Document:

<PAGE>
                                                                   EXHIBIT 10.26

CONFIDENTIAL

================================================================================

                              CALL OPTION AGREEMENT

                                      AMONG

                   SHANGHAI FOCUS MEDIA ADVERTISEMENT CO., LTD

                SHANGHAI FOCUS MEDIA ADVERTISING AGENCY CO., LTD

                        BEIJING DOTAD TECHNOLOGY CO., LTD

                                       AND

                      BEIJING FOCUS MEDIA WIRELESS CO., LTD

                                   DATED AS OF

                                  MAY 22, 2006

================================================================================

<PAGE>

                              CALL OPTION AGREEMENT

This CALL OPTION AGREEMENT (this "AGREEMENT") is entered into in Shanghai of the
People's Republic of China (the "PRC") as of [date], 2006 by and among the
following Parties:

(1)  SHANGHAI FOCUS MEDIA ADVERTISEMENT CO., LTD. (hereinafter "FOCUS MEDIA
     ADVERTISEMENT")
     REGISTERED ADDRESS: F Room 1003, No.1027, Changning Road, Changning
     District, Shanghai
     LEGAL REPRESENTATIVE: Jason Nanchun Jiang

(2)  SHANGHAI FOCUS MEDIA ADVERTISING AGENCY CO., LTD. (hereinafter "FOCUS
     MEDIAADVERTISING AGENCY")
     REGISTERD ADDRESS: A65 Room, 28th Floor, No. 369, Changning Road, Changning
     District, Shanghai
     LEGAL REPRESENTATIVE: Jason Nanchun Jiang

(3)  BEIJING DOTAD TECHNOLOGY CO., LTD. (hereinafter "DOTAD TECHNOLOGY")
     REGISTERED ADDRESS: No. 1, Qi Road, Shangdi Development Region, Haidian
     District, Beijing
     LEGAL REPRESENTATIVE: [ ]

(4)  BEIJING FOCUS MEDIA WIRELESS CO., LTD. (hereinafter "FOCUS MEDIA WIRELESS")
     REGISTERED ADDRESS: Room 511, Huizhong Building, No. 1, Qi Road, Shangdi
     Development Region, Haidian District, Beijing
     LEGAL REPRESENTATIVE: [ ]

( Focus Media Advertisement and Focus Media Adverting Agency hereinafter shall
be individually referred to as a "SHAREHOLDER" and collectively, the
"SHAREHOLDERS". Shareholders, Dotad Technology and Focus Media Wireless
hereinafter shall be individually referred to as a "PARTY" and collectively
referred to as the "PARTIES".)

WHEREAS:

(1)  Shareholders are the enrolled shareholders of Focus Media Wireless, legally
     holding all the equity of the company as of the execution date of this
     Agreement, of which Focus Media Advertisement holds 90% interest while
     Focus Media Advertising Agency holds 10%.

(2)  The Shareholders intend to transfer to Dotad Technology, and Dotad
     Technology is willing to accept, all their respective equity interest in
     Focus Media Wireless to the extent not violating PRC Law.

                                       1
<PAGE>

(3)  In order to conduct the above equity transfer, the Shareholders agree to
     jointly grant Dotad Technology an irrevocable call option for equity
     transfer (hereinafter the "CALL OPTION"), under which and to the extent
     permitted by PRC Law, the Shareholders shall on demand of Dotad Technology
     transfer the Option Equity (as defined below) to Dotad Technology and/or
     any other entity or individual designated by it in accordance with the
     provisions contained herein.

THEREFORE, the Parties hereby have reached the following agreement upon mutual
consultations:

                             ARTICLE 1 - DEFINITION

1.1  Except as otherwise construed in the context, the following terms in this
     Agreement shall be interpreted to have the following meanings:

"PRC LAW" shall mean the then valid laws, administrative regulations,
administrative rules, local regulations, judicial interpretations and other
binding regulatory documents of the People's Republic of China.

"OPTION EQUITY" shall mean, in respect of each of the Shareholders, all of the
equity interest held thereby in the Focus Media Wireless Registered Capital (as
defined below);(in respect of Focus Media Advertisement, means the 90% equity it
holds in Focus Media Wireless, in respect of Focus Media Advertising Agency,
means the 10% equity it holds in Focus Media Wireless.).

"FOCUS MEDIA WIRELESS REGISTERED CAPITAL" shall mean the registered capital of
Focus Media Wireless as of the date of this Agreement, which shall include any
expanded registered capital as the result of any capital increase within the
term of this Agreement.

"TRANSFERRED EQUITY" shall mean the equity of Focus Media Wireless which Dotad
Technology has the right to require the Shareholders to transfer to it or its
designated entity or individual when Dotad Technology exercises its Call Option
(hereinafter the "EXERCISE OF OPTION") in accordance with Article 3.2 herein,
the amount of which may be all or part of the Option Equity and the details of
which shall be determined by Dotad Technology at its sole discretion in
accordance with the then valid PRC Law and from its commercial consideration.

"TRANSFER PRICE" shall mean all the consideration that Dotad Technology or its
designated entity or individual is required to pay to the Shareholders in order
to obtain the Transferred Equity upon each Exercise of Option. Upon each
Exercise of Option of Focus Media Wireless by Dotad Technology, all the Transfer
Price that Dotad Technology or its designated entity or individual shall pay to
the Shareholders shall be

                                       2
<PAGE>

calculated by multiplying the ratio of such Option Equity to the registered
capital of such Focus Media Wireless with the total amount of the registered
capital of such Focus Media Wireless. If there exists any regulatory provision
with respect to Transfer Price under the then PRC Law, Dotad Technology or its
designated entity or individual shall be entitled to determine the lowest price
permitted by PRC Law as the Transfer Price.

