Ex. 10.34
ACKNOWLEDGEMENT LETTER FOR PARTICIPATION OF CALL OPTION AGREEMENT
SHANGHAI FOCUS MEDIA ADVERTISEMENT CO., LTD., (registered address: F
Room 0000, Xx.0000, Xxxxxxxxx Xxxx, Xxxxxxxxx Xxxxxxxx, Xxxxxxxx) (hereinafter
the "PARTICIPANT SHAREHOLDER"), and SHENZHEN BIANJIE BUILDING ADVERTISEMENT CO.,
LTD. limited liability company (registered address: Room 0000, X,
Xxxxxxxx Xxxxxx, 00 Xxxxxx Xx., 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., SHANGHAI FOCUS
MEDIA ADVERTISEMENT CO., LTD. and other relevant parties (hereinafter, "CALL
OPTION AGREEMENT") dated March 28 2005. The Participant Shareholder hereby grant
Focus Media Technology with an irrevocable equity Call Option (hereinafter "CALL
Option") in respect to 99 % of the equity share of New Target Company held by
this company. Once this Acknowledgement Letter is executed by this company, the
New Target Company and the newly increase equity share begin to be the "Target
Company" and "Option Equity" defined under the Call Option Agreement
(hereinafter the "CALL OPTION AGREEMENT") entered into between this company,
Focus Media Technology and other relevant parties dated March 28 2005; and this
company immediately make the same representations and warranties in respect to
the New Target Company and relevant equity Call Option as this company made
under the Call Option Agreement in respect to the defined Target Company and
Call Option and undertake the same obligations therein.
SHANGHAI FOCUS MEDIA ADVERTISEMENT CO.,
LTD.
(Company chop)
Signature by: /s/ Xxxxx Xxxxxxx Xxxxx
--------------------------
Name: Xxxxx Xxxxxxx Xxxxx
Position: Legal Representative
Date: January 13, 2006
SHENZHEN BIANJIE BUILDING ADVERTISEMENT
CO., LTD.
(Company chop)
Signature by: /s/ Xxxxx Xxxxxxx Xxxxx
--------------------------
Name: Xxxxx Xxxxxxx Xxxxx
Position: Legal Representative
Date: January 13, 2006
FOCUS MEDIA TECHNOLOGY (SHANGHAI) CO.,
LTD.
(Company chop)
Signature by: /s/ Xxxxx Xxxxxxx Xxxxx
--------------------------
Name: Xxxxx Xxxxxxx Xxxxx
Position: Legal Representative
Date: January 13, 2006
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