case who had access, at Ideation&#146;s
    expense, to Ideation&#146;s attorneys or independent legal
    counsel. Ideation will not enter into any such transaction
    unless its disinterested &#147;independent&#148; directors
    determine that the terms of such transaction are no less
    favorable to the company than those that would be available to
    the company with respect to such a transaction from unaffiliated
    third parties.
</DIV>
<A name='286'>
<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">Other
    Conflicts of Interest</FONT></B>
</DIV>
</A>
<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Potential investors should be aware of the following potential
    conflicts of interest:
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="4%"></TD>
    <TD width="2%"></TD>
    <TD width="94%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    None of Ideation&#146;s officers and directors are required to
    commit any specified amount of time to the company&#146;s
    affairs and, accordingly, they may have conflicts of interest in
    allocating their time among various business activities.
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    Members of Ideation&#146;s management team and its directors may
    become aware of business opportunities that may be appropriate
    for presentation to Ideation as well as the other entities with
    which they are or
</TD>
</TR>

</TABLE>

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    <BR>
    221
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<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="4%"></TD>
    <TD width="2%"></TD>
    <TD width="94%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>
</TD>
    <TD align="left">
    may be affiliated. Due to affiliations with other companies,
    members of Ideation&#146;s management team and its directors may
    have fiduciary obligations to present potential business
    opportunities to those entities prior to presenting them to
    Ideation which could cause conflicts of interest. Accordingly,
    members of Ideation&#146;s management team and Ideation&#146;s
    directors may have conflicts of interest in determining to which
    entity a particular business opportunity should be presented.
    For example, Dr.&#160;Frost, Dr.&#160;Uppaluri and
    Mr.&#160;Rubin have fiduciary obligations that arise as a result
    of their affiliation with The Frost Group and Opko Health, Inc.
    While neither The Frost Group nor Opko Health, Inc. presently
    intends to make acquisitions in the digital media sector, to the
    extent that Ideation considers a business combination outside of
    the digital media sector, it may compete with The Frost Group or
    Opko Health, Inc. in pursuing a business combination.
    Additionally, Dr.&#160;Frost owns an equity interest in the
    general partner and in the limited partnership of Peregrine VC
    Investments II, a private venture capital fund based in Israel
    that invests primarily in early-stage Israeli technology
    companies, The Florida Value Fund&#160;LLLP, a private equity
    fund focused on mid-market companies in the State of Florida,
    and Calex Equity Partners, LP, an equity fund with a value
    orientation. The investment focus of Peregrine VC
    Investments&#160;II is on acquiring non-controlling interests of
    companies, and the targeted aggregate capital of such fund is
    $20&#160;million. The investments of The Florida Value
    Fund&#160;LLLP range between $1&#160;million and $4&#160;million
    per company in the form of either equity or mezzanine debt. The
    investment focus of Calex Equity Partners, L.P. is to maximize
    total returns by taking long and short non-controlling positions
    in primarily equity securities of U.S.&#160;and foreign public
    companies. Accordingly, based on the investment criteria of
    Peregrine VC Investments II, The Florida Value Fund&#160;LLLP
    and Calex Equity Partners, LP, Ideation does not expect to
    compete with those funds in our search for a target business or
    businesses. In addition, Mr.&#160;Fried has fiduciary duties to
    Fried Films. Fried Films only acquires motion picture
    screenplays, and, as a result, Ideation does not expect to
    compete with such company in its search for a target business or
    businesses. For a description of the existing affiliations of
    Ideation&#146;s management team and its directors, please see
    the section of Ideation&#146;s latest Annual Report on
    <FONT style="white-space: nowrap">Form&#160;10-K</FONT>
    titled &#147;Directors, Executive Officers and Corporate
    Governance.&#148;
</TD>
</TR>

</TABLE>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="4%"></TD>
    <TD width="2%"></TD>
    <TD width="94%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    Ideation&#146;s officers, directors and special advisors may in
    the future become affiliated with entities, including other
    blank check companies, engaged in business activities similar to
    those intended to be conducted by Ideation. Additionally,
    Ideation&#146;s officers, directors and special advisors may
    organize, promote or become involved with other blank check
    companies, including blank check companies with a focus on the
    digital media sector, either before or after Ideation&#146;s
    consummation of a business combination.
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    The initial shares and insider warrants owned by Ideation&#146;s
    initial stockholders, which includes our officers, directors and
    special advisors, will be released from escrow only if a
    business combination is successfully completed. In addition, the
    insider warrants purchased by Ideation&#146;s initial
    stockholders and any warrants which Ideation&#146;s initial
    stockholders may purchase in this offering or in the aftermarket
    will expire worthless if an initial business combination is not
    consummated. Additionally, Ideation&#146;s initial stockholders
    will not receive liquidation distributions with respect to any
    of their initial shares. For the foregoing reasons, the Ideation
    board of directors may have a conflict of interest in
    determining whether a particular target business is appropriate
    for Ideation and its stockholders.
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    Ideation&#146;s officers and directors may have a conflict of
    interest with respect to evaluating a particular business
    combination if the retention or resignation of any such officers
    and directors were included by a target business as a condition
    to any agreement with respect to an initial business
    combination. Additionally, Ideation&#146;s officers and
    directors may enter into employment or consulting agreements
    with Ideation in connection with a business combination pursuant
    to which they may be entitled to compensation for any services
    provided following such business combination. The personal and
    financial interests of Ideation&#146;s officers and directors
    may influence their motivation in identifying and selecting a
    target business.
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    The ability of the holders of Ideation&#146;s insider warrants
    to exercise the insider warrants on a cashless basis if Ideation
    calls such warrants for redemption may cause a conflict of
    interest in determining when to call the warrants for redemption
    as they would potentially be able to avoid any negative price
</TD>
</TR>

</TABLE>

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    <BR>
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<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="4%"></TD>
    <TD width="2%"></TD>
    <TD width="94%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>
</TD>
    <TD align="left">
    pressure on the price of the warrants and common stock due to
    the redemption through a cashless exercise.
</TD>
</TR>

</TABLE>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="4%"></TD>
    <TD width="2%"></TD>
    <TD width="94%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    Ideation&#146;s initial stockholders, officers, directors and
    special advisors may purchase shares of common stock in the open
    market. If they did, they would be entitled to vote such shares
    as they choose on a proposal to approve a business combination.
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    Ideation&#146;s special advisors have no fiduciary obligations
    to Ideation. Therefore, they have no obligation to present
    business opportunities to Ideation at all and will only do so if
    they believe it will not violate any fiduciary obligations they
    have.
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    Immediately prior to the closing of the business combination,
    The Frost Group, LLC and its affiliates and other non-affiliates
    who acquired (or will acquire at or after the closing) shares in
    satisfaction of the Sponsor Purchase Commitment Amount shall be
    issued a warrant to purchase 0.25 of an ID Cayman share for each
    such share purchased. The exercise price per whole ID Cayman
    share underlying such warrants shall be $7.8815, and the
    aggregate number of shares underlying such warrants issued to
    any one holder shall be rounded up to the nearest whole share.
    Such issuance shall be conditioned upon the execution and
    delivery by such holder of a purchase agreement including
    customary registration rights.
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    On March&#160;19, 2009, SearchMedia received interim financing
    of $1.75&#160;million from Frost Gamma Investments Trust, Robert
    Fried, Rao Uppaluri, and others, and interim financing of
    $1.75&#160;million from CSV and members of SearchMedia&#146;s
    management team. This financing was requested by SearchMedia in
    order to fund working capital until the closing of the
    transactions contemplated by the share exchange agreement. The
    affiliates of Ideation set forth above participated in such
    financing in order to show support for the transactions
    contemplated by the share exchange agreement. Each interim note
    accrues interest at a rate of 12% per annum, which rate shall
    increase to 20% per annum after the maturity date of such note.
    Each note shall mature upon the earliest of: (i)&#160;the
    closing of a Series&#160;D financing by SM Cayman, (ii)&#160;the
    closing of the transactions contemplated by the share exchange
    agreement, and (iii)&#160;the termination of the share exchange
    agreement. At the closing of the business combination, the
    principal amount outstanding under certain promissory notes
    issued to each of Frost Gamma Investments Trust and certain
    other investors shall be converted into (1)&#160;a number of
    ordinary shares of ID Cayman calculated by dividing such
    holder&#146;s outstanding principal amount by $7.8815, rounding
    up to the nearest whole share, and (2)&#160;a number of warrants
    to purchase 0.25 of an ordinary share of ID Cayman, at an
    exercise price per such ordinary share of $7.8815, equal to such
    number of ID Cayman ordinary shares, rounded up to the nearest
    whole share.
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    Ideation has entered into a letter agreement with the Converting
    Noteholders and The Frost Group, LLC. Pursuant to the letter
    agreement, if at any time during the two years following the
    closing of the business combination, ID Cayman issues any
    preferred shares or other equity securities (including
    securities convertible into or exchangeable for preferred shares
    or other equity securities), the parties to the letter agreement
    will have the right to exchange, for such securities, any
    ordinary shares of ID Cayman acquired by them as a result of:
</TD>
</TR>

</TABLE>

<DIV style="margin-top: 3pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="8%"></TD>
    <TD width="4%"></TD>
    <TD width="88%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    (1)&#160;
</TD>
    <TD align="left">
    conversion of an interim note from SM Cayman or the Linden Note;
</TD>
</TR>


<TR style="line-height: 3pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    (2)&#160;
</TD>
    <TD align="left">
    warrant exercises to satisfy the Sponsor Purchase Commitment
    Amount; or
</TD>
</TR>


<TR style="line-height: 3pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    (3)&#160;
</TD>
    <TD align="left">
    open market purchases or new issuances of Ideation shares to
    satisfy the Sponsor Purchase Commitment Amount,
</TD>
</TR>

</TABLE>

<DIV style="margin-top: 3pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 6%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    up to the amount of such issuance by ID Cayman. The valuation of
    the exchanged ordinary shares will be $7.8815 per share.
    Ideation will enter into the same letter agreement with any
    other person or entity that purchases Ideation shares in
    satisfaction of the Sponsor Purchase Commitment Amount after the
    date hereof.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    In general, officers and directors of a corporation incorporated
    under the laws of the State of Delaware are required to present
    business opportunities to a corporation if:
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="4%"></TD>
    <TD width="2%"></TD>
    <TD width="94%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    The corporation could financially undertake the opportunity;
</TD>
</TR>

</TABLE>

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    <BR>
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<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="4%"></TD>
    <TD width="2%"></TD>
    <TD width="94%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    the opportunity is within the corporation&#146;s line of
    business;&#160;and
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    it would not be fair to the corporation and its stockholders for
    the opportunity not to be brought to the attention of the
    corporation.
</TD>
</TR>

</TABLE>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Accordingly, as a result of multiple business affiliations,
    Ideation&#146;s officers and directors may have similar legal
    obligations relating to presenting business opportunities to
    multiple entities. In addition, conflicts of interest may arise
    when Ideation&#146;s board evaluates a particular business
    opportunity. Ideation cannot assure you that any of the above
    mentioned conflicts will be resolved in its favor.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Each of Ideation&#146;s officers, directors and special advisors
    has, or may come to have, to a certain degree, other fiduciary
    obligations. Members of Ideation&#146;s management team,
    Ideation&#146;s directors and its special advisors have
    fiduciary obligations to other companies on whose board of
    directors they presently sit, or may have obligations to
    companies whose board of directors they may join in the future.
    To the extent that they identify business opportunities that may
    be suitable for Ideation or other companies on whose board of
    directors they may sit, Ideation&#146;s officers, directors and
    special advisors will honor those fiduciary obligations.
    Accordingly, they may not present opportunities to Ideation that
    come to their attention in the performance of their duties as
    directors of such other entities unless the other companies have
    declined to accept such opportunities or clearly lack the
    resources to take advantage of such opportunities.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    In order to minimize potential conflicts of interest which may
    arise from multiple corporate affiliations, each of
    Ideation&#146;s officers and directors has agreed, until the
    earliest of a business combination, our liquidation or such time
    as he ceases to be an officer or a director, to present to
    Ideation for our consideration, prior to presentation to any
    other entity, any business opportunity which may reasonably be
    required to be presented to Ideation under Delaware law, subject
    to any pre-existing fiduciary or contractual obligations he
    might have.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    In connection with the vote required for any business
    combination, all of Ideation&#146;s initial stockholders, which
    includes Ideation&#146;s officers, directors and special
    advisors, have agreed to vote their respective shares of common
    stock which were owned prior to this offering in accordance with
    the vote of the public stockholders owning a majority of the
    shares of our common stock sold in this offering. In addition,
    they have agreed to waive their respective rights to participate
    in any liquidation distribution with respect to their initial
    shares. Any common stock acquired by Ideation&#146;s initial
    stockholders in the offering or aftermarket will be considered
    part of the holdings of the public stockholders. Except with
    respect to the conversion rights afforded to public
    stockholders, these initial stockholders will have the same
    rights as other public stockholders with respect to such shares,
    including voting rights in connection with a potential business
    combination. Accordingly, they may vote such shares on a
    proposed business combination any way they choose.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    In the event Ideation considers a target business affiliated
    with a member of the Ideation board of directors, Ideation would
    establish a special committee consisting of disinterested
    members of its board of directors to oversee the negotiations
    with such affiliated entity and evaluate and vote upon the
    business combination. To further minimize potential conflicts of
    interest, Ideation has agreed not to consummate a business
    combination with an entity which is affiliated with any of its
    initial stockholders, which includes its officers, directors and
    special advisors, unless we obtain an opinion from an
    unaffiliated, independent investment banking firm that the
    business combination is fair to Ideation stockholders from a
    financial perspective. Accordingly, to the extent any of our
    initial stockholders are affiliated with an entity that is a
    portfolio company of, or that has received a financial
    investment from, any company that is affiliated with
    Ideation&#146;s initial stockholders, Ideation would not
    consummate a business combination with such entity unless it
    obtained an opinion from an unaffiliated, independent investment
    banking firm that the business combination is fair to Ideation
    stockholders from a financial perspective. Ideation currently
    does not anticipate entering into a business combination with an
    entity affiliated with its management team or its initial
    stockholders.
</DIV>
<A name='287'>
<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">SearchMedia
    Related Party Transactions</FONT></B>
</DIV>
</A>
<A name='288'>
<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">Contractual
    Arrangements with Jingli Shanghai and its Shareholders</FONT></B>
</DIV>
</A>
<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    The PRC government currently restricts foreign ownership of
    companies that provide advertising services and require any
    foreign entities that invest in the advertising services
    industry to have at least two years of direct
</DIV>

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    <BR>
    224
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<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    operations in the advertising industry outside of China.
    SearchMedia has not directly operated an advertising business
    outside of China and cannot qualify under PRC regulations any
    time earlier than two years after SearchMedia commences any such
    operations outside of China or until SearchMedia acquires a
    company that has directly operated an advertising business
    outside of China for the required period of time. SM Cayman is a
    Cayman Islands corporation and a foreign legal person under
    Chinese laws. Accordingly, SearchMedia&#146;s subsidiary, Jieli
    Consulting, is currently ineligible to apply for the required
    licenses for providing advertising services in China.
    SearchMedia&#146;s advertising business is currently provided
    through SearchMedia&#146;s contractual arrangements with its
    consolidated variable interest entity in China, Jingli Shanghai.
    Jingli Shanghai holds the requisite licenses to provide
    advertising services in China. Jingli Shanghai directly operates
    SearchMedia&#146;s advertising network, enters into display
    placement agreements and sells advertising time slots to its
    clients. SearchMedia has been and is expected to continue to be
    dependent on Jingli Shanghai to operate SearchMedia&#146;s
    advertising business. SearchMedia does not have any equity
    interest in Jingli Shanghai but receives the economic benefits
    and absorbs the risk of it through the contractual arrangements
    and certain corporate governance and shareholder rights matters.
    In addition, SearchMedia has entered into agreements with Jingli
    Shanghai and each of the shareholders of Jingli Shanghai which
    provide SearchMedia with a substantial ability to control Jingli
    Shanghai. For a description of these contractual arrangements,
    see &#147;Information about SearchMedia&#160;&#151; Corporate
    Organization and Operating History&#160;&#151; Contractual
    Arrangements with Jingli Shanghai and its Shareholders.&#148;
</DIV>
<A name='289'>
<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">Contractual
    Arrangements with Each of Sige, Dale and Conghui and their
    Respective Shareholders</FONT></B>
</DIV>
</A>
<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    On June&#160;4, 2007, SM Cayman, through Jieli Consulting,
    entered into contractual arrangements with each of Sige, Dale
    and Conghui, similar to those subsequently entered into with
    Jingli Shanghai, which was formed on August&#160;3, 2007 by the
    legal shareholders of Sige and Dale, Ms.&#160;Qinying Liu and
    Ms.&#160;Le Yang. On October&#160;31, 2007, Jieli Consulting
    terminated the contractual arrangements with Conghui due to a
    difference of views on future business plans and strategies
    between the management of SearchMedia and Conghui. SearchMedia
    therefore deconsolidated Conghui in the 2007 period and views
    Sige and Dale as its predecessors.
</DIV>
<A name='290'>
<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">Transactions
    with SearchMedia&#146;s Shareholders, Senior Management
    Personnel and Affiliated Entities of Companies Acquired by
    Shanghai Jingli</FONT></B>
</DIV>
</A>
<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    For the year ended December&#160;31, 2008, revenue of
    $7.0&#160;million was recorded, which represents amounts
    received or receivable from affiliated entities of senior
    management personnel of certain companies acquired by Shanghai
    Jingli for SearchMedia&#146;s provision of advertising services
    to such affiliated entities. As of December&#160;31, 2008,
    $3.7&#160;million was receivable by SearchMedia from such
    affiliated companies of certain companies acquired by Shanghai
    Jingli for SearchMedia&#146;s provision of advertising services
    to these companies. For the year ended December&#160;31, 2008,
    expenses for leases of advertising space of $4.1&#160;million
    were recorded, which represent amounts paid or payable by
    SearchMedia to the affiliated entities of senior management
    personnel of certain companies acquired by Shanghai Jingli for
    leases of advertising space from these affiliated entities.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    As of December&#160;31, 2007, there were amounts due from
    related parties that primarily comprised customer payments
    collected on behalf of SearchMedia by its shareholders and
    senior management personnel of Shanghai Jingli&#146;s acquired
    subsidiaries. As of December&#160;31, 2008, $7.4&#160;million
    was due from SearchMedia&#146;s shareholders and senior
    management personnel of Shanghai Jingli&#146;s acquired
    subsidiaries as payments collected on behalf of, but not yet
    remitted to, SearchMedia. As of December&#160;31, 2008, $337,000
    was payable to SearchMedia as advances made by SearchMedia to
    the senior management personnel of certain companies acquired by
    Shanghai Jingli, and $227,000 and $490,000 were payable by
    SearchMedia to the senior management personnel of certain
    companies acquired by Shanghai Jingli as operating expenses paid
    on behalf of SearchMedia by such personnel and to affiliated
    companies of certain companies acquired by Shanghai Jingli for
    leases of advertising space, respectively.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    On June&#160;23, 2009 pursuant to a repayment agreement between
    them and SM Cayman, or Repayment Agreement, Ms.&#160;Qinying Liu
    and Ms.&#160;Le Yang jointly and severally irrevocably agreed to
    repay certain amounts owing by each of them to SM Cayman,
    together with any other amounts which SM Cayman and its
    independent accountants determine are owing by them to SM Cayman
    after the date of the Repayment
</DIV>

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    <BR>
    225
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<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Agreement, in cash or immediately available funds on or prior to
    the date that is ten business days before the closing of the
    business combination. As of the date of the Repayment Agreement,
    the amount payable by Ms.&#160;Liu to SM Cayman was RMB2,545,962
    and the amount payable by Ms.&#160;Yang to SM Cayman was
    RMB1,739,927.
</DIV>


<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    In the event either of them fails to satisfy their respective
    repayment obligations, SM Cayman will be entitled to repurchase
    shares in accordance with the Repayment Agreement. The aggregate
    number of shares SM Cayman may repurchase will be equal to the
    quotient of (i)&#160;the outstanding payables and other amounts
    owing under the Repayment Agreement and (ii)&#160;US$0.5331.
</DIV>

<A name='350'>
<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">Issuance
    of promissory notes to affiliates of Ideation and
    SearchMedia</FONT></B>
</DIV>
</A>
<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    In March 2009, in connection with the interim financings
    provided to SearchMedia by certain affiliates of Ideation and
    SearchMedia and other related parties, SM Cayman issued the
    following promissory notes: the promissory note dated
    March&#160;19, 2009 in the principal amount of US$1,575,000 to
    FGIT, the promissory note dated March&#160;19, 2009 in the
    principal amount of US$25,000 to Chardan Securities LLC, the
    promissory note dated March&#160;19, 2009 in the principal
    amount of US$25,000 to Robert Fried, the promissory note dated
    March&#160;19, 2009 in the principal amount of US$25,000 to Rao
    Uppaluri, the promissory note dated March&#160;19, 2009 in the
    principal amount of US$100,000 to Halpryn Capital Partners, LLC,
    the promissory note dated March&#160;18, 2009 in the principal
    amount of US$1,500,000 to China Seed Ventures, L.P., the
    promissory note dated March&#160;18, 2009 in the principal
    amount of US$50,000 to Qinying Liu, the promissory note dated
    March&#160;18, 2009 in the principal amount of US$50,000 to Le
    Yang, the promissory note dated March&#160;18, 2009 in the
    principal amount of US$50,000 to Xuebao Yang, the promissory
    note dated March&#160;18, 2009 in the principal amount of
    US$50,000 to Jianhai Huang and the promissory note dated
    March&#160;18, 2009 in the principal amount of US$50,000 to Min
    Wu. SM Cayman also issued warrants to certain of these lenders
    in connection to the interim financing.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>
<A name='291'>
<DIV align="left" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">Shareholders
    Agreement</FONT></B>
</DIV>
</A>
<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    In connection with SM Cayman&#146;s sale of Series&#160;C
    preferred shares, SM Cayman, its subsidiaries and its
    shareholders, including the purchasers of the Series&#160;C
    preferred shares, entered into an amended and restated
    shareholders agreement. Under this shareholders agreement, SM
    Cayman&#146;s board of directors shall comprise of eight
    directors, including: one director designated by holders of its
    Series&#160;C preferred shares, two directors designated by
    Deutsche Bank as long as it
    <FONT style="white-space: nowrap">and/or</FONT> its
    affiliates continue to hold at least 25% of the Series&#160;B
    preferred shares, one director designated by CSV as long as it
    <FONT style="white-space: nowrap">and/or</FONT> its
    affiliates continue to hold at least 25% of the Series&#160;A
    preferred shares, two directors as designated by holders of at
    least a majority of SM Cayman&#146;s ordinary shares and two
    independent directors, who are nominated by holders of a
    majority of SM Cayman&#146;s ordinary shares and approved by
    holders of a majority of SM Cayman&#146;s preferred shares
    voting on an as-converted basis. The shareholders agreement also
    imposes certain restrictions on transfer of shares by SM
    Cayman&#146;s ordinary shareholders and preferred shareholders,
    and grants redemption rights to each holder of SM Cayman&#146;s
    Series&#160;B and Series&#160;C preferred shares in the event a
    qualified IPO as defined in this shareholders&#146; agreement
    does not occur on or after 18&#160;months after the respective
    original issue date of Series&#160;B and Series&#160;C preferred
    shares and again on or after 24&#160;months after the respective
    original issue date of Series&#160;B and Series&#160;C preferred
    shares, subject to certain acceleration conditions. SM Cayman
    and its shareholders each have certain rights of first refusal
    and co-sale rights with respect to any proposed share transfers
    by any of its existing shareholders. The preferred shareholders
    also have a right of participation with respect to the issuance
    of certain new securities. Under this shareholders&#146;
    agreement, holders of SM Cayman&#146;s preferred shares and
    ordinary shares converted from SM Cayman&#146;s preferred shares
    are also entitled to certain registration rights, including
    demand registration, piggyback registration and
    <FONT style="white-space: nowrap">Form&#160;F-3</FONT>
    registration. In addition, at any time after February&#160;28,
    2010, if shareholders holding at least 67% of SM Cayman&#146;s
    outstanding ordinary shares and preferred shares agree to
    transfer all its shares held by them, or vote for a merger or
    consolidation of the company into, or sell all or substantially
    all assets of the company to, a purchaser, to the extent
    Deutsche Bank agrees to such sale in a prior written consent,
    each selling shareholder shall have the right to require each
    shareholder to vote in favor of such sale. The shareholders
    agreement also provides certain protective provisions whereby
    the directors appointed by the preferred shareholders must
    approve certain actions of SM Cayman before such actions can be
</DIV>

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    <BR>
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<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    taken. Such rights, and other rights and obligations of each of
    the SearchMedia shareholders under the shareholders agreement,
    will terminate upon the completion of a qualified IPO or the
    consummation of the business combination.
</DIV>
<A name='292'>
<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">Share
    Incentives</FONT></B>
</DIV>

</A>
<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <I>2008 Employee Stock Incentive Plan.</I>&#160;&#160;SM Cayman
    has adopted a 2008&#160;share incentive plan, or the plan, to
    attract and retain the best available personnel, provide
    additional incentives to employees, directors and consultants,
    and promote the success of its business. The plan took effect on
    January&#160;1, 2008, the date it was approved by SM
    Cayman&#146;s shareholders. As amended, up to 29,400,000
    ordinary shares have been reserved for issuance under the plan.
    As of the date of this proxy statement/prospectus, SM
    Cayman&#146;s management personnel hold options and restricted
    share awards to purchase a total of 15,262,241 ordinary shares.
</DIV>


<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <I>Plan Administration.</I>&#160;&#160;SM Cayman&#146;s board of
    directors, or a committee designated by the board or directors,
    will administer the plan. The committee or the full board of
    directors, as appropriate, will determine the provisions and
    terms and conditions of each award grant.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <I>Types of Awards.</I>&#160;&#160;The types of awards SM Cayman
    may grant under the plan include the following.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="4%"></TD>
    <TD width="2%"></TD>
    <TD width="94%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    options to purchase SM Cayman&#146;s ordinary shares;
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    restricted shares, which represent non-transferable ordinary
    shares, that may be subject to forfeiture, restrictions on
    transferability and other restrictions;&#160;and
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    restricted share units, which represent the right to receive SM
    Cayman&#146;s ordinary shares at a specified date in the future,
    which may be subject to forfeiture.
</TD>
</TR>

</TABLE>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <I>Award Document.</I>&#160;&#160;Awards granted under SM
    Cayman&#146;s plan are each evidenced by an award document that
    sets forth the terms, conditions and limitations for each grant,
    including the exercise price, the number of shares to which the
    award pertains, the conditions upon which an option will become
    vested and exercisable and other customary provisions.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <I>Eligibility.</I>&#160;&#160;SM Cayman may grant awards to (i)
    its employees, directors and consultants, and (ii) employees,
    directors and consultants of any of its parents or subsidiaries
    and of any entity in which SM Cayman or any of its parents or
    subsidiaries holds a substantial ownership interest. Incentive
    share options may be granted to employees of SM Cayman, or any
    of its parents or subsidiaries, and may not be granted to
    employees of a related entity or to independent directors or
    consultants.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <I>Acceleration of Awards upon Change of Control and Corporate
    Transactions.</I>&#160;&#160;Unless otherwise provided in the
    award agreement: 1)the outstanding awards will accelerate by one
    year upon occurrence of a change-of-control transaction where
    the successor entity does not convert, assume or replace SM
    Cayman&#146;s outstanding awards under the plan; 2)&#160;in the
    event of a corporate transaction as defined in the plan,
    including certain amalgamations, arrangements, consolidations or
    schemes of arrangement and the transfer of all or substantially
    all of the company&#146;s assets, each outstanding award that is
    not assumed or replaced by the successor entity will become
    fully vested and immediately exercisable provided that the
    related grantee&#146;s continuous service with SM Cayman shall
    not be terminated before that date; and 3)&#160;furthermore, in
    the event of a corporate transaction, each outstanding award
    that is assumed or replaced by the successor entity will become
    fully vested and immediately exercisable immediately upon
    termination of the participant&#146;s employment or service
    within twelve (12)&#160;months of the Corporate Transaction
    without cause.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <I>Term of the Awards.</I>&#160;&#160;The term of each award
    grant shall be stated in the award agreement, provided that the
    term for an option shall not exceed ten years from the date of
    the grant, unless shareholder approval is obtained for amending
    the plan to extend the exercise period for an option beyond ten
    years from the date of the grant.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <I>Vesting Schedule.</I>&#160;&#160;In general, the plan
    administrator determines, or the award agreement specifies, the
    vesting schedule.
</DIV>

<P align="center" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <BR>
    227
</DIV><!-- END PAGE WIDTH -->
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<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>

<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <I>Transfer Restrictions.</I>&#160;&#160;Except as otherwise
    provided by the committee that administers the plan, awards
    granted under the plan may not be assigned, transferred or
    otherwise disposed of by the award holders other than by will or
    the laws of descent and distribution.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <I>Termination and Amendment of the Plan.</I>&#160;&#160;Unless
    terminated earlier, the plan will expire on, and no award may be
    granted pursuant to the plan after, the tenth anniversary of its
    effective date. With the approval of SM Cayman&#146;s board of
    directors, the committee that administers the plan may amend or
    terminate the plan, except that shareholder approval shall be
    obtained to the extent necessary or desirable to comply with
    applicable laws or stock exchange rules, or for amendments to
    the plan that increase the number of shares available under the
    plan, permit the committee to extend the term of the plan or the
    exercise price of an option beyond ten years from the date of
    grant or result in a material increase in benefits or a change
    in eligibility requirements.
</DIV>


<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <I>Historical Award Grants.</I>&#160;&#160;As of the date of
    this proxy statement/prospectus, the number of ordinary shares
    that may be issued upon the exercise of outstanding options and
    restricted share awards granted under the Plan is 12,262,241,
    including options to purchase 8,395,000 ordinary shares and
    3,867,241 restricted share awards. Of these, a total of options
    to purchase 8,840,000 ordinary shares were issued to SM
    Cayman&#146;s management personnel in 2008, 95,000 of which were
    subsequently cancelled in July 2009 and 2,000,000 were cancelled
    in September 2009. Additional options to purchase 1,650,000
    ordinary shares were issued to SM Cayman&#146;s management
    personnel from January 2009 to July 2009. The 3,867,000
    restricted share awards were issued to SM Cayman&#146;s
    management personnel in 2008. The outstanding stock options
    granted in 2008 have exercise prices ranging from $0.0001 to $3
    per share, vesting periods of three to four years and a term of
    10&#160;years from the date of grant. On the other hand, the
    4,650,000 stock options granted from January 2009 to September
    2009 have an exercise price of $0.5323 per share, a vesting
    period of three to four years and a term of 10 years from the
    date of grant. Out of the 3,867,000 restricted share awards
    granted in 2008, 2,667,241 restricted share awards will vest
    contingent upon the achievement of certain performance goals,
    and the remaining restricted share awards will vest 50% after
    the first year of service and ratably each month over the
    remaining 12&#160;months.
</DIV>


<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 2%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><I><FONT style="font-family: 'Times New Roman', Times">Share
    Exchange Agreement and Related Documents</FONT></I></B>
</DIV>


<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    SearchMedia&#146;s officers and directors have certain interests
    in the share exchange agreement and related transaction
    documents. See &#147;Interests of Ideation Officers and
    Directors in the Business Combination.&#148;
</DIV>



<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 2%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><I><FONT style="font-family: 'Times New Roman', Times">Review,
    Approval, and Ratification of Related Party
    Transactions</FONT></I></B>
</DIV>


<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    To date, SearchMedia&#146;s board of directors has not adopted
    any written procedures for reviewing such transactions or any
    standards of approval, but instead evaluates each transaction on
    a
    <FONT style="white-space: nowrap">case-by-case</FONT>
    basis.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Following consummation of the business combination, ID Cayman
    will neither directly nor indirectly nor through any subsidiary
    make loans, extend credit, maintain credit or arrange for the
    extension of credit or renew an extension of credit in the form
    of a personal loan to or for any director or executive officer
    of ID Cayman, in compliance with the provisions of the Sarbanes
    Oxley Act of 2002. In addition, ID Cayman expects to adopt an
    audit committee charter that will requires the audit committee
    to review and approve all related party transactions, assure
    compliance with ID Cayman&#146;s code of ethics and monitor and
    discuss with the auditors and outside counsel policies and
    compliance with applicable accounting and legal standards and
    requirements.
</DIV>


<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    For a discussion of the interests of the SearchMedia executive
    officers and directors in the business combination, see
    &#147;Interests of SearchMedia Officers and Directors in the
    Business Combination.&#148;
</DIV>


<P align="center" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <BR>
    228
</DIV><!-- END PAGE WIDTH -->
<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>

<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->
<A name='293'>
<DIV style="margin-top: 18pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">BENEFICIAL
    OWNERSHIP OF SECURITIES</FONT></B>
</DIV>
</A>
<A name='294'>
<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">Security
    Ownership of Ideation</FONT></B>
</DIV>

<DIV align="left"><FONT size="1">

</FONT></DIV>
</A>
<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    The following table sets forth information regarding the
    beneficial ownership of our common stock as of
    September&#160;28, 2009, by:
</DIV>

<DIV align="left"><FONT size="1">

</FONT></DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="4%"></TD>
    <TD width="2%"></TD>
    <TD width="94%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    each person known by us to be the beneficial owner of more than
    5% of our outstanding shares of common stock;
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    each of our officers and directors;&#160;and
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    all our officers and directors as a group.
</TD>
</TR>

</TABLE>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    As of October&#160;2, 2009, the record date, we had
    12,500,000&#160;shares of common stock issued and outstanding.
    Unless otherwise indicated, we believe that all persons named in
    the table have sole voting and investment power with respect to
    all shares of common stock beneficially owned by them.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    In January 2009, we moved our principal offices to
    1105&#160;N.&#160;Market Street, Suite&#160;1300, Wilmington,
    Delaware 19801.
</DIV>

<TABLE border="0" width="100%" align="center" cellpadding="0" cellspacing="0" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
<!-- Table Width Row BEGIN -->
<TR style="font-size: 1pt" valign="bottom">
    <TD width="46%">&nbsp;</TD>	<!-- colindex=01 type=maindata -->
    <TD width="2%">&nbsp;</TD>	<!-- colindex=02 type=gutter -->
    <TD width="1%" align="right">&nbsp;</TD>	<!-- colindex=02 type=lead -->
    <TD width="1%" align="right">&nbsp;</TD>	<!-- colindex=02 type=body -->
    <TD width="1%" align="left">&nbsp;</TD>	<!-- colindex=02 type=hang1 -->
    <TD width="3%">&nbsp;</TD>	<!-- colindex=03 type=gutter -->
    <TD width="1%" align="right">&nbsp;</TD>	<!-- colindex=03 type=lead -->
    <TD width="20%" align="right">&nbsp;</TD>	<!-- colindex=03 type=body -->
    <TD width="1%" align="left">&nbsp;</TD>	<!-- colindex=03 type=hang1 -->
    <TD width="3%">&nbsp;</TD>	<!-- colindex=04 type=gutter -->
    <TD width="1%" align="right">&nbsp;</TD>	<!-- colindex=04 type=lead -->
    <TD width="21%" align="right">&nbsp;</TD>	<!-- colindex=04 type=body -->
    <TD width="1%" align="left">&nbsp;</TD>	<!-- colindex=04 type=hang1 -->
</TR>
<!-- Table Width Row END -->
<TR style="font-size: 8pt" valign="bottom" align="center">
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>Amount and Nature of<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>Approximate Percentage of<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom" align="center">
<TD nowrap align="left" valign="bottom">
<DIV style="border-bottom: 1px solid #000000; width: 1%; padding-bottom: 1px">
    <B>Name and Address of Beneficial Owner(2)</B>
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    <B>Beneficial Ownership(1)(3)</B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    <B>Outstanding Common Stock</B>
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR style="line-height: 3pt; font-size: 1pt">
<TD>&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    <B><U>Executive Officers and Directors</U></B>
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Dr.&#160;Phillip Frost,&#160;M.D.(4)(5)
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    2,034,900
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    16.3
</TD>
<TD nowrap align="left" valign="bottom">
    %
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Robert N. Fried(5)
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    620,500
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    5.0
</TD>
<TD nowrap align="left" valign="bottom">
    %
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Rao Uppaluri(5)
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    159,500
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    1.3
</TD>
<TD nowrap align="left" valign="bottom">
    %
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Steven D. Rubin(5)
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    157,500
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    1.3
</TD>
<TD nowrap align="left" valign="bottom">
    %
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Thomas E. Beier(5)
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    10,000
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    *
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Shawn Gold(5)
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    10,000
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    *
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    David H. Moskowitz(5)
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    10,000
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    *
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Glenn Halpryn(5)
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    0
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    *
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    All executive officers and directors as a group (8 individuals)
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    3,002,400
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    24.0
</TD>
<TD nowrap align="left" valign="bottom">
    %
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    <B><U>5% Holders</U></B>
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Frost Gamma Investments Trust(6)
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    2,034,900
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    16.3
</TD>
<TD nowrap align="left" valign="bottom">
    %
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    HBK Investments L.P.(7)
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    1,249,984
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    10.0
</TD>
<TD nowrap align="left" valign="bottom">
    %
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Kenneth J. Abdalla(8)
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    675,700
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    5.4
</TD>
<TD nowrap align="left" valign="bottom">
    %
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Jonathan M. Glaser(9)
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    655,000
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    5.2
</TD>
<TD nowrap align="left" valign="bottom">
    %
</TD>
</TR>
</TABLE>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">

</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV style="font-size: 1pt; margin-left: 0%; width: 13%;  align: left; border-bottom: 1pt solid #000000"></DIV><!-- callerid=999 iwidth=456 length=60 -->

<DIV style="margin-top: 3pt; font-size: 1pt">&nbsp;</DIV>



<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">

<TR>
    <TD width="3%"></TD>
    <TD width="1%"></TD>
    <TD width="96%"></TD>
</TR>

<TR>
    <TD align="right" valign="top">
    *&#160;</TD>
    <TD></TD>
    <TD valign="bottom">
    less than 1%</TD>
</TR>

</TABLE>

<DIV align="left"><FONT size="1">

</FONT></DIV>

<DIV style="margin-top: 3pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">

<TR>
    <TD width="3%"></TD>
    <TD width="1%"></TD>
    <TD width="96%"></TD>
</TR>

<TR>
    <TD align="right" valign="top">
    (1) </TD>
    <TD></TD>
    <TD valign="bottom">
    Includes shares of common stock which the person has the right
    to acquire within 60&#160;days of September&#160;28, 2009.</TD>
</TR>

</TABLE>

<DIV align="left"><FONT size="1">

</FONT></DIV>

<DIV style="margin-top: 3pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">

<TR>
    <TD width="3%"></TD>
    <TD width="1%"></TD>
    <TD width="96%"></TD>
</TR>

<TR>
    <TD align="right" valign="top">
    (2) </TD>
    <TD></TD>
    <TD valign="bottom">
    Unless otherwise noted, the business address of each of the
    following is 1105&#160;N.&#160;Market Street, Suite&#160;1300,
    Wilmington, DE 19801.</TD>
</TR>


<TR style="line-height: 3pt; font-size: 1pt"><TD>&nbsp;</TD></TR>

<TR>
    <TD align="right" valign="top">
    (3) </TD>
    <TD></TD>
    <TD valign="bottom">
    Does not reflect 2,400,000&#160;shares of common stock issuable
    upon exercise of warrants held by certain of our initial
    stockholders, and additional warrants accumulated by initial
    stockholders in open market purchases, which are not exercisable
    until the completion of a business combination.</TD>
</TR>


<TR style="line-height: 3pt; font-size: 1pt"><TD>&nbsp;</TD></TR>

<TR>
    <TD align="right" valign="top">
    (4) </TD>
    <TD></TD>
    <TD valign="bottom">
    The number of shares beneficially owned by Dr.&#160;Frost
    includes shares of common stock beneficially owned by Frost
    Gamma Investments Trust, of which Frost Gamma Limited
    Partnership is the sole and exclusive beneficiary.
    Dr.&#160;Frost is one of two limited partners of Frost Gamma
    Limited Partnership. The general partner of Frost Gamma Limited
    Partnership is Frost Gamma, Inc. and the sole shareholder of
    Frost Gamma, Inc. is Frost-Nevada Corporation. Dr.&#160;Frost is
    also the sole shareholder of Frost-Nevada Corporation.</TD>
</TR>

</TABLE>

<P align="center" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <BR>
    229
</DIV><!-- END PAGE WIDTH -->
<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>

<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->

<DIV style="margin-top: 3pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">

<TR>
    <TD width="3%"></TD>
    <TD width="1%"></TD>
    <TD width="96%"></TD>
</TR>

<TR>
    <TD align="right" valign="top">
    (5) </TD>
    <TD></TD>
    <TD valign="bottom">
    Includes additional common shares accumulated by initial
    stockholders in open market purchases; however, warrants
    accumulated in open market purchases have been excluded.</TD>
</TR>

<TR style="line-height: 3pt; font-size: 1pt"><TD>&nbsp;</TD></TR>

<TR>
    <TD align="right" valign="top">
    (6) </TD>
    <TD></TD>
    <TD valign="bottom">
    The business address of Frost Gamma Investments Trust is 4400
    Biscayne Blvd., Suite&#160;1500, Miami, Florida 33137. Frost
    Gamma Limited Partnership is the sole and exclusive beneficiary
    of Frost Gamma Investments Trust. Dr.&#160;Frost is one of two
    limited partners of Frost Gamma Limited Partnership. The general
    partner of Frost Gamma Limited Partnership is Frost Gamma, Inc.
    and the sole shareholder of Frost Gamma, Inc. is Frost-Nevada
    Corporation. Dr.&#160;Frost is also the sole shareholder of
    Frost-Nevada Corporation.</TD>
</TR>


<TR style="line-height: 3pt; font-size: 1pt"><TD>&nbsp;</TD></TR>

<TR>
    <TD align="right" valign="top">
    (7) </TD>
    <TD></TD>
    <TD valign="bottom">
    HBK Investments L.P. has delegated discretion to vote and
    dispose of the securities to HBK Services LLC, or HBK Services.
    HBK Services may, from time to time, delegate discretion to vote
    and dispose of certain of the securities to HBK New York LLC, a
    Delaware limited liability company, HBK Virginia LLC, a Delaware
    limited liability company, HBK Europe Management LLP, a limited
    liability partnership organized under the laws of the United
    Kingdom, and/or HBK Hong Kong Ltd., a corporation organized
    under the laws of Hong Kong, or collectively, the Subadvisors.
    Each of HBK Services and the Subadvisors is under common control
    with HBK Investments L.P. The Subadvisors expressly declare that
    the filing of this statement on Schedule&#160;13G shall not be
    construed as an admission that they are, for the purpose of
    Section&#160;13(d) or 13(g) of the Securities Exchange Act of
    1934, beneficial owners of the securities.</TD>
</TR>
    <FONT style="font-size: 10pt">
    </FONT>

<TR style="line-height: 3pt; font-size: 1pt"><TD>&nbsp;</TD></TR>

<TR>
    <TD align="right" valign="top">
</TD>
    <TD></TD>
    <TD valign="bottom">
    Jamiel A. Akhtar, Richard L. Booth, David C. Haley, Lawrence H.
    Lebowitz and William E. Rose are each managing members, or
    collectively, the Members, of HBK Management LLC. The Members
    expressly declare that the filing of this statement on
    Schedule&#160;13G shall not be construed as an admission that
    they are, for the purpose of Section&#160;13(d) or 13(g) of the
    Securities Exchange Act of 1934, beneficial owners of the
    securities.</TD>
</TR>
    <FONT style="font-size: 10pt">
    </FONT>

<TR style="line-height: 3pt; font-size: 1pt"><TD>&nbsp;</TD></TR>

<TR>
    <TD align="right" valign="top">
</TD>
    <TD></TD>
    <TD valign="bottom">
    The business address of HBK Investments L.P. is 300 Crescent
    Court, Suite&#160;700, Dallas, Texas 75201.</TD>
</TR>
    <FONT style="font-size: 10pt">
    </FONT>

<TR style="line-height: 3pt; font-size: 1pt"><TD>&nbsp;</TD></TR>

<TR>
    <TD align="right" valign="top">
</TD>
    <TD></TD>
    <TD valign="bottom">
    The foregoing information is derived from a Schedule&#160;13G/A
    filed with the SEC on January&#160;18, 2008.</TD>
</TR>


<TR style="line-height: 3pt; font-size: 1pt"><TD>&nbsp;</TD></TR>

<TR>
    <TD align="right" valign="top">
    (8) </TD>
    <TD></TD>
    <TD valign="bottom">
    Based on Schedule&#160;13D filed with the SEC on May&#160;15,
    2009, the aggregate amount of common stock beneficially owned by
    the reporting person includes: (a)&#160;371,500&#160;shares held
    by Malibu Partners LLC and (b)&#160;304,200&#160;shares held by
    Broad Beach Partners LLC. Kenneth J. Abdalla is the managing
    member of Malibu Partners LLC and has voting and dispositive
    power with respect to all the shares. The address of this
    reporting person is 15332 Antioch Street #528, Pacific
    Palisades, CA 90272.</TD>
</TR>

<TR style="line-height: 3pt; font-size: 1pt"><TD>&nbsp;</TD></TR>

<TR>
    <TD align="right" valign="top">
    (9) </TD>
    <TD></TD>
    <TD valign="bottom">
    Pacific Asset Management, LLC, or PAM, and JMG Capital
    Management, LLC, or JMG LLC, are investment advisers whose
    clients have the right to receive or the power to direct the
    receipt of dividends from, or the proceeds from the sale of, the
    common stock. No client separately holds more than five percent
    of the outstanding common stock. PAM is the investment adviser
    to an investment fund and Pacific Capital Management, Inc., or
    PCM, is a member of PAM. Mr.&#160;Glaser, Mr.&#160;David and
    Mr.&#160;Richter are control persons of PCM and PAM. JMG LLC is
    the investment adviser and general partner of an investment
    limited partnership and JMG Capital Management, Inc., or JMG
    Inc., is a member of JMG LLC. Mr.&#160;Glaser is the control
    person of JMG Inc. and JMG LLC.</TD>
</TR>

</TABLE>


<DIV style="margin-top: 3pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">

<TR>
    <TD width="3%"></TD>
    <TD width="1%"></TD>
    <TD width="96%"></TD>
</TR>

<TR>
    <TD align="right" valign="top">
</TD>
    <TD></TD>
    <TD valign="bottom">
    The business address of JMG LLC, JMG Inc. and Mr.&#160;Glaser is
    11601 Wilshire Boulevard, Suite&#160;2180, Los Angeles, CA
    90025. The business address of PAM, PCM, Mr.&#160;David and
    Mr.&#160;Richter is 100 Drakes Landing, Suite&#160;207,
    Greenbrae, CA 94904. The foregoing information is derived from a
    Schedule&#160;13G filed with the SEC on February&#160;17, 2009.</TD>
</TR>

</TABLE>


<P align="center" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <BR>
    230
</DIV><!-- END PAGE WIDTH -->
<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>

<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->
<A name='295'>
<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">Security
    Ownership of SearchMedia</FONT></B>
</DIV>

</A>
<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    The following table sets forth certain information regarding the
    beneficial ownership of SM Cayman&#146;s ordinary shares as of
    September&#160;21, 2009 by (i)&#160;each person or group of
    affiliated persons known to beneficially own more than five
    percent of SM Cayman&#146;s ordinary shares, (ii)&#160;each
    named executive officer or director of SM Cayman and
    (iii)&#160;all current officers and directors of SM Cayman as a
    group.
</DIV>


<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>


<TABLE border="0" width="100%" align="center" cellpadding="0" cellspacing="0" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
<!-- Table Width Row BEGIN -->
<TR style="font-size: 1pt" valign="bottom">
    <TD width="60%">&nbsp;</TD>	<!-- colindex=01 type=maindata -->
    <TD width="2%">&nbsp;</TD>	<!-- colindex=02 type=gutter -->
    <TD width="1%" align="right">&nbsp;</TD>	<!-- colindex=02 type=lead -->
    <TD width="13%" align="right">&nbsp;</TD>	<!-- colindex=02 type=body -->
    <TD width="1%" align="left">&nbsp;</TD>	<!-- colindex=02 type=hang1 -->
    <TD width="3%">&nbsp;</TD>	<!-- colindex=03 type=gutter -->
    <TD width="1%" align="right">&nbsp;</TD>	<!-- colindex=03 type=lead -->
    <TD width="14%" align="right">&nbsp;</TD>	<!-- colindex=03 type=body -->
    <TD width="1%" align="left">&nbsp;</TD>	<!-- colindex=03 type=hang1 -->
    <TD width="3%">&nbsp;</TD>	<!-- colindex=04 type=gutter -->
    <TD width="1%" align="right">&nbsp;</TD>	<!-- colindex=04 type=lead -->
    <TD width="1%" align="right">&nbsp;</TD>	<!-- colindex=04 type=body -->
    <TD width="1%" align="left">&nbsp;</TD>	<!-- colindex=04 type=hang1 -->
</TR>
<!-- Table Width Row END -->
<TR style="font-size: 8pt" valign="bottom" align="center">
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>Percentage of Class<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom" align="center">
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>of Ordinary Shares<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom" align="center">
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>Ordinary Shares<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>Beneficially<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom" align="center">
<TD nowrap align="left" valign="bottom">
<DIV style="border-bottom: 1px solid #000000; width: 1%; padding-bottom: 1px">
    <B>Beneficial Owner(1)</B>
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    <B>Beneficially Owned</B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    <B>Owned (%)(2)</B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR style="line-height: 3pt; font-size: 1pt">
<TD>&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    <B> Executive Officers and Directors</B>
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Qinying Liu(3)
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    14,224,653
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    14.4
</TD>
<TD nowrap align="left" valign="bottom">
    %
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Le Yang(4)
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    14,224,653
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    14.4
</TD>
<TD nowrap align="left" valign="bottom">
    %
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Earl Yen(5)
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    20,010,307
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    20.3
</TD>
<TD nowrap align="left" valign="bottom">
    %
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Tommy Cheung
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Garbo Lee(6)
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    *
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    *
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Jennifer Huang(7)
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    *
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    *
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Andrew Gormley
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    All Executive Officers and Directors as a Group
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    48,459,613
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    49.1
</TD>
<TD nowrap align="left" valign="bottom">
    %
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    <B>Principal Shareholders:</B>
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Deutsche Bank A.G., HK Branch(8)
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    31,753,771
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    32.2
</TD>
<TD nowrap align="left" valign="bottom">
    %
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    China Seed Ventures, L.P.(5)
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    20,010,307
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    20.3
</TD>
<TD nowrap align="left" valign="bottom">
    %
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Qinying Liu(3)
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    14,224,653
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    14.4
</TD>
<TD nowrap align="left" valign="bottom">
    %
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Le Yang(4)
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    14,224,653
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    14.4
</TD>
<TD nowrap align="left" valign="bottom">
    %
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Sun Hing Associates Limited(9)
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    12,348,688
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    12.5
</TD>
<TD nowrap align="left" valign="bottom">
    %
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Vervain Equity Investment(10)
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    5,292,293
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    5.4
</TD>
<TD nowrap align="left" valign="bottom">
    %
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
</TABLE>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">

</DIV>


<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV style="font-size: 1pt; margin-left: 0%; width: 13%;  align: left; border-bottom: 1pt solid #000000"></DIV><!-- callerid=999 iwidth=456 length=60 -->

<DIV style="margin-top: 3pt; font-size: 1pt">&nbsp;</DIV>



<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">

<TR>
    <TD width="2%"></TD>
    <TD width="1%"></TD>
    <TD width="97%"></TD>
</TR>

<TR>
    <TD align="right" valign="top">
    *&#160;</TD>
    <TD></TD>
    <TD valign="bottom">
    Less than 1%.</TD>
</TR>

</TABLE>

<DIV style="margin-top: 3pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">

<TR>
    <TD width="3%"></TD>
    <TD width="1%"></TD>
    <TD width="96%"></TD>
</TR>

<TR>
    <TD align="right" valign="top">
    (1) </TD>
    <TD></TD>
    <TD valign="bottom">
    Except as otherwise indicated or in cases in which spouses share
    authority under applicable law, SM Cayman believes that each
    shareholder identified in the table directly owns, and has sole
    voting and investment power with respect to, all ordinary shares
    shown as beneficially owned by such shareholder. Beneficial
    ownership is calculated pursuant to Rule 13d-3(d)(1) under the
    Exchange Act.</TD>
</TR>

</TABLE>


<DIV style="margin-top: 3pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">

<TR>
    <TD width="3%"></TD>
    <TD width="1%"></TD>
    <TD width="96%"></TD>
</TR>

<TR>
    <TD align="right" valign="top">
    (2) </TD>
    <TD></TD>
    <TD valign="bottom">
    Applicable percentage ownership is based on 98,652,365 ordinary
    shares of SM Cayman outstanding as of July&#160;14, 2009.</TD>
</TR>

</TABLE>


<DIV style="margin-top: 3pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">

<TR>
    <TD width="3%"></TD>
    <TD width="1%"></TD>
    <TD width="96%"></TD>
</TR>

<TR>
    <TD align="right" valign="top">
    (3) </TD>
    <TD></TD>
    <TD valign="bottom">
    Excludes 600,000 ordinary shares issuable upon exercise of
    options held by Mr.&#160;Guojun Liang, Ms.&#160;Liu&#146;s
    husband. The business address of Ms.&#160;Liu is 4B, Ying Long
    Building 1358 Yan An Road West, Shanghai 200052, People&#146;s
    Republic of China.</TD>
</TR>


<TR style="line-height: 3pt; font-size: 1pt"><TD>&nbsp;</TD></TR>

<TR>
    <TD align="right" valign="top">
    (4) </TD>
    <TD></TD>
    <TD valign="bottom">
    The business address of Ms.&#160;Yang is 4B, Ying Long Building
    1358 Yan An Road West, Shanghai 200052, People&#146;s Republic
    of China.</TD>
</TR>

</TABLE>


<DIV style="margin-top: 3pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">

<TR>
    <TD width="3%"></TD>
    <TD width="1%"></TD>
    <TD width="96%"></TD>
</TR>

<TR>
    <TD align="right" valign="top">
    (5) </TD>
    <TD></TD>
    <TD valign="bottom">
    Represents 1,386,528 ordinary shares, and 18,623,779 ordinary
    shares issuable upon conversion of all the 10,000,000
    Series&#160;A, 909,091 Series&#160;B and 7,714,688 Series&#160;C
    preferred shares, held by China Seed Venture Management Limited
    as the general partner for and on behalf of China Seed Ventures,
    L.P., a Cayman Islands exempted limited partnership, with the
    business address at Room&#160;104 Building 18, No.&#160;800
    Huashan Road, Shanghai, China. China Seed Ventures Management
    Limited is a Cayman Islands limited company. China Seed Ventures
    Management Limited, is controlled by Earl Yen, Ralph Ungermann,
    and Michael Liao. Accordingly, Mr.&#160;Yen has shared voting
    and dispositive power over all the shares held by China Seed
    Ventures Management Limited as the general partner of China Seed
    Ventures, L.P. As a result of the foregoing, Mr.&#160;Yen is
    deemed to be the beneficial owner of 20,010,307 ordinary shares
    of SM Cayman. Mr.&#160;Yen disclaims beneficial ownership of
    these 20,010,307 ordinary shares except to the extent of his
    pecuniary interest therein. The address for these management is </TD>
</TR>

</TABLE>


<P align="center" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <BR>
    231
</DIV><!-- END PAGE WIDTH -->
<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>

<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">

<TR>
    <TD width="3%"></TD>
    <TD width="1%"></TD>
    <TD width="96%"></TD>
</TR>

<TR>
    <TD valign="top">
</TD>
    <TD></TD>
    <TD valign="bottom">
    Offshore Incorporations (Cayman) Limited, Scotia Centre, 4th
    Floor, P.O.&#160;Box&#160;2804, George Town, Grand Cayman,
    Cayman Islands.</TD>
</TR>


<TR style="line-height: 3pt; font-size: 1pt"><TD>&nbsp;</TD></TR>

<TR>
    <TD align="right" valign="top">
    (6) </TD>
    <TD></TD>
    <TD valign="bottom">
    Represents ordinary shares issuable upon exercise of options
    held by Ms.&#160;Garbo Lee within 60&#160;days after the date of
    this proxy statement/prospectus. The Business address of
    Ms.&#160;Lee is 4B, Ying Long Building 1358 Yan An Road West,
    Shanghai 200052, People&#146;s Republic of China.</TD>
</TR>


<TR style="line-height: 3pt; font-size: 1pt"><TD>&nbsp;</TD></TR>

<TR>
    <TD align="right" valign="top">
    (7) </TD>
    <TD></TD>
    <TD valign="bottom">
    Represents ordinary shares issuable upon exercise of restricted
    share awards held by Ms.&#160;Jennifer Huang within 60&#160;days
    after the date of this proxy statement/prospectus. The business
    address of Ms.&#160;Huang is 4B, Ying&#160;Long Building 1358
    Yan An Road West, Shanghai 200052, People&#146;s Republic of
    China.</TD>
</TR>

</TABLE>


<DIV style="margin-top: 3pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">

<TR>
    <TD width="3%"></TD>
    <TD width="1%"></TD>
    <TD width="96%"></TD>
</TR>

<TR>
    <TD align="right" valign="top">
    (8) </TD>
    <TD></TD>
    <TD valign="bottom">
    Represents ordinary shares issuable upon conversion of all of
    the 31,753,771 Series&#160;B preferred shares held by Deutsche
    Bank A.G., acting through its Hong Kong Branch, with its
    registered office at 48/F Cheung Kong Center, 2 Queen&#146;s
    Road Central, Hong Kong. Deutsche Bank AG is listed on the New
    York Stock Exchange.</TD>
</TR>

</TABLE>



<DIV style="margin-top: 3pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">

<TR>
    <TD width="3%"></TD>
    <TD width="1%"></TD>
    <TD width="96%"></TD>
</TR>

<TR>
    <TD align="right" valign="top">
    (9) </TD>
    <TD></TD>
    <TD valign="bottom">
    Represents 12,348,688 ordinary shares issuable upon conversion
    of all the 12,348,688 Series&#160;C preferred shares, held by
    Sun Hing Associates Limited, a limited liability company
    incorporated in British Virgin Islands, with the registered
    address at PO Box 957, Offshore Incorporations Centre, Road
    Town, Tortola, British Virgin Islands. Sun Hing Associates
    Limited is wholly owned and controlled by Chen Ding Hwa.</TD>
</TR>

</TABLE>



<DIV style="margin-top: 3pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">

<TR>
    <TD width="3%"></TD>
    <TD width="1%"></TD>
    <TD width="96%"></TD>
</TR>

<TR>
    <TD align="right" valign="top">
    (10)</TD>
    <TD></TD>
    <TD valign="bottom">
    Represents 5,292,293 ordinary shares issuable upon conversion of
    all the 5,292,293 Series&#160;C preferred shares, held by
    Vervain Equity Investment Limited, a limited liability company
    incorporated in British Virgin Islands, with the registered
    address at P.O. Box 957, Offshore Incorporations Centre, Road
    Town, Tortola, British Virgin Islands. Vervain Equity Investment
    Limited is wholly owned and controlled by Chen Wei Wei Vivian.</TD>
</TR>

</TABLE>

<A name='296'>
<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">Security
    Ownership of the Combined Company after the Redomestication and
    Business Combination</FONT></B>
</DIV>
</A>
<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    The following table sets forth information with respect to the
    beneficial ownership of the ID Cayman ordinary shares
    immediately after the consummation of the redomestication and
    business combination by each person who is expected to
    beneficially own more than 5% of ID Cayman&#146;s ordinary
    shares and each post-business combination officer, each
    post-business combination director and all post-business
    combination officers and directors as a group. Immediately after
    the consummation of the redomestication and the business
    combination, assuming that no Ideation stockholders exercise
    their conversion rights, ID Cayman will have 21,078,215 ordinary
    shares issued and outstanding. In addition, ID Cayman has agreed
    to issue to the SearchMedia shareholders up to 10,150,352
    additional ID Cayman ordinary shares pursuant to an earn-out
    provision in the share exchange agreement based on the adjusted
    net income of the combined company during the fiscal year ending
    December&#160;31, 2009. For purposes of this table, ID Cayman
    has assumed that no Ideation stockholders exercise their
    conversion rights.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    The occurrence of certain events could impact the security
    ownership of the combined company following the redomestication
    and business combination. To the extent Ideation makes purchases
    of Ideation common stock either in the open market or in
    privately-negotiated transactions as described above, such
    purchases would increase the ownership of current SM Cayman
    shareholders and current Ideation stockholders that do not sell
    shares to Ideation proportionately to each stockholder or
    shareholder&#146;s ownership. To the extent that The Frost
    Group, LLC purchases Ideation common stock either in the open
    market or in privately-negotiated transactions as described
    above, there would be no effect on the security ownership by
    current SM Cayman shareholders or to current Ideation
    shareholders that do not sell shares to The Frost Group, LLC,
    other than to The Frost Group, LLC, which security ownership
    would increase by the amount purchased.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Finally, the issuance by SM Cayman of Series&#160;D preferred
    shares as described in this proxy statement/prospectus would
    reduce the ownership of current SM Cayman shareholders and
    current Ideation stockholders proportionately to each
    stockholder or shareholder&#146;s ownership.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Ordinary shares which an individual or group has a right to
    acquire within 60&#160;days pursuant to the exercise or
    conversion of options, warrants or other similar convertible or
    derivative securities are deemed to be outstanding for the
    purpose of computing the percentage ownership of such individual
    or group, but are not
</DIV>

<P align="center" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <BR>
    232
</DIV><!-- END PAGE WIDTH -->
<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>

<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->


<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
     deemed to be outstanding for the purpose of computing the
    percentage ownership of any other person shown in the table.
</DIV>



<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>



<TABLE border="0" width="100%" align="center" cellpadding="0" cellspacing="0" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
<!-- Table Width Row BEGIN -->
<TR style="font-size: 1pt" valign="bottom">
    <TD width="28%">&nbsp;</TD>	<!-- colindex=01 type=maindata -->
    <TD width="2%">&nbsp;</TD>	<!-- colindex=02 type=gutter -->
    <TD width="1%" align="right">&nbsp;</TD>	<!-- colindex=02 type=lead -->
    <TD width="14%" align="right">&nbsp;</TD>	<!-- colindex=02 type=body -->
    <TD width="1%" align="left">&nbsp;</TD>	<!-- colindex=02 type=hang1 -->
    <TD width="2%">&nbsp;</TD>	<!-- colindex=03 type=gutter -->
    <TD width="1%" align="right">&nbsp;</TD>	<!-- colindex=03 type=lead -->
    <TD width="14%" align="right">&nbsp;</TD>	<!-- colindex=03 type=body -->
    <TD width="1%" align="left">&nbsp;</TD>	<!-- colindex=03 type=hang1 -->
    <TD width="2%">&nbsp;</TD>	<!-- colindex=04 type=gutter -->
    <TD width="1%" align="right">&nbsp;</TD>	<!-- colindex=04 type=lead -->
    <TD width="14%" align="right">&nbsp;</TD>	<!-- colindex=04 type=body -->
    <TD width="1%" align="left">&nbsp;</TD>	<!-- colindex=04 type=hang1 -->
    <TD width="2%">&nbsp;</TD>	<!-- colindex=05 type=gutter -->
    <TD width="1%" align="right">&nbsp;</TD>	<!-- colindex=05 type=lead -->
    <TD width="14%" align="right">&nbsp;</TD>	<!-- colindex=05 type=body -->
    <TD width="1%" align="left">&nbsp;</TD>	<!-- colindex=05 type=hang1 -->
</TR>
<!-- Table Width Row END -->
<TR style="font-size: 8pt" valign="bottom" align="center">
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>Percentage of Class<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>Percentage of Class<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom" align="center">
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>Ordinary<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>of Ordinary Shares<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>Ordinary<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>of Ordinary Shares<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom" align="center">
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>Shares Beneficially<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>Beneficially<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>Shares Beneficially<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>Beneficially<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom" align="center">
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>Owned-Assuming No<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>Owned-Assuming No<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>Owned-Assuming All<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>Owned-Assuming All<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom" align="center">
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>Earn-Out Shares<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>Earn-Out Shares<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>Earn-Out Shares<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>Earn-Out Shares<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom" align="center">
<TD nowrap align="left" valign="bottom">
<DIV style="border-bottom: 1px solid #000000; width: 1%; padding-bottom: 1px">
    <B>Beneficial Owner</B>
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    <B>Issued</B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    <B>Issued&#160;(%)</B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    <B>Issued(4)</B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    <B>Issued&#160;(%)</B>
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR style="line-height: 3pt; font-size: 1pt">
<TD>&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    <B>Officers and Directors</B>
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Dr.&#160;Phillip Frost,&#160;M.D.(1)
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    2,256,939
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    26.9
</TD>
<TD nowrap align="left" valign="bottom">
    %
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    2,256,939
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    12.2
</TD>
<TD nowrap align="left" valign="bottom">
    %
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Robert N. Fried
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    620,500
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    7.4
</TD>
<TD nowrap align="left" valign="bottom">
    %
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    620,500
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    3.3
</TD>
<TD nowrap align="left" valign="bottom">
    %
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Qinying Liu(2)(3)
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    967,040
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    11.5
</TD>
<TD nowrap align="left" valign="bottom">
    %
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    2,161,641
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    11.7
</TD>
<TD nowrap align="left" valign="bottom">
    %
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Le Yang(3)
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    967,040
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    11.5
</TD>
<TD nowrap align="left" valign="bottom">
    %
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    2,161,641
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    11.7
</TD>
<TD nowrap align="left" valign="bottom">
    %
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Rao Uppaluri
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    159,500
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    1.9
</TD>
<TD nowrap align="left" valign="bottom">
    %
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    159,500
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">

</TD>
<TD nowrap align="left" valign="bottom">
    *
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Steven D. Rubin
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    157,500
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    1.9
</TD>
<TD nowrap align="left" valign="bottom">
    %
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    157,500
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">

</TD>
<TD nowrap align="left" valign="bottom">
    *
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Xuebao Yang(3)
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    6,344
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">

</TD>
<TD nowrap align="left" valign="bottom">
    *
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    9,121
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">

</TD>
<TD nowrap align="left" valign="bottom">
    *
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Jianhai Huang(3)
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    6,344
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">

</TD>
<TD nowrap align="left" valign="bottom">
    *
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    9,121
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Jianxun Wang
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    53,895
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">

</TD>
<TD nowrap align="left" valign="bottom">
    *
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    53,895
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">

</TD>
<TD nowrap align="left" valign="bottom">
    *
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Min Wu(3)
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    6,344
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">

</TD>
<TD nowrap align="left" valign="bottom">
    *
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    9,121
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">

</TD>
<TD nowrap align="left" valign="bottom">
    *
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    All directors and officers as a group (8&#160;persons)
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    5,201,446
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    61.2
</TD>
<TD nowrap align="left" valign="bottom">
    %
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    7,598,979
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    38.9
</TD>
<TD nowrap align="left" valign="bottom">
    %
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    <B>5% Holders</B>
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Dr.&#160;Phillip Frost,&#160;M.D.&#160;
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    2,256,939
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    26.9
</TD>
<TD nowrap align="left" valign="bottom">
    %
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    2,256,939
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    12.2
</TD>
<TD nowrap align="left" valign="bottom">
    %
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Deutsche Bank AG, HK Branch
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    2,144,568
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    25.6
</TD>
<TD nowrap align="left" valign="bottom">
    %
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    5,121,963
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    27.6
</TD>
<TD nowrap align="left" valign="bottom">
    %
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    China Seed Ventures, L.P.(3)
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    1,541,765
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    18.4
</TD>
<TD nowrap align="left" valign="bottom">
    %
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    4,279,961
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    23.1
</TD>
<TD nowrap align="left" valign="bottom">
    %
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    HBK Investments
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    1,249,984
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    14.9
</TD>
<TD nowrap align="left" valign="bottom">
    %
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    1,249,984
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    6.7
</TD>
<TD nowrap align="left" valign="bottom">
    %
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Linden Ventures II(3)
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    1,268,795
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    15.1
</TD>
<TD nowrap align="left" valign="bottom">
    %
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    1,761,091
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    9.5
</TD>
<TD nowrap align="left" valign="bottom">
    %
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Qinying Liu(2)(3)
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    967,040
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    11.5
</TD>
<TD nowrap align="left" valign="bottom">
    %
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    2,161,641
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    11.7
</TD>
<TD nowrap align="left" valign="bottom">
    %
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Le Yang(3)
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    967,040
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    11.5
</TD>
<TD nowrap align="left" valign="bottom">
    %
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    2,161,641
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    11.7
</TD>
<TD nowrap align="left" valign="bottom">
    %
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Sun Hing Associates Ltd
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    833,999
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    10.0
</TD>
<TD nowrap align="left" valign="bottom">
    %
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    1,868,644
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    10.1
</TD>
<TD nowrap align="left" valign="bottom">
    %
</TD>
</TR>
</TABLE>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">

</DIV>


<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV style="font-size: 1pt; margin-left: 0%; width: 13%;  align: left; border-bottom: 1pt solid #000000"></DIV><!-- callerid=999 iwidth=456 length=60 -->


<DIV style="margin-top: 3pt; font-size: 1pt">&nbsp;</DIV>



<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Note: SearchMedia shareholders excludes options and restricted
    shares with the exception of Mrs.&#160;Liu.
</DIV>



<DIV style="margin-top: 3pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">

<TR>
    <TD width="2%"></TD>
    <TD width="1%"></TD>
    <TD width="97%"></TD>
</TR>

<TR>
    <TD align="right" valign="top">
    *&#160;</TD>
    <TD></TD>
    <TD valign="bottom">
    The person beneficially owns less than 1% of ID Cayman&#146;s
    outstanding common shares</TD>
</TR>

</TABLE>



<DIV style="margin-top: 3pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">

<TR>
    <TD width="2%"></TD>
    <TD width="1%"></TD>
    <TD width="97%"></TD>
</TR>

<TR>
    <TD align="right" valign="top">
    (1) </TD>
    <TD></TD>
    <TD valign="bottom">
    Includes ordinary shares issuable upon conversion of the interim
    notes.</TD>
</TR>

</TABLE>



<DIV style="margin-top: 3pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">

<TR>
    <TD width="2%"></TD>
    <TD width="1%"></TD>
    <TD width="97%"></TD>
</TR>

<TR>
    <TD align="right" valign="top">
    (2) </TD>
    <TD></TD>
    <TD valign="bottom">
    Excludes 600,000 ordinary shares issuable to
    Mrs.&#160;Liu&#146;s husband converted at the exchange ratio
    (0.0675374).</TD>
</TR>

</TABLE>



<DIV style="margin-top: 3pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">

<TR>
    <TD width="2%"></TD>
    <TD width="1%"></TD>
    <TD width="97%"></TD>
</TR>

<TR>
    <TD align="right" valign="top">
    (3) </TD>
    <TD></TD>
    <TD valign="bottom">
    Includes shares issuable upon conversion of the interim notes.</TD>
</TR>

</TABLE>



<DIV style="margin-top: 3pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">

<TR>
    <TD width="2%"></TD>
    <TD width="1%"></TD>
    <TD width="97%"></TD>
</TR>

<TR>
    <TD align="right" valign="top">
    (4) </TD>
    <TD></TD>
    <TD valign="bottom">
    Earn-out shares based upon fully diluted ownership, inclusive of
    warrants.</TD>
</TR>

</TABLE>

<A name='297'>
<DIV style="margin-top: 18pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">DESCRIPTION
    OF IDEATION&#146;S SECURITIES</FONT></B>
</DIV>
</A>
<A name='298'>
<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">General</FONT></B>
</DIV>
</A>
<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Ideation is authorized to issue 50,000,000&#160;shares of common
    stock, par value $0.0001 and 1,000,000&#160;shares of preferred
    stock, par value $0.0001.
</DIV>
<A name='299'>
<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">Units</FONT></B>
</DIV>
</A>
<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Each unit consists of one share of common stock and one warrant.
    Each warrant entitles the holder to purchase one share of common
    stock.
</DIV>

<P align="center" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <BR>
    233
</DIV><!-- END PAGE WIDTH -->
<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>

<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->
<A name='300'>
<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">Common
    Stock</FONT></B>
</DIV>
</A>
<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Ideation stockholders of record are entitled to one vote for
    each share held on all matters to be voted on by stockholders.
    In connection with the vote required for any business
    combination, all of Ideation&#146;s initial stockholders, which
    includes its officers, directors and special advisors, have
    agreed to vote their respective shares of common stock owned by
    them immediately prior to Ideation&#146;s IPO in accordance with
    the majority of the shares of the common stock voted by its
    public stockholders. This voting arrangement shall not apply to
    shares included in units purchased in Ideation&#146;s IPO or
    purchased following the offering in the open market by any of
    its initial stockholders, officers and directors. Additionally,
    the initial stockholders, officers and directors will vote all
    of their shares in any manner they determine, in their sole
    discretion, with respect to any other items that come before a
    vote of the stockholders.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Ideation will proceed with the business combination only if a
    majority of the shares of common stock voted by the public
    stockholders are voted in favor of the business combination and
    public stockholders owning less than 30% of the shares sold in
    Ideation&#146;s IPO both exercise their conversion rights
    discussed below and vote against the business combination.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    The Ideation board of directors is divided into three classes,
    each of which will generally serve for a term of three years
    with only one class of directors being elected in each year.
    There is no cumulative voting with respect to the election of
    directors, with the result that the holders of more than 50% of
    the shares eligible to vote for the election of directors can
    elect all of the directors.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    As required by Ideation&#146;s Amended and Restated Certificate
    of Incorporation, if Ideation does not consummate a business
    combination by November&#160;19, 2009, its corporate existence
    will cease except for the purposes of winding up its affairs and
    liquidating. If Ideation is forced to liquidate prior to a
    business combination, the holders of IPO Shares are entitled to
    share ratably in the aggregate amount then on deposit in the
    trust account, before payment of deferred underwriting discounts
    and commissions and including any interest earned on their pro
    rata portion of the trust account, net of taxes payable on such
    interest, and net of interest income, net of taxes payable on
    such interest, of up to $1,700,000 of the interest income on the
    trust account balance released to the company as described above
    to fund its working capital requirements and pay any of its tax
    obligations, plus any other net assets not used or reserved to
    pay obligations and claims or such other corporate expenses
    relating to or arising from the plan of dissolution and
    distribution. Ideation&#146;s initial stockholders have waived
    their rights to participate in any liquidation distribution with
    respect to their initial shares.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Ideation stockholders have no conversion, preemptive or other
    subscription rights and there are no sinking fund or redemption
    provisions applicable to the common stock, except that public
    stockholders have the right to have their shares of common stock
    converted to cash equal to their pro rata share of the trust
    account if they vote against the business combination and the
    business combination is approved and completed. Public
    stockholders who convert their stock into their share of the
    trust account still have the right to exercise the warrants that
    they received as part of the units.
</DIV>
<A name='301'>
<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">Preferred
    Stock</FONT></B>
</DIV>
</A>
<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Ideation&#146;s Amended and Restated Certificate of
    Incorporation authorizes the issuance of 1,000,000&#160;shares
    of blank check preferred stock with such designation, rights and
    preferences as may be determined from time to time by its board
    of directors. Accordingly, the Ideation board of directors is
    empowered, without stockholder approval, to issue preferred
    stock with dividend, liquidation, conversion, voting or other
    rights which could adversely affect the voting power or other
    rights of the holders of common stock. However, the underwriting
    agreement of its IPO Shares prohibits Ideation, prior to a
    business combination, from issuing preferred stock which
    participates in any manner in the proceeds of the trust account,
    or which votes as a class with the common stock on a business
    combination. The preferred stock could be utilized as a method
    of discouraging, delaying or preventing a change in control of
    Ideation. Although Ideation does not currently intend to issue
    any shares of preferred stock, it cannot assure you that it will
    not do so in the future.
</DIV>

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    <BR>
    234
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<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->
<A name='302'>
<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">Warrants</FONT></B>
</DIV>
</A>
<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    There are currently 12,400,000 warrants outstanding.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Each warrant entitles the registered holder to purchase one
    share of Ideation&#146;s common stock at a price of $6.00 per
    share, subject to adjustment as discussed below, at any time
    commencing on the completion of a business combination.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    The warrants will expire four years from November&#160;19, 2007
    at 5:00&#160;p.m., New York City time.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Once the warrants become exercisable, Ideation may call the
    warrants for redemption (including any of the insider warrants
    and any outstanding warrants issued upon exercise of the unit
    purchase option issued to the underwriters of Ideation&#146;s
    IPO), without the consent of the underwriters for
    Ideation&#146;s IPO:
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="4%"></TD>
    <TD width="2%"></TD>
    <TD width="94%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    in whole and not in part,
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    at a price of $0.01 per warrant,
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    upon not less than 30&#160;days&#146; prior written notice of
    redemption,&#160;and
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    if, and only if, the last sale price of the common stock equals
    or exceeds $11.50 per share (appropriately adjusted for any
    stock split, reverse stock split, stock dividend or other
    reclassification or combination of the common stock) for any 20
    trading days within a 30 trading day period ending three
    business days before Ideation sends the notice of redemption,
</TD>
</TR>

</TABLE>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <I>provided, </I>that, Ideation has an effective registration
    statement under the Securities Act covering the shares of common
    stock issuable upon exercise of the warrants and a current
    prospectus relating to them is available throughout the
    30&#160;day notice of redemption period.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    The right to exercise will be forfeited unless they are
    exercised prior to the date specified in the notice of
    redemption. On and after the redemption date, a record holder of
    a warrant will have no further rights except to receive the
    redemption price for such holder&#146;s warrant upon surrender
    of such warrant.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    The redemption criteria for Ideation&#146;s warrants have been
    established at a price which is intended to provide
    warrantholders a reasonable premium to the initial exercise
    price and provide a sufficient degree of liquidity to cushion
    the market reaction to Ideation&#146;s redemption call.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    If Ideation calls the warrants for redemption as described
    above, it has agreed to allow its initial stockholders, or their
    affiliates, to exercise the insider warrants on a &#147;cashless
    basis.&#148; If the holders take advantage of this option, they
    would pay the exercise price by surrendering their insider
    warrants for the net value of the warrants in shares of common
    stock based on the fair market value of the common stock. For
    purposes of the cashless exercise feature, fair market value
    means the average reported last sale price of the common stock
    for the 10 trading days ending on the third trading day prior to
    the date on which the notice of redemption is sent to holders of
    warrants. Accordingly, if a holder surrendered insider warrants
    exercisable for 100&#160;shares of the common stock at an
    exercise price of $6.00 per share, and the fair market value of
    the common stock was $10.00, then the net value of the warrants
    would be $400 (the difference between the fair market value and
    the exercise price multiplied by the number of shares underlying
    the warrants), and such holder would receive 40&#160;shares (the
    net value of the warrants divided by the fair market value of
    the common stock). The reason that Ideation has agreed that the
    insider warrants will be exercisable on a cashless basis so long
    as they are held by its initial stockholders or their affiliates
    is because it is not known at this time whether they will be
    affiliated with the company following a business combination. If
    they are, their ability to sell Ideation&#146;s securities in
    the open market will be significantly limited. If they remain
    insiders, Ideation will have policies in place that prohibit
    insiders from selling its securities except during specific
    periods of time. Even during such periods of time, an insider of
    Ideation cannot trade in its securities if he is in possession
    of material non-public information. Accordingly, unlike public
    stockholders who could exercise their warrants and sell the
    shares of common stock received upon such exercise freely in the
    open market in order to recoup the cost of such exercise, the
    insiders could be significantly restricted from selling such
    securities. As a result, Ideation believes that allowing the
    holders to exercise such warrants on a cashless basis is
    appropriate.
</DIV>

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    <BR>
    235
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<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    The warrants were issued in registered form under a warrant
    agreement between Continental Stock Transfer&#160;&#038;
    Trust&#160;Company, as warrant agent, and Ideation. You should
    review a copy of the warrant agreement, which has been filed as
    an exhibit to Ideation&#146;s registration statement on
    <FONT style="white-space: nowrap">Form&#160;S-1,</FONT>
    for a complete description of the terms and conditions
    applicable to the warrants.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    The exercise price and number of shares of common stock issuable
    on exercise of the warrants may be adjusted in certain
    circumstances including in the event of a stock dividend, or
    recapitalization, reorganization, merger or consolidation.
    However, the warrants will not be adjusted for issuances of
    common stock at a price below their respective exercise prices.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    The warrants may be exercised at any time after they become
    exercisable upon surrender of the warrant certificate on or
    prior to the expiration date at the offices of the warrant
    agent, with the exercise form on the reverse side of the warrant
    certificate completed and executed as indicated, accompanied by
    full payment of the exercise price, in cash or by certified or
    official bank check payable to Ideation, for the number of
    warrants being exercised. The warrantholders do not have the
    rights or privileges of holders of common stock and any voting
    rights until they exercise their warrants and receive shares of
    common stock. After the issuance of shares of common stock upon
    exercise of the warrants, each holder will be entitled to one
    vote for each share held of record on all matters to be voted on
    by stockholders.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    No warrants will be exercisable and Ideation will not be
    obligated to issue shares of common stock unless, at the time a
    holder seeks to exercise such warrant, a prospectus relating to
    the common stock issuable upon exercise of the warrants is
    current and the common stock has been registered or qualified or
    deemed to be exempt under the securities laws of the state of
    residence of the holder of the warrants. Under the terms of the
    warrant agreement, Ideation has agreed to use its best efforts
    to meet these conditions and to maintain a current prospectus
    relating to the common stock issuable upon exercise of the
    warrants until the expiration of the warrants. However, Ideation
    cannot assure you that it will be able to do so and, if it does
    not maintain a current prospectus relating to the common stock
    issuable upon exercise of the warrants, holders will be unable
    to exercise their warrants and Ideation will not be required to
    settle any such warrant exercise. If the prospectus relating to
    the common stock issuable upon the exercise of the warrants is
    not current or if the common stock is not qualified or exempt
    from qualification in the jurisdictions in which the holders of
    the warrants reside, Ideation will not be required to net cash
    settle or cash settle the warrant exercise, the warrants may
    have no value, the market for the warrants may be limited and
    the warrants may expire worthless. If the warrants expire
    worthless, this would mean that a person who paid $8.00 for a
    unit in Ideation&#146;s IPO and who did not sell the warrants
    included in the unit would have effectively paid $8.00 for one
    ordinary share. Because the warrants will not be exercisable
    without an effective registration statement covering the shares
    underlying the warrants, Ideation will not call the warrants for
    redemption unless there is an effective registration statement
    in place.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    No fractional shares will be issued upon exercise of the
    warrants. If, upon exercise of the warrants, a holder would be
    entitled to receive a fractional interest in a share, Ideation
    will, upon exercise, round up or down to the nearest whole
    number the number of shares of common stock to be issued to the
    warrantholders.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    The insider warrants purchased by Ideation&#146;s initial
    stockholders are identical to the warrants included in the units
    offered in Ideation&#146;s IPO, except that if Ideation calls
    the warrants for redemption, the insider warrants will be
    exercisable on a cashless basis so long as they are still held
    by Ideation&#146;s initial stockholders or their affiliates. The
    insider warrants will be purchased separately and not in
    combination with the common stock or in the form of units.
    Ideation&#146;s initial stockholders have agreed that the
    insider warrants will not be sold or transferred by them until
    90&#160;days after Ideation has completed a business
    combination, provided however that transfers can be made to
    certain permitted transferees who agree in writing to be bound
    by such transfer restrictions. Accordingly, the insider warrants
    will be placed in escrow and will not be released until
    90&#160;days after the completion of a business combination.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    The proceeds from the sale of the insider warrants have been
    added to the proceeds from Ideation&#146;s IPO and held in the
    trust account pending its completion of one or more business
    combinations. If Ideation does not complete one of more business
    combinations that meet the criteria described in the prospectus
    of its IPO,
</DIV>

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    <BR>
    236
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<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    then the $2,400,000 purchase price of the insider warrants will
    become part of the liquidating distribution to Ideation&#146;s
    public stockholders, and the insider warrants will expire
    worthless.
</DIV>
<A name='303'>
<DIV style="margin-top: 18pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">DESCRIPTION
    OF ID CAYMAN&#146;S SECURITIES FOLLOWING THE BUSINESS
    COMBINATION</FONT></B>
</DIV>
</A>
<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    The following description of the material terms of ID
    Cayman&#146;s shares and warrants following the business
    combination includes a summary of specified provisions of the
    Memorandum of Association and Articles of Association of ID
    Cayman that will be in effect upon completion of the
    redomestication. This description is qualified by reference to
    the Memorandum and Articles of Association of ID Cayman, copies
    of which are attached to this proxy statement/prospectus and
    incorporated herein by reference. You are encouraged to read the
    relevant provisions of Cayman Islands law as they relate to the
    following summary.
</DIV>
<A name='304'>
<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">General</FONT></B>
</DIV>
</A>
<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    ID Cayman is authorized to issue 1,000,000,000 ordinary shares,
    par value $0.0001, and 10,000,000 preferred shares, par value
    $0.0001 per share.
</DIV>
<A name='305'>
<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">Rights,
    Preferences and Restrictions of ID Cayman&#146;s Ordinary
    Shares</FONT></B>
</DIV>
</A>
<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <I>Dividends.</I>&#160;&#160;Subject to any rights and
    restrictions of any other class or series of shares, the ID
    Cayman board of directors may, from time to time, declare
    dividends on the shares issued and authorize payment of the
    dividends out of ID Cayman&#146;s lawfully available funds.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <I>Voting Rights.</I>&#160;&#160;The holders of ID Cayman&#146;s
    ordinary shares will be entitled to one vote per share,
    including the election of directors. Voting at any meeting of
    shareholders is by show of hands unless a poll is demanded. A
    poll may be demanded by ID Cayman&#146;s chairman or one or more
    shareholders present in person or by proxy. A quorum required
    for a meeting of shareholders consists of shareholders who hold
    at least fifty percent (50%) of ID Cayman&#146;s shares in issue.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Any ordinary resolution to be made by the shareholders requires
    the affirmative vote of a simple majority of the votes on an
    as-if converted basis cast in person or by proxy at a general
    meeting, while a special resolution passed at a meeting requires
    the affirmative vote of no less than two-thirds of the votes
    cast in person or by proxy at such meeting. Under Cayman Islands
    law, some matters, like altering the memorandum or the articles,
    or changing the name of ID Cayman, require approval of
    shareholders by a special resolution.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <I>Winding Up; Liquidation.</I>&#160;&#160;Upon the winding up
    of ID Cayman, after the full amount that creditors or holders of
    any issued shares ranking senior to the ordinary shares as to
    distribution on liquidation or winding up are entitled to
    receive has been paid or set aside for payment, the holders of
    ID Cayman&#146;s ordinary shares are entitled to receive any
    remaining assets of ID Cayman available for distribution as
    determined by the liquidator. The assets received by the holders
    of ID Cayman ordinary shares in a liquidation may consist in
    whole or in part of property, which is not required to be of the
    same kind for all shareholders.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <I>Calls on Ordinary Shares and Forfeiture of Ordinary
    Shares.</I>&#160;&#160;ID Cayman&#146;s board of directors may
    from time to time make calls upon shareholders for any amounts
    unpaid on their ordinary shares in a notice served to such
    shareholders at least 14&#160;days prior to the specified time
    and place of payment. Any ordinary shares that have been called
    upon and remain unpaid are subject to forfeiture.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <I>Redemption of Ordinary Shares.</I>&#160;&#160;ID Cayman may
    issue shares that are, or at its option or at the option of the
    holders are, subject to redemption on such terms and in such
    manner as it may, before the issue of the shares, determine.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <I>No Preemptive Rights.</I>&#160;&#160;Holders of ordinary
    shares will have no preemptive or preferential right to purchase
    any securities of ID Cayman.
</DIV>

<P align="center" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <BR>
    237
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<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->
<A name='307'>
<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">Warrants</FONT></B>
</DIV>
</A>
<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Upon completion of the business combination, ID Cayman will have
    13,920,034 warrants outstanding, which includes 1,519,186
    warrants issued to the SearchMedia shareholders or
    warrantholders in the business combination. The terms of the
    existing warrants will not change as a result of the business
    combination.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Each warrant issued to an SM Cayman shareholder or warrantholder
    in the business combination entitles the registered holder to
    purchase one share of ID Cayman&#146;s common stock at a price
    ranging from $0.0001 to $8.14 per share, subject to adjustment
    as discussed below, at any time.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    The warrants will expire three years from the date of issuance
    of such warrant.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Certain warrantholders may also exercise this warrant on a
    &#147;cashless basis.&#148; If the holders take advantage of
    this option, they would pay the exercise price by surrendering
    their warrants for the net value of the warrants in shares of
    common stock based on the fair market value of the common stock.
    For purposes of the cashless exercise feature, fair market value
    means the average of the closing prices over a 30&#160;day
    period ending on the third trading day prior to the date of
    calculation.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    The exercise price and number of ordinary shares issuable on
    exercise of the warrants may be adjusted in certain
    circumstances including in the event of a share dividend, or
    recapitalization, reorganization, merger or consolidation.
    However, the warrants will not be adjusted for issuances of
    ordinary shares at a price below their respective exercise
    prices.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    The warrants may be exercised at any time after they become
    exercisable upon surrender of the warrant on or prior to the
    expiration date at the offices of ID Cayman, accompanied by full
    payment of the exercise price, in cash, by wire transfer, or by
    check payable to Ideation, or by cashless or net exercise, for
    the number of warrants being exercised. The warrantholders do
    not have the rights or privileges of holders of ordinary shares
    and any voting rights until they exercise their warrants and
    receive ordinary shares. After the issuance of ordinary shares
    upon exercise of the warrants, each holder will be entitled to
    one vote for each share held of record on all matters to be
    voted on by stockholders.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    No fractional shares will be issued upon exercise of the
    warrants. If, upon exercise of the warrants, a holder would be
    entitled to receive a fractional interest in a share, ID Cayman
    will, upon exercise, pay cash equal to the product of such
    fraction multiplied by the fair market value of one ordinary
    share.
</DIV>
<A name='308'>
<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">General
    Meetings of Shareholders</FONT></B>
</DIV>
</A>
<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    At least 5 calendar days&#146; notice is required for the
    convening of the annual general meeting and other shareholders
    meetings. No business shall be transacted at any general meeting
    unless a quorum of shareholders is present at the time when the
    meeting proceeds to business. Shareholders holding not less than
    an aggregate of 50% of all voting share capital present in
    person or by proxy shall be a quorum for all purposes. A person
    may participate at a general meeting by telephone or other
    communications equipment by means of which all the persons
    participating in the meeting can communicate with each other.
    Participation by a person in a general meeting in this manner is
    treated as presence in person at that meeting.
</DIV>
<A name='309'>
<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">Transfers
    of shares</FONT></B>
</DIV>
</A>
<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Transfers of shares in ID Cayman are subject to the restrictions
    that may be set out from time to time in the articles of
    association of ID Cayman, including, without limitation, the
    receipt of an instrument of transfer in such form as the
    directors may in their absolute discretion approve and such
    other evidence as the directors may reasonably require to show
    the right of the transferor to make the transfer.
</DIV>
<A name='310'>
<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">Inspection
    of books and records</FONT></B>
</DIV>
</A>
<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Other than a statutory right to inspect the register of
    mortgages and changes of ID Cayman, ID Cayman&#146;s
    shareholders do not have the right to inspect ID Cayman&#146;s
    books and records. Such inspection by shareholders is at the
    sole discretion of ID Cayman&#146;s board of directors.
</DIV>

<P align="center" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <BR>
    238
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<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->
<A name='311'>
<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">Transfer
    Agent</FONT></B>
</DIV>
</A>
<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    The transfer agent for ID Cayman&#146;s securities and warrant
    agent for its warrants is Continental Stock Transfer and
    Trust&#160;Company, located at 17 Battery Place, New York, New
    York 10004. The transfer agent&#146;s telephone number is
    <FONT style="white-space: nowrap">(212)&#160;509-4000.</FONT>
    Its facsimile number is
    <FONT style="white-space: nowrap">(212)&#160;509-5150.</FONT>
</DIV>
<A name='312'>
<DIV style="margin-top: 18pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">STOCKHOLDER
    PROPOSALS</FONT></B>
</DIV>

</A>
<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    If the business combination is not consummated, Ideation does
    not anticipate having sufficient time to hold an annual meeting
    of stockholders for the year 2009 before its liquidation on
    November&#160;19, 2009.
</DIV>

<A name='313'>
<DIV style="margin-top: 18pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">LEGAL
    MATTERS</FONT></B>
</DIV>
</A>
<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Snell &#038; Wilmer L.L.P. will pass upon the validity of ID
    Arizona&#146;s securities to be issued in connection with the
    redomestication. A form of their opinion is filed as an exhibit
    to the registration statement of which this proxy
    statement/prospectus forms a part.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Richards, Layton &#038; Finger P.A. has passed upon certain
    matters related to the proposed charter amendment. A form of
    their opinion is filed as an exhibit to the registration
    statement of which this proxy statement/prospectus forms a part.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Jun He Law Offices has passed upon certain PRC law matters
    related to this proxy statement/prospectus. A form of their
    opinion is filed as an exhibit to the registration statement of
    which this proxy statement/prospectus forms a part.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Akerman Senterfitt has passed upon certain U.S.&#160;federal
    income tax matters related to this proxy statement/prospectus. A
    form of their opinion is filed as an exhibit to the registration
    statement of which this proxy statement/prospectus forms a part.
</DIV>
<A name='314'>
<DIV style="margin-top: 18pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">EXPERTS</FONT></B>
</DIV>
</A>
<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    The consolidated financial statements of SearchMedia
    International Limited as of December&#160;31, 2007 and 2008, and
    for the period from February&#160;9, 2007 (inception) to
    December&#160;31, 2007 and the year ended December&#160;31,
    2008, included in this registration statement of which this
    proxy statement/prospectus forms a part have been audited by
    KPMG, an independent registered public accounting firm, as
    stated in their report appearing herein. Such financial
    statements have been so included in reliance upon the report of
    such firm given upon their authority as experts in accounting
    and auditing. The audit report covering the consolidated
    financial statements of SearchMedia International Limited as of
    December&#160;31, 2007 and 2008, and for the period from
    February&#160;9, 2007 (inception) to December&#160;31, 2007 and
    the year ended December&#160;31, 2008 contains an explanatory
    paragraph that states that SearchMedia&#146;s inability to
    generate sufficient cash flows to meet its payment obligations
    raises substantial doubt about its ability to continue as a
    going concern.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    The financial statements of Shanghai Sige Advertising and Media
    Co., Ltd. as of December&#160;31, 2006 and June&#160;3, 2007,
    and for the year ended December&#160;3, 2006 and the period from
    January 1, 2007 through June 3, 2007, included in this
    registration statement of which this proxy statement/prospectus
    forms a part have been audited by KPMG, an independent
    registered public accounting firm, as stated in their report
    appearing herein. Such financial statements have been so
    included in reliance upon the report of such firm given upon
    their authority as experts in accounting and auditing.
</DIV>

<P align="center" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <BR>
    239
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<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    The financial statements of Shenzhen Dale Advertising Co., Ltd.
    as of December&#160;31, 2006 and June&#160;3, 2007, and for the
    year ended December&#160;3, 2006 and the period from January 1,
    2007 through June&#160;3, 2007, included in this registration
    statement of which this proxy statement/prospectus forms a part
    have been audited by KPMG, an independent registered public
    accounting firm, as stated in their report appearing herein.
    Such financial statements have been so included in reliance upon
    the report of such firm given upon their authority as experts in
    accounting and auditing.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    The financial statements of Ideation as of December&#160;31,
    2007 and 2008, for the period from June&#160;1, 2007 (inception)
    to December&#160;31, 2007 and 2008 and for the year ended
    December&#160;31, 2008 included in this proxy
    statement/prospectus and in the registration statement of which
    this proxy statement/prospectus forms a part have been audited
    by Rothstein, Kass&#160;&#038; Company,&#160;P.C., an
    independent registered public accounting firm, to the extent set
    forth in their report appearing elsewhere in this proxy
    statement/prospectus and in the registration statement of which
    this proxy statement/prospectus forms a part and are included
    herein in reliance upon the authority of Rothstein,
    Kass&#160;&#038; Company,&#160;P.C. as experts in accounting and
    auditing.
</DIV>
<A name='315'>
<DIV style="margin-top: 18pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">DELIVERY
    OF DOCUMENTS TO STOCKHOLDERS</FONT></B>
</DIV>
</A>
<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Pursuant to the rules of the SEC, Ideation and its agents that
    deliver communications to its stockholders are permitted to
    deliver to two or more stockholders sharing the same address a
    single copy of Ideation&#146;s proxy statement/prospectus. Upon
    written or oral request, Ideation will deliver a separate copy
    of the proxy statement/prospectus to any stockholder at a shared
    address who wishes to receive separate copies of such documents
    in the future. Stockholders receiving multiple copies of such
    documents may likewise request that Ideation deliver single
    copies of such documents in the future. Stockholders may notify
    Ideation of their requests by calling or writing Ideation at
    Ideation&#146;s principal executive offices at
    1105&#160;N.&#160;Market Street, Suite&#160;1300, Wilmington,
    Delaware 19801,
    <FONT style="white-space: nowrap">(310)&#160;694-8150.</FONT>
</DIV>
<A name='316'>
<DIV style="margin-top: 18pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">WHERE YOU
    CAN FIND MORE INFORMATION</FONT></B>
</DIV>
</A>
<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Ideation files reports, proxy statements and other information
    with the SEC as required by the Exchange Act. You may read and
    copy reports, proxy statements and other information filed by
    Ideation with the SEC at its public reference room located at
    100&#160;F&#160;Street, N.E., Washington,&#160;D.C.
    <FONT style="white-space: nowrap">20549-1004.</FONT>
    You may obtain information on the operation of the Public
    Reference Room by calling the SEC at
    <FONT style="white-space: nowrap">1-800-SEC-0330.</FONT>
    You may also obtain copies of the materials described above at
    prescribed rates by writing to the SEC, Public Reference
    Section, 100&#160;F&#160;Street, N.E., Washington,&#160;D.C.
    <FONT style="white-space: nowrap">20549-1004.</FONT>
    Ideation files its reports, proxy statements and other
    information electronically with the SEC. You may access
    information on Ideation at the SEC web site containing reports,
    proxy statements and other information at
    <FONT style="white-space: nowrap">http://www.sec.gov.</FONT>
    This proxy statement/prospectus describes the material elements
    of relevant contracts, exhibits and other information attached
    as annexes or exhibits to this proxy statement/prospectus.
    Information and statements contained in this proxy
    statement/prospectus are qualified in all respects by reference
    to the copy of the relevant contract or other document included
    as an annex or exhibit to this document.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    All information contained in this proxy statement/prospectus
    relating to Ideation has been supplied by Ideation, and all such
    information relating to SearchMedia has been supplied by
    SearchMedia.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    This proxy statement/prospectus contains important business and
    financial information about us that is not included in or
    delivered with this document. You may obtain this additional
    information, or additional copies
</DIV>

<P align="center" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <BR>
    240
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<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    of this proxy statement/prospectus, at no cost, and you may ask
    any questions you may have about the business combination by
    contacting us at the following address or telephone number:
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <FONT style="font-family: 'Times New Roman', Times">Ideation
    Acquisition Corp.<BR>
    1105&#160;N.&#160;Market Street, Suite&#160;1300<BR>
    Wilmington, DE 19801<BR>
    <FONT style="white-space: nowrap">(310)&#160;694-8150</FONT><BR>
    <I>invest@ideationacquisition.com</I>
    </FONT>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    In order to receive timely delivery of the documents in advance
    of the special meeting, you must make your request for
    information no later than .
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Neither Ideation nor SearchMedia has authorized anyone to give
    any information or make any representation about the business
    combination or the two companies that is different from, or in
    addition to, that contained in this proxy statement/prospectus
    or in any of the materials that have been incorporated by
    reference into this proxy statement/prospectus. Therefore, if
    anyone gives you information of this sort, you should not rely
    on it. If you are in a jurisdiction where offers to exchange or
    sell, or solicitations of offers to exchange or purchase, the
    securities offered by this proxy statement/prospectus or the
    solicitation of proxies is unlawful, or if you are a person to
    whom it is unlawful to direct these types of activities, then
    the offer presented in this proxy statement/prospectus does not
    extend to you. The information contained in this proxy
    statement/prospectus speaks only as of the date of this proxy
    statement/prospectus unless the information specifically
    indicates that another date applies.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    After consummation of the business combination, ID Cayman
    expects to file annual reports on
    <FONT style="white-space: nowrap">Form&#160;20-F,</FONT>
    periodic filings on
    <FONT style="white-space: nowrap">Form&#160;6-K</FONT>
    and other information with the SEC as required for a foreign
    private issuer under the Exchange Act.
</DIV>

<P align="center" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <BR>
    241
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<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->

<DIV align="center" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">INDEX TO
    FINANCIAL STATEMENTS</FONT></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">Ideation
    Acquisition Corp.<BR>
    (a development stage company)</FONT></B>
</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<TABLE border="0" width="100%" align="center" cellpadding="0" cellspacing="0" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
<!-- Table Width Row BEGIN -->
<TR style="font-size: 1pt" valign="bottom">
    <TD width="95%">&nbsp;</TD>	<!-- colindex=01 type=maindata -->
    <TD width="2%">&nbsp;</TD>	<!-- colindex=02 type=gutter -->
    <TD width="1%">&nbsp;</TD>	<!-- colindex=02 type=quadleft -->
    <TD width="1%">&nbsp;</TD>	<!-- colindex=02 type=maindata -->
    <TD width="1%">&nbsp;</TD>	<!-- colindex=02 type=quadright -->
</TR>
<!-- Table Width Row END -->
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    <A HREF='#401'>Report of Independent Registered Public
    Accounting Firm</A>
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD>&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    F-3
</TD>
<TD>&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    <A HREF='#402'>Balance Sheets as of December&#160;31, 2008 and
    2007</A>
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD>&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    F-4
</TD>
<TD>&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    <A HREF='#403'>Statement of Operations for the year ended
    December&#160;31, 2008 and the period from June&#160;1, 2007
    (Inception) to December&#160;31, 2007</A>
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD>&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    F-5
</TD>
<TD>&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    <A HREF='#404'>Statement of Stockholders&#146; Equity for the
    year ended December&#160;31, 2008 and the period from
    June&#160;1, 2007 (Inception) to December&#160;31, 2007</A>
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD>&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    F-6
</TD>
<TD>&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    <A HREF='#405'>Statement of Cash Flows for the year ended
    December&#160;31, 2008 and the period from June&#160;1, 2007
    (Inception) to December&#160;31, 2007</A>
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD>&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    F-7
</TD>
<TD>&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    <A HREF='#406'>Notes to Financial Statements</A>
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD>&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    F-8
</TD>
<TD>&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    <A HREF='#407'>Condensed Consolidated Balance Sheets as of
    June&#160;30, 2009 (unaudited) and December&#160;31, 2008</A>
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD>&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    F-19
</TD>
<TD>&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    <A HREF='#408'>Unaudited Condensed Consolidated Statements of
    Operations for the three and six months ended June&#160;30,
    2009, the three and six months ended June&#160;20, 2008 and for
    the period From June&#160;1, 2007 (inception) through
    June&#160;30, 2009</A>
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD>&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    F-20
</TD>
<TD>&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    <A HREF='#409'>Unaudited Condensed Consolidated Statements of
    Changes in Stockholders&#146; Equity for the six months ended
    June&#160;30, 2009, and the period from June&#160;1, 2007
    (inception) through June&#160;30, 2009</A>
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD>&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    F-21
</TD>
<TD>&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    <A HREF='#410'>Unaudited Condensed Consolidated Statements of
    Cash Flows for the six months ended June&#160;30, 2009, for the
    six months ended June&#160;30, 2008 and for the period from
    June&#160;1, 2007 (inception) through June&#160;30, 2009</A>
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD>&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    F-22
</TD>
<TD>&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    <A HREF='#411'>Notes to Condensed Consolidated Interim Financial
    Statements (unaudited)</A>
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD>&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    F-23
</TD>
<TD>&nbsp;
</TD>
</TR>
</TABLE>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">

</DIV>

<DIV style="margin-top: 18pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">SearchMedia
    International Limited</FONT></B>
</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<TABLE border="0" width="100%" align="center" cellpadding="0" cellspacing="0" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
<!-- Table Width Row BEGIN -->
<TR style="font-size: 1pt" valign="bottom">
    <TD width="95%">&nbsp;</TD>	<!-- colindex=01 type=maindata -->
    <TD width="2%">&nbsp;</TD>	<!-- colindex=02 type=gutter -->
    <TD width="1%">&nbsp;</TD>	<!-- colindex=02 type=quadleft -->
    <TD width="1%">&nbsp;</TD>	<!-- colindex=02 type=maindata -->
    <TD width="1%">&nbsp;</TD>	<!-- colindex=02 type=quadright -->
</TR>
<!-- Table Width Row END -->
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    <A HREF='#501'>Report of Independent Registered Public
    Accounting Firm</A>
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD>&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    F-36
</TD>
<TD>&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    <A HREF='#502'>Consolidated Balance Sheets as of
    December&#160;31, 2007 and 2008</A>
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD>&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    F-37
</TD>
<TD>&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    <A HREF='#503'>Consolidated Statements of Income for the period
    from February&#160;9, 2007 (date of inception) through
    December&#160;31, 2007 and for the year ended December&#160;31,
    2008</A>
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD>&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    F-38
</TD>
<TD>&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    <A HREF='#504'>Consolidated Statements of Shareholders&#146;
    (Deficit)/Equity and Comprehensive Income for the period from
    February&#160;9, 2007 (date of inception) through
    December&#160;31, 2007 and for the year ended December&#160;31,
    2008</A>
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD>&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    F-39
</TD>
<TD>&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    <A HREF='#505'>Consolidated Statements of Cash Flows  for the
    period from February&#160;9, 2007 (date of inception) through
    December&#160;31, 2007 and for the year ended December&#160;31,
    2008</A>
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD>&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    F-40
</TD>
<TD>&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    <A HREF='#506'>Notes to Consolidated Financial Statements</A>
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD>&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    F-41
</TD>
<TD>&nbsp;
</TD>
</TR>
</TABLE>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">

</DIV>

<DIV style="margin-top: 18pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">Shanghai
    Sige Advertising and Media Co., Ltd.</FONT></B>
</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<TABLE border="0" width="100%" align="center" cellpadding="0" cellspacing="0" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
<!-- Table Width Row BEGIN -->
<TR style="font-size: 1pt" valign="bottom">
    <TD width="95%">&nbsp;</TD>	<!-- colindex=01 type=maindata -->
    <TD width="2%">&nbsp;</TD>	<!-- colindex=02 type=gutter -->
    <TD width="1%">&nbsp;</TD>	<!-- colindex=02 type=quadleft -->
    <TD width="1%">&nbsp;</TD>	<!-- colindex=02 type=maindata -->
    <TD width="1%">&nbsp;</TD>	<!-- colindex=02 type=quadright -->
</TR>
<!-- Table Width Row END -->
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    <A HREF='#601'>Report of Independent Registered Public
    Accounting Firm</A>
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD>&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    F-80
</TD>
<TD>&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    <A HREF='#602'>Balance Sheets as of December&#160;31, 2006 and
    June&#160;3, 2007</A>
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD>&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    F-81
</TD>
<TD>&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    <A HREF='#603'>Statements of Income for the year ended
    December&#160;31, 2006 and the period from January&#160;1, 2007
    through June&#160;3, 2007</A>
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD>&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    F-82
</TD>
<TD>&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    <A HREF='#604'>Statements of Owner&#146;s Deficit and
    Comprehensive Income for the year ended December&#160;31, 2006
    and the period from January&#160;1, 2007 through June&#160;3,
    2007</A>
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD>&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    F-83
</TD>
<TD>&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    <A HREF='#605'>Statements of Cash Flows for the year ended
    December&#160;31, 2006 and the period from January&#160;1, 2007
    through June&#160;3, 2007</A>
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD>&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    F-84
</TD>
<TD>&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    <A HREF='#606'>Notes to Financial Statements</A>
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD>&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    F-85
</TD>
<TD>&nbsp;
</TD>
</TR>
</TABLE>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">

</DIV>

<P align="center" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <BR>
    F-1
</DIV><!-- END PAGE WIDTH -->
<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>

<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->

<DIV align="center" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">Shenzhen
    Dale Advertising Co., Ltd.</FONT></B>
</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<TABLE border="0" width="100%" align="center" cellpadding="0" cellspacing="0" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
<!-- Table Width Row BEGIN -->
<TR style="font-size: 1pt" valign="bottom">
    <TD width="95%">&nbsp;</TD>	<!-- colindex=01 type=maindata -->
    <TD width="2%">&nbsp;</TD>	<!-- colindex=02 type=gutter -->
    <TD width="1%">&nbsp;</TD>	<!-- colindex=02 type=quadleft -->
    <TD width="1%">&nbsp;</TD>	<!-- colindex=02 type=maindata -->
    <TD width="1%">&nbsp;</TD>	<!-- colindex=02 type=quadright -->
</TR>
<!-- Table Width Row END -->
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    <A HREF='#701'>Report of Independent Registered Public
    Accounting Firm</A>
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD>&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    F-91
</TD>
<TD>&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    <A HREF='#702'>Balance Sheets as of December&#160;31, 2006 and
    June&#160;3, 2007</A>
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD>&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    F-92
</TD>
<TD>&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    <A HREF='#703'>Statements of Income for the year ended
    December&#160;31, 2006 and the period from January&#160;1, 2007
    through June&#160;3, 2007</A>
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD>&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    F-93
</TD>
<TD>&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    <A HREF='#704'>Statements of Owner&#146;s Equity and
    Comprehensive Income for the year ended December&#160;31, 2006
    and the period from January&#160;1, 2007 through June&#160;3,
    2007</A>
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD>&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    F-94
</TD>
<TD>&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    <A HREF='#705'>Statements of Cash Flows for the year ended
    December&#160;31, 2006 and the period from January&#160;1, 2007
    through June&#160;3, 2007</A>
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD>&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    F-95
</TD>
<TD>&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    <A HREF='#706'>Notes to Financial Statements</A>
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD>&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    F-96
</TD>
<TD>&nbsp;
</TD>
</TR>
</TABLE>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">

</DIV>

<P align="center" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <BR>
    F-2
</DIV><!-- END PAGE WIDTH -->
<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>

<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->
<A name='401'>
<DIV style="margin-top: 18pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">REPORT OF
    INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM</FONT></B>
</DIV>
</A>
<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    To the Board of Directors and Stockholders of Ideation
    Acquisition Corp.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    We have audited the accompanying balance sheets of Ideation
    Acquisition Corp. (a corporation in the development stage) (the
    &#147;Company&#148;) as of December&#160;31, 2008 and 2007, and
    the related statements of operations and cash flows for the year
    ended December&#160;31, 2008 and the periods from June&#160;1,
    2007 (Inception) to December&#160;31, 2008 and 2007, and
    stockholders&#146; equity from June&#160;1, 2007 (Inception)
    through December&#160;31, 2008. These financial statements are
    the responsibility of the Company&#146;s management. Our
    responsibility is to express an opinion on these financial
    statements based on our audit.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    We conducted our audit in accordance with the standards of the
    Public Company Accounting Oversight Board (United States). Those
    standards require that we plan and perform the audit to obtain
    reasonable assurance about whether the financial statements are
    free of material misstatement. The Company is not required to
    have, nor were we engaged to perform, an audit of its internal
    control over financial reporting. Our audit included
    consideration of internal control over financial reporting as a
    basis for designing audit procedures that are appropriate in the
    circumstances, but not for the purpose of expressing an opinion
    on the effectiveness of the Company&#146;s internal control over
    financial reporting. Accordingly, we express no such opinion. An
    audit also includes examining, on a test basis, evidence
    supporting the amounts and disclosures in the financial
    statements, assessing the accounting principles used and
    significant estimates made by management, as well as evaluating
    the overall financial statement presentation. We believe that
    our audit provides a reasonable basis for our opinion.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    The accompanying financial statements have been prepared
    assuming that Ideation Acquisition Corp. will continue as a
    going concern. As discussed in Note&#160;9 to the financial
    statements, Ideation Acquisition Corp. will face a mandatory
    liquidation if a business combination is not consummated by
    November&#160;19, 2009, which raises substantial doubt about its
    ability to continue as a going concern. The financial statements
    do not include any adjustments that might result from the
    outcome of this uncertainty.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    In our opinion, the financial statements referred to above
    present fairly, in all material respects, the financial position
    of Ideation Acquisition Corp. (a corporation in the development
    stage) as of December&#160;31, 2008 and 2007 and the results of
    its operations and its cash flows for the year ended
    December&#160;31, 2008 and the periods from June&#160;1, 2007
    (Inception) to December&#160;31, 2008 and 2007, in conformity
    with accounting principles generally accepted in the United
    States of America.
</DIV>

<DIV style="margin-top: 24pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <DIV style="display:inline; text-align:left;">/s/&#160;&#160;<FONT style="font-variant: SMALL-CAPS">Rothstein,
    Kass&#160;&#038; Company,</FONT></DIV>
</DIV>

<DIV style="font-size: 4pt; margin-left: 0%; width: 47%;  align: left; border-bottom: 1pt solid #000000"></DIV><!-- callerid=999 iwidth=456 length=216 -->

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    P.C. Roseland, New Jersey
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    March&#160;19, 2009
</DIV>

<P align="center" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <BR>
    F-3
</DIV><!-- END PAGE WIDTH -->
<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>

<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->

<DIV align="center" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">IDEATION
    ACQUISITION CORP.<BR>
    (a corporation in the development stage)</FONT></B>
</DIV>
<A name='402'>
<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">Balance
    Sheets</FONT></B>
</DIV>
</A>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<TABLE border="0" width="100%" align="center" cellpadding="0" cellspacing="0" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
<!-- Table Width Row BEGIN -->
<TR style="font-size: 1pt" valign="bottom">
    <TD width="75%">&nbsp;</TD>	<!-- colindex=01 type=maindata -->
    <TD width="2%">&nbsp;</TD>	<!-- colindex=02 type=gutter -->
    <TD width="1%" align="right">&nbsp;</TD>	<!-- colindex=02 type=lead -->
    <TD width="8%" align="right">&nbsp;</TD>	<!-- colindex=02 type=body -->
    <TD width="1%" align="left">&nbsp;</TD>	<!-- colindex=02 type=hang1 -->
    <TD width="3%">&nbsp;</TD>	<!-- colindex=03 type=gutter -->
    <TD width="1%" align="right">&nbsp;</TD>	<!-- colindex=03 type=lead -->
    <TD width="8%" align="right">&nbsp;</TD>	<!-- colindex=03 type=body -->
    <TD width="1%" align="left">&nbsp;</TD>	<!-- colindex=03 type=hang1 -->
</TR>
<!-- Table Width Row END -->
<TR style="font-size: 8pt" valign="bottom" align="center">
<TD nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>December&#160;31,<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>December&#160;31,<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom" align="center">
<TD nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    <B>2008</B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    <B>2007</B>
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR style="line-height: 3pt; font-size: 1pt">
<TD>&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD colspan="9" align="center" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    <B>Assets</B>
</DIV>
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Current Assets:
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 20pt">
    Cash and cash equivalents
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    308,874
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    124,139
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 20pt">
    Interest receivable
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    1,208
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    291,835
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 20pt">
    Income taxes receivable
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    124,191
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 20pt">
    Franchise taxes receivable
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    121,000
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 20pt">
    Other current assets
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    41,699
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    49,256
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="font-size: 1pt">
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 30pt">
    Total current assets
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    596,972
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    465,230
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Investments held in Trust&#160;Account&#160;&#151; Restricted
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 20pt">
    U. S. Treasury Securities, at amortized cost
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    54,993,327
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 20pt">
    Money Market Funds, at fair value
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    23,821,673
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    78,815,000
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Deferred tax asset
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    440,759
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="font-size: 1pt">
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Total assets
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    79,852,731
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    79,280,230
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="font-size: 1pt">
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="line-height: 9pt">
<TD colspan="9">
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD colspan="9" align="center" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    <B>Liabilities and Stockholders&#146; Equity</B>
</DIV>
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Current liabilities:
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 20pt">
    Accrued expenses
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    507,626
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    26,721
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 20pt">
    Income taxes payable
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    74,244
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 20pt">
    Franchise taxes payable
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    68,666
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="font-size: 1pt">
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 30pt">
    Total current liabilities
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    507,626
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    169,631
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Long-term liability
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 20pt">
    Deferred underwriters&#146; fee
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    2,730,000
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    2,730,000
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Common stock subject to possible redemption
    (2,999,999&#160;shares at December&#160;31, 2008 and 2007 at
    redemption value of $7.88 per share)
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    23,639,992
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    23,639,992
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Commitments and contingencies
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Stockholders&#146; equity:
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Preferred Stock, $0.0001&#160;par value, 1,000,000&#160;shares
    authorized; none issued
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Common Stock, $0.0001&#160;par value, 50,000,000&#160;shares
    authorized, 12,500,000&#160;shares issued and outstanding
    including 2,999,999&#160;shares subject to possible redemption,
    at December&#160;31, 2008 and 2007
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    1,250
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    1,250
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Additional paid-in capital
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    52,595,237
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    52,595,237
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Income accumulated during the development stage
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    378,626
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    144,120
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="font-size: 1pt">
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Total stockholders&#146; equity
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    52,975,113
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    52,740,607
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="font-size: 1pt">
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Total liabilities and stockholders&#146; equity
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    79,852,731
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    79,280,230
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="font-size: 1pt">
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
</TABLE>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">

</DIV>

<DIV style="margin-top: 3pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (See accompanying notes to financial statements)
</DIV>

<P align="center" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <BR>
    F-4
</DIV><!-- END PAGE WIDTH -->
<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>

<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->

<DIV align="center" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">IDEATION
    ACQUISITION CORP.<BR>
    (a corporation in the development stage)</FONT></B>
</DIV>
<A name='403'>
<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">Statements
    of Operations</FONT></B>
</DIV>
</A>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<TABLE border="0" width="100%" align="center" cellpadding="0" cellspacing="0" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
<!-- Table Width Row BEGIN -->
<TR style="font-size: 1pt" valign="bottom">
    <TD width="47%">&nbsp;</TD>	<!-- colindex=01 type=maindata -->
    <TD width="2%">&nbsp;</TD>	<!-- colindex=02 type=gutter -->
    <TD width="1%" align="right">&nbsp;</TD>	<!-- colindex=02 type=lead -->
    <TD width="13%" align="right">&nbsp;</TD>	<!-- colindex=02 type=body -->
    <TD width="1%" align="left">&nbsp;</TD>	<!-- colindex=02 type=hang1 -->
    <TD width="3%">&nbsp;</TD>	<!-- colindex=03 type=gutter -->
    <TD width="1%" align="right">&nbsp;</TD>	<!-- colindex=03 type=lead -->
    <TD width="13%" align="right">&nbsp;</TD>	<!-- colindex=03 type=body -->
    <TD width="1%" align="left">&nbsp;</TD>	<!-- colindex=03 type=hang1 -->
    <TD width="3%">&nbsp;</TD>	<!-- colindex=04 type=gutter -->
    <TD width="1%" align="right">&nbsp;</TD>	<!-- colindex=04 type=lead -->
    <TD width="13%" align="right">&nbsp;</TD>	<!-- colindex=04 type=body -->
    <TD width="1%" align="left">&nbsp;</TD>	<!-- colindex=04 type=hang1 -->
</TR>
<!-- Table Width Row END -->
<TR style="font-size: 8pt" valign="bottom" align="center">
<TD nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>Period from June&#160;1,<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>Period from June&#160;1,<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom" align="center">
<TD nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>For The Year Ended<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>2007 (Inception) to<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>2007 (Inception) to<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom" align="center">
<TD nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>December&#160;31,<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>December&#160;31,<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>December&#160;31,<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom" align="center">
<TD nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    <B>2008</B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    <B>2007</B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    <B>2008</B>
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR style="line-height: 3pt; font-size: 1pt">
<TD>&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Revenue
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Formation and operating costs
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    1,281,810
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    100,877
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    1,382,687
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="font-size: 1pt">
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Loss from operations
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    (1,281,810
</TD>
<TD nowrap align="left" valign="bottom">
    )
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    (100,877
</TD>
<TD nowrap align="left" valign="bottom">
    )
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    (1,382,687
</TD>
<TD nowrap align="left" valign="bottom">
    )
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Interest income
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    1,615,947
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    340,417
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    1,956,364
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="font-size: 1pt">
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Income before provision for income taxes
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    334,137
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    239,540
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    573,677
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Provision (benefit) for income taxes
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 20pt">
    Current
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    540,390
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    95,420
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    635,810
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 20pt">
    Deferred
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    (440,759
</TD>
<TD nowrap align="left" valign="bottom">
    )
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    (440,759
</TD>
<TD nowrap align="left" valign="bottom">
    )
</TD>
</TR>
<TR valign="bottom" style="font-size: 1pt">
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Total provision (benefit) for income taxes
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    99,631
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    95,420
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    195,051
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Net income
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    234,506
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    144,120
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    378,626
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="font-size: 1pt">
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Maximum number of share subject to possible redemption:
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 20pt">
    Weighted average number of shares, basic and diluted
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    2,999,999
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    522,000
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    2,104,711
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 20pt">
    Income per share amount, basic and diluted
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Weighted average number of common share outstanding (not subject
    to possible redemption):
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 20pt">
    Basic
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    9,500,001
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    3,664,000
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    7,351,725
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 20pt">
    Diluted
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    11,559,332
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    3,897,000
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    9,405,885
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Income per share amount:
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 20pt">
    Basic
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    0.03
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    0.04
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    0.05
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 20pt">
    Diluted
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    0.02
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    0.04
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    0.04
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
</TABLE>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">

</DIV>

<DIV style="margin-top: 3pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (See accompanying notes to financial statements)
</DIV>

<P align="center" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <BR>
    F-5
</DIV><!-- END PAGE WIDTH -->
<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>

<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->

<DIV align="center" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">IDEATION
    ACQUISITION CORP.<BR>
    (a corporation in the development stage)</FONT></B>
</DIV>
<A name='404'>
<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">Statements
    of Stockholders&#146; Equity for the Period from<BR>
    June&#160;1, 2007 (Inception) to December&#160;31,
    2008</FONT></B>
</DIV>
</A>
<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<TABLE border="0" width="100%" align="center" cellpadding="0" cellspacing="0" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
<!-- Table Width Row BEGIN -->
<TR style="font-size: 1pt" valign="bottom">
    <TD width="39%">&nbsp;</TD>	<!-- colindex=01 type=maindata -->
    <TD width="2%">&nbsp;</TD>	<!-- colindex=02 type=gutter -->
    <TD width="1%" align="right">&nbsp;</TD>	<!-- colindex=02 type=lead -->
    <TD width="9%" align="right">&nbsp;</TD>	<!-- colindex=02 type=body -->
    <TD width="1%" align="left">&nbsp;</TD>	<!-- colindex=02 type=hang1 -->
    <TD width="3%">&nbsp;</TD>	<!-- colindex=03 type=gutter -->
    <TD width="1%" align="right">&nbsp;</TD>	<!-- colindex=03 type=lead -->
    <TD width="3%" align="right">&nbsp;</TD>	<!-- colindex=03 type=body -->
    <TD width="1%" align="left">&nbsp;</TD>	<!-- colindex=03 type=hang1 -->
    <TD width="3%">&nbsp;</TD>	<!-- colindex=04 type=gutter -->
    <TD width="1%" align="right">&nbsp;</TD>	<!-- colindex=04 type=lead -->
    <TD width="9%" align="right">&nbsp;</TD>	<!-- colindex=04 type=body -->
    <TD width="1%" align="left">&nbsp;</TD>	<!-- colindex=04 type=hang1 -->
    <TD width="3%">&nbsp;</TD>	<!-- colindex=05 type=gutter -->
    <TD width="1%" align="right">&nbsp;</TD>	<!-- colindex=05 type=lead -->
    <TD width="7%" align="right">&nbsp;</TD>	<!-- colindex=05 type=body -->
    <TD width="1%" align="left">&nbsp;</TD>	<!-- colindex=05 type=hang1 -->
    <TD width="3%">&nbsp;</TD>	<!-- colindex=06 type=gutter -->
    <TD width="1%" align="right">&nbsp;</TD>	<!-- colindex=06 type=lead -->
    <TD width="9%" align="right">&nbsp;</TD>	<!-- colindex=06 type=body -->
    <TD width="1%" align="left">&nbsp;</TD>	<!-- colindex=06 type=hang1 -->
</TR>
<!-- Table Width Row END -->
<TR style="font-size: 8pt" valign="bottom" align="center">
<TD nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>Income<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom" align="center">
<TD nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>Accumulated<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom" align="center">
<TD nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>Additional<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>During the<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>Total<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom" align="center">
<TD nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="6" align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    <B>Common Stock</B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>Paid-in<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>Development<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>Stockholders&#146;<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom" align="center">
<TD nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    <B>Shares</B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    <B>Amount</B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    <B>Capital</B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    <B>Stage</B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    <B>Equity</B>
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR style="line-height: 3pt; font-size: 1pt">
<TD>&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Common shares issued to founders on June&#160;1, 2007 at $.01
    per share
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    2,500,000
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    250
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    24,750
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    25,000
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Sale of 2,400,000 warrants at $1 per warrant to initial
    stockholders
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    2,400,000
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    2,400,000
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Sale of 10,000,000&#160;units through public offering, net of
    underwriter&#146;s discount and offering expenses, at $8 per
    unit (including 2,999,999&#160;shares subject to possible
    redemption)
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    10,000,000
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    1,000
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    73,810,479
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    73,811,479
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Proceeds subject to possible redemption, 2,999,999&#160;shares
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    (23,639,992
</TD>
<TD nowrap align="left" valign="bottom">
    )
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    (23,639,992
</TD>
<TD nowrap align="left" valign="bottom">
    )
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Net income for the period
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    144,120
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    144,120
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="font-size: 1pt">
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Balances at December&#160;31, 2007
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    12,500,000
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    1,250
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    52,595,237
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    144,120
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    52,740,607
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="font-size: 1pt">
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Net income
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    234,506
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    234,506
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="font-size: 1pt">
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Balances at December&#160;31, 2008
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    12,500,000
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    1,250
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    52,595,237
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    378,626
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    52,975,113
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="font-size: 1pt">
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
</TABLE>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">

</DIV>

<DIV style="margin-top: 3pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (See accompanying notes to financial statements)
</DIV>

<P align="center" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <BR>
    F-6
</DIV><!-- END PAGE WIDTH -->
<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>

<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->

<DIV align="center" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">IDEATION
    ACQUISITION CORP.<BR>
    (a corporation in the development stage)</FONT></B>
</DIV>
<A name='405'>
<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">Statements
    of Cash Flows</FONT></B>
</DIV>
</A>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<TABLE border="0" width="100%" align="center" cellpadding="0" cellspacing="0" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
<!-- Table Width Row BEGIN -->
<TR style="font-size: 1pt" valign="bottom">
    <TD width="47%">&nbsp;</TD>	<!-- colindex=01 type=maindata -->
    <TD width="2%">&nbsp;</TD>	<!-- colindex=02 type=gutter -->
    <TD width="1%" align="right">&nbsp;</TD>	<!-- colindex=02 type=lead -->
    <TD width="13%" align="right">&nbsp;</TD>	<!-- colindex=02 type=body -->
    <TD width="1%" align="left">&nbsp;</TD>	<!-- colindex=02 type=hang1 -->
    <TD width="3%">&nbsp;</TD>	<!-- colindex=03 type=gutter -->
    <TD width="1%" align="right">&nbsp;</TD>	<!-- colindex=03 type=lead -->
    <TD width="13%" align="right">&nbsp;</TD>	<!-- colindex=03 type=body -->
    <TD width="1%" align="left">&nbsp;</TD>	<!-- colindex=03 type=hang1 -->
    <TD width="3%">&nbsp;</TD>	<!-- colindex=04 type=gutter -->
    <TD width="1%" align="right">&nbsp;</TD>	<!-- colindex=04 type=lead -->
    <TD width="13%" align="right">&nbsp;</TD>	<!-- colindex=04 type=body -->
    <TD width="1%" align="left">&nbsp;</TD>	<!-- colindex=04 type=hang1 -->
</TR>
<!-- Table Width Row END -->
<TR style="font-size: 8pt" valign="bottom" align="center">
<TD nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>Period from June&#160;1,<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom" align="center">
<TD nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>2007<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>Period from June&#160;1,<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom" align="center">
<TD nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>For The Year Ended<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>(Inception) to<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>2007 (Inception) to<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom" align="center">
<TD nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>December&#160;31,<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>December&#160;31,<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>December&#160;31,<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom" align="center">
<TD nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    <B>2008</B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    <B>2007</B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    <B>2008</B>
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR style="line-height: 3pt; font-size: 1pt">
<TD>&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Cash flows from operating activities:
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 20pt">
    Net income
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    234,506
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    144,120
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    378,626
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 20pt">
    Adjustments to reconcile net income to net cash provided by
    (used in) operating activities:
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 30pt">
    Deferred income tax benefit
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    (440,759
</TD>
<TD nowrap align="left" valign="bottom">
    )
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    (440,759
</TD>
<TD nowrap align="left" valign="bottom">
    )
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 30pt">
    Change in operating assets and liabilities:
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 30pt">
    Interest receivable
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    290,627
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    (291,835
</TD>
<TD nowrap align="left" valign="bottom">
    )
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    (1,208
</TD>
<TD nowrap align="left" valign="bottom">
    )
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 30pt">
    Income taxes receivable
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    (124,191
</TD>
<TD nowrap align="left" valign="bottom">
    )
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    (124,191
</TD>
<TD nowrap align="left" valign="bottom">
    )
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 30pt">
    Franchise taxes receivable
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    (121,000
</TD>
<TD nowrap align="left" valign="bottom">
    )
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    (121,000
</TD>
<TD nowrap align="left" valign="bottom">
    )
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 30pt">
    Other current assets
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    7,557
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    (49,256
</TD>
<TD nowrap align="left" valign="bottom">
    )
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    (41,699
</TD>
<TD nowrap align="left" valign="bottom">
    )
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 30pt">
    Accrued expenses
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    480,905
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    26,721
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    507,626
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 30pt">
    Income taxes payable
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    (74,244
</TD>
<TD nowrap align="left" valign="bottom">
    )
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    74,244
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 30pt">
    Franchise taxes payable
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    (68,666
</TD>
<TD nowrap align="left" valign="bottom">
    )
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    68,666
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 30pt">
    Net cash provided by (used in) operating activities
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    184,735
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    (27,340
</TD>
<TD nowrap align="left" valign="bottom">
    )
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    157,395
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 20pt">
    Net cash used in investing activities:
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 30pt">
    Investments in
    <FONT style="white-space: nowrap">Trust&#160;Account-</FONT>
    Restricted
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    (78,815,000
</TD>
<TD nowrap align="left" valign="bottom">
    )
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    (78,815,000
</TD>
<TD nowrap align="left" valign="bottom">
    )
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Cash flows from financing activities:
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 20pt">
    Proceeds from notes payable to stockholders
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    200,000
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    200,000
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 20pt">
    Proceeds from common shares issued to founders
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    25,000
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    25,000
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 20pt">
    Proceeds from public offering
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    80,000,000
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    80,000,000
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 20pt">
    Proceeds from issuance of insider warrants
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    2,400,000
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    2,400,000
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 20pt">
    Repayment of notes payable to stockholders
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    (200,000
</TD>
<TD nowrap align="left" valign="bottom">
    )
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    (200,000
</TD>
<TD nowrap align="left" valign="bottom">
    )
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 20pt">
    Payment of underwriters&#146; discount and offering costs
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    (3,458,521
</TD>
<TD nowrap align="left" valign="bottom">
    )
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    (3,458,521
</TD>
<TD nowrap align="left" valign="bottom">
    )
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 30pt">
    Net cash provided by financing activities
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    78,966,479
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    78,966,479
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Net increase in cash and cash equivalents
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    184,735
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    124,139
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    308,874
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Cash and cash equivalents, beginning of period
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    124,139
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Cash and cash equivalents, end of period
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    308,874
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    124,139
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    308,874
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Supplemental disclosure of non-cash financing activities:
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 20pt">
    Deferred offering costs
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    2,730,000
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    2,730,000
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Supplemental disclosure of cash paid during the year for:
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 20pt">
    Income taxes
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    967,337
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    967,337
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
</TABLE>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">

</DIV>

<DIV style="margin-top: 3pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (See accompanying notes to financial statements)
</DIV>

<P align="center" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <BR>
    F-7
</DIV><!-- END PAGE WIDTH -->
<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>

<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->
<A name='406'>
<DIV style="margin-top: 18pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">IDEATION
    ACQUISITION CORP.<BR>
    (a corporation in the development stage)<BR>
    <BR>
    NOTES&#160;TO FINANCIAL STATEMENTS</FONT></B>
</DIV>
</A>
<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

<TR>
    <TD width="8%"></TD>
    <TD width="92%"></TD>
</TR>

<TR valign="top">
    <TD>
    <B><FONT style="font-family: 'Times New Roman', Times">Note&#160;1&#160;&#151;
    </FONT></B>
</TD>
    <TD>
    <B><FONT style="font-family: 'Times New Roman', Times">Organization
    and Nature of Business Operations</FONT></B>
</TD>
</TR>

</TABLE>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Ideation Acquisition Corp. (a corporation in the development
    stage) (the &#147;Company&#148;) was incorporated in Delaware on
    June&#160;1, 2007. The Company was formed to acquire through a
    merger, stock exchange, asset acquisition or similar business
    combination a currently unidentified business or businesses. The
    Company is considered to be in the development stage as defined
    in Statement of Financial Accounting Standards (SFAS)
    No.&#160;7, &#147;Accounting and Reporting By Development Stage
    Enterprises,&#148; and is subject to the risks associated with
    activities of development stage companies. All activity from the
    period June&#160;1, 2007 (Inception) through December&#160;31,
    2008 relates to the Company&#146;s formation, capital raising,
    and its initial public offering as described below. The Company
    selected December&#160;31st&#160;as its fiscal year end.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    The registration statement for the Company&#146;s initial public
    offering (&#147;Offering&#148;) was declared effective on
    November&#160;19, 2007. The Company consummated the Offering on
    November&#160;26, 2007. The Company&#146;s management has broad
    discretion with respect to the specific application of the net
    proceeds of the Offering of Units although substantially all of
    the net proceeds of the Offering are intended to be generally
    applied toward consummating a business combination with (or
    acquisition of) a Target Business (&#147;Business
    Combination&#148;). As used herein, &#147;Target Business&#148;
    shall mean one or more businesses that at the time of the
    Company&#146;s initial Business Combination has a fair market
    value of at least 80% of the Company&#146;s net assets (all of
    the Company&#146;s assets, including the funds then held in the
    Trust&#160;Account, less the Company&#146;s liabilities
    (excluding deferred underwriting discounts and commissions of
    approximately $2.73&#160;million). Furthermore, there is no
    assurance that the Company will be able to successfully affect a
    Business Combination.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Upon closing of the Offering, $78,815,000 was placed in a trust
    account and invested in United States &#147;government debt
    securities&#148; within the meaning of Section&#160;2(a)(16) of
    the Investment Company Act of 1940, as amended (&#147;Investment
    Company Act&#148;), having a maturity of 180&#160;days or less,
    or in money market funds selected by the Company meeting certain
    conditions under
    <FONT style="white-space: nowrap">Rule&#160;2a-7</FONT>
    promulgated under the Investment Company Act, until the earlier
    of (i)&#160;the consummation of the Company&#146;s first
    Business Combination or (ii)&#160;the liquidation of the
    Company. The amounts placed in the Trust&#160;Account consists
    of the proceeds of our IPO (see Note&#160;3)&#160;and the
    issuance of Insider Warrants (see Note&#160;4)&#160;and
    $2.73&#160;million of the gross proceeds representing deferred
    underwriting discounts and commissions that will be released to
    the underwriters on completion of a Business Combination. The
    remaining proceeds outside of the Trust&#160;Account, along with
    the interest income of up to $1.7&#160;million earned on the
    Trust&#160;Account that may be released to the Company, may be
    used to pay for business, legal and accounting due diligence on
    prospective acquisitions and continuing general and
    administrative expenses.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    The Company will seek stockholder approval before it will affect
    any Business Combination, even if the Business Combination would
    not ordinarily require stockholder approval under applicable
    state law. In connection with the stockholder vote required to
    approve any Business Combination, all of the Company&#146;s
    existing stockholders (&#147;Initial Stockholders&#148;) have
    agreed to vote the shares of common stock owned by them
    immediately before the Company&#146;s IPO in accordance with the
    majority of the shares of common stock voted by the Public
    Stockholders. &#147;Public Stockholders&#148; is defined as the
    holders of common stock sold as part of the Units in the
    Offering or in the aftermarket. The Company will proceed with a
    Business Combination only if a majority of the shares of common
    stock voted by the Public Stockholders are voted in favor of the
    Business Combination and Public Stockholders owning less than
    30% of the shares sold in the Public Offering both vote against
    The Business Combination and exercise their conversion rights.
    If a majority of the shares of common stock voted by the Public
    Stockholders are not voted in favor of a proposed initial
    Business Combination, but 24&#160;months has not yet passed
    since closing of the Offering, the Company may combine with
    another Target Business meeting the fair market value criterion
    described above.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    If the Business Combination is approved, Public Stockholders
    voting either for or against a Business Combination will be
    entitled to convert their stock into a pro rata share of the
    total amount on deposit in the
</DIV>

<P align="center" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <BR>
    F-8
</DIV><!-- END PAGE WIDTH -->
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<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>

<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->

<DIV style="margin-top: 18pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">IDEATION
    ACQUISITION CORP.<BR>
    (a corporation in the development stage)<BR>
    <BR>
    NOTES&#160;TO FINANCIAL
    STATEMENTS&#160;&#151;&#160;(Continued)</FONT></B>
</DIV>
<DIV style="margin-top: 18pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Trust&#160;Account, before payment of underwriting discounts and
    commissions and including any interest earned on their portion
    of the Trust&#160;Account net of income taxes payable thereon,
    and net of any interest income of up to $1.7&#160;million on the
    balance of the Trust&#160;Account previously released to the
    Company, if a Business Combination is approved and completed.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    The Company&#146;s Certificate of Incorporation was amended
    prior to the closing of the Offering to provide that the Company
    will continue in existence only until 24&#160;months from the
    effective date. If the Company has not completed a Business
    Combination by such date, its corporate existence will cease
    except for the purposes of winding up its affairs and it will
    liquidate. In the event of liquidation, it is likely that the
    per share value of the residual assets remaining available for
    distribution (including Trust&#160;Account assets) will be less
    than the initial public offering price per share in the Offering
    (assuming no value is attributed to the Warrants contained in
    the Units to be offered in the Offering discussed in
    Note&#160;3).
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    The Company will not generate any operating revenues until after
    the completion of its initial Business Combination, at the
    earliest. The Company will generate non-operating income in the
    form of interest income on cash and cash equivalents. The
    Company earned approximately $1,616,000 and $340,000,
    respectively, of interest income on the Trust&#160;Account for
    the year ended December&#160;31, 2008 and for the period from
    June&#160;1, 2007 (Inception) to December&#160;31, 2007.
</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

<TR>
    <TD width="8%"></TD>
    <TD width="92%"></TD>
</TR>

<TR valign="top">
    <TD>
    <B><FONT style="font-family: 'Times New Roman', Times">Note&#160;2&#160;&#151;
    </FONT></B>
</TD>
    <TD>
    <B><FONT style="font-family: 'Times New Roman', Times">Summary
    of Significant Accounting Policies</FONT></B>
</TD>
</TR>

</TABLE>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 2%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><I><FONT style="font-family: 'Times New Roman', Times">Basis
    of presentation</FONT></I></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    The financial statements of the Company are presented in
    U.S.&#160;dollars in conformity with accounting principles
    generally accepted in the United States of America
    (U.S.&#160;GAAP) and pursuant to the accounting and disclosure
    rules and regulations of the United States Securities and
    Exchange Commission (&#147;SEC&#148;).
</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 2%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><I><FONT style="font-family: 'Times New Roman', Times">Development
    stage company</FONT></I></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    The Company complies with the reporting requirements of
    SFAS&#160;No.&#160;7, &#147;Accounting and Reporting by
    Development Stage Enterprises.&#148;
</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 2%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><I><FONT style="font-family: 'Times New Roman', Times">Concentration
    of credit risk</FONT></I></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Financial instruments that potentially subject the Company to a
    significant concentration of credit risk consist primarily of
    cash. From time to time, the Company may maintain deposits in
    federally insured financial institutions in excess of federally
    insured limits. However, management believes the Company is not
    exposed to significant credit risk due to the financial position
    of the depository institutions in which those deposits are held
    and currently maintains deposits below Federally insured limits.
</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 2%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><I><FONT style="font-family: 'Times New Roman', Times">Cash
    and cash equivalents</FONT></I></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Cash and cash equivalents are defined as cash and investments
    that have a maturity at date of purchase of three months or less.
</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 2%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><I><FONT style="font-family: 'Times New Roman', Times">Income
    per common share</FONT></I></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    The Company complies with SFAS&#160;No.&#160;128, &#147;Earnings
    Per Share,&#148; which requires dual presentation of basic and
    diluted earnings per share on the face of the statement of
    operations. Basic net income per share is computed by dividing
    net income by the weighted average common shares outstanding for
    the period. Diluted net income per share reflects the potential
    dilution that could occur if warrants were to be exercised or
    converted into common stock that would result in the issuance of
    common shares.
</DIV>

<P align="center" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <BR>
    F-9
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<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->

<DIV style="margin-top: 18pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">IDEATION
    ACQUISITION CORP.<BR>
    (a corporation in the development stage)<BR>
    <BR>
    NOTES&#160;TO FINANCIAL
    STATEMENTS&#160;&#151;&#160;(Continued)</FONT></B>
</DIV>
<DIV style="margin-top: 18pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    The Company&#146;s statement of operations includes a
    presentation of earnings per share for common stock subject to
    possible redemption in a manner similar to the two-class method
    of earnings per share. Basic and diluted income per share amount
    for the maximum number of shares subject to possible redemption
    is calculated by dividing the net interest attributable to
    common shares subject to possible redemption by the weighted
    average number of shares subject to possible redemption. Basic
    and diluted income per share amount for the shares outstanding
    not subject to possible redemption is calculated by dividing the
    net income exclusive of the net interest income attributable to
    common shares subject to redemption by the weighted average
    number of shares not subject to possible redemption.
</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 2%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><I><FONT style="font-family: 'Times New Roman', Times">Use of
    estimates</FONT></I></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    The preparation of financial statements in conformity with
    accounting principles generally accepted in the United States of
    America requires management to make estimates and assumptions
    that affect the reported amounts of assets and liabilities and
    disclosure of contingent assets and liabilities at the date of
    the financial statements and the reported amounts of income and
    expenses during the reporting period. Actual results could
    differ from those estimates.
</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 2%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><I><FONT style="font-family: 'Times New Roman', Times">Income
    taxes</FONT></I></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    The Company complies with SFAS&#160;109, &#147;<I>Accounting for
    Income Taxes</I>,&#148; which requires an asset and liability
    approach to financial accounting and reporting for income taxes.
    Deferred income tax assets and liabilities are computed for
    differences between the financial statement and tax bases of
    assets and liabilities that will result in future taxable or
    deductible amounts, based on enacted tax laws and rates
    applicable to the periods in which the differences are expected
    to affect taxable income. Valuation allowances are established,
    when necessary, to reduce deferred tax assets to the amount
    expected to be realized.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    The Company also complies with the provisions of the Financial
    Accounting Standards Interpretation No.&#160;48,
    &#147;<I>Accounting for Uncertainty in Income Taxes</I>&#148;
    (&#147;FIN&#160;48&#148;). FIN&#160;48 prescribes a recognition
    threshold and measurement process for recording in the financial
    statements uncertain tax positions taken or expected to be taken
    in a tax return. FIN&#160;48 also provides guidance on
    de-recognition, classification, interest and penalties,
    accounting in interim periods, disclosures and transitions.
    There were no unrecognized tax benefits as of December&#160;31,
    2008 and 2007. The Company would recognize accrued interest and
    penalties related to unrecognized tax benefits as income tax
    expense. No amounts were accrued for the payment of interest and
    penalties at December&#160;31, 2008. Management is currently
    unaware of any issues under review that could result in
    significant payments, accruals, or material deviations from its
    position. The Company adopted FIN&#160;48 effective June&#160;1,
    2007 (date of inception) and has determined that the adoption
    did not have an impact on the Company&#146;s financial position,
    results of operations, or cash flows.
</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 2%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><I><FONT style="font-family: 'Times New Roman', Times">Securities
    held in trust</FONT></I></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Investment securities consist of United States Treasury
    securities. The Company classifies its securities as
    held-to-maturity in accordance with SFAS&#160;No.&#160;115,
    &#147;Accounting for Certain Debt and Equity Securities.&#148;
    Held-to-maturity securities are those securities which the
    Company has the ability and intent to hold until maturity.
    Held-to-maturity treasury securities are recorded at amortized
    cost and adjusted for the amortization or accretion of premiums
    or discounts.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    A decline in the market value of held-to-maturity securities
    below cost that is deemed to be other than temporary, results in
    an impairment that reduces the carrying costs to such
    securities&#146; fair value. The impairment is charged to
    earnings and a new cost basis for the security is established.
    To determine whether an impairment is other than temporary, the
    Company considers whether it has the ability and intent to hold
    the investment until a market price recovery and considers
    whether evidence indicating the cost of the investment
</DIV>

<P align="center" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <BR>
    F-10
</DIV><!-- END PAGE WIDTH -->
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<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>

<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->

<DIV style="margin-top: 18pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">IDEATION
    ACQUISITION CORP.<BR>
    (a corporation in the development stage)<BR>
    <BR>
    NOTES&#160;TO FINANCIAL
    STATEMENTS&#160;&#151;&#160;(Continued)</FONT></B>
</DIV>
<DIV style="margin-top: 18pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    is recoverable outweighs evidence to the contrary. Evidence
    considered in this assessment includes the reasons for the
    impairment, the severity and the duration of the impairment,
    changes in value subsequent to year-end, forecasted performance
    of the investee, and the general market condition in the
    geographic area or industry the investee operates in.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Premiums and discounts are amortized or accreted over the life
    of the related held-to-maturity security as an adjustment to
    yield using the effective-interest method. Such amortization and
    accretion is included in the &#147;interest income&#148; line
    item in the statement of operations. Interest income is
    recognized when earned.
</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 2%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><I><FONT style="font-family: 'Times New Roman', Times">Fair
    value of financial instruments</FONT></I></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    The Company does not enter into financial instruments or
    derivative contracts for trading or speculative purposes. The
    carrying amounts of the Company&#146;s assets and liabilities,
    which qualify as financial instruments under
    SFAS&#160;No.&#160;107, &#147;Disclosure About Fair Value of
    Financial Instruments,&#148; approximates their fair value
    represented in the accompanying condensed balance sheets.
</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 2%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><I><FONT style="font-family: 'Times New Roman', Times">Redeemable
    common stock</FONT></I></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    The Company accounts for redeemable common stock in accordance
    with Emerging Issue Task Force D-98 &#147;Classification and
    Measurement of Redeemable Securities&#148;. Securities that are
    redeemable for cash or other assets are classified outside of
    permanent equity if they are redeemable at the option of the
    holder. In addition, if the redemption causes a redemption
    event, the redeemable securities should not be classified
    outside of permanent equity. As discussed in Note&#160;1, the
    Business Combination will only be consummated if a majority of
    the shares of common stock voted by the Public Stockholders are
    voted in favor of the Business Combination and Public
    Stockholders holding less than 30% (2,999,999) of common shares
    sold in the Offering exercise their conversion rights. As
    further discussed in Note&#160;1, if a Business Combination is
    not consummated within 24&#160;months, the Company will
    liquidate. Accordingly, 2,999,999&#160;shares have been
    classified outside of permanent equity at redemption value. The
    Company recognizes changes in the redemption value immediately
    as they occur and adjusts the carrying value of the redeemable
    common stock to equal its redemption value at the end of each
    reporting period.
</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 2%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><I><FONT style="font-family: 'Times New Roman', Times">New
    Accounting Pronouncements</FONT></I></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    In December 2007, the FASB issued SFAS&#160;141(R),
    &#147;Business Combinations). SFAS&#160;141(R) provides
    companies with principles and requirements on how an acquirer
    recognizes and measures in its financial statements the
    identifiable assets acquired, liabilities assumed, and any
    non-controlling interest in the acquiree as well as the
    recognition and measurement of goodwill acquired in a business
    combination. Under SFAS&#160;141R, an acquiring entity will be
    required to recognize all the assets acquired and liabilities
    assumed in a transaction at the acquisition-date fair value with
    limited exceptions. SFAS&#160;141R will change the accounting
    treatment historically used for certain specific items,
    including:
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="4%"></TD>
    <TD width="2%"></TD>
    <TD width="94%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    Acquisition costs will be generally expensed as incurred;
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    Noncontrolling interests (formerly known as &#147;minority
    interests&#148;&#160;&#151; see SFAS&#160;160 discussion below)
    will be valued at fair value at the acquisition date;
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    Acquired contingent liabilities will be recorded at fair value
    at the acquisition date and subsequently measured at either the
    higher of such amount or the amount determined under existing
    guidance for non-acquired contingencies;
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    In-process research and development will be recorded at fair
    value as an indefinite-lived intangible asset at the acquisition
    date;
</TD>
</TR>

</TABLE>

<P align="center" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <BR>
    F-11
</DIV><!-- END PAGE WIDTH -->
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<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>

<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->

<DIV style="margin-top: 18pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">IDEATION
    ACQUISITION CORP.<BR>
    (a corporation in the development stage)<BR>
    <BR>
    NOTES&#160;TO FINANCIAL
    STATEMENTS&#160;&#151;&#160;(Continued)</FONT></B>
</DIV>
<DIV style="margin-top: 18pt; font-size: 1pt">&nbsp;</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="4%"></TD>
    <TD width="2%"></TD>
    <TD width="94%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    Restructuring costs associated with a business combination will
    be generally expensed subsequent to the acquisition
    date;&#160;and
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    Changes in deferred tax asset valuation allowances and income
    tax uncertainties after the acquisition date generally will
    affect future income tax expense.
</TD>
</TR>

</TABLE>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    For the Company, SFAS&#160;No.&#160;141R is effective for
    business combinations occurring after December&#160;31, 2008.
    The Company is currently evaluating the future impacts and
    disclosures of this standard.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    In December 2007, the FASB issued SFAS&#160;No.&#160;160,
    &#147;Noncontrolling Interests in Consolidated Financial
    Statements&#160;&#151; An Amendment of ARB No.&#160;51&#148;.
    SFAS&#160;No.&#160;160 requires reporting entities to present
    noncontrolling (minority) interests as equity as opposed to as a
    liability or mezzanine equity and provides guidance on the
    accounting for transactions between an entity and noncontrolling
    interests. SFAS&#160;No.&#160;160 is effective the first fiscal
    year beginning after December&#160;15, 2008, and interim periods
    within that fiscal year. SFAS&#160;No.&#160;160 applies
    prospectively as of the beginning of the fiscal year
    SFAS&#160;No.&#160;160 is initially applied, except for the
    presentation and disclosure requirements which are applied
    retrospectively for all periods presented subsequent to
    adoption. The adoption of SFAS&#160;No.&#160;160 will not have a
    material impact on the financial statements; however, it could
    impact future transactions entered into by the Company.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    In December 2007, the SEC issued SAB&#160;No.&#160;110,
    <I>&#147;Share-Based Payment&#148;
    </I>(&#147;SAB&#160;110&#148;). SAB&#160;110 establishes the
    continued use of the simplified method for estimating the
    expected term of equity based compensation. The simplified
    method was intended to be eliminated for any equity based
    compensation arrangements granted after December&#160;31, 2007.
    SAB&#160;110 is being published to help companies that may not
    have adequate exercise history to estimate expected terms for
    future grants. The adoption of SAB&#160;110 has not had a
    material effect on the Company&#146;s consolidated financial
    statements.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    In March 2008, the FASB issued SFAS&#160;No.&#160;161,
    <I>&#147;Disclosures about Derivative Instruments and Hedging
    Activities&#160;&#151; An Amendment to FASB Statement
    No.&#160;133</I>&#148;. SFAS&#160;No.&#160;161 is intended to
    improve financial standards for derivative instruments and
    hedging activities by requiring enhanced disclosures to enable
    investors to better understand their effects on an entity&#146;s
    financial position, financial performance, and cash flows.
    Entities are required to provide enhanced disclosures about:
    (a)&#160;how and why an entity uses derivative instruments;
    (b)&#160;how derivative instruments and related hedged items are
    accounted for under Statement 133 and its related
    interpretations; and (c)&#160;how derivative instruments and
    related hedged items affect an entity&#146;s financial position,
    financial performance, and cash flows. It is effective for
    financial statements issued for fiscal years beginning after
    November&#160;15, 2008, with early adoption encouraged. The
    adoption of this statement is not expected to have a material
    effect on the Company&#146;s financial statements.
</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

<TR>
    <TD width="8%"></TD>
    <TD width="92%"></TD>
</TR>

<TR valign="top">
    <TD>
    <B><FONT style="font-family: 'Times New Roman', Times">Note&#160;3&#160;&#151;
    </FONT></B>
</TD>
    <TD>
    <B><FONT style="font-family: 'Times New Roman', Times">Initial
    Public Offering</FONT></B>
</TD>
</TR>

</TABLE>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    In its initial pubic offering effective November&#160;19, 2007
    (consummated November&#160;26, 2007), the Company sold
    10,000,000&#160;units (&#147;Units&#148;) at a price of $8.00
    per unit. Proceeds from the initial public offering totaled
    $73,811,479 which was net of $3,458,521 in underwriting and
    other expenses and $2,730,000 of deferred underwriting fees.
    Each Unit consists of one share of the Company&#146;s common
    stock, $0.0001&#160;par value, and one Redeemable Common Stock
    Purchase Warrant (&#147;Warrant&#148;). Each Warrant will
    entitle the holder to purchase from the Company one share of
    common stock at an exercise price of $6.00 commencing on the
    later of the completion of a Business Combination with a Target
    Business and November&#160;19, 2008 and expiring
    November&#160;19, 2011, unless earlier redeemed. The Warrants
    will be redeemable at a price of $0.01 per Warrant upon
    30&#160;days&#146; notice after the Warrants become exercisable,
    only in the event that the last sale price of the common stock
    is at least $11.50 per share for any 20 trading days within a 30
    trading day period ending on the third business day prior to the
    date on which notice of redemption is sent. In accordance with
    the warrant agreement, the Company is only required to use its
    best efforts to maintain the effectiveness of the
</DIV>

<P align="center" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <BR>
    F-12
</DIV><!-- END PAGE WIDTH -->
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<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>

<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->

<DIV style="margin-top: 18pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">IDEATION
    ACQUISITION CORP.<BR>
    (a corporation in the development stage)<BR>
    <BR>
    NOTES&#160;TO FINANCIAL
    STATEMENTS&#160;&#151;&#160;(Continued)</FONT></B>
</DIV>
<DIV style="margin-top: 18pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    registration statement covering the Warrants. The Company will
    not be obligated to deliver securities, and there are no
    contractual penalties for failure to deliver securities, if a
    registration statement is not effective at the time of exercise.
    Additionally, in the event that a registration is not effective
    at the time of exercise, the holder of such Warrant shall not be
    entitled to exercise such Warrant and in no event (whether in
    the case of a registration statement not being effective or
    otherwise) will the Company be required to net cash settle the
    warrant exercise. Consequently, the Warrants may expire
    unexercised and unredeemed.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Proceeds held in the Trust&#160;Account will not be available
    for the Company&#146;s use for any purpose, except to pay any
    income taxes and up to $1.7&#160;million can be taken from the
    interest earned on the Trust&#160;Account to fund the
    Company&#146;s working capital. These proceeds will be used to
    pay for business, legal, and accounting due diligence on
    prospective acquisitions and continuing general and
    administrative expenses. As of December&#160;31, 2008, the
    Company included approximately $105,000 of these proceeds in
    their cash balance as they plan on withdrawing the cash as
    needed for operations. From June&#160;1, 2007 (inception) to
    December&#160;31, 2008, the company has transferred
    approximately $1.9&#160;million from the Trust&#160;Account, of
    which approximately $0.8&#160;million has been used to fund the
    company&#146;s working capital requirements and
    $1.0&#160;million has been used for the payment of income taxes.
</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

<TR>
    <TD width="8%"></TD>
    <TD width="92%"></TD>
</TR>

<TR valign="top">
    <TD>
    <B><FONT style="font-family: 'Times New Roman', Times">Note&#160;4&#160;&#151;
    </FONT></B>
</TD>
    <TD>
    <B><FONT style="font-family: 'Times New Roman', Times">Related
    Party Transactions</FONT></B>
</TD>
</TR>

</TABLE>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    In June 2007, the Company issued 2,500,000&#160;shares
    (&#147;Initial Shares&#148;) of common stock to the Initial
    Stockholders for $0.01 per share or a total of $25,000. The
    Initial Stockholders also purchased 250,000&#160;units for
    $2,000,000 in the IPO.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    The Company issued unsecured promissory notes totaling $200,000
    to its Initial Stockholders, on June&#160;12, 2007. The notes
    were non-interest bearing and were repaid from the proceeds of
    the Offering by the Company.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    The Company paid approximately $13,000 from inception to
    December&#160;31, 2008 for office space and general and
    administrative services, leased from Clarity Partners, L.P.
    Barry A. Porter, one of our special advisors, is a co-founder
    and Managing General Partner of Clarity Partners, L.P., and the
    grantor trust of Mr.&#160;Porter, Nautilus Trust dtd
    <FONT style="white-space: nowrap">9/10/99,</FONT> is
    one of our initial stockholders. Services commenced on
    November&#160;19, 2007 and will terminate upon the earlier of
    (i)&#160;the consummation of a Business Combination or
    (ii)&#160;the liquidation of the Company. The Company terminated
    its agreement with Clarity Partners, L.P. effective
    March&#160;31, 2008.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    On March&#160;20, 2008, the Audit Committee of Ideation
    Acquisition Corp approved a new sub-leasing and administrative
    and support services agreement. Effective April&#160;1, 2008,
    the Company has moved its principal offices to
    1990&#160;S.&#160;Bundy Boulevard, Suite&#160;620, Los Angeles,
    CA 90025. It subleases the space and pays approximately $7,500
    per month for office space and related services to Spirit EMX
    LLC. Robert N. Fried, our Chief Executive Officer and one of our
    initial shareholders, is the founder and Chief Executive Officer
    of Spirit EMX LLC. The Company incurred approximately $65,000
    from April&#160;1, 2008 to December&#160;31, 2008 for office
    space and administrative services and paid approximately $58,000
    to Sprint EMX LLC. In January 2009, the Company moved its
    principal offices to 1105 N Market Street, Suite&#160;1300,
    Wilmington, Delaware 19801, while maintaining an office at
    1990&#160;S.&#160;Bundy Boulevard, Suite&#160;620, Los Angeles,
    CA 90025.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    The Initial Stockholders purchased warrants (&#147;Insider
    Warrants&#148;) exercisable for 2,400,000&#160;shares of common
    stock at a purchase price of $1.00 per warrant concurrently with
    the closing of the Offering at a price of $1.00 per Insider
    Warrant directly from the Company and not as part of the
    Offering. All of the proceeds from this private placement have
    been placed in a trust account until a business combination has
    been consummated. The Insider Warrants are identical to the
    Warrants included in the Units sold in the Offering except that
    if the Company calls the Warrants for redemption, the Insider
    Warrants may be exercisable on a
</DIV>

<P align="center" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <BR>
    F-13
</DIV><!-- END PAGE WIDTH -->
<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>

<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->

<DIV style="margin-top: 18pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">IDEATION
    ACQUISITION CORP.<BR>
    (a corporation in the development stage)<BR>
    <BR>
    NOTES&#160;TO FINANCIAL
    STATEMENTS&#160;&#151;&#160;(Continued)</FONT></B>
</DIV>
<DIV style="margin-top: 18pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    &#147;cashless basis&#148; so long as such securities are held
    by the Initial Stockholders or their affiliates. Additionally,
    our Initial Stockholders have agreed that the Insider Warrants
    will not be sold or transferred by them until after the Company
    has completed a Business Combination. The Company believes based
    on a review of the trading prices of the public warrants of
    other blank check companies similar to the Company, that the
    purchase price of $1.00 per Insider Warrant is not less than the
    approximate fair value of such warrants on the date of issuance.
    Therefore, the Company has not recorded stock-based compensation
    expense upon the sale of the Insider Warrants.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    The holders of the Initial Shares, as well as the holders of the
    Insider Warrants (and underlying securities), will be entitled
    to registration rights pursuant to an agreement signed on
    November&#160;19, 2007. The holders of a majority of these
    securities will be entitled to make up to two demands that we
    register such securities. The holders of a majority of the
    Initial Shares will be able to make a demand for registration of
    the resale of their Initial Shares at any time commencing nine
    months after the consummation of a business combination. The
    holders of a majority of the Insider Warrants (or underlying
    securities) will be able to elect to exercise these registration
    rights with respect to the Insider Warrants (or underlying
    securities) at any time after the Company consummates a business
    combination. In addition, such holders will have certain
    &#147;piggy-back&#148; registration rights on registration
    statements filed subsequent to the date on which such securities
    are released from escrow. All our Initial Stockholders placed
    the initial shares and the insider warrants into an escrow
    account maintained by Continental Stock Transfer&#160;&#038;
    Trust&#160;Company, acting as escrow agent. The Initial Shares
    will not be released from escrow until one year after the
    consummation of a Business Combination, or earlier if, following
    a Business Combination, the Company engages in a subsequent
    transaction resulting in the Company&#146;s stockholders having
    the right to exchange their shares for cash or other securities
    or if the Company liquidates and dissolves. The Insider Warrants
    will not be released from escrow until 90&#160;days after the
    completion of a Business Combination. The Company will bear the
    expenses incurred in connection with the filing of any such
    registration statements.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    We reimburse Dr.&#160;Frost for Company-related use by
    Dr.&#160;Frost and our other executives of an airplane owned by
    a company that is beneficially owned by Dr.&#160;Frost. We
    reimburse Dr.&#160;Frost in an amount equal to the cost of a
    first class airline ticket between the travel cities for each
    executive, including Dr.&#160;Frost, traveling on the airplane
    for Company-related business. We do not reimburse Dr.&#160;Frost
    for personal use of the airplane by Dr.&#160;Frost or any other
    executive; nor do we pay for any other fixed or variable
    operating costs of the airplane. For the fiscal year ending
    December&#160;31, 2008, we reimbursed Dr.&#160;Frost
    approximately $16,000 for Company-related travel by
    Dr.&#160;Frost and other Ideation executives.
</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

<TR>
    <TD width="8%"></TD>
    <TD width="92%"></TD>
</TR>

<TR valign="top">
    <TD>
    <B><FONT style="font-family: 'Times New Roman', Times">Note&#160;5&#160;&#151;
    </FONT></B>
</TD>
    <TD>
    <B><FONT style="font-family: 'Times New Roman', Times">Income
    taxes</FONT></B>
</TD>
</TR>

</TABLE>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Deferred income taxes are provided for the differences between
    the bases of assets and liabilities for financial reporting and
    income tax purposes. A valuation allowance is established when
    necessary to reduce the deferred tax assets to the amount
    expected to be realized. The Company recorded a deferred income
    tax asset of $440,759 for the tax effect of temporary
    differences during the period. Temporary differences during the
    period from June&#160;1, 2007 (Inception) to December&#160;31,
    2008 and during the year ended December&#160;31, 2008 consist of
    start up costs and organizational expenses, which are not
    deductible for Federal Income Tax purposes.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    The Company&#146;s provision for income taxes reflects the
    application of federal and state statutory rates to the
    Company&#146;s income before taxes. The Company&#146;s effective
    tax rate was approximately 34% for the periods from June&#160;1,
    2007 (Inception) to December&#160;31, 2008, 29.8% for the year
    ended December&#160;31, 2008. Prior to the third quarter of
    2008, the Company believed that it was liable for state incomes
    taxes and accordingly was recording a state tax provision and
    making quarterly estimated payments. Based on a review of facts
    and circumstances during the third quarter of 2008, the Company
    believes that it is not liable for state income
</DIV>

<P align="center" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <BR>
    F-14
</DIV><!-- END PAGE WIDTH -->
<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>

<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->

<DIV style="margin-top: 18pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">IDEATION
    ACQUISITION CORP.<BR>
    (a corporation in the development stage)<BR>
    <BR>
    NOTES&#160;TO FINANCIAL
    STATEMENTS&#160;&#151;&#160;(Continued)</FONT></B>
</DIV>
<DIV style="margin-top: 18pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    taxes and accordingly, eliminated its state tax provision and
    recorded a receivable for the return of its estimated tax
    payments from the state.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Components of the current and deferred provision for income
    taxes are approximately as follows:
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<TABLE border="0" width="100%" align="center" cellpadding="0" cellspacing="0" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
<!-- Table Width Row BEGIN -->
<TR style="font-size: 1pt" valign="bottom">
    <TD width="43%">&nbsp;</TD>	<!-- colindex=01 type=maindata -->
    <TD width="2%">&nbsp;</TD>	<!-- colindex=02 type=gutter -->
    <TD width="1%" align="right">&nbsp;</TD>	<!-- colindex=02 type=lead -->
    <TD width="15%" align="right">&nbsp;</TD>	<!-- colindex=02 type=body -->
    <TD width="1%" align="left">&nbsp;</TD>	<!-- colindex=02 type=hang1 -->
    <TD width="3%">&nbsp;</TD>	<!-- colindex=03 type=gutter -->
    <TD width="1%" align="right">&nbsp;</TD>	<!-- colindex=03 type=lead -->
    <TD width="14%" align="right">&nbsp;</TD>	<!-- colindex=03 type=body -->
    <TD width="1%" align="left">&nbsp;</TD>	<!-- colindex=03 type=hang1 -->
    <TD width="3%">&nbsp;</TD>	<!-- colindex=04 type=gutter -->
    <TD width="1%" align="right">&nbsp;</TD>	<!-- colindex=04 type=lead -->
    <TD width="14%" align="right">&nbsp;</TD>	<!-- colindex=04 type=body -->
    <TD width="1%" align="left">&nbsp;</TD>	<!-- colindex=04 type=hang1 -->
</TR>
<!-- Table Width Row END -->
<TR style="font-size: 8pt" valign="bottom" align="center">
<TD nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>Period from June&#160;1,<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>Period from June&#160;1,<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom" align="center">
<TD nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>For The Year Ended<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>2007 (Inception) to<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>2007 (Inception) to<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom" align="center">
<TD nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>December&#160;31,<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>December&#160;31,<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>December&#160;31,<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom" align="center">
<TD nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    <B>2008</B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    <B>2007</B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    <B>2008</B>
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR style="line-height: 3pt; font-size: 1pt">
<TD>&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    <B>Current Tax Provision</B>
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Federal
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    561,565
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    74,245
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    635,810
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    State
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    (21,175
</TD>
<TD nowrap align="left" valign="bottom">
    )
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    21,175
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="font-size: 1pt">
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Total Current
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    540,390
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    95,420
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    635,810
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    <B>Deferred Tax Provision</B>:
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Federal
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    (440,759
</TD>
<TD nowrap align="left" valign="bottom">
    )
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    (440,759
</TD>
<TD nowrap align="left" valign="bottom">
    )
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    State
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="font-size: 1pt">
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Total Deferred
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    (440,759
</TD>
<TD nowrap align="left" valign="bottom">
    )
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    (440,759
</TD>
<TD nowrap align="left" valign="bottom">
    )
</TD>
</TR>
<TR valign="bottom" style="font-size: 1pt">
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Total provision for income taxes
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    99,631
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    95,420
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    195,051
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="font-size: 1pt">
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
</TABLE>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">

</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    The following reconciles the (provision) benefit for income
    taxes for all periods computed using the U.S.&#160;statutory
    rate of 34% to the (provision) benefit for income taxes from
    operations as reflected in the financial statements:
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<TABLE border="0" width="100%" align="center" cellpadding="0" cellspacing="0" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
<!-- Table Width Row BEGIN -->
<TR style="font-size: 1pt" valign="bottom">
    <TD width="43%">&nbsp;</TD>	<!-- colindex=01 type=maindata -->
    <TD width="2%">&nbsp;</TD>	<!-- colindex=02 type=gutter -->
    <TD width="1%" align="right">&nbsp;</TD>	<!-- colindex=02 type=lead -->
    <TD width="15%" align="right">&nbsp;</TD>	<!-- colindex=02 type=body -->
    <TD width="1%" align="left">&nbsp;</TD>	<!-- colindex=02 type=hang1 -->
    <TD width="3%">&nbsp;</TD>	<!-- colindex=03 type=gutter -->
    <TD width="1%" align="right">&nbsp;</TD>	<!-- colindex=03 type=lead -->
    <TD width="14%" align="right">&nbsp;</TD>	<!-- colindex=03 type=body -->
    <TD width="1%" align="left">&nbsp;</TD>	<!-- colindex=03 type=hang1 -->
    <TD width="3%">&nbsp;</TD>	<!-- colindex=04 type=gutter -->
    <TD width="1%" align="right">&nbsp;</TD>	<!-- colindex=04 type=lead -->
    <TD width="14%" align="right">&nbsp;</TD>	<!-- colindex=04 type=body -->
    <TD width="1%" align="left">&nbsp;</TD>	<!-- colindex=04 type=hang1 -->
</TR>
<!-- Table Width Row END -->
<TR style="font-size: 8pt" valign="bottom" align="center">
<TD nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>Period from June&#160;1,<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>Period from June&#160;1,<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom" align="center">
<TD nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>For The Year Ended<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>2007 (Inception) to<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>2007 (Inception) to<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom" align="center">
<TD nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>December&#160;31,<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>December&#160;31,<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>December&#160;31,<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom" align="center">
<TD nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    <B>2008</B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    <B>2007</B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    <B>2008</B>
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR style="line-height: 3pt; font-size: 1pt">
<TD>&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Provision at statutory rate
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    120,806
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    74,245
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    195,051
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    State tax refund and other
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    (21,175
</TD>
<TD nowrap align="left" valign="bottom">
    )
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    21,175
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="font-size: 1pt">
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Provision for income taxes
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    99,631
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    95,420
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    195,051
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="font-size: 1pt">
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
</TABLE>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">

</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

<TR>
    <TD width="8%"></TD>
    <TD width="92%"></TD>
</TR>

<TR valign="top">
    <TD>
    <B><FONT style="font-family: 'Times New Roman', Times">Note&#160;6&#160;&#151;
    </FONT></B>
</TD>
    <TD>
    <B><FONT style="font-family: 'Times New Roman', Times">Investment
    in Trust&#160;Account; Marketable Securities</FONT></B>
</TD>
</TR>

</TABLE>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Since the closing of the Offering, net proceeds from the
    offering have been held in a trust account
    (&#147;Trust&#160;Account&#148;). The Trust&#160;Account may be
    invested in U.S.&#160;&#147;government debt securities,&#148;
    defined as any Treasury Bill or equivalent securities issued by
    the United States government having a maturity of one hundred
    and eighty (180)&#160;days or less or money market funds meeting
    the conditions specified in
    <FONT style="white-space: nowrap">Rule&#160;2a-7</FONT>
    under the Investment Company Act of 1940, until the earlier of
    (i)&#160;the consummation of its first Business Combination or
    (ii)&#160;the distribution of the Trust&#160;Account as
    described below. The proceeds in the Trust&#160;Account includes
    $2,730,000 of the gross proceeds representing deferred
    underwriting discounts and commissions that will be released to
    the underwriters on completion of a Business Combination.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    As of December&#160;31, 2008, investment securities in the
    Company&#146;s Trust&#160;Account consist of
    (a)&#160;approximately $55&#160;million in United States
    Treasury Bills and (b)&#160;approximately $24&#160;million in a
    mutual fund that invests in United States Treasury securities.
    The Company classifies its United States Treasury and equivalent
    securities as held-to-maturity in accordance with
    SFAS&#160;No.&#160;115, &#147;Accounting for Certain Debt and
    Equity Securities.&#148; Held-to- maturity securities are those
    securities which the Company has the ability and intent to hold
    until maturity. Held-to-maturity treasury securities are
    recorded at amortized cost on the accompanying balance sheets
    and adjusted for the amortization or accretion of premiums or
    discounts. The Company&#146;s investment in the United States
    Treasury mutual fund account is recorded at fair value
    (Note&#160;7).
</DIV>

<P align="center" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <BR>
    F-15
</DIV><!-- END PAGE WIDTH -->
<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>

<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->

<DIV style="margin-top: 18pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">IDEATION
    ACQUISITION CORP.<BR>
    (a corporation in the development stage)<BR>
    <BR>
    NOTES&#160;TO FINANCIAL
    STATEMENTS&#160;&#151;&#160;(Continued)</FONT></B>
</DIV>
<DIV style="margin-top: 18pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    The carrying amount, including accrued interest, gross
    unrealized holding gains, and fair value of held-to-maturity
    securities at December&#160;31, 2008 were as follows:
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<TABLE border="0" width="100%" align="center" cellpadding="0" cellspacing="0" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
<!-- Table Width Row BEGIN -->
<TR style="font-size: 1pt" valign="bottom">
    <TD width="57%">&nbsp;</TD>	<!-- colindex=01 type=maindata -->
    <TD width="2%">&nbsp;</TD>	<!-- colindex=02 type=gutter -->
    <TD width="1%" align="right">&nbsp;</TD>	<!-- colindex=02 type=lead -->
    <TD width="10%" align="right">&nbsp;</TD>	<!-- colindex=02 type=body -->
    <TD width="1%" align="left">&nbsp;</TD>	<!-- colindex=02 type=hang1 -->
    <TD width="3%">&nbsp;</TD>	<!-- colindex=03 type=gutter -->
    <TD width="1%" align="right">&nbsp;</TD>	<!-- colindex=03 type=lead -->
    <TD width="9%" align="right">&nbsp;</TD>	<!-- colindex=03 type=body -->
    <TD width="1%" align="left">&nbsp;</TD>	<!-- colindex=03 type=hang1 -->
    <TD width="3%">&nbsp;</TD>	<!-- colindex=04 type=gutter -->
    <TD width="1%" align="right">&nbsp;</TD>	<!-- colindex=04 type=lead -->
    <TD width="10%" align="right">&nbsp;</TD>	<!-- colindex=04 type=body -->
    <TD width="1%" align="left">&nbsp;</TD>	<!-- colindex=04 type=hang1 -->
</TR>
<!-- Table Width Row END -->
<TR style="font-size: 8pt" valign="bottom" align="center">
<TD nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>Gross<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom" align="center">
<TD nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>Carrying<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>unrealized<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom" align="center">
<TD nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    <B>amount</B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    <B>holding gains</B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    <B>Fair value</B>
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR style="line-height: 3pt; font-size: 1pt">
<TD>&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Held-to-maturity:
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 20pt">
    U. S. Treasury securities
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    54,993,327
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    6,673
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    55,000,000
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
</TABLE>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">

</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

<TR>
    <TD width="8%"></TD>
    <TD width="92%"></TD>
</TR>

<TR valign="top">
    <TD>
    <B><FONT style="font-family: 'Times New Roman', Times">Note&#160;7&#160;&#151;
    </FONT></B>
</TD>
    <TD>
    <B><FONT style="font-family: 'Times New Roman', Times">Fair
    Value Measurements</FONT></B>
</TD>
</TR>

</TABLE>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Effective January&#160;1, 2008, the Company adopted Statement of
    Financial Accounting Standard No.&#160;157, <I>Fair Value
    Measurement</I>, or SFAS&#160;157, for its financial assets and
    liabilities that are re-measured and reported at fair value at
    each reporting period, and non-financial assets and liabilities
    that are re-measured and reported at fair value at least
    annually. In accordance with the provisions of FSP
    <FONT style="white-space: nowrap">No.&#160;FAS&#160;157-2,</FONT>
    <I>Effective Date of FASB Statement No.&#160;157, </I>the
    Company has elected to defer implementation of SFAS&#160;157 as
    it relates to its non-financial assets and non-financial
    liabilities that are recognized and disclosed at fair value in
    the financial statements on a nonrecurring basis until
    January&#160;1, 2009. The Company is evaluating the impact, if
    any, this standard will have on its non-financial assets and
    liabilities.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    The adoption of SFAS&#160;157 to the Company&#146;s financial
    assets and liabilities did not have an impact on the
    Company&#146;s financial results.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    The following table presents information about the
    Company&#146;s assets and liabilities that are measured at fair
    value on a recurring basis as of December&#160;31, 2008, and
    indicates the fair value hierarchy of the valuation techniques
    the Company utilized to determine such fair value. In general,
    fair values determined by Level&#160;1 inputs utilize quoted
    prices (unadjusted) in active markets for identical assets or
    liabilities. Fair values determined by Level&#160;2 inputs
    utilize data points that are observable such as quoted prices,
    interest rates and yield curves. Fair values determined by
    Level&#160;3 inputs are unobservable data points for the asset
    or liability, and includes situations where there is little, if
    any, market activity for the asset or liability (in millions):
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<TABLE border="0" width="100%" align="center" cellpadding="0" cellspacing="0" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
<!-- Table Width Row BEGIN -->
<TR style="font-size: 1pt" valign="bottom">
    <TD width="38%">&nbsp;</TD>	<!-- colindex=01 type=maindata -->
    <TD width="2%">&nbsp;</TD>	<!-- colindex=02 type=gutter -->
    <TD width="1%" align="right">&nbsp;</TD>	<!-- colindex=02 type=lead -->
    <TD width="9%" align="right">&nbsp;</TD>	<!-- colindex=02 type=body -->
    <TD width="1%" align="left">&nbsp;</TD>	<!-- colindex=02 type=hang1 -->
    <TD width="3%">&nbsp;</TD>	<!-- colindex=03 type=gutter -->
    <TD width="1%" align="right">&nbsp;</TD>	<!-- colindex=03 type=lead -->
    <TD width="12%" align="right">&nbsp;</TD>	<!-- colindex=03 type=body -->
    <TD width="1%" align="left">&nbsp;</TD>	<!-- colindex=03 type=hang1 -->
    <TD width="3%">&nbsp;</TD>	<!-- colindex=04 type=gutter -->
    <TD width="1%" align="right">&nbsp;</TD>	<!-- colindex=04 type=lead -->
    <TD width="13%" align="right">&nbsp;</TD>	<!-- colindex=04 type=body -->
    <TD width="1%" align="left">&nbsp;</TD>	<!-- colindex=04 type=hang1 -->
    <TD width="3%">&nbsp;</TD>	<!-- colindex=05 type=gutter -->
    <TD width="1%" align="right">&nbsp;</TD>	<!-- colindex=05 type=lead -->
    <TD width="9%" align="right">&nbsp;</TD>	<!-- colindex=05 type=body -->
    <TD width="1%" align="left">&nbsp;</TD>	<!-- colindex=05 type=hang1 -->
</TR>
<!-- Table Width Row END -->
<TR style="font-size: 8pt" valign="bottom" align="center">
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>Significant<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom" align="center">
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>Fair Value at<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>Quoted Prices in<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>Significant Other<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>Unobservable<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom" align="center">
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>December&#160;31,<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>Active Markets<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>Observable Inputs<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>Inputs<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom" align="center">
<TD nowrap align="left" valign="bottom">
<DIV style="border-bottom: 1px solid #000000; width: 1%; padding-bottom: 1px">
    <B>Description</B>
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    <B>2008</B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    <B>(Level 1)</B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    <B>(Level 2)</B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    <B>(Level 3)</B>
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR style="line-height: 3pt; font-size: 1pt">
<TD>&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Assets:
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Money Market funds held in the Trust&#160;Account
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    23.8
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    23.8
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="font-size: 1pt">
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Total
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    23.8
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    23.8
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="font-size: 1pt">
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
</TABLE>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">

</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    The fair values of the Company&#146;s money market funds and
    cash and cash equivalents held in the Trust&#160;Account are
    determined through market, observable and corroborated sources.
</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

<TR>
    <TD width="8%"></TD>
    <TD width="92%"></TD>
</TR>

<TR valign="top">
    <TD>
    <B><FONT style="font-family: 'Times New Roman', Times">Note&#160;8&#160;&#151;
    </FONT></B>
</TD>
    <TD>
    <B><FONT style="font-family: 'Times New Roman', Times">Commitments
    and contingencies</FONT></B>
</TD>
</TR>

</TABLE>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    At the closing of the Offering, the Company paid a fee of 3.5%
    of the gross offering proceeds, excluding the proceeds received
    from the founding shareholders purchase of IPO Units, excluding
    the proceeds received from the founding shareholders&#146;
    purchase of IPO units. In addition, the Company has committed to
    pay a deferred fee of 3.5% of the gross proceeds, less the fees
    not paid on the founding shareholders purchase of IPO units, to
    the underwriters on the completion of an initial business
    combination by the Company.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    The Company has entered into a contingent fee arrangement with
    Akerman Senterfitt by which legal services related to potential
    acquisitions will be considered earned and paid upon the close
    of a business
</DIV>

<P align="center" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <BR>
    F-16
</DIV><!-- END PAGE WIDTH -->
<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>

<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->

<DIV style="margin-top: 18pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">IDEATION
    ACQUISITION CORP.<BR>
    (a corporation in the development stage)<BR>
    <BR>
    NOTES&#160;TO FINANCIAL
    STATEMENTS&#160;&#151;&#160;(Continued)</FONT></B>
</DIV>
<DIV style="margin-top: 18pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    combination by the required date. Fees, once earned will be paid
    out of closing costs. Per the arrangement, fees for services
    performed will not be due to Akerman Senterfitt unless an
    acquisition is successfully completed. The estimated contingent
    legal fees to be paid on the close of an acquisition are
    approximately $479,000.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    In addition to the previously described fees, Lazard Capital
    Markets LLC was granted a
    <FONT style="white-space: nowrap">45-day</FONT>
    option to purchase up to 1,500,000 Units (over and above the
    10,000,000 Units referred to above) solely to cover
    over-allotments, if any. The over-allotment option was not used
    and expired on January&#160;3, 2008.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    The Company has sold to the underwriters in the Offering for
    $100, as additional compensation, an option to purchase up to a
    total of 500,000 Units for $10.00 per Unit. The Units issuable
    upon exercise of this option are identical to those offered in
    the Offering; however the Warrants will entitle the holder to
    purchase from the Company one share of common stock at an
    exercise price of $7.00 per share. The purchase option and its
    underlying securities have been registered under the
    registration statement which was effective on November&#160;19,
    2007.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    The sale of this option has been accounted for as an equity
    transaction. Accordingly, there was no net effect on the
    Company&#146;s financial position or results of operations,
    except for the recording of the $100 proceeds from the sale. The
    Company has determined, based upon a Black-Scholes model, that
    the most recent fair market value of the option is approximately
    $2.54&#160;million, using an expected life of five years from
    the Initial Public Offering date, volatility of 92.4% and a
    risk-free interest rate of 0.19%. Because the units do not have
    a trading history, the volatility factor is based on information
    currently available to management. The volatility factor of
    92.4% is the average volatility of seven sample blank check
    companies that have completed a business combination and have at
    least two years of trading history. The Company&#146;s
    management believes that this volatility is a reasonable
    benchmark, given the uncertainty of the industry of the target
    business, to use in estimating the expected volatility for its
    common stock.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    The purchase option may be exercised for cash or on a
    &#147;cashless&#148; basis, at the holder&#146;s option, such
    that the holder may use the appreciated value of the purchase
    option (the difference between the exercise prices of the
    purchase option and the underlying Warrants and the market price
    of the Units and underlying securities) to exercise the purchase
    option without the payment of any cash. The Company will have no
    obligation to net cash settle the exercise of the purchase
    option or the Warrants underlying the purchase option. The
    holder of the purchase option will not be entitled to exercise
    the purchase option or the Warrants underlying the purchase
    option unless a registration statement covering the securities
    underlying the purchase option is effective or an exemption from
    a registration is available. If the holder is unable to exercise
    the purchase option or the underlying Warrants, the purchase
    option or Warrants, as applicable, will expire worthless.
</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

<TR>
    <TD width="8%"></TD>
    <TD width="92%"></TD>
</TR>

<TR valign="top">
    <TD>
    <B><FONT style="font-family: 'Times New Roman', Times">Note&#160;9&#160;&#151;
    </FONT></B>
</TD>
    <TD>
    <B><FONT style="font-family: 'Times New Roman', Times">Going
    concern issues arising from the requirements of our certificate
    of incorporation</FONT></B>
</TD>
</TR>

</TABLE>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    The ability of the Company to continue as a going concern is
    dependent upon its ability to successfully complete a business
    combination by November&#160;19, 2009. The accompanying
    financial statements do not include any adjustments that might
    be necessary if the Company is unable to continue as a going
    concern and is required to liquidate.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Our Amended and Restated Certificate of Incorporation provides
    that the Company will continue in existence only until
    November&#160;19, 2009. If the Company has not completed a
    business combination by such date, its corporate existence will
    cease except for the purposes of winding up our affairs and
    liquidating, pursuant to Section&#160;278 of the Delaware
    General Corporation Law. This has the same effect as if its
    Board of Directors and Stockholders had formally voted to
    approve its dissolution pursuant to Section&#160;275 of the
    Delaware General Corporation Law. The Company views the
    provision terminating its corporate life by
</DIV>

<P align="center" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <BR>
    F-17
</DIV><!-- END PAGE WIDTH -->
<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>

<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->

<DIV style="margin-top: 18pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">IDEATION
    ACQUISITION CORP.<BR>
    (a corporation in the development stage)<BR>
    <BR>
    NOTES&#160;TO FINANCIAL
    STATEMENTS&#160;&#151;&#160;(Continued)</FONT></B>
</DIV>
<DIV style="margin-top: 18pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    November&#160;19, 2009 as an obligation to its stockholders.
    This provision will be amended only in connection with, and upon
    consummation of, its initial business combination by such date.
</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

<TR>
    <TD width="9%"></TD>
    <TD width="91%"></TD>
</TR>

<TR valign="top">
    <TD>
    <B><FONT style="font-family: 'Times New Roman', Times">Note&#160;10&#160;&#151;
    </FONT></B>
</TD>
    <TD>
    <B><FONT style="font-family: 'Times New Roman', Times">Preferred
    stock</FONT></B>
</TD>
</TR>

</TABLE>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    The Company is authorized to issue 1,000,000&#160;shares of
    preferred stock with such designations, voting and other rights
    and preferences as may be determined from time to time by the
    Board of Directors. There were no preferred shares issued as of
    December&#160;31, 2008.
</DIV>

<P align="center" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <BR>
    F-18
</DIV><!-- END PAGE WIDTH -->
<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>

<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->

<DIV align="center" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">IDEATION
    ACQUISITION CORP.<BR>
    (a corporation in the development stage)</FONT></B>
</DIV>
<A name='407'>
<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">Condensed
    Consolidated Balance Sheets</FONT></B>
</DIV>
</A>
<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<TABLE border="0" width="100%" align="center" cellpadding="0" cellspacing="0" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
<!-- Table Width Row BEGIN -->
<TR style="font-size: 1pt" valign="bottom">
    <TD width="76%">&nbsp;</TD>	<!-- colindex=01 type=maindata -->
    <TD width="2%">&nbsp;</TD>	<!-- colindex=02 type=gutter -->
    <TD width="1%" align="right">&nbsp;</TD>	<!-- colindex=02 type=lead -->
    <TD width="8%" align="right">&nbsp;</TD>	<!-- colindex=02 type=body -->
    <TD width="1%" align="left">&nbsp;</TD>	<!-- colindex=02 type=hang1 -->
    <TD width="2%">&nbsp;</TD>	<!-- colindex=03 type=gutter -->
    <TD width="1%" align="right">&nbsp;</TD>	<!-- colindex=03 type=lead -->
    <TD width="8%" align="right">&nbsp;</TD>	<!-- colindex=03 type=body -->
    <TD width="1%" align="left">&nbsp;</TD>	<!-- colindex=03 type=hang1 -->
</TR>
<!-- Table Width Row END -->
<TR style="font-size: 8pt" valign="bottom" align="center">
<TD nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>June&#160;30,<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>December&#160;31,<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom" align="center">
<TD nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    <B>2009</B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    <B>2008</B>
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom" align="center">
<TD nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>(Unaudited)</B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR style="line-height: 3pt; font-size: 1pt">
<TD>&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD colspan="9" align="center" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    <B>Assets</B>
</DIV>
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Current assets:
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 20pt">
    Cash and cash equivalents
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    96,489
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    308,874
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 20pt">
    Interest receivable
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    1,208
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 20pt">
    Income taxes receivable
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    19,805
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    124,191
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 20pt">
    Franchise taxes receivable
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    121,000
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    121,000
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 20pt">
    Other current assets
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    53,309
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    41,699
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="font-size: 1pt">
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 30pt">
    Total current assets
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    290,603
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    596,972
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Investments held in Trust&#160;Account&#160;&#151; Restricted
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 20pt">
    U. S. Treasury Securities, at amortized cost
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    75,016,874
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    54,993,327
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 20pt">
    U.S. Treasury Mutual Funds, at fair value
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    3,798,126
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    23,821,673
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Deferred tax asset
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    387,570
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    440,759
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="font-size: 1pt">
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Total assets
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    79,493,173
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    79,852,731
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="font-size: 1pt">
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="line-height: 9pt">
<TD colspan="9">
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD colspan="9" align="center" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    <B>Liabilities and Stockholders&#146; Equity</B>
</DIV>
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Current liabilities, accrued expenses
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    1,537,296
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    507,626
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Long-term liability&#160;&#151; deferred underwriters&#146; fee
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    2,730,000
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    2,730,000
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Common stock subject to possible redemption
    (2,999,999&#160;shares at June&#160;30, 2009 and
    December&#160;31, 2008, respectively, at redemption value of
    $7.88 per share)
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    23,639,992
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    23,639,992
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Commitments and contingencies
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Stockholders&#146; Equity:
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Preferred Stock, $0.0001&#160;par value, 1,000,000&#160;shares
    authorized; none issued
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Common Stock, $0.0001&#160;par value, 50,000,000&#160;shares
    authorized, 12,500,000&#160;shares issued and outstanding
    including 2,999,999&#160;shares subject to possible redemption,
    at June&#160;30, 2009 and December&#160;31, 2008, respectively
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    1,250
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    1,250
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Additional paid-in capital
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    52,595,237
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    52,595,237
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Retained earnings (deficit, accumulated during the development
    stage)
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    (1,010,602
</TD>
<TD nowrap align="left" valign="bottom">
    )
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    378,626
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="font-size: 1pt">
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Total stockholders&#146; equity
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    51,585,885
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    52,975,113
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="font-size: 1pt">
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Total liabilities and stockholders&#146; equity
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    79,493,173
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    79,852,731
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="font-size: 1pt">
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
</TABLE>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">

</DIV>

<DIV style="margin-top: 3pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    See accompanying notes to condensed consolidated interim
    financial statements
</DIV>

<P align="center" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <BR>
    F-19
</DIV><!-- END PAGE WIDTH -->
<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>

<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->

<DIV align="center" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">IDEATION
    ACQUISITION CORP.<BR>
    (a corporation in the development stage)</FONT></B>
</DIV>
<A name='408'>
<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">Condensed
    Consolidated Statements of Operations</FONT></B>
</DIV>
</A>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<TABLE border="0" width="100%" align="center" cellpadding="0" cellspacing="0" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
<!-- Table Width Row BEGIN -->
<TR style="font-size: 1pt" valign="bottom">
    <TD width="29%">&nbsp;</TD>	<!-- colindex=01 type=maindata -->
    <TD width="2%">&nbsp;</TD>	<!-- colindex=02 type=gutter -->
    <TD width="1%" align="right">&nbsp;</TD>	<!-- colindex=02 type=lead -->
    <TD width="9%" align="right">&nbsp;</TD>	<!-- colindex=02 type=body -->
    <TD width="1%" align="left">&nbsp;</TD>	<!-- colindex=02 type=hang1 -->
    <TD width="2%">&nbsp;</TD>	<!-- colindex=03 type=gutter -->
    <TD width="1%" align="right">&nbsp;</TD>	<!-- colindex=03 type=lead -->
    <TD width="9%" align="right">&nbsp;</TD>	<!-- colindex=03 type=body -->
    <TD width="1%" align="left">&nbsp;</TD>	<!-- colindex=03 type=hang1 -->
    <TD width="2%">&nbsp;</TD>	<!-- colindex=04 type=gutter -->
    <TD width="1%" align="right">&nbsp;</TD>	<!-- colindex=04 type=lead -->
    <TD width="9%" align="right">&nbsp;</TD>	<!-- colindex=04 type=body -->
    <TD width="1%" align="left">&nbsp;</TD>	<!-- colindex=04 type=hang1 -->
    <TD width="2%">&nbsp;</TD>	<!-- colindex=05 type=gutter -->
    <TD width="1%" align="right">&nbsp;</TD>	<!-- colindex=05 type=lead -->
    <TD width="9%" align="right">&nbsp;</TD>	<!-- colindex=05 type=body -->
    <TD width="1%" align="left">&nbsp;</TD>	<!-- colindex=05 type=hang1 -->
    <TD width="2%">&nbsp;</TD>	<!-- colindex=06 type=gutter -->
    <TD width="1%" align="right">&nbsp;</TD>	<!-- colindex=06 type=lead -->
    <TD width="15%" align="right">&nbsp;</TD>	<!-- colindex=06 type=body -->
    <TD width="1%" align="left">&nbsp;</TD>	<!-- colindex=06 type=hang1 -->
</TR>
<!-- Table Width Row END -->
<TR style="font-size: 8pt" valign="bottom" align="center">
<TD nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>For The Three<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>For The Three<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>For The Six<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>For The Six<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>For The Period June&#160;1,<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom" align="center">
<TD nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>Months Ended<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>Months Ended<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>Months Ended<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>Months Ended<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>2007 (Inception) to<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom" align="center">
<TD nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>June&#160;30,<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>June&#160;30,<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>June&#160;30,<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>June&#160;30,<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>June&#160;30,<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom" align="center">
<TD nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    <B>2009</B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    <B>2008</B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    <B>2009</B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    <B>2008</B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    <B>2009</B>
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom" align="center">
<TD nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="18" align="center" valign="bottom">
    <B>(Unaudited)</B>
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR style="line-height: 3pt; font-size: 1pt">
<TD>&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Revenue
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Formation and operating costs
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    474,295
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    114,306
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    1,381,860
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    286,079
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    2,764,547
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="font-size: 1pt">
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Loss from operations
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    (474,295
</TD>
<TD nowrap align="left" valign="bottom">
    )
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    (114,306
</TD>
<TD nowrap align="left" valign="bottom">
    )
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    (1,381,860
</TD>
<TD nowrap align="left" valign="bottom">
    )
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    (286,079
</TD>
<TD nowrap align="left" valign="bottom">
    )
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    (2,764,547
</TD>
<TD nowrap align="left" valign="bottom">
    )
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Interest income
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    19,052
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    438,450
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    30,207
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    1,124,459
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    1,986,571
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="font-size: 1pt">
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    (Loss) income before (benefit) provision for income taxes
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    (455,243
</TD>
<TD nowrap align="left" valign="bottom">
    )
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    324,144
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    (1,351,653
</TD>
<TD nowrap align="left" valign="bottom">
    )
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    838,380
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    (777,976
</TD>
<TD nowrap align="left" valign="bottom">
    )
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Provision (benefit) for income taxes
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 20pt">
    Current
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    (4,606
</TD>
<TD nowrap align="left" valign="bottom">
    )
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    174,654
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    (15,614
</TD>
<TD nowrap align="left" valign="bottom">
    )
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    469,188
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    620,196
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 20pt">
    Deferred
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    (49,371
</TD>
<TD nowrap align="left" valign="bottom">
    )
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    (45,533
</TD>
<TD nowrap align="left" valign="bottom">
    )
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    53,189
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    (135,224
</TD>
<TD nowrap align="left" valign="bottom">
    )
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    (387,570
</TD>
<TD nowrap align="left" valign="bottom">
    )
</TD>
</TR>
<TR valign="bottom" style="font-size: 1pt">
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Total provision (benefit) for income taxes
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    (53,977
</TD>
<TD nowrap align="left" valign="bottom">
    )
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    129,121
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    37,575
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    333,964
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    232,626
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Net income (loss)
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    (401,266
</TD>
<TD nowrap align="left" valign="bottom">
    )
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    195,023
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    (1,389,228
</TD>
<TD nowrap align="left" valign="bottom">
    )
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    504,416
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    (1,010,602
</TD>
<TD nowrap align="left" valign="bottom">
    )
</TD>
</TR>
<TR valign="bottom" style="font-size: 1pt">
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Maximum number of share subject to possible redemption:
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 20pt">
    Weighted average number of shares, basic and diluted
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    2,999,999
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    2,999,999
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    2,999,999
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    2,999,999
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    2,319,628
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 20pt">
    Earnings (loss) per share amount, basic and diluted
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    (0
</TD>
<TD nowrap align="left" valign="bottom">
    )
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    0
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    (0
</TD>
<TD nowrap align="left" valign="bottom">
    )
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    0
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    (0
</TD>
<TD nowrap align="left" valign="bottom">
    )
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Weighted average number of common share outstanding (not subject
    to possible redemption):
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 20pt">
    Basic
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    9,500,001
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    9,500,001
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    9,500,001
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    9,500,001
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    7,862,681
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 20pt">
    Diluted
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    9,500,001
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    11,623,758
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    9,500,001
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    11,559,844
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    7,862,681
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Earnings (loss) per share amount:
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 20pt">
    Basic
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    (0.04
</TD>
<TD nowrap align="left" valign="bottom">
    )
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    0.02
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    (0.15
</TD>
<TD nowrap align="left" valign="bottom">
    )
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    0.05
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    (0.13
</TD>
<TD nowrap align="left" valign="bottom">
    )
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 20pt">
    Diluted
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    (0.04
</TD>
<TD nowrap align="left" valign="bottom">
    )
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    0.02
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    (0.15
</TD>
<TD nowrap align="left" valign="bottom">
    )
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    0.04
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    (0.13
</TD>
<TD nowrap align="left" valign="bottom">
    )
</TD>
</TR>
</TABLE>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">

</DIV>

<DIV style="margin-top: 3pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    See accompanying notes to condensed consolidated interim
    financial statements
</DIV>

<P align="center" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <BR>
    F-20
</DIV><!-- END PAGE WIDTH -->
<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>

<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->

<DIV align="center" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">IDEATION
    ACQUISITION CORP.<BR>
    (a corporation in the development stage)</FONT></B>
</DIV>
<A name='409'>
<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">Condensed
    Consolidated Statements of Stockholders&#146; Equity<BR>
    For the Period June&#160;1, 2007 (Inception) to June&#160;30,
    2009</FONT></B>
</DIV>
</A>
<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<TABLE border="0" width="100%" align="center" cellpadding="0" cellspacing="0" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
<!-- Table Width Row BEGIN -->
<TR style="font-size: 1pt" valign="bottom">
    <TD width="42%">&nbsp;</TD>	<!-- colindex=01 type=maindata -->
    <TD width="2%">&nbsp;</TD>	<!-- colindex=02 type=gutter -->
    <TD width="1%" align="right">&nbsp;</TD>	<!-- colindex=02 type=lead -->
    <TD width="9%" align="right">&nbsp;</TD>	<!-- colindex=02 type=body -->
    <TD width="1%" align="left">&nbsp;</TD>	<!-- colindex=02 type=hang1 -->
    <TD width="2%">&nbsp;</TD>	<!-- colindex=03 type=gutter -->
    <TD width="1%" align="right">&nbsp;</TD>	<!-- colindex=03 type=lead -->
    <TD width="3%" align="right">&nbsp;</TD>	<!-- colindex=03 type=body -->
    <TD width="1%" align="left">&nbsp;</TD>	<!-- colindex=03 type=hang1 -->
    <TD width="2%">&nbsp;</TD>	<!-- colindex=04 type=gutter -->
    <TD width="1%" align="right">&nbsp;</TD>	<!-- colindex=04 type=lead -->
    <TD width="9%" align="right">&nbsp;</TD>	<!-- colindex=04 type=body -->
    <TD width="1%" align="left">&nbsp;</TD>	<!-- colindex=04 type=hang1 -->
    <TD width="2%">&nbsp;</TD>	<!-- colindex=05 type=gutter -->
    <TD width="1%" align="right">&nbsp;</TD>	<!-- colindex=05 type=lead -->
    <TD width="8%" align="right">&nbsp;</TD>	<!-- colindex=05 type=body -->
    <TD width="1%" align="left">&nbsp;</TD>	<!-- colindex=05 type=hang1 -->
    <TD width="2%">&nbsp;</TD>	<!-- colindex=06 type=gutter -->
    <TD width="1%" align="right">&nbsp;</TD>	<!-- colindex=06 type=lead -->
    <TD width="9%" align="right">&nbsp;</TD>	<!-- colindex=06 type=body -->
    <TD width="1%" align="left">&nbsp;</TD>	<!-- colindex=06 type=hang1 -->
</TR>
<!-- Table Width Row END -->
<TR style="font-size: 8pt" valign="bottom" align="center">
<TD nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>Retained<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom" align="center">
<TD nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>Earnings<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom" align="center">
<TD nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>(Deficit-<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom" align="center">
<TD nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>Accumulated<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom" align="center">
<TD nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>Additional<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>During the<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>Total<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom" align="center">
<TD nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="6" align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    <B>Common Stock</B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>Paid-in<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>Development<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>Stockholders&#146;<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom" align="center">
<TD nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    <B>Shares</B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    <B>Amount</B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    <B>Capital</B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    <B>Stage)</B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    <B>Equity</B>
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR style="line-height: 3pt; font-size: 1pt">
<TD>&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Common shares issued to founders on June&#160;1, 2007 at $.01
    per share
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    2,500,000
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    250
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    24,750
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    25,000
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Sale of 2,400,000 warrants at $1 per warrant to initial
    stockholders
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    2,400,000
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    2,400,000
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Sale of 10,000,000&#160;units through public offering, net of
    underwriter&#146;s discount and offering expenses, at $8 per
    unit (including 2,999,999&#160;shares subject to possible
    redemption)
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    10,000,000
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    1,000
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    73,810,479
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    73,811,479
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Proceeds subject to possible redemption, 2,999,999&#160;shares
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    (23,639,992
</TD>
<TD nowrap align="left" valign="bottom">
    )
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    (23,639,992
</TD>
<TD nowrap align="left" valign="bottom">
    )
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Net income for the period
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    144,120
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    144,120
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="font-size: 1pt">
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Balances at December&#160;31, 2007
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    12,500,000
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    1,250
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    52,595,237
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    144,120
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    52,740,607
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="font-size: 1pt">
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Net income for the period
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    234,506
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    234,506
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Balances at December&#160;31, 2008
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    12,500,000
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    1,250
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    52,595,237
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    378,626
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    52,975,113
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="font-size: 1pt">
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Net loss for the period (unaudited)
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    (1,389,228
</TD>
<TD nowrap align="left" valign="bottom">
    )
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    (1,389,228
</TD>
<TD nowrap align="left" valign="bottom">
    )
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Balances at June&#160;30, 2009 (unaudited)
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    12,500,000
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    1,250
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    52,595,237
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    (1,010,602
</TD>
<TD nowrap align="left" valign="bottom">
    )
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    51,585,885
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="font-size: 1pt">
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
</TABLE>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">

</DIV>

<DIV style="margin-top: 3pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    See accompanying notes to condensed consolidated interim
    financial statements
</DIV>

<P align="center" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <BR>
    F-21
</DIV><!-- END PAGE WIDTH -->
<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>

<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->

<DIV align="center" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">IDEATION
    ACQUISITION CORP.<BR>
    (a corporation in the development stage)</FONT></B>
</DIV>
<A name='410'>
<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">Condensed
    Consolidated Statements of Cash Flows</FONT></B>
</DIV>
</A>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<TABLE border="0" width="100%" align="center" cellpadding="0" cellspacing="0" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
<!-- Table Width Row BEGIN -->
<TR style="font-size: 1pt" valign="bottom">
    <TD width="53%">&nbsp;</TD>	<!-- colindex=01 type=maindata -->
    <TD width="2%">&nbsp;</TD>	<!-- colindex=02 type=gutter -->
    <TD width="1%" align="right">&nbsp;</TD>	<!-- colindex=02 type=lead -->
    <TD width="9%" align="right">&nbsp;</TD>	<!-- colindex=02 type=body -->
    <TD width="1%" align="left">&nbsp;</TD>	<!-- colindex=02 type=hang1 -->
    <TD width="3%">&nbsp;</TD>	<!-- colindex=03 type=gutter -->
    <TD width="1%" align="right">&nbsp;</TD>	<!-- colindex=03 type=lead -->
    <TD width="9%" align="right">&nbsp;</TD>	<!-- colindex=03 type=body -->
    <TD width="1%" align="left">&nbsp;</TD>	<!-- colindex=03 type=hang1 -->
    <TD width="3%">&nbsp;</TD>	<!-- colindex=04 type=gutter -->
    <TD width="1%" align="right">&nbsp;</TD>	<!-- colindex=04 type=lead -->
    <TD width="15%" align="right">&nbsp;</TD>	<!-- colindex=04 type=body -->
    <TD width="1%" align="left">&nbsp;</TD>	<!-- colindex=04 type=hang1 -->
</TR>
<!-- Table Width Row END -->
<TR style="font-size: 8pt" valign="bottom" align="center">
<TD nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>For The Six<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>For The Six<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>For The Period June&#160;1,<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom" align="center">
<TD nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>Months Ended<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>Months Ended<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>2007 (Inception) to<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom" align="center">
<TD nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>June&#160;30,<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>June&#160;30,<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>June&#160;30,<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom" align="center">
<TD nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    <B>2009</B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    <B>2008</B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    <B>2009</B>
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom" align="center">
<TD nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="10" align="center" valign="bottom">
    <B>(Unaudited)</B>
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR style="line-height: 3pt; font-size: 1pt">
<TD>&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Cash flows from operating activities:
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 20pt">
    Net income (loss)
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    (1,389,228
</TD>
<TD nowrap align="left" valign="bottom">
    )
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    504,416
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    (1,010,602
</TD>
<TD nowrap align="left" valign="bottom">
    )
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 20pt">
    Adjustments to reconcile net income (loss) to net cash provided
    by (used in) operating activities:
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 30pt">
    Deferred income tax (benefit)
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    53,189
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    (135,224
</TD>
<TD nowrap align="left" valign="bottom">
    )
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    (387,570
</TD>
<TD nowrap align="left" valign="bottom">
    )
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 30pt">
    Change in operating assets and liabilities:
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 30pt">
    Interest receivable
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    155,560
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 30pt">
    Income taxes receivable
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    104,386
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    (92,690
</TD>
<TD nowrap align="left" valign="bottom">
    )
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    (19,805
</TD>
<TD nowrap align="left" valign="bottom">
    )
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 30pt">
    Franchise taxes receivable
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    (30,702
</TD>
<TD nowrap align="left" valign="bottom">
    )
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    (121,000
</TD>
<TD nowrap align="left" valign="bottom">
    )
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 30pt">
    Other current assets
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    (11,610
</TD>
<TD nowrap align="left" valign="bottom">
    )
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    (12,384
</TD>
<TD nowrap align="left" valign="bottom">
    )
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    (53,309
</TD>
<TD nowrap align="left" valign="bottom">
    )
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 30pt">
    Accrued expenses
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    1,029,670
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    24,036
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    1,537,296
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 30pt">
    Income taxes payable
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    (74,244
</TD>
<TD nowrap align="left" valign="bottom">
    )
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 30pt">
    Franchise taxes payable
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    (68,666
</TD>
<TD nowrap align="left" valign="bottom">
    )
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="font-size: 1pt">
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 30pt">
    Net cash provided by (used in) operating activities
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    (212,385
</TD>
<TD nowrap align="left" valign="bottom">
    )
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    270,102
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    (54,990
</TD>
<TD nowrap align="left" valign="bottom">
    )
</TD>
</TR>
<TR valign="bottom" style="font-size: 1pt">
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 20pt">
    Cash used in investing activities:
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 30pt">
    Investments in Trust&#160;Account&#160;&#151; Restricted
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    (78,815,000
</TD>
<TD nowrap align="left" valign="bottom">
    )
</TD>
</TR>
<TR valign="bottom" style="font-size: 1pt">
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Cash flows from financing activities:
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 20pt">
    Proceeds from notes payable to stockholders
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    200,000
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 20pt">
    Proceeds from common shares issued to founders
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    25,000
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 20pt">
    Proceeds from public offering
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    80,000,000
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 20pt">
    Proceeds from issuance of insider warrants
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    2,400,000
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 20pt">
    Repayment of notes payable to stockholders
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    (200,000
</TD>
<TD nowrap align="left" valign="bottom">
    )
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 20pt">
    Payment of underwriters&#146; discount and offering costs
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    (3,458,521
</TD>
<TD nowrap align="left" valign="bottom">
    )
</TD>
</TR>
<TR valign="bottom" style="font-size: 1pt">
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 30pt">
    Net cash provided by financing
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    78,966,479
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="font-size: 1pt">
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Net (decrease) increase in cash and cash equivalents
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    (212,385
</TD>
<TD nowrap align="left" valign="bottom">
    )
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    270,102
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    96,489
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Cash and cash equivalents, beginning of period
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    308,874
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    124,139
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="font-size: 1pt">
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Cash and cash equivalents, end of period
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    96,489
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    394,241
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    96,489
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="font-size: 1pt">
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Supplemental disclosure of cash flow information:
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 20pt">
    Cash paid for income and franchise taxes
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    76,133
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    685,000
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    1,078,470
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 20pt">
    Cash refund received for income taxes
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    (120,000
</TD>
<TD nowrap align="left" valign="bottom">
    )
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    (155,000
</TD>
<TD nowrap align="left" valign="bottom">
    )
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Supplemental schedule of non-cash financing activities:
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 20pt">
    Deferred offering costs
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    2,730,000
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
</TABLE>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">

</DIV>

<DIV style="margin-top: 3pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    See accompanying notes to condensed consolidated interim
    financial statements
</DIV>

<P align="center" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <BR>
    F-22
</DIV><!-- END PAGE WIDTH -->
<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>

<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->

<DIV align="center" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">IDEATION
    ACQUISITION CORP.<BR>
    (a corporation in the development stage)</FONT></B>
</DIV>
<A name='411'>
<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">NOTES TO
    CONDENSED CONSOLIDATED INTERIM FINANCIAL STATEMENTS<BR>
    (unaudited)</FONT></B>
</DIV>
</A>
<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

<TR>
    <TD width="8%"></TD>
    <TD width="92%"></TD>
</TR>

<TR valign="top">
    <TD>
    <B><FONT style="font-family: 'Times New Roman', Times">Note&#160;1&#160;&#151;
    </FONT></B>
</TD>
    <TD>
    <B><FONT style="font-family: 'Times New Roman', Times">Organization
    and Nature of Business Operations</FONT></B>
</TD>
</TR>

</TABLE>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Ideation Acquisition Corp. (a corporation in the development
    stage) (the &#147;Company&#148;) was incorporated in Delaware on
    June&#160;1, 2007. The Company was formed to acquire through a
    merger, stock exchange, asset acquisition or similar business
    combination with an unidentified business or businesses. The
    Company is considered to be in the development stage as defined
    in Statement of Financial Accounting Standards (SFAS)
    No.&#160;7, &#147;Accounting and Reporting By Development Stage
    Enterprises,&#148; and is subject to the risks associated with
    activities of development stage companies. All activity from the
    period June&#160;1, 2007 (Inception) through June&#160;30, 2009
    relates to the Company&#146;s formation, capital raising, and
    its initial public offering as described below. On
    March&#160;25, 2009, the Company incorporated a wholly owned
    subsidiary, ID Arizona Corp. (&#147;ID Arizona&#148;) for the
    purpose of accomplishing the merger described herein
    (Note&#160;10).
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    The registration statement for the Company&#146;s initial public
    offering (&#147;Offering&#148;) was declared effective on
    November&#160;19, 2007. The Company consummated the Offering on
    November&#160;26, 2007. The Company&#146;s management has broad
    discretion with respect to the specific application of the net
    proceeds of the Offering of Units although substantially all of
    the net proceeds of the Offering are intended to be generally
    applied toward consummating a business combination with (or
    acquisition of) a Target Business (&#147;Business
    Combination&#148;). As used herein, &#147;Target Business&#148;
    shall mean one or more businesses that at the time of the
    Company&#146;s initial Business Combination has a fair market
    value of at least 80% of the Company&#146;s net assets (all of
    the Company&#146;s assets, including the funds then held in the
    Trust&#160;Account (as defined below), less the Company&#146;s
    liabilities (excluding deferred underwriting discounts and
    commissions of approximately $2.73&#160;million). Furthermore,
    there is no assurance that the Company will be able to
    successfully affect a Business Combination.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Upon closing of the Offering, $78,815,000 was placed in a trust
    account maintained at Continental Stock Transfer&#160;&#038;
    Trust&#160;Co. (the &#147;Trust&#160;Account&#148;) and invested
    in United States &#147;government securities&#148; within the
    meaning of Section&#160;2(a)(16) of the Investment Company Act
    of 1940, as amended (&#147;Investment Company Act&#148;), having
    a maturity of 180&#160;days or less, or in money market funds
    selected by the Company meeting certain conditions under
    <FONT style="white-space: nowrap">Rule&#160;2a-7</FONT>
    promulgated under the Investment Company Act, until the earlier
    of (i)&#160;the consummation of the Company&#146;s first
    Business Combination or (ii)&#160;the liquidation of the
    Company. The amounts placed in the Trust&#160;Account consists
    of the proceeds of our IPO (see Note&#160;3)&#160;and the
    issuance of Insider Warrants (see Note&#160;4)&#160;and
    $2.73&#160;million of the gross proceeds representing deferred
    underwriting discounts and commissions that will be released to
    the underwriters on completion of a Business Combination. The
    remaining proceeds outside of the Trust&#160;Account, along with
    the interest income of up to $1.7&#160;million earned on the
    Trust&#160;Account that may be released to the Company, may be
    used to pay for business, legal and accounting due diligence on
    prospective acquisitions and continuing general and
    administrative expenses.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    The Company will seek stockholder approval before it will affect
    any Business Combination, even if the Business Combination would
    not ordinarily require stockholder approval under applicable
    state law. In connection with the stockholder vote required to
    approve any Business Combination, all of the Company&#146;s
    stockholders before the initial public offering (&#147;Initial
    Stockholders&#148;) have agreed to vote the shares of common
    stock owned by them immediately before the Company&#146;s IPO in
    accordance with the majority of the shares of common stock voted
    by the Public Stockholders. &#147;Public Stockholders&#148; is
    defined as the holders of common stock sold as part of the Units
    in the Offering or in the aftermarket. The Company will proceed
    with a Business Combination only if a majority of the shares of
    common stock voted by the Public Stockholders are voted in favor
    of the Business Combination and Public Stockholders owning less
    than 30% of the shares sold in the Public Offering both vote
    against the Business Combination and exercise their conversion
    rights. If a majority of the shares of common stock voted by the
    Public Stockholders are not voted in favor of a
</DIV>

<P align="center" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <BR>
    F-23
</DIV><!-- END PAGE WIDTH -->
<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>

<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->

<DIV style="margin-top: 18pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">IDEATION
    ACQUISITION CORP.<BR>
    (a corporation in the development stage)<BR>
    <BR>
    NOTES TO CONDENSED CONSOLIDATED INTERIM FINANCIAL
    STATEMENTS&#160;&#151;&#160;(Continued)<BR>
    (unaudited)</FONT></B>
</DIV>
<DIV style="margin-top: 18pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    proposed initial Business Combination, but 24&#160;months has
    not yet passed since closing of the Offering, the Company may
    combine with another Target Business meeting the fair market
    value criterion described above.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    If the Business Combination is approved, Public Stockholders
    voting either for or against a Business Combination will be
    entitled to convert their stock into a pro rata share of the
    total amount on deposit in the Trust&#160;Account, before
    payment of underwriting discounts and commissions and including
    any interest earned on their portion of the Trust&#160;Account
    net of income taxes payable thereon, and net of any interest
    income of up to $1.7&#160;million on the balance of the
    Trust&#160;Account previously released to the Company, if a
    Business Combination is approved and completed.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    The Company&#146;s Certificate of Incorporation was amended
    prior to the closing of the Offering to provide that the Company
    will continue in existence only until 24&#160;months from the
    effective date. If the Company has not completed a Business
    Combination by such date, its corporate existence will cease
    except for the purposes of winding up its affairs and it will
    liquidate. In the event of liquidation, it is likely that the
    per share value of the residual assets remaining available for
    distribution (including Trust&#160;Account assets) will be less
    than the initial public offering price per share in the Offering
    (assuming no value is attributed to the Warrants contained in
    the Units to be offered in the Offering discussed in
    Note&#160;3).
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    The Company will not generate any operating revenues until after
    the completion of its initial Business Combination, at the
    earliest. The Company will generate non-operating income in the
    form of interest income on cash and cash equivalents. The
    Trust&#160;Account assets are invested in United States
    &#147;government debt securities&#148; defined as any Treasury
    Bill or equivalent securities or money market funds meeting the
    conditions specified in
    <FONT style="white-space: nowrap">Rule&#160;2a-7</FONT>
    under the Investment Company of 1940. As of June&#160;30, 2009,
    the Trust&#160;Account assets include $75,020,000 face value US
    Treasury T-Bills purchased on June&#160;18, 2009 and maturing on
    July&#160;16, 2009 (CUSIP 912795N23). The balance of the Trust
    are held in JP Morgan 100% US Treasury Money Market Fund. As of
    June&#160;30, 2009, the Company has earned approximately
    $1,987,000 of interest income on the trust from inception
    including approximately $19,000 earned during the quarter.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    The accompanying unaudited condensed consolidated interim
    financial statements of the Company as of June&#160;30, 2009 and
    December&#160;31, 2008 and for the three month periods ended
    June&#160;30, 2009 and 2008, for the six month periods ended
    June&#160;30, 2009 and 2008 and for the period from inception
    (June&#160;1, 2007)&#160;to June&#160;30, 2009, reflect all
    adjustments of a normal and recurring nature to present fairly
    the financial position, results of operations and cash flows for
    the interim period. These unaudited condensed consolidated
    interim financial statements have been prepared by the Company
    pursuant to the instructions to
    <FONT style="white-space: nowrap">Form&#160;10-Q</FONT>
    and Article&#160;10 of
    <FONT style="white-space: nowrap">Regulation&#160;S-X.</FONT>
    Pursuant to such instructions, certain financial information and
    footnote disclosures normally included in such financial
    statements have been condensed or omitted.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    These unaudited condensed consolidated financial statements
    should be read in conjunction with the audited consolidated
    financial statements of the Company and notes thereto, together
    with management&#146;s discussion and analysis or plan of
    operations, contained in the Company&#146;s annual report on
    <FONT style="white-space: nowrap">Form&#160;10-K</FONT>
    for the year ended December&#160;31, 2008. The results of
    operations for the three and six months ended June&#160;30, 2009
    are not necessarily indicative of the results that may occur for
    the year ended December&#160;31, 2009.
</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

<TR>
    <TD width="8%"></TD>
    <TD width="92%"></TD>
</TR>

<TR valign="top">
    <TD>
    <B><FONT style="font-family: 'Times New Roman', Times">Note&#160;2&#160;&#151;
    </FONT></B>
</TD>
    <TD>
    <B><FONT style="font-family: 'Times New Roman', Times">Summary
    of Significant Accounting Policies</FONT></B>
</TD>
</TR>

</TABLE>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 2%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><I><FONT style="font-family: 'Times New Roman', Times">Basis
    of Presentation and Consolidation</FONT></I></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    The condensed consolidated financial statements for the three
    and six months ended June&#160;30, 2009 reflect the operations
    of Ideation Acquisition Corporation and its wholly owned
    subsidiary, ID Arizona Corp., incorporated on March&#160;25,
    2009. Prior period&#146;s financial statements reflect the
    operations solely of the Company. These financial statements are
    presented in conformity with accounting principles generally
</DIV>

<P align="center" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <BR>
    F-24
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<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->

<DIV style="margin-top: 18pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">IDEATION
    ACQUISITION CORP.<BR>
    (a corporation in the development stage)<BR>
    <BR>
    NOTES TO CONDENSED CONSOLIDATED INTERIM FINANCIAL
    STATEMENTS&#160;&#151;&#160;(Continued)<BR>
    (unaudited)</FONT></B>
</DIV>
<DIV style="margin-top: 18pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    accepted in the United States of America (U.S.&#160;GAAP) and
    the rules and regulations of the U.S.&#160;Securities and
    Exchange Commission (SEC).
</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 2%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><I><FONT style="font-family: 'Times New Roman', Times">Concentration
    of Credit Risk</FONT></I></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Financial instruments that potentially subject the Company to a
    significant concentration of credit risk consist primarily of
    cash. The Company maintains deposits in federally insured
    financial institutions within federal insurance limits.
    Management believes the Company is not exposed to significant
    credit risk due to the financial position of the depository
    institutions in which those deposits are held.
</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 2%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><I><FONT style="font-family: 'Times New Roman', Times">Cash
    and cash equivalents</FONT></I></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Cash and cash equivalents are defined as cash and investments
    that have a maturity at date of purchase of three months or less.
</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 2%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><I><FONT style="font-family: 'Times New Roman', Times">Earnings
    (loss) per Common Share</FONT></I></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    The Company complies with Statement of Financial Accounting
    Standards (SFAS) No.&#160;128, &#147;Earnings Per Share,&#148;
    which requires dual presentation of basic and diluted earnings
    per share on the face of the statement of operations. Basic net
    income per share is computed by dividing net income by the
    weighted average common shares outstanding for the period.
    Diluted net income per share reflects the potential dilution
    that could occur if warrants were to be exercised or converted
    or otherwise resulted in the issuance of common stock that then
    shared in the earnings of the entity.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    The Company&#146;s condensed consolidated statements of
    operations includes a presentation of earnings per share for
    common stock subject to possible redemption in a manner similar
    to the two-class method of earnings per share. Basic and diluted
    net income per share amount for the maximum number of shares
    subject to possible redemption is calculated by dividing the net
    interest attributable to common shares subject to possible
    redemption by the weighted average number of shares subject to
    possible redemption. Basic and diluted net income per share
    amount for the shares outstanding not subject to possible
    redemption is calculated by dividing the net income exclusive of
    the net interest income attributable to common shares subject to
    redemption by the weighted average number of shares not subject
    to possible redemption. The weighted average number of
    incremental common shares representing the potential dilution
    attributable to the outstanding warrants to purchase common
    stock on an as &#147;if converted&#148; basis are 2,557,300 for
    the six months ended June&#160;30, 2009, 2,031,376 for the three
    and six months ended June&#160;30, 2008 and 2,217,163 for the
    period June&#160;1, 2007 (Inception) to June&#160;30,&#160;2009.
    For the six months ended June&#160;30, 2009 and for the period
    June&#160;1, 2007 (Inception) to June&#160;30, 2009, the basic
    shares were used due to the anti-dilutive effect of the
    additional shares mentioned above. The Company has paid $0 in
    dividends for the period June&#160;1, 2007 (Inception) to
    June&#160;30, 2009.
</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 2%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><I><FONT style="font-family: 'Times New Roman', Times">Redeemable
    common stock</FONT></I></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    The Company accounts for redeemable common stock in accordance
    with Financial Accounting Standards Board (FASB) Emerging Issue
    Task Force (EITF) D-98 &#147;Classification and Measurement of
    Redeemable Securities&#148;. Securities that are redeemable for
    cash or other assets are classified outside of permanent equity
    if they are redeemable at the option of the holder. In addition,
    if the redemption causes a redemption event, the redeemable
    securities should not be classified outside of permanent equity.
    As discussed in Note&#160;1, the Business Combination will only
    be consummated if a majority of the shares of common stock voted
    by the Public Stockholders are voted in favor of the Business
    Combination and Public Stockholders holding less than 30%
    (2,999,999) of common shares sold in the Offering exercise their
    conversion rights. As
</DIV>

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    <BR>
    F-25
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<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->

<DIV style="margin-top: 18pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">IDEATION
    ACQUISITION CORP.<BR>
    (a corporation in the development stage)<BR>
    <BR>
    NOTES TO CONDENSED CONSOLIDATED INTERIM FINANCIAL
    STATEMENTS&#160;&#151;&#160;(Continued)<BR>
    (unaudited)</FONT></B>
</DIV>
<DIV style="margin-top: 18pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    further discussed in Note&#160;1, if a Business Combination is
    not consummated within 24&#160;months, the Company will
    liquidate. Accordingly, 2,999,999&#160;shares have been
    classified outside of permanent equity at redemption value. The
    Company recognizes changes in the redemption value immediately
    as they occur and adjusts the carrying value of the redeemable
    common stock to equal its redemption value at the end of each
    reporting period.
</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 2%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><I><FONT style="font-family: 'Times New Roman', Times">Newly
    Issued and Adopted Accounting Pronouncements</FONT></I></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    In December 2007, the FASB issued Statement of Financial
    Accounting Standard (SFAS) 141(R), &#147;Business
    Combinations&#148;. SFAS&#160;141(R) provides companies with
    principles and requirements on how an acquirer recognizes and
    measures in its financial statements the identifiable assets
    acquired, liabilities assumed, and any non-controlling interest
    in the acquiree as well as the recognition and measurement of
    goodwill acquired in a business combination. SFAS&#160;141(R)
    also requires certain disclosures to enable users of the
    financial statements to evaluate the nature and financial
    effects of the business combination. Acquisition costs
    associated with the business combination will generally be
    expensed as incurred. SFAS&#160;141(R) is effective for business
    combinations occurring in fiscal years beginning after
    December&#160;15, 2008, which requires the Company to adopt
    these provisions for business combinations occurring in fiscal
    2009 and thereafter. Early adoption of SFAS&#160;141(R) is not
    permitted.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    In December 2007, the FASB issued SFAS&#160;No.&#160;160,
    &#147;Noncontrolling Interests in Consolidated Financial
    Statements&#160;&#151; An Amendment of ARB No.&#160;51&#148;.
    SFAS&#160;No.&#160;160 requires reporting entities to present
    noncontrolling (minority) interests as equity as opposed to as a
    liability or mezzanine equity and provides guidance on the
    accounting for transactions between an entity and noncontrolling
    interests. SFAS&#160;No.&#160;160 is effective the first fiscal
    year beginning after December&#160;15, 2008, and interim periods
    within that fiscal year. SFAS&#160;No.&#160;160 applies
    prospectively as of the beginning of the fiscal year
    SFAS&#160;No.&#160;160 is initially applied, except for the
    presentation and disclosure requirements, which are applied
    retrospectively for all periods presented subsequent to
    adoption. The adoption of SFAS&#160;No.&#160;160 will not have a
    material impact on the consolidated financial statements;
    however, it could impact future transactions entered into by the
    Company.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    In April 2009, the FASB issued three related FASB Staff
    Positions: (i)&#160;FSP
    <FONT style="white-space: nowrap">SFAS&#160;No.&#160;115-2</FONT>
    and
    <FONT style="white-space: nowrap">SFAS&#160;No.&#160;124-2,</FONT>
    Recognition of Presentation of Other-Than-Temporary Impairments
    (&#147;FSP
    <FONT style="white-space: nowrap">SFAS&#160;115-2</FONT>
    and
    <FONT style="white-space: nowrap">SFAS&#160;124-2&#148;),</FONT>
    (ii)&#160;FSP
    <FONT style="white-space: nowrap">SFAS&#160;No.&#160;107-1</FONT>
    and APB
    <FONT style="white-space: nowrap">No.&#160;28-1,</FONT>
    Interim Disclosures about Fair Value of Financial Instruments
    (&#147;FSP
    <FONT style="white-space: nowrap">SFAS&#160;107-1</FONT>
    and APB
    <FONT style="white-space: nowrap">28-1&#148;),</FONT>
    and (iii)&#160;FSP
    <FONT style="white-space: nowrap">SFAS&#160;No.&#160;157-4,</FONT>
    Determining the Fair Value When the Volume and Level of Activity
    for the Asset or Liability Have Significantly Decreased and
    Identifying Transactions That Are Not Orderly (&#147;FSP
    <FONT style="white-space: nowrap">SFAS&#160;157-4&#148;),</FONT>
    which are effective for interim and annual reporting periods
    ending after June&#160;15, 2009. FSP
    <FONT style="white-space: nowrap">SFAS&#160;115-2</FONT>
    and
    <FONT style="white-space: nowrap">SFAS&#160;124-2</FONT>
    modifies the requirement for recognizing other-than-temporary
    impairments, changes the existing impairment model, and modifies
    the presentation and frequency of related disclosures. FSP
    <FONT style="white-space: nowrap">SFAS&#160;107-1</FONT>
    and APB <FONT style="white-space: nowrap">28-1</FONT>
    requires disclosures about fair value of financial instruments
    for interim reporting periods as well as in annual financial
    statements. FSP
    <FONT style="white-space: nowrap">SFAS&#160;157-4</FONT>
    provides additional guidance for estimating fair value in
    accordance with SFAS&#160;No.&#160;157, Fair Value Measurements.
    The adoption of these FASB Staff Positions did not have a
    material impact on our financial condition, results of
    operations or cash flows.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    In May 2009, the FASB issued SFAS&#160;No.&#160;165, Subsequent
    Events (&#147;SFAS&#160;165&#148;), which provides guidance to
    establish general standards of accounting for and disclosures of
    events that occur after the balance sheet date but before
    financial statements are issued or are available to be issued.
    SFAS&#160;165 also requires entities to disclose the date
    through which subsequent events were evaluated as well as the
    rationale for why that date was selected. SFAS&#160;165 is
    effective for interim and annual periods ending after
    June&#160;15, 2009, and
</DIV>

