Common use of ESOP Clause in Contracts

ESOP. (i) After the Closing, the Company shall have reserved a total of 19,445,106 Class A Ordinary Shares, representing approximately 7.6% of the Company’s issued share capital immediately after the Closing (on a fully diluted and as-converted basis), for issuance of share options pursuant to the terms and conditions under the employee share option plan (the “ESOP”) to be approved by the Board (including the affirmative vote of the Majority Preferred Directors).

ESOP. (i) After the Closing, the The Company shall have has reserved a total of 19,445,106 Class A up to 17,647,058 Ordinary Shares, representing approximately 7.6up to 15% of the Company’s issued share capital immediately after the Closing (on a fully diluted basis) prior to the Closing and as-converted 12.6316% of the Company’s issued share capital (on a fully diluted basis)) immediately after the Closing, for issuance of pursuant to share options pursuant to the terms and conditions granted under the Company’s employee share option plan (the “ESOP”) to be approved adopted by the Board (including the affirmative vote of the Majority Company. Series A Preferred Directors).Share Subscription Agreement

ESOP. (i) After the Closing, the The Company shall have has reserved a total of 19,445,106 Class A up to 17,647,058 Ordinary Shares, representing approximately 7.6up to 15% of the Company’s issued share capital immediately after the Closing (on a fully diluted basis) prior to the Closing and as-converted 12.6316% of the Company’s issued share capital (on a fully diluted basis)) immediately after the Closing, for issuance of pursuant to share options pursuant to the terms and conditions granted under the Company’s employee share option plan (the “ESOP”) to be approved adopted by the Board (including the affirmative vote of the Majority Company. 15 Series A Preferred Directors).Share Subscription Agreement