Common use of Obligations of Shareholders Clause in Contracts

Obligations of Shareholders. To ensure that Party B performs all of its obligations under the Business Agreements, the Shareholders hereby acknowledge and agree that without the prior written consent of Party A or any other person designated by Party A, Party B will not conduct any transaction which may materially affect its assets, business, personnel, obligations, rights or operation, including but not limited to: 1.1 Carrying out any activities beyond the scope of its normal operation, or operating its business by such means that are not consistent with its usual operation practice; 1.2 Borrowing money from any third party or undertaking any obligations other than those occurred during the normal or daily business operations; 1.3 Replacing or dismissing any of its directors or replace any of its senior officers; 1.4 Selling or acquiring or otherwise disposing of any of its assets or rights with value of over RMB100,000 to or from any third party, including but not limited to any intellectual property rights; 1.5 Granting any security interest over any of its assets or intellectual property rights or providing any other security or creating any other encumbrances on its assets in favor of any third party; 1.6 Amending the articles of association or changing its business scope; 1.7 Changing its normal business process or amending any of its internal material rules and regulations; 1.8 Assigning its rights and obligations hereunder to any third party; 1.9 Adjusting its business operating models, marketing strategies, operating guidance or client relationship in material aspects; and 1.10 Declaring or distributing dividends or profits.

Obligations of Shareholders. To ensure that Party B performs all of its obligations under the Business Agreements, the Shareholders hereby acknowledge and agree that without the prior written consent of Party A or any other person designated by Party A, Party B will not conduct any transaction which may materially affect its assets, business, personnel, obligations, rights or operation, including but not limited to: 1.1 Carrying carrying out any activities beyond the scope of its normal operation, or operating its business by such means that are not consistent with its usual operation practice; 1.2 Borrowing borrowing money from any third party or undertaking any obligations other than those occurred during the normal or daily business operations; 1.3 Replacing replacing or dismissing any of its directors or replace any of its senior officers; 1.4 Selling selling or acquiring or otherwise disposing of any of its assets or rights with value of over RMB100,000 to or from any third party, including but not limited to any intellectual property rights; 1.5 Granting granting any security interest over any of its assets or intellectual property rights or providing any other security or creating any other encumbrances on its assets in favor of any third party; 1.6 Amending amending the articles of association or changing its business scope; 1.7 Changing changing its normal business process or amending any of its internal material rules and regulations; 1.8 Assigning assigning its rights and obligations hereunder to any third party; 1.9 Adjusting adjusting its business operating models, marketing strategies, operating guidance or client relationship in material aspects; and 1.10 Declaring declaring or distributing dividends or profits.