Common use of Pledged Equity Interests Clause in Contracts

Pledged Equity Interests. 2.1 The pledged equity interests under this Agreement shall be 8.88% of the equity interests held by the Pledgor in Fangdd ( “Pledged Equity Interests”) and all interests relating to the Pledged Equity Interests. As of the effective date of this Agreement, the details of the Pledged Equity Interests are as follows: Company name: Shenzhen Fangdd Network Technology Co., Ltd. Registered capital: RMB12,345,666 Pledged Equity Interests: 8.88% of the equity interests of Fangdd Corresponding amount of contribution: RMB1,095,679 2.2 Within the term of this Agreement, the Pledgee shall not be liable for any reduction in the value of the Pledged Equity Interests unless due to the Pledgee’s willfulness or gross negligence that has a direct causal relationship with the result, and the Pledgor shall have no right to make any form of recourse or claim against the Pledgee. 2.3 Subject to the provisions of Clause 2.2 hereof above, if there is any possibility of a significant reduction in the value of the Pledged Equity Interests which is sufficient to endanger the rights of the Pledgee, the Pledgee may require at any time the Pledgor to auction or dispose of the Pledged Equity Interests and agree with the Pledgor that the proceeds from the auction or disposal thereof shall be used to pay off the secured debt in advance or be deposited with the notary public office in the place where the Pledgee is located (any expenses incurred therefrom shall be borne by the Pledgee). 2.4 The Pledgee shall have the right to dispose of the Pledged Equity Interests in such manner as set out in Clause 11 hereof when any event of default occurs on the part of Fangdd or the Pledgor. 2.5 With the prior consent of the Pledgee, the Pledgor may increase its capital contribution to Fangdd and transfer or accept any equity interests of the Company. Any equity interests formed from the increase by the Pledgor of its capital contribution to Fangdd shall also be the Pledged Equity Interests. 2.6 With the prior consent of the Pledgee, the Pledgor may receive dividends or bonuses in respect of the Pledged Equity Interests.

Appears in 1 contract

Samples: Equity Interest Pledge Agreement (Fangdd Network Group Ltd.)

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Pledged Equity Interests. 2.1 The pledged equity interests under this Agreement shall be 8.888.87% of the equity interests shares held by the Pledgor in Fangdd ( FangDD (hereinafter referred to as “Pledged Equity Interests”) and all interests relating to the Pledged Equity Interests. As of the effective date of this Agreement, the details of the Pledged Equity Interests are as follows: Company name: Shenzhen Fangdd FangDD Network Technology Co., Ltd. Registered capital: RMB12,345,666 Pledged Equity Interests: 8.888.87% of the equity interests shares of Fangdd FangDD Corresponding amount of contribution: RMB1,095,679 2.2 Within the term of this Agreement, the Pledgee shall not be liable for any reduction in the value of the Pledged Equity Interests unless due to the Pledgee’s willfulness or gross negligence that has a direct causal relationship with the result, and the Pledgor shall have no right to make any form of recourse or claim against the Pledgee. 2.3 Subject to the provisions of Clause 2.2 hereof above, if there is any possibility of a significant reduction in the value of the Pledged Equity Interests which is sufficient to endanger the rights of the Pledgee, the Pledgee may require at any time the Pledgor to auction or dispose of the Pledged Equity Interests and agree with the Pledgor that the proceeds from the auction or disposal thereof shall be used to pay off the secured debt in advance or be deposited with the notary public office in the place where the Pledgee is located (any expenses incurred therefrom shall be borne by the Pledgee). 2.4 The Pledgee shall have the right to dispose of the Pledged Equity Interests in such manner as set out in Clause 11 hereof when any event of default occurs on the part of Fangdd FangDD or the Pledgor. 2.5 With the prior consent of the Pledgee, the Pledgor may increase its capital contribution to Fangdd FangDD and transfer or accept any equity interests shares of the Company. Any equity interests shares formed from the increase by the Pledgor of its capital contribution to Fangdd FangDD shall also be the Pledged Equity Interests. 2.6 With the prior consent of the Pledgee, the Pledgor may receive dividends or dividends or bonuses in respect of the Pledged Equity Interests.

Appears in 1 contract

Samples: Equity Interest Pledge Agreement (Fangdd Network Group Ltd.)

Pledged Equity Interests. 2.1 The pledged equity interests under this Agreement shall be 8.882.66% of the equity interests held by the Pledgor in Fangdd ( (hereinafter referred to as “Pledged Equity Interests”) and all interests relating to the Pledged Equity Interests. As of the effective date of this Agreement, the details of the Pledged Equity Interests are as follows: Company name: Shenzhen Fangdd Network Technology Co., Ltd. Registered capital: RMB12,345,666 Pledged Equity Interests: 8.882.66% of the equity interests of Fangdd Corresponding amount of contribution: RMB1,095,679RMB328,704 2.2 Within the term of this Agreement, the Pledgee shall not be liable for any reduction in the value of the Pledged Equity Interests unless due to the Pledgee’s willfulness or gross negligence that has a direct causal relationship with the result, and the Pledgor shall have no right to make any form of recourse or claim against the Pledgee. 2.3 Subject to the provisions of Clause 2.2 hereof above, if there is any possibility of a significant reduction in the value of the Pledged Equity Interests which is sufficient to endanger the rights of the Pledgee, the Pledgee may require at any time the Pledgor to auction or dispose of the Pledged Equity Interests and agree with the Pledgor that the proceeds from the auction or disposal thereof shall be used to pay off the secured debt in advance or be deposited with the notary public office in the place where the Pledgee is located (any expenses incurred therefrom shall be borne by the Pledgee). 2.4 The Pledgee shall have the right to dispose of the Pledged Equity Interests in such manner as set out in Clause 11 hereof when any event of default occurs on the part of Fangdd or the Pledgor. 2.5 With the prior consent of the Pledgee, the Pledgor may increase its capital contribution to Fangdd and transfer or accept any equity interests of the Company. Any equity interests formed from the increase by the Pledgor of its capital contribution to Fangdd shall also be the Pledged Equity Interests. 2.6 With the prior consent of the Pledgee, the Pledgor may receive dividends or dividends or bonuses in respect of the Pledged Equity Interests.

