Document:

EX-10.182

Exhibit 10.182

FOCUS MEDIA HOLDING LIMITED

2010 EMPLOYEE SHARE OPTION PLAN

     1. Purposes of the Plan.

          The purposes of this Employee Share Option Plan are to attract and retain the best available
personnel, to provide additional incentive to Employees, Directors and Consultants and to promote
the success of the Company’s business.

     2. Definitions.

          As used herein, the following definitions shall apply:

          2.1 “Administrator” means the Committee, or, if the Committee is temporarily not administering
the Plan, the Board or any other Committee appointed to administer the Plan.

          2.2 “Applicable Laws” means the legal requirements relating to the administration of share
incentive plans, if any, under applicable provisions of the U.S. federal securities laws, the U.S.
state corporate and securities laws, the Code, the rules of any applicable stock exchange or
national market system, and the laws and rules of any jurisdiction outside the U.S. applicable to
Options, SARs or Restricted Shares granted to residents therein.

          2.3 “Board” means the Board of Directors of the Company.

          2.4 “Code” means the U.S. Internal Revenue Code of 1986, as amended.

          2.5 “Committee” means initially the Compensation Committee and of the Company, and, to the
extent otherwise determined by the Board, any other committee appointed by the Board to administer
the Plan, provided that the Committee shall consist of not fewer than two (2) members of the Board,
and shall, following the Registration Date and, solely to the extent required to comply with
Applicable Laws, be composed of “non-employee” directors within the meaning of Rule 16b-3 as
promulgated under the Exchange Act and “outside directors” within the meaning of the Code. To the
extent the Plan is administered by the Board, the term “Committee” shall refer to the Board.

          2.6 “Company” means Focus Media Holding Limited, a company incorporated under the laws of the
Cayman Islands.

          2.7 “Consultant” means any person (other than an Employee or a Director) who is engaged by the
Company or any Related Entity to render consulting or advisory services to the Company or such
Related Entity or any other selective persons the Administrator determines provides, directly or
indirectly, bona fide value to the Company or any Related Entity. The term “Consultant” shall
include any company, trust, special purpose vehicle or other legal entity owned by such person.

 

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          2.8 “Continuous Service” means that the provision of services to the Company or a Related
Entity in any capacity of Employee, Director or Consultant, is not interrupted or terminated.
Continuous Service shall not be considered interrupted in the case of (i) any approved leave of
absence, (ii) transfers among the Company, any Related Entity, or any successor, in any capacity of
Employee, Director or Consultant, or (iii) any change in status as long as the individual remains
in the service of the Company or a Related Entity in any capacity of Employee, Director or
Consultant (except as otherwise provided in the Option Agreement). An approved leave of absence
shall include sick leave, maternity leave, or any other authorized personal leave. For purposes of
Incentive Share Options, no such leave may exceed ninety (90) days, unless re-employment upon
expiration of such leave is guaranteed by statute or contract.

          2.9 “Corporate Transaction” means any of the following transactions to which the Company is a
party:

               (i) a merger or consolidation or reorganization in which the Company is not the surviving
entity; or

               (ii) the sale, transfer or other disposition of all or substantially all of the assets of the
Company (including the share capital of the Company’s Subsidiaries).

          2.10 “Director” means a member of the Board or the board of directors of any Related Entity.

          2.11 “Disability” means that an Optionee is permanently unable to carry out the
responsibilities and functions of the position held by the Optionee by reason of any medically
determinable physical or mental impairment as determined by the Administrator. An Optionee will
not be considered to have incurred a Disability unless he or she furnishes proof of such impairment
sufficient to satisfy the Administrator in its discretion.

          2.12 “Effective Date” means the date on which a Grant of Options and/or SARs and/or Restricted
Shares shall take effect in accordance with the Option Agreement.

          2.13 “Employee” means any person, including an Officer or Director, who is an employee of the
Company or any Related Entity. The term “Employee” shall include any company, trust, special
purpose vehicle or other legal entity owned by such employee. The payment of an independent
director’s fee by the Company or a Related Entity shall not be sufficient to constitute
“employment” of such person by the Company.

          2.14 “Exchange Act” means the U.S. Securities Exchange Act of 1934, as amended.

          2.15 “Fair Market Value” means, as of any date, the value of Ordinary Shares as follows:

               (a) Where there exists a public market for the Ordinary Shares, the Fair Market Value shall be
(i) the closing price for a Share for the last market trading day prior to the time of the
determination (or, if no closing price was reported on that date, on the last trading date on which
a closing price was reported) on the stock exchange determined by the

 

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Administrator to be the primary market for the Ordinary Shares or the Nasdaq National Market,
whichever is applicable, or (ii) if the Ordinary Shares are not traded on any such exchange or
national market system, the average of the closing bid and asked prices of a Share on the Nasdaq
Small Cap Market for the day prior to the time of the determination (or, if no such prices were
reported on that date, on the last date on which such prices were reported), in each case, as
reported on Bloomberg or such other source as the Administrator deems reliable; or

               (b) In the absence of an established market for the Ordinary Shares of the type described in
(a), above, the Fair Market Value thereof shall be determined by the Administrator in good faith by
reference to (i) the valuation price made by an independent appraiser appointed by the
Administrator; (ii) the placing price of the latest private placement of the Shares and (iii) the
development of the Company’s business operations since such latest private placement.

          2.16 “Grant” means the number of Options and/or SARs and/or Restricted Shares and/or
Restricted Share Units granted to an Optionee at any time in accordance with Section 6 hereof.

          2.17 “Immediate Family” means any child, stepchild, grandchild, parent, stepparent,
grandparent, spouse, former spouse, sibling, niece, nephew, mother-in-law, father-in-law,
son-in-law, daughter-in-law, brother-in-law, or sister-in-law, including adoptive relationships,
any person sharing the Optionee’s household (other than a tenant or employee), a trust in which
these persons (or the Optionee) have more than fifty percent (50%) of the beneficial interest, a
foundation in which these persons (or the Optionee) control the management of assets, and any other
entity in which these persons (or the Optionee) own more than fifty percent (50%) of the voting
interests.

          2.18 “Incentive Share Option” means an Option intended to qualify as an incentive share option
within the meaning of Section 422 of the Code.

          2.19 “Liquidation Event” means a complete dissolution or liquidation of the Company.

          2.20 “Non-Statutory Share Option” means an Option not intended to qualify as an Incentive
Share Option within the meaning of Section 422 of the Code.

          2.21 “Officer” means a person who is an officer of the Company or a Related Entity within the
meaning of Section 16 of the Exchange Act and the rules and regulations promulgated thereunder or,
to the extent applicable, other Applicable Laws.

          2.22 “Old Plans” means the Employee Share Option Schemes of the Company adopted in 2003, 2005,
2006 and 2007.

          2.23 “Option” means an option to purchase Shares pursuant to an Option Agreement granted under
the Plan, as amended.

 

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          2.24 “Optionee” means an Employee, Director or Consultant (including any company, trust,
special purpose vehicle or other legal entity owned by such Employee, Director or Consultant) who
receives a Grant under the Plan.

          2.25 “Option Agreement” means the written agreement evidencing the grant of an option and/or
SARs and/or Restricted Shares executed by the Company and the Optionee, including any amendments
thereto.

