Document:

EX-10.184

Exhibit 10.184

EXECUTION COPY

FOCUS MEDIA HOLDING LIMITED

28-30 FLOOR

ZHAO FENG WORLD TRADE BUILDING

369 JIANGSU ROAD

SHANGHAI, 200050

PEOPLE’S REPUBLIC OF CHINA

As of November 19, 2009

Citibank, N.A. — ADR Department

388 Greenwich Street

New York, New York 10013

          Restricted ADSs (Cusip No.: 34415V117)

Ladies and Gentlemen:

          Reference is made to the Amended and Restated Deposit Agreement, dated as of April 9, 2007
(the “Deposit Agreement”), by and among Focus Media Holding Limited, a company organized
under the laws of the Cayman Islands (the “Company”), Citibank, N.A., a national banking
association (“Citibank”) organized and existing under the laws of the United States of
America, as Depositary (the “Depositary”), and all Holders and Beneficial Owners of
American Depositary Shares (the “ADSs”) issued thereunder. All capitalized terms used, but
not otherwise defined herein, shall have the meaning assigned thereto in the Deposit Agreement.

          The Company desires to establish procedures to enable affiliates of the Company the names of
which will be provided by the Company and reasonably agreed by the Depositary from time to time
(the “Affiliate Holders”), to hold Shares that constitute “Restricted Securities” as
Restricted ADSs. The Depositary is willing to accommodate the issuance of Restricted ADSs,
provided that (a) the terms of deposit of the Restricted Securities for Restricted ADSs neither (i)
prejudices any substantial rights of existing Holders and Beneficial Owners of ADSs under the
Deposit Agreement, nor (ii) violates or conflicts with any law, rule or administrative position
applicable to the ADSs, and (b) the terms of the Deposit Agreement are supplemented to establish
procedures for the deposit of Restricted Securities by Affiliate Holders.

          The purpose and intent of this Letter Agreement is to supplement the Deposit Agreement for the
purpose of accommodating (i) the issuance of Restricted ADSs to the Affiliate Holders, (ii) the
sale or transfer of such Restricted ADSs, and (iii) certain ancillary transactions further
described below. The Company and the Depositary agree that this Letter Agreement shall be filed as
an exhibit to the Company’s next Registration Statement on Form F-6 filed in respect of the ADSs
under the Securities Act, if any.

          For good and valuable consideration, the receipt and sufficiency of which are hereby
acknowledged, the Company and the Depositary hereby agree, notwithstanding the terms of the Deposit
Agreement, as follows:

 

 

          1. Depositary Procedures. The Company consents, under Section 2.3 of the Deposit
Agreement to the deposit by Affiliate Holders of up to the number of Shares listed opposite such
Affiliate Holder’s name on a list to be provided by the Company to the Depositary from time to time
(the “Restricted Shares”) and the issuance and delivery by the Depositary of the
corresponding number of Restricted ADSs in respect thereof in the form of Uncertificated ADSs, upon
the terms of Section 2.13 of the Deposit Agreement, as supplemented by this Letter Agreement, to
the Affiliate Holder or its respective designee(s). The Restricted ADSs described in the
immediately preceding sentence and the Restricted Shares represented thereby are referred to herein
as the “Designated Restricted ADSs” and the “Designated Shares”, respectively.

          In furtherance of the foregoing, the Company instructs the Depositary, and the Depositary
agrees, upon the terms and subject to the conditions set forth in Section 2.13 of the Deposit
Agreement as supplemented by this Letter Agreement, to (i) establish procedures to enable (x) the
deposit of the Designated Shares with the Custodian by the Affiliate Holder in order to enable the
issuance by the Depositary to the Affiliate Holder of Designated Restricted ADSs issued under the
terms of this Letter Agreement upon deposit of Designated Shares, and (y) the transfer or pledge of
the Designated Restricted ADSs, the removal of the transfer or pledge and other restrictions with
respect to the Designated Restricted ADSs in order to create unrestricted ADSs, and the withdrawal
of the Designated Shares, in each case upon the terms and conditions set forth in the Deposit
Agreement as supplemented by the terms of this Letter Agreement, and (ii) to deliver an account
statement (the “Account Statement”) to the holder of Designated Restricted ADSs or its
respective designee(s) (“Restricted Holders”) upon issuance of the Designated Restricted
ADSs, in each case upon the terms set forth herein. Nothing contained in this Letter Agreement
shall in any way obligate the Depositary, or give authority to the Depositary, to accept any Shares
(other than the Designated Shares described herein) for deposit under the terms hereof.

          2. Company Assistance. The Company agrees to (i) provide commercially reasonable
assistance upon the request of and to the Depositary in the establishment of such procedures to
enable the acceptance of the deposit solely by the Affiliate Holder of the Designated Shares, the
issuance of Designated Restricted ADSs, the transfer of Designated Restricted ADSs, the withdrawal
of the Designated Shares and the conversion of Designated Restricted ADSs into freely transferable
ADSs, and (ii) take all commercially reasonable steps requested by the Depositary to ensure that
the acceptance of the deposit of the Designated Shares, the issuance of the Designated Restricted
ADSs, the transfer of the Designated Restricted ADSs, the conversion of Designated Restricted ADSs
into freely transferable ADSs, and the withdrawal of Designated Shares, in each case upon the terms
and conditions set forth herein, do not prejudice any substantial existing rights of Holders and
Beneficial Owners of ADSs and do not violate the provisions of the Securities Act or any other
applicable laws.

          In furtherance of the foregoing, the Company shall cause (A) its U.S. counsel to deliver an
opinion to the Depositary as of the date hereof stating, inter alia, to the effect that (i) this
Letter Agreement is valid, binding and enforceable against the Company under the laws of the State
of New York, except as the enforcement thereof may be limited by bankruptcy, insolvency (including,
without limitation, all laws relating to fraudulent transfers), reorganization, moratorium or
similar laws affecting the enforcement of creditors’ rights generally, and as enforcement thereof
is subject to general principles of equity (regardless of

2

 

whether enforcement is considered in a
proceeding in equity or at law), and (ii) the deposit of Designated Shares by the Affiliate Holder
and the issuance and delivery of Designated Restricted ADSs, in each case upon the terms
contemplated herein, do not require registration under the Securities Act, and (B) its Cayman
Island counsel to deliver an opinion to the Depositary as of the date hereof stating, inter alia,
that (i) the Company has duly authorized and executed this Letter Agreement, (ii) this Letter
Agreement constitutes a legal, valid and binding obligation of the Company under Cayman Islands law
enforceable against the Company upon its terms, (iii) all approvals required by Cayman
Islands law to permit the deposit of Designated Shares under the Deposit Agreement and this Letter
Agreement have been obtained, and (iv) the terms of this Letter Agreement and the transactions
contemplated by this Letter Agreement do not and will not contravene or conflict with any Cayman
Islands law of general application.

