Document:

Exhibit 4.47

 

Renewal Agreement of Loan Contract

(II)

 

No.: 2012 Year -Fang Zi- No. 81120811

 

Lender: China Merchants Bank Co., Ltd., Shanghai Dongfang Sub-branch

Principal: Chen Siqing

 

Borrower: Ku6 (Beijing) Information Technology Co., Ltd.

Legal Representative/ Principal: Li Shanyou

 

Guarantor:

Legal Representative/ Principal:

Or Guarantor (for individual):

ID No.:

 

Mortgagor/ Pledgor:

Legal Representative/ Principal:

Or Mortgagor/ Pledgor (for individual):

ID No.:

 

For reasons of operation, the Borrower is unable to repay the loan under the Loan Contract (No. 81120307) (hereinafter referred to as “Loan Contract”) within the period specified in the Renewal Agreement of Loan Contract (No. 81110901) (hereinafter referred to as “Renewal Agreement”), and needs to apply for another renewal of the loan. Upon verification, the Lender accepts the Borrower’s application. The Parties, through negotiation, conclude this Agreement as follows:

 

Article 1 Renewal Agreements

 

In relation to the RMB loan of Twenty Million Yuan (in words) borrowed by the

 

 

Borrower from the Lender pursuant to the Loan Contract, there are still Twenty Million Yuan (in words) outstanding as of the expiring date of the period specified in the Renewal Agreement, namely, August 10, 2012. Now, in accordance with the provisions hereof, the loan period is renewed for another time until February 10, 2013. The Borrower shall repay all the principal and interests on the maturity date of this renewal.

 

Article 2 The Loan Rate for the Renewal Period

 

2.1 In case of RMB loan, the benchmark rate for renewal period will be the RMB loan benchmark rate of the financial institutions applicable to the new period of the accumulated loan in effective, o  increased/ o  decreased by     % according to the actual renewal condition, or the loan rate is 6.71 %.

 

The accumulated loan time means the total of the loan period under the Loan Contract, the renewal period provided in the Renewal Agreement and the renewal period specified in Article 1 of this Agreement.

 

2.2 In case of foreign exchange loan, the benchmark rate for renewal period will be     of o      month (s)/ o      day (s) of the same currency on the pricing date or one day or two days before the pricing date, increased by        base point (s) (Bps) according to the actual renewal, or the loan rate is     %.

 

2.3 Except as otherwise provided in this Article 2, other provisions of the Loan Contract in relation to loan rates remain applicable.

 

Article 3 Security Provisions

 

3.1 In the event that the loan is guaranteed, the Guarantor undertakes that it will continue to provide guarantee for such loan. The original irrevocable guarantee letter submitted to the Lender on DD/MM/YY remains valid, and the guarantee period will be changed into this renewal period plus two additional years. If the Guarantor is changed or additional Guarantor(s) is/are added, the new guarantor(s) shall issue a separate Irrevocable Guarantee Letter to the Lender.

 

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3.2 In the event that the loan is secured by mortgage/ pledge, the Mortgagor/ Pledgor undertakes that it will continue to provide mortgage/ pledge using the assets          it owns or is entitled to dispose of. The original Mortgage/ Pledge Contract (No.      ) concluded with the Lender remains valid, and the registration or filing, notarization and insurance formalities of the mortgaged/ pledged assets shall be conducted for another time as required by the Lender. If the mortgaged/ pledged assets are changed or added, in relation to the replacement or newly added mortgaged/ pledged assets, the new mortgagor or pledgor shall enter into a separate Mortgage Contract/ Pledge Contract with the Lender and conduct the mortgage/ pledge formalities.

 

Article 4 Except for the renewal of the original loan period and the loan rate newly specified in this Agreement, the other provisions of the Loan Contract and the Renewal Agreement remain valid, with which the Borrower and the Lender agree to comply.

