Jul 21st, 15:25 MNM MetaNetwork Media
by Cadence Juran

MNM - Virtual Shares Buy Back Plan

Memo from the RL Chairman & CEO of MetaNetwork Media
_____________________________________________

SL Capital Exchange & MetaNetwork Media Virtual Investors:

As previously communicated, the MNM RL Management Team will begin the buy back of MNM virtual shares. The buy back strategy will extend over a period of six (6) months beginning from August 2008*.

The plan of action will be to buy back 200,000 virtual shares each month over a course of six months at 10% of the share price at the time of the buy back**.

In addition, a reduction in Cadence Juran and Jasion Spad's virtual shares will take place during the buyback schedule.

A MNM Buyback page will be created an posted within the MNM domain for virtual investors to reference. The page will be published after the first virtual share buyback is complete.

MNM Manangement will continue to work with the SL Capital Exchange Management during the course of the buyback schedule. Announcements will be posted as each virtual shares buyback occurs.

MNM would once again like to thank all virtual investors for their contributions and patience towards the startup of the virtual MetaNetwork Media.

Please continue to tune into MetaNetwork Media as we move into Season Two of our shows.

Kind Regards,

Jaison Spad


foot note:
* terms of buyback schedule are subject to revision.

** if share price exceeds the virtual initial public offering price, a share buyback of 10% of the initial public offering will be set.