Exhibit 4.2
 EXECUTION COPY
 SHARE PURCHASE AGREEMENT
    HURRAY! HOLDING CO., LTD.,
 THE PERSONS LISTED ON ANNEX I
 and
 KU6 HOLDING LIMITED
   100% of the Capital Shares
  KU6 HOLDING LIMITED




---



##### 



TABLE OF CONTENTS
 ARTICLE 1DefinitionsSection 1.01. Definitions
    
    
    1Section 1.02. Other Definitional and Interpretative Provisions
    
    
    9ARTICLE 2Purchase and SaleSection 2.01. Purchase and Sale
    
    
    9Section 2.02. Closing
    
    
    10Section 2.03. Stock Options
    
    
    10Section 2.04. Certificates for Buyer Shares
    
    
    10ARTICLE 3Representations and Warranties of the SellersSection 3.01. Legal Status
    
    
    11Section 3.02. Authority
    
    
    11Section 3.03. Governmental Authorization
    
    
    12Section 3.04. Noncontravention
    
    
    12Section 3.05. Ownership of Shares
    
    
    12Section 3.06. Accredited Investor Status
    
    
    13Section 3.07. Investment Purpose
    
    
    13Section 3.08. Exempt from Registration; Restricted Securities
    
    
    13Section 3.09. SAFE Registration
    
    
    13Section 3.10. Litigation
    
    
    13Section 3.11. Finders Fees
    
    
    13ARTICLE 4Representations and Warranties of the CompanySection 4.01. Corporate Existence and Power
    
    
    14Section 4.02. Corporate Authorization
    
    
    14Section 4.03. Governmental Authorization
    
    
    14Section 4.04. Noncontravention
    
    
    14Section 4.05. Capitalization
    
    
    15Section 4.06. Subsidiaries
    
    
    16Section 4.07. Financial Statements
    
    
    17Section 4.08. Absence of Certain Changes
    
    
    17Section 4.09. No Undisclosed Material Liabilities
    
    
    19Section 4.10. Related Party Transactions
    
    
    20Section 4.11. Material Contracts
    
    
    20
  ii




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##### 



Section 4.12. Litigation
    
    
    22Section 4.13. Compliance with Laws and Court Orders
    
    
    22Section 4.14. Properties
    
    
    23Section 4.15. Intellectual Property
    
    
    23Section 4.16. Licenses and Permits
    
    
    25Section 4.17. Selling Documents
    
    
    25Section 4.18. Finders Fees
    
    
    25Section 4.19. Taxes
    
    
    25Section 4.20. Employees; Labor Relations
    
    
    27Section 4.21. Environmental Matters
    
    
    28ARTICLE 5Representations and Warranties of BuyerSection 5.01. Corporate Existence and Power
    
    
    29Section 5.02. Corporate Authorization
    
    
    29Section 5.03. Governmental Authorization
    
    
    29Section 5.04. Noncontravention
    
    
    29Section 5.05. Capitalization
    
    
    30Section 5.06. SEC Filings
    
    
    30Section 5.07. Financial Statements
    
    
    30Section 5.08. Absence of Certain Changes
    
    
    30Section 5.09. No Undisclosed Material Liabilities
    
    
    31Section 5.10. Compliance with Laws and Court Orders
    
    
    31Section 5.11. Properties
    
    
    31Section 5.12. Litigation
    
    
    31Section 5.13. Finders Fees
    
    
    31ARTICLE 6Covenants of the Sellers and the CompanySection 6.01. Conduct of the Company
    
    
    32Section 6.02. Access to Information; Confidentiality
    
    
    34Section 6.03. Notices of Certain Events
    
    
    35Section 6.04. Resignations
    
    
    36Section 6.05. Lock-up Agreements
    
    
    36Section 6.06. Side Letter with Shareholders of Management Seller
    
    
    36Section 6.07. ADS Facility
    
    
    36Section 6.08. Waiver of Existing Rights
    
    
    36ARTICLE 7Covenants of BuyerSection 7.01. Confidentiality
    
    
    37Section 7.02. Conduct of Buyer
    
    
    37Section 7.03. Buyer Shareholder Meeting
    
    
    38Section 7.04. NASDAQ Listing
    
    
    38Section 7.05. Director Appointment
    
    
    38Section 7.06. Employment Agreement of Mr. Li
    
    
    38Section 7.07. SEC Filing
    
    
    38
  iii




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##### 



ARTICLE 8Covenants of Buyer and SellerSection 8.01. Commercially Reasonable Best Efforts; Further Assurances
    
