Common use of Grant of Call Option Clause in Contracts

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 The Parties Party A agree that the Shareholders and the Target Company exclusively g▇▇▇▇ ▇▇▇▇▇▇▇▇ Shenyang grant 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 Chengdu Qilian Trading 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 Chengdu Qilian Trading or its designated entity or individual in such method as set out herein and as permitted by PRC Law. Yuezhong Shenyang Chengdu Qilian Trading also agrees to accept such Call Option. 2.2 In case of Yuezhong Shenyang Chengdu Qilian Trading 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 Chengdu Qilian Trading immediately with no additional compensation to the Shareholders Party A or the Target Company. The Shareholders Party A and the Target Company hereby acknowledge the purpose of such provisions and hereby agrees and authorizes Yuezhong Shenyang Chengdu Qilian Trading to take any and all actions to effect such transaction and agrees irrevocably to execute any and all documents and instruments and authorize Yuezhong ShenyangChengdu Qilian Trading's relevant officers to sign on his or her behalf and hereby gives Yuezhong Shenyang Chengdu Qilian Trading 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 The Parties agree that the Shareholders and the Target Company exclusively g▇▇▇▇ ▇▇▇▇▇▇▇▇ Shenyang grant Hangzhou MYL Consulting hereby irrevocably and without any additional conditions with an Equity a Call Option and an Asset Call Option (hereinafter collectively the "CALL OPTION") Option, under which Yuezhong Shenyang Hangzhou MYL Consulting shall have the right to require the Shareholders to transfer the Option Equity, or the Target Company Equity to transfer the Transferred Asset to Yuezhong Shenyang Hangzhou MYL Consulting or its designated entity or individual in such method as set out herein and as permitted by PRC Law. Yuezhong Shenyang Hangzhou MYL Consulting also agrees to accept such Call Option. 2.2 In . in case of Yuezhong Shenyang Hangzhou MYL Consulting 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 cancelled or returned to Yuezhong Shenyang the company immediately with no additional compensation to the HANGZHOU MYL COMMERCIAL and Shareholders. HANGZHOU MYL COMMERCIAL and 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 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 Yuezhong Shenyangthe company's relevant officers to sign on his or her behalf and hereby gives Yuezhong Shenyang 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.