<P align="center" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <BR>
    F-26
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<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->

<DIV style="margin-top: 18pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">IDEATION
    ACQUISITION CORP.<BR>
    (a corporation in the development stage)<BR>
    <BR>
    NOTES TO CONDENSED CONSOLIDATED INTERIM FINANCIAL
    STATEMENTS&#160;&#151;&#160;(Continued)<BR>
    (unaudited)</FONT></B>
</DIV>
<DIV style="margin-top: 18pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    accordingly, we adopted this Standard during the second quarter
    of 2009. The adoption of SFAS&#160;165 did not have material
    impact on our condensed consolidated financial statements.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    In June 2009, the FASB issued SFAS&#160;No.&#160;166, Accounting
    for Transfers of Financial Assets&#160;&#151; an amendment of
    FASB Statement No.&#160;140 (&#147;SFAS&#160;166&#148;), which
    requires entities to provide more information regarding sales of
    securitized financial assets and similar transactions,
    particularly if the entity has continuing exposure to the risks
    related to transferred financial assets. SFAS&#160;166
    eliminates the concept of a &#147;qualifying special-purpose
    entity,&#148; changes the requirements for derecognizing
    financial assets and requires additional disclosures.
    SFAS&#160;166 is effective for fiscal years beginning after
    November&#160;15, 2009. We do not believe this will have a
    material impact on our financial condition, results of
    operations or cash flows.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    In June 2009, the FASB issued SFAS&#160;No.&#160;167, Amendments
    to FASB Interpretation No.&#160;46(R)
    (&#147;SFAS&#160;167&#148;), which modifies how a company
    determines when an entity that is insufficiently capitalized or
    is not controlled through voting (or similar rights) should be
    consolidated. SFAS&#160;167 clarifies that the determination of
    whether a company is required to consolidate an entity is based
    on, among other things, an entity&#146;s purpose and design and
    a company&#146;s ability to direct the activities of the entity
    that most significantly impact the entity&#146;s economic
    performance. SFAS&#160;167 requires an ongoing reassessment of
    whether a company is the primary beneficiary of a variable
    interest entity. SFAS&#160;167 also requires additional
    disclosures about a company&#146;s involvement in variable
    interest entities and any significant changes in risk exposure
    due to that involvement. SFAS&#160;167 is effective for fiscal
    years beginning after November&#160;15, 2009. We do not believe
    this will have a material impact on our financial condition,
    results of operations or cash flows.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    In June 2009, the FASB issued SFAS&#160;No.&#160;168, The FASB
    Accounting Standards
    Codification<SUP style="font-size: 85%; vertical-align: top"><FONT style="font-variant: SMALL-CAPS">tm</FONT></SUP>

    and the Hierarchy of Generally Accepted Accounting Principles a
    Replacement of FASB Statement No.&#160;162
    (&#147;SFAS&#160;168&#148;). This Standard establishes the FASB
    Accounting Standards
    Codification<SUP style="font-size: 85%; vertical-align: top"><FONT style="font-variant: SMALL-CAPS">tm</FONT></SUP>

    (the &#147;Codification&#148;) as the source of authoritative
    accounting principles recognized by the FASB to be applied by
    nongovernmental entities in the preparation of financial
    statements in conformity with U.S.&#160;GAAP. The Codification
    does not change current U.S.&#160;GAAP, but is intended to
    simplify user access to all authoritative U.S.&#160;GAAP by
    providing all the authoritative literature related to a
    particular topic in one place. The Codification is effective for
    interim and annual periods ending after September&#160;15, 2009,
    and as of the effective date, all existing accounting standard
    documents will be superseded. The Codification is effective for
    us in the third quarter of 2009, and accordingly, our Quarterly
    Report on
    <FONT style="white-space: nowrap">Form&#160;10-Q</FONT>
    for the quarter ending September&#160;26, 2009 and all
    subsequent public filings will reference the Codification as the
    sole source of authoritative literature.
</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 2%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><I><FONT style="font-family: 'Times New Roman', Times">Fair
    value of financial instruments</FONT></I></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    The Company does not enter into financial instruments or
    derivative contracts for trading or speculative purposes. The
    carrying amounts of the Company&#146;s assets and liabilities,
    which qualify as financial instruments under
    SFAS&#160;No.&#160;107, &#147;Disclosure About Fair Value of
    Financial Instruments,&#148; approximates their fair value
    represented in the accompanying condensed consolidated balance
    sheets.
</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 2%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><I><FONT style="font-family: 'Times New Roman', Times">Subsequent
    Events</FONT></I></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    These condensed consolidated interim financial statements were
    approved by management and were issued on August&#160;12, 2009.
    Subsequent events have been evaluated through this date.
</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

<TR>
    <TD width="8%"></TD>
    <TD width="92%"></TD>
</TR>

<TR valign="top">
    <TD>
    <B><FONT style="font-family: 'Times New Roman', Times">Note&#160;3&#160;&#151;
    </FONT></B>
</TD>
    <TD>
    <B><FONT style="font-family: 'Times New Roman', Times">Initial
    Public Offering</FONT></B>
</TD>
</TR>

</TABLE>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    In its initial public offering, effective November&#160;19, 2007
    (consummated November&#160;26, 2007), the Company sold
    10,000,000&#160;units (&#147;Units&#148;) at a price of $8.00
    per unit. Proceeds from the initial public offering
</DIV>

<P align="center" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <BR>
    F-27
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<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->

<DIV style="margin-top: 18pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">IDEATION
    ACQUISITION CORP.<BR>
    (a corporation in the development stage)<BR>
    <BR>
    NOTES TO CONDENSED CONSOLIDATED INTERIM FINANCIAL
    STATEMENTS&#160;&#151;&#160;(Continued)<BR>
    (unaudited)</FONT></B>
</DIV>
<DIV style="margin-top: 18pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    totaled $73,811,479, which was net of $3,458,521 in underwriting
    and other expenses and $2,730,000 of deferred underwriting fees.
    Each Unit consists of one share of the Company&#146;s common
    stock, $0.0001&#160;par value, and one Redeemable Common Stock
    Purchase Warrant (&#147;Warrant&#148;). Each Warrant will
    entitle the holder to purchase from the Company one share of
    common stock at an exercise price of $6.00 commencing on the
    later of the completion of a Business Combination with a Target
    Business and November&#160;19, 2008 and expiring
    November&#160;19, 2011, unless earlier redeemed. The Warrants
    will be redeemable at a price of $0.01 per Warrant upon
    30&#160;days&#146; notice after the Warrants become exercisable,
    only in the event that the last sale price of the common stock
    is at least $11.50 per share for any 20 trading days within a 30
    trading day period ending on the third business day prior to the
    date on which notice of redemption is sent. In accordance with
    the warrant agreement, the Company is only required to use its
    best efforts to maintain the effectiveness of the registration
    statement covering the Warrants. The Company will not be
    obligated to deliver securities, and there are no contractual
    penalties for failure to deliver securities, if a registration
    statement is not effective at the time of exercise.
    Additionally, in the event that a registration is not effective
    at the time of exercise, the holder of such Warrant shall not be
    entitled to exercise such Warrant and in no event (whether in
    the case of a registration statement not being effective or
    otherwise) will the Company be required to net cash settle the
    warrant exercise. Consequently, the Warrants may expire
    unexercised and unredeemed.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Proceeds held in the Trust&#160;Account will not be available
    for the Company&#146;s use for any purpose, except to pay any
    income taxes and up to $1.7&#160;million can be taken from the
    interest earned on the Trust&#160;Account to fund the
    Company&#146;s working capital. These proceeds will be used to
    pay for business, legal, and accounting due diligence on
    prospective acquisitions and continuing general and
    administrative expenses. As of June&#160;30, 2009, the Company
    includes approximately $37,000 of these proceeds in their cash
    balance as they plan on withdrawing the cash as needed for
    operations. From June&#160;1, 2007 (inception) to June&#160;30,
    2009, the Company has transferred approximately
    $2.0&#160;million from the Trust&#160;Account, of which
    approximately $1.1&#160;million has been used to fund the
    Company&#146;s working capital requirements, and
    $0.9&#160;million has been for the payment of taxes.
</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

<TR>
    <TD width="8%"></TD>
    <TD width="92%"></TD>
</TR>

<TR valign="top">
    <TD>
    <B><FONT style="font-family: 'Times New Roman', Times">Note&#160;4&#160;&#151;
    </FONT></B>
</TD>
    <TD>
    <B><FONT style="font-family: 'Times New Roman', Times">Related
    Party Transactions</FONT></B>
</TD>
</TR>

</TABLE>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    In June 2007, the Company issued 2,500,000&#160;shares
    (&#147;Initial Shares&#148;) of common stock to the Initial
    Stockholders for $0.01 per share for a total of $25,000. The
    Initial Stockholders also purchased 250,000&#160;units for
    $2,000,000 in the IPO.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    The Company issued unsecured promissory notes totaling $200,000
    to its Initial Stockholders on June&#160;12, 2007. The notes
    were non-interest bearing and were repaid from the proceeds of
    the Offering by the Company.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    The Company paid approximately $13,000 from June&#160;1, 2007
    (inception) to March&#160;31, 2008 for office space and general
    and administrative services, leased from Clarity Partners, L.P.
    Barry A. Porter, one of our special advisors, is a co-founder
    and Managing General Partner of Clarity Partners, L.P., and the
    grantor trust of Mr.&#160;Porter, Nautilus Trust dtd
    <FONT style="white-space: nowrap">9/10/99,</FONT> is
    one of our initial stockholders. Services commenced on
    November&#160;19, 2007 and will terminate upon the earlier of
    (i)&#160;the consummation of a Business Combination or
    (ii)&#160;the liquidation of the Company. The Company terminated
    its agreement with Clarity Partners, L.P. effective
    March&#160;31, 2008.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    On March&#160;20, 2008, the audit committee of Ideation
    Acquisition Corp. approved a new sub-leasing and administrative
    and support services agreement. Effective April&#160;1, 2008,
    the Company has moved its principal offices to
    1990&#160;S.&#160;Bundy Boulevard, Suite&#160;620, Los Angeles,
    CA 90025. It subleases the space and pays approximately $7,500
    per month for office space and related services to Spirit EMX
    LLC. Robert N. Fried, our Chief Executive Officer and one of our
    initial shareholders, is the founder and Chief Executive Officer
    of Spirit EMX LLC. The Company incurred approximately $108,000
    from April&#160;1, 2008 to June&#160;30, 2009 for
</DIV>

<P align="center" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <BR>
    F-28
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<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->

<DIV style="margin-top: 18pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">IDEATION
    ACQUISITION CORP.<BR>
    (a corporation in the development stage)<BR>
    <BR>
    NOTES TO CONDENSED CONSOLIDATED INTERIM FINANCIAL
    STATEMENTS&#160;&#151;&#160;(Continued)<BR>
    (unaudited)</FONT></B>
</DIV>
<DIV style="margin-top: 18pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    office space and administrative services and paid approximately
    $87,000 to Sprint EMX LLC. In January 2009, the Company moved
    its principal offices to 1105&#160;N.&#160;Market Street,
    Suite&#160;1300, Wilmington, Delaware 19801, while maintaining
    an office at 1990&#160;S.&#160;Bundy Boulevard, Suite&#160;620,
    Los Angeles, CA 90025. The Company has incurred approximately
    $2,000 from January&#160;1, 2009 to June&#160;30, 2009 for
    office space and administration services and paid approximately
    $2,000 to Wilmington Trust&#160;SP Services.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    The Initial Stockholders purchased warrants (&#147;Insider
    Warrants&#148;) exercisable for 2,400,000&#160;shares of common
    stock at a purchase price of $1.00 per warrant concurrently with
    the closing of the Offering at a price of $1.00 per Insider
    Warrant directly from the Company and not as part of the
    Offering. All of the proceeds from this private placement have
    been placed in a Trust&#160;Account until a business combination
    has been consummated. The Insider Warrants are identical to the
    Warrants included in the Units sold in the Offering except that
    if the Company calls the Warrants for redemption, the Insider
    Warrants may be exercisable on a &#147;cashless basis&#148; so
    long as such securities are held by the Initial Stockholders or
    their affiliates. Additionally, our Initial Stockholders have
    agreed that the Insider Warrants will not be sold or transferred
    by them until after the Company has completed a Business
    Combination. The Company believes based on a review of the
    trading prices of the public warrants of other blank check
    companies similar to the Company, that the purchase price of
    $1.00 per Insider Warrant is not less than the approximate fair
    value of such warrants on the date of issuance. Therefore, the
    Company has not recorded stock-based compensation expense upon
    the sale of the Insider Warrants.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    The holders of the Initial Shares, as well as the holders of the
    Insider Warrants (and underlying securities), will be entitled
    to registration rights pursuant to an agreement signed on
    November&#160;19, 2007. The holders of a majority of these
    securities will be entitled to make up to two demands that we
    register such securities. The holders of a majority of the
    Initial Shares will be able to make a demand for registration of
    the resale of their Initial Shares at any time commencing nine
    months after the consummation of a business combination. The
    holders of a majority of the Insider Warrants (or underlying
    securities) will be able to elect to exercise these registration
    rights with respect to the Insider Warrants (or underlying
    securities) at any time after the Company consummates a business
    combination. In addition, such holders will have certain
    &#147;piggy-back&#148; registration rights on registration
    statements filed subsequent to the date on which such securities
    are released from escrow. All our Initial Stockholders placed
    the initial shares and the insider warrants into an escrow
    account maintained by Continental Stock Transfer&#160;&#038;
    Trust&#160;Company, acting as escrow agent. The Initial Shares
    will not be released from escrow until one year after the
    consummation of a Business Combination, or earlier if, following
    a Business Combination, the Company engages in a subsequent
    transaction resulting in the Company&#146;s stockholders having
    the right to exchange their shares for cash or other securities
    or if the Company liquidates and dissolves. The Insider Warrants
    will not be released from escrow until 90&#160;days after the
    completion of a Business Combination. The Company will continue
    to bear expenses incurred in connection with the filing of any
    such registration statements.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    We reimburse Dr.&#160;Frost for Company-related use by
    Dr.&#160;Frost and our other executives of an airplane owned by
    a company that is beneficially owned by Dr.&#160;Frost. We
    reimburse Dr.&#160;Frost in an amount equal to the cost of a
    first class airline ticket between the travel cities for each
    executive, including Dr.&#160;Frost, traveling on the airplane
    for Company-related business. We do not reimburse Dr.&#160;Frost
    for personal use of the airplane by Dr.&#160;Frost or any other
    executive; nor do we pay for any other fixed or variable
    operating costs of the airplane. For the six months ending
    June&#160;30, 2008 and June&#160;30, 2009, we reimbursed
    Dr.&#160;Frost approximately $11,000 and $5,000, respectively
    for Company-related travel by Dr.&#160;Frost and other Ideation
    executives. For the period from June&#160;1, 2007 (Inception) to
    June&#160;30, 2009, we reimbursed Dr.&#160;Frost approximately
    $21,000 for company related travel.
</DIV>

<P align="center" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <BR>
    F-29
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<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->

<DIV style="margin-top: 18pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">IDEATION
    ACQUISITION CORP.<BR>
    (a corporation in the development stage)<BR>
    <BR>
    NOTES TO CONDENSED CONSOLIDATED INTERIM FINANCIAL
    STATEMENTS&#160;&#151;&#160;(Continued)<BR>
    (unaudited)</FONT></B>
</DIV>
<DIV style="margin-top: 18pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

<TR>
    <TD width="8%"></TD>
    <TD width="92%"></TD>
</TR>

<TR valign="top">
    <TD>
    <B><FONT style="font-family: 'Times New Roman', Times">Note&#160;5&#160;&#151;
    </FONT></B>
</TD>
    <TD>
    <B><FONT style="font-family: 'Times New Roman', Times">Income
    taxes</FONT></B>
</TD>
</TR>

</TABLE>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Deferred income taxes are provided for the differences between
    the basis of assets and liabilities for financial reporting and
    income tax purposes. A valuation allowance is established when
    necessary to reduce the deferred tax assets to the amount
    expected to be realized. The Company recorded a deferred income
    tax asset of $440,759 and $387,570 on December&#160;31, 2008 and
    June&#160;30, 2009, respectively, for the tax effect of
    temporary differences during the period from June&#160;1, 2007
    (Inception) to December&#160;31, 2008, and during the six month
    period ended June&#160;30, 2009. Temporary differences during
    the period from June&#160;1, 2007 (Inception) to
    December&#160;31, 2008 and during the six month period ended
    June&#160;30, 2009 consist of start up costs and organizational
    expenses.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    The Company&#146;s provision for income taxes reflects the
    application of federal and state statutory rates to the
    Company&#146;s income before taxes. The Company&#146;s effective
    tax rate was approximately (29.9%) for the periods from
    June&#160;1, 2007 (Inception) to June&#160;30, 2009, 2.8% for
    the six months ended June&#160;30, 2009, 11.9%, for the three
    month period ended June&#160;30, 2009, and 39.8% for the three
    and six month periods ended June&#160;30, 2008. Prior to the
    third quarter of 2008, the Company believed that it was liable
    for state incomes taxes and accordingly was recording a state
    tax provision and making quarterly estimated payments. Based on
    a review of facts and circumstances during the third quarter of
    2008, the Company believes that it is not liable for state
    income taxes and accordingly, eliminated its state tax provision
    and recorded a receivable for the return of its estimated tax
    payments from the state. Permanent differences during the period
    June&#160;1, 2007 (Inception) to June&#160;30, 2009 constitute
    accrued contingent legal fees of $1,462,165, which will be paid
    only upon the completion of an acquisition by the Company. These
    fees will be capitalized as part of the cost of the acquisition
    and will not be deductable in determining current Federal
    taxable income. For financial statements purposes, these are
    expensed as incurred under the provision of Statement of
    Financial Accounting Standards (SFAS) No.&#160;141R
    &#147;Business Combinations.&#148;
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Effective January&#160;1, 2007, the Company adopted the
    provisions of the Financial Accounting Standards Board
    (&#147;FASB&#148;) Interpretation No.&#160;48, &#147;Accounting
    for Uncertainty in Income Taxes&#160;&#151; an interpretation of
    FASB Statement No.&#160;109&#148; (&#147;FIN&#160;48&#148;).
    There were no unrecognized tax benefits as of June&#160;30,
    2009. FIN&#160;48 prescribes a recognition threshold and a
    measurement attribute for the financial statement recognition
    and measurement of tax positions taken or expected to be taken
    in a tax return. For those benefits to be recognized, a tax
    position must be more-likely-than-not to be sustained upon
    examination by taxing authorities. The Company recognizes
    accrued interest and penalties related to unrecognized tax
    benefits as income tax expense. No amounts were accrued for the
    payment of interest and penalties at June&#160;30, 2009.
    Management is currently unaware of any issues under review that
    could result in significant payments, accruals or material
    deviation from its position.
</DIV>

<P align="center" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <BR>
    F-30
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<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->

<DIV style="margin-top: 18pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">IDEATION
    ACQUISITION CORP.<BR>
    (a corporation in the development stage)<BR>
    <BR>
    NOTES TO CONDENSED CONSOLIDATED INTERIM FINANCIAL
    STATEMENTS&#160;&#151;&#160;(Continued)<BR>
    (unaudited)</FONT></B>
</DIV>
<DIV style="margin-top: 18pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Components of the current and deferred (benefit) provision for
    income taxes (unaudited) are approximately as follows:
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<TABLE border="0" width="100%" align="center" cellpadding="0" cellspacing="0" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
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    <TD width="1%" align="left">&nbsp;</TD>	<!-- colindex=04 type=hang1 -->
    <TD width="3%">&nbsp;</TD>	<!-- colindex=05 type=gutter -->
    <TD width="1%" align="right">&nbsp;</TD>	<!-- colindex=05 type=lead -->
    <TD width="9%" align="right">&nbsp;</TD>	<!-- colindex=05 type=body -->
    <TD width="1%" align="left">&nbsp;</TD>	<!-- colindex=05 type=hang1 -->
    <TD width="3%">&nbsp;</TD>	<!-- colindex=06 type=gutter -->
    <TD width="1%" align="right">&nbsp;</TD>	<!-- colindex=06 type=lead -->
    <TD width="15%" align="right">&nbsp;</TD>	<!-- colindex=06 type=body -->
    <TD width="1%" align="left">&nbsp;</TD>	<!-- colindex=06 type=hang1 -->
</TR>
<!-- Table Width Row END -->
<TR style="font-size: 8pt" valign="bottom" align="center">
<TD nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>For The Three<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>For The Three<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>For The Six<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>For The Six<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>For The Period June&#160;1,<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom" align="center">
<TD nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>Months Ended<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>Months Ended<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>Months Ended<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>Months Ended<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>2007 (Inception) to<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom" align="center">
<TD nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>June&#160;30,<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>June&#160;30,<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>June&#160;30,<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>June&#160;30,<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>June&#160;30,<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom" align="center">
<TD nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    <B>2009</B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    <B>2008</B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    <B>2009</B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    <B>2008</B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    <B>2009</B>
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR style="line-height: 3pt; font-size: 1pt">
<TD>&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    <B>Current Tax (Benefit) Provision</B>
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Federal
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    (4,606
</TD>
<TD nowrap align="left" valign="bottom">
    )
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    135,895
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    (15,615
</TD>
<TD nowrap align="left" valign="bottom">
    )
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    365,066
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    620,196
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    State
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    38,759
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    104,122
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="font-size: 1pt">
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Total Current
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    (4,606
</TD>
<TD nowrap align="left" valign="bottom">
    )
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    174,654
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    (15,615
</TD>
<TD nowrap align="left" valign="bottom">
    )
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    469,188
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    620,196
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    <B>Deferred Tax (Benefit) Provision</B>:
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Federal
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    (49,371
</TD>
<TD nowrap align="left" valign="bottom">
    )
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    (35,428
</TD>
<TD nowrap align="left" valign="bottom">
    )
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    53,189
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    (105,215
</TD>
<TD nowrap align="left" valign="bottom">
    )
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    (387,570
</TD>
<TD nowrap align="left" valign="bottom">
    )
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    State
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    (10,105
</TD>
<TD nowrap align="left" valign="bottom">
    )
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    (30,009
</TD>
<TD nowrap align="left" valign="bottom">
    )
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="font-size: 1pt">
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Total Deferred
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    (49,371
</TD>
<TD nowrap align="left" valign="bottom">
    )
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    (45,533
</TD>
<TD nowrap align="left" valign="bottom">
    )
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    53,189
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    (135,224
</TD>
<TD nowrap align="left" valign="bottom">
    )
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    (387,570
</TD>
<TD nowrap align="left" valign="bottom">
    )
</TD>
</TR>
<TR valign="bottom" style="font-size: 1pt">
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Total Provision
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    (53,977
</TD>
<TD nowrap align="left" valign="bottom">
    )
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    129,121
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    37,574
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    333,964
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    232,626
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="font-size: 1pt">
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
</TABLE>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">

</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    The following table reconciles the (benefit) provision for
    income taxes (unaudited) for all periods computed using the
    U.S.&#160;statutory rate of 34% to the (benefit) provision for
    income taxes from operations as reflected in the financial
    statements:
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<TABLE border="0" width="100%" align="center" cellpadding="0" cellspacing="0" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
<!-- Table Width Row BEGIN -->
<TR style="font-size: 1pt" valign="bottom">
    <TD width="25%">&nbsp;</TD>	<!-- colindex=01 type=maindata -->
    <TD width="2%">&nbsp;</TD>	<!-- colindex=02 type=gutter -->
    <TD width="1%" align="right">&nbsp;</TD>	<!-- colindex=02 type=lead -->
    <TD width="9%" align="right">&nbsp;</TD>	<!-- colindex=02 type=body -->
    <TD width="1%" align="left">&nbsp;</TD>	<!-- colindex=02 type=hang1 -->
    <TD width="3%">&nbsp;</TD>	<!-- colindex=03 type=gutter -->
    <TD width="1%" align="right">&nbsp;</TD>	<!-- colindex=03 type=lead -->
    <TD width="9%" align="right">&nbsp;</TD>	<!-- colindex=03 type=body -->
    <TD width="1%" align="left">&nbsp;</TD>	<!-- colindex=03 type=hang1 -->
    <TD width="3%">&nbsp;</TD>	<!-- colindex=04 type=gutter -->
    <TD width="1%" align="right">&nbsp;</TD>	<!-- colindex=04 type=lead -->
    <TD width="9%" align="right">&nbsp;</TD>	<!-- colindex=04 type=body -->
    <TD width="1%" align="left">&nbsp;</TD>	<!-- colindex=04 type=hang1 -->
    <TD width="3%">&nbsp;</TD>	<!-- colindex=05 type=gutter -->
    <TD width="1%" align="right">&nbsp;</TD>	<!-- colindex=05 type=lead -->
    <TD width="9%" align="right">&nbsp;</TD>	<!-- colindex=05 type=body -->
    <TD width="1%" align="left">&nbsp;</TD>	<!-- colindex=05 type=hang1 -->
    <TD width="3%">&nbsp;</TD>	<!-- colindex=06 type=gutter -->
    <TD width="1%" align="right">&nbsp;</TD>	<!-- colindex=06 type=lead -->
    <TD width="15%" align="right">&nbsp;</TD>	<!-- colindex=06 type=body -->
    <TD width="1%" align="left">&nbsp;</TD>	<!-- colindex=06 type=hang1 -->
</TR>
<!-- Table Width Row END -->
<TR style="font-size: 8pt" valign="bottom" align="center">
<TD nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>For The Three<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>For The Three<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>For The Six<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>For The Six<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>For The Period June&#160;1,<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom" align="center">
<TD nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>Months Ended<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>Months Ended<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>Months Ended<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>Months Ended<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>2007 (Inception) to<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom" align="center">
<TD nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>June&#160;30,<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>June&#160;30,<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>June&#160;30,<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>June&#160;30,<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>June&#160;30,<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom" align="center">
<TD nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    <B>2009</B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    <B>2008</B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    <B>2009</B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    <B>2008</B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    <B>2009</B>
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR style="line-height: 3pt; font-size: 1pt">
<TD>&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    (Benefit) Provision at statutory rate
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    (154,783
</TD>
<TD nowrap align="left" valign="bottom">
    )
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    100,467
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    (459,562
</TD>
<TD nowrap align="left" valign="bottom">
    )
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    259,851
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    (264,510
</TD>
<TD nowrap align="left" valign="bottom">
    )
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Permanent Differences
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    100,806
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    497,136
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    497,136
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    State taxes, net of federal benefit
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    28,654
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    74,113
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="font-size: 1pt">
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    (Benefit) Provision for income taxes
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    (53,977
</TD>
<TD nowrap align="left" valign="bottom">
    )
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    129,121
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    37,574
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    333,964
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    232,626
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="font-size: 1pt">
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
</TABLE>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">

</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

<TR>
    <TD width="8%"></TD>
    <TD width="92%"></TD>
</TR>

<TR valign="top">
    <TD>
    <B><FONT style="font-family: 'Times New Roman', Times">Note&#160;6&#160;&#151;
    </FONT></B>
</TD>
    <TD>
    <B><FONT style="font-family: 'Times New Roman', Times">Investment
    held in Trust&#160;Account; U.S. Treasury Securities</FONT></B>
</TD>
</TR>

</TABLE>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Since the closing of the Offering, net proceeds from the
    offering have been held in a trust account
    (&#147;Trust&#160;Account&#148;). The Trust&#160;Account may be
    invested in U.S.&#160;&#147;government debt securities,&#148;
    defined as any Treasury Bill or equivalent securities issued by
    the United States government having a maturity of one hundred
    and eighty (180)&#160;days or less or money market funds meeting
    the conditions specified in
    <FONT style="white-space: nowrap">Rule&#160;2a-7</FONT>
    under the Investment Company Act of 1940, until the earlier of
    (i)&#160;the consummation of its first Business Combination or
    (ii)&#160;the distribution of the Trust&#160;Account as
    described below. The proceeds in the Trust&#160;Account includes
    $2,730,000 of the gross proceeds representing deferred
    underwriting discounts and commissions that will be released to
    the underwriters on completion of a Business Combination.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    As of June&#160;30, 2009, investment securities in the
    Company&#146;s Trust&#160;Account consist of
    (a)&#160;approximately $75&#160;million in United States
    Treasury Bills and (b)&#160;approximately $4&#160;million in a
    mutual fund that invests in
</DIV>

<P align="center" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <BR>
    F-31
</DIV><!-- END PAGE WIDTH -->
<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>

<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->

<DIV style="margin-top: 18pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">IDEATION
    ACQUISITION CORP.<BR>
    (a corporation in the development stage)<BR>
    <BR>
    NOTES TO CONDENSED CONSOLIDATED INTERIM FINANCIAL
    STATEMENTS&#160;&#151;&#160;(Continued)<BR>
    (unaudited)</FONT></B>
</DIV>
<DIV style="margin-top: 18pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    United States Treasury securities. The Company classifies its
    United States Treasury and equivalent securities as
    held-to-maturity in accordance with SFAS&#160;No.&#160;115,
    &#147;Accounting for Certain Debt and Equity Securities.&#148;
    Held-to-maturity securities are those securities, which the
    Company has the ability and intent to hold until maturity.
    Held-to-maturity treasury securities are recorded at amortized
    cost on the accompanying balance sheets and adjusted for the
    amortization or accretion of premiums or discounts. The
    Company&#146;s investment in the United States Treasury mutual
    fund account is recorded at fair value. (Note&#160;7)
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    The carrying amount, including accrued interest, gross
    unrealized holding gains, and fair value of held-to-maturity
    securities at June&#160;30, 2009 were as follows:
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<TABLE border="0" width="100%" align="center" cellpadding="0" cellspacing="0" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
<!-- Table Width Row BEGIN -->
<TR style="font-size: 1pt" valign="bottom">
    <TD width="57%">&nbsp;</TD>	<!-- colindex=01 type=maindata -->
    <TD width="2%">&nbsp;</TD>	<!-- colindex=02 type=gutter -->
    <TD width="1%" align="right">&nbsp;</TD>	<!-- colindex=02 type=lead -->
    <TD width="10%" align="right">&nbsp;</TD>	<!-- colindex=02 type=body -->
    <TD width="1%" align="left">&nbsp;</TD>	<!-- colindex=02 type=hang1 -->
    <TD width="3%">&nbsp;</TD>	<!-- colindex=03 type=gutter -->
    <TD width="1%" align="right">&nbsp;</TD>	<!-- colindex=03 type=lead -->
    <TD width="9%" align="right">&nbsp;</TD>	<!-- colindex=03 type=body -->
    <TD width="1%" align="left">&nbsp;</TD>	<!-- colindex=03 type=hang1 -->
    <TD width="3%">&nbsp;</TD>	<!-- colindex=04 type=gutter -->
    <TD width="1%" align="right">&nbsp;</TD>	<!-- colindex=04 type=lead -->
    <TD width="10%" align="right">&nbsp;</TD>	<!-- colindex=04 type=body -->
    <TD width="1%" align="left">&nbsp;</TD>	<!-- colindex=04 type=hang1 -->
</TR>
<!-- Table Width Row END -->
<TR style="font-size: 8pt" valign="bottom" align="center">
<TD nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>Gross<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom" align="center">
<TD nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>unrealized<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom" align="center">
<TD nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>Carrying<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>holding gains<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom" align="center">
<TD nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    <B>amount</B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    <B>(Losses)</B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    <B>Fair value</B>
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR style="line-height: 3pt; font-size: 1pt">
<TD>&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Held-to-maturity:
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 20pt">
    U.S. Treasury securities held in Trust&#160;Account
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    75,016,874
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    (625
</TD>
<TD nowrap align="left" valign="bottom">
    )
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    75,016,249
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
</TABLE>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">

</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    The carrying amount, including accrued interest, gross
    unrealized holding gains, and fair value of held-to-maturity
    securities at December&#160;31, 2008 were as follows:
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<TABLE border="0" width="100%" align="center" cellpadding="0" cellspacing="0" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
<!-- Table Width Row BEGIN -->
<TR style="font-size: 1pt" valign="bottom">
    <TD width="57%">&nbsp;</TD>	<!-- colindex=01 type=maindata -->
    <TD width="2%">&nbsp;</TD>	<!-- colindex=02 type=gutter -->
    <TD width="1%" align="right">&nbsp;</TD>	<!-- colindex=02 type=lead -->
    <TD width="10%" align="right">&nbsp;</TD>	<!-- colindex=02 type=body -->
    <TD width="1%" align="left">&nbsp;</TD>	<!-- colindex=02 type=hang1 -->
    <TD width="3%">&nbsp;</TD>	<!-- colindex=03 type=gutter -->
    <TD width="1%" align="right">&nbsp;</TD>	<!-- colindex=03 type=lead -->
    <TD width="9%" align="right">&nbsp;</TD>	<!-- colindex=03 type=body -->
    <TD width="1%" align="left">&nbsp;</TD>	<!-- colindex=03 type=hang1 -->
    <TD width="3%">&nbsp;</TD>	<!-- colindex=04 type=gutter -->
    <TD width="1%" align="right">&nbsp;</TD>	<!-- colindex=04 type=lead -->
    <TD width="10%" align="right">&nbsp;</TD>	<!-- colindex=04 type=body -->
    <TD width="1%" align="left">&nbsp;</TD>	<!-- colindex=04 type=hang1 -->
</TR>
<!-- Table Width Row END -->
<TR style="font-size: 8pt" valign="bottom" align="center">
<TD nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>Gross<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom" align="center">
<TD nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>unrealized<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom" align="center">
<TD nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>Carrying<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>holding gains<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom" align="center">
<TD nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    <B>amount</B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    <B>(Losses)</B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    <B>Fair value</B>
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR style="line-height: 3pt; font-size: 1pt">
<TD>&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Held-to-maturity:
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 20pt">
    U.S. Treasury securities held in Trust&#160;Account
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    54,993,327
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    6,673
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    55,000,000
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
</TABLE>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">

</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

<TR>
    <TD width="8%"></TD>
    <TD width="92%"></TD>
</TR>

<TR valign="top">
    <TD>
    <B><FONT style="font-family: 'Times New Roman', Times">Note&#160;7&#160;&#151;
    </FONT></B>
</TD>
    <TD>
    <B><FONT style="font-family: 'Times New Roman', Times">Fair
    Value Measurements</FONT></B>
</TD>
</TR>

</TABLE>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Effective January&#160;1, 2008, the Company adopted Statement of
    Financial Accounting Standard No.&#160;157, <I>Fair Value
    Measurements</I>, or SFAS&#160;157, for its financial assets and
    liabilities that are re-measured and reported at fair value at
    each reporting period, and non-financial assets and liabilities
    that are re-measured and reported at fair value at least
    annually. In accordance with the provisions of FSP
    <FONT style="white-space: nowrap">No.&#160;SFAS&#160;157-2,</FONT>
    <I>Effective Date of FASB Statement No.&#160;157, </I>the
    Company elected to defer implementation of SFAS&#160;157 as it
    relates to its non-financial assets and non-financial
    liabilities that are recognized and disclosed at fair value in
    the financial statements on a nonrecurring basis until
    January&#160;1, 2009. FSP
    <FONT style="white-space: nowrap">No.&#160;157-3</FONT>
    clarifies the application of FASB 157 in a market that is not
    active. FSP
    <FONT style="white-space: nowrap">No.&#160;157-3</FONT>
    is effective upon issuance. FSP
    <FONT style="white-space: nowrap">SFAS&#160;No.&#160;157-4,</FONT>
    provides additional guidance for estimating fair value in
    accordance with SFAS&#160;No.&#160;157.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    The adoption of SFAS&#160;157 to the Company&#146;s financial
    assets and liabilities did not have an impact on the
    Company&#146;s consolidated financial results.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    The following table presents information about the
    Company&#146;s assets that are measured at fair value on a
    recurring basis as of June&#160;30, 2009 and December&#160;31,
    2008, and indicates the fair value hierarchy of the valuation
    techniques the Company utilized to determine such fair value. In
    general, fair values determined by Level&#160;1 inputs utilize
    quoted prices (unadjusted) in active markets for identical
    assets. Fair values determined by Level&#160;2 inputs utilize
    data points that are observable such as quoted prices, interest
    rates and yield curves.
</DIV>

<P align="center" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <BR>
    F-32
</DIV><!-- END PAGE WIDTH -->
<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>

<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->

<DIV style="margin-top: 18pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">IDEATION
    ACQUISITION CORP.<BR>
    (a corporation in the development stage)<BR>
    <BR>
    NOTES TO CONDENSED CONSOLIDATED INTERIM FINANCIAL
    STATEMENTS&#160;&#151;&#160;(Continued)<BR>
    (unaudited)</FONT></B>
</DIV>
<DIV style="margin-top: 18pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Fair values determined by Level&#160;3 inputs are unobservable
    data points for the asset or liability, and includes situations
    where there is little, if any, market activity for the asset or
    liability (in millions):
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<TABLE border="0" width="100%" align="center" cellpadding="0" cellspacing="0" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
<!-- Table Width Row BEGIN -->
<TR style="font-size: 1pt" valign="bottom">
    <TD width="40%">&nbsp;</TD>	<!-- colindex=01 type=maindata -->
    <TD width="2%">&nbsp;</TD>	<!-- colindex=02 type=gutter -->
    <TD width="1%" align="right">&nbsp;</TD>	<!-- colindex=02 type=lead -->
    <TD width="7%" align="right">&nbsp;</TD>	<!-- colindex=02 type=body -->
    <TD width="1%" align="left">&nbsp;</TD>	<!-- colindex=02 type=hang1 -->
    <TD width="3%">&nbsp;</TD>	<!-- colindex=03 type=gutter -->
    <TD width="1%" align="right">&nbsp;</TD>	<!-- colindex=03 type=lead -->
    <TD width="12%" align="right">&nbsp;</TD>	<!-- colindex=03 type=body -->
    <TD width="1%" align="left">&nbsp;</TD>	<!-- colindex=03 type=hang1 -->
    <TD width="3%">&nbsp;</TD>	<!-- colindex=04 type=gutter -->
    <TD width="1%" align="right">&nbsp;</TD>	<!-- colindex=04 type=lead -->
    <TD width="13%" align="right">&nbsp;</TD>	<!-- colindex=04 type=body -->
    <TD width="1%" align="left">&nbsp;</TD>	<!-- colindex=04 type=hang1 -->
    <TD width="3%">&nbsp;</TD>	<!-- colindex=05 type=gutter -->
    <TD width="1%" align="right">&nbsp;</TD>	<!-- colindex=05 type=lead -->
    <TD width="9%" align="right">&nbsp;</TD>	<!-- colindex=05 type=body -->
    <TD width="1%" align="left">&nbsp;</TD>	<!-- colindex=05 type=hang1 -->
</TR>
<!-- Table Width Row END -->
<TR style="font-size: 8pt" valign="bottom" align="center">
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>Significant<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom" align="center">
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>Quoted Prices in<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>Significant Other<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>Unobservable<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom" align="center">
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>June&#160;30,<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>Active Markets<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>Observable Inputs<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>Inputs<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom" align="center">
<TD nowrap align="left" valign="bottom">
<DIV style="border-bottom: 1px solid #000000; width: 1%; padding-bottom: 1px">
    <B>Description</B>
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    <B>2009</B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    <B>(Level 1)</B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    <B>(Level 2)</B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    <B>(Level 3)</B>
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom" align="center">
<TD nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    <B>(Unaudited)</B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR style="line-height: 3pt; font-size: 1pt">
<TD>&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Assets:
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    U.S. Treasury Mutual Funds, at fair value, held in
    Trust&#160;Account
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    3.8
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    3.8
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="font-size: 1pt">
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
</TABLE>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">

</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<TABLE border="0" width="100%" align="center" cellpadding="0" cellspacing="0" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
<!-- Table Width Row BEGIN -->
<TR style="font-size: 1pt" valign="bottom">
    <TD width="38%">&nbsp;</TD>	<!-- colindex=01 type=maindata -->
    <TD width="2%">&nbsp;</TD>	<!-- colindex=02 type=gutter -->
    <TD width="1%" align="right">&nbsp;</TD>	<!-- colindex=02 type=lead -->
    <TD width="9%" align="right">&nbsp;</TD>	<!-- colindex=02 type=body -->
    <TD width="1%" align="left">&nbsp;</TD>	<!-- colindex=02 type=hang1 -->
    <TD width="3%">&nbsp;</TD>	<!-- colindex=03 type=gutter -->
    <TD width="1%" align="right">&nbsp;</TD>	<!-- colindex=03 type=lead -->
    <TD width="12%" align="right">&nbsp;</TD>	<!-- colindex=03 type=body -->
    <TD width="1%" align="left">&nbsp;</TD>	<!-- colindex=03 type=hang1 -->
    <TD width="3%">&nbsp;</TD>	<!-- colindex=04 type=gutter -->
    <TD width="1%" align="right">&nbsp;</TD>	<!-- colindex=04 type=lead -->
    <TD width="13%" align="right">&nbsp;</TD>	<!-- colindex=04 type=body -->
    <TD width="1%" align="left">&nbsp;</TD>	<!-- colindex=04 type=hang1 -->
    <TD width="3%">&nbsp;</TD>	<!-- colindex=05 type=gutter -->
    <TD width="1%" align="right">&nbsp;</TD>	<!-- colindex=05 type=lead -->
    <TD width="9%" align="right">&nbsp;</TD>	<!-- colindex=05 type=body -->
    <TD width="1%" align="left">&nbsp;</TD>	<!-- colindex=05 type=hang1 -->
</TR>
<!-- Table Width Row END -->
<TR style="font-size: 8pt" valign="bottom" align="center">
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>Significant<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom" align="center">
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>Quoted Prices in<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>Significant Other<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>Unobservable<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom" align="center">
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>December&#160;31,<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>Active Markets<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>Observable Inputs<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>Inputs<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom" align="center">
<TD nowrap align="left" valign="bottom">
<DIV style="border-bottom: 1px solid #000000; width: 1%; padding-bottom: 1px">
    <B>Description</B>
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    <B>2008</B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    <B>(Level 1)</B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    <B>(Level 2)</B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    <B>(Level 3)</B>
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR style="line-height: 3pt; font-size: 1pt">
<TD>&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Assets:
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    U.S. Treasury Mutual Funds, a fair value, held in
    Trust&#160;Account
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    23.8
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    23.8
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="font-size: 1pt">
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
</TABLE>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">

</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    The fair values of the Company&#146;s cash and cash equivalents
    held in the Trust&#160;Account are determined through market,
    observable and corroborated sources.
</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

<TR>
    <TD width="8%"></TD>
    <TD width="92%"></TD>
</TR>

<TR valign="top">
    <TD>
    <B><FONT style="font-family: 'Times New Roman', Times">Note&#160;8&#160;&#151;
    </FONT></B>
</TD>
    <TD>
    <B><FONT style="font-family: 'Times New Roman', Times">Commitments
    and contingencies</FONT></B>
</TD>
</TR>

</TABLE>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    At the closing of the Offering, the Company paid a fee of 3.5%
    of the gross offering proceeds, excluding the proceeds received
    from the founding shareholders purchase of IPO Units. In
    addition, the Company has committed to pay a deferred fee of
    3.5% of the gross proceeds, less the fees not paid on the
    founding shareholders purchase of IPO units, to the underwriters
    on the completion of an initial business combination by the
    Company.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    In addition to the previously described fee, Lazard Capital
    Markets LLC was granted a
    <FONT style="white-space: nowrap">45-day</FONT>
    option to purchase up to 1,500,000 Units (over and above the
    10,000,000 Units referred to above) solely to cover
    over-allotments, if any. The over-allotment option was not used
    and expired on January&#160;3, 2008.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    The Company has entered into a contingent fee arrangement with
    its law firm by which legal services related to potential
    acquisitions will be considered earned and paid upon the close
    of a business combination by the required date. Fees, once
    earned will be paid out of closing costs. Per the arrangement,
    fees for services performed will not be due to its law firm
    unless an acquisition is successfully completed. As of
    June&#160;30, 2009 the estimated contingent legal fees to be
    paid on the close of an acquisition are approximately
    $1.5&#160;million.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    The Company has sold to the underwriters in the Offering for
    $100, as additional compensation, an option to purchase up to a
    total of 500,000 Units for $10.00 per Unit. The Units issuable
    upon exercise of this option are identical to those offered in
    the Offering; however the Warrants will entitle the holder to
    purchase from the Company one share of common stock at an
    exercise price of $7.00 per share. The purchase option and its
    underlying securities have been registered under the
    registration statement, which was effective on November&#160;19,
    2007.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    The sale of this option has been accounted for as an equity
    transaction. Accordingly, there was no net effect on the
    Company&#146;s financial position or results of operations,
    except for the recording of the $100 proceeds from the sale. The
    Company has determined, based upon a Black-Scholes model, that
    the most recent fair market value of the option is approximately
    $2.5&#160;million, using an expected life of five years from
</DIV>

<P align="center" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <BR>
    F-33
</DIV><!-- END PAGE WIDTH -->
<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>

<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->

<DIV style="margin-top: 18pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">IDEATION
    ACQUISITION CORP.<BR>
    (a corporation in the development stage)<BR>
    <BR>
    NOTES TO CONDENSED CONSOLIDATED INTERIM FINANCIAL
    STATEMENTS&#160;&#151;&#160;(Continued)<BR>
    (unaudited)</FONT></B>
</DIV>
<DIV style="margin-top: 18pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    the date of the IPO, volatility of 137.3% and a risk-free
    interest rate of 0.19%. Because the units do not have a trading
    history, the volatility factor is based on information currently
    available to management. The volatility factor of 137.3% is the
    average volatility of various sample blank check companies that
    have completed a business combination and have at least two
    years of trading history. The Company&#146;s management believes
    that this volatility is a reasonable benchmark, given the
    uncertainty of the industry of the target business, to use in
    estimating the expected volatility for its common stock.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    The purchase option may be exercised for cash or on a
    &#147;cashless&#148; basis, at the holder&#146;s option, such
    that the holder may use the appreciated value of the purchase
    option (the difference between the exercise prices of the
    purchase option and the underlying Warrants and the market price
    of the Units and underlying securities) to exercise the purchase
    option without the payment of any cash. The Company will have no
    obligation to net cash settle the exercise of the purchase
    option or the Warrants underlying the purchase option. The
    holder of the purchase option will not be entitled to exercise
    the purchase option or the Warrants underlying the purchase
    option unless a registration statement covering the securities
    underlying the purchase option is effective or an exemption from
    a registration is available. If the holder is unable to exercise
    the purchase option or the underlying Warrants, the purchase
    option or Warrants, as applicable, will expire worthless.
</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

<TR>
    <TD width="8%"></TD>
    <TD width="92%"></TD>
</TR>

<TR valign="top">
    <TD>
    <B><FONT style="font-family: 'Times New Roman', Times">Note&#160;9&#160;&#151;
    </FONT></B>
</TD>
    <TD>
    <B><FONT style="font-family: 'Times New Roman', Times">Preferred
    stock</FONT></B>
</TD>
</TR>

</TABLE>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    The Company is authorized to issue 1,000,000&#160;shares of
    preferred stock with such designations, voting and other rights
    and preferences as may be determined from time to time by the
    Board of Directors. There were no preferred shares issued and
    outstanding as of June&#160;30, 2009.
</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

<TR>
    <TD width="9%"></TD>
    <TD width="91%"></TD>
</TR>

<TR valign="top">
    <TD>
    <B><FONT style="font-family: 'Times New Roman', Times">Note&#160;10&#160;&#151;
    </FONT></B>
</TD>
    <TD>
    <B><FONT style="font-family: 'Times New Roman', Times">Agreement
    and Plan of Merger</FONT></B>
</TD>
</TR>

</TABLE>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    On March&#160;31, 2009, the Company entered into an Agreement
    and Plan of Merger, Conversion and Share Exchange (the
    &#147;Share Exchange Agreement&#148;) with ID Arizona Corp., an
    Arizona corporation and wholly owned subsidiary of Ideation
    (&#147;ID Arizona&#148;), SearchMedia International Limited, an
    exempted company incorporated with limited liability in the
    Cayman Islands (&#147;SM Cayman&#148; or
    &#147;SearchMedia&#148;), the subsidiaries of SM Cayman, and
    Shanghai Jingli Advertising Co. Ltd. (&#147;Jingli
    Shanghai;&#148; and together with SM Cayman and its
    subsidiaries, the &#147;SearchMedia entities&#148; or &#147;SM
    entities&#148;), and certain shareholders and warrant holders of
    SM Cayman, among others (such shareholders, warrant holders and
    other parties, together with the SM entities, the
    &#147;SearchMedia parties&#148;).
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    The Share Exchange Agreement provides that, upon the terms and
    subject to the conditions set forth in the Share Exchange
    Agreement and following receipt of stockholder approval by the
    Company, the Company will complete a corporate reorganization
    that would result in holders of the Company&#146;s securities
    holding securities in SearchMedia Holdings Limited (&#147;ID
    Cayman&#148;), a Cayman Islands company, rather than in the
    Company, a Delaware corporation. The reorganization involves two
    steps. First, the Company will effect a merger, pursuant to
    which it will merge with and into ID Arizona, with ID Arizona
    surviving the merger. Second, after the merger, ID Arizona will
    become ID Cayman, a Cayman Islands company, pursuant to a
    conversion and continuation procedure under Arizona and Cayman
    Islands law. The reorganization will change the Company&#146;s
    place of incorporation from Delaware to the Cayman Islands. We
    refer to the entire two-step transaction as the
    &#147;redomestication.&#148; The redomestication will result in
    all of the Company issued and outstanding shares of common stock
    immediately prior to the redomestication converting into
    ordinary shares of ID Cayman, and all units, warrants and other
    rights to purchase the Company&#146;s common stock immediately
    prior to the redomestication being exchanged for substantially
    equivalent securities of ID Cayman.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    On May&#160;27, 2009, the Company entered into an amendment (the
    &#147;First Amendment&#148;) to the Share Exchange Agreement
    with Earl Yen, Tommy Cheung, Stephen Lau and Qinying Liu, as the
    SM Cayman
</DIV>

<P align="center" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <BR>
    F-34
</DIV><!-- END PAGE WIDTH -->
<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>

<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->

<DIV style="margin-top: 18pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">IDEATION
    ACQUISITION CORP.<BR>
    (a corporation in the development stage)<BR>
    <BR>
    NOTES TO CONDENSED CONSOLIDATED INTERIM FINANCIAL
    STATEMENTS&#160;&#151;&#160;(Continued)<BR>
    (unaudited)</FONT></B>
</DIV>
<DIV style="margin-top: 18pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    shareholders&#146; representatives. The First Amendment amends
    the Share Exchange Agreement to provide that the consent of
    Linden Ventures will be required in the event of any amendment
    to or waiver of any provision contained in certain sections of
    the Share Exchange Agreement that directly affect Linden
    Ventures or if any amendment or waiver disproportionately
    affects Linden Ventures relative to other SM Cayman security
    holders.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    In addition, the First Amendment provides for an amendment to
    the Memorandum and Articles of Association of ID Cayman
    following completion of the Business Combination to provide that
    the Series&#160;A preferred shares of ID Cayman shall be
    convertible, at the option of the holder, at any time after six
    months, rather than eighteen months, following the original
    issue date.
</DIV>


<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Immediately following the redomestication, ID Cayman will
    complete the business combination with the SearchMedia parties
    (the &#147;Business Combination&#148;) pursuant to which
    (i)&#160;after giving effect to conversion of the preferred
    shares of SM Cayman, at closing, ID Cayman will acquire
    98,652,365 ordinary shares of SM Cayman, representing 100% of
    the SM Cayman shares in issue; (ii)&#160;SM Cayman shareholders
    will receive 6,662,727 ordinary shares of ID Cayman;
    (iii)&#160;SM Cayman warrant holders will receive warrants to
    purchase 1,519,186 ordinary shares of ID Cayman; (iv)&#160;SM
    Cayman option holders will receive options to purchase 566,939
    ordinary shares of ID Cayman; (v)&#160;SM Cayman holders of
    restricted share awards will receive 261,179 restricted shares
    of ID Cayman; and (vi)&#160;certain holders of SM Cayman
    promissory notes will receive 1,712,874 ordinary shares of ID
    Cayman or, in certain circumstances described in the
    Company&#146;s proxy statement/prospectus, 1,712,874
    Series&#160;A preferred shares of ID Cayman and warrants to
    purchase 428,219 ordinary shares of ID Cayman. In addition, SM
    Cayman shareholders and warrant holders may receive up to an
    additional 10,150,352 ordinary shares pursuant to an earn-out
    provision in the Share Exchange Agreement. On the closing of the
    Business Combination, SM Cayman will be a wholly owned
    subsidiary of ID Cayman.
</DIV>


<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

<TR>
    <TD width="9%"></TD>
    <TD width="91%"></TD>
</TR>

<TR valign="top">
    <TD>
    <B><FONT style="font-family: 'Times New Roman', Times">Note&#160;11&#160;&#151;
    </FONT></B>
</TD>
    <TD>
    <B><FONT style="font-family: 'Times New Roman', Times">Going
    concern issues arising from the requirements of our certificate
    of incorporation</FONT></B>
</TD>
</TR>

</TABLE>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    The ability of the Company to continue as a going concern is
    dependent upon its ability to successfully complete a business
    combination by November&#160;19, 2009. The accompanying
    condensed consolidated interim financial statements do not
    include any adjustments that might be necessary if the Company
    is unable to continue as a going concern and is required to
    liquidate.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Our Amended and Restated Certificate of Incorporation provides
    that the Company will continue in existence only until
    November&#160;19, 2009. If the Company has not completed a
    business combination by such date, its corporate existence will
    cease except for the purposes of winding up our affairs and
    liquidating, pursuant to Section&#160;278 of the Delaware
    General Corporation Law. This has the same effect as if
    it&#146;s Board of Directors and Stockholders had formally voted
    to approve its dissolution pursuant to Section&#160;275 of the
    Delaware General Corporation Law. The Company views the
    provision terminating its corporate life by November&#160;19,
    2009 as an obligation to its stockholders. This provision will
    be amended only in connection with, and upon consummation of,
    its initial business combination by such date.
</DIV>

<P align="center" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <BR>
    F-35
</DIV><!-- END PAGE WIDTH -->
<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>

<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->
<A name='501'>
<DIV style="margin-top: 18pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">Report of
    Independent Registered Public Accounting Firm</FONT></B>
</DIV>
</A>
<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <FONT style="font-family: 'Times New Roman', Times">To the Board
    of Directors and Shareholders of
    </FONT>
</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    SearchMedia International Limited:
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    We have audited the accompanying consolidated balance sheets of
    SearchMedia International Limited and subsidiaries as of
    December&#160;31, 2007 and 2008 and the related consolidated
    statements of income, shareholders&#146; deficit/equity and
    comprehensive income, and cash flows for the period from
    February&#160;9, 2007 (date of inception) through
    December&#160;31, 2007 and for the year ended December&#160;31,
    2008. These financial statements are the responsibility of the
    Company&#146;s management. Our responsibility is to express an
    opinion on these financial statements based on our audits.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    We conducted our audits in accordance with the standards of the
    Public Company Accounting Oversight Board (United States). Those
    standards require that we plan and perform the audit to obtain
    reasonable assurance about whether the financial statements are
    free of material misstatement. An audit includes examining, on a
    test basis, evidence supporting the amounts and disclosures in
    the financial statements. An audit also includes assessing the
    accounting principles used and significant estimates made by
    management, as well as evaluating the overall financial
    statement presentation. We believe that our audits provide a
    reasonable basis for our opinion.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    In our opinion, the consolidated financial statements referred
    to above present fairly, in all material respects, the financial
    position of SearchMedia International Limited and subsidiaries
    as of December&#160;31, 2007 and 2008, and the results of their
    operations and their cash flows for the period from
    February&#160;9, 2007 (date of inception) through
    December&#160;31, 2007 and for the year ended December&#160;31,
    2008 in conformity with U.S.&#160;generally accepted accounting
    principles.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    The accompanying consolidated financial statements have been
    prepared assuming that the Company will continue as a going
    concern. As discussed in note&#160;1(b) to the consolidated
    financial statements, the Company&#146;s inability to generate
    sufficient cash flows to meet its payment obligations raises
    substantial doubt about its ability to continue as a going
    concern. Management&#146;s plans with regard to these matters
    are also described in note&#160;1(b). The consolidated financial
    statements do not include any adjustments that might result from
    the outcome of this uncertainty.
</DIV>

<DIV style="margin-top: 24pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    /s/ KPMG
</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Hong Kong, China
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    July&#160;14, 2009
</DIV>

<P align="center" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <BR>
    F-36
</DIV><!-- END PAGE WIDTH -->
<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>

<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->

<DIV align="center" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">SearchMedia
    International Limited<BR>
    </FONT></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <A name='502'><B><FONT style="font-family: 'Times New Roman', Times">Consolidated
    Balance Sheets<BR>
    </FONT></B>
</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    </A><B><FONT style="font-family: 'Times New Roman', Times">(Amounts
    in thousands, except share data)</FONT></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<TABLE border="0" width="100%" align="center" cellpadding="0" cellspacing="0" style="font-size: 8pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
<!-- Table Width Row BEGIN -->
<TR style="font-size: 1pt" valign="bottom">
    <TD width="73%">&nbsp;</TD>	<!-- colindex=01 type=maindata -->
    <TD width="1%">&nbsp;</TD>	<!-- colindex=02 type=gutter -->
    <TD width="1%" align="right">&nbsp;</TD>	<!-- colindex=02 type=lead -->
    <TD width="2%" align="right">&nbsp;</TD>	<!-- colindex=02 type=body -->
    <TD width="1%" align="left">&nbsp;</TD>	<!-- colindex=02 type=hang1 -->
    <TD width="2%">&nbsp;</TD>	<!-- colindex=03 type=gutter -->
    <TD width="1%" align="right">&nbsp;</TD>	<!-- colindex=03 type=lead -->
    <TD width="7%" align="right">&nbsp;</TD>	<!-- colindex=03 type=body -->
    <TD width="1%" align="left">&nbsp;</TD>	<!-- colindex=03 type=hang1 -->
    <TD width="2%">&nbsp;</TD>	<!-- colindex=04 type=gutter -->
    <TD width="1%" align="right">&nbsp;</TD>	<!-- colindex=04 type=lead -->
    <TD width="7%" align="right">&nbsp;</TD>	<!-- colindex=04 type=body -->
    <TD width="1%" align="left">&nbsp;</TD>	<!-- colindex=04 type=hang1 -->
</TR>
<!-- Table Width Row END -->
<TR style="font-size: 7pt" valign="bottom" align="center">
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>December&#160;31,<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>December&#160;31,<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR style="font-size: 7pt" valign="bottom" align="center">
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    <B>2007</B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    <B>2008</B>
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR style="font-size: 7pt" valign="bottom" align="center">
<TD nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>Note</B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>US$</B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>US$</B>
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR style="line-height: 3pt; font-size: 1pt">
<TD>&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD nowrap align="center" valign="bottom">
<DIV style="text-indent: -8pt; margin-left: 8pt">
    <B>Assets</B>
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -8pt; margin-left: 8pt">
    <I>Current assets:</I>
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -8pt; margin-left: 8pt">
    Cash
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    6,333
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    5,715
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -8pt; margin-left: 8pt">
    Restricted bank deposit
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    2
</TD>
<TD nowrap align="left" valign="bottom">
    (d)
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    4,000
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD align="left" valign="bottom">
<DIV style="text-indent: -8pt; margin-left: 8pt">
    Accounts receivable, net of allowance for doubtful accounts
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    4
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    4,820
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    37,008
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -8pt; margin-left: 8pt">
    Amounts due from related parties
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    11
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    311
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    11,493
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD align="left" valign="bottom">
<DIV style="text-indent: -8pt; margin-left: 8pt">
    Prepaid expenses and other current assets
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    5
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    1,398
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    11,944
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -8pt; margin-left: 8pt">
    Deferred tax assets
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    15
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    580
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="font-size: 1pt">
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD align="left" valign="bottom">
<DIV style="text-indent: -8pt; margin-left: 16pt">
    <B>Total current assets</B>
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    <B>16,862</B>
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    <B>66,740</B>
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -8pt; margin-left: 8pt">
    Rental deposits
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    163
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    169
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD align="left" valign="bottom">
<DIV style="text-indent: -8pt; margin-left: 8pt">
    Property and equipment, net
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    6
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    4,389
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    7,255
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -8pt; margin-left: 8pt">
    Deposits for acquisitions
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    2,290
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    6,229
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD align="left" valign="bottom">
<DIV style="text-indent: -8pt; margin-left: 8pt">
    Intangible assets, net
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    7
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    81
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    5,235
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -8pt; margin-left: 8pt">
    Goodwill
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    7
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    444
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    26,148
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD align="left" valign="bottom">
<DIV style="text-indent: -8pt; margin-left: 8pt">
    Deferred tax assets
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    15
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    6
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="font-size: 1pt">
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -8pt; margin-left: 16pt">
    <B>Total assets</B>
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    <B>24,235</B>
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    <B>111,776</B>
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="font-size: 1pt">
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD align="center" valign="bottom">
<DIV style="text-indent: -8pt; margin-left: 16pt">
    <B>Liabilities, redeemable convertible preferred shares and
    shareholders&#146; (deficit)/equity</B>
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -8pt; margin-left: 8pt">
    <I>Current liabilities:</I>
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -8pt; margin-left: 8pt">
    Short-term borrowings
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    8
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    2,084
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    1,856
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -8pt; margin-left: 8pt">
    Promissory notes
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    9
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    15,000
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -8pt; margin-left: 8pt">
    Accounts payable
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    499
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    8,701
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -8pt; margin-left: 8pt">
    Accrued expenses and other payables
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    10
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    1,383
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    13,218
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD align="left" valign="bottom">
<DIV style="text-indent: -8pt; margin-left: 8pt">
    Acquisition consideration payable
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    15,203
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -8pt; margin-left: 8pt">
    Amounts due to related parties
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    11
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    717
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -8pt; margin-left: 8pt">
    Deferred revenue
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    236
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    3,301
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -8pt; margin-left: 8pt">
    Income taxes payable
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    971
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    9,787
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="font-size: 1pt">
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD align="left" valign="bottom">
<DIV style="text-indent: -8pt; margin-left: 16pt">
    <B>Total current liabilities</B>
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    <B>5,173</B>
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    <B>67,783</B>
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -8pt; margin-left: 8pt">
    Deferred tax liabilities
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    15
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    19
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    1,297
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="font-size: 1pt">
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -8pt; margin-left: 16pt">
    <B>Total liabilities</B>
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    <B>5,192</B>
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    <B>69,080</B>
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -8pt; margin-left: 8pt">
    Series&#160;B redeemable convertible preferred shares:
    US$0.0001&#160;par value; 36,363,635&#160;shares authorized,
    issued and outstanding as of December&#160;31, 2007 and 2008
    (Redemption value US$32,364)
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    12
</TD>
<TD nowrap align="left" valign="bottom">
    (b)
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    19,734
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    24,906
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="font-size: 1pt">
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD align="left" valign="bottom">
<DIV style="text-indent: -8pt; margin-left: 8pt">
    Series&#160;C redeemable convertible preferred shares:
    US$0.0001&#160;par value; nil share authorized, issued and
    outstanding as of December&#160;31, 2007 and
    40,000,000&#160;shares authorized, 4,845,276&#160;shares issued
    and outstanding as of December&#160;31, 2008 (Redemption value
    US$13,975)
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    9 , 12
</TD>
<TD nowrap align="left" valign="bottom">
    (c)
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    12,918
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="font-size: 1pt">
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -8pt; margin-left: 8pt">
    <I>Shareholders&#146; (deficit)/equity:</I>
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD align="left" valign="bottom">
<DIV style="text-indent: -8pt; margin-left: 8pt">
    Series&#160;A convertible preferred shares: US$0.0001&#160;par
    value; 20,000,000&#160;shares authorized, 10,000,000&#160;shares
    issued and outstanding as of December&#160;31, 2007 and 2008
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    12
</TD>
<TD nowrap align="left" valign="bottom">
    (a)
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    722
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    722
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -8pt; margin-left: 8pt">
    Ordinary shares: US$0.0001&#160;par value;
    443,636,365&#160;shares authorized, 32,119,500&#160;shares
    issued and outstanding as of December&#160;31, 2007 and 2008
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    13
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    3
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    3
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD align="left" valign="bottom">
<DIV style="text-indent: -8pt; margin-left: 8pt">
    Additional paid-in capital
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    2,083
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -8pt; margin-left: 8pt">
    Accumulated other comprehensive income
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    309
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    2,064
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD align="left" valign="bottom">
<DIV style="text-indent: -8pt; margin-left: 8pt">
    (Accumulated deficit)/retained earnings
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    (1,725
</TD>
<TD nowrap align="left" valign="bottom">
    )
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="font-size: 1pt">
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -8pt; margin-left: 8pt">
    <B>Total shareholders&#146; (deficit)/equity</B>
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    <B>(691</B>
</TD>
<TD nowrap align="left" valign="bottom">
    <B>)</B>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    <B>4,872</B>
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="font-size: 1pt">
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD align="left" valign="bottom">
<DIV style="text-indent: -8pt; margin-left: 8pt">
    Commitments and contingencies
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    18
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -8pt; margin-left: 8pt">
    <B>Total liabilities, redeemable convertible preferred shares
    and shareholders&#146; (deficit)/equity</B>
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    <B>24,235</B>
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    <B>111,776</B>
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="font-size: 1pt">
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
</TABLE>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">

</DIV>

<DIV style="margin-top: 3pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    See accompanying notes to consolidated financial statements.
</DIV>

<P align="center" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <BR>
    F-37
</DIV><!-- END PAGE WIDTH -->
<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>

<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->

<DIV align="center" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">SearchMedia
    International Limited<BR>
    </FONT></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <A name='503'><B><FONT style="font-family: 'Times New Roman', Times">Consolidated
    Statements of Income<BR>
    </FONT></B>
</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    </A><B><FONT style="font-family: 'Times New Roman', Times">(Amounts
    in thousands)</FONT></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<TABLE border="0" width="100%" align="center" cellpadding="0" cellspacing="0" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
<!-- Table Width Row BEGIN -->
<TR style="font-size: 1pt" valign="bottom">
    <TD width="61%">&nbsp;</TD>	<!-- colindex=01 type=maindata -->
    <TD width="2%">&nbsp;</TD>	<!-- colindex=02 type=gutter -->
    <TD width="1%" align="right">&nbsp;</TD>	<!-- colindex=02 type=lead -->
    <TD width="1%" align="right">&nbsp;</TD>	<!-- colindex=02 type=body -->
    <TD width="1%" align="left">&nbsp;</TD>	<!-- colindex=02 type=hang1 -->
    <TD width="3%">&nbsp;</TD>	<!-- colindex=03 type=gutter -->
    <TD width="1%" align="right">&nbsp;</TD>	<!-- colindex=03 type=lead -->
    <TD width="16%" align="right">&nbsp;</TD>	<!-- colindex=03 type=body -->
    <TD width="1%" align="left">&nbsp;</TD>	<!-- colindex=03 type=hang1 -->
    <TD width="3%">&nbsp;</TD>	<!-- colindex=04 type=gutter -->
    <TD width="1%" align="right">&nbsp;</TD>	<!-- colindex=04 type=lead -->
    <TD width="8%" align="right">&nbsp;</TD>	<!-- colindex=04 type=body -->
    <TD width="1%" align="left">&nbsp;</TD>	<!-- colindex=04 type=hang1 -->
</TR>
<!-- Table Width Row END -->
<TR style="font-size: 8pt" valign="bottom" align="center">
<TD nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>Period from February&#160;9,<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom" align="center">
<TD nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>2007 (date of<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom" align="center">
<TD nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>inception) through<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>Year ended<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom" align="center">
<TD nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>December&#160;31,<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>December&#160;31,<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom" align="center">
<TD nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    <B>2007</B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    <B>2008</B>
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom" align="center">
<TD nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>Note</B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>US$</B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>US$</B>
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR style="line-height: 3pt; font-size: 1pt">
<TD>&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Advertising service revenues
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    11
</TD>
<TD nowrap align="left" valign="bottom">
    (a)
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    7,828
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    88,637
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Cost of revenues
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    (2,451
</TD>
<TD nowrap align="left" valign="bottom">
    )
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    (46,674
</TD>
<TD nowrap align="left" valign="bottom">
    )
</TD>
</TR>
<TR valign="bottom" style="font-size: 1pt">
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    <B>Gross profit</B>
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    <B>5,377</B>
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    <B>41,963</B>
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Sales and marketing expenses
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    (293
</TD>
<TD nowrap align="left" valign="bottom">
    )
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    (7,397
</TD>
<TD nowrap align="left" valign="bottom">
    )
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    General and administrative expenses
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    (2,555
</TD>
<TD nowrap align="left" valign="bottom">
    )
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    (11,727
</TD>
<TD nowrap align="left" valign="bottom">
    )
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Loss on deconsolidation of a variable interest entity
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    1
</TD>
<TD nowrap align="left" valign="bottom">
    (b)
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    (358
</TD>
<TD nowrap align="left" valign="bottom">
    )
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="font-size: 1pt">
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    <B>Income from operations</B>
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    <B>2,171</B>
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    <B>22,839</B>
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Interest income
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    5
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    131
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Interest expense
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    14
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    (43
</TD>
<TD nowrap align="left" valign="bottom">
    )
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    (8,922
</TD>
<TD nowrap align="left" valign="bottom">
    )
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Decrease in fair value of Note Warrant liability
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    9
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    482
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Loss on extinguishment of the Notes
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    9
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    (3,218
</TD>
<TD nowrap align="left" valign="bottom">
    )
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Foreign currency exchange loss, net
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    (35
</TD>
<TD nowrap align="left" valign="bottom">
    )
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    (167
</TD>
<TD nowrap align="left" valign="bottom">
    )
</TD>
</TR>
<TR valign="bottom" style="font-size: 1pt">
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    <B>Income before income taxes</B>
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    <B>2,098</B>
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    <B>11,145</B>
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Income tax expense
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    15
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    (850
</TD>
<TD nowrap align="left" valign="bottom">
    )
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    (6,802
</TD>
<TD nowrap align="left" valign="bottom">
    )
</TD>
</TR>
<TR valign="bottom" style="font-size: 1pt">
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    <B>Net income</B>
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    <B>1,248</B>
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    <B>4,343</B>
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="font-size: 1pt">
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
</TABLE>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">

</DIV>

<DIV style="margin-top: 3pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    See accompanying notes to consolidated financial statements.
</DIV>

<P align="center" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <BR>
    F-38
</DIV><!-- END PAGE WIDTH -->
<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>

<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->

<DIV align="center" style="margin-left: 0%; margin-right: 0%; font-size: 9pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">SearchMedia
    International Limited<BR>
    </FONT></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; font-size: 9pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <A name='504'><B><FONT style="font-family: 'Times New Roman', Times">Consolidated
    Statements of Shareholders&#146; (Deficit)/Equity and
    Comprehensive Income<BR>
    </FONT></B>
</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; font-size: 9pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    </A><B><FONT style="font-family: 'Times New Roman', Times">(Amounts
    in thousands, except share data)</FONT></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<TABLE border="0" width="100%" align="center" cellpadding="0" cellspacing="0" style="font-size: 5pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
<!-- Table Width Row BEGIN -->
<TR style="font-size: 1pt" valign="bottom">
    <TD width="36%">&nbsp;</TD>	<!-- colindex=01 type=maindata -->
    <TD width="1%">&nbsp;</TD>	<!-- colindex=02 type=gutter -->
    <TD width="1%" align="right">&nbsp;</TD>	<!-- colindex=02 type=lead -->
    <TD width="1%" align="right">&nbsp;</TD>	<!-- colindex=02 type=body -->
    <TD width="1%" align="left">&nbsp;</TD>	<!-- colindex=02 type=hang1 -->
    <TD width="1%">&nbsp;</TD>	<!-- colindex=03 type=gutter -->
    <TD width="1%" align="right">&nbsp;</TD>	<!-- colindex=03 type=lead -->
    <TD width="3%" align="right">&nbsp;</TD>	<!-- colindex=03 type=body -->
    <TD width="1%" align="left">&nbsp;</TD>	<!-- colindex=03 type=hang1 -->
    <TD width="1%">&nbsp;</TD>	<!-- colindex=04 type=gutter -->
    <TD width="1%" align="right">&nbsp;</TD>	<!-- colindex=04 type=lead -->
    <TD width="2%" align="right">&nbsp;</TD>	<!-- colindex=04 type=body -->
    <TD width="1%" align="left">&nbsp;</TD>	<!-- colindex=04 type=hang1 -->
    <TD width="1%">&nbsp;</TD>	<!-- colindex=05 type=gutter -->
    <TD width="1%" align="right">&nbsp;</TD>	<!-- colindex=05 type=lead -->
    <TD width="3%" align="right">&nbsp;</TD>	<!-- colindex=05 type=body -->
    <TD width="1%" align="left">&nbsp;</TD>	<!-- colindex=05 type=hang1 -->
    <TD width="1%">&nbsp;</TD>	<!-- colindex=06 type=gutter -->
    <TD width="1%" align="right">&nbsp;</TD>	<!-- colindex=06 type=lead -->
    <TD width="2%" align="right">&nbsp;</TD>	<!-- colindex=06 type=body -->
    <TD width="1%" align="left">&nbsp;</TD>	<!-- colindex=06 type=hang1 -->
    <TD width="1%">&nbsp;</TD>	<!-- colindex=07 type=gutter -->
    <TD width="1%" align="right">&nbsp;</TD>	<!-- colindex=07 type=lead -->
    <TD width="3%" align="right">&nbsp;</TD>	<!-- colindex=07 type=body -->
    <TD width="1%" align="left">&nbsp;</TD>	<!-- colindex=07 type=hang1 -->
    <TD width="1%">&nbsp;</TD>	<!-- colindex=08 type=gutter -->
    <TD width="1%" align="right">&nbsp;</TD>	<!-- colindex=08 type=lead -->
    <TD width="5%" align="right">&nbsp;</TD>	<!-- colindex=08 type=body -->
    <TD width="1%" align="left">&nbsp;</TD>	<!-- colindex=08 type=hang1 -->
    <TD width="1%">&nbsp;</TD>	<!-- colindex=09 type=gutter -->
    <TD width="1%" align="right">&nbsp;</TD>	<!-- colindex=09 type=lead -->
    <TD width="6%" align="right">&nbsp;</TD>	<!-- colindex=09 type=body -->
    <TD width="1%" align="left">&nbsp;</TD>	<!-- colindex=09 type=hang1 -->
    <TD width="1%">&nbsp;</TD>	<!-- colindex=10 type=gutter -->
    <TD width="1%" align="right">&nbsp;</TD>	<!-- colindex=10 type=lead -->
    <TD width="5%" align="right">&nbsp;</TD>	<!-- colindex=10 type=body -->
    <TD width="1%" align="left">&nbsp;</TD>	<!-- colindex=10 type=hang1 -->
    <TD width="1%">&nbsp;</TD>	<!-- colindex=11 type=gutter -->
    <TD width="1%" align="right">&nbsp;</TD>	<!-- colindex=11 type=lead -->
    <TD width="5%" align="right">&nbsp;</TD>	<!-- colindex=11 type=body -->
    <TD width="1%" align="left">&nbsp;</TD>	<!-- colindex=11 type=hang1 -->
</TR>
<!-- Table Width Row END -->
<TR style="font-size: 5pt" valign="bottom" align="center">
<TD nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="6" nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="6" nowrap align="center" valign="bottom">
    <B>Series A convertible<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>Accumulated<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR style="font-size: 5pt" valign="bottom" align="center">
<TD nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="6" nowrap align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    <B>Ordinary shares</B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="6" nowrap align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    <B>preferred shares</B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>Additional<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>other<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>(Accumulated<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>Total<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR style="font-size: 5pt" valign="bottom" align="center">
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>Number of<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>Number of<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>paid-in<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>comprehensive<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>deficit)/retained<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>shareholders&#146;<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>Comprehensive<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR style="font-size: 5pt" valign="bottom" align="center">
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    <B>shares</B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    <B>Amount</B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    <B>shares</B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    <B>Amount</B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    <B>capital</B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    <B>income</B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    <B>earnings</B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    <B>(deficit)/equity</B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    <B>income</B>
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR style="font-size: 5pt" valign="bottom" align="center">
<TD nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>Note</B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    <B>US$</B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    <B>US$</B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    <B>US$</B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    <B>US$</B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    <B>US$</B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    <B>US$</B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    <B>US$</B>
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR style="line-height: 3pt; font-size: 1pt">
<TD>&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD align="left" valign="bottom" style="font-size: 8pt">
<DIV style="text-indent: -5pt; margin-left: 5pt">
    Balance as of February&#160;9, 2007 (date of inception)
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom" style="font-size: 8pt">
<DIV style="text-indent: -6pt; margin-left: 6pt">
    Issuance of ordinary shares to the respective owners of Sige,
    Dale and Conghui
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
    1
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
    (b)
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
    39,900,000
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
    &#160;&#160;&#160;&#160;4
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
    1,205
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
    1,209
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
<DIV style="text-indent: -6pt; margin-left: 6pt">
    Net income
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
    1,248
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
    1,248
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
    1,248
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom" style="font-size: 8pt">
<DIV style="text-indent: -6pt; margin-left: 6pt">
    Foreign currency exchange translation adjustment
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
    309
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
    309
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
    309
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="font-size: 1pt">
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
<DIV style="text-indent: -6pt; margin-left: 11pt">
    <B>Comprehensive income</B>
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
    <B>1,557</B>
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="font-size: 1pt">
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom" style="font-size: 8pt">
<DIV style="text-indent: -6pt; margin-left: 6pt">
    Repurchase and cancellation of ordinary shares
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
    13
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
    (7,780,500
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
    )
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
    (1
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
    )
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
    (235
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
    )
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
    (2,876
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
    )
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
    (3,112
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
    )
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD align="left" valign="bottom" style="font-size: 8pt">
<DIV style="text-indent: -6pt; margin-left: 6pt">
    Issuance of Series&#160;A convertible preferred shares and
    warrants, net of issuance costs of US$85
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
    12
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
    (a)
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
    10,000,000
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
    722
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
    193
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
    915
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom" style="font-size: 8pt">
<DIV style="text-indent: -6pt; margin-left: 6pt">
    Issuance of warrants in connection with issuance of
    Series&#160;B redeemable convertible preferred shares, net of
    issuance costs of US$32
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
    12
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
    (b)
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
    386
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
    386
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD align="left" valign="bottom" style="font-size: 8pt">
<DIV style="text-indent: -6pt; margin-left: 6pt">
    Accretion to Series&#160;B redeemable convertible preferred
    shares redemption value
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
    12
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
    (b)
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
    (1,549
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
    )
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
    (97
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
    )
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
    (1,646
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
    )
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="font-size: 1pt">
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom" style="font-size: 8pt">
<DIV style="text-indent: -6pt; margin-left: 6pt">
    <B>Balance as of December&#160;31, 2007</B>
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
    <B>32,119,500</B>
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
    <B>3</B>
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
    <B>10,000,000</B>
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
    <B>722</B>
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
    <B>309</B>
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
    <B>(1,725</B>
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
    <B>)</B>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
    <B>(691</B>
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
    <B>)</B>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
<DIV style="text-indent: -6pt; margin-left: 6pt">
    Net income
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
    4,343
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
    4,343
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
    4,343
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom" style="font-size: 8pt">
<DIV style="text-indent: -6pt; margin-left: 6pt">
    Foreign currency exchange translation adjustment
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
    1,755
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
    1,755
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
    1,755
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="font-size: 1pt">
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
<DIV style="text-indent: -6pt; margin-left: 11pt">
    <B>Comprehensive income</B>
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
    <B>6,098</B>
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="font-size: 1pt">
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom" style="font-size: 8pt">
<DIV style="text-indent: -6pt; margin-left: 6pt">
    Convertible note beneficial conversion feature
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
    9
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
    5,100
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
    5,100
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD align="left" valign="bottom" style="font-size: 8pt">
<DIV style="text-indent: -6pt; margin-left: 6pt">
    Extinguishment of the Notes
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
    9
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
    (1,182
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
    )
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
    (1,182
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
    )
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom" style="font-size: 8pt">
<DIV style="text-indent: -6pt; margin-left: 6pt">
    Accretion to Series&#160;B redeemable convertible preferred
    shares redemption value
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
    12
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
    (b)
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
    (2,554
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
    )
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
    (2,618
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
    )
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
    (5,172
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
    )
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD align="left" valign="bottom" style="font-size: 8pt">
<DIV style="text-indent: -6pt; margin-left: 6pt">
    Accretion to Series&#160;C redeemable convertible preferred
    shares redemption value
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
    12
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
    (c)
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
    (1,635
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
    )
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
    (1,635
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
    )
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
<DIV style="text-indent: -6pt; margin-left: 6pt">
    Share-based compensation
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
    16
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
    2,354
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
    2,354
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="font-size: 1pt">
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD align="left" valign="bottom" style="font-size: 8pt">
<DIV style="text-indent: -6pt; margin-left: 6pt">
    <B>Balance as of December&#160;31, 2008</B>
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
    <B>32,119,500</B>
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
    <B>3</B>
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
    <B>10,000,000</B>
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
    <B>722</B>
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
    <B>2,083</B>
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
    <B>2,064</B>
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
    <B>4,872</B>
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="font-size: 1pt">
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
</TABLE>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">

</DIV>

<DIV style="margin-top: 3pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    See accompanying notes to consolidated financial statements.
</DIV>

<P align="center" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <BR>
    F-39
</DIV><!-- END PAGE WIDTH -->
<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>

<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->

<DIV align="center" style="margin-left: 0%; margin-right: 0%; font-size: 9pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">SearchMedia
    International Limited<BR>
    </FONT></B>
</DIV>

<DIV style="margin-top: 5pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; font-size: 9pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <A name='505'><B><FONT style="font-family: 'Times New Roman', Times">Consolidated
    Statements of Cash Flows<BR>
    </FONT></B>
</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; font-size: 9pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    </A><B><FONT style="font-family: 'Times New Roman', Times">(Amounts
    in thousands)</FONT></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<TABLE border="0" width="100%" align="center" cellpadding="0" cellspacing="0" style="font-size: 7pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
<!-- Table Width Row BEGIN -->
<TR style="font-size: 1pt" valign="bottom">
    <TD width="81%">&nbsp;</TD>	<!-- colindex=01 type=maindata -->
    <TD width="1%">&nbsp;</TD>	<!-- colindex=02 type=gutter -->
    <TD width="1%" align="right">&nbsp;</TD>	<!-- colindex=02 type=lead -->
    <TD width="7%" align="right">&nbsp;</TD>	<!-- colindex=02 type=body -->
    <TD width="1%" align="left">&nbsp;</TD>	<!-- colindex=02 type=hang1 -->
    <TD width="2%">&nbsp;</TD>	<!-- colindex=03 type=gutter -->
    <TD width="1%" align="right">&nbsp;</TD>	<!-- colindex=03 type=lead -->
    <TD width="5%" align="right">&nbsp;</TD>	<!-- colindex=03 type=body -->
    <TD width="1%" align="left">&nbsp;</TD>	<!-- colindex=03 type=hang1 -->
</TR>
<!-- Table Width Row END -->
<TR style="font-size: 7pt" valign="bottom" align="center">
<TD nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>Period from<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR style="font-size: 7pt" valign="bottom" align="center">
<TD nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>February&#160;9,<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR style="font-size: 7pt" valign="bottom" align="center">
<TD nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>2007 (date of<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR style="font-size: 7pt" valign="bottom" align="center">
<TD nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>inception) through<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>Year ended<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR style="font-size: 7pt" valign="bottom" align="center">
<TD nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>December&#160;31,<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>December&#160;31,<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR style="font-size: 7pt" valign="bottom" align="center">
<TD nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    <B>2007</B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    <B>2008</B>
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR style="font-size: 7pt" valign="bottom" align="center">
<TD nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>US$</B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>US$</B>
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR style="line-height: 3pt; font-size: 1pt">
<TD>&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
<DIV style="text-indent: -7pt; margin-left: 7pt">
    <B>Net income</B>
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
    <B>1,248</B>
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
    <B>4,343</B>
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom" style="font-size: 8pt">
<DIV style="text-indent: -8pt; margin-left: 8pt">
    <I>Adjustments to reconcile net income to net cash used in
    operating activities:</I>
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD align="left" valign="bottom" style="font-size: 8pt">
<DIV style="text-indent: -8pt; margin-left: 8pt">
    Depreciation and amortization of property and equipment
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
    108
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
    1,188
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom" style="font-size: 8pt">
<DIV style="text-indent: -8pt; margin-left: 8pt">
    Amortization of intangible assets
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
    218
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
    3,465
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
<DIV style="text-indent: -8pt; margin-left: 8pt">
    Share-based compensation
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
    2,354
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom" style="font-size: 8pt">
<DIV style="text-indent: -8pt; margin-left: 8pt">
    Amortization of discount on convertible promissory notes
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
    7,200
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD align="left" valign="bottom" style="font-size: 8pt">
<DIV style="text-indent: -8pt; margin-left: 8pt">
    Deferred tax benefit
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
    (65
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
    )
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
    (1,414
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
    )
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom" style="font-size: 8pt">
<DIV style="text-indent: -8pt; margin-left: 8pt">
    Loss on deconsolidation of a variable interest entity
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
    358
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD align="left" valign="bottom" style="font-size: 8pt">
<DIV style="text-indent: -8pt; margin-left: 8pt">
    Decrease in fair value of Note Warrant liability
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
    (482
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
    )
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom" style="font-size: 8pt">
<DIV style="text-indent: -8pt; margin-left: 8pt">
    Loss on extinguishment of the Notes
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
    3,218
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD align="left" valign="bottom" style="font-size: 8pt">
<DIV style="text-indent: -8pt; margin-left: 8pt">
    <I>Changes in operating assets and liabilities, net of effect of
    consolidation of Sige, Dale and Conghui and deconsolidation of
    Conghui for 2007 and net of effect of acquisitions for 2008:</I>
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
<DIV style="text-indent: -8pt; margin-left: 8pt">
    Accounts receivable
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
    (4,165
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
    )
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
    (30,026
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
    )
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD align="left" valign="bottom" style="font-size: 8pt">
<DIV style="text-indent: -8pt; margin-left: 8pt">
    Prepaid expenses, rental deposits and other current assets
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
    (1,476
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
    )
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
    (7,713
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
    )
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom" style="font-size: 8pt">
<DIV style="text-indent: -8pt; margin-left: 8pt">
    Amounts due from related parties
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
    13
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
    (11,472
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
    )
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
<DIV style="text-indent: -8pt; margin-left: 8pt">
    Accounts payable
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
    357
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
    7,171
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom" style="font-size: 8pt">
<DIV style="text-indent: -8pt; margin-left: 8pt">
    Accrued expenses and other payables
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
    793
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
    8,548
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD align="left" valign="bottom" style="font-size: 8pt">
<DIV style="text-indent: -8pt; margin-left: 8pt">
    Amounts due to related parties
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
    (44
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
    )
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
<DIV style="text-indent: -8pt; margin-left: 8pt">
    Deferred revenue
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
    124
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
    1,977
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD align="left" valign="bottom" style="font-size: 8pt">
<DIV style="text-indent: -8pt; margin-left: 8pt">
    Income taxes payable
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
    822
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
    7,965
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="font-size: 1pt">
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom" style="font-size: 8pt">
<DIV style="text-indent: -8pt; margin-left: 8pt">
    <B>Net cash used in operating activities</B>
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
    <B>(1,665</B>
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
    <B>)</B>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
    <B>(3,722</B>
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
    <B>)</B>
</TD>
</TR>
<TR valign="bottom" style="font-size: 1pt">
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD align="left" valign="bottom" style="font-size: 8pt">
<DIV style="text-indent: -8pt; margin-left: 8pt">
    <B>Cash flows from investing activities</B>
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom" style="font-size: 8pt">
<DIV style="text-indent: -8pt; margin-left: 8pt">
    Purchase of property and equipment
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
    (4,328
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
    )
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
    (3,410
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
    )
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD align="left" valign="bottom" style="font-size: 8pt">
<DIV style="text-indent: -8pt; margin-left: 8pt">
    Amounts due from related parties
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
    (195
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
    )
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom" style="font-size: 8pt">
<DIV style="text-indent: -8pt; margin-left: 8pt">
    Cash acquired upon the consolidation of Sige, Dale and Conghui
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
    328
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD align="left" valign="bottom" style="font-size: 8pt">
<DIV style="text-indent: -8pt; margin-left: 8pt">
    Cash disposed upon the deconsolidation of Conghui
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
    (80
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
    )
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom" style="font-size: 8pt">
<DIV style="text-indent: -8pt; margin-left: 8pt">
    Cash paid for acquisitions, net of cash acquired
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
    (2,290
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
    )
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
    (18,681
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
    )
</TD>
</TR>
<TR valign="bottom" style="font-size: 1pt">
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD align="left" valign="bottom" style="font-size: 8pt">
<DIV style="text-indent: -8pt; margin-left: 8pt">
    <B>Net cash used in investing activities</B>
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
    <B>(6,370</B>
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
    <B>)</B>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
    <B>(22,286</B>
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
    <B>)</B>
</TD>
</TR>
<TR valign="bottom" style="font-size: 1pt">
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom" style="font-size: 8pt">
<DIV style="text-indent: -8pt; margin-left: 8pt">
    <B>Cash flows from financing activities</B>
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD align="left" valign="bottom" style="font-size: 8pt">
<DIV style="text-indent: -8pt; margin-left: 8pt">
    (Increase)/decrease in restricted bank deposit
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
    (4,000
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
    )
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
    4,000
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom" style="font-size: 8pt">
<DIV style="text-indent: -8pt; margin-left: 8pt">
    Proceeds from short-term borrowings
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
    3,428
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
    1,856
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD align="left" valign="bottom" style="font-size: 8pt">
<DIV style="text-indent: -8pt; margin-left: 8pt">
    Repayment of short-term borrowings
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
    (1,344
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
    )
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
    (2,084
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
    )
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom" style="font-size: 8pt">
<DIV style="text-indent: -8pt; margin-left: 8pt">
    Proceeds from issuance of ordinary shares
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
    4
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD align="left" valign="bottom" style="font-size: 8pt">
<DIV style="text-indent: -8pt; margin-left: 8pt">
    Payment for repurchase of ordinary shares
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
    (3,112
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
    )
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom" style="font-size: 8pt">
<DIV style="text-indent: -8pt; margin-left: 8pt">
    Proceeds from issuance of Series&#160;A convertible preferred
    shares and warrants, net of issuance costs of US$85 paid
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
    915
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD align="left" valign="bottom" style="font-size: 8pt">
<DIV style="text-indent: -8pt; margin-left: 8pt">
    Proceeds from issuance of Series&#160;B redeemable convertible
    preferred shares and warrants, net of issuance costs of US$1,526
    paid
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
    18,474
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom" style="font-size: 8pt">
<DIV style="text-indent: -8pt; margin-left: 8pt">
    Proceeds from issuance of Series&#160;C redeemable convertible
    preferred shares, net of issuance costs of US$739 paid
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
    9,261
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD align="left" valign="bottom" style="font-size: 8pt">
<DIV style="text-indent: -8pt; margin-left: 8pt">
    Proceeds from issuance of convertible promissory notes and
    warrants
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
    12,000
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="font-size: 1pt">
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom" style="font-size: 8pt">
<DIV style="text-indent: -8pt; margin-left: 8pt">
    <B>Net cash provided by financing activities</B>
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
    <B>14,365</B>
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
    <B>25,033</B>
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="font-size: 1pt">
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD align="left" valign="bottom" style="font-size: 8pt">
<DIV style="text-indent: -8pt; margin-left: 8pt">
    <B>Effect of foreign currency exchange rate changes on cash</B>
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
    3
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
    357
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="font-size: 1pt">
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom" style="font-size: 8pt">
<DIV style="text-indent: -8pt; margin-left: 8pt">
    <B>Net increase/(decrease) in cash</B>
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
    <B>6,333</B>
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
    <B>(618</B>
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
    <B>)</B>
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD align="left" valign="bottom" style="font-size: 8pt">
<DIV style="text-indent: -8pt; margin-left: 8pt">
    Cash at beginning of period/year
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
    6,333
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="font-size: 1pt">
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom" style="font-size: 8pt">
<DIV style="text-indent: -8pt; margin-left: 8pt">
    <B>Cash at end of period/year</B>
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
    <B>6,333</B>
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
    <B>5,715</B>
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="font-size: 1pt">
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD align="left" valign="bottom" style="font-size: 8pt">
<DIV style="text-indent: -8pt; margin-left: 8pt">
    <B>Supplemental cash flow information:</B>
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
<DIV style="text-indent: -8pt; margin-left: 8pt">
    Interest paid
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
    20
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
    57
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD align="left" valign="bottom" style="font-size: 8pt">
<DIV style="text-indent: -8pt; margin-left: 8pt">
    Income tax paid
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
    14
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
    251
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom" style="font-size: 8pt">
<DIV style="text-indent: -8pt; margin-left: 8pt">
    Non-cash investing transactions:
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD align="left" valign="bottom" style="font-size: 8pt">
<DIV style="text-indent: -8pt; margin-left: 15pt">
    Acquisition consideration payable
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
    15,203
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom" style="font-size: 8pt">
<DIV style="text-indent: -8pt; margin-left: 15pt">
    Payable in connection with purchase of property and equipment
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
    44
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD align="left" valign="bottom" style="font-size: 8pt">
<DIV style="text-indent: -8pt; margin-left: 8pt">
    Non-cash financing transactions:
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom" style="font-size: 8pt">
<DIV style="text-indent: -8pt; margin-left: 15pt">
    Issuance costs payable in respect of Series&#160;C redeemable
    convertible preferred shares
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom" style="font-size: 8pt">
    98
</TD>
<TD nowrap align="left" valign="bottom" style="font-size: 8pt">
&nbsp;
</TD>
</TR>
</TABLE>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">

</DIV>

<DIV style="margin-top: 3pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    See accompanying notes to consolidated financial statements.
</DIV>

<P align="center" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <BR>
    F-40
</DIV><!-- END PAGE WIDTH -->
<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>

<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->

<DIV align="center" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">SearchMedia
    International Limited<BR>
    </FONT></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <A name='506'><B><FONT style="font-family: 'Times New Roman', Times">Notes
    to Consolidated Financial Statements</FONT></B></A>
</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    </A><B>(Amounts in thousands, except share data)</B>
</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

<TR>
    <TD width="3%"></TD>
    <TD width="97%"></TD>
</TR>

<TR valign="top">
    <TD>
    <B><FONT style="font-family: 'Times New Roman', Times">1.&#160;&#160;</FONT></B>
</TD>
    <TD>
    <B><FONT style="font-family: 'Times New Roman', Times">Principal
    activities, organization and basis of presentation</FONT></B>
</TD>
</TR>

</TABLE>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

<TR>
    <TD width="4%"></TD>
    <TD width="96%"></TD>
</TR>

<TR valign="top">
    <TD>
    <B><I><FONT style="font-family: 'Times New Roman', Times">(a)&#160;&#160;</FONT></I></B>
</TD>
    <TD>
    <B><I><FONT style="font-family: 'Times New Roman', Times">Principal
    activities</FONT></I></B>
</TD>
</TR>

</TABLE>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    SearchMedia International Limited (the &#147;Company&#148;) is a
    holding company and, through its subsidiaries and consolidated
    variable interest entities (&#147;VIEs&#148;) (collectively the
    &#147;Group&#148;), is principally engaged in the provision of
    advertising services using primarily poster and digital frames
    that are placed inside elevators in residential and commercial
    buildings, light boxes and outdoor billboards primarily in the
    People&#146;s Republic of China (&#147;PRC&#148;).
</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

<TR>
    <TD width="4%"></TD>
    <TD width="96%"></TD>
</TR>

<TR valign="top">
    <TD>
    <B><I><FONT style="font-family: 'Times New Roman', Times">(b)&#160;&#160;</FONT></I></B>
</TD>
    <TD>
    <B><I><FONT style="font-family: 'Times New Roman', Times">Organization
    and basis of presentation</FONT></I></B>
</TD>
</TR>

</TABLE>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    During the period from February&#160;9, 2007 (date of inception)
    to October&#160;31, 2007, the Company&#146;s consolidated VIEs
    consisted of Shanghai Sige Advertising and Media Co. Ltd.
    (&#147;Sige&#148;), Shenzhen Dale Advertising Co., Ltd.
    (&#147;Dale&#148;), Beijing Conghui Advertising Co., Ltd.
    (&#147;Conghui&#148;) and Shanghai Jingli Advertising Co., Ltd.
    (&#147;Jingli&#148;). Sige was incorporated in Shanghai
    Municipality of the PRC on June&#160;8, 2005. Dale was
    incorporated in Shenzhen city of the PRC on April&#160;28, 2005.
    Conghui was incorporated in Beijing Municipality of the PRC on
    December&#160;23, 2002.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    On February&#160;9, 2007, the respective owners of Sige, Dale
    and Conghui incorporated the Company in the Cayman Islands as
    part of a series of transactions to effect the reorganization as
    described below (the &#147;Reorganization&#148;). The purpose of
    the Reorganization was to combine the businesses of Sige, Dale
    and Conghui (the &#147;Businesses&#148;) into a single entity to
    facilitate foreign investors to invest in the Company as the
    current PRC laws do not allow direct foreign investment or
    ownership in advertising companies in the PRC.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    As part of the Reorganization, 16,159,500, 15,162,000 and
    8,578,500 ordinary shares were issued at par value to the
    respective owners of Sige, Dale and Conghui, representing 40.5%,
    38.0% and 21.5%, respectively, of the equity interest in the
    Company in exchange for the control and economic benefits of the
    Businesses to be transferred to the Company. On June&#160;1,
    2007, to complete the transfer of the control of the Businesses,
    the Company incorporated Jieli Investment Management Consulting
    (Shanghai) Co., Ltd. (&#147;Jieli Consulting&#148;), which in
    turn entered into contractual agreements with each of the
    respective owners of Sige, Dale, Conghui on June&#160;4, 2007.
    The terms of these agreements resulted in the Company, through
    its wholly-owned subsidiary, Jieli Consulting, bearing all the
    economic risks and receiving all the economic benefits from the
    Businesses and controlling the financing and operating affairs
    with respect to the Businesses. In accordance with Financial
    Accounting Standards Board (&#147;FASB&#148;) Interpretation
    No.&#160;46(R), &#147;<I>Consolidation of Variable Interest
    Entities</I>&#148; (&#147;FIN&#160;46R&#148;), the financial
    statements of Sige, Dale, and Conghui were consolidated by the
    Company in its consolidated financial statements effective from
    June&#160;4, 2007, being the date the Company first became the
    primary beneficiary when the contractual arrangements were
    agreed and signed by all relevant parties.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    The fair value of the Company&#146;s ordinary shares issued to
    the respective owners of Sige, Dale and Conghui in exchange for
    the control of the Businesses was determined to be US$488,
    US$458 and US$259 respectively, based on a valuation performed
    on a retrospective basis by an independent valuation firm. The
    fair value of the net identifiable assets and liabilities of
    Sige, Dale and Conghui was US$64, US$671 and US$292
    respectively, which was based on a valuation performed by an
    independent valuation firm using the multiple period excess
    earnings method. Accordingly, goodwill of US$424 was recognized
    upon the consolidation of Sige, which relates to the assembled
    work force of Sige and the leadership of Sige&#146;s owner who
    became the chairperson of the Company, and negative goodwill of
    US$213 and US$33 upon consolidation of Dale and Conghui,
    respectively, was allocated as a pro rata reduction of the
    amounts assigned to non-current assets of Dale and Conghui. The
    goodwill recognized in connection with the consolidation of Sige
    is not deductible for tax purpose. The goodwill related to Sige
    is allocated to the Jingli reporting unit. The following table
    summarizes the fair value of the net identifiable assets and
    liabilities of Sige, Dale and
</DIV>

<P align="center" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <BR>
    F-41
</DIV><!-- END PAGE WIDTH -->
<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>

<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->

<DIV style="margin-top: 18pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">SearchMedia
    International Limited<BR>
    </FONT></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">Notes to
    Consolidated Financial
    Statements&#160;&#151;&#160;(Continued)<BR>
    </FONT></B>
</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">(Amounts
    in thousands, except share data)</FONT></B>
</DIV>
<DIV style="margin-top: 18pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Conghui as of June&#160;4, 2007. The fair value of the ordinary
    shares issued was recorded as a credit to additional paid-in
    capital.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<TABLE border="0" width="100%" align="center" cellpadding="0" cellspacing="0" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
<!-- Table Width Row BEGIN -->
<TR style="font-size: 1pt" valign="bottom">
    <TD width="68%">&nbsp;</TD>	<!-- colindex=01 type=maindata -->
    <TD width="2%">&nbsp;</TD>	<!-- colindex=02 type=gutter -->
    <TD width="1%" align="right">&nbsp;</TD>	<!-- colindex=02 type=lead -->
    <TD width="2%" align="right">&nbsp;</TD>	<!-- colindex=02 type=body -->
    <TD width="1%" align="left">&nbsp;</TD>	<!-- colindex=02 type=hang1 -->
    <TD width="3%">&nbsp;</TD>	<!-- colindex=03 type=gutter -->
    <TD width="1%" align="right">&nbsp;</TD>	<!-- colindex=03 type=lead -->
    <TD width="2%" align="right">&nbsp;</TD>	<!-- colindex=03 type=body -->
    <TD width="1%" align="left">&nbsp;</TD>	<!-- colindex=03 type=hang1 -->
    <TD width="3%">&nbsp;</TD>	<!-- colindex=04 type=gutter -->
    <TD width="1%" align="right">&nbsp;</TD>	<!-- colindex=04 type=lead -->
    <TD width="5%" align="right">&nbsp;</TD>	<!-- colindex=04 type=body -->
    <TD width="1%" align="left">&nbsp;</TD>	<!-- colindex=04 type=hang1 -->
    <TD width="3%">&nbsp;</TD>	<!-- colindex=05 type=gutter -->
    <TD width="1%" align="right">&nbsp;</TD>	<!-- colindex=05 type=lead -->
    <TD width="4%" align="right">&nbsp;</TD>	<!-- colindex=05 type=body -->
    <TD width="1%" align="left">&nbsp;</TD>	<!-- colindex=05 type=hang1 -->
</TR>
<!-- Table Width Row END -->
<TR style="font-size: 8pt" valign="bottom" align="center">
<TD nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    <B>Sige</B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    <B>Dale</B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    <B>Conghui</B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    <B>Total</B>
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom" align="center">
<TD nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>US$</B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>US$</B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>US$</B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>US$</B>
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR style="line-height: 3pt; font-size: 1pt">
<TD>&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Cash
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    18
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    147
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    163
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    328
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Accounts receivable, net of allowance for doubtful accounts
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    194
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    335
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    254
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    783
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Prepaid expenses and other current assets
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    8
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    84
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    416
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    508
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Amounts due from related parties
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    87
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    221
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    281
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    589
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Equipment
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    18
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    4
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    14
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    36
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Customer relationship
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    52
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    5
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    32
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    89
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Lease agreements
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    160
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    15
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    70
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    245
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Deferred tax assets
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    7
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    7
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="font-size: 1pt">
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 20pt">
    Total tangible and intangible assets acquired
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    537
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    818
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    1,230
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    2,585
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Accounts payable
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    (28
</TD>
<TD nowrap align="left" valign="bottom">
    )
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    (81
</TD>
<TD nowrap align="left" valign="bottom">
    )
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    (29
</TD>
<TD nowrap align="left" valign="bottom">
    )
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    (138
</TD>
<TD nowrap align="left" valign="bottom">
    )
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Accrued expenses and other payables
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    (284
</TD>
<TD nowrap align="left" valign="bottom">
    )
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    (181
</TD>
<TD nowrap align="left" valign="bottom">
    )
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    (395
</TD>
<TD nowrap align="left" valign="bottom">
    )
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    (860
</TD>
<TD nowrap align="left" valign="bottom">
    )
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Deferred revenue
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    (80
</TD>
<TD nowrap align="left" valign="bottom">
    )
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    (20
</TD>
<TD nowrap align="left" valign="bottom">
    )
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    (17
</TD>
<TD nowrap align="left" valign="bottom">
    )
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    (117
</TD>
<TD nowrap align="left" valign="bottom">
    )
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Income taxes payable
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    (16
</TD>
<TD nowrap align="left" valign="bottom">
    )
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    (74
</TD>
<TD nowrap align="left" valign="bottom">
    )
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    (498
</TD>
<TD nowrap align="left" valign="bottom">
    )
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    (588
</TD>
<TD nowrap align="left" valign="bottom">
    )
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Deferred tax liabilities
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    (65
</TD>
<TD nowrap align="left" valign="bottom">
    )
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    (4
</TD>
<TD nowrap align="left" valign="bottom">
    )
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    (32
</TD>
<TD nowrap align="left" valign="bottom">
    )
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    (101
</TD>
<TD nowrap align="left" valign="bottom">
    )
</TD>
</TR>
<TR valign="bottom" style="font-size: 1pt">
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 20pt">
    Total liabilities assumed
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    (473
</TD>
<TD nowrap align="left" valign="bottom">
    )
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    (360
</TD>
<TD nowrap align="left" valign="bottom">
    )
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    (971
</TD>
<TD nowrap align="left" valign="bottom">
    )
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    (1,804
</TD>
<TD nowrap align="left" valign="bottom">
    )
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Goodwill
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    424
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    424
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="font-size: 1pt">
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    <B>Fair value of consideration</B>
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    <B>488</B>
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    <B>458</B>
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    <B>259</B>
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    <B>1,205</B>
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="font-size: 1pt">
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
</TABLE>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">

</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    As part of the Reorganization, Jingli was incorporated in
    Shanghai Municipality of the PRC by the legal owners of Sige and
    Dale on August&#160;3, 2007, which in turn entered into
    contractual agreements with Jieli Consulting. The terms of the
    contractual arrangements between Jingli and Jieli Consulting are
    similar to those between Jieli Consulting and each of Sige, Dale
    and Conghui. Jingli was incorporated to assume all the
    advertising business contracts of Sige, Dale and Conghui.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    In August 2007, the Company completed the private placement of
    Series&#160;B redeemable convertible preferred shares to foreign
    investors (see note 12(b)). In connection with the issuance of
    Series&#160;B redeemable convertible preferred shares and as
    part of the Series&#160;B investment terms agreed by the foreign
    investors, the Company repurchased 7,780,500 ordinary shares
    previously issued to the owner of Conghui at US$0.40 per share.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Effective October&#160;31, 2007, Jieli Consulting and the owner
    of Conghui terminated the contractual agreements entered into on
    June&#160;4, 2007 because of disagreements between the
    Company&#146;s management team and the owner of Conghui on the
    Company&#146;s future business plans and strategies. As a
    result, effective October&#160;31, 2007, the Company no longer
    was the primary beneficiary of Conghui.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Although the Company could have demanded compensation and
    consideration from the legal owner of Conghui for the residual
    returns it originally received through the date of the contract
    termination, the Company&#146;s shareholders and management team
    decided not to do so having considered that the costs of doing
    so would be excessive. Accordingly, a loss of US$358 was
    recorded in the consolidated statement of income for the period
    from February&#160;9, 2007 (date of inception) through
    December&#160;31, 2007 upon the deconsolidation
</DIV>

<P align="center" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <BR>
    F-42
</DIV><!-- END PAGE WIDTH -->
<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>

<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->

<DIV style="margin-top: 18pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">SearchMedia
    International Limited<BR>
    </FONT></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">Notes to
    Consolidated Financial
    Statements&#160;&#151;&#160;(Continued)<BR>
    </FONT></B>
</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">(Amounts
    in thousands, except share data)</FONT></B>
</DIV>
<DIV style="margin-top: 18pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    of Conghui on October&#160;31, 2007. The assets and liabilities
    of Conghui as of October&#160;31, 2007 were as follows:
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<TABLE border="0" width="100%" align="center" cellpadding="0" cellspacing="0" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
<!-- Table Width Row BEGIN -->
<TR style="font-size: 1pt" valign="bottom">
    <TD width="94%">&nbsp;</TD>	<!-- colindex=01 type=maindata -->
    <TD width="2%">&nbsp;</TD>	<!-- colindex=02 type=gutter -->
    <TD width="1%" align="right">&nbsp;</TD>	<!-- colindex=02 type=lead -->
    <TD width="2%" align="right">&nbsp;</TD>	<!-- colindex=02 type=body -->
    <TD width="1%" align="left">&nbsp;</TD>	<!-- colindex=02 type=hang1 -->
</TR>
<!-- Table Width Row END -->
<TR style="font-size: 8pt" valign="bottom" align="center">
<TD nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>US$</B>
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR style="line-height: 3pt; font-size: 1pt">
<TD>&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Cash
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    80
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Accounts receivable, net of allowance for doubtful accounts
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    323
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Prepaid expenses and other current assets
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    486
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Amounts due from related parties
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    282
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Equipment, net
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    11
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Customer relationship
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    5
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Lease agreements
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    40
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Accounts payable
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    (29
</TD>
<TD nowrap align="left" valign="bottom">
    )
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Accrued expenses and other payables
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    (329
</TD>
<TD nowrap align="left" valign="bottom">
    )
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Deferred revenue
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    (17
</TD>
<TD nowrap align="left" valign="bottom">
    )
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Income taxes payable
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    (481
</TD>
<TD nowrap align="left" valign="bottom">
    )
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Deferred tax liabilities
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    (13
</TD>
<TD nowrap align="left" valign="bottom">
    )
</TD>
</TR>
<TR valign="bottom" style="font-size: 1pt">
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    <B>Net assets deconsolidated</B>
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    <B>358</B>
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="font-size: 1pt">
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
</TABLE>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">

</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    On January&#160;16, 2008, the Company incorporated Jieli Network
    Technology Development (Shanghai) Co., Ltd. (&#147;Jieli
    Network&#148;) as a wholly-owned subsidiary in the PRC. On
    April&#160;9, 2008, the Company incorporated Great Talent
    Holdings Limited (&#147;Great Talent&#148;) as a wholly-owned
    subsidiary in the Hong Kong Special Administrative Region of the
    PRC (&#147;HKSAR&#148;). Jieli Network provides technical
    advisory services to the Group&#146;s consolidated variable
    interest entities. Great Talent has not had business operation
    since its inception.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    During the year ended December&#160;31, 2008, the Group expanded
    its advertising services and locations by acquiring 100% equity
    interest of the following advertising businesses.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<TABLE border="0" width="100%" align="center" cellpadding="0" cellspacing="0" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
<!-- Table Width Row BEGIN -->
<TR style="font-size: 1pt" valign="bottom">
    <TD width="80%">&nbsp;</TD>	<!-- colindex=01 type=maindata -->
    <TD width="2%">&nbsp;</TD>	<!-- colindex=02 type=gutter -->
    <TD width="18%">&nbsp;</TD>	<!-- colindex=02 type=maindata -->
</TR>
<!-- Table Width Row END -->
<TR style="font-size: 8pt" valign="bottom" align="center">
<TD nowrap align="left" valign="bottom">
<DIV style="border-bottom: 1px solid #000000; width: 1%; padding-bottom: 1px">
    <B>Name of entity</B>
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    <B>Place of incorporation</B>
</TD>
</TR>
<TR style="line-height: 3pt; font-size: 1pt">
<TD>&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Shanghai Jincheng Advertising Co., Ltd.&#160;
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="bottom">
    PRC
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Shaanxi Xinshichuang Advertising Planning Co., Ltd.&#160;
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="bottom">
    PRC
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Beijing Wanshuizhiyuan Advertising Co., Ltd.&#160;
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="bottom">
    PRC
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Shenyang Xicheng Advertising Co., Ltd.&#160;
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="bottom">
    PRC
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Qingdao Kaixiang Advertising Co., Ltd.&#160;
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="bottom">
    PRC
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Shanghai Haiya Advertising Co., Ltd.&#160;
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="bottom">
    PRC
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Tianjin Shengshitongda Advertising Creativity Co., Ltd.&#160;
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="bottom">
    PRC
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Beijing Youluo Advertising Co., Ltd.&#160;
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="bottom">
    PRC
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Ad-Icon Company Limited
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="bottom">
    HKSAR
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Changsha Jingli Advertising Co., Ltd.&#160;
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="bottom">
    PRC
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Wenzhou Rigao Advertising Co., Ltd.&#160;
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="bottom">
    PRC
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Wuxi Ruizhong Advertising Co., Ltd.&#160;
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="bottom">
    PRC
</TD>
</TR>
</TABLE>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">

</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Further details of the acquisitions are set out in note&#160;3.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    The accompanying consolidated financial statements have been
    prepared assuming that the Company will continue as a going
    concern, which contemplates the realization of assets and the
    liquidation of liabilities in the normal course of business. For
    the period from February&#160;9, 2007 (date of inception)
    through December&#160;31,
</DIV>

<P align="center" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <BR>
    F-43
</DIV><!-- END PAGE WIDTH -->
<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>

<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->

<DIV style="margin-top: 18pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">SearchMedia
    International Limited<BR>
    </FONT></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">Notes to
    Consolidated Financial
    Statements&#160;&#151;&#160;(Continued)<BR>
    </FONT></B>
</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">(Amounts
    in thousands, except share data)</FONT></B>
</DIV>
<DIV style="margin-top: 18pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    2007 and for the year ended December&#160;31, 2008, the
    Company&#146;s cash flows used in operating activities were
    US$1,665 and US$3,722, respectively.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Because the Company has been unable to generate net cash from
    operating activities, it has relied principally on cash provided
    by financing activities, primarily proceeds from the issuance of
    Series&#160;A convertible preferred shares, Series&#160;B
    redeemable convertible preferred shares, Series&#160;C
    redeemable convertible preferred shares, and convertible and
    interim promissory notes to fund its working capital
    requirements, repay its obligations when they become due,
    including payments for its acquisitions in 2008.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    As discussed in note&#160;9, on September&#160;17, 2008, the
    Company issued a new promissory note of US$15,000 in exchange
    for the Notes (see note&#160;9)&#160;which matures upon the
    earlier of (i)&#160;the closing of a new equity financing by the
    Company; (ii)&#160;the closing of a reverse recapitalization
    transaction with a Special Purpose Acquisition Company pursuant
    to a plan of merger, conversion and share exchange agreement
    (the &#147;Share Exchange Agreement&#148;) and (iii)&#160;the
    termination of the Share Exchange Agreement. Pursuant to the
    Share Exchange Agreement executed on March&#160;31, 2009, if the
    reverse recapitalization transaction is approved by the
    shareholders of the Special Purpose Acquisition Company,
    US$10,000 of the outstanding new promissory note shall be
    converted into either preferred shares or ordinary shares of the
    Special Purpose Acquisition Company as of the Closing Date (see
    note&#160;9)&#160;and the remaining outstanding balance of
    US$5,000 and all accrued and unpaid interest on the principal
    sum of US$15,000 as of the Closing Date shall be paid in cash to
    the investor of the new promissory note. In addition, as
    discussed in note&#160;21(b), on March&#160;19, 2009, the
    Company issued interim notes of US$3,500, which matures upon the
    earlier of (i)&#160;the closing of a new equity financing by the
    Company; and (ii)&#160;the closing of a reverse recapitalization
    transaction with the Special Purpose Acquisition Company
    pursuant to the Share Exchange Agreement. Pursuant to the Share
    Exchange Agreement executed on March&#160;31, 2009, if the
    reverse recapitalization transaction is approved by the
    shareholders of the Special Purpose Acquisition Company, the
    principal amount outstanding under these interim notes as of the
    Closing Date shall be converted into either preferred shares or
    ordinary shares of the Special Purpose Acquisition Company.
    Further, as discussed in note&#160;3, the Company entered into a
    number of business acquisitions in 2008, many of which require
    contingent consideration payable in cash based on the
    acquirees&#146; future earnings. The Company has been in
    discussions with various investors to raise additional capital
    through the issuance of equity securities or debt instruments in
    order to repay the promissory notes, to fund the payment
    obligations arising from the business acquisitions consummated
    in 2008 and to fund the operations of its operating VIEs in the
    PRC. In addition, the Company is undergoing a reverse
    recapitalization transaction with a Special Purpose Acquisition
    Company that it believes will provide the necessary financing to
    repay these obligations.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    The Company&#146;s ability to continue as a going concern is
    dependent on many events outside of its direct control,
    including, among other things, approval of the reverse
    recapitalization transaction with the Special Purpose
    Acquisition Company by the shareholders of that entity;
    obtaining additional financing from investors; and its ability
    to successfully negotiate an extended payment term of the
    promissory notes if the reverse recapitalization transaction is
    not completed. The Company&#146;s inability to generate cash
    flows to meet its obligations due to the uncertainty of the
    approval of the reverse recapitalization transaction, and the
    uncertainty of raising additional capital, among other factors,
    raises substantial doubt as to the Company&#146;s ability to
    continue as a going concern. The accompanying consolidated
    financial statements do not include any adjustments that might
    result from the outcome of this uncertainty.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    The accompanying consolidated financial statements of the
    Company have been prepared in accordance with accounting
    principles generally accepted in the United States of America
    (&#147;U.S.&#160;GAAP&#148;). This basis of accounting differs
    in certain material respects from that used for the preparation
    of the statutory books of the Company&#146;s consolidated
    subsidiaries and VIEs, which are prepared in accordance with the
    accounting principles and the relevant financial regulations
    applicable in the place of domicile of the respective entities
    in
</DIV>

<P align="center" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <BR>
    F-44
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<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>

<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->

<DIV style="margin-top: 18pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">SearchMedia
    International Limited<BR>
    </FONT></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">Notes to
    Consolidated Financial
    Statements&#160;&#151;&#160;(Continued)<BR>
    </FONT></B>
</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">(Amounts
    in thousands, except share data)</FONT></B>
</DIV>
<DIV style="margin-top: 18pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    the Group. The accompanying consolidated financial statements
    reflect necessary adjustments not recorded in the statutory
    books of account of the Company&#146;s consolidated subsidiaries
    and VIEs to present them in conformity with U.S.&#160;GAAP.
</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

<TR>
    <TD width="4%"></TD>
    <TD width="96%"></TD>
</TR>

<TR valign="top">
    <TD>
    <B><I><FONT style="font-family: 'Times New Roman', Times">(c)&#160;&#160;</FONT></I></B>
</TD>
    <TD>
    <B><I><FONT style="font-family: 'Times New Roman', Times">Significant
    concentrations and risks</FONT></I></B>
</TD>
</TR>

</TABLE>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    For the year ended December&#160;31, 2008, except for an
    advertising agency customer which contributed 13% of the
    Group&#146;s advertising service revenues, none of the
    Group&#146;s customers individually contributed more than 10% of
    the Group&#146;s advertising service revenues. For the period
    from February&#160;9, 2007 (date of inception) through
    December&#160;31, 2007, none of the Group&#146;s customers
    individually contributed more than 10% of the Group&#146;s
    advertising service revenues.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Except for an advertising agency customer which accounted for
    13% of the Group&#146;s accounts receivable as of
    December&#160;31, 2008, no individual customer accounted for
    more than 10% of accounts receivable as of December&#160;31,
    2008. None of the Group&#146;s customers individually accounted
    for more than 10% of the Group&#146;s accounts receivable as of
    December&#160;31, 2007.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    As of December&#160;31, 2007, 70% of the Group&#146;s total cash
    and bank deposit was placed with a financial institution in the
    HKSAR which is affiliated with one of the holders of
    Series&#160;B redeemable convertible preferred shares. There is
    no concentration of cash and bank deposit as of
    December&#160;31, 2008.
</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

<TR>
    <TD width="3%"></TD>
    <TD width="97%"></TD>
</TR>

<TR valign="top">
    <TD>
    <B><FONT style="font-family: 'Times New Roman', Times">2.&#160;&#160;</FONT></B>
</TD>
    <TD>
    <B><FONT style="font-family: 'Times New Roman', Times">Summary
    of significant accounting policies</FONT></B>
</TD>
</TR>

</TABLE>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

<TR>
    <TD width="4%"></TD>
    <TD width="96%"></TD>
</TR>

<TR valign="top">
    <TD>
    <B><I><FONT style="font-family: 'Times New Roman', Times">(a)&#160;&#160;</FONT></I></B>
</TD>
    <TD>
    <B><I><FONT style="font-family: 'Times New Roman', Times">Principles
    of consolidation</FONT></I></B>
</TD>
</TR>

</TABLE>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    The accompanying consolidated financial statements include the
    financial statements of the Company, its subsidiaries and
    consolidated VIEs. Also, the accompanying consolidated financial
    statements for the period ended December&#160;31, 2007 included
    the results of operations of Conghui for the period from
    June&#160;4, 2007 to October&#160;31, 2007, which is the date
    the contractual agreements were terminated between Jieli
    Consulting and Conghui as referred to in note&#160;1(b). For the
    period from June&#160;4, 2007 to October&#160;31, 2007, the
    revenues and income from operations of Conghui were US$604 and
    US$147, respectively. All significant intercompany balances and
    transactions have been eliminated upon consolidation.
</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

<TR>
    <TD width="4%"></TD>
    <TD width="96%"></TD>
</TR>

<TR valign="top">
    <TD>
    <B><I><FONT style="font-family: 'Times New Roman', Times">(b)&#160;&#160;</FONT></I></B>
</TD>
    <TD>
    <B><I><FONT style="font-family: 'Times New Roman', Times">Use of
    estimates</FONT></I></B>
</TD>
</TR>

</TABLE>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    The preparation of financial statements in accordance with
    U.S.&#160;GAAP requires the Company&#146;s management to make
    estimates and assumptions relating to the reported amounts of
    assets and liabilities and the disclosure of contingent assets
    and liabilities at the date of the consolidated financial
    statements and the reported amounts of revenue and expenses
    during the reporting period. Significant items subject to such
    estimates and assumptions include the allowance for doubtful
    receivables; useful lives and residual values of property and
    equipment and intangible assets; recoverability of the carrying
    amount of property and equipment, goodwill and intangible
    assets; fair values of financial instruments; the fair values of
    the assets acquired and liabilities assumed upon the
    consolidation of Sige, Dale and Conghui in 2007 and businesses
    acquired in 2008; and the assessment of contingent obligations.
    These estimates are often based on complex judgments and
    assumptions that management believes to be reasonable but are
    inherently uncertain and unpredictable. Actual results could
    differ from these estimates.
</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

<TR>
    <TD width="4%"></TD>
    <TD width="96%"></TD>
</TR>

<TR valign="top">
    <TD>
    <B><I><FONT style="font-family: 'Times New Roman', Times">(c)&#160;&#160;</FONT></I></B>
</TD>
    <TD>
    <B><I><FONT style="font-family: 'Times New Roman', Times">Foreign
    currency transactions and translation</FONT></I></B>
</TD>
</TR>

</TABLE>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    The Group&#146;s reporting currency is the United States dollars
    (&#147;US$&#148;). The functional currency of the Company is the
    US$, whereas the functional currency of the Company&#146;s
    subsidiaries and consolidated VIEs in the PRC is the Renminbi
    (&#147;RMB&#148;) and the functional currency of the
    Company&#146;s subsidiaries in the HKSAR
</DIV>

<P align="center" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <BR>
    F-45
</DIV><!-- END PAGE WIDTH -->
<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>

<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->

<DIV style="margin-top: 18pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">SearchMedia
    International Limited<BR>
    </FONT></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">Notes to
    Consolidated Financial
    Statements&#160;&#151;&#160;(Continued)<BR>
    </FONT></B>
</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">(Amounts
    in thousands, except share data)</FONT></B>
</DIV>
<DIV style="margin-top: 18pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    is the Hong Kong Dollars (&#147;HK$&#148;), as the PRC and HKSAR
    are the primary economic environments in which the respective
    entities operate. Since the RMB is not a fully convertible
    currency, all foreign exchange transactions involving RMB must
    take place either through the People&#146;s Bank of China (the
    &#147;PBOC&#148;) or other institutions authorized to buy and
    sell foreign exchange. The exchange rates adopted for the
    foreign exchange transactions are the rates of exchange quoted
    by the PBOC.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Transactions denominated in currencies other than the functional
    currency are translated into the respective functional currency
    at the exchange rate prevailing at the date of the transaction.
    Monetary assets and liabilities denominated in a currency other
    than the functional currency are translated into the functional
    currency using the applicable exchange rate at each balance
    sheet date. The resulting exchange differences are recorded in
    &#147;foreign currency exchange loss, net&#148; in the
    consolidated statements of income.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    The assets and liabilities of the Company&#146;s subsidiaries
    and consolidated VIEs are translated into the US$ reporting
    currency using the exchange rate at each balance sheet date.
    Revenue and expenses of these entities are translated into US$
    at average rates prevailing during the year. Gains and losses
    resulting from translation of these entities&#146; financial
    statements into the US$ reporting currency are recorded as a
    separate component of accumulated other comprehensive income
    within shareholders&#146; deficit/equity.
</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

<TR>
    <TD width="4%"></TD>
    <TD width="96%"></TD>
</TR>

<TR valign="top">
    <TD>
    <B><I><FONT style="font-family: 'Times New Roman', Times">(d)&#160;&#160;</FONT></I></B>
</TD>
    <TD>
    <B><I><FONT style="font-family: 'Times New Roman', Times">Cash
    and restricted bank deposit</FONT></I></B>
</TD>
</TR>

</TABLE>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Cash consists of cash on hand and cash in bank accounts. Cash
    that is restricted as to withdrawal for use or pledged as
    security is disclosed separately on the face of the balance
    sheet, and is not included in cash in the consolidated
    statements of cash flows. Restricted deposit of US$4,000 as of
    December&#160;31, 2007 represented a bank deposit for securing a
    short-term bank loan. The restriction on the bank deposit was
    released upon the repayment of the bank loan in January 2008.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    As of December&#160;31, 2007 and 2008, the Group&#146;s cash and
    bank deposit were held in major financial institutions located
    in the PRC and the HKSAR, which management believes have high
    credit ratings. Cash and restricted bank deposit held in the PRC
    and the HKSAR as of December&#160;31, 2007 and 2008 were as
    follows:
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<TABLE border="0" width="100%" align="center" cellpadding="0" cellspacing="0" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
<!-- Table Width Row BEGIN -->
<TR style="font-size: 1pt" valign="bottom">
    <TD width="43%">&nbsp;</TD>	<!-- colindex=01 type=maindata -->
    <TD width="2%">&nbsp;</TD>	<!-- colindex=02 type=gutter -->
    <TD width="1%" align="right">&nbsp;</TD>	<!-- colindex=02 type=lead -->
    <TD width="11%" align="right">&nbsp;</TD>	<!-- colindex=02 type=body -->
    <TD width="1%" align="left">&nbsp;</TD>	<!-- colindex=02 type=hang1 -->
    <TD width="3%">&nbsp;</TD>	<!-- colindex=03 type=gutter -->
    <TD width="1%" align="right">&nbsp;</TD>	<!-- colindex=03 type=lead -->
    <TD width="8%" align="right">&nbsp;</TD>	<!-- colindex=03 type=body -->
    <TD width="1%" align="left">&nbsp;</TD>	<!-- colindex=03 type=hang1 -->
    <TD width="3%">&nbsp;</TD>	<!-- colindex=04 type=gutter -->
    <TD width="1%" align="right">&nbsp;</TD>	<!-- colindex=04 type=lead -->
    <TD width="11%" align="right">&nbsp;</TD>	<!-- colindex=04 type=body -->
    <TD width="1%" align="left">&nbsp;</TD>	<!-- colindex=04 type=hang1 -->
    <TD width="3%">&nbsp;</TD>	<!-- colindex=05 type=gutter -->
    <TD width="1%" align="right">&nbsp;</TD>	<!-- colindex=05 type=lead -->
    <TD width="8%" align="right">&nbsp;</TD>	<!-- colindex=05 type=body -->
    <TD width="1%" align="left">&nbsp;</TD>	<!-- colindex=05 type=hang1 -->
</TR>
<!-- Table Width Row END -->
<TR style="font-size: 7pt" valign="bottom" align="center">
<TD nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="14" align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    <B>December&#160;31,</B>
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR style="font-size: 7pt" valign="bottom" align="center">
<TD nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="6" align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    <B>2007</B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="6" align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    <B>2008</B>
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR style="font-size: 7pt" valign="bottom" align="center">
<TD nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>Original currency</B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>US$ equivalent</B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>Original currency</B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>US$ equivalent</B>
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR style="line-height: 3pt; font-size: 1pt">
<TD>&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Cash held in the PRC
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    RMB19,152
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    2,627
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    RMB37,952
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    5,553
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    US$
</TD>
<TD nowrap align="right" valign="bottom">
    518
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    518
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    US$
</TD>
<TD nowrap align="right" valign="bottom">
    2
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    2
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Cash held in the HKSAR
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    US$
</TD>
<TD nowrap align="right" valign="bottom">
    3,188
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    3,188
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    US$
</TD>
<TD nowrap align="right" valign="bottom">
    17
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    17
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    HK$
</TD>
<TD nowrap align="right" valign="bottom">
    1,111
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    143
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Restricted bank deposit held in the HKSAR
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    US$
</TD>
<TD nowrap align="right" valign="bottom">
    4,000
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    4,000
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
</TABLE>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">

</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

<TR>
    <TD width="4%"></TD>
    <TD width="96%"></TD>
</TR>

<TR valign="top">
    <TD>
    <B><I><FONT style="font-family: 'Times New Roman', Times">(e)&#160;&#160;</FONT></I></B>
</TD>
    <TD>
    <B><I><FONT style="font-family: 'Times New Roman', Times">Accounts
    receivable</FONT></I></B>
</TD>
</TR>

</TABLE>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Accounts receivable consist of amounts billed and unbilled
    receivables. Unbilled receivables relate to revenues earned and
    recognized, but which have not been billed by the Group in
    accordance with the terms of the advertising service contract.
    The payment terms of the Group&#146;s service contracts with its
    customers vary and typically require an initial payment to be
    billed or paid at the commencement of the service period,
    progress payments to be billed during the service period, and a
    final payment to be billed after the completion of the service
    period. None of the Group&#146;s accounts receivable bear
    interest. The allowance for doubtful accounts is
    management&#146;s best estimate of the amount of probable credit
    losses in the Group&#146;s existing accounts receivable.
    Management determines the allowance based on historical
    write-off experience and
</DIV>

<P align="center" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <BR>
    F-46
</DIV><!-- END PAGE WIDTH -->
<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>

<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->

<DIV style="margin-top: 18pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">SearchMedia
    International Limited<BR>
    </FONT></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">Notes to
    Consolidated Financial
    Statements&#160;&#151;&#160;(Continued)<BR>
    </FONT></B>
</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">(Amounts
    in thousands, except share data)</FONT></B>
</DIV>
<DIV style="margin-top: 18pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    review of customer specific facts and economic conditions.
    Account balances are charged off against the allowance after all
    means of collection have been exhausted and the potential for
    recovery is considered remote. The Group does not have any
    off-balance-sheet credit exposure related to its customers.
</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

<TR>
    <TD width="4%"></TD>
    <TD width="96%"></TD>
</TR>

<TR valign="top">
    <TD>
    <B><I><FONT style="font-family: 'Times New Roman', Times">(f)&#160;&#160;</FONT></I></B>
</TD>
    <TD>
    <B><I><FONT style="font-family: 'Times New Roman', Times">Long-lived
    assets</FONT></I></B>
</TD>
</TR>

</TABLE>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 2%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <I><FONT style="font-family: 'Times New Roman', Times">Property
    and equipment</FONT></I>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Property and equipment are stated at cost, net of accumulated
    depreciation or amortization. Depreciation is calculated on the
    straight-line method over the estimated useful lives of the
    assets, taking into consideration the assets&#146; salvage or
    residual value. The estimated useful lives of property and
    equipment are as follows:
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<TABLE border="0" width="100%" align="center" cellpadding="0" cellspacing="0" style="font-size: 9pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
<!-- Table Width Row BEGIN -->
<TR style="font-size: 1pt" valign="bottom">
    <TD width="1%" align="right">&nbsp;</TD>	<!-- colindex=01 type=lead -->
    <TD width="36%" align="right">&nbsp;</TD>	<!-- colindex=01 type=body -->
    <TD width="1%" align="left">&nbsp;</TD>	<!-- colindex=01 type=hang1 -->
    <TD width="2%">&nbsp;</TD>	<!-- colindex=02 type=gutter -->
    <TD width="60%">&nbsp;</TD>	<!-- colindex=02 type=maindata -->
</TR>
<!-- Table Width Row END -->
<TR valign="bottom" style="background: #CCEEFF">
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    Leasehold improvements
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD align="left" valign="bottom">
    Over the remaining term of the lease ranging from 1 to
    3&#160;years
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    Advertisement display equipment
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD align="left" valign="bottom">
    3 to 5&#160;years
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    Furniture, fixtures and office equipment
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    5&#160;years
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    Motor vehicles
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    5&#160;years
</TD>
</TR>
</TABLE>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">

</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    When items of property and equipment are retired or otherwise
    disposed of, income is charged or credited for the difference
    between the net book value and proceeds received thereon.
    Ordinary maintenance and repairs are charged to expense as
    incurred, and replacements and betterments are capitalized.
</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 2%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <I><FONT style="font-family: 'Times New Roman', Times">Goodwill</FONT></I>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Goodwill represents the excess of the consideration over the
    fair value of the net assets of Sige&#146;s advertising business
    upon consolidation (see note&#160;1(b)) and the aggregate
    purchase price over the fair value of the net assets acquired in
    business combinations (see note&#160;3). Goodwill is not
    amortized, but instead evaluated for impairment at least
    annually.
</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 2%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <I><FONT style="font-family: 'Times New Roman', Times">Intangible
    assets</FONT></I>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    The Group&#146;s intangible assets are amortized on a straight
    line basis over their respective estimated useful lives, which
    are the periods over which the assets are expected to contribute
    directly or indirectly to the future cash flows of the Group.
    The Group&#146;s intangible assets represent customer
    relationship and lease agreements, which have estimated useful
    lives ranging from 1 to 4&#160;years.
</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 2%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <I><FONT style="font-family: 'Times New Roman', Times">Impairment
    of long-lived assets</FONT></I>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Long-lived assets, such as property and equipment and intangible
    assets are reviewed for impairment whenever events or changes in
    circumstances indicate that the carrying amount of an asset may
    not be recoverable. If circumstances require a long-lived asset
    or asset group be tested for possible impairment, the Group
    first compares undiscounted cash flows expected to be generated
    by that asset or asset group to its carrying value. If the
    carrying value of the long-lived asset or asset group is not
    recoverable on an undiscounted cash flow basis, impairment is
    recognized to the extent that the carrying value exceeds its
    fair value. Fair value is determined through various techniques
    including discounted cash flow model, quoted market values and
    other techniques performed by third-party independent
    appraisers. No impairment of long-lived assets was recognized
    for the period from February&#160;9, 2007 (date of inception)
    through December&#160;31, 2007 or for the year ended
    December&#160;31, 2008.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Goodwill is reviewed for impairment at least annually in
    accordance with the provisions of FASB Statement No.&#160;142,
    &#147;<I>Goodwill and Other Intangible Assets&#148;</I>. The
    impairment determination is made at the reporting unit level and
    consists of two steps. In the first step, the management
    determines the fair value of a reporting unit and compares it to
    its carrying amount, including goodwill. Second, if the carrying
    amount of a
</DIV>

<P align="center" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <BR>
    F-47
</DIV><!-- END PAGE WIDTH -->
<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>

<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->

<DIV style="margin-top: 18pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">SearchMedia
    International Limited<BR>
    </FONT></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">Notes to
    Consolidated Financial
    Statements&#160;&#151;&#160;(Continued)<BR>
    </FONT></B>
</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">(Amounts
    in thousands, except share data)</FONT></B>
</DIV>
<DIV style="margin-top: 18pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    reporting unit exceeds its fair value, an impairment loss is
    recognized for any excess of the carrying amount of the
    reporting unit&#146;s goodwill over the implied fair value of
    that goodwill. The implied fair value is determined by
    allocating the fair value of the reporting unit in a manner
    similar to a purchase price allocation, in accordance with FASB
    Statement No.&#160;141 &#147;<I>Business Combinations</I>&#148;
    (&#147;SFAS&#160;No.&#160;141&#148;). The residual fair value
    after this allocation is the implied fair value of the reporting
    unit goodwill. Fair value of the reporting unit is determined
    using a discounted cash flow analysis. If the fair value of the
    reporting unit exceeds its carrying value, step two does not
    need to be performed. No goodwill impairment loss was recorded
    for the period from February&#160;9, 2007 (date of inception)
    through December&#160;31, 2007 or for the year ended
    December&#160;31, 2008.
</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

<TR>
    <TD width="4%"></TD>
    <TD width="96%"></TD>
</TR>

<TR valign="top">
    <TD>
    <B><I><FONT style="font-family: 'Times New Roman', Times">(g)&#160;&#160;</FONT></I></B>
</TD>
    <TD>
    <B><I><FONT style="font-family: 'Times New Roman', Times">Income
    taxes</FONT></I></B>
</TD>
</TR>

</TABLE>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Income taxes are accounted for under the asset and liability
    method. Deferred tax assets and liabilities are recognized for
    the future tax consequences attributable to differences between
    the financial statement carrying amounts of existing assets and
    liabilities and their respective tax bases and operating loss
    and tax credit carryforwards. Deferred tax assets and
    liabilities are measured using enacted tax rates expected to
    apply to taxable income in the years in which those temporary
    differences are expected to be recovered or settled. The effect
    on deferred tax assets and liabilities of a change in tax rates
    or laws is recognized in income in the period that the change in
    tax rates or laws is enacted. A valuation allowance is provided
    to reduce the amount of deferred tax assets if it is considered
    more likely than not that some portion or all of the deferred
    tax assets will not be realized.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    The Group applies FASB Interpretation No.&#160;48,
    &#147;<I>Accounting for Uncertainty in Income Taxes, an
    interpretation of Statement of Financial Accounting Standards
    No.&#160;109</I>&#148; (&#147;FIN&#160;48&#148;). FIN&#160;48
    clarifies the accounting for uncertain tax positions. This
    interpretation requires that an entity recognizes in the
    consolidated financial statements the impact of a tax position,
    if that position is more likely than not of being sustained upon
    examination, based on the technical merits of the position.
    Recognized income tax positions are measured at the largest
    amount that is greater than 50% likely of being realized.
    Changes in recognition or measurement are reflected in the
    period in which the change in judgment occurs. The Group&#146;s
    accounting policy is to accrue interest and penalties related to
    uncertain tax positions, if and when required, as interest
    expense and a component of general and administrative expenses,
    respectively, in the consolidated statements of income.
</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

<TR>
    <TD width="4%"></TD>
    <TD width="96%"></TD>
</TR>

<TR valign="top">
    <TD>
    <B><I><FONT style="font-family: 'Times New Roman', Times">(h)&#160;&#160;</FONT></I></B>
</TD>
    <TD>
    <B><I><FONT style="font-family: 'Times New Roman', Times">Revenue
    recognition</FONT></I></B>
</TD>
</TR>

</TABLE>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    The Group recognizes advertising service revenue on a
    straight-line basis over the period in which the customer
    advertisement is to be displayed, which typically ranges from
    1&#160;month to 2&#160;years, starting from the date the Group
    first displays the advertisement. Written contracts are entered
    into between the Group and its customers to specify the price,
    the period and the location at which the advertisement is to be
    displayed. Revenue is only recognized if the collectibility of
    the advertising service fee is probable. Customer payments
    received in excess of the amount of revenue recognised are
    recorded as deferred revenue in the balance sheet.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    The Group also enters into barter transactions, which represents
    the exchange of the Group&#146;s advertising services for goods,
    non-advertising services or dissimilar advertising services
    provided by third parties. Dissimilar advertising services
    represent placing advertisements on other media such as
    television channels, newspapers or magazines for the Group.
    Revenues and expenses are recognized from an advertising barter
    transaction only if the fair value of the advertising
    surrendered in the transaction is determinable based on the
    Group&#146;s own historical practice of receiving cash or other
    consideration that is readily convertible to a known amount of
    cash for similar advertising from buyers unrelated to the
    counterparty in the barter transaction. A period not to exceed
    six months prior to the date of the barter transaction is used
    to determine whether a historical experience exists of receiving
    cash for similar advertising. If the fair value of the
    advertising
</DIV>

<P align="center" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <BR>
    F-48
</DIV><!-- END PAGE WIDTH -->
<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>

<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->

<DIV style="margin-top: 18pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">SearchMedia
    International Limited<BR>
    </FONT></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">Notes to
    Consolidated Financial
    Statements&#160;&#151;&#160;(Continued)<BR>
    </FONT></B>
</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">(Amounts
    in thousands, except share data)</FONT></B>
</DIV>
<DIV style="margin-top: 18pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    surrendered in the barter transaction is not determinable, the
    barter transaction is recorded based on the carrying amount of
    the advertising surrendered, which is generally nil. For the
    period from February&#160;9, 2007 (date of inception) through
    December&#160;31, 2007 and for the year ended December&#160;31,
    2008, revenue recognized from barter transactions amounted to
    US$563 and US$2,670, respectively.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    The Group is subject to business tax and surcharges on the
    amount of its advertising service revenues. Revenues are
    recorded net of business tax and surcharges of US$671 and
    US$5,754, respectively for the period from February&#160;9, 2007
    (date of inception) through December&#160;31, 2007 and for the
    year ended December&#160;31, 2008.
</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

<TR>
    <TD width="4%"></TD>
    <TD width="96%"></TD>
</TR>

<TR valign="top">
    <TD>
    <B><I><FONT style="font-family: 'Times New Roman', Times">(i)&#160;&#160;</FONT></I></B>
</TD>
    <TD>
    <B><I><FONT style="font-family: 'Times New Roman', Times">Cost
    of revenues</FONT></I></B>
</TD>
</TR>

</TABLE>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Cost of revenues consists primarily of operating lease cost of
    advertising space for displaying advertisements, depreciation of
    advertising display equipment, amortization of intangible assets
    relating to lease agreements and direct staff and material costs
    associated with production and installation of advertising
    content.
</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

<TR>
    <TD width="4%"></TD>
    <TD width="96%"></TD>
</TR>

<TR valign="top">
    <TD>
    <B><I><FONT style="font-family: 'Times New Roman', Times">(j)&#160;&#160;</FONT></I></B>
</TD>
    <TD>
    <B><I><FONT style="font-family: 'Times New Roman', Times">Operating
    leases</FONT></I></B>
</TD>
</TR>

</TABLE>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    The Group leases advertising space and office premises under
    non-cancellable operating leases. Minimum lease payments are
    expensed on a straight-line basis over the lease term. Under the
    terms of the lease agreements, the Group has no legal or
    contractual asset retirement obligation at the end of the lease.
</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

<TR>
    <TD width="4%"></TD>
    <TD width="96%"></TD>
</TR>

<TR valign="top">
    <TD>
    <B><I><FONT style="font-family: 'Times New Roman', Times">(k)&#160;&#160;</FONT></I></B>
</TD>
    <TD>
    <B><I><FONT style="font-family: 'Times New Roman', Times">Advertising
    expenses</FONT></I></B>
</TD>
</TR>

</TABLE>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Advertising expenses are expensed as incurred and are included
    in sales and marketing expenses. Advertising expenses for the
    period from February&#160;9, 2007 (date of inception) through
    December&#160;31, 2007 and for the year ended December&#160;31,
    2008 amounted to US$91 and US$2,048, respectively.
</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

<TR>
    <TD width="4%"></TD>
    <TD width="96%"></TD>
</TR>

<TR valign="top">
    <TD>
    <B><I><FONT style="font-family: 'Times New Roman', Times">(l)&#160;&#160;</FONT></I></B>
</TD>
    <TD>
    <B><I><FONT style="font-family: 'Times New Roman', Times">Retirement
    and other postretirement benefits</FONT></I></B>
</TD>
</TR>

</TABLE>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Pursuant to relevant PRC regulations, the Company&#146;s
    subsidiaries and consolidated VIEs in the PRC are required to
    make contributions to various defined contribution retirement
    plans organized by the PRC government. The contributions are
    made for each qualifying PRC employee at rates ranging from 18%
    to 20% on a standard salary base as determined by the PRC
    governmental authority. Contributions to the defined
    contribution plans are charged to the consolidated statements of
    income as the related employee service is provided.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    The Company&#146;s subsidiaries in the HKSAR operate a Mandatory
    Provident Fund&#160;Scheme (&#147;the MPF scheme&#148;) under
    the Hong Kong Mandatory Provident Fund&#160;Schemes Ordinance
    for employees employed under the jurisdiction of the Hong Kong
    Employment Ordinance. The MPF scheme is a defined contribution
    retirement scheme administered by independent trustees. Under
    the MPF scheme, the employer is required to make contributions
    to the scheme at 5% of the employees&#146; relevant income,
    subject to an upper limit. Contributions to the scheme vest
    immediately.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    For the period from February&#160;9, 2007 (date of inception)
    through December&#160;31, 2007 and for the year ended
    December&#160;31, 2008, contributions to the above defined
    contribution retirement plans were US$143 and US$382
    respectively.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    The Group has no other obligation for the payment of employee
    benefits associated with these retirement plans beyond the
    contributions described above.
</DIV>

<P align="center" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <BR>
    F-49
</DIV><!-- END PAGE WIDTH -->
<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>

<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->

<DIV style="margin-top: 18pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">SearchMedia
    International Limited<BR>
    </FONT></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">Notes to
    Consolidated Financial
    Statements&#160;&#151;&#160;(Continued)<BR>
    </FONT></B>
</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">(Amounts
    in thousands, except share data)</FONT></B>
</DIV>
<DIV style="margin-top: 18pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

<TR>
    <TD width="5%"></TD>
    <TD width="95%"></TD>
</TR>

<TR valign="top">
    <TD>
    <B><I><FONT style="font-family: 'Times New Roman', Times">(m)&#160;&#160;</FONT></I></B>
</TD>
    <TD>
    <B><I><FONT style="font-family: 'Times New Roman', Times">Share-based
    payments</FONT></I></B>
</TD>
</TR>

</TABLE>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    The Group accounts for share-based payments in accordance with
    FASB Statement No.&#160;123 (revised 2004), &#147;<I>Share-based
    payment</I>&#148; (&#147;SFAS&#160;No.&#160;123R&#148;). Under
    SFAS&#160;No.&#160;123R, the Group measures the cost of employee
    services received in exchange for an award of equity instruments
    based on the grant-date fair value of the award and recognizes
    the costs over the period the employee is required to provide
    service in exchange for the award, which generally is the
    vesting period. For awards with performance conditions, the
    compensation expense is based on the grant-date fair value of
    the award, the number of shares ultimately expected to vest and
    the vesting period. Details of the Group&#146;s 2008&#160;Share
    Incentive Plan are set out in note&#160;16.
</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

<TR>
    <TD width="4%"></TD>
    <TD width="96%"></TD>
</TR>

<TR valign="top">
    <TD>
    <B><I><FONT style="font-family: 'Times New Roman', Times">(n)&#160;&#160;</FONT></I></B>
</TD>
    <TD>
    <B><I><FONT style="font-family: 'Times New Roman', Times">Commitments
    and contingencies</FONT></I></B>
</TD>
</TR>

</TABLE>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    In the normal course of business, the Group is subject to loss
    contingencies, such as legal proceedings and claims arising out
    of its business, that cover a wide range of matters, including,
    among others, government investigations, customer lawsuit and
    tax matters. The Group records accruals for such loss
    contingencies when it is probable that a liability has been
    incurred and the amount of loss can be reasonably estimated.
</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

<TR>
    <TD width="4%"></TD>
    <TD width="96%"></TD>
</TR>

<TR valign="top">
    <TD>
    <B><I><FONT style="font-family: 'Times New Roman', Times">(o)&#160;&#160;</FONT></I></B>
</TD>
    <TD>
    <B><I><FONT style="font-family: 'Times New Roman', Times">Segment
    reporting</FONT></I></B>
</TD>
</TR>

</TABLE>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    The Group has one operating segment as defined by FASB Statement
    No.&#160;131, &#147;<I>Disclosure about Segments of an
    Enterprise and Related Information</I>&#148;. The Group&#146;s
    advertising service revenues generated from customers outside
    the PRC is less than 10% of the Group&#146;s total consolidated
    revenues and the Group&#146;s total long-lived tangible assets
    located outside the PRC is less than 10% of the Group&#146;s
    total consolidated long-lived tangible assets. Consequently no
    geographic information is presented.
</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

<TR>
    <TD width="4%"></TD>
    <TD width="96%"></TD>
</TR>

<TR valign="top">
    <TD>
    <B><I><FONT style="font-family: 'Times New Roman', Times">(p)&#160;&#160;</FONT></I></B>
</TD>
    <TD>
    <B><I><FONT style="font-family: 'Times New Roman', Times">Recently
    issued accounting standards</FONT></I></B>
</TD>
</TR>

</TABLE>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <I><FONT style="font-family: 'Times New Roman', Times">FASB
    Statement No.&#160;141(R)
    (&#147;SFAS&#160;No.&#160;141(R)&#148;) and FASB Statement
    No.&#160;160 (&#147;SFAS&#160;No.&#160;160&#148;)</FONT></I>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    In December 2007, the FASB issued SFAS&#160;No.&#160;141
    (Revised) <I>&#147;Business Combinations&#148; </I>and Statement
    of Financial Accounting Standards No.&#160;160,
    <I>&#147;Noncontrolling Interests in Consolidated Financial
    Statements&#160;&#151; an amendment to ARB No.&#160;51&#148;.
    </I>SFAS&#160;No.&#160;141(R) and SFAS&#160;No.&#160;160 require
    most identifiable assets, liabilities, noncontrolling interests
    and goodwill acquired in a business combination to be recorded
    at &#147;full fair value&#148; and require noncontrolling
    interests (previously referred to as minority interests) to be
    reported as a component of equity, which changes the accounting
    for transactions with noncontrolling interest holders. Both
    statements are effective for periods beginning on or after
    December&#160;15, 2008, and earlier adoption is prohibited.
    SFAS&#160;No.&#160;141(R) will be applied to business
    combinations occurring after the effective date.
    SFAS&#160;No.&#160;160 will be applied prospectively to all
    noncontrolling interests, including any that arose before the
    effective date, except that presentation and disclosure
    requirements will be applied retroactively. Management does not
    expect adoption of SFAS&#160;No.&#160;160 to have a material
    impact on the Company&#146;s consolidated financial statements.
</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <I><FONT style="font-family: 'Times New Roman', Times">FASB
    Staff Position
    <FONT style="white-space: nowrap">FAS&#160;142-3</FONT>
    (&#147;FSP
    <FONT style="white-space: nowrap">FAS&#160;No.&#160;142-3&#148;)</FONT></FONT></I>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    In April 2008, the FASB issued FSP
    <FONT style="white-space: nowrap">FAS&#160;No.&#160;142-3</FONT>
    &#147;Determination of the Useful Life of Intangible
    Assets&#148;. FSP
    <FONT style="white-space: nowrap">FAS&#160;No.&#160;142-3</FONT>
    amends the guidance in FASB Statement No.&#160;142 about
    estimating the useful lives of recognized intangible assets, and
    requires additional disclosure related to renewing or extending
    the terms of recognized intangible assets. In estimating the
    useful life of a recognized intangible asset, this FSP requires
    companies to consider their historical experience in renewing or
    extending similar arrangements together with the asset&#146;s
    intended use, regardless of whether the arrangements have
    explicit renewal or
</DIV>

<P align="center" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <BR>
    F-50
</DIV><!-- END PAGE WIDTH -->
<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>

<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->

<DIV style="margin-top: 18pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">SearchMedia
    International Limited<BR>
    </FONT></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">Notes to
    Consolidated Financial
    Statements&#160;&#151;&#160;(Continued)<BR>
    </FONT></B>
</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">(Amounts
    in thousands, except share data)</FONT></B>
</DIV>
<DIV style="margin-top: 18pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    extension provisions. In the absence of historical experience,
    companies should consider the assumptions market participants
    would use about renewal or extension consistent with the highest
    and best use of the asset. However, market participant
    assumptions should be adjusted for entity-specific factors. FSP
    <FONT style="white-space: nowrap">FAS&#160;No.&#160;142-3</FONT>
    is effective for fiscal years beginning after December&#160;15,
    2008. Early adoption is prohibited. Management does not expect
    adoption of FSP
    <FONT style="white-space: nowrap">FAS&#160;No.&#160;142-3</FONT>
    to have a material impact on the Company&#146;s consolidated
    financial statements.
</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

<TR>
    <TD width="3%"></TD>
    <TD width="97%"></TD>
</TR>

<TR valign="top">
    <TD>
    <B><FONT style="font-family: 'Times New Roman', Times">3.&#160;&#160;</FONT></B>
</TD>
    <TD>
    <B><FONT style="font-family: 'Times New Roman', Times">Acquisitions</FONT></B>
</TD>
</TR>

</TABLE>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

<TR>
    <TD width="4%"></TD>
    <TD width="96%"></TD>
</TR>

<TR valign="top">
    <TD>
    <B><I><FONT style="font-family: 'Times New Roman', Times">(a)&#160;&#160;</FONT></I></B>
</TD>
    <TD>
    <B><I><FONT style="font-family: 'Times New Roman', Times">Shanghai
    Jincheng Advertising Co., Ltd. (&#147;Shanghai
    Jincheng&#148;)</FONT></I></B>
</TD>
</TR>

</TABLE>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    In January 2008, Jingli acquired the advertising business of
    Shanghai Jincheng for cash consideration of US$960 (RMB7,000).
    Direct transaction cost for this acquisition was immaterial.
    Shanghai Jincheng is principally engaged in the provision of
    advertising services using light boxes that are placed in
    cafeterias and commercial buildings in Shanghai Municipality of
    the PRC. This acquisition allows the Group to expand its service
    offerings and advertising locations in Shanghai Municipality of
    the PRC. The acquisition was recorded using the purchase method
    of accounting. The fair value of the identifiable assets
    acquired and liabilities assumed of Shanghai Jincheng was based
    on a valuation performed by an independent valuation firm using
    the multiple period excess earnings method and is set out in the
    table below. Goodwill of US$1,005 was recorded for the
    acquisition, which relates to the work force of Shanghai
    Jincheng and the synergies expected to be achieved from
    integrating Shanghai Jincheng&#146;s advertising locations. The
    goodwill recognized in connection with the business combination
    of Shanghai Jincheng is not deductible for tax purpose. The
    purchase price allocation is as follows:
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<TABLE border="0" width="100%" align="center" cellpadding="0" cellspacing="0" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
<!-- Table Width Row BEGIN -->
<TR style="font-size: 1pt" valign="bottom">
    <TD width="93%">&nbsp;</TD>	<!-- colindex=01 type=maindata -->
    <TD width="2%">&nbsp;</TD>	<!-- colindex=02 type=gutter -->
    <TD width="1%" align="right">&nbsp;</TD>	<!-- colindex=02 type=lead -->
    <TD width="3%" align="right">&nbsp;</TD>	<!-- colindex=02 type=body -->
    <TD width="1%" align="left">&nbsp;</TD>	<!-- colindex=02 type=hang1 -->
</TR>
<!-- Table Width Row END -->
<TR style="font-size: 8pt" valign="bottom" align="center">
<TD nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    <B>US$</B>
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR style="line-height: 3pt; font-size: 1pt">
<TD>&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Cash
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    2
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Prepaid expenses and other current assets
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    12
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Equipment
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    9
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Customer relationship (average amortization period: 1&#160;year)
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    2
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Lease agreements (average amortization period: 3&#160;years)
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    85
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="font-size: 1pt">
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 20pt">
    Total tangible and intangible assets acquired
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    110
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Accounts payable
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    (15
</TD>
<TD nowrap align="left" valign="bottom">
    )
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Accrued expenses and other payables
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    (2
</TD>
<TD nowrap align="left" valign="bottom">
    )
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Deferred revenue
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    (5
</TD>
<TD nowrap align="left" valign="bottom">
    )
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Income taxes payable
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    (111
</TD>
<TD nowrap align="left" valign="bottom">
    )
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Deferred tax liabilities
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    (22
</TD>
<TD nowrap align="left" valign="bottom">
    )
</TD>
</TR>
<TR valign="bottom" style="font-size: 1pt">
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 20pt">
    Total liabilities assumed
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    (155
</TD>
<TD nowrap align="left" valign="bottom">
    )
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Goodwill
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    1,005
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="font-size: 1pt">
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    <B>Total consideration</B>
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    <B>960</B>
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="font-size: 1pt">
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
</TABLE>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">

</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

<TR>
    <TD width="4%"></TD>
    <TD width="96%"></TD>
</TR>

<TR valign="top">
    <TD>
    <B><I><FONT style="font-family: 'Times New Roman', Times">(b)&#160;&#160;</FONT></I></B>
</TD>
    <TD>
    <B><I><FONT style="font-family: 'Times New Roman', Times">Shaanxi
    Xinshichuang Advertising Planning Co., Ltd. (&#147;Shaanxi
    Xinshichuang&#148;)</FONT></I></B>
</TD>
</TR>

</TABLE>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    In January 2008, Jingli acquired the advertising business of
    Shaanxi Xinshichuang for cash consideration of US$1,683
    (RMB12,270). Direct transaction cost for this acquisition was
    immaterial. Shaanxi Xinshichuang is primarily engaged in the
    provision of advertising services using poster frames that are
    placed inside elevators in residential and commercial buildings
    in Xi&#146;an city of the PRC. This acquisition allows the Group
    to expand its advertising business to different locations in the
    PRC. The acquisition was recorded using the
</DIV>

<P align="center" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <BR>
    F-51
</DIV><!-- END PAGE WIDTH -->
<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>

<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->

<DIV style="margin-top: 18pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">SearchMedia
    International Limited<BR>
    </FONT></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">Notes to
    Consolidated Financial
    Statements&#160;&#151;&#160;(Continued)<BR>
    </FONT></B>
</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">(Amounts
    in thousands, except share data)</FONT></B>
</DIV>
<DIV style="margin-top: 18pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    purchase method of accounting. The fair value of the
    identifiable assets acquired and liabilities assumed of Shaanxi
    Xinshichuang was based on a valuation performed by an
    independent valuation firm using the multiple period excess
    earnings method and is set out in the table below. Goodwill of
    US$1,560 was recorded for the acquisition, which relates to the
    work force of Shaanxi Xinshichuang and the synergies expected to
    be achieved from integrating Shaanxi Xinshichuang&#146;s
    advertising locations. The goodwill recognized in connection
    with the business combination of Shaanxi Xinshichuang is not
    deductible for tax purpose. The purchase price allocation is as
    follows:
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<TABLE border="0" width="100%" align="center" cellpadding="0" cellspacing="0" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
<!-- Table Width Row BEGIN -->
<TR style="font-size: 1pt" valign="bottom">
    <TD width="93%">&nbsp;</TD>	<!-- colindex=01 type=maindata -->
    <TD width="2%">&nbsp;</TD>	<!-- colindex=02 type=gutter -->
    <TD width="1%" align="right">&nbsp;</TD>	<!-- colindex=02 type=lead -->
    <TD width="3%" align="right">&nbsp;</TD>	<!-- colindex=02 type=body -->
    <TD width="1%" align="left">&nbsp;</TD>	<!-- colindex=02 type=hang1 -->
</TR>
<!-- Table Width Row END -->
<TR style="font-size: 8pt" valign="bottom" align="center">
<TD nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    <B>US$</B>
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR style="line-height: 3pt; font-size: 1pt">
<TD>&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Cash
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    57
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Accounts receivable, net of allowance for doubtful accounts
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    193
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Prepaid expenses and other current assets
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    59
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Equipment
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    20
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Customer relationship (average amortization period: 1&#160;year)
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    7
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Lease agreements (average amortization period: 2&#160;years)
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    143
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="font-size: 1pt">
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 20pt">
    Total tangible and intangible assets acquired
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    479
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Accounts payable
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    (2
</TD>
<TD nowrap align="left" valign="bottom">
    )
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Accrued expenses and other payables
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    (57
</TD>
<TD nowrap align="left" valign="bottom">
    )
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Income taxes payable
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    (260
</TD>
<TD nowrap align="left" valign="bottom">
    )
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Deferred tax liabilities
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    (37
</TD>
<TD nowrap align="left" valign="bottom">
    )
</TD>
</TR>
<TR valign="bottom" style="font-size: 1pt">
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 20pt">
    Total liabilities assumed
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    (356
</TD>
<TD nowrap align="left" valign="bottom">
    )
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Goodwill
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    1,560
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="font-size: 1pt">
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    <B>Total consideration</B>
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    <B>1,683</B>
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="font-size: 1pt">
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
</TABLE>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">

</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

<TR>
    <TD width="4%"></TD>
    <TD width="96%"></TD>
</TR>

<TR valign="top">
    <TD>
    <B><I><FONT style="font-family: 'Times New Roman', Times">(c)&#160;&#160;</FONT></I></B>
</TD>
    <TD>
    <B><I><FONT style="font-family: 'Times New Roman', Times">Beijing
    Wanshuizhiyuan Advertising Co., Ltd. (&#147;Beijing
    Wanshuizhiyuan&#148;), Shenyang Xicheng Advertising Co., Ltd.
    (&#147;Shenyang Xicheng&#148;) and Qingdao Kaixiang Advertising
    Co., Ltd. (&#147;Qingdao Kaixiang&#148;)</FONT></I></B>
</TD>
</TR>

</TABLE>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    In January 2008, Jingli acquired the respective advertising
    businesses of Beijing Wanshuizhiyuan, Shenyang Xicheng and
    Qingdao Kaixiang. These acquisitions were unrelated to each
    other. Aggregate direct transaction cost for these acquisitions
    was US$79. These entities are primarily engaged in the provision
    of advertising services using outdoor billboards in Beijing
    Municipality, Shenyang city and Qingdao city respectively of the
    PRC. These acquisitions allow the Group to expand its service
    offerings and advertising locations in the PRC. The purchase
    consideration for each acquisition is to be settled in cash and
    is contingent based on a range of multiples applied to the
    respective U.S.&#160;GAAP net income of Beijing Wanshuizhiyuan,
    Shenyang Xicheng and Qingdao Kaixiang for each of the
    <FONT style="white-space: nowrap">12-month</FONT>
    periods in the
    <FONT style="white-space: nowrap">2-year</FONT>
    earn-out period following the acquisition (&#147;earn-out
    period&#148;) ending December&#160;31, 2009. The contingent
    purchase price consideration for each entity is payable once the
    audit of the U.S.&#160;GAAP net income for each individual
    <FONT style="white-space: nowrap">12-month</FONT>
    period during the earn-out period is completed. As such, the
    purchase price allocation cannot be completed until the
    contingencies are resolved. Because no cash or other assets were
    distributed or securities issued, and the contingent
    consideration was not determinable beyond a reasonable doubt at
    the date of acquisition, no goodwill was recognized due to the
    contingent nature of the consideration. However, a liability is
    recorded for the estimated fair value of identifiable net assets
    acquired, which represents the amount of negative goodwill upon
    initial purchase price allocation. Upon resolution of the
    contingency, adjustment to goodwill or against the identifiable
    net assets is to be made in accordance with
    SFAS&#160;No.&#160;141.
</DIV>

<P align="center" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <BR>
    F-52
</DIV><!-- END PAGE WIDTH -->
<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>

<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->

<DIV style="margin-top: 18pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">SearchMedia
    International Limited<BR>
    </FONT></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">Notes to
    Consolidated Financial
    Statements&#160;&#151;&#160;(Continued)<BR>
    </FONT></B>
</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">(Amounts
    in thousands, except share data)</FONT></B>
</DIV>
<DIV style="margin-top: 18pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    The following table summarizes the fair value of the
    identifiable assets acquired and liabilities assumed by Jingli
    at the date of acquisition for each of Beijing Wanshuizhiyuan,
    Shenyang Xicheng and Qingdao Kaixiang, which was based on
    valuations performed by an independent valuation firm using the
    multiple period excess earnings method.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<TABLE border="0" width="100%" align="center" cellpadding="0" cellspacing="0" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
<!-- Table Width Row BEGIN -->
<TR style="font-size: 1pt" valign="bottom">
    <TD width="45%">&nbsp;</TD>	<!-- colindex=01 type=maindata -->
    <TD width="2%">&nbsp;</TD>	<!-- colindex=02 type=gutter -->
    <TD width="1%" align="right">&nbsp;</TD>	<!-- colindex=02 type=lead -->
    <TD width="11%" align="right">&nbsp;</TD>	<!-- colindex=02 type=body -->
    <TD width="1%" align="left">&nbsp;</TD>	<!-- colindex=02 type=hang1 -->
    <TD width="3%">&nbsp;</TD>	<!-- colindex=03 type=gutter -->
    <TD width="1%" align="right">&nbsp;</TD>	<!-- colindex=03 type=lead -->
    <TD width="13%" align="right">&nbsp;</TD>	<!-- colindex=03 type=body -->
    <TD width="1%" align="left">&nbsp;</TD>	<!-- colindex=03 type=hang1 -->
    <TD width="3%">&nbsp;</TD>	<!-- colindex=04 type=gutter -->
    <TD width="1%" align="right">&nbsp;</TD>	<!-- colindex=04 type=lead -->
    <TD width="13%" align="right">&nbsp;</TD>	<!-- colindex=04 type=body -->
    <TD width="1%" align="left">&nbsp;</TD>	<!-- colindex=04 type=hang1 -->
    <TD width="3%">&nbsp;</TD>	<!-- colindex=05 type=gutter -->
    <TD width="1%" align="right">&nbsp;</TD>	<!-- colindex=05 type=lead -->
    <TD width="1%" align="right">&nbsp;</TD>	<!-- colindex=05 type=body -->
    <TD width="1%" align="left">&nbsp;</TD>	<!-- colindex=05 type=hang1 -->
</TR>
<!-- Table Width Row END -->
<TR style="font-size: 8pt" valign="bottom" align="center">
<TD nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>Beijing<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom" align="center">
<TD nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    <B>Wanshuizhiyuan</B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    <B>Shenyang Xicheng</B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    <B>Qingdao Kaixiang</B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom" align="center">
<TD nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>US$</B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>US$</B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>US$</B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR style="line-height: 3pt; font-size: 1pt">
<TD>&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Cash
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    472
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    190
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    19
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Accounts receivable, net of allowance for doubtful accounts
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    165
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    136
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    430
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Prepaid expenses and other current assets
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    75
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    24
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    281
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Amounts due from related parties
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    7
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    119
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    4
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Equipment
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#150;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    3
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    72
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Customer relationship (average amortization period:
    1-3&#160;years)
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    181
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    623
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    122
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Lease agreements (average amortization period: 2-3&#160;years)
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    200
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    737
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    239
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Accounts payable
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    (176
</TD>
<TD nowrap align="left" valign="bottom">
    )
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    (91
</TD>
<TD nowrap align="left" valign="bottom">
    )
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    (246
</TD>
<TD nowrap align="left" valign="bottom">
    )
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Accrued expenses and other payables
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    (40
</TD>
<TD nowrap align="left" valign="bottom">
    )
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    (37
</TD>
<TD nowrap align="left" valign="bottom">
    )
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    (3
</TD>
<TD nowrap align="left" valign="bottom">
    )
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Deferred revenue
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    (323
</TD>
<TD nowrap align="left" valign="bottom">
    )
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    (92
</TD>
<TD nowrap align="left" valign="bottom">
    )
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    (220
</TD>
<TD nowrap align="left" valign="bottom">
    )
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Amounts due to related parties
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#150;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#150;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    (233
</TD>
<TD nowrap align="left" valign="bottom">
    )
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Income taxes payable
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    (114
</TD>
<TD nowrap align="left" valign="bottom">
    )
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    (38
</TD>
<TD nowrap align="left" valign="bottom">
    )
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    (21
</TD>
<TD nowrap align="left" valign="bottom">
    )
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Deferred tax liabilities
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    (95
</TD>
<TD nowrap align="left" valign="bottom">
    )
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    (340
</TD>
<TD nowrap align="left" valign="bottom">
    )
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    (90
</TD>
<TD nowrap align="left" valign="bottom">
    )
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="font-size: 1pt">
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Fair value of identifiable net assets
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    352
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    1,234
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    354
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="font-size: 1pt">
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
</TABLE>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">

</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    As of December&#160;31, 2008, the aggregate contingent
    consideration in connection with the first
    <FONT style="white-space: nowrap">12-month</FONT>
    earn-out period of Beijing Wanshuizhiyuan, Shenyang Xicheng and
    Qingdao Kaixiang is determined to be US$24,966. As such,
    aggregate goodwill of US$23,105 was recorded, which relates to
    the work force and the synergies expected to be achieved from
    integrating the advertising services and locations of each of
    Beijing Wanshuizhiyuan, Shenyang Xicheng and Qingdao Kaixiang.
    The goodwill recognized in connection with the business
    combination is not deductible for tax purpose.
</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

<TR>
    <TD width="4%"></TD>
    <TD width="96%"></TD>
</TR>

<TR valign="top">
    <TD>
    <B><I><FONT style="font-family: 'Times New Roman', Times">(d)&#160;&#160;</FONT></I></B>
</TD>
    <TD>
    <B><I><FONT style="font-family: 'Times New Roman', Times">Shanghai
    Haiya Advertising Co., Ltd. (&#147;Shanghai
    Haiya&#148;)</FONT></I></B>
</TD>
</TR>

</TABLE>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    In February 2008, Jingli acquired the advertising business of
    Shanghai Haiya. Shanghai Haiya is primarily engaged in the
    provision of advertising services using light boxes inside metro
    stations in Shanghai Municipality of the PRC. This acquisition
    allows the Group to increase its service offerings and
    advertising locations in Shanghai Municipality of the PRC. The
    purchase consideration is to be settled in cash and is
    contingent based on a range of multiples applied to the
    U.S.&#160;GAAP net income of Shanghai Haiya for each of the
    <FONT style="white-space: nowrap">12-month</FONT>
    periods in the
    <FONT style="white-space: nowrap">2-year</FONT>
    earn-out period ending January&#160;31, 2010. The contingent
    purchase price consideration is payable once the audit of the
    U.S.&#160;GAAP net income for each individual
    <FONT style="white-space: nowrap">12-month</FONT>
    period during the earn-out period is completed. As such, the
    purchase price allocation cannot be completed until the
    contingencies are resolved. Because no cash or other assets were
    distributed or securities issued, and the contingent
    consideration was not determinable beyond a reasonable doubt at
    the date of acquisition, no goodwill was recognized due to the
    contingent nature of the consideration. However, a liability is
    recorded for the identifiable net assets acquired, which
    represents the amount of negative goodwill upon initial purchase
</DIV>

<P align="center" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <BR>
    F-53
</DIV><!-- END PAGE WIDTH -->
<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>

<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->

<DIV style="margin-top: 18pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">SearchMedia
    International Limited<BR>
    </FONT></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">Notes to
    Consolidated Financial
    Statements&#160;&#151;&#160;(Continued)<BR>
    </FONT></B>
</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">(Amounts
    in thousands, except share data)</FONT></B>
</DIV>
<DIV style="margin-top: 18pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    price allocation. Upon resolution of the contingency, adjustment
    to goodwill or against the identifiable net assets is to be made
    in accordance with SFAS&#160;No.&#160;141.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    The following table summarizes the fair value of the
    identifiable assets acquired and liabilities assumed by Jingli
    at the date of acquisition of US$572, which was based on a
    valuation performed by an independent valuation firm using the
    multiple period excess earnings method.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<TABLE border="0" width="100%" align="center" cellpadding="0" cellspacing="0" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
<!-- Table Width Row BEGIN -->
<TR style="font-size: 1pt" valign="bottom">
    <TD width="94%">&nbsp;</TD>	<!-- colindex=01 type=maindata -->
    <TD width="2%">&nbsp;</TD>	<!-- colindex=02 type=gutter -->
    <TD width="1%" align="right">&nbsp;</TD>	<!-- colindex=02 type=lead -->
    <TD width="2%" align="right">&nbsp;</TD>	<!-- colindex=02 type=body -->
    <TD width="1%" align="left">&nbsp;</TD>	<!-- colindex=02 type=hang1 -->
</TR>
<!-- Table Width Row END -->
<TR style="font-size: 8pt" valign="bottom" align="center">
<TD nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    <B>US$</B>
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR style="line-height: 3pt; font-size: 1pt">
<TD>&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Cash
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    12
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Accounts receivable, net of allowance for doubtful accounts
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    77
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Prepaid expenses and other current assets
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    287
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Amounts due from related parties
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    75
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Equipment
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    15
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Deferred tax assets
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    10
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Customer relationship (average amortization period: 2&#160;years)
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    27
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Lease agreements (average amortization period: 4&#160;years)
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    958
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Accounts payable
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    (112
</TD>
<TD nowrap align="left" valign="bottom">
    )
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Accrued expenses and other payables
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    (10
</TD>
<TD nowrap align="left" valign="bottom">
    )
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Deferred revenue
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    (103
</TD>
<TD nowrap align="left" valign="bottom">
    )
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Amounts due to related parties
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    (418
</TD>
<TD nowrap align="left" valign="bottom">
    )
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Deferred tax liabilities
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    (246
</TD>
<TD nowrap align="left" valign="bottom">
    )
</TD>
</TR>
<TR valign="bottom" style="font-size: 1pt">
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Fair value of identifiable net assets
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    572
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="font-size: 1pt">
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
</TABLE>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">

</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

<TR>
    <TD width="4%"></TD>
    <TD width="96%"></TD>
</TR>

<TR valign="top">
    <TD>
    <B><I><FONT style="font-family: 'Times New Roman', Times">(e)&#160;&#160;</FONT></I></B>
</TD>
    <TD>
    <B><I><FONT style="font-family: 'Times New Roman', Times">Tianjin
    Shengshitongda Advertising Creativity Co., Ltd. (&#147;Tianjin
    Shengshitongda&#148;)</FONT></I></B>
</TD>
</TR>

</TABLE>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    In April 2008, Jingli acquired the advertising business of
    Tianjin Shengshitongda. Tianjin Shengshitongda is primarily
    engaged in the provision of advertising services using poster
    frames that are placed inside elevators in residential and
    commercial buildings in Tianjin Municipality of the PRC. This
    acquisition allows the Group to expand its advertising business
    to different locations in the PRC. The purchase consideration is
    to be settled in cash and is contingent based on a range of
    multiples applied to the U.S.&#160;GAAP net income of Tianjin
    Shengshitongda for each of the
    <FONT style="white-space: nowrap">12-month</FONT>
    periods in the
    <FONT style="white-space: nowrap">2-year</FONT>
    earn-out period ending March&#160;31, 2010. The contingent
    purchase price consideration is payable once the audit of the
    U.S.&#160;GAAP net income for each individual
    <FONT style="white-space: nowrap">12-month</FONT>
    period during the earn-out period is completed. As such, the
    purchase price allocation cannot be completed until the
    contingencies are resolved. Because no cash or other assets were
    distributed or securities issued, and the contingent
    consideration was not determinable beyond a reasonable doubt at
    the date of acquisition, no goodwill was recognized due to the
    contingent nature of the consideration. However, a liability is
    recorded for the identifiable net assets acquired, which
    represents the amount of negative goodwill upon initial purchase
    price allocation. Upon resolution of the contingency, adjustment
    to goodwill or against the identifiable net assets is to be made
    in accordance with SFAS&#160;No.&#160;141.
</DIV>

<P align="center" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <BR>
    F-54
</DIV><!-- END PAGE WIDTH -->
<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>

<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->

<DIV style="margin-top: 18pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">SearchMedia
    International Limited<BR>
    </FONT></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">Notes to
    Consolidated Financial
    Statements&#160;&#151;&#160;(Continued)<BR>
    </FONT></B>
</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">(Amounts
    in thousands, except share data)</FONT></B>
</DIV>
<DIV style="margin-top: 18pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    The following table summarizes the fair value of the
    identifiable assets acquired and liabilities assumed by Jingli
    at the date of acquisition of US$21, which was based on a
    valuation performed by an independent valuation firm using the
    multiple period excess earnings method.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<TABLE border="0" width="100%" align="center" cellpadding="0" cellspacing="0" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
<!-- Table Width Row BEGIN -->
<TR style="font-size: 1pt" valign="bottom">
    <TD width="95%">&nbsp;</TD>	<!-- colindex=01 type=maindata -->
    <TD width="2%">&nbsp;</TD>	<!-- colindex=02 type=gutter -->
    <TD width="1%" align="right">&nbsp;</TD>	<!-- colindex=02 type=lead -->
    <TD width="1%" align="right">&nbsp;</TD>	<!-- colindex=02 type=body -->
    <TD width="1%" align="left">&nbsp;</TD>	<!-- colindex=02 type=hang1 -->
</TR>
<!-- Table Width Row END -->
<TR style="font-size: 8pt" valign="bottom" align="center">
<TD nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    <B>US$</B>
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR style="line-height: 3pt; font-size: 1pt">
<TD>&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Cash
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    19
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Prepaid expenses and other current assets
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    9
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Customer relationship (average amortization period: 1&#160;year)
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    2
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Lease agreements (average amortization period: 2&#160;years)
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    17
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Accounts payable
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    (16
</TD>
<TD nowrap align="left" valign="bottom">
    )
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Accrued expenses and other payables
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    (5
</TD>
<TD nowrap align="left" valign="bottom">
    )
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Deferred tax liabilities
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    (5
</TD>
<TD nowrap align="left" valign="bottom">
    )
</TD>
</TR>
<TR valign="bottom" style="font-size: 1pt">
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Fair value of identifiable net assets
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    21
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="font-size: 1pt">
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
</TABLE>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">

</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

<TR>
    <TD width="4%"></TD>
    <TD width="96%"></TD>
</TR>

<TR valign="top">
    <TD>
    <B><I><FONT style="font-family: 'Times New Roman', Times">(f)&#160;&#160;</FONT></I></B>
</TD>
    <TD>
    <B><I><FONT style="font-family: 'Times New Roman', Times">Beijing
    Youluo Advertising Co., Ltd. (&#147;Beijing
    Youluo&#148;)</FONT></I></B>
</TD>
</TR>

</TABLE>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    In April 2008, Jingli acquired the advertising business of
    Beijing Youluo. Beijing Youluo is primarily engaged in the
    provision of advertising services using outdoor billboards in
    Beijing Municipality and Shanghai Municipality of the PRC. This
    acquisition allows the Group to expand its service offerings and
    advertising locations in Shanghai Municipality and Beijing
    Municipality of the PRC. The purchase consideration is to be
    settled in cash and is contingent based on a range of multiples
    applied to the U.S.&#160;GAAP net income of Beijing Youluo for
    each of the
    <FONT style="white-space: nowrap">12-month</FONT>
    periods in the
    <FONT style="white-space: nowrap">2-year</FONT>
    earn-out period ending March&#160;31, 2010. The contingent
    purchase price consideration is payable once the audit of the
    U.S.&#160;GAAP net income for each individual
    <FONT style="white-space: nowrap">12-month</FONT>
    period during the earn-out period is completed. As such, the
    purchase price allocation cannot be completed until the
    contingencies are resolved. Because no cash or other assets were
    distributed or securities issued, and the contingent
    consideration was not determinable beyond a reasonable doubt at
    the date of acquisition, no goodwill is recognized due to the
    contingent nature of the consideration. However, a liability is
    recorded for the identifiable net assets acquired, which
    represents the amount of negative goodwill upon initial purchase
    price allocation. Upon resolution of the contingency, adjustment
    to goodwill or against the identifiable net assets is to be made
    in accordance with SFAS&#160;No.&#160;141.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    The following table summarizes the fair value of the
    identifiable assets acquired and liabilities assumed by Jingli
    at the date of acquisition of US$3,315, which was based on a
    valuation performed by an independent valuation firm using the
    multiple period excess earnings method.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<TABLE border="0" width="100%" align="center" cellpadding="0" cellspacing="0" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
<!-- Table Width Row BEGIN -->
<TR style="font-size: 1pt" valign="bottom">
    <TD width="92%">&nbsp;</TD>	<!-- colindex=01 type=maindata -->
    <TD width="2%">&nbsp;</TD>	<!-- colindex=02 type=gutter -->
    <TD width="1%" align="right">&nbsp;</TD>	<!-- colindex=02 type=lead -->
    <TD width="4%" align="right">&nbsp;</TD>	<!-- colindex=02 type=body -->
    <TD width="1%" align="left">&nbsp;</TD>	<!-- colindex=02 type=hang1 -->
</TR>
<!-- Table Width Row END -->
<TR style="font-size: 8pt" valign="bottom" align="center">
<TD nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    <B>US$</B>
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR style="line-height: 3pt; font-size: 1pt">
<TD>&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Cash
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    71
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Equipment
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    70
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Customer relationship (average amortization period: 2&#160;years)
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    1,564
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Lease agreements (average amortization period: 3&#160;years)
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    2,692
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Accrued expenses and other payables
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    (18
</TD>
<TD nowrap align="left" valign="bottom">
    )
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Deferred tax liabilities
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    (1,064
</TD>
<TD nowrap align="left" valign="bottom">
    )
</TD>
</TR>
<TR valign="bottom" style="font-size: 1pt">
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Fair value of identifiable net assets
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    3,315
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="font-size: 1pt">
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
</TABLE>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">

</DIV>

<P align="center" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <BR>
    F-55
</DIV><!-- END PAGE WIDTH -->
<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>

<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->

<DIV style="margin-top: 18pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">SearchMedia
    International Limited<BR>
    </FONT></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">Notes to
    Consolidated Financial
    Statements&#160;&#151;&#160;(Continued)<BR>
    </FONT></B>
</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">(Amounts
    in thousands, except share data)</FONT></B>
</DIV>
<DIV style="margin-top: 18pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

<TR>
    <TD width="4%"></TD>
    <TD width="96%"></TD>
</TR>

<TR valign="top">
    <TD>
    <B><I><FONT style="font-family: 'Times New Roman', Times">(g)&#160;&#160;</FONT></I></B>
</TD>
    <TD>
    <B><I><FONT style="font-family: 'Times New Roman', Times">Ad-Icon
    Company Limited (&#147;Ad-Icon&#148;)</FONT></I></B>
</TD>
</TR>

</TABLE>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    In April 2008, the Company acquired the advertising business of
    Ad-Icon. Ad-Icon is primarily engaged in the provision of
    advertising services using outdoor billboards in HKSAR. This
    acquisition allows the Group to expand its service offerings and
    advertising business to the HKSAR. The purchase consideration is
    to be settled in cash and is contingent based on a range of
    multiples applied to the U.S.&#160;GAAP net income of Ad-Icon
    for each of the
    <FONT style="white-space: nowrap">12-month</FONT>
    periods in the
    <FONT style="white-space: nowrap">2-year</FONT>
    earn-out period ending March&#160;31, 2010. The contingent
    purchase price consideration is payable once the audit of the
    U.S.&#160;GAAP net income for each individual
    <FONT style="white-space: nowrap">12-month</FONT>
    period during the earn-out period is completed. As such, the
    purchase price allocation cannot be completed until the
    contingencies are resolved. Because no cash or other assets were
    distributed or securities issued, and the contingent
    consideration was not determinable beyond a reasonable doubt at
    the date of acquisition, no goodwill was recognized due to the
    contingent nature of the consideration. However, a liability is
    recorded for the identifiable net assets acquired, which
    represents the amount of negative goodwill upon initial purchase
    price allocation. Upon resolution of the contingency, adjustment
    to goodwill or against the identifiable net assets is to be made
    in accordance with SFAS&#160;No.&#160;141.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    The following table summarizes the fair value of the
    identifiable assets acquired and liabilities assumed by
    SearchMedia at the date of acquisition of US$219, which was
    based on a valuation performed by an independent valuation firm
    using the multiple period excess earnings method.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<TABLE border="0" width="100%" align="center" cellpadding="0" cellspacing="0" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
<!-- Table Width Row BEGIN -->
<TR style="font-size: 1pt" valign="bottom">
    <TD width="94%">&nbsp;</TD>	<!-- colindex=01 type=maindata -->
    <TD width="2%">&nbsp;</TD>	<!-- colindex=02 type=gutter -->
    <TD width="1%" align="right">&nbsp;</TD>	<!-- colindex=02 type=lead -->
    <TD width="2%" align="right">&nbsp;</TD>	<!-- colindex=02 type=body -->
    <TD width="1%" align="left">&nbsp;</TD>	<!-- colindex=02 type=hang1 -->
</TR>
<!-- Table Width Row END -->
<TR style="font-size: 8pt" valign="bottom" align="center">
<TD nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    <B>US$</B>
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR style="line-height: 3pt; font-size: 1pt">
<TD>&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Cash
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    25
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Accounts receivable, net of allowance for doubtful accounts
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    129
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Prepaid expenses and other current assets
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    227
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Amounts due from related parties
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    70
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Equipment
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    10
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Customer relationship (average amortization period: 2&#160;years)
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    148
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Lease agreements (average amortization period: 2&#160;years)
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    104
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Accounts payable
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    (61
</TD>
<TD nowrap align="left" valign="bottom">
    )
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Accrued expenses and other payables
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    (2
</TD>
<TD nowrap align="left" valign="bottom">
    )
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Deferred revenue
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    (143
</TD>
<TD nowrap align="left" valign="bottom">
    )
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Amounts due to related parties
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    (211
</TD>
<TD nowrap align="left" valign="bottom">
    )
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Income taxes payable
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    (35
</TD>
<TD nowrap align="left" valign="bottom">
    )
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Deferred tax liabilities
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    (42
</TD>
<TD nowrap align="left" valign="bottom">
    )
</TD>
</TR>
<TR valign="bottom" style="font-size: 1pt">
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Fair value of identifiable net assets
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    219
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="font-size: 1pt">
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
</TABLE>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">

</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

<TR>
    <TD width="4%"></TD>
    <TD width="96%"></TD>
</TR>

<TR valign="top">
    <TD>
    <B><I><FONT style="font-family: 'Times New Roman', Times">(h)&#160;&#160;</FONT></I></B>
</TD>
    <TD>
    <B><I><FONT style="font-family: 'Times New Roman', Times">Changsha
    Jingli Advertising Co., Ltd. (&#147;Changsha Jingli&#148;),
    Wenzhou Rigao Advertising Co., Ltd. (&#147;Wenzhou Rigao&#148;)
    and Wuxi Ruizhong Advertising Co., Ltd. (&#147;Wuxi
    Ruizhong&#148;)</FONT></I></B>
</TD>
</TR>

</TABLE>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    In July 2008, the Company acquired the respective advertising
    businesses of Changsha Jingli, Wenzhou Rigao and Wuxi Ruizhong.
    These entities are primarily engaged in the provision of
    advertising services using poster frames that are placed inside
    elevators in residential and commercial buildings in Changsha
    city, Wenzhou city and Wuxi city respectively of the PRC. These
    acquisitions allow the Group to expand its advertising business
    to different locations in the PRC. The purchase consideration
    for each acquisition is to be settled in cash and is contingent
    based on a range of multiples applied to the respective
    U.S.&#160;GAAP net income of Changsha Jingli, Wenzhou Rigao and
    Wuxi Ruizhong for each of the
    <FONT style="white-space: nowrap">12-month</FONT>
    periods in the
    <FONT style="white-space: nowrap">2-year</FONT>
    earn-out period ending June&#160;30, 2010. The contingent
    purchase price consideration for each entity is
</DIV>

<P align="center" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <BR>
    F-56
</DIV><!-- END PAGE WIDTH -->
<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>

<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->

<DIV style="margin-top: 18pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">SearchMedia
    International Limited<BR>
    </FONT></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">Notes to
    Consolidated Financial
    Statements&#160;&#151;&#160;(Continued)<BR>
    </FONT></B>
</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">(Amounts
    in thousands, except share data)</FONT></B>
</DIV>
<DIV style="margin-top: 18pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    payable once the audit of the U.S.&#160;GAAP net income for each
    individual
    <FONT style="white-space: nowrap">12-month</FONT>
    period during the earn-out period is completed. As such, the
    purchase price allocation cannot be completed until the
    contingencies are resolved. Because no cash or other assets were
    distributed or securities issued, and the contingent
    consideration was not determinable beyond a reasonable doubt at
    the date of acquisition, no goodwill was recognized due to the
    contingent nature of the consideration. However, a liability is
    recorded for the identifiable net assets acquired, which
    represents the amount of negative goodwill upon initial purchase
    price allocation. Upon resolution of the contingency, adjustment
    to goodwill or against the identifiable net assets is to be made
    in accordance with SFAS&#160;No.&#160;141.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    The following table summarizes the fair value of the
    identifiable assets acquired and liabilities assumed by Jingli
    at the date of acquisition for each of Changsha Jingli, Wenzhou
    Rigao and Wuxi Ruizhong, which was based on valuations performed
    by an independent valuation firm using the multiple period
    excess earnings method.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<TABLE border="0" width="100%" align="center" cellpadding="0" cellspacing="0" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
<!-- Table Width Row BEGIN -->
<TR style="font-size: 1pt" valign="bottom">
    <TD width="70%">&nbsp;</TD>	<!-- colindex=01 type=maindata -->
    <TD width="2%">&nbsp;</TD>	<!-- colindex=02 type=gutter -->
    <TD width="1%" align="right">&nbsp;</TD>	<!-- colindex=02 type=lead -->
    <TD width="6%" align="right">&nbsp;</TD>	<!-- colindex=02 type=body -->
    <TD width="1%" align="left">&nbsp;</TD>	<!-- colindex=02 type=hang1 -->
    <TD width="3%">&nbsp;</TD>	<!-- colindex=03 type=gutter -->
    <TD width="1%" align="right">&nbsp;</TD>	<!-- colindex=03 type=lead -->
    <TD width="5%" align="right">&nbsp;</TD>	<!-- colindex=03 type=body -->
    <TD width="1%" align="left">&nbsp;</TD>	<!-- colindex=03 type=hang1 -->
    <TD width="3%">&nbsp;</TD>	<!-- colindex=04 type=gutter -->
    <TD width="1%" align="right">&nbsp;</TD>	<!-- colindex=04 type=lead -->
    <TD width="5%" align="right">&nbsp;</TD>	<!-- colindex=04 type=body -->
    <TD width="1%" align="left">&nbsp;</TD>	<!-- colindex=04 type=hang1 -->
</TR>
<!-- Table Width Row END -->
<TR style="font-size: 8pt" valign="bottom" align="center">
<TD nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>Changsha<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>Wenzhou<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>Wuxi<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom" align="center">
<TD nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    <B>Jingli</B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    <B>Rigao</B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    <B>Ruizhong</B>
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom" align="center">
<TD nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>US$</B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>US$</B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>US$</B>
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR style="line-height: 3pt; font-size: 1pt">
<TD>&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Cash
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#150;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    25
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    31
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Accounts receivable, net of allowance for doubtful accounts
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    119
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    36
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    89
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Prepaid expenses and other current assets
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    73
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    9
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    51
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Equipment
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#150;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    41
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    28
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Customer relationship (average amortization period: 1&#160;year)
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    20
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    98
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    31
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Lease agreements (average amortization period: 2-3&#160;years)
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    36
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    144
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    168
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Accounts payable
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    (12
</TD>
<TD nowrap align="left" valign="bottom">
    )
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    (116
</TD>
<TD nowrap align="left" valign="bottom">
    )
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    (14
</TD>
<TD nowrap align="left" valign="bottom">
    )
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Amounts due to related parties
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    (11
</TD>
<TD nowrap align="left" valign="bottom">
    )
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#150;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    (2
</TD>
<TD nowrap align="left" valign="bottom">
    )
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Accrued expenses and other payables
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    (6
</TD>
<TD nowrap align="left" valign="bottom">
    )
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    (23
</TD>
<TD nowrap align="left" valign="bottom">
    )
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    (60
</TD>
<TD nowrap align="left" valign="bottom">
    )
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Deferred revenue
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#150;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    (66
</TD>
<TD nowrap align="left" valign="bottom">
    )
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    (44
</TD>
<TD nowrap align="left" valign="bottom">
    )
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Income taxes payable
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#150;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#150;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    (46
</TD>
<TD nowrap align="left" valign="bottom">
    )
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Deferred tax liabilities
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    (14
</TD>
<TD nowrap align="left" valign="bottom">
    )
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    (61
</TD>
<TD nowrap align="left" valign="bottom">
    )
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    (50
</TD>
<TD nowrap align="left" valign="bottom">
    )
</TD>
</TR>
<TR valign="bottom" style="font-size: 1pt">
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Fair value of identifiable net assets
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    205
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    87
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    182
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="font-size: 1pt">
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
</TABLE>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">

</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

<TR>
    <TD width="4%"></TD>
    <TD width="96%"></TD>
</TR>

<TR valign="top">
    <TD>
    <B><I><FONT style="font-family: 'Times New Roman', Times">(i)&#160;&#160;</FONT></I></B>
</TD>
    <TD>
    <B><I><FONT style="font-family: 'Times New Roman', Times">Unaudited
    pro forma financial information</FONT></I></B>
</TD>
</TR>

</TABLE>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    The following unaudited pro forma financial information presents
    the results of operations of the Group as if the acquisitions of
    the entities in notes&#160;3(a) to 3(h) had occurred as of the
    beginning of the period from February&#160;9, 2007 (date of
    inception) through December&#160;31, 2007 and for the year ended
    December&#160;31, 2008. These results include the impact of
    preliminary fair value adjustments on intangible assets and the
    related adjustments on deferred taxes. The unaudited pro forma
    financial information is not necessarily indicative of what the
    Group&#146;s consolidated results of operations would actually
    have been had it completed the acquisitions at the beginning of
    the period from February&#160;9, 2007 (date of inception)
    through December&#160;31, 2007 and for the year ended
    December&#160;31, 2008. In addition, the unaudited pro forma
    financial information does not attempt to project the future
    results of operations of the combined entity.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<P align="center" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <BR>
    F-57
</DIV><!-- END PAGE WIDTH -->
<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>

<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->

<DIV style="margin-top: 18pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">SearchMedia
    International Limited<BR>
    </FONT></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">Notes to
    Consolidated Financial
    Statements&#160;&#151;&#160;(Continued)<BR>
    </FONT></B>
</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">(Amounts
    in thousands, except share data)</FONT></B>
</DIV>
<DIV style="margin-top: 18pt; font-size: 1pt">&nbsp;</DIV>

<TABLE border="0" width="100%" align="center" cellpadding="0" cellspacing="0" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
<!-- Table Width Row BEGIN -->
<TR style="font-size: 1pt" valign="bottom">
    <TD width="69%">&nbsp;</TD>	<!-- colindex=01 type=maindata -->
    <TD width="2%">&nbsp;</TD>	<!-- colindex=02 type=gutter -->
    <TD width="1%" align="right">&nbsp;</TD>	<!-- colindex=02 type=lead -->
    <TD width="13%" align="right">&nbsp;</TD>	<!-- colindex=02 type=body -->
    <TD width="1%" align="left">&nbsp;</TD>	<!-- colindex=02 type=hang1 -->
    <TD width="3%">&nbsp;</TD>	<!-- colindex=03 type=gutter -->
    <TD width="1%" align="right">&nbsp;</TD>	<!-- colindex=03 type=lead -->
    <TD width="9%" align="right">&nbsp;</TD>	<!-- colindex=03 type=body -->
    <TD width="1%" align="left">&nbsp;</TD>	<!-- colindex=03 type=hang1 -->
</TR>
<!-- Table Width Row END -->
<TR style="font-size: 8pt" valign="bottom" align="center">
<TD nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>Period from<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom" align="center">
<TD nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>February&#160;9,<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom" align="center">
<TD nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>2007 (date of<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom" align="center">
<TD nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>inception) through<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>Year ended<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom" align="center">
<TD nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>December&#160;31,<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>December&#160;31,<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom" align="center">
<TD nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    <B>2007</B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    <B>2008</B>
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom" align="center">
<TD nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>US$</B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>US$</B>
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR style="line-height: 3pt; font-size: 1pt">
<TD>&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Advertising service revenues
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    20,030
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    95,093
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Income from operations
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    900
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    24,354
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Net income
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    491
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    5,444
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
</TABLE>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">

</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

<TR>
    <TD width="3%"></TD>
    <TD width="97%"></TD>
</TR>

<TR valign="top">
    <TD>
    <B><FONT style="font-family: 'Times New Roman', Times">4.&#160;&#160;</FONT></B>
</TD>
    <TD>
    <B><FONT style="font-family: 'Times New Roman', Times">Accounts
    receivable, net of allowance for doubtful accounts</FONT></B>
</TD>
</TR>

</TABLE>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Accounts receivable consist of the following:
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<TABLE border="0" width="100%" align="center" cellpadding="0" cellspacing="0" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
<!-- Table Width Row BEGIN -->
<TR style="font-size: 1pt" valign="bottom">
    <TD width="73%">&nbsp;</TD>	<!-- colindex=01 type=maindata -->
    <TD width="2%">&nbsp;</TD>	<!-- colindex=02 type=gutter -->
    <TD width="1%" align="right">&nbsp;</TD>	<!-- colindex=02 type=lead -->
    <TD width="9%" align="right">&nbsp;</TD>	<!-- colindex=02 type=body -->
    <TD width="1%" align="left">&nbsp;</TD>	<!-- colindex=02 type=hang1 -->
    <TD width="3%">&nbsp;</TD>	<!-- colindex=03 type=gutter -->
    <TD width="1%" align="right">&nbsp;</TD>	<!-- colindex=03 type=lead -->
    <TD width="9%" align="right">&nbsp;</TD>	<!-- colindex=03 type=body -->
    <TD width="1%" align="left">&nbsp;</TD>	<!-- colindex=03 type=hang1 -->
</TR>
<!-- Table Width Row END -->
<TR style="font-size: 8pt" valign="bottom" align="center">
<TD nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>December&#160;31,<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>December&#160;31,<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom" align="center">
<TD nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    <B>2007</B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    <B>2008</B>
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom" align="center">
<TD nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>US$</B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>US$</B>
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR style="line-height: 3pt; font-size: 1pt">
<TD>&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Accounts receivable
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    4,980
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    38,477
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Less: allowance for doubtful accounts
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    (160
</TD>
<TD nowrap align="left" valign="bottom">
    )
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    (1,469
</TD>
<TD nowrap align="left" valign="bottom">
    )
</TD>
</TR>
<TR valign="bottom" style="font-size: 1pt">
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 20pt">
    <B>Accounts receivable, net</B>
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    <B>4,820</B>
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    <B>37,008</B>
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="font-size: 1pt">
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
</TABLE>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">

</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    As of December&#160;31, 2007 and 2008, the Group&#146;s accounts
    receivable includes amounts earned and recognized as revenues of
    US$391 and US$4,484, respectively but not yet billed (unbilled
    receivables). Management expects all unbilled receivables to be
    billed and collected within 12&#160;months of the balance sheet
    date.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    The following table presents the movement of the allowance for
    doubtful accounts:
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<TABLE border="0" width="100%" align="center" cellpadding="0" cellspacing="0" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
<!-- Table Width Row BEGIN -->
<TR style="font-size: 1pt" valign="bottom">
    <TD width="69%">&nbsp;</TD>	<!-- colindex=01 type=maindata -->
    <TD width="2%">&nbsp;</TD>	<!-- colindex=02 type=gutter -->
    <TD width="1%" align="right">&nbsp;</TD>	<!-- colindex=02 type=lead -->
    <TD width="13%" align="right">&nbsp;</TD>	<!-- colindex=02 type=body -->
    <TD width="1%" align="left">&nbsp;</TD>	<!-- colindex=02 type=hang1 -->
    <TD width="3%">&nbsp;</TD>	<!-- colindex=03 type=gutter -->
    <TD width="1%" align="right">&nbsp;</TD>	<!-- colindex=03 type=lead -->
    <TD width="9%" align="right">&nbsp;</TD>	<!-- colindex=03 type=body -->
    <TD width="1%" align="left">&nbsp;</TD>	<!-- colindex=03 type=hang1 -->
</TR>
<!-- Table Width Row END -->
<TR style="font-size: 8pt" valign="bottom" align="center">
<TD nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>Period from<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom" align="center">
<TD nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>February&#160;9,<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom" align="center">
<TD nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>2007 (date of<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom" align="center">
<TD nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>inception) through<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>Year ended<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom" align="center">
<TD nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>December&#160;31,<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>December&#160;31,<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom" align="center">
<TD nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    <B>2007</B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    <B>2008</B>
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom" align="center">
<TD nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>US$</B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>US$</B>
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR style="line-height: 3pt; font-size: 1pt">
<TD>&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Beginning allowance for doubtful accounts
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#150;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    160
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Additions charged to bad debt expense
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    160
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    1,309
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="font-size: 1pt">
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 20pt">
    <B>Ending allowance for doubtful accounts</B>
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    <B>160</B>
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    <B>1,469</B>
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="font-size: 1pt">
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
</TABLE>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">

</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

<TR>
    <TD width="3%"></TD>
    <TD width="97%"></TD>
</TR>

<TR valign="top">
    <TD>
    <B><FONT style="font-family: 'Times New Roman', Times">5.&#160;&#160;</FONT></B>
</TD>
    <TD>
    <B><FONT style="font-family: 'Times New Roman', Times">Prepaid
    expenses and other current assets</FONT></B>
</TD>
</TR>

</TABLE>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Prepaid expenses and other current assets consist of the
    following:
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<TABLE border="0" width="100%" align="center" cellpadding="0" cellspacing="0" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
<!-- Table Width Row BEGIN -->
<TR style="font-size: 1pt" valign="bottom">
    <TD width="73%">&nbsp;</TD>	<!-- colindex=01 type=maindata -->
    <TD width="2%">&nbsp;</TD>	<!-- colindex=02 type=gutter -->
    <TD width="1%" align="right">&nbsp;</TD>	<!-- colindex=02 type=lead -->
    <TD width="9%" align="right">&nbsp;</TD>	<!-- colindex=02 type=body -->
    <TD width="1%" align="left">&nbsp;</TD>	<!-- colindex=02 type=hang1 -->
    <TD width="3%">&nbsp;</TD>	<!-- colindex=03 type=gutter -->
    <TD width="1%" align="right">&nbsp;</TD>	<!-- colindex=03 type=lead -->
    <TD width="9%" align="right">&nbsp;</TD>	<!-- colindex=03 type=body -->
    <TD width="1%" align="left">&nbsp;</TD>	<!-- colindex=03 type=hang1 -->
</TR>
<!-- Table Width Row END -->
<TR style="font-size: 8pt" valign="bottom" align="center">
<TD nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>December&#160;31,<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>December&#160;31,<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom" align="center">
<TD nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    <B>2007</B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    <B>2008</B>
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom" align="center">
<TD nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>US$</B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>US$</B>
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR style="line-height: 3pt; font-size: 1pt">
<TD>&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Prepaid rent
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    760
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    7,426
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Other prepaid expenses
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    441
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    3,224
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Rental deposits and other receivables
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    197
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    1,294
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="font-size: 1pt">
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 20pt">
    <B>Total prepaid expenses and other current assets</B>
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    <B>1,398</B>
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    <B>11,944</B>
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="font-size: 1pt">
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
</TABLE>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">

</DIV>

<P align="center" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    F-58
</DIV><!-- END PAGE WIDTH -->
<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>

<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->

<DIV style="margin-top: 18pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">SearchMedia
    International Limited<BR>
    </FONT></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">Notes to
    Consolidated Financial
    Statements&#160;&#151;&#160;(Continued)<BR>
    </FONT></B>
</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">(Amounts
    in thousands, except share data)</FONT></B>
</DIV>
<DIV style="margin-top: 18pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

<TR>
    <TD width="3%"></TD>
    <TD width="97%"></TD>
</TR>

<TR valign="top">
    <TD>
    <B><FONT style="font-family: 'Times New Roman', Times">6.&#160;&#160;</FONT></B>
</TD>
    <TD>
    <B><FONT style="font-family: 'Times New Roman', Times">Property
    and equipment, net</FONT></B>
</TD>
</TR>

</TABLE>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Property and equipment, net consist of the following:
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<TABLE border="0" width="100%" align="center" cellpadding="0" cellspacing="0" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
<!-- Table Width Row BEGIN -->
<TR style="font-size: 1pt" valign="bottom">
    <TD width="73%">&nbsp;</TD>	<!-- colindex=01 type=maindata -->
    <TD width="2%">&nbsp;</TD>	<!-- colindex=02 type=gutter -->
    <TD width="1%" align="right">&nbsp;</TD>	<!-- colindex=02 type=lead -->
    <TD width="9%" align="right">&nbsp;</TD>	<!-- colindex=02 type=body -->
    <TD width="1%" align="left">&nbsp;</TD>	<!-- colindex=02 type=hang1 -->
    <TD width="3%">&nbsp;</TD>	<!-- colindex=03 type=gutter -->
    <TD width="1%" align="right">&nbsp;</TD>	<!-- colindex=03 type=lead -->
    <TD width="9%" align="right">&nbsp;</TD>	<!-- colindex=03 type=body -->
    <TD width="1%" align="left">&nbsp;</TD>	<!-- colindex=03 type=hang1 -->
</TR>
<!-- Table Width Row END -->
<TR style="font-size: 8pt" valign="bottom" align="center">
<TD nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>December&#160;31,<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>December&#160;31,<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom" align="center">
<TD nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    <B>2007</B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    <B>2008</B>
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom" align="center">
<TD nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>US$</B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>US$</B>
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR style="line-height: 3pt; font-size: 1pt">
<TD>&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Leasehold improvements
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    68
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    216
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Advertising display equipment
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    4,128
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    6,839
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Furniture, fixtures and office equipment
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    170
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    979
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Motor vehicles
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    146
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    563
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="font-size: 1pt">
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    <B>Total cost of property and equipment</B>
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    <B>4,512</B>
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    <B>8,597</B>
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Less: accumulated depreciation and amortization
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    (123
</TD>
<TD nowrap align="left" valign="bottom">
    )
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    (1,342
</TD>
<TD nowrap align="left" valign="bottom">
    )
</TD>
</TR>
<TR valign="bottom" style="font-size: 1pt">
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    <B>Total property and equipment, net</B>
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    <B>4,389</B>
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    <B>7,255</B>
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="font-size: 1pt">
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
</TABLE>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">

</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Depreciation and amortization of property and equipment were
    allocated to the following categories of cost and expenses:
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<TABLE border="0" width="100%" align="center" cellpadding="0" cellspacing="0" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
<!-- Table Width Row BEGIN -->
<TR style="font-size: 1pt" valign="bottom">
    <TD width="69%">&nbsp;</TD>	<!-- colindex=01 type=maindata -->
    <TD width="2%">&nbsp;</TD>	<!-- colindex=02 type=gutter -->
    <TD width="1%" align="right">&nbsp;</TD>	<!-- colindex=02 type=lead -->
    <TD width="13%" align="right">&nbsp;</TD>	<!-- colindex=02 type=body -->
    <TD width="1%" align="left">&nbsp;</TD>	<!-- colindex=02 type=hang1 -->
    <TD width="3%">&nbsp;</TD>	<!-- colindex=03 type=gutter -->
    <TD width="1%" align="right">&nbsp;</TD>	<!-- colindex=03 type=lead -->
    <TD width="9%" align="right">&nbsp;</TD>	<!-- colindex=03 type=body -->
    <TD width="1%" align="left">&nbsp;</TD>	<!-- colindex=03 type=hang1 -->
</TR>
<!-- Table Width Row END -->
<TR style="font-size: 8pt" valign="bottom" align="center">
<TD nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>Period from<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom" align="center">
<TD nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>February&#160;9,<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom" align="center">
<TD nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>2007 (date of<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom" align="center">
<TD nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>inception) through<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>Year ended<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom" align="center">
<TD nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>December&#160;31,<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>December&#160;31,<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom" align="center">
<TD nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    <B>2007</B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    <B>2008</B>
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom" align="center">
<TD nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>US$</B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>US$</B>
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR style="line-height: 3pt; font-size: 1pt">
<TD>&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Cost of revenues
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    78
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    986
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    General and administrative expenses
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    30
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    202
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="font-size: 1pt">
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    <B>Total amortization</B>
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    <B>108</B>
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    <B>1,188</B>
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="font-size: 1pt">
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
</TABLE>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">

</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

<TR>
    <TD width="3%"></TD>
    <TD width="97%"></TD>
</TR>

<TR valign="top">
    <TD>
    <B><FONT style="font-family: 'Times New Roman', Times">7.&#160;&#160;</FONT></B>
</TD>
    <TD>
    <B><FONT style="font-family: 'Times New Roman', Times">Goodwill
    and other intangible assets</FONT></B>
</TD>
</TR>

</TABLE>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    The changes in carrying amount of goodwill are as follow:
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<TABLE border="0" width="100%" align="center" cellpadding="0" cellspacing="0" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
<!-- Table Width Row BEGIN -->
<TR style="font-size: 1pt" valign="bottom">
    <TD width="69%">&nbsp;</TD>	<!-- colindex=01 type=maindata -->
    <TD width="2%">&nbsp;</TD>	<!-- colindex=02 type=gutter -->
    <TD width="1%" align="right">&nbsp;</TD>	<!-- colindex=02 type=lead -->
    <TD width="13%" align="right">&nbsp;</TD>	<!-- colindex=02 type=body -->
    <TD width="1%" align="left">&nbsp;</TD>	<!-- colindex=02 type=hang1 -->
    <TD width="3%">&nbsp;</TD>	<!-- colindex=03 type=gutter -->
    <TD width="1%" align="right">&nbsp;</TD>	<!-- colindex=03 type=lead -->
    <TD width="9%" align="right">&nbsp;</TD>	<!-- colindex=03 type=body -->
    <TD width="1%" align="left">&nbsp;</TD>	<!-- colindex=03 type=hang1 -->
</TR>
<!-- Table Width Row END -->
<TR style="font-size: 8pt" valign="bottom" align="center">
<TD nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>Period from<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom" align="center">
<TD nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>February&#160;9,<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom" align="center">
<TD nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>2007 (date of<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom" align="center">
<TD nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>inception) through<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>Year ended<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom" align="center">
<TD nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>December&#160;31,<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>December&#160;31,<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom" align="center">
<TD nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    <B>2007</B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    <B>2008</B>
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom" align="center">
<TD nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>US$</B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>US$</B>
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR style="line-height: 3pt; font-size: 1pt">
<TD>&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Beginning balance of goodwill
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#150;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    444
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Recognized upon consolidation of Sige (note&#160;1(b))
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    424
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#150;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Recognized upon acquisitions of Shanghai Jincheng and Shaanxi
    Xinshichuang (notes&#160;3(a) and(b))
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#150;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    2,565
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Recognized upon resolution of contingent consideration of
    Beijing Wanshuizhiyuan, Shenyang Xicheng and Qingdao Kaixiang
    (note&#160;3(c))
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#150;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    23,105
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Foreign currency exchange translation
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    20
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    34
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="font-size: 1pt">
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    <B>Ending balance of goodwill</B>
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    <B>444</B>
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    <B>26,148</B>
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="font-size: 1pt">
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
</TABLE>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">

</DIV>

<P align="center" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <BR>
    F-59
</DIV><!-- END PAGE WIDTH -->
<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>

<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->

<DIV style="margin-top: 18pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">SearchMedia
    International Limited<BR>
    </FONT></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">Notes to
    Consolidated Financial
    Statements&#160;&#151;&#160;(Continued)<BR>
    </FONT></B>
</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">(Amounts
    in thousands, except share data)</FONT></B>
</DIV>
<DIV style="margin-top: 18pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Intangible assets other than goodwill consist of the following:
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<TABLE border="0" width="100%" align="center" cellpadding="0" cellspacing="0" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
<!-- Table Width Row BEGIN -->
<TR style="font-size: 1pt" valign="bottom">
    <TD width="55%">&nbsp;</TD>	<!-- colindex=01 type=maindata -->
    <TD width="2%">&nbsp;</TD>	<!-- colindex=02 type=gutter -->
    <TD width="1%" align="right">&nbsp;</TD>	<!-- colindex=02 type=lead -->
    <TD width="13%" align="right">&nbsp;</TD>	<!-- colindex=02 type=body -->
    <TD width="1%" align="left">&nbsp;</TD>	<!-- colindex=02 type=hang1 -->
    <TD width="3%">&nbsp;</TD>	<!-- colindex=03 type=gutter -->
    <TD width="1%" align="right">&nbsp;</TD>	<!-- colindex=03 type=lead -->
    <TD width="9%" align="right">&nbsp;</TD>	<!-- colindex=03 type=body -->
    <TD width="1%" align="left">&nbsp;</TD>	<!-- colindex=03 type=hang1 -->
    <TD width="3%">&nbsp;</TD>	<!-- colindex=04 type=gutter -->
    <TD width="1%" align="right">&nbsp;</TD>	<!-- colindex=04 type=lead -->
    <TD width="9%" align="right">&nbsp;</TD>	<!-- colindex=04 type=body -->
    <TD width="1%" align="left">&nbsp;</TD>	<!-- colindex=04 type=hang1 -->
</TR>
<!-- Table Width Row END -->
<TR style="font-size: 8pt" valign="bottom" align="center">
<TD nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <I>Weighted average<BR>
    </I>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>December&#160;31,<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>December&#160;31,<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom" align="center">
<TD nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    <I>amortization period</I>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    <B>2007</B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    <B>2008</B>
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom" align="center">
<TD nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>US$</B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>US$</B>
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR style="line-height: 3pt; font-size: 1pt">
<TD>&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Gross amount
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 30pt">
    Customer relationship
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    1-3&#160;years
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    60
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    2,991
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 30pt">
    Lease agreements
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    1-4&#160;years
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    183
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    5,927
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="font-size: 1pt">
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    243
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    8,918
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="font-size: 1pt">
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Accumulated amortization
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 30pt">
     Customer relationship
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    (60
</TD>
<TD nowrap align="left" valign="bottom">
    )
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    (1,795
</TD>
<TD nowrap align="left" valign="bottom">
    )
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 30pt">
    Lease agreements
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    (102
</TD>
<TD nowrap align="left" valign="bottom">
    )
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    (1,888
</TD>
<TD nowrap align="left" valign="bottom">
    )
</TD>
</TR>
<TR valign="bottom" style="font-size: 1pt">
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    (162
</TD>
<TD nowrap align="left" valign="bottom">
    )
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    (3,683
</TD>
<TD nowrap align="left" valign="bottom">
    )
</TD>
</TR>
<TR valign="bottom" style="font-size: 1pt">
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 20pt">
    <B>Net intangible assets</B>
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    <B>81</B>
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    <B>5,235</B>
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="font-size: 1pt">
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
</TABLE>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">

</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Amortization of intangible assets was allocated to the following
    categories of cost and expenses:
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<TABLE border="0" width="100%" align="center" cellpadding="0" cellspacing="0" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
<!-- Table Width Row BEGIN -->
<TR style="font-size: 1pt" valign="bottom">
    <TD width="69%">&nbsp;</TD>	<!-- colindex=01 type=maindata -->
    <TD width="2%">&nbsp;</TD>	<!-- colindex=02 type=gutter -->
    <TD width="1%" align="right">&nbsp;</TD>	<!-- colindex=02 type=lead -->
    <TD width="13%" align="right">&nbsp;</TD>	<!-- colindex=02 type=body -->
    <TD width="1%" align="left">&nbsp;</TD>	<!-- colindex=02 type=hang1 -->
    <TD width="3%">&nbsp;</TD>	<!-- colindex=03 type=gutter -->
    <TD width="1%" align="right">&nbsp;</TD>	<!-- colindex=03 type=lead -->
    <TD width="9%" align="right">&nbsp;</TD>	<!-- colindex=03 type=body -->
    <TD width="1%" align="left">&nbsp;</TD>	<!-- colindex=03 type=hang1 -->
</TR>
<!-- Table Width Row END -->
<TR style="font-size: 8pt" valign="bottom" align="center">
<TD nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>Period from<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom" align="center">
<TD nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>February&#160;9,<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom" align="center">
<TD nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>2007 (date of<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom" align="center">
<TD nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>inception) through<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>Year ended<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom" align="center">
<TD nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>December&#160;31,<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>December&#160;31,<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom" align="center">
<TD nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    <B>2007</B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    <B>2008</B>
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom" align="center">
<TD nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>US$</B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>US$</B>
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR style="line-height: 3pt; font-size: 1pt">
<TD>&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Cost of revenues
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    132
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    1,756
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Sales and marketing expenses
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    86
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    1,709
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="font-size: 1pt">
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 20pt">
    <B>Total amortization</B>
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    <B>218</B>
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    <B>3,465</B>
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="font-size: 1pt">
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
</TABLE>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">

</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Future expected amortization of intangible assets as of
    December&#160;31, 2008 are as follows:
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<TABLE border="0" width="100%" align="center" cellpadding="0" cellspacing="0" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
<!-- Table Width Row BEGIN -->
<TR style="font-size: 1pt" valign="bottom">
    <TD width="93%">&nbsp;</TD>	<!-- colindex=01 type=maindata -->
    <TD width="2%">&nbsp;</TD>	<!-- colindex=02 type=gutter -->
    <TD width="1%" align="right">&nbsp;</TD>	<!-- colindex=02 type=lead -->
    <TD width="3%" align="right">&nbsp;</TD>	<!-- colindex=02 type=body -->
    <TD width="1%" align="left">&nbsp;</TD>	<!-- colindex=02 type=hang1 -->
</TR>
<!-- Table Width Row END -->
<TR style="font-size: 8pt" valign="bottom" align="center">
<TD nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    <B>US$</B>
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR style="line-height: 3pt; font-size: 1pt">
<TD>&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    2009
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    2,974
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    2010
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    1,735
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    2011
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    505
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    2012
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    21
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="font-size: 1pt">
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    <B>5,235</B>
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="font-size: 1pt">
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
</TABLE>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">

</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

<TR>
    <TD width="3%"></TD>
    <TD width="97%"></TD>
</TR>

<TR valign="top">
    <TD>
    <B><FONT style="font-family: 'Times New Roman', Times">8.&#160;&#160;</FONT></B>
</TD>
    <TD>
    <B><FONT style="font-family: 'Times New Roman', Times">Short-term
    borrowings</FONT></B>
</TD>
</TR>

</TABLE>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    The Group&#146;s short-term borrowing as of December&#160;31,
    2007 represented a RMB denominated secured short-term bank loan
    of US$2,084 (RMB15,200) which was provided by Deutsche Bank A.G,
    an affiliated entity of one of the holders of Series&#160;B
    redeemable convertible preferred shares and was secured by
    US$4,000 bank deposit. The short-term bank loan did not contain
    any financial covenants and bore interest at a fixed rate of
    5.832% per annum. The loan was fully repaid in January 2008.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    The Group&#146;s short term borrowings as of December&#160;31,
    2008 represent a short-term bank loan of US$36, unsecured
    promissory notes of US$1,700 and an unsecured loan of US$120.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    The short-term bank loan of US$36 is guaranteed by management
    personnel of a subsidiary, bears interest at HIBOR minus 1%, has
    maturity through April 2009 and does not contain any financial
    covenants.
</DIV>

<P align="center" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <BR>
    F-60
</DIV><!-- END PAGE WIDTH -->
<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>

<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->

<DIV style="margin-top: 18pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">SearchMedia
    International Limited<BR>
    </FONT></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">Notes to
    Consolidated Financial
    Statements&#160;&#151;&#160;(Continued)<BR>
    </FONT></B>
</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">(Amounts
    in thousands, except share data)</FONT></B>
</DIV>
<DIV style="margin-top: 18pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    On August&#160;29, 2008, the Company issued promissory notes to
    a third party investor and an existing Series&#160;A preferred
    shareholder for cash of US$700 and US$1,000, respectively
    (&#147;First Interim Notes&#148;). The First Interim Notes
    mature at the earlier of (i)&#160;the date following six months
    after the execution of the First Interim Notes (that is,
    February&#160;28, 2009); and (ii)&#160;upon the completion of a
    next equity financing of the Company subsequent to the issuance
    of the First Interim Notes. The First Interim Notes are
    unsecured and bear interest at 15% per annum. On March&#160;27,
    2009, the maturity date of the First Interim Notes was extended
    to September&#160;30, 2009.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    On December&#160;19, 2008, the Company obtained a short-term
    loan of US$120 from a third party lender. This loan has a
    maturity date at the earlier of (i)&#160;the closing of a
    reverse recapitalization transaction with a Special Purpose
    Acquisition Company pursuant to an agreement and plan of merger,
    conversion and share exchange agreement entered into on
    March&#160;31, 2009 (see note&#160;9); and
    (ii)&#160;December&#160;17, 2009, is unsecured and bears
    interest at 15% per annum.
</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

<TR>
    <TD width="3%"></TD>
    <TD width="97%"></TD>
</TR>

<TR valign="top">
    <TD>
    <B><FONT style="font-family: 'Times New Roman', Times">9.&#160;&#160;</FONT></B>
</TD>
    <TD>
    <B><FONT style="font-family: 'Times New Roman', Times">Promissory
    notes and warrants</FONT></B>
</TD>
</TR>

</TABLE>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    On March&#160;17, 2008, the Company issued convertible
    promissory notes (the &#147;Notes&#148;) to two investors (one
    being an existing Series&#160;A preferred shareholder) for total
    cash consideration of US$12,000. The Notes bore interest at 12%
    per annum and matured on September&#160;17, 2008. The investors
    of the Notes had the right to convert the principal amount of
    the Notes plus any accrued and unpaid interest into the
    Company&#146;s equity securities issued and sold before maturity
    (&#147;the Next Equity Financing&#148;) at a conversion price
    equal to 80% of the Next Equity Financing issue price.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    The Company also granted the Notes investors warrants to
    purchase the Company&#146;s equity securities issued at the Next
    Equity Financing at an exercise price of 80% of the Next Equity
    Financing issue price (&#147;Note Warrants&#148;). The Note
    Warrants had an exercise period of three years commencing
    March&#160;17, 2008. The number of shares issuable under the
    Note Warrants is equal to (a)&#160;25% of the original principal
    amount of the Notes (&#147;Warrant Coverage&#148;), or US$3,000,
    divided by (b)&#160;80% of the actual purchase price per share
    of the Next Equity Financing. Since Series&#160;C redeemable
    convertible preferred shares, with an issuance price of US$2.63
    per share (see note&#160;12(c)), were the Next Equity Financing,
    the purchase price used to determine the number of shares
    issuable under the Note Warrants has been determined to be
    US$2.104 per share.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    The gross proceeds from the issuance the Notes of US$12,000 were
    first allocated to the fair value of Note Warrants of US$2,100,
    which was presented within accrued expenses and other payables.
    The Note Warrants were determined to be a liability at inception
    pursuant to SFAS&#160;150 &#147;<I>Accounting for Certain
    Financial Instruments with Characteristics of both Liabilities
    and Equity</I>&#148; because it embodies a conditional
    obligation that requires the issuer to settle the obligation by
    transferring a number of its ordinary shares if the holder
    exercises the Note Warrants and at inception the obligation has
    a monetary value that is based solely on variations inversely
    related to changes in the fair value of the issuer&#146;s equity
    shares. The remaining balance of the gross proceeds of US$9,900
    was recorded as promissory notes. Total issuance costs of US$349
    were initially recognized as a separate asset in the
    consolidated balance sheet. The discount on convertible notes of
    US$2,100 and the Notes issuance costs of US$349 was amortized to
    interest expense using the effective interest rate method.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Subsequent to initial recognition, the intrinsic value of the
    contingent beneficial conversion feature of US$5,100, which was
    measured as of March&#160;17, 2008, was recognized as an
    additional Notes discount with a corresponding credit to
    additional paid-in capital on May&#160;30, 2008, being the date
    of the triggering event (that is, the issuance of Next Equity
    Financing). The additional Notes discount and debt issue costs
    were fully amortized to interest expense over the term of the
    Notes from May&#160;30, 2008 to September&#160;17, 2008.
</DIV>

<P align="center" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <BR>
    F-61
</DIV><!-- END PAGE WIDTH -->
<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>

<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->

<DIV style="margin-top: 18pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">SearchMedia
    International Limited<BR>
    </FONT></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">Notes to
    Consolidated Financial
    Statements&#160;&#151;&#160;(Continued)<BR>
    </FONT></B>
</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">(Amounts
    in thousands, except share data)</FONT></B>
</DIV>
<DIV style="margin-top: 18pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    For the year ended December&#160;31, 2008, the amortization of
    discount on the Notes was US$7,200, the interest on the Notes
    was US$720, and the amortisation of issuance costs was US$349,
    all of which were included in interest expense. The Note Warrant
    liability was recorded at its fair value of US$1,618 as of
    December&#160;31, 2008, with the change in fair value of US$482
    recognized in the consolidated statement of income for the year
    ended December&#160;31, 2008.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    On September&#160;17, 2008, one of the Notes investors converted
    its Notes with principal sum of US$2,000 and related accrued
    interest of US$120 into 1,042,995 Series&#160;C redeemable
    convertible preferred shares at a conversion price of US$2.104
    per share. On the same date, the other Notes investor cancelled
    the Notes with principal sum of US10,000 plus accrued interest
    of US$600 and all the related conversion right in exchange for a
    new promissory note (the &#147;New Note&#148;) with principal
    sum of US$15,000. The New Note does not have a conversion right,
    bears interest at 12% per annum and matured on December&#160;17,
    2008. The related intrinsic value of the contingent beneficial
    conversion feature of US$1,182 at the extinguishment date (that
    is, September&#160;17, 2008)&#160;was charged to additional
    paid-in capital. A loss on extinguishment of the Notes of
    US$3,218 was recognized in the consolidated statement of income
    for the year ended December&#160;31, 2008.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    The principal amount and accrued interest of the New Note was
    not repaid as of December&#160;17, 2008 and the terms of the New
    Note were amended through a series of agreements between the New
    Note investor and the Company. As of December&#160;31, 2008, the
    interest rate of the New Note remained at 12% per annum and the
    expiration date of the Note Warrants was extended to
    December&#160;17, 2013. In connection with the issuance of the
    New Note, the Company agreed to pledge all of its equity
    interests (&#147;Collateral&#148;) in Jieli Consulting, Jieli
    Network, Great Talent and Ad-Icon (collectively as
    &#147;Guarantors&#148;) to guarantee the Company&#146;s
    obligations owed to the New Note investor.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    On March&#160;12, 2009, the New Note remained unpaid and the New
    Note investor agreed with the Company (subject to certain
    conditions as discussed below) to extend the maturity date of
    the New Note to a New Maturity Date which is defined as the
    earlier of (i)&#160;the closing of a new equity financing by the
    Company; (ii)&#160;the closing of a reverse recapitalization
    transaction with a Special Purpose Acquisition Company pursuant
    to a plan of merger, conversion and share exchange agreement
    (the &#147;Share Exchange Agreement&#148;); and (iii)&#160;the
    termination of the Share Exchange Agreement. Further, the
    effective date for the increase in Warrant Coverage by US$750
    for each month that the New Note remains outstanding<B>,
    </B>pro-rated by reference to the principal sum of the New Note
    then outstanding after any partial repayment in proportion to
    the principal sum of the New Note of US$15,000, is postponed to
    the New Maturity Date while the interest rate of the New Note
    shall remain at 12% per annum until the New Maturity Date after
    which the interest rate of 20% per annum shall take effect.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    In addition, the terms of the Note Warrants were amended such
    that (i)&#160;the Next Equity Financing shall also include the
    closing of an acquisition or merger of the Company;
    (ii)&#160;equity securities shall also include securities of the
    acquiring person in an acquisition; and (iii)&#160;the exercise
    price per share shall be equal to 80% of the price per share (on
    an as-if-converted basis) paid by the investors or the acquiring
    person. The Note Warrants shall be converted into a warrant to
    purchase ordinary shares of the Special Purpose Acquisition
    Company&#146;s successor pursuant to the Share Exchange
    Agreement.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    On March&#160;28, 2009, the Company&#146;s shareholders and
    board of directors resolved to amend the exercise price of Note
    Warrants from US$2.104 per share to US$0.44 per share as a
    result of the re-pricing of Series&#160;C redeemable convertible
    preferred shares (see note&#160;21(c)).
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    On March&#160;31, 2009, the Share Exchange Agreement was
    executed. Pursuant to the Share Exchange Agreement, if the
    reverse recapitalization transaction is approved by the
    shareholders of the Special Purpose Acquisition Company,
    US$10,000 of the outstanding New Note shall be converted into
    either preferred shares or ordinary shares of the Special
    Purpose Acquisition Company as of the closing date of the
    reverse
</DIV>

<P align="center" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <BR>
    F-62
</DIV><!-- END PAGE WIDTH -->
<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>

<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->

<DIV style="margin-top: 18pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">SearchMedia
    International Limited<BR>
    </FONT></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">Notes to
    Consolidated Financial
    Statements&#160;&#151;&#160;(Continued)<BR>
    </FONT></B>
</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">(Amounts
    in thousands, except share data)</FONT></B>
</DIV>
<DIV style="margin-top: 18pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    recapitalization transaction with the Special Purpose
    Acquisition Company (&#147;Closing Date&#148;). The remaining
    outstanding balance of US$5,000 of the New Note plus all accrued
    and unpaid interest on the principal sum of US$15,000 of the New
    Note as of the Closing Date shall be paid in cash to the New
    Note investor.
</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

<TR>
    <TD width="5%"></TD>
    <TD width="95%"></TD>
</TR>

<TR valign="top">
    <TD>
    <B><FONT style="font-family: 'Times New Roman', Times">10.&#160;&#160;</FONT></B>
</TD>
    <TD>
    <B><FONT style="font-family: 'Times New Roman', Times">Accrued
    expenses and other payables</FONT></B>
</TD>
</TR>