          2.26 “Option Period” means the period commencing on the Effective Date of a Grant and ending
no later than on the day prior to the tenth anniversary of such Effective Date.

          2.27 “Ordinary Share” means a share of US$0.00005 nominal or par value, of the Company, or, if
applicable, the number or fraction of American Depositary Receipt representing an Ordinary Share.

          2.28 “Parent” means a “parent corporation”, whether now or hereafter existing, as defined in
Section 424(e) of the Code or, to the extent applicable, other Applicable Laws.

          2.29 “Plan” means this 2010 Employee Share Option Plan of Focus Media Holding Limited, as
Amended and Restated as set forth herein and as may be amended from time to time.

          2.30 “Registration Date” means the first to occur of (a) the closing of the first sale to the
general public of (i) the Ordinary Shares or (ii) the same class of securities of a successor
corporation (or its Parent) issued pursuant to a Corporate Transaction in exchange for or in
substitution of the Ordinary Shares, pursuant to a registration statement filed with and declared
effective by the Securities and Exchange Commission under the Securities Act or an equivalent
thereof in a jurisdiction outside the U.S.; and (b) in the event of a Corporate Transaction, the
date of the consummation of the Corporate Transaction if the same class of securities of the
successor corporation (or its Parent) issuable in such Corporate Transaction shall have been sold
to the general public pursuant to a registration statement filed with and declared effective by the
Securities and Exchange Commission under the Securities Act or an equivalent thereof in a
jurisdiction outside the U.S., on or prior to the date of consummation of such Corporate
Transaction.

          2.31 “Related Entity” means any Parent, Subsidiary and any other corporation, partnership,
limited liability company or other business entity in which the Company, its Parent or a Subsidiary
holds a substantial ownership interest, directly or indirectly.

          2.32 “Securities Act” means the U.S. Securities Act of 1933, as amended.

          2.33 “SAR” means a stock appreciation right entitling the Grantee to Shares or cash
compensation, as established by the Administrator, measured by appreciation in the value of
Ordinary Shares.

          2.34 “Shares” mean Ordinary Shares of the Company.

 

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          2.35 “Subsidiary” means a “subsidiary corporation”, whether now or hereafter existing, as
defined in Section 424(f) of the Code or, to the extent applicable, other Applicable Laws.

     3. Shares
Subject to the Plan.

          3.1 Subject to the provisions of Section 10.1 and any amendment of this Plan by the Board or
the Committee pursuant to Section 12 below, in the three years following the date of enactment of
this Plan, Grants of Options (including Incentive Stock Options) issued under this Plan shall not
exceed in the aggregate five percent (5%) of the issued share capital of the Company, outstanding
from time to time. In addition, the maximum aggregate number of Shares which may be issued pursuant
to all Grants (including Incentive Stock Options) shall be increased by any Shares that are
represented by awards under the Company’s Old Plans that are forfeited, expire or are cancelled
without delivery of the Shares or which result in forfeiture of the Shares back to the Company on
or after the adoption of this Plan. The Shares to be issued pursuant to Grants must be authorized,
but unissued.

          3.2 Any Shares covered by a Grant (or portion of a Grant) which is forfeited or cancelled,
expires or is settled in cash or otherwise, shall be deemed not to have been issued for purposes of
determining the maximum aggregate number of Shares which may be issued under the Plan. If any
unissued Shares are retained by the Company upon exercise of a Grant in order to satisfy the
exercise price for such Grant or any withholding taxes due with respect to such Grant, such
retained Shares subject to such Grant shall become available for future issuance under the Plan
(unless the Plan has terminated). Shares that actually have been issued under the Plan pursuant to
a Grant shall not be returned to the Plan and shall not become available for future issuance under
the Plan.

     4. Administration
of the Plan.

          4.1 Plan Administrator. The Committee shall administer the Plan in accordance with its terms.

          4.2 Powers of the Administrator. Subject to Applicable Laws and the provisions of the Plan
(including any other powers given to the Administrator hereunder), and except as otherwise provided
by the Board, the Administrator shall have the authority, in its discretion:

               (a) to determine the eligibility of Grants, the classes of bands and the range of number of
Shares covered in each Band, to authorize and determine the number of shares of each Grant;

               (b) to approve forms of Option Agreements for use under the Plan;

               (c) to determine to grant Options with or without SARs;

               (d) to determine that the Options granted shall be either Incentive Share Options or
Non-Statutory Share Options or a combination thereof;

 

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               (e) to determine the exercise price applicable to the Share covered by each Option and to
re-determine the exercise price from time to time;

               (f) to determine the Option Period applicable thereto;

               (g) to cancel, exchange or reprice previously issued Grants;

               (h) to establish additional terms, conditions, rules or procedures to accommodate the rules or
laws of applicable foreign jurisdictions and to afford Optionees favourable treatment under such
rules or laws; provided, however, that no Grant shall be granted under any such
additional terms, conditions, rules or procedures with terms or conditions which are inconsistent
with the provisions of the Plan;

               (i) to amend the terms of any outstanding Grant granted under the Plan;

               (j) to construe and interpret the terms of the Plan and Grants, including without limitation,
any notice of Grant or Option Agreement, granted pursuant to the Plan; and

               (k) to take such other action, not inconsistent with the terms of the Plan, as the
Administrator deems appropriate.

     5. Eligibility.

          Incentive Share Options may be granted only to Employees of the Company, a Parent or a
Subsidiary. Grants other than Incentive Share Options may be granted to Employees, Directors and
Consultants. An Employee, Director or Consultant who has been granted a Grant may, if otherwise
eligible, be granted additional Grants. Grants may be granted to such Employees, Directors or
Consultants who are residing in foreign jurisdictions as the Administrator may determine from time
to time.

     6. Type
of Grants; Terms and Conditions of Grants.

          Grants under the Plan may consist of one or more of the following: Options, SARs, or
Restricted Shares (which may be granted as Restricted Share units). Awards of Restricted Shares
may provide the Optionee with dividends or dividend equivalents and voting rights prior to vesting.
Each Grant shall be designated in the Option Agreement.

          6.1
Options.

               (a) Option Designation. In the case of an Option, the Option shall be designated as
either an Incentive Share Option or a Non-Statutory Share Option. However, notwithstanding such
designation, to the extent that the aggregate Fair Market Value of Shares subject to Options
designated as Incentive Share Options which become exercisable for the first time by an Optionee
during any calendar year (under all plans of the Company or any of its Parent or Subsidiary)
exceeds US$100,000, such excess Options, to the extent of the Shares covered thereby in excess of
the foregoing limitation, shall be treated as Non-Statutory Share

 

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Options. For this purpose, Incentive Share Options shall be taken into account in the order in
which they were granted, and the Fair Market Value of the Shares shall be determined as of the
grant date of the relevant Option.

               (b) Option Exercise Price. The exercise price of an Option shall be the Fair Market
Value per Share on the date of grant.

