Common use of Equity Transfer Clause in Contracts

Equity Transfer. 1.1 Party C agrees to transfer the Relevant Equity to Party A and Party A agrees to acquire this transfer. After the closing of the transfer, Party A is to hold a [ ]% equity stake in Party B. 1.2 As the consideration for the equity transfer, Party A shall pay Party C RMB . pursuant to Article 2. 1.3 Party C approves the Equity Transfer stipulated in this article, and is willing to urge the other shareholders of Party B (other than Party C) to execute the necessary documents including resolutions of shareholders meeting and documents waiving their right of first refusal to the Relevant Equity and to provide assistance in handling other formalities necessary for the Equity Transfer. 1.4 Party C and Party B shall jointly and separately take all actions necessary for realization of the transfer of the equity from Party C to Party A, including but not limited to execution of this Agreement, adoption of resolutions of shareholders meeting, modification of by-law, and shall, within ten business days from the date on which Party A send the notification on exercising of option pursuant to the provisions made in the Equity Disposal Agreement, finish all formalities for government approval and registration with administration for industry and commerce, so as to enable Party A to become the registered holder of such equity.

Equity Transfer. 1.1 Each of Party C B agrees to transfer the Relevant Equity Equities to Party A A, and Party A agrees to acquire this accept such transfer. After the closing Upon completion of the such transfer, Party A is to hold a [ ]will own 100% equity stake in Party B.Equities. 1.2 As the consideration for the equity transferEquity Transfer, Party A shall pay Party C RMB . pursuant to Article 2B RMB[*] in accordance with Clause 2 hereof. 1.3 Each of Party C approves B agrees the Equity Transfer stipulated in transfer of Equities under this articleClause, and is willing to urge the cause other shareholders of Party B (other than Party C) C to execute the necessary documents (including resolutions of shareholders meeting shareholders’ resolution, and documents letter or instrument for waiving their any preemptive right or right of first refusal to in connection with the Relevant Equity relevant Equity) and to provide assistance assist in handling handing other formalities procedures necessary for the Equity Transfer. 1.4 Party C B and Party B C shall jointly and separately severally take all such actions as may be necessary for realization of to effect the transfer of the equity Equities from Party C B to Party A, including but not limited to execution executing this Agreement and adopting shareholders’ resolution and amendment to the articles of this Agreement, adoption of resolutions of shareholders meeting, modification of by-lawassociation, and shall, within ten (10) business days from after Party A’s delivery of exercise notice as specified in the date on which Exclusive Call Option Agreement, complete all such procedures for governmental approvals or filings with competent administration of industry and commerce as may be required to be completed in connection with the registration of Party A send as the notification on exercising of option pursuant to the provisions made in the Equity Disposal Agreement, finish all formalities for government approval and registration with administration for industry and commerce, so as to enable Party A to become the registered recorded holder of such equityEquities.

Equity Transfer. 1.1 Each of Party C B agrees to transfer the Relevant Equity Equities to Party A A, and Party A agrees to acquire this accept such transfer. After the closing Upon completion of the such transfer, Party A is to hold a [ ]will own 100% equity stake in Party B.Equities. 1.2 As the consideration for the equity transferEquity Transfer, Party A shall pay Party C RMB . pursuant to Article 2B RMB[*] in accordance with Clause 2 hereof. 1.3 Each of Party C approves B agrees the Equity Transfer stipulated in transfer of Equities under this articleClause, and is willing to urge the cause other shareholders of Party B (other than Party C) C to execute the necessary documents (including resolutions of shareholders meeting shareholders’ resolution, and documents letter or instrument for waiving their any preemptive right or right of first refusal to in connection with the Relevant Equity relevant Equity) and to provide assistance assist in handling handing other formalities procedures necessary for the Equity Transfer. 1.4 Party C B and Party B C shall jointly and separately severally take all such actions as may be necessary for realization of to effect the transfer of the equity Equities from Party C B to Party A, including but not limited to execution executing this Agreement and adopting shareholders’ resolution and amendment to the articles of this Agreement, adoption of resolutions of shareholders meeting, modification of by-lawassociation, and shall, within ten (10) business days from after Party A’s delivery of exercise notice as specified in the date on which Exclusive Option Agreement, complete all such procedures for governmental approvals or filings with competent administration of industry and commerce as may be required to be completed in connection with the registration of Party A send as the notification on exercising of option pursuant to the provisions made in the Equity Disposal Agreement, finish all formalities for government approval and registration with administration for industry and commerce, so as to enable Party A to become the registered recorded holder of such equityEquities.