Document:

EX-4.42

Exhibit 4.42

English Translation

Power of Attorney

     I, Hong Tao, a citizen of the People’s Republic of China (“China”), Chinese ID number:
110108196210191239, am a shareholder of Beijing Yuehang Digital Media Advertising Co., Ltd.
(“Yuehang Digital”) and hold the 20% equity of Yuehang Digital. I hereby irrevocably authorize Mr.
Zhang Xiaoya to exercise the following rights within the valid term of this Power of
Attorney:

     Authorize Mr. Zhang Xiaoya (Chinese ID number: 130104196210091519) to represent myself
to exercise my shareholder rights (including voting power) as specified by PRC laws and the
articles of association of Yuehang Digital at the shareholders’ meeting of Yuehang Digital,
including, but not limited to, signing related legal instruments with respect to the selling or
transfer of all or part of my equity in Yuehang Digital and as my authorized representative,
nominating and appointing the general manager of Yuehang Digital at the shareholders’ meeting of
Yuehang Digital.

     The precondition for the said authorization and entrustment is that Mr. Zhang Xiaoya
is a Chinese citizen and an employee of AirMedia Technology (Beijing) Co., Ltd. (“AM Technology”)
and AM Technology agrees to the said authorization and entrustment. Once Mr. Zhang Xiaoya
no longer serves AM Technology or AM Technology informs me to terminate the said authorization and
entrustment, I will immediately withdraw the entrustment and authorization granted herein to him
and will designate/authorize the other person as nominated by AM Technology to exercise any and all
my shareholder rights (including voting power) at the shareholders’ meeting of Yuehang Digital.

     This Power of Attorney shall become effective as of the signing date and will remain in force
throughout the duration of Yuehang Digital, unless the Call Option Agreement jointly signed by me,
AM Technology and Yuehang Digital on April 1, 2008 is prematurely terminated for whatsoever reason.

Hong Tao

/s/ Hong Tao

April 1, 2008

 

 

Exhibit 4.42

English Translation

Power of Attorney

     I, Fong Zhonghua, a citizen of the People’s Republic of China (“China”), Chinese ID number:
513027197101055217, am a shareholder of Beijing Yuehang Digital Media Advertising Co., Ltd.
(“Yuehang Digital”) and hold the 80% equity of Yuehang Digital. I hereby irrevocably authorize Mr.
Guo Man to exercise the following rights within the valid term of this Power of Attorney:

     Authorize Mr. Guo Man (Chinese ID number: 110102196305041171) to represent myself to
exercise my shareholder rights (including voting power) as specified by PRC laws and the articles
of association of Yuehang Digital at the shareholders’ meeting of Yuehang Digital, including, but
not limited to, signing related legal instruments with respect to the selling or transfer of all or
part of my equity in Yuehang Digital and as my authorized representative, nominating and appointing
the general manager of Yuehang Digital at the shareholders’ meeting of Yuehang Digital.

     The precondition for the said authorization and entrustment is that Mr. Guo Man is a
Chinese citizen and an employee of AirMedia Technology (Beijing) Co., Ltd. (“AM Technology”) and AM
Technology agrees to the said authorization and entrustment. Once Mr. Guo Man no longer
serves AM Technology or AM Technology informs me to terminate the said authorization and
entrustment, I will immediately withdraw the entrustment and authorization granted herein to him
and will designate/authorize the other person as nominated by AM Technology to exercise any and all
my shareholder rights (including voting power) at the shareholders’ meeting of Yuehang Digital.

     This Power of Attorney shall become effective as of the signing date and will remain in force
throughout the duration of Yuehang Digital, unless the Call Option Agreement jointly signed by me,
AM Technology and Yuehang Digital on April 1, 2008 is prematurely terminated for whatsoever reason.

Fong Zhonghua

/s/ Fong Zhonghua

April 1, 2008EX-4.43

Exhibit 4.43

English Translation

Technology Development Agreement

THIS TECHNOLOGY DEVELOPMENT AGREEMENT (“this Agreement”) is entered into by the parties below in
Beijing on April 1, 2008:

	 	 	 
	Party A:

	 	AirMedia Technology (Beijing) Co., Ltd.
	 
	 	 
	Party B:

	 	Beijing Yuehang Digital Media Advertising Co., Ltd.

WHEREAS,

	(1)	 	Party A is a wholly foreign-owned enterprise incorporated in accordance with law. It has a
stronger technology development capacity and also has ample experiences in respect of
technology development services;

	(2)	 	Party B requires a professional technology company to provide technology development services
in the course of its operation and management;

NOW, THEREFORE, Party A and Party B, through friendly negotiations and abiding by the principle of
equality and mutual benefit, hereby agree as follows:

	1.	 	Technology Development Services

	 	1.1	 	Subject to the terms and conditions hereof, Party A agrees to provide technology
development services to Party B and Party B agrees to accept the technology development
services provided by Party A.

	 	1.2	 	Party B shall actively assist Party A in fulfilling the said work, including, but
not limited to, providing related data, technology requirements, explanation, etc.

	 	1.3	 	The valid term of this Agreement is ten (10) years, starting from the effective
date of this Agreement. Both parties agree that the term of this Agreement shall be
automatically extended for ten (10) years upon its expiry, unless either party informs
the other party of its intention of no extension at least twenty (20) days prior to the
expiration of this Agreement.

	2.	 	Exclusivity

Party A is the exclusive provider providing the technology development services hereunder to
Party B. Except with Party A’s prior written consent, Party B shall not accept the identical
or similar technology development services provided by any third party.

	3.	 	Intellectual Property Rights

Any and all intellectual property rights arising from the performance of this Agreement,
including, but not limited to, copyright, patent right and technology

 

 

know-how, shall belong to Party A, and Party B may not be entitled to any right except those
as specified herein. Both parties agree that this article will survive the change,
cancellation or termination of this Agreement.

