EXHIBIT 10.87
Shareholder's Voting Rights Proxy Agreement-Participation Letter of Shenzhen
E-Time
ACKNOWLEDGEMENT LETTER FOR PARTICIPATION OF
SHAREHOLDERS' VOTING RIGHTS PROXY AGREEMENT
XXXXX XXX XX (Identity Card Number: 310106731015081) and XXXXX XXXXXXX XXXXX
(Identity Card Number: 310109730305521) (hereinafter the "PARTICIPATING
SHAREHOLDER"), and SHENZHEN E-TIME COMMERCIAL CONSULTING CO., LTD. (registered
address: Room 802, Zhongdian Information Building, Xx. 0 Xxxxxx Xxxx,
Xxxxxx Xxxxxxxx, Xxxxxxxx) (hereinafter the "PARTICIPATED TARGET COMPANY"), as
independent party, hereby agree to participate in the Shareholders' Voting
Rights Proxy Agreement among Focus Media Technology (Shanghai) Co., Ltd.
(hereinafter "FOCUS MEDIA TECHNOLOGY"), Shanghai Focus Media Advertisement Co.,
Ltd. and other relevant parties (hereinafter the "PROXY AGREEMENT") dated March
28 2005. Participating Shareholder and Participated Target Company agree to
entrust the Trustees designated by Focus Media Technology to exercise the voting
rights in Participated Target Company in respect of 100% of the equity interest
in the registered capital of Participated Target Company held by the
Participating Shareholder as of the date of this Acknowledgement Letter, on
behalf of Participating Shareholder.
Once this Acknowledgement Letter is executed by the Participating Shareholder
and Participated Target Company, Participating Shareholder and Participated
Target Company shall be deemed to have made the same undertakings and warranties
with those of the Shareholders and Target Companies under the Proxy Agreement
(to the extent that is related and applicable to Participating Shareholder and
Participated Target Company), agreed to respectively perform the obligations of
the Shareholders and Target Companies stipulated in the Proxy Agreement (to the
extent that is related and applicable to Participating Shareholder and
Participated Target Company), and acknowledged the rights and obligations of the
Parties under the Proxy Agreement.
Shareholder's Voting Rights Proxy 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: Legal Representative
Date: May 22, 2006
FOCUS MEDIA TECHNOLOGY (SHANGHAI) CO., LTD.
(Company chop)
Signature by: /s/ Xxxxx Xxxxxxx Xxxxx
--------------------------------
Name: Xxxxx Xxxxxxx Xxxxx
Position: Legal Representative
Date: May 22, 2006
