Authority of HAS. HAT hereby agrees to take such action with respect to its ownership of the Anshan Equity Interest as HAS, in its sole discretion, shall direct, including, without limitation, action with respect to the sale of the Anshan Equity Interest, the selection or removal of officers, directors, or managers of Anshan Xxxxxx, the acquisition, disposition or rental of any assets of Anshan Xxxxxx, and any vote by HAT as the owner of the Anshan Equity Interest. If requested by HAS, HAT agrees to cause the existing officers, directors and managers of Anshan Xxxxxx which have been selected by HAT to resign and to replace them with persons selected by HAS. HAT agrees not to take any action with respect to its ownership of the Anshan Equity Interest except as directed by HAS. To the extent permitted by applicable law, HAT hereby appoints HAS as HAT's exclusive agent for purposes of exercising HAT's rights in the Anshan Equity Interest and with respect to selling the Anshan Equity Interest or liquidating Anshan Xxxxxx, as HAS shall, in its sole discretion determine. HAT shall cause Anshan Xxxxxx, to the extent HAT is able to do so, to appoint HAS as Anshan Xxxxxx' exclusive agent for purposes of selling or renting the assets of Anshan Xxxxxx to third parties.
Authority of HAS. HAT hereby agrees to take such action with respect to its ownership of the Guangzhou Equity Interest as HAS, in its sole discretion, shall direct, including, without limitation, action with respect to the sale of the Guangzhou Equity Interest, the selection or removal of officers, directors, or managers of Guangzhou Xxxxxx, the acquisition, disposition or rental of any assets of Guangzhou Xxxxxx, and any vote by HAT as the owner of the Guangzhou Equity Interest. If requested by HAS, HAT agrees to cause the existing officers, directors and managers of Guangzhou Xxxxxx which have been selected by HAT to resign and to replace them with persons selected by HAS. HAT agrees not to take any action with respect to its ownership of the Guangzhou Equity Interest except as directed by HAS. To the extent permitted by applicable law, HAT hereby appoints HAS as HAT's exclusive agent for purposes of exercising HAT's rights in the Guangzhou Equity Interest and with respect to selling the Guangzhou Equity Interest or liquidating Guangzhou Xxxxxx, as HAS shall, in its sole discretion, determine. HAT shall cause Guangzhou Xxxxxx, to the extent HAT is able to do so, to appoint HAS as Guangzhou Xxxxxx' exclusive agent for purposes of selling or renting the assets of Guangzhou Xxxxxx to third parties.
