Equity Pledge Registration. As soon as practicable after the Closing, the Company, the Principals, Jifen, and the WFOE shall cause the equity pledge made by each of the equity holders of Jifen in favor of the WFOE to be registered with the competent PRC Governmental Authority, provided, however, that such equity pledge registration will not adversely affect the Group Companies’ application for, acquisition or maintenance of the material permits and licenses required under applicable Laws for the operation of the Business.
Appears in 6 contracts
Samples: Series B2 Preferred Share Purchase Agreement (Qutoutiao Inc.), Series B3 Preferred Share Purchase Agreement (Qutoutiao Inc.), Series B1 Preferred Share Purchase Agreement (Qutoutiao Inc.)