	4.	 	Service Fee

	4.1	 	Both parties agree that as a consideration for the technology development services rendered
by Party A to Party B under Article 1.1 hereof, Party B shall pay Party A the service fee
pursuant to the stipulations of this Agreement. The amount of service fee and method of
payment are set forth in the annex hereto. This annex may be amended on the basis of
implementation after negotiations between both parties.

	4.2	 	Each party shall bear the taxes payable by it in connection with the execution or performance
of this Agreement in accordance with law. As requested by Party A, Party B shall endeavor to
assist Party A in obtaining the business tax exemption for all or part of its technology
service fee income under this Agreement, including, without limitation, providing related
documents and from time to time, signing the written agreements meeting the format
requirements for declaration to related department in charge of science and technology with
Party A with respect to the specific service items within the scope of this Agreement, but the
execution of these documents shall be subject to the following conditions: (1) the terms of
such written agreements are, in principle, consistent with those of this Agreement and may not
conflict with those of this Agreement; and (2) the execution of such documents does not
violate laws and regulations.

	4.3	 	Party B’s shareholders will provide a pledge security to Party A for the technology service
fee payable by Party B under this Agreement by pledging their equity in Party B.

	5.	 	Confidentiality

Both parties agreed that all information relating to this Agreement is confidential. Neither
party shall disclose such information to any third party except its officers, directors,
employees, agents and professional consultants, albeit that no consents are required from the
opposite parties if disclosure of such information is mandated by law.

This article shall survive any change, cancellation or termination of this Agreement.

	6.	 	Defaulting Liabilities

Both parties have the obligation to fully perform this Agreement. Where either party fails
to perform any of its obligations hereunder, or any of its representations or warranties
hereunder is materially untrue or inaccurate, such party shall be deemed to default under
this Agreement and shall be held liable for all the losses thus incurred to the other party.

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	7.	 	Force Majeure

	7.1	 	Force Majeure refers to objective situations that are not foreseeable, avoidable and
surmountable. If either party becomes unable to perform this Agreement due to force majeure,
its obligation may be waived partly or fully, depending on the impact of the force majeure. If
the force majeure occurs after any delay of performance of obligations, the obligation shall
not be waived.

	7.2	 	Should either party be prevented from performing this Agreement due to force majeure, the
prevented party shall without any delay notify the other party in order to mitigate any loss
caused to the other party. The prevented party shall also provide written proof of the force
majeure within 15 working days of the force majeure.

	8.	 	Entire Agreement

Both parties acknowledge that this Agreement constitutes the entire agreement and
understanding between both parties with respect to the subject matter hereof and completely
supersedes and replaces all prior oral and/or written agreements and understandings between
both parties with respect to the subject matter hereof.

	9.	 	Governing Law

The execution, effectiveness, interpretation, performance, amendment, termination and dispute
resolutions of this Agreement shall be governed by the law of the Peoples of Republic of
China.

	10.	 	Dispute Resolution

Any dispute arising from the performance of this Agreement shall be solved by both parties
through friendly negotiations. In case no resolution can be reached, such dispute shall be
referred to Beijing Arbitration Commission for arbitration in accordance with its arbitration
rules. Venue of arbitration shall be Beijing and arbitral award shall be final.

	11.	 	Supplementary Provisions

	11.1	 	The annex attached hereto shall form an integral part of this Agreement and has the same effect as
the remainder of this Agreement.

	11.2	 	This Agreement shall come into effect as of the date of signing by both parties.

	11.3	 	This Agreement is executed in two (2) originals in Chinese, one (1) original for each party.
All the original copies shall have the same legal effect.

[No text below]

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

Authorized representative (signature): /s/ Guo Man

Name: Guo Man

Title:

Common seal: [Seal: AirMedia Technology (Beijing) Co., Ltd.]

Party B: Beijing Yuehang Digital Media Advertising Co., Ltd.

Authorized representative (signature): /s/ Fong Zhonghua

Name: Fong Zhonghua

Title:

Common seal: [Seal: Beijing Yuehang Digital Media Advertising Co., Ltd.]

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[Annex]

Service Fee Calculation Standard

	1.	 	Party A and Party B agree that Party B shall pay technology support and technology service
fee to Party A according to the following requirements:

	 	(1)	 	In the first month of each year (for the first year, it means the next month
after the signing of this Agreement), Party A and Party B determine the annual service
fee amount of this year. The annual service fee amount confirmed by both parties shall
be annexed to this Agreement respectively.

	 	(2)	 	When both parties determine annual service fee amount, the technology service fee
of current year may be adjusted by giving due consideration to the following factors,
including, but not limited to:

	 	(a)	 	The number of the employees to be assigned by Party A to render
services for Party B and the qualification of these employees;

	 	(b)	 	The amount of time proposed for Party A’s employees to provide
services;

	 	(c)	 	The specific contents and value of the services rendered by Party A;

	 	(d)	 	Whether use licenses are provided to Party B with respect to specific
technologies (including patented and non-patented technologies) during the
provisioning of technology support and technology services;

	 	(e)	 	The internal relations between Party A’s technology support and
technology services and Party B’s operating income.

	 	(3)	 	Party B shall pay the said annual service fee evenly on a quarterly basis. Party
B shall, within fifteen (15) working days before each quarter finishes, pay the service
fee amount of this quarter to the bank account designated by Party A.

	2.	 	If Party A is of the opinion that the fee as set out in Article 1 of this Annex becomes
inappropriate for the change of objective situation and needs to be adjusted, Party B shall,
within seven (7) working days after receiving the written request about fee adjustment from
Party A, negotiate with Party A actively and in good faith so as to determine the new billing
standard or system.

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