Common use of Exercise of the Pledge Clause in Contracts

Exercise of the Pledge. 8.1 Prior to the full performance of the Business Cooperation Agreement and the full payment of the consultation and service fee set forth thereunder, without written consent of Pledgee, Pledgor shall not transfer the Pledge or its Equity in Party C. 8.2 Pledgee may give a Notice of Default to Pledgor when it intends to exercise the Pledge. 8.3 Subject to Article 7.3, Pledgee may exercise the right to enforce the Pledge simultaneously with or at any time after the issuance of the Notice of Default in accordance with Article 7.2. Once Pledgee chooses to enforce the Pledge, Pledgor shall no longer own any right or interest relating to the Equity. 8.4 In case of default, within the permitted scope and in accordance with applicable laws, Pledgee shall be entitled to legally dispose the pledge Equity; and the balance, if any, of all proceeds received by Pledgee from its exercise of the Pledge after discharge of the secured obligation shall be paid to Pledgor or the person entitled to receive such amount, without interest. 8.5 When Pledgee disposes the Pledge in accordance with this Agreement, Pledgor and Party C shall give necessary assistance so that Pledgee may enforce the Pledge in accordance with this Agreement. 8.6 All actual expenses, taxes and all legal costs, etc. relating to the creation of equity pledge hereunder and the realization of the rights of Pledgee shall be borne by Pledgor, except for those required by laws to be borne by Pledgee.

Exercise of the Pledge. 8.1 9.1 Prior to the full performance of the Business Cooperation Agreement and the full payment of the consultation and service fee set forth thereunder, without written consent of Pledgee, Pledgor shall not transfer the Pledge or its Equity in Party C. 8.2 9.2 Pledgee may give a Notice of Default to Pledgor when it intends to exercise the Pledge. 8.3 9.3 Subject to Article 7.3, Pledgee may exercise the right to enforce the Pledge simultaneously with or at any time after the issuance of the Notice of Default in accordance with Article 7.2. Once Pledgee chooses to enforce the Pledge, Pledgor shall no longer own any right or interest relating to the Equity. 8.4 9.4 In case of default, within the permitted scope and in accordance with applicable laws, Pledgee shall be entitled to legally dispose the pledge Equity; and the balance, if any, of all proceeds received by Pledgee from its exercise of the Pledge after discharge of the secured obligation shall be paid to Pledgor or the person entitled to receive such amount, without interest. 8.5 9.5 When Pledgee disposes the Pledge in accordance with this Agreement, Pledgor and Party C shall give necessary assistance so that Pledgee may enforce the Pledge in accordance with this Agreement. 8.6 9.6 All actual expenses, taxes and all legal costs, etc. relating to the creation of equity pledge hereunder and the realization of the rights of Pledgee shall be borne by Pledgor, except for those required by laws to be borne by Pledgee.

Exercise of the Pledge. 8.1 Prior to the full performance of the Business Cooperation Agreement and the full payment of the consultation consulting and service fee set forth thereunderfees described in the Principal Agreements, without the Pledgee’s written consent of Pledgeeconsent, Pledgor shall not transfer assign the Pledge or its the Equity Interest in Party C. 8.2 Pledgee may give issue a Notice of Default to Pledgor when it intends to exercise exercising the Pledge. 8.3 Subject to Article the provisions of Section 7.3, Pledgee may exercise the right to enforce the Pledge simultaneously concurrently with the issuance of the Notice of Default in accordance with Section 8.2 or at any time after the issuance of the Notice of Default in accordance with Article 7.2Default. Once Pledgee chooses elects to enforce the Pledge, Pledgor shall no longer own cease to be entitled to any right rights or interest relating to interests associated with the EquityEquity Interest. 8.4 In case the event of default, within Pledgee is entitled to take possession of the Equity Interest pledged hereunder and to dispose of the Equity Interest pledged, to the extent permitted scope and in accordance with applicable laws, without obligation to account to Pledgor for proceeds of disposition and Pledgor hereby waives any rights it may have to demand any such accounting from Pledgee. Likewise, in such circumstance Pledgor shall have no obligation to Pledgee shall be entitled to legally dispose the pledge Equity; and the balance, if any, of all proceeds received by Pledgee from its exercise for any deficiency remaining after such disposition of the Pledge after discharge of the secured obligation shall be paid to Pledgor or the person entitled to receive such amount, without interestEquity Interest pledged. 8.5 When Pledgee disposes of the Pledge in accordance with this Agreement, Pledgor and Party C shall give provide necessary assistance so that to enable Pledgee may to enforce the Pledge in accordance with this Agreement. 8.6 All actual expenses, taxes and all legal costs, etc. relating to the creation of equity pledge hereunder and the realization of the rights of Pledgee shall be borne by Pledgor, except for those required by laws to be borne by Pledgee.

