Common use of Covenants of the Grantor Clause in Contracts

Covenants of the Grantor. The Grantor agrees that, prior to the termination of this Agreement, the Grantor will not transfer, sell, or assign to any other Person, or otherwise dispose of, pledge, encumber, or suffer any Encumbrance upon, any shares of capital stock of Xiangrui which the Grantor owns, including the Option Shares. The Grantor further agrees that, prior to the termination of this Agreement, the Grantor will not, without the prior written approval of the Optionee, vote (in person, by proxy or by action by written consent, as applicable) any of the Option Shares in favor of, or to adopt or approve any of the following actions with regard to Xiangrui or any direct or indirect subsidiary or affiliate of Xiangrui (referred to individually and collectively as the “Company”): (a) Any increase of the number of authorized shares of capital stock of the Company; (b) Any transfer, sale, assignment, or other disposition of, or pledge or encumbrance of, any of the Company’s material assets except as contemplated by SECTION 3.1. (e); (c) Any Change of Control with regard to the Company. “Change of Control” means the first to occur of any of the following events:

Covenants of the Grantor. The Grantor agrees that, prior to the termination of this Agreement, the Grantor it will not transfer, sell, or assign to any other Person, or otherwise dispose of, pledge, encumber, or suffer any Encumbrance upon, any shares of capital stock of Xiangrui the Shell Company which the Grantor owns, including the Option Shares. The Grantor further agrees that, prior to the termination of this Agreement, the Grantor it will not, without the prior written approval of the Optionee, vote (in person, by proxy or by action by written consent, as applicable) any of the Option Shares in favor of, or to adopt or approve any of the following actions with regard to Xiangrui the Shell Company or any direct or indirect subsidiary or affiliate of Xiangrui the Shell Company (referred to individually and collectively as the “Company”): (a) Any increase of the number of authorized shares of capital stock of the Company; (b) Any transfer, sale, assignment, or other disposition of, or pledge or encumbrance of, any of the Company’s material assets except as contemplated by SECTION 3.1. (eincluding, without limitation, any shares of any subsidiary or non-majority owned affiliated companies); (c) Any Change of Control with regard to the Company. “Change of Control” means the first to occur of any of the following events:

Covenants of the Grantor. The Grantor agrees that, prior to the termination of this Agreement, the Grantor he will not transfer, sell, or assign to any other Personperson or entity, or otherwise dispose of, pledge, encumber, or suffer any Encumbrance encumbrance upon, any shares of capital stock of Xiangrui the Company which the Grantor owns, including the Option Shares. The Grantor further agrees that, prior to the termination of this Agreement, the Grantor he will not, without the prior written approval of the Optionee, vote (in person, by proxy or by action by written consent, as applicable) any of the Option Shares in favor of, or to adopt or approve any of the following actions with regard to Xiangrui the Company or any direct or indirect subsidiary or affiliate of Xiangrui the Company (together with the Company, referred to in this Section 7 individually and collectively as the “Company”): (ai) Any increase of the number of authorized shares of capital stock of the Company; (bii) Any transfer, sale, assignment, or other disposition of, or pledge or encumbrance of, any of the Company’s material assets except as contemplated by SECTION 3.1. (eincluding, without limitation, any shares of any subsidiary or non-majority owned affiliated companies); (ciii) Any Change of Control with regard to the Company. “Change of Control” means the first to occur of any of the following events:

Covenants of the Grantor. The Grantor agrees that, prior to the termination of this Agreement, the Grantor she will not transfer, sell, or assign to any other Person, or otherwise dispose of, pledge, encumberencumb- er, or suffer any Encumbrance upon, any shares of capital stock of Xiangrui Holdco which the Grantor owns, including the Option Shares. The Grantor further agrees that, prior to the termination of this Agreement, the Grantor she will not, without the prior written approval of the Optionee, vote (in person, by proxy or by action by written consent, as applicable) any of the Option Shares in favor of, or to adopt or approve any of the following actions with regard to Xiangrui Holdco or any direct or indirect subsidiary or affiliate of Xiangrui Holdco (referred to individually and collectively as the “Company”): (a) Any increase of the number of authorized shares of capital stock of the Company; (b) Any transfer, sale, assignment, or other disposition of, or pledge or encumbrance of, any of the Company’s material assets except as contemplated by SECTION 3.1. (eincluding, without limitation, the Exchange Shares and any shares of any other subsidiary or non-majority owned affiliated companies); (c) Any Change of Control with regard to the Company. “Change of Control” means the first to occur of any of the following events:

Covenants of the Grantor. The Grantor agrees that, prior to the termination of this Agreement, the Grantor it will not transfer, sell, or assign to any other Person, or otherwise dispose of, pledge, encumber, or suffer any Encumbrance upon, any shares of capital stock of Xiangrui Wise Winning which the Grantor owns, including the Option Shares. The Grantor further agrees that, prior to the termination of this Agreement, the Grantor it will not, without the prior written approval of the Optionee, vote (in person, by proxy or by action by written consent, as applicable) any of the Option Shares in favor of, or to adopt or approve any of the following actions with regard to Xiangrui Wise Winning or any direct or indirect subsidiary or affiliate of Xiangrui Wise Winning (referred to individually and collectively as the “Company”): (a) Any increase of the number of authorized shares of capital stock of the Company; (b) Any transfer, sale, assignment, or other disposition of, or pledge or encumbrance of, any of the Company’s material assets (including, without limitation, the Exchange Shares and any shares of any other subsidiary or non-majority owned affiliated companies) except as contemplated by Section SECTION 3.1. (e); (c) Any Change of Control with regard to the Company. “Change of Control” means the first to occur of any of the following events: