Document:

EX-4.27

Exhibit 4.27

English Translation

Supplementary Agreement No. 2 to the

Amended and Restated Equity Pledge Agreement

This Supplementary Agreement No. 2 (“this Agreement”) is entered into among the following parties
in Beijing on November 28, 2008:

	 	 	 
	Party A:

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

	 	Guo Man, Wang Zhenyu, Xu Qing, Zhang Xiaoya, Beijing Shengshi
Lianhe Advertising Co., Ltd.
	 
	 	 
	Party C:

	 	Beijing AirMedia Advertising Co., Ltd.

WHEREAS:

	(1)	 	Party A, Party B and Party C signed the Amended and Restated Equity Agreement and its
supplementary agreement No. 1 (the “Original Agreement”) in June 2007 and June 2008,
respectively, by which it was agreed that Party B shall pledge all their equity interests in
Party C to Party A;

	(2)	 	Guo Man and Wang Zhenyu signed an Equity Transfer Agreement in November 2008, by which it was
agreed that Wang Zhenyu shall transfer all his equity interests in Party C to Party B. After
the transfer, Guo Man’ s equity interests in Party C changed from 1.615% to 2.833%.

     Now therefore, after friendly negotiation among Parties A, B and C, the Original Agreement
shall be amended, and each of the party agrees on the following the terms and conditions:

	1.	 	Party A agrees that Wang Zhenyu transfers to Guo Man and Xu Qing all of his equity interests
that was pledged to Party A under the Original Agreement.

	2.	 	Guo Man agrees to pledge all of his 2.833% equity interests in Party C to Party A after the
above-said transfer is completed. The purpose of the pledge shall be the same as stated in the
Original Agreement, and Guo Man agrees to perform his obligations set out in the Original
Agreement.

	3.	 	Upon effectiveness of this Agreement, in case of any difference 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.

	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 fourteen counterparts, two of which shall
be kept by each of Party A and Party C, and ten shall be kept by Party B. All counterparts
shall have the same legal effect.

[No text below]

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

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

Party B:

Signature: /s/ Guo Man

Signature: /s/ Wang Zhenyu

Signature: /s/ Xu Qing

Signature: /s/ Zhang Xiaoya

Beijing Shengshi Lianhe Advertising Co., Ltd.

Common seal: Beijing Shengshi Lianhe Advertising Co., Ltd. (Seal)

Party C: Beijing AirMedia Advertising Co., Ltd.

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

2EX-4.29

Exhibit 4.29

English Translation

Supplementary Agreement No. 1 to

the Amended and Restated Call Option Agreement

     This Supplementary Agreement No. 1 (“this Agreement”) is entered into among the following
parties in Beijing on June 19, 2008:

	 	 	 
	Party A:

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

	 	Guo Man, Wang Zhenyu, Xu Qing, Zhang Xiaoya and Beijing Shengshi Lianhe Advertising Co., Ltd.
	 
	 	 
	Party C:

	 	Beijing AirMedia Advertising Co., Ltd.

WHEREAS:

	(1)	 	Parties A, B and C signed the Amended and Restated Call Option Agreement on June 14, 2007
(“Original Agreement”);

	(2)	 	The registered capital of Party C was increased from RMB 10 million to RMB 50 million on June
19, 2008;

	(3)	 	After Party C has increased its registered capital, the respective shareholding of each
person of Party B in Party C became: Guo Man holds 1.615% equity interests; Wang Zhenyu holds
1.218% equity interests; Xu Qing holds 0.241% equity interests; Zhang Xiaoya holds 0.166%
equity interests and Beijing Shengshi Lianhe Advertising Co., Ltd. holds 96.76% equity
interests.

     Now therefore, after friendly negotiation among Parties A, B and C, the Original Agreement
shall be amended, and each of the party agrees on the following the terms and conditions:

	1.	 	Article no. 1 under the recital part of the Original Agreement starting with “WHEREAS” shall
be amended to “Guo Man, Wang Zhenyu, Xu Qing and Zhang Xiaoya, each of which being a citizen
of the People’s Republic of China (“China”, solely for the purpose of this Agreement,
excluding Hong Kong Special Administrative Region, Macao Special Administrative Region and
Taiwan), Beijing Shengshi Lianhe Advertising Co., Ltd., a limited liability company
incorporated in Beijing under the laws of the People’s Republic of China, respectively hold
1.615%, 1.218%, 0.241%, 0.166 and 96.76% equity interests in Party C.

