Document:

Translation of Equity Pledge Agreement dated March 31, 2006

 Exhibit 10.14 
 Equity Pledge Agreement 
 This Equity Pledge Agreement (“this Agreement”) is executed by and among the
following parties as of March 31, 2006, in Shenzhen, the People's Republic of China (the “PRC”): 
 (1) Li Limin, a PRC citizen with ID Number
440301610103081 and residence at Room 403, Electronic Technology Tower, Middle Shennan Road, Shenzhen, Guangdong Province; 
 (2) Liang Yanqing (referred to
as “Pledgors” together with Li Limin hereinafter), a PRC citizen with ID Number 230102197203296124 and residence at Room 28-806, Zhongxin Street, Shahe, Shenzhen, Guangdong Province; 
 (3) China Digital Technology Consulting (Shenzhen) Co., Ltd. (“Pledgee”), a wholly foreign owned enterprise incorporated under the laws of the PRC with
registered number Qi Du Yue Shen Zi 317806 and registered office at Room 201, Building 6, Champs Elysees Garden, Nongyuan Road, Futian District, Shenzhen. 
 WHEREAS: 
  

	 	1.	China Digital Mobile Television Co., Ltd. (“CDMTV”) is a limited liability company incorporated on April 8, 2005 with the registration number of the business license
4403011172280 and the registered office at Floor 1, Building 7, Champs Elysees Garden, Nongyuan Road, Futian District, Shenzhen. The registered capital of CDMTV is RMB 50,000,000 and Pledgors collectively hold 100% equity interest in CDMTV.

  

	 	2.	On March 31, 2006, Pledgors and Pledgee entered into a Loan Agreement (the “2006 Loan Agreement”). 

  

	 	3.	On March 31, 2006, CDMTV and Pledgee entered into a Technology and Management Service Agreement (the “2006 Service Agreement”), providing CDMTV with the service of
technology consultation and company management and collecting service fees in consideration. The term of the 2006 Service Agreement is 10 years, after which the 2006 Service Agreement will automatically renew unless CDMTV notifies Pledgors in
written form. 

	 	4.	Pledgors are willing to pledge their 100% equity interest in CDMTV as a security for the loan that Pledgors raised according to the Loan Agreement and as a security for CDMTV to
perform the Service Agreement. 

 After negotiation, Pledgors and Pledgee (the “Parties”) agree to the following:

  

	1.	Equity of the Pledge (the “Equity”) 

 The
equity that Pledgors pledge to Pledgee is the 100% equity interest of CDMTV that is held by Pledgors. 
  

	2.	Pledge 

 Pledgors shall pledge the Equity to Pledgee
as security for the loan that Pledgors borrow according to the Loan Agreement and as security for CDMTV to perform Service Agreement. If the Loan Agreement or the Service Agreement are not fully performed by Pledgors or CDMTV, Pledgee has the right
to take the Equity as the consideration or benefit from the disposing of the Equity, such as auctioning or selling the Equity according to the laws and regulations (the “Right of Pledge”). Such rights include the dividends during the term
of this Agreement. 
  

	3.	Scope of Security  

 The scope of security is:
(i) the loan of RMB 50,000,000 that Pledgors borrowed according to the Loan Agreement; (ii) the fees that CDMTV shall pay to Pledgee according to the Service Agreement; and (iv) all expenses accrued from exercising the Right of Pledge
(including but not limited to the litigation fees and the lawyers’ fees), the damages and all related fees and expenses (the “Scope of Security”). 
  

	4.	Nature of the Pledge 

  

	4.1	The illegality or invalidity of the whole or part of the Loan Agreement and Service Agreement, and all other guarantees for them shall not affect the validity of this Agreement
and/or the obligations and responsibilities of Pledgors of this Agreement. 

  

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	4.2	The exercise or failure to exercise any right by Pledgee according to this Agreement shall not impair Pledgee to further exercise such right or to exercise other rights.

