Common use of Placing Agent Clause in Contracts

Placing Agent. The Issuer and the Subscriber hereby agree in respect of the Subscription Securities to appoint China Merchants Securities (HK) Co. Ltd. as the placing agent (“Placing Agent”), and the Placing Agent hereby agrees to act as the sole placing agent for the Issuer in respect of the Subscription Securities on terms and subject to conditions set out in this Agreement. For avoidance of doubt, the Placing Agent has agreed not to charge the Issuer or the Subscriber any commissions, fees or transactional charges of any kind in connection with this Agreement.

Placing Agent. The Issuer and the Subscriber hereby agree in respect of the Subscription Securities to appoint China Merchants Securities (HK) Co. Ltd. as the placing agent (“Placing Agent”), and the Placing Agent hereby agrees to act as the sole placing agent for the Issuer in respect of the Subscription Securities on terms and subject to conditions set out in this Agreement. For the avoidance of doubt, the Placing Agent has agreed shall not to charge the Issuer or the Subscriber any commissions, fees or transactional charges of any kind commission in connection with this Agreement. However, the Issuer hereby agrees to reimburse the Placing Agent for any out-of-pocket fees or transactional charges incurred by the Placing Agent in connection with the Agreement.