	2.	 	Upon effectiveness of this Agreement, in case of any difference 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.

	3.	 	This Agreement is effective upon the signature by all parties to this Agreement. This
Agreement shall be signed in six counterparts, and each party shall keep one counterpart. All
counterparts shall have the same legal effect.

[No text below]

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

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

Party B:

Signature: /s/ Guo Man

Signature: /s/ Wang Zhenyu

Signature: /s/ Xu Qing

Signature: /s/ Zhang Xiaoya

Beijing Shengshi Lianhe Advertising Co., Ltd.

Common seal: Beijing Shengshi Lianhe Advertising Co., Ltd. (Seal)]

Party C: Beijing AirMedia Advertising Co., Ltd.

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

2EX-4.30

Exhibit 4.30

English Translation

Supplementary Agreement No. 2 to

the Amended and Restated Call Option Agreement

     This Supplementary Agreement No. 2 (“this Agreement”) is entered into among the following
parties in Beijing on November 28, 2008:

	 	 	 
	Party A:

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

	 	Guo Man, Wang Zhenyu, Xu Qing, Zhang Xiaoya and Beijing Shengshi Lianhe Advertising Co., Ltd.
	 
	 	 
	Party C:

	 	Beijing AirMedia Advertising Co., Ltd.

WHEREAS:

	(1)	 	Parties A, B and C signed the Amended and Restated Call Option Agreement and its
supplementary agreement No. 1 in June 2007 and June 2008, respectively (the “Original
Agreement”);

	(2)	 	Guo Man and Wang Zhenyu signed an Equity Transfer Agreement in November 2008, by which it was
agreed that Wang Zhenyu shall transfer all his equity interests in Party C to Party B. After
the transfer, Guo Man’s equity interests in Party C changed from 1.615% to 2.833%.

     Now therefore, after friendly negotiation among Parties A, B and C, the Original Agreement
shall be amended, and each of the party agrees on the following the terms and conditions:

	1.	 	Party A agrees that Wang Zhenyu transfers all his equity interests in Party C to Guo Man.

	2.	 	After the transfer, Guo Man agrees to grant Party A the call option to purchase the 2.833%
equity interests that he owns in Party C, pursuant to the terms and conditions under the
Original Agreement.

	3.	 	Upon effectiveness of this Agreement, in case of any difference 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.

	4.	 	This Agreement is effective upon the signature by all parties to this Agreement. This
Agreement shall be signed in fourteen counterparts, two of which shall be kept by each of
Party A and Party C, and ten shall be kept by Party B. All counterparts shall have the same
legal effect.

[No text below]

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

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

Party B:

Signature: /s/ Guo Man

Signature: /s/ Wang Zhenyu

Signature: /s/ Xu Qing

Signature: /s/ Zhang Xiaoya

Beijing Shengshi Lianhe Advertising Co., Ltd.

Common seal: Beijing Shengshi Lianhe Advertising Co., Ltd. (Seal)

Party C: Beijing AirMedia Advertising Co., Ltd.

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

2EX-4.31

Exhibit 4.31

Translation

Supplementary Agreement to the Loan Agreement

     THIS Supplementary Agreement (“this Agreement”) is entered into by the parties below in
Beijing on November 28, 2008:

	 	 	 
	Party A:

	 	AirMedia Technology (Beijing) Co., Ltd.
	 

	 	Registered address: Room 3088, Building 1, No. 2 of Hengfu Zhongjie,
Science Town, Fengtai District, Beijing
	 
	 	 
	Party B:

	 	Guo Man
	 

	 	ID No.: 110102196305041171

WHEREAS,

	1.	 	Party A is a wholly foreign-owned enterprise incorporated under the laws of the People’s
Republic of China (“PRC”);

	2.	 	Party A entered into a Loan Agreement (the “Original Agreement”) on June 14, 2007 with Party
B, Xu Qing, Wang Zhenyu, Zhang Xiaoya, by which Party A offered a loan of RMB1,620,000 to
Party B, Xu Qing, Wang Zhenyu and Zhang Xiaoya for their investment in the equity of Beijing
AirMedia Advertising Co., Ltd. (“AMAD”). After the aforesaid investment, Party B, Xu Qing,
Wang Zhenyu and Zhang Xiaoya respectively holds 1.615%, 0.241%, 1.218% and 0.166% of the
equity of AMAD.