  

	5.	Term 

 The pledge becomes effective on the date that
it is registered in the shareholders’ list of CDMTV and terminates when the obligations under the 2007 Loan Agreement, 2007 Service Agreement, 2007 Domain Name License Agreement and all expenses accrued from exercising the Right of Pledge
(including but not limited to the litigation fees and the lawyers’ fees), the damages and all related fees and expenses (the ‘‘Obligations’’) have been fulfilled by Pledgors. Since the Equity was pledged to Pledgee according
to the 2006 Equity Pledge Agreement and the pledge was registered in the shareholders’ list, Pledgors shall cause CDMTV to revise the registration of the pledge within 30 days of the signing date of this Agreement. In case the pledge is changed
and the registration shall be revised accordingly, the registration shall be revised within 30 days after the changing of the pledge. 
  

	6.	Possession of the Certificates 

 Pledgors shall
deliver all the certificates of the Equity to Pledgee for possession within 30 days of the execution date of this Agreement; such certificates shall include the original certificate of investment and the certified copy of the shareholders’ list
of CDMTV. Such certificates shall be returned within 30 days after the date the pledge terminates. 
  

	7.	Exercising of the Shareholders’ Rights 

  

	7.1	Unless notified by Pledgee, Pledgors shall continue to exercise and perform all the shareholders’ rights and obligations provided by the articles of association of CDMTV in a
diligent and honest manner. 

  

	7.2	Pledgors shall continue to perform all obligations related to the Equity. Pledgee has no obligation or responsibility to the Equity or to the obligations or responsibilities of
Pledgors. Subject to and not affecting Pledgee’s rights of this Agreement, the execution of this Agreement does not give Pledgee any obligation or responsibility to any third party for the Equity. 

  

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	8.	Representations and Warranties of Pledgors 

  

	8.1	Pledgors are the legally registered shareholders of CDMTV and invested all the registered capital according to PRC laws and regulations. Pledgors have not sold or proposed to sell
any of the Equity to other party. 

  

	8.2	Pledgors fully understand this Agreement and are willing to execute and perform this Agreement. This Agreement was formed voluntarily by Pledgors. The representative (if any) was
legally authorized to execute this Agreement. 

  

	8.3	All the documents, information, reports and forms delivered by Pledgors are accurate, true, complete and valid. 

  

	8.4	The exercising of Right of Pledge by Pledgee according to this Agreement shall not be affected by any other party at any time, unless stipulated by the applicable laws and
regulations at that time. 

  

	8.5	The Pledgee has the right to exercise or transfer the pledge and all rights related according to this Agreement. 

  

	8.6	There are no mortgage, pledge or other encumbrance on the Equity except the pledge of this Agreement. 

  

	9.	Undertakings of Pledgee 

  

	9.1	In the term of this Agreement, for the interest of Pledgee, Pledgors undertake that Pledgors: 

  

	 	(a)	shall not, without prior written consent of Pledgee, transfer the Equity, set or consent to set any encumbrances on the Equity or procure the general meeting of CDMTV to approve the
transfer, pledge, otherwise disposing or setting any other encumbrances on the Equity. Such restriction shall not apply to the transfer of the Equity to Pledgee according to Option Agreement or the transfer between Pledgors which will not affect the
Right of the Pledge (Pledgors shall give prior notice to Pledgee); 

  

	 	(b)	 shall comply with and exercise all the laws and regulations related to the pledge, forward all the notices, instructions or proposals issued by the relevant
governmental authority regarding the pledge within 30 days after Pledgors receive such 

  

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notices, instructions or proposals, comply with such notices, instructions or proposals or reject or make presentation against such notices, instructions or
proposals according to Pledgee’s reasonable request or with Pledgee’s consent; 

  

	 	(c)	shall notify Pledgee in time of any event or notice that may affect the whole or part of the pledge or any related right and that may change or affect any warranty or obligation of
Pledgors of this Agreement. 

  

	9.2	Pledgors consent that the Right of the Pledge of Pledgee of this Agreement shall not be interrupted or impaired by any legal action made by Pledgors, their successors, assigns,
representatives or any other party. 

