Common use of Transfer of Economic Interest Clause in Contracts

Transfer of Economic Interest. 1.1 Subject to the terms and conditions contained herein, the Transferor agrees to transfer to the Transferee, and the Transferee agrees to accept from the Transferor, all of the Economic Interest of the Target Equity Interest. 1.2 The Transferor and the Transferee hereby agree and acknowledge that, upon the execution of this Agreement, the repayment of the Loan by the Transferor under the Loan Agreement, is deemed as fulfilled and satisfied. 1.3 For the avoidance of doubt, the Parties hereby confirm that the Economic Interest hereunder refers to the economic interest in relation to the Target Equity Interest currently held and hereafter acquired by the Transferor, including but not limited to: (1) incomes arising from the disposal of the Target Equity Interest (including derivative equity interest of the Target Equity Interest, the same below) under any circumstance; (2) dividends and bonus obtained on the basis of the Target Equity Interest under any circumstance; (3) residual assets and other economic profits allocated after the liquidation of the Company; (4) any other cash income, property and economic benefit arising from the Target Equity Interest. 1.4 Since the effective date hereof, in case the shareholding held by the Transferor increases and the Transferor pay no consideration, the Economic Interest of the increased portion shall automatically be transferred to the Transferee, and the Transferee has no obligation to pay any consideration to the Transferor. 1.5 The Company shall pay directly any economic interest generated from the Target Equity Interest to the Transferee.

Transfer of Economic Interest. 1.1 Subject to the terms and conditions contained herein, the Transferor agrees to transfer to the Transferee, and the Transferee agrees to accept from the Transferor, all of the Economic Interest of the Target Equity Interest. 1.2 The Transferor and the Transferee hereby agree and acknowledge that, upon the execution of this Agreement, the repayment of the Loan by the Transferor under the Amended and Restated Loan Agreement, is deemed as fulfilled and satisfied. 1.3 For the avoidance of doubt, the Parties hereby confirm that the Economic Interest hereunder refers to the economic interest in relation to the Target Equity Interest currently held and hereafter acquired by the Transferor, including but not limited to: (1) incomes arising from the disposal of the Target Equity Interest (including derivative equity interest of the Target Equity Interest, the same below) under any circumstance; (2) dividends and bonus obtained on the basis of the Target Equity Interest under any circumstance; (3) residual assets and other economic profits allocated after the liquidation of the Company; (4) any other cash income, property and economic benefit arising from the Target Equity Interest. 1.4 Since the effective date hereof, in case the shareholding held by the Transferor increases and the Transferor pay no consideration, the Economic Interest of the increased portion shall automatically be transferred to the Transferee, and the Transferee has no obligation to pay any consideration to the Transferor. 1.5 The Company shall pay directly any economic interest generated from the Target Equity Interest to the Transferee.