Common use of Liability for Default Clause in Contracts

Liability for Default. 11.1 The Parties agree and acknowledge that if any Party (“Defaulting Party”) breaches any provision of this Agreement, or fails to perform any obligation under this Agreement, it shall constitute a default under this Agreement (“Default”) and the non-defaulting Party shall be entitled to request the Defaulting Party to cure such Default or take remedies within a reasonable time period. If the Defaulting Party fails to cure such Default or take remedies within such reasonable time period or within ten (10) days after the non-Defaulting Party notifies the Defaulting Party in writing and requests it to cure such Default, then the non-defaulting Party is entitled to decide at its discretion: 11.1.1 If Party B is the Defaulting Party, Party A shall be entitled to terminate this Agreement and request the Defaulting Party to indemnify it against all the damages, or to request the Defaulting Party to continue to perform its obligations under this Agreement and to request the Defaulting Party to indemnify it for all the damages; 11.1.2 If Party A is the Defaulting Party, Party B shall be entitled to request the Defaulting Party to indemnify it for all the damages, unless otherwise stipulated by the Laws, the non-defaulting Party shall not be entitled to terminate or cancel this Agreement under any circumstances. 11.2 Notwithstanding any other provisions of this Agreement, the validity of this Section 11 shall not be affected by any suspension or termination of this Agreement.

Liability for Default. 11.1 9.1 The Parties agree and acknowledge that if any Party (“Defaulting Party”) materially breaches any provision of this Agreement, or materially fails to perform or delays in performing any obligation under this Agreement, it shall constitute a default under this Agreement (“Default”) and each of the non-defaulting Party Parties (“Non-defaulting Parties”) shall be entitled to request the Defaulting Party to cure such Default or take remedies within a reasonable time period. If the Defaulting Party fails to cure such Default or take remedies within such reasonable time period or within ten (10) days after the non-Defaulting other Party notifies the Defaulting Party in writing and requests it to cure such Default, then the non-defaulting Party is entitled to decide at its discretionthen: 11.1.1 9.1.1 If Party B any Shareholder or the Company is the Defaulting Party, Party A the WFOE shall be entitled to terminate this Agreement and request the Defaulting Party to indemnify it against all the for damages, or to request the Defaulting Party to continue to perform its obligations under this Agreement and to request the Defaulting Party to indemnify it for all the damages; 11.1.2 9.1.2 If Party A the WFOE is the Defaulting Party, Party B the Non-defaulting Parties shall be entitled to request the Defaulting Party WFOE to indemnify it for all the damages, provided that unless otherwise stipulated by laws or this Agreement or agreed by the LawsParties, the nonNon-defaulting Party Parties shall not be entitled to terminate or cancel this Agreement under any circumstances. 11.2 9.2 Notwithstanding any other provisions of this Agreement, the validity of this Section 11 section shall not be affected by any the suspension or termination of this Agreement.

Liability for Default. 11.1 The Parties agree and acknowledge that if any Party (“Defaulting Party”) breaches any provision of this Agreement, or fails to perform or delays in performing any obligation under this Agreement, it shall constitute a default under this Agreement (“Default”) and the non-defaulting Party party shall be entitled to request the Defaulting Party to cure such Default or take remedies within a reasonable time period. If the Defaulting Party fails to cure such Default or take remedies within such reasonable time period or within ten (10) days after the nonNon-Defaulting Party notifies the Defaulting Party in writing and requests it to cure such Default, then the non-defaulting Party party is entitled to decide at its discretion: 11.1.1 If Party B is the Existing Shareholders are the Defaulting Party, Party A the WFOE shall be entitled to terminate this Agreement and request the Defaulting Party to indemnify it against all the for damages, or to request the Defaulting Party to continue to perform its obligations under this Agreement and to request the Defaulting Party to indemnify it for all the damages; 11.1.2 If Party A the WFOE is the Defaulting Party, the non-defaulting Party B shall be entitled to request the Defaulting Party to indemnify it for all the damages, unless otherwise stipulated by laws or agreed by the LawsParties, the non-defaulting Party shall not be entitled to terminate or cancel this Agreement under any circumstances. 11.2 Notwithstanding any other provisions of this Agreement, the validity of this Section 11 section shall not be affected by any suspension or termination of this Agreement.

