Grant and Exercise of Co-sale Right. As long as the Investors hold equity interests in the Target Company, if the NIO Parties intend to directly or indirectly conduct a Proposed Transfer and the Investor fails to exercise the right of first refusal in accordance with Clause 7 hereof, such Investors shall have the co-sale right, i.e., the right to sell the registered capital of the Target Company held by them at the same price and on the same terms and conditions in accordance with this Agreement.
Grant and Exercise of Co-sale Right. If the transferor of a Proposed Transfer is an Actual Controller or another company controlled by him, then the Investor has the right of co-sale to participate in the Proposed Transfer, meaning that the Investor has the right to sell the registered capital it holds in the Target Company on the same terms and conditions as specified in the Transfer Notice pursuant to the provisions hereof.
