文本分析讲稿pany written resolutions of sole shareholder

SHAREPURCHASETHISSHAREPURCHASEAGREEMENT(this"Agreement")ismadeandenteredintoasof10October,2014(the"SigningDate")byandamong:GreenDragonAdvisory,acompanylimitedbysharesincorporatedandexistingunderthelawsofBritishVirginIslands(the"Company"),thepartieslistedonPartIofExhibitAattachedhereto(the"Founders"andeacha"Founder");thepartieslistedonPartIIofExhibitAattachedhereto(the“MajorthepartieslistedonPartIIIofExhibitAattachedhereto(“ContractingGroupCompanies”andeacha“ContractingGroupCompany”);andthepartieslistedonPartIVofExhibitAattachedhereto(the"Investors",andeachanEachoftheforgoingpartiesisreferredtohereinindividuallyasa"Party"andcollectivelyasthe"Parties".TheCompanyisaBritishVirginIslandscompanylimitedbysharesestablishedasaholdingcompanyonDecember16,2013withitsprincipalplaceofbusinessinthePeople’sRepublicofChina(the“PRC”,which,forpurposeofthisAgreement,doesnotincludetheorMacauSARs,or region).TheGroupCompaniesareprimarilyengagedintheestablishmentandexpansionofbusinessinlaser-lightfacialcleaningservicesandotherrelatedaestheticproductsandservices(the“PrincipalBusiness”),abusinesswhichoriginatedwithAMPPL(definedinExhibitB).TheInvestorsdesiretoinvestintheCompanybysubscribingforandpurchasingcertainpreferredshares,andtheCompanydesirestoissueandsellsuchpreferredsharestotheInvestors,pursuanttothetermsandsubjecttotheconditionsofthisAgreement.ThePartiesdesiretoenterintothisAgreementandmaketherespectiverepresentations,warranties,covenantsandagreementssetforthhereinonthetermsandconditionssetforthNOW,THEREFORE,inconsiderationoftheforegoingrecitals,themutualpromiseshereinaftersetforth,andothergoodandvaluableconsideration,thereceiptandsufficiencyofwhichareherebyacknowledged,thePartiesherebyagreeasfollows:UnlessotherwisedefinedinthisAgreement,capitalizedtermsusedinthisAgreementshallhavethemeaningssetforthinExhibitB.PurchaseandSaleofSeriesAPreferredShares.SubjecttothetermsandconditionsofthisAgreement,theCompanyagreestoissueandselltotheInvestorsanaggregatenumberof1,192,308SeriesAPreferredShares(the"PurchaseShares")foranaggregatepurchasepriceofUS$5,000,000(the"AggregatePurchasePrice").TheInvestorsagreetosubscribeforandpurchasefromtheCompanyitsportionofthePurchaseSharesforitsportionoftheAggregatePurchasePriceattheClosingassetforthoppositesuchInvestors'nameonPartIVofExhibitA.TheInvestorsshallpayitsapplicableamountoftheAggregatePurchasePriceattheClosingbywiretransferofimmedia yavailablefundstothebankaccountdesignatedbytheCompanypriortotheClosing.FFCapital’sPurchaseofNewSeriesAPreferredShares.SubjecttothetermsandconditionsofthisAgreement,theCompanyagreestograntFFCapital("FFCapital")arighttopurchaseattheClosingatotalnumberof851,648SeriesAPreferredShares(the"FFCapital’sPurchaseShares")whichwillaccountfor8.696%oftheCompany'soutstandingshares(calculatedonafully-dilutedbasis)atapurchasepriceofUS$4,000,000(the"FFCapital’sPurchasePrice").FFCapitalshallpayFFCapital’sPurchaseSharesbywiretransferofimmediayavailablefundstothebankaccountdesignatedbytheCompany.Closing.TheconsummationoftheissueandpurchaseofthePurchaseSharesshalltakeplaceremoyviatheexchangeofsandsignaturesonthedateoftheClosing(the"ClosingDate"),whichshallbenolaterthanfifteen(15)BusinessDaysafterallClosingConditionshavebeensatisfiedorwaived(orsuchothertimeandplaceastheCompanyandtheInvestorsshallmutuallyagree)(the“Closing”).ClosingDeliverables.AttheClosing,theCompanyshalldeliver(orcausetobedelivered)totheInvestorsacertifiedtruecopyoftheCompany'supdatedregisterofmembers,reflectingsuchInvestors’ownershipofthePurchaseShares,and,totheextentnotpreviouslydelivered,suchs,instrumentsanditemsrequiredtobedeliveredinconnectionwiththesatisfactionoftheClosingConditionsinrespectofsuchClosing.Withinseven(7)BusinessDaysaftertheClosingDate,theCompanyshalldelivertotheInvestorsoriginalsharesissuedtosuchInvestorsrepresentingthePurchaseSharespurchasedbysuchInvestorsatsuchClosing.ClosingPayment.AttheClosingandagainstthedeliveryoftheitemspursuanttoSection3.2(i)above,theInvestorsshallpayitsportionoftheAggregatePurchasePricepayableincashattheClosingtotheCompanybywiretransferofimmediayavailablefundstoabankaccountdesignatedbytheCompany.TheCompanyshallprovideitsbankaccountinformationtotheInvestorsatleastthree(3)BusinessDayspriortotheClosingDate.totheApprovals.Allapproval,authorizationorconsentwhicharerequiredtobeobtainedbyeachCovenantorinconnectionwiththeconsummationofthetransactionscontemplatedunderthisAgreementandtheotherTransactionswillhavebeenobtainedpriortoandbeeffectiveasoftheClosing. MemorandumandArticles.TheamendedandrestatedmemorandumandarticlesofassociationsintheformattachedheretoasPartIofExhibitG(the“MemorandumandArticles”)shallhavebeendulyadoptedbyallnecessaryactionoftheboardofdirectorsandthemembersoftheCompany,andtheMemorandumandArticlesshallhave eeffectivepriortotheClosingwithnoamendmentasoftheClosing.ShareholdersAgreement.TheshareholdersagreementintheformattachedheretoasPartIIofExhibitG(the“ShareholdersAgreement”)shallhavebeendulyexecutedanddeliveredbythepartiesthereto.ityand petitionAgreement.EachoftheKey petitionandassignmentofinventionagreementinformandsubstancereasonablysatisfactorytotheCovenantorResolutions.TheInvestorsshallhavereceivedacertifiedtruecopyofthedirectorsresolutionsandifapplicableshareholders’resolutionsofeachCovenantor(otherthantheFounders)(certifiedbyadirectororthesecretaryofsuchCovenantor)intheagreedform,approvingtheexecution,deliveryandperformanceofeachTransactiontowhichsuchCovenantorisaparty.BoardoftheCompany.TheboardofdirectorsoftheCompanyshallhavebeenconstitutedinaccordancewiththeShareholdersAgreement,andtheInvestorsshallhavereceivedacertifiedtruecopy(certifiedbyadirectororthesecretaryoftheCompany)oftheregisterofdirectorsoftheCompanyevidencingtheappointmentofsuchdirector(s).BoardoftheotherGroupCompanies.IfsoelectedbytheInvestors,thenominee(s)oftheInvestorsshallhavebeenappointedtothofdirectorsoftheGroupCompaniesinaccordancewiththeShareholdersAgreement,andtheInvestorsshallhavereceivedacertifiedtruecopy(certifiedbyadirectororthesecretaryoftheCompany)oftheregisterofdirectorsoftherelevantGroupCompanyevidencingtheappointmentofsuchdirector(s).DueDiligence.TheInvestors’duediligenceinvestigationoftheGroupCompaniesshallhavebeencompletedtotheirreasonablesatisfaction.ApprovalforInvestment.TheInvestorsshallhaveobtainednecessaryinternalapprovalsinconnectionwiththeconsummationofthetransactionscontemplatedunderthisAgreementandtheotherTransaction