Common use of Exercise of Proxy Rights Clause in Contracts

Exercise of Proxy Rights. 3.1. The Shareholders shall provide full assistance with respect to the exercise by the Proxy of the Proxy Rights, including, where necessary (e.g., to meet the document submission requirements in connection with governmental authority approval, registration and filing), timely executing the shareholder meeting resolutions adopted by the Proxy or other relevant legal documents. 3.2. If at any time during the term hereof, the grant or exercise of the Proxy Rights hereunder cannot be realized for any reason (other than a breach by the Shareholders or the Company), the Parties shall immediately seek an alternative scheme closest to the unrealizable provisions and shall, when necessary, enter into a supplementary agreement to amend or modify the terms hereof so that the purpose of this Agreement may continue to be achieved. 3.3. At any time during the term hereof, if any shareholder, with the approval of the WFOE to sell or transfer the whole or part of their holding equity to any third party, the shareholder must ensure that the third party sign a form and content are basic consistent agreement with this agreement before the equity transfer, unless the prior written consent of the WFOE by saving the request.