Liability for Default. 11.1 9.1. The Parties agree and acknowledge that if any Party (“Defaulting Party”) substantially breaches any provision of this Agreementhereunder, or substantially fails to perform or substantially delays in performing any obligation under this Agreementobligations hereunder, it such breach, failure or delay shall constitute a default under this Agreement hereunder (“Default”) and that in such event, any of the non-defaulting Party Parties (“Non-Defaulting Party”) shall be entitled have the right to request demand the Defaulting Party to cure such Default or take remedies remedial measures within a reasonable time periodtime. If the Defaulting Party fails to cure such Default or take remedies remedial measures within such reasonable time period or within ten (10) days after the nonNon-Defaulting Party notifies the Defaulting Party in writing and requests it to cure such Default, then the non-defaulting Party is entitled to decide at its discretionthen: 11.1.1 9.1.1. If Party B either of the Shareholders or the Company is the Defaulting Party, Party A WFOE shall be entitled to terminate this Agreement and request demand the Defaulting Party to indemnify it against all the damages, or to request for damage; 9.1.2. If WFOE is the Defaulting Party, the Non-Defaulting Party shall be entitled to continue to perform its obligations under this Agreement and to request demand the Defaulting Party to indemnify it for all the damages; 11.1.2 If Party A is the Defaulting Partydamage, Party B shall be entitled to request the Defaulting Party to indemnify it for all the damages, provided that unless otherwise stipulated by the Lawslaw, the nonNon-defaulting Defaulting Party shall not in no event be entitled to terminate or cancel revoke this Agreement under any circumstancesAgreement. 11.2 9.2. Notwithstanding any other provisions of this Agreementhereof, the validity of this Section 11 9 shall not be affected by any suspension or termination of this Agreement.

Liability for Default. 11.1 The Parties agree and acknowledge that if any Party (“Defaulting Party”) substantially breaches any provision of this Agreementhereunder, or substantially fails to perform or substantially delays in performing any obligation under this Agreementobligations hereunder, it such breach, failure or delay shall constitute a default under this Agreement hereunder (“Default”) and that in such event, the non-defaulting Party shall be entitled have the right to request demand the Defaulting Party to cure such Default or take remedies remedial measures within a reasonable time periodtime. If the Defaulting Party fails to cure such Default or take remedies remedial measures within such reasonable time period or within ten (10) days after the non-Defaulting defaulting Party notifies the Defaulting Party in writing and requests it to cure such Default, then the non-defaulting Party is entitled to decide at may elect, in its discretion: 11.1.1 If Party B is , to (1) terminate this Agreement and demand the Defaulting PartyParty to fully indemnify for damage; or (2) demand enforced performance by the Defaulting Party of its obligations hereunder and full indemnification from the Defaulting Party for damage. The full indemnification for damage is limited to the amount of Service Fees paid in that year. 11.2 Notwithstanding Clause 11.1 above, the Parties agree and acknowledge that unless otherwise stipulated by Laws or this Agreement, Party A shall in no event be entitled permitted to demand to terminate this Agreement and request on the Defaulting Party to indemnify it against all the damages, or to request the Defaulting Party to continue to perform its obligations under this Agreement and to request the Defaulting Party to indemnify it for all the damages; 11.1.2 If Party A is the Defaulting Party, Party B shall be entitled to request the Defaulting Party to indemnify it for all the damages, unless otherwise stipulated by the Laws, the non-defaulting Party shall not be entitled to terminate or cancel this Agreement under ground of any circumstancesreason. 11.2 11.3 Notwithstanding any other provisions of this Agreementhereof, the validity of this Section Article 11 shall not be affected by any suspension or termination of this Agreement.

Liability for Default. 11.1 11.1. The Parties agree and acknowledge that if any Party (the “Defaulting Party”) substantially breaches any provision of this Agreementhereof, or substantially fails to perform or delays in performing any obligation under this Agreementobligations hereunder, it such breach, failure or delay shall constitute a default under this Agreement hereunder (the “Default”) and that in such event, the non-defaulting Party shall be entitled have the right to request demand the Defaulting Party to cure such Default or take remedies remedial measures within a reasonable time periodlimit. If the Defaulting Party fails to cure such Default or take remedies remedial measures within such reasonable time period limit or within ten (10) days after the non-Defaulting defaulting Party notifies the Defaulting Party in writing and requests it to cure such Default, then the non-defaulting Party shall have the right to do the following: (i) if Party A is entitled the Defaulting Party, Party B shall have the right to decide at elect to terminate this Agreement and demand Party A to indemnify for damages, or demand enforced performance by Party A of its discretion: 11.1.1 If obligations hereunder; (ii) if Party B is the Defaulting Party, Party A shall be entitled have the right to terminate this Agreement and request the Defaulting demand Party B to indemnify it against all the for damages, or to request the Defaulting Party to continue to perform its obligations under this Agreement and to request the Defaulting Party to indemnify it for all the damages; 11.1.2 If Party A is the Defaulting Party, Party B shall be entitled to request the Defaulting Party to indemnify it for all the damagesprovided that, unless otherwise stipulated by under the Laws, the non-defaulting in no event may Party shall not be entitled to A terminate or cancel rescind this Agreement under any circumstancesAgreement. 11.2 11.2. Notwithstanding any other provisions of this Agreementhereof, the validity of this Section 11 shall not be affected by any suspension or survive the termination of this Agreement.

