Board Resolution. Notwithstanding Section 3.1 above, concurrently with the execution and delivery of this Agreement, and from time to time upon the request of the WFOE, the Grantor shall execute and deliver one or more resolutions of the board of directors and/or shareholders of the VIE Company, approving the following: 3.2.1 The transfer by the Grantor of all or part of the Equity Interest held by the Grantor to the WFOE or its designated party; and 3.2.2 any other matters as the WFOE may reasonably request. Each Resolution is to be kept in the WFOE’s possession.
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Samples: Equity Option Agreement (Kaixin Auto Holdings), Equity Option Agreement (Kaixin Auto Holdings), Equity Option Agreement (Renren Inc.)
Board Resolution. Notwithstanding
Notwithstanding Section 3.1 above, concurrently with the execution and delivery of this Agreement, and from time to time upon the request of the WFOE, the Grantor shall execute and deliver one or more resolutions of the board of directors and/or shareholders of the VIE Company, approving the following:
3.2.1 The transfer by the Grantor of all or part of the Equity Interest held by the Grantor to the WFOE or its designated party; and
3.2.2 any other matters as the WFOE may reasonably request. Each Resolution is to be kept in the WFOE’s possession.
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