Document:

EX-10.163 REGISTRATION RIGHTS AGREEMENT

 

Exhibit 10.163

REGISTRATION RIGHTS AGREEMENT

     THIS REGISTRATION RIGHTS AGREEMENT (this “Agreement”) is made and entered into as of January
2, 2008, by and among Focus Media Holding Limited, a company with limited liability organized under
the laws of the Cayman Islands (the “Company”), each of the Persons listed on Schedule A
hereto (the “CGEN Holders” and, individually, a “CGEN Holder”), who represent all the shareholders
and option holders of CGEN Digital Media Company Limited, a company with limited liability
organized under the laws of the Cayman Islands (“CGEN”).

RECITALS

     A. Each of the CGEN Holders, who collectively own 100% of the outstanding shares of CGEN on a
fully-diluted basis, has agreed to sell all the shares held by it to the Company or to the
cancellation of all of the options held by it, as the case may be, and as part of the consideration
therefor, the Company has agreed to issue to each such CGEN Holder, or its representative, certain
Ordinary Shares (as defined below) of the Company on the terms and conditions set forth in that
certain Share Purchase Agreement dated as of December 8, 2007 (the “CGEN Purchase Agreement”), by
and among the Company, CGEN and the CGEN Holders who are a party thereto.

     B. In connection with the consummation of the transactions contemplated by the CGEN Purchase
Agreement, the parties hereto desire to enter into this Agreement to enable the CGEN Holders from
time to time to register the Ordinary Shares that they may receive pursuant to the CGEN Purchase
Agreement under the Securities Act (as defined below).

     D. The CGEN Purchase Agreement provides that the execution and delivery of this Agreement by
the parties hereto shall be a condition precedent to the consummation of the transactions
contemplated thereunder.

     E. The Company seeks to induce the CGEN Holders to consummate the transactions contemplated in
the CGEN Purchase Agreement, and to such end, seeks to satisfy the conditions precedent to such
transactions by entering into this Agreement.

AGREEMENT

     NOW, THEREFORE, in consideration of the foregoing recitals, the mutual promises hereinafter
set forth, and other good and valuable consideration, the receipt and sufficiency of which are
hereby acknowledged, the parties hereto further agree as follows:

SECTION 1 INTERPRETATION

     1.1 Definitions. Unless otherwise defined in this Agreement, capitalized terms used
in this Agreement shall have the following meanings:

     “Accounting Principles” means generally accepted accounting principles as applied in
the United States of America.

 

 

     “Additional Share Consideration” has the meaning ascribed to it in the CGEN Purchase
Agreement.

     “ADSs” means American Depositary Shares, with each ADS as of the date of this Agreement
representing five (5) Ordinary Shares.

     “Affiliate” means, with respect to any given Person, a Person that Controls, is
Controlled by, or is under common Control with the given Person.

     “Agreement” has the meaning ascribed thereto in the preamble hereto.

     “Applicable Securities Law” means (i) with respect to any offering of securities in the
United States of America, or any other act or omission within that jurisdiction, the
securities law of the United States, including the Exchange Act and the Securities Act, and
any applicable law of any State of the United States, and (ii) with respect to any offering
of securities in any jurisdiction other than the United States of America, or any related
act or omission in that jurisdiction, the applicable laws of that jurisdiction.

     “Business Day” means any weekday that the banks in the PRC, Hong Kong and the City of
New York are generally open for business.

     “Centre” has the meaning ascribed thereto in Section 3.3(c).

     “CGEN Holders” has the meaning ascribed thereto in the preamble hereof.

     “CGEN Purchase Agreement” has the meaning ascribed thereto in the recitals hereof.

     “CGEN Registrable Securities” means (i) the Ordinary Shares received or to be received
by the CGEN Holders pursuant to the CGEN Purchase Agreement, including, without limitation,
any Ordinary Shares issued as part of the Second Installment Share Consideration, the Third
Installment Share Consideration or the Additional Share Consideration, and (ii) any Equity
Securities of the Company issued as a dividend or other distribution with respect to, or in
exchange for, or in replacement of, the shares referenced in clause (i).

     “Commission” means (i) with respect to any offering of securities in the United States
of America, the Securities and Exchange Commission of the United States or any other federal
agency at the time administering the Securities Act, and (ii) with respect to any offering
of securities in a jurisdiction other than the United States of America, the regulatory body
of the jurisdiction with authority to supervise and regulate the sale of securities in that
jurisdiction.

     “Company” has the meaning ascribed thereto in the preamble hereto.

     “Control” means, when used with respect to any Person, the power to direct the
management and policies of such Person, directly or indirectly, whether through the
ownership of voting securities, by contract or otherwise, and the terms “Controlling” and
“Controlled” have meanings correlative to the foregoing.

2

 

     “Depositary” means the depositary in respect of the Company’s ADSs, currently Citibank,
N.A.

     “Dispute” has the meaning ascribed thereto in Section 3.3(a).

     “Equity Securities” means any Ordinary Shares, Ordinary Share Equivalents or other
voting securities of the Company.

     “Exchange Act” means the United States Securities Exchange Act of 1934, as amended, and
the rules and regulations promulgated thereunder.

     “First Closing Date” has the meaning ascribed in the CGEN Purchase Agreement.

     “Form F-1” means Registration Statement on Form F-1 promulgated by the Commission under
the Securities Act or any substantially similar form then in effect.

     “Form F-3” means Registration Statement on Form F-3 promulgated by the Commission under
the Securities Act or any substantially similar form then in effect.

     “Form F-3ASR” means the Company’s F-3 automatic shelf registration statement filed with
the Commission.

     “Form S-1” means Registration Statement on Form S-1 promulgated by the Commission under
the Securities Act or any substantially similar form then in effect.

     “Form S-3” means Registration Statement on Form S-3 promulgated by the Commission under
the Securities Act or any substantially similar form then in effect.

     “Holders” means the CGEN Holders together with the permitted transferees and assigns of
any Holder.

     “Hong Kong” means the Hong Kong Special Administrative Region.

     “Initiating Holders” means, with respect to a request duly made to Register any
Registrable Securities under Section 2.1(a), the Holders initiating such request.

     “Ordinary Shares” means the ordinary shares, par value US$0.00005 per share, of the
Company.

     “Ordinary Share Equivalents” means warrants, options and rights exercisable for
Ordinary Shares and instruments convertible or exchangeable for Ordinary Shares.

     “Parties” has the meaning ascribed thereto in Section 3.3(a).

     “Person” means any natural person, corporation limited liability company, joint stock
company, joint venture, partnership, enterprise, trust, unincorporated organization or any
other entity or organization.

     “Registration” means a registration effected by preparing and filing a Registration
Statement and the declaration or ordering of the effectiveness of that

3

 

Registration Statement, and the terms “Register” and “Registered” have meanings
correlative with the foregoing.

     “Registrable Securities” means the CGEN Registrable Securities, excluding in all cases,
however, any Equity Securities sold by a Person in a transaction other than an assignment
pursuant to Section 3.1.

     “Registration Statement” means a registration statement prepared on Forms S-3, F-3, S-1
or F-1 under the Securities Act, or on any comparable form in connection with registration
in a jurisdiction other than the United States.

     “Second Installment Share Consideration” has the meaning ascribed to it in the CGEN
Purchase Agreement.

     “Securities Act” means the United States Securities Act of 1933, as amended, and the
rules and regulations promulgated thereunder.

     “Third Installment Share Consideration” has the meaning ascribed to it in the CGEN
Purchase Agreement.

     “Underwritten Offering” has the meaning ascribed in Section 2.1(a)(1).

     “Violation” has the meaning ascribed thereto in Section 2.6(a).

     1.2 Interpretation. For all purposes of this Agreement, except as otherwise expressly
herein provided, (i) the terms defined in Section 1 shall have the meanings assigned to them in
Section 1 and shall include the plural as well as the singular, (ii) all references in this
Agreement to designated “Sections” and other subdivisions are to the designated Sections and other
subdivisions of the body of this Agreement, (iii) pronouns of either gender or neuter shall
include, as appropriate, the other pronoun forms, (iv) the words “herein,” “hereof” and “hereunder”
and other words of similar import refer to this Agreement as a whole and not to any particular
Section or other subdivision, and (v) all references in this Agreement to designated Schedules are
to the Schedules attached to this Agreement.

SECTION 2 REGISTRATION RIGHTS.

     2.1 Demand Registration Rights.

          (a) Registration.

          (1) Subject to the terms of this Agreement, from time to time and at any time, Holders holding
at least 3,000,000 Registrable Securities (as adjusted for any stock splits, stock dividends,
recapitalizations, reorganizations or similar events) may request the Company in writing to
register all or part of the Registrable Securities (a “Registration”); provided however, that if a
request for Registration is for an underwritten public offering (an “Underwritten Offering”), such
request shall be for at least 3,000,000 Registrable Securities and be subject to the requirement
that the reasonably anticipated aggregate price to the public be not less than US$40,000,000. Upon
receipt of such a request, the Company shall (i) promptly, and in any event within ten (10)
Business Days after receipt of such written request, give written notice of the proposed
Registration to all other Holders, and (ii) use best

4

 

efforts to cause, as soon as practicable, the Registrable Securities specified in the request,
together with any Registrable Securities of any Holder who requests in writing to join such
Registration within twenty (20) Business Days after the Company’s delivery of written notice, to be
Registered and/or qualified for sale and distribution to the public in such jurisdictions as the
Initiating Holders may reasonably request. Notwithstanding anything contrary contained herein, the
Company shall be not obligated to effect more than three (3) Registrations pursuant to this Section
2.1(a)(1).

