Document:

Exhibit 4.45

Exhibit 4.45

Supplementary Agreement No. 2 to the Call Option Agreement

This Supplementary Agreement (this “Agreement”) is made by and among the following parties in
Beijing on May 27, 2010:

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

Party B: Guo Man, Xu Qing

Party C: Beijing AirMedia UC Advertising Co., Ltd.

WHEREAS:

	 	(1)	 	Party A, Party B, Party C and Wang Zhenyu have entered into a certain call option
agreement dated January 1, 2007 (“Original Agreement”), whereby Party A agreed to purchase,
and Party B and Wang Zhenyu agreed to sell, the equity of Party C respectively owned by
each of them; and Party A, Party B and Party C have entered into a certain supplement to
the Original Agreement dated November 2008 (“Original Supplementary Agreement”), whereby
certain amendments were made in respect of the equity percentage of Party C that Party A is
entitled to purchase from Party B;

	 	(2)	 	With prior consent of Party A, the registered capital of Party C has been increased t o
RMB80 million as of January 5, 2010; and

	 	(3)	 	Upon completion of the registered capital increase by Party C, the shareholding
percentages of Guo Man, Xu Qing and Party C are changed to 1.035%, 0.215% and 98.75%,
respectively.

NOW, THEREFORE, after friendly negotiations, Parties A, B and C agree to amend the Original
Supplementary Agreement, and intend to be bound, as follows:

1. Guo Man agrees to grant Party A the option to purchase up to 1.035% equity interest in Party C
under the conditions provided under the Original Agreement, and Xu Qing agrees to grant Party A the
option to purchase up to 0.215% equity interest in Party C under the conditions provided under the
Original Agreement.

2. The equity transfer agreement with Wang Zhenyu as the transferor, which is attached to the
Original Agreement as Schedule I, is deleted.

3. Upon effectiveness of this Agreement, in case there are any differences in terms between the
Original Agreement and this Agreement, this Agreement shall prevail; terms absent from this
Agreement shall be governed by the Original Agreement and/or the Original Supplementary Agreement.

4. This Agreement is effective upon the signature and/or stamp of common seal by all parties to
this Agreement. This Agreement shall be signed in six counterparts, two of which shall be kept by
each of Party A, Party B and Party C. Each copy shall have the same legal effect.

[No text below]

 

 

 

(Signature page)

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

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

Party B:

By: /s/ Guo Man

By: /s/ Xu Qing

Party C: Beijing AirMedia UC Advertising Co., Ltd.

Common seal: Beijing AirMedia UC Advertising Co., Ltd. (Seal)

 

2Exhibit 4.46

Exhibit 4.46

Supplementary Agreement No. 2 to the Equity Pledge Agreement

This Supplementary Agreement (this “Agreement”) is made by and among the following parties in
Beijing on May 27, 2010:

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

Party B: Guo Man, Xu Qing

Party C: Beijing AirMedia UC Advertising Co., Ltd.

WHEREAS:

	 	(1)	 	Parties A, Party B and Wang Zhenyu have entered into a certain equity pledge agreement
dated June 14, 2007 (“Original Agreement”), and a certain supplement to the Original
Agreement dated November 2008 (“Original Supplementary Agreement”), whereby Party B agreed
to pledge its ownership in Party C’s equity in favor of Party A;

	 	(2)	 	The registered capital of Party C has been increased to RMB80 million from RMB65
million as of January 5, 2010; and

	 	(3)	 	Upon completion of the registered capital increase by Party C, the shareholding
percentages of Guo Man, Xu Qing and Party C are changed to 1.035%, 0.215% and 98.75%,
respectively.

NOW, THEREFORE, after friendly negotiations, Parties A, B and C agree to amend the Original
Agreement, and intend to be bound, as follows:

1. Section (3) in the Preamble of the Original Agreement is amended to: the registered capital
increase by Party C has resulted in changes in the percentages of shareholding in Party C by Guo
Man and Xu Qing; Guo Man and Xu Qing now hold 1.035% and 0.215% equity interest in Party C,
respectively. Party B pledges, and Party A agrees to accept the pledge of, all of its ownership of
the equity of Party C in favor of Party A to secure the performance of payment obligations by Party
B and Party C under the Master Agreement.

