Common use of Granting of exercise price Clause in Contracts

Granting of exercise price. The Authorizing Parties agree that the purchase price of the Equity shall be the lowest as permitted by the laws issued by the PRC at the time of exercise, and the specific price and payment method shall be subject to the written notice issued by Party A to Party B. The Authorizing Parties hereby agree and undertake that the exercise price obtained from Party A or its designated third party in exercising the Stock Option shall be immediately returned and granted to Party C for free, to fulfill the obligations of each of the Authorizing Parties under the Equity Pledge Agreement and the Power of Attorney Agreement on Shareholder’s Voting Rights.

Granting of exercise price. The Authorizing Parties agree that the purchase price of the Equity shall be the lowest as permitted by the laws issued by the PRC at the time of exercise, and the specific price and payment method shall be subject to the written notice issued by Party A to Party B. The Authorizing Parties hereby agree and undertake that the exercise price obtained from Party A or its designated third party in exercising the Stock Option shall be immediately returned and granted to Party C for free, to fulfill the obligations of each of the Authorizing Parties under the Equity Pledge Agreement and the Power of Attorney Agreement on Shareholder’s Voting Concerning Shareholder Rights.

Granting of exercise price. The Authorizing Parties agree that the purchase price of the Equity shall be the lowest as permitted by the laws issued by the PRC at the time of exercise, and the specific price and payment method shall be subject to the written notice issued by Party A to Party B. The Authorizing Parties hereby agree and undertake that the exercise price obtained from Party A or its designated third party in exercising the Stock Option shall be immediately returned and granted to Party C for free, to fulfill the obligations of each of the Authorizing Parties under the Equity Interest Pledge Agreement and the Power of Attorney Agreement on Shareholder’s Voting RightsAgreement.