  

	9.3	Pledgors undertake to Pledgee that, in order to protect and complete the pledge, Pledgors shall execute in an honest manner and procure other parties related to the pledge to
execute any certificate and deed requested by Pledgee and/or perform and procure other parties related to the pledge to perform any action requested by Pledgee, provide Pledgee with an advantage for the exercising of the Rights of Pledge, execute
all the documents regarding the revision of Equity certificate with the Pledgee or any legal person or individual designated by Pledgee and provide Pledgee with all the notices, orders and decisions that Pledgee regards necessary within a reasonable
time. Pledgors undertake to Pledgee that, for the interest of Pledgee, Pledgors shall comply with and perform all the warranties, undertakings, agreements, representations and conditions. In case Pledgors do not or will not fully comply with or
perform all the warranties, undertakings, agreements, representations or conditions, Pledgors shall compensate all damages of Pledgee. 

  

	10.	Obligations of Pledgors 

  

	10.1	Before the pledge terminates, unless Pledgee consents, Pledgors: 

  

	 	(a)	shall comply with all the laws and regulations related to this Agreement, strictly perform and comply with all the obligations and responsibilities of this Agreement and take all
necessary measures to ensure the legality and validity of the Equity, including but not limited to ensuring the legality and validity of the pledge; 

  

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	 	(b)	shall notify Pledgee of all the details of the existing or potential litigation, arbitration or executive procedures (if any) up to three working days after Pledgors become aware of
such litigation, arbitration or executive procedures; 

  

	 	(c)	shall not place other encumbrances on the Equity except the pledge of this Agreement or dispose of the Equity without prior consent of Pledgee; 

  

	 	(d)	shall not take any action that may change or impair Pledgee’s Rights of Pledge or any other rights of this Agreement. 

  

	10.2	The Pledgors shall register the pledge of this Agreement in the shareholders’ list of CDMTV on the date when this Agreement is executed. Pledgee shall provide necessary
assistance. 

  

	10.3	Before the Obligations are met, the following situations shall be deemed an event of default: 

  

	 	(a)	Pledgors or CDMTV fail to perform the Loan Agreement and/or the 2007 Service Agreement or breach the 2007 Loan Agreement and/or the 2007 Service Agreement; 

 

	 	(b)	Pledgors transfer or otherwise dispose of or set other encumbrances on the Equity, except the pledge of this Agreement, without prior consent of Pledgee; 

 

	 	(c)	any representation or warranty made by Pledgors in Article 8 of this Agreement is materially misleading or untrue and/or Pledgors breach any warranty in Article 8;

  

	 	(d)	Pledgors breach the undertaking in Article 9 of this Agreement; 

  

	 	(e)	Pledgors materially breach this Agreement; 

  

	 	(f)	Pledgors wholly or partly waive the Equity or transfer the Equity without the written consent of Pledgee, except to transfer the Equity pursuant to this Agreement;

  

	 	(g)	any loan, warranty, indemnity, undertaking or debt of Pledgors other than the pledge of this Agreement (1) is requested to be paid or perform in advance due to a breach of
contract; or (2) is mature but fails to be paid or performed which makes Pledgee reasonably believe that the ability of Pledgors to perform this Agreement is materially affected; 

  

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	 	(h)	Pledgors fail to pay other material debt; 

  

	 	(i)	Pledgors’ possessions are materially adversely affected due to Pledgors’ intended behavior which leads to the ability of Pledgors to perform this Agreement is materially
affected; 

  

	 	(j)	Pledgors, CDMTV and their successors, assigns or representatives fail to fully perform or refuse to perform the 2007 Loan Agreement or the 2007 Service Agreement;

  

	 	(k)	Pledgors materially breach other terms and conditions by any action or inaction; 

  

	 	(l)	other circumstances in which Pledgors breach other obligations of this Agreement or may affect Pledgee’s other rights of this Agreement. 

 Pledgors shall notify Pledgee of any event set out in Article 10.3 or that will lead to the circumstance of event set out in Article 10.3 with a written
notice within three working days after Pledgors become aware of such event. 
  

	10.4	Unless the breach of this Agreement is resolved to Pledgee’s satisfaction, Pledgee shall have the right to send Pledgors a notice of breach in written form and request to
exercise the Right of Pledge of this Agreement. 

  

	11.	Force Majeure Event 

  

	11.1	A force majeure event refers to any event that is beyond any party’s reasonable control and is inevitable even if the affected party gives reasonable care, including but not
limited to governmental actions, limitation of laws, fire, explosion, storm, flood, earthquake, tide, fulmination, war, rebellion, convulsion, strike and other unavoidable events. The party involved in a force majeure event shall notify the other
party of the event as soon as possible. 