Appears in 1 contract

Samples: Equity Interest Pledge Agreement (Fangdd Network Group Ltd.)

Pledged Equity Interests. 2.1 The pledged equity interests under this Agreement shall be 8.8819.75% of the equity interests held by the Pledgor in Fangdd ( (hereinafter referred to as “Pledged Equity Interests”) and all interests relating to the Pledged Equity Interests. As of the effective date of this Agreement, the details of the Pledged Equity Interests are as follows: Company name: Shenzhen Fangdd Network Technology Co., Ltd. Registered capital: RMB12,345,666 Pledged Equity Interests: 8.8819.75% of the equity interests of Fangdd Corresponding amount of contribution: RMB1,095,679RMB2,438,271 2.2 Within the term of this Agreement, the Pledgee shall not be liable for any reduction in the value of the Pledged Equity Interests unless due to the Pledgee’s willfulness or gross negligence that has a direct causal relationship with the result, and the Pledgor shall have no right to make any form of recourse or claim against the Pledgee. 2.3 Subject to the provisions of Clause 2.2 hereof above, if there is any possibility of a significant reduction in the value of the Pledged Equity Interests which is sufficient to endanger the rights of the Pledgee, the Pledgee may require at any time the Pledgor to auction or dispose of the Pledged Equity Interests and agree with the Pledgor that the proceeds from the auction or disposal thereof shall be used to pay off the secured debt in advance or be deposited with the notary public office in the place where the Pledgee is located (any expenses incurred therefrom shall be borne by the Pledgee). 2.4 The Pledgee shall have the right to dispose of the Pledged Equity Interests in such manner as set out in Clause 11 hereof when any event of default occurs on the part of Fangdd or the Pledgor. 2.5 With the prior consent of the Pledgee, the Pledgor may increase its capital contribution to Fangdd and transfer or accept any equity interests of the Company. Any equity interests formed from the increase by the Pledgor of its capital contribution to Fangdd shall also be the Pledged Equity Interests. 2.6 With the prior consent of the Pledgee, the Pledgor may receive dividends or dividends or bonuses in respect of the Pledged Equity Interests.

Appears in 1 contract

Samples: Equity Interest Pledge Agreement (Fangdd Network Group Ltd.)

Pledged Equity Interests. 2.1 The pledged equity interests under this Agreement shall be 8.8846.62% of the equity interests held by the Pledgor in Fangdd ( “Pledged Equity Interests”) and all interests relating to the Pledged Equity Interests. As of the effective date of this Agreement, the details of the Pledged Equity Interests are as follows: Company name: Shenzhen Fangdd Network Technology Co., Ltd. Registered capital: RMB12,345,666 Pledged Equity Interests: 8.8846.62% of the equity interests of Fangdd Corresponding amount of contribution: RMB1,095,679RMB5,754,627 2.2 Within the term of this Agreement, the Pledgee shall not be liable for any reduction in the value of the Pledged Equity Interests unless due to the Pledgee’s willfulness or gross negligence that has a direct causal relationship with the result, and the Pledgor shall have no right to make any form of recourse or claim against the Pledgee. 2.3 Subject to the provisions of Clause 2.2 hereof above, if there is any possibility of a significant reduction in the value of the Pledged Equity Interests which is sufficient to endanger the rights of the Pledgee, the Pledgee may require at any time the Pledgor to auction or dispose of the Pledged Equity Interests and agree with the Pledgor that the proceeds from the auction or disposal thereof shall be used to pay off the secured debt in advance or be deposited with the notary public office in the place where the Pledgee is located (any expenses incurred therefrom shall be borne by the Pledgee). 2.4 The Pledgee shall have the right to dispose of the Pledged Equity Interests in such manner as set out in Clause 11 hereof when any event of default occurs on the part of Fangdd or the Pledgor. 2.5 With the prior consent of the Pledgee, the Pledgor may increase its capital contribution to Fangdd and transfer or accept any equity interests of the Company. Any equity interests formed from the increase by the Pledgor of its capital contribution to Fangdd shall also be the Pledged Equity Interests. 2.6 With the prior consent of the Pledgee, the Pledgor may receive dividends or dividends or bonuses in respect of the Pledged Equity Interests.

Appears in 1 contract

Samples: Equity Interest Pledge Agreement (Fangdd Network Group Ltd.)

Pledged Equity Interests. 2.1 The pledged equity interests under this Agreement shall be 8.8831.95% of the equity interests held by the Pledgor in Fangdd ( “Pledged Equity Interests”) and all interests relating to the Pledged Equity Interests. As of the effective date of this Agreement, the details of the Pledged Equity Interests are as follows: Company name: Shenzhen Fangdd Network Technology Co., Ltd. Registered capital: RMB12,345,666 Pledged Equity Interests: 8.8831.95% of the equity interests of Fangdd Corresponding amount of contribution: RMB1,095,679RMB3,944,445 2.2 Within the term of this Agreement, the Pledgee shall not be liable for any reduction in the value of the Pledged Equity Interests unless due to the Pledgee’s willfulness or gross negligence that has a direct causal relationship with the result, and the Pledgor shall have no right to make any form of recourse or claim against the Pledgee. 2.3 Subject to the provisions of Clause 2.2 hereof above, if there is any possibility of a significant reduction in the value of the Pledged Equity Interests which is sufficient to endanger the rights of the Pledgee, the Pledgee may require at any time the Pledgor to auction or dispose of the Pledged Equity Interests and agree with the Pledgor that the proceeds from the auction or disposal thereof shall be used to pay off the secured debt in advance or be deposited with the notary public office in the place where the Pledgee is located (any expenses incurred therefrom shall be borne by the Pledgee). 2.4 The Pledgee shall have the right to dispose of the Pledged Equity Interests in such manner as set out in Clause 11 hereof when any event of default occurs on the part of Fangdd or the Pledgor. 2.5 With the prior consent of the Pledgee, the Pledgor may increase its capital contribution to Fangdd and transfer or accept any equity interests of the Company. Any equity interests formed from the increase by the Pledgor of its capital contribution to Fangdd shall also be the Pledged Equity Interests. 2.6 With the prior consent of the Pledgee, the Pledgor may receive dividends or dividends or bonuses in respect of the Pledged Equity Interests.

