Common use of Steps for Exercise of the Call Option Clause in Contracts

Steps for Exercise of the Call Option. Subject to the provisions of the PRC laws and regulations, Party A and/or the Designated Person may exercise the Call Option by giving written notice to Party B (hereinafter referred to as the “Equity Purchase Notice”) and specifying the portion of equity interest to be purchased from Party B (hereinafter referred to as the “Purchased Equity”) and the manner in which the purchase is made.