Liability for Default. 11.1 9.1 The Parties agree and acknowledge that confirm that, if any Party (hereinafter the “Defaulting Party”) breaches substantially any provision of this Agreement, the provisions herein or fails substantially to perform any obligation of the obligations under this Agreement, it shall constitute a default under this Agreement (hereinafter a “Default”) ), and any of the non-defaulting Party parties shall be entitled have the right to request require the Defaulting Party to cure rectify such Default or take remedies remedial measures within a reasonable time period. If the Defaulting Party fails to cure rectify such Default or take remedies remedial measures within such reasonable time period or within ten (10) days after the of a non-Defaulting Party notifies defaulting party notifying the Defaulting Party in writing and requests requiring it to cure such rectify the Default, then the a non-defaulting Party is entitled to decide party shall have the right at its discretionown discretion to select any of the following remedial measures: 11.1.1 If Party B is the Defaulting Party, Party A shall be entitled (1) to terminate this Agreement and request the Defaulting Party to indemnify it against all the damages, or to request the Defaulting Party to continue to perform its obligations under this Agreement and to request require the Defaulting Party to indemnify it for all damages suffered; or (2) to seek mandatory performance of the damages; 11.1.2 If Party A is obligations of the Defaulting Party, Party B shall be entitled to request hereunder and require the Defaulting Party to indemnify it for all damages suffered. 9.2 Notwithstanding the damagesabove Article 9.1, unless otherwise stipulated the Parties agree and confirm that in no circumstances shall any Shareholder request the termination of this Agreement for any reason. 9.3 The rights and remedies prescribed herein are cumulative, and other rights or remedies prescribed by the Laws, the non-defaulting Party shall law are not be entitled to terminate or cancel this Agreement under any circumstancesprecluded. 11.2 9.4 Notwithstanding any other provisions of this Agreementherein, the validity of this Section 11 Article shall not be affected by any the suspension or termination of this Agreement.

Liability for Default. 11.1 9.1 The Parties agree and acknowledge that if any Party (hereinafter referred to as the “Defaulting Party”) substantially breaches any provision of this Agreement, or substantially fails to perform any obligation under this Agreement, it such shall constitute a default Default under this Agreement (hereinafter referred to as the “Default”) and any Party of the nonother Non-defaulting Party Parties (hereinafter referred to as the “Non-defaulting Parties”) shall be entitled to request require the Defaulting Party to cure such Default or take remedies within a reasonable time period. If the Defaulting Party fails to cure such Default or take remedies within such reasonable time period or within ten (10) fifteen days after the nonNon-Defaulting Party notifies defaulting Parties notify the Defaulting Party in writing and requests require it to cure such Default, then the nonrelevant Non-defaulting Party is Parties are entitled to decide at its discretion: 11.1.1 If Party B is the Defaulting Party, Party A shall be entitled to their absolute discretion (1) terminate this Agreement and request the require Defaulting Party to indemnify it against for all the damages, ; or to request (2) require the specific performance of the Defaulting Party to continue to perform its Party’s obligations under this Agreement and to request require the Defaulting Party to indemnify it for all the damages; 11.1.2 If Party A is . For the Defaulting Party, Party B shall be entitled to request the Defaulting Party to indemnify it for all the damages, unless otherwise stipulated by the Lawsavoidance of doubt, the non-defaulting Party shall not Shareholders or the Company will be entitled to terminate or cancel this Agreement under any circumstancespursuant to this section merely in the event of the Default of the WFOE. 11.2 Notwithstanding any other provisions of 9.2 The Parties agree and acknowledge that except for otherwise provided by laws and this Agreement, the validity Shareholders and the Company shall in no event terminate this Agreement with any reason. 9.3 Notwithstanding otherwise provided in this Agreement, the effectiveness of this Section 11 section shall not be affected by any suspension the dissolution or termination of this Agreement.

Liability for Default. 11.1 9.1 The Parties agree and acknowledge that if any Party (the “Defaulting Party”) materially breaches any provision of this Agreementhereof, or materially fails to perform or delays in performing any obligation under this Agreementhereunder, it such breach, failure or delay shall constitute a default under this Agreement hereunder (the “Default”) and any of the non-defaulting Party Parties (the “Non-Defaulting Party”) shall be entitled have the right to request demand the Defaulting Party to cure such Default or take remedies remedial measures within a reasonable time periodperiod of time. If the Defaulting Party fails to cure such Default or take remedies remedial measures within such reasonable period of time period or within ten (10) days after upon receipt of the nonwritten notice from the Non-Defaulting Party notifies the Defaulting Party in writing and requests requesting it to cure such Default, then the non-defaulting Party is entitled to decide at its discretionthen: 11.1.1 9.1.1 If Party B any Shareholder or the Company is the Defaulting Party, Party A the WFOE or the Cayman Company shall be entitled to terminate this Agreement and request demand the Defaulting Party to indemnify it against all for damage; 9.1.2 If the damages, WFOE or to request the Cayman Company is the Defaulting Party, the Non-Defaulting Party shall be entitled to continue to perform its obligations under this Agreement and to request demand the Defaulting Party to indemnify it for all the damages; 11.1.2 If Party A is the Defaulting Partydamage, Party B shall be entitled to request the Defaulting Party to indemnify it for all the damages, provided that unless otherwise stipulated by the Lawslaws, the nonNon-defaulting Defaulting Party shall not in no event be entitled to terminate or cancel rescind this Agreement under any circumstancesAgreement. 11.2 9.2 Notwithstanding any other provisions of this Agreementhereof, the validity of this Section 11 shall not be affected by any survive the suspension or termination of this Agreement.