Appears in 1 contract

Samples: Equity Interest Pledge Agreement (Fangdd Network Group Ltd.)

Pledged Equity Interests. 2.1 The pledged equity interests under this Agreement shall be 8.8831.95% of the equity interests shares held by the Pledgor in Fangdd ( FangDD (hereinafter referred to as “Pledged Equity Interests”) and all interests relating to the Pledged Equity Interests. As of the effective date of this Agreement, the details of the Pledged Equity Interests are as follows: Company name: Shenzhen Fangdd FangDD Network Technology Co., Ltd. Registered capital: RMB12,345,666 Pledged Equity Interests: 8.8831.95% of the equity interests shares of Fangdd FangDD Corresponding amount of contribution: RMB1,095,679RMB3,944,445 2.2 Within the term of this Agreement, the Pledgee shall not be liable for any reduction in the value of the Pledged Equity Interests unless due to the Pledgee’s willfulness or gross negligence that has a direct causal relationship with the result, and the Pledgor shall have no right to make any form of recourse or claim against the Pledgee. 2.3 Subject to the provisions of Clause 2.2 hereof above, if there is any possibility of a significant reduction in the value of the Pledged Equity Interests which is sufficient to endanger the rights of the Pledgee, the Pledgee may require at any time the Pledgor to auction or dispose of the Pledged Equity Interests and agree with the Pledgor that the proceeds from the auction or disposal thereof shall be used to pay off the secured debt in advance or be deposited with the notary public office in the place where the Pledgee is located (any expenses incurred therefrom shall be borne by the Pledgee). 2.4 The Pledgee shall have the right to dispose of the Pledged Equity Interests in such manner as set out in Clause 11 hereof when any event of default occurs on the part of Fangdd FangDD or the Pledgor. 2.5 With the prior consent of the Pledgee, the Pledgor may increase its capital contribution to Fangdd FangDD and transfer or accept any equity interests shares of the Company. Any equity interests shares formed from the increase by the Pledgor of its capital contribution to Fangdd FangDD shall also be the Pledged Equity Interests. 2.6 With the prior consent of the Pledgee, the Pledgor may receive dividends or dividends or bonuses in respect of the Pledged Equity Interests.

Appears in 1 contract

Samples: Equity Interest Pledge Agreement (Fangdd Network Group Ltd.)

Pledged Equity Interests. 2.1 The pledged equity interests under this Agreement shall be 8.882% of the equity interests shares held by the Pledgor in Fangdd ( FangDD (hereinafter referred to as “Pledged Equity Interests”) and all interests relating to the Pledged Equity Interests. As of the effective date of this Agreement, the details of the Pledged Equity Interests are as follows: Company name: Shenzhen Fangdd FangDD Network Technology Co., Ltd. Registered capital: RMB12,345,666 Pledged Equity Interests: 8.882% of the equity interests shares of Fangdd FangDD Corresponding amount of contribution: RMB1,095,679RMB246,913 2.2 Within the term of this Agreement, the Pledgee shall not be liable for any reduction in the value of the Pledged Equity Interests unless due to the Pledgee’s willfulness or gross negligence that has a direct causal relationship with the result, and the Pledgor shall have no right to make any form of recourse or claim against the Pledgee. 2.3 Subject to the provisions of Clause 2.2 hereof above, if there is any possibility of a significant reduction in the value of the Pledged Equity Interests which is sufficient to endanger the rights of the Pledgee, the Pledgee may require at any time the Pledgor to auction or dispose of the Pledged Equity Interests and agree with the Pledgor that the proceeds from the auction or disposal thereof shall be used to pay off the secured debt in advance or be deposited with the notary public office in the place where the Pledgee is located (any expenses incurred therefrom shall be borne by the Pledgee). 2.4 The Pledgee shall have the right to dispose of the Pledged Equity Interests in such manner as set out in Clause 11 hereof when any event of default occurs on the part of Fangdd FangDD or the Pledgor. 2.5 With the prior consent of the Pledgee, the Pledgor may increase its capital contribution to Fangdd FangDD and transfer or accept any equity interests shares of the Company. Any equity interests shares formed from the increase by the Pledgor of its capital contribution to Fangdd FangDD shall also be the Pledged Equity Interests. 2.6 With the prior consent of the Pledgee, the Pledgor may receive dividends or dividends or bonuses in respect of the Pledged Equity Interests.

Appears in 1 contract

Samples: Equity Interest Pledge Agreement (Fangdd Network Group Ltd.)

