Common use of Exercise of the Call Option Clause in Contracts

Exercise of the Call Option. 4.1 Party A and/or any third party designated by Party A shall have the right to exercise the Call Option in any way permitted by law at any time within the term of the Call Option upon effectiveness of this Agreement. 4.2 During the term of this Agreement, Party A and/or any third party designated by Party A may exercise the Call Option in whole or part in order to obtain any or all of the equity interest for which it has the right to subscribe hereunder at one or more times. 4.3 Party A shall exercise the Call Option by delivering a subscription notice to Party B (see the form and substance of such notice in Appendix 1). Party B shall transfer to Party A and/or any third party designated by Party A the corresponding Equity in Shanghai Ambow as specified in the subscription notice. 4.4 Party B shall complete all procedures required for Party A and/or any third party designated by Party A to obtain the Equity in Shanghai Ambow and become a lawful shareholder of Shanghai Ambow within sixty (60) days after Party A and/or any third party designated by Party A sends the subscription notice for the exercise of the Call Option, including without limitation, adopting any necessary resolution, providing or causing or facilitating Shanghai Ambow to provide all necessary documents, and causing and helping Shanghai Ambow to obtain approvals from competent government authorities for the change of equity and handle all relevant procedures in the event that Shanghai Ambow is converted to a foreign-invested company due to the exercise of the Call Option.

Exercise of the Call Option. 4.1 Party A and/or any third party designated by Party A shall have the right to exercise the Call Option in any way permitted by law at any time within the term of the Call Option upon effectiveness of this Agreement. 4.2 During the term of this Agreement, Party A and/or any third party designated by Party A may exercise the Call Option in whole or part in order to obtain any or all of the equity interest for which it has the right to subscribe hereunder at one or more times. 4.3 Party A shall exercise the Call Option by delivering a subscription notice to Party B (see the form and substance of such notice in Appendix 1). Party B shall transfer to Party A and/or any third party designated by Party A the corresponding Equity in Ambow Shanghai Ambow as specified in the subscription notice. 4.4 Party B shall complete all procedures required for Party A and/or any third party designated by Party A to obtain the Equity in Ambow Shanghai Ambow and become a lawful shareholder of Ambow Shanghai Ambow within sixty (60) days after Party A and/or any third party designated by Party A sends the subscription notice for the exercise of the Call Option, including without limitation, adopting any necessary resolution, providing or causing or facilitating Ambow Shanghai Ambow to provide all necessary documents, and causing and helping Ambow Shanghai Ambow to obtain approvals from competent government authorities for the change of equity and handle all relevant procedures in the event that Ambow Shanghai Ambow is converted to a foreign-invested company due to the exercise of the Call Option.