Exclusive Option Agreement文档格式.docx

Exclusive Option Agreement文档格式.docx

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【】,2008

[],CHINA

ThisExclusiveOptionAgreement（the“Agreement”）isenteredintoasof【】,2007betweenthefollowingPartiesin[].

PartyA:

[WOFE].

RegisteredAddress:

[].

LegalRepresentative:

[]

PartyB:

[individual]

AcitizenofPRC,IdentityCardNumber:

PartyC:

PartyD:

[DomesticEnterprise].

[].

InthisAgreement,PartyA,PartyB,PartyCandPartyDarecalledcollectivelyasthe“Parties”andeachofthemiscalledasthe“Party”.

WHEREAS:

1.PartyAisawhollyforeign-ownedenterpriseincorporatedunderthelawsofthePeople’sRepublicofChina（the“PRC”）;

2.PartyDisalimitedliabilitycompanyincorporatedin[]andwithbusinesslicenseissuedbythe[]MunicipalAdministrationforIndustryandCommerce;

3.AsofthedateofthisAgreementPartyBandPartyCareshareholdersof[]（hereinafterreferredtoas“[]”）andcollectivelylegallyholdalloftheequityinterestof[],ofwhichPartyBholds[]%andPartyCholds[]%.

NOW,THEREFORE,thePartiesthroughmutualnegotiationsherebyenterintothisAgreementaccordingtothefollowingtermsandconditions:

1.THEGRANTANDEXERCISEOFPURCHASEOPTION

1.1Grant:

PartyBandCherebygrantPartyAanirrevocableexclusivepurchaseoptiontopurchaseallorpartofthesharesofPartyD,currentlyownedbyanyofPartyBandC;

PartyDfurtherherebygrantPartyAanirrevocableexclusivepurchaseoptiontopurchaseallorpartoftheassetsandbusinessofPartyD,ineachcaseinaccordancewithArticle1.3ofthiscontract（the“Option”）.TheaforesaidpurchaseoptionsareirrevocableandshallbeexercisedonlybyPartyA（orthequalifiedpersonsappointedbyPartyA）.Theterm“person”usedhereinshallincludeanyentity,corporation,partnership,jointventureandnon-corporateorganizations.

1.2ExerciseProcedures:

1.2.1PartyAshallnotifyPartiesBandCinwritingpriortoexercisingitsoption（the“OptionNotice”hereinafter）.

1.2.2ThenextdayuponreceiptoftheOptionNotice,PartiesB,CandD,togetherwithpartyA（orthequalifiedpersonappointedbyPartyA）,shallpromptlycompileawholesetofdocuments（the“TransferDocuments”）tobesubmittedtothegovernmentbodiesforapprovingthesharesorassetsandbusinesstransferinconnectionwiththeOptionexercisesothatthesharesorassetsandbusinesstransfercanbetransferred,inwholeorinpart.

1.2.3UponthecompletionofthecompilationofalltheTransferDocumentsandtheTransferDocumentsbeingconfirmedbyPartyA,PartiesB,CandDshallpromptlyandunconditionallyobtain,togetherwithPartyA（orthequalifiedpersonappointedbyPartyA）,allapprovals,permissions,registrations,documentsandothernecessaryapprovalstoeffectuatethetransferofthesharesandremainingassetsandbusinessofPartyDinconnectionwiththeOptionexercise.

1.3ExerciseCondition:

PartyAmayimmediatelyexercisetheoptionofacquiringtheequityinterestsinorremainingassetsandbusinessofPartyDwheneverPartyAconsidersitnecessarytoacquirePartyDanditisdoableinaccordancewithPRClawsandregulations.

2.PriceofAcquisition

2.1PartyA,PartyBandPartyCshallenterintorelevantagreementsregardingthepriceofacquisitionbasedonthecircumstancesoftheexerciseofoption,andtheconsiderationshallberefundedtoPartyAorPartyDatnoconsiderationinanappropriatemannerdecidedbyPartyA.

2.2PartyAhasthediscretiontodecidethetimeandarrangementoftheacquisition,providedthattheacquisitionwillnotviolateanyPRClawsorregulationsthenineffect.

3.REPRESENTATIONSANDWARRANTIES

3.1EachpartyheretorepresentstotheotherPartiesthat:

（1）ithasallthenecessaryrights,powersandauthorizationstoenterintothisAgreementandperformitsdutiesandobligationshereunder;

（2）PartyBandPartyCwarrant,representandguaranteethatthisAgreement,theRestructuringExerciseortheListingshallbeincompliancewithanyandallapplicablePRClawsandshallindemnify,defendandholdharmlessPartyAandPartyDforallfines,penalties,damagesorclaimssustainedbyPartyAorPartyDarisingoutofPartyBorPartyC’sviolationofthissection;

and（3）theexecutionorperformanceofthisAgreementshallnotviolateanycontractoragreementtowhichitisapartyorbywhichitoritsassetsarebounded.