Liability for Default. 11.1 9.1 The Parties agree and acknowledge that if any Party (“Defaulting Party”) substantially breaches any provision of this Agreementhereunder, or substantially fails to perform or substantially delays in performing any obligation under this Agreementobligations hereunder, it such breach, failure or delay shall constitute a default under this Agreement hereunder (“Default”) and that in such event, any of the non-defaulting Party Parties (“Non-Defaulting Party”) shall be entitled have the right to request demand the Defaulting Party to cure such Default or take remedies remedial measures within a reasonable time periodtime. If the Defaulting Party fails to cure such Default or take remedies remedial measures within such reasonable time period or within ten (10) days after the nonNon-Defaulting Party notifies the Defaulting Party in writing and requests it to cure such Default, then the non-defaulting Party is entitled to decide at its discretionthen: 11.1.1 (a) If Party B either of the Existing Shareholder or the Company is the Defaulting Party, Party A WFOE shall be entitled to terminate this Agreement and request demand the Defaulting Party to indemnify it against all the damages, or to request for damage; (b) If WFOE is the Defaulting Party, the Non-Defaulting Party shall be entitled to continue to perform its obligations under this Agreement and to request demand the Defaulting Party to indemnify it for all damage, provided that unless otherwise mandatorily stipulated by law, the damages; 11.1.2 If Party A is the Defaulting Party, Party B shall be entitled to request the Non-Defaulting Party to indemnify it for all the damages, unless otherwise stipulated by the Laws, the non-defaulting Party shall not in no event be entitled to terminate or cancel revoke this Agreement under any circumstancesAgreement. For the purpose of this Section 9.1, the Company and the Existing Shareholder further acknowledge and agree that their breach of Article V hereof shall constitute their material breach of this Agreement. 11.2 9.2 Notwithstanding any other provisions of this Agreement, the validity of this Section 11 article shall not be affected by any suspension or termination of this Agreement.

Liability for Default. 11.1 9.1 The Parties agree and acknowledge that confirm that, if any Party (hereinafter the “Defaulting Party”) breaches substantially any provision of this Agreement, the provisions herein or fails substantially to perform any obligation of the obligations under this Agreement, it shall constitute a default under this Agreement (hereinafter a “Default”) ), and any of the non-defaulting Party Parties shall be entitled have the right to request require the Defaulting Party to cure rectify such Default or take remedies remedial measures within a reasonable time period. If the Defaulting Party fails to cure rectify such Default or take remedies remedial measures within such reasonable time period or within ten (10) days after the of a non-Defaulting defaulting Party notifies notifying the Defaulting Party in writing and requests requiring it to cure such rectify the Default, then the a non-defaulting Party is entitled to decide shall have the right at its discretionown discretion to select any of the following remedial measures: 11.1.1 If Party B is the Defaulting Party, Party A shall be entitled (1) to terminate this Agreement and request require the Defaulting Party to indemnify it against all damages suffered; or (2) to seek mandatory performance of the damages, or to request obligations of the Defaulting Party to continue to perform its obligations under this Agreement hereunder and to request require the Defaulting Party to indemnify it for against all damages suffered. 9.2 Notwithstanding the damages; 11.1.2 If Party A is above Article 9.1, the Defaulting Party, Party B Parties agree and confirm that in no circumstances shall be entitled to any Individual Shareholder or the Domestic Company request the Defaulting Party termination of this Agreement for any reason, provided that WFOE shall have the right to indemnify it for all unilaterally terminate this Agreement at any time by sending a 30 days’ prior written notice to the damagesIndividual Shareholders and the Domestic Company. 9.3 The rights and remedies prescribed herein are cumulative, unless otherwise stipulated and other rights or remedies prescribed by the Laws, the non-defaulting Party shall law are not be entitled to terminate or cancel this Agreement under any circumstancesprecluded. 11.2 9.4 Notwithstanding any other provisions of this Agreementherein, the validity of this Section 11 Article shall not be affected by any the suspension or termination of this Agreement.