    
    39Section 8.02. Certain Filings
    
    
    39Section 8.03. Public Announcements
    
    
    39ARTICLE 9Conditions to ClosingSection 9.01. Conditions to Obligations of Buyer and the Sellers
    
    
    39Section 9.02. Conditions to Obligation of Buyer
    
    
    40Section 9.03. Conditions to Obligation of the Sellers
    
    
    41ARTICLE 10Survival; IndemnificationSection 10.01. Survival
    
    
    42Section 10.02. Indemnification
    
    
    43Section 10.03. Methods of Settlement of Indemnity Payments
    
    
    45Section 10.04. Third Party Claim Procedures
    
    
    45Section 10.05. Direct Claim Procedures
    
    
    46Section 10.06. Exclusive Remedy
    
    
    46Section 10.07. Consequential Damages
    
    
    47ARTICLE 11TerminationSection 11.01. Grounds for Termination
    
    
    47Section 11.02. Effect of Termination
    
    
    47ARTICLE 12MiscellaneousSection 12.01. Notices
    
    
    48Section 12.02. Amendments and Waivers
    
    
    48Section 12.03. Disclosure Schedule References
    
    
    49Section 12.04. Expenses
    
    
    49Section 12.05. Successors and Assigns
    
    
    49Section 12.06. Governing Law
    
    
    49Section 12.07. Jurisdiction
    
    
    49Section 12.08. Counterparts; Effectiveness; Third Party Beneficiaries
    
    
    50Section 12.09. Entire Agreement
    
    
    50Section 12.10. Severability
    
    
    50
  iv




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##### 



Annex I
    
    List of Sellers
  Exhibit A
    
    Form of Lock-Up AgreementExhibit B
    
    Form of Instrument of TransferExhibit C
    
    Form of Instruction LetterExhibit D
    
    Option Conversion AgreementExhibit E
    
    Form of Side LetterExhibit F
    
    Form of PRC Legal OpinionExhibit G
    
    Form of Cayman Legal OpinionExhibit H
    
    Form of Employment Agreement
  v




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##### 



SHARE PURCHASE AGREEMENT
 Agreement Buyer Sellers Seller Company
 W I T N E S S E T H:
   ARTICLE 1  Definitions
 Section 1.01 . Definitions.
 ADSs
 Affiliate
 Applicable Law
 Balance Sheet
 Balance Sheet Date




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##### 



Beijing Operating Company
 Beijing Subsidiaries
 Beijing WFOE
 Business Day
 Buyer Balance Sheet
 Buyer Balance Sheet Date
 Buyer Material Adverse Effect
 Buyer Shares
 Closing Date
  2




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##### 



Company Disclosure Schedule
 Contract
 Control Controlling Controlled by under common Control with
 Employee Plans
 Employment Agreement
 Environmental Laws
 Environmental Permits
  3




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##### 



Government Official
 Governmental Authority
 Hong Kong
 Intellectual Property
 IT Assets
  4




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##### 



knowledge
 Lien
 Lock-Up Agreements Lock-Up Agreement
 Material Adverse Effect
 Management Seller
 Mr. Li
 NASDAQ
 1934 Act
  5




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##### 



1933 Act
 Operating Subsidiaries
   
 
 Option Holders
 Option Conversion Agreements Option Conversion Agreement
 Ordinary Shares
 Permitted Lien
 Person
 PRC
 PRC GAAP
 PRC IP Laws
  6




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##### 



Pro Rata Portion
 RMB
 SAFE
 SEC
 Series A Shares
 Series A-1 Shares
 Series B Shares
 Series B-1 Shares
 Shares
 Side Letter
 Software
 Subsidiary
 Tianjing Operating Company
  7




