Grant of Call Option Clause Samples

Grant of Call Option. 2.1 Party B hereby irrevocably and exclusively grant Party A the Call Option, the right that allows Party A and any third party designated by Party A to subscribe for all or part of the equity interest held by Party B in IValley. 2.2 To the extent permitted by the laws of Taiwan, Party A and/or any third party designated by Party A shall have the right to exercise the Call Option at any time during the term of this Agreement, to obtain necessary government approvals and complete required registration procedures (if required, including the evaluation procedures), and to obtain and maintain the Equity in IValley. Party A and/or any third party designated by Party A shall become the lawful holder of the Equity in IValley, and shall have the right to obtain all shareholder rights according to its shareholding ratio. 2.3 Without Party A’s written consent, Party B shall not grant to any third party any rights, senior to or on a parity with Call Option.

Grant of Call Option. 2.1 The Existing Shareholders hereby jointly and severally agree to grant exclusively the WFOE an irrevocable and unconditional Call Option, under which the WFOE shall, subject to the PRC Law, be entitled to require the Existing Shareholders to transfer the Option Equity to the WFOE or its designated entity or individual in such methods as set forth herein. The WFOE also agrees to accept such Call Option. 2.2 The Company hereby agrees that the Existing Shareholders grant such Call Option to the WFOE according to Article 2.1 above and other provisions hereunder.

Grant of Call Option. The Parties agree to exclusively grant Framedia Investment hereby irrevocably and without any additional conditions with a Call Option, under which Framedia Investment shall have the right to require the Shareholders to transfer the Option Equity to Framedia Investment or its designated entity or individual in such method as set out herein and as permitted by PRC Law. Framedia Investment also agrees to accept such Call Option.

Grant of Call Option. 2.1 The Parties agree that the Shareholders and the Target Company exclusively g▇▇▇▇ ▇▇▇▇▇▇▇▇ Shenyang hereby irrevocably and without any additional conditions with an Equity Call Option and an Asset Call Option (hereinafter collectively the "CALL OPTION") , under which Yuezhong Shenyang shall have the right to require the Shareholders to transfer the Option Equity, or the Target Company to transfer the Transferred Asset to Yuezhong Shenyang or its designated entity or individual in such method as set out herein and as permitted by PRC Law. Yuezhong Shenyang also agrees to accept such Call Option. 2.2 In case of Yuezhong Shenyang exercising the call option in its sole discretion upon the occurrence of the situation in which such call option exercise become feasible under the relevant laws in PRC, any additional consideration paid other than the $1.00 which may be required under the laws of China to effect such purchase to comply with such legal formalities shall be either canceled or returned to Yuezhong Shenyang immediately with no additional compensation to the Shareholders or the Target Company. The Shareholders and the Target Company hereby acknowledge the purpose of such provisions and hereby agrees and authorizes Yuezhong Shenyang to take any and all actions to effect such transaction and agrees irrevocably to execute any and all documents and instruments and authorize Yuezhong Shenyang's relevant officers to sign on his or her behalf and hereby gives Yuezhong Shenyang and any of its relevant officers a proxy to execute and deliver such documents and instruments to effect the purpose of this provision and hereby waives any defense or claim of causes of action to challenge or defeat this provision.

Grant of Call Option. 2.1 Operator agrees that Operator hereby exclusively, irrevocably, and without any additional conditions grants Xinjiang United Family with a Call Option, under which Xinjiang United Family shall have the right to require Operator to transfer the Transferred Asset to Xinjiang United Family or its designated entity or individual in such method as set out herein and as permitted by PRC Law. Xinjiang United Family also agrees to accept such a Call Option. 2.2 In case of Xinjiang United Family exercising the Call Option in its sole discretion upon the occurrence of the situation in which such call option exercise become feasible under the relevant laws in PRC, any additional consideration paid other than the $1.00 which may be required under PRC Law to effect such purchase to comply with such legal formalities shall be either canceled or returned to Xinjiang United Family immediately with no additional compensation to Operator. Operator hereby acknowledges the purpose of such provisions and hereby agrees and authorizes Xinjiang United Family to take any and all actions to effect such transaction and agrees irrevocably to execute any and all documents and instruments and authorizes Xinjiang United Family’s relevant officers to sign on his or her behalf and hereby gives Xinjiang United Family and any of its relevant officers a proxy to execute and deliver such documents and instruments to effect the purpose of this provision and hereby waives any defense or claim of causes of action to challenge or defeat this provision.

