Common use of Pledge and Guaranteed Scope Clause in Contracts

Pledge and Guaranteed Scope. 1.1 The Pledgor agrees to pledge their equity interest in Guanyou Gamespace to the Pledgee as a security Pledgor and Guanyou Gamespace’s performance of obligation under the Main Agreement. Pledge hereunder refers to the rights owned by the Pledgee, who shall be entitled to a priority in receiving payment by the evaluation or proceeds from the auction or sale of the equity interest pledged by the Pledgor to the Pledgee.

Pledge and Guaranteed Scope. 1.1 The Pledgor agrees agree to pledge their equity interest in Guanyou Gamespace Gamease to the Pledgee as a security Pledgor and Guanyou GamespaceGamease’s performance of obligation under the Main Agreement. Pledge hereunder refers to the rights owned by the Pledgee, who shall be entitled to a priority in receiving payment by the evaluation or proceeds from the auction or sale of the equity interest pledged by the Pledgor to the Pledgee.