Assignment of Rights and Obligations under Summary of Terms of Investment by TechMedia Advertising Singapore Pte. Ltd. to TechMedia Advertising Mauritius

Summary

TechMedia Advertising Singapore Pte. Ltd. has assigned all its rights and obligations under a prior investment agreement with Peacock Media Ltd. to TechMedia Advertising Mauritius. This transfer, effective June 15, 2009, is made for a nominal sum and other consideration. As a result, TechMedia Advertising Mauritius now holds all interests and responsibilities previously held by the Singapore entity in relation to the joint venture with Peacock Media Ltd.

EX-10.4 10 v157539_ex10-4.htm Unassociated Document

ASSIGNMENT OF RIGHTS AND OBLIGATIONS

UNDER SUMMARY OF TERMS OF INVESTMENT

BY TECHMEDIA ADVERTISING SINGAPORE PTE. LTD.

TO TECHMEDIA ADVERTISING MAURITIUS

FOR AND IN CONSIDERATION of the sum of US$1.00, and other good and valuable consideration, the receipt and sufficiency of which is hereby acknowledged, paid to TechMedia Advertising Singapore Pte. Ltd. (“TM Singapore”), a company incorporated under the laws of Singapore and having an address of 62 upper Cross Street, #04-01, Singapore 058353, from TechMedia Advertising Mauritius (“TM Mauritius”), a company incorporated under the laws of Mauritius and having and address of c/o Appleby Management (Mauritius) Ltd., 8th Floor, Medine Mews, La Chaussée Street, Port Louis, Mauritius, on June 15, 2009, TM Singapore does hereby assign all of its rights and obligations to the Summary of Terms of Investment with respect to a joint venture company entered into between TM Singapore and Peacock Media Ltd., dated December 19, 2008, to TM Mauritius.

IN WITNESS WHEREOF, this Assignment has been executed by the parties effective as of the 15th day of June, 2009.

TECHMEDIA ADVERTISING		)
SINGAPORE PTE. LTD.		)
the assignor herein,		)
		)
		)
Per: /s/ William Goh		)
Authorized Signatory		)
		)
William Goh, Director		)
(print name and title)

TECHMEDIA ADVERTISING		)
MAURITIUS		)
the assignee herein,		)
		)
		)
Per: /s/ Ratner Vellu		)
Authorized Signatory		)
		)
Ratner Vellu, Director		)
(print name and title)