Exhibit 4.34






Exhibit 4.34




Share Pledge Agreement




This Share Pledge Agreement (hereinafter “this Agreement”) is executed by and between the following
parties (hereinafter “the Parties”):



Party A: Ku6 (Beijing) Technology Co., Ltd.

Address: Building 6, Zhengtong Shidai Chuangyi Center, Xibahe Xili No.18, Chaoyang District,
Beijing

Post Code: 100020




Party B: Dongxu Wang

ID Number: 310226751124032

Address: Room 301, No. 1025-6, Shangcheng Road, Pudong District, Shanghai




Whereas:





	1.	 	Party A is a legally and validly incorporated and existing wholly-owned foreign investment
company in People’s Republic of China (hereinafter “PRC” or “China”).

	 
	2.	 	Shanghai Yisheng Network Technology Co., Ltd. (hereinafter “the Company”) is a limited
liability company incorporated and registered in PRC.

	 
	3.	 	Party B (hereinafter “the Pledgor”) is one of the shareholders of the Company and Party B
holds 75% equity interest (hereinafter “Relevant Equity”) of the Company.

	 
	4.	 	Party A, Party B and the Company conclude and execute an “Equity Disposal Agreement” on 5
August 2010.

	 
	5.	 	In order to secure the performance of the “Equity Disposal Agreement” the Pledgor pledges all
their equity interests in the Company to Party A to secure the performance of the said
agreements and Party A shall be the Pledgee.






Therefore, through friendly negotiation and under the principles of equality and mutual
benefits, the Parties hereby reach the following Agreement to be legally binding on them:




	1.	 	Definition






Unless otherwise agreed in this Agreement, the following terminologies shall be defined and
interpreted as follows:




	1.1	 	Pledge Right: shall have the meaning as provided in Article 2 hereunder.




 


 









 





	1.2	 	Equity: shall refer to all the equity interest of the Company which are legally held by the
Pledgor and all existing and prospective rights and interests arising from holding such equity
interests.

	 
	1.3	 	Relevant Agreements: shall refer to the “Equity Disposal Agreement” respectively concluded
and executed by Party A, Party B and the Company on 2 August 2010.

	 
	1.4	 	Events of Default: shall refer to the events as listed in Article 7 hereunder.

	 
	1.5	 	Notice of Default: shall refer to the notice issued by Party A which declares the events of
default.







	2.	 	Pledge







	2.1	 	The Pledgor pledges all its Equity of the Company to Party A, to secure Party A’s rights
and interests under Equity Disposal Agreement.

	 
	2.2	 	The pledge of the Equity under this Agreement covers the liability for which Party A and
the Company shall be liable for benefit of Party A.

	 
	2.3	 	The Pledge Right under this Agreement shall refer to Party A’s right to have a priority to
get compensation from the proceeds from converting the Equity pledged by the Pledgor into
money, or from the auction or sales of the Equity pledged by the Pledgor.

	 
	2.4	 	Unless otherwise expressly agreed by Party A in writing after the effectiveness of this
Agreement, the pledge under this Agreement may be released provided the Company and the
Pledgor have properly performed or taken all their obligations and liabilities under Relevant
Agreements, which shall be confirmed by Party A in writing. If the Company or the Pledgor
fails to fully perform or take all or part of their obligations and liabilities under Relevant
Agreements upon the expiration dates of Relevant Agreements, Party A is still entitle to the
Pledge Right under this Agreement until the said obligations and liabilities have been fully
performed or taken to the satisfaction of Party A.







	3.	 	Effectiveness







	3.1	 	This Agreement shall be established after being signed and stamped by the Parties and the
Pledge Right shall be effectively established upon it is registered with relevant
administration for industry and commerce.

	 
	3.2	 	During the process of the pledge, if Party B fails to perform any provisions under “Equity
Disposal Agreement”, after delivering relevant notice, Party A is entitled to exercise the
Pledge Right according to this Agreement.







