Common use of Rate of Pledge and Term of Pledge Clause in Contracts

Rate of Pledge and Term of Pledge. 3.1 The rate of Pledge 3.1.1 The rate of pledge shall be 100% 3.2 The term of Pledge 3.2.1 Pledge Contract shall take effect as of the date when the equity interests under this Agreement are recorded in the Register of Shareholder of SH Kuantong. The term of the Pledge is the same with the term of Service Agreement. 3.2.2 During the Pledge, the Pledgor shall be entitled to dispose the Pledge in accordance with this Agreement in the event that SH Kuantong fails to pay exclusive technical Consulting and service fee in accordance with the Service Agreement.

Rate of Pledge and Term of Pledge. 3.1 The rate of Pledge 3.1.1 The rate of pledge shall be 100% 3.2 The term of Pledge 3.2.1 Pledge Contract shall take effect as of the date when the equity interests under this Agreement are recorded in the Register of Shareholder of SH KuantongMSN. The term of the Pledge is the same with the term of Service Agreement. 3.2.2 During the Pledge, the Pledgor shall be entitled to dispose the Pledge in accordance with this Agreement in the event that SH Kuantong MSN fails to pay exclusive technical Consulting and service fee in accordance with the Service Agreement.

Rate of Pledge and Term of Pledge. 3.1 The rate of Pledge 3.1.1 The rate of pledge shall be 100% 3.2 The term of Pledge 3.2.1 Pledge Contract shall take effect as of the date when the equity interests under this Agreement are recorded in the Register of Shareholder of SH KuantongAllyes. The term of the Pledge is the same with the term of Service Agreement. 3.2.2 During the Pledge, the Pledgor shall be entitled to dispose the Pledge in accordance with this Agreement in the event that SH Kuantong Allyes fails to pay exclusive technical Consulting and service fee in accordance with the Service Agreement.

Rate of Pledge and Term of Pledge. 3.1 The rate of Pledge 3.1.1 The rate of pledge shall be 100% 3.2 The term of Pledge 3.2.1 Pledge Contract shall take effect as of the date when the equity interests under this Agreement are recorded in the Register of Shareholder of SH KuantongHuxin. The term of the Pledge is the same with the term of Service Agreement. 3.2.2 During the Pledge, the Pledgor shall be entitled to dispose the Pledge in accordance with this Agreement in the event that SH Kuantong Huxin fails to pay exclusive technical Consulting and service fee in accordance with the Service Agreement.

Rate of Pledge and Term of Pledge. 3.1 The rate of Pledge 3.1.1 The rate of pledge shall be 100% 3.2 The term of Pledge 3.2.1 Pledge Contract shall take effect as of the date when the equity interests under this Agreement are recorded in the Register of Shareholder of SH KuantongBaifen Creation. The term of the Pledge is the same with the term of Service Agreement. 3.2.2 During the Pledge, the Pledgor shall be entitled to dispose the Pledge in accordance with this Agreement in the event that SH Kuantong Baifen Creation fails to pay exclusive technical Consulting and service fee in accordance with the Service Agreement.

Rate of Pledge and Term of Pledge. 3.1 The rate of Pledge 3.1.1 The rate of pledge shall be 100% 3.2 The term of Pledge 3.2.1 Pledge Contract shall take effect as of the date when the equity interests under this Agreement are recorded in the Register of Shareholder of SH KuantongQuanshi. The term of the Pledge is the same with the term of Service Agreement. 3.2.2 During the Pledge, the Pledgor shall be entitled to dispose the Pledge in accordance with this Agreement in the event that SH Kuantong Quanshi fails to pay exclusive technical Consulting and service fee in accordance with the Service Agreement.