Document:

Form of Indemnification Agreement with the Registrant's directors

 Exhibit 10.2 
 INDEMNIFICATION AGREEMENT 
 This Indemnification Agreement (the “Agreement”) is entered
into as of                      by and between VisionChina Media Inc., a Cayman Islands company (the “Company”) and the
undersigned, a [director or officer] of the Company (“Indemnitee”). 
 RECITALS 
 1. The Company recognizes that highly competent persons are becoming more reluctant to serve corporations as directors or in other capacities unless they
are provided with adequate protection through insurance or adequate indemnification against risks of claims and actions against them arising out of their services to the corporation. 
 2. The Board of Directors of the Company (the “Board”) has determined that the inability to attract and retain highly competent persons to
serve the Company is detrimental to the best interests of the Company and its shareholders and that it is reasonable and necessary for the Company to provide adequate protection to such persons against risks of claims and actions against them
arising out of their services to the corporation. 
 3. The Company and Indemnitee do not regard the indemnities available under the
Company’s current memorandum and articles of association (the “Articles of Association”) as adequate to protect Indemnitee against the risks associated with his service to the Company. 
 4. The Company is willing to indemnify Indemnitee to the fullest extent permitted by applicable law, and Indemnitee is willing to serve and continue to
serve the Company on the condition that he be so indemnified. 
 AGREEMENT 
 In consideration of the premises and the covenants contained herein, the Company and Indemnitee do hereby covenant and agree as follows: 
 I. Definitions 
 The following terms shall have the
meanings defined below: 
 Disinterested Director means a director of the Company who is not and was not a party to the Proceeding in
respect of which indemnification is sought by Indemnitee. 
 Change in Control shall be deemed to have occurred if, on or after the
date of this Agreement, (i) any “person” (as such term is used in Sections 13(d) and 14(d) of the Securities Exchange Act of 1934, as amended (the “Exchange Act”)), other than (a) a trustee or other fiduciary holding
securities under an employee benefit plan of the Company acting in such capacity; (b) a corporation owned directly or indirectly by the shareholders of the Company in substantially the same proportions as their ownership of common shares of the
Company; or (c) any current beneficial shareholder or group, as defined by Rule 13d-5 of the Exchange Act, including the heirs, assigns and successors thereof, of beneficial ownership, within the meaning of Rule 13d-3 of the Exchange Act, of
securities possessing more than 50% of the total combined voting power of the Company’s outstanding securities; hereafter becomes the “beneficial owner” (as defined in Rule 13d-3 under the Exchange Act), directly or indirectly, of
securities of the Company 

 representing more than 20% of the total combined voting power represented by the Company’s then outstanding common
shares, (ii) during any period of two consecutive years, individuals who at the beginning of such period constitute the Board and any new director whose election by the Board or nomination for election by the Company’s shareholders was
approved by a vote of at least two thirds (2/3) of the directors then still in office who either were directors at the beginning of the period or whose election or nomination for election was previously so approved, cease for any reason to
constitute a majority thereof, or (iii) the shareholders of the Company approve a merger or consolidation of the Company with any other corporation other than a merger or consolidation which would result in the common shares of the Company
outstanding immediately prior thereto continuing to represent (either by remaining outstanding or by being converted into common shares of the surviving entity) at least 80% of the total voting power represented by the common shares of the Company
or such surviving entity outstanding immediately after such merger or consolidation, or the shareholders of the Company approve a plan of complete liquidation of the Company or an agreement for the sale or disposition by the Company of (in one
transaction or a series of related transactions) all or substantially all of the Company’s assets. 
 Expenses shall include
damages, judgments, fines, penalties, settlements and costs, attorneys’ fees and disbursements and costs of attachment or similar bond, investigations, liabilities, losses, taxes, any expenses paid or incurred in connection with investigating,
defending, being a witness in, participating in (including on appeal), or preparing for any of the foregoing in, any Proceeding, and any taxes, interests, assessments or other charges imposed as a result of the actual or deemed receipt of any
payments under this Agreement. 
 Indemnifiable Event means any event or occurrence that takes place either before or after the
execution of this Agreement, related to the fact that Indemnitee is or was a director or an officer of the Company, or is or was serving at the request of the Company as a director, officer, employee or agent of another corporation, partnership,
joint venture, trust or other entity, including services with respect to employee benefit plans, or was a director or officer of an entity that was a predecessor of the Company or another entity at the request of such predecessor entity, or related
to anything done or not done by Indemnitee in any such capacity. 
 Independent Counsel means a law firm, or a member of a law firm,
that is experienced in matters of corporation law and neither presently is, nor in the past five (5) years has been, retained to represent (i) the Company or Indemnitee in any matter material to either such party (other than with respect
to matters concerning the Indemnitee under this Agreement, or of other indemnitees under similar indemnification agreements), or (ii) any other party to the Proceeding giving rise to a claim for indemnification hereunder. Notwithstanding the
foregoing, the term “Independent Counsel” shall not include any person who, under the applicable standards of professional conduct then prevailing, would have a conflict of interest in representing either the Company or Indemnitee in an
action to determine Indemnitee’s rights under this Agreement. 
 Participant means a person who is a party to, or witness or
participant (including on appeal) in, a Proceeding. 
 Proceeding means any threatened, pending, or completed action, suit or
proceeding, or any inquiry, hearing or investigation, whether civil, criminal, administrative, investigative or other, including any appeal thereof, in which Indemnitee may be or may have been involved as a party or otherwise by reason of an
Indemnifiable Event, including, without limitation, any threatened, pending, or completed action, suit or proceeding by or in the right of the Company. 
  

