Additional Agreement to Acquisition Agreement between Emerging Media Holdings Inc. and Media Top Prim Ltd. (May 2, 2008)

Summary

Emerging Media Holdings Inc. (a Nevada corporation) and Media Top Prim Ltd. (a Moldovan company) entered into this agreement on May 2, 2008. Under the agreement, Media Top Prim's shareholder will transfer all their shares in Media Top Prim to Emerging Media Holdings in exchange for 1,000,000 shares of Emerging Media Holdings' preferred stock. After a one-year holding period, these preferred shares can be converted to restricted common stock at a 1:1 ratio, provided the company's stock price is at least $4 per share.

EX-10.3 3 ex10_3.txt EXHIBIT 10.3 ADDITIONAL AGREEMENT To Acquisition Agreement dated as of January 24th, 2008 THIS ADDITIONAL AGREEMENT (the "Additional Agreement") is made and entered into as of May 2nd, 2008 (the "Effective Date") by and between EMERGING MEDIA HOLDINGS Inc. (EMH) Company of USA, a Nevada corporation (the "Company") AND MEDIA TOP PRIM Ltd. (MEDIA TOP PRIM), Rep. of Moldova Corporation represented by Radu GUTU, acting on the base of Power of Attorney. NOW THEREFORE, in consideration of the mutual promises and the covenants and promises hereinafter contained, and other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the parties hereto, intending to be legally bound hereby, agree as follows: SECTION 1. EXCHANGE OF SHARES 1.1 Exchange. The Shareholder will sell, convey, transfer and assign to the Company, and the Company will purchase and accept from the Shareholder all right, title and interest in and to the issued and outstanding shares of MTP owned by Shareholder in exchange for 1,000,000 of preferred stock of the Company. SECTION 2. PURCHASE PRICE 2.1 Purchase Price. Within 5 business days the Company shall convey, transfer, assign 1,000,000 of Preferred Stock of the Company in exchange for all of the issued and outstanding shares of MTP held by Shareholders. The 1, 000, 000 preferred stock may be after a one-year holding period from the date of acquisition herein, converted into restricted common stock on 1:1 basis (1 preferred stock for 1 restricted common stock) on condition that Company's stock price will not be less then 4 US Dollars. SECTION 8. SIGNATURES EMERGING MEDIA HOLDINGS, Inc. By: /s/ Iurie Bordian ----------------------------------- Iurie Bordian,CEO MEDIA TOP PRIM Ltd. By: /s/ Radu Gutu --------------------------------------- Radu Gutu, By Attorney