"BUSINESS PERMITS" shall mean any approvals, permits, filings, registrations
etc. which Focus Media Wireless is required to have for legally and validly
operating its advertisement designing, producing, agency, publishing and all
such other businesses, including but not limited to the Business License of the
Corporate Legal Person, the Tax Registration Certificate and such other relevant
licenses and permits as required by the then PRC Law.

"FOCUS MEDIA WIRELESS ASSETS" shall mean all the tangible and intangible assets
which Focus Media Wireless owns or has the right to use during the term of this
Agreement, including but not limited to any immoveable and moveable assets, and
such intellectual property rights as trademarks, copyrights, patents,
proprietary know-how, domain names and software use rights.

"MATERIAL AGREEMENT" shall mean an agreement to which Focus Media Wireless is a
party and which has a material impact on the businesses or assets of the Focus
Media Wireless,

1.2  The references to any PRC Law herein shall be deemed

     (1)  to include the references to the amendments, changes, supplements and
          reenactments of such law, irrespective of whether they take effect
          before or after the formation of this Agreement; and

     (2)  to include the references to other decisions, notices or regulations
          enacted in accordance therewith or effective as a result thereof.

1.3  Except as otherwise stated in the context herein, all references to an
     Article, clause, item or paragraph shall refer to the relevant part of this
     Agreement.

                        ARTICLE 2 - GRANT OF CALL OPTION

     The Parties agree to exclusively grant Dotad Technology hereby irrevocably
     and without any additional conditions with a Call Option, under which Dotad
     Technology shall have the right to require the Shareholders to transfer the
     Option Equity to Dotad Technology or its designated entity or individual in
     such method as set out herein and as permitted by PRC Law. Dotad Technology
     also agrees to accept such Call Option.

                                       3
<PAGE>

                    ARTICLE 3 - METHOD OF EXERCISE OF OPTION

3.1  To the extent permitted by PRC Law, Dotad Technology shall have the sole
     discretion to determine the specific time, method and times of its Exercise
     of Option.

3.2  If the then PRC Law permits Dotad Technology and/or other entity or
     individual designated by it to hold all the equity interest of Focus Media
     Wireless, then Dotad Technology shall have the right to elect to exercise
     all of its Call Option at once, where Dotad Technology and/or other entity
     or individual designated by it shall accept all the Option Equity from the
     Shareholders at once; if the then PRC Law permits Dotad Technology and/or
     other entity or individual designated by it to hold only part of the equity
     in Focus Media Wireless, Dotad Technology shall have the right to determine
     the amount of the Transferred Equity within the extent not exceeding the
     upper limit of shareholding ratio set out by the then PRC Law (hereinafter
     the "SHAREHOLDING LIMIT"), where Dotad Technology and/or other entity or
     individual designated by it shall accept such amount of the Transferred
     Equity from the Shareholders. In the latter case, Dotad Technology shall
     have the right to exercise its Call Option at multiple times in line with
     the gradual deregulation of PRC Law on the permitted Shareholding Limit,
     with a view to ultimately acquiring all the Option Equity.

3.3  At each Exercise of Option by Dotad Technology, each of the Shareholders
     shall transfer their respective equity in the Focus Media Wireless to Dotad
     Technology and/or other entity or individual designated by it respectively
     in accordance with the amount required in the Exercise Notice stipulated in
     Article 3.5. Dotad Technology and other entity or individual designated by
     it shall pay the Transfer Price to each of the Shareholders who has
     transferred the Transferred Equity for the Transferred Equity accepted in
     each Exercise of Option. If permitted by PRC Law, Dotad Technology shall
     have the right to set-off the Transfer Price with it/its affiliates' credit
     rights (if any) against the Shareholders.

3.4  In each Exercise of Option, Dotad Technology may accept the Transferred
     Equity by itself or designate any third party to accept all or part of the
     Transferred Equity.

3.5  On deciding each Exercise of Option, Dotad Technology shall issue to the
     Shareholders a notice for exercising the Call Option (hereinafter the
     "EXERCISE NOTICE", the form of which is set out as Appendix I hereto). The
     Shareholders shall, upon receipt of the Exercise Notice, forthwith transfer
     all the Transferred Equity in accordance with the Exercise Notice to Dotad
     Technology and/or other entity or individual designated by Dotad Technology
     in such method as described in Article 3.3 herein.

                                       4
<PAGE>

3.6  The Shareholders hereby severally undertake and guarantee that once Dotad
     Technology issues the Exercise Notice in respect to the specific
     Transferred Equity of the Focus Media Wireless held by it:

     (1)  it shall immediately hold or request to hold a shareholders' meeting
          of the Focus Media Wireless and adopt a resolution through the
          shareholders' meeting, and take all other necessary actions to agree
          to the transfer of all the Call Option to Dotad Technology and/or
          other entity or individual designated by it at the Transfer Price and
          waive the possible preemption;

     (2)  it shall immediately enter into an equity transfer agreement with
          Dotad Technology and/or other entity or individual designated by it
          for transfer of all the Transferred Equity to Dotad Technology and/or
          other entity or individual designated by it at the Transfer Price; and

     (3)  it shall provide Dotad Technology with necessary support (including
          providing and executing all the relevant legal documents, processing
          all the procedures for government approvals and registrations and
          bearing all the relevant obligations) in accordance with the
          requirements of Dotad Technology and of the laws and regulations, in
          order that Dotad Technology and/or other entity or individual
          designated by it may take all the Transferred Equity free from any
          legal defect.

