課件分析教案37procurement company shareholders resolutions

SHAREPURCHASETHISSHAREPURCHASEAGREEMENT(this"Agreement")ismadeandenteredintoasof10October,2014(the"SigningDate")byandamong:GreenDragonAdvisory,a limitedbysharesincorporatedandexistingunderthelawsofBritishVirginIslands(the""),thepartieslistedonPartIofExhibitAattachedhereto(the"Founders"andeacha"Founder");thepartieslistedonPartIIofExhibitAattachedhereto(the“MajorthepartieslistedonPartIIIofExhibitAattachedhereto(“ContractingGroupCompanies”andeacha“ContractingGroup”);andthepartieslistedonPartIVofExhibitAattachedhereto(the"Investors",andeachanEachoftheforgoingpartiesisreferredtohereinindividuallyasa"Party"andcollectivelyasthe"Parties".TheisaBritishVirginIslands limitedbysharesestablishedasa onDecember16,2013withitsprincipalceofbusinessinthePeople’sRepublic (the“PRC”,which,forpurposeofthisAgreement,doesnotincludetheHongKongorMacauSARs,or region).TheGroupCompaniesareprimarilyengagedintheestablishmentandexpansionofbusinessinlaser-lightfacialcleaningservicesandotherrelatedaestheticproductsandservices(the“PrincipalBusiness”),abusinesswhichoriginatedwithAMPPL(definedinExhibitB).TheInvestorsdesiretoinvestinthebysubscribingforandpurchasingcertainpreferredshares,andthedesirestoissueandsellsuchpreferredsharestotheInvestors,pursuanttothetermsandsubjecttotheconditionsofthisAgreement.ThePartiesdesiretoenterintothisAgreementandmaketherespectiverepresentations,warranties,covenantsandagreementssetforthhereinonthetermsandconditionssetforthherein.NOW,THEREFORE,inconsiderationoftheforegoingrecitals,themutualpromiseshereinaftersetforth,andothergoodandvaluableconsideration,thereceiptandsufficiencyofwhichareherebyacknowledged,thePartiesherebyagreeasfollows:UnlessotherwisedefinedinthisAgreement,capitalizedtermsusedinthisAgreementshallhavethemeaningssetforthinExhibitB. PurchaseandSaleofSeriesAPreferredShares.SubjecttothetermsandconditionsofthisAgreement,theagreestoissueandselltotheInvestorsanaggregatenumberof1,192,308SeriesAPreferredShares(the"PurchaseShares")foranaggregatepurchasepriceofUS$5,000,000(the"AggregatePurchasePrice").TheInvestorsagreetosubscribeforandpurchasefromtheitsportionofthePurchaseSharesforitsportionoftheAggregatePurchasePriceattheClosingassetforthoppositesuchInvestors'nameonPartIVofExhibitA.TheInvestorsshallpayitsapplicableamountoftheAggregatePurchasePriceattheClosingbywiretransferofimmediayavailablefundstothebankaccountdesignatedbythepriortotheClosing.FFCapital’sPurchaseofNewSeriesAPreferredShares.SubjecttothetermsandconditionsofthisAgreement,theagreestograntFFCapital("FFCapital")arighttopurchaseattheClosingatotalnumberof851,648SeriesAPreferredShares(the"FFCapital’sPurchaseShares")whichwillaccountfor8.696%ofthe'soutstandingshares(calculatedonafully-dilutedbasis)atapurchasepriceofUS$4,000,000(the"FFCapital’sPurchasePrice").FFCapitalshallpayFFCapital’sPurchaseSharesbywiretransferofimmediayavailablefundstothebankaccountdesignatedbythe.Closing.TheconsummationoftheissueandpurchaseofthePurchaseSharesshalltakeceremoyviatheexchangeofsandsignaturesonthedateoftheClosing(the"ClosingDate"),whichshallbenolaterthanfifteen(15)BusinessDaysafterallClosingConditionshavebeensatisfiedorwaived(orsuchothertimeandceastheandtheInvestorsshallmutuallyagree)(the“Closing”).ClosingDeliverables.AttheClosing,the shalldeliver(orcausetobedelivered)totheInvestorsacertifiedtruecopyofthe 