Document:

Exhibit 4.26

Exhibit 4.26

Attachment One of Business Option Agreement — Power of Attorney

Power of Attorney

Xingye Zeng, the undersigned, hereby agrees to grant the authority in connection with its
owned shareholder’s right arising from the 2% of the equity interest of Ku6 (Beijing) Cultural
Media Co., Ltd. (hereinafter referred to as the Company) to WeiMoSanYi (Tianjin) Technology Co.,
Ltd. (hereinafter referred to as the Proxy). The undersigned hereby irrevocably authorize the Proxy
to exercise the following rights in the effective term hereof:

The undersigned hereby constitutes and appoints the Proxy, with full power and authority, to act on
behalf of the undersigned as the shareholder of the Company holding 2% of the equity interest,
perform all the shareholder’s rights in accordance with the provisions of laws and articles of
association, including without limitation proposing for holding general meeting of stockholders,
accepting any notice relevant to hold general meeting of stockholders and standing orders,
participating the general meeting of stockholders and performing all the rights to vote as the
shareholder holding 2% of the equity interest (including as the authorized representative in the
general meeting of stockholders to appoint the Company’s directors, general managers, financial
controllers and other senior operating personnel, and to decide matters of distributing bonus),
selling or transferring the 2% of equity interest of the Company.

The Proxy is authorized to designate its appointed director in the board of directors (or executive
director) to exercise the authorized rights hereunder.

The undersigned hereby confirms that the undersigned is bound by any actions or nonfeasance
taken by the Proxy in the effective term hereof. The undersigned shall not raise objections to the
above actions, nonfeasance or decisions in any forms, and shall be liable for all the legal
responsibilities arising therefrom.

Unless the Business Operation Agreement executed by and among the Company, the Proxy, Shanyou
Li and the undersigned hereof is terminated in advance due to any reasons, the effective term
hereof shall remain effective for a term of twenty (20) years, commencing from execution date
hereof. Where the term expires and the Proxy requests, the undersigned shall extend the term hereof
without any conditions responding to the Proxy’s request.

Where it is necessary for the undersigned to sign any documents to perform, execute or perform the
above actions, nonfeasance or decisions due to any reasons, the undersigned will sign the relevant
documents in accordance with the Proxy’s instructions.

Proxy: Xingye Zeng

Signature:

Date: May 27th, 2010Exhibit 4.27

Exhibit 4.27

Share Pledge Agreement

This Equity Pledge Agreement (hereinafter “this Agreement”) is executed by and between the
following parties (hereinafter “the Parties”) on 27 May 2010:

Party A: WeiMoSanYi (Tianjin) Technology Co., Ltd.

	Address: A3-158, Xishan Road No. 166, Tianjin Airport Logistics and Processing Zone

Party B: Shanyou Li

ID Number: 12010419720322681X

	Address: Room 201, Unit 4, Building 15, Rihuali, Yinshuidao, Nankai District, Tianjin

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.	 	Ku6 Network (Beijing) Media and Culture 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 98% equity interest (hereinafter “Relevant Equity”) of the Company.

	4.	 	Party A and the Company conclude and execute an “Exclusive Consultation and Service
Agreement” on 27 May 2010; in addition, Party A, Party B and the Company conclude and execute
an “Equity Disposal Agreement” and a “Business Operation Agreement” on 27 May 2010.

	 
	5.	 	Party A and Party B conclude and execute a “Loan Agreement” on 27 May 2010.

	6.	 	In order to secure Party B to perform its obligations under the “Loan Agreement”, to secure
Party A can normally charge service fees from the Company owned by Party B in accordance with
“Exclusive Consultation and Service Agreement” and to secure the performance of the “Equity
Disposal Agreement” and the “Business Operation 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 “Loan Agreement”, “Exclusive Consultation and Service
Agreement”, “Equity Disposal Agreement” and the “Business Operation Agreement” respectively
concluded and executed by Party A, the Company and other relevant parties on 27 May 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 Relevant Agreements.

	2.2	 	The pledge of the Equity under this Agreement shall secure all the expenses (including the
legal fees) and expenditure payable to Party A under Relevant Agreements, all the losses,
interests, liquidated damages, compensations, costs for realizing the creditor’s rights which
Party B is responsible for under Relevant Agreements, as well as any liability arising from
the invalidity of Relevant Agreements for whatever reason that the Company and the Pledgor
shall take under Relevant Agreements.

	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.

 

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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 the Company fails to pay the service fee according to
the “Exclusive Consultation and Service Agreement” or the Company and the Pledgor fails to
perform any provisions under Relevant Agreements, 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

	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. The formats of the capital contribution certificate and the register
of shareholders are attached hereto.

	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.

 

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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.

	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.

 

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	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.

	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 Relevant Agreements, 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.

 

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	7.	 	Events of Default

	7.1	 	The Events of Default shall be defined as follows:

	 	7.1.1	 	The Company and its successor or assignee fails to fully pay any payables
under Relevant Agreements on a timely basis; or the Pledgor and its successor or
assignee fails to perform its obligations under Relevant Agreements.

	 	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.

	 	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.

 

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	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 immediately pay off all the debts and other payables under Relevant Agreements, or
to timely perform the “Equity Disposal Agreement” and the “Business Operation 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 Relevant Agreements 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.

	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 all the unpaid service fees and other payables under Relevant Agreements are
paid off and till “Equity Disposal Agreement” and the “Business Operation Agreement” are
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.

 

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	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.

	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 China International Economic and Trade Arbitration Commission for arbitration in accordance
with its then effective arbitral rules.
The place of arbitration shall be in Beijing and the language shall be Chinese. The arbitral
award shall be final and binding on the Parties.

 

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	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.

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

	 	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.

 

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	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. Each Party shall hold one original.
The remaining original shall be filed for registration.

 

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[Signature Page of the Equity Pledge Agreement]

Party A: WeiMoSanYi (Tianjin) Technology Co., Ltd.

Legal Representative/Authorized Representative:                     

Date: 27 May 2010

Party B: Shanyou Li

Date: [Day][Month][Year]

 

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Annex:

1. Register of Shareholders of the Company

Register of Shareholders of the Company

Shareholders of the Company

	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	Capital	 	 	 
	Name of the	 	 	 	 	 	 	 	Contribution	 	 	 
	Shareholder	 	Identity Certificate	 	Address	 	Capital Contribution	 	Proportion	 	 	Remark
	Shanyou Li

	 	12010419720322681X
	 	Room 201, Unit 4,
Building 15,
Rihuali,
Yinshuidao, Nankai
District, Tianjin
	 	RMB 0.98 millon
	 	 	98	%	 	Has been pledged.

It is hereby to certify that Shanyou Li, the shareholder of the Company, has pledged its 98%
equity interests of the Company to WeiMoSanYi (Tianjin) Technology Co., Ltd.

Ku6 (Beijing) Cultural Media Co., Ltd.

(Company Seal)

Shanyou Li

Seal:

Date: [Day][Month][Year]

 

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2. Capital Contribution Certificate of the Shareholder

Capital Contribution Certificate of the Shareholder of Ku6 (Beijing) Cultural

Media Co., Ltd.

Name of the Company: Ku6 (Beijing) Cultural Media Co., Ltd.

Incorporation Date of the Company: June 22, 2010

Registered Capital: RMB 1 million.

Name of the Shareholder: Shanyou Li

Capital Contribution Amount: RMB 0.98 million

Method of Capital Contribution: In cash (RMB)

Capital Contribution Date: May 30, 2010

Company Seal:

Issuance Date: [Day][Month][Year]

 

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