          (2) Any Registration made pursuant to this Section 2.1 shall be made: (i) if available, on the
Company’s then existing and effective Registration Statement on Form F-3ASR; or (ii) in each case
subject to the terms of this Section 2.1(a)(3) below, (x) if such F-3ASR is not available, on
another Registration Statement on Form F-3 (or any successor to Form F-3 or Form S-3) if such form
is available for use by the Company, or (y) otherwise on Form F-1 or Form S-1 (or any successor to
Form F-1 or S-1) if such form is available for use by the Company. In the event that the Company
becomes ineligible to use its then existing and effective Registration Statement on Form F-3ASR
for the reasons set forth in Schedule 2.1(a)(2) hereto, the Company shall not be obligated to
effect a Registration until it regains eligibility to use Form F-3ASR.

          (3) Any Registration of Registrable Securities shall count as one (1) demand Registration,
pursuant to this Section 2.1(a), irrespective of whether such Registrable Securities are
distributed by the Holder thereof.

          (b) Right of Deferral. Notwithstanding anything to the contrary in this Section 2.1:

          (1) The Company shall not be obligated to Register or qualify Registrable Securities for an
Underwritten Offering pursuant to any of the provisions of Section 2.1(a) if: (i) within the six
(6) month period preceding the date of such request, the Company has either (x) already effected a
Registration for an Underwritten Offering under any of the provisions of Section 2.1(a), or (y)
already effected a Registration (other than a registration of securities in a transaction under
Rule 145 of the Securities Act or with respect to an employee benefit plan) in which the Holders
had an opportunity to participate pursuant to the provisions of Section 2.2 and no Registrable
Securities of the Holders were excluded from such Registration pursuant to the provisions of
Section 2.2(c) or (ii) within the three (3) month period preceding the date of such request, the
Company has already effected a Registration other than an Underwritten Offering under any of the
provisions of Section 2.1(a).

          (2) The Company shall not be obligated to Register or qualify Registrable Securities pursuant
to Section 2.1(a) if the Company shall furnish to the Holders a certificate signed by the Chief
Executive Officer of the Company stating that, in the good faith judgment of the Board of Directors
of the Company, any registration of Registrable Securities should not be made because it would be
materially detrimental to the Company and its shareholders for a Registration Statement to be filed
in the near future. Following delivery of such certificate, the Company shall have the right to
defer such filing for a period not to exceed ninety (90) days from the receipt of any request duly
submitted by Holders under Section 2.1(a) or to Register Registrable Securities; provided, however,
that the Company shall not utilize this right more than once in any twelve (12) month period.

          (c) Underwritten Offerings. If, in connection with a request to Register Registrable
Securities under the provisions of Section 2.1(a), the Initiating Holders seek to

5

 

distribute such Registrable Securities through an Underwritten Offering, they shall so advise
the Company as a part of the request, and the Company shall include such information in the written
notice to the other Holders described in Section 2.1(a). In such event, the right of any Holder to
include its Registrable Securities in such Registration shall be conditioned upon such Holder’s
participation in such Underwritten Offering and the inclusion of such Holder’s Registrable
Securities in the Underwritten Offering (unless otherwise mutually agreed by Initiating Holders
representing a majority in voting power of the Registrable Securities held by the Initiating
Holders) to the extent provided herein. All Holders proposing to distribute their securities
through such Underwritten Offering shall enter into an underwriting agreement in customary form
with the underwriter or underwriters selected for such Underwritten Offering by the Company (which
underwriter or underwriters shall be reasonably acceptable to Initiating Holders representing a
majority in voting power of the Registrable Securities held by the Initiating Holders).
Notwithstanding any other provision of this Agreement, if the managing underwriter advises the
Company that marketing factors (including the aggregate number of securities requested to be
Registered, the general condition of the market, and the status of the Persons proposing to sell
securities pursuant to the Registration) require a limitation of the number of Equity Securities to
be underwritten, the underwriters may exclude such number of Registrable Securities from the
Underwritten Offering as required (1) after excluding any other Equity Securities from the
Underwritten Offering (including, without limitation, any Equity Securities which the Company may
seek to include in the Underwritten Offering for its own account and all Equity Securities which
are not Registrable Securities and are held by Persons other than the Holders), and (2) so long as
at least thirty percent (30%) in voting power of any Registrable Securities requested by the
Holders to be included in such Underwritten Offering and Registration shall be included. If a
limitation of the number of Registrable Securities is required pursuant to this Section 2.1(c), the
number of Registrable Securities that may be included in the Underwritten Offering by selling
Holders shall be allocated among such Holders, in proportion, as nearly as practicable, to the
respective amounts of Registrable Securities which the Holders would otherwise be entitled to
include in the Registration. If any Holder disapproves of the terms of any Underwritten Offering,
the Holder may elect to withdraw therefrom by written notice to the Company and the underwriters
delivered at least ten (10) Business Days prior to the effective date of the Registration
Statement. Any Registrable Securities excluded or withdrawn from such underwriting shall be
withdrawn from the Registration.

     2.2 Piggyback Registrations.

          (a) Registration of the Company’s Securities. Subject to Section 2.2(c), if the
Company proposes to Register for its own account or for the account of any Person that is not a
Holder (unless such Person is contractually entitled to exclude participation by the Holders in its
Registration, and subject to any rights to partially exclude participation by the Holder in its
Registration) any of its Equity Securities in connection with the public offering of such
securities, the Company shall promptly give each Holder written notice of such Registration and,
upon the written request of any Holder given within twenty (20) days after delivery of such notice,
the Company shall use its best efforts to include in such Registration any Registrable Securities
thereby requested by such Holder. If a Holder decides not to include all or any of its Registrable
Securities in such Registration by the Company, such Holder shall nevertheless continue to have the
right to include any Registrable Securities in any subsequent Registration Statement or
Registration Statements as may be filed by the Company with respect to offerings of its securities,
all upon the terms and conditions set forth herein.

6

 

          (b) Right to Terminate Registration. The Company shall have the right to terminate or
withdraw any Registration initiated by it under Section 2.2(a) prior to the effectiveness of such
Registration, whether or not any Holder has elected to participate therein. The expenses of such
withdrawn Registration shall be borne by the Company in accordance with Section 2.3.

          (c) Underwriting Requirements.

          (1) In connection with any offering involving an underwriting of the Company’s Equity
Securities initiated by the Company, the Company shall not be required to Register the Registrable
Securities of a Holder under this Section 2.2 unless such Holder shall include such Registrable
Securities in the underwriting and such Holder enters into an underwriting agreement in customary
form with the underwriters selected by the Company and setting forth such terms for the
underwriting as have been agreed upon between the Company and the underwriters. Subject to Section
2.2(c)(2), in the event the underwriters advise Holders seeking Registration of Registrable
Securities pursuant to this Section 2.2 in writing that market factors (including the aggregate
number of Registrable Securities requested to be Registered, the general condition of the market,
and the status of the Persons proposing to sell securities pursuant to the Registration) require a
limitation of the number of Equity Securities to be underwritten, the underwriters may exclude some
or all Registrable Securities from the Registration and underwriting after excluding any other
Equity Securities from the underwriting (other than any Equity Securities which the Company may
seek to include in the underwriting for its own account), and the number of Equity Securities and
Registrable Securities that may be included in the Registration and the underwriting shall be
allocated (i) first, to the Company, and (ii) thereafter, among the Holders requesting inclusion of
their Registrable Securities in such Registration Statement in proportion, as nearly as
practicable, to the respective amounts of Registrable Securities which the Holders would otherwise
be entitled to include in the Registration.

          (2) Notwithstanding anything to the contrary in this Section 2.2(c), in connection with any
offering involving an underwriting of the Company’s Equity Securities, in no event shall the
underwriters exclude any Registrable Securities which Holders may seek to include in such
Registration and underwriting under this Section 2.2 unless at least thirty percent (30%) in voting
power of any Registrable Securities requested by the Holders to be included in such underwriting
and Registration shall be included.

          (3) If any Holder disapproves of the terms of any underwriting, the Holder may elect to
withdraw therefrom by written notice to the Company and the underwriters delivered at least seven
(7) days prior to the effective date of the Registration Statement. Any Registrable Securities
excluded or withdrawn from the underwriting shall be withdrawn from the Registration.

          (d) Exempt Transactions. The Company shall have no obligation to Register any
Registrable Securities under this Section 2.2 in connection with a Registration by the Company (i)
relating solely to the sale of securities to participants in a Company share plan, (ii) relating to
a corporate reorganization or other transaction under Rule 145 of the Securities Act (or comparable
provision under the laws of another jurisdiction, as applicable), or (iii) on any form that does
not include substantially the same information as would be required to be included in a
Registration Statement covering the sale of the Registrable securities.

