Equity Transfer Agreement Between Hurray! Digital Media Technology Co., Ltd.) And Huayi Brothers Media Corporation) Relating to Equity Interest in Beijing Huayi Brothers Music Co., Ltd. Dated on May 17, 2010

(Beijing Huayi Brothers Music Co., Ltd.) ( “Huayi Music”) is a limited liability company incorporated and duly existing under the laws of the People’s Republic of China and its total registered capital is RMB5, 969,388, among of which, Party A contributes RMB3, 044,387.9 and thus owns 51% equity interest in Huayi Music; (Beijing Brothers ShengShi Enterprise Management Co., Ltd.) contributes RMB2,089,285.8 and thus owns 35% equity interest in Huayi Music; (Beijing QiXinWeiYe Culture Development Co., Ltd) contributes RMB835,714.3 and thus owns 14% equity interest in Huayi Music. As of the execution date of this Agreement, Party A is entitled to enjoy all rights as a shareholder of Huayi Music based on its contributions to Huayi Music.

(Huayi Brothers Music Broker Co., Ltd.) (“Huayi Music Broker”) is a wholly owned subsidiary of Huayi Music, and Huayi Music owns 100% equity interest in Huayi Music Broker. The legal representative of Huayi Music Broker is ▇▇. ▇▇, Feng .

Party B is a limited liability company incorporated and duly existing under the laws of the People’s Republic of China. Party A intends to assign to, and Party B intends to acquire Party A’s 51% equity interest in Huayi Music.

According to this Agreement, Party A agrees to assign to Party B, and Party B agrees to acquire Party A’s 51% equity interest in Huayi Music along with all the rights in relation to such equity interest (the “Transferred Equity”).

As of the date when Party B pays to Party A the Purchase Price in accordance with Article 2 hereof, Party B shall enjoy all rights and take all obligations in term of the Transferred Equity, and Party A shall cease to enjoy any right or take any obligation relating to the Transferred Equity.

The parties to this Agreement agree to go through all the procedures of the Transferred Equity in accordance with the provisions and time limit of this Agreement, including but not limited to: change of registration with the registration authority etc. In order to facilitate such procedures, the parties to this Agreement further agree to sign the relevant documents relating to the Transferred Equity (including without limitation the standard share transfer agreement as required by the registration authority, shareholders’ resolutions, board resolutions and other documents as required by the registration authority ( if any) when proceeding with the change registration with the registration authority, and also agree to provide relevant materials and information (collectively “ Documents”). The Documents will be the appendices of this Agreement and take into effect upon execution. The Documents have the same legal force with this Agreement.

Both Party A and Party B agree that the standard share transfer agreement as required by the registration authority is only used for filing with the registration authority, if there is any discrepancy between such standard share transfer agreement and this Agreement, then this Agreement shall prevail.

The parties to this Agreement agree that the Transferred Equity will not have effect on the fact that Huayi Music owns 100% equity interest in Huayi Music Broker. The parties to this Agreement agree to simultaneously sign registration documents to be submitted to the registration authority in terms of changes of Huayi Music Broker incurred by this Transferred Equity when signing the Documents as stipulated under Article 2 of this Agreement.

This Agreement takes into effect upon the signature and sealing date by each party to this Agreement.

Each party to this Agreement agrees that, as of the execution date of this Agreement, Party A shall sign and provide Party B the following documents:

The Transferred Equity as contemplated under this Agreement is approved by the shareholders of Huayi Music;

The Documents as required for handling change of registration with the registration authority under item 3 of Article 1 of this Agreement are signed by each party or its duly authorized representative, and all the legal documents as required for validating this Transferred Equity have been obtained legally.

The documents which may affect change of registration of Huayi Music Broker incurred by the Transferred Equity under the item 4 of Article 1 of this Agreement are signed by each party or its duly authorized representative, and all the legal documents as required for handling change of registration with the registration authority have been obtained legally.

Huayi Music and Huayi Music Broker shall, within 15 days of the execution date of this Agreement, complete the change of registration with the relevant registration authority. Party A and Party B shall assist Huayi Music and Huayi Music Broker to finish such change of registration procedures.

Upon completion of the change of registration for the Transferred Equity, Party A shall cease to be the shareholder of Huayi Music, and Party B shall own 51% equity interest in the total registered capital of Huayi music.

Upon completion of the change of registration for directors, the original board members, (Guo, xiaoqing), (Wu, feng) and (▇▇▇▇, ▇▇▇▇▇▇▇) who are appointed by Party A shall not continue to take the directors positions in Huayi Music and thus shall submit their formal resignation reports.

Upon completion of the change of registration for the legal representative, the original legal representative, ▇▇. ▇▇, Feng shall not continue to take the legal representative position and thus shall submit his formal resignation report.

Upon completion of the change of registration for the supervisors, the supervisors originally appointed by Party A shall not continue to take the supervisors positions and thus shall submit their formal resignation reports.

The Articles of Association shall be amended in accordance with Party B’s requirements, and the relevant change of registration shall be completed.

Upon completion of the change of registration for the Transferred Equity, the shareholder shall be changed from Party A to Party B.

Upon completion of the change of registration for directors, the original board members of Huayi Music, (Guo, xiaoqing), (Wu, feng) and (▇▇▇▇, ▇▇▇▇▇▇▇) who are appointed by Party A shall not continue to take the directors positions in Huayi Music and thus shall submit their formal resignation reports respectively.