3.7  At the meantime of this Agreement, the Shareholders shall respectively
     enter into a power of attorney (hereinafter the "POWER OF ATTORNEY", the
     form of which is set out as Appendix II hereto), authorizing in writing any
     person designated by Dotad Technology to, on behalf of such Shareholder, to
     enter into any and all of the legal documents in accordance with this
     Agreement so as to ensure that Dotad Technology and/or other entity or
     individual designated by it take all the Transferred Equity free from any
     legal defect. Such Power of Attorney shall be delivered for custody by
     Dotad Technology and Dotad Technology may, at any time if necessary,
     require the Shareholders to enter into multiple copies of the Power of
     Attorney respectively and deliver the same to the relevant government
     department.

                   ARTICLE 4 - REPRESENTATIONS AND WARRANTIES

4.1  Each of the Shareholders hereby severally represents and warrants in
     respect to it self and the Focus Media Wireless as follows:

      4.1.1 Each of Shareholders is a limited liability corporation duly
            registered and validly existing under PRC Law, with independent
            status as a legal person; Each of Shareholders has full and
            independent legal status and legal capacity to execute, deliver and
            perform this Agreement, and may act

                                       5
<PAGE>

            independently as a subject of actions.

      4.1.2 This Agreement is executed and delivered by Shareholders legally and
            properly. This Agreement constitutes the legal and binding
            obligations on Shareholders and is enforceable on it in accordance
            with its terms and conditions.

      4.1.3 The Shareholders are the enrolled legal owner of the Option Equity
            as of the effective date of this Agreement, and except the rights
            created by this Agreement, the Shareholders' Voting Rights Proxy
            Agreement entered into by Shareholders, Dotad Technology and Focus
            Media Wireless dated [ ] 2006 (the "PROXY AGREEMENT"), the Equity
            Pledge Agreement entered into by Shareholders, Dotad Technology and
            Focus Media Wireless dated [ ] 2006 (the "EQUITY PLEDGE AGREEMENT"),
            there is no lien, pledge, claim and other encumbrances and third
            party rights on the Option Equity. In accordance with this
            Agreement, Dotad Technology and/or other entity or individual
            designated by it may, after the Exercise of Option, obtain the
            proper title to the Transferred Equity free from any lien, pledge,
            claim and other encumbrances and third party rights.

      4.1.4 Focus Media Wireless shall obtain complete Business Permits as
            necessary for its operations upon this Agreement taking effect, and
            Focus Media Wireless shall have sufficient rights and qualifications
            to operate within PRC the businesses of value-added
            telecommunication service and other business relating to its current
            business structure. Focus Media Wireless has conducted its business
            legally since its establishment and has not incurred any cases which
            violate or may violate the regulations and requirements set forth by
            the departments of commerce and industry, tax, culture, news,
            quality technology supervision, labor and social security and other
            governmental departments or any disputes in respect of breach of
            contract.

                  ARTICLE 5 - UNDERTAKINGS BY THE SHAREHOLDERS

5.1   The Shareholders hereby individually undertake within the term of this
      Agreement that it must take all necessary measures to ensure that Focus
      Media Wireless is able to obtain all the Business Permits necessary for
      its business in a timely manner and all the Business Permits remain in
      effect at any time. Without the prior written consent by Dotad Technology,
      if the business term of Focus Media Wireless expires during the term of
      this Agreement, Shareholders shall then take all necessary measures to
      extend such business term to ensure the business term of Focus Media
      Wireless not be expired during the term of this Agreement.

5.2   Unless otherwise stipulated by PRC Law applicable during the term of the

                                       6
<PAGE>

Agreement, the Shareholders hereby individually undertake within the term of
this Agreement that without the prior written consent by Dotad Technology,

5.2.1  no Shareholders shall transfer or otherwise dispose of any Option Equity
       or create any encumbrance or other third party rights on any Option
       Equity;

5.2.2  it shall not increase or decrease the Focus Media Wireless Registered
       Capital or cast affirmative vote regarding the aforesaid increase or
       decrease in registered capital;

5.2.3  it shall not dispose of or cause the management of Focus Media Wireless
       to dispose of any of the Focus Media Wireless Assets (except as occurs
       during the arm's length operations);

5.2.4  it shall not terminate or cause the management of Focus Media Wireless to
       terminate any Material Agreements entered into by Focus Media Wireless,
       or enter into any other Material Agreements in conflict with the existing
       Material Agreements;

5.2.5  it shall not individually or collectively cause each Focus Media Wireless
       to conduct any transactions that may substantively affect the asset,
       liability, business operation, equity structure, equity of a third party
       and other legal rights (except those occurring during the arm's length
       operations or daily operation, or having been disclosed to and approved
       by Dotad Technology in writing);

5.2.6  it shall not appoint or cancel or replace any executive directors or
       members of board of directors (if any), supervisors or any other
       management personnel of Focus Media Wireless to be appointed or dismissed
       by the Shareholders;

5.2.7  it shall not announce the distribution of or in practice release any
       distributable profit, dividend or share profit or cast affirmative votes
       regarding the aforesaid distribution or release;

5.2.8  it shall ensure that Focus Media Wireless shall validly exist and prevent
       it from being terminated, liquidated or dissolved;

5.2.9  it shall not amend the Articles of Association of Focus Media Wireless or
       cast affirmative votes regarding such amendment;

5.2.10 it shall ensure that Focus Media Wireless shall not lend or borrow any
       money, or provide guarantee or engage in security activities in any other
       forms, or bear any substantial obligations other than on the arm's length
       basis.
                                       7
<PAGE>

5.3   The Shareholders hereby individually undertake that it must make all its
      efforts during the term of this Agreement to develop the business of Focus
      Media Wireless, and ensure that the operations of Focus Media Wireless are
      legal and in compliance with the regulations and that it shall not engage
      in any actions or omissions which might harm the Focus Media Wireless
      Assets or its credit standing or affect the validity of the Business
      Permits of Focus Media Wireless.