Exercise of the Pledge. 8.1 Prior to Until the full performance of the Business Series Cooperation Agreement and the full payment repayment of the consultation and service fee set forth any amounts payable thereunder, without written consent of Pledgee, the Pledgor shall not transfer the Pledge or its the Equity in Party C.Interest without the written consent of the Pledgee. 8.2 The Pledgee may give issue a Notice default notice to the Pledgor upon its exercise of Default to Pledgor when it intends to exercise the Pledge. 8.3 Subject to the provision of Article 7.3, the Pledgee may exercise the right its rights to enforce the Pledge simultaneously with at the same time as the default notice is issued under Article 7.2 or at any time after the issuance of the Notice of Default in accordance with Article 7.2default notice is given. Once the Pledgee chooses has chosen to enforce the Pledge, the Pledgor shall no longer own not be entitled to any right rights or interest relating interests related to the EquityEquity Interest. 8.4 In case the event of any default, the Pledgee shall be entitled to dispose of the Equity Interest under the Pledge within the permitted scope of permission and in accordance with applicable laws, Pledgee shall be entitled to legally dispose the pledge Equity; and the balance, if any, of . In case that there is any balance from all proceeds amounts received by the Pledgee from due to its exercise of the Pledge after discharge the settlement of the secured obligation Secured Debts, such balance shall be paid to the Pledgor or the person any persons entitled to receive such amount, payment (without interest). 8.5 When Where the Pledgee disposes of the Pledge in accordance with this the Agreement, Pledgor the Shareholders and Party C the Company shall give provide necessary assistance so that Pledgee may enforce to enable the Pledgee’s enforcement of the Pledge in accordance with this according to the Agreement. 8.6 All actual expenses, taxes and all legal costs, etc. relating fees related to the creation establishment of equity pledge hereunder the Pledge of the Equity Interest and the realization exercise of the Pledgee’s rights of Pledgee shall be borne by the Pledgor, except save for those required by laws to be borne by Pledgeethe Pledgee as stipulated by the law.

Exercise of the Pledge. 8.1 Prior to the full performance of the Business Cooperation Agreement and the full payment of the consultation consulting and service fee set forth thereunderfees described in the Principal Agreements, without the Pledgee’s written consent of Pledgeeconsent, Pledgor shall not transfer assign the Pledge or its the Equity Interest in Party C. 8.2 Pledgee may give issue a Notice of Default to Pledgor when it intends to exercise exercising the Pledge. 8.3 Subject to Article the provisions of Section 7.3, Pledgee may exercise the right to enforce the Pledge simultaneously concurrently with the issuance of the Notice of Default in accordance with Section 7.2 or at any time after the issuance of the Notice of Default in accordance with Article 7.2Default. Once Pledgee chooses elects to enforce the Pledge, Pledgor shall no longer own cease to be entitled to any right rights or interest relating to interests associated with the EquityEquity Interest. 8.4 In case the event of default, within Pledgee is entitled to take possession of the Equity Interest pledged hereunder and to dispose of the Equity Interest pledged, to the extent permitted scope and in accordance with applicable laws, without obligation to account to Pledgor for proceeds of disposition and Pledgor hereby waives any rights it may have to demand any such accounting from Pledgee. Likewise, in such circumstance Pledgor shall have no obligation to Pledgee shall be entitled to legally dispose the pledge Equity; and the balance, if any, of all proceeds received by Pledgee from its exercise for any deficiency remaining after such disposition of the Pledge after discharge of the secured obligation shall be paid to Pledgor or the person entitled to receive such amount, without interestEquity Interest pledged. 8.5 When Pledgee disposes of the Pledge in accordance with this Agreement, Pledgor and Party C shall give provide necessary assistance so that to enable Pledgee may to enforce the Pledge in accordance with this Agreement. 8.6 All actual expenses, taxes and all legal costs, etc. relating to the creation of equity pledge hereunder and the realization of the rights of Pledgee shall be borne by Pledgor, except for those required by laws to be borne by Pledgee.

Exercise of the Pledge. 8.1 Prior to the full performance of the Business Cooperation Agreement and the full payment of the consultation consulting and service fee set forth thereunderfees described in the Principal Agreements, without the Pledgee’s written consent of Pledgeeconsent, Pledgor shall not transfer assign the Pledge or its the Equity Interest in Party C. 8.2 Pledgee may give issue a Notice of Default to Pledgor when it intends to exercise exercising the Pledge. 8.3 Subject to Article the provisions of Section 7.3, Pledgee may exercise the right to enforce the Pledge simultaneously in accordance with applicable laws concurrently with the issuance of the Notice of Default in accordance with Section 8.2 or at any time after the issuance of the Notice of Default in accordance with Article 7.2Default. Once Pledgee chooses elects to enforce the Pledge, Pledgor shall no longer own cease to be entitled to any right rights or interest relating to interests associated with the EquityEquity Interest. 8.4 In case the event of default, within Pledgee is entitled to take possession of the Equity Interest pledged hereunder and to dispose of the Equity Interest pledged, to the extent permitted scope and in accordance with applicable laws, without obligation to account to Pledgor for proceeds of disposition and Pledgor hereby waives any rights it may have to demand any such accounting from Pledgee. Likewise, in such circumstance Pledgor shall have no obligation to Pledgee shall be entitled to legally dispose the pledge Equity; and the balance, if any, of all proceeds received by Pledgee from its exercise for any deficiency remaining after such disposition of the Pledge after discharge of the secured obligation shall be paid to Pledgor or the person entitled to receive such amount, without interestEquity Interest pledged. 8.5 When Pledgee disposes of the Pledge in accordance with this Agreement, Pledgor and Party C shall give provide necessary assistance so that to enable Pledgee may to enforce the Pledge in accordance with this Agreement. 8.6 All actual expenses, taxes and all legal costs, etc. relating to the creation of equity pledge hereunder and the realization of the rights of Pledgee shall be borne by Pledgor, except for those required by laws to be borne by Pledgee.