Common use of Option Granted Clause in Contracts

Option Granted. In consideration of the payment of RMB10.00 to each Shareholder by Party A, the receipt and adequacy of which is hereby acknowledged by Party B, Party B hereby irrevocably grants Party A an irrevocable and exclusive right to purchase, or designate one or more persons (each, a “Designee”) to purchase the equity interests in Party C now or then held by Party B (regardless whether Party B’s capital contribution and/or percentage of shareholding is changed or not in the future) once or at multiple times at any time in part or in whole at Party A’s sole and absolute discretion to the extent permitted by Chinese laws and at the price described in Section 1.3 herein (such right being the “Equity Interest Purchase Option”). Except for Party A and the Designee(s), no other person shall be entitled to the Equity Interest Purchase Option or other rights with respect to the equity interests of Party B. Party C hereby agrees to the grant by Party B of the Equity Interest Purchase Option to Party A. The term “person” as used herein shall refer to individuals, corporations, partnerships, partners, enterprises, trusts or any other type of economic entity. Exclusive Option Agreement

Appears in 7 contracts

Samples: Exclusive Option Agreement (Cornerstone Management, Inc.), Exclusive Option Agreement (Cornerstone Management, Inc.), Exclusive Option Agreement (Cornerstone Management, Inc.)

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Option Granted. In consideration of the payment of RMB10.00 to each Shareholder by Party A, the receipt and adequacy of which is hereby acknowledged by Party B, Party B hereby irrevocably grants Party A an irrevocable and exclusive right to purchase, or designate one or more persons (each, a “Designee”) to purchase the equity interests in Party C now or then held by Party B (regardless whether Party B’s capital contribution and/or percentage of shareholding is changed or not in the future) once or at multiple times at any time in part or in whole at Party A’s sole and absolute discretion to the extent permitted by Chinese laws and at the price described in Section 1.3 herein (such right being the “Equity Interest Purchase Option”). Except for Party A and the Designee(s), no other person shall be entitled to the Equity Interest Purchase Option or other rights with respect to the equity interests of Party B. Party C hereby agrees to the grant by Party B of the Equity Interest Purchase Option to Party A. The term “person” as used herein shall refer to individuals, corporations, partnerships, partners, enterprises, trusts or any other type of economic entity. Exclusive Option Agreement.

Appears in 4 contracts

Samples: Exclusive Purchase Option Agreement (CooTek(Cayman)Inc.), Exclusive Option Agreement (CooTek(Cayman)Inc.), Exclusive Purchase Option Agreement (CooTek(Cayman)Inc.)

Option Granted. In consideration of the payment of RMB10.00 to each Shareholder by Party A, the receipt and adequacy of which is hereby acknowledged by Party B, Party B hereby irrevocably grants Party A an irrevocable and exclusive right to purchase, or designate one or more persons (each, a "Designee") to purchase the equity interests in Party C now or then held by Party B (regardless whether Party B’s 's capital contribution to Party C and/or percentage of shareholding in Party C is changed or not in the future) once or at multiple times at any time in part or in whole at Party A’s 's sole and absolute discretion to the extent permitted by Chinese laws and at the price described in Section 1.3 herein (such right being the "Equity Interest Purchase Option"). Except for Party A and the Designee(s), no other person shall be entitled to the Equity Interest Purchase Option or other rights with respect to the equity interests of Party B. Party C hereby agrees to the grant by Party B of the Equity Interest Purchase Option to Party A. The term "person" as used herein shall refer to individuals, corporations, partnerships, partners, enterprises, trusts or any other type of economic entity. Exclusive Option Agreementnon-corporate organizations.

Appears in 4 contracts

Samples: Exclusive Option Agreement (eFuture Information Technology Inc.), Exclusive Option Agreement (eFuture Information Technology Inc.), Share Pledge Agreement (eFuture Information Technology Inc.)

Option Granted. In consideration of the payment of RMB10.00 to each Shareholder RMB 1 by Party A, the receipt and adequacy of which is hereby acknowledged by Party B, Party B hereby irrevocably grants agrees that, on the condition that it is permitted by the PRC laws, Party A an irrevocable has the right to require Party B to fulfill and exclusive right complete all approval and registration procedures required under PRC laws for Party A to purchase, or designate one or more persons (each, a "Designee") to purchase the purchase, Party B’s equity interests in Party C now or then held by Party B (regardless whether Party B’s capital contribution and/or percentage of shareholding is changed or not in the future) C, once or at multiple times at any time in part or in whole at Party A’s 's sole and absolute discretion to the extent permitted by Chinese laws and at the price described in Section 1.3 herein (such right being the "Equity Interest Purchase Option"). Party A’s Equity Interest Purchase Option shall be exclusive. Except for Party A and the Designee(s), no other person shall be entitled to the Equity Interest Purchase Option or other rights with respect to the equity interests of Party B. Party C hereby agrees to the grant by Party B of the Equity Interest Purchase Option to Party A. The term "person" as used herein shall refer to individuals, corporations, partnerships, partners, enterprises, trusts or any other type of economic entity. Exclusive Option Agreementnon-corporate organizations.

