Rights and Obligations of the Transferee. 4.1 The Transferee undertakes that it is an entity qualified to accept the transfer of the equity interest in Shanghai HJX according to law and it will secure all the authority necessary for the execution and performance hereof so that it will have the power and right to execute this Agreement and perform the terms and conditions hereof.
Rights and Obligations of the Transferee. 9.1. Rights of XXX
a) XXX has the rights stipulated in Article 43 of the Real Estate Business Law and in accordance with this PTC.
b) XXX shall be entitled to receive the handover of the Sub-project, including both on site handover and relevant documents handover in accordance with this PTC and within time limitation set forth in this PTC.
c) XXX shall be entitled to request THT to facilitate XXX to continue the development of Sub-project and provide documents related to the development of Sub-project.
Rights and Obligations of the Transferee. (i) The Transferee shall accept the transfer of the 35% equity interest in Jilian Company held by the Transferor.
Rights and Obligations of the Transferee. 5.1 The Transferee is entitled to accept the target equity.
Rights and Obligations of the Transferee. 6.2.1 After the completion of this Equity Transfer Transaction, in the event of a change in control of Company that closes prior to Company filing an application for a listing on the STAR Board of the Shanghai Stock Exchange (the “Listing Application”), the Transferee would be entitled to a minimum return of 10% on the Transfer Price paid for the equity interest purchased through this transaction, payable in cash by the Transferor at the close of the change in control transaction, with such right terminating automatically upon the filing by Company of the Listing Application;
Rights and Obligations of the Transferee. The Transferee agrees that the Sale Shares acquired by it shall be bound by and subject to the terms of the Second Amended and Restated Investor Rights Agreement, dated as of November 29, 2019, among the Company, the Transferor and other parties thereto (as amended and/or restated from time to time, the “Investor Rights Agreement”) which remain effective and valid as of the date of the Transfer Closing and the M&AA, and hereby agrees to comply with and be bound by the Investor Rights Agreement with the same force and effect as if the Transferee was originally parties thereto. Upon the Transfer Closing, the Transferee shall have the same rights and obligations with respect to the Sale Shares under the Investor Rights Agreement and the M&AA as the Transferor had immediately prior to the Transfer Closing. The Transferee agrees that the Sale Shares shall continue to be subject to substantially the same restrictions under the Transferor Lock-up Agreement.