	3.	 	Party A agrees to offer Party B a second loan of RMB609,120 for his purpose of acquiring the
1.218% equity interests of AMAD held by Wang Zhenyu, a shareholder of AMAD.

NOW THEREFORE, through friendly negotiations, both parties hereby agree as follows:

	1.	 	Party A shall provide Party B an interest-free loan of RMB609,120, apart from the loan
offered by the Original Agreement. Party B agrees to accept the aforesaid loan.

	2.	 	Party B hereby confirms that the aforesaid loan has been duly received and has been used to
acquire the equity of AMAD held by Wang Zhenyu. After the acquisition, Party B holds 2.833% of
the equity of AMAD.

	3.	 	Party B shall perform the borrowers’ obligations in the Original Agreement with respect to
the loan offered by Party A in this Agreement.

	4.	 	The remaining terms in the Original Agreement shall remain unchanged. This Agreement is a
supplementary agreement to the Original Agreement, and shall have the same legal effect as the
Original Agreement. For any inconsistencies between this Agreement and the Original Agreement,
this Agreement prevails. The Original Agreement shall prevail for any matters not provided for
by this Agreement.

 

 

	5.	 	This Agreement shall become effective from the date of signing or the imprinting of seals by
both parties. This Agreement is executed in four originals, with each party hereto holding two
originals. All originals have the same legal effect.

[No text below]

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

Party B: Guo Man

              /s/ Guo Man

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LOAN AGREEMENT

     THIS LOAN AGREEMENT (“this Agreement”) is entered into by the parties below in Beijing on June
14, 2007:

	 	 	 
	Party A:

	 	AirMedia Technology (Beijing) Co., Ltd.
	 

	 	Registered address: Room 3088, Building 1, No. 2 OF Hengfu Zhongjie, Science
Town, Fengtai District, Beijing
	 
	 	 
	Party B:

	 	Xu Qing
	 

	 	ID No.: 11010119610220531X
	 
	 	 
	Party C:

	 	Guo Man
	 

	 	ID No.: 110102196305041171
	 
	 	 
	Party D:

	 	Wang Zhenyu
	 

	 	ID No.: 410103196311087018
	 
	 	 
	Party E:

	 	Zhang Xiaoya
	 

	 	ID No.: 130104196210091519

WHEREAS,

	1.	 	Party A is a wholly foreign-owned enterprise incorporated under the laws of the People’s
Republic of China (“PRC”);

	2.	 	Party B, Party C Party D and Party E are PRC citizens and Party B holds 1.21% of the equity
of Beijing AirMedia Advertising Co., Ltd. (“AMAD”), Party C holds 8.07% of the equity of AMAD,
Party D holds 6.09% of the equity of AMAD and Party E holds 0.83% of the equity of AMAD;
(separately or together as “Target Equity”)

	3.	 	Party A undertook to provide Party B, Party C, Party D and Party E (separately or together as
the “Borrower”) on October 22, 2005 a sum of RMB1,620,000 as interest-free loan for the
Borrower to purchase the equity of AMAD.

NOW THEREFORE, through friendly negotiations, the parties hereby agree as follows:

	1.	 	Party A lent to the Borrower an interest-free loan of a total of RMB1, 620,000, which
includes the loan of RMB120,690 to Party B, the loan of RMB 807,246 to Party C, the loan of
RMB 60,912 to Party D and the loan of RMB 82,944 to Party E (each of the aforesaid loans, or
together, “Loan”); the Borrower agrees to accept the aforesaid Loan.

	2.	 	The Borrower hereby confirms that the aforesaid Loan should be used for the purchase of the
equity of AMAD.

	3.	 	The loan term under this Agreement starts from the date when the Borrower receives the Loan
until ten (10) years after signing of this Agreement and may be extended subject to the mutual
agreement between the parties. During the loan term or any

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	 	 	extension thereof, Party A may inform the Borrower in writing that all or part of the Loan
under this Agreement is due and payable immediately and request the Borrower to repay the
Loan in the manner as specified herein if:

	 	(1)	 	The Borrower resigns from or is dismissed by Party A or any of its affiliates;
	 
	 	(2)	 	The Borrower dies or loses its civil capacity or with limited capacity for
civil conduct;
	 
	 	(3)	 	The Borrower commits a crime or is involved in a crime;
	 
	 	(4)	 	Any other third party claims more than RMB100,000 against the Borrower; or
	 
	 	(5)	 	To the extent permitted by PRC laws, Party A or its designated person may
invest in the advertising agency and distribution businesses that AMAD is engaged in.
Party A may also give the Borrower a written notice about purchasing the Borrower’s
equity in AMAD according to the provisions of the “Call Option Agreement” as set forth
in Article 4 below to exercise its call option.