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 Reviewing Party means (A) the Board by a majority vote of a quorum consisting of
Disinterested Directors, or (B) if a quorum of the Board consisting of Disinterested Directors is not obtainable or, even if obtainable, said Disinterested Directors so direct, Independent Counsel in a written opinion to the Board, a copy of
which shall be delivered to Indemnitee. 
 II. Agreement To Indemnify 
 1. General Agreement. In the event Indemnitee was, is, or becomes a Participant in, or is threatened to be made a Participant in, a Proceeding, the Company shall indemnify the Indemnitee from and against any
and all Expenses which Indemnitee incurs or becomes obligated to incur in connection with such Proceeding, to the fullest extent permitted by applicable law. 
 2. Partial Indemnification. If Indemnitee is entitled under any provision of this Agreement to indemnification by the Company for a portion of Expenses, but not for the total amount of Expenses, the Company
shall indemnify the Indemnitee for the portion of such Expenses to which Indemnitee is entitled. 
 3. Exclusions. Notwithstanding
anything in this Agreement to the contrary, Indemnitee shall not be entitled to indemnification under this Agreement: 
 (a) to the extent
that payment is actually made to Indemnitee under a valid, enforceable and collectible insurance policy; 
 (b) to the extent that Indemnitee
is indemnified and actually paid other than pursuant to this Agreement; 
 (c) in connection with any Proceeding initiated by Indemnitee
against the Company, any director or officer of the Company or any other party, and not by way of defense, unless (i) the Company has joined in or the Reviewing Party (as hereinafter defined) has consented to the initiation of such Proceeding;
or (ii) the Proceeding is one to enforce indemnification rights under this Agreement or any applicable law; 
 (d) for a disgorgement of
profits made from the purchase and sale by the Indemnitee of securities pursuant to Section 16(b) of the Exchange Act or similar provisions of any applicable U.S. state statutory law or common law; 
 (e) brought about by the dishonesty or fraud of the Indemnitee seeking payment hereunder; provided, however, that the Indemnitee shall be protected under
this Agreement as to any claims upon which suit may be brought against him by reason of any alleged dishonesty on his part, unless a judgment or other final adjudication thereof adverse to the Indemnitee establishes that he committed (i) acts
of active and deliberate dishonesty, (ii) with actual dishonest purpose and intent, and (iii) which acts were material to the cause of action so adjudicated; 
 (f) for any judgment, fine or penalty which the Company is prohibited by applicable law from paying as indemnity; 
  

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 (g) arising out of Indemnitee’s personal tax matter; or 
 (h) arising out of Indemnitee’s breach of an employment agreement with the Company (if any) or any other agreement with the Company or any of its
subsidiaries. 
 4. No Employment Rights. Nothing in this Agreement is intended to create in Indemnitee any right to continued
employment with the Company. 
 5. Contribution. If the indemnification provided in this Agreement is unavailable and may not be paid
to Indemnitee for any reason other than those set forth in Section II. 3, then the Company shall contribute to the amount of Expenses paid in settlement actually and reasonably incurred and paid or payable by Indemnitee in such proportion as is
appropriate to reflect (i) the relative benefits received by the Company on the one hand and by the Indemnitee on the other hand from the transaction from which such Proceeding arose, and (ii) the relative fault of the Company on the one
hand and of the Indemnitee on the other hand in connection with the events which resulted in such Expenses, as well as any other relevant equitable considerations. The relative fault of the Company on the one hand and of the Indemnitee on the other
hand shall be determined by reference to, among other things, the parties’ relative intent, knowledge, access to information and opportunity to correct or prevent the circumstances resulting in such Expenses, judgments, fines or settlement
amounts. The Company agrees that it would not be just and equitable if contribution pursuant to this Section II. 5 were determined by pro rata allocation or any other method of allocation which does not take account of the foregoing equitable
considerations. 
 III. Indemnification Process 
 1. Notice and Cooperation By Indemnitee. Indemnitee shall give the Company notice in writing as soon as practicable of any claim made against Indemnitee for which indemnification will or could be sought under this Agreement. Notice
to the Company shall be given in accordance with Section VI.7 below. In addition, Indemnitee shall give the Company such information and cooperation as the Company may reasonably request. 
 2. Indemnification Payment. 
 (a)
Advancement of Expenses. Indemnitee may submit a written request with reasonable particulars to the Company requesting that the Company advance to Indemnitee all Expenses that may be reasonably incurred in advance by Indemnitee in connection
with a Proceeding. The Company shall, within ten (10) business days of receiving such a written request by Indemnitee, advance all requested Expenses to Indemnitee. Any excess of the advanced Expenses over the actual Expenses will be repaid to
the Company. 
 (b) Reimbursement of Expenses. To the extent Indemnitee has not requested any advanced payment of Expenses from the
Company, Indemnitee shall be entitled to receive reimbursement for the Expenses incurred in connection with a Proceeding from the Company as soon as practicable after Indemnitee makes a written request to the Company for reimbursement. 