Liability for Default. 11.1 9.1 The Parties agree and acknowledge that confirm that, if any Party (hereinafter the “Defaulting Party”) breaches substantially any provision of this Agreement, the provisions herein or fails substantially to perform any obligation of the obligations under this Agreement, it shall constitute a default under this Agreement (hereinafter a “Default”) ), and any of the non-defaulting Party default Parties shall be entitled have the right to request require the Defaulting Party to cure rectify such Default or take remedies remedial measures within a reasonable time period. If the Defaulting Party fails to cure rectify such Default or take remedies remedial measures within such reasonable time period or within ten (10) days after the of a non-Defaulting defaulting Party notifies notifying the Defaulting Party in writing and requests requiring it to cure such rectify the Default, then the non-defaulting Party is entitled to decide shall have the right at its discretionown discretion to select any of the following remedial measures: 11.1.1 If Party B is the Defaulting Party, Party A shall be entitled (1) to terminate this Agreement and request the Defaulting Party to indemnify it against all the damages, or to request the Defaulting Party to continue to perform its obligations under this Agreement and to request require the Defaulting Party to indemnify it for all damages suffered; or (2) to seek mandatory performance of the damages; 11.1.2 If Party A is obligations of the Defaulting Party, Party B shall be entitled to request hereunder and require the Defaulting Party to indemnify it for all damages suffered. 9.2 Notwithstanding the damagesabove Article 9.1, unless otherwise stipulated the Parties agree and confirm that in no circumstances shall any Shareholder request the termination of this Agreement for any reason. 9.3 The rights and remedies prescribed herein are cumulative, and other rights or remedies prescribed by the Laws, the non-defaulting Party shall law are not be entitled to terminate or cancel this Agreement under any circumstancesprecluded. 11.2 9.4 Notwithstanding any other provisions of this Agreementherein, the validity of this Section 11 Article shall not be affected by any the suspension or termination of this Agreement.

Liability for Default. 11.1 9.1 The Parties agree and acknowledge that if any Party (the “Defaulting Party”) materially breaches any provision of this Agreementhereof, or materially fails to perform or delays in performing any obligation under this Agreementhereunder, it such breach, failure or delay shall constitute a default under this Agreement hereunder (the “Default”) and any of the non-defaulting Party Parties (the “Non-Defaulting Party”) shall be entitled have the right to request demand the Defaulting Party to cure such Default or take remedies remedial measures within a reasonable time periodperiod of time. If the Defaulting Party fails to cure such Default or take remedies remedial measures within such reasonable period of time period or within ten (10) days after upon receipt of the nonwritten notice from the Non-Defaulting Party notifies the Defaulting Party in writing and requests requesting it to cure such Default, then the non-defaulting Party is entitled to decide at its discretionthen: 11.1.1 9.1.1 If Party B any Shareholder or the Company is the Defaulting Party, Party A the WFOE or the Cayman Company shall be entitled to terminate this Agreement and request demand the Defaulting Party to indemnify it against all for damage; ​ 9.1.2 If the damages, WFOE or to request the Cayman Company is the Defaulting Party, the Non-Defaulting Party shall be entitled to continue to perform its obligations under this Agreement and to request demand the Defaulting Party to indemnify it for all the damages; 11.1.2 If Party A is the Defaulting Partydamage, Party B shall be entitled to request the Defaulting Party to indemnify it for all the damages, provided that unless otherwise stipulated by the Lawslaws, the nonNon-defaulting Defaulting Party shall not in no event be entitled to terminate or cancel this Agreement under any circumstances. 11.2 Notwithstanding any other provisions of this Agreement, the validity of this Section 11 shall not be affected by any suspension or termination of rescind this Agreement.

Liability for Default. 11.1 ​ 9.1 The Parties agree and acknowledge that if any Party (hereinafter referred to as the “Defaulting Party”) substantially breaches any provision of this Agreement, or substantially fails to perform any obligation under this Agreement, it such shall constitute a default Default under this Agreement (hereinafter referred to as the “Default”) and any Party of the nonother Non-defaulting Party Parties (hereinafter referred to as the “Non-defaulting Parties”) shall be entitled to request require the Defaulting Party to cure such Default or take remedies within a reasonable time period. If the Defaulting Party fails to cure such Default or take remedies within such reasonable time period or within ten (10) fifteen days after the nonNon-Defaulting Party notifies defaulting Parties notify the Defaulting Party in writing and requests require it to cure such Default, then the nonrelevant Non-defaulting Party is Parties are entitled to decide at its discretion: 11.1.1 If Party B is the Defaulting Party, Party A shall be entitled to their absolute discretion (1) terminate this Agreement and request the require Defaulting Party to indemnify it against for all the damages, ; or to request (2) require the specific performance of the Defaulting Party to continue to perform its Party’s obligations under this Agreement and to request require the Defaulting Party to indemnify it for all the damages; 11.1.2 If Party A is . For the Defaulting Party, Party B shall be entitled to request the Defaulting Party to indemnify it for all the damages, unless otherwise stipulated by the Lawsavoidance of doubt, the non-defaulting Party shall not Shareholders or the Company will be entitled to terminate or cancel this Agreement under any circumstances.pursuant to this section merely in the event of the Default of the WFOE. ​ 11.2 Notwithstanding any other provisions of 9.2 The Parties agree and acknowledge that except for otherwise provided by laws and this Agreement, the validity Shareholders and the Company shall in no event terminate this Agreement with any reason. ​ 9.3 Notwithstanding otherwise provided in this Agreement, the effectiveness of this Section 11 section shall not be affected by any suspension the dissolution or termination of this Agreement.

