Equity Pledge Agreement
THIS EQUITY PLEDGE AGREEMENT (“this Agreement”) is entered into among the following parties in Beijing on June 14,
Party A: AirMedia Technology (Beijing) Co., Ltd.
Party B: Guo Man, Xu Qing, Wang Zhenyu
Party C: Beijing AirMedia UC Advertising Co., Ltd.
NOW, THEREFORE, Party A, Party B and Party C, through friendly negotiations and abiding by the principle of equality and
mutual benefit, hereby enter into this Agreement:
Guo Man, Wang Zhenyu, Xu Qing agree to pledge all their respective 51.13%, 38.22% and 10.65% equities in Party C
(“Pledged Equity”) to Party A, as a guaranty for both Party B and Party C’s payment obligations under the Original Master
The guaranty scope of pledged equity under this Agreement covers any arrear, payment, liquidated damages,
compensation and expenses from realization of principal claims and right of pledge payable but unpaid by Party B and
Party C to Party A under the Master Contracts.
(1) Party A and Party C signed the Technology Development Agreement and the Technology Support and Service Agreement
on June 14, 2007;
(2) On June 14, 2007, Party B signed the Borrowing Agreement with Party A (Technology Development Agreement,
Technology Support and Service Agreement and Borrowing Agreement are hereinafter collectively referred to as “Master
(3) Guo Man, Xu Qing and Wang Zhenyu hold 51.13%, 38.22% and 10.65% equities in Party C respectively. Party B agrees to
provide a guaranty for Party B’s and Party C’s payment obligations under the Master Contracts in the form of equity
pledge, and Party A agrees to accept the said security interest.
Scope of Pledge Guarantee
3. Term of Pledge
3.1 The pledge under this Agreement shall become effective on the date when equity pledge is recorded in Party C’s register
Within the period of pledge, Party A shall be entitled to the f