Common use of Exercise Steps Clause in Contracts

Exercise Steps. The exercise of the Equity Purchase Right by Party A shall be subject to compliance with the laws and regulations of China. When exercising the Equity Purchase Right, Party A shall give Party B a written notice (the Notice of Equity Purchase), which shall specify: (a) Party A’s decision on exercising the Equity Purchase Right; (b) the equity shares to be purchased by Party A from Party B (the Purchased Equity); and (c) the purchase date /transfer date of the Purchased Equity.