2. Section 1 of the Original Agreement is amended to: Each of Guo Man and Xu Qing agrees to
pledge all of his respective ownership of 1.035% equity and 0.215% equity in Party C (the “Pledged
Equity”) in favor of Party A to secure performance by Party B of its obligations under the Loan
Agreement, as supplemented, between Party B and Party A, and by Party C of its obligations under
the Technology Development Agreement and the Technology Support and Services Agreement, as
supplemented, between Party C and Party A.

3. Upon effectiveness of this Agreement, in case there are any differences in terms between the
Original Agreement/the Original Supplementary Agreement and this Agreement, this Agreement shall
prevail; terms absent from this Agreement shall be governed by the Original Agreement and/or the
Original Supplementary Agreement.

4. This Agreement is effective upon the signature and/or stamp of common seal by all parties to
this Agreement. This Agreement shall be signed in six counterparts, two of which shall be kept by
each of Party A, Party B and Party C. Each copy shall have the same legal effect.

 

 

 

(signature page)

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

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

Party B:

By: /s/ Guo Man

By: /s/ Xu Qing

Party C: Beijing AirMedia UC Advertising Co., Ltd.

Common seal: Beijing AirMedia UC Advertising Co., Ltd. (Seal)

 

2exv10w1

Exhibit 10.1

Novelis — 2011 Long-Term Incentive Plan (“2011 LTIP”) 

Key features of the Scheme:

	 	1.	 	Title and Administration: The plan shall be referred to as the 2011 LTIP. The plan
will be administered by Novelis Corporate Human Resources.
	 
	 	2.	 	Performance Period: For this plan, the performance period will be FY 2011, FY 2012,
FY 2013 and FY 2014. The exact period of assessment will be April 1, 2010 to March 31,
2014.
	 
	 	3.	 	Eligibility: Eligibility for this plan will be Band 5 and above. High potential and
critical resource employees at Band 6 and below will participate on an exception basis.
	 
	 	4.	 	Opportunity: The target opportunity for each Band as approved by the Compensation
Committee or the Board as appropriate.
	 
	 	5.	 	Plan Design Summary :

	 	 	 	The opportunity will be in the form of Stock Appreciation Rights (SARs) and Restricted
Stock Units (RSUs) with 80% of the opportunity in SARs and 20% of the opportunity in
RSUs.
	 
	 	 	 	Details on the SAR’s :

	 	•	 	Each SAR will be equivalent to one Hindalco share.
	 
	 	•	 	The exercise price of the SARs will be determined by using the 5 day average
closing price of Hindalco shares starting with the Board meeting date of May 25,
2010.
	 
	 	•	 	The SARs would vest 25% each year for 4 years, subject to performance criteria
being fulfilled.
	 
	 	•	 	The performance criterion for vesting is actual vs. target performance of
Normalized EBITDA for Overall Novelis as approved each year.
	 
	 	•	 	The threshold would be 75% performance of target each year, at which point 75%
of SARs due that year, would vest — there would be straight line vesting up to
100%.
	 
	 	•	 	Vested SARs could be exercised and paid in cash at any time during the
seven-year life of the plan by the employee.
	 
	 	•	 	The value of the SARs is dependent on the share price of Hindalco at the time
of exercise.
	 
	 	•	 	Cash payouts for SARs will be restricted to a maximum of 2.5 times target if
exercised within one year of vesting and a maximum of 3 times target if exercised
after first year.

	 	 	 	Details on RSU’s :

	 	•	 	Each RSU will be equivalent to one Hindalco share.
	 
	 	•	 	The initial value of each RSU will be determined by using the 5 day average
closing price of Hindalco shares starting with the Board meeting date of May 25,
2010

 

 

	 	•	 	The RSUs will vest in full on the third anniversary of the grant, May 25, 2013
at which time the value will be paid in cash to the participant subject to a cap
of 3 times the initial value.