(c) Determination by the Reviewing Party. Notwithstanding the foregoing, (i) the obligations of the Company under Section II.1 shall be
subject to the condition that the Reviewing Party shall not have determined (in a written opinion, in any case 

  

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in which the Independent Counsel referred to in Section III.2(e) hereof is involved) that Indemnitee would not be permitted to be indemnified under
applicable law or the Company’s Articles of Association, and (ii) the obligation of the Company to make an advance payment of Expenses to Indemnitee pursuant to Section III. 2(a) shall be subject to the condition that, if, when and to the
extent that the Reviewing Party determines that Indemnitee would not be permitted to be so indemnified under applicable law or the Company’s Articles of Association, the Company shall be entitled to be reimbursed by Indemnitee (who hereby
agrees to reimburse the Company) for all such amounts theretofore paid; provided, however, that if Indemnitee has commenced or thereafter commences legal proceedings in a court of competent jurisdiction to secure a determination that Indemnitee
should be indemnified under applicable law, any determination made by the Reviewing Party that Indemnitee would not be permitted to be indemnified under applicable law shall not be binding and Indemnitee shall not be required to reimburse the
Company for any advanced Expenses until a final judicial determination is made with respect thereto (as to which all rights of appeal therefrom have been exhausted or lapsed). The Indemnitee’s obligation to reimburse the Company for any
advanced Expenses shall be unsecured and no interest shall be charged thereon. If there has not been a Change in Control, the Reviewing Party shall be selected by the Board, and if there has been such a Change in Control (other than a Change in
Control which has been approved by a majority of the Company’s Board who were directors immediately prior to such Change in Control), the Reviewing Party shall be the Independent Counsel referred to in Section III.2(e) hereof. 
 (d) Enforcement of Indemnification Rights. If there has been no determination by the Reviewing Party or if the Reviewing Party determines that
Indemnitee substantively would not be permitted to be indemnified in whole or in part under applicable law, or if Indemnitee has not otherwise been paid in full within 30 days after a written demand has been received by the Company, Indemnitee shall
have the right to commence litigation in any court having subject matter jurisdiction thereof and in which venue is proper to recover the unpaid amount of the demand (an “Enforcement Proceeding”) and, if successful in whole or in part,
Indemnitee shall be entitled to be paid any and all Expenses in connection with such Enforcement Proceeding. The Company hereby consents to service of process and to appear in any such proceeding. 
 (e) Change in Control. The Company agrees that if there is a Change in Control of the Company (other than a Change in Control which has been
approved by a majority of the Company’s Board who were directors immediately prior to such Change in Control) then, with respect to all matters thereafter arising concerning the rights of Indemnitees to payments of Expenses under this Agreement
or any other agreement or under the Company’s Articles of Association as now or hereafter in effect, Independent Counsel shall be selected by the Indemnitee and approved by the Company (which approval shall not be unreasonably withheld). Such
counsel, among other things, shall render its written opinion to the Company and Indemnitee as to whether and to what extent Indemnitee would be permitted to be indemnified under applicable law, and the Company agrees to abide by such opinion. The
Company agrees to pay the reasonable fees of the Independent Counsel referred to above and to fully indemnify such counsel against any and all expenses (including attorneys’ fees), claims, liabilities and damages arising out of or relating to
this Agreement or its engagement pursuant hereto. 
 3. Assumption of Defense. In the event the Company is obligated under this
Agreement to advance or bear any Expenses for any Proceeding against Indemnitee, the Company shall be entitled to assume the defense of such Proceeding, with counsel approved 
  

