Common use of Effective Date and Amendment Clause in Contracts

Effective Date and Amendment. 21.1 This Agreement shall be established upon the execution by the legal representatives or authorized representatives of the Parties and the affixation of the official chops of both Parties, and shall enter into force upon the satisfaction of the following conditions: (1) the Purchaser’s shareholder has decided to approve the Transaction; (2) the Seller’s shareholders’ meeting has approved the Transaction. 21.2 Upon the date of establishment of this Agreement, Articles 12 (Announcement), 13 (Confidentiality), 14 (No assignment), 16 (Taxes and expenses), 17 (Notice), 18 (Conflict with other agreements), 19 (Waiver, rights and remedies), 21 (Effective date and amendment), 22 (Invalidity), 23 (Jurisdiction and arbitration) and Appendix 1 (Definition and interpretation) shall be legally binding upon the Parties. 21.3 Upon the execution of this Agreement, any amendment to this Agreement (or any other Transaction Document) shall be made in writing, and effective upon the execution by the legal representatives or authorized representatives of the Parties and the affixation of the official chops of both Parties.

Effective Date and Amendment. 21.1 20.1 This Agreement shall be established upon the execution by the legal representatives or authorized representatives of the Parties and the affixation of the official chops of both Parties, and shall enter into force upon once the satisfaction internal corporate governance procedures of each Party respectively has been completed (including the following conditions: (1) shareholder’s approval for the Purchaser’s shareholder has decided to approve Purchaser and the Transaction; (2) the Seller’s shareholders’ meeting has approved the TransactionEGM of Sinopec Kantons Holdings Limited). 21.2 20.2 Upon the date of establishment of this Agreement, Articles 12 11 (Announcement), 13 12 (Confidentiality), 14 13 (No assignment), 16 15 (Taxes and expenses), 17 16 (Notice), 18 17 (Conflict with other agreements), 19 18 (Waiver, rights and remedies), 21 20 (Effective date and amendment), 22 21 (Invalidity), 23 22 (Jurisdiction and arbitration) and Appendix 1 (Definition and interpretation) shall be legally binding upon the Parties. 21.3 20.3 Upon the execution of this Agreement, any amendment to this Agreement (or any other Transaction Document) shall be made in writing, and effective upon the execution by the legal representatives or authorized representatives of the Parties and the affixation of the official chops of both Parties.