Common use of Exercise Price and Payment Clause in Contracts

Exercise Price and Payment. When the Equity Interest Buyer decides to exercise its Equity Interest Call Option pursuant to this Agreement, the exercise price shall be the nominal price, provided that it is the minimum price to the satisfaction of the price requirement otherwise provided by the relevant governmental authority or the PRC Laws. Nevertheless, subject to the provisions and requirements of then PRC Laws, all of the payment of the price made by the Equity Interest Buyer to Party B or Party C shall be returned to Party A or a third party designated by it. After necessary tax deduction and withholding is made for the payment from the transfer of the equity interests (hereinafter “Transfer Payment”), Party A shall duly transfer the Transfer Payment to the account designated by Party B or Party C within seven (7) days after the Optioned Equity Interests are duly transferred to Party A, and Party B or Party C shall return such Transfer Payment to the account designated by Party A within three (3) working days of receipt of the aforesaid Transfer Payment.