	4.	 	The parties hereby agree and acknowledge that, to the extent permitted by PRC laws, Party A
shall be entitled but not obliged to, at any time, purchase, or designate other person
(including natural person, legal person or any other entity), to purchase all or part of the
equity held by Party B and/or Party C and/or Party D and/or Party E in AMAD (the “Call
Option”), provided, however, that Party A shall give a written notice about equity purchase to
Party B, Party C Party D and Party E. When Party A exercise the Call Option, the purchase
price of the Target Equity (“Equity Price”) shall be the lowest price permitted by the then
applicable PRC laws, unless the Target Equity shall be valued or the Equity Price is otherwise
specified restrictively by the then applicable PRC laws. The parties agree to execute the
“Call Option Agreement” with respect thereto.

	5.	 	The parties hereby agree and acknowledge that Party B and/or Party C and/or Party D and/or
Party E shall repay the Loan only in the manner as given below: when the Loan is due, at Party
A’s written request, if permitted by PRC laws, the Borrower or any of its successors,
assignees shall transfer its equity in AMAD to Party A or its designee and use the proceeds
from such equity transfer to repay the Loan under this Agreement.

	6.	 	The parties hereby agree and acknowledge that, except as otherwise provided herein, the Loan
under this Agreement shall be interest-free. However, when the Loan is due and the Borrower
needs to transfer its equity hereof to Party A or its designee, if the actual equity transfer
price is higher than the Borrower’s loan principal due to legal requirements or other causes,
the excess shall be deemed as the loan interest or fund utilization costs to the extent
permitted by PRC laws, and be paid to Party A together with the loan principal.

	7.	 	The parties hereby agree and acknowledge that the Borrower’s obligations under this Agreement
are deemed to be fully performed only if all the following requirements are met:

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	 	(1)	 	The Borrower has transferred all its equity in AMAD to Party A and/its
designee; and
	 
	 	(2)	 	The Borrower has paid to Party A as loan repayment all proceeds from equity
transfer.

	8.	 	Party A hereby represents and warrants to the Borrower that, as of the execution date of this
Agreement:

	 	(1)	 	Party A is a wholly foreign-owned enterprise incorporated and validly existing
under PRC laws;
	 
	 	(2)	 	Party A has the authority to execute and perform this Agreement. The execution
and performance by Party A of this Agreement comply with its business scope, articles
of association or other organizational documents and Party A has obtained all the
necessary and appropriate approvals and authorizations with respect to the execution
and performance of this Agreement;
	 
	 	(3)	 	The loan principal offered to the Borrower is legally own by Party A;
	 
	 	(4)	 	The execution and performance of this Agreement by Party A do not violate any
laws, regulations, government approvals, authorizations, notices or other government
documents binding upon or influencing it, any agreement signed by it with any third
party or any undertaking made by it to any third party; and
	 
	 	(5)	 	Once executed, this Agreement shall constitute a legal, valid and binding
obligation of Party A, enforceable against Party A in accordance with its provisions.

	9.	 	The Borrower hereby represents and warrants to Party A that, from the execution date of this
Agreement until this Agreement terminates:

	 	(1)	 	AMAD is a limited liability company incorporated and validly existing under PRC
laws and the Borrower legally owns the equity of AMAD.
	 
	 	(2)	 	The Borrower has the authority to execute and perform this Agreement. The
execution and performance by the Borrower of this Agreement comply with the articles of
association or other organizational documents of AMAD and the Borrower has obtained all
necessary and appropriate approvals and authorizations with respect to the execution
and performance of this Agreement;
	 
	 	(3)	 	The execution and performance of this Agreement by the Borrower do not violate
any laws, regulations, government approvals, authorizations, notices or other
government documents binding upon or influencing it, any agreement signed by it with
any third party or any undertaking made by it to any third party;

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	 	(4)	 	Once executed, this Agreement shall constitute a legal, valid and binding
obligation of the Borrower, enforceable against the Borrower in accordance with its
provisions;
	 
	 	(5)	 	The registered capital of AMAD has been paid up by the Borrower and AMAD has
obtained capital verification report issued by a qualified accounting firm;
	 
