When Beijing Security Clause Samples

When Beijing Security exercises the Equity Option, Beijing Security shall be entitled to pay the Share Transfer Price at the minimal price as permitted by the PRC law then in effect. If such minimal price as permitted by relevant law is still higher than the share purchase price that Existing Shareholders paid for the Option Shares that the Existing Shareholder purchased on January 1, 2011, the Existing Shareholders agree to refund such balance between the the exercise price and transfer price to Beijing Security (Beijing Security may also directly off-set such balance from the the exercise price payable to the Existing Shareholder).