5.4   Focus Media Wireless undertakes that, before Dotad Technology exercises
      the Option and acquire all equity of Focus Media Wireless, Focus Media
      Wireless shall not do the following:

      5.4.1 Sell, transfer, mortgage or dispose by other way any assets,
            business, revenue or other legal rights of its own or any Focus
            Media Wireless, or permit creating any encumbrance or other third
            party's interest on such assets, business, revenue or other legal
            rights (except as occurs during the arm's length or operations or
            daily operation, or as is disclosed to Dotad Technology and approved
            by Dotad Technology in writing);

      5.4.2 conduct any transactions that may substantively affect the asset,
            liability, business operation, equity structure, equity of a third
            party and other legal rights (except those occurring during the
            arm's length operations or daily operation, or having been disclosed
            to Dotad Technology and approved by Dotad Technology in writing);

      5.4.3 release any dividend or share profit to Shareholders in any form.

                           ARTICLE 6 - CONFIDENTIALITY

6.1   Notwithstanding the termination of this Agreement, the Shareholders shall
      be obligated to keep in confidence the following information (hereinafter
      collectively the "CONFIDENTIAL INFORMATION"):

      (i)   information on the execution, performance and the contents of this
            Agreement;

      (ii)  the commercial secret, proprietary information and customer
            information in relation to Dotad Technology known to or received by
            it as the result of execution and performance of this Agreement; and

      (iii) the commercial secrets, proprietary information and customer
            information in relation to Focus Media Wireless known to or received
            by it as the shareholder of Focus Media Wireless.

      The Shareholders may use such Confidential Information only for the
      purpose of

                                       8
<PAGE>

      performing its obligations under this Agreement. No Shareholders shall
      disclose the above Confidential Information to any third parties without
      the written consent from Dotad Technology, or they shall bear the default
      liability and indemnify the losses.

6.2   Upon termination of this Agreement, both Shareholders shall, upon demand
      by Dotad Technology, return, destroy or otherwise dispose of all the
      documents, materials or software containing the Confidential Information
      and suspend using such Confidential Information.

6.3   Notwithstanding any other provisions herein, the validity of this Article
      shall not be affected by the suspension or termination of this Agreement.

                          ARTICLE 7 - TERM OF AGREEMENT

7.1   Limited by the Article 7.2 and 7.3 of this Agreement, this Agreement shall
      take effect as of the date of formal execution by the Parties with the
      term of twenty (20) years, unless the Parties terminate the Agreement with
      the written agreement in advance, or the Parties terminate the Agreement
      in accordance with section 9.1 of this Agreement. Upon the expiration of
      this Agreement, the Agreement will be automatically renewed for one (1)
      year, unless Dotad Technology gives the other Parties written notice of
      its intention not renew at least thirty (30) days prior to expiration.

7.2   In respect of the Shareholder, when it transfer all of its Option Equity
      for all the equity interest they held in Focus Media Wireless to Dotad
      Technology and/or other entity or individual designated by it in
      accordance with this Agreement, the restriction under this Agreement for
      such shareholder as the shareholder of the Focus Media Wireless will be
      terminated. After termination of this Agreement in respect to such
      Shareholder according to this Article, this Agreement continues to be
      fully valid in respect to other Shareholders.

7.3   During the term of this Agreement, should the business term of Focus Media
      Wireless terminate by any reason; this Agreement to Focus Media Wireless
      and Shareholders (to the extent that it acts as the shareholder of Focus
      Media Wireless) will be terminated.

                               ARTICLE 8 - NOTICE

8.1   Any notice, request, demand and other correspondences made as required by
      or in accordance with this Agreement shall be made in writing and
      delivered to the relevant Party.

8.2   The abovementioned notice or other correspondences shall be deemed to
      have

                                       9
<PAGE>

      been delivered when it is transmitted if transmitted by facsimile; it
      shall be deemed to have been delivered when it is delivered if delivered
      in person; it shall be deemed to have been delivered five (5) days after
      posting the same if posted by mail.

                  ARTICLE 9 - LIABILITY FOR BREACH OF CONTRACT

9.1   The Parties agree and confirm that, if any party (hereinafter the
      "DEFAULTING Party") breaches substantially any of the provisions herein or
      omits substantially to perform any of the obligations hereunder, or fails
      substantially to perform any of the obligations under this Agreement, such
      a breach or omission shall constitute a default under this Agreement
      (hereinafter a "DEFAULT"), then non-defaulting Party shall have the right
      to require the Defaulting Party to rectify such Default or take remedial
      measures within a reasonable period. If the Defaulting Party fails to
      rectify such Default or take remedial measures within such reasonable
      period or within ten (10) days of non-defaulting Party's notifying the
      Defaulting Party in writing and requiring it to rectify the Default, then
      non-defaulting Party shall have the right at its own discretion to select
      any of the following remedial measures:

      (1) to terminate this Agreement and require the Defaulting Party to
      indemnify it for all the damage; or

      (2) specific performance of the obligations of the Defaulting Party
      hereunder and require the Defaulting Party to indemnify it for all the
      damage.

9.2   The Parties agree and confirm that in no circumstances shall the
      Shareholders request the termination of this Agreement for any reason,
      except otherwise stipulated by law or this Agreement.

9.3   Notwithstanding any other provisions herein, the validity of this Article
      shall stand disregarding the suspension or termination of this Agreement.

                           ARTICLE 10 - MISCELLANEOUS

10.1  This Agreement shall be prepared in the Chinese language in four (4)
      original copies, with each involved Party holding one (1) copy hereof.

10.2  The formation, validity, execution, amendment, interpretation and
      termination of this Agreement shall be subject to PRC Law.