	 	(6)	 	Except the provisions stipulated in Equity Pledge Agreement and Call Option
Agreement as of June 14, 2007, the Borrower has not mortgaged, pledged or otherwise
encumbered its equity in AMAD, solicited an offer about the transfer of such equity to
any third party, made any commitment about the offer of any third party to purchase
such equity, or executed any agreement with any third party to transfer such equity;
	 
	 	(7)	 	There are no actual or threatened disputes, litigations, arbitrations,
administrative proceedings or other legal proceedings in connection with the Borrower’s
equity in AMAD; and
	 
	 	(8)	 	AMAD has completed all government approvals, authorizations, licenses,
registrations, filing and other procedures necessary to carry out the business
activities within its business scope and to possess its assets.

	10.	 	The Borrower covenants that it shall, during the term of this Agreement,

	 	(1)	 	Without Party A’s prior written consent, not sell, transfer, mortgage or
otherwise dispose of or allow any other security interest to be created on its equity
or other interests in AMAD, except the equity pledge and other rights set for the
benefit of Party A in the Equity Pledge Agreement as of June 14, 2007;
	 
	 	(2)	 	Without Party A’s prior written consent, not cause the shareholders’ meeting of
AMAD to adopt a resolution on selling, transferring, mortgaging or otherwise disposing
of, or allow any other security interest to be created on, its legal or beneficial
interest in AMAD, except to Party A and its designee;
	 
	 	(3)	 	Without Party A’s prior written consent, not vote for, support or sign at the
shareholders’ meeting of AMAD any resolution approving AMAD to be merged or
consolidated with, acquire or invest in any person;
	 
	 	(4)	 	Promptly inform Party A of any litigation, arbitration or administrative
proceedings pending or threatened against the Borrower’s equity in AMAD;
	 
	 	(5)	 	Execute all necessary or appropriate documents, take all necessary or
appropriate actions and bring all necessary or appropriate lawsuits or make all
necessary and appropriate defenses against all claims in order to maintain its equity
in AMAD;
	 
	 	(6)	 	Not do any act and/or omission that may materially affect the assets, business
and liabilities of AMAD without Party A’s prior written consent;

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	 	(7)	 	At Party A’s request, appoint any person nominated by Party A as the director
of AMAD;
	 
	 	(8)	 	When Party A exercises its Call Option, transfer all of the Borrower’s equity
in AMAD promptly and unconditionally to Party A and/or its designee to the extent
permitted by PRC laws;
	 
	 	(9)	 	Not request AMAD to distribute dividends or profits to it;
	 
	 	(10)	 	In case its equity in AMAD is transferred to Party A or its designee, the
Borrower will pay all equity transfer proceeds to Party A as the loan principal and
loan interests or fund utilization costs to the extent permitted by PRC laws; and
	 
	 	(11)	 	Comply strictly with the provisions of this Agreement, fully perform its
obligations under this Agreement and not do any act or omission that affects or impairs
the validity and enforceability of this Agreement.

	11.	 	Within the term of this Agreement, the Borrower undertakes that it will, in the capacity of
the shareholder of the AMAD, cause AMAD:

	 	(1)	 	Not to supplement, amend or modify its articles of association in any way, or
to increase or decrease its registered capital, or to change its capital structure in
any way without Party A’s prior written consent;
	 
	 	(2)	 	To maintain and operate its business and deal with matters prudently and
effectively, in coherence with good financial and business rules and practices;
	 
	 	(3)	 	Not to sell, transfer, mortgage or otherwise dispose of, or cause any other
security interest to be created on, any of its assets, business or the beneficial or
legal interests of its income at any time after the signing of this Agreement without
Party A’s prior written consent;
	 
	 	(4)	 	Not to create, succeed, guarantee or permit any liability, without Party A’s
prior written consent, except (i) the liability arising from the normal course of
business, but not arising from loans; and (ii) the liability reported to Party A and
approved by Party A in writing;
	 
	 	(5)	 	To operate persistently all the business in the normal course of business to
maintain the value of its assets;
	 
	 	(6)	 	Not to execute any material contracts (a contract will be deemed material if
its value exceeds RMB 100,000), without Party A’s prior written consent, other than
those executed during the normal course of business;
	 
	 	(7)	 	To provide information concerning all of its operations and financial
performance at Party A’s request;
	 
	 	(8)	 	Not to be merged or consolidated with, acquire or invest in, any other person
without Party A’s prior written consent;
	 
