Common use of ASSET CALL OPTION Clause in Contracts

ASSET CALL OPTION. ASIA TIME and the Personal Shareholders hereby further undertake to grant HUAYA irrevocably an option to purchase assets within the term of this Agreement: to the extent not violating the mandatory requirements under PRC Law, ASIA TIME will transfer all of its assets and liabilities to HUAYA and/or other entity or individual designated by it when required by HUAYA.

ASSET CALL OPTION. ASIA TIME TIMES and the Personal Shareholders hereby further undertake to grant HUAYA irrevocably an option to purchase assets within the term of this Agreement: to the extent not violating the mandatory requirements under PRC Law, ASIA TIME TIMES will transfer all of its assets and liabilities to HUAYA and/or other entity or individual designated by it when required by HUAYA.