UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D. C. 20549
FORM 8
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): 1 March 2004
NEW MEDIA INC.
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(Exact name of registrant as specified in its charter)
Delaware 000-49989 03-0459613
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(State or other jurisdiction (Commission (IRS Employer
of incorporation) File Number) Identification No.)
120 North Cedar St. | Suite 3809
Charlotte, NC 28202
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(Address of Principal Executive Offices including Zip Code)
800-638-5820
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(Issuer's Telephone Number)
Item 1. Changes in Control of Registrant.
None
Item 2. Acquisition or Disposition of Assets
None
Item 3. Bankruptcy or Receivership
None
Item 4. Changes in Registrant's Certifying Accountant
None
Item 5. Other Events
- - The Company signed Novation Agreements with Page Properties, LLC. This
action serves to terminate agreements between the Company and Page
Properties and returns 3 million shares of the Company's restricted stock
to the Company's Treasury.
Item 6. Resignations of Registrant's Directors
None
Item 7. Financial Statements and Exhibits
None
Index to Exhibits
Exhibit Description
- - ------- -----------
10.22 NOVATION PAGE PROPERTIES INVESTOR RELATIONS
10.23 NOVATION PAGE EXECUTIVE MANAGEMENT AGREEMENT
Signatures
Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.
NEW MEDIA INC.
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(Registrant)
Date: 1 March 2004 /s/ Alton Perkins
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Alton Perkins, Chief Executive
Officer
Exhibit 10.22 NOVATION PAGE PROPERTIES INVESTOR RELATIONS
NOVATION
THIS AGREEMENT is made by this 17th day of February, 2004 by and
between New Media, Inc., a business corporation incorporated under
the laws of the State of Delaware with its principal office located
at 120 North Cedar Street, Suite #3809, Charlotte, North
Carolina 28202 ('Company') and Page Properties, LLC, a limited
liability company organized under the laws of the State of Texas with
its principal office located at 6836 Bee Cave Road, Suite #242,
Austin, Texas 78746 ('Page').
The parties stipulate and recite that:
A. Company and Page entered into a contract, referred to as the 'MARKET
DEVELOPMENT AND INVESTOR RELATIONS AGREEMENT' on or about June 5th, 2003.
A copy of the said Market Development and Investor Relations Agreement is
attached hereto and incorporated herein by reference.
B. Company and Page desire that the obligations owed by each to the other
under the MARKET DEVELOPMENT AND INVESTOR RELATIONS AGREEMENT be
extinguished.
For the reasons recited above and in consideration of the mutual covenants
contained in this Novation, the parties agree as follows:
1. Company and Page, and each of them, relinquish any claim that either party
held or may have held under the terms of the MARKET DEVELOPMENT AND INVESTOR
RELATIONS AGREEMENT.
2. Page shall upon execution hereof tender back to Company the Certificate(s)
representing three million (3,000,000) shares of the common stock of Company.
BY CAUSING THIS AGREEMENT TO BE EXECUTED HERE BELOW, THE PARTIES
ACKNOWLEDGE THAT THEY HAVE READ THIS AGREEMENT, UNDERSTAND IT, AND AGREE TO
BE BOUND BY ITS TERMS AND CONDITIONS.
IN WITNESS WHEREOF, Company and Page have executed this Agreement in
multiple duplicate originals.
AGREED TO & ACCEPTED BY: AGREED TO & ACCEPTED BY:
New Media, Inc. Page Properties, LLC
By: /s/ Date 2/17/04 By: /s/ Date 2/23/04
Alton Perkins, CEO Timothy T. Page, Member
_________________________________ _________________________________
Witness Witness
Exhibit 10.23 NOVATION PAGE EXECUTIVE MANAGEMENT AGREEMENT
NOVATION
THIS AGREEMENT is made by this 17th day of February, 2004 by and between
New Media, Inc., a business corporation incorporated under the laws of the
State of Delaware with its principal office located at 120 North Cedar
Street, Suite #3709, Charlotte, North Carolina 28202 ('Company') and
Page Properties, LLC, a limited liability company organized under the
laws of the State of Texas with its principal office located at
6836 Bee Cave Road, Suite #242, Austin, Texas 78746 ('Page').
The parties stipulate and recite that:
A. Company and Page entered into a contract, referred to as the 'EXECUTIVE
MANAGEMENT AGREEMENT' on or about June 5th, 2003. A copy of the said
Executive Management Agreement is attached hereto and incorporated herein
by reference.
B. Company and Page desire that the obligations owed by each to the other
under the EXECUTIVE MANAGEMENT AGREEMENT be extinguished.
For the reasons recited above and in consideration of the mutual covenants
contained in this Novation, the parties agree as follows:
1. Company and Page, and each of them, relinquish any claim that either party
held or may have held under the terms of the EXECUTIVE MANAGEMENT AGREEMENT.
2. Page shall upon execution hereof tender back to Company any indicia of
ownership it may have tendering back to Company its rights, if any, to
six million (6,000,000) shares of the common stock of Company.
BY CAUSING THIS AGREEMENT TO BE EXECUTED HERE BELOW, THE PARTIES
ACKNOWLEDGE THAT THEY HAVE READ THIS AGREEMENT, UNDERSTAND IT, AND AGREE TO
BE BOUND BY ITS TERMS AND CONDITIONS.
IN WITNESS WHEREOF, Company and Page have executed this Agreement in
multiple duplicate originals.
AGREED TO & ACCEPTED BY: AGREED TO & ACCEPTED BY:
New Media, Inc. Page Properties, LLC
By: /s/ Date 02/17/04 By: /s/ Date 02/23/04
Alton Perkins, CEO Timothy T. Page, Member
__________________________ ____________________________
Witness Witness