Equity Purchase. (1) Party B hereby irrevocably grants to Party A the right to purchase at any time, or designate any third party to purchase, all or part of Party B’s equity interest in Party C, provided permitted under Chinese laws and regulations. Apart from Party A or any third party designated by Party A, no other person shall have the right to purchase such equity interest. Party C agrees to such grant by Party B to Party A. For the purpose of this Agreement, a “third party” or a “person” may be a natural person, company, partnership, enterprise, trust agency or other non-corporate entity.
Appears in 6 contracts
Samples: Exclusive Purchase Agreement (Acorn International, Inc.), Exclusive Purchase Agreement (Acorn International, Inc.), Exclusive Purchase Agreement (Acorn International, Inc.)