	 	6.	 	Measures to be used for vesting of SARs: The SARs will vest subject to the target
Normalized EBITDA threshold being achieved. Normalized EBIDTA is defined as:

	 	a.	 	Net Revenues — COGS without depreciation — S&AE — R&D + Realized
G/L on Derivatives. A manual documenting how to calculate EBITDA and various
adjustments to be made to the measure will be created and agreed upon with Novelis
and Hindalco executive management. A Committee comprised of the Novelis
President, the Novelis CFO and the Hindalco CFO will consider any situations not
addressed in the manual, such as major acquisitions, divestitures and
restructuring and will recommend any adjustments to the Vice Chairman Novelis for
approval or further consideration by the appropriate authority.

	 	7.	 	Example of Computation of number of SARs: The computation of SARs is as follows:

	 	a.	 	Target Dollar Opportunity / (Black-Scholes Value [Indian Equivalent]
x current Hindalco share price) = # of Stock Appreciation Rights (SARs)
	 
	 	b.	 	Example:

	 	i.	 	Participant is a Band 3
	 
	 	ii.	 	Target Opportunity is $50,000
	 
	 	iii.	 	Assume Black Scholes value is 40%
	 
	 	iv.	 	Assume Hindalco share price on grant date is
200 Rupees and converts to $5.00 per share (assumes exchange rate of
US$1=INR40)
	 
	 	v.	 	$50,000 / (40% x $5.00) = 25,000 SARs priced
at 200 Rupees each
	 
	 	vi.	 	Subject to vesting rules and cap on payout—
participant is entitled to the gain in the market value of Hindalco
 shares with each SAR representing the opportunity on one Hindalco share

	 	8.	 	Other aspects of the plan:

	 	a.	 	Valuation: The Black Scholes method of valuation will be used. This
valuation will be used as an input to arrive at the number of SARs to be granted
to employees.
	 
	 	b.	 	Date of Grant: The SARs are granted on the date of approval from the
Board which is May 25, 2010.
	 
	 	c.	 	An individual will be entitled to participate in the 2011 LTIP if
actively employed no later than June 1, 2010. Employees hired during the
remainder of FY 2011, will be treated in the following manner :

	 	i.	 	For those who join between June — September,
SAR and RSU opportunity to be 90% of the target amount for the Band
	 
	 	ii.	 	For those who join between October — December,
SAR and RSU opportunity to be 75% of the target amount for the Band
	 
	 	iii.	 	For those who join between January — March,
there will be no SAR and RSU opportunity under this plan
	 
	 	iv.	 	After the initial grant which will be in May /
June 2010, every subsequent grant for joinees described in (i), (ii)
and (iii) above, the grant dates will be July 1, 2010, October 1, 2010
and January 1, 2011. In all cases above, the exercise price of the SARs
will be determined by using the 5 day average closing price of Hindalco
shares starting with the dates specified above.

 

 

	 	d.	 	The LTIP Opportunity for existing employees will not change for a
Band change during the year.
	 
	 	e.	 	In the case of an employee who has not been covered under the plan
previously who moves to Band 5 or higher during the year, the rules in 8.c will
apply,
	 
	 	f.	 	In the event Participant terminates employment for any reason other
than Retirement, Cause, Disability or death, (A) the SARs, to the extent vested
and exercisable at the time of such termination, shall remain exercisable until
the expiration of 90 days after such termination, on which date the SARs shall
expire, (B) the SARs, to the extent not vested and exercisable at the time of such
termination, shall expire at the close of business on the date of such termination
and (C) the RSUs will be forfeited.
	 
	 	g.	 	In the event Participant terminates employment due to Retirement on
or after May 25, 2011, the unvested SARs shall continue to vest in accordance with
the program, but in all events must be exercised no later than the third
(3rd) anniversary following Participant’s Retirement. In the event
Participant terminates employment due to Retirement before May 25, 2011, the SARs
shall expire in their entirety at the close of business on the date of such
Retirement. The RSUs will be forfeited upon Retirement.
	 
	 	h.	 	In the event of death or disability, there will be immediate vesting
of all SARs with one year to exercise. RSUs will be cashed out at the value on
the date of death or disability.
	 
	 	i.	 	Upon change in control, there would be immediate vesting and cashout
of all SARs and RSUs. The conditions for change in control would be as specified
in the individual agreements with the covered executives.

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