               (c) Consideration. In addition to any other types of consideration the Administrator
may determine, the Administrator is authorized to accept as consideration for Shares issued under
the Plan the following: (i) cash or check in U.S. dollars (in connection therewith the
Administrator may require the Optionee to provide evidence that the funds were taken out of any
relevant non-U.S. jurisdiction in accordance with applicable foreign exchange control laws and
regulations); (ii) cancellation of indebtedness owed by the Company to the Optionee; (iii)
promissory note; (iv) Shares previously acquired by the Optionee valued at the Fair Market Value at
the time of the exercise; (v) withholding from delivery to the Optionee that number of whole Shares
having a Fair Market Value at the time of the exercise equal to the exercise price payable to the
Company upon exercise of the Option; or (vi) any combination of the foregoing methods of payment.

               (d) Easy-Sale Exercise.

               (i) Exercise/Sale. An Option Agreement may, but need not, provide that, if Shares are
publicly traded, all or part of the exercise price of an Option and any withholding taxes may be
paid by the delivery (on a form prescribed by the Company) of an irrevocable direction to a
securities broker approved by the Company to sell Shares and to deliver all or part of the sales
proceeds to the Company.

               (ii) Exercise/Pledge. An Option Agreement may, but need not, provide that, if Shares
are publicly traded, all or part of the exercise price of an Option and any withholding taxes may
be paid by the delivery (on a form prescribed by the Company) of an irrevocable direction to pledge
Shares to a securities broker or lender approved by the Company, as security for a loan, and to
deliver all or part of the loan proceeds to the Company.

          6.2 SARs.

               (a) Grant. SARs may be granted in tandem with an Option, in addition to an Option, or
may be freestanding and unrelated to an Option. SARs granted in tandem or in addition to an Option
may be granted either at the same time as the Option or at a later time. SARs shall vest and
become exercisable at a rate determined by the Administrator, and shall remain exercisable for such
period as specified by the Administrator. A SAR shall entitle the Optionee to receive from the
Company an amount equal to the excess of the Fair Market Value of a Share on the exercise of the
SAR over the Fair Market Value of a Share on the date of grant or, in the case of an SAR granted in
tandem with an Option, the per Share exercise price applicable to such Option.

               (b) Settlement. The Administrator shall determine in its sole discretion whether the
SAR shall be settled in cash, Shares or a combination of cash and Shares.

 

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In no event may any Optionee receive grants of SARs with respect to more than five percent (5%) of
the issued share capital of the Company in any calendar year.

          6.3 Restricted Shares.

               (a) Grant. Restricted Shares may be granted in the form of Shares or share units
having a value equal to an identical number of Shares. The employment conditions and the length of
the period for vesting of Restricted Shares shall be established by the Administrator at the time
of grant. In the event that a share certificate is issued in respect of Restricted Shares, such
certificate shall be registered in the name of the Optionee but shall be held by the Company until
the end of the restricted period. During the restricted period, Restricted Shares may not be sold,
assigned, transferred or otherwise disposed of, or pledged or hypothecated as collateral for a loan
or as security for the performance of any obligation or for any other purpose as the Administrator
shall determine.

               (b) Settlement. The Administrator shall determine in its sole discretion whether
Restricted Shares granted in the form of share units shall be paid in cash, Shares, or a
combination of cash and Shares.

          6.4 Conditions of Grant; Vesting and Repurchase Right. Subject to the terms of the Plan, the
Administrator shall determine the provisions, terms, and conditions of each Grant including, but
not limited to, the Grant vesting schedule, repurchase provisions, rights of first refusal,
forfeiture provisions, form of payment (cash, Shares, or other consideration) upon settlement of
the Grant, payment contingencies, and satisfaction of any performance criteria, provided,
however, unless specifically provided otherwise in the relevant Option Agreement, a total
of one-third (1/3rd) of the Grant shall vest at the 1st anniversary following
the issuance of such Grant and, subsequently, a total of one-third (1/3rd) of the Grant
shall vest at the end of anniversary of the 2nd and 3rd years for so long as
the Optionee provides Continuous Service to the Company, such that the entire Grant shall be fully
vested three (3) years from the date of the Grant.

          6.5 Acquisitions and Other Transactions. The Administrator may issue Grants under the Plan in
settlement, assumption or substitution for, outstanding Grants or obligations to grant future
Grants in connection with the Company or a Related Entity acquiring another entity, an interest in
another entity or an additional interest in a Related Entity whether by merger, share purchase,
asset purchase or other form of transaction.

          6.6 Deferral of Grant Payment. The Administrator may establish one or more programs under the
Plan to permit selected Optionees the opportunity to elect to defer receipt of consideration upon
exercise of a Grant, satisfaction of performance criteria, or other event that absent the election
would entitle the Optionee to payment or receipt of Shares or other consideration under a Grant.
The Administrator may establish the election procedures, the timing of such elections, the
mechanisms for payments of, and accrual of interest or other earnings, if any, on amounts, Shares
or other consideration so deferred, and such other terms, conditions, rules and procedures that the
Administrator deems advisable for the administration of any such deferral program.

 

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          6.7 Award Exchange Programs. The Administrator may establish one or more programs under the
Plan to permit selected Optionees to exchange a Grant (including through the cancellation of
previously issued Grants) under the Plan for one or more other types of Grants under the Plan on
such terms and conditions as determined by the Administrator from time to time.

          6.8 Separate Programs. The Administrator may establish one or more separate programs under
the Plan for the purpose of issuing particular forms of Grants to one or more classes of Optionees
on such terms and conditions as determined by the Administrator from time to time.

          6.9 Early Exercise. The Option Agreement may, but need not, include a provision whereby the
Optionee may elect, at any time while being an Employee, Director or Consultant, to exercise any
part or all of the Grant prior to full vesting of the Grant. Any unvested Shares received pursuant
to such exercise may be subject to a repurchase right in favor of the Company or a Related Entity
or to any other restriction the Administrator determines to be appropriate.

          6.10 Option Period. The Option Period shall be the term stated in the Option Agreement up to
ten (10) years from the Effective Date of Grant thereof or such shorter term as may be provided in
the Option Agreement.

          6.11 Transferability of Grants. No Grant may be sold, pledged, assigned, hypothecated,
transferred, or disposed of in any manner other than by will or by the laws of descent or
distribution and may be exercised, during the lifetime of the Optionee, only by the Optionee;
provided, however, during the lifetime of the Optionee, SARs may be transferred by
gift to members of the Optionee’s Immediate Family to the extent and manner determined by the
Administrator.

          6.12 Time of Grants. The date of grant of a Grant shall for all purposes be the date on which
the Administrator makes the determination to grant such Grant, or such other date as is determined
by the Administrator. Notice of the grant determination shall be given to each Employee, Director
or Consultant to whom a Grant is so granted within a reasonable time after the date of such grant.
Unless otherwise determined by the Administrator, Grants will be made twice a year.

          6.13 Buyout Provisions. The Administrator may at any time offer to buy out for a payment in
cash or Shares or other consideration, any Grant previously granted based on such terms and
conditions as the Administrator shall establish and communicate to the Optionee at the time such
offer is made.

     7. Withholding.

          The Company shall have the right to deduct from any payment to be made pursuant to the Plan
the amount of any taxes required by law to be withheld therefrom, or to require an Optionee to pay
to the Company such amount required to be withheld prior to the issuance or delivery of any Shares
or the payment of cash under the Plan. The Administrator may, in its discretion, permit an
Optionee to elect to satisfy such withholding obligation by

 

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having the Company retain the number of Shares whose Fair Market Value equals the amount required
to be withheld. Any fraction of a Share required to satisfy such obligation shall be disregarded
and the amount due shall instead be paid in cash by the Optionee.

