Common use of SAFE Registration Clause in Contracts

SAFE Registration. If any holder or beneficial owner of any Share of the Company (each a “Security Holder”) is a “Domestic Resident” as defined in Circular 37 and is subject to the SAFE registration or reporting requirements under Circular 37, such holder shall use his/her/its reasonable best efforts to promptly obtain a Power of Attorney in the form attached hereto as Exhibit A from such Security Holder, and shall use his/her/its reasonable best efforts to cause the designated representative under such Power of Attorney to promptly take such actions and execute such instruments on behalf of such Security Holder to comply with the applicable SAFE registration or reporting requirements under SAFE Rules and Regulations. If a Security Holder fails to comply with the applicable SAFE registration or reporting requirements under SAFE Rules and Regulations, the Parties (other than the Investors) shall use their reasonable best efforts to promptly cause such Security Holder to cease to be a holder or beneficial owner of Shares of the Company.

Appears in 2 contracts

Samples: Shareholders Agreement (DouYu International Holdings LTD), Shareholders Agreement (DouYu International Holdings LTD)

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SAFE Registration. If any holder or beneficial owner of any Share Equity Security of the Company (each other than the Investors) (each, a “Security Holder”) is a “Domestic Resident” as defined in Circular 37 and is subject to the SAFE registration or reporting requirements under Circular 37, such holder the Parties (other than the Investors) shall use his/her/its reasonable their best efforts to promptly obtain a Power of Attorney in the form attached hereto as Exhibit A from such Security Holder, and shall use his/her/its reasonable their best efforts to cause the designated representative under such Power of Attorney to promptly take such actions and execute such instruments on behalf of such Security Holder to comply with the applicable SAFE registration or reporting requirements under SAFE Rules and Regulations. If a , and in the event such Security Holder fails to comply with the applicable SAFE registration or reporting requirements under SAFE Rules and Regulations, the Parties (other than the Investors) shall use their reasonable best efforts to promptly cause such Security Holder to cease to be a holder or beneficial owner of Shares any Equity Security of the Company.

Appears in 2 contracts

Samples: Shareholders Agreement, Amended and Restated Shareholders Agreement (Four Seasons Education (Cayman) Inc.)

SAFE Registration. If any holder or beneficial owner of any Share Equity Security of the Company (each other than the Investors) (each, a “Security Holder”) is a “Domestic Resident” as defined in Circular 37 and is subject to the SAFE registration or reporting requirements under Circular 37, such holder the Parties (other than the Investors) shall use his/her/its reasonable their commercially best efforts to promptly obtain a Power of Attorney in the form attached hereto as Exhibit A from such Security Holder, and shall use his/her/its reasonable their commercially best efforts to cause the designated representative under such Power of Attorney to promptly take such actions and execute such instruments on behalf of such Security Holder to comply with the applicable SAFE registration or reporting requirements under SAFE Rules and Regulations. If a , and in the event such Security Holder fails to comply with the applicable SAFE registration or reporting requirements under SAFE Rules and Regulations, the Parties (other than the Investors) shall use their reasonable commercially best efforts to promptly cause such Security Holder to cease to be a holder or beneficial owner of Shares any Equity Security of the Company.

Appears in 2 contracts

Samples: Shareholders Agreement (Lizhi Inc.), Shareholders Agreement (Lizhi Inc.)

SAFE Registration. If any holder or beneficial owner of any Share Equity Security of the Company (each other than the Investors) (each, a “Security Holder”) is a “Domestic Resident” as defined in Circular 37 and is subject to the SAFE registration or reporting requirements under Circular 37, such holder the Parties (other than the Investors) shall use his/her/its reasonable their best efforts to promptly obtain a Power of Attorney in the form attached hereto as Exhibit A B from such Security Holder, and shall use his/her/its reasonable their best efforts to cause the designated representative under such Power of Attorney to promptly take such actions and execute such instruments on behalf of such Security Holder to comply with the applicable SAFE registration or reporting requirements under SAFE Rules and Regulations. If a , and in the event such Security Holder fails to comply with the applicable SAFE registration or reporting requirements under SAFE Rules and RegulationsRegulations in accordance with the Purchase Agreement, the Parties (other than the Investors) shall use their reasonable best efforts to promptly cause such Security Holder to cease to be a holder or beneficial owner of Shares any Equity Security of the Company.

Appears in 1 contract

Samples: Joinder Agreement (Boqii Holding LTD)

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SAFE Registration. If any holder or beneficial owner of any Share equity security of the Company (each other than the Investors) (each, a “Security Holder”) is a “Domestic Resident” as defined in Circular 37 and is subject to the SAFE registration or reporting requirements under Circular 37, such holder the Parties (other than the Investors) shall use his/her/its their reasonable best efforts to promptly obtain a Power power of Attorney in the form attached hereto as Exhibit A attorney from such Security Holder, and shall use his/her/its their reasonable best efforts to cause the designated representative under such Power power of Attorney attorney to promptly take such actions and execute such instruments on behalf of such Security Holder to comply with the applicable SAFE registration or reporting requirements under Circular 37 and any other applicable SAFE Rules rules and Regulations. If a regulations, and in the event such Security Holder fails to comply with the applicable SAFE registration or reporting requirements under Circular 37 and any other applicable SAFE Rules rules and Regulationsregulations, the Parties (other than the Investors) shall use their reasonable best efforts to promptly cause such Security Holder to cease to be a holder or beneficial owner of Shares any equity security of the Company.

Appears in 1 contract

Samples: Shareholders Agreement (Meili Auto Holdings LTD)

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