Common use of Effectiveness, Modification and Termination Clause in Contracts

Effectiveness, Modification and Termination. 7.1 This Agreement shall be effective from the signature date of this Agreement and terminate on and before the expiration of the duration of attorney hereunder. 7.2 Prior to the expiration of this Agreement, the Grantor will relief its obligations bound by this Agreement, upon the completion of transferring its entire equity interests of the Domestic Company to the WFOE or any third party designated by the WFOE. 7.3 Grantor hereby irrevocably and permanently waives his power of termination. 7.4 No amendment, supplementary or modification of this Agreement shall occur except in written consent by both Parties. The amend agreement and supplementary agreement (if any) that have been signed and sealed by the Parties shall constitute an integrate part hereof and have the same validity as this Agreement. 7.5 Grantor agrees, the WFOE have the right to terminate this Agreement with ten (10) days prior written notices, without given any cause, and shall not be liable for any remedies. However, the Grantor shall not terminate this Agreement prior to expiry in any reason without the prior written approval. 7.6 Any earlier termination hereof shall not affect any of rights and obligations undertaken by any Party before the date of termination under this Agreement.