Grant of Purchase Option. Party A hereby grants Party B an irrevocable and exclusive call option (the “Option”), whereby Party B and/or any person nominated by Party B may purchase at any time during the Term of the Option (as defined below) from Party A the trade name, proprietary technology held by Party A, the registered trademarks, domain names, copyrights and patents held by Party A as set forth in the Schedule to this Agreement and all trademarks, domain names, copyrights and patents that will be submitted for registration after Party A’s execution of this Agreement, (collectively, “Intellectual Properties”), subject to the terms and conditions of this Agreement.
Appears in 3 contracts
Sources: Intellectual Properties Purchase Option Agreement (Xunlei LTD), Intellectual Properties Purchase Option Agreement (Xunlei LTD), Intellectual Properties Purchase Option Agreement (Xunlei LTD)