Exhibit 4.48





Exhibit 4.48




Version of 2010




Shanghai Branch of China Merchants Bank Stock Limited Company




Loan Agreement on the Entrusted Loan




 


 









 







Loan Agreement on the Entrusted Loan




Serial No. [     ]




Lender (“Party A”):



Shanghai Dongfang Branch of China Merchants Bank Stock Limited Company



Address: Dongfang Road 902, Shanghai



The Principal:



Borrower: Ku6 (Beijing) Information Technology Co., Ltd.



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



Legal Representative: Shanyou Li



Party A accepts to be entrusted by Shanghai Shulong Technology Co., Ltd. (“the Principal”) to
disburse an entrusted loan, equal to RMB                      to Party B. According to the “Commission
Contract on Entrusted Loan Agreement” (Serial No. [     ]) and the “Notification on Entrusted Loan”
issued by the Principal on [date], through friendly negotiation, Party A and Party B the Parties
herein conclude this Agreement in accordance with relevant national laws:




	1.	 	Currency Type, Item, Type, Amount, Purpose, Interest Rate and Term of the Loan as prescribed
below:






Currency Type: RMB



Item: Entrusted Loan



Type: (1) Fixed Asset Loan (2) Working Capital Loan



Amount: Forty-three Million (43,000,000.00)



Purpose: Business Operation



Interest Rate: 6.31 %



Loan Term: Twelve months (the commencement and expiration dates shall refer to
what is recorded in the loan note)


 


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	2.	 	Before Party B withdraws the loan, it shall file a loan withdrawal plan for the said
purpose to Party A and shall withdraw the loan according to such plan. The withdrawal
formality shall be completed by Party B 1 working day before the loan disbursement.







	3.	 	Party B guarantees to use the following funds to repay and pay all the loan principal and
interest under this Agreement:







	 	(1)	 	[     ];

	 
	 	(2)	 	[     ];

	 
	 	(3)	 	[     ].







	4.	 	Party B shall repay or pay all the principal and interest according to the repayment schedule
as provided in this Agreement. If Party B wishes to prepay the loan, it shall discuss with
the Principal and handle relevant formalities after Party A receives the prepayment notice
from the Principal.

	 
	5.	 	Interest

	 
	 	 	The interest of the loan under this Agreement based on the interest rate which is determined by
the principal, shall be accrued from the date when Party A disburses the loan according to the
number of the actual days of using the loan on a monthly basis. The value date shall be the [     ] working day of each [     ].

	 
	 	 	Where the national statutory loan rate is adjusted or the Principal requires adjusting the
interest rate within the effective term of this Agreement, upon the written consents of the
Principal and Party B, Party A may adjust the interest rate under this Agreement according to
the interest rate adjustment of the state or the Principal’s written instruction. The interest
shall be accrued according to the new interest rate as of the adjustment date.

	 
	6.	 	Under the “Notification on Entrusted Loan” issued by Party A, if the Principal requires Party
B (or a designated third party) to provide guarantee for the loan under this Agreement, Party
B or the designated third party shall provide such guarantee as required by the Principal.
Party A and Party B (or the third guarantor) shall conclude and sign a guarantee agreement as
an accessory agreement to this Agreement.




 


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	 	 	If the Principal requires the provision of relevant guarantee, before the guarantee is put into
practice, Party A is entitled to refuse disbursing the loan to Party B.

	 
	7.	 	During the effective term of this Agreement, Party A is entitled to supervise the loan usage
status and Party B shall faithfully provide relevant information and documents according to
Party A’s requirement.

	 
	8.	 	Modification and Termination of this Agreement

	 
	 	 	After this Agreement comes into effect, where Party A or Party B wishes to modify or terminate
this Agreement, the Parties shall discuss with each other and obtain the consent of the
Principal. Party A, Party B and the Principal shall reach a written agreement to modify or
terminate this Agreement.

	 
	9.	 	Default Liability







	 	(1)	 	If Party A breaches this Agreement and fails to disburse the loan according to the
time schedule and amount as agreed with Party B, Party A shall pay a liquidated damages to
Party B at 0.0[ ] % of the amount in default per day based on the number of the days of
default, except under the second paragraph of Article 6 or Article 9 (2) of this
Agreement.

