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.
Appears in 3 contracts
Samples: Exclusive Option Agreement (Green Planet Bio Engineering Co. Ltd.), Exclusive Option Agreement (ONE Bio, Corp.), Exclusive Option Agreement (ONE Holdings, Corp.)
