X0303 4 2008-09-10 0 0000728385 China Youth Media, Inc. CHYU 0001340750 Rifkin Jay C/O CHINA YOUTH MEDIA, INC. 4143 GLENCOE AVENUE MARINA DEL REY CA 90292 1 1 1 0 Chairman and CEO Secured Convertible Note 1.112 2008-09-10 4 J 0 556306.53 0 D Common Stock 500000 0 I By Rebel Holdings LLC Secured Convertible Promissory Note 0.03 2008-09-10 4 A 0 2078047 0 A Common Stock 69268233 69268233 I By Rebel Holdings LLC 12% Convertible Promissory Note 0.09 2008-09-30 4 A 0 150000 0 A Common Stock 1666666 1666666 I By Mojo Music Inc. Common Stock Purchase Warrant 0.09 2008-09-30 4 A 0 525000 0 A Common Stock 525000 525000 I By Mojo Music Inc. On September 10, 2008, reporting person entered into a loan consolidation agreement with the Issuer 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 in the principal amount of $2,078,047 which shall be convertible at the option of the holder into shares of common stock at $0.03 per share. Represents secured convertible note cancelled and consolidated into the consolidated note in the principal amount of $2,078,047. Reporting person purchased 1.5 Units offered by the Issuer with each Unit consisting of $100,000 principal amount of 12% Convertible Promissory Note due three years from issuance convertible at $0.09 per share and 350,000 warrants exercisable at $0.09 per share for five years from issuance. /s/ Jay Rifkin 2009-04-07