THE GRANT AND EXERCISE OF PURCHASE OPTION. 2.1 The Parties hereto agree that Party A shall be granted an exclusive purchase option to acquire, at any time upon satisfaction of the requirements under applicable laws and conditions as agreed in this Agreement (including, without limitation, as under applicable laws, when Party B and/or Party C cease to be Party D's directors or employees, or Party B and/or Party C attempt to transfer their share equity in Party D to any party other than the existing shareholders of Party D), the entire or a portion of Party D's share equity owned by Party B and/or Party C, or the entire or portion of the assets owned by Party D. The purchase option granted hereby shall be irrevocable during the term of this Agreement and may be exercised by Party A or any eligible entity designated by Party A.
2.2 Party A may exercise the aforesaid purchase option by delivering a written notice to any of Party B, Party C and Party D (the "Exercise Notice").
2.3 Within thirty (30) days of the receipt of the Exercise Notice, Party B, Party C or Party D (as the case may be) shall execute a share/asset transfer contract and other documents (collectively, the "Transfer Documents") necessary to effect the respective transfer of share equity or assets with Party A (or any eligible party designated by Party A).
2.4 When applicable laws permit the exercise of the purchase option provided hereunder and Party A elects to exercise such purchase option, Party B, Party C and Party D shall unconditionally assist Party A to obtain all approvals, permits, registrations, filings and other procedures necessary to effect the transfer of relevant share equity or assets.
THE GRANT AND EXERCISE OF PURCHASE OPTION. 1.1 Grant: Party B hereby grant Party A an irrevocable exclusive purchase option to purchase all or part of the shares of Opco, currently owned by any of Party B; Opco further hereby grant Party A an irrevocable exclusive purchase option to purchase all or part of the assets and business of Opco, in each case in accordance with Article 1.3 of this Agreement (the “Option”). The aforesaid purchase options are irrevocable and shall be exercised only by Party A (or the qualified persons appointed by Party A). The term “person” used herein shall include any entity, corporation, partnership, joint venture and non-corporate organizations.
THE GRANT AND EXERCISE OF PURCHASE OPTION. 1.1 Each Shareholder hereby irrevocably grants to Party A an exclusive purchase right, exercisable at any time by Party A or any third party designated by Party A, to purchase all or part of such Shareholder's Equity Interests in Party B, subject to the PRC laws and regulations. In the case that Shareholders increase or reduce their Equity Interests in Party B within the term of this Agreement, the exclusive purchase option as provided above shall be automatically expanded (in the case of an increase) or reduced (in the case of a reduction) to cover all or part of the Equity Interests owned by Shareholders in Party B after such increase or reduction is completed. The Shareholders hereby agree that, without Party A's prior written consent, apart from Party A or any third party designated by Party A, no other person or entity shall have the right to purchase such Equity Interests. Each of the Shareholders shall transfer his Equity Interests in Party B to Party A or Party A's designee in accordance with his shareholding proportion of such Equity Interests at any time when Party A selects to purchase all or a portion of the Equity Interests. Party B hereby irrevocably consents to such grant by such Shareholders to Party A.
1.2 Party B hereby irrevocably grants to Party A an exclusive purchase option, exercisable at any time by Party A or any third party designated by Party A, to acquire or all or substantially all of Party B’s assets, subject to the PRC laws and regulations. Party B hereby agrees that, without Party A’s prior written consent, apart from Party A or any third party designated by Party A, no other person or entity shall have the right to purchase such assets. The Shareholders hereby irrevocably consent to such grant by Party B to Party A.
1.3 For the purpose of this Agreement, a “third party” or a “person” may be a natural person, company, partnership, enterprise, trust agency or other non-corporate entity.
1.4 To the extent permitted under the PRC laws and regulations, Party A shall determine at any time and at its own discretion to exercise such exclusive right to (i) purchase the Equity Interests as provided in Section 1.1 by a written notice to the applicable Shareholder(s) specifying the amount of equity to be purchased (hereinafter referred to as “Equity Transfer”) or (ii) purchase all or substantially all of Party B’s assets as provided in Section 1.2 (hereinafter referred to as “Assets Transfer”) by a written notice to Party B (each refer...
THE GRANT AND EXERCISE OF PURCHASE OPTION. 1.1 Grant: Party B and Party C hereby grant Party A an irrevocable exclusive purchase option. Party A has right to purchase all or part of the shares of Party C currently owned by Party B (the “Object Shares”), or increase the investment until Party A holds 49% shares (when laws, regulations or policies of P.R.C. permitted, the investment would be increased up to 100%) of Party C (the “Increasing Investment”). This purchase option is irrevocable and shall be exercised only by Party A (or the qualified persons appointed by Party A). The term “person” used herein shall include any entity, corporation, partnership, joint venture and non-corporate organizations.
THE GRANT AND EXERCISE OF PURCHASE OPTION. 1.1 Grant: Party B hereby grant Party A an irrevocable exclusive purchase option to purchase all or part of the shares of Opco currently owned by Party B(the “Option”). The aforesaid purchase options are irrevocable and shall be exercised only by Party A (or the qualified persons appointed by Party A). The term “
THE GRANT AND EXERCISE OF PURCHASE OPTION. 1.1 Grant: Party B hereby grant Party A an irrevocable exclusive purchase option to purchase all or part of the shares of Party C, currently owned by Party B; Party C further hereby grant Party A an irrevocable exclusive purchase option to purchase all or part of the assets and business of Party C. The aforesaid irrevocable purchase options shall be conducted in accordance with Article 1.3 of this agreement (the “Option”) and can be exercised only by Party A (or the qualified persons appointed by Party A). The term “person” used herein shall include any entity, corporation, partnership, joint venture and non-corporate organizations.