7

 

     2.3 Expenses. All expenses incurred in connection with Registrations, filings or
qualifications pursuant to this Agreement, including, without limitation, (a) any underwriting,
brokerage or similar commissions, compensation, discounts or concessions paid or allowed by the
Company that are incurred or to be incurred by the Selling Shareholders in connection with such
issue or sale; (b) all expenses of any Persons in preparing or assisting in preparing, word
processing, printing and distributing any Registration Statement, any Prospectus, any amendments or
supplements thereto, any underwriting agreements, securities sales agreements and other documents
relating to the performance of and compliance with this Agreement (excluding expenses or costs in
respect of Company employees in connection therewith), (c) all fees and expenses incurred in
connection with the listing, if any, of any of the Registrable Securities on any securities
exchange or exchanges, (d) all fees and expenses of the Depositary relating to the deposit of the
Registrable Securities into the deposit facility and issuance by the Depositary of shares or
receipts representing such Registrable Securities, (e) the reasonable fees and disbursements of
counsel for the Company and of the independent public accountants of the Company specifically
related to such Registration, including the expenses of any special audits or “comfort” letters
required by or incident to such performance and compliance, (f) the fees and expenses of share
registry or custodian, (g) the reasonable fees and disbursements of counsel representing the
Holders of Registrable Securities, and (h) all U.S. federal, “blue sky” and all foreign
registration, filing and qualification fees, accounting fees, and fees and disbursements of counsel
for the Company (but excluding underwriters’ discounts and commissions relating to shares sold by
the Holders), shall be borne by the Holders (allocated pro rata based on the Registratable
Securities included in such Registration); provided, however, that (1) where an offering of
securities includes a primary offering by the Company or a secondary offering of securities by
other shareholders of the Company other than the Holders, the Holders shall be bear the pro rata
portion of expenses attributable to them based on the number of Registrable Securities included in
such Registration (for the avoidance of doubt, any such fees or expenses that are incurred entirely
as a result of sales by selling shareholders shall be borne on a pro rata basis with regard only to
the Registrable Securities offered by the Selling Shareholders in the aggregate and not by the
Company), and (2) the Company shall use commercially reasonable efforts to minimize the amount of
such expenses and, in connection with any Underwritten Offering, use commercially reasonable
efforts to cause the related underwriters to pay such expenses to the extent possible (other than
any related brokerage or selling commission or discount); provided further, that the failure or
unwillingness of the related underwriters to agree to pay such expenses in whole or in part shall
not affect the selling shareholders’ obligations to pay any expenses pursuant to this Section 2.3.

     2.4 Obligations of the Company. Subject to the provisions of Section 2.3 hereof,
whenever required to effect the Registration of any Registrable Securities under this Agreement the
Company, shall as expeditiously as reasonably possible:

          (a) Use its reasonable best efforts to ensure that its then existing Registration Statement is
Effective; provided, that the Company shall not be required to keep any such Registration Statement
effective for more than (i) one (1) year in the case of a Registration Statement on Form S-3, F-3,
F-3ASR, or (ii) ninety (90) days in the case of a Registration Statement on Form S-1 or F-1.

          (b) Prepare and file with the Commission such amendments and supplements to such Registration
Statement and the prospectus used in connection with such Registration Statement as may be
necessary to comply with the provisions of Applicable

8

 

Securities Law with respect to the disposition of all securities covered by such Registration
Statement.

          (c) Furnish to the Holders such number of copies of a prospectus, including a preliminary
prospectus and any supplement thereto, in conformity with the requirements of Applicable Securities
Law, and such other documents as such Holders may reasonably request in order to facilitate the
disposition of the Registrable Securities owned by them that are included in such Registration.

          (d) Use its best efforts to register and qualify the securities covered by such Registration
Statement under such other securities or Blue Sky laws of such jurisdictions as shall be reasonably
requested by the Holders, provided that the Company shall not be required in connection therewith
or as a condition thereto to qualify to do business or to file a general consent to service of
process in any such states or jurisdictions.

          (e) In the event of any Underwritten Offering, enter into and perform its obligations under an
underwriting agreement in usual and customary form (including usual and customary provisions with
respect to indemnification), with the managing underwriter(s) of such offering. Each Holder
participating in such underwriting shall also enter into and perform its obligations under such an
agreement.

          (f) Notify each Holder of Registrable Securities covered by the Registration Statement: (i) of
the issuance of any stop order by the SEC in respect of such registration statement, (ii) of the
receipt by the Company of any notification of the suspension of the qualification of the Registered
Securities for offering or sale in any jurisdiction, (iii) of the happening of any event as a
result of which the prospectus included in such registration statement, as then in effect, includes
an untrue statement of a material fact or omits to state a material fact required to be stated
therein or necessary to make the statements therein not misleading in the light of the
circumstances then existing, or (iv) if for any other reason it shall be necessary to amend or
supplement such registration statement or prospectus in order to comply with the Securities Act;
and, in each case of (i) and (ii), make reasonable efforts to prevent or obtain at the earliest
possible moment the withdrawal of any stop order with respect to the applicable Registration
Statement or other order suspending the use of any preliminary or final prospectus, and in each
case of (iii) and (iv) as promptly as reasonably practicable thereafter, prepare and file with the
SEC an amendment or supplement to such registration statement or prospectus which will correct such
statement or omission or effect such compliance.

          (g) Upon the occurrence of any event described in Section 2.4(f) above, prepare a supplement
or post-effective amendment to the applicable registration statement or related prospectus or any
document incorporated therein by reference, or file any other required document so that, as
thereafter delivered to the Holders of the securities being sold thereunder, such prospectus will
not contain any untrue statement of a material fact or omit to state any material fact necessary to
make the statements therein not misleading.

          (h) In the event of an Underwritten Offering, furnish, at the request of any Holder requesting
Registration of Registrable Securities, on the date that such Registrable Securities are delivered
to the underwriter(s) for sale, if such securities are being sold through underwriters, or, if such
securities are not being sold through underwriters, on the date that the Registration Statement
with respect to such securities becomes effective, (1) an opinion, dated as of such date, of the
counsel representing the Company for the purposes of such

9

 

registration, in form and substance as is customarily given to underwriters in an underwritten
public offering and reasonably satisfactory to a majority in interest of the Holders requesting
Registration, addressed to the underwriters, if any, and to the Holders requesting registration of
Registrable Securities, and (2) a “comfort” letter dated as of such date, from the independent
certified public accountants of the Company, in form and substance as is customarily given by
independent certified public accountants to underwriters in an underwritten public offering and
reasonably satisfactory to a majority in interest of the Holders requesting registration, addressed
to the underwriters, if any, and to the Holders requesting registration of Registrable Securities.

          (i) Provide a transfer agent and registrar for all Registrable Securities Registered pursuant
to the Registration Statement and, where applicable, a CUSIP number for all those Registrable
Securities, in each case not later than the effective date of the Registration.

          (j) Take all reasonable action necessary to: (1) cause the Depositary to accept the deposit of
the Registrable Securities into the deposit facility to issue ADSs (or receipts) representing such
Registrable Securities and to issue the related American Depositary Receipts; (2) cause the
Depositary to register with the SEC (to the extent necessary) such ADSs; and (3) list the
Registrable Securities on the primary exchange upon which the Company’s securities are traded.

     2.5 Obligations of Holders. It shall be a condition precedent to the obligations of
the Company to Register the Registrable Securities of any Holder pursuant to this Section 2 that
the selling Holder shall furnish to the Company such information regarding itself, the Registrable
Securities held thereby and the intended method of disposition of such securities as shall be
required to timely effect the Registration of such Holder’s Registrable Securities.

     2.6 Indemnification. In the event any Registrable Securities are included in a
registration statement under this Section 2:

          (a) Company Indemnity. To the extent permitted by law, the Company will indemnify and
hold harmless each Holder, its partners, officers, directors, shareholders, legal counsel,
accountants, any underwriter (as defined in the Securities Act) for such Holder and each Person, if
any, who controls (as defined in the Securities Act) such Holder or underwriter against any losses,
claims, damages, or liabilities (joint or several) to which they may become subject under laws
which are applicable in connection with any Registration, qualification, or compliance, of the
Company’s securities insofar as such losses, claims, damages, or liabilities (or actions in respect
thereof) arise out of or are based upon any of the following statements, omissions or violations
(collectively a “Violation”):

          (1) any untrue statement or alleged untrue statement of a material fact contained in such
Registration Statement, including any preliminary prospectus or final prospectus or any “free
writing prospectus” (as defined in Rule 405 under the Securities Act) used in connection with the
sale of any Registrable Securities contained therein or any amendments or supplements thereto;

          (2) the omission or alleged omission to state in the Registration Statement, including any
preliminary prospectus or final prospectus contained therein or any amendments or supplements
thereto, a material fact required to be stated therein, or necessary to make the statements therein
not misleading; or

10

 

          (3) any violation or alleged violation by the Company of Applicable Securities Law, or any
rule or regulation promulgated under Applicable Securities Law,

and the Company will reimburse each such Holder, its partners, officers, directors, legal counsel,
accountants, underwriter or controlling Person for any legal or other expenses reasonably incurred
by them, as incurred, in connection with investigating or defending any such loss, claim, damage,
liability or action; provided, however, that the indemnity agreement contained in this Section
2.6(a) shall not apply to amounts paid in settlement of any such loss, claim, damage, liability or
action if such settlement is effected without the consent of the Company (which consent shall not
be unreasonably withheld or delayed), nor shall the Company be liable in any such case for any such
loss, claim, damage, liability or action to the extent that it arises out of or is based upon a
Violation which occurs in reliance upon and in conformity with written information furnished
expressly for use in connection with such Registration by such Holder, underwriter or controlling
Person of such Holder.

          (b) Notice. Promptly after receipt by an indemnified party under this Section 2.6 of
notice of the commencement of any action (including any governmental action), such indemnified
party will, if a claim in respect thereof is to be made against any indemnifying party under this
Section 2.6, deliver to the indemnifying party a written notice of the commencement thereof and the
indemnifying party shall have the right to participate in, and, to the extent the indemnifying
party so desires, jointly with any other indemnifying party similarly noticed, to assume the
defense thereof with counsel mutually satisfactory to the parties; provided, however, that an
indemnified party shall have the right to retain its own counsel, with the fees and expenses to be
paid by the indemnifying party, if representation of such indemnified party by the counsel retained
by the indemnifying party would be inappropriate due to actual or potential conflict of interests
between such indemnified party and any other party represented by such counsel in such proceeding.
The failure to deliver written notice to the indemnifying party within a reasonable time of the
commencement of any such action shall relieve such indemnifying party of liability to the
indemnified party under this Section 2.6 to the extent the indemnifying party is prejudiced as a
result thereof, but the omission to so deliver written notice to the indemnifying party will not
relieve it of any liability that it may have to any indemnified party otherwise than under this
Section 2.6.

