Common use of Covenants of the Grantor Clause in Contracts

Covenants of the Grantor. The Grantor agrees that, prior to the termination of this Agreement, the Grantor will not transfer, sell, or assign to any other Person, or otherwise dispose of, pledge, encumber, or suffer any Encumbrance upon, any shares of capital stock of Xiangrui which the Grantor owns, including the Option Shares. The Grantor further agrees that, prior to the termination of this Agreement, the Grantor will not, without the prior written approval of the Optionee, vote (in person, by proxy or by action by written consent, as applicable) any of the Option Shares in favor of, or to adopt or approve any of the following actions with regard to Xiangrui or any direct or indirect subsidiary or affiliate of Xiangrui (referred to individually and collectively as the “Company”):