Common use of Equity Transfer Clause in Contracts

Equity Transfer. Each time when Party A exercises the option, within ten working days from the receipt of the notice of exercise from Party A in accordance with Article 2.4 hereof: (1) the Grantors shall procure Party C to hold the meeting of the shareholders’ meeting on a timely basis, at which the resolutions of shareholders’ meeting approving the transfer of the equity interest from the Grantors to Party A and/or the third party designated by Party A and the Grantors waive the right of first refusal shall be adopted; (2) the Grantors shall sign a transfer agreement which is consistent with the material content of the Equity Transfer Agreement set out in Attachment 2 hereto with Party A (or if applicable, the third party designated by it); (3) the parties collectively listed as Party B shall execute all other necessary contracts, agreements or documents, obtain all necessary governmental approvals and consents and take all necessary actions to transfer valid ownership of the equity interest purchased to Party A and/or the third party designated by Party A without any security interest, cause Party A and/or the third party designated by Party A to become the registered owner of the equity interest purchased registered in the industrial and commercial register and deliver to Party A and/or the third party designated by Party A the latest business license, articles of association and certificate of approval (if applicable) and other relevant documents issued by or registered with the relevant Chinese authorities showing the change of the equity interest in Party C and the change of directors and legal representative etc.

Equity Transfer. ​ Each time when Party A exercises the option, within ten working days from the receipt of the notice of exercise from Party A in accordance with Article 2.4 hereof:: ​ ​ (1) the Grantors Grantor shall procure Party C to hold the meeting of the shareholders’ meeting on a timely basis, at which the resolutions of shareholders’ meeting approving the transfer of the equity interest from the Grantors Grantor to Party A and/or the third party designated by Party A and the Grantors Grantor waive the right of first refusal shall be adopted;; ​ (2) the Grantors Party B shall sign a transfer agreement which is consistent with the material content of the Equity Transfer Agreement set out in Attachment 2 hereto with Party A (or if applicable, the third party designated by it);; ​ (3) the parties collectively listed as Party B and/or Party C shall execute all other necessary contracts, agreements or documents, obtain all necessary governmental approvals and consents and take all necessary actions to transfer valid ownership of the equity interest purchased to Party A and/or the third party designated by Party A without any security interest, cause Party A and/or the third party designated by Party A to become the registered owner of the equity interest purchased registered in the industrial and commercial register and deliver to Party A and/or the third party designated by Party A the latest business license, articles of association and certificate of approval (if applicable) and other relevant documents issued by or registered with the relevant Chinese authorities showing the change of the equity interest in Party C and the change of directors and legal representative etc.. ​

Equity Transfer. ​ Each time when Party A exercises the option, within ten working days from the receipt of the notice of exercise from Party A in accordance with Article 2.4 hereof: (1) the Grantors shall procure Party C to hold the meeting of the shareholders’ meeting on a timely basis, at which the resolutions of shareholders’ meeting approving the transfer of the equity interest from the Grantors to Party A and/or the third party designated by Party A and the Grantors waive the right of first refusal shall be adopted;; ​ (2) the Grantors Party B shall sign a transfer agreement which is consistent with the material content of the Equity Transfer Agreement set out in Attachment 2 hereto with Party A (or if applicable, the third party designated by it);; ​ (3) VNET Technology shall sign a transfer agreement which is consistent with the material content of the Equity Transfer Agreement set out in Attachment 3 hereto with Party A (or if applicable, the third party designated by it); ​ (4) the parties collectively listed as Party B and/or VNET Technology shall execute all other necessary contracts, agreements or documents, obtain all necessary governmental approvals and consents and take all necessary actions to transfer valid ownership of the equity interest purchased to Party A and/or the third party designated by Party A without any security interest, cause Party A and/or the third party designated by Party A to become the registered owner of the equity interest purchased registered in the industrial and commercial register and deliver to Party A and/or the third party designated by Party A the latest business license, articles of association and certificate of approval (if applicable) and other relevant documents issued by or registered with the relevant Chinese authorities showing the change of the equity interest in Party C and the change of directors and legal representative etc.. ​

Equity Transfer. ​ Each time when Party A exercises the option, within ten working days from the receipt of the notice of exercise from Party A in accordance with Article 2.4 hereof:: ​ ​ ​ ​ (1) the Grantors Grantor shall procure Party C to hold the meeting of the shareholders’ meeting on a timely basis, at which the resolutions of shareholders’ meeting approving the transfer of the equity interest from the Grantors Grantor to Party A and/or the third party designated by Party A and the Grantors Grantor waive the right of first refusal shall be adopted;; ​ (2) the Grantors Party B shall sign a transfer agreement which is consistent with the material content of the Equity Transfer Agreement set out in Attachment 2 hereto with Party A (or if applicable, the third party designated by it);; ​ (3) the parties collectively listed as Party B and/or Party C shall execute all other necessary contracts, agreements or documents, obtain all necessary governmental approvals and consents and take all necessary actions to transfer valid ownership of the equity interest purchased to Party A and/or the third party designated by Party A without any security interest, cause Party A and/or the third party designated by Party A to become the registered owner of the equity interest purchased registered in the industrial and commercial register and deliver to Party A and/or the third party designated by Party A the latest business license, articles of association and certificate of approval (if applicable) and other relevant documents issued by or registered with the relevant Chinese authorities showing the change of the equity interest in Party C and the change of directors and legal representative etc.. ​

Equity Transfer. Each time when When Party A exercises the optionoption every time, within ten (10) working days from the receipt of after receiving the notice of exercise from given by Party A in accordance with Article pursuant to Clause 2.4 hereof: (1) the Grantors The Authorizing Party shall procure Party C cause ▇▇▇▇▇▇▇▇▇▇ to hold the meeting of the a shareholders’ meeting on a timely basisin time, at which the resolutions resolution of the shareholders’ meeting approving the transfer of the equity interest from to Party A and (or) the Grantors third party designated by the Authorized Party shall be adopted; (2) The Authorizing Party shall enter into a transfer agreement with Party A (or, where applicable, the third party designated by Party A) that is substantially the same as the Equity Transfer Agreement listed in Annex 1 hereto; (3) The members of Party B shall enter into all other required contracts, agreements or documents, obtain all required governmental approvals and consents, and take all required actions without any security interest, transfer the effective ownership of the purchased equity to Party A and/or the third party designated by Party A A, and the Grantors waive the right of first refusal shall be adopted; (2) the Grantors shall sign a transfer agreement which is consistent with the material content of the Equity Transfer Agreement set out in Attachment 2 hereto with Party A (or if applicable, the third party designated by it); (3) the parties collectively listed as Party B shall execute all other necessary contracts, agreements or documents, obtain all necessary governmental approvals and consents and take all necessary actions to transfer valid ownership of the equity interest purchased to make Party A and/or the third party designated by Party A without any security interest, cause Party A and/or the third party designated by Party A to become the industrial and commercial registered owner of the equity interest purchased registered in the industrial equity, and commercial register and deliver submit to Party A and/or or the third party designated by Party A the latest business license, articles Articles of association and certificate of approval (if applicable) Association and other relevant documents issued or filed and registered by or registered with the relevant Chinese competent authorities showing of the People’s Republic of China, which shall reflect the equity change of the equity interest in Party C and the change Gongwuyuan, changes of directors and legal representative representative, etc.