          (c) Contribution. If any indemnification provided for in this Section 2.6 is held by a
court of competent jurisdiction to be unavailable to an indemnified party with respect to any loss,
liability, claim, damage or expense referred to herein, the indemnifying party, in lieu of
indemnifying such indemnified party hereunder, shall contribute to the amount paid or payable by
such indemnified party as a result of such loss, liability, claim, damage or expense in such
proportion as is appropriate to reflect the relative fault of the indemnifying party, on the one
hand, and of the indemnified party, on the other, in connection with the statements or omissions
that resulted in such loss, liability, claim, damage or expense, as well as any other relevant
equitable considerations. The relative fault of the indemnifying party and of the indemnified party
shall be determined by reference to, among other things, whether the untrue or alleged untrue
statement of a material fact or the omission to state a material fact relates to information
supplied by the indemnifying party or by the indemnified party and the parties’ relative intent,
knowledge, access to information, and opportunity to correct or prevent such statement or omission.

          (d) Survival. The obligations of the Company and Holders under this Section 2.6 shall
survive the completion of any offering of Registrable Securities in a

11

 

Registration Statement, regardless of the expiration of any statutes of limitation or
extensions of such statutes.

     2.7 Termination of the Company’s Obligations. The registration rights set forth in
Section 2.1 of this Agreement shall terminate upon the earlier of (i) when with respect to any
Holder, in the reasonable opinion of counsel to the Company, all Registrable Securities proposed to
be sold by such Holder may then be sold without registration in any ninety (90) day period pursuant
to Rule 144 under the Securities Act, which counsel shall be reasonably satisfactory to such Holder
(it being understood that the Company’s regular outside legal counsel shall be deemed satisfactory)
(ii) the date as of which all of the Registrable Securities have been sold pursuant to a
Registration Statement or (iii) twenty-four months following the Third Closing Date (as such term
is defined in the CGEN Purchase Agreement).

     2.8 Rule 144 Reporting. With a view to making available the benefits of Rule 144
promulgated under the Securities Act and any comparable provision of Applicable Securities Law
which may at any time permit the sale of the Registrable Securities to the public without
registration or pursuant to a registration on Form S-1, F-1, S-3 or F-3, the Company agrees to:

          (a) make and keep public information available, as those terms are understood and defined in
Rule 144 under the Securities Act (or comparable provision under Applicable Securities Law in any
jurisdiction where the Company’s securities are listed), at all times;

          (b) use reasonable, diligent efforts to file with the Commission in a timely manner all
reports and other documents required of the Company under Applicable Securities Law; and

          (c) so long as a Holder owns any Registrable Securities, to furnish to such Holder forthwith
upon request (1) a written statement by the Company as to its compliance with the reporting
requirements of all Applicable Securities Law, or whether it qualifies as a registrant whose
securities may be resold pursuant to Form S-3 or F-3 (or any form comparable thereto under
Applicable Securities Law of any jurisdiction where the Company’s securities are listed), (2) a
copy of the most recent annual of the Company and such other reports and documents as may be filed
by the Company with the Commission, and (3) such other reports, documents or information of the
Company, as a Holder may reasonably request in availing itself of any rule or regulation of the
Commission that permits the selling of any such securities without registration or pursuant to Form
S-3 or F-3 (or any form comparable thereto under Applicable Securities Law of any jurisdiction
where the Company’s securities are listed).

SECTION 3 MISCELLANEOUS

     3.1 Binding Effect; Assignment.

          (a) Notwithstanding anything herein to the contrary, the rights of any CGEN Holders under this
Agreement may be assigned or transferred by those CGEN Holders (i) to their respective partners,
general partners, limited partners or other entities contractually or legally entitled to
distributions from such a Holder, or (ii) to an Affiliate provided in each

12

 

case that (1) the Company is, within a reasonable time after such transfer, furnished with
written notice of the name and address of such transferee or assignee and the securities with
respect to which such rights are being assigned, and (2) such transferee or assignee agrees in
writing to be bound by and subject to the terms and conditions of this Section 3 and the terms and
conditions of each Section of this Agreement with respect to which any rights are being assigned
thereto under this clause. From the time of such transfer or assignment, for all purposes of each
Section of this agreement with respect to which rights are assigned thereto under this clause, such
transferee or assignee shall be treated as a “CGEN Holder”, as the case may be.

          (b) This Agreement shall be binding upon and shall be enforceable by each party, its
successors and permitted assigns. Except as provided in Section 3.1(a) and Section 3.1(b), no
party may assign any of its rights or obligations hereunder without the prior written approval of
the other parties.

     3.2 Governing Law. This Agreement shall be governed by, and construed in accordance
with, the laws of the State of New York.

     3.3 Dispute Resolution.

          (a) Any dispute, controversy or claim (each, a “Dispute”) arising out of or relating to this
Agreement, or the interpretation, breach, termination or validity hereof, shall be resolved at the
first instance through consultation between the representatives appointed by the highest ranking
corporate officer of the Company and a representative selected by a majority of the Registrable
Securities outstanding at the time of such dispute (provided any dispute as to any particular
Registration Statement shall be resolved by a representative selected by the Holders representing a
majority of the Registrable Securities included in such Registration Statement) (each a “Party”).
Such consultation shall begin immediately after either Party has delivered to the other Party a
written notice for such consultation.

          (b) If the Dispute is not resolved within sixty (60) days following the date on which such
notice is given, the Dispute shall be submitted to arbitration upon the request of either Party
with notice to the other Party (the “Arbitration Notice”).

          (c) The arbitration shall be conducted in Hong Kong under the auspices of the Hong Kong
International Arbitration Centre (the “Centre”). There shall be three (3) arbitrators. The
claimants in the Dispute shall collectively choose one arbitrator, and the respondents shall
collectively choose one arbitrator. The Secretary General of the Centre shall select the third
arbitrator, who shall be qualified to practice law in the State of New York. If any of the members
of the arbitral tribunal have not been appointed within thirty (30) days after the Arbitration
Notice is given, the relevant appointment shall be made by the Secretary General of the Centre.

          (d) The arbitration proceedings shall be conducted in English. The arbitration tribunal shall
apply the Arbitration Rules of the United Nations Commission on International Trade Law, as in
effect at the time of the arbitration. However, if such rules are in conflict with the provisions
of this Section 3.3, including the provisions concerning the appointment of arbitrator, the
provisions of this Section 3.3 shall prevail.

          (e) Each Party shall cooperate with the other in making full disclosure of and providing
complete access to all information and documents requested by the other in

13

 

connection with such arbitration proceedings, subject only to any confidentiality obligations
binding on such Party.

          (f) The arbitrator shall decide any dispute submitted by the parties to the arbitration
strictly in accordance with the substantive law of the State of New York and shall not apply any
other substantive law.

          (g) The award of the arbitration tribunal shall be final and binding upon the Parties, and the
prevailing Party may apply to a court of competent jurisdiction for enforcement of such award.

          (h) Either Party shall be entitled to seek preliminary injunctive relief, if possible, from
any court of competent jurisdiction pending the constitution of the arbitral tribunal.

          (i) During the course of the arbitration tribunal’s adjudication of the dispute, this
Agreement shall continue to be performed except with respect to the part in dispute and under
adjudication.

          (j) The cost of arbitration (including legal, accounting and other professional fees and
expenses reasonably incurred, by any prevailing party with respect to the investigation,
collection, prosecution and/or defense of any claim in the Dispute) shall be borne pro rata by each
losing party.

     3.4 Amendments; Termination. Except for the joinder of any additional CGEN Holders,
this Agreement and its provisions may be amended, changed, waived, discharged or terminated only by
a writing signed by each of (a) the Company, and (b) the CGEN Holders representing a majority in
voting power of the CGEN Registrable Securities. Any amendment, change, waiver, discharge or
termination effected in accordance with the preceding sentence shall be binding upon each of the
parties hereto and their successors and permitted assigns. Without limiting the foregoing, any
party hereto may in writing waive any right that it individually holds hereunder without seeking
the prior consent of any other party hereto. This Agreement shall automatically terminate when all
Holders cease to hold any CGEN Registrable Securities.

     3.5 Notices. All notices, claims, certificates, requests, demands and other
communications under this Agreement shall be made in writing and shall be delivered to any party
hereto by hand or sent by facsimile, or sent, postage prepaid, by reputable overnight courier
services at the address given for such party on the signature pages hereof (or at such other
address for such party as shall be specified by like notice), and shall be deemed given when so
delivered by hand, or if sent by facsimile, upon receipt of a confirmed transmittal receipt, or if
sent by overnight courier, five (5) calendar days after delivery to or pickup by the overnight
courier service.

     3.6 Further Assurances. Each Party shall do and perform, or cause to be done and
performed, all such further acts and things and shall execute and deliver all such other
agreements, certificates, instruments and documents as the other Party may reasonably request to
give effect to the terms and intent of this Agreement.

14

 

     3.7 Entire Agreement. This Agreement constitutes the entire agreement between the
Parties with respect to the subject matter hereof and supersedes all prior written or oral
understandings or agreements.

     3.8 Severability. If any provision of this Agreement shall be held invalid or
unenforceable to any extent, the remainder of this Agreement shall not be affected thereby and
shall be enforced to the greatest extent permitted by law.

     3.9 Remedies Cumulative. The rights and remedies available under this Agreement or
otherwise available shall be cumulative of all other rights and remedies and may be exercised
successively.

     3.10 Counterpart Execution. This Agreement may be executed in one or more
counterparts, each of which shall be deemed an original but all of which together shall constitute
one and the same instrument.

     3.11 No Third Party Beneficiary. Except as contemplated in Section 2.6, nothing in
this Agreement is intended to confer upon any Person other than the Parties hereto and their
respective successors and permitted assigns any rights, benefits, or obligations hereunder.

[Signature pages follow.]

15

 

     IN WITNESS WHEREOF the Parties hereto have caused their duly authorized representatives to
execute this Agreement as of the first date written above.

