Common use of Subscription of Parent Shares Clause in Contracts

Subscription of Parent Shares. Immediately prior to the Closing, in consideration for the cancellation of the Securities held by the Shareholder in accordance with Section 2.1, Parent shall issue to the Shareholder (or, if designated by the Shareholder in writing, an Affiliate of the Shareholder), and the Shareholder or its Affiliate (as applicable) shall subscribe for, such number of newly issued ordinary shares of Parent without par value (the “Parent Shares”) as jointly determined by CNshangquan Limited (“CNshangquan”), 北京信中利投资股份有限公司, a company organized and existing under the Laws of the PRC (“Sponsor”) and the Shareholder. The Shareholder hereby acknowledges and agrees that (a) delivery of such Parent Shares shall constitute complete satisfaction of all obligations towards or sums due to the Shareholder by Parent and Merger Sub in respect of the Securities held by the Shareholder and cancelled at the Closing as contemplated by Section 2.1 above, and (b) the Shareholder shall have no right to any Merger Consideration in respect of the Securities held by the Shareholder.