	4.	 	Possession and Keeping of the Certificate of the Pledge Right




 


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	4.1	 	The Pledgor shall submit its capital contribution certificate of the Company (original copy)
to Party A for its keeping within 10 working days after signing this Agreement or at an
earlier time as agreed by the Parties and shall provide Party A relevant proof that the pledge
under this Agreement has been properly registered in the register of shareholders. The
Pledgor shall handle any and all approval and registration formalities according the PRC laws
and shall provide the equity pledge registration certification from the administration for
industry and commerce.

	 
	4.2	 	If there is any change to the registered items related to the pledge, requiring modification
registration, Party A and Party B shall conduct the modification registration within 5 working
days as of such change and shall submit relevant documents in relation to the application for
such modification registration.

	 
	4.3	 	During the pledge term of the Equity, the Pledgor shall instruct the Company not to
distribute any dividends, capital bonus or adopt any profit distribution scheme. If the
Pledgor is entitled to any other economic interests other than the dividends, capital bonus or
profit distribution scheme resulting from the pledged Equity, the Pledgor shall require the
Company to remit relevant funds (after the conversion) to Party A’s designated bank account;
and without Party A’s prior written consent, the Pledgor shall not make any use of it.

	 
	4.4	 	During the pledge term of the Equity, if the Pledgor subscribes the Company’s newly increased
capital, or purchases the Company’s equity held by other pledgors (hereinafter “New Equity”),
then such New Equity shall automatically become the pledged Equity under this Agreement. The
Pledgor shall complete all the formalities necessary for pledging the New Equity within 10
working days after obtaining such New Equity. If the Pledgor fails to complete relevant
formalities according to the foregoing provision, Party A is entitled to realize its Pledge
Right according to Article 8 of this Agreement.







	5.	 	Representation and Warranty of the Pledgor






The Pledgor hereby makes the following representation and warranty at the time of signing this
Agreement and confirms that Party A signs and performs this Agreement depending on such
representation and warranty:




	5.1	 	The Pledgor legally holds the Equity under this Agreement and is entitled to pledge such
Equity to Party A.

	 
	5.2	 	From the execution date of this Agreement, and at any time during the effective term of the
Pledge Right that Party A is entitled to according to Article 2.4 herein, there is no lawful
claim or justified interference from any third party impeding Party A from exercising or
realizing its rights or Pledge Right according to this Agreement.




 


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	5.3	 	Party A is entitled to exercise its Pledge Right according to the applicable laws and this
Agreement.

	 
	5.4	 	When signing this Agreement and performing the obligations under this Agreement, it has
already obtained all the necessary authorizations or approvals from the Company as well as
other shareholder’s permit, which does not violate any applicable laws and the articles of
association of the Company. The authorized representative to sign this Agreement has obtained
a legal and effective authorization.

	 
	5.5	 	There is no encumbrance or other third party’s security interests set on the Equity held by
the Pledgor (including but not limited to the pledge).

	 
	5.6	 	There is no ongoing or potential civil, administrative or criminal proceeding,
administrative penalty or arbitration involved in the Equity.

	 
	5.7	 	There are no payable tax and fees in connection with the Equity which are not paid yet; and
there are no legal procedures and formalities in connection with the Equity which should be
completed but not completed yet.

	 
	5.8	 	Any provision of this Agreement is a true intent expressed by the Pledgor and shall be
legally binding on it.







	6.	 	Pledgor’s Covenant







	6.1	 	During the effective term of this Agreement, the Pledgor covenants that:







	 	6.1.1	 	Without Party A’s prior and written consent, it will not transfer the Equity,
or will not set or permit the existence of any pledge, other encumbrances, or any
other third party’s security interests which may affect Party A’s rights and interest
on the Equity, except transferring the Equity to Party A or Party A’s designated
person upon Party A’s request.