          3. Limitations on Issuance of Restricted ADSs. The Company hereby instructs the
Depositary, and the Depositary agrees, upon the terms and subject to the conditions set forth in
this Letter Agreement, to issue and deliver Designated Restricted ADSs only (x) upon
receipt of (i) a deposit of the Designated Shares by Affiliate Holders, (ii) the opinions of
counsel identified in Section 2 hereof, and (iii) payment of the applicable fees, taxes and
expenses otherwise payable under the terms of the Deposit Agreement upon the deposit of Shares and
the issuance of ADSs, and (y) in the event of any corporate action of the Company which results in
the issuance of Restricted ADSs to the holder(s) of the Designated Restricted ADSs.

          The Depositary shall cause the Designated Restricted ADSs issued upon the deposit of
Designated Shares to be separately identified on the books of the Depositary under Cusip No.:
34415V117 and the Designated Shares to be held, to the extent practicable, separate and distinct by
the Custodian from the other Deposited Securities held by the Custodian in respect of the ADSs
issued under the Deposit Agreement that are not Restricted ADSs.

          The Depositary is hereby authorized and directed to issue the Designated Restricted ADSs as
Uncertificated ADSs registered in the books of the Depositary in the name of the Affiliate Holder
or its designee(s) for the benefit of the Affiliate Holder subject to the restrictions specified in
Section 4 below.

          4. Stop Transfer Notation and Legend. The books of the Depositary shall identify the
Designated Restricted ADSs as “restricted” and shall contain a “stop transfer” notation to that
effect. The Account Statement to be sent by the Depositary to the Restricted Holders upon the
issuance of Designated Restricted ADSs shall contain the following legend:

     THE RESTRICTED AMERICAN DEPOSITARY SHARES (“RESTRICTED ADSs”) CREDITED TO YOUR ACCOUNT
AND THE UNDERLYING RESTRICTED SHARES (“RESTRICTED SHARES”) OF THE COMPANY ARE SUBJECT TO
THE TERMS OF THE LETTER AGREEMENT, DATED AS OF NOVEMBER 19, 2009 (THE “RESTRICTED LETTER
AGREEMENT”) AND THE AMENDED AND RESTATED DEPOSIT AGREEMENT, DATED AS OF APRIL 9, 2007, AS
AMENDED AND SUPPLEMENTED (AS SO AMENDED AND SUPPLEMENTED, THE “DEPOSIT AGREEMENT”). ALL
TERMS USED BUT NOT OTHERWISE DEFINED HEREIN SHALL, UNLESS OTHERWISE SPECIFICALLY DESIGNATED HEREIN,
HAVE THE MEANING GIVEN TO SUCH

3

 

TERMS IN THE RESTRICTED LETTER AGREEMENT, OR IF NOT DEFINED THEREIN,
IN THE DEPOSIT AGREEMENT.

     HOLDERS AND BENEFICIAL OWNERS OF THE RESTRICTED ADSs BY ACCEPTING AND HOLDING THE RESTRICTED
ADSs, AND ANY INTEREST THEREIN, SHALL BE BOUND BY THE TERMS OF THE DEPOSIT AGREEMENT AND THE
RESTRICTED LETTER AGREEMENT. AT THE TIME OF ISSUANCE OF THE RESTRICTED ADSs, THE SHARES
REPRESENTED THEREBY HAD NOT BEEN REGISTERED UNDER THE UNITED STATES SECURITIES ACT OF 1933, AS
AMENDED (THE “SECURITIES ACT”), AND SUCH SHARES AND ADSs HAD NOT BEEN REGISTERED OR
QUALIFIED UNDER ANY APPLICABLE STATE SECURITIES LAWS. THESE SECURITIES MAY NOT BE OFFERED, SOLD,
PLEDGED OR OTHERWISE TRANSFERRED EXCEPT PURSUANT TO (A) AN EFFECTIVE REGISTRATION STATEMENT UNDER
THE SECURITIES ACT IN A TRANSACTION REGISTERED OR QUALIFIED UNDER APPLICABLE STATE SECURITIES LAWS,
OR (B) AN AVAILABLE EXEMPTION FROM SUCH REGISTRATION OR QUALIFICATION REQUIREMENTS. UNLESS A
REGISTRATION STATEMENT IS EFFECTIVE WITH RESPECT TO THESE SECURITIES, AS A CONDITION TO PERMITTING
ANY TRANSFER OF THESE SECURITIES, EACH OF THE DEPOSITARY AND THE COMPANY MAY REQUIRE THAT IT BE
FURNISHED WITH AN OPINION OF COUNSEL REASONABLY SATISFACTORY TO THE DEPOSITARY AND THE COMPANY TO
THE EFFECT THAT NO REGISTRATION OR QUALIFICATION IS LEGALLY REQUIRED FOR SUCH TRANSFER.

     IN ADDITION, THE RESTRICTED ADSs AND THE UNDERLYING RESTRICTED SHARES MAY NOT BE ASSIGNED,
HYPOTHECATED, DONATED, ENCUMBERED, SOLD, TRANSFERRED OR OTHERWISE DISPOSED OF EXCEPT IN ACCORDANCE
WITH ANY RELATED AGREEMENT, CONTRACT OR INSTRUMENT ENTERED INTO WITH THE COMPANY GOVERNING SUCH
RESTRICTIONS ON ASSIGNMENT, HYPOTHECATION, DONATION, ENCUMBRANCE, SALE, TRANSFER OR DISPOSAL, A
COPY OF WHICH WILL BE AVAILABLE FOR INSPECTION AT THE OFFICES OF THE COMPANY.

     PRIOR TO THE SALE OF THE RESTRICTED ADSs AND ISSUANCE OF FREELY TRANSFERABLE ADSs, A HOLDER OF
RESTRICTED ADSs WILL BE REQUIRED TO PROVIDE TO THE DEPOSITARY AND TO THE COMPANY A RESALE
CERTIFICATION AND ISSUANCE INSTRUCTION IN THE FORM ATTACHED TO THE RESTRICTED LETTER AGREEMENT.
PRIOR TO THE WITHDRAWAL OF THE RESTRICTED SHARES, A HOLDER OF RESTRICTED ADSs WILL BE REQUIRED TO
PROVIDE TO THE DEPOSITARY AND TO THE COMPANY A WITHDRAWAL CERTIFICATION IN THE FORM ATTACHED TO THE
RESTRICTED LETTER AGREEMENT. THE TRANSFER AND OTHER RESTRICTIONS SET FORTH HEREIN AND IN THE
RESTRICTED LETTER AGREEMENT SHALL REMAIN APPLICABLE WITH RESPECT TO THE RESTRICTED ADSs AND THE
RESTRICTED SHARES UNTIL SUCH TIME AS THE PROCEDURES SET FORTH IN THE RESTRICTED LETTER AGREEMENT
FOR REMOVAL OF RESTRICTIONS ARE SATISFIED. NEITHER THE COMPANY NOR THE DEPOSITARY MAKES ANY
REPRESENTATION AS TO THE AVAILABILITY OF THE

4

 

EXEMPTION PROVIDED BY RULE 144 UNDER THE SECURITIES
ACT FOR RESALE OF THE RESTRICTED SHARES OR THE RESTRICTED ADSs. A COPY OF THE DEPOSIT AGREEMENT
AND OF THE RESTRICTED LETTER AGREEMENT MAY BE OBTAINED FROM THE DEPOSITARY OR THE COMPANY UPON
REQUEST.

