Common use of THE GRANT AND EXERCISE OF PURCHASE OPTION Clause in Contracts

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 “

Appears in 2 contracts

Samples: Exclusive Option Agreement (Green Planet Bio Engineering Co. Ltd.), Exclusive Option Agreement (ONE Bio, Corp.)

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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 option to purchase all or part of the shares of Party C C, currently owned by Party B 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 “Object SharesOption), 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 can be exercised only by Party A (or the qualified persons appointed by Party A). The term “

Appears in 1 contract

Samples: Exclusive Option Agreement (Shangri-La Tibetan Pharmaceuticals, Inc.)

THE GRANT AND EXERCISE OF PURCHASE OPTION. 1.1 Grant: Party B and Party C hereby grant grants Party A an irrevocable exclusive purchase option. Party A has right option (the “Purchase Option”) to purchase all or part of the shares of Party C currently owned by Party B (the “Object Shares”), or to purchase the object assets which are currently owned by Party C (the “Object Assets”), or increase the investment until Party A holds 49% of the issued and outstanding shares (when laws, regulations or policies of P.R.C. P.R.C permitted, the investment would be increased up to 100%) of Party C (the “Increasing Investment”). This purchase option Purchase Option is irrevocable and shall be exercised only by Party A (or the qualified persons appointed by Party A). The term “

Appears in 1 contract

Samples: Exclusive Option Agreement (Huifeng Bio-Pharmaceutical Technology, Inc.)

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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 option to purchase all or part of the shares of Party C C, currently owned by any of Party B 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, in each case in accordance with Article 1.3 of this contract (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 InvestmentOption”). This The aforesaid purchase option is options are irrevocable and shall be exercised only by Party A (or the qualified persons appointed by Party A). The term “

Appears in 1 contract

Samples: Exclusive Option Agreement (Tianli Agritech, Inc.)

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