Common use of Grant of Call Option Clause in Contracts

Grant of Call Option. The Parties agree that the Shareholder exclusively grant CETL hereby irrevocably and without any additional conditions with a Call Option, under which CETL shall have the right to require the Shareholder to transfer the Option Equity to CETL or its designated entity or individual in such method as set out herein and as permitted by Laws of China. CETL also agrees to accept such Call Option. In case of CETL 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 China, any additional consideration paid other than the RMB 1.00 which may be required under the laws of China to effect such purchase to comply with such legal formalities shall be either cancelled or returned to the company immediately with no additional compensation to the HEZL and Shareholder. HEZL and Shareholder hereby acknowledge the purpose of such provisions and hereby agrees and authorizes 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 the company's relevant officers to sign on his or his behalf and hereby gives 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.

Grant of Call Option. The Parties agree that the Shareholder Shareholders exclusively grant CETL YIGO hereby irrevocably and without any additional conditions with a Call Option, under which CETL YIGO shall have the right to require the Shareholder Shareholders to transfer the Option Equity to CETL YIGO or its designated entity or individual in such method as set out herein and as permitted by Laws of ChinaPRC Law. CETL YIGO also agrees to accept such Call Option. In in case of CETL YIGO 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 ChinaPRC, any additional consideration paid other than the RMB $1.00 which may be required under the laws of China to effect such purchase to comply with such legal formalities shall be either cancelled or returned to the company immediately with no additional compensation to the HEZL YUZHI and ShareholderShareholders. HEZL YUZHI and Shareholder Shareholders hereby acknowledge the purpose of such provisions and hereby agrees and authorizes 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 the company's relevant officers to sign on his or his her behalf and hereby gives 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.

Grant of Call Option. The Parties agree that the Shareholder exclusively grant CETL YIBL hereby irrevocably and without any additional conditions with a Call Option, under which CETL YIBL shall have the right to require the Shareholder to transfer the Option Equity to CETL YIBL or its designated entity or individual in such method as set out herein and as permitted by Laws of China. CETL YIBL also agrees to accept such Call Option. In case of CETL YIBL 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 China, any additional consideration paid other than the RMB 1.00 which may be required under the laws of China to effect such purchase to comply with such legal formalities shall be either cancelled or returned to the company immediately with no additional compensation to the HEZL JYBL and Shareholder. HEZL JYBL and Shareholder hereby acknowledge the purpose of such provisions and hereby agrees and authorizes 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 the company's relevant officers to sign on his or his behalf and hereby gives 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.