Reorganization and Transfer Framework. 2.1 Party B shall be responsible to procure the establishment of the New Company by the BVI Company in Beijing in the PRC, and to procure BXRT and /or its shareholders Party B(1) and Party B(2), Party A WFOE, the New Company, the BVI Company and the Natural Person Designated by Party A to execute the Relevant Contracts as listed in the checklist attached as Schedule IV Part 2 in accordance with the provisions hereunder. Party C will sell to Party A 100% outstanding shares of the BVI Company, provided that the New Company has been duly established, the Relevant Contracts have been executed and have come into effect, and all the Conditions Precedent have been met or exempt subject to Chapter 6.2 hereunder. Party B shall submit to Party A the documents evidencing the Completion of the Shares Altering Registration of BXRT in time after the Closing Date, and provide effective support to Party A and its Group by its marketing channel of TV media presently in use and its expertise, management and technical skills concerning the value-added telecommunication business, in order to strengthen the leading role of ▇▇▇ Group in the value-added telecommunication business.
Appears in 2 contracts
Sources: Shares Purchase Agreement, Shares Purchase Agreement (Tom Online Inc)