Pledged Equity Interests. 2.1 The pledged equity interests under this Agreement shall be 8.8831.95% of the equity interests held by the Pledgor in Fangdd ( (hereinafter referred to as “Pledged Equity Interests”) and all interests relating to the Pledged Equity Interests. As of the effective date of this Agreement, the details of the Pledged Equity Interests are as follows: Company name: Shenzhen Fangdd Network Technology Co., Ltd. Registered capital: RMB12,345,666 Pledged Equity Interests: 8.8831.95% of the equity interests of Fangdd Corresponding amount of contribution: RMB1,095,679RMB3,944,445 2.2 Within the term of this Agreement, the Pledgee shall not be liable for any reduction in the value of the Pledged Equity Interests unless due to the Pledgee’s willfulness or gross negligence that has a direct causal relationship with the result, and the Pledgor shall have no right to make any form of recourse or claim against the Pledgee. 2.3 Subject to the provisions of Clause 2.2 hereof above, if there is any possibility of a significant reduction in the value of the Pledged Equity Interests which is sufficient to endanger the rights of the Pledgee, the Pledgee may require at any time the Pledgor to auction or dispose of the Pledged Equity Interests and agree with the Pledgor that the proceeds from the auction or disposal thereof shall be used to pay off the secured debt in advance or be deposited with the notary public office in the place where the Pledgee is located (any expenses incurred therefrom shall be borne by the Pledgee). 2.4 The Pledgee shall have the right to dispose of the Pledged Equity Interests in such manner as set out in Clause 11 hereof when any event of default occurs on the part of Fangdd or the Pledgor. 2.5 With the prior consent of the Pledgee, the Pledgor may increase its capital contribution to Fangdd and transfer or accept any equity interests of the Company. Any equity interests formed from the increase by the Pledgor of its capital contribution to Fangdd shall also be the Pledged Equity Interests. 2.6 With the prior consent of the Pledgee, the Pledgor may receive dividends or dividends or bonuses in respect of the Pledged Equity Interests.

Appears in 1 contract

Samples: Equity Interest Pledge Agreement (Fangdd Network Group Ltd.)

Pledged Equity Interests. 2.1 The pledged equity interests under this Agreement shall be 8.8819.75% of the equity interests shares held by the Pledgor in Fangdd ( FangDD (hereinafter referred to as “Pledged Equity Interests”) and all interests relating to the Pledged Equity Interests. As of the effective date of this Agreement, the details of the Pledged Equity Interests are as follows: Company name: Shenzhen Fangdd FangDD Network Technology Co., Ltd. Registered capital: RMB12,345,666 Pledged Equity Interests: 8.8819.75% of the equity interests shares of Fangdd FangDD Corresponding amount of contribution: RMB1,095,679RMB2,438,271 2.2 Within the term of this Agreement, the Pledgee shall not be liable for any reduction in the value of the Pledged Equity Interests unless due to the Pledgee’s willfulness or gross negligence that has a direct causal relationship with the result, and the Pledgor shall have no right to make any form of recourse or claim against the Pledgee. 2.3 Subject to the provisions of Clause 2.2 hereof above, if there is any possibility of a significant reduction in the value of the Pledged Equity Interests which is sufficient to endanger the rights of the Pledgee, the Pledgee may require at any time the Pledgor to auction or dispose of the Pledged Equity Interests and agree with the Pledgor that the proceeds from the auction or disposal thereof shall be used to pay off the secured debt in advance or be deposited with the notary public office in the place where the Pledgee is located (any expenses incurred therefrom shall be borne by the Pledgee). 2.4 The Pledgee shall have the right to dispose of the Pledged Equity Interests in such manner as set out in Clause 11 hereof when any event of default occurs on the part of Fangdd FangDD or the Pledgor. 2.5 With the prior consent of the Pledgee, the Pledgor may increase its capital contribution to Fangdd FangDD and transfer or accept any equity interests shares of the Company. Any equity interests shares formed from the increase by the Pledgor of its capital contribution to Fangdd FangDD shall also be the Pledged Equity Interests. 2.6 With the prior consent of the Pledgee, the Pledgor may receive dividends or dividends or bonuses in respect of the Pledged Equity Interests.

Appears in 1 contract

Samples: Equity Interest Pledge Agreement (Fangdd Network Group Ltd.)

Pledged Equity Interests. 2.1 The pledged equity interests under this Agreement shall be 8.888.87% of the equity interests held by the Pledgor in Fangdd ( (hereinafter referred to as “Pledged Equity Interests”) and all interests relating to the Pledged Equity Interests. As of the effective date of this Agreement, the details of the Pledged Equity Interests are as follows: Company name: Shenzhen Fangdd Network Technology Co., Ltd. Registered capital: RMB12,345,666 Pledged Equity Interests: 8.888.87% of the equity interests of Fangdd Corresponding amount of contribution: RMB1,095,679 2.2 Within the term of this Agreement, the Pledgee shall not be liable for any reduction in the value of the Pledged Equity Interests unless due to the Pledgee’s willfulness or gross negligence that has a direct causal relationship with the result, and the Pledgor shall have no right to make any form of recourse or claim against the Pledgee. 2.3 Subject to the provisions of Clause 2.2 hereof above, if there is any possibility of a significant reduction in the value of the Pledged Equity Interests which is sufficient to endanger the rights of the Pledgee, the Pledgee may require at any time the Pledgor to auction or dispose of the Pledged Equity Interests and agree with the Pledgor that the proceeds from the auction or disposal thereof shall be used to pay off the secured debt in advance or be deposited with the notary public office in the place where the Pledgee is located (any expenses incurred therefrom shall be borne by the Pledgee). 2.4 The Pledgee shall have the right to dispose of the Pledged Equity Interests in such manner as set out in Clause 11 hereof when any event of default occurs on the part of Fangdd or the Pledgor. 2.5 With the prior consent of the Pledgee, the Pledgor may increase its capital contribution to Fangdd and transfer or accept any equity interests of the Company. Any equity interests formed from the increase by the Pledgor of its capital contribution to Fangdd shall also be the Pledged Equity Interests. 2.6 With the prior consent of the Pledgee, the Pledgor may receive dividends or dividends or bonuses in respect of the Pledged Equity Interests.

Appears in 1 contract

Samples: Equity Interest Pledge Agreement (Fangdd Network Group Ltd.)