NoMaterialAdverseEffect.ThereisnomaterialadverseeffectonanyoftheGroupCompaniesoritsbusiness.ofGoodStanding.TheInvestorsshallhavereceivedaofGoodStandingandofIncumbencyforeachCovenantor(otherthantheFounders)incorporatedotherwisethaninandthePRCwithdateofissuenotearlierthanfive(5)BusinessDayspriortotheClosingDate.ofContinuingRegistration.TheInvestorsshallhavereceivedaofContinuingRegistrationforeachCovenantorincorporatedinHongKongissuedbytheCompaniesRegistryofHongKongwithdateofissuenotearlierthanfive(5)BusinessDayspriortotheClosingDate.CompletionofRestructuring.TheCovenantorsshallcomplete(orcausetobecompleted),tothesatisfactionoftheInvestors,therestructuringstepsinaccordancewiththeRestructuringPlanassetoutinExhibitF(the“RestructuringPlan”),andcomplywiththerequirementsoftheRestructuringPlan.ExecutionofNomineeAgreement.EachofFangJianlinandYuQiangshallenterintoanomineeagreementwiththeCompany,whichshallstipulatethatalltheequityinterestsoftheProcurementCompany,theDirectOperationCompanyandtheFranchiseHoldingCompanythatFangJianlinandYuQiangholdundertheirnamesareonbehalfofandforthebenefitoftheCompanyandsuchnomineeagreementsshallbeinformandsubstancereasonablysatisfactorytotheInvestors.RockStarAdvisorsshallenterintoanomineeagreementwithFangJianlin,whichshallstipulatethat5%equityinterestsoftheCompanythatRockStarAdvisorsholdsunderitsnameareonbehalfofandforthebenefitoftheFangJianlin,andsuchnomineeagreementshallbeinformandsubstancereasonablysatisfactorytotheInvestors.TransferofName.Wei&Lun(Shanghai)InvestmentConsultingCo.,(伟与伦（）投资咨询)hascompletedthetransferofthenameof“ ”andtheICPLicensetooneoftheDomesticOperationCompaniesdesignatedbytheInvestorsforanominalconsideration.SupplementalAgreementwithAMPPL.TheCompanyshallhaveenteredintoaSupplementalAgreementwithAMPPLforafurtherclarificationandcleardefinitionoftheterm“GrossTurn-over”andaclearcalculationformulaofthelicensingfeestipulatedthereunderinformandsubstancesatisfactorytotheLegalOpinions.TheInvestorsshallhavereceivedlegalopinionsissuedbytheBritishVirginIslandslegalcounsel,legalcounsel,andPRClegalcounseloftheCompanywhichareacceptabletotheInvestorsandaddressedtotheInvestorsinsuchformsandsubstancesatisfactorytotheInvestors.Completion.EachCovenantorshallhavedeliveredtotheInvestorsa,datedtheClosingDate,certifyingthattheconditionsprecedentspecifiedinSection5.1havebeenfulfilled.ernmentAuthority.TherebeingnoernmentAuthoritythatrequestedanyinformationinconnectionwithorinstitutedorthreatenedanyactionorinvestigationtorestrain,prohibitorotherwisechallengetheissueofthePurchaseSharestotheInvestorsortheothertransactionscontemplatedbytheTransaction stowhichanyInvestorisaparty;threatenedtotakeanyactionasaresultoforinanticipationoftheissueofthePurchaseSharestotheInvestorsortheothertransactionscontemplatedbytheTransaction stowhichanyInvestorisaparty;orproposedorenactedanyapplicablelawswhichwouldprohibit,restrictordelaytheissueofthePurchaseSharestotheInvestors,theothertransactionscontemplatedbytheTransactionstowhichanyInvestorisaparty,ortheoperationofanyGroupCompanyaftertheClosing.RestraintorProhibition.Therebeingnoinjunction,restrainingorderorotherorderoranyotherlegalorregulatoryrestraintorprohibitionhavingbeenissuedormadebyanycourtofcompetentjurisdictionorernmentauthorityineffectprecludingorprohibitingconsummationofanypartofthetransactionscontemplatedundertheTransactions.InformationrelatedtoTerenceandNelson.OCBCshallhavereceived,toitssatisfaction,adetailedlistofthefollowinginformationfromeachofTerenceandNelsonfromthedateonwhichtheCompanyisincorporatedtotheClosingrentaltravellingexpenses;al5.2Covenantors’Post-ClosingObligations.UnlessotherwisewaivedbytheInvestors,aftertheClosingtheCovenantorsjointlyandseverallyundertaketoperformorprocuretheperformanceofthefollowingobligations:BoardNomination.FollowingtheClosing,ifsoelectedbytheInvestors,thenominee(s)oftheInvestorsshallhavebeenappointedtothofdirectorsoftheHKCompany,theNewWFOEandtheDomesticOperationCompaniesinaccordancewiththeShareholdersAgreement.TransferofEquityInterestoftheLicensedPPPClinics.FollowingtheClosing,theGroupCompaniesshallcause,tothe