Liability for Default. 11.1 12.1 The Parties agree and acknowledge that if any Party (“Defaulting Party”) substantially breaches any provision of this Agreementhereunder, or substantially fails to perform or substantially delays in performing any obligation under this Agreementobligations hereunder, it such breach, failure or delay shall constitute a default under this Agreement hereunder (“Default”) and that in such event, the non-defaulting Party shall be entitled have the right to request demand the Defaulting Party to cure such Default or take remedies remedial measures within a reasonable time periodtime. If the Defaulting Party fails to cure such Default or take remedies remedial measures within such reasonable time period or within ten (10) days after the non-Defaulting defaulting Party notifies the Defaulting Party in writing and requests it to cure such Default, then and if the Defaulting Party is Party A, the non-defaulting Party is entitled to decide at may elect, in its discretion: 11.1.1 If Party B is the Defaulting Party, Party A shall be entitled to (1) terminate this Agreement and request demand the Defaulting Party to fully indemnify it against all the damages, for damage; or to request (2) demand enforced performance by the Defaulting Party to continue to perform of its obligations under this Agreement hereunder and to request full indemnification from the Defaulting Party to indemnify it for all the damages; 11.1.2 If Party A is the Defaulting Party, Party B shall be entitled to request damage; if the Defaulting Party to indemnify it for all the damages, unless otherwise stipulated by the Lawsis Party B, the non-defaulting Party shall not have the right to demand continued performance by the Defaulting Party of its obligations hereunder and full indemnification from the Defaulting Party for damage. 12.2 Notwithstanding Section 12.1 above, the Parties agree and acknowledge that unless otherwise stipulated by Laws or this Agreement, Party A shall in no event be entitled permitted to demand to terminate or cancel this Agreement under on the ground of any circumstancesreason. 11.2 12.3 Notwithstanding any other provisions of this Agreement, the validity of this Section 11 Article XII shall not be affected by any suspension or termination of this Agreement.

Liability for Default. 11.1 9.1 The Parties agree and acknowledge that confirm that, if any Party (hereinafter the “Defaulting Party”) breaches substantially any provision of this Agreement, the provisions herein or fails substantially to perform any obligation of the obligations under this Agreement, it shall constitute a default under this Agreement (hereinafter a “Default”) ), and any of the non-defaulting Party default Parties shall be entitled have the right to request require the Defaulting Party to cure rectify such Default or take remedies remedial measures within a reasonable time period. If the Defaulting Party fails to cure rectify such Default or take remedies remedial measures within such reasonable time period or within ten (10) days after the of a non-Defaulting defaulting Party notifies notifying the Defaulting Party in writing and requests requiring it to cure such rectify the Default, then the non-defaulting Party is entitled to decide shall have the right at its discretionown discretion to select any of the following remedial measures: 11.1.1 If Party B is the Defaulting Party, Party A shall be entitled (1) to terminate this Agreement and request the Defaulting Party to indemnify it against all the damages, or to request the Defaulting Party to continue to perform its obligations under this Agreement and to request require the Defaulting Party to indemnify it for all damages suffered; or (2) to seek mandatory performance of the damages; 11.1.2 If Party A is obligations of the Defaulting Party, Party B shall be entitled to request hereunder and require the Defaulting Party to indemnify it for all damages suffered. 9.2 The Parties agree and confirm that in no circumstances shall any Shareholder request the damagestermination of this Agreement for any reason. 9.3 The rights and remedies prescribed herein are cumulative, unless otherwise stipulated and other rights or remedies prescribed by the Laws, the non-defaulting Party shall law are not be entitled to terminate or cancel this Agreement under any circumstancesprecluded. 11.2 9.4 Notwithstanding any other provisions of this Agreementherein, the validity of this Section 11 Article shall not be affected by any the suspension or termination of this Agreement.

