Common use of Equity Transfer Clause in Contracts

Equity Transfer. When Party A exercises the option by Party A in each time, within ten business days upon receipt of the exercise notice issued by Party A in accordance with Article 2.4 hereof: (1) The Grantors shall cause Party C to convene a shareholders’ meeting and adopt a shareholders’ resolution at the meeting which authorizes the Grantors to transfer the equity to Party A and/or its designated third party; (2) The Grantors shall sign a transfer agreement with Party A (or its designated third party, if applicable) in the substantial form of the equity transfer agreement as listed in Appendix A attached to; (3) The parties in Party B shall execute all other required contracts, agreements or documents, obtain all required government approvals and consents and take all required actions, transfer the valid ownership of the acquired equity to Party A and/or its designated third party without attachment of any security, make Party A and/or its designated third party become the registered owner of the acquired equity, and provide Party A or its designated third party with the new business license, articles of association, approval certificate (if applicable) and other relevant documents issued by or registered with the relevant authority of China, which shall embody the change of Party C’s equity, directors and legal representative, etc.

Equity Transfer. When Party A exercises the option by Party A in each time, within ten business days upon receipt of the exercise notice issued by Party A in accordance with Article 2.4 hereof: (1) The Grantors shall cause Party C to convene a shareholders’ meeting and adopt a shareholders’ resolution at the meeting which authorizes the Grantors to transfer the equity to Party A and/or its designated third party; (2) The Grantors shall sign a transfer agreement with Party A (or its designated third party, if applicable) in the substantial form of the equity transfer agreement as listed in Appendix A attached to; (3) The parties in Party B shall execute all other required contractsAgreements, agreements or documents, obtain all required government approvals and consents and take all required actions, transfer the valid ownership of the acquired equity to Party A and/or its designated third party without attachment of any security, make Party A and/or its designated third party become the registered owner of the acquired equity, and provide Party A or its designated third party with the new business license, articles of association, approval certificate (if applicable) and other relevant documents issued by or registered with the relevant authority of China, which shall embody the change of Party C’s equity, directors and legal representative, etc.