| W### TERM SHEET | |||||||||
| Shewbop, Inc. in conjunction with W### Management Group LLC is seeking an "Investment Partner" | |||||||||
| that is interested in securing a 50% equity position in this project. The "Investment Partner" will | |||||||||
| be responsible for raising $1,636,000 in capital to finance the project as outlined below: | |||||||||
| PRE-PURCHASE/STARTUP EXPENSES | $ 311,000 | ||||||||
| NEGOTIATED PURCHASE PRICE | $ 900,000 | ||||||||
| WORKING CAPITAL / 3 MO. EXPENSES | $ 425,000 | ||||||||
| _______________ | |||||||||
| TOTAL INVESTMENT | $ 1,636,000 | ||||||||
| In exchange, W### Management Group will provide the opportunity outlined in this presentation. | |||||||||
| W### Management Group offers the talent and expertise to execute the Business Plan and manage | |||||||||
| the day to day operation of this project. The chart below represents the reasonable and expected rate | |||||||||
| of return during the first 3 years of operation. | |||||||||
| Investment | W### | ||||||||
| Year | Revenue | Expense | Gross Profit | % | Partner | Management Group | |||
| 1 | $ 2,501,000 | $ 1,913,000 | $ 588,000 | 23.51% | $ 294,000 | $ 294,000 | |||
| 2 | $ 3,000,000 | $ 2,105,000 | $ 895,000 | 29.83% | $ 447,500 | $ 447,500 | |||
| 3 | $ 3,600,000 | $ 2,315,000 | $ 1,285,000 | 35.69% | $ 642,500 | $ 642,500 | |||
| ___________ | ___________ | ___________ | ______ | ___________ | ___________ | ||||
| $ 9,101,000 | $ 6,333,000 | $ 2,768,000 | 30.41% | $ 1,384,000 | $ 1,384,000 | ||||
| W### Management Group proposes the Television Station be operated for a minimum of 3 years. Upon | |||||||||
| completion of the 3rd fiscal year of operation W### Management Group proposes that a shareholder | |||||||||
| vote determine the future of the project. Options to be considered include the following: | |||||||||
| 1) | Continue to operate the station as a long term project. | ||||||||
| or | |||||||||
| 2) | Put the station up for sale. | ||||||||
| Should the shareholder vote determine that the television station be sold, both the Investment Partner and | |||||||||
| W### Management Group will be offered the right of first refusal on purchase of the other party's 50% | |||||||||
| equity position. Either party may purchase the other party's 50% position at the greater of, a) the average | |||||||||
| of the first 3 years revenue ($9,101,000 / 3 = $3,033,666) , or b) 50% of the highest third party offer. | |||||||||