Liability for Default. 11.1 The Parties agree and acknowledge that if any Party (“Defaulting Party”) substantially breaches any provision of this Agreementhereunder, or substantially fails to perform or substantially delays in performing any obligation under this Agreementobligations hereunder, it such breach, failure or delay shall constitute a default under this Agreement hereunder (“Default”) and that in such event, any of the non-defaulting Party Parties (“Non-defaulting Parties”) shall be entitled have the right to request demand the Defaulting Party to cure such Default or take remedies remedial measures within a reasonable time periodtime. If the Defaulting Party fails to cure such Default or take remedies remedial measures within such reasonable time period or within ten (10) days after the non-Defaulting defaulting Party notifies the Defaulting Party in writing and requests it to cure such Default, then the non-defaulting Party is entitled to decide at its discretion: 11.1.1 If Party B (a) to the extent that either the Existing Shareholder or the Company is the Defaulting Party, Party A WFOE shall be entitled to terminate this Agreement and request demand the Defaulting Party to indemnify it against all for damage; (b) to the damages, or to request extent that WFOE is the Defaulting Party, the Non-defaulting Party shall be entitled to continue to perform its obligations under this Agreement and to request demand the Defaulting Party to indemnify it for all the damages; 11.1.2 If Party A is the Defaulting Partydamage, Party B shall be entitled to request the Defaulting Party to indemnify it for all the damages, provided that unless otherwise mandatorily stipulated by the Lawslaw, the nonNon-defaulting Party shall not in no event be entitled to terminate or cancel revoke this Agreement under any circumstancesAgreement. For the purpose of this Section 11.1, the Existing Shareholder further acknowledges and agrees that its breach of Article VI hereof shall constitute their material breach of this Agreement; the Company further acknowledges and agrees that its breach of Article VII hereof shall constitute its material breach of this Agreement. 11.2 Notwithstanding any other provisions of this Agreementhereof, the validity of this Section 11 article shall not be affected by any suspension or termination of this Agreement.

Liability for Default. 11.1 The Parties agree 8.1 Any Party that directly or indirectly violates any provision of the Agreement or does not assume or fails to timely and acknowledge that if any Party fully assume its obligations under the Agreement constitutes a breach of contract, the non-breaching party (hereinafter referred to as the “Defaulting Non-breaching Party”) breaches any provision of this Agreement, or fails shall have the right by written notice to perform any obligation under this Agreement, it shall constitute a default under this Agreement require the breaching party (hereinafter referred to as the “DefaultBreaching Party”) to cure its breach and take adequate, effective and prompt measures to eliminate the nonconsequences of default and to compensate the Non-defaulting breaching Party for the losses incurred by the Breaching Party as a result of the breach. 8.2 If, after the occurrence of default, the Non-breaching Party reasonably and objectively determines that such breach has rendered the performance of the Non-breaching Party’s corresponding obligations under the Agreement impossible or unfair, the Non-breaching Party shall be entitled to request notify the Defaulting Breaching Party in writing that the Non-breaching Party will temporarily suspend the performance of its corresponding obligations under the Agreement until the Breaching Party ceases its breach, takes adequate, effective and prompt measures to cure such Default or take remedies within eliminate the consequences of default and compensates the Non-breaching Party for the losses incurred by the Breaching Party as a reasonable time periodresult of the breach. 8.3 The Breaching Party shall indemnify the Non-breaching Party for its losses including direct economic losses, any foreseeable indirect losses and additional costs incurred by the Breaching Party as a result of the default, including but not limited to attorney’s fees, litigation and arbitration costs, financial costs and travel expenses. If the Defaulting Party fails to cure such Default or take remedies within such reasonable time period or within ten (10) days after amount of liquidated damages is otherwise expressly provided in any provision of the non-Defaulting Party notifies the Defaulting Party in writing and requests it to cure such Default, then the non-defaulting Party is entitled to decide at its discretion: 11.1.1 If Party B is the Defaulting Party, Party A shall be entitled to terminate this Agreement and request the Defaulting Party to indemnify it against all the damages, or to request the Defaulting Party to continue to perform its obligations under this Agreement and to request the Defaulting Party to indemnify it for all the damages; 11.1.2 If Party A is the Defaulting Party, Party B shall be entitled to request the Defaulting Party to indemnify it for all the damages, unless otherwise stipulated by the Laws, the non-defaulting Party shall not be entitled to terminate or cancel this Agreement under any circumstances. 11.2 Notwithstanding any other provisions of this Agreement, the validity of this Section 11 such provision shall not be affected by any suspension or termination of this Agreementprevail.

Liability for Default. 11.1 ​ 9.1 The Parties agree and acknowledge that if any Party (“Defaulting Party”) substantially breaches any provision of this Agreementhereunder, or substantially fails to perform or substantially delays in performing any obligation under this Agreementobligations hereunder, it such breach, failure or delay shall constitute a default under this Agreement hereunder (“Default”) and that in such event, any of the non-defaulting Party Parties (“Non-Defaulting Party”) shall be entitled have the right to request demand the Defaulting Party to cure such Default or take remedies remedial measures within a reasonable time periodtime. If the Defaulting Party fails to cure such Default or take remedies remedial measures within such reasonable time period or within ten (10) days after the nonNon-Defaulting Party notifies the Defaulting Party in writing and requests it to cure such Default, then then: ​ (a) If either of the non-defaulting Party is entitled to decide at its discretion: 11.1.1 If Party B Existing Shareholders or the Company is the Defaulting Party, Party A the Wholly-owned Company shall be entitled to terminate this Agreement and request demand the Defaulting Party to indemnify it against all for damage; ​ (b) If the damages, or to request Wholly-owned Company is the Defaulting Party, the Non-Defaulting Party shall be entitled to continue to perform its obligations under this Agreement and to request demand the Defaulting Party to indemnify it for all damage, provided that unless otherwise mandatorily stipulated by law, the damages; 11.1.2 If Party A is the Defaulting Party, Party B shall be entitled to request the Non-Defaulting Party to indemnify it for all the damages, unless otherwise stipulated by the Laws, the non-defaulting Party shall not in no event be entitled to terminate or cancel revoke this Agreement under any circumstances.Agreement. ​ For the purpose of this Section 9.1, the Company and the Existing Shareholders further acknowledge and agree that their breach of Article V hereof shall constitute their material breach of this Agreement. ​ 11.2 9.2 Notwithstanding any other provisions of this Agreement, the validity of this Section 11 article shall not be affected by any suspension or termination of this Agreement.