10.3  Any disputes arising hereunder and in connection herewith shall be settled
      through consultations among the Parties to the dispute, and if the Parties
      to the dispute cannot reach an agreement regarding such disputes within
      [thirty (30)]

                                       10
<PAGE>

      days of their occurrence, such disputes shall be submitted to China
      International Economic and Trade Arbitration Commission for arbitration in
      Shanghai in accordance with the arbitration rules of such Commission, and
      the arbitration award shall be final and binding on all Parties to the
      dispute.

10.4  Any rights, powers and remedies empowered to any Party by any provisions
      herein shall not preclude any other rights, powers and remedies enjoyed by
      such Party in accordance with laws and other provisions under this
      Agreement, and the exercise of its rights, powers and remedies by a Party
      shall not preclude its exercise of its other rights, powers and remedies
      by such Party.

10.5  Any failure or delay by a Party in exercising any of its rights, powers
      and remedies hereunder or in accordance with laws (hereinafter the
      "PARTY'S RIGHTS") shall not lead to a waiver of such rights, and the
      waiver of any single or partial exercise of the Party's Rights shall not
      preclude such Party from exercising such rights in any other way and
      exercising the remaining part of the Party's Rights.

10.6  The titles of the Articles contained herein shall be for reference only,
      and in no circumstances shall such titles be used in or affect the
      interpretation of the provisions hereof.

10.7  Each provision contained herein shall be severable and independent from
      each of other provisions, and if at any time any one or more articles
      herein become invalid, illegal or unenforceable, the validity, legality or
      enforceability of the remaining provisions herein shall not be affected as
      a result thereof.

10.8  Upon execution, this Agreement shall substitute any other legal documents
      previously executed by the Parties on the same subject.

10.9  Any amendments or supplements to this Agreement shall be made in writing
      and shall take effect only when properly signed by the Parties to this
      Agreement.

10.10 Without prior written consent by Dotad Technology, the Shareholders shall
      not transfer to any third party any of its right and/or obligation under
      this Agreement, Dotad Technology shall have the right to transfer to any
      third party designated by it any of its right and/or obligation under this
      Agreement after notice to the Shareholders.

10.11 This Agreement shall be binding on the legal successors of the Parties. IN
      WITNESS HEREOF, the following Parties have caused this Call Option
      Agreement to be executed as of the date and in the place first here above
      mentioned.

                                       11
<PAGE>

SHANGHAI FOCUS MEDIA ADVERTISEMENT CO., LTD.
(chop)
Signature by Legal Representative:   /s/ Jason Nanchun Jiang
                                  -----------------------------

SHANGHAI FOCUS MEDIA ADVERTISING AGENCY CO., LTD.
(chop)
Signature by Legal Representative:   /s/ Jason Nanchun Jiang
                                  -----------------------------

BEIJING DOTAD TECHNOLOGY CO., LTD.
(chop)
Signature by Legal Representative:   /s/ Jason Nanchun Jiang
                                  -----------------------------

BEIJING FOCUS MEDIA WIRELESS CO., LTD.
Signature by Legal Representative:   /s/ Jason Nanchun Jiang
                                  -----------------------------

                                       12
<PAGE>

APPENDIX I:

                      FORMAT OF THE OPTION EXERCISE NOTICE

To: [Name of the Shareholder(s)]

As our company and you/your company signed an Call Option Agreement as of
[date], 2006 (hereinafter the "OPTION AGREEMENT"), and reached an agreement that
you/your company shall transfer the equity you/your company hold in [name of the
Focus Media Wireless](hereinafter the "FOCUS MEDIA WIRELESS") to our company or
any third parties designated by our company on demand of our company to the
extent as permitted by PRC Law and regulations,

Therefore, our company hereby gives this Notice to you/your as follows:

Our company hereby requires to exercise the Call Option under the Option
Agreement and [our company]/[name of company/individual] designated by our
company shall accept the equity you/your company hold accounting for ______% of
Focus Media Wireless Registered Capital (hereinafter the "PROPOSED ACCEPTED
EQUITY"). You/Your company is required to forthwith transfer all the Proposed
Accepted Equity to [our company]/[name of designated company/individual] upon
receipt of this Notice in accordance with the agreed terms in the Option
Agreement.

Best regards,

                                              BEIJING DOTAD TECHNOLOGYCO., LTD.
                                                                         (Chop)

                                        Authorized Representative: ____________
                                                             Date: ____________

                                       13
<PAGE>

APPENDIX II:

                          FORM OF THE POWER OF ATTORNEY

The company hereby irrevocably entrust Mr. Jason Nanchun Jiang [Identity Card
number: 310109730305521] , as the authorized representative of the company, to
sign the Equity Transfer Agreement between the company and Beijing Dotad
Technology Co., Ltd. regarding the Equity Transfer of Beijing Focus Media
Wireless Co., Ltd. and other relevant legal documents.

The company hereby confirms that once the Equity Transfer Agreement between the
company and Beijing Dotad Technology Co., Ltd. regarding the Equity Transfer of
Beijing Focus Media Wireless Co., Ltd. and other relevant legal documents are
signed by the entrusted representative for and on behalf of the company, such
agreement and other relevant legal documents constitute the legal and binding
obligations on the company.

                            Shanghai Focus Media Advertisement Co., Ltd.
                            (Chop)
                                             Signature: _______________
                                             Date: ____________________

                                       14
<PAGE>

                          FORM OF THE POWER OF ATTORNEY

The company hereby irrevocably entrust Mr. Jason Nanchun Jiang [Identity Card
number: 310109730305521] , as the authorized representative of the company, to
sign the Equity Transfer Agreement between the company and Beijing Dotad
Technology Co., Ltd. regarding the Equity Transfer of Beijing Focus Media
Wireless Co., Ltd. and other relevant legal documents.

The company hereby confirms that once the Equity Transfer Agreement between the
company and Beijing Dotad Technology Co., Ltd. regarding the Equity Transfer of
Beijing Focus Media Wireless Co., Ltd. and other relevant legal documents are
signed by the entrusted representative for and on behalf of the company, such
agreement and other relevant legal documents constitute the legal and binding
obligations on the company.