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 by Indemnitee, upon delivery to Indemnitee of written notice of its election to do so. After delivery of such notice,
approval of such counsel by Indemnitee in writing and the retention of such counsel by the Company, the Company will not be liable to Indemnitee under this Agreement for any fees of counsel subsequently incurred by Indemnitee with respect to the
same Proceeding, unless (i) the employment of counsel by Indemnitee has been previously authorized by the Company, (ii) Indemnitee shall have reasonably concluded that, based on written advice of counsel, there may be a conflict of
interest of such counsel retained by the Company between the Company and Indemnitee in the conduct of any such defense, or that counsel selected by the Company may not be adequately representing Indemnitee, or (iii) the Company ceases or
terminates the employment of such counsel with respect to the defense of such Proceeding, in any of which events the fees and expenses of Indemnitee’s counsel shall be at the expense of the Company. At all times, Indemnitee shall have the right
to employ counsel in any Proceeding at Indemnitee’s expense. 
 4. Defense to Indemnification, Burden of Proof and Presumptions.
It shall be a defense to any action brought by Indemnitee against the Company to enforce this Agreement that it is not permissible under this Agreement or applicable law for the Company to indemnify the Indemnitee for the amount claimed. In
connection with any such action or any determination by the Reviewing Party or otherwise as to whether Indemnitee is entitled to be indemnified under this Agreement, the burden of proving such a defense or determination shall be on the Company.
Neither the failure of the Reviewing Party or the Company to have made a determination prior to the commencement of such action by Indemnitee that indemnification is proper under the circumstances because Indemnitee has met the standard of conduct
set forth in applicable law, nor an actual determination by the Reviewing Party or the Company that Indemnitee had not met such applicable standard of conduct shall be a defense to the action or create a presumption that Indemnitee has not met the
applicable standard of conduct. 
 5. No Settlement Without Consent. Neither party to this Agreement shall settle any Proceeding in
any manner that would impose any damage, loss, penalty or limitation on Indemnitee without the other party’s written consent. Neither the Company nor Indemnitee shall unreasonably withhold its consent to any proposed settlement. 
 6. Company Participation. Subject to Section II.5, the Company shall not be liable to indemnify the Indemnitee under this Agreement with regard to
any judicial action if the Company was not given a reasonable and timely opportunity, at its expense, to participate in the defense, conduct and/or settlement of such action. 
 IV. Director and Officer Liability Insurance 
 1. Liability Insurance. The Company shall obtain
and maintain a policy or policies of insurance with reputable insurance companies providing the officers and directors of the Company with coverage for losses incurred in connection with their services to the Company or to ensure the Company’s
performance of its indemnification obligations under this Agreement. To the extent the Company determines that it is no longer practicable for the Company to maintain such insurances, it shall notify promptly its directors and officers before it
terminates such insurances and such termination must be approved by the majority of the Company’s directors. 
  

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 2. Coverage of Indemnitee. To the extent the Company maintains an insurance policy or policies
providing directors’ and officers’ liability insurance, Indemnitee shall be covered by such policy or policies, in accordance with its or their terms, to the maximum extent of the coverage available for any of the Company’s directors
or officers. 
 3. No Obligation. Notwithstanding the foregoing, the Company shall have no obligation to obtain or maintain any
director and officer insurance policy if a majority of the Company’s directors determines in good faith that such insurance is not reasonably available in the case that (i) premium costs for such insurance are disproportionate to the
amount of coverage provided, (ii) the coverage provided by such insurance is limited by exclusions so as to provide an insufficient benefit, or (iii) Indemnitee is covered by similar insurance maintained by a parent or subsidiary of the
Company. 
 V. Non-Exclusivity; Federal Preemption; Term 
 1. Non-Exclusivity. The indemnification provided by this Agreement shall not be deemed exclusive of any rights to which Indemnitee may be entitled under the Articles of Association, any vote of shareholders or
directors, applicable law or any written agreement between Indemnitee and the Company (including its subsidiaries and affiliates). The indemnification provided under this Agreement shall continue to be available to Indemnitee for any action taken or
not taken while serving in an indemnified capacity even though he may have ceased to serve in any such capacity at the time of any Proceeding. 
 2. Federal Preemption. Notwithstanding the foregoing, both the Company and Indemnitee acknowledge that in certain instances, U.S. federal law or public policy may override applicable law and prohibit the Company from indemnifying its
directors and officers under this Agreement or otherwise. Such instances include, but are not limited to, the U.S. Securities and Exchange Commission’s prohibition on indemnification for liabilities arising under certain U.S. federal securities
laws. Indemnitee understands and acknowledges that the Company has undertaken or may be required in the future to undertake with the SEC to submit the question of indemnification to a court in certain circumstances for a determination of the
Company’s right under public policy to indemnify Indemnitee. 
 3. Duration of Agreement. All agreements and obligations of the
Company contained herein shall continue during the period Indemnitee is an officer and/or a director of the Company (or is or was serving at the request of the Company as a director, officer, employee or agent of another corporation, partnership,
joint venture, trust or other enterprise) and shall continue thereafter so long as Indemnitee shall be subject to any Proceeding by reason of his former or current capacity at the Company or any other enterprise, including service with respect to
employee benefit plans) at the Company’s request, whether or not he is acting or serving in any such capacity at the time any Expense is incurred for which indemnification can be provided under this Agreement. This Agreement shall continue in
effect regardless of whether Indemnitee continues to serve as an officer and/or a director of the Company or any other enterprise at the Company’s request. 
 VI. Miscellaneous 
 1. Amendment of this Agreement. No supplement, modification, or amendment of this Agreement shall
be binding unless executed in writing by the parties hereto. No waiver of any of the provisions of this Agreement shall operate as a waiver of any other provisions (whether or not similar), nor shall such waiver constitute a continuing waiver.
Except as specifically provided in this Agreement, no failure to exercise or any delay in exercising any right or remedy shall constitute a waiver. 
  

