Common use of Grant of Call Option Clause in Contracts

Grant of Call Option. 2.1 Party B hereby irrevocably and exclusively grant Party A the Call Option, the right that allows Party A and any third party designated by Party A to subscribe for all or part of the equity interest held by Party B in Beijing Le’An. 2.2 To the extent permitted by the laws of China, Party A and/or any third party designated by Party A shall have the right to exercise the Call Option at any time during the term of this Agreement, to obtain necessary government approvals and complete required registration procedures (if required, including the evaluation procedures), and to obtain and maintain the Equity in Beijing Le’An. Party A and/or any third party designated by Party A shall become the lawful holder of the Equity in Beijing Le’An, and shall have the right to obtain all shareholder rights according to its shareholding ratio. 2.3 Without Party A’s written consent, Party B shall not grant to any third party any rights, senior to or on a parity with Call Option.

Grant of Call Option. 2.1 Party B hereby irrevocably and exclusively grant Party A the Call Option, the right that allows Party A and any third party designated by Party A to subscribe for all or part of the equity interest held by Party B in Beijing Le’AnShida Ambow. 2.2 To the extent permitted by the laws of China, Party A and/or any third party designated by Party A shall have the right to exercise the Call Option at any time during the term of this Agreement, to obtain necessary government approvals and complete required registration procedures (if required, including the evaluation procedures), and to obtain and maintain the Equity in Beijing Le’AnShida Ambow. Party A and/or any third party designated by Party A shall become the lawful holder of the Equity in Beijing Le’AnShida Ambow, and shall have the right to obtain all shareholder rights according to its shareholding ratio. 2.3 Without Party A’s written consent, Party B shall not grant to any third party any rights, senior to or on a parity with Call Option.

Grant of Call Option. 2.1 Party B hereby irrevocably and exclusively grant Party A the Call Option, the right that allows Party A and any third party designated by Party A to subscribe for all or part of the equity interest held by Party B in Beijing Le’AnOOOK. 2.2 To the extent permitted by the laws of China, Party A and/or any third party designated by Party A shall have the right to exercise the Call Option at any time during the term of this Agreement, to obtain necessary government approvals and complete required registration procedures (if required, including the evaluation procedures), and to obtain and maintain the Equity in Beijing Le’AnOOOK. Party A and/or any third party designated by Party A shall become the lawful holder of the Equity in Beijing Le’AnOOOK, and shall have the right to obtain all shareholder rights according to its shareholding ratio. 2.3 Without Party A’s written consent, Party B shall not grant to any third party any rights, senior to or on a parity with Call Option.

Grant of Call Option. 2.1 Party B hereby irrevocably and exclusively grant Party A the Call Option, the right that allows Party A and any third party designated by Party A to subscribe for all or part of the equity interest held by Party B in Beijing Le’AnJFR. 2.2 To the extent permitted by the laws of China, Party A and/or any third party designated by Party A shall have the right to exercise the Call Option at any time during the term of this Agreement, to obtain necessary government approvals and complete required registration procedures (if required, including the evaluation procedures), and to obtain and maintain the Equity in Beijing Le’AnJFR. Party A and/or any third party designated by Party A shall become the lawful holder of the Equity in Beijing Le’AnJFR, and shall have the right to obtain all shareholder rights according to its shareholding ratio. 2.3 Without Party A’s written consent, Party B shall not grant to any third party any rights, senior to or on a parity with Call Option.