Document:

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                                                                   EXHIBIT 10.64

                                                         Equity Pledge Agreement
                           Target Media Acknowledgement Letter for Participation

                     ACKNOWLEDGE LETTER FOR PARTICIPATION OF
                             EQUITY PLEDGE AGREEMENT

SHANGHAI FOCUS MEDIA ADVERTISEMENT CO., LTD. (registered address: Room 1003F,
No.1027, Changning Road, Changning District, Shanghai), SHANGHAI FOCUS MEDIA
ADVERTISING AGENCY CO., LTD. (registered address: Room A65, 28 Floor, No.369,
Jiangsu Road, Changning District, Shanghai) (hereinafter "PARTICIPATING
PLEDGORS" collectively) and SHANGHAI TARGET MEDIA CO., LTD. (registered address:
Room 2, No. 85, Xinsixi Street, Zhelin Town, Fengxian District, Shanghai)
(hereinafter "PARTICIPATING TARGET COMPANY") hereby agree to participate in
Equity Pledge Agreement dated on March 28, 2005 among Focus Media Technology
(Shanghai) Co., Ltd. (hereinafter"FOCUS MEDIA TECHNOLOGY"), Focus Media Digital
Information Technology (Shanghai) Co, Ltd. (hereinafter "FOCUS MEDIA DIGITAL"),
Shanghai Focus Media Advertisement Co., Ltd. and other relevant parties
(hereinafter "EQUITY PLEDGE AGREEMENT") as an independent contract party.
Participating Pledgors and Participating Target Company pledge the equity of the
Participating Target Companies which constitute 100% of the registered capital
of the Participating Target Companies to Focus Media Technology as the date of
the Acknowledgement Letter to secure the following contractual obligations:

      1.    Contractual obligation for the Participating Pledgeors:

            (a)   Participating Pledgeors' obligation under the Call Option
                  Agreement among Focus Media Technology and other relevant
                  parties dated March 28, 2005 (hereinafter "CALL OPTION
                  AGREEMENT") Participating by the Participating Pledgeors
                  pursuant to the Acknowledge Letter dated May 22, 2006; and

            (b)   Participating Pledgeors' obligation under the Shareholder's
                  Voting Rights Proxy Agreement among Focus Media Technology and
                  other relevant parties dated March 28 2005 (hereinafter
                  "VOTING RIGHTS PROXY AGREEMENT") Participating by the
                  Participating Pledgeors pursuant to the Acknowledge Letter
                  dated May 22, 2006.

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      2.    Contractual obligation for the Participating Target Company:

            (a)   Participating Target Company's obligation under the Call
                  Option Agreement Participating by the Participating Target
                  Company pursuant to the Acknowledge Letter dated May 22, 2006;
                  and

            (b)   Participating Target Company's obligation under the
                  Shareholder's Voting Rights Proxy Agreement Participating by
                  the Participating Target Company pursuant to the Acknowledge
                  Letter dated May 22, 2006.

This Acknowledgement Letter once executed by the Participating Pledgeors and
Participating Target Company, Participating Pledgeors and Participating Target
Companies shall make the same undertakings and warranties with those of
Pledgeors and Target Companies under the Equity Pledge Agreement (which shall in
relation to the Participating Pledgeors and Participating Target Company, and
shall be limited to those applicable to Participating Pledgeors and
Participating Target Company), agree to perform the obligations of Pledgors and
Target Company stipulated in the Equity Pledge Agreement (which shall in
relation to the Participating Pledgeors and Participating Target Company, and
shall be limited to those applicable to Participating Pledgeors and
Participating Target Company), and admit the rights and obligations of Parties
under the Equity Pledge Agreement.

