Common use of Grant of Transfer Option Clause in Contracts

Grant of Transfer Option. 2.1 The Existing Shareholders hereby severally and jointly agree to grant the WFOE an irrevocable and unconditional Transfer Option on an exclusive basis, under which the WFOE shall, to the extent as permitted by the PRC Laws, 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 out herein. The WFOE also agrees to accept such Transfer Option. 2.2 The Target Company hereby consents that the Existing Shareholders grant such Transfer Option to the WFOE according to Article 2.1 above and other provisions hereunder.

Grant of Transfer Option. 2.1 The Existing Shareholders Shareholder hereby severally and jointly agree agrees to grant the WFOE an irrevocable and unconditional Transfer Option on an exclusive basisOption, under which the WFOE shall, subject to the extent as permitted by the PRC LawsLaw, be entitled to require the Existing Shareholders Shareholder to transfer the Option Equity to the WFOE or its designated entity or individual in such methods as set out forth herein. The WFOE also agrees to accept such Transfer Option. 2.2 The Target Company hereby consents agrees that the Existing Shareholders grant Shareholder grants such Transfer Option to the WFOE according to Article 2.1 above and other provisions hereunder.