  

	11.2	 When the performance of this Agreement is delayed or obstructed as a result of a force majeure event, the party involved will be exempted from liability of this
Agreement to the extent of the delay and obstruction due to the force majeure event. The 

  

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affected party shall make all reasonable and feasible efforts to reduce or eliminate the effect of the force majeure event and to perform the agreement. Once
the force majeure event has ceased, the parties agree to make their best efforts to perform this Agreement. 

  

	11.3	The loss caused by the force majaure event shall be born by each party respectively. 

  

	12.	Enforcement 

  

	12.1	Once any event of default is accrued, Pledgee shall have the right to enforce the pledge at any time and in any method it regards as proper within the laws and regulations. The
Right of Pledge includes but is not limited to: 

  

	 	(a)	selling the Equity and being paid with the consideration; 

  

	 	(b)	disposing of the Equity through auction; or 

  

	 	(c)	disposing of the Equity according to PRC laws and regulations. 

  

	12.2	Pledgors shall assist Pledgee to obtain all necessary approvals and consents at the request of Pledgee. 

  

	13.	Transfer 

  

	13.1	Pledgors shall not donate or transfer the rights or obligations without the prior consent of Pledgee. 

  

	13.2	This Agreement shall bind Pledgors and their successors or assigns and Pledgee and any of its successors and assigns. 

  

	13.3	Pledgee has the right to transfer any or all the rights and obligations to any legal person or individual. In such case, the transferee’s rights and obligations of this
Agreement shall be the same as Pledgee’s of this Agreement. 

  

	13.4	The parties shall re-execute the Equity Pledge Agreement after the transfer of pledge. 

  

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	14.	Expenses and Compensation 

 All expenses accrued
from the execution of this Agreement shall be borne by the parties after negotiation. 
  

	15.	Effectiveness 

 The Agreement shall become effective
after it is executed by the parties or their representatives and the pledge is registered in the shareholders’ list of CDMTV. 
  

	16.	Release of the Pledge 

 The pledge of this Agreement
shall be released after the Obligations are met. The expenses accrued shall be borne by the parties after negotiation. 
  

	17.	Dispute Resolution 

 In the event any 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 the consultation, any party may submit the dispute to the court that has
jurisdiction on the dispute. 
  

	18.	Severability 

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

	19.	Termination 

 This Agreement shall terminate upon
the meeting of the Obligations. Pledgors and CDMTV do not continue to bear any obligation or responsibility of the Loan Agreement and the 2007 Service Agreement. Pledgee shall cancel or release this Agreement and the Pledge of this Agreement when
this Agreement terminates. 
  

	20.	Amendment, Release and Explanation of this Agreement  

 This Agreement shall only be amended or released by the parties with written consent and necessary authorization and approvals. The attachments, appendixes and amendments shall be indivisible parts of this Agreement. 
  

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	21.	Miscellaneous 

  

	21.1	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. 

  

	21.2	Any notice and request related to this Agreement shall be in written form and delivered to the address on the first page of this Agreement. Any party shall notify any change in its
address to the others in due course. The notice or request shall conclusively be deemed to have been received (i) at the time of delivery, if delivered by hand; (ii) on the third working day after posted in registration, if delivered by
post; (iii) upon receiving the confirmation from the receiver, if delivered by telefax or fax. 

  

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

 [No Text Below] 
  

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 [Execution Page] 
  

					
	Pledgor:	 	 /s/ Li Limin
	 	(Signature)
		 	Li Limin	 	
			
	Pledgor:	 	 /s/ Liang Yanqing
	 	(Signature)
		 	Liang Yanqing	 	

 Pledgee: China Digital Technology Consulting (Shenzhen) Co., Ltd. (Company Seal) 
 /s/ China Digital Technology Consulting (Shenzhen) Co., Ltd. 
 Authorized
Representative:                          (Signature)Translation of Cooperation Agreement dated October 13, 2006

 CONFIDENTIAL TREATMENT REQUESTED BY VISIONCHINA MEDIA INC. 
  

