Option Pool. Upon or immediately prior to the Closing, (x) the Board of Directors and the shareholders of the Company shall have duly reserved and increased additional 7,002,310 Class B Ordinary Shares to the ESOP of the Company, and (y) the ordinary shares of Mrfresh Cayman previously reserved for the equity incentive plan of Mrfresh Cayman shall have been terminated and cancelled on or prior to Closing.
Appears in 2 contracts
Sources: Share Purchase and Exchange Agreement (Missfresh LTD), Share Purchase and Exchange Agreement (Missfresh LTD)