'supdatedregisterofmembers,reflectingsuchInvestors’ownershipofthePurchaseShares,and,totheextentnotpreviouslydelivered,suchs,instrumentsanditemsrequiredtobedeliveredinconnectionwiththesatisfactionoftheClosingConditionsinrespectofsuchClosing.Withinseven(7)BusinessDaysaftertheClosingDate,theshalldelivertotheInvestorsoriginalsharesissuedtosuchInvestorsrepresentingthePurchaseSharespurchasedbysuchInvestorsatsuchClosingPayment.AttheClosingandagainstthedeliveryoftheitemspursuanttoSection3.2(i)above,theInvestorsshallpayitsportionoftheAggregatePurchasePricepayableincashattheClosingtothebywiretransferofimmediayavailablefundstoabankaccountdesignatedbythe.TheshallprovideitsbankaccountinformationtotheInvestorsatleastthree(3)BusinessDayspriortotheClosingDate.REPRESENTATIONSANDRepresentationsandWarrantiesofCovenantors.SubjecttosuchexceptionsasmaybespecificallysetforthintheDisclosureScheduleattachedheretoasExhibitE(the“DisclosureSchedule”),eachoftheFounders,theMajorShareholder,andeachoftheContractingGroupCompanies(collectively,the“Covenantors”andeacha“Covenantor”)hereby,jointlyandseverally,representsandwarrantstotheInvestorsthateachofthestatementscontainedinExhibitDattachedhereto(the“CovenantorRepresentationsandWarranties”)istrue,correctandcompleteasoftheSigningDateandwillbetrue,correctandcompleteasoftheClosingDate.RepresentationsandWarrantiesoftheInvestors.EachoftheInvestorsherebyseverallyrepresentsandwarrantstotheCovenantorsthattherepresentationsandwarrantiessetforthinthisSection4.2(the“InvestorsRepresentationsandWarranties”)aretrueandcorrectasoftheSigningDateandwillbetrueandcorrectasoftheClosingDate:DueOrganization.SuchInvestorisdulyincorporated,organized,validlyexistingandingoodstanding(orequivalentstatusintherelevantjurisdiction)underthelawsofthejurisdictionofitsincorporationororganization.Authorization.SuchInvestorhasallrequisitepower,authorityandcapacitytoenterintotheTransactionstowhichitisaparty,andtoperformitsobligationshereunderandthereunder.EachTransactiontowhichitisapartyhasbeendulyauthorized,executedanddeliveredbysuchInvestor.EachTransactiontowhichsuchInvestorisaparty,whenexecutedanddeliveredbysuchInvestor,willconstitutevalidandlegallybindingobligationsofit,enableagainstitinaccordancewithitsterms.ConditionstoClosing.TheobligationoftheInvestorstopurchasethePurchaseSharesandpaytheclosingpaymentontheClosingDateissubjecttothesatisfaction,orwaiverbytheInvestors,ofeachofthefollowingconditions(the“ClosingConditions”):RepresentationsandWarranties.TheCovenantorRepresentationsandWarrantiesshallbetrueandcorrectandcompleteasoftheSigningDateandasoftheClosingDate,withthesame andeffectasiftheyweremadeonandasofsuchdate.PerformanceofObligations.EachCovenantorshallhaveperformedandcompliedwithallagreements,obligationsandconditionsthatarerequiredbytheTransactionstobeperformedorcompliedwithbyitonorbeforetheProceedingsand s.AllcorporateandotherproceedingsinconnectionwiththetransactionscontemtedunderthisAgreementandtheother sandall sandinstrumentstosuchtransactionsshallbecompletedandreasonablysatisfactoryinsubstanceandformtotheApprovals.Allapproval,authorizationorconsentwhicharerequiredtobeobtainedbyeachCovenantorinconnectionwiththeconsummationofthetransactionscontemtedunderthisAgreementandtheotherTransactionswillhavebeenobtainedpriortoandbeeffectiveasoftheClosing. MemorandumandArticles.TheamendedandrestatedmemorandumandarticlesofassociationsintheformattachedheretoasPartIofExhibitG(the“MemorandumandArticles”)shallhavebeendulyadoptedbyallnecessaryactionoftheboardofdirectorsandthemembersofthe,andtheMemorandumandArticlesshallhave