Common use of Granting Clause in Contracts

Granting. The Authorizing Parties have agreed that on the date of the Agreement, they shall irrevocably grant Party A an exclusive right to, at their sole discretion, purchase or designate a third party to purchase the entire equity interest (“Stock Option”) in Party C held by the Authorizing Parties in installments or in lump sum at the lowest price as permitted by the laws issued by the PRC at any time when exercising the right. The Stock Option shall be granted to Party A once the Agreement is signed by the Parties, and shall be irrevocable once granted during the term of the Agreement. No person other than Party A and its designated third party shall have any option or other rights over the Equity.

Granting. The Authorizing Parties have agreed that on the date of the Agreement, they shall irrevocably grant Party A an exclusive right to, at their sole discretion, purchase or designate a third party to purchase the entire equity interest (the “Stock Option”) in Party C held by the Authorizing Parties in installments or in lump sum at the lowest price as permitted by the laws issued by the PRC at any time when exercising the right. The Stock Option shall be granted to Party A once the Agreement is signed by the Parties, and shall be irrevocable once granted during the term of the Agreement. No person other than Party A and its designated third party shall have any option or other rights over the Equity.