          5. Limitations on Transfer of Designated Restricted ADSs. The Designated Restricted
ADSs shall be transferable only by Restricted Holders thereof upon delivery to the Depositary of
(i) all applicable documentation otherwise contemplated by the Deposit Agreement, and (ii) such
other documents as may reasonably be requested by the Depositary under the terms hereof (including,
without limitation, opinions of U.S. counsel as to compliance with the terms of the legend set
forth above in Section 4).

          6. Limitations On Cancellation of Designated Restricted ADSs. The Company instructs
the Depositary, and the Depositary agrees, not to release any Designated Shares or cancel any
Designated Restricted ADSs for the purpose of withdrawing the underlying Designated Shares unless
(x) the conditions applicable to the withdrawal of Shares from the depositary receipts facility
created pursuant to the terms of the Deposit Agreement have been satisfied (except for any
conditions relating to the Shares not being Restricted Securities), and (y) the Depositary shall
have received from the person requesting the withdrawal of the Designated Shares a duly completed
and signed Withdrawal Certification substantially in the form attached hereto as Exhibit A
(such certification, a “Withdrawal Certification”).

          7. Fungibility. Except as contemplated herein and except as required by applicable
law, the Designated Restricted ADSs evidenced thereby shall, to the maximum extent permitted by law
and to the maximum extent practicable, be treated as ADSs issued and outstanding under the terms of
the Deposit Agreement that are not Restricted ADSs. Nothing contained herein shall obligate the
Depositary to treat Holders of Designated Restricted ADSs on terms more favorable than those
accorded to Holders of ADSs under the Deposit Agreement.

          8. Limitations On Exchange of Designated Restricted ADSs for ADSs. The Company
instructs the Depositary, and the Depositary agrees, to cancel the Designated Restricted ADSs and
to issue and deliver freely transferable ADSs in respect thereof upon receipt of (i) a duly
completed and signed Resale Certification and Issuance Instruction, substantially in the form
attached hereto as Exhibit B (the “Resale Certification and Issuance Instruction”),
(ii) an opinion of U.S. counsel to the Company stating that transaction pursuant to which the
Designated Restricted ADSs are being sold is exempt from registration under the Securities Act,
(iii) payment of the issuance fees, taxes and expenses otherwise payable under the terms of the
Deposit Agreement and this Letter Agreement, and (iv) any other documents as may reasonably be
requested by the Depositary under the terms of the Deposit Agreement and this Letter Agreement.

          9. Removal of Restrictions. The Depositary shall remove all stop transfer notations
from its records in respect of Designated Restricted ADSs and shall treat such Designated
Restricted ADSs on the same terms as the ADSs outstanding under the terms of the Deposit Agreement
that are not Designated Restricted ADSs upon receipt of (x) written instructions from the Company
to do so, and (y) an opinion of U.S. counsel to the Company stating, inter alia, that the
Designated Restricted ADSs and the Designated Shares may be freely

5

 

transferred under U.S.
securities laws. Upon receipt of such instructions and opinion of counsel, the Depositary shall
take all actions necessary to remove any distinctions previously existing between the applicable
Restricted ADSs and the ADSs that are not Restricted ADSs, including, without limitation, by (a)
removing the stop transfer notations on its records in respect of the applicable ADSs previously
identified as Designated Restricted ADSs, and (b) making the formerly Designated Restricted ADSs
eligible for Pre-Release Transactions and for inclusion in the applicable book-entry settlement
system.

          10. Representations and Warranties. The Company hereby represents and warrants that
(a) the Designated Shares being deposited by the Affiliate Holders for the purpose of the issuance
of Restricted ADSs are validly issued, fully paid and non-assessable, and free of any preemptive
rights of the holders of outstanding Shares, (b) the Designated Shares are of the same class as,
and rank pari passu with, the other Shares on deposit under the Deposit Agreement, and (c) to the
Company’s knowledge, none of the terms of this Letter Agreement and none of the transactions
contemplated in this Letter Agreement violate any court judgment or order made against the Company
or any material contract to which it is a party. Such representations and warranties shall survive
the deposit of the Designated Shares and the issuance of Designated Restricted ADSs.

          11. Indemnity. Each of the Company and the Depositary acknowledges and agrees that
the indemnification and other provisions of Section 5.8 of the Deposit Agreement shall apply to the
acceptance of Designated Shares for deposit, the issuance of Designated Restricted ADSs, the
transfer of Designated Restricted ADSs, the addition/removal of the transfer and other restrictions
set forth herein with respect to ADSs/Restricted ADSs, and the withdrawal of Designated Shares, in
each case upon the terms set forth herein, as well as to any other acts performed or omitted by the
Depositary as contemplated by this Letter Agreement.

          This Letter Agreement shall be interpreted and all the rights and obligations hereunder shall
be governed by the laws of the State of New York as applicable to contracts to be wholly performed
within the State of New York. This Letter Agreement may be executed in one or more counterparts,
each of which shall be deemed an original and all of such counterparts shall constitute the same
agreement.

6

 

          The Company and the Depositary have caused this Letter Agreement to be executed and delivered
on their behalf by their respective officers thereunto duly authorized as of the date set forth
above.

	 	 	 	 	 
	 	FOCUS MEDIA HOLDING LIMITED

 	 
	 	By:  	/s/ Alex Yang
 	 
	 	 	Name:  	Alex Deyi Yang 	 
	 	 	Title:  	Acting CFO 	 
	 
	 	CITIBANK, N.A.,	 
	 	 	
as Depositary

 	 
	 	By:  	/s/ Thomas Crane
 	 
	 	 	Name:  	Thomas Crane 	 
	 	 	Title:  	Vice President 	 

7

 

	 	 	 	 	 

	 	 	 
	EXHIBITS	 	 
	 
	 	 
	A

	 	Withdrawal Certification
	B

	 	Resale Certification and Instruction Letter

 

 

EXHIBIT A

to

Letter Agreement, dated as of November 19, 2009

(the “Letter Agreement”), by and between

Focus Media Holding Limited

and

Citibank, N.A.

 

WITHDRAWAL CERTIFICATION

 

                                        ,                     

Citibank, N.A., as Depositary

ADR Department

111 Wall Street

New York, New York 10043

          Focus Media Holding Limited (Cusip No.: 34415V117)

Dear Sirs:

          Reference is hereby made to (i) the Amended and Restated Deposit Agreement, dated as of April
9, 2007, (the “Deposit Agreement”), by and among Focus Media Holding Limited (the
“Company”), Citibank, N.A., as Depositary (the “Depositary”), and all Holders and
Beneficial Owners of American Depositary Shares (the “ADSs”) issued thereunder, and (ii)
the Letter Agreement, dated as of November 19, 2009 (the “Restricted Letter Agreement”), by
and between the Company and the Depositary. Capitalized terms used but not defined herein shall
have the meanings given to them in the Deposit Agreement, or, in the event so noted herein, in the
Restricted Letter Agreement.

          1. This Withdrawal Certification is being furnished in connection with the withdrawal of
Restricted Shares upon surrender of Restricted ADSs to the Depositary.