     8. Exercise
of Grant.

          8.1 Procedure for Exercise; Rights as a Shareholder.

               (a) Any Grant granted hereunder shall be exercisable at such times and under such conditions
as determined by the Administrator under the terms of the Plan and specified in the Option
Agreement provided always that any calculation of any period for vesting as aforesaid shall (i) be
suspended during any period beginning when the Optionee ceases Continuous Service until such
Optionee resumes Continuous Service, (ii) be suspended during the period of suspension referred to
in Section 8.2 below, and (iii) cease upon death of the Optionee and upon the lapse of the Option
for whatsoever reason and in such event of such cessation any vesting which has not taken place
shall automatically cease and lapse, and provided further that the Company shall not be liable in
any way nor shall the Optionee at any time have any rights (whatsoever) against the Company in
relation to such suspension, cessation of and/or lapse of vesting as aforesaid.

               (b) A Grant shall be deemed to be exercised when written notice of such exercise has been
given to the Company, as in a form required under the applicable Option Agreement, in accordance
with the terms of the Grant by the person entitled to exercise the Grant and full payment for the
Shares is made with respect to which the Grant is exercised. Until the issuance (as evidenced by
the appropriate entry on the books of the Company or of a duly authorized transfer agent of the
Company) of the share certificate evidencing such Shares, no right to vote or receive dividends or
any other rights as a shareholder shall exist with respect to Shares subject to a Grant,
notwithstanding the exercise of an Option or other Grant. The Company shall issue (or cause to be
issued) such share certificate as soon as practicable following the exercise of the Grant. No
adjustment will be made for a dividend or other right for which the record date is prior to the
date the share certificate is issued, except as provided in the Option Agreement or Section 10,
below.

          8.2 Misconduct. If an Optionee is found guilty of serious misconduct or has been convicted of
any criminal offence involving his integrity or honesty, any Option of his then subsisting shall
automatically lapse and become of no further effect on the date such verdict is given by the
relevant court of law, body or authority, and if any investigation is being carried out on the
Optionee in respect of any of the matters referred to above or if his office or duties as an
Employee or Consultant is/are suspended in connection therewith, then his right to exercise the
Option shall automatically be suspended for such period as the Board may in its discretion
determine.

          8.3 Death or Disability of Optionee.

               (a) If an Optionee’s Continuous Service is terminated due to death or Disability more than
three (3) months after such Optionee commenced service for the Company, the portion of the Grant
that would have vested at the 1st anniversary of such Optionee’s

 

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Continuous Service shall automatically vest and be exercisable in accordance with and subject to
paragraph (c) below.

               (b) If an Optionee’s Continuous Service is terminated due to death or Disability any time
following any anniversary of such Optionee’s Continous Service, the portion of the Grant that would
have vested between such anniversary and the subsequent anniversary (and which have not already
vested) of such Optionee’s Continuous Service shall automatically vest and be exercisable in
accordance with and subject to paragraph (c) below.

               (c) If an Optionee’s Continuous Service is terminated due to death or Disability, the Option
or SAR may be exercised at any time within twelve (12) months following the date of death or
termination of employment due to Disability, in the case of death, by the Optionee’s estate or by a
person who acquired the right to exercise the Option or SAR by bequest or inheritance, or, in the
case of Disability, by the Optionee, but in any case (i) only to the extent the Optionee was
entitled to exercise the Option or SAR at the date of his or her termination of Continuous Service
by death or Disability or (ii) to such further extent as set forth in paragraphs (a) and (b) above;
provided, however, that no Option or SAR shall be exercisable after the expiration
of the term set forth in the Option Agreement. To the extent that such Optionee was not entitled
to exercise such Option or SAR at the date of his or her termination of employment by death or
Disability as augmented by the provisions of paragraphs (a) and (b) above or if such Option or SAR
is not exercised (to the extent it could be exercised) within the time specified herein, the Option
or SAR shall terminate.

          8.4 Extension of Time to Exercise. Notwithstanding anything to the contrary in this Section
8, the Administrator may at any time and from time to time prior to the termination of a
Non-Statutory Share Option, with the consent of the Optionee, extend the period of time during
which the Optionee may exercise his or her Non-Statutory Share Option following the date the
Optionee’s ceases Continuous Services; provided, however, that (a) the maximum
period of time during which a Non-Statutory Share Option shall be exercisable following such
termination date shall not exceed an aggregate of six (6) months, (b) the Non-Statutory Share
Option shall not become exercisable after the expiration of the term of such Option as set forth in
the Option Agreement as a result of such extension, and (c) notwithstanding any extension of time
during which the Non-Statutory Share Option may be exercised, such Option, unless otherwise amended
by the Administrator, shall only be exercisable to the extent to which the Optionee was entitled to
exercise it on the date the Optionee ceased Continuous Services. To the extent that such Optionee
was not entitled to exercise the Option at the date of such termination, or if such Optionee does
not exercise an Option which the Optionee was entitled to exercise within the time specified
herein, the Option shall terminate.

          8.5 No compensation. Upon the lapse of an Option for whatsoever reason, under no circumstances
whatsoever shall an Optionee or any person whomsoever be entitled to any compensation for or in
respect of any consequential diminution or extinction of any rights or benefits (actual or
prospective) under and/or in relation to such Option subsisting prior to such lapse or otherwise in
anyway in connection with the Plan or such Option, including without limitation, where such lapse
is by reason of termination of the Optionee’s office or employment by the Company or any Subsidiary
which is a breach of the contract of employment or otherwise,

 

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and/or whether the Optionee has any rights against the Company or any Subsidiary for and/or in
relation to such termination.

     9. Conditions
Upon Issuance of Shares.

          9.1 No Violation of Law. Shares shall not be issued pursuant to a Grant or the exercise of a
Grant unless the exercise of such Grant and the issuance and delivery of such Shares pursuant
thereto shall comply with all Applicable Laws, and the Administrator may further subject any
issuance of Shares to the approval of counsel for the Company with respect to such compliance.

          9.2 Execution of Documents. As a condition to the exercise of a Grant, the Administrator may
require the person exercising such Grant to execute an investment representation statement
acceptable to the Company or a share purchase agreement acceptable to the Company, each in forms
approved by the Administrator from time to time, in addition to any other instrument the
Administrator deems necessary or advisable.

     10. Adjustments
Upon Changes in Capitalization or Corporate Transaction.

          10.1 Adjustments upon Changes in Capitalization. Subject to any required action by the
shareholders of the Company, the number of Shares covered by each outstanding Grant, and the number
of Shares which have been authorized for issuance under the Plan but as to which no Grants have yet
been granted or which have been returned to the Plan, the exercise or purchase price of each such
outstanding Grant, as well as any other terms that the Administrator determines require adjustment
shall be proportionately adjusted for (a) any increase or decrease in the number of issued Shares
resulting from a share split, reverse share split, share dividend, combination or reclassification
of the Shares, or similar transaction affecting the Shares, (b) any other increase or decrease in
the number of issued Shares effected without receipt of consideration by the Company, or (c) as the
Administrator may determine in its discretion, any other transaction with respect to Shares to
which Section 424(a) of the Code applies or a similar transaction; provided,
however, that conversion of any convertible securities of the Company shall not be deemed
to have been “effected without receipt of consideration.” Such adjustment shall be made by the
Administrator and its determination shall be final, binding and conclusive. Except as the
Administrator determines, no issuance by the Company of shares of any class, or securities
convertible into shares of any class, shall affect, and no adjustment by reason hereof shall be
made with respect to, the number or price of Shares subject to a Grant.

