EX-10.87 43 h00523exv10w87.txt EX-10.87 EXHIBIT 10.87 Shareholder's Voting Rights Proxy Agreement-Participation Letter of Shenzhen E-Time ACKNOWLEDGEMENT LETTER FOR PARTICIPATION OF SHAREHOLDERS' VOTING RIGHTS PROXY AGREEMENT JIMMY WEI YU (Identity Card Number: 310106731015081) and JASON NANCHUN JIANG (Identity Card Number: 310109730305521) (hereinafter the "PARTICIPATING SHAREHOLDER"), and SHENZHEN E-TIME COMMERCIAL CONSULTING CO., LTD. (registered address: Room 802, Zhongdian Information Building, No. 1 Xinwen Road, Futian District, Shenzhen) (hereinafter the "PARTICIPATED TARGET COMPANY"), as independent party, hereby agree to participate in the Shareholders' Voting Rights Proxy Agreement among Focus Media Technology (Shanghai) Co., Ltd. (hereinafter "FOCUS MEDIA TECHNOLOGY"), Shanghai Focus Media Advertisement Co., Ltd. and other relevant parties (hereinafter the "PROXY AGREEMENT") dated March 28 2005. Participating Shareholder and Participated Target Company agree to entrust the Trustees designated by Focus Media Technology to exercise the voting rights in Participated Target Company in respect of 100% of the equity interest in the registered capital of Participated Target Company held by the Participating Shareholder as of the date of this Acknowledgement Letter, on behalf of Participating Shareholder. Once this Acknowledgement Letter is executed by the Participating Shareholder and Participated Target Company, Participating Shareholder and Participated Target Company shall be deemed to have made the same undertakings and warranties with those of the Shareholders and Target Companies under the Proxy Agreement (to the extent that is related and applicable to Participating Shareholder and Participated Target Company), agreed to respectively perform the obligations of the Shareholders and Target Companies stipulated in the Proxy Agreement (to the extent that is related and applicable to Participating Shareholder and Participated Target Company), and acknowledged the rights and obligations of the Parties under the Proxy Agreement. Shareholder's Voting Rights Proxy Agreement-Participation Letter of Shenzhen E-Time [EXECUTION PAGE] JIMMY WEI YU Signature by : /s/ Jimmy Wei Yu ------------------------- Date: May 22, 2006 JASON NANCHUN JIANG Signature by : /s/ Jason Nanchun Jiang -------------------------------- Date: May 22, 2006 SHENZHEN E-TIME COMMERCIAL CONSULTING CO., LTD. (Company chop) Signature by: /s/ Jason Nanchun Jiang -------------------------------- Name: Jason Nanchun Jiang Position: Legal Representative Date: May 22, 2006 FOCUS MEDIA TECHNOLOGY (SHANGHAI) CO., LTD. (Company chop) Signature by: /s/ Jason Nanchun Jiang -------------------------------- Name: Jason Nanchun Jiang Position: Legal Representative Date: May 22, 2006