	 
	 	(2)	 	If Party B fails to use the loan for the purpose provided herein, Party A is entitled
to suspend the loan disbursement, to accelerate the maturity of all or part of the
disbursed loan, and to charge a penalty interest at the rate of 1% higher than the
original interest rate for the misappropriated loan.

	 
	 	(3)	 	If Party B fails to repay or pay the principal or interest according the agreed
schedule in this Agreement, for the overdue loan, Party A is entitled to charge a penalty
interest at the rate of 1% higher than the original interest rate based on the actual
overdue days.

	 
	 	(4)	 	If Party B prepay the loan without getting any approval and Party A does not receive
any prepayment notice from the Principal, Party A is entitled to require Party B to pay a
liquidated damages at the rate of 0.0[     ] % of the prepaid amount per day according to the
number of the days which the loan is repaid in
advance of the due date, except under Article 9 (2) and (5) of this Agreement.




 


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	 	(5)	 	During the effective term of this Agreement, Party A is entitled to require the
prepayment of the principal and interest as well as other related fees in relation to the
entrusted loan according to the requirement of Party A under the following circumstances:
(1) Party B breaches any of its obligations under this Agreement; (2) Party B suffers a
substantial deterioration in its business operation; (3) the guarantor suffers a
substantial deterioration in its business operation; (4) the mortgaged property damages,
destroys or losses, or the value of the pledged property substantially depreciates or
derogates, which endangering the safety of the loan; (5) other situations under which
Party A is entitled to require the prepayment of the loan according to the applicable
laws, regulations and financial rules.







	10.	 	Any notice or requirement in relation to this Agreement shall be delivered in writing by
Party A and Party B. If it is delivered by courier, then it shall be deemed served after the
recipient signs on it; if by postal mail, then it shall be deemed served 7 days after it is
sent; if by fax, then it shall be deemed served after the recipient’s fax system receives the
fax.

	 
	 	 	Party A’s contact method: Dongfang Road 902, Shanghai

	 
	 	 	Party B’s contact method: Building 6, Zhengtong Shidai Chuangyi Center, Xibahe Xili No.18, Chaoyang
District, Beijing











	 	 	If there is any change to one Party’s contact method, the Party shall timely notify the other
Party of such change, otherwise, the Party failing to notify the change shall bear all the
possible losses arising therefrom on its own.

	 
	11.	 	Dispute Settlement

	 
	 	 	If there is any dispute arising from the performance of this Agreement, the Parties shall first
settle it through friendly negotiation. If the Parties fail to reach an agreement on the
dispute settlement, either Party may resort to Option [     ] (alternative option) as below for the
settlement:




 


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	 	(1)	 	File a lawsuit to the people’s court where [Party B] is located;

	 
	 	(2)	 	Submit the dispute to                      Arbitration Committee for arbitration.







	12.	 	The Parties may negotiation further to conclude and sign a supplementary agreement on the
issues which are not covered in this Agreement.

	 
	13.	 	This Agreement shall come into effect after it is signed and stamped by the authorized
representatives of Party A and Party B, and shall be terminated after all the principal and
interest as well as other related fees under this Agreement are fully paid off.

	 
	14.	 	This Agreement has three original copies, for Party A, Party B and the Principal each to hold
one copy.




 


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All the provisions of this Agreement have been fully discussed by the Parties. The Bank has
already specifically remind relevant parties of any liability exemption or restriction on the
Bank, of any rights the Bank is unilaterally entitled to, and of any liability increase or right
limitation on other relevant parties, to which, the Bank has already make a full and accurate
interpretation. Upon other relevant parties’ requirements, the Bank has already made relevant
explanations to the said provisions and the parties to this Agreement have consistent
comprehension to all the provisions of this Agreement.



Party A (Company Seal):

The Principal or the Authorized Representative (Signature/Stamp):




Party B (Company Seal):

The Principal or the Authorized Representative (Signature/Stamp):




Execution Date: [June 16, 2011]





 


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