IN MEDIA CORP - Recent Material Event

ITEM 5.02 DEPARTURE OF DIRECTORS OR CERTAIN OFFICERS; ELECTION OF DIRECTORS; APPOINTMENT OF CERTAIN OFFICERS; COMPENSATORY ARRANGEMENTS OF CERTAIN OFFICERS. Effective September 1, 2011, In Media Corporation (the "Corporation") and Simon Westbrook, the Corporation's Chief Financial Officer, executed a Consultant Agreement (the "Agreement") in which the Corporation recognized that Mr. Westbrook provided bona fide services rendered from January 1, 2011 through August 31, 2011 and accrued $64,000 in unpaid compensation. The Agreement includes recognition of the services provided by the Mr. Westbrook and recognition of consideration for deferring payment of accrued compensation, for which Mr. Westbrook shall receive an ex-gratis bonus of $88,000 (the latter amount also to be deferred). From September 1, 2011 forward, Mr. Westbrook will receive the sum of Eight Thousand Dollars ($8,000) per calendar month during the term of the Agreement. In addition, Mr. Westbrook has been granted 800,000 options to purchase shares of common stock of the Corporation, such options shall vest in equal monthly installments over the 24 months starting January, 2011 at an exercise price of $0.15 per share. The options are granted pursuant to the 2010 stock Option Plan. Effective September 1, 2011, the Corporation and Dan Mabey, the Corporation's Chief Operating Officer and a member of the Corporation's Board of Directors, executed a Consultant Agreement (the "Agreement") in which the Corporation recognized that Mr. Mabey provided bona fide services rendered from January 1, 2011 through August 31, 2011 and accrued $33,333.33 in unpaid compensation. The Agreement includes recognition of the services provided by the Mr. Mabey and recognition of consideration for deferring payment of accrued compensation, for which Mr. Mabey shall receive an ex-gratis bonus of $26,083 (the latter amount also to be deferred). From September 1, 2011 forward, Mr. Mabey will receive the sum of Four Thousand Dollars, one hundred and sixty-six ($4,166) per calendar month during the term of the Agreement. In addition, Mr. Mabey has been granted 800,000 options to purchase shares of common stock of the Corporation, such options shall vest in equal monthly installments over the 24 months starting January, 2011 at an exercise price of $0.15 per share. Further, the Corporation has determined to compensate Mr. Mabey at the rate of $30,000 per year for his service as a director of the Corporation. The options are granted pursuant to the 2010 stock Option Plan. ITEM 9.01 FINANCIAL STATEMENTS AND EXHIBITS. (D) EXHIBITS 10.1 Form of Consultant Agreement for Simon Westbrook 10.2 Form of Consultant Agreement for Dan Mabey SIGNATURES Pursuant to the requirements of Section 13 or 15(d) of the Securities Exchange Act of 1934 the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized. In Media Corporation Registrant By: /s/ Nitin Karnik ------------------------------------ Date: September 29,2011 Nitin Karnik Chief Executive Officer 2 </TEXT> </DOCUMENT>