3.2PartyBandPartyCandPartyDheretorepresenttoPartyAthat:

WithrespecttotheequityinterestheldbyPartyBandPartyCinPartyD,

（1）PartyBandPartyCarelegallyregisteredshareholdersofpartyDandhavepaidPartyDthefullamountoftheirrespectiveportionsofPartyD'

sregisteredcapitalrequiredunderthePRClaws;

（2）exceptPledgeofEquityAgreement,signedbyandbetweenPartyB,CandPartyAon【day】【month】,2007in[],neitherofPartyBorPartyChasmortgagedorpledgedhissharesofPartyD,norhaseitherofthemgrantedanysecurityinterestorborrowagainsthissharesofPartyDinanyform;

and（3）neitherofPartyBorPartyChassoldorwillselltoanythirdpartyitsequityinterestsinPartyD.

WithrespecttotheassetsofwhichmaybetransferredtoPartyAatPartyA’soptionhereunder,

（1）ownsallsuchassetsandhasnotmortgagedorpledgedorotherwiseencumbersuchassets;

and

（2）hasnotsoldorwillselltoanythirdpartysuchassets.

3.3PartyDheretorepresentstoPartyAthat:

（1）itisalimitedliabilitycompanydulyregisteredandvalidlyexistingunderthePRClaw;

and

（2）itsbusinessoperationsareincompliancewithapplicablelawsofthePRCinallmaterialaspects.

4.COVENANTS

ThePartiesfurtheragreeasfollows:

4.1BeforePartyAhasacquiredalltheequity/assetsandbusinessofPartyDbyexercisingthepurchaseoptionprovidedhereunder,PartyDshallnot:

4.1.1sell,assign,mortgageorotherwisedisposeof,orcreateanyencumbranceon,anyofitsassets,operationsoranylegalorbeneficiaryinterestswithrespecttoitsrevenues（unlesssuchsale,assignment,mortgage,disposalorencumbranceisrelatingtoitsdailyoperationorhasbeendisclosedtoandagreeduponbyPartyAinwriting）;

4.1.2enterintoanytransactionwhichmaymateriallyaffectitsassets,liability,operation,shareholders’equityorotherlegalrights（unlesssuchtransactionisrelatingtoitsdailyoperationorhasbeendisclosedtoandagreeduponbyPartyAinwriting）;

and

4.1.3distributeanydividendtoitsshareholdersinanymanner.

4.2BeforePartyAhasacquiredalltheequity/assets/businessofPartyDbyexercisingthepurchaseoptionprovidedhereunder,PartyBandPartyCshallnot:

4.2.1sell,assign,mortgageorotherwisedisposeof,orcreateanyencumbranceon,anyoftheequityheldbytheminPartyD,exceptforthepledgeofsuchsharesmadeaccordingtothePledgeofEquityAgreement,signedbyandbetweenPartyB,CandPartyAon【day】【month】,2007in[].

4.3BeforePartyAhasacquiredalltheequity/assets/businessofPartyDbyexercisingthepurchaseoptionprovidedhereunder,PartyB,PartyCand/orPartyDshallnotindividuallyorcollectively:

4.3.1supplement,alteroramendthearticlesofassociationofPartyDinanymannertotheextentthatsuchsupplement,alterationoramendmentmayhaveamaterialeffectonPartyD'

sassets,liability,operation,shareholders’equityorotherlegalrights;

4.3.2causePartyDtoenterintoanytransactiontotheextentsuchtransactionmayhaveamaterialeffectonPartyD'

sassets,liability,operation,shareholders’equityorotherlegalrights（unlesssuchtransactionisrelatingtoPartyD'

sdailyoperationorhasbeendisclosedtoandagreeduponbyPartyAinwriting）;

4.4PartyBandPartyCshallentrustPartyAtomanagePartyDinaccordancewithEntrustedManagementAgreement,signedbyandbetweenPartyB,C,DandPartyAon【day】【month】,2007in[].

4.5NonCompetition:

WhenPartyAexercisestheOption,eachofPartyB,PartyCandPartyDirrevocablyandunconditionallyagreeandundertaketoPartyAthatitwillnotwithoutthepriorwrittenconsentofPartyB:

-

a.bedirectlyorindirectlyengagedorconcerned（whetherasanemployee,agent,independentcontractor,consultant,advisororotherwise）intheconductofanybusinesscompetingwithPartyA’sBusiness（the“Business”）;

b.carryonforhis/itsownaccounteitheraloneorinpartnershiporbeconcernedasadirectororshareholderinanycompanyengagedinanybusinesscompetingwiththeBusiness;

c.assistanyperson,firmorcompanywithtechnicaladviceorassistanceinrelationtoanybusinesscompetingwiththeBusiness;

d.solicitorenticeawayorattempttosolicitorenticeawaythecustomofanyperson,firm,companyororganizationwhoshallatanytimehavebeenacustomer,client,distributororagentofPartyAorinthehabitofdealingwithPartyA;

e.solicitorenticeawayorattempttosolicitorenticeawayfromPartyAanypersonwhoisanofficer,manageroremployeeofPartyAwhetherornotsuchpersonwouldcommitabreachofhiscontractofemploymentbyreasonofleavingPartyA;

f.inrelationtoanytrade,businessorcompany,useanynameinsuchawayastobecapableoforlikelytobeconfusedwiththenameofPartyAandshalluseallreasonableendeavorstoprocurethatnosuchnameshallbeusedbyanyotherperson,firmorcompany;

g.otherwisebeinterested,directlyorindirectly,inanybusinesscompetingwiththeBusiness.

5.ASSIGNMENTOFAGREEMENT

5.1