Common use of Steps for Exercise of Equity Interest Purchase Option Clause in Contracts

Steps for Exercise of Equity Interest Purchase Option. Subject to the provisions of the laws and regulations of China, Party A may exercise the Equity Interest Purchase Option by issuing a written notice to Party B (the “Equity Interest Purchase Option Notice”), specifying: (a) Party A’s decision to exercise the Equity Interest Purchase Option and the Onshore Shareholders subject to the Option (each, a “Transfer Shareholder”); (b) the total equity interests to be purchased (the “Optioned Interests”) and the portion of equity interests to be purchased from each Transfer Shareholder; and (c) the date for purchasing the Optioned Interests and/or the date for transfer of the Optioned Interests.