Timing of Exercise. 2.1.1 The Grantor agrees that the WFOE in its sole discretion may at any time, and from time to time after the date hereof, exercise the Option granted by the Grantor, in whole or in part, to acquire all or any portion of his Equity Interest. 2.1.2 For the avoidance of doubt, the Grantor hereby agrees that the WFOE shall be entitled to exercise the Option granted by the Grantor for an unlimited number of times, until all of his Equity Interest have been acquired by the WFOE. 2.1.3 The Grantor agrees that the WFOE may designate in its sole discretion any third party to exercise the Option granted by the Grantor on its behalf, in which case the WFOE shall provide written notice to the Grantor at the time the Option granted by the Grantor is exercised.
Appears in 9 contracts
Sources: Equity Option Agreement (Kaixin Auto Holdings), Equity Option Agreement (Kaixin Auto Holdings), Equity Option Agreement (Renren Inc.)
Timing of Exercise. 2.1.1 The Grantor agrees that the WFOE in its sole discretion may at any time, and from time to time after the date hereof, exercise exercises the Option granted by the Grantor, in whole or in part, to acquire all or any portion of his Equity Interest.
2.1.2 For the avoidance of doubt, the Grantor hereby agrees that the WFOE shall be entitled to exercise the Option granted by the Grantor for an unlimited number of times, until all of his Equity Interest have been acquired by the WFOE.
2.1.3 The Grantor agrees that the WFOE may designate in its sole discretion any third party to exercise the Option granted by the Grantor on its behalf, in which case the WFOE shall provide written notice to the Grantor at the time the Option granted by the Grantor is exercised.
Appears in 2 contracts
Sources: Equity Option Agreement (Kaixin Auto Holdings), Equity Option Agreement (Renren Inc.)