          2. We acknowledge, or, if we are acting for the account of another person, such person has
confirmed to us that it acknowledges, that the Restricted ADSs and the Restricted Shares
represented thereby have not been registered under the Securities Act.

          3. We certify that either (check one):

     (a)                      we have sold or otherwise transferred, or agreed to sell or
otherwise transfer and at or prior to the time of withdrawal will have sold or
otherwise transferred, the Restricted ADSs or the Restricted Shares represented
thereby to persons located outside the United States (as defined in Regulation S

Exh. A-1

 

under the Securities Act) in an offshore transaction in accordance with Rule 904 of
Regulation S under the Securities Act provided that in connection with such
transfer, we have delivered or will deliver an opinion of U.S. counsel reasonably
satisfactory to the Depositary and the Company to the effect that the transfer is
exempt from the registration requirements of the Securities Act, or

     (b)                      we have sold or otherwise transferred, or agreed to sell or
otherwise transfer and at or prior to the time of withdrawal will have sold or
otherwise transferred, the Restricted ADSs or the Restricted Shares represented
thereby in a transaction exempt from registration pursuant to Rule 144 under the
Securities Act, provided that in connection with such transfer, we have
delivered or will deliver an opinion of U.S. counsel reasonably satisfactory to the
Depositary and the Company to the effect that the transfer is exempt from the
registration requirements of the Securities Act, or

     (c)                      we will be the beneficial owner of the Restricted Shares upon
withdrawal, and, accordingly, we agree that (x) we will not offer, sell, pledge or
otherwise transfer the Restricted Shares except (A) in a transaction exempt from
registration pursuant to Rule 144 under the Securities Act, if available , (B) in an
offshore transaction (as defined in Regulation S under the Securities Act) to
persons other than U.S. Persons (as defined in Regulation S under the Securities
Act) in accordance with Rule 904 of Regulation S under the Securities Act , (C)
pursuant to any other available exemption from the registration requirements of the
Securities Act, or (D) pursuant to an effective registration statement under the
Securities Act, in each case in accordance with any applicable securities laws of
any state of the United States, and (y) we will not deposit or cause to be deposited
such Restricted Shares into any depositary receipt facility established or
maintained by a depositary bank (including any such facility maintained by the
Depositary), so long as such Restricted Shares are “restricted securities” within
the meaning of Rule 144(a)(3) under the Securities Act.

The undersigned hereby instructs the Depositary to cancel the Restricted ADSs specified below, to
deliver the Shares represented thereby as specified below and, if applicable, to issue to the
undersigned a statement identifying the number of Restricted ADSs held by the undersigned and not
cancelled pursuant to these instructions. The undersigned appoints the Depositary and any of its
authorized representatives as its attorney to take the actions contemplated above on behalf of the
undersigned.

	 	 	 	 	 

	Name of Owner:
	 	 	 	 
	 

	 	 

	 	 
	Social Security Number or Taxpayer
Identification Number
of Owner:
	 	 	 	 
	 

	 	 

	 	 
	Account Number of Owner:
	 	 	 	 
	 

	 	 

	 	 

Exh. A-2

 

	 	 	 	 	 

	Number of Restricted ADSs to be cancelled:
	 	 	 	 
	 

	 	 

	 	 
	Delivery Information for delivery of
Shares Represented
by Restricted ADSs to be cancelled:
	 	 	 	 
	 

	 	 

	 	 

	Signature of Owner:
	 	 	 	 
	 

	 	 

	 	 
	 	 	(Identify Title if Acting in Representative Capacity)

	 	 	 	 	 
	 	Very truly yours,

 	 
	 	By:  	 	 
	 	 	Name:  	 	 
	 	 	Title:
Date:	 	 
	 

SIGNATURE GUARANTEE

	 	 	 	 	 

	Name of Firm Issuing Guarantee:	 	 
	 

	 	 	 	 
	 
	 	 	 	 
	Authorized Signature of Officer:	 	 
	 

	 	 	 	 
	 
	 	 	 	 
	Title of Officer Signing This Guarantee:	 	 
	 

	 	 	 	 
	 
	 	 	 	 
	Address:
	 	 	 	 
	 	 	 
	 
	 	 	 	 
	 
	 
	 	 	 	 
	Area Code and Telephone Number:	 	 
	 

	 	 	 	 
	 
	 	 	 	 
	Dated:
	 	 	 	 
	 	 	 

Exh. A-3

 

EXHIBIT B

to

Letter Agreement, dated as of November 19, 2009

(the “Letter Agreement”), by and between

Focus Media Holding Limited

and

Citibank, N.A.

 

 

RESALE CERTIFICATION AND INSTRUCTION LETTER

 

Citibank, N.A., as Depositary

111 Wall Street, 15th Floor/Zone 8

New York, New York 10043

Attn.: Broker Services

Focus Media Holding Limited (Cusip No.: 34415V117)

Dear Sirs:

          Reference is hereby made to (i) the Amended and Restated Deposit Agreement, dated as of April
9, 2007, the “Deposit Agreement”), by and among Focus Media Holding Limited, a company
organized under the laws of the Cayman Islands (the “Company”), Citibank, N.A., as
Depositary (the “Depositary”), and all Holders and Beneficial Owners of American Depositary
Shares (the “ADSs”) issued thereunder, and (ii) the Letter Agreement, dated as of November
19, 2009 (the “Restricted Letter Agreement”), by and between the Company and the
Depositary. Capitalized terms used but not defined herein shall have the meanings given to them in
the Deposit Agreement, or, in the event so noted herein, in the Restricted Letter Agreement.

          This Resale Certification is being provided in connection with our request to the Depositary
to transfer the Restricted ADSs specified below (Cusip No.: 34415V117) registered in the
name of the undersigned or the undersigned’s designee in the form of freely transferable ADSs in
connection with our sale of such ADSs in a transaction exempt from registration under the
Securities Act or covered by a Registration Statement (the “Sale”).

Exh. B-1

 

          The undersigned certifies that (please check appropriate box below):

          * o Sale Pursuant to Resale Registration Statement:
(x) the Sale pursuant to which its Restricted ADSs are being sold is covered by a registration
statement under the Securities Act that has been declared effective by the Commission and is
currently in effect, (y) the ADSs to be delivered upon such sale are not “Restricted Securities”
and (z) the undersigned has satisfied all applicable prospectus delivery requirements under the
Securities Act.

          OR

          ** o Sale Exempt from Registration (Post Six Months Sales only): the
Restricted ADSs to be transferred and the Restricted Shares represented thereby are not (x) held by
an affiliate of the Company or a person who has been an affiliate of the Company during the
preceding three months, (y) at least six months has elapsed since the Restricted Shares
represented by such Restricted ADSs were acquired from the Company or an affiliate of the Company,
and (z) the Company is, and has been for a period of at least 90 days immediately prior to the
Sale, subject to the reporting requirements of Sections 13 or 15(d) of the Securities Exchange Act
of 1934, as amended (the “Exchange Act”), and has filed all required reports under Sections
13 and 15(d) of the Exchange Act (as applicable) during the 12 months preceding the sale (other
than Form 8-K reports),

          OR

          ** o Sale Exempt from Registration (Post One Year Sales only): the
Restricted ADSs to be transferred and the Restricted Shares represented thereby are not (x) held by
an affiliate of the Company or a person who has been an affiliate of the Company during the
preceding three months, and (y) at least one year has elapsed since the Restricted Shares
represented by such Restricted ADSs were acquired from the Company or an affiliate of the Company,

          OR

          ** o Sale Exempt from Registration (Sales other than
Post Six Months Sales or Post One Year Sales): the Restricted ADSs to be transferred and the
Restricted Shares represented thereby are being transferred in a transaction exempt from
registration under the Securities Act and the ADSs to be delivered upon transfer are not
“Restricted Securities”.