 Exhibit 10.15 
 Translation 
 CERTAIN INFORMATION (INDICATED BY ASTERISKS) IN THIS EXHIBIT HAS

 BEEN OMITTED AND FILED SEPARATELY WITH THE SECURITIES AND 
 EXCHANGE COMMISSION. CONFIDENTIAL TREATMENT HAS BEEN 
 REQUESTED WITH
RESPECT TO THE OMITTED PORTION. 
 Cooperation Agreement 
  

			
	Party A: Beijing Beiguang Media Mobile Television Co., Ltd.
		
	 Legal representative: Zhao Wenyen
	 	Position: President
	
	 Registered address: B02, No. 7, Yuyuantannan Rd., Hiading District, Beijing

  

			
	 Party B: China Digital Mobile Television Co., Ltd.

		
	 Legal representative: Lee Limin
	 	Position: President
	
	 Registered address: Ground Fl., the 7th Building of Xianxieli, Nongyuan Rd., Futian District, Shenzhen City

 Whereas Parties entered into a “Letter of Intent on Cooperation of the Project of Beijing Bus Mobile
Television” (“Letter of Intent”) on September 14, 2006, Parties hereby agree on matters relating to the business of the Joint Venture before its establishment as follows: 
 Article 1 
 Parties agree that the terms of cooperation shall be ten
years commencing from the execution date of this Agreement. This Agreement will be terminated automatically once the Joint Venture is established. The Joint Venture shall succeed all the rights and obligations of Party B. During this period of time,
if the Joint Venture can not be established because of any reason attributable to Party A, the effectiveness of this Agreement shall not be affected. 
 Article 2 
 During this period of time, Party A authorizes Party B the exclusive right to operate the advertising business and install
displays. Party B undertakes to pay the management fee and install and maintain the additional displays. 
 Article 3 
 Party A shall promptly notify Party B of the establishment of the Joint Venture. Party B shall duly establish the Joint Venture and make registration within two months of
the receipt of such notification in accordance with the Letter of Intent. 
 Article 4 Scope of Cooperation 
  

	 	(i)	Party B undertakes to invest in and establish the installment and maintenance of the displays in no more than 7,000 buses in addition to the 4,000 buses where Party A has already
installed displays. Party B undertakes to install displays in the number of buses no less than stipulated in the agreements entered into between Party A and bus companies before the end of 2006 and 2007. 

  

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 CONFIDENTIAL TREATMENT REQUESTED BY VISIONCHINA MEDIA INC. 
  

	 	(ii)	Party B shall rent the displays installed by Party A, including LED screens, set-up boxes and other affiliated parts, from Party A and manage these facilities together with the
additional displays installed by itself. 

  

	 	(iii)	Party B relies on buses upon which agreements have been entered into or are going to be entered into by Party A to operate the business of producing, agency, sales and display of
mobile television advertising, message and voicemail. 

 Article 5 
 During this period of time, Party A authorizes Party B the exclusive right to operate mobile television advertising on buses in Beijing. The items that were originally operated by Party A are now transferred to Party
B. Party B may decide the mode of operation and price of ads at its own discretion. 
 Article 6 
 Upon authorization of Party A, Party B shall be responsible for the installation and maintenance of the displays on 7,000 buses as agreed in the Letter of Intent.

  

	 	(i)	Parties shall decide, within ten days of execution of this Agreement, the minimal number of buses for installation for each month and make purchase plans and installation plans
based on the number of buses ready for installation. 

  

	 	(ii)	Party B shall purchase the facilities pursuant to the purchase and installation plans. 

  

	 	(iii)	Matters regarding the additional installation of facilities shall be negotiated directly between Party A and the bus companies. Party B shall be responsible for the installation and
maintenance and shall pay the rent to the bus companies and bear relevant maintenance fees. 

  

	 	(iv)	Upon the establishment of the Joint Venture, Party B shall hand over all materials relevant to the additional installation of displays and financial material to the Joint Venture.

