Likeshuo Education Shareholders definition
Examples of Likeshuo Education Shareholders in a sentence
In any case, if the shareholder rights of the Domestic Affiliates are transferred to any third party other than the existing shareholders of the Domestic Affiliates, Likeshuo Education Shareholders and the existing shareholder of Domestic Affiliates are obliged to make the relevant transferee accept the rights and obligations under the Cooperation Agreements in writing and be bound by these rights and obligations.
Both Likeshuo Education Shareholders and Domestic Affiliates have acknowledged and agreed that violations of this Agreement will cause irreparable damage to WFOE, and monetary damages cannot compensate for the loss of WFOE.
The Parties agree that, subject to the applicable laws, WFOE has the right to immediately claim to the court or arbitration institution that has jurisdiction over the breach of contract by the Likeshuo Education Shareholders and Domestic Affiliates under the Cooperation Agreements for statutory relief or other remedies related to the equity or land or other assets held by the defaulting party.
For the avoidance of doubt, each of the representations, warranties and covenants made by the Likeshuo Education Shareholders under this Agreement shall be deemed to be made separately, and the above representations, warranties, covenants or any obligations under this Agreement will not constitute joint obligations between the Likeshuo Education Shareholders.
Likeshuo Education Shareholders agree that they will provide all assistance to the WFOE in exercising such rights, including but not limited to, at any time, in accordance with the requirements of the WFOE, providing to or withdraw from the person designated by WFOE to the power of attorney related to the entrusted matters.
In any case, if any equities of Likeshuo Education are transferred to any third party other than the Likeshuo Education Shareholders, Likeshuo Education Shareholders are obliged to make the relevant transferee accept the rights and obligations under the Cooperation Agreements in writing and be bound by these rights and obligations.
The Parties agree that Likeshuo Education Shareholders shall prepare the agreements related to the pledge of the corresponding part of the capital increase before the capital increase of Likeshuo Education, and sign the equity pledge agreement on the date of completion of the industrial and commercial capital increase registration, and complete the equity pledge registration procedure as soon as possible.
This Agreement shall automatically terminate when Domestic Affiliates Equity Purchaser have purchased all equities of Domestic Affiliates directly or indirectly held by Likeshuo Education Shareholders.
Likeshuo Education Shareholders directly and/or indirectly hold the equity of the Domestic Affiliates, including (a) Likeshuo Education Shareholders hold 100% equity of the Likeshuo Education; (b) Likeshuo Education holds 80% equity of Shenzhen Qianhai Meten Technology Co., Ltd.; (c) Shenzhen Qianhai Meten Technology Co., Ltd.
Likeshuo Education Shareholders hereby confirmed that they have authorized WFOE or person designated by WFOE to exercise all voting rights as Likeshuo Education Shareholders in the shareholding meeting of Likeshuo Education by signing the Shareholders’ Rights Entrustment Agreement and the Shareholders’ Power of Attorney with the WFOE.