The undersigned hereby requests that the Depositary: debit from the undersigned’s account
specified below, for the issuance of unrestricted ADSs, the following number of Restricted ADSs:

 

			
	*	 	The Company may have delivered the
requisite opinion of counsel to cover this transaction to the Depositary.
	 
	**	 	The delivery of the requisite opinion
of counsel to cover this transaction is the responsibility of the selling
Restricted ADS holder.

Exh. B-2

 

Restricted ADSs (CUSIP No.: 34415V117) and

(ii) following the debit of the Restricted ADSs as contemplated in (i) above, issue and deliver
“free” the following number of ADSs:

(CUSIP No.: 34415V109)

to the person(s) identified below:

     1. If ADSs are to be issued and delivered by means of book-entry transfer to the DTC account
of the undersigned:

Name of DTC Participant acting for undersigned:

DTC Participant Account No.:

Account No. for undersigned at DTC Participant (f/b/o information):

Onward Delivery Instructions of undersigned:

Contact person at DTC Participant:

Daytime telephone number of contact person at DTC Participant:

     2. If ADSs are to be issued delivered in the form of Uncertificated ADSs or in the form of an
ADR:

Name of Purchaser:

Street Address:

City, State, and Country:

Nationality:

Social Security or Tax Identification Number:

Exh. B-3

 

          The undersigned hereby instructs the Depositary to cancel the Restricted ADSs to be
transferred to the purchaser pursuant to the Sale and, if applicable, to issue to the undersigned a
statement identifying the number of Restricted ADSs held by the undersigned and not transferred
pursuant to the Sale. The undersigned irrevocably appoints the Depositary and any of its
authorized representatives as its attorney to take the actions contemplated above on behalf of the
undersigned.

	 	 	 	 	 

	Name of Owner:
	 	 	 	 
	 

	 	 

	 	 
	Social Security Number or Taxpayer
Identification Number of Owner:
	 	 	 	 
	 

	 	 

	 	 
	Account Number of Owner:
	 	 	 	 
	 

	 	 

	 	 
	Signature of Owner:
	 	 	 	 
	 

	 	 

	 	 
	 	 	(Identify Title if Acting in Representative Capacity)

SIGNATURE GUARANTEE

	 	 	 	 	 

	Name of Firm Issuing Guarantee:	 	 
	 

	 	 	 	 
	 
	 	 	 	 
	Authorized Signature of Officer:	 	 
	 

	 	 	 	 
	 
	 	 	 	 
	Title of Officer Signing This Guarantee:	 	 
	 

	 	 	 	 
	 
	 	 	 	 
	Address:
	 	 	 	 
	 	 	 
	 
	 	 	 	 
	 
	 
	 	 	 	 
	Area Code and Telephone Number:	 	 
	 

	 	 	 	 
	 
	 	 	 	 
	Dated:
	 	 	 	 
	 	 	 

Exh. B-4EX-10.185

Exhibit 10.185

Execution Version

SHARES PURCHASE AND SALES AGREEMENT

     This Shares Purchase and Sales Agreement (this “Agreement”) is entered into as of January  ,
2010, by and among:

     Focus Media Holding Limited, a company organized under the laws of the Cayman Islands (“Focus
Media”);

     Topnoch Investments Holdings Limited, a company organized under the laws of British Virgin
Islands (“BVI”) (“Topnoch”);

     Bronco Venture Limited, a company organized under the laws of BVI (“Bronco Venture”);

     Unidex Holdings Limited, a company organized under the laws of BVI (“Unidex Holdings”);

     Kit Leong Low, holder of Malaysia passport number A19874824;

     Perfect Crown Investments Limited, a company organized under the laws of BVI (“Perfect
Crown”);

     Advantage Enterprise Holdings Limited, a company organized under the laws of BVI (“Advantage
Enterprise”); and

     JJZ Investment Limited, a company organized under the laws of BVI (“JJZ”).

In this Agreement, Topnoch, Bronco, Unidex, Kit Leong Low, Perfect Crown, Advantage Enterprise and
JJZ may be individually referred to as a “Purchaser” and collectively the “Purchasers”. And each of
the parties hereto may be individually referred to as a “Party” and two or more of them, as the
case may be, may be collectively referred to as the “Parties”.

     Whereas, Allyes Online Media Holdings Ltd. (the “Company”) is a company organized under the
laws of the Cayman Islands, with its registered office at Codan, Trust Company (Cayman) Limited,
Cricket Square, Hutchins Drive, PO Box 2681, Grand Cayman, KY1-1111, Cayman Islands; as of the date
of this Agreement, Focus Media is the sole shareholder of the Company, holding of record and
beneficially 100,000,000 ordinary shares of the Company, par value US$0.001 each (the “Shares”);

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     Whereas, subject to the terms and conditions set forth herein, Focus Media desires to sell and
transfer to the Purchasers certain Shares of the Company it holds, and the Purchasers are willing
to purchase and acquire such shares from Focus Media;

     Now, Therefore, in consideration of the above premises and the agreements hereinafter set
forth, and for other good and valuable consideration, the receipt and sufficiency of which are
hereby acknowledged, the Parties agree as follows:

Article 1 Definition

     Capitalized terms used herein and not otherwise defined shall have the following meanings:

     “Affiliate” means, with reference to any Person, a spouse of such Person, any director,
officer or employee of such Person, any other Person of which such Person is a member, director,
officer, or employee, and any other Person directly or indirectly controlling or controlled by or
under direct or indirect common control with such Person.

     “Allyes Option Program” means Allyes Online Media Holding Ltd 2008 Share Incentive Plan
adopted by the Company on September 18, 2008, as amended by the Company from time to time.

     “Business Day” means any day except a Saturday, Sunday, or other day on which commercial banks
in the Cayman Islands, Hong Kong, or the PRC are authorized by law to close.

     “CIETAC” means China International Economic and Trade Arbitration Commission.

     “Closing” means the closing of the transactions contemplated under this Agreement.

     “Closing Date” means the date when the Closing shall have occurred.

     “Consents” means (a) authorizations, approvals, permits, and qualifications, of any
governmental, regulatory, or statutory authorities, and (b) consents, permits and waivers necessary
to consummate the transactions contemplated by this Agreement.

     “Dividend Right” means right of Focus Media provided by Section 2.2.

     “Encumbrance” means a mortgage, charge, pledge, lien, option, restriction,

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right of first
refusal, right of pre-emption, third-party right or interest, other encumbrance or security
interest of any kind, or another type of preferential arrangement (including, without limitation, a
title transfer or retention arrangement) having similar effect.

