Exhibit 10.12
Exclusive Option Agreement
This Exclusive Option Agreement (this “Agreement”) is executed by and among the following Parties as of November 1, in Beijing, the People’s Republic of China (“China” or the “PRC”):
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Party A: | | BeijingSo-Young Wanwei Technology Consulting Co., Ltd. |
Address: | | Room 310309, 3rd Floor, Unit 1, Building 5, No.1, Yutong East Main Street, Chaoyang District, Beijing |
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Party B: | | YU Tao (a Chinese citizen with Identification No.: ******) |
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Party C: | | BeijingSo-Young Technology Co., Ltd. |
Address: | | Room 320301, 3rd Floor, Unit 2, Building 5, No.1 Building, Yitong East Main Street, Chaoyang District, Beijing |
In this Agreement, each of Party A, Party B and Party C shall be hereinafter referred to as a “Party” individually, and as the “Parties” collectively.
Whereas:
Party B is the shareholder of Party C and as of the date hereof hold 2.52 % of the equity interests of Party C, representing RMB89,277.79 in the registered capital of Party C.
Now therefore, upon mutual discussion and negotiation, the Parties have reached the following agreement:
1. | Sale and Purchase of Equity Interest |
Party B hereby irrevocably and unconditionally grants Party A an irrevocable and exclusive right to purchase, or designate one or more persons (each, a “Designee”) to purchase the equity interests in Party C then held by Party B once or at multiple times at any time in part or in whole at Party A’s sole and absolute discretion to the extent permitted by Chinese laws and at the price described in Section 1.3 herein (such right being the “Equity Interest Purchase Option”). Except for Party A and the Designee(s), no other person shall be entitled to the Equity Interest Purchase Option or other rights with respect to the equity interests of Party B. Party C hereby agrees to the grant by Party B of the Equity Interest Purchase Option to Party A. The term “person” as used herein shall refer to individuals, corporations, partnerships, partners, enterprises, trusts ornon-corporate organizations.
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