</TABLE>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Accrued expenses and other payables consist of the following:
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<TABLE border="0" width="100%" align="center" cellpadding="0" cellspacing="0" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
<!-- Table Width Row BEGIN -->
<TR style="font-size: 1pt" valign="bottom">
    <TD width="73%">&nbsp;</TD>	<!-- colindex=01 type=maindata -->
    <TD width="2%">&nbsp;</TD>	<!-- colindex=02 type=gutter -->
    <TD width="1%" align="right">&nbsp;</TD>	<!-- colindex=02 type=lead -->
    <TD width="9%" align="right">&nbsp;</TD>	<!-- colindex=02 type=body -->
    <TD width="1%" align="left">&nbsp;</TD>	<!-- colindex=02 type=hang1 -->
    <TD width="3%">&nbsp;</TD>	<!-- colindex=03 type=gutter -->
    <TD width="1%" align="right">&nbsp;</TD>	<!-- colindex=03 type=lead -->
    <TD width="9%" align="right">&nbsp;</TD>	<!-- colindex=03 type=body -->
    <TD width="1%" align="left">&nbsp;</TD>	<!-- colindex=03 type=hang1 -->
</TR>
<!-- Table Width Row END -->
<TR style="font-size: 8pt" valign="bottom" align="center">
<TD nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>December&#160;31,<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>December&#160;31,<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom" align="center">
<TD nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    <B>2007</B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    <B>2008</B>
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom" align="center">
<TD nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>US$</B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>US$</B>
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR style="line-height: 3pt; font-size: 1pt">
<TD>&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Accrued payroll and staff benefits
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    399
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    742
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Business tax and surcharges payable
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    805
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    5,971
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Note Warrant liability
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#150;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    1,618
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Other accrued liabilities
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    179
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    4,887
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="font-size: 1pt">
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 20pt">
    <B>Total accrued expenses and other payables</B>
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    <B>1,383</B>
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    <B>13,218</B>
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="font-size: 1pt">
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
</TABLE>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">

</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

<TR>
    <TD width="5%"></TD>
    <TD width="95%"></TD>
</TR>

<TR valign="top">
    <TD>
    <B><FONT style="font-family: 'Times New Roman', Times">11.&#160;&#160;</FONT></B>
</TD>
    <TD>
    <B><FONT style="font-family: 'Times New Roman', Times">Related
    party transactions and balances</FONT></B>
</TD>
</TR>

</TABLE>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

<TR>
    <TD width="4%"></TD>
    <TD width="96%"></TD>
</TR>

<TR valign="top">
    <TD>
    <B><I><FONT style="font-family: 'Times New Roman', Times">(a)&#160;&#160;</FONT></I></B>
</TD>
    <TD>
    <B><I><FONT style="font-family: 'Times New Roman', Times">Related
    party transactions</FONT></I></B>
</TD>
</TR>

</TABLE>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    In the ordinary course of business, the Group enters into
    certain transactions with its related parties. Management
    believes that these related party transactions were conducted at
    normal commercial terms. For the periods presented, material
    related party transactions are summarized as follows:
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<TABLE border="0" width="100%" align="center" cellpadding="0" cellspacing="0" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
<!-- Table Width Row BEGIN -->
<TR style="font-size: 1pt" valign="bottom">
    <TD width="59%">&nbsp;</TD>	<!-- colindex=01 type=maindata -->
    <TD width="2%">&nbsp;</TD>	<!-- colindex=02 type=gutter -->
    <TD width="1%" align="right">&nbsp;</TD>	<!-- colindex=02 type=lead -->
    <TD width="1%" align="right">&nbsp;</TD>	<!-- colindex=02 type=body -->
    <TD width="1%" align="left">&nbsp;</TD>	<!-- colindex=02 type=hang1 -->
    <TD width="3%">&nbsp;</TD>	<!-- colindex=03 type=gutter -->
    <TD width="1%" align="right">&nbsp;</TD>	<!-- colindex=03 type=lead -->
    <TD width="13%" align="right">&nbsp;</TD>	<!-- colindex=03 type=body -->
    <TD width="1%" align="left">&nbsp;</TD>	<!-- colindex=03 type=hang1 -->
    <TD width="3%">&nbsp;</TD>	<!-- colindex=04 type=gutter -->
    <TD width="1%" align="right">&nbsp;</TD>	<!-- colindex=04 type=lead -->
    <TD width="9%" align="right">&nbsp;</TD>	<!-- colindex=04 type=body -->
    <TD width="1%" align="left">&nbsp;</TD>	<!-- colindex=04 type=hang1 -->
    <TD width="3%">&nbsp;</TD>	<!-- colindex=05 type=gutter -->
    <TD width="1%" align="right">&nbsp;</TD>	<!-- colindex=05 type=lead -->
    <TD width="1%" align="right">&nbsp;</TD>	<!-- colindex=05 type=body -->
    <TD width="1%" align="left">&nbsp;</TD>	<!-- colindex=05 type=hang1 -->
</TR>
<!-- Table Width Row END -->
<TR style="font-size: 8pt" valign="bottom" align="center">
<TD nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>Period from<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom" align="center">
<TD nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>February&#160;9,<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom" align="center">
<TD nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>2007 (date of<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom" align="center">
<TD nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>inception) through<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>Year ended<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom" align="center">
<TD nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>December&#160;31,<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>December&#160;31,<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom" align="center">
<TD nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    <B>2007</B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    <B>2008</B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom" align="center">
<TD nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>Note</B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>US$</B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>US$</B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR style="line-height: 3pt; font-size: 1pt">
<TD>&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Revenue from provision of advertising services
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    (i
</TD>
<TD nowrap align="left" valign="bottom">
    )
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#150;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    7,040
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Expenses for leases of advertising space
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    (ii
</TD>
<TD nowrap align="left" valign="bottom">
    )
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#150;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    4,148
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="font-size: 1pt">
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
</TABLE>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">

</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV style="font-size: 1pt; margin-left: 0%; width: 13%;  align: left; border-bottom: 1pt solid #000000"></DIV><!-- callerid=999 iwidth=456 length=60 -->

<DIV style="margin-top: 3pt; font-size: 1pt">&nbsp;</DIV>



<DIV align="left" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <FONT style="font-family: 'Times New Roman', Times">Note:
    </FONT>
</DIV>



<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">

<TR>
    <TD width="3%"></TD>
    <TD width="1%"></TD>
    <TD width="96%"></TD>
</TR>

<TR>
    <TD align="right" valign="top">
    (i) </TD>
    <TD></TD>
    <TD valign="bottom">
    Represents amounts received / receivable from affiliated
    entities of senior management personnel of certain companies
    acquired by Jingli (see note&#160;3), for provision of
    advertising services to these entities. The transactions are
    conducted on terms comparable to the terms of transactions with
    third parties.</TD>
</TR>


<TR style="line-height: 3pt; font-size: 1pt"><TD>&nbsp;</TD></TR>

<TR>
    <TD align="right" valign="top">
    (ii) </TD>
    <TD></TD>
    <TD valign="bottom">
    Represents amounts paid / payable to affiliated entities of
    senior management personnel of certain companies acquired by
    Jingli (see note&#160;3), for leases of advertising spaces from
    these entities. The transactions are conducted on terms
    comparable to the terms of transactions with third parties.</TD>
</TR>

</TABLE>

<P align="center" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <BR>
    F-63
</DIV><!-- END PAGE WIDTH -->
<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>

<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->

<DIV style="margin-top: 18pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">SearchMedia
    International Limited<BR>
    </FONT></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">Notes to
    Consolidated Financial
    Statements&#160;&#151;&#160;(Continued)<BR>
    </FONT></B>
</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">(Amounts
    in thousands, except share data)</FONT></B>
</DIV>
<DIV style="margin-top: 18pt; font-size: 1pt">&nbsp;</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

<TR>
    <TD width="4%"></TD>
    <TD width="96%"></TD>
</TR>

<TR valign="top">
    <TD>
    <B><I><FONT style="font-family: 'Times New Roman', Times">(b)&#160;&#160;</FONT></I></B>
</TD>
    <TD>
    <B><I><FONT style="font-family: 'Times New Roman', Times">Amounts
    due from / to related parties are analyzed as
    follows:</FONT></I></B>
</TD>
</TR>

</TABLE>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<TABLE border="0" width="100%" align="center" cellpadding="0" cellspacing="0" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
<!-- Table Width Row BEGIN -->
<TR style="font-size: 1pt" valign="bottom">
    <TD width="67%">&nbsp;</TD>	<!-- colindex=01 type=maindata -->
    <TD width="2%">&nbsp;</TD>	<!-- colindex=02 type=gutter -->
    <TD width="1%" align="right">&nbsp;</TD>	<!-- colindex=02 type=lead -->
    <TD width="1%" align="right">&nbsp;</TD>	<!-- colindex=02 type=body -->
    <TD width="1%" align="left">&nbsp;</TD>	<!-- colindex=02 type=hang1 -->
    <TD width="3%">&nbsp;</TD>	<!-- colindex=03 type=gutter -->
    <TD width="1%" align="right">&nbsp;</TD>	<!-- colindex=03 type=lead -->
    <TD width="9%" align="right">&nbsp;</TD>	<!-- colindex=03 type=body -->
    <TD width="1%" align="left">&nbsp;</TD>	<!-- colindex=03 type=hang1 -->
    <TD width="3%">&nbsp;</TD>	<!-- colindex=04 type=gutter -->
    <TD width="1%" align="right">&nbsp;</TD>	<!-- colindex=04 type=lead -->
    <TD width="9%" align="right">&nbsp;</TD>	<!-- colindex=04 type=body -->
    <TD width="1%" align="left">&nbsp;</TD>	<!-- colindex=04 type=hang1 -->
</TR>
<!-- Table Width Row END -->
<TR style="font-size: 8pt" valign="bottom" align="center">
<TD nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>December&#160;31,<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>December&#160;31,<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom" align="center">
<TD nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    <B>2007</B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    <B>2008</B>
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom" align="center">
<TD nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>Note</B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>US$</B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>US$</B>
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR style="line-height: 3pt; font-size: 1pt">
<TD>&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Customer payments collected on behalf of the Group
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    (i
</TD>
<TD nowrap align="left" valign="bottom">
    )
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    311
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    7,418
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Receivables for provision of advertising services
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    (ii
</TD>
<TD nowrap align="left" valign="bottom">
    )
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#150;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    3,738
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Advances to senior management personnel
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    (iii
</TD>
<TD nowrap align="left" valign="bottom">
    )
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#150;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    337
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="font-size: 1pt">
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 30pt">
    Due from related parties
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    <B>311</B>
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    <B>11,493</B>
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="font-size: 1pt">
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Operating expenses paid on behalf of the Group
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    (iv
</TD>
<TD nowrap align="left" valign="bottom">
    )
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#150;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    227
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Payables for the lease of advertising space
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    (v
</TD>
<TD nowrap align="left" valign="bottom">
    )
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#150;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    490
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="font-size: 1pt">
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 30pt">
    Due to related parties
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#150;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    <B>717</B>
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="font-size: 1pt">
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
</TABLE>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">

</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV style="font-size: 1pt; margin-left: 0%; width: 13%;  align: left; border-bottom: 1pt solid #000000"></DIV><!-- callerid=999 iwidth=456 length=60 -->

<DIV style="margin-top: 3pt; font-size: 1pt">&nbsp;</DIV>



<DIV align="left" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <FONT style="font-family: 'Times New Roman', Times">Note:
    </FONT>
</DIV>



<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">

<TR>
    <TD width="3%"></TD>
    <TD width="1%"></TD>
    <TD width="96%"></TD>
</TR>

<TR>
    <TD align="right" valign="top">
    (i) </TD>
    <TD></TD>
    <TD valign="bottom">
    Represents customer payments collected by the Company&#146;s
    shareholders and senior management personnel of Jingli&#146;s
    acquired subsidiaries on behalf of the Group companies which had
    not been remitted to the Group companies as of the balance sheet
    date. During the year ended December&#160;31, 2008, certain
    customers remitted cash to individual shareholders of the
    Company and senior management personnel of certain subsidiaries
    of the Company to settle the amounts they owed to the Group. The
    amounts received by the shareholders and the senior management
    personnel are repaid back to the Group on a periodic basis and
    75% of the outstanding balance as of December&#160;31, 2008 has
    been repaid to the Group by June&#160;30, 2009. The remaining
    balance is expected to be repaid to the Group within 2009.</TD>
</TR>


<TR style="line-height: 3pt; font-size: 1pt"><TD>&nbsp;</TD></TR>

<TR>
    <TD align="right" valign="top">
    (ii) </TD>
    <TD></TD>
    <TD valign="bottom">
    Represents amount receivable from affiliated companies of
    certain companies acquired by Jingli (see note&#160;3)&#160;for
    advertising services provided by the Group to these entities as
    described in note&#160;11(a)(i) above. These amounts are
    repayable in accordance with normal payment terms with other
    unrelated customers.</TD>
</TR>


<TR style="line-height: 3pt; font-size: 1pt"><TD>&nbsp;</TD></TR>

<TR>
    <TD align="right" valign="top">
    (iii) </TD>
    <TD></TD>
    <TD valign="bottom">
    Represents the advances made by the Group to the senior
    management personnel of certain companies acquired by Jingli
    (see note&#160;3). The amounts are interest free and are
    expected to be settled within 12&#160;months from the balance
    sheet date and are secured by the contingent purchase price
    payable of certain companies acquired by Jingli (see
    note&#160;3)&#160;to the previous owners of the acquired
    companies.</TD>
</TR>


<TR style="line-height: 3pt; font-size: 1pt"><TD>&nbsp;</TD></TR>

<TR>
    <TD align="right" valign="top">
    (iv) </TD>
    <TD></TD>
    <TD valign="bottom">
    Represents operating expenses paid by the senior management
    personnel of certain companies acquired by Jingli (see
    note&#160;3)&#160;on behalf of the Group. The amounts are
    interest free, unsecured and have no fixed terms of repayment.
    The balance as of December&#160;31, 2008 is expected to be
    settled within 12&#160;months from the balance sheet date.</TD>
</TR>


<TR style="line-height: 3pt; font-size: 1pt"><TD>&nbsp;</TD></TR>

<TR>
    <TD align="right" valign="top">
    (v) </TD>
    <TD></TD>
    <TD valign="bottom">
    Represents operating lease payments payable to affiliated
    companies of certain companies acquired by Jingli (see
    note&#160;3)&#160;for leases of advertising space as described
    in note&#160;11(a)(ii) above. The amounts are repayable in
    accordance with normal payment terms with other unrelated
    advertising space suppliers.</TD>
</TR>

</TABLE>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

<TR>
    <TD width="5%"></TD>
    <TD width="95%"></TD>
</TR>

<TR valign="top">
    <TD>
    <B><FONT style="font-family: 'Times New Roman', Times">12.&#160;&#160;</FONT></B>
</TD>
    <TD>
    <B><FONT style="font-family: 'Times New Roman', Times">Convertible
    Preferred Shares and Warrants</FONT></B>
</TD>
</TR>

</TABLE>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

<TR>
    <TD width="4%"></TD>
    <TD width="96%"></TD>
</TR>

<TR valign="top">
    <TD>
    <B><I><FONT style="font-family: 'Times New Roman', Times">(a)&#160;&#160;</FONT></I></B>
</TD>
    <TD>
    <B><I><FONT style="font-family: 'Times New Roman', Times">Series&#160;A
    Convertible Preferred Shares and Warrants</FONT></I></B>
</TD>
</TR>

</TABLE>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    In June 2007, the Company issued 10,000,000 Series&#160;A
    convertible preferred shares, with a par value of US$0.0001 per
    share, and warrants to purchase 10,000,000 additional
    Series&#160;A convertible preferred shares at an exercise price
    of US$0.10 per share (&#147;Series&#160;A Warrants&#148;) to a
    third party investor for total cash consideration of US$1,000.
    The holders of Series&#160;A convertible preferred shares have
    no redemption right other than in liquidation.
</DIV>

<P align="center" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <BR>
    F-64
</DIV><!-- END PAGE WIDTH -->
<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>

<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->

<DIV style="margin-top: 18pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">SearchMedia
    International Limited<BR>
    </FONT></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">Notes to
    Consolidated Financial
    Statements&#160;&#151;&#160;(Continued)<BR>
    </FONT></B>
</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">(Amounts
    in thousands, except share data)</FONT></B>
</DIV>
<DIV style="margin-top: 18pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    The gross proceeds of US$1,000 were allocated to Series&#160;A
    convertible preferred shares and Series&#160;A Warrants on a
    relative fair value basis. The estimated fair values of the
    Series&#160;A convertible preferred shares and Series&#160;A
    Warrants were determined to be US$818 and US$219, respectively.
    Accordingly, the Series&#160;A convertible preferred shares are
    recorded at US$789 and classified within shareholders&#146;
    equity and the Series&#160;A Warrants are recorded in additional
    paid-in capital at US$211. Total direct incremental costs of
    issuing the securities amounting to US$85 were charged
    proportionally against the allocated amounts of Series A
    convertible preferred shares (US$67) and Series&#160;A Warrants
    (US$18) respectively.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Management determined that there was no embedded beneficial
    conversion feature attributable to the Series&#160;A convertible
    preferred shares at the commitment date since US$0.0789, the
    effective conversion price of the Series&#160;A convertible
    preferred shares, was greater than the estimated fair value of
    the Company&#146;s ordinary shares, which was US$0.0302 as of
    the commitment date.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    The estimated fair values of the Series&#160;A convertible
    preferred shares and the ordinary shares of the Company at the
    commitment date was determined by management with reference to
    valuation performed on a retrospective basis by an independent
    valuation firm which calculated the Company&#146;s equity value
    by using the discounted cash flow method. This method eliminates
    the variation in time value of money by using a discount rate to
    reflect all business risks including intrinsic and extrinsic
    uncertainties in relation to the business. In considering the
    appropriate discount rate to be applied, the Company has taken
    into account a number of factors including the current cost of
    finance and the risk inherent in the business. The estimated
    fair value of the Series&#160;A Warrants is estimated using the
    Black-Scholes Options Pricing Model.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    The significant terms of the Series&#160;A convertible preferred
    shares are as follows:
</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 2%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <I><FONT style="font-family: 'Times New Roman', Times">Conversion</FONT></I>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Each Series&#160;A convertible preferred share is convertible,
    at the option of the holder, at any time after the issuance date
    into the Company&#146;s ordinary shares at the ratio of 1:1,
    subject to certain anti-dilution provisions as provided in the
    Company&#146;s articles of association.
</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 2%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <I><FONT style="font-family: 'Times New Roman', Times">Voting
    Rights</FONT></I>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Series&#160;A convertible preferred shares shall carry such
    number of votes as is equal to the number of votes of ordinary
    shares then issuable upon conversion. The Series&#160;A
    convertible preferred shares shall vote together with the
    ordinary shares on an as-converted basis, and not as a separate
    class, except certain protective provisions as provided in the
    Company&#146;s articles of association, or as required by the
    applicable law.
</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 2%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <I><FONT style="font-family: 'Times New Roman', Times">Registration
    Rights</FONT></I>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    The holders of Series&#160;A convertible preferred shares shall
    be entitled to certain registration rights including demand
    registration, piggyback registration and
    <FONT style="white-space: nowrap">Form&#160;F-3</FONT>
    registration. Such rights allow the holders of at least 50% of
    shares having registration rights then outstanding to demand the
    Company at any time after the closing of a Qualified IPO to file
    a registration statement covering the offer and sales of their
    securities, subject to certain restrictions and conditions. A
    Qualified IPO means a firm commitment, underwritten initial
    public offering by the Company of its ordinary shares, on any
    exchange selected by the Company and agreed by Deutsche Bank
    A.G., valuation of the Company equal to no less than US$200,000
    immediately prior to the initial public offering and total
    offering proceeds to the Company of no less than US$60,000 after
    deduction of underwriters commissions and expenses.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    The Company will pay all expenses relating to such
    registrations, except broker&#146;s commission, underwriting
    discounts, selling commissions and stock transfer taxes. The
    Company is to use its best efforts to
</DIV>

<P align="center" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <BR>
    F-65
</DIV><!-- END PAGE WIDTH -->
<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>

<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->

<DIV style="margin-top: 18pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">SearchMedia
    International Limited<BR>
    </FONT></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">Notes to
    Consolidated Financial
    Statements&#160;&#151;&#160;(Continued)<BR>
    </FONT></B>
</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">(Amounts
    in thousands, except share data)</FONT></B>
</DIV>
<DIV style="margin-top: 18pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    register such shares for resale, however, the Company is not
    required to provide for any payment or transfer any other
    consideration to the holder of Series&#160;A convertible
    preferred shares in the event of non-performance.
</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 2%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <I><FONT style="font-family: 'Times New Roman', Times">Dividends</FONT></I>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    After payment of dividends on the Series&#160;C redeemable
    convertible preferred shares and Series&#160;B redeemable
    convertible preferred shares, holders of the Series&#160;A
    convertible preferred shares shall be entitled to receive
    dividends out of any funds legally available for this purpose,
    when and if declared by the Company&#146;s board of directors.
</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 2%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <I><FONT style="font-family: 'Times New Roman', Times">Liquidation
    preference</FONT></I>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Upon any liquidation, dissolution or winding up of the Company,
    assets of the Company available for distribution shall be first
    distributed to the holders of Series&#160;C redeemable
    convertible preferred shares and the Series&#160;B redeemable
    convertible preferred shares. After such distributions, each
    Series&#160;A convertible preferred share holder shall be
    entitled to receive, prior and in preference to any distribution
    to the ordinary shareholders, an amount equal to 150% of the
    Series&#160;A convertible preferred share purchase price plus
    all declared but unpaid dividends on the Series&#160;A
    convertible preferred shares.
</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

<TR>
    <TD width="4%"></TD>
    <TD width="96%"></TD>
</TR>

<TR valign="top">
    <TD>
    <B><I><FONT style="font-family: 'Times New Roman', Times">(b)&#160;&#160;</FONT></I></B>
</TD>
    <TD>
    <B><I><FONT style="font-family: 'Times New Roman', Times">Series&#160;B
    Redeemable Convertible Preferred Shares and
    Warrants</FONT></I></B>
</TD>
</TR>

</TABLE>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    In August 2007, the Company issued 36,363,635 Series&#160;B
    redeemable convertible preferred shares with a par value of
    US$0.0001 per share, and warrants to purchase 5,000,000 ordinary
    shares of the Company at an exercise price of US$0.55 per share
    (&#147;Series&#160;B Warrants&#148;) to two investors (one being
    an existing holder of Series&#160;A convertible preferred
    shares) for total cash consideration of US$20,000. The holders
    of Series B redeemable convertible preferred shares have
    redemption rights to request the Company to redeem the preferred
    shares either on February&#160;16, 2010 or May&#160;16, 2011. In
    addition, the Company shall redeem all outstanding Series&#160;B
    redeemable convertible preferred shares at the Series&#160;B
    redeemable convertible preferred share redemption price (the
    &#147;Redemption&#160;Price&#148;) on August&#160;16, 2012
    (&#147;Mandatory Redemption&#160;Date&#148;), if a Qualified IPO
    has not occurred before Mandatory Redemption&#160;Date. Subject
    to certain anti-dilution provisions as provided in the
    Company&#146;s articles of association, the
    Redemption&#160;Price shall be equal to the total of
    (i)&#160;any declared but unpaid dividend; (ii)&#160;1.2 times
    of the Series&#160;B redeemable convertible preferred share
    purchase price; and (iii)&#160;interest of 15% compound annually.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    The gross proceeds of US$20,000 were allocated to the
    Series&#160;B redeemable convertible preferred shares and
    Series&#160;B Warrants on a relative fair value basis. The
    estimated fair values of the Series&#160;B redeemable
    convertible preferred shares and Series&#160;B Warrants were
    determined to be US$19,848 and US$426 respectively. Accordingly,
    the Series&#160;B redeemable convertible preferred shares are
    recorded at US$19,580 and the Series&#160;B Warrants are
    recorded in additional paid-in capital at US$420. The
    Series&#160;B redeemable convertible preferred shares have not
    been classified within shareholders&#146; equity since they are
    redeemable. Total direct incremental costs of issuing the
    securities amounting to US$1,526 were charged proportionally
    against the allocated amounts of Series&#160;B redeemable
    convertible preferred shares (US$1,494) and Series&#160;B
    Warrants (US$32) respectively. The accretion to redemption value
    of US$32,364 (which represents the number of Series&#160;B
    redeemable convertible preferred shares multiplied by the
    Redemption&#160;Price) is accreted to February&#160;16, 2010,
    which is the earliest date that the preferred shares could be
    redeemed. The accretion to redemption value amounted to US$1,646
    for the period from February&#160;9, 2007 (date of inception)
    through December&#160;31, 2007 and was first charged against
    available additional paid-in capital balance of US$1,549 in the
    absence of retained earnings with the remaining amount charged
    against accumulated deficit of US$97. The accretion to
    redemption value amounted to US$5,172 for the year ended
    December&#160;31, 2008 and was first
</DIV>

<P align="center" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <BR>
    F-66
</DIV><!-- END PAGE WIDTH -->
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<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>

<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->

<DIV style="margin-top: 18pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">SearchMedia
    International Limited<BR>
    </FONT></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">Notes to
    Consolidated Financial
    Statements&#160;&#151;&#160;(Continued)<BR>
    </FONT></B>
</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">(Amounts
    in thousands, except share data)</FONT></B>
</DIV>
<DIV style="margin-top: 18pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    charged against retained earnings of US$2,618 with the remaining
    amount of US$2,554 charged against available additional paid-in
    capital in the absence of retained earnings.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Management determined that there was no embedded beneficial
    conversion feature attributable to the Series&#160;B redeemable
    convertible preferred shares at the commitment date since
    US$0.55, the effective conversion price of the Series&#160;B
    redeemable convertible preferred shares, was greater than the
    estimated fair value of the Company&#146;s ordinary shares,
    which was US$0.2941 as of the commitment date.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    The estimated fair values of the Series&#160;B redeemable
    convertible preferred shares and the ordinary shares of the
    Company at the commitment date was determined by management with
    reference to valuation performed on a retrospective basis by an
    independent valuation firm which calculated the Company&#146;s
    equity value by using the discounted cash flow method. This
    method eliminates the variation in time value of money by using
    a discount rate to reflect all business risks including
    intrinsic and extrinsic uncertainties in relation to the
    business. In considering the appropriate discount rate to be
    applied, the Company has taken into account a number of factors
    including the current cost of finance and the risk inherent in
    the business. The estimated fair value of the Series&#160;B
    Warrants is estimated using the Black-Scholes Options Pricing
    Model.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    The other significant terms of the Series&#160;B redeemable
    convertible preferred shares are as follows:
</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 2%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <I><FONT style="font-family: 'Times New Roman', Times">Conversion</FONT></I>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Each Series&#160;B redeemable convertible preferred shares shall
    be convertible, at the option of the holder, into the
    Company&#146;s ordinary shares at the ratio of 1:1 at any time,
    subject to certain anti-dilution provisions as provided in the
    Company&#146;s articles of association.
</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 2%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <I><FONT style="font-family: 'Times New Roman', Times">Voting
    Rights</FONT></I>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Series&#160;B redeemable convertible preferred shares shall
    carry such number of votes as is equal to the number of votes of
    ordinary shares then issuable upon conversion. The Series&#160;B
    redeemable convertible preferred shares shall vote together with
    the ordinary shares on an as-converted basis, and not as a
    separate class, except certain projective provisions as provided
    in the Company&#146;s articles of association, or as required by
    the applicable law.
</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 2%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <I><FONT style="font-family: 'Times New Roman', Times">Registration
    Rights</FONT></I>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    The holders of Series&#160;B redeemable convertible preferred
    shares shall be entitled to certain registration rights
    including demand registration, piggyback registration and
    <FONT style="white-space: nowrap">Form&#160;F-3</FONT>
    registration. Such rights allow the holders of at least 50% of
    shares having registration rights then outstanding to demand the
    Company at any time after the closing of a Qualified IPO to file
    a registration statement covering the offer and sale of their
    securities, subject to certain restrictions and conditions.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    The Company shall pay all expenses relating to any demand, piggy
    back registrations or
    <FONT style="white-space: nowrap">Form&#160;F-3</FONT>
    registrations, except broker&#146;s commission, underwriting
    discounts, selling commissions and stock transfer taxes. The
    Company shall use its best efforts to register such shares for
    resale, however, the Company is not required to provide for any
    payment or transfer any other consideration to the holders of
    Series&#160;B redeemable convertible preferred shares in the
    event of non-performance.
</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 2%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <I><FONT style="font-family: 'Times New Roman', Times">Dividends</FONT></I>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    After payment of dividends on the Series&#160;C redeemable
    convertible preferred shares, Series&#160;B redeemable
    convertible preferred share holders shall be entitled to receive
    dividends out of any funds legally available for this purpose,
    when and if declared by the Company&#146;s board of directors.
</DIV>

<P align="center" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <BR>
    F-67
</DIV><!-- END PAGE WIDTH -->
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<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>

<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->

<DIV style="margin-top: 18pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">SearchMedia
    International Limited<BR>
    </FONT></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">Notes to
    Consolidated Financial
    Statements&#160;&#151;&#160;(Continued)<BR>
    </FONT></B>
</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">(Amounts
    in thousands, except share data)</FONT></B>
</DIV>
<DIV style="margin-top: 18pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 2%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <I><FONT style="font-family: 'Times New Roman', Times">Liquidation
    preference</FONT></I>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Upon any liquidation, dissolution or winding up of the Company,
    assets of the Company available for distribution shall be first
    distributed to the holders of Series&#160;C redeemable
    convertible preferred shares. After such distribution, holders
    of Series&#160;B redeemable convertible preferred shares shall
    be entitled to receive an amount equal to 150% of the
    Series&#160;B redeemable convertible preferred share purchase
    price plus all declared but unpaid dividends and distributions.
    If the assets available for distribution among the holders of
    Series&#160;B redeemable convertible preferred shares are
    insufficient to fully pay each holder, then the assets shall be
    distributed ratably among the Series&#160;B redeemable
    convertible preferred shares.
</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

<TR>
    <TD width="4%"></TD>
    <TD width="96%"></TD>
</TR>

<TR valign="top">
    <TD>
    <B><I><FONT style="font-family: 'Times New Roman', Times">(c)&#160;&#160;</FONT></I></B>
</TD>
    <TD>
    <B><I><FONT style="font-family: 'Times New Roman', Times">Series&#160;C
    Redeemable Convertible Preferred Shares</FONT></I></B>
</TD>
</TR>

</TABLE>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    On May&#160;30, 2008, the Company issued a total 3,802,281
    Series&#160;C redeemable convertible preferred shares
    (&#147;Series&#160;C Shares&#148;) with a par value of US$0.0001
    per share to two third party investors for total cash
    consideration of US$10,000. Total direct incremental costs of
    issuing the securities amounting to US$837 were charged against
    the Series&#160;C Shares proceeds. The holders of Series&#160;C
    Shares have redemption rights to request the Company to redeem
    the preferred shares within 30&#160;days after the date falling
    eighteen months after the Series&#160;C Shares original issue
    date (that is, November&#160;30, 2009); and on or after the date
    falling twenty-four months after the Series&#160;C Shares
    original issue date (that is May&#160;30, 2010). In addition,
    the holders of Series&#160;C shares may redeem all outstanding
    Series&#160;C Shares at the Series&#160;C Shares redemption
    price upon the occurrence of an accelerated redemption
    triggering event such as a change-of-control; de-listing of the
    Company&#146;s shares following a qualified IPO; breach of
    representations, warranties, or covenants having a material
    impact on the Company&#146;s value; or breach of the
    Company&#146;s debt obligations or other material contracts or
    obligations. Subject to certain anti-dilution provisions as
    provided in the Company&#146;s articles of association, the
    redemption price will be equal to the total of (i)&#160;any
    declared but unpaid dividend; (ii)&#160;the adjusted
    Series&#160;C redeemable convertible preferred share purchase
    price; and (iii)&#160;interest of 25% compound annually.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    As the earliest determinable redemption date that the redemption
    amount is fixed and determinable on November&#160;30, 2009, the
    accretion to the redemption value amounted to US$1,635 for the
    year ended December&#160;31, 2008 and was charged against
    available additional paid-in capital in the absence of retained
    earnings.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Management determined that there was no embedded beneficial
    conversion feature attributable to the Series&#160;C Shares at
    the commitment date since US$2.63 per share, the effective
    conversion price of the Series&#160;C Shares, was greater than
    the estimated fair value of the Company&#146;s ordinary shares,
    which was US$0.368 as of the commitment date of the
    Series&#160;C Shares.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    The estimated fair value of the underlying preferred shares and
    ordinary shares at the commitment date was determined by
    management with reference to valuation performed on a
    retrospective basis by an independent valuation firm which
    calculated the Company&#146;s equity value using the discounted
    cash flow method. This method eliminates the variation in time
    value of money by using a discount rate to reflect all business
    risks including intrinsic and extrinsic uncertainties in
    relation to the business. In considering the appropriate
    discount rate to be applied, the Company has taken into account
    a number of factors including the current cost of finance and
    the risk inherent in the business.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    The other significant terms of the Series&#160;C Shares are as
    follows:
</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 2%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <I><FONT style="font-family: 'Times New Roman', Times">Conversion</FONT></I>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Each Series&#160;C Share shall be convertible, at the option of
    the holder, at any time after the date of issuance of such
    share, into such number of fully-paid and non-assessable
    ordinary shares as determined by
</DIV>

<P align="center" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <BR>
    F-68
</DIV><!-- END PAGE WIDTH -->
<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>

<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->

<DIV style="margin-top: 18pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">SearchMedia
    International Limited<BR>
    </FONT></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">Notes to
    Consolidated Financial
    Statements&#160;&#151;&#160;(Continued)<BR>
    </FONT></B>
</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">(Amounts
    in thousands, except share data)</FONT></B>
</DIV>
<DIV style="margin-top: 18pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    dividing the Series&#160;C Share purchase price for each of the
    Series&#160;C Shares by its then effective conversion price. The
    conversion price shall be initially the Series&#160;C Share
    purchase price. The Series&#160;C Share conversion price is
    subject to certain anti-dilution provisions and IPO price
    adjustment, and also subject to adjustment if the 2008 and
    2009&#160;net income targets of the Group are not met. In
    addition, each Series&#160;C Share shall automatically be
    converted into one ordinary share at the then effective
    applicable Series&#160;C Share conversion price immediately
    prior to the closing of a Qualified IPO. See note&#160;21(c) for
    subsequent change in conversion price as approved by the
    Company&#146;s shareholders and board of directors.
</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 2%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <I><FONT style="font-family: 'Times New Roman', Times">Voting
    Rights</FONT></I>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Series&#160;C Shares shall carry such number of votes as is
    equal to the number of votes of ordinary shares then issuable
    upon conversion. The Series&#160;C Shares shall vote together
    with the ordinary shares on an as-converted basis, and not as a
    separate class, except certain projective provisions as provided
    in the Company&#146;s articles of association, or as required by
    the applicable law.
</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 2%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <I><FONT style="font-family: 'Times New Roman', Times">Registration
    Rights</FONT></I>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    The holders of Series&#160;C Shares shall be entitled to certain
    registration rights including demand registration, piggyback
    registration and
    <FONT style="white-space: nowrap">Form&#160;F-3</FONT>
    registration. Such rights allow the holders of at least 50% of
    shares having registration rights then outstanding to demand the
    Company at any time after the closing of a Qualified IPO (as
    defined previously) to file a registration statement covering
    the offer and sales of their securities, subject to certain
    restrictions and conditions.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    The Company will pay all expenses relating to any demand,
    piggyback registrations or
    <FONT style="white-space: nowrap">Form&#160;F-3</FONT>
    registrations, except broker&#146;s commission, underwriting
    discounts, selling commissions and stock transfer taxes. The
    Company is to use its best efforts to register such shares for
    resale, however, the Company is not required to provide for any
    payment or transfer any other consideration to the holders of
    Series&#160;C Shares in the event of non-performance.
</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 2%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <I><FONT style="font-family: 'Times New Roman', Times">Dividends</FONT></I>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Holders of Series&#160;C Shares shall be entitled to first
    receive dividends out of any funds legally available for this
    purpose, when and if declared by the Company&#146;s board of
    directors.
</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 2%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <I><FONT style="font-family: 'Times New Roman', Times">Liquidation
    preference</FONT></I>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Upon any liquidation, dissolution or winding up of the Company,
    each holder of Series&#160;C Shares shall be entitled to
    receive, prior and in preference to any distribution of any of
    the assets of the Company to the holders of Series&#160;B
    redeemable convertible preferred shares, the holders of
    Series&#160;A convertible preferred shares and ordinary
    shareholders, an amount equal to (i)&#160;the Series&#160;C
    Purchase Price paid by the respective holder for the
    Series&#160;C Shares, subject to adjustment, plus all declared
    but unpaid dividends and distributions on such Series&#160;C
    Shares and (ii)&#160;20% per annum of the Series&#160;C Share
    purchase price paid by the respective holder for the
    Series&#160;C Shares in respect of the period from the
    Series&#160;C Shares original issue date.
</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

<TR>
    <TD width="5%"></TD>
    <TD width="95%"></TD>
</TR>

<TR valign="top">
    <TD>
    <B><FONT style="font-family: 'Times New Roman', Times">13.&#160;&#160;</FONT></B>
</TD>
    <TD>
    <B><FONT style="font-family: 'Times New Roman', Times">Ordinary
    shares</FONT></B>
</TD>
</TR>

</TABLE>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    During the period from inception date of the Company through
    April 2007, 16,159,500, 15,162,000 and 8,578,500 ordinary shares
    were issued to the respective owners of Sige, Dale and Conghui
    at par value in exchange for the control of the Businesses
    through contractual arrangements (see note 1(b)).
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    As disclosed in note&#160;1(b), in September 2007, the Company
    repurchased and cancelled 7,780,500 ordinary shares from a
    shareholder for cash of US$3,112. The consideration paid in
    excess of par value of the
</DIV>

<P align="center" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <BR>
    F-69
</DIV><!-- END PAGE WIDTH -->
<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>

<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->

<DIV style="margin-top: 18pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">SearchMedia
    International Limited<BR>
    </FONT></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">Notes to
    Consolidated Financial
    Statements&#160;&#151;&#160;(Continued)<BR>
    </FONT></B>
</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">(Amounts
    in thousands, except share data)</FONT></B>
</DIV>
<DIV style="margin-top: 18pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    repurchased shares amounting to US$3,111 was charged to
    additional paid-in capital (US$235) and retained earnings
    (US$2,876), respectively.
</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

<TR>
    <TD width="5%"></TD>
    <TD width="95%"></TD>
</TR>

<TR valign="top">
    <TD>
    <B><FONT style="font-family: 'Times New Roman', Times">14.&#160;&#160;</FONT></B>
</TD>
    <TD>
    <B><FONT style="font-family: 'Times New Roman', Times">Interest
    expense</FONT></B>
</TD>
</TR>

</TABLE>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<TABLE border="0" width="100%" align="center" cellpadding="0" cellspacing="0" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
<!-- Table Width Row BEGIN -->
<TR style="font-size: 1pt" valign="bottom">
    <TD width="60%">&nbsp;</TD>	<!-- colindex=01 type=maindata -->
    <TD width="2%">&nbsp;</TD>	<!-- colindex=02 type=gutter -->
    <TD width="1%" align="right">&nbsp;</TD>	<!-- colindex=02 type=lead -->
    <TD width="18%" align="right">&nbsp;</TD>	<!-- colindex=02 type=body -->
    <TD width="1%" align="left">&nbsp;</TD>	<!-- colindex=02 type=hang1 -->
    <TD width="3%">&nbsp;</TD>	<!-- colindex=03 type=gutter -->
    <TD width="1%" align="right">&nbsp;</TD>	<!-- colindex=03 type=lead -->
    <TD width="9%" align="right">&nbsp;</TD>	<!-- colindex=03 type=body -->
    <TD width="1%" align="left">&nbsp;</TD>	<!-- colindex=03 type=hang1 -->
    <TD width="3%">&nbsp;</TD>	<!-- colindex=04 type=gutter -->
    <TD width="1%" align="right">&nbsp;</TD>	<!-- colindex=04 type=lead -->
    <TD width="1%" align="right">&nbsp;</TD>	<!-- colindex=04 type=body -->
    <TD width="1%" align="left">&nbsp;</TD>	<!-- colindex=04 type=hang1 -->
</TR>
<!-- Table Width Row END -->
<TR style="font-size: 8pt" valign="bottom" align="center">
<TD nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>Period from February&#160;9,<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom" align="center">
<TD nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>2007 (date of<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom" align="center">
<TD nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>inception) through<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>Year ended<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom" align="center">
<TD nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>December&#160;31,<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>December&#160;31,<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom" align="center">
<TD nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    <B>2007</B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    <B>2008</B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom" align="center">
<TD nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>US$</B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>US$</B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR style="line-height: 3pt; font-size: 1pt">
<TD>&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Bank loan interest
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    43
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    35
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Convertible promissory notes interest
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#150;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    720
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Interest on New Note, First Interim Notes and short-term loan
    from a third party lender
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#150;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    618
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Amortization of convertible promissory notes issuance costs
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#150;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    349
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Amortization of convertible promissory notes discount
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#150;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    7,200
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="font-size: 1pt">
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 20pt">
    <B>Total interest expense</B>
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    <B>43</B>
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    <B>8,922</B>
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="font-size: 1pt">
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
</TABLE>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">

</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

<TR>
    <TD width="5%"></TD>
    <TD width="95%"></TD>
</TR>

<TR valign="top">
    <TD>
    <B><FONT style="font-family: 'Times New Roman', Times">15.&#160;&#160;</FONT></B>
</TD>
    <TD>
    <B><FONT style="font-family: 'Times New Roman', Times">Income
    taxes</FONT></B>
</TD>
</TR>

</TABLE>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 2%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><I><FONT style="font-family: 'Times New Roman', Times">Cayman
    Islands</FONT></I></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Under the current laws of the Cayman Islands, the Company is not
    subject to tax on its income or capital gains. In addition, upon
    any payment of dividends by the Company, no withholding tax is
    imposed.
</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 2%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><I><FONT style="font-family: 'Times New Roman', Times">Peoples&#146;
    Republic of China</FONT></I></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    The Company&#146;s subsidiaries and consolidated VIEs in the PRC
    are governed by the income tax law of the PRC and file separate
    income tax returns.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    For the period from June&#160;1, 2007 and from August&#160;3,
    2007 (incorporation dates of Jieli Consulting and Jingli,
    respectively) through December&#160;31, 2007, Jieli Consulting
    and Jingli were subject to PRC enterprise income tax at 33% on
    their assessable profits. For the year ended December&#160;31,
    2007, Sige was subject to PRC enterprise income tax at a special
    concessionary rate of 3.3% of its advertising service revenues
    less approved deductions (&#147;Special Concessionary Tax
    Rate&#148;) pursuant to a written approval from the tax bureau;
    Dale was subject to PRC enterprise income tax at a preferential
    tax rate of 15% on its assessable profits; and Conghui was
    subject to PRC enterprise income tax at 33% on its assessable
    profits.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    On March&#160;16, 2007, the Fifth Plenary Session of the Tenth
    National People&#146;s Congress passed the Corporate Income Tax
    Law of the PRC (&#147;new tax law&#148;) which became effective
    on January&#160;1, 2008. According to the new tax law, the
    enterprise income tax rate for entities other than certain
    high-tech enterprises or small-scale enterprises that earn
    &#147;small profit&#148;, as defined in the new tax law, is 25%.
    In addition, from January&#160;1, 2008, certain enterprises that
    were previously taxed at preferential rates are subject to a
    five-year transition period during which the income tax rate
    will gradually be increased to the unified rate of 25% (the
    &#147;transition rates&#148;). Accordingly, the income tax rate
    applicable to the assessable profits of Jieli Consulting and
    Jingli, is reduced from 33% to 25% effective January&#160;1,
    2008. The income tax rate applicable to the assessable profits
    of Sige, which was previously taxed on a Special Concessionary
    Tax Rate, is 25% effective January&#160;1, 2008. The income tax
    transition rates applicable to the assessable profits of Dale,
    which previously was subject to a preferential tax rate of 15%,
    are 18%, 20%, 22%, 24%, and 25%, for the years
</DIV>

<P align="center" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <BR>
    F-70
</DIV><!-- END PAGE WIDTH -->
<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>

<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->

<DIV style="margin-top: 18pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">SearchMedia
    International Limited<BR>
    </FONT></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">Notes to
    Consolidated Financial
    Statements&#160;&#151;&#160;(Continued)<BR>
    </FONT></B>
</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">(Amounts
    in thousands, except share data)</FONT></B>
</DIV>
<DIV style="margin-top: 18pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    ending December&#160;31, 2008, 2009, 2010, 2011 and 2012
    onwards, respectively. The entities acquired by Jingli in 2008
    are subject to PRC enterprise income tax at 25% on their
    assessable profits.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Under the new tax law and related implementation rules, a
    withholding tax is applied on the gross amount of dividends
    received by the Company from its PRC subsidiaries and
    consolidated VIEs after January&#160;1, 2008; however
    undistributed earnings prior to January&#160;1, 2008 are
    exempted from withholding tax. The implementation rules provide
    that the withholding tax rate is 10% or the applicable rate
    specified in a tax treaty. The Company has not provided for
    income taxes on accumulated earnings of its PRC subsidiaries as
    of December&#160;31, 2008 since these earnings are intended to
    be reinvested indefinitely in the PRC. It is not practicable to
    estimate the amount of additional taxes that might be payable on
    such undistributed earnings.
</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 2%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><I><FONT style="font-family: 'Times New Roman', Times">Hong
    Kong</FONT></I></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Ad-Icon and Great Talent are subject to Hong Kong profits tax at
    a tax rate of 16.5% on their assessable profits for the tax year
    ended December&#160;31, 2008.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    For the period from February&#160;9, 2007 (date of inception)
    through December&#160;31, 2007, substantially all of the
    Group&#146;s income before income taxes is derived from the PRC.
    For the year ended December&#160;31, 2008, except for loss
    before income taxes of the Company of US$14,375 and income
    before income taxes of US$327 of Ad-Icon, all of the
    Group&#146;s income before income taxes is derived from the PRC.
    Income tax expense consists of the following:
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<TABLE border="0" width="100%" align="center" cellpadding="0" cellspacing="0" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
<!-- Table Width Row BEGIN -->
<TR style="font-size: 1pt" valign="bottom">
    <TD width="64%">&nbsp;</TD>	<!-- colindex=01 type=maindata -->
    <TD width="2%">&nbsp;</TD>	<!-- colindex=02 type=gutter -->
    <TD width="1%" align="right">&nbsp;</TD>	<!-- colindex=02 type=lead -->
    <TD width="18%" align="right">&nbsp;</TD>	<!-- colindex=02 type=body -->
    <TD width="1%" align="left">&nbsp;</TD>	<!-- colindex=02 type=hang1 -->
    <TD width="3%">&nbsp;</TD>	<!-- colindex=03 type=gutter -->
    <TD width="1%" align="right">&nbsp;</TD>	<!-- colindex=03 type=lead -->
    <TD width="9%" align="right">&nbsp;</TD>	<!-- colindex=03 type=body -->
    <TD width="1%" align="left">&nbsp;</TD>	<!-- colindex=03 type=hang1 -->
</TR>
<!-- Table Width Row END -->
<TR style="font-size: 8pt" valign="bottom" align="center">
<TD nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>Period from February&#160;9,<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom" align="center">
<TD nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>2007 (date of<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom" align="center">
<TD nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>inception) through<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>Year ended<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom" align="center">
<TD nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>December&#160;31,<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>December&#160;31,<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom" align="center">
<TD nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    <B>2007</B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    <B>2008</B>
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom" align="center">
<TD nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>US$</B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>US$</B>
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR style="line-height: 3pt; font-size: 1pt">
<TD>&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    <B>Current tax</B>
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 20pt">
    <B>- PRC</B>
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    915
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    8,146
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 20pt">
    <B>- HK</B>
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#150;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    70
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    <B>Deferred tax</B>
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 20pt">
    <B>- PRC</B>
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    (65
</TD>
<TD nowrap align="left" valign="bottom">
    )
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    (1,293
</TD>
<TD nowrap align="left" valign="bottom">
    )
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 20pt">
    <B>- HK</B>
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#150;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    (121
</TD>
<TD nowrap align="left" valign="bottom">
    )
</TD>
</TR>
<TR valign="bottom" style="font-size: 1pt">
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 20pt">
    <B>Total income tax expense</B>
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    <B>850</B>
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    <B>6,802</B>
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="font-size: 1pt">
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
</TABLE>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">

</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    The actual income tax expense reported in the consolidated
    statements of income differs from the expected income tax
    expense computed by applying the PRC statutory tax rate of 33%
    for the period from
</DIV>

<P align="center" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <BR>
    F-71
</DIV><!-- END PAGE WIDTH -->
<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>

<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->

<DIV style="margin-top: 18pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">SearchMedia
    International Limited<BR>
    </FONT></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">Notes to
    Consolidated Financial
    Statements&#160;&#151;&#160;(Continued)<BR>
    </FONT></B>
</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">(Amounts
    in thousands, except share data)</FONT></B>
</DIV>
<DIV style="margin-top: 18pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    February&#160;9, 2007 (date of inception) through
    December&#160;31, 2007 and 25% for the year ended
    December&#160;31, 2008, respectively to income before income
    taxes as a result of the following:
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<TABLE border="0" width="100%" align="center" cellpadding="0" cellspacing="0" style="font-size: 9pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
<!-- Table Width Row BEGIN -->
<TR style="font-size: 1pt" valign="bottom">
    <TD width="69%">&nbsp;</TD>	<!-- colindex=01 type=maindata -->
    <TD width="2%">&nbsp;</TD>	<!-- colindex=02 type=gutter -->
    <TD width="1%" align="right">&nbsp;</TD>	<!-- colindex=02 type=lead -->
    <TD width="13%" align="right">&nbsp;</TD>	<!-- colindex=02 type=body -->
    <TD width="1%" align="left">&nbsp;</TD>	<!-- colindex=02 type=hang1 -->
    <TD width="3%">&nbsp;</TD>	<!-- colindex=03 type=gutter -->
    <TD width="1%" align="right">&nbsp;</TD>	<!-- colindex=03 type=lead -->
    <TD width="9%" align="right">&nbsp;</TD>	<!-- colindex=03 type=body -->
    <TD width="1%" align="left">&nbsp;</TD>	<!-- colindex=03 type=hang1 -->
</TR>
<!-- Table Width Row END -->
<TR style="font-size: 8pt" valign="bottom" align="center">
<TD nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>Period from<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom" align="center">
<TD nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>February&#160;9,<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom" align="center">
<TD nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>2007 (date of<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom" align="center">
<TD nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>inception) through<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>Year ended<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom" align="center">
<TD nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>December&#160;31,<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>December&#160;31,<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom" align="center">
<TD nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    <B>2007</B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    <B>2008</B>
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom" align="center">
<TD nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>US$</B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>US$</B>
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR style="line-height: 3pt; font-size: 1pt">
<TD>&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD align="left" valign="bottom">
<DIV style="text-indent: -9pt; margin-left: 9pt">
    Computed expected tax expense
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    692
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    2,787
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -9pt; margin-left: 9pt">
    Tax benefit of Special Concessionary Tax Rate on income of Sige
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    (198
</TD>
<TD nowrap align="left" valign="bottom">
    )
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#150;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD align="left" valign="bottom">
<DIV style="text-indent: -9pt; margin-left: 9pt">
    Effect of differential preferential tax rate on income of Dale
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    (46
</TD>
<TD nowrap align="left" valign="bottom">
    )
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#150;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -9pt; margin-left: 9pt">
    Effect of differential tax rate on income of Ad-Icon
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#150;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    (28
</TD>
<TD nowrap align="left" valign="bottom">
    )
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD align="left" valign="bottom">
<DIV style="text-indent: -9pt; margin-left: 9pt">
    Effect of non-PRC entity (the Company) not subject to income tax
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    5
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    3,594
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -9pt; margin-left: 9pt">
    Non-deductible loss on deconsolidation of a variable interest
    entity
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    118
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#150;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD align="left" valign="bottom">
<DIV style="text-indent: -9pt; margin-left: 9pt">
    Non-deductible expenses (note(i))
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    126
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    541
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -9pt; margin-left: 9pt">
    Change in valuation allowance
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    153
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    (92
</TD>
<TD nowrap align="left" valign="bottom">
    )
</TD>
</TR>
<TR valign="bottom" style="font-size: 1pt">
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 19pt">
    <B>Actual income tax expense</B>
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    <B>850</B>
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    <B>6,802</B>
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="font-size: 1pt">
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
</TABLE>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">

</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV style="font-size: 1pt; margin-left: 0%; width: 13%;  align: left; border-bottom: 1pt solid #000000"></DIV><!-- callerid=999 iwidth=456 length=60 -->

<DIV style="margin-top: 3pt; font-size: 1pt">&nbsp;</DIV>



<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Note
</DIV>



<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">

<TR>
    <TD width="3%"></TD>
    <TD width="1%"></TD>
    <TD width="96%"></TD>
</TR>

<TR>
    <TD valign="top">
    (i): </TD>
    <TD></TD>
    <TD valign="bottom">
<DIV style="text-indent: -6pt; margin-left: 6pt">
    Non-deductible expenses primarily represent entertainment
    expenses in excess of statutory limits for tax purpose.</DIV>
</TD>
</TR>

</TABLE>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    The tax effects of the Group&#146;s temporary differences that
    give rise to significant portions of the deferred tax assets and
    liabilities are as follows:
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<TABLE border="0" width="100%" align="center" cellpadding="0" cellspacing="0" style="font-size: 9pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
<!-- Table Width Row BEGIN -->
<TR style="font-size: 1pt" valign="bottom">
    <TD width="73%">&nbsp;</TD>	<!-- colindex=01 type=maindata -->
    <TD width="2%">&nbsp;</TD>	<!-- colindex=02 type=gutter -->
    <TD width="1%" align="right">&nbsp;</TD>	<!-- colindex=02 type=lead -->
    <TD width="9%" align="right">&nbsp;</TD>	<!-- colindex=02 type=body -->
    <TD width="1%" align="left">&nbsp;</TD>	<!-- colindex=02 type=hang1 -->
    <TD width="3%">&nbsp;</TD>	<!-- colindex=03 type=gutter -->
    <TD width="1%" align="right">&nbsp;</TD>	<!-- colindex=03 type=lead -->
    <TD width="9%" align="right">&nbsp;</TD>	<!-- colindex=03 type=body -->
    <TD width="1%" align="left">&nbsp;</TD>	<!-- colindex=03 type=hang1 -->
</TR>
<!-- Table Width Row END -->
<TR style="font-size: 8pt" valign="bottom" align="center">
<TD nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>December&#160;31,<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>December&#160;31,<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom" align="center">
<TD nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    <B>2007</B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    <B>2008</B>
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom" align="center">
<TD nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>US$</B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>US$</B>
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR style="line-height: 3pt; font-size: 1pt">
<TD>&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD align="left" valign="bottom">
<DIV style="text-indent: -9pt; margin-left: 9pt">
    Deferred tax assets:
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -9pt; margin-left: 9pt">
    <I>Non-current</I>
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD align="left" valign="bottom">
<DIV style="text-indent: -9pt; margin-left: 9pt">
    - Property and equipment
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    6
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#150;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -9pt; margin-left: 9pt">
    - Tax loss carryforwards of a subsidiary
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    153
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    61
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -9pt; margin-left: 9pt">
    <I>Current</I>
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -9pt; margin-left: 9pt">
    - Allowance for doubtful accounts
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#150;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    311
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD align="left" valign="bottom">
<DIV style="text-indent: -9pt; margin-left: 9pt">
    - Accrued expenses
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#150;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    269
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="font-size: 1pt">
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -9pt; margin-left: 9pt">
    Total gross deferred tax assets
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    159
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    641
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -9pt; margin-left: 9pt">
    Valuation allowance
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    (153
</TD>
<TD nowrap align="left" valign="bottom">
    )
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    (61
</TD>
<TD nowrap align="left" valign="bottom">
    )
</TD>
</TR>
<TR valign="bottom" style="font-size: 1pt">
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 19pt">
    <B>Deferred tax assets</B>
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    <B>6</B>
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    <B>580</B>
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="font-size: 1pt">
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD align="left" valign="bottom">
<DIV style="text-indent: -9pt; margin-left: 9pt">
    Deferred tax liabilities&#160;&#151; non-current:
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -9pt; margin-left: 9pt">
    Intangible assets
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    (19
</TD>
<TD nowrap align="left" valign="bottom">
    )
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    (1,297
</TD>
<TD nowrap align="left" valign="bottom">
    )
</TD>
</TR>
<TR valign="bottom" style="font-size: 1pt">
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD align="left" valign="bottom">
<DIV style="text-indent: -9pt; margin-left: 9pt">
    Net deferred tax liability
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    <B>(13</B>
</TD>
<TD nowrap align="left" valign="bottom">
    <B>)</B>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    <B>(717</B>
</TD>
<TD nowrap align="left" valign="bottom">
    <B>)</B>
</TD>
</TR>
<TR valign="bottom" style="font-size: 1pt">
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
</TABLE>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">

</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    The change in valuation allowance for the period from
    February&#160;9, 2007 (date of inception) through
    December&#160;31, 2007 and for the year ended December&#160;31,
    2008 was an increase of US$153 and a decrease of US$92,
    respectively, which relates to deferred tax assets in respect of
    tax loss carryforwards of Jieli Consulting. As of
    December&#160;31, 2008, tax loss carryforwards of Jieli
    Consulting amounted to US$244, which will expire in the year
    ending December&#160;31, 2013.
</DIV>

<P align="center" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <BR>
    F-72
</DIV><!-- END PAGE WIDTH -->
<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>

<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->

<DIV style="margin-top: 18pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">SearchMedia
    International Limited<BR>
    </FONT></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">Notes to
    Consolidated Financial
    Statements&#160;&#151;&#160;(Continued)<BR>
    </FONT></B>
</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">(Amounts
    in thousands, except share data)</FONT></B>
</DIV>
<DIV style="margin-top: 18pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    The realization of the future tax benefits of a deferred tax
    asset is dependent on future taxable income against which such
    tax benefits can be applied or utilized and the consideration of
    the scheduled reversal of deferred tax liabilities and any
    available tax planning strategies. In assessing the
    realizability of deferred tax assets, management considers
    whether it is more likely than not that some portion or all of
    the deferred tax assets will not be realized. All available
    evidence must be considered in the determination of whether
    sufficient future taxable income will exist since the ultimate
    realization of deferred tax assets is dependent upon the
    generation of future taxable income during the periods in which
    those temporary differences become deductible and tax loss
    carryforwards are utilized. Such evidence includes, but is not
    limited to, the financial performance of the entities, the
    market environment in which these entities operate and the
    length of relevant carryover periods. Sufficient negative
    evidence, such as cumulative net losses during a three-year
    period that includes the current year and the prior two years,
    may require that a valuation allowance be established against
    the deferred tax assets. Based on Jieli Consulting&#146;s
    historical operating results and Jieli Consulting&#146;s limited
    history to reasonably project its future taxable income over the
    periods during which the tax loss can be utilized, management
    believes that it is more likely than not that Jieli Consulting
    will not realize the benefits of the tax loss carryforwards and
    therefore a full valuation allowance has been provided against
    its deferred tax asset of Jieli Consulting as of
    December&#160;31, 2007 and 2008.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    As of February&#160;9, 2007 (date of inception), for the period
    from February&#160;9, 2007 (date of inception) through
    December&#160;31, 2007 and for the year ended December&#160;31,
    2008, the Group did not have unrecognized tax benefits, and it
    does not expect that the amount of unrecognized tax benefits
    will change significantly within the next 12&#160;months. No
    interest and penalties related to unrecognized tax benefits were
    accrued at the date of initial adoption of FIN&#160;48 and as of
    December&#160;31, 2007 and 2008.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    According to the PRC Tax Administration and Collection Law, the
    statute of limitations is three years if the underpayment of
    taxes is due to computational errors made by the taxpayer or the
    withholding agent. The statute of limitations is extended to
    five years under special circumstances, where the underpayment
    of taxes is more than USD15 (RMB 100). In the case of transfer
    pricing issues, the statute of limitation is ten years. There is
    no statute of limitation in the case of tax evasion. The tax
    returns of the Company&#146;s subsidiaries and consolidated VIEs
    in the PRC for the tax years beginning in 2004 are subject to
    examination by the relevant tax authorities. The tax returns of
    the Company&#146;s operating subsidiary in the HKSAR for the tax
    years beginning in 2002 are subject to examination by the
    relevant tax authorities.
</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

<TR>
    <TD width="5%"></TD>
    <TD width="95%"></TD>
</TR>

<TR valign="top">
    <TD>
    <B><FONT style="font-family: 'Times New Roman', Times">16.&#160;&#160;</FONT></B>
</TD>
    <TD>
    <B><FONT style="font-family: 'Times New Roman', Times">Share-based
    payments</FONT></B>
</TD>
</TR>

</TABLE>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Effective on January&#160;1, 2008, the board of directors and
    shareholders of the Company approved and adopted the
    2008&#160;Share Inventive Plan (the &#147;Share Incentive
    Plan&#148;) which provides for the granting of share options and
    restricted share units to the eligible employees of the Group to
    subscribe for ordinary shares of the Company. The shareholders
    of the Company authorized up to 15,000,000 ordinary shares to be
    issued upon exercise of awards granted under the Share Incentive
    Plan.
</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

<TR>
    <TD width="4%"></TD>
    <TD width="96%"></TD>
</TR>

<TR valign="top">
    <TD>
    <B><I><FONT style="font-family: 'Times New Roman', Times">(a)&#160;&#160;</FONT></I></B>
</TD>
    <TD>
    <B><I><FONT style="font-family: 'Times New Roman', Times">Share
    options</FONT></I></B>
</TD>
</TR>

</TABLE>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    In January 2008, February 2008, April 2008 and July 2008, the
    Company granted 4,880,000, 40,000, 3,020,000 and
    900,000&#160;share options respectively to its senior management
    personnel to acquire ordinary shares of the Company. These
    options have exercise prices ranging from US$0.0001 to US$3 per
    share, a vesting period of 4&#160;years and a contractual life
    of 10&#160;years from the date of grant. 7,640,000 of the share
    options vest 25% after the first year of service and rateably
    each month over the remaining
    <FONT style="white-space: nowrap">36-month</FONT>
    period. The remaining 1,200,000&#160;share options vest 50%
    after the first year of service and rateably each month over the
    remaining
    <FONT style="white-space: nowrap">24-month</FONT>
    period.
</DIV>

<P align="center" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <BR>
    F-73
</DIV><!-- END PAGE WIDTH -->
<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>

<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->

<DIV style="margin-top: 18pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">SearchMedia
    International Limited<BR>
    </FONT></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">Notes to
    Consolidated Financial
    Statements&#160;&#151;&#160;(Continued)<BR>
    </FONT></B>
</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">(Amounts
    in thousands, except share data)</FONT></B>
</DIV>
<DIV style="margin-top: 18pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    The terms and conditions of the outstanding share options as of
    December&#160;31, 2008 are as follows:
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<TABLE border="0" width="100%" align="center" cellpadding="0" cellspacing="0" style="font-size: 8pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
<!-- Table Width Row BEGIN -->
<TR style="font-size: 1pt" valign="bottom">
    <TD width="30%">&nbsp;</TD>	<!-- colindex=01 type=maindata -->
    <TD width="1%">&nbsp;</TD>	<!-- colindex=02 type=gutter -->
    <TD width="1%" align="right">&nbsp;</TD>	<!-- colindex=02 type=lead -->
    <TD width="5%" align="right">&nbsp;</TD>	<!-- colindex=02 type=body -->
    <TD width="1%" align="left">&nbsp;</TD>	<!-- colindex=02 type=hang1 -->
    <TD width="2%">&nbsp;</TD>	<!-- colindex=03 type=gutter -->
    <TD width="1%" align="right">&nbsp;</TD>	<!-- colindex=03 type=lead -->
    <TD width="13%" align="right">&nbsp;</TD>	<!-- colindex=03 type=body -->
    <TD width="1%" align="left">&nbsp;</TD>	<!-- colindex=03 type=hang1 -->
    <TD width="2%">&nbsp;</TD>	<!-- colindex=04 type=gutter -->
    <TD width="1%" align="right">&nbsp;</TD>	<!-- colindex=04 type=lead -->
    <TD width="5%" align="right">&nbsp;</TD>	<!-- colindex=04 type=body -->
    <TD width="1%" align="left">&nbsp;</TD>	<!-- colindex=04 type=hang1 -->
    <TD width="2%">&nbsp;</TD>	<!-- colindex=05 type=gutter -->
    <TD width="1%" align="right">&nbsp;</TD>	<!-- colindex=05 type=lead -->
    <TD width="6%" align="right">&nbsp;</TD>	<!-- colindex=05 type=body -->
    <TD width="1%" align="left">&nbsp;</TD>	<!-- colindex=05 type=hang1 -->
    <TD width="2%">&nbsp;</TD>	<!-- colindex=06 type=gutter -->
    <TD width="1%" align="right">&nbsp;</TD>	<!-- colindex=06 type=lead -->
    <TD width="4%" align="right">&nbsp;</TD>	<!-- colindex=06 type=body -->
    <TD width="1%" align="left">&nbsp;</TD>	<!-- colindex=06 type=hang1 -->
    <TD width="2%">&nbsp;</TD>	<!-- colindex=07 type=gutter -->
    <TD width="1%" align="right">&nbsp;</TD>	<!-- colindex=07 type=lead -->
    <TD width="4%" align="right">&nbsp;</TD>	<!-- colindex=07 type=body -->
    <TD width="1%" align="left">&nbsp;</TD>	<!-- colindex=07 type=hang1 -->
    <TD width="2%">&nbsp;</TD>	<!-- colindex=08 type=gutter -->
    <TD width="1%" align="right">&nbsp;</TD>	<!-- colindex=08 type=lead -->
    <TD width="6%" align="right">&nbsp;</TD>	<!-- colindex=08 type=body -->
    <TD width="1%" align="left">&nbsp;</TD>	<!-- colindex=08 type=hang1 -->
</TR>
<!-- Table Width Row END -->
<TR style="font-size: 7pt" valign="bottom" align="center">
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>No. of<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>Grant-date<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>Expected<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>Expected<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR style="font-size: 7pt" valign="bottom" align="center">
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>options<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>fair value<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>Aggregate<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>life<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>Expected<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>dividend<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>Risk-free<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR style="font-size: 7pt" valign="bottom" align="center">
<TD nowrap align="left" valign="bottom" style="border-bottom: 1px solid #000000">
    <B>Grant date</B>
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    <B>granted</B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    <B>per option</B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    <B>fair value</B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    <B>(years)</B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    <B>volatility</B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    <B>yield</B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    <B>interest rate</B>
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR style="line-height: 3pt; font-size: 1pt">
<TD>&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -8pt; margin-left: 8pt">
    January 2008
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    4,880,000
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    US$
</TD>
<TD nowrap align="right" valign="bottom">
    0.08 to US$0.43
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    US$
</TD>
<TD nowrap align="right" valign="bottom">
    1,792
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    7.7 to 10.0
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    44.69
</TD>
<TD nowrap align="left" valign="bottom">
    %
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    0
</TD>
<TD nowrap align="left" valign="bottom">
    %
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    5.31
</TD>
<TD nowrap align="left" valign="bottom">
    %
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -8pt; margin-left: 8pt">
    February 2008
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    40,000
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    US$
</TD>
<TD nowrap align="right" valign="bottom">
    0.15
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    US$
</TD>
<TD nowrap align="right" valign="bottom">
    6
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    8.0
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    58.75
</TD>
<TD nowrap align="left" valign="bottom">
    %
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    0
</TD>
<TD nowrap align="left" valign="bottom">
    %
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    5.02
</TD>
<TD nowrap align="left" valign="bottom">
    %
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -8pt; margin-left: 8pt">
    April 2008
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    3,020,000
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    US$
</TD>
<TD nowrap align="right" valign="bottom">
    0.12 to US$0.39
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    US$
</TD>
<TD nowrap align="right" valign="bottom">
    746
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    6.5 to 10.0
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    59.63
</TD>
<TD nowrap align="left" valign="bottom">
    %
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    0
</TD>
<TD nowrap align="left" valign="bottom">
    %
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    5.27
</TD>
<TD nowrap align="left" valign="bottom">
    %
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -8pt; margin-left: 8pt">
    July 2008
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    900,000
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    US$
</TD>
<TD nowrap align="right" valign="bottom">
    0.12
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    US$
</TD>
<TD nowrap align="right" valign="bottom">
    110
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    8.3 to 8.5
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    57.77
</TD>
<TD nowrap align="left" valign="bottom">
    %
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    0
</TD>
<TD nowrap align="left" valign="bottom">
    %
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    5.59
</TD>
<TD nowrap align="left" valign="bottom">
    %
</TD>
</TR>
</TABLE>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">

</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    The Company determined the estimated grant-date fair value of
    share options based on the Binomial Tree option-pricing model.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    The Company has accounted for these options in accordance with
    SFAS&#160;No. 123 (revised) &#147;<I>Share-based
    payment</I>&#148; (&#147;SFAS&#160;No.&#160;123R&#148;) by
    measuring compensation cost based on the grant-date fair value
    and recognizing the cost over the period during which an
    employee is required to provide service in exchange for the
    award. The amount of compensation cost recognized for these
    share options was US$1,649 for the year ended December&#160;31,
    2008, of which US$56, US$68 and US$1,525 was allocated to cost
    of revenues, sales and marketing expenses and general and
    administrative expenses respectively. As of December&#160;31,
    2008, unrecognized share-based compensation cost in respect of
    granted share options amounted to US$1,005.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    The expected volatility in the table above was based on the
    weighted average volatility of several comparable
    U.S.&#160;listed companies in the advertising industry with
    operations in the PRC. Since the Company was a private company
    at the time the options were issued, the Company estimated the
    potential volatility of its ordinary share price by referring to
    the weighted average volatility of these comparable companies
    because management believes that the weighted average volatility
    of such companies is a reasonable benchmark to use in estimating
    the expected volatility of the Company&#146;s ordinary shares.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Because the Company&#146;s share options have certain
    characteristics that are significantly different from traded
    options, and because changes in the subjective assumptions can
    materially affect the estimated value, in management&#146;s
    opinion, the existing valuation model may not provide an
    accurate measure of the fair value of the Company&#146;s share
    options. Although the fair value of share options is determined
    in accordance with SFAS&#160;No.&#160;123R using an
    option-pricing model, that value may not be indicative of the
    fair value observed in a willing buyer/willing seller market
    transaction.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    The option activity during the year ended December&#160;31, 2008
    were as follows:
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<TABLE border="0" width="100%" align="center" cellpadding="0" cellspacing="0" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
<!-- Table Width Row BEGIN -->
<TR style="font-size: 1pt" valign="bottom">
    <TD width="42%">&nbsp;</TD>	<!-- colindex=01 type=maindata -->
    <TD width="2%">&nbsp;</TD>	<!-- colindex=02 type=gutter -->
    <TD width="1%" align="right">&nbsp;</TD>	<!-- colindex=02 type=lead -->
    <TD width="7%" align="right">&nbsp;</TD>	<!-- colindex=02 type=body -->
    <TD width="1%" align="left">&nbsp;</TD>	<!-- colindex=02 type=hang1 -->
    <TD width="3%">&nbsp;</TD>	<!-- colindex=03 type=gutter -->
    <TD width="1%" align="right">&nbsp;</TD>	<!-- colindex=03 type=lead -->
    <TD width="17%" align="right">&nbsp;</TD>	<!-- colindex=03 type=body -->
    <TD width="1%" align="left">&nbsp;</TD>	<!-- colindex=03 type=hang1 -->
    <TD width="3%">&nbsp;</TD>	<!-- colindex=04 type=gutter -->
    <TD width="1%" align="right">&nbsp;</TD>	<!-- colindex=04 type=lead -->
    <TD width="20%" align="right">&nbsp;</TD>	<!-- colindex=04 type=body -->
    <TD width="1%" align="left">&nbsp;</TD>	<!-- colindex=04 type=hang1 -->
</TR>
<!-- Table Width Row END -->
<TR style="font-size: 8pt" valign="bottom" align="center">
<TD nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>Number of<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>Weighted average<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>Weighted average<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom" align="center">
<TD nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    <B>options</B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    <B>exercise price per share</B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    <B>remaining contractual term</B>
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR style="line-height: 3pt; font-size: 1pt">
<TD>&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Balance as of January&#160;1, 2008
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#150;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#150;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#150;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Granted during the year
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    8,840,000
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#150;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#150;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="font-size: 1pt">
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Balance as of December&#160;31, 2008
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    8,840,000
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    US$
</TD>
<TD nowrap align="right" valign="bottom">
    0.79
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    9.1&#160;years
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="font-size: 1pt">
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
</TABLE>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">

</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    None of the outstanding options as of December&#160;31, 2008 was
    exercisable.
</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

<TR>
    <TD width="4%"></TD>
    <TD width="96%"></TD>
</TR>

<TR valign="top">
    <TD>
    <B><I><FONT style="font-family: 'Times New Roman', Times">(b)&#160;&#160;</FONT></I></B>
</TD>
    <TD>
    <B><I><FONT style="font-family: 'Times New Roman', Times">Restricted
    share units</FONT></I></B>
</TD>
</TR>

</TABLE>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    In January 2008, February 2008, April 2008 and July 2008, the
    Company granted a total of 2,667,000 restricted share units to
    certain senior management personnel of the Group under the Share
    Incentive Plan. The number of restricted share units to which
    each grantee will receive and the vesting of such units is
    contingent upon achievement of certain performance goals. The
    restricted share units contingently vest over a period of
    30&#160;months and have a contractual life of 10&#160;years from
    the date of grant. In addition to the contingently vested
    restricted share units, in July 2008, the Company issued
    1,200,000 restricted share units to
</DIV>

<P align="center" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <BR>
    F-74
</DIV><!-- END PAGE WIDTH -->
<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>

<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->

<DIV style="margin-top: 18pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">SearchMedia
    International Limited<BR>
    </FONT></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">Notes to
    Consolidated Financial
    Statements&#160;&#151;&#160;(Continued)<BR>
    </FONT></B>
</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">(Amounts
    in thousands, except share data)</FONT></B>
</DIV>
<DIV style="margin-top: 18pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    certain senior management personnel of the Group, which vest 50%
    after the first year of service and rateably each month over the
    remaining
    <FONT style="white-space: nowrap">12-month</FONT>
    period.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Since management believe achievement of the performance goals is
    probable, the Group recognized compensation cost for these
    restricted share units of US$705 for the year ended
    December&#160;31, 2008, all of which was included in general and
    administrative expenses. The fair value of the restricted share
    units was estimated using the Asian option-pricing model and
    assumes that the performance goals will be achieved. If the
    performance goals are not met, no compensation cost is
    recognized and any recognized compensation cost will be
    reversed. The assumptions used in estimating the fair value of
    the restricted share units are the same as those related to
    valuation of share options set out in note&#160;16(a).
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    The restricted share unit activities during the year ended
    December&#160;31, 2008 were as follows:
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<TABLE border="0" width="100%" align="center" cellpadding="0" cellspacing="0" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
<!-- Table Width Row BEGIN -->
<TR style="font-size: 1pt" valign="bottom">
    <TD width="48%">&nbsp;</TD>	<!-- colindex=01 type=maindata -->
    <TD width="2%">&nbsp;</TD>	<!-- colindex=02 type=gutter -->
    <TD width="1%" align="right">&nbsp;</TD>	<!-- colindex=02 type=lead -->
    <TD width="11%" align="right">&nbsp;</TD>	<!-- colindex=02 type=body -->
    <TD width="1%" align="left">&nbsp;</TD>	<!-- colindex=02 type=hang1 -->
    <TD width="3%">&nbsp;</TD>	<!-- colindex=03 type=gutter -->
    <TD width="1%" align="right">&nbsp;</TD>	<!-- colindex=03 type=lead -->
    <TD width="15%" align="right">&nbsp;</TD>	<!-- colindex=03 type=body -->
    <TD width="1%" align="left">&nbsp;</TD>	<!-- colindex=03 type=hang1 -->
    <TD width="3%">&nbsp;</TD>	<!-- colindex=04 type=gutter -->
    <TD width="1%" align="right">&nbsp;</TD>	<!-- colindex=04 type=lead -->
    <TD width="12%" align="right">&nbsp;</TD>	<!-- colindex=04 type=body -->
    <TD width="1%" align="left">&nbsp;</TD>	<!-- colindex=04 type=hang1 -->
</TR>
<!-- Table Width Row END -->
<TR style="font-size: 8pt" valign="bottom" align="center">
<TD nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>Number of<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>Weighted average<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom" align="center">
<TD nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>restricted share<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>remaining<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom" align="center">
<TD nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    <B>unit granted</B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    <B>Grant-date fair value</B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    <B>contractual term</B>
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR style="line-height: 3pt; font-size: 1pt">
<TD>&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Balance as of January&#160;1, 2008
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#150;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#150;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#150;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Granted during the year
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    3,867,000
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#150;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#150;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="font-size: 1pt">
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Balance as of December&#160;31, 2008
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    3,867,000
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    US$
</TD>
<TD nowrap align="right" valign="bottom">
    1,450
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    9.2&#160;years
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="font-size: 1pt">
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
</TABLE>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">

</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    None of the outstanding restricted share units as of
    December&#160;31, 2008 was vested.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    As of December&#160;31, 2008, unrecognized share-based
    compensation cost in respect of granted restricted share units
    amounted to US$745, which is expected to be recognized over a
    weighted average period of 17&#160;months.
</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

<TR>
    <TD width="5%"></TD>
    <TD width="95%"></TD>
</TR>

<TR valign="top">
    <TD>
    <B><FONT style="font-family: 'Times New Roman', Times">17.&#160;&#160;</FONT></B>
</TD>
    <TD>
    <B><FONT style="font-family: 'Times New Roman', Times">Statutory
    reserve</FONT></B>
</TD>
</TR>

</TABLE>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    The Group&#146;s PRC subsidiaries and consolidated VIEs are
    required under PRC laws to transfer at least 10% of their after
    tax profits as reported in their PRC statutory financial
    statements to a statutory surplus reserve. These entities are
    permitted to discontinue allocations to this reserve if the
    balance of such reserve has reached 50% of their respective
    registered capital. The transfer to this reserve must be made
    before distribution of dividends to equity shareholders. The
    statutory reserve is not available for distribution to the
    owners (except in liquidation) and may not be transferred in the
    form of loans, advances or cash dividends. For the period from
    February&#160;9, 2007 (date of inception) through
    December&#160;31, 2007 and for the year ended December&#160;31,
    2008, the Group&#146;s PRC subsidiaries and consolidated VIEs
    made appropriations to the statutory reserve funds of US$56 and
    US$337 respectively. The accumulated balance of the statutory
    reserve funds maintained at these PRC subsidiaries and
    consolidated VIEs as of December&#160;31, 2007 and 2008 was
    US$224 and US$561 respectively.
</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

<TR>
    <TD width="5%"></TD>
    <TD width="95%"></TD>
</TR>

<TR valign="top">
    <TD>
    <B><FONT style="font-family: 'Times New Roman', Times">18.&#160;&#160;</FONT></B>
</TD>
    <TD>
    <B><FONT style="font-family: 'Times New Roman', Times">Commitments
    and contingencies</FONT></B>
</TD>
</TR>

</TABLE>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

<TR>
    <TD width="4%"></TD>
    <TD width="96%"></TD>
</TR>

<TR valign="top">
    <TD>
    <B><I><FONT style="font-family: 'Times New Roman', Times">(a)&#160;&#160;</FONT></I></B>
</TD>
    <TD>
    <B><I><FONT style="font-family: 'Times New Roman', Times">Operating
    lease commitments</FONT></I></B>
</TD>
</TR>

</TABLE>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    The Group leases space primarily inside elevators, light boxes
    and billboards to display the content of its customers&#146;
    advertisements, and office premises under operating lease
    arrangements. These operating leases do not contain provisions
    for contingent rentals.
</DIV>

<P align="center" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <BR>
    F-75
</DIV><!-- END PAGE WIDTH -->
<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>

<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->

<DIV style="margin-top: 18pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">SearchMedia
    International Limited<BR>
    </FONT></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">Notes to
    Consolidated Financial
    Statements&#160;&#151;&#160;(Continued)<BR>
    </FONT></B>
</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">(Amounts
    in thousands, except share data)</FONT></B>
</DIV>
<DIV style="margin-top: 18pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Rental expenses under operating leases were allocated to the
    following categories of cost and expenses:
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<TABLE border="0" width="100%" align="center" cellpadding="0" cellspacing="0" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
<!-- Table Width Row BEGIN -->
<TR style="font-size: 1pt" valign="bottom">
    <TD width="69%">&nbsp;</TD>	<!-- colindex=01 type=maindata -->
    <TD width="2%">&nbsp;</TD>	<!-- colindex=02 type=gutter -->
    <TD width="1%" align="right">&nbsp;</TD>	<!-- colindex=02 type=lead -->
    <TD width="13%" align="right">&nbsp;</TD>	<!-- colindex=02 type=body -->
    <TD width="1%" align="left">&nbsp;</TD>	<!-- colindex=02 type=hang1 -->
    <TD width="3%">&nbsp;</TD>	<!-- colindex=03 type=gutter -->
    <TD width="1%" align="right">&nbsp;</TD>	<!-- colindex=03 type=lead -->
    <TD width="9%" align="right">&nbsp;</TD>	<!-- colindex=03 type=body -->
    <TD width="1%" align="left">&nbsp;</TD>	<!-- colindex=03 type=hang1 -->
</TR>
<!-- Table Width Row END -->
<TR style="font-size: 8pt" valign="bottom" align="center">
<TD nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>Period from<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom" align="center">
<TD nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>February&#160;9,<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom" align="center">
<TD nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>2007 (date of<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom" align="center">
<TD nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>inception) through<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>Year ended<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom" align="center">
<TD nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>December&#160;31,<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>December&#160;31,<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom" align="center">
<TD nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    <B>2007</B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    <B>2008</B>
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom" align="center">
<TD nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>US$</B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>US$</B>
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR style="line-height: 3pt; font-size: 1pt">
<TD>&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Cost of revenues
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    1,371
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    37,768
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    General and administrative expenses
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    147
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    1,018
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="font-size: 1pt">
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 20pt">
    <B>Total rental expenses</B>
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    <B>1,518</B>
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    <B>38,786</B>
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="font-size: 1pt">
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
</TABLE>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">

</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    As of December&#160;31, 2008, future minimum rental payments
    under non-cancellable operating leases having initial or
    remaining lease terms of more than one year are as follows:
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<TABLE border="0" width="100%" align="center" cellpadding="0" cellspacing="0" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
<!-- Table Width Row BEGIN -->
<TR style="font-size: 1pt" valign="bottom">
    <TD width="92%">&nbsp;</TD>	<!-- colindex=01 type=maindata -->
    <TD width="2%">&nbsp;</TD>	<!-- colindex=02 type=gutter -->
    <TD width="1%" align="right">&nbsp;</TD>	<!-- colindex=02 type=lead -->
    <TD width="4%" align="right">&nbsp;</TD>	<!-- colindex=02 type=body -->
    <TD width="1%" align="left">&nbsp;</TD>	<!-- colindex=02 type=hang1 -->
</TR>
<!-- Table Width Row END -->
<TR style="font-size: 8pt" valign="bottom" align="center">
<TD nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    <B>US$</B>
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR style="line-height: 3pt; font-size: 1pt">
<TD>&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    2009
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    26,717
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    2010
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    10,900
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    2011
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    4,852
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    2012
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    1,299
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Thereafter
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    27
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="font-size: 1pt">
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    43,795
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="font-size: 1pt">
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
</TABLE>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">

</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

<TR>
    <TD width="4%"></TD>
    <TD width="96%"></TD>
</TR>

<TR valign="top">
    <TD>
    <B><I><FONT style="font-family: 'Times New Roman', Times">(b)&#160;&#160;</FONT></I></B>
</TD>
    <TD>
    <B><I><FONT style="font-family: 'Times New Roman', Times">Capital
    commitments</FONT></I></B>
</TD>
</TR>

</TABLE>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    As of December&#160;31, 2008, the Group had contractual
    commitments of US$903 for the purchase of advertising display
    equipment.
</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

<TR>
    <TD width="5%"></TD>
    <TD width="95%"></TD>
</TR>

<TR valign="top">
    <TD>
    <B><FONT style="font-family: 'Times New Roman', Times">19.&#160;&#160;</FONT></B>
</TD>
    <TD>
    <B><FONT style="font-family: 'Times New Roman', Times">Fair
    value of financial instruments</FONT></B>
</TD>
</TR>

</TABLE>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Except for promissory notes, the fair value of the Group&#146;s
    financial assets and liabilities approximate their carrying
    amount because of the short-term maturity of these instruments.
    Based on management judgement, the fair value of the promissory
    notes is not materially different from its carrying value with
    reference to observable market transactions between market
    participants comparative with the Company and promissory note
    investors which is the best information available in the
    circumstances.
</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

<TR>
    <TD width="5%"></TD>
    <TD width="95%"></TD>
</TR>

<TR valign="top">
    <TD>
    <B><FONT style="font-family: 'Times New Roman', Times">20.&#160;&#160;</FONT></B>
</TD>
    <TD>
    <B><FONT style="font-family: 'Times New Roman', Times">SearchMedia
    International Limited (Parent Company)</FONT></B>
</TD>
</TR>

</TABLE>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Relevant PRC statutory laws and regulations permit the
    distribution of dividends by the Group&#146;s PRC subsidiaries
    and consolidated VIEs only out of their retained earnings, if
    any, as determined in accordance with the PRC accounting
    standards and regulations.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Under the PRC Law, the Group&#146;s PRC subsidiaries and
    consolidated VIEs are required to allocate at least 10% of their
    after tax profits, after making good of accumulated losses as
    reported in their PRC statutory financial statements, to the
    statutory reserves and are permitted to discontinue allocations
    to the statutory reserves if the balance of such reserves have
    reached 50% of their respective registered capital. These
    statutory reserves are not available for distribution to owners
    (except in liquidation) and may not be transferred in the form
    of loans, advances, or cash dividend.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    As a result of these PRC laws and regulations, the Group&#146;s
    PRC subsidiaries and consolidated VIEs are restricted in their
    abilities to transfer an aggregate of US$6,828 and US$28,351 of
    their net assets either in the
</DIV>

<P align="center" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <BR>
    F-76
</DIV><!-- END PAGE WIDTH -->
<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>

<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->

<DIV style="margin-top: 18pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">SearchMedia
    International Limited<BR>
    </FONT></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">Notes to
    Consolidated Financial
    Statements&#160;&#151;&#160;(Continued)<BR>
    </FONT></B>
</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">(Amounts
    in thousands, except share data)</FONT></B>
</DIV>
<DIV style="margin-top: 18pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    form of dividends, loans and advances, which consist of the
    paid-in capital and statutory reserves of these entities as of
    December&#160;31, 2007 and 2008, respectively. For the period
    from February&#160;9, 2007 (date of inception) through
    December&#160;31, 2007 and for the year ended December&#160;31,
    2008, no cash dividend was paid to SearchMedia International
    Limited by any of its subsidiaries and consolidated VIEs.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    The following presents condensed parent company only financial
    information of SearchMedia International Limited under
    U.S.&#160;GAAP.
</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 2%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><I><FONT style="font-family: 'Times New Roman', Times">Condensed
    balance sheets</FONT></I></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<TABLE border="0" width="100%" align="center" cellpadding="0" cellspacing="0" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
<!-- Table Width Row BEGIN -->
<TR style="font-size: 1pt" valign="bottom">
    <TD width="73%">&nbsp;</TD>	<!-- colindex=01 type=maindata -->
    <TD width="2%">&nbsp;</TD>	<!-- colindex=02 type=gutter -->
    <TD width="1%" align="right">&nbsp;</TD>	<!-- colindex=02 type=lead -->
    <TD width="9%" align="right">&nbsp;</TD>	<!-- colindex=02 type=body -->
    <TD width="1%" align="left">&nbsp;</TD>	<!-- colindex=02 type=hang1 -->
    <TD width="3%">&nbsp;</TD>	<!-- colindex=03 type=gutter -->
    <TD width="1%" align="right">&nbsp;</TD>	<!-- colindex=03 type=lead -->
    <TD width="9%" align="right">&nbsp;</TD>	<!-- colindex=03 type=body -->
    <TD width="1%" align="left">&nbsp;</TD>	<!-- colindex=03 type=hang1 -->
</TR>
<!-- Table Width Row END -->
<TR style="font-size: 8pt" valign="bottom" align="center">
<TD nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>December&#160;31,<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>December&#160;31,<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom" align="center">
<TD nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    <B>2007</B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    <B>2008</B>
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom" align="center">
<TD nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>US$</B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>US$</B>
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR style="line-height: 3pt; font-size: 1pt">
<TD>&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Cash
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    3,696
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    17
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Restricted bank deposit
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    4,000
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#150;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Amounts due from related parties
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    65
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    13,425
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Prepaid expenses and other current assets
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    4
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    1,844
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Equity investments
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    11,278
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    48,652
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="font-size: 1pt">
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Total assets
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    19,043
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    63,938
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="font-size: 1pt">
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Short-term borrowings
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#150;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    1,820
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Promissory notes
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#150;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    15,000
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Accrued expenses and other payables
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#150;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    4,422
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="font-size: 1pt">
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Total liabilities
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#150;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    21,242
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Series&#160;B redeemable convertible preferred shares
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    19,734
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    24,906
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Series&#160;C redeemable convertible preferred shares
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#150;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    12,918
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Total shareholder&#146;s (deficit)/equity
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    (691
</TD>
<TD nowrap align="left" valign="bottom">
    )
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    4,872
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="font-size: 1pt">
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Liabilities, redeemable convertible preferred shares and
    shareholders&#146; (deficit)/equity
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    19,043
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    63,938
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="font-size: 1pt">
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
</TABLE>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">

</DIV>

<P align="center" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <BR>
    F-77
</DIV><!-- END PAGE WIDTH -->
<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>

<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->

<DIV style="margin-top: 18pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">SearchMedia
    International Limited<BR>
    </FONT></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">Notes to
    Consolidated Financial
    Statements&#160;&#151;&#160;(Continued)<BR>
    </FONT></B>
</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">(Amounts
    in thousands, except share data)</FONT></B>
</DIV>
<DIV style="margin-top: 18pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 2%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><I><FONT style="font-family: 'Times New Roman', Times">Condensed
    statements of income</FONT></I></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<TABLE border="0" width="100%" align="center" cellpadding="0" cellspacing="0" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
<!-- Table Width Row BEGIN -->
<TR style="font-size: 1pt" valign="bottom">
    <TD width="64%">&nbsp;</TD>	<!-- colindex=01 type=maindata -->
    <TD width="2%">&nbsp;</TD>	<!-- colindex=02 type=gutter -->
    <TD width="1%" align="right">&nbsp;</TD>	<!-- colindex=02 type=lead -->
    <TD width="18%" align="right">&nbsp;</TD>	<!-- colindex=02 type=body -->
    <TD width="1%" align="left">&nbsp;</TD>	<!-- colindex=02 type=hang1 -->
    <TD width="3%">&nbsp;</TD>	<!-- colindex=03 type=gutter -->
    <TD width="1%" align="right">&nbsp;</TD>	<!-- colindex=03 type=lead -->
    <TD width="9%" align="right">&nbsp;</TD>	<!-- colindex=03 type=body -->
    <TD width="1%" align="left">&nbsp;</TD>	<!-- colindex=03 type=hang1 -->
</TR>
<!-- Table Width Row END -->
<TR style="font-size: 8pt" valign="bottom" align="center">
<TD nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>Period from February&#160;9,<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom" align="center">
<TD nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>2007 (date of<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom" align="center">
<TD nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>inception) to<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>Year ended<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom" align="center">
<TD nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>December&#160;31,<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>December&#160;31,<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom" align="center">
<TD nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    <B>2007</B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    <B>2008</B>
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom" align="center">
<TD nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>US$</B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>US$</B>
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR style="line-height: 3pt; font-size: 1pt">
<TD>&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Cost of revenues
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#150;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    (56
</TD>
<TD nowrap align="left" valign="bottom">
    )
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Sales and marketing expenses
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#150;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    (68
</TD>
<TD nowrap align="left" valign="bottom">
    )
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    General and administrative expenses
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    (18
</TD>
<TD nowrap align="left" valign="bottom">
    )
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    (2,725
</TD>
<TD nowrap align="left" valign="bottom">
    )
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Interest income
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    2
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    97
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Interest expense
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#150;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    (8,887
</TD>
<TD nowrap align="left" valign="bottom">
    )
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Decrease in fair value of Note Warrant liability
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#150;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    482
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Loss on extinguishment of the Notes
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#150;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    (3,218
</TD>
<TD nowrap align="left" valign="bottom">
    )
</TD>
</TR>
<TR valign="bottom" style="font-size: 1pt">
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Loss before equity in earnings from subsidiaries and
    consolidated VIEs
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    (16
</TD>
<TD nowrap align="left" valign="bottom">
    )
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    (14,375
</TD>
<TD nowrap align="left" valign="bottom">
    )
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Equity in earnings of subsidiaries and consolidated VIEs
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    1,264
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    18,718
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="font-size: 1pt">
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Net income
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    1,248
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    4,343
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="font-size: 1pt">
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
</TABLE>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">

</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 2%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><I><FONT style="font-family: 'Times New Roman', Times">Condensed
    statements of cash flows</FONT></I></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<TABLE border="0" width="100%" align="center" cellpadding="0" cellspacing="0" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
<!-- Table Width Row BEGIN -->
<TR style="font-size: 1pt" valign="bottom">
    <TD width="69%">&nbsp;</TD>	<!-- colindex=01 type=maindata -->
    <TD width="2%">&nbsp;</TD>	<!-- colindex=02 type=gutter -->
    <TD width="1%" align="right">&nbsp;</TD>	<!-- colindex=02 type=lead -->
    <TD width="13%" align="right">&nbsp;</TD>	<!-- colindex=02 type=body -->
    <TD width="1%" align="left">&nbsp;</TD>	<!-- colindex=02 type=hang1 -->
    <TD width="3%">&nbsp;</TD>	<!-- colindex=03 type=gutter -->
    <TD width="1%" align="right">&nbsp;</TD>	<!-- colindex=03 type=lead -->
    <TD width="9%" align="right">&nbsp;</TD>	<!-- colindex=03 type=body -->
    <TD width="1%" align="left">&nbsp;</TD>	<!-- colindex=03 type=hang1 -->
</TR>
<!-- Table Width Row END -->
<TR style="font-size: 8pt" valign="bottom" align="center">
<TD nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>Period from<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom" align="center">
<TD nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>February&#160;9,<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom" align="center">
<TD nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>2007<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom" align="center">
<TD nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>(date of<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom" align="center">
<TD nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>inception) through<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>Year ended<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom" align="center">
<TD nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>December&#160;31,<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>December&#160;31,<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom" align="center">
<TD nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    <B>2007</B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    <B>2008</B>
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom" align="center">
<TD nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>US$</B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>US$</B>
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR style="line-height: 3pt; font-size: 1pt">
<TD>&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Net cash used in operating activities
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    (84
</TD>
<TD nowrap align="left" valign="bottom">
    )
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    (499
</TD>
<TD nowrap align="left" valign="bottom">
    )
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Net cash used in investing activities
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    (12,500
</TD>
<TD nowrap align="left" valign="bottom">
    )
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    (30,261
</TD>
<TD nowrap align="left" valign="bottom">
    )
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Net cash provided by financing activities
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    16,280
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    27,081
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="font-size: 1pt">
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Net increase/(decrease) in cash
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    3,696
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    (3,679
</TD>
<TD nowrap align="left" valign="bottom">
    )
</TD>
</TR>
<TR valign="bottom" style="font-size: 1pt">
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
</TABLE>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">

</DIV>

<DIV style="margin-top: 9pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

<TR>
    <TD width="5%"></TD>
    <TD width="95%"></TD>
</TR>

<TR valign="top">
    <TD>
    <B><FONT style="font-family: 'Times New Roman', Times">21.&#160;&#160;</FONT></B>
</TD>
    <TD>
    <B><FONT style="font-family: 'Times New Roman', Times">Subsequent
    events</FONT></B>
</TD>
</TR>

</TABLE>

<DIV style="margin-top: 3pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

<TR>
    <TD width="4%"></TD>
    <TD width="96%"></TD>
</TR>

<TR valign="top">
    <TD>
    <B><I><FONT style="font-family: 'Times New Roman', Times">(a)&#160;&#160;</FONT></I></B>
</TD>
    <TD>
    <B><I><FONT style="font-family: 'Times New Roman', Times">Share
    incentive plan</FONT></I></B>
</TD>
</TR>

</TABLE>


<DIV style="margin-top: 3pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    On March&#160;28, 2009, the Company&#146;s shareholders and
    board of directors resolved to increase the number of ordinary
    shares that are reserved for grants of share options and
    restricted shares units from 15,000,000 to 25,000,000.
</DIV>



<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    During the period from January&#160;1, 2009 through
    July&#160;13, 2009, the Company granted 1,650,000&#160;share
    options to certain management personnel to acquire ordinary
    shares of the Company. These options have an exercise price of
    US$0.5323 per share, vesting periods ranging from 3 to 4 years
    and a contractual life of 10&#160;years from the date of grant.
</DIV>


<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

<TR>
    <TD width="4%"></TD>
    <TD width="96%"></TD>
</TR>

<TR valign="top">
    <TD>
    <B><I><FONT style="font-family: 'Times New Roman', Times">(b)&#160;&#160;</FONT></I></B>
</TD>
    <TD>
    <B><I><FONT style="font-family: 'Times New Roman', Times">Loan
    financing in March 2009</FONT></I></B>
</TD>
</TR>

</TABLE>

<DIV style="margin-top: 3pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    On March&#160;19, 2009, the Company issued promissory notes to a
    third party investor, an existing Series&#160;A preferred
    shareholder and certain management personnel of the Company for
    cash of US$1,750, US$1,500 and US$250, respectively
    (&#147;Second Interim Notes&#148;). The Second Interim Notes
    mature at the earlier of (i)&#160;the closing of a new equity
    financing by the Company; (ii)&#160;the closing of a reverse
    recapitalization transaction
</DIV>

<P align="center" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <BR>
    F-78
</DIV><!-- END PAGE WIDTH -->
<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>

<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    with a Special Purpose Acquisition Company pursuant to the Share
    Exchange Agreement; and (iii)&#160;March&#160;31, 2009, but only
    in the event that the Share Exchange Agreement is not executed
    as of such date. The Second Interim Notes bear interest at 12%
    per annum until its maturity date after which the interest rate
    of 20% per annum shall take effect. In connection with the
    Second Interim Notes, the Company, the New Note investor and the
    Guarantors mutually agreed to extend the Collateral to guarantee
    the Company&#146;s obligations owed to the Second Interim Notes
    investors. On March&#160;19, 2009, the Company granted to
    certain investors of the Second Interim Notes warrants to
    purchase 442,000 ordinary shares of the Company at an exercise
    price of US$0.00001 per share. The warrants are exercisable from
    the issuance date to May&#160;30, 2011.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    On March&#160;31, 2009, the Share Exchange Agreement was
    executed. Pursuant to the Share Exchange Agreement, if the
    reverse recapitalization transaction is approved by the
    shareholders of the Special Purpose Acquisition Company, the
    principal amount outstanding under the Second Interim Notes as
    of the Closing Date shall be converted into either preferred
    shares or ordinary shares of the Special Purpose Acquisition
    Company.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

<TR>
    <TD width="4%"></TD>
    <TD width="96%"></TD>
</TR>

<TR valign="top">
    <TD>
    <B><I><FONT style="font-family: 'Times New Roman', Times">(c)&#160;&#160;</FONT></I></B>
</TD>
    <TD>
    <B><I><FONT style="font-family: 'Times New Roman', Times">Amendment
    of the effective conversion price of Series&#160;C Shares and
    issuance of additional Series&#160;C Shares</FONT></I></B>
</TD>
</TR>

</TABLE>

<DIV style="margin-top: 3pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    On March&#160;28, 2009, in contemplation of entering into a
    reverse recapitalization transaction with a Special Purpose
    Acquisition Company, the Company&#146;s shareholders and board
    of directors resolved to amend the effective conversion price of
    the Series&#160;C redeemable convertible preferred shares from
    US$2.63 per share to US$0.55 per share. The re-pricing was
    necessary for the holders of the Series&#160;C redeemable
    convertible preferred shares, which carry certain anti-dilution
    provisions and preferred liquidation rights, to support the
    contemplated transaction. As a result of the amendment of the
    effective conversion price of Series&#160;C redeemable
    convertible preferred shares, the Company issued additional
    18,323,955 Series&#160;C redeemable convertible preferred shares
    to the existing holders of Series&#160;C redeemable convertible
    preferred shares. The change in conversion price does not have
    any impact on the consolidated financial statements since the
    new conversion price remains higher than the fair value of the
    Company&#146;s ordinary shares as of the commitment date of the
    Series&#160;C redeemable convertible preferred shares.
</DIV>

<P align="center" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <BR>
    F-79
</DIV><!-- END PAGE WIDTH -->
<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>

<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->
<A name='601'>
<DIV style="margin-top: 18pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">Report of
    Independent Registered Public Accounting Firm</FONT></B>
</DIV>
</A>
<DIV style="margin-top: 18pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <FONT style="font-family: 'Times New Roman', Times">To the Owner
    of
    </FONT>
</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Shanghai Sige Advertising and Media Co., Ltd.:
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    We have audited the accompanying balance sheets of Shanghai Sige
    Advertising and Media Co., Ltd. (the &#147;Company&#148;) as of
    December&#160;31, 2006 and June&#160;3, 2007 and the related
    statements of income, owner&#146;s deficit and comprehensive
    income and cash flows for the year ended December&#160;31, 2006
    and for the period from January&#160;1, 2007 through
    June&#160;3, 2007. These financial statements are the
    responsibility of the Company&#146;s management. Our
    responsibility is to express an opinion on these financial
    statements based on our audits.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    We conducted our audits in accordance with the standards of the
    Public Company Accounting Oversight Board (United States). Those
    standards require that we plan and perform the audit to obtain
    reasonable assurance about whether the financial statements are
    free of material misstatement. An audit includes examining, on a
    test basis, evidence supporting the amounts and disclosures in
    the financial statements. An audit also includes assessing the
    accounting principles used and significant estimates made by
    management, as well as evaluating the overall financial
    statement presentation. We believe that our audits provide a
    reasonable basis for our opinion.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    In our opinion, the financial statements referred to above
    present fairly, in all material respects, the financial position
    of Shanghai Sige Advertising and Media Co., Ltd. as of
    December&#160;31, 2006 and June&#160;3, 2007, and the results of
    its operations and cash flows for the year ended
    December&#160;31, 2006 and for the period from January&#160;1,
    2007 through June&#160;3, 2007, in conformity with
    U.S.&#160;generally accepted accounting principles.
</DIV>

<DIV style="margin-top: 24pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    /s/ KPMG
</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Hong Kong, China
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    March 31, 2009
</DIV>

<P align="center" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <BR>
    F-80
</DIV><!-- END PAGE WIDTH -->
<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>

<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->

<DIV align="center" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">Shanghai
    Sige Advertising and Media Co., Ltd.<BR>
    </FONT></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <A name='602'><B><FONT style="font-family: 'Times New Roman', Times">Balance
    Sheets<BR>
    </FONT></B>
</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">(Amounts
    in thousands)</FONT></B></A>
</DIV>
</A>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<TABLE border="0" width="100%" align="center" cellpadding="0" cellspacing="0" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
<!-- Table Width Row BEGIN -->
<TR style="font-size: 1pt" valign="bottom">
    <TD width="74%">&nbsp;</TD>	<!-- colindex=01 type=maindata -->
    <TD width="2%">&nbsp;</TD>	<!-- colindex=02 type=gutter -->
    <TD width="1%" align="right">&nbsp;</TD>	<!-- colindex=02 type=lead -->
    <TD width="1%" align="right">&nbsp;</TD>	<!-- colindex=02 type=body -->
    <TD width="1%" align="left">&nbsp;</TD>	<!-- colindex=02 type=hang1 -->
    <TD width="3%">&nbsp;</TD>	<!-- colindex=03 type=gutter -->
    <TD width="1%" align="right">&nbsp;</TD>	<!-- colindex=03 type=lead -->
    <TD width="8%" align="right">&nbsp;</TD>	<!-- colindex=03 type=body -->
    <TD width="1%" align="left">&nbsp;</TD>	<!-- colindex=03 type=hang1 -->
    <TD width="3%">&nbsp;</TD>	<!-- colindex=04 type=gutter -->
    <TD width="1%" align="right">&nbsp;</TD>	<!-- colindex=04 type=lead -->
    <TD width="3%" align="right">&nbsp;</TD>	<!-- colindex=04 type=body -->
    <TD width="1%" align="left">&nbsp;</TD>	<!-- colindex=04 type=hang1 -->
</TR>
<!-- Table Width Row END -->
<TR style="font-size: 8pt" valign="bottom" align="center">
<TD nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>December&#160;31,<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>June&#160;3,<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom" align="center">
<TD nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    <B>2006</B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    <B>2007</B>
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom" align="center">
<TD nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>Note</B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    <B>US$</B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    <B>US$</B>
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR style="line-height: 3pt; font-size: 1pt">
<TD>&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD colspan="13" align="center" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    <B>Assets</B>
</DIV>
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    <I>Current assets:</I>
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Cash
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    15
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    18
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Accounts receivable, net of allowance for doubtful accounts of
    nil and nil as of December&#160;31, 2006 and June&#160;3, 2007,
    respectively
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    3
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    65
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    194
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Amount due from an affiliated company
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    7
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    87
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Prepaid expenses and deposits
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    8
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    8
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="font-size: 1pt">
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 20pt">
    <B>Total current assets</B>
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    <B>88</B>
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    <B>307</B>
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="line-height: 9pt">
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Office equipment, net
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    4
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    20
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    18
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="font-size: 1pt">
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 20pt">
    <B>Total assets</B>
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    <B>108</B>
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    <B>325</B>
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="font-size: 1pt">
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="line-height: 9pt">
<TD colspan="13">
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD colspan="13" align="center" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    <B>Liabilities and owner&#146;s equity</B>
</DIV>
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    <I>Current liabilities:</I>
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Accounts payable
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    21
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    28
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Accrued expenses and other payables
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    5
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    193
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    284
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Deferred revenue
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    34
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    80
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Income taxes payable
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    16
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="font-size: 1pt">
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 20pt">
    <B>Total liabilities</B>
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    <B>248</B>
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    <B>408</B>
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="line-height: 9pt">
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    <I>Owner&#146;s deficit:</I>
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Contributed capital
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    242
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    242
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Statutory surplus reserve
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    8
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    98
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    98
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Accumulated other comprehensive income
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    13
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    15
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Accumulated deficit
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    (493
</TD>
<TD nowrap align="left" valign="bottom">
    )
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    (438
</TD>
<TD nowrap align="left" valign="bottom">
    )
</TD>
</TR>
<TR valign="bottom" style="font-size: 1pt">
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 20pt">
    <B>Total owner&#146;s deficit</B>
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    <B>(140</B>
</TD>
<TD nowrap align="left" valign="bottom">
    <B>)</B>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    <B>(83</B>
</TD>
<TD nowrap align="left" valign="bottom">
    <B>)</B>
</TD>
</TR>
<TR valign="bottom" style="font-size: 1pt">
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="line-height: 9pt">
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Commitments and contingencies
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    9
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="line-height: 6pt">
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 20pt">
    <B>Total liabilities and owner&#146;s deficit</B>
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    <B>108</B>
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    <B>325</B>
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="font-size: 1pt">
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
</TABLE>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">

</DIV>

<DIV style="margin-top: 3pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    See accompanying notes to financial statements.
</DIV>

<P align="center" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <BR>
    F-81
</DIV><!-- END PAGE WIDTH -->
<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>

<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->

<DIV align="center" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">Shanghai
    Sige Advertising and Media Co., Ltd.<BR>
    </FONT></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <A name='603'><B><FONT style="font-family: 'Times New Roman', Times">Statements
    of Income<BR>
    </FONT></B>
</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">(Amounts
    in thousands)</FONT></B></A>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<TABLE border="0" width="100%" align="center" cellpadding="0" cellspacing="0" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
<!-- Table Width Row BEGIN -->
<TR style="font-size: 1pt" valign="bottom">
    <TD width="67%">&nbsp;</TD>	<!-- colindex=01 type=maindata -->
    <TD width="2%">&nbsp;</TD>	<!-- colindex=02 type=gutter -->
    <TD width="1%" align="right">&nbsp;</TD>	<!-- colindex=02 type=lead -->
    <TD width="1%" align="right">&nbsp;</TD>	<!-- colindex=02 type=body -->
    <TD width="1%" align="left">&nbsp;</TD>	<!-- colindex=02 type=hang1 -->
    <TD width="3%">&nbsp;</TD>	<!-- colindex=03 type=gutter -->
    <TD width="1%" align="right">&nbsp;</TD>	<!-- colindex=03 type=lead -->
    <TD width="8%" align="right">&nbsp;</TD>	<!-- colindex=03 type=body -->
    <TD width="1%" align="left">&nbsp;</TD>	<!-- colindex=03 type=hang1 -->
    <TD width="3%">&nbsp;</TD>	<!-- colindex=04 type=gutter -->
    <TD width="1%" align="right">&nbsp;</TD>	<!-- colindex=04 type=lead -->
    <TD width="10%" align="right">&nbsp;</TD>	<!-- colindex=04 type=body -->
    <TD width="1%" align="left">&nbsp;</TD>	<!-- colindex=04 type=hang1 -->
</TR>
<!-- Table Width Row END -->
<TR style="font-size: 8pt" valign="bottom" align="center">
<TD nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>Period from<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom" align="center">
<TD nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>Year Ended<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>January&#160;1, 2007<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom" align="center">
<TD nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>December&#160;31,<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>through<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom" align="center">
<TD nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    <B>2006</B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    <B>June&#160;3, 2007</B>
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom" align="center">
<TD nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>Note</B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    <B>US$</B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    <B>US$</B>
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR style="line-height: 3pt; font-size: 1pt">
<TD>&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Advertising service revenues
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    1,424
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    599
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Cost of revenues
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    (622
</TD>
<TD nowrap align="left" valign="bottom">
    )
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    (369
</TD>
<TD nowrap align="left" valign="bottom">
    )
</TD>
</TR>
<TR valign="bottom" style="font-size: 1pt">
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    <B>Gross profit</B>
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    <B>802</B>
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    <B>230</B>
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Sales and marketing expenses
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    (36
</TD>
<TD nowrap align="left" valign="bottom">
    )
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    (25
</TD>
<TD nowrap align="left" valign="bottom">
    )
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    General and administrative expenses
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    (145
</TD>
<TD nowrap align="left" valign="bottom">
    )
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    (129
</TD>
<TD nowrap align="left" valign="bottom">
    )
</TD>
</TR>
<TR valign="bottom" style="font-size: 1pt">
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    <B>Income before income taxes</B>
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    <B>621</B>
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    <B>76</B>
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Income tax expense
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    6
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    (15
</TD>
<TD nowrap align="left" valign="bottom">
    )
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    (21
</TD>
<TD nowrap align="left" valign="bottom">
    )
</TD>
</TR>
<TR valign="bottom" style="font-size: 1pt">
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    <B>Net income</B>
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    <B>606</B>
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    <B>55</B>
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="font-size: 1pt">
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
</TABLE>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">

</DIV>

<DIV style="margin-top: 3pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    See accompanying notes to financial statements.
</DIV>

<P align="center" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <BR>
    F-82
</DIV><!-- END PAGE WIDTH -->
<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>

<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->

<DIV align="center" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">Shanghai
    Sige Advertising and Media Co., Ltd.<BR>
    </FONT></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <A name='604'><B><FONT style="font-family: 'Times New Roman', Times">Statements
    of Owner&#146;s Deficit and Comprehensive Income<BR>
    </FONT></B>
</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">(Amounts
    in thousands)</FONT></B></A>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<TABLE border="0" width="100%" align="center" cellpadding="0" cellspacing="0" style="font-size: 9pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
<!-- Table Width Row BEGIN -->
<TR style="font-size: 1pt" valign="bottom">
    <TD width="41%">&nbsp;</TD>	<!-- colindex=01 type=maindata -->
    <TD width="1%">&nbsp;</TD>	<!-- colindex=02 type=gutter -->
    <TD width="1%" align="right">&nbsp;</TD>	<!-- colindex=02 type=lead -->
    <TD width="1%" align="right">&nbsp;</TD>	<!-- colindex=02 type=body -->
    <TD width="1%" align="left">&nbsp;</TD>	<!-- colindex=02 type=hang1 -->
    <TD width="1%">&nbsp;</TD>	<!-- colindex=03 type=gutter -->
    <TD width="1%" align="right">&nbsp;</TD>	<!-- colindex=03 type=lead -->
    <TD width="5%" align="right">&nbsp;</TD>	<!-- colindex=03 type=body -->
    <TD width="1%" align="left">&nbsp;</TD>	<!-- colindex=03 type=hang1 -->
    <TD width="1%">&nbsp;</TD>	<!-- colindex=04 type=gutter -->
    <TD width="1%" align="right">&nbsp;</TD>	<!-- colindex=04 type=lead -->
    <TD width="4%" align="right">&nbsp;</TD>	<!-- colindex=04 type=body -->
    <TD width="1%" align="left">&nbsp;</TD>	<!-- colindex=04 type=hang1 -->
    <TD width="1%">&nbsp;</TD>	<!-- colindex=05 type=gutter -->
    <TD width="1%" align="right">&nbsp;</TD>	<!-- colindex=05 type=lead -->
    <TD width="7%" align="right">&nbsp;</TD>	<!-- colindex=05 type=body -->
    <TD width="1%" align="left">&nbsp;</TD>	<!-- colindex=05 type=hang1 -->
    <TD width="1%">&nbsp;</TD>	<!-- colindex=06 type=gutter -->
    <TD width="1%" align="right">&nbsp;</TD>	<!-- colindex=06 type=lead -->
    <TD width="6%" align="right">&nbsp;</TD>	<!-- colindex=06 type=body -->
    <TD width="1%" align="left">&nbsp;</TD>	<!-- colindex=06 type=hang1 -->
    <TD width="1%">&nbsp;</TD>	<!-- colindex=07 type=gutter -->
    <TD width="1%" align="right">&nbsp;</TD>	<!-- colindex=07 type=lead -->
    <TD width="7%" align="right">&nbsp;</TD>	<!-- colindex=07 type=body -->
    <TD width="1%" align="left">&nbsp;</TD>	<!-- colindex=07 type=hang1 -->
    <TD width="1%">&nbsp;</TD>	<!-- colindex=08 type=gutter -->
    <TD width="1%" align="right">&nbsp;</TD>	<!-- colindex=08 type=lead -->
    <TD width="8%" align="right">&nbsp;</TD>	<!-- colindex=08 type=body -->
    <TD width="1%" align="left">&nbsp;</TD>	<!-- colindex=08 type=hang1 -->
</TR>
<!-- Table Width Row END -->
<TR style="font-size: 7pt" valign="bottom" align="center">
<TD nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>Accumulated<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR style="font-size: 7pt" valign="bottom" align="center">
<TD nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>Statutory<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>other<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR style="font-size: 7pt" valign="bottom" align="center">
<TD nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>Contributed<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>surplus<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>comprehensive<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>Accumulated<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>Total owner&#146;s<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>Comprehensive<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR style="font-size: 7pt" valign="bottom" align="center">
<TD nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    <B>capital</B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    <B>reserve</B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    <B>income</B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    <B>deficit</B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    <B>deficit</B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    <B>income</B>
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR style="font-size: 7pt" valign="bottom" align="center">
<TD nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>Note</B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    <B>US$</B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    <B>US$</B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    <B>US$</B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    <B>US$</B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    <B>US$</B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    <B>US$</B>
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR style="line-height: 3pt; font-size: 1pt">
<TD>&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD align="left" valign="bottom">
<DIV style="text-indent: -9pt; margin-left: 9pt">
    Balance as of January&#160;1, 2006
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    242
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    40
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    9
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    (338
</TD>
<TD nowrap align="left" valign="bottom">
    )
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    (47
</TD>
<TD nowrap align="left" valign="bottom">
    )
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -9pt; margin-left: 9pt">
    Net income
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    606
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    606
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    606
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD align="left" valign="bottom">
<DIV style="text-indent: -9pt; margin-left: 9pt">
    Foreign currency exchange translation adjustment
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    4
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    4
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    4
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="font-size: 1pt">
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -9pt; margin-left: 18pt">
    <B>Comprehensive income</B>
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    <B>610</B>
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="font-size: 1pt">
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD align="left" valign="bottom">
<DIV style="text-indent: -9pt; margin-left: 9pt">
    Appropriations to statutory surplus reserve
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    8
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    58
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    (58
</TD>
<TD nowrap align="left" valign="bottom">
    )
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -9pt; margin-left: 9pt">
    Distributions to owner
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    (703
</TD>
<TD nowrap align="left" valign="bottom">
    )
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    (703
</TD>
<TD nowrap align="left" valign="bottom">
    )
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="font-size: 1pt">
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD align="left" valign="bottom">
<DIV style="text-indent: -9pt; margin-left: 9pt">
    <B>Balance as of December&#160;31, 2006</B>
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    <B>242</B>
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    <B>98</B>
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    <B>13</B>
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    <B>(493</B>
</TD>
<TD nowrap align="left" valign="bottom">
    <B>)</B>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    <B>(140</B>
</TD>
<TD nowrap align="left" valign="bottom">
    <B>)</B>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="font-size: 1pt">
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -9pt; margin-left: 9pt">
    Net income
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    55
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    55
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    55
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD align="left" valign="bottom">
<DIV style="text-indent: -9pt; margin-left: 9pt">
    Foreign currency exchange translation adjustment
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    2
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    2
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    2
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="font-size: 1pt">
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -9pt; margin-left: 18pt">
    <B>Comprehensive income</B>
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    <B>57</B>
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="font-size: 1pt">
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD align="left" valign="bottom">
<DIV style="text-indent: -9pt; margin-left: 9pt">
    <B>Balance as of June&#160;3, 2007</B>
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    <B>242</B>
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    <B>98</B>
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    <B>15</B>
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    <B>(438</B>
</TD>
<TD nowrap align="left" valign="bottom">
    <B>)</B>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    <B>(83</B>
</TD>
<TD nowrap align="left" valign="bottom">
    <B>)</B>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="font-size: 1pt">
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
</TABLE>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">

</DIV>

<DIV style="margin-top: 3pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    See accompanying notes to financial statements.
</DIV>

<P align="center" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <BR>
    F-83
</DIV><!-- END PAGE WIDTH -->
<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>

<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->

<DIV align="center" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">Shanghai
    Sige Advertising and Media Co., Ltd.<BR>
    </FONT></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <A name='605'><B><FONT style="font-family: 'Times New Roman', Times">Statements
    of Cash Flows<BR>
    </FONT></B>
</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">(Amounts
    in thousands)</FONT></B></A>
</DIV>
</A>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<TABLE border="0" width="100%" align="center" cellpadding="0" cellspacing="0" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
<!-- Table Width Row BEGIN -->
<TR style="font-size: 1pt" valign="bottom">
    <TD width="69%">&nbsp;</TD>	<!-- colindex=01 type=maindata -->
    <TD width="2%">&nbsp;</TD>	<!-- colindex=02 type=gutter -->
    <TD width="1%" align="right">&nbsp;</TD>	<!-- colindex=02 type=lead -->
    <TD width="12%" align="right">&nbsp;</TD>	<!-- colindex=02 type=body -->
    <TD width="1%" align="left">&nbsp;</TD>	<!-- colindex=02 type=hang1 -->
    <TD width="3%">&nbsp;</TD>	<!-- colindex=03 type=gutter -->
    <TD width="1%" align="right">&nbsp;</TD>	<!-- colindex=03 type=lead -->
    <TD width="10%" align="right">&nbsp;</TD>	<!-- colindex=03 type=body -->
    <TD width="1%" align="left">&nbsp;</TD>	<!-- colindex=03 type=hang1 -->
</TR>
<!-- Table Width Row END -->
<TR style="font-size: 8pt" valign="bottom" align="center">
<TD nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>Period from<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom" align="center">
<TD nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>January&#160;1,&#160;2007<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom" align="center">
<TD nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>Year Ended<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>through<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom" align="center">
<TD nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    <B>December&#160;31, 2006</B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    <B>June&#160;3,&#160;2007</B>
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom" align="center">
<TD nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    <B>US$</B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    <B>US$</B>
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR style="line-height: 3pt; font-size: 1pt">
<TD>&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    <B>Net income</B>
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    <B>606</B>
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    <B>55</B>
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    <I>Adjustments to reconcile net income to net cash provided by
    operating activities:</I>
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Depreciation
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    5
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    2
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    <I>Changes in operating assets and liabilities:</I>
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Accounts receivable
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    199
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    (126
</TD>
<TD nowrap align="left" valign="bottom">
    )
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Amount due from owner
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    62
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Prepaid expenses and deposits
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    (1
</TD>
<TD nowrap align="left" valign="bottom">
    )
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Accounts payable
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    (123
</TD>
<TD nowrap align="left" valign="bottom">
    )
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    7
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Accrued expenses and other payables
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    105
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    88
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Deferred revenue
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    (156
</TD>
<TD nowrap align="left" valign="bottom">
    )
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    45
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Income taxes payable
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    17
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="font-size: 1pt">
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    <B>Net cash provided by operating activities</B>
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    <B>697</B>
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    <B>88</B>
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="line-height: 9pt">
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    <B>Cash flows from investing activities</B>
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Amount due from an affiliated company
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    (86
</TD>
<TD nowrap align="left" valign="bottom">
    )
</TD>
</TR>
<TR valign="bottom" style="font-size: 1pt">
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    <B>Net cash used in investing activities</B>
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    <B>(86</B>
</TD>
<TD nowrap align="left" valign="bottom">
    <B>)</B>
</TD>
</TR>
<TR valign="bottom" style="line-height: 9pt">
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    <B>Cash flows from financing activities</B>
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Distributions to owner
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    (703
</TD>
<TD nowrap align="left" valign="bottom">
    )
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="font-size: 1pt">
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    <B>Net cash used in financing activities</B>
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    <B>(703</B>
</TD>
<TD nowrap align="left" valign="bottom">
    <B>)</B>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="line-height: 9pt">
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    <B>Effect of foreign currency exchange rate changes on cash</B>
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    <B>1</B>
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    <B>1</B>
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="font-size: 1pt">
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="line-height: 9pt">
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    <B>Net (decrease) increase in cash</B>
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    <B>(5</B>
</TD>
<TD nowrap align="left" valign="bottom">
    <B>)</B>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    <B>3</B>
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="line-height: 9pt">
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Cash at beginning of year / period
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    20
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    15
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="font-size: 1pt">
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="line-height: 9pt">
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    <B>Cash at end of year / period</B>
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    <B>15</B>
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    <B>18</B>
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="font-size: 1pt">
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="line-height: 9pt">
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    <B>Supplemental cash flow information:</B>
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Income tax paid
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    15
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    5
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
</TABLE>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">

</DIV>

<DIV style="margin-top: 3pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    See accompanying notes to financial statements.
</DIV>

<P align="center" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <BR>
    F-84
</DIV><!-- END PAGE WIDTH -->
<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>

<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->

<DIV align="center" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">Shanghai
    Sige Advertising and Media Co., Ltd.<BR>
    </FONT></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <A name='606'><B><FONT style="font-family: 'Times New Roman', Times">Notes
    to Financial Statements</FONT></B></A>
</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    </A><B>(Amounts in thousands)</B>
</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

<TR>
    <TD width="3%"></TD>
    <TD width="97%"></TD>
</TR>

<TR valign="top">
    <TD>
    <B><FONT style="font-family: 'Times New Roman', Times">1.&#160;&#160;</FONT></B>
</TD>
    <TD>
    <B><FONT style="font-family: 'Times New Roman', Times">Organization,
    principal activities and basis of presentation</FONT></B>
</TD>
</TR>

</TABLE>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

<TR>
    <TD width="4%"></TD>
    <TD width="96%"></TD>
</TR>

<TR valign="top">
    <TD>
    <B><I><FONT style="font-family: 'Times New Roman', Times">(a)&#160;&#160;</FONT></I></B>
</TD>
    <TD>
    <B><I><FONT style="font-family: 'Times New Roman', Times">Organization
    and principal activities</FONT></I></B>
</TD>
</TR>

</TABLE>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Shanghai Sige Advertising and Media Co., Ltd. (the
    &#147;Company&#148;) was incorporated on June&#160;8, 2005 as a
    limited liability company in the People&#146;s Republic of China
    (&#147;PRC&#148;) and is principally engaged in the provision of
    advertising services whereby it displays customer advertisements
    on poster frames placed inside elevators of residential and
    commercial buildings in Shanghai Municipality and Shenzhen city
    of the PRC.
</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

<TR>
    <TD width="4%"></TD>
    <TD width="96%"></TD>
</TR>

<TR valign="top">
    <TD>
    <B><I><FONT style="font-family: 'Times New Roman', Times">(b)&#160;&#160;</FONT></I></B>
</TD>
    <TD>
    <B><I><FONT style="font-family: 'Times New Roman', Times">Basis
    of presentation</FONT></I></B>
</TD>
</TR>

</TABLE>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    The accompanying financial statements of the Company have been
    prepared in accordance with accounting principles generally
    accepted in the United States of America
    (&#147;U.S.&#160;GAAP&#148;). This basis of accounting differs
    in certain material respects from that used for the preparation
    of the statutory books of the Company, which are prepared in
    accordance with the accounting principles and the relevant
    financial regulations established by the Ministry of Finance of
    the PRC, the accounting standards used in the PRC. The
    accompanying financial statements reflect necessary adjustments
    not recorded in the books of account of the Company to present
    them in conformity with U.S.&#160;GAAP.
</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

<TR>
    <TD width="3%"></TD>
    <TD width="97%"></TD>
</TR>

<TR valign="top">
    <TD>
    <B><FONT style="font-family: 'Times New Roman', Times">2.&#160;&#160;</FONT></B>
</TD>
    <TD>
    <B><FONT style="font-family: 'Times New Roman', Times">Summary
    of significant accounting policies</FONT></B>
</TD>
</TR>

</TABLE>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

<TR>
    <TD width="4%"></TD>
    <TD width="96%"></TD>
</TR>

<TR valign="top">
    <TD>
    <B><I><FONT style="font-family: 'Times New Roman', Times">(a)&#160;&#160;</FONT></I></B>
</TD>
    <TD>
    <B><I><FONT style="font-family: 'Times New Roman', Times">Use of
    estimates</FONT></I></B>
</TD>
</TR>

</TABLE>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    The preparation of financial statements in conformity with
    U.S.&#160;GAAP requires management of the Company to make
    estimates and assumptions relating to the reported amounts of
    assets and liabilities and the disclosure of contingent assets
    and liabilities at the date of the financial statements and the
    reported amounts of revenue and expenses during the reporting
    period. Significant items subject to such estimates and
    assumptions include allowance for doubtful receivables and the
    assessment of contingent obligations. These estimates are often
    based on complex judgments and assumptions that management
    believes to be reasonable but are inherently uncertain and
    unpredictable. Actual results could differ from these estimates.
</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

<TR>
    <TD width="4%"></TD>
    <TD width="96%"></TD>
</TR>

<TR valign="top">
    <TD>
    <B><I><FONT style="font-family: 'Times New Roman', Times">(b)&#160;&#160;</FONT></I></B>
</TD>
    <TD>
    <B><I><FONT style="font-family: 'Times New Roman', Times">Foreign
    currency transactions and translation</FONT></I></B>
</TD>
</TR>

</TABLE>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    The Company has selected the United States dollars
    (&#147;US$&#148;) as its reporting currency. The functional
    currency of the Company is the Renminbi (&#147;RMB&#148;) as the
    PRC is the primary economic environment in which the Company
    operates. Since the RMB is not a fully convertible currency, all
    foreign exchange transactions involving RMB must take place
    either through the People&#146;s Bank of China (the
    &#147;PBOC&#148;) or other institutions authorized to buy and
    sell foreign exchange. The exchange rates adopted for the
    foreign exchange transactions are the rates of exchange quoted
    by the PBOC.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    The assets and liabilities of the Company are translated from
    RMB, the functional currency, into the US$ reporting currency
    using the exchange rate at the balance sheet date. Revenue and
    expenses of the Company are translated into US$ at the average
    rate prevailing during the reporting period. Gains and losses
    resulting from translation of the Company&#146;s RMB functional
    currency financial statements into the US$ reporting currency
    are recorded as a separate component of accumulated other
    comprehensive income within owner&#146;s deficit.
</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

<TR>
    <TD width="4%"></TD>
    <TD width="96%"></TD>
</TR>

<TR valign="top">
    <TD>
    <B><I><FONT style="font-family: 'Times New Roman', Times">(c)&#160;&#160;</FONT></I></B>
</TD>
    <TD>
    <B><I><FONT style="font-family: 'Times New Roman', Times">Accounts
    receivable</FONT></I></B>
</TD>
</TR>

</TABLE>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Accounts receivable consist of amounts billed and unbilled
    receivables. Unbilled receivables relate to revenues earned and
    recognized, but which have not been billed by the Company in
    accordance with the payment terms of the advertising service
    contract. The payment terms of the Company&#146;s service
    contracts with
</DIV>

<P align="center" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <BR>
    F-85
</DIV><!-- END PAGE WIDTH -->
<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>

<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->

<DIV style="margin-top: 18pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">Shanghai
    Sige Advertising and Media Co., Ltd.<BR>
    </FONT></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">Notes to
    Financial Statements&#160;&#151;&#160;(Continued)</FONT></B>
</DIV>
<DIV style="margin-top: 18pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    its customers vary and typically require an initial payment to
    be billed or paid at the commencement of the service period,
    progress payments to be billed during the service period, and a
    final payment to be billed after the completion of the service
    period. None of the Company&#146;s accounts receivable bear
    interest. The allowance for doubtful accounts is
    management&#146;s best estimate of the amount of probable credit
    losses in the Company&#146;s existing accounts receivable.
    Management determines the allowance based on historical
    write-off experience and review of customer specific facts and
    economic conditions. Account balances are charged off against
    the allowance after all means of collection have been exhausted
    and the potential for recovery is considered remote. The Company
    does not have any off-balance-sheet credit exposure related to
    its customers.
</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

<TR>
    <TD width="4%"></TD>
    <TD width="96%"></TD>
</TR>

<TR valign="top">
    <TD>
    <B><I><FONT style="font-family: 'Times New Roman', Times">(d)&#160;&#160;</FONT></I></B>
</TD>
    <TD>
    <B><I><FONT style="font-family: 'Times New Roman', Times">Long-lived
    assets</FONT></I></B>
</TD>
</TR>

</TABLE>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 2%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <I><FONT style="font-family: 'Times New Roman', Times">Office
    equipment</FONT></I>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Office equipment is stated at cost less accumulated
    depreciation. Depreciation is calculated on the straight-line
    method (after taking into account respective estimated residual
    values) over the equipment estimated useful life of
    5&#160;years. When items of office equipment are retired or
    otherwise disposed of, income is charged or credited for the
    difference between the net book value and proceeds received
    thereon. Ordinary maintenance and repairs are charged to expense
    as incurred, and replacements and settlements are capitalized.
</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 2%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <I><FONT style="font-family: 'Times New Roman', Times">Impairment
    of long-lived assets</FONT></I>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Long-lived assets, such as office equipment, are reviewed for
    impairment whenever events or changes in circumstances indicate
    that the carrying amount of an asset may not be recoverable. If
    circumstances require a long-lived asset or asset group be
    tested for possible impairment, the Company first compares
    undiscounted cash flows expected to be generated by that asset
    or asset group to its carrying value. If the carrying value of
    the long-lived asset or asset group is not recoverable on an
    undiscounted cash flow basis, impairment is recognized to the
    extent that the carrying value exceeds its fair value. Fair
    value is determined through various techniques including
    discounted cash flow model, quoted market values and third-party
    independent appraisals, as considered necessary. No impairment
    of long-lived assets was recognized for the year ended
    December&#160;31, 2006 and for the period from January&#160;1,
    2007 through June&#160;3, 2007.
</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

<TR>
    <TD width="4%"></TD>
    <TD width="96%"></TD>
</TR>

<TR valign="top">
    <TD>
    <B><I><FONT style="font-family: 'Times New Roman', Times">(e)&#160;&#160;</FONT></I></B>
</TD>
    <TD>
    <B><I><FONT style="font-family: 'Times New Roman', Times">Income
    taxes</FONT></I></B>
</TD>
</TR>

</TABLE>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Income taxes are accounted for under the asset and liability
    method. Deferred tax assets and liabilities are recognized for
    the future tax consequences attributable to differences between
    the financial statement carrying amounts of existing assets and
    liabilities and their respective tax bases and operating loss
    and tax credit carryforwards. Deferred tax assets and
    liabilities are measured using enacted tax rates expected to
    apply to taxable income in the years in which those temporary
    differences are expected to be recovered or settled. A valuation
    allowance is provided to reduce the amount of deferred tax
    assets if it is considered more likely than not that some
    portion or all of the deferred tax assets will not be realized.
    The effect on deferred tax assets and liabilities of a change in
    tax rates or laws is recognized in the statement of income in
    the period that includes the enactment date.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    On January&#160;1, 2007, the Company adopted Financial
    Accounting Standards Board (&#147;FASB&#148;) Interpretation
    No.&#160;48, &#147;<I>Accounting for Uncertainty in Income
    Taxes, and interpretation of Statement of Financial Accounting
    Standards No.&#160;109&#148; </I>(&#147;FIN&#160;48&#148;).
    FIN&#160;48 clarifies the accounting for uncertainty in tax
    positions. This interpretation requires that an entity
    recognizes in the financial statements the impact of a tax
    position, if that position is more likely than not of being
    sustained upon examination, based on the technical merits of
    position. Recognized income tax positions are measured at the
    largest amount that is greater than 50% likely of being
    realized. Changes in recognition or measurement are reflected in
    the period in which the change in judgment occurs. The adoption
    of FIN&#160;48 on January&#160;1, 2007 did not have any effect
    on the Company&#146;s financial statements. The Company&#146;s
    accounting policy is to accrue interest and penalties related
</DIV>

<P align="center" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <BR>
    F-86
</DIV><!-- END PAGE WIDTH -->
<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>

<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->

<DIV style="margin-top: 18pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">Shanghai
    Sige Advertising and Media Co., Ltd.<BR>
    </FONT></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">Notes to
    Financial Statements&#160;&#151;&#160;(Continued)</FONT></B>
</DIV>
<DIV style="margin-top: 18pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    to uncertain tax positions, if and when required, as interest
    expense and a component of general and administrative expenses,
    respectively, in the statement of income.
</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

<TR>
    <TD width="4%"></TD>
    <TD width="96%"></TD>
</TR>

<TR valign="top">
    <TD>
    <B><I><FONT style="font-family: 'Times New Roman', Times">(f)&#160;&#160;</FONT></I></B>
</TD>
    <TD>
    <B><I><FONT style="font-family: 'Times New Roman', Times">Revenue
    recognition</FONT></I></B>
</TD>
</TR>

</TABLE>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    The Company recognizes advertising service revenue on a
    straight-line basis over the period in which the customer
    advertisement is required to be displayed, which typically
    ranges from 1&#160;to 6 months, starting from the date the
    Company first displays the advertisement. Written contracts are
    entered into between the Company and its customers to specify
    the price, the period and the location of where the
    advertisement is to be displayed. Revenue is only recognized if
    the collectibility of the advertising service fee is probable.
    Customer payments received in excess of the amount of revenue
    recognised are recorded as deferred revenue in the balance sheet.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    The Company also enters into barter transactions, which
    represents the exchange of the Company&#146;s advertising
    services for goods or non-advertising services provided by third
    parties. Revenues and expenses are recognized from an
    advertising barter transaction only if the fair value of the
    advertising surrendered in the transaction is determinable based
    on the Company&#146;s own historical practice of receiving cash
    or other consideration that is readily convertible to a known
    amount of cash for similar advertising from buyers unrelated to
    the counterparty in the barter transaction. A period not to
    exceed six months prior to the date of the barter transaction is
    used to determine whether a historical experience exists of
    receiving cash for similar advertising. If the fair value of the
    advertising surrendered in the barter transaction is not
    determinable, the barter transaction is recorded based on the
    carrying amount of the advertising surrendered, which is
    generally nil. For the year ended December&#160;31, 2006 and for
    the period from January&#160;1, 2007 through June&#160;3, 2007,
    revenue from barter transactions amounted to US$nil and US$36,
    respectively.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Revenues for the year ended December&#160;31, 2006 and for the
    period from January&#160;1, 2007 through June&#160;3, 2007 are
    presented net of the related business tax and surcharges of
    US$128 and US$42, respectively.
</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

<TR>
    <TD width="4%"></TD>
    <TD width="96%"></TD>
</TR>

<TR valign="top">
    <TD>
    <B><I><FONT style="font-family: 'Times New Roman', Times">(g)&#160;&#160;</FONT></I></B>
</TD>
    <TD>
    <B><I><FONT style="font-family: 'Times New Roman', Times">Cost
    of revenues</FONT></I></B>
</TD>
</TR>

</TABLE>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Cost of revenues consists primarily of operating lease costs of
    advertising space for displaying advertisements, and direct
    staff and material costs associated with production and
    installation of advertising content.
</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

<TR>
    <TD width="4%"></TD>
    <TD width="96%"></TD>
</TR>

<TR valign="top">
    <TD>
    <B><I><FONT style="font-family: 'Times New Roman', Times">(h)&#160;&#160;</FONT></I></B>
</TD>
    <TD>
    <B><I><FONT style="font-family: 'Times New Roman', Times">Operating
    leases</FONT></I></B>
</TD>
</TR>

</TABLE>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    The Company leases advertising space and office premises under
    non-cancellable operating leases. Minimum lease payments are
    expensed on a straight-line basis over the lease term. Under the
    terms of the lease agreements, the Company has no legal or
    contractual asset retirement obligations at the end of the lease.
</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

<TR>
    <TD width="4%"></TD>
    <TD width="96%"></TD>
</TR>

<TR valign="top">
    <TD>
    <B><I><FONT style="font-family: 'Times New Roman', Times">(i)&#160;&#160;</FONT></I></B>
</TD>
    <TD>
    <B><I><FONT style="font-family: 'Times New Roman', Times">Retirement
    and other post retirement benefits</FONT></I></B>
</TD>
</TR>

</TABLE>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Pursuant to relevant PRC regulations, the Company is required to
    make contributions to various defined contribution retirement
    plans organized by the PRC government. The contributions are
    made for each qualifying PRC employee at a rate of 20% on a
    standard salary base as determined by the PRC governmental
    authority. Contributions to the defined contribution plans are
    charged to the statement of income as the related employee
    service is provided. For the year ended December&#160;31, 2006
    and for the period from January&#160;1, 2007 through
    June&#160;3, 2007, contributions to the defined contribution
    plans were US$16 and US$6, respectively.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    The Company has no other obligation for the payment of employee
    benefits associated with retirement plans beyond the
    contributions described above.
</DIV>

<P align="center" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <BR>
    F-87
</DIV><!-- END PAGE WIDTH -->
<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>

<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->

<DIV style="margin-top: 18pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">Shanghai
    Sige Advertising and Media Co., Ltd.<BR>
    </FONT></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">Notes to
    Financial Statements&#160;&#151;&#160;(Continued)</FONT></B>
</DIV>
<DIV style="margin-top: 18pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

<TR>
    <TD width="4%"></TD>
    <TD width="96%"></TD>
</TR>

<TR valign="top">
    <TD>
    <B><I><FONT style="font-family: 'Times New Roman', Times">(j)&#160;&#160;</FONT></I></B>
</TD>
    <TD>
    <B><I><FONT style="font-family: 'Times New Roman', Times">Commitments
    and contingencies</FONT></I></B>
</TD>
</TR>

</TABLE>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    In the normal course of business, the Company is subject to loss
    contingencies, such as legal proceedings and claims arising out
    of its business, that cover a wide range of matters, including,
    among others, government investigations, customer lawsuit and
    tax matters. The Company records accruals for such loss
    contingencies when it is probable that a liability has been
    incurred and the amount of loss can be reasonably estimated.
</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

<TR>
    <TD width="3%"></TD>
    <TD width="97%"></TD>
</TR>

<TR valign="top">
    <TD>
    <B><FONT style="font-family: 'Times New Roman', Times">3.&#160;&#160;</FONT></B>
</TD>
    <TD>
    <B><FONT style="font-family: 'Times New Roman', Times">Accounts
    receivable, net</FONT></B>
</TD>
</TR>

</TABLE>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    As of December&#160;31, 2006 and June&#160;3, 2007, the
    Company&#146;s accounts receivable includes amounts earned and
    recognized as revenues but not yet billed (unbilled receivables)
    of US$7 and US$22, respectively. Management expects all unbilled
    receivables to be billed and collected within twelve months of
    the balance sheet date.
</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

<TR>
    <TD width="3%"></TD>
    <TD width="97%"></TD>
</TR>

<TR valign="top">
    <TD>
    <B><FONT style="font-family: 'Times New Roman', Times">4.&#160;&#160;</FONT></B>
</TD>
    <TD>
    <B><FONT style="font-family: 'Times New Roman', Times">Office
    equipment, net</FONT></B>
</TD>
</TR>

</TABLE>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Office equipment, net consists of the following:
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<TABLE border="0" width="100%" align="center" cellpadding="0" cellspacing="0" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
<!-- Table Width Row BEGIN -->
<TR style="font-size: 1pt" valign="bottom">
    <TD width="79%">&nbsp;</TD>	<!-- colindex=01 type=maindata -->
    <TD width="2%">&nbsp;</TD>	<!-- colindex=02 type=gutter -->
    <TD width="1%" align="right">&nbsp;</TD>	<!-- colindex=02 type=lead -->
    <TD width="9%" align="right">&nbsp;</TD>	<!-- colindex=02 type=body -->
    <TD width="1%" align="left">&nbsp;</TD>	<!-- colindex=02 type=hang1 -->
    <TD width="3%">&nbsp;</TD>	<!-- colindex=03 type=gutter -->
    <TD width="1%" align="right">&nbsp;</TD>	<!-- colindex=03 type=lead -->
    <TD width="3%" align="right">&nbsp;</TD>	<!-- colindex=03 type=body -->
    <TD width="1%" align="left">&nbsp;</TD>	<!-- colindex=03 type=hang1 -->
</TR>
<!-- Table Width Row END -->
<TR style="font-size: 8pt" valign="bottom" align="center">
<TD nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>December&#160;31,<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>June&#160;3,<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom" align="center">
<TD nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    <B>2006</B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    <B>2007</B>
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom" align="center">
<TD nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>US$</B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>US$</B>
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR style="line-height: 3pt; font-size: 1pt">
<TD>&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Cost
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    28
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    28
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Less: accumulated depreciation
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    (8
</TD>
<TD nowrap align="left" valign="bottom">
    )
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    (10
</TD>
<TD nowrap align="left" valign="bottom">
    )
</TD>
</TR>
<TR valign="bottom" style="font-size: 1pt">
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 20pt">
    <B>Net</B>
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    <B>20</B>
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    <B>18</B>
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="font-size: 1pt">
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
</TABLE>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">

</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Depreciation expense for the year ended December&#160;31, 2006
    and for the period from January&#160;1, 2007 through
    June&#160;3, 2007 amounted to US$5 and US$2 respectively and was
    included in general and administrative expenses.
</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

<TR>
    <TD width="3%"></TD>
    <TD width="97%"></TD>
</TR>

<TR valign="top">
    <TD>
    <B><FONT style="font-family: 'Times New Roman', Times">5.&#160;&#160;</FONT></B>
</TD>
    <TD>
    <B><FONT style="font-family: 'Times New Roman', Times">Accrued
    expenses and other payables</FONT></B>
</TD>
</TR>

</TABLE>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Accrued expenses and other payables consist of the following:
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<TABLE border="0" width="100%" align="center" cellpadding="0" cellspacing="0" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
<!-- Table Width Row BEGIN -->
<TR style="font-size: 1pt" valign="bottom">
    <TD width="79%">&nbsp;</TD>	<!-- colindex=01 type=maindata -->
    <TD width="2%">&nbsp;</TD>	<!-- colindex=02 type=gutter -->
    <TD width="1%" align="right">&nbsp;</TD>	<!-- colindex=02 type=lead -->
    <TD width="9%" align="right">&nbsp;</TD>	<!-- colindex=02 type=body -->
    <TD width="1%" align="left">&nbsp;</TD>	<!-- colindex=02 type=hang1 -->
    <TD width="3%">&nbsp;</TD>	<!-- colindex=03 type=gutter -->
    <TD width="1%" align="right">&nbsp;</TD>	<!-- colindex=03 type=lead -->
    <TD width="3%" align="right">&nbsp;</TD>	<!-- colindex=03 type=body -->
    <TD width="1%" align="left">&nbsp;</TD>	<!-- colindex=03 type=hang1 -->
</TR>
<!-- Table Width Row END -->
<TR style="font-size: 8pt" valign="bottom" align="center">
<TD nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>December&#160;31,<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>June&#160;3,<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom" align="center">
<TD nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    <B>2006</B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    <B>2007</B>
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom" align="center">
<TD nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>US$</B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>US$</B>
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR style="line-height: 3pt; font-size: 1pt">
<TD>&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Accrued payroll and staff benefits
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    29
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    34
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Business tax and surcharges payable
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    157
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    193
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Other accrued expenses
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    7
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    57
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="font-size: 1pt">
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 20pt">
    <B>Total accrued expenses and other payables</B>
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    <B>193</B>
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    <B>284</B>
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="font-size: 1pt">
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
</TABLE>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">

</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

<TR>
    <TD width="3%"></TD>
    <TD width="97%"></TD>
</TR>

<TR valign="top">
    <TD>
    <B><FONT style="font-family: 'Times New Roman', Times">6.&#160;&#160;</FONT></B>
</TD>
    <TD>
    <B><FONT style="font-family: 'Times New Roman', Times">Income
    taxes</FONT></B>
</TD>
</TR>

</TABLE>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    The Company is registered in the Chongming District of Shanghai
    Municipality of the PRC. For the year ended December&#160;31,
    2006 and for the period from January&#160;1, 2007 through
    June&#160;3, 2007, the Company was subject to income tax on a
    special concessionary rate of 3.3% of its advertising revenue
    less approved deductions (&#147;Special Concessionary Tax
    Rate&#148;) according to written approval from the local tax
    bureau. The income tax expense for the year ended
    December&#160;31, 2006 and for the period from January&#160;1,
    2007 through June&#160;3, 2007 consists solely of current income
    tax expense in the PRC. As of January&#160;1, 2006,
    December&#160;31, 2006 and June&#160;3, 2007, the Company had no
    temporary differences, tax loss and tax credit carryforwards.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    On March&#160;16, 2007, the Fifth Plenary Session of the Tenth
    National People&#146;s Congress passed the Corporate Income Tax
    Law of the PRC (&#147;new tax law&#148;) which became effective
    on January&#160;1, 2008.
</DIV>

<P align="center" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <BR>
    F-88
</DIV><!-- END PAGE WIDTH -->
<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>

<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->

<DIV style="margin-top: 18pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">Shanghai
    Sige Advertising and Media Co., Ltd.<BR>
    </FONT></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">Notes to
    Financial Statements&#160;&#151;&#160;(Continued)</FONT></B>
</DIV>
<DIV style="margin-top: 18pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    According to the new tax law, the enterprise income tax rate for
    entities other than certain high-tech enterprises or small-scale
    enterprises that earn &#147;small profit&#148;, as defined in
    the new tax law, is 25%. In addition, from January&#160;1, 2008,
    certain enterprises that were previously taxed at preferential
    rates are subject to a five-year transition period during which
    the income tax rate will gradually be increased to the unified
    rate of 25%. Accordingly, the income tax rate applicable to
    assessable profits of the Company, which was previously taxed on
    a Special Concessionary Tax Rate, is 25% effective
    January&#160;1, 2008.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    All income before income taxes is from PRC sources. The actual
    income tax expense reported in the statements of income differs
    from the expected income tax expense computed by applying the
    PRC statutory tax rate of 33% to income before income taxes as a
    result of the following:
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<TABLE border="0" width="100%" align="center" cellpadding="0" cellspacing="0" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
<!-- Table Width Row BEGIN -->
<TR style="font-size: 1pt" valign="bottom">
    <TD width="71%">&nbsp;</TD>	<!-- colindex=01 type=maindata -->
    <TD width="2%">&nbsp;</TD>	<!-- colindex=02 type=gutter -->
    <TD width="1%" align="right">&nbsp;</TD>	<!-- colindex=02 type=lead -->
    <TD width="9%" align="right">&nbsp;</TD>	<!-- colindex=02 type=body -->
    <TD width="1%" align="left">&nbsp;</TD>	<!-- colindex=02 type=hang1 -->
    <TD width="3%">&nbsp;</TD>	<!-- colindex=03 type=gutter -->
    <TD width="1%" align="right">&nbsp;</TD>	<!-- colindex=03 type=lead -->
    <TD width="11%" align="right">&nbsp;</TD>	<!-- colindex=03 type=body -->
    <TD width="1%" align="left">&nbsp;</TD>	<!-- colindex=03 type=hang1 -->
</TR>
<!-- Table Width Row END -->
<TR style="font-size: 8pt" valign="bottom" align="center">
<TD nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>Period from<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom" align="center">
<TD nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>Year Ended<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>January&#160;1,&#160;2007<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom" align="center">
<TD nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>December&#160;31,<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>through<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom" align="center">
<TD nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    <B>2006</B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    <B>June&#160;3,&#160;2007</B>
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom" align="center">
<TD nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>US$</B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>US$</B>
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR style="line-height: 3pt; font-size: 1pt">
<TD>&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Computed expected tax expense
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    205
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    25
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Tax benefit of the Special Concessionary Tax Rate
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    (190
</TD>
<TD nowrap align="left" valign="bottom">
    )
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    (4
</TD>
<TD nowrap align="left" valign="bottom">
    )
</TD>
</TR>
<TR valign="bottom" style="font-size: 1pt">
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 20pt">
    <B>Actual income tax expense</B>
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    <B>15</B>
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    <B>21</B>
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="font-size: 1pt">
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
</TABLE>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">

</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    As of January&#160;1, 2007 and for the period from
    January&#160;1, 2007 through June&#160;3, 2007, the Company did
    not have unrecognized tax benefits relating to uncertain tax
    positions, and it does not expect that the amount of
    unrecognized tax benefits will increase significantly within the
    next 12&#160;months. No interest and penalties related to
    unrecognized tax benefits were accrued at the date of initial
    adoption of FIN 48 and as of June&#160;3, 2007.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    According to the PRC Tax Administration and Collection Law, the
    statute of limitations is three years if the underpayment of
    taxes is due to computational errors made by the taxpayer or the
    withholding agent. The statute of limitations is extended to
    five years under special circumstances where the underpayment of
    taxes is more than US$15 (RMB100). In the case of transfer
    pricing issues, the statute of limitation is ten years. There is
    no statute of limitation in the case of tax evasion. The income
    tax returns of the Company for the tax years ended
    December&#160;31, 2005 through 2007 are subject to examination
    by relevant tax authorities.
</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

<TR>
    <TD width="3%"></TD>
    <TD width="97%"></TD>
</TR>

<TR valign="top">
    <TD>
    <B><FONT style="font-family: 'Times New Roman', Times">7.&#160;&#160;</FONT></B>
</TD>
    <TD>
    <B><FONT style="font-family: 'Times New Roman', Times">Amount
    due from an affiliated company</FONT></B>
</TD>
</TR>

</TABLE>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Amount due from an affiliated company as of June&#160;3, 2007
    represented advance of US$87 to Jieli Investment Management
    Consulting (Shanghai) Co., Ltd., an entity under the common
    control of the owner of the Company, which was fully repaid in
    July 2008.
</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

<TR>
    <TD width="3%"></TD>
    <TD width="97%"></TD>
</TR>

<TR valign="top">
    <TD>
    <B><FONT style="font-family: 'Times New Roman', Times">8.&#160;&#160;</FONT></B>
</TD>
    <TD>
    <B><FONT style="font-family: 'Times New Roman', Times">Statutory
    surplus reserve</FONT></B>
</TD>
</TR>

</TABLE>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    The Company is required under PRC laws to transfer at least 10%
    of its after tax profits as reported in its PRC statutory
    financial statements to a statutory surplus reserve. The Company
    is permitted to discontinue allocations to this reserve if the
    balance of such reserve has reached 50% of its registered
    capital. The transfer to this reserve must be made before
    distribution of dividends to equity shareholders or owners can
    be made. The statutory reserve is not available for distribution
    to the owner (except in liquidation) and may not be transferred
    in the form of loans, advances or cash dividends. As of
    December&#160;31, 2006 and June&#160;3, 2007, the Company had
    appropriated US$98 and US$98 to the statutory surplus reserve
    fund, respectively, which is restricted for being distributed to
    the owner.
</DIV>

<P align="center" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <BR>
    F-89
</DIV><!-- END PAGE WIDTH -->
<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>

<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->

<DIV style="margin-top: 18pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">Shanghai
    Sige Advertising and Media Co., Ltd.<BR>
    </FONT></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">Notes to
    Financial Statements&#160;&#151;&#160;(Continued)</FONT></B>
</DIV>
<DIV style="margin-top: 18pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

<TR>
    <TD width="3%"></TD>
    <TD width="97%"></TD>
</TR>

<TR valign="top">
    <TD>
    <B><FONT style="font-family: 'Times New Roman', Times">9.&#160;&#160;</FONT></B>
</TD>
    <TD>
    <B><FONT style="font-family: 'Times New Roman', Times">Operating
    lease commitments</FONT></B>
</TD>
</TR>

</TABLE>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    The Company leases space primarily inside elevators to display
    the content of its customers advertisements, and office premises
    under operating lease arrangements. These operating leases do
    not contain provisions for contingent rentals.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Rental expenses under operating leases were included in the
    following expense items:
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<TABLE border="0" width="100%" align="center" cellpadding="0" cellspacing="0" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
<!-- Table Width Row BEGIN -->
<TR style="font-size: 1pt" valign="bottom">
    <TD width="71%">&nbsp;</TD>	<!-- colindex=01 type=maindata -->
    <TD width="2%">&nbsp;</TD>	<!-- colindex=02 type=gutter -->
    <TD width="1%" align="right">&nbsp;</TD>	<!-- colindex=02 type=lead -->
    <TD width="9%" align="right">&nbsp;</TD>	<!-- colindex=02 type=body -->
    <TD width="1%" align="left">&nbsp;</TD>	<!-- colindex=02 type=hang1 -->
    <TD width="3%">&nbsp;</TD>	<!-- colindex=03 type=gutter -->
    <TD width="1%" align="right">&nbsp;</TD>	<!-- colindex=03 type=lead -->
    <TD width="11%" align="right">&nbsp;</TD>	<!-- colindex=03 type=body -->
    <TD width="1%" align="left">&nbsp;</TD>	<!-- colindex=03 type=hang1 -->
</TR>
<!-- Table Width Row END -->
<TR style="font-size: 8pt" valign="bottom" align="center">
<TD nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>Period from<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom" align="center">
<TD nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>Year Ended<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>January&#160;1,&#160;2007<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom" align="center">
<TD nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>December&#160;31,<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>through<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom" align="center">
<TD nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    <B>2006</B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    <B>June&#160;3,&#160;2007</B>
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom" align="center">
<TD nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>US$</B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>US$</B>
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR style="line-height: 3pt; font-size: 1pt">
<TD>&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Cost of revenues
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    402
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    337
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    General and administrative expenses
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    23
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    9
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="font-size: 1pt">
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 20pt">
    <B>Total rental expenses</B>
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    <B>425</B>
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    <B>346</B>
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="font-size: 1pt">
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
</TABLE>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">

</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    As of December&#160;31, 2006 and June&#160;3, 2007, future
    minimum rental payments under non-cancellable operating leases
    having initial or remaining lease terms of more than one year
    are as follows:
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<TABLE border="0" width="100%" align="center" cellpadding="0" cellspacing="0" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
<!-- Table Width Row BEGIN -->
<TR style="font-size: 1pt" valign="bottom">
    <TD width="79%">&nbsp;</TD>	<!-- colindex=01 type=maindata -->
    <TD width="2%">&nbsp;</TD>	<!-- colindex=02 type=gutter -->
    <TD width="1%" align="right">&nbsp;</TD>	<!-- colindex=02 type=lead -->
    <TD width="9%" align="right">&nbsp;</TD>	<!-- colindex=02 type=body -->
    <TD width="1%" align="left">&nbsp;</TD>	<!-- colindex=02 type=hang1 -->
    <TD width="3%">&nbsp;</TD>	<!-- colindex=03 type=gutter -->
    <TD width="1%" align="right">&nbsp;</TD>	<!-- colindex=03 type=lead -->
    <TD width="3%" align="right">&nbsp;</TD>	<!-- colindex=03 type=body -->
    <TD width="1%" align="left">&nbsp;</TD>	<!-- colindex=03 type=hang1 -->
</TR>
<!-- Table Width Row END -->
<TR style="font-size: 8pt" valign="bottom" align="center">
<TD nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>December&#160;31,<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>June&#160;3,<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom" align="center">
<TD nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    <B>2006</B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    <B>2007</B>
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom" align="center">
<TD nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>US$</B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>US$</B>
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR style="line-height: 3pt; font-size: 1pt">
<TD>&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    2007
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    443
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    212
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    2008
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    50
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    50
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    2009
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    4
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    4
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="font-size: 1pt">
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    <B>497</B>
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    <B>266</B>
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="font-size: 1pt">
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
</TABLE>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">

</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

<TR>
    <TD width="5%"></TD>
    <TD width="95%"></TD>
</TR>

<TR valign="top">
    <TD>
    <B><FONT style="font-family: 'Times New Roman', Times">10.&#160;&#160;</FONT></B>
</TD>
    <TD>
    <B><FONT style="font-family: 'Times New Roman', Times">Subsequent
    event</FONT></B>
</TD>
</TR>

</TABLE>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    On June&#160;4, 2007, SearchMedia International Limited
    (&#147;SearchMedia&#148;), through its wholly-owned subsidiary,
    Jieli Investment Management Consulting (Shanghai) Co., Ltd.
    (&#147;Jieli Consulting&#148;), entered into a series of
    contractual agreements with the Company&#146;s owner, including
    exclusive business cooperation agreement, loan agreement,
    exclusive option agreement, share pledge arrangement and a power
    of attorney. The terms of these agreements resulted in Jieli
    Consulting bearing all the economic risks with respect to and
    receiving all the economic benefits from the Company and
    controlling the financing and operating affairs of the Company.
    In accordance with FASB Interpretation No.&#160;46(R),
    &#147;<I>Consolidation of Variable Interest Entities</I>&#148;,
    the Company has been consolidated by SearchMedia in its
    consolidated financial statements commencing from June&#160;4,
    2007, being the date Jieli Consulting first became the primary
    beneficiary when such contractual arrangements were agreed and
    signed by both parties.
</DIV>

<P align="center" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <BR>
    F-90
</DIV><!-- END PAGE WIDTH -->
<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>

<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->
<A name='701'>
<DIV style="margin-top: 18pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">Report of
    Independent Registered Public Accounting Firm</FONT></B>
</DIV>
</A>
<DIV style="margin-top: 18pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <FONT style="font-family: 'Times New Roman', Times">To the Owner
    of
    </FONT>
</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Shenzhen Dale Advertising Co., Ltd.:
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    We have audited the accompanying balance sheets of Shenzhen Dale
    Advertising Co., Ltd. (the &#147;Company&#148;) as of
    December&#160;31, 2006 and June&#160;3, 2007 and the related
    statements of income, owner&#146;s equity and comprehensive
    income and cash flows for the year ended December&#160;31, 2006
    and for the period from January&#160;1, 2007 through
    June&#160;3, 2007. These financial statements are the
    responsibility of the Company&#146;s management. Our
    responsibility is to express an opinion on these financial
    statements based on our audits.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    We conducted our audits in accordance with the standards of the
    Public Company Accounting Oversight Board (United States). Those
    standards require that we plan and perform the audit to obtain
    reasonable assurance about whether the financial statements are
    free of material misstatement. An audit includes examining, on a
    test basis, evidence supporting the amounts and disclosures in
    the financial statements. An audit also includes assessing the
    accounting principles used and significant estimates made by
    management, as well as evaluating the overall financial
    statement presentation. We believe that our audits provide a
    reasonable basis for our opinion.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    In our opinion, the financial statements referred to above
    present fairly, in all material respects, the financial position
    of Shenzhen Dale Advertising Co., Ltd. as of December&#160;31,
    2006 and June&#160;3, 2007, and the results of its operations
    and cash flows for the year ended December&#160;31, 2006 and for
    the period from January&#160;1, 2007 through June&#160;3, 2007,
    in conformity with U.S.&#160;generally accepted accounting
    principles.
</DIV>

<DIV style="margin-top: 24pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    /s/ KPMG
</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Hong Kong, China
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    March 31, 2009
</DIV>

<P align="center" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <BR>
    F-91
</DIV><!-- END PAGE WIDTH -->
<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>

<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->

<DIV align="center" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">Shenzhen
    Dale Advertising Co., Ltd.</FONT></B>
</DIV>
<A name='702'>
<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">Balance
    Sheets<BR>
    (Amounts in thousands)</FONT></B>
</DIV>
</A>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<TABLE border="0" width="100%" align="center" cellpadding="0" cellspacing="0" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
<!-- Table Width Row BEGIN -->
<TR style="font-size: 1pt" valign="bottom">
    <TD width="74%">&nbsp;</TD>	<!-- colindex=01 type=maindata -->
    <TD width="2%">&nbsp;</TD>	<!-- colindex=02 type=gutter -->
    <TD width="1%" align="right">&nbsp;</TD>	<!-- colindex=02 type=lead -->
    <TD width="1%" align="right">&nbsp;</TD>	<!-- colindex=02 type=body -->
    <TD width="1%" align="left">&nbsp;</TD>	<!-- colindex=02 type=hang1 -->
    <TD width="3%">&nbsp;</TD>	<!-- colindex=03 type=gutter -->
    <TD width="1%" align="right">&nbsp;</TD>	<!-- colindex=03 type=lead -->
    <TD width="8%" align="right">&nbsp;</TD>	<!-- colindex=03 type=body -->
    <TD width="1%" align="left">&nbsp;</TD>	<!-- colindex=03 type=hang1 -->
    <TD width="3%">&nbsp;</TD>	<!-- colindex=04 type=gutter -->
    <TD width="1%" align="right">&nbsp;</TD>	<!-- colindex=04 type=lead -->
    <TD width="3%" align="right">&nbsp;</TD>	<!-- colindex=04 type=body -->
    <TD width="1%" align="left">&nbsp;</TD>	<!-- colindex=04 type=hang1 -->
</TR>
<!-- Table Width Row END -->
<TR style="font-size: 8pt" valign="bottom" align="center">
<TD nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>December&#160;31,<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>June&#160;3,<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom" align="center">
<TD nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    <B>2006</B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    <B>2007</B>
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom" align="center">
<TD nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    <B>Note</B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    <B>US$</B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    <B>US$</B>
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR style="line-height: 3pt; font-size: 1pt">
<TD>&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD colspan="13" align="center" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    <B>Assets</B>
</DIV>
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    <I>Current assets:</I>
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Cash
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    187
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    147
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Accounts receivable, net of allowance for doubtful accounts
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    3
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    214
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    335
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Amounts due from related parties
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    7
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    77
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    221
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Prepaid expenses
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    92
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    84
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="font-size: 1pt">
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 20pt">
    <B>Total current assets</B>
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    <B>570</B>
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    <B>787</B>
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Equipment, net
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    4
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    12
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    43
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="font-size: 1pt">
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 20pt">
    <B>Total assets</B>
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    <B>582</B>
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    <B>830</B>
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="font-size: 1pt">
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="line-height: 9pt">
<TD colspan="13">
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD colspan="13" align="center" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    <B>Liabilities and owner&#146;s equity</B>
</DIV>
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    <I>Current liabilities:</I>
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Accounts payable
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    41
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    81
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Accrued expenses and other payables
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    5
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    138
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    181
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Deferred revenue
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    115
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    20
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Income taxes payable
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    36
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    74
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="font-size: 1pt">
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 20pt">
    <B>Total liabilities</B>
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    <B>330</B>
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    <B>356</B>
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="line-height: 9pt">
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    <I>Owner&#146;s equity:</I>
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Contributed capital
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    121
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    121
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Statutory surplus reserve
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    8
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    44
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    44
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Accumulated other comprehensive income
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    10
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    24
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Retained earnings
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    77
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    285
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="font-size: 1pt">
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 20pt">
    <B>Total owner&#146;s equity</B>
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    <B>252</B>
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    <B>474</B>
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="font-size: 1pt">
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="line-height: 9pt">
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Commitments and contingencies
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    9
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="line-height: 9pt">
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 20pt">
    <B>Total liabilities and owner&#146;s equity</B>
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    <B>582</B>
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    <B>830</B>
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="font-size: 1pt">
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
</TABLE>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">

</DIV>

<DIV style="margin-top: 3pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    See accompanying notes to financial statements.
</DIV>

<P align="center" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <BR>
    F-92
</DIV><!-- END PAGE WIDTH -->
<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>

<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->

<DIV align="center" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">Shenzhen
    Dale Advertising Co., Ltd.</FONT></B>
</DIV>
<A name='703'>
<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">Statements
    of Income<BR>
    (Amounts in thousands)</FONT></B>
</DIV>
</A>
<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<TABLE border="0" width="100%" align="center" cellpadding="0" cellspacing="0" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
<!-- Table Width Row BEGIN -->
<TR style="font-size: 1pt" valign="bottom">
    <TD width="58%">&nbsp;</TD>	<!-- colindex=01 type=maindata -->
    <TD width="2%">&nbsp;</TD>	<!-- colindex=02 type=gutter -->
    <TD width="1%" align="right">&nbsp;</TD>	<!-- colindex=02 type=lead -->
    <TD width="1%" align="right">&nbsp;</TD>	<!-- colindex=02 type=body -->
    <TD width="1%" align="left">&nbsp;</TD>	<!-- colindex=02 type=hang1 -->
    <TD width="3%">&nbsp;</TD>	<!-- colindex=03 type=gutter -->
    <TD width="1%" align="right">&nbsp;</TD>	<!-- colindex=03 type=lead -->
    <TD width="12%" align="right">&nbsp;</TD>	<!-- colindex=03 type=body -->
    <TD width="1%" align="left">&nbsp;</TD>	<!-- colindex=03 type=hang1 -->
    <TD width="3%">&nbsp;</TD>	<!-- colindex=04 type=gutter -->
    <TD width="1%" align="right">&nbsp;</TD>	<!-- colindex=04 type=lead -->
    <TD width="15%" align="right">&nbsp;</TD>	<!-- colindex=04 type=body -->
    <TD width="1%" align="left">&nbsp;</TD>	<!-- colindex=04 type=hang1 -->
</TR>
<!-- Table Width Row END -->
<TR style="font-size: 8pt" valign="bottom" align="center">
<TD nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>Period from January&#160;1,<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom" align="center">
<TD nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>Year Ended<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>2007 through<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom" align="center">
<TD nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    <B>December&#160;31,&#160;2006</B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    <B>June&#160;3,&#160;2007</B>
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom" align="center">
<TD nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    <B>Note</B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    <B>US$</B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    <B>US$</B>
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR style="line-height: 3pt; font-size: 1pt">
<TD>&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Advertising service revenues
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    1,104
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    745
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Cost of revenues
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    (387
</TD>
<TD nowrap align="left" valign="bottom">
    )
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    (214
</TD>
<TD nowrap align="left" valign="bottom">
    )
</TD>
</TR>
<TR valign="bottom" style="font-size: 1pt">
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    <B>Gross profit</B>
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    <B>717</B>
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    <B>531</B>
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="line-height: 9pt">
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Sales and marketing expenses
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    (176
</TD>
<TD nowrap align="left" valign="bottom">
    )
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    (105
</TD>
<TD nowrap align="left" valign="bottom">
    )
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    General and administrative expenses
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    (172
</TD>
<TD nowrap align="left" valign="bottom">
    )
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    (140
</TD>
<TD nowrap align="left" valign="bottom">
    )
</TD>
</TR>
<TR valign="bottom" style="font-size: 1pt">
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="line-height: 9pt">
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    <B>Income before income taxes</B>
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    <B>369</B>
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    <B>286</B>
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="line-height: 9pt">
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Income tax expense
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    6
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    (36
</TD>
<TD nowrap align="left" valign="bottom">
    )
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    (43
</TD>
<TD nowrap align="left" valign="bottom">
    )
</TD>
</TR>
<TR valign="bottom" style="font-size: 1pt">
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="line-height: 9pt">
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    <B>Net income</B>
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    <B>333</B>
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    <B>243</B>
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="font-size: 1pt">
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
</TABLE>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">

</DIV>

<DIV style="margin-top: 3pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    See accompanying notes to financial statements.
</DIV>

<P align="center" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <BR>
    F-93
</DIV><!-- END PAGE WIDTH -->
<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>

<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->

<DIV align="center" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">Shenzhen
    Dale Advertising Co., Ltd.</FONT></B>
</DIV>
<A name='704'>
<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">Statements
    of Owner&#146;s Equity and Comprehensive Income<BR>
    (Amounts in thousands)</FONT></B>
</DIV>
</A>
<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<TABLE border="0" width="100%" align="center" cellpadding="0" cellspacing="0" style="font-size: 9pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
<!-- Table Width Row BEGIN -->
<TR style="font-size: 1pt" valign="bottom">
    <TD width="32%">&nbsp;</TD>	<!-- colindex=01 type=maindata -->
    <TD width="1%">&nbsp;</TD>	<!-- colindex=02 type=gutter -->
    <TD width="1%" align="right">&nbsp;</TD>	<!-- colindex=02 type=lead -->
    <TD width="1%" align="right">&nbsp;</TD>	<!-- colindex=02 type=body -->
    <TD width="1%" align="left">&nbsp;</TD>	<!-- colindex=02 type=hang1 -->
    <TD width="3%">&nbsp;</TD>	<!-- colindex=03 type=gutter -->
    <TD width="1%" align="right">&nbsp;</TD>	<!-- colindex=03 type=lead -->
    <TD width="5%" align="right">&nbsp;</TD>	<!-- colindex=03 type=body -->
    <TD width="1%" align="left">&nbsp;</TD>	<!-- colindex=03 type=hang1 -->
    <TD width="3%">&nbsp;</TD>	<!-- colindex=04 type=gutter -->
    <TD width="1%" align="right">&nbsp;</TD>	<!-- colindex=04 type=lead -->
    <TD width="4%" align="right">&nbsp;</TD>	<!-- colindex=04 type=body -->
    <TD width="1%" align="left">&nbsp;</TD>	<!-- colindex=04 type=hang1 -->
    <TD width="3%">&nbsp;</TD>	<!-- colindex=05 type=gutter -->
    <TD width="1%" align="right">&nbsp;</TD>	<!-- colindex=05 type=lead -->
    <TD width="7%" align="right">&nbsp;</TD>	<!-- colindex=05 type=body -->
    <TD width="1%" align="left">&nbsp;</TD>	<!-- colindex=05 type=hang1 -->
    <TD width="3%">&nbsp;</TD>	<!-- colindex=06 type=gutter -->
    <TD width="1%" align="right">&nbsp;</TD>	<!-- colindex=06 type=lead -->
    <TD width="3%" align="right">&nbsp;</TD>	<!-- colindex=06 type=body -->
    <TD width="1%" align="left">&nbsp;</TD>	<!-- colindex=06 type=hang1 -->
    <TD width="3%">&nbsp;</TD>	<!-- colindex=07 type=gutter -->
    <TD width="1%" align="right">&nbsp;</TD>	<!-- colindex=07 type=lead -->
    <TD width="7%" align="right">&nbsp;</TD>	<!-- colindex=07 type=body -->
    <TD width="1%" align="left">&nbsp;</TD>	<!-- colindex=07 type=hang1 -->
    <TD width="3%">&nbsp;</TD>	<!-- colindex=08 type=gutter -->
    <TD width="1%" align="right">&nbsp;</TD>	<!-- colindex=08 type=lead -->
    <TD width="8%" align="right">&nbsp;</TD>	<!-- colindex=08 type=body -->
    <TD width="1%" align="left">&nbsp;</TD>	<!-- colindex=08 type=hang1 -->
</TR>
<!-- Table Width Row END -->
<TR style="font-size: 7pt" valign="bottom" align="center">
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>Accumulated<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR style="font-size: 7pt" valign="bottom" align="center">
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>Statutory<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>other<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR style="font-size: 7pt" valign="bottom" align="center">
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>Contributed<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>surplus<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>comprehensive<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>Retained<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>Total owner&#146;s<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>Comprehensive<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR style="font-size: 7pt" valign="bottom" align="center">
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    <B>capital</B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    <B>reserve</B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    <B>income</B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    <B>earnings</B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    <B>equity</B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    <B>income</B>
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR style="font-size: 7pt" valign="bottom" align="center">
<TD nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    <B>Note</B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    <B>US$</B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    <B>US$</B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    <B>US$</B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    <B>US$</B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    <B>US$</B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    <B>US$</B>
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR style="line-height: 3pt; font-size: 1pt">
<TD>&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD align="left" valign="bottom">
<DIV style="text-indent: -9pt; margin-left: 9pt">
    Balance as of January&#160;1, 2006
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    121
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    11
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    3
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    135
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -9pt; margin-left: 9pt">
    Net income
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    333
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    333
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    333
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD align="left" valign="bottom">
<DIV style="text-indent: -9pt; margin-left: 9pt">
    Foreign currency exchange translation adjustment
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    7
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    7
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    7
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="font-size: 1pt">
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -9pt; margin-left: 18pt">
    <B>Comprehensive income</B>
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    <B>340</B>
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="font-size: 1pt">
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD align="left" valign="bottom">
<DIV style="text-indent: -9pt; margin-left: 9pt">
    Appropriations to statutory surplus reserve
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    8
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    33
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    (33
</TD>
<TD nowrap align="left" valign="bottom">
    )
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -9pt; margin-left: 9pt">
    Distributions to owner
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    (223
</TD>
<TD nowrap align="left" valign="bottom">
    )
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    (223
</TD>
<TD nowrap align="left" valign="bottom">
    )
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="font-size: 1pt">
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD align="left" valign="bottom">
<DIV style="text-indent: -9pt; margin-left: 9pt">
    <B>Balance as of December&#160;31, 2006</B>
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    <B>121</B>
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    <B>44</B>
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    <B>10</B>
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    <B>77</B>
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    <B>252</B>
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="font-size: 1pt">
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="line-height: 9pt">
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -9pt; margin-left: 9pt">
    Net income
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    243
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    243
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    243
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD align="left" valign="bottom">
<DIV style="text-indent: -9pt; margin-left: 9pt">
    Foreign currency exchange translation adjustment
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    14
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    14
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    14
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="font-size: 1pt">
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -9pt; margin-left: 18pt">
    <B>Comprehensive income</B>
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    <B>257</B>
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="font-size: 1pt">
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD align="left" valign="bottom">
<DIV style="text-indent: -9pt; margin-left: 9pt">
    Distributions to owner
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    (35
</TD>
<TD nowrap align="left" valign="bottom">
    )
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    (35
</TD>
<TD nowrap align="left" valign="bottom">
    )
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="font-size: 1pt">
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -9pt; margin-left: 9pt">
    <B>Balance as of June&#160;3, 2007</B>
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    <B>121</B>
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    <B>&#160;44</B>
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    <B>&#160;24</B>
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    <B>285</B>
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    <B>474</B>
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="font-size: 1pt">
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
</TABLE>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">

</DIV>

<DIV style="margin-top: 3pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    See accompanying notes to financial statements.
</DIV>

<P align="center" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <BR>
    F-94
</DIV><!-- END PAGE WIDTH -->
<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>

<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->

<DIV align="center" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">Shenzhen
    Dale Advertising Co., Ltd.</FONT></B>
</DIV>
<A name='705'>
<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">Statements
    of Cash Flows<BR>
    (Amounts in thousands)</FONT></B>
</DIV>
</A>
<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<TABLE border="0" width="100%" align="center" cellpadding="0" cellspacing="0" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
<!-- Table Width Row BEGIN -->
<TR style="font-size: 1pt" valign="bottom">
    <TD width="64%">&nbsp;</TD>	<!-- colindex=01 type=maindata -->
    <TD width="2%">&nbsp;</TD>	<!-- colindex=02 type=gutter -->
    <TD width="1%" align="right">&nbsp;</TD>	<!-- colindex=02 type=lead -->
    <TD width="12%" align="right">&nbsp;</TD>	<!-- colindex=02 type=body -->
    <TD width="1%" align="left">&nbsp;</TD>	<!-- colindex=02 type=hang1 -->
    <TD width="3%">&nbsp;</TD>	<!-- colindex=03 type=gutter -->
    <TD width="1%" align="right">&nbsp;</TD>	<!-- colindex=03 type=lead -->
    <TD width="15%" align="right">&nbsp;</TD>	<!-- colindex=03 type=body -->
    <TD width="1%" align="left">&nbsp;</TD>	<!-- colindex=03 type=hang1 -->
</TR>
<!-- Table Width Row END -->
<TR style="font-size: 8pt" valign="bottom" align="center">
<TD nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>Period from January&#160;1,<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom" align="center">
<TD nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>Year Ended<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>2007 through<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom" align="center">
<TD nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    <B>December&#160;31,&#160;2006</B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    <B>June&#160;3,&#160;2007</B>
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom" align="center">
<TD nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    <B>US$</B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    <B>US$</B>
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR style="line-height: 3pt; font-size: 1pt">
<TD>&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    <B>Net income</B>
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    <B>333</B>
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    <B>243</B>
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    <I>Adjustments to reconcile net income to net cash provided by
    operating activities:</I>
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Depreciation
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    2
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    2
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    <I>Changes in operating assets and liabilities:</I>
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Accounts receivable
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    24
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    (109
</TD>
<TD nowrap align="left" valign="bottom">
    )
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Amounts due from related parties
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    (43
</TD>
<TD nowrap align="left" valign="bottom">
    )
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Prepaid expenses
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    (89
</TD>
<TD nowrap align="left" valign="bottom">
    )
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    12
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Accounts payable
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    5
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    39
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Accrued expenses and other payables
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    63
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    39
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Deferred revenue
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    63
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    (97
</TD>
<TD nowrap align="left" valign="bottom">
    )
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Income taxes payable
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    36
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    37
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="font-size: 1pt">
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    <B>Net cash provided by operating activities</B>
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    <B>394</B>
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    <B>166</B>
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="line-height: 9pt">
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    <B>Cash flows from investing activities</B>
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Purchase of equipment
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    (7
</TD>
<TD nowrap align="left" valign="bottom">
    )
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    (33
</TD>
<TD nowrap align="left" valign="bottom">
    )
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Amounts due from related parties
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    (142
</TD>
<TD nowrap align="left" valign="bottom">
    )
</TD>
</TR>
<TR valign="bottom" style="font-size: 1pt">
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    <B>Net cash used in investing activities</B>
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    <B>(7</B>
</TD>
<TD nowrap align="left" valign="bottom">
    <B>)</B>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    <B>(175</B>
</TD>
<TD nowrap align="left" valign="bottom">
    <B>)</B>
</TD>
</TR>
<TR valign="bottom" style="line-height: 9pt">
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    <B>Cash flows from financing activities</B>
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Distributions to owner
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    (287
</TD>
<TD nowrap align="left" valign="bottom">
    )
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    (35
</TD>
<TD nowrap align="left" valign="bottom">
    )
</TD>
</TR>
<TR valign="bottom" style="font-size: 1pt">
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    <B>Net cash used in financing activities</B>
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    <B>(287</B>
</TD>
<TD nowrap align="left" valign="bottom">
    <B>)</B>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    <B>(35</B>
</TD>
<TD nowrap align="left" valign="bottom">
    <B>)</B>
</TD>
</TR>
<TR valign="bottom" style="line-height: 9pt">
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    <B>Effect of foreign currency exchange rate changes on cash</B>
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    <B>5</B>
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    <B>4</B>
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="font-size: 1pt">
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="line-height: 9pt">
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    <B>Net increase (decrease) in cash</B>
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    <B>105</B>
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    <B>(40</B>
</TD>
<TD nowrap align="left" valign="bottom">
    <B>)</B>
</TD>
</TR>
<TR valign="bottom" style="line-height: 9pt">
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Cash at beginning of year / period
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    82
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    187
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="font-size: 1pt">
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="line-height: 9pt">
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    <B>Cash at end of year/ period</B>
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    <B>187</B>
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    <B>147</B>
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="font-size: 1pt">
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="line-height: 9pt">
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    <B>Supplemental cash flow information:</B>
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Income tax paid
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    5
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
</TABLE>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">

</DIV>

<DIV style="margin-top: 3pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    See accompanying notes to financial statements.
</DIV>

<P align="center" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <BR>
    F-95
</DIV><!-- END PAGE WIDTH -->
<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>

<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->

<DIV align="center" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">Shenzhen
    Dale Advertising Co., Ltd.<BR>
    </FONT></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <A name='706'><B><FONT style="font-family: 'Times New Roman', Times">Notes
    to Financial Statements</FONT></B></A>
</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    </A><B>(Amounts in thousands)</B>
</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

<TR>
    <TD width="3%"></TD>
    <TD width="97%"></TD>
</TR>

<TR valign="top">
    <TD>
    <B><FONT style="font-family: 'Times New Roman', Times">1.&#160;&#160;</FONT></B>
</TD>
    <TD>
    <B><FONT style="font-family: 'Times New Roman', Times">Organization,
    principal activities and basis of presentation</FONT></B>
</TD>
</TR>

</TABLE>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

<TR>
    <TD width="4%"></TD>
    <TD width="96%"></TD>
</TR>

<TR valign="top">
    <TD>
    <B><I><FONT style="font-family: 'Times New Roman', Times">(a)&#160;&#160;</FONT></I></B>
</TD>
    <TD>
    <B><I><FONT style="font-family: 'Times New Roman', Times">Organization
    and principal activities</FONT></I></B>
</TD>
</TR>

</TABLE>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Shenzhen Dale Advertising Co., Ltd. (the &#147;Company&#148;)
    was incorporated on April&#160;28, 2005 as a limited liability
    company in the People&#146;s Republic of China (&#147;PRC&#148;)
    and is principally engaged in the provision of advertising
    services whereby it displays customer advertisements on poster
    frames placed inside elevators of residential and commercial
    buildings in Shenzhen city of the PRC.
</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

<TR>
    <TD width="4%"></TD>
    <TD width="96%"></TD>
</TR>

<TR valign="top">
    <TD>
    <B><I><FONT style="font-family: 'Times New Roman', Times">(b)&#160;&#160;</FONT></I></B>
</TD>
    <TD>
    <B><I><FONT style="font-family: 'Times New Roman', Times">Basis
    of presentation</FONT></I></B>
</TD>
</TR>

</TABLE>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    The accompanying financial statements of the Company have been
    prepared in accordance with accounting principles generally
    accepted in the United States of America
    (&#147;U.S.&#160;GAAP&#148;). This basis of accounting differs
    in certain material respects from that used for the preparation
    of the statutory books of the Company, which are prepared in
    accordance with the accounting principles and the relevant
    financial regulations established by the Ministry of Finance of
    the PRC, the accounting standards used in the PRC. The
    accompanying financial statements reflect necessary adjustments
    not recorded in the books of account of the Company to present
    them in conformity with U.S.&#160;GAAP.
</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

<TR>
    <TD width="3%"></TD>
    <TD width="97%"></TD>
</TR>

<TR valign="top">
    <TD>
    <B><FONT style="font-family: 'Times New Roman', Times">2.&#160;&#160;</FONT></B>
</TD>
    <TD>
    <B><FONT style="font-family: 'Times New Roman', Times">Summary
    of significant accounting policies</FONT></B>
</TD>
</TR>

</TABLE>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

<TR>
    <TD width="4%"></TD>
    <TD width="96%"></TD>
</TR>

<TR valign="top">
    <TD>
    <B><I><FONT style="font-family: 'Times New Roman', Times">(a)&#160;&#160;</FONT></I></B>
</TD>
    <TD>
    <B><I><FONT style="font-family: 'Times New Roman', Times">Use of
    estimates</FONT></I></B>
</TD>
</TR>

</TABLE>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    The preparation of financial statements in conformity with
    U.S.&#160;GAAP requires management of the Company to make
    estimates and assumptions relating to the reported amounts of
    assets and liabilities and the disclosure of contingent assets
    and liabilities at the date of the financial statements and the
    reported amounts of revenue and expenses during the reporting
    period. Significant items subject to such estimates and
    assumptions include allowance for doubtful receivables and the
    assessment of contingent obligations. These estimates are often
    based on complex judgments and assumptions that management
    believes to be reasonable but are inherently uncertain and
    unpredictable. Actual results could differ from these estimates.
</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

<TR>
    <TD width="4%"></TD>
    <TD width="96%"></TD>
</TR>

<TR valign="top">
    <TD>
    <B><I><FONT style="font-family: 'Times New Roman', Times">(b)&#160;&#160;</FONT></I></B>
</TD>
    <TD>
    <B><I><FONT style="font-family: 'Times New Roman', Times">Foreign
    currency transactions and translation</FONT></I></B>
</TD>
</TR>

</TABLE>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    The Company has selected the United States dollars
    (&#147;US$&#148;) as its reporting currency. The functional
    currency of the Company is the Renminbi (&#147;RMB&#148;) as the
    PRC is the primary economic environment in which the Company
    operates. Since the RMB is not a fully convertible currency, all
    foreign exchange transactions involving RMB must take place
    either through the People&#146;s Bank of China (the
    &#147;PBOC&#148;) or other institutions authorized to buy and
    sell foreign exchange. The exchange rates adopted for the
    foreign exchange transactions are the rates of exchange quoted
    by the PBOC.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    The assets and liabilities of the Company are translated from
    RMB, the functional currency, into the US$ reporting currency
    using the exchange rate at the balance sheet date. Revenue and
    expenses of the Company are translated into US$ at the average
    rate prevailing during the reporting period. Gains and losses
    resulting from translation of the Company&#146;s RMB functional
    currency financial statements into the US$ reporting currency
    are recorded as a separate component of accumulated other
    comprehensive income within owner&#146;s equity.
</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

<TR>
    <TD width="4%"></TD>
    <TD width="96%"></TD>
</TR>

<TR valign="top">
    <TD>
    <B><I><FONT style="font-family: 'Times New Roman', Times">(c)&#160;&#160;</FONT></I></B>
</TD>
    <TD>
    <B><I><FONT style="font-family: 'Times New Roman', Times">Accounts
    receivable</FONT></I></B>
</TD>
</TR>

</TABLE>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Accounts receivable consist of amounts billed and unbilled
    receivables. Unbilled receivables relate to revenues earned and
    recognized, but which have not been billed by the Company in
    accordance with the payment terms of the advertising service
    contract. The payment terms of the Company&#146;s service
    contracts with
</DIV>

<P align="center" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <BR>
    F-96
</DIV><!-- END PAGE WIDTH -->
<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>

<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->

<DIV style="margin-top: 18pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">Shenzhen
    Dale Advertising Co., Ltd.<BR>
    </FONT></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">Notes to
    Financial Statements&#160;&#151;&#160;(Continued)<BR>
    </FONT></B>
</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">(Amounts
    in thousands)</FONT></B>
</DIV>
<DIV style="margin-top: 18pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    its customers vary and typically require an initial payment to
    be paid or billed at the commencement of the service period,
    progress payments to be billed during the service period, and a
    final payment to be billed after the completion of the service
    period. None of the Company&#146;s accounts receivable bear
    interest. The allowance for doubtful accounts is
    management&#146;s best estimate of the amount of probable credit
    losses in the Company&#146;s existing accounts receivable.
    Management determines the allowance based on historical
    write-off experience and review of customer specific facts and
    economic conditions. Account balances are charged off against
    the allowance after all means of collection have been exhausted
    and the potential for recovery is considered remote. The Company
    does not have any off-balance-sheet credit exposure related to
    its customers.
</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

<TR>
    <TD width="4%"></TD>
    <TD width="96%"></TD>
</TR>

<TR valign="top">
    <TD>
    <B><I><FONT style="font-family: 'Times New Roman', Times">(d)&#160;&#160;</FONT></I></B>
</TD>
    <TD>
    <B><I><FONT style="font-family: 'Times New Roman', Times">Long-lived
    assets</FONT></I></B>
</TD>
</TR>

</TABLE>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 2%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <I><FONT style="font-family: 'Times New Roman', Times">Equipment</FONT></I>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Equipment is stated at cost less accumulated depreciation.
    Depreciation is calculated on the straight-line method (after
    taking into account respective estimated residual values) over
    the equipment estimated useful life of 5&#160;years. When items
    of equipment are retired or otherwise disposed of, income is
    charged or credited for the difference between the net book
    value and proceeds received thereon. Ordinary maintenance and
    repairs are charged to expense as incurred, and replacements and
    settlements are capitalized.
</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 2%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <I><FONT style="font-family: 'Times New Roman', Times">Impairment
    of long-lived assets</FONT></I>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Long-lived assets, such as office equipment and motor vehicles,
    are reviewed for impairment whenever events or changes in
    circumstances indicate that the carrying amount of an asset may
    not be recoverable. If circumstances require a long-lived asset
    or asset group be tested for possible impairment, the Company
    first compares undiscounted cash flows expected to be generated
    by that asset or asset group to its carrying value. If the
    carrying value of the long-lived asset or asset group is not
    recoverable on an undiscounted cash flow basis, impairment is
    recognized to the extent that the carrying value exceeds its
    fair value. Fair value is determined through various techniques
    including discounted cash flow model, quoted market values and
    third-party independent appraisals, as considered necessary. No
    impairment of long-lived assets was recognized for the year
    ended December&#160;31, 2006 and for the period from
    January&#160;1, 2007 through June&#160;3, 2007.
</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

<TR>
    <TD width="4%"></TD>
    <TD width="96%"></TD>
</TR>

<TR valign="top">
    <TD>
    <B><I><FONT style="font-family: 'Times New Roman', Times">(e)&#160;&#160;</FONT></I></B>
</TD>
    <TD>
    <B><I><FONT style="font-family: 'Times New Roman', Times">Income
    taxes</FONT></I></B>
</TD>
</TR>

</TABLE>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Income taxes are accounted for under the asset and liability
    method. Deferred tax assets and liabilities are recognized for
    the future tax consequences attributable to differences between
    the financial statement carrying amounts of existing assets and
    liabilities and their respective tax bases and operating loss
    and tax credit carryforwards. Deferred tax assets and
    liabilities are measured using enacted tax rates expected to
    apply to taxable income in the years in which those temporary
    differences are expected to be recovered or settled. A valuation
    allowance is provided to reduce the amount of deferred tax
    assets if it is considered more likely than not that some
    portion or all of the deferred tax assets will not be realized.
    The effect on deferred tax assets and liabilities of a change in
    tax rates or laws is recognized in the statement of income in
    the period that includes the enactment date.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    On January&#160;1, 2007, the Company adopted Financial
    Accounting Standards Board (&#147;FASB&#148;) Interpretation
    No.&#160;48, &#147;<I>Accounting for Uncertainty in Income
    Taxes, and interpretation of Statement of Financial Accounting
    Standards No.&#160;109&#148; </I>(&#147;FIN&#160;48&#148;).
    FIN&#160;48 clarifies the accounting for uncertainty in tax
    positions. This interpretation requires that an entity
    recognizes in the financial statements the impact of a tax
    position, if that position is more likely than not of being
    sustained upon examination, based on the technical merits of
    position. Recognized income tax positions are measured at the
    largest amount that is greater than 50% likely of being
    realized. Changes in recognition or measurement are reflected in
    the period in which the change in judgment occurs. The adoption
    of FIN&#160;48 on January&#160;1, 2007 did not have any effect
    on the
</DIV>

<P align="center" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <BR>
    F-97
</DIV><!-- END PAGE WIDTH -->
<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>

<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->

<DIV style="margin-top: 18pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">Shenzhen
    Dale Advertising Co., Ltd.<BR>
    </FONT></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">Notes to
    Financial Statements&#160;&#151;&#160;(Continued)<BR>
    </FONT></B>
</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">(Amounts
    in thousands)</FONT></B>
</DIV>
<DIV style="margin-top: 18pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Company&#146;s financial statements. The Company&#146;s
    accounting policy is to accrue interest and penalties related to
    uncertain tax positions, if and when required, as interest
    expense and a component of general and administrative expenses,
    respectively, in the statement of income.
</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

<TR>
    <TD width="4%"></TD>
    <TD width="96%"></TD>
</TR>

<TR valign="top">
    <TD>
    <B><I><FONT style="font-family: 'Times New Roman', Times">(f)&#160;&#160;</FONT></I></B>
</TD>
    <TD>
    <B><I><FONT style="font-family: 'Times New Roman', Times">Revenue
    recognition</FONT></I></B>
</TD>
</TR>

</TABLE>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    The Company recognizes advertising service revenue on a
    straight-line basis over the period in which the customer
    advertisement is required to be displayed, which typically
    ranges from 1&#160;to 6 months, starting from the date the
    Company first displays the advertisement. Written contracts are
    entered into between the Company and its customers to specify
    the price, the period and the location at which the
    advertisement is to be displayed. Revenue is only recognized if
    the collectibility of the advertising service fee is probable.
    Customer payments received in excess of the amount of revenue
    recognised are recorded as deferred revenue in the balance sheet.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    The Company also enters into barter transactions, which
    represents the exchange of the Company&#146;s advertising
    services for goods or non-advertising services provided by third
    parties. Revenues and expenses are recognized from an
    advertising barter transaction only if the fair value of the
    advertising surrendered in the transaction is determinable based
    on the Company&#146;s own historical practice of receiving cash
    or other consideration that is readily convertible to a known
    amount of cash for similar advertising from buyers unrelated to
    the counterparty in the barter transaction. A period not to
    exceed six months prior to the date of the barter transaction is
    used to determine whether a historical experience exists of
    receiving cash for similar advertising. If the fair value of the
    advertising surrendered in the barter transaction is not
    determinable, the barter transaction is recorded based on the
    carrying amount of the advertising surrendered, which is
    generally nil. For the year ended December&#160;31, 2006 and for
    the period from January&#160;1, 2007 through June&#160;3, 2007,
    revenue from barter transactions amounted to US$68 and US$131,
    respectively.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Revenues for the year ended December&#160;31, 2006 and for the
    period from January&#160;1, 2007 through June&#160;3, 2007 are
    presented net of the related business tax and surcharges of
    US$108 and US$78, respectively.
</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

<TR>
    <TD width="4%"></TD>
    <TD width="96%"></TD>
</TR>

<TR valign="top">
    <TD>
    <B><I><FONT style="font-family: 'Times New Roman', Times">(g)&#160;&#160;</FONT></I></B>
</TD>
    <TD>
    <B><I><FONT style="font-family: 'Times New Roman', Times">Cost
    of revenues</FONT></I></B>
</TD>
</TR>

</TABLE>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Cost of revenues consists primarily of operating lease costs of
    advertising space for displaying advertisements, and direct
    staff and material costs associated with production and
    installation of advertising content.
</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

<TR>
    <TD width="4%"></TD>
    <TD width="96%"></TD>
</TR>

<TR valign="top">
    <TD>
    <B><I><FONT style="font-family: 'Times New Roman', Times">(h)&#160;&#160;</FONT></I></B>
</TD>
    <TD>
    <B><I><FONT style="font-family: 'Times New Roman', Times">Operating
    leases</FONT></I></B>
</TD>
</TR>

</TABLE>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    The Company leases advertising space and office premises under
    non-cancellable operating leases. Minimum lease payments are
    expensed on a straight-line basis over the lease term. Under the
    terms of the lease agreements, the Company has no legal or
    contractual asset retirement obligations at the end of the lease.
</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

<TR>
    <TD width="4%"></TD>
    <TD width="96%"></TD>
</TR>

<TR valign="top">
    <TD>
    <B><I><FONT style="font-family: 'Times New Roman', Times">(i)&#160;&#160;</FONT></I></B>
</TD>
    <TD>
    <B><I><FONT style="font-family: 'Times New Roman', Times">Retirement
    and other post retirement benefits</FONT></I></B>
</TD>
</TR>

</TABLE>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Pursuant to relevant PRC regulations, the Company is required to
    make contributions to various defined contribution retirement
    plans organized by the PRC government. The contributions are
    made for each qualifying PRC employee at a rate of 20% on a
    standard salary base as determined by the PRC governmental
    authority. Contributions to the defined contribution plans are
    charged to the statement of income as the related employee
    service is provided. For the year ended December&#160;31, 2006
    and for the period from January&#160;1, 2007 through
    June&#160;3, 2007, contributions to the defined contribution
    plans were US$27 and US$11, respectively.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    The Company has no other obligation for the payment of employee
    benefits associated with retirement plans beyond the
    contributions described above.
</DIV>

<P align="center" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <BR>
    F-98
</DIV><!-- END PAGE WIDTH -->
<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>

<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->

<DIV style="margin-top: 18pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">Shenzhen
    Dale Advertising Co., Ltd.<BR>
    </FONT></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">Notes to
    Financial Statements&#160;&#151;&#160;(Continued)<BR>
    </FONT></B>
</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">(Amounts
    in thousands)</FONT></B>
</DIV>
<DIV style="margin-top: 18pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

<TR>
    <TD width="4%"></TD>
    <TD width="96%"></TD>
</TR>

<TR valign="top">
    <TD>
    <B><I><FONT style="font-family: 'Times New Roman', Times">(j)&#160;&#160;</FONT></I></B>
</TD>
    <TD>
    <B><I><FONT style="font-family: 'Times New Roman', Times">Commitments
    and contingencies</FONT></I></B>
</TD>
</TR>

</TABLE>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    In the normal course of business, the Company is subject to loss
    contingencies, such as legal proceedings and claims arising out
    of its business, that cover a wide range of matters, including,
    among others, government investigations, customer lawsuit and
    tax matters. The Company records accruals for such loss
    contingencies when it is probable that a liability has been
    incurred and the amount of loss can be reasonably estimated.
</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

<TR>
    <TD width="3%"></TD>
    <TD width="97%"></TD>
</TR>

<TR valign="top">
    <TD>
    <B><FONT style="font-family: 'Times New Roman', Times">3.&#160;&#160;</FONT></B>
</TD>
    <TD>
    <B><FONT style="font-family: 'Times New Roman', Times">Accounts
    receivable, net</FONT></B>
</TD>
</TR>

</TABLE>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Accounts receivable consists of the following:
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<TABLE border="0" width="100%" align="center" cellpadding="0" cellspacing="0" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
<!-- Table Width Row BEGIN -->
<TR style="font-size: 1pt" valign="bottom">
    <TD width="79%">&nbsp;</TD>	<!-- colindex=01 type=maindata -->
    <TD width="2%">&nbsp;</TD>	<!-- colindex=02 type=gutter -->
    <TD width="1%" align="right">&nbsp;</TD>	<!-- colindex=02 type=lead -->
    <TD width="9%" align="right">&nbsp;</TD>	<!-- colindex=02 type=body -->
    <TD width="1%" align="left">&nbsp;</TD>	<!-- colindex=02 type=hang1 -->
    <TD width="3%">&nbsp;</TD>	<!-- colindex=03 type=gutter -->
    <TD width="1%" align="right">&nbsp;</TD>	<!-- colindex=03 type=lead -->
    <TD width="3%" align="right">&nbsp;</TD>	<!-- colindex=03 type=body -->
    <TD width="1%" align="left">&nbsp;</TD>	<!-- colindex=03 type=hang1 -->
</TR>
<!-- Table Width Row END -->
<TR style="font-size: 8pt" valign="bottom" align="center">
<TD nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>December&#160;31,<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>June&#160;3,<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom" align="center">
<TD nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    <B>2006</B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    <B>2007</B>
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom" align="center">
<TD nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>US$</B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>US$</B>
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR style="line-height: 3pt; font-size: 1pt">
<TD>&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Accounts receivable
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    217
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    338
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Less: allowance for doubtful accounts
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    (3
</TD>
<TD nowrap align="left" valign="bottom">
    )
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    (3
</TD>
<TD nowrap align="left" valign="bottom">
    )
</TD>
</TR>
<TR valign="bottom" style="font-size: 1pt">
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 20pt">
    <B>Accounts receivable, net</B>
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    <B>214</B>
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    <B>335</B>
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="font-size: 1pt">
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
</TABLE>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">

</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    As of December&#160;31, 2006 and June&#160;3, 2007, the
    Company&#146;s accounts receivable includes amounts earned and
    recognized as revenues but not yet billed (unbilled receivables)
    of US$7 and US$22, respectively. Management expects all unbilled
    receivables to be billed and collected within twelve months of
    the balance sheet date.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    The following table presents the movement of the allowance for
    doubtful accounts:
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<TABLE border="0" width="100%" align="center" cellpadding="0" cellspacing="0" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
<!-- Table Width Row BEGIN -->
<TR style="font-size: 1pt" valign="bottom">
    <TD width="71%">&nbsp;</TD>	<!-- colindex=01 type=maindata -->
    <TD width="2%">&nbsp;</TD>	<!-- colindex=02 type=gutter -->
    <TD width="1%" align="right">&nbsp;</TD>	<!-- colindex=02 type=lead -->
    <TD width="9%" align="right">&nbsp;</TD>	<!-- colindex=02 type=body -->
    <TD width="1%" align="left">&nbsp;</TD>	<!-- colindex=02 type=hang1 -->
    <TD width="3%">&nbsp;</TD>	<!-- colindex=03 type=gutter -->
    <TD width="1%" align="right">&nbsp;</TD>	<!-- colindex=03 type=lead -->
    <TD width="11%" align="right">&nbsp;</TD>	<!-- colindex=03 type=body -->
    <TD width="1%" align="left">&nbsp;</TD>	<!-- colindex=03 type=hang1 -->
</TR>
<!-- Table Width Row END -->
<TR style="font-size: 8pt" valign="bottom" align="center">
<TD nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>Period from<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom" align="center">
<TD nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>Year Ended<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>January&#160;1,&#160;2007<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom" align="center">
<TD nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>December&#160;31,<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>through<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom" align="center">
<TD nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    <B>2006</B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    <B>June&#160;3,&#160;2007</B>
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom" align="center">
<TD nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>US$</B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>US$</B>
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR style="line-height: 3pt; font-size: 1pt">
<TD>&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Beginning allowance for doubtful accounts
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    3
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Additions charged to bad debt expense
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    3
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="font-size: 1pt">
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 20pt">
    <B>Ending allowance for doubtful accounts</B>
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    <B>3</B>
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    <B>3</B>
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="font-size: 1pt">
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
</TABLE>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">

</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

<TR>
    <TD width="3%"></TD>
    <TD width="97%"></TD>
</TR>

<TR valign="top">
    <TD>
    <B><FONT style="font-family: 'Times New Roman', Times">4.&#160;&#160;</FONT></B>
</TD>
    <TD>
    <B><FONT style="font-family: 'Times New Roman', Times">Equipment,
    net</FONT></B>
</TD>
</TR>

</TABLE>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 2%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><I><FONT style="font-family: 'Times New Roman', Times">Equipment,
    net consists of the following:</FONT></I></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<TABLE border="0" width="100%" align="center" cellpadding="0" cellspacing="0" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
<!-- Table Width Row BEGIN -->
<TR style="font-size: 1pt" valign="bottom">
    <TD width="79%">&nbsp;</TD>	<!-- colindex=01 type=maindata -->
    <TD width="2%">&nbsp;</TD>	<!-- colindex=02 type=gutter -->
    <TD width="1%" align="right">&nbsp;</TD>	<!-- colindex=02 type=lead -->
    <TD width="9%" align="right">&nbsp;</TD>	<!-- colindex=02 type=body -->
    <TD width="1%" align="left">&nbsp;</TD>	<!-- colindex=02 type=hang1 -->
    <TD width="3%">&nbsp;</TD>	<!-- colindex=03 type=gutter -->
    <TD width="1%" align="right">&nbsp;</TD>	<!-- colindex=03 type=lead -->
    <TD width="3%" align="right">&nbsp;</TD>	<!-- colindex=03 type=body -->
    <TD width="1%" align="left">&nbsp;</TD>	<!-- colindex=03 type=hang1 -->
</TR>
<!-- Table Width Row END -->
<TR style="font-size: 8pt" valign="bottom" align="center">
<TD nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>December&#160;31,<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>June&#160;3,<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom" align="center">
<TD nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    <B>2006</B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    <B>2007</B>
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom" align="center">
<TD nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>US$</B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>US$</B>
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR style="line-height: 3pt; font-size: 1pt">
<TD>&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Office equipment
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    14
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    14
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Motor vehicle
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    33
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="font-size: 1pt">
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 20pt">
    <B>Total cost</B>
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    <B>14</B>
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    <B>47</B>
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Less: accumulated depreciation
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    (2
</TD>
<TD nowrap align="left" valign="bottom">
    )
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    (4
</TD>
<TD nowrap align="left" valign="bottom">
    )
</TD>
</TR>
<TR valign="bottom" style="font-size: 1pt">
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 30pt">
    <B>Net</B>
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    <B>12</B>
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    <B>43</B>
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="font-size: 1pt">
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
</TABLE>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">

</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    For the period from January&#160;1, 2007 through June&#160;3,
    2007, the Company purchased a motor vehicle from its owner for
    cash of US$33, which approximates the carrying value of the
    motor vehicle.
</DIV>

<P align="center" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <BR>
    F-99
</DIV><!-- END PAGE WIDTH -->
<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>

<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->

<DIV style="margin-top: 18pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">Shenzhen
    Dale Advertising Co., Ltd.<BR>
    </FONT></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">Notes to
    Financial Statements&#160;&#151;&#160;(Continued)<BR>
    </FONT></B>
</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">(Amounts
    in thousands)</FONT></B>
</DIV>
<DIV style="margin-top: 18pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Depreciation expenses for the year ended December&#160;31, 2006
    and for the period from January&#160;1, 2007 through
    June&#160;3, 2007 amounted to US$2 and US$2 respectively which
    was included in general and administrative expenses.
</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

<TR>
    <TD width="3%"></TD>
    <TD width="97%"></TD>
</TR>

<TR valign="top">
    <TD>
    <B><FONT style="font-family: 'Times New Roman', Times">5.&#160;&#160;</FONT></B>
</TD>
    <TD>
    <B><FONT style="font-family: 'Times New Roman', Times">Accrued
    expenses and other payables</FONT></B>
</TD>
</TR>

</TABLE>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Accrued expenses and other payables consist of the following:
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<TABLE border="0" width="100%" align="center" cellpadding="0" cellspacing="0" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
<!-- Table Width Row BEGIN -->
<TR style="font-size: 1pt" valign="bottom">
    <TD width="79%">&nbsp;</TD>	<!-- colindex=01 type=maindata -->
    <TD width="2%">&nbsp;</TD>	<!-- colindex=02 type=gutter -->
    <TD width="1%" align="right">&nbsp;</TD>	<!-- colindex=02 type=lead -->
    <TD width="9%" align="right">&nbsp;</TD>	<!-- colindex=02 type=body -->
    <TD width="1%" align="left">&nbsp;</TD>	<!-- colindex=02 type=hang1 -->
    <TD width="3%">&nbsp;</TD>	<!-- colindex=03 type=gutter -->
    <TD width="1%" align="right">&nbsp;</TD>	<!-- colindex=03 type=lead -->
    <TD width="3%" align="right">&nbsp;</TD>	<!-- colindex=03 type=body -->
    <TD width="1%" align="left">&nbsp;</TD>	<!-- colindex=03 type=hang1 -->
</TR>
<!-- Table Width Row END -->
<TR style="font-size: 8pt" valign="bottom" align="center">
<TD nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>December&#160;31,<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>June&#160;3,<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom" align="center">
<TD nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    <B>2006</B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    <B>2007</B>
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom" align="center">
<TD nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>US$</B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>US$</B>
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR style="line-height: 3pt; font-size: 1pt">
<TD>&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Accrued payroll and staff benefits
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    50
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    46
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Business tax and surcharges payable
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    87
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    133
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Other payables
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    1
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    2
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="font-size: 1pt">
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 30pt">
    <B>Total accrued expenses and other payables</B>
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    <B>138</B>
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    <B>181</B>
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="font-size: 1pt">
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
</TABLE>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">

</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

<TR>
    <TD width="3%"></TD>
    <TD width="97%"></TD>
</TR>

<TR valign="top">
    <TD>
    <B><FONT style="font-family: 'Times New Roman', Times">6.&#160;&#160;</FONT></B>
</TD>
    <TD>
    <B><FONT style="font-family: 'Times New Roman', Times">Income
    taxes</FONT></B>
</TD>
</TR>

</TABLE>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    The Company is registered in Shenzhen Special Economic Zone of
    the PRC and therefore was subject to a preferential tax rate of
    15% on its assessable profits for the tax years ended
    December&#160;31, 2006 and 2007. In accordance with the relevant
    income tax laws and regulations in the PRC, the Company was
    granted a tax holiday in the first year of incorporation
    (2005)&#160;and a 50% reduction on its tax rate in the following
    tax year. Accordingly, the Company was taxed at a rate of 7.5%
    in 2006. The income tax expense for the year ended
    December&#160;31, 2006 and for the period from January&#160;1,
    2007 through June&#160;3, 2007 consists solely of current income
    tax expense in the PRC. As of January&#160;1, 2006,
    December&#160;31, 2006 and June&#160;3, 2007, the Company had no
    temporary differences, tax loss and tax credit carryforwards.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    On March&#160;16, 2007, the Fifth Plenary Session of the Tenth
    National People&#146;s Congress passed the Corporate Income Tax
    Law of the PRC (&#147;new tax law&#148;) which became effective
    on January&#160;1, 2008. According to the new tax law, the
    enterprise income tax rate for entities other than certain
    high-tech enterprises or small-scale enterprises that earn
    &#147;small profit&#148;, as defined in the new tax law, is 25%.
    In addition, from January&#160;1, 2008, certain enterprises that
    were previously taxed at preferential rates are subject to a
    five-year transition period during which the income tax rate
    will gradually be increased to the unified rate of 25% (the
    &#147;transition rates&#148;). Accordingly, the income tax
    transition rates applicable to the assessable profits of the
    Company, which previously was subject to a preferential tax rate
    of 15%, are 18%, 20%, 22%, 24%, and 25%, for the years ending
    December&#160;31, 2008, 2009, 2010, 2011 and 2012 onwards,
    respectively.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    All income before income taxes is from PRC sources. The actual
    income tax expense reported in the statements of income differs
    from the expected income tax expense computed by applying the
    PRC statutory tax rate of 33% to income before income taxes as a
    result of the following:
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<TABLE border="0" width="100%" align="center" cellpadding="0" cellspacing="0" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
<!-- Table Width Row BEGIN -->
<TR style="font-size: 1pt" valign="bottom">
    <TD width="71%">&nbsp;</TD>	<!-- colindex=01 type=maindata -->
    <TD width="2%">&nbsp;</TD>	<!-- colindex=02 type=gutter -->
    <TD width="1%" align="right">&nbsp;</TD>	<!-- colindex=02 type=lead -->
    <TD width="9%" align="right">&nbsp;</TD>	<!-- colindex=02 type=body -->
    <TD width="1%" align="left">&nbsp;</TD>	<!-- colindex=02 type=hang1 -->
    <TD width="3%">&nbsp;</TD>	<!-- colindex=03 type=gutter -->
    <TD width="1%" align="right">&nbsp;</TD>	<!-- colindex=03 type=lead -->
    <TD width="11%" align="right">&nbsp;</TD>	<!-- colindex=03 type=body -->
    <TD width="1%" align="left">&nbsp;</TD>	<!-- colindex=03 type=hang1 -->
</TR>
<!-- Table Width Row END -->
<TR style="font-size: 8pt" valign="bottom" align="center">
<TD nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>Period from<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom" align="center">
<TD nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>Year Ended<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>January&#160;1,&#160;2007<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom" align="center">
<TD nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>December&#160;31,<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>through<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom" align="center">
<TD nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    <B>2006</B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    <B>June&#160;3,&#160;2007</B>
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom" align="center">
<TD nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>US$</B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>US$</B>
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR style="line-height: 3pt; font-size: 1pt">
<TD>&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Computed expected tax expense
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    122
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    94
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Effect of differential preferential tax rate
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    (96
</TD>
<TD nowrap align="left" valign="bottom">
    )
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    (51
</TD>
<TD nowrap align="left" valign="bottom">
    )
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Non-deductible entertainment expenses
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    10
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    &#151;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="font-size: 1pt">
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 20pt">
    <B>Actual income tax expense</B>
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    <B>36</B>
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    <B>43</B>
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="font-size: 1pt">
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
</TABLE>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">

</DIV>

<P align="center" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <BR>
    F-100
</DIV><!-- END PAGE WIDTH -->
<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>

<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->

<DIV style="margin-top: 18pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">Shenzhen
    Dale Advertising Co., Ltd.<BR>
    </FONT></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">Notes to
    Financial Statements&#160;&#151;&#160;(Continued)<BR>
    </FONT></B>
</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">(Amounts
    in thousands)</FONT></B>
</DIV>
<DIV style="margin-top: 18pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    As of January&#160;1, 2007 and for the period from
    January&#160;1, 2007 through June&#160;3, 2007, the Company did
    not have unrecognized tax benefits relating to uncertain tax
    positions, and it does not expect that the amount of
    unrecognized tax benefits will increase significantly within the
    next 12&#160;months. No interest and penalties related to
    unrecognized tax benefits were accrued at the date of initial
    adoption of FIN&#160;48 and as of June&#160;3, 2007.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    According to the PRC Tax Administration and Collection Law, the
    statute of limitations is three years if the underpayment of
    taxes is due to computational errors made by the taxpayer or the
    withholding agent. The statute of limitations is extended to
    five years under special circumstances where the underpayment of
    taxes is more than US$15 (RMB100). In the case of transfer
    pricing issues, the statute of limitation is ten years. There is
    no statute of limitation in the case of tax evasion. The income
    tax returns of the Company for the tax years ended
    December&#160;31, 2005 through 2007 are subject to examination
    by relevant tax authorities.
</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

<TR>
    <TD width="3%"></TD>
    <TD width="97%"></TD>
</TR>

<TR valign="top">
    <TD>
    <B><FONT style="font-family: 'Times New Roman', Times">7.&#160;&#160;</FONT></B>
</TD>
    <TD>
    <B><FONT style="font-family: 'Times New Roman', Times">Amounts
    due from related parties</FONT></B>
</TD>
</TR>

</TABLE>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Amounts due from related parties as of December&#160;31, 2006
    and June&#160;3, 2007 represented customer payments collected by
    the owner on behalf of the Company of US$77 and US$77,
    respectively which were fully repaid in December 2007, and
    advance of US$nil and US$144 respectively to Jieli Investment
    Management Consulting (Shanghai) Co., Ltd., an entity under
    common control of the owner of the Company. Such advance was
    fully repaid in July 2008.
</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

<TR>
    <TD width="3%"></TD>
    <TD width="97%"></TD>
</TR>

<TR valign="top">
    <TD>
    <B><FONT style="font-family: 'Times New Roman', Times">8.&#160;&#160;</FONT></B>
</TD>
    <TD>
    <B><FONT style="font-family: 'Times New Roman', Times">Statutory
    surplus reserve</FONT></B>
</TD>
</TR>

</TABLE>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    The Company is required under PRC laws to transfer at least 10%
    of its after tax profits as reported in its PRC statutory
    financial statements to a statutory surplus reserve. The Company
    is permitted to discontinue allocations to this reserve if the
    balance of such reserve has reached 50% of its registered
    capital. The transfer to this reserve must be made before
    distribution of dividends to equity shareholders or owners can
    be made. The statutory reserve is not available for distribution
    to the owner (except in liquidation) and may not be transferred
    in the form of loans, advances or cash dividends. As of
    December&#160;31, 2006 and June&#160;3, 2007, the Company had
    appropriated US$44 and US$44 to the statutory surplus reserve
    fund, respectively, which is restricted for being distributed to
    the owner.
</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

<TR>
    <TD width="3%"></TD>
    <TD width="97%"></TD>
</TR>

<TR valign="top">
    <TD>
    <B><FONT style="font-family: 'Times New Roman', Times">9.&#160;&#160;</FONT></B>
</TD>
    <TD>
    <B><FONT style="font-family: 'Times New Roman', Times">Operating
    lease commitments</FONT></B>
</TD>
</TR>

</TABLE>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    The Company leases space primarily inside elevators to display
    the content of its customers&#146; advertisements, and office
    premises under operating lease arrangements. These operating
    leases do not contain provisions for contingent rentals.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Rental expenses under operating leases were included in the
    following expense items:
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<TABLE border="0" width="100%" align="center" cellpadding="0" cellspacing="0" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
<!-- Table Width Row BEGIN -->
<TR style="font-size: 1pt" valign="bottom">
    <TD width="71%">&nbsp;</TD>	<!-- colindex=01 type=maindata -->
    <TD width="2%">&nbsp;</TD>	<!-- colindex=02 type=gutter -->
    <TD width="1%" align="right">&nbsp;</TD>	<!-- colindex=02 type=lead -->
    <TD width="9%" align="right">&nbsp;</TD>	<!-- colindex=02 type=body -->
    <TD width="1%" align="left">&nbsp;</TD>	<!-- colindex=02 type=hang1 -->
    <TD width="3%">&nbsp;</TD>	<!-- colindex=03 type=gutter -->
    <TD width="1%" align="right">&nbsp;</TD>	<!-- colindex=03 type=lead -->
    <TD width="11%" align="right">&nbsp;</TD>	<!-- colindex=03 type=body -->
    <TD width="1%" align="left">&nbsp;</TD>	<!-- colindex=03 type=hang1 -->
</TR>
<!-- Table Width Row END -->
<TR style="font-size: 8pt" valign="bottom" align="center">
<TD nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>Period from<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom" align="center">
<TD nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>Year Ended<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>January&#160;1,&#160;2007<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom" align="center">
<TD nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>December&#160;31,<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>through<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom" align="center">
<TD nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    <B>2006</B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    <B>June&#160;3,&#160;2007</B>
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom" align="center">
<TD nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>US$</B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>US$</B>
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR style="line-height: 3pt; font-size: 1pt">
<TD>&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Cost of revenues
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    275
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    158
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    General and administrative expenses
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    40
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    12
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="font-size: 1pt">
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 20pt">
    <B>Total rental expenses</B>
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    <B>315</B>
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    <B>170</B>
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="font-size: 1pt">
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
</TABLE>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">

</DIV>

<P align="center" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <BR>
    F-101
</DIV><!-- END PAGE WIDTH -->
<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>

<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->

<DIV style="margin-top: 18pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">Shenzhen
    Dale Advertising Co., Ltd.<BR>
    </FONT></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">Notes to
    Financial Statements&#160;&#151;&#160;(Continued)<BR>
    </FONT></B>
</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">(Amounts
    in thousands)</FONT></B>
</DIV>
<DIV style="margin-top: 18pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    As of December&#160;31, 2006 and June&#160;3, 2007, future
    minimum rental payments under non-cancellable operating leases
    having initial or remaining lease terms of more than one year
    are as follows:
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<TABLE border="0" width="100%" align="center" cellpadding="0" cellspacing="0" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
<!-- Table Width Row BEGIN -->
<TR style="font-size: 1pt" valign="bottom">
    <TD width="79%">&nbsp;</TD>	<!-- colindex=01 type=maindata -->
    <TD width="2%">&nbsp;</TD>	<!-- colindex=02 type=gutter -->
    <TD width="1%" align="right">&nbsp;</TD>	<!-- colindex=02 type=lead -->
    <TD width="9%" align="right">&nbsp;</TD>	<!-- colindex=02 type=body -->
    <TD width="1%" align="left">&nbsp;</TD>	<!-- colindex=02 type=hang1 -->
    <TD width="3%">&nbsp;</TD>	<!-- colindex=03 type=gutter -->
    <TD width="1%" align="right">&nbsp;</TD>	<!-- colindex=03 type=lead -->
    <TD width="3%" align="right">&nbsp;</TD>	<!-- colindex=03 type=body -->
    <TD width="1%" align="left">&nbsp;</TD>	<!-- colindex=03 type=hang1 -->
</TR>
<!-- Table Width Row END -->
<TR style="font-size: 8pt" valign="bottom" align="center">
<TD nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>December&#160;31,<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>June&#160;3,<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom" align="center">
<TD nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    <B>2006</B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    <B>2007</B>
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom" align="center">
<TD nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>US$</B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>US$</B>
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR style="line-height: 3pt; font-size: 1pt">
<TD>&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    2007
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    351
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    212
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    2008
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    178
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    215
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    2009
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    52
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    66
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    2010
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    8
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    10
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    2011
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    1
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    1
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="font-size: 1pt">
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    <B>590</B>
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    <B>504</B>
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="font-size: 1pt">
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
</TABLE>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">

</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

<TR>
    <TD width="5%"></TD>
    <TD width="95%"></TD>
</TR>

<TR valign="top">
    <TD>
    <B><FONT style="font-family: 'Times New Roman', Times">10.&#160;&#160;</FONT></B>
</TD>
    <TD>
    <B><FONT style="font-family: 'Times New Roman', Times">Subsequent
    event</FONT></B>
</TD>
</TR>

</TABLE>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    On June&#160;4, 2007, SearchMedia International Limited
    (&#147;SearchMedia&#148;), through its wholly-owned subsidiary,
    Jieli Investment Management Consulting (Shanghai) Co., Ltd.
    (&#147;Jieli Consulting&#148;), entered into a series of
    contractual agreements with the Company&#146;s owner, including
    exclusive business cooperation agreement, loan agreement,
    exclusive option agreement, share pledge arrangement and a power
    of attorney. The terms of these agreements resulted in Jieli
    Consulting bearing all the economic risks with respect to and
    receiving all the economic benefits from the Company and
    controlling the financing and operating affairs of the Company.
    In accordance with FASB Interpretation No.&#160;46(R),
    <I>&#147;Consolidation of Variable Interest Entities&#148;</I>,
    the Company has been consolidated by SearchMedia in its
    consolidated financial statements commencing from June&#160;4,
    2007, being the date Jieli Consulting first became the primary
    beneficiary when such contractual arrangements were agreed and
    signed by both parties.
</DIV>

<P align="center" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <BR>
    F-102
</DIV><!-- END PAGE WIDTH -->
<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>

<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->

<DIV align="right" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">Annex&#160;A-1</FONT></B>
</DIV>

<DIV style="margin-top: 3pt; font-size: 1pt">&nbsp;</DIV>

<DIV style="margin-top: 18pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">AGREEMENT
    AND PLAN OF MERGER, CONVERSION AND SHARE EXCHANGE<BR>
    BY AND AMONG<BR>
    IDEATION ACQUISITION CORP.<BR>
    ID ARIZONA CORP.<BR>
    SEARCHMEDIA INTERNATIONAL LIMITED<BR>
    SHANGHAI JINGLI ADVERTISING CO., LTD.<BR>
    THE SUBSIDIARIES OF SEARCHMEDIA INTERNATIONAL LIMITED NAMED
    HEREIN<BR>
    THE SHAREHOLDERS AND WARRANTHOLDERS OF SEARCHMEDIA<BR>
    INTERNATIONAL LIMITED NAMED HEREIN<BR>
    THE SM SHAREHOLDERS&#146; REPRESENTATIVES AND<BR>
    THE OTHER PARTIES NAMED HEREIN<BR>
    Dated: March&#160;31, 2009</FONT></B>
</DIV>

<DIV style="margin-top: 3pt; font-size: 1pt">&nbsp;</DIV>

<P align="left" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">

</DIV><!-- END PAGE WIDTH -->
<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>