	 	 	 	 	 
	 	FOCUS MEDIA HOLDING LIMITED

 	 
	 	By:  	/s/ Daniel Mingdong Wu
 	 
	 	 	Name:  	Daniel Mingdong Wu 	 
	 	 	Capacity: Chief Financial Officer 	 
	 

Address for notice:

28-30/F, Zhao Feng World Trade Building

369 Jiangsu Road

Shanghai 200050 PRC

Attn: Daniel Wu, Chief Financial Officer

Tel: +86 21 3212 4661 ex. 6339

Fax: +86 21 5240 0228

[Signature Page to Registration Rights Agreement]

 

 

     IN WITNESS WHEREOF the Parties hereto have caused their duly authorized representatives to
execute this Agreement as of the first date written above.

	 	 	 	 	 
	 	CGEN HOLDERS

 	 
	 	By:  	/s/ Chan Yi Sing
 	 
	 	 	Name:  	Chan Yi Sing  	 
	 	 	Capacity: 	 
	 

Address for notice:

Suite 3203-4, Tower B,

City Center of Shanghai,

No.100 Zunyi Road

Shanghai 200051

Attn:                                                             

Tel: +86 21 6237 2250

Fax: +86 21 6237 1918

[Signature Page to Registration Rights Agreement]

 

 

	 	 	 	 	 
	 	TOTNES INTERNATIONAL LIMITED

 	 
	 	By:  	/s/ Steve Chu
 	 
	 	 	Name:  	Steve Chu  	 
	 	 	Capacity:  Director 	 
	 

Address for notice:

Jin Lin Tiandi

139 Danshui Lu

Unit 2- 1901

Shanghai 200020

China

Attn: Steve Chu

Tel: +86 13918191183

Fax:

[Signature Page to Registration Rights Agreement]

 

 

	 	 	 	 	 
	 	S.I. TECHNOLOGY VENTURE CAPITAL LIMITED

 	 
	 	By:  	/s/ Zhou Jie
 	 
	 	 	Name:  	Zhou Jie 	 
	 	 	Capacity: 	Director 	 
	 
	 	Address for notice:

26/F, Harcourt House,

39 Gloucester Road,

Hong Kong 	 
	 
	 	Attn: 	 Mr. Roger L.C. Leung/Ms. Rebecca Ng	 
	 	Tel:	 (852) 2821 3909	 
	 	Fax:	 (852) 2866 3330 	 

[Signature Page to Registration Rights Agreement]

 

 

	 	 	 	 	 
	 	SUMITOMO CORPORATION EQUITY ASIA LIMITED

 	 
	 	By:  	/s/ Tsuyoshi Konda
 	 
	 	 	Name:  	Tsuyoshi Konda 	 
	 	 	Capacity: 	Managing Director 	 
	 
	 	
Address for notice:

Suite 602, One International Finance Centre

No.1 Harbour View Street
Central
 Hong Kong
	 
	 
	 	Attn: 	 Tsuyoshi Konda	 
	 	Tel:	 852- 2295- 0300	 
	 	Fax:	 852- 2295- 0600 	 

[Signature Page to Registration Rights Agreement]

 

 

	 	 	 	 	 
	 	JAFCO ASIA TECHNOLOGY FUND III

 	 
	 	By:  	/s/ Hiroshi Yamada
 	 
	 	 	Name:  	Hiroshi Yamada 	 
	 	 	Capacity: 	Attorney 	 
	 
	 	
Address for notice:

c/o JAFCO Investment (Asia Pacific) Ltd.

6 Battery Road #42-01

Singapore 049909
	 
	 
	 	Attn: 	   The President	 
	 	Tel:	   (65) 6224 6383	 
	 	Fax:	   (65) 6221 3690 	 

[Signature Page to Registration Rights Agreement]

 

 

	 	 	 	 	 
	 	TDF CAPITAL CHINA II, LP

 	 
	 	By:  	/s/ Goh Yin Long
 	 
	 	 	Name:  	Goh Yin Long 	 
	 	 	Capacity: 	Investment Director 	 
	 
	 	
Address for notice:

Unit 2505, K. Wah Centre

1010 Huaihai Zhong Road

Shanghai 200031, PRC
	 
	 
	 	Attn: 	 Mr. Goh Yin Long	 
	 	Tel:	 +8621 5467 0500	 
	 	Fax:	 +8621 5404 7557 	 

[Signature Page to Registration Rights Agreement]

 

 

	 	 	 	 	 
	 	TDF CAPITAL ADVISORS, LP

 	 
	 	By:  	/s/ Goh Yin Long
 	 
	 	 	Name:  	Goh Yin Long 	 
	 	 	Capacity: 	Investment Director 	 
	 
	 	
Address for notice:

Unit 2505, K. Wah Centre

1010 Huaihai Zhong Road

Shanghai 200031, PRC
	 
	 
	 	Attn: 	 Mr. Goh Yin Long	 
	 	Tel:	 +8621 5467 0500	 
	 	Fax:	 +8621 5404 7557 	 

[Signature Page to Registration Rights Agreement]

 

 

	 	 	 	 	 
	 	HUITUNG INVESTMENTS (BVI) LIMITED

 	 
	 	By:  	/s/ Tsui-Hui Huang
 	 
	 	 	Name: 	Tsui-Hui Huang
 	 
	 	 	Capacity: 	President 	 
	 
	 	
Address for notice:

Room 2211, Shui On Plaza

333 Huai Hai Zhong Road

Shanghai, China

Zip Code: 200021
	 
	 
	 	Attn: 	 David Tso	 
	 	Tel:	 86-21-6385-3266	 
	 	Fax:	 86-21-6385-2199 	 

[Signature Page to Registration Rights Agreement]

 

 

	 	 	 	 	 
	 	REDPOINT VENTURES II, L.P.
 by its General Partner 
Redpoint Ventures II, LLC

 	 
	 	By:  	/s/ R. Thomas Dyal
 	 
	 	 	Name:  	R. Thomas Dyal 	 
	 	 	Capacity: 	Managing Director 	 
	 
	 	
Address for notice:

Redpoint Ventures

3000 Sand Hill Road

Building 2 Suite 290

Menlo Park, CA 94025

	 
	 
	 	Attn: 	 Lars Pedersen	 
	 	Tel:	 650-926-5600	 
	 	Fax:	 650-854-5762 	 

[Signature Page to Registration Rights Agreement]

 

 

	 	 	 	 	 
	 	REDPOINT ASSOCIATES II, LLC,
 as nominee

 	 
	 	By:  	/s/ R. Thomas Dyal
 	 
	 	 	Name:  	R. Thomas Dyal 	 
	 	 	Capacity: 	Managing Director 	 
	 
	 	
Address for notice:

Redpoint Ventures

3000 Sand Hill Road

Building 2 Suite 290

Menlo Park, CA 94025
	 
	 
	 	Attn: 	 Lars Pedersen	 
	 	Tel:	 650-926-5600	 
	 	Fax:	 650-854-5762 	 

[Signature Page to Registration Rights Agreement]

 

 

	 	 	 	 	 
	 	INVESTLINK CONSULTING (CHINA) LIMITED

 	 
	 	By:  	/s/ Peter Yeung
 	 
	 	 	Name:  	Peter Yeung 	 
	 	 	Capacity: 	 Director 	 
	 
	 	
Address for notice:

38/F Tower 2, Plaza 66

1366 Nan Jing Road West

Shanghai 200040

China
	 
	 
	 	Attn: 	 Steven Xiang	 
	 	Tel:	 8621 3217 9511	 
	 	Fax:	 8621 6288 3866 	 

[Signature Page to Registration Rights Agreement]

 

 

	 	 	 	 	 
	 	CPI BALLPARK INVESTMENTS LTD

 	 
	 	By:  	/s/ Ian Johnson
 	 
	 	 	Name:  	Ian Johnson 	 
	 	 	Capacity: 	 Director 	 
	 
	 	
Address for notice:

Merrill Lynch Asia Pacific

15th Floor, Citibank Tower

3 Garden Road

Central, Hong Kong

	 
	 
	 	Attn: 	 Sampson Lew	 
	 	Tel:	 +852 2161 7650	 
	 	Fax:	 +852 2161 7148 	 

[Signature Page to Registration Rights Agreement]

 

 

Schedule A — CGEN Holders

Shareholders

Chan Yi Sing

Totnes International Limited

S.I. Technology Venture Capital Limited

Sumitomo Corporation Equity Asia Limited

JAFCO Asia Technology Fund III

TDF Capital China II, LP

TDF Capital Advisors, LP

Huitung Investments (BVI) Limited

Redpoint Ventures II, L.P.

Redpoint Associates II, LLC

Investlink Consulting (China) Limited

CPI Ballpark Investments Ltd.

Option Holders

(Chinese Characters) (Tian Guanyong)

(Chinese Characters) (Cao Xiaofeng)

(Chinese Characters) (Zhu Haiguang)

(Chinese Characters) (Yao Fang)

(Chinese Characters) (Mei Lijun)

(Chinese Characters) (Cao Zhigao)

(Chinese Characters) (Hu Yufei)

JJZ Investment Ltd.

