Common use of Grant of the Purchase Option Clause in Contracts

Grant of the Purchase Option. 2.1 The Existing Shareholders agree to irrevocably and unconditionally grant to the WFOE an Exclusive Equity Transfer Option, pursuant to which the WFOE has the right to, as permitted by the PRC laws and subject to the terms and conditions of this Agreement, require the Existing Shareholders to assign the option equity to the WFOE or its designated entity or individual. The WFOE also agrees to accept such Purchase Option.

Grant of the Purchase Option. 2.1 The Existing Shareholders agree Shareholders/The Company agree(s) to irrevocably and unconditionally grant to the WFOE an Exclusive Equity Transfer Optionexclusive purchase option, pursuant to which the WFOE has the right to, as permitted by the PRC laws and subject to the terms and conditions of this Agreement, require the Existing Shareholders Shareholders/the Company to assign the option equity equity/assets of the Company to the WFOE or its designated entity or individual. The WFOE also agrees to accept such Purchase Optiona purchase option.