eeffectivepriortotheClosingwithnoamendmentasoftheClosing.ShareholdersAgreement.TheshareholdersagreementintheformattachedheretoasPartIIofExhibitG(the“ShareholdersAgreement”)shallhavebeendulyexecutedanddeliveredbythepartiesthereto.ityand petitionAgreement.EachoftheKey petitionandassignmentofinventionagreementinformandsubstancereasonablysatisfactorytotheCovenantorResolutions.TheInvestorsshallhavereceivedacertifiedtruecopyofthedirectorsresolutionsandifapplicableshareholders’resolutionsofeachCovenantor(otherthantheFounders)(certifiedbyadirectororthesecretaryofsuchCovenantor)intheagreedform,approvingtheexecution,deliveryandperformanceofeachTransactiontowhichsuchCovenantorisaparty.Boardofthe.TheboardofdirectorsoftheshallhavebeenconstitutedinaccordancewiththeShareholdersAgreement,andtheInvestorsshallhavereceivedacertifiedtruecopy(certifiedbyadirectororthesecretaryofthe)oftheregisterofdirectorsoftheevidencingtheappointmentofsuchdirector(s).BoardoftheotherGroupCompanies.IfsoelectedbytheInvestors,thenominee(s)oftheInvestorsshallhavebeenappointedtotheboardofdirectorsoftheGroupCompaniesinaccordancewiththeShareholdersAgreement,andtheInvestorsshallhavereceivedacertifiedtruecopy(certifiedbyadirectororthesecretaryofthe)oftheregisterofdirectorsoftherelevantGroupevidencingtheappointmentofsuchdirector(s).DueDiligence.TheInvestors’duediligenceinvestigationoftheGroupCompaniesshallhavebeencompletedtotheirreasonablesatisfaction.ApprovalforInvestment.TheInvestorsshallhaveobtainednecessaryinternalapprovalsinconnectionwiththeconsummationofthetransactionscontemtedunderthisAgreementandtheotherTransaction NoMaterialAdverseEffect.ThereisnomaterialadverseeffectonanyoftheGroupCompaniesoritsbusiness.ofGoodStanding.TheInvestorsshallhavereceivedaofGoodStandingandofIncumbencyforeachCovenantor(otherthantheFounders)incorporatedotherwisethaninHongKongandthePRCwithdateofissuenotearlierthanfive(5)BusinessDayspriortotheClosingDate.ofContinuingRegistration.TheInvestorsshallhavereceivedaofContinuingRegistrationforeachCovenantorincorporatedinHongKongissuedbytheCompaniesRegistryofHongKongwithdateofissuenotearlierthanfive(5)BusinessDayspriortotheClosingDate.CompletionofRestructuring.TheCovenantorsshallcomplete(orcausetobecompleted),tothesatisfactionoftheInvestors,therestructuringstepsinaccordancewiththeRestructuringnassetoutinExhibitF(then”),andcomplywiththerequirementsoftheRestructuringExecutionofNomineeAgreement.EachofFangJianlinandYuQiangshallenterintoanomineeagreementwiththe ,whichshallstipulatethatalltheequityinterestsoftheProcurement ,theDirectOperationandtheFranchiseHoldingthatFangJianlinandYuQiangholdundertheirnamesareonbehalfofandforthebenefitoftheandsuchnomineeagreementsshallbeinformandsubstancereasonablysatisfactorytotheInvestors.RockStarAdvisorsshallenterintoanomineeagreementwithFangJianlin,whichshallstipulatethat5%equityinterestsofthethatRockStarAdvisorsholdsunderitsnameareonbehalfofandforthebenefitoftheFangJianlin,andsuchnomineeagreementshallbeinformandsubstancereasonablysatisfactorytotheTransferofName.Wei&Lun(Shanghai)InvestmentConsultingCo.,(偉與倫（）投資咨詢)hascompletedthetransferofthenameof“ ”andtheICPLicensetooneoftheDomesticOperationCompaniesdesignatedbytheInvestorsforanominalconsideration.SupplementalAgreementwithAMPPL.TheshallhaveenteredintoaSupplementalAgreementwithAMPPLforafurtherclarificationandcleardefinitionoftheterm“GrossTurn-over”andaclearcalculationformulaoftheLegalOpinions.TheInvestorsshallhavereceivedlegalopinionsissuedbytheBritishVirginIslandslegalcounsel,HongKonglegalcounsel,andPRClegalcounselofthewhichareacceptabletotheInvestorsandaddressedtotheInvestorsinsuchformsandsubstancesatisfactorytotheInvestors.Completion.EachCovenantorshallhavedeliveredtotheInvestorsa,datedtheClosingDate,certifyingthattheconditionsprecedentspecifiedinSection5.1havebeenfulfilled.ernmentAuthority.TherebeingnoernmentAuthoritythatrequestedanyinformationinconnectionwithorinstitutedorthreatenedanyactionorinvestigationtorestrain,prohibitorotherwisechallengetheissueofthePurchaseSharestotheInvestorsortheothertransactionscontemtedbytheTransaction stowhichanyInvestorisaparty;threatenedtotakeanyactionasaresultoforinanticipationoftheissueofthePurchaseSharestotheInvestorsortheothertransactionscontemtedbytheTransaction stowhichanyInvestorisaparty;orproposedorenactedanyapplicablelawswhichwouldprohibit,restrictordelaytheissueofthePurchaseSharestotheInvestors,theothertransactionscontemtedbytheTransactionstowhichanyInvestorisaparty,ortheoperationofanyGroupaftertheClosing.RestraintorProhibition.Therebeingnoinjunction,restrainingorderorotherorderoranyotherlegalorregulatoryrestraintorprohibitionhavingbeenissuedormadebyanycourtofcompetentjurisdictionorernmentauthorityineffectprecludingorprohibitingconsummationofanypartofthetransactionscontemtedundertheTransactions.InformationrelatedtoTerenceandNelson.OCBCshallhavereceived,toitssatisfaction,adetailedlistofthefollowinginformationfromeachofTerenceandNelsonfromthedateonwhichtheisincorporatedtotheClosingDate:rentaltravellingexpenses;alCovenantors’Post-ClosingObligations.UnlessotherwisewaivedbytheInvestors,aftertheClosingtheCovenantorsjointlyandseverallyundertaketoperformorprocuretheperformanceofthefollowingobligations:BoardNomination.FollowingtheClosing,ifsoelectedbytheInvestors,thenominee(s)oftheInvestorsshallhavebeenappointedtotheboardofdirectorsoftheHK,theNewWFOEandtheDomesticOperationCompaniesinaccordancewiththeShareholdersAgreement.TransferofEquityInterestoftheLicensedPPPClinics.FollowingtheClosing,theGroupCompaniesshallcause,tothe umextentpermittedbytheapplicablelaws,theequityinterestsofanyandallPPPClinicswhichhaveobtainedallpermits,licensesorotherernmentalapprovalsnecessaryforitsbusinessandoperations(the“LicensedPPPClinics”),totheNewWFOE.Tothe umextentpermittedbytheapplicablelaws,anyfutureassets(includingmaterialinlectualproperties)oftheGroupshallbeownedintheNewWFOE’sname,andanyfuturebusinesscontractsshallbeenteredintobytheNewWFOE.TheNewWFOEshallbetheprimaryoperationalentityrelatedtothePrincipalStandardizationofBusinessCooperationwithLocalBusinessPartner.FollowingtheClosing,GroupCompaniesshallfurtherstandardizethebusinesscooperationwiththeirlocalbusinesspartners.SuchstandardizationshallbeinformandsubstancereasonablysatisfactorytotheInvestors,andshallincludebutnotlimitedto(i)securingprotectionforPPP’slogo,trademark,patent,know-how(ii)supervisingthebusinessoperation(products,proceduresandservicesintheconnectionwithlaser-lightcleaningservicesandprocedures)conductedbythelocalbusinesspartnersareinfullcompliancewiththepatternsetbytheGroupCompanies;and(iii)revisingandamendingrelatedlegalstoreflectGroupCompanies’rightsandprivilegesasagreedamongthepartiestherein.EstablishmentoftheDomesticHolding.FollowingtheClosingandassoonaspracticable,theandtheFoundersshallcausetoestablishalimitedliability