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##### 



Trade Secrets
 Transaction Documents
 U.S.
 US$ US Dollars
 U.S. GAAP
  Term
    
    SectionAgreement
    
    PreambleBuyer
    
    PreambleBuyer Indemnified Parties
    
    10.02Buyer SEC Documents
    
    5.06Buyer Shareholder Meeting
    
    7.03Buyer Voting Proposal
    
    7.03Capex Budget
    
    4.08Closing
    
    2.02Company Securities
    
    4.05Damages
    
    10.02Drop Dead Date
    
    11.01e-mail
    
    12.01Executive Officers
    
    6.05Form Employment Contracts
    
    4.20Indemnified Party
    
    10.04Indemnifying Party
    
    10.04Issued Buyer Shares
    
    2.01Lease
    
    4.14Management Seller Indemnified Parties
    
    10.02Material Contracts
    
    4.11Non-Competition Agreement
    
    4.11Other Seller Indemnified Parties
    
    10.02Permits
    
    4.16Sellers
    
    PreambleSold Shares
    
    2.01Social Insurance
    
    4.20Subsidiary Securities
    
    4.06Tax
    
    4.19Tax Return
    
    4.19Tax Sharing Agreements
    
    4.19Taxing Authority
    
    4.19Third Party Claim
    
    10.04
  8




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##### 



Section 1.02. Other Definitional and Interpretative Provisions.
 ARTICLE 2  Purchase and Sale
 Section 2.01. Purchase and Sale. Sold Shares Issued Buyer Shares
  9




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##### 



Section 2.02. Closing. Closing th
 (a)
 (b)
 (c)
 Section 2.03. Stock Options.
 (b)
 (c)
 Section 2.04. Certificates for Buyer Shares.
   10




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##### 



ARTICLE 3  Representations and Warranties of the Sellers
  Section 3.01. Legal Status.
 (a)
 (b)
 (c) Annex I.
 Section 3.02. Authority.
   (b)
  11




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##### 



(c)
 (d)
 Section 3.03. Governmental Authorization.
 Section 3.04. Noncontravention.
 (a)
 (b)
 (c)
 Section 3.05. Ownership of Shares.
  12




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##### 



Section 3.06. Accredited Investor Status.
 Section 3.07. Investment Purpose.
 Section 3.08. Exempt from Registration; Restricted Securities.
 Section 3.09. SAFE Registration.
 Section 3.10. Litigation.
 Section 3.11. Finders Fees.
  13




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##### 



ARTICLE 4  Representations and Warranties of the Company
  Section 4.01. Corporate Existence and Power.
 Section 4.02. Corporate Authorization.
 Section 4.03. Governmental Authorization.
 Section 4.04. Noncontravention.
  14




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##### 



Section 4.05. Capitalization.
 (b)
 (c) Company Securities
 (d)
 (e)
    15




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##### 



Section 4.06. Subsidiaries.
 (b) Subsidiary
Securities
 (c)
 (d)
 (e)
    16




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##### 



(f)
 Section 4.07. Financial Statements.
 (b)
 Section 4.08. Absence of Certain Changes.
 (a)
 (b)
 (c)
 (d)
  17




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##### 



(e) Capex Budget
 (f)
 (g)
 (h)
 (i)
 (j)
 (k)
  18




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##### 



(l)
 (m)
 (n)
 (o)
 (p)
 Section 4.09. No Undisclosed Material Liabilities.
 (a)
  19




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##### 



(b)
 Section 4.10. Related Party Transactions.
 Section 4.11. Material Contracts.
        20




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##### 



Non-Competition
Agreement
   (b) Material Contracts
  21




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##### 



Section 4.12. Litigation.
 Section 4.13. Compliance with Laws and Court Orders.
 (b)
   22




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##### 



Section 4.14. Properties.
 (b) Lease
 Section 4.15. Intellectual Property.
 (b)
 (c)
 (d)
 (e)
  23




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##### 



(f)
 (g)
 (h)
 (i)
 (j)
 (k)
 (l)
  24




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##### 



(m)
 Section 4.16. Licenses and Permits. Permits
 Section 4.17. Selling Documents.
 Section 4.18. Finders Fees.
 Section 4.19. Taxes.
 (b)
  25




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##### 



(c)
 (d)
 (e)
 (f)
 (g)
 (h)
 (i) Tax Taxing
Authority
  26




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##### 



ax Return Tax Sharing Agreements
 Section 4.20. Employees; Labor Relations.
 (b)
 (c) Form Employment Contracts
 (d)
 (e)
 (f)
  27