          10.2 Corporate Transaction. In the event of a proposed Corporate Transaction, subject to the
actual consummation of the proposed transaction, each outstanding Grant shall automatically become
fully vested and exercisable, unless the Grant is assumed or substituted with an equivalent option
or right by the successor corporation or the Parent or Subsidiary thereof. If the successor
corporation refuses to assume or substitute for the Grant, the Administrator shall notify the
Optionee that the Grant shall be fully vested and exercisable with respect to all of the Shares
underlying the Grant (including Shares as to which it would not otherwise be vested or exercisable)
for a period of fifteen (15) days from the date of such notice. If the Grant thus becomes fully
vested and exercisable but is not exercised during this fifteen (15) day period, it shall terminate
immediately prior to the effective time of such Corporate

 

13

Transaction. For the purposes of this Section 10.2, the Grant shall be considered assumed or
substituted with an equivalent option or right if, in connection with the Corporate Transaction,
the Grant is replaced with a comparable option or right with respect to shares of the successor
corporation or Parent or Subsidiary thereof or is replaced with a cash incentive program of the
successor corporation or Parent or Subsidiary thereof which preserves the compensation element of
such Grant existing at the time of the Corporate Transaction and provides for subsequent payout in
accordance with the same vesting schedule applicable to such Grant. The determination of Grant
comparability above shall be made by the Administrator and its determination shall be final,
binding and conclusive.

          10.3 Liquidation Event. In the event of a proposed Liquidation Event, the Administrator shall
notify each Optionee of the proposed event at least twenty (20) days prior to the proposed
effective date of the Liquidation Event. The Administrator in its discretion may provide for an
Optionee to have the right to exercise his or her Grant until ten (10) days prior to the proposed
effective date for the Liquidation Event with respect to all Shares underlying the Grant (including
Shares as to which it would not otherwise be vested or exercisable), subject to the actual
completion of the Liquidation Event at the time and in the manner contemplated. In addition, the
Administrator may provide that any Company repurchase option applicable to any Shares issued upon
grant or an exercise of a Grant shall lapse as to all Shares, subject to the actual completion of
the Liquidation Event at the time and in the manner contemplated. Any unexercised Grant shall
terminate immediately prior to effective time of the Liquidation Event.

     11. Effective
Date and Term of Plan.

          The Plan, and any amendments to the Plan, shall become effective upon its adoption by the
Board. It shall continue in effect until the end of 2012 unless sooner terminated. Subject to
Applicable Laws, Grants may be granted under the Plan upon its becoming effective.

          Upon the effectiveness of this Plan, no additional grants of Options shall be made under the
Old Plans. Options previously issued and outstanding pursuant to the Old Plans shall continue to
be governed under the rules of the Old Plans.

     12. Amendment,
Suspension or Termination of the Plan.

          The Board may at any time amend, suspend or terminate the Plan. No Grant may be granted
during any suspension of the Plan or after termination of the Plan. Any amendment, suspension or
termination of the Plan (including termination of the Plan pursuant to this Section 12) shall not
affect Grants already granted, and such Grants shall remain in full force and effect as if the Plan
had not been amended, suspended or terminated, unless mutually agreed otherwise between the
Optionee and the Administrator, which agreement must be in writing and signed by the Optionee and
the Company.

     13. Availability
of Shares; No Issuance in Violation of Law.

          13.1 Availability of Shares. The Company, during the term of the Plan, will at all times keep
available such number of unissued Shares as shall be sufficient to satisfy the requirements of the
Plan.

 

14

          13.2 No Issuance in Violation of Law. The inability of the Company to obtain authority from
any regulatory body having jurisdiction under Applicable Law, which authority is deemed by the
Company’s counsel to be necessary to the lawful issuance and sale of any Shares hereunder, shall
relieve the Company of any liability in respect of the failure to issue or sell such Shares as to
which such requisite authority shall not have been obtained.

     14. No
Effect on Terms of Employment/Consulting Relationship.

          The Plan shall not confer upon any Optionee any right with respect to the Optionee’s
Continuous Service, nor shall it interfere in any way with his or her right or the Company’s or a
Related Entity’s right to terminate the Optionee’s Continuous Service at any time, with or without
cause.

     15. No
Effect on Retirement and Other Benefit Plans.

          Except as specifically required by law or provided in a retirement or other benefit plan of
the Company or a Related Entity, Grants shall not be deemed compensation for purposes of computing
benefits or contributions under any retirement plan of the Company or a Related Entity, and shall
not affect any benefits under any other benefit plan of any kind or any benefit plan subsequently
instituted under which the availability or amount of benefits is related to level of compensation.
The Plan is not a “Retirement Plan” or “Welfare Plan” under the U.S. Employee Retirement Income
Security Act of 1974, as amended.

     16. Liability
of the Company; Consents.

          16.1 Qualification as Incentive Share Option. Neither the Company nor any Related Entity
shall be liable to any Optionee or to any other person if it is determined that an Option intended
to be an Incentive Share Option granted hereunder does not qualify as incentive share options
within the meaning of Section 422 or the Code.

          16.2 Consents. Optionee shall be responsible for obtaining any governmental or other official
consent that may be required by any country or jurisdiction in order to permit the grant or
exercise of any Grant. Neither the Company nor any Related Entity shall be responsible for any
failure by an Optionee to obtain such consent or for any tax or other liability to which an
Optionee may become subject to as a result of his or her participation in the Plan.EX-10.183

Exhibit 10.183

EXECUTION VERSION

 

SUBSCRIPTION AGREEMENT

between

FOCUS MEDIA HOLDING LIMITED

and

JJ MEDIA INVESTMENT HOLDING LTD.