(Chinese Characters) (Zhu Wei)

(Chinese Characters) (Fang Sheng)

(Chinese Characters) (Hu Xiaotu)

(Chinese Characters) (Yuan Gang)

(Chinese Characters) (Feng Enxu)

(Chinese Characters) (Ma Yiheng)

(Chinese Characters) (Li Ji)

(Chinese Characters) (Chi Guliang)

(Chinese Characters) (Gu Qing)

(Chinese Characters) (Cao Jiong)

(Chinese Characters) (Chen Yafeng)

(Chinese Characters) (Jiang Haili)

(Chinese Characters) (Qian Feng)

(Chinese Characters) (Cheng Fangmin)

(Chinese Characters) (Jia Jidong)

(Chinese Characters) (Chen Budong)

(Chinese Characters) (Yang Bin)

(Chinese Characters) (Wang Bin)

(Chinese Characters) (Wang Yan)

 

 

(Chinese Characters) (Zhou Jun)

(Chinese Characters) (Liu Xuanyun)

(Chinese Characters) (Geng Xiaoxuan)

(Chinese Characters) (Zhan Lei)

(Chinese Characters) (Xia Ying)

(Chinese Characters) (Weng Da)

(Chinese Characters) (Xu Xiao)

(Chinese Characters) (Zhang Nan)

(Chinese Characters) (Meng Bing)

(Chinese Characters) (Fang Yanrong)

(Chinese Characters) (Yan Jianwen)

(Chinese Characters) (Cai Yan)

(Chinese Characters) (Xue Baogen)

(Chinese Characters) (Dong Yi)

(Chinese Characters) (Wang Xiaoying)

(Chinese Characters) (Zhou Rongbao)

(Chinese Characters) (Chen Mingliang)

(Chinese Characters) (Cai Chunming)

(Chinese Characters) (Gao Zhiwei)

(Chinese Characters) (Wang Zheng)

(Chinese Characters) (Yue Lei)

(Chinese Characters) (Lai Yunna)

(Chinese Characters) (Huang Shen)

(Chinese Characters) (Guan Yudong)

(Chinese Characters) (Shan Renli)

(Chinese Characters) (Wu Xin)

(Chinese Characters) (Tu Jie)

(Chinese Characters) (Zhang Lianwei)

(Chinese Characters) (Xing Rui)

(Chinese Characters) (Geng Haibin)

(Chinese Characters) Zhang Zhengxian)

(Chinese Characters) (Zhu Feng)

(Chinese Characters) (He Shijiong)

(Chinese Characters) (Pan Jianhua)

(Chinese Characters) (Zhang Ye)

(Chinese Characters) (Sun Fang)

(Chinese Characters) (Zhou Zheng)

(Chinese Characters) (Jiang Pengtao)

 

 

Schedule 2.1(a)(2)

1. Ernst & Young Hua Ming’s inability or unwillingness to provide an unqualified audit report in
respect of CGEN Digital Media Company Limited for fiscal year 2007.

2. Any issue or problem relating to SEC Rule 3-05 of Regulation S-X that arises primarily as a
result of Focus Media Holding Limited’s acquisition of CGEN Digital Media Company Limited.

3. Any other issue or problem that renders Focus Media Holding Limited ineligible to use Form
F-3ASR; provided that Focus Media Holding Limited demonstrates to the reasonable satisfaction of
the Seller’s Representative that such issue or problem was primarily a result of the acquisition of
CGEN Digital Media Company Limited.EX-10.164 EQUITY PLEDGE AGREEMENT

 

Exhibit 10.164

Confidential

 

 

EQUITY PLEDGE AGREEMENT

AMONG

SHANGHAI FOCUS MEDIA ADVERTISEMENT CO., LTD

SHANGHAI FOCUS MEDIA ADVERTISING AGENCY CO., LTD

CGEN DIGITAL TECHNOLOGY (SHANGHAI) COMPANY LTD

AND

SHANGHAI CGEN CULTURE COMMUNICATION COMPANY LTD

DATED AS OF

January 5 2008

 

 

 

 

EQUITY PLEDGE AGREEMENT

This Equity Pledge Agreement (hereinafter, this “Agreement”) is entered into in Shanghai of the
People’s Republic of China (hereinafter “PRC”) as of January 5 2008 by and among the following
Parties:

	(1)	 	Shanghai Focus Media Advertisement Co., Ltd. (hereinafter “Focus Media Advertisement”)

Registered Address: Unit F Room 1003, No.1027, Changning Road, Changning District, Shanghai
	 
	(2)	 	Shanghai Focus Media Advertising Agency Co., Ltd. (hereinafter “Focus Media Advertising
Agency”)

Registerd Address: Room A65, 28th Floor, No. 369, Changning Road, Changning
District, Shanghai
	 
	(3)	 	CGEN Digital Technology (Shanghai) Company Ltd. (hereinafter “Pledgee”)

Registered Address: Room 2207, Building 2, 200 Zhangheng Road, Zhangjiang High Technology
Park, Shanghai
	 
	(4)	 	Shanghai CGEN Culture Communications Company Ltd (hereinafter “CGEN Culture”)

Registered Address: Unit A, F4, North Tower, 1016 Dingxi Road, Changning District, Shanghai

(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 “Pledgor” and collectively referred to as the “Pledgors” .)

WHEREAS:

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

1

 

	(2)	 	Pursuant to the Call Option Agreement dated as of January 5 2008 among the Pledgee, the
Pledgors and CGEN Culture (hereinafter, the “Call Option Agreement”), the Plegors shall
transfer part or all of the equity interest of CGEN Culture they hold to Pledgee and/or any
other entity or individual designated by Pledgee at the request of Pledgee.
	 
	(3)	 	Pursuant to the Shareholders’ Voting Right Proxy Agreement dated as of January 5 2008 among
the Pledgee, the Pledgors and CGEN Culture (hereinafter, the “Proxy Agreement”), Pledgors have
already entrusted the person designated by the Pledgees with full power to exercise on their
behalves all of their shareholders’ voting rights in CGEN Culture.
	 
	(4)	 	As security for performance by the Pledgors of the Contract Obligations (as defined below)
and repayment of the Guaranteed Liabilities (as defined below), the Pledgors agree to pledge
all of their CGEN Culture Equity to the Pledgee and grant the Pledgee the right to request for
repayment on first priority and CGEN Culture agrees such equity pledge arrangement.

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:

“Contract Obligations” shall mean all contractual obligations of a Pledgor under the Call Option
Agreement and Proxy Agreement; all contractual obligations of CGEN Culture under the Call Option
Agreement and Proxy Agreement; and all contractual obligations of a Pledgor under this Agreement.

“Guaranteed Liabilities” shall mean all direct, indirect and consequential losses and losses of
foreseeable profits suffered by Pledgee due to any Breaching Event (as defined below) by a Pledgor
and/or CGEN Culture, and all fees incurred by Pledgee for the enforcement of the Contractual
Obligations of a Pledgor and/or CGEN Culture.

2

 

“Transaction Agreements” shall mean the Call Option Agreement and the Proxy Agreement.

“Breaching Event” shall mean any breach by either Pledgor of its Contract Obligations under the
Proxy Agreement, Call Option Agreement and/or this Agreement; any breach by a CGEN Culture of its
Contract Obligations under the Call Option Agreement, Proxy Agreement and/or this Agreement.

“Pledged Property” shall mean the equity interest in CGEN Culture which is legally owned by the
Pledgor as of the effective date hereof and is to be pledges by the Pledgor to the Pledgee
according to provisions hereof as the security for the performance by the Pledgor and CGEN Culture
of their Contractual Obligations (in respect of Focus Media Advertisement, means the 90% equity
interest it holds in CGEN Culture, and in respect of Focus Media Advertising Agency, means the 10%
equity interest it holds in CGEN Culture), and the increased capital contribution and equity
interest described in Articles 2.6 and 2.7 hereof.

“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.

	1.2	 	The references to any PRC Law herein shall be deemed:

	 	(1)	 	to include any 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 any 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 Equity Pledge

	2.1	 	Each Pledgor hereby agrees to pledge the Pledged Property, which it legally

3

 

owns and has the right to dispose of, to Pledgee according to the provisions hereof as the
security for the performance of the Contract Obligations and the repayment of the Guaranteed
Liabilities. CGEN Culture hereby agrees that the Pledgors who legally hold equity interest
in it to pledge the Pledged Property to the Pledgee according to the provisions hereof.

	2.2	 	Each Pledgor hereby undertakes that it will be responsible for, recording the arrangement of
the equity pledge hereunder (hereinafter, the “Equity Pledge”) on the shareholder register of
CGEN Culture on the date hereof, and will do its best endeavor to make registration with
registration authorities of industry and commerce where CGEN Culture registers. CGEN Culture
undertakes that it will do its best to cooperate with the Pledgors to complete the
registration with authorities of industry and commerce under this Article.
	 
	2.3	 	During the valid term of this Agreement, except for the willful misconduct or gross
negligence of Pledgee which has direct cause and effect relationship with the reduction in
value of the Pledged Property, Pledgee shall not be liable in any way to, nor shall Pledgors
have any right to claim in any way or propose any demands on Pledgee, in respect of the said
reduction in value of the Pledged Property.
	 
	2.4	 	To the extent not violating provision of Article 2.3 above, in case of any possibility of
obvious reduction in value of the Pledged Property which is sufficient to jeopardize Pledgee’s
rights, Pledgee may at any time auction or sell off the Pledged Property on behalf of
Pledgors, and discuss with Pledgors to use the proceeds from such auction or sale-off as
pre-repayment of the Guaranteed Liabilities, or may submit such proceeds to the local notary
institution to keep where Pledgee are domiciled (any fees incurred in relation thereto shall
be borne by Pledgors).
	 
	2.5	 	The Plegee as Plegee shall be deemed to have created the encumbrance of first order in
priority on the Pledged Property, and in case of any Breaching Event, such Pledgee shall have
the right to dispose of the Pledged Property in the way set out in Article 4 hereof.
	 
	2.6	 	Only upon prior consent by Pledgee, Pledgors may increase their capital

4

 

	 	 	contribution to CGEN Culture. Further capital contribution made by Pledgor (s) in CGEN
Culture shall also be part of the Pledged Property.