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##### 



(g) Social
Insurance
 (h)
 (i)
 (j)
 Section 4.21. Environmental Matters.
  28




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##### 



ARTICLE 5  Representations and Warranties of Buyer
  Section 5.01. Corporate Existence and Power.
 Section 5.02. Corporate Authorization.
 Section 5.03. Governmental Authorization.
 Section 5.04. Noncontravention.
  29




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##### 



Section 5.05. Capitalization.
 (b)
 Section 5.06. SEC Filings. Buyer SEC Documents
 (b)
 (c)
 (d)
 Section 5.07. Financial Statements.
 Section 5.08. Absence of Certain Changes.
  30




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##### 



Section 5.09. No Undisclosed Material Liabilities.
 Section 5.10. Compliance with Laws and Court Orders.
 Section 5.11. Properties.
 Section 5.12. Litigation.
 Section 5.13. Finders Fees.
  31




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##### 



ARTICLE 6  Covenants of the Sellers and the Company
 Section 6.01. Conduct of the Company.
 (b)
     32




---



##### 



33




---



##### 



(c)
 Section 6.02. Access to Information; Confidentiality.
  34




---



##### 



(b)
 Section 6.03. Notices of Certain Events.
 (a)
 (b)
 (c)
 (d)
 (e)
  35




---



##### 



provided however
 Section 6.04. Resignations.
 Section 6.05. Lock-up Agreements. Executive Officers
 (b)
 Section 6.06. Side Letter with Shareholders of Management Seller.
 Section 6.07. ADS Facility.
 (b)
 Section 6.08. Waiver of Existing Rights.
  36




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##### 



ARTICLE 7  Covenants of Buyer
 Section 7.01. Confidentiality. provided
 Section 7.02. Conduct of Buyer.
 (a)
 (b)
 (c)
 (d)
  37




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##### 



Section 7.03. Buyer Shareholder Meeting. Buyer Shareholder Meeting Buyer Voting Proposal
 (b) provided provided
 Section 7.04. NASDAQ Listing.
 Section 7.05. Director Appointment.
 Section 7.06. Employment Agreement of Mr. Li.
 Section 7.07. SEC Filing.
  38




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##### 



ARTICLE 8  Covenants of Buyer and Seller
 Section 8.01. Commercially Reasonable Best Efforts; Further Assurances.
 Section 8.02. Certain Filings.
 Section 8.03. Public Announcements.
 ARTICLE 9  Conditions to Closing
 Section 9.01. Conditions to Obligations of Buyer and the Sellers.
 (a)
  39




---



##### 



(b)
 (c)
 Section 9.02. Conditions to Obligation of Buyer.
 (a) CEO
 (b)
 (c)
  40




---



##### 



(d)
 (e)
 (f)
 (g)
 (h)
 (i)
 (j)
 Section 9.03. Conditions to Obligation of the Sellers.
 (a)
  41




---



##### 



(b)
 (c)
 ARTICLE 10  Survival; Indemnification
 Section 10.01. Survival. provided
  42




---



##### 



Section 10.02. Indemnification. Buyer Indemnified Parties Damages provided
 (b) provided
  43




---



##### 



(c) Management Seller Indemnified Parties provided
 (d) Other Seller Indemnified Parties provided
  44




---



##### 



Section 10.03. Methods of Settlement of Indemnity Payments. provided divided multiplied
 Section 10.04. Third Party Claim Procedures. Indemnified Party Indemnifying Party Third Party Claim
 (b) provided
 (c)
  45




---



##### 



(d)
 (e) provided
 (f)
 Section 10.05. Direct Claim Procedures.
 Section 10.06. Exclusive Remedy.
  46




---



##### 



Section 10.07. Consequential Damages.
 ARTICLE 11  Termination
 Section 11.01. Grounds for Termination.
 (a)
 (b) Drop Dead Date
 (c)
  Section 11.02. Effect of Termination. provided
  47




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##### 



ARTICLE 12  Miscellaneous
 Section 12.01 . Notices. e-mail
  hbqu@hurray.com.cn and xmpang@hurray.com.cn
  james.lin@dpw.com
  Section 12.02 . Amendments and Waivers.
  48




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##### 



(b)
 Section 12.03 . Disclosure Schedule References.
 Section 12.04 . Expenses.
 Section 12.05 . Successors and Assigns. provided
 Section 12.06 . Governing Law.
 Section 12.07 . Jurisdiction.
  49