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 2. Subrogation. In the event of payment to Indemnitee by the Company under this Agreement, the
Company shall be subrogated to the extent of such payment to all of the rights of recovery of Indemnitee, who shall execute all papers required and shall do everything that may be necessary to secure such rights, including the execution of such
documents necessary to enable the Company to bring suit to enforce such rights. 
 3. Assignment; Binding Effect. Neither this
Agreement nor any of the rights or obligations hereunder may be assigned by either party hereto without the prior written consent of the other party; except that the Company may, without such consent, assign all such rights and obligations to a
successor in interest to the Company which assumes all obligations of the Company under this Agreement in a written agreement in form and substance satisfactory to Indemnitee. Notwithstanding the foregoing, this Agreement shall be binding upon and
inure to the benefit of and be enforceable by and against the parties hereto and the Company’s successors (including any direct or indirect successor by purchase, merger, consolidation, or otherwise to all or substantially all of the business
and/or assets of the Company) and assigns, as well as Indemnitee’s spouses, heirs, and personal and legal representatives. 
 4.
Severability and Construction. Nothing in this Agreement is intended to require or shall be construed as requiring the Company to do or fail to do any act in violation of applicable law. The Company’s inability, pursuant to a court
order, to perform its obligations under this Agreement shall not constitute a breach of this Agreement. In addition, if any portion of this Agreement shall be held by a court of competent jurisdiction to be invalid, void, or otherwise unenforceable,
the remaining provisions shall remain enforceable to the fullest extent permitted by applicable law. The parties hereto acknowledge that they each have opportunities to have their respective counsels review this Agreement. Accordingly, this
Agreement shall be deemed to be the product of both of the parties hereto, and no ambiguity shall be construed in favor of or against either of the parties hereto. 
 5. Counterparts. This Agreement may be executed in two counterparts, both of which taken together shall constitute one instrument. 
 6. Governing Law. This agreement and all acts and transactions pursuant hereto and the rights and obligations of the parties hereto shall be governed, construed and interpreted in accordance with the laws of
the State of New York, U.S.A., without giving effect to conflicts of law provisions thereof. 
 7. Notices. All notices, demands, and
other communications required or permitted under this Agreement shall be made in writing and shall be deemed to have been duly given if delivered by hand, against receipt, on the date of delivery, or mailed, on the third business day after mailing,
postage prepaid, certified or registered mail, return receipt requested, and addressed to the Company at: 
 VisionChina Media Inc.

 1/F Black No.7 Champs Elysees 
 Nongyuan Road, Futian District 
 Shenzhen 518040 
 People’s Republic of China 
  

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 and to Indemnitee at: 
 [Name] 
 [Address] 
 [Address] 
 [Address] 
 Notice of change of address shall be effective only when done in accordance with this Section. 
 8.
Certain Relationships. The obligations and rights created under this Agreement shall not be affected by any amendment to the Company’s Articles of Association or any other agreement or instrument to which Indemnitee is not a party, and
shall not diminish any other rights which Indemnitee now or in the future has against the Company or any other person or entity. 
 9.
Acknowledgment. The Company expressly acknowledges that it has entered into this Agreement and assumed the obligations imposed on the Company under this Agreement in order to induce Indemnitee to serve or to continue to serve as a director or
officer and acknowledges that Indemnitee is relying on this Agreement in serving or continuing to serve in such capacity. The Company further agrees to stipulate in any court proceeding that the Company is bound by all of the provisions of this
Agreement. 
 10. Period of Limitations. No legal action shall be brought and no cause of action shall be asserted by or in the right
of the Company against Indemnitee, or Indemnitee’s estate, heirs, executors, administrators or personal or legal representatives after the expiration of two years from the date of accrual of such cause of action, and any claim or cause of
action of the Company shall be extinguished and deemed released unless asserted by the timely filing of a legal action within such two-year period; provided, however, that if any shorter period of limitations is otherwise applicable to any such
cause of action, such shorter period shall govern. 
 11. Entire Agreement. This Agreement constitutes the entire agreement and
supersedes all prior agreements and understandings, both written and oral, between the parties with respect to the subject matter hereof. 
 (Signature page follows) 
  