Pledged Equity Interests. 2.1 The pledged equity interests under this Agreement shall be 8.888.0% of the equity interests held by the Pledgor in Fangdd ( (hereinafter referred to as “Pledged Equity Interests”) and all interests relating to the Pledged Equity Interests. As of the effective date of this Agreement, the details of the Pledged Equity Interests are as follows: Company name: Shenzhen Fangdd Network Technology Co., Ltd. Registered capital: RMB12,345,666 Pledged Equity Interests: 8.888.0% of the equity interests of Fangdd Corresponding amount of contribution: RMB1,095,679RMB987,653 2.2 Within the term of this Agreement, the Pledgee shall not be liable for any reduction in the value of the Pledged Equity Interests unless due to the Pledgee’s willfulness or gross negligence that has a direct causal relationship with the result, and the Pledgor shall have no right to make any form of recourse or claim against the Pledgee. 2.3 Subject to the provisions of Clause 2.2 hereof above, if there is any possibility of a significant reduction in the value of the Pledged Equity Interests which is sufficient to endanger the rights of the Pledgee, the Pledgee may require at any time the Pledgor to auction or dispose of the Pledged Equity Interests and agree with the Pledgor that the proceeds from the auction or disposal thereof shall be used to pay off the secured debt in advance or be deposited with the notary public office in the place where the Pledgee is located (any expenses incurred therefrom shall be borne by the Pledgee). 2.4 The Pledgee shall have the right to dispose of the Pledged Equity Interests in such manner as set out in Clause 11 hereof when any event of default occurs on the part of Fangdd or the Pledgor. 2.5 With the prior consent of the Pledgee, the Pledgor may increase its capital contribution to Fangdd and transfer or accept any equity interests of the Company. Any equity interests formed from the increase by the Pledgor of its capital contribution to Fangdd shall also be the Pledged Equity Interests. 2.6 With the prior consent of the Pledgee, the Pledgor may receive dividends or dividends or bonuses in respect of the Pledged Equity Interests.

Appears in 1 contract

Samples: Equity Interest Pledge Agreement (Fangdd Network Group Ltd.)

Pledged Equity Interests. 2.1 The pledged equity interests under this Agreement shall be 8.889.0% of the equity interests held by the Pledgor in Fangdd ( (hereinafter referred to as “Pledged Equity Interests”) and all interests relating to the Pledged Equity Interests. As of the effective date of this Agreement, the details of the Pledged Equity Interests are as follows: Company name: Shenzhen Fangdd Network Technology Co., Ltd. Registered capital: RMB12,345,666 Pledged Equity Interests: 8.889.0% of the equity interests of Fangdd Corresponding amount of contribution: RMB1,095,679RMB1,111,100 2.2 Within the term of this Agreement, the Pledgee shall not be liable for any reduction in the value of the Pledged Equity Interests unless due to the Pledgee’s willfulness or gross negligence that has a direct causal relationship with the result, and the Pledgor shall have no right to make any form of recourse or claim against the Pledgee. 2.3 Subject to the provisions of Clause 2.2 hereof above, if there is any possibility of a significant reduction in the value of the Pledged Equity Interests which is sufficient to endanger the rights of the Pledgee, the Pledgee may require at any time the Pledgor to auction or dispose of the Pledged Equity Interests and agree with the Pledgor that the proceeds from the auction or disposal thereof shall be used to pay off the secured debt in advance or be deposited with the notary public office in the place where the Pledgee is located (any expenses incurred therefrom shall be borne by the Pledgee). 2.4 The Pledgee shall have the right to dispose of the Pledged Equity Interests in such manner as set out in Clause 11 hereof when any event of default occurs on the part of Fangdd or the Pledgor. 2.5 With the prior consent of the Pledgee, the Pledgor may increase its capital contribution to Fangdd and transfer or accept any equity interests of the Company. Any equity interests formed from the increase by the Pledgor of its capital contribution to Fangdd shall also be the Pledged Equity Interests. 2.6 With the prior consent of the Pledgee, the Pledgor may receive dividends or dividends or bonuses in respect of the Pledged Equity Interests.

Appears in 1 contract

Samples: Equity Interest Pledge Agreement (Fangdd Network Group Ltd.)

Pledged Equity Interests. 2.1 The pledged equity interests under this Agreement shall be 8.8816.87% of the equity interests shares held by the Pledgor in Fangdd ( FangDD (hereinafter referred to as “Pledged Equity Interests”) and all interests relating to the Pledged Equity Interests. As of the effective date of this Agreement, the details of the Pledged Equity Interests are as follows: Company name: Shenzhen Fangdd FangDD Network Technology Co., Ltd. Registered capital: RMB12,345,666 Pledged Equity Interests: 8.8816.87% of the equity interests shares of Fangdd FangDD Corresponding amount of contribution: RMB1,095,679RMB2,081,790 2.2 Within the term of this Agreement, the Pledgee shall not be liable for any reduction in the value of the Pledged Equity Interests unless due to the Pledgee’s willfulness or gross negligence that has a direct causal relationship with the result, and the Pledgor shall have no right to make any form of recourse or claim against the Pledgee. 2.3 Subject to the provisions of Clause 2.2 hereof above, if there is any possibility of a significant reduction in the value of the Pledged Equity Interests which is sufficient to endanger the rights of the Pledgee, the Pledgee may require at any time the Pledgor to auction or dispose of the Pledged Equity Interests and agree with the Pledgor that the proceeds from the auction or disposal thereof shall be used to pay off the secured debt in advance or be deposited with the notary public office in the place where the Pledgee is located (any expenses incurred therefrom shall be borne by the Pledgee). 2.4 The Pledgee shall have the right to dispose of the Pledged Equity Interests in such manner as set out in Clause 11 hereof when any event of default occurs on the part of Fangdd FangDD or the Pledgor. 2.5 With the prior consent of the Pledgee, the Pledgor may increase its capital contribution to Fangdd FangDD and transfer or accept any equity interests shares of the Company. Any equity interests shares formed from the increase by the Pledgor of its capital contribution to Fangdd FangDD shall also be the Pledged Equity Interests. 2.6 With the prior consent of the Pledgee, the Pledgor may receive dividends or dividends or bonuses in respect of the Pledged Equity Interests.

