Common use of Per Share Price Clause in Contracts

Per Share Price. The purchase price per Share to be paid by Purchaser to Sellers pursuant to Sellers’ exercise of the Put Right (the “Per Share Price”) shall be equal to the greater of the following: (a) 115% of the applicable Reference Price (as defined herein); and (b) US$13.00 per Share (the “Floor Price”); provided, however, if the closing price for the Shares drops below US$5.00 per Share for three (3) trading days (US$10.00 per ADS as quoted on the NASDAQ Global Market) during any Reference Period (as defined below) (a “Floor Termination Event”), then the Floor Price shall not apply to the immediately following Exercise Period (as defined herein) and the Per Share Price applicable to such Exercise Period shall be 115% of the applicable Reference Price. For the avoidance of doubt, the Floor Price shall apply to each subsequent Exercise Period unless there is a Floor Termination Event with respect to such Exercise Period. Notwithstanding the foregoing, or anything else contained herein, in no event shall the Per Share Price payable in respect of any Shares under this Agreement exceed US$25.50 per Share (US$51.00 per ADS) (the “Price Cap”).

Per Share Price. The purchase price per Share to be paid by Purchaser to Sellers pursuant to Sellers’ ' exercise of the Put Right (the “Per Share Price”"PER SHARE PRICE") shall be equal to the greater of the following: (a) 115% of the applicable Reference Price (as defined herein); and (b) US$13.00 per Share (the “Floor Price”"FLOOR PRICE"); provided, however, if the closing price for the Shares drops below US$5.00 per Share for three (3) trading days (US$10.00 per ADS as quoted on the NASDAQ Global Market) during any Reference Period (as defined below) (a “Floor Termination Event”"FLOOR TERMINATION EVENT"), then the Floor Price shall not apply to the immediately following Exercise Period (as defined herein) and the Per Share Price applicable to such Exercise Period shall be 115% of the applicable Reference Price. For the avoidance of doubt, the Floor Price shall apply to each subsequent Exercise Period unless there is a Floor Termination Event with respect to such Exercise Period. Notwithstanding the foregoing, or anything else contained herein, in no event shall the Per Share Price payable in respect of any Shares under this Agreement exceed US$25.50 per Share (US$51.00 per ADS) (the “Price Cap”"PRICE CAP").