     “Governmental Authority” means any governmental or other regulatory administrative authority,
agency or commission or court, tribunal or judicial or arbitral body.

     “Holder” (including, with correlative meaning, the term “Hold”) means a beneficial shareholder
of the Company.

     “Person” means an individual, partnership, corporation, business trust, joint stock company,
trust, unincorporated association, joint venture, or other similar entity.

     “PRC” means the People’s Republic of China, excluding Hong Kong and Macau Special
Administrative Regions and Taiwan area solely for the purpose of this Agreement.

     “US Dollars” or “US$” means United States Dollars, the lawful currency of the United States of
America.

     Any of the above-defined terms may, unless the context otherwise requires, be used in the
singular or plural depending on the reference. References to a “Schedule” is, unless otherwise
specified, to a schedule attached to this Agreement and references to an “Article” or a “Section”
are, unless otherwise specified, to one of the articles or sections or subsections of this
Agreement.

Article 2 Sales and Purchase of Shares

2.1  Subject to the terms and conditions of this Agreement, Focus Media agrees to sell and
transfer to each Purchaser, and each Purchaser agrees to purchase and acquire from Focus Media, on
the Closing Date, the Shares of the Company held by Focus Media, in the number set forth in
Schedule 1 (as to such Purchase, the “Transferred Shares”) and all right, title, benefit and
interest in and to the Transferred Shares.

 

2.2  Notwithstanding anything to the contrary herein, Focus Media is entitled to all and any
announced but undistributed dividends or any other accrued dividends of the Company as of the
Closing Date.

Article 3 Purchase Price and Payment

3.1  As consideration for its purchase of the Transferred Shares hereunder,

 

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each Purchaser
agrees to pay to Focus Media a purchase price as listed in Schedule 1 (as to such Purchase, the
“Purchase Price”).

3.2  By the Closing specified in Section 4.1 hereof, each Purchaser shall make a one-off
payment of the Purchase Price in US Dollars and wire the full amount of the Purchase Price in
immediate usable US Dollar cash to an account specified by Focus Media.

Article 4 Closing

4.1  The Closing shall take place no later than the third (3rd) Business Day or such
other date as the Parties may agree after all conditions set forth in Article 5 are satisfied (or
waived by the relevant Party) at the office of the Company at Shanghai, China. To avoid doubts,
the Closing of transfer of Transferred Shares in respect of each Purchaser shall take place at the
same time. Immediately after the Closing, the shareholding structure of the Company shall be the
same as set forth in Schedule 2 hereof.

4.2  At the Closing, each Purchaser shall deliver to Focus Media the following documents:

(a)  evidence of its unconditional, irrevocable payment of the full amount of the Purchase
Price in accordance with Article 3 of this Agreement;

(b)  a certificate of the Purchaser, dated the Closing Date and signed by its duly authorized
representative, to the effect that all obligations and covenants of the Purchaser are met and that
all representations and warranties of the Purchaser remain true; and

 

(c)  a certificate of the Purchaser, dated the Closing Date and signed by its duly authorized
representative, to the effect that all Consents necessary for its execution, delivery and
performance of this Agreement and related documents are obtained.

 

4.3  At the Closing and in exchange for each Purchaser’s delivery of relevant documents
pursuant to Section 4.2 above, Focus Media shall deliver to each Purchaser the following documents:

 

(a)  an instrument in writing, dated the Closing Date and signed by Focus Media’s duly
authorized representative, to the effect that all Transferred Shares are transferred to such
Purchaser, effective on the Closing Date;

 

(b)  a certificate of Focus Media, dated the Closing Date and signed by the

 

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duly authorized
representative of Focus Media, to the effect that all obligations and covenants of Focus Media are
met and that all representations and warranties of that Focus Media remain true;

(c)  a certificate of Focus Media dated the Closing Date and signed by the duly authorized
representative of Focus Media, to the effect that all Consents necessary for its execution,
delivery and performance of this Agreement and related documents are obtained;

 

(d)  a certified copy of the resolutions duly adopted by the directors of the Company approving
the transactions contemplated hereunder; and

 

(e)  a share certificate in the name of such Purchaser evidencing its ownership of the
Transferred Shares, together with a certified copy of the Company’s Register of Members reflecting
the ownership of the Transferred Shares.

 

Article 5 Closing Conditions

5.1  Conditions to Seller’s Obligations to Closing. Focus Media’s obligations to having
the Closing shall be subject to the satisfaction or waiver by it of each of the following
conditions:

 

(a)  Each of the representations and warranties of each Purchaser contained in Article 7 shall
be true and complete in all material aspects as of the date hereof and the Closing Date;

 

(b)  Each Purchaser shall have performed and complied with all conditions and covenants
contained in this Agreement required to be performed or complied with by it prior to the Closing;

 

(c)  Each Purchaser shall have obtained all necessary Consents (including, but not limited to,
required approvals of any Governmental Authority) for the Closing; and

 

(d)  Each Purchaser has made full payment of the Purchaser Price in accordance with Article 3
of this Agreement, as evidenced by the document set forth in Section 4.2(a) above.

 

5.2  Conditions to Purchaser’s Obligations to Closing. Each Purchaser’s obligations
to having the Closing shall be subject to the satisfaction or waiver by it of each of the following
conditions:

(a)  Each of the representations and warranties of Focus Media contained in Article 6 shall be
true and complete in all material aspects as of the date hereof and

 

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the Closing Date; and

(b)  Focus Media shall have performed and complied with all conditions and covenants contained
in this Agreement required to be performed or complied with by it prior to the Closing.

 

Article 6 Representations and Warranties of Seller

In order to induce the Purchasers to enter into this Agreement, Focus Media hereby represents
and warrants to the Purchasers that:

6.1  Legal Status and Capacity. It is a company duly organized and validly existing
under the laws of the Cayman Islands.

 

6.2  Power and Authority. It has the requisite corporate power and authority to
execute, deliver and perform this Agreement and other documents to be executed in connection with
the transactions contemplated hereunder. It has taken, or by the Closing will have taken, all
necessary action to duly and validly authorize the execution, delivery, and performance of this
Agreement and other documents in connection with the transactions contemplated hereunder and
thereunder.

 

6.3  Enforceability. This Agreement and each of the other documents to be executed in
connection with the transactions contemplated hereunder when executed and delivered by it shall
constitute its legal, valid, and binding obligations, enforceable against it in accordance with
their terms, except as may be limited by bankruptcy and insolvency laws and by other laws affecting
the rights of creditors generally.

 

6.4  Title to Transferred Shares. It is the Holder of the relevant Transferred Shares,
and except for the Dividend Right enjoyed by Focus Media, the options under the Allyes Option
Program and such other restrictions over the Transferred Shares that may be contained in the
Memorandum & Articles of Association of the Company as of the date hereof, there is no Encumbrance
in relation to any of the relevant Transferred Shares.

 

Article 7 Representations and Warranties of Purchasers

In order to induce Focus Media to enter into this Agreement, each Purchaser hereby represents
and warrants to Focus Media that:

7.1  Legal Status and Capacity. It is a company duly organized and validly existing
under the laws of jurisdiction where it is located.