Appears in 1 contract

Samples: Equity Interest Pledge Agreement (Fangdd Network Group Ltd.)

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Pledged Equity Interests. 2.1 The pledged equity interests under this Agreement shall be 8.882.66% of the equity interests shares held by the Pledgor in Fangdd ( FangDD (hereinafter referred to as “Pledged Equity Interests”) and all interests relating to the Pledged Equity Interests. As of the effective date of this Agreement, the details of the Pledged Equity Interests are as follows: Company name: Shenzhen Fangdd FangDD Network Technology Co., Ltd. Registered capital: RMB12,345,666 Pledged Equity Interests: 8.882.66% of the equity interests shares of Fangdd FangDD Corresponding amount of contribution: RMB1,095,679RMB328,704 2.2 Within the term of this Agreement, the Pledgee shall not be liable for any reduction in the value of the Pledged Equity Interests unless due to the Pledgee’s willfulness or gross negligence that has a direct causal relationship with the result, and the Pledgor shall have no right to make any form of recourse or claim against the Pledgee. 2.3 Subject to the provisions of Clause 2.2 hereof above, if there is any possibility of a significant reduction in the value of the Pledged Equity Interests which is sufficient to endanger the rights of the Pledgee, the Pledgee may require at any time the Pledgor to auction or dispose of the Pledged Equity Interests and agree with the Pledgor that the proceeds from the auction or disposal thereof shall be used to pay off the secured debt in advance or be deposited with the notary public office in the place where the Pledgee is located (any expenses incurred therefrom shall be borne by the Pledgee). 2.4 The Pledgee shall have the right to dispose of the Pledged Equity Interests in such manner as set out in Clause 11 hereof when any event of default occurs on the part of Fangdd FangDD or the Pledgor. 2.5 With the prior consent of the Pledgee, the Pledgor may increase its capital contribution to Fangdd FangDD and transfer or accept any equity interests shares of the Company. Any equity interests shares formed from the increase by the Pledgor of its capital contribution to Fangdd FangDD shall also be the Pledged Equity Interests. 2.6 With the prior consent of the Pledgee, the Pledgor may receive dividends or dividends or bonuses in respect of the Pledged Equity Interests.

Appears in 1 contract

Samples: Equity Interest Pledge Agreement (Fangdd Network Group Ltd.)

Pledged Equity Interests. 2.1 The pledged equity interests under this Agreement shall be 8.888.0% of the equity interests shares held by the Pledgor in Fangdd ( FangDD (hereinafter referred to as “Pledged Equity Interests”) and all interests relating to the Pledged Equity Interests. As of the effective date of this Agreement, the details of the Pledged Equity Interests are as follows: Company name: Shenzhen Fangdd FangDD Network Technology Co., Ltd. Registered capital: RMB12,345,666 Pledged Equity Interests: 8.888.0% of the equity interests shares of Fangdd FangDD Corresponding amount of contribution: RMB1,095,679RMB987,653 2.2 Within the term of this Agreement, the Pledgee shall not be liable for any reduction in the value of the Pledged Equity Interests unless due to the Pledgee’s willfulness or gross negligence that has a direct causal relationship with the result, and the Pledgor shall have no right to make any form of recourse or claim against the Pledgee. 2.3 Subject to the provisions of Clause 2.2 hereof above, if there is any possibility of a significant reduction in the value of the Pledged Equity Interests which is sufficient to endanger the rights of the Pledgee, the Pledgee may require at any time the Pledgor to auction or dispose of the Pledged Equity Interests and agree with the Pledgor that the proceeds from the auction or disposal thereof shall be used to pay off the secured debt in advance or be deposited with the notary public office in the place where the Pledgee is located (any expenses incurred therefrom shall be borne by the Pledgee). 2.4 The Pledgee shall have the right to dispose of the Pledged Equity Interests in such manner as set out in Clause 11 hereof when any event of default occurs on the part of Fangdd FangDD or the Pledgor. 2.5 With the prior consent of the Pledgee, the Pledgor may increase its capital contribution to Fangdd FangDD and transfer or accept any equity interests shares of the Company. Any equity interests shares formed from the increase by the Pledgor of its capital contribution to Fangdd FangDD shall also be the Pledged Equity Interests. 2.6 With the prior consent of the Pledgee, the Pledgor may receive dividends or dividends or bonuses in respect of the Pledged Equity Interests.

Appears in 1 contract

Samples: Equity Interest Pledge Agreement (Fangdd Network Group Ltd.)