---



##### 



Section 12.08 . Counterparts; Effectiveness; Third Party Beneficiaries.
 Section 12.09 . Entire Agreement.
 Section 12.10 . Severability.
  50




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##### 



HURRAY! HOLDING CO., LTD.By:
    /s/ Qu HaibinName:
    Qu HaibinTitle:
    Acting CEOKU6 HOLDING LIMITEDBy:
    /s/ Li ShanyouName:
    Li ShanyouTitle:
    CEO




---



##### 



KUMELLA HOLDINGS LIMITEDBy:
    /s/ Li ShanyouName:Title: Contact Information:Contact:
    
    Li ShanyouAddress:
    
    Room A402, Great Wall
Computer Tower, No. Jia 38,
Xueyuan Road, Haidian
District, Beijing, PRCTelephone:
    
    +86-10-6236-1818Facsimile:
    
    +86-10-6236-8882




---



##### 



ZHAO XIAOBINGBy:
    /s/Name:Title: Contact Information:Contact:
    
    Zhao XiaobingAddress:
    
    Room 1001, Building 207,
Shijidongfangilayuan
Chaoyang District, Beijing
PRCTelephone:
    
    +86-139-1016-6676E-mail:
    
    Bill.zhao@xiaobingroup.com




---



##### 



JABE, LLCBy:
    /s/ Timothy C. DraperName:
    Timothy C. DraperTitle:
    Managing Member Contact Information:Contact:
    
    John Fischer, Tim DraperAddress:
    
    2882 Sand Hill Road, Suite
150, Menlo Park, CA 94025,
USATelephone:
    
    +1-650-233-9000Facsimile:
    
    +1-650-233-9233




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##### 



THE BOARD OF TRUSTEES OF THE 
LELAND STANFORD JUNIOR 
UNIVERSITY (SEVF II)By:
    /s/ Martina S. PoquetName:
    Martina S. PoquetTitle:
    Managing Director

Separate Investments Division Contact Information:Contact:
    
    Martina S. Poquet, Director 
Separate InvestmentsAddress:
    
    Stanford Management
Company, 2770 Sand Hill
Road, Menlo Park, CA
94025, USATelephone:
    
    +1-650-926-0243Facsimile:
    
    +1-650-926-0135




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##### 



BAIDU HOLDINGS LIMITEDBy:
    /s/Name:Title: Contact Information:Contact:
    
    Li YanhongAddress:
    
    12/F, Ideal International
Plaza, Haidian District,
Beijing, PRCTelephone:
    
    +86-10-8262-1188Facsimile:
    
    +86-10-8260-7008




---



##### 



DRAPER FISHER JURVETSON FUND
VIII, L.P.By:
    /s/ John FisherName:
    John FisherTitle:
    Managing DirectorDRAPRE FISHER JURVETSON PARTNERS
VIII, LLCBy:
    /s/ John FisherName:
    John FisherTitle:
    Managing Director Contact Information for each:Contact:
    
    John Fisher, Tim DraperAddress:
    
    2882 Sand Hill Road, Suite
150, Menlo Park, CA 94025,
USATelephone:
    
    +1-650-233-9000Facsimile:
    
    +1-650-233-9233




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##### 



DT VENTURES CHINA FUND II, L.P.By:
    /s/ William ChenName:
    William ChenTitle:
    Managing Director Contact Information:Contact:
    
    Will ChenAddress:
    
    No. 1 Gaolan Road, Luwan
District, Shanghai 200020,
PRCTelephone:
    
    +86-21-5383-5999Facsimile:
    
    +86-21-5383-5998




---



##### 



TLC CAPITAL CO., LTD.By:
    /s/ Duen-Chian ChengName:
    Duen-Chian ChengTitle:
    President Contact Information:Contact:
    
    Duen-Chian ChengAddress:
    
    18/F, No. 333, Tunhwa South
Road, Section 2, Taipei 106,
TaiwanTelephone:
    
    +886-2-2738-2799Facsimile:
    
    +886-2-2738-0299




---



##### 



SHARP FOCUS ASSETS MANAGEMENT
LIMITEDBy:
    /s/ Ito ShigeruName:
    Ito ShigeruTitle:
    Director Contact Information:Contact:
    
    Ito, ShigeruAddress:
    
    P.O. Box 957, Offshore
Incorporations Centre, Road
Tow, Tortola, British Virgin
IslandsTelephone:
    
