Exhibit 10.6
SHARE REPURCHASE AGREEMENT
ThisSHARE REPURCHASE AGREEMENT (this “Agreement”) is made and entered into as of October 1, 2019 by and between Genetron Holdings Limited (泛生子基因(控股)有限公司), an exempted company organized and existing under the laws of the Cayman Islands (the “Company”), and EASY BENEFIT INVESTMENT LIMITED, a company organized and existing under the laws of the British Virgin Islands (the “Seller”).
WHEREAS, the Seller is the shareholder of the Company, which holds certain number of shares of the Company.
WHEREAS, the Company proposes to repurchase 2,355,500 seriesA-1 preferred shares of a par value US$0.00002 each of the Company (the “SeriesA-1 Preferred Shares”) and 2,216,000 series A-2 preferred shares of a par value US$0.00002 each of the Company (collectively, the “Repurchased Shares”) from the Seller, and the Seller desires to sell the Repurchased Shares to the Company under the terms and conditions of this Agreement.
WHEREAS, the Company, VIVO CAPITAL FUND IX, L.P. (the “VIVO”) and other parties thereto have entered into a SeriesC-2 Preferred Shares Purchase Agreement dated October 1, 2019 (the “SeriesC-2 Preferred Shares Purchase Agreement”), under which VIVO has agreed to purchase from the Company, and the Company has agreed to sell to VIVO, certain number of SeriesC-2 Preferred Shares (as defined in the SeriesC-2 Preferred Shares Purchase Agreement) of the Company.
In consideration of the foregoing recitals and the mutual promises hereinafter set forth, the sufficiency and adequacy of which consideration the parties hereby acknowledge, the parties hereto, intending to be legally bound, agree as follows:
1.Sale and Repurchase. At the day before the Closing (as defined in the SeriesC-2 Preferred Shares Purchase Agreement) and subject to the terms and conditions hereof (the “Repurchase Closing”), the Company shall purchase from the Seller, and the Seller shall sell, assign, convey and deliver to the Company the Repurchased Shares, at an aggregate purchase price of US$4,509,865 (the “Repurchase Price”).
2. Repurchase Closing.
(a) At the Repurchase Closing, the Company shall update the register of members and cancel the Repurchased Shares. At the Repurchase Closing, the Seller shall surrender the share certificates representing the Repurchased Shares to the Company for cancellation, and the Company shall deliver substitute share certificates to the Seller to evidence remaining SeriesA-1 Preferred Shares owned by the Seller.
(b) Within twenty (20) days after the Repurchase Closing, but no later than November 30, 2019, the Repurchase Price shall be paid by the Company to the bank account as designated in advance by the Seller.
(c) Notwithstanding the foregoing, the Company shall be entitled to deduct the Holdback Amount (as defined below) from the Repurchase Price paid to the Seller as applicable in accordance with Section 5(a) hereof.
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