Dated as of September 23, 2009

 

 

TABLE
OF CONTENTS

	 	 	 	 	 
	 	 	 
	 	Page
	 	 	 
	 	 
	ARTICLE I
ISSUANCE AND SUBSCRIPTION
	 	 	 	1
	 
	 	 	 	 
	Section 1.1          Issuance and Subscription
	 	 	 	1
	Section 1.2          Closing
	 	 	 	1
	 
	 	 	 	 
	ARTICLE II
REPRESENTATIONS AND WARRANTIES OF THE COMPANY
	 	 	 	1
	 
	 	 	 	 
	ARTICLE III
REPRESENTATIONS AND WARRANTIES OF THE INVESTOR
	 	 	 	2
	 
	 	 	 	 
	Section 3.1           Organization; Power
	 	 	 	2
	Section 3.2           Authorization; Enforceability
	 	 	 	2
	Section 3.3           Consents; No Conflicts
	 	 	 	2
	Section 3.4           Investment Representations
	 	 	 	2
	Section 3.5           No Reliance
	 	 	 	3
	 
	 	 	 	 
	ARTICLE IV
AGREEMENTS
	 	 	 	3
	 
	 	 	 	 
	Section 4.1           Limitations on Transfer
	 	 	 	3
	Section 4.2           Further Assurances
	 	 	 	4
	Section 4.3           Board Representation
	 	 	 	4
	 
	 	 	 	 
	ARTICLE V
CONDITIONS PRECEDENT
	 	 	 	5
	 
	 	 	 	 
	Section 5.1           Conditions Precedent to the Obligations of the Parties
	 	 	 	5
	 
	 	 	 	 
	ARTICLE VI
SURVIVAL OF REPRESENTATIONS; INDEMNIFICATION
	 	 	 	5
	 
	 	 	 	 
	Section 6.1           Survival of Representations and Warranties
	 	 	 	5
	Section 6.2           Indemnification
	 	 	 	5
	 
	 	 	 	 
	ARTICLE VII
MISCELLANEOUS
	 	 	 	5
	 
	 	 	 	 
	Section 7.1          Restrictive Legends
	 	 	 	5
	Section 7.2           Governing Law; Consent to Jurisdiction; Related Matters
	 	 	 	6
	Section 7.3           Successors and Assigns; Assignment
	 	 	 	6
	Section 7.4           Entire Agreement; Supersedes Prior Agreement
	 	 	 	6
	Section 7.5           Severability
	 	 	 	7
	Section 7.6           Amendment and Waiver
	 	 	 	7
	Section 7.7           Enforcement
	 	 	 	7
	Section 7.8           Delays or Omissions
	 	 	 	7

i

 

	 	 	 	 	 
	 	 	 
	 	Page
	 	 	 
	 	 
	Section 7.9             Notices
	 	 	 	7
	Section 7.10           Expenses
	 	 	 	8
	Section 7.11           Titles and Subtitles
	 	 	 	8
	Section 7.12           Termination
	 	 	 	8
	Section 7.13           Public Announcements
	 	 	 	8
	Section 7.14           Counterparts; Execution by Facsimile Signature
	 	 	 	8

ii

 

SUBSCRIPTION AGREEMENT

          This SUBSCRIPTION AGREEMENT (this “Agreement”) is entered into as of September 23,
2009, between Focus Media Holding Limited, a Cayman Islands company (the “Company”), and JJ
Media Investment Holding Ltd., a British Virgin Islands company (the “Investor”).

BACKGROUND

          The Investor desires to subscribe for and purchase, and the Company desires to issue and sell,
an aggregate of 75,000,000 new ordinary shares of par value US$0.00005 per share of the Company
(“Shares”), on the following terms and conditions:

ARTICLE
I

ISSUANCE AND SUBSCRIPTION

          SECTION 1.1 Issuance and Subscription. Subject to the terms and conditions hereof,
the Company agrees to issue to the Investor, and the Investor agrees to subscribe for 75,000,000
Shares at a subscription price of US$1.899 per share (representing the average closing sale price
of the Shares during the twenty consecutive trading day period immediately preceding the date
hereof) for an aggregate amount of US$142,425,000 (the “Subscription Sum”). The Shares
issued by the Company and subscribed for by the Investor pursuant to this Agreement are referred to
as the “Subscription Shares”.

          SECTION 1.2 Closing. Subject to the terms and conditions of this Agreement, the
issuance and subscription of the Subscription Shares shall take place at a closing (the
“Closing”) on October 30, 2009, or on such other date as the Company and the Investor may
mutually agree upon in writing (the “Closing Date”). At the Closing:

     (a) The Investor shall pay to the Company the Subscription Sum by wire transfer of
immediately available funds in U.S. dollars to the account designated by the Company on Schedule
1.2 hereto;

     (b) The Company shall deliver to the Investor one or more certificates representing the duly
authorized and validly issued Subscription Shares, registered in the name of the Investor; and

     (c) The Company shall cause its register of members to be updated to reflect the
Subscription Shares purchased by the Investors.

ARTICLE
II

REPRESENTATIONS AND WARRANTIES OF THE COMPANY

          The Company hereby represents and warrants to the Investor that (i) the Company has all
necessary corporate power and authority to enter into this Agreement and to consummate the
transactions contemplated hereby, (ii) this Agreement has been duly authorized, executed and
delivered by the Company and, assuming due authorization, execution and delivery by the

1

 

Investor,
constitutes a valid and binding obligation of the Company, enforceable against the Company in
accordance with its terms, except as such enforceability may be limited by (A) bankruptcy,
insolvency, fraudulent conveyance, reorganization, moratorium or other similar laws relating to or
affecting creditors’ rights generally and by general principles of equity and (B) the applicability
of the federal and state securities laws and public policy as to the enforceability of the
indemnification provisions of this Agreement and (iii) the Subscription Shares have been duly
authorized and, when so issued and paid for in accordance with this Agreement, will have been
validly issued, fully paid and non-assessable and will not be subject to any preemptive or similar
rights, restriction on voting rights or other liens, in each case other than as expressly set forth
in this Agreement.

ARTICLE
III

REPRESENTATIONS AND WARRANTIES OF THE INVESTOR

          The Investor hereby represents and warrants to the Company that:

          SECTION 3.1 Organization; Power. The Investor is duly organized, validly existing and
in good standing under the laws of the jurisdiction of its organization and has all power and
authority to enter into and perform its obligations under this Agreement.

          SECTION 3.2 Authorization; Enforceability. This Agreement has been duly authorized,
executed and delivered by the Investor and, assuming due authorization, execution and delivery by
the Company, constitutes a valid and binding obligation of the Investor, enforceable against the
Investor in accordance with its terms, except as such enforceability may be limited by bankruptcy,
insolvency, fraudulent conveyance, reorganization, moratorium or other similar laws relating to or
affecting creditors’ rights generally and by general principles of equity.

          SECTION 3.3 Consents; No Conflicts.

     (a) No governmental approval is required to be obtained by the Investor in connection with
the execution, delivery and performance of this Agreement and the consummation of the transactions
contemplated hereby.

     (b) The execution, delivery and performance of this Agreement and the consummation of the
transactions contemplated thereby will not conflict with, or result in any violation of or
default (with or without notice or lapse of time, or both) under, or give rise to any third party
rights under (i) the constitutional documents of the Investor; (ii) any law or
governmental approval applicable to the Investor; or (iii) any agreement or instrument
applicable to the Investor or any of its properties or assets.

     (c) The Investor has paid or shall have paid by any applicable due date any securities
transaction tax or similar stamp, tax or duty on the Subscription Shares.

          SECTION 3.4 Investment Representations.

     (a) The Investor is acquiring the Subscription Shares solely for its own account for
investment purposes and not with a view to, or for offer, sale or resale in connection with, the
distribution or other disposition thereof in violation of any applicable laws.

