Re: VisionChina Shareholders Agreement dated as of January 13, 2011 Dear Sir:
EXHIBIT 99.5
April 2, 2015
VisionChina Media Inc.
1/F Block Xx.0 Xxxxxx Xxxxxxx
Xxxxxxxx Xxxx, Xxxxxx Xxxxxxxx
Xxxxxxxx 000000
The People’s Republic of China
Attn: Xxxxxxx Xxxx
Re: VisionChina Shareholders Agreement dated as of January 13, 2011
Dear Sir:
Reference is made to the SHAREHOLDERS AGREEMENT, dated as of January 13, 2011 (the “Agreement”), among VISIONCHINA MEDIA INC. (the “Company”), FOCUS MEDIA HOLDING LIMITED (the “Focus Shareholder”), JJ MEDIA INVESTMENT HOLDING LIMITED (the “JJ Media Shareholder”), FRONT LEAD INVESTMENTS LIMITED (the “Existing Shareholder”), and XXXXX XX (each a “Party” and collectively the “Parties”). Capitalized terms used herein without definition have the meanings given them in the Agreement.
Pursuant to Section 3.2(a) of the Agreement, the Focus Shareholder wishes to make a Permitted Transfer of all of its common shares, par value US$0.0001 per share, of the Company (the “Common Shares”) to Focus Media Investment Limited, an Affiliate of the Focus Shareholder (the “Affiliate Transferee”). By execution of this letter, pursuant to Section 3.2(a) of the Agreement, the Affiliate Transferee (i) shall become a party to the Agreement and shall be bound by the terms of the Agreement as the Focus Shareholder and (ii) the Focus Shareholder and the Affiliate Transferee shall be jointly and severally liable for any breach by either of them of the Agreement.
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Very truly yours, | |
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FOCUS MEDIA HOLDING LIMITED | |
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By: |
/s/ Xxxxx Xxxxxxx Xxxxx |
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Name: Xxxxx Xxxxxxx Xxxxx | |
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Title: Director |
Pursuant to Section 3.2(a) of the Agreement, Focus Media Investment Limited hereby agrees to become a party to the Agreement and shall be bound by the terms of the Agreement as the Focus Shareholder and shall be jointly and severally liable with Focus Media Holding Limited for any breach of the Agreement by either the undersigned or Focus Media Holding Limited.
FOCUS MEDIA INVESTMENT LIMITED
By: |
/s/ Kit Xxxxx Low |
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Name: Kit Xxxxx Low |
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Title: Director |
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cc: JJ Media Investment Holding Limited
c/o Focus Media Holding Limited
00X, Xx. 000, Xxxxxxxx World Trade Tower
Jiangsu Road, Shanghai
PRC 200050
Attn: Xxxxx Xxxxxxx Xxxxx
Front Lead Investments Limited
c/o VisionChina Media Inc.
1/F Block Xx.0 Xxxxxx Xxxxxxx
Xxxxxxxx Xxxx, Xxxxxx Xxxxxxxx
Xxxxxxxx 000000
The People’s Republic of China
Attn: Xxxxxxxx Xxx