X0303 4 2009-05-14 0 0000728385 China Youth Media, Inc. CHYU 0001340750 Rifkin Jay C/O CHINA YOUTH MEDIA, INC. 4143 GLENCOE AVE, UNIT B MARINA DEL REY CA 90292 1 1 1 0 Chairman and CEO Common Stock 2009-05-14 4 C 0 69268233 A 69268233 I By Rebel Holdings LLC Secured Convertible Promissory Note 0.03 2009-05-14 4 J 0 2078047 0.03 D Common Stock 69268233 0 I By Rebel Holdings LLC Represents secured convertible note in the principal amount of $2,078,047 which reporting person entered into with the Issuer on September 10, 2008 pursuant to which various loans made by Jay Rifkin and Rebel Holdings LLC ("Rebel Holdings") and other amounts incurred by or due to Jay Rifkin, were consolidated into one promissory note payable to Rebel Holdings which, at the option of the holder, shall be converted into shares of common stock at $0.03 per share. Represents secured convertible note in the principal amount of $2,078,047 cancelled and converted into 69,268,233 shares of common stock. /s/ Jay Rifkin 2009-05-15