Common use of Pledge of Stock Rights Clause in Contracts

Pledge of Stock Rights. 2.1 The Pledgor warrants that it will, pursuant to the Loan Agreement and the Share Rights Agreement, pays off relevant debts to the Pledgee, and meanwhile provide guaranty for Weimeng to perform the payment obligation and other relevant obligations under the Trademark License Agreement and the Technical Services Agreement. Therefore, the Pledgor agrees to pledge the Pledged Rights to the Pledgee. 2.2 The Pledgor shall, on the date of execution of this Agreement, submit to the Pledgee the following documents: 2.2.1 the investment certificate issued by Weimeng to the Pledgor evidencing that the Pledgor lawfully holds the Pledged Stock Rights; 2.2.2 the written documents showing that Weimeng’s other shareholders agree with the Pledgor on establishing the pledge of share rights under this Agreement; 2.2.3 all other materials and documents reasonably required by the Pledgee. 2.3 The Pledgor shall deliver the capital contribution certificate to the Pledgee on the date of effectiveness of this Agreement, and go through the procedures for record of modification of the share register in Weimeng.

Pledge of Stock Rights. 2.1 The Pledgor warrants that it will, pursuant to the Loan Agreement and the Share Rights Agreement, pays off relevant debts to the Pledgee, and meanwhile provide guaranty for Weimeng [VIE] to perform the payment obligation and other relevant obligations under the Trademark License Agreement and the Technical Services Agreement. Therefore, the Pledgor agrees to pledge the Pledged Rights to the Pledgee. 2.2 The Pledgor shall, on the date of execution of this Agreement, submit to the Pledgee the following documents: 2.2.1 the investment certificate issued by Weimeng [VIE] to the Pledgor evidencing that the Pledgor lawfully holds the Pledged Stock Rights; 2.2.2 the written documents showing that Weimeng[VIE]’s other shareholders agree with the Pledgor on establishing the pledge of share rights under this Agreement; 2.2.3 all other materials and documents reasonably required by the Pledgee. 2.3 The Pledgor shall deliver the capital contribution certificate to the Pledgee on the date of effectiveness of this Agreement, and go through the procedures for record of modification of the share register in Weimeng[VIE].

Pledge of Stock Rights. 2.1 The Pledgor warrants that it will, pursuant to the Loan Agreement and the Share Rights Agreement, pays off relevant debts to the Pledgee, and meanwhile provide guaranty for Weimeng IAD Company to perform the payment obligation and other relevant obligations under the Trademark License Agreement and the Technical Services Agreement. Therefore, the Pledgor agrees to pledge the Pledged Rights to the Pledgee. 2.2 The Pledgor shall, on the date of execution of this Agreement, submit to the Pledgee the following documents: 2.2.1 the investment certificate issued by Weimeng IAD Company to the Pledgor evidencing that the Pledgor lawfully holds the Pledged Stock Rights; 2.2.2 the written documents showing that WeimengIAD Company’s other shareholders agree with the Pledgor on establishing the pledge of share rights under this Agreement; 2.2.3 all other materials and documents reasonably required by the Pledgee. 2.3 The Pledgor shall deliver the capital contribution certificate to the Pledgee on the date of effectiveness of this Agreement, and go through the procedures for record of modification of the share register in WeimengIAD Company.