In case either party (“Terminating Party”) chooses to exercise the right to terminate the agreement, when the Terminating Party asks the Defaulting Party to either buy or its shares in the JV Co., the other party (“Defaulting Party”) Shall be liable to sell its shares or buy the Terminating Party’s shares held in the JV Co., at the book value (net assets based on the latest audited balance sheet divided by the number of shares).