	2.7	 	Only upon prior consent by Pledgee, Pledgors may be able to receive dividends or share
profits from the Pledged Property. The dividends or the profits received by Pledgors from the
Pledged Property shall be deposited into Pledgee’s bank account designated by Pledgee
respectively, to be under the supervision of Pledgee and used as the Pledged Property to repay
in priority the Guaranteed Liabilities.

Article 3 Release of Pledge

In respect of equity interest of CGEN Culture, upon full and complete performance by relevant
Pledgors of all of their Contract Obligations and upon the full repayment by relevant Pledgors of
all the Guaranteed Liabilities(if any), the Pledgee shall, at the request of relevant Pledgors,
release the pledge created on CGEN Culture under this Agreement, and shall cooperate with Pledgors
to go through the formalities to cancel the record of the Equity Pledge in the shareholder
register of CGEN Culture; in case of the Equity Pledge having been recorded at the registration
department of Administration of Industry and Commerce where CGEN Culture registers, the relevant
Parties shall cooperate with each other to go through the formalities to cancel such record of the
Equity Pledge. The reasonable fees incurred in connection with such release to be borne by
Pledgee.

Article 4 Disposal of the Pledged Property

	4.1	 	Pledgors, CGEN Culture and Pledgee hereby agree that, in case of any Breaching Event, the
Pledgee shall have the right to exercise, upon giving written notice to Pledgors, all of the
remedial rights and powers enjoyable by it under PRC Law, Transaction Agreements and the terms
hereof, including but not limited to being repaid in priority with proceeds from auctions or
sale-offs of the Pledged Property. Pledgee shall not be liable for any loss as the result of
their reasonable exercise of such rights and powers.

	4.2	 	Pledgee shall have the right to designate in writing its legal counsel or other agents to
exercise on their respective behalf any and all rights and powers set out above, and neither
Pledgors nor CGEN Culture shall not oppose thereto.

5

 

	4.3	 	The reasonable costs incurred by Pledgee in connection with their exercise of any and all
rights and powers set out above shall be borne by Pledgors, and Pledgee shall have the right
to deduct the costs actually incurred from the proceeds acquired from the exercise of the
rights and powers.

	4.4	 	The proceeds that Pledgee acquires from the exercise of their respective rights and powers
shall be used in the priority order as follows:

Firstly, to pay any cost incurred in connection with the disposal of the Pledged Property
and the exercise by Pledgee of their respective rights and powers (including remuneration
paid to their respective legal counsels and agents);

Secondly, to pay any taxes and levies payable for the disposal of the Pledged Property;
and

Thirdly, to repay Pledgee for the Guaranteed Liabilities.

In case of any balance after payment of the above amounts, Pledgee shall return it to
Pledgors or other persons entitled thereto according to the relevant laws and rules or submit
it to the local notary institution for keeping where Pledgee is domiciled (any fees incurred
in relation thereto shall be borne by Pledgors).

	4.5	 	Pledgee shall have the option to exercise, simultaneously or in certain sequence, any of the
remedies at breaching that it is entitled to in respect of the equity interest of CGEN Culture
held by any Pledgor. Pledgee shall not be obliged to exercise any other remedies at breaching
before their exercise of the right to the auctions or sale-offs of the Pledged Property
hereunder. Pledgors or CGEN Culture shall not oppose to whether Pledgee exercises any part of
the right to the pledge or the sequence of exercising the pledge interest.

Article 5 Fees and Costs

All costs actually incurred in connection with the establishment of the Equity Pledge hereunder,
including but not limited to stamp duties, any other taxes, all legal fees, etc shall be borne by
the Pledgee.

6

 

Article 6 Continuity and No Waive

The Equity Pledge hereunder is a continuous guarantee, with its validity to continue until the full
performance of the Contract Obligations or the full repayment of the Guaranteed Liabilities.
Neither exemption or grace period granted by Pledgee to Pledgors in respect of their breach, nor
delay by Pledgee in exercising any of their rights under the Transaction Agreements and this
Agreement shall affect the rights of Pledgee under this Agreement, relevant PRC Law and the
Transaction Agreements, the rights of Pledgee to demand at any time thereafter the strict
performance of the Transaction Agreements and this Agreement by Pledgors or the rights Pledgee may
be entitled to due to subsequent breach by Pledgors of the obligations under the Transaction
Agreements and/or this Agreement.

Article 7 Representations and Warranties by Pledgors

Each of Pledgors hereby, in respect of itself and CGEN Culture in which it holds equity interest,
represents and warrants to Pledgee as follows:

	7.1	 	Each Individual Pledgor is a limited liability corporation duly registered and validly
existing under PRC Law with complete and 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 is capable to act independently as a subject of legal actions.

	7.2	 	CGEN Culture in which the Pledgors hold equity interest is a limited liability corporation
duly incorporated and validly existing under PRC Law, it has independent status as a legal
person. It has full and independent legal status and capacity to execute, deliver and perform
this Agreement and can independently be a subject of actions. It has 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.

	7.3	 	All reports, documents and information concerning Pledgors and all matters as required by
this Agreement which are provided by Pledgors to Pledgee before this Agreement comes into
effect are true, correct and effective in all material

7

 

	 	 	aspects as of the effectiveness hereof.
	 
	7.5	 	At the time of the effectiveness of this Agreement, Pledgors are the sole legal owners of the
Pledged Property, with no existing dispute whatsoever concerning the ownership of the Pledged
Property. Pledgors have the right to dispose of the Pledged Property or any part thereof.

	7.6	 	Except for the encumbrance set on the Pledged Property hereunder and the rights set under the
Transaction Agreements, there is no other encumbrance or third party interest set on the
Pledged Property.

	7.7	 	The Pledged Property is capable of being pledged or transferred according to the laws, and
Pledgors have the full right and power to pledge the Pledged Property to Pledgee according to
this Agreement.

	7.8	 	This Agreement constitutes the legal, valid and binding obligations on Pledgors when it is
duly executed by Pledgors.

	7.9	 	Any consent, permission, waive or authorization by any third person, or any approval,
permission or exemption by any government authority, or any registration or filing formalities
(if required by laws) with any government authority to be handled or obtained in respect of
the execution and performance hereof and the Equity Pledge hereunder have already been handled
or obtained, and will be fully effective during the valid term of this Agreement.

	7.10	 	The execution and performance by Pledgors of this Agreement are not in violation of or
conflict with any laws applicable to them, or any agreement to which they are a party or which
has binding effect on their assets, any court judgment, any arbitration award, or any
administration authority decision.

	7.11	 	The pledge hereunder constitutes the encumbrance of first order in priority on the Pledged
Property.

	7.12	 	All taxes and fees payable in connection with acquisition of the Pledged Property have
already been paid in full amount by Pledgors.

8

 

	7.13	 	There is no pending or, to the knowledge of Pledgors, threatened litigation, legal process or
demand by any court or any arbitral tribunal against Pledgors, or their property, or the
Pledged Property, nor is there any pending or, to the knowledge of Pledgors, threatened
litigation, legal process or demand by any government authority or any administration
authority against Pledgors, or their property, or the Pledged Property, which is of material
or detrimental effect on the economic status of Pledgors or their capability to perform the
obligations hereunder and the Guaranteed Liabilities.

	7.14	 	Pledgors hereby warrant to Pledgee that the above representations and warranties will remain
true, correct and effective at any time and under any circumstance before the Contractual
Obligations are fully performed or the Guaranteed Liabilities are fully repaid, and will be
fully complied with.

Article 8 — Representations and Warranties by CGEN Culture

CGEN Culture hereby represents and warrants to Pledgee as follows:

	8.1	 	CGEN Culture is a limited liability corporation duly incorporated and validly existing under
PRC Law, with full capacity of disposition and has obtained due authorization to execute,
deliver and perform this Agreement and can independently be a subject of actions.

	8.2	 	All reports, documents and information concerning Pledged Property and all matters as
required by this Agreement which are provided by CGEN Culture to Pledgee before this Agreement
comes into effect are true, correct and effective in all material aspects as of the execution
hereof.

	8.3	 	All reports, documents and information concerning Pledged Property and all matters as
required by this Agreement which are provided by CGEN Culture to Pledgee after this Agreement
comes into effect are true, correct and effective in all material aspects upon provision.

	8.4	 	This Agreement constitutes the legal, valid and binding obligations on CGEN Culture when it
is duly executed by CGEN Culture.

	8.5	 	It has full right and authorization to execute and deliver this Agreement and

9

 

	   	 	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.
	 
	8.6	 	There is no pending or, to the knowledge of CGEN Culture, threatened litigation, legal
process or demand by any court or any arbitral tribunal against CGEN Culture, or their
property (including but are not limited to the Pledged Property), nor is there any pending or,
to the knowledge of CGEN Culture, threatened litigation, legal process or demand by any
government authority or any administration authority against CGEN Culture, or their property
(including but are not limited to the Pledged Property), which is of material or detrimental
effect on the economic status of CGEN Culture or their capability to perform the obligations
hereunder and the Guaranteed Liabilities.

	8.7	 	CGEN Culture hereby agree to bear joint responsibilities to Pledgee in respect of the
representations and Warranties made by its relevant Plegor according to Article 7.5, Article
7.6, Article 7.7, Article 7.9 and Article 7.11 hereof.

	8.8	 	CGEN Culture hereby warrant to Pledgee that the above representations and warranties will
remain true, correct and effective at any time and under any circumstance before the
Contractual Obligations are fully performed or the Guaranteed Liabilities are fully repaid,
and will be fully complied with.

Article 9 — Undertakings by Pledgors

Each of Pledgors hereby individually undertakes to Pledgee in respect of itself and CGEN Culture of
which it holds equity as follows:

	9.1	 	Without prior written consent by Pledgee, Pledgors shall not establish or permit to establish
any new pledge or any other encumbrance on the Pledged Property.