2

 

     (b) The Investor acknowledges that the Subscription Shares have not been and may not be
registered under the US Securities Act of 1933, as amended (the “Act”), or under the
securities laws of any state of the United States or other jurisdictions within or outside of the
United States, by reason of a specific exemption therefrom, and that the Company is relying on
the truth and accuracy of, and the Investor’s compliance with, the representations and warranties
and agreements of the Investor set forth herein to determine the availability of such exemptions
and the eligibility of the Investor to acquire such Subscription Shares, including, but not
limited to, the bona fide nature of the Investor’s investment intent as expressed herein.

     (c) The Investor acknowledges and agrees that, without prejudice to Section 4.1, the
Subscription Shares must be held indefinitely unless the Subscription Shares are subsequently
registered under the Act or an exemption from such registration is available. The Investor
understands that the certificates evidencing the Subscription Shares will be imprinted with a
legend which prohibits the transfer of the Subscription Shares unless the Subscription Shares are
registered or such registration is not required in the opinion of counsel for the Company.

     (d) The Investor is an “accredited investor” as that term is defined in Rule 501 of
Regulation D promulgated by the U.S. Securities Exchange Commission (“SEC”) under the
Act.

     (e) The Investor has such knowledge and expertise in financial and business matters, knows
of the high degree of risk associated with investments generally and particularly investments in
the securities of companies, is capable of evaluating the merits and risks of an investment in
the Subscription Shares, and is able to bear the economic risk of an investment in the
Subscription Shares in the amount contemplated hereunder. The Investor has adequate means of
providing for its current financial needs and contingencies and will have no current or
anticipated future needs for liquidity which would be jeopardized by the investment in the
Subscription Shares. The Investor can afford a complete loss of its investment in the
Subscription Shares.

     (f) Neither the Investor nor any of its directors, officers and shareholders is in
possession of material non-public information that is not otherwise in the possession of the
board of directors of the Company (who are not directors, officers or shareholders of the
Investor).

          SECTION 3.5 No Reliance. Except as set forth in this Agreement, the Company makes no
other representations or warranties, express or implied, oral or written, in connection with the
transactions contemplated hereby.

ARTICLE
IV

AGREEMENTS

          SECTION 4.1  Limitations on Transfer.

     (a) Notwithstanding anything to the contrary contained herein, without the prior written
consent of a majority of the disinterested members of the board of directors of the Company, from
the Closing Date until April 30, 2010 (the “Lock-up Period”), the Investor shall

3

 

not sell, assign, transfer, mortgage, alienate, pledge, hypothecate, create or permit to exist a
security interest in or lien on, place in trust or in any other way encumber or otherwise dispose
of any Subscription Shares or any interest therein.

     (b) After the expiration of the Lock-up Period, in the event that the Subscription Shares
have not been registered for resale under applicable securities laws, prior to any proposed
transfer of the Subscription Shares, the Investor shall give written notice to the board of
directors of the Company expressing its desire to effect such transfer and describing briefly the
proposed transfer. Upon receiving such notice, the board of directors may present copies thereof
to its counsel. The Investor shall not make any disposition of any Subscription Shares unless
and until (i) there is then in effect a registration statement under the Act covering such
transfer and such transfer is made in accordance with such registration statement or (ii) if
reasonably requested by the Company, the Investor shall have furnished to the Company an opinion
of counsel reasonably satisfactory to the Company that such disposition will not require
registration under the Act.

          SECTION 4.2 Further Assurances.

     (a) The Company shall promptly prepare and submit to The Nasdaq Stock Market, Inc. a listing
application covering the Subscription Shares and shall use its reasonable efforts to obtain,
prior to the Closing, approval for the listing of the Subscription Shares on the NASDAQ Global
Select Market, subject to official notice of issuance to The Nasdaq Stock Market, Inc. The
Investor shall fully cooperate with the Company with respect to such application.

     The Company shall disclose in its subsequent annual report on Form 20-F or, no later than
the date on which its subsequent annual report on Form 20-F is required to be filed, in English
on its corporate website, that it does not follow the requirement of NASDAQ Listing Rule 4350(i)
and include a brief statement of the Cayman Islands practice it follows in lieu of that
requirement. If the Company provides the disclosure only on its website, it shall state so in
its annual report on Form 20-F and provide the web address at which the information may be
obtained.

     Prior to the Closing, the Company will submit to The NASDAQ Stock Market, Inc. a written
statement from a Cayman Islands counsel certifying that the Company’s practices, including in
particular practices not in compliance with the matters described in NASDAQ Listing Rule 4350(i),
are not prohibited by the laws of the Cayman Islands.

     (b) Each party hereto shall do and perform or cause to be done and performed all further
acts and shall execute and deliver all other agreements, certificates, instruments and documents
as the other party hereto reasonably may request in order to carry out the intent and accomplish
the purposes of this Agreement and the consummation of the transactions contemplated hereby.

          SECTION 4.3 Board Representation. After the Closing, the percentage of seats on the
Company’s board of directors with respect to which the Investor will have nomination rights will
not be less than the percentage of outstanding share capital owned by the Investor from time to

4

 

time. The director(s) nominated by the Investor to the board of directors of the Company (the
“Board Designees”) shall be subject to the policies and requirements of the Company and its
board of directors, including the Company’s Code of Ethics in a manner consistent with the
application of such requirements to other members of the board of directors. The Company shall
indemnify the Board Designees and provide the Board Designees with director and officer insurance
to the same extent it indemnifies and provides insurance for the other members of the board of
directors pursuant to its organizational documents, applicable law or otherwise.

ARTICLE
V

CONDITIONS PRECEDENT

          SECTION 5.1 Conditions Precedent to the Obligations of the Parties. The obligations
of each party to consummate the transactions contemplated by this Agreement are subject to the
satisfaction or waiver of the following conditions:

     (a) No provision of any applicable law and no judgment, injunction, order or decree of a
governmental authority shall prohibit or restrain the consummation of the Closing.

     (b) (i) The representations of warranties of the other party shall have been true and
correct when made and shall be true and correct as of the Closing with the same force and effect
as if made as of the Closing and (ii) the covenants and agreements contained in this
Agreement to be complied with by the other party on or before the Closing shall have been
complied with in all material respects.

ARTICLE
VI

SURVIVAL OF REPRESENTATIONS; INDEMNIFICATION

          SECTION 6.1 Survival of Representations and Warranties. The representations and
warranties contained in ARTICLE III shall survive the Closing.

          SECTION 6.2 Indemnification. The Investor hereby agrees to indemnify and hold harmless the
Company and the Company’s officers, directors, employees, agents, representatives and attorneys
(other than any such person who is and officer, director or shareholder of the Investor) against
any and all losses, claims, demands, liabilities and expenses (including reasonable legal or other
expenses incurred by each such person in connection with defending or investigating any such claims
or liabilities, whether or not resulting in any liability to such person or whether incurred by the
indemnified party in any action or proceeding between the indemnifying party and indemnified party
or between the indemnified party and any third party) to which any such indemnified party may
become subject, insofar as such losses, claims, demands, liabilities and expenses (a) arise out of
or are based upon any untrue statement or alleged untrue statement of a material fact made by the
Investor and contained herein, or (b) arise out of or are based upon any breach by Investor of any
representation, warranty or agreement made by the Investor contained herein.

