Common use of Completion of the Transaction Clause in Contracts

Completion of the Transaction. 7.1 The two parties that the Transaction shall be completed within 12 months after the Agreement takes effect (or at any other later day agreed upon by the two parties in writing), in which event, all the following matters shall be completed: 7.1.1 Closing of the Target Assets (see article 7.2 hereof for details); 7.1.2 Party A has issued new shares to Party B2 and Party B3 as per the requirements herein which have been registered in the name of Party B2 and Party B3 by CSDC Shenzhen Branch. 7.1.3 Party A has paid the first tranche of cash consideration hereunder to Party B1; and 7.1.4 Party A has completed the assets verification in relation to the Transaction as well as the formalities for changes at the administration for industry and commerce. 7.2 Party B shall, within 60 days (or at a later date otherwise agreed upon by the two parties in writing) after CSRC approves the Share Issuance, properly handle the formalities for closing of the Target Assets as per the relevant laws and regulations, including without limitation: 7.2.1 Amend the articles of association of FL Mobile Jiutian Technology Co., Ltd and register the equity of FL Mobile Jiutian Technology Co., Ltd held by Party A in the amended AOA; 7.2.2 Conduct the formalities for registration of changes of shareholders and shareholdings of the Target Asset at the administration for industry and commerce; 7.2.3 Take any lawful measures to show that Party A has owned 100% equity of FL Mobile Jiutian Technology Co., Ltd. 7.3 After the closing formality for transfer of the equity of FL Mobile Jiutian Technology Co., Ltd is completed, Party A shall entrust an accounting firm qualified for securities business to verify the 35.13% equity of FL Mobile Jiutian Technology Co., Ltd held by Party B2 and Party B3 and used to subscribe for the shares issued by Party A, and to produce an assets verification report thereof. 7.4 After the consummation of the raising of supporting funds, Party A shall entrust an accounting firm qualified for securities business to conduct asset verification and produce an assets verification report thereof.

Completion of the Transaction. 7.1 The two parties that the Transaction shall be completed within 12 months after the Agreement takes effect (or at any other later day agreed upon by the two parties in writing), in which event, all the following matters shall be completed: 7.1.1 Closing of the Target Assets (see article 7.2 hereof for details); 7.1.2 Party A has issued new shares to Party B2 B2, Party B3, Party B4, Party B5, Party B6 and Party B3 B7 as per the requirements herein which have been registered in the name of Party B2 B2, Party B3, Party B4, Party B5, Party B6 and Party B3 B7 by CSDC Shenzhen Branch. 7.1.3 Party A has paid the first tranche of cash consideration hereunder to Party B1; and 7.1.4 Party A has completed the assets verification in relation to the Transaction as well as the formalities for changes at the administration for industry and commerce. 7.2 Party B shall, within 60 days (or at a later date otherwise agreed upon by the two parties in writing) after CSRC approves the Share Issuance, properly handle the formalities for closing of the Target Assets as per the relevant laws and regulations, including without limitation: 7.2.1 Amend the articles of association of FL Mobile Jiutian Technology Co., Ltd and register the equity of FL Mobile Jiutian Technology Co., Ltd held by Party A in the amended AOA; 7.2.2 Conduct the formalities for registration of changes of shareholders and shareholdings of the Target Asset at the administration for industry and commerce; 7.2.3 Take any lawful measures to show that Party A has owned 100% equity of FL Mobile Jiutian Technology Co., Ltd. 7.3 After the closing formality for transfer of the equity of FL Mobile Jiutian Technology Co., Ltd is completed, Party A shall entrust an accounting firm qualified for securities business to verify the 35.1354.66% equity of FL Mobile Jiutian Technology Co., Ltd held by Party B2 and Party B3 and Party B4 and Party B5 and Party B6 and Party B7 and used to subscribe for the shares issued by Party A, and to produce an assets verification report thereof. 7.4 After the consummation of the raising of supporting funds, Party A shall entrust an accounting firm qualified for securities business to conduct asset verification and produce an assets verification report thereof.