undertheapplicablePRClaw(the“DomesticHoldingEquityTransferoftheDomesticOperationCompanies.TheandtheFoundersshallfurthercausetheshareholdersoftheDirectOperation,theFranchiseHolding,theProcurement,andtheOldWFOE(collectivelythe“DomesticOperationCompanies”)totransferalltheequityintereststheyholdtotheDomesticHoldingforanominalconsiderationto umextentpermittedbytheapplicablelaws.TheprecedingequitytransfershallcausetheDomesticHoldingtobesoleshareholderofalloftheoperationentitiesforthePrincipalBusiness.TransferofAssetsandBusinessContracts.Iftheboardofdirectorsoftheconsidersfitanddesirableforthe’sbusinessinterest,thematerialassets(includingmaterialinlectualproperties)andthebusinesscontractsoftheDomesticHoldingCompaniesandtheDomesticOperationCompaniesshall,totheumextentpermittedbytheapplicablelaws,betransferredtotheNewWFOE.Tothe umextentpermittedbytheapplicablelaws,anyfuturethematerialassets(includingmaterialinlectualproperties)oftheGroupshallbeownedintheNewWFOE’snameandanyfuturebusinesscontractshallbeenteredintobytheNewTransferofKeyEmployees.TheemploymentrelationshipofthemanagementemployeesandotherKeyEmployeesoftheDomesticHoldingandtheDomesticOperationCompaniesasrequestedbytheInvestorsshallbetransferredtotheNewWFOEfollowingtheClosingandassoonaspracticable.Tothe umextentpermittedbyapplicablelaws,anyKeyEmployeeoftheGroupshallbeemployedbytheNewWFOE.NewClinicsOpening.Assoonaspracticable,butinanyeventnolaterthantwelve(12)monthsafterClosing,opentwenty(20)newPPPClinicsinthePRC.UseofProceeds.TheproceedsofthesaleofthePurchaseSharesshallbeusedforthebusinessdevelopmentandworkingcapitaloftheGroupinaccordancewiththebudgetandbusinessnasapprovedbytheInvestors.Anti-Corruption.EachoftheGroupCompaniescovenantsthatitshallnot,andshallnotpermitanyofitssubsidiariesoraffiliatesoranyofitsortheirrespectivedirectors,officers,managers,employees,independentcontractors,representativesoragentsto,promise,authorizeormakeanypaymentto,orotherwisecontributeanyitemofvalueto,directlyorindirectly,anythirdparty,includinganynon-U.S.official,ineachcase,inviolationoftheForeignCorruptPracticesAct,theU.K.BriberyAct,oranyotherapplicableanti-briberyoranti-corruptionlawofanyotherjurisdiction.EachoftheGroupCompaniesfurthercovenantsthatitshall,andshallcauseeachofitssubsidiariesandaffiliatesto, ceaseallofitsortheirrespectiveactivities,aswellasremediateanyactionstakenbysuchGroup,itssubsidiariesoraffiliates,oranyoftheirrespectivedirectors,officers,managers,employees,independentcontractors,representativesoragentsinviolationoftheForeignCorruptPracticesAct,theU.K.BriberyAct,oranyotherapplicableanti-briberyoranti-corruptionlawofanyotherjurisdiction.EachoftheGroupCompaniesfurthercovenantsthatitshall,andshallcauseeachofitssubsidiariesandaffiliatesto,maintainsystemsofinternalcontrols(including,butnotlimitedto,accountingsystems,purchasingsystemsandbillingsystems)toensurecompliancewiththeForeignCorruptPracticesAct,theU.K.BriberyAct,oranyotherapplicableanti-briberyoranti-corruptionlawofanyotherjurisdiction.IndemnityforHistoricalLiabilities.TheCovenantorsshalljointlyandseverallyindemnifytheInvestorsforanylosssufferedbysuchInvestorsasaresultof(i)anyGroup’sfailuretoacquireallpermits,licensesorotherernmentalapprovalsnecessaryforanyGroup’sPrincipalBusinessandoperationsforanytimeperiodpriortotheClosing;(ii)anyGroup’stocomplywithanyapplicablelawsduringanytimepriortotheClosinganylitigation,arbitration,orinvestigationsthatarebroughtagainstanyGrouppriortotheClosing.CompliancewithLaws.TheCovenantorsshallcausetheGroupCompaniestoconducttheirrespectivebusinessasnowconductedandasproposedtobeconductedincompliancewithallapplicablelawsonacontinuingbasis,includingbutnotlimitedtothelawsregardingforeigninvestments,corporateregistrationandfiling,importandexport,customsadministration,foreign exchange,advertisement,munication,financialservices,inlectualpropertyrights,taxation,laborandsocialwelfare,welfarefunds,socialbenefits,medicalbenefits,insurance,retirementbenefits,andpensionsorthelike.EachoftheGroupCompaniesshall,andeachoftheCovenantorsshallcausesuchGroupto,atalltimesmaintaintheappropriateernmentalpermitsorlicenseswhenandasrequiredbytheapplicablelawsorrelevanternmentauthoritytoconductitsrespectivebusiness.SatisfactionofConditions.TheCovenantorsshallusetheirrespectivebestefforttosatisfy(orcausethesatisfactionof)theClosingConditionsassoonasConsent.BetweentheSigningDateandtheClosingDate,theCovenantorsshallprocurethatnoindividualtransactionsinexcessofUS$100,000byanyGrouporanychangeintheequityinterestofanyGroupshalloccurwithouttheInvestors’priorwrittenconsent.FeesandExpenses.ThePartiesshallpayalloftheirowncostsandexpensesincurredinconnectionwiththenegotiation,execution,deliveryandperformanceofthisAgreementandotherTransaction sandthetransactionscontemtedherebyandthereby;providedthattheshallbearthefeesandexpenseofthelegalcounselsselectedbyOCBCforthetransactionscontemtedhereunderintheamountofUS$50,000,andtheshallreimbursesuchamounttoOCBCatClosing.Exclusivity.BetweentheSigningDateandtheClosingDate,theCovenantorsshallnot,andtheyshallnotpermitanyoftheirRepresentativesto,negotiateorengageinanytransactionsimilartothetransactionscontemtedhereinorwithrespecttothesaleofalloranymaterialpartoftheassetsofanyGroupwithanypartyotherthantheInvestors.EachCovenantorshallnotifytheInvestors(withinthree(3)BusinessDays)inquirymadebyathirdpartywithrespecttothesaleofanyorallofthePurchaseSharesoralloranymaterialpartoftheassetsofanyGroupand,ifsuchproposalorinquiryisinwriting,shalldelivertotheInvestorsacopyofsuchinquiryorproposal.ity.FromtheSigningDate,eachPartyshall,andshallcauseanywhoisControlledbysuchPartyto,keeptheexistenceandcontentofthisAgreement,theotherTransactionsandanyrelatedation,theidentitiesofanyoftheParties,andotherinformationofanon-publicnaturereceivedfromanyotherPartyorpreparedbysuchPartyexclusivelyinconnectionherewithortherewith(collectively,the“Information”)exceptastheandtheInvestorsshallmutuallyagreeotherwise;provided,thatanyPartyheretomaydiscloseInformationorpermitthedisclosureofInformation(a)totheextentrequiredbyapplicablelawsortherulesofanystockexchange;providedthatsuchPartyshall,wherepracticableandtotheextentpermittedbyapplicablelaws,providetheotherPartieswithpromptwrittennoticeofthatfactanduseallreasonableeffortstoseek(withthecooperationandreasonableeffortsoftheotherParties)aprotectiveorder,treatmentorotherappropriateremedy;andinsuchevent,suchPartyshallfurnishonlythatportionoftheinformationwhichislegallyrequiredtobedisclosedandshallexercisereasonableeffortstokeepsuchinformationtotheextentreasonablyrequestedbyanysuchotherParties,(b)toitsRepresentativesandprofessionaladvisorsonaneed-to-knowbasisfortheperformanceofitsobligationsinconnectionherewithsolongassuchPartyadviseseachtowhomanyInformationissodisclosedastothenaturethereof,(c)inthecaseofeachoftheInvestors,toitsRepresentatives,auditors,counsel,shareholders,partnersorinvestors,and(d)toitscurrentorbonafideprospectiveinvestor,investmentbankersandany