Common use of Notice on Exercise Clause in Contracts

Notice on Exercise. In case Party A exercises the Option hereunder, it shall notify the Grantors of such exercise in writing ten (10) business days prior to the Delivery Date (as defined below). Such notice shall cover the following contents: 2.4.1 effective delivery date (the “Delivery Date”) of the Equity after the Option is exercised; 2.4.2 name of registered holder of the Equity after the Option is exercised; 2.4.3 respective number and proportion of the Equity purchased from the Grantors; 2.4.4 exercise consideration and payment method; and 2.4.5 power of attorney (if the exercise is made by a third party designated by Party A).