<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->

<DIV align="center" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">TABLE OF
    CONTENTS</FONT></B>
</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<TABLE border="0" width="100%" align="center" cellpadding="0" cellspacing="0" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
<!-- Table Width Row BEGIN -->
<TR style="font-size: 1pt" valign="bottom">
    <TD width="7%">&nbsp;</TD>	<!-- colindex=01 type=quadleft -->
    <TD width="1%">&nbsp;</TD>	<!-- colindex=01 type=maindata -->
    <TD width="7%">&nbsp;</TD>	<!-- colindex=01 type=quadright -->
    <TD width="2%">&nbsp;</TD>	<!-- colindex=02 type=gutter -->
    <TD width="75%">&nbsp;</TD>	<!-- colindex=02 type=maindata -->
    <TD width="2%">&nbsp;</TD>	<!-- colindex=03 type=gutter -->
    <TD width="2%">&nbsp;</TD>	<!-- colindex=03 type=quadleft -->
    <TD width="1%">&nbsp;</TD>	<!-- colindex=03 type=maindata -->
    <TD width="2%">&nbsp;</TD>	<!-- colindex=03 type=quadright -->
</TR>
<!-- Table Width Row END -->
<TR valign="bottom">
<TD>&nbsp;
</TD>
<TD nowrap align="left" valign="top">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    ARTICLE I
</DIV>
</TD>
<TD>&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    The Merger
</TD>
<TD>
&nbsp;
</TD>
<TD>&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    A-1-2
</TD>
<TD>&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD>&nbsp;
</TD>
<TD nowrap align="left" valign="top">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    <FONT style="font-variant: SMALL-CAPS">Section 1.1
    </FONT>
</DIV>
</TD>
<TD>&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    <I>The Merger</I>
</TD>
<TD>
&nbsp;
</TD>
<TD>&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    A-1-2
</TD>
<TD>&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD>&nbsp;
</TD>
<TD nowrap align="left" valign="top">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    <FONT style="font-variant: SMALL-CAPS">Section 1.2
    </FONT>
</DIV>
</TD>
<TD>&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD align="left" valign="bottom">
    <I>Filing of Certificate of Ownership and Merger; Merger
    Effective Time</I>
</TD>
<TD>
&nbsp;
</TD>
<TD>&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    A-1-2
</TD>
<TD>&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD>&nbsp;
</TD>
<TD nowrap align="left" valign="top">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    ARTICLE II
</DIV>
</TD>
<TD>&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    Conversion
</TD>
<TD>
&nbsp;
</TD>
<TD>&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    A-1-3
</TD>
<TD>&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD>&nbsp;
</TD>
<TD nowrap align="left" valign="top">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    <FONT style="font-variant: SMALL-CAPS">Section 2.1
    </FONT>
</DIV>
</TD>
<TD>&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    <I>The Conversion</I>
</TD>
<TD>
&nbsp;
</TD>
<TD>&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    A-1-3
</TD>
<TD>&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD>&nbsp;
</TD>
<TD nowrap align="left" valign="top">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    <FONT style="font-variant: SMALL-CAPS">Section 2.2
    </FONT>
</DIV>
</TD>
<TD>&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD align="left" valign="bottom">
    <I>Registration by Way of Continuation; Conversion Effective
    Time</I>
</TD>
<TD>
&nbsp;
</TD>
<TD>&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    A-1-3
</TD>
<TD>&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD>&nbsp;
</TD>
<TD nowrap align="left" valign="top">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    ARTICLE III
</DIV>
</TD>
<TD>&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD align="left" valign="bottom">
    Charter Documents, Directors and Officers of Surviving
    Corporation and ID Cayman
</TD>
<TD>
&nbsp;
</TD>
<TD>&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    A-1-3
</TD>
<TD>&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD>&nbsp;
</TD>
<TD nowrap align="left" valign="top">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    <FONT style="font-variant: SMALL-CAPS">Section 3.1
    </FONT>
</DIV>
</TD>
<TD>&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD align="left" valign="bottom">
    <I>Articles of Incorporation of Surviving Corporation</I>
</TD>
<TD>
&nbsp;
</TD>
<TD>&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    A-1-3
</TD>
<TD>&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD>&nbsp;
</TD>
<TD nowrap align="left" valign="top">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    <FONT style="font-variant: SMALL-CAPS">Section 3.2
    </FONT>
</DIV>
</TD>
<TD>&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD align="left" valign="bottom">
    <I>Bylaws of Surviving Corporation</I>
</TD>
<TD>
&nbsp;
</TD>
<TD>&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    A-1-3
</TD>
<TD>&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD>&nbsp;
</TD>
<TD nowrap align="left" valign="top">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    <FONT style="font-variant: SMALL-CAPS">Section 3.3
    </FONT>
</DIV>
</TD>
<TD>&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD align="left" valign="bottom">
    <I>Directors of Surviving Corporation</I>
</TD>
<TD>
&nbsp;
</TD>
<TD>&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    A-1-3
</TD>
<TD>&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD>&nbsp;
</TD>
<TD nowrap align="left" valign="top">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    <FONT style="font-variant: SMALL-CAPS">Section 3.4
    </FONT>
</DIV>
</TD>
<TD>&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD align="left" valign="bottom">
    <I>Officers of Surviving Corporation</I>
</TD>
<TD>
&nbsp;
</TD>
<TD>&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    A-1-3
</TD>
<TD>&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD>&nbsp;
</TD>
<TD nowrap align="left" valign="top">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    <FONT style="font-variant: SMALL-CAPS">Section 3.5
    </FONT>
</DIV>
</TD>
<TD>&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD align="left" valign="bottom">
    <I>Memorandum and Articles of Association of ID Cayman</I>
</TD>
<TD>
&nbsp;
</TD>
<TD>&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    A-1-3
</TD>
<TD>&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD>&nbsp;
</TD>
<TD nowrap align="left" valign="top">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    <FONT style="font-variant: SMALL-CAPS">Section 3.6
    </FONT>
</DIV>
</TD>
<TD>&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD align="left" valign="bottom">
    <I>Directors of ID Cayman</I>
</TD>
<TD>
&nbsp;
</TD>
<TD>&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    A-1-3
</TD>
<TD>&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD>&nbsp;
</TD>
<TD nowrap align="left" valign="top">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    <FONT style="font-variant: SMALL-CAPS">Section 3.7
    </FONT>
</DIV>
</TD>
<TD>&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD align="left" valign="bottom">
    <I>Officers of ID Cayman</I>
</TD>
<TD>
&nbsp;
</TD>
<TD>&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    A-1-4
</TD>
<TD>&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD>&nbsp;
</TD>
<TD nowrap align="left" valign="top">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    ARTICLE IV
</DIV>
</TD>
<TD>&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD align="left" valign="bottom">
    Conversion and Exchange of Securities
</TD>
<TD>
&nbsp;
</TD>
<TD>&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    A-1-4
</TD>
<TD>&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD>&nbsp;
</TD>
<TD nowrap align="left" valign="top">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    <FONT style="font-variant: SMALL-CAPS">Section 4.1
    </FONT>
</DIV>
</TD>
<TD>&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD align="left" valign="bottom">
    <I>Conversion of Stock in the Merger</I>
</TD>
<TD>
&nbsp;
</TD>
<TD>&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    A-1-4
</TD>
<TD>&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD>&nbsp;
</TD>
<TD nowrap align="left" valign="top">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    <FONT style="font-variant: SMALL-CAPS">Section 4.2
    </FONT>
</DIV>
</TD>
<TD>&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD align="left" valign="bottom">
    <I>Conversion of Securities in the Conversion</I>
</TD>
<TD>
&nbsp;
</TD>
<TD>&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    A-1-4
</TD>
<TD>&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD>&nbsp;
</TD>
<TD nowrap align="left" valign="top">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    <FONT style="font-variant: SMALL-CAPS">Section 4.3
    </FONT>
</DIV>
</TD>
<TD>&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD align="left" valign="bottom">
    <I>Certificates Representing Ideation Securities</I>
</TD>
<TD>
&nbsp;
</TD>
<TD>&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    A-1-4
</TD>
<TD>&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD>&nbsp;
</TD>
<TD nowrap align="left" valign="top">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    <FONT style="font-variant: SMALL-CAPS">Section 4.4
    </FONT>
</DIV>
</TD>
<TD>&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD align="left" valign="bottom">
    <I>Effect of the Conversion</I>
</TD>
<TD>
&nbsp;
</TD>
<TD>&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    A-1-6
</TD>
<TD>&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD>&nbsp;
</TD>
<TD nowrap align="left" valign="top">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    ARTICLE V
</DIV>
</TD>
<TD>&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    Share Exchange
</TD>
<TD>
&nbsp;
</TD>
<TD>&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    A-1-6
</TD>
<TD>&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD>&nbsp;
</TD>
<TD nowrap align="left" valign="top">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    <FONT style="font-variant: SMALL-CAPS">Section 5.1
    </FONT>
</DIV>
</TD>
<TD>&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    <I>Share Exchange</I>
</TD>
<TD>
&nbsp;
</TD>
<TD>&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    A-1-6
</TD>
<TD>&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD>&nbsp;
</TD>
<TD nowrap align="left" valign="top">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    <FONT style="font-variant: SMALL-CAPS">Section 5.2
    </FONT>
</DIV>
</TD>
<TD>&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    <I>Equity Payment</I>
</TD>
<TD>
&nbsp;
</TD>
<TD>&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    A-1-8
</TD>
<TD>&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD>&nbsp;
</TD>
<TD nowrap align="left" valign="top">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    <FONT style="font-variant: SMALL-CAPS">Section 5.3
    </FONT>
</DIV>
</TD>
<TD>&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD align="left" valign="bottom">
    <I>SM Option, SM Restricted Shares and SM Warrant
    Exercises/Vesting</I>
</TD>
<TD>
&nbsp;
</TD>
<TD>&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    A-1-9
</TD>
<TD>&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD>&nbsp;
</TD>
<TD nowrap align="left" valign="top">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    <FONT style="font-variant: SMALL-CAPS">Section 5.4
    </FONT>
</DIV>
</TD>
<TD>&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD align="left" valign="bottom">
    <I>Adjustments to Shares</I>
</TD>
<TD>
&nbsp;
</TD>
<TD>&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    A-1-10
</TD>
<TD>&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD>&nbsp;
</TD>
<TD nowrap align="left" valign="top">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    <FONT style="font-variant: SMALL-CAPS">Section 5.5
    </FONT>
</DIV>
</TD>
<TD>&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD align="left" valign="bottom">
    <I>No Fractional Shares</I>
</TD>
<TD>
&nbsp;
</TD>
<TD>&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    A-1-10
</TD>
<TD>&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD>&nbsp;
</TD>
<TD nowrap align="left" valign="top">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    ARTICLE VI
</DIV>
</TD>
<TD>&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    The Closing
</TD>
<TD>
&nbsp;
</TD>
<TD>&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    A-1-10
</TD>
<TD>&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD>&nbsp;
</TD>
<TD nowrap align="left" valign="top">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    <FONT style="font-variant: SMALL-CAPS">Section 6.1
    </FONT>
</DIV>
</TD>
<TD>&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    <I>Closing</I>
</TD>
<TD>
&nbsp;
</TD>
<TD>&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    A-1-10
</TD>
<TD>&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD>&nbsp;
</TD>
<TD nowrap align="left" valign="top">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    <FONT style="font-variant: SMALL-CAPS">Section 6.2
    </FONT>
</DIV>
</TD>
<TD>&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD align="left" valign="bottom">
    <I>Deliveries of the Parties</I>
</TD>
<TD>
&nbsp;
</TD>
<TD>&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    A-1-10
</TD>
<TD>&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD>&nbsp;
</TD>
<TD nowrap align="left" valign="top">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    <FONT style="font-variant: SMALL-CAPS">Section 6.3
    </FONT>
</DIV>
</TD>
<TD>&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    <I>Additional Agreements</I>
</TD>
<TD>
&nbsp;
</TD>
<TD>&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    A-1-11
</TD>
<TD>&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD>&nbsp;
</TD>
<TD nowrap align="left" valign="top">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    <FONT style="font-variant: SMALL-CAPS">Section 6.4
    </FONT>
</DIV>
</TD>
<TD>&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    <I>Further Assurances</I>
</TD>
<TD>
&nbsp;
</TD>
<TD>&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    A-1-11
</TD>
<TD>&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD>&nbsp;
</TD>
<TD nowrap align="left" valign="top">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    ARTICLE VII
</DIV>
</TD>
<TD>&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD align="left" valign="bottom">
    Representations and Warranties of SM Parties
</TD>
<TD>
&nbsp;
</TD>
<TD>&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    A-1-11
</TD>
<TD>&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD>&nbsp;
</TD>
<TD nowrap align="left" valign="top">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    <FONT style="font-variant: SMALL-CAPS">Section 7.1
    </FONT>
</DIV>
</TD>
<TD>&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    <I>SM Shares</I>
</TD>
<TD>
&nbsp;
</TD>
<TD>&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    A-1-11
</TD>
<TD>&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD>&nbsp;
</TD>
<TD nowrap align="left" valign="top">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    <FONT style="font-variant: SMALL-CAPS">Section 7.2
    </FONT>
</DIV>
</TD>
<TD>&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD align="left" valign="bottom">
    <I>Organization and Standing</I>
</TD>
<TD>
&nbsp;
</TD>
<TD>&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    A-1-12
</TD>
<TD>&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD>&nbsp;
</TD>
<TD nowrap align="left" valign="top">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    <FONT style="font-variant: SMALL-CAPS">Section 7.3
    </FONT>
</DIV>
</TD>
<TD>&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD align="left" valign="bottom">
    <I>Authority; Execution and Delivery; Enforceability</I>
</TD>
<TD>
&nbsp;
</TD>
<TD>&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    A-1-12
</TD>
<TD>&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD>&nbsp;
</TD>
<TD nowrap align="left" valign="top">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    <FONT style="font-variant: SMALL-CAPS">Section 7.4
    </FONT>
</DIV>
</TD>
<TD>&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD align="left" valign="bottom">
    <I>Subsidiaries and Other Group Companies</I>
</TD>
<TD>
&nbsp;
</TD>
<TD>&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    A-1-13
</TD>
<TD>&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD>&nbsp;
</TD>
<TD nowrap align="left" valign="top">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    <FONT style="font-variant: SMALL-CAPS">Section 7.5
    </FONT>
</DIV>
</TD>
<TD>&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    <I>No Conflicts</I>
</TD>
<TD>
&nbsp;
</TD>
<TD>&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    A-1-14
</TD>
<TD>&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD>&nbsp;
</TD>
<TD nowrap align="left" valign="top">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    <FONT style="font-variant: SMALL-CAPS">Section 7.6
    </FONT>
</DIV>
</TD>
<TD>&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD align="left" valign="bottom">
    <I>Consents and Approvals</I>
</TD>
<TD>
&nbsp;
</TD>
<TD>&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    A-1-14
</TD>
<TD>&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD>&nbsp;
</TD>
<TD nowrap align="left" valign="top">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    <FONT style="font-variant: SMALL-CAPS">Section 7.7
    </FONT>
</DIV>
</TD>
<TD>&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    <I>Financial Statements</I>
</TD>
<TD>
&nbsp;
</TD>
<TD>&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    A-1-15
</TD>
<TD>&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD>&nbsp;
</TD>
<TD nowrap align="left" valign="top">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    <FONT style="font-variant: SMALL-CAPS">Section 7.8
    </FONT>
</DIV>
</TD>
<TD>&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD align="left" valign="bottom">
    <I>Absence of Certain Changes or Events</I>
</TD>
<TD>
&nbsp;
</TD>
<TD>&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    A-1-15
</TD>
<TD>&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD>&nbsp;
</TD>
<TD nowrap align="left" valign="top">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    <FONT style="font-variant: SMALL-CAPS">Section 7.9
    </FONT>
</DIV>
</TD>
<TD>&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD align="left" valign="bottom">
    <I>No Undisclosed Liabilities</I>
</TD>
<TD>
&nbsp;
</TD>
<TD>&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    A-1-17
</TD>
<TD>&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD>&nbsp;
</TD>
<TD nowrap align="left" valign="top">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    <FONT style="font-variant: SMALL-CAPS">Section 7.10
    </FONT>
</DIV>
</TD>
<TD>&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    <I>Litigation</I>
</TD>
<TD>
&nbsp;
</TD>
<TD>&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    A-1-17
</TD>
<TD>&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD>&nbsp;
</TD>
<TD nowrap align="left" valign="top">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    <FONT style="font-variant: SMALL-CAPS">Section 7.11
    </FONT>
</DIV>
</TD>
<TD>&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD align="left" valign="bottom">
    <I>Licenses, Permits, Etc</I>
</TD>
<TD>
&nbsp;
</TD>
<TD>&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    A-1-17
</TD>
<TD>&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD>&nbsp;
</TD>
<TD nowrap align="left" valign="top">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    <FONT style="font-variant: SMALL-CAPS">Section 7.12
    </FONT>
</DIV>
</TD>
<TD>&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD align="left" valign="bottom">
    <I>Title to Properties</I>
</TD>
<TD>
&nbsp;
</TD>
<TD>&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    A-1-17
</TD>
<TD>&nbsp;
</TD>
</TR>
</TABLE>

<P align="center" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <BR>
    A-1-i
</DIV><!-- END PAGE WIDTH -->
<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>

<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->

<TABLE border="0" width="100%" align="center" cellpadding="0" cellspacing="0" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
<!-- Table Width Row BEGIN -->
<TR style="font-size: 1pt" valign="bottom">
    <TD width="7%">&nbsp;</TD>	<!-- colindex=01 type=quadleft -->
    <TD width="1%">&nbsp;</TD>	<!-- colindex=01 type=maindata -->
    <TD width="7%">&nbsp;</TD>	<!-- colindex=01 type=quadright -->
    <TD width="2%">&nbsp;</TD>	<!-- colindex=02 type=gutter -->
    <TD width="75%">&nbsp;</TD>	<!-- colindex=02 type=maindata -->
    <TD width="2%">&nbsp;</TD>	<!-- colindex=03 type=gutter -->
    <TD width="2%">&nbsp;</TD>	<!-- colindex=03 type=quadleft -->
    <TD width="1%">&nbsp;</TD>	<!-- colindex=03 type=maindata -->
    <TD width="2%">&nbsp;</TD>	<!-- colindex=03 type=quadright -->
</TR>
<!-- Table Width Row END -->
<TR valign="bottom">
<TD>&nbsp;
</TD>
<TD nowrap align="left" valign="top">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    <FONT style="font-variant: SMALL-CAPS">Section 7.13
    </FONT>
</DIV>
</TD>
<TD>&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    <I>Intellectual Property</I>
</TD>
<TD>
&nbsp;
</TD>
<TD>&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    A-1-18
</TD>
<TD>&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD>&nbsp;
</TD>
<TD nowrap align="left" valign="top">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    <FONT style="font-variant: SMALL-CAPS">Section 7.14
    </FONT>
</DIV>
</TD>
<TD>&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    <I>Taxes</I>
</TD>
<TD>
&nbsp;
</TD>
<TD>&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    A-1-18
</TD>
<TD>&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD>&nbsp;
</TD>
<TD nowrap align="left" valign="top">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    <FONT style="font-variant: SMALL-CAPS">Section 7.15
    </FONT>
</DIV>
</TD>
<TD>&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    <I>Employment Matters</I>
</TD>
<TD>
&nbsp;
</TD>
<TD>&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    A-1-19
</TD>
<TD>&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD>&nbsp;
</TD>
<TD nowrap align="left" valign="top">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    <FONT style="font-variant: SMALL-CAPS">Section 7.16
    </FONT>
</DIV>
</TD>
<TD>&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD align="left" valign="bottom">
    <I>Transactions With Affiliates and Employees</I>
</TD>
<TD>
&nbsp;
</TD>
<TD>&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    A-1-19
</TD>
<TD>&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD>&nbsp;
</TD>
<TD nowrap align="left" valign="top">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    <FONT style="font-variant: SMALL-CAPS">Section 7.17
    </FONT>
</DIV>
</TD>
<TD>&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    <I>Insurance</I>
</TD>
<TD>
&nbsp;
</TD>
<TD>&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    A-1-20
</TD>
<TD>&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD>&nbsp;
</TD>
<TD nowrap align="left" valign="top">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    <FONT style="font-variant: SMALL-CAPS">Section 7.18
    </FONT>
</DIV>
</TD>
<TD>&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    <I>Material Contracts</I>
</TD>
<TD>
&nbsp;
</TD>
<TD>&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    A-1-20
</TD>
<TD>&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD>&nbsp;
</TD>
<TD nowrap align="left" valign="top">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    <FONT style="font-variant: SMALL-CAPS">Section 7.19
    </FONT>
</DIV>
</TD>
<TD>&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD align="left" valign="bottom">
    <I>Compliance with Applicable Laws</I>
</TD>
<TD>
&nbsp;
</TD>
<TD>&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    A-1-20
</TD>
<TD>&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD>&nbsp;
</TD>
<TD nowrap align="left" valign="top">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    <FONT style="font-variant: SMALL-CAPS">Section 7.20
    </FONT>
</DIV>
</TD>
<TD>&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD align="left" valign="bottom">
    <I>Foreign Corrupt Practices</I>
</TD>
<TD>
&nbsp;
</TD>
<TD>&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    A-1-21
</TD>
<TD>&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD>&nbsp;
</TD>
<TD nowrap align="left" valign="top">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    <FONT style="font-variant: SMALL-CAPS">Section 7.21
    </FONT>
</DIV>
</TD>
<TD>&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    <I>Brokers</I>
</TD>
<TD>
&nbsp;
</TD>
<TD>&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    A-1-21
</TD>
<TD>&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD>&nbsp;
</TD>
<TD nowrap align="left" valign="top">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    <FONT style="font-variant: SMALL-CAPS">Section 7.22
    </FONT>
</DIV>
</TD>
<TD>&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    <I>OFAC</I>
</TD>
<TD>
&nbsp;
</TD>
<TD>&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    A-1-21
</TD>
<TD>&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD>&nbsp;
</TD>
<TD nowrap align="left" valign="top">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    <FONT style="font-variant: SMALL-CAPS">Section 7.23
    </FONT>
</DIV>
</TD>
<TD>&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD align="left" valign="bottom">
    <I>Additional PRC Representations and Warranties</I>
</TD>
<TD>
&nbsp;
</TD>
<TD>&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    A-1-21
</TD>
<TD>&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD>&nbsp;
</TD>
<TD nowrap align="left" valign="top">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    <FONT style="font-variant: SMALL-CAPS">Section 7.24
    </FONT>
</DIV>
</TD>
<TD>&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    <I>Environmental Matters</I>
</TD>
<TD>
&nbsp;
</TD>
<TD>&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    A-1-22
</TD>
<TD>&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD>&nbsp;
</TD>
<TD nowrap align="left" valign="top">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    <FONT style="font-variant: SMALL-CAPS">Section 7.25
    </FONT>
</DIV>
</TD>
<TD>&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD align="left" valign="bottom">
    <I>Restrictions on Business Activities</I>
</TD>
<TD>
&nbsp;
</TD>
<TD>&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    A-1-22
</TD>
<TD>&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD>&nbsp;
</TD>
<TD nowrap align="left" valign="top">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    <FONT style="font-variant: SMALL-CAPS">Section 7.26
    </FONT>
</DIV>
</TD>
<TD>&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    <I>Investment Company</I>
</TD>
<TD>
&nbsp;
</TD>
<TD>&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    A-1-22
</TD>
<TD>&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD>&nbsp;
</TD>
<TD nowrap align="left" valign="top">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    ARTICLE VIII
</DIV>
</TD>
<TD>&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD align="left" valign="bottom">
    Representations and Warranties of Ideation
</TD>
<TD>
&nbsp;
</TD>
<TD>&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    A-1-22
</TD>
<TD>&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD>&nbsp;
</TD>
<TD nowrap align="left" valign="top">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    <FONT style="font-variant: SMALL-CAPS">Section 8.1
    </FONT>
</DIV>
</TD>
<TD>&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    <I>Capital Structure</I>
</TD>
<TD>
&nbsp;
</TD>
<TD>&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    A-1-22
</TD>
<TD>&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD>&nbsp;
</TD>
<TD nowrap align="left" valign="top">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    <FONT style="font-variant: SMALL-CAPS">Section 8.2
    </FONT>
</DIV>
</TD>
<TD>&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD align="left" valign="bottom">
    <I>Organization and Standing</I>
</TD>
<TD>
&nbsp;
</TD>
<TD>&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    A-1-23
</TD>
<TD>&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD>&nbsp;
</TD>
<TD nowrap align="left" valign="top">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    <FONT style="font-variant: SMALL-CAPS">Section 8.3
    </FONT>
</DIV>
</TD>
<TD>&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD align="left" valign="bottom">
    <I>Authority; Execution and Delivery; Enforceability</I>
</TD>
<TD>
&nbsp;
</TD>
<TD>&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    A-1-23
</TD>
<TD>&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD>&nbsp;
</TD>
<TD nowrap align="left" valign="top">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    <FONT style="font-variant: SMALL-CAPS">Section 8.4
    </FONT>
</DIV>
</TD>
<TD>&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD align="left" valign="bottom">
    <I>No Subsidiaries or Equity Interests</I>
</TD>
<TD>
&nbsp;
</TD>
<TD>&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    A-1-23
</TD>
<TD>&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD>&nbsp;
</TD>
<TD nowrap align="left" valign="top">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    <FONT style="font-variant: SMALL-CAPS">Section 8.5
    </FONT>
</DIV>
</TD>
<TD>&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    <I>No Conflicts</I>
</TD>
<TD>
&nbsp;
</TD>
<TD>&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    A-1-23
</TD>
<TD>&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD>&nbsp;
</TD>
<TD nowrap align="left" valign="top">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    <FONT style="font-variant: SMALL-CAPS">Section 8.6
    </FONT>
</DIV>
</TD>
<TD>&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD align="left" valign="bottom">
    <I>Consents and Approvals</I>
</TD>
<TD>
&nbsp;
</TD>
<TD>&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    A-1-24
</TD>
<TD>&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD>&nbsp;
</TD>
<TD nowrap align="left" valign="top">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    <FONT style="font-variant: SMALL-CAPS">Section 8.7
    </FONT>
</DIV>
</TD>
<TD>&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    <I>SEC Documents</I>
</TD>
<TD>
&nbsp;
</TD>
<TD>&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    A-1-24
</TD>
<TD>&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD>&nbsp;
</TD>
<TD nowrap align="left" valign="top">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    <FONT style="font-variant: SMALL-CAPS">Section 8.8
    </FONT>
</DIV>
</TD>
<TD>&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD align="left" valign="bottom">
    <I>Internal Accounting Controls</I>
</TD>
<TD>
&nbsp;
</TD>
<TD>&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    A-1-24
</TD>
<TD>&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD>&nbsp;
</TD>
<TD nowrap align="left" valign="top">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    <FONT style="font-variant: SMALL-CAPS">Section 8.9
    </FONT>
</DIV>
</TD>
<TD>&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD align="left" valign="bottom">
    <I>Absence of Certain Changes or Events</I>
</TD>
<TD>
&nbsp;
</TD>
<TD>&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    A-1-25
</TD>
<TD>&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD>&nbsp;
</TD>
<TD nowrap align="left" valign="top">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    <FONT style="font-variant: SMALL-CAPS">Section 8.10
    </FONT>
</DIV>
</TD>
<TD>&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    <I>Undisclosed Liabilities</I>
</TD>
<TD>
&nbsp;
</TD>
<TD>&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    A-1-25
</TD>
<TD>&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD>&nbsp;
</TD>
<TD nowrap align="left" valign="top">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    <FONT style="font-variant: SMALL-CAPS">Section 8.11
    </FONT>
</DIV>
</TD>
<TD>&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    <I>Litigation</I>
</TD>
<TD>
&nbsp;
</TD>
<TD>&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    A-1-25
</TD>
<TD>&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD>&nbsp;
</TD>
<TD nowrap align="left" valign="top">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    <FONT style="font-variant: SMALL-CAPS">Section 8.12
    </FONT>
</DIV>
</TD>
<TD>&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD align="left" valign="bottom">
    <I>Compliance with Applicable Laws</I>
</TD>
<TD>
&nbsp;
</TD>
<TD>&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    A-1-25
</TD>
<TD>&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD>&nbsp;
</TD>
<TD nowrap align="left" valign="top">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    <FONT style="font-variant: SMALL-CAPS">Section 8.13
    </FONT>
</DIV>
</TD>
<TD>&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD align="left" valign="bottom">
    <I>Sarbanes-Oxley Act of 2002</I>
</TD>
<TD>
&nbsp;
</TD>
<TD>&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    A-1-26
</TD>
<TD>&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD>&nbsp;
</TD>
<TD nowrap align="left" valign="top">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    <FONT style="font-variant: SMALL-CAPS">Section 8.14
    </FONT>
</DIV>
</TD>
<TD>&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD align="left" valign="bottom">
    <I>Broker&#146;s and Finders&#146; Fees</I>
</TD>
<TD>
&nbsp;
</TD>
<TD>&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    A-1-26
</TD>
<TD>&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD>&nbsp;
</TD>
<TD nowrap align="left" valign="top">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    <FONT style="font-variant: SMALL-CAPS">Section 8.15
    </FONT>
</DIV>
</TD>
<TD>&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    <I>Minute Books</I>
</TD>
<TD>
&nbsp;
</TD>
<TD>&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    A-1-26
</TD>
<TD>&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD>&nbsp;
</TD>
<TD nowrap align="left" valign="top">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    <FONT style="font-variant: SMALL-CAPS">Section 8.16
    </FONT>
</DIV>
</TD>
<TD>&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    <I>Board Approval</I>
</TD>
<TD>
&nbsp;
</TD>
<TD>&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    A-1-26
</TD>
<TD>&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD>&nbsp;
</TD>
<TD nowrap align="left" valign="top">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    <FONT style="font-variant: SMALL-CAPS">Section 8.17
    </FONT>
</DIV>
</TD>
<TD>&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    <I>Required Vote</I>
</TD>
<TD>
&nbsp;
</TD>
<TD>&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    A-1-26
</TD>
<TD>&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD>&nbsp;
</TD>
<TD nowrap align="left" valign="top">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    <FONT style="font-variant: SMALL-CAPS">Section 8.18
    </FONT>
</DIV>
</TD>
<TD>&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    <I>AMEX Listing</I>
</TD>
<TD>
&nbsp;
</TD>
<TD>&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    A-1-26
</TD>
<TD>&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD>&nbsp;
</TD>
<TD nowrap align="left" valign="top">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    <FONT style="font-variant: SMALL-CAPS">Section 8.19
    </FONT>
</DIV>
</TD>
<TD>&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    <I>Trust&#160;Account</I>
</TD>
<TD>
&nbsp;
</TD>
<TD>&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    A-1-27
</TD>
<TD>&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD>&nbsp;
</TD>
<TD nowrap align="left" valign="top">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    <FONT style="font-variant: SMALL-CAPS">Section 8.20
    </FONT>
</DIV>
</TD>
<TD>&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD align="left" valign="bottom">
    <I>Transactions With Affiliates and Employees</I>
</TD>
<TD>
&nbsp;
</TD>
<TD>&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    A-1-27
</TD>
<TD>&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD>&nbsp;
</TD>
<TD nowrap align="left" valign="top">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    <FONT style="font-variant: SMALL-CAPS">Section 8.21
    </FONT>
</DIV>
</TD>
<TD>&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    <I>Material Contracts</I>
</TD>
<TD>
&nbsp;
</TD>
<TD>&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    A-1-27
</TD>
<TD>&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD>&nbsp;
</TD>
<TD nowrap align="left" valign="top">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    <FONT style="font-variant: SMALL-CAPS">Section 8.22
    </FONT>
</DIV>
</TD>
<TD>&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    <I>Taxes</I>
</TD>
<TD>
&nbsp;
</TD>
<TD>&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    A-1-27
</TD>
<TD>&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD>&nbsp;
</TD>
<TD nowrap align="left" valign="top">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    ARTICLE IX
</DIV>
</TD>
<TD>&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD align="left" valign="bottom">
    Conduct Prior To The Closing
</TD>
<TD>
&nbsp;
</TD>
<TD>&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    A-1-28
</TD>
<TD>&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD>&nbsp;
</TD>
<TD nowrap align="left" valign="top">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    <FONT style="font-variant: SMALL-CAPS">Section 9.1
    </FONT>
</DIV>
</TD>
<TD>&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD align="left" valign="bottom">
    <I>Covenants of SM Parties</I>
</TD>
<TD>
&nbsp;
</TD>
<TD>&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    A-1-28
</TD>
<TD>&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD>&nbsp;
</TD>
<TD nowrap align="left" valign="top">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    <FONT style="font-variant: SMALL-CAPS">Section 9.2
    </FONT>
</DIV>
</TD>
<TD>&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD align="left" valign="bottom">
    <I>Covenants of Ideation</I>
</TD>
<TD>
&nbsp;
</TD>
<TD>&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    A-1-30
</TD>
<TD>&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD>&nbsp;
</TD>
<TD nowrap align="left" valign="top">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    <FONT style="font-variant: SMALL-CAPS">Section 9.3
    </FONT>
</DIV>
</TD>
<TD>&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD align="left" valign="bottom">
    <I>Conversion of SM Cayman Securities</I>
</TD>
<TD>
&nbsp;
</TD>
<TD>&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    A-1-32
</TD>
<TD>&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD>&nbsp;
</TD>
<TD nowrap align="left" valign="top">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    <FONT style="font-variant: SMALL-CAPS">Section 9.4
    </FONT>
</DIV>
</TD>
<TD>&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD align="left" valign="bottom">
    <I>No Securities Transactions</I>
</TD>
<TD>
&nbsp;
</TD>
<TD>&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    A-1-32
</TD>
<TD>&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD>&nbsp;
</TD>
<TD nowrap align="left" valign="top">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    <FONT style="font-variant: SMALL-CAPS">Section 9.5
    </FONT>
</DIV>
</TD>
<TD>&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD align="left" valign="bottom">
    <I>Other Pre-Closing Covenants</I>
</TD>
<TD>
&nbsp;
</TD>
<TD>&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    A-1-32
</TD>
<TD>&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD>&nbsp;
</TD>
<TD nowrap align="left" valign="top">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    ARTICLE X
</DIV>
</TD>
<TD>&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD align="left" valign="bottom">
    Covenants of the SM Parties
</TD>
<TD>
&nbsp;
</TD>
<TD>&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    A-1-32
</TD>
<TD>&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD>&nbsp;
</TD>
<TD nowrap align="left" valign="top">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    <FONT style="font-variant: SMALL-CAPS">Section 10.1
    </FONT>
</DIV>
</TD>
<TD>&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD align="left" valign="bottom">
    <I>Access to Information</I>
</TD>
<TD>
&nbsp;
</TD>
<TD>&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    A-1-32
</TD>
<TD>&nbsp;
</TD>
</TR>
</TABLE>

<P align="center" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <BR>
    A-1-ii
</DIV><!-- END PAGE WIDTH -->
<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>

<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->

<TABLE border="0" width="100%" align="center" cellpadding="0" cellspacing="0" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
<!-- Table Width Row BEGIN -->
<TR style="font-size: 1pt" valign="bottom">
    <TD width="7%">&nbsp;</TD>	<!-- colindex=01 type=quadleft -->
    <TD width="1%">&nbsp;</TD>	<!-- colindex=01 type=maindata -->
    <TD width="7%">&nbsp;</TD>	<!-- colindex=01 type=quadright -->
    <TD width="2%">&nbsp;</TD>	<!-- colindex=02 type=gutter -->
    <TD width="75%">&nbsp;</TD>	<!-- colindex=02 type=maindata -->
    <TD width="2%">&nbsp;</TD>	<!-- colindex=03 type=gutter -->
    <TD width="2%">&nbsp;</TD>	<!-- colindex=03 type=quadleft -->
    <TD width="1%">&nbsp;</TD>	<!-- colindex=03 type=maindata -->
    <TD width="2%">&nbsp;</TD>	<!-- colindex=03 type=quadright -->
</TR>
<!-- Table Width Row END -->
<TR valign="bottom">
<TD>&nbsp;
</TD>
<TD nowrap align="left" valign="top">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    <FONT style="font-variant: SMALL-CAPS">Section 10.2
    </FONT>
</DIV>
</TD>
<TD>&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD align="left" valign="bottom">
    <I>Exclusivity; No Other Negotiations</I>
</TD>
<TD>
&nbsp;
</TD>
<TD>&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    A-1-33
</TD>
<TD>&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD>&nbsp;
</TD>
<TD nowrap align="left" valign="top">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    <FONT style="font-variant: SMALL-CAPS">Section 10.3
    </FONT>
</DIV>
</TD>
<TD>&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    <I>Further Assurances</I>
</TD>
<TD>
&nbsp;
</TD>
<TD>&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    A-1-33
</TD>
<TD>&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD>&nbsp;
</TD>
<TD nowrap align="left" valign="top">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    <FONT style="font-variant: SMALL-CAPS">Section 10.4
    </FONT>
</DIV>
</TD>
<TD>&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD align="left" valign="bottom">
    <I>Disclosure of Certain Matters</I>
</TD>
<TD>
&nbsp;
</TD>
<TD>&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    A-1-34
</TD>
<TD>&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD>&nbsp;
</TD>
<TD nowrap align="left" valign="top">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    <FONT style="font-variant: SMALL-CAPS">Section 10.5
    </FONT>
</DIV>
</TD>
<TD>&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD align="left" valign="bottom">
    <I>Regulatory and Other Authorizations; Notices and Consents</I>
</TD>
<TD>
&nbsp;
</TD>
<TD>&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    A-1-34
</TD>
<TD>&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD>&nbsp;
</TD>
<TD nowrap align="left" valign="top">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    <FONT style="font-variant: SMALL-CAPS">Section 10.6
    </FONT>
</DIV>
</TD>
<TD>&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    <I>Related Tax</I>
</TD>
<TD>
&nbsp;
</TD>
<TD>&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    A-1-34
</TD>
<TD>&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD>&nbsp;
</TD>
<TD nowrap align="left" valign="top">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    <FONT style="font-variant: SMALL-CAPS">Section 10.7
    </FONT>
</DIV>
</TD>
<TD>&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    <I>Proxy Statement/Prospectus</I>
</TD>
<TD>
&nbsp;
</TD>
<TD>&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    A-1-34
</TD>
<TD>&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD>&nbsp;
</TD>
<TD nowrap align="left" valign="top">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    <FONT style="font-variant: SMALL-CAPS">Section 10.8
    </FONT>
</DIV>
</TD>
<TD>&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD align="left" valign="bottom">
    <I>No Claim Against Trust&#160;Account</I>
</TD>
<TD>
&nbsp;
</TD>
<TD>&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    A-1-35
</TD>
<TD>&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD>&nbsp;
</TD>
<TD nowrap align="left" valign="top">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    <FONT style="font-variant: SMALL-CAPS">Section 10.9
    </FONT>
</DIV>
</TD>
<TD>&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    <I>Restrictive Covenants</I>
</TD>
<TD>
&nbsp;
</TD>
<TD>&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    A-1-35
</TD>
<TD>&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD>&nbsp;
</TD>
<TD nowrap align="left" valign="top">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    ARTICLE XI
</DIV>
</TD>
<TD>&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD align="left" valign="bottom">
    Covenants of Ideation
</TD>
<TD>
&nbsp;
</TD>
<TD>&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    A-1-36
</TD>
<TD>&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD>&nbsp;
</TD>
<TD nowrap align="left" valign="top">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    <FONT style="font-variant: SMALL-CAPS">Section 11.1
    </FONT>
</DIV>
</TD>
<TD>&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD align="left" valign="bottom">
    <I>Proxy Statement/Prospectus Filing, SEC Filings and Special
    Meeting</I>
</TD>
<TD>
&nbsp;
</TD>
<TD>&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    A-1-36
</TD>
<TD>&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD>&nbsp;
</TD>
<TD nowrap align="left" valign="top">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    <FONT style="font-variant: SMALL-CAPS">Section 11.2
    </FONT>
</DIV>
</TD>
<TD>&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    <I>Further Assurances</I>
</TD>
<TD>
&nbsp;
</TD>
<TD>&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    A-1-37
</TD>
<TD>&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD>&nbsp;
</TD>
<TD nowrap align="left" valign="top">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    <FONT style="font-variant: SMALL-CAPS">Section 11.3
    </FONT>
</DIV>
</TD>
<TD>&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD align="left" valign="bottom">
    <I>Disclosure of Certain Matters</I>
</TD>
<TD>
&nbsp;
</TD>
<TD>&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    A-1-37
</TD>
<TD>&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD>&nbsp;
</TD>
<TD nowrap align="left" valign="top">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    <FONT style="font-variant: SMALL-CAPS">Section 11.4
    </FONT>
</DIV>
</TD>
<TD>&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD align="left" valign="bottom">
    <I>Regulatory and Other Authorizations; Notices and Consents</I>
</TD>
<TD>
&nbsp;
</TD>
<TD>&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    A-1-37
</TD>
<TD>&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD>&nbsp;
</TD>
<TD nowrap align="left" valign="top">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    <FONT style="font-variant: SMALL-CAPS">Section 11.5
    </FONT>
</DIV>
</TD>
<TD>&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD align="left" valign="bottom">
    <I>Exclusivity; No Other Negotiations</I>
</TD>
<TD>
&nbsp;
</TD>
<TD>&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    A-1-37
</TD>
<TD>&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD>&nbsp;
</TD>
<TD nowrap align="left" valign="top">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    <FONT style="font-variant: SMALL-CAPS">Section 11.6
    </FONT>
</DIV>
</TD>
<TD>&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    <I>Related Tax</I>
</TD>
<TD>
&nbsp;
</TD>
<TD>&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    A-1-37
</TD>
<TD>&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD>&nbsp;
</TD>
<TD nowrap align="left" valign="top">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    <FONT style="font-variant: SMALL-CAPS">Section 11.7
    </FONT>
</DIV>
</TD>
<TD>&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD align="left" valign="bottom">
    <I>Valid Issuance of ID Cayman Shares</I>
</TD>
<TD>
&nbsp;
</TD>
<TD>&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    A-1-37
</TD>
<TD>&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD>&nbsp;
</TD>
<TD nowrap align="left" valign="top">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    ARTICLE XII
</DIV>
</TD>
<TD>&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD align="left" valign="bottom">
    Additional Agreements and Covenants
</TD>
<TD>
&nbsp;
</TD>
<TD>&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    A-1-38
</TD>
<TD>&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD>&nbsp;
</TD>
<TD nowrap align="left" valign="top">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    <FONT style="font-variant: SMALL-CAPS">Section 12.1
    </FONT>
</DIV>
</TD>
<TD>&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    <I>Disclosure Schedules</I>
</TD>
<TD>
&nbsp;
</TD>
<TD>&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    A-1-38
</TD>
<TD>&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD>&nbsp;
</TD>
<TD nowrap align="left" valign="top">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    <FONT style="font-variant: SMALL-CAPS">Section 12.2
    </FONT>
</DIV>
</TD>
<TD>&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    <I>Confidentiality</I>
</TD>
<TD>
&nbsp;
</TD>
<TD>&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    A-1-38
</TD>
<TD>&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD>&nbsp;
</TD>
<TD nowrap align="left" valign="top">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    <FONT style="font-variant: SMALL-CAPS">Section 12.3
    </FONT>
</DIV>
</TD>
<TD>&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    <I>Public Announcements</I>
</TD>
<TD>
&nbsp;
</TD>
<TD>&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    A-1-38
</TD>
<TD>&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD>&nbsp;
</TD>
<TD nowrap align="left" valign="top">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    <FONT style="font-variant: SMALL-CAPS">Section 12.4
    </FONT>
</DIV>
</TD>
<TD>&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    <I>Board Composition</I>
</TD>
<TD>
&nbsp;
</TD>
<TD>&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    A-1-38
</TD>
<TD>&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD>&nbsp;
</TD>
<TD nowrap align="left" valign="top">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    <FONT style="font-variant: SMALL-CAPS">Section 12.5
    </FONT>
</DIV>
</TD>
<TD>&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD align="left" valign="bottom">
    <I>Fees and Expenses</I>
</TD>
<TD>
&nbsp;
</TD>
<TD>&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    A-1-39
</TD>
<TD>&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD>&nbsp;
</TD>
<TD nowrap align="left" valign="top">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    <FONT style="font-variant: SMALL-CAPS">Section 12.6
    </FONT>
</DIV>
</TD>
<TD>&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD align="left" valign="bottom">
    <I>Director and Officer Insurance</I>
</TD>
<TD>
&nbsp;
</TD>
<TD>&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    A-1-39
</TD>
<TD>&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD>&nbsp;
</TD>
<TD nowrap align="left" valign="top">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    <FONT style="font-variant: SMALL-CAPS">Section 12.7
    </FONT>
</DIV>
</TD>
<TD>&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    <I>Tax Elections</I>
</TD>
<TD>
&nbsp;
</TD>
<TD>&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    A-1-39
</TD>
<TD>&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD>&nbsp;
</TD>
<TD nowrap align="left" valign="top">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    <FONT style="font-variant: SMALL-CAPS">Section 12.8
    </FONT>
</DIV>
</TD>
<TD>&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD align="left" valign="bottom">
    <I>Exemption of Transaction</I>
</TD>
<TD>
&nbsp;
</TD>
<TD>&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    A-1-39
</TD>
<TD>&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD>&nbsp;
</TD>
<TD nowrap align="left" valign="top">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    <FONT style="font-variant: SMALL-CAPS">Section 12.9
    </FONT>
</DIV>
</TD>
<TD>&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    <I>Series&#160;D Financing</I>
</TD>
<TD>
&nbsp;
</TD>
<TD>&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    A-1-39
</TD>
<TD>&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD>&nbsp;
</TD>
<TD nowrap align="left" valign="top">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    <FONT style="font-variant: SMALL-CAPS">Section 12.10
    </FONT>
</DIV>
</TD>
<TD>&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD align="left" valign="bottom">
    <I>Covenants of the Frost Group</I>
</TD>
<TD>
&nbsp;
</TD>
<TD>&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    A-1-39
</TD>
<TD>&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD>&nbsp;
</TD>
<TD nowrap align="left" valign="top">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    ARTICLE XIII
</DIV>
</TD>
<TD>&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD align="left" valign="bottom">
    Conditions to Closing
</TD>
<TD>
&nbsp;
</TD>
<TD>&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    A-1-42
</TD>
<TD>&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD>&nbsp;
</TD>
<TD nowrap align="left" valign="top">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    <FONT style="font-variant: SMALL-CAPS">Section 13.1
    </FONT>
</DIV>
</TD>
<TD>&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD align="left" valign="bottom">
    <I>SM Parties Conditions Precedent</I>
</TD>
<TD>
&nbsp;
</TD>
<TD>&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    A-1-42
</TD>
<TD>&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD>&nbsp;
</TD>
<TD nowrap align="left" valign="top">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    <FONT style="font-variant: SMALL-CAPS">Section 13.2
    </FONT>
</DIV>
</TD>
<TD>&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD align="left" valign="bottom">
    <I>Ideation Conditions Precedent</I>
</TD>
<TD>
&nbsp;
</TD>
<TD>&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    A-1-43
</TD>
<TD>&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD>&nbsp;
</TD>
<TD nowrap align="left" valign="top">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    ARTICLE XIV
</DIV>
</TD>
<TD>&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    Indemnification
</TD>
<TD>
&nbsp;
</TD>
<TD>&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    A-1-45
</TD>
<TD>&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD>&nbsp;
</TD>
<TD nowrap align="left" valign="top">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    <FONT style="font-variant: SMALL-CAPS">Section 14.1
    </FONT>
</DIV>
</TD>
<TD>&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    <I>Survival</I>
</TD>
<TD>
&nbsp;
</TD>
<TD>&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    A-1-45
</TD>
<TD>&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD>&nbsp;
</TD>
<TD nowrap align="left" valign="top">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    <FONT style="font-variant: SMALL-CAPS">Section 14.2
    </FONT>
</DIV>
</TD>
<TD>&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD align="left" valign="bottom">
    <I>Indemnification by the SM Shareholders and Linden Ventures</I>
</TD>
<TD>
&nbsp;
</TD>
<TD>&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    A-1-45
</TD>
<TD>&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD>&nbsp;
</TD>
<TD nowrap align="left" valign="top">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    <FONT style="font-variant: SMALL-CAPS">Section 14.3
    </FONT>
</DIV>
</TD>
<TD>&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD align="left" valign="bottom">
    <I>Indemnification by Ideation</I>
</TD>
<TD>
&nbsp;
</TD>
<TD>&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    A-1-46
</TD>
<TD>&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD>&nbsp;
</TD>
<TD nowrap align="left" valign="top">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    <FONT style="font-variant: SMALL-CAPS">Section 14.4
    </FONT>
</DIV>
</TD>
<TD>&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD align="left" valign="bottom">
    <I>Limitations on Indemnity</I>
</TD>
<TD>
&nbsp;
</TD>
<TD>&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    A-1-46
</TD>
<TD>&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD>&nbsp;
</TD>
<TD nowrap align="left" valign="top">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    <FONT style="font-variant: SMALL-CAPS">Section 14.5
    </FONT>
</DIV>
</TD>
<TD>&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD align="left" valign="bottom">
    <I>Defense of Third Party Claims</I>
</TD>
<TD>
&nbsp;
</TD>
<TD>&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    A-1-47
</TD>
<TD>&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD>&nbsp;
</TD>
<TD nowrap align="left" valign="top">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    <FONT style="font-variant: SMALL-CAPS">Section&#160;14.6
    </FONT>
</DIV>
</TD>
<TD>&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD align="left" valign="bottom">
    <I>Tax Benefits; Reserves; Insurance</I>
</TD>
<TD>
&nbsp;
</TD>
<TD>&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    A-1-48
</TD>
<TD>&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD>&nbsp;
</TD>
<TD nowrap align="left" valign="top">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    <FONT style="font-variant: SMALL-CAPS">Section 14.7
    </FONT>
</DIV>
</TD>
<TD>&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD align="left" valign="bottom">
    <I>Limitation on Recourse; No Third Party Beneficiaries</I>
</TD>
<TD>
&nbsp;
</TD>
<TD>&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    A-1-48
</TD>
<TD>&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD>&nbsp;
</TD>
<TD nowrap align="left" valign="top">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    ARTICLE XV
</DIV>
</TD>
<TD>&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    Termination
</TD>
<TD>
&nbsp;
</TD>
<TD>&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    A-1-48
</TD>
<TD>&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD>&nbsp;
</TD>
<TD nowrap align="left" valign="top">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    <FONT style="font-variant: SMALL-CAPS">Section 15.1
    </FONT>
</DIV>
</TD>
<TD>&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD align="left" valign="bottom">
    <I>Methods of Termination</I>
</TD>
<TD>
&nbsp;
</TD>
<TD>&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    A-1-48
</TD>
<TD>&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD>&nbsp;
</TD>
<TD nowrap align="left" valign="top">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    <FONT style="font-variant: SMALL-CAPS">Section 15.2
    </FONT>
</DIV>
</TD>
<TD>&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD align="left" valign="bottom">
    <I>Effect of Termination</I>
</TD>
<TD>
&nbsp;
</TD>
<TD>&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    A-1-49
</TD>
<TD>&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD>&nbsp;
</TD>
<TD nowrap align="left" valign="top">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    <FONT style="font-variant: SMALL-CAPS">Section 15.3
    </FONT>
</DIV>
</TD>
<TD>&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD align="left" valign="bottom">
    <I>Reimbursement of Fees and Expenses</I>
</TD>
<TD>
&nbsp;
</TD>
<TD>&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    A-1-49
</TD>
<TD>&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD>&nbsp;
</TD>
<TD nowrap align="left" valign="top">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    ARTICLE XVI
</DIV>
</TD>
<TD>&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    Miscellaneous
</TD>
<TD>
&nbsp;
</TD>
<TD>&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    A-1-50
</TD>
<TD>&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD>&nbsp;
</TD>
<TD nowrap align="left" valign="top">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    <FONT style="font-variant: SMALL-CAPS">Section 16.1
    </FONT>
</DIV>
</TD>
<TD>&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    <I>Notices</I>
</TD>
<TD>
&nbsp;
</TD>
<TD>&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    A-1-50
</TD>
<TD>&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD>&nbsp;
</TD>
<TD nowrap align="left" valign="top">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    <FONT style="font-variant: SMALL-CAPS">Section 16.2
    </FONT>
</DIV>
</TD>
<TD>&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD align="left" valign="bottom">
    <I>Amendments; Waivers; No Additional Consideration</I>
</TD>
<TD>
&nbsp;
</TD>
<TD>&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    A-1-51
</TD>
<TD>&nbsp;
</TD>
</TR>
</TABLE>

<P align="center" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <BR>
    A-1-iii
</DIV><!-- END PAGE WIDTH -->
<!-- PAGEBREAK -->
<P><HR noshade><P>

<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->

<TABLE border="0" width="100%" align="center" cellpadding="0" cellspacing="0" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
<!-- Table Width Row BEGIN -->
<TR style="font-size: 1pt" valign="bottom">
    <TD width="7%">&nbsp;</TD>	<!-- colindex=01 type=quadleft -->
    <TD width="1%">&nbsp;</TD>	<!-- colindex=01 type=maindata -->
    <TD width="7%">&nbsp;</TD>	<!-- colindex=01 type=quadright -->
    <TD width="2%">&nbsp;</TD>	<!-- colindex=02 type=gutter -->
    <TD width="75%">&nbsp;</TD>	<!-- colindex=02 type=maindata -->
    <TD width="2%">&nbsp;</TD>	<!-- colindex=03 type=gutter -->
    <TD width="2%">&nbsp;</TD>	<!-- colindex=03 type=quadleft -->
    <TD width="1%">&nbsp;</TD>	<!-- colindex=03 type=maindata -->
    <TD width="2%">&nbsp;</TD>	<!-- colindex=03 type=quadright -->
</TR>
<!-- Table Width Row END -->
<TR valign="bottom">
<TD>&nbsp;
</TD>
<TD nowrap align="left" valign="top">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    <FONT style="font-variant: SMALL-CAPS">Section 16.3
    </FONT>
</DIV>
</TD>
<TD>&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    <I>Withholding Rights</I>
</TD>
<TD>
&nbsp;
</TD>
<TD>&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    A-1-51
</TD>
<TD>&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD>&nbsp;
</TD>
<TD nowrap align="left" valign="top">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    <FONT style="font-variant: SMALL-CAPS">Section 16.4
    </FONT>
</DIV>
</TD>
<TD>&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD align="left" valign="bottom">
    <I>Estimates, Projections and Forecasts</I>
</TD>
<TD>
&nbsp;
</TD>
<TD>&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    A-1-51
</TD>
<TD>&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD>&nbsp;
</TD>
<TD nowrap align="left" valign="top">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    <FONT style="font-variant: SMALL-CAPS">Section 16.5
    </FONT>
</DIV>
</TD>
<TD>&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD align="left" valign="bottom">
    <I>SM Shareholders&#146; Representatives</I>
</TD>
<TD>
&nbsp;
</TD>
<TD>&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    A-1-51
</TD>
<TD>&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD>&nbsp;
</TD>
<TD nowrap align="left" valign="top">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    <FONT style="font-variant: SMALL-CAPS">Section 16.6
    </FONT>
</DIV>
</TD>
<TD>&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    <I>Interpretation</I>
</TD>
<TD>
&nbsp;
</TD>
<TD>&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    A-1-53
</TD>
<TD>&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD>&nbsp;
</TD>
<TD nowrap align="left" valign="top">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    <FONT style="font-variant: SMALL-CAPS">Section 16.7
    </FONT>
</DIV>
</TD>
<TD>&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    <I>Severability</I>
</TD>
<TD>
&nbsp;
</TD>
<TD>&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    A-1-53
</TD>
<TD>&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD>&nbsp;
</TD>
<TD nowrap align="left" valign="top">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    <FONT style="font-variant: SMALL-CAPS">Section 16.8
    </FONT>
</DIV>
</TD>
<TD>&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD align="left" valign="bottom">
    <I>Counterparts; Facsimile Execution</I>
</TD>
<TD>
&nbsp;
</TD>
<TD>&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    A-1-53
</TD>
<TD>&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD>&nbsp;
</TD>
<TD nowrap align="left" valign="top">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    <FONT style="font-variant: SMALL-CAPS">Section 16.9
    </FONT>
</DIV>
</TD>
<TD>&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD align="left" valign="bottom">
    <I>Entire Agreement; Third-Party Beneficiaries</I>
</TD>
<TD>
&nbsp;
</TD>
<TD>&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    A-1-53
</TD>
<TD>&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD>&nbsp;
</TD>
<TD nowrap align="left" valign="top">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    <FONT style="font-variant: SMALL-CAPS">Section 16.10
    </FONT>
</DIV>
</TD>
<TD>&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    <I>Governing Law</I>
</TD>
<TD>
&nbsp;
</TD>
<TD>&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    A-1-54
</TD>
<TD>&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD>&nbsp;
</TD>
<TD nowrap align="left" valign="top">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    <FONT style="font-variant: SMALL-CAPS">Section 16.11
    </FONT>
</DIV>
</TD>
<TD>&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    <I>Dispute Resolution</I>
</TD>
<TD>
&nbsp;
</TD>
<TD>&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    A-1-54
</TD>
<TD>&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD>&nbsp;
</TD>
<TD nowrap align="left" valign="top">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    <FONT style="font-variant: SMALL-CAPS">Section 16.12
    </FONT>
</DIV>
</TD>
<TD>&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    <I>Assignment</I>
</TD>
<TD>
&nbsp;
</TD>
<TD>&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    A-1-54
</TD>
<TD>&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD>&nbsp;
</TD>
<TD nowrap align="left" valign="top">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    <FONT style="font-variant: SMALL-CAPS">Section 16.13
    </FONT>
</DIV>
</TD>
<TD>&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    <I>Governing Language</I>
</TD>
<TD>
&nbsp;
</TD>
<TD>&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    A-1-54
</TD>
<TD>&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD>&nbsp;
</TD>
<TD nowrap align="left" valign="top">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    <FONT style="font-variant: SMALL-CAPS">Section 16.14
    </FONT>
</DIV>
</TD>
<TD>&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD align="left" valign="bottom">
    <I>Liability Not Affected by Knowledge or Waiver</I>
</TD>
<TD>
&nbsp;
</TD>
<TD>&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    A-1-54
</TD>
<TD>&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD>&nbsp;
</TD>
<TD nowrap align="left" valign="top">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    <FONT style="font-variant: SMALL-CAPS">Section&#160;16.15
    </FONT>
</DIV>
</TD>
<TD>&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD align="left" valign="bottom">
    <I>Exhibits and Schedules</I>
</TD>
<TD>
&nbsp;
</TD>
<TD>&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    A-1-54
</TD>
<TD>&nbsp;
</TD>
</TR>
</TABLE>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">

</DIV>

<DIV align="left">
<!-- /TOC -->
</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>
<DIV align="left">
<!-- TOC -->
</DIV>

<DIV align="left">
<A name="tocpage"></A>
</DIV>

<TABLE border="0" width="100%" align="center" cellpadding="0" cellspacing="0" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
<!-- Table Width Row BEGIN -->
<TR style="font-size: 1pt" valign="bottom">
    <TD width="9%">&nbsp;</TD>	<!-- colindex=01 type=quadleft -->
    <TD width="1%">&nbsp;</TD>	<!-- colindex=01 type=maindata -->
    <TD width="9%">&nbsp;</TD>	<!-- colindex=01 type=quadright -->
    <TD width="2%">&nbsp;</TD>	<!-- colindex=02 type=gutter -->
    <TD width="75%">&nbsp;</TD>	<!-- colindex=02 type=maindata -->
    <TD width="2%">&nbsp;</TD>	<!-- colindex=03 type=gutter -->
    <TD width="1%">&nbsp;</TD>	<!-- colindex=03 type=quadleft -->
    <TD width="1%">&nbsp;</TD>	<!-- colindex=03 type=maindata -->
    <TD width="1%">&nbsp;</TD>	<!-- colindex=03 type=quadright -->
</TR>
<!-- Table Width Row END -->
<TR valign="bottom">
<TD>&nbsp;
</TD>
<TD nowrap align="left" valign="top">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    <B>ANNEX</B>
</DIV>
</TD>
<TD>&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD>&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD>&nbsp;
</TD>
<TD nowrap align="left" valign="top">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    ANNEX A
</DIV>
</TD>
<TD>&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    Definitions
</TD>
<TD>
&nbsp;
</TD>
<TD>&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD>&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD>&nbsp;
</TD>
<TD nowrap align="left" valign="top">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    <B>EXHIBITS</B>
</DIV>
</TD>
<TD>&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD>&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD>&nbsp;
</TD>
<TD nowrap align="left" valign="top">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    EXHIBIT A
</DIV>
</TD>
<TD>&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD align="left" valign="bottom">
    Memorandum and Articles of Association of SearchMedia Holdings
    Limited
</TD>
<TD>
&nbsp;
</TD>
<TD>&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD>&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD>&nbsp;
</TD>
<TD nowrap align="left" valign="top">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    EXHIBIT B
</DIV>
</TD>
<TD>&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD align="left" valign="bottom">
    Form of New Warrant
</TD>
<TD>
&nbsp;
</TD>
<TD>&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD>&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD>&nbsp;
</TD>
<TD nowrap align="left" valign="top">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    EXHIBIT C
</DIV>
</TD>
<TD>&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD align="left" valign="bottom">
    Forms of Ideation Legal Opinions
</TD>
<TD>
&nbsp;
</TD>
<TD>&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD>&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD>&nbsp;
</TD>
<TD nowrap align="left" valign="top">
&nbsp;
</TD>
<TD>&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD align="left" valign="bottom">
    C-1 Form of Delaware Opinion
</TD>
<TD>
&nbsp;
</TD>
<TD>&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD>&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD>&nbsp;
</TD>
<TD nowrap align="left" valign="top">
&nbsp;
</TD>
<TD>&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD align="left" valign="bottom">
    C-2 Form of Arizona Opinion
</TD>
<TD>
&nbsp;
</TD>
<TD>&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD>&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD>&nbsp;
</TD>
<TD nowrap align="left" valign="top">
&nbsp;
</TD>
<TD>&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD align="left" valign="bottom">
    C-3 Form of Cayman Islands Opinion
</TD>
<TD>
&nbsp;
</TD>
<TD>&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD>&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD>&nbsp;
</TD>
<TD nowrap align="left" valign="top">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    EXHIBIT D
</DIV>
</TD>
<TD>&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD align="left" valign="bottom">
    Forms of SM Legal Opinions
</TD>
<TD>
&nbsp;
</TD>
<TD>&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD>&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD>&nbsp;
</TD>
<TD nowrap align="left" valign="top">
&nbsp;
</TD>
<TD>&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD align="left" valign="bottom">
    D-1 Form of PRC Opinion
</TD>
<TD>
&nbsp;
</TD>
<TD>&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD>&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD>&nbsp;
</TD>
<TD nowrap align="left" valign="top">
&nbsp;
</TD>
<TD>&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD align="left" valign="bottom">
    D-2 Form of Cayman Islands Opinion
</TD>
<TD>
&nbsp;
</TD>
<TD>&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD>&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD>&nbsp;
</TD>
<TD nowrap align="left" valign="top">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    EXHIBIT E
</DIV>
</TD>
<TD>&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD align="left" valign="bottom">
    Investor Representation Letter
</TD>
<TD>
&nbsp;
</TD>
<TD>&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD>&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD>&nbsp;
</TD>
<TD nowrap align="left" valign="top">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    EXHIBIT F-1
</DIV>
</TD>
<TD>&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD align="left" valign="bottom">
    Form of
    <FONT style="white-space: nowrap">Lock-Up</FONT>
    Agreement
</TD>
<TD>
&nbsp;
</TD>
<TD>&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD>&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD>&nbsp;
</TD>
<TD nowrap align="left" valign="top">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    EXHIBIT F-2
</DIV>
</TD>
<TD>&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD align="left" valign="bottom">
    Form of Management
    <FONT style="white-space: nowrap">Lock-Up</FONT>
    Agreement
</TD>
<TD>
&nbsp;
</TD>
<TD>&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD>&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD>&nbsp;
</TD>
<TD nowrap align="left" valign="top">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    EXHIBIT G
</DIV>
</TD>
<TD>&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD align="left" valign="bottom">
    Form of Registration Rights Agreement
</TD>
<TD>
&nbsp;
</TD>
<TD>&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD>&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD>&nbsp;
</TD>
<TD nowrap align="left" valign="top">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    EXHIBIT H
</DIV>
</TD>
<TD>&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD align="left" valign="bottom">
    Form of Voting Agreement
</TD>
<TD>
&nbsp;
</TD>
<TD>&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD>&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD>&nbsp;
</TD>
<TD nowrap align="left" valign="top">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    <B>SCHEDULES</B>
</DIV>
</TD>
<TD>&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD>&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD>&nbsp;
</TD>
<TD nowrap align="left" valign="top">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    SCHEDULE A
</DIV>
</TD>
<TD>&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    SM Entities
</TD>
<TD>
&nbsp;
</TD>
<TD>&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD>&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD>&nbsp;
</TD>
<TD nowrap align="left" valign="top">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    SCHEDULE B
</DIV>
</TD>
<TD>&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD align="left" valign="bottom">
    SM Share Ownership
</TD>
<TD>
&nbsp;
</TD>
<TD>&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD>&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD>&nbsp;
</TD>
<TD nowrap align="left" valign="top">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    SCHEDULE B-1
</DIV>
</TD>
<TD>&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD align="left" valign="bottom">
    Other SM Share Ownership
</TD>
<TD>
&nbsp;
</TD>
<TD>&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD>&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD>&nbsp;
</TD>
<TD nowrap align="left" valign="top">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    SCHEDULE C
</DIV>
</TD>
<TD>&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    Share Allocation
</TD>
<TD>
&nbsp;
</TD>
<TD>&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD>&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD>&nbsp;
</TD>
<TD nowrap align="left" valign="top">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    SCHEDULE D
</DIV>
</TD>
<TD>&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD align="left" valign="bottom">
    SM Disclosure Schedule
</TD>
<TD>
&nbsp;
</TD>
<TD>&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD>&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD>&nbsp;
</TD>
<TD nowrap align="left" valign="top">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    SCHEDULE E
</DIV>
</TD>
<TD>&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD align="left" valign="bottom">
    Ideation Disclosure Schedule
</TD>
<TD>
&nbsp;
</TD>
<TD>&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD>&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD>&nbsp;
</TD>
<TD nowrap align="left" valign="top">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    SCHEDULE 9.6
</DIV>
</TD>
<TD>&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD align="left" valign="bottom">
    Other Pre-Closing Covenants
</TD>
<TD>
&nbsp;
</TD>
<TD>&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD>&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD>&nbsp;
</TD>
<TD nowrap align="left" valign="top">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    SCHEDULE 13.1(q)
</DIV>
</TD>
<TD>&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD align="left" valign="bottom">
    Ideation Required Consents
</TD>
<TD>
&nbsp;
</TD>
<TD>&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD>&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD>&nbsp;
</TD>
<TD nowrap align="left" valign="top">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    SCHEDULE 13.2(m)
</DIV>
</TD>
<TD>&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD align="left" valign="bottom">
    SearchMedia Required Consents
</TD>
<TD>
&nbsp;
</TD>
<TD>&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD>&nbsp;
</TD>
</TR>
</TABLE>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">

</DIV>

<DIV align="left">
<!-- /TOC -->
</DIV>

<P align="center" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <BR>
    A-1-iv
</DIV><!-- END PAGE WIDTH -->
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<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>

<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->

<DIV align="center" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">AGREEMENT
    AND PLAN OF MERGER, CONVERSION AND SHARE EXCHANGE</FONT></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    AGREEMENT AND PLAN OF MERGER, CONVERSION AND SHARE EXCHANGE,
    dated as of <B>March 31</B>, 2009 (this
    <B><I>&#147;Agreement&#148;</I></B>), by and among IDEATION
    ACQUISITION CORP., a corporation incorporated in the State of
    Delaware, USA <B><I>(&#147;Ideation&#148;)</I></B>, ID ARIZONA
    CORP., a corporation incorporated in the State of Arizona, USA
    and a wholly-owned subsidiary of Ideation <B><I>(&#147;ID
    Arizona&#148;)</I></B>, each of the entities identified on
    <I>Schedule&#160;A </I>hereto (the <B><I>&#147;SM
    Entities,&#148;</I></B> and each, an <B><I>&#147;SM
    Entity&#148;</I></B>), each of the shareholders of SM Cayman
    identified on <I>Schedule&#160;B </I>hereto (each, a
    <B><I>&#147;SM Shareholder,&#148; </I></B>and collectively as
    the <B><I>&#147;SM Shareholders&#148;</I></B>) and the
    shareholder of SM Cayman identified on
    <I><FONT style="white-space: nowrap">Schedule&#160;B-1</FONT>
    </I>hereto (the <B><I>&#147;Non-signing SM
    Shareholder&#148;</I></B>) (it being understood that this
    Agreement is executed on behalf of the Non-signing SM
    Shareholder by Qinying Liu (the <B><I>&#147;Designated
    Agent&#148;</I></B>), which action has been duly authorized, in
    accordance with Article&#160;153 of the Company Memorandum (as
    defined herein), by the board of directors of the Company, each
    of the SM Warrantholders identified on <I>Schedule&#160;B
    </I>hereto, each of the SM Shareholders&#146; Representatives
    and The Frost Group, LLC, a limited liability company organized
    under the laws of the State of Delaware, USA (the
    <B><I>&#147;Frost Group&#148;</I></B>). Each SM Entity, each SM
    Shareholder, the Non-signing SM Shareholder and the SM
    Warrantholders (other than Linden Ventures) is sometimes
    individually referred to herein as a <B><I>&#147;SM Party,&#148;
    </I></B>and collectively as the <B><I>&#147;SM Parties.&#148;
    </I></B>Each of the Parties to this Agreement is individually
    referred to herein as a <B><I>&#147;Party&#148; </I></B>and
    collectively as the <B><I>&#147;Parties.&#148;
    </I></B>Capitalized terms used herein that are not otherwise
    defined herein shall have the meanings ascribed to them in
    <I>Annex&#160;A </I>hereto.
</DIV>

<DIV style="margin-top: 18pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">BACKGROUND</FONT></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Ideation has formed a wholly-owned subsidiary, ID Arizona,
    solely for the purposes of (1)&#160;the merger of Ideation with
    and into ID Arizona pursuant to Section&#160;253 of the General
    Corporation Law of the State of Delaware (the
    <B><I>&#147;DGCL&#148;</I></B>) and
    <FONT style="white-space: nowrap">Section&#160;10-1107</FONT>
    of the Arizona Revised Statutes (the
    <B><I>&#147;ARS&#148;</I></B>) in which ID Arizona will be the
    surviving corporation (the <B><I>&#147;Merger&#148;</I></B>),
    (2)&#160;the subsequent conversion of ID Arizona into a Cayman
    Islands company by a transfer of domicile pursuant to
    <FONT style="white-space: nowrap">Section&#160;10-226</FONT>
    of the ARS<I>, </I>(3)&#160;the registration and continuation of
    ID Arizona as a Cayman Islands company pursuant to
    Section&#160;221 of the Cayman Companies Law (the
    <B><I>&#147;Conversion&#148;</I></B>) and (4)&#160;the Share
    Exchange (as defined below). The Cayman Islands company
    resulting from the Conversion will be named SearchMedia Holdings
    Limited or such other name as approved by the SM
    Shareholders&#146; Representatives (<B><I>&#147;ID Cayman,&#148;
    </I></B>and together with Ideation and ID Arizona, the
    <B><I>&#147;Ideation Parties&#148;</I></B>).
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    The Ideation Board and the board of directors of ID Arizona have
    declared this Agreement advisable and approved the Transactions,
    and the Ideation Board has adopted resolutions approving the
    Merger and providing that (i)&#160;each share of Common Stock
    outstanding immediately prior to the Merger Effective Time (as
    defined below) (the <B><I>&#147;Ideation Shares&#148;</I></B>),
    will be automatically converted at the Merger Effective Time
    into one share of common stock, par value US$0.0001 per share,
    of ID Arizona (<B><I>&#147;ID Arizona Common Stock&#148;</I></B>
    or the <B><I>&#147;ID Arizona Shares&#148;)</I></B>; and
    (ii)&#160;all Warrants (including the Purchase Options) to
    purchase an Ideation Share (the <B><I>&#147;Ideation
    Warrants</I></B><I>,&#148; </I>and together with the Ideation
    Shares, the <B><I>&#147;Ideation Securities&#148;</I></B>) will
    be exchanged at the Merger Effective Time for substantially
    equivalent warrants of ID Arizona on an equivalent basis (the
    <B><I>&#147;ID Arizona Warrants,&#148;</I></B> and together with
    the ID Arizona Shares, the <B><I>&#147;ID Arizona
    Securities&#148;)</I></B>.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    The Ideation Board and the board of directors of ID Arizona have
    approved the Conversion, upon the terms and subject to the
    conditions set forth in this Agreement, whereby upon the
    Conversion Effective Time, each outstanding ID Arizona Share
    will be automatically converted into one ordinary share, par
    value US$0.0001 per share, of ID Cayman (the <B><I>&#147;ID
    Cayman Shares&#148;</I></B>) and each ID Arizona Warrant will be
    cancelled and issued as equivalent securities by ID Cayman (the
    <B><I>&#147;ID Cayman Warrants,&#148;</I></B> and together with
    the ID Cayman Shares, the <B><I>&#147;ID Cayman
    Securities&#148;</I></B>) upon registration of ID Cayman in the
    Cayman Islands.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    SM Cayman operates its business through the other Group
    Companies. The SM Shareholders are the direct owners of all of
    the outstanding SM Shares, other than the SM Shares held by the
    Non-signing SM Shareholder, SM Shares issued pursuant to any SM
    Options that are exercised after the date hereof and any SM
    Restricted Shares Awards that become vested after the date
    hereof.
</DIV>

<P align="center" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <BR>
    A-1-1
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<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    The Ideation Board and the board of directors of ID Arizona have
    approved the acquisition of the SM Shares and SM Warrants
    through an exchange transaction (the <B><I>&#147;Share
    Exchange&#148;</I></B>) pursuant to which ID Cayman will issue
    (a)&#160;to the SM Shareholders and the Non-signing SM
    Shareholder, ID Cayman Shares in exchange for the SM Shares and
    (b)&#160;to the holders of SM Warrants identified on
    <I>Schedule&#160;B </I>(the <B><I>&#147;SM
    Warrantholders&#148;</I></B>), warrants to purchase ID Cayman
    Shares (subject to adjustment) in exchange for the SM Warrants,
    in each case on the terms and conditions set forth herein.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    The Merger, the Conversion and the Share Exchange require the
    affirmative vote of the holders of a majority of the issued and
    outstanding Ideation Shares, voting as a group, <I>provided,
    </I>that the Transactions will only proceed if holders of no
    more than 30% of the Ideation Shares issued in the Ideation
    Public Offering exercise their Conversion Rights (it being
    understood that such stockholders or shareholders, as
    applicable, will be the holders of a majority of the issued and
    outstanding ID Arizona Shares that are entitled to vote
    immediately prior to the Conversion and the holders of a
    majority of the issued and outstanding ID Cayman Shares that are
    entitled to vote immediately prior to the Share Exchange since
    the Merger, Conversion and Share Exchange shall happen as close
    to simultaneously as permitted by the applicable Legal
    Requirements).
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    The Conversion and the Share Exchange, which will take place
    immediately after the Conversion, are part of the same
    integrated transaction, such that neither the Conversion nor the
    Share Exchange shall occur without the other.
</DIV>

<DIV style="margin-top: 18pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">AGREEMENT</FONT></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    NOW, THEREFORE, in consideration of the foregoing and the
    respective representations, warranties, covenants and agreements
    set forth herein, and intending to be legally bound hereby, the
    Parties agree as follows:
</DIV>

<DIV style="margin-top: 18pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <FONT style="font-family: 'Times New Roman', Times">ARTICLE&#160;I<BR>
    </FONT>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <FONT style="font-family: 'Times New Roman', Times">The Merger
    </FONT>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <FONT style="font-variant: SMALL-CAPS">Section&#160;</FONT>1.1&#160;&#160;<I>The
    Merger.</I>&#160;&#160;At the Merger Effective Time (as defined
    in Section&#160;1.2), Ideation will be merged with and into ID
    Arizona in accordance with Section&#160;253 of the DGCL,
    <FONT style="white-space: nowrap">Section&#160;10-1107</FONT>
    of the ARS and this Agreement, and the separate corporate
    existence of Ideation will thereupon cease. ID Arizona
    (sometimes hereinafter referred to as the <B><I>&#147;Surviving
    Corporation&#148;</I></B>) will be the surviving corporation in
    the Merger. The Merger will have the effects specified in the
    DGCL and the ARS.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <FONT style="font-variant: SMALL-CAPS">Section&#160;</FONT>1.2&#160;&#160;<I>Filing
    of Certificate of Ownership and Merger; Merger Effective
    Time.</I>&#160;&#160;As soon as practicable following the
    satisfaction or, to the extent permitted by applicable Legal
    Requirements, waiver of the conditions to the Closing set forth
    in Article&#160;XIII, if this Agreement shall not have been
    terminated prior thereto as provided in Section&#160;15.1,
    Ideation and ID Arizona shall cause (a)&#160;a certificate of
    ownership and merger (the <B><I>&#147;Certificate of
    Merger&#148;</I></B>) meeting the requirements of
    Section&#160;253 of the DGCL to be properly executed and filed
    in accordance with the applicable requirements of the DGCL, and
    (b)&#160;articles of merger (the <B><I>&#147;Articles of
    Merger&#148;</I></B>) meeting the requirements of
    <FONT style="white-space: nowrap">Section&#160;10-1105</FONT>
    of the ARS to be properly executed and filed in accordance with
    such section. The Merger shall become effective at the time
    designated in the Certificate of Merger and the Articles of
    Merger as the effective time of the Merger that the Parties
    shall have agreed upon and designated (the <B><I>&#147;Merger
    Effective Time&#148;</I></B>). Notwithstanding the foregoing,
    the Parties shall designate a time for the Merger Effective Time
    that will be the later of (A)&#160;the time of filing of the
    Certificate of Merger with the Secretary of State of the State
    of Delaware in accordance with the DGCL, and (B)&#160;the time
    of issuance of a certificate of merger with respect to the
    Articles of Merger by the Arizona Corporation Commission in
    accordance with the ARS.
</DIV>

<P align="center" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <BR>
    A-1-2
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<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>

<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->

<DIV align="center" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <FONT style="font-family: 'Times New Roman', Times">ARTICLE&#160;II<BR>
    </FONT>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <FONT style="font-family: 'Times New Roman', Times">Conversion
    </FONT>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <FONT style="font-variant: SMALL-CAPS">Section&#160;</FONT>2.1&#160;&#160;<I>The
    Conversion.</I>&#160;&#160;The Conversion will take place
    immediately after the Merger Effective Time. Subject to the
    terms and conditions of this Agreement, at the Conversion
    Effective Time (as defined in Section&#160;2.2 below), ID
    Arizona shall convert to ID Cayman in accordance with this
    Agreement and shall thereupon continue its existence, without
    interruption, in the organizational form of a Cayman Islands
    exempted company rather than an Arizona corporation. The
    Conversion shall have the effects specified in the relevant
    sections of the ARS and the Cayman Companies Law. The Conversion
    and the Share Exchange are part of the same integrated
    transaction, such that neither the Conversion nor the Share
    Exchange shall occur without the other.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <FONT style="font-variant: SMALL-CAPS">Section&#160;</FONT>2.2&#160;&#160;<I>Registration
    by Way of Continuation; Conversion Effective
    Time.</I>&#160;&#160;As soon as practicable following the
    satisfaction or, to the extent permitted by applicable Legal
    Requirements, waiver of the conditions to the Closing set forth
    in Article&#160;XIII, if this Agreement shall not have been
    terminated prior thereto as provided in Section&#160;15.1, ID
    Cayman shall register by way of continuation as an exempted
    company under the Cayman Companies Law and file the relevant
    documents with the Registrar of Companies in the Cayman Islands
    in accordance with the Cayman Companies Law and the Arizona
    Corporation Commission in accordance with the relevant sections
    of the ARS. The Conversion shall become effective at the later
    of (1)&#160;the time of issuance by the Cayman Islands of a
    certificate of registration by way of continuation as an
    exempted company with respect to ID Cayman, and (2)&#160;the
    time of issuance of a certificate recognizing the Conversion by
    the Arizona Corporation Commission in accordance with the ARS
    (the <B><I>&#147;Conversion Effective Time&#148;</I></B>).
</DIV>

<DIV style="margin-top: 18pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <FONT style="font-family: 'Times New Roman', Times">ARTICLE&#160;III<BR>
    </FONT>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <FONT style="font-family: 'Times New Roman', Times">Charter
    Documents, Directors and Officers of Surviving Corporation and
    ID Cayman
    </FONT>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <FONT style="font-variant: SMALL-CAPS">Section&#160;</FONT>3.1&#160;&#160;<I>Articles
    of Incorporation of Surviving Corporation.</I>&#160;&#160;The
    Articles of Incorporation of ID Arizona in effect immediately
    prior to the Merger Effective Time shall be the Articles of
    Incorporation of the Surviving Corporation, until duly amended
    in accordance with applicable Legal Requirements.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <FONT style="font-variant: SMALL-CAPS">Section&#160;</FONT>3.2&#160;&#160;<I>Bylaws
    of Surviving Corporation.</I>&#160;&#160;The bylaws of ID
    Arizona in effect immediately prior to the Merger Effective Time
    shall be the bylaws of the Surviving Corporation, until duly
    amended in accordance with applicable Legal Requirements.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <FONT style="font-variant: SMALL-CAPS">Section&#160;</FONT>3.3&#160;&#160;<I>Directors
    of Surviving Corporation.</I>&#160;&#160;The directors of
    Ideation immediately prior to the Merger Effective Time shall be
    the directors of the Surviving Corporation, until the earlier of
    their death, resignation or removal or until their respective
    successors are duly elected and qualified, as the case may be.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <FONT style="font-variant: SMALL-CAPS">Section&#160;</FONT>3.4&#160;&#160;<I>Officers
    of Surviving Corporation.</I>&#160;&#160;The officers of
    Ideation immediately prior to the Merger Effective Time shall be
    the officers of the Surviving Corporation, until the earlier of
    their death, resignation or removal or until their respective
    successors are duly elected and qualified, as the case may be.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <FONT style="font-variant: SMALL-CAPS">Section&#160;</FONT>3.5&#160;&#160;<I>Memorandum
    and Articles of Association of ID Cayman.</I>&#160;&#160;The
    Memorandum and Articles of Association of ID Cayman shall be as
    set forth in <I>Exhibit&#160;A </I>attached hereto. The
    Memorandum and Articles of Association of ID Cayman shall, by
    resolution of ID Arizona shareholder(s)
    <FONT style="white-space: nowrap">and/or</FONT>
    directors, be effective upon the Conversion Effective Time.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <FONT style="font-variant: SMALL-CAPS">Section&#160;</FONT>3.6&#160;&#160;<I>Directors
    of ID Cayman.</I>&#160;&#160;The directors of ID Arizona
    immediately prior to the Conversion Effective Time shall
    continue as the directors of ID Cayman, until the earlier of
    their death, resignation or removal or until their respective
    successors are duly elected and qualified, as the case may be.
    Notwithstanding the foregoing, commencing on the Closing Date,
    the Combined Board will be established as provided for in
    Section&#160;12.4 hereof.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <FONT style="font-variant: SMALL-CAPS">Section&#160;</FONT>3.7&#160;&#160;<I>Officers
    of ID Cayman.</I>&#160;&#160;The officers of ID Arizona
    immediately prior to the Conversion Effective Time shall
    continue as the officers of ID Cayman, until the earlier of
    their death, resignation or removal or until their respective
    successors are duly elected and qualified, as the case may be.
</DIV>

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    <BR>
    A-1-3
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    <FONT style="font-family: 'Times New Roman', Times">ARTICLE&#160;IV<BR>
    </FONT>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <FONT style="font-family: 'Times New Roman', Times">Conversion
    and Exchange of Securities
    </FONT>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <FONT style="font-variant: SMALL-CAPS">Section&#160;</FONT>4.1&#160;&#160;<I>Conversion
    of Stock in the Merger.</I>&#160;&#160;At the Merger Effective
    Time, by virtue of the Merger and without any action on the part
    of the holder of any shares:
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (a)&#160;<I>Conversion of Ideation Shares.</I>&#160;&#160;Each
    Ideation Share issued and outstanding immediately prior to the
    Merger Effective Time shall be automatically converted into one
    validly issued, fully paid and non-assessable ID Arizona Share,
    to be delivered by ID Arizona in accordance with
    Section&#160;4.3 below.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (b)&#160;<I>Cancellation of ID Arizona Shares Owned by
    Ideation.</I>&#160;&#160;Each issued and outstanding ID Arizona
    Share that is owned by Ideation immediately prior to the Merger
    Effective Time shall automatically be cancelled and retired and
    shall cease to exist, and no consideration shall be delivered or
    deliverable in exchange therefor.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (c)&#160;<I>Ideation Warrants Become ID Arizona
    Warrants.</I>&#160;&#160;All Ideation Warrants then outstanding
    shall remain outstanding and shall be assumed by ID Arizona and
    thereafter become ID Arizona Warrants. Each Ideation Warrant by
    virtue of becoming a ID Arizona Warrant shall be exercisable
    upon the same terms and conditions as in effect immediately
    prior to the Merger, except that upon the exercise of such ID
    Arizona Warrants, ID Arizona Shares shall be issuable in lieu of
    Ideation Shares. The number of ID Arizona Shares issuable upon
    the exercise of a ID Arizona Warrant immediately prior to the
    Merger Effective Time and the exercise price of each such ID
    Arizona Warrant shall be the same number of shares and price as
    in effect immediately prior to the Merger Effective Time. All ID
    Arizona Warrants shall entitle the holder thereof to purchase ID
    Arizona Shares in accordance with the terms of the documents
    governing the ID Arizona Warrants.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <FONT style="font-variant: SMALL-CAPS">Section&#160;</FONT>4.2&#160;&#160;<I>Conversion
    of Securities in the Conversion.</I>&#160;&#160;At the
    Conversion Effective Time, by virtue of the Conversion and
    without any action on the part of the holder of any shares:
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (a)&#160;<I>Conversion of ID Arizona Shares.</I>&#160;&#160;Each
    issued and outstanding share of ID Arizona Common Stock (after
    giving effect to the Merger) shall be automatically converted
    into and deemed as one validly issued, fully paid and
    non-assessable ID Cayman Share in accordance with
    Section&#160;4.3.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (b)&#160;<I>Conversion of ID Arizona
    Warrants.</I>&#160;&#160;All ID Arizona Warrants then
    outstanding shall remain outstanding and shall be assumed by ID
    Cayman and thereafter become ID Cayman Warrants. Each ID Arizona
    Warrant by virtue of becoming a ID Cayman Warrant shall be
    exercisable upon the same terms and conditions as in effect
    immediately prior to the Conversion, except that upon the
    exercise of such ID Cayman Warrants, ID Cayman Shares shall be
    issuable in lieu of ID Arizona Shares. The number of ID Cayman
    Shares issuable upon the exercise of a ID Cayman Warrant
    immediately after the Conversion Effective Time and the exercise
    price of each such ID Cayman Warrant shall be the same number of
    shares and price as in effect immediately prior to the
    Conversion Effective Time. All ID Cayman Warrants shall entitle
    the holder thereof to purchase ID Cayman Shares in accordance
    with the terms of the documents governing the ID Cayman Warrants.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <FONT style="font-variant: SMALL-CAPS">Section&#160;4.3&#160;&#160;</FONT><I>Certificates
    Representing Ideation Securities</I>.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (a)&#160;From and after the Merger Effective Time, all of the
    certificates and other documents or instruments that immediately
    prior to that time represented outstanding Ideation Securities
    <B><I>(&#147;Certificates&#148;)</I></B> shall be deemed for all
    purposes to evidence ownership of, and to represent, the ID
    Arizona Securities into which the Ideation Securities
    represented by such Certificates have been converted as herein
    provided. No certificates for ID Arizona Securities will be
    issued as a result of the Merger, and no holder of record of any
    Certificates shall be entitled to surrender any Certificate for
    cancellation to ID Arizona or its transfer agent in exchange for
    a certificate representing that number of ID Arizona Securities
    which such holder has the right to receive pursuant to the
    provisions of this Article&#160;IV. The registered owner on the
    books and records of ID Arizona or its transfer agent of any
    such Certificate shall have and be entitled to exercise any
    voting and other rights with respect to and to receive any
    dividend and other distributions upon the ID Arizona Securities
    evidenced by such Certificate as above provided.
</DIV>

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    <BR>
    A-1-4
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<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (b)&#160;From and after the Conversion Effective Time, all of
    the outstanding Certificates shall be deemed for all purposes to
    evidence ownership of, and to represent, the ID Cayman
    Securities into which the ID Arizona Securities represented by
    such Certificates have been converted as herein provided. The
    holders of those Certificates representing ID Cayman Shares
    shall be entitled to be entered on the register of members of ID
    Cayman as holders of that number of ID Cayman Shares represented
    by the Certificates. The registered owner from time to time
    entered in the register of members of ID Cayman shall have and
    be entitled to exercise any voting and other rights with respect
    to and to receive any dividend and other distributions upon the
    ID Cayman Securities in respect of which it is a registered
    owner.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (c)&#160;At or after the Merger Effective Time, there shall be
    no transfers on the stock transfer or other books of Ideation of
    the Ideation Securities which were outstanding immediately prior
    to the Merger Effective Time. At or after the Conversion
    Effective Time, there shall be no transfers on the stock
    transfer or other books of ID Arizona of the ID Arizona
    Securities which were outstanding immediately prior to the
    Conversion Effective Time. If, after the Merger Effective Time
    but prior to the Conversion Effective Time, Certificates are
    presented to the Surviving Corporation or its transfer agent,
    the presented Certificates shall be cancelled and exchanged
    after the Conversion Effective Time for certificates for ID
    Cayman Securities deliverable in respect thereof pursuant to
    this Agreement in accordance with the procedures set forth in
    this Article&#160;IV. If, after the Conversion Effective Time,
    Certificates are presented to ID Cayman or its transfer agent,
    the presented Certificates shall be cancelled and exchanged for
    certificates for or other applicable documents or instruments
    representing ID Cayman Securities deliverable in respect thereof
    pursuant to this Agreement in accordance with the procedures set
    forth in this Article&#160;IV (in the case of ID Cayman Shares,
    ID Cayman may elect to enter each holder of record of
    Certificates on the register of members of ID Cayman as the
    holder of that number of ID Cayman Shares represented by the
    Certificates, in lieu of or in addition to issuing share
    certificates for such ID Cayman Shares).
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (d)&#160;Following the Conversion Effective Time, each holder of
    record of one or more Certificates may, but shall not be
    required to, surrender any Certificate for cancellation to ID
    Cayman or its transfer agent, and the holder of such Certificate
    shall be entitled to be entered on the register of members of ID
    Cayman as the holder of that number of ID Cayman Shares
    represented by the Certificates, as applicable, and the
    Certificates so surrendered shall forthwith be cancelled. In the
    event of a transfer of ownership of Ideation Securities which is
    not registered in the transfer records of Ideation or a transfer
    of ownership of ID Arizona Securities which is not registered in
    the transfer records of ID Arizona, a certificate or other
    applicable document or instrument representing the proper number
    of ID Cayman Securities may be issued to such a transferee (in
    the case of ID Cayman Shares, ID Cayman shall enter the
    transferee on the register of members of ID Cayman as the holder
    of the proper number of ID Cayman Shares, in lieu of or in
    addition to issuing share certificates for such ID Cayman
    Shares) if the Certificate representing such Ideation Securities
    or ID Arizona Securities is presented to ID Cayman or its
    transfer agent, accompanied by all documents required to
    evidence and effect such transfer (including a signed share
    transfer form and the requisite board resolution authorizing the
    updating of the register of members of ID Cayman to reflect such
    transfer) and to evidence that any applicable stock transfer
    taxes have been paid.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (e)&#160;In the event any Certificates representing the Ideation
    Securities shall have been lost, stolen or destroyed, ID Cayman
    shall issue in exchange for such lost, stolen or destroyed
    Certificates, upon the making of an affidavit of that fact by
    the holder thereof, certificates or documents representing the
    ID Cayman Securities to be issued to such holder pursuant to
    this Article&#160;IV (in the case of ID Cayman Shares, ID Cayman
    shall enter the holder on the register of members of ID Cayman
    as the holder of the proper number of ID Cayman Shares, in lieu
    of or in addition to issuing share certificates for such ID
    Cayman Shares); <I>provided, however</I>, that ID Cayman may, in
    its discretion and as a condition precedent to the issuance
    thereof (or entry on the register of members, as the case may
    be), require the owner of such lost, stolen or destroyed
    Certificates to deliver a bond in such sum as it may reasonably
    direct as indemnity against any claim that may be made against
    ID Cayman with respect to the Certificates so alleged to have
    been lost, stolen or destroyed.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <FONT style="font-variant: SMALL-CAPS">Section&#160;</FONT>4.4&#160;&#160;<I>Effect
    of the Conversion.</I>&#160;&#160;At the Conversion Effective
    Time, the effect of the Conversion shall be as provided in this
    Agreement and the applicable provisions of ARS and Cayman
    Companies Law. Without limiting the generality of the foregoing,
    and subject thereto, at the Conversion Effective Time, all the
</DIV>

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    <BR>
    A-1-5
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<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    property, rights, privileges, agreements, powers and franchises,
    debts, liabilities, duties and obligations of ID Arizona shall
    become the property, rights, privileges, agreements, powers and
    franchises, debts, liabilities, duties and obligations of ID
    Cayman, which shall include the assumption by ID Cayman of any
    and all agreements, covenants, duties and obligations of ID
    Arizona, as the Surviving Corporation, set forth in this
    Agreement to be performed after the Closing.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <FONT style="font-variant: SMALL-CAPS">Section&#160;4.5&#160;&#160;</FONT><I>Exchange
    of Acquired Shares</I>.&#160;&#160;Immediately following the
    Conversion Effective Time, the Acquired Shares shall be
    repurchased by ID Cayman in exchange for ID Cayman Preferred
    Shares and New Warrants in accordance with Section&#160;12.12
    hereof, if applicable.
</DIV>

<DIV style="margin-top: 18pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <FONT style="font-family: 'Times New Roman', Times">ARTICLE&#160;V<BR>
    </FONT>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <FONT style="font-family: 'Times New Roman', Times">Share
    Exchange
    </FONT>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <FONT style="font-variant: SMALL-CAPS">Section&#160;</FONT>5.1&#160;&#160;<I>Share
    Exchange.</I>&#160;&#160;The Share Exchange will take place
    immediately after the Conversion Effective Time. The Conversion
    and the Share Exchange are part of the same integrated
    transaction, such that neither the Conversion nor the Share
    Exchange shall occur without the other.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (a)&#160;<I>Shares.</I>&#160;&#160;Upon the terms and subject to
    the conditions hereof, at the Closing, (i)&#160;each of the SM
    Shareholders shall sell, transfer, convey, assign and deliver to
    ID Cayman free and clear of all Liens (except for
    clause&#160;(a) of the definition of Permitted Liens), all of
    the right, title and interest of each such SM Shareholder in and
    to the SM Shares set forth opposite such SM Shareholder&#146;s
    name on <I>Schedule&#160;B </I>(which Schedule gives effect to
    the Preferred Conversion) and (ii)&#160;the Designated Agent
    shall sell, transfer, convey, assign and deliver (on behalf of
    the Non-signing SM Shareholder) to ID Cayman all of the right,
    title and interest of the Non-signing SM Shareholder in and to
    the Other SM Shares which, to the Knowledge of the SM Entities,
    shall be free and clear of all Liens (except for clause&#160;(a)
    of the definition of Permitted Liens). In exchange for such SM
    Shares, ID Cayman shall sell, issue and deliver to the SM
    Shareholders and the Non-signing SM Shareholder free and clear
    of all Liens (except for clause&#160;(a) of the definition of
    Permitted Liens), the number of ID Cayman Shares set forth
    opposite the name of each such SM Shareholder and the
    Non-signing SM Shareholder on <I>Schedule&#160;C, </I>all in
    accordance with Section&#160;5.2 hereof.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (b)&#160;<I>Warrants.</I>&#160;&#160;Upon the terms and subject
    to the conditions hereof, at the Closing, each of the SM
    Warrantholders shall exchange, transfer, convey, assign and
    deliver to ID Cayman free and clear of all Liens (except for
    clause&#160;(a) of the definition of Permitted Liens), all of
    the right, title and interest of each such SM Warrantholder in
    and to the SM Warrants, as set forth opposite such SM
    Warrantholder&#146;s name on <I>Schedule&#160;B</I>. In exchange
    for such SM Warrants, ID Cayman shall issue and deliver to the
    SM Warrantholders, free and clear of all Liens (except for
    clause&#160;(a) of the definition of Permitted Liens),
    (i)&#160;warrants to acquire the number of ID Cayman Shares set
    forth opposite each such SM Warrantholder&#146;s name under
    &#147;Warrant Allocation&#148; on <I>Schedule&#160;C </I>at the
    exercise price per share set forth opposite each such SM
    Warrantholder&#146;s name under &#147;Warrant Allocation&#148;
    on <I>Schedule&#160;C</I>; each such warrant to be in the form
    attached hereto as <I>Exhibit&#160;B </I>(the <B><I>&#147;New
    Warrants&#148;</I></B>) and (ii)&#160;a number of ID Cayman
    Shares calculated in accordance with Section&#160;5.2(b). If and
    to the extent that prior to the Closing, the warrant coverage
    under the Linden Warrants increases pursuant to the terms
    thereof, then the aggregate number of ID Cayman Securities
    issuable to the SM Shareholders and SM Warrantholders hereunder
    on the Closing Date as set forth on <I>Schedule&#160;C </I>and
    New Options issuable to the SM Option holders hereunder pursuant
    to Section&#160;5.1(c) shall be reduced, pro rata based on the
    number of SM Ordinary Shares owned by (or underlying SM Warrants
    <FONT style="white-space: nowrap">and/or</FONT> SM
    Options owned by) each of them, by the aggregate number of ID
    Cayman Shares underlying the additional New Warrants issuable to
    Linden Ventures pursuant to this Section on account of such
    additional warrant coverage.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (c)&#160;<I>Restricted Shares</I>.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (i)&#160;Upon the Closing, each outstanding award entitling the
    holder thereof to receive SM Restricted Shares pursuant to the
    Option Plan (each, an <B><I>&#147;SM Restricted Shares
    Award&#148;</I></B>), to the extent not fully vested as of the
    Closing, shall be assumed by ID Cayman and converted into an
    award entitling the holder thereof to receive ID Cayman Shares
    (a <B><I>&#147;New Restricted Shares Award&#148;</I></B>) as
    provided in this Section&#160;5.1(c), without any further action
    by the holder thereof, and the holder of the New Restricted
    Shares Award shall no longer have any
</DIV>

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    <BR>
    A-1-6
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<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    rights to SM Shares. Each New Restricted Shares Award shall
    entitle the holder thereof to receive a number of ID Cayman
    Shares equal to (i)&#160;the number of SM Ordinary Shares
    subject to the SM Restricted Shares Award multiplied by
    (ii)&#160;0.0675374, rounded down to the nearest whole number of
    shares.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (ii)&#160;In all other regards, the terms of each New Restricted
    Shares Award shall be the same as the SM Restricted Shares Award
    which it replaces, and the Option Plan under which such SM
    Restricted Shares Award was initially granted as in effect
    immediately prior to the Closing shall continue to apply in all
    material respects to the New Restricted Shares Award, including
    all restrictions or limitations on transfer and vesting, to the
    extent that such restrictions or limitations shall not have
    already lapsed, after giving effect to the Closing.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (iii)&#160;ID Cayman shall take all corporate action necessary
    to assume the Option Plan at the Closing, reserve for issuance a
    sufficient number of ID Cayman Shares for delivery upon the
    vesting of the New Restricted Shares Awards and the exercise of
    the New Options (as set forth in Section&#160;5.1(d) below) and
    to amend the Option Plan to provide that following the Closing
    the shares subject to the Option Plan shall be ID Cayman Shares,
    and the number of ID Cayman Shares issuable under the Option
    Plan shall be determined by multiplying the number of SM
    Ordinary Shares reserved for issuance under the Option Plan by
    0.0675374 and rounded down to the nearest whole number of shares.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (iv)&#160;As soon as reasonably practicable following the
    Closing, ID Cayman shall file a registration statement on
    <FONT style="white-space: nowrap">Form&#160;S-8</FONT>
    under the Securities Act covering the ID Cayman Shares issuable
    pursuant to the Option Plan and the New Restricted Shares Awards
    and New Options under Section&#160;5.1(c) and
    Section&#160;5.1(d) of this Agreement.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (d)&#160;<I>Options</I>.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (i)&#160;Upon the Closing, each outstanding and unexercised
    option to purchase SM Shares granted under the Option Plan
    (each, an <B><I>&#147;SM Option&#148;</I></B>), whether or not
    exercisable or vested, shall be assumed by ID Cayman and
    converted into an option to purchase ID Cayman Shares (a
    <B><I>&#147;New Option&#148;</I></B>) as provided in this
    Section&#160;5.1(d), without any further action by the holder
    thereof and the holder of the New Option shall have no further
    rights to acquire any SM Shares. Each New Option shall be
    exercisable for a number of ID Cayman Shares equal to
    (i)&#160;the number of SM Ordinary Shares subject to the SM
    Option multiplied by (ii)&#160;0.0675374, rounded down to the
    nearest whole number of shares. The per share exercise price of
    each New Option shall equal (A)&#160;the per share exercise
    price of the SM Option divided by (B)&#160;0.0675374, rounded up
    to the nearest whole cent.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (ii)&#160;In all other regards, the terms of each New Option
    shall be the same as the SM Option which it replaces, and the
    Option Plan under which such SM Option was initially granted as
    in effect immediately prior to the Closing shall continue to
    apply in all material respects to the New Options, including all
    restrictions or limitations on transfer and vesting, to the
    extent that such restrictions or limitations shall not have
    already lapsed, after giving effect to the Closing.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (e)&#160;<I>Interim Notes.</I>&#160;&#160;Upon the Closing, the
    principal amount outstanding under each Interim Note as of the
    Closing and US$10,000,000 of the principal amount outstanding
    under the Linden Note as of the Closing shall be converted into
    either (i)&#160;in the event that ID Cayman Preferred Shares
    will be issued pursuant to Section&#160;12.12, a number of ID
    Cayman Preferred Shares calculated by dividing such outstanding
    principal amount by US$7.8815, rounding up to the nearest whole
    share, and a number of New Warrants, each such New Warrant to
    purchase 0.25 of an ordinary share of ID Cayman at an exercise
    price per such ordinary share of $7.8815, equal to such number
    of ID Cayman Preferred Shares or (ii)&#160;in any other event, a
    number of ID Cayman Shares calculated by dividing such
    outstanding principal amount by US$7.8815, rounding up to the
    nearest whole share. At the Closing, (x)&#160;US$5,000,000 of
    the principal amount outstanding under the Linden Note plus all
    accrued and unpaid interest on the Linden Note, plus US$20,000
    as reimbursement for Linden Ventures&#146; legal expenses, shall
    be paid in cash to Linden Ventures and (y)&#160;all accrued and
    unpaid interest under the Interim Notes shall be paid in cash to
    the holders thereof.
</DIV>

<P align="center" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <BR>
    A-1-7
</DIV><!-- END PAGE WIDTH -->
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<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>

<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <FONT style="font-variant: SMALL-CAPS">Section&#160;</FONT>5.2&#160;&#160;<I>Equity
    Payment.</I>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (a)&#160;<I>Initial Equity Payment.</I>&#160;&#160;Upon the
    terms and subject to the conditions hereof, at the Closing, ID
    Cayman shall issue and deliver to each SM Shareholder and the
    Non-signing SM Shareholder the number of ID Cayman Shares set
    forth opposite the name of each such Person on
    <I>Schedule&#160;C </I>in the column entitled &#147;Initial
    Equity Payment,&#148; representing, in the aggregate 6,865,341
    ID Cayman Shares (the <B><I>&#147;Initial Equity
    Payment&#148;</I></B>).
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (b)&#160;<I>Earn-Out Share Payments.</I>&#160;&#160;ID Cayman
    shall issue and deliver ID Cayman Shares (the
    <B><I>&#147;Earn-Out Shares&#148;</I></B>), up to a maximum
    number of 10,150,352 (the <B><I>&#147;Maximum Earn-Out
    Shares&#148;</I></B>) to the SM Warrantholders, the SM
    Shareholders and the Non-signing SM Shareholder in accordance
    with the terms set forth below. Any such delivery of Earn-Out
    Shares is referred to herein as the <B><I>&#147;Earn-Out Share
    Payment.&#148;</I></B> Notwithstanding anything to the contrary
    in this Agreement, and irrespective of whether such Person
    becomes an &#147;SM Shareholder&#148; or a &#147;Non-signing SM
    Shareholder&#148; after the date hereof, (i)&#160;a holder of an
    SM Restricted Shares Award (whether vested or unvested) shall
    have no right to receive any part of any Earn-Out Share Payment
    hereunder with respect to any SM Shares or ID Cayman Shares
    received upon vesting of such SM Restricted Shares Award or any
    New Restricted Shares Award and (ii)&#160;a holder of an SM
    Option (whether vested or unvested) shall have no right to
    receive any part of any Earn-Out Share Payment hereunder with
    respect to any SM Shares or ID Cayman Shares received upon
    exercise of the SM Option.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (i)&#160;<I>Adjusted Net Income Target Achieved in
    FY2009.</I>&#160;&#160;If FY2009 Adjusted Net Income (as
    calculated herein) equals or exceeds $25.7&#160;million, then ID
    Cayman shall issue and deliver to the SM Warrantholders, the SM
    Shareholders and the Non-signing SM Shareholder an aggregate
    number of Earn-Out Shares calculated in accordance with the
    formula set forth below. If FY2009 Adjusted Net Income equals or
    exceeds $38.4&#160;million, FY2009 Adjusted Net Income shall be
    deemed to be equal to $38.4&#160;million for purposes of such
    formula.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<TABLE border="0" width="100%" align="center" cellpadding="0" cellspacing="0" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
<!-- Table Width Row BEGIN -->
<TR style="font-size: 1pt" valign="bottom">
    <TD width="18%">&nbsp;</TD>	<!-- colindex=01 type=maindata -->
    <TD width="1%">&nbsp;</TD>	<!-- colindex=02 type=gutter -->
    <TD width="1%">&nbsp;</TD>	<!-- colindex=02 type=maindata -->
    <TD width="1%">&nbsp;</TD>	<!-- colindex=03 type=gutter -->
    <TD width="49%">&nbsp;</TD>	<!-- colindex=03 type=maindata -->
    <TD width="1%">&nbsp;</TD>	<!-- colindex=04 type=gutter -->
    <TD width="1%">&nbsp;</TD>	<!-- colindex=04 type=maindata -->
    <TD width="1%">&nbsp;</TD>	<!-- colindex=05 type=gutter -->
    <TD width="27%">&nbsp;</TD>	<!-- colindex=05 type=maindata -->
</TR>
<!-- Table Width Row END -->
<TR valign="bottom">
<TD nowrap align="left" valign="middle">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Earn-Out Shares
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="middle">
    =
</TD>
<TD>
&nbsp;
</TD>
<TD align="center" valign="middle">
    (FY2009 Adjusted Net Income - $25.7&#160;million)<BR>
    <DIV style="font-size: 1pt; margin-left: 0%; width: 100%; border-bottom: 1pt solid #000000"></DIV><!-- callerid=2083 iwidth=204 length=0 -->$12.7
    million
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="middle">
    x
</TD>
<TD>
&nbsp;
</TD>
<TD align="left" valign="middle">
    Maximum Earn-Out Shares
</TD>
</TR>
</TABLE>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">

</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    The aggregate Earn-Out Shares earned hereunder (if any) shall be
    allocated to each SM Warrantholder, SM Shareholder and the
    Non-signing SM Shareholder in accordance with the percentage set
    forth opposite the name of each such SM Warrantholder, SM
    Shareholder and the Non-signing SM Shareholder in the applicable
    column of <I>Schedule&#160;C.</I>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (ii)&#160;<I>FY2009 Adjusted Net Income Target not Achieved;
    Unearned Portion.</I>&#160;&#160;The difference (if any) between
    the Earn-Out Shares deliverable pursuant to
    Section&#160;5.2(b)(i) and the Maximum Earn-Out Shares is the
    &#147;Unearned Portion.&#148; If the closing price per ID Cayman
    ordinary share on the AMEX (or such other public trading market
    on which the ID Cayman Shares may be trading at such time) for
    any thirty (30)&#160;consecutive trading days during the period
    from the date of the public announcement of the execution of
    this Agreement to April&#160;15, 2010 is equal to or greater
    than $11.82, then ID Cayman shall issue and deliver to the SM
    Warrantholders, SM Shareholders and the Non-signing SM
    Shareholder an aggregate number of additional Earn-Out Shares
    equal to the Unearned Portion. Such additional Earn-Out Shares
    shall be allocated to each SM Warrantholder, SM Shareholder and
    the Non-signing SM Shareholder in accordance with the percentage
    set forth opposite the name of each such SM Warrantholder, SM
    Shareholder and the Non-signing SM Shareholder in the applicable
    column of <I>Schedule&#160;C.</I>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (iii)&#160;<I>FY2009 Adjusted Net Income Target Not Achieved;
    Unearned Portion Not Paid.&#160;&#160;</I>Except as set forth in
    Section&#160;5.2(b)(i) and Section&#160;5.2(b)(ii), ID Cayman
    shall have no obligation to issue and the SM Warrantholders, the
    SM Shareholders and the Non-signing SM Shareholder shall have no
    right to receive any Earn-Out Shares.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (iv)&#160;<I>Calculation of Adjusted Net Income
    <FONT style="white-space: nowrap">and/or</FONT> the
    Unearned Portion</I>.&#160;&#160;Within six months after the end
    of FY2009, ID Cayman shall prepare and deliver to the SM
    Shareholders&#146; Representatives and the Independent Directors
    (i)&#160;the calculation of FY2009 Adjusted Net Income for
    purposes of this Section&#160;5.2(b) and (ii)&#160;a
    determination (together with reasonable supporting
    documentation) as to whether the Unearned Portion (if any) has
    been earned in accordance with Section&#160;5.2(b)(ii). The SM
    Shareholders&#146; Representatives shall have all reasonable
    rights of access to the corporate books and records of ID Cayman
    for purposes of
</DIV>

<P align="center" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <BR>
    A-1-8
</DIV><!-- END PAGE WIDTH -->
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<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>

<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    this Section. If the SM Shareholders&#146; Representatives or
    the Independent Directors dispute the calculation of FY2009
    Adjusted Net Income
    <FONT style="white-space: nowrap">and/or</FONT> the
    Unearned Portion for the time period in question, the parties
    shall negotiate for thirty (30)&#160;days in good faith to
    resolve such dispute. If after such
    <FONT style="white-space: nowrap">30-day</FONT>
    period such parties still cannot agree, they shall submit to an
    international accounting firm reasonably acceptable to them (the
    <B><I>&#147;Unaffiliated Accountants&#148;</I></B>) all relevant
    financial and trading data as well as this Agreement, and the
    disputed item or items in such calculation, for final and
    binding arbitration and resolution before a representative of
    the Unaffiliated Accountants (limited to only those items and
    amounts in dispute and those items that are derived therefrom).
    The decision and award of the Unaffiliated Accountants shall be
    final and binding among the Parties hereto. The applicable
    portion of the Earn-Out Shares to be issued and delivered to the
    SM Warrantholders, SM Shareholders and the Non-signing SM
    Shareholder, if any, shall be issued within thirty
    (30)&#160;days following the final determination of FY2009
    Adjusted Net Income hereunder
    <FONT style="white-space: nowrap">and/or</FONT> the
    final determination as to any entitlement to the Unearned
    Portion hereunder.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (v)&#160;<I>Change of Control.</I>&#160;&#160;If on or prior to
    April&#160;15, 2010 a bona fide definitive agreement is executed
    and the subsequent consummation of the transactions contemplated
    by such agreement results in a Change of Control of ID Cayman,
    then regardless of whether FY2009 Adjusted Net Income has been
    achieved
    <FONT style="white-space: nowrap">and/or</FONT>
    whether the Unearned Portion has been earned pursuant to
    Section&#160;5.2(b)(ii), ID Cayman shall issue and deliver to
    each SM Shareholder, SM Warrantholder and the Non-signing SM
    Shareholder such number of Earn-Out Shares equal to the product
    of (A)&#160;the percentage set forth opposite the name of each
    such SM Warrantholder, SM Shareholder and the Non-signing SM
    Shareholder in the applicable column of <I>Schedule&#160;C
    </I>and (B)&#160;the Maximum Earn-Out Shares, if (x)&#160;such
    Change of Control is approved by a majority of the independent
    directors then on the board of directors of ID Cayman or
    (y)&#160;the acquisition consideration delivered to the
    shareholders of ID Cayman in the Change of Control has a value
    (as determined in good faith by a majority of the independent
    directors then on the board of directors of ID Cayman) that is
    equal to at least $11.82 per share on a fully diluted basis (as
    equitably adjusted for any stock split, combinations, stock
    dividends, recapitalizations or similar events). Such Earn-Out
    Share Payments shall be issued and delivered promptly after the
    occurrence of such Change of Control.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <FONT style="font-variant: SMALL-CAPS">Section&#160;</FONT>5.3&#160;&#160;<I>SM
    Option, SM Restricted Shares and SM Warrant
    Exercises/Vesting.</I>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (a)&#160;<I>Options.</I>&#160;&#160;If, on or prior to the
    Closing, any holder of SM Options exercises such options for SM
    Shares, then (i)&#160;the SM Entities shall use commercially
    reasonable efforts to cause such holder to execute and deliver a
    counterpart or joinder to this agreement (a
    <B><I>&#147;Joinder&#148;</I></B>) to become bound hereunder as
    an SM Shareholder or, if such Joinder is not so obtained, the SM
    Entities, to the maximum extent permitted by the Company
    Memorandum, shall cause such holder to be treated as a
    Non-signing SM Shareholder hereunder (and such holder shall be
    included in the definition thereof and the SM Shares owned by
    him or it shall be included in the definition of Other SM
    Shares) and shall appoint the Designated Agent to act on such
    holder&#146;s behalf hereunder, and (ii)&#160;<I>Schedule&#160;B
    </I>(or <I>B-1</I>, as applicable) and <I>Schedule&#160;C
    </I>hereof (with respect to the Initial Equity Payment only)
    shall be amended to include such holder as an SM Shareholder (or
    a Non-signing SM Shareholder) and to allocate to such holder at
    the Closing in respect of such SM Options the aggregate number
    of ID Cayman Shares that such holder would have received upon
    exercise of the New Options issued to him or it pursuant to the
    terms hereof had such SM Options remained outstanding as of the
    Closing, after taking account of any cashless or net exercise of
    the SM Options.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (b)&#160;<I>SM Restricted Shares.</I>&#160;&#160;If, on or prior
    to the Closing, any part of an SM Restricted Shares Award
    becomes vested, then (i)&#160;the SM Entities shall use
    commercially reasonable efforts to cause the holder of the SM
    Shares received in connection with such vesting to execute and
    deliver a Joinder to become bound hereunder as an SM Shareholder
    with respect to such SM Shares or, if such Joinder is not so
    obtained, the SM Entities, to the maximum extent permitted by
    the Company Memorandum, shall cause such holder to be treated as
    a Non-signing SM Shareholder hereunder (and such holder shall be
    included in the definition thereof and the SM Shares owned by
    him or it shall be included in the definition of Other SM
    Shares) and shall appoint the Designated Agent to act on such
    holder&#146;s behalf hereunder, and (ii)&#160;<I>Schedule&#160;B
    </I>(or <I>B-1</I>, as applicable) and <I>Schedule&#160;C
    </I>(with respect to the Initial Equity Payment only) hereof
    shall be amended to include such holder as an SM Shareholder (or
    a Non-signing SM Shareholder) and to allocate to such holder at
    the Closing in respect of such SM Shares the aggregate number of
    ID Cayman Shares that such holder
</DIV>

<P align="center" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <BR>
    A-1-9
</DIV><!-- END PAGE WIDTH -->
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<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>

<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    would have received in the form of a New Restricted Shares Award
    pursuant to the terms hereof had such SM Restricted Shares Award
    not vested as of the Closing, but not any Earn-Out Shares under
    Section&#160;5.2(b) with respect to such Restricted Shares.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (c)&#160;<I>Warrants.</I>&#160;&#160;If, on or prior to the
    Closing, any SM Warrantholder exercises any of its SM Warrants,
    then <I>Schedule&#160;B </I>and <I>Schedule&#160;C </I>hereof
    shall be amended to allocate to such holder at the Closing in
    respect of such SM Warrants the aggregate number of ID Cayman
    Shares that such holder would have received upon exercise of the
    New Warrants issued to him or it pursuant to the terms hereof
    had such SM Warrants remained outstanding as of the Closing,
    after taking into account any cashless or net exercise of the SM
    Warrants.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <FONT style="font-variant: SMALL-CAPS">Section&#160;</FONT>5.4&#160;&#160;<I>Adjustments
    to Shares.</I>&#160;&#160;The Initial Equity Payment and any
    Earn-Out Share Payments shall be adjusted to reflect
    appropriately the effect of any stock split, reverse stock
    split, reorganization, recapitalization, reclassification,
    combination, exchange of shares or other like change with
    respect to Ideation Securities, ID Cayman Securities, SM Shares,
    SM Options or SM Warrants occurring on or after the date hereof.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <FONT style="font-variant: SMALL-CAPS">Section&#160;</FONT>5.5&#160;&#160;<I>No
    Fractional Shares.</I>&#160;&#160;No fractions of ID Cayman
    Shares shall be issued in connection with the Share Exchange.
    Any holder of SM Shares who would otherwise be entitled to
    receive a fraction of an ID Cayman Share (after aggregating all
    fractional ID Cayman Shares issuable to such holder) shall, in
    lieu of such fraction of a share, receive one whole ID Cayman
    Share.
</DIV>

<DIV style="margin-top: 18pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <FONT style="font-family: 'Times New Roman', Times">ARTICLE&#160;VI<BR>
    </FONT>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <FONT style="font-family: 'Times New Roman', Times">The Closing
    </FONT>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <FONT style="font-variant: SMALL-CAPS">Section&#160;</FONT>6.1&#160;&#160;<I>Closing.</I>&#160;&#160;The
    Closing (the <B><I>&#147;Closing&#148;</I></B>) of the Merger,
    Conversion, Share Exchange and the other transactions
    contemplated hereby (the
    <B><I>&#147;Transactions&#148;</I></B>)<B><I>, </I></B>shall
    take place at the offices of Akerman Senterfitt in Miami, FL
    commencing at 9:00&#160;a.m. local time on the third business
    day following the satisfaction or waiver of all conditions and
    obligations of the Parties to consummate the Transactions
    contemplated hereby (other than conditions and obligations with
    respect to the actions that the respective Parties will take at
    Closing), or on such other date and at such other time as the
    Parties may mutually determine (the <B><I>&#147;Closing
    Date&#148;</I></B>).
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <FONT style="font-variant: SMALL-CAPS">Section&#160;</FONT>6.2&#160;&#160;<I>Deliveries
    of the Parties.</I>&#160;&#160;At the Closing, (i)&#160;the SM
    Parties (directly
    <FONT style="white-space: nowrap">and/or</FONT>
    through their nominees) shall deliver to the Ideation Parties
    the various certificates, opinions, instruments, agreements and
    documents referred to in Section&#160;13.2 below, (ii)&#160;the
    Ideation Parties shall deliver to the SM Parties (directly
    <FONT style="white-space: nowrap">and/or</FONT>
    through their nominees), as applicable, the various
    certificates, opinions, instruments, agreements and documents
    referred to in Section&#160;13.1 below, (iii)&#160;each of the
    SM Shareholders shall deliver (and the Designated Agent shall
    deliver, on behalf of the Non-signing SM Shareholder) to the
    Ideation Parties (a)&#160;a certificate representing the right,
    title and interest in and to the SM Shares set forth opposite
    the name of such SM Shareholder or the Non-signing SM
    Shareholder on <I>Schedule&#160;B </I>(or
    <I><FONT style="white-space: nowrap">Schedule&#160;B-1</FONT></I>,
    in the case of the Non-signing SM Shareholder), properly
    endorsed for transfer by the holder thereof (which, in the case
    of the Non-signing SM Shareholder, shall be the Designated
    Agent) or accompanied by the appropriate stock powers or
    otherwise appropriately assigned, (b)&#160;a copy of resolutions
    of the board of directors of SM Cayman and any SM Shareholder
    that is an entity authorizing the transfer of the SM Shares (it
    being agreed that, with respect to Deutsche Bank AG, Hong Kong
    Branch, this requirement shall be satisfied through the delivery
    of documentation evidencing that all necessary corporate action
    has been taken to authorize the transfer of the SM Shares held
    by Deutsche Bank AG, Hong Kong Branch) and updating the register
    of members of SM Cayman, and (c)&#160;a duly certified (by the
    registered agent or any officer or director of SM Cayman) copy
    of the updated register of members of SM Cayman reflecting the
    acquisition by ID Cayman of the SM Shares from the SM
    Shareholders and the Designated Agent on behalf of the
    Non-signing SM Shareholder pursuant to this Agreement,
    (iv)&#160;ID Cayman shall deliver to the SM Shareholders and to
    the Non-signing SM Shareholder (directly or through their
    designated nominees) a duly certified copy of the register of
    members of ID Cayman reflecting the issuance of the ID Cayman
    Shares pursuant to the Initial Equity Payments to the SM
    Shareholders and to the Non-signing SM Shareholder and the New
    Warrants to the SM Warrantholders
</DIV>

<P align="center" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <BR>
    A-1-10
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<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    and (v)&#160;each SM Entity shall deliver to the Ideation
    Parties a validly executed IRS Form&#160;8832 with respect to
    such SM Entity and each of its Subsidiaries, as described in
    Section&#160;12.7 below (including thereon a previously-obtained
    United States Taxpayer Identification Number for such entity and
    its owner(s), as required by such form).
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <FONT style="font-variant: SMALL-CAPS">Section&#160;</FONT>6.3&#160;&#160;<I>Additional
    Agreements.</I>&#160;&#160;At the Closing, the following
    agreements (collectively, the <B><I>&#147;Transaction
    Documents&#148;</I></B>) will have been duly executed by each
    party thereto, delivered or otherwise effectuated:
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (i)&#160;the
    <FONT style="white-space: nowrap">Lock-Up</FONT>
    Agreements;
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (ii)&#160;the Registration Rights Agreement;
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (iii)&#160;the New Warrants;&#160;and
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (iv)&#160;the Voting Agreement.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    The New Warrants issued to Linden Ventures will have an exercise
    price of $6.30, cashless or net exercise provisions and an
    expiration date which is no earlier than the expiration date of
    the SM Warrants currently held by Linden Ventures; and the term
    of Linden Ventures&#146;
    <FONT style="white-space: nowrap">Lock-Up</FONT>
    Agreement will not be longer than the term of the
    <FONT style="white-space: nowrap">Lock-Up</FONT>
    Agreement of any other party.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <FONT style="font-variant: SMALL-CAPS">Section&#160;</FONT>6.4&#160;&#160;<I>Further
    Assurances.</I>&#160;&#160;Subject to the terms and conditions
    of this Agreement, at any time or from time to time after the
    Closing, each of the Parties shall execute and deliver such
    other documents and instruments, provide such materials and
    information and take such other actions as may be commercially
    reasonable, to the extent permitted by law, to fulfill its
    obligations under this Agreement and to effectuate and
    consummate the Transactions.
</DIV>

<DIV style="margin-top: 18pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <FONT style="font-family: 'Times New Roman', Times">ARTICLE&#160;VII<BR>
    </FONT>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <FONT style="font-family: 'Times New Roman', Times">Representations
    and Warranties of SM Parties
    </FONT>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Except as set forth in the Disclosure Schedule of the SM Parties
    attached hereto as Schedule&#160;D (the <B>&#147;SM Disclosure
    Schedule&#148;</B>) (i)&#160;the Designated Agent, severally and
    not jointly, represents and warrants (solely as agent for, and
    on behalf of, the Non-signing SM Shareholder and without
    personal liability therefor, and solely with respect to the
    Other SM Shares) as to the matters set forth in
    Section&#160;7.1(a) and Section&#160;7.3(c) and (d),
    (ii)&#160;each of the SM Institutional Shareholders, severally
    and not jointly, represents and warrants (but solely with
    respect to itself and its SM Shares) as to the matters set forth
    in Section&#160;7.1(a), the first sentence of Section&#160;7.2
    and Section&#160;7.3(a), (c)&#160;and (d), (iii)&#160;Linden
    Ventures, severally and not jointly, represents and warrants,
    solely with respect to itself and not with respect to the Group
    Companies or the SM Parties, as to the matters set forth in the
    first sentence of Section&#160;7.2, Section&#160;7.3(a) and
    Section&#160;7.3(d) (it being understood that references to
    &#147;SM Parties&#148; therein shall be deemed to refer to
    Linden Ventures) and (iv)&#160;each of the SM Parties (other
    than the SM Institutional Shareholders and the Designated Agent)
    jointly and severally represents and warrants to the Ideation
    Parties as follows:
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <FONT style="font-variant: SMALL-CAPS">Section&#160;</FONT>7.1&#160;&#160;<I>SM
    Shares.</I>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (a)&#160;<I>Valid Title.</I>&#160;&#160;Except as set forth in
    Section&#160;7.1(a) of the SM Disclosure Schedule, the SM
    Shareholders and the Non-signing SM Shareholder (as applicable)
    are the registered and beneficial owners of the SM Shares as set
    forth on <I>Schedule&#160;B </I>and <I>B-1 </I>and have valid
    title to the SM Shares, with the right and authority to sell and
    deliver such SM Shares. Except as set forth in
    Section&#160;7.1(a) of the SM Disclosure Schedule, upon delivery
    of any certificate or certificates duly assigned, representing
    the same as herein contemplated, or a duly executed share
    transfer form, and upon registering of ID Cayman as the new
    owner of such SM Shares in the register of members of SM Cayman,
    ID Cayman will receive valid title to such SM Shares, free and
    clear of all Liens (except for clause&#160;(a) of the definition
    of Permitted Liens).
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (b)&#160;<I>Capital Structure.</I>&#160;&#160;The authorized
    share capital of SM Cayman and the total number of issued and
    outstanding shares and shares reserved for issuance under the
    Option Plan and the SM Warrants are set forth
</DIV>

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    <BR>
    A-1-11
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<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    in Section&#160;7.1(b) of the SM Disclosure Schedule. Except as
    set forth in Section&#160;7.1(b) of the SM Disclosure Schedule:
    (i)&#160;no shares or other voting securities of SM Cayman are
    issued, reserved for issuance or outstanding; (ii)&#160;all
    outstanding shares of SM Cayman are duly authorized, validly
    issued, fully paid and nonassessable and are not subject to or
    issued in violation of any purchase option, call option, right
    of first refusal, preemptive right, subscription right or any
    similar right under any provision of the SM Constituent
    Instruments or any Contract to which any of the SM Parties or
    any Group Company is a party or otherwise bound;
    (iii)&#160;there are no bonds, debentures, notes or other
    indebtedness of SM Cayman having the right to vote (or
    convertible into, or exchangeable for, securities having the
    right to vote) on any matters on which holders of the shares of
    SM Cayman may vote <B><I>(&#147;Voting SM
    Debt&#148;)</I></B><I>; </I>(iv)&#160;except for the SM Options,
    the SM Restricted Shares Awards and the SM Warrants, there are
    no options, warrants, rights, convertible or exchangeable
    securities, &#147;phantom&#148; stock rights, stock appreciation
    rights, stock-based performance units, commitments, Contracts,
    arrangements or undertakings of any kind to which SM Cayman is a
    party or is bound (A)&#160;obligating SM Cayman to issue,
    deliver or sell, or cause to be issued, delivered or sold,
    additional shares or other equity interests in, or any security
    convertible or exercisable for or exchangeable into any shares
    of or other equity interest in, SM Cayman or any Voting SM Debt,
    or (B)&#160;obligating SM Cayman to issue, grant, extend or
    enter into any such option, warrant, call, right, security,
    commitment, Contract, arrangement or undertaking;
    (v)&#160;except as contemplated by this Agreement, there are no
    outstanding contractual obligations of SM Cayman to repurchase,
    redeem or otherwise acquire any of its shares; and
    (vi)&#160;except as contemplated by this Agreement, there are no
    registration rights, and there is no voting trust, proxy, or
    other agreement or understanding to which SM Cayman is a party
    or by which SM Cayman is bound with respect to any equity
    security of any class of SM Cayman. A complete and accurate
    listing of (x)&#160;the SM Options and the SM Restricted Shares
    Awards (including a vesting schedule for each) and the holders
    thereof as of the date hereof is set forth in
    Section&#160;7.1(b) of the SM Disclosure Schedule, and
    (y)&#160;the SM Warrants and the holders thereof as of the date
    hereof is set forth in <I>Schedule&#160;B</I>.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <FONT style="font-variant: SMALL-CAPS">Section&#160;</FONT>7.2&#160;&#160;<I>Organization
    and Standing.</I>&#160;&#160;Except as set forth in
    Section&#160;7.11 of the SM Disclosure Schedule, each of the SM
    Parties and the other Group Companies (if an entity) is duly
    organized, validly existing and in good standing (with respect
    to jurisdictions that recognize the concept of good standing)
    under the laws of its respective jurisdiction of incorporation,
    organization or formation. Each of the Group Companies is duly
    qualified to do business in each of the jurisdictions in which
    the property owned, leased or operated by it or the nature of
    the business which it conducts requires qualification, except
    where the failure to so qualify would not reasonably be
    expected, individually or in the aggregate, to result in a
    Material Adverse Effect. Each of the Group Companies has all
    requisite power and authority to own, lease and operate its
    tangible assets and properties and to carry on its business as
    now being conducted. SM Cayman has delivered to Ideation true
    and complete copies of the SM Constituent Instruments. The
    minute books and registers of SM Cayman, Ad-icon Company Limited
    and Great Talent Holding Limited are true and complete in all
    material respects and copies of such documents, together with
    true and correct copies of the minute books and registers of the
    other Group Companies, have been made available to Ideation. The
    share transfer, warrant and option transfer and ownership
    records of the Group Companies are true and complete in all
    material respects. Copies of such records have been made
    available to Ideation.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <FONT style="font-variant: SMALL-CAPS">Section&#160;</FONT>7.3&#160;&#160;<I>Authority;
    Execution and Delivery; Enforceability.</I>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (a)&#160;Each of the SM Parties (and their respective nominees),
    if an entity, has all requisite corporate or other entity power
    and authority to execute and deliver this Agreement and the
    Transaction Documents to which it is a party and to consummate
    the Transactions contemplated hereby and thereby. The execution,
    delivery and performance by the SM Parties of this Agreement and
    the consummation by them of the Transactions have been duly
    authorized and approved by the board of directors or other
    governing body of each of the SM Parties (if an entity) (it
    being agreed that, with respect to Deutsche Bank AG, Hong Kong
    Branch, this requirement shall be satisfied through the delivery
    of documentation evidencing that all necessary corporate action
    has been taken to authorize and approve such matters), such
    authorization and approval remains in effect and has not been
    rescinded or qualified in any way, and no other proceedings on
    the part of any such entities are necessary to authorize this
    Agreement and the Transactions.
</DIV>

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    <BR>
    A-1-12
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<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (b)&#160;The appointment of the Designated Agent to act for and
    on behalf of the Non-signing SM Shareholder in accordance with
    this Agreement has been duly authorized by the board of
    directors of SM Cayman, such authorization and approval is
    valid, effective and enforceable, remains in effect and has not
    been rescinded or qualified in any way, and no other proceedings
    on the part of SM Cayman or any other Person are necessary to
    authorize such appointment. The Designated Agent has full power
    and authority to transfer the Other SM Shares pursuant to the
    terms hereof and (except as set forth in Section&#160;7.1(a) of
    the SM Disclosure Schedule) such transfer shall be valid,
    effective and enforceable in accordance with all applicable
    Legal Requirements.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (c)&#160;The appointment of the SM Shareholders&#146;
    Representatives to act for and on behalf of the SM Shareholders
    and the Non-signing SM Shareholder has been duly authorized by
    the SM Shareholders and the Designated Agent on behalf of the
    Non-signing SM Shareholder, such authorization and approval is
    valid, effective and enforceable, remains in effect and has not
    been rescinded or qualified in any way, and no other proceedings
    on the part of the SM Shareholders and the Non-signing SM
    Shareholder or any other Person are necessary to authorize such
    appointment.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (d)&#160;Each of this Agreement and the Transaction Documents to
    which any SM Party is a party has been duly executed and
    delivered by such party and constitutes the valid, binding, and
    enforceable obligation of each of them, enforceable in
    accordance with its terms, except as enforceability may be
    limited by applicable bankruptcy, insolvency, reorganization,
    moratorium, fraudulent transfer or similar laws of general
    application now or hereafter in effect affecting the rights and
    remedies of creditors and by general principles of equity
    (regardless of whether enforcement is sought in a proceeding at
    law or in equity).
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <FONT style="font-variant: SMALL-CAPS">Section&#160;</FONT>7.4&#160;&#160;<I>Subsidiaries
    and Other Group Companies.</I>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (a)&#160;Section&#160;7.4(a) of the SM Disclosure Schedule lists
    all Subsidiaries of SM Cayman and indicates as to each the type
    of entity and its jurisdiction of organization. Except as set
    forth in Section&#160;7.4(a) of the SM Disclosure Schedule, SM
    Cayman does not directly or indirectly own any other equity or
    similar interest in or any interest convertible or exchangeable
    or exercisable for, any equity or similar interest in, any
    corporation, partnership, joint venture or other business
    association or entity. Except as set forth in
    Section&#160;7.4(a) of the SM Disclosure Schedule, SM Cayman is
    the direct, indirect or beneficial owner of all registered
    capital or outstanding shares of capital stock (as applicable)
    of its Subsidiaries, and all such registered capital and shares
    are duly authorized, validly issued, fully paid and
    nonassessable and are owned by SM Cayman free and clear of all
    Liens (except for clause&#160;(a) of the definition of Permitted
    Liens). Except as set forth in Section&#160;7.4(a) of the SM
    Disclosure Schedule, there are no outstanding subscriptions,
    options, warrants, puts, calls, rights, exchangeable or
    convertible securities or other commitments or agreements of any
    character relating to the issued or unissued capital stock or
    other securities of any Subsidiaries of SM Cayman or otherwise
    obligating any Subsidiaries of SM Cayman to issue, transfer,
    sell, purchase, redeem or otherwise acquire any such securities.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (b)&#160;The registered capital of Jingli Shanghai and the total
    number of shares and type of all authorized, issued and
    outstanding capital stock of Jingli Shanghai are set forth in
    Section&#160;7.4(b) of the SM Disclosure Schedule. Except as set
    forth in Section&#160;7.4(b) of the SM Disclosure Schedule:
    (i)&#160;no shares of capital stock or other voting securities
    of Jingli Shanghai are issued, reserved for issuance or
    outstanding; (ii)&#160;all registered capital of Jingli Shanghai
    is duly authorized, validly issued, fully paid and nonassessable
    and is not subject to or issued in violation of any purchase
    option, call option, right of first refusal, preemptive right,
    subscription right or any similar right under any provision of
    the SM Constituent Instruments or any Contract to which any of
    the SM Parties or other Group Companies is a party or otherwise
    bound; (iii)&#160;there are no bonds, debentures, notes or other
    indebtedness of Jingli Shanghai having the right to vote (or
    convertible into, or exchangeable for, securities having the
    right to vote) on any matters on which holders of the shares of
    capital stock of Jingli Shanghai may vote <B><I>(&#147;Voting
    Jingli Debt&#148;)</I></B>; (iv)&#160;there are no options,
    warrants, rights, convertible or exchangeable securities,
    &#147;phantom&#148; stock rights, stock appreciation rights,
    stock-based performance units, commitments, Contracts,
    arrangements or undertakings of any kind to which Jingli
    Shanghai is a party or is bound (A)&#160;obligating Jingli
    Shanghai to issue, deliver or sell, or cause to be issued,
    delivered or sold, additional shares of capital stock or other
    equity interests in, or any security convertible or
</DIV>

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    <BR>
    A-1-13
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<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    exercisable for or exchangeable into any capital stock of or
    other equity interest in, Jingli Shanghai or any Voting SM Debt
    or (B)&#160;obligating Jingli Shanghai to issue, grant, extend
    or enter into any such option, warrant, call, right, security,
    commitment, Contract, arrangement or undertaking; (v)&#160;there
    are no outstanding contractual obligations of Jingli Shanghai to
    repurchase, redeem or otherwise acquire any shares of Jingli
    Shanghai capital stock; and (vi)&#160;there are no registration
    rights (or equivalent concept) and there is no voting trust,
    proxy, or other agreement or understanding to which Jingli
    Shanghai is a party or by which Jingli Shanghai is bound with
    respect to any equity security of any class of Jingli Shanghai.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (c)&#160;Section&#160;7.4(c) of the SM Disclosure Schedule lists
    all Subsidiaries of Jingli Shanghai and indicates as to each the
    type of entity and its jurisdiction of organization. Except as
    set forth in Section&#160;7.4(c) of the SM Disclosure Schedule,
    Jingli Shanghai does not directly or indirectly own any other
    equity or similar interest in or any interest convertible or
    exchangeable or exercisable for, any equity or similar interest
    in, any corporation, partnership, joint venture or other
    business association or entity. Jingli Shanghai is the direct
    owner of all registered capital of its Subsidiaries, and all
    such registered capital is duly authorized, validly issued,
    fully paid and nonassessable and is owned by Jingli Shanghai
    free and clear of all Liens (except for clause&#160;(a) of the
    definition of Permitted Liens). There are no outstanding
    subscriptions, options, warrants, puts, calls, rights,
    exchangeable or convertible securities or other commitments or
    agreements of any character relating to the issued or unissued
    capital stock or other securities of any Subsidiaries of Jingli
    Shanghai or otherwise obligating any Subsidiaries of Jingli
    Shanghai to issue, transfer, sell, purchase, redeem or otherwise
    acquire any such securities.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (d)&#160;In respect of each Group Company that is organized and
    existing under the laws of the PRC (except as set forth in
    Section&#160;7.4(d) of the SM Disclosure Schedule), the full
    amount of the registered capital thereof has been contributed,
    such contribution has been duly verified by a certified
    accountant registered in the PRC and the accounting firm
    employing such accountant, and the report of the certified
    accountant evidencing such verification has been registered with
    the SAIC.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <FONT style="font-variant: SMALL-CAPS">Section&#160;</FONT>7.5&#160;&#160;<I>No
    Conflicts.</I>&#160;&#160;Except as set forth in
    Section&#160;7.5 of the SM Disclosure Schedule, the execution
    and delivery of this Agreement or any of the Transaction
    Documents by each of the SM Parties and the consummation of the
    Transactions and compliance with the terms hereof and thereof
    will not, (a)&#160;conflict with, or result in any violation of
    or default (with or without notice or lapse of time, or both)
    under, or give rise to a right of termination, cancellation or
    acceleration of any obligation or to loss of a material benefit
    under, or result in the creation of any Lien (other than a
    Permitted Lien) upon any of the assets and properties of any
    Group Company under any provision of: (i)&#160;any SM
    Constituent Instrument; (ii)&#160;any Material Contract (as
    defined in Section&#160;7.18 herein) to which any Group Company
    is a party or to or by which it (or any of its assets and
    properties) is subject or bound; or (iii)&#160;any material
    Permit of any Group Company; (b)&#160;subject to the filings and
    other matters referred to in Section&#160;7.6, conflict with or
    violate in any material respect any Judgment or Legal
    Requirement applicable to any Group Company, or its properties
    or assets; (c)&#160;terminate or modify, or give any third party
    the right to terminate or modify, the provisions or terms of any
    Material Contract to which any Group Company is a party; or
    (d)&#160;cause any of the assets owned by any Group Company to
    be reassessed or revalued in any material respect by any
    Governmental Authority, except, in the case of clauses (a)(ii),
    (a)(iii), (b), (c), and (d)&#160;above, any such items that,
    individually or in the aggregate, have not had and would not
    reasonably be expected to have a Material Adverse Effect on the
    Group Companies, taken as a whole.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <FONT style="font-variant: SMALL-CAPS">Section&#160;</FONT>7.6&#160;&#160;<I>Consents
    and Approvals.</I>&#160;&#160;Except as set forth in
    Section&#160;7.6 of the SM Disclosure Schedule, no material
    consent, approval, license, permit, order or authorization of,
    or material registration, declaration or filing with any
    Governmental Authority <B><I>(&#147;Consent&#148;)</I></B> is
    required to be obtained or made by or with respect to any Group
    Company in connection with the execution, delivery and
    performance of this Agreement or the consummation of any of the
    Transactions.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <FONT style="font-variant: SMALL-CAPS">Section&#160;</FONT>7.7&#160;&#160;<I>Financial
    Statements.</I>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (a)&#160;SM Cayman has furnished Ideation (i) (x)&#160;the
    audited financial statements for Shanghai Sige Advertising and
    Media Co., Ltd. and Shenzhen Dale Advertising Co., Ltd. for the
    fiscal year ended December&#160;31, 2006 (the
    <B><I>&#147;Predecessor Audited Financial
    Statements&#148;</I></B>) and (y)&#160;the audited consolidated
</DIV>

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    <BR>
    A-1-14
</DIV><!-- END PAGE WIDTH -->
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<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    financial statements for SM Cayman and the Group Companies
    required to be included in such financial statements for the
    fiscal year ended December&#160;31, 2007 (the
    <B><I>&#147;Audited Financial Statements&#148;</I></B>) and
    (ii)&#160;the unaudited consolidated financial statements for SM
    Cayman and the Group Companies required to be included in such
    financial statements for the six-month period ended
    June&#160;30, 2008 (the <B><I>&#147;Unaudited Financial
    Statements,&#148;</I></B> and together with the Predecessor
    Audited Financial Statements and the Audited Financial
    Statements, the <B><I>&#147;SM Financial
    Statements&#148;</I></B>). The Predecessor Audited Financial
    Statements and the Audited Financial Statements, including the
    notes thereto, have been prepared in accordance with
    U.S.&#160;GAAP, applied on a consistent basis throughout the
    period involved (except as may be otherwise specified in the
    notes thereto). The Unaudited Financial Statements have been
    prepared in accordance with U.S.&#160;GAAP, applied on a
    consistent basis throughout the period involved. The Predecessor
    Audited Financial Statements fairly present in all material
    respects the financial condition and operating results, change
    in stockholders&#146; equity and cash flow of Shanghai Sige
    Advertising and Media Co., Ltd. and Shenzhen Dale Advertising
    Co., Ltd. as of the date, and for the period, indicated therein
    and are accompanied by an unqualified opinion of an
    internationally recognized and U.S.&#160;registered independent
    public accounting firm qualified to practice before the Public
    Company Accounting Oversight Board. The Audited Financial
    Statements fairly present in all material respects the
    consolidated financial condition and operating results, change
    in stockholders&#146; equity and cash flow of SM Cayman and the
    Group Companies required to be included in such financial
    statements as of the date, and for the period, indicated therein
    and are accompanied by an unqualified opinion of an
    internationally recognized and U.S.&#160;registered independent
    public accounting firm qualified to practice before the Public
    Company Accounting Oversight Board. The Unaudited Financial
    Statements fairly present in all material respects the
    consolidated financial condition and operating results, change
    in stockholders&#146; equity and cash flow of SM Cayman and the
    Group Companies required to be included in such financial
    statements as of the date, and for the period, indicated
    therein, subject to normal year-end audit adjustments, none of
    which shall, in the aggregate, be material.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (b)&#160;The Group Companies do not have any Off-Balance Sheet
    Arrangements.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (c)&#160;The Group Companies have implemented and maintain a
    system of internal accounting controls to provide reasonable
    assurance that (a)&#160;transactions are executed in accordance
    with management&#146;s general or specific authorizations,
    (b)&#160;transactions are recorded as necessary to permit
    preparation of financial statements in conformity with IFRS and
    US GAAP, (c)&#160;access to assets is permitted only in
    accordance with management&#146;s general or specific
    authorization, and (d)&#160;the recorded accountability for
    assets is compared with the existing assets at reasonable
    intervals and appropriate action is taken with respect to any
    differences.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (d)&#160;True and complete copies of each acquisition contract
    between Jingli Shanghai and any other Person relating to the
    acquisition of any Subsidiary of Jingli Shanghai or its business
    (by asset or share purchase, share exchange, merger, or
    otherwise) have been provided to Ideation if such contract is
    still in full force and effect and provides for any earn-out,
    installment or other contingent payments due from Jingli
    Shanghai or any other Group Company to any other Person pursuant
    to its terms.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <FONT style="font-variant: SMALL-CAPS">Section&#160;</FONT>7.8&#160;&#160;<I>Absence
    of Certain Changes or Events.</I>&#160;&#160;Except as disclosed
    in the SM Financial Statements or in Section&#160;7.8 of the SM
    Disclosure Schedule, from June&#160;30, 2008 to the date of this
    Agreement, there has not been:
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (a)&#160;any event, situation or effect (whether or not covered
    by insurance) that has resulted in, or to the SM Entities&#146;
    Knowledge is reasonably likely to result in, a Material Adverse
    Effect on the Group Companies, taken as a whole;
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (b)&#160;any material damage, destruction or loss to, or any
    material interruption in the use of, any of the assets of any of
    the Group Companies (whether or not covered by insurance);
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (c)&#160;any material change to, or amendment or waiver of a
    material term of, a Material Contract by which any of the Group
    Companies or any of its respective assets is bound or subject;
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (d)&#160;any mortgage, pledge, transfer of a security interest
    in, or Lien, created by any of the Group Companies or to which
    any such Group Company&#146;s properties, assets or rights is
    subject, with respect to any of its material properties, assets
    or rights, except for Permitted Liens;
</DIV>

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    <BR>
    A-1-15
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<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (e)&#160;any payments, loans or guarantees made by any of the
    Group Companies to or for the benefit of any of its officers or
    directors, or any members of their immediate families, or any
    material payments, loans or guarantees made by the Group
    Companies to or for the benefit of any of its employees or any
    members of their immediate families, in each case other than
    payment of ordinary course compensation and benefits, travel
    advances and other advances made in the ordinary course of its
    business;
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (f)&#160;any change of the identity of its auditors or material
    alteration of any Group Company&#146;s method of accounting or
    accounting practice;
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (g)&#160;any declaration, accrual, set aside or payment of
    dividend or any other distribution of cash or other property in
    respect of any shares of capital stock of any Group Company or
    any purchase, redemption or agreements to purchase or redeem by
    any Group Company of any shares of capital stock or other
    securities;
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (h)&#160;any sale, issuance or grant, or authorization of the
    issuance of equity securities of any Group Company, except
    pursuant to the Option Plan;
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (i)&#160;any amendment to any SM Constituent Instruments;
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (j)&#160;any merger, consolidation, share exchange, business
    combination, recapitalization, reclassification of shares, stock
    split, reverse stock split or similar transaction involving any
    Group Company;
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (k)&#160;any creation of any Subsidiary of any of the Group
    Companies or acquisition by any of the Group Companies of any
    assets (other than in the ordinary course of business), equity
    interest or other interest in any other Person;
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (l)&#160;any material Tax election by any Group Company, any
    change in accounting method in respect of Taxes, any amendment
    to any Tax Returns, entry into any closing or equivalent
    agreement, any settlement of any claim or assessment in respect
    of any Taxes, or any consent to any waiver of the limitation
    period applicable to any claim or assessment in respect of any
    Taxes;
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (m)&#160;any commencement or settlement of any material Actions
    by any of the Group Companies;
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (n)&#160;any granting by any Group Company of any material
    increases in compensation (excluding sales commissions) or
    fringe benefits (in the aggregate), except for normal increases
    of base salary in the ordinary course of business not exceeding
    US$1,000,000 on an annualized basis in the aggregate, or any
    payment by any Group Company of any bonuses (excluding sales
    commissions), or any granting by any Group Company of any
    material increases in severance or termination pay or any entry
    by any Group Company into any currently effective employment,
    severance, termination or indemnification agreement the benefits
    of which are contingent, or the terms of which are materially
    altered, upon the occurrence of a transaction involving any
    Group Company of the nature contemplated by this Agreement;
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (o)&#160;any transfer or license to any Person or entity of any
    material Intellectual Property Rights in excess of US$250,000;
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (p)&#160;other than in the ordinary course of business, any
    sale, lease, license or other disposal of or encumbrance of any
    of its properties or assets which are material, individually or
    in the aggregate, to its business in excess of US$250,000;
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (q)&#160;any payment, discharge, or satisfaction in an amount in
    excess of US$250,000 of any single claim (or series of related
    claims), liability or obligation (absolute, accrued, asserted or
    unasserted, contingent or otherwise) arising other than the
    payment, discharge or satisfaction of liabilities reflected or
    reserved against in the SM Financial Statements or incurred in
    the ordinary course of business;
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (r)&#160;any capital expenditures, capital additions or capital
    improvements, except in the ordinary course of business, that
    exceed US$250,000 individually or in the aggregate;
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (s)&#160;any opening or closing of any significant facility or
    office;
</DIV>

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    <BR>
    A-1-16
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<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (t)&#160;any material revaluation by any Group Company of any of
    its assets, including, without limitation, writing down the
    value of a material amount of capitalized inventory or writing
    off a material amount of notes or accounts receivable;&#160;or
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (u)&#160;any negotiations, arrangement or commitment by any of
    the Group Companies to take any of the foregoing actions.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <FONT style="font-variant: SMALL-CAPS">Section&#160;</FONT>7.9&#160;&#160;<I>No
    Undisclosed Liabilities.</I>&#160;&#160;Except as set forth in
    Section&#160;7.9 of the SM Disclosure Schedule, the Group
    Companies (considered as a whole) have no obligations or
    liabilities of any nature (matured or unmatured, fixed or
    contingent, known or unknown), other than (a)&#160;those set
    forth or adequately provided for in the Balance Sheet included
    in the Unaudited Financial Statements (the <B><I>&#147;SM
    Balance Sheet&#148;</I></B>)<I>, </I>(b)&#160;those incurred
    since the SM Balance Sheet date that do not exceed US$1,000,000
    in the aggregate and (c)&#160;those incurred in connection with
    the negotiation, execution, delivery and performance of this
    Agreement.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <FONT style="font-variant: SMALL-CAPS">Section&#160;</FONT>7.10&#160;&#160;<I>Litigation.</I>&#160;&#160;Except
    as set forth in Section&#160;7.10 of the SM Disclosure Schedule,
    as of the date of this Agreement, there is no private or
    governmental action, suit, inquiry, notice of violation, claim,
    arbitration, audit, proceeding (including any partial proceeding
    such as a deposition) or investigation
    <B><I>(&#147;Action&#148;)</I></B> pending or threatened in
    writing against any of the Group Companies, any of their
    respective officers or directors (in their capacities as such)
    or any of their respective properties before or by any
    Governmental Authority which (a)&#160;adversely affects or
    challenges the legality, validity or enforceability of this
    Agreement or (b)&#160;if there were an unfavorable decision,
    individually or in the aggregate, has had or would reasonably be
    expected to result in a Material Adverse Effect on the Group
    Companies, taken as a whole. Except as set forth
    Section&#160;7.10 of the SM Disclosure Schedule, there is no
    material Judgment imposed upon any of the Group Companies, any
    of their respective officers or directors (in their capacities
    as such) or any of their respective properties. Neither the
    Group Companies, nor any director or officer thereof (in his or
    her capacity as such), is or has been the subject of any Action
    involving a material claim or material violation of or material
    liability under the securities laws of any Governmental
    Authority or a material claim of breach of fiduciary duty.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <FONT style="font-variant: SMALL-CAPS">Section&#160;</FONT>7.11&#160;&#160;<I>Licenses,
    Permits, Etc.</I>&#160;&#160;Except as set forth in
    Section&#160;7.11 of the SM Disclosure Schedule, each of the
    Group Companies possesses all material Permits necessary to
    conduct the business engaged in by such Group Company in the
    manner currently conducted. Such material Permits are described
    or set forth on Section&#160;7.11 of the SM Disclosure Schedule.
    True, complete and correct copies of the material Permits issued
    to the Group Companies have previously been delivered to
    Ideation. All such material Permits are in full force and
    effect. Except as set forth in Section&#160;7.11 of the SM
    Disclosure Schedule, each Group Company has complied with all
    terms of such material Permits in all material respects. Except
    as set forth in Section&#160;7.11 of the SM Disclosure Schedule,
    no Group Company is in material default under any of such
    material Permits, and to the Knowledge of the SM Entities, no
    event has occurred and no condition exists which, with the
    giving of notice or the passage of time, or both, would
    constitute a default thereunder.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <FONT style="font-variant: SMALL-CAPS">Section&#160;</FONT>7.12&#160;&#160;<I>Title
    to Properties.</I>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (a)&#160;<I>Real Property.</I>&#160;&#160;Section&#160;7.12(a)
    of the SM Disclosure Schedule contains an accurate and complete
    list and description of (i)&#160;all real properties owned or
    leased by any Group Company (except for such leased real estate
    for which the annual rental payment is less than US$20,000)
    (collectively, the <B><I>&#147;Real Property&#148;</I></B>)<I>,
    </I>and (ii)&#160;any lease under which any such Real Property
    is possessed and which involves an annual rental payment of
    US$20,000 or more (the <B><I>&#147;Real Estate
    Leases&#148;</I></B>), provided, that leases and similar
    Contracts with respect to elevators and billboard locations
    shall be deemed not to be leases of Real Property. None of the
    Group Companies is in material default under any of the Real
    Estate Leases, and to the Knowledge of the SM Entities, there is
    no material default by any of the lessors thereunder. No Group
    Company owns any real property.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (b)&#160;<I>Tangible Personal Property.</I>&#160;&#160;The Group
    Companies are in possession of and have good title to, or have
    valid leasehold interests in or valid contractual rights to use
    all material tangible personal property as reflected in the SM
    Financial Statements, and material tangible personal property
    acquired since June&#160;30, 2008 (collectively, the
    <B><I>&#147;Tangible Personal Property&#148;</I></B>), other
    than such Tangible Personal Property disposed of in
</DIV>

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    <BR>
    A-1-17
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<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    the ordinary course of business with a value not exceeding
    US$100,000. All Tangible Personal Property is free and clear of
    all Liens other than Permitted Liens. The Tangible Personal
    Property is in good order and condition, ordinary wear and tear
    excepted, and its use complies in all material respects with all
    applicable Legal Requirements. No Group Company has granted any
    lease, sublease, tenancy or license to any material portion of
    the Tangible Personal Property.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <FONT style="font-variant: SMALL-CAPS">Section&#160;</FONT>7.13&#160;&#160;<I>Intellectual
    Property.</I>&#160;&#160;Section&#160;7.13 of the SM Disclosure
    Schedule sets forth a description of any patents, trademarks,
    domain names, copyrights, and any applications therefor which
    are material to the conduct of the business of the Group
    Companies (taken as a whole). Except as set forth in
    Section&#160;7.13 of the SM Disclosure Schedule, the Group
    Companies own, free and clear of any Liens, other than Permitted
    Liens, or are validly licensed or otherwise have the right to
    use, all patents, trademarks, domain names and copyrights listed
    on Section&#160;7.13 of the SM Disclosure Schedules and all
    trade names, service marks, computer software and Trade Secrets
    material to the conduct of their business (taken as a whole) as
    currently conducted <B><I>(&#147;Intellectual Property
    Rights&#148;</I></B>). Except as set forth in Section&#160;7.13
    of the SM Disclosure Schedule, (i)&#160;no material claims are
    pending or, to the Knowledge of the SM Entities, threatened that
    any of the Group Companies is infringing or otherwise adversely
    affecting the rights of any Person with regard to any
    Intellectual Property Right; and (ii)&#160;to the Knowledge of
    the SM Entities, no Person is infringing the rights of the Group
    Companies with respect to any Intellectual Property Right.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <FONT style="font-variant: SMALL-CAPS">Section&#160;</FONT>7.14&#160;&#160;<I>Taxes.</I>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (a)&#160;The Group Companies have timely filed, or have caused
    to be timely filed on their behalf, all Tax Returns relating to
    Taxes determined by reference to income, earnings, or revenues
    and all other material Tax Returns that are or were required to
    be filed by or with respect to any of them, either separately or
    as a member of group of corporations, pursuant to applicable
    Legal Requirements. All Tax Returns filed by (or that include on
    a consolidated basis) any of the Group Companies were (and, as
    to a Tax Return not filed as of the date hereof, will be) in all
    material respects true, complete and accurate. All material
    Taxes due and payable by each of the Group Companies have been
    paid by such Group Company in compliance with applicable Legal
    Requirements and there are no unpaid material Taxes claimed to
    be due in writing, or, to the Knowledge of the SM Entities,
    otherwise claimed, by any Governmental Authority in charge of
    taxation of any jurisdiction, nor any claim in writing or, to
    the Knowledge of the SM Entities, any other claim, for
    additional material Taxes for any period for which Tax Returns
    have been filed.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (b)&#160;Section&#160;7.14(b) of the SM Disclosure Schedule
    lists all the relevant Governmental Authorities in charge of
    taxation in which Tax Returns are filed with respect to the
    Group Companies, and indicates those Tax Returns that have been
    audited or that are currently the subject of an audit since
    December&#160;31, 2007. None of the Group Companies has received
    any notice in writing or, to the Knowledge of the SM Entities,
    any other notice, that any Governmental Authority will audit or
    examine (except for any general audits or examinations routinely
    performed by such Governmental Authorities), seek information
    with respect to, or make material claims or assessments with
    respect to any Taxes for any period. The SM Entities have
    delivered or made available to Ideation correct and complete
    copies of all Tax Returns, correspondence with Governmental
    Authorities regarding Taxes, examination reports, and statements
    of deficiencies filed by, assessed against or agreed to by any
    of the Group Companies, for and during fiscal years 2007 and
    2008.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (c)&#160;The SM Financial Statements reflect an adequate reserve
    for all Taxes payable by the Group Companies (in addition to any
    reserve for deferred Taxes to reflect timing differences between
    book and Tax items) for all taxable periods and portions thereof
    through the date of such financial statements. None of the Group
    Companies is either a party to or bound by any Tax indemnity,
    Tax sharing or similar agreement and the Group Companies
    currently have no liability and will not have any liabilities
    for any Taxes of any other Person under any agreement or by the
    operation of any law. No deficiency with respect to any Taxes
    has been proposed, asserted or assessed against any of the Group
    Companies, and no requests for waivers of the time to assess any
    such Taxes are pending.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (d)&#160;None of the Group Companies has requested any extension
    of time within which to file any Tax Return, which Tax Return
    has not since been filed. None of the Group Companies has
    executed any outstanding waivers or comparable consents
    regarding the application of the statute of limitations with
    respect
</DIV>

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    <BR>
    A-1-18
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<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    to any Taxes or Tax Returns. No power of attorney currently in
    force has been granted by any of the Group Companies concerning
    any Taxes or Tax Return.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (e)&#160;None of the Group Companies (i)&#160;is currently
    engaged in the conduct of a trade or business within the United
    States; (ii)&#160;is a corporation or other entity organized or
    incorporated in the United States; (iii)&#160;owns or has ever
    owned any United States real property interests as described in
    Section&#160;897 of the Code or (iv)&#160;has any employees that
    are subject to Tax in the United States with respect to amounts
    paid by such Group Company.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (f)&#160;Each Group Company has withheld and remitted to the
    appropriate Governmental Authorities in compliance with all
    Legal Requirements all Taxes required to be withheld and
    remitted by such Group Company in connection with payments made
    to other persons.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <FONT style="font-variant: SMALL-CAPS">Section&#160;7.15&#160;&#160;</FONT><I>Employment
    Matters</I>.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (a)&#160;<I>Benefit Plans.</I>&#160;&#160;Except for the Option
    Plan, SM Options and as otherwise set forth in
    Section&#160;7.15(a) of the SM Disclosure Schedule, none of the
    Group Companies has or maintains any bonus, pension, profit
    sharing, deferred compensation, incentive compensation, stock
    ownership, stock purchase, stock option, phantom stock,
    retirement, vacation, severance, disability, death benefit,
    hospitalization, medical or other plan, arrangement or
    understanding (whether or not legally binding) providing
    material benefits to any current or former employee, officer or
    director of any of the Group Companies. Neither the execution
    and delivery of this Agreement nor the consummation of the
    Transactions will (either alone or in conjunction with any other
    event) result in, cause the accelerated vesting or delivery of,
    or increase the amount or value of, any payment or benefit to
    any employee of any of the Group Companies. Except as set forth
    in Section&#160;7.15(a) of the SM Disclosure Schedule, there are
    no severance or termination agreements or arrangements currently
    in effect between any of the Group Companies and any of its
    current or former employees, officers or directors, nor do any
    of the Group Companies have any general severance plan or policy
    currently in effect for any of its employees, officers or
    directors.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (b)&#160;<I>Labor Matters.</I>&#160;&#160;(i)&#160;there are no
    collective bargaining or other labor union agreements to which
    any of the Group Companies is a party or by which it is bound;
    (ii)&#160;no material labor dispute exists or, to the Knowledge
    of the SM Entities, is threatened with respect to any of the
    employees of any of the Group Companies; (iii)&#160;none of the
    Group Companies is the subject of any Actions asserting that any
    of the Group Companies has committed an unfair labor practice or
    seeking to compel it to bargain with any labor organization as
    to wages or conditions of employment; (iv)&#160;there is no
    strike, work stoppage or other labor dispute involving any of
    the Group Companies pending or, to the SM Entities&#146;
    Knowledge, threatened; (v)&#160;no complaint, charge or Actions
    by or before any Governmental Authority brought by or on behalf
    of any employee, prospective employee, former employee, retiree,
    labor organization or other representative of its employees is
    pending or, to the SM Entities&#146; Knowledge, threatened
    against any of the Group Companies; (vi)&#160;no material
    grievance is pending or, to the SM Entities&#146; Knowledge,
    threatened against any of the Group Companies; and
    (vii)&#160;none of the Group Companies is a party to, or
    otherwise bound by, any consent decree with, or to the Knowledge
    of the SM Entities, citation by, any Governmental Authorities
    relating to employees or employment practices.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (c)&#160;<I>Executive Officers.</I>&#160;&#160;As of the date of
    this Agreement, no executive officer of any Group Company has
    notified such entity in writing that such officer intends to
    leave any Group Company or otherwise terminate such
    officer&#146;s employment with any Group Company in connection
    with the consummation of the Transactions or within 60&#160;days
    following the Closing Date.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <FONT style="font-variant: SMALL-CAPS">Section&#160;</FONT>7.16&#160;&#160;<I>Transactions
    With Affiliates and Employees.</I>&#160;&#160;Except as
    disclosed in Section&#160;7.16 of the SM Disclosure Schedule,
    none of the executive officers or directors of the Group
    Companies and none of the SM Shareholders or the Non-signing SM
    Shareholder is a party, directly or indirectly, to any
    transaction with any of the Group Companies that is required to
    be disclosed under Rule&#160;404(a) of
    <FONT style="white-space: nowrap">Regulation&#160;S-K</FONT>
    if such Legal Requirement applied to the Group Companies (other
    than for services as employees, officers and directors),
    including any Contract providing for the furnishing of services
    to or by, providing for rental of real or personal property to
    or from, or otherwise requiring payments to or from any
    executive officer or director
</DIV>

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    <BR>
    A-1-19
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<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    or, to the Knowledge of the SM Entities, any entity in which any
    executive officer or director has a substantial interest or is
    an officer, director, partner or other equity holder.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <FONT style="font-variant: SMALL-CAPS">Section&#160;</FONT>7.17&#160;&#160;<I>Insurance.</I>&#160;&#160;None
    of the Group Companies is a party to any material contract of
    insurance.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <FONT style="font-variant: SMALL-CAPS">Section&#160;7.18&#160;&#160;</FONT><I>Material
    Contracts</I>.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (a)&#160;SM Cayman has made available to Ideation, prior to the
    date of this Agreement, true, correct and complete copies of
    each of the following written Contracts, as amended and
    supplemented, to which any of the Group Companies is a party:
    (i)&#160;any agreement that would be considered a material
    contract with respect to any Group Company pursuant to
    Item&#160;601(b)(10) of
    <FONT style="white-space: nowrap">Regulation&#160;S-K</FONT>
    (if such Legal Requirement were applicable to such entities and
    without reference to &#147;registration statements&#148; or
    &#147;reports&#148; thereunder); (ii)&#160;any loan agreement,
    mortgage, note, installment obligation, indenture or other
    instrument, agreement or arrangement relating to any outstanding
    indebtedness in excess of US$250,000; (iii)&#160;all VIE
    Contracts; (iv)&#160;all Subway Placement Contracts;
    (v)&#160;all Frame Placement Contracts and Billboard Placement
    Contracts requiring annual payments in excess of US$1,000,000;
    and (vi)&#160;any agreement (other than a Frame Placement
    Contract, Billboard Placement Contract, or Subway Placement
    Contract) requiring annual expenditures in excess of
    US$1,000,000 or generating annual revenues for any Group Company
    in excess of US$500,000 (each, a <B><I>&#147;Material
    Contract&#148;</I></B>). A list of each such Material Contract
    is set forth on Section&#160;7.18(a) of the SM Disclosure
    Schedule. Except as set forth on Section&#160;7.18(a) of the SM
    Disclosure Schedule, none of the Group Companies is in violation
    of or in default under (nor does there exist any condition which
    upon the passage of time or the giving of notice or both would
    cause such a violation of or default under) any Contract to
    which it is a party or by which it or any of its properties or
    assets is bound except for violations or defaults that would
    not, individually or in the aggregate, reasonably be expected to
    result in a Material Adverse Effect on the Group Companies,
    taken as a whole. To the Knowledge of the SM Entities, except as
    set forth on Section&#160;7.18(a) of the SM Disclosure Schedule,
    no other Person has materially violated or breached, or
    committed or suffered any material default under, any Material
    Contract.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (b)&#160;Except as set forth on Section&#160;7.18(b) of the SM
    Disclosure Schedule, each Material Contract is a legal, valid
    and binding agreement, and is in full force and effect, and
    (i)&#160;none of the Group Companies is in breach or default of
    any Material Contract to which it is a party in any material
    respect; (ii)&#160;to the Knowledge of the SM Entities, no event
    has occurred or circumstance has existed that (with or without
    notice or lapse of time), will or would reasonably be expected
    to, (A)&#160;contravene, conflict with or result in a violation
    or breach of, or become a default or event of default under, any
    provision of any Material Contract; or (B)&#160;permit any Group
    Company or any other Person the right to declare a default or
    exercise any remedy under, or to accelerate the maturity or
    performance of, or to cancel, terminate or modify any Material
    Contract; and (iii)&#160;none of the Group Companies has
    received notice of the pending or threatened cancellation,
    revocation or termination of any Material Contract to which it
    is a party. Except as set forth on Section&#160;7.18(b) of the
    SM Disclosure Schedule, since June&#160;30, 2008, and prior to
    the date of this Agreement, none of the Group Companies has
    received any written notice or other written communication
    regarding any actual or possible material violation or breach
    of, or material default under, any Material Contract.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <FONT style="font-variant: SMALL-CAPS">Section&#160;</FONT>7.19&#160;&#160;<I>Compliance
    with Applicable Laws.</I>&#160;&#160;The Group Companies are in
    compliance with all applicable Legal Requirements, including
    those relating to occupational health and safety to which they
    are subject except for instances of noncompliance that,
    individually and in the aggregate, have not had and would not
    reasonably be expected to have a Material Adverse Effect on the
    Group Companies, taken as a whole. Except as set forth in
    Section&#160;7.19 of the SM Disclosure Schedule, none of the
    Group Companies has received any written communication during
    the past two years from a Governmental Authority alleging that
    any of the Group Companies is not in compliance in any material
    respect with any applicable Legal Requirement. This
    Section&#160;7.19 does not relate to matters with respect to
    Taxes, which are the subject of Section&#160;7.14. It also does
    not relate to matters with respect to: Foreign Corrupt Practices
    (which are the subject of Section&#160;7.20); PRC
    Representations and Warranties (which are the subject of
    Section&#160;7.23); or Environmental Matters (which are the
    subject of Section&#160;7.24).
</DIV>

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    <BR>
    A-1-20
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<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <FONT style="font-variant: SMALL-CAPS">Section&#160;</FONT>7.20&#160;&#160;<I>Foreign
    Corrupt Practices.</I>&#160;&#160;Neither the Group Companies,
    nor any of the SM Shareholders, nor to the Knowledge of the SM
    Entities, any of their respective Representatives, nor, to the
    Knowledge of the SM Entities, the Non-signing Shareholder, has,
    in the course of its actions for, or on behalf of, the Group
    Companies, directly or indirectly, (a)&#160;used any corporate
    funds for any unlawful contribution, gift, entertainment or
    other unlawful expenses relating to political activity;
    (b)&#160;made any direct or indirect unlawful payment to any
    Governmental Authority or any foreign or domestic government
    official or employee from corporate funds; (c)&#160;violated or
    is in violation of any provision of the U.S.&#160;Foreign
    Corrupt Practices Act of 1977, as amended, and the rules and
    regulations thereunder; or (d)&#160;made any bribe, rebate,
    payoff, influence payment, kickback or other unlawful or
    improper payment in connection with the operations of Group
    Companies to any foreign or domestic government official or
    employee.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <FONT style="font-variant: SMALL-CAPS">Section&#160;</FONT>7.21&#160;&#160;<I>Brokers.</I>&#160;&#160;Except
    as set forth in Section&#160;7.21 of the SM Disclosure Schedule,
    no broker, investment banker, financial advisor or other Person
    is entitled to any broker&#146;s, finder&#146;s, financial
    advisor&#146;s or other similar fee or commission in connection
    with this Agreement or the Transactions based upon arrangements
    made by or on behalf of the Group Companies.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <FONT style="font-variant: SMALL-CAPS">Section&#160;</FONT>7.22&#160;&#160;<I>OFAC.</I>&#160;&#160;None
    of the Group Companies, any director or officer of the Group
    Companies, or, to the Knowledge of the SM Entities, any agent,
    employee, affiliate or Person acting on behalf of the Group
    Companies is currently identified on the specially designated
    nationals or other blocked person list or otherwise currently
    subject to any U.S.&#160;sanctions administered by the Office of
    Foreign Assets Control of the U.S.&#160;Treasury Department
    <B><I>(&#147;OFAC&#148;); </I></B>and the Group Companies have
    not, directly or indirectly, used any funds, or loaned,
    contributed or otherwise made available such funds to any
    Subsidiary, joint venture partner or other Person, in connection
    with any sales or operations in Cuba, Iran, Syria, Sudan,
    Myanmar or any other country sanctioned by OFAC or for the
    purpose of financing the activities of any Person currently
    subject to, or otherwise in violation of, any
    U.S.&#160;sanctions administered by OFAC.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <FONT style="font-variant: SMALL-CAPS">Section&#160;</FONT>7.23&#160;&#160;<I>Additional
    PRC Representations and Warranties.</I>&#160;&#160;Except as set
    forth in Section&#160;7.23 of the SM Disclosure Schedule,
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (a)&#160;All material consents, approvals, authorizations or
    licenses required under PRC law for the due and proper
    establishment and operation of the Group Companies have been
    duly obtained from the relevant PRC Governmental Authority and
    are in full force and effect.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (b)&#160;All material filings and registrations with the PRC
    Governmental Authorities required in respect of the Group
    Companies and their respective operations including, without
    limitation, the registration with
    <FONT style="white-space: nowrap">and/or</FONT>
    approval by the Ministry of Commerce, the State Administration
    of Industry and Commerce, the State Administration for Foreign
    Exchange, tax bureau and customs offices and other PRC
    Governmental Authorities that administer foreign investment
    enterprises have been duly completed in accordance with the
    relevant PRC rules and regulations.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (c)&#160;Each of the Group Companies has complied with all
    relevant PRC Legal Requirements regarding the contribution and
    payment of its registered share capital, the payment schedule of
    which has been approved by the relevant PRC Governmental
    Authority. There are no outstanding rights to acquire, or
    commitments made by any Group Company to sell, any of its equity
    interests.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (d)&#160;No Group Company is in receipt of any letter or notice
    from any relevant PRC Governmental Authority notifying it of the
    revocation, or otherwise questioning the validity, of any
    material licenses or qualifications issued to it or any subsidy
    granted to it by any PRC Governmental Authority for
    non-compliance with the terms thereof or with applicable PRC
    Legal Requirements, or the need for material compliance or
    remedial actions in respect of the activities carried out by
    such entity, and to the Knowledge of the SM Entities, there is
    no reasonable basis for any such letter or notice.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (e)&#160;Each of the Group Companies has conducted its business
    activities within its permitted scope of business or has
    otherwise operated its business in compliance, in all material
    respects, with all relevant Legal Requirements and with all
    requisite material licenses, approvals and certificates granted
    by competent PRC Governmental Authorities. As to material
    licenses, approvals and government grants and concessions
    required for the conduct of any part of any of the Group
    Companies&#146; business which are subject to periodic renewal,
    to
</DIV>

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    <BR>
    A-1-21
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<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    the Knowledge of the SM Entities, there are no reasonable
    grounds on which renewals of any such licenses, approvals,
    grants or concessions will not be granted by the relevant PRC
    Governmental Authorities.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (f)&#160;With regard to employment and staff or labor, each
    Group Company has complied, in all material respects, with all
    applicable PRC Legal Requirements, including without limitation,
    laws and regulations pertaining to welfare funds, social
    benefits, medical benefits, insurance, retirement benefits,
    pensions or the like.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <FONT style="font-variant: SMALL-CAPS">Section&#160;</FONT>7.24&#160;&#160;<I>Environmental
    Matters.</I>&#160;&#160;To the Knowledge of the SM Entities,
    each of the Group Companies is in and at all times has been in
    substantial compliance with, and has not been and is not in
    material violation of or subject to any material liability
    under, any Environmental Law and no Action or proceeding
    involving any Group Companies with respect to any Environmental
    Law is pending or, to the Knowledge of the SM Entities, is
    threatened.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <FONT style="font-variant: SMALL-CAPS">Section&#160;7.25&#160;&#160;</FONT><I>Restrictions
    on Business Activities</I>.&#160;&#160;There is no agreement,
    commitment, judgment, injunction, order or decree binding upon
    any of the Group Companies or their respective assets or to
    which any of them is a party which has or would reasonably be
    expected to have the effect of prohibiting or materially
    impairing the business of the Group Companies (taken as a
    whole), as currently conducted.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <FONT style="font-variant: SMALL-CAPS">Section&#160;7.26&#160;&#160;</FONT><I>Investment
    Company</I>.&#160;&#160;No Group Company is an &#147;investment
    company&#148; or an entity &#147;controlled&#148; by an
    &#147;investment company&#148; within the meaning of the
    Investment Company Act of 1940, as amended, and the rules and
    regulations of the SEC thereunder.
</DIV>

<DIV style="margin-top: 18pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <FONT style="font-family: 'Times New Roman', Times">ARTICLE&#160;VIII<BR>
    </FONT>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <FONT style="font-family: 'Times New Roman', Times">Representations
    and Warranties of Ideation
    </FONT>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Except as set forth in the Disclosure Schedule of Ideation
    attached hereto as <I>Schedule&#160;E </I>(the
    <B><I>&#147;Ideation Disclosure Schedule&#148;</I></B>), each of
    the Ideation Parties, jointly and severally, represents and
    warrants to the SM Parties and Linden Ventures as follows:
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <FONT style="font-variant: SMALL-CAPS">Section&#160;8.1&#160;&#160;</FONT><I>Capital
    Structure</I>.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (a)&#160;Section&#160;8.1(a) of the Ideation Disclosure Schedule
    sets forth the number of authorized and outstanding shares of
    capital stock of Ideation, the number of outstanding options,
    warrants or rights to acquire any shares of capital stock of
    Ideation, and the authorized shares of capital stock of ID
    Arizona. After the Conversion, the authorized share capital of
    ID Cayman will be as provided for in the Memorandum and Articles
    of ID Cayman attached hereto as <I>Exhibit&#160;A</I>. Other
    than those set forth on Section&#160;8.1(a) of the Ideation
    Disclosure Schedule or as contemplated by this Agreement, there
    are no options, warrants or other rights outstanding which give
    any Person the right to acquire any share of capital stock of
    Ideation.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (b)&#160;Except as set forth in Section&#160;8.1(b) of the
    Ideation Disclosure Schedule or as contemplated by this
    Agreement: (i)&#160;no shares of capital stock or other voting
    securities of Ideation were issued, reserved for issuance or
    outstanding; (ii)&#160;all outstanding shares of the capital
    stock of Ideation are, duly authorized, validly issued, fully
    paid and nonassessable and not subject to or issued in violation
    of any purchase option, call option, right of first refusal,
    preemptive right, subscription right or any similar right under
    any provision of the DGCL, the Ideation Constituent Instruments
    (as defined below) or any Contract to which Ideation is a party
    or otherwise bound; and (iii)&#160;there are no outstanding
    contractual obligations of Ideation to repurchase, redeem or
    otherwise acquire any shares of capital stock of Ideation.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (c)&#160;Except as set forth in Section&#160;8.1(c) of the
    Ideation Disclosure Schedule or as contemplated by this
    Agreement: (i)&#160;there are no bonds, debentures, notes or
    other indebtedness of Ideation having the right to vote (or
    convertible into, or exchangeable for, securities having the
    right to vote) on any matters on which holders of Common Stock
    may vote <B><I>(&#147;Voting Ideation Debt&#148;)</I></B>; and
    (ii)&#160;there are no options, warrants, rights, convertible or
    exchangeable securities, &#147;phantom&#148; stock rights, stock
    appreciation rights, stock-based performance units, commitments,
    Contracts, arrangements or undertakings of any kind to which
    Ideation is a party or by which it is bound (A)&#160;obligating
    Ideation to issue, deliver or sell, or cause to be issued,
    delivered
</DIV>

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    <BR>
    A-1-22
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<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    or sold, additional shares of capital stock or other equity
    interests in, or any security convertible or exercisable for or
    exchangeable into any capital stock of or other equity interest
    in, Ideation or any Voting Ideation Debt, or (B)&#160;obligating
    Ideation to issue, grant, extend or enter into any such option,
    warrant, call, right, security, commitment, Contract,
    arrangement or undertaking.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (d)&#160;Ideation is not a party to any agreement granting any
    security holder of Ideation the right to cause Ideation to
    register shares of the capital stock or other securities of
    Ideation held by such security holder under the Securities Act.
    The stockholder list provided to SM Cayman is a current
    shareholder list generated by Ideation&#146;s stock transfer
    agent, and such list accurately reflects all of the issued and
    outstanding shares of Ideation&#146;s capital stock.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <FONT style="font-variant: SMALL-CAPS">Section&#160;</FONT>8.2&#160;&#160;<I>Organization
    and Standing.</I>&#160;&#160;Ideation is duly organized, validly
    existing and in good standing under the laws of the State of
    Delaware. Ideation is duly qualified to do business in each of
    the jurisdictions in which the property owned, leased or
    operated by Ideation or the nature of the business which it
    conducts requires qualification, except where the failure to so
    qualify would not reasonably be expected to have a Material
    Adverse Effect on Ideation. Ideation has the requisite power and
    authority to own, lease and operate its tangible assets and
    properties and to carry on its business as now being conducted.
    Ideation has delivered to SM Cayman true and complete copies of
    the amended and restated certificate of incorporation of
    Ideation, as amended and as in effect on the date of this
    Agreement, and the bylaws of Ideation, as amended and as in
    effect on the date of this Agreement (the <B><I>&#147;Ideation
    Constituent Instruments&#148;</I></B>).
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <FONT style="font-variant: SMALL-CAPS">Section&#160;</FONT>8.3&#160;&#160;<I>Authority;
    Execution and Delivery; Enforceability.</I>&#160;&#160;Ideation
    has all requisite corporate power and authority to execute and
    deliver this Agreement and the Transaction Documents to which it
    is a party and to consummate the Transactions. The execution and
    delivery by Ideation of this Agreement and the consummation by
    Ideation of the Transactions have been duly authorized and
    approved by the Ideation Board and, other than the Stockholder
    Approval, no other corporate proceedings on the part of Ideation
    are necessary to authorize this Agreement and the Transactions.
    Other than the Stockholder Approval, all action, corporate and
    otherwise, necessary to be taken by Ideation to authorize the
    execution, delivery and performance of this Agreement, the
    Transaction Documents and all other agreements and instruments
    delivered by Ideation in connection with the Transactions have
    been duly and validly taken. Each of this Agreement and the
    Transaction Documents to which Ideation is a party has been duly
    executed and delivered by Ideation and constitutes the valid,
    binding, and enforceable obligation of Ideation, enforceable in
    accordance with its terms, except as enforceability may be
    limited by applicable bankruptcy, insolvency, reorganization,
    moratorium, fraudulent transfer or similar laws of general
    application now or hereafter in effect affecting the rights and
    remedies of creditors and by general principles of equity
    (regardless of whether enforcement is sought in a proceeding at
    law or in equity).
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <FONT style="font-variant: SMALL-CAPS">Section&#160;</FONT>8.4&#160;&#160;<I>No
    Subsidiaries or Equity Interests.</I>&#160;&#160;Ideation does
    not own, directly or indirectly, any capital stock, membership
    interest, partnership interest, joint venture interest or other
    equity interest in any Person other than its ownership interest
    in ID Arizona prior to the Merger Effective Time.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <FONT style="font-variant: SMALL-CAPS">Section&#160;</FONT>8.5&#160;&#160;<I>No
    Conflicts.</I>&#160;&#160;The execution and delivery of this
    Agreement or any of the Transaction Documents by Ideation and
    the consummation of the Transactions and compliance with the
    terms hereof and thereof will not, (a)&#160;conflict with, or
    result in any violation of or default (with or without notice or
    lapse of time, or both) under, or give rise to a right of
    termination, cancellation or acceleration of any obligation or
    to loss of a material benefit under, or result in the creation
    of any Lien (other than a Permitted Lien) upon any of the assets
    and properties of Ideation, under, any provision of any
    (i)&#160;any Ideation Constituent Instrument; (ii)&#160;any
    Ideation Material Contract (as defined in Section&#160;8.21
    herein) to which any Ideation is a party or to or by which it
    (or any of its assets and properties) is subject or bound; or
    (iii)&#160;any material Permit of Ideation; (b)&#160;subject to
    the filings and other matters referred to in Section&#160;8.6,
    conflict with or violate in any material respect any Judgment or
    Legal Requirement applicable to Ideation, or its properties or
    assets; (c)&#160;terminate or modify, or give any third party
    the right to terminate or modify, the provisions or terms of any
    Ideation Material Contract; or (d)&#160;cause any of the assets
    owned by Ideation to be reassessed or revalued in any material
    respect by any Governmental Authority.
</DIV>

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    <BR>
    A-1-23
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<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <FONT style="font-variant: SMALL-CAPS">Section&#160;</FONT>8.6&#160;&#160;<I>Consents
    and Approvals.</I>&#160;&#160;No material Consent of, or
    material registration, declaration or filing with, or permit
    from, any Governmental Authority is required to be obtained or
    made by or with respect to Ideation in connection with the
    execution, delivery and performance of this Agreement or the
    consummation of the Transactions, other than (i)&#160;the filing
    of the Certificate of Merger with the Secretary of State of
    Delaware and the filing of Articles of Merger with the Arizona
    Corporation Commission as provided in Section&#160;1.2;
    (ii)&#160;the filings in connection with the Conversion as
    provided in Section&#160;2.2; (iii)&#160;the filing with, and
    clearance by the SEC of the
    <FONT style="white-space: nowrap">Form&#160;S-4</FONT>
    Registration Statement containing a preliminary proxy
    statement/prospectus, which shall serve as a proxy statement
    pursuant to Section&#160;14(a), Regulation&#160;14A and
    Schedule&#160;14A under the Exchange Act, a registration
    statement under the Securities Act, and all other proxy
    materials for the Stockholders Meeting (as defined below) (the
    <B><I>&#147;Proxy Statement/Prospectus&#148;</I></B>) pursuant
    to which Ideation&#146;s stockholders must vote at a special
    meeting of stockholders to approve, among other thing, this
    Agreement and the Transactions; (iv)&#160;the filing of a
    <FONT style="white-space: nowrap">Form&#160;8-K</FONT>
    with the SEC within four (4)&#160;business days after the
    execution of this Agreement and of the Closing Date; and
    (v)&#160;any filing required with AMEX.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <FONT style="font-variant: SMALL-CAPS">Section&#160;</FONT>8.7&#160;&#160;<I>SEC
    Documents.</I>&#160;&#160;Ideation has filed all reports,
    schedules, forms, statements and other documents required to be
    filed by Ideation with the SEC since November&#160;19, 2007,
    pursuant to Sections&#160;13(a), 14(a) and 15(d) of the Exchange
    Act (the <B><I>&#147;Ideation SEC Documents&#148;</I></B>). As
    of its respective filing date, each Ideation SEC Document
    complied in all material respects with the requirements of the
    Exchange Act and the rules and regulations of the SEC
    promulgated thereunder applicable to such Ideation SEC Document,
    and did not contain any untrue statement of a material fact or
    omit to state a material fact required to be stated therein or
    necessary in order to make the statements therein, in light of
    the circumstances under which they were made, not misleading.
    Except to the extent that information contained in any Ideation
    SEC Document has been revised or superseded by a later filed
    Ideation SEC Document, none of the Ideation SEC Documents
    contains any untrue statement of a material fact or omits to
    state any material fact required to be stated therein or
    necessary in order to make the statements therein, in light of
    the circumstances under which they were made, not misleading.
    The consolidated financial statements of Ideation included in
    the Ideation SEC Documents comply as to form in all material
    respects with applicable accounting requirements and the
    published rules and regulations of the SEC with respect thereto,
    have been prepared in accordance with U.S.&#160;GAAP (except, in
    the case of unaudited statements, as permitted by the rules and
    regulations of the SEC) applied on a consistent basis during the
    periods involved (except as may be indicated in the notes
    thereto) and fairly present the consolidated financial position
    of Ideation as of the dates thereof and the consolidated results
    of their operations and cash flows as at the respective dates of
    and for the periods referred to in such financial statements
    (subject, in the case of unaudited financial statements, to
    normal year-end audit adjustments and the omission of notes to
    the extent permitted by
    <FONT style="white-space: nowrap">Regulation&#160;S-X</FONT>
    of the SEC).
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <FONT style="font-variant: SMALL-CAPS">Section&#160;8.8&#160;&#160;</FONT><I>Internal
    Accounting Controls</I>.&#160;&#160;Since January&#160;1, 2007,
    Ideation has maintained a system of internal accounting controls
    sufficient to provide reasonable assurance that
    (a)&#160;transactions are executed in accordance with
    management&#146;s general or specific authorizations,
    (b)&#160;transactions are recorded as necessary to permit
    preparation of financial statements in conformity with generally
    accepted accounting principles and to maintain asset
    accountability, (c)&#160;access to assets is permitted only in
    accordance with management&#146;s general or specific
    authorization, and (d)&#160;the recorded accountability for
    assets is compared with the existing assets at reasonable
    intervals and appropriate action is taken with respect to any
    differences. Ideation&#146;s officers have established
    disclosure controls and procedures for Ideation and designed
    such disclosure controls and procedures to ensure that material
    information relating to Ideation is made known to the officers
    by others within those entities. Ideation&#146;s officers have
    evaluated the effectiveness of Ideation&#146;s controls and
    procedures and there is no material weakness, significant
    deficiency or control deficiency, in each case as such term is
    defined in Public Company Accounting Oversight Board Auditing
    Std. No.&#160;2.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <FONT style="font-variant: SMALL-CAPS">Section&#160;</FONT>8.9&#160;&#160;<I>Absence
    of Certain Changes or Events.</I>&#160;&#160;From
    September&#160;30, 2008 to the date of this Agreement, there has
    not been:
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (a)&#160;any event, situation or effect (whether or not covered
    by insurance) that has resulted in, or to Ideation&#146;s
    Knowledge, is reasonably likely to result in, a Material Adverse
    Effect on Ideation;
</DIV>

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    <BR>
    A-1-24
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<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (b)&#160;any material change to, or amendment or waiver of a
    material term of, a material Contract by which Ideation or any
    of its respective assets is bound or subject;
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (c)&#160;any mortgage, pledge, transfer of a security interest
    in, or Lien, created by Ideation or to which any of
    Ideation&#146;s properties, assets or rights is subject, with
    respect to any of its material properties, assets or rights,
    except for Permitted Liens;
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (d)&#160;any payments loans or guarantees made by Ideation to or
    for the benefit of its officers or directors, or any members of
    their immediate families, or any material payments loans or
    guarantees made by Ideation to or for the benefit of any of its
    employees or any members of their immediate families, in each
    case, other than ordinary course travel advances and other
    advances made in the ordinary course of its business;
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (e)&#160;any change of the identity of its auditors or material
    alteration of Ideation&#146;s method of accounting or accounting
    practice;
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (f)&#160;any declaration, accrual, set aside or payment of
    dividend or any other distribution of cash or other property in
    respect of any shares of Ideation&#146;s capital stock or any
    purchase, redemption or agreements to purchase or redeem by
    Ideation of any shares of capital stock or other securities;
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (g)&#160;any issuance of equity securities to any officer,
    director or affiliate, except pursuant to existing Ideation
    stock option plans;
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (h)&#160;any amendment to any Ideation Constituent Instruments;
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (i)&#160;any material Tax election by Ideation, any change in
    accounting method in respect of Taxes, any amendment to any Tax
    Returns, entry into any closing or equivalent agreement, any
    settlement of any claim or assessment in respect of Taxes, or
    any consent to any waiver of the limitation period applicable to
    any claim or assessment in respect of Taxes;
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (j)&#160;any commencement or settlement of any material Actions
    by Ideation;
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (k)&#160;any negotiations, arrangement or commitment by Ideation
    to take any of the actions described in this Section&#160;8.9.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <FONT style="font-variant: SMALL-CAPS">Section&#160;</FONT>8.10&#160;&#160;<I>Undisclosed
    Liabilities.</I>&#160;&#160;Ideation has no liabilities or
    obligations of any nature (whether matured or unmatured, fixed
    or contingent, known or unknown) other than those (a)&#160;set
    forth on or adequately provided for in the balance sheet of
    Ideation as of December&#160;31, 2008, (b)&#160;incurred since
    the date of such balance sheet that are set forth in or of the
    type described in Section&#160;8.19 hereof and (c)&#160;those
    incurred in connection with the negotiation, execution, delivery
    and performance of this Agreement.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <FONT style="font-variant: SMALL-CAPS">Section&#160;</FONT>8.11&#160;&#160;<I>Litigation.</I>&#160;&#160;As
    of the date of this Agreement, there is no Action pending or
    threatened in writing against Ideation, any of its officers or
    directors (in their capacities as such) before or by any
    Governmental Authority, which (a)&#160;adversely affects or
    challenges the legality, validity or enforceability of this
    Agreement or (b)&#160;if there were an unfavorable decision,
    individually or in the aggregate, has had or would reasonably be
    expected to result in a Material Adverse Effect on Ideation.
    Neither Ideation, nor any director or officer thereof (in his or
    her capacity as such), is or has been the subject of any Action
    involving a material claim or material violation of or material
    liability under the securities laws of any Governmental
    Authority or a material claim of breach of fiduciary duty.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <FONT style="font-variant: SMALL-CAPS">Section&#160;</FONT>8.12&#160;&#160;<I>Compliance
    with Applicable Laws.</I>&#160;&#160;Ideation is in compliance
    with all applicable Legal Requirements, except for instances of
    noncompliance that, individually and in the aggregate, have not
    had and would not reasonably be expected to have a Material
    Adverse Effect on Ideation. Ideation has not received any
    written communication since its incorporation from a
    Governmental Authority alleging that Ideation is not in
    compliance in any material respect with any applicable Legal
    Requirement. This Section&#160;8.12 does not relate to matters
    with respect to Taxes, which are the subject of
    Section&#160;8.22. It also does not relate to matters with
    respect to: SEC Documents (which is the subject of
    Section&#160;8.7) and Sarbanes-Oxley (which is the subject of
    Section&#160;8.13).
</DIV>

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    <BR>
    A-1-25
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<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <FONT style="font-variant: SMALL-CAPS">Section&#160;</FONT>8.13&#160;&#160;<I>Sarbanes-Oxley
    Act of 2002.</I>&#160;&#160;Ideation is in material compliance
    with all provisions of the Sarbanes-Oxley Act of 2002 (the
    <B>&#147;Sarbanes-Oxley Act&#148;)</B> applicable to it as of
    the date hereof and as of the Closing. There has been no change
    in Ideation&#146;s accounting policies since inception except as
    described in the notes to the most recent Ideation financial
    statements. contained in the Ideation SEC Documents. Each
    required form, report and document containing financial
    statements that has been filed with or submitted to the SEC
    since inception, was accompanied by the certifications required
    to be filed or submitted by Ideation&#146;s chief executive
    officer and chief financial officer pursuant to the
    Sarbanes-Oxley Act, and at the time of filing or submission of
    each such certification, such certification was true and
    accurate and materially complied with the Sarbanes-Oxley Act and
    the rules and regulations promulgated thereunder. Neither
    Ideation, nor to the Knowledge of Ideation, any Representative
    of Ideation, has received or otherwise had or obtained knowledge
    of any complaint, allegation, assertion or claim, whether
    written or oral, regarding the accounting or auditing practices,
    procedures, methodologies or methods of Ideation or their
    respective internal accounting controls, including any
    complaint, allegation, assertion or claim that Ideation has
    engaged in questionable accounting or auditing practices, except
    for (a)&#160;any complaint, allegation, assertion or claim as
    has been resolved without any resulting change to
    Ideation&#146;s accounting or auditing practices, procedures
    methodologies or methods of Ideation or its internal accounting
    controls, and (b)&#160;questions regarding such matters raised
    and resolved in the ordinary course in connection with the
    preparation and review of Ideation&#146;s financial statements
    and periodic reports. To the Knowledge of Ideation, no attorney
    representing Ideation, whether or not employed by Ideation, has
    reported evidence of a material violation of securities laws,
    breach of fiduciary duty or similar violation by Ideation or any
    of its officers, directors, employees or agents to the Ideation
    Board or any committee thereof or to any director or officer of
    Ideation. To the Knowledge of Ideation, no director or officer
    of Ideation has provided or is providing information to any law
    enforcement agency regarding the commission or possible
    commission of any crime or the violation or possible violation
    of any applicable law.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <FONT style="font-variant: SMALL-CAPS">Section&#160;</FONT>8.14&#160;&#160;<I>Broker&#146;s
    and Finders&#146; Fees.</I>&#160;&#160;Ideation has not
    incurred, nor will it incur, directly or indirectly, any
    liability for brokerage or finders&#146; fees or agents&#146;
    commissions or investment bankers&#146; fees or any similar
    charges in connection with this Agreement or any Transaction.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <FONT style="font-variant: SMALL-CAPS">Section&#160;</FONT>8.15&#160;&#160;<I>Minute
    Books.</I>&#160;&#160;The minute books of Ideation made
    available to SM Cayman contain in all material respects a
    complete and accurate summary of all meetings of directors and
    stockholders or actions by written consent of Ideation since
    inception, and reflect all transactions referred to in such
    minutes accurately in all material respects.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <FONT style="font-variant: SMALL-CAPS">Section&#160;</FONT>8.16&#160;&#160;<I>Board
    Approval.</I>&#160;&#160;The Ideation Board (including any
    required committee or subgroup of the such board) has
    (i)&#160;adopted resolutions approving the Merger, Conversion
    and Share Exchange, and declared the advisability of and
    approved this Agreement and the Transactions,
    (ii)&#160;determined that the Transactions are in the best
    interests of the stockholders of Ideation, and
    (iii)&#160;determined that the fair market value of SM Cayman is
    equal to at least 80% of the Trust&#160;Account.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <FONT style="font-variant: SMALL-CAPS">Section&#160;</FONT>8.17&#160;&#160;<I>Required
    Vote.</I>&#160;&#160;The approval of the board of directors of
    Ideation, ID Arizona and ID Cayman and the affirmative vote of
    the stockholders of Ideation and ID Arizona in accordance with
    Section&#160;13.1 hereof are the only approvals or votes
    necessary on the part of the Ideation Parties to approve this
    Agreement and the Transactions; <I>provided, however</I>, that
    Ideation shall not consummate the Transactions if the holders of
    30% or more of the Common Stock issued in the Ideation Public
    Offering, vote against the Merger, the Conversion, the Share
    Exchange and exercise their Conversion Rights described in the
    Ideation Prospectus.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <FONT style="font-variant: SMALL-CAPS">Section&#160;8.18&#160;&#160;</FONT><I>AMEX
    Listing</I>.&#160;&#160;The Common Stock, warrants to purchase
    Common Stock, and units composed of such Common Stock and
    warrants (collectively, the <B><I>&#147;Listed
    Securities&#148;</I></B>) are listed on AMEX. There is no Action
    or proceeding pending or, to the Knowledge of Ideation,
    threatened against Ideation by AMEX with respect to any
    intention by such entities to prohibit or terminate the listing
    of the Listed Securities on AMEX. The Listed Securities are
    registered pursuant to Section&#160;12(g) of the Exchange Act
    and Ideation has taken no action designed to, or which is likely
    to have the effect of, terminating the registration of such
    securities under the Exchange Act nor has Ideation received any
    notification that the SEC is contemplating terminating such
    registration.
</DIV>

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    <BR>
    A-1-26
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<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <FONT style="font-variant: SMALL-CAPS">Section&#160;</FONT>8.19&#160;&#160;<I>Trust&#160;Account.</I>&#160;&#160;Ideation
    has no less than US$78,832,998.15 invested in United States
    government securities in Ideation&#146;s Trust&#160;Account less
    such amounts, if any, as Ideation is required to pay (a)&#160;to
    stockholders who elect to have their shares of Ideation&#146;s
    Common Stock converted to cash in accordance with the provisions
    of Ideation&#146;s amended and restated certificate of
    incorporation or with whom Ideation may enter into forward or
    other contracts to purchase their shares of Ideation&#146;s
    Common Stock (subject to the provisions of Section&#160;12.11),
    (b)&#160;as deferred underwriters&#146; compensation in
    connection with the Ideation Public Offering in the aggregate
    amount of US$2,730,000, (c)&#160;to third parties (e.g.,
    professionals, printers, etc.) who have rendered services to
    Ideation in connection with its efforts to effect a business
    combination, (d)&#160;any operating expenses incurred by
    Ideation or ID Arizona and (e)&#160;any Taxes incurred by
    Ideation or ID Arizona.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <FONT style="font-variant: SMALL-CAPS">Section&#160;</FONT>8.20&#160;&#160;<I>Transactions
    With Affiliates and Employees.</I>&#160;&#160;None of the
    executive officers or directors of Ideation and none of the
    stockholders of Ideation is presently a party, directly or
    indirectly, to any transaction with Ideation that is required to
    be disclosed under Rule&#160;404(a) of
    <FONT style="white-space: nowrap">Regulation&#160;S-K</FONT>
    (other than for services as employees, officers and directors),
    including any Contract providing for the furnishing of services
    to or by, providing for rental of real or personal property to
    or from, or otherwise requiring payments to or from any
    executive officer, director, or, to the Knowledge of Ideation,
    any entity in which any executive officer or director has a
    substantial interest or is an officer, director, partner or
    other equity holder.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <FONT style="font-variant: SMALL-CAPS">Section&#160;</FONT>8.21&#160;&#160;<I>Material
    Contracts.</I>&#160;&#160;(a)&#160;Section&#160;8.21(a) of the
    Ideation Disclosure Schedule sets forth any contracts to which
    Ideation is a party or to which its assets are subject that
    would be considered a material contract pursuant to
    Item&#160;601(b)(10) of
    <FONT style="white-space: nowrap">Regulation&#160;S-K</FONT>
    or pursuant to which Ideation receives or pays amounts in excess
    of $100,000 (each an <B><I>&#147;Ideation Material
    Contract&#148;</I></B>). Ideation has made available to SM
    Cayman, prior to the date of this Agreement, true, correct and
    complete copies of each such Ideation Material Contract (except
    to the extent such Ideation Material Contract is otherwise
    available via the SEC&#146;s Edgar website). Ideation is not in
    violation of or in default under (nor does there exist any
    condition which upon the passage of time or the giving of notice
    or both would cause such a violation of or default under) any
    Contract to which it is a party or by which it or any of its
    properties or assets is bound, except for violations or defaults
    that would not, individually or in the aggregate, reasonably be
    expected to result in a Material Adverse Effect on Ideation. To
    the Knowledge of Ideation, no other Person has materially
    violated or breached, or committed or suffered any material
    default under, any Ideation Material Contract.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (b)&#160;Each Ideation Material Contract is a legal, valid and
    binding agreement, and is in full force and effect, and
    (i)&#160;Ideation is not in breach or default of any Ideation
    Material Contract in any material respect; (ii)&#160;to the
    Knowledge of Ideation, no event has occurred or circumstance has
    existed that (with or without notice or lapse of time), will or
    would reasonably be expected to, (A)&#160;contravene, conflict
    with or result in a violation or breach of, or become a default
    or event of default under, any provision of any Ideation
    Material Contract; or (B)&#160;permit Ideation or any other
    Person the right to declare a default or exercise any remedy
    under, or to accelerate the maturity or performance of, or to
    cancel, terminate or modify any Ideation Material Contract; and
    (iii)&#160;Ideation has not received notice of the pending or
    threatened cancellation, revocation or termination of any
    Ideation Material Contract to which it is a party. Since
    September&#160;30, 2008 and prior to the date of this Agreement,
    Ideation has not received any written notice or other written
    communication regarding any actual or possible violation or
    breach of, or default under, any Ideation Material Contract.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <FONT style="font-variant: SMALL-CAPS">Section&#160;</FONT>8.22&#160;&#160;<I>Taxes.</I>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (a)&#160;Ideation has timely filed, or has caused to be timely
    filed on their behalf, all Tax Returns relating to Taxes
    determined by reference to income, earnings, or revenues and all
    other material Tax Returns that are or were required to be filed
    by or with respect to any of them, either separately or as a
    member of group of corporations, pursuant to applicable Legal
    Requirements. All Tax Returns filed by (or that include on a
    consolidated basis) Ideation were (and, as to a Tax Return not
    filed as of the date hereof, will be) in all material respects
    true, complete and accurate. All material Taxes due and payable
    by Ideation have been paid by Ideation in compliance with
    applicable Legal Requirements and there are no unpaid material
    Taxes claimed to be due in writing, or, to the Knowledge of
    Ideation, otherwise claimed, by any Governmental Authority in
</DIV>

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    <BR>
    A-1-27
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<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    charge of taxation of any jurisdiction, nor any claim in writing
    or, to the Knowledge of Ideation, any other claim, for
    additional material Taxes for any period for which Tax Returns
    have been filed.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (b)&#160;Section&#160;8.22(b) of the Ideation Disclosure
    Schedule lists all the relevant Governmental Authorities in
    charge of taxation in which Tax Returns are filed with respect
    to Ideation, and indicates those Tax Returns that have been
    audited or that are currently the subject of an audit since
    December&#160;31, 2007. Ideation has not received any notice in
    writing, or, to the Knowledge of Ideation, any other notice,
    that any Governmental Authority will audit or examine (except
    for any general audits or examinations routinely performed by
    such Governmental Authorities), seek information with respect
    to, or make material claims or assessments with respect to any
    Taxes for any period. Ideation has delivered or made available
    to the SM Entities correct and complete copies of all Tax
    Returns, correspondence with Governmental Authorities regarding
    Taxes, examination reports, and statements of deficiencies filed
    by, assessed against or agreed to by Ideation, for and during
    fiscal years 2007 and 2008.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (c)&#160;The financial statements contained in Ideation&#146;s
    quarterly report on
    <FONT style="white-space: nowrap">Form&#160;10-Q</FONT>
    for the quarter ended September&#160;30, 2008 reflect an
    adequate reserve for all Taxes payable by Ideation (in addition
    to any reserve for deferred Taxes to reflect timing differences
    between book and Tax items) for all taxable periods and portions
    thereof through the date of such financial statements. Ideation
    is neither a party to nor bound by any Tax indemnity, Tax
    sharing or similar agreement and Ideation currently has no
    liability and will not have any liabilities for any Taxes of any
    other Person under any agreement or by the operation of any law.
    No deficiency with respect to any Taxes has been proposed,
    asserted or assessed against Ideation, and no requests for
    waivers of the time to assess any such Taxes are pending.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (d)&#160;Ideation has not requested any extension of time within
    which to file any Tax Return, which Tax Return has not since
    been filed. Ideation has not executed any outstanding waivers or
    comparable consents regarding the application of the statute of
    limitations with respect to any Taxes or Tax Returns. No power
    of attorney currently in force has been granted by Ideation
    concerning any Taxes or Tax Return.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (e)&#160;Ideation does not own nor has ever owned any United
    States real property interests as described in Section&#160;897
    of the Code.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (f)&#160;Ideation has withheld and remitted to the appropriate
    Governmental Authority in compliance with all Legal Requirements
    all Taxes required to be withheld and remitted by Ideation in
    connection with payments made to other persons.
</DIV>

<DIV style="margin-top: 18pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <FONT style="font-family: 'Times New Roman', Times">ARTICLE&#160;IX<BR>
    </FONT>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <FONT style="font-family: 'Times New Roman', Times">Conduct
    Prior To The Closing
    </FONT>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <FONT style="font-variant: SMALL-CAPS">Section&#160;</FONT>9.1&#160;&#160;<I>Covenants
    of SM Parties.</I>&#160;&#160;During the period from the date of
    this Agreement and continuing until the earlier of the
    termination of this Agreement or the Closing Date, each of the
    SM Entities agrees that it shall, and each of the SM
    Shareholders agrees that it shall use commercially reasonable
    efforts (which, with respect to the SM Institutional
    Shareholders, shall only mean the directing of such SM
    Institutional Shareholder&#146;s nominee(s) on the board of
    directors of SM Cayman to vote against any action in
    contravention of this Section&#160;9.1) to, cause the Group
    Companies to (except to the extent expressly contemplated by
    this Agreement or as consented to in writing by the other
    Parties), (i)&#160;carry on its business in the ordinary course
    in substantially the same manner as heretofore conducted and in
    compliance in all material respects with all applicable Legal
    Requirements, to pay debts and Taxes when due (subject to good
    faith disputes over such debts or Taxes), to pay or perform
    other obligations when due, and to use commercially reasonable
    efforts to preserve intact its present business organizations,
    and (ii)&#160;use commercially reasonable efforts to keep
    available the services of its present officers, directors and
    employees and to preserve its relationships with customers,
    suppliers, distributors, licensors, licensees, and others having
    business dealings with it. Without limiting the generality of
    the foregoing, during the period from the date of this Agreement
    and continuing until the earlier of the termination of this
    Agreement or the Closing Date, except as listed on
    Section&#160;9.1 of the SM Disclosure Schedule or as otherwise
    expressly permitted by or provided for in this Agreement, none
    of the SM Entities shall, and each of the SM Shareholders and SM
    Entities agrees that it
</DIV>

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    <BR>
    A-1-28
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<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    shall use commercially reasonable efforts (which, with respect
    to the SM Institutional Shareholders, shall mean the directing
    of such SM Institutional Shareholder&#146;s nominee(s) on the
    board of directors of SM Cayman to vote against any action in
    contravention of this Section&#160;9.1) to, cause each of the
    Group Companies not to, allow, cause or permit any of the
    following actions to occur with respect to any of the Group
    Companies without the prior written consent of Ideation, which
    shall not be unreasonably delayed or withheld:
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (a)&#160;<I>Charter Documents.</I>&#160;&#160;Cause or permit
    any amendments to any of the SM Constituent Instruments or any
    other equivalent organizational documents, except as
    contemplated by this Agreement;
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (b)&#160;<I>Accounting Policies and
    Procedures.</I>&#160;&#160;Change any method of accounting or
    accounting principles or practices by the Group Companies,
    except for any such change required by any Legal Requirement or
    by a change in U.S.&#160;GAAP;
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (c)&#160;<I>Dividends; Changes in Capital
    Stock.</I>&#160;&#160;Declare or pay any dividends on or make
    any other distributions (whether in cash, stock or property) in
    respect of any of its capital stock, or split, combine or
    reclassify any of its capital stock or issue or authorize the
    issuance of any securities in respect of, in lieu of or in
    substitution for shares of its capital stock, or repurchase or
    otherwise acquire, directly or indirectly, any shares of its
    capital stock;
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (d)&#160;<I>Material Contracts.</I>&#160;&#160;Enter into any
    new Material Contract, or violate, amend or otherwise modify or
    waive any of the terms of any existing Material Contract, other
    than (i)&#160;in the ordinary course of business or
    (ii)&#160;upon prior consultation with, and prior written
    consent (which shall not be unreasonably delayed or withheld) of
    Ideation;
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (e)&#160;<I>Issuance of Securities.</I>&#160;&#160;Except
    pursuant to a Series&#160;D Financing, issue, deliver or sell or
    authorize or propose the issuance, delivery or sale of, or
    purchase or propose the purchase of, any shares of its capital
    stock or securities convertible into or exchangeable for, or
    subscriptions, rights, warrants or options to acquire, or other
    agreements or commitments of any character obligating it to
    issue any such shares or other convertible or exchangeable
    securities; or otherwise pledge or encumber any securities of
    any Group Company;
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (f)&#160;<I>Intellectual Property.</I>&#160;&#160;Transfer or
    license to any Person or entity any Intellectual Property Rights;
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (g)&#160;<I>Dispositions.</I>&#160;&#160;Sell, lease (other than
    in the ordinary course of business), license or otherwise
    dispose of or encumber any of its properties or assets which are
    material, individually or in the aggregate, to its business;
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (h)&#160;<I>Indebtedness.</I>&#160;&#160;Issue or sell any debt
    securities or guarantee any debt securities of others, or incur
    any indebtedness for borrowed money in excess of US$1,000,000 in
    the aggregate other than relating to liabilities incurred in
    connection with the Transaction; or mortgage, pledge or grant a
    security interest in any material asset of any Group Company;
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (i)&#160;<I>Payment of Obligations.</I>&#160;&#160;Pay,
    discharge or satisfy in an amount in excess of US$1,000,000 any
    claim, liability or obligation (absolute, accrued, asserted or
    unasserted, contingent or otherwise) other than (i)&#160;in the
    ordinary course of business, (ii)&#160;pursuant to the terms of
    an acquisition contract between (A)&#160;Jingli Shanghai and any
    other Person relating to the acquisition of any Subsidiary of
    Jingli Shanghai or (B)&#160;SM Cayman and any other Person
    relating to the acquisition of any Subsidiary of SM Cayman,
    provided in each case that such contract is in full force and
    effect as of the date of this Agreement, (iii)&#160;the payment,
    discharge or satisfaction of liabilities reflected or reserved
    against in the SM Financial Statements for the quarter ended
    June&#160;30, 2008, or (iv)&#160;the payment, discharge or
    satisfaction of liabilities incurred in connection with the
    Transactions;
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (j)&#160;<I>Capital Expenditures.</I>&#160;&#160;Make any
    capital expenditures, capital additions or capital improvements
    except in the ordinary course of business that do not exceed
    US$1,000,000 individually or in the aggregate;
</DIV>

<P align="center" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <BR>
    A-1-29
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<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (k)&#160;<I>Acquisitions.</I>&#160;&#160;Acquire by merging or
    consolidating with, or by purchasing a substantial portion of
    the assets of, or by any other manner, any business or any
    corporation, partnership, association or other business
    organization or division thereof, or otherwise acquire any
    assets which are material, individually or in the aggregate, to
    its business, or acquire any equity securities of any
    corporation, partnership, association or business organization;
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (l)&#160;<I>Employment.</I>&#160;&#160;Except as required to
    comply with Legal Requirements or pursuant to plans, agreements
    or arrangements existing on the date hereof, (i)&#160;take any
    action with respect to, adopt, enter into, terminate or amend
    any employment, severance, retirement, retention, incentive or
    similar agreement, arrangement or benefit plan for the benefit
    or welfare of any current or former director or executive
    officer or any collective bargaining agreement,
    (ii)&#160;increase in any material respect the compensation or
    fringe benefits of, or pay any bonus to, any director or
    executive officer, (iii)&#160;materially amend or accelerate the
    payment, right to payment or vesting of any compensation or
    benefits, (iv)&#160;pay any material benefit not provided for as
    of the date of this Agreement under any benefit plan, or
    (v)&#160;grant any awards under any bonus, incentive,
    performance or other compensation plan or arrangement or benefit
    plan, including the grant of stock options, stock appreciation
    rights, stock based or stock related awards, performance units
    or restricted stock, or the removal of existing restrictions in
    any benefit plans or agreements or awards made thereunder;
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (m)&#160;<I>Facility.</I>&#160;&#160;Open or close any facility
    or office except in the ordinary course of business;
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (n)&#160;<I>Taxes.</I>&#160;&#160;Make or change any material
    election in respect of Taxes, adopt or change any accounting
    method in respect of Taxes, file any Tax Return or any amendment
    to a Tax Return, enter into any closing or equivalent agreement,
    settle any claim or assessment in respect of Taxes, or consent
    to any extension or waiver of the limitation period applicable
    to any claim or assessment in respect of Taxes;
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (o)&#160;<I>Litigation.</I>&#160;&#160;Initiate, compromise or
    settle any litigation or arbitration proceedings relating to an
    amount in excess of US$1,000,000;
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (p)&#160;<I>Loans.</I>&#160;&#160;Make any loans, advances or
    capital contributions, except advances for travel and other
    normal business expenses to officers and employees in the
    ordinary course of business;
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (q)&#160;<I>Payments to Affiliates.</I>&#160;&#160;Make any
    payments or series of related payments (other than ordinary
    compensation and benefits) in excess of US$10,000 to any of its
    officers, directors, employees, shareholders or other equity
    interest holders, except as required pursuant to any binding
    agreement with any such officer, director, employee, shareholder
    or other equity holder in effect as of the date of this
    Agreement and disclosed in the SM Disclosure Schedule;
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (r)&#160;<I>Affiliated Transactions.</I>&#160;&#160;Enter into
    any material contract, arrangement or other transaction with any
    Affiliate of any Group Company except in connection with the
    Transactions contemplated by this Agreement;
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (s)&#160;<I>Revaluation.</I>&#160;&#160;Revalue a material
    amount of any Group Company&#146;s assets, including, without
    limitation, writing down the value of a material amount of
    capitalized inventory or writing off a material amount of notes
    or accounts receivable, unless, in each case, such revaluation
    is required pursuant to US GAAP or applicable Legal
    Requirements;&#160;and
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (t)&#160;<I>Other.</I>&#160;&#160;Agree in writing or otherwise
    to take any of the foregoing actions.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <FONT style="font-variant: SMALL-CAPS">Section&#160;</FONT>9.2&#160;&#160;<I>Covenants
    of Ideation.</I>&#160;&#160;From the date hereof until the
    earlier of the termination of this Agreement or the Closing
    Date, Ideation agrees to, and to cause ID Arizona to (except to
    the extent expressly contemplated by this Agreement or as
    consented to in writing by SM Cayman), to (i)&#160;carry on its
    business in the ordinary course in substantially the same manner
    as heretofore conducted, to pay debts and Taxes when due
    (subject to good faith disputes over such debts or Taxes), to
    pay or perform other obligations when due, and to use
    commercially reasonable efforts to preserve intact its present
    business organizations and (ii)&#160;use commercially reasonable
    efforts to keep available the services of its current officers,
    directors and employees and to preserve its relationships with
    others having business dealings with it. Without limiting the
    generality of the foregoing, during the period from the date of
    this Agreement and continuing until the earlier of the
</DIV>

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    <BR>
    A-1-30
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<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    termination of this Agreement or the Closing Date, except as
    listed on Section&#160;9.2 of the Ideation Disclosure Schedule
    or as otherwise expressly permitted by or provided for in this
    Agreement, the Ideation Parties shall not do, allow, cause or
    permit any of the following actions to occur without the prior
    written consent of SM Cayman, which consent shall not be
    unreasonably delayed or withheld:
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (a)&#160;<I>Charter Documents.</I>&#160;&#160;Adopt or propose
    any change in any of their constituent instruments except for
    such amendments required by any Legal Requirement or the rules
    and regulations of the SEC or AMEX (or such other applicable
    national securities exchange) or as are contemplated by this
    Agreement.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (b)&#160;<I>Accounting Policies and
    Procedures.</I>&#160;&#160;Change any method of accounting or
    accounting principles or practices by Ideation, except for any
    such change required by any Legal Requirement or by a change in
    U.S.&#160;GAAP;
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (c)&#160;<I>SEC Reports.</I>&#160;&#160;Fail to timely file or
    furnish to or with the SEC all reports, schedules, forms,
    statements and other documents required to be filed or furnished
    by Ideation (except those filings by affiliates of Ideation
    required under Section&#160;13(d) or 16(a) of the Exchange Act);
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (d)&#160;<I>Dividends; Changes in Capital
    Stock.</I>&#160;&#160;Declare or pay any dividends on or make
    any other distributions (whether in cash, stock or property) in
    respect of any of its capital stock, or split, combine or
    reclassify any of its capital stock or issue or authorize the
    issuance of any other securities in respect of, in lieu of or in
    substitution for shares of its capital stock, or repurchase or
    otherwise acquire, directly or indirectly, any shares of its
    capital stock;
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (e)&#160;<I>Dispositions.</I>&#160;&#160;Sell, lease, license or
    otherwise dispose of or encumber any material properties or
    assets;
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (f)&#160;<I>Material Contracts.</I>&#160;&#160;Enter into any
    new Ideation Material Contract, or violate, amend or otherwise
    modify or waive any of the material terms of any existing
    Ideation Material Contract, other than (i)&#160;in the ordinary
    course of business or (ii)&#160;upon prior consultation with,
    and prior written consent (which shall not be unreasonably
    delayed or withheld) of SM Cayman;
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (g)&#160;<I>Issuance of Securities.</I>&#160;&#160;Issue,
    deliver or sell or authorize or propose the issuance, delivery
    or sale of, or purchase or propose the purchase of, any shares
    of its capital stock or securities convertible into or
    exchangeable for, or subscriptions, rights, warrants or options
    to acquire, or other agreements or commitments of any character
    obligating it to issue any such shares or other convertible or
    exchangeable securities; or otherwise pledge or encumber any
    securities of ID Arizona;
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (h)&#160;<I>Indebtedness.</I>&#160;&#160;Issue or sell any debt
    securities or guarantee any debt securities of others, or incur
    any indebtedness for borrowed money in excess of US$250,000 in
    the aggregate, other than relating to liabilities incurred in
    connection with the Transactions; or mortgage, pledge or grant a
    security interest in any material asset of any Ideation Party;
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (i)&#160;<I>Payment of Obligations.</I>&#160;&#160;Pay,
    discharge or satisfy in an amount in excess of US$250,000 in any
    one case, for any claim, liability or obligation (absolute,
    accrued, asserted or unasserted, contingent or otherwise) other
    than (i)&#160;in the ordinary course of business, (ii)&#160;the
    payment, discharge or satisfaction of liabilities reflected or
    reserved against in the Ideation financial statements for the
    quarter ended September&#160;30, 2008, or (iii)&#160;the
    payment, discharge or satisfaction of liabilities incurred in
    connection with the Transactions;
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (j)&#160;<I>Capital Expenditures.</I>&#160;&#160;Make any
    capital expenditures, capital additions or capital improvements;
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (k)&#160;<I>Acquisitions.</I>&#160;&#160;Acquire by merging or
    consolidating with, or by purchasing a substantial portion of
    the assets of, or by any other manner, any business or any
    corporation, partnership, association or other business
    organization or division thereof, or otherwise acquire any
    assets which are material, individually or in the aggregate, to
    its business, or acquire any equity securities of any
    corporation, partnership, association or business organization;
</DIV>

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    <BR>
    A-1-31
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<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (l)&#160;<I>Taxes.</I>&#160;&#160;Make or change any material
    election in respect of Taxes, adopt or change any accounting
    method in respect of Taxes, file any Tax Return or any amendment
    to a Tax Return, enter into any closing or equivalent agreement,
    settle any claim or assessment in respect of Taxes, or consent
    to any extension or waiver of the limitation period applicable
    to any claim or assessment in respect of Taxes;
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (m)&#160;<I>Litigation.</I>&#160;&#160;Initiate, compromise or
    settle any material litigation or arbitration proceedings;
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (n)&#160;<I>Affiliated Transactions.</I>&#160;&#160;Enter into
    any material contract, arrangement or other transaction with any
    Affiliate of Ideation, except in connection with the
    Transactions contemplated by this Agreement;&#160;and
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (o)&#160;<I>Other.</I>&#160;&#160;Agree in writing or otherwise
    to take any of the foregoing actions.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <FONT style="font-variant: SMALL-CAPS">Section&#160;9.3&#160;&#160;</FONT><I>Conversion
    of SM Cayman Securities</I>.&#160;&#160;Prior to or
    contemporaneously with the Closing, the SM Shareholders and SM
    Cayman agree to convert all issued and outstanding SM Preferred
    Shares into an aggregate of 69,532,869 SM Ordinary Shares
    pursuant to the terms of such SM Preferred Shares set forth in
    the Company Memorandum (the <B><I>&#147;Preferred
    Conversion&#148;</I></B>).
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <FONT style="font-variant: SMALL-CAPS">Section&#160;9.4&#160;&#160;</FONT><I>No
    Securities Transactions</I>.&#160;&#160;None of the SM
    Warrantholders, the SM Shareholders, the SM Entities or any of
    their respective controlled Affiliates and Representatives
    shall, directly or indirectly, engage in any transactions
    involving the securities of the Ideation Parties prior to the
    time of the making of a public announcement of the transactions
    contemplated by this Agreement. The SM Parties shall use their
    commercially reasonable efforts to require the Group Companies
    and each of the officers, directors, employees, security
    holders, agents and representatives of the Group Companies to
    comply with the foregoing requirement.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <FONT style="font-variant: SMALL-CAPS">Section&#160;9.5&#160;&#160;</FONT><I>Other
    Pre-Closing Covenants</I>.&#160;&#160;Prior to the Closing,
    (i)&#160;each of the SM Entities agrees that it shall, and each
    of the SM Shareholders agrees that it shall use commercially
    reasonable efforts (which, with respect to the SM Institutional
    Shareholders, shall only mean the directing of such SM
    Institutional Shareholder&#146;s nominee(s) on the board of
    directors of SM Cayman to vote against any action in
    contravention of this Section&#160;9.5) to, cause the relevant
    Group Companies to complete the actions set forth in
    items&#160;2, 3 and 4 of Schedule&#160;9.5 and
    (ii)&#160;Ms.&#160;Liu and Ms.&#160;Yang shall use commercially
    reasonable efforts to complete the actions set forth in
    item&#160;1 of Schedule&#160;9.5.
</DIV>

<DIV style="margin-top: 18pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <FONT style="font-family: 'Times New Roman', Times">ARTICLE&#160;X<BR>
    </FONT>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <FONT style="font-family: 'Times New Roman', Times">Covenants of
    the SM Parties
    </FONT>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <FONT style="font-variant: SMALL-CAPS">Section&#160;</FONT>10.1&#160;&#160;<I>Access
    to Information.</I>&#160;&#160;Between the date of this
    Agreement and the Closing Date, subject to Ideation&#146;s
    undertaking to use its commercially reasonable efforts to keep
    confidential and protect the Trade Secrets of the Group
    Companies against any disclosure, the SM Parties (not including
    the Designated Agent in his or her capacity as such) will permit
    Ideation and its Representatives reasonable access to all of the
    books and records of the Group Companies which the Group
    Companies determine are reasonably necessary for the preparation
    and amendment of the Proxy Statement/Prospectus and such other
    filings or submissions in accordance with SEC rules and
    regulations as are necessary to consummate the Transactions and
    as are necessary to respond to requests of the SEC&#146;s staff,
    Ideation&#146;s accountants and relevant Governmental
    Authorities, notwithstanding anything to the contrary contained
    herein, the failure to use commercially reasonable efforts to
    protect against any disclosure of any Trade Secrets of the Group
    Companies by any Ideation or its Representatives in violation of
    this Section that results in, or could reasonably be expected to
    result in, material harm to the Group Companies, taken as a
    whole, shall constitute a breach of a covenant in a material
    respect pursuant to Section&#160;15.1(c) hereof; <I>provided,
    however</I>, that the Ideation Parties may make a disclosure
    otherwise prohibited by this Section&#160;10.1 if required by
    applicable Legal Requirements or regulatory, administrative or
    legal process (including, without limitation, by oral questions,
    interrogatories, requests for information, subpoena of
    documents, civil investigative demand or similar process) or the
    rules and regulations of the SEC or any stock exchange having
    jurisdiction over the Ideation Parties. In the event that any
    Ideation Party or any of its Representatives is requested or
    required to disclose any Trade Secrets of
</DIV>

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    <BR>
    A-1-32
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<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    the Group Companies as provided in the proviso in the
    immediately preceding sentence, such Ideation Party shall
    provide the SM Entities with prompt written notice of any such
    request or requirement so that the SM Entities may seek a
    protective order or other appropriate remedy (at their sole
    expense).
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <FONT style="font-variant: SMALL-CAPS">Section&#160;</FONT>10.2&#160;&#160;<I>Exclusivity;
    No Other Negotiations.</I>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (a)&#160;Except as set forth in Section&#160;10.2 of the SM
    Disclosure Schedule, none of the SM Entities or the SM
    Shareholders shall take, and each of the SM Shareholders agrees
    that it shall use commercially reasonable efforts to cause each
    such Group Company not to take (which, with respect to the SM
    Institutional Shareholders, shall mean the directing of such SM
    Institutional Shareholder&#146;s nominee(s) on the board of
    directors of SM Cayman to vote against any action by a Group
    Company in contravention of this Section&#160;10.2), or
    authorize or permit any director, officer, investment banker,
    financial advisor, attorney, accountant or other Person retained
    by or acting for or on behalf of the Group Companies
    <FONT style="white-space: nowrap">and/or</FONT> any
    of the SM Shareholders to take, directly or indirectly, any
    action to initiate, assist, solicit, negotiate, or encourage any
    offer, inquiry or proposal from any Person other than Ideation:
    (i)&#160;relating to the acquisition of any shares, registered
    capital or other equity securities of any of the Group Companies
    or any assets of any of the Group Companies other than sales of
    assets in the ordinary course of business (including any
    acquisition structured as a merger, consolidation, share
    exchange or other business combination) (an
    <B><I>&#147;Acquisition Proposal&#148;</I></B>); (ii)&#160;to
    reach any agreement or understanding (whether or not such
    agreement or understanding is absolute, revocable, contingent or
    conditional) for, or otherwise attempt to consummate, any
    Acquisition Proposal with any of the Group Companies
    <FONT style="white-space: nowrap">and/or</FONT> any
    SM Shareholders; (iii)&#160;to participate in discussions or
    negotiations with or to furnish or cause to be furnished any
    information with respect to the Group Companies or afford access
    to the assets and properties or books and records of the Group
    Companies to any Person whom any of the Group Companies (or any
    such Person acting for or on their behalf) knows or has reason
    to believe is in the process of considering any Acquisition
    Proposal relating to the Group Companies; (iv)&#160;to
    participate in any discussions or negotiations regarding,
    furnish any material non-public information with respect to,
    assist or participate in, or facilitate in any other manner any
    effort or attempt by any Person to do or seek any of the
    foregoing, or (v)&#160;to take any other action that is
    inconsistent with the Transactions and that has the primary
    effect of avoiding the Closing contemplated hereby;
    <I>provided</I>, that SM Cayman or its board of directors may
    engage in discussions with any Person who has made an
    unsolicited bona fide written Acquisition Proposal that the
    board of directors SM Cayman determines in good faith
    constitutes, or could reasonably be expected to result in, an SM
    Superior Proposal, <I>provided however</I> that no such
    discussions shall limit, affect or impair the enforceability of
    this Agreement against any SM Party (including the Designated
    Agent and the Non-signing Shareholder) prior to the termination
    hereof.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (b)&#160;The SM Parties will immediately cease any and all
    existing activities, discussions or negotiations with any
    parties conducted heretofore with respect to any of the actions
    set forth in Section&#160;10.2(a) above, if applicable. The SM
    Parties will promptly (i)&#160;notify Ideation if any of the
    Group Companies
    <FONT style="white-space: nowrap">and/or</FONT> any
    SM Shareholder receives any proposal or inquiry or request for
    information in connection with an Acquisition Proposal, and
    (ii)&#160;notify Ideation of the significant terms and
    conditions of any such Acquisition Proposal including the
    identity of the party making an Acquisition Proposal.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <FONT style="font-variant: SMALL-CAPS">Section&#160;</FONT>10.3&#160;&#160;<I>Further
    Assurances.</I>&#160;&#160;From the date hereof until the
    earlier of the Closing Date and the termination of this
    Agreement in accordance with <U>Article&#160;XV</U>, unless (for
    the SM Institutional Shareholders) a lesser standard is
    expressly provided for elsewhere in the Agreement, in which case
    such lesser standard shall be applicable, the SM Parties shall,
    on or prior to the Closing Date, use their commercially
    reasonable efforts to fulfill or obtain the fulfillment of the
    conditions precedent to the consummation of the transactions
    contemplated hereby. Unless (for the SM Institutional
    Shareholders) a lesser standard is expressly provided for
    elsewhere in the Agreement, in which case such lesser standard
    shall be applicable, the SM Parties shall further cooperate with
    the Ideation Parties and use their respective commercially
    reasonable efforts to take or cause to be taken all actions, and
    do or cause to be done all things, necessary, proper or
    advisable on their part under this Agreement and applicable
    Legal Requirements to consummate the transactions set forth in
    this Agreement as soon as practicable. With respect to the
    conditions set forth in Section&#160;13.2(o), notwithstanding
    anything to the contrary in this Section&#160;10.3, the
    covenants set forth in this Section&#160;10.3 are made only with
    respect to the delivery of the financial statements described in
    the first sentence of Section&#160;13.2(o), and not
</DIV>

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    <BR>
    A-1-33
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<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    with respect to (i)&#160;the satisfaction of the net income and
    EBITDA targets or (ii)&#160;the requirement that the 3Q 2008
    Financials and the FY2008 Financials (as applicable) shall be
    accompanied by an unqualified opinion of an internationally
    recognized and U.S.&#160;registered independent public
    accounting firm qualified to practice before the Public Company
    Accounting Oversight Board, set forth therein.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <FONT style="font-variant: SMALL-CAPS">Section&#160;</FONT>10.4&#160;&#160;<I>Disclosure
    of Certain Matters.</I>&#160;&#160;From the date hereof through
    the Closing Date, each of the SM Entities shall give Ideation
    prompt written notice of any event or development that occurs
    that (a)&#160;is of a nature that, individually or in the
    aggregate, would have or reasonably be expected to have a
    Material Adverse Effect on the Group Companies, taken as a
    whole, or (b)&#160;would require any amendment or supplement to
    the Proxy Statement/Prospectus; <I>provided </I>that any such
    notice shall not qualify, affect or diminish the
    representations, warranties and other obligations of the SM
    Parties under this Agreement, or amend the Disclosure Schedules
    delivered by the SM Parties on the date hereof.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <FONT style="font-variant: SMALL-CAPS">Section&#160;10.5&#160;&#160;</FONT><I>Regulatory
    and Other Authorizations; Notices and
    Consents</I>.&#160;&#160;The SM Entities shall use their
    commercially reasonable efforts to give or obtain (a)&#160;all
    material Consents from Governmental Authorities,
    (b)&#160;material notices to any Governmental Authority or third
    party, and (c)&#160;material consents of any third party, that
    in each case may be or become necessary for the execution and
    delivery of, and the performance of their obligations pursuant
    to, this Agreement or the Transaction Documents by any SM
    Entity, or that is otherwise required to be obtained or made by
    or with respect to any Group Company in connection with, the
    execution, delivery and performance of this Agreement or the
    Transaction Documents, or the consummation of any of the
    Transactions.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <FONT style="font-variant: SMALL-CAPS">Section&#160;</FONT>10.6&#160;&#160;<I>Related
    Tax.</I>&#160;&#160;From the date hereof through the Closing
    Date, the SM Entities shall, and shall cause each of the Group
    Companies to, consistent with past practice, (i)&#160;duly and
    timely file all Tax Returns and other documents required to be
    filed by it with applicable Governmental Authorities, subject to
    extensions permitted by law and properly granted by the
    appropriate authority; <I>provided </I>that SM Cayman notifies
    Ideation that any of the Group Companies is availing itself of
    such extensions, and (ii)&#160;pay all Tax shown as due on such
    Tax Returns or otherwise due.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <FONT style="font-variant: SMALL-CAPS">Section&#160;</FONT>10.7&#160;&#160;<I>Proxy
    Statement/Prospectus.</I>&#160;&#160;Each of the SM Parties
    shall use commercially reasonable efforts to provide promptly to
    Ideation such information concerning its and the other Group
    Companies&#146; business affairs and financial statements as is
    required under applicable Legal Requirements for inclusion in
    the Proxy Statement/Prospectus (including the Audited Financial
    Statements and the Unaudited Financial Statements), shall direct
    that its counsel cooperate with Ideation&#146;s counsel in the
    preparation of the Proxy Statement/Prospectus and the
    <FONT style="white-space: nowrap">Form&#160;S-4</FONT>
    Registration Statement and shall request the cooperation of
    Ideation&#146;s auditors in the preparation of the Proxy
    Statement/Prospectus and the
    <FONT style="white-space: nowrap">Form&#160;S-4</FONT>
    Registration Statement. None of the information supplied or to
    be supplied by or on behalf of the SM Parties for inclusion or
    incorporation by reference in the Proxy Statement/Prospectus and
    the
    <FONT style="white-space: nowrap">Form&#160;S-4</FONT>
    Registration Statement will, at the time the Proxy
    Statement/Prospectus or the
    <FONT style="white-space: nowrap">Form&#160;S-4</FONT>
    Registration Statement is filed with the SEC or at the time it
    becomes effective under the Securities Act, contain any untrue
    statement of a material fact or omit to state any material fact
    required to be stated therein or necessary in order to make the
    statements therein, in the light of the circumstances under
    which they are made, not misleading. If any information provided
    by the SM Parties is discovered or any event occurs with respect
    to any of the SM Parties, or any change occurs with respect to
    the other information provided by the SM Parties included in the
    Proxy Statement/Prospectus or the
    <FONT style="white-space: nowrap">Form&#160;S-4</FONT>
    Registration Statement which is required to be described in an
    amendment of, or a supplement to, the Proxy Statement/Prospectus
    or
    <FONT style="white-space: nowrap">Form&#160;S-4</FONT>
    Registration Statement so that such document does not include
    any misstatement of a material fact or omit to state any
    material fact necessary to make the statements therein, in light
    of the circumstances under which they were made, not misleading,
    the SM Parties shall notify Ideation promptly of such event.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <FONT style="font-variant: SMALL-CAPS">Section&#160;10.8&#160;&#160;</FONT><I>No
    Claim Against Trust&#160;Account</I>.&#160;&#160;The SM Parties
    have read (a)&#160;the Investment Management
    Trust&#160;Agreement, dated as of November&#160;19, 2007, by and
    between Ideation and the Trustee named therein filed as an
    exhibit to the Ideation Registration Statement, and
    (b)&#160;Ideation&#146;s Amended and Restated Certificate of
    Incorporation, as amended from time to time (collectively, the
    <B><I>&#147;Ideation Disclosure&#148;</I></B>). The SM Parties
    acknowledge and understand that (i)&#160;Ideation is a special
    purpose acquisition corporation,
</DIV>

