Common use of Shareholders Resolution Clause in Contracts

Shareholders Resolution. Upon an exercise of the Option by Party A and Party B shall execute and deliver one or more resolutions of the shareholders’ meeting of Party C (“Resolutions”) within thirty (30) days after the execution of the Share Transfer Agreement, approving, including but not limited to, the following: 3.4.1 The transfer in the name of Party A or its nominee of all or part of the Shares; and/or 3.4.2 Upon the request by Party A, resignation by Party B from the position of directors and/or other positions.