 

7.2  Power and Authority. It has the requisite corporate power and authority

 

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Execution Version

to
execute, deliver and perform this Agreement and other documents to be executed in connection with
the transactions contemplated hereunder. It has taken, or by the Closing will have taken, all
necessary action to duly and validly authorize the execution, delivery, and performance of this
Agreement and other documents in connection with the transactions contemplated hereunder and
thereunder.

7.3  Government Approval. It has duly obtained, or by the Closing will have duly
obtained, all approvals of competent Governmental Authorities (including those of the PRC) that are
required for its execution, delivery, and performance of this Agreement and other documents in
connection with the transactions contemplated hereunder and thereunder (if necessary).

 

7.4  Enforceability. This Agreement and each of the other documents to be executed in
connection with the transactions contemplated hereunder when executed and delivered by it shall
constitute its legal, valid, and binding obligations, enforceable against it in accordance with
their terms, except as may be limited by bankruptcy and insolvency laws and by other laws affecting
the rights of creditors generally.

 

Article 8 Covenants

8.1  Consents. Immediately after the execution of this Agreement, each Party shall
commenced its applications for all necessary Consents required for its performance of this
Agreement and consummation of the transactions contemplated hereunder, including, but not limited
to, the approvals of the PRC Governmental Authorities (if necessary).

 

8.2  Cancellation of Option Program. Upon the execution of this Agreement, the Parties
shall cooperate with each other and shall take all necessary measures to ensure the due
cancellation of the Allyes Option Program.

 

8.3
 Dividend Distribution. Upon the execution of this Agreement, Focus Media shall
take all necessary actions to exercise its Dividend Right, and to complete the distribution of the
accrued dividends of the Company as of the Closing Date as soon as possible. In case of the failure
to complete the aforesaid dividend distribution by the Closing Date, the Purchasers shall cooperate
with Focus Media and take all necessary action to ensure its smooth exercising of the Dividend
Right.

 

Article 9 Effect and Termination

9.1  Effect. This Agreement shall take effect and be binding over the Parties hereto
immediately upon its execution by all Parties hereto.

 

9.2  Termination. (a) It is the Parties’ intention to complete the

 

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transactions
contemplated hereunder as soon as practicable, and for that purpose, to use their best efforts to
have the Closing on or prior to the sixtieth (60th) day following the date of this
Agreement. Therefore, this Agreement may only be terminated as follows:

(i) by mutual agreement of the Parties; or

(ii) by Focus Media, by a written notice to the Purchasers, on the fifty-fifth
(55th) day following the date of this Agreement, in case the Purchasers
still have not met with all the conditions precedent to its Closing of the
transactions contemplated upon that day on its side.

(b)  Upon termination of this Agreement under this Section 9.2, this Agreement shall forthwith
become wholly void and of no effect and the Parties shall be released from all future obligations
hereunder; provided that nothing herein shall relieve any Party from liability for any breach of
this Agreement occurring prior to such termination or any obligation set forth in Section 9.2(a)
above.

 

Article 10 Dispute Resolution

10.1    Any unresolved dispute, controversy, or claim arising out of or relating to this
Agreement, or the breach, termination or validity hereof, shall be submitted to CIETA for
arbitration in Shanghai in accordance with its then effective arbitration rules. The arbitration
proceedings shall be conducted, and the award shall be rendered, in the English language.

 

10.2   There shall be three (3) arbitrators, including one (1) appointed by Focus Media and one
(1) appointed by all the Purchasers. The third arbitrator, who shall be the presiding arbitrator,
shall be appointed by CIETAC in accordance with its rules.

10.3   The arbitral award will be final and binding upon the Parties, and will be the sole and
exclusive remedy between the Parties regarding any claims, counterclaims, issues, or accounting
presented to the arbitral tribunal. The award may be used as a basis for a writ of execution,
judgment or other decree for execution and may be enforced in the PRC, Hong Kong, or elsewhere in
any court or other governing body having jurisdiction.

 

10.4   During the arbitration proceedings, each Party shall bear its own costs and expenses
incident to the arbitration. Unless otherwise determined by the arbitrators, the losing party shall
bear the costs and expenses of the arbitration panel and the costs and expenses (including
reasonable attorney’s fees) of the prevailing party.

 

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Execution Version

10.5   Any monetary award will be made and promptly payable in US Dollars net of any tax,
deduction or offset, and the arbitral tribunal will be authorized in its discretion to grant
pre-award and post-award interest at commercial rates. Any costs, fees, or taxes incident to
enforcing the award will, to the maximum extent permitted by law, be charged against the party
resisting such enforcement.

 

10.6   
This Agreement and the rights and obligations of the Parties hereunder will remain in
full force and effect pending the award in any arbitration proceeding hereunder.

 

Article 11 General Provisions

11.1   Governing Law. This Agreement shall be governed by and construed exclusively in
accordance with the laws of Hong Kong.

 

11.2   Confidentiality. Unless otherwise agreed to in writing by the Parties, none of
the Parties shall, directly or indirectly, disclose, or permit the disclosure of, to any third
Person (i) the existence or content of this Agreement or of discussions regarding the transactions
contemplated hereunder, (ii) any of the terms, conditions or other aspects of the transactions
contemplated hereunder, or (iii) the status of performance of this Agreement, except (a) to
advisors, agents, shareholders, limited partners, directors or officers of the relevant Party, (b)
to financial institutions and banks whose consent or financing will be obtained for the transaction
contemplated hereby, (c) for Focus Media’s disclosure to the optionees under the Allyes Option
Program for the purpose of the cancellation of the program as contemplated hereunder, (d) as may be
compelled in a judicial or administrative proceeding or as otherwise required by law, and (e) as
may be required by governmental or regulatory authorities or stock exchanges or agencies that have
jurisdiction over a Party (or its parent company) or the transaction contemplated hereby.

 

11.3   Survival. The representations, warranties and covenants made herein shall
survive any investigation made by any Party hereto and the Closing.

 

11.4   Successors and Assigns. Except as otherwise specifically provided herein, this
Agreement shall bind and inure to the benefit of each Party’s respective successors and permitted
assigns; provided that no Party shall have any right to assign any of its rights hereunder or any
interest herein without obtaining the written consent of the other Parties hereto to such
assignment, and any purported assignment made without obtaining such written consent shall be null
and void.

 

11.5   Entire Agreement. This Agreement, and the schedules hereto, which are hereby
expressly incorporated herein by this reference, constitute the entire understanding and agreement
between the Parties with regard to the subject.