    +886-2-2570-5559Facsimile:
    
    +886-2-2570-5569




---



##### 



ITOCHU CORPORATIONBy:
    /s/ Tatsushi ShinguName:
    Tatsushi ShinguTitle:
    General Manager
Mobile Network Business Dept. Contact Information:Contact:
    
    Yasufumi YamaguchiAddress:
    
    5-1, Kita-Aoyama 2-chome,
Minato-ku, Tokyo 107-8077,
JapanTelephone:
    
    +81-3-3497-7903Facsimile:
    
    +81-3-3497-3177




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##### 



INFINITUDE INVESTMENT CO., LTD.By:
    /s/ Isamu SakakibaraName:
    Isamu SakakibaraTitle:
    Chairman Contact Information:Contact:
    
    James ZhouAddress:
    
    Room 2211, Shui On Plaza,
333 Huai Hai Zhong Road,
Shanghai, PRCTelephone:
    
    +86-21-63853266Facsimile:
    
    +86-21-63852199




---



##### 



SBI BROADBAND FUND NO. 1 LIMITED
PARTNERSHIPBy:
    /s/ Takashi NakagawaName:
    Takashi NakagawaTitle:
    Representative Director & COO
of SBI Investment Co., Ltd.
its General PartnerSBI BROADBAND CAPITAL CO., LTDBy:
    /s/ Takashi NakagawaName:
    Takashi NakagawaTitle:
    Representative DirectorSBI BB MOBILE INVESTMENT LPSBy:
    /s/ Takashi NakagawaName:
    Takashi NakagawaTitle:
    Representative Director & COO
of SBI Investment Co., Ltd.
its General Partner Contact Information for each:Contact:
    
    Min ZhuAddress:
    
    Izumi Garden Tower 19F, 1-6-1
1 Roppongi, Minato-ku,
Tokyo 106-6019, JapanTelephone:
    
    +81-3-6229-0127Facsimile:
    
    +81-3-3224-1971




---



##### 



ANNEX I
 LIST OF SELLERS
 Name
    
    Jurisdiction/Citizenship1.
    
    
    KUMELLA HOLDINGS LIMITED*
    
    The British Virgin Islands2.
    
    
    ZHAO XIAOBING
    
    The PRC3.
    
    
    JABE, LLC
    
    California, the U.S.4.
    
    
    THE BOARD OF TRUSTEES OF THE LELAND 
STANFORD JUNIOR UNIVERSITY (SEVF II)
    
    California, the U.S.5.
    
    
    BAIDU HOLDINGS LIMITED
    
    The British Virgin Islands6.
    
    
    DRAPER FISHER JURVETSON FUND VIII, L.P.
    
    The Cayman Islands7.
    
    
    DRAPER FISHER JURVETSON PARTNERS VIII,
LLC
    
    California, the U.S.8.
    
    
    DT VENTURES CHINA FUND II, L.P.
    
    The Cayman Islands9.
    
    
    TLC CAPITAL CO., LTD.
    
    Taiwan10.
    
    
    SHARP FOCUS ASSETS MANAGEMENT LIMITED
    
    The British Virgin Islands11.
    
    
    ITOCHU CORPORATION
    
    Japan12.
    
    
    INFINITUDE INVESTMENT CO., LTD.
    
    The British Virgin Islands13.
    
    
    SBI BROADBAND FUND NO. 1 LIMITED
PARTNERSHIP
    
    Japan14.
    
    
    SBI BROADBAND CAPITAL CO., LTD
    
    Japan15.
    
    
    SBI BB MOBILE INVESTMENT LPS
    
    Japan




---



##### 



COMPANY DISCLOSURE SCHEDULE
   Schedule-1




---



##### 



EXHIBIT A
 FORM OF LOCK-UP AGREEMENT
  
 Hurray! Holding Co., Ltd.  Lock-up Agreement
  Buyer 1 SPA Company 2  Ordinary Shares  3 Conversion Agreement  Ordinary Shares 4
 
 1
    
    Include for the Executive Officers2
    
    Include for all Sellers3
    
    Include for all Sellers4
    
    Include for the Executive Officers




---



##### 



5 6 Lock-up Period
 7
   [Name of Seller/Executive Officer]Name:Title:
 
