Common use of Pledge of Equity Clause in Contracts

Pledge of Equity. 1.1 In order to guarantee UKT Company,all the shareholders of UKT Company(“Shareholders” )and other related responsible parties to perform all obligations and liabilities under the Onshore Agreements, Party A agrees to pledge the Pledged Equities (as defined in Section 4 herein) under this Agreement to Party B pursuant to the terms and conditions of this Agreement, and Party B agrees to accept the above equity pledge, and have priority right to the proceeds from the conversion, auction, or sale of the Pledged Equities. 1.2 The pledge under this Agreement includes the rights owned by Party B to collect the fees (including legal fees), expenses, interests, losses, liquidated damages and compensations thatUKT Companyand/or the Shareholders shall pay under the Onshore Agreements, and civil liabilities that UKT Companyand/or the Shareholders shall bear in case the Onshore Agreements wholly or partially become null and void due to any reason. 1.3 Unless consent in writing by Party B, after the execution of this Agreement, the pledge under this Agreement willbe terminated only when UKT Company and the Shareholders have performed all the obligations and liabilities under the Onshore Agreements and Party B confirms such fulfillmentin writing.If UKT Company or the Shareholders have not fully performed all or part of its or their obligations or liabilities under the Onshore Agreements at the expiration of such agreements, Party B will maintain the pledge hereunder up to the date when all such obligations and liabilities are fully performed.

Pledge of Equity. 1.1 In order to guarantee UKT Company,, all the shareholders of UKT Company(“ShareholdersCompany (“Shareholders” )and other related responsible parties to perform all obligations and liabilities under the Onshore Agreements, Party A agrees to pledge the Pledged Equities (as defined in Section 4 herein) under this Agreement to Party B pursuant to the terms and conditions of this Agreement, and Party B agrees to accept the above equity pledge, and have priority right to the proceeds from the conversion, auction, or sale of the Pledged Equities. 1.2 The pledge under this Agreement includes the rights owned by Party B to collect the fees (including legal fees), expenses, interests, losses, liquidated damages and compensations thatUKT Companyand/or that UKT Company and/or the Shareholders shall pay under the Onshore Agreements, and civil liabilities that UKT Companyand/or Company and/or the Shareholders shall bear in case the Onshore Agreements wholly or partially become null and void due to any reason. 1.3 Unless consent in writing by Party B, after the execution of this Agreement, the pledge under this Agreement willbe will be terminated only when UKT Company and the Shareholders have performed all the obligations and liabilities under the Onshore Agreements and Party B confirms such fulfillmentin fulfillment in writing.. If UKT Company or the Shareholders have not fully performed all or part of its or their obligations or liabilities under the Onshore Agreements at the expiration of such agreements, Party B will maintain the pledge hereunder up to the date when all such obligations and liabilities are fully performed.

Pledge of Equity. 1.1 In order to guarantee UKT Jinxin Company,, all the shareholders of UKT Company(“ShareholdersJinxin Company (“Shareholders” )and other related responsible parties to perform all obligations and liabilities under the Onshore Agreements, Party A agrees to pledge the Pledged Equities (as defined in Section 4 herein) under this Agreement to Party B pursuant to the terms and conditions of this Agreement, and Party B agrees to accept the above equity pledge, and have priority right to the proceeds from the conversion, auction, or sale of the Pledged Equities. 1.2 The pledge under this Agreement includes the rights owned by Party B to collect the fees (including legal fees), expenses, interests, losses, liquidated damages and compensations thatUKT Companyand/or that Jinxin Company and/or the Shareholders shall pay under the Onshore Agreements, and civil liabilities that UKT Companyand/or Jinxin Company and/or the Shareholders shall bear in case the Onshore Agreements wholly or partially become null and void due to any reason. 1.3 Unless consent in writing by Party B, after the execution of this Agreement, the pledge under this Agreement willbe will be terminated only when UKT Jinxin Company and the Shareholders have performed all the obligations and liabilities under the Onshore Agreements and Party B confirms such fulfillmentin fulfillment in writing.. If UKT Jinxin Company or the Shareholders have not fully performed all or part of its or their obligations or liabilities under the Onshore Agreements at the expiration of such agreements, Party B will maintain the pledge hereunder up to the date when all such obligations and liabilities are fully performed.