Common use of Steps for Exercise Clause in Contracts

Steps for Exercise. 1.2.1 The exercise of the Equity Interest Purchase Option and the Asset Purchase Option by Party A shall be subject to the provisions of the laws and regulations of China. 1.2.2 When Party A exercises the Equity Interest Purchase Option, a written notice shall be issued to Party B (the “Equity Interest Purchase Option Notice”), specifying:(a) Party A’s or the Designee’s decision to exercise the Equity Interest Purchase Option; (b) the portion of equity interests to be purchased by Party A or the Designee from Party B (the “Optioned Interests”); and (c) the date for purchasing the Optioned Interests or the date for the transfer of the Optioned Interests. 1.2.3 When Party A exercises the Asset Purchase Option, a written notice shall be issued to Party B (the “Asset Purchase Option Notice”), specifying:(a) Party A’s or the Designee’s decision to exercise the Asset Purchase Option; (b) the list of assets to be purchased by Party A or the Designee from Party B (the “Optioned Asset”); and (c) the date for purchasing the Optioned Asset or the date for the transfer of the Optioned Asset.

Steps for Exercise. 1.2.1 The exercise of the Equity Partnership Interest Purchase Option and the Asset Purchase Option by Party A shall be subject to the provisions of the laws and regulations of China. 1.2.2 When Party A exercises the Equity Partnership Interest Purchase Option, a written notice shall be issued to Party B (the “Equity Partnership Interest Purchase Option Notice”), specifying:(aspecifying: (a) Party A’s or the Designee’s decision to exercise the Equity Partnership Interest Purchase Option; (b) the portion of equity interests the partnership interest to be purchased by Party A or the Designee from Party B (the “Optioned InterestsInterest”); and (c) the date for purchasing the Optioned Interests Interest or the date for the transfer of the Optioned InterestsInterest. 1.2.3 When Party A exercises the Asset Purchase Option, a written notice shall be issued to Party B (the “Asset Purchase Option Notice”), specifying:(a) Party A’s or the Designee’s decision to exercise the Asset Purchase Option; (b) the list of assets to be purchased by Party A or the Designee from Party B (the “Optioned Asset”); and (c) the date for purchasing the Optioned Asset or the date for the transfer of the Optioned Asset.

Steps for Exercise. 1.2.1 The exercise of the Equity Interest Share of Property Purchase Option and the Asset Purchase Option by Party A shall be subject to the provisions of the laws and regulations of China. 1.2.2 When Party A exercises the Equity Interest Share of Property Purchase Option, a written notice shall be issued to Party B (the “Equity Interest Share of Property Purchase Option Notice”), specifying:(a) Party A’s or the Designee’s decision to exercise the Equity Interest Share of Property Purchase Option; (b) the portion of equity interests share of property to be purchased by Party A or the Designee from Party B (the “Optioned InterestsShares of Property”); and (c) the date for purchasing the Optioned Interests Shares of Property or the date for the transfer of the Optioned InterestsShares of Property. 1.2.3 When Party A exercises the Asset Purchase Option, a written notice shall be issued to Party B (the “Asset Purchase Option Notice”), specifying:(a) Party A’s or the Designee’s decision to exercise the Asset Purchase Option; (b) the list of assets to be purchased by Party A or the Designee from Party B (the “Optioned Asset”); and (c) the date for purchasing the Optioned Asset or the date for the transfer of the Optioned Asset.

Steps for Exercise. 1.2.1 The exercise of the Equity Interest Purchase Option and the Asset Purchase Option by Party A shall be subject to the provisions of the laws and regulations of China. 1.2.2 When Party A exercises the Equity Interest Purchase Option, a written notice shall be issued to Party B (the “Equity Interest Purchase Option Notice”), specifying:(aspecifying: (a) Party A’s or the Designee’s decision to exercise the Equity Interest Purchase Option; (b) the portion of equity interests to be purchased by Party A or the Designee from Party B (the “Optioned Interests”); and (c) the date for purchasing the Optioned Interests or the date for the transfer of the Optioned Interests. 1.2.3 When Party A exercises the Asset Purchase Option, a written notice shall be issued to Party B (the “Asset Purchase Option Notice”), specifying:(a) Party A’s or the Designee’s decision to exercise the Asset Purchase Option; (b) the list of assets to be purchased by Party A or the Designee from Party B (the “Optioned Asset”); and (c) the date for purchasing the Optioned Asset or the date for the transfer of the Optioned Asset.