 5
    
    Include for Management Seller and the Executive Officers6
    
    Include for all Sellers other than Management Seller7
    
    Include for Management Seller




---



##### 



EXHIBIT B
 FORM OF INSTRUMENT OF TRANSFER
 KU6 Holding Limited
 
 Hurray! Holding Co., Ltd. of Codan Trust Company (Cayman) Limited, Century
Yard, Cricket Square, Hutchins Drive, P.O. Box 2681GT, Georgia Town, Grand Cayman, Cayman Islands Transferee
 
 
 For and on behalf of[Insert the Name of the Transferor]Authorised Signatory[Sign]




---



##### 



EXHIBIT C
 FORM OF INSTRUCTION LETTER
    
  KU6 Holding Limited (Company)
  Certificate Number
    
    No. of Shares
    
    Name of shareholder100,000,000 Ordinary
Shares
    
    KUMELLA HOLDINGS LIMITED701,104 Ordinary Shares
    
    ZHAO XIAOBING3,706,173 Series A
Shares
    
    JABE, LLC1,510,401 Series B
Shares586,420 Series A Shares
    
    THE BOARD OF TRUSTEES OF
THE LELAND STANFORD JUNIOR
UNIVERSITY (SEVF II)8,641,975 Series A
Shares
    
    BAIDU HOLDINGS LIMITED41,694,444 Series A
Shares
    
    DRAPER FISHER JURVETSON
FUND VIII, L.P.16,992,012 Series B
Shares926,543 Series A Shares
    
    DRAPER FISHER JURVETSON
PARTNERS VIII, LLC377,600 Series B Shares
  Exhibit C  1




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##### 



Certificate Number
    
    No. of Shares
    
    Name of shareholder10,198,604 Series A-1
Shares
    
    DT VENTURES CHINA FUND II,
L.P.17,624,763 Series B
Shares26,248,459 Series B
Shares
    
    TLC CAPITAL CO., LTD.1,574,908 Series B
Shares
    
    SHARP FOCUS ASSETS
MANAGEMENT LIMITED5,302,620 Series B
Shares
    
    ITOCHU CORPORATION5,249,692 Series B
Shares
    
    INFINITUDE INVESTMENT CO.,
LTD.8,899,868 Series B-1
Shares
    
    SBI BROADBAND FUND NO. 1
LIMITED PARTNERSHIP5,454,758 Series B-1
Shares
    
    SBI BROADBAND CAPITAL CO.,
LTD8,612,776 Series B-1
Shares
    
    SBI BB MOBILE INVESTMENT
LPS
  1.
    
    update the register of members of the Company to reflect the transfers of shares in the
following manner on receipt of the signed instruments of transfer pursuant to the Companys
articles of association:
 Name of
    
    Class/Series and
    
    Name oftransferor
    
    No. of Shares
    
    transferee
    
    Date of RecordKUMELLA HOLDINGS 
LIMITED
    
    100,000,000
Ordinary Shares
    
    Hurray! Holding
Co., Ltd.ZHAO XIAOBING
    
    701,104 Ordinary
Shares
    
    Hurray! Holding Co.JABE, LLC
    
    3,706,173 Series A
Shares and
1,510,401 Series B
Shares
    
    Hurray! Holding Co.THE BOARD OF 
TRUSTEES OF THE 
LELAND STANFORD 
JUNIOR UNIVERSITY
(SEVF II)
    
    586,420 Series A
Shares
    
    Hurray! Holding Co.BAIDU HOLDINGS 
LIMITED
    
    8,641,975 Series A
Shares
    
    Hurray! Holding Co.
  Exhibit C  2




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##### 



Name of
    
    Class/Series and
    
    Name oftransferor
    
    No. of Shares
    
    transferee
    
    Date of RecordDRAPER FISHER
JURVETSON FUND
VIII, L.P.
    
    41,694,444 Series A
Shares and
16,992,012 Series B
Shares
    
    Hurray! Holding Co.DRAPER FISHER 
JURVETSON PARTNERS 
VIII, LLC
    
    926,543 Series A
Shares and 377,600
Series B Shares
    
    Hurray! Holding Co.DT VENTURES CHINA
FUND II, L.P.
    
    10,198,604 Series
A-1 Shares and
17,624,763 Series B
Shares
    
    Hurray! Holding Co.TLC CAPITAL CO.,
LTD.
    
