Common use of Increase of Subsidiaries of Party B Clause in Contracts

Increase of Subsidiaries of Party B. If, at any time after the effective date of this agreement, any institutions invested and controlled (including control through agreement arrangements) by Party B are added (including but not limited to companies, partnership enterprises and other organizational forms in which Party B directly or indirectly hold more than 50% of the investment equity, hereinafter referred to as “Party B’s Subordinate Institutions”), Party B and Party C shall cause such new subsidiary to sign confirmation letter of which the format and contents of Right and Obligation Assumption Letter listed in Appendix III or other legal documents permitted or required by the PRC laws to make such new subsidiary to enjoy and undertake all the rights and obligations under this Agreement as those of Subsidiaries of Party B hereunder. As of the date of signature of such Right and Obligation Assumption Letter or other legal documents, the new subsidiary should be deemed as one party to this Agreement. Other Parties of the Agreement hereby agree with such arrangements.

Increase of Subsidiaries of Party B. If, at any time after the effective date of this agreement, any institutions invested and controlled (including control through agreement arrangements) by Party B are added (including but not limited to companies, partnership enterprises and other organizational forms in which Party B directly or indirectly hold more than 50% of the investment equity, hereinafter referred to as “"Party B’s 's Subordinate Institutions”"), Party B and Party C shall cause such new subsidiary to sign confirmation letter of which the format and contents of Right and Obligation Assumption Letter listed in Appendix III or other legal documents permitted or required by the PRC laws to make such new subsidiary to enjoy and undertake all the rights and obligations under this Agreement as those of Subsidiaries of Party B hereunder. As of the date of signature of such Right and Obligation Assumption Letter or other legal documents, the new subsidiary should be deemed as one party to this Agreement. Other Parties of the Agreement hereby agree with such arrangements.

Increase of Subsidiaries of Party B. If, at any time after the effective date of this agreement, any institutions new agencies invested and in or controlled (including control through controlled by agreement arrangementsarrangement) by Party B are added (including but not limited to companiesany company, partnership enterprises and other organizational forms or relevant agencies in which Party B holds, directly or indirectly hold indirectly, more than 50% of the investment equityequity interest, hereinafter referred to as “"Subsidiary of Party B’s Subordinate Institutions”)") are added, Party B and Party C shall cause such new subsidiary Subsidiary of Party B to sign confirmation letter of which the format and contents of Right and Obligation Assumption Letter listed in Appendix III or other legal documents permitted or required by the PRC laws to make such new subsidiary to enjoy and undertake all the rights and obligations under this Agreement as those of Subsidiaries of Party B hereunder. As of the date of signature of such Right and Obligation Assumption Letter or other legal documents, the new subsidiary Subsidiary of Party B should be deemed as one party to this Agreement. Other Parties of the Agreement hereby agree with such arrangements.