 Article 7 
 Management fee means relevant
payment made by Party B to Party A for the purpose of operating mobile television advertising on buses in Beijing. Such fee includes: annual fee for the exclusive right to install and operate mobile television advertising, annual rent for the
displays that have been installed by Party A; relevant fee for the service provided by Party A, including the provision, airing and transmission of programs and the maintenance fee for the displays. 
 Article 8 Payment of the Management Fee 
  

	 	(i)	Party B shall begin to pay Party A the management fee for the year 2006 on a monthly basis starting from September 2006. The total management fee for the year 2006 should be
RMB*****. Party B shall make the payment before the third day of each month (if it falls on a weekend or holiday, the deadline shall be the following working day). The monthly payment is RMB*****. If Party B delays payment, Party A is entitled to
deduct the amount from the bond. Party B shall make up such deducted amounts within seven working days. 

  

	 	(ii)	 Party A confirms that prior to the execution of this Agreement, Party B has paid RMB***** to serve as a bond under this agreement (the “Bond”) and the
management fee totaling RMB***** for September and October. After the first month of 

  

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 CONFIDENTIAL TREATMENT REQUESTED BY VISIONCHINA MEDIA INC. 
  

	 	 
execution of this Agreement, the Bond that Party B paid to Party A will be transferred as a deposit and management fee. Party B shall give Party A a deposit
equivalent to ***** and a management fee of *****. The management fee shall be paid on a monthly basis before the third day of every month (if it falls on a weekend or holiday, the deadline shall be the following working day). If Party B delays in
payment, Party A is entitled to deduct the amount from the deposit. Party B shall make up for the deposit within seven working days. 

  

	 	(iii)	Starting from 2007, the management fee that Party B shall pay is: an annual fee of RMB***** for each of the years 2007 and 2008, RMB***** for each of the years 2009 and 2010,
RMB***** for each of the years 2011 and 2012 and RMB***** for each of the years from 2013. The monthly maintenance fee shall be the annual fee divided by 12 months. 

 Article 9 The Rights and Obligations of Party A 
  

	 	(i)	With the precondition of satisfying the country’s policies on broadcasting and television, Party A is responsible for services to provide transmission technology and programs
specifically for the mobile television; authorizing Party B the exclusive right to operate mobile television advertising on buses in Beijing and install and maintain the additionally installed displays. Party A is entitled to collect a management
fee from Party B pursuant to the Letter of Intent and this Agreement. 

  

	 	(ii)	Party A should respect Party B’s opinions and proposals on the arrangement of programs for the purpose of operating advertising business. Party A shall endeavor to cooperate
with Party B to develop advertising operation, including the arrangement of time slots between ads and programs and the frequency of airing. 

  

	 	(iii)	Party A guarantees that the airing time each day is no less than ***** hours, including at least ***** minutes for ads, unless affected by factors not attributable to Party A, such
as requirements of laws or regulations, checks on the transmission facilities (generally, Tuesday afternoons), blackouts and announcements of information by the government. 

  

	 	(iv)	Upon the execution of this Agreement: 

  

	 	(1)	Party A shall transfer all of the rights and obligations arising from the advertising, message and voicemail agreements that it has entered into for the current year to Party B
after obtaining consent from the other parties to those agreements. 

  

	 	(2)	Party A undertakes to transfer to Party B the right to install displays in buses as stipulated in the agreements entered into with bus companies and make endeavors to coordinate
with the installation entities. 

  

	 	(3)	Party A shall not engage in business of advertising on digital television on Beijing buses and shall not authorize or permit third parties to conduct such business on Beijing public
buses. 

  

	 	(4)	Party A shall assist Party B in striving to reduce royalties charged by bus companies for buses with additional installations. 

  

	 	(v)	Party A shall endeavor to complete the effective coverage of 48 channels in Beijing and enhance the effective receiving scope and quality of mobile television on buses. Party A
guarantees that the rate of malfunction of the displays already installed is lower than 5%. 

  

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 CONFIDENTIAL TREATMENT REQUESTED BY VISIONCHINA MEDIA INC. 
  

	 	(vi)	Party A is responsible for internal coordination during the course of Party B’s operation. 

 Article 10 The Rights and Obligations of Party B 
  

	 	(i)	Party B shall take advantage of sales and capital in advertising and ensure the additional installation of the mobile television on Beijing buses and maximize the value of ads.

  

	 	(ii)	Party B undertakes to pay Party A its management fee on a timely basis. 

  

	 	(iii)	Party B undertakes to ensure the progress of the installation of mobile television on Beijing buses pursuant to the agreement between the Parties. 

