Common use of Purchase Prices of the Equity and Assets Clause in Contracts

Purchase Prices of the Equity and Assets. 1.3.1 In terms of the Purchased Equity, the purchase price (“Equity Purchase Price”) of the Purchased Equity shall be RMB One Yuan (RMB1.00), unless the Chinese laws or regulations require assessment of Purchased Equity when Party A exercises the exclusive right to purchase; if the minimum price allowed by the Chinese law then is higher than the aforesaid price, the minimum price allowed by law shall prevail. If the transfer price of the Purchased Equity held by Party B is higher than One Yuan (RMB1.00), or Party B receives from Party C any profit or dividend distributed in any form whatsoever, Party B agrees that Party A shall have the right to obtain the part of the aforementioned proceeds in excess of One Yuan (RMB1.00), provided that it does not violate the Chinese law. Party B shall instruct the relevant transferees or Party C to pay the said part of the proceeds to the bank account designated by Party A.