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 name of the Designee(s) if any; (b) the portion of equity interests to be purchased by Party A or the Designee from Party B (the “Optioned Interests”); and (c) the date for purchasing the Optioned Interests or the date for transfer of the Optioned Interests. To the extent PRC laws permit Party A and/or its designated foreign-invested enterprise or foreign entities to directly hold partial or whole equity of Party C and operates games and other restricted/prohibited businesses through Party C, Party A shall exercise the Equity Interest Purchase Option Notice in the fastest practical time, the equity ratio of Party C which to be purchased from Party B by the designated person shall not be more than the maximum equity ratio that Party A and/or its designated foreign-invested enterprise or foreign entities are permitted to hold under the applicable PRC laws.

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 name of the Designee(s) if any; (b) the portion of equity interests to be purchased by Party A or the Designee Designee(s) from Party B (the “Optioned Interests”); and (c) the date for purchasing the Optioned Interests or the date for transfer of the Optioned Interests. To the extent the PRC laws permit law permits Party A and/or its designated foreign-invested enterprise or foreign entities to directly hold partial or whole equity of Party C and operates games and other operate restricted/prohibited businesses through Party C, Party A shall exercise the Equity Interest Purchase Option Notice in the fastest practical time, the equity ratio of Party C which to be purchased from Party B by the designated person shall not be more than the maximum equity ratio that Party A and/or its designated foreign-invested enterprise or foreign entities are permitted to hold under the applicable PRC laws.