Common use of At each Option Exercise Clause in Contracts

At each Option Exercise. Beijing Security shall be entitled to determine the number of shares that the Existing Shareholders shall transfer to Beijing Security and/or any other entities or individuals designated by Beijing Security, and the Existing Shareholders shall, in accordance with the number so requested by Beijing Security, transfer the Shares to Beijing Security and/or any other entities or individuals designated by Beijing Security. Beijing Security and/or any other entities or individuals shall pay the Shares Transfer Price of the Transferred Shares at each Option Exercise to the Existing Shareholder(s) who transfers the shares.