                   [THE REMAINDER OF THIS PAGE IS LEFT BLANK]

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                                                         Equity Pledge Agreement
                           Target Media Acknowledgement Letter for Participation

                                [EXECUTION PAGE]

SHANGHAI FOCUS MEDIA ADVERTISEMENT CO., LTD.
(CHOP)

Sign:  /s/ Jason Nanchun Jiang
      ------------------------------
Name: Jason Nanchun Jiang
Position: Authorized Representative
Date: May 22, 2006

SHANGHAI FOCUS MEDIA ADVERTISING AGENCY CO., LTD.
(CHOP)

Sign:  /s/ Jason Nanchun Jiang
      -----------------------------
Name: Jason Nanchun Jiang
Position: Authorized Representative
Date: May 22, 2006

SHANGHAI TARGET MEDIA CO., LTD.
(CHOP)

Sign:   /s/ Jason Nanchun Jiang
      ------------------------------
Name: Jason Nanchun Jiang
Position: Authorized Representative
Date: May 22, 2006

FOCUS MEDIA TECHNOLOGY (SHANGHAI) CO., LTD.
(CHOP)

Sign:  /s/ Jason Nanchun Jiang
     -------------------------------
Name: Jason Nanchun Jiang
Position: Authorized Representative
Date: May 22, 2006

FOCUS MEDIA DIGITAL INFORMATION TECHNOLOGY (SHANGHAI) CO., LTD.
(CHOP)

Sign:  /s/ Jason Nanchun Jiang
      --------------------------------
Name: Jason Nanchun Jiang
Position: Authorized Representative
Date: May 22, 2006<PAGE>

                                                                   EXHIBIT 10.65

                                                           Call Option Agreement
                                             Target Media Acknowledgement Letter

                   ACKNOWLEDGEMENT LETTER FOR PARTICIPATION OF
                              CALL OPTION AGREEMENT

SHANGHAI FOCUS MEDIA ADVERTISEMENT CO., LTD. (registered address: Room 1003F,
No. 1027, Changning Road, Changning District, Shanghai), SHANGHAI FOCUS MEDIA
ADVERTISING AGENCY CO., LTD., (registered address: Room A65, 28 Floor, No.369,
Jiangsu Road, Changning District, Shanghai) (hereinafter the "PARTICIPATING
SHAREHOLDERS" collectively) and SHANGHAI TARGET MEDIA CO., LTD. (registered
address: Room 2, No. 85, Xinsixi Street, Zhelin Town, Fengxian District,
Shanghai) (hereinafter the "NEW TARGET COMPANY"), as independent party, hereby
agree to participate in the Call Option Agreement among Focus Media Technology
(Shanghai) Co., Ltd. (hereinafter "FOCUS MEDIA TECHNOLOGY"), Shanghai Focus
Media Advertisement Co., Ltd. and other relevant parties (hereinafter "CALL
OPTION AGREEMENT") dated March 28 2005. The Participating Shareholders hereby
grant Focus Media Technology with an irrevocable equity Call Option (hereinafter
"CALL Option") in respect to 90% and 10% of the equity share of New Target
Company held by them respectively (hereinafter "NEWLY INCREASE EQUITY SHARE").
Once this Acknowledgement Letter is executed by the Participating Shareholders
and the New Target Company, the New Target Company and the Newly Increase Equity
Share shall be the "Target Company" and "Option Equity" defined under the Call
Option Agreement; and the Participating Shareholders and the New Target Company
immediately make the same representations and warranties in respect to the New
Target Company and relevant equity Call Option under the Call Option Agreement
in respect to the defined Target Company and Call Option (which shall in
relation to the Participating Shareholders and New Target Company, and shall be
limited to those applicable to Participating Shareholders and New Target
Company) and undertake the same obligations therein (which shall in relation to
the Participating Shareholders and New Target Company, and shall be limited to
those applicable to Participating Shareholders and New Target Company).

<PAGE>

                                [EXECUTION PAGE]

SHANGHAI FOCUS MEDIA ADVERTISEMENT CO., LTD.
(CHOP)

Sign:  /s/ Jason Nanchun Jiang
      -----------------------------
Name: Jason Nanchun Jiang
Position: Authorized Representative
Date: May 22, 2006

SHANGHAI FOCUS MEDIA ADVERTISING AGENCY CO., LTD.
(CHOP)

Sign:  /s/ Jason Nanchun Jiang
      -----------------------------
Name: Jason Nanchun Jiang
Position: Authorized Representative
Date: May 22, 2006