umextentpermittedbytheapplicablelaws,theequityinterestsofanyandallPPPClinicswhichhaveobtainedallpermits,licensesorotherernmentalapprovalsnecessaryforitsbusinessandoperations(the“LicensedPPPClinics”),totheNewWFOE.Totheumextentpermittedbytheapplicablelaws,anyfutureassetsmaterialinlectualproperties)oftheGroupshallbeownedintheNewWFOE’sname,andanyfuturebusinesscontractsshallbeenteredintobytheNewWFOE.TheNewWFOEshallbetheprimaryoperationalentityrelatedtothePrincipalStandardizationofBusinessCooperationwithLocalBusinessPartner.FollowingtheClosing,GroupCompaniesshallfurtherstandardizethebusinesscooperationwiththeirlocalbusinesspartners.SuchstandardizationshallbeinformandsubstancereasonablysatisfactorytotheInvestors,andshallincludebutnotlimitedto(i)securingprotectionforPPP’slogo,trademark,patent,know-howetc.;(ii)supervisingthebusinessoperation(products,proceduresandservicesintheconnectionwithlaser-lightcleaningservicesandprocedures)conductedbythelocalbusinesspartnersareinfullcompliancewiththepatternsetbytheGroupCompanies;and(iii)revisingandamendingrelatedlegalstoreflectGroupCompanies’rightsandprivilegesasagreedamongthepartiestherein.EstablishmentoftheDomesticHoldingCompany.FollowingtheClosingandassoonaspracticable,theCompanyandtheFoundersshallcausetoestablishalimitedliabilitycompanyundertheapplicablePRClaw(the“DomesticHoldingEquityTransferoftheDomesticOperationCompanies.TheCompanyandtheFoundersshallfurthercausetheshareholdersoftheDirectOperationCompany,theFranchiseHoldingCompany,theProcurementCompany,andtheOldWFOE(collectivelythe“DomesticOperationCompanies”)totransferalltheequityintereststheyholdtotheDomesticHoldingCompanyforanominalconsiderationtothe umextentpermittedbytheapplicablelaws.TheprecedingequitytransfershallcausetheDomesticHoldingCompanytobesoleshareholderofalloftheoperationentitiesforthePrincipalBusiness.TransferofAssetsandBusinessContracts.IfthofdirectorsoftheCompanyconsidersfitanddesirablefortheCompany’sbusinessinterest,thematerialassets(includingmaterialinlectualproperties)andthebusinesscontractsoftheDomesticHoldingCompaniesandtheDomesticOperationCompaniesshall,tothe umextentpermittedbytheapplicablelaws,betransferredtotheNewWFOE.Tothe umextentpermittedbytheapplicablelaws,anyfuturethematerialassets(includingmaterialinlectualproperties)oftheGroupshallbeownedintheNewWFOE’snameandanyfuturebusinesscontractshallbeenteredintobytheNewWFOE.TransferofKeyEmployees.TheemploymentrelationshipofthemanagementemployeesandotherKeyEmployeesoftheDomesticHoldingCompanyandtheDomesticOperationCompaniesasrequestedbytheInvestorsshallbetransferredtotheNewWFOEfollowingtheClosingandassoonaspracticable.Tothe umextentpermittedbyapplicablelaws,anyKeyEmployeeoftheGroupshallbeemployedbytheNewWFOE.NewClinicsOpening.Assoonaspracticable,butinanyeventnolaterthantwelve(12)monthsafterClosing,opentwenty(20)newPPPClinicsinthePRC.UseofProceeds.TheproceedsofthesaleofthePurchaseSharesshallbeusedforthebusinessdevelopmentandworkingcapitaloftheGroupinaccordancewiththebudgetandbusinessplanasapprovedbytheInvestors.