Grant Rights. 第二条 转股期权的授予
Grant Rights. Pursuant to the terms and conditions stipulated in this Agreement, Lishui Mengxiang’s Shareholders irrevocably grant WFOE or its designated purchaser the exclusive call option right in relation to the equity of Domestic Affiliates. WFOE or its designated purchaser (hereinafter the “Domestic Affiliates Equity Purchaser”, such Domestic Affiliates Equity Purchaser may be one or more parties) has the right to decide in its sole discretion, in accordance with the terms and conditions of this Agreement, to purchases all or part of the equities directly and/or indirectly held by Lishui Mengxiang’s Shareholders, from time to time, in Domestic Affiliates by one or multiple times, and pays the minimum price permitted by PRC laws and regulations (the “Domestic Affiliates Equity Purchase Price”) to Lishui Mengxiang’s Shareholders and/or their designated entities. The shareholders and / or the school’s sponsor recorded in the articles of association of Domestic Affiliates and Schools through the conformation letter to confirm the waiver of their respective pre-emptive rights to the above-mentioned Domestic Affiliates equity transfer in accordance with the provisions of the PRC laws and regulations and the articles of association of the company and schools, and irrevocably agree that Lishui Mengxiang’s Shareholders transfer the equity of Domestic Affiliates directly and/or indirectly held by them to Domestic Affiliates Equity Purchaser.
Grant Rights. Party B hereby exclusively, irrevocably and without any additional conditions grants to Party A or any or several designated person(s) (“Designated Person”) an option to purchase, at any time according to the steps determined by Party A, and at the price specified in Section 1.3 of this Agreement, from Party B a portion or all of the equity interests held by Party B in Party C (the “Option”). No Option shall be granted to any third party other than Party A and/or the Designated Person. The “person” set forth in this Agreement means any individual person, corporation, joint venture, partnership, enterprise, trust or non-corporation organization.
Grant Rights. Pursuant to the terms and conditions stipulated in this Agreement, Likeshuo Education Shareholders irrevocably grant WFOE or its designated wholly-owned subsidiaries the exclusive all option in relation to the equity of Domestic Affiliates. WFOE or its designated wholly-owned subsidiaries (hereinafter the “Domestic Affiliates Equity Purchaser”, such Domestic Affiliates Equity Purchaser may be one or more parties) has the right to decide in its sole discretion, in accordance with the terms and conditions of this agreement, to purchases all or part of the equities directly and/or indirectly held by Likeshuo Education Shareholders, from time to time, in Domestic Affiliates by one or multiple times, and pays the minimum price permitted by PRC laws and regulations to Likeshuo Education Shareholders and/or its designated entities. The shareholders of Domestic Affiliates recorded in the articles of association confirm the waiver of their respective pre-emptive rights to the above-mentioned Domestic Affiliates equity transfer in accordance with the provisions of the PRC laws and regulations and the company’s articles of association, and irrevocably agree that Likeshuo Education Shareholders transfer the equity of Domestic Affiliates directly and/or indirectly held by them to Domestic Affiliates Equity Purchaser.
Grant Rights. Pursuant to the terms and conditions stipulated in this Agreement, Meten Education Shareholders irrevocably grant WFOE or its designated wholly-owned subsidiaries the exclusive call option in relation to the interest of Domestic Affiliates. WFOE or its designated wholly-owned subsidiaries (hereinafter the “Domestic Affiliates Interest Purchaser”, such Domestic Affiliates Interest Purchaser may be one or more parties) has the right to decide in its sole discretion, in accordance with the terms and conditions of this agreement, to purchases all or part of the interests directly and/or indirectly held by Meten Education Shareholders, from time to time, in Domestic Affiliates by one or multiple times, and pays the minimum price permitted by PRC laws and regulations to Meten Education Shareholders and/or its designated entities. The shareholders of Domestic Affiliates and training centers/schools recorded in the articles of association, and/or training center/school organizer confirm the waiver of their respective pre-emptive rights to the above-mentioned Domestic Affiliates interest transfer in accordance with the provisions of the PRC laws and regulations and the company’s articles of association and training centers/schools’ articles of associations, and irrevocably agree that Meten Education Shareholders transfer the interest of Domestic Affiliates directly and/or indirectly held by them to Domestic Affiliates Interest Purchaser.