                            Shanghai Focus Media Advertising Agency Co., Ltd.
                            (Chop)
                                           Signature: _______________
                                           Date: ____________________

                                       15<PAGE>

CONFIDENTIAL

                                                                   EXHIBIT 10.27

================================================================================

                           SHAREHOLDERS' VOTING RIGHTS
                                 PROXY AGREEMENT

                                      AMONG

                   SHANGHAI FOCUS MEDIA ADVERTISEMENT CO., LTD

                SHANGHAI FOCUS MEDIA ADVERTISING AGENCY CO., LTD

                        BEIJING DOTAD TECHNOLOGY CO., LTD

                                       AND

                      BEIJING FOCUS MEDIA WIRELESS CO., LTD

                                   DATED AS OF

                                  MAY 22, 2006

================================================================================

<PAGE>

                   SHAREHOLDERS' VOTING RIGHTS PROXY AGREEMENT

This SHAREHOLDERS' VOTING RIGHTS PROXY AGREEMENT (this "AGREEMENT") is entered
into as of______, 2006 by and among the following Parties:

(1)   SHANGHAI FOCUS MEDIA ADVERTISEMENT CO., LTD. (hereinafter "Focus Media
      Advertisement")
      REGISTERED ADDRESS: F Room 1003, No.1027, Changning Road, Changning
      District, Shanghai
      LEGAL REPRESENTATIVE: Jason Nanchun Jiang

(2)   SHANGHAI FOCUS MEDIA ADVERTISING AGENCY CO., LTD. (hereinafter "FOCUS
      MEDIAADVERTISING AGENCY")
      REGISTERD ADDRESS: A65 Room, 28th Floor, No. 369, Changning Road,
      Changning
      District, Shanghai
      LEGAL REPRESENTATIVE: Jason Nanchun Jiang

(3)   BEIJING DOTAD TECHNOLOGY CO., LTD. (hereinafter "DOTAD TECHNOLOGY")
      REGISTERED ADDRESS: No. 1, Qi Road, Shangdi Development Region, Haidian
      District, Beijing LEGAL REPRESENTATIVE: [ ]

(4)   BEIJING FOCUS MEDIA WIRELESS CO., LTD. (hereinafter "FOCUS MEDIA
      WIRELESS")
      REGISTERED ADDRESS: Room 511, Huizhong Building, No. 1, Qi Road, Shangdi
      Development Region, Haidian District, Beijing
      LEGAL REPRESENTATIVE: [ ]

(The above parties hereinafter shall be individually referred to as a "PARTY"
and collectively referred to as the "PARTIES", of which Focus Media
Advertisement and Focus Media Advertising Agency shall be individually referred
to as a "SHAREHOLDER" and collectively referred to as the "SHAREHOLDERS".)

WHEREAS:

1.    As of the date of the Agreement, Shareholders are the enrolled
      shareholders of Focus Media Wireless, legally holding all the equity of
      the company as of the execution date of this Agreement, of which Focus
      Media Advertisement holds 90% interest while Focus Media Advertising
      Agency holds 10%.

2.    The Shareholders intend to severally entrust the individual designated by
      Dotad Technology with the exercises of their voting rights in Focus Media
      Wireless (as defined below) while Dotad Technology is willing to designate
      such an individual to accept the entrustment.

                                       1

<PAGE>

The Parties hereby have reached the following agreement upon friendly
consultations:

                       ARTICLE 1 VOTING RIGHTS ENTRUSTMENT

1.1   The Shareholders hereby irrevocably undertake to respectively sign the
      Entrustment Letter after execution of the Agreement to respectively
      entrust the individual designated by Dotad Technology (hereinafter, the
      "TRUSTEES") to exercise the following rights respectively enjoyed by them
      as shareholders of Focus Media Wireless in accordance with the then
      effective articles of association of Focus Media Wireless (collectively,
      the "ENTRUSTED RIGHTS"):

      (1)   Proposing to convene and attending shareholders' meetings of Focus
            Media Wireless as proxy of the Shareholders according to the
            articles of association of Focus Media Wireless;

      (2)   Exercising voting rights as proxy of the Shareholders, on issues
            discussed and resolved by the shareholders' meeting of Focus Media
            Wireless, including but not limited to the appointment and election
            for the directors, supervisors, general manager, vice-general
            manager, financial officer and other senior management personnel of
            Focus Media Wireless.

      The above authorization and entrustment is granted subject to the status
      of Trustees as PRC citizens and the approval by Dotad Technology. Upon and
      only upon written notice of dismissing and replacing Trustee(s) given by
      Dotad Technology to the Shareholders, the Shareholders shall promptly
      entrust another PRC citizen then designated by Dotad Technology to
      exercise the above Entrusted Rights, and once new entrustment is made, the
      original entrustment shall be replaced; the Shareholders shall not cancel
      the authorization and entrustment of the Trustee(s) otherwise.

1.2   The Trustees shall perform the entrusted obligation within the scope of
      entrustment in due care and prudence and in compliance with laws; the
      Shareholders acknowledge and assume relevant liabilities for any legal
      consequences of the Trustees' exercise of the foregoing Entrusted Rights.

1.3   The Shareholders hereby acknowledge that the Trustees are not required to
      seek advice from the Shareholders prior to their respective exercise of
      the foregoing Entrusted Rights. However, the Trustees shall inform the
      Shareholders in a timely manner of any resolution or proposal on convening
      interim shareholders' meeting after such resolution or proposal is made.