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 IN WITNESS WHEREOF, the parties hereto execute this Agreement as of the date first written above. 
  

			
	COMPANY	 	
	
	VISIONCHINA MEDIA INC.
	
	  

	Name:	 	
	Title:	 	
	
	[INDEMNITEE]
	
	  

	Name:Translation of Loan Agreement dated February 15, 2007

 Exhibit 10.3 
 Loan Agreement 
 This Loan Agreement (“this Agreement”) is executed by and among the following parties as
of February 15, 2007, in Shenzhen, the People’s Republic of China (“PRC”, excluding for the purpose of this Agreement, the special administrative regions of Hong Kong, Macau and Taiwan): 
 (1) China Digital Technology Consulting (Shenzhen) Co., Ltd. (“Party A”), with a registered office at Room 201, Block 6, Champs Elysees Garden, Nongyuan Road,
Futian District, Shenzhen; 
 (2) Li Limin (“Party B”), a PRC citizen with ID Number 440301610103081 and residence at Room 403, Electronic
Technology Tower, Middle Shennan Road, Shenzhen, Guangdong Province; 
 (3) Liang Yanqing (“Party C”), a PRC citizen with ID Number
230102197203296124 and residence at Room 28-806, Zhongxin Street, Shahe, Shenzhen, Guangdong Province; 
 WHEREAS: 
  

	 	1.	Party A is a wholly foreign owned enterprise established under the laws of the PRC with the registration number of its business license Qi Du Yue Shen Zong Zi 317806.

  

	 	2.	Party B and Party C are both PRC citizens. Party B holds 70% equity interest of China Digital Mobile Television Co., Ltd. (“CDMTV”) and Party C holds 30% equity interest
of CDMTV. 

  

	 	3.	On March 31, 2006, Party A, B and C (collectively the “Parties”) entered into an Option Agreement (“2006 Option Agreement”), by which Party B and Party C
shall transfer 100% equity interest of CDMTV owned by them to Party A, if the transfer is permitted by PRC laws and regulations at that time. 

  

	 	4.	On February 15, 2007, the Parties entered into another Option Agreement (“2007 Option Agreement”). According to the 2007 Option Agreement, the 2007 Option Agreement
supersedes all the rights and obligations in the 2006 Option Agreement. 

	 	5.	The 2006 Option Agreement terminates on the date when the 2007 Option Agreement comes into force. 

  

	 	6.	Party A is willing to lend and Party B and Party C are willing to borrow a loan to fund the operating capital requirements of CDMTV pursuant to the conditions and terms of this
Agreement. 

  

	 	7.	On March 31, 2006, the Parties entered into a Loan Agreement (“2006 Loan Agreement”) and an Equity Pledge Agreement (“2006 Equity Pledge Agreement”), in
which Party A provides Party B and Party C with a loan of RMB 50,000,000 and Party B and Party C shall pledge their 100% equity interest in CDMTV as security for the loan. 

  

	 	8.	Since the 2006 Loan Agreement is not actually performed, the Parties agree that this Agreement shall supersede all the rights and obligations of the 2006 Loan Agreement. 2006 Loan
Agreement terminates on the execution date of this Agreement. 

 After negotiation, the Parties agree to the following: 

 Chapter 1 Loan 
  

	1.	Purpose 

 Party B and Party C shall pay the increase
of the capital contribution of CDMTV with the loan provided under this Agreement and shall not use it for any other purposes without Party A’s prior written consent. 
  

	2.	Amount 

 The amount of the loan shall be RMB
50,000,000. 
  

	3.	Term 

 The term of the loan shall commence on the
execution date of this Agreement and expire on the date on which Party B and Party C repay the loan pursuant to Article 9 of this Agreement. 
  

