Common use of Cooperation Period Clause in Contracts

Cooperation Period. 2.1 The period of cooperation between the parties shall be ten (10) years from the effective date of the Agreement (the “Cooperation Period”), provided that Party A directly or indirectly holds over 30% equity interest or beneficial ownership on a fully diluted basis in Party B, and Party B maintains its status as a listed company. The Cooperation Period shall automatically renew for a period of five (5) years, unless either party gives notice of non-renewal twenty (20) working days prior to the expiry of the Cooperation Period. 2.2 Until the date on which the fully-diluted equity interest or beneficial ownership directly or indirectly held by Party A in Party B becomes less than 30%, or the date on which shares of Party B cease to be listed on a stock exchange, Party A is entitled to unilaterally terminate the Agreement, provided that it shall give a twenty (20) working days prior written notice to Party B, and by then, the parties may re-negotiate on the content of cooperation.