THE GRANT AND EXERCISE OF PURCHASE OPTION. 1.1 The Shareholder hereby irrevocably grants to Party A an exclusive purchase right at any time, or designate any third party to purchase all or part of the Shareholder’ Equity Interests in Party B, provided permitted under the PRC laws and regulations and Party B agrees to such grant by the Shareholder to Party A. Apart from Party A or any third party designated by Party A, no other person shall have the right to purchase such Equity Interests. The Shareholder shall transfer his Equity Interests in Party B to Party A provided Party A selects to purchase the Shareholder’ Equity Interests.
1.2 Party B hereby irrevocably grants to Party A an exclusive purchase option, at any time to acquire all or a substantial part of Party B’s assets, provided permitted under the PRC laws and regulations and the Shareholder agrees to such grant by Party B to Party A.
1.3 For the purpose of this Agreement, a “third party” or a “person” may be a natural person, company, partnership, enterprise, trust agency or other non-corporate entity.
1.4 To the extent permitted under the PRC laws and regulations, Party A shall determine at any time and at its own option to exercise such exclusive right to (i) purchase the Equity Interests as provided in Section 1.1 by written notice to the applicable Shareholder(s) specifying the amount of equity to be purchased and the identity of the purchaser (hereinafter referred to as “Equity Transfer”) or (ii) purchase all or substantially all of Party B’s assets as provided in Section 1.2 (hereinafter referred to as “Assets Transfer”) by written notice to Party B (each an "Exercise Notice"). Each Exercise Notice shall be signed by either the sole shareholder, or the Executive Director, of Party A.
THE GRANT AND EXERCISE OF PURCHASE OPTION. 2.1 The parties hereto agree that the Option right holder shall be granted an exclusive purchase option to acquire, at any time upon satisfaction of the requirements under applicable laws and conditions as agreed in this Agreement (including, without limitation, as under applicable laws, when the Shareholder ceases to be the Company’s director or employee, or the Shareholder attempts to transfer its share equity in the Company to any party other than the existing shareholders of the Company), the entire or a portion of the Company’s share equity owned by the Shareholder. The purchase option granted hereby shall be irrevocable during the term of this Agreement and may be exercised by the Option Right Holder or any eligible entity designated by the Option Right Holder.
2.2 Option Right Holder may exercise the aforesaid purchase option by delivering a written notice to any of the Shareholder and the Company (the “Exercise Notice”).
2.3 Within thirty (30) days of the receipt of the Exercise Notice, the Shareholder shall execute a share transfer contract and other documents (collectively, the “Transfer Documents”) necessary to effect the transfer of share equity with the Option Right Holder (or any eligible party designated by the Option Right Holder).
2.4 When applicable laws permit the exercise of the purchase option provided hereunder and the Option Right Holder elects to exercise such purchase option, the Shareholder shall unconditionally assist the Option Right Holder to obtain all approvals, permits, registrations, filings and other procedures necessary to effect the transfer of share equity.
THE GRANT AND EXERCISE OF PURCHASE OPTION. 2.1 The Parties hereto agree that Hangzhou Dianneng shall be granted an exclusive purchase option to acquire, at any time upon satisfaction of the requirements under applicable laws and conditions as agreed in this Agreement or designate eligible entity to acquire entire or a portion of Mijia Tech’s share equity or owned by Shareholders of Mijia or each of them(“Option”). The Option granted hereby shall be irrevocable during the term of this Agreement and may be exercised by Hangzhou Dianneng or any eligible entity designated by Hangzhou Dianneng.
2.2 Pursuant to the laws and regulations of the PRC, Hangzhou Dianneng (or its designated eligible entity) may exercise the Option by delivering a written notice to any of Shareholders of Mijia (the “Exercise Notice”). The Exercise Notice shall define the specific portion of the shares to be purchased from Shareholders of Mijia or the assets to be purchased from Mijia Tech (hereinafter referred to as the “Purchased Shares (Asset)) and the purchase method.
2.3 Within thirty (30) days of the receipt of the Exercise Notice, Shareholders of Mijia shall execute a share/asset transfer contract and other documents necessary to carry through such transfer (collectively, the “Transfer Documents”) with Hangzhou Dianneng (or any eligible party designated by Hangzhou Dianneng).
2.4 When applicable laws permit the exercise of the purchase option provided hereunder and Hangzhou Dianneng elects to exercise such purchase option, Shareholders of Mijia shall unconditionally assist Hangzhou Dianneng to obtain all approvals, permits, registrations, filings and other procedures necessary to effect the transfer of relevant share equity or assets.
THE GRANT AND EXERCISE OF PURCHASE OPTION. 1.1 Each Individual Shareholder hereby irrevocably grants Party A an exclusive purchase right at any time, or its designated any third party to purchase all or part of such Individual Shareholder’s Equity Interests in Party B, provided permitted under the PRC laws and regulations, and Party B and Industry Center agree to such grant by such Individual Shareholder to Party A. Apart from Party A or any third party designated by it, no other person shall have the right to purchase such Equity Interests. Each of the Individual Shareholders shall transfer its Equity Interests in Party B to Party A in accordance with its percentage ownership of such Equity Interests provided that Party A selects to purchase proportion of such Individual Shareholder’s Equity Interests.
1.2 Party B hereby irrevocably grants to Party A an exclusive purchase option, at any time to acquire all or a portion of the Individual Shareholders’ Equity Interests, or all or substantial part of Party B’s assets, provided permitted under the PRC laws and regulations and the Individual Shareholders and Industry Center agree to such grant by Party B to Party A.
