EXHIBIT 10.71
Call Option Agreement-Participation Letter of Fuzhou Fukesi
ACKNOWLEDGEMENT LETTER FOR PARTICIPATION OF
CALL OPTION AGREEMENT
SHANGHAI FOCUS MEDIA ADVERTISEMENT CO., LTD., (registered address: Xxxx 0000 X,
Xx.0000, Xxxxxxxxx Xxxx, Xxxxxxxxx Xxxxxxxx, Xxxxxxxx) (hereinafter the
"PARTICIPATING SHAREHOLDER"), and FUZHOU FUKESI ADVERTISING CO., LTD.
(registered address: Xinduhui Xxxxxx Xxxxx, Xx. 000 Xxxx Xxxx (X), Xxxxx
Xxxxxxxx, Xxxxxx) (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% of
the equity share of the New Target Company (hereinafter "NEWLY INCREASED EQUITY
SHARE") 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 the Participating Shareholder
and the 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 Fuzhou Fukesi
[EXECUTION PAGE]
SHANGHAI FOCUS MEDIA ADVERISEMENT CO., LTD.
(Company chop)
Signature by: /s/ Xxxxx Xxxxxxx Xxxxx
---------------------------
Name: Xxxxx Xxxxxxx Xxxxx
Position: Authorized Representative
Date: May 22, 2006
FUZHOU FUKESI ADVERTISING 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
