Supplementary Agreement No. 1 to the Amended and Restated Equity Pledge Agreement

Exhibit 4.26

English Translation

Supplementary Agreement No. 1 to the
Amended and Restated Equity Pledge 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, ▇▇▇▇ ▇▇▇▇▇▇, ▇▇ ▇▇▇▇, ▇▇▇▇▇ ▇▇▇▇▇▇, 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 (the “Original Agreement”) on June 14, 2007;
(2)		The registered capital of Party C was increased from ▇▇▇ ▇▇ million to ▇▇▇ ▇▇ 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; ▇▇▇▇ ▇▇▇▇▇▇ holds 1.218% equity interests; ▇▇ ▇▇▇▇ holds 0.241% equity interests; ▇▇▇▇▇ ▇▇▇▇▇▇ 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. 3 under the recital part of the Original Agreement starting with “WHEREAS” shall be amended to “As a result of the increase in capital contribution by Party C, Guo Man holds 1.615% equity interests; ▇▇▇▇ ▇▇▇▇▇▇ holds 1.218% equity interests; ▇▇ ▇▇▇▇ holds 0.241% equity interests; ▇▇▇▇▇ ▇▇▇▇▇▇ holds 0.166% equity interests and Beijing Shengshi Lianhe Advertising Co., Ltd. holds 96.76% equity interests. Each shareholder agreed to continue to guarantee Party C’s performance of obligation under the Original Agreement, as amended.”
2.		Article no. 1 of the Original Agreement titled “Pledge” shall be amended to “Guo Man, ▇▇▇▇ ▇▇▇▇▇▇, ▇▇ ▇▇▇▇, ▇▇▇▇▇ ▇▇▇▇▇▇ and Beijing Shengshi Lianhe Advertising Co., Ltd. agreed to pledge all of their respective 1.615%, 1.218%, 0.241%, 0.166% and 96.76% equity interests in Party C to Party A, as a guarantee for Party C’s performance of its obligation under the Original Agreement, as amended.
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

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		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 six counterparts, and each party shall keep one copy. 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/ ▇▇▇▇ ▇▇▇▇▇▇

Signature: /s/ ▇▇ ▇▇▇▇

Signature: /s/ ▇▇▇▇▇ ▇▇▇▇▇▇

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)

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