Grant Rights. Party B hereby exclusively, irrevocably and without any additional conditions grants to Party A or any or several designated person(s) (hereinafter referred to as “Designated Person”) an option to purchase, at any time according to the steps determined by Party A, and at the price specified in Section 1.3 of this Agreement, from Party B a portion or all of the equity interests held by Party B in Party C (hereinafter referred to as the “Option”). No Option shall be granted to any third party other than Party A and/or the Designated Person. The “person” set forth in this Agreement means any individual person, corporation, joint venture, partnership, enterprise, trust or non-corporation organization.
Grant Rights. Party B hereby irrevocably award party A the following rights (" Option rights ") :
1.1 Without violating Chinese laws and industry policy limited of China, this agreement will valid for ten years from the effective date of this Agreement (as defined in section 15.2). In accordance with the provisions exercise of Article 4, Party A has the right to choose the terms and conditions set forth in this agreement. It values the domestic company’s contributions of the registered capital RMB _1.00 yuan, and will pricing RMB 0.001 yuan(exercise price). Party A purchases all the underlying shares from Party B and has the right to choose one time or several times to purchase the whole or any part of the underlying shares. Party B commits to cooperate with Part A to do the above procedures, transfer all or any portion of the underlying equity to Party A
1.2 Within the right time limit, Party A has the right to request Party B accomplish the agreement, and Party B also have to promise to cooperate. Under the exercise price Part B transfer the whole or any part of underlying shares to Party A or transfer the shares to the designated. (The designated should be one or more person/entities, within the limits laid down by Chinese law and industry policy).
1.3 If Party A have not requested Party B transfer all the underlying equity to Party A or its designated entity (or person) in the vesting period, Party A has the right to request Party B extend the exercise period for 10 years and Party B shall agree the requirement of extending the exercise period ("extended exercise period", also includes other extension according to the provisions below). If Party A have not yet requested Party B transfer wholly or part of the underlying entity to its designated entity (or person) in the extended exercise period, Party A has the right to request Party B continue extend the exercise period for 10 years, Party B shall agree to extend the exercise period. Thereafter, Party A has the right to request extend exercise period constantly, till all the subject of the equity transfer to the designated entity (or person). The terms and conditions of this Agreement also apply to extend the exercise period.
1.4 Under the exercise price, Party A will complete to transfer the shares of domestic companies held by Party B. Party A promises itself or designated entity (or person) to buy the shares during vesting period or extended vesting period. Within that period, Party A is entitled to exercise its ...
Grant Rights. Shareholder (“Transferor”) hereby irrevocably grants to WOFE an option to purchase or cause any designated person (“Designated Persons”) to purchase, to the extent permitted under PRC Law, according to the steps determined by WOFE.
Grant Rights. Party B hereby exclusively and irrevocably grants to Party A an option to purchase Equity Interest unconditionally. According to the option, as permitted by the laws of China, Party A or one or more persons designated by Party A (“Designated Person”) have the right to, purchase a portion or all of the equity interests held by Party B in Party C (the “Option”) at any time according to steps–determined by Party A, and at the price specified in Section 1.3 of this Agreement. No Option shall be granted to any third party other than Party A and/or the Designated Persons. The “person” set forth in this Agreement means any individual person, corporation, joint venture, partnership, enterprise, trust or non-corporation organization. The person indicated hereunder means individual, company, association, partner, enterprise, trust and other organization.
Grant Rights. Except as provided below, the Grant shall be valid ------------------ for a term commencing on the Grant Date and ending upon the date when all restrictions on the Restricted Stock under the Grant have lapsed. (the "Expiration Date"). ---------------