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    <BR>
    A-1-34
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<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (ii)&#160;Ideation has established the Trust&#160;Account (as
    defined in the Ideation Disclosure, the
    <B><I>&#147;Trust&#160;Account&#148;</I></B>) for the benefit of
    its public stockholders and may disburse monies from the
    Trust&#160;Account only as described in the Ideation Disclosure,
    and (iii)&#160;in the event an Initial Business Combination (as
    defined in the Ideation Disclosure) is not consummated for any
    reason by November&#160;19, 2009 (absent an amendment to
    Ideation&#146;s amended and restated certificate of
    incorporation), Ideation will be obligated to return to its
    stockholders the amounts being held in the Trust&#160;Account.
    In accordance with foregoing, each of the SM Parties
    acknowledges and agrees that notwithstanding any provision to
    the contrary set forth in this Agreement, it does not have and
    will not have any right, title, interest or claim (collectively
    the <B><I>&#147;Claims&#148;</I></B>) of any kind or nature, in
    or to any monies held in the Trust&#160;Account, hereby waives
    any and all Claims to any monies held in the Trust&#160;Account
    that any SM Party may have or seek to have in the future
    (including, but not limited to, any Claims arising as a result
    of the termination of this Agreement pursuant to
    Article&#160;XV, any breach of this Agreement by any Ideation
    Party, or otherwise) and will not seek recourse against the
    Trust&#160;Account for any reason.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <FONT style="font-variant: SMALL-CAPS">Section&#160;</FONT>10.9&#160;&#160;<I>Restrictive
    Covenants.</I>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (a)&#160;<I>Nonsolicitation.</I>&#160;&#160;Without the prior
    consent of the Independent Committee, no SM Shareholder (other
    than DB) shall, for a period of 18&#160;months from and after
    the Closing Date, directly or indirectly, for itself or for any
    other Person, (i)&#160;solicit any of the employees (at the Vice
    President level or above) of ID Cayman or any of the Group
    Companies (or any Person who had been such within 12&#160;months
    prior to such solicitation) for purposes of entering into
    employment, consulting or other business arrangements with such
    employees
    <FONT style="white-space: nowrap">and/or</FONT>
    (ii)&#160;hire any employee (at the Vice President level or
    above) of ID Cayman or any of the Group Companies (or any Person
    who had been such within the year prior to such attempted
    hiring); provided that nothing herein shall restrict or preclude
    any SM Shareholder from (A)&#160;making generalized searches for
    employees by use of advertisements in the media (including trade
    media) or (B)&#160;continuing its ordinary course hiring
    practices that are not targeted specifically at such employees.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (b)&#160;<I>Confidentiality.</I>&#160;&#160;For a period of
    18&#160;months after the Closing Date, each SM Shareholder
    shall, shall cause each of its employees and agents to, and
    shall use commercially reasonable efforts to cause each of its
    accountants, legal counsel and other representatives and
    advisers to, hold in strict confidence all, and not divulge or
    disclose, use to the detriment of ID Cayman or for the benefit
    of any Person, or misuse in any way, any Confidential
    Information; provided, however, that the foregoing obligation of
    confidence shall not apply to information that, upon advice of
    legal counsel, is required to be disclosed by such SM
    Shareholder or any of its employees, agents, accountants, legal
    counsel or other representatives or advisers as a result of any
    Legal Requirement, in which case such SM Shareholder shall
    promptly notify ID Cayman of any such disclosure, shall
    cooperate with ID Cayman, at ID Cayman&#146;s expense, to obtain
    a protective order for such Confidential Information and shall
    not disclose any more information than is required pursuant to
    such Legal Requirement.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (c)&#160;<I>Injunction.</I>&#160;&#160;It is recognized and
    hereby acknowledged by the Parties that a breach or violation by
    a SM Shareholder of any or all of the covenants and agreements
    contained in this Section&#160;10.9 may cause irreparable harm
    and damage to ID Cayman and the Group Companies in a monetary
    amount which may be virtually impossible to ascertain. As a
    result, each SM Shareholder recognizes and hereby acknowledges
    that ID Cayman
    <FONT style="white-space: nowrap">and/or</FONT> any
    Group Company shall be entitled to an injunction from any court
    of competent jurisdiction enjoining and restraining any breach
    or violation or threatened breach or violation of any or all of
    the covenants and agreements contained in this Section&#160;10.9
    by any SM Shareholder, either directly or indirectly, and that
    such right to injunction shall be cumulative and in addition to
    whatever other rights or remedies ID Cayman or any Group Company
    may possess hereunder, at law or in equity. Nothing contained in
    this Section&#160;10.9 shall be construed to prevent ID Cayman
    or any Group Company from seeking and recovering from an SM
    Shareholder any damages sustained by it as a result of any
    breach or violation by such SM Shareholder of any of the
    covenants or agreements contained herein. The decision to
    enforce or seek remedies under this Section&#160;10.9 on behalf
    of ID Cayman shall be conclusively determined by the Independent
    Committee.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <FONT style="font-variant: SMALL-CAPS">Section&#160;10.10&#160;&#160;</FONT><I>Financial
    Statements</I>.&#160;&#160;The SM Parties shall deliver, at
    least three (3)&#160;days prior to the Closing: (a) (i)&#160;if
    the Closing occurs on or prior to June&#160;30, 2009,
    (A)&#160;audited consolidated financial statements of SM Cayman
    and the other Group Companies, for the nine-month period ended
    September&#160;30,
</DIV>

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    <BR>
    A-1-35
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<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    2008 (the <B><I>&#147;3Q 2008 Financials&#148;</I></B>),
    prepared in accordance with US GAAP applied on a consistent
    basis with past practices, and (B)&#160;unaudited consolidated
    financial statements (which may consist of internally prepared
    management accounts) of SM Cayman and the other Group Companies,
    for the three-month period ended December&#160;31, 2008 (the
    <B><I>&#147;4Q 2008 Financials&#148;</I></B>), prepared in
    accordance with US GAAP applied on a consistent basis with past
    practices (subject to normal year-end adjustments, which shall
    not be material in the aggregate) or (in lieu of (A)&#160;and
    (B)) (C)&#160;audited consolidated financial statements of SM
    Cayman and the other Group Companies, for the twelve-month
    period ended December&#160;31, 2008 (the <B><I>&#147;FY2008
    Financials&#148;</I></B>), prepared in accordance with US GAAP
    applied on a consistent basis with past practices or
    (ii)&#160;if the Closing occurs after June&#160;30, 2009, the
    FY2008 Financials, prepared in accordance with US GAAP applied
    on a consistent basis with past practices and (b)&#160;unaudited
    consolidated financial statements (which may consist of
    internally prepared management accounts) of SM Cayman and the
    other Group Companies, for the three-month period ended
    March&#160;31, 2009 (the <B><I>&#147;1Q 2009
    Financials&#148;</I></B>), prepared in accordance with US GAAP
    applied on a consistent basis with past practices (subject to
    normal year-end adjustments, which shall not be material in the
    aggregate). To the extent delivered in compliance with this
    Section, the 3Q 2008 Financials and the FY2008 Financials will
    fairly present in all material respects the consolidated
    financial condition and operating results, change in
    stockholders&#146; equity and cash flow of SM Cayman and the
    Group Companies as of the dates, and for the periods, indicated
    therein. To the extent delivered in compliance with this
    Section, the 4Q 2008 Financials and the 1Q 2009 Financials will
    fairly present in all material respects the consolidated
    financial condition and operating results, change in
    stockholders&#146; equity and cash flow of SM Cayman and the
    Group Companies as of the dates, and for the periods, indicated
    therein, subject to normal year-end audit adjustments, none of
    which shall, in the aggregate, be material.
</DIV>

<DIV style="margin-top: 18pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <FONT style="font-family: 'Times New Roman', Times">ARTICLE&#160;XI<BR>
    </FONT>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <FONT style="font-family: 'Times New Roman', Times">Covenants of
    Ideation
    </FONT>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <FONT style="font-variant: SMALL-CAPS">Section&#160;11.1&#160;&#160;</FONT><I>Proxy
    Statement/Prospectus Filing, SEC Filings and Special Meeting</I>.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (a)&#160;Ideation shall cause a meeting of its stockholders (the
    <B><I>&#147;Stockholders&#146; Meeting&#148;</I></B>) to be duly
    called and held as soon as reasonably practicable for the
    purpose of voting on the adoption and approval of, among others,
    this Agreement and the Transactions contemplated thereby.
    Subject to its fiduciary duties, the Ideation Board shall
    recommend to its stockholders that they vote in favor of the
    adoption of such matters. In connection with the
    Stockholders&#146; Meeting, Ideation (a)&#160;will use
    commercially reasonable efforts to file with the SEC as promptly
    as practicable the Proxy Statement/Prospectus, which shall serve
    as a proxy statement pursuant to Section&#160;14(a),
    Regulation&#160;14A, and Schedule&#160;14A under the Exchange
    Act and the
    <FONT style="white-space: nowrap">Form&#160;S-4</FONT>
    Registration Statement and all other proxy materials for such
    meeting, (b)&#160;upon receipt of approval from the SEC, will
    mail to its stockholders the Proxy Statement/Prospectus and
    other proxy materials, (c)&#160;will use commercially reasonable
    efforts to obtain the necessary approvals by its stockholders of
    this Agreement and the Transactions contemplated hereby under
    applicable Legal Requirements (the <B><I>&#147;Stockholder
    Approval&#148;)</I></B>, and (d)&#160;will otherwise comply with
    all Legal Requirements applicable to the Stockholders&#146;
    Meeting.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (b)&#160;Ideation will timely provide to SM Cayman all
    correspondence received from and to be sent to the SEC and will
    not file any amendment to the Proxy Statement/Prospectus with
    the SEC without providing SM Cayman the opportunity to review
    and comment on any proposed responses to the SEC. Ideation and
    SM Cayman will cooperate with each other in finalizing each
    proposed response; provided that ID Cayman shall control the
    final form and substance of any such response. In addition,
    Ideation will use commercially reasonable efforts to cause the
    SEC to permit SM Cayman
    <FONT style="white-space: nowrap">and/or</FONT> its
    counsel to participate in all SEC conversations on substantive
    issues related to the Proxy Statement/Prospectus together with
    Ideation counsel.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <FONT style="font-variant: SMALL-CAPS">Section&#160;</FONT>11.2&#160;&#160;<I>Further
    Assurances.</I>&#160;&#160;From the date hereof until the
    earlier of the Closing Date and the termination of this
    Agreement in accordance with <U>Article&#160;XV</U>, Ideation
    shall, on or prior to the Closing Date, use its commercially
    reasonable efforts to fulfill or obtain the fulfillment of the
    conditions precedent to the consummation of the transactions
    contemplated hereby. Ideation shall further cooperate with the
    SM Parties and use its commercially reasonable efforts to take
    or cause to be taken all actions, and do or cause to be done
</DIV>

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    <BR>
    A-1-36
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<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    all things, necessary, proper or advisable on its part under
    this Agreement and applicable Legal Requirements to consummate
    the transactions set forth in this Agreement as soon as
    practicable.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <FONT style="font-variant: SMALL-CAPS">Section&#160;</FONT>11.3&#160;&#160;<I>Disclosure
    of Certain Matters.</I>&#160;&#160;From the date hereof through
    the Closing Date, Ideation shall give SM Cayman and the SM
    Shareholders prompt written notice of any event or development
    that occurs that (a)&#160;is of a nature that, individually or
    in the aggregate, would have or reasonably be expected to have a
    Material Adverse Effect on Ideation, or (b)&#160;would require
    any amendment or supplement to the Proxy Statement/Prospectus;
    <I>provided </I>that any such notice shall not qualify, affect
    or diminish the representations, warranties and other
    obligations of the Ideation Parties under this Agreement, or
    amend the Disclosure Schedules delivered by the Ideation Parties
    on the date hereof.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <FONT style="font-variant: SMALL-CAPS">Section&#160;</FONT>11.4&#160;&#160;<I>Regulatory
    and Other Authorizations; Notices and
    Consents.</I>&#160;&#160;Ideation shall use its commercially
    reasonable efforts to obtain all material authorizations,
    consents, orders and approvals of, and provide all material
    notices to, all Governmental Authorities and third parties that
    may be or become necessary for its execution and delivery of,
    and the performance of its obligations pursuant to, this
    Agreement and the Transaction Documents to which it is a party.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <FONT style="font-variant: SMALL-CAPS">Section&#160;</FONT>11.5&#160;&#160;<I>Exclusivity;
    No Other Negotiations.</I>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (a)&#160;Except as otherwise provided for herein, Ideation shall
    not take (or authorize or permit any investment banker,
    financial advisor, attorney, accountant or other Person retained
    by or acting for or on behalf of Ideation to take) directly or
    indirectly, any action to initiate, assist, solicit, negotiate,
    or encourage any offer, inquiry or proposal from any Person:
    (i)&#160;relating to any acquisition of such Person or Ideation
    (regardless of the structure of any such acquisition) or
    (ii)&#160;take any other action that has the primary effect of
    avoiding the Closing contemplated hereby; <I>provided</I>, that
    Ideation or its board of directors may engage in discussions
    with any Person who has made an unsolicited bona fide written
    proposal relating to such an acquisition that the board of
    directors Ideation determines in good faith constitutes, or
    could reasonably be expected to result in, an ID Superior
    Proposal; <I>provided further</I>, that no such discussions
    shall limit, affect or impair the enforceability of this
    Agreement against Ideation prior to the termination hereof.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (b)&#160;Ideation will immediately cease any and all existing
    activities, discussions or negotiations with any parties
    conducted heretofore with respect to any of the actions set
    forth in Section&#160;11.5(a) above, if applicable. Ideation
    will promptly (i)&#160;notify the SM Parties if Ideation
    receives any such proposal or inquiry or request for information
    in connection with such proposal and (ii)&#160;notify the SM
    Parties of the significant terms and conditions of any such
    proposal including the identity of the party making the
    proposal. Notwithstanding the other provisions of this
    Section&#160;11.5, from and after June&#160;30, 2009, the
    Ideation Parties may engage in the activities described in
    Section&#160;11.5(a); provided, that any definitive agreement
    entered into by an Ideation Party relating to such activities
    must provide that the closing of any transaction of the type
    described in Section&#160;11.5(a) be conditioned on the prior
    termination of this Agreement in accordance with its terms.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <FONT style="font-variant: SMALL-CAPS">Section&#160;</FONT>11.6&#160;&#160;<I>Related
    Tax.</I>&#160;&#160;From the date hereof through the Closing
    Date, Ideation, consistent with past practice, shall
    (i)&#160;duly and timely file all Tax Returns and other
    documents required to be filed by it with applicable
    Governmental Authorities, subject to extensions permitted by
    Legal Requirements and properly granted by the appropriate
    authority; <I>provided, </I>that Ideation notifies SM Cayman
    that Ideation is availing itself of such extensions, and
    (ii)&#160;pay all Tax shown as due on such Tax Returns.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <FONT style="font-variant: SMALL-CAPS">Section&#160;</FONT>11.7&#160;&#160;<I>Valid
    Issuance of ID Cayman Shares.</I>&#160;&#160;When issued and
    delivered in accordance with the terms hereof for the
    consideration provided for herein and entered in the register of
    members of ID Cayman, the ID Cayman Shares to be issued to the
    SM Shareholders hereunder will be duly authorized, validly
    issued, fully paid and nonassessable. Upon due exercise of the
    New Warrants and payment of the exercise price thereunder and
    once entered in the register of members of ID Cayman, the
    resulting ID Cayman shares will be validly issued, fully paid
    and nonassessable.
</DIV>

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    <BR>
    A-1-37
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<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->

<DIV align="center" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <FONT style="font-family: 'Times New Roman', Times">ARTICLE&#160;XII<BR>
    </FONT>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <FONT style="font-family: 'Times New Roman', Times">Additional
    Agreements and Covenants
    </FONT>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <FONT style="font-variant: SMALL-CAPS">Section&#160;</FONT>12.1&#160;&#160;<I>Disclosure
    Schedules.</I>&#160;&#160;Each of the Parties shall, as of the
    Closing Date, have the obligation to supplement or amend their
    respective Disclosure Schedules being delivered concurrently
    with the execution of this Agreement and annexes and exhibits
    hereto with respect to any matter hereafter arising or
    discovered which resulted in, or could reasonably be expected to
    result in, a breach of any representation or warranty made by
    them herein; <I>provided </I>that any such amendment or
    supplementation shall not qualify, affect or diminish the
    representations, warranties and other obligations of the Parties
    under this Agreement or any condition to Closing hereunder, and
    the representations, warranties and other obligations of the
    Parties under this Agreement shall be made, qualified
    <FONT style="white-space: nowrap">and/or</FONT>
    determined by reference to the Disclosure Schedules as delivered
    at the time of execution of this Agreement.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <FONT style="font-variant: SMALL-CAPS">Section&#160;</FONT>12.2&#160;&#160;<I>Confidentiality.</I>&#160;&#160;Between
    the date hereof and the Closing Date, each of Ideation and the
    SM Parties shall hold and shall cause their respective
    Representatives to hold in strict confidence, unless compelled
    to disclose by judicial or administrative process or by other
    Legal Requirements or by the rules and regulations of, or
    pursuant to any agreement of a stock exchange or trading system,
    all documents and information concerning the other Party
    furnished to it by such other Party or its Representatives in
    connection with the Transactions, except to the extent that such
    information can be shown to have been (a)&#160;previously known
    by the Party to which it was furnished, (b)&#160;in the public
    domain through no fault of such Party, or (c)&#160;later
    lawfully acquired by the Party to which it was furnished from
    other sources, which source is not a Representative of the other
    Party, and each Party shall not release or disclose such
    information to any other Person, except its Representatives in
    connection with this Agreement. Each Party shall be deemed to
    have satisfied its obligations to hold confidential information
    concerning or supplied by the other Party in connection with the
    Transactions, if it exercises the same care as it takes to
    preserve confidentiality for its own similar information. For
    the avoidance of doubt, any disclosure of information required
    to be included by Ideation or the SM Parties in their respective
    filings with the SEC as required by the applicable Legal
    Requirements will not be violation of this Section&#160;12.2.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <FONT style="font-variant: SMALL-CAPS">Section&#160;</FONT>12.3&#160;&#160;<I>Public
    Announcements.</I>&#160;&#160;From the date of this Agreement
    until the Closing or termination of this Agreement, Ideation and
    each of the SM Entities shall cooperate in good faith to jointly
    prepare all press releases and public announcements pertaining
    to this Agreement and the Transactions governed by it, and none
    of the foregoing shall issue or otherwise make any public
    announcement or communication pertaining to this Agreement or
    the transaction without the prior consent of Ideation (in the
    case of SM Entities) or SM Cayman (in the case of Ideation),
    except as required by any Legal Requirement or by the rules and
    regulations of, or pursuant to any agreement of, a stock
    exchange or trading system. Each such Party will not
    unreasonably withhold approval from the others with respect to
    any press release or public announcement. If any Party
    determines with the advice of counsel that it is required to
    make this Agreement and the terms of the transaction public or
    otherwise issue a press release or make public disclosure with
    respect thereto, other than as required by any Legal Requirement
    or by the rules and regulations of, or pursuant to any agreement
    of, a stock exchange or trading system, it shall at a reasonable
    time before making any public disclosure, consult with the other
    Parties regarding such disclosure, seek such confidential
    treatment for such terms or portions of this Agreement or the
    transaction as may be reasonably requested by the other Parties
    and disclose only such information as is legally compelled to be
    disclosed. This provision will not apply to communications by
    any Party to its counsel, accountants and other professional
    advisors.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <FONT style="font-variant: SMALL-CAPS">Section&#160;</FONT>12.4&#160;&#160;<I>Board
    Composition.</I>&#160;&#160;Ideation shall take such action,
    including amending its bylaws, as may be required to cause the
    number of directors constituting the Combined Board immediately
    after the Closing to consist of nine (9)&#160;persons, for a
    period commencing on the Closing Date and ending not sooner than
    the third anniversary of the Closing Date. Ideation shall have
    received the resignation of a sufficient number of current
    directors (which resignation may be conditioned upon the Closing
    of the Share Exchange) to allow for the election of the Director
    Nominees pursuant to this Section, and the remaining members of
    the Ideation Board shall have elected the other Director
    Nominees (as hereafter defined) as members of the Combined
    Board, effective upon the Closing, to fill the vacancies created
    by such increase in the size of the
</DIV>

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    <BR>
    A-1-38
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    board and such resignations. Each Director Nominee shall serve
    as a director for a term expiring at ID Cayman&#146;s next
    annual meeting of stockholders following the Closing Date and
    until his or her successor is elected and qualified.
    <B><I>&#147;Director Nominees&#148;</I></B> means (i)&#160;four
    (4)&#160;persons nominated by the Ideation Representative (at
    least two (2)&#160;of whom shall be &#147;independent
    directors&#148; as such term is defined in the rules and
    regulations of AMEX (the <B><I>&#147;Independent
    Directors&#148;</I></B>)) and (ii)&#160;five (5)&#160;persons
    nominated by the SM Shareholders&#146; Representatives (at least
    three (3)&#160;of whom shall be Independent Directors).
</DIV>

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    <FONT style="font-variant: SMALL-CAPS">Section&#160;</FONT>12.5&#160;&#160;<I>Fees
    and Expenses.</I>&#160;&#160;Except as expressly provided in
    Article&#160;XV, in the event there is no Closing of the
    Transactions contemplated by this Agreement, all fees and
    expenses incurred in connection with this Agreement shall be
    paid by the Party incurring such fees and expenses.
</DIV>

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    <FONT style="font-variant: SMALL-CAPS">Section&#160;</FONT>12.6&#160;&#160;<I>Director
    and Officer Insurance.</I>&#160;&#160;As soon as practicable
    after the date hereof, Ideation will file an application, and
    otherwise use commercially reasonable efforts to obtain, with a
    reputable insurance company seeking a tail liability insurance
    policy (the <B><I>&#147;Tail Policy&#148;</I></B>) that will be
    purchased by ID Cayman at the Closing covering those Persons who
    are currently covered by Ideation&#146;s directors&#146; and
    officers&#146; liability insurance policy through and including
    the Closing Date. Such Tail Policy shall (to the extent
    available in the market) have a price not exceeding 300% of the
    premium paid by Ideation as of the Closing Date, with coverage
    in amount and scope at least as favorable to such Persons as
    Ideation&#146;s coverage as of the Closing Date (or the maximum
    amount that may be purchased for such price), which Tail Policy
    shall continue for at least six (6)&#160;years following the
    Closing.
</DIV>

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<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <FONT style="font-variant: SMALL-CAPS">Section&#160;</FONT>12.7&#160;&#160;<I>Tax
    Elections.</I>&#160;&#160;To the extent permitted by applicable
    Legal Requirements, each of the Group Companies shall duly
    authorize, execute, and file an election under United States
    Treasury
    <FONT style="white-space: nowrap">Regulation&#160;Section&#160;301.7701-3</FONT>
    to be disregarded as an entity separate from its owner,
    effective the day of the Closing Date.
</DIV>

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    <FONT style="font-variant: SMALL-CAPS">Section&#160;</FONT>12.8&#160;&#160;<I>Exemption
    of Transaction.</I>&#160;&#160;Prior to the Closing, ID Arizona
    or ID Cayman shall adopt such appropriate board resolutions so
    as to cause any acquisitions of ID Cayman Shares (including
    derivative securities with respect to ID Cayman Shares)
    resulting from the transactions contemplated by this Agreement
    by each individual who is subject or will become subject as a
    result of the transactions contemplated by this Agreement to the
    reporting requirements of Section&#160;16(a) of the Exchange Act
    to be exempt under
    <FONT style="white-space: nowrap">Rule&#160;16b-3</FONT>
    promulgated under the Exchange Act.
</DIV>

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    <FONT style="font-variant: SMALL-CAPS">Section&#160;12.9&#160;&#160;</FONT><I>Series&#160;D
    or Other Financing.</I>&#160;&#160;Notwithstanding anything to
    the contrary set forth herein, from the date hereof until the
    date the Proxy Statement/Prospectus is declared effective by the
    SEC, SM Cayman shall be permitted to raise capital pursuant to
    an issuance of Series&#160;D Preferred Shares, on the terms and
    conditions agreed upon by Ideation and SM Cayman, provided that
    such financing results in maximum aggregate proceeds to the
    borrower of US$15&#160;million and no dividends shall accrue on
    such shares until the end of the first full calendar quarter
    after the Closing or termination hereof (a
    <B><I>&#147;Series&#160;D Financing&#148;</I></B>). The terms of
    any such Series&#160;D Preferred Shares must provide for their
    automatic conversion, (a)&#160;in the event that ID Cayman
    Preferred Shares will be issued pursuant to Section&#160;12.12,
    into ID Cayman Preferred Shares at the Closing using a ratio of
    one (1)&#160;ID Cayman Preferred Share per each US$7.8815 of
    aggregate liquidation preference thereunder, rounding up to the
    nearest whole share, and a number of New Warrants, each such New
    Warrant to purchase 0.25 of an ordinary share of ID Cayman at an
    exercise price per such ordinary share of $7.8815, and
    (2)&#160;in any other event, into ID Cayman Shares at the
    Closing using a ratio of one (1)&#160;ID Cayman Share per each
    US$7.8815 of aggregate liquidation preference thereunder,
    rounding up to the nearest whole share. Notwithstanding anything
    to the contrary set forth in this Agreement, SM Cayman shall
    also be permitted to discuss with potential lenders the terms of
    a subordinated debt financing, provided that the consent of
    Ideation shall be required prior to SM Cayman entering into any
    agreement or commitment with respect to such financing.
</DIV>

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    <FONT style="font-variant: SMALL-CAPS">Section&#160;12.10&#160;&#160;</FONT><I>Covenants
    of the Frost Group</I>.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (a)&#160;<I>Sponsor Purchases.</I>&#160;&#160;Following the
    initial filing of the Proxy Statement/Prospectus with the SEC
    and continuing until no later than 4:30 pm Eastern time on the
    day that is two (2)&#160;business days before the day of the
    Stockholders Meeting, The Frost Group, LLC (the
    <B><I>&#147;Sponsor Entity&#148;</I></B>), through itself, its
    Affiliates or other
</DIV>

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    <BR>
    A-1-39
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    Persons (each such other Person, a <B><I>&#147;Non-Affiliate
    Purchaser&#148;</I></B>), agrees to purchase
    <FONT style="white-space: nowrap">and/or</FONT> enter
    into binding contracts to purchase (the <B><I>&#147;Sponsor
    Purchases&#148;</I></B>) Ideation Shares in the open market or
    in privately negotiated transactions (the <B><I>&#147;Acquired
    Shares&#148;</I></B>), in such an amount (the
    <B><I>&#147;Sponsor Purchase Commitment Amount&#148;</I></B>)
    equal to the lesser of (i)&#160;an aggregate expenditure of
    US$18.25&#160;million and (ii)&#160;an amount (A)&#160;that,
    when combined with purchases by Ideation pursuant to
    Section&#160;12.11 and proxies delivered by Ideation
    stockholders approving the Transactions, would result in the
    adoption and approval of this Agreement and the Transactions at
    the Stockholders&#146; Meeting and (B)&#160;that would result in
    ID Cayman possessing (assuming settlement of such
    Section&#160;12.11 purchases) at least US$18.25&#160;million in
    its Trust&#160;Account immediately after the Closing, before
    payment of the expenses set forth in clauses&#160;(b) through
    (e)&#160;of Section&#160;8.19, provided, however, that
    (w)&#160;the purchase price per Ideation Share is not more than
    $9.00; (x)&#160;the Sponsor Purchase Commitment Amount is used
    solely to purchase Ideation Shares and is not applied to any
    transaction cost related to such purchase, other than normal
    brokerage fees; (y)&#160;such Sponsor Purchases are conducted in
    compliance with the Securities Act, the Exchange Act and any
    other applicable Legal Requirements; and (z)&#160;the aggregate
    amount of such Sponsor Purchases shall be disclosed to the
    holders of Ideation Shares in an appropriate filing with the SEC
    one (1)&#160;business day before the Stockholders Meeting. To
    the extent that the Sponsor Entity, through itself, its
    Affiliates or Non-Affiliate Purchasers, is unable to make
    sufficient Sponsor Purchases of Acquired Shares to satisfy the
    Sponsor Purchase Commitment Amount for any reason, Ideation
    agrees to sell shares of Ideation Common Stock (which shall also
    be deemed to be &#147;Acquired Shares&#148; for purposes of this
    Article&#160;XII)&#160;to the Sponsor Entity, its Affiliates or
    Non-Affiliate Purchasers for a price per share equal to $7.8815
    in such number as necessary to remedy such shortfall, and the
    Sponsor Entity shall not be in breach of this section to the
    extent it so remedies such shortfall pursuant to such purchases.
    The Sponsor Entity agrees to promptly provide reasonable
    supporting evidence of its compliance with the provisions of
    this Article&#160;XII, upon request by an SM Shareholders&#146;
    Representative.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (b)&#160;<I>Voting of the Subject Shares; Conversion</I>.
</DIV>

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<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (i)&#160;At the Stockholders&#146; Meeting described in
    Section&#160;11.1 (including every adjournment or postponement
    thereof) the Sponsor Entity covenants and agrees that it shall
    vote or cause the vote of (A)&#160;all of the Acquired Shares
    owned by it and its Affiliates and (B)&#160;any Ideation Shares
    it or its Affiliates hold as of the date hereof, other than the
    &#147;initial shares&#148; as defined in the definitive
    Prospectus of Ideation dated November&#160;19, 2007 (together,
    the <B><I>&#147;Subject Shares&#148;</I></B>):
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (a)&#160;in favor of the adoption and approval of this Agreement
    and the Transactions;
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (b)&#160;against any proposal made in opposition to, or in
    competition with, this Agreement and the Transactions;&#160;and
</DIV>

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    (c)&#160;against any other action that is intended, or would
    reasonably be expected to, unreasonably impede, interfere with,
    delay, postpone, discourage or adversely affect this Agreement
    and the Transactions.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Furthermore, to the extent that any Non-Affiliate Purchaser
    fails to vote any Acquired Shares owned by it in accordance with
    such terms, then the purchase of such shares shall not be
    counted toward fulfillment of the Sponsor Purchase Commitment
    Amount.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

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    (ii)&#160;The Sponsor Entity agrees that at all times during the
    period commencing with the execution and delivery of this
    Agreement and until the Closing (or the earlier termination of
    this Agreement in accordance with its terms), none of it or its
    Affiliates will exercise any right to convert any of the Subject
    Shares for a pro-rata share of the Trust&#160;Account.
    Furthermore, to the extent that any Non-Affiliate Purchaser
    shall exercise any such right with respect to any Acquired
    Shares owned by it, then the purchase of such shares shall not
    be counted toward fulfillment of the Sponsor Purchase Commitment
    Amount.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

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    (c)&#160;<I>Cooperation.</I>&#160;&#160;In addition to the
    foregoing, the Sponsor Entity agrees to use commercially
    reasonable efforts to cooperate with the Ideation Parties and
    the SM Parties in order to consummate the Transactions
    (including, without limitation, with respect to providing
    information about itself, its Affiliates or Non-Affiliate
    Purchasers or Sponsor Purchases as necessary for Ideation to
    respond to any SEC comments on the Proxy Statement/Prospectus).
</DIV>

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    <BR>
    A-1-40
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    <FONT style="font-variant: SMALL-CAPS">Section&#160;12.11&#160;&#160;</FONT><I>Ideation
    Share Purchases.</I>&#160;&#160;The parties agree and
    acknowledge that, following the initial filing of the Proxy
    Statement/Prospectus with the SEC, Ideation may seek to
    purchase, or enter into binding contracts to purchase, shares of
    Ideation Common Stock either in the open market or in privately
    negotiated transactions. Any such purchases or contracts would
    be entered into and effected either pursuant to a 10b(5)-1 plan
    or at a time when Ideation, its initial stockholders (as defined
    in the Ideation Prospectus) or their respective Affiliates are
    not aware of any material nonpublic information regarding
    Ideation or its securities. Any such purchases or contracts
    could involve the incurrence of debt financing, payment of
    significant fees or interest payments
    <FONT style="white-space: nowrap">and/or</FONT> the
    issuance of additional shares of Ideation Common Stock or other
    securities of Ideation to the sellers of such shares or other
    persons providing financing or other assistance in the
    transactions; provided that any such purchases or contracts
    other than Ordinary Course Purchases shall require the prior
    approval of the SM Shareholders&#146; Representatives (which
    shall not be unreasonably withheld or delayed). If the SM
    Shareholders&#146; Representatives shall unreasonably withhold
    or delay such approval, and the Stockholder Approval is not
    obtained but could reasonably be expected to have been obtained
    if such contract(s) had been approved and executed, then the
    obligations of the Frost Group to make Sponsor Purchases
    pursuant to Section&#160;12.10 shall terminate. It shall be a
    condition to the closing of such contracts that all shares to be
    purchased pursuant to any such contracts be voted in favor of
    the Transactions at the Stockholders&#146; Meeting. These
    purchases or arrangements could result in an expenditure of, or
    a commitment to expend, a substantial amount of Ideation&#146;s
    funds, which will ultimately reduce the amount of funds
    remaining in the Trust&#160;Account immediately after the
    Closing. <B><I>&#147;Ordinary Course Purchases&#148;</I></B>
    means cash-settled forward purchase contracts with
    non-Affiliates of Ideation, of such type as entered into from
    time to time in connection with transactions involving special
    purpose acquisition companies or &#147;SPACs&#148; that are
    similar to the Share Exchange, to purchase shares of Ideation
    for a purchase price per share not to exceed US$9.00 plus
    <FONT style="white-space: nowrap">out-of-pocket</FONT>
    costs incurred in connection with such purchases; provided,
    however that such contracts do not bind SM Cayman or encumber
    its assets.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <FONT style="font-variant: SMALL-CAPS">Section&#160;12.12&#160;&#160;</FONT><I>ID
    Cayman Preferred Shares and New Warrants.</I>&#160;&#160;If,
    following the closings of the agreements contemplated by
    Section&#160;12.11 hereof and the payments to Ideation
    stockholders who have properly exercised their Conversion
    Rights, less than US$55,170,500 will remain in the
    Trust&#160;Account before payment of the amounts described in
    clauses&#160;(b) through (e)&#160;of Section&#160;8.19, each
    Acquired Share shall be repurchased by ID Cayman in exchange for
    one ID Cayman Preferred Share and a New Warrant to purchase 0.25
    of an ordinary share of ID Cayman immediately prior to the
    Closing of the Share Exchange. The exercise price per ordinary
    share of such New Warrants shall be US$7.8815. Such repurchase
    shall be conditioned upon the execution and delivery by the
    holder of such an Acquired Share of a repurchase agreement in
    reasonable and customary form and substance for a transaction of
    such nature, which shall include customary registration rights
    with respect to such ID Cayman Preferred Shares and the ordinary
    shares underlying such preferred shares, which rights shall be
    pari passu with other registration rights granted to holders of
    ID Cayman Securities. Each holder of Acquired Shares shall be a
    third-party beneficiary to this provision for so long as he or
    she holds such shares.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <FONT style="font-variant: SMALL-CAPS">Section&#160;12.13&#160;&#160;</FONT><I>Internal
    Audit Function.</I>&#160;&#160;For a period of three
    (3)&#160;years after the Closing, the SM Parties shall, through
    their designees on the ID Cayman board of directors (to the
    extent not prohibited by applicable law of the Cayman Islands),
    cause ID Cayman to engage an independent registered public
    accounting firm, which firm shall not otherwise be engaged by ID
    Cayman with respect to any other matter, to report to its audit
    committee and oversee the internal audit function of ID Cayman
    in such role. The audit committee of ID Cayman may waive
    compliance with this covenant prior to the third anniversary of
    the Closing at any time that it shall determine that ID Cayman
    has sufficient internal resources to comply with all applicable
    Legal Requirements relating to its internal audit function.
</DIV>

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    <BR>
    A-1-41
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    <FONT style="font-family: 'Times New Roman', Times">ARTICLE&#160;XIII<BR>
    </FONT>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <FONT style="font-family: 'Times New Roman', Times">Conditions
    to Closing
    </FONT>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <FONT style="font-variant: SMALL-CAPS">Section&#160;13.1&#160;&#160;</FONT><I>SM
    Parties Conditions Precedent.</I>&#160;&#160;The obligations of
    the SM Parties to complete the Closing are subject to the
    fulfillment on or prior to the Closing Date, of the following
    conditions by the Ideation Parties, any one or more of which may
    be waived by SM Cayman in writing.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (a)&#160;<I>Representations and Covenants.</I>&#160;&#160;The
    representations and warranties of the Ideation Parties contained
    in this Agreement, when read without any qualifications relating
    to &#147;materiality,&#148; or &#147;Material Adverse
    Effect&#148;, shall be true on and as of the Closing Date,
    except where the failure of such representations or warranties
    to be so true and correct, individually or in the aggregate, has
    not had or would not reasonably be expected to have a Material
    Adverse Effect on the Ideation Parties, and each of the Ideation
    Parties shall have performed and complied in all material
    respects with all covenants and agreements required by this
    Agreement to be performed or complied with by each of them on or
    prior to the Closing Date, and the Ideation Parties shall have
    delivered to SM Cayman a certificate, dated the Closing Date, to
    the foregoing effect.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (b)&#160;<I>No Litigation, Injunctions.</I>&#160;&#160;No
    action, suit or proceeding shall have been instituted before any
    court or governmental or regulatory body or instituted by any
    Governmental Authorities to restrain, modify or prevent the
    carrying out of the Transactions, or to seek material damages or
    a discovery order in connection with such Transactions, and
    there shall exist no injunction or other order issued by any
    Governmental Authority or court of competent jurisdiction which
    prohibits the consummation of any of the Transactions.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (c)&#160;<I>No Material Adverse Change.</I>&#160;&#160;There
    shall not have been any occurrence, event, incident, action,
    failure to act, or transaction since September&#160;30, 2008
    which has had or is reasonably likely to cause a Material
    Adverse Effect on Ideation.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (d)&#160;<I>Filing of Proxy
    Statement/Prospectus.</I>&#160;&#160;Ideation shall have filed
    the definitive Proxy Statement with the SEC and mailed it to
    Ideation&#146;s stockholders.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (e)&#160;<I>Approval by Ideation&#146;s
    Stockholders.</I>&#160;&#160;The Transactions shall have been
    approved by the holders of Common Stock in accordance with the
    DGCL, other applicable Legal Requirements, and the Ideation
    Constituent Instruments, and the aggregate number of shares of
    Common Stock held by stockholders of Ideation who exercise their
    Conversion Rights with respect to their Common Stock in
    accordance with the Ideation Constituent Instruments shall not
    constitute thirty percent (30%) or more of the Common Stock
    issued in the Ideation Public Offering.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (f)&#160;<I>Notice to Trustee.</I>&#160;&#160;Ideation shall
    have, prior to the Closing, delivered to the trustee of the
    Trust&#160;Account instructions to disburse on the Closing Date
    the monies in the Trust&#160;Account in accordance with the
    documents governing the Trust&#160;Account and this Agreement.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (g)&#160;<I>Resignations.</I>&#160;&#160;Effective as of the
    Closing, the directors and officers of Ideation who will not be
    continuing directors and officers of ID Cayman will have
    resigned and the copies of the resignation letters of such
    directors and officers shall have been delivered to ID Cayman,
    together with a written release from each such resigning
    director and officer to the effect that such person has no claim
    for employment or other compensation in any form from Ideation
    except for reimbursement of outstanding expenses existing as of
    the date of such person&#146;s resignation.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (h)&#160;<I>SEC Reports.</I>&#160;&#160;Ideation shall have
    filed all reports and other documents required to be filed by
    Ideation under the U.S.&#160;federal securities laws through the
    Closing Date.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (i)&#160;<I>Secretary&#146;s Certificate.</I>&#160;&#160;SM
    Cayman shall have received a certificate from Ideation, signed
    by its Secretary, certifying that the attached copies of the
    Ideation Constituent Instruments and resolutions of the Ideation
    Board approving the Agreement and the Transactions are all true,
    complete and correct and remain in full force and effect, and
    certifying as to the incumbency of its officers.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (j)&#160;<I>Deliveries.</I>&#160;&#160;The deliveries required
    to be made by Ideation in Article&#160;VI shall have been made
    by Ideation.
</DIV>

<P align="center" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <BR>
    A-1-42
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<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (k)&#160;<I>Governmental Approval.</I>&#160;&#160;The Parties
    shall have timely obtained from each Governmental Authority all
    approvals, waivers and consents, if any, necessary for
    consummation of or in connection with this Agreement and the
    Transactions contemplated hereby, including such approvals,
    waivers and consents as may be required under applicable Legal
    Requirements.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (l)&#160;<I>Merger and Conversion Documents.</I>&#160;&#160;The
    following documents shall have been executed and delivered by
    the Ideation Parties: (i)&#160;Certificate of Merger to be filed
    in accordance with the DGCL as of the Merger Effective Time;
    (ii)&#160;Articles of Merger to be filed in accordance with the
    ARS as of the Merger Effective Time; (iii)&#160;documents
    required for the transfer of domicile of ID Arizona pursuant to
    the ARS; and (iv)&#160;documents required for the submission to
    the Registrar of Companies in the Cayman Islands to obtain a
    certificate of registration by way of continuation pursuant to
    the Cayman Companies Law.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (m)&#160;<I>Opinions.</I>&#160;&#160;The SM Entities shall have
    received the opinion of the Ideation Parties&#146; legal counsel
    in Delaware, Arizona and Cayman Islands, which such opinion
    shall be substantially in the forms attached hereto as
    <I><FONT style="white-space: nowrap">Exhibits&#160;C-1,C-2</FONT>
    </I>and <I>C-3, </I>respectively.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (n)&#160;<I>Certificate of Good Standing.</I>&#160;&#160;The SM
    Entities shall have received a certificate of good standing (or
    its equivalent) under the applicable Legal Requirements of each
    of the Ideation Parties.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (o)&#160;<I>Registration Statement.</I>&#160;&#160;The
    <FONT style="white-space: nowrap">Form&#160;S-4</FONT>
    Registration Statement shall have been declared effective and no
    stop order suspending its effectiveness shall be in effect.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (p)&#160;<I>Investor Representation Letters.</I>&#160;&#160;The
    Investor Representation Letter shall have been executed and
    delivered by each affiliate of Ideation who holds an Interim
    Note or any other securities of SM Cayman that are being
    converted into or exchanged for ID Cayman Shares at the Closing
    pursuant to this Agreement.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (q)&#160;<I>Required Consents.</I>&#160;&#160;All consents,
    authorizations and approvals of the Persons set forth in
    Schedule&#160;13.1(q) of this Agreement shall have been obtained.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <FONT style="font-variant: SMALL-CAPS">Section&#160;</FONT>13.2&#160;&#160;<I>Ideation
    Conditions Precedent.</I>&#160;&#160;The obligations of Ideation
    to complete the Closing are subject to the fulfillment on or
    prior to the Closing Date of the following conditions by each of
    the SM Parties, any one or more of which may be waived by
    Ideation in writing:
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (a)&#160;<I>Representations and Covenants.</I>&#160;&#160;The
    representations and warranties of the SM Parties contained in
    this Agreement, when read without any qualifications relating to
    &#147;materiality,&#148; or &#147;Material Adverse Effect&#148;,
    shall be true on and as of the Closing Date, except where the
    failure of such representations or warranties to be so true and
    correct, individually or in the aggregate, has not had or would
    not reasonably be expected to have a Material Adverse Effect on
    the SM Parties, and each of the SM Parties shall have performed
    and complied in all material respects with all covenants and
    agreements required by this Agreement to be performed or
    complied with by each of them on or prior to the Closing Date,
    and the SM Parties shall have delivered to Ideation a
    certificate, dated the Closing Date, to the foregoing effect.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (b)&#160;<I>No Litigation, Injunctions.</I>&#160;&#160;No
    action, suit or proceeding shall have been instituted before any
    court or governmental or regulatory body or instituted by any
    Governmental Authorities to restrain, modify or prevent the
    carrying out of the Transactions, or to seek material damages or
    a discovery order in connection with such Transactions, and
    there shall exist no injunction or other order issued by any
    Governmental Authority or court of competent jurisdiction which
    prohibits the consummation of any of the Transactions.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (c)&#160;<I>No Material Adverse Change.</I>&#160;&#160;There
    shall not have been any occurrence, event, incident, action,
    failure to act, or transaction since June&#160;30, 2008 which
    has had or is reasonably likely to cause a Material Adverse
    Effect on the Group Companies, taken as a whole.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (d)&#160;<I>Approval by Ideation&#146;s
    Stockholders.</I>&#160;&#160;The Transactions shall have been
    approved by the holders of Common Stock in accordance with the
    DGCL, other applicable Legal Requirements, and the Ideation
    Constituent Instruments, and the aggregate number of shares of
    Common Stock held by stockholders of Ideation who exercise their
    Conversion Rights with respect to their Common Stock in
    accordance with the Ideation Constituent Instruments shall not
    constitute thirty percent (30%) or more of the Common Stock
    issued in the Ideation Public Offering.
</DIV>

<P align="center" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <BR>
    A-1-43
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<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (e)&#160;<I>Opinions.</I>&#160;&#160;Ideation shall have
    received the opinion of SM Cayman&#146;s legal counsel in the
    PRC and the Cayman Islands, and each such opinion shall be
    substantially in the forms attached hereto as
    <I><FONT style="white-space: nowrap">Exhibits&#160;D-1</FONT>
    </I>and <I>D-2, </I>respectively.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (f)&#160;<I>Officer&#146;s Certificates.</I>&#160;&#160;Ideation
    shall have received a certificate from each of the SM Parties
    that is an entity signed by an authorized officer or
    representative of such Party, respectively, certifying that the
    attached copies of each such Party&#146;s constituent
    instruments and resolutions or other authorizing documents
    approving the Agreement and the Transactions are all true,
    complete and correct and remain in full force and effect, and
    certifying as to the incumbency of its officers. Ideation shall
    have received a certificate from Jingli Shanghai signed by an
    authorized officer or representative of such Party, certifying
    that the attached copies of each of its Subsidiary&#146;s
    constituent instruments are all true, complete and correct and
    remain in full force and effect.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (g)&#160;<I>Certificate of Good
    Standing.</I>&#160;&#160;Ideation shall have received a
    certificate of good standing of SM Cayman.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (h)&#160;<I>Deliveries.</I>&#160;&#160;All other deliveries
    required to be made by the SM Parties in Article&#160;VI shall
    have been made by them.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (i)&#160;<I>Investor Representation Letters.</I>&#160;&#160;The
    Investor Representation Letter shall have been executed and
    delivered by each of the SM Shareholders, SM Warrantholders and
    holders of Interim Notes (other than the affiliates of Ideation
    described in Section&#160;13.1(p) hereof).
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (j)&#160;<I>Preferred Conversion.</I>&#160;&#160;The Preferred
    Conversion shall have occurred.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (k)&#160;<I>Governmental Approval.</I>&#160;&#160;The Parties
    shall have timely obtained from each Governmental Authority all
    approvals, waivers and consents, if any, necessary for
    consummation of or in connection with this Agreement and the
    Transactions contemplated hereby, including such approvals,
    waivers and consents as may be required under applicable Legal
    Requirements.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (l)&#160;<I>Registration Statement.</I>&#160;&#160;The
    <FONT style="white-space: nowrap">Form&#160;S-4</FONT>
    Registration Statement shall have been declared effective and no
    stop order suspending its effectiveness shall be in effect.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (m)&#160;<I>Required Consents.</I>&#160;&#160;All consents,
    authorizations and approvals, of the Persons set forth in
    Schedule&#160;13.2(m) of this Agreement shall have been obtained.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (n)&#160;<I>Officers.</I>&#160;&#160;Each of Qinying Liu, Garbo
    Lee and Jennifer Huang shall have continued to serve in the same
    position at SM Cayman
    <FONT style="white-space: nowrap">and/or</FONT> the
    other Group Companies as such Person is serving as of the date
    of this Agreement, or in another senior management capacity.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (o)&#160;<I>Financial Statements.</I>&#160;&#160;The SM Parties
    shall have delivered the financial statements described in
    Section&#160;10.10. If the Closing occurs on or prior to
    June&#160;30, 2009, (i)&#160;either (x)&#160;Adjusted Net Income
    and EBITDA set forth in the 3Q 2008 Financials for the
    three-month period ended September&#160;30, 2008 shall be not
    less than US$5,148,000 and US$9,627,000, respectively, and
    (y)&#160;Adjusted Net Income and EBITDA set forth in the 4Q 2008
    Financials for the three-month period ended December&#160;31,
    2008 shall be not less than US$5,805,000 and US$11,109,000,
    respectively, or (z)&#160;Adjusted Net Income and EBITDA set
    forth in the FY2008 Financials for the twelve-month period ended
    December&#160;31, 2008 shall be not less than US$15,297,000 and
    US$30,218,000, respectively, and (ii)&#160;Adjusted Net Income
    and EBITDA set forth in the 1Q 2009 Financials for the
    three-month period ended March&#160;31, 2009 shall be not less
    than US$5,085,000 and US$9,513,000 respectively. If the Closing
    occurs after June&#160;30, 2009, (i)&#160;Adjusted Net Income
    and EBITDA set forth in the FY2008 Financials for the
    twelve-month period ended December&#160;31, 2008 shall be not
    less than US$15,297,000 and US$30,218,000, respectively, and
    (ii)&#160;Adjusted Net Income and EBITDA set forth in the 1Q
    2009 Financials for the three-month period ended March&#160;31,
    2009 shall be not less than US$5,085,000 and US$9,513,000,
    respectively. The 3Q 2008 Financials and the FY2008 Financials
    (as applicable) shall have been accompanied by an unqualified
    opinion of an internationally recognized and
    U.S.&#160;registered independent public accounting firm
    qualified to practice before the Public Company Accounting
    Oversight Board.
</DIV>

<P align="center" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <BR>
    A-1-44
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<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->

<DIV align="center" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <FONT style="font-family: 'Times New Roman', Times">ARTICLE&#160;XIV<BR>
    </FONT>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <FONT style="font-family: 'Times New Roman', Times">Indemnification
    </FONT>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <FONT style="font-variant: SMALL-CAPS">Section&#160;</FONT>14.1&#160;&#160;<I>Survival.</I>&#160;&#160;All
    of the representations and warranties of the Parties contained
    in this Agreement shall survive the Closing for a period of
    twelve (12)&#160;months and shall thereafter be of no further
    force and effect; <I>provided, however</I>, that the
    representations and warranties contained in Section&#160;7.1,
    the first three sentences of Section&#160;7.2, Section&#160;7.3,
    Section&#160;7.4, Section&#160;7.14,
    <FONT style="white-space: nowrap">Section&#160;8.1(a)-(c),</FONT>
    Section&#160;8.2, Section&#160;8.3, Section&#160;8.4 and
    Section&#160;8.22 (the <B><I>&#147;Basic
    Representations&#148;</I></B>) shall survive the Closing for a
    period equal to any applicable statute of limitations. All of
    the covenants and obligations of the Parties contained in this
    Agreement shall survive the Closing unless they expire sooner in
    accordance with their terms. The term during which any
    representation, warranty, or covenant survives hereunder is
    referred to as the <B><I>&#147;Survival Period.&#148;</I></B>
    Except as expressly provided in this paragraph, no claim for
    indemnification hereunder may be made after the expiration of
    the Survival Period.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <FONT style="font-variant: SMALL-CAPS">Section</FONT>&#160;14.2&#160;&#160;<I>Indemnification
    by the SM Shareholders and Linden Ventures</I>.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (a)&#160;From and after the Closing, the SM Shareholders shall,
    subject to the terms hereof, severally (pro rata in proportion
    to the consideration received by such SM Shareholder at the
    Closing, including consideration received in respect of SM
    Warrants (calculated on an as-if-converted basis)) indemnify,
    defend and hold harmless the Ideation Parties and their
    respective successors and permitted assigns (the
    <B><I>&#147;Ideation Indemnified Parties&#148;</I></B>) from and
    against any liabilities, loss, claims, damages, fines,
    penalties, expenses (including costs of investigation and
    defense and reasonable attorneys&#146; fees and court costs)
    (collectively, <B><I>&#147;Damages&#148;</I></B>) arising from
    or relating to: (i)&#160;any breach of any representation or
    warranty made by any of the SM Entities in Article&#160;VII
    hereof or in any certificate delivered by the SM Entities
    pursuant to this Agreement; (ii)&#160;any breach by any SM
    Entity of its covenants or obligations in this Agreement;
    (iii)&#160;any breach by any SM Shareholder of its
    representations or warranties, covenants or obligations in this
    Agreement or in any certificate delivered by the SM Shareholders
    pursuant to this Agreement; (iv)&#160;the validity,
    enforceability or effectiveness (or lack thereof) of the
    appointment of the Designated Agent, any actions taken by him or
    her hereunder,
    <FONT style="white-space: nowrap">and/or</FONT> the
    transfer of any Other SM Shares by him or her (including Other
    SM Shares resulting from option exercises and vesting of SM
    Restricted Shares&#160;Awards after the date hereof), or the
    ownership or transfer of any SM Shares by the Non-signing SM
    Shareholder (including Non-signing SM Shareholders resulting
    from option exercises and vesting of SM Restricted
    Shares&#160;Awards after the date hereof) pursuant to this
    Agreement; (v)&#160;the failure to allocate any Earn-Out Shares
    hereunder to the holders of Restricted Shares&#160;Awards, the
    failure to register such awards in accordance with PRC Legal
    Requirements or any claims of such holders relating to the
    transfer or exchange of their Restricted Shares&#160;Awards
    hereunder; or (vi)&#160;the failure of any SM Entity to pay its
    registered capital in full to the appropriate Governmental
    Authority pursuant to applicable Legal Requirements. From and
    after the Closing, Linden Ventures shall, subject to the terms
    hereof, severally indemnify, defend and hold harmless the
    Ideation Indemnified Parties from and against any Damages
    arising from any breach by Linden Ventures of its
    representations or warranties, covenants or obligations in this
    Agreement. Notwithstanding the foregoing, however, the
    representations, warranties, covenants and obligations contained
    in this Agreement that relate specifically and solely to a
    particular SM Shareholder or to Linden Ventures and are made by
    such Persons hereunder are the obligations of that particular
    Person only and the other SM Shareholders and Linden Ventures,
    as the case may be, shall not be responsible therefor.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (b)&#160;The amount of any and all Damages suffered by the
    Ideation Indemnified Parties shall be paid in cash, or, at the
    option of the SM Shareholders/Linden Ventures, may be recovered
    by delivery of a specified number of ID Cayman Shares owned by
    the SM Shareholders/Linden Ventures (the <B><I>&#147;Returned
    Shares&#148;</I></B>) for repurchase by ID Cayman on terms set
    forth in this Section&#160;14.2(b), provided that such transfer
    of shares is in compliance with all applicable Legal
    Requirements. If an Ideation Indemnified Party suffers Damages
    and Damages are paid by the SM Shareholders/Linden Ventures
    through the delivery of Returned Shares in lieu of a cash
    payment, then such Returned Shares shall be cancelled. If any SM
    Shareholders/Linden Ventures elect to deliver Returned Shares
    instead of cash hereunder, the number of Returned Shares to be
    returned by such
</DIV>

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<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    SM Shareholder/Linden Ventures shall be equal to the aggregate
    amount of the indemnifiable Damages agreed to be paid by such SM
    Shareholder/Linden Ventures in Returned Shares, divided by
    US$7.8815.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (c)&#160;Pursuant to the provisions of this Article&#160;XIV,
    from and after the Closing, if any claim for indemnification is
    to be brought against any SM Shareholders/Linden Ventures by an
    Ideation Indemnified Party, such claim (and whether or not to
    bring such claim) shall be determined and approved by a
    committee of directors comprised of (i)&#160;all Independent
    Directors and (ii)&#160;the non-independent director nominated
    by the Ideation Representative each as elected pursuant to
    Section&#160;12.4 (the <B><I>&#147;Independent
    Committee&#148;</I></B>). Any settlement on behalf of ID Cayman
    of any claim described in the immediately preceding sentence
    shall be determined and approved by the Independent Committee;
    it being understood that the consent of the SM
    Shareholders&#146; Representatives (in accordance with
    Section&#160;16.5) on behalf of the SM Shareholders shall also
    be required to enter into any settlement with respect to such
    claim (unless the claim also involves Linden Ventures, in which
    case the consent of Linden Ventures shall be required). Any
    determination or approval of the Independent Committee made
    pursuant to the provisions of this Section&#160;14.2(c) shall be
    by majority vote.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <FONT style="font-variant: SMALL-CAPS">Section</FONT>&#160;14.3&#160;&#160;<I>Indemnification
    by Ideation</I>.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (a)&#160;From and after the Closing, the Ideation Parties shall,
    subject to the terms hereof including without limitation
    Section&#160;10.8 hereof, indemnify, defend and hold harmless
    each of the SM Shareholders, the Non-signing SM Shareholder and
    Linden Ventures (collectively, the <B><I>&#147;SM Indemnified
    Parties&#148;</I></B>) from and against any Damages arising
    from: (i)&#160;any breach of any representation or warranty made
    by the Ideation Parties in Article&#160;VIII hereof or in any
    certificate delivered by the Ideation Parties pursuant to this
    Agreement; or (ii)&#160;any breach by any Ideation Party of its
    covenants or obligations in this Agreement.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (b)&#160;From and after the Closing, the amount of any and all
    Damages suffered by the SM Indemnified Parties shall be paid in
    newly issued ID Cayman Shares. The number of ID Cayman Shares to
    be issued to the SM Indemnified Parties shall be equal to the
    aggregate amount of the indemnifiable Damages agreed to be paid
    by the Ideation Parties, divided by US$7.8815.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (c)&#160;From and after the Closing, any settlement of any claim
    for indemnification against the Ideation Parties on behalf of or
    by right of an SM Shareholder shall be determined and approved
    by the SM Shareholders&#146; Representatives and the Independent
    Committee. Except for claims for indemnification by Linden
    Ventures, all claims for indemnification of an SM Indemnified
    Party pursuant to this Section&#160;14.3 shall be made on behalf
    of such SM Indemnified Party by the SM Shareholders&#146;
    Representatives in accordance with Section&#160;16.5.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <FONT style="font-variant: SMALL-CAPS">Section</FONT>&#160;14.4&#160;&#160;<I>Limitations
    on Indemnity</I>.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (a)&#160;Notwithstanding any other provision in this Agreement
    to the contrary, the Ideation Indemnified Parties shall not be
    entitled to indemnification pursuant to Section&#160;14.2(a)
    (i)&#160;or (iii)&#160;or the second to last sentence of
    Section&#160;14.2(a), unless and until the aggregate amount of
    Damages to the Ideation Indemnified Parties with respect to such
    matters under such sections exceeds US$750,000 (the
    <B><I>&#147;Basket&#148;</I></B>), and then only to the extent
    all such Damages exceed the Basket; <I>provided </I>that the
    aggregate amount of Damages payable by the SM Indemnified
    Parties to the Ideation Indemnified Parties pursuant to claims
    for indemnification under Section&#160;14.2(a)(i),
    (iii)&#160;and the second to last sentence of
    Section&#160;14.2(a) shall not exceed US$7,500,000 (the
    <B><I>&#147;Cap&#148;</I></B>); and <I>provided further </I>that
    the Basket and Cap shall not limit Damages that arise from or
    otherwise relate to the breach of any of the Basic
    Representations made by any of the SM Parties or Linden Ventures
    or fraud.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (b)&#160;Notwithstanding any other provision in this Agreement
    to the contrary, the SM Shareholders/Linden Ventures shall not
    be liable to, or indemnify, the Ideation Indemnified Parties for
    any Damages (i)&#160;that are punitive, special, consequential,
    incidental, exemplary or otherwise not actual damages or
    (ii)&#160;that are in the nature of lost profits or any
    diminution in value of property or equity. The Ideation
    Indemnified Parties shall not use &#147;multiple of
    profits&#148; or &#147;multiple of cash flow&#148; or any
    similar valuation methodology in calculating the amount of any
    Damages. This Article&#160;XIV constitutes the Ideation
    Indemnified Parties&#146; sole and exclusive remedy for any and
    all post-Closing Damages or other claims relating to or arising
    from this Agreement and the transactions contemplated hereby
    (other than pursuant to Section&#160;10.9(c)).
</DIV>

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    <BR>
    A-1-46
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<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (c)&#160;Notwithstanding any other provision in this Agreement
    to the contrary, no SM Indemnified Party shall be entitled to
    indemnification pursuant to Section&#160;14.3(a)(i), unless and
    until the aggregate amount of Damages to the SM Indemnified
    Parties with respect to such matters under such section exceeds
    the Basket, and then only to the extent all such Damages exceed
    the Basket; <I>provided </I>that the aggregate amount of Damages
    payable by the Ideation Parties to the SM Indemnified Parties
    pursuant to Section&#160;14.3(a)(i) shall not exceed the Cap;
    and <I>provided further </I>that the Basket and Cap shall not
    limit Damages that arise from&#160;or otherwise relate to the
    breach of any of the Basic Representations made by the Ideation
    Parties or fraud.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (d)&#160;Notwithstanding any other provision in this Agreement
    to the contrary, the Ideation Parties shall not be liable to, or
    indemnify, the SM Indemnified Parties for any Damages
    (i)&#160;that are punitive, special, consequential, incidental,
    exemplary or otherwise not actual damages or (ii)&#160;that are
    in the nature of lost profits or any diminution in value of
    property or equity. The SM Indemnified Parties shall not use
    &#147;multiple of profits&#148; or &#147;multiple of cash
    flow&#148; or any similar valuation methodology in calculating
    the amount of any Damages. This Article&#160;XIV constitutes the
    SM Indemnified Parties&#146; sole and exclusive remedy for any
    and all post-Closing Damages or other claims relating to or
    arising from this Agreement and the transactions contemplated
    hereby.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <FONT style="font-variant: SMALL-CAPS">Section&#160;</FONT>14.5&#160;&#160;<I>Defense
    of Third Party Claims.</I>&#160;&#160;If the Independent
    Committee determines to make a claim for indemnification under
    Section&#160;14.2 or the SM Shareholders&#146; Representatives
    (on behalf of any SM Shareholder (including the Non-signing SM
    Shareholder)) or Linden Ventures make a claim for
    indemnification under Section&#160;14.3 (each, as applicable, an
    <B><I>&#147;Indemnitee&#148;</I></B>), such Indemnitee shall
    notify the indemnifying party (an
    <B><I>&#147;Indemnitor&#148;</I></B>) of the claim in writing
    promptly after receiving notice of any action, lawsuit,
    proceeding, investigation, demand or other claim against the
    Indemnitee (if by a third party), describing the claim, the
    amount thereof (if known and quantifiable) and the basis thereof
    in reasonable detail (such written notice, an
    <B><I>&#147;Indemnification Notice&#148;</I></B>); <I>provided
    </I>that except as otherwise set forth in this Article&#160;XIV,
    the failure to so notify an Indemnitor shall not relieve the
    Indemnitor of its obligations hereunder unless the Indemnitor
    was prejudiced thereby, and then only to the extent of such
    prejudice. Any Indemnitor shall be entitled to participate in
    the defense of such action, lawsuit, proceeding, investigation
    or other claim giving rise to an Indemnitee&#146;s claim for
    indemnification at such Indemnitor&#146;s expense, and at its
    option shall be entitled to assume the defense thereof by
    appointing a reputable counsel reasonably acceptable to the
    Indemnitee to be the lead counsel in connection with such
    defense; <I>provided</I>, that the Indemnitee shall be entitled
    to participate in the defense of such claim and to employ
    counsel of its choice for such purpose; <I>provided,
    however</I>, that the fees and expenses of such separate counsel
    shall be borne by the Indemnitee and shall not be recoverable
    from such Indemnitor under this Article&#160;XIV. If the
    Indemnitor shall control the defense of any such claim, the
    Indemnitor shall be entitled to settle such claims;
    <I>provided</I>, that the Indemnitor shall obtain the prior
    written consent of the Indemnitee (which consent shall not be
    unreasonably withheld, conditioned or delayed) before entering
    into any settlement of a claim or ceasing to defend such claim
    if, pursuant to or as a result of such settlement or cessation,
    injunctive or other equitable relief will be imposed against the
    Indemnitee or if such settlement does not expressly and
    unconditionally release the Indemnitee from all liabilities and
    obligations with respect to such claim. If the Indemnitor
    assumes such defense, the Indemnitor shall not be liable for any
    amount required to be paid that exceeds, where the Indemnitee
    has unreasonably withheld or delayed consent in connection with
    the proposed compromise or settlement of a third party claim,
    the amount for which that third party claim could have been
    settled pursuant to that proposed compromise or settlement. In
    all cases, the Indemnitee shall provide its reasonable
    cooperation with the Indemnitor in defense of claims or
    litigation, including by making employees, information and
    documentation reasonably available. If the Indemnitor shall not
    assume the defense of any such action, lawsuit, proceeding,
    investigation or other claim, the Indemnitee may defend against
    such matter as it deems appropriate; provided that the
    Indemnitee may not settle any such matter without the written
    consent of the Indemnitor (which consent shall not be
    unreasonably withheld, conditioned or delayed) if the Indemnitee
    is seeking or will seek indemnification hereunder with respect
    to such matter.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <FONT style="font-variant: SMALL-CAPS">Section</FONT>&#160;14.6&#160;&#160;<I>Tax
    Benefits; Reserves; Insurance</I>.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    The amount of Damages subject to indemnification under
    Section&#160;14.2 or Section&#160;14.3 shall be calculated net
    of (i)&#160;any net Tax Benefit actually utilized by the
    Indemnitee on account of such Damages, (ii)&#160;any
</DIV>

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    <BR>
    A-1-47
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<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    reserves set forth in any of the SM Financial Statements
    relating to such Damages and (iii)&#160;any insurance proceeds
    or other amounts under indemnification agreements received or
    receivable by the Indemnitee on account of such Damages. If the
    Indemnitee receives a net Tax Benefit on account of such Damages
    after an indemnification payment is made to it, the Indemnitee
    shall promptly pay to the Person or Persons that made such
    indemnification payment the amount of such Tax Benefit at such
    time or times as and to the extent that such Tax Benefit is
    actually utilized by the Indemnitee. For purposes hereof,
    <B><I>&#147;Tax Benefit&#148;</I></B> shall mean any refund of
    Taxes to be paid by the Indemnitee or reduction in the amount of
    Taxes which otherwise would be paid by the Indemnitee, in each
    case computed at the highest marginal tax rates applicable to
    the recipient of such benefit. To the extent Damages are
    recoverable by insurance, the Indemnitees shall take all
    commercially reasonable efforts to obtain maximum recovery from
    such insurance. In the event that an insurance or other recovery
    is made by any Indemnitee with respect to Damages for which any
    such Person has been indemnified hereunder, then a refund equal
    to the aggregate amount of the recovery shall be made promptly
    to the Person or Persons that provided such indemnity payments
    to such Indemnitee. The Indemnitors shall be subrogated to all
    rights of the Indemnitees in respect of Damages indemnified by
    the Indemnitors. The Indemnitees shall take all commercially
    reasonable efforts to mitigate all Damages upon and after
    becoming aware of any event which could reasonably be expected
    to give rise to Damages. For Tax purposes, the Parties agree to
    treat all payments made under this Article&#160;XIV as
    adjustments to the consideration received for the SM Shares and
    the SM Warrants.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <FONT style="font-variant: SMALL-CAPS">Section&#160;</FONT>14.7&#160;&#160;<I>Limitation
    on Recourse; No Third Party Beneficiaries.</I>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (a)&#160;No claim shall be brought or maintained by any Party or
    its respective successors or permitted assigns against any
    officer, director, partner, member, agent, representative,
    Affiliate, equity holder, successor or permitted assign of any
    Party which is not otherwise expressly identified as a Party,
    and no recourse shall be brought or granted against any of them,
    by virtue of or based upon any alleged misrepresentation or
    inaccuracy in or breach of any of the representations,
    warranties, covenants or obligations of any Party set forth or
    contained in this Agreement or any exhibit or schedule hereto or
    any certificate delivered hereunder.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (b)&#160;The provisions of this Article&#160;XIV are for the
    sole benefit of the Parties and nothing in this
    Article&#160;XIV, express or implied, is intended to or shall
    confer upon any other Person any legal or equitable right,
    benefit or remedy of any nature whatsoever under or by reason of
    this Article&#160;XIV (it being understood that only the
    Independent Committee, the SM Shareholders&#146; Representatives
    and Linden Ventures and not ID Cayman, any SM Shareholder or any
    other Person acting on any such Person&#146;s behalf or any
    other Person may exercise any indemnity rights under
    Section&#160;14.2, Section&#160;14.3 or any other provision of
    Article&#160;XIV).
</DIV>

<DIV style="margin-top: 18pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <FONT style="font-family: 'Times New Roman', Times">ARTICLE&#160;XV<BR>
    </FONT>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <FONT style="font-family: 'Times New Roman', Times">Termination
    </FONT>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <FONT style="font-variant: SMALL-CAPS">Section&#160;</FONT>15.1&#160;&#160;<I>Methods
    of Termination.</I>&#160;&#160;Unless waived by the Parties
    hereto in writing, the Transactions may be terminated
    <FONT style="white-space: nowrap">and/or</FONT>
    abandoned at any time but not later than the Closing:
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (a)&#160;by mutual written consent of SM Cayman and Ideation;
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (b)&#160;by either Ideation or the SM Shareholders&#146;
    Representatives (in accordance with Section&#160;16.5), if the
    Closing has not occurred by the later of
    (i)&#160;September&#160;30, 2009 or (ii)&#160;such other date
    that has been agreed in writing by the SM Shareholders&#146;
    Representatives and Ideation (the <B><I>&#147;End
    Date&#148;</I></B>); <I>provided, however</I>, that the right to
    terminate this Agreement under this Section&#160;15.1(b) shall
    not be available to any Party whose failure to comply with any
    provision of this Agreement has been the cause of, or resulted
    in, the failure of the Closing Date to occur on or before such
    date.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (c)&#160;by the SM Shareholders&#146; Representatives (in
    accordance with Section&#160;16.5), if there has been a breach
    by the Ideation Parties of any representation, warranty,
    covenant or agreement contained in this Agreement which has
    prevented the satisfaction of the conditions to the obligations
    of the SM Parties at the Closing under Section&#160;13.1(a)
    (which shall be deemed to have occurred in the event of a
    material breach of Section&#160;12.10 or of Section&#160;12.11
    hereof) and such violation or breach has not been waived by
</DIV>

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    <BR>
    A-1-48
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<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    the SM Shareholders&#146; Representatives or cured by the
    Ideation Parties within thirty (30)&#160;days after written
    notice thereof from the SM Shareholders&#146; Representatives;
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (d)&#160;by Ideation, if there has been a breach by the SM
    Parties of any representation, warranty, covenant or agreement
    contained in this Agreement which has prevented the satisfaction
    of the conditions to the obligations of the Ideation Parties at
    the Closing under Section&#160;13.2(a) and such violation or
    breach has not been waived by Ideation or cured by the SM
    Parties within thirty (30)&#160;days after written notice
    thereof from the Ideation Parties;
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (e)&#160;by the SM Shareholders&#146; Representatives (in
    accordance with Section&#160;16.5) or Ideation, if the Ideation
    Board (or any committee thereof) shall have failed to recommend
    or shall have withdrawn or modified in a manner adverse to the
    SM Parties its approval or recommendation of this Agreement and
    the Transactions;
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (f)&#160;by either Ideation or the SM Shareholders&#146;
    Representatives (in accordance with Section&#160;16.5), if the
    Stockholder Approval is not obtained;&#160;or
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (g)&#160;by either Ideation or the SM Shareholders&#146;
    Representatives (in accordance with Section&#160;16.5), if a
    court of competent jurisdiction or other Governmental Authority
    shall have issued an order or injunction or taken any other
    action (which order, injunction or action the Parties shall use
    their use their commercially reasonable efforts to lift)
    permanently restraining, enjoining or otherwise prohibiting the
    Transactions or any of them and such order or action shall have
    become final and nonappealable.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <FONT style="font-variant: SMALL-CAPS">Section&#160;</FONT>15.2&#160;&#160;<I>Effect
    of Termination.</I>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (a)&#160;In the event of termination by either Ideation or the
    SM Shareholders&#146; Representatives, or both of them, pursuant
    to Section&#160;15.1 hereof, written notice thereof shall
    forthwith be given to the other Parties, and except as set forth
    in this Section&#160;15.2 and Section&#160;15.3, (i)&#160;all
    further obligations of the Parties shall terminate,
    (ii)&#160;each Party shall bear its own fees and expenses
    relating to the Transactions contemplated hereby, and
    (iii)&#160;none of the Parties shall have any liability in
    respect of such termination of this Agreement.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (b)&#160;If the Transactions contemplated by this Agreement are
    terminated
    <FONT style="white-space: nowrap">and/or</FONT>
    abandoned as provided herein:
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (i)&#160;each Party hereto will destroy all documents, work
    papers and other material (and all copies thereof) of the other
    Parties relating to the Transactions contemplated hereby,
    whether so obtained before or after the execution
    hereof;&#160;and
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (ii)&#160;all confidential information received by any Party
    hereto with respect to the business of the other Parties hereto
    shall be treated in accordance with Section&#160;12.2 hereof,
    which shall survive such termination. The following other
    provisions shall also survive termination of this Agreement:
    Section&#160;10.8 (Trust&#160;Account), this Article&#160;XV
    (Termination) and Article&#160;XVI (Miscellaneous).
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <FONT style="font-variant: SMALL-CAPS">Section&#160;</FONT>15.3&#160;&#160;<I>Reimbursement
    of Fees and Expenses; Termination Fee.</I>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (a)&#160;If the Agreement is properly terminated by the SM
    Shareholders&#146; Representatives pursuant to
    Section&#160;15.1(c) or Section&#160;15.1(e), then SM Cayman
    will be entitled to reimbursement from Ideation of its costs and
    expenses incurred in connection with the transactions
    contemplated by this Agreement, up to a maximum of US$3,000,000,
    immediately upon termination of this Agreement, subject to
    Section&#160;10.8 hereof; provided that in the event such
    termination pursuant to Section&#160;15.1(c) relates to a
    material, intentional breach of Section&#160;12.10 by the Frost
    Group, and Ideation executes a definitive agreement with respect
    to an Alternative Transaction within six (6)&#160;months
    following such termination, then SM Cayman will be entitled to
    reimbursement from the Frost Group of its costs and expenses
    incurred in connection with the transactions contemplated by
    this Agreement, up to a maximum of US$3,000,000, on the date of
    the execution of such definitive agreement, provided that any
    amount received from the Frost Group pursuant to this Section
    shall reduce the amount that may be claimed from Ideation
    pursuant to this Section on a
    <FONT style="white-space: nowrap">dollar-for-dollar</FONT>
    basis.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (b)&#160;If this Agreement is properly terminated pursuant to
    Section&#160;15.1(d), then Ideation will be entitled to
    reimbursement of its costs and expenses incurred in connection
    with the transactions contemplated by this Agreement, up to a
    maximum of US$3,000,000 immediately upon termination of this
    Agreement; provided
</DIV>

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    <BR>
    A-1-49
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<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    that in the event such termination pursuant to
    Section&#160;15.1(d) relates to an intentional breach by any SM
    Party, and any SM Entity executes a definitive agreement with
    respect to an Alternative Transaction within six (6)&#160;months
    following such termination, Ideation will be entitled to a
    termination fee equal to US$10,000,000 plus reimbursement of all
    of its costs and expenses incurred in connection with the
    transactions contemplated by this Agreement, payable on the date
    of the execution of such definitive agreement.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (c)&#160;In addition to the other rights set forth in this
    Section&#160;15.3, each of Ideation on the one hand and the SM
    Shareholders&#146; Representatives, on behalf of the SM Parties,
    on the other will have the right at any time to immediately seek
    injunctive relief, an award of specific performance or any other
    equitable relief against such other party in any court or other
    tribunal of competent jurisdiction in the United States, the
    Cayman Islands or Hong Kong, without the need to prove damages
    or post a bond. It is the desire and intent of the parties that
    the provisions of this Section&#160;15.3(c) be enforced to the
    fullest extent permissible under the Legal Requirements and
    public policies applied in the jurisdiction in which enforcement
    is sought.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (d)&#160;Except for the rights specified in Section&#160;15.2
    and this Section&#160;15.3, no Person shall have any rights to
    any other remedy or damages, whether at law or equity, in
    contract, in tort or otherwise upon the termination of this
    Agreement. Each of Ideation, the Frost Group and the SM Parties
    acknowledge that the covenants and agreements contained in this
    Article&#160;XV are an integral part of this Agreement. If
    Ideation, the Frost Group or the SM Parties fail to pay the
    amounts provided for in Section&#160;15.3 when due, Ideation,
    the Frost Group or the SM Parties, as the case may be, will
    reimburse the other party for all
    <FONT style="white-space: nowrap">out-of-pocket</FONT>
    expenses incurred by the other party (including expenses of
    counsel) in connection with the collection under and enforcement
    of this Article&#160;XV.
</DIV>

<DIV style="margin-top: 18pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <FONT style="font-family: 'Times New Roman', Times">ARTICLE&#160;XVI<BR>
    </FONT>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <FONT style="font-family: 'Times New Roman', Times">Miscellaneous
    </FONT>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <FONT style="font-variant: SMALL-CAPS">Section&#160;</FONT>16.1&#160;&#160;<I>Notices.</I>&#160;&#160;All
    notices, requests, waivers and other communications made
    pursuant to this Agreement will be in writing, at the addresses
    set forth on the signature pages hereto (or at such other
    address for a Party as shall be specified in writing to all
    other Parties), and will be conclusively deemed to have been
    duly given (i)&#160;when hand delivered to the recipient Party;
    (ii)&#160;upon receipt, when sent by facsimile with written
    confirmation of transmission; or (iii)&#160;the next business
    day after deposit with a national overnight delivery service,
    postage prepaid, with next business day delivery guaranteed.
    Each Person making a communication hereunder by facsimile will
    promptly confirm by telephone to the Person to whom such
    communication was addressed each communication made by it by
    facsimile pursuant hereto. In addition to delivery of notice to
    a Party, copies of such notice shall be provided as follows:
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    If to the Ideation Parties, a copy to:
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Akerman Senterfitt<BR>
    One SE Third Avenue, 25th Floor<BR>
    Miami, Florida 33131<BR>
    Attention: Teddy D. Klinghoffer,&#160;Esq.<BR>
    Facsimile:
    <FONT style="white-space: nowrap">(305)&#160;374-5095</FONT>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    If to the SM Parties, a copy to:
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Latham&#160;&#038; Watkins<BR>
    41/F One Exchange Square<BR>
    8 Connaught Place<BR>
    Central, Hong Kong<BR>
    Attention: David T. Zhang,&#160;Esq.<BR>
    Telephone: (852)&#160;2522 7886<BR>
    Facsimile: (852)&#160;2522 7006
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <FONT style="font-variant: SMALL-CAPS">Section&#160;</FONT>16.2&#160;&#160;<I>Amendments;
    Waivers; No Additional Consideration.</I>&#160;&#160;No
    provision of this Agreement may be waived or amended except in a
    written instrument signed by Ideation and a majority of the SM
</DIV>

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    <BR>
    A-1-50
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<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Shareholders&#146; Representatives. No waiver of any default
    with respect to any provision, condition or requirement of this
    Agreement shall be deemed to be a continuing waiver in the
    future or a waiver of any subsequent default or a waiver of any
    other provision, condition or requirement hereof, nor shall any
    delay or omission of any Party to exercise any right hereunder
    in any manner impair the exercise of any such right.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <FONT style="font-variant: SMALL-CAPS">Section</FONT>&#160;16.3&#160;&#160;<I>Withholding
    Rights.</I>&#160;&#160;The Ideation Parties shall be entitled to
    deduct and withhold from the number of shares of ID Cayman
    Securities otherwise deliverable under this Agreement, such
    amounts as the Ideation Parties reasonably determine are
    required to be deducted and withheld with respect to such
    delivery and payment under the Code or any provision of state,
    local, provincial or foreign Tax law; <I>provided</I>, that
    (a)&#160;before making any such deduction or withholding, the
    Ideation Parties shall give SM Cayman notice of the intention to
    make such deduction or withholding (such notice, which shall
    include the authority, basis and method of calculation for the
    proposed deduction or withholding, shall be given at least a
    reasonable period of time before such deduction or withholding
    is required, in order for the SM Entities to obtain reduction of
    or relief from such deduction or withholding); and (b)&#160;the
    Ideation shall cooperate with the SM Entities to the extent
    reasonable in efforts by the SM Entities to obtain reduction of
    or relief from such deduction or withholding. To the extent that
    any amounts are so withheld all appropriate evidence of such
    deduction and withholding, including any receipts or forms
    required in order for the person with respect to whom such
    deduction and withholding occurred to establish the deduction
    and withholding and payment to the appropriate authority as
    being for its account with the appropriate authorities shall be
    delivered to the Person with respect to whom such deduction and
    withholding has occurred, and such withheld amounts shall be
    treated for all purposes as having been delivered and paid to
    the Person otherwise entitled to the ID Cayman Securities in
    respect of which such deduction and withholding was made by the
    Ideation Parties.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <FONT style="font-variant: SMALL-CAPS">Section&#160;</FONT>16.4&#160;&#160;<I>Estimates,
    Projections and Forecasts.</I>&#160;&#160;Ideation acknowledges
    and agrees that (a)&#160;none of the SM Parties, SM Shareholders
    or Linden Ventures is making or has made any representations or
    warranties whatsoever with respect to any estimates, projections
    or other forecasts and plans (including the reasonableness of
    the assumptions underlying such estimates, projections or
    forecasts) regarding the Group Companies, their business, the
    Chinese media market (including without limitation the
    in-elevator and outdoor billboard advertising markets) or any
    other matters, (b)&#160;that there are uncertainties inherent in
    attempting to make any estimates, projections or other forecasts
    and plans, that Ideation is familiar with such uncertainties,
    that Ideation is taking full responsibility for making its own
    evaluation of the adequacy and accuracy of all estimates,
    projections and other forecasts and plans (including the
    reasonableness of the assumptions underlying such estimates,
    projections and forecasts), and (c)&#160;that Ideation has no
    claim against the SM Parties, Linden Ventures or anyone else
    with respect thereto.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <FONT style="font-variant: SMALL-CAPS">Section</FONT>&#160;16.5&#160;&#160;<I>SM
    Shareholders&#146; Representatives</I>.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (a)&#160;Subject to the provisions of this Section&#160;16.5,
    each of the SM Shareholders (including, for purposes of this
    Section&#160;16.5, the Non-signing SM Shareholder) irrevocably
    constitutes and appoints each of (i)&#160;Earl Yen (the
    <B><I>&#147;CSV Representative&#148;</I></B>), (ii)&#160;any two
    authorised signatories of Deutsche Bank AG, Hong Kong Branch
    from time to time (who shall be deemed together to be a single
    SM Shareholders&#146; Representative) (the <B><I>&#147;DB
    Representative&#148;</I></B>) and (iii)&#160;Qinying Liu (the
    <B><I>&#147;Management Shareholder Representative&#148;</I></B>
    and, together with the CSV Representative and the DB
    Representative, the <B><I>&#147;SM Shareholders&#146;
    Representatives&#148;</I></B>) as such SM Shareholder&#146;s
    true and lawful attorney-in-fact and agent and authorizes him or
    her to act for such SM Shareholder and in such SM
    Shareholder&#146;s name, place and stead, in any and all
    capacities to do and perform every act and thing required or
    permitted to be done in connection with the transactions
    contemplated by this Agreement and the other Transaction
    Documents contemplated hereby, as fully to all intents and
    purposes as such SM Shareholder might or could do in person
    (provided that such SM Shareholders&#146; Representative is at
    all times acting in accordance with the provisions of this
    Section&#160;16.5). Each of the SM Shareholders grants unto each
    said attorney in-fact and agent full power and authority to do
    and perform each and every act and thing necessary or desirable
    to be done in connection with the transactions contemplated by
    the Transaction Documents, as fully to all intents and purposes
    as the undersigned might or could do in person, hereby ratifying
    and confirming all that the SM Shareholders&#146; Representative
    may lawfully do or cause to be done by virtue hereof (provided
    that such SM Shareholders&#146; Representative is at all times
    acting in accordance with the provisions of this
    Section&#160;16.5). Each of the SM Shareholders acknowledges and
    agrees that upon execution of
</DIV>

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    <BR>
    A-1-51
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<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    this Agreement, upon any delivery by the SM Shareholders&#146;
    Representatives of any waiver, amendment, agreement, opinion,
    certificate or other document executed by the SM
    Shareholders&#146; Representatives in accordance with this
    Section&#160;16.5, such SM Shareholder shall be bound by such
    documents as fully as if such SM Shareholder had executed and
    delivered such documents. Subject to the provisions of this
    Section&#160;16.5, Linden Ventures irrevocably constitutes and
    appoints each of the SM Shareholders&#146; Representatives as
    Linden Ventures&#146; true and lawful attorney-in-fact and agent
    and authorizes him or her to act for Linden Ventures and in
    Linden Ventures&#146; name, place and stead, in any and all
    capacities to do and perform every act and thing required or
    permitted to be done, solely in connection with a dispute over
    the FY2009 Adjusted Net Income calculation or any entitlement to
    the Unearned Portion, as fully to all intents and purposes as
    Linden Ventures might or could do in person (provided that such
    SM Shareholders&#146; Representatives are at all times acting in
    accordance with the provisions of this Section&#160;16.5).
    Linden Ventures grants unto each said attorney in-fact and agent
    full power and authority to do and perform each and every act
    and thing necessary or desirable to be done, solely in
    connection with a dispute over the FY2009 Adjusted Net Income
    calculation or any entitlement to the Unearned Portion, as fully
    to all intents and purposes as the undersigned might or could do
    in person, hereby ratifying and confirming all that the SM
    Shareholders&#146; Representatives may lawfully do or cause to
    be done by virtue hereof (provided that such SM
    Shareholders&#146; Representatives are at all times acting in
    accordance with the provisions of this Section&#160;16.5).
    Linden Ventures acknowledges and agrees that upon execution of
    this Agreement, upon any delivery by the SM Shareholders&#146;
    Representatives of any agreement or other document executed by
    the SM Shareholders&#146; Representatives (solely in connection
    with a dispute over the FY2009 Adjusted Net Income calculation
    or any entitlement to the Unearned Portion) in accordance with
    this Section&#160;16.5, Linden Ventures shall be bound by such
    documents as fully as if Linden Ventures had executed and
    delivered such documents. In acting on behalf of Linden Ventures
    pursuant to this Section, the Shareholders&#146; Representatives
    shall not take action that disproportionately and adversely
    affects Linden Ventures as compared to the SM Shareholders and
    SM Warrantholders taken as a group.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (b)&#160;Except as provided in this Section&#160;16.5(b), any
    action to be taken by the SM Shareholders&#146; Representatives
    in connection with this Agreement may be validly taken by a
    majority in number of the SM Shareholders&#146; Representatives.
    The following shall require the unanimous approval of the SM
    Shareholders&#146; Representatives: (x)&#160;a termination of
    this Agreement to be effected by the SM Shareholders&#146;
    Representatives pursuant to Section&#160;15.1, (y)&#160;any
    action to be taken by the SM Shareholders&#146; Representatives
    in connection with the indemnification provisions set forth in
    Article&#160;XIV and (z)&#160;any action to be taken by the SM
    Shareholders&#146; Representatives pursuant to
    Section&#160;5.2(b)(iv) in connection with a dispute over the
    FY2009 Adjusted Net Income calculation or any entitlement to the
    Unearned Portion.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (c)&#160;Upon the death, disability or incapacity of any of the
    initial SM Shareholders&#146; Representatives appointed pursuant
    to Section&#160;16.5(a) above, each of the SM Shareholders and
    Linden Ventures acknowledges and agrees that the Person that
    appointed such SM Shareholders&#146; Representative (including
    such Person&#146;s successors and assigns) shall appoint a
    replacement reasonably believed by such Person as capable of
    carrying out the duties and performing the obligations of the SM
    Shareholder Representative hereunder within thirty
    (30)&#160;days of such death, disability or incapacity.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (d)&#160;Each of the SM Shareholders&#146; Representatives
    (including, in the case of DB, two authorized signatories of
    Deutsche Bank AG, Hong Kong Branch) hereby accepts the
    appointment set forth in this Section&#160;16.5.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <FONT style="font-variant: SMALL-CAPS">Section&#160;</FONT>16.6&#160;&#160;<I>Interpretation.</I>&#160;&#160;Unless
    the express context otherwise requires:
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (a)&#160;The headings contained in this Agreement are intended
    solely for convenience and shall not affect the rights of the
    parties to this Agreement;
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (b)&#160;the words &#147;hereof,&#148; &#147;herein,&#148; and
    &#147;hereunder&#148; and words of similar import, when used in
    this Agreement, shall refer to this Agreement as a whole and not
    to any particular provision of this Agreement;
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (c)&#160;terms defined in the singular shall have a comparable
    meaning when used in the plural, and vice versa;
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (d)&#160;the terms &#147;Dollars&#148; and &#147;$&#148; mean
    United States Dollars;
</DIV>

<P align="center" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <BR>
    A-1-52
</DIV><!-- END PAGE WIDTH -->
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<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>

<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (e)&#160;references herein to a specific Section, Subsection,
    Background, Preamble, Schedule, Annex or Exhibit shall refer,
    respectively, to Sections, Subsections, the Background, the
    Preamble, Schedules, Annexes or Exhibits of this Agreement;
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (f)&#160;wherever the word &#147;include,&#148;
    &#147;includes,&#148; or &#147;including&#148; is used in this
    Agreement, it shall be deemed to be followed by the words
    &#147;without limitation&#148;;
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (g)&#160;references herein to any gender shall include each
    other gender;
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (h)&#160;references herein to any Person shall include such
    Person&#146;s heirs, executors, personal representatives,
    administrators, successors and assigns; <I>provided,
    however</I>, that nothing contained in this clause&#160;(h) is
    intended to authorize any assignment or transfer not otherwise
    permitted by this Agreement;
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (i)&#160;references herein to a Person in a particular capacity
    or capacities shall exclude such Person in any other capacity;
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (j)&#160;references herein to any contract or agreement
    (including this Agreement) mean such contract or agreement as
    amended, supplemented or modified from time to time in
    accordance with the terms thereof;
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (k)&#160;references herein to any Legal Requirement or any
    license mean such Legal Requirement or license as amended,
    modified, codified, reenacted, supplemented or superseded in
    whole or in part, and in effect from time to time;&#160;and
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (l)&#160;references herein to any Legal Requirement shall be
    deemed also to refer to all rules and regulations promulgated
    thereunder.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <FONT style="font-variant: SMALL-CAPS">Section&#160;</FONT>16.7&#160;&#160;<I>Severability.</I>&#160;&#160;If
    any term or other provision of this Agreement is invalid,
    illegal or incapable of being enforced by any Legal Requirement
    or public policy, all other conditions and provisions of this
    Agreement shall nevertheless remain in full force and effect so
    long as the economic or legal substance of the Transactions is
    not affected in any manner materially adverse to any Party. Upon
    such determination that any term or other provision is invalid,
    illegal or incapable of being enforced, the Parties shall
    negotiate in good faith to modify this Agreement so as to effect
    the original intent of the Parties as closely as possible in an
    acceptable manner to the end that Transactions are fulfilled to
    the extent possible.
</DIV>

<DIV style="margin-top: 4pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <FONT style="font-variant: SMALL-CAPS">Section&#160;</FONT>16.8&#160;&#160;<I>Counterparts;
    Facsimile Execution.</I>&#160;&#160;This Agreement may be
    executed in one or more counterparts, all of which shall be
    considered one and the same agreement and shall become effective
    when one or more counterparts have been signed by each of the
    Parties and delivered to the other Parties. Facsimile execution
    and delivery of this Agreement is legal, valid and binding for
    all purposes.
</DIV>

<DIV style="margin-top: 4pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <FONT style="font-variant: SMALL-CAPS">Section&#160;</FONT>16.9&#160;&#160;<I>Entire
    Agreement; Third-Party Beneficiaries.</I>&#160;&#160;This
    Agreement, taken together with all Exhibits, Annexes and
    Schedules hereto (a)&#160;constitute the entire agreement, and
    supersede all prior agreements and understandings, both written
    and oral, among the Parties with respect to the Transactions and
    (b)&#160;except as otherwise provided herein, are not intended
    to confer upon any Person other than the Parties any rights or
    remedies.
</DIV>

<DIV style="margin-top: 4pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <FONT style="font-variant: SMALL-CAPS">Section&#160;</FONT>16.10&#160;&#160;<I>Governing
    Law.</I>&#160;&#160;This Agreement shall be governed by, and
    construed in accordance with, the laws of the State of New York
    regardless of the laws that might otherwise govern under
    applicable principles of conflicts of laws thereof.
</DIV>

<DIV style="margin-top: 4pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <FONT style="font-variant: SMALL-CAPS">Section&#160;</FONT>16.11&#160;&#160;<I>Dispute
    Resolution.</I>&#160;&#160;Any controversy or claim arising out
    of or relating to this contract, or the breach thereof, shall be
    determined by arbitration administered by the International
    Centre for Dispute Resolution in accordance with its
    International Arbitration Rules. The number of arbitrators shall
    be three. The place of arbitration shall be New York City, New
    York, United States of America. The language of the arbitration
    shall be English.
</DIV>

<DIV style="margin-top: 4pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <FONT style="font-variant: SMALL-CAPS">Section&#160;</FONT>16.12&#160;&#160;<I>Assignment.</I>&#160;&#160;Neither
    this Agreement nor any of the rights, interests or obligations
    under this Agreement shall be assigned, in whole or in part, by
    operation of law or otherwise by any of the Parties without the
    prior written consent of the other Parties. Any purported
    assignment without such consent shall be void. Subject to the
    preceding sentences, this Agreement will be binding upon, inure
    to the benefit of, and be enforceable by, the Parties and their
    respective successors and assigns. Without limiting the
    generality of the
</DIV>

<P align="center" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <BR>
    A-1-53
</DIV><!-- END PAGE WIDTH -->
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<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    foregoing, any covenants of Ideation hereunder that are to be
    performed by Ideation following the effective date of the
    Conversion are covenants that will be performed by ID Cayman as
    the successor to Ideation.
</DIV>

<DIV style="margin-top: 4pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <FONT style="font-variant: SMALL-CAPS">Section&#160;</FONT>16.13&#160;&#160;<I>Governing
    Language.</I>&#160;&#160;This Agreement shall be governed and
    interpreted in accordance with the English language.
</DIV>

<DIV style="margin-top: 4pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <FONT style="font-variant: SMALL-CAPS">Section</FONT>&#160;16.14&#160;&#160;<I>Liability
    Not Affected by Knowledge or Waiver.</I>&#160;&#160;The right to
    recovery of losses or other remedy based upon breach of
    representations, warranties, or covenants will not be affected
    by any investigation conducted with respect to, or knowledge
    acquired (or capable of being acquired) at any time, whether
    before or after the execution and delivery of this Agreement,
    with respect to the accuracy or inaccuracy of or compliance with
    any such representation, warranty, or covenant.
</DIV>

<DIV style="margin-top: 4pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <FONT style="font-variant: SMALL-CAPS">Section</FONT>&#160;16.15&#160;&#160;<I>Exhibits
    and Schedul</I>es.
</DIV>

<DIV style="margin-top: 4pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (a)&#160;Any matter, information or item disclosed in this
    Agreement or the Disclosure Schedules delivered by a Party or in
    any of the Annexes, Schedules or Exhibits attached hereto, under
    any specific representation, warranty, covenant or Schedule
    heading number, shall be deemed to have been disclosed for all
    purposes of this Agreement in response to every representation,
    warranty or covenant in this Agreement in respect of which such
    disclosure is reasonably apparent on its face. The inclusion of
    any matter, information or item in any Schedule to this
    Agreement shall not be deemed to constitute an admission of any
    liability to any third party or otherwise imply, that any such
    matter, information or item is material or creates a measure for
    materiality for the purposes of this Agreement or otherwise.
</DIV>

<DIV style="margin-top: 4pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (b)&#160;The parties hereto intend that each representation,
    warranty and covenant contained herein will have independent
    significance. If any party hereto has breached any
    representation, warranty, or covenant contained herein in any
    respect, the fact that there exists another representation,
    warranty, or covenant relating to the same subject matter
    (regardless of the relative levels of specificity) which the
    party has not breached will not detract from or mitigate the
    fact that the party is in breach of the first representation,
    warranty or covenant.
</DIV>

<DIV style="margin-top: 4pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (c)&#160;The Annexes, Schedules and Exhibits hereto are hereby
    incorporated into this Agreement and are hereby made a part
    hereof as if set out in full in this Agreement.
</DIV>

<DIV style="margin-top: 4pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <I>[Signatures begin next page]</I>
</DIV>

<P align="center" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <BR>
    A-1-54
</DIV><!-- END PAGE WIDTH -->
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<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>

<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    IN WITNESS WHEREOF, the Parties hereto have caused this
    Agreement to be duly executed by their respective authorized
    signatories as of the date first indicated above.
</DIV>

<DIV style="margin-top: 24pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 49%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <B>IDEATION ACQUISITION CORP.</B>
</DIV>

<DIV style="margin-top: 48pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="49%"></TD>
    <TD width="4%"></TD>
    <TD width="47%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    By:&#160;
</TD>
    <TD align="left">
    <DIV style="display:inline; text-align:left;">/s/&#160;&#160;Robert
    Fried</DIV>
</TD>
</TR>

</TABLE>

<DIV style="font-size: 2pt; margin-left: 53%; width: 100%;  align: left; border-bottom: 1pt solid #000000"></DIV><!-- callerid=999 iwidth=456 length=0 -->

<DIV align="left" style="margin-left: 53%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Name:&#160;&#160;&#160;&#160;&#160;Robert Fried
</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="53%"></TD>
    <TD width="8%"></TD>
    <TD width="39%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    Title:&#160;
</TD>
    <TD align="left">
    President
</TD>
</TR>

</TABLE>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="49%"></TD>
    <TD width="12%"></TD>
    <TD width="39%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    Address:&#160;&#160;&#160;&#160;&#160;
</TD>
    <TD align="left">
    1990&#160;S.&#160;Bundy Drive, Suite&#160;620
</TD>
</TR>

</TABLE>

<DIV align="left" style="margin-left: 61%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Los Angeles, CA 90025
</DIV>

<DIV align="left" style="margin-left: 49%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <FONT style="white-space: nowrap">Facsimile:&#160;&#160;&#160;&#160;&#160;(310)&#160;861-5454</FONT>
</DIV>

<DIV style="margin-top: 24pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 49%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <B>ID ARIZONA CORP.</B>
</DIV>

<DIV style="margin-top: 48pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="49%"></TD>
    <TD width="4%"></TD>
    <TD width="47%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    By:&#160;
</TD>
    <TD align="left">
    <DIV style="display:inline; text-align:left;">/s/&#160;&#160;Robert
    Fried</DIV>
</TD>
</TR>

</TABLE>

<DIV style="font-size: 2pt; margin-left: 53%; width: 100%;  align: left; border-bottom: 1pt solid #000000"></DIV><!-- callerid=999 iwidth=456 length=0 -->

<DIV align="left" style="margin-left: 53%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Name:&#160;&#160;&#160;&#160;&#160;Robert Fried
</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="53%"></TD>
    <TD width="9%"></TD>
    <TD width="38%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    Title:&#160;&#160;&#160;&#160;&#160;
</TD>
    <TD align="left">
    President
</TD>
</TR>

</TABLE>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="49%"></TD>
    <TD width="12%"></TD>
    <TD width="39%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    Address:&#160;&#160;&#160;&#160;&#160;
</TD>
    <TD align="left">
    1990&#160;S.&#160;Bundy Drive, Suite&#160;620
</TD>
</TR>

</TABLE>

<DIV align="left" style="margin-left: 61%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Los Angeles, CA 90025
</DIV>

<DIV align="left" style="margin-left: 49%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <FONT style="white-space: nowrap">Facsimile:&#160;&#160;&#160;&#160;&#160;(310)&#160;861-5454</FONT>
</DIV>

<DIV style="margin-top: 24pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 49%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <B>THE FROST GROUP, LLC</B>
</DIV>

<DIV style="margin-top: 48pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="49%"></TD>
    <TD width="4%"></TD>
    <TD width="47%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    By:&#160;
</TD>
    <TD align="left">
    <DIV style="display:inline; text-align:left;">/s/&#160;&#160;Steven
    D. Rubin</DIV>
</TD>
</TR>

</TABLE>

<DIV style="font-size: 2pt; margin-left: 53%; width: 100%;  align: left; border-bottom: 1pt solid #000000"></DIV><!-- callerid=999 iwidth=456 length=0 -->

<DIV align="left" style="margin-left: 53%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Name:&#160;&#160;&#160;&#160;&#160;Steven D. Rubin
</DIV>

<DIV align="left" style="margin-left: 53%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Title:
</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="49%"></TD>
    <TD width="12%"></TD>
    <TD width="39%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    Address:&#160;&#160;&#160;&#160;&#160;
</TD>
    <TD align="left">
    4400 Biscayne Blvd., 15th Floor
</TD>
</TR>

</TABLE>

<DIV align="left" style="margin-left: 61%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Miami, FL 33137
</DIV>

<DIV align="left" style="margin-left: 49%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <FONT style="white-space: nowrap">Facsimile:&#160;&#160;&#160;&#160;&#160;(305)&#160;575-6444</FONT>
</DIV>

<DIV style="margin-top: 3pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <B><I>[REMAINDER OF PAGE INTENTIONALLY LEFT BLANK;</I></B>
</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <B><I>SIGNATURE PAGES FOR SM PARTIES FOLLOW]</I></B>
</DIV>

<P align="center" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <BR>
    A-1-55
</DIV><!-- END PAGE WIDTH -->
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<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>

<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    IN WITNESS WHEREOF, the Parties hereto have caused this
    Agreement to be duly executed by their respective authorized
    signatories as of the date first indicated above.
</DIV>

<DIV style="margin-top: 24pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 49%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <B>SEARCHMEDIA INTERNATIONAL LIMITED</B>
</DIV>

<DIV style="margin-top: 48pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="49%"></TD>
    <TD width="4%"></TD>
    <TD width="47%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    By:&#160;
</TD>
    <TD align="left">
    <DIV style="display:inline; text-align:left;">/s/&#160;&#160;Qinying
    Liu</DIV>
</TD>
</TR>

</TABLE>

<DIV style="font-size: 2pt; margin-left: 53%; width: 100%;  align: left; border-bottom: 1pt solid #000000"></DIV><!-- callerid=999 iwidth=456 length=0 -->

<DIV align="left" style="margin-left: 53%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Name:&#160;&#160;&#160;&#160;&#160;Qinying Liu
</DIV>

<DIV align="left" style="margin-left: 53%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Title:&#160;Director
</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="49%"></TD>
    <TD width="10%"></TD>
    <TD width="41%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    Address:&#160;&#160;&#160;&#160;&#160;
</TD>
    <TD align="left">
    Room&#160;4B, Yinglong Building
</TD>
</TR>

</TABLE>

<DIV align="left" style="margin-left: 59%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    No.&#160;1358 Yan An Road West
</DIV>

<DIV align="left" style="margin-left: 59%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Shanghai 200052, China
</DIV>

<DIV align="left" style="margin-left: 49%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Facsimile:&#160;&#160;&#160;&#160;&#160;+86
    <FONT style="white-space: nowrap">(21)&#160;6283-0552</FONT>
</DIV>

<DIV style="margin-top: 24pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 49%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <B>JIELI INVESTMENT MANAGEMENT CONSULTING (SHANGHAI) CO.,
    LTD.</B>
</DIV>

<DIV style="margin-top: 48pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="49%"></TD>
    <TD width="4%"></TD>
    <TD width="47%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    By:&#160;
</TD>
    <TD align="left">
    <DIV style="display:inline; text-align:left;">/s/&#160;&#160;Qinying
    Liu</DIV>
</TD>
</TR>

</TABLE>

<DIV style="font-size: 2pt; margin-left: 53%; width: 100%;  align: left; border-bottom: 1pt solid #000000"></DIV><!-- callerid=999 iwidth=456 length=0 -->

<DIV align="left" style="margin-left: 53%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Name:&#160;&#160;&#160;&#160;&#160;Qinying Liu
</DIV>

<DIV align="left" style="margin-left: 53%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Title:&#160;Legal Representative
</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="49%"></TD>
    <TD width="10%"></TD>
    <TD width="41%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    Address:&#160;&#160;&#160;&#160;&#160;
</TD>
    <TD align="left">
    Room&#160;4B, Yinglong Building
</TD>
</TR>

</TABLE>

<DIV align="left" style="margin-left: 59%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    No.&#160;1358 Yan An Road West
</DIV>

<DIV align="left" style="margin-left: 59%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Shanghai 200052, China
</DIV>

<DIV align="left" style="margin-left: 49%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Facsimile:&#160;&#160;&#160;&#160;&#160;+86
    <FONT style="white-space: nowrap">(21)&#160;6283-0552</FONT>
</DIV>

<DIV style="margin-top: 24pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 49%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <B>JIELI NETWORK TECHNOLOGY DEVELOPMENT (SHANGHAI) CO., LTD.</B>
</DIV>

<DIV style="margin-top: 48pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="49%"></TD>
    <TD width="4%"></TD>
    <TD width="47%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    By:&#160;
</TD>
    <TD align="left">
    <DIV style="display:inline; text-align:left;">/s/&#160;&#160;Qinying
    Liu</DIV>
</TD>
</TR>

</TABLE>

<DIV style="font-size: 2pt; margin-left: 53%; width: 100%;  align: left; border-bottom: 1pt solid #000000"></DIV><!-- callerid=999 iwidth=456 length=0 -->

<DIV align="left" style="margin-left: 53%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Name:&#160;&#160;&#160;&#160;&#160;Qinying Liu
</DIV>

<DIV align="left" style="margin-left: 53%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Title:&#160;Legal Representative
</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="49%"></TD>
    <TD width="10%"></TD>
    <TD width="41%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    Address:&#160;&#160;&#160;&#160;&#160;
</TD>
    <TD align="left">
    Room&#160;4B, Yinglong Building
</TD>
</TR>

</TABLE>

<DIV align="left" style="margin-left: 59%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    No.&#160;1358 Yan An Road West
</DIV>

<DIV align="left" style="margin-left: 59%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Shanghai 200052, China
</DIV>

<DIV align="left" style="margin-left: 49%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Facsimile:&#160;&#160;&#160;&#160;&#160;+86
    <FONT style="white-space: nowrap">(21)&#160;6283-0552</FONT>
</DIV>

<DIV style="margin-top: 3pt; font-size: 1pt">&nbsp;</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><I><FONT style="font-family: 'Times New Roman', Times">[REMAINDER
    OF PAGE INTENTIONALLY LEFT BLANK;<BR>
    SIGNATURE PAGE FOR THE SM ENTITIES CONTINUES ON NEXT
    PAGE]</FONT></I></B>
</DIV>

<P align="center" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <BR>
    A-1-56
</DIV><!-- END PAGE WIDTH -->
<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>

<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    IN WITNESS WHEREOF, the Parties hereto have caused this
    Agreement to be duly executed by their respective authorized
    signatories as of the date first indicated above.
</DIV>

<DIV style="margin-top: 24pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 49%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <B>AD-ICON COMPANY LIMITED</B>
</DIV>

<DIV style="margin-top: 48pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="49%"></TD>
    <TD width="4%"></TD>
    <TD width="47%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    By:&#160;
</TD>
    <TD align="left">
    <DIV style="display:inline; text-align:left;">/s/&#160;&#160;Jianhai
    Huang</DIV>
</TD>
</TR>

</TABLE>

<DIV style="font-size: 2pt; margin-left: 53%; width: 100%;  align: left; border-bottom: 1pt solid #000000"></DIV><!-- callerid=999 iwidth=456 length=0 -->

<DIV align="left" style="margin-left: 53%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Name:&#160;&#160;&#160;&#160;&#160;Jianhai Huang
</DIV>

<DIV align="left" style="margin-left: 53%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Title:&#160;Director
</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="49%"></TD>
    <TD width="10%"></TD>
    <TD width="41%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    Address:&#160;&#160;&#160;&#160;&#160;
</TD>
    <TD align="left">
    <FONT style="white-space: nowrap">c/o&#160;4B,</FONT>
    Yinglong Building
</TD>
</TR>

</TABLE>

<DIV align="left" style="margin-left: 59%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    No.&#160;1358 Yan An Road West,
</DIV>

<DIV align="left" style="margin-left: 59%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Shanghai 200052, China
</DIV>

<DIV align="left" style="margin-left: 49%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Facsimile:&#160;&#160;&#160;&#160;&#160;+86
    <FONT style="white-space: nowrap">(21)&#160;6283-0552</FONT>
</DIV>

<DIV style="margin-top: 24pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 49%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <B>GREAT TALENT HOLDINGS LIMITED</B>
</DIV>

<DIV style="margin-top: 48pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="49%"></TD>
    <TD width="4%"></TD>
    <TD width="47%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    By:&#160;
</TD>
    <TD align="left">
    <DIV style="display:inline; text-align:left;">/s/&#160;&#160;Qinying
    Liu</DIV>
</TD>
</TR>

</TABLE>

<DIV style="font-size: 2pt; margin-left: 53%; width: 100%;  align: left; border-bottom: 1pt solid #000000"></DIV><!-- callerid=999 iwidth=456 length=0 -->

<DIV align="left" style="margin-left: 53%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Name:&#160;&#160;&#160;&#160;&#160;Qinying Liu
</DIV>

<DIV align="left" style="margin-left: 53%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Title:&#160;Director
</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="49%"></TD>
    <TD width="10%"></TD>
    <TD width="41%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    Address:&#160;&#160;&#160;&#160;&#160;
</TD>
    <TD align="left">
    <FONT style="white-space: nowrap">c/o&#160;4B,</FONT>
    Yinglong Building
</TD>
</TR>

</TABLE>

<DIV align="left" style="margin-left: 59%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    No.&#160;1358 Yan An Road West,
</DIV>

<DIV align="left" style="margin-left: 59%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Shanghai 200052, China
</DIV>

<DIV align="left" style="margin-left: 49%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Facsimile:&#160;&#160;&#160;&#160;&#160;+86
    <FONT style="white-space: nowrap">(21)&#160;6283-0552</FONT>
</DIV>

<DIV style="margin-top: 24pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 49%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <B>SHANGHAI JINGLI ADVERTISING CO., LTD.</B>
</DIV>

<DIV style="margin-top: 48pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="49%"></TD>
    <TD width="4%"></TD>
    <TD width="47%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    By:&#160;
</TD>
    <TD align="left">
    <DIV style="display:inline; text-align:left;">/s/&#160;&#160;Qinying
    Liu</DIV>
</TD>
</TR>

</TABLE>

<DIV style="font-size: 2pt; margin-left: 53%; width: 100%;  align: left; border-bottom: 1pt solid #000000"></DIV><!-- callerid=999 iwidth=456 length=0 -->

<DIV align="left" style="margin-left: 53%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Name:&#160;&#160;&#160;&#160;&#160;Qinying Liu
</DIV>

<DIV align="left" style="margin-left: 53%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Title:&#160;Legal Representative
</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="49%"></TD>
    <TD width="10%"></TD>
    <TD width="41%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    Address:&#160;&#160;&#160;&#160;&#160;
</TD>
    <TD align="left">
    Room&#160;4B, Yinglong Building
</TD>
</TR>

</TABLE>

<DIV align="left" style="margin-left: 59%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    No.&#160;1358 Yan An Road West
</DIV>

<DIV align="left" style="margin-left: 59%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Shanghai 200052, China
</DIV>

<DIV align="left" style="margin-left: 49%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Facsimile:&#160;&#160;&#160;&#160;&#160;+86
    <FONT style="white-space: nowrap">(21)&#160;6283-0552</FONT>
</DIV>

<DIV style="margin-top: 3pt; font-size: 1pt">&nbsp;</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><I><FONT style="font-family: 'Times New Roman', Times">[REMAINDER
    OF PAGE INTENTIONALLY LEFT BLANK;<BR>
    SIGNATURE PAGE FOR THE SM SHAREHOLDERS AND SM WARRANTHOLDERS
    FOLLOWS]</FONT></I></B>
</DIV>

<P align="center" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <BR>
    A-1-57
</DIV><!-- END PAGE WIDTH -->
<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>

<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    IN WITNESS WHEREOF, the Parties hereto have caused this
    Agreement to be duly executed by their respective authorized
    signatories as of the date first indicated above.
</DIV>

<DIV style="margin-top: 24pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 49%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <DIV style="display:inline; text-align:left;">/s/&#160;&#160;Qinying
    Liu</DIV>
</DIV>

<DIV style="font-size: 2pt; margin-left: 49%; width: 100%;  align: left; border-bottom: 1pt solid #000000"></DIV><!-- callerid=999 iwidth=456 length=0 -->

<DIV align="left" style="margin-left: 49%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">

</DIV>

<DIV align="left" style="margin-left: 49%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <B>QINYING LIU</B>
</DIV>

<DIV style="margin-top: 48pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="49%"></TD>
    <TD width="10%"></TD>
    <TD width="41%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    Address:&#160;&#160;&#160;&#160;&#160;
</TD>
    <TD align="left">
    Room&#160;4B, Yinglong Building
</TD>
</TR>

</TABLE>

<DIV align="left" style="margin-left: 59%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    No.&#160;1358 Yan An Road West
</DIV>

<DIV align="left" style="margin-left: 59%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Shanghai 200052, China
</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="49%"></TD>
    <TD width="11%"></TD>
    <TD width="40%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    Facsimile:&#160;&#160;&#160;&#160;&#160;
</TD>
    <TD align="left">
    +86
    <FONT style="white-space: nowrap">(21)&#160;6283-0552</FONT>
</TD>
</TR>

</TABLE>

<DIV style="margin-top: 48pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 49%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <DIV style="display:inline; text-align:left;">/s/&#160;&#160;Le
    Yang</DIV>
</DIV>

<DIV style="font-size: 2pt; margin-left: 49%; width: 100%;  align: left; border-bottom: 1pt solid #000000"></DIV><!-- callerid=999 iwidth=456 length=0 -->

<DIV align="left" style="margin-left: 49%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">

</DIV>

<DIV align="left" style="margin-left: 49%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <B>LE YANG</B>
</DIV>

<DIV style="margin-top: 48pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="49%"></TD>
    <TD width="10%"></TD>
    <TD width="41%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    Address:&#160;&#160;&#160;&#160;&#160;
</TD>
    <TD align="left">
    Room&#160;4B, Yinglong Building
</TD>
</TR>

</TABLE>

<DIV align="left" style="margin-left: 59%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    No.&#160;1358 Yan An Road West
</DIV>

<DIV align="left" style="margin-left: 59%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Shanghai 200052, China
</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="49%"></TD>
    <TD width="11%"></TD>
    <TD width="40%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    Facsimile:&#160;&#160;&#160;&#160;&#160;
</TD>
    <TD align="left">
    +86
    <FONT style="white-space: nowrap">(21)&#160;6283-0552</FONT>
</TD>
</TR>

</TABLE>

<DIV style="margin-top: 3pt; font-size: 1pt">&nbsp;</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><I><FONT style="font-family: 'Times New Roman', Times">[REMAINDER
    OF PAGE INTENTIONALLY LEFT BLANK; SIGNATURE PAGE FOR THE SM<BR>
    SHAREHOLDERS AND SM WARRANTHOLDERS CONTINUES ON NEXT
    PAGE]</FONT></I></B>
</DIV>

<P align="center" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <BR>
    A-1-58
</DIV><!-- END PAGE WIDTH -->
<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>

<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    IN WITNESS WHEREOF, the Parties hereto have caused this
    Agreement to be duly executed by their respective authorized
    signatories as of the date first indicated above.
</DIV>

<DIV style="margin-top: 24pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 49%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <B>CHINA SEED VENTURES MANAGEMENT LIMITED</B>
</DIV>

<DIV align="left" style="margin-left: 49%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    as general partner for and on behalf of
</DIV>

<DIV align="left" style="margin-left: 49%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <B>CHINA SEED VENTURES, L.P.</B>
</DIV>

<DIV style="margin-top: 48pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="49%"></TD>
    <TD width="4%"></TD>
    <TD width="47%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    By:&#160;
</TD>
    <TD align="left">
    <DIV style="display:inline; text-align:left;">/s/&#160;&#160;Earl
    Ching-Hwa Yen</DIV>
</TD>
</TR>

</TABLE>

<DIV style="font-size: 2pt; margin-left: 53%; width: 100%;  align: left; border-bottom: 1pt solid #000000"></DIV><!-- callerid=999 iwidth=456 length=0 -->

<DIV align="left" style="margin-left: 53%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Name:&#160;&#160;&#160;&#160;&#160;Earl Ching-Hwa Yen
</DIV>

<DIV align="left" style="margin-left: 53%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Title:&#160;Managing Director
</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="49%"></TD>
    <TD width="10%"></TD>
    <TD width="41%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    Address:&#160;&#160;&#160;&#160;&#160;
</TD>
    <TD align="left">
    Rm. 104, Bldg.18
</TD>
</TR>

</TABLE>

<DIV align="left" style="margin-left: 59%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    No.&#160;800 Huashan Road
</DIV>

<DIV align="left" style="margin-left: 59%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Shanghai, 200050, China
</DIV>

<DIV align="left" style="margin-left: 59%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Telephone: +86
    <FONT style="white-space: nowrap">(21)&#160;6225-8579</FONT>
</DIV>

<DIV align="left" style="margin-left: 59%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Facsimile: +86
    <FONT style="white-space: nowrap">(21)&#160;6225-8573</FONT>
</DIV>

<DIV align="left" style="margin-left: 59%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Email: earl@csvcp.com
</DIV>

<DIV align="left" style="margin-left: 59%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Attention: Earl Ching-Hwa Yen
</DIV>

<DIV style="margin-top: 3pt; font-size: 1pt">&nbsp;</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><I><FONT style="font-family: 'Times New Roman', Times">[REMAINDER
    OF PAGE INTENTIONALLY LEFT BLANK; SIGNATURE PAGE FOR THE SM<BR>
    SHAREHOLDERS AND SM WARRANTHOLDERS CONTINUES ON NEXT
    PAGE]</FONT></I></B>
</DIV>

<P align="center" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <BR>
    A-1-59
</DIV><!-- END PAGE WIDTH -->
<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>

<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    IN WITNESS WHEREOF, the Parties hereto have caused this
    Agreement to be duly executed by their respective authorized
    signatories as of the date first indicated above.
</DIV>

<DIV style="margin-top: 24pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 49%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <B>DEUTSCHE BANK AG, HONG KONG BRANCH</B>
</DIV>

<DIV style="margin-top: 48pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="49%"></TD>
    <TD width="4%"></TD>
    <TD width="47%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    By:&#160;
</TD>
    <TD align="left">
    <DIV style="display:inline; text-align:left;">/s/&#160;&#160;Tom
    Cheung</DIV>
</TD>
</TR>

</TABLE>

<DIV style="font-size: 2pt; margin-left: 53%; width: 100%;  align: left; border-bottom: 1pt solid #000000"></DIV><!-- callerid=999 iwidth=456 length=0 -->

<DIV align="left" style="margin-left: 53%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Name:&#160;&#160;&#160;&#160;&#160;Tom Cheung
</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="53%"></TD>
    <TD width="8%"></TD>
    <TD width="39%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    Title:&#160;
</TD>
    <TD align="left">
    Managing Director
</TD>
</TR>

</TABLE>

<DIV style="margin-top: 24pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="49%"></TD>
    <TD width="4%"></TD>
    <TD width="47%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    By:&#160;
</TD>
    <TD align="left">
    <DIV style="display:inline; text-align:left;">/s/&#160;&#160;Stephen
    Lau</DIV>
</TD>
</TR>

</TABLE>

<DIV style="font-size: 2pt; margin-left: 53%; width: 100%;  align: left; border-bottom: 1pt solid #000000"></DIV><!-- callerid=999 iwidth=456 length=0 -->

<DIV align="left" style="margin-left: 53%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Name:&#160;&#160;&#160;&#160;&#160;Stephen Lau
</DIV>

<DIV align="left" style="margin-left: 53%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Title:&#160;Director
</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="49%"></TD>
    <TD width="10%"></TD>
    <TD width="41%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    Address:&#160;&#160;
</TD>
    <TD align="left">
    56/F, Cheung Kong Center
</TD>
</TR>

</TABLE>

<DIV align="left" style="margin-left: 59%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    2 Queen&#146;s Road Central
</DIV>

<DIV align="left" style="margin-left: 59%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Hong Kong
</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 49%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Facsimile:&#160;&#160;+852
    <FONT style="white-space: nowrap">2203-8304</FONT>
</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="49%"></TD>
    <TD width="11%"></TD>
    <TD width="40%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    Attention:&#160;&#160;
</TD>
    <TD align="left">
    GME Complex Equities
</TD>
</TR>

</TABLE>

<DIV align="left" style="margin-left: 60%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Saurabh Thalaria/
</DIV>

<DIV align="left" style="margin-left: 60%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Tom Cheung/
</DIV>

<DIV align="left" style="margin-left: 60%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Legal Department
</DIV>

<DIV style="margin-top: 3pt; font-size: 1pt">&nbsp;</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><I><FONT style="font-family: 'Times New Roman', Times">[REMAINDER
    OF PAGE INTENTIONALLY LEFT BLANK; SIGNATURE PAGE FOR THE SM<BR>
    SHAREHOLDERS AND SM WARRANTHOLDERS CONTINUES ON NEXT
    PAGE]</FONT></I></B>
</DIV>

<P align="center" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <BR>
    A-1-60
</DIV><!-- END PAGE WIDTH -->
<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>

<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    IN WITNESS WHEREOF, the Parties hereto have caused this
    Agreement to be duly executed by their respective authorized
    signatories as of the date first indicated above.
</DIV>

<DIV style="margin-top: 24pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 49%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <B>GENTFULL INVESTMENT LIMITED</B>
</DIV>

<DIV style="margin-top: 24pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="49%"></TD>
    <TD width="4%"></TD>
    <TD width="47%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    By:&#160;
</TD>
    <TD align="left">
    <DIV style="display:inline; text-align:left;">/s/&#160;&#160;Mong
    Cheuk Wai</DIV>
</TD>
</TR>

</TABLE>

<DIV style="font-size: 2pt; margin-left: 53%; width: 100%;  align: left; border-bottom: 1pt solid #000000"></DIV><!-- callerid=999 iwidth=456 length=0 -->

<DIV align="left" style="margin-left: 53%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Name:&#160;&#160;&#160;&#160;&#160;Mr. Mong Cheuk Wai
</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="53%"></TD>
    <TD width="8%"></TD>
    <TD width="39%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    Title:&#160;
</TD>
    <TD align="left">
    Director
</TD>
</TR>

</TABLE>

<DIV style="margin-top: 24pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="49%"></TD>
    <TD width="4%"></TD>
    <TD width="47%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    By:&#160;
</TD>
    <TD align="left">
    <DIV style="display:inline; text-align:left;">/s/&#160;&#160;Au
    Hoi Lam Gladys</DIV>
</TD>
</TR>

</TABLE>

<DIV style="font-size: 2pt; margin-left: 53%; width: 100%;  align: left; border-bottom: 1pt solid #000000"></DIV><!-- callerid=999 iwidth=456 length=0 -->

<DIV align="left" style="margin-left: 53%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Name:&#160;&#160;&#160;&#160;&#160;Ms. Au Hoi Lam Gladys
</DIV>

<DIV align="left" style="margin-left: 53%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Title:&#160;&#160;&#160;&#160;&#160;Director
</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="49%"></TD>
    <TD width="10%"></TD>
    <TD width="41%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    Address:&#160;&#160;&#160;&#160;&#160;
</TD>
    <TD align="left">
    9/F., Central Building, 3 Pedder<BR>
    Street, Central, Hong Kong
</TD>
</TR>

</TABLE>

<DIV align="left" style="margin-left: 49%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Facsimile:&#160;&#160;&#160;&#160;&#160;+852
    <FONT style="white-space: nowrap">3162-5618</FONT>
</DIV>

<DIV style="margin-top: 24pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 49%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <B>GAVAST ESTATES LIMITED</B>
</DIV>

<DIV style="margin-top: 24pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="49%"></TD>
    <TD width="4%"></TD>
    <TD width="47%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    By:&#160;
</TD>
    <TD align="left">
    <DIV style="display:inline; text-align:left;">/s/&#160;&#160;Wong
    Ken Lum</DIV>
</TD>
</TR>

</TABLE>

<DIV style="font-size: 2pt; margin-left: 53%; width: 100%;  align: left; border-bottom: 1pt solid #000000"></DIV><!-- callerid=999 iwidth=456 length=0 -->

<DIV align="left" style="margin-left: 53%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Name:&#160;&#160;&#160;&#160;&#160;Mr. Wong Ken Lum
</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="53%"></TD>
    <TD width="8%"></TD>
    <TD width="39%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    Title:&#160;
</TD>
    <TD align="left">
    Director
</TD>
</TR>

</TABLE>

<DIV style="margin-top: 24pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="49%"></TD>
    <TD width="4%"></TD>
    <TD width="47%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    By:&#160;
</TD>
    <TD align="left">
    <DIV style="display:inline; text-align:left;">/s/&#160;&#160;Yu
    Kim Po</DIV>
</TD>
</TR>

</TABLE>

<DIV style="font-size: 2pt; margin-left: 53%; width: 100%;  align: left; border-bottom: 1pt solid #000000"></DIV><!-- callerid=999 iwidth=456 length=0 -->

<DIV align="left" style="margin-left: 53%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Name:&#160;&#160;&#160;&#160;&#160;Mr. Yu Kim Po
</DIV>

<DIV align="left" style="margin-left: 53%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Title:&#160;&#160;&#160;&#160;&#160;Director
</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="49%"></TD>
    <TD width="10%"></TD>
    <TD width="41%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    Address:&#160;&#160;
</TD>
    <TD align="left">
    9/F., Central Building, 3 Pedder<BR>
    Street, Central, Hong Kong<BR>
</TD>
</TR>

</TABLE>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 49%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Facsimile:&#160;&#160;+852
    <FONT style="white-space: nowrap">3162-5618</FONT>
</DIV>

<DIV style="margin-top: 24pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 49%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <B>JIANXUN WANG</B>
</DIV>

<DIV style="margin-top: 24pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="49%"></TD>
    <TD width="4%"></TD>
    <TD width="47%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    By:&#160;
</TD>
    <TD align="left">
    <DIV style="display:inline; text-align:left;">/s/&#160;&#160;Qinying
    Liu</DIV>
</TD>
</TR>

</TABLE>

<DIV style="font-size: 2pt; margin-left: 53%; width: 100%;  align: left; border-bottom: 1pt solid #000000"></DIV><!-- callerid=999 iwidth=456 length=0 -->

<DIV align="left" style="margin-left: 53%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Name:&#160;&#160;&#160;&#160;&#160;Qinying Liu
</DIV>

<DIV align="left" style="margin-left: 53%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Title:&#160;Authorized Signatory
</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="53%"></TD>
    <TD width="8%"></TD>
    <TD width="39%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    Address:
</TD>
    <TD align="left">
    Room 4B, Yinglong Building
</TD>
</TR>

</TABLE>

<DIV align="left" style="margin-left: 61%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    No. 1358 Yan An Road West
</DIV>

<DIV align="left" style="margin-left: 61%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Shanghai 200052, China
</DIV>

<DIV align="left" style="margin-left: 49%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    &#160;&#160;&#160;&#160;Facsimile: +86 (21) 6283-0552
</DIV>

<DIV align="left" style="margin-left: 49%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">

</DIV>

<DIV style="margin-top: 3pt; font-size: 1pt">&nbsp;</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><I><FONT style="font-family: 'Times New Roman', Times">[REMAINDER
    OF PAGE INTENTIONALLY LEFT BLANK; SIGNATURE PAGE FOR THE SM<BR>
    WARRANTHOLDERS CONTINUES ON NEXT PAGE]</FONT></I></B>
</DIV>

<P align="center" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <BR>
    A-1-61
</DIV><!-- END PAGE WIDTH -->
<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>

<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    IN WITNESS WHEREOF, the Parties hereto have caused this
    Agreement to be duly executed by their respective authorized
    signatories as of the date first indicated above.
</DIV>

<DIV style="margin-top: 24pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 49%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <B>LINDEN VENTURES II (BVI), LTD.</B>
</DIV>

<DIV style="margin-top: 48pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="49%"></TD>
    <TD width="4%"></TD>
    <TD width="47%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    By:&#160;
</TD>
    <TD align="left">
    <DIV style="display:inline; text-align:left;">/s/&#160;&#160;Craig
    Jarvis</DIV>
</TD>
</TR>

</TABLE>

<DIV style="font-size: 2pt; margin-left: 53%; width: 100%;  align: left; border-bottom: 1pt solid #000000"></DIV><!-- callerid=999 iwidth=456 length=0 -->

<DIV align="left" style="margin-left: 53%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Name:&#160;&#160;&#160;&#160;&#160;Craig Jarvis
</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="53%"></TD>
    <TD width="8%"></TD>
    <TD width="39%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    Title:&#160;
</TD>
    <TD align="left">
    Authorized Signatory
</TD>
</TR>

</TABLE>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="49%"></TD>
    <TD width="10%"></TD>
    <TD width="41%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    Address:&#160;&#160;&#160;&#160;&#160;
</TD>
    <TD align="left">
    <FONT style="white-space: nowrap">c/o&#160;Linden</FONT>
    Advisors LP,<BR>
    590 Madison Ave., 15th Floor, New York<BR>
    NY 10022, USA<BR>
    Facsimile:&#160;&#160;&#160;&#160;&#160;+1
    <FONT style="white-space: nowrap">(646)&#160;840-3625</FONT>
</TD>
</TR>

</TABLE>

<DIV style="margin-top: 3pt; font-size: 1pt">&nbsp;</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><I><FONT style="font-family: 'Times New Roman', Times">
    [REMAINDER OF PAGE INTENTIONALLY LEFT BLANK; SIGNATURE PAGE FOR
    THE SM<BR>
    SHAREHOLDERS&#146; REPRESENTATIVES ON NEXT PAGE]</FONT></I></B>
</DIV>

<P align="center" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <BR>
    A-1-62
</DIV><!-- END PAGE WIDTH -->
<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>

<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    IN WITNESS WHEREOF, the Parties hereto have caused this
    Agreement to be duly executed by their respective authorized
    signatories as of the date first indicated above.
</DIV>

<DIV style="margin-top: 24pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 49%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <B>MANAGEMENT SHAREHOLDER REPRESENTATIVE:</B>
</DIV>

<DIV style="margin-top: 24pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="49%"></TD>
    <TD width="4%"></TD>
    <TD width="47%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    By:&#160;
</TD>
    <TD align="left">
    <DIV style="display:inline; text-align:left;">/s/&#160;&#160;Qinying
    Liu</DIV>
</TD>
</TR>

</TABLE>

<DIV style="font-size: 2pt; margin-left: 53%; width: 100%;  align: left; border-bottom: 1pt solid #000000"></DIV><!-- callerid=999 iwidth=456 length=0 -->

<DIV align="left" style="margin-left: 49%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Name:&#160;&#160; Qinying Liu
</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="49%"></TD>
    <TD width="8%"></TD>
    <TD width="43%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    Address:
</TD>
    <TD align="left">
    Room 4B, Yinglong Building
</TD>
</TR>

</TABLE>

<DIV align="left" style="margin-left: 57%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    No. 1358 Yan An Road West
</DIV>

<DIV align="left" style="margin-left: 57%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Shanghai 200052, China
</DIV>

<DIV align="left" style="margin-left: 49%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Facsimile: +86 (21) 6283-0552
</DIV>

<DIV style="margin-top: 24pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 49%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <B>CSV REPRESENTATIVE:</B>
</DIV>

<DIV style="margin-top: 24pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="49%"></TD>
    <TD width="4%"></TD>
    <TD width="47%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    By:&#160;
</TD>
    <TD align="left">
    <DIV style="display:inline; text-align:left;">/s/&#160;&#160;Earl
    Ching-Hwa Yen</DIV>
</TD>
</TR>

</TABLE>

<DIV style="font-size: 2pt; margin-left: 53%; width: 100%;  align: left; border-bottom: 1pt solid #000000"></DIV><!-- callerid=999 iwidth=456 length=0 -->

<DIV align="left" style="margin-left: 49%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Name:&#160;&#160;Earl Ching-Hwa Yen
</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="49%"></TD>
    <TD width="8%"></TD>
    <TD width="43%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    Address:
</TD>
    <TD align="left">
    Rm 104, Bldg. 18
</TD>
</TR>

</TABLE>

<DIV align="left" style="margin-left: 57%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    No. 800 Huasham Road
</DIV>

<DIV align="left" style="margin-left: 57%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Shanghai, 20050, China
</DIV>

<DIV align="left" style="margin-left: 49%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Facsimile: +86 (21) 6225-8573
</DIV>

<DIV style="margin-top: 24pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 49%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <B>DB REPRESENTATIVE:</B>
</DIV>

<DIV style="margin-top: 24pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="49%"></TD>
    <TD width="4%"></TD>
    <TD width="47%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    By:&#160;
</TD>
    <TD align="left">
    <DIV style="display:inline; text-align:left;">/s/&#160;&#160;Tommy
    Cheung</DIV>
</TD>
</TR>

</TABLE>

<DIV style="font-size: 2pt; margin-left: 53%; width: 100%;  align: left; border-bottom: 1pt solid #000000"></DIV><!-- callerid=999 iwidth=456 length=0 -->

<DIV align="left" style="margin-left: 49%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Name:&#160;&#160;Tommy Cheung
</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="49%"></TD>
    <TD width="8%"></TD>
    <TD width="43%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    Address:
</TD>
    <TD align="left">
    56/F, Cheung Kong Center
</TD>
</TR>

</TABLE>

<DIV align="left" style="margin-left: 57%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    2 Queen&#146;s Road Central
</DIV>

<DIV align="left" style="margin-left: 57%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Hong Kong
</DIV>

<DIV align="left" style="margin-left: 49%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Facsimile: +852 2203-8304
</DIV>

<DIV style="margin-top: 24pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="49%"></TD>
    <TD width="4%"></TD>
    <TD width="47%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    By:&#160;
</TD>
    <TD align="left">
    <DIV style="display:inline; text-align:left;">/s/&#160;&#160;Stephen
    Lau</DIV>
</TD>
</TR>

</TABLE>

<DIV style="font-size: 2pt; margin-left: 53%; width: 100%;  align: left; border-bottom: 1pt solid #000000"></DIV><!-- callerid=999 iwidth=456 length=0 -->

<DIV align="left" style="margin-left: 49%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Name:&#160;&#160;Stephen Lau
</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="49%"></TD>
    <TD width="8%"></TD>
    <TD width="43%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    Address:
</TD>
    <TD align="left">
    56/F Cheung Kong Center
</TD>
</TR>

</TABLE>

<DIV align="left" style="margin-left: 57%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    2 Queen&#146;s Road Central
</DIV>

<DIV align="left" style="margin-left: 57%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Hong Kong
</DIV>

<DIV align="left" style="margin-left: 49%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Facsimile: +852 2203-8304
</DIV>

<P align="center" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <BR>
    A-1-63
</DIV><!-- END PAGE WIDTH -->
<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>

<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->

<DIV align="right" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">Annex
    A-SEA</FONT></B>
</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">ANNEX&#160;A</FONT></B>
</DIV>

<DIV style="margin-top: 4pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">Definitions</FONT></B>
</DIV>

<DIV style="margin-top: 4pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <I>&#147;Acquired Shares&#148;</I> has the meaning set forth in
    Section&#160;12.10(a) of the Agreement.
</DIV>

<DIV style="margin-top: 4pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <I>&#147;Acquisition Proposal&#148;</I> has the meaning set
    forth in Section&#160;10.2(a) of the Agreement.
</DIV>

<DIV style="margin-top: 4pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <I>&#147;Action&#148;</I> has the meaning set forth in
    Section&#160;7.10 of the Agreement.
</DIV>

<DIV style="margin-top: 4pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <I>&#147;Adjusted Net Income&#148;</I> means consolidated net
    income, as determined in accordance with U.S.&#160;GAAP
    consistently applied, provided that Adjusted Net Income shall be
    calculated excluding: (i)&#160;expenses arising from or in
    connection with dividends or deemed dividends paid or payable on
    any preferred shares of SM Cayman and the redemption features of
    any preferred shares of SM Cayman and other expenses relating to
    the preferential features of any preferred shares of SM Cayman,
    (ii)&#160;any income or loss from a minority investment in any
    other entity by any Group Company, (iii)&#160;any expenses
    arising from or in connection with the issue of any preferred
    shares of SM Cayman, (iv)&#160;any charge arising from or in
    connection with compensation under the Option Plan,
    (v)&#160;non-cash financial expenses arising from the issuance
    of any Equity Securities (as defined in the Company Memorandum),
    (vi)&#160;non-recurring extraordinary items (including, without
    limitation, any accounting charges, costs or expenses arising
    from or in connection with the Transactions), (vii)&#160;any
    costs, expenses or other items relating or attributable to that
    certain Convertible Note and Warrant Agreement (the
    <B><I>&#147;Note Agreement&#148;</I></B>) dated as of
    March&#160;17, 2008 among SM Cayman, Linden Ventures and the
    other parties thereto, as amended on September&#160;15, 2008,
    December&#160;18, 2008 and March&#160;12, 2009 (including the
    issuance of the Linden Note (as defined in the Note Agreement),
    as amended on September&#160;15, 2008, December&#160;18, 2008
    and March&#160;12, 2009), (viii)&#160;all revenues, expenses and
    other items (including acquisition-related charges) relating or
    attributable to the acquisition of a majority of the outstanding
    equity interests of, or all or substantially all of the assets
    of any other entity or business, by ID Cayman or any Group
    Company following the Closing (for the avoidance of doubt it is
    agreed that the leasing or subleasing of a billboard, elevator
    frame unit or other media asset or advertising right does not
    constitute such an acquisition), (ix)&#160;the effect of any
    change in accounting principles or (x)&#160;any accounting
    charges, costs or expenses incurred by ID Cayman or SM Cayman
    arising from or in connection with any Earn-Out Share Payment.
</DIV>

<DIV style="margin-top: 4pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <I>&#147;Affiliates&#148;</I> shall mean any Person that
    directly or indirectly through one or more intermediaries,
    controls or is controlled by or is under common control with the
    Person specified. For purposes of this definition, control of a
    Person means the power, direct or indirect, to direct or cause
    the direction of the management and policies of such Person
    whether by Contract or otherwise and, in any event and without
    limitation of the previous sentence, any Person owning fifty
    percent (50%) or more of the voting securities of a second
    Person shall be deemed to control that second Person. For the
    purposes of this definition, a Person shall be deemed to control
    any of his or her immediate family members.
</DIV>

<DIV style="margin-top: 4pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <I>&#147;Agreement&#148;</I> has the meaning set forth in the
    preamble to the Agreement.
</DIV>

<DIV style="margin-top: 4pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <I>&#147;Alternative Transaction&#148;</I> means, with respect
    to the SM Parties, (a)&#160;a merger, scheme of arrangement,
    consolidation, dissolution, recapitalization or other business
    combination involving SM Cayman, (ii)&#160;the issuance by SM
    Cayman of over 50% of the SM Ordinary Shares as consideration
    for the assets or securities of another Person or (iii)&#160;the
    acquisition in any manner, directly or indirectly, of over 50%
    of the SM Ordinary Shares or consolidated total assets of SM
    Cayman (including by way of acquisition of one or more of the
    Group Companies) provided that &#147;Alternative
    Transaction&#148; shall not include the sale of assets or equity
    of any of the Group Companies to one or more of its previous
    shareholders as part of a restructuring of the Group Companies,
    provided that (A)&#160;the aggregate purchase price paid for any
    such assets or equity shall not exceed the amount originally
    paid by the relevant SM Entity (or Subsidiary thereof) for such
    assets or equity, (B)&#160;substantially all of such aggregate
    purchase price shall comprise forgiveness of existing
    obligations of such SM Entity (or Subsidiary thereof) and cash
    and (C)&#160;any cash paid to such SM Entity (or Subsidiary
    thereof) as part of such aggregate purchase price shall not
    exceed the amount of cash previously paid by the SM Entities and
    their Subsidiaries in connection with the original acquisition
    of such assets or equity or
</DIV>

<P align="center" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <BR>
    A-1-64
</DIV><!-- END PAGE WIDTH -->
<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>

<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (b)&#160;any private equity financing with proceeds in excess of
    $15&#160;million (exclusive of any commissions or management
    fees); and with respect to Ideation, means any &#147;initial
    business combination&#148; (as defined in Ideation&#146;s
    Amended and Restated Certificate of Incorporation).
</DIV>

<DIV style="margin-top: 4pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <I>&#147;AMEX&#148;</I> means the NYSE Amex.
</DIV>

<DIV style="margin-top: 4pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <I>&#147;ARS&#148;</I> has the meaning set forth in the
    background to the Agreement.
</DIV>

<DIV style="margin-top: 4pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <I>&#147;Articles of Merger&#148;</I> has the meaning set forth
    in Section&#160;1.2 of the Agreement.
</DIV>

<DIV style="margin-top: 4pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <I>&#147;Audited Financial Statements&#148;</I> has the meaning
    set forth in Section&#160;7.7(a) of the Agreement.
</DIV>

<DIV style="margin-top: 4pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <I>&#147;Basic Representations&#148;</I> has the meaning set
    forth in Section&#160;14.1 of the Agreement.
</DIV>

<DIV style="margin-top: 4pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <I>&#147;Basket&#148;</I> has the meaning set forth in
    Section&#160;14.4(a) of the Agreement.
</DIV>

<DIV style="margin-top: 4pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <I>&#147;Billboard Company&#148;</I> means an entity that is
    primarily engaged in the business of outdoor billboard
    advertising.
</DIV>

<DIV style="margin-top: 4pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <I>&#147;Billboard Placement Contract&#148;</I> means a Contract
    between a Group Company and the advertising company, or with a
    third party, securing the location of the billboard for the
    purpose of selling advertising or advertising times to
    advertisers.
</DIV>

<DIV style="margin-top: 4pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <I>&#147;Cap&#148;</I> has the meaning set forth in
    Section&#160;14.4(a) of the Agreement.
</DIV>

<DIV style="margin-top: 4pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <I>&#147;Cayman Companies Law&#148;</I> means the Companies Law
    (2007 Revision) of the Cayman Islands.
</DIV>

<DIV style="margin-top: 4pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <I>&#147;Certificate of Merger&#148;</I> has the meaning set
    forth in Section&#160;1.2 of the Agreement.
</DIV>

<DIV style="margin-top: 4pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <I>&#147;Certificates&#148;</I> has the meaning set forth in
    Section&#160;4.3 of the Agreement.
</DIV>

<DIV style="margin-top: 4pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <I>&#147;Change of Control&#148;</I> shall mean any:
</DIV>

<DIV style="margin-top: 4pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (a)&#160;merger, consolidation, business combination or similar
    transaction involving ID Cayman in which any of the outstanding
    voting securities of ID Cayman is converted into or exchanged
    for cash, securities or other property, other than any such
    transaction where the voting securities of ID Cayman outstanding
    immediately prior to such transaction are converted into or
    exchanged for voting securities of the surviving or transferee
    Person that constitute a majority of the outstanding shares of
    voting securities of such surviving or transferee Person
    (immediately after giving effect to such issuance);
</DIV>

<DIV style="margin-top: 4pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (b)&#160;sale, lease or other disposition directly or indirectly
    by merger, consolidation, business combination, share exchange,
    joint venture, or otherwise of assets of ID Cayman or any of its
    Subsidiaries or controlled Affiliates representing all or
    substantially all of the consolidated assets of ID Cayman and
    its Subsidiaries and controlled Affiliates;
</DIV>

<DIV style="margin-top: 4pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (c)&#160;issuance, sale or other disposition of (including by
    way of share exchange, joint venture, or any similar transaction
    by either ID Cayman or its shareholders) securities (or options,
    rights or warrants to purchase, or securities convertible into
    or exchangeable for such securities) representing 50% or more of
    the voting power of ID Cayman; provided, that any acquisition of
    securities directly from ID Cayman that the Independent
    Directors determine is primarily for the purposes of raising
    financing for ID Cayman will not be taken into account when
    determining if a Change in Control has occurred under this
    clause (c);
</DIV>

<DIV style="margin-top: 4pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (d)&#160;transaction in which any &#147;person&#148; (as such
    term is used in Sections&#160;13(d) and 14(d) of the Exchange
    Act) becomes the &#147;beneficial owner&#148; (as defined in
    <FONT style="white-space: nowrap">Rule&#160;13d-3</FONT>
    of the Exchange Act) of securities of ID Cayman representing 50%
    or more of the outstanding voting capital of ID Cayman;
    provided, that any acquisition of securities directly from ID
    Cayman that the Independent Directors determine is primarily for
    the purposes of raising financing for ID Cayman will not be
    taken into account when determining if a Change in Control has
    occurred under this clause (d);&#160;and
</DIV>

<DIV style="margin-top: 4pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (e)&#160;any combination of the foregoing.
</DIV>

<DIV style="margin-top: 4pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <I>&#147;Claims&#148;</I> has the meaning set forth in
    Section&#160;10.8 of the Agreement.
</DIV>

<DIV style="margin-top: 4pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <I>&#147;Closing&#148;</I> has the meaning set forth in
    Section&#160;6.1 of the Agreement.
</DIV>

<DIV style="margin-top: 4pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <I>&#147;Closing Date&#148;</I> has the meaning set forth in
    Section&#160;6.1 of the Agreement.
</DIV>

<DIV style="margin-top: 4pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <I>&#147;Code&#148;</I> means the United States Internal Revenue
    Code of 1986, as amended.
</DIV>

<P align="center" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <BR>
    A-1-65
</DIV><!-- END PAGE WIDTH -->
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<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>

<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <I>&#147;Combined Board&#148;</I> means the board of directors
    of ID Cayman following the Closing.
</DIV>

<DIV style="margin-top: 4pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <I>&#147;Common Stock&#148;</I> means the Common Stock of
    Ideation, US$0.0001&#160;par value per share.
</DIV>

<DIV style="margin-top: 4pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <I>&#147;Company Memorandum&#148;</I> means the Fourth Amended
    and Restated Memorandum and Articles of Association of SM Cayman
    adopted on March&#160;23, 2009, as amended on March&#160;28,
    2009.
</DIV>

<DIV style="margin-top: 4pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <I>&#147;Confidential Information&#148;</I> means confidential
    and proprietary data and information relating to SM Cayman and
    its Subsidiaries and Affiliates; other than any data or
    information that (i)&#160;has been voluntarily disclosed to the
    general public by ID Cayman or its Affiliates, (ii)&#160;has
    been independently developed and disclosed to the general public
    by others, (iii)&#160;otherwise enters the public domain through
    lawful means and not in violation of any confidentiality
    obligation to any Person or (iv)&#160;has been disclosed
    pursuant to legal process.
</DIV>

<DIV style="margin-top: 4pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <I>&#147;Consent&#148;</I> has the meaning set forth in
    Section&#160;7.6 of the Agreement.
</DIV>

<DIV style="margin-top: 4pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <I>&#147;Contract&#148;</I> means a contract, lease, license,
    indenture, note, bond, agreement, permit, concession, franchise
    or other instrument, whether written or verbal.
</DIV>

<DIV style="margin-top: 4pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <I>&#147;Conversion&#148;</I> has the meaning set forth in the
    background to the Agreement.
</DIV>

<DIV style="margin-top: 4pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <I>&#147;Conversion Effective Time&#148;</I> has the meaning set
    forth in Section&#160;2.2 of the Agreement.
</DIV>

<DIV style="margin-top: 4pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <I>&#147;Conversion Rights&#148;</I> means the right of holders
    of the Common Stock voting against a business combination to
    convert their shares of Common Stock for a pro-rata share of the
    Trust&#160;Account, if a business combination is approved and
    completed. Holders of the Common Stock who exercise such
    Conversion Rights will continue to have the right to exercise
    any Ideation Warrants they may hold.
</DIV>

<DIV style="margin-top: 4pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <I>&#147;CSV Representative&#148;</I> has the meaning set forth
    in Section&#160;16.5(a) of the Agreement.
</DIV>

<DIV style="margin-top: 4pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <I>&#147;Damages&#148;</I> has the meaning set forth in
    Section&#160;14.2(a) of the Agreement.
</DIV>

<DIV style="margin-top: 4pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <I>&#147;DB&#148;</I> means Deutsche Bank AG, Hong Kong Branch.
</DIV>

<DIV style="margin-top: 4pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <I>&#147;DB Representative&#148;</I> has the meaning set forth
    in Section&#160;16.5(a) of the Agreement.
</DIV>

<DIV style="margin-top: 4pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <I>&#147;Designated Agent&#148;</I> has the meaning set forth in
    the preamble to the Agreement.
</DIV>

<DIV style="margin-top: 4pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <I>&#147;DGCL&#148;</I> has the meaning set forth in the
    background to the Agreement.
</DIV>

<DIV style="margin-top: 4pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <I>&#147;Director Nominees&#148;</I> has the meaning set forth
    in Section&#160;12.4 of the Agreement.
</DIV>

<DIV style="margin-top: 4pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <I>&#147;Disclosure Schedules&#148;</I> means the SM Disclosure
    Schedule and the Ideation Disclosure Schedule.
</DIV>

<DIV style="margin-top: 4pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <I>&#147;Earn-Out Share Payments&#148;</I> has the meaning set
    forth in Section&#160;5.2(b) of the Agreement.
</DIV>

<DIV style="margin-top: 4pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <I>&#147;Earn-Out Shares&#148;</I> has the meaning set forth in
    Section&#160;5.2(b) of the Agreement.
</DIV>

<DIV style="margin-top: 4pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <I>&#147;End Date&#148;</I> has the meaning set forth in
    Section&#160;15.1(b) of the Agreement.
</DIV>

<DIV style="margin-top: 4pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <I>&#147;Environment&#148;</I> means soil, land surface or
    subsurface strata, surface waters (including navigable waters,
    ocean waters, streams, ponds, drainage basins, and wetlands),
    groundwaters, drinking water supply, stream sediments, ambient
    air (including indoor air), plant and animal life, and any other
    environmental medium or natural resource.
</DIV>

<DIV style="margin-top: 4pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <I>&#147;Environmental Law&#148;</I> shall mean any Legal
    Requirement that requires or relates to:
</DIV>

<DIV style="margin-top: 4pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (a)&#160;advising appropriate authorities, employees, and the
    public of threatened or actual releases of pollutants or
    hazardous substances or materials, violations of discharge
    limits, or other prohibitions and of the commencements of
    activities, such as resource extraction or construction, that
    could have significant impact on the Environment;
</DIV>

<DIV style="margin-top: 4pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (b)&#160;preventing or reducing to acceptable levels the release
    of pollutants or hazardous substances or materials into the
    Environment;
</DIV>

<DIV style="margin-top: 4pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (c)&#160;reducing the quantities, preventing the release, or
    minimizing the hazardous characteristics of wastes that are
    generated;
</DIV>

<DIV style="margin-top: 4pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (d)&#160;assuring that products are designed, formulated,
    packaged, and used so that they do not present unreasonable
    risks to human health or the Environment when used or disposed
    of;
</DIV>

<P align="center" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <BR>
    A-1-66
</DIV><!-- END PAGE WIDTH -->
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<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (e)&#160;protecting resources, species, or ecological amenities;
</DIV>

<DIV style="margin-top: 4pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (f)&#160;reducing to acceptable levels the risks inherent in the
    transportation of hazardous substances, pollutants, oil, or
    other potentially harmful substances;
</DIV>

<DIV style="margin-top: 4pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (g)&#160;cleaning up pollutants that have been released,
    preventing the threat of release, or paying the costs of such
    clean up or prevention;&#160;or
</DIV>

<DIV style="margin-top: 4pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (h)&#160;making responsible parties pay private parties, or
    groups of them, for damages done to their health or the
    Environment, or permitting self-appointed representatives of the
    public interest to recover for injuries done to public assets.
</DIV>

<DIV style="margin-top: 4pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <I>&#147;Exchange Act&#148;</I> means the Securities Exchange
    Act of 1934, as amended.
</DIV>

<DIV style="margin-top: 4pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <I><FONT style="white-space: nowrap">&#147;Form&#160;S-4</FONT>
    Registration Statement&#148;</I> shall mean the registration
    statement on
    <FONT style="white-space: nowrap">Form&#160;S-4</FONT>
    to be filed with the SEC by Ideation in connection with issuance
    of ID Cayman Securities, as said registration statement may be
    amended prior to the time it is declared effective by the SEC.
</DIV>

<DIV style="margin-top: 4pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <I>&#147;Frame Placement Contract&#148;</I> means a Contract
    between a Group Company and the owner or site manager of a
    building in which any Group Company maintains a Frame Unit, or
    with a third party who has obtained the rights to such location
    from the owner or site manager of the building where such Frame
    Unit is located, securing the location of the Frame Unit for the
    purpose of selling advertising or advertising times to
    advertisers.
</DIV>

<DIV style="margin-top: 4pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <I>&#147;Frame Unit&#148;</I> means an in-elevator poster frame
    with respect to which a Group Company sells advertising or
    advertising times to third parties.
</DIV>

<DIV style="margin-top: 4pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <I>&#147;FY2009&#148;</I> means the fiscal year of ID Cayman
    ending December&#160;31, 2009.
</DIV>

<DIV style="margin-top: 4pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <I>&#147;Governmental Authority&#148;</I> means any national,
    federal, state, provincial, local or foreign government,
    governmental, regulatory or administrative authority, agency or
    commission or any court, tribunal or judicial or arbitral body
    of competent jurisdiction, or other governmental authority or
    instrumentality, domestic or foreign.
</DIV>

<DIV style="margin-top: 4pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <I>&#147;Group Companies&#148;</I> means, collectively, the SM
    Entities and each of their Subsidiaries, and &#147;<I>Group
    Company&#148;</I> means any of them.
</DIV>

<DIV style="margin-top: 4pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <I>&#147;ID Arizona&#148;</I> has the meaning set forth in the
    preamble to the Agreement.
</DIV>

<DIV style="margin-top: 4pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <I>&#147;ID Arizona Common Stock&#148;</I> has the meaning set
    forth in the background to the Agreement.
</DIV>

<DIV style="margin-top: 4pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <I>&#147;ID Arizona Securities&#148;</I> has the meaning set
    forth in the background to the Agreement.
</DIV>

<DIV style="margin-top: 4pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <I>&#147;ID Arizona Share(s)&#148;</I> has the meaning set forth
    in the background to the Agreement.
</DIV>

<DIV style="margin-top: 4pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <I>&#147;ID Arizona Warrant(s)&#148;</I> has the meaning set
    forth in the background to the Agreement.
</DIV>

<DIV style="margin-top: 4pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <I>&#147;ID Cayman&#148;</I> has the meaning set forth in the
    background to the Agreement.
</DIV>

<DIV style="margin-top: 4pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <I>&#147;ID Cayman Securities&#148;</I> has the meaning set
    forth in the background to the Agreement.
</DIV>

<DIV style="margin-top: 4pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <I>&#147;ID Cayman Share(s)&#148;</I> has the meaning set forth
    in the background to the Agreement.
</DIV>

<DIV style="margin-top: 4pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <I>&#147;ID Cayman Preferred Shares&#148;</I> means those
    Series&#160;A Preferred Shares of ID Cayman with such rights and
    privileges set forth in the Memorandum and Articles of ID
    Cayman, in substantially the form attached hereto as
    <I>Exhibit&#160;A</I>.
</DIV>

<DIV style="margin-top: 4pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <I>&#147;ID Cayman Warrant(s)&#148;</I> has the meaning set
    forth in the background to the Agreement.
</DIV>

<DIV style="margin-top: 4pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <I>&#147;ID Significant Shareholders&#148;</I> means each of
    Frost Gamma Investments Trust, Robert N. Fried, Subbarao
    Uppaluri, Steven D. Rubin and Jane Hsiao.
</DIV>

<DIV style="margin-top: 4pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <I>&#147;ID Superior Proposal&#148;</I> means any bona fide
    (i)&#160;proposal or offer for a merger, consolidation,
    dissolution, recapitalization or other business combination
    involving Ideation, (ii)&#160;proposal for the issuance by
    Ideation of over 50% of the Common Stock as consideration for
    the assets or securities of another Person or
    (iii)&#160;proposal or offer (including a merger, tender offer
    or exchange offer) to acquire in any manner, directly or
    indirectly, over 50% of the Common Stock or consolidated total
    assets of Ideation, in each case other than the Transactions,
    made by a third party, and which is otherwise on terms and
    conditions which the Ideation Board
</DIV>

<P align="center" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <BR>
    A-1-67
</DIV><!-- END PAGE WIDTH -->
<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>

<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    or any committee thereof determines in its reasonable judgment
    (after consultation with financial advisors) to be more
    favorable to holders of Common Stock than the Transactions.
</DIV>

<DIV style="margin-top: 4pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <I>&#147;Ideation&#148;</I> has the meaning set forth in the
    preamble to the Agreement.
</DIV>

<DIV style="margin-top: 4pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <I>&#147;Ideation Board&#148;</I> means the board of directors
    of Ideation prior to the Merger.
</DIV>

<DIV style="margin-top: 4pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <I>&#147;Ideation Constituent Instruments&#148;</I> has the
    meaning set forth in Section&#160;8.2 of the Agreement.
</DIV>

<DIV style="margin-top: 4pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <I>&#147;Ideation Disclosure&#148;</I> has the meaning set forth
    in Section&#160;10.8 of the Agreement.
</DIV>

<DIV style="margin-top: 4pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <I>&#147;Ideation Disclosure Schedule&#148;</I> has the meaning
    set forth in Article&#160;VIII of the Agreement.
</DIV>

<DIV style="margin-top: 4pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <I>&#147;Ideation Indemnified Parties&#148;</I> has the meaning
    set forth in Section&#160;14.2(a) of the Agreement.
</DIV>

<DIV style="margin-top: 4pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <I>&#147;Ideation Material Contract&#148;</I> has the meaning
    set forth in Section&#160;8.21 of the Agreement.
</DIV>

<DIV style="margin-top: 4pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <I>&#147;Ideation Parties&#148;</I> has the meaning set forth in
    the background to the Agreement.
</DIV>

<DIV style="margin-top: 4pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <I>&#147;Ideation Prospectus&#148;</I> means the prospectus
    filed by Ideation with the SEC and made effective on
    November&#160;19, 2007.
</DIV>

<DIV style="margin-top: 4pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <I>&#147;Ideation Public Offering&#148;</I> means the initial
    public offering of Ideation completed on November&#160;19, 2007,
    in which Ideation sold 10,000,000&#160;units, each consisting of
    one share of its Common Stock and a warrant to purchase one
    share of its Common Stock at a price of US$8.00 per unit.
</DIV>

<DIV style="margin-top: 4pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <I>&#147;Ideation Registration Statement&#148;</I> has the
    meaning set forth in Section&#160;10.8 of the Agreement.
</DIV>

<DIV style="margin-top: 4pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <I>&#147;Ideation Representative&#148;</I> means Phillip
    Frost,&#160;M.D.
</DIV>

<DIV style="margin-top: 4pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <I>&#147;Ideation SEC Documents&#148;</I> has the meaning set
    forth in Section&#160;8.7 of the Agreement.
</DIV>

<DIV style="margin-top: 4pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <I>&#147;Ideation Securities&#148;</I> has the meaning set forth
    in the background to the Agreement.
</DIV>

<DIV style="margin-top: 4pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <I>&#147;Ideation Share(s)&#148;</I> has the meaning set forth
    in the background to the Agreement.
</DIV>

<DIV style="margin-top: 4pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <I>&#147;Ideation Warrant(s)&#148;</I> has the meaning set forth
    in the background to the Agreement.
</DIV>

<DIV style="margin-top: 4pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <I>&#147;IFRS&#148;</I> means International Financial Reporting
    Standards.
</DIV>

<DIV style="margin-top: 4pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <I>&#147;Indemnification Notice&#148;</I> has the meaning set
    forth in Section&#160;14.5 of the Agreement.
</DIV>

<DIV style="margin-top: 4pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <I>&#147;Indemnitee&#148;</I> has the meaning set forth in
    Section&#160;14.5 of the Agreement.
</DIV>

<DIV style="margin-top: 4pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <I>&#147;Indemnitor&#148;</I> has the meaning set forth in
    Section&#160;14.5 of the Agreement.
</DIV>

<DIV style="margin-top: 4pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <I>&#147;Independent Committee&#148;</I> has the meaning set
    forth in Section&#160;14.2(c) of the Agreement.
</DIV>

<DIV style="margin-top: 4pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <I>&#147;Independent Director(s)&#148;</I> has the meaning set
    forth in Section&#160;12.4 of the Agreement.
</DIV>

<DIV style="margin-top: 4pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <I>&#147;Initial Equity Payment&#148;</I> has the meaning set
    forth in Section&#160;5.2(a) of the Agreement.
</DIV>

<DIV style="margin-top: 4pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <I>&#147;Intellectual Property Rights&#148;</I> shall have the
    meaning set forth in Section&#160;7.13 of the Agreement.
</DIV>

<DIV style="margin-top: 4pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <I>&#147;Interim Notes&#148;</I> means, collectively, the
    promissory note dated March&#160;19, 2009 in the principal
    amount of US$1,575,000 issued by SM Cayman to FGIT, the
    promissory note dated March&#160;19, 2009 in the principal
    amount of US$25,000 issued by SM Cayman to Chardan Securities
    LLC, the promissory note dated March&#160;19, 2009 in the
    principal amount of US$25,000 issued by SM Cayman to Robert
    Fried, the promissory note dated March&#160;19, 2009 in the
    principal amount of US$25,000 issued by SM Cayman to Rao
    Uppaluri, the promissory note dated March&#160;19, 2008 in the
    principal amount of US$100,000 issued by SM Cayman to Halpryn
    Capital Partners, LLC, the promissory note dated March&#160;18,
    2009 in the principal amount of US$1,500,000 issued by SM Cayman
    to CSV, the promissory note dated March&#160;18, 2009 in the
    principal amount of US$50,000 issued by SM Cayman to Qinying
    Liu, the promissory note dated March&#160;18, 2009 in the
    principal amount of US$50,000 issued by SM Cayman to Le Yang,
    the promissory note dated March&#160;18, 2009 in the principal
    amount of US$50,000 issued by SM Cayman to Xuebao Yang, the
    promissory note dated March&#160;18, 2009 in the principal
    amount of US$50,000 issued by SM Cayman to Jianhai Huang and the
    promissory note dated March&#160;18, 2009 in the principal
    amount of US$50,000 issued by SM Cayman to Min Wu; in each case
    as amended or supplemented from time to time, an
    <I>&#147;Interim Note&#148;</I> means any of the Interim Notes.
</DIV>

<P align="center" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <BR>
    A-1-68
</DIV><!-- END PAGE WIDTH -->
<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>

<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <I>&#147;Investor Representation Letter&#148;</I> means the
    representation letter in the form of <I>Exhibit&#160;E </I>to
    the Agreement.
</DIV>

<DIV style="margin-top: 4pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <I>&#147;Jieli Consulting&#148;</I> has the meaning set forth in
    <I>Schedule&#160;A </I>to the Agreement.
</DIV>

<DIV style="margin-top: 4pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <I>&#147;Jieli Technology&#148;</I> has the meaning set forth in
    <I>Schedule&#160;A </I>to the Agreement.
</DIV>

<DIV style="margin-top: 4pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <I>&#147;Jingli Shanghai&#148;</I> has the meaning set forth in
    <I>Schedule&#160;A </I>to the Agreement.
</DIV>

<DIV style="margin-top: 4pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <I>&#147;Joinder&#148; </I>has the meaning set forth in
    Section&#160;5.3(a) of the Agreement.
</DIV>

<DIV style="margin-top: 4pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <I>&#147;Judgment&#148;</I> means any judgment, order or decree.
</DIV>

<DIV style="margin-top: 4pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <I>&#147;Knowledge,&#148;</I> (i)&#160;with respect to the SM
    Entities, means the actual knowledge of the Chairman of the
    board of directors, the Chief Executive Officer, the Chief
    Financial Officer, the Chief Operating Officer and the Vice
    Presidents of SM Cayman, and (ii)&#160;with respect to Ideation,
    means the actual knowledge of its executive officers and the
    members of the Ideation Board.
</DIV>

<DIV style="margin-top: 4pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <I>&#147;Legal Requirement&#148;</I> means any federal, state,
    local, municipal, provincial, foreign or other law, statute,
    constitution, principle of common law, resolution, ordinance,
    code, edict, decree, rule, regulation, ruling or requirement
    issued, enacted, adopted, promulgated, implemented or otherwise
    put into effect by or under the authority of any Governmental
    Authorities (or under the authority of any national securities
    exchange upon which Ideation Securities (or ID Cayman
    Securities) are then listed or traded).
</DIV>

<DIV style="margin-top: 4pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <I>&#147;Liens&#148;</I> means any liens, security interests,
    pledges, equities and claims of any kind, voting trusts,
    shareholder agreements and other encumbrances.
</DIV>

<DIV style="margin-top: 4pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <I>&#147;Linden Note&#148;</I> means the amended and restated
    promissory note issued by SM Cayman to Linden Ventures on
    September&#160;15, 2008 in an aggregate principal amount of
    US$15,000,000, as amended.
</DIV>

<DIV style="margin-top: 4pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <I>&#147;Linden Ventures&#148;</I> means Linden Ventures&#160;II
    (BVI) Ltd.
</DIV>

<DIV style="margin-top: 4pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <I>&#147;Linden Warrants&#148;</I> means the Equity Securities
    Purchase Warrant, dated as of March&#160;17, 2008, issued by SM
    Cayman to Linden Ventures, as amended.
</DIV>

<DIV style="margin-top: 4pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <I>&#147;Listed Securities&#148;</I> has the meaning set forth
    in Section&#160;8.18 of the Agreement.
</DIV>

<DIV style="margin-top: 4pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <I><FONT style="white-space: nowrap">&#147;Lock-Up</FONT>
    Agreement&#148;</I> means the
    <FONT style="white-space: nowrap">lock-up</FONT>
    agreement to be entered into by each of the SM Shareholders and
    SM Warrantholders as of the Closing Date, and any director of ID
    Cayman nominated by the SM Shareholders&#146; Representatives,
    each in the form of
    <I><FONT style="white-space: nowrap">Exhibit&#160;F-1</FONT>
    </I>or <I>F-2, </I>as applicable, to the Agreement.
</DIV>

<DIV style="margin-top: 4pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <I>&#147;Management Shareholder Representative&#148;</I> has the
    meaning set forth in Section&#160;16.5(a) of the Agreement.
</DIV>

<DIV style="margin-top: 4pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <I>&#147;Material Adverse Effect&#148;</I> means any event,
    change or effect that is materially adverse to the condition
    (financial or otherwise), properties, assets, liabilities,
    business, operations or results of operations of such Person and
    its Subsidiaries, taken as a whole. Notwithstanding the
    foregoing, the definition of Material Adverse Effect shall not
    include events caused by (A)&#160;changes in general economic
    conditions or capital or credit markets, except to the extent
    that the same disproportionately impact such Person as compared
    to other similarly situated Persons; (B)&#160;changes to the
    economic conditions affecting the industries in which such
    Person operates, except to the extent that the same
    disproportionately impact such Person as compared to other
    Persons in such industries; (C)&#160;changes related to or
    arising from the execution, announcement or performance of, or
    compliance with, this Agreement or the consummation of the
    Transactions; (D)&#160;changes in accounting requirements or
    principles or any change in applicable Legal Requirements or the
    interpretation thereof; (E)&#160;the failure to meet any
    projections or budgets; (F)&#160;matters listed in the
    Disclosure Schedules, to the extent it was reasonably
    foreseeable that such matters would have a material adverse
    effect on the condition (financial or otherwise), properties,
    assets, liabilities, business, operations or results of
    operations of such Person and its Subsidiaries, taken as a whole
    or (G)&#160;with respect to the Ideation Parties, performance of
    the covenants set forth in Sections&#160;12.10 or 12.11 (but
    only to the extent the provisions of such Sections are complied
    with in all material respects).
</DIV>

<DIV style="margin-top: 4pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <I>&#147;Material Contract&#148;</I> has the meaning set forth
    in Section&#160;7.18 of the Agreement.
</DIV>

<DIV style="margin-top: 4pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <I>&#147;Merger&#148;</I> has the meaning set forth in the
    background to the Agreement.
</DIV>

<P align="center" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <BR>
    A-1-69
</DIV><!-- END PAGE WIDTH -->
<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>

<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <I>&#147;Merger Effective Time&#148;</I> has the meaning set
    forth in Section&#160;1.2 of the Agreement.
</DIV>

<DIV style="margin-top: 4pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <I>&#147;New Options&#148;</I> has the meaning set forth in
    Section&#160;5.1(d)(ii) of the Agreement.
</DIV>

<DIV style="margin-top: 4pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <I>&#147;New Restricted Shares Award&#148;</I> has the meaning
    set forth in Section&#160;5.1(c)(i) of the Agreement.
</DIV>

<DIV style="margin-top: 4pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <I>&#147;New Warrants&#148;</I> has the meaning set forth in
    Section&#160;5.1(b) of the Agreement.
</DIV>

<DIV style="margin-top: 4pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <I>&#147;Non-signing SM Shareholder&#148;</I> has the meaning
    set forth in the preamble to the Agreement.
</DIV>

<DIV style="margin-top: 4pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <I>&#147;OFAC&#148;</I> has the meaning set forth in
    Section&#160;7.22 of the Agreement.
</DIV>

<DIV style="margin-top: 4pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <I>&#147;Off-Balance Sheet Arrangement&#148;</I> means with
    respect to any Person, any securitization transaction to which
    that Person or its Subsidiaries is party and any other
    transaction, agreement or other contractual arrangement to which
    an entity unconsolidated with that Person is a party, under
    which that Person or its Subsidiaries, whether or not a party to
    the arrangement, has, or in the future may have: (a)&#160;any
    obligation under a direct or indirect guarantee or similar
    arrangement; (b)&#160;a retained or contingent interest in
    assets transferred to an unconsolidated entity or similar
    arrangement; or (c)&#160;derivatives to the extent that the fair
    value thereof is not fully reflected as a liability or asset in
    the financial statements.
</DIV>

<DIV style="margin-top: 4pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <I>&#147;Option Plan&#148;</I> means the SearchMedia
    International Limited 2008&#160;Share Incentive Plan.
</DIV>

<DIV style="margin-top: 4pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <I>&#147;Other SM Shares&#148;</I> means the 798,000 Ordinary
    Shares held by the Non-signing SM Shareholder.
</DIV>

<DIV style="margin-top: 4pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <I>&#147;Party&#148;</I> or &#147;<I>Parties&#148;</I> has the
    meaning set forth in the preamble to the Agreement.
</DIV>

<DIV style="margin-top: 4pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <I>&#147;Permits&#148;</I> mean all governmental franchises,
    licenses, permits, authorizations and approvals necessary to
    enable a Person to own, lease or otherwise hold its properties
    and assets and to conduct its businesses as presently conducted.
</DIV>

<DIV style="margin-top: 4pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <I>&#147;Permitted Lien&#148;</I> shall mean (a)&#160;any
    restriction on transfer arising under applicable securities
    Legal Requirements; (b)&#160;any Liens for Taxes not yet due or
    delinquent or being contested in good faith by appropriate
    proceedings for which adequate reserves have been established in
    accordance with U.S.&#160;GAAP; (c)&#160;any statutory Liens
    arising in the ordinary course of business by operation of law
    with respect to a liability that is not yet due and delinquent
    and which are not, individually or in the aggregate,
    significant; (d)&#160;zoning, entitlement, building and other
    land use regulations imposed by governmental agencies having
    jurisdiction over the Real Property which are not violated by
    the current use and operation of the Real Property;
    (e)&#160;covenants, conditions, restrictions, easements and
    other similar matters of record affecting title to the Real
    Property which do not materially impair the occupancy or use of
    the Real Property for the purposes for which it is currently
    used or proposed to be used in connection with the such relevant
    Person&#146;s business; (f)&#160;Liens identified on title
    policies, title opinions or preliminary title reports or other
    documents or writings included in the public records;
    (g)&#160;Liens arising under worker&#146;s compensation,
    unemployment insurance, social security, retirement and similar
    legislation; (h)&#160;Liens of lessors and licensors arising
    under lease agreements or license arrangements and
    (i)&#160;those Liens set forth in the SM Disclosure Schedule.
</DIV>

<DIV style="margin-top: 4pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <I>&#147;Person&#148;</I> shall mean an individual, partnership,
    corporation, joint venture, unincorporated organization,
    cooperative other entity, or a Governmental Authority or agency
    thereof.
</DIV>

<DIV style="margin-top: 4pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <I>&#147;PRC&#148;</I> shall mean the People&#146;s Republic of
    China, for the purposes of this Agreement, excluding the Hong
    Kong Special Administrative Region and the Macao Special
    Administrative Region and Taiwan.
</DIV>

<DIV style="margin-top: 4pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <I>&#147;Preferred Conversion&#148;</I> has the meaning set
    forth in Section&#160;9.3 of the Agreement.
</DIV>

<DIV style="margin-top: 4pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <I>&#147;Proxy Statement/Prospectus&#148;</I> has the meanings
    set forth in Section&#160;8.6 of the Agreement.
</DIV>

<DIV style="margin-top: 4pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <I>&#147;Purchase Options&#148;</I> means those certain Unit
    Purchase Options issued by Ideation to each of Lazard Capital
    Markets, LLC and EarlyBird Capital, Inc., each dated as of
    November&#160;26, 2007.
</DIV>

<DIV style="margin-top: 4pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <I>&#147;Real Estate Leases&#148;</I> has the meaning set forth
    in Section&#160;7.12(a) of the Agreement.
</DIV>

<DIV style="margin-top: 4pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <I>&#147;Real Property&#148;</I> has the meaning set forth in
    Section&#160;7.12(a) of the Agreement.
</DIV>

<DIV style="margin-top: 4pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <I>&#147;Registration Rights Agreement&#148;</I> means the
    registration rights agreement to be entered into by ID Cayman
    and the SM Shareholders in the form of <I>Exhibit&#160;G</I> to
    the Agreement.
</DIV>

<DIV style="margin-top: 4pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <I><FONT style="white-space: nowrap">&#147;Regulation&#160;S-K&#148;</FONT></I>
    means
    <FONT style="white-space: nowrap">Regulation&#160;S-K</FONT>
    promulgated under the Securities Act of 1933, as amended.
</DIV>

<P align="center" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <BR>
    A-1-70
</DIV><!-- END PAGE WIDTH -->
<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>

<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <I>&#147;Representatives&#148;</I> of any Party shall mean such
    Party&#146;s employees, accountants, auditors, actuaries,
    counsel, financial advisors, bankers, investment bankers and
    consultants and any other person acting on behalf of such Party.
</DIV>

<DIV style="margin-top: 4pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <I>&#147;Returned Shares&#148;</I> has the meaning set forth in
    Section&#160;14.2(b) of the Agreement.
</DIV>

<DIV style="margin-top: 4pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <I>&#147;SAFE&#148;</I> means the State Administration of
    Foreign Exchange in the PRC.
</DIV>

<DIV style="margin-top: 4pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <I>&#147;SAIC&#148;</I> means the State Administration of
    Industry and Commerce of the PRC or, with respect to the
    issuance of any business license or filing or registration to be
    effected with or by the State Administration of Industry and
    Commerce of the PRC, any Governmental Authority which is
    similarly competent to issue such business license or accept
    such filing or registration under the laws of the PRC.
</DIV>

<DIV style="margin-top: 4pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <I>&#147;Sarbanes-Oxley Act&#148;</I> has the meaning set forth
    in Section&#160;8.13 of the Agreement.
</DIV>

<DIV style="margin-top: 4pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <I>&#147;SEC&#148; </I>means the U.S.&#160;Securities and
    Exchange Commission.
</DIV>

<DIV style="margin-top: 4pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <I>&#147;Securities Act&#148;</I> means the Securities Act of
    1933, as amended.
</DIV>

<DIV style="margin-top: 4pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <I>&#147;Series&#160;A Preferred&#148;</I> means the redeemable
    Series&#160;A Preferred Shares in the share capital of SM Cayman
    with a nominal or par value of US$0.0001 per share.
</DIV>

<DIV style="margin-top: 4pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <I>&#147;Series&#160;B Preferred&#148;</I> means the redeemable
    Series&#160;B Preferred Shares in the share capital of SM Cayman
    with a nominal or par value of US$0.0001 per share.
</DIV>

<DIV style="margin-top: 4pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <I>&#147;Series&#160;C Preferred&#148;</I> means the redeemable
    Series&#160;C Preferred Shares in the share capital of SM Cayman
    with a nominal or par value of US$0.0001 per share.
</DIV>

<DIV style="margin-top: 4pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <I>&#147;Series&#160;C Warrants&#148;</I> means that certain
    equity securities purchase warrant issued by SM Cayman to Linden
    Ventures on March&#160;17, 2008.
</DIV>

<DIV style="margin-top: 4pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <I>&#147;Series&#160;D Financing&#148;</I> has the meaning set
    forth in Section&#160;12.9 of the Agreement.
</DIV>

<DIV style="margin-top: 4pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <I>&#147;Share Exchange&#148;</I> has the meaning set forth in
    the background to the Agreement.
</DIV>

<DIV style="margin-top: 4pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <I>&#147;SM Balance Sheet&#148;</I> has the meaning set forth in
    Section&#160;7.9 of the Agreement.
</DIV>

<DIV style="margin-top: 4pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <I>&#147;SM Cayman&#148;</I> has the meaning set forth in
    <I>Schedule&#160;A </I>to the Agreement.
</DIV>

<DIV style="margin-top: 4pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <I>&#147;SM Constituent Instruments&#148;</I> means the Company
    Memorandum together with SM Cayman&#146;s statutory registers
    and such constituent instruments of other Group Companies as may
    exist, each as amended to the date of the Agreement.
</DIV>

<DIV style="margin-top: 4pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <I>&#147;SM Disclosure Schedule&#148;</I> has the meaning set
    forth in Article&#160;VII of the Agreement.
</DIV>

<DIV style="margin-top: 4pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <I>&#147;SM Entities&#148;</I> and <I>&#147;SM Entity&#148;</I>
    have the meaning set forth in the preamble to the Agreement.
</DIV>

<DIV style="margin-top: 4pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <I>&#147;SM Financial Statements&#148;</I> has the meaning set
    forth in Section&#160;7.7(a) of the Agreement.
</DIV>

<DIV style="margin-top: 4pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <I>&#147;SM Indemnified Parties&#148;</I> has the meaning set
    forth in Section&#160;14.3(a) of the Agreement.
</DIV>

<DIV style="margin-top: 4pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <I>&#147;SM Institutional Shareholders&#148;</I> means the
    following SM Shareholders and SM Warrantholders: China Seed
    Ventures Management Limited, Deutsche Bank AG, Hong Kong Branch,
    Gentfull Investment Limited and Gavast Estates Limited.
</DIV>

<DIV style="margin-top: 4pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <I>&#147;SM Ordinary Shares&#148;</I> means the ordinary shares
    in the capital of SM Cayman, par value US$0.0001 per share.
</DIV>

<DIV style="margin-top: 4pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <I>&#147;SM Option&#148;</I> has the meaning set forth in
    Section&#160;5.1(d)(ii) of the Agreement.
</DIV>

<DIV style="margin-top: 4pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <I>&#147;SM Party&#148;</I> or &#147;<I>SM Parties&#148;</I> has
    the meaning set forth in the preamble to the Agreement.
</DIV>

<DIV style="margin-top: 4pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <I>&#147;SM Preferred Shares&#148;</I> means all shares of the
    Series&#160;A Preferred, Series&#160;B Preferred and
    Series&#160;C Preferred.
</DIV>

<DIV style="margin-top: 4pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <I>&#147;SM Restricted Shares&#148;</I> means all SM Shares
    which may be granted under the Option Plan pursuant to an SM
    Restricted Shares Award.
</DIV>

<DIV style="margin-top: 4pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <I>&#147;SM Restricted Shares Award&#148;</I> has the meaning
    set forth in Section&#160;5.1(c) of the Agreement.
</DIV>

<DIV style="margin-top: 4pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <I>&#147;SM Shareholder(s)&#148;</I> has the meaning set forth
    in the preamble to the Agreement.
</DIV>

<P align="center" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <BR>
    A-1-71
</DIV><!-- END PAGE WIDTH -->
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<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>

<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <I>&#147;SM Shareholders&#146; Representatives&#148;</I> has the
    meaning set forth in Section&#160;16.5(a) of the Agreement.
</DIV>

<DIV style="margin-top: 4pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <I>&#147;SM Shares&#148;</I> means the SM Ordinary Shares
    (including the Other SM Shares) and SM Preferred Shares.
</DIV>

<DIV style="margin-top: 4pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <I>&#147;SM Superior Proposal&#148;</I> means any bona fide
    (i)&#160;proposal or offer for a merger, scheme of arrangement,
    consolidation, dissolution, recapitalization or other business
    combination involving SM Cayman, (ii)&#160;proposal for the
    issuance by SM Cayman of over 50% of the SM Ordinary Shares as
    consideration for the assets or securities of another Person or
    (iii)&#160;proposal or offer (including a merger, tender offer
    or exchange offer) to acquire in any manner, directly or
    indirectly, over 50% of the SM Ordinary Shares or consolidated
    total assets of SM Cayman, in each case other than the
    Transactions, made by a third party, and which is otherwise on
    terms and conditions which the board of directors of SM Cayman
    or any committee thereof determines in its reasonable judgment
    (after consultation with financial advisors) to be more
    favorable to holders of SM Ordinary Shares than the Transactions.
</DIV>

<DIV style="margin-top: 4pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <I>&#147;SM Warrantholder&#148;</I> has the meaning set forth in
    the Background to the Agreement.
</DIV>

<DIV style="margin-top: 4pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <I>&#147;SM Warrants&#148;</I> means the warrants granted by SM
    Cayman to purchase SM Shares at the prices and on the other
    terms set forth therein.
</DIV>

<DIV style="margin-top: 4pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <I>&#147;Sponsor Entity&#148;</I> has the meaning set forth in
    Section&#160;12.10(a) of the Agreement.
</DIV>

<DIV style="margin-top: 4pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <I>&#147;Sponsor Purchase Commitment Amount&#148;</I> has the
    meaning set forth in Section&#160;12.10 (a)&#160;of the
    Agreement.
</DIV>

<DIV style="margin-top: 4pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <I>&#147;Sponsor Purchases&#148;</I> has the meaning set forth
    in Section&#160;12.10 (a)&#160;of the Agreement.
</DIV>

<DIV style="margin-top: 4pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <I>&#147;Stockholder Approval&#148; </I>has the meaning set
    forth in Section&#160;11.1(a) of the Agreement.
</DIV>

<DIV style="margin-top: 4pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <I>&#147;Stockholders&#146; Meeting&#148;</I> has the meaning
    set forth in Section&#160;11.1(a) of the Agreement.
</DIV>

<DIV style="margin-top: 4pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <I>&#147;Subject Shares&#148;</I> has the meaning set forth in
    Section&#160;12.10(b) of the Agreement.
</DIV>

<DIV style="margin-top: 4pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <I>&#147;Subsidiary&#148;</I> an entity shall be deemed to be a
    <I>&#147;Subsidiary&#148;</I> of another Person if such Person
    directly or indirectly owns, beneficially or of record,
    (a)&#160;an amount of voting securities or other interests in
    such entity that is sufficient to enable such Person to elect at
    least a majority of the members of such entity&#146;s board of
    directors or other governing body, or (b)&#160;at least 50% of
    the outstanding equity or financial interests of such entity.
</DIV>

<DIV style="margin-top: 4pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <I>&#147;Subway Placement Contract&#148;</I> means a Contract
    between a Group Company and a Governmental Authority or other
    operator or manager of a public transit system or any
    advertising company that has obtained the rights to sell or
    lease advertising space on such public transit system, in which
    any Group Company has obtained a location on such mass transit
    system (or any part thereof) for the purpose of selling
    advertising or advertising times to advertisers.
</DIV>

<DIV style="margin-top: 4pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <I>&#147;Survival Period&#148;</I> has the meaning set forth in
    Section&#160;14.1 of the Agreement.
</DIV>

<DIV style="margin-top: 4pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <I>&#147;Surviving Corporation&#148;</I> has the meaning set
    forth in Section&#160;1.1 of the Agreement.
</DIV>

<DIV style="margin-top: 4pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <I>&#147;Tail Policy&#148;</I> has the meaning set forth in
    Section&#160;12.6 of this Agreement.
</DIV>

<DIV style="margin-top: 4pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <I>&#147;Tangible Personal Property&#148;</I> has the meaning
    set forth in Section&#160;7.12(b) of the Agreement.
</DIV>

<DIV style="margin-top: 4pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <I>&#147;Tax Benefit&#148;</I> has the meaning set forth in
    Section&#160;14.6 of the Agreement.
</DIV>

<DIV style="margin-top: 4pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <I>&#147;Tax Return&#148;</I> means all federal, state, local,
    provincial and foreign Tax returns, declarations, statements,
    reports, schedules, forms and information returns and any
    amended Tax return relating to Taxes.
</DIV>

<DIV style="margin-top: 4pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <I>&#147;Taxes&#148;</I> includes all forms of taxation,
    whenever created or imposed, and whether of the United States or
    elsewhere, and whether imposed by a local, municipal,
    governmental, state, foreign, federal or other Governmental
    Authority, or in connection with any agreement with respect to
    Taxes, including all interest, penalties and additions imposed
    with respect to such amounts.
</DIV>

<DIV style="margin-top: 4pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <I>&#147;Trade Secrets&#148;</I> means all trade secrets under
    applicable law and other rights in know-how and confidential or
    proprietary information, processing, manufacturing or marketing
    information, including new developments, inventions, processes,
    ideas or other proprietary information that provides advantages
    over competitors who do not know or use&#160;it.
</DIV>

<P align="center" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <BR>
    A-1-72
</DIV><!-- END PAGE WIDTH -->
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<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <I>&#147;Transaction Documents&#148;</I> shall have the meaning
    set forth in Section&#160;6.3 of the Agreement.
</DIV>

<DIV style="margin-top: 4pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <I>&#147;Transactions&#148;</I> has the meaning set forth in
    Section&#160;6.1 of the Agreement.
</DIV>

<DIV style="margin-top: 4pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <I>&#147;Trust&#160;Account&#148;</I> has the meaning set forth
    in Section&#160;10.8 of the Agreement.
</DIV>

<DIV style="margin-top: 4pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <I>&#147;U.S.&#160;GAAP&#148;</I> means generally accepted
    accounting principles of the United States.
</DIV>

<DIV style="margin-top: 4pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <I>&#147;Unaffiliated Accountants&#148;</I> has the meaning set
    forth in Section&#160;5.2(b)(v) of the Agreement.
</DIV>

<DIV style="margin-top: 4pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <I>&#147;Unaudited Financial Statements&#148;</I> has the
    meaning set forth in Section&#160;7.7(a) of the Agreement.
</DIV>

<DIV style="margin-top: 4pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <I>&#147;Unearned Portion&#148;</I> has the meaning set forth in
    Section&#160;5.2(b)(ii) of the Agreement.
</DIV>

<DIV style="margin-top: 4pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <I>&#147;VIE Contracts&#148;</I> means the Loan Agreement dated
    September&#160;10, 2007, between Jieli Consulting and the
    shareholders of Jingli Shanghai, the Exclusive Technology
    Consulting and Service Agreement dated September&#160;10, 2007,
    between Jieli Consulting and Jingli Shanghai, the Exclusive Call
    Option Agreement dated September&#160;10, 2007, among Jingli
    Shanghai, its shareholders and Jieli Consulting, the Equity
    Pledge Agreement dated September&#160;10, 2007, among Jingli
    Shanghai, its shareholders and Jieli Consulting and the Power of
    Attorney dated September&#160;10, 2007, by the shareholders of
    Jieli Consulting.
</DIV>

<DIV style="margin-top: 4pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <I>&#147;Voting Agreement&#148;</I> means the voting agreement
    among Ideation, the ID Significant Shareholders, the SM
    Shareholders and the SM Warrantholders (excluding DB) in the
    form of <I>Exhibit&#160;H </I>to the Agreement.
</DIV>

<DIV style="margin-top: 4pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <I>&#147;Voting Ideation Debt&#148;</I> has the meaning set
    forth in Section&#160;8.1(c) of the Agreement.
</DIV>

<DIV style="margin-top: 4pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <I>&#147;Voting Jingli Debt&#148;</I> has the meaning set forth
    in Section&#160;7.4(b) of the Agreement.
</DIV>

<DIV style="margin-top: 4pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <I>&#147;Voting SM Debt&#148;</I> has the meaning set forth in
    Section&#160;7.1(b) of the Agreement.
</DIV>

<P align="center" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <BR>
    A-1-73
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<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->

<DIV align="center" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">SCHEDULE&#160;A</FONT></B>
</DIV>

<DIV style="margin-top: 4pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><U><FONT style="font-family: 'Times New Roman', Times">SM
    Entities</FONT></U></B>
</DIV>

<DIV style="margin-top: 4pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    SEARCHMEDIA INTERNATIONAL LIMITED, an exempted limited company
    incorporated under the laws of the Cayman Islands
    <B><I>(&#147;SM Cayman&#148;)</I></B>
</DIV>

<DIV style="margin-top: 4pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    JIELI INVESTMENT MANAGEMENT CONSULTING (SHANGHAI) CO., LTD.
    <IMG src="g18264a4g1826405.gif" alt=""> a company incorporated under the
    laws of the PRC <B><I>(&#147;Jieli Consulting&#148;)</I></B>
</DIV>

<DIV style="margin-top: 4pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    JIELI NETWORK TECHNOLOGY DEVELOPMENT (SHANGHAI) CO., LTD.
    <IMG src="g18264a4g1826406.gif" alt=""> , a company incorporated under
    the laws of the PRC <B><I>(&#147;Jieli Technology&#148;)</I></B>
</DIV>

<DIV style="margin-top: 4pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    AD-ICON COMPANY LIMITED, a company incorporated under the laws
    of Hong Kong
</DIV>

<DIV style="margin-top: 4pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    GREAT TALENT HOLDINGS LIMITED, a company incorporated under the
    laws of Hong Kong
</DIV>

<DIV style="margin-top: 4pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    SHANGHAI JINGLI ADVERTISING CO., LTD.
    <IMG src="g18264a4g1826407.gif" alt=""> , a company incorporated under
    the Legal Requirements of the PRC <B><I>(&#147;Jingli
    Shanghai&#148;)</I></B>
</DIV>

<P align="center" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <BR>
    A-1-74
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<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->

<DIV align="center" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">SCHEDULE&#160;B</FONT></B>
</DIV>

<DIV style="margin-top: 8pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">SM Share
    Ownership*</FONT></B>
</DIV>

<DIV style="margin-top: 4pt; font-size: 1pt">&nbsp;</DIV>

<TABLE border="0" width="100%" align="center" cellpadding="0" cellspacing="0" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
<!-- Table Width Row BEGIN -->
<TR style="font-size: 1pt" valign="bottom">
    <TD width="68%">&nbsp;</TD>	<!-- colindex=01 type=maindata -->
    <TD width="2%">&nbsp;</TD>	<!-- colindex=02 type=gutter -->
    <TD width="1%" align="right">&nbsp;</TD>	<!-- colindex=02 type=lead -->
    <TD width="10%" align="right">&nbsp;</TD>	<!-- colindex=02 type=body -->
    <TD width="1%" align="left">&nbsp;</TD>	<!-- colindex=02 type=hang1 -->
    <TD width="3%">&nbsp;</TD>	<!-- colindex=03 type=gutter -->
    <TD width="1%" align="right">&nbsp;</TD>	<!-- colindex=03 type=lead -->
    <TD width="13%" align="right">&nbsp;</TD>	<!-- colindex=03 type=body -->
    <TD width="1%" align="left">&nbsp;</TD>	<!-- colindex=03 type=hang1 -->
</TR>
<!-- Table Width Row END -->
<TR style="font-size: 8pt" valign="bottom" align="center">
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>Number of SM<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>Percentage<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom" align="center">
<TD nowrap align="left" valign="bottom">
<DIV style="border-bottom: 1px solid #000000; width: 1%; padding-bottom: 1px">
    <B>SM Shareholder</B>
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    <B>Shares Held**</B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    <B>Ownership Interest</B>
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR style="line-height: 3pt; font-size: 1pt">
<TD>&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Deutsche Bank AG
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    32,727,272
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    32.2
</TD>
<TD nowrap align="left" valign="bottom">
    %
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    China Seed Ventures
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    20,623,780
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    20.3
</TD>
<TD nowrap align="left" valign="bottom">
    %
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Qinying Liu
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    15,159,500
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    14.9
</TD>
<TD nowrap align="left" valign="bottom">
    %
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Le Yang
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    14,162,000
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    13.9
</TD>
<TD nowrap align="left" valign="bottom">
    %
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Gavast Estates
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    12,727,273
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    12.5
</TD>
<TD nowrap align="left" valign="bottom">
    %
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Gentfull Investment
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    5,454,544
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    5.4
</TD>
<TD nowrap align="left" valign="bottom">
    %
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 20pt">
    <B>Total Signing</B>
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    <B>100,854,369</B>
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    <B>99.2</B>
</TD>
<TD nowrap align="left" valign="bottom">
    <B>%</B>
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Jianxun Wang(1)
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    798,000
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    0.8
</TD>
<TD nowrap align="left" valign="bottom">
    %
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 20pt">
    <B>Total</B>
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    <B>101,652,369</B>
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    <B>100.0</B>
</TD>
<TD nowrap align="left" valign="bottom">
    <B>%</B>
</TD>
</TR>
</TABLE>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">

</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV style="font-size: 1pt; margin-left: 0%; width: 13%;  align: left; border-bottom: 1pt solid #000000"></DIV><!-- callerid=999 iwidth=456 length=60 -->

<DIV style="margin-top: 3pt; font-size: 1pt">&nbsp;</DIV>



<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">

<TR>
    <TD width="2%"></TD>
    <TD width="1%"></TD>
    <TD width="97%"></TD>
</TR>

<TR>
    <TD align="right" valign="top">
    *&#160;</TD>
    <TD></TD>
    <TD valign="bottom">
    Does not reflect outstanding options issued under the ESOP.</TD>
</TR>


<TR style="line-height: 3pt; font-size: 1pt"><TD>&nbsp;</TD></TR>

<TR>
    <TD align="right" valign="top">
    ** </TD>
    <TD></TD>
    <TD valign="bottom">
    Reflects the number of SM Ordinary Shares held by each SM
    Shareholder after giving effect to the Preferred Conversion.</TD>
</TR>


<TR style="line-height: 3pt; font-size: 1pt"><TD>&nbsp;</TD></TR>

<TR>
    <TD align="right" valign="top">
    (1) </TD>
    <TD></TD>
    <TD valign="bottom">
    Non-signing shareholder.</TD>
</TR>

</TABLE>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">SM
    Warrant Ownership*</FONT></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<TABLE border="0" width="100%" align="center" cellpadding="0" cellspacing="0" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
<!-- Table Width Row BEGIN -->
<TR style="font-size: 1pt" valign="bottom">
    <TD width="83%">&nbsp;</TD>	<!-- colindex=01 type=maindata -->
    <TD width="2%">&nbsp;</TD>	<!-- colindex=02 type=gutter -->
    <TD width="1%" align="right">&nbsp;</TD>	<!-- colindex=02 type=lead -->
    <TD width="13%" align="right">&nbsp;</TD>	<!-- colindex=02 type=body -->
    <TD width="1%" align="left">&nbsp;</TD>	<!-- colindex=02 type=hang1 -->
</TR>
<!-- Table Width Row END -->
<TR style="font-size: 8pt" valign="bottom" align="center">
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>Number of SM<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom" align="center">
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>Shares Underlying<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom" align="center">
<TD nowrap align="left" valign="bottom">
<DIV style="border-bottom: 1px solid #000000; width: 1%; padding-bottom: 1px">
    <B>SM Warrantholder</B>
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    <B>Warrants</B>
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR style="line-height: 3pt; font-size: 1pt">
<TD>&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    China Seed Ventures
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    12,670,568
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Linden Ventures II
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    5,875,637
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Deutsche Bank AG
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    3,794,546
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Qinying Liu
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    33,142
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Le Yang
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    33,142
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Xuebao Yang
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    33,142
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Jianhai Huang
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    33,142
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Min Wu
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    33,142
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 20pt">
    <B>Total</B>
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    <B>22,506,461</B>
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
</TABLE>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">

</DIV>

<P align="center" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <BR>
    A-1-75
</DIV><!-- END PAGE WIDTH -->
<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>

<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->

<DIV align="center" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times"><FONT style="white-space: nowrap">SCHEDULE&#160;B-1</FONT></FONT></B>
</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">SM Share
    Ownership*</FONT></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<TABLE border="0" width="100%" align="center" cellpadding="0" cellspacing="0" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
<!-- Table Width Row BEGIN -->
<TR style="font-size: 1pt" valign="bottom">
    <TD width="68%">&nbsp;</TD>	<!-- colindex=01 type=maindata -->
    <TD width="2%">&nbsp;</TD>	<!-- colindex=02 type=gutter -->
    <TD width="1%" align="right">&nbsp;</TD>	<!-- colindex=02 type=lead -->
    <TD width="10%" align="right">&nbsp;</TD>	<!-- colindex=02 type=body -->
    <TD width="1%" align="left">&nbsp;</TD>	<!-- colindex=02 type=hang1 -->
    <TD width="3%">&nbsp;</TD>	<!-- colindex=03 type=gutter -->
    <TD width="1%" align="right">&nbsp;</TD>	<!-- colindex=03 type=lead -->
    <TD width="13%" align="right">&nbsp;</TD>	<!-- colindex=03 type=body -->
    <TD width="1%" align="left">&nbsp;</TD>	<!-- colindex=03 type=hang1 -->
</TR>
<!-- Table Width Row END -->
<TR style="font-size: 8pt" valign="bottom" align="center">
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>Number of SM<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>Percentage<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom" align="center">
<TD nowrap align="left" valign="bottom">
<DIV style="border-bottom: 1px solid #000000; width: 1%; padding-bottom: 1px">
    <B>SM Shareholder</B>
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    <B>Shares Held**</B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    <B>Ownership Interest</B>
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR style="line-height: 3pt; font-size: 1pt">
<TD>&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Jianxun Wang
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    798,000
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    0.8
</TD>
<TD nowrap align="left" valign="bottom">
    %
</TD>
</TR>
</TABLE>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">

</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV style="font-size: 1pt; margin-left: 0%; width: 13%;  align: left; border-bottom: 1pt solid #000000"></DIV><!-- callerid=999 iwidth=456 length=60 -->

<DIV style="margin-top: 3pt; font-size: 1pt">&nbsp;</DIV>



<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">

<TR>
    <TD width="2%"></TD>
    <TD width="1%"></TD>
    <TD width="97%"></TD>
</TR>

<TR>
    <TD align="right" valign="top">
    *&#160;</TD>
    <TD></TD>
    <TD valign="bottom">
    Does not reflect outstanding options issued under the ESOP.</TD>
</TR>


<TR style="line-height: 3pt; font-size: 1pt"><TD>&nbsp;</TD></TR>

<TR>
    <TD align="right" valign="top">
    ** </TD>
    <TD></TD>
    <TD valign="bottom">
    Reflects the number of SM Ordinary Shares held by the
    Non-signing SM Shareholder after giving effect to the Preferred
    Conversion.</TD>
</TR>

</TABLE>

<P align="center" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <BR>
    A-1-76
</DIV><!-- END PAGE WIDTH -->
<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>

<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->

<DIV align="center" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">SCHEDULE&#160;C</FONT></B>
</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">Share
    Allocation&#160;&#151; Shareholders</FONT></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<TABLE border="0" width="100%" align="center" cellpadding="0" cellspacing="0" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
<!-- Table Width Row BEGIN -->
<TR style="font-size: 1pt" valign="bottom">
    <TD width="70%">&nbsp;</TD>	<!-- colindex=01 type=maindata -->
    <TD width="2%">&nbsp;</TD>	<!-- colindex=02 type=gutter -->
    <TD width="1%" align="right">&nbsp;</TD>	<!-- colindex=02 type=lead -->
    <TD width="10%" align="right">&nbsp;</TD>	<!-- colindex=02 type=body -->
    <TD width="1%" align="left">&nbsp;</TD>	<!-- colindex=02 type=hang1 -->
    <TD width="3%">&nbsp;</TD>	<!-- colindex=03 type=gutter -->
    <TD width="1%" align="right">&nbsp;</TD>	<!-- colindex=03 type=lead -->
    <TD width="11%" align="right">&nbsp;</TD>	<!-- colindex=03 type=body -->
    <TD width="1%" align="left">&nbsp;</TD>	<!-- colindex=03 type=hang1 -->
</TR>
<!-- Table Width Row END -->
<TR style="font-size: 8pt" valign="bottom" align="center">
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>Initial<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>Earn-out Shares<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom" align="center">
<TD nowrap align="left" valign="bottom">
<DIV style="border-bottom: 1px solid #000000; width: 1%; padding-bottom: 1px">
    <B>SM Shareholder</B>
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    <B>Share Payment</B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    <B>Percentage</B>
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR style="line-height: 3pt; font-size: 1pt">
<TD>&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Deutsche Bank AG
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    2,210,316
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    26.36
</TD>
<TD nowrap align="left" valign="bottom">
    %
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    China Seed Ventures
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    1,392,877
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    16.61
</TD>
<TD nowrap align="left" valign="bottom">
    %
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Qinying Liu
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    1,023,834
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    12.21
</TD>
<TD nowrap align="left" valign="bottom">
    %
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Le Yang
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    956,465
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    11.41
</TD>
<TD nowrap align="left" valign="bottom">
    %
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Gavast Estates
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    859,568
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    10.25
</TD>
<TD nowrap align="left" valign="bottom">
    %
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Gentfull Investment
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    368,386
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    4.39
</TD>
<TD nowrap align="left" valign="bottom">
    %
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 20pt">
    <B>Total Signing</B>
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    <B>6,811,446</B>
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    <B>81.23</B>
</TD>
<TD nowrap align="left" valign="bottom">
    <B>%</B>
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Jianxun Wang(1)
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    53,895
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    0.64
</TD>
<TD nowrap align="left" valign="bottom">
    %
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 20pt">
    <B>Total Shareholders</B>
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    <B>6,865,341</B>
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    <B>81.87</B>
</TD>
<TD nowrap align="left" valign="bottom">
    <B>%</B>
</TD>
</TR>
</TABLE>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">

</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">Share
    Allocation&#160;&#151; Warrantholders</FONT></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<TABLE border="0" width="100%" align="center" cellpadding="0" cellspacing="0" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
<!-- Table Width Row BEGIN -->
<TR style="font-size: 1pt" valign="bottom">
    <TD width="51%">&nbsp;</TD>	<!-- colindex=01 type=maindata -->
    <TD width="2%">&nbsp;</TD>	<!-- colindex=02 type=gutter -->
    <TD width="1%" align="right">&nbsp;</TD>	<!-- colindex=02 type=lead -->
    <TD width="15%" align="right">&nbsp;</TD>	<!-- colindex=02 type=body -->
    <TD width="1%" align="left">&nbsp;</TD>	<!-- colindex=02 type=hang1 -->
    <TD width="3%">&nbsp;</TD>	<!-- colindex=03 type=gutter -->
    <TD width="1%" align="right">&nbsp;</TD>	<!-- colindex=03 type=lead -->
    <TD width="9%" align="right">&nbsp;</TD>	<!-- colindex=03 type=body -->
    <TD width="1%" align="left">&nbsp;</TD>	<!-- colindex=03 type=hang1 -->
    <TD width="3%">&nbsp;</TD>	<!-- colindex=04 type=gutter -->
    <TD width="1%" align="right">&nbsp;</TD>	<!-- colindex=04 type=lead -->
    <TD width="11%" align="right">&nbsp;</TD>	<!-- colindex=04 type=body -->
    <TD width="1%" align="left">&nbsp;</TD>	<!-- colindex=04 type=hang1 -->
</TR>
<!-- Table Width Row END -->
<TR style="font-size: 8pt" valign="bottom" align="center">
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>Number of ID<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom" align="center">
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>Cayman Shares<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>Earn-out Shares<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom" align="center">
<TD nowrap align="left" valign="bottom">
<DIV style="border-bottom: 1px solid #000000; width: 1%; padding-bottom: 1px">
    <B>SM Warrantholder</B>
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    <B>Underlying Warrants</B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    <B>Exercise Price</B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    <B>Percentage</B>
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR style="line-height: 3pt; font-size: 1pt">
<TD>&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    China Seed Ventures&#160;&#151; Series&#160;A
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    675,375
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    1.48
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    8.05
</TD>
<TD nowrap align="left" valign="bottom">
    %
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    China Seed Ventures&#160;&#151; Series&#160;B
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    33,769
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    8.14
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    0.40
</TD>
<TD nowrap align="left" valign="bottom">
    %
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    China Seed Ventures&#160;&#151; Series&#160;C
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    79,443
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    6.51
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    0.95
</TD>
<TD nowrap align="left" valign="bottom">
    %
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    China Seed Ventures&#160;&#151; DB Transferred
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    67,152
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    0.0001
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    0.80
</TD>
<TD nowrap align="left" valign="bottom">
    %
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Linden Ventures II
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    396,826
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    6.30
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    4.73
</TD>
<TD nowrap align="left" valign="bottom">
    %
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Deutsche Bank AG
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    256,274
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    8.14
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    3.06
</TD>
<TD nowrap align="left" valign="bottom">
    %
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Qinying Liu
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    2,239
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    0.0001
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    0.03
</TD>
<TD nowrap align="left" valign="bottom">
    %
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Le Yang
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    2,239
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    0.0001
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    0.03
</TD>
<TD nowrap align="left" valign="bottom">
    %
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Xuebao Yang
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    2,239
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    0.0001
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    0.03
</TD>
<TD nowrap align="left" valign="bottom">
    %
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Jianhai Huang
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    2,239
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    0.0001
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    0.03
</TD>
<TD nowrap align="left" valign="bottom">
    %
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Min Wu
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    2,239
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    0.0001
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    0.03
</TD>
<TD nowrap align="left" valign="bottom">
    %
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 20pt">
    <B>Total Warrantholders</B>
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    <B>1,520,034</B>
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    <B>18.13</B>
</TD>
<TD nowrap align="left" valign="bottom">
    <B>%</B>
</TD>
</TR>
</TABLE>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">

</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV style="font-size: 1pt; margin-left: 0%; width: 13%;  align: left; border-bottom: 1pt solid #000000"></DIV><!-- callerid=999 iwidth=456 length=60 -->

<DIV style="margin-top: 3pt; font-size: 1pt">&nbsp;</DIV>



<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">

<TR>
    <TD width="2%"></TD>
    <TD width="1%"></TD>
    <TD width="97%"></TD>
</TR>

<TR>
    <TD align="right" valign="top">
    (1) </TD>
    <TD></TD>
    <TD valign="bottom">
    Non-signing shareholder.</TD>
</TR>

</TABLE>

<P align="center" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <BR>
    A-1-77
</DIV><!-- END PAGE WIDTH -->
<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>

<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->

<DIV align="center" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">SCHEDULE&#160;9.5</FONT></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">OTHER
    PRE-CLOSING COVENANTS</FONT></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    1.&#160;&#160;<I>Circular No.&#160;75
    Registration</I>.&#160;&#160;Complete the Circular No.&#160;75
    registration with the local SAFE branch with respect to
    Ms.&#160;Liu and Ms.&#160;Yang through the closing of SM
    Cayman&#146;s sale of Series&#160;C Preferred Shares.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    2.&#160;&#160;<I>Registration of Equity
    Pledge</I>.&#160;&#160;Register with the competent SAIC the
    equity pledge set forth in the Equity Pledge Agreement by and
    among Jieli Consulting, Jingli Shanghai and its shareholders
    contained in the VIE Contracts.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    3.&#160;&#160;<I>Acquisition Agreements</I>.&#160;&#160;Amend
    the acquisition agreement for each Subsidiary of Jingli Shanghai
    to provide (to the extent it does not already do so) for all
    earn-outs or other contingent payments to be made in cash in
    compliance with all applicable Legal Requirements in all
    material aspects.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    4.&#160;&#160;<I>Power of Attorney</I>.&#160;&#160;Amend the
    Power of Attorney contained in the VIE Contracts to provide
    Jieli Consulting with the right to change the agent under such
    Power of Attorney.
</DIV>

<P align="center" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <BR>
    A-1-78
</DIV><!-- END PAGE WIDTH -->
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<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>

<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->

<DIV align="center" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">SCHEDULE&#160;13.2(m)</FONT></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">SM
    PARTIES REQUIRED CONSENTS</FONT></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="4%"></TD>
    <TD width="2%"></TD>
    <TD width="94%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    Completion of registration with the Shanghai Branch of SAFE by
    the PRC resident shareholders of SM Cayman, with respect to the
    issuance of Series&#160;C Preferred by SM Cayman, the
    acquisition of Ad-Icon Company Limited by SM Cayman and the
    incorporation of Great Talent Holding Limited.
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    The written consent of DB, pursuant to the Fourth Amended and
    Restated Memorandum and Articles of Association of SM Cayman (as
    amended on March&#160;28, 2009)&#160;and the Amended and
    Restated Shareholders Agreement of SM Cayman dated
    March&#160;23, 2009.
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    Approval of the execution of the Agreement and the consummation
    of the Transactions by the board of directors and the
    shareholders of SM Cayman pursuant to the provisions of the
    Fourth Amended and Restated Memorandum and Articles of
    Association of SM Cayman (as amended on March&#160;28,
    2009)&#160;and the Amended and Restated Shareholders Agreement
    of SM Cayman dated March&#160;23, 2009.
</TD>
</TR>

</TABLE>

<P align="center" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <BR>
    A-1-79
</DIV><!-- END PAGE WIDTH -->
<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>

<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->

<DIV align="center" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">List of
    Schedules to the Agreement and Plan of Merger, Conversion and
    Share Exchange</FONT></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<TABLE border="0" width="100%" align="center" cellpadding="0" cellspacing="0" style="font-size: 9pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
<!-- Table Width Row BEGIN -->
<TR style="font-size: 1pt" valign="bottom">
    <TD width="16%">&nbsp;</TD>	<!-- colindex=01 type=maindata -->
    <TD width="1%">&nbsp;</TD>	<!-- colindex=02 type=gutter -->
    <TD width="83%">&nbsp;</TD>	<!-- colindex=02 type=maindata -->
</TR>
<!-- Table Width Row END -->
<TR valign="bottom" style="background: #CCEEFF">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -9pt; margin-left: 9pt">
    Schedule A
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD align="left" valign="top">
    List of SM Entities
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -9pt; margin-left: 9pt">
    Schedule B
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD align="left" valign="top">
    SM Cayman Share Ownership and SM Cayman Warrant Ownership
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -9pt; margin-left: 9pt">
    Schedule B-1
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD align="left" valign="top">
    Other SM Cayman Share Ownership
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -9pt; margin-left: 9pt">
    Schedule C
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD align="left" valign="top">
    ID Cayman Share Allocation Among SM Cayman Shareholders and
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD align="left" valign="top">
    SM Cayman Warrantholders
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -9pt; margin-left: 9pt">
    Schedule D
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD align="left" valign="top">
    SM Cayman Disclosure Schedules:
</TD>
</TR>
<TR valign="bottom" style="line-height: 6pt">
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="top">
    Section&#160;7.1(a)&#160;&#151; Shares
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD align="left" valign="top">
    Section&#160;7.1(b)&#160;&#151; Capital Structure
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="top">
    Section&#160;7.4(a)&#160;&#151; Subsidiaries
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD align="left" valign="top">
    Section&#160;7.4(b)&#160;&#151; Registered Capital of Jingli
    Shanghai
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD align="left" valign="top">
    Section&#160;7.4(c)&#160;&#151; Subsidiaries of Jingli Shanghai
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD align="left" valign="top">
    Section&#160;7.4(d)&#160;&#151; Registered Capital of Group
    Companies
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD align="left" valign="top">
    Section&#160;7.5&#160;&#151;  No Conflicts
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD align="left" valign="top">
    Section&#160;7.6&#160;&#151; Consents and Approvals
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD align="left" valign="top">
    Section&#160;7.8(a)&#160;&#151; Consents and Approvals
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD align="left" valign="top">
    Section&#160;7.8(c)&#160;&#151; Absence of Certain Changes or
    Events
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD align="left" valign="top">
    Section&#160;7.8(d)&#160;&#151; Absence of Certain Changes or
    Events
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD align="left" valign="top">
    Section&#160;7.8(i)&#160;&#151; Absence of Certain Changes or
    Events
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD align="left" valign="top">
    Section&#160;7.8(j)&#160;&#151; Absence of Certain Changes or
    Events
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD align="left" valign="top">
    Section&#160;7.9&#160;&#151; No Undisclosed Liabilities
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="top">
    Section&#160;7.10&#160;&#151; Litigation
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD align="left" valign="top">
    Section&#160;7.11&#160;&#151; Licenses, Permits, Etc.
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD align="left" valign="top">
    Section&#160;7.12(a)&#160;&#151; Real Property
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD align="left" valign="top">
    Section&#160;7.13&#160;&#151; Intellectual Property
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="top">
    Section&#160;7.14(b)&#160;&#151; Taxes
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD align="left" valign="top">
    Section&#160;7.15(a)&#160;&#151; Benefit Plans
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD align="left" valign="top">
    Section&#160;7.16&#160;&#151; Transactions With Affiliates and
    Employees
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD align="left" valign="top">
    Section&#160;7.18(a)&#160;&#151; Material Contracts
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD align="left" valign="top">
    Section&#160;7.18(b)&#160;&#151; Material Contracts
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="top">
    Section&#160;7.21&#160;&#151; Brokers
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD align="left" valign="top">
    Section&#160;7.23&#160;&#151; Additional PRC Representations and
    Warranties
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD align="left" valign="top">
    Section&#160;9.1(a)&#160;&#151; Covenants of SM Parties
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD align="left" valign="top">
    Section&#160;9.1(d)&#160;&#151; Covenants of SM Parties
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD align="left" valign="top">
    Section&#160;9.l(e)&#160;&#151; Covenants of SM Parties
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD align="left" valign="top">
    Section&#160;9.1(k)&#160;&#151; Covenants of SM Parties
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -9pt; margin-left: 9pt">
    Schedule E
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD align="left" valign="top">
    Ideation Disclosure Schedules:
</TD>
</TR>
<TR valign="bottom" style="line-height: 6pt">
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD align="left" valign="top">
    Section&#160;8.1(a)&#160;&#151; Capital Structure
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD align="left" valign="top">
    Section&#160;8.1(b)&#160;&#151; Capital Structure
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD align="left" valign="top">
    Section&#160;8.1(c)&#160;&#151; Capital Structure
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD align="left" valign="top">
    Section&#160;8.1(d)&#160;&#151; Capital Structure
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD align="left" valign="top">
    Section&#160;8.5&#160;&#151; No Conflicts
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD align="left" valign="top">
    Section&#160;8.14&#160;&#151; Broker&#146;s and Finder&#146;s
    Fees
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD align="left" valign="top">
    Section&#160;8.18&#160;&#151; AMEX Listing
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD align="left" valign="top">
    Section&#160;8.21(a)&#160;&#151; Material Contracts
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="top">
    Section&#160;8.22(b)&#160;&#151; Taxes
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD align="left" valign="top">
    Section&#160;9.2&#160;&#151; Covenants of Ideation
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -9pt; margin-left: 9pt">
    Schedule 9.5
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD align="left" valign="top">
    Other Pre-Closing Covenants
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -9pt; margin-left: 9pt">
    Schedule 13.1(q)
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD align="left" valign="top">
    Ideation Required Consents
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -9pt; margin-left: 9pt">
    Schedule 13.2(m)
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD align="left" valign="top">
    SM Parties Required Consents
</TD>
</TR>
</TABLE>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">

</DIV>

<P align="center" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <BR>
    A-1-80
</DIV><!-- END PAGE WIDTH -->
<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>

<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->

<DIV align="right" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">Annex&#160;A-2</FONT></B>
</DIV>

<DIV style="margin-top: 18pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">FIRST
    AMENDMENT TO</FONT></B>
</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <B>AGREEMENT AND PLAN OF MERGER, CONVERSION AND SHARE
    EXCHANGE</B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    This <B>FIRST AMENDMENT TO AGREEMENT AND PLAN OF MERGER,
    CONVERSION AND SHARE EXCHANGE
    </B>(&#147;<B><I>Amendment</I></B>&#148;) effective this
    27th&#160;day of May, 2009, is by and among IDEATION ACQUISITION
    CORP., a corporation incorporated in the State of Delaware, USA
    (&#147;<B><I>Ideation</I></B>&#148;), Earl Yen (the
    &#147;<B><I>CSV Representative</I></B>&#148;), Tommy Cheung and
    Stephen Lau (collectively, the &#147;<B><I>DB
    Representative</I></B>&#148;) and Qinying Liu (the
    &#147;<B><I>Management Shareholder Representative</I></B>&#148;
    and, together with the CSV Representative and the DB
    Representative, the &#147;<B><I>SM Shareholders&#146;
    Representatives</I></B>&#148;).
</DIV>

<DIV style="margin-top: 18pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">Recitals</FONT></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <B>WHEREAS, </B>Ideation and the SM Shareholders&#146;
    Representatives, along with the other parties thereto, have
    previously entered into that certain Agreement and Plan of
    Merger, Conversion and Share Exchange dated as of March&#160;31,
    2009 (the &#147;Agreement&#148;);&#160;and
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <B>WHEREAS</B>, in accordance with Section&#160;16.2 of the
    Agreement, Ideation and a majority of the SM Shareholders&#146;
    Representatives wish to amend the Agreement to reflect the terms
    set forth below.
</DIV>

<DIV style="margin-top: 18pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">Agreement</FONT></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <B>NOW, THEREFORE, </B>in consideration of the premises, the
    mutual covenants set forth herein, and for other good and
    valuable consideration, the receipt and sufficiency of which are
    hereby acknowledged, the parties hereby agree as follows:
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    1.&#160;The first sentence of Section&#160;16.2 of the Agreement
    is hereby deleted and replaced in its entirety as follows:
    &#147;No provision of this Agreement may be waived or amended
    except in a written instrument signed by Ideation and a majority
    of the SM Shareholders&#146; Representatives; <I>provided
    </I>that (a)&#160;any amendment to or waiver of any provision of
    the Linden Sections shall also require the consent of Linden
    Ventures and (b)&#160;any other amendment or waiver that,
    directly or indirectly, disproportionately affects Linden
    Ventures relative to the (i)&#160;SM Shareholders as a group,
    (ii)&#160;SM Warrantholders as a group, or (iii)&#160;SM
    Shareholders and SM Warrantholders together as a group, shall
    also require the consent of Linden Ventures, which shall not be
    unreasonably withheld. Linden Ventures shall be notified of all
    proposed and final amendments to the Agreement, regardless of
    whether or not Linden Venture&#146;s consent is required
    thereon, simultaneously with notification of such amendments to
    Ideation or the SM Shareholders&#146; Representatives.&#148;
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    2.&#160;The following defined term shall be added to
    Annex&#160;A of the Agreement in the appropriate location so as
    to place such defined term in the proper alphabetical order:
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 8%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    &#147;<I>Linden Sections</I>&#148; means the following sections
    and paragraphs of the Agreement: (a)&#160;Section&#160;5.1(b)
    (Warrants), Section&#160;5.1(e) (Interim Notes),
    Section&#160;6.3 (Additional Agreements&#160;&#151; as it
    relates to Linden Ventures&#146; New Warrant exercise price and
    <FONT style="white-space: nowrap">Lock-up</FONT>
    Agreement), Section&#160;12.9 (Series&#160;D or Other
    Financing), Section&#160;16.2 (Amendments; Waivers),
    Section&#160;16.5 (SM Shareholders&#146;
    Representatives&#160;&#151; only to the extent it applies to
    Linden Ventures), and Section&#160;16.9 (Entire Agreement; Third
    Party Beneficiaries); (b)&#160;the Preamble to Article&#160;VII
    (Representations and Warranties&#160;&#151; only to the extent
    it applies to Linden Ventures); (c)&#160;Article&#160;XIV
    (Indemnification&#160;&#151; only to the extent it applies to
    Linden Ventures); (d)&#160;Schedule&#160;B (to the extent it
    relates to Linden Ventures&#146; SM Warrant Ownership); and
    (e)&#160;Schedule&#160;C (Allocation of New Warrants to Linden
    Ventures).
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    3.&#160;Article&#160;29(a)(i) of Exhibit&#160;A to the Agreement
    is hereby amended and restated in its entirety as follows:
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 8%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    &#147;(i)&#160;Each outstanding Series&#160;A Preferred Share
    shall be convertible, (i)&#160;at the option of the holder
    thereof, at any time after six (6)&#160;months following the
    Series&#160;A Original Issue Date, by notice to the office of
    the Chairman of the Board or the president of the Company or any
    transfer agent for such
</DIV>

<P align="center" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <BR>
    A-2-1
</DIV><!-- END PAGE WIDTH -->
<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>

<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->

<DIV align="left" style="margin-left: 8%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Series&#160;A Preferred Shares or any other place as the Company
    and the converting holder mutually agree, and (ii)&#160;at the
    option of the Company and after eighteen (18)&#160;months
    following the Series&#160;A Original Issue Date, if for 20
    Trading Days within any period of 30 consecutive Trading Days
    ending three Trading Days prior to the date the Company delivers
    a notice to the Series&#160;A Preferred Holders of such
    conversion option, the Closing Price of the Ordinary Shares of
    the Company equals or exceeds US$11.50, into such number of
    fully-paid and non-assessable Ordinary Shares calculated in
    accordance with clause&#160;(ii) of this
    Article&#160;29(a).&#148;
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    4.&#160;Except as amended by the terms of this Amendment, the
    Agreement remains in full force and effect.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    5.&#160;Unless otherwise defined, capitalized terms used herein
    have the meanings given to them in the Agreement.
</DIV>

<DIV style="margin-top: 18pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <I><FONT style="font-family: 'Times New Roman', Times">[Signature
    Page&#160;Follows]</FONT></I>
</DIV>

<P align="center" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <BR>
    A-2-2
</DIV><!-- END PAGE WIDTH -->
<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>

<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <B>IN WITNESS WHEREOF</B>, the parties have executed this
    Amendment as of the date and year first set forth above.
</DIV>

<DIV style="margin-top: 24pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 49%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <B>IDEATION ACQUISITION CORP.</B>
</DIV>

<DIV style="margin-top: 48pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="49%"></TD>
    <TD width="4%"></TD>
    <TD width="47%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    By:&#160;
</TD>
    <TD align="left">
    <DIV style="display:inline; text-align:left;">/s/&#160;&#160;<FONT style="font-variant: SMALL-CAPS">Steven
    D. Rubin</FONT></DIV>
</TD>
</TR>

</TABLE>

<DIV style="font-size: 2pt; margin-left: 53%; width: 100%;  align: left; border-bottom: 1pt solid #000000"></DIV><!-- callerid=999 iwidth=456 length=0 -->

<DIV align="left" style="margin-left: 53%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Name:&#160;&#160;&#160;&#160;&#160;&#160;Steven D. Rubin
</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="53%"></TD>
    <TD width="12%"></TD>
    <TD width="35%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    Title:&#160;&#160;
</TD>
    <TD align="left">
    Secretary
</TD>
</TR>

</TABLE>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="49%"></TD>
    <TD width="16%"></TD>
    <TD width="35%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#160;&#160;&#160;&#160;Address:&#160;
</TD>
    <TD align="left">
    1990&#160;S.&#160;Bundy Drive, Suite&#160;620
</TD>
</TR>

</TABLE>

<DIV align="left" style="margin-left: 65%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Los Angeles, CA 90025
</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="49%"></TD>
    <TD width="16%"></TD>
    <TD width="35%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#160;&#160;&#160;&#160;Facsimile:&#160;
</TD>
    <TD align="left">
    <FONT style="white-space: nowrap">(310)&#160;861-5454</FONT>
</TD>
</TR>

</TABLE>

<DIV style="margin-top: 48pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 49%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <B>MANAGEMENT SHAREHOLDER REPRESENTATIVE:</B>
</DIV>

<DIV style="margin-top: 24pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 49%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <DIV style="display:inline; text-align:left;">/s/&#160;&#160;<FONT style="font-variant: SMALL-CAPS">Qinying
    Liu</FONT></DIV>
</DIV>

<DIV style="font-size: 2pt; margin-left: 49%; width: 100%;  align: left; border-bottom: 1pt solid #000000"></DIV><!-- callerid=999 iwidth=456 length=0 -->

<DIV align="left" style="margin-left: 49%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Name:&#160;&#160;&#160;&#160;&#160;Qinying Liu
</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="49%"></TD>
    <TD width="12%"></TD>
    <TD width="39%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    Address:&#160;
</TD>
    <TD align="left">
    Room&#160;4B, Yinglong Building
</TD>
</TR>

</TABLE>

<DIV align="left" style="margin-left: 61%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    No.&#160;1358 Yan An Road West
</DIV>

<DIV align="left" style="margin-left: 61%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Shanghai 200052, China
</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="49%"></TD>
    <TD width="12%"></TD>
    <TD width="39%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    Facsimile:&#160;
</TD>
    <TD align="left">
    +86
    <FONT style="white-space: nowrap">(21)&#160;6283-0552</FONT>
</TD>
</TR>

</TABLE>

<DIV style="margin-top: 48pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 49%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <B>CSV REPRESENTATIVE:</B>
</DIV>

<DIV style="margin-top: 24pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 49%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <DIV style="display:inline; text-align:left;">/s/&#160;&#160;<FONT style="font-variant: SMALL-CAPS">Earl
    Ching-Hwa Yen</FONT></DIV>
</DIV>

<DIV style="font-size: 2pt; margin-left: 49%; width: 100%;  align: left; border-bottom: 1pt solid #000000"></DIV><!-- callerid=999 iwidth=456 length=0 -->

<DIV align="left" style="margin-left: 49%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Name:&#160;&#160;&#160;&#160;&#160;Earl Ching-Hwa Yen
</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="49%"></TD>
    <TD width="12%"></TD>
    <TD width="39%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    Address:&#160;&#160;&#160;&#160;&#160;
</TD>
    <TD align="left">
    Rm. 104, Bldg.18
</TD>
</TR>

</TABLE>

<DIV align="left" style="margin-left: 61%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    No.&#160;800 Huashan Road
</DIV>

<DIV align="left" style="margin-left: 61%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Shanghai 200050, China
</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="49%"></TD>
    <TD width="12%"></TD>
    <TD width="39%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    Facsimile:&#160;
</TD>
    <TD align="left">
    +86
    <FONT style="white-space: nowrap">(21)&#160;6225-8573</FONT>
</TD>
</TR>

</TABLE>

<P align="center" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <BR>
    A-2-3
</DIV><!-- END PAGE WIDTH -->
<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>

<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->

<DIV align="left" style="margin-left: 61%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">

</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="49%"></TD>
    <TD width="12%"></TD>
    <TD width="39%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>
</TD>
    <TD align="left">
    <B>DB REPRESENTATIVE:</B>
</TD>
</TR>

</TABLE>

<DIV style="margin-top: 48pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 49%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <DIV style="display:inline; text-align:left;">/s/&#160;&#160;<FONT style="font-variant: SMALL-CAPS">Tommy
    Cheung</FONT></DIV>
</DIV>

<DIV style="font-size: 2pt; margin-left: 49%; width: 100%;  align: left; border-bottom: 1pt solid #000000"></DIV><!-- callerid=999 iwidth=456 length=0 -->

<DIV align="left" style="margin-left: 49%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Name:&#160;&#160;&#160;&#160;&#160;Tommy Cheung
</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="49%"></TD>
    <TD width="12%"></TD>
    <TD width="39%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    Address:&#160;&#160;&#160;&#160;&#160;
</TD>
    <TD align="left">
    56/F, Cheung Kong Center
</TD>
</TR>

</TABLE>

<DIV align="left" style="margin-left: 61%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    2 Queen&#146;s Road Central
</DIV>

<DIV align="left" style="margin-left: 61%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Hong Kong
</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="49%"></TD>
    <TD width="12%"></TD>
    <TD width="39%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    Facsimile:&#160;
</TD>
    <TD align="left">
    +852
    <FONT style="white-space: nowrap">2203-8304</FONT>
</TD>
</TR>

</TABLE>

<DIV style="margin-top: 24pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 49%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <DIV style="display:inline; text-align:left;">/s/&#160;&#160;<FONT style="font-variant: SMALL-CAPS">Stephen
    Lau</FONT></DIV>
</DIV>

