Common use of Commitment of the pledgor and Party C Clause in Contracts

Commitment of the pledgor and Party C. 6.1 During the validity period of this Agreement, the pledgor and Party C jointly and respectively undertake to the pledgee: 6.1.1 Except for the transfer of the pledged equity to the pledgee or a person designated by the pledgee at the request of the pledgee, the pledged equity shall not be transferred without the prior written consent of the pledgee, and any other encumbrance such as pledge or any form of third-party security interest shall not be created or permitted to exist on the pledged equity that may affect the rights and interests of the pledgee. No action shall be taken without the prior written consent of the pledgee that will cause, or may result in, changes in the pledged equity or rights attached to the pledged equity and which will or may have a material adverse effect on the pledgee’s rights under this Agreement. 6.1.2 Comply with and implement the provisions of all applicable laws and regulations, and upon receipt of a notice, instruction or recommendation issued or formulated by the relevant competent authority in respect of the pledge, issue such notice, instruction or recommendation to the pledgee within five (5) working days, and make such notice, instruction or recommendation in accordance with the pledgee’s reasonable instructions Let’s go. 6.1.3 Promptly notify the pledgee of any event or notice received that may affect the equity of the pledgor or any other rights under this Agreement, as well as any event or notice received that may change any of the pledgor’s obligations under this Agreement or that may affect the pledgor’s performance of its obligations under this Agreement, and take action in accordance with the pledgee’s reasonable instructions. 6.1.4 Party C shall complete the registration procedures for the extension of the Business Period within three (3) months before the expiration of the Business Term so that the validity of this Agreement can continue. 6.2 The pledgor agrees that it will ensure that the pledgee’s exercise of the pledgee’s rights under the terms of this Agreement is not interrupted or impaired by the pledgor or the pledgor’s successors or assigns or any other person. 6.3 The pledgor warrants to the pledgee that in order to protect or improve the guarantee of contractual obligations and secured debts under this Agreement, the pledgor will make all necessary amendments to Party C’s articles of association (if applicable), sign in good faith, and cause other parties interested in the pledge to sign all certificates of rights, contracts, and/or obligations required by the pledgee or perform and cause other interested parties to perform acts reasonably required by the pledgee, and facilitate the pledgee’s exercise of the pledge, sign all documents relating to changes to the share certificate with the pledgee or any third party designated by the pledgee, and provide the pledgee with all documents, notices, orders and decisions related to the pledge that it deems necessary within a reasonable period of time. 6.4 The pledgor warrants to the pledgee that the pledge will abide by and perform all warranties, undertakings, agreements and representations for the benefit of the pledgee. If the pledgor fails to perform or does not fully perform its promises, undertakings, agreements and representations, the pledgor shall compensate the pledge for all losses suffered thereby.

Commitment of the pledgor and Party C. 6.1 During the validity period of this Agreement, the pledgor and Party C jointly and respectively undertake to the pledgee: 6.1.1 Except for the transfer of the pledged equity to the pledgee or a person designated by the pledgee at the request of the pledgee, the pledged equity shall not be transferred without the prior written consent of the pledgee, and any other encumbrance such as pledge or any form of third-party security interest shall not be created or permitted to exist on the pledged equity that may affect the rights and interests of the pledgee. No action shall be taken without the prior written consent of the pledgee that will cause, or may result in, changes in the pledged equity or rights attached to the pledged equity and which will or may have a material adverse effect on the pledgee’s rights under this Agreement. 6.1.2 Comply with and implement the provisions of all applicable laws and regulations, and upon receipt of a notice, instruction or recommendation issued or formulated by the relevant competent authority in respect of the pledge, issue such notice, instruction or recommendation to the pledgee within five (5) working days, and make such notice, instruction or recommendation in accordance with the pledgee’s reasonable instructions Let’s go. 6.1.3 Promptly notify the pledgee of any event or notice received that may affect the equity of the pledgor or any other rights under this Agreement, as well as any event or notice received that may change any of the pledgor’s obligations under this Agreement or that may affect the pledgor’s performance of its obligations under this Agreement, and take action in accordance with the pledgee’s reasonable instructions. 6.1.4 Party C shall complete the registration procedures for the extension of the Business Period within three (3) months before the expiration of the Business Term so that the validity of this Agreement can continue. 6.2 The pledgor agrees that it will ensure that the pledgee’s exercise of the pledgee’s rights under the terms of this Agreement is not interrupted or impaired by the pledgor or the pledgor’s successors or assigns or any other person. 6.3 The pledgor warrants to the pledgee that in order to protect or improve the guarantee of contractual obligations and secured debts under this Agreement, the pledgor will make all necessary amendments to Party C’s articles of association (if applicable), sign in good faith, and cause other parties interested in the pledge to sign all certificates of rights, contracts, and/or obligations required by the pledgee or perform and cause other interested parties to perform acts reasonably required by the pledgee, and facilitate the pledgee’s exercise of the pledge, sign all documents relating to changes to the share certificate with the pledgee or any third party designated by the pledgee, and provide the pledgee with all documents, notices, orders and decisions related to the pledge that it deems necessary within a reasonable period of time. 6.4 The pledgor warrants to the pledgee that the pledge will abide by and perform all warranties, undertakings, agreements and representations for the benefit of the pledgee. If the pledgor fails to perform or does not fully perform its promises, undertakings, agreements and representations, the pledgor shall compensate the pledge for all losses suffered thereby.

