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

THE GRANT AND EXERCISE OF PURCHASE OPTION. 1.1 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 Shareholder increases or reduces its 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 Shareholder in Party B after such increase or reduction is completed. The Shareholder 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 Equity Interests. Shareholder 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 Shareholder to Party A.

THE GRANT AND EXERCISE OF PURCHASE OPTION. 1.1 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 ’s Equity Interests in Party B, subject to the PRC laws and regulations. In the case that Shareholder increases or reduces its 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 Shareholder in Party B after such increase or reduction is completed. The Shareholder hereby agrees that, without Party A's ’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. Shareholder shall transfer his Equity Interests in Party B to Party A or Party A's ’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 Shareholder to Party A.

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 Shareholder increases Shareholders increase or reduces its 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 Shareholder Shareholders in Party B after such increase or reduction is completed. The Shareholder Shareholders hereby agrees 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. Shareholder 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 Shareholder Shareholders to Party A.