<DIV style="font-size: 2pt; margin-left: 49%; width: 100%;  align: left; border-bottom: 1pt solid #000000"></DIV><!-- callerid=999 iwidth=456 length=0 -->

<DIV align="left" style="margin-left: 49%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Name:&#160;&#160;&#160;&#160;&#160;Stephen Lau
</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="49%"></TD>
    <TD width="12%"></TD>
    <TD width="39%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    Address:&#160;&#160;&#160;&#160;&#160;
</TD>
    <TD align="left">
    56/F, Cheung Kong Center
</TD>
</TR>

</TABLE>

<DIV align="left" style="margin-left: 61%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    2 Queen&#146;s Road Central
</DIV>

<DIV align="left" style="margin-left: 61%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Hong Kong
</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="49%"></TD>
    <TD width="12%"></TD>
    <TD width="39%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    Facsimile:&#160;
</TD>
    <TD align="left">
    +852
    <FONT style="white-space: nowrap">2203-8304</FONT>
</TD>
</TR>

</TABLE>

<P align="center" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <BR>
    A-2-4
</DIV><!-- END PAGE WIDTH -->
<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>

<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->

<DIV align="right" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times"><FONT style="white-space: nowrap">Annex&#160;A-3</FONT></FONT></B>
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    <B><FONT style="font-family: 'Times New Roman', Times">SECOND
    AMENDMENT AND JOINDER TO<BR>
    AGREEMENT AND PLAN OF MERGER, CONVERSION AND SHARE
    EXCHANGE</FONT></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

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<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    This <B>SECOND AMENDMENT AND JOINDER TO AGREEMENT AND PLAN OF
    MERGER, CONVERSION AND SHARE EXCHANGE
    </B>(&#147;<B><I>Amendment</I></B>&#148;) effective this
    8<SUP style="font-size: 85%; vertical-align: top">th</SUP> day

    of September, 2009 is by and among Ideation Acquisition Corp., a
    corporation incorporated in the State of Delaware, USA
    (&#147;<B><I>Ideation</I></B>&#148;), ID Arizona Corp., a
    corporation incorporated in the State of Arizona, USA, Earl Yen
    (the &#147;<B><I>CSV Representative</I></B>&#148;), Tommy Cheung
    and Stephen Lau (collectively, the &#147;<B><I>DB
    Representative</I></B>&#148;), Qinying Liu (the
    &#147;<B><I>Management Shareholder Representative</I></B>&#148;
    and, together with the CSV Representative and the DB
    Representative, the &#147;<B><I>SM Shareholders&#146;
    Representatives</I></B>&#148;), Linden Ventures&#160;II (BVI),
    Ltd. (&#147;<B><I>Linden</I></B>&#148;), Vervain Equity
    Investment Limited (the &#147;<B><I>Gentfull
    Transferee</I></B>&#148;), Sun Hing Associates Ltd. (the
    &#147;<B><I>Gavast Transferee</I></B>&#148;, and, together with
    the Gentfull Transferee, the
    &#147;<B><I>Transferees</I></B>&#148;) and The Frost Group, LLC
    (the &#147;<B><I>Sponsor Entity</I></B>&#148;).
</DIV>

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    <B><U><FONT style="font-family: 'Times New Roman', Times">Recitals</FONT></U></B>
</DIV>

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<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <B>WHEREAS, </B>Ideation, the SM Shareholders&#146;
    Representatives and Linden, along with the other parties
    thereto, have previously entered into that certain Agreement and
    Plan of Merger, Conversion and Share Exchange dated as of
    March&#160;31, 2009, including the exhibits and schedules
    thereto (as amended, the &#147;<B><I>SEA</I></B>&#148;);
</DIV>

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<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <B>WHEREAS</B>, Gentfull Investment Limited
    (&#147;<B><I>Gentfull</I></B>&#148;) desires to transfer all
    right, title and interest in and to the 5,454,543 Series&#160;C
    preferred shares, par value US$0.0001 per share, in the capital
    of the Company (&#147;<B><I>Series&#160;C Shares</I></B>&#148;)
    held by it to the Gentfull Transferee (an Affiliate of
    Gentfull), and Gavast Estates Limited
    (&#147;<B><I>Gavast</I></B>&#148;) desires to transfer all
    right, title and interest in and to the 12,727,272 Series&#160;C
    Shares held by it to the Gavast Transferee (an Affiliate of
    Gavast) (together, the &#147;<B><I>Transfers</I></B>&#148;), and
    such transferees wish to join as parties to the SEA;
</DIV>

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    <B>WHEREAS</B>, the parties to the SEA also desire to make
    certain amendments to the SEA as set forth herein;&#160;and
</DIV>

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<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <B>WHEREAS</B>, (i)&#160;in accordance with Section&#160;16.2 of
    the SEA, Ideation, a majority of the SM Shareholders&#146;
    Representatives and Linden wish to amend the SEA to reflect the
    terms set forth below and (ii)&#160;the Gavast Transferee and
    the Gentfull Transferee wish to become bound by the SEA as SM
    Shareholders, in the place of Gavast and Gentfull, respectively.
    <B> <U>Agreement</U></B>
</DIV>

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<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <B>NOW, THEREFORE, </B>in consideration of the premises, the
    mutual covenants set forth herein, and for other good and
    valuable consideration, the receipt and sufficiency of which are
    hereby acknowledged, the parties hereby agree as follows:
</DIV>

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<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    1.&#160;As of the date hereof, being the effective date of the
    Transfers (the &#147;<B><I>Effective Date</I></B>&#148;), the
    Gentfull Transferee shall be substituted for and shall replace
    Gentfull as a party to the in the SEA that by their terms can
    only be made by the Transferees on the Effective Date, which
    representations and warranties shall be deemed to be made, for
    purposes of the SEA, as of the Effective Date; <I>provided
    </I>that (x)&#160;the Gentfull Transferee shall be responsible
    for any breach by Gentfull prior to the Effective Date of any
    such representations and warranties made by Gentfull and
    (y)&#160;the Gavast Transferee shall be responsible for any
    breach prior to the Effective Date of any such representations
    and warranties made by Gavast).
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    2.&#160;Section&#160;4.5 of the SEA is hereby amended and
    restated in its entirety to read as follows:
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 8%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    &#147;<I>Issuance of New Warrants</I>.&#160;&#160; Immediately
    following the Conversion Effective Time, New Warrants shall be
    issued to the holders of Acquired Shares and Sponsor Warrant
    Holders in accordance with Section&#160;12.12 hereof, if
    applicable.&#148;
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    3.&#160;Section&#160;5.1(c)(ii) of the SEA is hereby amended and
    restated in its entirety to read as follows:
</DIV>

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<DIV align="left" style="margin-left: 8%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    &#147;(ii) In all other regards, the terms of each New
    Restricted Shares Award shall be the same as the SM Restricted
    Shares Award which it replaces, and the Option Plan under which
    such SM Restricted
</DIV>

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    <BR>
    A-3-1
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    Shares Award was initially granted as in effect immediately
    prior to the Closing shall continue to apply in all material
    respects to the New Restricted Shares Award, including all
    restrictions or limitations on transfer and vesting, to the
    extent that such restrictions or limitations shall not have
    already lapsed, after giving effect to the Closing; <I>provided
    </I>that the holder of any ID Cayman Shares delivered upon the
    vesting of a New Restricted Shares Award prior to the one
    (1)&#160;year anniversary of the Closing shall be subject to the
    restrictions set forth in Clauses&#160;2 and 3 of the form of
    <FONT style="white-space: nowrap">Lock-Up</FONT>
    Agreement attached hereto as
    <FONT style="white-space: nowrap">Exhibit&#160;F-2</FONT>
    with respect to such shares until the one (1)&#160;year
    anniversary of the Closing.&#148;
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    4.&#160;Section&#160;5.1(d)(ii) of the SEA is hereby amended and
    restated in its entirety to read as follows:
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 8%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    &#147;(ii) In all other regards, the terms of each New Option
    shall be the same as the SM Option which it replaces, and the
    Option Plan under which such SM Option was initially granted as
    in effect immediately prior to the Closing shall continue to
    apply in all material respects to the New Options, including all
    restrictions or limitations on transfer and vesting, to the
    extent that such restrictions or limitations shall not have
    already lapsed, after giving effect to the Closing; <I>provided
    </I>that the holder of any ID Cayman Shares delivered upon the
    exercise of a New Option prior to the one (1)&#160;year
    anniversary of the Closing shall be subject to the restrictions
    set forth in Clauses&#160;2 and 3 of the form of
    <FONT style="white-space: nowrap">Lock-Up</FONT>
    Agreement attached hereto as
    <FONT style="white-space: nowrap">Exhibit&#160;F-2</FONT>
    with respect to such shares until the one (1)&#160;year
    anniversary of the Closing.&#148;
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    5.&#160;Section&#160;5.1(e) of the SEA is hereby amended and
    restated in its entirety to read as follows:
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 8%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    &#147;<I>Interim Notes</I>.&#160;&#160;Upon the Closing, the
    principal amount outstanding under each Interim Note as of the
    Closing and US$10,000,000 of the principal amount outstanding
    under the Linden Note as of the Closing shall be converted into
    (a)&#160;a number of ID Cayman Shares calculated by dividing
    such outstanding principal amount by US$7.8815, rounded up to
    the nearest whole share (the <B><I>&#147;Note
    Shares&#148;</I></B>), plus (b)&#160;a number of New Warrants
    equal to the number of such Note Shares issued, with each such
    New Warrant representing the right to purchase 0.25 of an ID
    Cayman Share at an exercise price per whole share of $7.8815.
    The aggregate number of shares underlying such New Warrants
    shall be rounded up to the nearest whole share. At the Closing,
    (x)&#160;US$5,000,000 of the principal amount outstanding under
    the Linden Note plus all accrued and unpaid interest on the
    Linden Note, plus US$20,000 as reimbursement for Linden
    Ventures&#146; legal expenses, shall be paid in cash to Linden
    Ventures and (y)&#160;all accrued and unpaid interest under the
    Interim Notes shall be paid in cash to the holders thereof.&#148;
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    6.&#160;Section&#160;5.3(a) of the SEA is hereby amended by
    adding the following sentence at the end of such Section:
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 8%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    &#147;The holder of such ID Cayman Shares shall be subject to
    the restrictions set forth in Clauses&#160;2 and 3 of the form
    of <FONT style="white-space: nowrap">Lock-Up</FONT>
    Agreement attached hereto as
    <FONT style="white-space: nowrap">Exhibit&#160;F-2</FONT>
    with respect to such shares until the one (1)&#160;year
    anniversary of the Closing.&#148;
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    7.&#160;Section&#160;5.3(b) of the SEA is hereby amended by
    adding the following sentence at the end of such Section:
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 8%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    &#147;The holder of such ID Cayman Shares shall be subject to
    the restrictions set forth in Clauses&#160;2 and 3 of the form
    of <FONT style="white-space: nowrap">Lock-Up</FONT>
    Agreement attached hereto as
    <FONT style="white-space: nowrap">Exhibit&#160;F-2</FONT>
    with respect to such shares until the one (1)&#160;year
    anniversary of the Closing.&#148;
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    8.&#160;Section&#160;9.5 of the SEA is hereby amended and
    restated in its entirety to read as follows:
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 8%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <I>&#147;Section&#160;9.5&#160;&#160;Other Pre-Closing
    Covenants.</I>&#160;&#160;Prior to the Closing, (i)&#160;each of
    the SM Entities agrees that it shall, and each of the SM
    Shareholders agrees that it shall use commercially reasonable
    efforts (which, with respect to the SM Institutional
    Shareholders, shall only mean the directing of such SM
    Institutional Shareholder&#146;s nominee(s) on the board of
    directors of SM Cayman to vote against any action in
    contravention of this Section&#160;9.5) to, cause the relevant
    Group Companies to complete the actions set forth in
    items&#160;2, 3 and 4 of Schedule&#160;9.5,
    (ii)&#160;Ms.&#160;Liu and Ms.&#160;Yang shall use commercially
    reasonable efforts to complete the actions set forth in
    item&#160;1 of Schedule&#160;9.5, and (iii)&#160;all amounts
    owing by Ms.&#160;Liu and Ms.&#160;Yang to SM Cayman shall have
    been
</DIV>

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    <BR>
    A-3-2
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<DIV align="left" style="margin-left: 8%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    repaid in accordance with the terms of that certain Repayment
    Agreement dated as of June&#160;23, 2009 among SM Cayman,
    Ms.&#160;Liu and Ms.&#160;Yang.&#148;
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    9.&#160;Section&#160;12.4 of the SEA is hereby amended and
    restated in its entirety to read as follows:
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 8%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    &#147;<I>Board Composition.</I>&#160;&#160;Ideation shall take
    such action, including amending its bylaws, as may be required
    to cause the number of directors constituting the Combined Board
    immediately after the Closing to consist of ten
    (10)&#160;persons, for a period commencing on the Closing Date
    and ending not sooner than the third anniversary of the Closing
    Date. Ideation shall have received the resignation of a
    sufficient number of current directors (which resignation may be
    conditioned upon the Closing of the Share Exchange) to allow for
    the election of the Director Nominees pursuant to this Section,
    and the remaining members of the Ideation Board shall have
    elected the other Director Nominees (as hereafter defined) as
    members of the Combined Board, effective upon the Closing, to
    fill the vacancies created by such increase in the size of the
    board and such resignations. Each Director Nominee shall serve
    as a director for a term expiring at ID Cayman&#146;s next
    annual meeting of stockholders following the Closing Date and
    until his or her successor is elected and qualified.
    &#147;<B><I>Director Nominees</I></B>&#148; means (i)&#160;five
    (5)&#160;persons nominated by the Ideation Representative (at
    least three (3)&#160;of whom shall be &#147;independent
    directors&#148; as such term is defined in the rules and
    regulations of AMEX (&#147;<B><I>Independent
    Directors</I></B>&#148;) and at least two (2)&#160;of whom must
    be
    <FONT style="white-space: nowrap">non-U.S.&#160;citizens)</FONT>
    and (ii)&#160;five (5)&#160;persons nominated by the SM
    Shareholders&#146; Representatives (two (2)&#160;of whom shall
    be Qinying Liu and Earl Yen, at least three (3)&#160;of whom
    shall be Independent Directors, and at least three (3)&#160;of
    whom shall be
    <FONT style="white-space: nowrap">non-U.S.&#160;citizens).&#148;</FONT>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    10.&#160;Section&#160;12.9 of the SEA is hereby amended and
    restated in its entirety to read as follows:
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 8%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    &#147;<I>Series&#160;D or Other
    Financing</I>.&#160;&#160;Notwithstanding anything to the
    contrary set forth herein, from the date hereof until the date
    the Proxy Statement/Prospectus is declared effective by the SEC,
    SM Cayman shall be permitted to raise capital pursuant to an
    issuance of Series&#160;D Preferred Shares, on the terms and
    conditions agreed upon by Ideation and SM Cayman, provided that
    such financing results in maximum aggregate proceeds to the
    borrower of US$15&#160;million and no dividends shall accrue on
    such shares until the end of the first full calendar quarter
    after the Closing or termination hereof (a
    &#147;<B><I>Series&#160;D Financing</I></B>&#148;). The terms of
    any such Series&#160;D Preferred Shares must provide for their
    automatic conversion at the Closing into (a)&#160;a number of ID
    Cayman Shares calculated by using a ratio of one (1)&#160;ID
    Cayman Share per each US$7.8815 of aggregate liquidation
    preference thereunder, rounded up to the nearest whole share,
    plus (b)&#160;a number of New Warrants equal to the number of ID
    Cayman Shares issued pursuant to clause&#160;(a) above, with
    each such New Warrant representing the right to purchase 0.25 of
    an ID Cayman Share at an exercise price per whole share of
    $7.8815. The aggregate number of shares underlying such New
    Warrants shall be rounded up to the nearest whole share.
    Notwithstanding anything to the contrary set forth in this
    Agreement, SM Cayman shall also be permitted to discuss with
    potential lenders the terms of a subordinated debt financing,
    provided that the consent of Ideation shall be required prior to
    SM Cayman entering into any agreement or commitment with respect
    to such financing.&#148;
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    11.&#160;Section&#160;12.10(a) of the SEA is hereby amended and
    restated in its entirety to read as follows:
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 8%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    &#147;<I>Sponsor Purchases.</I>&#160;&#160;Following the initial
    filing of the Proxy Statement/Prospectus with the SEC and
    continuing until no later than 4:30 pm Eastern time on the day
    that is two (2)&#160;business days before the day of the
    Stockholders Meeting (the &#147;Reference Date&#148;), The Frost
    Group, LLC (the &#147;<B><I>Sponsor Entity</I></B>&#148;),
    through itself, its Affiliates or other Persons (each such other
    Person, a &#147;<B><I>Non-Affiliate Purchaser</I></B>&#148;),
    agrees to purchase
    <FONT style="white-space: nowrap">and/or</FONT> enter
    into binding contracts to purchase (the &#147;<B><I>Sponsor
    Purchases</I></B>&#148;) Ideation Shares in the open market or
    in privately negotiated transactions (the &#147;<B><I>Acquired
    Shares</I></B>&#148;), in such an amount (the
    &#147;<B><I>Sponsor Purchase Commitment Amount</I></B>&#148;)
    equal to the lesser of (i)&#160;an aggregate expenditure of
    US$18.25&#160;million and (ii)&#160;an amount that, when
    combined with purchases by Ideation pursuant to
    Section&#160;12.11, Warrant Purchases (as defined below) and
    proxies delivered by Ideation stockholders not electing
    Conversion Rights, would result in ID Cayman possessing
    (assuming settlement of such Section&#160;12.11 purchases and
    Warrant Purchases) in the aggregate no less than
    US$18.25&#160;million in its Trust&#160;Account (or other
    accounts)
</DIV>

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    <BR>
    A-3-3
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<DIV align="left" style="margin-left: 8%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    immediately after the Closing, before payment of the expenses
    set forth in clauses&#160;(b) through (e)&#160;of
    Section&#160;8.19 (or any obligations incurred by any SM Party
    that may become obligations of ID Cayman as a result of the
    Closing), provided, however, that (w)&#160;the purchase price
    per Ideation Share is not more than $9.00; (x)&#160;the Sponsor
    Purchase Commitment Amount is used solely to purchase Ideation
    Shares and is not applied to any transaction cost related to
    such purchase, other than normal brokerage fees; (y)&#160;such
    Sponsor Purchases are conducted in compliance with the
    Securities Act, the Exchange Act and any other applicable Legal
    Requirements; and (z)&#160;the aggregate amount of such Sponsor
    Purchases shall be disclosed to the holders of Ideation Shares
    in an appropriate filing with the SEC one (1)&#160;business day
    before the Stockholders Meeting. To the extent that the Sponsor
    Entity, through itself, its Affiliates or Non-Affiliate
    Purchasers has not otherwise satisfied the Sponsor Purchase
    Commitment Amount on or prior to the Reference Date, the Sponsor
    Entity, through itself, its Affiliates or Non-Affiliate
    Purchasers may satisfy its obligations pursuant to this Section
    prior to the Closing by delivering into an escrow account
    irrevocable written notices to exercise all or any of their
    respective Ideation Warrants that are &#147;Public
    Warrants&#148; (as defined in the Warrant Agreement related
    thereto) to be effective immediately after the Closing (each, a
    &#147;Warrant Purchase&#148;), together with the cash exercise
    price for the shares to be issued pursuant to such Ideation
    Warrants in an amount up to the difference between the dollar
    amount of Sponsor Purchases and the Sponsor Purchase Commitment
    Amount. The escrow account shall be established with an escrow
    agent and on terms and conditions mutually agreeable to Ideation
    and the SM Shareholders&#146; Representatives, provided that the
    cash exercise price so delivered shall be released to ID Cayman
    upon written notice from the SM Shareholders&#146;
    Representatives following the Closing, at which time the shares
    underlying such warrants (the <B><I>&#147;Warrant
    Shares&#148;</I></B>) shall be issued to the Persons who have so
    elected such exercise (each, a <B><I>&#147;Sponsor Warrant
    Holder&#148;</I></B>). Alternatively, to the extent that the
    Sponsor Entity, through itself, its Affiliates or Non-Affiliate
    Purchasers, is unable to make sufficient Sponsor Purchases of
    Acquired Shares or Warrant Purchases to satisfy the Sponsor
    Purchase Commitment Amount for any reason, Ideation agrees to
    sell shares of Ideation Common Stock (which shall also be deemed
    to be &#147;Acquired Shares&#148; for purposes of this
    Article&#160;XII)&#160;to the Sponsor Entity, its Affiliates or
    Non-Affiliate Purchasers for a price per share equal to $7.8815
    in such number as necessary to remedy such shortfall, and the
    Sponsor Entity shall not be in breach of this section to the
    extent it so remedies such shortfall pursuant to such purchases
    within ten (10)&#160;business days after the Closing. Such
    purchases shall be made pursuant to a purchase agreement in
    reasonable and customary form and substance for a transaction of
    such nature, which shall include customary registration rights
    with respect to the shares acquired, which rights shall be pari
    passu with other registration rights granted to holders of ID
    Cayman Securities. The Sponsor Entity agrees to promptly provide
    reasonable supporting evidence of its compliance with the
    provisions of this Article&#160;XII, upon request by an SM
    Shareholders&#146; Representative.&#148;
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    12.&#160;Section&#160;12.12 of the SEA is hereby amended and
    restated in its entirety to read as follows:
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 8%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    &#147;<I>ID Cayman New Warrants</I>.&#160;&#160; Immediately
    prior to the Closing of the Share Exchange, each holder of
    Acquired Shares and each Sponsor Warrant Holder shall be issued
    a New Warrant to purchase 0.25 of an ID Cayman Share for each
    Acquired Share held by him or it or Warrant Share that will be
    issued to him or it immediately after the Closing pursuant to
    Section&#160;12.10(a). The exercise price per whole ID Cayman
    Share of such New Warrants shall be US$7.8815, and the aggregate
    number of shares underlying such New Warrants shall be rounded
    up to the nearest whole share. Such issuance shall be
    conditioned upon the execution and delivery by the holder of
    such an Acquired Share or Sponsor Warrant Holder of a purchase
    agreement in reasonable and customary form and substance for a
    transaction of such nature, which shall include customary
    registration rights with respect to the ID Cayman Shares
    underlying such New Warrants, which rights shall be pari passu
    with other registration rights granted to holders of ID Cayman
    Securities. Each holder of Acquired Shares and each Sponsor
    Warrant Holder shall be a third-party beneficiary to this
    provision for so long as he or it holds any Acquired Shares or
    is in escrow pursuant to Section&#160;12.10 (a)&#160;with
    respect to any Warrant Shares.&#148;
</DIV>

<P align="center" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <BR>
    A-3-4
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<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>

<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    13.&#160;Section&#160;13.1(e) of the SEA is hereby amended and
    restated in its entirety to read as follows:
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 8%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <I>&#147;Approval by Ideation&#146;s
    Stockholders.</I>&#160;&#160;The Transactions shall have been
    approved by the holders of Common Stock in accordance with
    applicable Legal Requirements.&#148;
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    14.&#160;The following Section&#160;13.1(r) is hereby added to
    the SEA:
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 8%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    &#147;<I>Approval of Charter Amendments</I>.&#160;&#160; An
    amendment to the Amended and Restated Certificate of
    Incorporation of Ideation in substantially the form and
    substance attached hereto as <I>Exhibit&#160;I </I>(the
    <B><I>&#147;Ideation Charter Amendment&#148;</I></B>) shall have
    been approved by the holders of Common Stock and filed with the
    Secretary of State of the State of Delaware in accordance with
    applicable Legal Requirements. If the Ideation Charter Amendment
    shall have been approved and become effective pursuant to this
    subsection, the board of directors and sole stockholder of ID
    Arizona shall have adopted corresponding changes to its Articles
    of Incorporation and filed the same with the Arizona Corporation
    Commission (the <B><I>&#147;Arizona Charter
    Amendment&#148;</I></B>).&#148;
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    15.&#160;Section&#160;13.2(d) of the SEA is hereby amended and
    restated in its entirety to read as follows:
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 8%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <I>&#147;Approval by Ideation&#146;s
    Stockholders.</I>&#160;&#160;The Transactions shall have been
    approved by the holders of Common Stock in accordance with
    applicable Legal Requirements.&#148;
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    16.&#160;The following Section&#160;13.2(p) is hereby added to
    the SEA:
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 8%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    &#147;<I>Approval of Charter Amendments</I>.&#160;&#160;The
    Ideation Charter Amendment shall have been approved by the
    holders of Common Stock and filed with the Secretary of State of
    the State of Delaware in accordance with applicable Legal
    Requirements. If the Ideation Charter Amendment shall have been
    approved and become effective pursuant to this subsection, the
    Arizona Charter Amendment shall have been approved by its board
    of directors and sole stockholder and been filed with the
    Arizona Corporation Commission.&#148;
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    17.&#160;Section&#160;15.1(b) of the SEA is hereby amended and
    restated in its entirety to read as follows:
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 8%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    &#147;by either Ideation or the SM Shareholders&#146;
    Representatives (in accordance with Section&#160;16.5), if the
    Closing has not occurred by the later of
    (i)&#160;October&#160;30, 2009 or (ii)&#160;such other date that
    has been agreed in writing by the SM Shareholders&#146;
    Representatives and Ideation (the &#147;<B><I>End
    Date</I></B>&#148;); <I>provided, however</I>, that the right to
    terminate this Agreement under this Section&#160;15.1(b) shall
    not be available to any Party whose failure to comply with any
    provision of this Agreement has been the cause of, or resulted
    in, the failure of the Closing Date to occur on or before such
    date.&#148;
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    18.&#160;The definition of &#147;Adjusted Net Income&#148; set
    forth in Annex&#160;A of the SEA is hereby amended to delete
    clause&#160;(iv) set forth therein. The numbering of the
    remaining clauses in such definition shall remain unchanged, and
    clause&#160;(iv) shall be deemed to read &#147;intentionally
    omitted.&#148;
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    19.&#160;Clause&#160;(vi) of the definition of &#147;Adjusted
    Net Income&#148; set forth in Annex A of the SEA is hereby
    amended and restated in its entirety to read as follows:
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 8%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    &#145;&#145;(vi) any costs, expenses or other items relating or
    attributable to that certain Convertible Note and Warrant
    Agreement (the &#147;Note Agreement&#148;), dated as of
    March&#160;17, 2008, among SM Cayman, Linden Ventures and the
    other parties thereto, as amended on September&#160;15, 2008,
    December&#160;18, 2008, March&#160;12, 2009 and August&#160;21,
    2009 (including the issuance of the Linden Note (as defined in
    the Note Agreement), as amended on September&#160;15, 2008,
    December&#160;18, 2008, March&#160;12, 2009 and August&#160;21,
    2009)&#148;
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    20.&#160;The definition of <I>&#147;ID Cayman Preferred
    Shares&#148; </I>as set forth in Annex&#160;A to the SEA is
    hereby deleted.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    21.&#160;Schedule&#160;B to the SEA is hereby amended and
    restated in its entirety to read as set forth in Schedule&#160;1
    to this Amendment.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    22.&#160;Schedule&#160;C to the SEA is hereby amended and
    restated in its entirety to read as set forth in Schedule&#160;2
    to this Amendment.
</DIV>

<P align="center" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <BR>
    A-3-5
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<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    23.&#160;The Memorandum and Articles of Association of ID Cayman
    following the Closing, as set forth in <I>Exhibit&#160;A </I>to
    the SEA, are hereby amended and restated in their entireties as
    set forth in <I>Exhibit&#160;1 </I>to this Amendment.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    24.&#160;A new <I>Exhibit&#160;I </I>is hereby added to the SEA
    in the form attached hereto as <I>Exhibit&#160;2</I>.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    25.&#160;Except as amended by the terms of this Amendment, the
    SEA remains in full force and effect.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    26.&#160;Unless otherwise defined, capitalized terms used herein
    have the meanings given to them in the SEA.
</DIV>

<DIV style="margin-top: 18pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <I><FONT style="font-family: 'Times New Roman', Times">[Signature
    Page&#160;Follows]</FONT></I>
</DIV>

<P align="center" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <BR>
    A-3-6
</DIV><!-- END PAGE WIDTH -->
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<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>

<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <B>IN WITNESS WHEREOF</B>, the parties have executed this
    Amendment as of the date and year first set forth above.
</DIV>

<DIV style="margin-top: 24pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 49%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <B>IDEATION ACQUISITION CORP.</B>
</DIV>

<DIV style="margin-top: 48pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="49%"></TD>
    <TD width="4%"></TD>
    <TD width="47%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    By:&#160;
</TD>
    <TD align="left">
    <DIV style="display:inline; text-align:left;">/s/&#160;&#160;<FONT style="font-variant: SMALL-CAPS">Steven
    D. Rubin</FONT></DIV>
</TD>
</TR>

</TABLE>

<DIV style="font-size: 2pt; margin-left: 53%; width: 100%;  align: left; border-bottom: 1pt solid #000000"></DIV><!-- callerid=999 iwidth=456 length=0 -->

<DIV align="left" style="margin-left: 53%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Name:&#160;&#160;&#160;&#160;&#160;&#160;Steven D. Rubin
</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="53%"></TD>
    <TD width="12%"></TD>
    <TD width="35%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    Title:&#160;&#160;
</TD>
    <TD align="left">
    Secretary
</TD>
</TR>

</TABLE>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="49%"></TD>
    <TD width="16%"></TD>
    <TD width="35%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#160;&#160;&#160;&#160;Address:&#160;
</TD>
    <TD align="left">
    1990&#160;S.&#160;Bundy Drive, Suite&#160;620
</TD>
</TR>

</TABLE>

<DIV align="left" style="margin-left: 65%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Los Angeles, CA 90025
</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="49%"></TD>
    <TD width="16%"></TD>
    <TD width="35%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#160;&#160;&#160;&#160;Facsimile:&#160;
</TD>
    <TD align="left">
    <FONT style="white-space: nowrap">(310)&#160;861-5454</FONT>
</TD>
</TR>

</TABLE>

<DIV style="margin-top: 48pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">

</DIV>

<DIV style="margin-top: 24pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 49%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <B>ID ARIZONA CORP.</B>
</DIV>

<DIV style="margin-top: 48pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="49%"></TD>
    <TD width="4%"></TD>
    <TD width="47%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    By:&#160;
</TD>
    <TD align="left">
    <DIV style="display:inline; text-align:left;">/s/&#160;&#160;<FONT style="font-variant: SMALL-CAPS">Steven
    D. Rubin</FONT></DIV>
</TD>
</TR>

</TABLE>

<DIV style="font-size: 2pt; margin-left: 53%; width: 100%;  align: left; border-bottom: 1pt solid #000000"></DIV><!-- callerid=999 iwidth=456 length=0 -->

<DIV align="left" style="margin-left: 53%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Name:&#160;&#160;&#160;&#160;&#160;&#160;Steven D. Rubin
</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="53%"></TD>
    <TD width="12%"></TD>
    <TD width="35%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    Title:&#160;&#160;
</TD>
    <TD align="left">
    Secretary
</TD>
</TR>

</TABLE>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="49%"></TD>
    <TD width="16%"></TD>
    <TD width="35%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#160;&#160;&#160;&#160;Address:&#160;
</TD>
    <TD align="left">
    1990&#160;S.&#160;Bundy Drive, Suite&#160;620
</TD>
</TR>

</TABLE>

<DIV align="left" style="margin-left: 65%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Los Angeles, CA 90025
</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="49%"></TD>
    <TD width="16%"></TD>
    <TD width="35%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#160;&#160;&#160;&#160;Facsimile:&#160;
</TD>
    <TD align="left">
    <FONT style="white-space: nowrap">(310)&#160;861-5454</FONT>
</TD>
</TR>

</TABLE>

<DIV style="margin-top: 48pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 49%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <B>MANAGEMENT SHAREHOLDER REPRESENTATIVE:</B>
</DIV>

<DIV style="margin-top: 24pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 49%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <DIV style="display:inline; text-align:left;">/s/&#160;&#160;<FONT style="font-variant: SMALL-CAPS">Qinying
    Liu</FONT></DIV>
</DIV>

<DIV style="font-size: 2pt; margin-left: 49%; width: 100%;  align: left; border-bottom: 1pt solid #000000"></DIV><!-- callerid=999 iwidth=456 length=0 -->

<DIV align="left" style="margin-left: 49%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Name:&#160;&#160;&#160;&#160;&#160;Qinying Liu
</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="49%"></TD>
    <TD width="12%"></TD>
    <TD width="39%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    Address:&#160;
</TD>
    <TD align="left">
    Room&#160;4B, Yinglong Building
</TD>
</TR>

</TABLE>

<DIV align="left" style="margin-left: 61%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    No.&#160;1358 Yan An Road West
</DIV>

<DIV align="left" style="margin-left: 61%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Shanghai 200052, China
</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="49%"></TD>
    <TD width="12%"></TD>
    <TD width="39%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    Facsimile:&#160;
</TD>
    <TD align="left">
    +86
    <FONT style="white-space: nowrap">(21)&#160;6283-0552</FONT>
</TD>
</TR>

</TABLE>

<DIV align="left" style="margin-left: 49%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <B>CSV REPRESENTATIVE:</B>
</DIV>

<DIV style="margin-top: 24pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 49%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <DIV style="display:inline; text-align:left;">/s/&#160;&#160;<FONT style="font-variant: SMALL-CAPS">Earl
    Ching-Hwa Yen</FONT></DIV>
</DIV>

<DIV style="font-size: 2pt; margin-left: 49%; width: 100%;  align: left; border-bottom: 1pt solid #000000"></DIV><!-- callerid=999 iwidth=456 length=0 -->

<DIV align="left" style="margin-left: 49%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Name:&#160;&#160;&#160;&#160;&#160;Earl Ching-Hwa Yen
</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="49%"></TD>
    <TD width="12%"></TD>
    <TD width="39%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    Address:&#160;&#160;&#160;&#160;&#160;
</TD>
    <TD align="left">
    Rm. 104, Bldg.18
</TD>
</TR>

</TABLE>

<P align="center" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <BR>
    A-3-7
</DIV><!-- END PAGE WIDTH -->
<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>

<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->

<DIV align="left" style="margin-left: 61%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    No.&#160;800 Huashan Road
</DIV>

<DIV align="left" style="margin-left: 61%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Shanghai 200050, China
</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="49%"></TD>
    <TD width="12%"></TD>
    <TD width="39%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    Facsimile:&#160;
</TD>
    <TD align="left">
    +86
    <FONT style="white-space: nowrap">(21)&#160;6225-8573</FONT>
</TD>
</TR>

</TABLE>

<DIV style="margin-top: 42pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 49%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <B>DB REPRESENTATIVE:</B>
</DIV>

<DIV style="margin-top: 42pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 49%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <DIV style="display:inline; text-align:left;">/s/&#160;&#160;<FONT style="font-variant: SMALL-CAPS">Tommy
    Cheung</FONT></DIV>
</DIV>

<DIV style="font-size: 2pt; margin-left: 49%; width: 100%;  align: left; border-bottom: 1pt solid #000000"></DIV><!-- callerid=999 iwidth=456 length=0 -->

<DIV align="left" style="margin-left: 49%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Name:&#160;&#160;&#160;&#160;&#160;Tommy Cheung
</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="49%"></TD>
    <TD width="12%"></TD>
    <TD width="39%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    Address:&#160;&#160;&#160;&#160;&#160;
</TD>
    <TD align="left">
    56/F, Cheung Kong Center
</TD>
</TR>

</TABLE>

<DIV align="left" style="margin-left: 61%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    2 Queen&#146;s Road Central
</DIV>

<DIV align="left" style="margin-left: 61%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Hong Kong
</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="49%"></TD>
    <TD width="12%"></TD>
    <TD width="39%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    Facsimile:&#160;
</TD>
    <TD align="left">
    +852
    <FONT style="white-space: nowrap">2203-8304</FONT>
</TD>
</TR>

</TABLE>

<DIV style="margin-top: 24pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 49%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <DIV style="display:inline; text-align:left;">/s/&#160;&#160;<FONT style="font-variant: SMALL-CAPS">Stephen
    Lau</FONT></DIV>
</DIV>

<DIV style="font-size: 2pt; margin-left: 49%; width: 100%;  align: left; border-bottom: 1pt solid #000000"></DIV><!-- callerid=999 iwidth=456 length=0 -->

<DIV align="left" style="margin-left: 49%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Name:&#160;&#160;&#160;&#160;&#160;Stephen Lau
</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="49%"></TD>
    <TD width="12%"></TD>
    <TD width="39%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    Address:&#160;&#160;&#160;&#160;&#160;
</TD>
    <TD align="left">
    56/F, Cheung Kong Center
</TD>
</TR>

</TABLE>

<DIV align="left" style="margin-left: 61%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    2 Queen&#146;s Road Central
</DIV>

<DIV align="left" style="margin-left: 61%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Hong Kong
</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="49%"></TD>
    <TD width="12%"></TD>
    <TD width="39%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    Facsimile:&#160;
</TD>
    <TD align="left">
    +852
    <FONT style="white-space: nowrap">2203-8304</FONT>
</TD>
</TR>

</TABLE>

<DIV style="margin-top: 24pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 49%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <B>LINDEN VENTURES II (BVI), LTD.</B>
</DIV>

<DIV style="margin-top: 42pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="49%"></TD>
    <TD width="4%"></TD>
    <TD width="47%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    By:&#160;
</TD>
    <TD align="left">
    <DIV style="display:inline; text-align:left;">/s/&#160;&#160;<FONT style="font-variant: SMALL-CAPS">Craig
    Jarvis</FONT></DIV>
</TD>
</TR>

</TABLE>

<DIV style="font-size: 2pt; margin-left: 53%; width: 100%;  align: left; border-bottom: 1pt solid #000000"></DIV><!-- callerid=999 iwidth=456 length=0 -->

<DIV align="left" style="margin-left: 53%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Name:&#160;&#160;&#160;&#160;&#160;&#160;Craig Jarvis
</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="53%"></TD>
    <TD width="31%"></TD>
    <TD width="16%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    Title:&#160;&#160;Authorized Signatory
</TD>
    <TD align="left">

</TD>
</TR>

</TABLE>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="49%"></TD>
    <TD width="16%"></TD>
    <TD width="35%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#160;&#160;&#160;&#160;Address:&#160;
</TD>
    <TD align="left">
    <FONT style="white-space: nowrap">c/o&#160;Linden</FONT>
    Advisors LP,
</TD>
</TR>

</TABLE>

<DIV align="left" style="margin-left: 65%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    590 Madison Ave., 15th Floor, New York, NY 10022, USA
</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="49%"></TD>
    <TD width="16%"></TD>
    <TD width="35%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#160;&#160;&#160;&#160;Facsimile:&#160;
</TD>
    <TD align="left">
    +1
    <FONT style="white-space: nowrap">(646)&#160;840-3625</FONT>
</TD>
</TR>

</TABLE>

<DIV style="margin-top: 24pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 49%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <B>SUN HING ASSOCIATES LTD. for and on behalf of Sun Hing
    Associates Limited</B>
</DIV>

<DIV style="margin-top: 42pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 49%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <DIV style="display:inline; text-align:left;">/s/&#160;&#160;<FONT style="font-variant: SMALL-CAPS">Yuen
    Yui Wing</FONT></DIV><BR>
    <DIV style="font-size: 2pt; margin-left: 0%; width: 100%;  align: left; border-bottom: 1pt solid #000000"></DIV><!-- callerid=128 iwidth=229 length=0 -->
</DIV>

<DIV align="left" style="margin-left: 49%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Name:&#160;&#160;&#160;&#160;&#160;Yuen Yui
    Wing&#160;&#160;Authorized Signature(s)
</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="49%"></TD>
    <TD width="12%"></TD>
    <TD width="39%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    Address:&#160;&#160;&#160;&#160;&#160;
</TD>
    <TD align="left">
    9/F Central Building,<BR>
    3&#160;Pedder Street, Central,<BR>
    Hong Kong
</TD>
</TR>

</TABLE>

<DIV align="left" style="margin-left: 61%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">

</DIV>

<DIV align="left" style="margin-left: 61%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">

</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="49%"></TD>
    <TD width="12%"></TD>
    <TD width="39%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    Facsimile:&#160;
</TD>
    <TD align="left">

</TD>
</TR>

</TABLE>

<P align="center" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <BR>
    A-3-8
</DIV><!-- END PAGE WIDTH -->
<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>

<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->

<DIV align="left" style="margin-left: 61%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">

</DIV>

<DIV style="margin-top: 48pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">

</DIV>

<DIV style="margin-top: 24pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="49%"></TD>
    <TD width="12%"></TD>
    <TD width="39%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>
</TD>
    <TD align="left">
    <B>VERVAIN EQUITY INVESTMENT LIMITED for and on behalf of
    Vervain Equity Investment Limited</B>
</TD>
</TR>

</TABLE>

<DIV style="margin-top: 48pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 49%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <DIV style="display:inline; text-align:left;">/s/&#160;&#160;Karen
    Cheung</DIV>
</DIV>

<DIV style="font-size: 2pt; margin-left: 49%; width: 100%;  align: left; border-bottom: 1pt solid #000000"></DIV><!-- callerid=999 iwidth=456 length=0 -->

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="49%"></TD>
    <TD width="8%"></TD>
    <TD width="43%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    Name:&#160;&#160;&#160;&#160;&#160;
</TD>
    <TD align="left">
    Karen Cheung&#160;&#160;Authorized Signature(s)<BR>
    and Peh Jefferson Tun Lu
</TD>
</TR>

</TABLE>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="49%"></TD>
    <TD width="12%"></TD>
    <TD width="39%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    Address:&#160;&#160;&#160;&#160;&#160;
</TD>
    <TD align="left">
    9/F Central Building,<BR>
    3 Pedder Street, Central,<BR>
    Hong Kong
</TD>
</TR>

</TABLE>

<DIV align="left" style="margin-left: 61%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">

</DIV>

<DIV align="left" style="margin-left: 61%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">

</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="49%"></TD>
    <TD width="12%"></TD>
    <TD width="39%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    Facsimile:&#160;
</TD>
    <TD align="left">

</TD>
</TR>

</TABLE>

<DIV style="margin-top: 24pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 49%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <B>THE FROST GROUP, LLC</B>
</DIV>

<DIV style="margin-top: 48pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="49%"></TD>
    <TD width="4%"></TD>
    <TD width="47%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    By:&#160;
</TD>
    <TD align="left">
    <DIV style="display:inline; text-align:left;">/s/&#160;&#160;<FONT style="font-variant: SMALL-CAPS">Steven
    D. Rubin</FONT></DIV>
</TD>
</TR>

</TABLE>

<DIV style="font-size: 2pt; margin-left: 53%; width: 100%;  align: left; border-bottom: 1pt solid #000000"></DIV><!-- callerid=999 iwidth=456 length=0 -->

<DIV align="left" style="margin-left: 53%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Name:&#160;&#160;&#160;&#160;&#160;&#160;Steven D. Rubin
</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="49%"></TD>
    <TD width="16%"></TD>
    <TD width="35%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#160;&#160;&#160;&#160;Address:&#160;
</TD>
    <TD align="left">

</TD>
</TR>

</TABLE>

<DIV align="left" style="margin-left: 65%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">

</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="49%"></TD>
    <TD width="16%"></TD>
    <TD width="35%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#160;&#160;&#160;&#160;Facsimile:&#160;
</TD>
    <TD align="left">

</TD>
</TR>

</TABLE>

<P align="center" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <BR>
    A-3-9
</DIV><!-- END PAGE WIDTH -->
<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>

<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->

<DIV align="center" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><U><FONT style="font-family: 'Times New Roman', Times">Schedule&#160;1</FONT></U></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">SCHEDULE&#160;B</FONT></B>
</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">SM Share
    Ownership*</FONT></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<TABLE border="0" width="100%" align="center" cellpadding="0" cellspacing="0" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
<!-- Table Width Row BEGIN -->
<TR style="font-size: 1pt" valign="bottom">
    <TD width="70%">&nbsp;</TD>	<!-- colindex=01 type=maindata -->
    <TD width="2%">&nbsp;</TD>	<!-- colindex=02 type=gutter -->
    <TD width="1%" align="right">&nbsp;</TD>	<!-- colindex=02 type=lead -->
    <TD width="9%" align="right">&nbsp;</TD>	<!-- colindex=02 type=body -->
    <TD width="1%" align="left">&nbsp;</TD>	<!-- colindex=02 type=hang1 -->
    <TD width="3%">&nbsp;</TD>	<!-- colindex=03 type=gutter -->
    <TD width="1%" align="right">&nbsp;</TD>	<!-- colindex=03 type=lead -->
    <TD width="12%" align="right">&nbsp;</TD>	<!-- colindex=03 type=body -->
    <TD width="1%" align="left">&nbsp;</TD>	<!-- colindex=03 type=hang1 -->
</TR>
<!-- Table Width Row END -->
<TR style="font-size: 8pt" valign="bottom" align="center">
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>Number of SM<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>Percentage<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom" align="center">
<TD nowrap align="left" valign="bottom">
<DIV style="border-bottom: 1px solid #000000; width: 1%; padding-bottom: 1px">
    <B>SM Shareholder</B>
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    <B>Shares Held**</B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    <B>Ownership Interest</B>
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR style="line-height: 3pt; font-size: 1pt">
<TD>&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Deutsche Bank AG
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    32,727,272
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    32.2
</TD>
<TD nowrap align="left" valign="bottom">
    %
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    China Seed Ventures
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    20,623,779
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    20.3
</TD>
<TD nowrap align="left" valign="bottom">
    %
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Qinying Liu
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    14,660,750
</TD>
<TD nowrap align="left" valign="bottom">
    ***
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    14.4
</TD>
<TD nowrap align="left" valign="bottom">
    %
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Le Yang
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    14,660,750
</TD>
<TD nowrap align="left" valign="bottom">
    ***
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    14.4
</TD>
<TD nowrap align="left" valign="bottom">
    %
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Sun Hing Associates Ltd.&#160;
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    12,727,272
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    12.5
</TD>
<TD nowrap align="left" valign="bottom">
    %
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Vervain Equity Investment
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    5,454,543
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    5.4
</TD>
<TD nowrap align="left" valign="bottom">
    %
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 20pt">
    <B>Total Signing</B>
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    <B>100,854,366</B>
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    <B>99.2</B>
</TD>
<TD nowrap align="left" valign="bottom">
    <B>%</B>
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Jianxun Wang(1)
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    798,000
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    0.8
</TD>
<TD nowrap align="left" valign="bottom">
    %
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 20pt">
    <B>Total</B>
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    <B>101,652,366</B>
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    <B>100.0</B>
</TD>
<TD nowrap align="left" valign="bottom">
    <B>%</B>
</TD>
</TR>
</TABLE>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">

</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV style="font-size: 1pt; margin-left: 0%; width: 13%;  align: left; border-bottom: 1pt solid #000000"></DIV><!-- callerid=999 iwidth=456 length=60 -->

<DIV style="margin-top: 3pt; font-size: 1pt">&nbsp;</DIV>



<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">

<TR>
    <TD width="4%"></TD>
    <TD width="1%"></TD>
    <TD width="95%"></TD>
</TR>

<TR>
    <TD align="right" valign="top">
    *&#160;</TD>
    <TD></TD>
    <TD valign="bottom">
    Does not reflect outstanding options issued under the ESOP.</TD>
</TR>


<TR style="line-height: 3pt; font-size: 1pt"><TD>&nbsp;</TD></TR>

<TR>
    <TD align="right" valign="top">
    ** </TD>
    <TD></TD>
    <TD valign="bottom">
    Reflects the number of SM Ordinary Shares held by each SM
    Shareholder after giving effect to the Preferred Conversion.</TD>
</TR>


<TR style="line-height: 3pt; font-size: 1pt"><TD>&nbsp;</TD></TR>

<TR>
    <TD align="right" valign="top">
    *** </TD>
    <TD></TD>
    <TD valign="bottom">
    Subject to reduction for any share repurchases by SM Cayman
    pursuant to that certain Repayment Agreement dated as of
    June&#160;23, 2009 among SM Cayman, Qinying Liu and Le Yang.</TD>
</TR>


<TR style="line-height: 3pt; font-size: 1pt"><TD>&nbsp;</TD></TR>

<TR>
    <TD align="right" valign="top">
    (1) </TD>
    <TD></TD>
    <TD valign="bottom">
    Non-signing shareholder.</TD>
</TR>

</TABLE>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">SM
    Warrant Ownership</FONT></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<TABLE border="0" width="100%" align="center" cellpadding="0" cellspacing="0" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
<!-- Table Width Row BEGIN -->
<TR style="font-size: 1pt" valign="bottom">
    <TD width="84%">&nbsp;</TD>	<!-- colindex=01 type=maindata -->
    <TD width="2%">&nbsp;</TD>	<!-- colindex=02 type=gutter -->
    <TD width="1%" align="right">&nbsp;</TD>	<!-- colindex=02 type=lead -->
    <TD width="12%" align="right">&nbsp;</TD>	<!-- colindex=02 type=body -->
    <TD width="1%" align="left">&nbsp;</TD>	<!-- colindex=02 type=hang1 -->
</TR>
<!-- Table Width Row END -->
<TR style="font-size: 8pt" valign="bottom" align="center">
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>Number of SM<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom" align="center">
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>Shares Underlying<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom" align="center">
<TD nowrap align="left" valign="bottom">
<DIV style="border-bottom: 1px solid #000000; width: 1%; padding-bottom: 1px">
    <B>SM Warrantholder</B>
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    <B>Warrants</B>
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR style="line-height: 3pt; font-size: 1pt">
<TD>&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    China Seed Ventures
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    12,670,568
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Linden Ventures II
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    5,875,639
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Deutsche Bank AG
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    3,782,000
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Qinying Liu
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    33,142
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Le Yang
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    33,142
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Xuebao Yang
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    33,142
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Jianhai Huang
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    33,142
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Min Wu
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    33,142
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 20pt">
    <B>Total</B>
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    <B>22,493,917</B>
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
</TABLE>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">

</DIV>

<P align="center" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <BR>
    A-3-10
</DIV><!-- END PAGE WIDTH -->
<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>

<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->

<DIV align="center" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><U><FONT style="font-family: 'Times New Roman', Times">Schedule&#160;2</FONT></U></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">SCHEDULE&#160;C</FONT></B>
</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">Share
    Allocation&#160;&#151; Shareholders</FONT></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<TABLE border="0" width="100%" align="center" cellpadding="0" cellspacing="0" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
<!-- Table Width Row BEGIN -->
<TR style="font-size: 1pt" valign="bottom">
    <TD width="72%">&nbsp;</TD>	<!-- colindex=01 type=maindata -->
    <TD width="2%">&nbsp;</TD>	<!-- colindex=02 type=gutter -->
    <TD width="1%" align="right">&nbsp;</TD>	<!-- colindex=02 type=lead -->
    <TD width="9%" align="right">&nbsp;</TD>	<!-- colindex=02 type=body -->
    <TD width="1%" align="left">&nbsp;</TD>	<!-- colindex=02 type=hang1 -->
    <TD width="3%">&nbsp;</TD>	<!-- colindex=03 type=gutter -->
    <TD width="1%" align="right">&nbsp;</TD>	<!-- colindex=03 type=lead -->
    <TD width="10%" align="right">&nbsp;</TD>	<!-- colindex=03 type=body -->
    <TD width="1%" align="left">&nbsp;</TD>	<!-- colindex=03 type=hang1 -->
</TR>
<!-- Table Width Row END -->
<TR style="font-size: 8pt" valign="bottom" align="center">
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>Initial<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>Earn-out Shares<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom" align="center">
<TD nowrap align="left" valign="bottom">
<DIV style="border-bottom: 1px solid #000000; width: 1%; padding-bottom: 1px">
    <B>SM Shareholder</B>
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    <B>Share Payment</B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    <B>Percentage</B>
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR style="line-height: 3pt; font-size: 1pt">
<TD>&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Deutsche Bank AG
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    2,210,316
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    26.36
</TD>
<TD nowrap align="left" valign="bottom">
    %
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    China Seed Ventures
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    1,392,877
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    16.61
</TD>
<TD nowrap align="left" valign="bottom">
    %
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Qinying Liu
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    990,149
</TD>
<TD nowrap align="left" valign="bottom">
    *
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    11.81
</TD>
<TD nowrap align="left" valign="bottom">
    %
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Le Yang
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    990,149
</TD>
<TD nowrap align="left" valign="bottom">
    *
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    11.81
</TD>
<TD nowrap align="left" valign="bottom">
    %
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Sun Hing Associates
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    859,567
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    10.25
</TD>
<TD nowrap align="left" valign="bottom">
    %
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Vervain Equity Investment
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    368,386
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    4.39
</TD>
<TD nowrap align="left" valign="bottom">
    %
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 20pt">
    <B>Total Signing</B>
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    <B>6,811,444</B>
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    <B>81.23</B>
</TD>
<TD nowrap align="left" valign="bottom">
    <B>%</B>
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Jianxun Wang(1)
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    53,895
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    0.64
</TD>
<TD nowrap align="left" valign="bottom">
    %
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 20pt">
    <B>Total Shareholders</B>
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    <B>6,865,339</B>
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    <B>81.87</B>
</TD>
<TD nowrap align="left" valign="bottom">
    <B>%</B>
</TD>
</TR>
</TABLE>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">

</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV style="font-size: 1pt; margin-left: 0%; width: 13%;  align: left; border-bottom: 1pt solid #000000"></DIV><!-- callerid=999 iwidth=456 length=60 -->

<DIV style="margin-top: 3pt; font-size: 1pt">&nbsp;</DIV>



<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">

<TR>
    <TD width="2%"></TD>
    <TD width="1%"></TD>
    <TD width="97%"></TD>
</TR>

<TR>
    <TD align="right" valign="top">
    *&#160;</TD>
    <TD></TD>
    <TD valign="bottom">
    Subject to reduction for any share repurchases by SM Cayman
    pursuant to that certain Repayment Agreement dated as of
    June&#160;23, 2009 among SM Cayman, Qinying Liu and Le Yang. Any
    such reduction shall be calculated by subtracting (i)&#160;the
    number of SM Cayman ordinary shares so repurchased multiplied by
    0.0675374 from (ii)&#160;the number of ID Cayman shares set
    forth on this Schedule next to such person&#146;s name.</TD>
</TR>

</TABLE>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">Share
    Allocation&#160;&#151; Warrantholders</FONT></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<TABLE border="0" width="100%" align="center" cellpadding="0" cellspacing="0" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
<!-- Table Width Row BEGIN -->
<TR style="font-size: 1pt" valign="bottom">
    <TD width="62%">&nbsp;</TD>	<!-- colindex=01 type=maindata -->
    <TD width="2%">&nbsp;</TD>	<!-- colindex=02 type=gutter -->
    <TD width="1%" align="right">&nbsp;</TD>	<!-- colindex=02 type=lead -->
    <TD width="9%" align="right">&nbsp;</TD>	<!-- colindex=02 type=body -->
    <TD width="1%" align="left">&nbsp;</TD>	<!-- colindex=02 type=hang1 -->
    <TD width="3%">&nbsp;</TD>	<!-- colindex=03 type=gutter -->
    <TD width="1%" align="right">&nbsp;</TD>	<!-- colindex=03 type=lead -->
    <TD width="5%" align="right">&nbsp;</TD>	<!-- colindex=03 type=body -->
    <TD width="1%" align="left">&nbsp;</TD>	<!-- colindex=03 type=hang1 -->
    <TD width="3%">&nbsp;</TD>	<!-- colindex=04 type=gutter -->
    <TD width="1%" align="right">&nbsp;</TD>	<!-- colindex=04 type=lead -->
    <TD width="10%" align="right">&nbsp;</TD>	<!-- colindex=04 type=body -->
    <TD width="1%" align="left">&nbsp;</TD>	<!-- colindex=04 type=hang1 -->
</TR>
<!-- Table Width Row END -->
<TR style="font-size: 8pt" valign="bottom" align="center">
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>Number of ID<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom" align="center">
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>Cayman Shares<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom" align="center">
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>Underlying<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>Exercise<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>Earn-out Shares<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom" align="center">
<TD nowrap align="left" valign="bottom">
<DIV style="border-bottom: 1px solid #000000; width: 1%; padding-bottom: 1px">
    <B>SM Warrantholder</B>
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    <B>Warrants</B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    <B>Price</B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    <B>Percentage</B>
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR style="line-height: 3pt; font-size: 1pt">
<TD>&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    China Seed Ventures&#160;&#151; Series&#160;A
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    675,374
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    1.48
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    8.06
</TD>
<TD nowrap align="left" valign="bottom">
    %
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    China Seed Ventures&#160;&#151; Series&#160;B
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    33,769
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    8.14
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    0.40
</TD>
<TD nowrap align="left" valign="bottom">
    %
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    China Seed Ventures&#160;&#151; Series&#160;C
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    79,443
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    6.51
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    0.95
</TD>
<TD nowrap align="left" valign="bottom">
    %
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    China Seed Ventures&#160;&#151; DB Transferred
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    67,152
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    0.0001
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    0.80
</TD>
<TD nowrap align="left" valign="bottom">
    %
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Linden Ventures II
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    396,826
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    6.30
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    4.73
</TD>
<TD nowrap align="left" valign="bottom">
    %
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Deutsche Bank AG
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    255,427
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    8.14
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    3.05
</TD>
<TD nowrap align="left" valign="bottom">
    %
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Qinying Liu
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    2,239
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    0.0001
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    0.03
</TD>
<TD nowrap align="left" valign="bottom">
    %
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Le Yang
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    2,239
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    0.0001
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    0.03
</TD>
<TD nowrap align="left" valign="bottom">
    %
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Xuebao Yang
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    2,239
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    0.0001
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    0.03
</TD>
<TD nowrap align="left" valign="bottom">
    %
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Jianhai Huang
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    2,239
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    0.0001
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    0.03
</TD>
<TD nowrap align="left" valign="bottom">
    %
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Min Wu
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    2,239
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    0.0001
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    0.03
</TD>
<TD nowrap align="left" valign="bottom">
    %
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 20pt">
    <B>Total Warrantholders</B>
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    <B>1,519,186</B>
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    <B>18.14</B>
</TD>
<TD nowrap align="left" valign="bottom">
    <B>%</B>
</TD>
</TR>
</TABLE>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">

</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV style="font-size: 1pt; margin-left: 0%; width: 13%;  align: left; border-bottom: 1pt solid #000000"></DIV><!-- callerid=999 iwidth=456 length=60 -->

<DIV style="margin-top: 3pt; font-size: 1pt">&nbsp;</DIV>



<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">

<TR>
    <TD width="2%"></TD>
    <TD width="1%"></TD>
    <TD width="97%"></TD>
</TR>

<TR>
    <TD align="right" valign="top">
    (1) </TD>
    <TD></TD>
    <TD valign="bottom">
    Non-signing shareholder.</TD>
</TR>

</TABLE>

<P align="center" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <BR>
    A-3-11
</DIV><!-- END PAGE WIDTH -->
<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>

<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->

<DIV align="center" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><U><FONT style="font-family: 'Times New Roman', Times">Exhibit&#160;1</FONT></U></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">EXHIBIT&#160;A</FONT></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">Memorandum
    and Articles of Association of ID Cayman<BR>
    [SEE ANNEX B]</FONT></B>
</DIV>

<P align="center" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <BR>
    A-3-12
</DIV><!-- END PAGE WIDTH -->
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<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->

<DIV align="center" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><U><FONT style="font-family: 'Times New Roman', Times">Exhibit&#160;2</FONT></U></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">EXHIBIT&#160;I</FONT></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">Ideation
    Charter Amendment</FONT></B>
</DIV>

<DIV style="margin-top: 16pt; font-size: 1pt">&nbsp;</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">CERTIFICATE
    OF AMENDMENT<BR>
    TO<BR>
    THE AMENDED AND RESTATED CERTIFICATE OF INCORPORATION<BR>
    OF<BR>
    IDEATION ACQUISITION CORP.</FONT></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    IDEATION ACQUISITION CORP., a corporation organized and existing
    under and by virtue of the General Corporation Law of the State
    of Delaware (the &#147;Corporation&#148;), DOES HEREBY CERTIFY:
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <I>FIRST:</I>&#160;&#160;That the Board of Directors of said
    corporation, at a duly called and held meeting of its members,
    adopted a resolution proposing and declaring advisable the
    following amendment to the Amended and Restated Certificate of
    Incorporation of said corporation (the &#147;Amendment&#148;):
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    RESOLVED, that SECTION&#160;D OF ARTICLE&#160;SIXTH of the
    Amended and Restated Certificate of Incorporation of the
    Corporation is amended in its entirety to read as follows:
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    &#147;At the time the Corporation seeks approval of the Initial
    Business Combination in accordance with paragraph&#160;C above,
    each holder of IPO Shares (each a &#147;Public
    Stockholder&#148;) may, at its option, in accordance with the
    terms of this Section, convert its IPO Shares into cash at a per
    share conversion price (the &#147;Conversion Price&#148;),
    calculated as of two business days prior to the proposed
    consummation of the Initial Business Combination, equal to
    (A)&#160;the amount in the Trust&#160;Account, inclusive of
    (x)&#160;the proceeds from the IPO held in the
    Trust&#160;Account and the proceeds from the sale of the Insider
    Warrants, (y)&#160;the amount held in the Trust Account
    representing the Deferred Underwriting Compensation and
    (z)&#160;any interest income earned on the funds held in the
    Trust&#160;Account, net of taxes payable, that is not released
    to the Corporation to cover its operating expenses in accordance
    with paragraph&#160;B above, divided by (B)&#160;the number of
    IPO Shares outstanding on the date of calculation (including
    shares sold pursuant to the exercise of the over-allotment
    option, if any). If a majority of the shares voted by the Public
    Stockholders are voted to approve the Initial Business
    Combination, and if Public Stockholders owning less than 30% of
    the total IPO Shares both (1)&#160;vote against approval of the
    proposed Initial Business Combination and (2)&#160;elect to
    convert their shares, the Corporation will proceed with such
    Initial Business Combination. If the Corporation so proceeds,
    subject to the availability of lawful funds therefor, the
    Corporation will convert IPO Shares held by those Public
    Stockholders who have voted such IPO Shares, either in person or
    by proxy, for or against the Initial Business Combination,
    regardless of whether such IPO Shares were voted for or against
    the Initial Business Combination, and in connection with voting
    such shares, have affirmatively elected to convert such IPO
    Shares into cash at the Conversion Price. Only Public
    Stockholders shall be entitled to receive distributions from the
    Trust&#160;Account in connection with the approval of an Initial
    Business Combination, and the Corporation shall pay no
    distributions with respect to any other holders or shares of
    capital stock of the Corporation. If Public Stockholders holding
    30% or more of the IPO Shares vote against approval of the
    proposed Initial Business Combination and elect to convert their
    IPO Shares, the Corporation will not proceed with such Initial
    Business Combination and will not convert any IPO Shares.&#148;
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <I>SECOND:</I>&#160;&#160;This Certificate of Amendment was duly
    adopted by the stockholders of the Corporation in accordance
    with Section&#160;242 of the General Corporation Law of the
    State of Delaware.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <I>THIRD:</I>&#160;&#160;That the aforesaid amendment was duly
    adopted in accordance with the applicable provisions of
    Sections&#160;242 of the General Corporation Law of the State of
    Delaware.
</DIV>

<P align="center" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <BR>
    A-3-13
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<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    IN WITNESS WHEREOF, the Corporation has caused this certificate
    to be signed by its President and Chief Executive Officer,
    this&#160;&#160;&#160;&#160;&#160;day
    of&#160;&#160;&#160;&#160;&#160;&#160;&#160;,&#160;&#160;&#160;&#160;&#160;.
</DIV>

<DIV style="margin-top: 24pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 49%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    IDEATION ACQUISITION CORP.
</DIV>

<DIV style="margin-top: 48pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="49%"></TD>
    <TD width="4%"></TD>
    <TD width="47%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    By:&#160;
</TD>
    <TD align="left">
    <DIV style="display:inline; text-align:left;">&#160;&#160;&#160;<FONT style="font-variant: SMALL-CAPS">&#160;</FONT></DIV>
</TD>
</TR>

</TABLE>

<DIV style="font-size: 2pt; margin-left: 53%; width: 100%;  align: left; border-bottom: 1pt solid #000000"></DIV><!-- callerid=999 iwidth=456 length=0 -->

<DIV align="left" style="margin-left: 53%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Name:&#160;&#160;&#160;&#160;&#160;Robert Fried
</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="53%"></TD>
    <TD width="8%"></TD>
    <TD width="39%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    Title:&#160;
</TD>
    <TD align="left">
    President and Chief Executive Officer
</TD>
</TR>

</TABLE>

<P align="center" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <BR>
    A-3-14
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<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->

<DIV align="right" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times"><FONT style="white-space: nowrap">Annex&#160;A-4</FONT></FONT></B>
</DIV>

<DIV style="margin-top: 18pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">THIRD
    AMENDMENT TO<BR>
    AGREEMENT AND PLAN OF MERGER, CONVERSION AND SHARE
    EXCHANGE</FONT></B>
</DIV>


<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    This <B>THIRD AMENDMENT TO AGREEMENT AND PLAN OF MERGER,
    CONVERSION AND SHARE EXCHANGE
    </B>(&#147;<B><I>Amendment</I></B>&#148;) effective this
    22nd&#160;day of September, 2009 is by and among Ideation
    Acquisition Corp., a corporation incorporated in the State of
    Delaware, USA (&#147;<B><I>Ideation</I></B>&#148;), ID Arizona
    Corp., a corporation incorporated in the State of Arizona, USA,
    Earl Yen (the &#147;<B><I>CSV Representative</I></B>&#148;),
    Tommy Cheung and Terrance Hogan (collectively, the
    &#147;<B><I>DB Representative</I></B>&#148;), Qinying Liu (the
    &#147;<B><I>Management Shareholder Representative</I></B>&#148;
    and, together with the CSV Representative and the DB
    Representative, the &#147;<B><I>SM Shareholders&#146;
    Representatives</I></B>&#148;) and Linden Ventures&#160;II
    (BVI), Ltd. (&#147;<B><I>Linden</I></B>&#148;).
</DIV>


<DIV style="margin-top: 18pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><U><FONT style="font-family: 'Times New Roman', Times">Recitals</FONT></U></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <B>WHEREAS, </B>SearchMedia International Limited, a company
    organized under the laws of the Cayman Islands (the
    &#147;<B><I>Company</I></B>&#148;), Ideation, the SM
    Shareholders&#146; Representatives and Linden, along with the
    other parties thereto, have previously entered into that certain
    Agreement and Plan of Merger, Conversion and Share Exchange
    dated as of March&#160;31, 2009, including the exhibits and
    schedules thereto (as amended, the
    &#147;<B><I>SEA</I></B>&#148;);
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <B>WHEREAS</B>, the parties to the SEA also desire to make
    certain amendments to the SEA as set forth herein;&#160;and
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <B>WHEREAS</B>, in accordance with Section&#160;16.2 of the SEA,
    Ideation, a majority of the SM Shareholders&#146;
    Representatives and Linden wish to amend the SEA to reflect the
    terms set forth below.
</DIV>

<DIV style="margin-top: 18pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><U><FONT style="font-family: 'Times New Roman', Times">Agreement</FONT></U></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <B>NOW, THEREFORE, </B>in consideration of the premises, the
    mutual covenants set forth herein, and for other good and
    valuable consideration, the receipt and sufficiency of which are
    hereby acknowledged, the parties hereby agree as follows:
</DIV>


<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    1.&#160;Schedule&#160;B to the SEA is hereby amended and
    restated in its entirety to read as set forth in Schedule&#160;1
    to this Amendment and Schedule&#160;C to the SEA is hereby
    amended and restated in its entirety to read as set forth in
    Schedule&#160;2 to this Amendment, in each case in order to
    reflect the repurchase (the &#147;<B><I>Permitted
    Repurchases</I></B>&#148;) by the Company of an aggregate of
    3,000,000 SM Ordinary Shares and SM Preferred Shares and grants
    (the &#147;<B><I>Permitted Grants</I></B>&#148;) by the Company
    of awards to employees of the Company and its subsidiaries in
    the form of options exercisable for an aggregate of 3,000,000 SM
    Ordinary Shares, pursuant to the SearchMedia International
    Limited 2008&#160;Share Incentive Plan.
</DIV>


<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    2.&#160;Clause&#160;(iv) of the definition of &#147;Adjusted Net
    Income&#148; set forth in Annex A of the SEA is hereby amended
    and restated in its entirety to read as follows:
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 8%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    &#147;(iv) any compensation charges attributable to the
    Permitted Repurchases or the Permitted Grants,&#148;
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    3.&#160;Section&#160;5.2(b)(ii) of the SEA is hereby deleted in
    its entirety and replaced with &#147;Intentionally
    Deleted,&#148; and all references to the &#147;Unearned
    Portion&#148; or Section&#160;5.2(b)(ii) in the SEA shall be
    deleted, including without limitation the references in
    Sections&#160;5.2(b)(iii), 5.2(b)(iv), 5.2(b)(v), 16.5 and
    Annex&#160;A.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    4.&#160;Section&#160;12.4 of the SEA is hereby amended and
    restated in its entirety to read as follows:
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 8%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    &#147;<I>Board Composition. </I>Ideation shall take such action,
    including amending its bylaws, as may be required to cause the
    number of directors constituting the Combined Board immediately
    after the Closing to consist of eight (8)&#160;persons, for a
    period commencing on the Closing Date and ending not sooner than
    the third anniversary of the Closing Date. Ideation shall have
    received the resignation of a sufficient number of current
    directors (which resignation may be conditioned upon the Closing
    of the Share Exchange) to allow for the election of the Director
    Nominees pursuant to this Section, and the remaining members of
    the Ideation Board shall have elected the other Director
    Nominees (as hereafter defined) as members of the Combined
    Board, effective upon the Closing, to fill the vacancies created
    by such increase in the size of the board and such resignations.
    Each Director
</DIV>

<P align="center" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <BR>
    A-4-1
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<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->

<DIV align="left" style="margin-left: 8%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Nominee shall serve as a director for a term expiring at ID
    Cayman&#146;s next annual meeting of stockholders following the
    Closing Date and until his or her successor is elected and
    qualified. &#147;<B><I>Director Nominees</I></B>&#148; means
    (i)&#160;four (4)&#160;persons nominated by the Ideation
    Representative (at least two (2)&#160;of whom shall be
    &#147;independent directors&#148; as such term is defined in the
    rules and regulations of AMEX (&#147;<B><I>Independent
    Directors</I></B>&#148;) and at least one (1)&#160;of whom must
    be a
    <FONT style="white-space: nowrap">non-U.S.&#160;citizen)</FONT>
    and (ii)&#160;four (4)&#160;persons nominated by the SM
    Shareholders&#146; Representatives in accordance with
    Section&#160;16.5(b) of this Agreement (i.e., by a majority in
    number of such SM Shareholders&#146; Representatives), at least
    three (3)&#160;of whom shall be Independent Directors, and at
    least three (3)&#160;of whom shall be
    <FONT style="white-space: nowrap">non-U.S.&#160;citizens).&#148;</FONT>
</DIV>


<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    5.&#160;Section&#160;9.5 of the SEA is hereby amended and
    restated in its entirety as follows:
</DIV>



<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 8%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    &#147;<I>Section&#160;9.5 Other Pre-Closing Covenants</I>. Prior
    to the Closing, (i)&#160;each of the SM Entities agrees that it
    shall, and each of the SM Shareholders agrees that it shall use
    commercially reasonable efforts (which, with respect to the SM
    Institutional Shareholders, shall only mean the directing of
    such SM Institutional Shareholder&#146;s nominee(s) on the board
    of directors of SM Cayman to vote against any action in
    contravention of this Section&#160;9.5) to, cause the relevant
    Group Companies to complete the actions set forth in
    items&#160;2 and 4 of Schedule&#160;9.5, (ii)&#160;each of the
    SM Entities and each of the SM Shareholders agrees that it shall
    use commercially reasonable efforts (which, with respect to the
    SM Institutional Shareholders, shall only mean the directing of
    such SM Institutional Shareholder&#146;s nominee(s) on the board
    of directors of SM Cayman to vote against any action in
    contravention of this Section&#160;9.5) to, cause the relevant
    Group Companies to complete the actions set forth in item&#160;3
    of Schedule&#160;9.5, (iii)&#160;Ms.&#160;Liu and Ms.&#160;Yang
    shall use commercially reasonable efforts to complete the
    actions set forth in item&#160;1 of Schedule&#160;9.5, and
    (iv)&#160;all amounts owing by Ms.&#160;Liu and Ms.&#160;Yang to
    SM Cayman shall have been repaid in accordance with the terms of
    that certain Repayment Agreement dated as of June&#160;23, 2009
    among SM Cayman, Ms.&#160;Liu and Ms.&#160;Yang.&#148;
</DIV>


<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    6.&#160;The following sentence shall be added to
    Section&#160;12.5 of the SEA:
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 8%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    &#147;The Ideation Parties, on the one hand, and the SM
    Entities, on the other hand, covenant and agree to use
    commercially reasonable efforts prior to Closing to reduce the
    expenses incurred by each such group, respectively, in
    connection with this transaction by $2,000,000.&#148;
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    7.&#160;The
    <FONT style="white-space: nowrap">Lock-Up</FONT>
    Agreements, as set forth in
    <I><FONT style="white-space: nowrap">Exhibit&#160;F-1</FONT>
    </I>and <I>F-2 </I>to the SEA, are hereby amended and restated
    in their entireties as set forth in <I>Exhibit&#160;1 </I>and
    <I>Exhibit&#160;2 </I>to this Amendment, respectively.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    8.&#160;Except as amended by the terms of this Amendment, the
    SEA remains in full force and effect.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    9.&#160;Unless otherwise defined, capitalized terms used herein
    have the meanings given to them in the SEA.
</DIV>

<DIV style="margin-top: 18pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <I><FONT style="font-family: 'Times New Roman', Times">[Signature
    Page&#160;Follows]</FONT></I>
</DIV>

<P align="center" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <BR>
    A-4-2
</DIV><!-- END PAGE WIDTH -->
<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>

<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <B>IN WITNESS WHEREOF</B>, the parties have executed this
    Amendment as of the date and year first set forth above.
</DIV>

<DIV style="margin-top: 24pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 49%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <B>IDEATION ACQUISITION CORP.</B>
</DIV>

<DIV style="margin-top: 48pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="49%"></TD>
    <TD width="4%"></TD>
    <TD width="47%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    By:&#160;
</TD>
    <TD align="left">
    <DIV style="display:inline; text-align:left;">/s/&#160;&#160;<FONT style="font-variant: SMALL-CAPS">Robert
    N. Fried</FONT></DIV>
</TD>
</TR>

</TABLE>

<DIV style="font-size: 2pt; margin-left: 53%; width: 100%;  align: left; border-bottom: 1pt solid #000000"></DIV><!-- callerid=999 iwidth=456 length=0 -->

<DIV align="left" style="margin-left: 53%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Name:&#160;&#160;&#160;&#160;&#160;&#160;Robert N. Fried
</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="53%"></TD>
    <TD width="12%"></TD>
    <TD width="35%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    Title:&#160;&#160;
</TD>
    <TD align="left">
    President and Chief Executive Officer
</TD>
</TR>

</TABLE>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="49%"></TD>
    <TD width="16%"></TD>
    <TD width="35%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#160;&#160;&#160;&#160;Address:&#160;
</TD>
    <TD align="left">
    1990&#160;S.&#160;Bundy Drive, Suite&#160;620
</TD>
</TR>

</TABLE>

<DIV align="left" style="margin-left: 65%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Los Angeles, CA 90025
</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="49%"></TD>
    <TD width="16%"></TD>
    <TD width="35%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#160;&#160;&#160;&#160;Facsimile:&#160;
</TD>
    <TD align="left">
    <FONT style="white-space: nowrap">(310)&#160;861-5454</FONT>
</TD>
</TR>

</TABLE>

<DIV style="margin-top: 48pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">

</DIV>

<DIV style="margin-top: 24pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 49%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <B>ID ARIZONA CORP.</B>
</DIV>

<DIV style="margin-top: 48pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="49%"></TD>
    <TD width="4%"></TD>
    <TD width="47%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    By:&#160;
</TD>
    <TD align="left">
    <DIV style="display:inline; text-align:left;">/s/&#160;&#160;<FONT style="font-variant: SMALL-CAPS">Robert
    N. Fried</FONT></DIV>
</TD>
</TR>

</TABLE>

<DIV style="font-size: 2pt; margin-left: 53%; width: 100%;  align: left; border-bottom: 1pt solid #000000"></DIV><!-- callerid=999 iwidth=456 length=0 -->

<DIV align="left" style="margin-left: 53%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Name:&#160;&#160;&#160;&#160;&#160;&#160;Robert N. Fried
</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="53%"></TD>
    <TD width="12%"></TD>
    <TD width="35%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    Title:&#160;&#160;
</TD>
    <TD align="left">
    President and Chief Executive Officer
</TD>
</TR>

</TABLE>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="49%"></TD>
    <TD width="16%"></TD>
    <TD width="35%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#160;&#160;&#160;&#160;Address:&#160;
</TD>
    <TD align="left">
    1990&#160;S.&#160;Bundy Drive, Suite&#160;620
</TD>
</TR>

</TABLE>

<DIV align="left" style="margin-left: 65%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Los Angeles, CA 90025
</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="49%"></TD>
    <TD width="16%"></TD>
    <TD width="35%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#160;&#160;&#160;&#160;Facsimile:&#160;
</TD>
    <TD align="left">
    <FONT style="white-space: nowrap">(310)&#160;861-5454</FONT>
</TD>
</TR>

</TABLE>

<DIV style="margin-top: 48pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 49%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <B>MANAGEMENT SHAREHOLDER REPRESENTATIVE:</B>
</DIV>

<DIV style="margin-top: 24pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 49%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <DIV style="display:inline; text-align:left;">/s/&#160;&#160;<FONT style="font-variant: SMALL-CAPS">Qinying
    Liu</FONT></DIV>
</DIV>

<DIV style="font-size: 2pt; margin-left: 49%; width: 100%;  align: left; border-bottom: 1pt solid #000000"></DIV><!-- callerid=999 iwidth=456 length=0 -->

<DIV align="left" style="margin-left: 49%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Name:&#160;&#160;&#160;&#160;&#160;Qinying Liu
</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="49%"></TD>
    <TD width="12%"></TD>
    <TD width="39%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    Address:&#160;
</TD>
    <TD align="left">
    Room&#160;4B, Yinglong Building
</TD>
</TR>

</TABLE>

<DIV align="left" style="margin-left: 61%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    No.&#160;1358 Yan An Road West
</DIV>

<DIV align="left" style="margin-left: 61%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Shanghai 200052, China
</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="49%"></TD>
    <TD width="12%"></TD>
    <TD width="39%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    Facsimile:&#160;
</TD>
    <TD align="left">
    +86
    <FONT style="white-space: nowrap">(21)&#160;6283-0552</FONT>
</TD>
</TR>

</TABLE>

<P align="center" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <BR>
    A-4-3
</DIV><!-- END PAGE WIDTH -->
<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>

<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->

<DIV align="left" style="margin-left: 61%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">

</DIV>

<DIV style="margin-top: 48pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="49%"></TD>
    <TD width="12%"></TD>
    <TD width="39%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>
</TD>
    <TD align="left">
    <B>CSV REPRESENTATIVE:</B>
</TD>
</TR>

</TABLE>

<DIV style="margin-top: 24pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 49%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <DIV style="display:inline; text-align:left;">/s/&#160;&#160;<FONT style="font-variant: SMALL-CAPS">Earl
    Ching-Hwa Yen</FONT></DIV>
</DIV>

<DIV style="font-size: 2pt; margin-left: 49%; width: 100%;  align: left; border-bottom: 1pt solid #000000"></DIV><!-- callerid=999 iwidth=456 length=0 -->

<DIV align="left" style="margin-left: 49%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Name:&#160;&#160;&#160;&#160;&#160;Earl Ching-Hwa Yen
</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="49%"></TD>
    <TD width="12%"></TD>
    <TD width="39%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    Address:&#160;&#160;&#160;&#160;&#160;
</TD>
    <TD align="left">
    Rm. 104, Bldg.18
</TD>
</TR>

</TABLE>

<DIV align="left" style="margin-left: 61%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    No.&#160;800 Huashan Road
</DIV>

<DIV align="left" style="margin-left: 61%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Shanghai 200050, China
</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="49%"></TD>
    <TD width="12%"></TD>
    <TD width="39%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    Facsimile:&#160;
</TD>
    <TD align="left">
    +86
    <FONT style="white-space: nowrap">(21)&#160;6225-8573</FONT>
</TD>
</TR>

</TABLE>

<DIV style="margin-top: 48pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 49%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <B>DB REPRESENTATIVE:</B>
</DIV>

<DIV style="margin-top: 48pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 49%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <DIV style="display:inline; text-align:left;">/s/&#160;&#160;<FONT style="font-variant: SMALL-CAPS">Tommy
    Cheung</FONT></DIV>
</DIV>

<DIV style="font-size: 2pt; margin-left: 49%; width: 100%;  align: left; border-bottom: 1pt solid #000000"></DIV><!-- callerid=999 iwidth=456 length=0 -->

<DIV align="left" style="margin-left: 49%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Name:&#160;&#160;&#160;&#160;&#160;Tommy Cheung
</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="49%"></TD>
    <TD width="12%"></TD>
    <TD width="39%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    Address:&#160;&#160;&#160;&#160;&#160;
</TD>
    <TD align="left">
    56/F, Cheung Kong Center
</TD>
</TR>

</TABLE>

<DIV align="left" style="margin-left: 61%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    2 Queen&#146;s Road Central
</DIV>

<DIV align="left" style="margin-left: 61%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Hong Kong
</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="49%"></TD>
    <TD width="12%"></TD>
    <TD width="39%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    Facsimile:&#160;
</TD>
    <TD align="left">
    +852
    <FONT style="white-space: nowrap">2203-8304</FONT>
</TD>
</TR>

</TABLE>


<DIV style="margin-top: 24pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 49%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <DIV style="display:inline; text-align:left;">/s/&#160;&#160;<FONT style="font-variant: SMALL-CAPS">Terrance
    Hogan</FONT></DIV>
</DIV>


<DIV align="left" style="margin-left: 49%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">

    <DIV style="font-size: 2pt; margin-left: 0%; width: 100%;  align: left; border-bottom: 1pt solid #000000"></DIV><!-- callerid=128 iwidth=229 length=0 -->
</DIV>


<DIV align="left" style="margin-left: 49%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
     Name:&#160;&#160;&#160;&#160;&#160;Terrance Hogan
</DIV>


<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="49%"></TD>
    <TD width="12%"></TD>
    <TD width="39%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>     Address:&#160;&#160;&#160;&#160;&#160;
</TD>
    <TD align="left">
    56/F, Cheung Kong Center
</TD>
</TR>

</TABLE>

<DIV align="left" style="margin-left: 61%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    2 Queen&#146;s Road Central
</DIV>

<DIV align="left" style="margin-left: 61%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Hong Kong
</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="49%"></TD>
    <TD width="12%"></TD>
    <TD width="39%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    Facsimile:&#160;
</TD>
    <TD align="left">
    +852
    <FONT style="white-space: nowrap">2203-8304</FONT>
</TD>
</TR>

</TABLE>

<DIV style="margin-top: 24pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 49%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <B>LINDEN VENTURES II (BVI), LTD.</B>
</DIV>

<DIV style="margin-top: 48pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="49%"></TD>
    <TD width="4%"></TD>
    <TD width="47%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    By:&#160;
</TD>
    <TD align="left">
    <DIV style="display:inline; text-align:left;">/s/&#160;&#160;<FONT style="font-variant: SMALL-CAPS">Craig
    Jarvis</FONT></DIV>
</TD>
</TR>

</TABLE>

<DIV style="font-size: 2pt; margin-left: 53%; width: 100%;  align: left; border-bottom: 1pt solid #000000"></DIV><!-- callerid=999 iwidth=456 length=0 -->


<DIV align="left" style="margin-left: 53%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
     Name:&#160;&#160;&#160;&#160;&#160;&#160;Craig Jarvis
</DIV>



<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="53%"></TD>
    <TD width="12%"></TD>
    <TD width="35%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>     Title:&#160;&#160;
</TD>
    <TD align="left">
    Authorized Signatory
</TD>
</TR>

</TABLE>


<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="49%"></TD>
    <TD width="16%"></TD>
    <TD width="35%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>     &#160;&#160;&#160;&#160;Address:&#160;
</TD>
    <TD align="left">
    <FONT style="white-space: nowrap">c/o&#160;Linden</FONT>
    Advisors LP,
</TD>
</TR>

</TABLE>


<DIV align="left" style="margin-left: 65%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
     590 Madison Ave., 15th Floor,<BR>
    New York, NY 10022, USA
</DIV>


<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="49%"></TD>
    <TD width="16%"></TD>
    <TD width="35%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>     &#160;&#160;&#160;&#160;Facsimile:&#160;
</TD>
    <TD align="left">
    +1
    <FONT style="white-space: nowrap">(646)&#160;840-3625</FONT>
</TD>
</TR>

</TABLE>

<P align="center" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <BR>
    A-4-4
</DIV><!-- END PAGE WIDTH -->
<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>

<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->

<DIV align="center" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><U><FONT style="font-family: 'Times New Roman', Times">Schedule&#160;1</FONT></U></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">SCHEDULE&#160;B</FONT></B>
</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">SM Share
    Ownership*</FONT></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<TABLE border="0" width="100%" align="center" cellpadding="0" cellspacing="0" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
<!-- Table Width Row BEGIN -->
<TR style="font-size: 1pt" valign="bottom">
    <TD width="68%">&nbsp;</TD>	<!-- colindex=01 type=maindata -->
    <TD width="2%">&nbsp;</TD>	<!-- colindex=02 type=gutter -->
    <TD width="1%" align="right">&nbsp;</TD>	<!-- colindex=02 type=lead -->
    <TD width="10%" align="right">&nbsp;</TD>	<!-- colindex=02 type=body -->
    <TD width="1%" align="left">&nbsp;</TD>	<!-- colindex=02 type=hang1 -->
    <TD width="3%">&nbsp;</TD>	<!-- colindex=03 type=gutter -->
    <TD width="1%" align="right">&nbsp;</TD>	<!-- colindex=03 type=lead -->
    <TD width="13%" align="right">&nbsp;</TD>	<!-- colindex=03 type=body -->
    <TD width="1%" align="left">&nbsp;</TD>	<!-- colindex=03 type=hang1 -->
</TR>
<!-- Table Width Row END -->
<TR style="font-size: 8pt" valign="bottom" align="center">
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>Number of SM<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>Percentage<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom" align="center">
<TD nowrap align="left" valign="bottom">
<DIV style="border-bottom: 1px solid #000000; width: 1%; padding-bottom: 1px">
    <B>SM Shareholder</B>
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    <B>Shares Held**</B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    <B>Ownership Interest</B>
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR style="line-height: 3pt; font-size: 1pt">
<TD>&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Deutsche Bank AG
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    31,753,771
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    32.19
</TD>
<TD nowrap align="left" valign="bottom">
    %
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    China Seed Ventures
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    20,010,307
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    20.28
</TD>
<TD nowrap align="left" valign="bottom">
    %
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Qinying Liu
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    14,224,653
</TD>
<TD nowrap align="left" valign="bottom">
    ***
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    14.42
</TD>
<TD nowrap align="left" valign="bottom">
    %
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Le Yang
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    14,224,653
</TD>
<TD nowrap align="left" valign="bottom">
    ***
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    14.42
</TD>
<TD nowrap align="left" valign="bottom">
    %
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Sun Hing Associates Ltd.&#160;
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    12,348,688
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    12.52
</TD>
<TD nowrap align="left" valign="bottom">
    %
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Vervain Equity Investment
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    5,292,293
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    5.36
</TD>
<TD nowrap align="left" valign="bottom">
    %
</TD>
</TR>
<TR valign="bottom" style="font-size: 1pt">
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 20pt">
    <B>Total Signing</B>
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    <B>97,854,365</B>
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    <B>99.19</B>
</TD>
<TD nowrap align="left" valign="bottom">
    <B>%</B>
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Jianxun Wang(1)
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    798,000
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    0.81
</TD>
<TD nowrap align="left" valign="bottom">
    %
</TD>
</TR>
<TR valign="bottom" style="font-size: 1pt">
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 20pt">
    <B>Total</B>
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    <B>98,652,365</B>
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    <B>100.00</B>
</TD>
<TD nowrap align="left" valign="bottom">
    <B>%</B>
</TD>
</TR>
<TR valign="bottom" style="font-size: 1pt">
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
</TABLE>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">

</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV style="font-size: 1pt; margin-left: 0%; width: 13%;  align: left; border-bottom: 1pt solid #000000"></DIV><!-- callerid=999 iwidth=456 length=60 -->

<DIV style="margin-top: 3pt; font-size: 1pt">&nbsp;</DIV>



<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">

<TR>
    <TD width="4%"></TD>
    <TD width="1%"></TD>
    <TD width="95%"></TD>
</TR>

<TR>
    <TD align="right" valign="top">
    *&#160;</TD>
    <TD></TD>
    <TD valign="bottom">
    Does not reflect outstanding options issued under the ESOP.</TD>
</TR>


<TR style="line-height: 3pt; font-size: 1pt"><TD>&nbsp;</TD></TR>

<TR>
    <TD align="right" valign="top">
    ** </TD>
    <TD></TD>
    <TD valign="bottom">
    Reflects the number of SM Ordinary Shares held by each SM
    Shareholder after giving effect to the Preferred Conversion.</TD>
</TR>


<TR style="line-height: 3pt; font-size: 1pt"><TD>&nbsp;</TD></TR>

<TR>
    <TD align="right" valign="top">
    *** </TD>
    <TD></TD>
    <TD valign="bottom">
    Subject to reduction for any share repurchases by SM Cayman
    pursuant to that certain Repayment Agreement dated as of
    June&#160;23, 2009 among SM Cayman, Qinying Liu and Le Yang.</TD>
</TR>


<TR style="line-height: 3pt; font-size: 1pt"><TD>&nbsp;</TD></TR>

<TR>
    <TD align="right" valign="top">
    (1) </TD>
    <TD></TD>
    <TD valign="bottom">
    Non-signing shareholder.</TD>
</TR>

</TABLE>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">SM
    Warrant Ownership</FONT></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<TABLE border="0" width="100%" align="center" cellpadding="0" cellspacing="0" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
<!-- Table Width Row BEGIN -->
<TR style="font-size: 1pt" valign="bottom">
    <TD width="83%">&nbsp;</TD>	<!-- colindex=01 type=maindata -->
    <TD width="2%">&nbsp;</TD>	<!-- colindex=02 type=gutter -->
    <TD width="1%" align="right">&nbsp;</TD>	<!-- colindex=02 type=lead -->
    <TD width="13%" align="right">&nbsp;</TD>	<!-- colindex=02 type=body -->
    <TD width="1%" align="left">&nbsp;</TD>	<!-- colindex=02 type=hang1 -->
</TR>
<!-- Table Width Row END -->
<TR style="font-size: 8pt" valign="bottom" align="center">
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>Number of SM<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom" align="center">
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>Shares Underlying<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom" align="center">
<TD nowrap align="left" valign="bottom">
<DIV style="border-bottom: 1px solid #000000; width: 1%; padding-bottom: 1px">
    <B>SM Warrantholder</B>
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    <B>Warrants</B>
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR style="line-height: 3pt; font-size: 1pt">
<TD>&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    China Seed Ventures
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    12,670,568
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Linden Ventures II
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    5,875,639
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Deutsche Bank AG
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    3,782,000
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Qinying Liu
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    33,142
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Le Yang
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    33,142
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Xuebao Yang
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    33,142
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Jianhai Huang
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    33,142
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Min Wu
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    33,142
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="font-size: 1pt">
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 20pt">
    <B>Total</B>
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    <B>22,493,917</B>
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="font-size: 1pt">
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
</TABLE>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">

</DIV>

<P align="center" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <BR>
    A-4-5
</DIV><!-- END PAGE WIDTH -->
<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>

<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->

<DIV align="center" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><U><FONT style="font-family: 'Times New Roman', Times">Schedule&#160;2</FONT></U></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">SCHEDULE&#160;C</FONT></B>
</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">Share
    Allocation&#160;&#151; Shareholders</FONT></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<TABLE border="0" width="100%" align="center" cellpadding="0" cellspacing="0" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
<!-- Table Width Row BEGIN -->
<TR style="font-size: 1pt" valign="bottom">
    <TD width="70%">&nbsp;</TD>	<!-- colindex=01 type=maindata -->
    <TD width="2%">&nbsp;</TD>	<!-- colindex=02 type=gutter -->
    <TD width="1%" align="right">&nbsp;</TD>	<!-- colindex=02 type=lead -->
    <TD width="10%" align="right">&nbsp;</TD>	<!-- colindex=02 type=body -->
    <TD width="1%" align="left">&nbsp;</TD>	<!-- colindex=02 type=hang1 -->
    <TD width="3%">&nbsp;</TD>	<!-- colindex=03 type=gutter -->
    <TD width="1%" align="right">&nbsp;</TD>	<!-- colindex=03 type=lead -->
    <TD width="11%" align="right">&nbsp;</TD>	<!-- colindex=03 type=body -->
    <TD width="1%" align="left">&nbsp;</TD>	<!-- colindex=03 type=hang1 -->
</TR>
<!-- Table Width Row END -->
<TR style="font-size: 8pt" valign="bottom" align="center">
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>Initial<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>Earn-out Shares<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom" align="center">
<TD nowrap align="left" valign="bottom">
<DIV style="border-bottom: 1px solid #000000; width: 1%; padding-bottom: 1px">
    <B>SM Shareholder</B>
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    <B>Share Payment</B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    <B>Percentage</B>
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR style="line-height: 3pt; font-size: 1pt">
<TD>&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Deutsche Bank AG
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    2,144,568
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    26.21
</TD>
<TD nowrap align="left" valign="bottom">
    %
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    China Seed Ventures
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    1,351,445
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    16.52
</TD>
<TD nowrap align="left" valign="bottom">
    %
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Qinying Liu
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    960,696
</TD>
<TD nowrap align="left" valign="bottom">
    *
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    11.74
</TD>
<TD nowrap align="left" valign="bottom">
    %
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Le Yang
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    960,696
</TD>
<TD nowrap align="left" valign="bottom">
    *
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    11.74
</TD>
<TD nowrap align="left" valign="bottom">
    %
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Sun Hing Associates
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    833,999
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    10.19
</TD>
<TD nowrap align="left" valign="bottom">
    %
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Vervain Equity Investment
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    357,428
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    4.37
</TD>
<TD nowrap align="left" valign="bottom">
    %
</TD>
</TR>
<TR valign="bottom" style="font-size: 1pt">
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 20pt">
    <B>Total Signing</B>
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    <B>6,608,832</B>
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    <B>80.77</B>
</TD>
<TD nowrap align="left" valign="bottom">
    <B>%</B>
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Jianxun Wang(1)
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    53,895
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    0.66
</TD>
<TD nowrap align="left" valign="bottom">
    %
</TD>
</TR>
<TR valign="bottom" style="font-size: 1pt">
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 20pt">
    <B>Total Shareholders</B>
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    <B>6,662,727</B>
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    <B>81.43</B>
</TD>
<TD nowrap align="left" valign="bottom">
    <B>%</B>
</TD>
</TR>
<TR valign="bottom" style="font-size: 1pt">
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
</TABLE>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">

</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV style="font-size: 1pt; margin-left: 0%; width: 13%;  align: left; border-bottom: 1pt solid #000000"></DIV><!-- callerid=999 iwidth=456 length=60 -->

<DIV style="margin-top: 3pt; font-size: 1pt">&nbsp;</DIV>



<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">

<TR>
    <TD width="2%"></TD>
    <TD width="1%"></TD>
    <TD width="97%"></TD>
</TR>

<TR>
    <TD align="right" valign="top">
    *&#160;</TD>
    <TD></TD>
    <TD valign="bottom">
    Subject to reduction for any share repurchases by SM Cayman
    pursuant to that certain Repayment Agreement dated as of
    June&#160;23, 2009 among SM Cayman, Qinying Liu and Le Yang. Any
    such reduction shall be calculated by subtracting (i)&#160;the
    number of SM Cayman ordinary shares so repurchased multiplied by
    0.0675374 from (ii)&#160;the number of ID Cayman shares set
    forth on this Schedule next to such person&#146;s name.</TD>
</TR>

</TABLE>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">Share
    Allocation&#160;&#151; Warrantholders</FONT></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<TABLE border="0" width="100%" align="center" cellpadding="0" cellspacing="0" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
<!-- Table Width Row BEGIN -->
<TR style="font-size: 1pt" valign="bottom">
    <TD width="59%">&nbsp;</TD>	<!-- colindex=01 type=maindata -->
    <TD width="2%">&nbsp;</TD>	<!-- colindex=02 type=gutter -->
    <TD width="1%" align="right">&nbsp;</TD>	<!-- colindex=02 type=lead -->
    <TD width="11%" align="right">&nbsp;</TD>	<!-- colindex=02 type=body -->
    <TD width="1%" align="left">&nbsp;</TD>	<!-- colindex=02 type=hang1 -->
    <TD width="3%">&nbsp;</TD>	<!-- colindex=03 type=gutter -->
    <TD width="1%" align="right">&nbsp;</TD>	<!-- colindex=03 type=lead -->
    <TD width="5%" align="right">&nbsp;</TD>	<!-- colindex=03 type=body -->
    <TD width="1%" align="left">&nbsp;</TD>	<!-- colindex=03 type=hang1 -->
    <TD width="3%">&nbsp;</TD>	<!-- colindex=04 type=gutter -->
    <TD width="1%" align="right">&nbsp;</TD>	<!-- colindex=04 type=lead -->
    <TD width="11%" align="right">&nbsp;</TD>	<!-- colindex=04 type=body -->
    <TD width="1%" align="left">&nbsp;</TD>	<!-- colindex=04 type=hang1 -->
</TR>
<!-- Table Width Row END -->
<TR style="font-size: 8pt" valign="bottom" align="center">
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>Number of ID<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom" align="center">
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>Cayman Shares<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom" align="center">
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>Underlying<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>Exercise<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom">
    <B>Earn-out Shares<BR>
    </B>
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom" align="center">
<TD nowrap align="left" valign="bottom">
<DIV style="border-bottom: 1px solid #000000; width: 1%; padding-bottom: 1px">
    <B>SM Warrantholder</B>
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    <B>Warrants</B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    <B>Price</B>
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD colspan="2" nowrap align="center" valign="bottom" style="border-bottom: 1px solid #000000">
    <B>Percentage</B>
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR style="line-height: 3pt; font-size: 1pt">
<TD>&nbsp;
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    China Seed Ventures&#160;&#151; Series&#160;A
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    675,374
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    1.48
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    8.25
</TD>
<TD nowrap align="left" valign="bottom">
    %
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    China Seed Ventures&#160;&#151; Series&#160;B
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    33,769
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    8.14
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    0.41
</TD>
<TD nowrap align="left" valign="bottom">
    %
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    China Seed Ventures&#160;&#151; Series&#160;C
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    79,443
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    6.51
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    0.97
</TD>
<TD nowrap align="left" valign="bottom">
    %
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    China Seed Ventures&#160;&#151; DB Transferred
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    67,152
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    0.0001
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    0.82
</TD>
<TD nowrap align="left" valign="bottom">
    %
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Linden Ventures II
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    396,826
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    6.30
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    4.85
</TD>
<TD nowrap align="left" valign="bottom">
    %
</TD>
</TR>
<TR valign="bottom">
<TD align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Deutsche Bank AG
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    255,427
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    8.14
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    3.12
</TD>
<TD nowrap align="left" valign="bottom">
    %
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Qinying Liu
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    2,239
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    0.0001
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    0.03
</TD>
<TD nowrap align="left" valign="bottom">
    %
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Le Yang
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    2,239
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    0.0001
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    0.03
</TD>
<TD nowrap align="left" valign="bottom">
    %
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Xuebao Yang
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    2,239
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    0.0001
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    0.03
</TD>
<TD nowrap align="left" valign="bottom">
    %
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Jianhai Huang
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    2,239
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    0.0001
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    0.03
</TD>
<TD nowrap align="left" valign="bottom">
    %
</TD>
</TR>
<TR valign="bottom" style="background: #CCEEFF">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Min Wu
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    2,239
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    $
</TD>
<TD nowrap align="right" valign="bottom">
    0.0001
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    0.03
</TD>
<TD nowrap align="left" valign="bottom">
    %
</TD>
</TR>
<TR valign="bottom" style="font-size: 1pt">
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD style="border-top: 1px solid #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -10pt; margin-left: 20pt">
    <B>Total Warrantholders</B>
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    <B>1,519,186</B>
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD nowrap align="right" valign="bottom">
    <B>18.57</B>
</TD>
<TD nowrap align="left" valign="bottom">
    <B>%</B>
</TD>
</TR>
<TR valign="bottom" style="font-size: 1pt">
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD style="border-top: 3px double #000000">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
</TABLE>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">

</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV style="font-size: 1pt; margin-left: 0%; width: 13%;  align: left; border-bottom: 1pt solid #000000"></DIV><!-- callerid=999 iwidth=456 length=60 -->

<DIV style="margin-top: 3pt; font-size: 1pt">&nbsp;</DIV>



<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">

<TR>
    <TD width="2%"></TD>
    <TD width="1%"></TD>
    <TD width="97%"></TD>
</TR>

<TR>
    <TD align="right" valign="top">
    (1) </TD>
    <TD></TD>
    <TD valign="bottom">
    Non-signing shareholder.</TD>
</TR>

</TABLE>

<P align="center" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <BR>
    A-4-6
</DIV><!-- END PAGE WIDTH -->
<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>

<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->

<DIV align="center" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><U><FONT style="font-family: 'Times New Roman', Times">Exhibit&#160;1</FONT></U></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><U><FONT style="font-family: 'Times New Roman', Times"><FONT style="white-space: nowrap">Exhibit&#160;F-1</FONT>
    </FONT></U></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">FORM&#160;OF
    <FONT style="white-space: nowrap">LOCK-UP</FONT>
    AGREEMENT</FONT></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    This <FONT style="white-space: nowrap">Lock-Up</FONT>
    Agreement (this &#147;<B><I>Agreement</I></B>&#148;) is dated as
    of&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;,
    2009 and made by the shareholder set forth on the signature page
    to this Agreement (the
    &#147;<B><I>Holder</I></B>&#148;)<SUP style="font-size: 85%; vertical-align: top">1</SUP>.

    Any and all capitalized terms used but not otherwise defined
    herein shall have the meaning ascribed to such terms in the
    Share Exchange Agreement (as defined below).
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    WHEREAS, Ideation Acquisition Corp., a Delaware corporation
    (&#147;<B><I>Ideation</I></B>&#148;) has entered into that
    certain Agreement and Plan of Merger, Conversion and Share
    Exchange, dated March&#160;31, 2009, as amended (the
    <B><I>&#147;Share Exchange Agreement&#148;</I></B>), by and
    among Ideation, ID Arizona Corp., an Arizona corporation and a
    wholly-owned subsidiary of Ideation, SearchMedia International
    Limited, an exempted limited company incorporated under the laws
    of the Cayman Islands (&#147;<B><I>SearchMedia&#148;) and the
    other parties thereto.</I></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    WHEREAS, the execution and delivery of this Agreement by the
    undersigned is a condition to the closing of the Share Exchange
    Agreement.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    NOW THEREFORE, in consideration of the mutual covenants and
    agreements set forth herein, and other good and valuable
    consideration, the receipt and sufficiency of which is hereby
    acknowledged, the parties, intending to be legally bound, agree
    as follows:
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    1.&#160;<I>Representations and Warranties</I>. The undersigned
    hereby represents and warrants that the undersigned has full
    power and authority to enter into this Agreement. This Agreement
    and the terms, covenants, provisions and conditions hereof shall
    be binding upon, and shall inure to the benefit of, the
    respective heirs, successors and assigns of the parties hereto.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    2.&#160;<I><FONT style="white-space: nowrap">Lock-Up</FONT></I>.
    Following the Closing, and until the six (6)&#160;month
    anniversary of the Closing with respect to twenty five percent
    (25%) the Shares (as defined below) and until the one
    (1)&#160;year anniversary of the Closing with respect to the
    remaining seventy five percent (75%) of the Shares, the
    undersigned will not, directly or indirectly:
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (a)&#160;offer for sale, sell, pledge or otherwise dispose of
    (or enter into any transaction or device that is designed to, or
    could be expected to, result in the disposition by any person at
    any time in the future of) any shares of SearchMedia Holdings
    Limited, an exempted limited company registered or to be
    registered by way of continuation under the laws of the Cayman
    Islands (the &#147;<B><I>Company</I></B>&#148;) or any other
    securities convertible into or exercisable or exchangeable for
    shares of the Company, in each case which are beneficially owned
    <FONT style="white-space: nowrap">and/or</FONT>
    acquired as of the date of this Agreement or underlying any
    security acquired as of the date of this Agreement, or any other
    shares of the Company that may be acquired by the Holder under
    the terms of the Share Exchange Agreement (collectively, the
    &#147;<B><I>Shares</I></B>&#148;), including, without
    limitation, Shares that may be deemed to be beneficially owned
    by the undersigned in accordance with the rules and regulations
    of the U.S.&#160;Securities and Exchange Commission and Shares
    that may be issued upon exercise of any options or warrants, or
    securities convertible into or exercisable or exchangeable for
    Shares;
</DIV>


<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV><DIV style="font-size: 1pt; margin-left: 0%; width: 13%; align: left; border-bottom: 1pt solid #000000"></DIV><DIV style="margin-top: 3pt; font-size: 1pt">&nbsp;</DIV>
<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <SUP style="font-size: 85%; vertical-align: top">1</SUP>&#160;This

    form of
    <FONT style="white-space: nowrap">lock-up</FONT>
    applies to China Seed Ventures, Deutsche Bank, Vervain Equity
    Investment Limited, Sun Hing Associates Ltd. and Linden
    Ventures, provided that with respect to Section&#160;2,
    (i)&#160;Linden Ventures will only be subject to a six
    (6)&#160;month
    <FONT style="white-space: nowrap">lock-up</FONT>
    period and (ii) (A)&#160;with respect to Shares acquired by
    China Seed Ventures in exchange for SM Warrants, SM Preferred
    Shares or other securities exercisable for, or convertible into,
    SM Ordinary Shares, China Seed Ventures shall be subject to the
    <FONT style="white-space: nowrap">lock-up</FONT>
    period set forth in Section&#160;2 and (B)&#160;with respect to
    Shares acquired by China Seed Ventures in exchange for SM
    Ordinary Shares held by it immediately prior to the Closing, the
    provisions of Section&#160;2 shall apply following the Closing
    and until (x)&#160;the twelve (12)&#160;month anniversary of the
    Closing with respect to ten percent (10%) of such Shares,
    (y)&#160;the eighteen (18)&#160;month anniversary of the Closing
    with respect to fifteen percent (15%) of such Shares and
    (z)&#160;the twenty four (24)&#160;month anniversary of the
    Closing with respect to the remaining seventy five percent (75%)
    of such Shares.
</DIV>

<P align="center" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <BR>
    A-4-7
</DIV><!-- END PAGE WIDTH -->
<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>

<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (b)&#160;enter into any swap or other derivatives transaction
    that transfers to another, in whole or in part, any of the
    economic benefits or risks of ownership of Shares, whether any
    such transaction is to be settled by delivery of Shares or other
    securities, in cash or otherwise;&#160;or
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (c)&#160;publicly disclose the intention to do any of the
    foregoing.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    The restrictions on the actions set forth in clauses&#160;(a)
    through (c)&#160;above shall expire with respect to 25% of the
    Shares on the six (6)&#160;month anniversary of the Closing.
    Furthermore, such restrictions shall not apply to:
    (i)&#160;transfers of Shares as a bona fide gift;
    (ii)&#160;transfers of Shares to any trust, partnership, limited
    liability company or other entity for the direct or indirect
    benefit of the undersigned or the immediate family of the
    undersigned; (iii)&#160;transfers of Shares to any beneficiary
    of the undersigned pursuant to a will, trust instrument or other
    testamentary document or applicable laws of descent;
    (iv)&#160;transfers of Shares to the Company by way of
    repurchase or redemption; (v)&#160;transfers of Shares to any
    Affiliate of the undersigned; (vi)&#160;transfers of Shares by
    the undersigned that are in compliance with applicable federal
    and state securities laws; or (vii)&#160;transfer of Shares by
    the undersigned pursuant to an underwritten secondary offering
    provided that, in the case of any transfer or distribution
    pursuant to clause (i), (ii), (iii), (v)&#160;or
    (vi)&#160;above, each donee, distributee or transferee shall
    sign and deliver to the Company, prior to such transfer, a
    <FONT style="white-space: nowrap">lock-up</FONT>
    agreement substantially in the form of this Agreement. For
    purposes of this Agreement, &#147;immediate family&#148; shall
    mean any relationship by blood, marriage, domestic partnership
    or adoption, not more remote than first cousin.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    3.&#160;<I>Follow-On Offering</I>. After the six (6)&#160;month
    anniversary of the Closing and until the one (1)&#160;year
    anniversary of the Closing, the restrictions set forth in
    Section&#160;2 in respect of 75% of the Shares may be released
    with respect to some or all of the Shares, upon the consent of
    the members of the Board of Directors of the Company designated
    by the Ideation Representative, in connection with a follow-on
    public offering of registered securities on
    <FONT style="white-space: nowrap">Form&#160;F-3</FONT>
    or other short-form registration statement.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    4.&#160;<I>Right to Decline Transfer</I>. The Company and its
    transfer agent on its behalf are hereby authorized (a)&#160;to
    decline to register any transfer of securities if such transfer
    would constitute a violation or breach of this Agreement and
    (b)&#160;to imprint on any certificate representing Shares a
    legend describing the restrictions contained herein.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    5.&#160;<I>Notices. </I>Unless otherwise provided herein, all
    notices, requests, waivers and other communications made
    pursuant to this Agreement will be in writing and will be given
    in accordance with the notice provisions of the Share Exchange
    Agreement, provided that the address for notices to the Holder
    shall be as set forth on the signature page hereto.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    6.&#160;<I>Counterparts</I>. This Agreement may be executed in
    facsimile and in any number of counterparts, each of which when
    so executed and delivered shall be deemed an original, but all
    of which shall together constitute one and the same agreement.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    7.&#160;<I>Severability</I>. If any provision of this Agreement
    is held to be invalid or unenforceable for any reason, such
    provision will be conformed to prevailing law rather than
    voided, if possible, in order to achieve the intent of the
    parties and, in any event, the remaining provisions of this
    Agreement shall remain in full force and effect and shall be
    binding upon the parties hereto.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    8.&#160;<I>Amendment</I>. This Agreement may be amended or
    modified by written agreement executed by the undersigned and
    the Company.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    9.&#160;<I>Further Assurances</I>. Each party shall do and
    perform, or cause to be done and performed, all such further
    acts and things, and shall execute and deliver all such other
    agreements, certificates, instruments and documents, as any
    other party may reasonably request in order to carry out the
    intent and accomplish the purposes of this Agreement and the
    consummation of the transactions contemplated hereby.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    10.&#160;<I>Governing Law</I>. The terms and provisions of this
    Agreement shall be construed in accordance with the laws of the
    State of New York.
</DIV>

<P align="center" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <BR>
    A-4-8
</DIV><!-- END PAGE WIDTH -->
<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>

<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    IN WITNESS WHEREOF, the undersigned has caused this Agreement to
    be duly executed as of the date first indicated above.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 49%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <B>HOLDER:</B>
</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="49%"></TD>
    <TD width="6%"></TD>
    <TD width="45%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    By:&#160;&#160;
</TD>
    <TD valign="bottom" align="left">
    <DIV style="font-size: 2pt; margin-left: 0%; width: 100%;  align: left; border-bottom: 1pt solid #000000"></DIV><!-- callerid=115 iwidth=205 length=0 -->
</TD>
</TR>

</TABLE>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="49%"></TD>
    <TD width="13%"></TD>
    <TD width="38%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    Print Name:&#160;&#160;
</TD>
    <TD valign="bottom" align="left">
    <DIV style="font-size: 2pt; margin-left: 0%; width: 100%;  align: left; border-bottom: 1pt solid #000000"></DIV><!-- callerid=115 iwidth=170 length=0 -->
</TD>
</TR>

</TABLE>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="49%"></TD>
    <TD width="26%"></TD>
    <TD width="25%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    Print Title (if applicable):&#160;&#160;
</TD>
    <TD valign="bottom" align="left">
    <DIV style="font-size: 2pt; margin-left: 0%; width: 100%;  align: left; border-bottom: 1pt solid #000000"></DIV><!-- callerid=115 iwidth=114 length=0 -->
</TD>
</TR>

</TABLE>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="49%"></TD>
    <TD width="30%"></TD>
    <TD width="21%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    Name of Entity (if applicable):&#160;&#160;
</TD>
    <TD valign="bottom" align="left">
    <DIV style="font-size: 2pt; margin-left: 0%; width: 100%;  align: left; border-bottom: 1pt solid #000000"></DIV><!-- callerid=115 iwidth=92 length=0 -->
</TD>
</TR>

</TABLE>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="49%"></TD>
    <TD width="10%"></TD>
    <TD width="41%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    Address:&#160;&#160;
</TD>
    <TD valign="bottom" align="left">
    <DIV style="font-size: 2pt; margin-left: 0%; width: 100%;  align: left; border-bottom: 1pt solid #000000"></DIV><!-- callerid=115 iwidth=183 length=0 -->
</TD>
</TR>

</TABLE>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="49%"></TD>
    <TD width="9%"></TD>
    <TD width="42%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;
</TD>
    <TD valign="bottom" align="left">
    <DIV style="font-size: 2pt; margin-left: 0%; width: 100%;  align: left; border-bottom: 1pt solid #000000"></DIV><!-- callerid=115 iwidth=189 length=0 -->
</TD>
</TR>

</TABLE>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="49%"></TD>
    <TD width="7%"></TD>
    <TD width="44%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    Date:&#160;&#160;
</TD>
    <TD valign="bottom" align="left">
    <DIV style="font-size: 2pt; margin-left: 0%; width: 100%;  align: left; border-bottom: 1pt solid #000000"></DIV><!-- callerid=115 iwidth=197 length=0 -->
</TD>
</TR>

</TABLE>

<P align="center" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <BR>
    A-4-9
</DIV><!-- END PAGE WIDTH -->
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<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>

<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->

<DIV align="center" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><U><FONT style="font-family: 'Times New Roman', Times">Exhibit&#160;2</FONT></U></B>
</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="right" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><U><FONT style="font-family: 'Times New Roman', Times"><FONT style="white-space: nowrap">Exhibit&#160;F-2</FONT></FONT></U></B>
</DIV>

<DIV style="margin-top: 18pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">FORM&#160;OF
    <FONT style="white-space: nowrap">LOCK-UP</FONT>
    AGREEMENT</FONT></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    This <FONT style="white-space: nowrap">Lock-Up</FONT>
    Agreement (this &#147;<B><I>Agreement</I></B>&#148;) is dated as
    of&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;,
    2009 and made by the shareholder set forth on the signature page
    to this Agreement (the &#147;<B><I>Holder</I></B>&#148;). Any
    and all capitalized terms used but not otherwise defined herein
    shall have the meaning ascribed to such terms in the Share
    Exchange Agreement (as defined below).
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    WHEREAS, Ideation Acquisition Corp., a Delaware corporation
    (&#147;<B><I>Ideation</I></B>&#148;) has entered into that
    certain Agreement and Plan of Merger, Conversion and Share
    Exchange, dated March&#160;31, 2009, as amended (the
    <B><I>&#147;Share Exchange Agreement&#148;</I></B>), by and
    among Ideation, ID Arizona Corp., an Arizona corporation and a
    wholly-owned subsidiary of Ideation, SearchMedia International
    Limited, an exempted limited company incorporated under the laws
    of the Cayman Islands (&#147;<B><I>SearchMedia&#148;) and the
    other parties thereto.</I></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    WHEREAS, the execution and delivery of this Agreement by the
    undersigned is a condition to the closing of the Share Exchange
    Agreement.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    NOW THEREFORE, in consideration of the mutual covenants and
    agreements set forth herein, and other good and valuable
    consideration, the receipt and sufficiency of which is hereby
    acknowledged, the parties, intending to be legally bound, agree
    as follows:
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    1.&#160;<I>Representations and Warranties</I>. The undersigned
    hereby represents and warrants that the undersigned has full
    power and authority to enter into this Agreement. This Agreement
    and the terms, covenants, provisions and conditions hereof shall
    be binding upon, and shall inure to the benefit of, the
    respective heirs, successors and assigns of the parties hereto.
</DIV>


<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    2.&#160;<I><FONT style="white-space: nowrap">Lock-Up</FONT></I>.
    Following the Closing, and until the one (1)&#160;year
    anniversary of the Closing with respect to the Shares (as
    defined below), the undersigned will not, directly or
    indirectly:<SUP style="font-size: 85%; vertical-align: top">1</SUP>

</DIV>


<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (a)&#160;offer for sale, sell, pledge or otherwise dispose of
    (or enter into any transaction or device that is designed to, or
    could be expected to, result in the disposition by any person at
    any time in the future of) any shares of SearchMedia Holdings
    Limited, an exempted limited company registered or to be
    registered by way of continuation under the laws of the Cayman
    Islands (the &#147;<B><I>Company</I></B>&#148;) or any other
    securities convertible into or exercisable or exchangeable for
    shares of the Company, in each case which are beneficially owned
    <FONT style="white-space: nowrap">and/or</FONT>
    acquired as of the date of this Agreement or underlying any
    security acquired as of the date of this Agreement, or any other
    shares of the Company that may be acquired by the Holder under
    the terms of the Share Exchange Agreement (collectively, the
    &#147;<B><I>Shares</I></B>&#148;), including, without
    limitation, Shares that may be deemed to be beneficially owned
    by the undersigned in accordance with the rules and regulations
    of the U.S.&#160;Securities and Exchange Commission and Shares
    that may be issued upon exercise of any options or warrants, or
    securities convertible into or exercisable or exchangeable for
    Shares;
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (b)&#160;enter into any swap or other derivatives transaction
    that transfers to another, in whole or in part, any of the
    economic benefits or risks of ownership of Shares, whether any
    such transaction is to be settled by delivery of Shares or other
    securities, in cash or otherwise;&#160;or
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (c)&#160;publicly disclose the intention to do any of the
    foregoing.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    The restrictions on the actions set forth in clauses&#160;(a)
    through (c)&#160;above shall not apply to: (i)&#160;transfers of
    Shares as a bona fide gift; (ii)&#160;transfers of Shares to any
    trust, partnership, limited liability company or other
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV><DIV style="font-size: 1pt; margin-left: 0%; width: 13%; align: left; border-bottom: 1pt solid #000000"></DIV><DIV style="margin-top: 3pt; font-size: 1pt">&nbsp;</DIV>
<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <SUP style="font-size: 85%; vertical-align: top">1</SUP>&#160;This

    form of
    <FONT style="white-space: nowrap">lock-up</FONT>
    applies to SM management shareholders, SM management
    warrantholders and SM appointed directors, provided that, with
    respect to Le Yang and Qinying Liu, the provisions of
    Section&#160;2 shall apply following the Closing and until
    (x)&#160;the twelve (12)&#160;month anniversary of the Closing
    with respect to ten percent (10%) of the Shares, (y)&#160;the
    eighteen (18)&#160;month anniversary of the Closing with respect
    to fifteen percent (15%) of the Shares and (z)&#160;the twenty
    four (24)&#160;month anniversary of the Closing with respect to
    the remaining seventy five percent (75%) of the Shares. Note
    that if Earl Yen is appointed a director of ID Cayman he would
    only need to sign this agreement if he personally held shares in
    ID Cayman rather than through CSV.
</DIV>


<P align="center" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <BR>
    A-4-10
</DIV><!-- END PAGE WIDTH -->
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<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>

<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    entity for the direct or indirect benefit of the undersigned or
    the immediate family of the undersigned; (iii)&#160;transfers of
    Shares to any beneficiary of the undersigned pursuant to a will,
    trust instrument or other testamentary document or applicable
    laws of descent; (iv)&#160;transfers of Shares to the Company by
    way of repurchase or redemption; (v)&#160;transfers of Shares to
    any Affiliate of the undersigned; or (vi)&#160;transfer of
    Shares by the undersigned pursuant to an underwritten secondary
    offering provided that, in the case of any transfer or
    distribution pursuant to clause (i), (ii), (iii)&#160;or
    (v)&#160;above, each donee, distributee or transferee shall sign
    and deliver to the Company, prior to such transfer, a
    <FONT style="white-space: nowrap">lock-up</FONT>
    agreement substantially in the form of this Agreement. For
    purposes of this Agreement, &#147;immediate family&#148; shall
    mean any relationship by blood, marriage, domestic partnership
    or adoption, not more remote than first cousin.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    3.&#160;<I>Right to Decline Transfer</I>. The Company and its
    transfer agent on its behalf are hereby authorized (a)&#160;to
    decline to register any transfer of securities if such transfer
    would constitute a violation or breach of this Agreement and
    (b)&#160;to imprint on any certificate representing Shares a
    legend describing the restrictions contained herein.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    4.&#160;<I>Notices. </I>Unless otherwise provided herein, all
    notices, requests, waivers and other communications made
    pursuant to this Agreement will be in writing and will be given
    in accordance with the notice provisions of the Share Exchange
    Agreement, provided that the address for notices to the Holder
    shall be as set forth on the signature page hereto.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    5.&#160;<I>Counterparts</I>. This Agreement may be executed in
    facsimile and in any number of counterparts, each of which when
    so executed and delivered shall be deemed an original, but all
    of which shall together constitute one and the same agreement.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    6.&#160;<I>Severability</I>. If any provision of this Agreement
    is held to be invalid or unenforceable for any reason, such
    provision will be conformed to prevailing law rather than
    voided, if possible, in order to achieve the intent of the
    parties and, in any event, the remaining provisions of this
    Agreement shall remain in full force and effect and shall be
    binding upon the parties hereto.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    7.&#160;<I>Amendment</I>. This Agreement may be amended or
    modified by written agreement executed by the undersigned and
    the Company.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    8.&#160;<I>Further Assurances</I>. Each party shall do and
    perform, or cause to be done and performed, all such further
    acts and things, and shall execute and deliver all such other
    agreements, certificates, instruments and documents, as any
    other party may reasonably request in order to carry out the
    intent and accomplish the purposes of this Agreement and the
    consummation of the transactions contemplated hereby.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    9.&#160;<I>Governing Law</I>. The terms and provisions of this
    Agreement shall be construed in accordance with the laws of the
    State of New York.
</DIV>

<P align="center" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <BR>
    A-4-11
</DIV><!-- END PAGE WIDTH -->
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<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>

<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    IN WITNESS WHEREOF, the undersigned has caused this Agreement to
    be duly executed as of the date first indicated above.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 49%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <B>HOLDER:</B>
</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="49%"></TD>
    <TD width="6%"></TD>
    <TD width="45%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    By:&#160;&#160;
</TD>
    <TD valign="bottom" align="left">
    <DIV style="font-size: 2pt; margin-left: 0%; width: 100%;  align: left; border-bottom: 1pt solid #000000"></DIV><!-- callerid=115 iwidth=205 length=0 -->
</TD>
</TR>

</TABLE>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="49%"></TD>
    <TD width="13%"></TD>
    <TD width="38%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    Print Name:&#160;&#160;
</TD>
    <TD valign="bottom" align="left">
    <DIV style="font-size: 2pt; margin-left: 0%; width: 100%;  align: left; border-bottom: 1pt solid #000000"></DIV><!-- callerid=115 iwidth=170 length=0 -->
</TD>
</TR>

</TABLE>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="49%"></TD>
    <TD width="26%"></TD>
    <TD width="25%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    Print Title (if applicable):&#160;&#160;
</TD>
    <TD valign="bottom" align="left">
    <DIV style="font-size: 2pt; margin-left: 0%; width: 100%;  align: left; border-bottom: 1pt solid #000000"></DIV><!-- callerid=115 iwidth=114 length=0 -->
</TD>
</TR>

</TABLE>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="49%"></TD>
    <TD width="30%"></TD>
    <TD width="21%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    Name of Entity (if applicable):&#160;&#160;
</TD>
    <TD valign="bottom" align="left">
    <DIV style="font-size: 2pt; margin-left: 0%; width: 100%;  align: left; border-bottom: 1pt solid #000000"></DIV><!-- callerid=115 iwidth=92 length=0 -->
</TD>
</TR>

</TABLE>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="49%"></TD>
    <TD width="10%"></TD>
    <TD width="41%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    Address:&#160;&#160;
</TD>
    <TD valign="bottom" align="left">
    <DIV style="font-size: 2pt; margin-left: 0%; width: 100%;  align: left; border-bottom: 1pt solid #000000"></DIV><!-- callerid=115 iwidth=183 length=0 -->
</TD>
</TR>

</TABLE>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="49%"></TD>
    <TD width="9%"></TD>
    <TD width="42%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;
</TD>
    <TD valign="bottom" align="left">
    <DIV style="font-size: 2pt; margin-left: 0%; width: 100%;  align: left; border-bottom: 1pt solid #000000"></DIV><!-- callerid=115 iwidth=189 length=0 -->
</TD>
</TR>

</TABLE>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="49%"></TD>
    <TD width="7%"></TD>
    <TD width="44%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    Date:&#160;&#160;
</TD>
    <TD valign="bottom" align="left">
    <DIV style="font-size: 2pt; margin-left: 0%; width: 100%;  align: left; border-bottom: 1pt solid #000000"></DIV><!-- callerid=115 iwidth=197 length=0 -->
</TD>
</TR>

</TABLE>

<P align="center" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <BR>
    A-4-12
</DIV><!-- END PAGE WIDTH -->
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<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->

<DIV align="right" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">Annex&#160;B</FONT></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">Company
    No:
    [&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;]</FONT></B>
</DIV>

<DIV style="margin-top: 18pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">MEMORANDUM
    AND ARTICLES&#160;OF ASSOCIATION<BR>
    OF<BR>
    SEARCHMEDIA HOLDINGS LIMITED</FONT></B>
</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<CENTER style="font-size: 1pt; width: 18%; border-bottom: 1pt solid #000000"></CENTER><!-- callerid=999 iwidth=456 length=84 -->

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">(adopted
    on [&#149;], 2009 by a special resolution of the
    members)</FONT></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">Registered
    on the
    [&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;]&#160;day
    of
    [&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;]
    2009</FONT></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">REGISTERED
    IN THE CAYMAN ISLANDS</FONT></B>
</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<CENTER style="font-size: 1pt; width: 18%; border-bottom: 1pt solid #000000"></CENTER><!-- callerid=999 iwidth=456 length=84 -->

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<P align="left" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">

</DIV><!-- END PAGE WIDTH -->
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<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>

<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->

<DIV align="center" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">THE
    COMPANIES LAW (2007 Revision)</FONT></B>
</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<CENTER style="font-size: 1pt; width: 18%; border-bottom: 1pt solid #000000"></CENTER><!-- callerid=999 iwidth=456 length=84 -->

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">COMPANY
    LIMITED BY SHARES</FONT></B>
</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<CENTER style="font-size: 1pt; width: 18%; border-bottom: 1pt solid #000000"></CENTER><!-- callerid=999 iwidth=456 length=84 -->

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">MEMORANDUM
    OF<BR>
    ASSOCIATION<BR>
    OF<BR>
    SEARCHMEDIA HOLDINGS LIMITED</FONT></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Adopted on
    [&#160;&#160;&#160;&#160;<FONT style="font-family: Wingdings; font-variant: normal">&#108;</FONT>&#160;&#160;&#160;&#160;],
    2009 by a special resolution of the Members and effective
    immediately upon the registration of the company as a Cayman
    Islands company limited by shares.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    1.&#160;The name of the Company is SearchMedia Holdings Limited.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    2.&#160;The Registered Office of the Company shall be at the
    offices of Corporate Services Limited, PO&#160;Box&#160;309,
    Ugland House, Grand Cayman, KY1-1104, Cayman Islands or at such
    other place as the Directors may from time to time decide.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    3.&#160;The objects for which the Company is established are
    unrestricted and the Company shall have full power and authority
    to carry out any object not prohibited by the Companies Law
    (2007 Revision), as amended from time to time, or any other law
    of the Cayman Islands.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    4.&#160;The liability of each Member is limited to the amount
    from time to time unpaid on such Member&#146;s shares.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    5.&#160;The share capital of the Company is US$101,000 divided
    into (i)&#160;1,000,000,000 Ordinary Shares of a nominal or par
    value of US$0.0001 each and (ii)&#160;10,000,000 Preferred
    Shares of a nominal or par value of US$0.0001 each, provided
    that the Company has the power, insofar as is permitted by law,
    to redeem or purchase any of its shares and to increase or
    reduce the said capital subject to the provisions of the
    Companies Law (2007 Revision) (as amended or modified from time
    to time) and the Articles of Association and to issue any part
    of its capital, whether original, redeemed or increased with or
    without any preference, priority or special privilege or subject
    to any postponement of rights or to any conditions or
    restrictions and so that unless the conditions of issue shall
    otherwise expressly declare every issue of shares, whether
    declared to be preferred or otherwise, shall be subject to the
    powers hereinbefore contained.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    6.&#160;If the Company is registered as exempted, its operations
    will be carried on subject to the provisions of the Companies
    Law (2007 Revision) (as amended or modified from time to time)
    and the Articles of Association, and it shall have the power to
    register by way of continuation as a body corporate limited by
    shares under the laws of any jurisdiction outside the Cayman
    Islands and to be deregistered in the Cayman Islands.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    7.&#160;The Company may amend its Memorandum of Association by a
    resolution of Members in accordance with the relevant provisions
    of the Articles of Association.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    8.&#160;Capitalized terms that are not defined herein shall bear
    the same meanings as those given in the Articles of Association
    of the Company.
</DIV>

<P align="center" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    B-1
</DIV><!-- END PAGE WIDTH -->
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<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->

<DIV align="center" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">THE
    COMPANIES LAW (2007 Revision)</FONT></B>
</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<CENTER style="font-size: 1pt; width: 18%; border-bottom: 1pt solid #000000"></CENTER><!-- callerid=999 iwidth=456 length=84 -->

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">COMPANY
    LIMITED BY SHARES</FONT></B>
</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<CENTER style="font-size: 1pt; width: 18%; border-bottom: 1pt solid #000000"></CENTER><!-- callerid=999 iwidth=456 length=84 -->

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">ARTICLES&#160;OF
    ASSOCIATION<BR>
    OF<BR>
    SEARCHMEDIA HOLDINGS LIMITED</FONT></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Adopted on
    [&#160;&#160;&#160;&#160;<FONT style="font-family: Wingdings; font-variant: normal">&#108;</FONT>&#160;&#160;&#160;&#160;],
    2009 by a special resolution of the Members and effective
    immediately upon the registration of the company as a Cayman
    Islands company limited by shares.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    1.&#160;In these Articles, Table A in the Schedule to the
    Statute does not apply and, unless there be something in the
    subject or context inconsistent therewith, the following defined
    terms shall have the meanings assigned to them as follows:
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">

<TR>
    <TD width="36%"></TD>
    <TD width="1%"></TD>
    <TD width="63%"></TD>
</TR>

<TR>
    <TD valign="top">
    <B>Affiliate</B> </TD>
    <TD></TD>
    <TD valign="bottom">
    means, with respect to any given Person, any other Person
    directly or indirectly Controlling, Controlled by, or under
    common Control with such Person and, where the given Person is
    an individual, the spouse, parent, sibling, or child thereof;</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>

<TR>
    <TD valign="top">
    <B>Agreement and Plan of Merger, Conversion and</B> <B>Share
    Exchange</B> </TD>
    <TD></TD>
    <TD valign="top">
    means, the Agreement and Plan of Merger, Conversion and Share
    Exchange dated as of March&#160;31, 2009, among Ideation
    Acquisition Corp., ID Arizona Corp., and each of the other
    parties thereto, as amended;</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>

<TR>
    <TD valign="top">
    <B>Applicable Law</B> </TD>
    <TD></TD>
    <TD valign="bottom">
    means, with respect to any Person, any and all provisions of any
    constitution, treaty, statute, law, regulation, ordinance, code,
    rule, judgment, rule of common law, order, decree, award,
    injunction, governmental approval, concession, grant, franchise,
    license, agreement, directive, requirement, or other
    governmental restriction or any similar form of decision of, or
    determination by, or any interpretation or administration of any
    of the foregoing by, any governmental authority, whether in
    effect as of the date hereof or thereafter and in each case as
    amended, applicable to such Person or its subsidiaries or their
    respective assets;</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>

<TR>
    <TD valign="top">
    <B>Articles</B> </TD>
    <TD></TD>
    <TD valign="bottom">
    means these Articles of Association (including any appendix,
    annex, schedule and exhibit attached hereto) as originally
    framed or as from time to time altered by Special Resolution;</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>

<TR>
    <TD valign="top">
    <B>Auditors</B> </TD>
    <TD></TD>
    <TD valign="bottom">
    means the Persons for the time being performing the duties of
    auditors of the Company;</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>

<TR>
    <TD valign="top">
    <B>Board of Directors </B>or <B>Board</B> </TD>
    <TD></TD>
    <TD valign="top">
    means the board of directors of the Company;</TD>
</TR>

<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>

<TR>
    <TD valign="top">
    <B>Business</B> </TD>
    <TD></TD>
    <TD valign="bottom">
    means out-of-home advertising and media-related business,
    including in-elevator advertising;</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>

<TR>
    <TD valign="top">
    <B>Business Day</B> </TD>
    <TD></TD>
    <TD valign="bottom">
    means a day, excluding a Saturday, Sunday, legal holiday or
    other day on which banks are required to be closed in the PRC,
    Hong Kong or New York;</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>

<TR>
    <TD valign="top">
    <B>Change of Control</B> </TD>
    <TD></TD>
    <TD valign="bottom">
    means any: (a)&#160;merger, consolidation, business combination
    or similar transaction involving the Company in which any of the
    outstanding voting securities of the Company is converted into
    or exchanged for cash, securities or other property, other than
    any such transaction where the voting securities of the Company
    outstanding immediately prior to such transaction are converted
    into or exchanged for voting securities of the surviving or  </TD>
</TR>

</TABLE>

<P align="center" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <BR>
    B-2
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<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">

<TR>
    <TD width="36%"></TD>
    <TD width="1%"></TD>
    <TD width="63%"></TD>
</TR>

<TR>
    <TD valign="top">
</TD>
    <TD></TD>
    <TD valign="bottom">
    transferee Person that constitute a majority of the outstanding
    shares of voting securities of such surviving or transferee
    Person (immediately after giving effect to such issuance);
    (b)&#160;sale, lease or other disposition directly or indirectly
    by merger, consolidation, business combination, share exchange,
    joint venture, or otherwise of assets of the Company or any of
    its Subsidiaries or controlled Affiliates representing all or
    substantially all of the consolidated assets of the Company and
    its Subsidiaries and controlled Affiliates; (c)&#160;issuance,
    sale or other disposition of (including by way of share
    exchange, joint venture, or any similar transaction by either
    the Company or its shareholders) securities (or options, rights
    or warrants to purchase, or securities convertible into or
    exchangeable for such securities) representing 50% or more of
    the voting power of the Company; provided, that any acquisition
    of securities directly from the Company that the independent
    Directors determine is primarily for the purposes of raising
    financing for the Company will not be taken into account when
    determining if a Change in Control has occurred under this
    clause (c); (d)&#160;transaction in which any &#147;person&#148;
    (as such term is used in Sections&#160;13(d) and 14(d) of the
    Exchange Act) becomes the &#147;beneficial owner&#148; (as
    defined in
    <FONT style="white-space: nowrap">Rule&#160;13d-3</FONT>
    of the Exchange Act) of securities of the Company representing
    50% or more of the outstanding voting capital of the Company;
    provided, that any acquisition of securities directly from the
    Company that the independent Directors determine is primarily
    for the purposes of raising financing for the Company will not
    be taken into account when determining if a Change in Control
    has occurred under this clause (d); and (e)&#160;any combination
    of the foregoing.</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>

<TR>
    <TD valign="top">
    <B>Class</B> </TD>
    <TD></TD>
    <TD valign="bottom">
    means any class or classes of Shares as may from time to time be
    issued by the Company;</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>

<TR>
    <TD valign="top">
    <B>Closing Price</B> </TD>
    <TD></TD>
    <TD valign="bottom">
    means the closing sale price or, if no closing sale price is
    reported, the last reported sale price of the Ordinary Shares on
    the NYSE Amex on such date. If the Ordinary Shares are not
    traded on the NYSE Amex on any date of determination, the
    closing price of the Ordinary Shares on such date of
    determination means the closing sale price as reported in the
    composite transactions for the principal U.S. national or
    regional securities exchange on which the Ordinary Shares are so
    listed or quoted, or, if no closing sale price is reported, the
    last reported sale price on the principal U.S. national or
    regional securities exchange on which the Ordinary Shares are so
    listed or quoted, or if the Ordinary Shares are not so listed or
    quoted on a U.S. national or regional securities exchange, the
    last quoted bid price for the Ordinary Shares in the
    over-the-counter market as reported by Pink Sheets LLC or
    similar organization, or, if that bid price is not available,
    the market price of the Ordinary Shares on that date as
    determined by a nationally recognized investment banking firm
    retained by the Company for this purpose.</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>

<TR>
    <TD valign="top">
    <B>Company</B> </TD>
    <TD></TD>
    <TD valign="bottom">
    means SearchMedia International Limited;</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>

<TR>
    <TD valign="top">
    <B>Company Securities</B> </TD>
    <TD></TD>
    <TD valign="bottom">
    means any outstanding Securities issued by the Company;</TD>
</TR>

</TABLE>

<P align="center" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <BR>
    B-3
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<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">

<TR>
    <TD width="36%"></TD>
    <TD width="1%"></TD>
    <TD width="63%"></TD>
</TR>

<TR>
    <TD valign="top">
    <B>Constitutional Documents</B> </TD>
    <TD></TD>
    <TD valign="bottom">
    means, with respect to any Person, the certificate of
    incorporation, by-laws, memorandum of association, articles of
    association, or similar constitutive documents for such Person;</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>

<TR>
    <TD valign="top">
    <B>Control</B> </TD>
    <TD></TD>
    <TD valign="bottom">
    means, when used with respect to any Person, the power to direct
    the management and policies of such Person, directly or
    indirectly, whether through the ownership of voting securities,
    by contract or otherwise, and the terms &#147;Controlling&#148;
    and &#147;Controlled&#148; have meanings correlative to the
    foregoing. Without limiting the foregoing, a Person shall be
    deemed Controlled by another Person if such other Person,
    directly or indirectly, owns or has the power to direct the
    voting of more than fifty percent (50%) of the outstanding share
    capital or other ownership interest having voting power to elect
    directors, managers or trustees of such Person;</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>

<TR>
    <TD valign="top">
    <B>Convertible Security</B> </TD>
    <TD></TD>
    <TD valign="bottom">
    means, with respect to any specified Person, evidence of
    indebtedness, shares or other securities directly or indirectly
    convertible into or exchangeable for any shares or other units
    in the share capital or other ownership interest of such
    specified Person, however described and whether voting or
    non-voting;</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>

<TR>
    <TD valign="top">
    <B>Designated Stock Exchange</B> </TD>
    <TD></TD>
    <TD valign="bottom">
    the Global Market of The Nasdaq Stock Market, the New York Stock
    Exchange, NYSE Amex or any other internationally recognized
    stock exchange where the Company&#146;s securities are traded;</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>

<TR>
    <TD valign="top">
    <B>Directors</B> </TD>
    <TD></TD>
    <TD valign="bottom">
    means the directors for the time being of the Company;</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>

<TR>
    <TD valign="top">
    <B>Encumbrance</B> </TD>
    <TD></TD>
    <TD valign="bottom">
    means (i)&#160;any mortgage, charge (whether fixed or floating),
    pledge, lien, hypothecation, assignment, deed of trust, title
    retention, security interest or other third party rights of any
    kind securing, or conferring any priority of payment in respect
    of, any obligation of any Person, including without limitation
    any right granted by a transaction which, in legal terms, is not
    the granting of security but which has an economic or financial
    effect substantially similar to the granting of security under
    Applicable Law, (ii)&#160;any lease, sub-lease, occupancy
    agreement, easement or covenant granting a right of use or
    occupancy to any Person, (iii)&#160;any proxy, power of
    attorney, voting trust agreement, interest, option, right of
    first offer, right of pre-emption negotiation or refusal or
    transfer restriction in favour of any Person and (iv)&#160;any
    adverse claim as to title, possession or use;</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>

<TR>
    <TD valign="top">
    <B>Equity Security</B> </TD>
    <TD></TD>
    <TD valign="bottom">
    means, with respect to any specified Person, any shares,
    registered capital or other units in the share capital or other
    ownership interest of such specified Person, however described
    and whether voting or non-voting, all Convertible Securities and
    all Option Securities of such specified Person;</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>

<TR>
    <TD valign="top">
    <B>Exchange Act</B> </TD>
    <TD></TD>
    <TD valign="bottom">
    means the Securities Exchange Act of 1934, as amended;</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>

<TR>
    <TD valign="top">
    <B>Group Companies</B> </TD>
    <TD></TD>
    <TD valign="bottom">
    means the Company, the PRC Entity and all Subsidiaries of the
    foregoing (including without limitation the WFOEs); a
    &#147;Group Company&#148; means any of the Group Companies;</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>

<TR>
    <TD valign="top">
    <B>HK Subs</B> </TD>
    <TD></TD>
    <TD valign="bottom">
    means Great Talent Holdings Limited, a Hong Kong company and
    Ad-icon Company Limited, a Hong Kong company;</TD>
</TR>

</TABLE>

<P align="center" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <BR>
    B-4
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<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>

<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">

<TR>
    <TD width="36%"></TD>
    <TD width="1%"></TD>
    <TD width="63%"></TD>
</TR>

<TR>
    <TD valign="top">
    <B>Issued Shares</B> </TD>
    <TD></TD>
    <TD valign="bottom">
    means all issued and outstanding Equity Securities in the
    Company assuming the exercise of all options and the conversion
    or exchange of all convertible or exchangeable Equity Securities;</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>

<TR>
    <TD valign="top">
    <B>Liquidation Event</B> </TD>
    <TD></TD>
    <TD valign="bottom">
    shall bear the meaning as ascribed to it in Article&#160;135(a);</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>

<TR>
    <TD valign="top">
    <B>Member</B> </TD>
    <TD></TD>
    <TD valign="bottom">
    means a person who is registered in the register of members of
    the Company as being a holder of Shares in the Company and
    includes each subscriber to the Memorandum of Association
    pending entry into the register of members of certain of such
    subscribers;</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>

<TR>
    <TD valign="top">
    <B>Memorandum of Association</B> </TD>
    <TD></TD>
    <TD valign="bottom">
    means the memorandum of association of the Company in force and
    effect, as amended and restated from time to time;</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>

<TR>
    <TD valign="top">
    <B>Option Security</B> </TD>
    <TD></TD>
    <TD valign="bottom">
    means, with respect to any specified Person, all options,
    warrants, instruments and other rights and agreements (including
    without limitation any preemptive rights or rights of first
    refusal) to subscribe for, purchase or otherwise acquire any
    shares or other units in the share capital or other ownership
    interest of such specified Person, however described and whether
    voting or non-voting, or any Convertible Securities of such
    specified Person;</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>

<TR>
    <TD valign="top">
    <B>Ordinary Resolution</B> </TD>
    <TD></TD>
    <TD valign="bottom">
    means a resolution:</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>

<TR>
    <TD valign="top">
</TD>
    <TD></TD>
    <TD valign="bottom">
<DIV style="text-indent: -16pt; margin-left: 16pt">
    (a)&#160;passed by a simple majority of votes cast by such
    Members on an as-if converted basis as, being entitled to do so,
    vote in person or, in the case of any Member being an
    organization, by its duly authorised representative or, where
    proxies are allowed, by proxy at a general meeting of the
    Company; or</DIV>
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>

<TR>
    <TD valign="top">
</TD>
    <TD></TD>
    <TD valign="bottom">
<DIV style="text-indent: -17pt; margin-left: 17pt">
    (b)&#160;approved in writing by all of the Members entitled to
    vote at a general meeting of the Company in one or more
    instruments each signed by one or more of the Members and the
    effective date of the resolution so adopted shall be the date on
    which the instrument, or the last of such instruments if more
    than one, is executed;</DIV>
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>

<TR>
    <TD valign="top">
    <B>Ordinary Shareholders</B> </TD>
    <TD></TD>
    <TD valign="bottom">
    means the Members registered from time to time as holders of
    Ordinary Shares in the register of Members of the Company;</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>

<TR>
    <TD valign="top">
    <B>Ordinary Shares</B> </TD>
    <TD></TD>
    <TD valign="bottom">
    means the ordinary Shares in the capital of the Company, par
    value of US$0.0001 per share, with the rights and privileges as
    set out in these Articles;</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>

<TR>
    <TD valign="top">
    <B><FONT style="white-space: nowrap">Paid-up</FONT></B> </TD>
    <TD></TD>
    <TD valign="bottom">
    means
    <FONT style="white-space: nowrap">paid-up</FONT>
    and/or credited as
    <FONT style="white-space: nowrap">paid-up;</FONT></TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>

<TR>
    <TD valign="top">
    <B>Person</B> </TD>
    <TD></TD>
    <TD valign="bottom">
    means any individual, corporation, partnership, limited
    partnership, proprietorship, association, limited liability
    company, firm, trust, estate or other enterprise or entity
    (including, without limitation, any unincorporated joint venture
    and whether or not having separate legal personality);</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>

<TR>
    <TD valign="top">
    <B>PRC</B> </TD>
    <TD></TD>
    <TD valign="bottom">
    means the People&#146;s Republic of China, but solely for the
    purposes of these Articles, excluding the Hong Kong Special
    Administrative Region, the Macau Special Administrative Region
    and the islands of Taiwan;</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>

<TR>
    <TD valign="top">
    <B>PRC Entity</B> </TD>
    <TD></TD>
    <TD valign="top">
    means Shanghai Jingli Advertising Co., Ltd.,<BR>
    <IMG src="g18264a4g1826409.gif" alt="(Chinease Character)"> , a limited
    liability company organized under the laws of the People&#146;s
    Republic of China;</TD>
</TR>

</TABLE>

<P align="center" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <BR>
    B-5
</DIV><!-- END PAGE WIDTH -->
<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>

<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">

<TR>
    <TD width="36%"></TD>
    <TD width="1%"></TD>
    <TD width="63%"></TD>
</TR>

<TR>
    <TD valign="top">
    <B>Related Party</B> </TD>
    <TD></TD>
    <TD valign="bottom">
    means any of the officers, directors, supervisory board members,
    or holders of Equity Securities of any Group Company or any
    Affiliates of any of the foregoing;</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>

<TR>
    <TD valign="top">
    <B>RMB</B> </TD>
    <TD></TD>
    <TD valign="bottom">
    means Renminbi, the lawful currency of the PRC;</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>

<TR>
    <TD valign="top">
    <B>Seal</B> </TD>
    <TD></TD>
    <TD valign="bottom">
    means the common seal of the Company and includes every
    duplicate seal;</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>

<TR>
    <TD valign="top">
    <B>Secretary</B> </TD>
    <TD></TD>
    <TD valign="bottom">
    includes an Assistant Secretary and any individual appointed to
    perform the duties of Secretary of the Company;</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>

<TR>
    <TD valign="top">
    <B>Securities</B> </TD>
    <TD></TD>
    <TD valign="bottom">
    with respect to any Person, means Equity Securities and debt
    securities, including without limitation bonds, notes and
    debentures, of whatever kind of such Person, whether readily
    marketable or not;</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>

<TR>
    <TD valign="top">
    <B>Securities Act</B> </TD>
    <TD></TD>
    <TD valign="bottom">
    means the U.S. Securities Act of 1933, as amended from time to
    time;</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>

<TR>
    <TD valign="top">
    <B>Share</B> </TD>
    <TD></TD>
    <TD valign="bottom">
    means a share in the capital of the Company. All references to
    &#147;Shares&#148; herein shall be deemed to be shares of any or
    all Classes as the context may require. For the avoidance of
    doubt in these Articles the expression &#147;Share&#148; shall
    include a fraction of a Share;</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>

<TR>
    <TD valign="top">
    <B>Shareholders</B> </TD>
    <TD></TD>
    <TD valign="bottom">
    means, as of any time, any Ordinary Shareholders and any holders
    of any other Equity Securities of the Company;</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>

<TR>
    <TD valign="top">
    <B>Special Resolution</B> </TD>
    <TD></TD>
    <TD valign="bottom">
    means a resolution:</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>

<TR>
    <TD valign="top">
</TD>
    <TD></TD>
    <TD valign="bottom">
<DIV style="text-indent: -16pt; margin-left: 16pt">
    (a)&#160;passed by a majority of not less than two-thirds of
    such Members on an as-if converted basis as, being entitled to
    do so, vote in person or, where proxies are allowed, by proxy at
    a general meeting of the Company of which notice specifying the
    intention to propose the resolution as a special resolution has
    been duly given and where a poll is taken regard shall be had in
    computing a majority to the number of votes to which each Member
    is entitled; or</DIV>
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>

<TR>
    <TD valign="top">
</TD>
    <TD></TD>
    <TD valign="bottom">
<DIV style="text-indent: -17pt; margin-left: 17pt">
    (b)&#160;approved in writing by all of the Members entitled to
    vote at a general meeting of the Company in one or more
    instruments each signed by one or more of the Members and the
    effective date of the special resolution so adopted shall be the
    date on which the instrument or the last of such instruments, if
    more than one, is executed;</DIV>
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>

<TR>
    <TD valign="top">
    <B>Statute</B> </TD>
    <TD></TD>
    <TD valign="bottom">
    means the Companies Law (2007 Revision) of the Cayman Islands as
    amended and every statutory modification or re-enactment thereof
    for the time being in force;</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>

<TR>
    <TD valign="top">
    <B>Subsidiary</B> </TD>
    <TD></TD>
    <TD valign="bottom">
    means with respect to any specified Person, any other Person
    (other than a natural Person) Controlled by such specified
    Person. For the avoidance of doubt, the PRC Entity or any of the
    Subsidiaries of the PRC Entity shall not be deemed to be a
    Subsidiary of the Company;</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>

<TR>
    <TD valign="top">
    <B>Trading Day</B> </TD>
    <TD></TD>
    <TD valign="bottom">
    means, for purposes of determining a Closing Price per Ordinary
    Share, a Business Day on which the Designated Stock Exchange is
    scheduled to be open for business;</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>

<TR>
    <TD valign="top">
    <B>US$</B> </TD>
    <TD></TD>
    <TD valign="bottom">
    means United States dollars, the lawful currency of the U.S.;</TD>
</TR>

</TABLE>

<P align="center" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <BR>
    B-6
</DIV><!-- END PAGE WIDTH -->
<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>

<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">

<TR>
    <TD width="36%"></TD>
    <TD width="1%"></TD>
    <TD width="63%"></TD>
</TR>

<TR>
    <TD valign="top">
    <B>US GAAP</B> </TD>
    <TD></TD>
    <TD valign="bottom">
    means the generally accepted accounting principles in the United
    States;</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>

<TR>
    <TD valign="top">
    <B>WFOE </B>or <B>WFOEs</B> </TD>
    <TD></TD>
    <TD valign="bottom">
    means Jieli Investment Management Consulting (Shanghai) Co.,
    Ltd. and Jieli Network Technology Development (Shanghai) Co.,
    Ltd., both wholly foreign owned enterprises established by the
    Company in Shanghai, PRC under the laws of the PRC;</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>

<TR>
    <TD valign="top">
    <B>written </B>and <B>in writing</B> </TD>
    <TD></TD>
    <TD valign="bottom">
    include all modes of representing or reproducing words in
    visible form in the English language.</TD>
</TR>

</TABLE>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Words importing the singular number only include the plural
    number and vice versa.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Words importing one gender only include the other gender and the
    neuter.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Words importing persons only include corporations.
</DIV>

<DIV style="margin-top: 18pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">PRELIMINARY</FONT></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    2.&#160;The business of the Company may be commenced as soon
    after incorporation as the Directors shall see fit,
    notwithstanding that part only of the Shares may have been
    allotted.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    3.&#160;The registered office of the Company shall be at such
    address in the Cayman Islands as the Directors shall from time
    to time determine. The Company may in addition establish and
    maintain such other offices and places of business and agencies
    in such places as the Directors may from time to time determine.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    4.&#160;The Directors may pay, out of the capital or any other
    monies of the Company, all expenses incurred in or about the
    formation and establishment of the Company including the
    expenses of registration.
</DIV>

<DIV style="margin-top: 18pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">CERTIFICATES
    FOR SHARES</FONT></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    5.&#160;Certificates representing Shares of the Company shall be
    in such form as shall be determined by the Directors. Such
    certificates may be under Seal. All certificates for Shares
    shall be consecutively numbered or otherwise identified and
    shall specify the Shares to which they relate. The name and
    address of the Person to whom the Shares represented thereby are
    issued, with the number of Shares and date of issue, shall be
    entered in the register of Members of the Company. All
    certificates surrendered to the Company for transfer shall be
    cancelled and no new certificate shall be issued until the
    former certificate for a like number of Shares shall have been
    surrendered and cancelled. The Directors may authorize
    certificates to be issued with the Seal and authorised
    signature(s) affixed by some method or system of mechanical
    process.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    6.&#160;Notwithstanding Article&#160;5 of these Articles, if a
    share certificate is defaced, lost or destroyed, it may be
    renewed on payment of a fee of one dollar (US$l.00) or such
    lesser sum and on such terms (if any) as to evidence and
    indemnity and the payment of the expenses incurred by the
    Company in investigating evidence, as the Directors may
    prescribe.
</DIV>

<DIV style="margin-top: 18pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">ISSUE OF
    SHARES</FONT></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    7.&#160;Subject to applicable law, rules, regulations and the
    relevant provisions, if any, in the Memorandum of Association
    and these Articles and to any direction that may be given by the
    Company in general meeting and without prejudice to any special
    rights previously conferred on the holders of existing Shares,
    the Directors may, in their absolute discretion and without the
    approval of the holders of the Company&#146;s outstanding
    Shares, cause the Company to issue such additional Shares
    (whether in certificated form or non-certificated form), or
    issue other securities, in one or more classes or series as they
    deem necessary and appropriate and determine designations,
    powers, preferences, privileges and other rights, including
    dividend rights, voting rights, conversion rights, terms of
    redemption and liquidation preferences, any or all of which may
    be greater or more advantageous than the powers and rights
    associated with the then outstanding Shares, at such times and
    on such other terms as they think proper. The Company shall not
    issue Shares or other Securities in bearer form.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    8.&#160;The Board may reserve such number of Shares or
    Securities of the Company as the Board may be required to issue
    in connection with the exercise of an option, right, or warrant
    or other Security of the Company or any other person (each a
    <B>&#147;Conversion Right&#148;</B>) that is exercisable for,
    convertible into,
</DIV>

<P align="center" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <BR>
    B-7
</DIV><!-- END PAGE WIDTH -->
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<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>

<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    exchangeable for or otherwise issuable in respect of Shares or
    Securities of the Company. For these purposes, to
    &#147;reserve&#148; a number of Shares shall mean that at the
    relevant time, such number of Shares shall be authorised but
    unissued, and the Board shall not issue such Shares otherwise
    than pursuant to the exercise.
</DIV>

<DIV style="margin-top: 18pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">REGISTER
    OF MEMBERS AND SHARE CERTIFICATES</FONT></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    9.&#160;The Company shall maintain a Register of Members and
    every Person whose name is entered as a Member in the Register
    of Members shall, without payment, be entitled to receive within
    two (2)&#160;months after allotment or lodgment of transfer (or
    within such other period as the conditions of issue shall
    provide) one certificate for all his or her or its Shares or
    several certificates each for one or more of his or her or its
    Shares upon payment of fifty cents (US$0.50) for every
    certificate after the first or such lesser sum as the Directors
    shall from time to time determine. All certificates shall
    specify the Share or Shares held by that person and par value of
    such Shares, provided that, in respect of a Share or Shares held
    jointly by several persons, the Company shall not be bound to
    issue more than one certificate, and delivery of a certificate
    for a Share to one of the several joint holders shall be
    sufficient delivery to all such holders. All certificates for
    Shares shall be delivered personally or sent through the post
    addressed to the Member entitled thereto at the Member&#146;s
    registered address as appearing in the Register of Members.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    10.&#160;Every share certificate of the Company shall bear
    legends required under the applicable laws, including the
    Securities Act.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    11.&#160;Any two or more certificates representing Shares of any
    one Class held by any Member may at the Member&#146;s request be
    cancelled and a single new certificate for such Shares issued in
    lieu on payment (if the Directors shall so require) of US$1.00
    or such smaller sum as the Directors shall determine.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    12.&#160;If a share certificate shall be damaged or defaced or
    alleged to have been lost, stolen or destroyed, a new
    certificate representing the same Shares may be issued to the
    relevant Member upon request subject to delivery of the old
    certificate or (if alleged to have been lost, stolen or
    destroyed) compliance with such conditions as to evidence and
    indemnity and the payment of out-of-pocket expenses of the
    Company in connection with the request as the Directors may
    think fit.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    13.&#160;In the event that Shares are held jointly by several
    persons, any request may be made by any one of the joint holders
    and if so made shall be binding on all of the joint holders.
</DIV>

<DIV style="margin-top: 18pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">ORDINARY
    SHARES</FONT></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    14.&#160;Holders of Ordinary Shares shall be entitled to receive
    notice of, to attend and to speak and vote at, any general
    meeting of the Company.
</DIV>

<DIV style="margin-top: 18pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">TRANSFER
    OF SHARES</FONT></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    15.&#160;The instrument of transfer of any Share shall be in any
    usual or common form or such other form as the Directors may, in
    their absolute discretion, approve and be executed by or on
    behalf of the transferor and if in respect of a nil or partly
    paid up Share, or if so required by the Directors, shall also be
    executed on behalf of the transferee and shall be accompanied by
    the certificate (if any) of the Shares to which it relates and
    such other evidence as the Directors may reasonably require to
    show the right of the transferor to make the transfer. The
    transferor shall be deemed to remain a Shareholder until the
    name of the transferee is entered in the Register of Members in
    respect of the relevant Shares.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    16.&#160;All instruments of transfer of Shares that have been
    registered shall be retained by the Company, but any instrument
    of transfer that the Directors decline to register shall (except
    in any case of fraud) be returned to the Person depositing the
    same.
</DIV>

<DIV style="margin-top: 18pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">REDEMPTION&#160;AND
    PURCHASE OF SHARES</FONT></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    17.&#160;Subject to the Statute, these Articles, and the
    Memorandum of Association, the Company may:
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (a)&#160;issue Shares on terms that they are to be redeemed or
    are liable to be redeemed at the option of the Company or the
    Shareholders on such terms and in such manner as the Directors
    may, before the issue of such Shares, determine;
</DIV>

<P align="center" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <BR>
    B-8
</DIV><!-- END PAGE WIDTH -->
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<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->

<DIV align="left"><FONT size="1">

</FONT></DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (b)&#160;purchase its own Shares (including any redeemable
    Shares) on such terms and in such manner as the Directors may
    determine provided that the Members shall have authorised the
    manner of purchase by Ordinary Resolution or the manner of
    purchase shall be in accordance with Articles&#160;18 and 19
    (which shall constitute authorisation for the purposes of and in
    accordance with section 37(3)(d) of the Statute); provided
    however, that notwithstanding anything to the contrary set forth
    herein, no Member authorisation shall be required with respect
    to any purchase of Shares which occurs pursuant to that certain
    letter agreement dated as of September&#160;8, 2009 by and among
    Ideation Acquisition Corp. and certain investors listed on
    Exhibit&#160;A thereto;&#160;and
</DIV>

<DIV align="left"><FONT size="1">

</FONT></DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (c)&#160;make a payment in respect of the redemption or purchase
    of its own Shares in any manner authorised by the Law, including
    without limitation out of its capital, profits or the proceeds
    of a fresh issue of Shares.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    18.&#160;The Company is authorised to purchase, on behalf of the
    Company, any Share listed on a Designated Stock Exchange in
    accordance with the following manner of purchase:
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (a)&#160;the maximum number of Shares that may be purchased
    shall be equal to the number of issued and outstanding Shares
    less one Share;&#160;and
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (b)&#160;the purchase shall be at such time, at such price and
    on such other terms as determined and agreed by the Directors in
    their sole discretion provided however that:
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 8%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (i)&#160;such purchase transactions shall be in accordance with
    the relevant code, rules and regulations applicable to the
    listing of the Shares on the Designated Stock Exchange;&#160;and
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 8%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (ii)&#160;at the time of the repurchase, the Company is able to
    pay its debts as they fall due in the ordinary course of its
    business.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    19.&#160;The holder of the Shares being purchased or redeemed
    shall be bound to deliver up to the Company at its registered
    office or such other place as the Directors shall specify, the
    certificate(s) (if any) thereof for cancellation and thereupon
    the Company shall pay to him the purchase or redemption monies
    or consideration in respect thereof and the Shares being
    purchased or redeemed shall be cancelled or shall form part of
    the authorised but unissued capital of the Company.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    20.&#160;Any Share in respect of which a notice of redemption
    has been given shall not be entitled to participate in the
    profits of the Company in respect of the period after the date
    specified as the date of redemption in the notice of redemption.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    21.&#160;The redemption or purchase of any Share shall not
    oblige the Company to redeem or purchase of any other Share
    other than as may be required pursuant to applicable law and any
    other contractual obligations of the Company.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    22.&#160;The Directors may when making payments in respect of
    redemption or purchase of Shares, if authorised by the terms of
    issue of the Shares being redeemed or purchased or with the
    agreement of the holder of such Shares, make such payment either
    in cash or in specie.
</DIV>

<DIV style="margin-top: 18pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">VARIATION
    OF RIGHTS OF SHARES</FONT></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    23.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (a)&#160;Subject to any other provisions contained herein, if at
    any time the share capital of the Company is divided into
    different Classes or series of Shares, the rights attached to
    any Class or series (unless otherwise provided by the terms of
    issue of the Shares of that Class or series) may, whether or not
    the Company is being wound up, be varied with the consent in
    writing of the holders of three-fourths of the Issued Shares of
    that Class or series.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (b)&#160;The provisions of these Articles relating to general
    meetings shall apply to every such general meeting of the
    holders of one Class of Shares except that the necessary quorum
    shall be one or more persons holding or representing by proxy at
    least half of the Issued Shares of the Class and that any holder
    of Shares of the Class present in person or by proxy may demand
    a poll.
</DIV>

<P align="center" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <BR>
    B-9
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<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    24.&#160;The rights conferred upon the holders of the Shares of
    any Class issued with preferred or other rights shall not,
    unless otherwise expressly provided by the terms of issue of the
    Shares of that class, be deemed to be varied by the creation or
    issue of further Shares ranking pari passu therewith.
</DIV>

<DIV style="margin-top: 18pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">COMMISSION
    ON SALE OF SHARES</FONT></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    25.&#160;The Company may in so far as the Statute from time to
    time permits pay a commission to any Person in consideration of
    his or her or its subscribing or agreeing to subscribe whether
    absolutely or conditionally for any Shares of the Company. Such
    commissions may be satisfied by the payment of cash or the
    lodgment of fully or partly
    <FONT style="white-space: nowrap">Paid-up</FONT>
    Shares or partly in one way and partly in the other. The Company
    may also on any issue of Shares pay such brokerage as may be
    lawful.
</DIV>

<DIV style="margin-top: 18pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">NON-RECOGNITION
    OF TRUSTS</FONT></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    26.&#160;No Person shall be recognized by the Company as holding
    any Share upon any trust and the Company shall not be bound by
    or be compelled in any way to recognize (even when having notice
    thereof) any equitable, contingent, future, or partial interest
    in any Share, or any interest in any fractional part of a Share,
    or (except only as is otherwise provided by these Articles or
    the Statute) any other rights in respect of any Share except an
    absolute right to the entirety thereof in the registered holder.
</DIV>

<DIV style="margin-top: 18pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">LIEN ON
    SHARES</FONT></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    27.&#160;The Company shall have a first and paramount lien and
    charge on all Shares (whether fully
    <FONT style="white-space: nowrap">Paid-up</FONT> or
    not) registered in the name of a Member (whether solely or
    jointly with others) for all debts, liabilities or engagements
    to or with the Company (whether presently payable or not) by
    such Member or such Member&#146;s estate, either alone or
    jointly with any other Person, whether a Member or not, but the
    Directors may at any time declare any Share to be wholly or in
    part exempt from the provisions of this Article. The
    registration of a transfer of any such Share shall operate as a
    waiver of the Company&#146;s pre-existing lien (if any) thereon.
    The Company&#146;s lien (if any) on a Share shall extend to all
    dividends or other monies payable in respect thereof.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    28.&#160;The Company may sell, in such manner as the Directors
    think fit, any Shares on which the Company has a lien, but no
    sale shall be made unless a sum in respect of which the lien
    exists is presently payable, nor until the expiration of
    fourteen (14)&#160;days after a notice in writing stating and
    demanding payment of such part of the amount in respect of which
    the lien exists as is presently payable, has been given to the
    registered holder or holders for the time being of the Share, or
    the Person, of which the Company has notice, entitled thereto by
    reason of such Person&#146;s death or bankruptcy.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    29.&#160;To give effect to any such sale, the Directors may
    authorize a Person to transfer the Shares sold to the purchaser
    thereof. The purchaser shall be registered as the holder of the
    Shares comprised in any such transfer, and the purchaser shall
    not be bound to see to the application of the purchase money,
    nor shall the title of the purchaser to the Shares be affected
    by any irregularity or invalidity in the proceedings in
    reference to the sale.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    30.&#160;The proceeds of such sale shall be received by the
    Company and applied in payment of such part of the amount in
    respect of which the lien exists as is presently payable and the
    residue, if any, shall (subject to a like lien for sums not
    presently payable as existed upon the Shares before the sale) be
    paid to the Person entitled to the Shares at the date of the
    sale.
</DIV>

<DIV style="margin-top: 18pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">CALL ON
    SHARES</FONT></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    31.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (a)&#160;The Directors may from time to time make calls upon the
    Members in respect of any monies unpaid on their Shares (whether
    on account of the nominal value of the Shares or by way of
    premium or otherwise) and not by the conditions of allotment
    thereof made payable at fixed terms, provided that no call shall
    be payable at less than one (1)&#160;month from the date fixed
    for the payment of the last preceding call, and each Member
    shall (subject to receiving at least fourteen (14)&#160;days
    notice specifying the time or times of payment) pay to the
    Company at the time or times so specified the amount called on
    the Shares.
</DIV>

<P align="center" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <BR>
    B-10
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<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    A call may be revoked or postponed as the Directors may
    determine. A call may be made payable by installments.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (b)&#160;A call shall be deemed to have been made at the time
    when the resolution of the Directors authorizing such call was
    passed.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (c)&#160;The joint holders of a Share shall be jointly and
    severally liable to pay all calls in respect thereof.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    32.&#160;If a sum called in respect of a Share is not paid
    before or on a day appointed for payment thereof, the Persons
    from whom the sum is due shall pay interest on the sum from the
    day appointed for payment thereof to the time of actual payment
    at such rate not exceeding ten per cent per annum as the
    Directors may determine, but the Directors shall be at liberty
    to waive payment of such interest either wholly or in part.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    33.&#160;Any sum which by the terms of issue of a Share becomes
    payable on allotment or at any fixed date, whether on account of
    the nominal value of the Share or by way of premium or
    otherwise, shall for the purposes of these Articles be deemed to
    be a call duly made, notified and payable on the date on which
    by the terms of issue the same becomes payable, and in the case
    of non-payment all the relevant provisions of these Articles as
    to payment of interest forfeiture or otherwise shall apply as if
    such sum had become payable by virtue of a call duly made and
    notified.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    34.&#160;The Directors may, on the issue of Shares,
    differentiate between the holders as to the amount of calls or
    interest to be paid and the times of payment.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    35.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (a)&#160;The Directors may, if they think fit, receive from any
    Member willing to advance the same, all or any part of the
    monies uncalled and unpaid upon any Shares held by him, and upon
    all or any of the monies so advanced may (until the same would
    but for such advances, become payable) pay interest at such rate
    not exceeding (unless the Company in general meeting shall
    otherwise direct) seven per cent per annum, as may be agreed
    upon between the Directors and the Member paying such sum in
    advance.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (b)&#160;No such sum paid in advance of calls shall entitle the
    Member paying such sum to any portion of a dividend declared in
    respect of any period prior to the date upon which such sum
    would, but for such payment, become presently payable.
</DIV>

<DIV style="margin-top: 18pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">FORFEITURE
    OF SHARES</FONT></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    36.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (a)&#160;If a Member fails to pay any call or installment of a
    call or to make any payment required by the terms of issue on
    the day appointed for payment thereof, the Directors may, at any
    time thereafter during such time as any part of the call,
    installment or payment remains unpaid, give notice requiring
    payment of so much of the call, installment or payment as is
    unpaid, together with any interest which may have accrued and
    all expenses that have been incurred by the Company by reason of
    such non-payment. Such notice shall name a day (not earlier than
    the expiration of fourteen (14)&#160;days from the date of
    giving of the notice) on or before which the payment required by
    the notice is to be made, and shall state that, in the event of
    non-payment at or before the time appointed the Shares in
    respect of which such notice was given will be liable to be
    forfeited.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (b)&#160;If the requirements of any such notice as aforesaid are
    not complied with, any Share in respect of which the notice has
    been given may at any time thereafter, before the payment
    required by the notice has been made, be forfeited by a
    resolution of the Directors to that effect. Such forfeiture
    shall include all dividends declared in respect of the forfeited
    Share and not actually paid before the forfeiture.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (c)&#160;A forfeited Share may be sold or otherwise disposed of
    on such terms and in such manner as the Directors think fit and
    at any time before a sale or disposition the forfeiture may be
    cancelled on such terms as the Directors think fit.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    37.&#160;A Person whose Shares have been forfeited shall cease
    to be a Member in respect of the forfeited Shares, but shall,
    notwithstanding, remain liable to pay to the Company all monies
    which, at the date of forfeiture were payable by such Person to
    the Company in respect of the Shares together with interest
    thereon,
</DIV>

<P align="center" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <BR>
    B-11
</DIV><!-- END PAGE WIDTH -->
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<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    but such Person&#146;s liability shall cease if and when the
    Company shall have received payment in full of all monies
    whenever payable in respect of the Shares.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    38.&#160;A certificate in writing under the hand of one Director
    or the Secretary of the Company that a Share in the Company has
    been duly forfeited on a date stated in the declaration shall be
    conclusive evidence of the fact therein stated as against all
    Persons claiming to be entitled to the Share. The Company may
    receive the consideration given for the Share on any sale or
    disposition thereof and may execute a transfer of the Share in
    favour of the Person to whom the Share is sold or disposed of
    and such Person shall thereupon be registered as the holder of
    the Share and shall not be bound to see to the application of
    the purchase money, if any, nor shall such Person&#146;s title
    to the Share be affected by any irregularity or invalidity in
    the proceedings in reference to the forfeiture, sale or disposal
    of the Share.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    39.&#160;The provisions of these Articles as to forfeiture shall
    apply in the case of non-payment of any sum which, by the terms
    of issue of a Share, becomes payable at a fixed time, whether on
    account of the nominal value of the Share or by way of premium
    as if the same had been payable by virtue of a call duly made
    and notified.
</DIV>

<DIV style="margin-top: 18pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">REGISTRATION
    OF EMPOWERING INSTRUMENTS</FONT></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    40.&#160;The Company shall be entitled to charge a fee not
    exceeding one dollar (US$l.00) on the registration of every
    probate, letters of administration, certificate of death or
    marriage, power of attorney, notice in lieu of distringas, or
    other instrument.
</DIV>

<DIV style="margin-top: 18pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">TRANSMISSION
    OF SHARES</FONT></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    41.&#160;In case of the death of a Member, the survivor or
    survivors where the deceased was a joint holder, and the legal
    personal representatives of the deceased where the deceased was
    a sole holder, shall be the only persons recognized by the
    Company as having any title to his or her or its interest in the
    Shares, but nothing herein contained shall release the estate of
    any such deceased holder from any liability in respect of any
    Shares which had been held by him or her solely or jointly with
    other Persons.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    42.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (a)&#160;Any Person becoming entitled to a Share in consequence
    of the death or bankruptcy or liquidation or dissolution of a
    Member (or in any other way than by transfer) may, upon such
    evidence being produced as may from time to time be required by
    the Directors and subject as hereinafter provided, elect either
    to be registered himself or herself as holder of the Share or to
    make such transfer of the Share to such other Person nominated
    by such Person as the deceased or bankrupt Person could have
    made and to have such Person registered as the transferee
    thereof, but the Directors shall, in either case, have the same
    right to decline or suspend registration as they would have had
    in the case of a transfer of the Share by that Member before
    such Member&#146;s death or bankruptcy as the case may be.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (b)&#160;If the Person so becoming entitled shall elect to be
    registered as holder, such Person shall deliver or send to the
    Company a notice in writing signed by such Person stating that
    such Person so elects.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    43.&#160;A Person becoming entitled to a Share by reason of the
    death or bankruptcy or liquidation or dissolution of the holder
    (or in any other case than by transfer) shall be entitled to the
    same dividends and other advantages to which such Person would
    be entitled if such Person were the registered holder of the
    Share, except that such Person shall not, before being
    registered as a Member in respect of the Share, be entitled in
    respect of it to exercise any right conferred by membership in
    relation to meetings of the Company, provided however, that the
    Directors may at any time give notice requiring any such Person
    to elect either to be registered or to transfer the Share and if
    the notice is not complied with within ninety (90)&#160;days the
    Directors may thereafter withhold payment of all dividends,
    bonuses or other monies payable in respect of the Share until
    the requirements of the notice have been complied with.
</DIV>

<P align="center" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <BR>
    B-12
</DIV><!-- END PAGE WIDTH -->
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<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->

<DIV align="center" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">AMENDMENT
    OF MEMORANDUM OF ASSOCIATION, CHANGE OF LOCATION<BR>
    OF REGISTERED OFFICE&#160;&#038; ALTERATION OF CAPITAL</FONT></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    44.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (a)&#160;Subject to and in so far as permitted by the provisions
    of the Statute and these Articles, the Company may from time to
    time by Ordinary Resolution alter or amend its Memorandum of
    Association otherwise than with respect to its name and objects
    and may, without restricting the generality of the foregoing:
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 8%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (i)&#160;increase the share capital by such sum to be divided
    into Shares of such amount or without nominal or par value as
    the resolution shall prescribe and with such rights, priorities
    and privileges annexed thereto, as the Company in general
    meeting may determine;
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 8%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (ii)&#160;consolidate and divide all or any of its share capital
    into Shares of larger amount than its existing Shares;
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 8%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (iii)&#160;by subdivision of its existing Shares or any of them
    divide the whole or any part of its share capital into Shares of
    smaller amount than is fixed by the Memorandum of Association or
    into Shares without nominal or par value;
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 8%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (iv)&#160;cancel any Shares which at the date of the passing of
    the resolution have not been taken or agreed to be taken by any
    Person;&#160;and
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 8%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (v)&#160;increase or decrease the number of the authorised
    Ordinary Shares.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (b)&#160;All new Shares created hereunder shall be subject to
    the same provisions with reference to the payment of calls,
    liens, transfer, transmission and forfeiture and otherwise as
    the Shares in the original Share capital.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (c)&#160;Subject to the provisions of the Statute, the Company
    may by Special Resolution change its name or alter its objects.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (d)&#160;Without prejudice to Article&#160;23(a) hereof and
    subject to the provisions of the Statute, the Company may by
    Special Resolution reduce its share capital and any capital
    redemption reserve fund.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (e)&#160;Subject to the provisions of the Statute, the Company
    may by resolution of the Directors change the location of its
    registered office.
</DIV>

<DIV style="margin-top: 18pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">CLOSING
    REGISTER OF MEMBERS OR FIXING RECORD DATE</FONT></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    45.&#160;For the purpose of determining Members entitled to
    notice of or to vote at any meeting of Members or any
    adjournment thereof, or Members entitled to receive payment of
    any dividend, or in order to make a determination of Members for
    any other proper purpose, the Directors of the Company may
    provide that the register of Members shall be closed for
    transfers for a stated period but not to exceed in any case
    forty (40)&#160;days. If the register of Members shall be so
    closed for the purpose of determining Members entitled to notice
    of or to vote at a meeting of Members such register shall be so
    closed for at least ten (10)&#160;days immediately preceding
    such meeting and the record date for such determination shall be
    the date of the closure of the register of Members.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    46.&#160;In lieu of or apart from closing the register of
    Members, the Directors may fix in advance a date as the record
    date for any such determination of Members entitled to notice of
    or to vote at a meeting of the Members and for the purpose of
    determining the Members entitled to receive payment of any
    dividend the Directors may, at or within ninety (90)&#160;days
    prior to the date of declaration of such dividend fix a
    subsequent date as the record date for such determination.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    47.&#160;If the register of Members is not so closed and no
    record date is fixed for the determination of Members entitled
    to notice of or to vote at a meeting of Members or Members
    entitled to receive payment of a dividend, the date on which
    notice of the meeting is mailed or the date on which the
    resolution of the Directors declaring such dividend is adopted,
    as the case may be, shall be the record date for such
    determination of Members. When a determination of Members
    entitled to vote at any meeting of Members has been made as
    provided in this section, such determination shall apply to any
    adjournment thereof.
</DIV>

<P align="center" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <BR>
    B-13
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<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>

<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->

<DIV align="center" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">GENERAL
    MEETING</FONT></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    48.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (a)&#160;Subject to paragraph (c)&#160;hereof, the Company shall
    within one (1)&#160;year of its incorporation and in each year
    of its existence thereafter hold a general meeting as its annual
    general meeting and shall specify the meeting as such in the
    notices calling it. The annual general meeting shall be held at
    such time and place as the Directors shall appoint.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (b)&#160;At these meetings the report of the Directors (if any)
    shall be presented.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (c)&#160;If the Company is exempted as defined in the Statute it
    may but shall not be obliged to hold an annual general meeting.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    49.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (a)&#160;The Directors may whenever they think fit, and they
    shall on the requisition of Members of the Company holding at
    the date of the deposit of the requisition not less than
    one-third of such of the
    <FONT style="white-space: nowrap">Paid-up</FONT>
    capital of the Company as at the date of the deposit carries the
    right of voting at general meetings of the Company, proceed to
    convene a general meeting of the Company.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (b)&#160;The requisition must state the objects of the meeting
    and must be signed by the requisitionists and deposited at the
    office of the Chairman of the Board or the president of the
    Company and may consist of several documents in like form each
    signed by one or more requisitionists.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (c)&#160;If the Directors do not within twenty-one
    (21)&#160;days from the date of the deposit of the requisition
    duly proceed to convene a general meeting, the requisitionists,
    or any of them representing more than one-half of the total
    voting rights of all of them, may themselves convene a general
    meeting, but any meeting so convened shall not be held after the
    expiration of three (3)&#160;months after the expiration of the
    said twenty (21)&#160;days.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (d)&#160;A general meeting convened as aforesaid by
    requisitionists shall be convened in the same manner as nearly
    as possible as that in which general meetings are to be convened
    by Directors.
</DIV>

<DIV style="margin-top: 18pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">NOTICE OF
    GENERAL MEETINGS</FONT></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    50.&#160;At least five (5)&#160;days notice shall be given by
    the Board of Directors of an annual general meeting or any other
    general meeting to the Members whose names on the date of the
    notice appear as a shareholder in the register of Members of the
    Company and are entitled to vote at the meeting. Every notice
    shall be exclusive of the day on which it is given or deemed to
    be given and of the day for which it is given and shall specify
    the place, the day and the hour of the meeting and the general
    nature of the business and shall be given in the manner
    hereinafter mentioned or in such other manner if any as may be
    prescribed by the Company, provided that a general meeting of
    the Company shall, whether or not the notice specified in this
    regulation has been given and whether or not the provisions of
    Article&#160;52 have been complied with, be deemed to have been
    duly convened if it is so agreed:
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (a)&#160;in the case of a general meeting called as an annual
    general meeting by all the Members entitled to attend and vote
    thereat or their proxies;&#160;and
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (b)&#160;in the case of any other general meeting by a majority
    in number of the Members having a right to attend and vote at
    the meeting, being a majority together holding not less than
    66<FONT style="vertical-align: text-top; font-size: 70%;">2</FONT>/<FONT style="font-size: 70%;">3</FONT>%
    in nominal value of the Shares in issue (on an as-if-converted
    basis).
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    51.&#160;The accidental omission to give notice of a general
    meeting to, or the non-receipt of notice of a meeting by any
    Person entitled to receive notice shall not invalidate the
    proceedings of that meeting.
</DIV>

<DIV style="margin-top: 18pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">PROCEEDINGS
    AT GENERAL MEETINGS</FONT></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    52.&#160;A general meeting shall be deemed duly constituted if,
    at the commencement of and throughout the meeting, there are
    present in person or by proxy the holder(s) of (i)&#160;at least
    fifty percent (50%) of all Shares carrying an entitlement to
    vote in issue provided always that if the Company has one Member
    of record the quorum shall be that one Member present in person
    or by proxy. No business shall be transacted at any
</DIV>

<P align="center" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <BR>
    B-14
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<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    general meeting unless the aforesaid quorum of Members is
    present at the time when the meeting proceeds to business.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    53.&#160;A resolution (including a Special Resolution) in
    writing (in one or more counterparts) signed by the Members
    required to vote on such resolution (or being corporations by
    their duly authorised representatives) shall be as valid and
    effective as if the same had been passed at a general meeting of
    the Company duly convened and held.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    54.&#160;If within one (1)&#160;hour from the time appointed for
    the meeting a quorum is not present, the meeting, if convened
    upon the requisition of Members, shall be dissolved and in any
    other case it shall stand adjourned to the same time and place
    seven (7)&#160;Business Days later or such other place as the
    Directors may determine and if at the adjourned meeting a quorum
    is not present within half an hour from the time appointed for
    the meeting, the Members present shall be a quorum.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    55.&#160;The general meeting of the Company may be held and any
    Member may participate in such meeting, by means of a conference
    telephone or similar communication equipment by means of which
    all persons participating in the meeting are capable of hearing
    each other; and such participation shall be deemed to constitute
    presence in person at that meeting.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    56.&#160;The Chairman, if any, of the Board of Directors shall
    preside as Chairman at every general meeting of the Company, or
    if there is no such Chairman, or if such Chairman shall not be
    present within fifteen (15)&#160;minutes after the time
    appointed for the holding of the meeting, or is unwilling to
    act, the Directors present shall elect one of their number to be
    Chairman of the meeting.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    57.&#160;If at any general meeting no Director is willing to act
    as Chairman or if no Director is present within fifteen
    (15)&#160;minutes after the time appointed for holding the
    meeting, the Members present shall choose one of their numbers
    to be Chairman of the meeting.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    58.&#160;The Chairman may, with the consent of any general
    meeting duly constituted hereunder, and shall if so directed by
    the meeting, adjourn the meeting from time to time and from
    place to place, but no business shall be transacted at any
    adjourned meeting other than the business left unfinished at the
    meeting from which the adjournment took place. When a general
    meeting is adjourned for thirty (30)&#160;days or more, notice
    of the adjourned meeting shall be given as in the case of an
    original meeting; save as aforesaid it shall not be necessary to
    give any notice of an adjournment or of the business to be
    transacted at an adjourned general meeting.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    59.&#160;At any general meeting a resolution put to the vote of
    the meeting shall be decided on a show of hands unless a poll
    is, before or on the declaration of the result of the show of
    hands, demanded by the Chairman or any other Member present in
    person or by proxy.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    60.&#160;Unless a poll be so demanded a declaration by the
    Chairman that a resolution has on a show of hands been carried,
    or carried unanimously, or by a particular majority, or lost, an
    entry to that effect in the Company&#146;s Minute Book
    containing the Minutes of the proceedings of the meeting shall
    be conclusive evidence of that fact without proof of the number
    or proportion of the votes recorded in favour of or against such
    resolution.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    61.&#160;The demand for a poll may be withdrawn.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    62.&#160;Except as provided herein, if a poll is duly demanded
    it shall be taken in such manner as the Chairman directs and the
    result of the poll shall be deemed to be the resolution of the
    general meeting at which the poll was demanded.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    63.&#160;In the case of an equality of votes, whether on a show
    of hands or on a poll, the Chairman of the general meeting at
    which the show of hands takes place or at which the poll is
    demanded, shall be entitled to a second or casting vote.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    64.&#160;A poll demanded on the election of a Chairman or on a
    question of adjournment shall be taken forthwith. A poll
    demanded on any other question shall be taken at such time as
    the Chairman of the general meeting directs and any business
    other than that upon which a poll has been demanded or is
    contingent thereon may be proceeded with pending the taking of
    the poll.
</DIV>

<P align="center" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <BR>
    B-15
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<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->

<DIV align="center" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">VOTES OF
    MEMBERS</FONT></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    65.&#160;Subject to any rights or restrictions for the time
    being attached to any Class or series or Classes or series of
    Shares, on a show of hands every Member of record present in
    person or by proxy at a general meeting shall have one vote and
    on a poll every Member of record present in person or by proxy
    shall have one vote for each Share registered in such
    Member&#146;s name in the register of Members.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    66.&#160;In the case of joint holders of record the vote of the
    senior who tenders a vote, whether in person or by proxy, shall
    be accepted to the exclusion of the votes of the other joint
    holders, and for this purpose seniority shall be determined by
    the order in which the names stand in the register of Members.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    67.&#160;A Member of unsound mind, or in respect of whom an
    order has been made by any court, having jurisdiction in lunacy,
    may vote, whether on a show of hands or on a poll, by such
    Member&#146;s committee, receiver, curator bonis, or other
    Person in the nature of a committee, receiver or curator bonis
    appointed by that court, and any such committee, receiver,
    curator bonis or other persons may vote by proxy.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    68.&#160;No Member shall be entitled to vote at any general
    meeting unless such Member is registered as a shareholder of the
    Company on the record date for such meeting nor unless all calls
    or other sums presently payable by such Member in respect of
    Shares in the Company have been paid.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    69.&#160;No objection shall be raised to the qualification of
    any voter except at the general meeting or adjourned general
    meeting at which the vote objected to is given or tendered and
    every vote not disallowed at such general meeting shall be valid
    for all purposes. Any such objection made in due time shall be
    referred to the Chairman of the general meeting whose decision
    shall be final and conclusive.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    70.&#160;On a poll or on a show of hands votes may be given
    either personally or by proxy.
</DIV>

<DIV style="margin-top: 18pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">PROXIES</FONT></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    71.&#160;The instrument appointing a proxy shall be in writing
    and shall be executed under the hand of the appointor or of the
    attorney of the appointor duly authorised in writing, or, if the
    appointor is a corporation under the hand of an officer or
    attorney duly authorised in that behalf. A proxy need not be a
    Member of the Company.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    72.&#160;The instrument appointing a proxy shall be deposited at
    such place as is specified for that purpose in the notice
    convening the meeting no later than the time for holding the
    meeting, or adjourned meeting provided that the Chairman of the
    Meeting may at his or her discretion direct that an instrument
    of proxy shall be deemed to have been duly deposited upon
    receipt of telex, cable or telecopy confirmation from the
    appointor that the instrument of proxy duly signed is in the
    course of transmission to the Company.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    73.&#160;The instrument appointing a proxy may be in any usual
    or common form and may be expressed to be for a particular
    meeting or any adjournment thereof or generally until revoked.
    An instrument appointing a proxy shall be deemed to include the
    power to demand or join or concur in demanding a poll.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    74.&#160;A vote given in accordance with the terms of an
    instrument of proxy shall be valid notwithstanding the previous
    death or insanity of the principal or revocation of the proxy or
    of the authority under which the proxy was executed, or the
    transfer of the Share in respect of which the proxy is given
    provided that no intimation in writing of such death, insanity,
    revocation or transfer as aforesaid shall have been received by
    the Company at the registered office before the commencement of
    the general meeting, or adjourned meeting at which it is sought
    to use the proxy.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    75.&#160;Any corporation which is a Member of record of the
    Company may in accordance with its Articles or in the absence of
    such provision by resolution of its Directors or other governing
    body authorize such Person as it thinks fit to act as its
    representative at any meeting of the Company or of any Class or
    series of Members of the Company, and the Person so authorised
    shall be entitled to exercise the same powers on behalf of the
    corporation which such Person represents as the corporation
    could exercise if it were an individual Member of record of the
    Company.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    76.&#160;Shares of its own capital belonging to the Company or
    held by it in a fiduciary capacity shall not be voted, directly
    or indirectly, at any meeting and shall not be counted in
    determining the total number of outstanding Shares at any given
    time.
</DIV>

<P align="center" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <BR>
    B-16
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<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->

<DIV align="center" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">DIRECTORS</FONT></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    77.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (a)&#160;Unless otherwise determined by the Company in a general
    meeting, the number of Directors shall not be less than three
    Directors nor more than ten (10)&#160;Directors, the exact
    number to be determined from time to time by the Directors.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (b)&#160;Each Director shall hold office until the expiration of
    his term and until his successor shall have been elected and
    qualified.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (c)&#160;The Board of Directors shall have a Chairman of the
    Board of Directors (the <B>&#147;Chairman&#148;</B>) elected and
    appointed by a majority of the Directors then in office. The
    Chairman shall preside as chairman at every meeting of the Board
    of Directors. To the extent the Chairman is not present at a
    meeting of the Board of Directors, the attending Directors may
    choose one Director to be the chairman of the meeting.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (d)&#160;The Company may by Ordinary Resolution elect any person
    to be a Director either to fill a casual vacancy on the Board or
    as an addition to the existing Board.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (e)&#160;The Directors by the affirmative vote of a simple
    majority of the remaining Directors present and voting at a
    Board meeting, or the sole remaining Director, shall have the
    power from time to time and at any time to appoint any person as
    a Director to fill a casual vacancy on the Board or as an
    addition to the existing Board.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    78.&#160;A Director may be removed from office by Special
    Resolution at any time before the expiration of his term
    notwithstanding anything in these Articles or in any agreement
    between the Company and such Director (but without prejudice to
    any claim for damages under such agreement).
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    79.&#160;The Directors may, from time to time adopt, institute,
    amend, modify or revoke the corporate governance policies or
    initiatives, which shall be intended to set forth the policies
    of the Company and the Board on various corporate governance
    related matters as the Directors shall determine by resolution
    from time to time.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    80.&#160;A Director shall not be required to hold any Shares in
    the Company by way of qualification. A Director who is not a
    Member of the Company shall nevertheless be entitled to receive
    notice of and to attend and speak at general meetings of the
    Company and of all classes of Shares of the Company.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    81.&#160;The remuneration to be paid to the Directors shall be
    such remuneration as the Directors shall determine. Such
    remuneration shall be deemed to accrue from day to day. The
    Directors shall also be entitled to be paid their reasonable
    traveling, hotel and other expenses properly incurred by them in
    going to, attending and returning from meetings of the
    Directors, or any committee of the Directors, or general
    meetings of the Company, or otherwise in connection with the
    business of the Company, or to receive a fixed allowance in
    respect thereof as may be determined by the Directors from time
    to time, or a combination partly of one such method and partly
    the other.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    82.&#160;The Directors may by resolution award special
    remuneration to any Director of the Company undertaking any
    special work or services for, or undertaking any special mission
    on behalf of, the Company other than the ordinary routine work
    as a Director. Any fees paid to a Director who is also counsel
    or solicitor to the Company, or otherwise serves it in a
    professional capacity shall be in addition to the remuneration
    as a Director.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    83.&#160;A Director or alternate Director may hold any other
    office or place of profit under the Company (other than the
    office of Auditor) in conjunction with the office of Director
    for such period and on such terms as to remuneration and
    otherwise as the Directors may determine.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    84.&#160;A Director or alternate Director may act individually
    or via the firm with which such Director/alternate Director is
    associated in a professional capacity for the Company, such
    Director/alternate Director or such firm shall be entitled to
    remuneration for such professional services as if such person
    were not a Director or alternate Director.
</DIV>

<P align="center" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <BR>
    B-17
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<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    85.&#160;A shareholding qualification for Directors may be fixed
    by the Company in general meeting, but unless and until so fixed
    no qualification shall be required.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    86.&#160;A Director or alternate Director of the Company may be
    or become a director or other officer of or otherwise interested
    in any company promoted by the Company or in which the Company
    may be interested as shareholder or otherwise and no such
    Director or alternate Director shall be accountable to the
    Company for any remuneration or other benefits received by such
    Director or alternate Director as a director or officer of, or
    from his or her interest in, such other company.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    87.&#160;No individual shall be disqualified from the office of
    Director or alternate Director or prevented by such office from
    contracting with the Company, either as vendor, purchaser or
    otherwise, nor shall any such contract or any contract or
    transaction entered into by or on behalf of the Company in which
    any Director or alternate Director shall be in any way
    interested be or be liable to be avoided, nor shall any Director
    or alternate Director so contracting or being so interested be
    liable to account to the Company for any profit realized by any
    such contract or transaction by reason of such Director holding
    office or of the fiduciary relation thereby established. A
    Director (or alternate Director) shall be at liberty to vote in
    respect of any contract or transaction in which such Director or
    alternate Director is so interested as aforesaid, provided
    however, that the nature of the interest of any Director or
    alternate Director in any such contract or transaction shall be
    disclosed by such Director or the alternate Director appointed
    by such Director at or prior to its consideration and any vote
    thereon.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    88.&#160;A general notice that a Director or alternate Director
    is a shareholder of any specified firm or company and is to be
    regarded as interested in any transaction with such firm or
    company shall be sufficient disclosure under Article&#160;87 and
    after such general notice it shall not be necessary to give
    special notice relating to any particular transaction.
</DIV>

<DIV style="margin-top: 18pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">ALTERNATE
    DIRECTORS</FONT></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    89.&#160;Subject to the exception contained in Article&#160;97,
    a Director who expects to be unable to attend Directors&#146;
    Meetings because of absence, illness or otherwise may appoint
    any individual to be an alternate Director to act in such
    Director&#146;s stead and such appointee whilst he or she holds
    office as an alternate Director shall, in the event of absence
    therefrom of the appointor, be entitled to attend meetings of
    the Directors and to vote thereat and to do, in the place and
    stead of the appointor, any other act or thing which the
    appointor is permitted or required to do by virtue of such
    appointor being a Director as if the alternate Director were the
    appointor, other than appointment of an alternate to such
    Director, and such appointee shall ipso facto vacate office if
    and when the appointor ceases to be a Director or removes the
    appointee from office. Any appointment or removal under this
    Article shall be effected by notice in writing under the hand of
    the Director making the same.
</DIV>

<DIV style="margin-top: 18pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">POWERS
    AND DUTIES OF DIRECTORS</FONT></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    90.&#160;The business of the Company shall be managed in the
    best interests of the Company by the Directors (or a sole
    Director if only one is appointed) who may pay all expenses
    incurred in promoting, registering and setting up the Company,
    and may exercise all such powers of the Company as are not, from
    time to time by the Statute, or by these Articles, or such
    regulations, being not inconsistent with the aforesaid, as may
    be prescribed by the Company in general meeting required to be
    exercised by the Company in general meeting, provided however,
    that no regulations made by the Company in general meeting shall
    invalidate any prior act of the Directors which would have been
    valid if that regulation had not been made.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    91.&#160;The Directors may from time to time and at any time by
    powers of attorney appoint any company, firm, Person or body of
    Persons, whether nominated directly or indirectly by the
    Directors, to be the attorney or attorneys of the Company for
    such purpose and with such powers, authorities and discretions
    (not exceeding those vested in or exercisable by the Directors
    under these Articles) and for such period and subject to such
    conditions as they may think fit, and any such powers of
    attorney may contain such provisions for the protection and
    convenience of Persons dealing with any such attorneys as the
    Directors may think fit and may also authorize any such attorney
    to delegate all or any of the powers, authorities and
    discretions vested in him.
</DIV>

<P align="center" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <BR>
    B-18
</DIV><!-- END PAGE WIDTH -->
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<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    92.&#160;All cheques, promissory notes, drafts, bills of
    exchange and other negotiable instruments and all receipts for
    monies paid to the Company shall be signed, drawn, accepted,
    endorsed or otherwise executed as the case may be in such manner
    as the Directors shall from time to time by resolution determine.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    93.&#160;The Directors shall cause minutes to be made in books
    provided for the purpose:
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (a)&#160;of all appointments of officers made by the Directors;
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (b)&#160;of the names of the Directors (including those
    represented thereat by an alternate or by proxy) present at each
    meeting of the Directors and of any committee of the Directors;
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (c)&#160;of all resolutions and proceedings at all meetings of
    the Company and of the Directors and of committees of Directors.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    94.&#160;The Directors on behalf of the Company may pay a
    gratuity or pension or allowance on retirement to any Director
    who has held any other salaried office or place of profit with
    the Company or to his or her widow or dependants and may make
    contributions to any fund and pay premiums for the purchase or
    provision of any such gratuity, pension or allowance.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    95.&#160;Except as otherwise provided by these Articles, the
    Directors may exercise all the powers of the Company to borrow
    money and to mortgage or charge its undertaking, property and
    uncalled capital or any part thereof and to issue debentures,
    debenture stock and other securities whether outright or as
    security for any debt, liability or obligation of the Company or
    of any third party.
</DIV>

<DIV style="margin-top: 18pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">MANAGEMENT</FONT></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    96.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (a)&#160;The Directors may from time to time provide for the
    management of the affairs of the Company in such manner as they
    shall think fit and the provisions contained in the three next
    following paragraphs shall be without prejudice to the general
    powers conferred by this paragraph.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (b)&#160;Except as otherwise provided by these Articles, the
    Directors from time to time and at any time may establish any
    committees, local boards or agencies for managing any of the
    affairs of the Company and may appoint any persons to be members
    of such committees or local boards or any managers or agents and
    may fix their remunerations.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (c)&#160;The Directors from time to time and at any time may
    delegate to any such committee, local board, manager or agent
    any of the powers, authorities and discretions for the time
    being vested in the Directors and may authorize the members for
    the time being of any such local board, or any of them to fill
    up any vacancies therein and to act notwithstanding vacancies
    and any such appointment or delegation may be made on such terms
    and subject to such conditions as the Directors may think fit
    and the Directors may at any time remove any individual so
    appointed and may annul or vary any such delegation, but no
    individual dealing in good faith and without notice of any such
    annulment or variation shall be affected thereby.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (d)&#160;Any such delegates as aforesaid may be authorised by
    the Directors to subdelegate all or any of the powers,
    authorities, and discretions for the time being vested in them.
</DIV>

<DIV style="margin-top: 18pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">MANAGING
    DIRECTORS</FONT></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    97.&#160;The Directors may, from time to time, appoint one or
    more of their body (but not an alternate Director) to the office
    of Managing Director for such term and at such remuneration
    (whether by way of salary, or commission, or participation in
    profits, or partly in one way and partly in another) as they may
    think fit but such appointment shall be subject to determination
    ipso facto if the Director ceases from any cause to be a
    Director and no alternate Director appointed by such Director
    can act in his or her stead as a Director or Managing Director.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    98.&#160;The Directors may entrust to and confer upon a Managing
    Director any of the powers exercisable by them upon such terms
    and conditions and with such restrictions as they may think fit
    and either collaterally with or to the exclusion of their own
    powers and may from time to time revoke, withdraw, alter or vary
    all or any of such powers.
</DIV>

<P align="center" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <BR>
    B-19
</DIV><!-- END PAGE WIDTH -->
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<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>

<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->

<DIV align="center" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">PROCEEDINGS
    OF DIRECTORS</FONT></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    99.&#160;Except as otherwise provided by these Articles, the
    Directors shall meet together, either telephonically
    <FONT style="white-space: nowrap">and/or</FONT> in
    person, for the dispatch of business, convening, adjourning and
    otherwise regulating their meetings as they think fit. Notices
    and agenda of the business to be transacted at the meeting and
    all relevant documents and materials to be circulated at or
    presented to the meeting shall be sent to every Director and
    alternate Director at least seven (7)&#160;days prior to the
    relevant Board meeting (exclusive of the day on which such
    notice is given). Minutes of Board meetings shall be sent to
    every Director and alternate Director within thirty
    (30)&#160;days after the relevant meeting. Except as provided
    herein, questions or issues arising at any meeting or matters
    brought before the Board to be voted on shall be decided by the
    affirmative vote of a simple majority of the Directors or
    alternate Directors present at the meeting which there is a
    quorum. The vote of an alternate Director not being counted if
    such alternate&#146;s appointor be present at such meeting. In
    case of an equality of votes, the Chairman shall have a second
    or casting vote.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    100.&#160;A Director or alternate Director may, and the
    Secretary on the requisition of a Director or alternate Director
    shall, at any time summon a meeting of the Directors by at least
    seven (7)&#160;days&#146; written notice (exclusive of the day
    on which such notice is given) to every Director and alternate
    Director which notice shall set forth the general nature of the
    business to be considered unless such notice is waived in
    writing by all the Directors (or their alternates) either at,
    before or after the meeting is held, provided that the presence
    of a Director at a meeting shall be deemed to constitute a
    waiver on such Director&#146;s part in respect of such meeting,
    and, provided further, if the notice is given in person, by
    cable, telex or telecopy the same shall be deemed to have been
    given on the day it is delivered to the Directors or
    transmitting organization as the case may be.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    101.&#160;The quorum necessary for the transaction of the
    business of the Directors may be fixed by the Directors and
    unless so fixed shall be a majority of the Directors then in
    office, provided that a Director and his appointed alternate
    Director shall be considered only one person for this purpose. A
    meeting of the Directors at which a quorum is present when the
    meeting proceeds to business shall be competent to exercise all
    powers and discretions for the time being exercisable by the
    Directors. A meeting of the Directors may be held by means of
    telephone or teleconferencing or any other telecommunication
    facility provided that all participants are thereby able to
    communicate immediately by voice with all other participants.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    102.&#160;The continuing Directors may act notwithstanding any
    vacancy in their body, but if and so long as their number is
    reduced below the number fixed by or pursuant to these Articles
    as the necessary quorum of Directors the continuing Directors or
    Director may act for the purpose of increasing the number of
    Directors to that number, or of summoning a general meeting of
    the Company, but for no other purpose.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    103.&#160;The Directors may elect a Chairman of their Board and
    determine the period for which the Chairman is to hold office;
    but if no such Chairman is elected, or if at any meeting the
    Chairman is not present within thirty (30)&#160;minutes after
    the time appointed for holding the same, the Directors present
    may choose one of their number to be Chairman of the meeting.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    104.&#160;The Directors may delegate any of their powers to
    committees consisting of such member or members of their body as
    they think fit; 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 Directors.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    105.&#160;A committee may meet and adjourn as it thinks proper.
    Questions or issues arising or matters brought to be voted upon
    at any meeting shall be determined by a majority of votes of the
    members present, and in the case of an equality of votes the
    chairman of such committee shall have a second or casting vote.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    106.&#160;All acts done by any meeting of the Directors or of a
    committee of Directors (including any individual acting as an
    alternate Director) shall, notwithstanding that it be afterwards
    discovered that there was some defect in the appointment of any
    Director or alternate Director, or that they or any of them were
    disqualified, be as valid as if every such individual had been
    duly appointed and qualified to be a Director or alternate
    Director as the case may be.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    107.&#160;Members of the Board of Directors or of any committee
    thereof may participate in a meeting of the Board or of such
    committee by means of conference telephone or similar
    communications equipment by means of which all persons
    participating in the meeting can hear each other and
    participation in a meeting
</DIV>

<P align="center" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <BR>
    B-20
</DIV><!-- END PAGE WIDTH -->
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<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>

<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    pursuant to this provision shall constitute presence in person
    at such meeting. A resolution in writing (in one or more
    counterparts), signed by all the Directors for the time being or
    all the members of a committee of Directors (an alternate
    Director being entitled to sign such resolution on behalf of
    such alternate&#146;s appointor) shall be as valid and effectual
    as if it had been passed at a meeting of the Directors or
    committee as the case may be duly convened and held.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    108.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (a)&#160;A Director may be represented at any meetings of the
    Board of Directors by a proxy appointed by such Director in
    which event the presence or vote of the proxy shall for all
    purposes be deemed to be that of the Director.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (b)&#160;The provisions of
    <FONT style="white-space: nowrap">Articles&#160;71-76</FONT>
    shall mutatis mutandis apply to the appointment of proxies by
    Directors.
</DIV>

<DIV style="margin-top: 18pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">VACATION
    OF OFFICE OF DIRECTOR</FONT></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    109.&#160;The office of a Director shall be vacated:
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (a)&#160;if such Director gives notice in writing to the Company
    that such Director resigns the office of Director;
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (b)&#160;if such Director is absent (without being represented
    by proxy or an alternate Director appointed by such Director)
    from three (3)&#160;consecutive meetings of the Board of
    Directors without special leave of absence from the Directors,
    and they pass a resolution that such Director has by reason of
    such absence vacated office;
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (c)&#160;if such Director dies, becomes bankrupt or makes any
    arrangement or composition with such Director&#146;s creditors
    generally;
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (d)&#160;if such Director is found a lunatic or becomes of
    unsound mind;&#160;and
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (e)&#160;if such Director is removed pursuant to these Articles.
</DIV>

<DIV style="margin-top: 18pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">PRESUMPTION
    OF ASSENT</FONT></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    110.&#160;A Director of the Company who is present at a meeting
    of the Board of Directors at which action on any Company matter
    is taken shall be presumed to have assented to the action taken
    unless such Director&#146;s dissent shall be entered in the
    Minutes of the meeting or unless such Director shall file his or
    her written dissent from such action with the individual acting
    as the Secretary of the meeting before the adjournment thereof
    or shall forward such dissent by registered mail to such Person
    immediately after the adjournment of the meeting. Such right to
    dissent shall not apply to a Director who voted in favour of
    such action.
</DIV>

<DIV style="margin-top: 18pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">SEAL</FONT></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    111.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (a)&#160;The Company may, if the Directors so determine, have a
    Seal which shall, subject to paragraph (c)&#160;hereof, only be
    used by the authority of the Directors or of a committee of the
    Directors authorised by the Directors in that behalf and every
    instrument to which the Seal has been affixed shall be signed by
    one individual
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    who shall be either a Director or the Secretary or
    Secretary-Treasurer or some individual appointed by the
    Directors for the purpose.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (b)&#160;The Company may have for use in any place or places
    outside the Cayman Islands a duplicate Seal or Seals each of
    which shall be a facsimile of the Common Seal of the Company
    and, if the Directors so determine, with the addition on its
    face of the name of every place where it is to be used.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (c)&#160;A Director, Secretary or other officer or
    representative or attorney may without further authority of the
    Directors affix the Seal of the Company over his or her
    signature alone to any document of the Company required to be
    authenticated by him or her under Seal or to be filed with the
    Registrar of Companies in the Cayman Islands or elsewhere
    wheresoever.
</DIV>

<P align="center" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <BR>
    B-21
</DIV><!-- END PAGE WIDTH -->
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<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>

<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->

<DIV align="center" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">OFFICERS</FONT></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    112.&#160;The Company may have a President, a Secretary or
    Secretary-Treasurer appointed by the Directors who may also from
    time to time appoint such other officers as they consider
    necessary, all for such terms, at such remuneration and to
    perform such duties, and subject to such provisions as to
    disqualification and removal as the Directors from time to time
    prescribe.
</DIV>

<DIV style="margin-top: 18pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">DIVIDENDS,
    DISTRIBUTIONS AND RESERVE</FONT></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    113.&#160;Subject to the Statute and these Articles, the
    Directors may from time to time declare dividends (including
    interim dividends) and distributions on Shares of the Company
    outstanding and authorize payment of the same out of the funds
    of the Company lawfully available therefore.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    114.&#160;The Directors may, before declaring any dividends or
    distributions, set aside such sums as they think proper as a
    reserve or reserves which shall at the discretion of the
    Directors, be applicable for any purpose of the Company and
    pending such application may, at the like discretion, be
    employed in the business of the Company.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    115.&#160;Subject to the rights of Persons, if any, entitled to
    Shares with special rights as to dividends or distributions, if
    dividends or distributions are to be declared on a class of
    Shares, they shall be declared and paid according to the amounts
    paid or credited as paid on the Shares of such class outstanding
    on the record date for such dividend or distribution, as
    determined in accordance with these Articles. No amount paid or
    credited as paid on a Share in advance of calls shall be treated
    for the purpose of this Article as paid on the Share.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    116.&#160;Except as otherwise provided herein, the Directors may
    deduct from any dividend or distribution payable to any Member
    all sums of money (if any) presently payable by such Member to
    the Company on the account of calls.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    117.&#160;The Directors may declare that any dividend or
    distribution be paid wholly or partly by the distribution of
    specific assets and in particular of paid up Shares, debentures,
    or debenture stock of any other company or in any one or more of
    such ways and where any difficulty arises in regard to such
    distribution, the Directors may settle the same as they think
    expedient and in particular may issue fractional certificates
    and fix the value for distribution of such specific assets or
    any part thereof and may determine that cash payments shall be
    made to any Members upon the footing of the value so fixed in
    order to adjust the rights of all Members and may vest any such
    specific assets in trustees as may seem expedient to the
    Directors.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    118.&#160;Any dividend, distribution, interest or other monies
    payable in cash in respect of Shares may be paid by cheque or
    warrant sent through the post directed to the registered address
    of the holder or, in the case of joint holders, to the holder
    who is first named on the register of Members or to such Person
    and to such address as such holder or joint holders may in
    writing direct. Every such cheque or warrant shall be made
    payable to the order of the Person to whom it is sent. Any one
    of two or more joint holders may give effectual receipts for any
    dividends, bonuses, or other monies payable in respect of the
    Share held by them as joint holders.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    119.&#160;No dividend or distribution shall bear interest
    against the Company.
</DIV>

<DIV style="margin-top: 18pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">CAPITALIZATION</FONT></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    120.&#160;The Company may upon the recommendation of the
    Directors by Ordinary Resolution authorize the Directors to
    capitalize any sum standing to the credit of any of the
    Company&#146;s reserve accounts (including share premium account
    and capital redemption reserve fund) or any sum standing to the
    credit of profit and loss account or otherwise available for
    distribution and to appropriate such sum to Members in the
    proportions in which such sum would have been divisible amongst
    them had the same been a distribution of profits by way of
    dividend and to apply such sum on their behalf in paying up in
    full unissued Shares for allotment and distribution credited as
    fully paid up to and amongst them in the proportion aforesaid.
    In such event the Directors shall do all acts and things
    required to give effect to such capitalization, with full power
    to the Directors to make such provisions as they think fit for
    the case of Shares becoming distributable in fractions
    (including provisions whereby the benefit of fractional
    entitlements accrue to the Company rather than to the
</DIV>

<P align="center" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <BR>
    B-22
</DIV><!-- END PAGE WIDTH -->
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<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Members concerned). The Directors may authorize any Person to
    enter on behalf of all of the Members interested into an
    agreement with the Company providing for such capitalization and
    matters incidental thereto and any agreement made under such
    authority shall be effective and binding on all concerned.
</DIV>

<DIV style="margin-top: 18pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">BOOKS OF
    ACCOUNT</FONT></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    121.&#160;The Directors shall cause proper books of account to
    be kept with respect to:
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (a)&#160;all sums of money received and expended by the Company
    and the matters in respect of which the receipt or expenditure
    takes place;
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (b)&#160;all sales and purchases of goods by the
    Company;&#160;and
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (c)&#160;the assets and liabilities of the Company.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Proper books shall not be deemed to be kept if there are not
    kept such books of account as are necessary to give a true and
    fair view of the state of the Company&#146;s affairs and to
    explain its transactions.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    122.&#160;Except as otherwise provided by these Articles, the
    Directors shall from time to time determine whether and to what
    extent and at what times and places and under what conditions or
    regulations the accounts and books of the Company or any of them
    shall be open to the inspection of Members not being Directors
    and no Member (not being a Director) shall have any right of
    inspecting any account or book or document of the Company except
    as conferred by Statute or authorised by the Directors or by the
    Company in general meeting.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    123.&#160;The Directors may from time to time cause to be
    prepared and to be laid before the Company in general meeting
    profit and loss accounts, balance sheets, group accounts (if
    any) and such other reports and accounts as may be required by
    law
</DIV>

<DIV style="margin-top: 18pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">AUDIT</FONT></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    124.&#160;The Company may at any annual general meeting appoint
    an Auditor or Auditors of the Company who shall hold office
    until the next annual general meeting and may fix the
    remuneration of such Auditor or Auditors.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    125.&#160;The Directors may before the first annual general
    meeting appoint an Auditor or Auditors of the Company who shall
    hold office until the first annual general meeting unless
    previously removed by an Ordinary Resolution of the Members in
    general meeting in which case the Members at that meeting may
    appoint Auditors. The Directors may fill any casual vacancy in
    the office of Auditor but while any such vacancy continues the
    surviving or continuing Auditor or Auditors, if any, may act.
    The remuneration of any Auditor appointed by the Directors under
    this Article may be fixed by the Directors.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    126.&#160;Every Auditor of the Company shall have a right of
    access at all times to the books and accounts and vouchers of
    the Company and shall be entitled to require from the Directors
    and Officers of the Company such information and explanation as
    may be necessary for the performance of the duties of the
    auditors.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    127.&#160;Auditors shall at the next annual general meeting
    following their appointment and at any other time during their
    term of office, upon request of the Directors or any general
    meeting of the Members, make a report on the accounts of the
    Company in general meeting during their tenure of office.
</DIV>

<DIV style="margin-top: 18pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">NOTICES</FONT></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    128.&#160;Notices shall be in writing. Any Member may provide
    notice to the Company and the Company may provide notice to any
    Member either personally or by sending it by internationally
    recognized courier, post, facsimile, cable, telex, telecopy or
    electronic message to (i)&#160;a Member at his or her or its or
    its address, facsimile number or electronic mail address as
    shown in the register of Members (if by the Company) or
    (ii)&#160;the Company at the address, facsimile number or
    electronic mail address of its principal office in the PRC (if
    by a Member). Any such notice, if mailed, will be forwarded
    airmail if the address be outside the Cayman Islands.
</DIV>

<P align="center" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <BR>
    B-23
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<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>

<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    129.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (a)&#160;Where a notice is sent by post, service of the notice
    shall be deemed to be effected by properly addressing,
    pre-paying and posting a letter containing the notice, and to
    have been effected at the expiration of sixty (60)&#160;hours
    after the letter containing the same is posted as aforesaid.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (b)&#160;Where a notice is sent by facsimile, cable, telex,
    telecopy or electronic message, service of the notice shall be
    deemed to be effected by properly addressing, and sending such
    notice through a transmitting organization and to have been
    effected on the day the same is sent as aforesaid.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (c)&#160;Where a notice is sent by courier, service of the
    notice shall be deemed to be effected by properly addressing,
    pre-paying and posting a letter containing the notice, and to
    have been effected on the date set forth in the instructions for
    delivery when sent as aforesaid.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    130.&#160;A notice may be given by the Company to the joint
    holders of record of a Share by giving the notice to the joint
    holder first named on the register of Members in respect of the
    Share.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    131.&#160;A notice may be given by the Company to the Person or
    Persons which the Company has been advised are entitled to a
    Share or Shares in consequence of the death or bankruptcy of a
    Member by sending it through the post as aforesaid in a pre-paid
    letter addressed to them by name, or by the title of
    representatives of the deceased, or trustee of the bankrupt, or
    by any like description at the address supplied for that purpose
    by the Persons claiming to be so entitled, or at the option of
    the Company by giving the notice in any manner in which the same
    might have been given if the death or bankruptcy had not
    occurred.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    132.&#160;Notice of every general meeting shall be given in any
    manner hereinbefore authorised to:
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (a)&#160;every Person shown as a Member in the register of
    Members as of the record date for such meeting except that in
    the case of joint holders the notice shall be sufficient if
    given to the joint holder first named in the register of
    Members;&#160;and
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (b)&#160;every Person upon whom the ownership of a Share
    devolves by reason of his or her or its being a legal personal
    representative or a trustee in bankruptcy of a Member of record
    where the Member of record but for his or her death or
    bankruptcy would be entitled to receive notice of the meeting.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    No other Person shall be entitled to receive notices of general
    meetings.
</DIV>

<DIV style="margin-top: 18pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">WINDING
    UP</FONT></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    133.&#160;Subject to the rights of the respective classes and
    series of Shareholders as set forth in Article&#160;135, if the
    Company shall be wound up, the liquidator may, with the sanction
    of a Special Resolution of the Company and any other sanction
    required by the Statute and these Articles, divide amongst the
    Members in specie or kind the whole or any part of the assets of
    the Company (whether they shall consist of property of the same
    kind or not) and may for such purpose set such value as the
    liquidator deems fair upon any property to be divided as
    aforesaid and may determine how such division shall be carried
    out as between the Members or different classes of Members.
    Subject to the rights of the respective classes and series of
    Shareholders as set forth in Article&#160;135, the liquidator
    may with the like sanction, vest the whole or any part of such
    assets in trustees upon such trusts for the benefit of the
    contributories as the liquidator, with the like sanction, shall
    think fit, but so that no Member shall be compelled to accept
    any Shares or other securities whereon there is any liability.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    134.&#160;If the Company shall be wound up, and the assets
    available for distribution amongst the Members as such shall be
    insufficient to repay the whole of the
    <FONT style="white-space: nowrap">Paid-up</FONT>
    capital, such assets shall be distributed in accordance with
    Article&#160;135.
</DIV>

<DIV style="margin-top: 18pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">LIQUIDATION
    PREFERENCE</FONT></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    135.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (a)&#160;Upon any liquidation, dissolution or winding up of the
    Company (a <B>&#147;Liquidation Event&#148;</B>)<B>, </B>either
    voluntary or involuntary, the assets of the Company available
    for distribution shall be distributed to all holders of share
    capital of the Company (including the Ordinary Shareholders) pro
    rata on an as-if converted basis.
</DIV>

<P align="center" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <BR>
    B-24
</DIV><!-- END PAGE WIDTH -->
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<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (b)&#160;In the event the Company proposes to distribute assets
    other than cash in connection with any liquidation, dissolution
    or winding up of the Company, the value of the assets to be
    distributed to the holders of Ordinary Shares shall be
    determined in good faith by the Board (but in accordance with
    the liquidation preferences and amounts set forth in this
    Article&#160;135), or by a liquidator if one is appointed. Any
    securities not subjected to investment letter or similar
    restrictions on free marketability shall be valued as follows:
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 8%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (i)&#160;if traded on a securities exchange, the value shall be
    deemed to be the average of the security&#146;s closing prices
    on such exchange over the thirty (30)&#160;day period ending one
    (1)&#160;day prior to the distribution;
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 8%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (ii)&#160;if traded over-the-counter, the value shall be deemed
    to be the average of the closing bid prices over the thirty
    (30)&#160;day period ending three (3)&#160;days prior to the
    distribution;&#160;and
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 8%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (iii)&#160;if there is no active public market, the value shall
    be the fair market value thereof as determined in good faith by
    the Board.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 8%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    The method of valuation of securities subject to investment
    letter or other restrictions on free marketability shall be
    adjusted to make an appropriate discount from the market value
    determined as above in clauses (i), (ii)&#160;or (iii)&#160;to
    reflect the fair market value thereof as determined in good
    faith by the Board, or by a liquidator if one is appointed.
</DIV>

<DIV style="margin-top: 18pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">INDEMNITY</FONT></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    136.&#160;To the fullest extent permitted by Statute, the
    Directors and officers for the time being of the Company and any
    trustee for the time being acting in relation to any of the
    affairs of the Company and their heirs, executors,
    administrators and personal representatives respectively shall
    be indemnified out of the assets of the Company from and against
    all actions, proceedings, costs, charges, losses, damages and
    expenses which they or any of them shall or may incur or sustain
    by reason of any act done or omitted in or about the execution
    of their duty in their respective offices or trusts, except such
    (if any) as they shall incur or sustain by or through their own
    willful neglect or default respectively and no such Director,
    officer or trustee shall be answerable for the acts, receipts,
    neglects or defaults of any other Director, officer or trustee
    or for joining in any receipt for the sake of conformity or for
    the solvency or honesty of any banker or other Persons with whom
    any monies or effects belonging to the Company may be lodged or
    deposited for safe custody or for any insufficiency of any
    security upon which any monies of the Company may be invested or
    for any other loss or damage due to any such cause as aforesaid
    or which may happen in or about the execution of his or her
    office or trust unless the same shall happen through the willful
    neglect or default of such Director, Officer or trustee.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    137.&#160;Expenses (including attorneys&#146; fees, costs and
    charges) incurred by a Director or officer of the Company in
    defending a proceeding shall be paid by the Company in advance
    of the final disposition of such proceeding upon receipt of an
    undertaking by or on behalf of the Director or officer to repay
    all amounts so advanced in the event that it shall ultimately be
    determined that such Director or officer is not entitled to be
    indemnified by the Company pursuant to Article&#160;136.
</DIV>

<DIV style="margin-top: 18pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">FINANCIAL
    YEAR</FONT></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    138.&#160;Unless the Directors otherwise prescribe, the
    financial year of the Company shall end on 31st&#160;December in
    each year and, following the year of incorporation, shall begin
    on 1st&#160;January in each year.
</DIV>

<DIV style="margin-top: 18pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">AGGREGATION
    OF SHARES</FONT></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    139.&#160;All Ordinary Shares held or acquired by affiliated
    entities or Persons (as defined in Rule&#160;144 under the
    Securities Act, or underlying any Convertible Securities or
    Option Securities, on an as-if-converted basis) shall be
    aggregated together for the purpose of determining the
    availability of any rights under these Articles.
</DIV>

<P align="center" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <BR>
    B-25
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<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->

<DIV align="center" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">AMENDMENTS
    OF ARTICLES</FONT></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    140.&#160;Subject to the Statute and these Articles, the Company
    may at any time and from time to time by Special Resolution
    alter or amend these Articles in whole or in part.
</DIV>

<DIV style="margin-top: 18pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">TRANSFER
    BY WAY OF CONTINUATION</FONT></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    141.&#160;If the Company is exempted as defined in the Statute,
    it shall, subject to the provisions of the Statute and with the
    approval of a Special Resolution, have the power to register by
    way of continuation as a body corporate under the laws of any
    jurisdiction outside the Cayman Islands and to be deregistered
    in the Cayman Islands.
</DIV>

<P align="center" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <BR>
    B-26
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<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->

<DIV align="right" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">Annex
    C</FONT></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    THE SECURITIES REPRESENTED BY THIS CERTIFICATE HAVE NOT BEEN
    REGISTERED UNDER THE SECURITIES ACT OF 1933, AND HAVE BEEN
    ACQUIRED FOR INVESTMENT AND NOT WITH A VIEW TO, OR IN CONNECTION
    WITH, THE SALE OR DISTRIBUTION THEREOF. NO SUCH SALE OR
    DISTRIBUTION MAY BE EFFECTED WITHOUT AN EFFECTIVE REGISTRATION
    STATEMENT RELATED THERETO OR AN OPINION OF COUNSEL IN A
    FORM&#160;SATISFACTORY TO THE COMPANY THAT SUCH REGISTRATION IS
    NOT REQUIRED UNDER THE SECURITIES ACT OF 1933.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

<TR>
    <TD width="50%"></TD>
    <TD width="50%"></TD>
</TR>

<TR valign="top">
    <TD nowrap align="left">    <FONT style="font-family: 'Times New Roman', Times">Warrant
    No.&#160;&#160;&#160;&#160;&#160;&#160;
    </FONT></TD>
    <TD nowrap align="right">    <FONT style="font-family: 'Times New Roman', Times">  Date of
    Issuance:&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;,
    200&#160;&#160;
    </FONT></TD>
</TR>

</TABLE>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">FORM
    OF<BR>
    WARRANT TO PURCHASE<BR>
    ORDINARY SHARES<BR>
    OF<BR>
    SEARCHMEDIA HOLDINGS LIMITED</FONT></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Searchmedia Holdings Limited, an exempted company organized
    under the laws of the Cayman Islands (the
    &#147;<U>Company</U>&#148;) hereby certifies that
    <B>[&#160;&#149;&#160;]</B>, a company organized under the laws
    of [&#160;&#149;&#160;], or its assigns (the &#147;<U>Registered
    Holder</U>&#148;), is entitled, subject to the terms set forth
    below, to purchase from the Company, at any time after the date
    hereof and on or before the Expiration Date (as defined in
    Section&#160;3 below), ordinary shares, par value US$0.0001 per
    share, in the capital of the Company (&#147;<U>Ordinary
    Shares</U>&#148;) at an exercise price equal to
    US$[&#160;&#149;&#160;] per share, as adjusted from time to time
    pursuant to the provisions of this Warrant (the
    &#147;<U>Exercise Price</U>&#148;).
</DIV>

<DIV align="left"><FONT size="1">

</FONT></DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    This Warrant is issued pursuant to, and is subject to the terms
    and conditions of, the Plan of Merger, Conversion and Share
    Exchange, dated as of March&#160;31, 2009, by and among
    SearchMedia International Limited, the Registered Holder and the
    other parties thereto, as amended (the <B>&#147;Share Exchange
    Agreement&#148;</B>). Capitalized terms not otherwise defined in
    this Warrant shall have the meanings attributed to them in the
    Share Exchange Agreement.
</DIV>

<DIV align="left"><FONT size="1">

</FONT></DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    1.&#160;<I><U>Warrant Shares.</U></I>&#160;&#160;Subject to the
    terms and conditions hereinafter set forth, the Registered
    Holder is entitled, upon surrender of this Warrant, to purchase
    from the Company up to [&#160;&#149;&#160;] newly issued
    Ordinary Shares.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    2.&#160;<I><U>Exercise Price Adjustments.</U></I>&#160;&#160;The
    Exercise Price shall be subject to adjustment from time to time
    pursuant to Section&#160;7 hereof.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    3.&#160;<I><U>Expiration.</U></I>&#160;&#160;Subject to the
    terms and conditions hereinafter set forth, this Warrant (and
    the right to purchase Ordinary Shares upon exercise hereof)
    shall terminate upon the
    <B>[</B>third<B>]<SUP style="font-size: 85%; vertical-align: top">1</SUP>

    </B>anniversary of the Date of Issuance (the <B>&#147;Expiration
    Date&#148;</B>).
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    4.&#160;<I><U>Method of Exercise; Expenses</U></I>.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Prior to the Expiration Date, this Warrant may be exercised by
    the Registered Holder, in whole or in part (but not a fraction
    of a share), by:
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (a)&#160;the surrender of this Warrant, together with a duly
    executed copy of a Notice of Exercise in the form attached as
    <U>Exhibit&#160;A</U> hereto, to the Company at its principal
    offices, or at such other office or agency as the Company may
    designate;&#160;and
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (b)&#160;(1)&#160;the payment to the Company in full of an
    amount equal to (x)&#160;the Exercise Price multiplied by
    (y)&#160;the number of Ordinary Shares being purchased, in cash,
    by wire transfer or by check or (2)&#160;notice to the Company
    of election of the Net Issue Exercise option set forth in
    Section&#160;5 of this Warrant.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    The Company agrees that the Ordinary Shares to be issued
    pursuant to this Warrant shall be issued to the Registered
    Holder and the Registered Holder shall be entered in the
    Company&#146;s register of members on the date on which this
    Warrant shall have been exercised, unless such Warrant exercise
    occurs after the close of business in the place in which the
    Company&#146;s register of members is kept, in which case such
    Registered Holder shall be entered in the Company&#146;s
    register of members on the next business day in such place. The
</DIV>
<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV><DIV style="font-size: 1pt; margin-left: 0%; width: 13%; align: left; border-bottom: 1pt solid #000000"></DIV><DIV style="margin-top: 3pt; font-size: 1pt">&nbsp;</DIV>
<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <SUP style="font-size: 85%; vertical-align: top">1</SUP>&#160;Note&#160;&#151;

    Warrant term to be conformed as necessary for individual
    warrants.
</DIV>

<P align="center" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <BR>
    C-1
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<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Company shall provide the Registered Holder with a true copy of
    the updated register of members of the Company reflecting the
    foregoing, as soon as possible following the date of exercise of
    this Warrant, but in any event within five (5)&#160;business
    days of the date of exercise of this Warrant. The Ordinary
    Shares so purchased shall be deemed to be issued to such
    Registered Holder as of the date of entry in the Company&#146;s
    register of members, and the Registered Holder shall be deemed
    for all purposes a member of the Company with respect to such
    Ordinary Shares on such date.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    5.&#160;<I><U>Net Issue Exercise</U></I>.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (a)&#160;In lieu of exercising this Warrant in the manner
    provided above in Section&#160;4(b)(1), the Registered Holder
    may elect to receive Ordinary Shares equal to the value of this
    Warrant (or the portion thereof being canceled) by surrender of
    this Warrant at the principal offices of the Company (or at such
    other office or agency as the Company may designate) together
    with notice of such election on the Notice of Exercise appended
    hereto as <U>Exhibit&#160;A</U> duly executed by such Registered
    Holder or such Registered Holder&#146;s duly authorized
    attorney, in which event the Company shall issue to such Holder
    a number of Ordinary Shares computed using the following formula:
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>
<DIV style="margin-left: 30%; margin-right: 40%">
<TABLE border="0" width="30%" align="center" cellpadding="0" cellspacing="0" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
<!-- Table Width Row BEGIN -->
<TR style="font-size: 1pt" valign="bottom">
    <TD width="25%">&nbsp;</TD>	<!-- colindex=01 type=maindata -->
    <TD width="15%">&nbsp;</TD>	<!-- colindex=02 type=gutter -->
    <TD width="60%">&nbsp;</TD>	<!-- colindex=02 type=maindata -->
</TR>
<!-- Table Width Row END -->
<TR valign="bottom">
<TD nowrap align="left" valign="top">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    X =
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD align="center" valign="bottom">
    <U>Y (A - B)</U>
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="left" valign="top">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="bottom">
    A
</TD>
</TR>
</TABLE>
</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">