                         ARTICLE 2 RIGHT TO INFORMATION

                                       2

<PAGE>

For the purpose of exercising the Entrusted Rights under this Agreement, the
Trustees are entitled to know the information with regard to Focus Media
Wireless's operation, business, clients, finance, staff, etc., and shall have
access to relevant materials of Focus Media Wireless. Focus Media Wireless shall
adequately cooperate with the Trustees in this regard.

                     ARTICLE 3 EXERCISE OF ENTRUSTED RIGHTS

3.1   The Shareholders will provide adequate assistance to the exercise of the
      Entrusted Rights by the Trustees, including execution of the resolutions
      of the shareholders' meeting of Focus Media Wireless or other pertinent
      legal documents made by the Trustee when necessary (e.g., when it is
      necessary for examination and approval of or registration or filing with
      governmental departments).

3.2   If at any time during the term of this Agreement, the entrustment or
      exercise of the Entrusted Rights under this Agreement is unenforceable for
      any reason except for default of any Shareholder or Focus Media Wireless,
      the Parties shall immediately seek a most similar substitute for the
      unenforceable provision and, if necessary, enter into supplementary
      agreement to amend or adjust the provisions herein, in order to ensure the
      realization of the purpose of this Agreement.

                      ARTICLE 4 EXEMPTION AND COMPENSATION

4.1   The Parties acknowledge that Dotad Technology shall not be requested to be
      liable for or compensate (monetary or otherwise) other Parties or any
      third party due to exercise of Entrusted Rights by the Trustees designated
      by Dotad Technology under this Agreement.

4.2   Focus Media Wireless and the Shareholders agree to compensate Dotad
      Technology for and hold it harmless against all losses incurred or likely
      to be incurred by it due to exercise of the Entrusted Rights by the
      Trustees designated by Dotad Technology, including without limitation any
      loss resulting from any litigation, demand arbitration or claim initiated
      or raised by any third party against it or from administrative
      investigation or penalty of governmental authorities. However, the
      Shareholders and Focus Media Wireless will not compensate for losses
      incurred due to wilful misconduct or gross negligence of Dotad Technology.

                    ARTICLE 5 REPRESENTATIONS AND WARRANTIES

5.1   Each of the Shareholders hereby respectively represents and warrants that:

            5.1.1 Each of Shareholders is a limited liability corporation duly
                  registered and validly existing under PRC Law, with
                  independent status as a

                                       3

<PAGE>

                  legal person; Each of Shareholders has full and independent
                  legal status and legal capacity to execute, deliver and
                  perform this Agreement, and may act independently as a subject
                  of actions..

            5.1.2 The Shareholders have full right and authorization to execute
                  and deliver this Agreement and other documents relating to the
                  transaction as stipulated in this Agreement and to be executed
                  by them. It also has full right and authorization to complete
                  the transaction stipulated in this Agreement.

            5.1.3 The Shareholders are enrolled and legal shareholders of Focus
                  Media Wireless as of the effective date of this Agreement, and
                  except the rights created by this Agreement, the Call Option
                  Agreement (the "CALL OPTION AGREEMENT") as well as the Equity
                  Pledge Agreement (the "EQUITY PLEDGE AGREEMENT") entered into
                  by Dotad Technology, Focus Media Wireless and them on [ ],
                  2006, there exists no third party right on the Entrusted
                  Rights. Pursuant to this Agreement, the Trustees may fully and
                  sufficiently exercise the Entrusted Rights in accordance with
                  the then effective articles of association of Focus Media
                  Wireless.

5.2   Focus Media Wireless hereby represents and warrants that:

            5.2.1 It is a company with limited liability properly registered and
                  legally existing under PRC laws, with an independent legal
                  person status, and with full and independent legal status and
                  legal capacity to execute, deliver and perform this Agreement
                  and may act independently as a subject of actions.

            5.2.2 It has the full corporate power and authority to execute and
                  deliver this Agreement and all the other documents to be
                  entered into by it in relation to the transaction contemplated
                  hereunder, and has the full power and authority to consummate
                  such transaction.

            5.2.3 The Shareholders are enrolled shareholders as of the effective
                  date of this Agreement, of which Focus Media Advertisement
                  holds 90% interest while Focus Media Advertising Agency holds
                  10%. Except rights created by this Agreement, the Equity
                  Pledge Agreement and the Call Option Agreement, there exists
                  no third party right on the Entrusted Rights. Pursuant to this
                  Agreement, the Trustees may fully and sufficiently exercise
                  the Entrusted Rights in accordance with the then effective
                  articles of association of Focus Media Wireless.

            5.2.4 Considering the fact that the Shareholders of Focus Media
                  Wireless

                                       4

<PAGE>

                  will set aside all the equity interest held thereby in Focus
                  Media Wireless as security to secure the performance of the
                  contractual obligations by Focus Media Wireless under the Call
                  Option Agreement, Focus Media Wireless undertakes to, during
                  the valid term of this Agreement, make full and due
                  performance of any and all obligations under Call Option
                  Agreement, and warrant that no adverse impact on the exercise
                  of the Entrusted Rights hereunder by the Trustees will be
                  incurred due to the breach of the Call Option Agreement by
                  Focus Media Wireless.

                           ARTICLE 6 TERM OF AGREEMENT

6.1   Limited by the Article 6.2 and 6.3 of this Agreement, this Agreement shall
      take effect as of the date of formal execution by the Parties with the
      term of twenty (20) years, unless the Parties terminate the Agreement with
      the written agreement in advance, or the Parties terminate the Agreement
      in accordance with section 8.1 of this Agreement. Upon the expiration of
      this Agreement, the Agreement will be automatically renewed for one (1)
      year, unless Dotad Technology gives the other Parties written notice of
      its intention not renew at least thirty (30) days prior to expiration.

