Common use of NO RIGHTS AS SHAREHOLDER PRIOR TO CONVERSION Clause in Contracts

NO RIGHTS AS SHAREHOLDER PRIOR TO CONVERSION. For the avoidance of doubt, the Purchaser has not been conferred with any of the rights of a shareholder of the Company, including the right to vote as such, by any of the provisions hereof or any provisions under the Convertible Note Purchase Agreement, or any right (a) to vote for the election of directors or upon any matter submitted to shareholders at any meeting thereof, (b) to give or withhold consent to any corporate action (whether upon any recapitalization, issuance of shares, reclassification of shares, change of par value, or change of shares to no par value, consolidation, merger, scheme of arrangement, conveyance, or otherwise), (c) to receive notice of meetings or to receive in-kind dividends or subscription rights or otherwise, in each case until this Note shall have been converted in whole or in part and all the Conversion Shares issuable upon such whole or partial conversion hereof shall have been issued, as provided for in this Note and the Convertible Note Purchase Agreement. For the avoidance of doubt, the Purchaser shall be conferred with all rights of a shareholder of the Company immediately upon any partial or full conversion of the Note with respect to such Conversion Shares.

NO RIGHTS AS SHAREHOLDER PRIOR TO CONVERSION. For the avoidance of doubt, the Purchaser has not been conferred with any of the rights of a shareholder of the Company, including the right to vote as such, by any of the provisions hereof or any provisions under the Convertible Note Purchase Agreement, or or, other than the rights of the Purchaser set forth in the Investors’ Rights Agreement, any right (a) to vote for the election of directors or upon any matter submitted to shareholders at any meeting thereof, (b) other than Section 8 of the Note, to give or withhold consent to any corporate action (whether upon any recapitalization, issuance of shares, reclassification of shares, change of par value, or change of shares to no par value, consolidation, merger, scheme of arrangement, conveyance, or otherwise), (c) to receive notice of meetings or to receive in-kind dividends or subscription rights or otherwise, in each case until this the Note shall have been converted in whole or in part and all the any Conversion Shares issuable upon such the whole or partial conversion hereof shall have been issued, as provided for in this the Note and the Convertible Note Purchase Agreement. For the avoidance of doubt, the Purchaser shall be conferred with all rights of a shareholder holding Conversion Shares of the Company immediately upon any partial conversion in whole or full conversion in part of the Note with respect to such Conversion Shares.

NO RIGHTS AS SHAREHOLDER PRIOR TO CONVERSION. For the avoidance of doubt, the Purchaser has not been conferred with any of the rights of a shareholder of the Company, including the right to vote as such, by any of the provisions hereof or any provisions under the Convertible Note Purchase Agreement, or any right (a) to vote for the election of directors or upon any matter submitted to shareholders at any meeting thereof, (b) other than Section 9 of the Note, to give or withhold consent to any corporate action (whether upon any recapitalization, issuance of shares, reclassification of shares, change of par value, or change of shares to no par value, consolidation, merger, scheme of arrangement, conveyance, or otherwise), (c) to receive notice of meetings or to receive in-kind dividends or subscription rights or otherwise, in each case until this the Note shall have been converted in whole or in part and all the any Conversion Shares Securities issuable upon such the whole or partial conversion hereof shall have been issued, as provided for in this the Note and the Convertible Note Purchase Agreement. For the avoidance of doubt, whereupon the Purchaser shall be conferred with all immediately have the rights of a shareholder of the Company if it holds Ordinary Shares or shall immediately upon any partial or full conversion have the rights of an ADS holder entitled to the benefits of the Note with respect to such Conversion SharesDeposit Agreement, if it holds ADSs.