</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<TABLE border="0" width="100%" align="center" cellpadding="0" cellspacing="0" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
<!-- Table Width Row BEGIN -->
<TR style="font-size: 1pt" valign="bottom">
    <TD width="8%">&nbsp;</TD>	<!-- colindex=01 type=maindata -->
    <TD width="5%">&nbsp;</TD>	<!-- colindex=02 type=gutter -->
    <TD width="3%">&nbsp;</TD>	<!-- colindex=02 type=maindata -->
    <TD width="5%">&nbsp;</TD>	<!-- colindex=03 type=gutter -->
    <TD width="79%">&nbsp;</TD>	<!-- colindex=03 type=maindata -->
</TR>
<!-- Table Width Row END -->
<TR valign="bottom">
<TD nowrap align="left" valign="top">
<DIV style="text-indent: -10pt; margin-left: 10pt">
    Where
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="top">
    X =
</TD>
<TD>
&nbsp;
</TD>
<TD align="left" valign="top">
    The number of Ordinary Shares to be issued to the Registered
    Holder.
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="left" valign="top">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="top">
    Y =
</TD>
<TD>
&nbsp;
</TD>
<TD align="left" valign="top">
    The number of Ordinary Shares purchasable under this Warrant (at
    the date of such calculation).
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="left" valign="top">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="top">
    A =
</TD>
<TD>
&nbsp;
</TD>
<TD align="left" valign="top">
    The fair market value of one Ordinary Share (at the date of such
    calculation).
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="left" valign="top">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="top">
    B =
</TD>
<TD>
&nbsp;
</TD>
<TD align="left" valign="top">
    The Exercise Price (as adjusted to the date of such
    calculation).
</TD>
</TR>
</TABLE>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">

</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    For purposes of this Section&#160;5(a), the fair market value of
    an Ordinary Share on the date of calculation shall mean with
    respect to each Ordinary Share:
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (b)&#160;if the Company&#146;s Ordinary Shares are traded on a
    securities exchange or The Nasdaq Stock Market or actively
    traded over-the-counter:
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (A)&#160;if the Company&#146;s Ordinary Shares are traded on a
    securities exchange or The Nasdaq Stock Market, the fair market
    value shall be deemed to be the average of the closing prices
    over a thirty (30)&#160;day period ending three days before date
    of calculation;&#160;or
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (B)&#160;if the Company&#146;s Ordinary Shares are actively
    traded over-the-counter, the fair market value shall be deemed
    to be the average of the closing bid or sales price (whichever
    is applicable) over the thirty (30)&#160;day period ending three
    days before the date of calculation;&#160;or
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (c)&#160;if neither (A)&#160;nor (B)&#160;is applicable, the
    fair market value per Ordinary Share shall be the highest price
    per share which the Company could obtain on the date of
    calculation from a willing buyer (not a current employee or
    director) for an Ordinary Share sold by the Company, from
    authorized but unissued shares, as determined in good faith by
    the Board of Directors of the Company.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    6.&#160;<I><U>Delivery to Holder.</U></I>&#160;&#160;As soon as
    practicable after the exercise of this Warrant in whole or in
    part, the Company at its expense will cause to be issued in the
    name of, and delivered to, the Registered Holder, or as such
    Holder (upon payment by such Holder of any applicable transfer
    taxes) may direct:
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (a)&#160;a copy of the register of members of the Company
    showing the Ordinary Shares to be issued pursuant to such
    exercise of this Warrant registered in such Holder&#146;s name
    certified by a Director of the Company as will be filed with the
    registrar of the Company,&#160;and
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (b)&#160;in case such exercise is in part only, a new warrant or
    warrants (dated the date hereof) of like tenor, calling in the
    aggregate on the face or faces thereof for the number of
    Ordinary Shares equal
</DIV>

<P align="center" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <BR>
    C-2
</DIV><!-- END PAGE WIDTH -->
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<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (without giving effect to any adjustment therein) to the number
    of such shares called for on the face of this Warrant minus the
    number of such shares purchased by the Registered Holder upon
    such exercise as provided in Section&#160;4 above.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    7.&#160;<I><U>Adjustments.</U></I>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (a)&#160;<I><U>Share Splits and Dividends.</U></I>&#160;&#160;If
    the Company&#146;s outstanding Ordinary Shares shall be
    subdivided into a greater number of shares or a dividend in
    Ordinary Shares shall be paid in respect of such Ordinary
    Shares, the Exercise Price in effect immediately prior to such
    subdivision or at the record date of such dividend shall
    simultaneously with the effectiveness of such subdivision or
    immediately after the record date of such dividend be
    proportionately reduced. If the Company&#146;s outstanding
    Ordinary Shares shall be combined into a smaller number of
    shares, the Exercise Price in effect immediately prior to such
    combination shall, simultaneously with the effectiveness of such
    combination, be proportionately increased. When any adjustment
    is required to be made in the Exercise Price, the number of
    Ordinary Shares purchasable upon the exercise of this Warrant
    shall be changed to the number determined by dividing
    (i)&#160;an amount equal to the number of shares issuable upon
    the exercise of this Warrant immediately prior to such
    adjustment, multiplied by the Exercise Price in effect
    immediately prior to such adjustment, by (ii)&#160;the Exercise
    Price in effect immediately after such adjustment.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (b)&#160;<I><U>Reclassification, Etc.</U></I>&#160;&#160;In case
    there occurs any reclassification or change of the outstanding
    Ordinary Shares of the Company or any reorganization of the
    Company (or any other corporation the shares or securities of
    which are at the time receivable upon the exercise of this
    Warrant) or any similar corporate reorganization on or after the
    date hereof (but not including an &#147;Acquisition&#148; (as
    defined in Section&#160;7(c)(i))<B>, </B>then and in each such
    case the Registered Holder, upon the exercise hereof at any time
    after the consummation of such reclassification, change, or
    reorganization shall be entitled to receive, in lieu of the
    shares or other securities and property receivable upon the
    exercise hereof prior to such consummation, the shares or other
    securities or property to which such Holder would have been
    entitled upon such consummation if such Holder had exercised
    this Warrant immediately prior thereto, all subject to further
    adjustment pursuant to the provisions of this Section&#160;7.
    The foregoing provisions shall similarly apply to successive
    reclassifications, capital reorganizations and other changes of
    outstanding Ordinary Shares, as well as to successive
    consolidations, mergers, transfers or other transactions covered
    herein.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (c)&#160;<I><U>Acquisition.</U></I>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (i)&#160;For the purpose of this Warrant,
    &#147;<U>Acquisition</U>&#148; means any sale, license, or other
    disposition of all or substantially all of the consolidated
    assets of the Company, or any reorganization, consolidation,
    scheme of arrangement, merger of the Company, share exchange,
    transfer of its equity securities or other transaction where the
    holders of the Company&#146;s securities before the transaction
    beneficially own less than 50% of the outstanding voting
    securities of the surviving entity after the transaction.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (ii)&#160;Treatment of this Warrant at Acquisition:
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (A)&#160;Upon the written request of the Company, the Registered
    Holder agrees that, in the event of an Acquisition that is not
    an asset sale, either (a)&#160;the Registered Holder shall
    exercise this Warrant and such exercise will be deemed effective
    immediately prior to the consummation of such Acquisition or
    (b)&#160;if the Registered Holder elects not to exercise the
    Warrant, this Warrant will expire upon the consummation of such
    Acquisition, provided that a notice of such Acquisition has been
    duly provided to the Registered Holder in accordance with this
    Warrant. The Company shall provide the Registered Holder with
    written notice of its request relating to the foregoing,
    together with any publicly available information that has been
    provided to its holders of Ordinary Shares in connection with
    such contemplated Acquisition, which is to be delivered to the
    Registered Holder not less than fifteen (15)&#160;days prior to
    the closing of the proposed Acquisition; <U>provided</U>,
    <U>however</U>, that nothing in this clause&#160;(A) shall
    require the Company to disclose information to the Holder prior
    to the date on which such information is publicly disclosed to
    the Company&#146;s shareholders.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (B)&#160;Upon the written request of the Company, the Registered
    Holder agrees that, in the event of an Acquisition that is a
    sale of all or substantially all of the consolidated assets of
    the Company, either
</DIV>

<P align="center" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <BR>
    C-3
</DIV><!-- END PAGE WIDTH -->
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<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (a)&#160;the Registered Holder shall exercise this Warrant and
    such exercise will be deemed effective immediately prior to the
    consummation of such Acquisition or (b)&#160;if the Registered
    Holder elects not to exercise the Warrant, this Warrant will
    continue until the Expiration Date (and such Registered Holder
    shall receive the securities and property, including cash, to
    which such holder would have been entitled upon such
    consummation of such sale of assets if such Holder had so
    exercised this Warrant immediately prior thereto, all subject to
    further adjustment thereafter as provided herein). The Company
    shall provide the Registered Holder with written notice of its
    request relating to the foregoing, together with any publicly
    available information that has been provided to its holders of
    Ordinary Shares in connection with such contemplated
    Acquisition, which is to be delivered to the Registered Holder
    not less than fifteen (15)&#160;days prior to the closing of the
    proposed Acquisition;<U> provided</U>, <U>however</U>, that
    nothing in this clause&#160;(A) shall require the Company to
    disclose information to the Holder prior to the date on which
    such information is publicly disclosed to the Company&#146;s
    shareholders.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (d)&#160;<I><U>Adjustment Certificate.</U></I>&#160;&#160;When
    any adjustment is required to be made in the Ordinary Shares
    issuable pursuant to this Warrant or the Exercise Price pursuant
    to this Section&#160;7, the Company shall promptly mail to the
    Registered Holder a certificate setting forth (i)&#160;a brief
    statement of the facts requiring such adjustment, (ii)&#160;the
    Exercise Price after such adjustment and (iii)&#160;the kind and
    amount of shares or other securities or property into which this
    Warrant shall be exercisable after such adjustment.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    8.&#160;<I><U>Transfers.</U></I>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (a)&#160;<I><U>Unregistered Security.</U></I>&#160;&#160;Each
    holder of this Warrant acknowledges that this Warrant and the
    Ordinary Shares issuable pursuant to this Warrant have not been
    registered under the Securities Act of 1933, as amended (the
    &#147;<U>Securities Act</U>&#148;), and agrees not to sell,
    pledge, distribute, offer for sale, transfer or otherwise
    dispose of this Warrant or any Ordinary Shares issued upon its
    exercise in the absence of (i)&#160;an effective registration
    statement under the Act as to this Warrant or such Ordinary
    Shares and registration or qualification of this Warrant or such
    Ordinary Shares under any applicable U.S.&#160;federal or state
    securities law then in effect, or, in any case, any applicable
    exemptions therefrom, or (ii)&#160;an opinion of counsel,
    reasonably satisfactory to the Company, that such registration
    and qualification are not required. Each certificate or other
    instrument for Ordinary Shares issued upon the exercise of this
    Warrant shall bear a legend substantially to the foregoing
    effect.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (b)&#160;<I><U>Transferability.</U></I>&#160;&#160;Subject to
    the provisions of Section&#160;8(a) hereof and the Share
    Exchange Agreement, this Warrant and all rights hereunder are
    transferable, in whole or in part, upon surrender of the Warrant
    with a properly executed assignment (in the form of
    <U>Exhibit&#160;B</U> hereto) at the principal office of the
    Company.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (c)&#160;<I><U>Warrant Register.</U></I>&#160;&#160;The Company
    will maintain a register containing the names and addresses of
    the Registered Holders of this Warrant. Until any transfer of
    this Warrant is made in the warrant register, the Company may
    treat the Registered Holder of this Warrant as the absolute
    owner hereof for all purposes. Any Registered Holder may change
    such Registered Holder&#146;s address as shown on the warrant
    register by written notice to the Company requesting such change.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    9.&#160;<I><U>Notices of Certain
    Transactions.</U></I>&#160;&#160;In case:
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (a)&#160;the Company shall take a record of the holders of its
    Ordinary Shares for the purpose of entitling or enabling them to
    receive any dividend or other distribution, or to receive any
    right to subscribe for or purchase any shares of any class or
    any other securities, or to receive any other right, to
    subscribe for or purchase any shares of any class or any other
    securities, or to receive any other right,&#160;or
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (b)&#160;of any capital reorganization of the Company, any
    reclassification of the capital shares of the Company, any
    Acquisition,&#160;or
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (c)&#160;of the voluntary or involuntary dissolution,
    liquidation or
    <FONT style="white-space: nowrap">winding-up</FONT>
    of the Company,
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    then, and in each such case, the Company will mail or cause to
    be mailed to the Registered Holder of this Warrant a notice
    specifying, as the case may be, (i)&#160;the date on which a
    record is to be taken for the purpose of such dividend,
    distribution or right, and stating the amount and character of
    such dividend, distribution or right, or (ii)&#160;the effective
    date on which such reorganization, reclassification,
    consolidation,
</DIV>

<P align="center" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <BR>
    C-4
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<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    merger, transfer, dissolution, liquidation,
    <FONT style="white-space: nowrap">winding-up,</FONT>
    redemption or financing is to take place, and the time, if any
    is to be fixed, as of which the holders of record of Ordinary
    Shares (or such other shares or securities at the time
    deliverable upon such reorganization, reclassification,
    consolidation, merger, transfer, dissolution, liquidation,
    <FONT style="white-space: nowrap">winding-up,</FONT>
    redemption or conversion) are to be determined; <U>provided</U>,
    <U>however</U>, that nothing in clause&#160;(i) or
    clause&#160;(ii) of this subsection&#160;(c) shall require the
    Company to disclose information to the Holder prior to the date
    on which such information is publicly disclosed to the
    Company&#146;s shareholders. Subject to the proviso in the
    preceding sentence: (x)&#160;such notice shall also attach all
    related documents setting forth the major terms and conditions
    of the event specified in such notice and (y)&#160;the Company
    shall make sure that such notice is received by the Registered
    Holder at least ten (10)&#160;business days prior to the record
    date or effective date for the event specified in such notice.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    10.&#160;<I><U>Reservation of Shares.</U></I>&#160;&#160;The
    Company shall at all times when the Warrant is outstanding,
    reserve the maximum number of Ordinary Shares that may be
    issuable pursuant to the terms hereof. If at the time of
    exercise of this Warrant there are insufficient authorized
    Ordinary Shares to permit exercise of this Warrant in part or in
    full, the Company or its successor or assignee shall take such
    corporate action as may be necessary to authorize a sufficient
    number of Ordinary Shares to permit such exercise in part or in
    full, as the case may be, including, without limitation,
    engaging in commercially reasonable efforts to obtain the
    requisite approval of the members of the Company of any
    necessary amendment to the Company&#146;s Memorandum of
    Association
    <FONT style="white-space: nowrap">and/or</FONT>
    Articles of Association.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    11.&#160;<I><U>Exchange of Warrants.</U></I>&#160;&#160;Upon the
    surrender by the Registered Holder of any Warrant or Warrants,
    properly endorsed, to the Company at the principal office of the
    Company, the Company will, subject to the provisions of
    Section&#160;4 hereof, issue and deliver to or upon the order of
    such Holder, at the Company&#146;s expense, a new Warrant or
    Warrants of like tenor, in the name of such Registered Holder or
    as such Registered Holder (upon payment by such Registered
    Holder of any applicable transfer taxes) may direct, calling in
    the aggregate on the face or faces thereof for the number of
    Ordinary Shares called for on the face or faces of the Warrant
    or Warrants so surrendered.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    12.&#160;<I><U>Replacement of Warrants.</U></I>&#160;&#160;Upon
    receipt of evidence reasonably satisfactory to the Company of
    the loss, theft, destruction or mutilation of this Warrant and
    (in the case of loss, theft or destruction) upon delivery of an
    indemnity agreement (with surety if reasonably required) in an
    amount reasonably satisfactory to the Company, or (in the case
    of mutilation) upon surrender and cancellation of this Warrant,
    the Company will issue, in lieu thereof, a new Warrant of like
    tenor.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    13.&#160;<I><U>Notices.</U></I>&#160;&#160;All notices,
    requests, waivers and other communications made pursuant to this
    Warrant will be in writing, to the appropriate address on the
    signature page hereto, and such notice will be conclusively
    deemed to have been duly given (i)&#160;when hand delivered to
    the recipient party; (ii)&#160;upon receipt, when sent by
    facsimile with written confirmation of transmission; or
    (iii)&#160;the next business day after deposit with a national
    overnight delivery service, postage prepaid, with next business
    day delivery guaranteed. Each Person making a communication
    hereunder by facsimile will promptly confirm by telephone to the
    Person to whom such communication was addressed each
    communication made by it by facsimile pursuant hereto. In
    addition to delivery of notice to a party, copies of such notice
    shall be provided as follows:
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    If to the Registered Holder, a copy to:
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    [Name]
</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    [Address]
</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Attention:&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;
</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Facsimile:&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;
</DIV>

<P align="center" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <BR>
    C-5
</DIV><!-- END PAGE WIDTH -->
<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>

<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    If to the Company, a copy to:
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Latham&#160;&#038; Watkins
</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    41st Floor, One Exchange Square
</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    8 Connaught Place, Central
</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Hong Kong
</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Attention: David T. Zhang,&#160;Esq.
</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Facsimile: +852.2522.7006
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    14.&#160;<I><U>No Rights as
    Shareholder.</U></I>&#160;&#160;Until the exercise of this
    Warrant, the Registered Holder of this Warrant shall not have or
    exercise any rights by virtue hereof as a shareholder of the
    Company.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    15.&#160;<I><U>No Fractional Shares.</U></I>&#160;&#160;No
    fractional Ordinary Shares will be issued in connection with any
    exercise hereunder. In lieu of any fractional shares which would
    otherwise be issuable, the Company shall pay cash equal to the
    product of such fraction multiplied by the fair market value of
    one Ordinary Share on the date of exercise, as determined
    pursuant to the Net Issue Exercise provision contained herein.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    16.&#160;<I><U>Amendment or Waiver.</U></I>&#160;&#160;Any term
    of this Warrant may be amended or waived only by an instrument
    in writing signed by the Company and the Registered Holder.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    17.&#160;<I><U>Headings.</U></I>&#160;&#160;The headings in this
    Warrant are for purposes of reference only and shall not limit
    or otherwise affect the meaning of any provision of this Warrant.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    18.&#160;<I><U>Governing Law.</U></I>&#160;&#160;This Warrant
    shall be governed by, and construed in accordance with, the laws
    of the State of New York regardless of the laws that might
    otherwise govern under applicable principles of conflicts of
    laws thereof.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    19.&#160;<I><U>Dispute Resolution.</U></I>&#160;&#160;All
    disputes between the parties arising out of or relating to this
    Warrant will be resolved by mandatory, binding arbitration in
    accordance with this Section&#160;19.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (a)&#160;Before any arbitration is commenced pursuant to this
    Section&#160;19, the parties must endeavor to reach an amicable
    settlement of the dispute through friendly negotiations.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (b)&#160;If no mutually acceptable settlement of the dispute is
    made within the sixty (60)&#160;days from the commencement of
    the settlement negotiation or if any party refuses to engage in
    any settlement negotiation, any party may submit the dispute for
    arbitration.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (c)&#160;Any arbitration commenced pursuant to this
    Section&#160;19 will be conducted in Hong Kong under the
    Arbitration Rules of the United Nations Commission on
    International Trade Law by arbitrators appointed in accordance
    with such rules. The arbitration and appointing authority will
    be the Hong Kong International Arbitration Centre
    <B>(&#147;HKIAC&#148;)</B>. The arbitration will be conducted by
    a panel of three arbitrators, one chosen by the Ideation
    Representatives, one chosen by the SM Shareholders&#146;
    Representatives and the third chosen by agreement of the two
    selected arbitrators; failing agreement within thirty
    (30)&#160;days prior to commencement of the arbitration
    proceeding, the HKIAC will appoint the third arbitrator. The
    proceedings will be confidential and conducted in English. The
    arbitral tribunal will have the authority to grant any equitable
    and legal remedies that would be available in any judicial
    proceeding instituted to resolve a disputed matter, including
    the award of attorneys&#146; fees against a non-prevailing
    party, and its award will be final and binding on the parties.
    The arbitral tribunal will determine how the parties will bear
    the costs of the arbitration. Notwithstanding the foregoing,
    each party will have the right at any time to immediately seek
    injunctive relief, an award of specific performance or any other
    equitable relief against the other party in any court or other
    tribunal of competent jurisdiction. During the pendency of any
    arbitration or other proceeding relating to a dispute between
    the parties, the parties will continue to exercise their
    remaining respective rights and fulfill their remaining
    respective obligations under this Agreement, except with regard
    to the matters under
    dispute.<SUP style="font-size: 85%; vertical-align: top">2</SUP>

</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    20.&#160;<I><U>Successors and Assigns.</U></I>&#160;&#160;This
    Warrant shall bind and inure to the benefit of the Company and
    its successors and assigns, and the Registered Holder and its
    successors and assigns.
</DIV>
<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV><DIV style="font-size: 1pt; margin-left: 0%; width: 13%; align: left; border-bottom: 1pt solid #000000"></DIV><DIV style="margin-top: 3pt; font-size: 1pt">&nbsp;</DIV>
<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <SUP style="font-size: 85%; vertical-align: top">2</SUP>&#160;Note&#160;&#151;

    To be substituted for New York or JAMS arbitration for US
    parties.
</DIV>

<P align="center" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <BR>
    C-6
</DIV><!-- END PAGE WIDTH -->
<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>

<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    21.&#160;<I><U>Taxes on Conversion.</U></I>&#160;&#160;The
    issuance of certificates for Ordinary Shares upon the exercise
    of this Warrant shall be made without charge to the Registered
    Holder exercising this Warrant for any issue or stamp tax in
    respect of the issuance of such certificates, and such
    certificates shall be issued in the respective names of, or in
    such names as may be directed by, the Registered Holder;
    <U>provided</U><I>, </I><U>however</U>, that the Company shall
    not be required to pay any tax that may be payable in respect of
    any transfer involved in the issuance and delivery of any such
    certificate in a name other than that of the Registered Holder,
    and the Company shall not be required to issue or deliver such
    certificates unless or until the person or persons requesting
    the issuance thereof shall have paid to the Company the amount
    of such tax or shall have established to the reasonable
    satisfaction of the Company that such tax has been paid.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    22.&#160;<I><U>No Impairment.</U></I>&#160;&#160;The Company
    will not, by amendment of its charter or through reorganization,
    consolidation, merger, dissolution, sale of assets or any other
    voluntary action, avoid or seek to avoid the observance or
    performance of any of the terms of this Warrant, but will at all
    times in good faith assist in the carrying out of all such terms
    and in the taking of all such action as may be necessary or
    appropriate in order to protect the rights of the holder of this
    Warrant against impairment.
</DIV>

<P align="center" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <BR>
    C-7
</DIV><!-- END PAGE WIDTH -->
<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>

<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->

<DIV align="left"><FONT size="1">

</FONT></DIV>

<DIV align="left" style="margin-left: 49%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <B> Searchmedia Holdings Limited</B>
</DIV>

<DIV align="left"><FONT size="1">

</FONT></DIV>

<DIV style="margin-top: 48pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="49%"></TD>
    <TD width="4%"></TD>
    <TD width="47%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    By:&#160;
</TD>
    <TD valign="bottom" align="left">
    <DIV style="font-size: 2pt; margin-left: 0%; width: 100%;  align: left; border-bottom: 1pt solid #000000"></DIV><!-- callerid=115 iwidth=211 length=216 -->
</TD>
</TR>

</TABLE>

<DIV align="left" style="margin-left: 49%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Name:
</DIV>

<DIV align="left" style="margin-left: 49%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Title:
</DIV>

<DIV align="left" style="margin-left: 49%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Address:
</DIV>

<DIV align="left"><FONT size="1">

</FONT></DIV>

<DIV align="left"><FONT size="1">

</FONT></DIV>

<P align="center" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <BR>
    C-8
</DIV><!-- END PAGE WIDTH -->
<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>

<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->

<DIV align="center" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><U><FONT style="font-family: 'Times New Roman', Times">EXHIBIT&#160;A</FONT></U></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><U><FONT style="font-family: 'Times New Roman', Times">Notice
    of Exercise </FONT></U></B>
</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    To: Searchmedia Holdings
    Limited&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;
    Dated:
</DIV>

<DIV align="left"><FONT size="1">

</FONT></DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    The undersigned, pursuant to the provisions set forth in the
    attached Warrant No. &#171;WarrantNo&#187;, hereby irrevocably
    elects to
    (a)&#160;purchase&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;ordinary
    shares of the Company, par value US$0.0001 per share
    (&#147;Ordinary Shares&#148;), as covered by such Warrant and
    herewith makes payment of $&#160;&#160;&#160;&#160;&#160;,
    representing the full purchase price for such Ordinary Shares at
    the price per share provided for in such Warrant, or
    (b)&#160;exercise such Warrant
    for&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;Ordinary
    Shares purchasable under the Warrant pursuant to the Net Issue
    Exercise provisions of Section&#160;5(a) of such Warrant.
</DIV>

<DIV align="left"><FONT size="1">

</FONT></DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="49%"></TD>
    <TD width="10%"></TD>
    <TD width="41%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    Signature:&#160;
</TD>
    <TD valign="bottom" align="left">
    <DIV style="font-size: 2pt; margin-left: 0%; width: 97%;  align: left; border-bottom: 1pt solid #000000"></DIV><!-- callerid=115 iwidth=184 length=180 -->
</TD>
</TR>

</TABLE>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="49%"></TD>
    <TD width="13%"></TD>
    <TD width="38%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    Name (print):&#160;
</TD>
    <TD valign="bottom" align="left">
    <DIV style="font-size: 2pt; margin-left: 0%; width: 98%;  align: left; border-bottom: 1pt solid #000000"></DIV><!-- callerid=115 iwidth=170 length=168 -->
</TD>
</TR>

</TABLE>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="49%"></TD>
    <TD width="16%"></TD>
    <TD width="35%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    Title (if applic.):&#160;
</TD>
    <TD valign="bottom" align="left">
    <DIV style="font-size: 2pt; margin-left: 0%; width: 98%;  align: left; border-bottom: 1pt solid #000000"></DIV><!-- callerid=115 iwidth=158 length=156 -->
</TD>
</TR>

</TABLE>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="49%"></TD>
    <TD width="20%"></TD>
    <TD width="31%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    Company (if applic.):&#160;
</TD>
    <TD valign="bottom" align="left">
    <DIV style="font-size: 2pt; margin-left: 0%; width: 95%;  align: left; border-bottom: 1pt solid #000000"></DIV><!-- callerid=115 iwidth=138 length=132 -->
</TD>
</TR>

</TABLE>

<DIV style="margin-top: 18pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><U><FONT style="font-family: 'Times New Roman', Times">EXHIBIT&#160;B</FONT></U></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><U><FONT style="font-family: 'Times New Roman', Times">ASSIGNMENT
    FORM</FONT></U></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    FOR VALUE RECEIVED,
    <U>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</U>
    hereby sells, assigns and transfers all of the rights of the
    undersigned under the attached Warrant with respect to the
    number
    of&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;
    as the Ordinary Shares covered thereby set forth below, unto:
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

<TR>
    <TD width="33%"></TD>
    <TD width="33%"></TD>
    <TD width="33%"></TD>
</TR>

<TR valign="top">
    <TD nowrap align="left">    <B><FONT style="font-family: 'Times New Roman', Times">Name of
    Assignee</FONT></B></TD>
    <TD nowrap align="center">    <B><FONT style="font-family: 'Times New Roman', Times">
    Address/Facsimile Number</FONT></B></TD>
    <TD nowrap align="right">    <B><FONT style="font-family: 'Times New Roman', Times"> No. of
    Shares&#160;&#160;&#160;&#160;&#160;</FONT></B></TD>
</TR>

</TABLE>

<DIV style="margin-top: 24pt; font-size: 1pt">&nbsp;</DIV>

<TABLE border="0" width="100%" align="center" cellpadding="0" cellspacing="0" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
<!-- Table Width Row BEGIN -->
<TR style="font-size: 1pt" valign="bottom">
    <TD width="12%">&nbsp;</TD>	<!-- colindex=01 type=maindata -->
    <TD width="72%">&nbsp;</TD>	<!-- colindex=02 type=gutter -->
    <TD width="16%">&nbsp;</TD>	<!-- colindex=02 type=maindata -->
</TR>
<!-- Table Width Row END -->
<TR valign="bottom">
<TD nowrap align="left" valign="bottom">
<DIV style="text-indent: -29pt; margin-left: 29pt">
    Dated:&#160;<FONT style="word-spacing: 100pt; white-space: nowrap; font-size: 1pt; color: #000000"><U>&#173;
    &#173;</U></FONT><!-- callerid=2083 iwidth=29 length=120 -->
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
    Signature:&#160;<FONT style="word-spacing: 100pt; white-space: nowrap; font-size: 1pt; color: #000000"><U>&#173;
    &#173;</U></FONT><!-- callerid=2083 iwidth=45 length=146 -->
</TD>
</TR>
<TR valign="bottom" style="line-height: 16pt">
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="left" valign="bottom">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="left" valign="bottom">
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    <BR>
    C-9
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<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="right" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">Annex
    D</FONT></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">ARTICLES&#160;OF
    INCORPORATION<BR>
    OF<BR>
    ID ARIZONA CORP.,<BR>
    an Arizona corporation</FONT></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <I>FIRST:</I>&#160;&#160;The name of the Corporation is ID
    Arizona Corp.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <I>SECOND:</I>&#160;&#160;The name and street address of the
    statutory agent of the Corporation in the State of Arizona is
    CorpDirect Agents, Inc. 2338&#160;W.&#160;Royal Palm Road,
    Suite&#160;J, Phoenix, AZ 85021. The street address of the known
    place of business of the Corporation in Arizona is CorpDirect
    Agents, Inc. 2338&#160;W.&#160;Royal Palm Road, Suite&#160;J,
    Phoenix, AZ 85021.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <I>THIRD:</I>&#160;&#160;The Corporation initially intends to
    act as a holding company.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <I>FOURTH:</I>&#160;&#160;The Corporation&#146;s existence shall
    terminate on November&#160;19, 2009 (the &#147;Termination
    Date&#148;). In the event that the Corporation submits an
    Initial Business Combination (as defined in Article&#160;Sixth
    below) to its stockholders for a vote pursuant to
    Article&#160;Sixth, paragraph&#160;C, it shall submit this
    provision to its stockholders concurrently for amendment to
    permit the Corporation&#146;s continued existence. This
    provision shall not be amended other than pursuant to the
    preceding sentence.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <I>FIFTH:</I>&#160;&#160;The Corporation is authorized to issue
    a total of 51,000,000&#160;shares, consisting of two classes of
    stock, designated &#147;Common Stock&#148; and &#147;Preferred
    Stock.&#148; The total number of shares of Common Stock the
    Corporation is authorized to issue is 50,000,000, with a par
    value of $0.0001 per share. The total number of shares of
    Preferred Stock the Corporation is authorized to issue is
    1,000,000, with a par value of $0.0001 per share.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    A.<I>&#160;<U>Preferred Stock</U>.</I>&#160;&#160; The Board of
    Directors may from time to time issue shares of Preferred Stock
    in one or more series and without stockholder approval. The
    Board of Directors may fix for each series it is authorized to
    issue such voting rights, full or limited, and such
    designations, powers, preferences and relative participating,
    optional or other special rights and any qualifications,
    limitations or restrictions thereof prior to the issuance of any
    shares of such series as shall be stated and expressed in the
    resolution or resolutions adopted by the Board of Directors
    providing for the issue of such series (a &#147;Preferred Stock
    Designation&#148;) and as may be permitted by Title&#160;10 of
    the Arizona Revised Statutes, as amended (the &#147;Arizona
    Business Corporation Act&#148; or the &#147;ABCA&#148;). The
    number of authorized shares of Preferred Stock may be increased
    or decreased (but not below the number of shares thereof then
    outstanding) by the affirmative vote of the holders of a
    majority of the voting power of all of the then outstanding
    shares of the capital stock of the Corporation entitled to vote
    generally in the election of directors, voting together as a
    single class, without a separate vote of the holders of the
    Preferred Stock, or any series thereof, unless a vote of any
    such holders is required to take such action pursuant to any
    Preferred Stock Designation.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    B.<I>&#160;<U>Common Stock</U>.</I>&#160;&#160; Except as
    otherwise required by law or as otherwise provided in any
    Preferred Stock Designation, the holders of Common Stock shall
    possess exclusively all voting power, and each share of Common
    Stock shall have one vote.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <I>SIXTH:</I>&#160;&#160;Paragraphs&#160;A through G below shall
    apply during the period commencing upon the filing of these
    Articles of Incorporation and terminating upon consummation of
    any Initial Business Combination (the &#147;Restricted
    Period&#148;) and may not be amended during the Restricted
    Period without the affirmative vote of the holders of 95% of the
    Corporation&#146;s outstanding shares of Common Stock.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    An &#147;Initial Business Combination&#148; shall mean the
    acquisition by the Corporation, through a merger, capital stock
    exchange, asset acquisition, stock purchase, reorganization or
    other similar business combination or transaction or
    transactions, of one or more businesses or assets (the
    &#147;Target Business&#148; or &#147;Target Businesses&#148;)
    having, individually or collectively, a fair market value equal
    to at least 80% of the Corporation&#146;s net assets (excluding
    deferred underwriting discounts and commissions) at the time of
    such acquisition. Any acquisition of multiple Target Businesses
    shall occur simultaneously.
</DIV>

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    <BR>
    D-1
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    <I>&#147;Fair market value&#148;</I> for purposes of this
    Article&#160;Sixth shall be determined by the Board of Directors
    of the Corporation based upon financial standards generally
    accepted by the financial community, such as actual and
    potential gross margins, the values of comparable businesses,
    earnings and cash flow, and book value. If the
    Corporation&#146;s Board of Directors is not able to determine
    independently that the Target Business or Businesses has a
    sufficient fair market value to meet the threshold criterion,
    the Corporation shall obtain an opinion with regard to such fair
    market value from an unaffiliated, independent investment
    banking firm that is a member of the Financial Industry
    Regulatory Authority (an &#147;Independent Financial
    Advisor&#148;). The Corporation is not required to obtain an
    opinion from an Independent Financial Advisor as to the fair
    market value of the Target Business or Businesses if its Board
    of Directors independently determines that the Target Business
    or Businesses have sufficient fair market value to meet the
    threshold criterion.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    The &#147;Trust&#160;Account&#148; shall mean the trust account
    established by Ideation Acquisition Corp. (the
    &#147;Parent&#148;) in connection with the consummation of the
    Parent&#146;s initial public offering (the &#147;IPO&#148;) and
    into which the Parent has deposited a designated portion of the
    net proceeds from the IPO, including any amount that is or will
    be due and payable as deferred underwriting discounts and
    commissions (the &#147;Deferred Underwriting Compensation&#148;)
    pursuant to the terms and conditions of the underwriting
    agreement (the &#147;Underwriting Agreement&#148;) entered into
    with the underwriters of the IPO, as well as a portion of the
    proceeds of the Corporation&#146;s issuance of securities in a
    private placement that took place simultaneously with the
    consummation of the IPO.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <I>&#147;IPO Shares&#148;</I> shall mean the shares of Common
    Stock of the Corporation equivalent to the shares of Common
    Stock of the Parent issued in connection with the IPO.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    A.&#160;Upon consummation of the IPO, the Parent delivered, for
    deposit into the Trust&#160;Account at least $78,815,000 (or
    $90,395,000 if the underwriters&#146; over-allotment option is
    exercised in full), comprising (i)&#160;$76,415,000 of the net
    proceeds of the IPO, including $2.73&#160;million in Deferred
    Underwriting Compensation (or $87,995,000 of the net proceeds,
    including $3.15&#160;million in Deferred Underwriting
    Compensation, if the over-allotment option is exercised in full)
    and (ii)&#160;$2.4&#160;million of the proceeds from the
    Parent&#146;s issuance and sale in a private placement of
    2,400,000 warrants (the &#147;Insider Warrants&#148;) that took
    place simultaneously with the consummation of the IPO.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    B.&#160;The Corporation shall not, and no employee of the
    Corporation shall, disburse or cause to be disbursed any of the
    proceeds held in the Trust Account except (i)&#160;for the
    payment of the Corporation&#146;s income or other tax
    obligations, (ii)&#160;for the release of interest income of up
    to $1.7&#160;million to the Corporation to fund the
    Corporation&#146;s working capital requirements, (iii)&#160;in
    connection with an Initial Business Combination or thereafter,
    including, without limitation, the payment of any Deferred
    Underwriting Compensation in accordance with the terms of the
    Underwriting Agreement, (iv)&#160;upon the Corporation&#146;s
    liquidation or (v)&#160;as otherwise set forth herein.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    C.&#160;Prior to the consummation of any Initial Business
    Combination, the Corporation shall submit the Initial Business
    Combination to its stockholders for approval regardless of
    whether the Initial Business Combination is of a type that
    normally would require such stockholder approval under the ABCA.
    In addition to any other vote of stockholders of the Corporation
    required under applicable law or listing agreement, the
    Corporation may consummate the Initial Business Combination only
    if approved by a majority of the IPO Shares voted at a duly held
    stockholders meeting in person or by proxy, and stockholders
    owning less than 30% of the IPO Shares vote against the business
    combination and exercise their conversion rights described in
    paragraph&#160;D below. The Corporation will not enter into an
    Initial Business Combination with any entity that is affiliated
    with any of the Corporation&#146;s stockholders immediately
    prior to the IPO unless the Corporation obtains an opinion from
    an Independent Financial Advisor that the Initial Business
    Combination is fair to the Corporation&#146;s stockholders from
    a financial perspective.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    D.&#160;At the time the Corporation seeks approval of the
    Initial Business Combination in accordance with paragraph&#160;C
    above, each holder of IPO Shares (each a &#147;Public
    Stockholder&#148;) may, at its option, convert its IPO Shares
    into cash at a per share conversion price (the &#147;Conversion
    Price&#148;), calculated as of two business days prior to the
    proposed consummation of the Initial Business Combination, equal
    to
</DIV>

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    <BR>
    D-2
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<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (A)&#160;the amount in the Trust&#160;Account, inclusive of
    (x)&#160;the proceeds from the IPO held in the
    Trust&#160;Account and the proceeds from the sale of the Insider
    Warrants, (y)&#160;the amount held in the Trust&#160;Account
    representing the Deferred Underwriting Compensation and
    (z)&#160;any interest income earned on the funds held in the
    Trust&#160;Account, net of taxes payable, that is not released
    to the Corporation to cover its operating expenses in accordance
    with paragraph&#160;B above, divided by (B)&#160;the number of
    IPO Shares outstanding on the date of calculation (including
    shares sold pursuant to the exercise of the over-allotment
    option, if any). If a majority of the shares voted by the Public
    Stockholders are voted to approve the Initial Business
    Combination, and if Public Stockholders owning less than 30% of
    the total IPO Shares vote against such approval of the proposed
    Initial Business Combination and elect to convert their shares,
    the Corporation will proceed with such Initial Business
    Combination. If the Corporation so proceeds, subject to the
    availability of lawful funds therefor, it will convert IPO
    Shares held by those Public Stockholders who have affirmatively
    elected to convert their IPO Shares and who voted against the
    Initial Business Combination into cash at the Conversion Price.
    Only Public Stockholders shall be entitled to receive
    distributions from the Trust&#160;Account in connection with the
    approval of an Initial Business Combination, and the Corporation
    shall pay no distributions with respect to any other holders or
    shares of capital stock of the Corporation. If Public
    Stockholders holding 30% or more of the IPO Shares vote against
    approval of the proposed Initial Business Combination and elect
    to convert their IPO Shares, the Corporation will not proceed
    with such Initial Business Combination and will not convert any
    IPO Shares.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    E.&#160;In the event that the Corporation does not consummate an
    Initial Business Combination by the Termination Date, all
    amounts in the Trust&#160;Account plus any other net assets of
    the Corporation not used for or reserved to pay obligations and
    claims or such other corporate expenses relating to or arising
    from the Corporation&#146;s plan of dissolution and
    distribution, including costs of dissolving and liquidating the
    Corporation, shall be distributed on a pro rata basis to holders
    of the IPO Shares. The Corporation shall pay no liquidating
    distributions with respect to any shares of capital stock of the
    Corporation other than IPO Shares.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    F.&#160;A holder of IPO Shares shall be entitled to receive
    distributions from the Trust&#160;Account only in the event that
    the Corporation does not consummate an Initial Business
    Combination by the Termination Date or in the event such holder
    demands conversion of its shares in accordance with
    paragraph&#160;D above. Except as may be required under
    applicable law, in no other circumstances shall any holder of
    shares of Common Stock have any right or interest of any kind in
    or to the Trust&#160;Account or any amount or other property
    held therein.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    G.&#160;Unless and until the Corporation has consummated an
    Initial Business Combination as permitted under this
    Article&#160;Sixth, the Corporation may not consummate any other
    business combination, whether by merger, capital stock exchange,
    asset acquisition, stock purchase, reorganization or other
    similar business combination or transaction or otherwise.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <I>SEVENTH:</I>&#160;&#160;The following provisions are inserted
    for the management of the business and for the conduct of the
    affairs of the Corporation, and for further definition,
    limitation and regulation of the powers of the Corporation and
    of its directors and stockholders:
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    A.&#160;The number of directors of the Corporation shall be such
    as from time to time shall be fixed and determined by resolution
    of the Board of Directors. Election of directors need not be by
    ballot unless the Corporation&#146;s bylaws so provide.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    B.&#160;In furtherance and not in limitation of the powers
    conferred by statute, the Board of Directors is expressly
    authorized to adopt, alter, amend or repeal the bylaws of the
    Corporation. The affirmative vote of at least a majority of the
    Board of Directors then in office shall be required in order for
    the Board of Directors to adopt, amend, alter or repeal the
    Corporation&#146;s bylaws. The Corporation&#146;s bylaws may
    also be adopted, amended, altered or repealed by the
    stockholders of the Corporation. No bylaw hereafter legally
    adopted, amended, altered or repealed shall invalidate any prior
    act of the directors or officers of the Corporation that would
    have been valid if such bylaw had not been adopted, amended,
    altered or repealed.
</DIV>

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    <BR>
    D-3
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<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    C.&#160;The Board of Directors in its discretion may submit any
    contract or act for approval or ratification at any annual
    meeting of stockholders or at any special meeting of
    stockholders called for the purpose of considering any such act
    or contract, and any contract or act that shall be approved or
    be ratified by the vote of the holders of a majority of the
    stock of the Corporation which is represented in person or by
    proxy at such meeting and entitled to vote thereat (provided
    that a lawful quorum of stockholders be there represented in
    person or by proxy) shall be valid and binding upon the
    Corporation and upon all the stockholders as though it had been
    approved or ratified by every stockholder of the Corporation,
    whether or not the contract or act would otherwise be open to
    legal attack because of directors&#146; interests, or for any
    other reason.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    D.&#160;In addition to the powers and authorities granted hereby
    or by statute expressly conferred upon them, the directors are
    hereby empowered to exercise all such powers and do all such
    acts and things as may be exercised or done by the Corporation;
    subject, nevertheless, to the provisions of the statutes of
    Arizona, these Articles of Incorporation and the
    Corporation&#146;s bylaws.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    E.&#160;The Board of Directors shall be divided into three
    classes, designated Class&#160;A, Class&#160;B and Class&#160;C,
    as nearly equal in number as possible. The Board of Directors
    shall have the authority to assign the members of the Board of
    Directors to such classes at the time such classification
    becomes effective. The directors in Class&#160;A shall be
    elected for a term expiring at the first annual meeting of
    stockholders, the directors in Class&#160;B shall be elected for
    a term expiring at the second annual meeting of stockholders and
    the directors in Class&#160;C shall be elected for a term
    expiring at the third annual meeting of stockholders. Commencing
    at the first annual meeting of stockholders, and at each annual
    meeting of stockholders thereafter, directors elected to succeed
    those directors whose terms expire in connection with such
    annual meeting of stockholders shall be elected for a term of
    office to expire at the third succeeding annual meeting of
    stockholders after their election. Except as the ABCA may
    otherwise require, in the interim between annual meetings of
    stockholders or special meetings of stockholders called for the
    election of directors or the removal of one or more directors
    and the filling of any vacancy in connection therewith, newly
    created directorships and any vacancies in the Board of
    Directors, including unfilled vacancies resulting from the
    removal of directors for cause, may be filled by the vote of a
    majority of the remaining directors then in office, although
    less than a quorum (as defined in the Corporation&#146;s
    bylaws), or by the sole remaining director. All directors shall
    hold office until the expiration of their respective terms of
    office and until their successors shall have been elected and
    qualified. A director elected to fill a vacancy resulting from
    the death, resignation or removal of a director shall serve for
    the remainder of the full term of the director whose death,
    resignation or removal shall have created such vacancy and until
    his successor shall have been elected and qualified.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <I>EIGHTH:</I>&#160;&#160;The following paragraphs shall apply
    with respect to liability and indemnification of officers and
    directors:
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    A.&#160;A director of the Corporation shall not be personally
    liable to the Corporation or its stockholders for monetary
    damages for breach of fiduciary duty as a director, except for
    liability (i)&#160;for any breach of the director&#146;s duty of
    loyalty to the Corporation or its stockholders, (ii)&#160;for
    acts or omissions not in good faith or which involve intentional
    misconduct or a knowing violation of law, (iii)&#160;under
    <FONT style="white-space: nowrap">Section&#160;10-202(B)(1)</FONT>
    of the ABCA or (iv)&#160;for any transaction from which the
    director derived an improper personal benefit. If the ABCA is
    amended to authorize corporate action further eliminating or
    limiting the personal liability of directors, then the liability
    of a director of the Corporation shall be eliminated or limited
    to the fullest extent permitted by the ABCA, as so amended. Any
    repeal or modification of this paragraph&#160;A by the
    stockholders of the Corporation shall not adversely affect any
    right or protection of a director of the Corporation with
    respect to events occurring prior to the time of such repeal or
    modification.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    B.&#160;The Corporation, to the full extent permitted by
    <FONT style="white-space: nowrap">Section&#160;10-851</FONT>
    of the ABCA, as amended from time to time, shall indemnify all
    persons whom it may indemnify pursuant thereto. Expenses
    (including attorneys&#146; fees) incurred by an officer or
    director in defending any civil, criminal, administrative, or
    investigative action, suit or proceeding for which such officer
    or director may be entitled to
</DIV>

<P align="center" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <BR>
    D-4
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<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    indemnification hereunder shall be paid by the Corporation in
    advance of the final disposition of such action, suit or
    proceeding upon receipt of an undertaking by or on behalf of
    such director or officer to repay such amount if it shall
    ultimately be determined that he is not entitled to be
    indemnified by the Corporation as authorized hereby.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <I>NINTH:</I>&#160;&#160;Whenever a compromise or arrangement is
    proposed between this Corporation and its creditors or any class
    of them
    <FONT style="white-space: nowrap">and/or</FONT>
    between this Corporation and its stockholders or any class of
    them, any court of equitable jurisdiction within the State of
    Arizona may, on the application in a summary way of this
    Corporation or of any creditor or stockholder thereof or on the
    application of any receiver or receivers appointed for this
    Corporation under
    <FONT style="white-space: nowrap">Section&#160;10-1432</FONT>
    of the ABCA or on the application of trustees in dissolution or
    of any receiver or receivers appointed for this Corporation
    under
    <FONT style="white-space: nowrap">Section&#160;10-1432</FONT>
    of the ABCA order a meeting of the creditors or class of
    creditors,
    <FONT style="white-space: nowrap">and/or</FONT> of
    the stockholders or class of stockholders of this Corporation,
    as the case may be, to be summoned in such manner as the said
    court directs. If a majority in number representing three
    fourths in value of the creditors or class of creditors,
    <FONT style="white-space: nowrap">and/or</FONT> of
    the stockholders or class of stockholders of this Corporation,
    as the case may be, agree to any compromise or arrangement and
    to any reorganization of this Corporation as a consequence of
    such compromise or arrangement, the said compromise or
    arrangement and the said reorganization shall, if sanctioned by
    the court to which the said application has been made, be
    binding on all the creditors or class of creditors,
    <FONT style="white-space: nowrap">and/or</FONT> on
    all the stockholders or class of stockholders, of this
    Corporation, as the case may be, and also on this Corporation.
    This Article&#160;Ninth is subject to the requirements set forth
    in Article&#160;Sixth, and any conflict arising in respect of
    the terms set forth hereunder and thereunder shall be resolved
    by reference to the terms set forth in Article&#160;Sixth.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <I>TENTH:</I>&#160;&#160;Subject to the provisions set forth in
    Article&#160;Sixth, the Corporation reserves the right to amend,
    alter, change or repeal any provision contained in these
    Articles of Incorporation in the manner now or hereafter
    prescribed by law, and all rights and powers conferred herein on
    stockholders, directors and officers are subject to this
    reserved power.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <I>ELEVENTH:</I>&#160;&#160;The name and address of the initial
    director of the Corporation is Robert N. Fried, whose address is
    1105&#160;N.&#160;Market Street, Suite&#160;1300, Wilmington, DE
    19801.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <I>TWELFTH:</I>&#160;&#160;The name and address of the
    incorporator of the Corporation is Robert N. Fried, whose
    address is 1105&#160;N.&#160;Market Street, Suite&#160;1300,
    Wilmington, DE 19801. All liability of the incorporator, as
    incorporator, shall cease with the filing of these Articles of
    Incorporation with the Arizona Corporation Commission.
</DIV>

<DIV style="margin-top: 18pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <FONT style="font-family: 'Times New Roman', Times">[Remainder
    of page intentionally left blank]
    </FONT>
</DIV>

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    <BR>
    D-5
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<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    IN WITNESS WHEREOF, the Corporation has caused these Articles of
    Incorporation to be signed as of this 25th&#160;day of March,
    2009.
</DIV>

<DIV style="margin-top: 24pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="49%"></TD>
    <TD width="4%"></TD>
    <TD width="47%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    By:&#160;
</TD>
    <TD align="left">
    <DIV style="display:inline; text-align:left;">/s/&#160;&#160;Robert
    N. Fried</DIV>
</TD>
</TR>

</TABLE>

<DIV style="font-size: 2pt; margin-left: 53%; width: 100%;  align: left; border-bottom: 1pt solid #000000"></DIV><!-- callerid=999 iwidth=456 length=0 -->

<DIV align="left" style="margin-left: 53%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Name:&#160;&#160;&#160;&#160;&#160;Robert N. Fried
</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="53%"></TD>
    <TD width="8%"></TD>
    <TD width="39%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    Title:&#160;
</TD>
    <TD align="left">
    Incorporator
</TD>
</TR>

</TABLE>

<P align="center" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <BR>
    D-6
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<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->

<DIV align="right" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">Annex
    E</FONT></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">BYLAWS</FONT></B>
</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <B>OF</B>
</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <B>ID ARIZONA CORP.</B>
</DIV>

<DIV style="margin-top: 18pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <FONT style="font-family: 'Times New Roman', Times">(adopted as
    of March&#160;30, 2009)
    </FONT>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <FONT style="font-family: 'Times New Roman', Times">ARTICLE&#160;I
    </FONT>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    OFFICES
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    1.1.&#160;&#160;<I><U>Known Place of
    Business</U>.</I>&#160;&#160; The known place of business of ID
    Arizona Corp. (the &#147;<B>Corporation</B>&#148;) in the State
    of Arizona shall be the office of the Corporation&#146;s
    statutory agent, CorpDirect Agents, Inc. 2338&#160;W.&#160;Royal
    Palm Road, Suite&#160;J, Phoenix, AZ 85021, and CorpDirect
    Agents, Inc. shall be the registered agent of the Corporation in
    charge thereof.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    1.2.&#160;&#160;<I><U>Other Offices</U>.</I>&#160;&#160; The
    Corporation may also have offices and places of business at such
    other places both within and without the State of Arizona as the
    Board of Directors may from time to time determine or the
    business of the Corporation may require.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    1.3.&#160;&#160;<I><U>Books and Records</U>.</I>&#160;&#160;The
    books of the Corporation may be kept within or without the State
    of Arizona as the Board of Directors may from time to time
    determine or the business of the Corporation may require.
</DIV>

<DIV style="margin-top: 18pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <FONT style="font-family: 'Times New Roman', Times">ARTICLE&#160;II
    </FONT>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    MEETINGS OF STOCKHOLDERS
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    2.1.&#160;&#160;<I><U>Place of
    Meetings</U>.</I>&#160;&#160;Except as otherwise provided in
    these bylaws, all meetings of stockholders shall be held at such
    dates, times and places, within or without the State of Arizona,
    as shall be determined by the Board of Directors.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    2.2.&#160;&#160;<I><U>Annual Meetings</U>.</I>&#160;&#160;The
    annual meeting of stockholders for the election of directors
    shall be held at such time on such day, other than a legal
    holiday, as the Board of Directors in each such year determines.
    At the annual meeting, the stockholders entitled to vote for the
    election of directors shall elect directors, by a plurality
    vote, and transact such other business as may properly come
    before the meeting.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    2.3.&#160;&#160;<I><U>Special
    Meetings</U>.</I>&#160;&#160;Special meetings of stockholders,
    for any purpose or purposes, may be called by a majority of the
    Board of Directors, the Chairman of the Board, or the Chief
    Executive Officer and shall be called by the President or the
    Secretary upon the written request of the holders of a majority
    of the outstanding shares of the Corporation&#146;s Common
    Stock. Any such request shall state the date, time, place and
    the purpose or purposes of the meeting. At such meetings the
    only business which may be transacted is that relating to the
    purpose or purposes set forth in the notice or waivers of notice
    thereof.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    2.4.&#160;&#160;<I><U>Quorum</U>.</I>&#160;&#160;Except as
    otherwise provided by law or by the Articles of Incorporation of
    the Corporation, as it may be amended from time to time (the
    &#147;<B>Articles of Incorporation</B>&#148;), the holders of a
    majority of the issued and outstanding shares of stock of the
    Corporation entitled to vote, represented in person or by proxy,
    shall be necessary to and shall constitute a quorum for the
    transaction of business at any meeting of stockholders. If,
    however, such quorum shall not be present or represented at any
    meeting of stockholders, the stockholders entitled to vote
    thereat, present in person or represented by proxy, shall have
    power to adjourn the meeting from time to time, without notice
    other than announcement at the meeting, until a quorum shall be
    present or represented. At any such adjourned meeting at which a
    quorum shall be present or represented, any business may be
    transacted which might have been transacted at the meeting as
    originally noticed. Notwithstanding the foregoing, if after any
    such adjournment the Board of Directors shall fix a new record
    date for the adjourned meeting, or if the adjournment is for
    more than thirty (30)&#160;days, a notice of such adjourned
    meeting shall be given as provided in Section&#160;2.9 of these
    bylaws, but such notice may be waived as provided in
    Section&#160;6.1 hereof.
</DIV>

<P align="center" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <BR>
    E-1
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<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    2.5.&#160;&#160;<I><U>Voting</U>.</I>&#160;&#160;At each meeting
    of stockholders, each holder of record of shares of stock
    entitled to vote shall be entitled to vote in person or by
    proxy, and each such holder shall be entitled to one vote for
    every share standing in his name on the books of the Corporation
    as of the record date fixed by the Board of Directors or
    prescribed by law and, if a quorum is present, a majority of the
    shares of such stock present or represented at any meeting of
    stockholders shall be the vote of the stockholders with respect
    to any item of business, unless otherwise provided by any
    applicable provision of law, these bylaws or the Certificate of
    Incorporation.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    2.6.&#160;&#160;<I><U>Proxies</U>.</I>&#160;&#160;Every
    stockholder entitled to vote at a meeting or by consent without
    a meeting may authorize another person or persons to act for him
    by proxy. Each proxy shall be in writing executed by the
    stockholder giving the proxy or by his duly authorized attorney.
    No proxy shall be valid after the expiration of three
    (3)&#160;years from its date, unless a longer period is provided
    for in the proxy. Unless and until voted, every proxy shall be
    revocable at the pleasure of the person who executed it, or his
    legal representatives or assigns except in those cases where an
    irrevocable proxy permitted by statute has been given.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    2.7.&#160;&#160;<I><U>Voting List</U>.</I>&#160;&#160;The
    Secretary or agent having charge of the stock transfer books
    shall make, at least ten (10)&#160;days before each meeting of
    stockholders, a complete list of the stockholders entitled to
    vote at such meeting or any adjournment thereof, arranged in
    alphabetical order and showing the address of and the number and
    class and series, if any, of shares held by each. Such list, for
    a period of ten (10)&#160;days prior to such meeting, shall be
    kept at the principal place of business of the Corporation or at
    the office of the transfer agent or registrar of the Corporation
    and such other places as required by statute and shall be
    subject to inspection by any stockholder at any time during
    usual business hours. Such list shall also be produced and kept
    open at the time and place of the meeting and shall be subject
    to the inspection of any stockholder at any time during the
    meeting.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    2.8.&#160;&#160;<I><U>Intentionally Deleted</U>.</I>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    2.9.&#160;&#160;<I><U>Notice of
    Meetings</U>.</I>&#160;&#160;Except as otherwise required or
    permitted by law, whenever the stockholders are required or
    permitted to take any action at a meeting, written notice
    thereof shall be given, stating the place, date and time of the
    meeting and, unless it is the annual meeting, by or at whose
    direction it is being issued. Notice of a special meeting shall
    also state the purpose or purposes for which the meeting is
    called. A copy of the notice of any meeting shall be delivered
    personally or shall be mailed not less than ten (10)&#160;or
    more than sixty (60)&#160;days before the date of such meeting,
    to each stockholder of record entitled to vote at such meeting.
    If mailed, the notice shall be given when deposited in the
    United States mail, postage prepaid, and shall be directed to
    each stockholder at his address as it appears on the records of
    the Corporation. Nothing herein contained shall preclude any
    stockholder from waiving notice as provided in Section&#160;6.1
    hereof.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    2.10.&#160;&#160;<I><U>Notice of Business</U>.</I>&#160;&#160;At
    any annual meeting of the stockholders, only such business shall
    be conducted as shall have been brought before the meeting
    (a)&#160;by or at the direction of the Board of Directors or
    (b)&#160;by any stockholder of the Corporation who is a
    stockholder of record at the time of giving the notice provided
    for in this Section&#160;2.10 who shall be entitled to vote at
    such meeting and who complies with the procedures set forth
    below. For business to be properly brought before a stockholder
    annual meeting by a stockholder, the stockholder must have given
    timely notice thereof in writing to the Secretary of the
    Corporation. To be timely, a stockholder&#146;s notice must be
    delivered to or mailed and received at the principal executive
    offices of the Corporation not less than ninety (90)&#160;days
    nor more than one hundred twenty (120)&#160;prior to the
    anniversary date of the immediately preceding annual meeting;
    provided, however, that in the event that no annual meeting was
    held in the previous year or the annual meeting with respect to
    which such notice is to be tendered is not held within
    30&#160;days before or after such anniversary date, to be
    timely, notice by the stockholder must be received no later than
    the close of business on the 10th&#160;day following the day on
    which notice of the date of the meeting or public disclosure
    thereof was given or made.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Such stockholder&#146;s notice shall set forth as to each matter
    the stockholder proposes to bring before the meeting (a)&#160;a
    brief description of the business desired to be brought before
    the meeting and the reasons for conducting such business at the
    meeting, (b)&#160;the name and address, as they appear on the
    Corporation&#146;s books, of the stockholder proposing such
    business, (c)&#160;the class and the number of shares of stock
    of the Corporation
</DIV>

<P align="center" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <BR>
    E-2
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<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    which are beneficially owned by the stockholder and (d)&#160;a
    description of all arrangements or understandings between such
    stockholder and any other person or persons (including their
    names) in connection which such business and any material
    interest of the stockholder in such business. Notwithstanding
    anything in these bylaws to the contrary, no business shall be
    conducted at a stockholder meeting except in accordance with the
    procedures set forth in this Section&#160;2.10. If the Board of
    Directors of the meeting shall determine, based on the facts,
    that business was not properly brought before the meeting in
    accordance with the procedures set forth in this
    Section&#160;2.10, the Chairman shall so declare to the meeting
    and any such business not properly brought before the meeting
    shall not be transacted. Notwithstanding the foregoing
    provisions of this Section&#160;2.10, (i)&#160;a stockholder
    shall also comply with all applicable requirements of the
    Securities Exchange Act of 1934, as amended, and the rules and
    regulations thereunder with respect to the matters set forth in
    this Section&#160;2.10 and (ii)&#160;stockholder nominations of
    persons for election to the Board of Directors shall be governed
    by Section&#160;2.11.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    2.11.&#160;&#160;<I><U>Nomination of
    Directors</U>.</I>&#160;&#160;The provisions of this
    Section&#160;2.11 shall apply from and after the consummation of
    an IPO. Only persons who are nominated in accordance with the
    procedures set forth in this Section&#160;2.11 shall be eligible
    to serve as directors. Nominations of persons for election to
    the Board of Directors of the Corporation at an annual meeting
    of stockholders may be made (a)&#160;by or at the direction of
    the Board of Directors or (b)&#160;by any stockholder of the
    Corporation who is a stockholder of record at the time of giving
    the notice provided for in this Section&#160;2.11 who shall be
    entitled to vote for the election of directors at the meeting
    and who complies with the procedures set forth below. Any such
    nominations (other than those made by or at the direction of the
    Board of Directors) must be made pursuant to timely notice in
    writing to the Secretary of the Corporation. To be timely, a
    stockholder&#146;s notice must be delivered to or mailed and
    received at the principal executive offices of the Corporation
    not less than ninety (90)&#160;days nor more than one hundred
    twenty (120)&#160;days prior to the anniversary date of the
    immediately preceding annual meeting; provided, however, that in
    the event that no annual meeting was held in the previous year
    or the annual meeting with respect to which such notice is to be
    tendered is not held within thirty (30)&#160;days before or
    after such anniversary date, to be timely, notice by the
    stockholder must be received no later than the close of business
    on the 10th&#160;day following the day on which notice of the
    meeting or public disclosure thereof was given or made.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Such stockholder&#146;s notice shall set forth (a)&#160;as to
    each person whom the stockholder proposes to nominate for
    election or reelection as a director, all information relating
    to such person that is required to be disclosed in solicitations
    of proxies for election of directors, or is otherwise required,
    in each case pursuant to Regulation&#160;14A under the
    Securities Exchange Act of 1934, as amended (including such
    person&#146;s written consent to being named as a nominee and to
    serving as a director if elected); and (b)&#160;as to the
    stockholder giving the notice (i)&#160;the name and address, as
    they appear on the Corporation&#146;s books, of such
    stockholder, (ii)&#160;the class and number of shares of stock
    of the Corporation which are beneficially owned by such
    stockholder and (iii)&#160;a description of all arrangements or
    understandings between such stockholder and any other person or
    persons (including their names) in connection with such
    nomination and any material interest of such stockholder in such
    nomination. At the request of the Board of Directors, any person
    nominated by the Board of Directors for election as a director
    shall furnish to the Secretary of the Corporation that
    information required to be set forth in a stockholder&#146;s
    notice of nomination which pertains to the nominee.
    Notwithstanding anything in these bylaws to the contrary, no
    person shall be eligible to serve as a director of the
    Corporation unless nominated in accordance with the procedures
    set forth in this Section&#160;2.11. If the Board of Directors
    shall determine, based on the facts, that a nomination was not
    made in accordance with the procedures set forth in this
    Section&#160;2.11, the Chairman shall so declare to the meeting
    and the defective nomination shall be disregarded.
    Notwithstanding the foregoing provisions of this
    Section&#160;2.11, a stockholder shall also comply with all
    applicable requirements of the Securities Exchange Act of 1934,
    as amended, and the rules and regulations thereunder with
    respect to the matters set forth in this Section&#160;2.11.
</DIV>

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    <BR>
    E-3
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    <FONT style="font-family: 'Times New Roman', Times">ARTICLE&#160;III
    </FONT>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    DIRECTORS
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    3.1.&#160;&#160;<I><U>Powers; Number;
    Qualification</U>.</I>&#160;&#160;The business and affairs of
    the Corporation shall be managed by or under the direction of
    the Board of Directors, except as may be otherwise provided by
    law or in the Articles of Incorporation. The number of directors
    of the Corporation that shall constitute the Board of Directors
    shall be not less than one (1)&#160;nor more than fifteen (15).
    The exact number of directors may be fixed from time to time,
    within the limits specified in this Section&#160;3.1 or in the
    Articles of Incorporation, by the Board of Directors. Directors
    need not be stockholders of the Corporation.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    3.2.&#160;&#160;<I><U>Election; Term of
    Office</U>.</I>&#160;&#160;The Board of Directors shall be
    divided into three classes, with only one class of directors
    being elected in each year, and such division shall be effected
    by the Board of Directors in accordance with the provisions of
    the Articles of Incorporation.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    3.3.&#160;&#160;<I><U>Removal</U>.</I>&#160;&#160;Any director
    may be removed by the affirmative vote of the holders of a
    majority of all the shares of the stock of the Corporation
    outstanding and entitled to vote for the election of directors,
    but only for cause.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    3.4.&#160;&#160;<I><U>Resignations</U>.</I>&#160;&#160;Any
    director may resign at any time by submitting his or her written
    resignation to the Board of Directors or Secretary of the
    Corporation. Such resignation shall take effect at the time
    specified therein, and if no time be specified, at the time of
    its receipt by the Board or Secretary. The acceptance of a
    resignation shall not be required to make it effective.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    3.5.&#160;&#160;<I><U>Newly Created Directorship and
    Vacancies</U>.</I>&#160;&#160;Newly created directorships
    resulting from an increase in the number of directors and
    vacancies occurring in the Board of Directors for any reason
    whatsoever shall be filled by vote of the majority of the
    directors then in office, although less than a quorum, or by a
    sole remaining director. A director elected to fill a vacancy
    resulting from the death, resignation or removal of a director
    shall serve for the remainder of the full term of the director
    whose death, resignation or removal shall have created such
    vacancy and until his successor shall have been elected and
    qualified.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    3.6.&#160;&#160;<I><U>Place of
    Meetings</U>.</I>&#160;&#160;Except as otherwise provided in
    these bylaws, all meetings of the Board of Directors may be held
    at such places, either within or without the State of Arizona,
    as the Board of Directors may designate from time to time.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    3.7.&#160;&#160;<I><U>Annual Meetings</U>.</I>&#160;&#160;An
    annual meeting of each newly elected Board of Directors shall be
    held immediately following the annual meeting of stockholders,
    and no notice of such meeting to the newly elected directors
    shall be necessary in order to legally constitute the meeting,
    provided a quorum shall be present, or the newly elected
    directors may meet at such time and place as shall be fixed by
    the written consent of all of such directors as hereafter
    provided in Section&#160;3.14 of these bylaws, or as shall in
    specified in waiver of notice.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    3.8.&#160;&#160;<I><U>Regular
    Meetings</U>.</I>&#160;&#160;Regular meetings of the Board of
    Directors may be held upon such notice or without notice, and at
    such time and at such place as shall from time to time be
    determined by the Board of Directors.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    3.9.&#160;&#160;<I><U>Special
    Meetings</U>.</I>&#160;&#160;Special meetings of the Board of
    Directors may be called by the Chairman of the Board, Chief
    Executive Officer, the President or the Secretary upon the
    written request of a majority of the directors. Such request
    shall state the date, time and place of the meeting. Neither the
    business to be transacted at, nor the purpose of, any regular or
    special meeting of the Board of Directors need be specified in
    the notice or waiver of notice of such meeting.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    3.10.&#160;&#160;<I><U>Notice of
    Meetings</U>.</I>&#160;&#160;Notice of each special meeting of
    the Board of Directors (and of each regular meeting for which
    notice shall be required) shall be given by the Secretary and
    shall state the place, date and time of the meeting. Notice of
    each such meeting shall be given to each director either by mail
    not less than forty-eight (48)&#160;hours before the date of the
    meeting; by telephone, facsimile, telegram or
    <FONT style="white-space: nowrap">e-mail</FONT> on
    twenty-four (24)&#160;hours notice; or on such shorter notice as
    the person or persons calling such meeting may deem necessary or
    appropriate in the circumstances. Notice of any adjourned
    meeting, including the place,
</DIV>

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    <BR>
    E-4
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<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    date and time of the new meeting, shall be given to all
    directors not present at the time of the adjournment, as well as
    to the other directors unless the place, date and time of the
    new meeting is announced at the adjourned meeting. Nothing
    herein contained shall preclude the directors from waiving
    notice as provided in Section&#160;6.1 hereof.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    3.11.&#160;&#160;<I><U>Quorum and Voting</U>.</I>&#160;&#160;At
    all meetings of the Board of Directors, a majority of the entire
    Board of Directors shall be necessary to, and shall constitute a
    quorum for, the transaction of business at any meeting of
    directors, unless otherwise provided by any applicable provision
    of law, by these bylaws or by the Articles of Incorporation. The
    act of a majority of the directors present at the time of the
    vote, if a quorum is present at such time, shall be the act of
    the Board of Directors, unless otherwise provided by an
    applicable provision of law, by these bylaws or by the Articles
    of Incorporation. If a quorum shall not be present at any
    meeting of the Board of Directors, the directors present thereat
    may adjourn the meeting from time to time, until a quorum shall
    be present.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    3.12.&#160;&#160;<I><U>Telephone
    Participation</U>.</I>&#160;&#160;Any one or more members of the
    Board of Directors, or any committee of the Board of Directors,
    may participate in a meeting of the Board of Directors or
    committee by means of a conference telephone call or similar
    communications equipment allowing all persons participating in
    the meeting to hear each other at the same time. Participation
    by such means shall constitute presence in person at a meeting.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    3.13.&#160;&#160;<I><U>Action by Consent</U>.</I>&#160;&#160;Any
    action required or permitted to be taken by the Board of
    Directors, or by a committee of the Board of Directors, may be
    taken without a meeting if all members of the Board of Directors
    or the committee, as the case may be, consent in writing to the
    adoption of a resolution authorizing the action. Any such
    resolution and the written consents thereto by the members of
    the Board of Directors or committee shall be filed with the
    minutes of the proceedings of the Board of Directors or
    committee.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    3.14.&#160;&#160;<I><U>Committees of the Board of
    Directors</U>.</I>&#160;&#160;The Board of Directors, by
    resolution adopted by a majority of the entire Board of
    Directors, may designate one or more committees, each consisting
    of one or more directors. The Board of Directors may designate
    one or more directors as alternate members of any such
    committee. Such alternate members may replace any absent member
    or members at any meeting of such committee. Each committee
    (including the members thereof) shall serve at the pleasure of
    the Board of Directors and shall keep minutes of its meetings
    and report the same to the Board of Directors. Except as
    otherwise provided by law, each such committee, to the extent
    provided in the resolution establishing it, shall have and may
    exercise all the authority of the Board of Directors with
    respect to all matters.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    3.15.&#160;&#160;<I><U>Interested
    Directors</U>.</I>&#160;&#160;No contract or transaction between
    the Corporation and one or more of its directors or officers, or
    between the Corporation and any other corporation, partnership,
    association, or other organization in which one or more of its
    directors or officers are directors or officers, or have a
    financial interest, shall be void or voidable solely for this
    reason, or solely because the director or officer is present at
    or participates in the meeting of the Board of Directors or
    committee thereof which authorizes the contract or transaction,
    or solely because his or their votes are counted for such
    purpose, if (i)&#160;the material facts as to his or their
    relationship or interest and as to the contract or transaction
    are disclosed or are known to the Board of Directors or the
    committee, and the Board of Directors or committee in good faith
    authorizes the contract or transaction by the affirmative vote
    of a majority of the disinterested directors, even though the
    disinterested directors be less than a quorum; or (ii)&#160;the
    material facts as to his or their relationship or interest and
    as to the contract or transaction are disclosed or are known to
    the stockholders entitled to vote thereon, and the contract or
    transaction is specifically approved in good faith by vote of
    the stockholders; or (iii)&#160;the contract or transaction is
    fair as to the Corporation as of the time it is authorized,
    approved or ratified, by the Board of Directors, a committee
    thereof or the stockholders. Common or interested directors may
    be counted in determining the presence of a quorum at a meeting
    of the Board of Directors or of a committee which authorizes the
    contract or transaction.
</DIV>

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    <BR>
    E-5
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<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->

<DIV align="center" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <FONT style="font-family: 'Times New Roman', Times">ARTICLE&#160;IV
    </FONT>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    OFFICERS
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    4.1.&#160;&#160;<I><U>General</U>.</I>&#160;&#160;The officers
    of the Corporation shall be elected by the Board of Directors
    and may consist of: a Chief Executive Officer, President,
    Chairman of the Board, Principal Financial Officer, Secretary
    and Treasurer. The Board of Directors, in its discretion, may
    also elect one or more Vice Presidents, Assistant Secretaries,
    Assistant Treasurers and such other officers as the Board of
    Directors deems necessary or desirable. Any number of offices
    may be held by the same person and more than one person may hold
    the same office, unless otherwise prohibited by law, the
    Articles of Incorporation or these bylaws. The officers of the
    Corporation shall be elected annually (and from time to time by
    the Board of Directors, as vacancies occur), at the annual
    meeting of the Board of Directors following the meeting of
    stockholders at which the Board of Directors is elected.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    4.2.&#160;&#160;<I><U>Authorities and
    Duties</U>.</I>&#160;&#160;The officers of the Corporation shall
    perform such duties and have such powers as may be provided in
    these bylaws or as from time to time may be assigned to them by
    the Board of Directors.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    4.3.&#160;&#160;<I><U>Tenure and Removal</U>.</I>&#160;&#160;The
    officers of the Corporation shall be elected or appointed to
    hold office until their respective successors are elected or
    appointed. All officers shall hold office at the pleasure of the
    Board of Directors, and any officer elected or appointed by the
    Board of Directors may be removed at any time by the Board of
    Directors, with or without cause, at any regular or special
    meeting.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    4.4.&#160;&#160;<I><U>Vacancies</U>.</I>&#160;&#160;Any vacancy
    occurring in any office of the Corporation, whether because of
    death, resignation or removal, with or without cause, or any
    other reason, shall be filled by the Board of Directors.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    4.5.&#160;&#160;<I><U>Chief Executive
    Officer</U>.</I>&#160;&#160;Subject to the provisions of these
    bylaws and to the direction of the Board of Directors, the Chief
    Executive Officer shall have ultimate authority for decisions
    relating to the general management and control of the affairs
    and business of the Corporation and shall perform such other
    duties and exercise such other powers which are or from time to
    time may be delegated to him or her by the Board of Directors or
    these bylaws, all in accordance with basic policies as
    established by and subject to the oversight of the Board of
    Directors.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    4.6.&#160;&#160;<I><U>The President</U>.</I>&#160;&#160;The
    President shall have general supervision, direction and control
    of the operations of the Corporation and shall perform such
    other duties and exercise such other powers which are or from
    time to time may be delegated to him or her by the Board of
    Directors or these bylaws, all in accordance with basic policies
    as established by and subject to the oversight of the Board of
    Directors. At the request of the Chief Executive Officer or in
    the absence of the Chief Executive Officer, or in the event of
    his or her inability or refusal to act, the President shall
    perform the duties of the Chief Executive Officer, and when so
    acting, shall have all the powers of and be subject to all the
    restrictions upon such office.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    4.7.&#160;&#160;<I><U>Chairman of the
    Board</U>.</I>&#160;&#160;The Chairman of the Board shall be a
    member of the Board of Directors and, if present, preside at all
    meetings of the stockholders and directors and perform such
    other duties and exercise such other powers which are or from
    time to time may be delegated to him or her by the Board of
    Directors or these bylaws, all in accordance with basic policies
    as established by and subject to the oversight of the Board of
    Directors.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    4.8.&#160;&#160;<I><U>Principal Financial
    Officer</U>.</I>&#160;&#160;The Principal Financial Officer
    shall have general supervision, direction and control of the
    financial affairs of the Corporation and shall perform such
    other duties and exercise such other powers which are or from
    time to time may be delegated to him or her by the Board of
    Directors or these bylaws, all in accordance with basic policies
    as established by and subject to the oversight of the Board of
    Directors.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    4.9.&#160;&#160;<I><U>Secretary</U>.</I>&#160;&#160;The
    Secretary shall attend all meetings of the Board of Directors
    and all meetings of stockholders and record all the proceedings
    thereof in a book or books to be kept for that purpose. The
    Secretary shall also perform like duties for the standing
    committees when required. The Secretary shall give, or cause to
    be given, notice of all meetings of the stockholders and special
    meetings of the Board of Directors, and shall perform such other
    duties as may be prescribed by the Board of Directors or the
    Chief
</DIV>

<P align="center" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <BR>
    E-6
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<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Executive Officer. If the Secretary shall be unable or shall
    refuse to cause to be given notice of all meetings of the
    stockholders and special meetings of the Board of Directors,
    then any Assistant Secretary shall perform such actions. If
    there is no Assistant Secretary, then the Board of Directors or
    the Chief Executive Officer may choose another officer to cause
    such notice to be given. The Secretary shall have custody of the
    seal of the Corporation and the Secretary or any Assistant
    Secretary shall have authority to affix the same to any
    instrument requiring it. When the seal is affixed, it may be
    attested by the signature of the Secretary or by the signature
    of any such Assistant Secretary. The Board of Directors may give
    general authority to any other officer to affix the seal of the
    Corporation and to attest the affixing by his or her signature.
    The Secretary shall see that all books, reports, statements,
    certificates and other documents and records required by law to
    be kept or filed are properly kept or filed, as the case may be.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    4.10.&#160;&#160;<I><U>Treasurer</U>.</I>&#160;&#160;The
    Treasurer shall have the custody of the corporate funds and
    securities and shall keep full and accurate accounts of receipts
    and disbursements in books belonging to the Corporation and
    shall deposit all moneys and other valuable effects in the name
    and to the credit of the Corporation in such depositories as may
    be designated by the Board of Directors. The Treasurer shall
    disburse the funds of the Corporation as may be ordered by the
    Board of Directors, taking proper vouchers for such
    disbursements, and shall render to the Chief Executive Officer
    and the Board of Directors, at its regular meetings, or when the
    Board of Directors so requires, an account of all his or her
    transactions as Treasurer and of the financial condition of the
    Corporation.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    4.11.&#160;&#160;<I><U>Other Officers</U>.</I>&#160;&#160;Such
    other officers as the Board of Directors may choose shall
    perform such duties and have such powers as from time to time
    may be assigned to them by the Board of Directors. The Board of
    Directors may delegate to any other officer of the Corporation
    the power to choose such other officers and to prescribe their
    respective duties and powers.
</DIV>

<DIV style="margin-top: 18pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <FONT style="font-family: 'Times New Roman', Times">ARTICLE&#160;V<BR>
    </FONT>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <FONT style="font-family: 'Times New Roman', Times">STOCK
    CERTIFICATES AND STOCKHOLDERS
    </FONT>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    5.1.&#160;&#160;<I><U>Form and
    Signature</U>.</I>&#160;&#160;Every holder of stock in the
    Corporation shall be entitled to have a certificate signed, in
    the name of the Corporation (i)&#160;by the Chairman or a
    Vice-Chairman of the Board of Directors or the President or a
    Vice President and (ii)&#160;by the Treasurer or an Assistant
    Treasurer or the Secretary or an Assistant Secretary of the
    Corporation, representing the number of shares owned by such
    stockholder in the Corporation in certificate form.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    5.2.&#160;&#160;<I><U>Registered
    Stockholders</U>.</I>&#160;&#160;The Corporation shall be
    entitled to recognize the exclusive right of a person registered
    on its books as the owner of shares of stock to receive
    dividends or other distributions, and to vote as such owner, and
    shall not be bound to recognize any equitable or legal claim to
    or interest in such shares on the part of any other person.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    5.3.&#160;&#160;<I><U>Transfer of Stock</U>.</I>&#160;&#160;Upon
    surrender to the Corporation or the appropriate transfer agent,
    if any, of the Corporation, of a certificate representing shares
    of stock duly endorsed or accompanied by proper evidence of
    succession, assignment or authority to transfer, and, in the
    event that the certificate refers to any agreement restricting
    transfer of the shares which it represents, proper evidence of
    compliance with such agreement, a new certificate shall be
    issued to the person entitled thereto, and the old certificate
    cancelled and the transaction recorded upon the books of the
    Corporation.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    5.4.&#160;&#160;<I><U>Lost Certificates</U>.</I>&#160;&#160;The
    Corporation may issue a new certificate for shares in place of
    any certificate theretofore issued by it, alleged to have been
    lost, mutilated, stolen or destroyed, and the Board of Directors
    may require the owner of such lost, mutilated, stolen or
    destroyed certificate, or such owner&#146;s legal
    representatives, to make an affidavit of the fact
    <FONT style="white-space: nowrap">and/or</FONT> to
    give the Corporation a bond in such sum as it may direct as
    indemnity against any claim that may be made against the
    Corporation on account of the alleged loss, mutilation, theft or
    destruction of any such certificate or the issuance of any such
    new certificate.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    5.5.&#160;&#160;<I><U>Record Date</U>.</I>&#160;&#160;For the
    purpose of determining the stockholders entitled to notice of,
    or to vote at, any meeting of stockholders or any adjournment
    thereof, or to express written consent to any corporate action
</DIV>

<P align="center" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <BR>
    E-7
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<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    without a meeting, or for the purpose of determining
    stockholders entitled to receive payment of any dividend or
    other distribution or allotment of any rights, or entitled to
    exercise any rights in respect of any change, conversion or
    exchange of stock, or for the purpose of any other lawful
    action, the Board of Directors may fix, in advance, a record
    date. Such date shall not be more than sixty (60)&#160;nor less
    than ten (10)&#160;days before the date of any such meeting, nor
    more than sixty (60)&#160;days prior to any other action.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    5.6.&#160;&#160;<I><U>Regulations</U>.</I>&#160;&#160;Except as
    otherwise provided by law, the Board of Directors may make such
    additional rules and regulations, not inconsistent with these
    bylaws, as it may deem expedient, concerning the issue, transfer
    and registration of certificates for the securities of the
    Corporation. The Board of Directors may appoint, or authorize
    any officer or officers to appoint, one or more transfer agents
    and one or more registrars and may require all certificates for
    shares of capital stock to bear the signature or signatures of
    any of them.
</DIV>

<DIV style="margin-top: 18pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <FONT style="font-family: 'Times New Roman', Times">ARTICLE&#160;VI<BR>
    </FONT>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <FONT style="font-family: 'Times New Roman', Times">WAIVER
    </FONT>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    6.1.&#160;&#160;<I><U>Waiver</U>.</I>&#160;&#160;Whenever a
    notice is required to be given by any provision of law, these
    bylaws, or the Articles of Incorporation, a waiver thereof in
    writing, or by telecopy or any other means of communication
    permissible by law, whether before or after the time stated
    therein, shall be deemed equivalent to such notice. In addition,
    any stockholder attending a meeting of stockholders in person or
    by proxy without protesting prior to the conclusion of the
    meeting the lack of notice thereof to him or her, and any
    director attending a meeting of the Board of Directors without
    protesting prior to the meeting or at its commencement such lack
    of notice, shall be conclusively deemed to have waived notice of
    such meeting.
</DIV>

<DIV style="margin-top: 18pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <FONT style="font-family: 'Times New Roman', Times">ARTICLE&#160;VII
    </FONT>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    GENERAL PROVISIONS
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    7.1.&#160;&#160;<I><U>Dividends and
    Distributions</U>.</I>&#160;&#160;Dividends and other
    distributions upon or with respect to outstanding shares of
    stock of the Corporation may be declared by the Board of
    Directors at any regular or special meeting, and may be paid in
    cash, bonds, property, or in stock of the Corporation. The Board
    of Directors shall have full power and discretion, subject to
    the provisions of the Articles of Incorporation or the terms of
    any other corporate document or instrument to determine what, if
    any, dividends or distributions shall be declared and paid or
    made.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    7.2.&#160;&#160;<I><U>Checks</U>.</I>&#160;&#160;All checks or
    demands for money and notes or other instruments evidencing
    indebtedness or obligations of the Corporation shall be signed
    by such officer or officers or other person or persons as may
    from time to time be designated by the Board of Directors.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    7.3.&#160;&#160;<I><U>Seal</U>.</I>&#160;&#160;The corporate
    seal shall have inscribed thereon the name of the Corporation,
    the year of its incorporation and the words &#147;Corporate Seal
    Arizona.&#148; The seal may be used by causing it or a facsimile
    thereof to be impressed or affixed or otherwise reproduced.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    7.4.&#160;&#160;<I><U>Fiscal Year</U>.</I>&#160;&#160;The fiscal
    year of the Corporation shall be determined by the Board of
    Directors.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    7.5.&#160;&#160;<I><U>General and Special Bank
    Accounts</U>.</I>&#160;&#160;The Board of Directors may
    authorize from time to time the opening and keeping of general
    and special bank accounts with such banks, trust companies or
    other depositories as the Board of Directors may designate or as
    may be designated by any officer or officers of the Corporation
    to whom such power of designation may be delegated by the Board
    of Directors from time to time. The Board of Directors may make
    such special rules and regulations with respect to such bank
    accounts, not inconsistent with the provisions of these bylaws,
    as it may deem expedient.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    7.6.&#160;&#160;<I><U>Reliance on Books and
    Records</U>.</I>&#160;&#160;Each director, each member of any
    committee designated by the Board of Directors, and each officer
    of the Corporation, shall, in the performance of his or her
    duties, be fully protected in relying in good faith upon the
    books of account or other records of the Corporation, including
    reports made to the Corporation by any of its officers, by an
    independent certified public accountant, or by an appraiser
    selected with reasonable care.
</DIV>

<P align="center" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <BR>
    E-8
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<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    7.7.&#160;&#160;<I><U>Execution of Corporate Contracts and
    Instruments</U>.</I>&#160;&#160;Except as otherwise provided in
    these bylaws, the Board of Directors of the Corporation, or any
    officers of the Corporation authorized thereby, may authorize
    any officer or officers, or agent or agents, to enter into any
    contract or execute any instrument in the name of and on behalf
    of the Corporation. Such authority may be general or confined to
    specific instances.
</DIV>

<DIV style="margin-top: 18pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <FONT style="font-family: 'Times New Roman', Times">ARTICLE&#160;VIII<BR>
    </FONT>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <FONT style="font-family: 'Times New Roman', Times">INDEMNIFICATION
    </FONT>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    8.1.&#160;&#160;<I><U>Indemnification by
    Corporation</U>.</I>&#160;&#160;The Indemnification of
    directors, officers and other persons shall be as provided in
    the Articles of Incorporation. The Corporation may also secure
    insurance on behalf of any officer, director or employee for any
    liability arising out of his or her actions, regardless of
    whether the Arizona Business Corporation Act would permit
    indemnification.
</DIV>

<DIV style="margin-top: 18pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <FONT style="font-family: 'Times New Roman', Times">ARTICLE&#160;IX
    </FONT>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    ADOPTION AND AMENDMENTS
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    9.1.&#160;&#160;<I><U>Power to Amend</U>.</I>&#160;&#160;Except
    as otherwise provided by law or by the Articles of
    Incorporation, the Board of Directors shall have power to amend,
    repeal or adopt bylaws by a majority vote of the directors.
    Except as otherwise provided by law, any bylaw adopted by the
    Board of Directors may be amended or repealed at a
    stockholders&#146; meeting by vote of the holders of a majority
    of the shares entitled, at that time, to vote for the election
    of directors. If any bylaw regulating any impending election of
    directors is adopted, amended or repealed by the Board of
    Directors, there shall be set forth in the notice of the next
    meeting of stockholders for the election of directors the bylaw
    so adopted, amended or repealed, together with a concise
    statement of the changes made.
</DIV>

<DIV style="margin-top: 18pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <FONT style="font-family: 'Times New Roman', Times">ARTICLE&#160;X
    </FONT>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    MISCELLANEOUS
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    10.1.&#160;&#160;<I><U>Articles of
    Incorporation</U>.</I>&#160;&#160;All references in the bylaws
    to the Corporation&#146;s Articles of Incorporation shall be to
    the Articles of Incorporation as the same may be amended from
    time to time.
</DIV>

<P align="center" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <BR>
    E-9
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<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="right" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">Annex
    F</FONT></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">FORM&#160;OF
    VOTING AGREEMENT</FONT></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    This VOTING AGREEMENT, dated as of
    this&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;
    day
    of&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;,
    2009, (the <B><I>&#147;Agreement&#148;</I></B>), by and among
    SearchMedia Holdings Limited, a Cayman Islands company
    (collectively with all predecessors thereof, the
    <B><I>&#147;Company&#148;</I></B>), and each of the shareholders
    and other security holders of the Company identified on the
    signature pages hereto (each, a <B><I>&#147;Shareholder,&#148;
    </I></B>and collectively the
    <B><I>&#147;Shareholders&#148;</I></B>). All capitalized terms
    used but not defined in this Agreement shall have the meanings
    ascribed to them in the Share Exchange Agreement (as defined
    below).
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    WHEREAS, each of Ideation Acquisition Corp. and certain of the
    Shareholders, among others, have entered into an Agreement and
    Plan of Merger, Conversion and Share Exchange,
    dated&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;,
    2009 (the <B><I>&#147;Share Exchange Agreement&#148;</I></B>)
    that provides for the acquisition of SearchMedia International
    Limited&#146;s issued share capital and warrants by the Company
    through an exchange transaction;&#160;and
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    WHEREAS, as a condition to the closing of the Share Exchange
    Agreement, the Shareholders have agreed to enter into this
    Agreement.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    NOW, THEREFORE, in consideration of the covenants, promises and
    representations set forth herein, and other good and valuable
    consideration, the receipt and sufficiency of which are hereby
    expressly and mutually acknowledged, and intending to be legally
    bound hereby, the parties hereto agree as follows:
</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

<TR>
    <TD width="3%"></TD>
    <TD width="97%"></TD>
</TR>

<TR valign="top">
    <TD>
    <B><FONT style="font-family: 'Times New Roman', Times">1.&#160;&#160;</FONT></B>
</TD>
    <TD>
    <B><FONT style="font-family: 'Times New Roman', Times">REPRESENTATIONS
    AND WARRANTIES.</FONT></B>
</TD>
</TR>

</TABLE>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Each of the parties hereto, by their respective execution and
    delivery of this Agreement, hereby represents and warrants to
    the other party hereto that:
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (a)&#160;such party has the full right, capacity and authority
    to enter into, deliver and perform this Agreement;
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (b)&#160;this Agreement has been duly executed and delivered by
    such party and is a binding and enforceable obligation of such
    party, enforceable against such party in accordance with the
    terms of this Agreement;&#160;and
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (c)&#160;the execution, delivery and performance of such
    party&#146;s obligations under this Agreement will not require
    such party to obtain the consent, waiver or approval of any
    Person and will not violate, result in a breach of, or
    constitute a default under any statute, regulation, agreement,
    judgment, consent, or decree by which such party is bound.
</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

<TR>
    <TD width="3%"></TD>
    <TD width="97%"></TD>
</TR>

<TR valign="top">
    <TD>
    <B><FONT style="font-family: 'Times New Roman', Times">2.&#160;&#160;</FONT></B>
</TD>
    <TD>
    <B><FONT style="font-family: 'Times New Roman', Times">SHARES
    SUBJECT TO AGREEMENT</FONT></B>
</TD>
</TR>

</TABLE>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Each Shareholder, severally and not jointly, agrees to vote all
    of his, her or its voting shares of the Company then owned by
    such Shareholder, whether now owned or hereafter acquired
    (hereafter referred to as the <B><I>&#147;Voting
    Shares&#148;</I></B>), in accordance with the provisions of this
    Agreement.
</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

<TR>
    <TD width="3%"></TD>
    <TD width="97%"></TD>
</TR>

<TR valign="top">
    <TD>
    <B><FONT style="font-family: 'Times New Roman', Times">3.&#160;&#160;</FONT></B>
</TD>
    <TD>
    <B><FONT style="font-family: 'Times New Roman', Times">OBLIGATIONS
    TO VOTE VOTING SHARES FOR SPECIFIC NOMINEE</FONT></B>
</TD>
</TR>

</TABLE>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    At any annual or special meeting called, or in connection with
    any other action (including the execution of written consents)
    taken for the purpose of electing directors to the board of
    directors of the Company (the <B><I>&#147;Board&#148;</I></B>),
    each of the Shareholders agrees, for a period commencing from
    the Closing Date of the Share Exchange Agreement and ending not
    sooner than the third anniversary of the Closing Date of the
    Share Exchange Agreement (the <B><I>&#147;Voting
    Period&#148;</I></B>), to vote all of his, her or its Voting
    Shares in favor of the persons nominated by the Ideation
    Representative and the SM Shareholders&#146; Representatives.
</DIV>

<P align="center" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <BR>
    F-1
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<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

<TR>
    <TD width="3%"></TD>
    <TD width="97%"></TD>
</TR>

<TR valign="top">
    <TD>
    <B><FONT style="font-family: 'Times New Roman', Times">4.&#160;&#160;</FONT></B>
</TD>
    <TD>
    <B><FONT style="font-family: 'Times New Roman', Times">OBLIGATIONS
    TO VOTE VOTING SHARES FOR REMOVAL OF DIRECTOR; FILLING
    VACANCIES</FONT></B>
</TD>
</TR>

</TABLE>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    During the Voting Period, the Ideation Representative and the SM
    Shareholders&#146; Representatives shall have the right to
    request the resignation or removal of their respective elected
    nominees to the Board (including, with respect to the SM
    Shareholders&#146; Representatives, the Director Nominees
    nominated by the SM Shareholders). In such event, each of the
    Shareholders agrees to vote all of his, her or its Voting Shares
    in a manner that would cause the removal of such director,
    whether at any annual or special meeting called, or, in
    connection with any other action (including the execution of
    written consents) taken for the purpose of removing such
    director. In the event of the resignation, death, removal or
    disqualification of any such elected nominee to the Board
    (including, with respect to the SM Shareholders&#146;
    Representatives, the Director Nominees nominated by the SM
    Shareholders), the Ideation Representative or the SM
    Shareholders&#146; Representatives, as the case may be, shall
    promptly nominate a new director and, after written notice of
    the nomination has been given by the Ideation Representative or
    the SM Shareholders&#146; Representatives to the Shareholders,
    each Shareholder will vote all his, her or its Voting Shares to
    elect such nominee to the board of directors of the Company.
</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

<TR>
    <TD width="3%"></TD>
    <TD width="97%"></TD>
</TR>

<TR valign="top">
    <TD>
    <B><FONT style="font-family: 'Times New Roman', Times">5.&#160;&#160;</FONT></B>
</TD>
    <TD>
    <B><FONT style="font-family: 'Times New Roman', Times">COVENANT
    TO VOTE</FONT></B>
</TD>
</TR>

</TABLE>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Each Shareholder shall appear in person or by proxy at any
    annual or special meeting of shareholders of the Company for the
    purpose of obtaining a quorum and shall vote all Voting Shares
    owned by such Shareholder, either in person or by proxy, at any
    annual or special meeting of shareholders of the Company called
    for the purpose of voting on the election of directors or by
    written consent of shareholders with respect to the election of
    directors, in favor of the election of the persons nominated by
    the Ideation Representative and the SM Shareholders&#146;
    Representatives. In addition, each Shareholder shall appear in
    person or proxy at any annual or special meeting of shareholders
    of the Company for the purpose of obtaining a quorum and shall
    vote, or shall execute and deliver a written consent with
    respect to, all Voting Shares owned by such Shareholder,
    entitled to vote upon any other matter submitted to a vote of
    shareholders of the Company in a manner so as to be consistent
    and not in conflict with, and to implement, the terms of this
    Agreement.
</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

<TR>
    <TD width="3%"></TD>
    <TD width="97%"></TD>
</TR>

<TR valign="top">
    <TD>
    <B><FONT style="font-family: 'Times New Roman', Times">6.&#160;&#160;</FONT></B>
</TD>
    <TD>
    <B><FONT style="font-family: 'Times New Roman', Times">ADDITIONAL
    SHARES</FONT></B>
</TD>
</TR>

</TABLE>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    If, after the effective date hereof, the Shareholders or any of
    their affiliates acquire beneficial or record ownership of any
    additional shares of the Company (any such shares,
    <B><I>&#147;Additional Shares&#148;</I></B>), including, without
    limitation, upon exercise of any option, warrant or right to
    acquire shares of the Company or through any stock dividend or
    stock split, the provisions of this Agreement shall thereafter
    be applicable to such Additional Shares as if such Additional
    Shares had been held by the Shareholders as of the effective
    date hereof. The provisions of the immediately preceding
    sentence shall be effective with respect to Additional Shares
    without action by any person or entity immediately upon the
    acquisition by the Shareholders of the beneficial ownership of
    the Additional Shares. The Shareholders shall use reasonable
    efforts to cause any affiliate that acquires Additional Shares
    to enter into a written joinder to this Agreement substantially
    in the form attached hereto as <U>Exhibit&#160;A.</U>
</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

<TR>
    <TD width="3%"></TD>
    <TD width="97%"></TD>
</TR>

<TR valign="top">
    <TD>
    <B><FONT style="font-family: 'Times New Roman', Times">7.&#160;&#160;</FONT></B>
</TD>
    <TD>
    <B><FONT style="font-family: 'Times New Roman', Times">TRANSFER
    RESTRICTIONS</FONT></B>
</TD>
</TR>

</TABLE>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Each Shareholder agrees that he, she or it shall not transfer
    any Voting Shares unless he, she or it shall cause any
    transferee who acquires, in one or more transactions, more than
    500,000&#160;shares of the Company from such Shareholder to
    execute and deliver a joinder substantially in the form of
    <U>Exhibit&#160;A</U> hereto to the Company. The foregoing
    restriction will not apply (a)&#160;to any transfers made in
    connection with an underwritten secondary offering of shares
    owned by any Shareholder or (b)&#160;to any sales or transfers
    by Shareholders in any open-market transaction. Each
    certificate, if any, representing any shares of the Company held
    by either party shall be endorsed with a legend reading
    substantially as follows:
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    &#147;THE SHARES EVIDENCED HEREBY ARE SUBJECT TO A VOTING
    AGREEMENT (A COPY OF WHICH MAY BE OBTAINED UPON WRITTEN REQUEST
    FROM THE ISSUER), AND BY
</DIV>

<P align="center" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <BR>
    F-2
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<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    ACCEPTING ANY INTEREST IN SUCH SHARES THE PERSON ACCEPTING SUCH
    INTEREST SHALL BE DEEMED TO AGREE TO AND SHALL BECOME BOUND BY
    ALL THE PROVISIONS OF SAID VOTING AGREEMENT.&#148;
</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

<TR>
    <TD width="3%"></TD>
    <TD width="97%"></TD>
</TR>

<TR valign="top">
    <TD>
    <B><FONT style="font-family: 'Times New Roman', Times">8.&#160;&#160;</FONT></B>
</TD>
    <TD>
    <B><FONT style="font-family: 'Times New Roman', Times">TERMINATION</FONT></B>
</TD>
</TR>

</TABLE>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    This Agreement shall commence on the Closing Date of the Share
    Exchange Agreement and continue in force and effect until the
    earlier of (i)&#160;the third anniversary of the Closing Date,
    or (ii)&#160;a Change of Control that results in the issuance of
    the Maximum Earn-Out Shares pursuant to Section&#160;5.2(b)(v)
    of the Share Exchange Agreement. Upon the termination of this
    Agreement, except as otherwise set forth herein, the
    restrictions and obligations set forth herein shall terminate
    and be of no further effect, except that such termination shall
    not affect rights perfected or obligations incurred under this
    Agreement prior to such termination.
</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

<TR>
    <TD width="3%"></TD>
    <TD width="97%"></TD>
</TR>

<TR valign="top">
    <TD>
    <B><FONT style="font-family: 'Times New Roman', Times">9.&#160;&#160;</FONT></B>
</TD>
    <TD>
    <B><FONT style="font-family: 'Times New Roman', Times">GENERAL
    PROVISIONS</FONT></B>
</TD>
</TR>

</TABLE>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (a)&#160;<I>Notices.</I>&#160;&#160;Unless otherwise provided
    herein, all notices, requests, waivers and other communications
    made pursuant to this Agreement will be in writing and will be
    given in accordance with the notice provisions of the Share
    Exchange Agreement.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (b)&#160;<I>Captions and Headings.</I>&#160;&#160;The captions
    and headings used in this Agreement are used for convenience
    only and are not to be considered in construing or interpreting
    this Agreement.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (c)&#160;<I>Enforceability; Severability.</I>&#160;&#160;The
    parties hereto agree that each provision of this Agreement will
    be interpreted in such a manner as to be effective and valid
    under applicable law. If one or more provisions of this
    Agreement are nevertheless held to be prohibited, invalid or
    unenforceable under applicable law, such provision will be
    effective to the fullest extent possible excluding the terms
    affected by such prohibition, invalidity or unenforceability,
    without invalidating the remainder of such provision or the
    remaining provisions of this Agreement. If the prohibition,
    invalidity or unenforceability referred to in the prior sentence
    requires such provision to be excluded from this Agreement in
    its entirety, the balance of the Agreement will be interpreted
    as if such provision were so excluded and will be enforceable in
    accordance with its terms.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (d)&#160;<I>Entire Agreement.</I>&#160;&#160;This Agreement
    constitutes the entire agreement among the parties with respect
    to the subject matter hereof and no party will be liable or
    bound to any other party in any manner by any warranties,
    representations or covenants except as specifically set forth
    herein.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (e)&#160;<I>Equitable Relief.</I>&#160;&#160;The parties hereto
    recognize that, if such party fails to perform or discharge any
    of its obligations under this Agreement, any remedy at law may
    prove to be inadequate relief to the other parties. Each party
    hereto therefore agrees that the other parties are entitled to
    seek temporary and permanent injunctive relief and any other
    equitable remedy a court of competent jurisdiction may deem
    appropriate in any such case.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (f)&#160;<I>Manner of Voting</I>.&#160;&#160;The voting of
    shares pursuant to this Agreement may be effected in person, by
    proxy, by written consent or in any other manner permitted by
    applicable law.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (g)&#160;<I>Governing Law.</I>&#160;&#160;This Agreement shall
    be construed in accordance with, and governed in all respects
    by, the laws of the State of New York.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (h)&#160;<I>Disputes.</I>&#160;&#160;Except with respect to
    equitable relief as provided for herein, any controversy or
    claim arising out of or relating to this contract, or the breach
    thereof, shall be determined by arbitration administered by the
    International Centre for Dispute Resolution in accordance with
    its International Arbitration Rules. The number of arbitrators
    shall be three. The place of arbitration shall be New York City,
    New York, United States of America. The language of the
    arbitration shall be English.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (i)&#160;<I>Delays or Omissions.</I>&#160;&#160;No delay or
    omission to exercise any right, power or remedy accruing to any
    party under this Agreement, or upon any breach or default of any
    other party under this Agreement, will impair any such right,
    power or remedy of such non-breaching or non-defaulting party
    nor will it be construed to be a waiver of any such breach or
    default, or an acquiescence therein, or of or in any similar
    breach or
</DIV>

<P align="center" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <BR>
    F-3
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<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    default thereafter occurring; nor will any waiver of any single
    breach or default be deemed a waiver of any other breach or
    default theretofore or thereafter occurring. Any waiver, permit,
    consent or approval of any kind or character on the part of any
    party of any provisions or conditions of this Agreement, must be
    in writing and will be effective only to the extent specifically
    set forth in such writing. Except as otherwise set forth herein,
    all remedies, either under this Agreement or by Law or otherwise
    afforded to any party, will be cumulative and not alternative.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (j)&#160;<I>Counterparts.</I>&#160;&#160;This Agreement may be
    executed in any number of counterparts, each of which shall be
    deemed an original, and all of which together shall constitute
    one instrument.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (k)&#160;<I>Amendments.</I>&#160;&#160;Any term of this
    Agreement may be amended only with the written consent of the
    parties hereto.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (l)&#160;<I>No Third Party Beneficiaries.</I>&#160;&#160;This
    Agreement is made and entered into for the sole protection and
    benefit of the parties hereto, their successors, assigns and
    heirs, and no other person or entity shall have any right or
    action under this Agreement.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (m)&#160;<I>Controlling Agreement.</I>&#160;&#160;To the extent
    the terms of this Agreement (as amended, supplemented, restated
    or otherwise modified from time to time) directly conflicts with
    a provision in the Share Exchange Agreement, the terms of this
    Agreement shall control.
</DIV>

<DIV style="margin-top: 18pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <I><FONT style="font-family: 'Times New Roman', Times">[Signatures
    begin on next page.]</FONT></I>
</DIV>

<P align="center" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <BR>
    F-4
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<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    IN WITNESS WHEREOF, the Parties hereto have caused this
    Agreement to be duly executed by their respective authorized
    signatories as of the date first indicated above.
</DIV>

<DIV style="margin-top: 24pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 49%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <B>SEARCHMEDIA HOLDINGS LIMITED</B>
</DIV>

<DIV style="margin-top: 48pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 49%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    By:&#160;<FONT style="word-spacing: 100pt; white-space: nowrap; font-size: 1pt; color: #000000"><U>&#173;
    &#173;</U></FONT><!-- callerid=128 iwidth=229 length=0 -->
</DIV>

<DIV align="left" style="margin-left: 49%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Name:
</DIV>

<DIV align="left" style="margin-left: 49%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Title:
</DIV>

<DIV style="margin-top: 24pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 49%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <B>SHAREHOLDERS:</B>
</DIV>

<DIV style="margin-top: 24pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 49%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <B>&#160;<FONT style="word-spacing: 100pt; white-space: nowrap; font-size: 1pt; color: #000000"><U>&#173;
    &#173;</U></FONT><!-- callerid=128 iwidth=229 length=0 --></B>
</DIV>

<DIV align="left" style="margin-left: 49%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <B>QINYING LIU</B>
</DIV>

<DIV style="margin-top: 24pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 49%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <B>&#160;<FONT style="word-spacing: 100pt; white-space: nowrap; font-size: 1pt; color: #000000"><U>&#173;
    &#173;</U></FONT><!-- callerid=128 iwidth=229 length=0 --></B>
</DIV>

<DIV align="left" style="margin-left: 49%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <B>LE YANG</B>
</DIV>

<DIV style="margin-top: 24pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 49%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <B>CHINA SEED VENTURES MANAGEMENT LIMITED, </B>as general
    partner for and on behalf of
</DIV>

<DIV align="left" style="margin-left: 49%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <B>CHINA SEED VENTURES, L.P.</B>
</DIV>

<DIV style="margin-top: 48pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 49%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    By:&#160;<FONT style="word-spacing: 100pt; white-space: nowrap; font-size: 1pt; color: #000000"><U>&#173;
    &#173;</U></FONT><!-- callerid=128 iwidth=229 length=0 -->
</DIV>

<DIV align="left" style="margin-left: 49%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Name:&#160;&#160;Earl Yen
</DIV>

<DIV align="left" style="margin-left: 49%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Title:&#160;&#160;&#160;&#160;&#160;Managing Director
</DIV>

<P align="center" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <BR>
    F-5
</DIV><!-- END PAGE WIDTH -->
<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>

<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->

<DIV align="left" style="margin-left: 49%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <B>GENTFULL INVESTMENT LIMITED</B>
</DIV>

<DIV style="margin-top: 48pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="49%"></TD>
    <TD width="4%"></TD>
    <TD width="47%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    By:&#160;
</TD>
    <TD valign="bottom" align="left">
    <DIV style="font-size: 2pt; margin-left: 0%; width: 100%;  align: left; border-bottom: 1pt solid #000000"></DIV><!-- callerid=115 iwidth=212 length=0 -->
</TD>
</TR>

</TABLE>

<DIV align="left" style="margin-left: 53%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Name:&#160;&#160;Mr.&#160;Alex Mong
</DIV>

<DIV align="left" style="margin-left: 53%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Title:&#160;&#160;&#160;&#160;&#160;Director
</DIV>

<DIV style="margin-top: 24pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="49%"></TD>
    <TD width="4%"></TD>
    <TD width="47%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    By:&#160;
</TD>
    <TD valign="bottom" align="left">
    <DIV style="font-size: 2pt; margin-left: 0%; width: 100%;  align: left; border-bottom: 1pt solid #000000"></DIV><!-- callerid=115 iwidth=212 length=0 -->
</TD>
</TR>

</TABLE>

<DIV align="left" style="margin-left: 53%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Name:&#160;&#160;Mr.&#160;Eric Chung
</DIV>

<DIV align="left" style="margin-left: 53%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Title:&#160;&#160;&#160;&#160;&#160;Director
</DIV>

<DIV style="margin-top: 24pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 49%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <B>GAVAST ESTATES LIMITED</B>
</DIV>

<DIV style="margin-top: 24pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="49%"></TD>
    <TD width="4%"></TD>
    <TD width="47%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    By:&#160;
</TD>
    <TD valign="bottom" align="left">
    <DIV style="font-size: 2pt; margin-left: 0%; width: 100%;  align: left; border-bottom: 1pt solid #000000"></DIV><!-- callerid=115 iwidth=212 length=0 -->
</TD>
</TR>

</TABLE>

<DIV align="left" style="margin-left: 53%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Name:&#160;&#160;Mr. K.L. Wong
</DIV>

<DIV align="left" style="margin-left: 53%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Title:&#160;&#160;&#160;&#160;&#160;Director
</DIV>

<DIV style="margin-top: 24pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="49%"></TD>
    <TD width="4%"></TD>
    <TD width="47%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    By:&#160;
</TD>
    <TD valign="bottom" align="left">
    <DIV style="font-size: 2pt; margin-left: 0%; width: 100%;  align: left; border-bottom: 1pt solid #000000"></DIV><!-- callerid=115 iwidth=212 length=0 -->
</TD>
</TR>

</TABLE>


<DIV align="left" style="margin-left: 53%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
     Name:&#160;&#160;Mr.&#160;Yuen Yui Wing
</DIV>


<DIV align="left" style="margin-left: 53%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
     Title:&#160;&#160;&#160;&#160;&#160;Director
</DIV>

<DIV style="margin-top: 24pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 49%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <B>LINDEN VENTURES II (BVI), LTD.</B>
</DIV>

<DIV style="margin-top: 24pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="49%"></TD>
    <TD width="4%"></TD>
    <TD width="47%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    By:&#160;
</TD>
    <TD valign="bottom" align="left">
    <DIV style="font-size: 2pt; margin-left: 0%; width: 100%;  align: left; border-bottom: 1pt solid #000000"></DIV><!-- callerid=115 iwidth=212 length=0 -->
</TD>
</TR>

</TABLE>

<DIV align="left" style="margin-left: 53%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Name:
</DIV>

<DIV align="left" style="margin-left: 53%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Title: Authorized Signatory
</DIV>

<P align="center" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <BR>
    F-6
</DIV><!-- END PAGE WIDTH -->
<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>

<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->

<DIV align="left" style="margin-left: 49%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <B>FROST GAMMA INVESTMENTS TRUST</B>
</DIV>

<DIV style="margin-top: 48pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="49%"></TD>
    <TD width="4%"></TD>
    <TD width="47%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    By:&#160;
</TD>
    <TD valign="bottom" align="left">
    <DIV style="font-size: 2pt; margin-left: 0%; width: 100%;  align: left; border-bottom: 1pt solid #000000"></DIV><!-- callerid=115 iwidth=212 length=0 -->
</TD>
</TR>

</TABLE>

<DIV align="left" style="margin-left: 53%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Name:
</DIV>

<DIV align="left" style="margin-left: 53%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Title:
</DIV>

<DIV style="margin-top: 48pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="49%"></TD>
    <TD width="1%"></TD>
    <TD width="50%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#160;
</TD>
    <TD valign="bottom" align="left">
    <DIV style="font-size: 2pt; margin-left: 0%; width: 100%;  align: left; border-bottom: 1pt solid #000000"></DIV><!-- callerid=115 iwidth=226 length=0 -->
</TD>
</TR>

</TABLE>

<DIV align="left" style="margin-left: 50%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <B>ROBERT N. FRIED</B>
</DIV>

<DIV style="margin-top: 48pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="49%"></TD>
    <TD width="1%"></TD>
    <TD width="50%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    <B>&#160;</B>
</TD>
    <TD valign="bottom" align="left">
    <DIV style="font-size: 2pt; margin-left: 0%; width: 100%;  align: left; border-bottom: 1pt solid #000000"></DIV><!-- callerid=115 iwidth=226 length=0 -->
</TD>
</TR>

</TABLE>

<DIV align="left" style="margin-left: 50%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <B>SUBBARAO UPPALURI</B>
</DIV>

<DIV style="margin-top: 48pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="49%"></TD>
    <TD width="1%"></TD>
    <TD width="50%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    <B>&#160;</B>
</TD>
    <TD valign="bottom" align="left">
    <DIV style="font-size: 2pt; margin-left: 0%; width: 100%;  align: left; border-bottom: 1pt solid #000000"></DIV><!-- callerid=115 iwidth=226 length=0 -->
</TD>
</TR>

</TABLE>

<DIV align="left" style="margin-left: 50%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <B>STEVEN D. RUBIN</B>
</DIV>

<DIV style="margin-top: 48pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="49%"></TD>
    <TD width="1%"></TD>
    <TD width="50%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    <B>&#160;</B>
</TD>
    <TD valign="bottom" align="left">
    <DIV style="font-size: 2pt; margin-left: 0%; width: 100%;  align: left; border-bottom: 1pt solid #000000"></DIV><!-- callerid=115 iwidth=226 length=0 -->
</TD>
</TR>

</TABLE>

<DIV align="left" style="margin-left: 50%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <B>JANE HSIAO</B>
</DIV>

<P align="center" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <BR>
    F-7
</DIV><!-- END PAGE WIDTH -->
<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>

<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->

<DIV style="margin-top: 18pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><U><FONT style="font-family: 'Times New Roman', Times">Exhibit&#160;A</FONT></U></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <B><U>Joinder to Voting Agreement</U></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    By execution of this Joinder, the undersigned (the
    &#147;Shareholder&#148;) hereby joins in, agrees to become a
    party to, be bound by, and subject to, all of the covenants,
    terms and conditions of that certain Voting Agreement, dated as
    of&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;,
    2009 (as the same may be amended, supplemented or otherwise
    modified from time to time, the &#147;Voting Agreement&#148;),
    by and among SearchMedia Holdings Limited, a Cayman Islands
    company, and certain of its shareholders in the same manner as
    if the Shareholder were an original signatory to such Voting
    Agreement.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    The Shareholder shall have all the rights, and shall observe all
    the obligations, applicable to a Shareholder under the Voting
    Agreement.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    The Shareholder represents and warrants that he/she/it has
    received a copy of, and has reviewed the terms of, the Voting
    Agreement.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    All questions concerning the construction, validity and
    interpretation of this Joinder will be governed by and construed
    in accordance with the internal laws of the state of New York.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <B>IN WITNESS WHEREOF, </B>the Shareholder has executed this
    Joinder as of
    this&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;
    day
    of&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;,&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;.
</DIV>

<DIV style="margin-top: 24pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 49%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <B>SHAREHOLDER</B>
</DIV>

<DIV style="margin-top: 24pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 49%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    with copies to:
</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV style="font-size: 2pt; margin-right: 49%; width: 39%;  align: left; border-bottom: 1pt solid #000000"></DIV><!-- callerid=999 iwidth=456 length=180 -->

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV style="font-size: 2pt; margin-right: 49%; width: 39%;  align: left; border-bottom: 1pt solid #000000"></DIV><!-- callerid=999 iwidth=456 length=180 -->

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV style="font-size: 2pt; margin-right: 49%; width: 39%;  align: left; border-bottom: 1pt solid #000000"></DIV><!-- callerid=999 iwidth=456 length=180 -->

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="49%"></TD>
    <TD width="4%"></TD>
    <TD width="47%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    By:&#160;
</TD>
    <TD align="left">

</TD>
</TR>

</TABLE>

<DIV style="font-size: 2pt; margin-left: 53%; width: 100%;  align: left; border-bottom: 1pt solid #000000"></DIV><!-- callerid=999 iwidth=456 length=0 -->

<DIV style="margin-top: 24pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 49%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Address for
</DIV>

<DIV align="left" style="margin-left: 49%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Notices:
</DIV>

<P align="center" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <BR>
    F-8
</DIV><!-- END PAGE WIDTH -->
<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>

<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="right" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">Annex
    <FONT style="white-space: nowrap">G-1</FONT></FONT></B>
</DIV>



<DIV style="margin-top: 18pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">FORM&#160;OF
    <FONT style="white-space: nowrap">LOCK-UP</FONT>
    AGREEMENT</FONT></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    This <FONT style="white-space: nowrap">Lock-Up</FONT>
    Agreement (this &#147;<B><I>Agreement</I></B>&#148;) is dated as
    of&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;,
    2009 and made by the shareholder set forth on the signature page
    to this Agreement (the
    &#147;<B><I>Holder</I></B>&#148;)<SUP style="font-size: 85%; vertical-align: top">3</SUP>.

    Any and all capitalized terms used but not otherwise defined
    herein shall have the meaning ascribed to such terms in the
    Share Exchange Agreement (as defined below).
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    WHEREAS, Ideation Acquisition Corp., a Delaware corporation
    (&#147;<B><I>Ideation</I></B>&#148;) has entered into that
    certain Agreement and Plan of Merger, Conversion and Share
    Exchange, dated March&#160;31, 2009, as amended (the
    <B><I>&#147;Share Exchange Agreement&#148;</I></B>), by and
    among Ideation, ID Arizona Corp., an Arizona corporation and a
    wholly-owned subsidiary of Ideation, SearchMedia International
    Limited, an exempted limited company incorporated under the laws
    of the Cayman Islands (&#147;<B><I>SearchMedia&#148;) and the
    other parties thereto.</I></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    WHEREAS, the execution and delivery of this Agreement by the
    undersigned is a condition to the closing of the Share Exchange
    Agreement.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    NOW THEREFORE, in consideration of the mutual covenants and
    agreements set forth herein, and other good and valuable
    consideration, the receipt and sufficiency of which is hereby
    acknowledged, the parties, intending to be legally bound, agree
    as follows:
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    1.&#160;<I>Representations and Warranties</I>. The undersigned
    hereby represents and warrants that the undersigned has full
    power and authority to enter into this Agreement. This Agreement
    and the terms, covenants, provisions and conditions hereof shall
    be binding upon, and shall inure to the benefit of, the
    respective heirs, successors and assigns of the parties hereto.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    2.&#160;<I><FONT style="white-space: nowrap">Lock-Up</FONT></I>.
    Following the Closing, and until the six (6)&#160;month
    anniversary of the Closing with respect to twenty five percent
    (25%) the Shares (as defined below) and until the one
    (1)&#160;year anniversary of the Closing with respect to the
    remaining seventy five percent (75%) of the Shares, the
    undersigned will not, directly or indirectly:
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (a)&#160;offer for sale, sell, pledge or otherwise dispose of
    (or enter into any transaction or device that is designed to, or
    could be expected to, result in the disposition by any person at
    any time in the future of) any shares of SearchMedia Holdings
    Limited, an exempted limited company registered or to be
    registered by way of continuation under the laws of the Cayman
    Islands (the &#147;<B><I>Company</I></B>&#148;) or any other
    securities convertible into or exercisable or exchangeable for
    shares of the Company, in each case which are beneficially owned
    <FONT style="white-space: nowrap">and/or</FONT>
    acquired as of the date of this Agreement or underlying any
    security acquired as of the date of this Agreement, or any other
    shares of the Company that may be acquired by the Holder under
    the terms of the Share Exchange Agreement (collectively, the
    &#147;<B><I>Shares</I></B>&#148;), including, without
    limitation, Shares that may be deemed to be beneficially owned
    by the undersigned in accordance with the rules and regulations
    of the U.S.&#160;Securities and Exchange Commission and Shares
    that may be issued upon exercise of any options or warrants, or
    securities convertible into or exercisable or exchangeable for
    Shares;
</DIV>
<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV><DIV style="font-size: 1pt; margin-left: 0%; width: 13%; align: left; border-bottom: 1pt solid #000000"></DIV><DIV style="margin-top: 3pt; font-size: 1pt">&nbsp;</DIV>
<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <SUP style="font-size: 85%; vertical-align: top">3</SUP>&#160;This

    form of
    <FONT style="white-space: nowrap">lock-up</FONT>
    applies to China Seed Ventures, Deutsche Bank, Vervain Equity
    Investment Limited, Sun Hing Associates Ltd. and Linden
    Ventures, provided that with respect to Section&#160;2,
    (i)&#160;Linden Ventures will only be subject to a six
    (6)&#160;month
    <FONT style="white-space: nowrap">lock-up</FONT>
    period and (ii) (A)&#160;with respect to Shares acquired by
    China Seed Ventures in exchange for SM Warrants, SM Preferred
    Shares or other securities exercisable for, or convertible into,
    SM Ordinary Shares, China Seed Ventures shall be subject to the
    <FONT style="white-space: nowrap">lock-up</FONT>
    period set forth in Section&#160;2 and (B)&#160;with respect to
    Shares acquired by China Seed Ventures in exchange for SM
    Ordinary Shares held by it immediately prior to the Closing, the
    provisions of Section&#160;2 shall apply following the Closing
    and until (x)&#160;the twelve (12)&#160;month anniversary of the
    Closing with respect to ten percent (10%) of such Shares,
    (y)&#160;the eighteen (18)&#160;month anniversary of the Closing
    with respect to fifteen percent (15%) of such Shares and
    (z)&#160;the twenty four (24)&#160;month anniversary of the
    Closing with respect to the remaining seventy five percent (75%)
    of such Shares.
</DIV>

<P align="center" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <BR>
    G-1-1
</DIV><!-- END PAGE WIDTH -->
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<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>

<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->



<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (b)&#160;enter into any swap or other derivatives transaction
    that transfers to another, in whole or in part, any of the
    economic benefits or risks of ownership of Shares, whether any
    such transaction is to be settled by delivery of Shares or other
    securities, in cash or otherwise;&#160;or
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (c)&#160;publicly disclose the intention to do any of the
    foregoing.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    The restrictions on the actions set forth in clauses&#160;(a)
    through (c)&#160;above shall expire with respect to 25% of the
    Shares on the six (6)&#160;month anniversary of the Closing.
    Furthermore, such restrictions shall not apply to:
    (i)&#160;transfers of Shares as a bona fide gift;
    (ii)&#160;transfers of Shares to any trust, partnership, limited
    liability company or other entity for the direct or indirect
    benefit of the undersigned or the immediate family of the
    undersigned; (iii)&#160;transfers of Shares to any beneficiary
    of the undersigned pursuant to a will, trust instrument or other
    testamentary document or applicable laws of descent;
    (iv)&#160;transfers of Shares to the Company by way of
    repurchase or redemption; (v)&#160;transfers of Shares to any
    Affiliate of the undersigned; (vi)&#160;transfers of Shares by
    the undersigned that are in compliance with applicable federal
    and state securities laws; or (vii)&#160;transfer of Shares by
    the undersigned pursuant to an underwritten secondary offering
    provided that, in the case of any transfer or distribution
    pursuant to clause (i), (ii), (iii), (v)&#160;or
    (vi)&#160;above, each donee, distributee or transferee shall
    sign and deliver to the Company, prior to such transfer, a
    <FONT style="white-space: nowrap">lock-up</FONT>
    agreement substantially in the form of this Agreement. For
    purposes of this Agreement, &#147;immediate family&#148; shall
    mean any relationship by blood, marriage, domestic partnership
    or adoption, not more remote than first cousin.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    3.&#160;<I>Follow-On Offering</I>. After the six (6)&#160;month
    anniversary of the Closing and until the one (1)&#160;year
    anniversary of the Closing, the restrictions set forth in
    Section&#160;2 in respect of 75% of the Shares may be released
    with respect to some or all of the Shares, upon the consent of
    the members of the Board of Directors of the Company designated
    by the Ideation Representative, in connection with a follow-on
    public offering of registered securities on
    <FONT style="white-space: nowrap">Form&#160;F-3</FONT>
    or other short-form registration statement.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    4.&#160;<I>Right to Decline Transfer</I>. The Company and its
    transfer agent on its behalf are hereby authorized (a)&#160;to
    decline to register any transfer of securities if such transfer
    would constitute a violation or breach of this Agreement and
    (b)&#160;to imprint on any certificate representing Shares a
    legend describing the restrictions contained herein.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    5.&#160;<I>Notices. </I>Unless otherwise provided herein, all
    notices, requests, waivers and other communications made
    pursuant to this Agreement will be in writing and will be given
    in accordance with the notice provisions of the Share Exchange
    Agreement, provided that the address for notices to the Holder
    shall be as set forth on the signature page hereto.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    6.&#160;<I>Counterparts</I>. This Agreement may be executed in
    facsimile and in any number of counterparts, each of which when
    so executed and delivered shall be deemed an original, but all
    of which shall together constitute one and the same agreement.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    7.&#160;<I>Severability</I>. If any provision of this Agreement
    is held to be invalid or unenforceable for any reason, such
    provision will be conformed to prevailing law rather than
    voided, if possible, in order to achieve the intent of the
    parties and, in any event, the remaining provisions of this
    Agreement shall remain in full force and effect and shall be
    binding upon the parties hereto.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    8.&#160;<I>Amendment</I>. This Agreement may be amended or
    modified by written agreement executed by the undersigned and
    the Company.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    9.&#160;<I>Further Assurances</I>. Each party shall do and
    perform, or cause to be done and performed, all such further
    acts and things, and shall execute and deliver all such other
    agreements, certificates, instruments and documents, as any
    other party may reasonably request in order to carry out the
    intent and accomplish the purposes of this Agreement and the
    consummation of the transactions contemplated hereby.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    10.&#160;<I>Governing Law</I>. The terms and provisions of this
    Agreement shall be construed in accordance with the laws of the
    State of New York.
</DIV>

<P align="center" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <BR>
    G-1-2
</DIV><!-- END PAGE WIDTH -->
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<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>

<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    IN WITNESS WHEREOF, the undersigned has caused this Agreement to
    be duly executed as of the date first indicated above.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 49%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <B>HOLDER:</B>
</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="49%"></TD>
    <TD width="6%"></TD>
    <TD width="45%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    By:&#160;&#160;
</TD>
    <TD valign="bottom" align="left">
    <DIV style="font-size: 2pt; margin-left: 0%; width: 100%;  align: left; border-bottom: 1pt solid #000000"></DIV><!-- callerid=115 iwidth=205 length=0 -->
</TD>
</TR>

</TABLE>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="49%"></TD>
    <TD width="13%"></TD>
    <TD width="38%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    Print Name:&#160;&#160;
</TD>
    <TD valign="bottom" align="left">
    <DIV style="font-size: 2pt; margin-left: 0%; width: 100%;  align: left; border-bottom: 1pt solid #000000"></DIV><!-- callerid=115 iwidth=170 length=0 -->
</TD>
</TR>

</TABLE>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="49%"></TD>
    <TD width="26%"></TD>
    <TD width="25%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    Print Title (if applicable):&#160;&#160;
</TD>
    <TD valign="bottom" align="left">
    <DIV style="font-size: 2pt; margin-left: 0%; width: 100%;  align: left; border-bottom: 1pt solid #000000"></DIV><!-- callerid=115 iwidth=114 length=0 -->
</TD>
</TR>

</TABLE>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="49%"></TD>
    <TD width="30%"></TD>
    <TD width="21%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    Name of Entity (if applicable):&#160;&#160;
</TD>
    <TD valign="bottom" align="left">
    <DIV style="font-size: 2pt; margin-left: 0%; width: 100%;  align: left; border-bottom: 1pt solid #000000"></DIV><!-- callerid=115 iwidth=92 length=0 -->
</TD>
</TR>

</TABLE>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="49%"></TD>
    <TD width="10%"></TD>
    <TD width="41%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    Address:&#160;&#160;
</TD>
    <TD valign="bottom" align="left">
    <DIV style="font-size: 2pt; margin-left: 0%; width: 100%;  align: left; border-bottom: 1pt solid #000000"></DIV><!-- callerid=115 iwidth=183 length=0 -->
</TD>
</TR>

</TABLE>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="49%"></TD>
    <TD width="9%"></TD>
    <TD width="42%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;
</TD>
    <TD valign="bottom" align="left">
    <DIV style="font-size: 2pt; margin-left: 0%; width: 100%;  align: left; border-bottom: 1pt solid #000000"></DIV><!-- callerid=115 iwidth=189 length=0 -->
</TD>
</TR>

</TABLE>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="49%"></TD>
    <TD width="7%"></TD>
    <TD width="44%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    Date:&#160;&#160;
</TD>
    <TD valign="bottom" align="left">
    <DIV style="font-size: 2pt; margin-left: 0%; width: 100%;  align: left; border-bottom: 1pt solid #000000"></DIV><!-- callerid=115 iwidth=197 length=0 -->
</TD>
</TR>

</TABLE>

<P align="center" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <BR>
    G-1-3
</DIV><!-- END PAGE WIDTH -->
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<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>

<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->

<DIV align="right" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">Annex
    G-2</FONT></B>
</DIV>



<DIV style="margin-top: 18pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">FORM&#160;OF
    <FONT style="white-space: nowrap">LOCK-UP</FONT>
    AGREEMENT</FONT></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    This <FONT style="white-space: nowrap">Lock-Up</FONT>
    Agreement (this &#147;<B><I>Agreement</I></B>&#148;) is dated as
    of&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;,
    2009 and made by the shareholder set forth on the signature page
    to this Agreement (the &#147;<B><I>Holder</I></B>&#148;). Any
    and all capitalized terms used but not otherwise defined herein
    shall have the meaning ascribed to such terms in the Share
    Exchange Agreement (as defined below).
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    WHEREAS, Ideation Acquisition Corp., a Delaware corporation
    (&#147;<B><I>Ideation</I></B>&#148;) has entered into that
    certain Agreement and Plan of Merger, Conversion and Share
    Exchange, dated March&#160;31, 2009, as amended (the
    <B><I>&#147;Share Exchange Agreement&#148;</I></B>), by and
    among Ideation, ID Arizona Corp., an Arizona corporation and a
    wholly-owned subsidiary of Ideation, SearchMedia International
    Limited, an exempted limited company incorporated under the laws
    of the Cayman Islands (&#147;<B><I>SearchMedia&#148;) and the
    other parties thereto.</I></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    WHEREAS, the execution and delivery of this Agreement by the
    undersigned is a condition to the closing of the Share Exchange
    Agreement.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    NOW THEREFORE, in consideration of the mutual covenants and
    agreements set forth herein, and other good and valuable
    consideration, the receipt and sufficiency of which is hereby
    acknowledged, the parties, intending to be legally bound, agree
    as follows:
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    1.&#160;<I>Representations and Warranties</I>. The undersigned
    hereby represents and warrants that the undersigned has full
    power and authority to enter into this Agreement. This Agreement
    and the terms, covenants, provisions and conditions hereof shall
    be binding upon, and shall inure to the benefit of, the
    respective heirs, successors and assigns of the parties hereto.
</DIV>


<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    2.&#160;<I><FONT style="white-space: nowrap">Lock-Up</FONT></I>.
    Following the Closing, and until the one (1)&#160;year
    anniversary of the Closing with respect to the Shares (as
    defined below), the undersigned will not, directly or
    indirectly:<SUP style="font-size: 85%; vertical-align: top">1</SUP>

</DIV>


<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (a)&#160;offer for sale, sell, pledge or otherwise dispose of
    (or enter into any transaction or device that is designed to, or
    could be expected to, result in the disposition by any person at
    any time in the future of) any shares of SearchMedia Holdings
    Limited, an exempted limited company registered or to be
    registered by way of continuation under the laws of the Cayman
    Islands (the &#147;<B><I>Company</I></B>&#148;) or any other
    securities convertible into or exercisable or exchangeable for
    shares of the Company, in each case which are beneficially owned
    <FONT style="white-space: nowrap">and/or</FONT>
    acquired as of the date of this Agreement or underlying any
    security acquired as of the date of this Agreement, or any other
    shares of the Company that may be acquired by the Holder under
    the terms of the Share Exchange Agreement (collectively, the
    &#147;<B><I>Shares</I></B>&#148;), including, without
    limitation, Shares that may be deemed to be beneficially owned
    by the undersigned in accordance with the rules and regulations
    of the U.S.&#160;Securities and Exchange Commission and Shares
    that may be issued upon exercise of any options or warrants, or
    securities convertible into or exercisable or exchangeable for
    Shares;
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (b)&#160;enter into any swap or other derivatives transaction
    that transfers to another, in whole or in part, any of the
    economic benefits or risks of ownership of Shares, whether any
    such transaction is to be settled by delivery of Shares or other
    securities, in cash or otherwise;&#160;or
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (c)&#160;publicly disclose the intention to do any of the
    foregoing.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV><DIV style="font-size: 1pt; margin-left: 0%; width: 13%; align: left; border-bottom: 1pt solid #000000"></DIV><DIV style="margin-top: 3pt; font-size: 1pt">&nbsp;</DIV>
<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <SUP style="font-size: 85%; vertical-align: top">1</SUP>&#160;This

    form of
    <FONT style="white-space: nowrap">lock-up</FONT>
    applies to SM management shareholders, SM management
    warrantholders and SM appointed directors, provided that, with
    respect to Le Yang and Qinying Liu, the provisions of
    Section&#160;2 shall apply following the Closing and until
    (x)&#160;the twelve (12)&#160;month anniversary of the Closing
    with respect to ten percent (10%) of the Shares, (y)&#160;the
    eighteen (18)&#160;month anniversary of the Closing with respect
    to fifteen percent (15%) of the Shares and (z)&#160;the twenty
    four (24)&#160;month anniversary of the Closing with respect to
    the remaining seventy five percent (75%) of the Shares. Note
    that if Earl Yen is appointed a director of ID Cayman he would
    only need to sign this agreement if he personally held shares in
    ID Cayman rather than through CSV.
</DIV>


<P align="center" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <BR>
    G-2-1
</DIV><!-- END PAGE WIDTH -->
<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>

<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    The restrictions on the actions set forth in clauses&#160;(a)
    through (c)&#160;above shall not apply to: (i)&#160;transfers of
    Shares as a bona fide gift; (ii)&#160;transfers of Shares to any
    trust, partnership, limited liability company or other entity
    for the direct or indirect benefit of the undersigned or the
    immediate family of the undersigned; (iii)&#160;transfers of
    Shares to any beneficiary of the undersigned pursuant to a will,
    trust instrument or other testamentary document or applicable
    laws of descent; (iv)&#160;transfers of Shares to the Company by
    way of repurchase or redemption; (v)&#160;transfers of Shares to
    any Affiliate of the undersigned; or (vi)&#160;transfer of
    Shares by the undersigned pursuant to an underwritten secondary
    offering provided that, in the case of any transfer or
    distribution pursuant to clause (i), (ii), (iii)&#160;or
    (v)&#160;above, each donee, distributee or transferee shall sign
    and deliver to the Company, prior to such transfer, a
    <FONT style="white-space: nowrap">lock-up</FONT>
    agreement substantially in the form of this Agreement. For
    purposes of this Agreement, &#147;immediate family&#148; shall
    mean any relationship by blood, marriage, domestic partnership
    or adoption, not more remote than first cousin.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    3.&#160;<I>Right to Decline Transfer</I>. The Company and its
    transfer agent on its behalf are hereby authorized (a)&#160;to
    decline to register any transfer of securities if such transfer
    would constitute a violation or breach of this Agreement and
    (b)&#160;to imprint on any certificate representing Shares a
    legend describing the restrictions contained herein.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    4.&#160;<I>Notices. </I>Unless otherwise provided herein, all
    notices, requests, waivers and other communications made
    pursuant to this Agreement will be in writing and will be given
    in accordance with the notice provisions of the Share Exchange
    Agreement, provided that the address for notices to the Holder
    shall be as set forth on the signature page hereto.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    5.&#160;<I>Counterparts</I>. This Agreement may be executed in
    facsimile and in any number of counterparts, each of which when
    so executed and delivered shall be deemed an original, but all
    of which shall together constitute one and the same agreement.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    6.&#160;<I>Severability</I>. If any provision of this Agreement
    is held to be invalid or unenforceable for any reason, such
    provision will be conformed to prevailing law rather than
    voided, if possible, in order to achieve the intent of the
    parties and, in any event, the remaining provisions of this
    Agreement shall remain in full force and effect and shall be
    binding upon the parties hereto.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    7.&#160;<I>Amendment</I>. This Agreement may be amended or
    modified by written agreement executed by the undersigned and
    the Company.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    8.&#160;<I>Further Assurances</I>. Each party shall do and
    perform, or cause to be done and performed, all such further
    acts and things, and shall execute and deliver all such other
    agreements, certificates, instruments and documents, as any
    other party may reasonably request in order to carry out the
    intent and accomplish the purposes of this Agreement and the
    consummation of the transactions contemplated hereby.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    9.&#160;<I>Governing Law</I>. The terms and provisions of this
    Agreement shall be construed in accordance with the laws of the
    State of New York.
</DIV>

<P align="center" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <BR>
    G-2-2
</DIV><!-- END PAGE WIDTH -->
<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>

<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    IN WITNESS WHEREOF, the undersigned has caused this Agreement to
    be duly executed as of the date first indicated above.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 49%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <B>HOLDER:</B>
</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="49%"></TD>
    <TD width="6%"></TD>
    <TD width="45%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    By:&#160;&#160;
</TD>
    <TD valign="bottom" align="left">
    <DIV style="font-size: 2pt; margin-left: 0%; width: 100%;  align: left; border-bottom: 1pt solid #000000"></DIV><!-- callerid=115 iwidth=205 length=0 -->
</TD>
</TR>

</TABLE>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="49%"></TD>
    <TD width="13%"></TD>
    <TD width="38%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    Print Name:&#160;&#160;
</TD>
    <TD valign="bottom" align="left">
    <DIV style="font-size: 2pt; margin-left: 0%; width: 100%;  align: left; border-bottom: 1pt solid #000000"></DIV><!-- callerid=115 iwidth=170 length=0 -->
</TD>
</TR>

</TABLE>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="49%"></TD>
    <TD width="26%"></TD>
    <TD width="25%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    Print Title (if applicable):&#160;&#160;
</TD>
    <TD valign="bottom" align="left">
    <DIV style="font-size: 2pt; margin-left: 0%; width: 100%;  align: left; border-bottom: 1pt solid #000000"></DIV><!-- callerid=115 iwidth=114 length=0 -->
</TD>
</TR>

</TABLE>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="49%"></TD>
    <TD width="30%"></TD>
    <TD width="21%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    Name of Entity (if applicable):&#160;&#160;
</TD>
    <TD valign="bottom" align="left">
    <DIV style="font-size: 2pt; margin-left: 0%; width: 100%;  align: left; border-bottom: 1pt solid #000000"></DIV><!-- callerid=115 iwidth=92 length=0 -->
</TD>
</TR>

</TABLE>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="49%"></TD>
    <TD width="10%"></TD>
    <TD width="41%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    Address:&#160;&#160;
</TD>
    <TD valign="bottom" align="left">
    <DIV style="font-size: 2pt; margin-left: 0%; width: 100%;  align: left; border-bottom: 1pt solid #000000"></DIV><!-- callerid=115 iwidth=183 length=0 -->
</TD>
</TR>

</TABLE>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="49%"></TD>
    <TD width="9%"></TD>
    <TD width="42%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;
</TD>
    <TD valign="bottom" align="left">
    <DIV style="font-size: 2pt; margin-left: 0%; width: 100%;  align: left; border-bottom: 1pt solid #000000"></DIV><!-- callerid=115 iwidth=189 length=0 -->
</TD>
</TR>

</TABLE>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="49%"></TD>
    <TD width="7%"></TD>
    <TD width="44%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    Date:&#160;&#160;
</TD>
    <TD valign="bottom" align="left">
    <DIV style="font-size: 2pt; margin-left: 0%; width: 100%;  align: left; border-bottom: 1pt solid #000000"></DIV><!-- callerid=115 iwidth=197 length=0 -->
</TD>
</TR>

</TABLE>



<P align="center" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <BR>
    G-2-3
</DIV><!-- END PAGE WIDTH -->
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<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>

<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="right" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">Annex
    H</FONT></B>
</DIV>

<DIV style="margin-top: 18pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><U><FONT style="font-family: 'Times New Roman', Times">FORM&#160;OF
    REGISTRATION RIGHTS AGREEMENT</FONT></U></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    This Registration Rights Agreement (the
    &#147;<U>Agreement</U>&#148;) is dated as of
    [&#160;&#149;&#160;], 2009, by and among SearchMedia Holdings
    Limited, a company with limited liability organized under the
    laws of the Cayman Islands, or its successors (the
    &#147;<U>Company</U>&#148; or &#147;<U>ID Cayman</U>&#148;), and
    the shareholders of the Company listed on Schedule&#160;A of
    this Agreement. Each of the shareholders listed on
    Schedule&#160;A is sometimes referred to herein as a
    &#147;<U>Shareholder</U>&#148;, and collectively as the
    &#147;<U>Shareholders</U>&#148;.
</DIV>

<DIV style="margin-top: 18pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><U><FONT style="font-family: 'Times New Roman', Times">RECITALS</FONT></U></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    WHEREAS, the Company has entered into an Agreement and Plan of
    Merger, Conversion and Share Exchange which contemplates the
    (i)&#160;merger of Ideation Acquisition Corp. into its wholly
    owned Arizona subsidiary (&#147;<U>ID Arizona</U>&#148;)
    pursuant to Section&#160;253 of the General Corporate Law of the
    State of Delaware and
    <FONT style="white-space: nowrap">Section&#160;10-1104</FONT>
    of the Arizona Revised Statutes, (ii)&#160;the subsequent
    conversion of ID Arizona into a Cayman Islands company by a
    transfer of domicile pursuant to
    <FONT style="white-space: nowrap">Section&#160;10-226</FONT>
    of the Arizona Revised Statutes, (iii)&#160;the registration and
    continuation of ID Arizona as a Cayman Islands company pursuant
    to Section&#160;221 of the Cayman Companies Law, and
    (iv)&#160;the acquisition by ID Cayman of the operations and
    business of SearchMedia International Limited, a limited company
    incorporated in the Cayman Islands, by way of a share exchange
    (collectively, the &#147;<U>Business Combination</U>&#148;).
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    WHEREAS, the Company and the Shareholders desire to enter into
    this Agreement in order to, among other things, reflect the
    registration rights to be provided to the Shareholders in
    connection with the shares of ID Cayman and warrants to purchase
    shares of ID Cayman to be issued to the Shareholders in
    connection with the Business Combination and the other
    transactions contemplated in connection therewith.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    NOW, THEREFORE, in consideration of the mutual promises and
    covenants and agreements set forth herein, the Company and the
    Shareholders hereby agree as follows:
</DIV>

<DIV style="margin-top: 18pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><U><FONT style="font-family: 'Times New Roman', Times">AGREEMENT</FONT></U></B>
</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

<TR>
    <TD width="3%"></TD>
    <TD width="97%"></TD>
</TR>

<TR valign="top">
    <TD>
    <FONT style="font-family: 'Times New Roman', Times">1.&#160;&#160;
    </FONT>
</TD>
    <TD>
    <I><U><FONT style="font-family: 'Times New Roman', Times">Registration
    Rights.</FONT></U></I>
</TD>
</TR>

</TABLE>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    1.1&#160;&#160;<I><U>Definitions.</U>&#160;&#160;</I>For
    purposes of this Section&#160;1:
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (a)&#160;<I><U>Adverse Disclosure</U>.</I>&#160;&#160;The term
    <I>&#147;<U>Adverse Disclosure</U>&#148;</I> means public
    disclosure of material non-public information, which disclosure
    in the good faith judgment of the board of directors of the
    Company after consultation with counsel to the Company
    (i)&#160;would be required to be made in any Registration
    Statement (as defined in subsection 1.1(i)) so that such
    Registration Statement would not be materially misleading,
    (ii)&#160;would not be required to be made at such time but for
    the filing of such Registration Statement and (iii)&#160;the
    Company has a bona fide business purpose for not disclosing
    publicly.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (b)&#160;<I><U>Business Day</U>.</I>&#160;&#160;The term
    <I>&#147;<U>Business Day</U>&#148;</I> means a day, excluding a
    Saturday, Sunday, legal holiday or other day on which banks are
    required to be closed in the PRC, Hong Kong or New York.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (c)&#160;<I><U>Demand Notice</U>.</I>&#160;&#160;The term
    <I>&#147;<U>Demand Notice</U>&#148;</I> means a written notice
    executed by Holders of more than 50% of the Registrable
    Securities Then Outstanding (as defined in subsection 1.1(k)
    below) (the &#147;<U>Requesting Holders</U>&#148;).
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (d)&#160;<I><U>Effective Date</U>.</I>&#160;&#160;The term
    <I>&#147;<U>Effective Date</U>&#148;</I> means with respect to
    any Registration Statement the earlier of (i)&#160;the one
    hundred twentieth (120th) day following the Filing Date (as
    defined below) or (ii)&#160;in the event the Registration
    Statement receives a &#147;full review&#148; by the SEC, the one
    hundred fiftieth (150th) day following the Filing Date or
    (iii)&#160;the date which is within three Business Days after
    the date on which the SEC informs the Company the (x)&#160;the
    SEC will not review a Registration Statement or (y)&#160;the
    Company may request the acceleration of the effectiveness of a
    Registration Statement and the
</DIV>

<P align="center" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <BR>
    H-1
</DIV><!-- END PAGE WIDTH -->
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<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Company makes such request; <U>provided</U>, that, in any event
    (i), (ii)&#160;or (iii), if the Effective Date falls on a
    Saturday, Sunday or any other day that is a legal holiday or a
    day on which the SEC is authorized or required by law or other
    government action to close, the Effective Date shall be the
    following Business Day.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (e)&#160;<I><U>Filing Date</U>.</I>&#160;&#160;The term
    <I>&#147;<U>Filing Date</U>&#148;</I> means the sixtieth
    (60<SUP style="font-size: 85%; vertical-align: top">th</SUP>)

    day following the delivery date of a Demand Notice or such later
    date as specified in the Demand Notice or as agreed by the
    Requesting Holders; <U>provided</U>, that, if the Filing Date
    falls on a Saturday, Sunday or any other day that is a legal
    holiday or a day on which the SEC is authorized or required by
    law or other government action to close, the Filing Date shall
    be the following Business Day.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (f)&#160;<I><U>Holder</U>.</I>&#160;&#160;For purposes of this
    Section&#160;1 and Section&#160;2 hereof, the term
    &#147;<U>Holder</U>&#148; or &#147;<U>Holders</U>&#148; means
    any Person or Persons owning of record Registrable Securities
    (as defined in subsection 1.1(k) below) or any assignee of
    record of such Registrable Securities to whom rights under this
    Section&#160;1 have been duly assigned in accordance with this
    Agreement; <U>provided</U>, <U>however</U>, that for purposes of
    this Agreement, a record holder of securities convertible into
    such Registrable Securities shall be deemed to be the Holder of
    such Registrable Securities.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (g)&#160;<I><U>New Warrants</U>.</I>&#160;&#160;The term
    <I>&#147;New Warrants&#148;</I> means (i)&#160;the warrants to
    acquire Ordinary Shares to be issued to China Seed Ventures,
    L.P. as a result of the Business Combination, (ii)&#160;the
    warrants to acquire Ordinary Shares to be issued to Deutsche
    Bank AG, Hong Kong Branch, as a result of the Business
    Combination, and (iii)&#160;the warrants to acquire Ordinary
    Shares to be issued to Linden Ventures&#160;II (BVI) Ltd. as a
    result of the Business Combination.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (h)&#160;<I><U>Ordinary Shares</U>.</I>&#160;&#160;The term
    <I>&#147;Ordinary Shares&#148;</I> refers to the ordinary
    shares, par value US$0.0001 per share, in the capital of ID
    Cayman.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (i)&#160;<I><U>Registration</U>.</I>&#160;&#160;The terms
    <I>&#147;<U>register</U>,&#148;
    &#147;<U>registered</U>,&#148;</I> and
    <I>&#147;<U>registration</U>&#148;</I> refer to a registration
    effected by preparing and filing a Registration Statement in
    compliance with the Securities Act, and the declaration or
    ordering of effectiveness of such Registration Statement.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (j)&#160;<I><U>Registration Statement</U>.</I>&#160;&#160;A
    <I>&#147;<U>Registration Statement</U>&#148;</I> is any
    registration statement filed pursuant to Section&#160;1.2 of
    this Agreement.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (k)&#160;<I><U>Registrable Securities</U>.</I>&#160;&#160;The
    term <I>&#147;<U>Registrable Securities</U>&#148;</I> means:
    (i)&#160;any and all Ordinary Shares beneficially owned by the
    Shareholders as a result of the Business Combination,
    (ii)&#160;any Ordinary Shares issued as (or issuable upon the
    conversion or exercise of any warrant, right or other security
    which is issued as) a dividend or other distribution with
    respect to, in exchange for or in replacement of, all such
    Ordinary Shares described in clause&#160;(i) of this subsection
    (k), (iii)&#160;any Ordinary Shares issued or issuable to the
    Shareholders pursuant to the New Warrants and (iv)&#160;any
    Ordinary Shares issued or issuable to a Shareholder upon the
    conversion of any preferred shares of the Company issued to such
    Shareholder in connection with the Business Combination;
    <U>provided</U>, <U>however</U>, that Registrable Securities
    shall cease to be Registrable Securities upon the earlier of
    (i)&#160;when, with respect to any Holder of Registrable
    Securities, in the reasonable opinion of counsel to the Company,
    all Registrable Securities proposed to be sold by such Holder
    may then be sold pursuant to Rule&#160;144 without any
    limitations and (ii)&#160;the date as of which all of the
    Registrable Securities have been sold pursuant to a Registration
    Statement, <U>provided</U>, <U>further</U>, that
    &#147;Registrable Securities&#148; shall exclude in all cases
    any Registrable Securities transferred by a Holder of
    Registrable Securities or any other Person in a transaction
    other than an assignment pursuant to Section&#160;2.11.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (l)&#160;<I><U>Registrable Securities Then
    Outstanding</U>.</I>&#160;&#160;The term <I>&#147;<U>Registrable
    Securities Then Outstanding</U>&#148;</I> means the number of
    Ordinary Shares of the Company that are Registrable Securities
    and are then issued and outstanding or would be outstanding
    assuming full conversion of all securities, warrants or other
    rights which are, directly or indirectly, convertible,
    exercisable or exchangeable into or for Registrable Securities.
</DIV>

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    <BR>
    H-2
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<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (m)&#160;<I><U>Rule&#160;415</U>.&#160;&#160;</I>The term
    <I>&#147;<U>Rule&#160;415</U>&#148;</I> means Rule&#160;415
    promulgated by the SEC pursuant to the Securities Act, as such
    Rule may be amended from time to time, or any similar rule or
    regulation hereafter adopted by the SEC having substantially the
    same effect as such Rule.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (n)&#160;<I><U>Securities Act</U>.</I>&#160;&#160;The term
    <I>&#147;<U>Securities Act</U>&#148;</I> means the Securities
    Act of 1933, as amended.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (o)&#160;<I><U>SEC</U>. The term &#147;<U>SEC</U>&#148;</I>
    means the United States Securities and Exchange Commission.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    1.2&#160;<I><U>Demand Registration</U>.</I>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (a)&#160;<I><U>Registration</U>.</I>&#160;&#160;If a Demand
    Notice is delivered by the Requesting Holders, then on or prior
    to the Filing Date, the Company shall use its commercially
    reasonable efforts to prepare and file with the SEC a
    &#147;resale&#148; Registration Statement providing for the
    resale of all Registrable Securities for an offering to be made
    on a continuous basis pursuant to Rule&#160;415. Such
    Registration Statement shall be on
    <FONT style="white-space: nowrap">Form&#160;F-3</FONT>
    (except if the Company is not then eligible to register the
    Registrable Securities on
    <FONT style="white-space: nowrap">Form&#160;F-3,</FONT>
    such registration shall be on an appropriate form in accordance
    herewith and the Securities Act and the rules promulgated
    thereunder). The Company shall use its commercially reasonable
    efforts to cause such Registration Statement to be declared
    effective under the Securities Act as promptly as possible after
    the filing thereof, but in any event prior to the Effective
    Date, and to keep such Registration Statement continuously
    effective under the Securities Act until such date as is the
    earlier of (x)&#160;the date when all Registrable Securities
    covered by such Registration Statement have been sold or
    (y)&#160;the date on which the Registrable Securities may be
    sold without any restriction pursuant to Rule&#160;144 of the
    Securities Act as determined by the counsel to the Company
    pursuant to a written opinion letter, addressed to the
    Company&#146;s transfer agent to such effect (the
    &#147;<U>Effective Period</U>&#148;). The Company shall request
    that the effective time of any such Registration Statement be no
    later than 5:00&#160;p.m.&#160;Eastern Time on the Effective
    Date.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (b)&#160;In the event that the Company is unable to register all
    of the Registrable Securities for resale under Rule&#160;415 due
    to limits imposed by the SEC&#146;s interpretation of
    Rule&#160;415, the Company will file a Registration Statement
    under the Securities Act with the SEC covering the resale by the
    Holders of such lesser amount of the Registrable Securities as
    the Company is able to register pursuant to the SEC&#146;s
    interpretation of Rule&#160;415 and use its commercially
    reasonable efforts to have such Registration Statement declared
    effective as promptly as possible and, when permitted to do so
    by the SEC, to file subsequent registration statement(s) under
    the Securities Act with the SEC covering the resale of any
    Registrable Securities that were omitted from previous
    registration statement(s) and use its commercially reasonable
    efforts to have such registration declared effective as promptly
    as possible thereafter. In furtherance of the Company&#146;s
    obligations set forth in the preceding sentence, the parties
    agree that in the event that any Holder shall deliver to the
    Company a written notice at any time after the later of
    (x)&#160;the date which is six months after the Effective Date
    of the latest Registration Statement filed pursuant to
    Section&#160;1.2(a) or 1.2(b) hereof, as applicable, or
    (y)&#160;the date on which all Registrable Securities registered
    on all of the prior Registration Statements filed pursuant to
    Section&#160;1.2(a) and 1.2(b) hereof are sold, that the Company
    shall file, within thirty (30)&#160;days following the date of
    receipt of such written notice, an additional Registration
    Statement registering all Registrable Securities that were
    omitted from the initial Registration Statement.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (c)&#160;The Company shall pay all expenses incurred in
    complying with Sections&#160;1.2 and 1.3 hereof (other than
    taxes and underwriting discounts and commissions related to the
    sale of Registrable Securities), including, without limitation,
    all registration and filing fees, printing, duplicating, word
    processing, facsimile and delivery expenses, fees and
    disbursements of counsel for the Company, reasonable fees and
    disbursements of one counsel representing all Holders
    participating in the Registration, &#147;blue sky&#148; fees and
    expenses and the expense of any special audits incident to or
    required by any such registration (but excluding the
    compensation of regular employees of the Company which shall be
    paid in any event by the Company). Notwithstanding the
    foregoing, the Company shall not be required to pay the expenses
    of any registration proceeding begun pursuant to this
    Section&#160;1.2 if the registration request is subsequently
    withdrawn at the request of the Holders of at least 50% of the
    Registrable Securities Then Outstanding to be registered.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (d)&#160;Notwithstanding anything to the contrary contained in
    this Agreement, if the filing, initial effectiveness or
    continued use of the Registration Statement referred to in this
    Section&#160;1.2 at any time would
</DIV>

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    <BR>
    H-3
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<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    require the Company to make an Adverse Disclosure or would
    require the inclusion in such Registration Statement of
    financial statements that are unavailable to the Company for
    reasons beyond the Company&#146;s control, the Company may, upon
    giving prompt written notice of such action to the Holders,
    delay the filing or initial effectiveness of, or suspend use of,
    the Registration Statement; provided, however, that the Company
    shall not be permitted to do so for more than 90 consecutive
    days during any 12&#160;month period. In the event the Company
    exercises its rights under the preceding sentence, the Holders
    agree to suspend, immediately upon their receipt of the notice
    referred to above, their use of the prospectus relating to the
    Registration in connection with any sale or offer to sell
    Registrable Securities. The Company shall immediately notify the
    Holders upon the expiration of any period during which it
    exercised its rights under this Section&#160;1.2(d).
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    1.3&#160;<I><U>Piggyback Registrations</U>.</I>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (a)&#160;If at any time during the Effective Period there is not
    an effective registration statement covering all the Registrable
    Securities and the Company shall determine to file a
    registration statement under the Securities Act for purposes of
    effecting a public offering of securities of the Company
    (including, but not limited to, registration statements relating
    to secondary offerings of securities of the Company, but
    excluding registration statements relating to (i)&#160;any
    employee benefit plan or (ii)&#160;a corporate reorganization,
    merger or acquisition), then the Company shall notify all
    Holders in writing at least thirty (30)&#160;calendar days prior
    to such filing and will afford each such Holder an opportunity
    to include in such registration statement all or any part of the
    Registrable Securities then held by such Holder. Each Holder
    desiring to include in any such registration statement all or
    any part of the Registrable Securities held by such Holder
    shall, within twenty (20)&#160;calendar days after receipt of
    the above-described notice from the Company, so notify the
    Company in writing, and in such notice shall inform the Company
    of the number of Registrable Securities such Holder wishes to
    include in such registration statement. If a Holder decides not
    to include all of its Registrable Securities in any registration
    statement thereafter filed by the Company, such Holder shall
    nevertheless continue to have the right to include its
    Registrable Securities in any subsequent registration statement
    or registration statements as may be filed by the Company with
    respect to offerings of its securities, all upon the terms and
    conditions set forth herein.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (b)&#160;If a registration statement under which the Company
    gives notice under this Section&#160;1.3 is for an underwritten
    offering, then the Company shall so advise the Holders of
    Registrable Securities. In such event, the right of any such
    Holder to include its Registrable Securities in a registration
    pursuant to this Section&#160;1.3 shall be conditioned upon such
    Holder&#146;s participation in such underwriting and the
    inclusion of such Holder&#146;s Registrable Securities in the
    underwriting to the extent provided herein. All Holders
    proposing to distribute their Registrable Securities through
    such underwriting shall enter into an underwriting agreement in
    customary form with the managing underwriter or underwriter(s)
    selected by the Company for such underwriting. Notwithstanding
    any other provision of this Agreement, if the managing
    underwriter(s) determine(s) in good faith that marketing factors
    require a limitation of the number of shares to be underwritten,
    then the managing underwriter(s) may exclude shares (including
    Registrable Securities) from the registration and the
    underwriting, and the number of shares that may be included in
    the registration and the underwriting shall be allocated,
    (i)&#160;with respect to a registration statement initiated by
    the Company for its own account, <U>first</U>, to the Company,
    <U>second</U>, to the Holders of securities who have obtained
    piggy-back registration rights prior to or at the date of this
    Agreement, if any, including the Registrable Securities, as to
    which registration has been requested pursuant to written
    contractual piggy-back registration rights (pro rata in
    accordance with the number of securities which each such Person
    has actually requested to be included in such registration,
    regardless of the number of securities with respect to which
    such Persons have the right to request such inclusion), and
    <U>third</U>, to holders of other securities of the Company,
    provided that the number of shares of Registrable Securities to
    be included in such underwriting and registration shall not be
    reduced unless all shares that are not Registrable Securities
    and are held by any person who is an employee, officer or
    director of the Company or any subsidiary of the Company are
    first entirely excluded from the underwriting and registration;
    and (ii)&#160;with respect to a registration statement initiated
    by the Company for the account of third parties exercising
    demand registration rights, <U>first</U>, to such third parties,
    and <U>second</U>, to each of the Holders requesting inclusion
    of their Registrable Securities in such registration statement
    on a pro rata basis based on the total number of Registrable
    Securities then held by each such Holder. If any Holder
    disapproves of the
</DIV>

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    <BR>
    H-4
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<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    terms of any such underwriting, such Holder may elect to
    withdraw therefrom by written notice to the Company and the
    underwriter, delivered at least ten (10)&#160;Business Days
    prior to the Effective Date of the registration statement. Any
    Registrable Securities excluded or withdrawn from such
    underwriting shall be excluded and withdrawn from the
    registration.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (c)&#160;With respect to a Registration Statement initiated by
    the Company for its own account, the Company shall have the
    right to terminate or withdraw such Registration anytime prior
    to the effectiveness of the Registration Statement, whether or
    not any Holder has elected to participate therein.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (d)&#160;With respect to a registration statement initiated by
    the Company for the account of third parties exercising demand
    registration rights, if the filing, initial effectiveness or
    continued use of the Registration Statement referred to in this
    Section&#160;1.3 at any time would require the Company to make
    an Adverse Disclosure or would require the inclusion in such
    Registration Statement of financial statements that are
    unavailable to the Company for reasons beyond the Company&#146;s
    control, the Company may, upon giving prompt written notice of
    such action to the Holders, delay the filing or initial
    effectiveness of, or suspend use of, the Registration Statement,
    <U>provided</U> that such delay shall be subject to the
    restrictions pursuant to the registration rights agreement
    between the Company and such third parties. In the event the
    Company exercises its rights under the preceding sentence, the
    Holders agree to suspend, immediately upon their receipt of the
    notice referred to above, their use of the prospectus relating
    to the Registration in connection with any sale or offer to sell
    Registrable Securities. The Company shall immediately notify the
    Holders upon the expiration of any period during which it
    exercised its rights under this Section&#160;1.3(d).
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    1.4&#160;<I><U>Obligations of the
    Company</U>.</I>&#160;&#160;Whenever required to effect the
    registration of any Registrable Securities under this Agreement,
    the Company shall, subject to Section&#160;1.2(d) and
    Sections&#160;1.3(c) and 1.3(d), as expeditiously as
    commercially reasonably possible:
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (a)&#160;prepare and file with the SEC a registration statement
    with respect to such Registrable Securities and use its
    commercially reasonable efforts to cause such registration
    statement to become effective, and keep such registration
    statement effective until the end of the Effective Period;
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (b)&#160;prepare and file with the SEC such amendments and
    supplements to such registration statement and the prospectus
    used in connection with such registration statement as may be
    necessary to comply with the provisions of the Securities Act
    with respect to the disposition of all securities covered by
    such registration statement;
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (c)&#160;furnish to the Holders such number of copies of a
    prospectus, including a preliminary prospectus, in conformity
    with the requirements of the Securities Act, and such other
    documents as they may reasonably request in order to facilitate
    the disposition of the Registrable Securities owned by them that
    are included in such registration;
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (d)&#160;use its commercially reasonable efforts to register and
    qualify the securities covered by such registration statement
    under such other securities laws of such jurisdictions as shall
    be reasonably requested by the Holders, provided that the
    Company shall not be required in connection therewith or as a
    condition thereto to qualify to do business or to file a general
    consent to service of process in any such jurisdictions;
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (e)&#160;in the event of any underwritten public offering, enter
    into and perform its obligations under an underwriting
    agreement, in usual and customary form, with the managing
    underwriter(s) of such offering (it being understood and agreed
    that, as a condition to the Company&#146;s obligations under
    this clause (e), each Holder participating in such underwriting
    shall also enter into and perform its obligations under such an
    agreement);
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (f)&#160;make commercially reasonable efforts to notify (at
    least one Business Day in advance) each Holder of Registrable
    Securities covered by such registration statement at any time
    when a prospectus relating thereto is required to be delivered
    under the Securities Act of the happening of any event as a
    result of which the prospectus included in such registration
    statement, as then in effect, includes an untrue statement of a
    material fact or omits to state a material fact required to be
    stated therein or
</DIV>

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    necessary to make the statements therein not misleading in the
    light of the circumstances then existing, and the Company will
    use commercially reasonable efforts to amend or supplement such
    prospectus in order to cause such prospectus not to include any
    untrue statement of a material fact or omit to state a material
    fact required to be stated therein or necessary to make the
    statements therein not misleading in the light of the
    circumstances then existing;
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (g)&#160;furnish, at the request of any Holder requesting
    registration of Registrable Securities, on the date that such
    Registrable Securities are delivered to the underwriters for
    sale, if such securities are being sold through underwriters,
    or, if such securities are not being sold through underwriters,
    on the date that the registration statement with respect to such
    securities becomes effective, (i)&#160;an opinion, dated as of
    such date, of the counsel representing the Company for the
    purposes of such registration, in form and substance as is
    customarily given to underwriters in an underwritten public
    offering and reasonably satisfactory to a majority in interest
    of the Holders of Registrable Securities Then Outstanding
    requesting registration, addressed to the underwriters, if any,
    and to the Holders requesting registration of Registrable
    Securities and (ii)&#160;a &#147;comfort&#148; letter dated as
    of such date, from the independent certified public accountants
    of the Company, in form and substance as is customarily given by
    independent certified public accountants to underwriters in an
    underwritten public offering and reasonably satisfactory to a
    majority in interest of the Holders of Registrable Securities
    Then Outstanding requesting registration, addressed to the
    underwriters, if any, and to the Holders requesting registration
    of Registrable Securities;
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (h)&#160;the Company may require each selling Holder to furnish
    to the Company information regarding such Holder and the
    distribution of such Registrable Securities as is required by
    law to be disclosed in any registration statement, prospectus,
    or any amendment or supplement thereto, and the Company may
    exclude from such registration the Registrable Securities of any
    such Holder who unreasonably fails to furnish such information
    within a reasonable time after receiving such request;&#160;and
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (i)&#160;use its commercially reasonable efforts to list such
    Registrable Securities on each securities exchange on which the
    Ordinary Shares (including American depositary shares
    representing the Ordinary Shares) are then listed.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    1.5&#160;<I><U>Furnish Information</U>.</I>&#160;&#160;It shall
    be a condition precedent to the obligations of the Company to
    take any action pursuant to Sections&#160;1.2 or 1.3 hereof that
    the selling Holders shall furnish to the Company such
    information regarding themselves, the Registrable Securities
    held by them and the intended method of disposition of such
    securities as shall be reasonably required to timely effect the
    registration of their Registrable Securities.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    1.6&#160;<I><U>Review by Counsel</U>.</I>&#160;&#160;In
    connection with the preparation and filing of each Registration
    Statement registering Registrable Securities under the
    Securities Act, each Holder of Registrable Securities and
    counsel for such Holder shall be permitted to review such
    Registration Statement, each prospectus included therein or
    filed with the SEC, and each amendment thereof or supplement
    thereto a reasonable period of time (but not less than 5
    Business Days) prior to their filing with the SEC.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    1.7&#160;<I><U>Delay of Registration</U>.</I>&#160;&#160;No
    Holder shall have any right to obtain or seek an injunction
    restraining or otherwise delaying any such registration as the
    result of any controversy that might arise with respect to the
    interpretation or implementation of this Section&#160;1.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    1.8&#160;<I><U>Indemnification</U>.</I>&#160;&#160;In the event
    any Registrable Securities are included in a registration
    statement under Sections&#160;1.2 or 1.3 hereof:
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (a)&#160;<I><U>By the Company</U>.</I>&#160;&#160;Except as
    prohibited by law, the Company will indemnify and hold harmless
    each Holder, the partners, officers and directors of each
    Holder, any underwriter (as defined in the Securities Act) for
    such Holder and each Person, if any, who controls such Holder or
    underwriter within the meaning of the Securities Act or the
    Securities Exchange Act of 1934, as amended, (the
    &#147;<U>Exchange Act</U>&#148;), against all losses, claims,
    damages, or liabilities (joint or several) to which they may
    become subject under the Securities Act, the Exchange Act or
    other federal or state law, insofar as such losses,
</DIV>

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<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    claims, damages, or liabilities (or actions in respect thereof)
    arise out of or are based upon any of the following statements,
    omissions or violations (collectively a
    &#147;<U>Violation</U>&#148;):
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 8%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (i)&#160;any untrue statement or alleged untrue statement of a
    material fact contained in such registration statement,
    including any preliminary prospectus or final prospectus
    contained therein or any amendments or supplements thereto;
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 8%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (ii)&#160;the omission or alleged omission to state therein a
    material fact required to be stated therein, or necessary to
    make the statements therein not misleading;&#160;or
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 8%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (iii)&#160;any violation or alleged violation by the Company of
    the Securities Act, the Exchange Act, any federal or state
    securities law or any rule or regulation promulgated under the
    Securities Act, the Exchange Act or any federal or state
    securities law in connection with the offering covered by such
    registration statement; and the Company will reimburse each such
    Holder, partner, officer or director, underwriter or controlling
    Person for any legal or other expenses reasonably incurred by
    them in connection with defending any such loss, claim, damage,
    liability or action; <U>provided</U>, <U>however</U>, that the
    indemnity agreement contained in this subsection 1.8(a) shall
    not apply to amounts paid in settlement of any such loss, claim,
    damage, liability or action if such settlement is effected
    without the consent of the Company (which consent shall not be
    unreasonably withheld), nor shall the Company be liable in any
    such case for any such loss, claim, damage, liability or action
    to the extent that it arises out of or is based upon a Violation
    which occurs in reliance upon and in conformity with written
    information furnished expressly for use in connection with such
    registration by such Holder, partner, officer, director,
    underwriter or controlling Person of such Holder.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (b)&#160;<I><U>By Selling Holders</U>.</I>&#160;&#160;Each
    selling Holder will (severally and not jointly) indemnify and
    hold harmless the Company, to the full extent permitted by law,
    each of its directors, each of its officers who have signed the
    registration statement, each Person, if any, who controls the
    Company within the meaning of the Securities Act, any
    underwriter and any other Holder selling securities under such
    registration statement or any of such other Holder&#146;s
    partners, directors or officers or any Person who controls such
    Holder within the meaning of the Securities Act or the Exchange
    Act, against all losses, claims, damages or liabilities (joint
    or several) to which the Company or any such director, officer,
    controlling Person, underwriter or such other Holder, partner or
    director, officer or controlling Person of such other Holder may
    become subject under the Securities Act, the Exchange Act or
    other federal or state law, insofar as such losses, claims,
    damages or liabilities (or actions in respect thereto) arise out
    of or are based upon any Violation, in each case to the extent
    (and only to the extent) that such Violation occurs in reliance
    upon and in conformity with written information furnished by
    such Holder under an instrument duly executed by such Holder and
    stated to be expressly for use in connection with such
    registration; and each such Holder will reimburse any legal or
    other expenses reasonably incurred by the Company or any such
    director, officer, controlling Person, underwriter or other
    Holder, partner, officer, director or controlling Person of such
    other Holder in connection with defending any such loss, claim,
    damage, liability or action; <U>provided</U>, <U>however</U>,
    that the indemnity agreement contained in this subsection 1.8(b)
    shall not apply to amounts paid in settlement of any such loss,
    claim, damage, liability or action if such settlement is
    effected without the consent of the Holder, which consent shall
    not be unreasonably withheld; and provided further, that the
    total amounts payable in indemnity by a Holder under this
    Section&#160;1.8(b) in respect of any Violation shall not exceed
    the net proceeds received by such Holder in the registered
    offering out of which such Violation arises.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (c)&#160;<I><U>Notice</U>.</I>&#160;&#160;Promptly after receipt
    by an indemnified party under this Section&#160;1.8 of notice of
    the commencement of any action (including any governmental
    action), such indemnified party will, if a claim in respect
    thereof is to be made against any indemnifying party under this
    Section&#160;1.8, deliver to the indemnifying party a written
    notice of the commencement thereof and the indemnifying party
    shall have the right to participate in, and, to the extent the
    indemnifying party so desires, jointly with any other
    indemnifying party similarly noticed, to assume the defense
    thereof with counsel mutually satisfactory to the parties;
    <U>provided</U>, <U>however</U>, that an indemnified party shall
    have the right to retain its own counsel, with the fees and
    expenses to be paid by the indemnifying party, if representation
    of such indemnified
</DIV>

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    party by the counsel retained by the indemnifying party would be
    inappropriate due to actual or potential conflict of interests
    between such indemnified party and any other party represented
    by such counsel in such proceeding. The failure to deliver
    written notice to the indemnifying party within a reasonable
    time of the commencement of any such action, if prejudicial to
    its ability to defend such action, shall relieve such
    indemnifying party of any liability to the indemnified party
    under this Section&#160;1.8.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (d)&#160;<I><U>Contribution</U>.</I>&#160;&#160;If the
    indemnification provided for in this Section&#160;1.8 is held by
    a court of competent jurisdiction to be unavailable to an
    indemnified party with respect to any losses, claims, damages or
    liabilities referred to herein, the indemnifying party, in lieu
    of indemnifying such indemnified party thereunder, shall to the
    extent permitted by applicable law contribute to the amount paid
    or payable by such indemnified party as a result of such loss,
    claim, damage or liability in such proportion as is appropriate
    to reflect the relative fault of the indemnifying party on the
    one hand and of the indemnified party on the other in connection
    with the Violation(s) that resulted in such loss, claim, damage
    or liability, as well as any other relevant equitable
    considerations. The relative fault of the indemnifying party and
    of the indemnified party shall be determined by a court of law
    by reference to, among other things, whether the untrue or
    alleged untrue statement of a material fact or the omission to
    state a material fact relates to information supplied by the
    indemnifying party or by the indemnified party and the
    parties&#146; relative intent, knowledge, access to information
    and opportunity to correct or prevent such statement or
    omission; provided, that in no event shall any contribution by a
    Holder hereunder exceed the net proceeds from the offering
    received by such Holder.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (e)&#160;<I><U>Survival</U>.</I>&#160;&#160;The obligations of
    the Company and Holders under this Section&#160;1.8 shall
    survive the completion of any offering of Registrable Securities
    in a registration statement, and otherwise.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    1.9&#160;<I><U>Rule&#160;144 Reporting</U>.</I>&#160;&#160;With
    a view to making available the benefits of certain rules and
    regulations of the SEC which may at any time permit the sale of
    the Registrable Securities to the public without registration,
    after such time as a public market exists for the Ordinary
    Shares, the Company agrees to use its commercially reasonable
    efforts to:
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (a)&#160;make and keep public information available, as those
    terms are understood and defined in Rule&#160;144 under the
    Securities Act, at all times after the effective date of the
    first registration under the Securities Act filed by the Company
    for an offering of its securities to the general public;
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (b)&#160;file with the SEC in a timely manner all reports and
    other documents required of the Company under the Securities Act
    and the Exchange Act (at any time after it has become subject to
    such reporting requirements);&#160;and
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (c)&#160;as long as a Holder owns Registrable Securities, to
    furnish to the Holder forthwith upon request a written statement
    by the Company as to its compliance with the reporting
    requirements of said Rule&#160;144 (at any time after ninety
    (90)&#160;days after the effective date of the first
    registration statement filed by the Company for an offering of
    its securities to the general public), and of the Securities Act
    and the Exchange Act (at any time after it has become subject to
    the reporting requirements of the Exchange Act), a copy of the
    most recent periodic report of the Company and such other
    reports and documents of the Company as a Holder may reasonably
    request in availing itself of any rule or regulation of the SEC
    allowing a Holder to sell any such securities without
    registration (at any time after the Company has become subject
    to the reporting requirements of the Exchange Act).
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    1.10&#160;<I><U>Termination of the Company&#146;s
    Obligations</U>.</I>&#160;&#160;The Company shall have no
    obligations pursuant to Sections&#160;1.2 or 1.3 with respect to
    any securities that have ceased to be Registrable Securities in
    accordance with this Agreement. Notwithstanding anything to the
    contrary contained in this Agreement, the Company&#146;s
    obligations under Section&#160;1.2 and 1.3 with respect to any
    Registrable Securities proposed to be sold by a Holder in a
    registration statement pursuant to Section&#160;1.2 or 1.3 shall
    terminate on the fifth anniversary of the closing of the
    Business Combination.
</DIV>

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<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

<TR>
    <TD width="3%"></TD>
    <TD width="97%"></TD>
</TR>

<TR valign="top">
    <TD>
    <FONT style="font-family: 'Times New Roman', Times">2.&#160;&#160;
    </FONT>
</TD>
    <TD>
    <I><U><FONT style="font-family: 'Times New Roman', Times">General
    Provisions</FONT></U><FONT style="font-family: 'Times New Roman', Times">.</FONT></I>
</TD>
</TR>

</TABLE>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    2.1&#160;<I><U>Notices</U>.</I>&#160;&#160;All notices,
    requests, waivers and other communications made pursuant to this
    Agreement will be in writing, at the addresses set forth on the
    signature pages hereto (or at such other address for a party as
    shall be specified in writing to all other parties), and will be
    conclusively deemed to have been duly given (i)&#160;when hand
    delivered to the recipient party; (ii)&#160;upon receipt, when
    sent by facsimile with written confirmation of transmission; or
    (iii)&#160;the next Business Day after deposit with a national
    overnight delivery service, postage prepaid, with next Business
    Day delivery guaranteed. Each Person making a communication
    hereunder by facsimile will promptly confirm by telephone to the
    Person to whom such communication was addressed each
    communication made by it by facsimile pursuant hereto. In
    addition to delivery of notice to a party, copies of such notice
    shall be provided as follows:
</DIV>

<DIV style="margin-top: 18pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">[INSERT
    ADDRESS]</FONT></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    2.2&#160;<I><U>Entire Agreement; Third-Party
    Beneficiaries</U>.</I>&#160;&#160;This Agreement, together with
    the Share Exchange Agreement and all other Exhibits, Annexes and
    Schedules thereto (a)&#160;constitute the entire agreement, and
    supersede all prior agreements and understandings, both written
    and oral, among the Parties with respect to the Transactions and
    (b)&#160;are not intended to confer upon any Person other than
    the Parties any rights or remedies. This Agreement shall
    supersede and replace the provisions of any other agreement
    entered into prior to the date hereof between the Company,
    SearchMedia International Limited, or any of their respective
    predecessors or affiliates and any Shareholder relating to the
    grant or exercise of registration rights.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    2.3&#160;<I><U>Governing Law</U>.</I>&#160;&#160;This Agreement
    shall be governed by, and construed in accordance with, the laws
    of the State of New York regardless of the laws that might
    otherwise govern under applicable principles of conflicts of
    laws thereof.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    2.4&#160;<I><U>Dispute Resolution</U>.</I>&#160;&#160;Any
    controversy or claim arising out of or relating to this
    Agreement, or the breach thereof, shall be determined by
    arbitration administered by the International Centre for Dispute
    Resolution in accordance with its International Arbitration
    Rules. The number of arbitrators shall be three. The place of
    arbitration shall be New York City, New York, United States of
    America. The language of the arbitration shall be English.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    2.5&#160;<I><U>Severability</U>.</I>&#160;&#160;If any term or
    other provision of this Agreement is invalid, illegal or
    incapable of being enforced by any rule or Law, or public
    policy, all other conditions and provisions of this Agreement
    shall nevertheless remain in full force and effect so long as
    the economic or legal substance of the transactions contemplated
    by this Agreement is not affected in any manner materially
    adverse to any party. Upon such determination that any term or
    other provision is invalid, illegal or incapable of being
    enforced, the parties shall negotiate in good faith to modify
    this Agreement so as to effect the original intent of the
    parties as closely as possible in an acceptable manner to the
    end that the transactions contemplated by this Agreement are
    fulfilled to the extent possible.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    2.6&#160;<I><U>Successors and
    Assigns</U>.</I>&#160;&#160;Subject to Section&#160;2.11, the
    provisions of this Agreement shall inure to the benefit of, and
    shall be binding upon, the successors and permitted assigns of
    the parties hereto.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    2.7&#160;<I><U>Interpretation</U>.</I>&#160;&#160;Unless the
    express context otherwise requires:
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (a)&#160;The headings contained in this Agreement are intended
    solely for convenience and shall not affect the rights of the
    parties to this Agreement;
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (b)&#160;the words &#147;hereof,&#148; &#147;herein,&#148; and
    &#147;hereunder&#148; and words of similar import, when used in
    this Agreement, shall refer to this Agreement as a whole and not
    to any particular provision of this Agreement;
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (c)&#160;terms defined in the singular shall have a comparable
    meaning when used in the plural, and vice versa;
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (d)&#160;the terms &#147;Dollars&#148; and &#147;$&#148; mean
    United States Dollars;
</DIV>

<P align="center" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <BR>
    H-9
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<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (e)&#160;references herein to a specific Section, Subsection,
    Schedule, Annex or Exhibit shall refer, respectively, to
    Sections, Subsections, the Schedules, Annexes or Exhibits of
    this Agreement;
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (f)&#160;wherever the word &#147;include,&#148;
    &#147;includes,&#148; or &#147;including&#148; is used in this
    Agreement, it shall be deemed to be followed by the words
    &#147;without limitation&#148;;
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (g)&#160;references herein to any gender shall include each
    other gender;
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (h)&#160;references herein to any Person shall include such
    Person&#146;s heirs, executors, personal representatives,
    administrators, successors and assigns; <U>provided</U>,
    <U>however</U>, that nothing contained in this clause&#160;(h)
    is intended to authorize any assignment or transfer not
    otherwise permitted by this Agreement;
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (i)&#160;references herein to a Person in a particular capacity
    or capacities shall exclude such Person in any other capacity;
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (j)&#160;references herein to any contract or agreement
    (including this Agreement) mean such contract or agreement as
    amended, supplemented or modified from time to time in
    accordance with the terms thereof;
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (k)&#160;references herein to any Law or any license mean such
    Law or license as amended, modified, codified, reenacted,
    supplemented or superseded in whole or in part, and in effect
    from time to time;&#160;and
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (l)&#160;references herein to any Law shall be deemed also to
    refer to all rules and regulations promulgated thereunder.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    2.8&#160;<I><U>Counterparts; Facsimile
    Execution</U>.</I>&#160;&#160;This Agreement may be executed in
    one or more counterparts, all of which shall be considered one
    and the same agreement and shall become effective when one or
    more counterparts have been signed by each of the parties and
    delivered to the other parties. Facsimile execution and delivery
    of this Agreement is legal, valid and binding for all purposes.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    2.9&#160;<I><U>Adjustments for Stock Splits and Certain Other
    Changes</U>.</I>&#160;&#160;Wherever in this Agreement there is
    a reference to a specific number of shares of the Company, then,
    upon the occurrence of any subdivision, combination or stock
    dividend of such class or series of stock, the specific number
    of shares so referenced in this Agreement shall automatically be
    proportionally adjusted to reflect the affect on the outstanding
    shares of such class or series of stock by such subdivision,
    combination or stock dividend.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    2.10&#160;<I><U>Aggregation of Stock</U>.</I>&#160;&#160;All
    shares deemed to be &#147;beneficially owned&#148; (as such term
    is defined under
    <FONT style="white-space: nowrap">Rule&#160;13d-3</FONT>
    of the Exchange Act) by any entity or Person, shall be
    aggregated together for the purpose of determining the
    availability of any rights under this Agreement.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    2.11&#160;<I><U>Assignment</U>.</I>&#160;&#160;Notwithstanding
    anything herein to the contrary, the rights of a Shareholder or
    any other Holder herein may be assigned only to (i)&#160;a party
    who acquires (on an as-if converted basis) Registrable
    Securities representing at least 10% of the total number of
    issued and outstanding Ordinary Shares or (ii)&#160;a direct or
    indirect stockholder, partner, member, beneficiary or Affiliate
    (as such term is defined in the Securities Act) of a
    Shareholder; <U>provided</U>, <U>however</U>, that no party may
    be assigned any of the foregoing rights unless the Company is
    given written notice by the assigning party at the time of such
    assignment stating the name, address and tax identification
    number of the assignee and identifying the securities of the
    Company as to which the rights in question are being assigned;
    and provided further that any such assignee (a)&#160;shall
    receive such assigned rights subject to all the terms and
    conditions of this Agreement, including without limitation the
    provisions of this Section&#160;2, and (b)&#160;is not a direct
    or indirect competitor of the Company as determined in good
    faith by the Company&#146;s board of directors.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    2.12&#160;<I><U>Amendment of Rights</U>.</I>&#160;&#160;Any
    provision of this Agreement may be amended and the observance
    thereof may be waived (either generally or in a particular
    instance and either retroactively or prospectively) only with
    the written consent of the Company and Holders of at least 75%
    of the Registrable Securities Then Outstanding; provided that
    any amendment that disproportionately affects any Holder
    vis-&#224;-vis any other Holder shall require the consent of
    such affected Holder. Any amendment or waiver effected in
    accordance with this Section&#160;2.11 shall be binding upon
    each Holder, each permitted successor or assignee of such Holder
    and the Company.
</DIV>

<P align="center" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <BR>
    H-10
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<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    2.13&#160;<I><U>Termination</U>.</I>&#160;&#160;This Agreement
    shall terminate in the event the Business Combination is not
    consummated or the Share Exchange Agreement is terminated.
</DIV>

<P align="center" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <BR>
    H-11
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<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    IN WITNESS WHEREOF, the parties hereto have executed this
    Agreement as of the date and year first above written.
</DIV>

<DIV style="margin-top: 24pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 49%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <B>SearchMedia Holdings Limited</B>
</DIV>

<DIV style="margin-top: 24pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 49%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    By:&#160;<FONT style="word-spacing: 100pt; white-space: nowrap; font-size: 1pt; color: #000000"><U>&#173;
    &#173;</U></FONT><!-- callerid=128 iwidth=229 length=0 -->
</DIV>

<DIV align="left" style="margin-left: 49%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Name:&#160;<FONT style="word-spacing: 100pt; white-space: nowrap; font-size: 1pt; color: #000000"><U>&#173;
    &#173;</U></FONT><!-- callerid=128 iwidth=229 length=0 -->
</DIV>

<DIV align="left" style="margin-left: 49%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Title:&#160;<FONT style="word-spacing: 100pt; white-space: nowrap; font-size: 1pt; color: #000000"><U>&#173;
    &#173;</U></FONT><!-- callerid=128 iwidth=229 length=0 -->
</DIV>

<DIV style="margin-top: 48pt; font-size: 1pt">&nbsp;</DIV>

<DIV style="margin-top: 18pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <FONT style="font-family: 'Times New Roman', Times">[REMAINDER
    OF PAGE&#160;INTENTIONALLY LEFT BLANK<BR>
    SIGNATURE PAGE&#160;FOR THE SHAREHOLDERS FOLLOWS]
    </FONT>
</DIV>

<P align="center" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <BR>
    H-12
</DIV><!-- END PAGE WIDTH -->
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<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    IN WITNESS WHEREOF, the parties hereto have executed this
    Agreement as of the date and year first above written.
</DIV>

<DIV style="margin-top: 24pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 49%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <B>Deutsche Bank AG, Hong Kong Branch</B>
</DIV>

<DIV style="margin-top: 24pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 49%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <B>By:&#160;<FONT style="word-spacing: 100pt; white-space: nowrap; font-size: 1pt; color: #000000"><U>&#173;
    &#173;</U></FONT><!-- callerid=128 iwidth=229 length=0 --></B>
</DIV>

<DIV align="left" style="margin-left: 49%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <B>Name:&#160;<FONT style="word-spacing: 100pt; white-space: nowrap; font-size: 1pt; color: #000000"><U>&#173;
    &#173;</U></FONT><!-- callerid=128 iwidth=229 length=0 --></B>
</DIV>

<DIV align="left" style="margin-left: 49%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <B>Title:&#160;<FONT style="word-spacing: 100pt; white-space: nowrap; font-size: 1pt; color: #000000"><U>&#173;
    &#173;</U></FONT><!-- callerid=128 iwidth=229 length=0 --></B>
</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Mailing Address:
</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    56/F Cheung Kong Center
</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    2 Queen&#146;s Road, Central
</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Hong Kong
</DIV>

<P align="center" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <BR>
    H-13
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<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->

<DIV align="left" style="margin-left: 49%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <B>China Seed Ventures Management Limited</B>
</DIV>

<DIV align="left" style="margin-left: 49%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    as general partner for and on behalf of
</DIV>

<DIV align="left" style="margin-left: 49%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <B>China Seed Ventures, L.P.</B>
</DIV>

<DIV style="margin-top: 24pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 49%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <B>By:&#160;<FONT style="word-spacing: 100pt; white-space: nowrap; font-size: 1pt; color: #000000"><U>&#173;
    &#173;</U></FONT><!-- callerid=128 iwidth=229 length=0 --></B>
</DIV>

<DIV align="left" style="margin-left: 49%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <B>Name:&#160;<FONT style="word-spacing: 100pt; white-space: nowrap; font-size: 1pt; color: #000000"><U>&#173;
    &#173;</U></FONT><!-- callerid=128 iwidth=229 length=0 --></B>
</DIV>

<DIV align="left" style="margin-left: 49%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <B>Title:&#160;<FONT style="word-spacing: 100pt; white-space: nowrap; font-size: 1pt; color: #000000"><U>&#173;
    &#173;</U></FONT><!-- callerid=128 iwidth=229 length=0 --></B>
</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Mailing Address:
</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Rm.104, Bldg.18
</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    No.&#160;800 Huashan Road
</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Shanghai, 200050, China
</DIV>

<P align="center" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <BR>
    H-14
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<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->

<DIV align="left" style="margin-left: 49%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <B>Gentfull Investment Limited</B>
</DIV>

<DIV style="margin-top: 24pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 49%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <B>By:&#160;<FONT style="word-spacing: 100pt; white-space: nowrap; font-size: 1pt; color: #000000"><U>&#173;
    &#173;</U></FONT><!-- callerid=128 iwidth=229 length=0 --></B>
</DIV>

<DIV align="left" style="margin-left: 49%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <B>Name:&#160;<FONT style="word-spacing: 100pt; white-space: nowrap; font-size: 1pt; color: #000000"><U>&#173;
    &#173;</U></FONT><!-- callerid=128 iwidth=229 length=0 --></B>
</DIV>

<DIV align="left" style="margin-left: 49%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <B>Title:&#160;<FONT style="word-spacing: 100pt; white-space: nowrap; font-size: 1pt; color: #000000"><U>&#173;
    &#173;</U></FONT><!-- callerid=128 iwidth=229 length=0 --></B>
</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Mailing Address:
</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    9th Floor, Central Building
</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    3 Pedder Street, Central
</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Hong Kong
</DIV>

<DIV style="margin-top: 24pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 49%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <B>Gavast Estates Limited</B>
</DIV>

<DIV style="margin-top: 24pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 49%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <B>By:&#160;<FONT style="word-spacing: 100pt; white-space: nowrap; font-size: 1pt; color: #000000"><U>&#173;
    &#173;</U></FONT><!-- callerid=128 iwidth=229 length=0 --></B>
</DIV>

<DIV align="left" style="margin-left: 49%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <B>Name:&#160;<FONT style="word-spacing: 100pt; white-space: nowrap; font-size: 1pt; color: #000000"><U>&#173;
    &#173;</U></FONT><!-- callerid=128 iwidth=229 length=0 --></B>
</DIV>

<DIV align="left" style="margin-left: 49%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <B>Title:&#160;<FONT style="word-spacing: 100pt; white-space: nowrap; font-size: 1pt; color: #000000"><U>&#173;
    &#173;</U></FONT><!-- callerid=128 iwidth=229 length=0 --></B>
</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Mailing Address:
</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    9th Floor, Central Building
</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    3 Pedder Street, Central
</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Hong Kong
</DIV>

<P align="center" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <BR>
    H-15
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<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->

<DIV align="left" style="margin-left: 49%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <B>Linden Ventures&#160;II (BVI) Ltd.</B>
</DIV>

<DIV style="margin-top: 24pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 49%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <B>By:&#160;<FONT style="word-spacing: 100pt; white-space: nowrap; font-size: 1pt; color: #000000"><U>&#173;
    &#173;</U></FONT><!-- callerid=128 iwidth=229 length=0 --></B>
</DIV>

<DIV align="left" style="margin-left: 49%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <B>Name:&#160;<FONT style="word-spacing: 100pt; white-space: nowrap; font-size: 1pt; color: #000000"><U>&#173;
    &#173;</U></FONT><!-- callerid=128 iwidth=229 length=0 --></B>
</DIV>

<DIV align="left" style="margin-left: 49%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <B>Title:&#160;<FONT style="word-spacing: 100pt; white-space: nowrap; font-size: 1pt; color: #000000"><U>&#173;
    &#173;</U></FONT><!-- callerid=128 iwidth=229 length=0 --></B>
</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Mailing Address:
</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <FONT style="white-space: nowrap">c/o&#160;Linden</FONT>
    Advisors
</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    590 Madison Avenue, 15th Floor
</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    New York, New York 10022
</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    United States of America
</DIV>

<P align="center" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <BR>
    H-16
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<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->

<DIV align="center" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><U><FONT style="font-family: 'Times New Roman', Times">SCHEDULE&#160;A</FONT></U></B>
</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <U>List of Shareholders</U>
</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Deutsche Bank AG, Hong Kong Branch
</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Gentfull Investment Limited
</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Gavast Estates Limited
</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    China Seed Ventures, L.P.
</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Linden Ventures&#160;II (BVI)
</DIV>

<P align="center" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <BR>
    H-17
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<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->

<DIV align="right" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">Annex
    I</FONT></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">SEARCHMEDIA
    HOLDINGS LIMITED<BR>
    </FONT></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">AMENDED
    AND RESTATED 2008 SHARE INCENTIVE PLAN</FONT></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">PREAMBLE</FONT></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    SearchMedia International Limited originally established the
    2008&#160;Share Incentive Plan, effective January&#160;1, 2008.
    In connection with certain transactions (the &#147;Merger&#148;)
    pursuant to Plan of Merger, Conversion and Share Exchange
    between SearchMedia International Limited and SearchMedia
    Holdings Limited (as well as other parties), SearchMedia
    International Limited has become a wholly owned subsidiary of
    SearchMedia Holdings Limited. In connection with the Merger,
    SearchMedia Holdings Limited, subject to and effective only upon
    the approval of its shareholders, hereby assumes, amends and
    restates the 2008&#160;Share Incentive Plan as follows.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <FONT style="font-family: 'Times New Roman', Times">ARTICLE&#160;1<BR>
    </FONT>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <FONT style="font-family: 'Times New Roman', Times">PURPOSE
    </FONT>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    The purpose of this 2008 Amended and Restated Share Incentive
    Plan (the &#147;<U>Plan</U>&#148;) is to promote the success and
    enhance the value of SearchMedia Holdings Limited, a company
    incorporated under the laws of the Cayman Islands (the
    &#147;<U>Company</U>&#148;) by linking the personal interests of
    the members of the Board, Employees, and Consultants to those of
    the Company&#146;s shareholders and by providing such
    individuals with an incentive for outstanding performance to
    generate superior returns to Company shareholders. The Plan is
    further intended to provide flexibility to the Company in its
    ability to motivate, attract, and retain the services of members
    of the Board, Employees, and Consultants upon whose judgment,
    interest, and special effort the successful conduct of the
    Company&#146;s operation is largely dependent.
</DIV>

<DIV style="margin-top: 18pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <FONT style="font-family: 'Times New Roman', Times">ARTICLE&#160;2<BR>
    </FONT>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <FONT style="font-family: 'Times New Roman', Times">DEFINITIONS
    AND CONSTRUCTION
    </FONT>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Wherever the following terms are used in the Plan, they shall
    have the meanings specified below, unless the context clearly
    indicates otherwise. The singular pronoun shall include the
    plural where the context so indicates.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    2.1&#160;<I>&#147;<U>Applicable Laws</U>&#148;</I> means
    (i)&#160;the laws of the Cayman Islands as they relate to the
    Company and its Shares; (ii)&#160;the legal requirements
    relating to the Plan and the Awards under applicable provisions
    of the corporate, securities, tax and other laws, rules,
    regulations and government orders; and (iii)&#160;the rules of
    any applicable stock exchange or national market system, of any
    jurisdiction applicable to Awards granted to residents therein.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    2.2&#160;<I>&#147;<U>Article</U>&#148;</I> means an article of
    this Plan.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    2.3&#160;<I>&#147;<U>Award</U>&#148;</I> means an Option,
    Restricted Share or Restricted Share Units award granted to a
    Participant pursuant to the Plan.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    2.4&#160;<I>&#147;<U>Award Agreement</U>&#148;</I> means any
    written agreement, contract, or other instrument or document
    evidencing an Award, including through electronic medium.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    2.5&#160;<I>&#147;<U>Board</U>&#148;</I> means the Board of
    Directors of the Company from time to time.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    2.6&#160;<I>&#147;<U>Change in Control</U>&#148;</I> means, as
    applicable, a change in ownership or control of the Company
    effected through either of the following transactions:
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (a)&#160;Prior to the date of the effectiveness of the
    Company&#146;s first registration statement on
    <FONT style="white-space: nowrap">Form&#160;F-1</FONT>
    filed with the U.S.&#160;Securities and Exchange Commission (the
    &#147;<U>SEC</U>&#148;), the direct or indirect acquisition by
    any person or related group of persons (other than an
    acquisition from or by the Company) of beneficial ownership
    (within the meaning of
    <FONT style="white-space: nowrap">Rule&#160;13d-3</FONT>
    under the Exchange Act) of securities possessing
</DIV>

<P align="center" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <BR>
    I-1
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<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    more than seventy-five percent (75%) of the total combined
    voting power of the Company&#146;s outstanding
    securities;&#160;or
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (b)&#160;After the date of the effectiveness of the
    Company&#146;s first registration statement on
    <FONT style="white-space: nowrap">Form&#160;F-1</FONT>
    filed with the SEC,
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (i)&#160;The direct or indirect acquisition by any person or
    related group of persons (other than an acquisition from or by
    the Company) of beneficial ownership (within the meaning of
    <FONT style="white-space: nowrap">Rule&#160;13d-3</FONT>
    under the Exchange Act) of securities possessing more than fifty
    percent (50%) of the total combined voting power of the
    Company&#146;s outstanding securities pursuant to a tender or
    exchange offer made directly to the Company&#146;s shareholders
    which a majority of the Incumbent Board (as defined below) who
    are not affiliates or associates of the offeror under
    <FONT style="white-space: nowrap">Rule&#160;12b-2</FONT>
    promulgated under the Exchange Act do not recommend such
    shareholders accept;&#160;or
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (ii)&#160;The individuals, who are members of the Board as of
    the date of the effectiveness of the Company&#146;s first
    registration statement on
    <FONT style="white-space: nowrap">Form&#160;F-1</FONT>
    filed with the SEC (the &#147;Incumbent Board&#148;), cease for
    any reason to constitute at least fifty percent (50%) of the
    Board; provided that if the election, or nomination for election
    by the Company&#146;s shareholders, of any new member of the
    Board is approved by a vote of at least fifty percent (50%) of
    the Incumbent Board, such new member of the Board shall be
    considered as a member of the Incumbent Board.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    2.7&#160;<I>&#147;<U>Code</U>&#148;</I> means the Internal
    Revenue Code of 1986 of the United States, as amended.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    2.8&#160;<I>&#147;<U>Committee</U>&#148;</I> means the committee
    of the Board described in Article&#160;9.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    2.9&#160;<I>&#147;<U>Consultant</U>&#148;</I> means any
    consultant or adviser if: (a)&#160;the consultant or adviser
    renders bona fide services to a Service Recipient; (b)&#160;the
    services rendered by the consultant or adviser are not in
    connection with the offer or sale of securities in a
    capital-raising transaction and do not directly or indirectly
    promote or maintain a market for the Company&#146;s securities;
    and (c)&#160;the consultant or adviser is a natural person who
    has contracted directly with the Service Recipient to render
    such services.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    2.10&#160;<I>&#147;<U>Corporate Transaction</U>&#148;</I> means
    any of the following transactions:
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (a)&#160;an amalgamation, arrangement or consolidation or scheme
    of arrangement (i)&#160;in which the Company is not the
    surviving entity, except for a transaction the principal purpose
    of which is to change the jurisdiction in which the Company is
    incorporated, or (ii)&#160;following which the holders of the
    voting securities of the Company do not continue to hold more
    than fifty percent (50%) of the combined voting power of the
    voting securities of the surviving entity;
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (b)&#160;the sale, transfer or other disposition of all or
    substantially all of the assets of the Company;&#160;or
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (c)&#160;the completion of a voluntary or insolvent liquidation
    or dissolution of the Company.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    2.11&#160;<I>&#147;<U>Disability</U>&#148;</I> means that the
    Participant qualifies to receive long-term disability payments
    under the Service Recipient&#146;s long-term disability
    insurance program, as it may be amended from time to time, to
    which the Participant provides services regardless of whether
    the Participant is covered by such policy. If the Service
    Recipient to which the Participant provides service does not
    have a long-term disability plan in place,
    &#147;Disability&#148; means that a Participant is unable to
    carry out the responsibilities and functions of the position
    held by the Participant by reason of any medically determinable
    physical or mental impairment for a period of not less than
    ninety (90)&#160;consecutive days. A Participant will not be
    considered to have incurred a Disability unless he or she
    furnishes proof of such impairment sufficient to satisfy the
    Committee in its discretion.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    2.12&#160;<I>&#147;<U>Effective Date</U>&#148;</I> shall have
    the meaning set forth in Section&#160;10.1.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    2.13&#160;<I>&#147;<U>Employee</U>&#148;</I> means any person,
    including an officer or member of the Board of the Company, any
    Parent or Subsidiary of the Company, who is in the employ of a
    Service Recipient, subject to the control and direction of the
    Service Recipient as to both the work to be performed and the
    manner and method of performance. The payment of a
    director&#146;s fee by a Service Recipient shall not be
    sufficient to constitute &#147;employment&#148; by the Service
    Recipient.
</DIV>

<P align="center" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <BR>
    I-2
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<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    2.14&#160;<I>&#147;<U>Exchange Act</U>&#148;</I> means the
    Securities Exchange Act of 1934 of the United States, as amended.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    2.15&#160;<I>&#147;<U>Fair Market Value</U>&#148;</I> means, as
    of any date, the value of Shares determined as follows:
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (a)&#160;If the Shares are listed on one or more established and
    regulated stock exchanges or national market systems, its Fair
    Market Value shall be the closing sales price for such shares
    (or the closing bid, if no sales were reported) as quoted on the
    principal exchange or system on which the Shares are listed (as
    determined by the Committee) on the date of determination (or,
    if no closing sales price or closing bid was reported on that
    date, as applicable, on the last trading date such closing sales
    price or closing bid was reported), as reported in <I>The Wall
    Street Journal </I>or such other source as the Committee deems
    reliable;
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (b)&#160;If the Shares are regularly quoted on an automated
    quotation system or by a recognized securities dealer, its Fair
    Market Value shall be the closing sales price for such shares as
    quoted on such system or by such securities dealer on the date
    of determination, but if selling prices are not reported, the
    Fair Market Value of a Share shall be the mean between the high
    bid and low asked prices for the Shares on the date of
    determination (or, if no such prices were reported on that date,
    on the last date such prices were reported), as reported in
    <I>The Wall Street Journal </I>or such other source as the
    Committee deems reliable;&#160;or
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (c)&#160;In the absence of an established market for the Shares
    of the type described in (a)&#160;and (b), above, the Fair
    Market Value thereof shall be determined by the Committee in
    good faith and in its discretion by reference to (i)&#160;the
    placing price of the latest private placement of the Shares and
    the development of the Company&#146;s business operations and
    the general economic and market conditions since such latest
    private placement, (ii)&#160;other third party transactions
    involving the Shares and the development of the Company&#146;s
    business operation and the general economic and market
    conditions since such sale, (iii)&#160;an independent valuation
    of the Shares, or (iv)&#160;such other methodologies or
    information as the Committee determines to be indicative of Fair
    Market Value, relevant.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    2.16&#160;<I>&#147;<U>Incentive Share Option</U>&#148;</I> means
    an Option that is intended to meet the requirements of
    Section&#160;422 of the Code or any successor provision thereto.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    2.17&#160;<I>&#147;<U>Independent Director</U>&#148;</I> means a
    member of the Board who is not an Employee of the Company.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    2.18&#160;<I>&#147;<U>Non-Employee Director</U>&#148;</I> means
    a member of the Board who qualifies as a &#147;Non-Employee
    Director&#148; as defined in
    <FONT style="white-space: nowrap">Rule&#160;16b-3(b)(3)</FONT>
    under the Exchange Act, or any successor definition adopted by
    the Board.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    2.19&#160;<I>&#147;<U>Non-Qualified Share Option</U>&#148;</I>
    means an Option that is not intended to be an Incentive Share
    Option.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    2.20&#160;<I>&#147;<U>Option</U>&#148;</I> means a right granted
    to a Participant pursuant to Article&#160;5 of the Plan to
    purchase a specified number of Shares at a specified price
    during specified time periods. An Option may be either an
    Incentive Share Option or a Non-Qualified Share Option.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    2.21&#160;<I>&#147;<U>Participant</U>&#148;</I> means a person
    who, as a member of the Board, Consultant or Employee, has been
    granted an Award pursuant to the Plan.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    2.22&#160;<I>&#147;<U>Parent</U>&#148;</I> means a parent
    corporation under Section&#160;424(e) of the Code.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    2.23&#160;<I>&#147;<U>Plan</U>&#148;</I> means this Amended and
    Restated 2008&#160;Share Incentive Award Plan, as it may be
    amended from time to time.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    2.24&#160;<I>&#147;<U>Related Entity</U>&#148;</I> means any
    business, corporation, partnership, limited liability company or
    other entity in which the Company, a Parent or Subsidiary of the
    Company holds a substantial ownership interest, directly or
    indirectly but which is not a Subsidiary and which the Board
    designates as a Related Entity for purposes of the Plan.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    2.25&#160;<I>&#147;<U>Restricted Share</U>&#148;</I> means a
    Share awarded to a Participant pursuant to Article&#160;6 that
    is subject to certain restrictions and may be subject to risk of
    forfeiture.
</DIV>

<P align="center" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <BR>
    I-3
</DIV><!-- END PAGE WIDTH -->
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<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    2.26&#160;<I>&#147;<U>Restricted Share Unit</U>&#148;</I> means
    the right granted to a Participant pursuant to Article&#160;6 to
    receive a Share at a future date.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    2.27&#160;<I>&#147;<U>Securities Act</U>&#148;</I> means the
    Securities Act of 1933 of the United States, as amended.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    2.28&#160;<I>&#147;<U>Service Recipient</U>&#148;</I> means the
    Company, any Parent or Subsidiary of the Company and any Related
    Entity to which a Participant provides services as an Employee,
    Consultant or as a Director.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    2.29&#160;<I>&#147;<U>Share</U>&#148;</I> means a share of the
    Company, and such other securities of the Company that may be
    substituted for Shares pursuant to Article&#160;8.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    2.30&#160;<I>&#147;<U>Subsidiary</U>&#148;</I> means any
    corporation or other entity of which a majority of the
    outstanding voting shares or voting power is beneficially owned
    directly or indirectly by the Company.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    2.31&#160;<I>&#147;<U>Trading Date</U>&#148;</I> means the
    closing of the first sale to the general public of the Shares
    pursuant to an effective registration statement under Applicable
    Law, which results in the Shares being publicly traded on one or
    more established stock exchanges or national market systems.
</DIV>

<DIV style="margin-top: 18pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <FONT style="font-family: 'Times New Roman', Times">ARTICLE&#160;3<BR>
    </FONT>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <FONT style="font-family: 'Times New Roman', Times">SHARES
    SUBJECT TO THE PLAN
    </FONT>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    3.1&#160;<I><U>Number of Shares.</U></I>
</DIV>


<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (a)&#160;Subject to the provisions of Article&#160;8 and
    Section&#160;3.1(b), the aggregate number of Shares which may be
    issued or transferred pursuant to Awards under the Plan is
    1,796,452.
</DIV>


<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (b)&#160;To the extent that an Award terminates, expires, or
    lapses for any reason, any Shares subject to the Award shall
    again be available for the grant of an Award pursuant to the
    Plan. To the extent permitted by Applicable Laws, Shares issued
    in assumption of, or in substitution for, any outstanding awards
    of any entity acquired in any form or combination by the Company
    or any Parent or Subsidiary of the Company shall not be counted
    against Shares available for grant pursuant to the Plan. Shares
    delivered by the Participant or withheld by the Company upon the
    exercise of any Award under the Plan, in payment of the exercise
    price thereof or tax withholding thereon, may again be optioned,
    granted or awarded hereunder, subject to the limitations of
    Section&#160;3.1(a). If any Restricted Shares are forfeited by
    the Participant or repurchased by the Company, such Shares may
    again be optioned, granted or awarded hereunder, subject to the
    limitations of Section&#160;3.1(a). Notwithstanding the
    provisions of this Section&#160;3.1(b), no Shares may again be
    optioned, granted or awarded if such action would cause an
    Incentive Share Option to fail to qualify as an incentive share
    option under Section&#160;422 of the Code.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    3.2&#160;<I><U>Shares Distributed.</U></I>&#160;&#160;Any Shares
    issued pursuant to an Award may consist, in whole or in part, of
    authorized and unissued Shares, treasury Shares (subject to
    Applicable Laws) or Shares purchased on the open market.
    Additionally, in the discretion of the Committee, American
    Depository Shares in an amount equal to the number of Shares
    which otherwise would be distributed pursuant to an Award may be
    distributed in lieu of Shares in settlement of any Award. If the
    number of Shares represented by an American Depository Share is
    other than on a one-to-one basis, the limitations of
    Section&#160;3.1 shall be adjusted to reflect the distribution
    of American Depository Shares in lieu of Shares.
</DIV>

<DIV style="margin-top: 18pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <FONT style="font-family: 'Times New Roman', Times">ARTICLE&#160;4<BR>
    </FONT>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <FONT style="font-family: 'Times New Roman', Times">ELIGIBILITY
    AND PARTICIPATION
    </FONT>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    4.1&#160;<I><U>Eligibility.</U></I>&#160;&#160;Persons eligible
    to participate in this Plan include Employees, Consultants, and
    all members of the Board, as determined by the Committee.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    4.2&#160;<I><U>Participation.</U></I>&#160;&#160;Subject to the
    provisions of the Plan, the Committee may, from time to time,
    select from among all eligible individuals, those to whom Awards
    shall be granted and shall determine the nature and amount of
    each Award. No individual shall have any right to be granted an
    Award pursuant to this Plan.
</DIV>

<P align="center" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <BR>
    I-4
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<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    4.3&#160;<I><U>Jurisdictions.</U></I>&#160;&#160;In order to
    assure the viability of Awards granted to Participants employed
    in various jurisdictions, the Committee may provide for such
    special terms as it may consider necessary or appropriate to
    accommodate differences in local law, tax policy, or custom
    applicable in the jurisdiction in which the Participant resides
    or is employed. Moreover, the Committee may approve such
    supplements to, or amendments, restatements, or alternative
    versions of, the Plan as it may consider necessary or
    appropriate for such purposes without thereby affecting the
    terms of the Plan as in effect for any other purpose;
    <I>provided, however</I>, that no such supplements, amendments,
    restatements, or alternative versions shall increase the share
    limitations contained in Section&#160;3.1 of the Plan.
    Notwithstanding the foregoing, the Committee may not take any
    actions hereunder, and no Awards shall be granted, that would
    violate any Applicable Laws.
</DIV>

<DIV style="margin-top: 18pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <FONT style="font-family: 'Times New Roman', Times">ARTICLE&#160;5<BR>
    </FONT>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <FONT style="font-family: 'Times New Roman', Times">OPTIONS
    </FONT>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    5.1&#160;<I><U>General.</U></I>&#160;&#160;The Committee is
    authorized to grant Options to Participants on the following
    terms and conditions:
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (a)&#160;<I><U>Exercise Price.</U></I>&#160;&#160;The exercise
    price per Share subject to an Option shall be determined by the
    Committee and set forth in the Award Agreement which may be a
    fixed or variable price related to the Fair Market Value of the
    Shares; <I>provided</I>, <I>however</I>, that no Option may be
    granted to an individual subject to taxation in the United
    States at less than the Fair Market Value on the date of grant,
    without the Participant&#146;s consent. The exercise price per
    Share subject to an Option may be amended or adjusted in the
    absolute discretion of the Committee, the determination of which
    shall be final, binding and conclusive. For the avoidance of
    doubt, to the extent not prohibited by Applicable Laws or any
    exchange rule, a re-pricing of Options mentioned in the
    preceding sentence shall be effective without the approval of
    the Company&#146;s shareholders or the approval of the
    Participants. Notwithstanding the foregoing, the exercise price
    per Share subject to an Option shall not be increased without
    the approval of the affected Participants.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (b)&#160;<I><U>Time and Conditions of
    Exercise.</U></I>&#160;&#160;The Committee shall determine the
    time or times at which an Option may be exercised in whole or in
    part, including exercise prior to vesting; <I>provided </I>that
    the term of any Option granted under the Plan shall not exceed
    ten years, except as provided in Section&#160;11.1. The
    Committee shall also determine any conditions, if any, that must
    be satisfied before all or part of an Option may be exercised.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (c)&#160;<I><U>Payment.</U></I>&#160;&#160;The Committee shall
    determine the methods by which the exercise price of an Option
    may be paid, the form of payment, including, without limitation
    (i)&#160;cash or check denominated in a currency determined by
    the Committee, and subject to Applicable Law, (ii)&#160;Shares
    held for such period of time as may be required by the Committee
    in order to avoid adverse financial accounting consequences and
    having a Fair Market Value on the date of delivery equal to the
    aggregate exercise price of the Option or exercised portion
    thereof, (v)&#160;after the Trading Date the delivery of a
    notice that the Participant has placed a market sell order with
    a broker with respect to Shares then issuable upon exercise of
    the Option, and that the broker has been directed to pay a
    sufficient portion of the net proceeds of the sale to the
    Company in satisfaction of the Option exercise price;
    <I>provided </I>that payment of such proceeds is then made to
    the Company upon settlement of such sale, (vi)&#160;other
    property acceptable to the Committee with a Fair Market Value
    equal to the exercise price, or (vii)&#160;any combination of
    the foregoing. Notwithstanding any other provision of the Plan
    to the contrary, no Participant shall be permitted to pay the
    exercise price of an Option in any method which would violate
    Applicable Law.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (d)&#160;<I><U>Evidence of Grant.</U></I>&#160;&#160;All Options
    shall be evidenced by an Award Agreement between the Company and
    the Participant. The Award Agreement shall include such
    additional provisions as may be specified by the Committee.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    5.2&#160;<I><U>Incentive Share
    Options.</U></I>&#160;&#160;Incentive Share Options may be
    granted to Employees of the Company, a Parent or Subsidiary of
    the Company. Incentive Share Options may not be granted to
    Employees of a Related
</DIV>

<P align="center" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <BR>
    I-5
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<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Entity or to Independent Directors or Consultants. The terms of
    any Incentive Share Options granted pursuant to the Plan, in
    addition to the requirements of Section&#160;5.1, must comply
    with the following additional provisions of this
    Section&#160;5.2:
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (a)&#160;<I><U>Expiration of Option.</U></I>&#160;&#160;An
    Incentive Share Option may not be exercised to any extent by
    anyone after the first to occur of the following events:
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 8%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (i)&#160;Ten years from the date it is granted, unless an
    earlier time is set in the Award Agreement;
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 8%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (ii)&#160;90&#160;days after the Participant&#146;s termination
    of employment as an Employee (save in the case of termination on
    account of Disability or death or for cause);&#160;and
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 8%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (iii)&#160;One year after the date of the Participant&#146;s
    termination of employment or service on account of Disability or
    death. Upon the Participant&#146;s Disability or death, any
    Incentive Share Options exercisable at the Participant&#146;s
    Disability or death may be exercised by the Participant&#146;s
    legal representative or representatives, by the person or
    persons entitled to do so pursuant to the Participant&#146;s
    last will and testament, or, if the Participant fails to make
    testamentary disposition of such Incentive Share Option or dies
    intestate, by the person or persons entitled to receive the
    Incentive Share Option pursuant to the applicable laws of
    descent and distribution.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (b)&#160;<I><U>Individual Dollar
    Limitation.</U></I>&#160;&#160;The aggregate Fair Market Value
    (determined as of the time the Option is granted) of all Shares
    with respect to which Incentive Share Options are first
    exercisable by a Participant in any calendar year may not exceed
    U.S.$100,000 or such other limitation as imposed by
    Section&#160;422(d) of the Code, or any successor provision. To
    the extent that Incentive Share Options are first exercisable by
    a Participant in excess of such limitation, the excess shall be
    considered Non-Qualified Share Options.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (c)&#160;<I><U>Ten Percent&#160;Owners.</U></I>&#160;&#160;An
    Incentive Share Option shall be granted to any individual who,
    at the date of grant, owns Shares possessing more than ten
    percent of the total combined voting power of all classes of
    shares of the Company only if such Option is granted at a price
    that is not less than 110% of Fair Market Value on the date of
    grant and the Option is exercisable for no more than five years
    from the date of grant.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (d)&#160;<I><U>Transfer Restriction.</U></I>&#160;&#160;The
    Participant shall give the Company prompt notice of any
    disposition of Shares acquired by exercise of an Incentive Share
    Option within (i)&#160;two years from the date of grant of such
    Incentive Share Option or (ii)&#160;one year after the transfer
    of such Shares to the Participant.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (e)&#160;<I><U>Expiration of Incentive Share
    Options.</U></I>&#160;&#160;No Award of an Incentive Share
    Option may be made pursuant to this Plan after the tenth
    anniversary of the Effective Date.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (f)&#160;<I><U>Right to Exercise.</U></I>&#160;&#160;During a
    Participant&#146;s lifetime, an Incentive Share Option may be
    exercised only by the Participant.
</DIV>

<DIV style="margin-top: 18pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <FONT style="font-family: 'Times New Roman', Times">ARTICLE&#160;6<BR>
    </FONT>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <FONT style="font-family: 'Times New Roman', Times">RESTRICTED
    SHARES AND RESTRICTED SHARE UNITS
    </FONT>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    6.1&#160;<I><U>Grant of Restricted
    Shares.</U></I>&#160;&#160;The Committee is authorized to make
    Awards of Restricted Shares
    <FONT style="white-space: nowrap">and/or</FONT>
    Restricted Share Units to any Participant selected by the
    Committee in such amounts and subject to such terms and
    conditions as determined by the Committee. All Awards of
    Restricted Shares shall be evidenced by an Award Agreement.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    6.2&#160;<I><U>Issuance and
    Restrictions.</U></I>&#160;&#160;Restricted Shares shall be
    subject to such restrictions on transferability and other
    restrictions as the Committee may impose (including, without
    limitation, limitations on the right to vote Restricted Shares
    or the right to receive dividends on the Restricted Share).
    These restrictions may lapse separately or in combination at
    such times, pursuant to such circumstances, in such
    installments, or otherwise, as the Committee determines at the
    time of the grant of the Award or thereafter.
</DIV>

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    <BR>
    I-6
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<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    6.3&#160;<I><U>Forfeiture/Repurchase.</U></I>&#160;&#160;Except
    as otherwise determined by the Committee at the time of the
    grant of the Award or thereafter, upon termination of employment
    or service during the applicable restriction period, Restricted
    Shares that are at that time subject to restrictions shall be
    forfeited or repurchased in accordance with the Award Agreement;
    <I>provided, however</I>, that the Committee may
    (a)&#160;provide in any Restricted Share Award Agreement that
    restrictions or forfeiture and repurchase conditions relating to
    Restricted Shares will be waived in whole or in part in the
    event of terminations resulting from specified causes, and
    (b)&#160;in other cases waive in whole or in part restrictions
    or forfeiture and repurchase conditions relating to Restricted
    Shares.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    6.4&#160;<I><U>Certificates for Restricted
    Shares.</U></I>&#160;&#160;Restricted Shares granted pursuant to
    the Plan may be evidenced in such manner as the Committee shall
    determine. If certificates representing Restricted Shares are
    registered in the name of the Participant, certificates must
    bear an appropriate legend referring to the terms, conditions,
    and restrictions applicable to such Restricted Shares, and the
    Company may, at its discretion, retain physical possession of
    the certificate until such time as all applicable restrictions
    lapse.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    6.5&#160;<I><U>Restricted Share Units.</U></I>&#160;&#160;At the
    time of grant, the Committee shall specify the date or dates on
    which the Restricted Share Units shall become fully vested and
    nonforfeitable, and may specify such conditions to vesting as it
    deems appropriate. At the time of grant, the Committee shall
    specify the maturity date applicable to each grant of Restricted
    Share Units which shall be no earlier than the vesting date or
    dates of the Award and may be determined at the election of the
    grantee. On the maturity date, the Company shall, subject to
    Sections&#160;7.4 and 7.5, transfer to the Participant one
    unrestricted, fully transferable Share for each Restricted Share
    Unit scheduled to be paid out on such date and not previously
    forfeited.
</DIV>

<DIV style="margin-top: 18pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <FONT style="font-family: 'Times New Roman', Times">ARTICLE&#160;7<BR>
    </FONT>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <FONT style="font-family: 'Times New Roman', Times">PROVISIONS
    APPLICABLE TO AWARDS
    </FONT>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    7.1&#160;<I><U>Award Agreement.</U></I>&#160;&#160;Awards under
    the Plan shall be evidenced by Award Agreements that set forth
    the terms, conditions and limitations for each Award which may
    include the term of an Award, the provisions applicable in the
    event the Participant&#146;s employment or service terminates,
    and the Company&#146;s authority to unilaterally or bilaterally
    amend, modify, suspend, cancel or rescind an Award.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    7.2&#160;<I><U>Limits on Transfer.</U></I>&#160;&#160;No right
    or interest of a Participant in any Award may be pledged,
    encumbered, or hypothecated to or in favor of any party other
    than the Company or a Subsidiary, or shall be subject to any
    lien, obligation, or liability of such Participant to any other
    party other than the Company or a Subsidiary. Except as
    otherwise provided by the Committee, no Award shall be assigned,
    transferred, or otherwise disposed of by a Participant other
    than by will or the laws of descent and distribution. The
    Committee by express provision in the Award or an amendment
    thereto may permit an Award (other than an Incentive Share
    Option) to be transferred to, exercised by and paid to certain
    persons or entities related to the Participant, including but
    not limited to members of the Participant&#146;s family,
    charitable institutions, or trusts or other entities whose
    beneficiaries or beneficial owners are members of the
    Participant&#146;s family
    <FONT style="white-space: nowrap">and/or</FONT>
    charitable institutions, or to such other persons or entities as
    may be expressly approved by the Committee, pursuant to such
    conditions and procedures as the Committee may establish. Any
    permitted transfer shall be subject to the condition that the
    Committee receive evidence satisfactory to it that the transfer
    is being made for estate
    <FONT style="white-space: nowrap">and/or</FONT> tax
    planning purposes (or to a &#147;blind trust&#148; in connection
    with the Participant&#146;s termination of employment or service
    with the Company or a Subsidiary to assume a position with a
    governmental, charitable, educational or similar non-profit
    institution) and on a basis consistent with the Company&#146;s
    lawful issue of securities.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    7.3&#160;<I><U>Beneficiaries.</U></I>&#160;&#160;Notwithstanding
    Section&#160;7.2, a Participant may, in the manner determined by
    the Committee, designate a beneficiary to exercise the rights of
    the Participant and to receive any distribution with respect to
    any Award upon the Participant&#146;s death. A beneficiary,
    legal guardian, legal representative, or other person claiming
    any rights pursuant to the Plan is subject to all terms and
    conditions of the Plan and any Award Agreement applicable to the
    Participant, except to the extent the Plan and Award Agreement
    otherwise provide, and to any additional restrictions deemed
    necessary or appropriate by the Committee. If the Participant is
    married and resides in a community property jurisdiction, a
    designation of a person other than
</DIV>

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    <BR>
    I-7
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<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    the Participant&#146;s spouse as his or her beneficiary with
    respect to more than 50% of the Participant&#146;s interest in
    the Award shall not be effective without the prior written
    consent of the Participant&#146;s spouse. If no beneficiary has
    been designated or survives the Participant, payment shall be
    made to the person entitled thereto pursuant to the
    Participant&#146;s will or the laws of descent and distribution.
    Subject to the foregoing, a beneficiary designation may be
    changed or revoked by a Participant at any time provided the
    change or revocation is filed with the Committee.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    7.4&#160;<I><U>Share
    Issuance.</U></I>&#160;&#160;Notwithstanding anything herein to
    the contrary, the Company shall not be required to issue or
    deliver any certificates or make any book entries evidencing
    Shares pursuant to the exercise of any Award, unless and until
    the Board has determined, with advice of counsel, that the
    issuance and delivery of such Shares is in compliance with all
    Applicable Laws, regulations of governmental authorities and, if
    applicable, the requirements of any exchange on which the Shares
    are listed or traded. All Share certificates delivered pursuant
    to the Plan and all Shares issued pursuant to book entry
    procedures are subject to any stop-transfer orders and other
    restrictions as the Committee deems necessary or advisable to
    comply with all Applicable Laws, and the rules of any national
    securities exchange or automated quotation system on which the
    Shares are listed, quoted, or traded. The Committee may place
    legends on any Share certificate to reference restrictions
    applicable to the Share. In addition to the terms and conditions
    provided herein, the Board may require that a Participant make
    such reasonable covenants, agreements, and representations as
    the Board, in its discretion, deems advisable in order to comply
    with any such laws, regulations, or requirements. The Committee
    shall have the right to require any Participant to comply with
    any timing or other restrictions with respect to the settlement
    or exercise of any Award, including a window-period limitation,
    as may be imposed in the discretion of the Committee.
    Notwithstanding any other provision of the Plan, unless
    otherwise determined by the Committee or required by Applicable
    Law, the Company shall not deliver to any Participant
    certificates evidencing Shares issued in connection with any
    Award and instead such Shares shall be recorded in the books of
    the Company (or, as applicable, its transfer agent or stock plan
    administrator).
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    7.5&#160;<I><U>Paperless
    Administration.</U></I>&#160;&#160;Subject to Applicable Laws,
    the Committee may establish, for itself or using the services of
    a third party, an automated system for the documentation,
    granting or exercise of Awards, such as a system using an
    internet website or interactive voice response, then the
    paperless documentation, granting or exercise of Awards by a
    Participant may be permitted through the use of such an
    automated system.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    7.6&#160;<I><U>Applicable Currency.</U></I>&#160;&#160;Unless
    otherwise required by Applicable Law, or as determined in the
    discretion of the Committee, all Awards shall be designated in
    U.S.&#160;dollars. A Participant may be required to provide
    evidence that any currency used to pay the exercise price of any
    Award were acquired and taken out of the jurisdiction in which
    the Participant resides in accordance with Applicable Laws,
    including foreign exchange control laws and regulations. In the
    event the exercise price for an Award is paid in Chinese
    Renminbi or other foreign currency, as permitted by the
    Committee, the amount payable will be determined by conversion
    from U.S.&#160;dollars at the official rate promulgated by the
    People&#146;s Bank of China for Chinese Renminbi, or for
    jurisdictions other than the People&#146;s Republic of China,
    the exchange rate as selected by the Committee on the date of
    exercise.
</DIV>

<DIV style="margin-top: 18pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <FONT style="font-family: 'Times New Roman', Times">ARTICLE&#160;8<BR>
    </FONT>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <FONT style="font-family: 'Times New Roman', Times">CHANGES IN
    CAPITAL STRUCTURE
    </FONT>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    8.1&#160;<I><U>Adjustments.</U></I>&#160;&#160;In the event of
    any distribution, share split, combination or exchange of
    Shares, amalgamation, arrangement or consolidation,
    reorganization of the Company, including the Company becoming a
    subsidiary in a transaction not involving a Corporate
    Transaction, spin-off, recapitalization or other distribution
    (other than normal cash dividends) of Company assets to its
    shareholders, or any other change affecting the Shares or the
    share price of a Share, the Committee shall make such
    proportionate and equitable adjustments, if any, to reflect such
    change with respect to (a)&#160;the aggregate number and type of
    shares that may be issued under the Plan (including, but not
    limited to, adjustments of the limitations in Section&#160;3.1
    and substitutions of shares in a parent or surviving company);
    (b)&#160;the terms and conditions of any outstanding Awards
    (including, without limitation, any applicable performance
    targets or criteria with respect
</DIV>