6.2   In case that a Shareholder transfers all of the equity interest held by it
      in Focus Media Wireless with prior consent of Dotad Technology, such
      Shareholder shall no longer be a Party to this Agreement whilst the
      obligations and commitments of the other Parties under this Agreement
      shall not be adversely affected thereby.

6.3   During the term of this Agreement, should the business term of Focus Media
      Wireless terminate by any reason; this Agreement to Focus Media Wireless
      and Shareholders will be terminated.

                                ARTICLE 7 NOTICE

7.1   Any notice, request, demand and other correspondences made as required by
      or in accordance with this Agreement shall be made in writing and
      delivered to the relevant Party.

7.2   The abovementioned notice or other correspondences shall be deemed to have
      been delivered when (i) it is transmitted if transmitted by facsimile, or
      (ii) it is delivered if delivered in person, or (iii) when five (5) days
      have elapsed after posting the same if posted by mail.

                           ARTICLE 8 DEFAULT LIABILITY

                                       5

<PAGE>

8.1   The Parties agree and confirm that, if any of the Parties (the "DEFAULTING
      PARTY") breaches substantially any of the provisions herein or fails
      substantially to perform any of the obligations hereunder, such a breach
      or failure shall constitute a default under this Agreement (a "DEFAULT").
      In such event any of the other Parties without default (a "NON-DEFAULTING
      PARTY") who incurs losses arising from such a Default shall have the right
      to require the Defaulting Party to rectify such Default or take remedial
      measures within a reasonable period. If the Defaulting Party fails to
      rectify such Default or take remedial measures within such reasonable
      period or within ten (10) days of a Non-defaulting Party's notifying the
      Defaulting Party in writing and requiring it to rectify the Default, then
      the relevant Non-defaulting Party shall be entitled to choose at its
      discretion to (1) terminate this Agreement and require the Defaulting
      Party to indemnify all damages, or (2) require specific performance by the
      Defaulting Party of this Agreement and indemnifation against all damages.

8.2   The Parties agree and confirm, the Shareholders or Focus Media Wireless
      shall not request the termination of this Agreement for whatsoever reason
      and under whatsoever circumstance, except otherwise stipulated by laws or
      this Agreement.

8.3   Notwithstanding any other provisions herein, the validity of this Article
      shall not be affected by the suspension or termination of this Agreement.

                             ARTICLE 9 MISCELLANEOUS

9.1   This Agreement shall be prepared in Chinese language in four (4) original
      copies, with each involved Party holding one (1) copy hereof.

9.2   The conclusion, validity, execution, amendment, interpretation and
      termination of this Agreement shall be governed by laws of the PRC.

9.3   Any disputes arising from and in connection with this Agreement shall be
      settled through consultations among the Parties involved, and if the
      Partiesinvolved fail to reach an agreement regarding such a dispute within
      thirty (30) days of its occurrence, such dispute shall be submitted to
      China International Economic and Trade Arbitration Commission for
      arbitration in Shanghai in accordance with the arbitration rules of such
      commission, and the arbitration award shall be final and binding on all
      the Parties involved.

9.4   Any rights, powers and remedies empowered to any Party by any provisions
      herein shall not preclude any other rights, powers and remedies enjoyed by
      such Party in accordance with laws and other provisions under this
      Agreement, and a Party's exercise of any of its rights, powers and
      remedies shall not preclude its exercise of other rights, powers and
      remedies of it.

                                       6

<PAGE>

9.5   Any failure or delay by a Party in exercising any of its rights, powers
      and remedies hereunder or in accordance with laws (the "PARTY'S RIGHTS")
      shall not lead to a waiver of such rights, and the waiver of any single or
      partial exercise of the Party's Rights shall not preclude such Party from
      exercising such rights in any other way or exercising the remaining part
      of the Party's Rights.

9.6   The titles of the Articles contained herein are for reference only, and in
      no circumstances shall such titles be used for or affect the
      interpretation of the provisions hereof.

9.7   Each provision contained herein shall be severable and independent from
      each of other provisions. If at any time any one or more articles herein
      become invalid, illegal or unenforceable, the validity, legality or
      enforceability of the remaining provisions herein shall not be affected
      thereby.

9.8   Upon execution, this Agreement shall replace any other previous legal
      documents entered into by relevant Parties on the same subject matter.

9.9   Any amendments or supplements to this Agreement shall be made in writing
      and shall take effect only when properly signed by the Parties to this
      Agreement.

9.10  In respect of the Shareholder and Focus Media Wireless, they shall not
      assign any of their rights and/or transfer any of their obligations
      hereunder to any third parties without prior written consent from Dotad
      Technology; Dotad Technology shall have the right to assign any of its
      rights and/or transfer any of its obligations hereunder to any third
      parties designated by it after giving notice to the Shareholders.

9.11  This Agreement shall be binding on the legal successors of the Parties.

                   [The remiander of this page is left blank]

IN WITNESS HEREOF, the following Parties have caused this Shareholders' Voting
Rights Proxy Agreement to be executed as of the date and in the place first here
above mentioned.

                                       7

<PAGE>

SHANGHAI FOCUS MEDIA ADVERTISEMENT CO., LTD.
(chop)
Signature by Legal Representative:     /s/ Jason Nanchun Jiang
                                   -----------------------------

SHANGHAI FOCUS MEDIA ADVERTISING AGENCY CO., LTD
(chop)
Signature by Legal Representative:     /s/ Jason Nanchun Jiang
                                   -----------------------------

BEIJING DOTAD TECHNOLOGY CO., LTD.
(chop)
Signature by Legal Representative:     /s/ Jason Nanchun Jiang
                                   -----------------------------

BEIJING FOCUS MEDIA WIRELESS CO., LTD
Signature by Legal Representative:     /s/ Jason Nanchun Jiang
                                   -----------------------------

                                       8

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00131-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00131-of-00352.parquet"}]]