Common use of Grant of Call Option Clause in Contracts

Grant of Call Option. 2.1 Party A agree that the Shareholders and the Target Company exclusively grant hereby irrevocably and without any additional conditions with an Equity Call Option and an Asset Call Option (hereinafter collectively the "CALL OPTION") , under which Chengdu Qilian Trading shall have the right to require the Shareholders to transfer the Option Equity, or the Target Company to transfer the Transferred Asset to Chengdu Qilian Trading or its designated entity or individual in such method as set out herein and as permitted by PRC Law. Chengdu Qilian Trading also agrees to accept such Call Option. 2.2 In case of Chengdu Qilian Trading exercising the call option in its sole discretion upon the occurrence of the situation in which such call option exercise become feasible under the relevant laws in PRC, any additional consideration paid other than the $1.00 which may be required under the laws of China to effect such purchase to comply with such legal formalities shall be either canceled or returned to Chengdu Qilian Trading immediately with no additional compensation to Party A or the Target Company. Party A and the Target Company hereby acknowledge the purpose of such provisions and hereby agrees and authorizes Chengdu Qilian Trading to take any and all actions to effect such transaction and agrees irrevocably to execute any and all documents and instruments and authorize Chengdu Qilian Trading's relevant officers to sign on his or her behalf and hereby gives Chengdu Qilian Trading and any of its relevant officers a proxy to execute and deliver such documents and instruments to effect the purpose of this provision and hereby waives any defense or claim of causes of action to challenge or defeat this provision.

Grant of Call Option. 2.1 Party A The Parties agree that the Shareholders and the Target Company exclusively grant gxxxx Xxxxxxxx Shenyang hereby irrevocably and without any additional conditions with an Equity Call Option and an Asset Call Option (hereinafter collectively the "CALL OPTION") , under which Chengdu Qilian Trading Yuezhong Shenyang shall have the right to require the Shareholders to transfer the Option Equity, or the Target Company to transfer the Transferred Asset to Chengdu Qilian Trading Yuezhong Shenyang or its designated entity or individual in such method as set out herein and as permitted by PRC Law. Chengdu Qilian Trading Yuezhong Shenyang also agrees to accept such Call Option. 2.2 In case of Chengdu Qilian Trading Yuezhong Shenyang exercising the call option in its sole discretion upon the occurrence of the situation in which such call option exercise become feasible under the relevant laws in PRC, any additional consideration paid other than the $1.00 which may be required under the laws of China to effect such purchase to comply with such legal formalities shall be either canceled or returned to Chengdu Qilian Trading Yuezhong Shenyang immediately with no additional compensation to Party A the Shareholders or the Target Company. Party A The Shareholders and the Target Company hereby acknowledge the purpose of such provisions and hereby agrees and authorizes Chengdu Qilian Trading Yuezhong Shenyang to take any and all actions to effect such transaction and agrees irrevocably to execute any and all documents and instruments and authorize Chengdu Qilian TradingYuezhong Shenyang's relevant officers to sign on his or her behalf and hereby gives Chengdu Qilian Trading Yuezhong Shenyang and any of its relevant officers a proxy to execute and deliver such documents and instruments to effect the purpose of this provision and hereby waives any defense or claim of causes of action to challenge or defeat this provision.

Grant of Call Option. 2.1 Party A The Parties agree that the Shareholders and the Target Company exclusively grant Hangzhou MYL Consulting hereby irrevocably and without any additional conditions with an Equity a Call Option and an Asset Call Option (hereinafter collectively the "CALL OPTION") Option, under which Chengdu Qilian Trading Hangzhou MYL Consulting shall have the right to require the Shareholders to transfer the Option Equity, or the Target Company Equity to transfer the Transferred Asset to Chengdu Qilian Trading Hangzhou MYL Consulting or its designated entity or individual in such method as set out herein and as permitted by PRC Law. Chengdu Qilian Trading Hangzhou MYL Consulting also agrees to accept such Call Option. 2.2 In . in case of Chengdu Qilian Trading Hangzhou MYL Consulting exercising the call option in its sole discretion upon the occurrence of the situation in which such call option exercise become feasible under the relevant laws in PRC, any additional consideration paid other than the $1.00 which may be required under the laws of China to effect such purchase to comply with such legal formalities shall be either canceled cancelled or returned to Chengdu Qilian Trading the company immediately with no additional compensation to Party A or the Target CompanyHANGZHOU MYL COMMERCIAL and Shareholders. Party A HANGZHOU MYL COMMERCIAL and the Target Company Shareholders hereby acknowledge the purpose of such provisions and hereby agrees and authorizes Chengdu Qilian Trading the company to take any and all actions to effect such transaction and agrees irrevocably to execute any and all documents and instruments and authorize Chengdu Qilian Tradingthe company's relevant officers to sign on his or her behalf and hereby gives Chengdu Qilian Trading the company and any of its relevant officers a proxy to execute and deliver such documents and instruments to effect the purpose of this provision and hereby waives any defense or claim of causes of action to challenge or defeat this provision.