Liability for Default. 11.1 9.1 The Parties agree and acknowledge that confirm that, if any Party (hereinafter the “Defaulting Party”) breaches substantially any provision of this Agreement, the provisions herein or fails substantially to perform any obligation of the obligations under this Agreement, it shall constitute a default under this Agreement (hereinafter a “Default”) ), and any of the non-defaulting Party parties shall be entitled have the right to request require the Defaulting Party to cure rectify such Default or take remedies remedial measures within a reasonable time period. If the Defaulting Party fails to cure rectify such Default or take remedies remedial measures within such reasonable time period or within ten (10) days after the of a non-Defaulting Party notifies defaulting party notifying the Defaulting Party in writing and requests requiring it to cure such rectify the Default, then the a non-defaulting Party is entitled to decide party shall have the right at its discretionown discretion to select any of the following remedial measures: 11.1.1 If Party B is the Defaulting Party, Party A shall be entitled (1) to terminate this Agreement and request the Defaulting Party to indemnify it against all the damages, or to request the Defaulting Party to continue to perform its obligations under this Agreement and to request require the Defaulting Party to indemnify it for all damages suffered; or (2) to seek mandatory performance of the damages; 11.1.2 If Party A is obligations of the Defaulting Party, Party B shall be entitled to request hereunder and require the Defaulting Party to indemnify it for all damages suffered. 9.2 The Parties agree and confirm that in no circumstances shall any Shareholder request the damagestermination of this Agreement for any reason. 9.3 The rights and remedies prescribed herein are cumulative, unless otherwise stipulated and other rights or remedies prescribed by the Laws, the non-defaulting Party shall law are not be entitled to terminate or cancel this Agreement under any circumstancesprecluded. 11.2 9.4 Notwithstanding any other provisions of this Agreementherein, the validity of this Section 11 Article shall not be affected by any the suspension or termination of this Agreement.

Liability for Default. 11.1 9.1 The Parties agree and acknowledge that if any Party (hereinafter referred to as the “Defaulting Party”) substantially breaches any provision of this Agreement, or substantially fails to perform any obligation under this Agreement, it such shall constitute a default Default under this Agreement (hereinafter referred to as the “Default”) and any Party of the nonother Non-defaulting Party Parties (hereinafter referred to as the “Non-defaulting Parties”) shall be entitled to request require the Defaulting Party to cure such Default or take remedies within a reasonable time period. If the Defaulting Party fails to cure such Default or take remedies within such reasonable time period or within ten (10) fifteen days after the nonNon-Defaulting Party notifies defaulting Parties notify the Defaulting Party in writing and requests require it to cure such Default, then the nonrelevant Non-defaulting Party is Parties are entitled to decide at its discretion: 11.1.1 If Party B is the Defaulting Party, Party A shall be entitled to their absolute discretion (1) terminate this Agreement and request the require Defaulting Party to indemnify it against for all the damages, ; or to request (2) require the specific performance of the Defaulting Party to continue to perform its Party’s obligations under this Agreement and to request require the Defaulting Party to indemnify it for all the damages; 11.1.2 If Party A is . For the Defaulting Party, Party B shall be entitled to request the Defaulting Party to indemnify it for all the damages, unless otherwise stipulated by the Lawsavoidance of doubt, the non-defaulting Party shall not Shareholders or the Company will be entitled to terminate or cancel this Agreement pursuant to this section merely in the event of the Default of the WFOE. *** Indicates where text has been omitted pursuant to a request for confidential treatment under any circumstancesRule 406 of the Securities Act of 1933, as amended. The omitted materials have been filed separately with the Securities and Exchange Commission. 11.2 Notwithstanding any other provisions of 9.2 The Parties agree and acknowledge that except for otherwise provided by laws and this Agreement, the validity Shareholders and the Company shall in no event terminate this Agreement with any reason. 9.3 Notwithstanding otherwise provided in this Agreement, the effectiveness of this Section 11 section shall not be affected by any suspension the dissolution or termination of this Agreement.