otherwiseprovidingsubstantialdebtorequityfinancingtosuchPartysolongasthePartyadviseseach towhomanyInformationissodisclosedastothenaturethereof.Fortheavoidanceofdoubt,Informationdoesnotincludeinformation(i)wasalreadyinpossessionofthereceivingPartybeforesuchdisclosurebythedisclosingParty,(ii)isor esavailabletothepublicotherthanasaresultofdisclosurebythereceivingPartyinviolationofthisSection6.9,or(iii)isor esavailabletothereceivingPartyfromathirdpartywhohasnoityobligationstothedisclosingParty.ThePartiesshallnotmakeanyannouncementregardingtheconsummationofthetransactioncontem tedbythisAgreement,otherTransactionsandanyrelated ationinapressrelease,conference,advertisement,announcement,professionalortradepublication,marketingorotherwisetothegeneralpublicwithouttheInvestors’priorwrittenUseofInvestors’NameorLogo.WithoutthepriorwrittenconsentoftheInvestors,andwhetherornottheInvestorsarethentheshareholdersofthe,noneoftheGroupCompanies,theirshareholders(excludingtheInvestors),northeFoundersshalluse,publishorreproducethenamesoftheInvestorsoranysimilarnames,trademarksorlogosinanyoftheirmarketing,advertisingorpromotionmaterialsorotherwiseforanymarketing,advertisingorpromotionalpurposes.Permits.PriortotheClosingandassoonaspracticable,theDomesticOperationCompaniesshalluseallreasonableeffortstoacquireallpermits,licensesorotherernmentalapprovalsnecessaryforeachclinic’sbusinessandoperations,suchpermitsshallinclude,butarenotlimitedto,PracticingLicenseofMedicalInstitution(“《醫(yī)療機(jī)構(gòu)執(zhí)業(yè)》”)andqualificationtosellimportedcosmetics.Eachofsuchpermits,licensesorotherernmentalapprovalsshallbevalidandinfullandeffect.AMPPL’sCertainRightsinthe.AMPPLandtheDirectOperationhaveenteredintoanInlectualPropertyAgreement(the“IPAgreement”)datedAugust1,2013,whichprovidesforbothparties’cooperationinconnectionwiththeestablishmentandexpansionofbusinessinlaser-lightfacialcleaningservicesandotherrelatedaestheticproductsandservicesin.TheIPAgreementhasgrantedAMPPLcertainrights,andallthepartieshereofhavemadefurtheragreementsasfollows:AMPPL’sAwarded10%Sharesinthe.IntheeventthatthegrossturnoveroftheDomesticOperationCompaniesexceedsUSD30,000,000,RockStarAdvisorswilltransfer10%ofthe’soutstandingshares(onanas-convertedbasis)ownedbyRockStarAdvisorstoAMPPLforaminimumconsiderationpermittedbytheapplicablelaws,andsuchsharetransfershallnotresultinanydilutionorinfringementtoOCBC’sequityinterestinthe.AMPPL’sExercisingoftheCallOption.IntheeventthatthegrossturnoveroftheDomesticOperationCompaniesexceedsSingaporeDollar50,000,000,AMPPLmayexercisethecalloptiontopurchase51%sharesofthe.OCBCshallhavetherightoffirstrefusalandtherightofco-saletoparticipateinthesaleof’ssharestotheAMPPLuponAMPPL’sexercisingthesaidcalloption.RockStarAdvisors’sExercisingofthePutOption.IntheeventthatthegrossturnoveroftheDomesticOperationCompaniesexceedsSingaporeDollar70,000,000,RockStarAdvisorsmayexercisetheputoptiontosell51%sharesofthetoAMPPL.OCBCshallhavetherightoffirstrefusalandtherightofco-saletoparticipateinthesaleof’ssharestotheAMPPLuponRockStarAdvisors’sexercisingthesaidputoption.ESOP.Assoonaspracticalanduponthe