ARTICLE
VII

MISCELLANEOUS

          SECTION 7.1 Restrictive Legends. All certificates representing the Subscription
Shares shall have endorsed thereon legends in substantially the following forms (in addition to any
other legend which may be required by other agreements between the parties hereto):

5

 

     (a) “THE SECURITIES REPRESENTED BY THIS CERTIFICATE HAVE NOT BEEN REGISTERED UNDER THE
SECURITIES ACT OF 1933, AS AMENDED. THE SECURITIES MAY NOT BE SOLD, OFFERED FOR SALE, PLEDGED OR
HYPOTHECATED IN THE ABSENCE OF AN EFFECTIVE REGISTRATION STATEMENT AS TO THE SECURITIES UNDER
SAID ACT OR AN OPINION OF COUNSEL SATISFACTORY TO THE COMPANY THAT SUCH REGISTRATION IS NOT
REQUIRED.”

     (b) “THE SECURITIES REPRESENTED BY THIS CERTIFICATE MAY NOT BE ASSIGNED, HYPOTHECATED,
DONATED, ENCUMBERED, SOLD,
TRANSFERRED OR OTHERWISE DISPOSED OF EXCEPT IN ACCORDANCE WITH THAT CERTAIN SUBSCRIPTION
AGREEMENT DATED SEPTEMBER 23, 2009, A COPY OF WHICH IS AVAILABLE FOR INSPECTION AT THE OFFICES OF
THE COMPANY.”

     (c) Any legend required by appropriate blue sky officials.

          SECTION 7.2 Governing Law; Consent to Jurisdiction; Related Matters. (a) This
Agreement shall be governed in all respects by law of the State of New York.

          (b) Each of the parties hereto irrevocably and unconditionally consents to the jurisdiction of
the federal courts situated in the State of New York to resolve all disputes, claims or
controversies arising out of or relating to this Agreement or the negotiation, breach, validity or
performance hereof or the transactions contemplated hereby.

          (c) Each of the parties to this Agreement irrevocably consents to the service of process in
any action or proceeding hereunder by the mailing of copies of the notice, summons and/or complaint
by registered or certified airmail, postage prepaid, to the address specified in Section 7.9
hereof. The foregoing shall not limit the rights of any party to this Agreement to serve process in
any other manner permitted by law or to obtain execution of judgment in any other jurisdiction.

          (d) THE PARTIES AGREE TO WAIVE ANY AND ALL RIGHTS THAT THEY MAY HAVE TO A JURY TRIAL WITH
RESPECT TO DISPUTES ARISING OUT OF THIS AGREEMENT.

          SECTION 7.3 Successors and Assigns; Assignment. This Agreement and the rights and
obligations hereunder shall not be assignable or transferable by any party without the prior
written consent of the other party hereto. Any attempted assignment in violation of this Section
7.3 shall be void.

          SECTION 7.4 Entire Agreement; Supersedes Prior Agreement. This Agreement constitutes
the full and entire understanding and agreement between the parties with regard to the subjects
hereof and no party shall be liable or bound to any other in any manner by any representations,
warranties, covenants and agreements except as specifically set forth herein.

6

 

          SECTION 7.5 Severability. In case any provision of this Agreement shall be invalid,
illegal or unenforceable, the validity, legality and enforceability of the remaining provisions
shall not in any way be affected or impaired thereby.

          SECTION 7.6 Amendment and Waiver. This Agreement may only be amended or modified, and the rights of the Company or the
Investor, respectively, hereunder may only be waived, in a writing signed by the Company and the
Investor.

          SECTION 7.7 Enforcement. Each party hereto acknowledges that money damages would not
be an adequate remedy in the event that any of the covenants or agreements in this Agreement are
not performed in accordance with its terms, and it is therefore agreed that in addition to and
without limiting any other remedy or right it may have, in accordance with Section 7.2, apply to a
court of competent jurisdiction for such equitable relief as such court may deem just and proper in
order to enforce this Agreement or prevent any violation of its terms and each party waives any
objection to the imposition of relief of an equitable nature if warranted.

          SECTION 7.8 Delays or Omissions. No delay or omission to exercise any right, power or
remedy accruing to any party, upon any breach, default or noncompliance by another party under this
Agreement, shall impair any such right, power or remedy, nor shall it be construed to be a waiver
of any such breach, default or noncompliance, or any acquiescence therein, or of or in any similar
breach, default or noncompliance thereafter occurring.

          SECTION 7.9 Notices. All notices and other communications hereunder shall be in
writing and shall be deemed to have been duly given, if delivered personally, by facsimile or sent
by first class mail, postage prepaid, as follows:

	 	(a)	 	If to the Company, to:
	 
	 	 	 	28-30 Floor

Zhao Feng World Trade Building

369 Jiangsu Road

Shanghai, 200050 PRC

facsimile: 8621-2216-4174

Attention: Alex Yang
	 
	 	(b)	 	If to the Investor, to:
	 
	 	 	 	Portcullis TrustNet Chambers

P.O. Box 3444

Road Town

Tortola

British Virgin Islands

facsimile: 8621-32124661

Attention: Jason Nanchun Jiang

7

 

          SECTION 7.10 Expenses. Each party will be responsible for the payment of all expenses
incurred by it in connection with this Agreement and the transactions contemplated hereby.

          SECTION 7.11 Titles and Subtitles. The titles of the sections and subsections of this
Agreement and of the schedules are for convenience of reference only and are not to be considered
in construing this Agreement.

          SECTION 7.12 Termination. This Agreement may be terminated by mutual agreement of the
parties hereto. Upon termination of this Agreement pursuant to this Section 7.12, this Agreement
shall be void and of no further force and effect, except that the terms and provisions of ARTICLE
VI and ARTICLE VII shall remain in full force and effect and no party shall have any liability to
any other party under this Agreement, except that nothing herein shall relieve any party from any
liability for the breach of any of the representations, warranties, covenants and agreements set
forth in this Agreement and except as contemplated by Section 7.10.

          SECTION 7.13 Public Announcements. The initial press release relating to this
Agreement shall be a joint press release the text of which has been agreed to by each of the
Company and the Investor. Thereafter, unless otherwise required by applicable law or the
requirements of Nasdaq, the Company and the Investor shall each use its reasonable efforts to
consult with each other before issuing any press release or otherwise making any public statements
with respect to this Agreement or the transactions contemplated hereby.

          SECTION 7.14 Counterparts; Execution by Facsimile Signature. This Agreement may be
executed in any number of counterparts, each of which shall be an original, but all of which
together shall constitute one instrument. This Agreement may be executed by facsimile
signature(s).

8

 

          IN WITNESS WHEREOF, the parties hereto have executed this Subscription Agreement as of the
date set forth in the first paragraph hereof.

	 	 	 	 	 
	 	FOCUS MEDIA HOLDING LIMITED

 	 
	 	By:  	/s/ Alex Yang
 	 
	 	 	Name:  	Alex Yang Deyi 	 
	 	 	Title:  	Acting CFO 	 
	 
	 	JJ MEDIA INVESTMENT HOLDING LTD.

 	 
	 	By:  	/s/ Jason Nanchun Jiang
 	 
	 	 	Name:  	Jason Jiang Nanchun 	 
	 	 	Title:  	Director 	 
	 

9

 

Schedule 1.2

Company’s Bank Account

1

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00175-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00175-of-00352.parquet"}]]