Common use of Equity Transfer Contract Clause in Contracts

Equity Transfer Contract. This Equity Transfer Contract (hereinafter referred to as “this Contract”) was entered into by the following parties this day of , 20 in [ ] Municipality in China: Transferor: [ ] Transferee: [ ] Upon amicable negotiations, the above two parties have reached an agreement on equity transfer as follows: 1. The transferor agrees to transfer the [ ] % equity (the “subject equity”) of Puxin Education Technology Group Co., Ltd. held by it to the transferee in RMB Yuan, and the transferee agrees to assign such subject equity. 2. Upon completion of the transfer of the subject equity, the transferor no longer has the shareholders’ rights of the subject equity and the shareholders’ obligation to undertake the subject equity. The transferee has the shareholders’ rights of the subject equity and the shareholders’ obligation to undertake the subject equity. 3. For matters not covered in this Contract, both parties may sign a supplementary agreement. 4. This Contract shall come into effect from the date of signing by both parties. 5. This Contract is in quadruplicate. Each party holds a copy and other copies are used for industrial and commercial change. Transferor: [ ] Signature: Transferee: [ ] Signature: