Exercise of the Purchase Right Clause Samples

Exercise of the Purchase Right. 1.2.1 To the extent permitted under PRC laws, Party A, at its sole discretion, may decide the specific time, method and number of its exercise.

Exercise of the Purchase Right. The Corporation intends to, but is not obligated to, exercise the Purchase Right if and only if the Corporation does not realize Positive Operating Cash Flows for the six month period ending June 30, 2005. The Corporation has a history of negative operating cash flows and management considers the realization of Positive Operating Cash Flows by the six month period ending June 30, 2005 to be a reasonable performance goal that is related to the purpose of this Agreement. Exercise of the Purchase Right shall be communicated by written notice delivered in accordance with paragraph 9.3 to the Owner of the Unvested Shares at any time prior to July 31, 2005. The notice shall indicate the number of Unvested Shares to be purchased and the date on which the purchase is to be effected, such date to be not more than thirty (30) days after the date of notice.

Exercise of the Purchase Right. Each purchase right shall be automatically exercised in installments on each successive Purchase Date within the offering period, and shares of Common Stock shall accordingly be purchased on behalf of each Participant (other than Participants whose payroll deductions have previously been refunded pursuant to the Termination of Purchase Right provisions below) on each such Purchase Date. The purchase shall be effected by applying the Participant’s payroll deductions (as converted to U.S. Dollars) or other contributions pursuant to Section VI.E. for the Purchase Interval ending on such Purchase Date to the purchase of whole shares of Common Stock at the purchase price in effect for the Participant for that Purchase Date.