	 	(9)	 	Not to amend the articles of association of the Borrower (if any) in any way;

8

 

	 	(10)	 	Not to distribute dividends to its shareholders in any way without Party A’s
prior written consent. However, AMAD shall promptly distribute all its distributable
profits to Party A’s shareholders upon Party A’s request;
	 
	 	(11)	 	To inform promptly Party A of any pending or threatened suit, arbitration or
administrative proceedings concerning its assets, business or income;
	 
	 	(12)	 	To execute all necessary or appropriate documents, to take all necessary or
appropriate actions and to bring all necessary or appropriate lawsuits or to make all
necessary and appropriate defenses against all claims in order to maintain the
ownership over all its assets;
	 
	 	(13)	 	To comply strictly with the terms of Technology Support and Service Agreement,
Technology Development Agreement Equity Pledge Agreement and Call Option Agreement as
of June 14, 2007, and any other agreements executed by it with Party A from time to
time, to perform its obligations under aforesaid agreements, and not to do any act or
omission that affects the validity and enforceability of such agreements;

	12.	 	This Agreement shall be binding on and inure to the benefit of the parties and their
respective successors and assignees. Without prior written approval of Party A, the Borrower
shall not transfer, pledge or otherwise assign any of its rights, benefits or obligations
under this Agreement.

	13.	 	The Borrower hereby agrees that Party A may assign its rights and duties under this Agreement
to a third party without requiring the Borrower’s consent, but such transfer shall be notified
in writing to the Borrower.

	14.	 	The formation, validity, interpretation, performance, amendment and termination of and
resolution of disputes in connection with this Agreement shall be governed by PRC laws.

	15.	 	Arbitration.

	 	(1)	 	Any dispute, controversy or claim arising from the interpretation or
performance in connection with this Agreement (including any question regarding its
existence, validity or termination) shall be settled by the parties through friendly
consultations. In case no settlement can be reached within thirty (30) days after one
party makes a request for settlement, either party may submit such dispute to China
International Economic and Trade Arbitration Commission (“CIETAC”) for arbitration in
accordance with its rules. The arbitration award shall be final and binding upon the
parties.
	 
	 	(2)	 	The seat of arbitration should be Beijing.
	 
	 	(3)	 	The language of arbitration proceedings shall be Chinese.

	16.	 	This Agreement shall be formed on its signing date. The parties agree and acknowledge that
the terms and conditions of this Agreement shall be effective as of October 22, 2005, the date
on which Party A granted the Loan to Party B, until the parties have performed their
obligations under this Agreement.

9

 

	17.	 	The Borrower cannot terminate or revoke this Agreement unless (a) Party A commits a gross
negligence, fraud or other material illegal acts; or (b) Party A goes bankrupt.

	18.	 	This Agreement may not be amended or modified except with a mutual agreement reached by the
parties. In case of anything not covered herein, the parties may sign a written supplementary
agreement. Any amendment, modification, supplement or annex to this Agreement shall form an
integral part of this Agreement.

	19.	 	This Agreement constitutes the entire agreement between the parties with respect to the
subject matter hereof and supersedes all prior oral discussions or written agreements reached
by the parties with respect to the subject matter hereof.

	20.	 	This Agreement is severable. If any provision of this Agreement is held to be invalid or
unenforceable, such provision shall not affect the validity and enforceability of the
remainder of this Agreement.

	21.	 	Each party hereto should keep in strict confidence the information concerning the other
party’s business, operation, financial performance or other confidential data obtained under
this Agreement or during the performance of this Agreement.

	22.	 	Any obligation accrued before the expiration or premature termination of this Agreement shall
survive such expiration or premature termination. Articles 14, 15 and 21 shall survive the
termination of this Agreement.

	23.	 	This Agreement is executed in ten originals, with each party hereto holding two originals.
All originals have the same legal effect.

IN WITNESS WHEREOF, each party has caused this Agreement to be executed by itself or its legal
representative or authorized representative as of the day and year as first above written.

[No text below]

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[Signing Page]

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

Legal Representative

Authorized Representative: /s/ Guo Man 

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

Party B: Xu Qing

Signature: /s/ Xu Qing

Party C: Guo Man

Signature: /s/ Guo Man 

Party D: Wang Zhenyu

Signature: /s/ Wang Zhenyu

Party E: Zhang Xiaoya

Signature: /s/ Zhang Xiaoya

11

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