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    <BR>
    I-8
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<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    thereto); and (c)&#160;the grant or exercise price per share for
    any outstanding Awards under the Plan. The form and manner of
    any such adjustments shall be determined by the Committee in its
    sole discretion.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    8.2&#160;<I><U>Acceleration upon a Change of
    Control.</U></I>&#160;&#160;Except as may otherwise be provided
    in any Award Agreement or any other written agreement entered
    into by and between the Company and a Participant, if a Change
    of Control occurs and a Participant&#146;s Awards are not
    converted, assumed or replaced by a successor, the vesting of
    such Awards shall accelerate by one (1)&#160;year upon such
    Change of Control. Upon, or in anticipation of, a Change of
    Control, the Committee may in its sole discretion provide for
    (i)&#160;any and all Awards outstanding hereunder to terminate
    at a specific time in the future and shall give each Participant
    the right to exercise such Awards during a period of time as the
    Committee shall determine, (ii)&#160;either the purchase of any
    Award for an amount of cash equal to the amount that could have
    been attained upon the exercise of such Award or realization of
    the Participant&#146;s rights had such Award been currently
    exercisable or payable or fully vested (and, for the avoidance
    of doubt, if as of such date the Committee determines in good
    faith that no amount would have been attained upon the exercise
    of such Award or realization of the Participant&#146; s rights,
    then such Award may be terminated by the Company without
    payment), (iii)&#160;the replacement of such Award with other
    rights or property selected by the Committee in its sole
    discretion or the assumption of or substitution of such Award by
    the successor or surviving corporation, or a parent or
    subsidiary thereof, with appropriate adjustments as to the
    number and kind of Shares and prices, or (iv)&#160;provide for
    payment of Awards in cash based on the value of Shares on the
    date of the Change of Control plus reasonable interest on the
    Award through the date such Award would otherwise be vested or
    have been paid in accordance with its original terms, if
    necessary to comply with Section&#160;409A of the Code.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    8.3&#160;<I><U>Outstanding Awards&#160;&#151; Corporate
    Transactions.</U></I>&#160;&#160;In the event of a Corporate
    Transaction, each Award will terminate upon the consummation of
    the Corporate Transaction, unless the Award is assumed by the
    successor entity or Parent thereof in connection with the
    Corporate Transaction. Except as provided otherwise in an
    individual Award Agreement, in the event of a Corporate
    Transaction and:
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (a)&#160;the Award either is (x)&#160;assumed by the successor
    entity or Parent thereof or replaced with a comparable Award (as
    determined by the Committee) with respect to shares of the
    capital stock (or equivalent) of the successor entity or Parent
    thereof or (y)&#160;replaced with a cash incentive program of
    the successor entity which preserves the compensation element of
    such Award existing at the time of the Corporate Transaction and
    provides for subsequent payout in accordance with the same
    vesting schedule applicable to such Award, then such Award (if
    assumed), the replacement Award (if replaced), or the cash
    incentive program automatically shall become fully vested,
    exercisable and payable and be released from any restrictions on
    transfer (other than transfer restrictions applicable to
    Options) and repurchase or forfeiture rights, immediately upon
    termination of the Participant&#146;s employment or service with
    all Service Recipients within twelve (12)&#160;months of the
    Corporate Transaction without cause;&#160;and
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (b)&#160;For each Award that is neither assumed nor replaced,
    such portion of the Award shall automatically become fully
    vested and exercisable and be released from any repurchase or
    forfeiture rights (other than repurchase rights exercisable at
    Fair Market Value) for all of the Shares at the time represented
    by such portion of the Award, immediately prior to the specified
    effective date of such Corporate Transaction, provided that the
    Participant remains an Employee, Consultant or Director on the
    effective date of the Corporate Transaction.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    8.4&#160;<I><U>Outstanding Awards&#160;&#151; Other
    Changes.</U></I>&#160;&#160;In the event of any other change in
    the capitalization of the Company or corporate change other than
    those specifically referred to in this Article&#160;8, the
    Committee may, in its absolute discretion, make such adjustments
    in the number and class of shares subject to Awards outstanding
    on the date on which such change occurs and in the per share
    grant or exercise price of each Award as the Committee may
    consider appropriate to prevent dilution or enlargement of
    rights.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    8.5&#160;<I><U>No Other Rights.</U></I>&#160;&#160;Except as
    expressly provided in the Plan, no Participant shall have any
    rights by reason of any subdivision or consolidation of shares
    of any class, the payment of any dividend, any increase or
    decrease in the number of shares of any class or any
    dissolution, liquidation, merger, or consolidation of the
    Company or any other corporation. Except as expressly provided
    in the Plan or pursuant to action of the Committee under the
    Plan, no issuance by the Company of shares of any class, or
    securities convertible into
</DIV>

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    <BR>
    I-9
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<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->

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    shares of any class, shall affect, and no adjustment by reason
    thereof shall be made with respect to, the number of shares
    subject to an Award or the grant or exercise price of any Award.
</DIV>

<DIV style="margin-top: 18pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <FONT style="font-family: 'Times New Roman', Times">ARTICLE&#160;9<BR>
    </FONT>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <FONT style="font-family: 'Times New Roman', Times">ADMINISTRATION
    </FONT>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    9.1&#160;<I><U>Committee.</U></I>&#160;&#160;The Plan shall be
    administered by the Compensation Committee of the Board;
    <I>provided, however </I>that the Compensation Committee may
    delegate to a committee of one or more members of the Board the
    authority to grant or amend Awards to Participants other than
    Independent Directors and executive officers of the Company. The
    Committee shall consist of at least two individuals, each of
    whom qualifies as a Non-Employee Director. Reference to the
    Committee shall refer to the Board if the Compensation Committee
    has not been established or ceases to exist and the Board does
    not appoint a successor Committee. Notwithstanding the
    foregoing, the full Board, acting by majority of its members in
    office shall conduct the general administration of the Plan if
    required by Applicable Law, and with respect to Awards granted
    to Independent Directors and for purposes of such Awards the
    term &#147;Committee&#148; as used in the Plan shall be deemed
    to refer to the Board.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    9.2&#160;<I><U>Action by the Committee.</U></I>&#160;&#160;A
    majority of the Committee shall constitute a quorum. The acts of
    a majority of the members present at any meeting at which a
    quorum is present, and acts approved in writing by a majority of
    the Committee in lieu of a meeting, shall be deemed the acts of
    the Committee. Each member of the Committee is entitled to, in
    good faith, rely or act upon any report or other information
    furnished to that member by any officer or other employee of the
    Company or any Subsidiary, the Company&#146;s independent
    certified public accountants, or any executive compensation
    consultant or other professional retained by the Company to
    assist in the administration of the Plan.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    9.3&#160;<I><U>Authority of
    Committee.</U></I>&#160;&#160;Subject to any specific
    designation in the Plan, the Committee has the exclusive power,
    authority and discretion to:
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (a)&#160;Designate eligible Employees, Directors and Consultants
    to receive Awards;
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (b)&#160;Determine the type or types of Awards to be granted to
    each Participant;
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (c)&#160;Determine the number of Awards to be granted and the
    number of Shares to which an Award will relate;
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (d)&#160;Determine the terms and conditions of any Award granted
    pursuant to the Plan, including, but not limited to, the
    exercise price, grant price, or purchase price, any restrictions
    or limitations on the Award, any schedule for lapse of
    forfeiture restrictions or restrictions on the exercisability of
    an Award, and accelerations or waivers thereof, any provisions
    related to non-competition and recapture of gain on an Award,
    based in each case on such considerations as the Committee in
    its sole discretion determines;
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (e)&#160;Determine whether, to what extent, and pursuant to what
    circumstances an Award may be settled in, or the exercise price
    of an Award may be paid in, cash, Shares, other Awards, or other
    property, or an Award may be canceled, forfeited, or surrendered;
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (f)&#160;Prescribe the form of each Award Agreement, which need
    not be identical for each Participant;
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (g)&#160;Decide all other matters that must be determined in
    connection with an Award;
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (h)&#160;Establish, adopt, or revise any rules and regulations
    as it may deem necessary or advisable to administer the Plan;
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (i)&#160;Interpret the terms of, and any matter arising pursuant
    to, the Plan or any Award Agreement;&#160;and
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (j)&#160;Make all other decisions and determinations that may be
    required pursuant to the Plan or as the Committee deems
    necessary or advisable to administer the Plan.
</DIV>

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    <BR>
    I-10
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<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    9.4&#160;<I><U>Decisions Binding.</U></I>&#160;&#160;The
    Committee&#146;s interpretation of the Plan, any Awards granted
    pursuant to the Plan, any Award Agreement and all decisions and
    determinations by the Committee with respect to the Plan are
    final, binding, and conclusive on all parties.
</DIV>

<DIV style="margin-top: 18pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <FONT style="font-family: 'Times New Roman', Times">ARTICLE&#160;10<BR>
    </FONT>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <FONT style="font-family: 'Times New Roman', Times">EFFECTIVE
    AND EXPIRATION DATE
    </FONT>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    10.1&#160;<I><U>Effective Date.</U></I>&#160;&#160;The Effective
    Date of the Plan is January&#160;1, 2008.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    10.2&#160;<I><U>Expiration Date.</U></I>&#160;&#160;The Plan
    will expire on, and no Award may be granted pursuant to the Plan
    after, the tenth anniversary of the Effective Date. Any Awards
    that are outstanding on the tenth anniversary of the Effective
    Date shall remain in force according to the terms of the Plan
    and the applicable Award Agreement.
</DIV>

<DIV style="margin-top: 18pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <FONT style="font-family: 'Times New Roman', Times">ARTICLE&#160;11<BR>
    </FONT>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <FONT style="font-family: 'Times New Roman', Times">AMENDMENT,
    MODIFICATION, AND TERMINATION
    </FONT>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    11.1&#160;<I><U>Amendment, Modification, And
    Termination.</U></I>&#160;&#160;With the approval of the Board,
    at any time and from time to time, the Committee may terminate,
    amend or modify the Plan; <I>provided, however</I>, that
    (a)&#160;to the extent necessary and desirable to comply with
    Applicable Laws, or stock exchange rules, the Company shall
    obtain shareholder approval of any Plan amendment in such a
    manner and to such a degree as required, and
    (b)&#160;shareholder approval is required for any amendment to
    the Plan that (i)&#160;increases the number of Shares available
    under the Plan (other than any adjustment as provided by
    Article&#160;8), (ii)&#160;permits the Committee to extend the
    term of the Plan or the exercise period for an Option beyond ten
    years from the date of grant, or (iii)&#160;results in a
    material increase in benefits or a change in eligibility
    requirements.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    11.2&#160;<I><U>Awards Previously
    Granted.</U></I>&#160;&#160;Except with respect to amendments
    made pursuant to Section&#160;11.1, no termination, amendment,
    or modification of the Plan shall adversely affect in any
    material way any Award previously granted pursuant to the Plan
    without the prior written consent of the Participant.
</DIV>

<DIV style="margin-top: 18pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <FONT style="font-family: 'Times New Roman', Times">ARTICLE&#160;12<BR>
    </FONT>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <FONT style="font-family: 'Times New Roman', Times">GENERAL
    PROVISIONS
    </FONT>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    12.1&#160;<I><U>No Rights to Awards.</U></I>&#160;&#160;No
    Participant, employee, or other person shall have any claim to
    be granted any Award pursuant to the Plan, and neither the
    Company nor the Committee is obligated to treat Participants,
    employees, and other persons uniformly.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    12.2&#160;<I><U>No Shareholders Rights.</U></I>&#160;&#160;No
    Award gives the Participant any of the rights of a Shareholder
    of the Company unless and until Shares are in fact issued to
    such person in connection with such Award.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    12.3&#160;<I><U>Taxes.</U></I>&#160;&#160;No Shares shall be
    delivered under the Plan to any Participant until such
    Participant has made arrangements acceptable to the Committee
    for the satisfaction of any income and employment tax
    withholding obligations under Applicable Laws. The Company or
    any Subsidiary shall have the authority and the right to deduct
    or withhold, or require a Participant to remit to the Company,
    an amount sufficient to satisfy all applicable taxes (including
    the Participant&#146;s payroll tax obligations) required or
    permitted by law to be withheld with respect to any taxable
    event concerning a Participant arising as a result of this Plan.
    The Committee may in its discretion and in satisfaction of the
    foregoing requirement allow a Participant to elect to have the
    Company withhold Shares otherwise issuable under an Award (or
    allow the return of Shares) having a Fair Market Value equal to
    the sums required to be withheld. Notwithstanding any other
    provision of the Plan, the number of Shares which may be
    withheld with respect to the issuance, vesting, exercise or
    payment of any Award (or which may be repurchased from the
    Participant of such Award after such Shares were acquired by the
    Participant from the Company) in order to satisfy all of the
    Participant&#146;s income and payroll tax liabilities with
    respect to the issuance, vesting, exercise or payment of the
    Award shall, unless specifically
</DIV>

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    <BR>
    I-11
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<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    approved by the Committee, be limited to the number of Shares
    which have a Fair Market Value on the date of withholding or
    repurchase equal to the aggregate amount of such liabilities
    based on the minimum statutory income and payroll tax
    withholding rates that are applicable to such supplemental
    taxable income under Applicable Law.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    12.4&#160;<I><U>No Right to Employment or
    Services.</U></I>&#160;&#160;Nothing in the Plan or any Award
    Agreement shall interfere with or limit in any way the right of
    the Service Recipient to terminate any Participant&#146;s
    employment or services at any time, nor confer upon any
    Participant any right to continue in the employ or service of
    any Service Recipient.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    12.5&#160;<I><U>Effect of Plan upon Other Compensation
    Plans.</U></I>&#160;&#160;The adoption of the Plan shall not
    affect any other compensation or incentive plans in effect for
    any Service Recipient. Nothing in the Plan shall be construed to
    limit the right of any Service Recipient: (a)&#160;to establish
    any other forms of incentives or compensation for Employees,
    Directors or Consultants, or (b)&#160;to grant or assume options
    or other rights or awards otherwise than under the Plan in
    connection with any proper corporate purpose including without
    limitation, the grant or assumption of options in connection
    with the acquisition by purchase, lease, merger, consolidation
    or otherwise, of the business, stock or assets of any
    corporation, partnership, limited liability company, firm or
    association.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    12.6&#160;<I><U>Unfunded Status of
    Awards.</U></I>&#160;&#160;The Plan is intended to be an
    &#147;unfunded&#148; plan for incentive compensation. With
    respect to any payments not yet made to a Participant pursuant
    to an Award, nothing contained in the Plan or any Award
    Agreement shall give the Participant any rights that are greater
    than those of a general creditor of the Company or any
    Subsidiary.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    12.7&#160;<I><U>Indemnification.</U></I>&#160;&#160;To the
    extent allowable pursuant to applicable law, each member of the
    Committee or of the Board shall be indemnified and held harmless
    by the Company from any loss, cost, liability, or expense that
    may be imposed upon or reasonably incurred by such member in
    connection with or resulting from any claim, action, suit, or
    proceeding to which he or she may be a party or in which he or
    she may be involved by reason of any action or failure to act
    pursuant to the Plan and against and from any and all amounts
    paid by him or her in satisfaction of judgment in such action,
    suit, or proceeding against him or her; <I>provided </I>he or
    she gives the Company an opportunity, at its own expense, to
    handle and defend the same before he or she undertakes to handle
    and defend it on his or her own behalf. The foregoing right of
    indemnification shall not be exclusive of any other rights of
    indemnification to which such persons may be entitled pursuant
    to the Company&#146;s Memorandum of Association and Articles of
    Association, as a matter of law, or otherwise, or any power that
    the Company may have to indemnify them or hold them harmless.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    12.8&#160;<I><U>Relationship to other
    Benefits.</U></I>&#160;&#160;No payment pursuant to the Plan
    shall be taken into account in determining any benefits pursuant
    to any pension, retirement, savings, profit sharing, group
    insurance, welfare or other benefit plan of the Company or any
    Subsidiary except to the extent otherwise expressly provided in
    writing in such other plan or an agreement thereunder.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    12.9&#160;<I><U>Expenses.</U></I>&#160;&#160;The expenses of
    administering the Plan shall be borne by the Company and its
    Subsidiaries.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    12.10&#160;<I><U>Titles and Headings.</U></I>&#160;&#160;The
    titles and headings of the Sections in the Plan are for
    convenience of reference only and, in the event of any conflict,
    the text of the Plan, rather than such titles or headings, shall
    control.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    12.11&#160;<I><U>Fractional Shares.</U></I>&#160;&#160;No
    fractional Share shall be issued and the Committee shall
    determine, in its discretion, whether cash shall be given in
    lieu of fractional shares or whether such fractional shares
    shall be eliminated by rounding up or down as appropriate.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    12.12&#160;<I><U>Government and Other
    Regulations.</U></I>&#160;&#160;The obligation of the Company to
    make payment of awards in Shares or otherwise shall be subject
    to all Applicable Laws and to such approvals by government
    agencies as may be required. The Company shall be under no
    obligation to register any of the Shares paid pursuant to the
    Plan under the Securities Act or any other similar law in any
    applicable jurisdiction. If the Shares paid pursuant to the Plan
    may in certain circumstances be exempt from registration
    pursuant to the Securities Act
</DIV>

<P align="center" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <BR>
    I-12
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<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    or other Applicable Laws, the Company may restrict the transfer
    of such Shares in such manner as it deems advisable to ensure
    the availability of any such exemption.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    12.13&#160;<I><U>Governing Law.</U></I>&#160;&#160;The Plan and
    all Award Agreements shall be construed in accordance with and
    governed by the laws of the Cayman Islands.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    12.14&#160;<I><U>Section&#160;409A.</U></I>&#160;&#160;To the
    extent that the Committee determines that any Award granted
    under the Plan is or may become subject to Section&#160;409A of
    the Code, the Award Agreement evidencing such Award shall
    incorporate the terms and conditions required by
    Section&#160;409A of the Code. To the extent applicable, the
    Plan and the Award Agreements shall be interpreted in accordance
    with Section&#160;409A of the Code and the U.S.&#160;Department
    of Treasury regulations and other interpretative guidance issued
    thereunder, including without limitation any such regulation or
    other guidance that may be issued after the Effective Date.
    Notwithstanding any provision of the Plan to the contrary, in
    the event that following the Effective Date the Committee
    determines that any Award may be subject to Section&#160;409A of
    the Code and related U.S.&#160;Department of Treasury guidance
    (including such U.S.&#160;Department of Treasury guidance as may
    be issued after the Effective Date), the Committee may adopt
    such amendments to the Plan and the applicable Award agreement
    or adopt other policies and procedures (including amendments,
    policies and procedures with retroactive effect), or take any
    other actions, that the Committee determines is necessary or
    appropriate to (a)&#160;exempt the Award from Section&#160;409A
    of the Code and /or preserve the intended tax treatment of the
    benefits provided with respect to the Award, or (b)&#160;comply
    with the requirements of Section&#160;409A of the Code and
    related U.S.&#160;Department of Treasury guidance.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    12.15&#160;<I><U>Appendices.</U></I>&#160;&#160;The Committee
    may approve such supplements, amendments or appendices to the
    Plan as it may consider necessary or appropriate for purposes of
    compliance with applicable laws or otherwise and such
    supplements, amendments or appendices shall be considered a part
    of the Plan; <I>provided</I>, <I>however</I>, that no such
    supplements shall increase the share limitations contained in
    Section&#160;3.1 of the Plan.
</DIV>

<P align="center" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <BR>
    I-13
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<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->


<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="right" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times"><b>Annex J</b></FONT></B>
</DIV>


<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="right" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <IMG src="g18264a4g1826475.gif" alt="(RICHARD LAYTON AND FINGER LOGO)"><B>
    </B>
</DIV>




<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <FONT style="font-family: 'Times New Roman', Times">September
    29, 2009
    </FONT>
</DIV>



<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Ideation Acquisition Corp.
</DIV>



<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
     1105&#160;N.&#160;Market Street, Suite&#160;1300
</DIV>



<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
     Wilmington, Delaware 19801
</DIV>



<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Ladies and Gentlemen:
</DIV>



<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    We have acted as special Delaware counsel to Ideation
    Acquisition Corp., a Delaware corporation (the
    &#147;Company&#148;), in connection with the proposed amendment
    to the certificate of incorporation of the Company. In this
    connection, you have requested our opinion as to certain matters
    under the General Corporation Law of the State of Delaware (the
    &#147;General Corporation Law&#148;).
</DIV>



<DIV style="margin-top: 3pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    For the purpose of rendering our opinion as expressed herein, we
    have been furnished and have reviewed the following documents:
</DIV>



<DIV style="margin-top: 3pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (i)&#160;the Amended and Restated Certificate of Incorporation
    of the Company, as filed with the Secretary of State of the
    State of Delaware (the &#147;Secretary of State&#148;) on
    November&#160;21, 2007 (the &#147;Certificate of
    Incorporation&#148;);
</DIV>



<DIV style="margin-top: 3pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (ii)&#160;the Bylaws of the Company, adopted as of June&#160;1,
    2007 (the &#147;Bylaws&#148;);
</DIV>



<DIV style="margin-top: 3pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (iii)&#160;a form of the Certificate of Amendment to the Amended
    and Restated Certificate of Incorporation of the Company (the
    &#147;Certificate of Amendment&#148;) (attached hereto as
    Exhibit&#160;A);
</DIV>



<DIV style="margin-top: 3pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (iv)&#160;the
    <FONT style="white-space: nowrap">Form&#160;S-1/A</FONT>
    of the Company (the &#147;Registration Statement&#148;), as
    filed with the Securities and Exchange Commission (the
    &#147;SEC&#148;) on November&#160;1, 2007 in connection with the
    Company&#146;s initial public offering (&#147;IPO&#148;);
</DIV>



<DIV style="margin-top: 3pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (v)&#160;the proxy statement proposed to be filed with the SEC
    in connection with the Certificate of Amendment (the &#147;Proxy
    Statement&#148;);&#160;and
</DIV>



<DIV style="margin-top: 3pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (vi)&#160;the Agreement and Plan of Merger, Conversion and Share
    Exchange, dated as of March&#160;31, 2009, by and among the
    Company, ID Arizona Corp., a corporation incorporated in the
    State of Arizona, SearchMedia International Limited, an exempted
    limited company incorporated under the laws of the Cayman
    Islands (&#147;SM Cayman&#148;), Shanghai Jingli Advertising
    Co., Ltd., a company incorporated under the legal requirements
    of the People&#146;s Republic of China, the subsidiaries of SM
    Cayman named therein, the shareholders and warrantholders of SM
    Cayman named therein, the SM Shareholders&#146; Representatives
    (as defined therein) and the other parties named therein, as
    amended by the First Amendment to the Agreement and Plan of
    Merger, Conversion and Share Exchange, effective as of
    May&#160;27, 2009, as further amended by the Second Amendment
    and Joinder to the Agreement and Plan of Merger, Conversion and
    Share Exchange, effective as of September&nbsp;8,
    2009, and as further amended by the Third Amendment to the
Agreement and Plan of Merger, Conversion and Share Exchange,
effective as of September&nbsp;22, 2009 (collectively, the &#147;Transaction Agreement&#148;).
</DIV>



<DIV style="margin-top: 3pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    With respect to the foregoing documents, we have assumed:
    (a)&#160;the genuineness of all signatures, and the incumbency,
    authority, legal right and power and legal capacity under all
    applicable laws and regulations, of each of the officers and
    other persons and entities signing or whose signatures appear
    upon each of said documents as or on behalf of the parties
    thereto; (b)&#160;the conformity to authentic originals of all
    documents submitted to us as certified, conformed, photostatic,
    electronic or other copies; and (c)&#160;that the foregoing
    documents, in the forms submitted to us for our review, have not
    been and will not be altered or amended in any respect material
    to our opinion as expressed herein. For the purpose of rendering
    our opinion as expressed herein, we have not reviewed any document other than
</DIV>


<P align="center" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <BR>
    J-1
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<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->


<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Ideation Acquisition Corp.<BR>
    September 29, 2009<BR>
    Page 2
</DIV>
<DIV style="margin-top: 18pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    the
    documents set forth above, and, except as set forth in this
    opinion, we assume there exists no provision of any such other
    document that bears upon or is inconsistent with our opinion as
    expressed herein. We have conducted no independent factual
    investigation of our own, but rather have relied as to factual
    matters solely upon the foregoing documents, the statements and
    information set forth therein, and the additional matters
    recited or assumed herein, all of which we assume to be true,
    complete and accurate in all material respects.
</DIV>



<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><U><FONT style="font-family: 'Times New Roman', Times">BACKGROUND</FONT></U></B>
</DIV>



<DIV style="margin-top: 3pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    We have been advised, and accordingly assume for purposes of our
    opinion as expressed herein, that (i)&#160;the Company has
    entered into the Transaction Agreement which provides for the
    redomestication of the Company from a Delaware corporation to a
    Cayman Islands exempted company (&#147;ID Cayman&#148;) and the
    share exchange between ID Cayman and SM Cayman, after which SM
    Cayman will become a wholly owned subsidiary of ID Cayman
    (collectively, the &#147;Proposed Business Combination&#148;);
    (ii)&#160;under Article&#160;Fourth of the Certificate of
    Incorporation, a failure to consummate an Initial Business
    Combination (as defined in Article&#160;Sixth of the Certificate
    of Incorporation) by November&#160;19, 2009 (the
    &#147;Termination Date&#148;) will result in the dissolution and
    liquidation of the Company; (iii)&#160;the Proposed Business
    Combination qualifies as an &#147;Initial Business
    Combination&#148; under Article&#160;Fourth of the Certificate
    of Incorporation; (iv)&#160;in order to consummate the Proposed
    Business Combination prior to the Termination Date, the Company
    is proposing to amend paragraph&#160;D of Article&#160;Sixth of
    the Certificate of Incorporation as set forth in Exhibit&#160;A
    to provide that any holders of IPO
    Shares<SUP style="font-size: 85%; vertical-align: top">1</SUP>

    who affirmatively elect to convert their IPO Shares into cash,
    regardless of whether they vote their IPO Shares for or against
    the Initial Business Combination, will be entitled to receive a
    <U>pro</U> <U>rata</U> portion of the Trust&#160;Account (as
    defined in Article&#160;Sixth of the Certificate of
    Incorporation) if an Initial Business Combination is consummated
    (the &#147;Conversion Rights&#148;); and (v)&#160;the
    stockholders&#146; vote on any proposal will not adversely
    affect the stockholders&#146; Conversion Rights as originally
    described in the Registration Statement.
</DIV>



<DIV style="margin-top: 3pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Article&#160;Sixth of the Certificate of Incorporation provides
    in pertinent part:
</DIV>



<DIV style="margin-top: 3pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <U>Paragraphs&#160;A through G below</U> shall apply during the
    period commencing upon consummation of the Corporation&#146;s
    initial public offering (the &#147;IPO&#148;) and terminating
    upon consummation of any Initial Business Combination (the
    &#147;Restricted Period&#148;) and <U>may not be amended during
    the Restricted Period without the affirmative vote of the
    holders of 95% of the Corporation&#146;s outstanding shares of
    Common Stock.</U>
</DIV>



<DIV style="margin-top: 3pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Thus, the underlined language in the introductory paragraph of
    Article&#160;Sixth of the Certificate of Incorporation purports
    to require the affirmative vote of the holders of 95% of the
    Company&#146;s outstanding shares of common stock for an
    amendment to paragraphs&#160;A through G of Article&#160;Sixth
    of the Certificate of Incorporation during the Restricted Period
    (as defined in Article&#160;Sixth of the Certificate of
    Incorporation). We assume for purposes of our opinion as
    expressed herein, that because the Company is a public
    corporation, approval of the holders of 95% of the outstanding
    common stock of the Company cannot reasonably be
    attained.<SUP style="font-size: 85%; vertical-align: top">2</SUP>

    Accordingly, as a factual matter, the provision in the
    introductory paragraph of Article&#160;Sixth, which purports to
    require approval of 95% of the Company&#146;s outstanding shares
    of common stock to amend
</DIV>


<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV><DIV style="font-size: 1pt; margin-left: 0%; width: 13%; align: left; border-bottom: 1pt solid #000000"></DIV><DIV style="margin-top: 3pt; font-size: 1pt">&nbsp;</DIV>
<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <SUP style="font-size: 85%; vertical-align: top">1</SUP>&#160;We

    understand that the IPO Shares constitute all of the
    Company&#146;s common stock issued in the IPO.
</DIV>



<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <SUP style="font-size: 85%; vertical-align: top">2</SUP>&#160;In

    <U>Chesapeake Corp.&#160;v. Shore</U>, 771 A.2d 293, 342 (Del.
    Ch. 2000), the Court of Chancery, after consideration of expert
    testimony on the subject, noted that for a public corporation, a
    provision requiring an 88% vote of stockholders to take certain
    actions was set at an &#147;unattainably high level.&#148;
    Similarly, in <U>Sellers&#160;v. Joseph Bancroft&#160;&#038;
    Sons Co.,</U> 2 A.2d 108, 114 (Del. Ch. 1938), the Court of
    Chancery questioned the validity of a certificate of
    incorporation provision requiring the vote or consent of 100% of
    the preferred stockholders to amend the certificate of
    incorporation because the 100% vote requirement made such
    provision &#147;practically irrepealable.&#148;
</DIV>


<P align="center" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <BR>
    J-2
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<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Ideation Acquisition Corp.<BR>
    September 29, 2009<BR>
    Page 3
</DIV>
<DIV style="margin-top: 18pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    paragraphs&#160;A through G, effectively eliminates the
    Company&#146;s power to amend paragraphs&#160;A through G of
    Article&#160;Sixth of the Certificate of Incorporation during
    the Restricted Period.
</DIV>



<DIV style="margin-top: 18pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><U><FONT style="font-family: 'Times New Roman', Times">DISCUSSION</FONT></U></B>
</DIV>



<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    You have asked our opinion as to whether paragraph&#160;D of
    Article&#160;Sixth may be amended as provided in the Certificate
    of Amendment. For the reasons set forth below, in our opinion,
    the provision in the introductory paragraph of
    Article&#160;Sixth of the Certificate of Incorporation, which
    requires the holders of 95% of the Company&#146;s outstanding
    shares of common stock to approve any amendment to
    paragraphs&#160;A through G of Article&#160;Sixth during the
    Restricted Period, effectively eliminates the Company&#146;s
    (and, consequently, the Company&#146;s directors and
    stockholders) statutory power to amend paragraphs&#160;A through
    G of Article&#160;Sixth during the Restricted Period, and is
    therefore not valid under the General Corporation Law. Because
    the portion of Article&#160;Sixth requiring the approval of
    holders of 95% of the Company&#146;s outstanding shares of
    common stock to amend paragraphs&#160;A through G of
    Article&#160;Sixth of the Certificate of Incorporation is
    invalid, paragraph&#160;D of Article&#160;Sixth may be amended
    as provided in the Certificate of Amendment subject to
    compliance with the amendatory procedures set forth in
    Section&#160;242(b) of the General Corporation Law.
</DIV>




<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">

</DIV>


<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Section&#160;242(a) of the General Corporation Law provides that:
</DIV>



<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    [a]fter a corporation has received payment for any of its
    capital stock, it may amend its certificate of incorporation,
    from time to time, in any and as many respects as may be
    desired, so long as its certificate of incorporation as amended
    would contain only such provisions as it would be lawful and
    proper to insert in an original certificate of incorporation
    filed at the time of the filing of the amendment ... In
    particular, and without limitation upon such general power of
    amendment, a corporation may amend its certificate of
    incorporation, from time to time, so as ... (2)&#160;To change,
    substitute, enlarge or diminish the nature of its business or
    its corporate powers and purposes ...
</DIV>



<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    8&#160;<U>Del. C.</U> &#167;&#160;242(a). In addition,
    Section&#160;242(b) of the General Corporation Law provides that:
</DIV>



<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Every amendment [to the Certificate of Incorporation] ...
    <U>shall</U> be made and effected in the following manner: (1)
    [i]f the corporation has capital stock, its board of directors
    <U>shall</U> adopt a resolution setting forth the amendment
    proposed, declaring its advisability, and either calling a
    special meeting of the stockholders entitled to vote in respect
    thereof for the consideration of such amendment or directing
    that the amendment proposed be considered at the next annual
    meeting of the stockholders.... If a majority of the outstanding
    stock entitled to vote thereon, and a majority of the
    outstanding stock of each class entitled to vote thereon as a
    class has been voted in favor of the amendment, a certificate
    setting forth the amendment and certifying that such amendment
    has been duly adopted in accordance with this section
    <U>shall</U> be executed, acknowledged and filed and
    <U>shall</U> become effective in accordance with &#167;&#160;103
    of this title.
</DIV>



<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    8&#160;<U>Del. C.</U> &#167;&#160;242(b) (emphasis added). Thus,
    Section&#160;242(a) grants Delaware corporations broad statutory
    power to amend their certificates of incorporation to the extent
    permitted under Delaware law, including to the extent
    contemplated by the Certificate of Amendment, subject to
    compliance with the amendatory procedures set forth in
    Section&#160;242(b). Implicit in the language of
    Section&#160;242 is that the power to amend the certificate of
    incorporation is a fundamental power of Delaware corporations
    vested in directors and stockholders of a corporation. Nothing
    in Section&#160;242 suggests that this statutory power may be
    entirely eliminated by a provision of the certificate of
    incorporation with respect to certain provisions thereof.
    Indeed, the mandatory language in Section&#160;242(b) supports
    the proposition that the corporation&#146;s broad power to amend
    the certificate of incorporation cannot be eliminated.
    Section&#160;242(b) mandates that, absent a provision permitting
    the board to abandon a proposed amendment, &#147;a certificate
    setting forth the amendment ... <U>shall</U> be executed,
</DIV>


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    <BR>
    J-3
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<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->


<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Ideation Acquisition Corp.<BR>
    September 29, 2009<BR>
    Page 4
</DIV>
<DIV style="margin-top: 18pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    acknowledged and filed and <U>shall</U> become effective&#148;
    upon obtaining the requisite board and stockholder approvals. 8
    <U>Del. C.</U> &#167;&#160;242(b)(1) (emphasis added).
</DIV>



<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    In our opinion, the provision in the introductory paragraph of
    Article&#160;Sixth of the Certificate of Incorporation that
    purports to eliminate the statutory power of the Company (and,
    consequently, of the directors and stockholders) to amend
    paragraphs&#160;A through G of Article&#160;Sixth of the
    Certificate of Incorporation is contrary to the laws of the
    State of Delaware and, therefore, is invalid pursuant to
    Section&#160;102(b)(1) of the General Corporation Law.
    Section&#160;102(b)(1) provides that a certificate of
    incorporation may contain:
</DIV>



<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Any provision for the management of the business and for the
    conduct of the affairs of the corporation, and any provision
    creating, defining, limiting and regulating the powers of the
    corporation, the directors, and the stockholders, or any class
    of the stockholders . . . ; <U>if such provisions are not
    contrary to the laws of [the State of Delaware]</U>.
</DIV>



<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    8&#160;<U>Del. C.</U> &#167;&#160;102(b)(1) (emphasis added).
    Thus, the ability to curtail the powers of the corporation, the
    directors and the stockholders through the certificate of
    incorporation is not without limitation. Any provision in the
    certificate of incorporation that is contrary to Delaware law is
    invalid. <U>See</U> <U>Lions Gate Entm&#146;t Corp.&#160;v.
    Image Entm&#146;t Inc.</U>, 2006 WL 1668051, at *7 (Del. Ch.
    June&#160;5, 2006) (footnote omitted) (noting that a charter
    provision &#147;purport[ing] to give the Image board the power
    to amend the charter unilaterally without a shareholder
    vote&#148; after the corporation had received payment for its
    stock &#147;contravenes Delaware law [<U>i.e.</U>,
    Section&#160;242 of the General Corporation Law] and is
    invalid.&#148;). In <U>Sterling&#160;v. Mayflower Hotel
    Corp.</U>, 93 A.2d 107, 118 (Del. 1952), the Court found that a
    charter provision is &#147;contrary to the laws of
    [Delaware]&#148; if it transgresses &#147;a statutory enactment
    or a public policy settled by the common law or implicit in the
    General Corporation Law itself.&#148; The Court in
    <U>Loew&#146;s Theatres, Inc.&#160;v. Commercial Credit Co.</U>,
    243 A.2d 78, 81 (Del. Ch. 1968), adopted this view, noting that
    &#147;a charter provision which seeks to waive a statutory right
    or requirement is
    unenforceable.&#148;<SUP style="font-size: 85%; vertical-align: top">3</SUP>

</DIV>





<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    That the statutory power to amend the certificate of
    incorporation is a fundamental power of Delaware corporations is
    supported by Delaware case law. Delaware courts have repeatedly
    held that a reservation of the right to amend the certificate of
    incorporation is a part of any certificate of incorporation,
    whether or not such reservation is expressly included
    therein.<SUP style="font-size: 85%; vertical-align: top">4</SUP>

    <U>See</U>, <U>e.g.</U>, <U>Maddock&#160;v. Vorclone
    Corp.</U>, 147 A. 255 (Del. Ch. 1929); <U>Coyne&#160;v.
    Park&#160;&#038; Tilford Distillers Corp.</U>, 154 A.2d 893
    (Del. 1959); <U>Weinberg&#160;v. Baltimore Brick Co.</U>, 114
    A.2d 812, 814 (Del. 1955); <U>Morris&#160;v. American Public
    Utilities Co.</U>, 122 A. 696, 701 (Del. Ch. 1923). <U>See
    also</U> 2 David A. Drexler, Lewis S. Black,&#160;Jr. &#038; A.
    Gilchrist Sparks,&#160;III, <U>Delaware Corporation
    Law&#160;&#038; Practice</U>,
</DIV>


<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV><DIV style="font-size: 1pt; margin-left: 0%; width: 13%; align: left; border-bottom: 1pt solid #000000"></DIV><DIV style="margin-top: 3pt; font-size: 1pt">&nbsp;</DIV>
<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <SUP style="font-size: 85%; vertical-align: top">3</SUP>&#160;We

    note that Section&#160;102(b)(4) of the General Corporation Law
    expressly permits a Delaware corporation to include in its
    certificate of incorporation provisions that modify the voting
    rights of directors and stockholders set forth in other
    provisions of the General Corporation Law. 8 <u>Del. C.</u>&#167;&#160; 102(b)(4)
    (&#147;the certificate of incorporation may also contain...
    [p]rovisions requiring for any corporate action, the vote of a
    larger portion of the stock... or a larger number of the
    directors, than is required by this chapter.&#148;). While
    Section&#160;102(b)(4) permits certificate of incorporation
    provisions to require a greater vote of directors or
    stockholders than is otherwise required by the General
    Corporation Law, in our view, nothing in Section&#160;102(b)(4)
    purports to authorize a certificate of incorporation provision
    that effectively eliminates the power of directors and
    stockholders to amend the certificate of incorporation, with
    respect to certain provisions thereof or otherwise, as expressly
    permitted by Section&#160;242. <U>See also Sellers&#160;v.
    Joseph Bancroft&#160;&#038; Sons Co.</U>, 2 A.2d 108, 114 (Del.
    Ch. 1938) (where the Court questioned the validity of a
    certificate of incorporation provision requiring the vote or
    consent of 100% of the preferred stockholders to amend the
    certificate of incorporation in any manner which reduced the
    pecuniary rights of the preferred stock because the 100% vote
    requirement made such provision &#147;practically
    irrepealable.&#148;).
</DIV>



<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <SUP style="font-size: 85%; vertical-align: top">4</SUP>&#160;This

    principle is also codified in Section&#160;394 of the General
    Corporation Law. <u>See</u> 8 <u>Del. C.</u> &#167; 394.
</DIV>


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<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Ideation Acquisition Corp.<BR>
    September 29, 2009<BR>
    Page 5
</DIV>
<DIV style="margin-top: 18pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    &#167;&#160;32.02 (2005) (&#147;No case has ever questioned the
    fundamental right of corporations to amend their certificates of
    incorporation in accordance with statutory procedures. From the
    earliest decisions, it has been held that every corporate
    charter implicitly contains as a constituent part thereof every
    pertinent provision of the corporation law, including the
    provisions authorizing charter amendments.&#148;); 1 R. Franklin
    Balotti&#160;&#038; Jesse A. Finkelstein, <U>The Delaware Law of
    Corporations&#160;&#038; Business Organizations</U>
    &#167;&#160;8.1 (2007 Supp.) (&#147;The power of a corporation
    to amend its certificate of incorporation was granted by the
    original General Corporation Law and has continued to this
    day.&#148;) (footnotes omitted); 1 Edward P. Welch, Andrew J.
    Turezyn&#160;&#038; Robert S. Saunders, <U>Folk on the Delaware
    General Corporation Law</U> &#167;&#160;242.2.2, GCL-VIII-13
    <FONT style="white-space: nowrap">(2007-1</FONT>
    Supp.) (&#147;A corporation may ... do anything that
    section&#160;242 authorizes because the grant of amendment power
    contained in section&#160;242 and its predecessors is itself a
    part of the charter.&#148;) (citing <U>Goldman&#160;v. Postal
    Tel., Inc.</U>, 52 F.Supp. 763, 769 (D. Del. 1943);
    <U>Davis&#160;v. Louisville Gas&#160;&#038; Electric Co.</U>,
    142 A. 654,
    <FONT style="white-space: nowrap">656-58</FONT> (Del.
    Ch. 1928); <U>Morris</U>, 122 A. at 701; <U>Peters&#160;v.
    United States Mortgage Co.,</U> 114 A. 598, 600 (Del. Ch.
    1921)); <U>Peters</U>, 114 A. at 600 (&#147;There is impliedly
    written into every corporate charter in this state, as a
    constituent part thereof, every pertinent provision of our
    Constitution and statutes. The corporation in this case was
    created under the General Corporation Law ... That law clearly
    reserves to this corporation the right to amend its certificate
    in the manner proposed.&#148;).
</DIV>





<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    In <U>Davis v. Louisville Gas&#160;&#038; Electric Co.</U>, 142
    A. 654 (Del. Ch. 1928), the Court of Chancery interpreted this
    reserved right to amend the certificate of incorporation broadly
    and observed that the legislature, by granting broad powers to
    the stockholders to amend the certificate of incorporation,
    &#147;recognized the unwisdom of casting in an unchanging mould
    the corporate powers which it conferred touching these questions
    so as to leave them fixed for all time.&#148; <U>Id.</U> at 657.
    Indeed, the Court queried, &#147;[m]ay it not be assumed that
    the Legislature foresaw that the interests of the corporations
    created by it might, as experience supplied the material for
    judgment, be best subserved by an alteration of their
    intracorporate and in a sense private powers,&#148; <U>i.e.</U>,
    by an alteration of the terms of the certificate of
    incorporation? <U>Id.</U> The Court further confirmed the
    important public policy underlying the reservation of the right
    to amend the certificate of incorporation:
</DIV>



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<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    The very fact that the [General Corporation Law]...deal[s] in
    great detail with innumerable aspects of the [certificate of
    incorporation] in what upon a glance would be regarded as
    relating to its private as distinguished from its public
    character, has some force to suggest that the state, by dealing
    with such subjects in the statute rather than by leaving them to
    be arranged by the corporate membership, has impliedly impressed
    upon such matters the quality of public interest and concern.
</DIV>



<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <U>Id.</U>
</DIV>



<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    While there is no definitive case law addressing the
    enforceability or validity, under Delaware law or otherwise, of
    a certificate of incorporation provision that attempts to place
    a blanket prohibition on amendments to certain provisions of the
    certificate of incorporation, in our view, such a provision
    would be invalid. Indeed, in confirming the fundamental
    importance of a corporation&#146;s power to amend the
    certificate of incorporation, Delaware courts have suggested, in
    dicta, that such provision might be unenforceable. <U>See</U>,
    <U>e.g.</U>, <U>Jones Apparel Group, Inc.&#160;v. Maxwell Shoe
    Co.</U>, 883 A.2d 837 (Del. Ch. 2004) (The Court suggested that
    the statutory power to recommend to stockholders amendments to
    the certificate of incorporation is a core duty of directors and
    noted that a certificate of incorporation provision purporting
    to eliminate a core duty of the directors would likely
    contravene Delaware public policy.); <U>Triplex Shoe Co.&#160;v.
    Rice&#160;&#038; Hutchins, Inc.</U>, 152 A. 342, 347, 351 (Del.
    1930) (Despite the absence of common stockholders who held the
    &#147;sole&#148; power to vote on amendments to the certificate
    of incorporation, the Court assumed that an amendment to the
    certificate of incorporation nonetheless had been validly
    approved by the preferred stockholders noting that, by &#147;the
    very necessities of the case,&#148; the holders of preferred
    stock had the power to vote where no common stock had been
    validly issued because otherwise the corporation would be
    &#147;unable to function.&#148;); <U>Sellers&#160;v. Joseph
    Bancroft&#160;&#038; Sons Co.</U>, 2 A.2d 108, 114 (Del. Ch.
    1938) (The Court questioned the validity of a certificate of
    incorporation provision requiring the vote or consent of 100% of
    the preferred stockholders to amend the
</DIV>


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<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Ideation Acquisition Corp.<BR>
    September 29, 2009<BR>
    Page 6
</DIV>
<DIV style="margin-top: 18pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    certificate of incorporation in any manner which reduced the
    pecuniary rights of the preferred stock because the 100% vote
    requirement made such provision &#147;practically
    irrepealable.&#148;).
</DIV>



<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    More recently, the Court in <U>Jones Apparel</U> suggested that
    the right of directors to recommend to stockholders amendments
    to the certificate of incorporation is a &#147;core&#148; right
    of fundamental importance under the General Corporation Law. In
    <U>Jones Apparel</U>, the Delaware Court of Chancery examined
    whether a certificate of incorporation provision eliminating the
    power of a board of directors to fix record dates was permitted
    under Section&#160;102(b)(1) of the General Corporation Law.
    While the Court upheld the validity of the record date
    provision, it was quick to point out that not all provisions in
    a certificate of incorporation purporting to eliminate director
    rights would be enforceable. <U>Jones Apparel</U>, 883 A.2d at
    848. Rather, the Court suggested that certain statutory rights
    involving &#147;core&#148; director duties may not be modified
    or eliminated through the certificate of incorporation. The
    <U>Jones Apparel</U> Court observed:
</DIV>



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<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    [Sections] 242(b)(1) and 251 do not contain the magic words
    [&#147;unless otherwise provided in the certificate of
    incorporation&#148;] and they deal respectively with the
    fundamental subjects of certificate amendments and mergers. Can
    a certificate provision divest a board of its statutory power to
    approve a merger? Or to approve a certificate amendment? Without
    answering those questions, I think it fair to say that those
    questions inarguably involve far more serious intrusions on core
    director duties than does [the record date provision at issue].
    I also think that the use by our judiciary of a more context-
    and statute-specific approach to police &#147;horribles&#148; is
    preferable to a sweeping rule that denudes &#167;&#160;102(b)(1)
    of its utility and thereby greatly restricts the room for
    private ordering under the DGCL.
</DIV>



<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <U>Id.</U> at 852. While the Court in <U>Jones Apparel</U>
    recognized that certain provisions for the regulation of the
    internal affairs of the corporation may be made subject to
    modification or elimination through the private ordering system
    of the certificate of incorporation and bylaws, it suggested
    that other powers vested in directors&#160;&#151; such as the
    power to amend the certificate of incorporation&#160;&#151; are
    so fundamental to the proper functioning of the corporation that
    they cannot be so modified or eliminated. <U>Id.</U>
</DIV>



<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    As set forth above, the statutory language of Section&#160;242
    and Delaware case law confirm that the statutory power to amend
    the certificate of incorporation is a fundamental power of
    Delaware corporations as a matter of Delaware public policy.
    Moreover, Delaware case law also suggests that the fundamental
    power to amend the certificate of incorporation is a core right
    of the directors of a Delaware corporation. Because the
    provision in the introductory paragraph of Article&#160;Sixth of
    the Certificate of Incorporation purports to eliminate the
    fundamental power of the Company (and the &#147;core&#148; right
    of the Company&#146;s directors) to amend paragraphs&#160;A
    through G of Article&#160;Sixth of the Certificate of
    Incorporation during the Restricted Period, such provision is
    contrary to the laws of the State of Delaware and, therefore, is
    invalid.
</DIV>



<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Given our conclusion that paragraph&#160;D of Article&#160;Sixth
    may be amended as provided in the Certificate of Amendment
    subject to compliance with the amendatory procedures set forth
    in Section&#160;242(b) of the General Corporation Law, you have
    asked our opinion as to the vote required for approval of the
    Certificate of Amendment. Section&#160;242(b) of the General
    Corporation Law provides the default voting requirements for an
    amendment to the certificate of incorporation. Under
    Section&#160;242(b)(1), the Board of Directors of the Company
    (the &#147;Board&#148;) would be required to adopt a resolution
    setting forth the amendment proposed (<U>i.e.</U>, the
    Certificate of Amendment) and declaring its advisability prior
    to submitting the Certificate of Amendment to the stockholders
    entitled to vote on amendments to the Certificate of
    Incorporation. The Board may adopt such resolution by the
    affirmative vote of a majority of the directors present at a
    meeting at which a quorum is present, or, alternatively, by
    unanimous written consent of all directors. <U>See</U> 8 <U>Del.
    C.</U> &#167;&#167;&#160;141(b), 141(f). After the Certificate
    of Amendment has been duly approved by the Board, it must then
    be submitted to the stockholders of the Company for a vote
    thereon. The affirmative vote of a majority of the outstanding
    stock entitled to vote thereon would be required for approval of
    the Certificate of Amendment. <U>See</U> 8 <U>Del. C.</U>
    &#167;&#167;&#160;242(b)(1). The default voting requirements set
    forth above may be increased to require a greater vote of the
</DIV>


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<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Ideation Acquisition Corp.<BR>
    September 29, 2009<BR>
    Page 7
</DIV>
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<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    directors or stockholders by a provision in the certificate of
    incorporation or the bylaws (in the case of the Board).
    <U>See</U> 8 <U>Del. C.</U> &#167;&#167;&#160;102(b)(4), 141(b),
    216,
    242(b)(4).<SUP style="font-size: 85%; vertical-align: top">5</SUP>

    However, any certificate of incorporation or bylaw provision
    purporting to impose a supermajority or unanimous voting
    requirement must otherwise be valid under the General
    Corporation Law. As discussed above, in our opinion, the
    provision in the introductory paragraph of Article&#160;Sixth of
    the Certificate of Incorporation, which purports to require the
    approval of 95% of the outstanding common stock of the Company
    to amend paragraphs&#160;A through G of Article&#160;Sixth, is
    not a valid certificate of incorporation provision under the
    General Corporation Law. Because there is no valid provision in
    the Certificate of Incorporation or Bylaws purporting to impose
    a different or greater vote of the directors or stockholders for
    the approval of an amendment to the Certificate of
    Incorporation, in our view, the statutory default voting
    requirements would apply to the approval of the Certificate of
    Amendment by the directors and stockholders of the Company.
</DIV>



<DIV style="margin-top: 18pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><U><FONT style="font-family: 'Times New Roman', Times">CONCLUSION</FONT></U></B>
</DIV>



<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Based upon and subject to the foregoing, and subject to the
    limitations stated herein, it is our opinion that the
    Certificate of Amendment, if duly adopted by the Board of
    Directors of the Company (by vote of the majority of the
    directors present at a meeting at which a quorum is present or,
    alternatively, by unanimous written consent) and duly approved
    by the holders of a majority of the outstanding stock of the
    Company entitled to vote thereon, all in accordance with
    Section&#160;242(b) of the General Corporation Law, would be
    valid and effective when filed with the Secretary of State in
    accordance with Sections&#160;103 and 242 of the General
    Corporation Law.
</DIV>



<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    The foregoing opinion is limited to the General Corporation Law.
    We have not considered and express no opinion on any other laws
    or the laws of any other state or jurisdiction, including
    federal laws regulating securities or any other federal laws, or
    the rules and regulations of stock exchanges or of any other
    regulatory body.
</DIV>





<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    The foregoing opinion is rendered for your benefit in connection
    with the matters addressed herein. We understand that you may
    furnish a copy of this opinion letter to the SEC in connection
    with the matters addressed herein. We further understand that
    you may include this opinion letter as an annex to your proxy
    statement for the special meeting of stockholders of the Company
    to consider and vote upon the Certificate of Amendment or as an
    exhibit to the Registration Statement on
    <FONT style="white-space: nowrap">Form&#160;S-4</FONT>
    filed in connection therewith, and we consent to your doing so.
    Except as stated in this paragraph, this opinion letter may not
    be furnished or quoted to, nor may the foregoing opinion be
    relied upon by, any other person or entity for any purpose
    without our prior written consent.
</DIV>





<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 49%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Very truly yours,<br><br>/s/ Richards, Layton &amp; Finger, P.A.
</DIV>



<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    CSB/TNP
</DIV>


<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV><DIV style="font-size: 1pt; margin-left: 0%; width: 13%; align: left; border-bottom: 1pt solid #000000"></DIV><DIV style="margin-top: 3pt; font-size: 1pt">&nbsp;</DIV>
<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <SUP style="font-size: 85%; vertical-align: top">5</SUP>&#160;<u>See</u> <u>supra</u> note&#160;3 and accompanying text.
</DIV>


<P align="center" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <BR>
    J-7
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<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->

<DIV style="margin-top: 18pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

</DIV>


<DIV align="center" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <U><FONT style="font-family: 'Times New Roman', Times">&nbsp;</FONT></U>
</DIV>
<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">CERTIFICATE OF AMENDMENT<BR>
    TO<BR>
    THE AMENDED AND RESTATED CERTIFICATE OF INCORPORATION<BR>
    OF<BR>
    IDEATION ACQUISITION CORP.</FONT></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    IDEATION ACQUISITION CORP., a corporation organized and existing
    under and by virtue of the General Corporation Law of the State
    of Delaware (the &#147;Corporation&#148;), DOES HEREBY CERTIFY:
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    FIRST:&#160;&#160;That the Board of Directors of said
    corporation, at a duly called and held meeting of its members,
    adopted a resolution proposing and declaring advisable the
    following amendment to the Amended and Restated Certificate of
    Incorporation of said corporation (the &#147;Amendment&#148;):
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    RESOLVED, that SECTION&#160;D OF ARTICLE&#160;SIXTH of the
    Amended and Restated Certificate of Incorporation of the
    Corporation is amended in its entirety to read as follows:
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    &#147;At the time the Corporation seeks approval of the Initial
    Business Combination in accordance with paragraph&#160;C above,
    each holder of IPO Shares (each a &#147;Public
    Stockholder&#148;) may, at its option, in accordance with the
    terms of this Section, convert its IPO Shares into cash at a per
    share conversion price (the &#147;Conversion Price&#148;),
    calculated as of two business days prior to the proposed
    consummation of the Initial Business Combination, equal to
    (A)&#160;the amount in the Trust&#160;Account, inclusive of
    (x)&#160;the proceeds from the IPO held in the
    Trust&#160;Account and the proceeds from the sale of the Insider
    Warrants, (y)&#160;the amount held in the Trust&#160;Account
    representing the Deferred Underwriting Compensation and
    (z)&#160;any interest income earned on the funds held in the
    Trust&#160;Account, net of taxes payable, that is not released
    to the Corporation to cover its operating expenses in accordance
    with paragraph&#160;B above, divided by (B)&#160;the number of
    IPO Shares outstanding on the date of calculation (including
    shares sold pursuant to the exercise of the over-allotment
    option, if any). If a majority of the shares voted by the Public
    Stockholders are voted to approve the Initial Business
    Combination, and if Public Stockholders owning less than 30% of
    the total IPO Shares both (1)&#160;vote against approval of the
    proposed Initial Business Combination and (2)&#160;elect to
    convert their shares, the Corporation will proceed with such
    Initial Business Combination. If the Corporation so proceeds,
    subject to the availability of lawful funds therefor, the
    Corporation will convert IPO Shares held by those Public
    Stockholders who have voted such IPO Shares, either in person or
    by proxy, for or against the Initial Business Combination,
    regardless of whether such IPO Shares were voted for or against
    the Initial Business Combination, and in connection with voting
    such shares, have affirmatively elected to convert such IPO
    Shares into cash at the Conversion Price. Only Public
    Stockholders shall be entitled to receive distributions from the
    Trust&#160;Account in connection with the approval of an Initial
    Business Combination, and the Corporation shall pay no
    distributions with respect to any other holders or shares of
    capital stock of the Corporation. If Public Stockholders holding
    30% or more of the IPO Shares vote against approval of the
    proposed Initial Business Combination and elect to convert their
    IPO Shares, the Corporation will not proceed with such Initial
    Business Combination and will not convert any IPO Shares.&#148;
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    SECOND:&#160;&#160;This Certificate of Amendment was duly
    adopted by the stockholders of the Corporation in accordance
    with Section&#160;242 of the General Corporation Law of the
    State of Delaware.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    THIRD:&#160;&#160;That the aforesaid amendment was duly
    adopted in accordance with the applicable provisions of
    Sections&#160;242 of the General Corporation Law of the State of
    Delaware.
</DIV>

<P align="center" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <BR>
    J-8
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<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->


<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    IN WITNESS WHEREOF, the Corporation has caused this certificate
    to be signed by its President and Chief Executive Officer,
    this&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;
    day of , 2009.
</DIV>

<DIV style="margin-top: 24pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 49%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    IDEATION ACQUISITION CORP.
</DIV>

<DIV style="margin-top: 48pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="49%"></TD>
    <TD width="4%"></TD>
    <TD width="47%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    By:&#160;
</TD>
    <TD align="left">
    <DIV style="display:inline; text-align:left;">&#160;&#160;&#160;<FONT style="font-variant: SMALL-CAPS">&#160;</FONT></DIV>
</TD>
</TR>

</TABLE>

<DIV style="font-size: 2pt; margin-left: 53%; width: 100%;  align: left; border-bottom: 1pt solid #000000"></DIV><!-- callerid=999 iwidth=456 length=0 -->

<DIV align="left" style="margin-left: 53%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Name:&#160;&#160;&#160;&#160;&#160;Robert Fried
</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="53%"></TD>
    <TD width="8%"></TD>
    <TD width="39%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    Title:&#160;
</TD>
    <TD align="left">
    President and Chief Executive Officer
</TD>
</TR>

</TABLE>

<P align="center" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <BR>
    J-9
</DIV><!-- END PAGE WIDTH -->
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<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->

<DIV align="right" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">Annex&#160;K</FONT></B>
</DIV>

<DIV style="margin-top: 18pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <FONT style="font-family: 'Times New Roman', Times">Ideation
    Acquisition Corp.<BR>
    1990&#160;S.&#160;Bundy Drive, Suite&#160;620<BR>
    Los Angeles, CA 90025
    </FONT>
</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <FONT style="font-family: 'Times New Roman', Times">September&#160;8,
    2009
    </FONT>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <FONT style="font-family: 'Times New Roman', Times">To the
    Investors Listed on Exhibit&#160;A Hereto (&#147;Investors&#148;)
    </FONT>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <I>Re:</I>&#160;&#160;Exchange of Securities of SearchMedia
    Holdings Limited
</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <FONT style="font-family: 'Times New Roman', Times">Ladies and
    Gentlemen:
    </FONT>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Reference is made to the Agreement and Plan of Merger,
    Conversion and Share Exchange, dated as of March&#160;31, 2009,
    by and among Ideation Acquisition Corp. (&#147;Ideation&#148;),
    SearchMedia International Limited (&#147;SM Cayman&#148;) and
    the other parties named therein, as amended and as may be
    further amended from time to time (the &#147;Agreement&#148;).
    All capitalized terms used but not defined herein shall have the
    definitions set forth in the Agreement.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    For a period of two years from and after the Closing Date, if ID
    Cayman issues, on any one or more occasions, any preferred
    shares
    <FONT style="white-space: nowrap">and/or</FONT> other
    equity security (or any security convertible into or
    exchangeable or exercisable for preferred shares
    <FONT style="white-space: nowrap">and/or</FONT> other
    equity security) (a &#147;Financing&#148;), then each of the
    undersigned Investors (and its successors, assigns and
    transferees) shall have the right to cause ID Cayman to
    repurchase its Acquired Shares (as converted into ID Cayman
    Shares pursuant to the Conversion), Warrant Shares and Note
    Shares in exchange for new securities of the same class or
    series of preferred shares
    <FONT style="white-space: nowrap">and/or</FONT> other
    equity securities issued pursuant to such Financing (&#147;New
    Securities&#148;) on the same terms and conditions of such
    Financing; <I>provided </I>that each such Acquired Share,
    Warrant Share and Note Share shall be valued at $7.8815 per
    share for purposes of calculating the number of New Securities
    to be issued to such Investor (subject to adjustment for share
    splits, dividends, recapitalizations, and other similar events).
    Each such Investor will be entitled to all the same rights and
    privileges as the participants in such Financing on a <I>pari
    passu </I>basis. Notwithstanding the foregoing, the undersigned
    Investors, as a group, may only exchange a number of such shares
    with an aggregate dollar value equal to the aggregate dollar
    amount of New Securities sold in the Financing.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    The undersigned Investors may exercise the exchange rights set
    forth in this letter upon any successive Financing that closes
    within two years after the Closing Date with respect to
    (a)&#160;any New Securities received upon any prior exchange
    hereunder and (b)&#160;any Acquired Shares (as converted into ID
    Cayman Shares pursuant to the Conversion), Warrant Shares and
    Note Shares not previously exchanged pursuant to this letter.
    The valuation of New Securities being exchanged in connection
    with such successive financing shall be based upon the valuation
    of such shares at the time of issuance, plus all accrued and
    unpaid dividends, interest or other payment rights (all subject
    to adjustment for share splits, dividends, recapitalizations,
    and other similar events). Ideation hereby agrees that it will
    provide the undersigned Investors with thirty (30)&#160;days
    advance written notice of any proposed Financing, and each such
    Investor shall have a period of twenty-five (25)&#160;days after
    receipt of such notice to elect to exchange all or any portion
    of its securities hereunder by written notice to ID Cayman.
    Notices shall be provided hereunder in the same manner provided
    in the Agreement, to ID Cayman at the address of its principal
    office and to the Investors at the addresses set forth in
    Exhibit&#160;A hereto.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    On or prior to the Closing, Ideation shall sign a counterpart of
    this Agreement with each other Person who acquires Acquired
    Shares or who will acquire at or after the Closing any Warrant
    Shares or Note Shares, and such Persons shall be deemed
    &#147;Investors&#148; hereunder.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    In the event that the Agreement is terminated, this letter
    agreement shall also terminate and be of no force or effect.
    Furthermore, this letter agreement is enforceable by any
    Investor who is a signatory hereto, regardless of whether or not
    it has been signed by any other Investor.
</DIV>

<P align="center" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <BR>
    K-1
</DIV><!-- END PAGE WIDTH -->
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<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Please indicate your consent to the aforementioned by signing
    this letter in the space indicated below and returning it to
    Ideation.
</DIV>

<DIV style="margin-top: 24pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 49%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Very truly yours,
</DIV>

<DIV style="margin-top: 14pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 49%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    IDEATION ACQUISITION CORP.
</DIV>

<DIV style="margin-top: 48pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="49%"></TD>
    <TD width="4%"></TD>
    <TD width="47%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    By:&#160;
</TD>
    <TD align="left">
    <DIV style="display:inline; text-align:left;">/s/&#160;&#160;<FONT style="font-variant: SMALL-CAPS">Robert
    N. Fried</FONT></DIV>
</TD>
</TR>

</TABLE>

<DIV style="font-size: 2pt; margin-left: 53%; width: 100%;  align: left; border-bottom: 1pt solid #000000"></DIV><!-- callerid=999 iwidth=456 length=0 -->

<DIV align="left" style="margin-left: 53%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Name:&#160;&#160;&#160;&#160;&#160;Robert N. Fried
</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="53%"></TD>
    <TD width="8%"></TD>
    <TD width="39%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    Title:&#160;
</TD>
    <TD align="left">
    President and Chief Executive
</TD>
</TR>

</TABLE>

<DIV align="left" style="margin-left: 61%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Officer
</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    ACKNOWLEDGED AND AGREED
</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    this 8<SUP style="font-size: 85%; vertical-align: top">th</SUP>

    day of September, 2009:
</DIV>

<DIV style="margin-top: 24pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 49%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Frost Gamma Investments Trust
</DIV>

<DIV style="margin-top: 28pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="3%"></TD>
    <TD width="48%"></TD>
    <TD width="49%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>    By:&#160;
</TD>
    <TD align="left">
    <DIV style="display:inline; text-align:left;">/s/&#160;&#160;<FONT style="font-variant: SMALL-CAPS">Phillip
    Frost</FONT></DIV>
</TD>
    <TD>&nbsp;</TD>
</TR>

</TABLE>

<DIV style="font-size: 2pt; margin-right: 49%; width: 100%;  align: left; border-bottom: 1pt solid #000000"></DIV><!-- callerid=999 iwidth=456 length=0 -->

<DIV align="left" style="margin-left: 3%; margin-right: 49%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Name:&#160;&#160;&#160;&#160;&#160;Phillip Frost
</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="3%"></TD>
    <TD width="7%"></TD>
    <TD width="41%"></TD>
    <TD width="49%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    Title:&#160;
</TD>
    <TD align="left">
    Trustee
</TD>
    <TD>&nbsp;</TD>
</TR>

</TABLE>

<DIV style="margin-top: 24pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 49%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    The Frost Group, LLC
</DIV>

<DIV style="margin-top: 48pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="3%"></TD>
    <TD width="48%"></TD>
    <TD width="49%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>    By:&#160;
</TD>
    <TD align="left">
    <DIV style="display:inline; text-align:left;">/s/&#160;&#160;<FONT style="font-variant: SMALL-CAPS">Steven
    D. Rubin</FONT></DIV>
</TD>
    <TD>&nbsp;</TD>
</TR>

</TABLE>

<DIV style="font-size: 2pt; margin-right: 49%; width: 100%;  align: left; border-bottom: 1pt solid #000000"></DIV><!-- callerid=999 iwidth=456 length=0 -->

<DIV align="left" style="margin-left: 3%; margin-right: 49%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Name:&#160;&#160;&#160;&#160;&#160;Steven D. Rubin
</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="3%"></TD>
    <TD width="7%"></TD>
    <TD width="41%"></TD>
    <TD width="49%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    Title:&#160;
</TD>
    <TD align="left">
    Member
</TD>
    <TD>&nbsp;</TD>
</TR>

</TABLE>

<DIV style="margin-top: 24pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 49%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Linden Ventures&#160;II (BVI), Ltd.
</DIV>

<DIV style="margin-top: 28pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="3%"></TD>
    <TD width="48%"></TD>
    <TD width="49%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>    By:&#160;
</TD>
    <TD align="left">
    <DIV style="display:inline; text-align:left;">/s/&#160;&#160;<FONT style="font-variant: SMALL-CAPS">Craig
    Jarvis</FONT></DIV>
</TD>
    <TD>&nbsp;</TD>
</TR>

</TABLE>

<DIV style="font-size: 2pt; margin-right: 49%; width: 100%;  align: left; border-bottom: 1pt solid #000000"></DIV><!-- callerid=999 iwidth=456 length=0 -->

<DIV align="left" style="margin-left: 3%; margin-right: 49%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Name:&#160;&#160;&#160;&#160;&#160;Craig Jarvis
</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="3%"></TD>
    <TD width="7%"></TD>
    <TD width="41%"></TD>
    <TD width="49%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    Title:&#160;
</TD>
    <TD align="left">
    Authorized Signatory
</TD>
    <TD>&nbsp;</TD>
</TR>

</TABLE>

<P align="center" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <BR>
    K-2
</DIV><!-- END PAGE WIDTH -->
<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>

<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->

<DIV align="left" style="margin-left: 0%; margin-right: 49%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    China Seed Ventures, L.P.
</DIV>

<DIV style="margin-top: 28pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="3%"></TD>
    <TD width="48%"></TD>
    <TD width="49%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>    By:&#160;
</TD>
    <TD align="left">
    <DIV style="display:inline; text-align:left;">/s/&#160;&#160;<FONT style="font-variant: SMALL-CAPS">Earl
    Ching-Hwa Yen</FONT></DIV>
</TD>
    <TD>&nbsp;</TD>
</TR>

</TABLE>

<DIV style="font-size: 2pt; margin-right: 49%; width: 100%;  align: left; border-bottom: 1pt solid #000000"></DIV><!-- callerid=999 iwidth=456 length=0 -->

<DIV align="left" style="margin-left: 3%; margin-right: 49%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Name:&#160;&#160;&#160;&#160;&#160;Earl Ching-Hwa Yen
</DIV>

<DIV style="margin-top: 24pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 49%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <DIV style="display:inline; text-align:left;">/s/&#160;&#160;<FONT style="font-variant: SMALL-CAPS">Qinying
    Liu</FONT></DIV>
</DIV>

<DIV style="font-size: 2pt; margin-right: 49%; width: 100%;  align: left; border-bottom: 1pt solid #000000"></DIV><!-- callerid=999 iwidth=456 length=0 -->

<DIV align="left" style="margin-left: 0%; margin-right: 49%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Qinying Liu
</DIV>

<DIV style="margin-top: 14pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 49%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <DIV style="display:inline; text-align:left;">/s/&#160;&#160;<FONT style="font-variant: SMALL-CAPS">Le
    Yang</FONT></DIV>
</DIV>

<DIV style="font-size: 2pt; margin-right: 49%; width: 100%;  align: left; border-bottom: 1pt solid #000000"></DIV><!-- callerid=999 iwidth=456 length=0 -->

<DIV align="left" style="margin-left: 0%; margin-right: 49%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Le Yang
</DIV>

<DIV style="margin-top: 14pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 49%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <DIV style="display:inline; text-align:left;">/s/&#160;&#160;<FONT style="font-variant: SMALL-CAPS">Xuebao
    Yang</FONT></DIV>
</DIV>

<DIV style="font-size: 2pt; margin-right: 49%; width: 100%;  align: left; border-bottom: 1pt solid #000000"></DIV><!-- callerid=999 iwidth=456 length=0 -->

<DIV align="left" style="margin-left: 0%; margin-right: 49%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Xuebao Yang
</DIV>

<DIV style="margin-top: 14pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 49%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <DIV style="display:inline; text-align:left;">/s/&#160;&#160;<FONT style="font-variant: SMALL-CAPS">Min
    Wu</FONT></DIV>
</DIV>

<DIV style="font-size: 2pt; margin-right: 49%; width: 100%;  align: left; border-bottom: 1pt solid #000000"></DIV><!-- callerid=999 iwidth=456 length=0 -->

<DIV align="left" style="margin-left: 0%; margin-right: 49%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Min Wu
</DIV>

<DIV style="margin-top: 24pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 49%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Chardan Securities LLC
</DIV>

<DIV style="margin-top: 28pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="3%"></TD>
    <TD width="48%"></TD>
    <TD width="49%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>    By:&#160;
</TD>
    <TD align="left">
    <DIV style="display:inline; text-align:left;">/s/&#160;&#160;<FONT style="font-variant: SMALL-CAPS">Kerry
    Propper</FONT></DIV>
</TD>
    <TD>&nbsp;</TD>
</TR>

</TABLE>

<DIV style="font-size: 2pt; margin-right: 49%; width: 100%;  align: left; border-bottom: 1pt solid #000000"></DIV><!-- callerid=999 iwidth=456 length=0 -->

<DIV align="left" style="margin-left: 3%; margin-right: 49%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Name:&#160;&#160;&#160;&#160;&#160;Kerry Propper
</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="3%"></TD>
    <TD width="7%"></TD>
    <TD width="41%"></TD>
    <TD width="49%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    Title:&#160;
</TD>
    <TD align="left">

</TD>
    <TD>&nbsp;</TD>
</TR>

</TABLE>

<DIV style="margin-top: 14pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 49%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <DIV style="display:inline; text-align:left;">/s/&#160;&#160;<FONT style="font-variant: SMALL-CAPS">Min
    Wu</FONT></DIV>
</DIV>

<DIV style="font-size: 2pt; margin-right: 49%; width: 100%;  align: left; border-bottom: 1pt solid #000000"></DIV><!-- callerid=999 iwidth=456 length=0 -->

<DIV align="left" style="margin-left: 0%; margin-right: 49%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Min Wu
</DIV>

<DIV style="margin-top: 14pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 49%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <DIV style="display:inline; text-align:left;">/s/&#160;&#160;<FONT style="font-variant: SMALL-CAPS">Robert
    Fried</FONT></DIV>
</DIV>

<DIV style="font-size: 2pt; margin-right: 49%; width: 100%;  align: left; border-bottom: 1pt solid #000000"></DIV><!-- callerid=999 iwidth=456 length=0 -->

<DIV align="left" style="margin-left: 0%; margin-right: 49%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Robert Fried
</DIV>

<DIV style="margin-top: 14pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 49%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <DIV style="display:inline; text-align:left;">/s/&#160;&#160;<FONT style="font-variant: SMALL-CAPS">Rao
    Uppaluri</FONT></DIV>
</DIV>

<DIV style="font-size: 2pt; margin-right: 49%; width: 100%;  align: left; border-bottom: 1pt solid #000000"></DIV><!-- callerid=999 iwidth=456 length=0 -->

<DIV align="left" style="margin-left: 0%; margin-right: 49%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Rao Uppaluri
</DIV>

<DIV style="margin-top: 14pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 49%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Halpryn Capital Partners LLC
</DIV>

<DIV style="margin-top: 28pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="3%"></TD>
    <TD width="48%"></TD>
    <TD width="49%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>    By:&#160;
</TD>
    <TD align="left">
    <DIV style="display:inline; text-align:left;">/s/&#160;&#160;<FONT style="font-variant: SMALL-CAPS">Glenn
    Halpryn</FONT></DIV>
</TD>
    <TD>&nbsp;</TD>
</TR>

</TABLE>

<DIV style="font-size: 2pt; margin-right: 49%; width: 100%;  align: left; border-bottom: 1pt solid #000000"></DIV><!-- callerid=999 iwidth=456 length=0 -->

<DIV align="left" style="margin-left: 3%; margin-right: 49%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Name:&#160;&#160;&#160;&#160;&#160;Glenn Halpryn
</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="3%"></TD>
    <TD width="7%"></TD>
    <TD width="41%"></TD>
    <TD width="49%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    Title:&#160;
</TD>
    <TD align="left">
    Managing Member
</TD>
    <TD>&nbsp;</TD>
</TR>

</TABLE>

<P align="center" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <BR>
    K-3
</DIV><!-- END PAGE WIDTH -->
<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>

<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->

<DIV align="center" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><U><FONT style="font-family: 'Times New Roman', Times">Exhibit&#160;A</FONT></U></B>
</DIV>

<DIV style="margin-top: 3pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <B>Investors</B>
</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <FONT style="font-family: 'Times New Roman', Times">Frost Gamma
    Investments Trust
    </FONT>
</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <FONT style="white-space: nowrap">c/o&#160;Frost</FONT>
    Administrative Services, Inc.
</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    4400 Biscayne Boulevard, 15th Floor
</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Miami, Florida 33137
</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <FONT style="font-family: 'Times New Roman', Times">The Frost
    Group, LLC
    </FONT>
</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    4400 Biscayne Boulevard, 15th Floor
</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Miami, Florida 33137
</DIV>



<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <FONT style="font-family: 'Times New Roman', Times">China Seed
    Ventures, L.P.
    </FONT>
</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Rm. 104, Bldg. 18
</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    No.&#160;800 Huashan Road
</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Shanghai, 200050, China
</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <FONT style="font-family: 'Times New Roman', Times">Qinying Liu
    </FONT>
</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Room&#160;4B, Yinglong Building
</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    No.&#160;1358 Yan An Road West
</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Shanghai 200052, China
</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <FONT style="font-family: 'Times New Roman', Times">Le Yang
    </FONT>
</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Room&#160;4B, Yinglong Building
</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    No.&#160;1358 Yan An Road West
</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Shanghai 200052, China
</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <FONT style="font-family: 'Times New Roman', Times">Xuebao Yang
    </FONT>
</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Room&#160;4B, Yinglong Building
</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    No.&#160;1358 Yan An Road West
</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Shanghai 200052, China
</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <FONT style="font-family: 'Times New Roman', Times">Jianhai
    Huang
    </FONT>
</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Room&#160;4B, Yinglong Building
</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    No.&#160;1358 Yan An Road West
</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Shanghai 200052, China
</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <FONT style="font-family: 'Times New Roman', Times">Halpryn
    Capital Partners LLC
    </FONT>
</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    4400 Biscayne Boulevard, Suite&#160;950
</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Miami, Florida 33137
</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">

</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">

</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <FONT style="font-family: 'Times New Roman', Times">Linden
    Ventures&#160;II (BVI), Ltd.
    </FONT>
</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <FONT style="white-space: nowrap">c/o&#160;Linden</FONT>
    Advisors
</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    590 Madison Avenue, 15th Floor
</DIV>


<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
     New York, New York 10022
</DIV>


<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <FONT style="font-family: 'Times New Roman', Times">Rao Uppaluri
    </FONT>
</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    4400 Biscayne Boulevard, 15th Floor
</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Miami, Florida 33137
</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">


</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Robert Fried
</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    4400 Biscayne Boulevard, 15th Floor
</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Miami, Florida 33137
</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">


</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Chardan Securities LLC
</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    17 State Street, Suite&#160;1600
</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    New York, NY 10004
</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <FONT style="font-family: 'Times New Roman', Times">Min Wu
    </FONT>
</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Room&#160;4B, Yinglong Building
</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    No.&#160;1358 Yan An Road West
</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Shanghai 200052, China
</DIV>

<P align="center" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <BR>
    K-4
</DIV><!-- END PAGE WIDTH -->
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<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>

<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="right" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">Annex
    L</FONT></B>
</DIV>


<DIV style="margin-top: 18pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">FORM
    OF<BR>
    CERTIFICATE OF AMENDMENT<BR>
    TO<BR>
    THE AMENDED AND RESTATED CERTIFICATE OF INCORPORATION<BR>
    OF<BR>
    IDEATION ACQUISITION CORP.</FONT></B>
</DIV>


<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    IDEATION ACQUISITION CORP., a corporation organized and existing
    under and by virtue of the General Corporation Law of the State
    of Delaware (the &#147;Corporation&#148;), DOES HEREBY CERTIFY:
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <I>FIRST:</I>&#160;&#160;That the Board of Directors of said
    corporation, at a duly called and held meeting of its members,
    adopted a resolution proposing and declaring advisable the
    following amendment to the Amended and Restated Certificate of
    Incorporation of said corporation (the &#147;Amendment&#148;):
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    RESOLVED, that SECTION&#160;D OF ARTICLE&#160;SIXTH of the
    Amended and Restated Certificate of Incorporation of the
    Corporation is amended in its entirety to read as follows:
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    &#147;At the time the Corporation seeks approval of the Initial
    Business Combination in accordance with paragraph&#160;C above,
    each holder of IPO Shares (each a &#147;Public
    Stockholder&#148;) may, at its option, in accordance with the
    terms of this Section, convert its IPO Shares into cash at a per
    share conversion price (the &#147;Conversion Price&#148;),
    calculated as of two business days prior to the proposed
    consummation of the Initial Business Combination, equal to
    (A)&#160;the amount in the Trust&#160;Account, inclusive of
    (x)&#160;the proceeds from the IPO held in the
    Trust&#160;Account and the proceeds from the sale of the Insider
    Warrants, (y)&#160;the amount held in the Trust&#160;Account
    representing the Deferred Underwriting Compensation and
    (z)&#160;any interest income earned on the funds held in the
    Trust&#160;Account, net of taxes payable, that is not released
    to the Corporation to cover its operating expenses in accordance
    with paragraph&#160;B above, divided by (B)&#160;the number of
    IPO Shares outstanding on the date of calculation (including
    shares sold pursuant to the exercise of the over-allotment
    option, if any). If a majority of the shares voted by the Public
    Stockholders are voted to approve the Initial Business
    Combination, and if Public Stockholders owning less than 30% of
    the total IPO Shares both (1)&#160;vote against approval of the
    proposed Initial Business Combination and (2)&#160;elect to
    convert their shares, the Corporation will proceed with such
    Initial Business Combination. If the Corporation so proceeds,
    subject to the availability of lawful funds therefor, the
    Corporation will convert IPO Shares held by those Public
    Stockholders who have voted such IPO Shares, either in person or
    by proxy, for or against the Initial Business Combination,
    regardless of whether such IPO Shares were voted for or against
    the Initial Business Combination, and in connection with voting
    such shares, have affirmatively elected to convert such IPO
    Shares into cash at the Conversion Price. Only Public
    Stockholders shall be entitled to receive distributions from the
    Trust&#160;Account in connection with the approval of an Initial
    Business Combination, and the Corporation shall pay no
    distributions with respect to any other holders or shares of
    capital stock of the Corporation. If Public Stockholders holding
    30% or more of the IPO Shares vote against approval of the
    proposed Initial Business Combination and elect to convert their
    IPO Shares, the Corporation will not proceed with such Initial
    Business Combination and will not convert any IPO Shares.&#148;
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <I>SECOND:</I>&#160;&#160;This Certificate of Amendment was duly
    adopted by the stockholders of the Corporation in accordance
    with Section&#160;242 of the General Corporation Law of the
    State of Delaware.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <I>THIRD:</I>&#160;&#160;That the aforesaid amendment was duly
    adopted in accordance with the applicable provisions of
    Sections&#160;242 of the General Corporation Law of the State of
    Delaware.
</DIV>

<P align="center" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <BR>
    L-1
</DIV><!-- END PAGE WIDTH -->
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<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>

<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    IN WITNESS WHEREOF, the Corporation has caused this certificate
    to be signed by its President and Chief Executive Officer,
    this&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;
    day of , 2009.
</DIV>

<DIV style="margin-top: 24pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 49%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    IDEATION ACQUISITION CORP.
</DIV>

<DIV style="margin-top: 48pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="49%"></TD>
    <TD width="4%"></TD>
    <TD width="47%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    By:&#160;
</TD>
    <TD align="left">
    <DIV style="display:inline; text-align:left;">&#160;&#160;&#160;<FONT style="font-variant: SMALL-CAPS">&#160;</FONT></DIV>
</TD>
</TR>

</TABLE>

<DIV style="font-size: 2pt; margin-left: 53%; width: 100%;  align: left; border-bottom: 1pt solid #000000"></DIV><!-- callerid=999 iwidth=456 length=0 -->

<DIV align="left" style="margin-left: 53%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Name:&#160;&#160;&#160;&#160;&#160;Robert Fried
</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="53%"></TD>
    <TD width="8%"></TD>
    <TD width="39%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    Title:&#160;
</TD>
    <TD align="left">
    President and Chief Executive Officer
</TD>
</TR>

</TABLE>

<P align="center" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <BR>
    L-2
</DIV><!-- END PAGE WIDTH -->
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<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>

<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->

<DIV align="center" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">PART&#160;II<BR>
    </FONT></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">INFORMATION
    NOT REQUIRED IN PROSPECTUS</FONT></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

<TR>
    <TD width="10%"></TD>
    <TD width="90%"></TD>
</TR>

<TR valign="top">
    <TD>
    <B><FONT style="font-family: 'Times New Roman', Times">ITEM&#160;20.<I>&#160;&#160;</I></FONT></B>
</TD>
    <TD>
    <B><I><FONT style="font-family: 'Times New Roman', Times">INDEMNIFICATION
    OF DIRECTORS AND OFFICERS.</FONT></I></B>
</TD>
</TR>

</TABLE>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">Ideation</FONT></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Delaware law generally permits a corporation to indemnify its
    directors and officers against expenses, judgments, fines and
    amounts paid in settlement actually and reasonably incurred in
    connection with any action, other than an action brought by or
    on behalf of the corporation, and against expenses actually and
    reasonably incurred in the defense or settlement of a derivative
    action, provided that there is a determination that the
    individual acted in good faith and in a manner reasonably
    believed to be in or not opposed to the best interests of the
    corporation. That determination must be made, in the case of an
    individual who is a director or officer at the time of the
    determination:
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="4%"></TD>
    <TD width="2%"></TD>
    <TD width="94%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    by a majority of the disinterested directors, even though less
    than a quorum;
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    by a committee of disinterested directors, designated by a
    majority vote of disinterested directors, even though less than
    a quorum;
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    by independent legal counsel, if there are no disinterested
    directors or if the disinterested directors so direct;&#160;or
</TD>
</TR>


<TR style="line-height: 6pt; font-size: 1pt"><TD>&nbsp;</TD></TR>


<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    &#149;&#160;
</TD>
    <TD align="left">
    by a majority vote of the shareholders.
</TD>
</TR>

</TABLE>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Without court approval, however, no indemnification may be made
    in respect of any derivative action in which an individual is
    adjudged liable to the corporation.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Delaware law requires indemnification of directors and officers
    for expenses relating to a successful defense on the merits or
    otherwise of a derivative or third-party action. Delaware law
    permits a corporation to advance expenses relating to the
    defense of any proceeding to directors and officers. With
    respect to officers and directors, the advancement of expenses
    is contingent upon those individuals undertaking to repay any
    advances if it is ultimately determined that such person is not
    entitled to be indemnified by the corporation.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Ideation&#146;s certificate makes indemnification of directors
    and officers and advancement of expenses to defend claims
    against directors and officers mandatory on the part of Ideation
    to the fullest extent permitted by law.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Insofar as indemnification for liabilities arising under the
    Securities Act of 1933&#160;may be permitted to directors,
    officers or persons controlling the registrant pursuant to the
    foregoing provisions, the registrant has been informed that in
    the opinion of the Securities and Exchange Commission such
    indemnification is against public policy as expressed in the Act
    and is therefore unenforceable.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">ID
    Cayman</FONT></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Cayman Islands law does not limit the extent to which a
    company&#146;s articles of association may provide for the
    indemnification of its directors, officers, employees and agents
    except to the extent that such provision may be held by the
    Cayman Islands courts to be contrary to public policy. For
    instance, the provision purporting to provide indemnification
    against the consequences of committing a crime may be deemed
    contrary to public policy. In addition, an officer or director
    may not be indemnified for his or her own fraud, willful neglect
    or willful default.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Article&#160;145 of ID Cayman&#146;s articles of association
    make indemnification of directors and officers and advancement
    of expenses to defend claims against directors and officers
    mandatory on the part of ID Cayman to the fullest extent allowed
    by law.
</DIV>

<P align="center" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <BR>
    II-1
</DIV><!-- END PAGE WIDTH -->
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<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>

<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

<TR>
    <TD width="10%"></TD>
    <TD width="90%"></TD>
</TR>

<TR valign="top">
    <TD>
    <B><FONT style="font-family: 'Times New Roman', Times">ITEM&#160;21.<I>&#160;&#160;</I></FONT></B>
</TD>
    <TD>
    <B><I><FONT style="font-family: 'Times New Roman', Times">EXHIBITS&#160;AND
    FINANCIAL STATEMENT SCHEDULES.</FONT></I></B>
</TD>
</TR>

</TABLE>

<DIV style="margin-top: 3pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (a)&#160;Exhibits
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left"><FONT size="1">

</FONT></DIV>

<TABLE border="0" width="100%" align="center" cellpadding="0" cellspacing="0" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
<!-- Table Width Row BEGIN -->
<TR style="font-size: 1pt" valign="bottom">
    <TD width="4%" align="right">&nbsp;</TD>	<!-- colindex=01 type=lead -->
    <TD width="1%" align="right">&nbsp;</TD>	<!-- colindex=01 type=body -->
    <TD width="4%" align="left">&nbsp;</TD>	<!-- colindex=01 type=align1 -->
    <TD width="2%">&nbsp;</TD>	<!-- colindex=02 type=gutter -->
    <TD width="89%">&nbsp;</TD>	<!-- colindex=02 type=maindata -->
</TR>
<!-- Table Width Row END -->
<TR style="font-size: 8pt" valign="bottom" align="center">
<TD colspan="3" nowrap align="center" valign="bottom">
<DIV style="border-bottom: 1px solid #000000; width: 1%; padding-bottom: 1px">
    <B>Exhibit No.</B>
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="bottom">
<DIV style="border-bottom: 1px solid #000000; width: 1%; padding-bottom: 1px">
    <B>Description</B>
</DIV>
</TD>
</TR>
<TR style="line-height: 3pt; font-size: 1pt">
<TD>&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="right" valign="top">
&nbsp;
</TD>
<TD nowrap align="right" valign="top">
    2
</TD>
<TD nowrap align="left" valign="top">
    .1
</TD>
<TD>
&nbsp;
</TD>
<TD align="left" valign="top">
    Agreement and Plan of Merger, Conversion and Share Exchange by
    and among Ideation Acquisition Corp., the registrant,
    SearchMedia International Limited, the subsidiaries of
    SearchMedia International Limited, the subsidiaries of
    SearchMedia International Limited, Shanghai Jingli Advertising
    Co., Ltd. and certain shareholders and warrantholders of
    SearchMedia International Limited&#134;*
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="right" valign="top">
&nbsp;
</TD>
<TD nowrap align="right" valign="top">
    2
</TD>
<TD nowrap align="left" valign="top">
    .2
</TD>
<TD>
&nbsp;
</TD>
<TD align="left" valign="top">
    First Amendment to Agreement and Plan of Merger, Conversion and
    Share Exchange, dated as of May&#160;27, 2009, by and among the
    registrant, Earl Yen, Tommy Cheung and Stephen Lau and Qinying
    Liu*
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="right" valign="top">
&nbsp;
</TD>
<TD nowrap align="right" valign="top">
    2
</TD>
<TD nowrap align="left" valign="top">
    .3
</TD>
<TD>
&nbsp;
</TD>
<TD align="left" valign="top">
    Second Amendment to Agreement and Plan of Merger, Conversion and
    Share Exchange, dated as of September&#160;8, 2009, by and among
    the registrant, Earl Yen, Tommy Cheung, Stephen Lau, Qinying
    Liu, Linden Ventures, Inc., Vervain Equity Investment Limited,
    Sun Hing Associates Limited and The Frost Group, LLC.*
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="right" valign="top">
&nbsp;
</TD>
<TD nowrap align="right" valign="top">
    2
</TD>
<TD nowrap align="left" valign="top">
    .4
</TD>
<TD>
&nbsp;
</TD>
<TD align="left" valign="top">
    Third Amendment to Agreement and Plan or Merger, Conversion and
    Share Exchange, dated as of September&#160;22, 2009, by and
    among the registrant, Ideation Acquisition Corp., Earl Yen,
    Tommy Cheung, Terrance Hogan, Qinying Liu, and Linden
    Ventures&#160;II (BVI), Ltd.*
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="right" valign="top">
&nbsp;
</TD>
<TD nowrap align="right" valign="top">
    3
</TD>
<TD nowrap align="left" valign="top">
    .1
</TD>
<TD>
&nbsp;
</TD>
<TD align="left" valign="top">
    Articles of Incorporation of ID Arizona Corp.*
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="right" valign="top">
&nbsp;
</TD>
<TD nowrap align="right" valign="top">
    3
</TD>
<TD nowrap align="left" valign="top">
    .2
</TD>
<TD>
&nbsp;
</TD>
<TD align="left" valign="top">
    Bylaws of ID Arizona Corp.*
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="right" valign="top">
&nbsp;
</TD>
<TD nowrap align="right" valign="top">
    3
</TD>
<TD nowrap align="left" valign="top">
    .3
</TD>
<TD>
&nbsp;
</TD>
<TD align="left" valign="top">
    Form of Memorandum and Articles of Association of ID Cayman upon
    completion of redomestication*
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="right" valign="top">
&nbsp;
</TD>
<TD nowrap align="right" valign="top">
    4
</TD>
<TD nowrap align="left" valign="top">
    .1
</TD>
<TD>
&nbsp;
</TD>
<TD align="left" valign="top">
    Specimen Unit Certificate of Ideation Acquisition Corp.**
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="right" valign="top">
&nbsp;
</TD>
<TD nowrap align="right" valign="top">
    4
</TD>
<TD nowrap align="left" valign="top">
    .2
</TD>
<TD>
&nbsp;
</TD>
<TD align="left" valign="top">
    Specimen Common Stock Certificate of Ideation Acquisition Corp.**
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="right" valign="top">
&nbsp;
</TD>
<TD nowrap align="right" valign="top">
    4
</TD>
<TD nowrap align="left" valign="top">
    .3
</TD>
<TD>
&nbsp;
</TD>
<TD align="left" valign="top">
    Form of Warrant Certificate of Ideation Acquisition Corp.**
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="right" valign="top">
&nbsp;
</TD>
<TD nowrap align="right" valign="top">
    4
</TD>
<TD nowrap align="left" valign="top">
    .4
</TD>
<TD>
&nbsp;
</TD>
<TD align="left" valign="top">
    Form of Warrant Agreement between the Ideation Acquisition Corp.
    and Continental Stock Transfer&#160;&#038; Trust&#160;Company**
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="right" valign="top">
&nbsp;
</TD>
<TD nowrap align="right" valign="top">
    4
</TD>
<TD nowrap align="left" valign="top">
    .5
</TD>
<TD>
&nbsp;
</TD>
<TD align="left" valign="top">
    Form of Warrant of ID Cayman*
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="right" valign="top">
&nbsp;
</TD>
<TD nowrap align="right" valign="top">
    4
</TD>
<TD nowrap align="left" valign="top">
    .6
</TD>
<TD>
&nbsp;
</TD>
<TD align="left" valign="top">
    Form of Unit Purchase Option to be granted to Lazard Capital
    Markets LLC (incorporated by reference to Exhibit&#160;4.5 of
    the Registrant&#146;s Registration Statement on Form&#160;S-1 or
    amendments thereto (File&#160;No. 333-144218)).
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="right" valign="top">
&nbsp;
</TD>
<TD nowrap align="right" valign="top">
    5
</TD>
<TD nowrap align="left" valign="top">
    .1
</TD>
<TD>
&nbsp;
</TD>
<TD align="left" valign="top">
    Opinion of Snell &#038; Wilmer, L.L.P.
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="right" valign="top">
&nbsp;
</TD>
<TD nowrap align="right" valign="top">
    5
</TD>
<TD nowrap align="left" valign="top">
    .2
</TD>
<TD>
&nbsp;
</TD>
<TD align="left" valign="top">
    Opinion of Richards, Layton &#038; Finger, P.A.
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="right" valign="top">
&nbsp;
</TD>
<TD nowrap align="right" valign="top">
    5
</TD>
<TD nowrap align="left" valign="top">
    .3
</TD>
<TD>
&nbsp;
</TD>
<TD align="left" valign="top">
    Opinion of Jun He Law Offices
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="right" valign="top">
&nbsp;
</TD>
<TD nowrap align="right" valign="top">
    8
</TD>
<TD nowrap align="left" valign="top">
    .1
</TD>
<TD>
&nbsp;
</TD>
<TD align="left" valign="top">
    Tax Opinion of Akerman Senterfitt
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="right" valign="top">
&nbsp;
</TD>
<TD nowrap align="right" valign="top">
    10
</TD>
<TD nowrap align="left" valign="top">
    .1
</TD>
<TD>
&nbsp;
</TD>
<TD align="left" valign="top">
    Form of Registration Rights Agreement among SM Cayman, Deutsche
    Bank AG, Hong Kong Branch, Gentfull Investment Limited, Gavast
    Estates Limited, China Seed Ventures, L.P. and Linden
    Ventures&#160;II (BVI)*
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="right" valign="top">
&nbsp;
</TD>
<TD nowrap align="right" valign="top">
    10
</TD>
<TD nowrap align="left" valign="top">
    .2
</TD>
<TD>
&nbsp;
</TD>
<TD align="left" valign="top">
    Form of
    <FONT style="white-space: nowrap">Lock-Up</FONT>
    between ID Cayman and SM Cayman shareholders and warrantholders*
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="right" valign="top">
&nbsp;
</TD>
<TD nowrap align="right" valign="top">
    10
</TD>
<TD nowrap align="left" valign="top">
    .3
</TD>
<TD>
&nbsp;
</TD>
<TD align="left" valign="top">
    Form of Management
    <FONT style="white-space: nowrap">Lock-Up</FONT>
    between ID Cayman and SM Cayman shareholders and warrantholders*
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="right" valign="top">
&nbsp;
</TD>
<TD nowrap align="right" valign="top">
    10
</TD>
<TD nowrap align="left" valign="top">
    .4
</TD>
<TD>
&nbsp;
</TD>
<TD align="left" valign="top">
    Form of Voting Agreement between SM Cayman, Qinying Liu, Le
    Yang, China Seed Ventures, L.P., Gentfull Investment Limited,
    Gavast Estates Limited, Linden Ventures&#160;II (BVI), Limited,
    Frost Gamma Investments Trust, Robert N. Fried, Subbarao
    Uppaluri, Steven D. Rubin and Jane Hsiao*
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="right" valign="top">
&nbsp;
</TD>
<TD nowrap align="right" valign="top">
    10
</TD>
<TD nowrap align="left" valign="top">
    .5
</TD>
<TD>
&nbsp;
</TD>
<TD align="left" valign="top">
    Form of Employment Agreement with the SM Cayman executive
    officers*
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="right" valign="top">
&nbsp;
</TD>
<TD nowrap align="right" valign="top">
    10
</TD>
<TD nowrap align="left" valign="top">
    .6
</TD>
<TD>
&nbsp;
</TD>
<TD align="left" valign="top">
    English Translation of Exclusive Technology Consulting and
    Service Agreement between Jieli Consulting and Jingli Shanghai,
    dated as of September&#160;10, 2007*
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="right" valign="top">
&nbsp;
</TD>
<TD nowrap align="right" valign="top">
    10
</TD>
<TD nowrap align="left" valign="top">
    .7
</TD>
<TD>
&nbsp;
</TD>
<TD align="left" valign="top">
    English Translation of Exclusive Call Option Agreement among
    Jingli Shanghai, its shareholders and Jieli Consulting, dated as
    of September&#160;10, 2007*
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="right" valign="top">
&nbsp;
</TD>
<TD nowrap align="right" valign="top">
    10
</TD>
<TD nowrap align="left" valign="top">
    .8
</TD>
<TD>
&nbsp;
</TD>
<TD align="left" valign="top">
    English Translation of Equity Pledge Agreement among Jingli
    Shanghai, its shareholders and Jieli Consulting, dated as of
    September&#160;10, 2007*
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="right" valign="top">
&nbsp;
</TD>
<TD nowrap align="right" valign="top">
    10
</TD>
<TD nowrap align="left" valign="top">
    .9
</TD>
<TD>
&nbsp;
</TD>
<TD align="left" valign="top">
    English Translation of Power of Attorney by the shareholders of
    Jieli Consulting dated as of September&#160;10, 2007*
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="right" valign="top">
&nbsp;
</TD>
<TD nowrap align="right" valign="top">
    10
</TD>
<TD nowrap align="left" valign="top">
    .10
</TD>
<TD>
&nbsp;
</TD>
<TD align="left" valign="top">
    English Translation of Loan Agreement between the shareholders
    of Jingli Shanghai and Jieli Consulting, dated as of
    September&#160;10, 2007*
</TD>
</TR>
</TABLE>

<DIV align="left"><FONT size="1">

</FONT></DIV>

<P align="center" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <BR>
    II-2
</DIV><!-- END PAGE WIDTH -->
<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>

<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->

<DIV align="left"><FONT size="1">

</FONT></DIV>

<TABLE border="0" width="100%" align="center" cellpadding="0" cellspacing="0" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
<!-- Table Width Row BEGIN -->
<TR style="font-size: 1pt" valign="bottom">
    <TD width="4%" align="right">&nbsp;</TD>	<!-- colindex=01 type=lead -->
    <TD width="1%" align="right">&nbsp;</TD>	<!-- colindex=01 type=body -->
    <TD width="4%" align="left">&nbsp;</TD>	<!-- colindex=01 type=align1 -->
    <TD width="2%">&nbsp;</TD>	<!-- colindex=02 type=gutter -->
    <TD width="89%">&nbsp;</TD>	<!-- colindex=02 type=maindata -->
</TR>
<!-- Table Width Row END -->
<TR style="font-size: 8pt" valign="bottom" align="center">
<TD colspan="3" nowrap align="center" valign="bottom">
<DIV style="border-bottom: 1px solid #000000; width: 1%; padding-bottom: 1px">
    <B>Exhibit No.</B>
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="bottom">
<DIV style="border-bottom: 1px solid #000000; width: 1%; padding-bottom: 1px">
    <B>Description</B>
</DIV>
</TD>
</TR>
<TR style="line-height: 3pt; font-size: 1pt">
<TD>&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="right" valign="top">
&nbsp;
</TD>
<TD nowrap align="right" valign="top">
    10
</TD>
<TD nowrap align="left" valign="top">
    .12
</TD>
<TD>
&nbsp;
</TD>
<TD align="left" valign="top">
    Form of Securities Escrow Agreement among the Registrant,
    Continental Stock Transfer&#160;&#038; Trust&#160;Company and
    the initial stockholders (incorporated by reference to Ex. 10.1
    of Ideation Acquisition Corp.&#146;s Registration Statement on
    <FONT style="white-space: nowrap">Form&#160;S-1</FONT>
    or amendments thereto (File
    <FONT style="white-space: nowrap">No.&#160;333-144218))</FONT>
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="right" valign="top">
&nbsp;
</TD>
<TD nowrap align="right" valign="top">
    10
</TD>
<TD nowrap align="left" valign="top">
    .13
</TD>
<TD>
&nbsp;
</TD>
<TD align="left" valign="top">
    Letter Agreement, dated as of September&#160;8, 2009, by and
    among Ideation Acquisition Corp. and certain investors of
    Ideation Acquisition Corp. and SearchMedia International Limited*
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="right" valign="top">
&nbsp;
</TD>
<TD nowrap align="right" valign="top">
    14
</TD>
<TD nowrap align="left" valign="top">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD align="left" valign="top">
    Code of Ethics**
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="right" valign="top">
&nbsp;
</TD>
<TD nowrap align="right" valign="top">
    21
</TD>
<TD nowrap align="left" valign="top">
    .1
</TD>
<TD>
&nbsp;
</TD>
<TD align="left" valign="top">
    Subsidiaries of ID Cayman*
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="right" valign="top">
&nbsp;
</TD>
<TD nowrap align="right" valign="top">
    23
</TD>
<TD nowrap align="left" valign="top">
    .1
</TD>
<TD>
&nbsp;
</TD>
<TD align="left" valign="top">
    Consent of KPMG
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="right" valign="top">
&nbsp;
</TD>
<TD nowrap align="right" valign="top">
    23
</TD>
<TD nowrap align="left" valign="top">
    .2
</TD>
<TD>
&nbsp;
</TD>
<TD align="left" valign="top">
    Consent of KPMG
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="right" valign="top">
&nbsp;
</TD>
<TD nowrap align="right" valign="top">
    23
</TD>
<TD nowrap align="left" valign="top">
    .3
</TD>
<TD>
&nbsp;
</TD>
<TD align="left" valign="top">
    Consent of KPMG
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="right" valign="top">
&nbsp;
</TD>
<TD nowrap align="right" valign="top">
    23
</TD>
<TD nowrap align="left" valign="top">
    .4
</TD>
<TD>
&nbsp;
</TD>
<TD align="left" valign="top">
    Consent of Rothstein Kass&#160;&#038; Company,&#160;P.C.
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="right" valign="top">
&nbsp;
</TD>
<TD nowrap align="right" valign="top">
    23
</TD>
<TD nowrap align="left" valign="top">
    .5
</TD>
<TD>
&nbsp;
</TD>
<TD align="left" valign="top">
    Consent of the Nielsen Company (Shanghai) Limited*
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="right" valign="top">
&nbsp;
</TD>
<TD nowrap align="right" valign="top">
    23
</TD>
<TD nowrap align="left" valign="top">
    .6
</TD>
<TD>
&nbsp;
</TD>
<TD align="left" valign="top">
    Consent of Jones Lang LaSalle Sallmanns Limited*
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="right" valign="top">
&nbsp;
</TD>
<TD nowrap align="right" valign="top">
    23
</TD>
<TD nowrap align="left" valign="top">
    .7
</TD>
<TD>
&nbsp;
</TD>
<TD align="left" valign="top">
    Consent of Snell &#038; Wilmer, L.L.P. (included in
    Exhibit&#160;5.1)
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="right" valign="top">
&nbsp;
</TD>
<TD nowrap align="right" valign="top">
    23
</TD>
<TD nowrap align="left" valign="top">
    .8
</TD>
<TD>
&nbsp;
</TD>
<TD align="left" valign="top">
    Consent of Richards, Layton &#038; Finger P.A. (included in
    Exhibit&#160;5.2)
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="right" valign="top">
&nbsp;
</TD>
<TD nowrap align="right" valign="top">
    23
</TD>
<TD nowrap align="left" valign="top">
    .9
</TD>
<TD>
&nbsp;
</TD>
<TD align="left" valign="top">
    Consent of Jun He Law Offices (included in Exhibit 5.3)
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="right" valign="top">
&nbsp;
</TD>
<TD nowrap align="right" valign="top">
    23
</TD>
<TD nowrap align="left" valign="top">
    .10
</TD>
<TD>
&nbsp;
</TD>
<TD align="left" valign="top">
    Consent of Akerman Senterfitt (included in Exhibit&#160;8.1)
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="right" valign="top">
&nbsp;
</TD>
<TD nowrap align="right" valign="top">
    24
</TD>
<TD nowrap align="left" valign="top">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD align="left" valign="top">
    Power of Attorney*
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="right" valign="top">
&nbsp;
</TD>
<TD nowrap align="right" valign="top">
    99
</TD>
<TD nowrap align="left" valign="top">
    .1
</TD>
<TD>
&nbsp;
</TD>
<TD align="left" valign="top">
    Form of Proxy Card*
</TD>
</TR>
</TABLE>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">

</DIV>

<DIV align="left"><FONT size="1">

</FONT></DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV style="font-size: 1pt; margin-left: 0%; width: 13%;  align: left; border-bottom: 1pt solid #000000"></DIV><!-- callerid=999 iwidth=455 length=60 -->

<DIV style="margin-top: 3pt; font-size: 1pt">&nbsp;</DIV>



<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">

<TR>
    <TD width="4%"></TD>
    <TD width="1%"></TD>
    <TD width="95%"></TD>
</TR>

<TR>
    <TD align="right" valign="top">
    *&#160;</TD>
    <TD></TD>
    <TD valign="bottom">
    Previously filed.</TD>
</TR>

<TR style="line-height: 3pt; font-size: 1pt"><TD>&nbsp;</TD></TR>

<TR>
    <TD align="right" valign="top">
    **&#160;</TD>
    <TD></TD>
    <TD valign="bottom">
    Incorporated by reference to exhibits of the same number filed
    with the Registrant&#146;s Registration Statement on
    <FONT style="white-space: nowrap">Form&#160;S-1</FONT>
    or amendments thereto (File
    <FONT style="white-space: nowrap">No.&#160;333-144218)</FONT></TD>
</TR>

</TABLE>

<DIV align="left"><FONT size="1">

</FONT></DIV>

<DIV style="margin-top: 3pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">

<TR>
    <TD width="4%"></TD>
    <TD width="1%"></TD>
    <TD width="95%"></TD>
</TR>

<TR>
    <TD align="right" valign="top">
    &#134;&#160;</TD>
    <TD></TD>
    <TD valign="bottom">
    All schedules to this Exhibit&#160;2.1 have been omitted in
    accordance with Item&#160;601(b)(2) of Regulation S-K. A list of
    the omitted schedule appears at the end of Exhibit&#160;2.1. ID
    Arizona Corp. agrees to supplementally furnish a copy of any
    omitted schedule to the Commission upon request.</TD>
</TR>

</TABLE>

<DIV align="left"><FONT size="1">

</FONT></DIV>

<DIV style="margin-top: 3pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

<TR>
    <TD width="10%"></TD>
    <TD width="90%"></TD>
</TR>

<TR valign="top">
    <TD>
    <B><FONT style="font-family: 'Times New Roman', Times">ITEM&#160;22.<I>&#160;&#160;</I></FONT></B>
</TD>
    <TD>
    <B><I><FONT style="font-family: 'Times New Roman', Times">UNDERTAKINGS</FONT></I></B>
</TD>
</TR>

</TABLE>

<DIV style="margin-top: 3pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (a)&#160;The undersigned registrant hereby undertakes:
</DIV>

<DIV style="margin-top: 3pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (1)&#160;To file, during any period in which offers or sales are
    being made, a post-effective amendment to this registration
    statement:
</DIV>

<DIV style="margin-top: 3pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 8%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    i.&#160;To include any prospectus required by
    Section&#160;10(a)(3) of the Securities Act;
</DIV>

<DIV style="margin-top: 3pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 8%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    ii.&#160;To reflect in the prospectus any facts or events
    arising after the effective date of the registration statement
    (or the most recent post-effective amendment thereof) which,
    individually or in the aggregate, represent a fundamental change
    in the information set forth in the registration statement.
    Notwithstanding the foregoing, any increase or decrease in
    volume of securities offered (if the total dollar value of
    securities offered would not exceed that which was registered)
    and any deviation from the low or high end of the estimated
    maximum offering range may be reflected in the form of
    prospectus filed with the Commission pursuant to
    Rule&#160;424(b) if, in the aggregate, the changes in volume and
    price represent no more than 20&#160;percent change in the
    maximum aggregate offering price set forth in the
    &#147;Calculation of Registration Fee&#148; table in the
    effective registration statement;
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 8%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    iii.&#160;To include any material information with respect to
    the plan of distribution not previously disclosed in the
    registration statement or any material change to such
    information in the registration statement.
</DIV>

<DIV style="margin-top: 3pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (2)&#160;That, for the purpose of determining any liability
    under the Securities Act, each such post-effective amendment
    shall be deemed to be a new registration statement relating to
    the securities offered therein, and the offering of such
    securities at that time shall be deemed to be the initial bona
    fide offering thereof.
</DIV>

<DIV style="margin-top: 3pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (3)&#160;To remove from registration by means of a
    post-effective amendment any of the securities being registered
    that remain unsold at the termination of the offering.
</DIV>

<P align="center" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    II-3
</DIV><!-- END PAGE WIDTH -->
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<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>

<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (4)&#160;If the registrant is a foreign private issuer, to file
    a post-effective amendment to the registration statement to
    include any financial statements required by Item&#160;8.A. of
    <FONT style="white-space: nowrap">Form&#160;20-F</FONT>
    at the start of any delayed offering or throughout a continuous
    offering. Financial statements and information otherwise
    required by Section&#160;10(a)(3) of the Securities Act need not
    be furnished, provided that the registrant includes in the
    prospectus, by means of a post-effective amendment, financial
    statements required pursuant to this paragraph (a)(4) and other
    information necessary to ensure that all other information in
    the prospectus is at least as current as the date of those
    financial statements.
</DIV>

<DIV style="margin-top: 3pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (5)&#160;That, for the purpose of determining liability under
    the Securities Act of 1933 to any purchaser, each prospectus
    filed pursuant to Rule&#160;424(b) as part of a registration
    statement relating to an offering, other than registration
    statements relying on Rule&#160;430B or other than prospectuses
    filed in reliance on Rule&#160;430A, shall be deemed to be part
    of and included in the registration statement as of the date it
    is first used after effectiveness. Provided, however, that no
    statement made in a registration statement or prospectus that is
    part of the registration statement or made in a document
    incorporated or deemed incorporated by reference into the
    registration statement or prospectus that is part of the
    registration statement will, as to a purchaser with a time of
    contract of sale prior to such first use, supersede or modify
    any statement that was made in the registration statement or
    prospectus that was part of the registration statement or made
    in any such document immediately prior to such date of first use.
</DIV>

<DIV style="margin-top: 3pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (6)&#160;That, for the purpose of determining liability of the
    registrant under the Securities Act of 1933 to any purchaser in
    the initial distribution of the securities: The undersigned
    registrant undertakes that in a primary offering of securities
    of the undersigned registrant pursuant to this registration
    statement, regardless of the underwriting method used to sell
    the securities to the purchaser, if the securities are offered
    or sold to such purchaser by means of any of the following
    communications, the undersigned registrant will be a seller to
    the purchaser and will be considered to offer or sell such
    securities to such purchaser:
</DIV>

<DIV style="margin-top: 3pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 8%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (i)&#160;Any preliminary prospectus or prospectus of the
    undersigned registrant relating to the offering required to be
    filed pursuant to Rule&#160;424;
</DIV>

<DIV style="margin-top: 3pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 8%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (ii)&#160;Any free writing prospectus relating to the offering
    prepared by or on behalf of the undersigned registrant or used
    or referred to by the undersigned registrant;
</DIV>

<DIV style="margin-top: 3pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 8%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (iii)&#160;The portion of any other free writing prospectus
    relating to the offering containing material information about
    the undersigned registrant or its securities provided by or on
    behalf of the undersigned registrant;&#160;and
</DIV>

<DIV style="margin-top: 3pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 8%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (iv)&#160;Any other communication that is an offer in the
    offering made by the undersigned registrant to the purchaser.
</DIV>

<DIV style="margin-top: 3pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (b)&#160;The undersigned registrant hereby undertakes as follows:
</DIV>

<DIV style="margin-top: 3pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (i)&#160;That prior to any public reoffering of the securities
    registered hereunder through use of a prospectus which is a part
    of this registration statement, by any person or party who is
    deemed to be an underwriter within the meaning of
    Rule&#160;145(c), the issuer undertakes that such reoffering
    prospectus will contain the information called for by the
    applicable registration form with respect to reofferings by
    persons who may be deemed underwriters, in addition to the
    information called for by the other Items of the applicable form.
</DIV>

<DIV style="margin-top: 3pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (ii)&#160;That every prospectus (i)&#160;that is filed pursuant
    to the paragraph immediately preceding, or (ii)&#160;that
    purports to meet the requirements of section&#160;10(a)(3) of
    the Securities Act and is used in connection with an offering of
    securities subject to Rule&#160;415, will be filed as a part of
    an amendment to the registration statement and will not be used
    until such amendment is effective, and that, for purposes of
    determining any liability under the Securities Act of 1933, each
    such post-effective amendment shall be deemed to be a new
    registration statement relating to the securities offered
    therein, and the offering of such securities at that time shall
    be deemed to be the initial bona fide offering thereof.
</DIV>

<DIV style="margin-top: 3pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (c)&#160;Insofar as indemnification for liabilities arising
    under the Securities Act may be permitted to directors, officers
    and controlling persons of the registrant pursuant to the
    foregoing provisions, or otherwise, the registrant has been
    advised that in the opinion of the SEC such indemnification is
    against public policy as
</DIV>

<P align="center" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <BR>
    II-4
</DIV><!-- END PAGE WIDTH -->
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<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>

<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    expressed in the Securities Act and is, therefore,
    unenforceable. In the event that a claim for indemnification
    against such liabilities (other than the payment by the
    registrant of expenses incurred or paid by a director, officer
    or controlling person of the registrant in the successful
    defense of any action, suit or proceeding) is asserted by such
    director, officer or controlling person in connection with the
    securities being registered, the registrant will, unless in the
    opinion of its counsel the matter has been settled by
    controlling precedent, submit to a court of appropriate
    jurisdiction the question whether such indemnification by it is
    against public policy as expressed in the Securities Act and
    will be governed by the final adjudication of such issue.
</DIV>

<DIV style="margin-top: 3pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (d)&#160;The undersigned registrant hereby undertakes as follows:
</DIV>

<DIV style="margin-top: 3pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (1)&#160;To respond to requests for information that is
    incorporated by reference into the prospectus pursuant to
    Items&#160;4, 10(b), 11, or 13 of
    <FONT style="white-space: nowrap">Form&#160;S-4,</FONT>
    within one business day of receipt of such request, and to send
    the incorporated documents by first class mail or other equally
    prompt means. This includes information contained in documents
    filed subsequent to the effective date of the registration
    statement through the date of responding to the request.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (2)&#160;To supply by means of a post-effective amendment all
    information concerning a transaction, and the company being
    acquired involved therein, that was not the subject of and
    included in the registration statement when it became effective.
</DIV>

<P align="center" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <BR>
    II-5
</DIV><!-- END PAGE WIDTH -->
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<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>

<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->

<DIV align="center" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">SIGNATURES</FONT></B>
</DIV>

<DIV align="left"><FONT size="1">

</FONT></DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Pursuant to the requirements of the Securities Act, the
    registrant has duly caused this registration statement to be
    signed on its behalf by the undersigned, thereunto duly
    authorized, in the City of Los Angeles, State of California on
    this 30th&#160;day of September, 2009.
</DIV>

<DIV align="left"><FONT size="1">

</FONT></DIV>

<DIV style="margin-top: 18pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 49%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    ID ARIZONA CORP.
</DIV>

<DIV style="margin-top: 24pt; font-size: 1pt">&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="49%"></TD>
    <TD width="4%"></TD>
    <TD width="47%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    By:&#160;
</TD>
    <TD align="left">
    <DIV style="display:inline; text-align:left;">/s/&#160;&#160;<FONT style="font-variant: SMALL-CAPS">Steven
    D. Rubin</FONT></DIV>
</TD>
</TR>

</TABLE>

<DIV style="font-size: 2pt; margin-left: 53%; width: 100%;  align: left; border-bottom: 1pt solid #000000"></DIV><!-- callerid=999 iwidth=455 length=0 -->

<DIV align="left" style="margin-left: 53%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Steven D. Rubin
</DIV>

<DIV align="left" style="margin-left: 53%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Secretary
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Pursuant to the requirements of the Securities Act, this
    Registration Statement has been signed by the following persons
    in the capacities and on the dates indicated.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left"><FONT size="1">

</FONT></DIV>

<TABLE border="0" width="100%" align="center" cellpadding="0" cellspacing="0" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
<!-- Table Width Row BEGIN -->
<TR style="font-size: 1pt" valign="bottom">
    <TD width="7%">&nbsp;</TD>	<!-- colindex=01 type=maindata -->
    <TD width="1%">&nbsp;</TD>	<!-- colindex=02 type=gutter -->
    <TD width="31%">&nbsp;</TD>	<!-- colindex=02 type=maindata -->
    <TD width="3%">&nbsp;</TD>	<!-- colindex=03 type=gutter -->
    <TD width="38%">&nbsp;</TD>	<!-- colindex=03 type=maindata -->
    <TD width="3%">&nbsp;</TD>	<!-- colindex=04 type=gutter -->
    <TD width="17%">&nbsp;</TD>	<!-- colindex=04 type=maindata -->
</TR>
<!-- Table Width Row END -->
<TR style="font-size: 8pt" valign="bottom" align="center">
<TD colspan="3" nowrap align="center" valign="bottom">
<DIV style="border-bottom: 1px solid #000000; width: 1%; padding-bottom: 1px">
    <B>Signature</B>
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="bottom">
<DIV style="border-bottom: 1px solid #000000; width: 1%; padding-bottom: 1px">
    <B>Title</B>
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="bottom">
<DIV style="border-bottom: 1px solid #000000; width: 1%; padding-bottom: 1px">
    <B>Date</B>
</DIV>
</TD>
</TR>
<TR style="line-height: 12pt; font-size: 1pt">
<TD>&nbsp;
</TD>
</TR>
<TR valign="bottom" style="line-height: 12pt">
<TD colspan="3">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD colspan="3" align="center" valign="top">
    <DIV style="display:inline; text-align:center; width:90%"><FONT style="font-variant: SMALL-CAPS">*</FONT></DIV><BR>
    <DIV style="font-size: 2pt; margin-left: 0%; width: 100%;  align: left; border-bottom: 1pt solid #000000"></DIV><!-- callerid=201 iwidth=168 length=0 -->Phillip
    Frost,&#160;M.D.
</TD>
<TD>
&nbsp;
</TD>
<TD align="center" valign="top">
    Chairman of the Board of Directors
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="top">
    September&#160;30, 2009
</TD>
</TR>
<TR valign="bottom" style="line-height: 12pt">
<TD colspan="3">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD colspan="3" align="center" valign="top">
    <DIV style="display:inline; text-align:center; width:90%"><FONT style="font-variant: SMALL-CAPS">*</FONT></DIV><BR>
    <DIV style="font-size: 2pt; margin-left: 0%; width: 100%;  align: left; border-bottom: 1pt solid #000000"></DIV><!-- callerid=201 iwidth=168 length=0 -->Robert
    N. Fried
</TD>
<TD>
&nbsp;
</TD>
<TD align="center" valign="top">
    President, Chief Executive Officer and Director<BR>
    (principal executive officer)
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="top">
    September&#160;30, 2009
</TD>
</TR>
<TR valign="bottom" style="line-height: 12pt">
<TD colspan="3">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD colspan="3" align="center" valign="top">
    <DIV style="display:inline; text-align:center; width:90%"><FONT style="font-variant: SMALL-CAPS">*</FONT></DIV><BR>
    <DIV style="font-size: 2pt; margin-left: 0%; width: 100%;  align: left; border-bottom: 1pt solid #000000"></DIV><!-- callerid=201 iwidth=168 length=0 -->Rao
    Uppaluri
</TD>
<TD>
&nbsp;
</TD>
<TD align="center" valign="top">
    Treasurer and Director<BR>
    (principal financial officer) and <BR>
    principal accounting officer
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="top">
    September&#160;30, 2009
</TD>
</TR>
<TR valign="bottom" style="line-height: 12pt">
<TD colspan="3">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD colspan="3" align="center" valign="top">
    <DIV style="display:inline; text-align:center; width:90%">/s/&#160;&#160;<FONT style="font-variant: SMALL-CAPS">Steven
    D. Rubin</FONT></DIV><BR>
    <DIV style="font-size: 2pt; margin-left: 0%; width: 100%;  align: left; border-bottom: 1pt solid #000000"></DIV><!-- callerid=201 iwidth=168 length=0 -->Steven
    D. Rubin
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="top">
    Secretary
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="top">
    September&#160;30, 2009
</TD>
</TR>
<TR valign="bottom" style="line-height: 12pt">
<TD colspan="3">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD colspan="3" align="center" valign="top">
    <DIV style="display:inline; text-align:center; width:90%"><FONT style="font-variant: SMALL-CAPS">*</FONT></DIV><BR>
    <DIV style="font-size: 2pt; margin-left: 0%; width: 100%;  align: left; border-bottom: 1pt solid #000000"></DIV><!-- callerid=201 iwidth=168 length=0 -->Glenn
    Halpryn
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="top">
    Director
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="top">
    September&#160;30, 2009
</TD>
</TR>
<TR valign="bottom" style="line-height: 12pt">
<TD colspan="3">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD colspan="3" align="center" valign="top">
    <DIV style="display:inline; text-align:center; width:90%"><FONT style="font-variant: SMALL-CAPS">*</FONT></DIV><BR>
    <DIV style="font-size: 2pt; margin-left: 0%; width: 100%;  align: left; border-bottom: 1pt solid #000000"></DIV><!-- callerid=201 iwidth=168 length=0 -->Thomas
    E. Beier
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="top">
    Director
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="top">
    September&#160;30, 2009
</TD>
</TR>
<TR valign="bottom" style="line-height: 12pt">
<TD colspan="3">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD colspan="3" align="center" valign="top">
    <DIV style="display:inline; text-align:center; width:90%"><FONT style="font-variant: SMALL-CAPS">*</FONT></DIV><BR>
    <DIV style="font-size: 2pt; margin-left: 0%; width: 100%;  align: left; border-bottom: 1pt solid #000000"></DIV><!-- callerid=201 iwidth=168 length=0 -->Shawn
    Gold
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="top">
    Director
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="top">
    September&#160;30, 2009
</TD>
</TR>
<TR valign="bottom" style="line-height: 12pt">
<TD colspan="3">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD colspan="3" align="center" valign="top">
    <DIV style="display:inline; text-align:center; width:90%"><FONT style="font-variant: SMALL-CAPS">*</FONT></DIV><BR>
    <DIV style="font-size: 2pt; margin-left: 0%; width: 100%;  align: left; border-bottom: 1pt solid #000000"></DIV><!-- callerid=201 iwidth=168 length=0 -->David
    H. Moskowitz
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="top">
    Director
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="top">
    September&#160;30, 2009
</TD>
</TR>
<TR valign="bottom" style="line-height: 12pt">
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="center" valign="top">
    *By:
</TD>
<TD>
&nbsp;
</TD>
<TD align="center" valign="top">
    <DIV style="display:inline; text-align:center; width:90%">/s/&#160;&#160;<FONT style="font-variant: SMALL-CAPS">Steven
    D. Rubin</FONT></DIV><BR>
    <DIV style="font-size: 2pt; margin-left: 0%; width: 100%;  align: left; border-bottom: 1pt solid #000000"></DIV><!-- callerid=2083 iwidth=144 length=0 -->Attorney-in-fact
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="top">
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="top">
&nbsp;
</TD>
</TR>
</TABLE>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">

</DIV>

<DIV align="left"><FONT size="1">

</FONT></DIV>

<P align="center" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <BR>
    II-6
</DIV><!-- END PAGE WIDTH -->
<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>

<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->

<DIV align="center" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">EXHIBIT
    INDEX</FONT></B>
</DIV>

<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left"><FONT size="1">

</FONT></DIV>

<TABLE border="0" width="100%" align="center" cellpadding="0" cellspacing="0" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
<!-- Table Width Row BEGIN -->
<TR style="font-size: 1pt" valign="bottom">
    <TD width="4%" align="right">&nbsp;</TD>	<!-- colindex=01 type=lead -->
    <TD width="1%" align="right">&nbsp;</TD>	<!-- colindex=01 type=body -->
    <TD width="4%" align="left">&nbsp;</TD>	<!-- colindex=01 type=align1 -->
    <TD width="2%">&nbsp;</TD>	<!-- colindex=02 type=gutter -->
    <TD width="89%">&nbsp;</TD>	<!-- colindex=02 type=maindata -->
</TR>
<!-- Table Width Row END -->
<TR style="font-size: 8pt" valign="bottom" align="center">
<TD colspan="3" nowrap align="center" valign="bottom">
<DIV style="border-bottom: 1px solid #000000; width: 1%; padding-bottom: 1px">
    <B>Exhibit No.</B>
</DIV>
</TD>
<TD>
&nbsp;
</TD>
<TD nowrap align="center" valign="bottom">
<DIV style="border-bottom: 1px solid #000000; width: 1%; padding-bottom: 1px">
    <B>Description</B>
</DIV>
</TD>
</TR>
<TR style="line-height: 3pt; font-size: 1pt">
<TD>&nbsp;
</TD>
</TR>
<TR valign="bottom" style="line-height: 6pt">
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="right" valign="top">
&nbsp;
</TD>
<TD nowrap align="right" valign="top">
    5
</TD>
<TD nowrap align="left" valign="top">
    .1
</TD>
<TD>
&nbsp;
</TD>
<TD align="left" valign="top">
    Opinion of Snell &#038; Wilmer, L.L.P.
</TD>
</TR>
<TR valign="bottom" style="line-height: 6pt">
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="right" valign="top">
&nbsp;
</TD>
<TD nowrap align="right" valign="top">
    5
</TD>
<TD nowrap align="left" valign="top">
    .2
</TD>
<TD>
&nbsp;
</TD>
<TD align="left" valign="top">
    Opinion of Richards, Layton &#038; Finger, P.A.
</TD>
</TR>
<TR valign="bottom" style="line-height: 6pt">
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="right" valign="top">
&nbsp;
</TD>
<TD nowrap align="right" valign="top">
    5
</TD>
<TD nowrap align="left" valign="top">
    .3
</TD>
<TD>
&nbsp;
</TD>
<TD align="left" valign="top">
    Opinion of Jun He Law Offices
</TD>
</TR>
<TR valign="bottom" style="line-height: 6pt">
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="right" valign="top">
&nbsp;
</TD>
<TD nowrap align="right" valign="top">
    8
</TD>
<TD nowrap align="left" valign="top">
    .1
</TD>
<TD>
&nbsp;
</TD>
<TD align="left" valign="top">
    Tax Opinion of Akerman Senterfitt
</TD>
</TR>
<TR valign="bottom" style="line-height: 6pt">
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="right" valign="top">
&nbsp;
</TD>
<TD nowrap align="right" valign="top">
    23
</TD>
<TD nowrap align="left" valign="top">
    .1
</TD>
<TD>
&nbsp;
</TD>
<TD align="left" valign="top">
    Consent of KPMG
</TD>
</TR>
<TR valign="bottom" style="line-height: 6pt">
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="right" valign="top">
&nbsp;
</TD>
<TD nowrap align="right" valign="top">
    23
</TD>
<TD nowrap align="left" valign="top">
    .2
</TD>
<TD>
&nbsp;
</TD>
<TD align="left" valign="top">
    Consent of KPMG
</TD>
</TR>
<TR valign="bottom" style="line-height: 6pt">
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="right" valign="top">
&nbsp;
</TD>
<TD nowrap align="right" valign="top">
    23
</TD>
<TD nowrap align="left" valign="top">
    .3
</TD>
<TD>
&nbsp;
</TD>
<TD align="left" valign="top">
    Consent of KPMG
</TD>
</TR>
<TR valign="bottom" style="line-height: 6pt">
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="right" valign="top">
&nbsp;
</TD>
<TD nowrap align="right" valign="top">
    23
</TD>
<TD nowrap align="left" valign="top">
    .4
</TD>
<TD>
&nbsp;
</TD>
<TD align="left" valign="top">
    Consent of Rothstein Kass&#160;&#038; Company,&#160;P.C.
</TD>
</TR>
<TR valign="bottom" style="line-height: 6pt">
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="right" valign="top">
&nbsp;
</TD>
<TD nowrap align="right" valign="top">
    23
</TD>
<TD nowrap align="left" valign="top">
    .7
</TD>
<TD>
&nbsp;
</TD>
<TD align="left" valign="top">
    Consent of Snell &#038; Wilmer, L.L.P. (included in
    Exhibit&#160;5.1)
</TD>
</TR>
<TR valign="bottom" style="line-height: 6pt">
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="right" valign="top">
&nbsp;
</TD>
<TD nowrap align="right" valign="top">
    23
</TD>
<TD nowrap align="left" valign="top">
    .8
</TD>
<TD>
&nbsp;
</TD>
<TD align="left" valign="top">
    Consent of Richards, Layton &#038; Finger P.A. (included in
    Exhibit&#160;5.2)
</TD>
</TR>
<TR valign="bottom" style="line-height: 6pt">
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="right" valign="top">
&nbsp;
</TD>
<TD nowrap align="right" valign="top">
    23
</TD>
<TD nowrap align="left" valign="top">
    .9
</TD>
<TD>
&nbsp;
</TD>
<TD align="left" valign="top">
    Consent of Jun He Law Offices (included in Exhibit 5.3)
</TD>
</TR>
<TR valign="bottom" style="line-height: 6pt">
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
<TD>
&nbsp;
</TD>
</TR>
<TR valign="bottom">
<TD nowrap align="right" valign="top">
&nbsp;
</TD>
<TD nowrap align="right" valign="top">
    23
</TD>
<TD nowrap align="left" valign="top">
    .10
</TD>
<TD>
&nbsp;
</TD>
<TD align="left" valign="top">
    Consent of Akerman Senterfitt (included in Exhibit&#160;8.1)
</TD>
</TR>
</TABLE>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">

</DIV>

<DIV align="left"><FONT size="1">

</FONT></DIV>

<P align="left" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">

</DIV><!-- END PAGE WIDTH -->
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</HTML>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-5.1
<SEQUENCE>2
<FILENAME>g18264a4exv5w1.htm
<DESCRIPTION>EX-5.1
<TEXT>
<HTML>
<HEAD>
<TITLE>exv5w1</TITLE>
</HEAD>
<BODY bgcolor="#FFFFFF">
<!-- PAGEBREAK -->
<DIV style="font-family: 'Times New Roman',Times,serif">


<DIV align="right" style="font-size: 10pt; margin-top: 12pt"><B>Exhibit&nbsp;5.1</B>
</DIV>

<P><DIV style="position: relative; float: left; width: 30%">

<DIV align="center" style="font-size: 8pt; margin-top: 18pt"><IMG src="g18264a4snell.gif" alt="(SNELL LOGO)">
</DIV>


<DIV align="center" style="font-size: 8pt; margin-top: 4pt">One Arizona Center<BR>
Phoenix, AZ 85004-2202<BR>
602.382.6000<BR>
602.382.6070(Fax)<BR>
www.swlaw.com
</DIV>

</DIV>
<DIV style="position: relative; float: left; margin-left: 2%; width: 30%">

<DIV align="left" style="font-size: 10pt; margin-top: 12pt">&nbsp;
</DIV>

</DIV>
<DIV style="position: relative; float: right; width: 30%">

<DIV align="right" style="font-size: 7pt; margin-top: 22pt">DENVER
</DIV>


<DIV align="right" style="font-size: 7pt; margin-top: 12pt">LAS VEGAS
</DIV>


<DIV align="right" style="font-size: 7pt; margin-top: 12pt">ORANGE COUNTY
</DIV>


<DIV align="right" style="font-size: 7pt; margin-top: 12pt">PHOENIX
</DIV>


<DIV align="right" style="font-size: 7pt; margin-top: 12pt">SALT LAKE CITY
</DIV>


<DIV align="right" style="font-size: 7pt; margin-top: 12pt">TUCSON
</DIV>

</DIV>
<BR clear="all"><BR>





<DIV align="center" style="font-size: 10pt; margin-top: 18pt">September&nbsp;29, 2009
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">ID Arizona Corp.<BR>
1990 S. Bundy Drive<BR>
Suite&nbsp;620<BR>
Los Angeles, CA 90025

</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 16pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B><I>Re: Registration Statement on </I></B><B><I>Form S-4</I></B><B><I> of ID Arizona Corp.</I></B>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 12pt">Ladies and Gentlemen:
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;We have acted as special Arizona counsel to ID Arizona Corp., an Arizona corporation (the
&#147;Company&#148;) in connection with the proposed issuance of up to 25,900,000 shares of the Company&#146;s
Common Stock consisting of (a)&nbsp;12,500,000 shares of Common Stock that the Company plans to issue
upon consummation of the merger (the &#147;Merger&#148;) of Ideation Acquisition Corp., a Delaware
corporation (&#147;Ideation&#148;), with and into the Company (the &#147;Merger Shares&#148;); (b)&nbsp;12,400,000 shares of
Common Stock (the &#147;Warrant Shares&#148;) issuable upon exercise of certain warrants (the &#147;Warrants&#148;) to
be issued upon consummation of the Merger; and (c)&nbsp;1,000,000 shares of Common Stock issuable upon
exercise of certain options (&#147;Options&#148;) to be issued upon consummation of the Merger consisting of
(i)&nbsp;500,000 shares of Common Stock (the &#147;Option Shares&#148;) issuable upon exercise of the Options and
(ii)&nbsp;500,000 shares of Common Stock (the &#147;Option/Warrants Shares&#148;) issuable upon exercise of
certain warrants that are issuable upon exercise of the Options, all as contemplated by the
Company&#146;s registration statement on Form S-4, as amended (Registration Statement No.&nbsp;333-158336)
(the &#147;Registration Statement&#148;) filed with the Securities and Exchange Commission (the &#147;Commission&#148;)
pursuant to the Securities Act of 1933, as amended (the &#147;Act&#148;).
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;This opinion is being furnished in accordance with the requirements of Item&nbsp;601(b)(5) of
Regulation&nbsp;S-K under the Act.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;We have reviewed the originals or copies certified or otherwise identified to our satisfaction
of all such corporate records and documents of the Company and such other instruments and other
certificates of public officials, officers and representatives of the Company
and such other persons, and we have made such investigations of law, which we deemed relevant
and necessary for the basis of our opinion hereinafter expressed.
</DIV>



<DIV align="center" style="font-size: 7pt; margin-top: 38pt">Snell &#038; Wilmer is a member of LEX MUNDI. The Leading Association of Independent Law Firms.
</DIV>


<P align="center" style="font-size: 10pt"><!-- Folio -->&nbsp;<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">

<IMG src="g18264a4snell.gif" alt="(SNELL LOGO)">

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">ID Arizona
Corp.<br>September
29, 2009<BR>
Page 2

</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 16pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;In arriving at the opinions expressed below, we have assumed: (a)&nbsp;the authenticity of original
documents and the genuineness of all signatures; (b)&nbsp;the conformity to the originals of all
documents submitted to us as copies; and (c)&nbsp;the truth, accuracy and completeness of the
information, representations and warranties contained in the records, documents, instruments, and
certificates we have reviewed. In addition, we have assumed and have not verified the accuracy as
to factual matters of each document we have reviewed.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Based on the foregoing, and subject to the further qualifications set forth below, it is our
opinion that (i)&nbsp;the Merger Shares have been duly authorized and, if, as and when issued by the
Company in accordance with the Registration Statement (as amended and supplemented through the date
of issuance), will be validly issued, fully paid and nonassessable; (ii)&nbsp;the Warrant Shares have
been duly authorized and, if, as and when issued by the Company upon exercise of the Warrants in
accordance with the terms and conditions of the Warrants, will be validly issued, fully paid and
nonassessable; (iii)&nbsp;the Option Shares have been duly authorized and, if, as and when issued by the
Company upon exercise of the Options in accordance with the terms and conditions of the Options,
will be validly issued, fully paid and nonassessable; and (iv)&nbsp;the Option/Warrant Shares have been
duly authorized and, if, as and when issued by the Company upon exercise of the warrants issuable
upon exercise of the Options in accordance with the terms and conditions of the Options and such
warrants, will be validly issued, fully paid and nonassessable.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The foregoing opinion is limited to Arizona law and we express no opinion as to the effect on
the matters covered by this letter of the laws of any other jurisdiction.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;We hereby consent to the filing of this opinion as Exhibit&nbsp;5.1 to the Registration Statement
and to the use of our name under the caption &#147;Legal Matters&#148; in the Registration Statement and the
prospectus which forms a part of the Registration Statement and any supplement or supplements to
such prospectus. By the giving of such consent, we do not admit that we are within the category of
persons whose consent is required under Section&nbsp;7 of the Act or within the meaning of the rules and
regulations of the Commission.
</DIV>
<DIV align="left" style="font-size: 10pt; margin-left: 59%; margin-top: 36pt">Very truly yours,
</DIV>

<DIV align="left" style="font-size: 10pt; margin-left: 59%; margin-top: 16pt"><IMG src="g18264a4snellsig.gif" alt="(SNELL SIG LOGO)">
</DIV>




<P align="center" style="font-size: 10pt"><!-- Folio -->&nbsp;<!-- /Folio -->
</DIV>



</BODY>
</HTML>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-5.2
<SEQUENCE>3
<FILENAME>g18264a4exv5w2.htm
<DESCRIPTION>EX-5.2
<TEXT>
<HTML>
<HEAD>
<TITLE>exv5w2</TITLE>
</HEAD>
<BODY bgcolor="#FFFFFF">
<!-- PAGEBREAK -->

<DIV style="width: 87%; margin-left: 6%"><!-- BEGIN PAGE WIDTH -->


<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="right" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times"><b>Exhibit
5.2</b></FONT></B>
</DIV>


<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="right" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <IMG src="g18264a4g1826475.gif" alt="(RICHARD LAYTON AND FINGER LOGO)"><B>
    </B>
</DIV>




<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <FONT style="font-family: 'Times New Roman', Times">September
    29, 2009
    </FONT>
</DIV>



<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Ideation Acquisition Corp.
</DIV>



<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
     1105&#160;N.&#160;Market Street, Suite&#160;1300
</DIV>



<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
     Wilmington, Delaware 19801
</DIV>



<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Ladies and Gentlemen:
</DIV>



<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    We have acted as special Delaware counsel to Ideation
    Acquisition Corp., a Delaware corporation (the
    &#147;Company&#148;), in connection with the proposed amendment
    to the certificate of incorporation of the Company. In this
    connection, you have requested our opinion as to certain matters
    under the General Corporation Law of the State of Delaware (the
    &#147;General Corporation Law&#148;).
</DIV>



<DIV style="margin-top: 3pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    For the purpose of rendering our opinion as expressed herein, we
    have been furnished and have reviewed the following documents:
</DIV>



<DIV style="margin-top: 3pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (i)&#160;the Amended and Restated Certificate of Incorporation
    of the Company, as filed with the Secretary of State of the
    State of Delaware (the &#147;Secretary of State&#148;) on
    November&#160;21, 2007 (the &#147;Certificate of
    Incorporation&#148;);
</DIV>



<DIV style="margin-top: 3pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (ii)&#160;the Bylaws of the Company, adopted as of June&#160;1,
    2007 (the &#147;Bylaws&#148;);
</DIV>



<DIV style="margin-top: 3pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (iii)&#160;a form of the Certificate of Amendment to the Amended
    and Restated Certificate of Incorporation of the Company (the
    &#147;Certificate of Amendment&#148;) (attached hereto as
    Exhibit&#160;A);
</DIV>



<DIV style="margin-top: 3pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (iv)&#160;the
    <FONT style="white-space: nowrap">Form&#160;S-1/A</FONT>
    of the Company (the &#147;Registration Statement&#148;), as
    filed with the Securities and Exchange Commission (the
    &#147;SEC&#148;) on November&#160;1, 2007 in connection with the
    Company&#146;s initial public offering (&#147;IPO&#148;);
</DIV>



<DIV style="margin-top: 3pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (v)&#160;the proxy statement proposed to be filed with the SEC
    in connection with the Certificate of Amendment (the &#147;Proxy
    Statement&#148;);&#160;and
</DIV>



<DIV style="margin-top: 3pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    (vi)&#160;the Agreement and Plan of Merger, Conversion and Share
    Exchange, dated as of March&#160;31, 2009, by and among the
    Company, ID Arizona Corp., a corporation incorporated in the
    State of Arizona, SearchMedia International Limited, an exempted
    limited company incorporated under the laws of the Cayman
    Islands (&#147;SM Cayman&#148;), Shanghai Jingli Advertising
    Co., Ltd., a company incorporated under the legal requirements
    of the People&#146;s Republic of China, the subsidiaries of SM
    Cayman named therein, the shareholders and warrantholders of SM
    Cayman named therein, the SM Shareholders&#146; Representatives
    (as defined therein) and the other parties named therein, as
    amended by the First Amendment to the Agreement and Plan of
    Merger, Conversion and Share Exchange, effective as of
    May&#160;27, 2009, as further amended by the Second Amendment
    and Joinder to the Agreement and Plan of Merger, Conversion and
    Share Exchange, effective as of September&nbsp;8,
    2009, and as further amended by the Third Amendment to the
Agreement and Plan of Merger, Conversion and Share Exchange,
effective as of September&nbsp;22, 2009 (collectively, the &#147;Transaction Agreement&#148;).
</DIV>



<DIV style="margin-top: 3pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    With respect to the foregoing documents, we have assumed:
    (a)&#160;the genuineness of all signatures, and the incumbency,
    authority, legal right and power and legal capacity under all
    applicable laws and regulations, of each of the officers and
    other persons and entities signing or whose signatures appear
    upon each of said documents as or on behalf of the parties
    thereto; (b)&#160;the conformity to authentic originals of all
    documents submitted to us as certified, conformed, photostatic,
    electronic or other copies; and (c)&#160;that the foregoing
    documents, in the forms submitted to us for our review, have not
    been and will not be altered or amended in any respect material
    to our opinion as expressed herein. For the purpose of rendering
    our opinion as expressed herein, we have not reviewed any document other than
</DIV>


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<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Ideation Acquisition Corp.<BR>
    September 29, 2009<BR>
    Page 2
</DIV>
<DIV style="margin-top: 18pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    the
    documents set forth above, and, except as set forth in this
    opinion, we assume there exists no provision of any such other
    document that bears upon or is inconsistent with our opinion as
    expressed herein. We have conducted no independent factual
    investigation of our own, but rather have relied as to factual
    matters solely upon the foregoing documents, the statements and
    information set forth therein, and the additional matters
    recited or assumed herein, all of which we assume to be true,
    complete and accurate in all material respects.
</DIV>



<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><U><FONT style="font-family: 'Times New Roman', Times">BACKGROUND</FONT></U></B>
</DIV>



<DIV style="margin-top: 3pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    We have been advised, and accordingly assume for purposes of our
    opinion as expressed herein, that (i)&#160;the Company has
    entered into the Transaction Agreement which provides for the
    redomestication of the Company from a Delaware corporation to a
    Cayman Islands exempted company (&#147;ID Cayman&#148;) and the
    share exchange between ID Cayman and SM Cayman, after which SM
    Cayman will become a wholly owned subsidiary of ID Cayman
    (collectively, the &#147;Proposed Business Combination&#148;);
    (ii)&#160;under Article&#160;Fourth of the Certificate of
    Incorporation, a failure to consummate an Initial Business
    Combination (as defined in Article&#160;Sixth of the Certificate
    of Incorporation) by November&#160;19, 2009 (the
    &#147;Termination Date&#148;) will result in the dissolution and
    liquidation of the Company; (iii)&#160;the Proposed Business
    Combination qualifies as an &#147;Initial Business
    Combination&#148; under Article&#160;Fourth of the Certificate
    of Incorporation; (iv)&#160;in order to consummate the Proposed
    Business Combination prior to the Termination Date, the Company
    is proposing to amend paragraph&#160;D of Article&#160;Sixth of
    the Certificate of Incorporation as set forth in Exhibit&#160;A
    to provide that any holders of IPO
    Shares<SUP style="font-size: 85%; vertical-align: top">1</SUP>

    who affirmatively elect to convert their IPO Shares into cash,
    regardless of whether they vote their IPO Shares for or against
    the Initial Business Combination, will be entitled to receive a
    <U>pro</U> <U>rata</U> portion of the Trust&#160;Account (as
    defined in Article&#160;Sixth of the Certificate of
    Incorporation) if an Initial Business Combination is consummated
    (the &#147;Conversion Rights&#148;); and (v)&#160;the
    stockholders&#146; vote on any proposal will not adversely
    affect the stockholders&#146; Conversion Rights as originally
    described in the Registration Statement.
</DIV>



<DIV style="margin-top: 3pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Article&#160;Sixth of the Certificate of Incorporation provides
    in pertinent part:
</DIV>



<DIV style="margin-top: 3pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <U>Paragraphs&#160;A through G below</U> shall apply during the
    period commencing upon consummation of the Corporation&#146;s
    initial public offering (the &#147;IPO&#148;) and terminating
    upon consummation of any Initial Business Combination (the
    &#147;Restricted Period&#148;) and <U>may not be amended during
    the Restricted Period without the affirmative vote of the
    holders of 95% of the Corporation&#146;s outstanding shares of
    Common Stock.</U>
</DIV>



<DIV style="margin-top: 3pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Thus, the underlined language in the introductory paragraph of
    Article&#160;Sixth of the Certificate of Incorporation purports
    to require the affirmative vote of the holders of 95% of the
    Company&#146;s outstanding shares of common stock for an
    amendment to paragraphs&#160;A through G of Article&#160;Sixth
    of the Certificate of Incorporation during the Restricted Period
    (as defined in Article&#160;Sixth of the Certificate of
    Incorporation). We assume for purposes of our opinion as
    expressed herein, that because the Company is a public
    corporation, approval of the holders of 95% of the outstanding
    common stock of the Company cannot reasonably be
    attained.<SUP style="font-size: 85%; vertical-align: top">2</SUP>

    Accordingly, as a factual matter, the provision in the
    introductory paragraph of Article&#160;Sixth, which purports to
    require approval of 95% of the Company&#146;s outstanding shares
    of common stock to amend
</DIV>


<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV><DIV style="font-size: 1pt; margin-left: 0%; width: 13%; align: left; border-bottom: 1pt solid #000000"></DIV><DIV style="margin-top: 3pt; font-size: 1pt">&nbsp;</DIV>
<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <SUP style="font-size: 85%; vertical-align: top">1</SUP>&#160;We

    understand that the IPO Shares constitute all of the
    Company&#146;s common stock issued in the IPO.
</DIV>



<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <SUP style="font-size: 85%; vertical-align: top">2</SUP>&#160;In

    <U>Chesapeake Corp.&#160;v. Shore</U>, 771 A.2d 293, 342 (Del.
    Ch. 2000), the Court of Chancery, after consideration of expert
    testimony on the subject, noted that for a public corporation, a
    provision requiring an 88% vote of stockholders to take certain
    actions was set at an &#147;unattainably high level.&#148;
    Similarly, in <U>Sellers&#160;v. Joseph Bancroft&#160;&#038;
    Sons Co.,</U> 2 A.2d 108, 114 (Del. Ch. 1938), the Court of
    Chancery questioned the validity of a certificate of
    incorporation provision requiring the vote or consent of 100% of
    the preferred stockholders to amend the certificate of
    incorporation because the 100% vote requirement made such
    provision &#147;practically irrepealable.&#148;
</DIV>


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<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Ideation Acquisition Corp.<BR>
    September 29, 2009<BR>
    Page 3
</DIV>
<DIV style="margin-top: 18pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    paragraphs&#160;A through G, effectively eliminates the
    Company&#146;s power to amend paragraphs&#160;A through G of
    Article&#160;Sixth of the Certificate of Incorporation during
    the Restricted Period.
</DIV>



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    <B><U><FONT style="font-family: 'Times New Roman', Times">DISCUSSION</FONT></U></B>
</DIV>



<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    You have asked our opinion as to whether paragraph&#160;D of
    Article&#160;Sixth may be amended as provided in the Certificate
    of Amendment. For the reasons set forth below, in our opinion,
    the provision in the introductory paragraph of
    Article&#160;Sixth of the Certificate of Incorporation, which
    requires the holders of 95% of the Company&#146;s outstanding
    shares of common stock to approve any amendment to
    paragraphs&#160;A through G of Article&#160;Sixth during the
    Restricted Period, effectively eliminates the Company&#146;s
    (and, consequently, the Company&#146;s directors and
    stockholders) statutory power to amend paragraphs&#160;A through
    G of Article&#160;Sixth during the Restricted Period, and is
    therefore not valid under the General Corporation Law. Because
    the portion of Article&#160;Sixth requiring the approval of
    holders of 95% of the Company&#146;s outstanding shares of
    common stock to amend paragraphs&#160;A through G of
    Article&#160;Sixth of the Certificate of Incorporation is
    invalid, paragraph&#160;D of Article&#160;Sixth may be amended
    as provided in the Certificate of Amendment subject to
    compliance with the amendatory procedures set forth in
    Section&#160;242(b) of the General Corporation Law.
</DIV>




<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">

</DIV>


<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Section&#160;242(a) of the General Corporation Law provides that:
</DIV>



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<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    [a]fter a corporation has received payment for any of its
    capital stock, it may amend its certificate of incorporation,
    from time to time, in any and as many respects as may be
    desired, so long as its certificate of incorporation as amended
    would contain only such provisions as it would be lawful and
    proper to insert in an original certificate of incorporation
    filed at the time of the filing of the amendment ... In
    particular, and without limitation upon such general power of
    amendment, a corporation may amend its certificate of
    incorporation, from time to time, so as ... (2)&#160;To change,
    substitute, enlarge or diminish the nature of its business or
    its corporate powers and purposes ...
</DIV>



<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    8&#160;<U>Del. C.</U> &#167;&#160;242(a). In addition,
    Section&#160;242(b) of the General Corporation Law provides that:
</DIV>



<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Every amendment [to the Certificate of Incorporation] ...
    <U>shall</U> be made and effected in the following manner: (1)
    [i]f the corporation has capital stock, its board of directors
    <U>shall</U> adopt a resolution setting forth the amendment
    proposed, declaring its advisability, and either calling a
    special meeting of the stockholders entitled to vote in respect
    thereof for the consideration of such amendment or directing
    that the amendment proposed be considered at the next annual
    meeting of the stockholders.... If a majority of the outstanding
    stock entitled to vote thereon, and a majority of the
    outstanding stock of each class entitled to vote thereon as a
    class has been voted in favor of the amendment, a certificate
    setting forth the amendment and certifying that such amendment
    has been duly adopted in accordance with this section
    <U>shall</U> be executed, acknowledged and filed and
    <U>shall</U> become effective in accordance with &#167;&#160;103
    of this title.
</DIV>



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<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    8&#160;<U>Del. C.</U> &#167;&#160;242(b) (emphasis added). Thus,
    Section&#160;242(a) grants Delaware corporations broad statutory
    power to amend their certificates of incorporation to the extent
    permitted under Delaware law, including to the extent
    contemplated by the Certificate of Amendment, subject to
    compliance with the amendatory procedures set forth in
    Section&#160;242(b). Implicit in the language of
    Section&#160;242 is that the power to amend the certificate of
    incorporation is a fundamental power of Delaware corporations
    vested in directors and stockholders of a corporation. Nothing
    in Section&#160;242 suggests that this statutory power may be
    entirely eliminated by a provision of the certificate of
    incorporation with respect to certain provisions thereof.
    Indeed, the mandatory language in Section&#160;242(b) supports
    the proposition that the corporation&#146;s broad power to amend
    the certificate of incorporation cannot be eliminated.
    Section&#160;242(b) mandates that, absent a provision permitting
    the board to abandon a proposed amendment, &#147;a certificate
    setting forth the amendment ... <U>shall</U> be executed,
</DIV>


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    Ideation Acquisition Corp.<BR>
    September 29, 2009<BR>
    Page 4
</DIV>
<DIV style="margin-top: 18pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    acknowledged and filed and <U>shall</U> become effective&#148;
    upon obtaining the requisite board and stockholder approvals. 8
    <U>Del. C.</U> &#167;&#160;242(b)(1) (emphasis added).
</DIV>



<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    In our opinion, the provision in the introductory paragraph of
    Article&#160;Sixth of the Certificate of Incorporation that
    purports to eliminate the statutory power of the Company (and,
    consequently, of the directors and stockholders) to amend
    paragraphs&#160;A through G of Article&#160;Sixth of the
    Certificate of Incorporation is contrary to the laws of the
    State of Delaware and, therefore, is invalid pursuant to
    Section&#160;102(b)(1) of the General Corporation Law.
    Section&#160;102(b)(1) provides that a certificate of
    incorporation may contain:
</DIV>



<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Any provision for the management of the business and for the
    conduct of the affairs of the corporation, and any provision
    creating, defining, limiting and regulating the powers of the
    corporation, the directors, and the stockholders, or any class
    of the stockholders . . . ; <U>if such provisions are not
    contrary to the laws of [the State of Delaware]</U>.
</DIV>



<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    8&#160;<U>Del. C.</U> &#167;&#160;102(b)(1) (emphasis added).
    Thus, the ability to curtail the powers of the corporation, the
    directors and the stockholders through the certificate of
    incorporation is not without limitation. Any provision in the
    certificate of incorporation that is contrary to Delaware law is
    invalid. <U>See</U> <U>Lions Gate Entm&#146;t Corp.&#160;v.
    Image Entm&#146;t Inc.</U>, 2006 WL 1668051, at *7 (Del. Ch.
    June&#160;5, 2006) (footnote omitted) (noting that a charter
    provision &#147;purport[ing] to give the Image board the power
    to amend the charter unilaterally without a shareholder
    vote&#148; after the corporation had received payment for its
    stock &#147;contravenes Delaware law [<U>i.e.</U>,
    Section&#160;242 of the General Corporation Law] and is
    invalid.&#148;). In <U>Sterling&#160;v. Mayflower Hotel
    Corp.</U>, 93 A.2d 107, 118 (Del. 1952), the Court found that a
    charter provision is &#147;contrary to the laws of
    [Delaware]&#148; if it transgresses &#147;a statutory enactment
    or a public policy settled by the common law or implicit in the
    General Corporation Law itself.&#148; The Court in
    <U>Loew&#146;s Theatres, Inc.&#160;v. Commercial Credit Co.</U>,
    243 A.2d 78, 81 (Del. Ch. 1968), adopted this view, noting that
    &#147;a charter provision which seeks to waive a statutory right
    or requirement is
    unenforceable.&#148;<SUP style="font-size: 85%; vertical-align: top">3</SUP>

</DIV>





<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    That the statutory power to amend the certificate of
    incorporation is a fundamental power of Delaware corporations is
    supported by Delaware case law. Delaware courts have repeatedly
    held that a reservation of the right to amend the certificate of
    incorporation is a part of any certificate of incorporation,
    whether or not such reservation is expressly included
    therein.<SUP style="font-size: 85%; vertical-align: top">4</SUP>

    <U>See</U>, <U>e.g.</U>, <U>Maddock&#160;v. Vorclone
    Corp.</U>, 147 A. 255 (Del. Ch. 1929); <U>Coyne&#160;v.
    Park&#160;&#038; Tilford Distillers Corp.</U>, 154 A.2d 893
    (Del. 1959); <U>Weinberg&#160;v. Baltimore Brick Co.</U>, 114
    A.2d 812, 814 (Del. 1955); <U>Morris&#160;v. American Public
    Utilities Co.</U>, 122 A. 696, 701 (Del. Ch. 1923). <U>See
    also</U> 2 David A. Drexler, Lewis S. Black,&#160;Jr. &#038; A.
    Gilchrist Sparks,&#160;III, <U>Delaware Corporation
    Law&#160;&#038; Practice</U>,
</DIV>


<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV><DIV style="font-size: 1pt; margin-left: 0%; width: 13%; align: left; border-bottom: 1pt solid #000000"></DIV><DIV style="margin-top: 3pt; font-size: 1pt">&nbsp;</DIV>
<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <SUP style="font-size: 85%; vertical-align: top">3</SUP>&#160;We

    note that Section&#160;102(b)(4) of the General Corporation Law
    expressly permits a Delaware corporation to include in its
    certificate of incorporation provisions that modify the voting
    rights of directors and stockholders set forth in other
    provisions of the General Corporation Law. 8 <u>Del. C.</u>&#167;&#160; 102(b)(4)
    (&#147;the certificate of incorporation may also contain...
    [p]rovisions requiring for any corporate action, the vote of a
    larger portion of the stock... or a larger number of the
    directors, than is required by this chapter.&#148;). While
    Section&#160;102(b)(4) permits certificate of incorporation
    provisions to require a greater vote of directors or
    stockholders than is otherwise required by the General
    Corporation Law, in our view, nothing in Section&#160;102(b)(4)
    purports to authorize a certificate of incorporation provision
    that effectively eliminates the power of directors and
    stockholders to amend the certificate of incorporation, with
    respect to certain provisions thereof or otherwise, as expressly
    permitted by Section&#160;242. <U>See also Sellers&#160;v.
    Joseph Bancroft&#160;&#038; Sons Co.</U>, 2 A.2d 108, 114 (Del.
    Ch. 1938) (where the Court questioned the validity of a
    certificate of incorporation provision requiring the vote or
    consent of 100% of the preferred stockholders to amend the
    certificate of incorporation in any manner which reduced the
    pecuniary rights of the preferred stock because the 100% vote
    requirement made such provision &#147;practically
    irrepealable.&#148;).
</DIV>



<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <SUP style="font-size: 85%; vertical-align: top">4</SUP>&#160;This

    principle is also codified in Section&#160;394 of the General
    Corporation Law. <u>See</u> 8 <u>Del. C.</u> &#167; 394.
</DIV>


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<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Ideation Acquisition Corp.<BR>
    September 29, 2009<BR>
    Page 5
</DIV>
<DIV style="margin-top: 18pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    &#167;&#160;32.02 (2005) (&#147;No case has ever questioned the
    fundamental right of corporations to amend their certificates of
    incorporation in accordance with statutory procedures. From the
    earliest decisions, it has been held that every corporate
    charter implicitly contains as a constituent part thereof every
    pertinent provision of the corporation law, including the
    provisions authorizing charter amendments.&#148;); 1 R. Franklin
    Balotti&#160;&#038; Jesse A. Finkelstein, <U>The Delaware Law of
    Corporations&#160;&#038; Business Organizations</U>
    &#167;&#160;8.1 (2007 Supp.) (&#147;The power of a corporation
    to amend its certificate of incorporation was granted by the
    original General Corporation Law and has continued to this
    day.&#148;) (footnotes omitted); 1 Edward P. Welch, Andrew J.
    Turezyn&#160;&#038; Robert S. Saunders, <U>Folk on the Delaware
    General Corporation Law</U> &#167;&#160;242.2.2, GCL-VIII-13
    <FONT style="white-space: nowrap">(2007-1</FONT>
    Supp.) (&#147;A corporation may ... do anything that
    section&#160;242 authorizes because the grant of amendment power
    contained in section&#160;242 and its predecessors is itself a
    part of the charter.&#148;) (citing <U>Goldman&#160;v. Postal
    Tel., Inc.</U>, 52 F.Supp. 763, 769 (D. Del. 1943);
    <U>Davis&#160;v. Louisville Gas&#160;&#038; Electric Co.</U>,
    142 A. 654,
    <FONT style="white-space: nowrap">656-58</FONT> (Del.
    Ch. 1928); <U>Morris</U>, 122 A. at 701; <U>Peters&#160;v.
    United States Mortgage Co.,</U> 114 A. 598, 600 (Del. Ch.
    1921)); <U>Peters</U>, 114 A. at 600 (&#147;There is impliedly
    written into every corporate charter in this state, as a
    constituent part thereof, every pertinent provision of our
    Constitution and statutes. The corporation in this case was
    created under the General Corporation Law ... That law clearly
    reserves to this corporation the right to amend its certificate
    in the manner proposed.&#148;).
</DIV>





<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    In <U>Davis v. Louisville Gas&#160;&#038; Electric Co.</U>, 142
    A. 654 (Del. Ch. 1928), the Court of Chancery interpreted this
    reserved right to amend the certificate of incorporation broadly
    and observed that the legislature, by granting broad powers to
    the stockholders to amend the certificate of incorporation,
    &#147;recognized the unwisdom of casting in an unchanging mould
    the corporate powers which it conferred touching these questions
    so as to leave them fixed for all time.&#148; <U>Id.</U> at 657.
    Indeed, the Court queried, &#147;[m]ay it not be assumed that
    the Legislature foresaw that the interests of the corporations
    created by it might, as experience supplied the material for
    judgment, be best subserved by an alteration of their
    intracorporate and in a sense private powers,&#148; <U>i.e.</U>,
    by an alteration of the terms of the certificate of
    incorporation? <U>Id.</U> The Court further confirmed the
    important public policy underlying the reservation of the right
    to amend the certificate of incorporation:
</DIV>



<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    The very fact that the [General Corporation Law]...deal[s] in
    great detail with innumerable aspects of the [certificate of
    incorporation] in what upon a glance would be regarded as
    relating to its private as distinguished from its public
    character, has some force to suggest that the state, by dealing
    with such subjects in the statute rather than by leaving them to
    be arranged by the corporate membership, has impliedly impressed
    upon such matters the quality of public interest and concern.
</DIV>



<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <U>Id.</U>
</DIV>



<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    While there is no definitive case law addressing the
    enforceability or validity, under Delaware law or otherwise, of
    a certificate of incorporation provision that attempts to place
    a blanket prohibition on amendments to certain provisions of the
    certificate of incorporation, in our view, such a provision
    would be invalid. Indeed, in confirming the fundamental
    importance of a corporation&#146;s power to amend the
    certificate of incorporation, Delaware courts have suggested, in
    dicta, that such provision might be unenforceable. <U>See</U>,
    <U>e.g.</U>, <U>Jones Apparel Group, Inc.&#160;v. Maxwell Shoe
    Co.</U>, 883 A.2d 837 (Del. Ch. 2004) (The Court suggested that
    the statutory power to recommend to stockholders amendments to
    the certificate of incorporation is a core duty of directors and
    noted that a certificate of incorporation provision purporting
    to eliminate a core duty of the directors would likely
    contravene Delaware public policy.); <U>Triplex Shoe Co.&#160;v.
    Rice&#160;&#038; Hutchins, Inc.</U>, 152 A. 342, 347, 351 (Del.
    1930) (Despite the absence of common stockholders who held the
    &#147;sole&#148; power to vote on amendments to the certificate
    of incorporation, the Court assumed that an amendment to the
    certificate of incorporation nonetheless had been validly
    approved by the preferred stockholders noting that, by &#147;the
    very necessities of the case,&#148; the holders of preferred
    stock had the power to vote where no common stock had been
    validly issued because otherwise the corporation would be
    &#147;unable to function.&#148;); <U>Sellers&#160;v. Joseph
    Bancroft&#160;&#038; Sons Co.</U>, 2 A.2d 108, 114 (Del. Ch.
    1938) (The Court questioned the validity of a certificate of
    incorporation provision requiring the vote or consent of 100% of
    the preferred stockholders to amend the
</DIV>


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<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Ideation Acquisition Corp.<BR>
    September 29, 2009<BR>
    Page 6
</DIV>
<DIV style="margin-top: 18pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    certificate of incorporation in any manner which reduced the
    pecuniary rights of the preferred stock because the 100% vote
    requirement made such provision &#147;practically
    irrepealable.&#148;).
</DIV>



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<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    More recently, the Court in <U>Jones Apparel</U> suggested that
    the right of directors to recommend to stockholders amendments
    to the certificate of incorporation is a &#147;core&#148; right
    of fundamental importance under the General Corporation Law. In
    <U>Jones Apparel</U>, the Delaware Court of Chancery examined
    whether a certificate of incorporation provision eliminating the
    power of a board of directors to fix record dates was permitted
    under Section&#160;102(b)(1) of the General Corporation Law.
    While the Court upheld the validity of the record date
    provision, it was quick to point out that not all provisions in
    a certificate of incorporation purporting to eliminate director
    rights would be enforceable. <U>Jones Apparel</U>, 883 A.2d at
    848. Rather, the Court suggested that certain statutory rights
    involving &#147;core&#148; director duties may not be modified
    or eliminated through the certificate of incorporation. The
    <U>Jones Apparel</U> Court observed:
</DIV>



<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 4%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    [Sections] 242(b)(1) and 251 do not contain the magic words
    [&#147;unless otherwise provided in the certificate of
    incorporation&#148;] and they deal respectively with the
    fundamental subjects of certificate amendments and mergers. Can
    a certificate provision divest a board of its statutory power to
    approve a merger? Or to approve a certificate amendment? Without
    answering those questions, I think it fair to say that those
    questions inarguably involve far more serious intrusions on core
    director duties than does [the record date provision at issue].
    I also think that the use by our judiciary of a more context-
    and statute-specific approach to police &#147;horribles&#148; is
    preferable to a sweeping rule that denudes &#167;&#160;102(b)(1)
    of its utility and thereby greatly restricts the room for
    private ordering under the DGCL.
</DIV>



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<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <U>Id.</U> at 852. While the Court in <U>Jones Apparel</U>
    recognized that certain provisions for the regulation of the
    internal affairs of the corporation may be made subject to
    modification or elimination through the private ordering system
    of the certificate of incorporation and bylaws, it suggested
    that other powers vested in directors&#160;&#151; such as the
    power to amend the certificate of incorporation&#160;&#151; are
    so fundamental to the proper functioning of the corporation that
    they cannot be so modified or eliminated. <U>Id.</U>
</DIV>



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<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    As set forth above, the statutory language of Section&#160;242
    and Delaware case law confirm that the statutory power to amend
    the certificate of incorporation is a fundamental power of
    Delaware corporations as a matter of Delaware public policy.
    Moreover, Delaware case law also suggests that the fundamental
    power to amend the certificate of incorporation is a core right
    of the directors of a Delaware corporation. Because the
    provision in the introductory paragraph of Article&#160;Sixth of
    the Certificate of Incorporation purports to eliminate the
    fundamental power of the Company (and the &#147;core&#148; right
    of the Company&#146;s directors) to amend paragraphs&#160;A
    through G of Article&#160;Sixth of the Certificate of
    Incorporation during the Restricted Period, such provision is
    contrary to the laws of the State of Delaware and, therefore, is
    invalid.
</DIV>



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<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Given our conclusion that paragraph&#160;D of Article&#160;Sixth
    may be amended as provided in the Certificate of Amendment
    subject to compliance with the amendatory procedures set forth
    in Section&#160;242(b) of the General Corporation Law, you have
    asked our opinion as to the vote required for approval of the
    Certificate of Amendment. Section&#160;242(b) of the General
    Corporation Law provides the default voting requirements for an
    amendment to the certificate of incorporation. Under
    Section&#160;242(b)(1), the Board of Directors of the Company
    (the &#147;Board&#148;) would be required to adopt a resolution
    setting forth the amendment proposed (<U>i.e.</U>, the
    Certificate of Amendment) and declaring its advisability prior
    to submitting the Certificate of Amendment to the stockholders
    entitled to vote on amendments to the Certificate of
    Incorporation. The Board may adopt such resolution by the
    affirmative vote of a majority of the directors present at a
    meeting at which a quorum is present, or, alternatively, by
    unanimous written consent of all directors. <U>See</U> 8 <U>Del.
    C.</U> &#167;&#167;&#160;141(b), 141(f). After the Certificate
    of Amendment has been duly approved by the Board, it must then
    be submitted to the stockholders of the Company for a vote
    thereon. The affirmative vote of a majority of the outstanding
    stock entitled to vote thereon would be required for approval of
    the Certificate of Amendment. <U>See</U> 8 <U>Del. C.</U>
    &#167;&#167;&#160;242(b)(1). The default voting requirements set
    forth above may be increased to require a greater vote of the
</DIV>


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<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Ideation Acquisition Corp.<BR>
    September 29, 2009<BR>
    Page 7
</DIV>
<DIV style="margin-top: 18pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    directors or stockholders by a provision in the certificate of
    incorporation or the bylaws (in the case of the Board).
    <U>See</U> 8 <U>Del. C.</U> &#167;&#167;&#160;102(b)(4), 141(b),
    216,
    242(b)(4).<SUP style="font-size: 85%; vertical-align: top">5</SUP>

    However, any certificate of incorporation or bylaw provision
    purporting to impose a supermajority or unanimous voting
    requirement must otherwise be valid under the General
    Corporation Law. As discussed above, in our opinion, the
    provision in the introductory paragraph of Article&#160;Sixth of
    the Certificate of Incorporation, which purports to require the
    approval of 95% of the outstanding common stock of the Company
    to amend paragraphs&#160;A through G of Article&#160;Sixth, is
    not a valid certificate of incorporation provision under the
    General Corporation Law. Because there is no valid provision in
    the Certificate of Incorporation or Bylaws purporting to impose
    a different or greater vote of the directors or stockholders for
    the approval of an amendment to the Certificate of
    Incorporation, in our view, the statutory default voting
    requirements would apply to the approval of the Certificate of
    Amendment by the directors and stockholders of the Company.
</DIV>



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    <B><U><FONT style="font-family: 'Times New Roman', Times">CONCLUSION</FONT></U></B>
</DIV>



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<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Based upon and subject to the foregoing, and subject to the
    limitations stated herein, it is our opinion that the
    Certificate of Amendment, if duly adopted by the Board of
    Directors of the Company (by vote of the majority of the
    directors present at a meeting at which a quorum is present or,
    alternatively, by unanimous written consent) and duly approved
    by the holders of a majority of the outstanding stock of the
    Company entitled to vote thereon, all in accordance with
    Section&#160;242(b) of the General Corporation Law, would be
    valid and effective when filed with the Secretary of State in
    accordance with Sections&#160;103 and 242 of the General
    Corporation Law.
</DIV>



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<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    The foregoing opinion is limited to the General Corporation Law.
    We have not considered and express no opinion on any other laws
    or the laws of any other state or jurisdiction, including
    federal laws regulating securities or any other federal laws, or
    the rules and regulations of stock exchanges or of any other
    regulatory body.
</DIV>





<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    The foregoing opinion is rendered for your benefit in connection
    with the matters addressed herein. We understand that you may
    furnish a copy of this opinion letter to the SEC in connection
    with the matters addressed herein. We further understand that
    you may include this opinion letter as an annex to your proxy
    statement for the special meeting of stockholders of the Company
    to consider and vote upon the Certificate of Amendment or as an
    exhibit to the Registration Statement on
    <FONT style="white-space: nowrap">Form&#160;S-4</FONT>
    filed in connection therewith, and we consent to your doing so.
    Except as stated in this paragraph, this opinion letter may not
    be furnished or quoted to, nor may the foregoing opinion be
    relied upon by, any other person or entity for any purpose
    without our prior written consent.
</DIV>





<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 49%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Very truly yours,<br><br>/s/ Richards, Layton &amp; Finger, P.A.
</DIV>



<DIV style="margin-top: 12pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    CSB/TNP
</DIV>


<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV><DIV style="font-size: 1pt; margin-left: 0%; width: 13%; align: left; border-bottom: 1pt solid #000000"></DIV><DIV style="margin-top: 3pt; font-size: 1pt">&nbsp;</DIV>
<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <SUP style="font-size: 85%; vertical-align: top">5</SUP>&#160;<u>See</u> <u>supra</u> note&#160;3 and accompanying text.
</DIV>


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    <U><FONT style="font-family: 'Times New Roman', Times">Exhibit&#160;A</FONT></U>
</DIV>
<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="center" style="margin-left: 0%; margin-right: 0%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: #FFFFFF">

    <B><FONT style="font-family: 'Times New Roman', Times">CERTIFICATE OF AMENDMENT<BR>
    TO<BR>
    THE AMENDED AND RESTATED CERTIFICATE OF INCORPORATION<BR>
    OF<BR>
    IDEATION ACQUISITION CORP.</FONT></B>
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    IDEATION ACQUISITION CORP., a corporation organized and existing
    under and by virtue of the General Corporation Law of the State
    of Delaware (the &#147;Corporation&#148;), DOES HEREBY CERTIFY:
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    FIRST:&#160;&#160;That the Board of Directors of said
    corporation, at a duly called and held meeting of its members,
    adopted a resolution proposing and declaring advisable the
    following amendment to the Amended and Restated Certificate of
    Incorporation of said corporation (the &#147;Amendment&#148;):
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    RESOLVED, that SECTION&#160;D OF ARTICLE&#160;SIXTH of the
    Amended and Restated Certificate of Incorporation of the
    Corporation is amended in its entirety to read as follows:
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    &#147;At the time the Corporation seeks approval of the Initial
    Business Combination in accordance with paragraph&#160;C above,
    each holder of IPO Shares (each a &#147;Public
    Stockholder&#148;) may, at its option, in accordance with the
    terms of this Section, convert its IPO Shares into cash at a per
    share conversion price (the &#147;Conversion Price&#148;),
    calculated as of two business days prior to the proposed
    consummation of the Initial Business Combination, equal to
    (A)&#160;the amount in the Trust&#160;Account, inclusive of
    (x)&#160;the proceeds from the IPO held in the
    Trust&#160;Account and the proceeds from the sale of the Insider
    Warrants, (y)&#160;the amount held in the Trust&#160;Account
    representing the Deferred Underwriting Compensation and
    (z)&#160;any interest income earned on the funds held in the
    Trust&#160;Account, net of taxes payable, that is not released
    to the Corporation to cover its operating expenses in accordance
    with paragraph&#160;B above, divided by (B)&#160;the number of
    IPO Shares outstanding on the date of calculation (including
    shares sold pursuant to the exercise of the over-allotment
    option, if any). If a majority of the shares voted by the Public
    Stockholders are voted to approve the Initial Business
    Combination, and if Public Stockholders owning less than 30% of
    the total IPO Shares both (1)&#160;vote against approval of the
    proposed Initial Business Combination and (2)&#160;elect to
    convert their shares, the Corporation will proceed with such
    Initial Business Combination. If the Corporation so proceeds,
    subject to the availability of lawful funds therefor, the
    Corporation will convert IPO Shares held by those Public
    Stockholders who have voted such IPO Shares, either in person or
    by proxy, for or against the Initial Business Combination,
    regardless of whether such IPO Shares were voted for or against
    the Initial Business Combination, and in connection with voting
    such shares, have affirmatively elected to convert such IPO
    Shares into cash at the Conversion Price. Only Public
    Stockholders shall be entitled to receive distributions from the
    Trust&#160;Account in connection with the approval of an Initial
    Business Combination, and the Corporation shall pay no
    distributions with respect to any other holders or shares of
    capital stock of the Corporation. If Public Stockholders holding
    30% or more of the IPO Shares vote against approval of the
    proposed Initial Business Combination and elect to convert their
    IPO Shares, the Corporation will not proceed with such Initial
    Business Combination and will not convert any IPO Shares.&#148;
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    SECOND:&#160;&#160;This Certificate of Amendment was duly
    adopted by the stockholders of the Corporation in accordance
    with Section&#160;242 of the General Corporation Law of the
    State of Delaware.
</DIV>

<DIV style="margin-top: 6pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    THIRD:&#160;&#160;That the aforesaid amendment was duly
    adopted in accordance with the applicable provisions of
    Sections&#160;242 of the General Corporation Law of the State of
    Delaware.
</DIV>

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<DIV align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 4%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    IN WITNESS WHEREOF, the Corporation has caused this certificate
    to be signed by its President and Chief Executive Officer,
    this&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;
    day of , 2009.
</DIV>

<DIV style="margin-top: 24pt; font-size: 1pt">&nbsp;</DIV>

<DIV align="left" style="margin-left: 49%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    IDEATION ACQUISITION CORP.
</DIV>

<DIV style="margin-top: 48pt; font-size: 1pt">&nbsp;</DIV>

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    <TD width="49%"></TD>
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    <TD>&nbsp;</TD>
    <TD>    By:&#160;
</TD>
    <TD align="left">
    <DIV style="display:inline; text-align:left;">&#160;&#160;&#160;<FONT style="font-variant: SMALL-CAPS">&#160;</FONT></DIV>
</TD>
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</TABLE>

<DIV style="font-size: 2pt; margin-left: 53%; width: 100%;  align: left; border-bottom: 1pt solid #000000"></DIV><!-- callerid=999 iwidth=456 length=0 -->

<DIV align="left" style="margin-left: 53%; margin-right: 0%; text-indent: 0%; font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    Name:&#160;&#160;&#160;&#160;&#160;Robert Fried
</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="53%"></TD>
    <TD width="8%"></TD>
    <TD width="39%"></TD>
</TR>

<TR valign="top" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <TD>&nbsp;</TD>
    <TD>    Title:&#160;
</TD>
    <TD align="left">
    President and Chief Executive Officer
</TD>
</TR>

</TABLE>

<P align="center" style="font-size: 10pt; font-family: 'Times New Roman', Times; color: #000000; background: #FFFFFF">
    <BR>
    2
</DIV><!-- END PAGE WIDTH -->
</BODY>
</HTML>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-5.3
<SEQUENCE>4
<FILENAME>g18264a4exv5w3.htm
<DESCRIPTION>EX-5.3
<TEXT>
<HTML>
<HEAD>
<TITLE>exv5w3</TITLE>
</HEAD>
<BODY bgcolor="#FFFFFF">
<!-- PAGEBREAK -->
<DIV style="font-family: 'Times New Roman',Times,serif">


<DIV align="right" style="font-size: 10pt; margin-top: 12pt"><B>Exhibit&nbsp;5.3</B>
</DIV>

<P><DIV style="position: relative; float: left; width: 70%">

<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><IMG src="g18264a4g18264a.gif" alt="(Jun He Law Offices LH)">
</DIV>


<DIV align="right" style="font-size: 10pt; margin-top: 12pt">September&nbsp;29, 2009
</DIV>


<DIV align="right" style="font-size: 10pt; margin-top: 12pt">&nbsp;
</DIV>


<DIV align="right" style="font-size: 10pt; margin-top: 12pt">&nbsp;
</DIV>


<DIV align="left" style="margin-top: 12pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt; background: transparent; color: #000000">
<TR>
    <TD width="3%"></TD>
    <TD width="1%"></TD>
    <TD></TD>
</TR>
<TR valign="top">
    <TD nowrap align="left"><B>TO:</B></TD>
    <TD>&nbsp;</TD>
    <TD><B>Ideation Acquisition Corp.</B><BR>
1105 N. Market Street, Suite&nbsp;1300<BR>
Wilmington, Delaware 19801<BR>
U.S.A</TD>
</TR>
</TABLE>
</DIV>

<DIV align="left" style="margin-top: 12pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt; background: transparent; color: #000000">
<TR>
    <TD width="3%"></TD>
    <TD width="1%"></TD>
    <TD></TD>
</TR>
<TR valign="top">
    <TD nowrap align="left"></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
</TABLE>
</DIV>

<DIV align="left" style="margin-top: 12pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt; background: transparent; color: #000000">
<TR>
    <TD width="3%"></TD>
    <TD width="1%"></TD>
    <TD></TD>
</TR>
<TR valign="top">
    <TD nowrap align="left"></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
</TABLE>
</DIV>

<DIV align="left" style="margin-top: 12pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt; background: transparent; color: #000000">
<TR>
    <TD width="3%"></TD>
    <TD width="1%"></TD>
    <TD></TD>
</TR>
<TR valign="top">
    <TD nowrap align="left"></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
</TABLE>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 12pt">Dear Sirs:
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt"><B>1. </B><U><B>Introduction</B></U>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">We act as legal counsel with regard to the laws of the People&#146;s Republic of China (for purposes of
this opinion, excluding the Hong Kong Special Administrative Region, the Macao Special
Administrative Region and the Taiwan Region, the &#147;<B>PRC</B>&#148;) for Ideation Acquisition Corp. (
&#147;<B>Ideation</B>&#148;) in connection with (i)&nbsp;the Agreement and Plan of Merger, Conversion and Share Exchange
(the &#147;<B>SEA</B>&#148;), dated as of March&nbsp;31, 2009 by and among, inter alia, Ideation, ID Arizona Corp.,
SearchMedia International Limited ( &#147;<B>SearchMedia</B>&#148;), Shanghai Jingli Advertising Co., Ltd.
(&#147;<B>Shanghai Jingli</B>&#148;) and the subsidiaries of SearchMedia and the shareholders of SearchMedia named
therein and (ii)&nbsp;the registration statement on Form S-4 filed with the United States Securities and
Exchange Commission by Ideation in connection with the issuance of securities to the security
holders of SearchMedia pursuant to the SEA (the &#147;<B>Form&nbsp;S-4</B>&#148;).
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">We have been requested by Ideation to furnish an opinion under the laws of the PRC in connection
with the Form S-4.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">For purposes of this opinion, we have examined such corporate records, certificates and other
documents, and such questions of law, as we have considered necessary or appropriate for the
purposes of rendering this opinion.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">As used herein, &#147;PRC Laws&#148; means all applicable laws, regulations, rules,
</DIV>
</DIV>
<DIV style="position: relative; float: right; width: 20%">

<DIV align="right" style="font-size: 10pt; margin-top: 12pt"><IMG src="g18264a4g18264b.gif" alt="(Logo)">
</DIV>

<DIV align="center">
<TABLE style="font-size: 7pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="1%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="0%">&nbsp;</TD>
    <TD width="49%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="50%">&nbsp;</TD>
</TR>
<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom">
    <TD width="1%" style="border-left: 1px solid #000000">&nbsp;</TD>
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD colspan="3" valign="top" align="right"><B>Beijing Head Office</B></TD>
</TR>
<TR valign="bottom">
    <TD width="1%" style="border-left: 1px solid #000000">&nbsp;</TD>
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD colspan="3" valign="top" align="right">China Resources Building</TD>
</TR>
<TR valign="bottom">
    <TD width="1%" style="border-left: 1px solid #000000">&nbsp;</TD>
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD colspan="3" valign="top" align="right">20<SUP style="font-size: 85%; vertical-align: text-top">th</SUP> Floor</TD>
</TR>
<TR valign="bottom">
    <TD width="1%" style="border-left: 1px solid #000000">&nbsp;</TD>
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD colspan="3" valign="top" align="right">Beijing 100005</TD>
</TR>
<TR valign="bottom">
    <TD width="1%" style="border-left: 1px solid #000000">&nbsp;</TD>
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD colspan="3" valign="top" align="right">P. R. China</TD>
</TR>
<TR valign="bottom">
    <TD width="1%" style="border-left: 1px solid #000000">&nbsp;</TD>
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD colspan="3" valign="top" align="right">Tel.: (86-10) 8519-1300</TD>
</TR>
<TR valign="bottom">
    <TD width="1%" style="border-left: 1px solid #000000">&nbsp;</TD>
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD colspan="3" valign="top" align="right">Fax: (86-10) 8519-1350</TD>
</TR>
<TR valign="bottom">
    <TD width="1%" style="border-left: 1px solid #000000">&nbsp;</TD>
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD colspan="3" valign="top" align="right">E-mail: <U>junhebj@junhe.com</U></TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD width="1%" style="border-left: 1px solid #000000">&nbsp;</TD>
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">&nbsp;</TD>
    <TD valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD width="1%" style="border-left: 1px solid #000000">&nbsp;</TD>
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD colspan="3" valign="top" align="right"><B>Shanghai Office</B></TD>
</TR>
<TR valign="bottom">
    <TD width="1%" style="border-left: 1px solid #000000">&nbsp;</TD>
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD colspan="3" valign="top" align="right">Shanghai Kerry Centre</TD>
</TR>
<TR valign="bottom">
    <TD width="1%" style="border-left: 1px solid #000000">&nbsp;</TD>
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD colspan="3" valign="top" align="right">32<SUP style="font-size: 85%; vertical-align: text-top">nd</SUP> Floor</TD>
</TR>
<TR valign="bottom">
    <TD width="1%" style="border-left: 1px solid #000000">&nbsp;</TD>
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD colspan="3" valign="top" align="right">1515 West Nanjing Road</TD>
</TR>
<TR valign="bottom">
    <TD width="1%" style="border-left: 1px solid #000000">&nbsp;</TD>
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD colspan="3" valign="top" align="right">Shanghai 200040</TD>
</TR>
<TR valign="bottom">
    <TD width="1%" style="border-left: 1px solid #000000">&nbsp;</TD>
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD colspan="3" valign="top" align="right">P. R. China</TD>
</TR>
<TR valign="bottom">
    <TD width="1%" style="border-left: 1px solid #000000">&nbsp;</TD>
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD colspan="3" valign="top" align="right">Tel.: (86-21) 5298-5488</TD>
</TR>
<TR valign="bottom">
    <TD width="1%" style="border-left: 1px solid #000000">&nbsp;</TD>
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD colspan="3" valign="top" align="right">Fax: (86-21) 5298-5492</TD>
</TR>
<TR valign="bottom">
    <TD width="1%" style="border-left: 1px solid #000000">&nbsp;</TD>
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD colspan="3" valign="top" align="right">E-mail: <U>junhesh@junhe.com</U></TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD width="1%" style="border-left: 1px solid #000000">&nbsp;</TD>
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">&nbsp;</TD>
    <TD valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD width="1%" style="border-left: 1px solid #000000">&nbsp;</TD>
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD colspan="3" valign="top" align="right"><B>Shenzhen Office</B></TD>
</TR>
<TR valign="bottom">
    <TD width="1%" style="border-left: 1px solid #000000">&nbsp;</TD>
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD colspan="3" valign="top" align="right">Shenzhen Development</TD>
</TR>
<TR valign="bottom">
    <TD width="1%" style="border-left: 1px solid #000000">&nbsp;</TD>
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD colspan="3" valign="top" align="right">Bank Tower Suite 15-C</TD>
</TR>
<TR valign="bottom">
    <TD width="1%" style="border-left: 1px solid #000000">&nbsp;</TD>
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD colspan="3" valign="top" align="right">5047 East Shennan Road</TD>
</TR>
<TR valign="bottom">
    <TD width="1%" style="border-left: 1px solid #000000">&nbsp;</TD>
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD colspan="3" valign="top" align="right">Shenzhen 518001</TD>
</TR>
<TR valign="bottom">
    <TD width="1%" style="border-left: 1px solid #000000">&nbsp;</TD>
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD colspan="3" valign="top" align="right">P. R. China</TD>
</TR>
<TR valign="bottom">
    <TD width="1%" style="border-left: 1px solid #000000">&nbsp;</TD>
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD colspan="3" valign="top" align="right">Tel.: (86-755) 2587-0765</TD>
</TR>
<TR valign="bottom">
    <TD width="1%" style="border-left: 1px solid #000000">&nbsp;</TD>
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD colspan="3" valign="top" align="right">Fax: (86-755) 2587-0780</TD>
</TR>
<TR valign="bottom">
    <TD width="1%" style="border-left: 1px solid #000000">&nbsp;</TD>
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD colspan="3" valign="top" align="right">E-mail: <U>junhesz@junhe.com</U></TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD width="1%" style="border-left: 1px solid #000000">&nbsp;</TD>
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">&nbsp;</TD>
    <TD valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD width="1%" style="border-left: 1px solid #000000">&nbsp;</TD>
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD colspan="3" valign="top" align="right"><B>Dalian Office</B></TD>
</TR>
<TR valign="bottom">
    <TD width="1%" style="border-left: 1px solid #000000">&nbsp;</TD>
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD colspan="3" valign="top" align="right">Chinabank Plaza</TD>
</TR>
<TR valign="bottom">
    <TD width="1%" style="border-left: 1px solid #000000">&nbsp;</TD>
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD colspan="3" valign="top" align="right">Room F, 16<SUP style="font-size: 85%; vertical-align: text-top">th</SUP> Floor</TD>
</TR>
<TR valign="bottom">
    <TD width="1%" style="border-left: 1px solid #000000">&nbsp;</TD>
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD colspan="3" valign="top" align="right">No. 17 Renmin Road</TD>
</TR>
<TR valign="bottom">
    <TD width="1%" style="border-left: 1px solid #000000">&nbsp;</TD>
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD colspan="3" valign="top" align="right">Dalian 116001</TD>
</TR>
<TR valign="bottom">
    <TD width="1%" style="border-left: 1px solid #000000">&nbsp;</TD>
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD colspan="3" valign="top" align="right">P. R. China</TD>
</TR>
<TR valign="bottom">
    <TD width="1%" style="border-left: 1px solid #000000">&nbsp;</TD>
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD colspan="3" valign="top" align="right">Tel.: (86-411) 8250-7578</TD>
</TR>
<TR valign="bottom">
    <TD width="1%" style="border-left: 1px solid #000000">&nbsp;</TD>
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD colspan="3" valign="top" align="right">Fax: (86-411) 8250-7579</TD>
</TR>
<TR valign="bottom">
    <TD width="1%" style="border-left: 1px solid #000000">&nbsp;</TD>
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD colspan="3" valign="top" align="right">E-mail: <U>junhedl@junhe.com</U></TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD width="1%" style="border-left: 1px solid #000000">&nbsp;</TD>
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">&nbsp;</TD>
    <TD valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD width="1%" style="border-left: 1px solid #000000">&nbsp;</TD>
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD colspan="3" valign="top" align="right"><B>Haikou Office</B></TD>
</TR>
<TR valign="bottom">
    <TD width="1%" style="border-left: 1px solid #000000">&nbsp;</TD>
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD colspan="3" valign="top" align="right">Nanyang Building</TD>
</TR>
<TR valign="bottom">
    <TD width="1%" style="border-left: 1px solid #000000">&nbsp;</TD>
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD colspan="3" valign="top" align="right">Suite 1107</TD>
</TR>
<TR valign="bottom">
    <TD width="1%" style="border-left: 1px solid #000000">&nbsp;</TD>
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD colspan="3" valign="top" align="right">Haikou 570105</TD>
</TR>
<TR valign="bottom">
    <TD width="1%" style="border-left: 1px solid #000000">&nbsp;</TD>
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD colspan="3" valign="top" align="right">P. R. China</TD>
</TR>
<TR valign="bottom">
    <TD width="1%" style="border-left: 1px solid #000000">&nbsp;</TD>
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD colspan="3" valign="top" align="right">Tel.: (86-898) 6851-2544</TD>
</TR>
<TR valign="bottom">
    <TD width="1%" style="border-left: 1px solid #000000">&nbsp;</TD>
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD colspan="3" valign="top" align="right">Fax: (86-898) 6851-3514</TD>
</TR>
<TR valign="bottom">
    <TD width="1%" style="border-left: 1px solid #000000">&nbsp;</TD>
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD colspan="3" valign="top" align="right">E-mail: <U>junhehn@junhe.com</U></TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD width="1%" style="border-left: 1px solid #000000">&nbsp;</TD>
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">&nbsp;</TD>
    <TD valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD width="1%" style="border-left: 1px solid #000000">&nbsp;</TD>
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD colspan="3" valign="top" align="right"><B>New York Office</B></TD>
</TR>
<TR valign="bottom">
    <TD width="1%" style="border-left: 1px solid #000000">&nbsp;</TD>
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD colspan="3" valign="top" align="right">500 Fifth Avenue,</TD>
</TR>
<TR valign="bottom">
    <TD width="1%" style="border-left: 1px solid #000000">&nbsp;</TD>
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD colspan="3" valign="top" align="right">43rd Floor, New York,</TD>
</TR>
<TR valign="bottom">
    <TD width="1%" style="border-left: 1px solid #000000">&nbsp;</TD>
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD colspan="3" valign="top" align="right">NY 10110, U.S.A.</TD>
</TR>
<TR valign="bottom">
    <TD width="1%" style="border-left: 1px solid #000000">&nbsp;</TD>
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD colspan="3" valign="top" align="right">Tel.: (1-212) 703-8702</TD>
</TR>
<TR valign="bottom">
    <TD width="1%" style="border-left: 1px solid #000000">&nbsp;</TD>
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD colspan="3" valign="top" align="right">Fax: (1-212) 703-8720</TD>
</TR>
<TR valign="bottom">
    <TD width="1%" style="border-left: 1px solid #000000">&nbsp;</TD>
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD colspan="3" valign="top" align="right"><B>E-mail: </B><U>junheny@junhe.com</U></TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD width="1%" style="border-left: 1px solid #000000">&nbsp;</TD>
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">&nbsp;</TD>
    <TD valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD width="1%" style="border-left: 1px solid #000000">&nbsp;</TD>
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD colspan="3" valign="top" align="right"><B>Hong Kong Office</B></TD>
</TR>
<TR valign="bottom">
    <TD width="1%" style="border-left: 1px solid #000000">&nbsp;</TD>
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD colspan="3" valign="top" align="right">Suite 2208,</TD>
</TR>
<TR valign="bottom">
    <TD width="1%" style="border-left: 1px solid #000000">&nbsp;</TD>
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD colspan="3" valign="top" align="right">22nd Floor, Jardine House</TD>
</TR>
<TR valign="bottom">
    <TD width="1%" style="border-left: 1px solid #000000">&nbsp;</TD>
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD colspan="3" valign="top" align="right">1 Connaught Place, Central</TD>
</TR>
<TR valign="bottom">
    <TD width="1%" style="border-left: 1px solid #000000">&nbsp;</TD>
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD colspan="3" valign="top" align="right">Hong Kong</TD>
</TR>
<TR valign="bottom">
    <TD width="1%" style="border-left: 1px solid #000000">&nbsp;</TD>
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD colspan="3" valign="top" align="right">Tel.: (852) 2167-0000</TD>
</TR>
<TR valign="bottom">
    <TD width="1%" style="border-left: 1px solid #000000">&nbsp;</TD>
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD colspan="3" valign="top" align="right">Fax: (852) 2167-0050</TD>
</TR>
<TR valign="bottom">
    <TD width="1%" style="border-left: 1px solid #000000">&nbsp;</TD>
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD colspan="3" valign="top" align="right">E-mail: <U>junhehk@junhe.com</U></TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>

</DIV>
<BR clear="all"><BR>


<P align="center" style="font-size: 10pt"><!-- Folio -->1<!-- /Folio -->
</DIV>

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<DIV style="font-family: 'Times New Roman',Times,serif">


<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><FONT style="font-variant: SMALL-CAPS"><B>Jun He Law Offices</B></FONT>
<DIV style="width: 100%; border-bottom: 1px solid #000000; font-size: 1px">&nbsp;</DIV>
</DIV>


<DIV align="left" style="margin-left: 0%; text-indent: 0%; margin-right: 0%; font-size: 10pt; margin-top: 6pt">statutes, orders, decrees, guidelines, judicial interpretations and other legislation of the
PRC, including tax laws and regulations, in effect on the date of this opinion.</DIV>


<DIV align="left" style="margin-left: 0%; text-indent: 0%; margin-right: 0%; font-size: 10pt; margin-top: 6pt"><B>2. </B><U><B>PRC Law</B></U></DIV>


<DIV align="left" style="margin-left: 0%; text-indent: 0%; margin-right: 0%; font-size: 10pt; margin-top: 6pt">This opinion is rendered on the basis of PRC Laws and there is no assurance that any of PRC Laws
will not be changed, amended or replaced in the immediate future or in the longer term with or
without retrospective effect.</DIV>


<DIV align="left" style="margin-left: 0%; text-indent: 0%; margin-right: 0%; font-size: 10pt; margin-top: 6pt">We do not purport to be an expert on or to be generally familiar with or qualified to express legal
opinions based on any laws other than PRC Laws. Accordingly, we express or imply no opinion
directly or indirectly on the laws of any jurisdiction other than the PRC.</DIV>


<DIV align="left" style="margin-left: 0%; text-indent: 0%; margin-right: 0%; font-size: 10pt; margin-top: 6pt"><B>3. </B><U><B>Assumptions</B></U></DIV>


<DIV align="left" style="margin-left: 0%; text-indent: 0%; margin-right: 0%; font-size: 10pt; margin-top: 6pt">In rendering this opinion we have examined the originals or copies of the documents (the
&#147;<B>Documents</B>&#148;) as we have considered necessary or advisable for the purpose of rendering this
opinion. Where certain facts were not independently established by us, we have relied upon
certificates or statements issued or made by relevant governmental authorities and appropriate
representatives of SearchMedia. In giving this opinion, we have made the following assumptions
(the &#147;<B>Assumptions</B>&#148;):</DIV>


<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left">(1)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>All signatures, seals and chops are genuine, each signature on behalf of a party thereto is
that of a person duly authorized to execute the same, all Documents submitted to us as
originals are authentic, and all Documents submitted to us as certified or photostatic copies
conform to the originals;</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left">(2)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Each of the parties to the Documents other than the PRC WFOEs and the PRC Entity is duly
organized and is validly existing in good standing under the laws of its jurisdiction of
organization and/or incorporation; each of them, other than the PRC WFOEs and the PRC Entity,
has full power and authority to execute, deliver and perform its obligations under the
Documents to which it is a party in accordance with the laws of its jurisdiction of
organization;</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left">(3)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>The Documents that were presented to us remain in full force and effect on
the date of this opinion and have not been revoked, amended or supplemented, and no amendments,
revisions, supplements, modifications or</TD>
</TR>

</TABLE>
</DIV>
<P align="center" style="font-size: 10pt"><!-- Folio -->&nbsp;<!-- /Folio -->
</DIV>

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<DIV style="font-family: 'Times New Roman',Times,serif">


<DIV style="margin-top: 6pt"><TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">



</TABLE>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt"><FONT style="font-variant: SMALL-CAPS"><B>Jun He Law Offices</B></FONT><BR>
<DIV style="width: 100%; border-bottom: 1px solid #000000; font-size: 1px">&nbsp;</DIV>

</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><B></B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>other changes have been made, and no revocation or
termination has occurred, with respect to any of the Documents after they were submitted to us
for the purposes of this legal opinion;</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left">(4)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>The laws of any country or region other than China which may be applicable to the execution,
delivery, performance or enforcement of the Documents are complied with; and</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left">(5)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>All the Documents and the factual statements provided to us by SearchMedia, the PRC WFOEs and
the PRC Entity, including but not limited to those set forth in the Documents, are complete,
true and correct. Where important facts were not independently established to us, we have
relied upon certificates issued by the Government Agencies with proper authority.</TD>
</TR>

</TABLE>
</DIV>

<DIV align="left" style="margin-left: 0%; text-indent: 0%; margin-right: 0%; font-size: 10pt; margin-top: 6pt">In addition, we have assumed and have not verified the accuracy as to factual matters of each
document we have received.</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>4. </B><U><B>Definitions</B></U>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">The following terms as used in this legal opinion are defined as follows:
</DIV>

<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="20%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="75%">&nbsp;</TD>
</TR>
<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom">
    <TD align="left" valign="top">&#147;Government Agencies&#148;
</TD>
    <TD>&nbsp;</TD>
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Any competent government authorities, courts
or regulatory bodies of the PRC</DIV></TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
</TR>
<TR valign="bottom">
    <TD align="left" valign="top">&#147;Governmental<BR>
Authorizations&#148;
</TD>
    <TD>&nbsp;</TD>
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">All approvals, consents, permits,
authorizations, filings, registrations,
exemptions, waivers, endorsements, annual
inspections, qualifications and licenses
required by the applicable PRC Laws to be
obtained from the competent Government
Agencies</DIV></TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
</TR>
<TR valign="bottom">
    <TD align="left" valign="top">&#147;Jieli Investment&#148;
</TD>
    <TD>&nbsp;</TD>
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Jieli Investment Management Consulting
(Shanghai) Co.</DIV></TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
</TR>
<TR valign="bottom">
    <TD align="left" valign="top">&#147;Material Adverse Effect&#148;
</TD>
    <TD>&nbsp;</TD>
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">A material adverse effect on the conditions
(financial or otherwise), business,
properties or results of operations of
SearchMedia and its affiliates in the PRC
(including the PRC Entity) taken as a whole</DIV></TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
</TR>
<TR valign="bottom">
    <TD align="left" valign="top">&#147;PRC&#148; or &#147;China&#148;
</TD>
    <TD>&nbsp;</TD>
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">The People&#146;s Republic of China (for the
purposes of this opinion only, other than
the Hong Kong Special Administrative Region,
Macao Special Administrative Region and
Taiwan Province)</DIV></TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>


<P align="center" style="font-size: 10pt"><!-- Folio -->&nbsp;<!-- /Folio -->
</DIV>

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<DIV style="font-family: 'Times New Roman',Times,serif">


<DIV align="left" style="font-size: 10pt; margin-top: 6pt"><FONT style="font-variant: SMALL-CAPS"><B>Jun He Law Offices</B></FONT><BR>
<DIV style="width: 100%; border-bottom: 1px solid #000000; font-size: 1px">&nbsp;</DIV>

</DIV>
<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="20%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="75%">&nbsp;</TD>
</TR>
<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom">
    <TD align="left" valign="top">&#147;PRC Entity&#148;
</TD>
    <TD>&nbsp;</TD>
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Shanghai Jingli Advertising Co., Ltd.</DIV></TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
</TR>
<TR valign="bottom">
    <TD align="left" valign="top">&#147;PRC Laws&#148;
</TD>
    <TD>&nbsp;</TD>
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">All laws, regulations, statutes, rules,
decrees, notices, and supreme court&#146;s
judicial interpretations currently in force
and publicly available in the PRC</DIV></TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
</TR>
<TR valign="bottom">
    <TD align="left" valign="top">&#147;PRC WFOEs&#148;
</TD>
    <TD>&nbsp;</TD>
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Jieli Investment Management Consulting
&#163;&#168;Shanghai&#163;<SUP style="font-size: 85%; vertical-align: text-top">&#169;</SUP> Co., Ltd. and Jieli Network
Technology Development (Shanghai) Co., Ltd.</DIV></TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
</TR>
<TR valign="bottom">
    <TD align="left" valign="top">&#147;SAFE&#148;
</TD>
    <TD>&nbsp;</TD>
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">The State Administration of Foreign Exchange
and/or a local branch thereof</DIV></TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>5. </B><U><B>Opinion</B></U>
</DIV>


<DIV align="left" style="margin-left: 0%; text-indent: 0%; margin-right: 0%; font-size: 10pt; margin-top: 6pt">Except as disclosed in the SEA (including the Disclosure Schedule thereto) and Form S-4, and
assuming that the information provided to us by SearchMedia is correct, complete and accurate and
that SearchMedia has withheld no material information which is relevant for the purposes of
providing the opinion herein from us and the qualifications set forth below, we are of the opinion
that:</DIV>


<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left">1.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>The individual beneficiary shareholders of SearchMedia who are PRC residents (the &#147;<B>PRC
Shareholders</B>&#148;) have obtained all necessary PRC Governmental Authorizations in connection with
(a)&nbsp;their ownership of shares and equity interest in SearchMedia, and (b)&nbsp;the establishment
and the funding of SearchMedia.</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left">2.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>All necessary PRC Governmental Authorizations were duly obtained in connection with the
establishment of the PRC WFOEs by SearchMedia.</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left">3.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>All necessary PRC Governmental Authorizations were duly obtained in connection with any
operations in the PRC by SearchMedia conducted through the PRC WFOEs and the PRC Entity. And
to the best of our knowledge after due inquiries, (A)&nbsp;no circumstances have arisen such that
any of such Governmental Authorizations is likely to be revoked, suspended, cancelled or
withdrawn or (where relevant) cannot be renewed upon its expiration date, and (B)&nbsp;None of
SearchMedia, the PRC WFOEs and the
PRC Entity is in breach of or in default of any of the provisions of any such Governmental
Authorizations.</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left">4.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Except for a duty of the PRC Shareholders of SearchMedia to file with SAFE with respect to
the share exchange between SearchMedia and</TD>
</TR>

</TABLE>
</DIV>


<P align="center" style="font-size: 10pt"><!-- Folio -->&nbsp;<!-- /Folio -->
</DIV>





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<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">
<TR>
    <TD width="3%"></TD>
    <TD width="1%"></TD>
    <TD width="96"></TD>
</TR>

<TR valign="top">
    <TD colspan="3"><FONT style="font-variant: SMALL-CAPS"><B>Jun He Law Offices</B></FONT>
<DIV style="width: 100%; border-bottom: 1px solid #000000; font-size: 1px">&nbsp;</DIV></TD>
</TR>

</TABLE>



<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Ideation, it is not necessary or advisable under
the laws of the PRC for the execution, delivery, validity or the performance or the
enforceability of the SEA to obtain any PRC Governmental Authorization in connection with the
execution, delivery or performance of the SEA.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left">5.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>The PRC WFOEs have been duly incorporated and validly exist as wholly foreign-owned
enterprises with limited liability under the PRC Laws. The PRC WFOEs have the enterprise
legal person status. The registered capital of the PRC WFOEs has been paid in accordance with
the applicable PRC laws and the articles of association of the PRC WFOEs. To our best
knowledge after due inquiry, except the share pledge agreements between Linden and the PRC
WFOEs, there are no security interests, mortgages, pledges, liens, encumbrances, claims or any
third party rights, the exercise of which may lead to the change of shareholdings or the
amount of the registered capital of the PRC WFOEs.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left">6.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>The PRC Entity has been duly incorporated as a limited liability company and validly exists
under the PRC Laws. The PRC Entity has the enterprise legal person status. The registered
capital of the PRC Entity has been fully paid in accordance with the applicable PRC laws and
its articles of association. To our best knowledge after due inquiry, except for those
contemplated under the VIE Agreements (defined in Section&nbsp;21 below) and as disclosed in
Section&nbsp;7.4(b) of the Disclosure Schedule to the SEA, there are no security interests,
mortgages, pledges, liens, encumbrances, claims or any third party rights, the exercise of
which may lead to the change of shareholdings or the amount of the registered capital of the
PRC Entity.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left">7.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Each of the PRC WFOEs and the PRC Entity has sufficient corporate right, power and authority
for it to own, use, lease and license its assets and conduct its business in the manner
described in its business license. Except as disclosed in the Disclosure Schedule and Form
S-4, each of the PRC WFOEs and the PRC Entity has obtained all Governmental Authorizations
from, and completed all filings with, the Government Agencies that are necessary for it to
own, lease and license its assets and conduct its business in the manner described in its
business license. Such Governmental Authorizations contain no material burdensome
restrictions that are not described in the SEA (including the Disclosure Schedule thereto).
To our best knowledge after due inquiry, except as described in the SEA (including the
Disclosure Schedule thereto) and Form S-4, each of the PRC WFOEs and the PRC Entity is in
compliance with the provisions of all such Governmental Authorizations in all material
aspects, and none of the PRC WFOEs and the PRC Entity has received any notification of
proceedings
relating to the modification, suspension or revocation of any such Governmental Authorizations.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left">8.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>One hundred percent (100%) of the equity interest in the PRC WFOEs is owned by SearchMedia.</TD>
</TR>

</TABLE>
</DIV>
<P align="center" style="font-size: 10pt"><!-- Folio -->&nbsp;<!-- /Folio -->
</DIV>

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</TABLE>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt"><FONT style="font-variant: SMALL-CAPS"><B>Jun He Law Offices</B></FONT><BR>
<DIV style="width: 100%; border-bottom: 1px solid #000000; font-size: 1px">&nbsp;</DIV>

</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left">9.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>To our best knowledge after due inquiry, except as described in the SEA (including the
Disclosure Schedule thereto) and Form S-4, the articles of association and the business
license of each of the PRC WFOEs and the PRC Entity are in compliance with the requirements of
the applicable PRC Laws and are in full force and effect.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left">10.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>To our best knowledge after due inquiry, the business carried out by each of the PRC WFOEs
and the PRC Entity complies with its articles of association and the PRC Laws in all material
respects, except as described in the SEA (including the Disclosure Schedule thereto) and Form
S-4, and with respect to the PRC Laws, any noncompliance that would not have a Material
Adverse Effect. Except as described in the Disclosure Schedule to the SEA and Form S-4, no
Governmental Authorizations other than those already obtained is required under the PRC Laws
for carrying out the business of each of the PRC WFOEs and the PRC Entity described in the
SEA.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left">11.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Except as disclosed in the Disclosure Schedule and Form S-4, and to our best knowledge after
due inquiry, each of the PRC WFOEs and the PRC Entity has legal and valid title to all of
material assets related to its core business, in each case, free and clear of all liens,
charges, encumbrances, equities, claims, defects, options and restrictions; Except as
disclosed in the Disclosure Schedule and Form S-4, and to our best knowledge after due
inquiry, each lease agreement mentioned in the Disclosure Schedule is duly executed and
legally binding; its leasehold interests are fully protected by the terms of the lease
agreements, which are valid, binding and enforceable in accordance with their terms under PRC
Law; and, to the best of our knowledge, except as described in the SEA (including the
Disclosure Schedule thereto) and Form S-4, none of the PRC WFOEs and the PRC Entity owns,
operates, manages or has any other right or interest in any other material real property of
any kind.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left">12.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>There are no outstanding guarantees of the PRC WFOEs and the PRC Entity in respect of
indebtedness of third parties, except as disclosed in the Disclosure Schedule and Form S-4.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left">13.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Each of the PRC WFOEs and the PRC Entity owns or has valid licenses in full force and effect
or otherwise has the legal right to use all material trademarks and domain names currently
employed by it in connection with the business currently operated by it in accordance with the
applicable PRC laws and, none of the PRC WFOEs and the PRC Entity has received any
notice of infringement of or conflict with asserted rights of others with respect to any of the
foregoing.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left">14.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>All dividends and other distributions declared and payable upon the equity interest of the
PRC WFOEs in accordance with the PRC Laws may under</TD>
</TR>

</TABLE>
</DIV>
<P align="center" style="font-size: 10pt"><!-- Folio -->&nbsp;<!-- /Folio -->
</DIV>

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<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">


<DIV style="margin-top: 6pt"><TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">



</TABLE>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt"><FONT style="font-variant: SMALL-CAPS"><B>Jun He Law Offices</B></FONT><BR>
<DIV style="width: 100%; border-bottom: 1px solid #000000; font-size: 1px">&nbsp;</DIV>

</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>the current PRC Laws be paid to the direct
shareholder of the PRC WFOEs in Renminbi which may be converted into U.S. dollars and freely
transferred out of the PRC, <I>provided however</I>, that the current or future PRC Shareholders of
SearchMedia shall complete and update the necessary foreign exchange registration for their
inbound investments in the PRC in accordance with the relevant PRC Laws on foreign exchange
regulations on a timely basis.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left">15.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>To the best of our knowledge after due inquiry, none of the PRC WFOEs or PRC Entity is
delinquent in the payment of any PRC taxes due and there is no PRC tax deficiency which might
be assessed against it or any penalty imposed in connection with any late payment of PRC
taxes, except such assessment or penalties which will not have a Material Adverse Effect.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left">16.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>To our best knowledge after due inquiry, except as described in the SEA (including the
Disclosure Schedule thereto) and Form S-4, there are no current, pending or threatened PRC
legal, regulatory, administrative or other governmental decisions, rulings, orders, demands,
actions, proceedings or initiatives to which any of the PRC WFOEs or the PRC Entity is a party
to or to which any of the assets of the PRC WFOEs and the PRC Entity are subject, except the
decisions, rulings, orders, demands, actions, proceedings or initiatives which will not have a
Material Adverse Effect.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left">17.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>To our best knowledge after due inquiry, none of the PRC WFOEs and the PRC Entity have taken
any corporate action, nor have any legal proceedings commenced against it, for its
liquidation, winding up, dissolution, or bankruptcy, for the appointment of a liquidation
committee, team of receivers or similar officers in respect of its assets or for the
suspension, withdrawal, revocation or cancellation of any of the Governmental Authorizations.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left">18.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>The PRC WFOEs and PRC Entity have taken all necessary corporate actions to authorize the
execution and performance of the SEA.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left">19.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>The execution and delivery of, and the performance of the obligations under, the SEA by the
PRC WFOEs and the PRC Entity does not and will not result in a breach or violation of or
constitute a default under (i)&nbsp;any provisions of the articles of association, business
licenses or any Governmental Authorizations of the PRC WFOEs and the PRC Entity; or (ii)&nbsp;any
explicit requirements under the applicable PRC Laws.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left">20.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>The choice of New York law as the governing law of the SEA, is a valid
choice of law provision and would be recognized and given effect to in any action brought
before a court of competent jurisdiction in the PRC, except for those laws the application of
which would be inconsistent with public policy, state sovereignty or security of the PRC, as
such terms are interpreted under laws of the PRC.</TD>
</TR>

</TABLE>
</DIV>
<P align="center" style="font-size: 10pt"><!-- Folio -->&nbsp;<!-- /Folio -->
</DIV>

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<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">


<DIV style="margin-top: 6pt"><TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">



</TABLE>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt"><FONT style="font-variant: SMALL-CAPS"><B>Jun He Law Offices</B></FONT><BR>
<DIV style="width: 100%; border-bottom: 1px solid #000000; font-size: 1px">&nbsp;</DIV>

</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left">21.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Except as disclosed in the Form S-4 and to our best knowledge, each of the contracts between
Jieli Investment and the PRC Entity, including, without limitation, the Loan Agreement between
Jieli Investment and the shareholders of the PRC Entity, the Equity Pledge Agreement among
Jieli Investment, the PRC Entity and the shareholders of the PRC Entity, the Exclusive
Technical Consulting and Service Agreement between Jieli Investment and the PRC Entity, the
Exclusive Call Option Agreement among Jieli Investment, the PRC Entity and the shareholders of
the PRC Entity and the Power of Attorney by each of the shareholders of the PRC Entity, all of
which are dated September&nbsp;10, 2007 (collectively, the &#147;<U><B>VIE Agreements</B></U>&#148;), is valid and
enforceable against all parties involved in the VIE Agreements and does not violate any
mandatory provisions of the applicable PRC Laws and regulations.</TD>
</TR>

</TABLE>
</DIV>

<DIV align="left" style="margin-left: 0%; text-indent: 0%; margin-right: 0%; font-size: 10pt; margin-top: 6pt"><B>Qualifications:</B></DIV>


<DIV align="left" style="margin-left: 0%; text-indent: 0%; margin-right: 0%; font-size: 10pt; margin-top: 6pt">This opinion is limited to the matters set forth herein and is subject to the effectiveness of any
future change, amendment, alteration or adoption of any PRC Laws.</DIV>


<DIV align="left" style="margin-left: 0%; text-indent: 0%; margin-right: 0%; font-size: 10pt; margin-top: 6pt">This opinion is rendered to you for the purpose hereof only and may not be issued, quoted or
disclosed to any other party for any other purpose without our prior consent.</DIV>


<DIV align="left" style="margin-left: 0%; text-indent: 0%; margin-right: 0%; font-size: 10pt; margin-top: 6pt">This opinion is given for the benefit of the addressees hereof, and without our express prior
written consent, may not be relied upon by any person or entity other than the addressees and their
attorneys. Save as provided herein, this opinion shall not be quoted nor shall a copy be given to
any person (apart from the attorneys of the addressee) without our express prior written consent
except where such disclosure is required to be made by applicable law or is requested by relevant
regulatory agencies.</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt">Yours faithfully,
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">/s/ JUN HE LAW OFFICES
</DIV>



<P align="center" style="font-size: 10pt"><!-- Folio -->&nbsp;<!-- /Folio -->
</DIV>



</BODY>
</HTML>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-8.1
<SEQUENCE>5
<FILENAME>g18264a4exv8w1.htm
<DESCRIPTION>EX-8.1
<TEXT>
<HTML>
<HEAD>
<TITLE>exv8w1</TITLE>
</HEAD>
<BODY bgcolor="#FFFFFF">
<!-- PAGEBREAK -->
<DIV style="font-family: 'Times New Roman',Times,serif">


<DIV align="right" style="font-size: 10pt; margin-top: 12pt"><B>Exhibit&nbsp;8.1</B>
</DIV>

<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="64%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="30%">&nbsp;</TD>
</TR>
<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Fort Lauderdale</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Akerman Senterfitt</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Jacksonville
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">One Southeast Third Avenue</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Los Angeles
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">25th Floor</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Madison
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Miami, Florida 33131-1714</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Miami</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">New York
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">www.akerman.com</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Orlando</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Tallahassee
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">305 374 5600 <I>tel</I> 305 374 5095 <I>fax</I></TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Tampa</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Tysons Corner</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Washington, DC</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">West Palm Beach</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>


<DIV align="center" style="font-size: 10pt; margin-top: 18pt">September
28, 2009
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Ideation Acquisition Corp.<BR>
1105 N. Market Street, Suite&nbsp;1300<BR>
Wilmington, Delaware 19801

</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">ID Arizona Corp.<BR>
1105 N. Market Street, Suite&nbsp;1300<BR>
Wilmington, Delaware 19801

</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 12pt">RE: Registration Statement Tax Disclosure
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Ladies and Gentlemen:
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">We have acted (or will act) as counsel for Ideation Acquisition Corp, a Delaware corporation
(&#147;Ideation&#148;), and ID Arizona Corp., an Arizona corporation (&#147;ID Arizona&#148;), in connection with (a)
the proposed merger of Ideation with and into ID Arizona, with ID Arizona surviving, (b)&nbsp;the
conversion of ID Cayman into a Cayman Islands exempted company, SearchMedia Holdings Limited (&#147;ID
Cayman&#148;), pursuant to a conversion and continuation procedure under Arizona and Cayman Islands law,
(c)&nbsp;the exchange by ID Cayman of certain of its common shares for Series&nbsp;A Preferred shares of ID
Cayman, and (d)&nbsp;the acquisition by ID Cayman of the equity of SearchMedia International Limited
(&#147;SM Cayman&#148;) (such transactions, taken together, the &#147;Transactions&#148;). At your request, and in
connection with the Registration Statement on Form S-4 filed with the Securities and Exchange
Commission (the &#147;SEC&#148;) in connection with the Transactions (as amended through the date thereof,
the &#147;Registration Statement&#148;), we are rendering our opinion, effective as of the date of the
declaration of effectiveness of the Registration Statement by the SEC, concerning the material
federal income tax consequences of
</DIV>


<P align="center" style="font-size: 10pt"><!-- Folio -->&nbsp;<!-- /Folio -->
</DIV>

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<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">

<DIV align="left" style="font-size: 10pt; margin-top: 12pt">Page 2
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">the Transactions. For purposes of this opinion, capitalized terms used and not otherwise defined
herein shall have the meaning ascribed thereto in the Registration Statement and references herein
to the Registration Statement shall include all exhibits and schedules thereto.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">For purposes of the opinion set forth below, we have examined (without any independent
investigation or verification) (i)&nbsp;the Agreement and Plan of Merger, Conversion and Share Exchange,
dated as of March&nbsp;31, 2009, as amended, by and among Ideation, ID Arizona, SM Cayman, certain
subsidiaries, shareholders, warrantholders, and representatives of SM Cayman set forth in schedules
to the Share Exchange Agreement, and The Frost Group, LLC, a Delaware limited liability company,
including all annexes, exhibits, and schedules to such agreement (the &#147;Share Exchange Agreement&#148;)
and (ii)&nbsp;the Registration Statement. In addition, we have examined and relied as to matters of
fact upon, originals or copies, certified or otherwise identified to our satisfaction, of such
corporate records, agreements, documents and other instruments and made such other inquiries as we
have deemed necessary or appropriate to enable us to render the opinion set forth below. In such
examination, we have assumed the genuineness of all signatures, the legal capacity of natural
persons, the authenticity of all documents submitted to us as originals, the conformity to original
documents of all documents submitted to us as duplicates or certified or conformed copies, and the
authenticity of the originals of such latter documents. We have not, however, undertaken any
independent investigation of any factual matter set forth in any of the foregoing.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">In rendering such opinion, we have assumed, with the consent of Ideation and ID Arizona, that (i)
the Transactions will be effected in accordance with the Share Exchange Agreement, (ii)&nbsp;the
relevant statements concerning the Transactions set forth in the Share Exchange Agreement and the
Registration Statement are true, complete and accurate and will remain true complete and accurate
at all times up to and including the consummation of the Transactions, (iii)&nbsp;any representations
made in the Share Exchange Agreement, if relevant, &#147;to the best knowledge of,&#148; or similarly
qualified are true, complete and accurate and will remain true, complete and accurate at all times
up to and including the consummation of the Transactions, in each case without such qualification,
and (v)&nbsp;as to all matters as to which any person or entity represents that it is not a party to,
does not have, or is not aware of any plan, intention, understanding or agreement, there is, in
fact, no such plan, intention, understanding or agreement. We have also assumed, with the consent
of Ideation and ID Arizona that the parties have complied with and, if applicable, will continue to
comply with, the relevant covenants contained in the Share Exchange Agreement. If any assumption
above is untrue for any reason, our opinion might be adversely affected and may not be relied upon.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Based upon the foregoing, we adopt and confirm the statements under the caption &#147;Material United
States Federal Income Tax Considerations&#148; in the Registration Statement, to the extent they
constitute legal conclusions and relate to the tax consequences of the Transactions to Ideation, ID
Arizona, and their stockholders, as our opinion of the material United States federal income tax
consequences of the Transactions to such parties.
</DIV>


<P align="center" style="font-size: 10pt"><!-- Folio -->&nbsp;<!-- /Folio -->
</DIV>

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<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">

<DIV align="left" style="font-size: 10pt; margin-top: 12pt">Page 3
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">We express our opinion herein only as to those matters specifically set forth above and no opinion
should be inferred as to the tax consequences of the Transactions under any state, local or foreign
laws, or with respect to other areas of United States federal taxation.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Our opinion is based upon the Internal Revenue Code, published judicial decisions, administrative
regulations and published rulings and procedures as in existence on the date hereof. Future
legislative, judicial or administrative changes, on either a prospective or retroactive basis,
could affect our opinion. Further, our opinion is not binding upon the Internal Revenue Service or
the courts, and there is no assurance that the Internal Revenue Service or a court will not take a
contrary position. We assume no responsibility to advise you of any subsequent changes of the
matters stated, represented or assumed herein or any subsequent changes in applicable law
regulations or interpretations thereof.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">We hereby consent to the filing of this opinion as an exhibit to the Registration Statement, and to
the references to our firm name under the headings &#147;Material United States Federal Income Tax
Considerations&#148; and &#147;Legal Matters&#148; in the Registration Statement. In giving such consent, we do
not thereby admit that we are in the category of persons whose consent is required under or Section
7 of the Securities Act of 1933, as amended (the &#147;Securities Act&#148;) or the rules and regulations of
the SEC promulgated thereunder, or that we are experts within the meaning of Section&nbsp;11 of the
Securities Act or the rules and regulations of the SEC promulgated thereunder.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">This opinion has been furnished to you solely in connection with the transactions described herein
and may not be relied upon by any person other than you and your stockholders, or by you or your
stockholders for any other purpose without our specific, prior, written consent.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 50%">Very truly yours,

</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 12pt; margin-left: 50%">/s/
Akerman Senterfitt<br><br><B>AKERMAN SENTERFITT</B>

</DIV>


<P align="center" style="font-size: 10pt"><!-- Folio -->&nbsp;<!-- /Folio -->
</DIV>




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</DOCUMENT>
<DOCUMENT>
<TYPE>EX-23.1
<SEQUENCE>6
<FILENAME>g18264a4exv23w1.htm
<DESCRIPTION>EX-23.1
<TEXT>
<HTML>
<HEAD>
<TITLE>exv23w1</TITLE>
</HEAD>
<BODY bgcolor="#FFFFFF">
<!-- PAGEBREAK -->
<DIV style="font-family: 'Times New Roman',Times,serif">


<DIV align="right" style="font-size: 10pt; margin-top: 12pt">Exhibit&nbsp;23.1
</DIV>


<DIV align="center" style="font-size: 10pt; margin-top: 18pt">CONSENT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM
</DIV>


<DIV align="left" style="margin-left: 0%; text-indent: 0%; margin-right: 0%; font-size: 10pt; margin-top: 6pt">The Board of Directors<BR>
SearchMedia International Limited</DIV>


<DIV align="left" style="margin-left: 0%; text-indent: 0%; margin-right: 0%; font-size: 10pt; margin-top: 6pt">We consent to the use of our report, dated July&nbsp;14, 2009, with respect to the consolidated balance
sheets of SearchMedia International Limited (&#147;SearchMedia&#148;) as of December&nbsp;31, 2007 and 2008, and
the related consolidated statements of income, shareholders&#146; deficit/equity and comprehensive
income, and cash flows for the period from February&nbsp;9, 2007 (date of inception) through December
31, 2007 and the year ended December&nbsp;31, 2008, included herein, and to the reference to our firm
under the heading &#147;Experts&#148; in the registration statement of ID Arizona Corp. (Registration
Statement Number 333-158336). Our report on SearchMedia contains an explanatory paragraph that
states that the Company&#146;s inability to generate sufficient cash flows to meet its payment
obligations raises substantial doubt about its ability to continue as a going concern.</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">/s/ KPMG<BR>
Hong Kong, China<BR>
September&nbsp;30, 2009

</DIV>


<P align="center" style="font-size: 10pt"><!-- Folio --><!-- /Folio -->
</DIV>




</BODY>
</HTML>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-23.2
<SEQUENCE>7
<FILENAME>g18264a4exv23w2.htm
<DESCRIPTION>EX-23.2
<TEXT>
<HTML>
<HEAD>
<TITLE>exv23w2</TITLE>
</HEAD>
<BODY bgcolor="#FFFFFF">
<!-- PAGEBREAK -->
<DIV style="font-family: 'Times New Roman',Times,serif">


<DIV align="right" style="font-size: 10pt; margin-top: 12pt">Exhibit&nbsp;23.2
</DIV>


<DIV align="center" style="font-size: 10pt; margin-top: 18pt">CONSENT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM
</DIV>


<DIV align="left" style="margin-left: 0%; text-indent: 0%; margin-right: 0%; font-size: 10pt; margin-top: 6pt">The Board of Directors<BR>
SearchMedia International Limited</DIV>


<DIV align="left" style="margin-left: 0%; text-indent: 0%; margin-right: 0%; font-size: 10pt; margin-top: 6pt">We consent to the use of our report, dated March&nbsp;31, 2009, with respect to the balance sheets of
Shanghai Sige Advertising and Media Co., Ltd. as of December&nbsp;31, 2006 and June&nbsp;3, 2007, and the
related statements of income, owner&#146;s deficit and comprehensive income, and cash flows for the year
ended December&nbsp;31, 2006 and the period from January&nbsp;1, 2007 through June&nbsp;3, 2007, included herein,
and to the reference to our firm under the heading &#147;Experts&#148; in the registration statement of ID
Arizona Corp. (Registration Statement Number 333-158336).</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">/s/ KPMG<BR>
Hong Kong, China<BR>
September&nbsp;30, 2009

</DIV>


<P align="center" style="font-size: 10pt"><!-- Folio --><!-- /Folio -->
</DIV>




</BODY>
</HTML>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-23.3
<SEQUENCE>8
<FILENAME>g18264a4exv23w3.htm
<DESCRIPTION>EX-23.3
<TEXT>
<HTML>
<HEAD>
<TITLE>exv23w3</TITLE>
</HEAD>
<BODY bgcolor="#FFFFFF">
<!-- PAGEBREAK -->
<DIV style="font-family: 'Times New Roman',Times,serif">


<DIV align="right" style="font-size: 10pt; margin-top: 12pt">Exhibit&nbsp;23.3
</DIV>


<DIV align="center" style="font-size: 10pt; margin-top: 18pt">CONSENT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM
</DIV>


<DIV align="left" style="margin-left: 0%; text-indent: 0%; margin-right: 0%; font-size: 10pt; margin-top: 6pt">The Board of Directors<BR>
SearchMedia International Limited</DIV>


<DIV align="left" style="margin-left: 0%; text-indent: 0%; margin-right: 0%; font-size: 10pt; margin-top: 6pt">We consent to the use of our report, dated March&nbsp;31, 2009, with respect to the balance sheets of
Shenzhen Dale Advertising Co., Ltd. as of December&nbsp;31, 2006 and June&nbsp;3, 2007, and the related
statements of income, owner&#146;s equity and comprehensive income, and cash flows for the year ended
December&nbsp;31, 2006 and the period from January&nbsp;1, 2007 through June&nbsp;3, 2007, included herein, and to
the reference to our firm under the heading &#147;Experts&#148; in the registration statement of ID Arizona
Corp. (Registration Statement Number 333-158336).</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">/s/ KPMG<BR>
Hong Kong, China<BR>
September&nbsp;30, 2009

</DIV>


<P align="center" style="font-size: 10pt"><!-- Folio --><!-- /Folio -->
</DIV>




</BODY>
</HTML>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-23.4
<SEQUENCE>9
<FILENAME>g18264a4exv23w4.htm
<DESCRIPTION>EX-23.4
<TEXT>
<HTML>
<HEAD>
<TITLE>exv23w4</TITLE>
</HEAD>
<BODY bgcolor="#FFFFFF">
<!-- PAGEBREAK -->
<DIV style="font-family: 'Times New Roman',Times,serif">


<DIV align="right" style="font-size: 10pt; margin-top: 12pt"><B>Exhibit&nbsp;23.4</B>
</DIV>

<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="38%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="7%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="26%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="14%">&nbsp;</TD>
</TR>
<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Certified
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Rothstein, Kass &#038; Company, P.C.
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top"><FONT style="font-size:8pt">Beverly Hills</font></TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Public
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">4 Becker Farm Road
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top"><FONT style="font-size:8pt">Dallas</font></TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Accountants
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Roseland, NJ 07068
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top"><FONT style="font-size:8pt">Denver</font></TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">tel 973.994.6666
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top"><FONT style="font-size:8pt">Grand Cayman</font></TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">fax 973.994.0337
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top"><FONT style="font-size:8pt">Irvine</font></TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">www.rkco.com
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top"><FONT style="font-size:8pt">New York</font></TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top"><FONT style="font-size:8pt">Roseland</font></TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top"><FONT style="font-size:8pt">San Francisco</font></TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top"><FONT style="font-size:8pt">Walnut Creek</font></TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>





<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><IMG src="g18264a4roth.gif" alt="(ROTH LOGO)">
</DIV>


<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><B>CONSENT
OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM</B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">We consent to the incorporation in this Registration Statement on Amendment No.&nbsp;4 to Form S-4 of ID
Arizona Corp. (Registration Statement No.&nbsp;333-158336) of our report dated March&nbsp;19, 2009 relating
to our audit of the financial statements of Ideation Acquisition Corp. as of December&nbsp;31, 2008 and
2007, and for the year ended December&nbsp;31, 2008 and the periods from June&nbsp;1, 2007 (Inception) to
December&nbsp;31, 2008 and 2007.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">We also consent to the reference to us under the heading &#147;Experts&#148; in such Registration Statement.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 46pt"><IMG src="g18264a4rothsig.gif" alt="(ROTH SIG)"><BR><BR>Roseland, New Jersey<BR>
September&nbsp;29, 2009

</DIV>


<P align="center" style="font-size: 10pt"><!-- Folio --><!-- /Folio -->
</DIV>



</BODY>
</HTML>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>10
<FILENAME>g18264a4g1826401.gif
<DESCRIPTION>GRAPHIC
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