 

Article 5 Effectiveness Conditions of this Agreement

 

5.1 In the event that the loan is guaranteed, this Agreement becomes effective on the date when the legal representatives/ principals or authorized representatives of the Lender, the Borrower and the Guarantor sign/stamp and affix with their entity official stamps (or when the legal representatives/ principals or authorized representatives of the Lender and the Borrower sign/stamp and affix with their entity official stamps, and the Guarantor signs, in the event that the Guarantor is an individual), and expires when the principal and interest and relevant expenses hereunder are fully repaid.

 

5.2 In the event that the loan is secured by mortgage/ pledge, this Agreement becomes effective on the date when the legal representatives/ principals or authorized representatives of the Lender, the Borrower and the Mortgagor/ Pledgor sign/ stamp and affix with their entity official stamps (or when the legal representatives/ principals or authorized representatives of the Lender and the Borrower sign/stamp and affix with their entity official stamps, and the Mortgagor/ Pledgor signs, in the event that the Mortgagor/ Pledgor is an individual), and expires when the principal, interest and relevant expenses hereunder are fully repaid. If registration or filing of the mortgaged/ pledged assets is required according to relevant regulations, this Agreement will become effective after the preceding signature formalities and the registration or filing of the

 

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mortgaged/ pledged assets are completed.

 

Article 6 Miscellaneous

 

6.1 This Agreement is an integral part of the Loan Contract.

 

6.2 This Agreement is made in quadruplicate and each Party holds one copy. Both copies have the same legal force.

 

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Each Party has fully negotiated with respect to all provisions of this Agreement. The bank has specifically reminded the other Parties of relevant provisions that exempt or limit the bank’s liabilities, that provide certain exclusive rights for the bank and that increase the other Parties’ liabilities or limit the other Parties’ rights, and has required the other Parties’ full and accurate understanding thereof. The bank has made corresponding explanation of the above provisions upon the other Parties’ request. The Parties hereto have a unanimous understanding of the provisions of this Agreement.

 

	
Lender:
    	
(stamp)
    	
[Seal]
    
	
 
    	
 
    	
 
    
	
Principal or   Authorized Representative
    	
[Seal]
    
	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    
	
Borrower:
    	
(stamp)
    	
[Seal]
    
	
 
    	
 
    	
 
    
	
Legal Representative/ Principal or Authorized   Representative
    	
[Seal]
    
	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    
	
Guarantor:
    	
(stamp)
    	
 
    
	
 
    	
 
    	
 
    
	
Legal Representative/ Principal or Authorized   Representative
    	
 
    
	
 
    	
 
    	
 
    
	
Guarantor (signature):
    	
(sign this column when the Guarantor is an   individual)
    
	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    
	
Mortgagor/   Pledgor:
    	
(stamp)
    	
 
    
	
 
    	
 
    	
 
    
	
Legal Representative/ Principal or Authorized   Representative
    	
 
    
	
 
    	
 
    	
 
    
	
Sign this column when   the Mortgagor/ Pledgor is an individual
    	
 
    
	
 
    	
 
    	
 
    
	
Mortgagor/   Pledgor (signature):
    	
(Sign this column when the Mortgagor/ Pledgor is an   individual)
    
				

 

Execution Date: August 11, 2012

 

4Exhibit 4.49

 

Loan Agreement

 

This Loan Agreement (hereinafter referred to as this “Agreement”) is entered into on this 26th day of March, 2012 in Hong Kong by and between:

 

Shanda Capital Limited  (hereinafter referred to as the “ Borrower”), a company incorporated and existing in accordance with the laws of the British Virgin Islands with its principal business address at Commerce House,Wickhams Cay 1,P.O.Box 3140,Road Town,British Virgin Islands,VG1110; and

 

Ku6 Media co., Ltd. (hereinafter referred to as the “Lender”), a company incorporated and existing in accordance with the laws of the Cayman Islands with its principal business address at Cricket Square, Hutchins Drive, P.O. Box 2681 Grand Cayman,KY1-1111 ,Cayman Island.