    26,248,459 Series B
Shares
    
    Hurray! Holding Co.SHARP FOCUS ASSETS 
MANAGEMENT LIMITED
    
    1,574,908 Series B
Shares
    
    Hurray! Holding Co.ITOCHU CORPORATION
    
    5,302,620 Series B
Shares
    
    Hurray! Holding Co.INFINITUDE
INVESTMENT CO.,
LTD.
    
    5,302,620 Series B
Shares
    
    Hurray! Holding Co.SBI BROADBAND FUND
NO. 1 LIMITED
PARTNERSHIP
    
    8,899,868 Series
B-1 Shares
    
    Hurray! Holding Co.SBI BROADBAND
CAPITAL CO., LTD
    
    5,454,758 Series
B-1 Shares
    
    Hurray! Holding Co.SBI BB MOBILE 
INVESTMENT LPS
    
    8,612,776 Series
B-1 Shares
    
    Hurray! Holding Co.
  Exhibit C  3




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##### 



2.
    
    issue physical share certificates in name of the following shareholder and deliver the same
to the recipient set out below:
 Class/Series and No. of
    
    Name and address (withName of shareholder
    
    Shares
    
    postal code) of recipientHurray! Holding Co.,
Ltd.
    
    [The sum of the
numbers of ordinary
shares set forth in
all signed
instruments of
transfer]
    
    Codan Trust Company
(Cayman) Limited,
Century Yard, Cricket
Square, Hutchins
Drive, P.O. Box
2681GT, Georgia Town,
Grand Cayman, Cayman
IslandsHurray! Holding Co.,
Ltd.
    
    [The sum of the same
as above numbers of
Series A Preferred
Shares set forth in
all signed
instruments of
transfer]
    
    same as aboveHurray! Holding Co.,
Ltd.
    
    [The sum of the
numbers of Series A-1
Preferred Shares set
forth in all signed
instruments of
transfer]
    
    same as aboveHurray! Holding Co.,
Ltd.
    
    [The sum of the
numbers of Series B
Preferred Shares set
forth in all signed
instruments of
transfer]
    
    same as aboveHurray! Holding Co.,
Ltd.
    
    [The sum of the
numbers of Series B-1
Preferred Shares set
forth in all signed
instruments of
transfer]
    
    same as above
  [name of director]Director 
Ku6 Holding Limited
  Exhibit C  4




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##### 



EXHIBIT D
 FORM OF OPTION CONVERSION AGREEMENT
 Agreement Company  Option Holder
 SPA Buyer
  Stock Options
   Conversion  8 Issued Shares
 Share Certificate 9 American Depositary Receipt 10
 
 8
    
    Include for all Option Holders other than the Executive
Officers9
    
    Include for the Executive Officers10
    
    Include for all Option Holders other than the
Executive Officers  Exhibit D  1




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##### 



11
 Representations by the Option Holder
 Citizenship 
 Authorization
 Ownership of Stock Options
 Investment Purposes
 Regulation S
 
 11
    
    Include for the Executive Officers  Exhibit D  2




---



##### 



Exempt from Registration 1933 Act
 Taxes
 SAFE Registration
 Conditions Closing
 Counterparts; Effectiveness
 Third Party Beneficiary
 Governing Law
  Exhibit D  3




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##### 



KU6 HOLDING LIMITEDBy:Name:Title:[name of Option Holder]
  Exhibit D  4




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##### 



EXHIBIT E
 FORM OF SIDE LETTER
 
  Re: Acquisition of Ku6 Holding Limited
  Buyer SPA Company Seller Issued Shares
 Closing
 Covenantor Lock-up
Period
  Exhibit E  1




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##### 



Shanyou Li (CHINESE CHARACTER)
    
    Han Kun (CHINESE CHARACTER)ID No. 12010419720322681X
    
    ID No. 341223197706273112Xinye Zeng (CHINESE CHARACTER)
ID No. 510502197307171122
    
    Zhizhong Hao (CHINESE CHARACTER)
ID No. 150103197609091512
  Exhibit E  2




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##### 



EXHIBIT F
 FORM OF PRC LEGAL OPINION
   Exhibit F  1




---



##### 



EXHIBIT G
 FORM OF CAYMAN LEGAL OPINION
   Exhibit  G  1




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##### 



EXHIBIT H
 FORM OF MR. LIS EMPLOYMENT AGREEMENT
   Exhibit H  1