ASSET CALL OPTION Clause Samples

ASSET CALL OPTION. BEZL and the Shareholder hereby further undertake to grant CETL irrevocably an option to purchase assets within the term of this Agreement: to the extent not violating the mandatory requirements under Laws of China, BEZL will transfer all of its assets and liabilities to CETL and/or other entity or individual designated by it when required by CETL.

ASSET CALL OPTION. YUZHI and the Personal Shareholders hereby further undertake to grant YIGO irrevocably an option to purchase assets within the term of this Agreement: to the extent not violating the mandatory requirements under PRC Law, YUZHI will transfer all of its assets and liabilities to YIGO and/or other entity or individual designated by it when required by YIGO. In case of the YIGO exercising the Asset Call Option in its sole discretion upon the occurrence of the situation in which such call option exercise become feasible under the relevant laws in PRC, any additional consideration paid other than the $1.00 which may be required under the laws of China to effect such purchase to comply with such legal formalities shall be either cancelled or returned to the company immediately with no additional compensation to the YUZHI and Shareholders. YUZHI and Shareholders hereby acknowledge the purpose of such provisions and hereby agrees and authorizes the company to take any and all actions to effect such transaction and agrees irrevocably to execute any and all documents and instruments and authorize the company's relevant officers to sign on his or her behalf and hereby gives the company and any of its relevant officers a proxy to execute and deliver such documents and instruments to effect the purpose of this provision and hereby waives any defense or claim of causes of action to challenge or defeat this provision.

ASSET CALL OPTION. SHESAYS and the Personal Shareholders hereby further undertake to ▇▇▇▇▇ ▇▇▇▇ irrevocably an option to purchase assets within the term of this Agreement: to the extent not violating the mandatory requirements under PRC Law, SHESAYS will transfer all of its assets and liabilities to ▇▇▇▇ and/or other entity or individual designated by it when required by ▇▇▇▇. In case of the ▇▇▇▇ exercising the Asset Call Option in its sole discretion upon the occurrence of the situation in which such call option exercise become feasible under the relevant laws in PRC, any additional consideration paid other than the $1.00 which may be required under the laws of China to effect such purchase to comply with such legal formalities shall be either cancelled or returned to ▇▇▇▇ immediately with no additional compensation to the SHESAYS and Shareholders. SHESAYS and Shareholders hereby acknowledge the purpose of such provisions and hereby agrees and authorizes the company to take any and all actions to effect such transaction and agrees irrevocably to execute any and all documents and instruments and authorize the company's relevant officers to sign on his or her behalf and hereby gives the company and any of its relevant officers a proxy to execute and deliver such documents and instruments to effect the purpose of this provision and hereby waives any defense or claim of causes of action to challenge or defeat this provision.

ASSET CALL OPTION. DSBT and the Shareholder hereby further undertake to grant DSHK irrevocably an option to purchase assets within the term of this Agreement: to the extent not violating the mandatory requirements under Laws of Malaysia, DSBT will transfer all of its assets and liabilities to DSHK and/or other entity or individual designated by it when required by DSHK. In case of the DSHK exercising the Asset Call Option in its sole discretion upon the occurrence of the situation in which such call option exercise become feasible under the relevant laws in Malaysia, any additional consideration paid other than the MYR 1.00 which may be required under the laws of Malaysia to effect such purchase to comply with such legal formalities shall be either cancelled or returned to the company immediately with no additional compensation to the DSBT and Shareholder. DSBT and Shareholder hereby acknowledge the purpose of such provisions and hereby agree and authorize the company to take any and all actions to effect such transaction and agrees irrevocably to execute any and all documents and instruments and authorize the company’s relevant officers to sign on his or her behalf and hereby gives the company and any of its relevant officers a proxy to execute and deliver such documents and instruments to effect the purpose of this provision and hereby waives any defense or claim of causes of action to challenge or defeat this provision.

ASSET CALL OPTION. ASIA TIME and the Personal Shareholders hereby further undertake to grant HUAYA irrevocably an option to purchase assets within the term of this Agreement: to the extent not violating the mandatory requirements under PRC Law, ASIA TIME will transfer all of its assets and liabilities to HUAYA and/or other entity or individual designated by it when required by HUAYA.

ASSET CALL OPTION. JYBL and the Shareholder hereby further undertake to grant YIBL irrevocably an option to purchase assets within the term of this Agreement: to the extent not violating the mandatory requirements under Laws of China, JYBL will transfer all of its assets and liabilities to YIBL and/or other entity or individual designated by it when required by YIBL.

ASSET CALL OPTION. HEZL and the Shareholder hereby further undertake to grant CETL irrevocably an option to purchase assets within the term of this Agreement: to the extent not violating the mandatory requirements under Laws of China, HEZL will transfer all of its assets and liabilities to CETL and/or other entity or individual designated by it when required by CETL.

ASSET CALL OPTION. HANGZHOU MYL COMMERCIAL and the Personal Shareholders hereby further undertake to grant Hangzhou MYL Consulting irrevocably an option to purchase assets within the term of this Agreement: to the extent not violating the mandatory requirements under PRC Law, HANGZHOU MYL COMMERCIAL will transfer all of its assets and liabilities to Hangzhou MYL Consulting and/or other entity or individual designated by it when required by Hangzhou MYL Consulting. In case of the Hangzhou MYL Consulting exercising the Asset Call Option in its sole discretion upon the occurrence of the situation in which such call option exercise become feasible under the relevant laws in PRC, any additional consideration paid other than the $1.00 which may be required under the laws of China to effect such purchase to comply with such legal formalities shall be either cancelled or returned to the company immediately with no additional compensation to the HANGZHOU MYL COMMERCIAL and Shareholders. HANGZHOU MYL COMMERCIAL and Shareholders hereby acknowledge the purpose of such provisions and hereby agrees and authorizes the company to take any and all actions to effect such transaction and agrees irrevocably to execute any and all documents and instruments and authorize the company's relevant officers to sign on his or her behalf and hereby gives the company and any of its relevant officers a proxy to execute and deliver such documents and instruments to effect the purpose of this provision and hereby waives any defense or claim of causes of action to challenge or defeat this provision.