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

THE GRANT AND EXERCISE OF PURCHASE OPTION. 1.1 Each 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 such Shareholders’ Equity Interests in Party B, provided permitted under the PRC laws and regulations and Party B agrees to such grant by such Shareholders 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. Each of the Shareholders shall transfer its Equity Interests in Party B to Party A in accordance with its percentage ownership of such Equity Interests provided Party A selects to purchase such Shareholders’ Equity Interests.

THE GRANT AND EXERCISE OF PURCHASE OPTION. 1.1 Each Shareholder hereby irrevocably grants to Party A or any third party designated by Party A an exclusive purchase right option right, at any time, or designate any third party time to purchase all or part of such Shareholders’ current and future Equity Interests in Party B, provided to the extent permitted under the by PRC laws and regulations regulations, and Party B agrees to such grant by such Shareholders 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. Each of the Shareholders shall transfer its Equity Interests in Party B to Party A in accordance with its percentage ownership of such Equity Interests provided Party A selects to purchase such Shareholders’ Equity Interests.;

THE GRANT AND EXERCISE OF PURCHASE OPTION. 1.1 Each Individual Shareholder hereby irrevocably grants to Party A an exclusive purchase right at any time, or designate its designated any third party to purchase all or part of such Shareholders’ Individual Shareholder’s Equity Interests in Party B, provided permitted under the PRC laws and regulations regulations, and Party B agrees and Industry Center agree to such grant by such Shareholders Individual Shareholder to Party A. Apart from Party A or any third party designated by Party Ait, 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 Shareholders’ Individual Shareholder’s Equity Interests.