Common use of Sale and Purchase of Equity Interest Clause in Contracts

Sale and Purchase of Equity Interest. 1.1 Option Granted Each 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 then held by such Party B 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 PRC laws and at the price described in Section 1.3 herein (such right being the “Equity Interest Purchase Option”). As of the date hereof, the equity interest of Party C held by each Party B are listed in the Schedule I. Unless for the purpose of performing the Restructuring Agreement executed by Party C and relevant parties thereto on February 12, 2018 (“Restructuring Agreement”)，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 non-corporate organizations.

Sale and Purchase of Equity Interest. 1.1 Option Granted Each 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 then held by such Party B 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 PRC laws and at the price described in Section 1.3 herein (such right being the “Equity Interest Purchase Option”). As of the date hereof, Party B holds or will hold 1.0549% of the equity interest of in Party C held by each Party B are listed in the Schedule I. because of Equity Transfer. Unless for the purpose of performing the Restructuring Agreement executed by Party C and relevant parties thereto on February 12, 2018 (“Restructuring Agreement”)，except Agreement”), 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 non-corporate organizations.

Sale and Purchase of Equity Interest. 1.1 Option Granted Each In consideration of the payment of 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 then held by such Party B 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 PRC laws and at the price described in Section 1.3 herein (such right being the “"Equity Interest Purchase Option”"). As of the date hereof, the equity interest of Party C held by each Party B are listed in the Schedule I. Unless for the purpose of performing the Restructuring Agreement executed by Party C and relevant parties thereto on February 12, 2018 (“Restructuring Agreement”)，except 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 non-corporate organizations.. Equity Option Agreement

Sale and Purchase of Equity Interest. 1.1 Option Granted Each In consideration of the payment of 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 then held by such Party B C, 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 PRC laws and at the price described in Section 1.3 herein (such right being the “Equity Interest Purchase Option”). As of the date hereof, the equity interest of Party C held by each Party B are listed in the Schedule I. Unless for the purpose of performing the Restructuring Agreement executed by Party C and relevant parties thereto on February 12, 2018 (“Restructuring Agreement”)，except 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 non-corporate organizations.. Equity Option Agreement