	4.	Prior to disbursement of the loan, the following conditions shall be satisfied: 

  

	4.1	Pursuant to Article 5.1, Party A receives written notice from Party B and/or Party C requesting the loan. 

  

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	4.2	The Parties enter into an Equity Pledge Agreement (“2007 Equity Pledge Agreement”) at the same time as this Agreement, providing that the 2007 Equity Pledge Agreement
supersedes all the rights and obligations of the 2006 Equity Pledge Agreement and the 2006 Equity Pledge Agreement terminates on the execution date of the 2007 Equity Pledge Agreement. According to the 2007 Equity Pledge Agreement, Party B and Party
C agree to pledge all their equity interest in CDMTV and all rights related to Party A as the security for the loan. 

  

	4.3	The Parties enter into the 2007 Option Agreement, according to which Party B and Party C shall grant Party A with an irrevocable option to purchase all their equity interest in
CDMTV and all related rights and interests, provided that the conditions and terms of the Option Agreement are satisfied. 

  

	4.4	The 2007 Equity Pledge Agreement and the 2007 Option Agreement shall be valid. None of the terms and conditions of the aforesaid two agreements shall be violated or breached by any
party. All the approvals, consents, grants and registrations required by the aforesaid two agreements shall have been obtained or completed. The amendments or modifications to the aforesaid agreements, if any, shall have been agreed to by the
Parties hereto. 

  

	4.5	On the date when notice of releasing loan is delivered to Party A or when the loan is delivered to Party B and Party C, the representations and warranties under Chapter 3 shall
remain true and accurate. 

  

	4.6	Party B and Party C do not materially breach or violate the terms and conditions under this Agreement. 

  

	5.	Release 

  

	5.1	Upon the execution of this Agreement, Party B and Party C shall have the right of giving notice of releasing the loan to Party A for the total amount or give notices from time to
time to request the releasing of the loan in installments according to CDMTV’s management needs. 

  

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	5.2	Upon receiving notice that the loan has been released, Party A shall remit the loan required in the notice to the bank account designated by Party B and Party C within 3 banking
days in accordance with laws and regulations and fax the document of remittance to Party B and Party C. 

  

	5.3	Party B and Party C shall fax to Party A the notice of receiving the loan or other written notice issued by the bank testifying that the loan has been received, after receiving such
notice. 

 Chapter 2 Interest Rate 
  

	6.	For the purpose of supporting CDMTV’s management and facilitating the development of Party A’s equipment sales and purchases, the interest rate shall be zero (0%).

 Chapter 3 Representations and Warranties 
  

	7.	Party A hereby makes the following representations and warranties to Party B and Party C: 

  

	7.1	Party A is a wholly foreign owned enterprise established under the laws of the PRC. 

  

	7.2	Party A has full right, power and all necessary approval and authorization to execute and perform this Agreement pursuant to its articles of association and other documents.

  

	7.3	The execution or the performance of this Agreement will not result in its violation of any legal provisions or limits or any contractual limits to Party A. 

 

	7.4	This Agreement constitutes Party A’s legal, valid and binding obligations that are enforceable in accordance with its terms after becoming effective. 

 

	8.	Party B and Party C hereby make the following representations and warranties to Party A: 

  

	8.1	CDMTV is a limited liability company established and existing under the laws of the PRC and Party B and Party C respectively hold 70% and 30% equity interest in CDMTV.

  

	8.2	Party B and Party C will not transfer or mortgage their equity interest in CDMTV to any third party without Party A’s prior written consent. 

  

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	8.3	Party B and Party C have full right, power and all necessary approval and authorization to execute and perform this Agreement. 

  

	8.4	The execution or the performance of this Agreement will not result in their violation of any legal provisions or limits or any contractual limits to Party B and Party C.

  

	8.5	This Agreement shall constitute Party B’s and Party C’s legal, valid and binding obligations that are enforceable in accordance with its terms after becoming effective.

  

	8.6	Upon the execution of this agreement, there is no litigation, arbitration or administrative proceeding, current, pending or, to the knowledge of Party B and Party C, threatening,
which has or might, if adversely determined, have a material adverse effect on these two parties. 

 Chapter 4 Repayment 
  

	9.	Method of Repayment 

  

	9.1	The Parties agree and confirm that Party B and Party C will only take and Party A will only accept the following method of loan repayment: Party B and Party C shall transfer their
equity interest in CDMTV in accordance with the terms and conditions of 2007 Option Agreement to Party A pursuant to the requirement of its written notice and repay the loan under this Agreement with the transfer income, provided that such transfer
is permitted by PRC laws and regulations at that time. 

  

	9.2	The Parties agree and confirm that if the equity interest in CDMTV held by Party B and Party C is transferred to any third party with Party A’s prior consent, all the income
shall be repaid to Party A, whether the amount of the income exceeds the amount of loan or not. 

