TRANSFER OPTION. The Licensor hereby grants to the Licensee the option to acquire all assets now or in the future comprising the Processing Technology and Facilities at the current locations of Huizhou, Guangdong and Wan An Jiangxi, People's Republic of China at any time during the Term following the payment of the Licensing Fee Shares for the purchase price of US$1.00 provided that Licensor concurrently assumes all obligations and liability of a loan owing to the China Construction Bank, in an amount not to exceed RMB25,450,000
Appears in 2 contracts
Sources: Manufacturing Licensing Agreement, Manufacturing Licensing Agreement (China Granite Corp)