	 
	 	6.1.2	 	After receiving the notices, instructions or suggestions on the Pledge
Right issued or provided by the competent authorities, it will bring forth such
notices, instructions or suggestions to Party A within 5 working days and take
relevant actions pursuant to Party A’s reasonable instruction, subject to all
applicable laws.

	 
	 	6.1.3	 	It will notify Party A on a timely basis of any event or notice it receives
which may have impact on the Pledgor’s part of or all of the Equity, or which may
change the Pledgor’s any obligations under this Agreement, or which may affect the
Pledgor’s performance of its obligations under this Agreement. In addition, it shall
relevant actions pursuant to Party A’s reasonable instruction.




 


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	6.2	 	The Pledgor agrees that Party A is entitled to exercise its rights according to this
Agreement without being interrupted or impaired by the Pledgor or the Pledgor’s successor or
assignee or any third party.

	 
	6.3	 	The Pledgor warrants to Party A that, in order to protect or improve the security for the
Pledgor and /or the Company’s obligations under Equity Disposal Agreement, the Pledgor will
conduct all necessary amendments to its articles of association and the Company’s articles of
association (if applicable), it will faithfully sign or procure the party who has interest in
the Pledge Right to sign any and all documents of title and deeds as required by Party A,
and/or it will take or procure the party who has interest in the Pledge Right to take relevant
actions as required by Party A; and it will provide relevant assistance in Party A’s
exercising of the Pledge Right. It will sign relevant amendment documents related to the
equity certificate with Party A or Party A’s designated third party and it will provide all
documents related to the Pledge Right to Party A according to Party A’s requirement.

	 
	6.4	 	The Pledgor warrants to Party A that, for Party A’s interests, it will conform to and
perform all its warrants, covenants, agreements and representations. If the Pledgor fails to
perform or fails to fully perform all its warrants, covenants, agreements and representations,
it will compensate all the losses incurred to Party A arising therefrom.







	7.	 	Events of Default







	7.1	 	The Events of Default shall be defined as follows:







	 	7.1.1	 	The Pledgor or its successor or assignee fails to perform its obligations
under “Equity Disposal Agreement”.

	 
	 	7.1.2	 	Any representation, warranty or covenant made by the Pledgor under Article
5 and 6 herein is materially misleading or false, and/or, the Pledgor has any breach
of its representation, warranty or covenant under Article 5 and 6.

	 
	 	7.1.3	 	The Pledgor serious breaches any provision of this Agreement.

	 
	 	7.1.4	 	Unless otherwise provided in Article 6.1.1, the Pledgor waives its Equity
which is pledged to Party A, or the Pledgor arbitrarily transfer its Equity which is
pledged to Party A without obtaining Party A’s written consent.

	 
	 	7.1.5	 	The Pledgor is required to prepay or to undertake in advance the
liabilities of any loan, guarantee, compensation, covenant or other debts, or the
Pledgor is incapable to repay or undertake in advance the liabilities of any loan,
guarantee, compensation, covenant or other debts upon the maturity, which leads to a
result that Party A reasonably believes the Pledgor’s capability to perform its
obligations under this Agreement has been affected and Party A’s interests are to be
impaired accordingly.




 


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	 	7.1.6	 	The Pledgor is incapable to repay its general debts or other arrears,
which impairs Party A’s interests accordingly.

	 
	 	7.1.7	 	This Agreement become illegal or the Pledgor fails to continue to perform
its obligations under this Agreement because of the promulgation of relevant laws.

	 
	 	7.1.8	 	Any governmental approval, permit, consent or authorization necessary for
effecting the enforceability or legality or validity of this Agreement is canceled,
suspended, invalidated or materially amended.

	 
	 	7.1.9	 	There is any adverse impact on the Pledgor’s properties, which leads to a
result that Party A believes the Pledgor’s capability to perform its obligations
under this Agreement has been affected.

	 
	 	7.1.10	 	Other situations under which Party A cannot dispose its Equity according to the
applicable laws.







	7.2	 	If the Pledgor knows or discovers that any event provided in Article 7.1 occurs, or any
event which may lead to the occurrence of the events provided in Article 7.1, the Pledgor
shall notify Party A immediately.

