Common use of Award of Stock Option Clause in Contracts

Award of Stock Option. 2.1 The Existing Shareholder hereby irrevocably grants, without any additional term, exclusive to WFOE a Stock Option, pursuant to which WFOE shall have the right to require the Existing Shareholder to transfer the Option Stock to WFOE or its designated entity or individual, to the extent permitted by PRC Laws and Regulations, in accordance with the procedures specified in this Agreement. WFOE also agrees to accept such Stock Option.

Award of Stock Option. 2.1 The Existing Shareholder Shareholders hereby irrevocably grantsgrant, without any additional term, exclusive exclusively to WFOE a the Stock Option, pursuant to which WFOE shall have the right to require the Existing Shareholder Shareholders to transfer the Option Stock to WFOE or its designated entity or individual, to the extent permitted by PRC Laws and Regulations, in accordance with the procedures specified in this Agreement. WFOE also agrees to accept such Stock Option.