Appears in 2 contracts

Samples: Share Disposal Agreement (SSLJ. COM LTD), Share Disposal Agreement (SSLJ. COM LTD)

Option Granted. In consideration of the payment of RMB10.00 to each Shareholder by Party A, the receipt and adequacy of which is hereby acknowledged by Party B, Party B hereby irrevocably grants Party A an irrevocable and exclusive right to purchase, or designate one or more persons (each, a “Designee”) to purchase the equity interests in Party C now or then held by Party B (regardless whether Party B’s capital contribution and/or percentage of shareholding is changed or not in the future) once or at multiple times at any time in part or in whole at Party A’s 's sole and absolute discretion to the extent permitted by Chinese laws and at the price described in Section 1.3 herein (such right being the “Equity Interest Purchase Option”). Except for Party A and the Designee(s), no other person shall be entitled to the Equity Interest Purchase Option or other rights with respect to the equity interests of Party B. Party C hereby agrees to the grant by Party B of the Equity Interest Purchase Option to Party A. The term “person” as used herein shall refer to individuals, corporations, partnerships, partners, enterprises, trusts or any other type of economic entity. Exclusive Option Agreement.

Appears in 2 contracts

Samples: Exclusive Option Agreement (American Telstar Inc), Exclusive Option Agreement (China Agricorp, Inc)

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Option Granted. In consideration of the payment of RMB10.00 to each Shareholder by Party A, the receipt and adequacy of which is hereby acknowledged by Party B, Party B hereby irrevocably grants Party A an irrevocable and exclusive right to purchase, or designate one or more persons (each, a “Designee”) to purchase the equity interests in Party C now or then held by Party B (regardless whether Party B’s capital contribution and/or percentage of shareholding is changed or not in the future) once or at multiple times at any time in part or in whole at Party A’s sole and absolute discretion to the extent permitted by Chinese laws and at the price described in Section 1.3 herein (such right being the “Equity Interest Purchase Option”). Except for Party A and the Designee(s), no other person shall be entitled to the Equity Interest Purchase Option or other rights with respect to the equity interests of Party B. Party C hereby agrees to the grant by Party B of the Equity Interest Purchase Option to Party A. The term “person” as used herein shall refer to individuals, corporations, partnerships, partners, enterprises, trusts or any other type of economic entity. Exclusive Option Agreementnon-corporate organizations.

Appears in 2 contracts

Samples: Exclusive Option Agreement (Middle Kingdom Alliance Corp.), Exclusive Option Agreement (Middle Kingdom Alliance Corp.)

Option Granted. In consideration of the payment of RMB10.00 to each Shareholder RMB 100,000 by Party AA to Zhang Gxx Xxx and Gxxx Xxx Sheng, the prior shareholders of Party C, the receipt and adequacy of which is hereby acknowledged by Party B, Party B hereby irrevocably grants acknowledges and confirms the irrevocable grant by such prior shareholders to Party A an irrevocable and exclusive right to purchase, or designate one or more persons (each, a "Designee") to purchase the equity interests in Party C now or then held by Party B (regardless whether Party B’s capital contribution and/or percentage of shareholding is changed or not in the future) once or at multiple times at any time in part or in whole at Party A’s 's sole and absolute discretion to the extent permitted by Chinese laws and at the price described in Section 1.3 herein (such right being the "Equity Interest Purchase Option"). Except for Party A and the Designee(s), no other person shall be entitled to the Equity Interest Purchase Option or other rights with respect to the equity interests of Party B. Party C hereby agrees to the grant by Party B of the Equity Interest Purchase Option to Party A. The term "person" as used herein shall refer to individuals, corporations, partnerships, partners, enterprises, trusts or any other type of economic entity. Exclusive Option Agreementnon-corporate organizations.

Appears in 1 contract

Samples: Exclusive Option Agreement (Moxian, Inc.)

Option Granted. In consideration of the total payment of RMB10.00 to each Shareholder by Party AF, the receipt and adequacy of which is hereby acknowledged by Party Bthe Shareholders, Party B the Shareholders hereby irrevocably grants grant Party A F an irrevocable and exclusive right to purchase, or designate one or more persons (each, a “Designee”) to purchase the equity interests in Party C G now or then held by Party B the Shareholders (regardless whether Party B’s the Shareholders’ capital contribution and/or percentage of shareholding is changed or not in the future) once or at multiple times at any time in part or in whole at Party AF’s sole and absolute discretion to the extent permitted by Chinese laws and at the price described in Section 1.3 herein (such right being the “Equity Interest Purchase Option”). Except for Party A F and the Designee(s), no other person shall be entitled to the Equity Interest Purchase Option or other rights with respect to the equity interests of the Shareholders. Party B. Party C G hereby agrees to the grant by Party B the Shareholders of the Equity Interest Purchase Option to Party A. F. The term “person” as used herein shall refer to individuals, corporations, partnerships, partners, enterprises, trusts or any other type of economic entity. Exclusive Option Agreement.

Appears in 1 contract

Samples: Exclusive Option Agreement (Vipshop Holdings LTD)

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