 

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11.6   Notices. All notices under this Agreement shall be given in writing and shall be
deemed to have been given upon delivery if delivered by hand or air courier, upon confirmed receipt
if sent by facsimile transmission, or on the third (3rd) Business Day after mailing if
sent by air mail, certified or registered mail, return receipt requested and postage prepaid, in
each case to the address set forth below (or to such other address or addressee as a Party may
specify by notice given hereunder);

(a)     If to Focus Media

 

Focus Media Holding Limited

Jason Jiang,

28-30F Zhaofeng World Trade Building, 369 Jiangsu Road, Changning District,

Shanghai, China, 200050

(b)     If to Topnoch

 

Topnoch Investments Holdings Limited

Jason Jiang,

28-30F Zhaofeng World Trade Building, 369 Jiangsu Road, Changning District,

Shanghai, China, 200050

(c)     If to Bronco Venture

 

Bronco Venture Limited

(d)     If to Unidex Holdings

 

Unidex Holdings Limited

(e)     If to Kit Leong Low

 

Kit Leong Low

10

 

Execution Version

(f)  If to Perfect Crown

Perfect Crown Investments Limited

Anny Luo,

21/F, Cloud Nine Plaza 1018 Changning Road, Shanghai 200042, PRC

(g)  If to Advantage Enterprise

 

Advantage Enterprise Holdings Limited

Anny Luo,

21/F, Cloud Nine Plaza 1018 Changning Road, Shanghai 200042, PRC

(h)  If to JJZ

 

JJZ Investment Limited

Peizhen Shao,

Room 2904, No.1 Building, South Xizang Road, Huangpu District,

Shanghai, China, 200011

11.7   Severability. Any provision of this Agreement that is prohibited or
unenforceable in any jurisdiction shall, as to such jurisdiction, be ineffective to the extent of
such prohibition or unenforceability without invalidating the remaining provisions hereof, and any
such prohibition or unenforceability in any jurisdiction shall (to the full extent permitted by
law) not invalidate or render unenforceable such provision in any other jurisdiction.

 

11.8   Amendments. Any term of this Agreement may be amended only with the written
consent of all the Parties hereto.

 

11.9   Finder’s Fees. Each Party hereto (a) represents and warrants to each other Party
hereto that it has retained no finder or broker in connection with the transactions contemplated
under this Agreement, and (b) hereby agrees to indemnify and to hold harmless such other Parties
hereto from and against any liability for any commission or compensation in the nature of a
finder’s fee of any broker or other person or firm (and the costs and expenses of defending against
such liability or asserted liability) for which the indemnifying party or any of its employees or
representatives are responsible.

 

11.10  Interpretation; Titles and Subtitles. This Agreement shall be construed
according to its fair language. The rule of construction to the effect that ambiguities are to be
resolved against the drafting party shall not be employed in interpreting this Agreement. The
titles of the sections and subsections of this Agreement are for convenience of reference only and
are not to be considered in construing this Agreement.

 

11

 

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11.11  Counterparts. 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. Each
counterpart may consist of a number of copies hereof, each signed by less than all, but together
signed by all, of the Parties hereto.

 

11.12
 Taxes and Expenses. Unless otherwise expressly provided in this Agreement, each
Party hereto shall bear and be responsible for the payment of all taxes, government charges, costs
and expenses it incurs in relation to the discussion, conclusion, delivery and performance of this
Agreement.

 

[Remainder of this page has been intentionally left blank]

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Execution Version

In Witness Whereof, the
Parties hereto have caused this Shares Purchase and Sales Agreement to be duly executed and
delivered as of the day and year first above written.

	 	 	 	 	 

	Focus Media Holding Limited	 	 
	 
	 	 	 	 
	By: 

Name:

	 	/s/ Jason Jiang
 

Jason Jiang 
	 	 
	Title:

	 	Authorized Representative	 	 
	 
	 	 	 	 
	Topnoch Investments Holdings Limited	 	 
	 
	 	 	 	 
	By: 

Name:

	 	/s/ Jason Jiang
 

Jason Jiang 
	 	 
	Title:

	 	Authorized Representative	 	 

13

 

Execution Version

	 	 	 	 	 

	Bronco Venture Limited	 	 
	 
	 	 	 	 
	By: 

Name:

	 	/s/
 

	 	 
	Title:

	 	Authorized Representative	 	 
	 
	 	 	 	 
	Unidex Holdings Limited	 	 
	 
	 	 	 	 
	By: 

Name:

	 	/s/
 

	 	 
	Title:

	 	Authorized Representative	 	 

14

 

Execution Version

	 	 	 	 	 

	Kit Leong Low	 	 
	 
	 	 	 	 
	/w/ Kit Leong Low
 

	 	 

15

 

Execution Version

	 	 	 	 	 
	Perfect Crown Investments Limited	 	 
	 
	 	 	 	 
	By: 

Name:

	 	/s/ Jingbo Wang
 

Jingbo Wang
	 	 
	Title:

	 	Authorized Representative	 	 
	 
	 	 	 	 
	Advantage Enterprise Holdings Limited	 	 
	 
	 	 	 	 
	By: 

Name:

	 	/s/ Jingbo Wang
 

Jingbo Wang
	 	 
	Title:

	 	Authorized Representative	 	 
	 
	 	 	 	 

16

 

Execution Version

	 	 	 	 	 
	JJZ Investment Limited	 	 
	 
	 	 	 	 
	By: 

Name:

	 	/s/ James Jian Zhang
 

James Jian Zhang
	 	 
	Title:

	 	Authorized Representative	 	 

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Execution Version

Schedule 1 Schedule of Transferred Shares

	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	Price per
	Purchasers	 	Transferred Shares	 	Purchase Price	 	Share
	Topnoch
	 	14,765,000 Ordinary Shares	 	US$	4,728,491.25	 	 	US$	0.32025	 
	Bronco Venture
	 	2,000,000 Ordinary Shares	 	US$	640,500.00	 	 	US$	0.32025	 
	Unidex Holdings
	 	1,000,000 Ordinary Shares	 	US$	320,250.00	 	 	US$	0.32025	 
	Kit Leong Low
	 	3,000,000 Ordinary Shares	 	US$	960,750.00	 	 	US$	0.32025	 
	Perfect Crown
	 	4,371,600 Ordinary Shares	 	US$	1,400,004.90	 	 	US$	0.32025	 
	Advantage Enterprise
	 	6,229,500 Ordinary Shares	 	US$	1,994,997.38	 	 	US$	0.32025	 
	JJZ
	 	874,300 Ordinary Shares	 	US$	279,994.58	 	 	US$	0.32025	 

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Execution Version

Schedule 2

Shareholding Structure of the Company Immediately after the Closing

	 	 	 	 	 	 	 
	Shareholders	 	Transferred Shares	 	Shareholding Percentage
	Focus Media
	 	67,759,600 Ordinary Shares	 	 	67.7596	%
	Topnoch
	 	14,765,000 Ordinary Shares	 	 	14.7650	%
	Bronco Venture
	 	2,000,000 Ordinary Shares	 	 	2.0000	%
	Unidex Holdings
	 	1,000,000 Ordinary Shares	 	 	1.0000	%
	Kit Leong Low
	 	3,000,000 Ordinary Shares	 	 	3.0000	%
	Perfect Crown
	 	4,371,600 Ordinary Shares	 	 	4.3716	%
	Advantage Enterprise
	 	6,229,500 Ordinary Shares	 	 	6.2295	%
	JJZ
	 	874,300 Ordinary Shares	 	 	0.8743	%
	Total
	 	100,000,000 Ordinary Shares	 	 	100	%

19

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