Common use of ASSET CALL OPTION Clause in Contracts

ASSET CALL OPTION. Focus Media Advertisement and the Personal Shareholders hereby further undertake to grant Focus Media Technology irrevocably an option to purchase assets within the term of this Agreement: to the extent not violating the mandatory requirements under PRC Law, Focus Media Advertisement will transfer all of its assets and liabilities to Focus Media Technology and/or other entity or individual designated by it at the price equivalent to the registered capital of Focus Media Advertisement (including any expanded registered capital as the result of any capital increase within the term of this Agreement.) when required by Focus Media Technology; Focus Media Technology shall also have the right to elect to purchase part of the assets/liabilities of Focus Media Advertisement, under which circumstance the Transfer Price shall be calculated on a prorata basis accordingly.