Common use of Optionee Acknowledgment Clause in Contracts

Optionee Acknowledgment. By executing this Agreement, the Optionee hereby acknowledges that he or she has received and read the Plan and this Agreement and that he or she agrees to be bound by all of the terms of both the Plan and this Agreement. The Optionee further acknowledges and agrees that any exercise of the Option shall be strictly in compliance with applicable laws, including without limitation, those regulations enacted by the State Administration of Foreign Exchange of the People’s Republic of China, if applicable to the Optionee.