Common use of Party B’s Representations and Warranties Clause in Contracts

Party B’s Representations and Warranties. (1) Party B has fully performed its obligation to make a capital contribution to Acorn Network Technology in accordance with the Company Law of the People’s Republic of China and the articles of association of Acorn Network Technology and it is the lawful owner of the equity interest to be pledged hereunder. (2) No third party shall interfere in Party A’s exercise of the pledge right hereunder. (3) Party A shall have the right to dispose of or transfer the equity interest to be pledged hereunder in accordance with the provisions hereof. (4) Apart from the pledge hereunder, Party B has not created any other pledge or encumbrance on the equity interest to be pledged hereunder.

Party B’s Representations and Warranties. (1) Party B has fully performed its obligation to make a capital contribution to Acorn Network Beijing HJX Technology in accordance with the Company Law of the People’s Republic of China and the articles of association of Acorn Network Beijing HJX Technology and it is the lawful owner of the equity interest to be pledged hereunder. (2) No third party shall interfere in Party A’s exercise of the pledge right hereunder. (3) Party A shall have the right to dispose of or transfer the equity interest to be pledged hereunder in accordance with the provisions hereof. (4) Apart from the pledge hereunder, Party B has not created any other pledge or encumbrance on the equity interest to be pledged hereunder.

Party B’s Representations and Warranties. (1) Party B has fully performed its obligation to make a capital contribution to Beijing Acorn Network Technology in accordance with the Company Law of the People’s Republic of China and the articles of association of Beijing Acorn Network Technology and it is the lawful owner of the equity interest to be pledged hereunder. (2) No third party shall interfere in Party A’s exercise of the pledge right hereunder. (3) Party A shall have the right to dispose of or transfer the equity interest to be pledged hereunder in accordance with the provisions hereof. (4) Apart from the pledge hereunder, Party B has not created any other pledge or encumbrance on the equity interest to be pledged hereunder.

Party B’s Representations and Warranties. (1) Party B has fully performed its obligation to make a capital contribution to Acorn Network Technology in accordance with the Company Law of the People’s Republic of China and the articles of association of Acorn Network Technology and it is the lawful owner of the equity interest to be pledged hereunder. (2) No third party shall interfere in Party A’s exercise of the pledge right hereunder. (3) Party A shall have the right to dispose of or transfer the equity interest to be pledged hereunder in accordance with the provisions hereof. (4) Apart from the pledge hereunder, Party B has not created any other pledge or encumbrance on the equity interest to be pledged hereunder.