Commitment of the pledgor and Party C. 6.1 During the validity period term of this Agreement, the pledgor Pledgor and Party C jointly and respectively undertake to the pledgeePledgee for the benefit of the Pledgee: 6.1.1 Except for the transfer of the pledged equity to the pledgee or a person designated by the pledgee at the request of the pledgee, the pledged equity shall not be transferred without Without the prior written consent of the pledgee, and any other encumbrance such as pledge or any form of third-party security interest the pledgor shall not be created transfer any or permitted to exist on all of the pledged equity equity, nor establish or allow any pledge that may affect the rights and interests of the pledgee. No action , and Party C shall be taken without the prior written consent of the pledgee that will cause, not agree to or may result in, changes assist in the pledged equity or rights attached to the pledged equity aforesaid acts; 6.1.2 To comply with and which will or may have a material adverse effect enforce all relevant laws and regulations on the pledgee’s rights under this Agreement. 6.1.2 Comply with and implement the provisions pledge of all applicable laws and regulationsrights, and upon receipt of a noticeimmediately produce the notices, instruction instructions or recommendation suggestions issued or formulated by the relevant competent authority authorities in respect of the pledge, issue such notice, instruction or recommendation pledge to the pledgee within five (5) working dayspledgee, and make such noticeat the same time comply with the above notices, instruction instructions or recommendation suggestions, or raise objections and statements on the above matters in accordance with the pledgee’s reasonable instructions Let’s go.requirements or with the consent of the pledgee; 6.1.3 Promptly promptly notify the pledgee Pledgee of any event or notice received that may affect the equity of Pledgor’s rights to the pledgor Pledged Equity or any other rights under this Agreementpart thereof, as well as any changes to the warranties, obligations, or any event or notice received that may change any of affect the pledgor’s obligations Pledgor under this Agreement or that may affect the pledgor’s performance of its obligations under this Agreement, and take action in accordance with the pledgee’s reasonable instructions.Agreementt; 6.1.4 Party C shall complete the registration procedures for the extension of the Business Period within three (3) months business term as soon as possible before the expiration of the Business Term business term, so that as to ensure the validity effectiveness of this Agreement can continueAgreement. 6.2 The pledgor Pledgee agrees that it will ensure that the pledgeePledgee’s acquisition and exercise of the pledgee’s rights under pledge in accordance with the terms of this Agreement is shall not be interrupted or impaired interfered with by the pledgor Pledgee or any of the pledgorPledgee’s successors or assigns successors, principals or any other person. 6.3 The pledgor warrants undertakes to the pledgee that that, in order to protect or improve this agreement as a guarantee for the guarantee of contractual obligations guaranteed party to comply with and secured debts perform its obligations, responsibilities, representations, warranties and undertakings under this the Master Agreement, the pledgor will make all necessary amendments to Party C’s articles of association (if applicable), shall sign in good faith, faith and cause other parties interested with an interest in the pledge pledgee to sign all the certificates of rights, contractsdeeds, and/or obligations required by the pledgee or perform and cause other interested parties to perform the acts reasonably required by the pledgee, and facilitate give facilitation of the pledgee’s pledgee rights and the exercise of the pledge, entrustment 6.4 The pledgor undertakes to sign all the change documents relating to changes to the share certificate with the pledgee or any third party its designated by the pledgeeperson (natural person/legal person) (if applicable and necessary), and to provide the pledgee with all documents, notices, orders and decisions related to regarding the pledge that it deems necessary within a reasonable period of time. 6.4 6.5 The pledgor warrants and Party C undertake to the pledgee that they shall not engage in or induce any activities or transactions that may have a material impact on the pledge will abide by and ability of the obligor to perform all warrantiesany obligations, undertakingsresponsibilities, agreements and representations or commitments listed in the Master Agreement. 6.6 The pledgor undertakes to the pledgee that, for the benefit of the pledgee, the pledgor will comply with and fulfill all warranties, undertakings, agreements, statements, and conditions. If the pledgor fails to perform or does not fully perform incompletely performs its promisesguarantees, undertakings, agreements agreements, statements, and representationsconditions, the pledgor shall compensate the pledge pledgee for all losses suffered thereby. 6.7 During the term of this agreement, the pledgor shall not take any action or inaction that may affect the value of the pledged shares, to maintain or increase the value of the pledged shares. In the event of any event that may affect the decrease in value of the pledged shares or the pledgor’s performance of obligations under this agreement, the pledgee shall be promptly notified, and upon request of the pledgee, provide additional satisfactory property guarantees for the difference in the decrease in value of the pledged shares.