exhibit 2. 1 term sheet for the purchase agreement ( the “ purchase agreement ” ) sun media investment holdings ltd. as the vendor and sun new media inc. as the purchaser both parties : ( 1 ) sun new media inc., a corporation incorporated and existing under the laws of the state of minnesota, in the united states of america, whose stock is traded on the otc bulletin board in the united states of america ( the ‘ ‘ purchaser ” ). ( 2 ) sun media investment holdings ltd., a corporation incorporated and existing under the laws of the british virgin islands ( the “ vendor ” ). whereas : 1. credit network 114 limited ( formerly known as dongpo academy limited ), as of the date of the purchase agreement, is a company incorporated in british virgin islands ( the “ company ” ). the company has 50, 000 shares of capital stock authorized and has only one ( 1 ) share of ordinary stock issued and outstanding. the company ’ s sole shareholder is the vendor. 2. as of the date of the purchase agreement, the company owns assets which include a trademark application, 37 domain names and registration certificates and a database ( including a database disc, database by access consisting of data for 1, 237, 6507 enterprises, and a database by microsoft excel consisting of 4, 925, 279 enterprises ’ data ). for each enterprise, the network database lists : enterprise name, contact person, address, post code, zip code, telephone, annual production output, employee headcount, chief products / services, and date of establishment. the database compiles information about 17, 301, 786 companies in 31 provinces, cities and municipalities from a variety of official sources and then packages this information into an organized online format that can be easily searched by areas, enterprises ’ names, addresses, telephone numbers and emails. 3. as of the date of the purchase agreement, the company owns the following rights through cooperation : a ) exclusive authorization by dragon list audio and video company ltd. for the release of dragon ’ s list music sales report and dragon ’ s list music radio report ; b ) exclusive authorization by the ministry of culture and china audio and video press for the release of cav news ; c ) exclusive authorization by the information office of state council and china media report for the release of china website newsletter and support form the related government organizations. acquisition terms : 1. terms of agreement 1. 1 contingent upon the approval of the board of directors