 

The Borrower and the Lender may hereafter collectively be referred to as the “Parties” and, individually, as the “Party”.

 

1.                                      Amount of Loan

 

Subject to provisions of this Agreement, the Lender hereby agrees to grant a loan (the “Loan”) in the aggregate amount of USD 470,000 to the Borrower.

 

2.                                      Purpose of Loan

 

The Borrower shall use the Loan for general corporate purposes.

 

3.                                      Loan Interest

 

The Borrower agrees to pay interest in respect of all unpaid principal amounts of the Loan from the respective dates such principal amounts are advanced until paid (whether at stated maturity, on acceleration or otherwise) at a rate per annum equal to 3%, payable on the loan due date, commencing on the loan withdrawing date.

 

4.                                      Repayment of Loan

 

All outstanding principal amounts of the Loan will mature on Mar 25th, 2013, unless otherwise demanded by the Lender in writing upon giving the Borrower at least ten (10) days notice. Unless otherwise agreed by the Lender, the Borrower may not prepay the Loan prior to such maturity date.

 

Borrower shall fully repay and pay off the entire loan principal and the interest accrued thereof before Mar 25th, 2013. The interest shall be calculated based on the agreed interest rate and the actual borrowing days, which shall be settled and paid off along with the repayment of the loan principal.

 

 

5.                                      Governing Law

 

This Agreement shall be governed by and construed in accordance with the law of Hong Kong, without regard to the conflicts of law rules of Hong Kong.

 

6.                                    Dispute Resolution

 

6.1            If any dispute arises between the Parties hereto in connection with or arising out of the validity, interpretation, implementation or alleged breach of any provision of, or based on any matter arising out of or in connection with, this Agreement, or the transactions contemplated hereby, the Parties hereto shall endeavor to negotiate and settle such dispute amicably. The foregoing provision for mandatory negotiation is deemed an agreement to arbitrate for purposes of enforcing compliance. If a Party gives the other Party notice that such a dispute has arisen and the Parties to such dispute are unable to resolve the dispute amicably within 30 calendar days of such notice, the attempt to bring about an amicable settlement shall be considered to have failed.

 

6.2            In the event of such failure, such dispute (including any issues as to the arbitrability of such dispute) shall be submitted to binding arbitration, administered by a single arbitrator (the “Arbitrator”) in Hong Kong, in accordance with the Rules of the Hong Kong International Arbitration Center, as amended by this Agreement.

 

6.3            The non-prevailing Party shall be required to bear the costs of the arbitration proceedings including the fees and expenses of the Arbitrator. Each Party shall bear the costs of preparing and presenting its case, including its own attorney’s fees. The Parties agree that this provision and the Arbitrator’s authority to grant relief shall be subject to the provisions of this Agreement. The Arbitrator’s decision shall follow the plain meaning of this Agreement and shall be final and binding.

 

7.                          Miscellaneous

 

7.1            No provision of this Agreement may be amended or otherwise modified except by an instrument in writing executed by both Parties.

 

7.2            Anything not covered herein shall be made in a supplementary agreement upon the negotiation of the Parties. Such supplementary agreement shall have the same force and effect with this Agreement.

 

7.3            This Agreement is made in two (2) counterparts with the Borrower and the Lender holding one (1) counterpart.

 

 

[Signature Page Follow]

 

IN WITNESS WHEREOF, the Parties have caused their authorized representatives to enter into this Agreement as of the date and year first above written.

 

	
Borrower
    	
 
    
	
 
    	
 
    
	
Authorized Representative:
    	
 
    
	
 
    	
 
    
	
Name: 
    	
/s/ Danian Chen
    	
 
    	
 
    
	
 
    	
 
    	
 
    
	
 
    	
 
    
	
Lender
    	
 
    
	
 
    	
 
    
	
Authorized Representative:
    	
 
    
	
Name: 
    	
/s/ Yu Shi

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