Common use of Grant of Purchase Option Clause in Contracts

Grant of Purchase Option. 2.1 The Existing Shareholders hereby jointly and severally agree to irrevocably and unconditionally grant to Beijing Miyuan an exclusive Purchase Option, pursuant to which Beijing Miyuan shall be entitled, subject to PRC Laws, to request the Existing Shareholders to transfer the Option Equity Interests to Beijing Miyuan or other entity or individual designated by Beijing Miyuan in accordance with this Agreement. Beijing Miyuan hereby agrees to accept such Purchase Option.

Grant of Purchase Option. 2.1 The Existing Shareholders hereby jointly and severally agree to irrevocably and unconditionally grant to Beijing Shanghai Miyuan an exclusive Purchase Option, pursuant to which Beijing Shanghai Miyuan shall be entitled, subject to PRC Laws, to request the Existing Shareholders to transfer the Option Equity Interests to Beijing Shanghai Miyuan or other entity or individual designated by Beijing Shanghai Miyuan in accordance with this Agreement. Beijing Shanghai Miyuan hereby agrees to accept such Purchase Option.