Common use of Target Equity Clause in Contracts

Target Equity. The Transferee intends to transfer 31% of the equity interests in the Target Company held by the Transferor and all the shareholders’ rights and interests under such equity interests. After completion of the Transaction, the shareholding structure of the Target Company is as follows: Name of shareholder and Shareholding Structure: ▇▇▇▇▇ INTERNATIONAL HOLDINGS LIMITED 49.01% Powerbridge Holdings Limited 50.99%