Fluent, Inc. — Director's Dealing 2009

Nov 4, 2009

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Searchmedia Holdings Ltd (IDI)
CIK: 0001460329
Period of Report: 2009-10-30

Reporting Person: HALPRYN GLENN L (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2009-10-30	Ordinary Shares, par value $0.0001 per share	J	12688	—	Acquired	12668	Indirect

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2009-10-30	Warrant	$7.8815	J	3172	Acquired	2012-10-30	Ordinary Shares (3172)	Indirect

Footnotes

F1: The ordinary shares were issued in connection with the conversion of a certain promissory notes held by Halpryn Capital Partners, LLC in connection with an interim financing provided to SearchMedia International Limited. The number of ordinary shares issued was determined by dividing the principal amount of the notes by 7.8815.

F2: The reported shares are owned directly by Halpryn Capital Partners, LLC, a limited liability company of which Glenn Halpryn is the managing member. The reporting person disclaims beneficial ownership of the reported securities except to the extent of his pecuniary interest therein.

F3: The 3,172 warrants were issued in connection with a conversion of a certain promissory note held by Halpryn Capital Partners, LLC in connection with an interim financing provided to SearchMedia International Limited. The number of warrants issued was determined by multiplying the number of ordinary shares issued by 0.25.

F4: The warrants are immediately exercisable.