Pledged Equity Interests. 2.1 The pledged equity interests under this Agreement shall be 8.889.00% of the equity interests held by the Pledgor in Fangdd ( “Pledged Equity Interests”) and all interests relating to the Pledged Equity Interests. As of the effective date of this Agreement, the details of the Pledged Equity Interests are as follows: Company name: Shenzhen Fangdd Network Technology Co., Ltd. Registered capital: RMB12,345,666 Pledged Equity Interests: 8.889.00% of the equity interests of Fangdd Corresponding amount of contribution: RMB1,095,679RMB1,111,100 2.2 Within the term of this Agreement, the Pledgee shall not be liable for any reduction in the value of the Pledged Equity Interests unless due to the Pledgee’s willfulness or gross negligence that has a direct causal relationship with the result, and the Pledgor shall have no right to make any form of recourse or claim against the Pledgee. 2.3 Subject to the provisions of Clause 2.2 hereof above, if there is any possibility of a significant reduction in the value of the Pledged Equity Interests which is sufficient to endanger the rights of the Pledgee, the Pledgee may require at any time the Pledgor to auction or dispose of the Pledged Equity Interests and agree with the Pledgor that the proceeds from the auction or disposal thereof shall be used to pay off the secured debt in advance or be deposited with the notary public office in the place where the Pledgee is located (any expenses incurred therefrom shall be borne by the Pledgee). 2.4 The Pledgee shall have the right to dispose of the Pledged Equity Interests in such manner as set out in Clause 11 hereof when any event of default occurs on the part of Fangdd or the Pledgor. 2.5 With the prior consent of the Pledgee, the Pledgor may increase its capital contribution to Fangdd and transfer or accept any equity interests of the Company. Any equity interests formed from the increase by the Pledgor of its capital contribution to Fangdd shall also be the Pledged Equity Interests. 2.6 With the prior consent of the Pledgee, the Pledgor may receive dividends or bonuses in respect of the Pledged Equity Interests.

Appears in 1 contract

Samples: Equity Interest Pledge Agreement (Fangdd Network Group Ltd.)

Pledged Equity Interests. 2.1 The pledged equity interests under this Agreement shall be 8.8816.87% of the equity interests held by the Pledgor in Fangdd ( (hereinafter referred to as “Pledged Equity Interests”) and all interests relating to the Pledged Equity Interests. As of the effective date of this Agreement, the details of the Pledged Equity Interests are as follows: Company name: Shenzhen Fangdd Network Technology Co., Ltd. Registered capital: RMB12,345,666 Pledged Equity Interests: 8.8816.87% of the equity interests of Fangdd Corresponding amount of contribution: RMB1,095,679RMB2,081,790 2.2 Within the term of this Agreement, the Pledgee shall not be liable for any reduction in the value of the Pledged Equity Interests unless due to the Pledgee’s willfulness or gross negligence that has a direct causal relationship with the result, and the Pledgor shall have no right to make any form of recourse or claim against the Pledgee. 2.3 Subject to the provisions of Clause 2.2 hereof above, if there is any possibility of a significant reduction in the value of the Pledged Equity Interests which is sufficient to endanger the rights of the Pledgee, the Pledgee may require at any time the Pledgor to auction or dispose of the Pledged Equity Interests and agree with the Pledgor that the proceeds from the auction or disposal thereof shall be used to pay off the secured debt in advance or be deposited with the notary public office in the place where the Pledgee is located (any expenses incurred therefrom shall be borne by the Pledgee). 2.4 The Pledgee shall have the right to dispose of the Pledged Equity Interests in such manner as set out in Clause 11 hereof when any event of default occurs on the part of Fangdd or the Pledgor. 2.5 With the prior consent of the Pledgee, the Pledgor may increase its capital contribution to Fangdd and transfer or accept any equity interests of the Company. Any equity interests formed from the increase by the Pledgor of its capital contribution to Fangdd shall also be the Pledged Equity Interests. 2.6 With the prior consent of the Pledgee, the Pledgor may receive dividends or dividends or bonuses in respect of the Pledged Equity Interests.

Appears in 1 contract

Samples: Equity Interest Pledge Agreement (Fangdd Network Group Ltd.)

Pledged Equity Interests. 2.1 The pledged equity interests under this Agreement shall be 8.880.90% of the equity interests held by the Pledgor in Fangdd ( “Pledged Equity Interests”) and all interests relating to the Pledged Equity Interests. As of the effective date of this Agreement, the details of the Pledged Equity Interests are as follows: Company name: Shenzhen Fangdd Network Technology Co., Ltd. Registered capital: RMB12,345,666 Pledged Equity Interests: 8.880.90% of the equity interests of Fangdd Corresponding amount of contribution: RMB1,095,679RMB111,111 2.2 Within the term of this Agreement, the Pledgee shall not be liable for any reduction in the value of the Pledged Equity Interests unless due to the Pledgee’s willfulness or gross negligence that has a direct causal relationship with the result, and the Pledgor shall have no right to make any form of recourse or claim against the Pledgee. 2.3 Subject to the provisions of Clause 2.2 hereof above, if there is any possibility of a significant reduction in the value of the Pledged Equity Interests which is sufficient to endanger the rights of the Pledgee, the Pledgee may require at any time the Pledgor to auction or dispose of the Pledged Equity Interests and agree with the Pledgor that the proceeds from the auction or disposal thereof shall be used to pay off the secured debt in advance or be deposited with the notary public office in the place where the Pledgee is located (any expenses incurred therefrom shall be borne by the Pledgee). 2.4 The Pledgee shall have the right to dispose of the Pledged Equity Interests in such manner as set out in Clause 11 hereof when any event of default occurs on the part of Fangdd or the Pledgor. 2.5 With the prior consent of the Pledgee, the Pledgor may increase its capital contribution to Fangdd and transfer or accept any equity interests of the Company. Any equity interests formed from the increase by the Pledgor of its capital contribution to Fangdd shall also be the Pledged Equity Interests. 2.6 With the prior consent of the Pledgee, the Pledgor may receive dividends or dividends or bonuses in respect of the Pledged Equity Interests.

Appears in 1 contract

Samples: Equity Interest Pledge Agreement (Fangdd Network Group Ltd.)

