EXHIBIT 10.65
Call Option Agreement
Target Media Acknowledgement Letter
ACKNOWLEDGEMENT LETTER FOR PARTICIPATION OF
CALL OPTION AGREEMENT
SHANGHAI FOCUS MEDIA ADVERTISEMENT CO., LTD. (registered address: Room 0000X,
Xx. 0000, Xxxxxxxxx Xxxx, Xxxxxxxxx Xxxxxxxx, Xxxxxxxx), XXXXXXXX FOCUS MEDIA
ADVERTISING AGENCY CO., LTD., (registered address: Room A65, 00 Xxxxx, Xx.000,
Xxxxxxx Xxxx, Xxxxxxxxx Xxxxxxxx, Xxxxxxxx) (hereinafter the "PARTICIPATING
SHAREHOLDERS" collectively) and SHANGHAI TARGET MEDIA CO., LTD. (registered
address: Room 0, Xx. 00, Xxxxxxx Xxxxxx, Xxxxxx Xxxx, Xxxxxxxx Xxxxxxxx,
Xxxxxxxx) (hereinafter the "NEW TARGET COMPANY"), as independent party, hereby
agree to participate in the Call Option Agreement among Focus Media Technology
(Shanghai) Co., Ltd. (hereinafter "FOCUS MEDIA TECHNOLOGY"), Shanghai Focus
Media Advertisement Co., Ltd. and other relevant parties (hereinafter "CALL
OPTION AGREEMENT") dated March 28 2005. The Participating Shareholders hereby
grant Focus Media Technology with an irrevocable equity Call Option (hereinafter
"CALL Option") in respect to 90% and 10% of the equity share of New Target
Company held by them respectively (hereinafter "NEWLY INCREASE EQUITY SHARE").
Once this Acknowledgement Letter is executed by the Participating Shareholders
and the New Target Company, the New Target Company and the Newly Increase Equity
Share shall be the "Target Company" and "Option Equity" defined under the Call
Option Agreement; and the Participating Shareholders and the New Target Company
immediately make the same representations and warranties in respect to the New
Target Company and relevant equity Call Option under the Call Option Agreement
in respect to the defined Target Company and Call Option (which shall in
relation to the Participating Shareholders and New Target Company, and shall be
limited to those applicable to Participating Shareholders and New Target
Company) and undertake the same obligations therein (which shall in relation to
the Participating Shareholders and New Target Company, and shall be limited to
those applicable to Participating Shareholders and New Target Company).
[EXECUTION PAGE]
SHANGHAI FOCUS MEDIA ADVERTISEMENT CO., LTD.
(CHOP)
Sign: /s/ Xxxxx Xxxxxxx Xxxxx
-----------------------------
Name: Xxxxx Xxxxxxx Xxxxx
Position: Authorized Representative
Date: May 22, 2006
SHANGHAI FOCUS MEDIA ADVERTISING AGENCY CO., LTD.
(CHOP)
Sign: /s/ Xxxxx Xxxxxxx Xxxxx
-----------------------------
Name: Xxxxx Xxxxxxx Xxxxx
Position: Authorized Representative
Date: May 22, 2006
SHANGHAI TARGET MEDIA CO., LTD.
(CHOP)
Sign: /s/ Xxxxx Xxxxxxx Xxxxx
-----------------------------
Name: Xxxxx Xxxxxxx Xxxxx
Position: Authorized Representative
Date: May 22, 2006
FOCUS MEDIA TECHNOLOGY (SHANGHAI) CO., LTD.
(CHOP)
Sign: /s/ Xxxxx Xxxxxxx Xxxxx
-----------------------------
Name: Xxxxx Xxxxxxx Xxxxx
Position: Authorized Representative
Date: May 22, 2006
