All or any part of the Option may be exercised by the Optionee no later than the eighth (8th) anniversary of the date of this Agreement.
承授者行使部分或全部的期 权， 须在本协议生效日的第八个周年日之前完成。
2
The Optionee shall have no rights as a stockholder with respect to Shares subject to the Option until certificates for Shares of Common Stock are issued to the Optionee.