EXHIBIT 10.61
Equity Pledge Agreement
New Focus Media Advertising Agency Acknowledge Acknowledgement Letter
ACKNOWLEDGE LETTER FOR PARTICIPATION OF
EQUITY PLEDGE AGREEMENT
FOCUS MEDIA DIGITAL INFORMATION TECHNOLOGY (SHANGHAI) CO., LTD.
(registered address: Room A72, 00 Xxxxx, Xx.000, Xxxxxxx XXXX, Xxxxxxxxx
Xxxxxxxx, Xxxxxxxx), XXXXXXXX FOCUS MEDIA ADVERTISEMENT CO., LTD. (registered
address: Room 0000X, Xx.0000, XxxxxxxxX XXXX, Xxxxxxxxx Xxxxxxxx,
Xxxxxxxx) (hereinafter "PARTICIPATING PLEDGORS" collectively) and SHANGHAI NEW
FOCUS MEDIA ADVERTISING AGENCY CO., LTD. (registered address: Room F-000, Xx.
000, Xxxxxx Xxxxxx, Xxxxxxxx Industrial General Development Zone) (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., 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
New Focus Media Advertising Agency Acknowledge Acknowledgement Letter
[EXECUTION PAGE]
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
SHANGHAI FOCUS MEDIA ADVERTISEMENT CO., LTD.
(CHOP)
Sign: /s/ Xxxxx Xxxxxxx Xxxxx
------------------------------
Name: Xxxxx Xxxxxxx Xxxxx
Position: Authorized Representative
Date: May 22, 2006
SHANGHAI NEW FOCUS MEDIA ADVERTISING AGENCY 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