  

	 	(iv)	Party B is entitled to operate advertising, message and voicemail services with the displays already installed or additional displays that are going to be installed.

  

	 	(v)	Party B has the right to participate in and make comments on the editing of programs displayed on the mobile television and the arrangement of ad time slots. Party B has the final
decision-making power of the arrangement of time slots, content and frequency as long as such arrangement satisfies Party A’s standards. 

  

	 	(vi)	Party B has the final decision-making power on promotion and operation of the mobile television. 

  

	 	(vii)	Party B guarantees that all the displays will only air programs approved by Party A and only use mobile television channels provided by Party A. 

  

	 	(viii)	Party B agrees not to cooperate with Party A’s current shareholders in any manner, regarding shares or capital. 

 Article 11 Warranties and Commitments of Both Parties 
 Parties make
the following warranties and commitments upon the effectiveness of this Agreement: 
  

	 	(i)	It is a legal person duly incorporated and existing under the laws of the PRC. 

  

	 	(ii)	It has the full power, right and authorization to execute this Agreement and perform its obligations hereunder. 

  

	 	(iii)	There is no lawsuit, arbitration or administrative procedure that might affect the execution, handover and implementation of this Agreement. 

  

	 	(iv)	Party A, being a controlled subsidiary of Beijing All Media and Culture Group, has been authorized by the State Administration of Radio, Film and Television to develop and operate
mobile television and relevant advertising business by way of using digital television in Beijing. 

  

	 	(v)	This agreement shall be legal, effective and enforceable in accordance with applicable laws and regulations upon execution. 

 Article 12 Default Liability 
  

	 	(i)	Party A shall bear default liability if one of the following event occurs: 

  

	 	(1)	After the execution of this Agreement, Party A engages in or authorizes any third parties aside from Party B to engage in the operation of mobile television advertising, message and
voicemail services or the bus companies terminate their cooperation with Party A. 

  

	 	(2)	More than 5% of mobile television on buses cannot receive signals of programs because of problems arising from Party A’s maintenance on emission technology. The rate shall be
determined by a supervising report provided by third parties recognized by both Parties. 

  

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 CONFIDENTIAL TREATMENT REQUESTED BY VISIONCHINA MEDIA INC. 
  

	 	(ii)	Party B shall bear default liability if one of the following event occurs and Party A is entitled to terminate the Agreement unilaterally and call back the facilities installed
additionally free of charge: 

  

	 	(1)	Party B fails to pay the deposit and management fee on a timely basis and fails to provide any explanation in writing for seven days; 

  

	 	(2)	Party B fails to ensure that the number of buses where additional displays are installed are no less than the number agreed under the agreements with bus companies.

 Article 13 Confidentiality 
 Parties
shall keep confidential matters relevant to this Agreement. Without prior consent of the other Party, each Party shall not disclose all or part of the content of this Agreement to any third party. 
 Article 14 Force Majeure 
 If one Party has been prevented or delayed
from performing its obligations stipulated in this Agreement because of an uncontrollable or insurmountable event, including fire, strike, war, natural disaster or change of laws and regulations, no Party shall be responsible for any damage.

 Each Party shall notify the other Party in writing of the nature of such event within five days after such occurrence and use reasonable endeavors to
prevent the expansion of the damage. Parties shall make endeavors to discuss solutions to the matter. 
 Article 15 Miscellaneous 
  

	 	(i)	Parties shall settle any dispute arising out of the implementation this Agreement through negotiation. If the dispute cannot be solved through negotiation, any Party is entitled to
file litigation in the court with jurisdiction. 

  

	 	(ii)	Four originals of this Agreement shall be signed. Parties shall each hold two of them. The Agreement shall be effective upon signature and seal by both Parties.

 (no text below) 
  

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 CONFIDENTIAL TREATMENT REQUESTED BY VISIONCHINA MEDIA INC. 
  

 Party A: /s/ Beijing Beiguang Media Mobile Television Co., Ltd. 
 Legal or authorized representative: /s/ Zhao Wenyen 
 Dated: 2006 

Party B: /s/ China Digital Mobile Television Co., Ltd. 
 Legal or
authorized representative: /s/ Li Limin 
 Dated: 2006 
  

 6

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00132-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00132-of-00352.parquet"}]]