Common use of PROCEDURE FOR EXERCISE OF THE EQUITY PURCHASE OPTION Clause in Contracts

PROCEDURE FOR EXERCISE OF THE EQUITY PURCHASE OPTION. Subject to the provisions of the laws and regulations of the PRC, Party A shall notify Party B in writing (the “Notice on Exercise”) upon exercise of the Equity Purchase Option on one or more occasions. Such notice covers the following items: (a) Party A’s decision to exercise the Equity Purchase Option; (b) the share percentage of the equity interest which Party A proposes to purchase from Party B (the “Purchased Equity Interest”); and (c) the date as of such purchase and/or transfer of such Purchased Equity Interest.