Exercise of the Pledge. 8.1 The Parties hereby agree that in the Event of Default, the Pledgee shall have the right to exercise all the rights and authorities of remedy for breach of contract enjoyed under the PRC laws, Transaction Agreements and this Agreement, including (but not limited to) auction or sale of the Pledged Interests and to be compensated in priority from what it gains after giving written notice to the Pledgors. The Pledgee is not responsible for any loss caused by its lawful and reasonable exercise of such rights and authorities.
Appears in 5 contracts
Samples: Share Pledge Agreement (Qutoutiao Inc.), Share Pledge Agreement (Qutoutiao Inc.), Share Pledge Agreement (Qutoutiao Inc.)