Grant of Call Option. The Parties agree that the Shareholder exclusively grant CETL hereby irrevocably and without any additional conditions with a Call Option, under which CETL shall have the right to require the Shareholder to transfer the Option Equity to CETL or its designated entity or individual in such method as set out herein and as permitted by Laws of China. CETL also agrees to accept such Call Option. In case of CETL exercising the call option in its sole discretion upon the occurrence of the situation in which such call option exercise become feasible under the relevant laws in China, any additional consideration paid other than the RMB 1.00 which may be required under the laws of China to effect such purchase to comply with such legal formalities shall be either cancelled or returned to the company immediately with no additional compensation to the HEZL and Shareholder. HEZL and Shareholder hereby acknowledge the purpose of such provisions and hereby agrees and authorizes the company to take any and all actions to effect such transaction and agrees irrevocably to execute any and all documents and instruments and authorize the company's relevant officers to sign on his or his behalf and hereby gives the company and any of its relevant officers a proxy to execute and deliver such documents and instruments to effect the purpose of this provision and hereby waives any defense or claim of causes of action to challenge or defeat this provision.

Grant of Call Option. 2.1 Party B hereby irrevocably and exclusively grant Party A the Call Option, the right that allows Party A and any third party designated by Party A to subscribe for all or part of the equity interest held by Party B in Beijing Le’An. 2.2 To the extent permitted by the laws of China, Party A and/or any third party designated by Party A shall have the right to exercise the Call Option at any time during the term of this Agreement, to obtain necessary government approvals and complete required registration procedures (if required, including the evaluation procedures), and to obtain and maintain the Equity in Beijing Le’An. Party A and/or any third party designated by Party A shall become the lawful holder of the Equity in Beijing Le’An, and shall have the right to obtain all shareholder rights according to its shareholding ratio. 2.3 Without Party A’s written consent, Party B shall not grant to any third party any rights, senior to or on a parity with Call Option.

Grant of Call Option. 1. The Purchaser hereby grants to Seller an option to repurchase the Company (such option, the “Call Option”), at a purchase price equal to (i) the Purchase Price plus an amount of simple interest on such Purchase Price equal to 10% per annum based on the number of days elapsed between the Closing and the date Seller delivers the Call Option Exercise Notice (defined below) and assuming a 365-day year if the Call Option Exercise Notice is delivered on or prior to the 24-month anniversary of the Closing or (ii) at a purchase price agreed upon by Purchaser and Seller or, if they cannot agree, the midway point of the valuation range determined by a third-party appraisal company jointly selected by the parties if the Call Option Exercise Notice is delivered after the 24-month anniversary of the Closing (the “Option Purchase Price”). The Call Option may only be exercised upon an event outside the Seller’s and Purchaser’s control which (i) could reasonably be expected to have a material and adverse impact on the standing of the Purchaser on its primary exchange or (ii) upon a federal ban of consumable hemp-derived THC products. This Call Option will expire on the five (5) year anniversary of the Closing unless duly exercised by the Seller prior to such date. 2. To exercise the Call Option, the Seller must deliver a written notice to the Purchaser prior to the five (5) year anniversary of the Closing referencing this Section 6.7 and stating its intention to exercise the Call Option (the “Call Option Exercise Notice”) on the date that is five (5) business days following the date of the Call Option Exercise Notice or such date as may be mutually agreed to by the Seller and the Purchaser. The aggregate Option Purchase Price (as determined in accordance with Section 6.7(a)(1)) shall be paid by the Seller to the Purchaser pursuant to a wire transfer of immediately available funds to an account designated in writing to the Seller by the Purchaser upon the closing of Seller’s repurchase of the Company. 3. Notwithstanding the foregoing, in connection with an exercise of the Call Option permitted hereunder, in lieu of repurchasing the Membership Interests, the Seller may instead elect to repurchase all or any portion of the trademark(s) listed in Exhibit A of the License Agreement (including any related marks obtained after the Closing) (a “Trademark Repurchase”). To effect a Trademark Repurchase, the Seller must deliver a Call Option Exercise Notice to the Purchaser in th...

Grant of Call Option. In consideration of the relevant Secured Parties agreeing to purchase the Equipment Notes and the sum of US$10 paid by the Subordination Agent to the Shareholder (receipt of which is hereby acknowledged), the Shareholder hereby grants the Subordination Agent the option (exercisable at the discretion of the Subordination Agent in accordance with terms of this Agreement) to require the Shareholder to transfer the Shares on the Completion Date, to the Subordination Agent or a Trustee Nominee (on behalf of the Subordination Agent) for the Option Consideration.