Pledged Equity Interests. 2.1 The pledged equity interests under this Agreement shall be 8.882.66% of the equity interests held by the Pledgor in Fangdd ( “Pledged Equity Interests”) and all interests relating to the Pledged Equity Interests. As of the effective date of this Agreement, the details of the Pledged Equity Interests are as follows: Company name: Shenzhen Fangdd Network Technology Co., Ltd. Registered capital: RMB12,345,666 Pledged Equity Interests: 8.882.66% of the equity interests of Fangdd Corresponding amount of contribution: RMB1,095,679RMB328,704 2.2 Within the term of this Agreement, the Pledgee shall not be liable for any reduction in the value of the Pledged Equity Interests unless due to the Pledgee’s willfulness or gross negligence that has a direct causal relationship with the result, and the Pledgor shall have no right to make any form of recourse or claim against the Pledgee. 2.3 Subject to the provisions of Clause 2.2 hereof above, if there is any possibility of a significant reduction in the value of the Pledged Equity Interests which is sufficient to endanger the rights of the Pledgee, the Pledgee may require at any time the Pledgor to auction or dispose of the Pledged Equity Interests and agree with the Pledgor that the proceeds from the auction or disposal thereof shall be used to pay off the secured debt in advance or be deposited with the notary public office in the place where the Pledgee is located (any expenses incurred therefrom shall be borne by the Pledgee). 2.4 The Pledgee shall have the right to dispose of the Pledged Equity Interests in such manner as set out in Clause 11 hereof when any event of default occurs on the part of Fangdd or the Pledgor. 2.5 With the prior consent of the Pledgee, the Pledgor may increase its capital contribution to Fangdd and transfer or accept any equity interests of the Company. Any equity interests formed from the increase by the Pledgor of its capital contribution to Fangdd shall also be the Pledged Equity Interests. 2.6 With the prior consent of the Pledgee, the Pledgor may receive dividends or dividends or bonuses in respect of the Pledged Equity Interests.

Appears in 1 contract

Samples: Equity Interest Pledge Agreement (Fangdd Network Group Ltd.)

Pledged Equity Interests. 2.1 The pledged equity interests under this Agreement shall be 8.882% of the equity interests held by the Pledgor in Fangdd ( (hereinafter referred to as “Pledged Equity Interests”) and all interests relating to the Pledged Equity Interests. As of the effective date of this Agreement, the details of the Pledged Equity Interests are as follows: Company name: Shenzhen Fangdd Network Technology Co., Ltd. Registered capital: RMB12,345,666 Pledged Equity Interests: 8.882% of the equity interests of Fangdd Corresponding amount of contribution: RMB1,095,679RMB246,913 2.2 Within the term of this Agreement, the Pledgee shall not be liable for any reduction in the value of the Pledged Equity Interests unless due to the Pledgee’s willfulness or gross negligence that has a direct causal relationship with the result, and the Pledgor shall have no right to make any form of recourse or claim against the Pledgee. 2.3 Subject to the provisions of Clause 2.2 hereof above, if there is any possibility of a significant reduction in the value of the Pledged Equity Interests which is sufficient to endanger the rights of the Pledgee, the Pledgee may require at any time the Pledgor to auction or dispose of the Pledged Equity Interests and agree with the Pledgor that the proceeds from the auction or disposal thereof shall be used to pay off the secured debt in advance or be deposited with the notary public office in the place where the Pledgee is located (any expenses incurred therefrom shall be borne by the Pledgee). 2.4 The Pledgee shall have the right to dispose of the Pledged Equity Interests in such manner as set out in Clause 11 hereof when any event of default occurs on the part of Fangdd or the Pledgor. 2.5 With the prior consent of the Pledgee, the Pledgor may increase its capital contribution to Fangdd and transfer or accept any equity interests of the Company. Any equity interests formed from the increase by the Pledgor of its capital contribution to Fangdd shall also be the Pledged Equity Interests. 2.6 With the prior consent of the Pledgee, the Pledgor may receive dividends or dividends or bonuses in respect of the Pledged Equity Interests.

Appears in 1 contract

Samples: Equity Interest Pledge Agreement (Fangdd Network Group Ltd.)

Pledged Equity Interests. 2.1 The pledged equity interests under this Agreement shall be 8.889.0% of the equity interests shares held by the Pledgor in Fangdd ( FangDD (hereinafter referred to as “Pledged Equity Interests”) and all interests relating to the Pledged Equity Interests. As of the effective date of this Agreement, the details of the Pledged Equity Interests are as follows: Company name: Shenzhen Fangdd FangDD Network Technology Co., Ltd. Registered capital: RMB12,345,666 Pledged Equity Interests: 8.889.0% of the equity interests shares of Fangdd FangDD Corresponding amount of contribution: RMB1,095,679RMB1,111,100 2.2 Within the term of this Agreement, the Pledgee shall not be liable for any reduction in the value of the Pledged Equity Interests unless due to the Pledgee’s willfulness or gross negligence that has a direct causal relationship with the result, and the Pledgor shall have no right to make any form of recourse or claim against the Pledgee. 2.3 Subject to the provisions of Clause 2.2 hereof above, if there is any possibility of a significant reduction in the value of the Pledged Equity Interests which is sufficient to endanger the rights of the Pledgee, the Pledgee may require at any time the Pledgor to auction or dispose of the Pledged Equity Interests and agree with the Pledgor that the proceeds from the auction or disposal thereof shall be used to pay off the secured debt in advance or be deposited with the notary public office in the place where the Pledgee is located (any expenses incurred therefrom shall be borne by the Pledgee). 2.4 The Pledgee shall have the right to dispose of the Pledged Equity Interests in such manner as set out in Clause 11 hereof when any event of default occurs on the part of Fangdd FangDD or the Pledgor. 2.5 With the prior consent of the Pledgee, the Pledgor may increase its capital contribution to Fangdd FangDD and transfer or accept any equity interests shares of the Company. Any equity interests shares formed from the increase by the Pledgor of its capital contribution to Fangdd FangDD shall also be the Pledged Equity Interests. 2.6 With the prior consent of the Pledgee, the Pledgor may receive dividends or dividends or bonuses in respect of the Pledged Equity Interests.

Appears in 1 contract

Samples: Equity Interest Pledge Agreement (Fangdd Network Group Ltd.)

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