EXHIBIT 10.86
Call Option Agreement-Participation Letter of Shenzhen E-TIME
ACKNOWLEDGEMENT LETTER FOR PARTICIPATION OF
CALL OPTION AGREEMENT
XXXXX XXX XX (Identity Card Number: 310106731015081) and XXXXX XXXXXXX XXXXX
(Identity Card Number: 310109730305521) (hereinafter the "PARTICIPATED
PLEDGOR"), and SHENZHEN E-TIME COMMERCIAL CONSULTING CO., LTD. (registered
address: Room 802, Zhongdian Information Building, Xx. 0 Xxxxxx Xxxx,
Xxxxxx Xxxxxxxx, Xxxxxxxx) (hereinafter the "NEW TARGET COMPANY"), as
independent party, hereby agree to participate in the Shareholders' Voting
Rights 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 the "CALL OPTION AGREEMENT") dated
March 28 2005. The Participating Shareholder hereby grant Focus Media Technology
with an irrevocable equity Call Option (hereinafter "CALL OPTION") in respect to
70% and 30% of the equity share of the New Target Company (hereinafter "NEWLY
INCREASED EQUITY SHARE") respectively held by the Participating Shareholder.
Once this Acknowledgement Letter is executed by the Participating Shareholder
and the New Target Company, the New Target Company and the Newly Increased
Equity Share shall be deemed to be the "Target Company" and "Option Equity"
defined under the Call Option Agreement, and the Participating Shareholder and
the New Target Company shall be deemed to have made the same undertakings and
warranties related to the New Target Company and Option Equity with those of the
Shareholders and Target Companies under the Call Option Agreement have made
related to "Target Company" and "Option Equity" (to the extent that is related
and applicable to Participating Shareholder and Participated Target Company),
and acknowledged and agreed to respectively perform the same obligations in the
Call Option Agreement (to the extent that is related and applicable to the
Participating Shareholder and the Participated Target Company).
Call Option Agreement-Participation Letter of Shenzhen E-TIME
[EXECUTION PAGE]
XXXXX XXX XX
Signature by : /s/ Xxxxx Xxx Xx
------------------------
Date: May 22, 2006
XXXXX XXXXXXX XXXXX
Signature by : /s/ Xxxxx Xxxxxxx Xxxxx
--------------------------------
Date: May 22, 2006
SHENZHEN E-TIME COMMERCIAL CONSULTING CO., LTD.
(Company chop)
Signature by: /s/ Xxxxx Xxxxxxx Xxxxx
-------------------------------
Name: Xxxxx Xxxxxxx Xxxxx
Position: Authorized Representative
Date: May 22, 2006
FOCUS MEDIA TECHNOLOGY (SHANGHAI) CO., LTD.
(Company chop)
Signature by: /s/ Xxxxx Xxxxxxx Xxxxx
--------------------------------
Name: Xxxxx Xxxxxxx Xxxxx
Position: Authorized Representative
Date: May 22, 2006