Upon completion of the change of registration for the legal representative, the original legal representative, ▇▇. ▇▇, Feng shall not continue to take the legal representative position and thus shall submit his formal resignation report.

Upon completion of the change of registration for the supervisors, the supervisors originally appointed by Party A shall not continue to take the supervisors positions and thus shall submit their formal resignation reports.

The Articles of Association shall be amended in accordance with Party B’s requirements, and the relevant change of registration shall be completed.

Huayi Music is responsible for the change of registration with the registration authority, and the relevant expenses and costs shall be borne at its own cost. After receiving the notice issued by the registration authority in terms of the completion of the Transferred Equity (namely the date when the registration authority issues the new business license to Huayi Music and Huayi Music Broker), Huayi Music will serve a written notice to Party A and Party B, until then the change of registration with the registration authority mentioned in this Article will be deemed as formally completed.

Party A’s subscribed contributions have been fully contributed on time in accordance with the shareholding percentage, and thus Party A has obtained the equity interest accordingly.

Party A has all necessary rights, power and abilities to sign and perform all the liabilities and obligations under this Agreement, in addition, Party A has obtained all the approvals and/or authorizations to sign and perform this Agreement. This Agreement will be legally binding on Party A upon execution.

Party A legally owns the Transferred Equity and has the full capacity for civil right and civil conduct to assign the Transferred Equity. Party A has obtained all necessary approvals.

The execution and performance of this Agreement by Party A do not violate any laws or any legal document such as Articles of Association, contracts or agreements etc. or any governmental permit or approval which may be binding on Party A.

Party A warranties that Transferred Equity under this Agreement is in a complete status, and the Transferred Equity is clear of any pledges, preemptive rights or any other types of claims from any third parties, and the Transferred Equity does not have, no matter currently or in future, any contrary content to the rights and interests included in this Equity Transfer.

Party A will, in accordance with the Articles 3 and 4 of this Agreement to provide the relevant documents with Party B, and will assist Huayi Music and Huayi Music Broker to complete all the change of registration procedures in terms of the Transferred Equity with the registration authority.

Party B has all rights to proceed with the purchase of Party A’s equity interest under this Agreement, and Party B has obtained all the approvals and/or authorizations to sign and perform this Agreement.

The execution and performance of this Agreement by Party B, at no time, violate any laws or any legal document such as Articles of Association, contracts or agreements etc. or any governmental permit or approval which may be binding on Party B.

Party B will strictly abide by the provisions under this Agreement and perform the obligations as stipulated under Article 2 of this Agreement.

The matters not covered in this Agreement can be further discussed by each party and made as supplementary agreements in writing which will be an integral party of this Agreement.

Any amendment to this Agreement shall be made in writing and signed by each party to this Agreement. The amendments and newly added contents shall be deemed as integral parts of this Agreement.

A default will be constituted if any party to this Agreement has any of the following:

does not perform any obligations under this Agreement;

violates any representations or warranties under this Agreement;

the representations and warranties made under this Agreement disagree with the facts.

In case of occurrence of any of the above mentioned, the non-defaulting party has the right to require the defaulting party to make corrections within ten working days; if the defaulting party fails to do so, then the non-defaulting party has the right to serve a written notice to rescind this Agreement and claim indemnities against the defaulting party.

Both parties to this Agreement warrant to each other, without prejudice to any party’s claim right of indemnities incurred by any party’s violation of its own representations, warranties or obligations under this Agreement, the defaulting party shall, at the request of non-defaulting party, compensate non —defaulting party the following:

A certain amount of money which can make each party to restore to the situation as there were no occurrence of default;

Expenses and costs paid by non-defaulting party, directly or indirectly, which are incurred by the default of the defaulting party, (including but not limited to the reasonable litigation, arbitration / or attorney fees paid by the non-defaulting party).

Unless otherwise provided by this Agreement, if Party B fails to pay the Purchase Price to party A in accordance with the time limit under this Agreement, then a default is constituted. Party B shall, from the defaulting date to the date when the Purchase Price is paid off, pay liquidated damages to Party A. The amount of the liquidated damages shall be the total overdue payment amount multiplies 0.05% and then multiplies the late payment days.

Any disputes arising from or in relation to this Agreement shall be settled through amicably negotiation by each party.

Should no settlement be reached through negotiation within 30 days after the occurrence of the dispute, the dispute shall then be submitted to China International Economic and Trade Arbitration Commission for arbitration in accordance with its then applicable rules. The arbitration award shall be final and binding on the parties. The arbitration venue is Beijing, China.

In accordance with the relevant laws, if any provision of this Agreement is null and void, the validity and enforceability of the other provisions of this Agreement shall not be affected.

Force majeure shall refer to the events which are unforeseen or unavoidable or beyond the reasonable control of the parties to this Agreement and such events may prevent, affect, or delay the performance, in whole or part, of the obligations of each party in accordance with this Agreement. Such events include but not limited to: earthquake, storm, flood, fire or other acts of nature, war, riot, strike or any other similar events. Both parties agree that no performance of each party incurred by force majeure will not be deemed as the default as stipulated in item 1 of Article 9, thus no compensation liabilities will occur accordingly.

In case of occurrence of force majeure, the affected party shall immediately notify the other party the occurrence of force majeure, and shall provide, within 15 days, supporting documents explaining the details of the relevant events and the reasons of failure of performance in whole or in part, or delay of performance of this Agreement, and then both parties shall negotiate whether to delay or terminate the performance of this Agreement.