Common use of Change of Applicable Laws Clause in Contracts

Change of Applicable Laws. After the Signing Date, if any change in Applicable Laws (including laws and regulations on foreign investment) causes or may cause any provisions under any Transaction Documents to be modified or unable to be performed, the Parties shall negotiate to amend such provisions in accordance with the updated Applicable Laws and practical requirements of the Government Authorities in effect as such time in good faith and on mutually agreeable terms, so as to ensure the economic interest and rights of the Parties under the Transaction Documents remain unchanged. Name Sonic Holdings II Limited Company Number 366562 Registered Address c/o Intertrust Corporate Services (Cayman) Limited, ▇▇▇ ▇▇▇▇▇ ▇▇▇, ▇▇▇▇▇▇ ▇▇▇, ▇▇▇▇▇ ▇▇▇▇▇▇, ▇▇▇-▇▇▇▇, Cayman Islands Authorized Share Capital USD50,000 Issued Share Capital USD1.00 Par Value Per Share USD0.01 Incorporation Date September 25, 2020 Shareholders Seller (30%) Purchaser (70%) Directors Blackstone Real Estate Holdings Director L.L.C. Law Yiu Fat ▇▇▇▇▇▇▇ ▇▇▇▇ Pak Man ▇▇▇▇▇ ▇▇▇▇▇▇▇ ▇▇▇▇ ▇▇▇▇▇ Registered Office Intertrust Corporate Services (Cayman) Limited Name Sonic Holdings II Limited Company Number 366562 Registered Address c/o Intertrust Corporate Services (Cayman) Limited, ▇▇▇ ▇▇▇▇▇ ▇▇▇, ▇▇▇▇▇▇ ▇▇▇, ▇▇▇▇▇ ▇▇▇▇▇▇, ▇▇▇-▇▇▇▇, Cayman Islands Authorized Share Capital USD50,000 Issued Share Capital USD1.00 Par Value Per Share USD0.01 Incorporation Date September 25, 2020 Shareholders Purchaser (100%) Directors Blackstone Real Estate Holdings Director L.L.C. Law Yiu Fat ▇▇▇▇▇▇▇ ▇▇▇▇ Pak Man Registered Office Intertrust Corporate Services (Cayman) Limited

Appears in 2 contracts

Sources: Sale and Purchase Agreement, Sale and Purchase Agreement