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,aswellasremediateanyactionstakenbysuchGroupCompany,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)anyGroupCompany’sfailuretoacquireallpermits,licensesorotherernmentalapprovalsnecessaryforanyGroupCompany’sPrincipalBusinessandoperationsforanytimeperiodpriortotheClosing;(ii)anyGroupfailuretocomplywithanyapplicablelawsduringanytimepriortotheClosinganylitigation,arbitration,orinvestigationsthatarebroughtagainstanyGroupCompanypriortotheClosing.CompliancewithLaws. TheCovenantorsshallcausetheGroupCompaniestoconducttheirrespectivebusinessasnowconductedandasproposedtobeconductedincompliancewithallapplicablelawsonacontinuingbasis,includingbutnotlimitedtothelawsregardingforeigninvestments,corporateregistrationandfiling,importandexport,customsadministration,foreignexchange, munication,financialservices,inlectualpropertyrights,taxation,laborandsocialwelfare,welfarefunds,socialbenefits,medicalbenefits,insurance,retirementbenefits,andpensionsorthelike.EachoftheGroupCompaniesshall,andeachoftheCovenantorsshallcausesuchGroupCompanyto,atalltimesmaintaintheappropriate ernmentalpermitsorlicenseswhenandasrequiredbytheapplicablelawsorrelevant ernmentauthoritytoconductitsrespectivebusiness.SatisfactionofConditions.TheCovenantorsshallusetheirrespectivebestefforttosatisfy(orcausethesatisfactionof)theClosingConditionsassoonasConsent.BetweentheSigningDateandtheClosingDate,theCovenantorsshallprocurethatnoindividualtransactionsinexcessofUS$100,000byanyGroupCompanyoranychangeintheequityinterestofanyGroupCompanyshalloccurwithouttheInvestors’priorwrittenconsent.FeesandExpenses.ThePartiesshallpayalloftheirowncostsandexpensesincurredinconnectionwiththenegotiation,execution,deliveryandperformanceofthisAgreementandotherTransaction sandthetransactionscontemplatedherebyandthereby;providedthattheCompanyshallbearthefeesandexpenseofthelegalcounselsselectedbyOCBCforthetransactionscontemplatedhereunderintheamountofUS$50,000,andtheCompanyshallreimbursesuchamounttoOCBCatClosing.Exclusivity.BetweentheSigningDateandtheClosingDate,theCovenantorsshallnot,andtheyshallnotpermitanyoftheirRepresentativesto,negotiateorengageinanytransactionsimilartothetransactionscontemplatedhereinorwithrespecttothesaleofalloranymaterialpartoftheassetsofanyGroupCompanywithanypartyotherthantheInvestors.EachCovenantorshallnotifytheInvestors(withinthree(3)BusinessDays)inquirymadebyathirdpartywithrespecttothesaleofanyorallofthePurchaseSharesoralloranymaterialpartoftheassetsofanyGroupCompanyand,ifsuchproposalorinquiryisinwriting,shalldelivertotheInvestorsacopyofsuchinquiryorproposal.ity.FromtheSigningDate,eachPartyshall,andshallcauseanywhoisControlledbysuchPartyto,keeptheexistenceandcontentofthisAgreement,theotherTransactionsandanyrelatedation,theidentitiesofanyoftheParties,andotherinformationofanon-publicnaturereceivedfromanyotherPartyorpreparedbysuchPartyexclusivelyinconnectionherewithortherewith(collectively,the“Information”)exceptastheCompanyandtheInvestorsshallmutuallyagreeotherwise;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,investmentbankersandanyotherwiseprovidingsubstantialdebtorequityfinancingtosuchPartysolongasthePartyadviseseach towhomanyInformationissodisclosedastothenaturethereof.Fortheavoidanceofdoubt,Informationdoesnotincludeinformationthat(i)wasalreadyinthepossessionofthereceivingPartybeforesuchdisclosurebythedisclosingParty,(ii)isor esavailabletothepublicotherthanasaresultofdisclosurebythereceivingPartyinviolationofthisSection6.9,or(iii)isor esavailabletothereceivingPartyfromathirdpartywhohasnoityobligationstothedisclosingParty.ThePartiesshallnotmakeanyannouncementregardingtheconsummationofthetransactioncontemplatedbythisAgreement,other