SHANGHAI TARGET MEDIA CO., LTD.
(CHOP)

Sign:  /s/ Jason Nanchun Jiang
      -----------------------------
Name: Jason Nanchun Jiang
Position: Authorized Representative
Date: May 22, 2006

FOCUS MEDIA TECHNOLOGY (SHANGHAI) CO., LTD.
(CHOP)

Sign:  /s/ Jason Nanchun Jiang
      -----------------------------
Name: Jason Nanchun Jiang
Position: Authorized Representative
Date: May 22, 2006<PAGE>

                                                                   EXHIBIT 10.66

                                     Shareholders' Voting Rights Proxy Agreement
                                             Target Media Acknowledgement Letter

                   ACKNOWLEDGEMENT LETTER FOR PARTICIPATION OF
                   SHAREHOLDERS' VOTING RIGHTS PROXY AGREEMENT

SHANGHAI FOCUS MEDIA ADVERTISEMENT CO., LTD. (registered address: Room 1003F,
No. 1027, Changning Road, Changning District, Shanghai), SHANGHAI FOCUS MEDIA
ADVERTISING AGENCY CO., LTD., (registered address: Room A65, 28 Floor, No.369,
Jiangsu Road, Changning District, Shanghai) (hereinafter the "PARTICIPATING
SHAREHOLDERS" collectively), and SHANGHAI TARGET MEDIA CO., LTD. (registered
address: Room 2, No. 85, Xinsixi Street, Zhelin Town, Fengxian District,
Shanghai) (hereinafter the "PARTICIPATING TARGET COMPANY"), as independent
party, hereby agree to participate in the Shareholders' Voting Rights Proxy
Agreement among Focus Media Technology (Shanghai) Co., Ltd. (hereinafter "FOCUS
MEDIA TECHNOLOGY"), SHANGHAI FOCUS MEDIA ADVERTISEMENT CO., LTD. and other
relevant parties (hereinafter "PROXY AGREEMENT") dated March 28 2005.
Participating Shareholders and Participating Target Company agree to entrust the
Trustees designated by Focus Media Technology to exercise the voting rights in
Participating Target Company in respect of 100% of the equity interest in the
registered capital of Participating Target Company held by the Participating
Shareholder as of the date of the Acknowledgement Letter, on behalf of
Participating Shareholder.

Once this Acknowledgement Letter is executed by the Participating Shareholder
and Participated Target Company, Participating Shareholder and Participated
Target Company shall be deemed to have made the same undertakings and warranties
with those of the Shareholders and Target Companies under the Proxy Agreement
(to the extent that is related and applicable to Participating Shareholder and
Participated Target Company), agreed to respectively perform the obligations of
the Shareholders and Target Companies stipulated in the Proxy Agreement (to the
extent that is related and applicable to Participating Shareholder and
Participated Target Company), and acknowledged the rights and obligations of the
Parties under the Proxy Agreement.

<PAGE>

                                     Shareholders' Voting Rights Proxy Agreement
                                             Target Media Acknowledgement Letter

                                [EXECUTION PAGE]

SHANGHAI FOCUS MEDIA ADVERTISEMENT CO., LTD.
(CHOP)

Sign:   /s/ Jason Nanchun Jiang
      -----------------------------
Name: Jason Nanchun Jiang
Position: Authorized Representative
Date: May 22, 2006

SHANGHAI FOCUS MEDIA ADVERTISING AGENCY CO., LTD.
(CHOP)

Sign:   /s/ Jason Nanchun Jiang
      -----------------------------
Name: Jason Nanchun Jiang
Position: Authorized Representative
Date: May 22, 2006

SHANGHAI TARGET MEDIA CO., LTD.
(CHOP)

Sign:   /s/ Jason Nanchun Jiang
      -----------------------------
Name: Jason Nanchun Jiang
Position: Authorized Representative
Date: May 22, 2006

FOCUS MEDIA TECHNOLOGY (SHANGHAI) CO., LTD.
(CHOP)

Sign:  /s/ Jason Nanchun Jiang
     ------------------------------
Name: Jason Nanchun Jiang
Position: Authorized Representative
Date: May 22, 2006

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