Common use of Exercise of the Proxy Rights Clause in Contracts

Exercise of the Proxy Rights. 3.1 The Existing Shareholders shall provide the Proxies with sufficient assistance in exercising the Proxy Rights, including signature of shareholders’ resolutions or any other legal documents made by Proxies as with the Company in a timely manner when necessary (for example, for the purpose of meeting the reporting documents required for approval, registration or filing by any government bodies). 3.2 If at any time within the valid period of the Agreement, the granting or the exercising of the Proxy Rights hereunder cannot be achieved for any reasons (other than any breach of the Existing Shareholders or the Company), the Parties shall immediately seek for the alternative solution most similar to the unachievable provision, and sign a supplementary agreement to amend or to adjust the terms of the Agreement when necessary, thus to ensure the continuous realization of the purpose hereof.