Qingke E Sample Clauses

Qingke E commerce agrees to indemnify and hold the WFOE and the Trustee harmless from all losses suffered or likely to be suffered by the Trustee as a result of exercising the Entrusted Rights, including but not limited to any loss arising from litigation, recovery, arbitration, claim or administrative investigation or penalty by any third party. If any loss arising from intentional or gross negligence of the WFOE or the Trustee, such loss shall not be compensated.
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Qingke E commerce further represents and warrants that the Existing Shareholders are the legitimate shareholders registered by Qingke E-commerce when this Agreement takes effect, and have fully paid registered capital to Qingke E-commerce. Apart from the rights set out in this Agreement, the Equity Pledge Agreement signed between the Existing Shareholders and the WFOE and the Exclusive Option Agreement signed by the WFOE, there is no other third party Entrusted Rights. The Trustee may fully exercise the Entrusted Rights in accordance with the then effective articles of association of Qingke E-commerce.
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Qingke E commerce is a limited liability company duly registered and legally existing under Laws of China and with independent qualification of a legal person. It has full and independent legal status and legal capacity to execute, deliver and perform this Agreement, and can independently act as a subject of action.
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Qingke E commerce shall strictly abide by this Agreement and other agreements signed with Existing Shareholders and WFOE, fulfill its obligations hereunder and thereunder, and refrain from any act or omission that may affect the validity and enforcement of such agreements
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