EXHIBIT 10.67
Equity Pledge Agreement
Dongguan Focus Media AcknowledgeLetter for Participation
ACKNOWLEDGE LETTER FOR PARTICIPATION OF
EQUITY PLEDGE 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 "PARTICIPATING
PLEDGORS" collectively) and DONGGUAN FOCUS MEDIA ADVERTISEMENT CO., LTD.
(registered address: Floor 0, Xxxxxxx Xxxxxx Xxxxxxxxxx Xxxxxxxx, Xxxxxxx
Xxxxxxxx, Xxxxxxxx) (hereinafter "PARTICIPATING TARGET COMPANY") hereby agree to
participate in Equity Pledge Agreement dated on March 28, 2005 among Focus Media
Technology (Shanghai) Co., Ltd. (hereinafter"FOCUS MEDIA TECHNOLOGY"), Focus
Media Digital Information Technology (Shanghai) Co, Ltd. (hereinafter "FOCUS
MEDIA DIGITAL"), Shanghai Focus Media Advertisement Co., Ltd. and other relevant
parties (hereinafter "EQUITY PLEDGE AGREEMENT") as an independent contract
party. Participating Pledgors and Participating Target Company pledge the equity
of the Participating Target Companies which constitute 100% of the registered
capital of the Participating Target Companies to Focus Media Technology as the
date of the Acknowledgement Letter to secure the following contractual
obligations:
1. Contractual obligation for the Participating Pledgeors:
(a) Participating Pledgeors' obligation under the Call Option
Agreement among Focus Media Technology and other relevant
parties dated March 28, 2005 (hereinafter "CALL OPTION
AGREEMENT") Participating by the Participating Pledgeors
pursuant to the Acknowledge Letter dated May 22, 2006; and
(b) Participating Pledgeors' obligation under the Shareholder's
Voting Rights Proxy Agreement among Focus Media Technology and
other relevant parties dated March 28 2005 (hereinafter
"VOTING RIGHTS PROXY AGREEMENT") Participating by the
Participating Pledgeors pursuant to the Acknowledge Letter
dated May 22, 2006.
2. Contractual obligation for the Participating Target Company:
(a) Participating Target Company's obligation under the Call
Option Agreement Participating by the Participating Target
Company pursuant to the Acknowledge Letter dated May 22, 2006;
and
(b) Participating Target Company's obligation under the
Shareholder's Voting Rights Proxy Agreement Participating by
the Participating Target Company pursuant to the Acknowledge
Letter dated May 22, 2006.
This Acknowledgement Letter once executed by the Participating Pledgeors and
Participating Target Company, Participating Pledgeors and Participating Target
Companies shall make the same undertakings and warranties with those of
Pledgeors and Target Companies under the Equity Pledge Agreement (which shall in
relation to the Participating Pledgeors and Participating Target Company, and
shall be limited to those applicable to Participating Pledgeors and
Participating Target Company), agree to perform the obligations of Pledgors and
Target Company stipulated in the Equity Pledge Agreement (which shall in
relation to the Participating Pledgeors and Participating Target Company, and
shall be limited to those applicable to Participating Pledgeors and
Participating Target Company), and admit the rights and obligations of Parties
under the Equity Pledge Agreement.
[THE REMAINDER OF THIS PAGE IS LEFT BLANK]
Equity Pledge Agreement
Dongguan Focus Media AcknowledgeLetter for Participation
[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
DONGGUAN FOCUS MEDIA ADVERTISEMENT 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
FOCUS MEDIA DIGITAL INFORMATION TECHNOLOGY (SHANGHAI) CO., LTD.
(CHOP)
Sign: /s/ Xxxxx Xxxxxxx Xxxxx
------------------------------
Name: Xxxxx Xxxxxxx Xxxxx
Position: Authorized Representative
Date: May 22, 2006