	 
	7.3	 	Unless the Events of Default provided in Article 7.1 have been completely solved to the
satisfaction of Party A, Party A is entitled to send a Notice of Default in writing to the
Pledgor at any time at or after the occurrence of such Events of Default, requiring the
Pledgor to timely perform the “Equity Disposal Agreement”. If the Pledgor or the Company
fails to timely rectify its noncompliance or fails to adopt necessary remedies within 10 days
after the issuance of such written notice, then Party A is entitled to exercise the Pledge
Right according to Article 8 of this Agreement.







	8.	 	Exercise of the Pledge Right







	8.1	 	Before the fees and obligations under Equity Disposal Agreement are fully paid or performed
and without Party A’s written consent, the Pledgor shall not transfer its Equity.

	 
	8.2	 	Party A shall issue the Notice of Default to the Pledgor according to Article 7.3 herein when
exercising its Pledge Right.

	 
	8.3	 	Subject to Article 7.3 herein, Party A may exercise its Pledge Right at any time after
issuing the Notice of Default according to Article 7.3.




 


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	8.4	 	Party A is entitled to have a priority to get compensation from the proceeds yield from
converting all or part of the Equity into money, or from the auction or sales of all or part
of Equity, till “Equity Disposal Agreement” is completely performed.

	 
	8.5	 	Where Party A exercises its Pledge Right according to this Agreement, the Pledgor shall not
pose any obstacles and shall provide necessary assistance Party A to help realizing the Pledge
Right.







	9.	 	Assignment







	9.1	 	Unless otherwise expressly agreed by Party A in writing beforehand, the Pledgor is not
entitled to assign any rights and obligations under this Agreement to any third party.

	 
	9.2	 	This Agreement shall be binding on the Pledgor and its successors, as well as on Party A and
its successors or assignees.

	 
	9.3	 	Party A is entitled to assign any of its rights and obligations under this Agreement to
its designated third party; under the said situation, the assignee shall have and assume all
the rights and obligations of Party A under this Agreement. Where Party A assigns its rights
and obligations under this Agreement, upon Party A’s request, the Pledgor shall sign relevant
agreements and/or documents in connection with such assignment.

	 
	9.4	 	If the Pledgee is changed due to any assignment, the new parties in connection with the
pledge shall conclude a new pledge agreement, and the Pledgor is responsible for completing
all relevant registration formalities.







	10.	 	Formality Costs and Other Fees







	10.1	 	Any costs and actual expenses in relation to this Agreement, inter alia, including but not
limited to legal fees, printing fees, stamp taxes, other taxes and fees, etc. shall be equally
shared by the Parties.







	11.	 	Force Majeure







	11.1	 	Where the performance of this Agreement is deferred or hindered by any force majeure events,
the Party affected by the force majeure shall not bear any liability under this Agreement for
the said deferred or hindered performance. The “force majeure events” refer to any events
which are beyond the Party’s reasonable control
and which are not avoidable even under the affected Party’s reasonable attention, including
but not limited to, governmental action, natural power, fire, blast, geographic variation,
storm, flood, earthquake, tide, lightening, war, etc. However, the inadequacy of the credit,
fund or financing shall be not deemed as the event which is beyond the Party’s reasonable
control. The Party who is affected by the force majeure events and seeks exemption from the
liabilities under this Agreement, shall notify the other Party of such event as leading to the
exclusion of liability and what measures it will take to complete its performance of this
Agreement.




 


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	11.2	 	The Party affected by the force majeure shall not bear any liability under this Agreement in
the duration affected by the force majeure; however, the Party who seeks exclusion of
liability may be exempted from such liability merely for its deferred or hindered performance
and provided that the affected Party has tried its best to perform this Agreement. Once the
event causing the exclusion of liability is corrected or rectified, the Parties agree to
recover the performance of this Agreement to the best of their abilities.







