Common use of Notice on Exercise Clause in Contracts

Notice on Exercise. In case Party A exercises the option hereunder, it shall notify the Principals of such exercise in writing ten (10) business days prior to the Delivery Date (as defined below). Such notice shall cover the following contents: 2.4.1 Effective Delivery Date (hereinafter referred to as “Delivery Date”) of the Share after the option is exercised; 2.4.2 Name of registered holder of the Share after the option is exercised; 2.4.3 Respective number and proportion of the Share purchased from the Principals; 2.4.4 Exercise consideration and payment method; 2.4.5 Power of Attorney (if the exercise is made by a third party designated by Party A). The Parties have agreed that Party A is entitled to, from time to time, appoint a third party to exercise the option and register the Share in the name of such third party.