  

	9.3	The Parties agree and confirm that when the equity interest in CDMTV is transferred by Party B and Party C in accordance with the terms and conditions of 2007 Option Agreement, if
the actual transfer price exceeds the amount of the loan hereunder due to the requirement of the PRC laws and regulations at that time or any other reasons, the excess shall be deemed an occupying cost and paid to Party A along with the principal of
the loan, in accordance with any relevant laws. 

  

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	10.	Repayment in Advance 

 In the case that PRC laws and
regulations permit the equity transfer from Party B and Party C to Party A or any other party designated by Party A and the equity interest in CDMTV is transferred according to 2007 Option Agreement, Party B and Party C shall repay the loan, whether
or not the loan is mature. 
 Chapter 5 Guarantee 
  

	11.	Party B and Party C agree to pledge all the equity interest in CDMTV to Party A as the guarantee for the repayment obligations under this Agreement. Party A shall have the right to
dispose of the pledged equity interest according to the provisions of laws and regulations, in the event that Party B and Party C are not able to repay the loan on time. 

  

	12.	Party B and Party C undertake to repay the loan pursuant to Article 9 of this Agreement. 

  

	13.	Party A undertakes that it will not require Party B or Party C to repay the loan in advance and will release the pledge on the equity in CDMTV when Party B and Party C repay the
loan pursuant to Article 9 under this Agreement. 

 Chapter 6 Confidentiality 
  

	14.	Confidentiality 

 The Parties acknowledge and
confirm that any oral or written information exchanged among them with respect to this Agreement is confidential information. The Parties shall maintain the confidentiality of all such data and information. No Party shall disclose any relevant data
or information to any third party without the written consent of other parties, except in the following circumstances: (a) such data and information is or will be in the public domain (provided that this is not the result of a public disclosure
by the receiving party); (b) information or data disclosed as required by applicable laws or rules or regulations; or (c) information or data required to be disclosed by any Party to its legal counsel or financial advisor and such legal
counsel or financial advisor are also bound by confidentiality duties similar to the duties in this section. Disclosure of any confidential information or data by such legal counsel or financial advisor shall be deemed disclosure of such
confidential information or data by such Party, which shall be held liable for breach of this Agreement. 
  

 6 

 Chapter 7 Default and Damage 
  

	15.	During the period of validity, the following events shall be deemed an event of default by Party A: 

  

	15.1	Party A disposes of the pledged equity interest without Party B’s or Party C’s consent; 

  

	15.2	Party A does not remit the loan to the bank account designated by Party B and Party C within 10 banking days after receiving the notice of releasing loan from Party B and Party C;

  

	15.3	Party A requires Party B and Party C to repay the loan in advance, without the consent of Party B and Party C, except for the repayment in advance according to Article 10 of this
Agreement. 

  

	16.	During the period of validity, the following events of Party B and Party C shall be deemed as events of default by Party B and Party C: 

  

	16.1	Party B and Party C dispose of the pledged equity interest without Party A’s consent; 

  

	16.2	Party B and Party C do not repay the loan pursuant to Article 9 under this Agreement upon expiration. 

  

	17.	Termination and Damage 

 Any breach of any provision
of this Agreement shall be deemed to be an event of default; in that case, the defaulting Party shall compensate the non-defaulting Party fully and adequately. The non-defaulting Party shall have the right to determine whether to execute or
terminate this Agreement. 
  

	18.	Dispute Resolution 

 In the event a dispute arises
from the performance of this Agreement, the Parties shall first attempt to resolve such dispute through consultation. In the event that such dispute is not resolved through consultation, any Party may submit the dispute to the court that has
jurisdiction over the dispute. 
  

	19.	This Agreement and all the rights and obligations of this Agreement shall be governed by and construed in accordance with the laws of the PRC. 

  

	20.	If any provision of this Agreement is held to be invalid or unenforceable, then such provision shall not affect the validity or enforceability of other provisions hereof.

  

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	21.	The Parties agree that this Agreement supersedes all the rights and obligations in 2006 Loan Agreement and the 2006 Loan Agreement terminates on the execution date of 2007 Loan
Agreement. 

  

	22.	There exist six originals of this Agreement. Each party shall hold one original. Other originals shall be kept as backups. 

  

									
	[	 	No	  	Text	  	Below	  	]

  

 8 

 [Execution Page] 
 Party A: China Digital Technology Consulting (Shenzhen) Co., Ltd. (Company Seal) 
 /s/ China Digital
Technology Consulting (Shenzhen) Co., Ltd. 
 Legal Representative or Authorized Representative (Signature): 
  

					
	Party B:	 	 /s/ Li Limin
	 	(Signature)
		 	Li Limin	 	

  

					
	Party C:	 	 /s/ Liang Yanqing
	 	(Signature)
		 	Liang Yanqing

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