	12.	 	Applicable Law and Settlement of Dispute







	12.1	 	The execution, effectiveness, performance and interpretation of this Agreement as well
as the settlement of dispute shall be governed and interpreted by the PRC law.

	 
	12.2	 	If the Parties have any dispute over the interpretation and performance of any provisions
of this Agreement, the Parties shall seek to settle it through negotiations in good faith. If
the Parties fail to reach an agreement on the settlement, either Party may file such dispute
to Shanghai Branch of China International Economic and Trade Arbitration Commission for
arbitration in accordance with its then effective arbitral rules. The place of arbitration
shall be in Shanghai and the language shall be Chinese. The arbitral award shall be final and
binding on the Parties.

	 
	12.3	 	Except for the dispute issues between the Parties, the Parties shall continue to perform
their other obligations under this Agreement in good faith.







	13.	 	Notice







	13.1.	 	The notice issued by the Parties for exercising or performing the rights and obligations
under this Agreement shall be in writing and shall be delivered by courier, registered mail,
prepaid mail, or other acceptable courier service or by fax to the address (es) of counter
Party or both Parties.

	 
	 	 	Party A: Ku6 (Beijing) Technology Co., Ltd.

	 	 	Address: Building 6, Zhengtong Shidai Chuangyi Center, Xibahe Xili No.18, 

Chaoyang District, Beijing

Post Code: 100020

	 
	 	 	Party B: Dongxu Wang

ID Number: 310226751124032

	 	 	Address: Room 301, No. 1025-6, Shangcheng Road, Pudong District, Shanghai







	13.2.	 	The notice and the letter shall be deemed as served under the following situations:




 


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	 	13.2.1.	 	If by fax, it shall be deemed served on the date displayed on the fax; however, if
the fax is delivered after 5 pm or in the weekends of the destination place, it shall
be deemed served on the working day following the displayed date on the fax.

	 
	 	13.2.2.	 	If by courier (including EMS), it shall be deemed served on the receiving date with
the receiver’s signature.

	 
	 	13.2.3.	 	If by registered mail, it shall be deemed served on the 15th day after the
date written on the return receipt.







	14.	 	Annex






The annex of this Agreement shall be integral part of this Agreement.




	15.	 	Waiver

	 
	 	 	Party A’s failure or delay to exercise or carry out any rights, remedies, powers or
privileges shall not be deemed as Party A’s waiver of such rights, remedies, powers or
privileges. Party A’s exercising of single or part of any rights, remedies, powers or
privileges shall not preclude Party A’s exercising of other rights, remedies, powers or
privileges. The rights, remedies, powers and privileges under this Agreement are
cumulative, which shall not impede Party A from exercising any other rights, remedies,
powers and privileges endowed by any applicable laws.

	 
	16.	 	Miscellaneous







	16.1	 	Any amendment, supplement or modification to this Agreement shall be in writing and shall
come into effect after being signed and stamped (if applicable) by the Parties.

	 
	16.2	 	The Parties hereby confirm that this Agreement is a fair and reasonable agreement concluded
and reached by the Parties based on equality and mutual benefits. If any provision of this
Agreement becomes invalid or unenforceable due to its inconsistence with the applicable laws,
then such provision shall be invalid or unenforceable within the jurisdiction of such
applicable laws and shall not impair the effectiveness of other provisions of this Agreement.

	 
	16.3	 	Party B covenants that, under whatever change to the equity proportion of the Company, this
Agreement shall be legally binding on Party B and shall be applicable to all the equity
interests hold by Party B in the Company by then.

	 
	16.4	 	This Agreement is written in Chinese in three copies.




 


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[Signature Page of the Equity Pledge Agreement]




Party A: Ku6 (Beijing) Technology Co., Ltd.



Legal Representative/Authorized Representative:                    




Position:




Date: 5 August 2010




Party B: Dongxu Wang




Date: 5 August 2010





 


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