	9.2	 	Without first giving written notice to Pledgee and having Pledgee’s prior written consent,
Pledgors shall not transfer the Pledged Property, and any attempt by Pledgors to transfer the
Pledged Property shall be null and void. The proceeds from transfer of the Pledged Property
by Pledgors shall be used to repay to Pledgee in advance the Guaranteed Liabilities or submit
the same to the third party agreed with Pledgee.

10

 

	9.3	 	In case of any litigation, arbitration or other demand which may affect detrimentally the
interest of Pledgors or Pledgee under the Transaction Agreements and hereunder or the Pledged
Property, Pledgors undertake to notify Pledgee thereof in writing as soon as possible and
promptly and shall take, at the reasonable request of Pledgee, all necessary measures to
ensure the pledge interest of Pledgee in the Pledged Property.
	 
	9.4	 	Pledgors shall not carry on or permit any act or action which may affect detrimentally the
interest of Pledgee under the Transaction Agreements and hereunder or the Pledged Property.
	 
	9.5	 	Pledgors guarantee that they shall, at the reasonable request of Pledgee, take all necessary
measures and execute all necessary documents (including but not limited to supplementary
agreement hereof) in respect of ensuring the pledge interest of Pledgee in the Pledged
Property and the exercise and realization of the rights thereof.
	 
	9.6	 	In case of assignment of any Pledged Property as the result of the exercise of the right to
the pledge hereunder, Pledgors guarantee that they will take all necessary measures to realize
such assignment.
	 
	9.7	 	Without the prior written consent by the Pledgee, if the business term of CGEN Culture
expires during the term of this Agreement, each Pledgor shall then take all necessary measures
to extend such business term to ensure the business term of CGEN Culture not be expired during
the term of this Agreement.

Article 10 — Undertakings by CGEN Culture

	10.1	 	Any consent, permission, waive or authorization by any third person, or any approval,
permission or exemption by any government authority, or any registration or filing formalities
(if required by laws) with any government authority to be handled or obtained in respect of
the execution and performance hereof and the Equity Pledge hereunder will be cooperated to
handle or obtain by CGEN Culture to their best and will be ensured to remain full effective
during the valid term of this Agreement.

11

 

	10.2	 	Without the prior written consent by Pledgee, CGEN Culture shall not cooperate to establish
or permit to establish any new pledge or any other encumbrance on the Pledged Property.

	10.3	 	Without having Pledgee’s prior written consent, CGEN Culture shall not cooperate to transfer
or permit to transfer the Pledged Property.

	10.4	 	In case of any litigation, arbitration or other demand which may affect detrimentally the
interest of CGEN Culture or Pledgee under the Transaction Agreements and hereunder or the
equity of CGEN Culture as the Pledged Property, CGEN Culture undertake to notify Pledgee
thereof in writing as soon as possible and promptly and shall take, at the reasonable request
of Pledgee, all necessary measures to ensure the pledge interest of Pledgee in the Pledged
Property.

	10.5	 	CGEN Culture shall not carry on or permit any act or action which may affect detrimentally
the interest of Pledgee under the Transaction Agreements and hereunder or the Pledged
Property.

	10.6	 	CGEN Culture shall provide Pledgee with the financial statement of the last calendar season
within the first month of each calendar season, including but are not limited to the balance
sheet, the income statement and the statement of cash flow.

	10.7	 	CGEN Culture guarantee that they shall, at the reasonable request of Pledgee, take all
necessary measures and execute all necessary documents (including but not limited to
supplementary agreement hereof) in respect of ensuring the pledge interest of Pledgee in the
Pledged Property and the exercise and realization of the rights thereof.

	10.8	 	In case of assignment of any Pledged Property as the result of the exercise of the right to
the pledge hereunder, CGEN Culture guarantee that they will take all necessary measures to
realize such assignment.

Article 11 — Change of Circumstances

As supplement and subject to compliance with other terms of the Transaction

12

 

Agreements and this Agreement, in case that at any time the promulgation or change of any PRC Law,
regulations or rules, or change in interpretation or application of such laws, regulations and
rules, or the change of the relevant registration procedures enables Pledgee to believe that it
will be illegal or in conflict with such laws, regulations or rules to further maintain the
effectiveness of this Agreement and/or dispose of the Pledged Property in the way provided herein,
Pledgors and CGEN Culture shall, at the written direction of Pledgee and in accordance with the
reasonable request of Pledgee, promptly take actions and/or execute any agreement or other
document, in order to:

	 	(1)	 	keep this Agreement remain in effect;
	 
	 	(2)	 	facilitate the disposal of the Pledged Property in the way provided herein;
and/or
	 
	 	(3)	 	maintain or realize the intention or the guarantee established hereunder.

Article 12 — Effectiveness and Term of This Agreement

	12.1	 	This Agreement shall become effective when this Agreement is duly executed by Pledgee, CGEN
Culture and the Pledgors who hold the equity interest in CGEN Culture.

	12.2	 	The Pledgors who hold the equity interest in CGEN Culture and CGEN Culture shall legally
record the Equity Pledge in the shareholders’ registry of CGEN Culture.
	 
	 	 	Pledgors shall provide the registration certification of the Equity Pledge being recorded in
the shareholders’ registry as mentioned above to Pledgee in a way satisfactory to Pledgee.

	12.3	 	This Agreement shall have its valid term until the full performance of the Contract
Obligations or the full repayment of the Guaranteed Liabilities.

Article 13 — Notice

	13.1	 	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.

13

 

	13.2	 	The abovementioned notice or other correspondences shall be deemed to have been delivered
when it is transmitted if transmitted by facsimile; it shall be deemed to have been delivered
when it is delivered if received in person; it shall be deemed to have been delivered five (5)
days after posting the same if posted by mail.

Article 14 — Miscellaneous

	14.1	 	Pledgee may, upon notice to Pledgors and CGEN Culture but not necessarily with Pledgors and
CGEN Culture’s consent, assign Pledgee’s rights and/or obligations hereunder to any third
party; provided that Pledgors can not, without Pledgee’s prior written consent, assign
Pledgors’ rights, obligations and/or liabilities hereunder to any third party. Successors or
permitted assignees (if any) of Pledgors shall continue to perform the obligations of Pledgors
under this Agreement.

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

	14.3	 	The formation, validity, execution, amendment, interpretation and termination of this
Agreement shall be governed by PRC Law.

	14.4	 	Any disputes arising hereunder and in connection herewith shall be settled through
consultations among the Parties, and if the Parties cannot reach an agreement regarding such
disputes within thirty (30) 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 disputing Parties.

	14.5	 	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.

	14.6	 	Any failure or delay by a Party in exercising any of its rights, powers and

14

 

	 	 	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.
	 
	14.7	 	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.

	14.8	 	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.

	14.9	 	This Agreement shall substitute any other documents on the same subject executed by relevant
Parties hereof once duly executed.

	14.10	 	Any amendments or supplements to this Agreement shall be made in writing. Except for
assignment by Pledgee of its rights hereunder according to Article 14.1 of this Agreement, the
amendments or supplements to this Agreement shall take effect only when properly signed by the
Parties to this Agreement.

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

	14.12	 	At the time of execution hereof, each of Pledgors shall sign respectively a Power of
Attorney (as set out in Appendix I hereto, hereinafter, the “Power of Attorney”) to authorize
any person designated by the Pledgee to sign on the Pledgee’s behalf according to this
Agreement any and all legal documents necessary for the exercise of Pledgee’s rights
hereunder. Such Power of Attorney shall be delivered to the Pledgee to keep in custody and,
when necessary, the Pledgee may at any time submit the Power of Attorney to the relevant
government authority.

[The remainder of this page is left blank]

15

 

IN WITNESS HEREOF, the following Parties have caused this Equity Pledge Agreement to be executed as
of the date and in the place first here above mentioned.

Shanghai Focus Media Advertisement Co., Ltd.

(chop)

Signature by Authorized Representative:                                         

Name: Jiang Nanchun

Position: Legal Representative

Shanghai Focus Media Advertising Agency Co., Ltd

(chop)

Signature by Authorized Representative:                                         

Name: Jiang Nanchun

Position: Legal Representative

CGEN Digital Technology (Shanghai) Co., Ltd.

(chop)

Signature by Authorized Representative:                                         

Name:

Position:

Shanghai CGEN Culture Communication Co., Ltd

(chop)

Signature by Authorized Representative:                                         

Name: Yang Deyi

Position: Legal Representative

16

 

Appendix I:

Form of Power of Attorney

The company hereby irrevocably entrust [                              ] [Identity Card number:                                         ], as the
authorized representative of the company, to sign all the necessary or useful legal documents for
the exercise of the rights by CGEN Digital Technology (Shanghai) Company Ltd under the Equity
Pledge Agreement among CGEN Digital Technology (Shanghai) Company Ltd, the company, Shanghai CGEN
Culture Communication Co., Ltd and other relevant party dated                     , 2008.

	 	 	 	 	 
	 	Shanghai Focus Media Advertisement Co., Ltd.

(Chop)

 	 
	 	Signature: 	 	 	 
	 	Date:  	 	 	 
	 	 	 

17

 

	 	 	 	 	 

Form of Power of Attorney

The company hereby irrevocably entrust [                              ] [Identity Card number:                                         ], as the
authorized representative of the company, to sign all the necessary or useful legal documents for
the exercise of the rights by CGEN Digital Technology (Shanghai) Company Ltd under the Equity
Pledge Agreement among CGEN Digital Technology (Shanghai) Company, the company, Shanghai CGEN
Culture Communication Co., Ltd and other relevant party dated                     , 2008.

	 	 	 	 	 
	 	Shanghai Focus Media Advertising Agency Co., Ltd.

(Chop)

 	 
	 	Signature: 	 	 	 
	 	Date: 	 	 	 
	 	 	 
	 

18

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00141-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00141-of-00352.parquet"}]]