Common use of PERFECTION OF THE PLEDGE Clause in Contracts

PERFECTION OF THE PLEDGE. 4.1 The Pledgor hereby covenants to execute in good faith and to cause any other appropriate parties or individuals to execute all certificates, agreements, deeds, covenants, or notices required by the Beneficiary to perfect or exercise any of the Beneficiary’s rights under this Agreement. 4.2 ML Shopping shall, immediately upon the execution of this Agreement, execute and deliver a capital contribution certificate in the form attached hereto as Schedule 2 (“Capital Contribution Certificate”) for the Pledged Interests and the shareholders’ register in the form attached hereto as Schedule 3 (“Shareholders’ Register”) containing the Pledge. The Beneficiary shall maintain custody of such items during the Term of this Agreement. 4.3 The Pledgor and the Beneficiary shall register the Pledge under this Agreement with a qualified Chinese Public Notary within three (3) business days following the execution of this Agreement.

PERFECTION OF THE PLEDGE. 4.1 The Pledgor hereby covenants to execute in good faith and to cause any other appropriate parties or individuals to execute all certificates, agreements, deeds, covenants, or notices required by the Beneficiary to perfect or exercise any of the Beneficiary’s rights under this Agreement. 4.2 ML Rampage Shopping shall, immediately upon the execution of this Agreement, execute and deliver a capital contribution certificate in the form attached hereto as Schedule 2 (“Capital Contribution Certificate”) for the Pledged Interests and the shareholders’ register in the form attached hereto as Schedule 3 (“Shareholders’ Register”) containing the Pledge. The Beneficiary shall maintain custody of such items during the Term of this Agreement. 4.3 The Pledgor and the Beneficiary shall register the Pledge under this Agreement with a qualified Chinese Public Notary within three (3) business days following the execution of this Agreement.

PERFECTION OF THE PLEDGE. 4.1 The Pledgor hereby covenants to execute in good faith and to cause any other appropriate parties or individuals to execute all certificates, agreements, deeds, covenants, or notices required by the Beneficiary to perfect or exercise any of the Beneficiary’s rights under this Agreement. 4.2 ML Shopping Information Technology shall, immediately upon the execution of this Agreement, execute and deliver a capital contribution certificate in the form attached hereto as Schedule 2 (“Capital Contribution Certificate”) for the Pledged Interests and the shareholders’ register in the form attached hereto as Schedule 3 (“Shareholders’ Register”) containing the Pledge. The Beneficiary shall maintain custody of such items during the Term of this Agreement. 4.3 The Pledgor and the Beneficiary shall register the Pledge under this Agreement with a qualified Chinese Public Notary within three (3) business days following the execution of this Agreement.