sandanyrelated ationinapressrelease,conference,advertisement,announcement,professionalortradepublication,marketingmaterialsorotherwisetoteralpublicwithouttheInvestors’priorwrittenconsent.UseofInvestors’NameorLogo.WithoutthepriorwrittenconsentoftheInvestors,andwhetherornottheInvestorsarethentheshareholdersoftheCompany,noneoftheGroupCompanies,theirshareholders(excludingtheInvestors),northeFoundersshalluse,publishorreproducethenamesoftheInvestorsoranysimilarnames,trademarksorlogosinanyoftheirmarketing,advertisingorpromotionmaterialsorotherwiseforanymarketing,advertisingorpromotionalpurposes.Permits.PriortotheClosingandassoonaspracticable,theDomesticOperationCompaniesshalluseallreasonableeffortstoacquireallpermits,licensesorotherernmentalapprovalsnecessaryforeachclinic’sbusinessandoperations,suchpermitsshallinclude,butarenotlimitedto,PracticingLicenseofMedicalInstitution(“《医疗机构执业》”)andqualificationtosellimportedcosmetics.Eachofsuchpermits,licensesorotherernmentalapprovalsshallbevalidandinfullforceandeffect.AMPPL’sCertainRightsintheCompany.AMPPLandtheDirectOperationCompanyhaveenteredintoanInlectualPropertyAgreement(the“IPAgreement”)datedAugust1,2013,whichprovidesforbothparties’cooperationinconnectionwiththeestablishmentandexpansionofbusinessinlaser-lightfacialcleaningservicesandotherrelatedaestheticproductsandservicesinChina.TheIPAgreementhasgrantedAMPPLcertainrights,andallthepartieshereofhavemadefurtheragreementsasfollows:AMPPL’sAwarded10%SharesintheCompany.IntheeventthatthegrossturnoveroftheDomesticOperationCompaniesexceedsUSD30,000,000,RockStarAdvisorswilltransfer10%oftheCompany’soutstandingshares(onanas-convertedbasis)ownedbyRockStarAdvisorstoAMPPLforaminimumconsiderationpermittedbytheapplicablelaws,andsuchsharetransfershallnotresultinanydilutionorinfringementtoOCBC’sequityinterestintheCompany.AMPPL’sExercisingoftheCallOption.IntheeventthatthegrossturnoveroftheDomesticOperationCompaniesexceedsSingaporeDollar50,000,000,AMPPLmayexercisethecalloptiontopurchase51%sharesoftheCompany.OCBCshallhavetherightofrefusalandtherightofco-saletoparticipateinthesaleofCompany’ssharestotheAMPPLuponAMPPL’sexercisingthesaidcalloption.RockStarAdvisors’sExercisingofthePutOption.IntheeventthatthegrossturnoveroftheDomesticOperationCompaniesexceedsSingaporeDollar70,000,000,RockStarAdvisorsmayexercisetheputoptiontosell51%sharesoftheCompanytoAMPPL.OCBCshallhavetherightofrefusalandtherightofco-saletoparticipateinthesaleofCompany’ssharestotheAMPPLuponRockStarAdvisors’sexercisingthesaidputoption.ESOP.AssoonaspracticalandupontherequestofOCBC,RockStarAdvisorsshalltransfer10%ofthetotaloutstandingsharesoftheCompany(onanas-convertedbasis)totheCompanyforaminimumconsiderationpermittedbytheapplicablelaws.TheCompanyshallusetheprecedingsharestoestablishtheESOPforissuancetoqualifiedemployees,directorsandconsultantsoftheGroupCompanies(excepttotheFounders).Fortheavoidanceofdoubt,theprecedingsharerepurchasearrangementandadoptionofESOPshallnotresultinanydilutionorinfringementtoOCBC’sequityinterestintheCompany.EachFounderwarrantsandundertakestotheInvestorsthathewillnot,andwillprocurethathisfamilymembers(beinghisspouse,parents,sonsanddaughtersandsiblings)andhisaffiliates(anycompany,entity,jointventureorpartnershipinwhichanyFounderandhisfamilymembersindividuallyorcollectivelyhaveanequityinterestormanagementcontrolexcludingtheGroupCompanies)willnotengageinanyactivitiesorbusinessesthatdo/willpotentiallycompetedirectlyorindirectlywi